The Business Times, 12 November 1976
1976-11-12
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The Business Times
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Title Section10 1976-11-12 1 BUSINESS TIMES M.C.(P) 1455/76 FRIDAY, NOVEMBER 12, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article73 1976-11-12 1 Reuter JAKARTA, Thurs. The Indonesian navy has ordered four warships from South Korea to strengthen its fleet, Admiral Raden Subiyakto, the naval chief of staff, said. Adm Subiyakto told reporters in Jakarta yesterday that the ships would be ready for delivery in two to three years. TheReuter - 73 words
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Article66 1976-11-12 1 Reuter GENEVA. Thurs. New British proposals designed to break a stalemate at the slow-moving Rhodesia conference were studied by black Nationalist delegations meeting in private session here today, conference sources said. The Geneva talks, now entering their third inconclusive week, are bogged down over fixing a dateReuter - 66 words
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Article79 1976-11-12 1 AP MANILA, Thurs. The Asian Development Bank approved today a concessional loan of US$l3.5 million (Ss33 million) and a technical assistance grant of $165,000 for a water supply project in Papua, New Guinea. The Manila-based bank has previously extended two special funds loans totalling $14.3AP - 79 words
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Article57 1976-11-12 1 AP INTERNATIONAL Air Transport Association (lATA) experts opened a three-day "familiarisation course" on commercial flying today in Singapore for representatives of 24 airlines, including several non-lATA carriers. The course following the close yesterday of lATA's annual general meeting, was designed in part to entice non-lATA members in AsiaAP - 57 words
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Article72 1976-11-12 1 AP WASHINGTON. Thurs. US Defence Secretary Donald Rumsfeld yesterday ordered a top-level review of the multi-billion dollar American foreign arms sales programme which came under heavy attack from Mr. Jimmy Carter during the presidential election campaign. In a memorandum, Mr. Rumsfeld said, "I am determined that the proceduresAP - 72 words
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Article84 1976-11-12 1 Not the ripe time UPI MANILA. Thurs. Philippines Defence Secretary Juan Ponce Enrile said today the time is not ripe yet to lift martial law in the Philippines. Mr. Enrile told newsmen the military will not involve itself in politics and will continue to play its role in maintaining peaceUPI - 84 words
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Article44 1976-11-12 1 UPI NEW YORK, Thurs. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 920.63, down 3.43; 20 transp 210.32, down 0.18; 15 utils 98.06, down 0.07; 65 stocks 295.25, down 0.73. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration175 1976-11-12 1 TRADING at the Stock Exchange of Singapore remained lack lustre yesterday. Price movements were narrow. The Business Times index was down 2.15 points to 247.31 while the Straits Times Industrial average was down fractionally to 248.49. Falls Most active MuraLa 1170 Msian Fmills 158 Prima 218 Straits175 words
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Article104 1976-11-12 1 Falls Most active M F'mills $1.67 -.23 Haw Par 60,000 Ber junta! $11.90 -.20 Inchcape 34,000 P M.C. $2.94 •06 Pan Electric 34,000 Aiinomoto SI 85 -.05 Malayan Credit 30,000 o.c.b.c. sa.oo Guinness $4.22 N.B.T. $3.14 Rises Set Dredge $3.72 TalplngCon $2.00 K G Hold $1.12 M.104 words
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Article818 1976-11-12 1 COLIN CHEE - FOLLOWING THE DBS LEAD By COLIN CHEE THE continuing low demand for loans, and the highly liquid state of the money market which has persisted for the past quarter, finally brought down the resistance of many banks yesterday. One after another, four banks818 words
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Article124 1976-11-12 1 dollar hold their ground UPI BRUSSELS, Thurs. The US dollar and the pound both held steady at the opening of European money markets today with opening prices only slightly lower than yesterday's closing rates. Gold dropped from U*****.25 an ounce in Zurich to $134.50 and from $136.50 to $133.20 atUPI - 124 words
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478 1976-11-12 1 LONDON, Thurs. The precipitate fall in sterling has hit Royal Dutch Shell so badly that net group income fell 42 per cent to £185 million (Ss74o million) in the third quarter of this year. It suffered a foreign exchange loss of £223 million478 words
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320 1976-11-12 1 RAMBOUILLET, (France), Thurs. The FrancoBritish summit conference began here tonight against a backdrop of uncertainty about how the world will look after the election of Mr. Jimmy Carter as America's next President, and a rapidly deteriorating financial and political situation in England. President Olscard320 words
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192 1976-11-12 1 A SIX-MAN team of prominent Singapore bankers will attend the first meeting of the Asean Bankers Council (ABC) to be held next month In Bangkok. It will be led by Dr Tony Tan of the Oversea-Chi-nese Banking Corporation, who is also chairman of the192 words
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Article93 1976-11-12 1 LONDON, Thurs. The two super powers, the United States and the Soviet Union, and 13 other countries began top secret talks here today on strengthening methods of preventing the spread of nuclear weapons. During the past two years, the original seven members of the club93 words
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Article193 1976-11-12 1 THE Oversea-Chinese Banking Corporation group has sold one million Msl shares in its Malaysian subsidiary Pacific Bank to United Malacca Rubber Estates for $1.15 million. This represents 22.2 per cent of Pacific's paid-up capital of $4.5 million, and reduces OCBC's stake from 97 per cent193 words
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Article71 1976-11-12 1 MR. C.W Treaiae wm yesterday elected chairman of Robinson's, following the retirement of Mr. Tan Chin Tuan. In letter to the Stock Exchange of Singapore, Robinson's says Mr. Tan has been appointed honorary president of the company as a mark of distinction and in recognition of his71 words
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205 1976-11-12 1 JAPANESE investors in Singapore have been urged to give positive reports about the investment climate in the Republic when asked by their counterparts in Japan. They were urged to do so by Mr. Ng Pock Too, divisional director for investment services at the205 words
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Article84 1976-11-12 1 Reuter TOKYO, Thuri. Sumitomo Bank president Kyonosuke Ibe Mid Ataka and C. Itoh are expected to sign a merger agreement by the end of this year, following approval by Kyowa Bank and Sumitomo Bank, which are Ataka's main banks. Mr. Ibe told a press conference he hopesReuter - 84 words
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424 1976-11-12 1 ASSOCIATED companies. Faber Merlin Malaysia and Pahang Consolidated, have applied to the Kuala Lumpur Stock Exchange for their shares to be relisted. Their application will be considered by the KLSE committee when it next meets in about 10 days' time. Faber was424 words
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Article172 1976-11-12 1 AP TAIPEH Thurs. Taiwan recorded a trade surplus of U*****.7 million (551,016 million) in the first 10 months of this year, compared with a $513.3 million deficit in January-October 1975, the directorate general of budget, accounting and statistics reported today. This year's JanuaryOctober exports were listed as $6,553AP - 172 words
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Page 1 Advertisements
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Advertisement21 1976-11-12 1 Get advanced copying tecnnok y >. mk\>i =5 INSIDE Overseas News/TV' Radio Overseas News/Features Local Co News Foreign Co News Local Stock21 words
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Advertisement117 1976-11-12 1 Get around fdrujoy problems wftfi the PGA Por-Ex The set with the#wood The PGA Par-Ex Golf Clubs J present a break through in golf club design. Take the Par-Ex 7-wood for example. We increased the loft and shaft of this well-constructed club to help you get the ball up for117 words
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Advertisement93 1976-11-12 1 GO WITH ST SINTAT DIPLOMACY Singapore *****3 *****5 Kuala Lumpur: *****/7 Penang: ***** CHARTERED T V v LIMITED k f Providing full merchant banking services throughout South East Asia. A merchant bank owned by The Chartered Bank, a member of the Standard Chartered Bank Group, and Arbuthnot Latham Co., Limited,93 words
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OVERSEAS
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414 1976-11-12 2 UPI CAIRO, Thurs. Pentaocean, Japan's General Construction Co. signed yesterday a U*****.5 million (*****.6 million) agreement with Egypt for widening and deepening the Suez Canal waterway, a spokesman for the company said. The work on the threeyear project Is scheduled to begin nextUPI - 414 words
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Article142 1976-11-12 2 AP TOKYO, Thurs. A twoday seminar sponsored by the Organisation of Arab Petroleum Exporting Countries (Oapec) and three Japanese organisations opened here today to discuss co-operation between Japan and the Arab nations. The three Japanese sponsors are Keidanren (Federation of Economic Organisations), the Middle East Co-operation Centre andAP - 142 words
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Article234 1976-11-12 2 UPI MANILA, Thurs. President Marco* yesterday told a visiting US Congressional delegation the increase in tariff on sugar entering the United States has hurt the Philippines. As a result, Mr. Marcos said the Philippines is now considering other uses of sugar, the country's No.UPI - 234 words
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Article28 1976-11-12 2 UPI SYDNEY, Thurs. The Soviet Union has agreed to buy 9,840 tonnes of meat from Australia, a spokesman for the Australian Meat Board said today.UPI - 28 words
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622 1976-11-12 2 DR K MAY HAVE TO RECONSIDER. NYT WASHINGTON, Thurs. High-level officials in President Ford's Administration want the US to tell the Iranians that an Increase in the price of oil would lead to reconsideration of the multi-billion dollar American programme of armsNYT - 622 words
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428 1976-11-12 2 Reuter MONTREAL, Thurs. The future of a united Canada may hang in the balance when Quebec province votes on Nov 15. The French separatist movement, rejected solidly by the voters Just three years ago, seems likely to emerge as the largest partyReuter - 428 words
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Article187 1976-11-12 2 AP WASHINGTON, Thurs. Retail sales in the United States, which Initially set the pace for recovery from the recession, turned in a disappointing performance for the fourth consecutive month October, U.S. Government figures showed yesterday. The Commerce Department said sales of the nation's retailAP - 187 words
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240 1976-11-12 2 AP UPI GENEVA. Thurs. The 1973 multi-fibre agreement that refill* tea trade among the world's major textile exporter* and importers will probably be extended for another four years, informed sources said yesterday. The said the European Economic Community (EEC), which acts as oneAP; UPI - 240 words
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Article155 1976-11-12 2 Reuter LONDON, Thurs. British manufacturers have asked the Department of Trade to investigate an influx of cotton shirts from India which have avoided quota limits as cottage Industry products. The British Shirt Manufacturers' Federation believes the cloth for the shirts is weaved on power loomsReuter - 155 words
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Article173 1976-11-12 2 AP SEOUL, Thurs. South Korea broke ground today for the conatruction of a US$lB3 million <Ss44B million) copper refinery at Onaan on the east coast, close to the Ulaan industrial centre. Onsan Copper Refinery Co., owned by the state-run Korea Development Bank and three local private firms,AP - 173 words
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700 1976-11-12 2 FT LONDON, Thurs. Mere mention of the Far East Is liable to bring a shudder to most textile manufacturers In Britain, but evidently not Tootal. For the Manchester-based group with sales last year of £257 million (Ssl billion), mostly in textiles, hasFT - 700 words
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371 1976-11-12 2 AP WASHINGTON, Thurs. Mr. George Meany, president of the Nationwide Labour Confederation AFLCIO, says American labour leaders are willing to discuss voluntary wageprice guidelines if proposed by President-elect Jimmy Carter, but he remains adamantly opposed to mandatory controls. At a news conference, the 82-year-oldAP - 371 words
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Article334 1976-11-12 2 AP UPI BRUSSELS, Thurs. The United States and the European Common Market concluded Initial negotiations yesterday for continued access by European trawlers to American waters after Washington puts a 320-km fishing limit into effect on March 1. Officials said the negotiations were designed toAP; UPI - 334 words
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623 1976-11-12 3 PARIS, Thurm. Reuter THE Organisation of Economic Co-operation and Development, whose members include most of the industrialised world, has lowered all Its forecasts for the Western world economic growth throughout the next 15 months. The current round of OECD forecasting has reducedReuter - 623 words
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628 1976-11-12 3 WASHINGTON, Thurs. AP AMERICAN farmers have almost finished harvesting a record 1976 corn crop of 6.06 billion bushels, grain which will add to the world's slowly recovering food supplies, the US Agriculture Department reports. The department's crop reporting board said corn prospects haveAP - 628 words
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Article174 1976-11-12 3 Reuter PARIS, Thurs. To add to the difficulties it already faces from striking unions and the communist and leftwing opposition in Parliament, the French Government now faces an unusual threat from its own supporters over the question of the proper role of gold in the internationalReuter - 174 words
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481 1976-11-12 3 A SECOND major development boom for Oman, the oilrich state la West Asia, is being sounded after the first was quelled following an over-commitment in development projects last year. This is the report of Australia's Trade Commissioner in Bahrain, Mr. PA. King, in481 words
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174 1976-11-12 3 Reuter JOHANNESBURG, Thurs. Gold sales by the Soviet Union this year of about 170 tonnes were not a bearish factor on the sold market and even If It sens twice that amount next year It will not disrupt the market, Swiss Bank Corp seniorReuter - 174 words
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198 1976-11-12 3 Reuter TOKYO, Thurs. Net foreign investment in Japanese bonds during October reached an estimated US$lOO million (552.4 million), as foreign governments and central banks continued to buy Japanese bonds in the market and through the Bank of Japan to diversify their externalReuter - 198 words
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Article136 1976-11-12 3 Reuter TOKYO, Thurs. Bank of Japan governor Telichlro Morinaga said he Is opposed to the income tax cut proposed by some ministers at a Cabinet Council of Economic Ministers on Tuesday, because he feared It might cause a resurgence of inflation. He told newsmen the proposalReuter - 136 words
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301 1976-11-12 3 Reuter MANILA, Thurs. Brazil will buy two million tonnes of Philippine copper concentrate over the next 10 years for around US$5OO million, Philippines President Ferdinand Marcos said. The decision has taken during discussions aboard the presidential yacht between Mr. Marcos andReuter - 301 words
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Article, Illustration638 1976-11-12 3 GRAHAM EARNSHAW - By GRAHAM EARNSHAW Reuter THE Hongkong Government Is drastically expanding Its public housing programme with the aim of providing new homes for over 200,000 people every year. Already almost half of the 4.5 million people In this British colony live In subsidised flats builtReuter - 638 words
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Page 2 Advertisements
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Advertisement251 1976-11-12 2 :s Z4 nothing JL ri Asia FORTUNE is essential reading for 615,000 of the world's most influential executives. Each month, FORTUNE explores the future, offering look-ahead information on economic trends, corporate strategy, multinational business, management methods, the outlook for investments, and the new technology. To subscribe to 18 issues of251 words
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Page 2 Miscellaneous
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Miscellaneous56 1976-11-12 2 BriStoW: Fracjc Drckescs Pv CALPiD my Cftftßir BeTreß This c#^ I LOOK PiT Tms 1 STePvK. I lou COULD ISOLC vjouß svAoes A io»Tn rT p*Re Tv-\ese SO&GV, Limp, G(?CP\SY things supposed to Be cmiPS I Yv»K' —05 <S j IQW StGM 1 Guess WHO'S BOLN To foe wi S56 words
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Miscellaneous269 1976-11-12 2 RADIO SINGAPORE 5 3.00 P.M. Opening Announcements followed by Housewives' Matinee "Gone with the Tide" (r) Pt. 2 of a Mandarin film with superimposed English subtitles 0 3.50 Diary of Events (Chinese) 3.55 Window (Chinese) (r) 4.25 Intermission 6.10 P.M. Opening Announcements followed by The Enchanted House* 630 News in269 words
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Page 3 Advertisements
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Advertisement78 1976-11-12 3 <r.rs P <1 i >« A 4 < ►:< i c. < G 4 I Exotic cuisine passionately recommended Prawn musalla Selected fresh prawns cooked with subtle spices, onions, paprika juice and sauce Tubarine. Araby Choice cuts from tender lamb cooked with spinach, ginger sauce and green spices from the78 words
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Advertisement292 1976-11-12 3 •X* d Hi mt Ifc [A SIME Skr i kUi Ay -as r~'■W i J T f* •V. 4 i fir L- 1 I M »k®Z Mr «n tf. f Si T 3L V fr— T~~f~JL Mf»a* *i Save time and money with Kwikstage Scaffolding! Read how the Singapore Maritime292 words
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COMPANY NEWS
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Article295 1976-11-12 4 Current Ex Date Total for Total for payment Date payable the year previous year Sel. Coconut 10% Oct. 21 Nov. 12 15 15% Sthn. Kinta 50% Oct. 7 Nov. 16 75% 69% U.O.B. 5%+ Nov. 1 Nov. 16 5%+ 12.5% Eaao Ortl. 5%TE+ Oct. 13 Nov. 17 4%TE+295 words
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COMPANY MEETINGS
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Article21 1976-11-12 4 THE following company meetings are due: Nov. 12, 11 a.m.. Registered Office, No. 50 Jalan Ampang, Kuala Lumpur.21 words
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19 1976-11-12 4 Nov. 15, 10.30 a.m.. at the E O Hotel. Leboh Farquhar, Penang.19 words
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Article19 1976-11-12 4 Nov. 15, 3 p.m., at the Johore Bahru Rest House, Jalan Sungel Chat, Johore Bahru.19 words
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Article16 1976-11-12 4 Nov. 16, 3 p.m. 2nd Floor, Bangunan G.G.1., 68 Jalan Ampang, Kuala Lumpur.16 words
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19 1976-11-12 4 Nov. 17, 12 noon. Registered Office, 7th Floor, Grand Building, Phillip Street. Singapore 1.19 words
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Article17 1976-11-12 4 Nov. 17, 12 noon, at the Regent of Kuala Lumpur, Jalan Imbi, Kuala Lumpur.17 words
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Article15 1976-11-12 4 Nov. 18, 12 noon, at the Kuala Lumpur Hilton Hotel, Kuala Lumpur.15 words
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Article19 1976-11-12 4 Nov. 19, 12 noon, at the United Nations Room, The Regent of Kuala Lumpur Hotel.19 words
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1673 1976-11-12 4 ARTHUR NG - By ARTHUR NG THE tourists may keep on coming Into Singapore, but paradoxically the majority of the locally listed hotel companies are not able to get much mileage out of this development, as evident from their poor showing over the years.1,673 words
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Article859 1976-11-12 4 THE LYONS-FORTE DEAL Financial Times LONDON, Thurs. the acquisition of Britain's third largest hotel chain by the country's number one chain has caused something of a stir. It is hardly a secret that Lyons' need for cash has meant that some attractive assets wereFinancial Times - 859 words
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Article999 1976-11-12 4 On November 10 CHICAGO Board Options Exchange prices fell as losing contracts outnumbered gainers 329 to 130 on Wednesday. Volume was 89,778 contracts, up from 79,733 contracts on Tuesday. OPTION JAN APL JLY STOCK Alcoa 45 7 1/4 NOL NOL 51 3/4 Alcoa SO 31/4 UNTRD UNTRD999 words
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Page 4 Advertisements
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Advertisement474 1976-11-12 4 .The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to the meeting,474 words
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INTERNATIONAL COMPANY NEWS
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Article180 1976-11-12 5 NEW YORK, WED After chalking up a 37.3 per cent Jump in the first nine months, the profit increase at Bendix slowed down considerably in the last quarter with earnings showing a rise of only 15.4 per cent to U5525.46 million ($22.05 million). However, it was180 words
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Article233 1976-11-12 5 NEW YORK, Thurs. In line wr.h expectations, American Motors suffered a heavy net loss of US$5l.l million .in the fourth quarter ended Sept 30, 1976, compared with a profit of $15.7 million last time. This led to a loss of $46.3 million for the whole233 words
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Article148 1976-11-12 5 Reuter LONDON, Thurs. Fairchild Camera and Instrument International Finance plans to offer a US$2O million 15-year convertible Eurobond shortly, bond market sources here .said. The coupon is expected to be between 5 1/2 and 5 3/4 per cent. The bond conversion premium into the common stock ofReuter - 148 words
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Article130 1976-11-12 5 Reuter TOKYO, Thurs. Mitsubishi Heavy Industries has received a seven billion yen order from the Burmese Government's Paper and Chemical Industries Corp for construction of a paper and pulp making plant at Yeni, about 322 km north of Rangoon. Meanwhile, Mitsubishi Electric Corp said ItReuter - 130 words
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Article144 1976-11-12 5 DETROIT, Thurs. Chrysler Corp said it will close its Hamtramck, Mich., plant the week of Nov 29 and its St. Louis. Mo., assembly plant the week ot Dec 6. The company said it was changing its production schedules to reduce inventories. Both plants assemble Plymouth Volare and Dodge144 words
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Article123 1976-11-12 5 LONDON, Thurs A big reduction in underwriting losses and a hefty jump in investment income has raised estimated pre-ta v profit of General Accident Fire and Life Assurance by nearly three times to £27.4 million (£lO.l million) for the first nine months ended Sept 30, 1976. However,123 words
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Article62 1976-11-12 5 TOKYO, Thurs. Despite a 55 per cent increase in gross sales, Nippon Light Metal has suffered a bigger net loss In the first six months ended Sept 30, 1976 Net loss for the first halfyear amounted to 6.64 billion yen compared with a loss of 5.27 billion62 words
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Briefly
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Article110 1976-11-12 5 NEW YORK, Thurs Norton Simon expects sales and earnings in fiscal 1977 to surpass year ago record levels, its chairman and president, Mr. David Mahoney told the annual meeting. He said earnings for fiscal 1977 (June 30) should have another solid advance over fiscal 1976 earnings of US$2.O2110 words
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Article82 1976-11-12 5 LONDON. Thurs. Recommended cash offers made on behalf of Wormald International Holdings (UK) for the whole of the Issued share capital of Mather and Piatt have been accepted by holders of over 91 per cent of the ordinary and over 82 per cent of the preference shares, Morgan Grenfell82 words
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Article66 1976-11-12 5 TOKYO, Thurs With an increase of eight per cent in sales, Nippon Express has made an after-tax profit of 1.98 billion yen for the first half-year ended Sept 30, 1976. This compares with an after-tax profit of 1.67 billion in the previous period. Gross sales rose to 254.1266 words
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Article109 1976-11-12 5 SYDNEY. Wed. Net profit at Bridge Oil rose by 45.4 per cent to A 5855.000 ($588,000) on revenue down from $1.39 million to $1.29 million for the year ended June 30, 1976. However, below the line after extraordinary items and minorities, the profit is turned into a loss109 words
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Article71 1976-11-12 5 SYDNEY, Thurs Net profit at Tooth and Co., rose to A 54.61 million for the 24 weeks ended Sept 18, 1976 from $4.05 million lyThe company says the profit exclude a surplus on disposal of fixed assets of $750,000 and was achieved on the back of marginal decline in71 words
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Article86 1976-11-12 5 NEW YORK, Thurs. After putting up an indifferent performance in the first half-year, Loews achieved a 75.7 per cent jump in third quarter net profit to U5532.77 million ($18.65 million). This Increased the net profit for the nine months by 26.4 per cent to $72.9 million ($57.69 million) on86 words
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Article61 1976-11-12 5 NEW YORK, Thurs. First quarter net profit at Quaker Oats came to US$25 million (524.3 million) on sales of $394.1 million ($385.7 million). Earnings per share were $1.14 ($1.11). The 1975 profit Includes gain of 11 cents a share from change in accounting for inventory valuation on a61 words
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Article45 1976-11-12 5 TOKYO, Thurs. Dai' El Inc said it proposed a business tie up with the Jujiya department store chain, in which It has about a four per cent Interest. Dai' Ei said it hopes to receive clothing marketing and store management knowhow from Jujiya.45 words
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Article48 1976-11-12 5 NEW YORK, Thurs. CBS has increased the quarterly dividend to 50 US cents from 41'/»cents, payable on Dec 10 to shareholders on record on Nov 26. Also, CBS said, its board authorised the open-market purchase of up to 250,000 of its common shares for its benefit plans.48 words
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Article57 1976-11-12 5 TOKYO, Thurs For the first six months ended Sept 30, 1976 after-tax profit at Nisshin Steel has shot up to 1.11 billion yen from 138 million yen previously. The buoyant earnings were made on gross sales of 143.12 billion yen compared with 110.88 billion last time. Nisshin Steel is57 words
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Article51 1976-11-12 5 LONDON, Thurs. Hill Samuel Group has raised the interim dividend for the year ending March 31, 1977 to 1.5p from 1.365p last time. The company said profits, before taking account of favourable exchange differences and extraordinary profits, are slightly lower than those of the corresponding period of last51 words
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Article62 1976-11-12 5 TOKYO, Thurs. Toho Rayon has achieved a significant turnround in the first half-year ended Sept 30, 1976. It made after-tax profit of 304 million yen compared with a loss of eight million yen previously. Gross sales rose to 33.84 billion yen from 30.06 billion last time. The company62 words
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Article50 1976-11-12 5 TOKYO, Thurs. Mitsui Mining and Smelting has reported that after-tax profits advanced to 1.05 billion yen for the first halfyear ended Sept 30, 1976 from 323 million yen previously. The big Increase in profit was gained on gross sales of 107.57 billion yen compared with 78.75 billion last time.50 words
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Article43 1976-11-12 5 TOKYO, Thurs. Mitsubishi Metal has managed to reduce net loss to 914 million yen for the first halfyear ended Sept 30, 1976 from 6.93 billion yen previously. The improved performance was achieved on higher gross sales of 115.36 billion yen (88.21 billion).43 words
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Article86 1976-11-12 5 PERTH. Thurs. Goldsworthy Mining said It shipped 1.7 million wet tonnes of iron ore in the Septembtr quarter (2.1 million In 1975 quarter), bringing shipments for the year-ended Sept 30 to 7.Q million wet tonnes (8.3 million). Partners in the Mt. Goldsworthy project and Japanese steel millers are continuing86 words
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Article39 1976-11-12 5 LONDON Thurs. British Petroleum said drilling has started on its fourth platform in the North Sea Forties field. Oil is expected to flow from the platform in spring 1977. Current Forties field output is 330,000 barrels per day.39 words
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Article78 1976-11-12 5 TOKYO. Thurs Mitsui Seiki Kogyo said it signed an 800 million yen contract with Poland's Metal Export Corporation for the export of nine machining centre (automated machine tool) sets for shipment early next year. The deal will be followed by further exports of 33 sets worth four billion yen78 words
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Article65 1976-11-12 5 TOKYO, Thurs After-tax profit at Kanegafushi Chemical Industry Jumped sharpely to 613 million yen for the first six months ended Sept 30, 1976 from 22 million yen previously. The tremendous jump came on the back of gross sales of 61.56 billion yen (49.94 billion). In view of the sparkling65 words
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Article44 1976-11-12 5 TORONTO, Wed. BP Canada has reported net profit of C 519.3 million ($23 million), or 92 cents ($1.09) a share, on revenue of $402 million ($356.5 million) for the first nine months of this year. The comparative 1975 figures have been restated.44 words
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Article84 1976-11-12 5 SYDNEY. Thurs Southern Pacific Petroleum announced a new gas show at the Reggente N0.2 well in Italy. The company said two intervals tested (1.509 to 1,515 metres and 1,459 to 1.492 metres) flowed gas at rates of 2.2 and 1.05 million cu ft per day respectively. The flow84 words
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Article180 1976-11-12 5 ZURICH, Thurs Union Bank of Switzerland Is to make a rights issue of one-for-ten and will increase its capital stock from 850 million Swiss francs to 950 million Swiss francs. The bank says it will issue 170,000 new bearer shares of 500 francs each and 150,000 new180 words
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1104 1976-11-12 5 THOMAS MULLANY - By THOMAS MULLANY NYT ABOUT five weeks ago, Mr George Weissman, vice chairman of Philip Morris, left New York on a Pan American nonstop flight to Tokyo to join two other high officials of the large tobacco company to prepare for their suddenly arrangedNYT - 1,104 words
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Article237 1976-11-12 5 Reuter NEW YORK, Thurs. Reporting a buoyant third quarter. International Telephone and Telegraph has raised Its quarterly dividend to 44 US cents from 40 cents. Third quarter net profit rose by 30.3 per cent to US$lO6.B million ($81.96 million) despite a marginal fall In sales fromReuter - 237 words
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Article121 1976-11-12 5 Hill Knowlton billings NEW YORK. Thurs. Hill and Knowlton has reported that billings for services increased 11.3 per cent to US$l6.7 million for the year ended June 30, 1976. The figure Included fees earned by Gardner, Jones of Chicago, which was acquired In December 1975. Overseas billings accounted for about121 words
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726 1976-11-12 5 NYT NEW YORK, Thurs. United States Steel Corp. stock, a big favourite in Wall Street earlier this year, has dropped to within a few points of its split-adjusted 1976 low as a pause In the economy has dashed hopes for a capital-spending boom. OnNYT - 726 words
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Article67 1976-11-12 5 LONDON. Thurs. Mr. Victor Prall, Citibank representative on the board of Grindlays bank and chief executive of group administration, denied rumours of an approach for Grindlays by Lloyds bank which is a major shareholder in Grindlays Holdings. "I have never heard of such an Intention," he said.67 words
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Page 5 Advertisements
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Advertisement235 1976-11-12 5 NKR k tcii -THE NAME IN REFRIGERATION AND STEEL EQUIPMENT jj FABRICATIONS jfiA Vmll I ■ikl k r i K M Kt I, lih it! M v f M I. II 4 f A I II Va M #1 ,i N 1 •i 4 11 4\ *1 1 m •5235 words
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Article2011 1976-11-12 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale +orGr'a div Div c'vr Gr'» y'ld P/E Vol Day fOQO) High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Aetna Alcom Allied Choc Bata Ben2,011 words
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Article1180 1976-11-12 6 810 and offer prlca* 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 Board1,180 words
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Article143 1976-11-12 6 SINGAPORE UNIT TRUST (Manager'* prices for Nov 12) INCOME BOND UNIT (Current prices) INCOME BOND 1 07 1.13 The Saving Fund 0.97 1.02 S pore Pro® Fund 0.81 0 86 S pore Security Fund .1.27 1.34 S'pore Invest Fund ..1.01 1.07 CHARTERED UNIT TRUST (Maaagers' price* for Nov143 words
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Article384 1976-11-12 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/lat Dec 1977 (1.000,000) (101.688 101 78S) S'pore Govt 5 1/2% Taxable Loan No I With A I 1976/Isth Apr 1978 (1.000.000) (101.658 101.755) S'pore Govt 6 3/4% Taxable Loan No I With A I384 words
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Article1142 1976-11-12 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUITRIAU AUM (1.728). Ajinamata (1.878) <1> J- 83 Al«*m (2.128 2.158). XD.1,142 words
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Page 6 Advertisements
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Advertisement110 1976-11-12 6 Professional Examination Courses Institute of Administrative Management Institute of Bankers Inst, of Chartered Secretaries and Administrators Institute of Statisticians London Chamber of Commerce and Industry Business studies courses Economics Commerce Business Finance Industry and Trade Act immediately for examination success write in for a free prospectus. The Director of Studies,110 words
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Article475 1976-11-12 7 THE Stock Exchange of Singapore yesterday plodded through another period of dull trading with prices fenerallv oil the doc line. Right from the bell invertment support was absent. The few buyers around were merely on covering account. Speculativewise, the market was also playing itself to a475 words
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Article495 1976-11-12 7 THE Kuala Lumpur stock market crawled through another session of very quiet trading yesterday as dabblers continued to retreat into the background. At best, conditions could be described as barely steady with volume still on the low side. Turnover was only 609,000 units against 590.000 units495 words
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Article90 1976-11-12 7 Reuter LONDON. Thurs. Imperial Group research director Mr. Herbert Bentley said the company Is about to submit Its final data to the UK Goverment committee Investigating its tobacco substitute, New Smoking Material (NSM). If approved the launching of cigarettes containing NSM will take at least threeReuter - 90 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1226 1976-11-12 7 NEW YORK: Stock price®, virtually unchanged on Wednesday, until early afternoon, fell across a broad front In late trading to move lower for the fourth straight session. Analysts said two new developments were to blame for the selling. The Commerce Department reported October retail sales were little better1,226 words
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Article297 1976-11-12 7 AMSTERDAM: The market ruled mixed on Wednesday, with mostly minor changes, but Unilever was a sole substantial gain In Dutch internationals, dealers said. Philip* finished unchanged and Akso, Hoofoven» and Royal Dutch lost ground. Major gains elsewhere were Delhi, KLM and Heineken, while declines were led by Glmmii, Van297 words
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Article292 1976-11-12 7 ZURICH: The market edged lower on Wednesday lacking new incentive, dealers said. Major banks were Irregular. In flnanclals Bally shares recovered on renewed strong buying Interest after recent selling. Bally Registered firmer sharply. J uveas Bearer posted a small gain In calmer trading. Insurances fluctuated narrowly with a majority292 words
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Article382 1976-11-12 7 JOHANNESBURG: Gold shares remained steady at higher levels on Wednesday as trade slackened, dealers said. Heavyweights gained up to 75 cents, while lightweights were around 15 cents higher. Financial minings firmed towards the close, and elsewhere. De Beers was unchanged at 320. Coppers firmed, platinums were mixed with a382 words
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Article293 1976-11-12 7 FRANKFURT Most shares were slightly higher on Wednesday on some institutional buying. market sources said. AEG lost 0.3 marks and Siemens 1.5 after earlier earning in pre-bourse dealings following news that Siemens will take over AEGs stake in KWU and proposes an unchanged dividend. Mannesmann rose (our marks, banks293 words
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Article156 1976-11-12 7 MILAN: The market closed on Wednesday mixed In quieter dealings. Both Pirelli, Olivetti, Fiat and Finakier gained, while Montediaon, Snia Viacoaa and Anic eased Mediobanca was marginally higher In banks while Aaaicurazioni General! was again lower In depressed Insurances. Baatofi and IFI Privileged were lower In flnancials. Bonds were156 words
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Article423 1976-11-12 7 PARIS: The market was generally higher on Wednesday, despite the lower Wall Street trend, dealers said. The fall In call money to 10 0/16 per cent from 10 11/16 per cent on Tuesday helped boost shares, and Rhone-Poulenc, which said it expects more or less to break even this423 words
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Article171 1976-11-12 7 BRUSSELS: Belgian stocks rose on Wednesday in a technical reaction to earlier (alls In quiet trading as operators covered their books ahead of the forthcoming Armistice Day holiday, dealers said. The next trading day will be next Monday. However, price movements were small Cockerill fell. In foreign stocks UK,171 words
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Article324 1976-11-12 7 TORONTO: The industrial index reflected share price losses on Wednesday for the fourth consecutive session at the close of very light trading on the Toronto market. Gold Issues performed strongly, however, recording a 13polnt rise. Moore Corp, which reported reduced profits, dropped one to 32 3/4. Conaolidated-Bathurat "A" fell324 words
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Article416 1976-11-12 7 HONOKONO: The market closed easier on lack of Interest In very low turnover and featureless trading, on Thursday, dealers said. The Hang Seng Index fell 1.92 points to close at 395.82. They said operators were generally awaiting a positive lead, and fairly heavy trading of Wheelock Marden shares earlier416 words
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Article500 1976-11-12 7 TOKYO: Prices closed mixed on Thursday In reaction to Wall Street's overnight fall, after firming throughout the week, although selective buying continued. dealers said. The Dow Jones average lost 12.02 to close at 4,586.92, with volume 230 million shares. The New Index, however gained 1.22 to lose at 340.06.500 words
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Article441 1976-11-12 7 SYDNEY: Gold and uranium stocks on Thursday, were very firm on the continued rise In the bullion price and on expectations of an announcement later today of the Federal Government's decision on the future of uranium mining and export, dealers said. Queensland Mine* rose 25 cents to A 52.05,441 words
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Article140 1976-11-12 7 MANILA: The market continued lower on Thursday, with turnover diminishing as funds were attracted to the money market by prevailing high rates, dealers said. Mining leaders were slightly easier despite the Improvement in metals prices, and oils were also lower. NOV 11 Pesos Acoje Mining 015 +0 0005 Atlas140 words
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Article80 1976-11-12 7 Asia Fibre 118S Bangkok Bank 231 unch Bangkok Invest 147S unch Bangkok-Metro-politan Bank Bala 333S Berll Jucker 157S -1 Charoong Thai Wire Dumex Duslt Thanl Faber Merlin First Trust Indo-Thal 17 OS unch J And J Ho 144 unch Jalaprathan 70 unch Cement Karnasuta Lee Kwang Mln Metal Box80 words
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Article88 1976-11-12 7 FINANCIAL TIMES INDUSTRIALS Wednesday 302.7 Tuesday 295.8 Week ago 290 3 TIN Wednesday 118.58 Tuesday 117.51 Week ago 118 96 RUBBERS Wednesday 496.35 Tuesday 496.57 Week ago 472.26 OILS Wednesday 359.35 Tuesday 354.39 Week ago 356.33 DOW JONES AV ERAGE INDUSTRIALS Wednesday 924.04 Tuesday 930.77 Week ago 956.53 LONDON88 words
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Page 7 Advertisements
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Advertisement97 1976-11-12 7 CCpiIQC a BRIGHTER FUTURE FOIIIKS LYNCH Enrol now with FEDERAL PUBLICATIONS Home Studies Division for the following FOULKS LYNCH Courses Association of Certified Accountants Institute of Cost and Management Accountants Association of International Accountants Institute of Taxation Institute of Accounting Staff Society of Company and Commercial Accountants Institute of Administrative97 words
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COMMODITY REPORTS AND PRICES
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Article689 1976-11-12 8 THE Singapore rubber market opened slightly firmer following better London advices but fell back latterly on some profit-ta-king. After noon, December eased slightly In the absence of buying support, forwards were thinly traded while turnover remained small. The morning session closed quiet with December RSS one buyers quoted689 words
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Article118 1976-11-12 8 DAILY SSR and SMR prices at noon yesterday: Dec. Jaa. R.A.S. (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (Ml •U per kg) (centi per kg) SSR 20 (1-ton Pallet) 191.00 193.00N 192 00 194 OON SSR 50 (1-ton Pallet) 188 50 190 50N 189 50 191.50N118 words
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Article226 1976-11-12 8 THE Straits tin price In Penang yesterday rose $18.00 to close at $1,230.00 per plcul on an official offering up 33 tonnes to 310 tonnes. In LONDON on Thursday, tin fell about £43 for Cash and £44 for Three Months In both contracts. Dealers said the trend was226 words
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Article26 1976-11-12 8 Rubber: Nov 11. Singapore: Dec. 208.25 (uncli) Malaysia: Dec. 214.25 (up 0.50 ct) Tin: $1,230.00 (up $18.00) Official offering: 310 tonne* (up 33 tonne*)26 words
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Article70 1976-11-12 8 LONDON. Thurs. Lead was mostly £1 per tonne lower. The price shaded reflecting the downturn in copper, although underlying covering support absorbed profit-taking and hedge selling. Three Months traded down to £296. Sales were 1,125 tonnes. On Wednesday afternoon, lead rose by £7 for Cash and £6 for Three70 words
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Article122 1976-11-12 8 THE following Palm CHI prices were quoted In London on Wednesday. The prices are elf Rotterdam and are quoted In US dollars per Ions ton unless otherwise stated Wednesday Prev Malaysian 5* ffa bulk Dec Jan Sumatra 5% Nov Dec Jan Feb Mar Apt Nigerian 5% ffa bulk122 words
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Article249 1976-11-12 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocoa at Oil: Bulk <72 sellers, old drum 577 sellers, new drum <82 sellers. Copra: Mixed (loose) UK/Cont 145 buyers. Pepper: Muntok AST A white fob 100S NLW *325 sellers. Sarawak white f o b. 96% NLW *307*249 words
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Article385 1976-11-12 8 AT U*****.25 for the Wednesday afternoon fixing, the gold price reached levels not seen since the early days of 1976. In Singapore, all eves were on the London delivery basis where there were frequent price fluctuations between $135.00 and $136.25. The market closed at Its high point after seeing385 words
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Article249 1976-11-12 8 LONDON, Thurs. Silver finished 0.2 to 0.5p per troy ounce higher. Prices drifted back from Wednesday's sharply-higher kerb levels under profit taking partly induced by the easier trend in gold and base metals. The decline was from a premarket high of 286.7p down to a ring low of 284.3249 words
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Article76 1976-11-12 8 LONDON, Thurs. Zinc fell by mostly £5 per tonne. Fairly persistent hedge selling took Three Months from a pre-market high of t386 down to t'382.50 in the ring before some short covering on the kerb steadied it to £384. Sales were moderate at 1,850 tonnes. On Wednesday afternoon, zinc76 words
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Article102 1976-11-12 8 CHICAGO, Wed. Soybean futures closed 10)4 to two cents a bushel higher. Shortcoverlng and speculative buying advanced prices on expectations that the USDA would reduce Its soybean crop estimate In the November crop report. Rumours of Soviet soybean buying Interest also resurfaced In the higher market. Soybean oil futures102 words
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Article136 1976-11-12 8 CHICAGO, Wed. Wheat futures closed with prices 1/4 cent a bushel lower to 23/4 cents higher. Evenlng-up ahead of the USDA crop report accounted for a large share of the trade and prices were supported by shortcovering. Strength In soybean futures also stimulated speculative buying. Spread buying of wheat136 words
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Article140 1976-11-12 8 BANGKOK, Thurs. Indicative prices for rice quoted yesterdav were: US dollars per tonne FOB basis Bangkok. Loonzaln: Unchanged, Parboiled: Unchanged, Maize: Unchanged. In HONGKONG yesterday, the market was quiet with prices down 10 cents to $7. The day's turnover totalled 365 tons comprising Thais 112 tons, Kwangtungs 202 tons140 words
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Article140 1976-11-12 8 Reuter BANGKOK, Thurs. Very quiet conditions prevailed In the rice market during the week, with most overseas having completed their requirements, trade sources said. Reunion Island bought 6,000 tonnes cargo rice eight per cent from Thailand. The grain will be delivered next month, butReuter - 140 words
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MONEY AND EXCHANGES
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Article610 1976-11-12 8 STERLING eased from the previous day's high of 554.02 and yesterday's opening level of $4.0050 in a relatively steady market to $3.9955. Dealers said that this was because speculative buying pressure on sterling eased, and only a slight amount of transaction was noted In the Singapore market. Against the610 words
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Article179 1976-11-12 8 Asian rates ASIAN currency deposit interbank rate* u at close on Nov 11. US Dollar* (Spot) Offer Bid 7 dayi "s i/ie 4 15/1# 1 mth s vie 5 i/ie 2 mthi s i/ie 5 vie 3 mth* 5 1/2 5 ve 6 mth* s ivie 9 mth* 5 7/8179 words
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Article45 1976-11-12 8 ■*7.T*T*7 <o» 1** to 3 C Boy offered by d 11: loaiaf Mllu i-Month Trwuurer bill* I- Month 3 1/1 3 3 1V16 3 13/16 Banks bill* 5-Month CD S-Month CD 4 1/10 3 1&/16 4 7/16 4 5/16 Source: National Discounts Co.45 words
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Article128 1976-11-12 8 Euro rates LONDON, Thura Period Eurodollar deposits opened higher following the loss of the Friday dealing technically while shorts were little changed. Early trading was modest, dealers said. Rates held very steady around openings with trading In the middle of quoted ranges making for a firmer undertone In places. Dealers128 words
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Article300 1976-11-12 8 LONDON, Thurs. Sterling moved down moderately at the opening here and In European centres, declining to U551.6285/95 from its 1.6330/40 overnight level. Markets apparently ignored news of the British Government's defeat In Parliament over a dock labour scheme, but was displaying caution ahead of montnfy British trade and retail300 words
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Article225 1976-11-12 8 NEW YORK, Wed. The dollar closed slightly weaker on balance but the Canadian dollar fell sharply, dealers said. The dollar was slightly undermined by forecasts from Washington that the Federal Open Market Committee is likely to ease monetary policy In the next few months to boost the flagging225 words
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Article100 1976-11-12 8 TOKYO, Thurs. The US dollar for overnight delivery closed firmer at 294.60 yen against 294.30 at the opening and overnight. Dealers said the dollar edged higher on limited offering to meet import settlement needs after an Initial decline on small dollar selling by foreign banks. Dollars for immediate delivery100 words
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Article117 1976-11-12 8 HONGKONG, Thurs. The US dollar ended the morning at HK54.7850/70, slightly below Wednesday's close after falling as low as $4.7800/30 in quiet trading, dealers said. Some dealers said there may have been some official intervention to support the US dollar at the mrornlng's lowest level, while others said some117 words
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Article59 1976-11-12 8 Minimum lending rates (in acbc 7 First Chicago 7 7 Citibank 7 Bangkok Bank .7* HKSBC .7% Bank of America ..7 Indosuez ..7 Bank of China... .7* Malayan Banking ..7 Bank of Tokyo 7 Mltiui Bank 7 Bank Negara TmtonnaU OCBC .6% IV, OUB 7 Chartered Bank UCB .7* Chase59 words
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Article39 1976-11-12 8 ZURICH exchanges quoted on Nov 10: US 2.4375-4385 UK 3.9760-9805 Can 2.5005-5025 W'Germ 100.98-101.07 Neth 96.45-54 France 48.96-49.01 Belg 6.57/57-3/4 Denm 41.24-28 Norw 46.13-17 Swed 57.60-65 Italy 0.2816-2821 Austria 14.22-24 Port 7.75-77 Spain 3.57-57-1/2 Arg 1.25-2.25 Japan 0.82-3/4-83-1/439 words
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Article50 1976-11-12 8 AUSTRALIA/NZ exchanges quoted on Nov 11: Australia: Sterling 0.7595/0.7517 US dollar 1.2353/1.2303 Ninety day air mall buying rates: Sterling 0.7949, US dollars 1.2633 Ninety day forward buying rates: Sterling 0.7614, US dollars 1.2142 New Zealand: Sterling 0.5910/0.5875 US dollar 0.9699/0.9599 Ninety day forward rate: Sterling 0.6354, US dollar 0.988650 words
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Article32 1976-11-12 8 FRANKFURT exchanges quoted on Nov 11: US 2.4125/40 (2.4130/40) Can 2.3600/10 UK 3.925/940 Neth 95.55/60 Swltz 98.91/99 Italy 2.783/793 France 48.45/49 Norw 45.68/70 Belg Con 6.495/510 Belg Fin 6.455/470 Japan 0.8190/821032 words
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Article308 1976-11-12 8 LONDON. Thurs. Eurobonds tended generally easier where changed in quiet trading, dealers said. US bonds were little changed to a fraction easier in low turnover while among mixed mark issues. Petroleos Mexlcanos (Pfmex) 100 million deutschmark 8-3/4 per cent bond due 1983 and priced at par held its308 words
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Article258 1976-11-12 8 LONDON, Thurs. Copper wirebars eased £0.50 per tonne for Cash and £5.50 for Three Months. Dealers said prices fell back on the pre-market from Wednesday's late higher kerb under profittaking and liquidation prompted by lack of followthrough in New York and easier gold this morning. Three Months traded from258 words
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Article144 1976-11-12 8 LONDON, Thurs. Robusta futures closed the morning call officially easier £17 to £2 up from Wednesday's close with 256 lots traded. Traders said Initial commission house buying following on from firmer New York 'C' contract closing levels lifted prices initially. But as sellers emerged, prices declined to settle at144 words
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Article204 1976-11-12 8 LONDON, Thurs. Sugar futures opened £3.65 to t'0.50 up on Wednesday's close. Sales totalled 630 lots. Dealers said trade and local buying and covering in the near months found sellers initially rather reserved. They felt this reflected reports that a French sugar house estimates the E.E.C.'s exportable surplus for204 words
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Advertisement159 1976-11-12 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia. Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei, Sarawak, Sabah Australasia/Pacific (excluding Hawaii)159 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1117 1976-11-12 9 ONE thing which became clear at this week's lATA meeting was that, whatever aircraft manufacturers and flag-waving governments may say, the world's airlines have no wish for new types of aeroplane. They need to replace their fleets, certainly, but financial pressures will push them towardsOFNS - 1,117 words
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544 1976-11-12 9 KUALA LUMPUR. Thurs Malaysia has been placed Bth among Commonwealth countries in terms of total steamship and motorship gross tonnage this year by the Lloyd's Register of Shipping Statistical Tables 1976. Internationally. Malaysia occupies 52nd position among 146 nations and territories appearing on the544 words
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175 1976-11-12 9 KLANG. Thurs. Wharves eight and nine in Port Klang will be closed until Nov. 16 for repairs, according to the Port Klang Authority. It has assured clients that necessary arrangements have been made to •'alleviate any inconvenience." Import facilities will be maintained through175 words
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273 1976-11-12 9 AP LONDON, Thurs. The world's merchant shipping fleets have grown in the last year by 29.84 million tonnes, nearly nine per cent, to a total of 372 million tonnes, and total half again as much as 1971 tonnage. Lloyd's Register reported yesterday. The fleets showing theAP - 273 words
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Article, Illustration482 1976-11-12 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Aklshlma Maru (JEHW) (2300 tide after Tococo Vishva Dharma Berths) 19 Alaskan Mall (1900 after Vega Eugenlusz Kwiatkowskly) 38/39 Caprala (0600 after Sing Tao hauls D/L) 33/34 Flintshire (1800 after Shoko Maru Sails) (Will shift to Gdn. 33/34 for L/L UTM/L after Caprala)482 words
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Article132 1976-11-12 9 Reuter LIVERPOOL, Thurs. Over 3,500 car worker* at Ford's Hale wood assembly plant near here were sent home this morning after a dispute in vol vine one man. The action by the management brought to 5,000 the number of workers sent home inReuter - 132 words
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Article69 1976-11-12 9 MORE THAN 1.000 girls have responded In Singapore to Cathay Pacific Airways' recruitment campaign for air hostesses. Four hundred of them have been shortlisted for interviews to be conducted this week by a panel of five management executives flying here from the airline's Hong69 words
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Article65 1976-11-12 9 AP LOS ANGELES. Thurs A. Carl Kotchlan, former chief executive officer of Lockheed Aircraft Corp., underwent more than four hours of questioning yesterday by three members of an Italian parliamentary committee investigating the aerospace company's payoffs in that country. Mr. Kotchian, who resigned after the disclosure ofAP - 65 words
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Article53 1976-11-12 9 UPI TOKYO. Wed Paced by brisk sales in container service. Japan's six major shipping companies registered record sales in the semi-annual business term ending in September, officials of the firms said yesterday. Total sales of amounted to 826.72 billion yen (U552.75 billion), up 11.3 per cent over aUPI - 53 words
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Article572 1976-11-12 9 ARRIVALS Service Local Operator Number Time From CPA CX003 0145 HKO PAA PA841 0950 SEO/HNL/ GUM JAL JL712 1000 HLP SIA SQ211 1010 HLP OIA GA980 1030 HLP GIA OA908 1100 MES PAL PR501 1115 MNL KLM KL833 1150 AMS/ATH/ KHI/CMB SIA SQ201 1200 HLP SIA SQ240572 words
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Page 9 Advertisements
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Advertisement299 1976-11-12 9 in/IGHT HOUDAVJ The Executive's Travel Agent Suite 102, Cathay Building. Mount Sophia, Singapore 9 Telephone *****2. v AT V We Help feu lo Mind few Own Business rade trade, industry imiUim imamu unman Hiiuum llililiiiii manna radefindustry trader industry I HU tM n ■Mi The Republic's foremost Business Review The299 words
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Article, Illustration1844 1976-11-12 10 SCOTT THORNTON REPORTS FROM BONN Reuter TO THE many nations trying vainly to balance their brooks. West Germany seems an economic paradise. It has kept down inflation, its currency is the strongest in the world, its people appear generally contented and affluent, and itReuter - 1,844 words
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Article, Illustration703 1976-11-12 10 CRAIG WHITNEY - By CRAIG WHITNEY NYT A SEVERE drought this year has led to a catastrophic East German grain harvest and the threat of food shortages, adding to the country's economic problems. The fall mists are already rolling over the hillsNYT - 703 words
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559 1976-11-12 10 MALCOLM BROWN - By MALCOLM BROWN NYT "I GET the talent I needi because I can pay for it", the communist industrialist said, thumping his imposing desk. "Headhunting is just one of our practices that might seem familiar in the west, and we do itNYT - 559 words
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Article759 1976-11-12 10 BARRY WHELLER - AUSTRALIA GETS READY TO ENTER THE NUCLEAR AGE By BARRY WHELLER Reuter A GOVERNMENT appointed commission here has mapped a whole new course for the Australian economy. The country appears ready to launch itself into the nuclear age as a purveyor of uranium, the prized nuclear fuelReuter - 759 words
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Page 10 Advertisements
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Advertisement255 1976-11-12 10 APPOINTMENTS iTii i fi\n An established Company in Jurong is looking for a hardworking and energetic Manager within the age group of 30 45 years. He must have several years' experience in Marketing/Wholesaling. He should have wide exposure to the meat market including import and export and have contacts with255 words
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Advertisement155 1976-11-12 10 NOTICES Y/y m m BANKOF AMERICA Jurong Branch announce a change of telephone number from *****0 to *****(1 (15 lines) effective Monday 15th November 1976. Any inconvenience caused is regretted. ►>V New Rot Top Steel Dumb Barge for Sole/Hire Dim I) 88' x 24' x 6' 2) 100' x 3ff155 words
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Page 11 Advertisements
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Advertisement1061 1976-11-12 11 The Liberty Bowl To mark the United States Bicentennial Year, Business Times is making a very special offer of a solid copy of the original Liberty Bowl made by Paul Revere of Boston. Louis Heren, foreign editor of The Times, London, tells the story: A silversmith's hammer blows for freedom1,061 words
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316 1976-11-12 12 IPOH, Thurs. Perak Is preparing to switch from being an agricultural and mining state Into an industrial state. Mentrl Besar, Tan Sri Hajl Ohazall Jawl, said in Berlta Perak the State Government's bulletin that there was a shortage of land tor agriculture and316 words
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187 1976-11-12 12 Reuter CANBERRA, Thurs. Prime Minister Malcolm Fraser's Government today gave the green light for the export of limited quantities of Australia's vast uranium reserves to fuel electric power plants In the United States, Japan and West Germany. The Government moved to clear the way forReuter - 187 words
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119 1976-11-12 12 Reuter MANILA, Thurs. Sri Lanka Prime Minister Slrlmavo Bandaranalke today welcomed a call by Philippines President Marcos for the formation of an Asian forum where nations could discuss mutual problems. Her position was stated in a joint communique signed by the two leadersReuter - 119 words
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Article823 1976-11-12 12 LONDON, Thurs. The fall In sterling and uneasiness about UK's October trade figures due tomorrow made for an easier trend Initially. Falls were later extended on rumours of a possible dock strike but a denial by a union leader saw equities come off the bottom. Government bonds, however,823 words
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Article, Illustration127 1976-11-12 12 Reuter KUCHING, Thurs. Sarawak State Chief Minister Datuk Abdul Rahman Yakub today named former Opposition leader Datuk Dunstan Endawie (above) as his Deputy Chief Minister and Minister for Local Government. Datuk Leo Moggie, secre-tary-general of the Sarawak National Party (Snap), which joined the country's ruling coalitionReuter - 127 words
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Article127 1976-11-12 12 A YEAR Book, aimed at providing senior insurance professionals worldwide with a comprehensive view of the industry and a ready reference guide to its component parts, has been published by the Financial Time*. The first edition of the Financial Times World Insurance Year Book 1976/77127 words
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Article73 1976-11-12 12 THE 1976 International Award for Industry has been won by Snamprogettl, and ENI group company, engaged In design and construction of large complexes and Infrastructures. The award presented by the Instltut International de Promotion et de Prestige of Geneva, was "in recognition of Its contribution to the73 words
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Article64 1976-11-12 12 THE largest Britishdesigned turblne-gene-rator to go on load anywhere in the world has been synchronised at the new Bruce nuclear power station In Canada. It is an 800MW Parsons generator, the first of four being supplied by the Reyrolle Parsons group in conjunction with their Canadian associates.64 words
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Article23 1976-11-12 12 GREAT Eastern Life Assurance is an associated company of OverseaChinese Banking Corporation and not a subsidiary as stated In yesterday's report.23 words
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505 1976-11-12 12 THE severe inflation in Saudi Arabia today, has not so much been caused by a rapid expansion in the money supply, but more by the phenomenal growth In real Income, brought about by ever-increasing oil prices and the country's inability to cope with the505 words
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463 1976-11-12 12 Reuter A FIVE-DAY meeting of experts of the Association of Natural Rubber Producing Countries (ANRPC) starts in Kuala Lumpur today to draw up a proposal on relations between the ANRPC's rubber price stabilisation scheme and proposed Unctad commodity price stabilisation measures, ANRPC officials said. AccordingReuter - 463 words
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344 1976-11-12 12 AP Reuter ROME, Thurs. Premier Glullo Andreotti put Italy's minimum additional need, exclusive of foreign loans,at 2 trillion lire (555.88 billion) and said the money would be raised by taxing private firms and the self-empolyed on their anticipated earnings before they fileAP; Reuter - 344 words
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197 1976-11-12 12 TAIPEH, Thurs. Taiwan Is planning a series of steps to trim Its growing trade deficit with Japan, which shot up to US$49B million (SSI.2 billion) in the first six months of this year, the Central News Agency reported today. The agency quoted Mr.197 words
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350 1976-11-12 12 Reuter LONDON, Thurs. The US$llO million (Ss27o million) Eurocurrency loan advanced to South Africa by a group of international banks will automatically be backed by the country's gold If South Africa enters into any gold-collatera-lised financing operations in the future, London bankers said. AReuter - 350 words
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Article228 1976-11-12 12 Reuter KUALA LUMPUR, Thurs. The South-east Asian Lumber Producers' Association (Soalpa) should play a bigger role in obtaining fairer freight rates and shipping terms for member countries to protect their lumber exports from rising freight rates, Malaysian Deputy Primary Industries Minister Paul Leong said.Reuter - 228 words
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186 1976-11-12 12 KUALA LUMPUR, Thurs. Mara Is to Introduce the "supervised credit" scheme to bumlputra businessmen to ensure maximum benefits to the borrowers, Public Enterprises Minister Datuk Hajl Mohamed Yaacob told a press conference here today. He said under this new system certain projects186 words
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629 1976-11-12 12 CO-OPERATIVES aTe an essential instrument In the developing world (or the economic improvement of working people and (or reducing the widening Income gap between the rich and the poor, according to Professor T.H. Elliot of the NTUC, In the Registry of Co-operative629 words
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179 1976-11-12 12 MR. Rldzwan Dzafir, director of the Department of Trade, said yesterday that Singapore's exports for the first nine months of the year had risen to $11,688 million compared to $9,198 last year, an increase of more than 27 per cent. Speaking at the opening179 words
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Article155 1976-11-12 12 AP MANILA, Thurs. The Asian Development Bank said today its board of directors has approved reducing the standard annual Interest rate on loans from the bank's ordinary capital resources from 9.1 per cent to 8.9 per cent. The Manila-based bank said the lending rateAP - 155 words
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Article90 1976-11-12 12 KUALA LUMPUR, Thurs. Pre-tax Droflts for the year ended June 30, 1976 at Mineral Securities Malaysia were reduced by 46 per cent to M 5517,340. The directors are recommending a final dividend payment of 7V4 per cent which together with an In- terim of five per90 words
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Article37 1976-11-12 12 UPI TOKYO. Thurs. Ishtka-wajima-Harima Heavy In dustries (IHI) has received a 20.1 billion yen (about S$ 167 million) order for construction of a cement plant from the United Arab Emirates, IHI officials said yesterday. UPI.UPI - 37 words
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Article199 1976-11-12 12 AN AMERICAN shipbroking company. La bash Inc. and six Norwegian companies have filed a suit against a local company, Norse Shipping, for US$417,125.45 (about SSI,026,128.61) for an alleged breach of contract. According to the writ of summons, Norse Shipping was alleged to have failed to pay the commissions due199 words
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Article26 1976-11-12 12 UPI ATHENS, Thurs. Greek Premier Constantlne Caramanlls will pay an official visit to Pakistan next month, a government spokesman said yesterday.UPI - 26 words
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