The Business Times, 11 November 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, NOVEMBER 11, 1976 50 CENTS
    10 words
  • NEWS SUMMARY
    • Article
      Lock icon New Irish President
      67 1 Reuter DUBLIN, Wed. Dr. Patrick Hillery, retiring EEC social affairs commissioner, will be'inaugurated as the new President of the Irish Republic on Dec 3, it was officially announced here yesterday. Nominated by the main opposition Flanna Fall party, he was the only candidate listed when nominations closed
      Reuter  -  67 words
    • Article
      Lock icon Job offers for Dr. K
      81 1 AP WASHINGTON, Wed. The State Department said yesterday that US Secretary of State Henry Kissinger is not going to consider any offers for employment until after he leaves office. Responding to a report that Dr. Kissinger has been offered a multi-million dollar contract for a
      AP  -  81 words
    • Article
      Lock icon Syrian peacekeepers
      51 1 Reuter HAZMIEH (Lebanon), Wed. A Syrian armoured column rolled through the rightist-held foothills east of Beirut today taking on its new role as an Arab league peacekeeping force. Its deployment along the main Beirut-Damas-cus highway marked a key stage in efforts to end Lebanon's 18-month old civil war.
      Reuter  -  51 words
    • Article
      Lock icon Hussein's call to Egypt
      77 1 AP KUALA LUMPUR, Wed. Malaysia Prime Minister Hussein Onn called yesterday for reactivation of trade and cultural agreements signed between Malaysia and Egypt in the sixties. Speaking at a dinner at his residence last night in honour of Mrs. Anwar Sadat, Datuk Hussein recalled the two
      AP  -  77 words
    • Article
      Lock icon Invasion charge
      51 1 AP TOKYO. Wed. North Korea accused Japan today of planning another invasion of Korea, ruled by Japan for half a century until 1945. The accusation came in a commentary in the official communist party newspaper, denouncing a Japanese outline for a new plan to build up defence forces.
      AP  -  51 words
    • Article
      Lock icon India currency purchase
      72 1 Reuter NEW DELHI, Wed. India has resumed forward purchases ot sterling, US dollars and Japanese yen, suspended on Oct 26 because of the British currency's slide on foreign exchange markets. A Reserve Bank of India statement said forward purchases were resumed on Monday at rates prevailing before
      Reuter  -  72 words
    • Article
      FT index up 9.6
      35 1 LONDON. Wed. The rally in sterling and hopes of a reduction in the minimum lending rate helped push the Financial Times index up 9.6 points to 305.4 at 3 p.m. today.
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    • Article
      Lock icon Dow Jones
      44 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 928.69, down 2.08; 20 transp 211.31, down 0.45; 15 utils 98.10, down 0.12; 65 stocks 97.13, down 0.61. UPI
      UPI  -  44 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      171 1 THE Stock Exchange of Singapore slipped further into the doldrums yesterday as speculative interest faded away. This left the market to move sideways and leading indices showed little change. The Business Times index was 0.77 point higher at 249.46 while the Straits Times Industrial average inched up
      171 words
    • Article
      In Kuala Lumpur
      113 1 Rises Most active Int. Wood SO.62 .07 Haw Par 71.000 U.O.B $3 52 06 Central Sugars 66.000 Esso Ord. $1.67 .05 Sim Lim 41,000 O.C.B.C. $8 05 .05 United Plantations 35,000 M. Cables $2.46 .04 Total Turnover: 0.59 M M. Tobacco $4.88 04 Total Value: M$0 91
      113 words
  • Article
    Khoo presses ahead with Merlin buy
    1191 1 NO 'BUTS' ABOUT IT TAN Sri Khoo Teck Puat will fly to Kuala Lumpur next week in pursuit of his ambition to buy over the Faber Merlin group of hotels in what may amount to be a $60 million deal. He told this to
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  • Article
    Lock icon C-Mart acts on dumping charge
    479 1 Reuter BRUSSELS, Wed. Strained trade relations between Japan and the Common Market took a new turn for the worse today, when the EEC commission opened proceedings against alleged cut-price dumping of ball-bearings by Japanese exporters. A commission spokesman said the actio?* had been taken following
    Reuter  -  479 words
  • Article
    Lock icon Sterling gains five cents
    316 1 Reuter STERLING rallied strongly by about 5 cents in the Singapore foreign exchange market, breaking through the $4 barrier and hovering around the $4.02 level for most of yesterday. Dealers said that the pound rose from the previous rate of $3.9725/60 during the opening session to
    Reuter  -  316 words
  • Article
    Lock icon ADB TOTAL LENDING TOPS $7.5 bil
    182 1 AP MANILA, Wed. The Asian Development Bank's total lending for 247 projects in 21 developing member countries amounts to U553,009 million (557.523 million), the bank's quarterly review said today. The review said $742.32 million in 105 loans came from the Manila-based bank's special funds
    AP  -  182 words
  • Article, Illustration
    Yong to call it a day as MD of SIMBL
    284 1 MR. Yong Pung How (above), founder chairman and managing director of Singapore International Merchant Bankers, Is to relinquish his Job as managing director at the end of this year. He will however remain as chairman of SIMBL one of Singapore's
    284 words
  • Article
    Lock icon Australia ratifies tin pact
    60 1 Reuter UNITED NATIONS. Wed. Australia has ratified the 1975 international tin agreement, which came into force on July 1 this year, the UN legal affairs office reported today. The fifth in a series of tin agreements. It is designed to prevent excessive price fluctuations and to
    Reuter  -  60 words
  • Article
    Red Army: Japanese here not taking chances
    201 1 JAPANESE establishments in the Republic today sharply stepped up security precautions following reports yesterday and today on a possible strike by Japanese Red Army And Palestinian guerillas in connection with the 50th anniversary of Emperor Hirohito's reign. The Japanese Embassy, the Japanese Association,
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  • Article
    Garment trade is worried
    74 1 A REQUEST by the European Economic Community to discuss the restriction of exports of knitted undergarments is worrying Singapore garment manufacturers, despite the fact that exports of garments this year are expected to be 30 per cent up on last year. Mr. Lam Thian, president of
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  • Article
    Lock icon US court action to block the Concorde
    292 1 UPI NEW YORK, Wed. Three States went to court today to try to block a Federal Aviation Administration (FAA) plan that would exempt supersonic transport (SST) aircraft like the Anglo-French concorde from current international noise standards. Attorneys for New York. Illinois and Massachusetts
    UPI  -  292 words
  • Article
    Lock icon Siemens shares hit a high
    161 1 Reuter FRANKFURT, Wed. Siemens AG shares rose to a high of 263 marks (*****) in pre-bourse dealings here compared with yesterday's close of 261.50 following news that it will take over AEG's 50 per cent stake in Kraftwerk Union AG. bourse sources said. AEG was
    Reuter  -  161 words
  • Article
    CHO ON $2.7 m CBT RAP
    119 1 CHO Jock Kim. managing director of Far Eastern Hotels, was yesterday charged in a magistrate's court here with criminal breach of trust of $2.7 million. He was alleged to have committed the offence with Amos Dawe, former head of the collapsed Mosbert group, and
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      89 1 Let your savings grow with HONGLEONG Open an account with the progressive finance people at Hong Leong To make sure your deposits grow, with attractive interest rates Hong Leong now provides you a growing range of financing services. Including Fixed Deposits, Monthly Deposits. Savings Accounts and Safe Deposit Boxes For
      89 words
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      Page 1 Advertisements Column 3
      109 1 .!+~}~[_,`\-~<>%?`_-|-.\|*!&|@: SEE PAGE 2 Yy I /AO 0 if 0 /A 4 0 rf t V/ t r i, M* m 0 0 J* 4f v, v Kti r- '.<i l A k i fu* SIA offers the first Boeing flight into Medan every day from Singapore. Depart Singapore at
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  • OVERSEAS
    • Article
      Lock icon CAIRO LIFTS BOYCOTT ON BARCLAY'S
      205 2 AP CAIRO, Wed. A whollyowned subsidiary of Barclay's Bank Limited, which has Just been put on the Arab blacklist for dealing with Israel, will not be boycotted in Egypt, sources said yesterday. They said the subsidiary, Barclay's Bank International, was the partner of the state-owned
      AP  -  205 words
    • Article
      Lock icon Rhodesians celebrate eleventh year of self-rule
      150 2 Reuter SALISBURY, Wed. White Rhodesians today celebrate 11 years of unilateral Independence from Britain against a background of increasing guerilla activity and the prospect of legal black majority rule within two years. Eight thousand kilometres away In Geneva, African nationalists and Rhodesian Government representatives
      Reuter  -  150 words
    • Article
      Lock icon Easing of credit reins by the Fed likely
      464 2 Reuter WASHINGTON, Wed. The Federal Reserve's open market committee Is likely to move towards a further loosening of the credit reins in the next few months, monetary sources here said. The sources, who are normally in tune with current committee thinking, said
      Reuter  -  464 words
    • Article
      Lock icon Right of the Solomons
      38 2 Reuter UNITED NATIONS, Wed. Australia, New Zealand, India, Japan and Malaysia were anions 13 countries which Jointly sponsored a General Assembly resolution reaffirming the right of the Solomon Islands to selfdetermination and independence. Reuter.
      Reuter  -  38 words
    • Article
      Lock icon US oilmen expect 10pc price hike
      352 2 AP UPI NEW YORK, Wed. American oilmen now believe that the major oil exporting nations are sure to raise oil prices by at least 10 per cent at their ministerial meeting starting Dec 15 in the Gulf sheikdom of Qatar. Saudi Arabia, the largest,
      AP; UPI  -  352 words
    • Article
      Lock icon $81m LOAN FOR ISRAEL
      133 2 AP BRUSSELS, Wed. Representatives of Israel and the European Common Market initialled an agreement today under which Israel will get US$33 million (SsBl million) in development loans from the European Investment Bank. Israel was represented by Mr. Eliashiv Ben Horln, Ambassador to the Common Market. Representing
      AP  -  133 words
    • Article, Illustration
      A 'Banzai' for Hirohito amid protest
      238 2 TOKYO, Wed. Emperor Hirohito looka at Prime Miniater Takeo Miki (foreground) who ahouta "Banzai" (Long Live), raiaing both arms in uniaon with other gueata during a ceremony today to celebrate the Emperor'a 50th anniveraary of hia coronation and aacenaion aa Emperor of Japan. At
      238 words
    • Article
      Lock icon Training pact
      41 2 UPI SEOUL, Wed. South Korea's Pohang Iron and Steel Co. (POSCO) has concluded a US$3OO,OOO (*****.000) technical service contract with Taiwan's China Steel Cora. to train 37 Chinese steei technicians at the Korean company, Posco officials said today. UPI.
      UPI  -  41 words
    • Article
      Lock icon Tokyo may do away with share discount
      223 2 Reuter TOKYO, Wed. The Finance Ministry is looking into the possibility of eliminating the present practice of providing a 10 per cent discount In fixing the prices of new share issues at market value, Ministry officials said. Under an arrangement among underwriters, the
      Reuter  -  223 words
    • Article
      Gradual rise in US prime rate
      162 2 FRANKFURT, Wed. The US prime rate, now standing at 6Vi per cent should rise to 7& to 7Vt per cent by mid-1977 and reach 7V« to eight per cent by the end of next year, "vlcechairman and director of Chemical New York Corp Mr.
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    • Article
      Lock icon Egypt's new Cabinet
      149 2 Reuter CAIRO. Wed. Egypt's new Cabinet, led by Premier Mamdouh Salem, is today expected to be charged by President Anwar Sadat with the priority task of tackling the country's serious economic problems. The Cabinet will be sworn in before the President, who will then outline the Job
      Reuter  -  149 words
    • Article
      Lock icon Libya-Egypt patch-up?
      36 2 Reuter CAIRO, Wed. President Anwar Sadat of Egypt and Libyan leader Colonel Muammar Gaddafi, political foes for more than two years, have responded to mediation efforts, according to Palestinian commando leader Yasser Arafat. Reuter
      Reuter  -  36 words
    • Article
      Lock icon Probe on Iran activity shows nothing illegal
      227 2 NYT WASHINGTON, Wed. The State Department has reported that an inquiry Into Iranian Government activity in this country has failed to turn up evidences confirming "any illegal or Improper activity." Nevertheless, Mr. Alfred Atherton, Jr., assistant secretary for Near Eastern and South Asian
      NYT  -  227 words
    • Article
      Lock icon A POWELL SURPRISE FOR LABOUR PARTY?
      184 2 Reuter LONDON, Wed. Prime Minister James Callaghan's Labour Government, which has an overall majority of only one in Parliament, may get help from an unexpected quarter former Conservative Party Minister Enoch Powell. The unpredictable Mr. Powell is apparently ready to support Labour in its
      Reuter  -  184 words
    • Article
      Lock icon Bill to extent sea zone
      75 2 UPI COPENHAGEN, Wed. Prime Minister Mr. Anker Joergensen yesterday put before Parliament a Bill calling for the extension of Danish fishing limits to 320 km. The extension, effective Jan 1, 1977 at the earliest, would be applied around the Faroe Islands and Greenland, said the
      UPI  -  75 words
    • Article
      Lock icon S. Korean secret lobby exists says Laird
      461 2 NYT WASHINGTON, Wed For the first time a senior American political figure has acknowledged the existence of a covert South .Korean lobby in the United States, and publicly criticised it. Mr. Melvln Laird, former Secretary of Defence, told the New York Times that
      NYT  -  461 words
    • Article
      Lock icon Hanna—Mr. Park's silent partner
      215 2 Hanna —Mr. Park's silent partner NYT LOS ANGELES, Wed. Former representative Richard T. Hanna says that while he was still a member of Congress he became a silent partner of Mr. Park Tong Sun, in an importexport venture that brought him US$6O,OOO to $70,000 (*****,000 to $175,000) over three years.
      NYT  -  215 words
    • Article
      Lock icon US arms captured by N. Vietnam
      222 2 UPI WASHINGTON, Wed. The Defence Department said yesterday a final accounting shows more than 1.7 million small arms supplied by the United States, about 1,000 aircraft and 130,000 tonnes of ammunition were captured in the fall of South Vietnam. The captured stocks add to
      UPI  -  222 words
    • Article
      Lock icon Curb car imports call
      73 2 Reuter LONDON, Wed. A Member of Parliament yesterday asked the Government to curb foreign car imports as a matter of dire urgency. The Society of Motor Manufacturers and Traders announced on Monday that more than four cars in every 10 sold in this country last October
      Reuter  -  73 words
    • Article
      Lock icon Holland refuses licences for some HK textiles
      242 3 Reuter THE HAGUE, Wed. The Dutch authorities have begun refusing import licences for some textile products from Hongkong as 1976 quotas have been used up,. Economics Minister Ruud Lubbers said in a written parlimentary answer. Importers were told at the beginning of the
      Reuter  -  242 words
    • Article
      Lock icon Seoul's debt totals $13 bil
      125 3 UPI SEOUL, Wed. South Korea owes US$5.4 billion (SSI3 billion) in debt to foreign countries on an arrival basis, government statistics showed yesterday. The statistics compiled at the Economic Planning Board said South Korea has borrowed U557.27 billion from foreign countries since 1959 on an
      UPI  -  125 words
    • Article
      Lock icon US bank loans to developing nations rising
      473 3 NEW YORK, Wednesday NYT DESPITE widespread concern in the banking community and in Congress about the ability of many developing nations to meet mounting foreign debt payments, American bank lending to these countries are continuing to climb, according to figures accumulated by the
      NYT  -  473 words
    • Article
      Lock icon Belgian bank rate cut by 1 point likely
      320 3 Reuter BRUSSELS, Wed. Belgian bank rate is likely to be cut soon by up to one percentage point from the present record nine per cent level, informed banking sources said. The timing and size of the cut depends on the ending of
      Reuter  -  320 words
    • Article
      Lock icon Guarantee for $130 mil loans
      74 3 Reuter LONDON, Wed. The Export Credits Guarantee Department said it guaranteed a total £32.75 million (SSI3O million) of loans for projects in the Philippines, South Korea and Spain. The largest, a £15.5 million loan by Barclays Bank to Batong Buhay Gold Mines Inc will help
      Reuter  -  74 words
    • Article
      Lock icon Need to up imports to Japan
      213 3 Reuter TOKYO, Wed. Japanese Government and business leaders agreed the nation's economy needs to be stimulated to increase imports, trade and industry officials said. They said the leaders agreed intensive exports of Japanese goods to specific markets should be avoided, but did not disclose
      Reuter  -  213 words
    • Article
      Lock icon S. Korea to have $2 billion petrochemical plants
      262 3 UPI SEOUL, Wed. A joint ground-breaking ceremony was held today for the construction of a naphtha cracking centre and eight petrochemical downstream plants at Yochon Petrochemical Complex on South Korea's south coast. The nine plants will need US$B62 million (552.069 million) for
      UPI  -  262 words
    • Article
      Lock icon Jobless
      32 3 Reuter BRUSSELS, Wed. Belgian unemployment rose to 230,751 or 8.7 per cent at the end of October from 222,985 or 8.4 per cent at end September, the National Employment Office said.
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    • Article
      Lock icon Bank borrowing by UK private sector rises
      226 3 Reuter LONDON, Wed. Sterling lending by the Lodnon clearing banks to the UK private sector rose by £377 million in the five weeks to Oct 20, an Increase which exceeded the normal seasonal pattern, the Banking Information Service said. The increase in lending
      Reuter  -  226 words
    • Article, Illustration
      Lock icon Peru will have enough oil soon
      115 3 Reuter LIMA, Wed. Peruvian President Francisco Morales Bermudez predicted Peru will be self-sufficient in petroleum within the next few months. He told a press conference after a tour of Peru's Amazonian provinces that petroleum exploration and exploitation will be stepped up with the object
      Reuter  -  115 words
    • Article
      Lock icon Protest strikes
      61 3 Reuter ROME, Wed. An estimated one million workers stayed away from their jobs today leaving ministries and banks empty, schools closed and factories at a standstill. The strikes were organised as a protest against government austerity measures, which union leaders say have been drawn up in such a
      Reuter  -  61 words
    • Article
      Lock icon West plan to cut reliance on imported oil
      464 3 NYT PARIS, Wed. Western Industrial nations signalled yesterday the seriousness with which they view the problem of over-reliance on imported oil, by announcing a series of co-operative procedures to cut such dependence over the next decade. For the first time, members of
      NYT  -  464 words
    • Article
      Lock icon Opec wants decisive say in $2.4 bil fund
      347 3 NYT VIENNA. Wed. The oilproducing countries are seeking a decisive voice in a new US$l billion (552.45 billion) undertaking to spur farming in Third World countries that do not grow enough food. The instrument for this development strategy is the Opec special
      NYT  -  347 words
    • Article
      Lock icon THAI RICE TEAM TO VISIT H.K.
      304 3 Reuter BANGKOK. Wed. A Thai trade delegation will visit Hongkong next week in a bid to recapture the share of the rice market lost to China during the last few years. The delegation comprising officials and merchants will be headed by the newly appointed
      Reuter  -  304 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      289 2 SEE PAGE 5. :> v r .-.-V *v 4 r BUSINESS MACHINES SYSTEMS FOR ITOKI Burglar Safe (T.D.R. and E.D.R. Specification) Equivalent to Anti-burglar standard of Underwriter's Laboratories Inc., U.S.A. Recognised and accepted by under writers. Low sum of insurance premium in this respects. Fire resistent: 2000°F contineous for 2
      289 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      44 2 BnStoW"-' PWIR DidJeuS I EESSEinarg GRefvT SCOTT 1 p\R.e vuino TOOK p WCS 6WLLIRNT! LCOK PCC OF -/CKJ. ivc NO/£fc seew such PHOTOGLYPHS.. J Wou MWt Gcsr OUT-OF-j Focus &>/es P\*d n/ou i BIuRPGD P><acx>r4o Ti4e 'D&ts Dcvons swoumng His HOUDSNP*PS... PTv/ IN LRU)
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      275 2 SINGAPORE 5 3.00 P.M. Opening Announcement followed by Housewives' Matinee "Gone With The Tide" (r) with superimposed English subtitles 0 Pt. 1 of a Mandarin film 3.55 General Hospital 4.35 Intermission 6.00 P.M. Opening Announcements followed by Elephant Boy "The Tyrant"* 6.30 News In Brief 0 Tadika (Malay) (r) Stars
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      29 3 Let Avery Scales safeguard your profits MODEL 3812 CJE A PUBLIC SCALE WITH THE PROFITABLE PERSONAL A member of the AVERY GROUP manufacturers oi weighing, testing and IUIIng machines.
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      Page 3 Advertisements Column 2
      324 3 Many cars offer some of the tilings aYblvodoes. No car in the same class offers all the tilings a\foh*> does. This sounds like quite a claim. But if you check this list against any other car of the same class, you'll find that we're not just making idle talk. Here's
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      245 4 11:03 am Hong Kong. (L to R) Leung Wai-Ho, Bank of America, C. W. Young and R. Young, King Fook Gold Jewelry Co., Ltd., solve a multi-faceted import problem. 1:30 p.m. Peoria. (Lto R) EV Dickinson, Caterpillar Tractor Co., R. Bivens, Bank of America, and H. Wascheck, Bank of America,
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  • COMPANY NEWS
    • Article
      Another Metro
      284 5 FAST-expandlng Metro Holdings is opening another store in Buklt Tlmah which will bring the group's total sales outlets to six. The new store, which Metro has agreed in principle to lease from Ocean and Capital Properties, is at the Buklt Tlmah Plaza located at Bukit Timah Circus. It
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    • Article
      Lock icon Asahi seeshigher earnings
      268 5 Reuter TOKYO. Wed. Asahi Chemical Industry expects to report higher net profit of 5.5 billion yen on net sales of 500 billion yen in the current business year ending March 31, 1977. Last year it reported net profit of 3.04 billion yen and net sales of 457.81
      Reuter  -  268 words
    • Article
      Lock icon Profit setback at Rhone Poulenc
      126 5 Reuter PARIS, Wed Rhone Poulenc expects to more or less break even this year following the net group attributable losses of 879 miUion francs in 1975, company chairman. Mr. Renaud Gilet, said He told a press conference he proposes to recommend the board declare an
      Reuter  -  126 words
    • Article
      Lock icon Chem. NY buoyant
      93 5 Reuter FRANKFURT Wed Chemical New York Corp's fourth quarter net earnings will be higher than the third quarter, continuing this year's trend of higher quarter-on-quarter results, vice chairmen and director, Mr. Richard Leblond, told reporters. Banking source said if fourth quarter net income per share held unchanged
      Reuter  -  93 words
    • Article
      XEROX SILENT
      125 5 LONDON. Wed. Rank Xerox is unable to comment on UK press reports that its share in the UK photocopier market has been cut substantially by increased US and Japanese competition, a spokesman said. The reports said Rank Xerox's UK market share is believed to have fallen to 15
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    • Article
      CHICAGO BOARD OPTIONS
      1077 5 On November 9 PRICES on the Chicago Board Options Exchange on Tuesday were lower, with declines topping advances 354 to 105. Turnover was 79,733 contracts compared with 69,279 on Monday. OPTIONJAN APL JLY STOCK Alcoa 45 6 3/4 NOL NOL 513/4 Alcoa 30 2 7/8 4 51/4
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    • Article
      Tin control lifting boosts Kinta
      139 5 THE lifting of tin export control since July 1 this year has given a tremendous boost to the earnings of Kinta Kellas Tin Dredging for the first six months ended SeDt 30 1976. Pre-tax profit rose by a hefty 321.5 per cent to M 53.77
      139 words
    • Article
      Lock icon Overall gain for Hooker
      161 5 Reuter SYDNEY Wed. Hooker Corp said it believes the overall profitability of the group will again increase in the coming year. The chairman Mr. J. K. Campbell said in the annual report there has been some improvement in real estate activity overall and where this has
      Reuter  -  161 words
    • Article
      Lock icon IHI
      37 5 Reuter TOKYO, Wed. Ishikawajima Harima Heavy Industries (IHI) said it received a 20.1 billion yen order from Union Cement of the United Arab Emirates state of Ras Al Khaimah, for a 1,500 tonnes cement plant. Reuter.
      Reuter  -  37 words
    • Article
      Sharp dip for Pan Malaysia Cement
      640 5 AFTER the bumper earnings of 1975, profits at Pan Malaysia Cement Works have taken a sharp slide downwards. For the first six months ended Sept 30, 1976, profits of the company have dropped nearly 55 per cent to M 52.19 million as a result
      640 words
    • Article
      Lock icon Oil industry will need US$50bn
      181 5 Reuter SAN FRANCISCO. Wed. The US petroleum industry will require capital and exploratory expenditures of at least US$5O billion for oil and natural gas bv 1990 to meet its future obligations, Texaco Inc chairman, Mr. Maurice F. Granville, said. Mr. Granville said in a speech
      Reuter  -  181 words
    • Article
      Wormald
      55 5 SYDNEY. Wed. Wormald International said the offer by its wholly owned subsidiary, Wormald International Holdings (UK) for Mather and Piatt has been declared unconditional. It said acceptances have been received by holders of over 91 per cent of the ordinary shares and over 82 per cent of the preference
      55 words
    • Article
      Lock icon Tenneco's 5-year growth forecast
      107 5 Reuter NEW YORK, Wed. Tenneco expects fully diluted earnings per share during the next five years to grow at an average compound rate of 10 per cent annually, two percentage points higher than th£ annual growth over the past 10 years, chairman and president, Mr. Wilton
      Reuter  -  107 words
    • Article
      New World
      49 5 HONGKONG, Wed. Consolidated net profit at New World Development rose from HKS6I.3 million to $66.7 million for the year ended June 30, 1976. After minorities, net profit was $63.12 million. New World is maintaining the total payout at seven cents. \Vith a final dividend of four cents.
      49 words
    • Article
      Lock icon Sealed bids may settle Irvine takeover
      609 5 NYT LOS ANGELES, Wed. The hotly contested battle for control of Irvine, an obscure California land developer, has taken an unexpected twist as it became known that the use of sealed bids to determine the company's eventual owner was being explored. Irvine is the
      NYT  -  609 words
    • Article
      UIC revised figures
      111 5 UNITED Industrial Corporation has issued revised figures of the group results for the year ended July 31, 1976. The revised figures (with the earlier figures in brackets) are group pre-tax profits of 57.355 million ($7,360 million), after-tax profits of $4,239 million ($4,244 million) and attributable profits of
      111 words
    • Article
      Min. Sec.
      68 5 THE directors of Mineral Securities Malaysia have proposed an unchanged final dividend of 7* per cent payable on Dec 13 to shareholders on the register on Dec 4. Together with an interim dividend of five per cent, this brings the total dividend for the year ended June 30,
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    • Article
      DIVIDENDS ANNOUNCED
      297 5 Current Ex Date Total for I payment Date payable the year previous year Robinson 10% Oct. 25 Nov. 11 14% 11% A. Hium Rubber 15% Oct. 26 Nov. 11 15% 12.5% Sel. Coconut 10% Oct 21 Nov. 12 15 15% Sthn. Kinu 50% Oct 7 Npv. 16 75%
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    • Article
      PEOPLE IN BUSINESS
      107 5 CONTINENTAL Illinois National Bank and Trust Company of Chicago has announced the promotion of Mr. Jackson Tang Yew Kay to assistant manager. The bank also named assistant manager, Mr. Woon Tek Seng, head trader in the bank's ACU. Mr. H.F. dea Coudrea, deputy manager of European Asian
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    • COMPANY MEETINGS
    • Article
      Gula Perak seeks AGM date change
      209 5 GULA Perak has asked Bank Negara Malaysia for an extension of six months to hold its annual general meeting and to bring out it, annual report for the ye*r ended March 31, 1975. This effectively means that the AGM and the annual report will
      209 words
    • Article
      Kramat Tin hit by titles hitch
      144 5 CONTINUING delay in obtaining mining titles has seriously affected the performance of Kramat Tin Dredging. For the first six months ended Sept 30 this year, pre-tax profit plunged by 96.5 per cent, or MS64O, 634, to $23,033. And the company is not paying an
      144 words
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      246 5 This is how MHE reduce space, time and costs for your warehouse. :-s" After Before 6% moft storage in 1/3 the space 5.040 openings 12.000 SO ft MAC Decombi Order Picker The advantages: Time rcOpiu Economy Safety The Decombi Order Picker moves m two directions vertically and horizontally adds up
      246 words
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  • Article
    Share Information Service
    1927 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'a div Div c'vr Gr'« y'ld P/E Vol cooo) Day High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata Ben
    1,927 words
  • Article
    Transactions in Singapore
    1187 6 BID and offer pricti officially Utted and bualnesa in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,187 words
  • Article
    Unit trusts
    143 6 SINGAPORE UNIT TRUST (Manager's prices for Nov II) The Commerce 1.70 1.80 The Saving Fund 0 97 1.02 S'poreProg Fund 0.81 0 86 S'pore Security Fund 1.27 134 S'pore Invest Fund ..i.02 1.06 ASIA UNIT TRUST (Manager's prices for Nov II) Mai Invest Fund 1.67 1.78 Mai Prog
    143 words
  • Article
    Government and corporate bonds
    434 6 S'pore Govt 5 MYk Taxable No 2 With A I 1975/Ist Dec 1977 (1,000.000) (101 688 101 78S) S'pore Govt 5 llY>< Taxable Loan No 1 With A I 1976/ISth Apr 197H (1,000.000) (101 648 101 725) S'pore Govt 6 Taxable No I With A I
    434 words
  • Article
    In Kuala Lumpur
    1139 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Jk. Tapt (0438). Ajinamata (1.858 1 9061. Alcem (2 158), XD
    1,139 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      197 6 Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and explains the success of Singapore's tripartite alliance of Government, workers and employers. A substantial part of the book is devoted to the full text of fifteen essential labour laws
      197 words
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  • Article
    Trading is very quiet
    508 7 THE Stock Exchange of Singapore yesterday ruled very quiet with the withdrawal of speculative interest. Prices moved narrowly either way and the tone of the market was barely steady. Unlike earlier this week, there was an absence of sellers in most of the volatile issues. The
    508 words
  • Article
    Another dull day in KL
    437 7 THE Kuala Lumpur Stock Exchange yesterday plodded through another dull day with prices finishing marginally higher. Trading, however, was at its quietest In months, with the volume of transactions yesterday dwindling to only 588,000 units against 887,000 units on Tuesday. Sentiment was obviously affected by
    437 words
  • Article
    Lock icon Canadian nickel find
    116 7 Reuter TOKYO. Wed. A consortium of companies from Canada. West Germany and Japan has discovered promising nickel deposits in nickel mines near Timmins, Ontario, the Japanese partners in the project said. Five test borings confirmed the existence of nickel sulfide deposits with nickel content of between 2.7
    Reuter  -  116 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      New York
      874 7 NEW YORK: The stock market posted another decline on Tuesday, after a late afternoon attempt failed to slow the downhill slide. Analysts attributed the drop to the impact of predomlnently negative news on the US economy. They also said a sustained stock market rally is unlikely while uncertainties
      874 words
    • Article
      Amsterdam
      276 7 AMSTERDAM: The market closed lower on Tuesday, with Dutch internationals failing on balance, although Aluo and Philips were unchanged, dealers said. Elsewhere. Giat Brocades and Naarden were isolated gainers. State loans firmed. NOV (N Fls Ahold 82 50 -0.3 Akzo 27 80 unch Algbank 278 50 -1.5 AMEV 50
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    • Article
      Zurich
      256 7 ZURICH: Shares drifted lower on Tuesday in selectively active trading with major banks barely steady and financials irregular Bally Bearer fell sharply on further consideration of the denial of press reports that Bally shareholders group Syndikats was opposed to management of the company. The loss of BallyRegistered was less
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    • Article
      Jo'burg
      348 7 JOHANNESBURG: Gold shares moved off the top on Tuesday on profit-taking In the afternoon following declining London bullion Indications, but closing prices were generally at slightly higher levels than last night, dealers said. NOV OS Rand INDUSTRIALS A Alpha 85 unch Abercom 238 -2 AE And CI 175 unch
      348 words
    • Article
      Frankfurt
      185 7 FRANKFURT: Shares were generally slightly higher on Tuesday after recouping early losses on Institutional buying, market sources said NOV OS Dm AEG 86 30 3.3 Akzo AHz Leben Allz Vers BASF 148 30 1 Bay HTWbank Bay Vbank Bayer .28 70 1 BBC- BMW 218 00 1 5 Cassella
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    • Article
      Milan
      125 7 MILAN: Industrial and financial leaders were mostly easier in thin trading on Tuesday, with some stocks touching new lows, bourse sources said. NOV 01 Lire Anlc 382 4-1 Assoc Gen ***** -200 Bastegl 838 -15 Centrale 6700 •111 Fiat 1376 -5 Ftnslder 212 -4 3en I it -nob 92
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    • Article
      Paris
      376 7 PARIS: The market was generally easier on Tuesday with declines led by metals and chemicals. Dealers attributed the decline to the lower Wall Street trend and strong French union protests against any government measures to prevent rises in workers' purchasing power next year. However, banks and Insurance were firmer
      376 words
    • Article
      Brussels
      111 7 BRUSSELS: Prices closed mixed in quiet trading on Tuesday, with only narrow movements in Belgian stocks nov m Fra FORWARD MARKET Acec 301 •1 Arbcd 3500 80 Astur 1008 -18 Brascan 412 unch Bru-La nb 1765 10 Canpac 824 -8 Cock 520 -4 De Beers 104 3 Ebes 1935
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    • Article
      Toronto
      284 7 TORONTO: Declines outpaced gainers on Tuesday, by a two-to-one margin and all sectors except gold were down moderately at the close of the Toronto Stock Exchange Interested Industrials bore the brunt of the slide for the second session running, despite recouping some early trading losses Volume totalled 1.55 million
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    • Article
      Hongkong
      376 7 HONGKONG: The market closed firm in quiet trading on Wednesday with utilities fairly strong and most attention still focussed on Wheelock Marden, dealers said. Wheelock opened higher at $2 95 following a rise in London but closed unchanged on last night's close at $2,875 on some profit taking The
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    • Article
      Tokyo
      485 7 TOKYO: The market rose sharply on Wednesday as Investors selected shares with good earnings reports, dealers said. The Dow Jones rose 40.04 to 4.598.94 with volume 270 million shares. The New Index closed at 347.84, up 1.66. Fisheries, foods, textiles, paper-pulps, chemicals, motors, printings and many others firmed on
      485 words
    • Article
      Sydney
      402 7 SYDNEY: Prices firmed over a wide front, on Wednesday, recovering from the year's low reached yesterday, dealers said. Low prices may have attracted institutional buyers, while overseas selling has petered out. they said. Banks were very firm, with Anz rising 10 cents to As 3 30 and the Wales
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    • Article
      Manila
      127 7 MANILA: The market was generally easier in quiet trading, dealers said. Leading oil issues held steady, but second line oils were lower Minings also fell on the dip in metals prices while commercials continued easier in dull trading. NOV 10 Acoje Mining Pesos .0145 -0.0005 31.25 -0 75 1'TT>7T:TI
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    • Article
      Bangkok
      80 7 NOV 1§ Bahts Asia Fibre 117 -I Bangkok Bank 231 Bangkok Invest 1478 unch Ban?kok-Metro-polttan Bank Bala 329 BerliJucker IMS Charoong Thai Wire 142 Dumex DusltThanl Faber Merlin First Trust Indo-Thal 1706 ♦5 J And J Ho 144 ♦3 Jalaprathan Cement 70 Karnasuta Lee Kwang Mln Metal Box 3
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    • Article
      Indices
      89 7 FINANCIAL TIMES INDUSTRIALS Tuesday 295.8 Monday 291.0 Week ago 283.6 TINS Tuesday 117.51 Monday 117.21 Week ago 120.14 RUBBERS Tuesday 496.57 Monday 488 54 Week ago 475.80 OILS Tuesday 354.39 Monday 352.01 Week ago 361.65 DOW JONES AVERAGE INDUSTRIALS Tuesday 930.77 Monday933.68 Week ago Closed LONDON DOLLAR PREMIUM Tuesday
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    • Loans
      • Article
        Lock icon Canton of Bern
        122 7 Reuter ZURICH, Wed. The coupon for the 50 million franc, 13-year loan to be floated by the Canton of Berne from Nov 12 to 18 was fixed at 4.5 per cent with an issue price of 99 per cent, banking sources said. This is the first domestic
        Reuter  -  122 words
      • Article
        Ireland
        80 7 LONDON. Wed. The Republic of Ireland has arranged a US$3OO million Eurodollar medium-term credit to finance part of its expected budget requirement for 1977, the four banks arranging the credit said. The loan is the largest single syndicated borrowing from the international banking market so far undertaken by Ireland,
        80 words
      • Article
        EIB
        70 7 LUXEMBOURG, Wed. The European Investment Bank confirmed it signed a contract for a US$5O million, five-year issue of 7% per cent notes at 99 3 per cent. It said the notes will be placed with Middle East investors and are due to be quoted in Luxembourg with proceeds being
        70 words
      • Article
        Pemex
        30 7 FRANKFURT, Wed. The 100 million mark seven-year Eurobond issued by Petroleos Mexicanos (Pemex) was priced at par with an 8 3 per cent coupon, Commerzbank said as issue manager.
        30 words
      • Article
        SSEB
        38 7 LONDON, Wed. A British state sector borrower,' the South of Scotland Electricity Board, plans to raise a US$75 million five-year. Eurobond, First Boston (Europe) confirmed, as lead manager. The coupon is expected to be B'/« per cent.
        38 words
      • Article
        Ricoh
        22 7 LONDON, Wed. Ricoh's US$l5 million 6'4 per cent convertible bond due 1991 was priced at par, lead manager, Nomura Securities, said.
        22 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      176 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 who
      176 words
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  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      693 8 THE Singapore rubber market opened easier following lower London advices and prices fluctuated narrowly throughout the morning session, dealers said. Before noon, reports of Rumanian orders encouraged some speculative buying which took December to 209.00 cents at v.nlch it held till the close. Turnover was fair. The market
      693 words
    • Article
      SSR and SMR
      118 8 DAILY SSR and SMR prices at noon yesterday Dec Jan R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyers Seller* <ce nt* per kg) (cenU| per kg) SSR 20 (1—ton Pallets) 191 00 193 OON 192 00 194 OON SSR 50 (1—ton Pallets) 188 50 190 50N 189
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    • Article
      Straits tin
      229 8 THE Straits tin price In Penang yesterday rose $12.00 to close at $1,212.00 per picul on an official offering down 3 tonnes to 277 tonnes. In LONDON yesterday, Tin advanced by mostly £30 per tonne. A sagging tendency developed on the pre-market following easier Penang and steadier sterling
      229 words
    • Article
      Closing prices
      28 8 Rubber: Nov 10 Singapore: Dec. 208.25 (down 1.75 cts.) Malaysia: Dec. 213.75 (down 1.50 cts) Tin: $1,212.00 (up $12.00) Official offering: 277 tonnes (down 3 tonnes)
      28 words
    • Article
      Lead
      89 8 LONDON, Wed. Lead closed with gains of £7.50 per tonne for Cash and £6.50 for Three Months. This metal followed the movement in copper with modest short covering taking Three Months up to L 298.50 and nearby hedging lifting Cash to £285.50 I per tonne. Sales of 2,750 I
      89 words
    • Article
      Palm oil
      122 8 THE following Palm Oil price* were quoted in London on Tuesday. The prices are elf Rotterdam and are quoted in U8 dollars per long ton unless otherwise stated. Tuesday. Prey Malaysian 5% ffa bulk Dec Jan Sumatra 5H Nov Dec Jan Feb Mar Apt Nigerian 5% ffa bulk
      122 words
    • Article
      Produce prices
      256 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 96% NLW $307'* sellers, Sarawak
      256 words
    • Article
      Gold
      386 8 AFTER the volatile markets on Tuesday In London and New York, the Singapore gold market was very active. The London delivery price opened at U*****.50, dipped to $131.70 and rose to a high of $134.50 before reacting to close at 133.50. The kilo bar was neglected. The London morning
      386 words
    • Article
      Silver
      181 8 LONDON, Wed. Silver advanced by 6.2 to 6.5p per troy ounce. Steadiness in sterling this morning curbed the early advance against the very steady New York close but the upward movement gained fresh momentum from a buoyant gold market, dealers said. Expectations of firmness at the New York opening
      181 words
    • Article
      Zinc
      86 8 LONDON, Wed. Zinc rose £4 for Cash and £5.25 for Three Months. Prices followed the general trend with fairly aggressive covering support pushing Three Months up to £388 per tonne before profit-taking pared gains. Cash also found Interest at the £370 level. Sales were 1,975 tonnes. On Tuesday afternoon
      86 words
    • Article
      Soybeans
      129 8 CHICAGO, Tues. Speculative selling pressure In response to weakness In grain futures pushed soybean futures lower and losses of 9Vi to five cents a bushel were posted at the close. Selling also was Influenced by the decline In bean export inspections last week. The downward pressure overcame the supporting
      129 words
    • Article
      Wheat
      130 8 CHICAGO. Tues. Wheat futures reflected declining corn futures prices by falling as much as eight cents below the contract lows posted on MonJay. Closing prices were Just off the lows and were down 4- Vi to eight cents a bushel. Contributing to the negative tone was the reduction In
      130 words
    • Article
      Rice
      135 8 BANGKOK. Wed. Indicative prices of rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzain: Unchanged, Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yesterday, the market was quiet with prices down 10 cents to $4.00. The day's turnover totalled 347 tonnes comprising Thais 89 tonnes, Kwangtungs 168 tonnes
      135 words
    • Article
      Duty rates
      64 8 THE Malaysian Minister of Finance has fixed these duties from Nov. 11 until further notice: Rubber 96 7 4 cts a lb Copra $720 a ton Palm kernel $235.25 a ton. The rates of duties payable are: Rubber 13 cts a lb Surcharge 6 3 m cts alb
      64 words
    • Article
      Copper
      218 8 LONDON, Wed. Copper wire bars gained mostly £15 per tonne. Prices advanced on the early pre-market following a turn-round at New York but then softened under profit-taking and pricing sales prompted by steadiness of sterling this morning. dealers said. Three Months picked up from a low of £835 per
      218 words
    • Article
      Coffee
      191 8 LONDON, Wed. Robusta futures opened officially slightly steadier €22 to L 27 up from Tuesday's close with 309 lots traded at the opening call of which 200 lots were self-trades. Market sources said local and commission house buying interest contributed to the early rise which was seen as a
      191 words
    • Article
      Sugar
      161 8 LONDON, Wed. Terminal opened £2.25 to £3.45 above Tuesday's closing levels. Sales totalled 639 lots. Dealers said there was no fresh news behind the rise. It was a continuation of Tuesday's steadier trend, which was prompted by hedge lifting attracting local buying interest which found sellers rather reserved. in
      161 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      530 8 STERLING gained about US 2 cents in the Singapore forex market yesterday in erratic trading. Dealers said although there was support for the pounds in the past few days because of current negotiations between the IMF team and the British Government, yesterday saw a high degree of support from
      530 words
    • Article
      Asian $ rates
      180 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 10. US Dollar* (Spat) Offiv Bid 7 days 5 1/16 4 15/18 1 mth 4 7/8 4 3/4 2 mths 5 1/4 5 1/8 3 mths S 3/8 5 1/4 6 mths 5 13/18 5 11/18 8 mths
      180 words
    • Article
      Discount market
      6 8 Source: National Discount Co
      6 words
    • Article
      Euro $ rates
      97 8 Euro rates LONDON, Wed. Trading in Eurodollar deposits was slow at the outset, dealers said. Period rates opened basically steady but the undertone was softer. Routine rollover business was reported and trading Is likely to continue quiet ahead of the US Veterans Day holiday on Thursday. Short dates showed little
      97 words
    • Article
      Minimum lending rates (in %)
      52 8 Minimum lending rates (in ACBC 7 First Chicago Algemene Bank 7 Citibank Bangkok Bank .7W HKSBC Bank of America 7 Indosuez Bank of China... .7Vi Malayan Banking Bank of Tokyo 7 Mitsui Bank Bank Negara OCBC Indonesia .7S OUB Chartered Bank 7 UCB Chase Manhattan 7 UMBC 1 DBS .6
      52 words
    • Article
      London
      450 8 LONDON, Wed. Sterling captured more than 0.75cent against the dollar at the opening, moving to 1.6365/75 compared with 1.6285/ 6300 overnight. Fresh orders from the Far East, and a renewal of commercial and hedge demand for the pound from Germany assisted the currency, dealers said. Speculation about special loan
      450 words
    • Article
      New York
      194 8 NEW YORK. Tues. The dollar closed firmer on balance from overnight levels, mainly reflecting a speculative move from strong European currencies into sterling, dealers said. Sentiment surrounding sterling may be due to expectations that tough conditions will be attached to any IMF credit although the pound's susceptibility to
      194 words
    • Article
      Tokyo
      103 8 TOKYO, Wed. The dollar for overnight delivery closed at 294.30 yen In moderate trading against 294.15 overnight and 294.50 at the opening. Dealers said the dollar Initially firmed slowly on limited Import covering, but later eased as buying Interest slackened. Dollars for Immediate delivery closed at 294.50 yen, unchanged
      103 words
    • Article
      Hongkong
      109 8 HONGKONG, Wed. sterling closed at U551.6360/ 70, slightly above the 1.6340/50 New York close, in very quiet trading, dealers said. They said commercial demand boosted the pound, and one dealer said It was possible the granting of a further loan to Britain by the International Monetary Fund is now
      109 words
    • Article
      Treasury bills offer
      40 8 THE Monetary Authority of Singapore (MAS) invites banks and discount houses to tender for a total of $40 million Treasury bills to be Issued from Nov 15 to 19. Each tender must not be less than $250,000.
      40 words
    • Article
      Zurich
      39 8 ZURICH exchanges quoted on Nov 9: US 2.4426-4434 UK 3.9775-9815 Can 2.5085-5105 W'germ 100.96-101.04 Neth 96.61-69 France 48.96-49.01 Belg 6.06-1/4-57 Denm 41.22-25 Norw 46.13-17 Swed 57.59-64 Italy 0.2819-2823 Austria 14.21-14.23 Port 7.76-78 Spain 3.57-57-3/4 Arg 1.25-2.25 Japan 0.83-83-1/2
      39 words
    • Article
      Australia/NZ
      54 8 AUSTRALIA/NZ exchanges quoted on Nov 10: Australia: Sterling 1.2353 1.2303 US dollar 0.7581 0.7503 Ninety day air .-"ail buying rates: Sterling 0.7939. US dolta. 1.2633 Ninety day forward buying rates: Sterling 0.7700. US dollars 1.2192 New Zealand: Sterling 0.5917 0.5882 US dollar 0.9681 0.9581 Ninety day forward rate: Sterling
      54 words
    • Article
      Frankfurt
      31 8 FRANKFURT exchanges quoted on Nov. 10. US 2.4210/25 Can 2.4830/60 UK 3.95/96 Neth 95.60/68 Switz 99.07/16 Italy 2.79/80 France 48.47/55 Norw 45.655/690 Belg con 6.495/510 Belg fin 6.460/485 Japan 0.8210/25
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    • Article
      Eurobond prices
      304 8 LONDON. Wed. Dollar bonds eased up to Vi point across the board in small turnover, dealers said. They said the easier trend is largely due to professional selling and lack of clients to invest in available bonds. Many businesses are already involved in end of year financial calculations
      304 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      225 8 If you do business with China, you need this Guide to the Chinese Export Commodities Fair. Only 100 copies available at $5/- each. Send this coupon ik>w for yours. From humble beginnings in 1957. the Chinese Export Commodities Fair (popularly known as the Canton Export Commodities Fair) has grown to
      225 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon New TV devices to boost export sales
      564 9 TOKYO, Wednesday Reuter TWO giants of Japan's electronics industry plan to boost their export incomes with new devices for recording colour television at home. The home-use Video Tape Recorders (VTR), being marketed by Sony Corporation and Matsushita Electrical Industry Company Ltd, differ from
      Reuter  -  564 words
    • Article
      Lock icon The longest nonstop air route
      74 9 UPI SYDNEY, Wed. Pan American World Airways will begin non-stop service between Sydney and San Francisco on Dec 10, a spokesman from the airline said today. The new service, using Boeing 747-SP (special performance) aircraft, will travel the 11,955-kilo-meters journey in 13 hours, reducing the
      UPI  -  74 words
    • Article
      Lock icon El Al service to Mexico
      99 9 UPI MEXICO CITY. Wed. The first commercial flight of Israeli airline El Al to Mexico arrived late yesterday and was met by top government ministers but not the expected tight security. The plane, a Boeing 727 taxied up to the presidential hangar carrying 120 passengers
      UPI  -  99 words
    • Article
      Lock icon YAR men in Pyongyang
      55 9 UPI TOKYO, Wed. A government civil aviation delegation of the Yemen Arab Republic (YAR) arrived In Pyongyang by air yesterday the Korean Central News Agency (KCNA) of North Korea said. The team is headed by Mohamad Ahmad Al Himi, chairman of the General Administration of Civil
      UPI  -  55 words
    • Article, Illustration
      Lock icon Aston Martin is alive and well
      643 9 NEW YORK, Wednesday UPI EIGHTEEN months ago. obits were written for Aston Martin, the proud British car company long a symbol of car excellence and known worldwide as the maker of James Bonds innovative arsenal on wheels. Peter Sprague. a young American millionaire and
      UPI  -  643 words
    • Article
      Lock icon Foreign ads banned on RTM
      100 9 AP KUALA LUMPUR. Wed. The Information Ministry will no longer accept foreign-made commercials for broadcast on Radio and TV Malaysia (RTM), Deputy Information Minister Haji Kamaruddin Mat Isa said yesterday. He told Parliament in reply to questions that the ruling was enforced from July 1.
      AP  -  100 words
    • Article
      Lock icon Research
      27 9 Reuter NEW DELHI, Wed. India and Norway have agreed to set up a design and research organisation for building ships in India, the government announced here.
      Reuter  -  27 words
    • Article
      Lock icon Shipping strike to continue
      130 9 Reuter SYDNEY, Wed. Striking linesmen in the porta of Sydney and Newcastle voted at mass meetings to continue their stoppage which has paralysed shipping movements since Monday, spokesmen for the Maritime Services Board in both centres told Reuters. The linesmen, who secure and let go wharf
      Reuter  -  130 words
    • Article, Illustration
      IN PORT
      445 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alaskan Mail (after Vladimir Mayakowskiy) 46 Arkandros (ABqw) (after Andorra) 5 Bunga Bindang (1500 Subject Free Board) 18 Bunga Orkid (1300 after Stentor) (Draft 9m) 3/4 Crikvenlca (1500 47 Dong Kwang (0700) 45 Eugenlusz Kwiatkowskly (T/L) (0600 after Kosho Maru shifts) (Draft 9.2
      445 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      532 9 ARRIVALS Service Local I Operator Number Time From OA OA472 0035 SYD SAS SK988 0700 HLP SIA SQ21I 1010 HLP CPA CX710 1030 HLP OIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ201 1200 HLP SIA SQ240 1205 MES GIA GA895 1215
      532 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      96 9 MARKETS OUTSIDE EUROPE H. R Voughon Data on 170 countries Eiports, Imports, G.N.P., Tourism, Press. Economy, Agriculture 448 pages, many photographs US$3O USVb airpost i Companion to Markets in Europe 1%8 US$lO) Coming New Products Services Directory US$3O Publishing Distributing Co. Ltd 177 Regent Street, London W1 E ESTWARDHOI^ 18
      96 words
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      Page 9 Advertisements Column 2
      293 9 in/IGHT HOUDW/ The Executive's Travel Agent Suite 102.Cathay Building. Mount Sophia. Singapore 9 Telephone *****2. We Help You lb Mind Kbur Own Business rade industry trade industry 11 jij nmmrn TnjfcOfll UHUUUi pade^industry trade^industry R'^ *m -s j »S The Republic's foremost Business Review The regular review of Singapore's business
      293 words
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  • Article, Illustration
    Lock icon Zimbabwe's place on the economic map after independence
    1012 10  -  It will be a bumpy journey from the Geneva bid to end Rhodesia's black-white deadlock to the day when Zimbabwe's flag flies. At the end of the road is an economic questionmark: Will the black-run replacement for Rhodesia's traditional economic freebooting be
    Financial Times  -  1,012 words
  • Article
    Lock icon Europe and the Arab world: Co-operation or exploitation?
    897 10  -  "All you Europeans are interested in," said an Arab delegate at the Arab-European business symposium, "is our surplus oil funds." As for the Europeans, they were not at all clear what the Arabs meant when they said "help us." By PETER FIELD
    Financial Times  -  897 words
  • Article
    The future of private housing
    377 10  -  LETTERS TO THE EDITOR Philip Motha Acting Dean, Faculty of Architecture and Building, University of Singapore I WRITE with reference to the article entitled "Property companies facing an uncertain future" (Business Times, Nov 5) and with particular allusion to the statement: "According to Professor Rory
    377 words
  • Article
    Lock icon Quality rather than quantity
    955 10  -  THE RUSSIAN 5-YEAR DEVELOPMENT PLAN By DAVID LASCELLES Financial Times NEWS of the Soviet Union's bumper harvest probably came too late to affect the final version of the new Soviet Five Year P1an(*****0) which the Supreme Soviet approved at the end of October. But it must
    Financial Times  -  955 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      141 10 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)
      141 words
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  • Article
    Lock icon 'Soviet lines run on profitmaking basis'
    316 11 UPI NEW YORK, Wed. The Soviet Union's state-owned Ocean Shipping Lines are required to cover all their expenses and make a profit and are not operated on a political basis, Mr. Boris Yunitsin, head of Baltic Shipping Co., said yesterday. Mr. Yunitsin addressed the
    UPI  -  316 words
  • Article
    CAROLINA TRADE TEAM DUE IN STORE
    137 11 A 14-MEMBER trade and investment mission from South Carolina, led by Republican Governor James B. Edwards, will be in Singapore on Nov 15 and 16 to seek companies and Individuals to represent S. Carolina companies, as well as to promote investments in the US
    137 words
  • Article
    Lock icon Wastage of food still on
    109 11 AP WASHINGTON, Wed. A US Congressional Investigative agency said yesterday that not enough is being done to prevent waste In developing countries of food donated through international relief programmes. The general accounting office said various US studies and reports from the United Nations for at
    AP  -  109 words
  • Article
    Bank execs to come for opening
    103 11 ITALY'S oldest bank. Monte Dei Paschi dl Siena, which set up a representative office in Singapore recently, has announced that its chairman. Dr. D. Veralle, the general manager. Dr. G. Crestl and the board of directors will be here for its official inauguration on
    103 words
  • Article
    Lock icon Compromise plan to separate funds
    531 11 LONDON FIRM PROPOSES TO CFTC Reuter WASHINGTON, Wed. The London Commodity Exchange Co. has proposed to the US Commodity Futures Trading Commission (CFTC), a compromise plan whereby funds of customers investing in London commodity options would be segregated in London rathe* than the US as
    Reuter  -  531 words
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    Lock icon Italy's economic crisis enters decisive phase
    582 11 Reuter ROME, Wed. Italy is entering a possibly decisive phase this week in its latest efforts to find a solution to its long-standing economic crisis but with the outcome in some doubt. Prime Minister Giullo Andreottl, at the head of a frail, minority Christian
    Reuter  -  582 words
  • Article
    Lock icon Environment policy study
    103 11 UPI TOKYO, Wed. The Organisation for Economic Cooperation and Development (OECD) will hold a meeting here Nov 16-20 to study Japan's environment policy, the Foreign Ministry said yesterday. The ministry said the meeting, to be attended by some 40 environment policy specialists of the OECD) member nations,
    UPI  -  103 words
  • Article
    Move to let govt bodies set up companies
    559 11 KUALA LUMPUR, Wed. Three government agencies are seeking power from Parliament to set up companies. They are the Federal Agricultural Marketing Authority (Fama), the Fisheries Development Authority (Majuikan) and the National Livestocks Development Authority (Majuternak). The move is believed to be part
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  • Article
    Lock icon Paris talks to improve US-Vietnam ties
    292 11 Reuter UPI WASHINGTON, Wed. Talks aimed at Improving relations between the United States and Vietnam will start on Friday in Paris, State Department officials said yesterday. The representative will be Mr. Samuel Gammon, the no. 2 man in the American Embassy in Paris. The
    Reuter; UPI  -  292 words
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    Lock icon TOP 1,000 ADVERTISERS
    156 11 AP NEW YORK, Wed. Fifteen foreign governments are among the 1,000 largest advertisers in the United States this year, a leading trade publication shows. The current issue of leading National Advertisers says Canada spent USS3.BS million (559.6 million) in US media during the first six months of
    AP  -  156 words
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    Lock icon Rail strike threatens wood pulp industry
    101 11 AP HELSINKI. (Finland), Wed. An illegal railway strike which started on Monday night could threaten the entire Finnish wood pulp industry unless it is ended before next week, the Finnish Industrial Central Organisation said yesterday. About 700 railway traffic controllers were on strike, demanding
    AP  -  101 words
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    Lock icon Japan aid
    42 11 UPI TOKYO, Wed. Japan will extend to South Yemen food aid worth US$3OO,OOO (*****.000) under an agreement signed here yesterday at the Foreign Ministry. The ministry said that Japan will provide South Yemen with some 1,300 tonnes of rice. UPI.
    UPI  -  42 words
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    Lock icon Exporters' meeting to steady copper prices
    217 11 Reuter SANTIAGO, Wed. The lnter-governmental Council of Copper Exporting Countries (Clpec) will discuss arrangements to stabilise world copper prices at a meeting here from Nov 29 to Dec 4, vice president of Chilean copper commission Pablo Oondonneau, said. He told a news conference Chile
    Reuter  -  217 words
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    Lock icon JAPAN'S '1-2-3 LOCK' ON U.S. CAR MART
    308 11 AP DETROIT, Wed. Honda, the mini-car specialist, shoved one-time leader Volkswagen into fourth place in US foreign car sales during October to give Japanese carmakers an unprecedented 1-2-3 lock on the American import market. Honda reported record sales of 16,814 cars for the
    AP  -  308 words
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    Lock icon Subsidy for skim milk as animal feed
    163 11 AP BRUSSELS, Wed. The European Common Market will subsidise the use of skim milk powder for animal feed, largely in replacement of soybeans imported from the United States, the market's executive commission announced yesterday. Quantities were not announced, but experts say the plan
    AP  -  163 words
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      597 11 APPOINTMENTS 11 SUPCKVtSOtY AND MANAGtMf NT TRAINING ASSOCIATION Ot SINGAPORE The Institution of Works Managers. England, sponsor o three-stage educationol progromme leading to the Certificate. Diploma and Advanced Diplomo m Industrial Management Graduates ore elected as AIWM. MIWM ond FIWM respectively The Diploma ond Advanced Diploma ore graded as Als
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      548 11 In line with its expanding activities FIRST CHICAGO ASIA MERCHANT BANK LIMITED requires a Business Development Executive responsible to|the Managing Director. The candidate should have experience with bonds, equities, loan syndications and other corporate finance activities. While his initial concentration will be on the Singapore market, the successful candidate will
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  • Article
    S'pore to send trade team to Seapcentre
    348 12 SINGAPORE Is sending a nine-member trade mission to the "first ever" furniture and handbags exhibition held at Seapcentre, a South-east Asian trade, investment and tourism centre In Japan. The mission will comprise six manufacturers of furniture, two manufacturers of handbags and 1 member
    348 words
  • Article
    KHD pledge to help
    219 12 A PLEDGE to help Singapore realise her ambition to become a marine technological centre was made recently by West Germany's largest manufacturer of diesel engines, Klockner-Humboldt-Deutz (KHD). "We are determined," said Dr. Otto Herschmann, a member of the KHD board of directors, "to help Singapore cater
    219 words
  • Article
    Lock icon Japan pick-up slows
    136 12 UPI TOKYO The Japanese economy is on the way toward recovery but the pace has been getting slower, the Economic Planning Agency reported yesterday. According to the agency, a recent slowdown in exports and domestic demand is to be blamed for the recent economic lull. The Government,
    UPI  -  136 words
  • Article, Illustration
    Prado heads assn
    90 12 MR. MANUEL de Prado (above) chairman and executive president of the Spanish airline, Iberia, was elected president of the International Air Transport Association for the 1976/ 1977 year yesterday. Mr. Prado, appointed chairman of Iberia on Sept 15, has a master's degree in law and business administration.
    90 words
  • Article
    China acts to even gap with KL
    674 12 IMMEDIATE $7 mil LOGS ORDER KUALA LUMPUR, Wed. The People's Republic of China has made an immediate order of 30.000 cubic metres of logs worth $6.9 million, and promises to buy more of Malaysia's rubber and palm oil to even up the trade
    674 words
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    Lock icon Easing of charter rules: Pressure mounts
    582 12 NYT NEW YORK, Wed. The international scheduled airlines have stepped up pressure on the United States to ease charter rules by next summer's peak season so that large charter groups could be carried side by side with regular non-charter passengers on scheduled flights. The
    NYT  -  582 words
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    MALAYSIA MOVE TO AMEND ACT
    99 12 KUALA LUMPUR. Wed. The government is now considering amending certain provisions of the Borrowing Companies Act, 1969, Deputy Finance Minister Richard Ho told the Dewan Rakyat today. Replying to Mr. Wee Ho Soon (NF-Bandar Sibu), he added that among other things consideration will be given
    99 words
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    Lock icon Less rice
    27 12 AP BANGKOK, Wed. Satellite photos and refugee interviews suggest Cambodia is facing a reduced rice harvest this year because a smaller area was planted.— AP.
    AP  -  27 words
  • Article, Illustration
    Offer of loan package to Plaza buyers
    335 12 A LOAN package is being offered by the Development Bank of Singapore for buyers of shops and residential units in the $70 million Bukit Timah Plaza, scheduled for completion around 1979. This was revealed by Mr. Paul Chaston (above), managing director of Ocean
    335 words
  • Article
    Lock icon Accord a big step in war on border Reds
    210 12 Reuter PENANG, Wed. Malaysia and Thailand today announced that their military forces would extend their area of joint operation against communist guerillas in both countries. The announcement signified a major step in improving relations between the two countries which hit a
    Reuter  -  210 words
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    Lock icon Pounding for leftists
    114 12 Reuter BEIRUT. Wed. Leftistheld western Beirut reeled under a heavy rightist artillery bombardment today as Syrian troops rolled into the rightist-controlled eastern fringes of the capital to take up their new role as Arab League peace-keepers. Several shells crashed into shell-pocked Hamra Street, once the most fashionable
    Reuter  -  114 words
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    Bank files suit against guarantor
    153 12 MOSCOW Narodny Bank filed a $1,600,950 suit against Mr. Yap Swee Hong at the High Court this week for monies allegedly due and owing to the bank. Mr. Yap was alleged to have stood guarantee for a loan of U*****,000 (551,600,950) on November 19. 1974
    153 words
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    Lock icon Peru's sol devalued
    26 12 AP LIMA. Wed. Peru's military Government devalued the sol currency today fixing its parity with the US dollar down to 66.96 soles. AP
    AP  -  26 words
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    LONDON STOCKS
    731 12 LONDON, Wed. The stocK market was firmer today on the rally in sterling, dealers said. Government stocks were also affected by hopes of a reduction in the minimum lending rate, and gains of up to point were scored among long dated loans. Shorts rose around to Leading equities
    731 words
  • Article
    ZIM LINE STARTS RUN TO SYDNEY
    148 12 ZIM Israel Navigation announced today a fortnightly service from Singapore and Hongkong to Australia, effective immediately. The route will be from Israel to Singapore, Hongkong. Sydney, Melbourne and back to Singapore. Zim will consider direct calls at other Australian ports, and will also incorporate
    148 words
  • Article
    Institute of Internal Auditors
    82 12 A SINGAPORE Chapter of the Institute of Internal Auditors has been formed. The institute, dedicated to enhancing professionalism in the internal auditing function is active in original research. Currently, it is engaged in a joint project with Stanford Research Institute in the US and funded by
    82 words
  • Article
    Handtools show
    50 12 SIXTEEN Japanese manufacturers of handtools and hardware products from Sanjo City will stage a oneday exhibition in Singapore this week. The exhibits, to be displayed at the Mandarin Hotel on Nov 15, will Include newly-developed handtools, carpenters' tools, cutlery, household utensils, pliers, measuring instruments and automobile repairing tools.
    50 words
  • Article
    IlATA is ready with strategy against oil hike
    285 12 THE International Air Transport Association has already made contingency plans in response to the possible oil price increase by the Organisation of Oil Exporting countries In December. This was disclosed by Mr. Knut Hammarskjold, director general of the world airline association, yesterday
    285 words
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    Lock icon 'Biggest in the world'
    54 12 Reuter TEL AVIV, Israeli President Ephraim Katzir today dedicated a 14-million volt fjelletron nuclear acceerator at the Weizmann Institute of Science which calls it the biggest in the world. The 56-metre high Ame-rican-built accelerator is the first stage of a Canada Centre of nuclear physics at
    Reuter  -  54 words
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    Lock icon Manila will export sugar to Colombo
    162 12 AP MANILA, Wed. The Philippines agreed today to export sugar to Sri Lanka in the round of talks between Sri Lanka Prime Minister Sirimavo Bandaranaike and President Marcos, officials said. Information Secretary Francisco Tatad told reporters details of the agreement are being worked out
    AP  -  162 words
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    PHILLIPS FILES SUIT
    91 12 PHILLIPS Singapore filed a suit against Messrs Wong Yow Phang and Wong Yin Tal at the High Court yesterday for $563,185.01 for goods allegedly sold and delivered to the defendants. Messrs Wong and Wong who are trading as Wong Radio Corporation, are already defendants In a suit
    91 words
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      137 words