The Business Times, 10 November 1976
1976-11-10
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The Business Times
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Title Section10 1976-11-10 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, NOVEMBER 10, 1976 SO CENTS10 words
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NEWS SUMMARY
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Article76 1976-11-10 1 THE US$ has been recommended (because It Is relatively stable when compared to the other world currencies) by the executive committee of lAT A as the currency for fares. This recommendation will be brought up at an lATA Currency Conference In the next few months. The76 words
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Article64 1976-11-10 1 UPI BEIRUT, Tues. Rightwlng army troops today warned President Ellas Sarkis they would "be forced to open fire" on Arab peacekeeping troops that attempt to enter rightist-held territories, officers Involved in the action told reporters. The development came as an estimated 14,000 demonstrators streamed through the streetsUPI - 64 words
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Article70 1976-11-10 1 AP BRISBANE, Tues. The world's biggest alumina refinery at Gladstone in central Queensland was to resume production tomorrow after a five-day shutdown forced by industrial disputes. A meeting of 850 workers from four unions voted today to end the 19-day strike and submit their claims to arbitration.AP - 70 words
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Article66 1976-11-10 1 Reuter TOKYO, Tues. A Soviet ship will arrive in northern Japan next Friday to pick up the MIG-25A Jet flown there by a defecting pilot, Japanese Foreign Ministry sources said here today. Japan has agreed to allow Russian experts to check the dismantled and crated aircraftReuter - 66 words
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Article36 1976-11-10 1 Reuter MANILA. Tues. Airports in Philippines went on a security alert and Hongkong ordered "necessary precautions" following intelligence reports that a five-member terrorist group may be on the move in Southeast Asia. Reuter.Reuter - 36 words
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Article34 1976-11-10 1 AP GENOA, Tues. Iran was negotiating the purchase of the Italian luxury liners Michelangelo and Raffaello to turn them into floating hotels, sources close to the Italia Shipping line reported today. APAP - 34 words
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Article72 1976-11-10 1 AP SEOUL, Tues. South Korea and Saudi Arabia opened a three-day conference today to negotiate an air transport agreement which would allow their airlines to open new routes between the two countries. Korea officials said that the accord would allow the flag carrier Korean Air LinesAP - 72 words
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Article44 1976-11-10 1 UPI NEW YORK, Tues Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 934.59, up 0.91; 20 transp 211.89, up 0.13; 15 utlls 98.16, up 0.58; 65 stocks 298.48, up 0.51. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration177 1976-11-10 1 THE easier tendency at the Stock Exchange of Singapore continued yesterday in very quiet trading. Price fails, however, were marginal. Haw Par was unchanged at 99 cents and Sim Darby shed four cents to $3.40. The Business Times index fell 1.17 points to 248.69 while the Straits177 words
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Article106 1976-11-10 1 FoM O.C.B.C. $8.00 -.10 Bt Sembawang $2.16 -.08 U.O.B. $3.46 06 P.M.R.I. $2.45 05 Tan Chong $1.45 -.05 Gentlngs $2.74 -04 Malex $1.82 04 Sim Lim $0 50 -.04 Slme Darby $3 48 -.04 DBS. $3.78 -.04 Duff Dev. $1.20 -.04 Rises S.P. Textile $1.12 .07 Sel.106 words
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Article, Illustration829 1976-11-10 1 JOHN TAN - MALAYSIAN TYCOON'S TELL-ALL By JOHN TAN TAN Sri Khoo Teck Puat, the man who claims to have a personal worth of $600 million, is attempting to take over the Faber Merlin hotels all on his own. He told me this yesterday in an829 words
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134 1976-11-10 1 UPI WASHINGTON, Tues. The American Telephone and Telegraph Co. the world's largest corporation has escaped paying at least U552.94 billion (557.2 billion) in taxes over the past 10 years, according to a former Internal revenue service official. In an article to be publishedUPI - 134 words
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585 1976-11-10 1 SINGAPORE International Airlines (SIA), which stands to benefit from flying directly on the Bangkok Hongkong and BangkokManila routes, has not yet been given permission to fly over Vietnam by the Vietnamese Government in Hanoi. This was disclosed yesterday at an International Air Transport Association585 words
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621 1976-11-10 1 WITH Singapore steadily approaching its target of two million visitors a year by 1979, the Government is changing Its policy in order to attract more business and convention traffic. If necessary at the expense of the casual tourist. Such a policy, said Mr621 words
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Article97 1976-11-10 1 THE.aviation community is let to select for international atandardiaation and future application a new microwave precision approach and landing system (MLS). According to an lATA spokesman, at a press conference yesterday, introduction of the MLS will be •low. He said that it will take till 198097 words
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Article117 1976-11-10 1 UPI BRUSSELS, Tuea. The pound and the dollar held firm in quiet trading at the opening of European money marketa today but gold gained again, riaing about 75 U8 centa (811.84). The price of gold went from $131.50 to $132.25 in Zurich and from $131,635 to $132,370UPI - 117 words
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301 1976-11-10 1 DBS cuts prime rate by another pc NINE days after its prime rate cut from seven per cent to 6*. per cent per annum on Nov 1, market leader Development Bank of Singapore has announced yet another per cent reduction. From today DBS' new prime rate (rate quoted on loans301 words
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Article41 1976-11-10 1 TOKYO, Tues. Trade missions from five member states of the Association of South-east Asian Nations (Asean) will visit Japan in mid-November to promote exports to Japan of a wide range of South-east Asian furniture, furniture components. bags and cases. UPI.41 words
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272 1976-11-10 1 KUALA LUMPUR, Tues. Genting Highlands has informed Golden Hope Plantations in London that with associates It now holds 8.45 million shares or 16.6 per cent in Golden Hope, which has just announced its intention to move domicile to Malaysia. This is in272 words
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Article185 1976-11-10 1 Reuter PARIS, Tues. Consumer prices in member countries of the Organisation for Economic Co-operation and Development rose an average 0.8 per cent in September, following a 0.5 per cent rise in August, the OECD said. This brings the rise in the 12 months to the endReuter - 185 words
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Article139 1976-11-10 1 SINGAPORE Eidai Corporation, one of Jurong's pioneer factories, has decided to call it a day. It is to wind up its operations and sell its veneer and plywood business. The decision was disclosed by Eidai's chairman, Mr. Teruo Fukao, in his latest annual report released yesterday.139 words
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Page 1 Advertisements
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Advertisement38 1976-11-10 1 Am*r m u W INSIDE Overseas News/TV Radio Overseas New» Local Co Newt Foreign Co News Local Stocks Overseas Stocks Commodities P8 P2 Transport ft Communications P9 PS Features PlO M Local ft Overseas P7 News Pl 238 words
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Advertisement63 1976-11-10 1 (t i !v M t; Mt&W my b.i Vi\ Ik i y I'rX 1 a M mIW S* v trnwamni wwm It oO{%\ v f \;v r r v; If'/I v t- f( t 1 -i. I t t *> < Dunhill comes to John Little's. Ground Floor. Robina House.63 words
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Advertisement185 1976-11-10 1 SKILLS**"<FRrtiljS Dispense with the usual frills, i get the job done quickly and I skilfully. Try Manpower for professional temporary help in offices, sales, data processing, stores and other categories Call us today! O MANPOWER *****8 TEMPORARY SERVICES Olivetti gives you Singapore's best value in Printing Calculators Underwood 481 Underwood185 words
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OVERSEAS
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337 1976-11-10 2 AP LONDON, Tues. in reaci nrirH° i he lnt ernational Lockhead scandal, Ford Motor has asked its British management staff to dlsthey have In outside supplier companies. But the request has Drought union protests. Mr. Terry Beckett, chairman and managing director of FordAP - 337 words
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Article128 1976-11-10 2 Reuter DETROIT. Tues. The United Auto Workers Union (UAW) today told General Motors, the world's biggest car producer, that it would call a strike in 10 days unless a new work contract was negotiated. The threat came after weekend negotiations between the UAW andReuter - 128 words
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Article120 1976-11-10 2 Reuter ROME, Tues. Italian trade unions are ready to accept increased taxation but they will refuse to consider any amendment to the existing Scala Mobile System of inflation-linked wa<re increases, Secretary General of the Unlone Italiana Del Lavoro (UIL) Giorgio Benevenuto said. Union leaders are dueReuter - 120 words
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Article115 1976-11-10 2 Reuter BRUSSELS, Tues. A meeting of EEC finance ministers agreed that the Community will help the Italian Government pay its US$4B6 million (551,191 million) debt to the UK, EEC officials said. The UK requires its share of the total EEC credit to ItalyReuter - 115 words
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271 1976-11-10 2 AP ROME, Tues. Premier Giullo Andreotti yesterday briefed communist leader Enrico Berlinguer on the government's plans to adopt further austerity measures to revive Italy's economy. The communists were first among the major parties to be consulted by Mr. Andreotti, giving further evidence of theirAP - 271 words
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285 1976-11-10 2 When a sale makes the headlines AP. ANN ARBOR (Michigan), Tues. The biggest newspaper sale in American history was completed yesterday with the announced purchase by S.I. Newhouse of 97 per cent of the stock of Booth Newspapers, publisher of Parade magazine and eight Michigan dailies. The total purchase priceAP. - 285 words
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Article163 1976-11-10 2 C-MART-VIET TALKS ON CLOSER LINKS Reuter BRUSSELS, Tues. Vietnam and the European Common Market yesterday held their first exploratory talks on closer trade links. EEC officials said. Mr. Nguyen Co Thach, Vietnam's deputy Foreign Minister, spent about an hour closeted with Mr. Finn Olav Gundelach, EEC internal market commissioner, toReuter - 163 words
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329 1976-11-10 2 Reuter BANGKOK. Tues Thai- land's new military-backed i Government has made its s first major foray Into shak- ing up the administration i with a surprise reshuffle of top police officers. r The main casualty in r changes Involving most of the country's topReuter - 329 words
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269 1976-11-10 2 AP BEIRUT, Tues. The Arab boycott of Israel has broadened its strategy to "tighten the noose" economically on the Jewish state and companies dealing with it, the boycott commissioner general was quoted as declaring yesterday. The Middle East Economic Survey said Mr. MohamedAP - 269 words
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Article98 1976-11-10 2 AP HONGKONG, Tues. A 21,000-tonne container ship. Oriental Financier, sailed for Kaohslung after Its owner posted a bond of HKSI.2S million (*****,000), to release It from arrest for oil spill damage claimed by local fishermen. A group of villagers claimed their fish farms were damaged byAP - 98 words
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377 1976-11-10 2 Reuter LONDON, Tues. Japanese imports have been attracting growing resentment while recession dogs Western industrial growth, but the Japanese are learning to overcome this barrier while maintaining the exports which are vital to their economy, the Financial Times said in a survey today.Reuter - 377 words
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917 1976-11-10 2 OFNS TOKYO: The men from Japan's "shadow cabinet" got more than they bargained for on their recent fact-finding trade mission to Western Europe. At every port of call, leaders of the government's right hand, the powerful big business Federation of EconomicOFNS - 917 words
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Article105 1976-11-10 2 AP LONDON, Tues. British Defence Minister Fred Mulley yesterday met Saudi Arabia's Defence and Aviation Minister, Sultan bin Abdul Aziz al Saud, for the first of five days of talks which the British hope will bring in £3 billion (S$U.9 billion), worth of defence contracts overAP - 105 words
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368 1976-11-10 3 Reuter CANBERRA, Tues. Australia's balance of payments as measured by net official monetary movements swung sharply into a AS29O million deficit in October from a Asl4 million surplus In September, the Statistics Bureau said In a preliminary statement. This compared with a AsllsReuter - 368 words
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273 1976-11-10 3 Reuter TOKYO, Tues. THE Economic Planning Agency said measures to stimulate business are necessary to boost Japan's slowing economic recovery and eliminate anxiety among Japanese businessmen. In a monthly report sudmitted tQ the Cabinet Council of Economic Ministers, the agency said aggregateReuter - 273 words
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Article129 1976-11-10 3 Reuter FRANKFURT. Tues. Spokesmen for leading West German steel companies said there seems little alternative to extended plant shutdowns over Christmas and the New year, unless demand impn§ves drastically in the nexvfew weeks. A German iron and steel industry association spokesman said about 10 per centReuter - 129 words
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Article119 1976-11-10 3 Reuter SEOUL. Tues. Work has begun on construction of a joint South Korean-Iranian oil refinery with a daily capacity of processing 60,000 barrels at the southeastern town of Onsan. The US$lBO million refinering will be financed on a 50-50 basis by the stateowned National Iranian OilReuter - 119 words
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263 1976-11-10 3 Reuter GENEVA, Tues Successful conclusion next year of protracted negotiations to free the flow of world trade remains a viable goal unaffected by a change of president in the United States, a senior American official at the General Agreement on Tariffs andReuter - 263 words
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Article127 1976-11-10 3 Reuter WASHINGTON, Tues IMF staff officials will hold one of their regular consultations with gold dealers here today, informed sources said. The sources noted that staff members have met with bullion dealers on a fairly regular basis ever since the fund decided to dispose ofReuter - 127 words
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Article65 1976-11-10 3 Reuter TOKYO. Tues. An International Monetary Fund team will hold annual consultations with Japanese Government officials for nine days from Nov 24 to exchange views on the economic and monetary situation In Japan, Finance Ministry officials said. Banking sources said the IMF officials might suggest thatReuter - 65 words
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Article59 1976-11-10 3 Reuter HONGKONG, Tues. The Asian Development Bank has again postponed until the first quarter of next year plans for a 25 to 30 million Asian dollar seven-year issue, bond market sources said. They added the latest postponement reflects procedural problems within the bank itself and follows aReuter - 59 words
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419 1976-11-10 3 LONDON, Tues. Reuter THE possibility that Washington may adopt a crash programme of new expansionary policies could accelerate inflation to nearly double digit rates by the latter part of next year, according to Mr. Albert Cox, g resident of MerrillReuter - 419 words
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311 1976-11-10 3 NYT UPI ATLANTA, (Georgia), Tues. Economist Paul McCracken warned- yesterday that unless Presidentelect Jimmy Carter resists pressure to stimulate the economy, the United States could experience a recession about 1978. Mr. McCracken, chairman of the Council of Economic Advisers under former President Nixon,NYT; UPI - 311 words
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176 1976-11-10 3 Reuter MELBOURNE, Tues. A series of recent maintenance bans by oil refinery workers has cut Australian petroleum products output to roughly 60 per cent of capacity. Oil Industry Secretariat director Lawrie Armstrong told Reuter. The bans have stopped production at Shellrefining (Australia) PtyReuter - 176 words
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216 1976-11-10 3 Reuter ZURICH. Tues An improvement in the reserve position of the South African Reserve Bank, with a consequent reduced gold offering, appears to be the main factor behind the gold price rise of the past few days, Schweizerlsche Bankgesellschaft Foreign ExchangeReuter - 216 words
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161 1976-11-10 3 Reuter LONDON, Tues. North Korea is shipping gold to Britain for the first time since January, British customs data shows. Its shows North Korea exported 1,017 kilograms of gold valued at £1.98 million in September, after total sales of 1.117 kg valued atReuter - 161 words
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326 1976-11-10 3 SEVERE policy differences between Mr. Jimmy Carter, US presidentelect. and Dr. Arthur Burns, chairman of the Federal Reserve, now seem likely to be an early source of friction when Mr. Carter takes office in January next year. Already a rumble326 words
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Article, Illustration218 1976-11-10 3 NYT NEW YORK, Tues. The Dow Jones industrial average plunged 9.39 points yesterday amid increasing fears over the sluggish economic recovery as well as concern that policies likely to be followed by Presidentelect Jimmy Carter might lead to stepped-up inflation. The drop in theNYT - 218 words
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632 1976-11-10 3 NYT NEW YORK, Tues. The success of the Municipal Assistance Corporation in selling US$25O million in new MAC bonds last week clearly reflected a feeling on the part of individual investors that president-elect Jimmy Carter would cure New York city's financialNYT - 632 words
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Page 2 Advertisements
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Advertisement378 1976-11-10 2 He is the new child in a new age. He needs the encyclopaedia for today. Britaimka 3. The child of today is more involved. More aware. \nd must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He needs378 words
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Page 2 Miscellaneous
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Miscellaneous41 1976-11-10 2 Vou cc JePvLOuS x: RjT vom? P*Cn OUT v L\v<£. TwpiT > k 4P i roe, pmd rnv S>MPOCXO bristow: Frank Dickens moCtiniG rll u>eu.,*" \T ISN'T TPvW-OT-Twc De DO De߀-,PvroiN OLD r^PiN? of course Pkco UWO VOOULDW'T U*"VyA SUCH p» Trn41 words
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Miscellaneous232 1976-11-10 2 SINGAPORE 5 3.00 P.M. Opening Announcements fol-' lowed by December Bride "The Scotch Show" 3.30 Diary of Events (Malay) 3.35 General Hospital 4.15 Fokas (Malay) (r) 430 Intermission 5.55 Opening Announcements followed by Secret of ISIS "Lucky" 0 6.20 Consumers' Guide (English/Malay) 6.30 News in Brief 1 6.35 Wildlife in232 words
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Page 3 Advertisements
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Advertisement38 1976-11-10 3 m ar: I I m r# *2*o 9 m meSI I fn&sij ffe fcttSß frriT-a, »£T «g t lit fi 1 cm 4 nt> ■St. Nsr arr; 15 :e i JffT* WT?V*S »i; -m&M jtpjji k fi 438 words
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Advertisement164 1976-11-10 3 •See Page 7, OFFICE FURNITURE SYSTEMS AND FURNISHINGS FOR A BETTER NNORKING ENNIRON/MENf n w 5 SKorm. Bw*': />•"'>» r— 111 *V J mil F *.r M mm, V* 1 m LC s 7 a danflex f/N OFFICE FURNITURE PROGRAMME see the complete range at our new show-room WM South164 words
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COMPANY NEWS
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1238 1976-11-10 4 KULIM Malaysia expects production of palm oil to soar from around 33,000 tonnes this year to 63,800 tonnes In 1981 following its purchase of oil palm planted land from the Johore State Economic Development Corporation. This is indicated in a1,238 words
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Article90 1976-11-10 4 GILANI Jute and Textile Mills (M) has informed the Kuala Lumpur Stock Exchange that there will be a slight delay in obtaining the proceeds of U*****,000 derived from the sale of its entire plant and machinery. This is because of the slight delay on the part90 words
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668 1976-11-10 4 SINGAPORE Eldal Corporation is to fold up its entire wood veneer and plywood business soon. SEC chairman, Mr. Teruo Fukao says in his latest annual report that it is no longer possible to maintain its basic business of manufacturing and selling wood veneer668 words
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256 1976-11-10 4 AFTER suffering a 36.6 per cent setback at midterm, Singapore Land staged a good recovery in the second six months to reduce the profit shortfall for the full year to only 8.4 per cent. For the year ended Aug 31, 1976, consolidated pre-tax256 words
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Article111 1976-11-10 4 TROPICAL Veneer has told the Stock Exchange of Singapore that it is unable to give an "appropriate answer" to its query on the outcome of its appeal to United Malayan Banking Corporation for a reconsideration of the decision to place the company under receivership. This Is because the111 words
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Article841 1976-11-10 4 PARIT Perak Holdings has reported a buoyant 66 per cent Increase In group pretax profits to M 53.12 minion for the year ended June 30, 1976. The bumper earnings were achieved on the back of a 64 per cent rise In gross Income to $3.60841 words
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Article315 1976-11-10 4 Current payment Ex Date Date paynMe Total far the year Total for previous year ILL. Kepong P.M.C. Robinson A. Hitam Rubber 8*1. Coconut Sthn. KinU (J.O.B. EMoOrd. Emo Pref. B.M. Tnutwi T. Cement Pref. Tractor* A loon Hongkong Land Kuala SWbm S.B.S. Rot hum 5* 10%+ 10% 19%315 words
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373 1976-11-10 4 THE Stock Exchange of Singapore has asked Robinson's to explain why It did not make a prompt disclosure on certain matters relating to the fire which destroyed Its Raffles Place store In 1972. They were: The settlement on June 5,373 words
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COMPANY MEETINGS
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Article20 1976-11-10 4 Robinson Company Ltd.: THE following company meetings are due: Nov. 11, 12 noon, Regency Room. Raffles Hotel, Beach Road. Singapore.20 words
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Article15 1976-11-10 4 Nov. 12, 11 a.m.. Registered Office, No. 50 Jalan Ampang. Kuala Lumpur.15 words
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Article13 1976-11-10 4 Nov. 12. 11.30 a.m., No. 50, Jalan Ampang, Kuala Lumpur.13 words
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19 1976-11-10 4 Nov. 15, 10.30 a.m., at the E O Hotel, Leboh Farquhar, Penang.19 words
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Article19 1976-11-10 4 Nov. 15, 3 p.m., at the Johore Bahru Rest House, Jalan Sungei Chat, Johore Bahru.19 words
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Article16 1976-11-10 4 Nov. 16, 3 p.m. 2nd Floor, Bangunan G.G.1., 68 Jalan Ampang. Kuala Lumpur.16 words
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19 1976-11-10 4 Nov. 17, 12 noon. Registered Office, 7th Floor, Grand Building, Phillip Street, Singapore 1.19 words
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Article16 1976-11-10 4 Nov. 17,12 noon, at the Regent of Kuala Lumpur, Jalan Imbi, Kuala Lumpur.16 words
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Article15 1976-11-10 4 Nov. 18, 12 noon, at the Kuala Lumpur Hilton Hotel. Kuala Lumpur.15 words
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Article19 1976-11-10 4 Nov. 19. 12 noon, at the United Nations Room, The Regent of Kuala Lumpur Hotel.19 words
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17 1976-11-10 4 Nov. 24. 12 noon. Hotel Jaya Puri, No. 2. Jalan Barat, Petaling Jaya.17 words
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Article16 1976-11-10 4 Nov. 26, 11.30 a.m., 0.C.8.C., Centre Auditorium. 19th Floor, Chulia Street. Singapore 1.16 words
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Article18 1976-11-10 4 Nov. 27, 12 noon, 5 E Foh Chong Building. 66 Jalan Ibrahim Johore Bahru.18 words
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Article13 1976-11-10 4 Nov. 30, Registered Office, Sungei Way Brewery, Petaling Jaya. Selangor.13 words
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666 1976-11-10 4 RICHARD ROLFE - SOUTH AFRICAN STOCK MARKET By RICHARD ROLFE Financial Times DESPITE the adverse economic and political outlook In South Africa, the Johannesburg capital markets are enjoying a period of considerable buoyancy. On the equity side alone, eight rights Issues or Issues of convertibleFinancial Times - 666 words
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Article1112 1976-11-10 4 On November 8 PRICES on the Chicago Board Options Exchange on Monday were lower, with losers topping gainers, 432 to 65. Turnover was about 69,279 contracts. OPTION JAN APL JLY 8TOCK Alcoa 45 7 NOL NOL 91 5/8 Alcoa SO 3 41/4 6 91 9/8 Alcoa 991,112 words
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Page 4 Advertisements
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Advertisement169 1976-11-10 4 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words eoch. There is169 words
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INTERNATIONAL COMPANY NEWS
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Article456 1976-11-10 5 Reuter TOKYO Tues. Honda Motor expects net profit of 16.50 billion yen for the year ending Feb 28, compared with 11.95 billion the previous year, a company spokesman said. Public relations division manager, Mr. Ryoji Sakurada. told Reuters gross sales would rise to 663.70 billion yenReuter - 456 words
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Briefly
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Article109 1976-11-10 5 Reuter SYDNEY, Tues. Custom Credit Corp has enjoyed 31.4 per cent increase in net profit to A 515.55 million ($11.83 million) for the year ended Sept 30, 1976. Gross revenue rose by 39.1 per cent to $155.7 million ($111.9 million). After extraordinary items, the profit was $16.79 millionReuter - 109 words
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Article47 1976-11-10 5 LONDON, Tues. Vauxhall Motors, a subsidiary of General Motors Corp said it raised prices in the UK by an average of 5.6 per cent from midnight yesterday. British Leyland prices went up six per cent and Ford Motor increased prices by a similar amount last week.47 words
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Article42 1976-11-10 5 TOKYO. Tues. After-tax profit at Nippon Yusen Kaisha fell from 476 million yen to 459 million yen in the first half-year ended Sept 30, 1976. despite a 54.8 per cent increase in gross sales to 290.6 billion yen (187.7 billion yen).42 words
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Article110 1976-11-10 5 OSLO. Tues. Operating profit at the Aker Group of Shipyards increased by 87.6 per cent to 37.9 million crowns (20.2 million crowns) in the first eight months of this year. This compares with the 28.5 million crowns earned for the whole of last year. Gross sales rose110 words
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Article57 1976-11-10 5 TOKYO, Tues. A 42 per cent jump in after-tax profit to 3.71 billion yen (2.61 billion yen) has been reported by Kyoto Ceramic for the first six months ended Sept 30. 1976. Gross sales rose by 49.3 per cent to 20.19 billion yen (13.52 billion yen). It is57 words
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Article31 1976-11-10 5 TOKYO, Tues. Nissan Motor said it raised retail prices of all Datsun cars in the British market by between 2.5 and 12.5 per cent following the fall in sterling.31 words
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Article48 1976-11-10 5 TOKYO, Tues. On gross sales up from 42.23 billion yen to 46.88 billion yen, after-tax profit at Mitsui Real Estate Development increased from 1.54 billion yen to 1.73 billion yen for the first six months ended Sept 30, 1976. The interim dividend is maintained at 3.75 yen.48 words
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Article106 1976-11-10 5 Reuter MANILA, Tues. The private Iligan Coconut Industries Inc (ICII) plans an export oriented oil mill in the southern city of Iligan, the official Philippines News Agency said. It did not say when the oil mill will be built but said it has been registered withReuter - 106 words
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Article51 1976-11-10 5 Reuter HALIFAX. Nova Scotia Tues. Volvo Canada said it reopened its Halifax car assembly plant following a ten-week shutdown resulting from the lockout of dockworkers by the Maritime Employers' Association. The lockout, which ended on Oct 18, had prevented the company from getting parts normally shipped through Halifax.Reuter - 51 words
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Article156 1976-11-10 5 Reuter TOKYO, Tues. Mitsubishi Motor Corp said it indefinitely postponed its plan to produce cars jointly with Chrysler Corp in Britain. France and Spain, in view of strong opposition to it in these countries. A company spokesman told Reuter public reaction to the plan, originally broachedReuter - 156 words
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Article722 1976-11-10 5 GEOFFREY OWEN - By GEOFFREY OWEN FT VERY large companies, especially those formed by recent mergers, have proved difficult to manage. Partly for this reason, the value to the economy of small and medium-sized enterprises is more widely appreciated than it was a few years ago. Yet Government mergerFT - 722 words
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242 1976-11-10 5 Reuter NEW YORK, Tues. The recent passage of the 1976 Tax Reform Act hti resulted in requests for the Chicago Board Options Exchange to initiate 12-month options. Under the new law, the holding period to obtain long-term treatment for capital gains rises from sixReuter - 242 words
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157 1976-11-10 5 Reuter SAN FRANCISCO, Tues. Getty Oil is to take over Skelly Oil and Mission Corp under an agreement reached between the three companies. The agreement has to be approved by the board of directors of all three companies and the shareholders, the announcement said.Reuter - 157 words
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Article70 1976-11-10 5 TOKYO, Tues. A tremendous increase in profit has been reported by Toray Industries for the first six months ended Sept 30, 1976. Net profit jumped nearly six times to 3.15 billion yen compared with 527 million yen last time though gross sales only rose by 16.470 words
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Article48 1976-11-10 5 TOKYO, Tue» After-tax profit at Teijin jumped from 1.04 billion yen to 2.04 billion yen for the first lix months ended Sept 30. 1976. Gross sales were up from 174.25 billion yen to 177.28 billion yen. It is paying an interim dividend of 2.50 yen (nil).48 words
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Article225 1976-11-10 5 LONDON, Tues. With overseas earnings showing good growth. Associated British Foods has enjoyed a 21.9 per cent increase in pretax profit to t'31.2 million (C 25.6 million) for the first six months ended Oct 2, 1976. The improving trend is expected to continue in the current225 words
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Article80 1976-11-10 5 HONGKONG, Tues. For the first nine months ended March 31. 1976, Mai Hon Enterprises has reported net consolidated profit of HK$6.6 million. For the year to end-June, 1975, profit was $7.6 million. The company earlier announced a dividend of four cents for the nine months (4.75 cents).80 words
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Article218 1976-11-10 5 LONDON, Tues. With better margins from Its UK operations, Lucas Industries has enjoyed a 72.7 per cent Jump in pre-tax profit to 155.84 million (132.34 million) on a 26.1 per cent increase in sales to £719.28 million (£570.18 million) in the year ended July 31, 1976.218 words
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Article228 1976-11-10 5 Reuter NEW YORK, Tues. Reporting a big plunge In third quarter earnings, Benguet Consolidated of Manila said it will have to consider the suspension or phase-out of gold operations if it does not receive a gold subsidy from the Philippine Government or gold prices doReuter - 228 words
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Article160 1976-11-10 5 OSAKA. Tues. Sharp Corp's net profit in the current year to March 31 1977 is expected to reach 5.60 billion yen, more than double the 2.73 billion in the preceding year, company president, Mr. Aklra Saeki, said. Revenue for the year will rise 44 per cent to 290.20160 words
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183 1976-11-10 5 Reuter TOKYO, Tues. Net profit at Furukawa Electric is up 183.1 per cent to 521 million yen (184 million yen) in the first six months and the company expects the bullish trend to continue in the current half to produce 1.02 billion yen (464 millionReuter - 183 words
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274 1976-11-10 5 NYT NEW YORK, Tues. The incoming chairman of the Securities Industry Association, a national trade association of some 600 brokerage and investment banking firms, said that he expected more brokers to offer commission-rate discounts to their retail customers. Mr. David W. Hunter, presidentNYT - 274 words
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Article148 1976-11-10 5 Reuter TOKYO, Tues. ishika-waJima-Harima Heavy Industry has reported aftertax profit of 5.63 billion yen (4.03 billion yen) for the first half-year ended Sept 30, 1976. Gross sales were up from 290.98 billion yen to 293.78 billion yen. The interim dividend is unchanged at three yen. IHIReuter - 148 words
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Article164 1976-11-10 5 Reuter ZURICH, Tues. Gross earnings of .Schweizerlsche Bankgesellschaft this year are expected to be between two and five per cent higher than 1975, with net earnings showing a slightly higher rise, (1975 net profit of 208.9 million francs) General Director Mr. R. Holzach said. IncomeReuter - 164 words
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Article256 1976-11-10 5 Reuter SAN FRANCISCO. Tues. Third quarter profits of the 25 largest US oil companies totalled US$2.9B billion, nine per cent higher than the $2.73 billion in the same 1975 period, the American Petroleum Institute said. The increase was lower than that of 418 industrialReuter - 256 words
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Article146 1976-11-10 5 LOS ANGELES, Tues. A consortium led by New York investment banker Charles Allen and Michigan Shopping Centre developer, Alfred Taubman has offered to acquire Irvine Co with a higher bid than either Mobil Corp or Cadillac Falrvlew. Mr. John Gotllef, a spokesman for the consortium, said the146 words
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Article120 1976-11-10 5 Reuter GLADSTONE. Tues. The Queensland Alumina refinery, struck by 850 refinery workers. Is expected to resume operations towards the end of the week, industrial sources said. The resumption follows a vote by 850 workers at the plant in favour of a return to work. A unionReuter - 120 words
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Article212 1976-11-10 5 LONDON, Tues. The five-year Eurocurrency loan being arranged for Denmark has been increased to US$35O million from the $300 million originally proposed, Eurocurrency bankers said. The increase was decided on by the management Koup before the loan was unched into general syndication this weekend and212 words
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Article19 1976-11-10 5 LONDON, Tues. The North Sea gas consortium is to raise 100 million marks in the Eurobond sector, West-19 words
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Article50 1976-11-10 5 BRUSSELS, Tues. The European Coal and Steel Community is Issuing an 80 million Swiss franc SV« per cent, 15-year loan at par on the Swiss capital market, the EEC Commission said. This bring total loans raised by the steel community to 3.93 billion European units of account, it added.50 words
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Article31 1976-11-10 5 BASLE, Tues. The 80 million franc, 5% per cent 15 year loan floated by Asea at 99.5 per cent on the swlss capital market was considerably oversubscribed, Schweizerischer Bankvereln said.31 words
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Article124 1976-11-10 5 Reuter DETROIT Tues. The United Auto Workers Union set a strike deadline of midnight, Nov 18, for a new contract with General Motors Corp. Union officials, announcing the deadline at a press conference, said there has been little progress in talks with GM in the past four months,Reuter - 124 words
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Page 5 Advertisements
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Advertisement496 1976-11-10 5 Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor nations to gain some control over their own economies and the role of IMF in frustrating these efforts. A496 words
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Article1943 1976-11-10 6 SECTION ONE INDUSTRIALS Gr'i Gr'§ 1976 Lait div Div yld P/E Vol Day High Low Company Sale +or- c'vr cooo) High Low 250 170 Acma 170 -3 12.ON 1.1 7.0 8 5 1 170 170 206 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc1,943 words
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Article1112 1976-11-10 6 BID and offer prices officially listed and business In and reported to the Stock Exchange of 81n«apore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,112 words
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Article152 1976-11-10 6 SINGAPORE UNIT TRUST (Miufer'i price* for Nov 10) The Commerce i 70 1.80 The Saving fund 0.97 102 S'pore Prog Fund 0.81 0 86 S'pore Security Fund 1.27 1.34 S'pore Invest Fund ...1.02 1.06 ASIA UNIT TRUST (Manager's price* for Nov 10) Mai Invest Fund 1.67 1.78 Mat152 words
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Article420 1976-11-10 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lat Dec 1977 (1.000.000) (101.688 101.78S) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/15 th Apr 1978 (1.000.000) (101 648 101.725) S'pore Govt 6 3/4% Taxable Loan No 1 With A420 words
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Article989 1976-11-10 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIAL* AJlnamata (1 858 1.908). Alts. Maid (0 906) A. Ch.« (0.088)989 words
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Advertisement119 1976-11-10 6 ■pmm tbTeooo stmt. mm mm mm pubuutim hbmi swans division WOLSEY HALL COURSES Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Administrative Practice Secretarial Company Secretarial Practice General119 words
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Article541 1976-11-10 7 QUIET trading with an easier bais continued at the Stock Exchangs of Singapore yesterday. Right from the first boll sentiment was affected by the general weakness in the overseas markets including London, Wall Street and Hongkong. Genuine investment support was still seriously lacking as investors and institutions541 words
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Article567 1976-11-10 7 SHARE prices ended fractionally lower at the Kuala Lumpur Stock Exchange yesterday. The lack of range and volume continues to be a conspicuous feature as operators remained on the sidelines. Typical of a market that has yet to find a lead, prices started off on an567 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article882 1976-11-10 7 NEW YORK: Wall Street'* concern over the state of the economy sent stock prices sharply lower again on Monday, extended Friday's decline when the market took Its worst hammering In more than five weeks. The Dow Jones Industrial average fell 9.39 points to 933.08 and declining Issues outnumbered882 words
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Article380 1976-11-10 7 HONGKONG: The market closed easier on Tuesday, but above the day's lows In moderately active trading, after opening sharply lower In reaction to falls In London and Wall Street, dealers said. Wheelock Marten traded as low as HK52.75 at one stage but recovered to close 2.5 cents above last380 words
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Article341 1976-11-10 7 SYDNEY. The market fell on Tuesday to a new low for the year with sentiment affected by current economic conditions and the prospect of higher Interest rates, dealers said. The Bydney All Ordinaries fell 7.52 points to 419.23. NOV 89 Cents 4/INDUSTRIALS A. C. I A. D. C A.N.I341 words
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Article106 1976-11-10 7 MANILA: The market fell across the board on Tuesday, on heavy selling, dealers said. NOV W Pesos Acoje Mining .015 unch Atlas Con. A 32 00 -1 Atlas Con B 32 50 -1.5 Baguio Gold 014 -0 001 Benguet Con B BF Goodrich CDCP Inco B. Lep&nto B .1150106 words
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Article376 1976-11-10 7 TOKYO. The market closed higher in moderate trading, on Tuesday, dealers said. The Dow Jones average rose 30 29 to 4,558.90 with volume 180 million shares. The New Index closed at 346.18. uo 1.33. NOV 0* Yen Ajlnomoto 431 Akal 3se -4 Asahi Chem MS -I Asahl Glass 327376 words
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Article331 1976-11-10 7 JOHANNESBURG: Gold shares firmed on Monday reflecting the trend in bullion overseas, dealers said. An early scrip shortage eased later as some profittaking appeared. NOV M Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC ATI Bankor Barlows Cg Sugar CNA Currle Finance De Beers Ind Edcon Edgars Everead331 words
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Article298 1976-11-10 7 PARIS: The market was lower on Monday, but constructions were mostly steady, dealers said. NOV Frs CORBE1LLE Air-Llquide B S N Gervals Danone C8F(ThomjonC»f) Cle Francalse desPetroles Citroen SA Compafnle Financier* Compagnie Generate Credit Fonder De France Hachette 324 90 505 162.10 93 50 39 50 240 ***** -0.1298 words
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Article276 1976-11-10 7 AMSTERDAM: The market was mostly lower In dull trading on Monday. It fell in early trading and later stabilised around the lower levels. Dutch Internationals all closed lower with Royal Dutch 2.60 guilders down. NOV «K FIs Ahold 82 80 -0 2 Akzo 27 80 •1.1 Algbank 280 00276 words
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Article75 1976-11-10 7 Bah is Ail* Fibre IIS Bangkok Bank 231S Bangkok Invest 147S Bangkok-Metro-politan Bank Bata BerliJucker 157 1 Charoong Thai Wire 1418 Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal lfiSS -5 J And J Ho 241 unch Jalaprathan Cement 71S unch Kamasuta Lee Kwang Mln Metal Box 3 7075 words
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Article210 1976-11-10 7 FRANKFURT Most shares lost up to around four marks on operator position-closing and Institutional selling on Monday, after the firmer trend at the end of last week and 1 I 0 1 oireei s pre-weekend losses. market sources said. NOV Dm AEG ■3.00 -1.3 Akso w A Hz Leben210 words
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Article220 1976-11-10 7 ZURICH: Stock market closed generally weaker in fairly active trading on Monday, Influenced by the pre-weekend setback on Wall Street. The Credit Suisse index fell 2.1 points to 206.2. NOV w Francs Actions Suisses 242 2 Alusuisse Br 1230 30 AlusuisseReg 478 -4 Brown Boveri Br 1480 -35 t'lba220 words
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Article160 1976-11-10 7 BRUSSELS: Prices closed generally mixed on Monday In quiet trading and movements were small, with lower Belgian domestic Interest rates offsetting last Friday's lower Wall Street. Bourse sources said Eiectrobel, UCB and Arbed rose but Hoboken, Solvay and CBR fell. German, Dutch. US and French stocks fell, UK shares160 words
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Article226 1976-11-10 7 TORONTO. Share prices in all sectors but gold slid sharply downward on Monday in light trading on the Toronto market. Analysts attributed the fall to sympathy with New York. Volume totalled 1.49 million shares, compared with Friday's 2.11 million. NOV 08 C$ Ablttbl 10H Mean 23*. Algoma 22 Bank226 words
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Article124 1976-11-10 7 MILAN: The market closed easier at the day's lows in very quiet trading on Monday Bonds were marginally firmer in quieter trading. NOV Oft Lire Ante 381 -12 Assoc Gen ***** -700 Bastogt 853 -18 Centrale 6811 -179 Flat 1381 -12 Finsider 216 -7 Gen Immob 92 50 -4124 words
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Article770 1976-11-10 7 LONDON. Tues. The stock market closed firmer on balance in small volume. At 3 p.m.. the Financial Times index was up 17 at 292.7 The lower trend in equities was arrested as Government bonds rose in response to the stronger performance of sterling. Longer maturities recovered as much as770 words
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Article102 1976-11-10 7 FINANCIAL TIMES INDUSTRIALS 291 0 Friday 308 0 Week ago 286.3 TINS Monday 117.21 Friday 117 01 Week ago 121 84 RUBBERS Monday 488 54 Friday 478 00 Week ago 484 67 OILS Monday 352.01 Friday 368 70 Week ago 362.34 DOW JONES AVERAGE INDUSTRIALS Monday 933 68 Friday102 words
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Advertisement98 1976-11-10 7 cm me a BM6HIER FUTURE in ACCOUNTANCY with FDUIKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial98 words
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COMMODITY REPORTS AND PRICES
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Article660 1976-11-10 8 THE Singapore rubber market yesterday opened firmer following higher London prices and rose further on covering demand and forward enquiries following reports of new East European orders, dealers said. Turnover was moderate. The market ended the morning quiet with December RSS one buyers quoted at 211.00 cents per660 words
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Article95 1976-11-10 8 DAILY SSR and SMR prices t. noon yesterday Not. Dm. R.A.S. (Cum ■at Mtk) (Forward Mtk) Bur*r* (oeoti Mian Buyot V Seller* ipvkc) (cm its park*) SSR 20 (1—ton Pallets) 192.00 184.OON 183.00 195.OON SSR SO (1-ton Pallet) 188.50 181.SON 180.90 182.50N M.K.E.L.B. SMR5CV (1—ton Pallet) 218.S095 words
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Article241 1976-11-10 8 THE Straits tin price In Penang yesterday rose $11.62 ft to close at $1,220.00 per plcul on an official offering down 30 tonnes to 280 tonnes. In LONDON yesterday, tin declined by £59 per tonne for Cash and £40 for Three Months. Dealers said early premarket steadiness reflecting241 words
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Article30 1976-11-10 8 Rubber: Nov 9 Singapore: Doc. 210.00 eta (up 1.2S cte.) Malaysia: Doc. 215.2S cts. (up 0.75 eta) Tin: $1,200.00 (up lU.C2U) Official offering: 280 tonnes (down 30 tonnes)30 words
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Article92 1976-11-10 8 LONDON, Tues. Lead fell £4.25 per tonne for Cash and £4 for Three Months. This metal sagged in sympathy with copper in fairly routine two-way trading. Three Months traded from a high of £295 per tonne in the ring down to £293 on the kerb. Of sales of 2,07592 words
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Article114 1976-11-10 8 THE following Palm Oil prices were quoted In London on Monday The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated. Monday Prev Malaysian 5% ffa bulk Dec 4«0' 49Mr Jan/Feb 4«0slr 4N* Sumatra S% Nov 475slr 480slr Dec 470»lr 475alr114 words
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Article248 1976-11-10 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $72 sellers, old drum $77 sellers, new drum >82 sellers. Copra: Mixed (loose) UK/Cont. *45 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW *325 sellers. Sarawak white f ob 98% NLW $307* sellers, Sarawak special248 words
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Article361 1976-11-10 8 IN the Singapore gold market yesterday prices held the substantially higher levels established overnight in London and New York. For London delivery. There was active two-way trading within a range of US$l3l.BO to $132.50, up $3.00 on Monday's prices. The kilo bar was quoted at 5510,500 on a small361 words
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Article256 1976-11-10 8 LONDON, Tues. Copper wire bars lost £13 per tonne all round. Dealers said the market retreated from Monday's higher ground under profit taking and stale bull liquidation prompted by lack of follow-through at New York and the firmer trend in sterling this morning. Three Months business was reported on256 words
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Article69 1976-11-10 8 LONDON, Tues. Zinc fell £6 per tonne for Cash and £6.75 for Three Months. Prices were marked down following the general trend in base metals with liquidation and hedge selling taking Three Months down to £381 per tonne before modest short covering pared losses. On the kerb, however, the69 words
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Article176 1976-11-10 8 CHICAGO, Mon Soybean futures were unable to hold early gains and retreated late In the session to close 1-1/2 cent a bushel higher to 1-1/2 cent lower. Prices were Just below the day's highs when lack of upward momentum prompted local traders to take profits. After brief initial softness176 words
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Article186 1976-11-10 8 CHICAGO, Mon. Wheat futures closed at or Just above new seasonal lows, posting losses of I%> to 2% a bushel. Speculative selling depressed prices as corn futures showed early weakness but support appeared around the previous contract lows and an advance in soybeans prompted buying which brought small gains.186 words
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Article61 1976-11-10 8 BANGKOK, Tues. —Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzain: Unchanged. Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yester- day. the market was steady with prices unquoted. The day's turnover totalled 293 tons comprising Thais 96 tons. Kwangtungs 117 tons and Australias 8061 words
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Article140 1976-11-10 8 Reuter LONDON, Tues. A total of 51.252 packages of tea were offered at this weeks auction, the Teabrokers Association reported. Despite some irregularity, Assams were well competed for at generally fully firm to dearer rates with best liquoring ctc brokens and pekoe dusts meeting particular strong support.Reuter - 140 words
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MONEY AND EXCHANGES
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Article589 1976-11-10 8 STERLING steadied yesterday at the U551.6150 level, without any sign of drifting down further. Commercial buying of the currency gave it another boost. With London entry in the afternoon sterling moved up to the US$l.62 level. In Singapore, the US$ opened fractionally weaker at 552.4545 but with some buying589 words
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Article156 1976-11-10 8 Asian rates ASIAN currency deposit Interbank rates as at close on No*. S. US Doll* in (Spot) Offer Bid 7 days 51/16 415/16 1 mth 413/16 411/16 2 mths 53/16 51/16 3 mths 5 3/8 51/4 mths 5 13/16 511/16 8 mths 6 5 7/8 12 mths 61/8 6 Sw.156 words
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Article53 1976-11-10 8 RANOE of prices ottered by discount houses on Nov 8 Overnight 2 to 3 1/8% Call deposit 2 3/4 to 3 1/8% in Buy "M Selling 3-Month Treasurer bills 31/8 3 3-Month Bank bills 4 1/18 315/16 3-Months CD 43/18 4 1/16 6-Month 4 9/18 4 7/18 Source:53 words
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Article144 1976-11-10 8 Euro rates LONDON, Tues. Period Eurodollar deposits opened 3/8 to 1/10 lower reflecting the Friday dealing technicality with the market dealing for Friday due to the US Veterans Holiday closure on Thursday. Overnight was the major mover in early trading with the rate dropping nearly a full point from opening144 words
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Article285 1976-11-10 8 LONDON, Tues. Sterling attracted general demand in opening transactions, moving up to 1.6200/15 against the dollar from 1.6165/80 overnight. European currency markets are starting to react positively to reports that EEC Finance Ministers in Brussels on Monday privately discussed the possibility of a follow up package to help the285 words
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Article178 1976-11-10 8 NEW YORK. Mon. The dollar closed slightly weaker on balance compared with the close on Friday. Trading was described as calm. Sterling closed lower at U551.6150/60 from 1.6210/30 on Friday amid conflicting news of possibly higher British public sector borrowing and reports that EEC ministers discussed helping the178 words
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Article139 1976-11-10 8 TOKYO, Tues. The US dollar for overnight dellvery closed firmer at 294.15 yen against 293.90 at the opening, but was down from 294.33 overnight after brisk trading, dealers said. The dollar declined in line with the trend in overseas centres, before recovering In late trading as the lower levels139 words
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Article131 1976-11-10 8 HONGKONG, Tues. The US dollar remained at a 19 month low of HK54.7870/ 7890 In late afternoon business, below the midday level of 4.7910/ 7920 and compared with 4.8280/ 4.8300 ruling on Nov 2, dealers said. They attributed the strength of the local unit to some speculative selling, a131 words
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Article49 1976-11-10 8 Minimum lending rates (in ACBC 7 Algemene Bank 7 Citibank Bangkok Bank Bank of America Bank of China... Bank of Tokyo 7V, ..7 .7* 7 HKSBC Indosuez Malayan Banking .7 Bank Negara Indonesia .7'/« OCBC miR Chartered Bank 7 UCB 7' Chase Manhattan 7 UMBC 7 DBS .6 UOB49 words
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Article43 1976-11-10 8 ZURICH exchange quoted on Nov 9: US 2.4417-4427 UK 3.9605-9635 Can 2.5090-5110 W'Germ 101.11-21 Neth 96 78-86 France 48.96-49.01 Belg 6.581/2-59-1/4 Denm 41.33 36 Norw 46.13-17 Swed 57.63-68 Italy 0.2821-2825 Australia 14.24 26 Port 7.77-80 Spain 3.57-1/4-57-3/4 Arg 1.25 2.25 Japan 0.83-83-1/243 words
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Article53 1976-11-10 8 AUSTRALIA/NZ exchanges quoted on Nov 9: Australia: Sterling 0.7661 0.7583 US dollar 1.2338 1.2288 Ninety day air mail buying rates: Sterling 0.8020. US dollars 1.2618 Ninety day forward buying rates: Sterling 0.7775. US dollars 1.2177 New Zealand: Sterling 0.5938 0.5903 US dollar 0.9638 0.9539 Ninety day forward rate: Sterling53 words
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Article32 1976-11-10 8 FRANKFURT exchanges quoted on Nov 9: US 2.4110/30 2.4130/40) Can 2.4793/4805 UK 3.910/927 Neth 95.65/80 Switz 98.85/99.00 Italy 2.785/800 France 48.40/55 Norw 45.62/68 Belg Con 6.505/520 Belg Fin 6.455/465 Japan 0.8154/6532 words
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Article283 1976-11-10 8 LONDON, Tues. Eurobonds traded mostly easier where changed in quiet conditions, dealers said. Dollar issues lost up to 1/2 point in little interest and mark bonds were slightly lower among more recent issues but were otherwise unchanged. Guilders continued higher in fairly active trading. Convertible bonds were steady283 words
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Article205 1976-11-10 8 LONDON, Tues. Silver eased between 4.9 and 5.3p per troy ounce. Currency factors and a turn-round in gold were the main depressants on the market this morning, dealers said. At the outset of the ring Three Months traded at 278.0p and slipped to 276.3p before light short covering emerged.205 words
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Article162 1976-11-10 8 LONDON, Tues. Robusta futures opened Irregular £8 higher to i"10 lower compared to Monday's close. Volume totalled 104 lots. Market sources said trading during the opening call was somewhat mixed, influenced by earlier expectations of a lower opening based on the New York close and firmer sterling. Trade support162 words
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Article195 1976-11-10 8 LONDON, Tues. The terminal opened steady on trade buying interest, with prices by the end of the opening call at £0.65 higher to unchanged from Monday's close. Sales totalled 304 lots. In actuals, trade sources said the U*****.74 paid by Sri Lanka for Jan/Feb arrival raw sugar was around195 words
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Advertisement163 1976-11-10 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak, Sabah Australasia/Pacific (excluding Hawaii)163 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1039 1976-11-10 9 LONDON, Tuesday Financial Times THE NEXT year or so should be a fascinating one for European car rental. Avis has tended to have things very much its own way over the past three or four years, but a revitalised Hertz is fighting back with force. A majorFinancial Times - 1,039 words
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Article, Illustration424 1976-11-10 9 TOKYO, Tuesday Financial Times. IF JAPANESE car exports decline next year, as an official forecast last suggested they might, it would be the first reverse suffered by industry for 21 years. For the whole of these two decades Japanese car manufacturers have risen inexorablyFinancial Times. - 424 words
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Article105 1976-11-10 9 FROM this month, Thai International's office in Singapore will be on-line and directly linked to the airline's computerised reservations system. The ROYAL (Reservations Operations Yield and Load Maximising) system the airline is using, enables its office here to receive Instant information on passenger reservations, names and105 words
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Article35 1976-11-10 9 Reuter LONDON, Tues. The government won a parliamentary vote to curtail debate on its controversial aircraft and shipbuilding nationalisation measures by one vote In the House of Commons. Voting was 311 to 310. Reuter.Reuter - 35 words
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Article, Illustration442 1976-11-10 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Andorra (0500 after Balong) 8/7 Crlkvenica (2100 after Christian Maersk) 47 E>eputat Lutsky (after Straat Chatham shifts) 8/9 Golden Eastern (after Myoma Ywa) 25 King River (0800 24 Labu (0700 after Myoma Ywa Yue Flower hauls) 26 Ocean Sailor (hauls 69m West after442 words
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100 1976-11-10 9 Reuter SYDNEY, Tuea. A strike by linesmen who secure vessels to wharves has halted all shipping movements in Sydney and Newcastle a a pokesman for the Maritime Services Board said. The apokeaman aaid 10 ships are held up in Sydney Harbour, which will riseReuter - 100 words
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Article84 1976-11-10 9 MR. CHUA Boon Peng, chairman of Cycle and Carriage, recently Joined the board of Vosper Thornycraft as a non-exe-cutlve director. He took over chairmanship of Cycle and Carriage In 1957 after the dealth of his father Mr. Chua Cheng Bok. Cycle and Carriage was founded In84 words
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Article61 1976-11-10 9 ISLAMABAD, Tues. New Zealand ambassador to Pakistan M.B. Brown said his country would give Pakistan an aircraft for the aerial spray Of fertilizers to help boost the country's agricultural products. Mr. Brown told Agriculture Minister Sheikh Mohammad Rashld that New Zealand would also extend facilities for the61 words
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Article40 1976-11-10 9 Reuter ISLAMABAD, Tues. Pakistan is to give a Boeing 707 aircraft to Bangladesh, which is expected to use It for transporting pilgrims next month to the holy city of Mecca in Saudi Arabia, an official announcement said. Reuter.Reuter - 40 words
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Article566 1976-11-10 9 ARRIVALS Q 36TVK5f Operator Number Local Hum From TMA MAS TL304B MH682 0530 0810 TPE KCH PAA CAL JAL PA841 CIS 16 JL712 0950 1000 1000 SFO/HNL/OUM HLP HLP SIA CPA OIA SQ211 CX710 GA980 1010 1030 1030 HLP HLP HLP THAI THAI OIA T0423 TG981 GA908566 words
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Advertisement86 1976-11-10 9 the. great n derby KUALA LUMPUR Oft 1976 IPOH SING APOR F vch nv't'^ I'l 1' if' tiTTrU BARGE DECK CARGO SPACE AVAILABLE EARLY DECEMBER. DELIVERIES TO PERSIAN GULF AND RED SEA PORTS ROLL ON ROLL OFF STOWAGE AND DISCHARGE. ENQUIRIES FOR CARRIAGE OF STEEL, TIMBER, ETC. WELCOME. SPACE AVAILABLE86 words
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Advertisement294 1976-11-10 9 Ifl/IGHT HOLIDAY/" The Executive's Travel Agent Suite 102 Cathay Building Mount Sophia Singapore 9 Telephone *****2. V I ATA J We Help Ybu lo Mind Your Own Business trade industrVpwde industryl il l mumm mmmn rade&nndustry trader industry 191 OU The Republic's foremost Business Review The regular review of Singapore's294 words
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Article, Illustration1166 1976-11-10 10 CHARLES FOLEY - By CHARLES FOLEY OFNS THE latest foul-up in the great Alaskan oil venture may turn out to be the worst yet, unless quick action is taken. Sometimes next year the oil 1.2 million barrels of it a day will start flowing through theOFNS - 1,166 words
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Article, Illustration915 1976-11-10 10 KATHRYN TOLBERT - By KATHRYN TOLBERT NYT AFTER much wavering and uncertainty and still without nationwide support the Japanese Government h*» decided how to celebrate the 50th anniversary of the reign of Emperor Hirohito. A one-hour ceremony will be held today toNYT - 915 words
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Article1025 1976-11-10 10 DILIP MUKERJEE - Sri Lanka, like many countries in the poorer part of the world, is finding that democratic dissent is costly in many ways. The Premier, Mrs, Bandaranaike, has found that special powers taken to hold down militant demonstrators can be useful in other ways. By DILIPFinancial Times - 1,025 words
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Advertisement808 1976-11-10 10 APPOINTMENTS Industrial Training Board Applications are invited for the post of RESEARCH OFFICER Successful candidates will be expected to undertake the following: 4 1) To compile and evaluate statistical information on the Board's activities. 2) To plan and conduct surveys and prepare reports on studies undertaken. 3) To investigate into808 words
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Advertisement520 1976-11-10 10 NOTICES WTfffWrTIWFfWnW WSWW-VJW. FACTORY AT JURONG FOR SALE AREA: 44,997 Sq. Ft. (Built-up: Factory Space: 21,449 Sq. Ft. Storage Space: Office Space: 5,925 Sq. Ft. 3,600 Sq. Ft. (3- storey) LEASE: Approx. 50 years remained. VACANT POSSESSION: March/ April 1977. FACILITIES: i) Water Electricity supplies; (Power: 415 V/ 1200 Amp/520 words
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Advertisement464 1976-11-10 11 Important reading for all businessmen i ect c* Wo la I i E ■m 1 4 VII <M»t fut i>p**ntritf in M ■■MM *%4*w» 3^. V. Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as your salesmen when you want to talk to them.464 words
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302 1976-11-10 12 Reuter PARIS, Tues. In the face of growing opposition from labour unions of every political shade, Mr. Raymond Barre, Prime Minister of France, yesterday defended his recently announced antl-inflatlon plan. His government was strongly committed to defending the value of the French franc, he toldReuter - 302 words
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466 1976-11-10 12 AP PARIS. Tues. Franc's moderate, pro-government labour unions joined leftist and communist-led unions today in a two-hour "warning strike" of electricity workers against the antiinflation plan of Premier Raymond Barre. The strike highlighted the growing difficulties of Mr. Barre's plan for a threemonthAP - 466 words
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238 1976-11-10 12 KUALA LUMPUR, Tues. Mr. Justice Eusoffe Abdoolcader announced here today that he will give judgement in the Bank Rakyat case on or before Jan 20. The judge said this at the end of the trial of Datuk Harun Idris, the former Selangor Chief Minister,238 words
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Article153 1976-11-10 12 KUALA LUMPUR, Tues. Cuepacs will meet officials of the Treasury and the Public Services Department again on Friday to discuss the cost of implementation of the Tan Sri Ibrahim Ali report. This was disclosed by the secretary-general of Cuepacs, Enclk Jamaluddin Mohamed Isa after a153 words
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Article106 1976-11-10 12 A SUIT against the president for and on behalf of the Rubber Trade Association, has been filed at the High Court by Tan Kah Hock and Company for the refund of about $137,200 paid to the defendant. Tan Kah Hock and Company claim that the money106 words
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225 1976-11-10 12 BY 1980, quartz watches will command about 40 per cent of the world market in watches. This was disclosed to Business Times by Mr. Chia Hoy, managing director of Thong Sia, joint organisers with Seiko-K. Hattori of the Seiko Quartz Fair, yesterday.225 words
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140 1976-11-10 12 BANK of Montreal, Singapore is lead managing a Euro-dollar syndicated loan of sft years maturity. The US$25 million <Ss6l million) loan is to Hanyung Industrial of Korea and is being guaranteed by the Korea Development Bank. Co-managers are Banque Canadienme Nationale (domestic branch,140 words
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102 1976-11-10 12 BARELY three years since Tat Lee Bank began operations in Februarv 1974, and some three local branches later, It Is suiting to range overseas. The bank will be opening its first overseas representative office in Jakarta. The official opening will take place on102 words
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Article30 1976-11-10 12 PEOPLE'S Park Development filed four separate suits against All Best Company at the High Court yesterday for amounts totalling $157,080, being for the possession of the premises.30 words
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Article, Illustration645 1976-11-10 12 A COMBINATION of industrial inefficiency and consumer conservativlsm means that Singaporeans are paying too much for a most staple item the dally loaf of bread. Most of the bread we eat comes from 100-odd bakeries on the island, whose commercial practices have remained unchanged645 words
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Article819 1976-11-10 12 UPI NEW YORK, Tues. More knowledge and understanding of the shipping industry by the International banking community and the provision of stricter financial control and advice were essential ingredients to ensure a stable and growing market. This was the message delivered today at theUPI - 819 words
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Article267 1976-11-10 12 UPI TOKYO. Tues. A labour dispute between Pan American World Airways management and Tokyo ground personnel has forced the airline to cut three of its seven scheduled daily flights out of Tokyo international airport, a PanAm spokesman said today. The spokesman said aUPI - 267 words
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376 1976-11-10 12 THE Post Office Savings Bank will take over from the Ministry of Finance the task of financing Comfort taxis, and will offer competitive terms for the loan. The NTUC Workers' Cooperative Commonwealth for Transport Ltd has successfully negotiated with POSB or $8.25 million376 words
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Article241 1976-11-10 12 Reuter PEKING. Tues. Only one month after he succeeded Mao Tse-tung, a personality cult is being rapidly built around China's chairman Hua Kuo-fcng. Official newspapers laud him as "the wise leader", poets and songwriters sing his praises and his coloured portrait appears increasingly alongsideReuter - 241 words
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140 1976-11-10 12 Reuter KOTA KINABALU. Tues. Sabah State Chief Minister Datuk Harris Salleh said the stat& wealth in the future would rest with agriculture and not the timber Industry. Datuk Harris told Reuter that workable timber areas in Sabah were fast diminishing and therefore ItReuter - 140 words
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168 1976-11-10 12 KUALA LUMPUR, Tues. A second meeting is to be held soon with owners of the Japanese tanker "Showa Maru" to discuss further Malaysia's $20 million claim for compensation as a result of the oil spill near Singapore early last year. The168 words
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Article58 1976-11-10 12 Reuter LONDON, Tues. The UKAustralia conference said the Currency Adjustment Factor (CAF) from UK will be cut to minus 3.54 per cent from minus 1.82 per cent for the container service from Nov 16, and for the conventional service from Dec 9. This follows a review ofReuter - 58 words
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Article27 1976-11-10 12 UPI TOKYO, Tues. Bank of Japan Governor Tellchlro Morlnaga has ruled out the possibility of a cut In the official discount rate this year. UPLUPI - 27 words
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192 1976-11-10 12 AP Reuters WASHINGTON, Tues. Ford administration strategists, searching for ways to salvage the slumping Geneva conference on Rhodesia, have not ruled out direct intervention in the talks by Secretary of State Henry Kissinger. Before taking that step they want to see ifAP; Reuters - 192 words
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Article137 1976-11-10 12 ELECTROCUTION, as well as damage to television sets, may occur through incorrect fitting of metal stands to table-top sets. This warning was sounded by officials of Roxy Singapore, who were alerted to this danger by their service department. Since the Introduction of colour television here, there had137 words
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Article45 1976-11-10 12 Reuter NEW DELHI: Tues. World Bank President Robert McNamara arrived in New Delhi yesterday after a daylong visit to the south Indian city of Hyderabad and said he was here to learn how the bank could be of assistance to India. Reuter.Reuter - 45 words
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Advertisement93 1976-11-10 12 h fip The New Look NOVEMBER 15 ISSUE HIGHLIGHTS ON SALE VNQW ELECTION SPECIAL: How And Why Carter Won Who Is Who In The New Team •BUSINESS: A Global Pause? •CHINA The Thought Reformers •INTERVIEW: Nagisa Oshima "Sex Is Far Better Than War' •THAILAND The Calm After The Coup i93 words
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