The Business Times, 2 November 1976
1976-11-02
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The Business Times
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Title Section10 1976-11-02 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, NOVEMBER 2, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article72 1976-11-02 1 KUALA LUMPUR, Mon. Malaysian Prime Minister Datuk Hussein Onn said here today that the ruling United Malay National Organisation (Umno) is free from communist infiltration or any other undesirable influence. The Prime Minister in a statement issued in his capacity as the acting Umno President added72 words
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Article75 1976-11-02 1 JAKARTA, Mon Lt. Gen. All Murtopo, deputy chief of the state intelligence body, said today normalisation of relations with China will be decided after next year's general election. Mr. Murtopo told reporters following talks with President Suharto, "The people's consulative assembly will decide whether the time75 words
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Article66 1976-11-02 1 AP SYDNEY, Mon. Natural gas from the massive north-west shelf fields off the west coast of Australia is expected to start flowing in the first half of 1983, Mr. L.T. Forggatt, chairman and chief executive officer of Shell oil, said today. This, however, hinged on receiving necessary approvalsAP - 66 words
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Article62 1976-11-02 1 S. Korean Iran venture UPI TEHRAN, Mon. Iran will export 60,000 barrels of crude oil a day to South Korea for processing in a jointly-owned Korean refinery, the National Iranian Oil Company announced today. A National Iranian Oil Company spokesman said the 15-year agreement included provisions for a joint ventureUPI - 62 words
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Article70 1976-11-02 1 Reuter SINGAPORE, Mon. Hanoi Radio today reported the resumption of railway traffic between the two former states of North and South Vietnam. The radio said that last Saturday the first train to cross the old 17th parallel dividing line between the two parts of Vietnam left theReuter - 70 words
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Article40 1976-11-02 1 Reuter KUALA LUMPUR. Mon. The Economic Commission for Asia and the Pacific (Escap) will soon carry out a survey for proposed microwave links between Indonesia, the Philippines and Malaysia, a Communications Ministry spokesman said here today. Reuter.Reuter - 40 words
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Article32 1976-11-02 1 PEKING. Mon. An official spokesman Indirectly denied today a toall poster report that VicePremier Li Hsien-Nien has been appointed Prime Minister. "Comrade Hua Kuo-feng is Prime Minister," he said.32 words
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Article28 1976-11-02 1 LONDON, Mon. At 3 p.m. today, the Financial Times index was up 9.1 at 285.8, helped by relatively steady sterling and a stock shortage.28 words
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Chie Price Changes
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Article, Illustration182 1976-11-02 1 SENTIMENT at the Stock Exchange of Singapore turned better yesterday as speculative support emerged with the opening of the new month. Gains ranging up to four per cent were noted. The Business Times index rose 3.76 points to 251.42. However, the Straits Times Industrial index ended the182 words
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Article108 1976-11-02 1 Rises Most octive OCBC. $820 K G. Hold $108 C. Sugars $1.02 Gentings $2.73 Inchcape $2.33 DBS $3 90 Haw Par $1.03 Boustead $3.26 CandC $1.92 U M Works $138 Foils Sea View $0 46 A Amal $2.78 T. Cement $1.65 .15 .08 06'/, 06 06 06108 words
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819 1976-11-02 1 COLIN CHEE - CASH IS PILING UP AT BANKS By COLIN CHEE ABOUT $67 million more In loans and advances were extended by Singapore banks in September from August, according to the latest monthly statistical report released by the Monetary Authority of Singapore. Loans and advances819 words
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175 1976-11-02 1 BAHRAIN, Won. The Bahrain offshore banking market grew to more than US$5 billion (5512.25 billion) by the end of September, Bahrain Monetary Agency director general Alan Moore said. Mr. Moore said he is confident the market will continue to grow steadily and will175 words
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777 1976-11-02 1 THE development of offshore deposit centres around the world will lead to a more extensive and deeper international market for offshore funds. Manila's emergence as an Asian dollar centre and the establishment in Bahrain of a number of offshore banking units will have a777 words
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Article225 1976-11-02 1 THE deputy managing director of Singapore Airlines is being posted to Washington DC In what may be viewed as an intensive effort by the national carrier to resolve its applications for flights to America. According to SlA's newsletter Outlook, Mr Lve Khay Fong, who is225 words
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357 1976-11-02 1 WASHINGTON, Mon. By almost every measurement available, the 1976 Presidential campaign In the United Slates seems to be heading for a photo-finish. Pollster Louis Harris said yesterday, "This election is up for grabs." He said he had no reason to change his latest357 words
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Article186 1976-11-02 1 SINGAPORE travellers who suffer from the hands of travel agencies facing financial collapse or from the malpractices of tour agents may have some redress in store for them if the Singapore Tourist Promotion Board has its way. The STPB had proposed a compensation fund186 words
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151 1976-11-02 1 Another US$240m boost for Asian THE Asian dollar market expanded further in September with total assets and liabilities of Asian Currency Units increasing by US$24O million (SssBB million) from August to US$l5.9 billion in September, according to the Monetary Authority of Singapore in its October statistical report. The increased funds151 words
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Article63 1976-11-02 1 BRUSSELS, Mon The British pound gained threequarters of a US cent in London today. The pound opened in London at $1.5940, up from $1.5860 though still more than 2.5 cents below its best level In last Friday's spectacular recovery. The signs were that the pound was stabilising after63 words
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Article47 1976-11-02 1 Reuter JERUSALEM. Mon. Mr Arnon Gafny, formerly director general of the Finance Ministry, was sworn in yesterday as governor of the Bank of Israel. His post in the ministry is being taken by Mr Amram Sivan, former director of the National Insurance Institute. Reuter.Reuter - 47 words
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383 1976-11-02 1 THE prime rate cut by Development Bank of Singapore last weekend is expected to trigger off another round of cuts among the banks in Singapore, as they try to remain competitive in times of sluggish loan demand. Several leading local banks revealed383 words
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Article231 1976-11-02 1 Reuter TOKYO, Mon. The Japan Foreign Trade Council, organised by 14 major Japanese trading houses, said it revised its estimate of the nation's Customs clearance trade balance in fiscal 1976 to a surplus of US$lOO million from a deficit of $2 billion predicted last December. TheReuter - 231 words
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Page 1 Advertisements
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Advertisement37 1976-11-02 1 w a, s^ ds g^ SEE BACK PAGE INSIDE Overseas News/ TV 4 Radio Overseas News/ Foreign Features Local Co. News Local Stocks Foreign Co. News/ Overseas Stocks Commodities Transport A Communications Features Overseas News Local News37 words
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Advertisement53 1976-11-02 1 H IS.;* THE CITY SHOP FOR MEN WE ARE THE COMPLETE OUTFITTERS FOR MEN AND STOCK A FULL RANGE OF TOILETRIES AND PERFUMES FOR YOUR LADY TOO ROBINSON'S SINGAPORE ONE SHOP Ist Floor, The Gallery, Straits Trading Building Battery Road, Singapore 1 Tel: ***** BUSINESS HOURS: MONDAYS TO SATURDAYS 9.3053 words
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Advertisement104 1976-11-02 1 U-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S<no*pora T»i 12M02 (3 Lwmi APS ELECTRONICS (M) SDN BHD KUAIA lUMPUB Tw 20X72 2V«O SEE PAGE 2 •/> I I I €XPORT. GOOD FOR YOUR DUSINCSS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the104 words
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OVERSEAS
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Article116 1976-11-02 2 Reuter GLADSTONE (Queensland), Mon. The Queensland Alumina Ltd refinery here may have to suspend production on Thursday if about 850 strikers do not resume work, a company spokesman said. The plant might have to shut as its alumina storage capacity is nearly full, he said, notingReuter - 116 words
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Article66 1976-11-02 2 Reuter TOKYO. Mon. Ricoh Ltd. said it would float US$l5 million (5536.7 million) convertible debenture on the Eurobond market on Nov. 25 to finance the business operation of its two subsidiaries in the US. A syndicate of underwriters for the bond issue is managed by Monura EuropeReuter - 66 words
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Article287 1976-11-02 2 RECESSION, PRICE FALLS TO BLAME Reuter BANGKOK, Mon. Developing Asian countries suffered a marked trade deficit last year due to the recession, in the industrialised world and drops in the prices of major primary export commodities, the United Nations regional body announced here today. AfterReuter - 287 words
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Article198 1976-11-02 2 MONTREUX. Switzerland, Mon. African opposition movements in South Africa plan to follow up a five-day general strike which started today with the occupation of foreign-owned firms, a member of the banned African National Congress from South Africa said here yesterday. Dr. Zola Sonkosi, a member of the198 words
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Article126 1976-11-02 2 C-Mart urged to help save Reuter THE HAGUE, Mod. Belgian Premier Leo Tindemans urged the Common Market to participate in an international rescue operation for sterling, EEC officials said. The officials said Mr. Tindemans told a weekend meeting of community foreign ministers here the Common Market has a duty toReuter - 126 words
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Article95 1976-11-02 2 Reuter WELLINGTON. Mon. The New Zealand Government is arranging a US$lOO million (***** million) Eurobond. Deputy Minister of Finance George Galr announced. Arrangements for the bond, expected to carry a coupon of about 8 1/4 per cent, are being made through an international consortium ledReuter - 95 words
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448 1976-11-02 2 AP GENEVA. Mon Britain has postponed the Rhodesian talks until after Tuesday's elections In the United States In order to avoid a possible collapse that would embarrass US President Gerald Ford, Western diplomats said yesterday. In his election campaign. Mr Ford has emphasised hisAP - 448 words
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Article171 1976-11-02 2 Reuter NEW YORK. Mon. The Municipal Assistance Corp for the City of New York said the State of New York and Mac have arranged to refinance US$25O million (*****.5 million) of Mac bonds currently held by the state. The refinancing will be accomplished by issuing its seriesReuter - 171 words
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Article163 1976-11-02 2 AP BANGKOK. Mon. Thailand asked Iran and other oil-producing nations in the Middle East to think of the struggling economies in developing Third World countries before deciding to raise the price of crude oil. Prime Minister Thanin Kravichien made the appeal through an Iranian correspondentAP - 163 words
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Article60 1976-11-02 2 Reuter TOKYO, Mon. The Bank of Japan said the average outstanding balance of banknote issues at the end of October rose 12.1 per cent over the year ago level to H1,467 billion yen (5587.4 billion), t-onipared with an 11 per cent rise in September. The seasonally-adjasted growth was 1.50Reuter - 60 words
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1822 1976-11-02 2 CHARLES SMITH - By CHARLES SMITH TOKYO: Japanese officials are wary of saying so openly. but their estimates for the country's trade and payments performance are proving to be wildly off the mark-on the credit side, of course. Japan originally thought that it «ould emerge from this fiscal1,822 words
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232 1976-11-02 2 Reuter HONGKONO, Mon. Hongkong's narrowly defined money supply Ml rose 15.6 per cent In the year to end September, compared with a 15.2 per cent increase in the year to end August, banking commission figures show. However, the monthly increase slowed to 2.7 perReuter - 232 words
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Article522 1976-11-02 3 NEW YORK, Monday Reuter FAVOURABLE money market conditions prompted some United States commercial banks last week to lower their prime rates another quarter of a percentage point to 6Vj per cent. The reduction was initiated by Continental Bank of Illinois on Thursday. While Citibank. Bankers TrustReuter - 522 words
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255 1976-11-02 3 Reuter WASHINGTON, Mon. American Treasury Secretary William Simon said there have been no formal discussions between the United States and Germany on the possibility of providing additional financial aid for Britain. "I have not been a party to anv such discussions."Reuter - 255 words
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Article73 1976-11-02 3 Reuter TOKYO, Mon Hitachi Ltd. Mitsubishi Electric Corp and Tokyo Shibaura Electric Company (Toshiba) reached basic agreement to set up a lolnt firm In Japan to develop, design and manufacture centrifugal separators for uranium enrichment plants, Toshiba said. The companies hope to establish the new firm towards theReuter - 73 words
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315 1976-11-02 3 Reuter TOKYO, Mon. Japanese companies are expected to float a record 74 external bonds worth U552,035 million this year compared with 62 bonds worth U551,587 million in 1975, Daiwa Securities Company said. In the first nine months, 56 external bonds worth U551,671 millionReuter - 315 words
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349 1976-11-02 3 LONDON, Mon. International Monetary Fund conditions for a further United Kingdom loan will probably lead to a £1 billion (Ss4 billion) rise in indirect taxation in the spring 1977 budget, or earlier, stockbrokers Phillips and Drew say in their November economic forecast. The IMF349 words
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Article201 1976-11-02 3 Reuter TOKYO, Mon. Japan's external reserves rose US$BB million in October compared with September to U5516.58 billion, and were U553.39 billion higher than in October 1975, the Finance Ministry said. This was the highest level since April, 1973, and the tenth consecutive monthly increase inReuter - 201 words
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Article64 1976-11-02 3 Reuter WIESBADEN, Mon. Provisional figures from several major German states indicate the overall West German cost of living index rose 0.1 per cent in October after being unchanged at 141.4 (base 1970) in September, the Federal Statistics Office said. The year-on-year change for the index willReuter - 64 words
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Article, Illustration1165 1976-11-02 3 DAVID HOUSEGO - Peking controls 13 commercial banks in Hongkong. By ensuring that interest rates on deposits are kept just above those of other commercial banks, Peking has attracted about 26 per cent of private deposits in the colony. By DAVID HOUSEGO Financial Times WHENFinancial Times - 1,165 words
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Article470 1976-11-02 3 JAY PALMER - UNITED STATES CORPORATE PROFITS By By JAY PALMER THE FORD administration, on the eve of the still close presidential election, is confidently describing it as "the pause that refreshes." It must remain doubtful if U.S. industry feels aulte the same way especially since there are growing470 words
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415 1976-11-02 3 Financial Times and model chaneeovers, this year is not following that pattern. Only last week, General Motors reported a massive 63 per cent leap in third quarter profits to a new record level while Chrysler, earlier, unveiled a massive turnround from loss to profits.Financial Times - 415 words
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Page 2 Advertisements
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Advertisement418 1976-11-02 2 If copying machines are your concern then you should know about the Rank Xerox 12-step Service System. ■u Service starts before installation With 10 different types of machines, each one designed to undertake specific tasks, our service starts before installation. It starts with us making a comprehensive survey to assess418 words
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Advertisement0 1976-11-02 2 /{>:.~>%'~{[+'<<-+%@-%-^|;]./_<0 words
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Page 2 Miscellaneous
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Miscellaneous30 1976-11-02 2 BriStdW:ltankl)ickenSl I'm shoot or onowey "tV»\S VOCJ do i oer TO LOORKT P *AC*' ,o w i RON TO TMC sTpmorJ, lcrp TMC CbOBBEC TMC DRC-SS UP IM MIS CLOTMCS30 words
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Miscellaneous243 1976-11-02 2 SINGAPORE 5 3.00 p.m. Opening announcements followed by Spectrum (English) (r) 3.30 Diary of Events (English) 3.35 Magazine Zero One 350 General Hospital 430 Intermission 605 Opening Announcements followed by The Swiss Family Robinson Second Honeymoon 6.30 News in Brief 6.35 Chapi and Chapo 7.05 Gambaran Kesihatan (Malay) 7.30 News243 words
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Page 3 Advertisements
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Advertisement163 1976-11-02 3 m •ftt*. > I M EM;] ir ■Vn i i v •w X Sf *v *v > I* .1 V V M H r H rfi < if A w f <• V i v *3 M a^i F,>t **> v VW" Wp manufacturp a va'»Pl\ of products m stppi163 words
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Page 4 Advertisements
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Advertisement259 1976-11-02 4 11:03 a. ■Ms il i y Smm Hong r XX. <£~ Vk m, 0» m jt- 1 i m 1 w. <■ wm 1H Im i** ■XX mm# m r VS** ,jnri-Tii m MS *1 10:22 4 V; :>>* f :.r >~ 0 m V x *s X XW V.:<-259 words
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COMPANY NEWS
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628 1976-11-02 5 FOLLOWING a poor second half-year, pre-tax profits at United Industrial Corporation slid 9.3 per cent to $7.36 million for the year ended July 31. 1976. With the first six months having seen a 28.3 per cent Increase in pre-tax profit to $3.38 million. It628 words
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1013 1976-11-02 5 ALTHOUGH the present position of Negri Sembilan's $80 million sugar project may appear cloudy, a breeze of confidence is blowing within the company Syarikat N.S. Gula. The conviction is that there is really nothing to worry about. The project will eventually be a1,013 words
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1021 1976-11-02 5 GUY HAWTIN - By GUY HAWTIN BY right. West Germany's stock exchanges should be echoing to a steady champing of jaws as analysts eat the words they so lightly uttered at the beginning of the year. To say that the market has failed to live1,021 words
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176 1976-11-02 5 TOKYO, Mon. Reporting more than doubled net interim profit to 6.77 billion yen (3.07 billion yen), Tokyo Shlbaura Electric (Toshiba) has forecast a 59 per cent Jump In profit to 13.8 billion yen for the full year ended March 31. 1977. This Indicates that the company176 words
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464 1976-11-02 5 BEN'S shipping problem# are apparently not over. For the Stock Exchange of Singapore has decided that it wants to know why the shipping venture failed. This Is among a number of questions that the SES has posed to Ben regarding its 1975/76 annual464 words
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Article315 1976-11-02 5 Current Ex Date Total for Total for payment Date payable the year previous year Grating 5%TE Oct. 12 Nov. 5 5%TE+ 12.5%TE Malayan Flour 10%TE+ Oct. 5 Nov. 5 10%TE+ Nil M. Breweriea 2V% Oct 20 Nov. 6 30% 30% Batu Lintaac 5% Oct. 20 Nov. 8 7.5%315 words
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Article89 1976-11-02 5 INCHCAPE Berhad has announced that Tan Sri Abdul Kadir bin Shamaudin (chairman of Petronas and until recently chief secretary to the Malaysian Government) has been appointed chairman of its whollyowned subsidiary. Inchcape Malaysia (Holdings), with effect from Nov 1. Inchcape Malaysia (Holdings) is the holding company for89 words
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Article90 1976-11-02 5 THE Kuala Lumpur Stock Exchange has asked Kemayan Oil Palm for the basis for the purchase price of MSBS per acre ($209.95 per hectare) its wholly-owned subsidiary, Malaysia Agricultural Products, paid for 3,371.4 acres (1,374.9 hectares) of land it recently acquired in East Malaysia. MAP acquired90 words
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Article504 1976-11-02 5 Financial Times STOCKHOLM, Mon. In its eight-month report Statsforetag, the Swedish state holding company, forecasts a loss of Kr.200 million on Its consolidated account for 1976 compared with earnings of Kr.321 million last year and of Kr.987 million In 1974. With its holdings spread acrossFinancial Times - 504 words
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Article73 1976-11-02 5 Reuter LONDON, Mon. Oesterrelchtsche Kontrollbank said It plans a US$4O million six-year Issue of guaranteed floating rate notes at par on the International capital market. Interest will be calculated half yearly at per cent over London Interbank offered rate, subject to a minimum rate of 6Vi perReuter - 73 words
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Article41 1976-11-02 5 THE last date for splitting and acceptance of the United Overseas Bank's rights issue of one-for-three at $3 each are Nov 22 and Dec 13 respectively, according to the bank in a letter to the Stock Exchange of Singapore.41 words
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802 1976-11-02 5 THE NEW TIN COMPANIES THE three tin companies in the Charter Consolidated group soon to be partowned by Tradewinds moved to Malaysia yesterday during what must be judged as a disappointing year for them from the profits point of view. The profits forecasts which802 words
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Article216 1976-11-02 5 THE following company meetings are due: Rothmans of Pall Mall (Malavsia) Bhd.: Nov. 4, 1 a.m., Virginia Park, Jalan University, Petaling Jaya. Malayan Breweries Ltd.: Nov. 5, 12 noon, Rgency Room, Raffles Hotel, Singapore. Pacific Development Credit Bhd.: Nov. 9, 10 a.m.. Registered Office, Penthouse. 10th Floor, Wisma216 words
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Article80 1976-11-02 5 MALAYSIAN Containers (1974) is to expand its board from the current nine members to 12. In a letter to shareholders, the company says the proposed increase is to allow it to draw upon further expertise from the commercial and professional circles. As such, it is asking shareholders to80 words
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Page 5 Advertisements
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Advertisement140 1976-11-02 5 COPYING BREAK-THROUGH on ordinary paper v.» n DT-1200 reliability ahead of its time We have all been waiting for it. Now it's here. The outstanding DT-1200 introduces a technological break-through into office copying machine reliability. This stylish compact unit uses the advanced Toner Transfer technique which will produce a dry140 words
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Article1959 1976-11-02 6 SECTION ONE INDUSTRIALS Gr'» Gr't 1171 Uw Last div Div y'ld P/E Vol Dav Hifh Coapiay Sal* ♦cr- c'vr COW) High Uw 250 170 Acma 176 unch 12.ON 1.1 6.8 8.8 1 176 176 206 172 Alcorn 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 661,959 words
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Article1370 1976-11-02 6 BID and otter prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1000 units unless otherwise specified All Time Settlement Contracts are Suoted after the word •Sett." >lg Board1,370 words
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Article168 1976-11-02 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mauser'* price* for Nov. 2) (Current price*) The Commerce 1 69 1.79 INCOME BONO 1.07 1.13 The Saving Fund 0 96 1.01 S pore Prog Fund 0 80 0 85 S pore Security MARA BUMIPUTRA FUND Fund 1 26 133 (Manager*' price*168 words
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Article417 1976-11-02 6 S'pore Govt S Taxable Loan No 2 With A I 1975/lst Dec 1977 (1.000.000) (101 688 101 78S) S'pore Govt 5 l/2*X Taxable Loan No I With A I I97fi/Isth Apr 197K (1.000.000) (101.638 101.735K 1)101 65 S'pore Govt 6 3/4% Taxable Loan No I With417 words
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Article1075 1976-11-02 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. INOUtTRIALt A. Tap* (0 438). AJlnamata (1.818). A. COM (0.698 0 708).1,075 words
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Page 6 Advertisements
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Advertisement253 1976-11-02 6 &1; /v: i .V m 54KW& £K- v »3S£ ...v. l 'y(h *u Hfr. m i 1 fcl 1 1 >** 0* V--0* 6# zm&m Sf :MMMk ass .:>: J v iH £1 ;v. v-r v' V N ■■BE??#"®' -fvif 4." J- if ytf/t t l Alex Josey has long253 words
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Article492 1976-11-02 7 FAIRLY good gains were recorded among the volatile issues on opening-month speculative support at the Stock Exchange of Singapore yesterday. In some cases gains ranged up to four per cent. Trading volume was moderate and mainly concentrated in about 10 counters. Market sentiment was partly aided492 words
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Article561 1976-11-02 7 MARKET sentiment turned better under light, sustained buying interest on the Kuala Lumpur Stock Exchange yesterday. Following Friday's Budget announcement of measures aimed at stimulating more investments, shares opened on a steadier footing. First business was done at a few cents higher, and thereafter, prices561 words
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INTERNATIONAL COMPANY NEWS
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Article136 1976-11-02 7 Reuter JOHANNESBURG, Mon. Some improvement In profll can be expected in the current year, Consolidated Goldfields chairman, Lord Erroll of Hale said In the annual report. (Attributable profit was £22.5 million in year ended June 3C equivalent to 18.76p pei share.) He said given theReuter - 136 words
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Article52 1976-11-02 7 TOKYO, Mon. After-tax profit at Ajinomoto rose by 6.6 per cent to 2.59 billion yen (2.43 billion yen) on an 8.7 per cent increase In gross sales to 143.7 billion yen (132.3 billion yen) In the first half-year ended Sept 30, 1976. It is maintaining the Interim dividend at52 words
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Article597 1976-11-02 7 NEW YORK, Mon. An announcement by American Motors last week Indicating that It lost I money heavily in the 1976 fiscal year has aroused fresh concern In Wall Street that the No. 4 auto maker may i not survive. Based on the company's statement, analysts estimate597 words
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Article176 1976-11-02 7 Reuter TOKYO, Mon. Profit margins of Mitsubishi Electric Corp have widened considerably in the current year to produce a 128.4 per cent Jump in after-tax profit to 4.02 billion yen (1 76 billion yen) on a sales rl>e of only 13 per cent to 333.9Reuter - 176 words
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OVERSEAS MARKETS
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Article741 1976-11-02 7 London, Mon. The recent technical rally was extended, helped by relatively steady sterling. dealers said. Stock shortage accentuated the advance and at 3 p.m. the Financial Times Index 'vas up 9.1 at 285.8. Government bonds rose up by to one half point while equity leaders were led higher by741 words
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Article399 1976-11-02 7 SYDNEY: The market closed lower on Monday, led by uraniums which fell In reaction to the sharp gains recorded on Friday following the publication of the "Fox" report, dealers said. Pancontinental fell 90 cents to A 59.70. Queensland Mine* 27 to $1.98 and Kathleen 14 to $1.36 Western Mining,399 words
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Article15 1976-11-02 7 HONGKONG: All four stock exchanges were closed on Monday for the Chung Yeung Festival.15 words
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Article443 1976-11-02 7 TOKYO: The market closed lower on Monday in fairly active trading on a late wave of profittaking which more than offset early gains, dealers said. The Dow Jones average lost 13.07 to 4.645.54 with volume of 230 million shares. The New index closed at 351.25. down 0.43. Blue chips443 words
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Article85 1976-11-02 7 NOV «l Bahts 47Asia Fibre 120S I Bangkok Bank 235 -8 Bangkok Invest 143 Bangkok-Metro-politan Bank Bala 329S -4 BerllJucker 155 4-2 Charoong Thai Wire 144S unch Dumex DusitThani Faber Merlin First Trust Indo-Thai 180S unch J And J Ho 130 unch Jalaprathan Cement 7IS unch Karnasuta 30 Lee85 words
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Article13 1976-11-02 7 MANILA: The stock market was closed on Monday for All Saints Day.13 words
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Briefly
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Article120 1976-11-02 7 NEW YORK, Mon. Lower sales volume In both natural gas and petroleum in the third quarter led to a four per cent decline to U*****.33 million ($250.46 million) In net profit at Texaco. This was despite higher prices for petroleum products and natural gas. For the nine120 words
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Article81 1976-11-02 7 LONDON, Mon. On a 46 per cent Increase In turnover to £759 million (£520 million), pre-tax profit at Amalgamated Metal Corp rose by only 16.8 per cent to £4.7 million (£4.02 million) for the first nine months ended Sept. 30, 1976. Tax was £2.51 million (12 .29 million)81 words
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Article92 1976-11-02 7 TOKYO, Mo n. A group of 13 Japanese banks signed an agreement with Commission Technlca Mixta de Salto Grande (CTM) to grant CTM a 16 billion yen eight per cent 10 year credit, the semi-official Export -Import Bank of Japan said. The credit will be used to purchase transformers92 words
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Article73 1976-11-02 7 MELBOURNE, Mon._ Metals Exploration Asia suspended exploration In the Paracale gold field, Philippines, and plans to develop the Longos orebody, Metals Exploration said. The suspension was due to the fall in the gold price, its quarterly report said. Metals Exploration Asia, owned 40 per cent by Metals Exploration73 words
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Article80 1976-11-02 7 MILAN, Mon. Ste International Pirelli has reported practically unchanged net profit at 30.7 million Swiss francs (30 million francs) for the year ended June 30, 1976. It has maintained the dividend at 14 francs. Carried over profit, however, increased from 3.5 million francs to 4.7 million francs. Eight80 words
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Article84 1976-11-02 7 ADELAIDE, Mon. Chrysler Australia will spend As 44 million on an expansion programme in the next three years, managing director, Mr. Lan Webber told a press conference here. Chyrsler will spend $17.5 million of this amount on expansion and modernisation of its engines complex at Lonsdale, South Adelaide,84 words
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Article59 1976-11-02 7 NEW YORK, faon.— Blyth Eastern Dillion and Kuhn, Loeb have held very preliminary discussions on the possibility of combining the two firms, Wall Street sources said. Officers at both firms declined to comment, however. Blyth is 60 per cent owned in Ina Corp and 20 per cent owned by59 words
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Article25 1976-11-02 7 TOKYO, Mon. Mitsubishi Metal Corp said It raised its domestic selling price of silver to 42,000 yen per kilogramme from 41,600 yen, effective immediately.25 words
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Article91 1976-11-02 7 MELBOURNE, Mon. General Motors-Holden's plans to invest more than Aslso million in its vehicle making operations in the period to end-1979, managing director, Mr. C.S. Chapman, said in a weekend speech to mark General Motors' 50th Anniversary In Australia. The company, a wholly owned General Motors Corp unit,91 words
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Article71 1976-11-02 7 ST. LOUIS, Sun. McDonnell Douglas Corp said its firm backlog on September 30 was U552.99 billion down from $3.03 billion a year earlier. Total backlog rose to $5.87 billion from $4.26 billion the figures include government orders not yet funded or being negotiated, and commercial orders subject to contingencies.71 words
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Article27 1976-11-02 7 TOKYO, Mon. Nippon Mining said it lowered its domestic selling price of electrolytic copper by 10,000 yen per tonne to 390,000 yen with immediate effect.27 words
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Article60 1976-11-02 7 TOKYO, Mon. Pioneer Electronic has raised its dividend from 15 yen to 24 yen for the year ended Sept 30, 1976. A company spokesman said the company expects to achieve its net income goal of 11 billion yen (5.86 billion) on an estimated revenue of 160 billion (108.41 billion)60 words
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Article58 1976-11-02 7 NEW YORK, Mon. Third quarter net profit at Kerr McGee was U5532.77 million ($32.63 million) on sales of $445.9 million ($428.7 million). For the nine months, profit came to $98.95 million ($99.11 million) on sales of $1.44 billion ($1.32 billion). Earnings per share were $1.27 ($1.26) in the 'hird58 words
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Article66 1976-11-02 7 SYDNEY, Mon. Though sales jumped 71.7 per cent to A 5190.11 million ($110.69 million), Esso Exploration and Production Australia was only able to raise net profit by 12.7 per cent to $41.63 million ($36.93 million) for the first halfyear ended Jun 30, 1976. Meanwhile, Esso Australia has reported a66 words
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450 1976-11-02 7 Reuter TOKYO. Mon. Kubota is listing its shares on the New York Stock Exchange with the object of raising more equity funds in the United .States, company president, Mr. Keitaro Hiro said. In an interview with Reuters, Mr Hiro said Kubota's net nonconsolidated incomeReuter - 450 words
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Page 7 Advertisements
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Advertisement176 1976-11-02 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article509 1976-11-02 8 THE Singapore rubber market opened steadier reflecting higher London advices but fell back slightly on some profit-taking, dealers said. Trading was quiet throughout the morning with small turnover. The market ended the morning very quiet with November RSS one buyers quoted at 209.00 cents per kilo, up 0.50509 words
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Article122 1976-11-02 8 DAILY SSR and SMR prices at noon yesterday HAS. Nov. (Current Mth) Buyer* Sellers (cent* per k<> Dec. (Forward Mth) Buyers Sellers (cents per kg) SSR 20 SSR 50 (1-ton Pallets) (1-ton Pallets) 191 00 188 50 193 OON 190.50N 192 00 189 50 194 OON 191122 words
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Article124 1976-11-02 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICL'L YESTERDAY. Coconut Oil: Bulk >72 sellers, old drum $77 sellers, new drum $82 sellers Copra: Mixed (loose) UK/Cont. $45 buyers Pepper: Muntok AST A white f.o.b 100% NLW $322' i sellers. Sarawak white fob 96% NLW $305 sellers. Sarawak124 words
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Article93 1976-11-02 8 THE Straits tin price In Penang yesterday fell $2.37Vj to close at $1,190.00 per picul on an official offering up 16 tonnes to 296 tonnes. In LONDON on Monday, tin was mostly £5 per tonne lower in both contracts. Prices were shaded In the pre-market but a steadier93 words
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Article30 1976-11-02 8 Rubber: Oct 29 Singapore: Nov. 208.75 cU (up 0.25 cts.) Malaysia: Nov. 217.25 cU. (up 1.00 cts) Tin: $1,190.00 (down $2.37'/») Official offering: 296 tonnes (up 16 tonnes)30 words
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Article108 1976-11-02 8 LONDON, Mon. Copper wire bars declined by £12 for Cash and £8 for Three Months. Trading was fairly routine throughout the morning with small covering against currency considerations and pockets of physical business running into profit-taking, dealers said. Also overshadowing the market was the continued rise in ware- house108 words
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Article112 1976-11-02 8 WITH Hongkong closed, the Singapore gold market was relatively quiet in the dav. The kito bar was dealt between 559,765 and 559.790 while the London delivery passed within a few cents either side of U*****.00 before shipping towards the close to U*****.25. The London morning fixing was U*****.00 down112 words
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Article63 1976-11-02 8 LONDON, Mon. Silver lost 1.9 to l.Op a troy ounce. Initial pre-market steadiness on currency factors was offset by small profittaking in the ring where fresh trading incentives were lacking dealers said. Three Months traded down to 281.5p before partly recovering losses to trade up to 282.2 in the63 words
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Article55 1976-11-02 8 LONDON, Mon. Lead eased by £4.50 pei tonne for Cash and C 3 for Three Months. This metal sagged under lighi hedge selling which found modest covering sup- port at the lower levels. Three Months traded from 1298 down to 1295 before final trade at L' 296. Sales of55 words
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Article61 1976-11-02 8 LONDON, Mon. Zinc was mostly t0.75 per tonne lower. Prices were steady on the early pre-market where currency covering produced three-months business up to 1400 per tonne although profit-taking and some hedge selling pared gains in the ring. Three Months drifted back to 1397 per tonne prior to last61 words
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Article50 1976-11-02 8 LONDON, Mon. Stocks in London Metal Exchange official warehouses at the end of last week: (all in tonnes except silver) Copper rose 4,575 to 577 375 Tin fell 160 to 6,690 Lead rose 1,525 to 65,825 Zinc fell 650 to 112,300 Silver fell 20,000 to 29,420,000 troy ounces.50 words
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Article176 1976-11-02 8 LONDON, Mon. Robusta futures opened £6 higher to £18 per tonne lower. Volume totalled 276 lots at the opening call of which 250 lots were self trades. Jan traded within the range of £2,197 and £2,196 at the opening while March fluctuated between the high of £2.212 and a176 words
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Article130 1976-11-02 8 LONDON, Mon. The terminal opened quiet £1.15 to C 0.25 down from Friday's 1,700 levels. Sales totalled 270 lots. Dealers said activity was rather slow due to the All Saints Day holiday on the Continent and the prospect of a quiet New York market In front of the US130 words
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Article110 1976-11-02 8 BANGKOK. Mon. Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. White rice: 100 per cent Ist class 295, 100 per cent 2nd 280, 100 per cent 3rd 277, 5 per cent 3rd 264, 10 per cent 243, 15 per cent 240, 20 per110 words
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198 1976-11-02 8 Reuter KUALA LUMPUR, Mon. Peninsular Malaysian crude palm oil production fell to 102,984 tonnes in August from 103,404 tonnes (revised) in July, the Statistics Department said. Crude palm oil exports rose to 70,380 tonnes from 53,191 tonnes for July, while stocks at end-August dropped toReuter - 198 words
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Article113 1976-11-02 8 Reuter LONDON, Mon. The recent improvement in world sugar prices has not been entirely due to currency considerations and may well have reflected a reduction in the weight of secondhand sugar overhanging the market, says C. Czamikow in its latest weekly report. The broker cites reports thatReuter - 113 words
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631 1976-11-02 8 Reuter LONDON, Mon. The Cash copper price may well dip below £700 a tonne (52.4 cents a lb) before the end of this year on the basis of a sterling exchange rate of US$l.65, Amalgamated Metal Trading (AMT) said in Its October Issue ofReuter - 631 words
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Article121 1976-11-02 8 Reuter NEW YORK, Mon. Producer stocks of refined copper In the US In September rose to 356,100 short tons from 355,800 In August, the American Bureau of Metal Statistics reported. Producer stocks in September 1975 totalled 312,300 tons. The Increase of 300 tons last month followedReuter - 121 words
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235 1976-11-02 8 Reuter CANBERRA, Mon. The Bureau of Agricultural Economics raised its second 1976/77 Australian sunflowerseed forecast to 85,000 tonnes from 74,000, compared with 74,800 for 1975/76. In its September Trends In Agricultural Commodities publication, the Bureau put the sunflower area at 165.000 hectares against 135,000Reuter - 235 words
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Article71 1976-11-02 8 Reuter WASHINGTON, Mon. Philippines wheat and flour Imports for 1976-77 are forecast at 660,000 tonnes, a US Agriculture Department field dispatch from Manila said. The 1975-76 Imports totalled 550,000 tonnes. The report said that this year. Canada Is expected to make significant Inroads into total wheatReuter - 71 words
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95 1976-11-02 8 Reuter LONDON. Mon. World output of major oilseeds for the 1976/77 marketing year is expected to fall three to four million tonnes to about 128 million tonnes, Alfred C. Toepfer said. In its latest market review. It said higher cotton and sunflowerseed crops doReuter - 95 words
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MONEY AND EXCHANGES
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Article620 1976-11-02 8 SINGAPORE'S domestic money market saw overnight Interest rates rallying strongly yesterday from the opening level of 2 l per cent to 2 per cent to as high as per cent just before the clearing hours. Although some dealers attributed the rise to the adjustments of technical factors following last620 words
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Article166 1976-11-02 8 Asian rates ASIAN currency deposit interbank rates as at close on Nov 1: US Dollar* (Spot) Offer Bid 7 days 55/8 51/2 1 mth 55/16 5 3/16 2 mths 53/16 51/4 3 mths 57/16 5 5/16 6 mths 513/16 511/16 9 mths 61/16 515/16 12 mths 61/4 61/8 Sw. Fr».166 words
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Article48 1976-11-02 8 RANOE of prices offered by discount houses on Nov 1: Overnight 2 to 3 VH> Call deposit 2'i to 3V*t CImiH Buy Selling 3-Month Treasurer bills 31/8 3 3-Month Bank bills 37/8 33/4 3-Month CD 4 1/8 4 6-Month 49/16 4 7/16 Source: National Discount Co.48 words
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Article145 1976-11-02 8 Euro rates LONDON, Mon. Eurodollar deposits made a slow start to trading with rates opening virtually unchanged. The slow start was ascribed to usual early Monday conditions and the closure of some leading European centres for All Saints holiday. Same day dealings, due to Tuesday's New York closure for Election145 words
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Article237 1976-11-02 8 LONDON, Mon Sterling opened nearly one cent firmer than its New York close on Friday and held steady in a very thin market, dealers said. Trading was reduced to a minimum by the All Saints Day holiday in Catholic centres in Europe and the feeling that US activity was237 words
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Article109 1976-11-02 8 TOKYO, Mon The Bank of Japan sold an estimated US$3O million to check a rise in the US dollar, banking sources said. The dollar for overnight delivery closed at 294.50 yen, compared with 294.20 at Friday's close, after opening at 295.00. The Central Bank intervened in the market at109 words
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Article50 1976-11-02 8 AUSTRALIA/NZ exchanges quoted on Nov 1: Australia: Sterling'o.7766/0.7688 US dollar 1.2277/1.2227 Ninety day air mail buying rates: Sterling 0.8167, US dollars 1.2556 Ninety day forward buying rates: Sterling 0.7969. US dollars 1.2116 New Zealand: Sterling 0.5988/0.5952 US dollar 0 9558/0.9458 Ninety day forward rate: Sterling 0.6548. US dollar 0.974350 words
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Article33 1976-11-02 8 FRANKFURT exchanges quoted on Nov. 1: US 2.4045/60 2.3980/ 90) Can 2.4700/17 UK 3.825/840 Neth 95.45/60 Switz 98.65/80 Italy 2.78/80 France 48.10/25 Norw 45.53/5 Belg Com 6.51/52 Belg Fin 6.41/45 Japan 0.8155/6233 words
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Article286 1976-11-02 8 LONDON, Mon. Straight bonds were quietly steady, dealers said. The holiday in Europe subdued trading but dealers noted some interest in seven year triple 'A' paper which tended about higher. Most other prices were Eurobond prices quoted on Nov 1 largely unchanged. Guilder issues also traded quietly but286 words
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Article53 1976-11-02 8 Minimum lending rates (in aCBC 7 Alg«m«n« Bonk 7 Bangkok Bonk 7'/i ■n Bonk o> Aimrca 7 mlotuti Motoiron Bonking Bonk o» Chino 7* Bonk of Tokyo 7 Mitiwi Bonk Bonk Nagoro OCBC 1 ri donatio 7Vi oue 7-/i Cho'tfd Bonk 7 UCB CbOM Monhofton 7 UMBC 7 '4 DBS53 words
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Page 8 Advertisements
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Advertisement172 1976-11-02 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 now for yours. From humble beginnings in 1957, the Chinese Export Commodities Fair (popularly known as the Canton Export Commodities Fair) has grown to172 words
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TRANSPORT AND COMMUNICATIONS
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831 1976-11-02 9 RALPH BLUMENTHAL - FREE FIRST-RUN FILMS ON DOMESTIC FLIGHTS By RALPH BLUMENTHAL NYT THEY dueled in the skies in the great booze war. the piano-lounge war and the no-frills war. They fought with bagels, overhead-rack-space and legroom. Now the airlines are engaged in a whole new struggle:NYT - 831 words
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Article, Illustration283 1976-11-02 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Alexandr Vermishev (2300 after Jalajyoti) (Draft 9.75 m) 10/11 Bow Flower (lakp) (PSA P/O) (2300 after Chidambaram) (Subject gas free) 15/16 Joan D'arc (0600)23 Kinzan Maru (JJZH) (0200) 38/39 Lossiebank (0400 after Straat Clarence) 31/32 Thompson Lykes (1700 after Mikolay Rej) (Draft 9.1283 words
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200 1976-11-02 9 Reuter TOKYO. Mon. Japan's motor vehicle exports in first half fiscal 1976 rose 42.2 per cent from a year ago to 1.868.569 units, the Japan Automobile Manufacturers Association said. The total comprises 1.268,859 passenger cars, up 39.5 per cent. 591,113 trucks, up 49 per cent andReuter - 200 words
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Article79 1976-11-02 9 Reuter WASHINGTON. Mon. The Council on Wage and Price Stability found the price rises for 1977 model cars justified, though acting council director William Lilley refused to term the increases, which averaged 5.9 per cent, warranted. The council in a report on the 1977 model price increases.Reuter - 79 words
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Article479 1976-11-02 9 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL JAL JL712 1000 HLP SIA SQ209 1010 HLP GIA GA980 1030 HLP GIA GA908 1100 MES CALTEXPKCFD 1130 PKU SAS SK971 1130 CPH/BKK SIA SQ201 1200 HLP SIA SQ240 1205 MES479 words
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235 1976-11-02 9 Reuter GOTHENBURG, Mon. Total world laid up tanker capacity has fallen to 32 million tonnes deadweight from about 51 million at end April when lay ups were at a peak, due to a more rapid rise than expected in the need for oil transport,Reuter - 235 words
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Article65 1976-11-02 9 AP TOKYO, Mon. Delegations from 10 socialist nations have concluded a meeting in Pyongyang on airline passenger fares and air cargo charges. North Korea's official news agency said yesterday. The agency said the meeting was the 11th regular session of civil aviation organs taking part in the agreementAP - 65 words
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742 1976-11-02 9 WASHINGTON, Monday NYT MEMBERS of the Federal Maritime Commission have quietly moved toward adoption of a regulation that would require corporate officials to report every year that their firms had paid no illegal rebates or bribes. If the proposal is adopted, the FMCNYT - 742 words
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368 1976-11-02 9 LONDON, Mon Financial Times THE BRITISH consortium in which the National Enterprise Board has a 35 per cent stake confirmed last week that it had decided not to tender for the multimillion Venezuelan railway project. The indications are that instead of the i3somillion which theFinancial Times - 368 words
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Page 9 Advertisements
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Advertisement15 1976-11-02 9 in/IGHT HOllDflV/ The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2.15 words
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Advertisement167 1976-11-02 9 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times w, 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 (excluding167 words
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Article, Illustration1289 1976-11-02 10 JOHN ROGERS - By JOHN ROGERS Reuter NEARLY a year after abolition of the monarchy and creation of a "People's Democratic Republic" in Laos, an official campaign to win over the people to the new regime and implant socialist ideas is still underReuter - 1,289 words
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496 1976-11-02 10 B. RUSSELL - By B. RUSSELL Reuter IN THE final run up to the American presidential election, candidates Gerald Ford and Jimmy Carter have launched multi-million dollar television advertising campaigns to swing voters their way. The techniques used singing commercials, background music, happy scenes and faces,Reuter - 496 words
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733 1976-11-02 10 FREDERICK ANDREWS - By FREDERICK ANDREWS NYT BUSINESSMEN are discovering Henry Mintzberg. a bookish Canadian management theorist who depicts the managers routine any manager's routine as controlled disorder. For a decade Mr Mintzberg. a 37-year-old professor of management at McGill University in Montreal. has sought toNYT - 733 words
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Article, Illustration1035 1976-11-02 10 J. DARNTON - By J. DARNTON NYT IN AN effort to wrest control of the economy from foreign hands. Nigeria has ■embarked upon a steppedup policy of forcing foreignowned companies to sell into Nigerian ownership. The policy, called indigenisation or Nigennisation. has sent up aNYT - 1,035 words
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Page 10 Advertisements
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Advertisement195 1976-11-02 10 1 "jfcfc 1 I MONTHLY ECONOMIC REPORTS With monthly politicol supplement for UP-TO-DATE HANDY REFERENCE tig s 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 and195 words
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Article265 1976-11-02 11 UPI. TOKYO, Mon. Japan, Canada and the United States today began discussions on the problem of setting 320 km coastal economic zones on the opening day of a week-long trilateral fishery conference. The three nations are participating in the 23rd annual meeting of the GovernmentUPI. - 265 words
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227 1976-11-02 11 Reuter PARIS. Mon. Two Vietnamese envoys arrive here today for a four-day official visit to France the first such contact since the end of the Vietnam war last year and the subsequent reunification of the country. Deputy Foreign Minister Mr. Nguyen Co ThachReuter - 227 words
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Article101 1976-11-02 11 AP TEHRAN, Mon. Iranian Minister of Industry and Mines Farroukh Najamabadi and visiting Swedish Minister of Commerce Burenstam Linger yesterday began talks on Irano-Swedish cooperation for exploitation of Kale-Gohar iron ore. The Irano-Swedish talks are aimed at utilisation of 300 million tonnes of iron ore depositsAP - 101 words
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Article86 1976-11-02 11 AP RANGOON, Mon Burmese President Ne Win has warned the country's ruling Socialist Party it must mend its ways if it is to tackle a deteriorating political and economic situation in the country. Mr Ne Win. speaking to the opening session of an extraordinary congress ofAP - 86 words
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859 1976-11-02 11 KUALA LUMPUR, Mon. Very important changes to tax laws which took place two weeks ago in the United States may affect American investments in Malaysia and other developing countries. This is because US business operating overseas will now have to859 words
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Article335 1976-11-02 11 Reuter UMTALI (Rhodesia), Mon. Rhodesian forces have launched reprisal attacks into Mozambique following the killing of four white civilians in Rhodesia by black nationalist guerillas, the government announced. An official communique yesterday gave no details of the size of the operation or its location. "We haveReuter - 335 words
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582 1976-11-02 11 FITCH Lovell, one of the largest food manufacturing and distribution groups in the UK, expects to increase significantly its present imports of raw materials from South-east Asia. It also hopes to promote the sale of its manufactured food products to582 words
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Article396 1976-11-02 11 KUALA LUMPUR. Mon. Jobs were found for only 2.94 per cent of the 117,758 people who were registered throughout the country with the Employment Service network during the month of August. According to statistics by the Manpower Department, a total of 3.483 Job-seekers were396 words
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Article, Illustration198 1976-11-02 11 Reuter VIENNA, Mon. Albania's isolationist leader Enver Hoxha (above) speaks today at a communist congress which may show whether Albanian-Chinese relations have been strained since the death of Mao Tsetung. The tiny Balkan state has been China's only European ally since Mr. Hoxha brokeReuter - 198 words
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Article78 1976-11-02 11 AP HONGKONG, Mon Japanese tourists account for about a quarter of the HKSI.B2I million (*****.3 million) spent by visitors to Hongkong in the first six months of this year, according to statistics released by the Hongkong Tourist Association. Tourists to Hongkong spent $1,390 million (US$27B million) inAP - 78 words
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293 1976-11-02 11 AP JERUSALEM. Mon The government held economic talks yesterday as the country faced two crippling strikes, police Investigations of public corruption and possible price hikes in basic commodities. The Cabinet established a special committee to keep hospitals open In case doctors on partialAP - 293 words
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202 1976-11-02 11 VIENNA. Mon. The Soviet and Egyptian foreign ministers will visit Bulgaria in the next few days, apparently for secret talks, official sources indicated tonight. There has been no official confirmation that Soviet Foreign Minister Andrei Gromyko and Egyptian Minister Ismail Fahmy202 words
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Article104 1976-11-02 11 CONSULTON Research Bureau, research and management consultants, will be running two seminars towards the end of this month. The first, scheduled for Nov 24 26. is on Financial Concepts for Materials Executives. The course is aimed at providing materials executives with an understanding of the104 words
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Article49 1976-11-02 11 AP TOKYO, Mon. Mr. Hsu Tsal-Lien, chairman of the China coal mining committee and Vice Minister of the Coal Industry, had a friendly" talk yesterday with a delegation from the British National Coal Board led by deputy chairman N. Slddall. a Peking broadcast reported. AP.AP - 49 words
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Page 11 Advertisements
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Advertisement432 1976-11-02 11 APPOINTMENTS Sime' Darby, Sime Darby Trading (SEA) Ltd. INTERNATIONAL MARKETING MANAGER Sime Darby Trading, the international trading arm of the Sime Darby Group in Singapore, are looking for a top-flight Marketing Manager to exploit the growing market opportunities opening up in South East Asia and the Middle East. Working in432 words
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Advertisement524 1976-11-02 11 The Hong Kong Tourist Association requires a capable and experienced executive for the appointment of REPRESENTATIVE EOR SINGAPORE. MALAYSIA AND INDONESIA (Based in Singapore) Qualifications Candidates must have a strong marketing orientated background, preferably related to the travel industry, and possess the drive, initiative and enthusiasm required to further develop524 words
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271 1976-11-02 12 Doubts about Aussie despite denials Reuter. CANBERRA, Mon. Doubts about the Australian Government's repeated denials that It does not Intend to devalue the dollar coupled with the high cost of production here were near pricing Australia out of international competition, according to former United States Secretary of Agriculture Orville Freeman.Reuter. - 271 words
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Article266 1976-11-02 12 BANGKOK, Mon. Thousands of Thai students went back to classes today as schools and universities reopened after a lay-off of more than three weeks following the coup d'etat on Oct 6. Police chief Gen. Sirsuk Mahinthorthep said that special police security patrols were being mobilised266 words
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Article252 1976-11-02 12 THE Diamond Importers Association of Singapore plans to set up a diamond exchange here. However, this is a long range plan, Mr. I. Pinsler, secretary of the association, stressed. One of the more immediate benefits is that diamond prices here would soon be more competitive. The252 words
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Article211 1976-11-02 12 SINGAPORE will act as the transit centre for the AngloFrench Concorde supersonic airliner on its forthcoming demonstration tour of the Far East. This was revealed in a joint press statement released by the French embassy and the British High Commission on the eve of the Concorde's211 words
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116 1976-11-02 12 HAW Par Brothers International Is in the process of re-organising its textiles division in order to eliminate loss-making factories and save those which are viable. Among the textile companies believed to be affected in this re-organisation is Mandarin Textiles, manufacturer and retailer of high116 words
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Article131 1976-11-02 12 Reuter ROME, Mon. Italy had a foreign trade deficit of 512 billion lire in September after a revised deficit of 345 billion in August, according to provisional figures published by the central statistics institute (Istat). This gives a deficit for the first nine months of the yearReuter - 131 words
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Article, Illustration270 1976-11-02 12 CAR sale* should increase by at least 1,000 a year as sales move progressively towards the government replacement rate of 15,000 to 20,000 cars a year, against a current replacement rate of about 14,000 annually. This is the projection of Mr.270 words
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Article84 1976-11-02 12 TWENTY-THREE manufacturers of Venetian blinds, awnings, insect screens and safety doors from the region will converge in the Republic for the Starlite seminar on Nov 11. The two-day seminar at the Equatorial Hotel, organised by the lAC Group which is the distributor of Starlite products, will consist84 words
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Article67 1976-11-02 12 A SECURITIES investment seminar will be held at the Goodwood Park Hotel on the evenings of Nov 23 and 24. The two speakers vill be Mr James Wright Cowan and Mr Lee Gord n William Clemson, both with claims to extensive experience in the securities industry. The organisers67 words
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Article53 1976-11-02 12 ANOTHER link has been added to the Grindlays Bank Group's international network of branches with the setting up of its new representative office in Duesseidorf last month. Its establishment reflects the importance to the group of trade between Germany and countries around the world where the Grindlays53 words
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Article73 1976-11-02 12 A PETITION to wind up five companies by the Official Receiver and Liquidator of Mosbert Acceptance Pte Ltd will be heard on Nov 19 at the High Court. The five are Mosbert Management Services Pte Ltd, Times Litho Publicity Pte Ltd, Amos Da we Pte Ltd,73 words
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Article47 1976-11-02 12 THE Government-owned Jurong Bird Park Pte Ltd has taken out a suit In the High Court against the Jurong Hilltop Bar and Restaurant. Its suit, filed by lawvers Drew and Napier, Is for electricity charges of $11,896.97 due to it by the restaurant.47 words
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581 1976-11-02 12 BILL BEFORE MALAYSIAN PARLIAMENT KUALA LUMPUR, Mon. The Malaysian pineapple Industry will soon enter a new era when Parliament approves a Bill that will sever its 20-year-con-nectlon with Singapore and give the Malayan Pineapple Industry Board greater control over the industry. Under a581 words
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Article291 1976-11-02 12 JUST when every cent counts. Ben has lost Its Tulip agency to Guthrie Trading, a wholly-owned subsidiary of Guthrie Berhad. The changeover took effect yesterday and the action apparently came as a surprise to Ben which until last week did not know of its impending291 words
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Article412 1976-11-02 12 Agencies PEKING, Mon. Wall posters were pasted up in Shanghai today naming Mr. Li Hsien-nien a political moderate as China's new premier, informed sources reported here today. They said the posters also stated that Defence Minister Yeh Chien-ying had been nominated chairman of theAgencies - 412 words
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483 1976-11-02 12 Reuter LONDON, Mon. Britain, after recent sharp falls in the pound, is entering a crucial week which may produce some nasty blows for its Labour government. The government faces the possibility of a demonstration of falling confidence from the public in three paliamentary by-elec-tions.Reuter - 483 words
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Article304 1976-11-02 12 KUALA LUMPUR, Mon.-A giant new plantation company is to be formed In Malaysia the result of a merger between the three separate plantation concerns managed by Harrisons and Crosfield. The three, Golden Hope, London Asiatic and Patalingi are each among the biggest growers of rubber and oIT304 words
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156 1976-11-02 12 Reuter KUCHING, Mon. The Sarawak State Government was enlarged today with the addition of two new ministers and five assistant ministers many of them from parties previously in opposition. The expansion of the Government follows the acceptance early this year of the Sarawak NationalReuter - 156 words
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153 1976-11-02 12 AP THE HAGUE, Mon The Soviet Government has agreed to a Dutch demand for talks aimed at giving the Royal Dutch airline KLM a bigger share of passenger traffic on the Moscow-Ams-terdam route. The Dutch Transport Ministry said the Russians agreed to negotiateAP - 153 words
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Article134 1976-11-02 12 Reuter TOKYO, Mon. VlceMinister of International Trade and Industry Toshinobu Wada said he would write to Federation of Economic Organisations (Keidanren) president Tolshlo Doko later this week to be briefed on the background for his proposal that some Japanese industries should voluntarily curb exports toReuter - 134 words
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335 1976-11-02 12 Reuter KUALA LUMPUR, Mon. The Malaysian Government raised base levels for export duty surcharges on rubber, tin and palm oil, effective immediately. Finance Minister Tenku Razaleigh Ham/ah said in his 1977 budget speech the minimum price on which export duties would beReuter - 335 words
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Article38 1976-11-02 12 AP BANGKOK. Mon. Finnair, the national air flaei carrier of Finland, will begin weekly flights from Helsinki to Bangkok tomorrow. Finnair will be using DC-8 jets for the 11 '/2-hour flight from Helsinki to Thailand.AP - 38 words
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231 1976-11-02 12 UPI WASHINGTON, Mon Former Defence Secretary Melvln Laird says he does not believe recent newspaper reports which say Secretary of State Henry Kissinger would be willing to stay on the Job for a few years if President Ford is elected.UPI - 231 words
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Article254 1976-11-02 12 AP JAKARTA. Mon. A US$lOO million (***** million) Canadian sponsored cement plant with an annual capacity of 500,000 tonnes has been Inaugurated In the town of Pangkajene, South Sulawesi The plant, called P. T. Semen Tonasa. is addition to an existing bringing total capacity o 629.999AP - 254 words
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Article222 1976-11-02 12 Reuter BEIRUT, Mon. Arab League officials and representatives of President Elias Sarkis are drafting a plan to deploy a strengthened peace-keeping force in Lebanon within 48 hours. Arab League mediator Dr. Hassan Sarri Al-Kholi said today. "Everyone wants peace," Dr. Kholi said, "the important thingReuter - 222 words
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Page 12 Advertisements
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Advertisement122 1976-11-02 12 Circulation for April, May and June 1976 Avtuft Ditty CtrenMlm undays 100,420 86,707 ined weekdays figures were Perhaps we shouldn't crow about it. But then again, why not? Sin Chew has the highest circulation among all the Chinese newspapers in Singapore:we reached the 100,000 mark way back in March this122 words