The Business Times, 4 November 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 THURSDAY, NOVEMBER 4, 1976 50 CENTS
    10 words
  • NEWS SUMMARY
    • Article
      Lock icon Ford concedes defeat
      30 1 Reuter WASHINGTON, Wed President Ford conceded victory to Mr. Jimmy Carter shortly after 12.30 p.m. today. He also sent a message of congratualtions to the President-elect. Reuter
      Reuter  -  30 words
    • Article
      'Recount votes' order
      67 1 NEW YORK, Wed. Trucks were sent throughout New York state this morning to pick up the state's 25,000 voting machines all impounded by a middle-of-the-night court order carrying White House approval. A recount is to be conducted after the Republican state committee asked for a court order
      67 words
    • Article
      Lock icon Smith leaves for home
      45 1 Reuter GENEVA, Wed. Rhodesian Prime Minister lan Smith left here today for home to attend to government business, leaving behind a ministerial delegation to continue talks with black nationalist leaders at a British-sponsored conference on the future of the breakaway colony.
      Reuter  -  45 words
    • Article
      Lock icon Sarkis peace plan
      24 1 UPI BEIRUT, Wed. President EliasSarkis today, put the finishing touches on his plan for enforcing the Arab-sponsored peace for Lebanon. UPI.
      UPI  -  24 words
    • Article
      Lock icon Irish favourite
      64 1 Reuter DUBLIN, Wed. Dr. Patrick Hillery, the European Common Market's social affairs commissioner. was firm favourite to become the Irish Republic's next president. The Fianna Fail Opposition Party selected the 54-year-old former Foreign Affairs Minister as its candidate for the presidency at a party meeting in preference to
      Reuter  -  64 words
    • Article
      Lock icon McNamara surveys Burma
      61 1 UPI RANGOON Wed. World Bank President Robert McNamara made an aerial survey of lower Burma's development projects in the Irrawaddy Delta yesterday, the official news agency said. Mr. McNamara, who arrived Monday for a three-day study tour of Burma, visited a farm villr age near Maubin town,
      UPI  -  61 words
    • Article
      MCP takeover plans
      72 1 KUALA LUMPUR, Wed. The Government has information that the Malayan Communist Party has plans to revive its armed struggle to take over this country by force according to the party's 1968 directive. Home Affairs Minister Tan Sri Ghazali Shafie told Parliament today in reply to sC question.
      72 words
    • Article
      Lock icon Dow down 15
      71 1 AP NEW YORK, Wed Stock prices took a steep drop today in the first moments of trading following Jimmy Carter's victory in the U.S. presidential election. The Dow Jones average of 30 industrial stocks fell 15.38 points to 950.71 in the first half hour of the session.
      AP  -  71 words
  • Chief Prices Changes
    • Article, Illustration
      In Singapore yesterday
      156 1 THE steadier trend at the Stock Exchange of Singapore was reversed yesterday with fairly sharp falls noted among most shares. Haw Par dropped 4Vi cents to 97'/i cents. The Business Times index was down 6.61 points to 249.49 while the Straits Times Industrial average shed 1.24 points
      156 words
    • Article
      In Kuala Lumpur
      107 1 Foils Most active O.C.B.C. $8.20 -.15 Haw Par 321,000 Gentlngs Slme Darby U.OB. DBS Inchcape C. Sugars Pan Elect. M Flour G. Lumber Rises Shell Guinness B Kawat Petal ing Tin $2 74 S3.52 $3.56 $3.84 $2.29 $1.00 $1.73 $2.05 $0.62 $3 40 $4 28 $1 38
      107 words
  • Article, Illustration
    Business hopes are slowly faltering
    709 1 SURVEY FINDS FEWER FIRMS OPTIMISTIC BUSINESSMEN in Singapore have become more cautious and less optimistic when viewing the immediate outlook. They are slightly gloomy about prospects for the next six months, with the gloomiest in sawmilling, rattan processing and petroleum refining. The top reason for
    709 words
  • Article
    TEAM FOR CHINA?
    52 1 THE Association of Finance Houses of Singapore is planning to send a team of about 16 members to China to strengthen ties between the two countries. According to the association officials, no specific plans have been made as the Ministry of Home Affairs has not yet granted
    52 words
  • Article
    Expectancy is the mood in Asia...
    737 1 Most Asian and other countries today received the victory of Mr. Jimmy Carter with expectancy rather than elation. In Asia, the question was to what extent the new American President would move to implement his East Asia policy, particularly in regard to South Korea
    737 words
  • Article
    Lock icon $ SAGS ON CARTER WIN
    158 1 SAGS ON CARTER WIN Reuter UPI IN Singapore, the US dollar weakened as Mr. Carter headed for victory in the US (residential elections. oreign exchange dealers •aid they received calls from dealers in Hongkong and West Asia seeking to sell their dollars and buy West German marks. Some European banks
    Reuter; UPI  -  158 words
  • Article
    Lock icon Six leaders detained under Security Act
    322 1 Reuter KUALA LUMPUR. Wed. Six leading Malaysian politicians two former deputy ministers, three opposition members and an official of the ruling coalition party have been detained without trial under the Internal Security Act. it was officially announced here. A statement by police headquarters said
    Reuter  -  322 words
  • Article
    Continuing export growth cuts trade deficit
    438 1 SINGAPORE'S export growth continue* to outpace her import growth, leading to a narrowing trade deficit. Exports in the first nine months of this year grew by 12,490 million over the same nine months last year, while the growth in imports lagged behind at $2,060.9
    438 words
  • Article
    A $7.7 million dive by San Holdings
    134 1 SAN Holdings has fallen deeper into the red, with a whopping net group loss of M 57.7 million for the year ended March 31, 1976. And from its Just released annual report, it is apparent that the company is facing a liquidity crisis
    134 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      36 1 Colour TV is simply great SEE PAGE 2 SEE PAGE 12 INSIDE US elections/TV Radio Overseas News/ Foreign Features Local Co. News Foreign Co. News Local Stock Overseas Stocks Commodities Transport Communications Features News Local/Overseas News
      36 words
    • Advertisement
      Page 1 Advertisements Column 2
      56 1 CS-2152 12 digits, 1 memory, Preset and floating decimal. Add mode. Constant and complex calculations CS-2101^^^ 12 digits. 1 memory Constant and complex calculations Floating decimal. Sole Agents ROXY (STORE) PTE. LTD. 463. Tanglin Halt Road. Singapore 3 Tel: *****1. ROXY (afSIA) SDN. BHD. Lot 16. Jalan 223. Section 14.
      56 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 (See Page 8).
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 SEE PAGE 2
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      77 1 MT* s WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland under Government Supervision Imported by Cold Storage SEE PAGE 4 Singapore to Jakarta 8.15 am, 11am, 2.45pm, 3.30pm, spm, 7.30pm Mon, Wed Jakarta to Singapore ;j 8.15 am, 10am, 12.45pm, 4.30pm, 5.15pm, 6.45pm Tue, Thu 4.55pm Whichever service you
      77 words
Page thumbnail Page 2
  • U.S. PRESIDENTIAL ELECTION
    • Article
      Common link in all the famous names
      255 2 YESTERDAY'S elections in America proved no exception to the old rule that rich men, men with business backgrounds, and sons of famous business families, often seek and gain political office. There are at least three well-known victors: In West Virginia, Mr. John Rockefeller
      255 words
    • Article
      From shadow of obscurity to the White House
      822 2  -  ■y JOHN GRAHAM ivirt. jimmy uarter, old peanut farmer and former Governor of the state of Georgia, narrowly defeated President Ford in yesterday's election. Barring some extraordinary development, such as evidence of electoral fraud, he will be inaugurated as America's next President
      822 words
    • Article, Illustration
      Lock icon FIELD DAY FOR DEMOCRATS AT EVERY LEVEL
      1195 2 THE Democratic Party demolished its Republican opponents in yesterday's elections, and now dominates every branch of American Government to a degree not seen for many years. The victory was a clean sweep. Not only did Mr. Carter win the Presidency, but Democrats tightened
      UPI.  -  1,195 words
    • Article
      Lock icon I defeated a good, decent man...
      339 2 AP ATLANTA, (Georgia), Wed. Mr. Jimmy Carter, his election as President of the United States in hand, praised the man be defeated as a "good and decent man" and told his supporters: "If I can tap the greatness that's in you, we can make
      AP  -  339 words
    • Article
      Narrow victory for Carter in electoral vote
      497 2 THE election will be remembered not only for the tiny margins by which many states were decided, but by the narrowness of Mr. Carter's victory in the electoral, rather than the popular, vote. Late last night, with three states undecided, it appeared that
      497 words
    • Article
      Lock icon Uncertain times for marts
      358 2 Reuter NEW YORK, Wed. A period of uncertainty appears to be the immediate prospect for stocks, bonds and foreign exchange markets following the victory of Democrat Jimmy Carter. This opinion was expressed by bankers, economists and Wall Street analysts, who believe the initial response in the
      Reuter  -  358 words
    • Article
      Lock icon U.S. DOLLAR STOCKS IN EUROPE RETREAT
      150 2 Reuter LONDON, Wed. US dollar stocks traded In Europe continued to decline slowly with International Investors apprehensive over the Carter victory in the presidential election, dealers said. Stock prices were undermined by the prospect of major shifts In US political and economic policies at
      Reuter  -  150 words
    • Article
      Lock icon GOLD PRICE RISES
      54 2 Reuter ZURICH, Wed. Gold row to U*****.75/ 124.75 an ounce at the opening from yesterday's $122.25/ 123.00 close but slipped back slightly to $123.50/ 124.50 after the first hour, dealers said. < They said the sharp increase was in response to Mr. Jimmy Carter's presidential election victory,
      Reuter  -  54 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      105 2 THE SUN NEVER SETS :7T17 Is? Rainier National Bank operates in six time zones. So, when the day ends in Singapore, the morning sun is just rising over the Thames. For those whose interests lie in Alaska and the Pacific Rim, Rainier offers a unique knowledge of these areas. Our
      105 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      73 2 BriStoW: rVaruc Dickens DRWGf?, ON BfeHPU.F Of" FfeiiOu) mf*f i 1 THP*t*r NOO FO« P\ TOST PL£fV=>PkrtT VT \S NICE- TO KfKXJ TMPiT u*. CP>M Revi UPO* VOUR 9>K\VL P**»D JuDG€meNT OJUCX e*lP\e>lj£S OS TO RePtCH 00C D£STit**TiOi4 f\j»»ClUP>U_y. TUC SmocsTHN££»S OF THC Roe "T-hC CljfcP*4LiNeSS Of THC CBRR.IPG£S PtfC
      73 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      262 2 SINGAPORE 5 TV 3.00 Opening Announcements followed by Housewives' matinee Boys In Love (r) with English/ Chinese subtitles. Pt. 1 of a Mandarin film 3.45 General Hospital 4.25 Intermission 6.00 Opening Announcements followed by Castaway Esmeralda Log (last episode) 630 News in Brief 635 Tadika (Malay) (r). A children's playhouse
      262 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon HK appoints Blye as secretary for money affairs
      242 3 Reuter HONG KONG, Wed. A new government Secretary for Monetary Affairs, has been established and will be occupied by Mr Douglas Blye, formerly Accountant General, the Hongkong Government said. Mr. Blye, whose old post Is abolished, will head a new monetary affairs
      Reuter  -  242 words
    • Article
      Lock icon Swiss franc note issues to reach record 10 billion
      360 3 Reuter OTELFINGEN, (Switzerland), Wed. Schweizerischer Bankverein said it expects the private placement of Swiss franc notes by foreigners to reach a record 10 billion francs this year compared with seven billion in 1975. In background information for a press symposium here
      Reuter  -  360 words
    • Article
      Lock icon Reserves fall
      76 3 Reuter OSLO Wed. Norway's total gold and foreign currency reserves fell to 12.02 billion crowns in August from 13.06 billion in July and compared with 11.74 billion in August 1975, National Bureau of Statistics figures show. Meanwhile Norway's current account balance of payments switched to a 2.51 billion
      Reuter  -  76 words
    • Article
      Lock icon Second oil refinery
      78 3 Reuter TAIPEI, Wed. Taiwan's second oil refinery, built at a cost of US$l23 million, became operational yesterday to meet demand in the northern part of the island. The refinery, which will produce 100,000 barrels of oil a day. has six oil depots with a combined capacity of
      Reuter  -  78 words
    • Article
      Lock icon French money supply growth slows to 0.8 pc
      260 3 Reuter PARIS. Wed. French M2 money supply row an adjusted 0.8 per cent in August following a one per cent gain in July, the National Credit Council said. Unadjusted the M2 aggregate fell 0.9 per cent to 822.9 billion francs, a 17
      Reuter  -  260 words
    • Article
      Lock icon S.African gold holdings slip
      92 3 Reuter. PRETORIA, Wed South African gold holdings dropped 0.7 million rand last week to 374.5 million, the Reserve Bank said. Total gold and foreign reserves rose 2.1 million rand to 703.3 million. The bank said in its return for the week ended Oct 29, bills fell
      Reuter.  -  92 words
    • Article
      Lock icon 'Ireland's problems serious'
      94 3 Reuter. DUBLIN, Wed Ireland's problems are more difficult than Is widely believed and even more serious than those of the UK, a study by a US management consultancy Sey and Co, says. The firm, working for the Bank of Ireland which gave details of the report after
      Reuter.  -  94 words
    • Article
      Lock icon Bank cuts loan rate
      48 3 Reuter TORONTO, Wed. Canadian Imperial Bank of Commerce said it reduced to 63/4 per cent from seven jper cent the rate for US dollar loans made In Canada. The reduction effective Immediately reflects further easing in the cost of US dollars in Canada. Reu-
      Reuter  -  48 words
    • Article
      Lock icon Bank talks
      30 3 Reuter FRANKFURT, Wed. The Bundesbank will not hold a press conference after the routine fortnightly meeting of Its central bank council here tomorrow, a central bank spokesman said.
      Reuter  -  30 words
    • Article, Illustration
      Lock icon The remittance men of Asia in the West
      1000 3  -  Before a Filipino may leave the country he must swear an affidavit promising to remit a percentage of his foreign earned income every month. By JO McBRIDE Financial Times REMITTANCES of foreign currency from migrants working in the industrialised world are becoming
      Financial Times  -  1,000 words
    • Article
      An office of opportunity for exporters
      785 3  -  By CAROL KENNEDY THE biggest problem for any exporter in the developing world is to find and build up markets in the Industrialised countries. Now, however, there is a helping hand for this highly competitive task the lmKrt Opportunities Office in ndon, which in
      785 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      125 3 o #V> V. a e C iv 3 m V 4 3 M *®s h»»V. S: V at the Rang Mahal For discerning diners to whom a curry is more than a Sunday dish, the Rang Mahal offers Mogul cuisine. Prepared as in the Imperial days of Shah Jahan, the
      125 words
    • Advertisement
      Page 3 Advertisements Column 2
      106 3 DOCUMENT PROCESSING DIVISION h^TiTiTYI Trade-in for any copier regardless of condition or Free $1,000 of RICOH paper c Wm .*r BS-2 Wywy cuts your copying costs. BS-2. $3,600 Normal price. Dry copies up to ten per minute. Pre-set dialling for multiple copies. Cuts roll paper to length of original saves
      106 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      A woeful tale from San Holdings
      910 4 SAN Holdings has suffered a net loss of M 57.7 million in the year ended March 31, 1976. and the group is now in the throes of its worst liquidity crisis. This woeful tale is revealed in its overdue annual report which shows the
      910 words
    • COMPANY MEETINGS
    • Article
      A 'lift suspension' plea from W'wide
      783 4 WORLDWIDE Holdings has asked the Kuala Lumpur Stock Exchange to lift the suspension on dealings In its shares. This, however, would not seem very likely. The affairs of the company have become so unsatisfactory that the Stock Exchange was obliged to ask in its
      783 words
    • Article
      PROFILE IN BUSINESS
      148 4 Messrs. Michael Fam Yue Onn and Wee Cho Yaw have resigned as directors of Harimau Investments with effect from Oct 28 and Oct 30 respectively. Mr. Chan Sun Kong has resigned as a director of Gllani Jute and Textile Mills with effect from Sept 30. Mr. Walter
      148 words
    • Article
      Big interim dip for Talam
      338 4 ESTIMATED pre-tax profits at Talam Mines declined 40 per. cent to M 5178.030 for the first six months ended Sept 30, 1976. The sharp decline is mainly due to lower mining profits and Investment income. Mining profits slipped 35.3 per cent to $158,019 despite a
      338 words
    • Article
      Lock icon GEC halts overseas payoffs
      106 4 AP FAIRFIELD, Conn Wed. General Electric Corp says some of Its overseas subsidiaries made payments totaling U*****,000 to foreign officials In connection with Imports, customs and taxes. The company said It had ordered a halt to the practice. It did not disclose the names of the
      AP  -  106 words
    • Article
      Lock icon VW to woo Mexicans
      114 4 UPI WOLFSBURG, Wed. The Volkswagen company is trying to interest Mexicans in investing in its plant in Mexico, a spokesman said. 'We have had no success but we are continuing our efforts,' said Mr. Rudl Maletz. public relations chief for Volkswagen. Mr. Maletz said Volkswagen would
      UPI  -  114 words
    • Article
      Lock icon ECSC
      34 4 Reuter ZURICH, Wed. The European Coal and Steel Community's 80 million franc 15-year Swiss loan will have a coupon of 5-* per cent, Schwelzerlsche Bankgesellschaft said. Issue price will be fixed later Reuter
      Reuter  -  34 words
    • Article
      DIVIDENDS ANNOUNCED
      319 4 Current Ex Date Total for Total ft* payment Date payable the year previous year Gen ting M«liru Flour 5*TE Oct. 12 Nov. 5 5*TE+ 12.5*TE 10*TE+ Oct. 5 Nov. 5 10*TE+ Nil M. Breweries m Oct. 20 Nov. 6 30* 30* BatuLiataaf 5* Oct. 20 Nov. 8 7.5*
      319 words
    • Article
      Perak Carbide gets ready to diversify
      312 4 PERAK Carbide, Its Rroblems of relisting over, as now settled back to concentrate its efforts on diversification. It is going full speed ahead with plans of moving into the metallurgical field through the production of ferro-silicon. The company has told the Kuala Lumpur Stock
      312 words
    • Article
      T. Veneer's future still uncertain
      368 4 j THE Stock Exchange of Singapore is very anxious to know the outcome of Tropical Veener's appeal to I United Malayan Banking Corporation for a reconsideration of its decision to place the company under receivership. The exchange has now written three letters of enquiry to
      368 words
    • Article
      Charter Con
      45 4 TRONOH Mines Malaysia, Ayer Hitam Tin Dredging Malaysia and Sungei Besi Mines Malaysia said they established Charter Consolidated as branch share registrar in the UK with effect from Nov 1 following the completion of their transfer of residence to Malaysia from the UK.
      45 words
    • Article
      Lock icon Gloomy prospects for solutions
      914 4  -  WORLD ECONOMIC PROBLEMS By CLYDE H. FARNSWORTH NYT PARIS, Wed. In the business and financial centers of Europe an air of gloom Is spreading over prospects for the world economy and its capacity to tackle the mounting problems of debt management, sluggish growth and rising unemployment.
      NYT  -  914 words
    • Article
      Lock icon James Beam Distilling
      109 4 UPI CHICAGO. Wed. James B. Beam Distilling said it has refused to comply with the Arab boycott of Israeli products and Industry. Mr Martin Lewin, Beam president, said the company has denied all Arab requests that the company 'guarantee that its products were neither manufactured in Israel
      UPI  -  109 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      159 4 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)
      159 words
Page thumbnail Page 5
  • INTERNATIONAL COMPANY NEWS
    • Article
      Whitbread expects better results
      160 5 LONDON. Wed. With a 46.4 per cent jump in interim pre-tax profit to 125.85 million (117.65 million). Whitbread is confident that the full year results will show an improvement over those of 1975. The company said that though present trends show a slowing down in the
      160 words
    • Article
      Lock icon Canada Trustco to issue debentures
      111 5 Reuter TORONTO. Wed. Canada Trustco Mortgage plans to raise Cs2s million in the Eurobond market through an issue of five-year debentures with an anticipated coupon of 9'4 percent. Wood Gundy said. The debentures will constitute deposits insured by the Canada Deposit Insurance Corp. which is
      Reuter  -  111 words
    • Article
      Lock icon Reed profit doubles
      148 5 Reuter LONDON. Wed. On a sales rise of 35.1 per cent. Reed International has raised pre-tax profit by 93.2 per cent to L34.4 million (117.8 million) for the first six months ended Sept 30, 1976. Sales rose from 1495 million to 1668.6 million. Earnings per share were
      Reuter  -  148 words
    • Article
      Setback for Lockheed
      563 5 BURBANK. Calif.. Wed. The Tristar programme is eating deeply into Lockheed's earnings in the current year, and for the third quarter net profit was down a large 28.4 per cent to US$9.l million ($12.7 million). With mid-term earnings down by only 10 per cent to $22.2 million
      563 words
    • Article
      Lock icon Banks on FDIC problem list
      573 5 NYT WASHINGTON. Wed. Eight billion-dollar banks are now being carried on the so-called problem list of the Federal Deposit Insurance Corp. up from just two at the beginning of the year, the banking agency disclosed yesterday. One of the eight, moreover, is considered a "serious
      NYT  -  573 words
    • Article
      Forte takes over Lyons interests
      210 5 LONDON. Wed. Trust Houses Forte said it agreed with J. Lyons and Co in principle to acquire from Jan 1, 1977 all Lyons hotel interests in the UK and Eire except for the Tower Hotel in London. The companies said in a statement consideration will
      210 words
    • Article
      Lock icon Greyhound goes into reverse
      209 5 Reuter NEW YORK. Wed. After an 18.8 per cent improvement at mid-term. Greyhound has gone into reverse in the second six months. Reporting an 11.4 per cent fall in third quarter net profit to U5526.4 million ($29.8 million), the company has indicated that the setback will
      Reuter  -  209 words
    • Article
      C. Pacific
      42 5 TORONTO. Wed. Canadian Pacific has reported practically unchanged third quarter net profit at C 551.67 million ($51.53 million), or 71 cents (70 cents) per share. For the nine months, profit was $124.55 million ($121.48 million) or $1.71 ($1.66) per share.
      42 words
    • Article
      Lock icon Brooke Bond optimistic
      209 5 Reuter LONDON, Wed. Reporting a jump of 83.2 per cent in mid-term profit. Brooke Bond Liebig expects a satisfactory increase in earnings for the full year. Directors said that the current outlook is for satisfactory increase in trading profits provided price increases can be obtained to offset
      Reuter  -  209 words
    • Article
      Lock icon Mt. Newman ups iron ore sales
      275 5 Reuter MELBOURNE, Wed. The Mt. Newman joint venturers have offered Japanese steel mills an extra three million tonnes of iron ore a year from the Mt. Whaleback mine. Western Australia, Broken Hill Proprietary said in its monthly news review. The sale is conditional on
      Reuter  -  275 words
    • Article
      Lock icon Pilbara at a crossroads
      1064 5  -  AREAS OF COMPROMISE By DON LIPSCOMBE Financial Times THE world's most important iron ore region the Pilbara in Australia has reached a financial crossroads. The turn it takes has global implications. Contracts announced in September were hailed as "the first real breakthrough in major resource developments
      Financial Times  -  1,064 words
    • Article
      FTC search
      53 5 TOKYO. Wed. The Fair Trade Commission said it has reached the offices of three Japanese makers of chemical shoe soles for suspected violation of the antimonopoly law. The firms Riken Vinyl Industry Plas-Tech Corp and Sumitomo Bakelite were accused of refusing to sell their products to firms not
      53 words
    • Article
      Lock icon Pollution-control bonds
      658 5  -  EXXON'S $-RAISING TECHNIQUE By VARTANIG VARTAN NYT EXXON Corp. which pays more than US$5OO million annually in interest on its substantial borrowings, is taking a page from a money-raising technique once popular at the Treasury Department, the country's biggest borrower. In what it describes as an '•experiment." the
      NYT  -  658 words
    • Briefly
      • Article
        Rhone-Poulenc
        91 5 RhonePoulenc PARIS. Wed. RhonePoulenc has reported provisional first-half 1976 parent company profits before tax. depreciation and provisions of 111.23 million francs. The company said results cannot be compared with year-ago period, when it showed profit of 163.1 million francs, because of changes in dividend payment dates by its subsidiaries. The
        91 words
      • Article
        CNR
        26 5 LONDON. Wed The Canadian National Raiways US$B5 million 8 1 per cent Eurobond, due 1986, was priced at par, lead manager Salomon Brothers International said.
        26 words
      • Article
        UK bonds
        68 5 LONDON, Wed. The latest weekly batch of British municipal authority one-year negotiable bonds carries a coupon of 15'« per cent, with pricing at par, dealers said. The respective terms on last week's offering were 14 1 2 per cent and par. The steep increase in interbank money costs
        68 words
      • Article
        New Zealand
        60 5 PARIS. Wed. The New Zealand government is planning a US$lOO million ten-year Eurobond. Kidder Peabody International said as lead manager. The issue is expected to carry a coupon of B*4 per cent payable Dec 1 and pricing is expected on Nov 16. A small purchase fund will, if
        60 words
      • Article
        Occidental
        86 5 LOS ANGELES. Wed. Occidental Petroleum Corp said it expects a strong fourth quarter, and repeated its goal for teetotal year is to approach UfcL year's performance, v But the company, in its nine-month report to shareholders, added it will be more difficult to meet that goal. It cited a
        86 words
      • Article
        Gesellschaft
        79 5 ZURICH. Wed. Schweizerische Bankgesellschaft said its balance sheet total rose to 49.12 billion francs at end-September 1976 from 47.96 billion at end-June and 47.29 billion francs at end December last year. The bank said it expects a satisfactory result for the year as a whole. In the first nine
        79 words
      • Article
        Haliburton
        62 5 NEW YORK. Wed. On revenue up from US$l.lB billion to $1.23 billion, third quarter net profit at Halliburton rose from $67.43 million to $91.25 million. For the nine months, net profit came to $225.68 million ($162.17 million) on revenue of $3.59 billion ($3.16 billion). Earnings per share were $1.56
        62 words
      • Article
        Lock icon Ampol
        111 5 Reuter JAKARTA, Wed. The Indonesian Government and Ainpol Petroleum N1 reached a basic agreement under which Indonesia will start selling oil to Australia in January. Mining Minister. Mohammad Sadli said. Industry sources said a five-year contract was expected to be signed soon for delivery of 10.000 barrels of crude
        Reuter  -  111 words
      • Article
        Sperry
        41 5 NEW YORK. Wed. Sperry Rand said Sperry Univac will unveil a new large scale computer at a news conference here on Nov 10. The company also said it will show a new concept of systems architecture, but did not elaborate.
        41 words
      • Article
        Lock icon Xerox discounts
        67 5 Reuter STAMFORD. Conn. Wed. Xerox Corp said it will oltei rental discounts on several models of its duplicators. The company said users of Xerox 2400. *****. *****11 and 7000 duplicators are being offered discounts ranging from six to eight per cent below current 30-day agreements if they use
        Reuter  -  67 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      23 5 moke more MONEY I fl fflt OrfaniMtion of broktrt, opening iMmkwtkir MMh (m» and Africa. Merchant Brokers Exchange 54 Wijm»n Stmt, L»w<«n W1
      23 words
    • Advertisement
      Page 5 Advertisements Column 2
      235 5 1 BANK OF AMERICA, NT SA 2. CITIBANK, NA 3. CHASE MANHATTAN BANK, NA 4. MANUFACTURERS HANOVER TRUST CO. 5. CHEMICAL BANK 6. MORGAN GUARANTY TRUST CO. 7. CONTINENTAL ILLINOIS NB&T CO. 8. BANKERS TRUST CO. 9. FIRST NATIONAL BANK, CHICAGO 10. SECURITY PACIFIC NATIONAL BANK 11. WELLS FARGO BANK,
      235 words
Page thumbnail Page 6
  • Article
    Share Information Service
    1920 6 SECTION ONE INDUSTRIALS 250 170 Acma 176 12.ON 1.1 6.8 8.8 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 65 -1 2 65 65 237 185 Bata 210 14.0 2.0 6.6 10.8 186 66 Ben 69 SUSP 402 254 Boustead 320 unch 40.0
    1,920 words
  • Article
    Transactions in Singapore
    1417 6 BID and offer 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 quoted after the word •Sett." Big Boards
    1,417 words
  • Article
    Unit trusts
    154 6 SINGAPORE UNIT TRUST (Manager's prices for Nov. 4) INCOME BOND UNIT (Current prices) The Commerce 1 70 I 80 The Saving Fund 0 96 1.01 S pore Prog Fund 0.81 0 86 S pore Security Fund 127 1 34 S'pore Invest Fund 1.03 109 ASIA UNIT TRUST (Manager's
    154 words
  • Article
    Government and corporate bonds
    418 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/Ut Dec 1977 (1.000.000) (101.658 101 755) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/15 th Apr 1978 (1.000.000) (101 638 101.725) S'pore Govt 6 3/4% Taxable Loan No 1 With
    418 words
  • Article
    In Kuala Lumpur
    1160 6 HII) and offer prices officially listed and business in and reported to the Kuala Lutnpur Stock Exchange yesterday with the number of shares traded shown in brackets in Jots of 1.000 units unless otherwise specified INDUSTRIALS A Tap* (0.435). AJinomoto <1.858 1.958) <1) 1.90 Alcorn (2.138) (1)
    1,160 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      228 6 -ri mm 4 -V. S/M-'a V 4 ■■t mi •V •> >" -t m m£. v-V *A m >:X "K :r< Mm V- *»-v J■V V -I ifflfg -,5% V p^ers t rT-' Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new
      228 words
Page thumbnail Page 7
  • Article
    Shares lose some ground
    534 7 ON the withdrawal of the bulls and short-covering activity, share prices fell sharply in moderate trading at the Stock Exchange of Singapore yesterday. The absence of followthrough buying support was particularly evident as speculators became more hesitant about making fresh commitments. It would appear that, the
    534 words
  • Article
    Similar trend at KLSE
    555 7 THE slow downward drift in prices resumed at the Kuala Lumpur stock market yesterday, as buyers withdrew once more to the sidelines. After two days of uptrend the market turned erratic on lack of follow-through support. Values were pared, and in a number of counters, there
    555 words
  • WALL STREET AND OTHER OVERSEAS MARKETS
    • Article
      London
      767 7 LONDON, Wed. The stock market closed firm In thin trading and at 3 p.m. the Financial Times index was up 0.0 at 290.2. Initially, prices were marked lower on the US presidential election result but there was a quick recovery as no selling pressure followed. Stock shortage accentuated the
      767 words
    • Article
      Amsterdam
      304 7 AMSTERDAM: The market closed firmer after a hesitant opening on Tuesday. Demand Increased on speculation of a Ford victory in the US presidential election, dealers said. Dutch internationals closed sharply firmer led by AKZO which rose two guilders on its qualified favourable forecast Elsewhere other gains included Ommeren, Scheepvaart
      304 words
    • Article
      Bangkok
      81 7 NOV 03 Bahts Asia Fibre 117 Bangkok Bank 231 •2 Bangkok Invest 143 1 Bangkok-Metro-politan Bank Bata BerllJucker 157 Charoong Thai unch Wire 143 Dumex DusltThanl Faber Merlin First Trust Indo-Thal IMS ♦4 J AncPJ Ho 142 Jalaprathan Cement 89 Karnasuta 34S Lee Kwang Mln 100 Metal Box 3
      81 words
    • Article
      Zurich
      299 7 ZURICH: The market closed very steady in generally quiet activity on Tuesday, except for some special movements, dealers said. Interest centred on Bally, whose two stocks moved strongly higher In very active dealings on further technical speculative buying and covering. Bally registered firmed by about 15 per cent, while
      299 words
    • Article
      Frankfurt
      276 7 FRANKFURT: Shares were up to six marks higher on major institutional buying In quiet, thin trading on Tuesday, but no special factors were evident, market sources said. Electrical, motors, engineerings and utilities all rose, with Siemens up five marks. Daimler 4.70, Mannesmann six, and Linde up 6.50 following on
      276 words
    • Article
      Milan
      147 7 MILAN: Stocks opened In modest dealings on Tuesday, with operators encouraged by prospects of government measures to relieve industry of some social security and other payments. Bourse sources said. Industrial and financial leaders gained. Both Olivetti*, both Pirellis, Montedison and Fiat were all firmer. NOV 02 Ure Ante 400
      147 words
    • Article
      Toronto
      308 7 TORONTO: In what dealers said was anticipation of a Ford victory in the US presidential election, share prices closed broadly higher on Tuesday, on the Toronto Stock Exchange. Banks and lnterllsted issues finished particularly strong. Northern Telecom advanced 1H to 34V Canadian Pacific added H at 17, Bank of
      308 words
    • Article
      Brussels
      148 7 BRUSSELS: Domestic share prices closed mixed on Tuesday, in hesitant trading ahead of the US elections. Bourse sources said. In Belgian stocks. Hoboken and Soflna rose but Wagon-Lits. GB, Arbed and Traction fell. English stocks mostly fell but German. Dutch and US shares closed higher. Petrofina and US and
      148 words
    • Article
      Sydney
      437 7 v v SYDNEY: The market closed generally easier, on Wednesday with attention focussed on the US presidential election, dealers said. Indications that Democratic candidate Jimmy Carter was leading President Ford dampened trading sentiment, they said. Pancontinental led the fall among miners dropping 20 cents to 9.30 leading industrial BHP
      437 words
    • Article
      New York
      22 7 NEW YORK: The stock market and the Chicago Board Options Exchange were closed on Tuesday for the American Presidential elections.
      22 words
    • Article
      Tokyo
      13 7 TOKYO: The stock market was closed on Wednesday for a national holiday.
      13 words
    • Article
      Jo'burg
      266 7 JOHANNESBURG: Gold shares were barely steady In quiet afternoon trading on Tuesday, following lower bullion Indications, dealers said. Mining Financials were quietly firmer ahead of the US elections. De Beers was unchanged at 315. Coppers and platinums were very quiet, otner metals were firmer. Industrials were dull and marginally
      266 words
    • Article
      Paris
      12 7 PARIS: The market was closed on Tuesday for All Souls Day.
      12 words
    • Article
      Hongkong
      285 7 NOV 03 HKS Amal Rubber 1.45 Associated Hotels 1 98 +0 01 Bowalers Cheong Kong 5.75 -0.05 China Engs 1020 -0.5 China Light 24 50 unch City Hotels 31 00 unch City Urban 4 40B Con P4S 4.20 unch Cross Harb Tunnel 9 70N East Asia Navig 5 25
      285 words
    • Article
      Lock icon FDIC to conduct consumer survey
      383 7 NYT WASHINGTON, Wed. The Federal Deposit Insurance Corp; one of the bank regulatory agencies that have been sharply criticised for their alleged failure to enforce several consumerlst credit laws, is planning a national poll to determine whether consumers themselves can enough about the legislation to
      NYT  -  383 words
    • Article
      Lock icon NKK joint venture in Jedda
      102 7 Reuter TOKYO. Wed. Nlppoi. Koian Kaisha (NKK) said it reached basic agreement with Saudi Arabia's Juffall industrial group on the establishment of an equallyowned joint engineering venture in Jedda in mld--1977. The Joint firm, to be called NKK Arabia, will be capitalised at US$l million
      Reuter  -  102 words
    • Article
      Lock icon L'Oreal higher
      134 7 Reuter PARIS, Wed. L'Oreal has reported net consolidated profit, after capital gains and investment provisions, of 86.6 million francs (69.3 million francs) for the first six months of this year. Consolidated profit, before tax, employee participation and excluding gains, was 197.6 million francs (158.3 million francs). The company
      Reuter  -  134 words
    • Article
      Lock icon Shell Australia
      86 7 Reuter SYDNEY, Wed. Shell of Australia shut down its refinery here because maintenance workers refused "to lift a three-week ban on repairs to a catalytic cracking plant, a Shell spokesman said. The plant was able to produce petrol by distillation during the period un- til it filled all
      Reuter  -  86 words
    • Article
      Manila
      105 7 nov m Peso* Acoje Mining 0145 0 0005 Atlas Con. A 30 00 -0 25 Atlas Con B 30 50 -0 25 BaguloOold 012 unch Benguet Con B BF Goodrich I CDCP Inco B 0096 ♦0 0008 LepantoB 1025 -0 0025 Marlnduque B 70S -0 15 Meralco 3 50
      105 words
    • Article
      Indices
      68 7 FINANCIAL TIMES INDUSTRIALS 283.6 286.3 273.3 TINS 120.14 121.84 116.25 RUBBERS 475.80 484 67 498 90 OILS 361.65 362 34 340.38 DOW JONES AVERAGE INDUSTRIALS Tuesday Closed 966 09 948 14 LONDON DOLLAR PREMIUM Tuesday Monday 131 to 131 'a'% 130'« to 130\% H.K. HANG SENG 392.74 Monday Closed
      68 words
    • Article
      Lock icon Ford strike hits US car production
      137 7 AP DETROIT, Wed. Strikerelated losses at Ford Motor sent US auto production In October falling eight per cent from a year ago to 689,707 units. The industry built 749,968 cars in October, 1975. Ford lost 148.000 cars from its October production schedules due to
      AP  -  137 words
    • Article
      Lock icon Lazard Bros signs deal with Onsan
      110 7 Reuter LONDON. Wed. Lazard Brothers said it signed a £13 million financial agreement, backed by the UK export credits guarantee department, with Onsan Copper Refinery of South Korea. Under the agreement, funds will be made available by Barclays Bank International for a contract to
      Reuter  -  110 words
  • Page 7 Advertisements
    • Advertisement
      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
Page thumbnail Page 8
  • COMMODITY REPORTS AND PRICES
    • Article
      Rubber market
      620 8 AFTER opening slightly lower, the Singapore rubber market was very quiet, then eased about one cent on stale bull liquidation and some pressure on November RSS one, dealers said. However, prices recovered slightly towards the morning's close on shortcovering while physicals and forwards were thinly traded. The market
      620 words
    • Article
      SSR and SMR
      120 8 DAILY SSR and SMR prices at noon yesterday H.A.S. No*. (Current Mthl Buyers Seller* (cents per kg) Dec. (Forward Mth) Buyers Sellers (cents per kg) SSR 20 SSR 50 (1—ton Pallets) (1—ton Pallets) 190 00 187 50 192 OON 189 50N ***** 188.50 193 OON 190.50N M.R.K.L.B.
      120 words
    • Article
      Straits tin
      171 8 THE Straits tin price in Penang yesterday rose $5.37'/i to close at $1,197.50 per picul on an official offering down five tonnes to 210 tonnes. In LONDON yesterday, tin lost mostly £2 per tonne in both contracts. The market appeared to be marking time in the absence of
      171 words
    • Article
      Closing prices
      30 8 Rubber: Nov 3 Singapore: Nov. 206.00 cU (down 2.00 eta.) Malaysia: Nov. 213.75 eta. (down 1.50 eta) Tin: $1,197.50 (up $5,374) Official offering: 210 tonnes (down 5 tonnes)
      30 words
    • Article
      Silver
      112 8 LONDON, Wed Silver rose by 3.2p to 3.4p per troy ounce. Values worked steadily higher on fresh chartist and some stoploss buying which lifted Three Months to 286p per troy ounce in the ring before profit-taking paired the advance by 0.3 p. Dealers said the main impetus stemmed from
      112 words
    • Article
      Lead
      51 8 LONDON Wed. Lead gained C 2.50 per tonne for Cash and 11.50 for Three Months. Dealers said the market extended Tuesday's late steadier trend on small scale covering prompted by the trend in copper. Three Months traded up to C 296.50 per tonne but dealings were light at 650
      51 words
    • Article
      Palm oil
      133 8 THE following Palm Oil prices were quoted In London on Tuesday The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated Tuesday Prev Malaysian 5% ffa bulk Dec Jan Sumatra 5% Nov Dec Jan Feb Mar Nigerian 5% ffa bulk sterling
      133 words
    • Article
      Produce prices
      157 8 C HINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PlCl'l. YESTERDAY. Coconut Oil: Bulk $72 setters, old drum $77 sellers, new drum $82 sellers. Copra: Mixed (loose) UK/Cont $45 buyers. Pepper: Muntok ASTA while f ob 100% NLW $325 sellers, Sarawak white f ob 96% NLW $307'J sellers,
      157 words
    • Article
      Gold
      330 8 DURING the morning, the Singapore gold market held quietly steady around the familiar level of U*****.00 per ounce. In the afternoon it sprang into life with the confirmation of Mr. Carter's election and leapt up to a high of US $124.30 before reacting slightly to close at US $124.00
      330 words
    • Article
      Copper
      196 8 LONDON, Wed. Copper wirebars finished the morning £5.50 and £4.50 per tonne higher for Cash and Three Months respectively. On the pre-market, values tended to fluctuate on movements in sterling although a softer undertone emphasised lack of physical offtake following the US holiday, dealer said. In the ring a
      196 words
    • Article
      Zinc
      106 8 LONDON. Wed Zinc lost about £2.75 per tonne for Cash and £1.75 for Three Months. Values fell in the steadier pre-market levels, where Three Months traded up to 1397 per tonne. But further hedge and chart selling resulted In ring business down to £392. Sales of 4,125 tonnes were
      106 words
    • Article
      Lock icon RICE HAS QUIET WEEK IN BANGKOK
      146 8 Reuter BANGKOK, Wed. Very little activity was reported in the rice market during the week with no new contracts either on a commercial or government to government basis. Trade sources said Reunion Island was calling a tender closing on Nov 4 for 6,000 tonnes
      Reuter  -  146 words
    • Article
      Lock icon DROP IN MALAYSIAN RUBBER OUTPUT
      129 8 Reuter KUALA LUMPUR, Wed. West Malaysian rubber production in August fell slightly to 143,183 tonnes from 146.764 tonnes (revised) in July, but was higher than the 133,989 tonnes produced in August last year. Statistic Department figures show. Exports in August rose to 143,238 tonnes from
      Reuter  -  129 words
    • Article
      Lock icon JUTE AGREEMENT
      87 8 Reuter GENEVA, Wed. A conference of major Jute producers and consumers has agreed on the need for international arrangements to protect Jute export incomes from large fluctuations. an Unctad statement said. It said negotiations will be held at expert group levels to prepare for another pro-ducer-consumer meeting not
      Reuter  -  87 words
    • Article
      Lock icon Palm oil Duty up
      49 8 Reuter KUALA LUMPUR. Wed. The Malaysian Government said the export duty on palm oil rose to M 5178.68 per tonne effective November 1 from $160.65 at Oct. 29 and $170.10 at Oct 1. The surcharge also rose to $33.60 per tonne (28.96 and 18.88) Reuter.
      Reuter  -  49 words
    • Article
      Coffee
      264 8 LONDON, Wed. Robusta futures opened £1 lower to £5 higher on Tuesday's close. March was the only position traded at the opening call in a range of £2,212 to £2,206. After the call, Jan traded at L' 2,185 to bring total volume traded so far to 11 lots. Dealers
      264 words
    • Article
      Sugar
      125 8 LONDON, Wed Terminal opened £0.80 to £2.50 down. Sales at the end of the call were 194 lots. Dealers said the market attracted follow-through selling from Tuesday's easier trend but mixed buying and short-covering resistance, basis March at Cl3O, halted the decline. There was no fresh news and some
      125 words
    • Article
      Rice
      118 8 BANGKOK, Wed. Indicative price for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzain: Unchanged, Parboiled: Unchanged. Maize: Unchnged. In HONGKONG yesterday, prices for rice were also unchanged. Closing prices: Thai White 100 per cent old crop Ist class 108.80 N. 2nd 107 80 sir. 3rd
      118 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      510 8 THE US dollar opened yesterday at the 552.4553 level in the Singapore forex market but in quite heavy trading conditions slipped to 552.4545. Dealers attributed this softening of the unit to uncertainty among market operators as to the outcome of the US Presidential elections. As news trickled in that
      510 words
    • Article
      Asian $ rates
      189 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov. 3 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths US Dollar (Spot) Offer Bid S 1/18 4 15/16 4 7/8 4 3/4 .5 1/4 5 1/8 .5 3/8 5 1/4 5 13/18
      189 words
    • Article
      Discount market
      51 8 RANOE of prices offered by discount houses on Nov 3 Overnight 3V» Cull deposit 2\ to 3S Claaiac Buy Selling 3-Month Treasurer bills 3 l/l 3 3-Month Bank bills 4 l/l« 3 15/I6 3-Month CD 4 1/4 4 1/6 6-Month CD 4 11/16 4 9/16 Source: National Discount
      51 words
    • Article
      Euro $ rates
      238 8 Euro rates LONDON, Wed. Day-to-day Eurodollar deposits opened steady while the Friday dealings technicality made for an easier opening in most periods. Trading, however, was light. Dealers noted a softer undertone In early trading with rates little changed. Funds were reported coming in the middle of quoted ranges. Some uncertainty
      238 words
    • Article
      London
      552 8 LONDON, Wed. The dollar traded lower in early European trading on market uncertainty following Democrat Mr. Jimmy Carter's victory in the US Presidential election, dealers said. They said as Mr. Carter Is an unknown quantity operators are bound to be cautious and mark the dollar down. However, no heavy
      552 words
    • Article
      Hongkong
      169 8 HONGKONG Wed The US dollar continued to lose ground here and was latterly quoted around HK54.8200/ 8210 compared with —4.8290/ 8300 In the morning, dealers said. They added that fears of the Impact of Presidential Democratic Candidate Mr Jimmy Carter's economic policies on the strength of the dollar were
      169 words
    • Article
      Treasury bills offer
      67 8 The Monetary Authority of Singapore (MAS) Invites banks and discount houses to tender for a total of: a) $30 million 91-day Treasury bills from Nov 8 to Nov 12. b) $10 million 182-day Treasury bills from Nov 8. c) $10 million 273-day Treasury bills from Nov 9.
      67 words
    • Article
      Minimum lending rates (in %)
      62 8 Minimum lending rates (in Acec 7 F>rst Ctocage 7 Algemene Bonk 7 Citibank 7 Bangkok Bonk Bank of Amorico nrsac Indotuat 7V4 7 Bonk o» Chmo Moioyon Bonking 7 Bonk o* Tokyo 7 Mittui Bonk 7 Bonk Nogoro OCBC 1 n donatio 7 >J OUB 7 Chortarad Bonk Chow Monl
      62 words
    • Article
      Zurich
      37 8 ZURICH exchanges quoted Nov 2: US 2.4367-4377 UK 3.8710-8745 Can 2.5030-5055 W'Germ 101.26-36 Neth 96.85-93 France 48.85-91 Belg Denm 41.30-34 Norw 46.14-18 Swed 57.72-78 Italy 0.2811-2819 Austria 14.25-27 Port 7.75-77 Spain 3.57-57-'/i Arg 1.25-2.25 Japan 0.82ft-82-%
      37 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges opening quotes on Nov 3: US 2.3967/82 Can 2.4666/88 UK 3.805/820 Neth 95.47/67 Switz 98.55/70 Italy 2.763/783 France 48.05/20 Norw 45.52/57 Belg com 6.495/510 Belg fin 6.42/43 Japan 0.8127/37
      32 words
    • Article
      Australia/NZ
      52 8 AUSTRALIA/ NZ exchanges quoted on Nov 3: Australia. Sterling 0.7737/0.7659 US dollar 1.2286/ 1.2236 Ninety day air mail buying rates: Sterling 0.8131, US dollars 1.2565 Ninety day forward buying rates: Sterling 0.7917, US dollars 1.2125 New Zealand: Sterling 0.5987/0.5951 US dollar 0.9579/0.9479 Ninety day forward rate: Sterling 0.6538, US
      52 words
    • Article
      Eurobond prices
      303 8 LONDON, Wed. Eurobonds were mostly steady in very quiet trading, dealers said. In first time dealings. Pancanadian Petroleum 93/4 per cent debenture issue due 1983 and priced at 1001/2 traded around 99-3/4 100-1/2. Also in first time dealings, Canadian National Railways 8-3/8 per cent due 1986 and priced
      303 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      208 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 jours. From humble beginnings in 1957, the Chinese Export Commodities Fair (popularly known as the Canton Export Commodities Fair) has grown to
      208 words
Page thumbnail Page 9
  • TRANSPORT AND COMMUNICATIONS
    • Article
      SALESMEN OR POLICEMEN?
      864 9 THE Federal Aviation Authority has, among other thing*, to promote the United States aircraft industry as well as ensure its products are safe. Since the 1974 DC-10 crash nothing has been done to resolve this conflict of interest. AT LUNCHTIME on March 3. 1974. a woman's disembodied
      864 words
    • Article, Illustration
      IN PORT
      382 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Black Whale (2300 6/7 Golden Hill (0600 after Ktnzan Maru) 38/39 Johannes Maersk (0600) (Draft 9.1 m) 33/34 Lumut (0600) 21 East Martha Bakke (1600 after Alexandra Vermishev Loon Mau) 10/11 Ocean Enterprise (1500 after Bow Flower) (Draft 9.3 m) 15/16 Tapah 1400
      382 words
    • Article
      S'pore re-exports to West Asia
      194 9 SINGAPORE was recently used as a springboard for food exports to West Asia. The Allied Farmers' Co-operative of New Zealand shipped 50 tonnes of frozen meat, cheese and butter from Singapore to Muscat, in the Sultanate of Oman. Arrangements were made between the New Zealand
      194 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      544 9 ARRIVALS Service Local Operator Number Time From OA OA472 0035 SYD SAS SK988 0700 HLP SIA SQ211 1000 HLP CPA CX710 0930 HLP GIA GA980 1030 HLP GIA GA908 1100 MES PAL PR501 1115 MNL SIA SQ201 1045 HLP SIA SQ240 1040 MES GIA GA895 1405 AMS/FRA/
      544 words
    • Article, Illustration
      Smit boss due here today
      214 9 MR. P.E.E. KLEYN van Willigen, (above) senior managing director of Smit International (Rotterdam) and director of the Smit International Group of Companies will arrive in Singapore today for a five-day tour of hit companies' interests here. He will visit the offices of the newly established
      214 words
    • Article, Illustration
      Lock icon Likely big rise in trans-Siberia container traffic
      621 9  -  By JOHN WICKS Financial Times A SUBSTANTIAL rise Is expected this year In rail-sea container traffic routed via the trans-Siberian landbridge. The service, which started in 1967 and developed rapidly in the past three years, carried the equivalent of 75.000 20-foot containers in
      Financial Times  -  621 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      15 9 Ifl/IGHT HOLIDAY/" The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2.
      15 words
    • Advertisement
      Page 9 Advertisements Column 2
      108 9 A wealth of answers to scientific phenomena LIFE SCIENCE M A IJltltAliY t j^Si A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular
      108 words
Page thumbnail Page 10
  • Article, Illustration
    Lock icon THE LONDON METAL EXCHANGE...
    1211 10  -  IMPROVED TRADING ACTIVITY ON THE LONDON METAL EXCHANGE HAS BEEN CLOUDED BY THE REVERSAL IN THE WORLD ECONOMIC RECOVERY. PRESSURE TO RESTRAIN SPECULATION HAS ALSO INCREASED, AND THE EXCHANGE IS FACING A CENTENNIAL YEAR WHICH COULD BRING SIGNIFICANT CHANGES THE LONDON Metal Exchange approaches its Centennial
    Financial Times  -  1,211 words
  • Article
    S.P. TEXTILES
    59 10 IN YESTERDAY'S Business Times, the relevant third paragraph of South Pacific Textiles' letter should have read: "We have Included our plans for utilising the proceeds from the issue in our application to the Malaysian Capital Issue Committee, and we could not disclose details of our application until the
    59 words
  • Article, Illustration
    Lock icon Need for less govt control in the business world
    1027 10  -  By THOMAS MULLANEY NYT IT IS not common to hear leading corporate executives complain about the lack of understanding in Washington and elsewhere about the issues and problems that beset the business world. But is is unusual to listen to one
    NYT  -  1,027 words
  • Article
    Lock icon A feeling of uncertainty in Mexican politics
    853 10  -  By ALAN RIDING NYT THE latest sharp devaluation of Mexico's long-stable currency has brought new uncertainties to a country that Is already suffering a serious crisis of confidence Just one month before the Inauguration of a new administration. On one hand, acute political
    NYT  -  853 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      275 10 We Help Ytau 1o Mind Your Own Business trade industry' mmu mmmn J— mmmn trader industry -m tr r i ijf< The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and figures with opinion-forming discussion
      275 words
Page thumbnail Page 11
  • Article
    Lock icon Sterling's fall will add 3.5 pc to prices
    202 11 Reuter LONDON, Wed. UK Minister of State at the Treasury Denzll Davles said the nine per cent fall in the exchange rate of sterling since August will add Just over 3-ft per cent to retail prices within 12 months If the rate
    Reuter  -  202 words
  • Article
    Lock icon ISRAELI SUBSIDY CUTS ANGER UNIONS
    225 11 AP JERUSALEM, Wed. The Israeli Government announced price rises of 20 per cent in basic commodities, fuel and public transport yesterday. The decision caused outrage in the Histadrut national labour union and set the stage for a new crisis in Government-labour relations. Outlays for subsidies
    AP  -  225 words
  • Article
    Lock icon Abu Dhabi earmarks $11 bil for foreign aid
    139 11 AP ABU DHABI, Wed Abu Dhabi has allocated nearly a quarter of its US$4.6 billion (SSI 1.27 billion) budget for 1976 for foreign aid, the Government announced here yesterday. Included in the figure $1.13 billion is an unspecified amount of financial assistance
    AP  -  139 words
  • Article
    Lock icon B'desh taka revalued
    51 11 AP DACCA, Wed. Bangladesh revalued Its taka by 4.67 per cent effective today due to the plunging value of sterling, the Bangladesh Central Bank announced yesterday. The revaluation, second in four months, makes the sterling now equivalent to 25.45 takas. Formerly it was 26.70 takas to £1.
    AP  -  51 words
  • Article
    Lock icon Norway aid
    33 11 UPI ISLAMABAD, Wed. Norway has agreed to provide Pakistan w *th a grant of U5539.08 million (5595.74 million) in the next four years for the country's development projects, officials reported yesterday.
    UPI  -  33 words
  • Article
    Lock icon World exports to rise 10pc: Gatt
    565 11 THREE REASONS TO BACK FORECAST AP GENEVA. Wed. World exports are likely to rise 10 per cent In volume over 1975 thus exceeding the 1974 peak by about four per cent, the General Agreement on Tariffs and Trade (Gatt) predicts In Its annual report
    AP  -  565 words
  • Article
    Manufacturing set to regain its pride of place
    567 11 KUALA LUMPUR, Wed. The manufacturing sector is set to regain its position as the leading growth sector in the economy. The Treasury Economic Report estimates that in 1976 manufacturing output will grow by 20 per cent as against one per cent In
    567 words
  • Article
    Lock icon 'Korean suppliers charged US more'
    383 11 AP WASHINGTON, Wed. US Army investigators say South Korean contractors charged the United States up to 50 per cent extra in "collusive" bidding sanctioned at least tacitly by South Korean government officials. "There is little doubt that extra profits result from the 'collusive' bidding system,"
    AP  -  383 words
  • Article
    Lock icon Canada pushes out into the Atlantic, Pacific
    329 11 AP OTTAWA, Wed. Canada has staked out huge sections of the Atlantic and Pacific Oceans under a new 320-km fisheries limit. A Cabinet order released yesterday gives 60 days notice of the establishment of 320-km limits off the east and west coasts beginning
    AP  -  329 words
  • Article
    Lock icon PNL PLANS CARRIER LEASE NEXT YEAR
    120 11 Reuter MANILA, Wed. The government-owned Philippine National Line* (PNL) plans to lease bulk carriers from foreign firms starting next year to service the country's grain and sugar trade, its officials said today. They said PNL wanted an initial fleet of 25,Q00-tonners that would concentrate.
    Reuter  -  120 words
  • Article, Illustration
    KIT SIANG REPLIES TO DARE BY ALBAR
    305 11 KUALA LUMPUR, Wed. The DAP Secretary-Gene-ral Mr. Llm Kit Slang (above) said today he stood by what he stated In Parliament yesterday "which Is to call for an Investigation into the Great Malaysian Line Sdn. Bhd. which runs pilgrim ships to Mecca." Mr.
    305 words
  • Article
    Lock icon What North Sea oil means to Norway
    113 11 Reuter OSLO, Wed. Oil from the Norwegian sector of the North Sea would account for 20 per cent of state revenues In 1980, Norway's Industry Minister BJartmar Ojerde said vesterday. He also told a trade union meeting that oil had been found in
    Reuter  -  113 words
  • Article
    Lock icon Australian deficit
    38 11 Reuter CANBERRA. Wed. Australia's balance of payments showed an overall deficit of A 5265 million (*****.3 million) during the September quarter, despite record exports of <2,350 million the Bureau of Statistics announced in Canberra today Reuter.
    Reuter  -  38 words
  • Article
    Lock icon Vietnam still troubled by N-S living gap problem
    438 11 AP PARIS, Wed. Vietnam Is still encountering "very serious problems" In overcoming the disparity of living standards between the former northern and southern zones of the reunified country, French Foreign Minister Louis de Gulrangaud said yesterday. Answering questions at a luncheon of
    AP  -  438 words
  • Article
    Lock icon Judge says 'no' to lifting of tuna fish ban
    187 11 AP SAN DIEGO, Wed. A Federal Judge yesterday refused to lift a temporary restraining order preventing US fishermen from taking yellowfln tuna for the rest of 1976. Imposition of the ban was delayed three more days by US district court judge
    AP  -  187 words
  • Article
    Lock icon Mrs. B to begin tour
    53 11 Reuter COLOMBO, Wed. Prime Minister Mrs. Slrlmavo Bandaranaike will begin 14 days of official visits to Malaysia, the Philippines and Japan on Friday, informed sources said yesterday. -She will arrive in Malaysia on Friday. In the Philippines on Nov 8 and in Japan on Nov
    Reuter  -  53 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      433 11 @>PUB CORPORATE SBRVICEB DEPARTMENT (IST PLOOR, CITY HALL. SINGAPORE (I)Sale of Maclaren Dleael Engine Spans (43 Items) lying at Dunearn Mechanical Workshop. Tender deposite $100/-. Close at 2.15 pm on 18.11.76. (2) Supply it Delivery of 7,000 Reams of Woodfree Duplicating Paper to Public Utilities Board during 1977. Tender deposit
      433 words
    • Advertisement
      Page 11 Advertisements Column 2
      616 11 APPOINTMENTS Ascitico VSINC SINGAPORE AEROSMCE MAINTENANCE GO PTE LTD SAMCO. a local i maintananca company providing aircraft is activating its operations to maat its ENGINEERING SALES MANAGER This is an excellent career opportunity for an outstanding executive with the requisite qualifications and experience to head the Company's newly-created Engineering Sales
      616 words
Page thumbnail Page 12
  • Article
    BA Concorde will fly on Far Eastern routes
    572 12 BRITISH Airways will be deploying its Concorde supersonic aircraft on the Far Eastern routes, while bv agreement, Air France will concentrate on South American destinations. This was revealed by Mr. R. Chevalier, executive vice president of Aerpspatiale, In reply to a question
    572 words
  • Article
    Lock icon Question mark over talks as Smith packs up
    357 12 UPI GENEVA, Wed. Prime Minister lan Smith packed his bags for home today leaving the Geneva conference on Rhodesia an apparently moribund failure. As guerilla violence flared at home, members of Mr. Smith's delegation made no secret of their disgust about the
    UPI  -  357 words
  • Article
    $2.2 b estimated from taxes
    268 12 KUALA LUMPUR. Wed Direct taxes, including income tax and petroleum royalty, are expected to account for more than a third of the government's reve nue estimated at M 56.355 million next year. Total revenue from this source is estimated at $2,288 million, of which personal
    268 words
  • Article
    Lock icon Govt broker sells long tap stocks
    155 12 Reuter LONDON. Wed. The UK Government broker supfjlled some of the present ong tap stock, Treasury l5Vt per cent 1998, to the market at 96% this morning. Prices are now 96% 97* for the issue, and operators expect more stock to be supplied if
    Reuter  -  155 words
  • Article
    Lock icon Beeline from Bahrain to S'pore
    138 12 Reuter PARIS, Wed. The Concorde Supersonic Airliner today proved it can rench Singapore without flying over India which has denied overflights rights on a planned route to Australia, the plane's French builders said. Proof of the airliner's ability to cover the Bahrain to Singapore stretch
    Reuter  -  138 words
  • Article
    Lock icon Australia recovery under way — bank
    169 12 Australia recovery under way bank Reuter MELBOURNE, Wed The Australia and New Zealand Banking Group said there are signs an economic recovery is under way in Australia. Its quarterly economic survey said slow gains are being recorded in consumer spending, some aspects of company investment, over-time worked, house building, Import
    Reuter  -  169 words
  • Article
    Lock icon GERMANY URGED TO SHARE TROOPS BURDEN
    186 12 UPI BONN, Wed. British Defence Minister Mr. Frederik Mulley appealed yesterday to Bonn to share Britain's burden in maintaining its 55,000 troops in West Germany. Mr. Mulley said British Prime Minister Mr. James Callagha'n's television remarks on Oct 25 implying that Britain's economic problems
    UPI  -  186 words
  • Article
    Chartered Bank sues Setron
    104 12 THE Chartered Bank has taken out a suit in the High Court against Setron Electronics. The company, which is a subsidiary of the publicly quoted Setron Ltd, is being sued for $102,624.50. The bank alleges In its petition that the amount is due from the delivery
    104 words
  • Article
    Lock icon 'Bonn must bail out its trade partners'
    653 12 TO ENSURE ITS EXPORT GROWTH Reuter FRANKFURT, Wed Germany will have to participate In international credits to its major trading partners or else face a decline in next year's export growth. German bankers here believe. The outlook for next year's exports, the key
    Reuter  -  653 words
  • Article
    Shell Malaysia to reshuffle its key personnel
    492 12 KUALA LUMPUR, Wed. Shell Malaysia will make several changes involving its key personnel in anticipation of Petronas taking a controlling interest in its downstream activities. The chairman and chief executive bf the Shell group of companies in Malaysia, Dr. Richard Hu, will go
    492 words
  • Article
    ITB aid for small industries too
    510 12 THE financial aid offered under the Small Industries Financing Scheme is not the only aid that is being provided to that sector. The Industrial Training Board had previously and will continue to cater to the training needs of small Industries. Mr. Lim Jit Poh,
    510 words
  • Article
    Lock icon Thai liberation front in the making?
    309 12 UPI BANGKOK, Wed Antigovernment citizens of Thailand Intend to set up a front organisation with communist backing, the clandestine communist radio station indicated today. Seven former student leaders said In a broadcast monitored In Bangkok they expected the "united front" to lead to the
    UPI  -  309 words
  • Article
    PETRONAS MASTER PLAN READY BY END-'77
    143 12 KUALA LUMPUR, Wed The Petronas master plan on the oil and gas industry in Malaysia is expected to be completed at the end of 1977, Prime Minister Datuk Hussein Onn told the Dewan Rakyat today. Replying to Mr Edwin Anak Tangkun (NF-Ba-tang Lupar) he
    143 words
  • Article
    Lock icon Soviets make first arms sale in Latin America
    191 12 UPI LIMA, Wed. Peru announced yesterday It would buy 36 supersonic fighterbombers from the Soviet Union in the first Soviet arms sale in Latin America outside of Cuba. Moscow's better payment terms were given as the reason. Foreign Minister Jose de la
    UPI  -  191 words
  • Article
    Lock icon Refinery survey
    71 12 Reuter OTTAWA, Wed. Energy Minister Alistair Gillespie said during a parliamentary question period that PetroCanada completed a survey analysis and study related to the refinery at Come By Chance, Newfoundland, owned by Shaheen Natural Resources of New York. But Gillespie said he could not say more at this
    Reuter  -  71 words
  • Article
    Lock icon Italian team in Peking
    32 12 UPI HONGKONG, Wed. An Italian delegation arrived in Peking yesterday to attend the session of the SlnoItalian amalgamated committee. the New China News Agency (NCNA) reported today. UPI.
    UPI  -  32 words
  • Article
    Deutz to help set up Jakarta cement plant
    239 12 THE industrial plant division of Deutz Far East, a Singapore-based Germancompany, will be involved in project co-ordination in the construction of the largest cement plant in the Asean region. Representing an investment of about US$lOO million, the plant, with a caoacitv of
    239 words
  • Article
    Lock icon Abu Dhabi oil rise
    35 12 AP ABU DHABI, Wed. Abu Dhabi oil exports for August this year were 8.3 per cent higher than for the same month in 1975, the Oil Ministry magazine reported yesterday AP
    AP  -  35 words
  • Article
    Lock icon Billion-dollar pledge is still not enough
    266 12 AP UNITED NATIONS, Wed. A pledging conference for the UN Development Programme (UNDP) the world organisation's major agency for international development produced a record sum of financial pledges from world governments yesterday, but fell short of projected needs. A spokesman said that 102 governments
    AP  -  266 words
  • Article
    Lock icon Pretoria's deficit halved report
    245 12 Reuter PRETORIA, Wed. Provi- siona! estimates indicate South Africa's deficit on current account of 487 million rand in second quarter 1976 was more than halved in the third quarter. Reserve Bank governor Theunis de Jongh said. Mr. de Jongh told the annual meeting of the National
    Reuter  -  245 words
  • Article
    Lock icon MANILA COPPER SALES
    75 12 Reuter MANILA. Wed. Atlas Consolidated Mining and Development Corp executive vice-president Mr. Charles Clark said that Philippine copper ore shipments to Japan should regain their previous volume. A pickup in US industrial output should also aid the copper market, while growth in Japanese manufacturing output indicated a
    Reuter  -  75 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      244 12 The Corporate Dollar Capital idle Working Capital Overheads Taxes Reinvestment Cash 'V "Iv EWIEN M Vf '\W r-m^r Put your idle cash to work with American Express International Banking Corporation Whether you do business in one currency or a dozen, at a single location or around the world: We can
      244 words