The Business Times, 26 November 1976
1976-11-26
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12
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The Business Times
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Title Section10 1976-11-26 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, NOVEMBER 26. 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article73 1976-11-26 1 With royal blessing UPI BANGKOK, Thurs. King Bhumibol AdulyadeJ today gave his official blessing to the new National Assembly beginning the restoration of an experiment In Democracy which ended in a military coup d' etat on Oct. 6. In a five-minute appearance before the 340member assembly appointed last week, theUPI - 73 words
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Article77 1976-11-26 1 Reuter JAKARTA, Thurs. The Indonesian state-owned Pertamlna oil company has opened a tender for the construction of a 110 km gas pipeline from Jatibarang to Clkampek in West Java, a spokesman for the company announced last night. The tender, which was opened last Monday, has attractedReuter - 77 words
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Article64 1976-11-26 1 AP MANILA, Thurs. Indonesia and the Philippines are seeking to tighten co-operative policing of their border against smugglers, drug traffickers, illegal fishermen, infiltrators and criminal and subversive elements, Government sources said today. The sources said their closed-door discussion, in its third day In Davao City, 960AP - 64 words
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Article49 1976-11-26 1 Reuter BANGKOK, Thurs. Japanese envoys from South-east Asian countries met senior Japanese Foreign Ministry officials here today for talks on Japan's relations with members of Asean. The possibility of instituting machinery for consultations between Japan and Asean was believed to be among topics for discussion.Reuter - 49 words
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Article68 1976-11-26 1 UPI TOKYO, Thurs. Former Premier Kakuei Tanaka will go on trial on Jan 27 on charges that he received 500 million yen (553.9 million) from Lockheed Aircraft Corp., the Tokyo district court said today. Mr Tanaka, who was Japan's prime minister between 1972 and 1974, was specificallyUPI - 68 words
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Article78 1976-11-26 1 KUALA LUMPUR, Thurs. The Government is still waiting for a report from the Malaysian Charge d'Affaires in Paris, Mr B. Rajaram concerning the detention of the Misc vessel, Bunga Tan Jung by the Portuguese authorities, an official of the Ministry of Foreign Affairs said here today.78 words
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Article41 1976-11-26 1 Reuter BONN, Thurs. Indonesia favours a compromise on oil price rises within the Organisation of Petroleum Exporting Countries (Opec) and does not want a confrontation with the industrial states, a top Indonesian Government aide said today. Reuter.Reuter - 41 words
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Chief Price Changes
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Article, Illustration191 1976-11-26 1 THE tussle over the composition of the Sime Darby board depressed sentiment further at the Stock Exchange of Singapore yesterday and shares lost more ground. Sime was badly hit to shed 16 cents to $3.06. The losses caused the Business Times index to drop 2.57 points to191 words
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Article108 1976-11-26 1 Foils Most active Patallng t< Dnnl#<n» Haw Par 135,000 $2.47 $6.25 -.21 -.15 Slme Darby 128,000 M. Banking U.O.B Central Sugars 78,000 53,000 Slme Darby Esso ord *3.16 $1.67 -.12 -.10 0.93 M O C.B C. $7 60 10 Total Turnover: DBS. $3.60 -.06 Total Value: M$1.86108 words
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884 1976-11-26 1 Quak Peck Lim - RE-ELECTION OF FOUR DIRECTORS By Quak Peck Lim PERNAS Securities last night defended Itself against the Sime Darby board's Innuendoes that it is the sole opponent against the re-election of four Incumbent directors to the board. It claimed In a statement that the opposition884 words
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Article686 1976-11-26 1 SIME Darby shareholders have until noon Dec. 10 to decide who should win the power struggle now on at Sime. They have been asked to decide whether four incumbent directors should continue to serve on the board, or If three nominees put up by686 words
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Article446 1976-11-26 1 THE Slme Darby board received another blow to Its unity yesterday when the third director out of the four proudly named In the board's circular as being reflective of the "adequate appreciation by the board of the national and regional environments in which the Slme Darby446 words
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205 1976-11-26 1 THE Prime Minister, Mr. Lee Kuan Yew, said last night that the NTUC Welcome supermarkets have been a useful defence mechanism against profiteering. Opening the seventh supermarket In the Welcome chain at Tanjong Pagar Plaza, he said that there is now a network to check205 words
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165 1976-11-26 1 KUALA LUMPUR, Thurs. A three-party Joint venture Involving Malaysian raw materials and technology and financing by the Saudi Arabian Triad Holding Corporation was discussed between Primary Industries Minister Datuk Musa Hltam and Triad head, Dr. Adnan Khashoggl here today. The third party would be countries165 words
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Article40 1976-11-26 1 BEIRUT, Thurs Commanders of the Arab Peace Force today delayed a decision to send token forces farther south toward the Israeli border In the hope of assurances such a> move would not result In Israeli military retaliation.40 words
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281 1976-11-26 1 OPENING the 5th AseanCCI council meeting yesterday in Singapore, Finance Minister Mr. Hon Sui Sen •aid that progress has been made, especially in laying the foundation for economic integration in the region. He described foundation work as the laying of a basic infrastructure281 words
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509 1976-11-26 1 Reuter TOKYO, Thurs. The Transport Ministry today Issued Instructions to the Japanese shipbuilding Industry to curtail operations to cope with the slump in world demand for ships. A Ministry spokesman said 40 shipbuilding companies had been told to cut back their operatingReuter - 509 words
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Article92 1976-11-26 1 Reuter QENEVA, Thurs. Israeli Prime Minister Yitzhak Rabin said here today he expected Intensive efforts next year to bring peace to the Middle East. Mr. Rabin told reporters on arrival for an International socialist congress he planned to hold several private meetings with leaders of the 59Reuter - 92 words
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Page 1 Advertisements
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Advertisement36 1976-11-26 1 Gel advanced copying technology. INSIDE Overseas news/ TV ft Radio Overseas news Feature* Local Co news International Co news Local stocks Overseas stocks Commodities Transport A Communications Features Local ft Overseas news Local ft Overseas news36 words
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Advertisement92 1976-11-26 1 for qualm ifts i Selangor Pewter has long been admired by connoisseurs the world over for its elegance and beauty. Individually handcrafted from 97% lead free Straits refined tin,the beauty of quality pewter never dates. Functional as it is decorative, Selangor Pewter is the ideal gift. Selangor Pewter the world's92 words
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Advertisement97 1976-11-26 1 GO WITH SINTAT DIPLOMACY Singapore *****3, *****5 (A»port) Kuala Lumpur *****/7 Penang ***** mmm ww m 1 1 m finance, be added. See Page 12. Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group,97 words
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OVERSEAS
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Article177 1976-11-26 2 Reuter NEW YORK, Thurs. Britain may pattern any solution to the sterling balances problem on the 1968 Basle agreement, Morgan Ouaranty Trust said In its world financial markets review. Under the agreement, 12 Industrialised countries and the Bank for International Settlements provided a USS2 billionReuter - 177 words
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Article63 1976-11-26 2 Reuter LONDON, Thurs Under a modified trading procedure for London cocoa futures. Implemented yesterday for a one month's trial period, only one market representative per floor member may trade at any call during the day, a spokesman for the London cocoa terminal market said. Previously two representativesReuter - 63 words
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Article32 1976-11-26 2 UPI CAIRO, Thurs. A sandstorm hit the Suez Canal zone yesterday, halting navigation in the waterway which links the Mediterranean and Red Seas, a spokesman for the canal authority said. UPI.UPI - 32 words
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529 1976-11-26 2 TO THE DISCOUNT MARKET Reuter LONDON, Thurs. The Bank of England gave exceptional assistance to the discount market for the third consecutive day to counteract a persistent shortage of funds, aggravated yesterday by heavy tax payments, money markets sources said. The bank bought overReuter - 529 words
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Article105 1976-11-26 2 Reuter LONDON, Thurs. Mr. Charles Churm, a miner's union branch secretary In Yorkshire, estimated about 90 per cent of Yorkshire's 65,000 miners will back their union leaders and vote for Industrial action In the ballot over early retirement. A National Union of Mlneworkers spokesman hereReuter - 105 words
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Article28 1976-11-26 2 UPI ISLAMABAD, Thurs. Canada and Pakistan signed here yesterday four memoranda of understanding on technical assistance estimated at C 57.5 million (5518.5 million) officials said. UPIUPI - 28 words
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241 1976-11-26 2 Reuter WASHINGTON, Thurs. The Anglo-French Concorde supersonic airliner has soared Into popularity with the flying public In Its first six months of transatlantic operation, British Airways and Air France reported yesterday. But the aircraft Is still Involved In legal wrangling over noise complaints, and ItsReuter - 241 words
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Article195 1976-11-26 2 AP PARIS, Thurs. Industrialised and developing countries at the deeplydivided conference on international economic cooperation met late Into last night, discussing whether or not It was advisable to postpone the ministerial meeting planned for next month. "The word postponement has been mentioned in every discussion I'veAP - 195 words
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Article, Illustration288 1976-11-26 2 AP BRUSSELS, Thura Mr Moahe Dtyaa (above), Israel's former Defence Minister, said yesterday that Israel should use force if necessary to prevent terrorists from going to Southern Lebanon and keep Syria from building military installations there. "It's not that we don't wantAP - 288 words
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Article89 1976-11-26 2 Reuter AMSTERDAM, Thurs. The fall In money market rates this week and the weakness of the mark against the guilder indicate that the Dutch bank rate may be cut shortly, banking sources said. The gradual decline of money market rates In re- cent weeks has led toReuter - 89 words
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395 1976-11-26 2 UPI OTTAWA, Thurs. Prime Minister Pierre Trudeau yesterday told Canadian* they must immediately face the "brutal" question of whether the French speaking can feel at home across the country or only In the f rovlnce of Quebec which ast week elected a separatist government.UPI - 395 words
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302 1976-11-26 2 Reuter BUCHAREST, Thurs. Soviet and East European communist leaders meet here today to map out the political strategy of their Warsaw Pact military alliance for the next two years. The gathering of Communist Party and Government chiefs, formally a session of the Pact'sReuter - 302 words
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108 1976-11-26 2 Reuter LILLE, Thurs. The European textile industry may have to lay off 1.4 million of Its four million employees unless urgent measures are taken to Improve the industry's competitiveness, Mr. Renaud Glllet, president of Rhone-Poulenc SA, said. He told a pressReuter - 108 words
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235 1976-11-26 2 AP TOKYO, Thurs. Japan has offered to make some concessions, Including larger Import quotas for processed agricultural products, In an effort to counter possible protectionist moves at next Monday's European Economic Community (EEC) summit, Government sources reported today. A major Japanese newspaper calledAP - 235 words
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Article, Illustration883 1976-11-26 2 NYT JEDDAH (Saudi Arabia), Thurs. The pattern of life has been changing in this wealthy desert kingdom since King Khalld succeeded his murdered brother, King Faisal, last year. It has grown more complex, more swift, In some ways more harsh. King Faisal wasNYT - 883 words
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Article508 1976-11-26 3 Reuter CARDIFF, Thurs. Saudi Arabian Oil Minister, Sheikh Zakl Yamanl said the world cannot afford a drastic Increase In world oil prices. Such an Increase would cause world recession from which all would suffer, he said In reply to questions after a lecture at the UniversityReuter - 508 words
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426 1976-11-26 3 UPI KUWAIT, Thurs. With less than a month to go before the Organisation of Petroleum Exporting Countries meets to fix world oil prices, Arab oil ministers are no closer to agreement on how big the price hike should be. The ministers ended aUPI - 426 words
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Article67 1976-11-26 3 Reuter MANILA, Thurs. The Philippines approved about US$45O million (8)1,080 million) worth of foreign Investment between March 1973 and the end of September this year, according to the latest central bank report. The United States and Japan provided the major portion, with about half of the totalReuter - 67 words
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321 1976-11-26 3 FRANKFURT, Thursday Reuter THE Vice-President of the Bundesbank, Mr. Otmar Emmlnger, says there are clear signs that Germany's economy Is picking up after the summer lull. Mr Emmlnger said new orders, especially for domestic Investment goods, went up in July, August andReuter - 321 words
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497 1976-11-26 3 Oil price rise likely to put pressure on Reuter FRANKFURT, Thurs. German currency dealers and economists believe next month's expected decision by Opec to raise oil prices at the beginning of next year is likely to be more harmful to the dollar than the mark. An oil price rise InReuter - 497 words
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174 1976-11-26 3 Reuter TOKYO, Thurs. United States economist Qunter Dufey said Japan Is too cautious In Its approach to Internationalising the use of the yen. Mr. Dufey, professor at the University of Michigan's Graduate School of Business Administration, told a seminar for journalists that Japanese exportersReuter - 174 words
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Article143 1976-11-26 3 Reuter MEXICO CITY, Thurs. Mexico's peso has rallied to its strongest position against the dollar for nearly a month despite antigovernment strikes throughout the north and the threat of fresh labour disputes. At the close of private dealing last night, the peso had moved up 8.3 perReuter - 143 words
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752 1976-11-26 3 JAMES FOLEY - By JAMES FOLEY Reuter NATO strategists fear that the massive Soviet debt to the West might be "politicised" and East-West tension accordingly heightened. They are becoming increasingly worried that money-lending might be used by either Russia or Nato countries as a leverReuter - 752 words
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134 1976-11-26 3 Reuter WIESBADEN. Thurs. Provisional Bundesbank figures show West Germany had an October payments surplus on current account of 1.70 billion marks compared with September's 2.30 billion. The provisional surplus for January to October stands at around 6.2 billion marks compared with last year'sReuter - 134 words
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127 1976-11-26 3 Reuter BOSTON, Thurs. The director of the Massachusetts Port Authority (Massport) said yesterday that he expects US Government approval within six months of a foreign trade zone In the Boston seaport. Mr. David Davis, executive director, said the zone would be located on aReuter - 127 words
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234 1976-11-26 3 UPI WASHINGTON, Thurs. President Ford'a economic staff yesterday asked for a study of National Steel Corporation's six per cent price increase in sheet steel products which are basic to production of cars and household appliances. A spokesman for the Price StabilityUPI - 234 words
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Article65 1976-11-26 3 Reuter HONGKONG, Thurs Hongkong had a visible trade deficit In October of HKS2I4 million, compared with a surplus of HKSIO3 million in September and a deficit of HKSSS3 million In October last year, Srovlslonal Census and tatlstlcs Department figures show. Exports and re-exports fell to HK53.73 billionReuter - 65 words
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394 1976-11-26 3 AP NEW YORK, Thurs. Liggett Group Inc., the diversified international tobacco and liquor concern, disclosed yesterday it has made US$lB2,OOO (*****,000) in, questionable foreign payments since January 1971. The payments were revealed in a voluntary selfaudit conducted by Liggett this fall. The results were sentAP - 394 words
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Article144 1976-11-26 3 UPI LONDON, Thurs One In every 14 workers in private enterprise manufacturing In Britain is employed by an American-owned company, a study by the University of Manchester showed yesterday. In some parts of the north-west, however, the concentration of Americanowned companies Is such that every otherUPI - 144 words
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Page 2 Advertisements
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Advertisement175 1976-11-26 2 Be FORTUNE FORTUNE is essential reading for 615,000 of the world's most influential executives. Each month, FORTUNE explores the future, offering look-ahead information on economic trends, corporate strategy, multinational business, management methods, the outlook for investments, and the new technology. To subscribe to 18 issues of FORTUNE at a special175 words
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Page 2 Miscellaneous
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Miscellaneous382 1976-11-26 2 WEATHER report for 24 hours prior to 7.30 p.m. on Nov. 25 at Singapore airport. Maximum temperature 30.1° C Associated humidity 63 Minimum temperature 23.5° C Associated humidity 98 Hours of sunshine 3.10 Rainfall in millimeters 1.0 Total rainfall for the month 245.1 Total rainy days for the month 18382 words
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Page 3 Advertisements
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Advertisement186 1976-11-26 3 One source of expertise and supply, one source of service... for the building construction and engineering industries of Singapore. Co-ordination is extremely important in the planning and construction of any modern building it can mean savings of both time and money and can avoid the inconvenience of having to contact186 words
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COMPANY NEWS
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389 1976-11-26 4 THE past financial year has been a "turning point" for Toshiba (Malaysia), particularly with the favourable performance of Its subsidiary Sun Electronics. The group achieved a 57 per cent Increase in pre-tax profit to MS 1.35 million for the year ended June 1976. Group profit389 words
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Article54 1976-11-26 4 INCHCAPE Berhad is paying an unchanged Interim dividend of five per cent for the current year ending Dec 31, 1976. The dividend and the half-yearly Interest on Its 9% per cent convertible unsecured loan stock 1971/81 will be paid on Dec 31. Books will be closed from Dec54 words
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Article49 1976-11-26 4 COLD STORAGE HOLDINGS Group pretax profit was $9.79 minion ($9.28 million) for the halfyear ended July 31, 1976. Turnover was $87.6 million ($BO million). Tax was $3.32 million ($3.33 million), exceptional debit $949,000 (nil), leaving $5.53 million ($5.95 million). Interim dividend 5.75 Malaysian cents (5.6 Singapore cents).49 words
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Article368 1976-11-26 4 IMPROVED prices and the profit from the forward sales of rubber have almost doubled pre-tax profits at Patani Para Plantations from £66,375 to £121,011 for the year ended March 31, 1976. Patani Para Plantations, incorporated in London and managed by Sime Darby Plantations, is Involved368 words
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Article87 1976-11-26 4 Reuter SYDNEY, Thurs. Bridge Oil and Offshore Oil said they have selected a location for a third well on the Sliver Springs structure. The well Is expected to spud In today and will be drilled to a depth of about 1,920 metres. It Is located 1.5 south-east 3fReuter - 87 words
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Article33 1976-11-26 4 FRANKFURT, Thurs. The 30 million mark fiveyear private placement on behalf of Fuji Heavy Industries carries a seven per cent coupon and par pricing, banking sources said. Lead manager Is Bayerlsche Verelnsbank.33 words
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Article327 1976-11-26 4 Current Ex Date Total far Total for payment Date payable theyear previoua Year Hongkong Land 2.2* Oct. 19 Nov. 27 2.2* 5.8* Kuala SkUm 5* Nov. 10 Nov 29 5* 5* S.B.S. 12* No*. 4 Nov. 29 12* 12* Rothmam 20* Oct. 13 Nov 30 20* 17.5* U.O.L.327 words
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617 1976-11-26 4 NYT NEW YORK, Thurs. A few years ago Mr. Robert O. Anderson, chairman of the Atlantic Richfield Co. learned that Sinclair oil was being threatened by an unfriendly takeover attempt. He Immediately called the head of Sinclair and told him that if he needed help, AtlanticNYT - 617 words
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1428 1976-11-26 4 FT THE worldwide underwriting results of British Insurance companies for 1975 taken at face value present a picture of unrelieved gloom. An overall loss of £175 m. was reported 4.2 per cent of premiums compared with a deficit of £117 m. InFT - 1,428 words
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Article106 1976-11-26 4 UPI SEOUL, Thurs. Australia's Hamersley Iron today signed a contract with South Korea's Pohang Iron and Steel Co. (POSCO) providing the Korean firm with 27 million tonnes of Iron ore over a period of 17 years and three months. The contract was signed by D.S. Stewart, Hamersley president, andUPI - 106 words
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Article1134 1976-11-26 4 On November 24 PRICES on the Chicago Board Options Exchange on Wednesday were mostly higher. Gainers topped losers 317 to 122. Volume approximated 63,393 contracts, off from 63,863 on Tuesday. OPTION JAN APL JLY STOCK Alcoa 45 8 3/8 NOL NOL 53 1/2 Alcoa SO UNTRD 51,134 words
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COMPANY MEETINGS
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Article23 1976-11-26 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 1976-11-26 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 1976-11-26 4 Nov 26, 12 noon, at Ulu Tlram Estate In Johore, Malaysia.14 words
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Article17 1976-11-26 4 Nov 27, 12 noon, 5-E Poh Chong Building, 66 Jalan Ibrahim, Johore Bahru.17 words
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21 1976-11-26 4 Nov 30, 10 a.m.. Registered Office, Penthouse, 10th Floor, Wis ma Central, Jalan Ampang, Kuala Lumpur.21 words
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Article18 1976-11-26 4 Nov 30,10.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central,' Jalan Ampang, Kuala Lumpur.18 words
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Article15 1976-11-26 4 Nov 30, 11 a.m. Registered Office, Sungel Way Brewery, Petallng Jaya, Sel&ngor.15 words
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Article249 1976-11-26 4 INTERNATIONAL Computers Limited (ICL) of the UK has set up a computer ,n Malaysia as r Mut. The company sees substantial potential and sales of computers to Malaysian Industry and commerce. The new company, International Computers (Malaysia), will have a paidup capital of M 550,000249 words
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778 1976-11-26 4 Carl Zeiss Jena East Germany's No. 1 company FT BERLIN, Thurs. Carl Zeiss Jena is probably East Germany's most famous company (not to be confused with Carl Zeiss, the West German company). According to its general director, Wolfgang Blermann, It is also East Germany's biggest, with a workforce of 40,000FT - 778 words
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Article68 1976-11-26 4 NEW YORK, Thurs. Union Carbide said It plans to offer US$2OO million of debentures In December through an underwriting group led by Morgan, Stanley. The debentures will mature in 2006 and be nonrefundable prior to Dec 15, 1986. A sinking fund commencing in 1987 Is calculated to retire68 words
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Page 4 Advertisements
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Advertisement154 1976-11-26 4 Let Avery Scales safeguard your profits AVERY 3213 GUARANTEES ACCURATE REPETITION WEIGHING. m mmm u m mm m 1 HIE Perfect for check weighing! (Crumb rubber, oil, cement, bales, containers). Capacity 250 kg. (500 lbs.). Platform size 610 mm x 610 mm (24" x 24"). Portable made to last. British-built154 words
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INTERNATIONAL COMPANY NEWS
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Article172 1976-11-26 5 UPI CINCINNATI, OHIO, Thurs. Procter and Gamble, one of America's bigrest producers of laundry detergents, has announced development of a material It said "can pave the way toward further reductions In the amount of phosphate used in laundry detergents." The company said that InUPI - 172 words
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800 1976-11-26 5 NYT NEW YORK, Thurs. Two major steelmakers announced yesterday that they would raise the price of sheet steel used by the automobile, appliance and construction Industries by about six per cent on Dec 1. The move by the National Steel Corp. The nation's fourthNYT - 800 words
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Article580 1976-11-26 5 STEVEN AUG - By STEVEN AUG NYT CASTLE and Cooke, the big Honolulu based banana company, has slipped badly on guess what? Bananas. The company, In a six paragraph letter to Its shareholders, recited a series of woes related to the vagaries of trying to raise bananas in theNYT - 580 words
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Article123 1976-11-26 5 Reuter KUWAIT, Thurs. Negotiations for the Saudi Arabian Government's takeover of the Arabian American Oil Company (Aramco) are complete and awaiting the ratification of the kingdom's Supreme Oil Council,.Saudi Oil Ministry under-secretary Abd el-Aziz Al-Turki said. The official representatlng Saudi Arabia at a conference here ofReuter - 123 words
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Article162 1976-11-26 5 Reuter SYDNEY, Wed. Ampol Petroleum has suffered a seven per cent fall in net profit to A 58.75 million from $9.41 million in the year ended Sept 30, 1976. The profit Is before extraordinary items and share of associates' earnings. Profit from all sources showed a 4.5Reuter - 162 words
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Article1125 1976-11-26 5 NYT MINNEAPOLIS. Thurs. Internal struggles for control of giant corporations generally take place behind closed mahogany doors. However, one such battle Involving an unsuccessful attempt to remove the 78-year-old founder of Oamble-Skogmo a US$l.55 billion merchandising giant recently burst into public view. This blzarree struggle hasNYT - 1,125 words
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381 1976-11-26 5 FT LONDON, Thurs. Shell Chemicals has taken the long-awaited first step tobuilding an ethylene cracker as part of a new £240 million chemical comEc at Ellesmere Port. It also authorised a £25 million modernisation scheme at Carrlngton near, Manchester. The decision to proceedFT - 381 words
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Article149 1976-11-26 5 LONDON, Thurs. the Sandoz group is planning to raise US$l2O million through an issue of 40,000 units, comprising convertible debentures and bearer participation certificates, Credit Suisse White Weld said as Joint lead manager with Union Bank of Switzerland (Securities) together with Swiss Bank Corp (Overseas).149 words
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Article36 1976-11-26 5 DETROIT, Thurs. General Motors said It will close Its Wilmington, Del., Assembly plant next week because of a heavy Inventory of the Chevette mini-cars which are built there, idling 1,770 workers for the week.36 words
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Article113 1976-11-26 5 WINDSOR, Ont., Thurs. The United Autoworkers Union (UAW) said a threeyear agreement was reached with Chrysler Canada. Charles Brooks, president of Local 444, said the union negotiating committee is recommending that workers ratify the agreement in a vote on -Sunday 1 The agreement covers 13,500 employees In five113 words
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Briefly
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Article114 1976-11-26 5 Reuter TOKYO, Thurs. Honda Motor said It plans to Increase the production of 50 cc mopeds at Its subsidiary In Belgium, to start Its shipments to the US early next year. A company spokesman said the company sees large potential In the US market, noting theReuter - 114 words
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Article79 1976-11-26 5 LONDON, Thurs. BOC International said in a statement It wll appeal to the Sri Lanka Government against the nationalisation of its subsidiary Ceylon Oxygen. Ceylon Oxygen was na- tlonallsed on Nov 5 under Sri Lanka's Business Requisition Act which provides for compensation. The ri Lanka Government charged that production79 words
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Article60 1976-11-26 5 LONDON, Thurs. The directors of Ingersoll group say they reject the offer of 33p cash made by Lap Heng and advise shareholders to do likewise by taking no action on the documents which they will have received containing the Lap Heng offer. The directors say they will write to60 words
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Article68 1976-11-26 5 PERTH, Thurs. Mount Newman Mining said It operations will come to a standstill from today when it stands down a further 1,200 production workers to bring tta* total to 2,300. The latest stand downs are at the mine site. On Monday the 1,100 workers at Port Headland were-laid68 words
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Article38 1976-11-26 5 TORONTO, Thurs. Cadillac Falrvlew said It made a revised offer of Cs2B4 million to purchase all the outstanding shares of Irvine. The total consists of $164 million In cash and $120 million in 10-year notes, Cadillac said.38 words
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Article30 1976-11-26 5 TOKYO, Thurs. Mitsubishi Heavy Industries (MHI) said It received a 1.6 billion yen order from the Soviet Union's Industrial Machinery Import Corporation for a thermo mechanical pulp making plant.30 words
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Article103 1976-11-26 5 JUNEAU, Alaska, Thurs. The Alaska State Royalty Oil and Oas Development Advisory Board approved Governor Jay S. Hammond's plan to sell the state's share of north slope natural gas to three companies, provided a pipeline to transport the gas uses an all-Alaska route. The contracts still103 words
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Article78 1976-11-26 5 TOKYO, Thurs. Teikoku Oil said It will declare a dividend of three yen per 50 yen share for 1976 after 13 years without dividend It said It decided to resume dividend payment as it expects after-tax profit of about 1.8 billion yen on net sales of 35.6 billion for78 words
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Article50 1976-11-26 5 TOKYO, Thurs. The Tokyo Stock Exchange said It said It is seeking finance ministry approval of listing Rotterdamsch Belegglngs Consortium (Robeco) shares. The shares are expected to be quoted In Tokyo before the end of the year, making Robeco the 17th foreign firm to be listed on the Exchange.50 words
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Article81 1976-11-26 5 LONDON. Thurs. The South of Scotland Electricity Board US$75 million 8k per cent ilve-year Eurobond was priced at 99 per cent, a spokesman for lead manager First Boston (Europe) said. i ne issue has some of the character of a private placement as $50 million have been taken up81 words
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Article45 1976-11-26 5 WASHINGTON, Thurs. The European Investment Bank filed an offering with the securities and Exchange Commission for US$75 million of bonds due 1996 through Merrill Lynch, Kuhn, Loeb, the First Boston Corp and Lazard Freres. Proceeds will be used for general operations of the bank.45 words
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Article24 1976-11-26 5 AMSTERDAM, Thurs The Natlonale Investerlngsbank 75 million guilder 8k per cent 10 year debenture loan was priced at par Algemene Bank Nederland said.24 words
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Article162 1976-11-26 5 RIO de JANEIRO. Thurs. BP has signed an agreement with Petrobras. the Brazilian state oil company, to explore an area of offshore Brazil. This follows the Initialling of a preliminary agreement on Sept 30. The area involved Is Block vm, 5,500 sq kms In162 words
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Article521 1976-11-26 5 NYT NEW YORK, Thurs. The outlines of a possible plan that would enable New York City to repay the holders of UBsl billion In short-term notes without involving the federal government nave been presented to the city's bankers and union leaders. In essence, theNYT - 521 words
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Page 5 Advertisements
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Advertisement307 1976-11-26 5 All these securities having been sold, this announcement appears as a matter of record only. November 1976 New issue in the Asian Dollar Bond Market us $12,000,000 N MB Singapore Limited 8i per cent Guaranteed Notes 1983 jointly and severally guaranteed by Nippon Miniature Bearing Co., Ltd and TheTokai Bank,307 words
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Article1906 1976-11-26 6 SECTION ONE INDUSTRIALS Gr-s Qr'a \m Last cUv Dtv yn P/K Vel Day High Low Cempeay Sal* e'rr C969> Higk Lew 290 170 Acma 170crl -2 12.ON 1.1 7.0 8.9 7 170 170 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 62 -21,906 words
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Article1100 1976-11-26 6 BID and offer price* officially luted and bualneaa In and reported to the Stock Exchange of Singapore yesterday with the number of share* traded ahown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are Sad after the word "Sett." Board deals1,100 words
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Article145 1976-11-26 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Nut|«n price* for Nov 2t) (Curreat prices) INCOME BOND 1 07 1 13 The Commerce 1 05 1.75 The Saving Fund 0.82 0.97 S 'por* Prof Fund 0.77 0J2 8 pore Security Fund S'pore Invest Fund 1 24 1.31 0.90 1.0« MARA145 words
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Article121 1976-11-26 6 B O T 8 1/2% IMI (100,000) (102 WB 102*8) DBS coavert* 6 1/2% IMI (100,000) (978 97*8) D B S 8 1/2% 1962 (100,000) (M*B 100*8) E I B 9% 1962 (IM.OM) (102*B 102*8) E I B 8 1/4% 1983 (IM.OM) (M*B 9958) I B J121 words
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Article119 1976-11-26 6 5 1/2% 1/12/77 (1,000,000) (101.708 101.808) S 1/2% IS/4/78 (1,000,000) (101.878 101.778) (2) 101.74 (1) 101.73 S 3/4% 15/C/80 (1,000.000) (102.758 102.858) I 3/4% 1/12/80 (1,000,000) (102.758 5% T F IS/4/81 (1,000,000) (101.0 SB 101.158) 5 V 4% T F 15/6/81-84 (1,000,000) (102 508 102.008) 1/4% T119 words
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Article1105 1976-11-26 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INOWtTHML A. Ti»« (0 428) AJlnamata (I.TBB I MS). Alaam (2.008 1.141).1,105 words
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Page 6 Advertisements
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Advertisement234 1976-11-26 6 5* -V«v <k A *■> '••V. fcg Z?.*+J#<£ WiMmi E-iSlaiiil^ ■rnzmmmi %k ps£ .*>■ >; s»£» tMf] .V ■ppp Sill HI —i lIBMIW JML Hat long boon an obiinir recorder and commentator or tne atngapore scene, in tnis new dook, ne examinee and explains the success of Singapore's tripartite alliance234 words
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Article535 1976-11-26 7 BIMB Darby aharea IWtawd actively —if selling praaaw la a generally Stock "ft ataady pore yaitariajr. Right from tha drat baU aallara singled out Slme's shares aad sold it right down to aa low aa 13.04 from tha overnight eloao of $1.8. On tha laat deal535 words
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Article438 1976-11-26 7 PRICES were subjected to a further round of mild erosion yesterday as sellers dominated trading at the Kuala Lumpur stock market. Values were eroded In < thin trading right from the start, with a slightly heavier falls noted In the higher- < priced issues. Trading438 words
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95 1976-11-26 7 Reuter TOKYO, Thurs. Toyo Valve has applied for court protection under the corporate rehabilitation law to help It reconstruct after Its business failure, the Tokyo district court said. The Tokyo Commerce and Industry Research Company said Toyo Valve had outstanding liabilities totalling an estimated 30Reuter - 95 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1183 1976-11-26 7 NEW YORK: Stock prlcaa firmed on Wsdnseday helped by strength among od and gas Issues. Yesterday, the Federal Energy Administration propoaad removing price and allocations controls from gasoline One analyst, noting that tha proposal would face a Congressional teat in January, suggested that if the propoaal failed to1,183 words
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Article235 1976-11-26 7 AMSTERDAM: The market closed lower In line with Wall Street after opening steady on Wednesday dealers said. Most industrials and trading stocks were lower. Transports were unchanged to lower although SchwpvMrt Unie roae. Banks and most Insurances firmed. State loans firmed. NOV 14 ru Ahold 83.00 unch AJUO 21.80235 words
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Article278 1976-11-26 7 FRANKFURT: Most shares were mixed to slightly lower, on Wednesday reacting to yesterday's gains, market sources said. Most major banks, chemicals, electrlcals and steels lost marginally. Motors and utilities lost up to 1.80 marks while Karstadt among easier stores lost eight marks to wipe out yesterday's gain. BBC fell278 words
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Article360 1976-11-26 7 JOHANNESBURG: Oold shares continued to ease In afternoon trade In line with generally weaker overseas bullion Indications on Wednesday, dealers said. Financial minings shadowed producers. Da Been was one cent easier at 317 throughout the day. Coppers were generally very quiet and unchanged, although Menial gained five cents earlier360 words
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Article304 1976-11-26 7 PARIS: The market closed narrowly mixed on Wednesday, dealers said. 8 tee la, banks and constructions were well maintained, led by CMers, Crauiot Loire, Demaim, Ptribai and Lafarg*. Oils, chemicals, stores, roods and hotels were weaker, especially Borel. Other sectors were hesitant Foreign shares were generally easier, particularly golds.304 words
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Article260 1976-11-26 7 ZURICH: The market was generally steady In light turnover with minor changes either way on Wednesday, dealers said. Banks and flnandals turned Irregular with a firmer bias. Insurances firmed slightly apart from easier Enecfcrersichsrunc Registered. Gains and losses were about equal in a moderately active industrial sector. Among foreign260 words
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Article170 1976-11-26 7 MILAN: The market closed mixed In fairly active dealings on selective demand on Wednesday after a firmer opening operators were awaiting new developments In ongoing talks between Industry and unions, 1 dealers said Sola VlseoM, Montedison, Pi- < relii Spa and Olivetti Privileged < gained in leading Industrials while170 words
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Article151 1976-11-26 7 BRUSSELS: The market was mixed in rather quieter trading on Wednesday with fewer major movements, dealers said. Sofina, Hiiitul-Siabre, Cometra, Mount and most electrical shares roee, while falls Included Cobapa, Aeturiaaae, Clabecq, CBR, Tibtcoflu and Arbed. US and French stocks were lower, Germans and Dutch mixed. UK Issues little151 words
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Article274 1976-11-26 7 TORONTO: Sharp loaaaa among steel and Industrial mining tssuaa, and a ateady erosion of Quebec-orMßlad stocks, led the Toronto market downward In light trading on Wedneeday. Canadian Paeiflc, the day's most active issue, decllntd3/Bto 15 and among other Quebecbaaed Issues trading over 19,000 sharea. Alsaa loat 1/4 to 21-3/8,274 words
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Article443 1976-11-26 7 TOKYO: The market closed higher In active trading on Thursday with domestic industry shares leading the way, dealer said. The Dow Jones average gained 27.50 to close at 4,561.07 with volume 250 million shares. The New Index closed at 348.38, up 1.04. Constructions, paper-pulps, textiles, and transports were In443 words
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Article367 1976-11-26 7 HONOKONO: The market firmed slightly on Thursday In moderate and featureless trading, with Investors still awaiting a lead, dealers said. The Hang Seng Index rooe 1.20 points to close at 388.83. Among blue chips, Hsnglrsag Bank firmed 10 cents to 817.90T Jardine Mathsssn 10 cents to 815.80, and Hutchison367 words
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Article89 1976-11-26 7 NOV 29 BahU Asia Fibre 1188 -2 Bangkok Bank 229 -2 Bangkok Invest 1U ♦2 Bangkok-Metro-rwO m n Da n W JWUHU1 Pilll 346 Berli Jucker 149 unch CharoongThai Wire 152 +•9 Dumex DusitTham Faber Merlin FlrctTrust Indo-Thai J And J Ho 146 -t Jalaprmthan Cement •n unch Karnaiut*89 words
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Article113 1976-11-26 7 MANILA: The market «u mixed In subdued trading on Thursday dealer* said. Profit takers took oils lower, but minings and commercials posted fractional gains, although mining leaders were dull on soft metal prices. nov a Peso* Acoje Mining Atlas Con. A Atlas Con. B Bagulo Gold Benguet Con B113 words
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Article393 1976-11-26 7 SYDNEY: The market doaad mixed in subdued trading on Thursday with proflttallng paring some early gains, dealers said. Among minings, Ceatral Niramse and Cm Qeld roee 10 cents each while CKA, BH Sevtk, Peke-Wellsead and Katkleea vera up to three cenu firmer. The Sydney All-ordinaries Ml 0.5 point to393 words
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Article85 1976-11-26 7 FINANCIAL TIMES INDUSTRIALS Wednesday 298.00 Tuesday 300.3 Week ago 311.1 TIN Wednesday 114.03 Tuesday 115.06 Week ago 120.13 RUBBERS Wednesday 493.69 Tuesdav 403.28 Week ago 486.18 OILS Wednesday 373.13 Tuesday 378.30 Week ago 372.84 DOW JONES AVERAGE INDUSTRIALS Wednesday 050.98 Tuesday 949.30 Week ago 938.08 LONDON DOLLAR PREMIUM Wednesday85 words
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Page 7 Advertisements
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Advertisement176 1976-11-26 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article662 1976-11-26 8 THE Singapore rubber market opened slightly higher but later felt back with December traded at 204.00 cents, and then hovered around the 204.00/204.25 level, dealers said. After midday, the lower levels attracted some covering Interest and December rallied to a high of 205.50 cents traded. A report of662 words
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Article120 1976-11-26 8 DAILY SSR and SMR prices at noon yesterday: Dec. Jan. R.A.S. (Current Mth) (Forward Mth) Buyer* Sellers Buyer* Sellers (cent! per kg) (cents per kg) SSR 20 (1-ton Pallets) 189.00 191 OON 190 00 192 OON SSR 50 (1-ton Pallets) 186 50 188 50N 187 50 189120 words
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Article230 1976-11-26 8 THE Straits tin prices In Penang yesterday rose 53.25 to close at $1,223.37* per plcuf on an official offering down 7 tonnes to 223 tonnes.' IN LONDON yesterday, tin rose by around £37 per tonne for Cash and £53 for Three Months In both contracts. Dealers said the230 words
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Article24 1976-11-26 8 Rubber: Nov 25 Singapore: Dec. 204.50 (unch.) Malaysia: Dec. 209.75 (unch) Tin: 11,223.37'* (up $3.25) Official offering: 223 tonne* (down 7 tonnet)24 words
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Article61 1976-11-26 8 LONDON, Thurs. Lead was unchanged from previous ring levels. The market was maintained at the £293 per tonne level for Three Months in modest two-way trading. Sales of 1,800 tonnes were mainly carries. On Wednesday afternoon, lead declined by mostly £0.50 per tonne. Values softened under light profittaking which61 words
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Article131 1976-11-26 8 THE following Palm Oil prices were quoted In London on Wednesday The "ice are elf Rotterda and ire quoted In US dollar per long ton unless otherwise stated Wednesday Pre*. Malaysia 5% (fa bulk Dec unch 465 sir Jan unch 455 sir Feb unch 455 sir Sumatra 5%131 words
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Article263 1976-11-26 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $75 sellers, old drum SBO sellers, new drum $85 sellers. Copra: Mixed (loose) UK/Cont Ml buyers. Pepper: Muntok ASTA white f.o.b 100% NLW $317 1/2 sellers, Sarawak white f.o.b. 96% NLW $300 sellers. Sarawak special263 words
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Article351 1976-11-26 8 IN the Singapore gold market yesterday, the loco London gold opened at U*****.50/133.00 per ounce in line with the slightly firmer trend In the American futures market. Thereafter In dull and lacklustre trading some small bull liquidation emerged and the yellow metal was traded at U*****.00/132.50 at the close.351 words
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Article207 1976-11-26 8 LONDON, Thurs Copper wire bars finished with gains of £1 per tonne for Cash and £1.50 for Three Months. Values eased on the early pre-market under Lght liquidation prompted by trends In sterling and gold before short covering recouped losses. Three Months picked up from £799 to £804 per207 words
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Article69 1976-11-26 8 LONDON, Thurs. Zinc was basically unchanged from previous ring levels. The metal was steady as buying support from an Influential quarter was mostly absorbed by hedge selling. Three Months finished trading at £388 per tonne. Sales of 4,450 tonnes were predominantly carries. On Wednesday afternoon, zinc rose by mostly69 words
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Article135 1976-11-26 8 LONDON, Thurs. Silver registered gains of 0.4 to 0.5p per troy ounce. The steadiness was attributed by dealers largely to lack of any undue pressure either way and the supGrtlng influence of the llion dealers' fix. Otherwise, the market was quiet and featureless with carries boosting the turnover to135 words
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Article229 1976-11-26 8 LONDON, Thurs. Terminal opened steady, £22 lower to £6 higher on Wednesday close with 89 lots traded. Spot Nov declined £22 at £2,272 while Jan gained £6 to £2,318. Dealers attributed opening steadiness to mixed support in very quiet trading reflecting the New York close and today's US Thanksgiving229 words
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Article124 1976-11-26 8 CHICAGO, Wed. Wheat futures closed 1/4 cent a bushel lower to 3/4 cent higher on a thin pre-holl-day trade. Spillover buying on early firmness in other pits brought small Initial gains but prices slipped back on the subseauent light trade. Cash hard wheat bids: were steady at the gulf124 words
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MONEY AND EXCHANGES
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Article626 1976-11-26 8 THE Singapore domestic money market saw a firming In overnight rates to as high as four per cent yesterday following the start of the new banking week. Dealers attributed the rise to the ability of lender banks to sit on additional funds instead of availing them to the market.626 words
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Article155 1976-11-26 8 Asian rate ASIAN currency deposit Interbank rmte« u at close on Nov 23. (J8 Dollar* (Spot) Offer Bid 7 dajr* 4 15/18 4 13/16 1 mth 4 15/16 4 13/16 2 mlhi 5 3/16 5 1/16 S mlhi 5 3/16 6 mth* 5 9/16 3 7/16 9 mth* 5 11/16155 words
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Article142 1976-11-26 8 Euro rates LONDON, Thurs. Traa volume was Initially 1 and business is likely to be restricted throughout because of today's US Thanksgiving Day Holiday, dealers said. Period rates opened harder reflecting the customary loss of the Friday dealing technicality and have since shown little change. Short dates held steady with142 words
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Article382 1976-11-26 8 LONDON, Thurs. Sterling moved moderately higher in European currency centres, trading at U551.6510/20, up from $1.6470/90 overnight. Some of Wednesday's Immediate concern about possible British Trade Union opposition to deflationary British measures has faded, but trading Is still cautious ahead of further Government cabinet discussions here today, likely to382 words
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Article329 1976-11-26 8 NEW YORK, Wed. The dollar closed stronger on balance without New York Federal Reserve Bank intervention in light trading ahead of Thursday's US Thanksgiving Day holiday, dealers said. Operators tended to square positions in anticipation of a very thin market here on Friday with financial markets treating the329 words
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Article109 1976-11-26 8 TOKYO, Thurs. The dollar for overnight delivery closed higher In light trading at 295.47, compared with 295.40 at the opening and 295.15 at Wednesday's close. The US currency Initially advanced on covering by banks to meet Import settlement needs early next week, but later encountered selling by traders of109 words
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Article61 1976-11-26 8 Minimum lending rates (in ACBC 8%. Algemene Bank .8% Bangkok Bank ..7* Bank of America 6* Bank of China .7* Bank of Tokyo 6* Bank Negara Indonesia 7* Chartered Bank .8*« Chase Manhattan 8% DBS 6* First Chicago 6* Citibank 8* HSBC 7 Indosuez 6* Malayan Banking 6* Mitsui Bank61 words
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Article118 1976-11-26 8 HONGKONG. Thurs. The US dollar staged a moderate recovery to be quoted at HK54.7530/50, compared with $4.7480/00 at Wednesday's close, In moderate and quiet trading, dealers said. They said the US unit's rise was due to market rumours that there may be a cut in local banks' best lending118 words
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Article40 1976-11-26 8 ZURICH exchanges quoted on Nov 24: US 2.4448-4456 UK 4.0460-0505 Can 2.4645-4665 W Germ 101.67-75 Neth 97.42-50 France 48.99-4904 Belg 6.66-1/4-67 Denm 41.57-60 Norw 46.76-80 Swed 58.32-36 Italy 0.2826-2829 Australia 14.30-34 Port 7.76-79 Spain 3.58-58-1/2 Arg 0.85-1.15 Japan 0.82-3/4-83-1/440 words
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Article50 1976-11-26 8 AUSTRALIA/NZ exchanges quoted on Nov 25: Australia: Sterling 0.7519/0.7441 US Dollar 1.2356/1.2306 Ninety day air mall buying rates: Sterling 0.7866, US dollars 1.2636 Ninety day forward buying rates: Sterling 0.7638, US dollars 1.2195 New Zealand: Sterling 0.5907/0.5872 US dollar 0.9772/0.9672 Ninety day forward rate: Sterling 0.6367, US dollar 0.996150 words
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Article32 1976-11-26 8 FRANKFURT exchanges opening quotes on Nov 25. US 2.4035/50 Can 2.4128/40 UK 3.965/980 Neth 95.77/92 Swltz 98.20/35 Italy 2.775/790 France 48.10/25 Norw 45.97/46.00 Belg com 6.552/567 Belg fin 6.54/55 Japan 0.8131/4632 words
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Article112 1976-11-26 8 LONDON, Thurs. Straight dollar bonds were virtually unchanged to slightly stronger in quiet trading, dealers said. Ootaverken 8-1/4 per cent due 1983, which started trading on September 29, eased to 99-1/4 100 from 100 1003/4 following the announcement of a new two-part lasue for $20 million 8-1/4 due112 words
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Article201 1976-11-26 8 LONDON, Thurs. Terminal opened steady with trade selling well absorbed and prices showing small gains of £0.10 to £0.45 over Wednesday's close. Sales totalled 457 lots. Although there was no confirmation, reports In actuals said Colombo will sell a cargo of January shipment raws next week and that Mozambique201 words
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Article138 1976-11-26 8 CHICAGO, Wed. Soybean futures closed with gains of three to six cents a bushel after a light trade ahead of the holiday. Prices rose early on speculative buying which followed Tuesday's sharp fall and Improved demand for soybean meal which follwed Peru's force majeure on fishmeal contracts, with crush138 words
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Article215 1976-11-26 8 BANGKOK, Thurs. Indicative prices (or rice quoted were: US dollars per tonne FOB basis Bangkok White Rice: 100 per cent Ist clui 288. 100 per cent 2nd class 274, 100 per cent 3rd class 270. 5 per cent 261, 10 per cent 240. IS per cent 237, 20 per215 words
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Page 8 Advertisements
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Advertisement149 1976-11-26 8 MITSUI TRUST Beacon of Progress p y FM :.V r, >?■ >■ r v,% *> V.; m Je hi oinua|JUic. Chief Representative: Saburo Itoh. "*T -V :s*s■-if < < -JiS c < > ,A; -i k <• .14. J < \«s- >' t > i *5 We are Japan's oldest149 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1059 1976-11-26 9 WONG WAI LIN - THE NUMBER OF HIJACKING ATTEMPTS HAS FALLEN FROM 86 IN 1969 TO 16 THIS YEAR,-BUT AS LONG AS AIR TERRORISM POSES A AIRLINES NOR GOVERNMENTS CAN AFFORD TO BE COMPLACENT By WONG WAI LIN AIR TRAVEL has become a much more tiresome business these days. Once1,059 words
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Article186 1976-11-26 9 AP LONDON, Thurs. Lack of grain tonnage demand yesterday resulted in continued slack conditions in the North Atlantic and accompanying weakness of tone. However, some Indication of current payments was provided by the December fixture of the "splendid honour" at US$6.4O (FIO) for a 36,000 tonneAP - 186 words
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669 1976-11-26 9 TERESA LIM - By TERESA LIM LOCAL commercial banks will have the chance to take a more active role In ship financing when a DBS "package", still under wraps, for Joint financing between commercial banks and the DBS Is finally confirmed. Basically, such a scheme669 words
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Article, Illustration382 1976-11-26 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bratslav (1830 after Hugheverett) 31/32 Bunga Gelang (2300) 18 Cristobal Maru (JPKU 1800 after Straat Amsterdam) 10/11 Dona Montserrat (2000 after Athanassla) 45 Golden Eastern (0600) 23 Kao Sah (3ETM 1200) 40/41 Kota Rakyat (0700) 8/9 Palm Sea Horse (POPOBC) (0900 subject gas382 words
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Article565 1976-11-26 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKG PAA PA841 0950 SFO/HNL/ GUM JAL JL712 1000 HLP SIA SQ2I1 1010 HLP OIA OA980 1030 HLP GIA OA908 1100 MES PAL PR501 1415 MNL KLM KL833 1150 AMS/ATH/ KHI/CMB SIA SQ201 1200 HLP SIA SQ240565 words
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Article148 1976-11-26 9 Reuter STOCKHOLM, Thurs. The Scandinavian Airlines System (SAS) yesterday announced a pre-tax profit of 42 million kronor (Ss24 million) for the year ending Sept 30, a drop of over onethird on the previous year's profits. SAS managing director Knut Hagrup described the profits as unsatisfactory, but addedReuter - 148 words
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Page 9 Advertisements
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Advertisement72 1976-11-26 9 £6 V A rv; S < > a Exotic cuisine passionately recommended Luziza Fresh prawns marinated in honey and sour spices from Bikaner. Nuwabi Selected tender cubes of lamb marinated in subtle hot spices. A favourite of the Nuwabs. Harem's joy Tender chicken prepared in secret spices. Koulfi Ice Cream72 words
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Advertisement107 1976-11-26 9 Ifl/IGHT HOLIDAY/ The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2. vl AT V NKR it A VI THE NAME IN REFRIGERATION AND STAINLESS STEEL EQUIPMENT l FABRICATIONS A '.t m V k< m 5 u: r> i =r±r£ iC I L>0 a I'1 I WE107 words
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Article, Illustration942 1976-11-26 10 NORRIS WILLATT - Canadian textiles manufacturers are beating a path to the door of their government to demand protection from cheap imports from the Far East. But other Canadians argue that local industry already overcharges, and that without foreign competition it would get worse. By NORRIS WILLATT942 words
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814 1976-11-26 10 ROBERT GARY - By ROBERT GARY ISRAEL'S normally simmering political cauldron •hows signs of boiling over even though general elections are still a year off. Old party alliances are weakening, new political groupings appearing and retfcftlons within the established parties are getting to the814 words
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605 1976-11-26 10 PETER SCHMITT - By PETER SCHMITT THE West German Government is considering a policy change that could bring trouble from one of the nation's biggest and most powerful pressure groups the old age pensioners. The government wants to modify a 20-year-old scheme which has given old605 words
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Page 10 Advertisements
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Advertisement455 1976-11-26 10 It i .If 1 M\ 4 t> V w? ,4 M*.' ;.v m* -m* V it The Straits Times Annual Stops and Stares Where Others Hurry 8y... Where else but in the Straits Times Annual can you see all at once the many brilliant facets of the gem that is455 words
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203 1976-11-26 11 KUALA LUMPUR, TTiurs Whatever action taken by any power to control the Straits of Malacca would be construed as an attempt to threaten the sovereignty of the coastal states, the Dewan Rakyat was told today. And any action taken by any power to203 words
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Article96 1976-11-26 11 UPI BUDAPEST, Thurs. US Commerce Secretary Elliot E. Richardson had final talks today with Hungarian Oovernment leaders after being told that Hungary strongly desires most favoured nation status in its trade with the United States. Mr. Pal Romany, Hungarian Minister of Agriculture, told Mr. Richardson yesterdayUPI - 96 words
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Article79 1976-11-26 11 Reuter JAKARTA, Thurs. Indonesia and Malaysia have begun Informal talks in Medan, North Sumatra, on efforts to eradicate smuggling and Illegal drug trafficking. Antara News Agency reported today. The Malaysian side was represented by a 25-man delegation led by the Chief of Police, Tan Sri MuhamadReuter - 79 words
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538 1976-11-26 11 FOR OFFSHORE LOGISTICAL BASE Reuter AP CIE Maritime d'Expertises (Comex) has signed an outline agreement with the Vietnamese Government to act as technical advisers for the setting up of an offshore oil logistical base on the Vung Tau Peninsular. The base would serve explorationReuter; AP - 538 words
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609 1976-11-26 11 KUALA LUMPUR, Thurs. With Just four days to go, officials of Petronas and the oil companies are still trying to reach agreement on the final production-sharing contract. Prime Minister Datuk Hussein Onn has given the two parties until Tuesday for the contracts to609 words
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Article126 1976-11-26 11 AP UNITED NATIONS, Thurs. India and Bangladesh have agreed to open negotiations immediately In Dacca to resolve their dispute over the use of the Ganges River. The agreement was negotiated in the General Assembly's special political committee by Ambassador A. Esmat Abdel Meguid of EgyptAP - 126 words
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67 1976-11-26 11 UPI COLOMBO, Thurs. Finance Minister Felix Bandaranaike yesterday specified Jan 21 as the date for nationalisation of privately-owned foreign bank branches in Sri Lanka. He announced the nationalisation plan in a budget speech two weeks ago but did not say when the scheme wouldUPI - 67 words
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130 1976-11-26 11 Reuter WASHINGTON, Thurs. Flying Tiger Airlines was recommended yesterday for new all-cargo routes between the United States and Malaysia, Singapore and Indonesia by a US civil Aeronautics Board (CAB) law Judge. The recommendation must be approved by the full CAB and the White HouseReuter - 130 words
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1581 1976-11-26 11 KEVIN RAFFERTY - By KEVIN RAFFERTY SIME DARBY is probably unique. In some aspects it is already a multinational company. It has four share registers, In London, in Hongkong, in Singapore and in Malaysia, and it has Important offices In each of those cities. Its operations1,581 words
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Article, Illustration193 1976-11-26 11 Reuter GENEVA, Thura. Leaders of some 50 political parties linked to the Socialist International, along with several heads of government, begin a special congress here tomorrow to put their socialist house in order. The 13th congreas of the London-baaed organisation willReuter - 193 words
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Article30 1976-11-26 11 Reuter HONGKONG, Thurs. The Soviet Union and Vietnam have signed an agreement on exchange visits by tourists from the two countries, the Vietnam News Agency reported today. Reuter.Reuter - 30 words
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Article419 1976-11-26 11 AP NICOSIA, Thurs. The foreign ministers of seven Gulf countries are scheduled to meet In Muscat. Oman, next week to discuss security and lay down a framework for political and economic cooperation. The participants are Saudi Arabia, Iran, Kuwait, Bahrain, the United Arab Emirates, Qatar andAP - 419 words
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802 1976-11-26 11 Reuter MANILA, Thurs. A capital that stretches from the Pacific Ocean to the 3outh China Sea: This Is the vision of the Governor of Metropolitan Manila, Mrs. Imelda Romualdez Marcos. Mrs. Marcos, appointed by her husband President Ferdinand Marcos, is entering her secondReuter - 802 words
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Page 11 Advertisements
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Advertisement355 1976-11-26 11 APPOINTMENTS ACCOUNTANTS! 1 Applications are invited from qualified and expe- rienced Singapore Citizens (male or females) with at least three years' experience in Accounting for the above positions. Should be members of 1.C.A./ A.C.C.A./ S.S.A. g The ability to work with a team of Accountants and Assistants, maturity and staying355 words
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Advertisement326 1976-11-26 11 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 from time326 words
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Article185 1976-11-26 12 UPI GENEVA, Thurs. Differences between black nationalist leaders Robert Mugabe and Joshua Nkomo at the Rhodesia peace talks became an open hostile split today. Mr. Mugabe said he has to go back to Africa for consultations while Mr. Nkomo insisted on accepting British proposals soUPI - 185 words
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Article73 1976-11-26 12 KUALA LUMPUR, Thurs. Six International companies three from Japan, two from Korea and one from the Philippines have tendered for extension and improvement of the existing east-west highway in Sabah State, the Ministry of Works and Utilities said. They are the Nissan Construction, Construction Resources of Asia73 words
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Article789 1976-11-26 12 LONDON Thurs. The stock market closed mixed in quiet trading. At 3 p.m., the Financial Times Index was down 0.1 at 298.9. Oovernment stocks lost around on balance among long dated loans, and shorts eased by up to W, with some light selling reported. Leading industrials closed narrowly789 words
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245 1976-11-26 12 FUTURE business course* should be structured only alter consultation bstwe—academic staff and representatives of the business community, according to Dr. Lawrence Wong or the Nanyang University. He was speaking at a seminar entitled "'Business Education in the 1980 V at the University of Slngapore245 words
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Article154 1976-11-26 12 BANGKOK, Thurs. Thai Government forces have destroyed another Malayan Communist Party (CPM) guerilla camp In Jungles near the Thai-Ma-laysian border, a police spokesman said today. The camp near Bannang Star In Yala Province, capable of housing up to 100 CPM guerillas, was the second154 words
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713 1976-11-26 12 DIFFERENCE AMONG ASIAN NATIONS A CONTROVERSIAL plan to establish an Asian Reinsurance Corporation to be sponsored by governments throughout virtually the whole of Asia is being drawn up by the United Nations Economic and Social Commission for Asia and the Pacific (Escap) in Bangkok. Singapore could713 words
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Article460 1976-11-26 12 KUALA LUMPUR, Thurs. The Kuala Lumpur Stock Exchange is believed to be appealing to the Capital Issues Committee for more time to study the Government's proposals for Implementing the Securities Industry Act, 1973. It Is understood that the CIC has given the Exchange460 words
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Article446 1976-11-26 12 THERE Is considerable scope In Malaysia for the manufacture of electrical and electronic components to meet the needs of existing Industries, as well as for the establishment of large export-oriented projects. This was stated by Mr. N. Sadaslvan, deputy direc-tor-general of the Federal Industrial Development Authority446 words
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204 1976-11-26 12 KUALA LUMPUR, Thurs. The European Economic Community (EEC), United States, Canada, Australia and Japan have agreed to give concessions to several Malaysian tropical products effective from early next year. Trade and Industry Minister Datuk Hamiah Abu Samah told the Dewan Rakyat today the EEC204 words
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Article242 1976-11-26 12 KUALA LUMPUR, Thurs The Government has so far approved the setting up of 12 local vehicle assembly Filants sufficient for the ndustry at present Deputy Trade and Industry Minister Datuk Mohamed Rah mat said here today. Of the 12 applications approved, 10 assembly plants242 words
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138 1976-11-26 12 Reuter JAKARTA, Thura. The Mvn-nati<m Association of Natural Rubber Producing Countries (ANRPC) opened a conference bare today to discuss production and marketing problems. Repreaentativea of five otber producer countriea and international orgnnisationa such a* the World Bank and the International Monetary Fund are alsoReuter - 138 words
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Article118 1976-11-26 12 INTRA-ASEAN trade today is only 20 per cent at total Asean trade, but this proportion will be increased soon with improvements in shipping, hanking and industrial services. This was stated by Mr. Tan Keonf Choon, Asean Chambers of Commerce and Industry vice-president for Singapore, when118 words
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Article65 1976-11-26 12 THE National Productivity Association, affiliate of the National Productivity Board, will be organising a talk on export credit insurance in Singapore at Hotel Royal-Ramada on Dec IS. Mr. Robert Martin, chief executive of Export Credit Insurance Corporation of Singapore, will talk about export credit insurance, the65 words
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Article88 1976-11-26 12 THE Telecommunications Authority of Singapore (TAS) has embarked on a $35 million central telephone exchange redevelopment project at Hill Street to be completed by 1980. The present building in Hill Street is now partly demolished to make way for the construction of the new building. In88 words
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Article66 1976-11-26 12 THE new Thai Ambassador to Singapore, Mr. Jetn Sucharltkul, presented his credentials to President Sheares yesterday at the Istana. Mr. Sucharltkul, 42, succeeds Mr. Chamnong Phahulrat. A holder of a doctorate degree In law from I'Universite de Paris, Mr. Sucharltkul was the deputy Asean Secretary66 words
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369 1976-11-26 12 Head of AseanCCI on perils of bickering SENATOR K&m&rul Arlffln, President of Asean-CCI, yesterday said that If we continue to bicker among ourselves on trivial Issues and completely lose sight of our objectives, we too would be "de-developlng" countries, of which one example may now be found In Europe. Speaking369 words
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Article115 1976-11-26 12 CONSULASIA Pte. Ltd., a financial and management consultant firm, Is organising a "Merger for managers" seminar today at Marco Polo Hotel for executive directors and senior managers who may be responsible for conducting acquisitions. The seminar leader Is Mr. Garry Prior who has specialised in the115 words
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Article127 1976-11-26 12 GARRARD, the Crown Jewellers, will be offering a fine selection of precious and seml-preclous stones in their Jewellery this weekend which will appeal not only to the aesthetic but also to the Investment minded. The three-day exhibition opening tomorrow at the Shangri-La will Include not only127 words
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Article98 1976-11-26 12 THE Minister for Finance, Mr. Hon Sul Sen, will open Shell's Thermal Gasoll Unit at Pulau Bukom on Dec 7. As the first of its kind to be built In South-east Asia with a designed capacity of three million tonnes a year, the unit is part of98 words
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Article127 1976-11-26 12 SOUTEX, a subsidiary of South Pacific Textile Industries (SPTI), opens Its $15 million factory officially today. Datuk Hussein Onn, Prime Minister of Malaysia, will officiate at the opening ceremony, held at the factory's premises in Batu Pahat, Johore. With this second phase expansion of Soutex completed,127 words
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