The Business Times, 9 November 1976

Microfilm: NL8962
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) 1455/76 TUESDAY, NOVEMBER 9, 1976 SO CENTS
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  • NEWS SUMMARY
    • Article
      Lock icon $700m Jakarta surplus
      76 1 AP JAKARTA, Mon. Indonesia recorded a surplus of US$2B9 million (Ss7oB million) in its balance of payments for the first half of the current fiscal year, Finance Minister All Wardhana said. Mr. Wardhana told Parliament over the weekend that in the April-September period last year, Indonesia suffered
      AP  -  76 words
    • Article
      Lock icon Quake hits Mindanao
      60 1 Reuter UPI MANILA, Mon. A strong earthquake hit eastern Mindanao in the Philippines early today raising fears of destructive tidal waves similar to the ones which killed thousands earlier this year, the Geophysical Observatory said here. There were also reports that a strong earthquake rocked south-west China
      Reuter; UPI  -  60 words
    • Article
      Lock icon Concession by blacks
      88 1 UPI GENEVA, Mon. Black Rhodesian nationalists today made a small but significant concession in their demand for majority rule within 12 months, saying they would accept "slippage" of one or two months if delays occurred. "If the British agreed to a target date of 12 months, but
      UPI  -  88 words
    • Article
      Lock icon Door is open again
      75 1 Reuter NAIROBI, Mon. The way was cleared here today for Israel to join Unesco's European group, from which it was barred in 1974 after objections by the Soviet Union and Arab states. Israel's entry was made possible by a plenary session of the current Unesco general
      Reuter  -  75 words
    • Article
      FT index plunges
      38 1 LONDON, Mon. A weekend press report that next year's British public borrowing requirement will be higher than expected hit the stock market, and at 3 p.m., the Financial Times index plunged 14.5 points to 294.2.
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    • Article
      Mitsubishi move
      59 1 TOKYO, Mon. Mitsubishi Motors said today Its subsidiary in Australia would increase dependence on locally-produced car parts until a predominant 85 per cent ratio is attained by 1980. Mr. Tomio Kudo, president of the company affiliated with Chrysler of the United States, told newsmen the decision is in
      59 words
    • Article
      Lock icon Dow Jones
      46 1 UPI NEW YORK, Mon. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 Indus 935.75, down 7 32* 20 transp 212.70, down 1.53; 15 utils 97.84, down 0 16" 65 stocks 298.82, down 1.99. UPI
      UPI  -  46 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      196 1 THE price erosion at the Stock Exchange of Singapore continued yesterday and the Business Times index fell 4.55 points to 249.86. However, a few bright spots helped keep the Straits Times Industrial index steady at 249.86 compared with last Friday's 249.80. This was due to a 10-cent
      196 words
    • Article
      In Kuala Lumpur
      91 1 FoM Most ocfivs Sim Llm SO.54 -.18 Haw Par O.C.B.C. $8.10 -.10 108,000 P. Bank $2.14 -.07 Central Sugars 88.000 Inchcape DBS $2.26 $3.82 -.06 -.06 Inchcape U.O. Land 57,000 35,000 M. Flour M. Banking $2.02 $6.40 -.05 -.05 Indies* Rises B.T. Index: Nov 5 101.05 Nov
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  • Article
    Call for revamp of air fare structure
    950 1  -  BASED ON SINGLE STABLE CURRENCY By QUEK PECK LIM MR. Knut Hammarskjold, director general of the International Air Transport Association, yesterday called for a radical change in the system of setting world air fares, and suggested that they be based on a single,
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  • Article
    M. Credit is at a loss with so much cash
    766 1 HAVING a lot of money is not always a good thing; as Malayan Credit, currently" labouring under a contingent tax liability,' considerable bonk balances, and unused bank lines, will be able to testify. It all began with the $60 million
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  • Article
    Lock icon Seats for workers on the board?
    203 1 Reuter LONDON, Mon. Workers In Britain's main private companies should be given seats on the board, according to an influential report on Industrial democracy to be presented to the Cabinet next month. Informed sources said today that all 10 members of the government appointed
    Reuter  -  203 words
  • Article
    GOLD GAINS $12 IN LONDON
    196 1 LONDON, Mon. Gold gained nearly USSS "2 25) on the London bu "n market today to rea. ,*42 an ounce by midday. Dealers said solid buying In Hongkong and Singapore was carried over Into European trading. Gold's price today was the highest since March 26.
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  • Article
    Advances, loans up 5 pc from January
    275 1 LOANS and advances Including bills financing by banks in Singapore moved up by five per cent in September over January this year, according to data just released by the Statistics Department. September level reached $8,228.5 million against January's $7,814.4 million. Deposits of non-bank
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  • Article
    Lock icon A slight rally for $ in Hongkong
    120 1 A slight rally for in Hongkong Reuter HONGKONG, Mon. The US dollar made a slight recovery in late afternoon trading to be quoted at HK84.8020/ 8040 above the 19 month low at midday of 84.8000/ 8020, dealers said. This morning the US dollar lost ground as finance houses sold the
    Reuter  -  120 words
  • Article, Illustration
    ROBINSON'S CHAIRMAN MR TAN TO RETIRE
    255 1 MR Tan Chin Tuan (above) is retiring as chairman of Robinson'a at the annual general meeting on Thursiajr. His retirement comes after 26 years on the board the last 19 as chairman. The board does not intend to fill the vacancy at this time,
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  • Article
    Lock icon Heavy trading of Wheelock shares
    344 1 Reuter HONGKONG, Mon. Wheelock M&rden shares Were requoted at the Hongkong Stock Exchange this morning after a twoweek suspension, and they met with heavy trading. After opening at HK*2.BO/$3.10 (5f1.37/ $1.52), the share closed at $2.85 compared with the presuspenslon price of $2.55 and over
    Reuter  -  344 words
  • Article
    Green light for FEH probe
    260 1 THE Stock Exchange of Singapore has directed the directors of Far Eastern Hotels Development to proceed with the independent investigation of the company's affairs. The SES reiterated in a letter to the company yesterday that it is not in a position to comment on the
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      50 1 For tnc:>° v"h :> want to pi iy r:iv.;. cc3t Sole Agents U)itv*touk (Pte)Ltd TV A Radio Overseas News/ Features Local Co News Foreign Co News Local Stocks P2 Overseas Stocks P7 Commodities P8 p 3 Transport 4k Communications PJ w Features PlO P5 News Pll P6 Local 4 Overseas
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      Page 1 Advertisements Column 2
      123 1 Why should you have to wait to deposit your money in the bank? m w i m s m ►:i m m m You want to put your money in the bank. And it burns you up to have to stand in line for the privilege of doing it. Chase
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      3 1 SEE BACK PAGE.
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    • Advertisement
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      103 1 U-Bix COMPLETE COPYNG SYSTEM APS ELECTRONICS (PRIVATE) LIMITED S«|Woa T». MOOSLmM APS ELECTRONICS (M) SDN BHD KUALA LUMPU* Tw JO*72<»l«o See Page 10 \u. n a EXPORT. GOOD FOR YOUR BUSINESS, GOOD FOR SINGAPORE. The Chartered Bank takes the complications out of export and puts the service in. More than
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  • OVERSEAS
    • Article
      Lock icon Healers look into Britain's ills
      726 2 Reuter LONDON, Mon. By their mere presence in London, five silent men are hoping to revive Britain's battered pound sterling. The five have been variously described In the British press as gnomes, hatchetmen, receivers and bailiffs. They themselves would certainly prefer to be regarded as
      Reuter  -  726 words
    • Article
      TAIWAN MUST BEAT CHINA TO IT
      231 2 TAIPEH. Mon. The English Language China New* today urged the Taiwan Government to send immediately representative* to Washington to present its views on the normalisation of Washington-Peking relations before Peking seizes the initiative. In an editorial titled 'No time for complacency,' the newspaper said
      231 words
    • Article
      Lock icon US business upswing in third quarter
      553 2 NYT NEW YORK, Mon. American business continued to show solid earnings progress In this .year's third quarter. Corporate profits climbed 14 per cent from the year-earlier levels, exceeding the expectations of many financial experts In view of the economic slowdown since mid-year. Although the
      NYT  -  553 words
    • Article
      Lock icon Pretoria raises $270m loan
      259 2 Reuter PRETORIA, Mon. South Africa has negotiated a US$llO million (*****.5 million) overseas loan through a syndicate of international banks, the Ministry of Finance said. It said In a statement the country will In the normal course of things be negotiating further overseas loans and Finance
      Reuter  -  259 words
    • Article
      Lock icon FILIPINO GROUP BUYS AHMANSON BANK
      173 2 UPI BEVERLY HILLS. (CALIFORNIA), Mon. The Ahmanson Bank Trust Co. has been purchased by a group of Philippine Investors who renamed the commercial banking unit the California Overseas Bank. Terms of sale, which was announced today, were not publicised. The private group Is headed by
      UPI  -  173 words
    • Article
      Lock icon Beirut rivals back Sarkis plea
      211 2 AP BEIRUT, Mon. Muslim and Christian militia leaders gave cautious supSort today to President Ellas arkls' plea for an Arab security force to occupy the country. The endorsements were accompanied by a deescalation of random shelling and a decrease in fighting along the line that
      AP  -  211 words
    • Article, Illustration
      Lock icon Barre to tie up arms deal in Cairo
      599 2 Reuter PARIS, Mon. The new French Prime Minister, Raymond Barre (above), flies to Cairo on Friday In an attempt to clinch a wide range of deals with President Anwar Sadat, Including a potentially lucrative plan to help Egypt develop Its own arms
      Reuter  -  599 words
    • Article, Illustration
      Lock icon Reds promise to give Dassault the 'real shivers'
      1089 2 UPI PARIS, Mon. French Mirage-Jet manufacturer Marcel Dassault, whose fiassion (or secrecy is as egendary as his engineering and business genius, finds himself at the age of 84 at the centre of a polltlcal-fl-nanclal scandal. The scandal began last July when his
      UPI  -  1,089 words
    • Article
      Lock icon DOWN TO A FRACTION ...
      161 2 DOWN TO A FRACTION Reuter PARIS, Mon. French M--1 money supply rose 0.3 pacent HtMnally adjusted in August following a 1.6 per cent rise in July, figures from the National Credit Council show. This is the smallest rise in M-l in any month so far this year. In June the
      Reuter  -  161 words
    • Article
      Lock icon Australia to tighten bank liquidity
      524 3 SYDNEY, Mob Reuter THE Reserve Bank said it will reduce the free liquidity of Australian trading (clearing) banks by lifting their Statutory Reserve Deposit (SRD) ratio to six per cent from five per cent, effective Nov 16. SRO's are a percentage of the deposits of
      Reuter  -  524 words
    • Article
      Lock icon Monetary package a signal not to devalue Aussie $
      239 3 Monetary package a signal not to devalue Aussie Reuter SYDNEY. Mon. Private economists here see the Australian Government's monetary package as a strong signal of the government's determination not to devalue the dollar under current economic conditions. They told Reuters the package, including tighter bank liquidity and higher short-term interest
      Reuter  -  239 words
    • Article
      Lock icon Keidanren to urge govt to stimulate economy
      197 3 TOKYO, Monday Reuter THE Federation of Economic Organisations (Keidanren) and the Kansai Economic Federation (Kankeiren) will shortly ask the government to take measures to stimulate domestic economy, Keidanren said. At a joint meeting the two economic organisations agreed economic recovery is now at
      Reuter  -  197 words
    • Article
      Lock icon $7 oil levy plan off
      32 3 Reuter WELLINGTON, Mon. The New Zealand Government is dropping a plan for a NZ$3 (Ss7)a barrel levy on locally produced oil, Prime Minister Robert Muldoon said. Reuter.
      Reuter  -  32 words
    • Article
      Lock icon JAPANESE OVERSEAS BUSINESS INCREASE IN VALUE
      195 3 Reuter TOKYO, Mon. Japan's direct overseas investments during fiscal 1975 ended March 31, 1976, rose to US$3.2B billion from U552.39 billion in fiscal 1974, with an outstanding balance of investments of U5515.94 billion at the end of fiscal '1975, the semi-offi-cial External Trade Organisation
      Reuter  -  195 words
    • Article
      Lock icon Number of bankrupt firms up
      111 3 Reuter TOKYO, Mon. Japanese bankruptcies rose to 1,489 cases in October from 1,357 in September and 1,278 In October last year, due to a slowdown In economic recovery, the Tokyo Commerce and Industry Research Co., Ltd., said. The total of debts Involved also increased to
      Reuter  -  111 words
    • Article
      Lock icon Spending up
      47 3 Reuter CANBERRA, Mon. New capital expenditure by Australian business rose to A 11.41 billion, seasonally adjusted, in the second quarter of this year from A 51.28 billion in the first quarter and A 51.23 billion in the first quarter of 1975, the Statistics Bureau said.
      Reuter  -  47 words
    • Article, Illustration
      Lock icon What critics think about Simon, the Treasury Secretary
      2055 3  -  tKOM PHILIP SHABECOFF NYT THE vibrations in the office of Secretary of the Treasury William Simon were decidedly elegiac. The silence of the nearly deserted Treasury building was deepened by the thick carpet on the floor. Sunshine streamed In through windows looking
      NYT  -  2,055 words
    • Article
      Lock icon Money supply rise dims hopes of more credit easing
      267 3 Reuter NEW YORK, Mon. The big gain of the money supply's growth rate during the .most recent bank reporting week dimmed hopes of a further easing of credit policy by the Federal Reserve System, analysts said. There was speculation in Wall
      Reuter  -  267 words
    • Article
      Lock icon 'Continued reliance on internal funds'
      213 3 Reuter NEW YORK, Mon. US corporations are expected to continue relying heavily on internally-generated funds to meet financial needs over the next 12 months, the Conference Board said. The privately-funded Economic Research Organisation said the pattern of the last 12 months, with 20 per cent
      Reuter  -  213 words
    • Article
      Lock icon Rate of increase in US output better
      123 3 NYT NEW YORK. Mon. The rate of increase In US production improved in October for the first time since April, the National Association of Purchasing Management said. According to its monthly survey. 28 per cent of the agents responding said production was better
      NYT  -  123 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      87 2 A wealth of answers to scientific phenomena LIFE SCIENCE IJBUAKY jd 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 theory mathematics the
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      25 2 RriStow.FmijcL THFNT'S uwPfr "Viueexs OH Pep^ ±coS Jf4 S>o*JTh Of FgPIOE. DOCS) ]%j£, SJM HP* S B&&.N vyou. rve NeyGJ? F<LLT to SK\N v<r [p
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      230 2 RADIO TV SINGAPORE 5 3.00 Opening Announcements followed by Spectrum (English) (r) 3.30 Diary of Events (English) 3.35 Magazine Zero One (r) 3.50 General Hospital 4.30 Intermission 6.05 Opening Announcements followed by the Swiss Family Robinson Animal Kingdom 630 News in Brief 6.3sChapi Chapo 7.00 News Magazine (Malay) 7JO News
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      175 3 QUALIFY*, promotion through MSB SOCIALISED TRAINING HI MANAGEMENT SUBECTS Learn at home to improve your position and to earn what you are really worth. ICS home-study courses have helped kAA« thousands of ambitious men to achieve promotion and better pay. Moderate fees all books supplied. Take the first step NOW
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      306 3 All these securities having been sold, this announcement appears as a matter of record only. October 1976 New issue in the Asian Dollar Bond Market U5530,000,000 European Investment Bank (Established under the Treaty of Rome) 8} per cent. Bonds 1983 Morgan Grenffell (Asia) Limited Indosuez Asia Limited DBS-Daiwa Securities Trident
      306 words
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  • COMPANY NEWS
    • Article
      Gloom persists but SBS is optimistic
      606 4 AFTER succeeding in remaining on top of the depressed property market in the past two years, Slngapura Building Society is optimistic that it will be able to achieve a satisfactory performance in the current year ending June 30, 1977. The company bases its optimism
      606 words
    • COMPANY MEETINGS
    • Article
      Guinness expects to make good progress
      930 4 ALTHOUGH rising costs may cut into profit margins again. Guinness Malaysia is confident that it is in a good position to make further progress in the future. The chairman, Mr. C.A. Wood counts two factors in the company's favour. First, he is confident that
      930 words
    • Article
      Metro sets up subsidiary
      101 4 METRO Holdings has set up building materials trading subsidiary M and B Trading. P and O Asia has agreed to take a 40 per cent stake in the issued capital of M and B. while the remaining 60 per cent will be held by a Metro
      101 words
    • Article
      PEOPLE IN BUSINESS
      133 4 THE lAC group, distributors of Carrier air conditioning equipment and systems, has appointed Mr. Raul R. Suarez-Carreno general manager of Mecalr, Singapore, contracting division of the lAC group. Before his appointment, he was resident engineer in charge of Bechtel Overseas Corporation's Manila Hotel project. Mr. Suarez-Carreno has
      133 words
    • Article
      Sungei Bahru
      74 4 SUNGEI Bahru Rubber Estates has achieved a turnround In the year ended June 30, 1976, with pre-tax profit of €48,345 compared with a loss of 1246 last time. Turnover rose from £330,622 to €463,484. Pre-tax profit Is after replanting and replacement expenditure of €25,254 (€25,730), but includes investment
      74 words
    • Article
      G. Eastern Life Assur
      92 4 NEW business written at Great Eastern Life Assurance was $231.2 million for the first six months ended June 30, 1978. This compares with $203 million last time. Replying to a Stock Exchange of Singapore letter dated Oct 4, 1976, Great Eastern says that It does not
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    • Article
      Gopeng Con 40 pc up
      77 4 FOR the year ended Sept 30, 1976, Gopeng Consolidated Estate Group has estimated a pre-tax profit of £2.52 million, up 40 per cent on last time's £1.8 million. Transitional relief was £50,000 against £51,000 previously. Profit from tin mines was up 37.2 per cent to
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    • Article, Illustration
      DISPOSAL OF REVENUE FOR YEAR ENDED AUG 31,1976
      8 4
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    • Article
      Barlow lowers sale price of Selugra
      527 4 BARLOW Boustead Estates Agency has lowered the selling price of Its subsidiary, Selugra Palm Oil Factory. Now the complicated tidying-up plans for Selangor Coconuts can go ahead. Selugra's purchaser, Kuala Sidim Rubber is now to issue 833,337 of its shares to Barlow Boustead for
      527 words
    • Article
      DIVIDENDS ANNOUNCED
      301 4 Current Ex Date Total for Total for payment Date payable the year previous year K.L. Kepong P.M.C. 5% 10%+ Oct. 12 Oct. 15 Nov. 10 Nov. 10 5%+ 10%+ 10% 17.5% Robinson 10% Oct. 25 Nov. 11 14% 11% 12.5% 15% 69% A. Hitam Rubber 15% Oct. 26
      301 words
    • Article
      Assets the basis for shareholdings?
      462 4 G. HOPE L. ASIATIC PATALING MERGER IT seems likely that the eventual shareholdings of the new plantation group, via the merger of Golden Hope, London Asiatic and Pataling, will be based on assets rather than earnings, according to the Financial Times. If that proves the
      462 words
    • Article
      Pahang Con. loans to Faber Merlin
      133 4 PAHANG Consolidated shareholders have approved loans and advances totalling M 513.5 million to its associate Faber Merlin Malaysia and its subsidiaries. An extraordinary general meeting on Nov 6 also approved security for the loans consisting of a first fixed charge on four lots of
      133 words
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      306 4 *r-['<• r- F i ~«v, r-S-V fl fej 5 f v f w M The three bosk needs and the three ports of Britannica 3 1. To get at the facts often a single fact easily and quickly, without having to raad a long article in -which that fact is
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Domestic airlines' outlook optimistic
      457 5 Reuter CHICAGO, Mon. Airline analysts are taking an optimistic view of the Industry's prospects for the next few years, but looking farther out, some see problems for the carriers In the 1980's. Mr. Michael Armelllno of Goldman Sachs predicts a US$3OO million profit for the domestic
      Reuter  -  457 words
    • Briefly
      • Article
        P Morris
        88 5 NEW YORK, Mon Philip Morris expects 1976 sales to be about 18 to 20 per cent above the U53.64 billion reported in 1975, its chairman, Mr. J.F. Cullman said following an analysts meeting. At the meeting, the vice president finance Mr. F.P. Pollack estimated 1976 capital spending at
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      • Article
        Chile
        91 5 LONDON, Mon. A Chilean government agency, Empresa de Comercio Agrlcola, has arranged a US$25 million Eurocurrency loan, Libra Bank said, as leader of the banking group arranging the loan. The facility will be used to import and stockpile wheat. The facility will have a one-year maturity and spread of
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      • Article
        CNT
        30 5 NEW YORK, Mon. Calsse Nationale des Telecommunications plans to sell US$75 million of notes due 1981 and $50 million of bonds due 1996, Lazard Freres said as an underwriter.
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      • Article
        QAL
        55 5 BRISBANE, Mon. Striking workers at the Queensland Alumina (QAL) refinery at Gladstone will hold a mass meeting there tomorrow to discuss the strike. QAL sources said. The strike, over a two year wage pact, began on Oct 21 and led to the close-down of the two million tonnes annual
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      • Article
        OK notes
        81 5 LONDON' Mon. Arrangements have been completed for the offering by Oesterreichlsche Kontrollbank of a US$4O million sexyear issue of guaranteed floating rate notes at par-on the international capital market, lead manager European Banking said. Interest will be calculated half yearly at 1/4 per cent over London interbank offered
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      • Article
        Stelux
        47 5 HONGKONG, Mon. Consolidate net profit at Stelux Manufacturing rose from HK539.5 million to $41.8 million for the year ended March 31, 1976. It has raised the dividend for the year from 34 cents to 36 cents, with a final of 20 cents payable on Dec 21.
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      • Article
        NKM
        39 5 PERTH, Mon. North Kalgurli Mines has suffered a consolidated operating loss of A 5350,000 for the year ended June 26, 1976. In the previous year, the loss was $745,000. Revenue was up from $1.24 million to $1.79 million.
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      • Article
        Sonitex
        80 5 LONDON, Mon. The 90 million mark five-year loan extended to Soclete Nationale des Industries Textiles (Sonitex) by an international bank consortium led by Hypobank International has been signed here, Grindlay Brandts said as co-lead manager. The loan, which has a 30month grace period carries Interest at 1 Vt per
        80 words
      • Article
        M. Credits
        98 5 SYDNEY, Mon. Mercantile Credits said it will offer a series of debenture issues totalling AS4O million, to open Nov 10. It will offer $10 million In first charge debenture stock repayable at call with Interest of 9 1/4 per cent annually. First charge debenture stock of S2O million
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      • Article
        SPPA offer
        70 5 SYDNEY, Mon. Southern Pacific properties (Australia) (SPPA) said its offer to minority shareholders In Travelodge Australia Is free of all conaitions including the previously outstanding reserve bank approvals. SPPA, a Southern Pacific Properties unit, said it is now entitled to 89.49 per cent Travelodge's 19.51 million 50-cent shares.
        70 words
      • Article
        Sumitomo
        54 5 TOKYO, Mon. Sumitomo Heavy Industries said it received an order from Navios Corp of Liberia to build four "Panamax" type 59,500 dwt bulk carriers. The newspaper Nihon Keizai reported the carriers worth 20 billion yen will be delivered to Navios, a subsidary of the US Steel Corp, between October
        54 words
      • Article
        Holland
        40 5 THE HAGUE, Mon. The Dutch Finance Ministry said it will float an openended 8% per cent, 20-year loan. Issue price and amount of the loan will be fixed after list close on Nov 16. Payment date is Dec 15.
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      • Article
        S S K
        73 5 TOKYO, Mon Sumitomo Shoji Kaisha and Nihon spindle Manufacturing said they have signed a US$6 million contract to supply three fume collection systems to National Iranian Steel Industries (Nlslc) of Iran. Sumitomo officials said the systems will be installed at Nisic's steel complex in southern Iran by
        73 words
      • Article
        Sharp
        51 5 TOKYO, Mon, After-tax profit at Sharp more than doubled to 2.57 billion yen (1.11 billion yen) in the first half-year ended Sept 30, 1976. Gross sales were up from 95.26 billion yen to 144.81 billion yen. Despite the big profit jump, Sharp Is maintaining the interim dividend at 3.75
        51 words
      • Article
        Nova Scotia
        82 5 LONDON, Mon. The province of Nova Scotia plans to raise Cs3o million through a debenture issue in the Eurobond market, lead manager Wood Gundy said. The Issue, due 1983, is expected to carry a coupon of nine per cent and final terms will be fixed on Nov 17.
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      • Article
        Oki Elect
        73 5 LONDON, Mon. Oki Electric Industry plans to issue US$l5 million of fiveyear guaranteed notes on the Eurodollar market with an expected coupon of BV4 per cent, Kleinwort Benson said as lead manager. The notes will be guaranteed by Fuji Bank and underwritten by a syndicate including Yamaichi International
        73 words
      • Article
        Tunisia
        70 5 PARIS, Mon, The Tunisian Government may raise up to US$lOO million on the Euromarket in mediumterm notes at the beginning of next year, planning minister, Mr. Mustapha Zaanouni, told Reuters during a seminar on investment prospects in Tunisia. He told the seminar Tunisia's debt servicing, measured as a percentage
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      • Article
        Chrysler
        69 5 DETRIOT, Mon. Chrysler Corp and the United Auto Workers Union (UAW) reached agreement on a new three-year contract for some 9,000 salaried workers, the two sides announced here. The settlement came two days after a threatened nationwide strike against the company was averted when negotiators achieved a tentative pact
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      • Article
        Hitachi
        57 5 TOKYO, Mon. Hitachi said it bought a 19 per cent stake in elevator and escalator maker. J and E Hall (Canada) from Hall's parent company Hall Thermotank of the UK. It gave no financial details but said the acquisition was aimed at establishing a foothold in the Canadian market
        57 words
    • Article
      Lock icon Japanese bond flotations may increase
      277 5 Reuter TOKYO, Mon. Japanese companies may be allowed to Increase their flotation of external bonds during the first quarter of 1977 from the level In the current quarter, because Japan's balance of payments is likely to deteriorate early next year for seasonal and other reasons.
      Reuter  -  277 words
    • Article
      Lock icon Thiess takes stake in Pioneer
      85 5 Reuter BRISBANE, Mon. Thiess Holdings said it acquired 1.87 million ASI shares in Pioneer Sugar Mills, representing 12.75 per cent its issued capital. Company chairman. Sir Leslie Thiess said the purchase was a continuation of the company's policy of balanced diversification into sound industries. He
      Reuter  -  85 words
    • Article
      Lock icon Thyssen start-up
      94 5 Reuter PERTH, Mon. Thyssen Mining Construction is expected to begin sinking the main shaft of the Agnew nickel project In next February or March, Mr. Ken Brett, senior mining engineer of the project, said. The 915 metre shaft will take about two years to complete and a further
      Reuter  -  94 words
    • Article
      Lock icon DAVISVILLE AWAKES!
      991 5  -  Upsurge in oil drilling activities By Steven Rattner NYT TWO years ago, the navy's vast marshaling yards and piers here, once a booming staging ground for equipment destined for military instalations around the world, were abandoned in a wave of cutbacks. Now. thanks to the advent of offshore
      NYT  -  991 words
    • Article
      Lock icon US companies boost their dividend payments
      822 5  -  By Vartanig Vartan NYT "THE first thing I turn to In the first 10 months of this the financial pages Is the year no less than 2,044 comdlvldend section," remarks panles raised their dlvlda retired oil company execu- ends. This represents a big tlve.
      NYT  -  822 words
    • Article
      Lock icon Daimler-Benz tops the table
      741 5  -  By DAVIS CURRY FT THE German motor manufacturer Daimler-Benz gets the top award and the British Steel Corporation the wooden spoon In the league table of corporate success compiled by the French business magazine I'Expansion on the basis of 1975 results. The magazine analysed 235 company
      FT  -  741 words
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      9 5 make mora m-- IOTf WW9W AlTfl® Merduat Broken Exduage
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      160 5 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)
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  • Article
    Share Information Service
    1931 6 SECTION ONE INDUSTRIALS Gr'i Gr's im Last div Div yld P/E Vol Day High Low Ctayuy Sale +or- c'vr COW) High Low 290 170 Acma 173 -3 12.ON 1.1 6.9 8.7 1 173 173 206 172 Alcom 206 20.0 1.3 9.7 13.2 100 60 Allied Choc 68
    1,931 words
  • Article
    Transactions in Singapore
    1292 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 work "Sett." Big Board
    1,292 words
  • Article
    Unit trusts
    159 6 SINGAPORE UNIT TRUST (Manager's prices for Nov 9): The Commerce 1.70 1 80 The Saving Fund .0.97 1.02 S pore Prog Fund 0 81 0 80 S'pore Security Fundi .27 134 S'pore Invest Fund 1.03 1.00 ASIA UNIT TRUST (Manager's prices for Nov 9) Mai Invest Fund .188
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  • Article
    Government and corporate bonds
    415 6 S'pore Govt 5 l/N Taxable Loan No 2 With A I l97Vlst Dec 1977 (1.000.000) (101 688 101.78S) S'pore Govt 5 1/2* Taxable Loan No I With A I 1976/Isth Apr 1978 (1.000.000) (101 658 101 70S) S'pore Govt 6 3/4* Taxable Loan No I With
    415 words
  • Article
    In Kuala Lumpur
    994 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 lost of 1.000 units unless otherwise specified. INDUSTRIALS A)lnan«ata (I.SOB 1.908). AIM HI (2.10B) (1) 2 12. XO. Alu.
    994 words
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      240 6 r>' HBiiNft&l&J* *g A /A V, ■>•; V -j K o' I <*■ Bill p <■: *t ASm 'W. ■■:>■ H It r> n f L "j w j Alex Josey has long been an observer, recorder and commentator of the Singapore scene. In this new book, he examines and
      240 words
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  • Article
    Price slide continues
    534 7 SHARES underwent a alow process of decline in the absence of buying support at the Stock Exchange of Singapore yesterday. From the extent of losses noted, it would appear that the market was very weak. Trading waa characterised by the dominance of sellers throughout the day. In
    534 words
  • Article
    KL suffers a similar fate
    605 7 SENTIMENT remained poor and prices weakened slightly at the Kuala Lumpur stock market yesterday. Trading was thin. And with dabblers still in a cautious mood, turnover for the day sank to only 766,000 units against 1.12 million units last Friday. Market pundits continued to cite
    605 words
  • OVERSEAS MARKETS
    • Article
      London
      743 7 LONDON, Mon The ctock market declined over a broad front In moderate trading and at 3 p.m., the Financial Times Index had shed 14.5 points to 294.2. Today's development followed a weekend pram report that next year's British public borrowing requirement will be higher than expected. Government bonds eased
      743 words
    • Article
      Hongkong
      536 7 HONGKONG: The market closed easier on Monday on Wall Street s fall on Friday and on general expectations that the London market will fall tonight In reaction to Its recent firmness. dealers said. Turnover was boosted by fairly heavy trading In Wheelock Marden shares which were requoted this morning
      536 words
    • Article
      Sydney
      419 7 SYDNEY: The market fell on Monday to a year's low on sustained selling following the government's new anti-infla-tion package, and Its determination not to devalue the dollar, dealers said. BHP lost 26 cents to A 56.84 and its rights 20 cents to $2.70 while TNT fell two cents to
      419 words
    • Article
      Manila
      147 7 MANILA: The market was firmer In more active trading, on Monday, with oils leading the rise, dealers said. Continued progress in drilling off the Palawan Islands boosted Interest in oils, while a moderate rise in metals prices aided mining issues. Commercials, however, remained neglected. NOV OK Pesos Acoje Mining
      147 words
    • Article
      Tokyo
      484 7 TOKYO: The market rose in moderate trading, on Monday, reversing last week's decline on a revival of buying in domestic consumption-related issues, dealers said. The Dow Jones average rose 25 86 points to 4.528.61 with volume 120 million shares. The New Index was 344.85. up 1.78. D harmaceutlcals. ceramics
      484 words
    • Article
      Bangkok
      80 7 NOV H Bahts Asia Fibre Bangkok Bank 231 unch Bangkok Invest 145 1 Bangkok-Metro-politan Bank Bala Berll Jucker 156 unch Charoong Thai unch Wire 143 Dumex Dusit Than I Faber Merlin First Trust Indo-Thal 1708 unch J And J Ho 141 unch Jalaprathan 718 Cement Karnazula Lee Kwang Mln
      80 words
  • Article
    Lock icon Gesellschaft rights issue
    123 7 Reuter ZURICH. Mon. Schweizerische Bankgesellschaft said it plans to increase Its basic capital to 950 million francs from 850 million francs through a rights issue. The increase will be proposed at an extraordinary meeting of shareholders on Nov 29, It said. The increase will be effected by
    Reuter  -  123 words
  • Article
    Lock icon Lonrho: A loose style of ownership
    2025 7  -  By NICHOLAS LESLIE FT EARLIER this year, several directors of Volkswagen 08, the company which holds the UK franchise for VW, Audi and NBU cars and other vehicles, went to the main German factory at Wolfsburg to negotiate a special pricing strategy which they
    FT  -  2,025 words
  • Article
    Poulenc, BP withdraws from Shell project
    116 7 PARIS. Mon. Rhone Poulenc said it and Ste Francaise des Petroles BP have decided to withdraw from a Joint project with Shell Chimie to build a 450.000 tonnes a year capacity steamcracker at Berre. near Marseille. The cracker was due to be completed in
    116 words
  • Article
    N Shinpan
    37 7 TOKYO. Mon. For the first half-year ended Sept 30, 1976. after-tax profit at Nippon Shinpan rose from 770 million yen to 890 million yen on sales up from 103.47 billion yen to 127.14 billion yen.
    37 words
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      Page 7 Advertisements Column 1
      176 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who
      176 words
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  • Article
    Rubber market
    556 8 THS Singapore rubber market opened firm following higher overseas advices and rose on good forwards demand and speculative buying together with sellers reserved, dealers said. Turnover was fair. The morning session closed quietly higher, with November RSS one buyers quoted at 200.00 cents per kilo, up three cents
    556 words
  • Article
    SSR and SMR
    105 8 DAILY SSR and SMR prices at noon yesterday: R.A.8. Nov. Dec. <C« irrent Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (ee nt*perk«) (cent* per kf) SSR 20 (1-ton Pallets) 189.50 191.50N 190.50 192 50N SSR 50 (1-ton Pallets) 187.00 189.00N 188.00 190 OON M.R.E.L.B. Dec Jan SMR5CV
    105 words
  • Article
    Lead
    56 8 LONDON, Mon. Lead rose by C 0.50 per tonne for Cash and C 1.50 for Three Months. The general trend and some European physical buying lifted the Three Months position to C3OO in the pre-market although profit taking In the ring eased the price by t'2.50 per tonne. Sales
    56 words
  • Article
    Produce prices
    119 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk $72 sellers, old drum $77 sellers, new drum $82 sellers. Coyra: Mixed (looae) UK/Cont. $45 buyers. P»»per: Muntok ASTA while f.o.b. 100% NLW $325 sellers. Sarawak white f ob 96% NLW $307", sellers, Sarawak special
    119 words
  • Article
    Straits tin
    138 8 THE Straits tin price In Penang yesterday fell $1.00 to close at $1,208.37 ft per plcul on an official official offering up 50 tonnes to 310 tonnes. In LONDON yesterday, tin advanced by £70 per tonne for Cash and £75 for Three Months in both contracts. Values gained
    138 words
  • Article
    Closing prices
    31 8 Rubber: Nov 8 .Singapore: Nov. 206.00 cU (up 3.00 cts). Maltydi: Dec. 214.50 cte. (up 3.75 cts). Tin: 11,208.37 W* (down II). Official offering: 310 tonnes (up 50 tonnes).
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  • Article
    Gold
    230 8 THE Singapore gold market opened at last week's closing level of U*****.50 per ounce and soon moved to higher ground at US$l2B.OO where it remained steady through most of the day before rising again at the close to finish at U*****.00. In light trading the kilobar opened at the
    230 words
  • Article
    Copper
    134 8 LONDON, Mon. Copper wire bars gained C 4.50 per tonne for Cash and £7 for Three Months. Fairly buoyant market sentiment was given a fresh boost by a very steady New York close on Friday, easier sterling and the strength of gold in the morning, dealers said. On the
    134 words
  • Article
    LME stocks
    49 8 LONDON, Mon. Stocks in London Metal Exchange official warehouses at the end of last week (all In tonnes except silver): Copper rose 3,750 to 581,125 Tin fell 185 to 6,505 Lead fell 25 to 65,800 Zinc rose 575 to 112,875 Silver fell 330,000 to 29,090,000 troy ounces.
    49 words
  • Article
    Silver
    60 8 LONDON, Mon. Silver gained 3.5 to 4p per troy ounce. Very steady US futures, firmer gold and easier sterling combined to lift values on the premarket where Three Months changed up to 281.5p per ounce. Profit taking partly reversed the trend although short covering recouped losses in the ring
    60 words
  • Article
    Zinc
    62 8 LONDON, Mon. Zinc closed the morning £3 per tonne for Cash and £4.25 for Three Months. The trend in copper and continental physical demand for highgrade material were the main stabilising influence. Three Months traded at £388 in the pre-market but softened to £386.50 in the ring before final
    62 words
  • Article
    Coffee
    143 8 LONDON, Mon Robusta futures opened very steady £22 to £44 up on Friday's close with 192 lots traded at the opening call. Market sources said sellers were reserved following slightly weaker sterling and Friday's New York firm trend. News that the Brazilian Coffee Institute was to raise export prices
    143 words
  • Article
    Sugar
    92 8 LONDON, Mon Terminal opened quiet £0.75 lower to £0.10 high on Friday's close. Sales totalled 207 lots. Market sources said that there was no fresh news to affect sentiment and the Jamaican sale on Friday of 5,000 tonnes of raws made little direct Impact on the terminal. Prices were
    92 words
  • Article
    Rice
    213 8 HONGKONG, Mon. The market was steady with prices up 40 cents to $7.00. The day's turnover totalled 547 tons comprising Thais 196 tons, Kwangtungs 250 tons and Australlas 101 tons. Arrival were from Thais 420 tons and Kwangtungs 380 tons. Closing prices: Thai White: 100 per cent old crop
    213 words
  • Article
    Lock icon Analysts predict strong demand for cotton
    794 8 NYT NEW YORK, Mon. Spectators are once again sending prices toward contract highs on the New York Cotton Exchange as they await the next moment of truth this Wednesday afternoon. At that time, the Agriculture Department will issue its supply-demand situation report for cotton,
    NYT  -  794 words
  • MONEY AND EXCHANGES
    • Article
      Singapore
      455 8 ALTHOUGH the domestic money market was steady yesterday, dealers expected an easier trend to creep into the market. Dealers said that this expectation was reflected in the easing of the overnight rates from the opening level of 3 per cent to three per cent at the close. The easier
      455 words
    • Article
      Asian $ rates
      169 8 Asian rates ASIAN currency deposit Interbank rate* as at cloae on Nov 8: U8 Dollar* (8p««> Oftar Bid 7 days 4 1/2 4 3/8 1 mth 51/8 2 mths s vie 5 3/16 3 mths 5 7/16 5 5/16 6 mths S 13/16 5 11/16 9 mths 6 5 7/8
      169 words
    • Article
      Discount market
      48 8 RANGE of prices offered by discount houses on Nov 8: Oveml«ht 2 to 3HM Call deposit 2 v. to 3 a—im Bay SrtllM 3-Month Treasurer bills 31/B 3 Bank bills 41/18 315/18 3-Month CD 4 3/18 41/18 8-Month CD 4 5/8 41/3 Source: National Discount Co
      48 words
    • Article
      Euro $ rates
      126 8 Euro rates LONDON, Mon. Eurodollar deposits opened basically steady with periods tending marginally easier where changed In early slow trading, dealers said. Losses of 1/10 or so In some periods were ascribed to Friday's FED funds rate closing at 4-13/16, without apparent Federal fund intervention, after opening at around five
      126 words
    • Article
      London
      319 8 LONDON, Mon. Sterling drifted lower in unsettled, early trading, declining to 1.6210/30 against the dollar from its 1.6270/90 on Friday's close. Confirmation by British Chancellor of the Exchequer Mr Denis Healey that the public sector borrowing requirement for fiscal 1977/78 is likely to be more than the original £9
      319 words
    • Article
      Hongkong
      183 8 HONGKONG, Mon. The US dollar was being quoted at a 19 month low of HK4.8000/20 In thin midday trading, with some dealers quoting 54.7920 8020 compared with Saturday's close of $4.8140 60, dealers said. They added that they were unsure of the reason for the currency's decline although some
      183 words
    • Article
      Tokyo
      145 8 TOKYO, Mon. The US dollar for overnight delivery closed easier at 294.33 yen against 294.90 at the opening and 295.00 at Friday's close, dealers said. The dollar declined under pressure of small-lot selling arising from the low-level of import settlement needs. No Central Bank intervention was detected, dealers said.
      145 words
    • Article
      Minimum lending rates (in %)
      67 8 Minimum lending rates (in ACBC 1 1 Algemene Bank 7 f irsi inicago 7 7 Bangkok Bank 7S HKSBC 7'<4 Bank of America 7 Indosuez 7 Bank of China .7", Malayan Banking 7 Bank of Tokyo 7 Mitsui Bank 7 Bank Negara n CBC 7 Indonesia .7'» o UB 7
      67 words
    • Article
      Australia/NZ
      54 8 AUSTRALIA/NZ exchanges quoted on Nov 8: Australia: Sterling 0.7621 0.7543 US dollar 1.2324 1.2274 Ninety day air mail buying rates. Sterling 0.7974, US dollars 1.2604 Ninety day forward buying rates: Sterling 0.7723, US dollars 1.2163 New Zealand: Sterling 0.5904 0.5869 US dollar 0.9642 0.9542 Ninety day forward rate: Sterling
      54 words
    • Article
      Frankfurt
      32 8 FRANKFURT exchanges quoted on Nov 8: US 2.4180/95 (2.4190/4200) Can 2.4787/4802 UK 3.895/910 Neth 95.65/80 Swltz 98.95/99.10 Italy 2.79/80 France 48.35/50 Norw 45.60/65 Belg Com 6.51/52 Belg Fin 6.47/48 Japan 0.8210/20
      32 words
    • Article
      Eurobond prices
      339 8 LONDON, Mon. Eurobonds tended mostly easier where changed In quiet conditions, dealers said. Dollar bonds fell up to point in nervous trading on the likelihood of lesser known names entering the new issue sector, dealers said. In first time dealings during the day, Nippon Fudosan Bank 8 per
      339 words
  • Article
    Lock icon Heavy activity in edible oil marts
    251 8 Reuter LONDON, Mon. Export activity In edible oil markets gave support to price levels in Europe early on Friday and reports of heavy soyabean mealsales to Eastern Europe over the week Injected some strength into local markets values, brokers said. Traders said overnight Chicago
    Reuter  -  251 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      176 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 to be
      176 words
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  • TRANSPORT AND COMMUNICATIONS
    • Article
      Lock icon Airlines cut-fare war: CAA to hold an inquiry
      589 9  -  By ARTHUR SANDLES Financial Times AS ACCUSATION and counter accusation flew here around the luue of cut price airlines tickets the Civil Aviation Authority announced a public hearing in January which will be aimed at getting the difference between cut-price fares and
      Financial Times  -  589 words
    • Article
      Lock icon Too many problems may force closure of Frisco's cable cars
      755 9 SAN FRANCISCO, Monday Financial Times ARE San Francisco's famed cable cars, that unique and archaic form of transport, approaching the end of the line? Many San Franciscans wonder, as the service steadily becomes less efficient. There are more and more
      Financial Times  -  755 words
    • Article
      MSHI proved its worth before official opening
      647 9  -  By TERESA LIM MITSUBISHI Singapore Heavy Industries (MSHI), Singapore's newest ship repair giant, opens offimonth with the world shipping industry still in the doldrums, despite the slow pick-up in world trade. Is there cause for pessimism on MSHI's part, and on the part
      647 words
    • Article, Illustration
      IN PORT
      480 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Bunga Gelang (0600) 19 Kosho Maru (JNOH) (0600 after Marne Lloyd) 10/11 Kyoho Maru (JIHF) (0900 40/41 Labu (0700 24 Lanka Kalyani (0100) 31/32 New Ocean (1230 after Norhausen) 38/39 Nlssei Maru (Car Carrier) (2300) 48 Perak (1500 after Auby) ?fl Wpct Perils
      480 words
    • Article
      Air-India to expand service further
      138 9 AIR-INDIA will extend on« of Its three services between Bombay and Nairobi to Lagos and Accra from next month. This is the first time that Air-India is launching a major expansion of its route network since it started Its Mauritius service in 1967. Mr. K.K.
      138 words
    • Article
      'Philippines ships for home market'
      217 9 THE Philippines' shipbuilding yards will concentrate on producing ships for their home market for quite some time yet. This was revealed by Mr. J. Roberto Delgado. president of Delgado Brothers and director of the Filipino Shipowners' Association. He said: "Most of our shipyards are very
      217 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      531 9 ARRIVALS Service Local Operator Number Time From CAL TMA CI331 TL303B 0040 TPE/HKO/KUL 0215 BEY/DXB/ BOM/KUL JAL SIA JL712 SQ211 1000 HLP 1010 HLP GIA OIA GA980 GA908 1030 HLP 1100 MES MAS MH605 CALTEXPKCFD SAS SK971 1100 PKU 1130 PKU 1130 CPH/BKK SIA SIA SQ201 SQ240
      531 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      172 9 o 0 o mawingfmade easy on a cushion of air. > the airborne mower Lightweight easy to handle Cuts even wet grass edges between paving stones around shrubs and trees. Needs no grassbox creates its own mulch to fertilize the ground Electric and Petrol models MiH this coupon for aN
      172 words
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      Page 9 Advertisements Column 2
      210 9 in/IGHT HOUDAV/ The Executive's Travel Agent Suite 102.Cathay Building. Mount Sophia Singapore 9 Telephone *****2. 1 r J MONTHLY ECONOMIC REPORTS With monthly political supplamant for UP-TO-DATE HANDY REFERENCE s s ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have
      210 words
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  • Article, Illustration
    Lock icon Jordan looks toward the Dead Sea for its bonanza
    608 10  -  By SAMIRAL AL-SSAMI Reuter JORDAN, one of the few Arab desert states without oil. hopes to reduce its financial dependence on oilrush neighbours by exploiting the mineral deposits of the Dead Sea. The multi-million dollar project involves building two big dams
    Reuter  -  608 words
  • Article
    Lock icon Laughlin in trouble when Gunfighter bombed box office
    935 10  -  By ROBERT LINDSEY NYT THE scenario might be called Billy Jack goes to Hollywood. Or, perhaps Billy Jack runs out of Jack. It goes like this: A poor boy, a loner with ideas who like to buck the establishment, comes to Hollywood
    NYT  -  935 words
  • Article
    FEH clarifies on that offer by Cho Jock Kim
    671 10  -  LETTEKS TO THE EDITOR Richard Toh Wah Kiong Secretary, Far Eastern Hotels Development Ltd. I SHALL be pitcful if you would allow me to comment on your report "No formal offer from Cho yet" (Business Times, Nov 5). When you make
    671 words
  • Article, Illustration
    Lock icon New 'miracle maize' a breakthrough for hungry millions
    778 10  -  Scientists' success could change lives of those whose main diet is maize By JOHN PARCELL Reuter SCIENTISTS here claim that, thanks to new "miracle" varieties of maize they have developed, the world's hungry nations are on the threshold of a big food
    Reuter  -  778 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      506 10 Business Management in Penguins THE DEBT MS TRAP M M» #^C B V>: r *V;, (V/V -i*<S HOW TO I SURVIVE THE SLUMP The Debt Trap: Cheryl Payer The International Monetary Fund is the most powerful supra-national government in the world today. This book is about the efforts of poor
      506 words
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  • Article
    Italians to scout for joint ventures in Perak
    238 11 IPOH, Mon. An Italian delegation comprising of bankers and Industrialists will visit Perak early next year to look Into the possibility of setting up joint ventures with the local peojjle. "There are many opportunities In Perak for Italian investors to look Into",
    238 words
  • Article
    Lock icon Biggest test ever on sun energy
    263 11 UPI WASHINGTON, Mon. The Pentagon to conduct the largest test ever to transform sunlight into electricity for lighting and cooling buildings. Panels of solar cells will be installed later this year at the Navy's Tudor Hill Laboratory in the Bahamas, generating electricity that will
    UPI  -  263 words
  • Article
    Lock icon $30m loss by building last year is not a tall figure
    141 11 UPI NEW YORK, Mon. The world's second tallest building, the colossal twintower World Trade Centre, Is also a giant financial flop, according to an audit released yesterday by the State Comptroller Arthur Levitt. The audit said the net loss
    UPI  -  141 words
  • Article
    KL PRICE AND WAGE POLICY IN THE WORKS
    602 11 KUALA LUMPUR, Mon Officials in Malaysia's economic departments are working on an outline for an incomes and prices policy, the first announcement of which may be made In the next few weeks. At the moment, the plans are In an Initial and
    602 words
  • Article
    'New duty no help to marginal mines'
    457 11 KUALA LUMPUR, Mon. Representatives of the tin mining Industry are planning to meet Finance Minister Tengku Razalelgh Hamzah soon on the new export duty and surcharge for the metal announced in his budget on Oct 29. The Industry feels that the changes are
    457 words
  • Article
    Lock icon 'US-Japan ties untouched by Lockheed scandal'
    542 11 AP TOKYO, Mon. Foreign Minister Zentaro Kosaka said today "Japanese politics was profoundly shaken" by the Lockheed scandal but that he could say confidently US-Japan relations have not been harmed by It. Outlining the political, economic and cultural links between the two countries, he
    AP  -  542 words
  • Article, Illustration
    Court rejects tycoon's plea to set aside sale
    473 11 PENANG, Mon The High Court here today rejected an application by Bukit Mertajam millionaire N.T.S. Arumugam Pillai to set aside the sale of his estate by public auction because the price of MS 15 million was below the market value. He claimed
    473 words
  • Article
    Lock icon OIL HUNT: SEOUL MAY GO IT ALONE
    119 11 UPI SEOUL, Moa. South Korea is studying a plan to tart oil exploration independently on a continental shelf if Japan does not ratify an agreement on joint development of the area, situated between the two countries, newspapers reported today. Newspapers published in Seoul,
    UPI  -  119 words
  • Article
    Lock icon Congress in Albania ends with Hoxha re-elected
    165 11 UPI BELGRADE, Mon. Albania wound up its Seventh Communist Party Congress yesterday with the re-elec-tlon of strongman Mr. Enver Hoxha as party leader. Radio Tirana said. The re-election of Mr. Hoxha. 68, came as no surprise since he has been First Secretary of
    UPI  -  165 words
  • Article
    Lock icon Luanda ahoy
    32 11 UPI MOSCOW, Mon. The ■Soviet destroyer Bravy will arrive In Luanda, Angola, tomorrow for a three-day official visit Including celebrations of the first anniversary of independence, Tass said today. UPI.
    UPI  -  32 words
  • Article
    Lock icon American fishery resources face state of near crisis
    384 11 Reuter TOKYO, Mon. The chief American delegate to USJapan fisheries talks here said today that fishery resources within the proposed US 320-km economic zone now faced a state of near crisis. In an opening statement at the six-day talks, Mrs. Rozanne Rldgway,
    Reuter  -  384 words
  • Article
    Lock icon TENTATIVE PACT REACHED AT CHRYSLER
    223 11 AP DETROIT, Mon. The United Auto Workers Union and Chrysler Corp. have reached tentative agreement on new three-year contracts covering 9,000 salaried workers. The accords, announced early yesterday, are separate from the lastminute tentative settlement reached on Friday covering 109,000 Chrysler production workers. The agreement
    AP  -  223 words
  • Article
    Lock icon Record 33 go bust
    83 11 Reuter TOKYO, Mon. A record number of 33 large Japanese firms went bankrupt last month. Figures issued today by a private survey company, whose figures are used by the Bank of Japan, said the previous record among firms with one bllUonyen (SsB.3 million) or more capital
    Reuter  -  83 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      732 11 APPOINTMENTS In line with its expanding activities FIRST CHICAGO ASIA MERCHANI BANK LIMITED requires a Business Development Executive responsible tojthe Managing Director. The candidate should have experience with bonds, equities, loan syndications and other corporate finance activities. While his initial concentration will be on the Singapore market, the successful candidate
      732 words
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      Page 11 Advertisements Column 2
      383 11 TELECOMS REQUIRES SENIOR OFFICERS Candidates should have good honours degree in appropriate discipline, and relevant experience in large organisation. Those without the relevant experience need not £pply. ments in Personnel or related activities. Assignments should preferably include manpower planning, preparation of manpower succession plans, salary surveys and personnel evaluation. Mathematical
      383 words
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  • Article
    Slow but steady pick-up for S'pore, KL marts
    251 12 THE Singapore and Malaysian stock markets are expected to show a slow but sustained recovery in line with the economic growth of the two countries well into 1978. This optimistic outlook was expressed in the recent issue of the investment review of
    251 words
  • Article
    Lock icon Too early for EEC decision to aid sterling
    302 12 Reuter BRUSSELS, Mon. Common Market finance ministers discuss the EEC currency situation today but any expectations of concrete decisions on extra help for sterling are premature, Community officials said. The latest bout of weakness in sterling is not on the ministers' agenda
    Reuter  -  302 words
  • Article
    Healey: No way to cut rate
    231 12 PARIS, Mon British Chancellor of the Exchequer Denis Healey said there is no longer any chance of reducing the annual rate or price increase in Britain to seven per cent by the end of 1977. He was asked in an interview with the daily
    231 words
  • Article
    Lock icon Timber industry looks up again
    289 12 Reuter KUALA LUMPUR, Mon Acting Primary Industries Minister Paul Leong said here today that Malaysia's timber business had recovered from a recession. Opening a national timber congress attended by 500 delegates, Mr Leong said earnings from timber exports this year were expected to be as
    Reuter  -  289 words
  • Article
    Technical training has created jobs
    157 12 THE technical training programmes carried out in secondary schools and by the Industrial Training Board have played a significant role In Singapore's Industrialisation which, in turn', has created Job opportunities at various levels in the technical field. This was stated by Mr.H.R.Hochstadt, Permanent Secretary of
    157 words
  • Article
    Registry of co-op starts course
    166 12 THE Registry of Co-opera-tive Societies had organised an eight-lecture course on basic book-keeping as the start of a cohesive effort to provide consultative and direct promotional services to the co-operative movement in Singapore. Announcing this yesterday, the Ministry of Social Welfare said the registry has
    166 words
  • Article
    MRS. SADAT VISITS JURONG TOWN
    106 12 MRS. JEHAN Sadat, wife of the Egyptian President, was escorted round the Jurong Industrial estate yesterday, and told that everything frpm paper bags to supertankers can be made there. Mr. Teh Cheang Wan, Jurong Town Corporation's acting chairman, explained that Jurong Town has most of
    106 words
  • Article
    Fourth OUT branch opens in Toa Payoh
    97 12 OVERSEAS Union Trust announced the official opening of its fourth branch at Lorong 5, Toa Payoh, with a staff of seven headed by the manager, Mr. Ong Wee Kok. OUT's head office manager Lien Seow Wah said the finance company hopes to attract
    97 words
  • Article
    Lock icon NZ bows to oil firm
    100 12 Reuter WELLINGTON, Mon The New Zealand Government today bowed to oil company pressure and dropped a proposed NZ$3 (Ss7)a barrel levy on locally-pro-duced oil. OH companies attacked the Government plan and one, Hunt Petroleum, said it would pull out of exploration work in the Southern
    Reuter  -  100 words
  • Article, Illustration
    Cement makers face some concrete woes
    571 12 LOCAL cement manufacturers are presently facing a very competitive domestic market, aggravated by stagnant demand, falling cement prices and undercutting among themselves. This was the view expressed yesterday by Mr. Jung Tae Gyong, (above) managing director of SSanygong, Cement. He said that the five
    571 words
  • Article
    Lock icon Legal tussles over Pertamina's ships
    608 12 AP JAKARTA, Mon. The financial collapse of Indonesia's state oil company has resulted in legal battles in at least three countries over a fleet of ships. Pertamina's new management is resisting demands from some shipowners that they be paid for deals involving 23 oil tankers
    AP  -  608 words
  • Article
    Signs of a Sino-Soviet thaw
    424 12 Signs of a SinoSoviet thaw MOSCOW. Mon. The late Chairman Mao Tse-tung's successors have made what Western diplomats believe could be a positive gesture to Soviet overtures for better relations between China and the Soviet Union. A possible hint that Peking is interested in reconsidering the 20-year split between the
    424 words
  • Article
    MP: Let all-party panel probe shipping firm
    301 12 KUALA LUMPUR, Mon UMNO secretary-general Datuk Senu bin Abdul Rahman, was challenged today to allow an all-party parliamentary select committee to investigate into the Great Malaysia Line, the shipping company which carries pilgrims to Mecca. DAP MP for Kota Melaka, Mr Lim Kit
    301 words
  • Article
    $7m DIVE AT SIM LIM
    159 12 SIM LIM Investments yesterday revealed that It suffered a heavy net group loss of $7.24 million for the year ended March 31, 1976, compared with $1.4 million last time. The brief letter to the Stock Exchange of Singapore did not reveal the reason for the
    159 words
  • Article
    Minister blasts policies of western airlines, govts
    316 12 THE lATA CONFERENCE MR. LIM Kim San, Minister of National Development and Communications, yesterday attacked the policies of Western airlines and their governments against aspiring Asian airlines in search of expansion. Mr. Lim was speaking before more than 400 delegates, observers and journalists
    316 words
  • Article
    Setron sues
    40 12 SETRON Electronics has filed a suit yesterday in the High Court against Messrs Wong Yow Phang and Wong Yin Tai. who were trading as Wong Radio Corporation, for $41,401.02 for goods allegedly sold and delivered to the defendants.
    40 words
  • Article
    Full backing for security motion
    714 12 A RESOLUTION calling for active participation by airlines in their government's airport security arrangements was pushed through yesterday at the 32nd annual general meeting of the International Air Transport Association (lATA). This resoluUon on aviation security won unanimous support at the meeting and was described
    714 words
  • Article
    Lock icon HK mass transit rail contracts
    155 12 AP HONGKONG, Mon. The Hongkong Mass Transit Railway Corporation announced today that It has awarded two major contracts for the mass transit system currently under construction. The environmental control system which covers the air-conditioning of all underground stations and tunnels along the 15.6 km modified
    AP  -  155 words
  • Article
    Lock icon ABU DHABI CALLS FOR HIKE
    98 12 Reuter ABU DHABI, Mon. The semi-official Abu Dhabi newspaper Ai-Ittihad today called on oil exporting states to raise their prices to cope with what it described as a three-fold increase in the price of industrial commodities. The newspapaer also urged the oil states to withdraw
    Reuter  -  98 words
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