The Business Times, 25 November 1976
1976-11-25
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The Business Times
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Title Section10 1976-11-25 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, NOVEMBER 25, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article59 1976-11-25 1 Reuter TOKYO, Wed. Prime Minister Takeo Miki today approved a package of measures designed to meet European Common Market demands that Japan curb soaring exports to the EEC,a Foreign Ministry spokesman said. The officials had also agreed on steps to boost Japan's Imports of EEC goods,Reuter - 59 words
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Article64 1976-11-25 1 UPI COPENHAGEN, Wed. A crippling truck drivers' strike which created Industrial chaos and threatened to leave 600,000 Danes without home heating fuel within days continued today after union representatives overwhelmingly rejected a motion to return to work. Before the union vote, the truckers striking for pay hikesUPI - 64 words
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Article61 1976-11-25 1 AP TOKYO, Wed. A survey by a private economic institute published today urges Japan to take the initiative in stabilising the International uranium market. The Japan Energy Economic Research Institute says the international uranium price has more than tripled since the 1973-74 oil crisis prompted many oilAP - 61 words
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Article77 1976-11-25 1 Reuter MANILA, Wed. The Philippine Government sent extra soldiers to the Central Luzon town of Mabalacat following reports that communist guerillas had disarmed civilian defence forces in several villages near the US Clark Alrbase, military sources said today. The sources said that no one was hurtReuter - 77 words
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Article56 1976-11-25 1 AP WASHINGTON, Wed. US Secretary of State Henry Kissinger and Mrs. Jimmy Carter will lead the United States delegation to the inauguration of President-elect Jose Lopez Portillo of Mexico. Mrs. Rosalynn Carter will attend the inauguration as a private citizen at the invitation of Mrs. Lopez Portillo, accordingAP - 56 words
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Article48 1976-11-25 1 Reuter ANKARA, Wed. Hundreds of people were feared killed by a powerful earthquake in a remote part of eastern Turkey today, local officials said. Thousands might have been killed by the quake in the sparsely-populated province of Van, some 1,000 km east of Ankara. Reuter.Reuter - 48 words
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Article44 1976-11-25 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 949.05, down 0.25; 20 transp 223.79, down 0.18; 15 utils 101.64, up 0.38; 65 stocks 307.07, up 0.08. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration202 1976-11-25 1 THE Singapore stock market yesterday came under some fairly sharp selling activity mainly on stoploss and nervous selling accounts. Reflecting the toll on shares across the board, the Business Times index dropped 4.70 points to 239.93 while the Straits Times Industrial index fell 1.67 points to 245.86.202 words
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Article105 1976-11-25 1 Falls Most active S pore Land Sline Darby O.C.B.C. Sel. Dredge $1.54 $3.28 $7.70 $3.48 -.16 -.10 -.10 -.10 Haw Par Slme Darby Central Sugars 276,000 168,000 137,000 General Lumber 55,000 Guinness $4.18 -.06 Total Turnover: 1.12 M Int. Wood $0.53 -.06 Total Value: M$2.04 M U.O.B.105 words
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Article, Illustration867 1976-11-25 1 TWO KEY DIRECTORS AGAINST POLL A severe blow was dealt to the Slme Darby management's cause last night when the board lost the support of two of its key directors. Tun Tan Slew Sin, former Malaysian Finance Minister, and Dr. Chan Chin Cheung, a867 words
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Article543 1976-11-25 1 ON the heels of the fighting circular issued to shareholders of Sime Darby Holdings by chairman James By water on Tuesday evening, the Rothputra faction is poised to launch its own campaign to win the votes and proxies of local shareholders. Late yesterday night, Bumlputra543 words
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Article462 1976-11-25 1 THE successful passing of the Asian Development Bank (Amendment) Bill through its third and final reading yesterday paves the way for the ADB to float Its first bond Issue In the Asian dollar market In the near future. Negotiations for an Issue of approximately462 words
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Article240 1976-11-25 1 THE United States tops the list of foreign investors In Singapore, with $1.12 billion out of a $3.38 billion total. After US comes Britain with $481 million, Holland ($473 million), Japan ($454 million) and Germany ($lO7 m). The EEC as a group accounted for240 words
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Article74 1976-11-25 1 UPI CARACAS, Wed. Venezuelan oil revenue will come to nearly US$6.5 billion (5515.9 billion) In 1976, Finance Minister Hector Hurtado said today. Income, to date, comes to *4.9 billion and by the end of the year should be over $6.4 billion. Oil revenue is running nearly $900UPI - 74 words
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Article140 1976-11-25 1 AP LONDON, Wed. The giant American oil company, Atlantic Richfield, announced in London today it has taken over the prestigious but financially troubled British Sunday newspaper, the Observer. Atlantic Richfield said it was acquiring M per cent of the shares in the Observer, but thatAP - 140 words
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Article162 1976-11-25 1 THE Senior Minister of State for National Development and Communications, Mr. Ong Teng Cheong said yesterday that plans are being examined for the coordination and integration of a Mass Rapid Transit System (MRT) into a comprehensive and land use scheme. Elaborating on the proposed MRT,162 words
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118 1976-11-25 1 THE Minister for National Development and Communications Lim Kim San told Parliament yesterday that the Government will be spending some SISO million on civil works for the construction of the Pan Island Expressway (PIE) stretching from Jalan Boon Lay in Jurong to East118 words
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373 1976-11-25 1 AP BRUSSELS, Wed. Between 1972 and 1975, there were 400,000 jobs lost of the four million In the textile Industry of the nine Common Market countries, a high trade official of the organisations said today. Production was down 11 per cent, butAP - 373 words
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Article274 1976-11-25 1 Reuter BONN, Wed. The West Oerman Councfl of Economic Advisers today recommended that the government adopt a three billion mark (about Ss3 billion) package of measures aimed at stimulating the economy. The governmentappointed body, known here as the Five Wise Men, called in its annualReuter - 274 words
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Page 1 Advertisements
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Advertisement59 1976-11-25 1 Colour TV is simply great SEE PAGE 2 ilium MRJUewkeew&MWeM* Oversea* A Radi* p 2 Oversea* newt/Feature* p 3 Local Co news P 4 International Co news P 5 Local Stocks P 6 Overseas stocks P 7 Commodities P 8 Transport A Communications P 9 Features PlO Local A Overseas59 words
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Advertisement95 1976-11-25 1 Hon g Leong your company Hong Leong Finance provides a wide range of financing services that meets today's commercial and industrial needs. With its vast resources, expertise and experience Hong Leong is able to bring professionalism to finance, using it effectively to help new companies get started or established ones95 words
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Advertisement122 1976-11-25 1 ran fast, n far CLEAN PANSfTOMQ t XJV KOBE STEEL, LTD., JAPAN ANNOUNCES THE OFFICIAL OPENING OF ITS REGIONAL REPRESENTATIVE OFFICE IN SINGAPORE ON THE IST DECEMBER, 1976 Kobe Steel comprises a conglomerate management system based on an organic combination of iron steel, aluminum copper, welding and machinery categories. It122 words
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OVERSEAS
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466 1976-11-25 2 PAK SHOWS INTEREST IN THE JAGUAR Reuter ISLAMABAD, Wed. Pakistan has shown renewed Interests In the Anglo-French Jaguar combat aircraft as a possible alternative to the American A-7 fighter-bomber, reliable sources said today. The British Aircraft Corporation, which builds the supersonic Jaguar, willReuter - 466 words
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460 1976-11-25 2 AP NEW DELHI, Wed. India's energy picture Is slowly Improving due to new offshore oil production, but the country's strenghenlng economy will not soon be relieved of Its large oil Import bill, Indian officials say. "Our dependence on imported crude will be very muchAP - 460 words
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Article109 1976-11-25 2 Reuter BUCHAREST, Wed. Soviet leader Mr. Leonid Brezhnev and Rumanian President Mr. Nicolae Ceauaeecu today signed a joint declaration on further co-operation between the two countries. The signing ceremony, on the third day of Mr. Brezhnev's first visit to Rumania in 10 years, was followedReuter - 109 words
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Article45 1976-11-25 2 Reuter KARACHI, Wed. Pakistan's Minister for Industry Mian Mohammad Ataullah said here today that experts from Iran, Turkey and Pakistan had agreed on Items for preferential trade between them. The minister said the three countries would sign an agreement on trade soon. Reuter.Reuter - 45 words
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225 1976-11-25 2 Reuter UPI. LONDON, Wed. British Cabinet ministers now accept in principle that the Government will have to act to reduce Its budget deficit. Many ministers feel there Is no Justification on purely economic grounds for measures to deflate the economy, but believe thatReuter; UPI. - 225 words
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Article, Illustration447 1976-11-25 2 AP KINGSTON, Wed. Jamaica's sagging economy and Its relations with Cuba are becoming the big Issues In the election campaign that pits Prime Minister Michael Manley's socialism against opposition leader Edward Seaga's capitalism. Political violence has plagued both Mr. Manley's People's National PartyAP - 447 words
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Article138 1976-11-25 2 AP WASHINGTON, Wed. Sources close to Mr. Carter Mid be has selected a Georgia colleague, bank president Burt Lance, to bead the Government's Office of Management and Budget in bis administration. Mr. Lance, president of the National Bank of Georgia, is an old political associateAP - 138 words
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605 1976-11-25 2 UPI. LONDON, Wed. President Perez of Venezuela left here today for Moscow after his three-day visit, but before leaving, he dropped two Important clues to the latest thinking among oil producing countries concerning an oil price rise. The Organisation of Petroleum Exporting Countries (Opec)UPI. - 605 words
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256 1976-11-25 2 UPI. TOKYO, Wed. The Government today Intensified efforts to form a plan by tomorrow to reduce Japan's huge trade surplus with European Common Market nations. Hlgh-Level ministry officials met today to work on a plan to curb Japanese car exports toUPI. - 256 words
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363 1976-11-25 2 AP. UPI BEIRUT, Wed. Arab League forces in southern Lebanon held their positions today and awaited a green light to move closer to the Israeli border after stepped-up Israeli warnings against a new advance. Foreign Ministry sources said the Ministry had received reports thatAP.; UPI - 363 words
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Article219 1976-11-25 2 Reuter MANILA, Wed. The Philippines hopes to call for applications for offshore banking licences from next week following the.completion of guidelines expected to be announced on Friday, the governor of the Central Bank, Mr. Oregorio Llcaros, said today. Speaking to newsmen at the airport while awaitingReuter - 219 words
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Article152 1976-11-25 2 Reuter BRUSSELS, Wed. Common Market ministers reduced the 1977 EEC budget to 8.7 billion units of account (UA), virtually eliminating a five per cent Increase voted by the Community's European Parliament, participants said. They said the ministers agreed to add 14 million UA to theReuter - 152 words
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Article97 1976-11-25 2 Reuter BERLIN, Wed. West Germany's groat National Product grew a real 5.8 per cent in the third quarter over the aame period last year and should expand by •ome six per cent in the fourth, the Berlin Institute for Economic Reeearch said. Growth in theReuter - 97 words
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398 1976-11-25 3 Giscard: Press on with NorthSouth dialogue Reuter PARIS, Wed. French President Valery Olscard d'Estalng has appealed to rich and poor nations to press on with their NorthSouth dialogue, which seems to be heading Into deep trouble. The French leader first launched the dialogue economic talks between 27 countries two yearsReuter - 398 words
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249 1976-11-25 3 TOKYO, Wed. Reuter PRIME Minister Takeo Mlkl said the Japanese economy 1b expected to resume its recovery and he ruled out a cut In the official discount rate of the Bank of Japan at this stage. He told a news conference duringReuter - 249 words
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326 1976-11-25 3 Reuter. GENEVA, Wed. The European Economic Community (EEC), citing the critical condition of Its steel industries, today urged the United States to drop Import restrictions on the community's special steel products. EEC external relations director Phan Van Phi of France said member-states will have fulfilledReuter. - 326 words
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99 1976-11-25 3 Reuter. LONDON, Wed. Venezuela will launch next year US$5OO million to US$BOO million (551,200 million to S$ 1,920 million) worth of government bonds through European banks, to help fund its five-year national development programme, Venezuelan President Carlos Andres Perez told a press conference. HeReuter. - 99 words
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88 1976-11-25 3 Reuter. TOKYO, Wed. The proposed establishment of a forum between Japan and the Association of Southeast Asian Nations (Asean) will be discussed at a meeting of Japanese diplomats in Bangkok from tomorrow, Foreign Ministry officials said. Deputy Foreign Minister Keisuke Arita and two other seniorReuter. - 88 words
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Article216 1976-11-25 3 Reuter LONDON, Wed. The Bank of England once again gave exceptional assistance to the discount market, money market sources said. After very heavy buying of Treasury bills and overnight lending on Monday, the bank was forced to help the market again yesterday, to enable ItReuter - 216 words
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Article26 1976-11-25 3 Reuter TOKYO, Wed. The International Monetary Fund today began Its annual consultations with Japan, which will last until Dec 3, the Finance Ministry said.Reuter - 26 words
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1603 1976-11-25 3 SAMUEL BRITTAN - By SAMUEL BRITTAN Financial Times. SUBJECTS which appear to be entirely different may be closely connected; Indeed they are often the same subject, much to the chagrin of administrators whose work depends on compart■mentalisation. Some current examples are: The agitation about the slowdown ofFinancial Times. - 1,603 words
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156 1976-11-25 3 Reuter. WASHINGTON, Wed. The Treasury Department said Secretary William Simon will visit Britain, the USSR and Mexico, beginning Friday. Mr. Simon will leave Washington for London on Friday, will then continue on to Moscow, and will be In Mexico as part of theReuter. - 156 words
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Article49 1976-11-25 3 Reuter. PRETORIA, Wed. South Africa's gold holdings rose 0.8 million rand to 374.9 million rand last week, the Reserve Bank said. Total gold and foreign reserves rose 141.5 million rand to 910.5 million, largely accounted for by net receipts of official foreign loans, the bank said.Reuter. - 49 words
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Page 2 Advertisements
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Advertisement178 1976-11-25 2 When it comes lo complicated calculations consult the Professionals Calculators SHARP Calculators have one thing in common the ability to reduce cost increase output. That means more business for you. CS-4152 $730 14 digits, 1 memory, Display with print switch. Item counter Right shift key Constant and complex calculations CS-2108178 words
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Page 2 Miscellaneous
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Miscellaneous342 1976-11-25 2 IE WEAI WEATHER report for 24 hours prior to 7.30 p.m. on Nov 24 at Singapore airport. Maximum temperature 31.2° C Associated humidity 56 Minimum temperature 23.3° C Associated humidity 100 Hours of sunshine 5.20 Rainfall in millimeters Trace Total rainfall for the month 244.1 Total rainy days for the342 words
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Page 3 Advertisements
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Advertisement114 1976-11-25 3 THE INTERNATIONAL EXHIBITION OF ELECTRICAL I ELECTRONIC EQUIPMENT Is a series of biennial trade shows in this region organised specially for the traders professionals EXHIBITION HOURS 24-28 th Nov 1976 1.00 p.m. 9.00 p.m. DAILY NATIONAL STADIUM. FREE ADMISSION SEMINAR HOURS 25 26th Nov. 1976 10.00 a.m.-1.00 p.m. ENQUIRY TEL:114 words
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Advertisement177 1976-11-25 3 WE GIVE YOU FASTER DELIVERY TIME AFTER -*,V. 3*im ki M Vfi "7tasb* -,>•' > 4»-4i T- ■5U./ *> •^V At Maersk Line we know that if you are to give service, you must go all the way. Efficiently and in close co-operation with your customer. For our service linking177 words
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COMPANY NEWS
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556 1976-11-25 4 Harrisons Plantations. THE charmingly named Golden Hope, so soon to disappear Into the far less Imaginatively titled Harrisons Plantations has published It last report and accounts which covers the year ended May 31, 1976. The vital statistics the rise in net assetsHarrisons Plantations. - 556 words
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426 1976-11-25 4 THE marked recovery experienced by Consolidated Plantations In the secondhalf of 1975/76 has continued strongly into the first quarter of the current year ending June 30 1977. Unaudited pre-tax profit of this 65.1 per cent owned subsidiary of Slme Darby rose by 31.5 per cent426 words
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Article99 1976-11-25 4 SINGAPORE International Merchant Bankers has made the following appointments: Mr. Ang Ah Lay, Miss S.Y. Eng. Mr. Leo Teng Choy, Mr. Phoon Chiong Kit and Miss Lim Siew Mun as corporate finance officers; Mrs. Hun Choon Hong as accountant and Mrs. Christina K.F. Ong as legal officer.99 words
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Article89 1976-11-25 4 THE shares of three recently reconstructed tin companies will be listed on the Stock Exchange of Singapore from today. Two of them Ayer Hitam Tin Dredging Malaysia and Tronoh Mines Malaysia have been granted listing in the first trading section while the third, Sungel Besi89 words
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COMPANY MEETINGS
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Article23 1976-11-25 4 THE following company meetings are due: Nov 26, 11 a.m., 4th Floor, Mac Donald House, Orchard Road, Singapore 9.23 words
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Article16 1976-11-25 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 1976-11-25 4 Nov 26, 12 noon, at Ulu Tlram Estate In Johore, Malaysia.14 words
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Article17 1976-11-25 4 Nov 27, 12 noon, 5-E Poh Chong Building, 60 Jalan Ibrahim, Johore Bahru.17 words
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Article118 1976-11-25 4 FUSAN Fishing Net Manufacturing has amended the group's pre-tax loss for the first six months ended June 30, 1976 from M 5655,471 to $132,066 It disclosed in a letter to the Kuala Lumpur Stock Exchange that the difference was due to a bookkeeping error which did118 words
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Article58 1976-11-25 4 BOVIS South East Asia has announced that the last date for splitting In relation to Its rights Issue of one-for-two will be Dec 9, 1976. The last date for acceptance, renunciation and payment will be on Dec 31 while provisional allotment letters will be posted on Dec58 words
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Article388 1976-11-25 4 HIGHER operational cost and lower tin production have sent Jack Chla Mining and Industrial Corporation (formerly known as Pungah Tin Dredging) into the red for the first time In four years. For the year ended June 30, 1976 the company suffered a small loss of388 words
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Article328 1976-11-25 4 Current Ex Date Total for Total for payment Dete payable the year previous Year Alcorn 10% Oct. 14 Nov. 25 10% 20% Hongkong Land 2 2% Oct. 19 Nov. 27 2.2% 5.8% Kuala Si dim 5% Nov. 10 Nov. 29 5% 5% S.B.S. 12% Nov. 4 Nov 29328 words
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1137 1976-11-25 4 THE FRENCH STEEL INDUSTRY FT. PARIS, Wed. The gravity of the crisis In the French steel Industry, already underscored by short-term working and lay-offs affecting 50,000 workers In Lorraine, has been emphasised by rumours that the Industry In this region is planning to reduce ItsFT. - 1,137 words
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Page 4 Advertisements
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Advertisement1036 1976-11-25 4 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 blows1,036 words
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INTERNATIONAL COMPANY NEWS
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148 1976-11-25 5 Reuter WASHINGTON, Wed. The Justice Department urged the Federal Communications Commission to conduct a wide-ranging Investigation of the national television network, Including whether they should be forced to divest some or all of the stations they own. The Department's views were presented toReuter - 148 words
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Article85 1976-11-25 5 NEW YORK. Wed. Benguet Consolidated said It has reached a proposed settlement In a class action suit pending against It In Federal Court in New York. The company said the suit concerns the purchase by the plaintiffs of Intercontinental Diversified Com stock between Feb 2 and July 11,85 words
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Article285 1976-11-25 5 POSEIDON Reuter. BYDNEY, Wed. Shell of Australia put Its bid price for Poseidon's Wlndarra nickel aline stake to receiver-manager Noel Buckley, a Shell spokesman told Reuters. The spokesman declined to disclose the offer price for the 50 per cent stake In the Western AustraliaReuter. - 285 words
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Article217 1976-11-25 5 Reuter LONDON, Wed. Davy International said It made an agreed £6.7 million offer for Head Wrightson. Davy said It Is bidding three of Its own ordinary shares for every seven Head Wrightson shares. The offer value Is equivalent to 50p per share. Offer will alsoReuter - 217 words
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Article988 1976-11-25 5 On November 23 PRICES on the Chicago Board Options Exchange on Tuesday were mostly lower. Declines outpaced advances 381 to 93 and volume approximated 63,863 Contracts, off from 82,185 on Monday. OPTION JAN APL JLY STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Avon988 words
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Article116 1976-11-25 5 Reuter LONDON, Wed. Cunard Steam Ship may spend over £25 million In the next four or five years on expanding a container shipping service to Saudi Arabia and an Integral Arab road haulage operation, a spokesman for Trafalgar House Investments, Cunard's parent company, said. Plans Include theReuter - 116 words
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Article100 1976-11-25 5 Reuter. NEW YORK, Wed. Rockwell International Corp ex*> pects earnings for fiscal year 1977, ending Sept 30, to be better than the U553.55 a share earned In fiscal 1976, Its president, Mr. Robert Anderson told Reuters following an analysts meeting. In fiscal 1976, the company's earnings from continuingReuter. - 100 words
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Article148 1976-11-25 5 NEW YORK, Wed. With the economic recovery slowing down and the money market flush with funds, Interest rates are falling like ninepins round the world. In the US, last Friday the Federal Reserve Board cut the discount rate by a quarter point to 5.25 per cent.148 words
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Article173 1976-11-25 5 Reuter NEW YORK, Wed. Bethlehem Steel Corp mid fourth quarter earnings and sales could be below third quarter levels and steel shipments for the quarter will be lower. In last year's fourth quarter Bethlehem earned U5175.6 million on revenues of $1.19 blllloh. Shipments were 2.7 millionReuter - 173 words
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Article64 1976-11-25 5 TOKYO, Wed. Toyota Motor said It will make a one-for-20 scrip issue to shareholders registered on Dec 31. The company said the scrip issue and a public placement of 55,475 shares of 50 yen nominal each will raise Issued capital to 61.6 billion yen from the current 58.7 billion.64 words
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Article33 1976-11-25 5 MILAN, Wed. Sta Flnanlaria Telefonica Stet Is planning to raise about US$3O million through a five-year rollover credit, probably with a margin of Ift per cent over Eurodollar rates, market sources said.33 words
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Article116 1976-11-25 5 Reuter LONDON, Wed. Urquijo International plans to Issue at par UBs2s million of floating rate notes due 1981 guaranteed by Banco Urquijo, Credit Suisse White Weld said. Interest will be payable at one quarter per cent per annum above the London Interbank offered rate for six months EurodollarReuter - 116 words
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106 1976-11-25 5 Reuter. NEW YORK. Wed. International Telephone and Telegraph Corp said It reached a definitive agreement for Its prevlousljannounced merger with Carbon Industries Inc. ITT said the transaction, which was approved by the board of both companies, Is subject to prior consent of the Justice Department,Reuter. - 106 words
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Article894 1976-11-25 5 THOMAS MULLANEY - By THOMAS MULLANEY NYT MOST of the corn planted on the rolling farmland around this region In Eastern Pennsylvania still stands in the fields, drying in its stalks and imparting a golden, heartening glow to the countryside at this thank giving season. But the serenity of theNYT - 894 words
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Article154 1976-11-25 5 Loans Reuter NEW YORK, Wed. General Motors Acceptance Corp said It filed with the Securities and Exchange Commission for the sale of US$4OO million of ninemonth to five-year notes. Included in the current filing for Its continuing note offering, are $344 million of new notesReuter - 154 words
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Article57 1976-11-25 5 LONDON, Wed. IU Overseas Finance plans to offer through an International syndicate UBI3O million of seven-year bonds with an expected coupon of nine per cent, S.O. Warburg said. The issue price will be fixed on Dec and the bonds,, which will be unconditionally guaranteed by IU International Corp, will57 words
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Article86 1976-11-25 5 PARIS, Wed. The French steel Industry financing Eroup, Oroupement De 'Industrie Slderurglque (OIS), said Its domestic bond Issue next Monday will be for 700 million francs with a coupon of 11.4 per cent and gross redemption yield of 11.33 per cent. A OIS spokesman declined to give other details86 words
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Article56 1976-11-25 5 NEW YORK, Wed. Citicorp said It Is lowering the rate on its floating rate notes due to 1960 to 5.95 per cent per year for the six months starting Dec. 1 from the current six per cent. The rate Is' set semiannually at*"one per cent above the average yield56 words
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Article42 1976-11-25 5 LONDON, Wed. The Republic of Finland Is planning to raise US$5O million through a five-year issue In the Eurobond sector, bond market sources said. The Issue Is expected to carry a coupon of Bft per cent paid semi-annually, the sources added.42 words
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Article27 1976-11-25 5 LONDON, Wed. The Sodra Skogsagarna US$2O million 9W per cent Eurobond due 1986 was priced at 99 Y» per cent, Hambros Bank said as lead manager.27 words
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175 1976-11-25 5 DETROIT, Wed. Chrysler Corp executive vlceE resident, Mr. Qwaln H. flllesple, said the company is now estimating 1977 model U8 new car sales at 10.5 million to 10.8 million units compared with the previous estimate of 10.8 million to 11 million units. Mr. Gillespie said175 words
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Article84 1976-11-25 5 Reuter VANCOUVER, Wed. Federal Industry and Commerce Minister, Jean Chretien, said the foreign Investment review agency has decided to allow the proposed acquisition of certain assets of Union Oil of Canada by Husky Oil. Mr. Chretien noted the approval In a telegram to Mr. Fred Pressacco, president ofReuter - 84 words
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Article414 1976-11-25 5 Reuter. NEW YORK, Wed. Municipal Assistance Corp officials and counsel for Flushing National Bank said Dec 15 has been set as a target date for a plan to pay off city notes. The MAC and the bank have to provide the New York stateReuter. - 414 words
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Article123 1976-11-25 5 NEW YORK, Wed. On practically unchanged sales at U*****.4 million ($801.3 million), Litton Industries has raised net profit by 30 per cent to $13.59 million from $10.45 million for the first quarter ended Oct. 31, 1976. Earnings per share rose to 35 cents from 26 cents. However,123 words
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Page 5 Advertisements
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Advertisement326 1976-11-25 5 WHY YOUR LIFE INSURANCE SHOULD BE HELD IN SWISS FRANCS WITH VITA LIFE (FOR EXPATRIATES ONLY) U- y i :f i" »j t > ifi Th» ns>. ASSUREX CONTINENTAL KILLINEY ROAD P.O. BOX 227, 15A AMBER MANSION. ORCHARD ROAD. SINGAPORE 9. TELEPHONE *****1 (5 LINES) v |»x IPprt* /'Tf BUSINESS326 words
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Article1973 1976-11-25 6 SECTION ONE INDUSTRIALS 1976 Gr'» Gr's Low Company Last div Div ru P/E Vol Dav Hifh Sale +or- e'rr CO*) Hifh Low 250 170 Ac ma 172c rl unch 12.ON 1.1 6.9 8.6 5 172 170 206 172 Alcorn 200 20.0 1.3 9.7 13.2 100 60 Allied1,973 words
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Article1044 1976-11-25 6 BID and otter prices officially listed and business in and reported to the Stock Exchange or Singapore yesterday with the number of shires traded shown in brackets in lot* of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,044 words
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Article130 1976-11-25 6 SINGAPORE UNIT TRUST (Managers' prices for Nov 25) The Commerce 1.66 1.75 INCOME BOND UNIT (Current price*) The 8»rlnt Fund S pore Prof. Fund 8'pore Security Fund 8'pore Invest Fund 0.83 0.88 .0.78 0.83 l.M 1.31 1.00 1.08 MARA BUMIPUTRA FUND (Manager*' price* for Nov 25) ASIA UNIT130 words
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Article127 1976-11-25 6 B O T 8 1/2% IMI (100,000) ***** 102*8) I B S coaverta 1/2% 1991 (100,000) (978 97*8) D B 8 8 1/2% IM2 (100,000) (99*8 100*8) E I B 9% 1962 (100,000) (102*B 1038) E I B 8 1/4% IM3 (100,000) (99*8 99*8X2)99* I B J127 words
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Article96 1976-11-25 6 3/4% 15/8/80 (1,000.000) (102.708 102.806) 3/4% 1/12/89 (1,000.000) (102.708 8% T F IS/4/81 (1,000,000) (101.008 101.106) 5 3/4%TF l</4/81-84( 1,000,000) (102.908 102.006) 1/4% T P 1/12/90 (1,000,000) (100.458 1/4% T P 15/4/91 (1.000,000) (100.408 1/2% IS/8/78 (1.000.000) (103.558 103 958) 7% 1/7/79 (1,000,000) (104.788 104.848) 7 1/4%96 words
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Article1033 1976-11-25 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Btook Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INOUtTMAL A|kn*m*ta (1.7&B 1.888) (2) 1.85 AIM* (2 14*). XD. A. OkM1,033 words
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Page 6 Advertisements
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Advertisement142 1976-11-25 6 found only in the best company... Penguins in Business and Management Understanding Company Financial Statements: J. Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H. Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Falk Modern Business Enterprise:142 words
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Article489 1976-11-25 7 SELLERS continued to dwilMto tke mm ud took tUr toll m priooo at the Stock behuit of Siagaporc ywti diy. Unlike earlier this week, tko drops were fairly akarp considering tko aboaaeo of coooortod selling preeeure. Bayers woro just unwillia« to move into tko market at489 words
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Article359 1976-11-25 7 THE controversy over Slme Darby's directorships exerted a bearish Influence on the Kuala Lumpur stock market yesterday. The market which had been drifting along aimlessly the past few weeks was for the first time, subjected to some selling pressure causing prices to fall on a broad359 words
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Article107 1976-11-25 7 Reuter DUESSELDORF, Wed. Mannesmann's group sales to third parties fell 13 per cent to 8.45 billion marks In the first nine months of this year after being 16 per cent down at 5.56 billion In firsthalf 1976, the company said In an Interim report. Earnings have worsenedReuter - 107 words
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Article47 1976-11-25 7 Reuter. FRANKFURT, Wed. The World Bank signed a 200 million mark seven year d-% per cent private placement at 99- V» per cent Deutsche Bank said as Joint lead manager. The other manager Is Dresdner Bank. The loan will be placed Internationally from Dec 8.Reuter. - 47 words
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Article58 1976-11-25 7 Reuter. LOB ANGELES, Wed. Phelps Dodge Corp chairman, Mr. George Munroe, said he expects fourth quarter profits will be better than the 50 US cents a share earned In the year earlier period. Mr. Munroe, who gave no specific estimate, made his comment in response to a questionReuter. - 58 words
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Article1174 1976-11-25 7 NSW YORK: Stock prices foil In moderate trading, altar a weak, rally attempt failed to lift the market Into the phis column on Tuesday. Analysts said profit-taking was the major factor In the downward course which ended a string of rains lasting more than a wow. s Some1,174 words
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Article231 1976-11-25 7 AMSTERDAM: The market turned firm after a generally lower opening on Tuesday with Akao gaining In Dutch Internationals on Its expectation of Enka returning to profit next year If further streamlining Is achieved, dealers said. The rest of the market showed mostly minor changes with Hal, Deli, Ennia and231 words
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Article319 1976-11-25 7 FRANKFURT: Most shares rose up to around five marks on domestic and foreign Investor buying In lively trading on Tuesday. The firmer share trend Is attributed to shortages of some Issues on the domestic bond market and to some Investor dissatisfaction with bond yields. Market sources said among leading319 words
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Article343 1976-11-25 7 JOHANNESBURG: Gold shares on Tuesday closed quietly steady at higher levels with some Isolated movements off the top following small bouts of profittaking, dealers said. Financial minings tended off the top later, De Been was one cent up at 318, coppers were unchanged to slightly firmer, platinums narrowly mixed343 words
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Article360 1976-11-25 7 PARIS: The market was slightly higher In quiet trading on Tuesday. News of the latest OECD forecasts for a cut in France's real GNP growth and a slackening of international trade growth next year had no Impact, they added. The higher trend was mostly attributed to technical adjustments on360 words
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Article259 1976-11-25 7 ZURICH: The market closed narrowly mixed with a slightly firmer bias In quiet trading on Tuesday. Sckwelseriscke Volkibank gained In otherwise little changed major banks. In financial. Elektrowatt and Bally eased while Juveaa Bearer and Ilalo-Suiaee closed very steady. Dollar stocks rose In rather active turnover. Dutch Internationals closed259 words
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Article141 1976-11-25 7 MILAN: The market closed lower on a broad front In moderately active trading on Tuesday. General declines included Fiat, Mediobanca, Snia Viscoaa, both Olivetti's and Pirelli's. Montedison, however firmed against the trend. Bastoci In flnanclals and Assicurasioni General! in insurances fell. Bonds were steady In quiet trading. Nov a141 words
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Article160 1976-11-25 7 BRUSSELS: The market turned mixed under the Influence of proflt-Uklng In moderately active trading on Tuesday. Csbspa. FN, Acec, St Rock and laUrcoa were major local issues to rise, while falls Included 81dro. Traction Hoboken, Cockarill, CBR, Arbed and FißootrraMr. UK and Canadian Issues declined. US and German stocks160 words
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Article323 1976-11-25 7 TORONTO: Bharp loesss among banks, mines, and steels on Tuesday drove the industrial Index down man than two point* and base metals nearly l-to at the doee of moderate trading on the Toronto market. Stele* a dropped to to 22-%, Alcona declined to to 19-to, and Mum a cloeed323 words
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Article488 1976-11-25 7 TOKYO: The market firmed throughout the day on Wednesday extending Monday's rally with active selective buying spreading over many sectors, dealers said. The Dow Jones average rose 56.03 to close at 4,534.17 with volume 230 million shares. The New index closed at 347.34 up 2.62. Interest revived In consumption488 words
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Article317 1976-11-25 7 SYDNEY: The market closed mixed In listless trading on Wednesday. The Sydney All-ordlnarles Index was 407.34 against Tuesday's 407.47. Com Gold fell 25 cents to 1.50 In Its first sale this week, while Kathleen dropped 13 to 1.02. Queenaland Mi nee, Thieaa and AAR also eased but BH South,317 words
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Article346 1976-11-25 7 HONGKONO: The market continued to ease in moderate turnover on Wednesday as operators awaited fresh incentives. dealers said. The Hang Seng Index fell 1.51 points to close at 385.63. Slme Darby unit China Engineers closed unchanged at $10.90 In trading well above normal levels, on speculation about the outcome346 words
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Article86 1976-11-25 7 NOV 24 Bahts Asia Fibre 1206 Bangkok Bank 231 -2 Bangkok Invest ISO unch Bangkok-Metro-politan Bank Bala 3438 BerU Jucker 14® ♦2 Charoonf Thai Wire 147 Dumex Duslt Thanl Paber Merlin First Trust Indo-Thal J And J Ho 158 ♦3 Jalaprathan Cement 78 -2 Karnasuta 3SS unch Lee Kwang86 words
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Article129 1976-11-25 7 MANILA: The market was mixed, with oils firm and minings generally steady, dealers said. Rumours of new developments In drilling off the Palawan Island boosted prices of oil Issues early in the session, attracting selling later, curbing the advance. NOV 24 Peso* Acojf Mining .0145 +0.0005 Atlas Con. A129 words
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Article89 1976-11-25 7 FINANCIAL TIMES INDUSTRIALS Tuesday 300.3 Monday 293 2 Week ago 310.2 TINS Tuesday lis.ae Monday 116.94 Week ago 121.80 RUBBERS Tuesday 493.28 Monday 495.72 Week ago 488 89 OILS Tuesday 378.30 Monday 372.29 Week ago 376 28 DOW JONES AVERAGE INDUSTRIALS Tuesday 949.30 Monday 955.87 Week ago 935 3489 words
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Page 7 Advertisements
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Advertisement339 1976-11-25 7 > Yes, Penguin books are not to be found in any ordinary shop. N Qt n roa d*s»de stalls. Heavens, certainly not in the pasar malam! Because Penguin books are rather special. They are mind-stimulating, deeply researched, Wt entertaining in a wholesome way, highly educational BflL lj i i HTDj®339 words
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COMMODITY REPORTS AND PRICES
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Article624 1976-11-25 8 PRICES IN THE Singapore rubber market were marked down by half a cent at the opening and Ml further on lack of buying orders and long liquidation, until at the lower levels some shortcovering emerged and levels were maintained, dealers said. Lower grades for East European destinations were624 words
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Article85 1976-11-25 8 DAILY S8R and SMR price* at noon yesterday: R.A.8. Dae. (Carrot Mth) Jan. (Forward MU) Buyer. Mln far kg) Buyer* 3SR20 (1—ion Pallet) 190.00 191.006 191.00 192.00N SSR 50 (1-ton Pallet) 187.50 189.SON lat.so 190.S0N SMR5CV (1-ton Pallet) 221.50 222.50N 223.00 2M.OON SMR 5L (l-ton Pallet) 215.0085 words
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Article193 1976-11-25 8 THE Straits tin price in Penang yesterday fell 18.00 to close at 91.2a0.12H per plcul on an official offering up 10 tonnes to 230 tonnes. In LONDON yesterday, tin finished with losses of around £7 per tonne for Cash and £2 for Three Months in both contract*. Trade193 words
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Article28 1976-11-25 8 Bobber: Nor 24 Dee. 284.M (dowa 2.00 eta.) Malaysia: Dee. 281.75 (dowa 2.75 ets) Tin: 11,228.12 V* (down S8.00) Official offering: 230 to—— (op 10 ten-28 words
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Article79 1976-11-25 8 LONDON, Wed. Lead gained £4 per tonne for Cash and £3.25 for Three Months. The market showed a steadier tone on further small covering against recent physical sales. Three Months traded from £292 per tonne on the pre-market up to a ring high of £297. Sales were 1,375 tonnes.79 words
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Article127 1976-11-25 8 THE following Pmlm Oil price* were quoted in London on Tuesday. The price* are elf Rotterdam and are quoted in US dollar per lonf ton unlet* otherwise stated. Tuesday Pre*. Malaysia 5% ffa bulk Dec. Jan Feb Sumatra 5* Nov Dec Jan Feb Mar Mar Negerian 5% ffa127 words
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Article260 1976-11-25 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocoaut Oil: Bulk ITS nQni, old drum MO seller*. new drum MS sellers Cepra: Mixed (looee) UK/Cont 146 buyer*. nw! Muntok AST A white f.o.b. 100* NLW *317*. teller*. Sarawak white f.o.b. MM NLW 000 seller*. Sarawak special260 words
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Article353 1976-11-25 8 WITH New York closing sharply lower at U***** 00 per ounce, the Singapore Oold market followed suit yesterday and prices were at lower levels than on Tuesday. The metal opened and closed at 8131.60 per ounce trading within narrow limits. The tone was quietly firm and volume was moderate.353 words
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Article199 1976-11-25 8 LONDON, Wed. Copper wire bars softened by £1 per tonne for Cash and £1.50 for Three Months. An easier tone was evident on the pre-market where Three Months traded down to £800 per tonne under liquidation induced by an easy New York close and steadier sterling this morning. dealers199 words
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Article70 1976-11-25 8 LONDON, Wed. Zinc roee £2.75 per tonne for Cash and £2.50 for Three Months. The metal worked higher on scattered covering against European physical business which lifted Three Months from £380 per tonne In the pre-market to £389 in the ring. Sales were 1,550 tonnes. On Tuesday afternoon, zinc70 words
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Article196 1976-11-25 8 LONDON, Wed. 81lver softened by 0.6 to l.Op per troy ounce. Values tended higher in the pre-market but lower gold caused unsettlement in the ring, prices falling back under modest selling In rather thin trading to finish at 272.8p for Three Months. Carries formed the greater part of turnover196 words
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Article179 1976-11-25 8 LONDON, Wed. Robusta futures were barely steady during the opening call and losses ranged from £62 to £19. The Initial trade was In March at around 27 lower at £2,335. The decline continued In all positions and Mch declined further to £2,320 Jan traded down to 2,300. Dealers said179 words
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Article134 1976-11-25 8 BANGKOK, Wed. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok Loonaaln: Unchanged Parboiled: Unchanged Maize Unchanged In HONOKONO yesterday, the market was quiet with prices down 10 to 40 eenu per p»cul The day'* turnover totalled Ml tons comprising Thau 111. Kwangtungs 193,134 words
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Article187 1976-11-25 8 LONDON, Wed. Terminal opened fairly steady £0.00 to £0.90 below Tuesday's closing levels but up to £1 above the kerb cloee. Sales were 549 lots. Market sources said there was no fresh news but a few small buying orders coupled with lack of recent trade selling pressure was sufficient187 words
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Article105 1976-11-25 8 CHICAGO, Tues. Wheat futures closed with losses of 2Vt to cents a bushel, finishing above the lows of a narrow trading range. The low level of export Inspections and the strong competition faced by US wheat on the world market set a negative market tone before the opening. But105 words
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Article100 1976-11-25 8 CHICAGO, Tues. Soybean futures closed with losses of 14% to 10 cents a bushel, collapsing after driving IS cents above the day's earlier lows. Monday's late advance lacked follow-through on a lack of speculative buying interest and local profittaking brought an easier tone. Buying by an exporter lent some100 words
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Article63 1976-11-25 8 THE Malaysian Minister of Finance has fixed these rates for the period from Nov. 25 until further notice: Rubber 97 cts a lb. Copra $728 a ton. Palm kernel $235.25 a ton. The rates of duties payable are: Rubber 13 cts a lb. (Surcharge 0% cents a lb).63 words
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MONEY AND EXCHANGES
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Article540 1976-11-25 8 BTERLINQ held its level in Singapore yesterday' despite news that industrial action may be taken by British coal miners in support of early retirement. The market is waiting for the latest UK unemployment figures due shortly. Dealers said the future trend of the pound hinged greatly on these figures.540 words
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Article158 1976-11-25 8 Asian rate ASIAN currency deposit Interbank rata* u at cloae on Nov 24. US Dal Ofhr lan (9p««) BM 7 dajn 1 mtli Smtiu 3 mtlu iDthi 9mttu lSmthi 4 l/l 4 S/8 5 1/16 S 3/16 5 7/l« 5 VI 5 13/16 8w m. 4 3/4 4 1/S 4158 words
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Article47 1976-11-25 8 RANGE of price* o houaes on Nov X: ifferad by discount Overnight 1 to M Call depoait 1 to 9% 3-Month Treasurer btlte 1 21/8 3-Month Bank bllli 3 3/8 Sl/« 3-Month CD 37/18 3 5/16 6-Month CD 4 via 41/1* Source: National Discount Co47 words
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Article187 1976-11-25 8 Euro rates LONDON. Wed. Eurodollar deposit! opened unchanged and showed little movement In early trading, dealers said, with the market again dealing for Friday because of Tnur*day'a US Thanksgiving day closure. This same day dealing and a light rollover calendar made for quiet conditions with little speculative Interest, and most187 words
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Article283 1976-11-25 8 LONDON, Wed. Sterling traded at U551.0505/15 in early trading here, in line with its New York closing level but up on its $1.0400/75 London close. Trading was slow with the market calming lifter the volatility sparked late on Tuesday after the British Miners Union decision to ballot the membership283 words
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Article232 1976-11-25 8 NEW YORK, Tues. The dollar reversed the downtrend triggered by lower US Interest rates to close stronger on balance from Monday, dealers said. New York Federal Reserve Bank Intervened to support the dollar as continuing easiness In money market rates threatened to extend the previous sharp losses. The232 words
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Article116 1976-11-25 8 TOKYO, Wed. The dollar for overnight delivery closed lower at 295.15, against 295.50 at the opening and 295.60 at Monday's close. Dealers said the US unit declined as sales of dollar export bills by traders to Japanese banks rose after Import settlement needs subsided. Some foreign banks also sold116 words
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Article33 1976-11-25 8 HONOKONO banknotes quoted on Nov 24: US 4.72/4.74 UK 7.65/7.85 Burma 2.00/2.50 India 4.50/4.80 Indonesia 1.08/1.12 Japan 1.595/1.005 Korea 0.90/0.94 Philippines 0.58/0.60 Singapore 1.91/1.93 Malaysia 1.86/1.88 Brunei 1.88/1.90 Thailand 23.20/23.40 Taiwan 12.20/12.4033 words
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Article55 1976-11-25 8 THE Monetary Authority of Singapore (MAB) Invites banks and discount houses to tender for a total of: (a) $30 million 91-day Treasury bills to be issued from Nov 29 to Dec 3. (b) $20 million 182-day Treasury bills to be issued from Nov 29. Each Tender must55 words
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Article57 1976-11-25 8 Minimum lending rates (in ACBC a* Algemene Bank .6% Bangkok Bank ..7* Bank of America 6* Bank of China 7K Bank of Tokyo fl* Bank Negara First Chicago 6* Citibank 6* HSBC 7 Indosuez 9% Malayan Banking 6% Mitsui Bank 8* OCBC OUB 8* Chartered Bank .Wt Chase Manhattan W457 words
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Article40 1976-11-25 8 ZURICH exchanges quoted on Nov 23: US 2.4325-4335 UK 4.0030-0075 Can 2.4520-4540 W. Oer 101.33-40 Neth 97.30-38 France 48.75-78 Belg 6.62-1/4-83 Denm 41.44-47 Norw 46.55-58 Swed 58.11-15 Italy 0.2807-2810 Austria 14.26-28 Port 7.69-73 Spain 3.55-1/2-56 Arg 0.85-1.15 Japan 0.82-1/4-82-3/440 words
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Article50 1976-11-25 8 AUSTRALIA/NZ exchanges quoted on Nov 24: Australia: Sterling 0.7515/0.7437 US dollar 1.2364/1.2314 Ninety day air mall buying rates: Sterling 0.7861, US dollars 1.2644 Ninety day forward buying rates: Sterling 0.7621, US dollars 1.2119 New Zealand: Sterling 0.5884/0.5850 US dollar 0.9720/0.9620 Ninety day forward rate: Sterling 0.6342, US dollar 0.990850 words
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Article32 1976-11-25 8 FRANKFURT exchanges quoted on Nov 24. US 2.4030/45 Can 2 .4225/37 UK 3.965/980 Neth 96.00/15 Switz 98.65/80 Italy 2.770/785 France 48.17/32 Norw 46.01/05 Belg Com 6.+40/555 Belg Fin 6.542/552 Japan 0.8118/2532 words
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Article291 1976-11-25 8 LONDON, Wed Eurobonds traded mostly steady to a shade higher where changed, dealers said. Dollar Issues were steady to slightly firmer in moderate activity. In first time dealings, the Bouth of Scotland Electricity Board US$75 million 8-tt per cent bond due 1981 and priced at 99 traded around291 words
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Page 8 Advertisements
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Advertisement79 1976-11-25 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) ->Ǥ- BUSINESS TIMES Subscription Form Address:. Designation:. Payment tor is enclosed All subscriptions are payable in advance and should be79 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1556 1976-11-25 9 MICHAEL DONNE - HOW A NEW STRUCTURE PLANNED FOR BRITISH AIRWAYS DENOTES A VITAL CHANGE IN THE CORPORATION'S MANAGEMENT PHILOSOPHY By MICHAEL DONNE Financial Times THE REORGANISATION now In progress at British Airways is more farreaching than any development in U.K. civil aviation since the formal establishment ofFinancial Times - 1,556 words
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Article177 1976-11-25 9 AP. LONDON, Wed. A modest amount of chartering 1 was reported yesterday with 1 much of It being of a miscel- i laneous nature. Rates gene- 1 rally remained steady although there was evidence of a softer tone for < North American grain loaders. USAP. - 177 words
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660 1976-11-25 9 STEPHEN AUG - By STEPHEN AUG NYT. A FEDERAL Grand Jury investigation into possible antitrust violations by some of the biggest steamship concerns involved in the North Atlantic trade has run Into difficulty because of strong opposition by six European nations. As a result, subpoenas issued thisNYT. - 660 words
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Article, Illustration305 1976-11-25 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bright (3EFS) (2300 39 Bunga Or kid (D/L) (0300 after Trinidad) 33/34 England Maru (JJLH) (1900 draft 9m) 42/43 Eugenia "M" (0500 Draft 9.2 m) 15/16 Oreen Lotus (3FWL) (0700 after Talyo Maru) 26 Hungsla (HPIT) (0200 after Klnkaaan Maru) 44 Klkushlo Maru305 words
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Article542 1976-11-25 9 ARRIVALS Service Operator Number Time From OA OA472 0035 8YD SAS SK988 0700 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP OLA QA980 1030 HLP OIA OA 980 1100 MES PAL PR501 1115 MNL SIA SQ201 1200 HLP SIA SQ240 1205 MES OIA OA895 1215 AMS/FRA/542 words
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Page 9 Advertisements
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Advertisement100 1976-11-25 9 in/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2. fi i I Wfe're to banking what our namesake is to geography. Strength. Security. Permanence. These attributes describe our namesake. And symbolize Rainier National Bank's growing full-service international network. We're a bank with worldwide expertise.100 words
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Article, Illustration961 1976-11-25 10 GEORGE GEDDA - MR JIMMY Carter is busy choosing the men who will run the world's most powerfill country, and the biggest guessing game is: who will get which jobs? Without engaging in fruitless speculation, it is certain that the man who will most beAP - 961 words
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Article, Illustration568 1976-11-25 10 ANDREW WALLER - By ANDREW WALLER Reuter. RELATIONS between Syria and Its main arms supplier, the Soviet Union, have cooled this year as a result of the Damascus Government's military intervention In the Lebanese crisis. Moscow rebuked Syria for its involvement. Syrian Foreign Minister Abdel-Ha-ltm KhaddamReuter. - 568 words
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Article, Illustration979 1976-11-25 10 HENRY BRADSHER - By HENRY BRADSHER NYT DIPLOMATS at the United Nations are working on a way to get Bangladesh out of a dead end in argument with India Involving conflicting economic Interests in one of the world's poorest regions. But they are notNYT - 979 words
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Page 10 Advertisements
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Advertisement92 1976-11-25 10 A wealth of answers to scientific phenomena ijii; science lIKKAItV A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human92 words
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165 1976-11-25 11 Indonesia- our fourth largest partner INDONESIA is Singapore's fourth largest trading partner, according to statistics released recently by the Bank of Indonesia in Jakarta. These show that the total trade between Singapore and Indonesia last year came to about $2 billion. Singapore's top three trading partners are the United States,165 words
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Article87 1976-11-25 11 A GROUP or businessmen from Illinois will be in the Republic next month to look into the possibility of establishing distribution outlets in the region for their companies' products. Representatives of nine leading manufacturers will take part in the Industrial Process Controls and Instrumentation Exhibition87 words
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Article82 1976-11-25 11 WORK at one of Singapore's largest private apartment housing projects, Maryland Park, has continued despite the recession. although at a reduced pace. Since the project began in 1973, two blocks of 72 apartments each have been completed and have received temporary occupation licences while82 words
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Article37 1976-11-25 11 AP. BANGKOK, Wed. A national bank for foreign trade was officially Inaugurated In Saigon yesterday to expand the scope of trade between Vietnam and foreign countries, the Voice of Vietnam said from Saigon today. AP.AP. - 37 words
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330 1976-11-25 11 THE world's oldest bank made Its debut In Singapore yesterday when Monte del Paschi of de Siena of Italy opened its South-east Asian representative office here "to strengthen our presence In world financial markets." Founded in 1472 20 years before Italian explorer Christopher330 words
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Article37 1976-11-25 11 AP. TOKYO, Wed. A Chinese trade delegation led by Mr. Hsi Yeh-sheng, departmental director of the Foreign Trade Ministry, left Peking by air yesterday for a visit to Bangladesh, the Chinese Hslnhua news agency said.AP. - 37 words
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Article133 1976-11-25 11 AP. SEOUL. Wed. Japan overwhelms other foreign countries in equity Investment In South Korea with US$4l5 million (SSI.OI billion), or 64 per cent of foreign investment totalling $644 million, government statistics showed today. The United States was the runner-up with $153 million, 23.8 per centAP. - 133 words
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1450 1976-11-25 11 THE Ministers of the Association of Natural Rubber Producing Countries (ANRPC) will assemble In Jakarta today to sign the first international agreement on the commodity. The signatures of the ministers from Indonesia, Malaysia, Singapore, Sri Lanka and Thailand will put the International Natural1,450 words
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Article, Illustration315 1976-11-25 11 Reuter WASHINGTON, Wed. President-elect Jimmy Carter told a news conference he and Federal Reserve Board chairman Arthur Burns have reached agreement on a six per cent national economic growth rate next year. Mr. Carter, who met Dr. Burns on Tuesday, said the Fed Chairman hadReuter - 315 words
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Article287 1976-11-25 11 NYT. WASHINGTON, Wed. A United States proposal for a large package of help for Portugal Includes a new concept In international financial rescue packages that the International Monetary Fund (IMF) administer and manage a fund of about US$ 1.5 billion (553.6 billion) to be providedNYT. - 287 words
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Article355 1976-11-25 11 Reuter MEXICO CITY, Wed Mexico's battered peso currency has recovered some of its lost strength, giving slight relief to the nation's economic gloom. But the recovery was threatened by the possibility of fresh wage demands from labour unions, and by protests against government land confiscationReuter - 355 words
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Article123 1976-11-25 11 AP. WASHINGTON, Wed. Secretary of State Henry Kissinger and Philippine Foreign Secretary Carlos Romuio met yesterday and made further progress toward a new agreement governing US bases In the Philippines, State Department officials said. Officials were unable to say whether a new agreement would beAP. - 123 words
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Article82 1976-11-25 11 Reuter. PARIS, Wed. French car production rose to 279,536 private and commercial vehicles In October, 1.8 per cent higher than for October 1975, the Car Manufacturers Association said. Output for the first 10 months of the year grew 16.5 per cent over the year-ago period toReuter. - 82 words
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222 1976-11-25 11 AP PARIS. Wed. The United States, West Germany and Japan have promised to take adequate reflationary measures to halt the current slowdown in the Western economies, it was announced here yesterday. Sir Douglas Allen of Britain, chairman of the economic policyAP - 222 words
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Article65 1976-11-25 11 ABOUT $1.5 million worth of diamonds are being exhibited at the 12-day Antwerp Diamond and Jewellery Show which opened yesterday at the Indonesia Room in the Singapore Hilton Hotel. The show features rings, brooches, necklaces, earrings and costume Jewellery set with diamonds, as well as diamond Investment65 words
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380 1976-11-25 11 UPI ROME, Wed. Premier Olulio Andreottl's shaky government, going nowhere In Its fight against Inflation and plagued by public sector strikes, has changed Its mind once again on how It should carry through Its unpopular salary freeze. The Christian Democratic minority Government, whichUPI - 380 words
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Article116 1976-11-25 11 AP. WOLFBBURQ (West Germany), Wed. Representatives of Volkswagen are visiting Iran to study possibilities of assembling passenger cars In that country, a spokesman for the West Germany automotive company said yesterday. The team Is conducting talks with an unnamed party that has a licence from theAP. - 116 words
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Article, Illustration825 1976-11-25 11 NYT NEW YORK, Wed. In the final weeks of Mr. William Simon's tenure, the Treasury Department Intends to decide a highly technical tax dispute Involving hundreds of millions of dollars in higher taxes on multinational corporations. The multinationals have the choice of swallowing aNYT - 825 words
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Page 11 Advertisements
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Advertisement500 1976-11-25 11 APPOINTMENTS SALES ENGINEER Singapore subsidiary of USA manufacturer of specialized equipment for petro-chemical industries seeks person with some direct sales experience to process industries. Degree in chemical engineering or mechanical engineering plus technical experience in refineries will be helpful but not essential. Some travel throughout SEA will be involved from500 words
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Article, Illustration453 1976-11-25 12 KUALA LUMPUR, Wed. Malaysia had proposed to the United Nations Law of the Sea conference that all ships using narrow straits have compulsory Insurance coverage, the Dewan Rakyat was told today. Law Minister Tan Sri Abdul Kadlr Yusof said the new article453 words
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Article378 1976-11-25 12 AP THE National Development and Communications Minister yesterday said that the Concorde will be allowed to land on the new airport at Changi when it is completed. Replying to a question, the Minister also said that Changi will become operational in the latter part ofAP - 378 words
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Article738 1976-11-25 12 LONDON Wed The stock market closed basically steady after a quiet session. At 3 p.m., the Financial Times Index was up 0.6 at 300.9. Initially, equities were lower in reaction to the coal miners' decision to ballot members for Industrial action to back their claim for early retirement.738 words
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Article137 1976-11-25 12 TWO Singapore shipyards plan to set up drydocks in Indonesia, following a new ruling on ahip-repair by the Indonesian Government. They are presently negotiating with the Indonesian authorities to set up drydocks there in an effort to continue securing business from Indonesia, now that vessels137 words
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Article74 1976-11-25 12 THE Estate Duty (Admendment) Bill was one of four bills passed by Parliament yesterday. The bill seeks to encourage the Asian dollar market by exempting non resident Investments In the market from estate duty. Specifically, non-resi-dent deposits with ACUs and approved Asian dollar bonds held by74 words
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Article40 1976-11-25 12 SINGAPORE Slipway and Engineering has won a $6.5 million contract from Petro-Chemlcal Industries Corporation of Burma, to bulid 14 oil barges. The 500-tonne barges, when completed next year, are to be used for carrying oil up Burmese rivers.40 words
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550 1976-11-25 12 AIRCRAFT, SHIPBUILDING INDUSTRIES Reuter. LONDON, Wed. Britain's Labour Government declared today it will drive ahead with the controversial bill to nationalise aircraft and shipbuilding Industries, despite bitter and possibly fatal opposition In Parliament. The Government said It will go ahead with another proposalReuter. - 550 words
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717 1976-11-25 12 HUME Industries (Far East) will once more walk off with the award for the best annual report at tomorrow's prlze-glvlng dinner at the Shangri-La Hotel here. This means that Hume has won the prize, awarded jointly by the Singapore Institute of Management and the717 words
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Article152 1976-11-25 12 THE Financial Procedure (Amendment) Bill was yesterday passed through all stages of Parliament yesterday on a certificate of urgency. The Finance Minister said that It was necessary to rush this Bill through In order that the necessary administrative requirements can be met, and the prescribed budget152 words
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Article694 1976-11-25 12 NYT. NEW YORK, Wed. Throughout periods of controversy, those who ran the Observer would often print and reprint the motto that was emblazoned across the very first Issue of the Observer on Dec 5,1791. The paper, the motto declared, would be, unbiased by prejudice, uninfluencedNYT. - 694 words
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196 1976-11-25 12 THE World Bank will provide US$25 million (8*62.5 million) loan for the Ministry of Law and the Environment incinerator at Toh Tuck Road, and this will provide part of the financing for the project which carries a total bill of 185 million. The196 words
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224 1976-11-25 12 MR. Ling Dlung Sing, general manager of the sevennation International Cooperative Trading Organisation (Icto) based In Singapore, following discussions with local manufacturers In the Republic, will be leaving for Malaysia to discuss with manufacturers there the possibility of their supplying two major co-ope-ratlves224 words
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361 1976-11-25 12 THE efforts of the Government afid private enterprise In developing countries can bear more fruit if the developed world refrains from protectionist tendencies and offers preferential treatment to the exports of developing countries. This was stated by Mr. Ong Soo Chuan, Parliamentary Secretary361 words
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Article84 1976-11-25 12 THE "Rolex Award for Enterprise", with $250,000 worth of prizes, will be launched here on Friday. It has been billed as the most ambitious scheme ever to be undertaken by a watch manufacturer. Rolex Invites entrants to submit projects Involving exploration and discovery, applied sciences and84 words
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Advertisement71 1976-11-25 12 IhankJ&u The Chairman, Danilo Verzili and Board of Directors, Loris Scricciolo Rodolfo Brizzi Fazio Fabbrini Allirio Faleri Buonaventura Orlandini Luigi Romboli Sergio Zoppi Renato Lunghetti Carlo Luigi Turchi Giulio Cesare Mazzi Chief Executive General Manager, Giovanni Cresti Vice Central Manager, P. Leone MONTE I)KI instill IMSIEVV thank you for your71 words
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