The Business Times, 13 November 1976
1976-11-13
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The Business Times
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Title Section10 1976-11-13 1 BUSINESS TIMES M.C.(F) 1455/76 SATURDAY, NOVEMBER 13, 1976 50 CENTS10 words
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NEWS SUMMARY
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Article84 1976-11-13 1 Reuter MANILA, Fri. Japan and the Unjted States, the biggest capital subscribers in the Asian Development Bank will hold U551,417 million (553,472 million) each of stock by 1978 if the institution's agreed 135 per cent overall increase in capitalisation is carried through, according to figures provided byReuter - 84 words
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Article79 1976-11-13 1 UPI HONGKONG, Fri. Mr. Teng Hsiao-ping, ousted last April in a Peking power struggle, "probably" played an active role in the purge of Mao Tsetung's widow and three other radical rivals last month, diplomatic sources said today. The sources, who specialise in Chinese affairs, also saidUPI - 79 words
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Article77 1976-11-13 1 UPI TOKYO, Fri. Corporate income declared by 1.388,000 Japanese firms in the 1975 business year ending June 30 showed a sharp decline compared with the preceding year, the Tax Administration Agency reported yesterday. The agency said declared income totalled 12.39 trillion yen (*****.2 billion) down 18.2 perUPI - 77 words
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Article53 1976-11-13 1 AP GENEVA, Fri. A spokesman for the black nationalist "Patriotic Front" announced today that his delegation will call for an adjournment of the Geneva talks on Rhodesia tomorrow unless "timid" British organisers back down on the issue of a firm date for transfer of power to theAP - 53 words
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Article45 1976-11-13 1 Reuter LONDON, Fri. Britain's annual inflation rate had edged upwards for the third month in succession and is now 14.7 per cent, it was announced. A month ago, inflation as measured over the previous 12 months, stood at 14.3 per cent.Reuter - 45 words
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Article54 1976-11-13 1 Reuter TOKYO, Fri. Japanese ambassadors stationed in Asean countries will meet in Bangkok, from Nov 25 for a three-day conference, the Foreign Ministry said today. The Japanese envoys will discuss assistance for regional development in the Asean group and the proposed establishment of forums for dialogues betweenReuter - 54 words
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Article64 1976-11-13 1 UPI TOKYO, Fri. Japan and the United States cut short their fishery talks in Tokyo today without reaching agreement and decided to meet again in Washington next month, Government sources reported. The sources in the Foreign Ministry said the two countries remained apart on America's decisionUPI - 64 words
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Article44 1976-11-13 1 UPI NEW YORK, Fri. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 924.95 down 6.48; 20 transp 211.58, down 0.18; 15 utils 98.22, down 0.23; 65 stocks 296.58, down 1.39. UPIUPI - 44 words
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Chief Price Changes
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Article, Illustration180 1976-11-13 1 THE Singapore stock market staged a feeble rally yesterday in light trading. Short-covering ahead of the weekend contributed to the general gains. At the close, the Business Times index rose 2.99 points to 250.30 and the Straits Times Industrial index 0.79 point to 249.28. Rises Most active180 words
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Article107 1976-11-13 1 Rises Most active Mentakab $1.90 .26 Haw Par 86.000 EssoOrd. $1.92 .23 Central Sugars 72,000 Petaling $4.14 .12 Inehcape 54,000 Wearnes $2.70 .07 Pan Electric 45,000 Inchcape Slme Darby Sel Dredge Gentings M. Cables Pan Elect. M. Banking K Sldlm S. Trading Berjuntal Tong Meng $2.30 $3.52107 words
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Article, Illustration620 1976-11-13 1 ONG LECK KEONG - PUZZLE FOR SOME SHAREHOLDERS ■y ONG LECK KEONG MR. J.E. Bywater, chairman of Sime Darby Holdings, yesterday assured shareholders that efforts to get their proxies for the forthcoming annual general meeting in Kuala Lumpur on Friday are Just "routine." He gave this assurance when620 words
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Article180 1976-11-13 1 Reuter CANBERRA, Fri. The New South Wales state dockyard at Newcastle will receive two ship-building orders from the Federal Government if dockyard workers and the NSW Government accept conditions including monetary penalties, Transport Minister Peter Nixon told newsmen. He said the workers and the State GovernmentReuter - 180 words
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Article728 1976-11-13 1 THE interest rate cutting game which started in earnest on Thursday turned into a stampede yesterday with a total of eight banks offering reduced rates, some immediately, some today and others from Monday. The last of yesterday's lot to come rushing out with a728 words
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Article152 1976-11-13 1 LEADERS In commerce and Industry of the five Asean nations will meet In Singapore for the fifth council meeting of the Asean Chambers of Commerce and Industry (Asean-CCI) from Nov. 24 to 26. This follows a second plenary session of the working groups for152 words
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Article31 1976-11-13 1 AP LISBON. Frl. The moderate socialist government, in an effort to rebuild a battered economy, announced today a programme of forced savings affactlng hundreds of thousands of Portuguese. AP.AP - 31 words
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534 1976-11-13 1 Reuter UPI TOKYO, Frl. The Government adopted a seven-point programme to boost the economy, which Minister of International Trade and Industry Toshio Komoto said would ensure attainment of the official real economic growth target of 5.6 per cent In fiscal 1976 ending next March. TheReuter; UPI - 534 words
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124 1976-11-13 1 Reuter BRUSSELS, Fri. Japan has turned down a Common Market request to curb steel exports to countries the EEC oonskiers as its own traditional markets, informed sources said today. This is mm of the main ttems under discussion at talks between Japanese andReuter - 124 words
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298 1976-11-13 1 JAPANESE investment* in Singapore in the form of paid-up capital of 149 Japanese enterprises here totalled $584 million in 1975. This was disclosed in the latest bulletin of the Japanese Trade Centre which reported on Japanese enterprises in the republic. The298 words
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Article281 1976-11-13 1 Kuala Lumpur. Frl. Tan Sri Khoo Teck Puat, the controversial millionaire banker and hotel owner, admitted today that negotiations to buy Malaysia's biggest hotel chain have ended In failure. But he said he was still hoping to make some kind of arrangement which would link281 words
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Article102 1976-11-13 1 UPI BANGKOK, Fri. The Thai Government widened its anti-communist stand today, obliquely criticising China for the first time since the October military takeover. Official media said teaching of the Chinese language will be restricted and tightly controlled in the future. They also printed details ofover-staying touristsUPI - 102 words
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Article92 1976-11-13 1 UNITED Overseas Bank's five-year US$25 million ($6l million) floating rate note with a minimum interest rate of seven per cent has been substantially oversubscribed, according to the managers of the Issue, Credit Suisse White Weld, Morgan Guaranty and Partners and S.G. WarThe signing ceremony takes place today at the92 words
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Article82 1976-11-13 1 RAMBOUILLET (France), Fri. France today backed Britain's efforts to obtain economic aid frpm the International Monetary Fund and Its plans to solve problems plaguing the sterling. French President Valery Glscard d'Estalng announced his full support for— Britain's efforts to resolve its economic crisis at the end of82 words
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Article55 1976-11-13 1 Reuter HONGKONG, Frl. Hutchison International said Mr. P.G.Griffiths has resigned from the board of the company. It said in a statement Mr. Griffiths resigned to avoid any possible conflict of Interests in the talks on possible merger terms between Hutchison and Wheelock Marden, of which he Is deputyReuter - 55 words
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Page 1 Advertisements
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Advertisement63 1976-11-13 1 (est Selt i ted (x'ms Dmmi ds Ji xcjuiute Jewellery it llagmtn ent Lrattsfidh'ihip I IMf CeylctiJewellers IB Stamford Rd„ Sinpeor* 6. Tal: *****8/*****7. INSIDE Market reviews /TV Radio Oversea* news Local Co news Foreign Co news Local slock l Overseas markets P7 P2 i Commodities P8 P3 Transport A63 words
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Advertisement93 1976-11-13 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother93 words
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Advertisement98 1976-11-13 1 Glentiddich %reMaltlVbisky The B~%arOld Scotch. n the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot J stills. Then matured in oaken casks for eight years or more; until it is judged supremely smooth and mellow. Aye, it may cost a little extra. But as you sip, remember98 words
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MARKET REVIEW
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Article563 1976-11-13 2 FOR the better part of this week sentiment ruled weak In lacklustre trading at the Stock Exchange of Singapore. Stop-loss selling and stale-bull liquidation were the main depressants. In the absence of fresh Inducement. Investors were Just unwilling to commit themselves. Speculators were equally wary of buying Into the563 words
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Article461 1976-11-13 2 URANIUM stocks surged forcefully ahead on the Sydney Stock Exchange this week, on expectations that the Government would finally give the green light to uranium mining and development In Australia. But when the longexpected announcement came on Thursday night, the market could not make up Us mind whether it461 words
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Article410 1976-11-13 2 EXCEPT for Friday, interest in the Kuala Lumpur Stock Exchange this week sank to its lowest in months and turnover was practically halved over the five trading days. With various factors dampening sentiment this development was hardly surprising. The biggest dampener Is the prospect of an oil price410 words
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1449 1976-11-13 2 IVAN FALLON - London •y IVAN FALLON LONDON: Last week the Financial Times Index rose no less than 16.4 per cent, Its best week since the great scramble for stock In January 1975. But on Monday, on stories that the Government's borrowing requirement was going to1,449 words
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Article100 1976-11-13 2 Reuter LONDON, Ftl. Kuwait will form a securities committee to prepare for establishment of a stock exchange, and supervise share and bond dealings of Kuwaiti shareholdings companies, the Kuwait Ministry of Commerce and Industry said In a release received here. The committee will be responsibleReuter - 100 words
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395 1976-11-13 2 RONALD LAM - h 11 RONALD LAM OTHER ANNOUNCEMENTS Kulim (Malaysia) Is to acquire from Johore State Economic Development Corporation (JSEDC) 5,575.36 hectares of oil palm land at Ladang Tereh In Johore. The consideration for the acquisition will be the Issue of 23,157,894 Kullm shares395 words
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Page 2 Advertisements
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Advertisement377 1976-11-13 2 He is the new child in a new age. He needs the encyclopaedia for today. Britannica 3. The child of today is more involved. More aware. And must learn 50% more than a child 20 years ago. That's precisely why yesterday's reference works can't really satisfy his needs. He needs377 words
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Page 2 Miscellaneous
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Miscellaneous22 1976-11-13 2 ißriStoW: fVanic DuJaens I ONLV OJgl F\GPi\M Tus ujeetr.. j Nfoo'D M\n< some FfeoPie uovjld HP*V£ BeTreß "TuirJ&s To Do ion»_t Thcjr22 words
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Miscellaneous286 1976-11-13 2 SINGAPORE 5 1.05 P.M. Opening Announcements followed by Sesame Street 2.05 Saturday Matinee "Ballerina" Starring: Violette Verdy, Henri Guisol, Romney Brent (French film, dubbed in English) 3.20 What's My Line 3.45 Soccer Friendly International "Singapore vs Australia" (English) (r) 4.45 Sandiwara A Malay drama entitled "Hati" (r) 5.25 Joe Forrester286 words
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OVERSEAS
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589 1976-11-13 3 Reuter BRUSSELS, Frl. The EEC commission will not allow the grouping of five major European oil companies to turn into a price fixing cartel, informed EEC sources said. The commission's attitude Is basically favourable to a memorandum submitted last September by theReuter - 589 words
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Article, Illustration582 1976-11-13 3 WASHINGTON, Friday NYT FEDERAL energy administrator Frank Zarb is moving to require oil companies to disclose to Washington the major details of their agreements with foreign governments. In a request for comment about to be published, Mr. Zarb disclosedNYT - 582 words
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527 1976-11-13 3 NYT WASHINGTON, Frl. High Ford Administration 11 officials are privately saying 11 they intend to prod the Carter transition teams to take a strong stand against an impending oil producers' increase in oil prices, and members of the Carter campNYT - 527 words
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Article137 1976-11-13 3 UPI VIENNA, Fri. India, Pakistan, Bangladesh and Egypt were named yesterday as the major recipients of direct loans totalling US$2OO million (SS4BO million) from the Organisation of Petroleum Exporting Countries. Closing a two-day meeting, governors of the Opec Special Fund determined details of loan agreementsUPI - 137 words
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Article450 1976-11-13 3 AP TOKYO, Fri. Arab officials and Japanese business leaders held heated discussions on oil prices at a Tokyo seminar yesterday, informed sources reported. The sources said the discussions followed a lecture at the two-day seminar sponsored by the Organisation of Arab Petroleum Exporting Countries (Oapee)AP - 450 words
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Article280 1976-11-13 3 AP NICOSIA, (Cyprus), Fri. Iraq called on the Organisation of Petroleum Exporting Countries yesterday to "tangibly increase" the price of their crude oil to counter inflationary prices of imports from industrialised oil consumer countries. Baghdad Radio, monitored here, said Iraq Oil Minister Tayeh Abdul KarimAP - 280 words
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364 1976-11-13 3 Reuter LONDON, Frl. Crude oil has started to flow from Britain's largest North Sea oil field, The Brent, Shell UK Exploration and Production Ltd said. Loading of the first tanker shipment from the field is expected to take place later this monthReuter - 364 words
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263 1976-11-13 3 Reuter DOHA, Fri. The Qatar Government and Shell of Qatar entered the last stage* of negotiations for the government's complete takeover of the company's operations in the Gulf state, industry- sources said. A negotiating team from Shell Qatar, which produces around 240,000 barrelsReuter - 263 words
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Article, Illustration690 1976-11-13 3 KUALA LUMPUR. Fri. Mr. M.E.J. O'Loughlin, the president of Esso Eastern Inc. the parent company of Exxon Production Malaysia is expected to be flying here before Monday's deadline for foreign oil companies to reach an agreement on production sharing. With690 words
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Page 3 Advertisements
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Advertisement42 1976-11-13 3 FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSV 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, ft THREE UNITS AVAILABLE FOR FURTHER DETAILS WRITE TO: CHUAN HUAT ENGINEERING (PTf.) LTD. 23, TYRWHITT ROAD, SINGAPORE 842 words
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Advertisement232 1976-11-13 3 EVERY PAIR HAND FINISHED TO PERFECTION. BALLY OF SWITZERLAND. Many shoes combine fine, supple leathers. European styling and quality workmanship but few are still hand fimshea to the standard of Bally craftsmen See our large selection I You re just not well-dressed I without them Visit our new branch at232 words
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COMPANY NEWS
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409 1976-11-13 4 A HEAVY group net loss of M 54.15 million was suffered by South Johore Amalgamated Holdings In the year ended March 31, 1976, according to its overdue preliminary accounts released yesterday. Though the company does not say so, It is apparent that409 words
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Article317 1976-11-13 4 MALAYA Glass Factory has declared a maiden first and final dividend of six per cent tax exempt for the year ended July 31, 1976 four years overdue and nine points short of the 15 per cent it promised when it came to the market in317 words
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Article91 1976-11-13 4 UNITED Overseas Bank has adjusted the conversion price of its 6V4 per cent convertible bonds 1988 down from $7.65 to $6.60 per share to take account of Its recent scrip and rights Issues. The conversion price Is effective from Oct 30 and compares with the last sale price91 words
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Article137 1976-11-13 4 RAHMAN Hydraulic Tin has announced the following additional directors Dato Mohd. SaUeh bin Abdul Rahman and Meitri. Lim Huck Aik and Foo Poh Wah. Mr. Fred Khoo Keng Peng has Joined Gulf Oil South Asia as coordinator, Southeast Asia and Autralasla petroleum product movements. Mr. Khoo was137 words
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946 1976-11-13 4 BEN'S shipping ventures failed and contributed largely to the massive net loss of $12.5 million in the year ended Feb 2D, 1976 because the benefits it anticipated did not materialise. The company disclosed this in a reply to queries raised by the Stock Exchange946 words
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COMPANY MEETINGS
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25 1976-11-13 4 THE following company meetings are due: Nov 15, 10.30 a.m., at the E. O. Hotel, Leboh Farquhar, Penang.25 words
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Article19 1976-11-13 4 Nov 15, 3 p.m., at the Johore Bahru Rest House. Jalan Sungei Chat, Johore Bahru.19 words
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Article16 1976-11-13 4 Nov 16, 3 p.m., 2nd Floor, Bangunan 0.G.1., 68 Jalam Ampang, Kuala Lumpur.16 words
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19 1976-11-13 4 Nov. 17, 12 noon. Registered Office, 7th Floor, Grand Building. Phillip Street, Singapore 1.19 words
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Article304 1976-11-13 4 Current Ex Date Total for Total for payment Date payable the year previou* yea Stkn. Kinta 50* Oct. 7 Nov. 16 75* 60* U.O.B. 5*+ No*. 1 Nov. 16 5*+ 12.5* EaaoOrd. 5*TE+ Oct. 13 Nov. 17 4*TE+ 18*TE EaaoPref. J*TE+ Oct. 13 Nov. 17 3*TE+ 10*TE B.M.304 words
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Article232 1976-11-13 4 THE Malayan twins, Southern Malayan Tin Dredging and Malayan Tin Dredging, which are seeking transfer of their domicile from London to Malaysia. have reported mixed fortunes In the year ended June 30, 1976. Pre-tax profits at Southern Malayan rose 46 per cent to £2.72 million232 words
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1074 1976-11-13 4 FT NEW YORK, Frl. Several of the leading U.S. tyre companies have lust reported what in total must amount to their worst quarterly earnings results in memory. Goodyear, the Industry leader with total sales approaching $6bn., reported a third quarter loss of $sm. its firstFT - 1,074 words
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Article525 1976-11-13 4 NYT MANSFIELD, (Mass) Frt. For the last four months, strange machines, looking vaguely like spindly erector sets, have been traversing the southeast corner of Massachusetts on the backs of pickup trucks In search of coal. Coal? Coal. In the 19th century, dozens of coal mines flourishedNYT - 525 words
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Article1104 1976-11-13 4 On November 11 CHICAGO Board Options Exchange prices were higher on Thursday, as advancing contracts outnumbered losers, 330 to 97. Volume was 65,678 contracts compared with Wednesday's 89,778. OPTION JAN APL JLY STOCK Alcoa 45 7 3/8 NOL NOL 513/4 Alcoa 50 31/4 41/4 51/4 51 3/41,104 words
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Page 4 Advertisements
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Advertisement89 1976-11-13 4 A wealth of answers to scientific phenomena LIFE SCIENCE LIBRARY 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 human89 words
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INTERNATIONAL COMPANY NEWS
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Article174 1976-11-13 5 NEW YORK, Frl. With 1976 turning out to be a buoyant year Singer has resumed payment of dividend after a lapse of more than 12 months. It has declared a dividend of 10 US cents on its common stock, payable on Dec 15 to shareholders registered174 words
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Article155 1976-11-13 5 Reuter LONDON, Fri. Australia and New Zealand Banking group and United Dominions Trust said agreement in principle has been reached to enable ANZ to acquire the 80 per cent interest held by UDT in Endeavour Investments (New Zealand), the balance of which is already held by ANZ.Reuter - 155 words
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Article159 1976-11-13 5 Reuter TOKYO, Fri. Niigata Engineering said it and Nichimen established a joint engineering venture in Damman, Saudi Arabia, Jointly with local financial group Tamimi Fouad. Niigata said the joint firm, named Tamimi Fouad and Niigata Co, is capitalised at five million riyals with Tamimi Fouad taking 50Reuter - 159 words
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Article43 1976-11-13 5 TOKYO, Fri. Maruzen Oil has reported an after-tax profit of 2 94 billion yen for the first six months ended Sept 30, 1976, compared with a loss of 12.99 billion yen last time. Gross sales were 454.82 billion yen (393.77 billion yen).43 words
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Article221 1976-11-13 5 Reuter LOS ANGELES, Fri. Standard Oil Co of California expects continuing Improvement In both domestic and foreign earnings In coming months, chairman,- Mr. Harold J Haynes told an investment seminar here. For the nine months, Socal earned US$3.6O a share against $3.33 last year. However,Reuter - 221 words
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Article155 1976-11-13 5 Reuter SYDNEY Frl. All overseas activities of the Gollin Holdings group have either been disposed oi or closed, the group's provisional liquidators Mr. G.J. Hosklng and Mr. P.W. Harvay of Prive Waterhouse, said. In a circular to creditors the liquidators reiterated their belief that a reconstructionReuter - 155 words
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Briefly
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Article102 1976-11-13 5 HOUSTON. Fri. Monsanto chairman and president, Mr. John W. Hanley said "we can say without any reservation" the firm will achieve the record sales and earnings it has projected for 1976. The company last year earned U*****.3 million or $8.63 a share on record sales of $3.6102 words
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Article64 1976-11-13 5 TOKYO, Fri. Omron Tateishi Electronics has achieved a turnround to after-tax profit of 126 million yen in the first six months ended Sept 30, 1976, from a loss of 1.97 billion yen last time. The recovery was achieved on the back of a sales increase from 33.7 billion yen64 words
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Article64 1976-11-13 5 LONDON, Fri. Prices secretary, Mr. Roy Hattersley, said he has referred the proposed merger between British Petroleum and Century Oils to the Monopolies Commission. Mr. Hattersley said he has asked the Commission to report withing six months. BP offered 50p cash per Century ordinary and 60p cash per64 words
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Article109 1976-11-13 5 TOKYO, Fri. A joint venture will shortly be set up in Indonesia by an Indonesian company and two Japanese firms to produce copper cables, Furukawa Electric said. It said the frim, to be named P.T. Tembaga Mulla Semanah. will be capitalised at US$3 million put up 51 per cent109 words
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Article49 1976-11-13 5 TOKYO, Frl. On gross sales up by only 14 per cent to 3,128.29 billion yen (2,735.65 billion yen), C. Itoh has enjoyed a 234.4 per cent jimp in after-tax profit to 2.16 billion yen (646 billion yen). However, it is maintaining the Interim dividend at three yen49 words
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Article55 1976-11-13 5 B Myers SAN FRANCISCO, Fri. Bristol-Myers expects earnings for 1976 to exceed by about 10 Der cent last vear's U*****.7 million or $4.44 a share on sales of $1.83 billion, the chairman and president, Mr. Richard L. Gelb told analysts. Mr. Gelb said he sees continued healthy growth for sales55 words
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Article63 1976-11-13 5 NEW YORK, Fri. The American Stock Exchange said its board authorised development of a programme to trade put and call options on debt securities, Initially for US Government notes and bonds and later possibly including options on other debt Instruments. Amex said It will take about six months to63 words
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Article56 1976-11-13 5 PERTH, Fri. Unaudited attributable profit at Hampton Gold Mining Areas came to £182,000 for the first half-year ended Sept 30, 1976, compared with £3,000 last time. Net income was up from £276,000 to £524,000. Profit is after tax of £269,000 (£103,000), exploration costs £207,000 (£211,000), profit on investments £34,00056 words
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Article52 1976-11-13 5 ADELAIDE, Fri. News Ltd said it plans to make a one-for-five Issue. The chairman, Sir Norman Young, said the company expects to maintain the present dividend rate of 15 per cent on the Increased capital. The Issue will lift paid up capital to 31.54 million 50cent shares from52 words
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Article49 1976-11-13 5 TOKYO, Fri. For the first six months ended Sept 30, 1976, after-tax profit at Takeda Chemical came to 3.76 billion yen compared with 3.74 billion yen last time. Sales were up from 136.03 billion yen to 151.08 billion yen. It is maintaining the interim dividend at 3.75 yen.49 words
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Article45 1976-11-13 5 LONDON, Fri. Chloride Group said it is nearing completion of discussions on a cash bid of a maximum US $6 million for Pyrotectos Inc of Boston, US Pyrotector, a private company, manufactures smoke detection equipment and had a 1975 turnover of $7 million.45 words
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Article37 1976-11-13 5 ZURICH, Fri. Swiss nuclear power company Kernkraftwerk Goesgen Daeiken will float a 100 million franc, SV« per cent, 15 year loan at par from Nov 16 to 22 Schweizerische Bankgesellschaft said as issuing consortium leader.37 words
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Article108 1976-11-13 5 LONDON, Fri. On turnover up from £226 million to £299 million, Coats Patons has enjoyed a near doubling of pre-tax profit to £31.9 million (£16.1 million) In the first half-year ended June 30, 1976. And the company expects the Interim results should at least be repeated in the108 words
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Article60 1976-11-13 5 PHILADELPHIA. Frl. Consolidated Rail, (Conrail), Corp said its second quarter and first half losses were considerably less than projected as a result of excellent planning but future results should be more in line with expectations due to heavy rehabilitation expenses. The U. S. Railway Association has projected a loss60 words
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Article43 1976-11-13 5 TOKYO, Frl. Ataka has suffered a heavy net loss of 35.46 billion yen for the first half-year ended Sept 30, 1976, compared with a profit of 171 million yen last time. Sales were down from 997.34 billion yen to 821.87 billion yen.43 words
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Article32 1976-11-13 5 ASHLAND. KY„ Frl Ashland Oil has Increased the quarterly dividend to 471/ 2 US cents from 421/ 2 cents payable on Dec 15, to shareholders on record on Nov 22.32 words
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Article130 1976-11-13 5 LONDON, Frl. Boots has been able to raise its interim pre-tax profit by 22.6 per cent and it hopes for a similar performance In the second half-year. For the first six months ended Sept. 30,1976, per-tax profit rose from £30.72 million to £37.68 million on sales up130 words
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148 1976-11-13 5 ROTTERDAM, Frl. Rolinco has reported earnings up from 67.6 million guilders to 70.7 million guilders for the year ended Aug 31, 1976. Net assets at end-August were up from 2.5 billion guilders to 2.9 billion guilders and per share they were up from 129 guilders to148 words
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Article89 1976-11-13 5 BRUSSELS, Frl. The European Coal and Steel Community has floated US$75 million of 8 1/8 per cent notes due Nov 15, 1984 at 99.563 per cent and $75 million of 8 7/8 per cent bonds due Nov 15, 1996 at 99 per cent on the US capital market. This89 words
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Article161 1976-11-13 5 Reuter MONTGOMERY, Ala Fri. Goodyear Tire and Rubber said It plans a US$69 million addition to Its Gadsden. Ala., plant, which will make It the world's largest radial tyre manufacturer. The company said the expansion will enable it to overtake Michelln of France In worldwide capacity. GoodyearReuter - 161 words
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Article45 1976-11-13 5 TOKYO, Fri. After-tax profit at Sumitomo Shojl Kaisha was 3.77 billion yen In the first half-year ended Sept 30, 1976, compared with 3.56 billion yen last time. Gross sales were 2,833.5 billion yen (2,721.5 billion yen) The Interim dividend is maintained at 3.50 yen.45 words
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Article185 1976-11-13 5 MELBOURNE, Fri. Net profit at National Bank of Australasia Increased by 42.4 per cent to A 538.58 million from $27.09 million for the year ended Sept 30,1976. Excluding extraordinary gains of $682,000 ($1.06 million last time), the Improvement would be greater with a 45.6 per cent Increase185 words
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Article788 1976-11-13 5 GENE SMITH - OVERSUPPLYIN WAREHOUSES By GENE SMITH NYT TWO months ago, market letter writers were forecasting that copper would rise to an average of 80 US cents a lb. They saw the price at $1 by the end of 1977. But Instead of rising, copper has been fallingNYT - 788 words
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Article171 1976-11-13 5 Reuter ROCHESTER. N.Y., Fri. Eastman Kodak has declared an extra dividend of 50 US cents per share and raised Its quarterly dividend by one cent to 40 cents. Both dividends are payable on Jan. 3 to shareholders on record on Dec. 1. Kodak also paid a 50Reuter - 171 words
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Article348 1976-11-13 5 Reuter SYDNEY, Fri. Broken i Hill Proprietary will reduce steel production by 70,000 i tonnes a month or about 10 per cent at its Australian Iron and steel Port Kembla works, general manager, Mr. W.B. Burgess said. The plant currently operates at about 90 perReuter - 348 words
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Article146 1976-11-13 5 TOKYO. Frl. Talsel has suffered a 22.1 per cent setback in after-tax profit to 5.46 billion yen (7.01 billion yen) in the first half-year ended Sept 30. 1976. Gross sales were marginally higher at 248.37 billion yen (247.31 billion yen). The interim dividend Is maintained at 4.25 yen.146 words
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Page 5 Advertisements
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Advertisement63 1976-11-13 5 Socialism T I I ogress nment n-state nclude i Yew; m Socialism That Works is more than the most authoritative answer and explanation to the many criticisms. particularly from the foreign press, levelled at the Singapore government, on questions like press control; detention without trial; elections; suppression of the trade63 words
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Article1997 1976-11-13 6 SECTION ONE INDUSTRIALS 1976 High Low Coapuy La at Sale +orGr'a «hv Div C'VT Gr'a y'ld P/E Vol (*•00) Day High Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 06 254 149 172 394 39 Acma Alcom Allied Choc Bata1,997 words
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Article1290 1976-11-13 6 BID and offer price* 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 Board1,290 words
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Article164 1976-11-13 6 SINGAPORE UNIT TRUST i Maugrr i prion for Nov IS) The Commerce 170 1.80 The Saving Fund 0 97 102 S pore Prof Fund 0.81 0 86 S pore Security Fund 1.27 1.34 S pore Invest Fund 102 1.06 ASIA UNIT TRUST (Manager's print far Nov 15) Mai164 words
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Article392 1976-11-13 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/1 »t Dec 1977 (1.000,000) (101 688 101.78S) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/15 th Apr 1978 (1.000.000) (101.658 101.755) S'pore Govt 6 3/4% Taxable Loan No 1 With392 words
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Article1246 1976-11-13 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 IMOUITRIALA AJinamata (X 838 1.888). Atcam (2.108 2.148). XD. A. CK»c (01,246 words
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Advertisement243 1976-11-13 6 A I it .vi 'WM v •K-v? Igfl£1gfl£ •f < s <■ y ''H ::M < < 'v., >V m > 't v*" 1* T wr V"5 m 11 1 m I J L "f-.- *>'*"* f;* v X sl r v 3v»* Alex Josey has long been an observer,243 words
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Article515 1976-11-13 7 SHARE price* staged a feeble rally at the Stock Exchange of Singapore yesterday when trading volume was again much reduced. Short-covering ahead of the weekend contributed to the general gains recorded among the volatile issues. There was still no •evidence of big investors or institutions moving515 words
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Article524 1976-11-13 7 SOME light speculative buying took prices moderately higher In a slightly more active market yesterday. As hopes rise that major oil companies would conclude some sort of agreement with Petronas, sentiment picked up considerably. Esso ordinary, which was dealt at only $1.72 In the morning,524 words
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Article54 1976-11-13 7 MUNICH. Frl. Siemens had proposed an unchanged dividend of eight marks for the year ended Sept 30, 1976, on capital of 1.59 billion marks (1.58 billion). Provisional world consolidated group turnover for the year ended Sept 30 was 20.7 billion marks (18.9 billion), of which foreign business accounted for54 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1216 1976-11-13 7 NEW YORK: Stock prices closed firmer on Thursday for the first time this week, but trading was very quiet. Analysts attributed the partial recovery to bargain hunting In selected blue chip stocks following the continuous decline over the previous four trading sessions. Volume approximated 13 million shares near1,216 words
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Article296 1976-11-13 7 AMSTERDAM: Shares closed slightly lower on balance In a dull market on Thursday, with Royal Dutch closing 0.3 guilders down after announcing lower third quarter net Income. Elsewhere, shippings were unchanged to firmer, although KLM fell slightly. Heineken rose strongly on speculation the trading year which ended Sep 30296 words
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Article306 1976-11-13 7 ZURICH: Shares drifted lower, on Thursday, dealers said. Swissair fell while banks and financial fluctuated narrowly apart from weaker Bally and Juvena, which dropped again on sustained selling pressure after recent recovery. Insurance eased. Chemicals and foods closed little changed. Among otherwise steady engineerings, BBC B«arer lost ground. Earlier306 words
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Article377 1976-11-13 7 JOHANNESBURG: Ookl shares closed off the top on Thursday following profit-taking on lower overseas bullion Indications, dealers said. Financial minings closed mixed around Wednesday night's levels after a firmer opening Elsewhere, De Been lost five cents on the day to 315, coppers were slightly easier In Isolated dealings, platinums377 words
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Article293 1976-11-13 7 FRANKFURT Shares were narrowly mixed in quiet trading, on Thursday, market sources said. Engineerings rose up to 1.5 marks, but other sectors were mixed to lower. Motors (ell up to five marks and among stores Karstadt and lost five AEG lost three marks and Sieawu 0.7, extending Wednesday's losses293 words
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Article177 1976-11-13 7 MILAN: Stocks were mixed with a firmer bias in moderate trading on Thursday, with assessment of prospects for Industry of government pressure for an agreement to curb wage Inflation tending to boost sentiment after an initial slow start, bourse sources said. Leading industrials to gain Included Anic, Flat, Montedison,177 words
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Article309 1976-11-13 7 TORONTO: The Industrial Index climbed 1/4 point in the last hour of trading on Thurday to finish ahead for the first Ume In five sessions Volume, however, was exceptionally light. Imperial Oil "A" and Shell Canada both added 1/2 amid heavy trading, closing at 201/2 and 14. Moore Corp309 words
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Article12 1976-11-13 7 PARIS: The stock market was closed on Thursday for Victory Day.12 words
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Article138 1976-11-13 7 MANILA: The market closed generally easier on Friday, although market leaders mostly held steady, dealers said. Turnover In oils was active on expectations of news offshore oil areas, but minings were dull on the fall In metals prices. NOV 12 Pesos Acoje Mining 0155 +0 0005 Atlas Con A138 words
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Article12 1976-11-13 7 BRUSSELS: The stock market was closed on Thursday for Armistice Day.12 words
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Article435 1976-11-13 7 HONOKONO: The market closed easier on lack of news and In very low turnover, on Friday. with some selling towards the close, dealers said. Market rumours of a large sale of Hutchison shares In London last night depressed sentiment, as -well as the possibility of an increase in Hongkong435 words
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Article509 1976-11-13 7 TOKYO: The market closed lower, on Friday, with late profit taking and other selling more than offsetting Initial gains, although some shares continued to be bought well on good results, dealers said. The Dow Jones average lost 21.53 to close at 4,565.39 with volume 300 million shares. The wider-based509 words
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Article437 1976-11-13 7 SYDNEY: The market closed lower on Friday led by uranium stocks as traders reacted to the government's statement on Thursday, on uranium exports, dealer said Mary Kathleen, which was permitted to export uranium, closed unchanged at 63 cents, but Peko-Wallaend fell 20 to 3.80 and Ez Industrie* 10 to437 words
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Article80 1976-11-13 7 NOV 12 Bah is Asia Fibre Bangkok Bank 231 unch Bangkok Invest 147S unch Bangkok-Metro-politan Bank Bata Berli Jucker 157 Charoong Thai Wire 145S Dumex Duslt Thani Faber Merlin First Trust 333S Indo-Thai 170S unch J And J Ho 145 1 Jalaprathan Cement 71 1 Karnasula Lee Kwang Min80 words
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Article103 1976-11-13 7 FINANCIAL TIMES INDl'STRIALS Thursday 299 4 Wednesday 302.7 Week ago 301.1 TIN Thursday 125 35 Wednesday 118 58 Week ago 118 66 RUBBERS Thursday 487.41 Wednesday 496 35 Week ago 477 60 OILS Thursday 362 96 Wednesday 359 35 Week ago 362 61 DOW JONES AVERAGE INDUSTRIALS Thursday 931.43103 words
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Article135 1976-11-13 7 Reuter NEW YORK, Fri. Texasgulf Inc said It filed with the Securities and Exchange Commission for a proposed public offering of two million shares of convertible fireferred stock with a iquidation value of US$5O a share. The company said the shares will qualify for sale in CanadaReuter - 135 words
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Article110 1976-11-13 7 Reuter MOSCOW, Fri. Fiat president, Mr. Giovanni Agnelli, renewed for another five years a cooperation agreement with the Soviet Goverment, Italian sources said. The agreement is of the "framework" type which does not mention specific projects, but the sources said that in earlier talks, Mr.Reuter - 110 words
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Article121 1976-11-13 7 NEW YORK, Fri. Fourth quarter net profit at Rockwell International rose from US$3O.7 million to $35.1 million on sales up from $1.26 billion to $1.38 billion. This brought the Drofit for the year ended Sept 30, 1976, to $121.1 million ($94 million) on sales of $5.19 billion121 words
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Advertisement48 1976-11-13 7 £2 v >3r-~ i r -,'-;y' •>■ *?-v SL >A >,r. •*V£ r-i —A* •v*. 3 r>-^V:'.' 1-vJte, i*'* '7? j rv' V\- > *i ?>} M 2$ vs, -v sfeV' >,• V' rv-'^iiS "r>-. r^T. <T-f S^SsSSSmS^K Only QantasgfcesyMi 28 THE AUSTRALIAN AIRLINE See your Travel Agent or call48 words
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COMMODITY REPORTS AND PRICES
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Article658 1976-11-13 8 AFTER a steadier opening reflecting higher London advices, the Singapore rubber market ruled quietly steady throughout the morning with values fluctuating around the 210.00 cents level, dealers said. Turnover was small. The market ended the morning quiet at 209.25 cents per kilo for December RSS one buyers, up658 words
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Article118 1976-11-13 8 DAILY SSR and SMR prices at noon yesterday: Dec. Jan. H.A.S. (Currenl Mth) (Forward Mth) Buyers Sellers Buyeri Sellers (cents pe rk|l (cents pe rkf) SSR 20 < 1 -ton Pallet) 192 00 194.00N 193 00 195 00N SSR 50 (1-ton Pallet) 189 50 191 50N 190118 words
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Article216 1976-11-13 8 THE Straits tin price in Penang yesterday fell $13.50 to close at $1,216.50 per picul on an official offering down 125 tonnes to 185 tonnes. In LONDON yesterday, tin was up £24 per tonne for Cash but unchanged for Three Months In both contracts. Dealers said the market216 words
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Article30 1976-11-13 8 Rubber: Nov 12 Singapore: Dec. 209.00 cts (up 0.7S cts.) Malaysia: Dec. 215.00 cts. (up 0.75 cts) Tin: $1,216.50 (down $13.50) Official offering: 185 tonnes (down 125 tonnes)30 words
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Article79 1976-11-13 8 LONDON, Frl. Lead eased by mostly £2 per tonne. Prices were shaded in sympathy with the trend In copper although trading was of routine two-way nature, dealers said. Sales were only 925 tonnes. A modest rise Is ex- pected in stocks this week. On Thursday afternoon, lead closed £0.2579 words
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Article124 1976-11-13 8 THE following Palm Oil prices were quoted In London on Thursday The prices are ctf Rotterdam and are quoted In US dollars per long ton unless otherwise stated Thursday Prev Malaysian 5% f fa bulk Dec unch 465 sir Jan unch 460 sir Sumatra 5% Nov 475 sir124 words
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Article252 1976-11-13 8 CHINESE PRODUCE EXCHANGE, SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY Coconut Oil: Bulk iHelleri, old drum $77 sellers, nWm drum $82 sellers Copra: Mixed (loose) UK/Cont. $45 buyers. Pepper: Muntok ASTA white f o b. 100% NLW $322 > sellers. Sarawak white f o b. 98% NLW $305252 words
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Article355 1976-11-13 8 THE Singapore gold market continued to be volatile with the London delivery price rangeing between U*****.50 and $136.50, closing on some moderate pront taking at $135.25. The price movements were frequent and volume was good. There was little Interest in the kilo bar, quoted at Sslo,Boo, nominal, at the355 words
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Article260 1976-11-13 8 LONDON, Frl. Copper wlrebars lost £6.50 per tonne for Cash and £9 for Three Months. Prices were marked down on the pre-market under scattered liquidation prompted by the easy New York close, steady sterling this morning and expectations of a moderate rise In warehouse stocks this week, dealers said.260 words
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Article76 1976-11-13 8 LONDON, Frl. Zinc lost £1.50 per tonne for Cash and £2.50 for Three Months. A down drift In prices was partly offset by light covering against further physical sales of specified material, presumably on US account, dealers said. Sales of 1,875 tonnes were mainly carries. On Thursday afternoon, zinc76 words
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Article226 1976-11-13 8 BANGKOK, Frl. Indicative prices for rice quoted yesterday were: In HONGKONG yesterday, the market was easy with prices down 40 cents to $1.60. The day's turnover totalled 265 tons comprising Thais 98 tons. Kwangtung 119 tons and Australias 48 tons. Arrival were Thais 428 tons and Kwangtungs 365 tons.226 words
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Article405 1976-11-13 8 London again provided the major lead for the period which saw more active trading during the first half, with levels finally ending 2-1/2 cents up on balance, reports Holiday, Cutler and Bath in its weekly rubber review. Starting out at the bottom of the previous405 words
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Article142 1976-11-13 8 LONDON, Frl. Silver closed about 0.2p higher to 0.4p per troy ounce lower. Prices hovered around previous ring levels In thin trading with most dealers looking for fresh incentives. Three Months opened the ring at 285.5p and slipped back to 284.9p before recouping losses during negligible kerb dealings. Sales142 words
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Article99 1976-11-13 8 LONDON. Thurs. Robusta futures opened fully steady £6 to £18 higher from Thursday's close. 245 lots were traded. After the opening call futures continued to advance, Jan trading up to £2,345 compared to a high of £2,334 at the opening call. Traders said the market continued its bull trend99 words
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Article94 1976-11-13 8 LONDON, Frl. Futures On Thursday, futures duopened £2.60 down to £0.10 ring the early afternoon up from Thursday's closing moved lower in thin deallevels. Sales were boosted by ings on trade reports that large bloc self trades and Peru Is holding a selling some business against ac- tender on94 words
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Article121 1976-11-13 8 CHICAGO, Thurs. Soybean futures closed with losses of 23 to 26-3/4 cents a bushel after reaching limit losses of 30 cents a bushel in all but the spot month during the session. Soybean product futures finished sharply lower, although above the day's lows. At the close, meal was down121 words
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Article74 1976-11-13 8 CHICAGO, Thurs. Wheat futures finished the session with losses of 9-1/4 to 12-3/4 cents a bushel under the pressure of spillover selling form corn. Although final prices were about five cents above the day's lowest, the decline pushed seasonal lows 14 cents below the old levels. Speculative selling was74 words
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MONEY AND EXCHANGES
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Article518 1976-11-13 8 STERLING opened yesterday in the Singapore forex market at the U551.6220 level, somewhat lower than the previous day but moved up to U551.6250 when London came in. Dealers attributed the general steadiness of the currency to basically genuine commercial ouylng and the lifting of speculative buying pressures. In quiet518 words
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Article163 1976-11-13 8 Asian rates ASIAN currency deposit Interbank rates as at close on Nov 12: L'8 Dollar* (Spot) Offer Bid 7 Days S 1/16 4 15/18 1 mth 5 2 mths 5 7/16 5 5/18 3 mths 5 1/2 5 3/8 6 mths 5 13/18 mths 9 5 7/8 12 mths 6163 words
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Article52 1976-11-13 8 RANGE of price* offered by discount houses on Nov 12 Overnight 3% Call deposit 2*t to 3% Closing 3-Month Buy Selling Treasurer bills 3 1/16 2 15/18 3-Month Banks bills 3 7/8 3 3/4 3-Month CO 3 15/18 3 13/18 8-Month CD 4 3/8 4 1/4 Source: National52 words
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Article55 1976-11-13 8 RESULTS of Treasury bills tender held on Nov. 12 for 91day Treasury bills to be Issued from Nov. 15 to 19. Offered. 40 million. Applied for: $88,430,000. Allotted: 40 million. Accepted bids: $99.24 approximately 62 per cent; higher bids in full. Average rate of discount on allotment:55 words
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Article59 1976-11-13 8 Minimum lending rates (in ACBC 6* Algemene Bank 7 Bangkok Bank 7* Bank of America gv, Bank of China.. 7* Bank of Tokyo 7 Bank Negara Indonesia 7V4 Chartered Bank Chase Manhattan DBS 6 First Chicago 7 Citibank 7 HKSBC 7 Indosuez 7 Malayan Banking 7 Mitsui Bank 7 OCBC59 words
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Article388 1976-11-13 8 LONDON, Fri. Sterling opened slightly higher against European currencies here, trading at U551.6250/60 from $1.6235/45 overnight. Dealers said currency markets were steadier as fears of disruption in the British docks system over the Government's Parliamentary defeat on dock labour legislation continued to recede, although trading was slow ahead of388 words
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Article111 1976-11-13 8 TOKYO, Fri. The US dollar for overnight delivery closed at 294.65 yen, firmer on the overnight, 294.60 but down from 294.90 at the opening. Dealers said the dollar initially firmed on covering of import requirements, but the higher levels attracted selling of spot and forward to cover export contracts.111 words
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Article33 1976-11-13 8 HONGKONG banknote* quoted on Nov 12: US 4.76/4.78 UK 7.65/7.75 Burma 2.00/2.50 India 4.50/4.80 Indonesia 1.08/1.12 Japan 1.615/1.625 Korea 0.90/0.94 Philippines 0.58/0.60 Singapore 1.935/1.955 Malaysia 1.885/1.905 Brunei 1.88/1.90 Thailand 23.40/23.70 Taiwan 12.20/12.4033 words
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Article55 1976-11-13 8 AUSTRALIA/NZ exchanges quoted on Nov 12: Australia: v Sterling 0.7616/0.7538 US dollar, 1.2331/ 1.2281 Ninety day air mail buying rates: Sterling 0.7970, US dollars 1.2611 Ninety day forward buv- ing rates: Sterling 0.7714, US dollars 1.2170 New Zealand: Sterling 0.5925/ 0.5890 US dollar 0.9665/ 0.9565 Ninety day forward rate:55 words
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Article208 1976-11-13 8 Euro rates LONDON, Frl. Eurodollar deposits opened unchanged from Thursday's closing and showed little change In early quiet conditions, dealers said. A slightly firmer undertone was noted in some periods particularly Three and Six Months with moderate rollovers scheduled for Three Months. The firmer tendency where noted was ascribed to208 words
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Article44 1976-11-13 8 ZURICH exchanges quoted on Nov 11: US 2.4397-4405 UK 3.9700-9740 Can 2.4930-4950 W'germ 101.05-12 Neth 96.57-65 France 48.98-49.02 Belg 6.57-Vi-58- 3 Denm 41.31 34 Norw 46.19-23 Swed 57.68-73 Italy 0 2816-2820 Austria 14.22-24 Port 7.76-78 Spain 3.56- 3 /«-57-'4 Arg 1.25-2.25 Japan 0.82-'/i-8344 words
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Article35 1976-11-13 8 FRANKFURT exchanges quoted on Nov 12: US 2.4140/50 (2 4130/40) Can 2.4690/95 UK 3.918/280 Neth 95.52/62 Switz 98.90/ 100.00 Italy 2.785/790 France 48.47/57 Norw 45.70/75 Belg Con 6.502/512 Belg Fin 6.45/46 Japan 0.8190/ 821035 words
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Article365 1976-11-13 8 LONDON, Frt. Dollar bonds were easier In large turnover, dealers said. In general, bond prices eased point through the list on expectations several new Issues will shortly be announced, dealers said. Dealers felt the latest US money supply figures could lead to a tighter monetary policy but the365 words
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Advertisement443 1976-11-13 8 >u have only one face make the best of it Advice from Business Times. t If your corporate face isn 't as good as it could be Business Times can help change it for the better. Few people place their trust in a total stranger. This has to be one443 words
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TRANSPORT AND COMMUNICATIONS
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586 1976-11-13 9 KUALA LUMPUR. Fri. A recent ban on lorry routes In Kuala Lumpur within certain hours has incensed operators throughout the Federal territory. They have been driven into forming an association to protect their interests. From Oct. 30, all timber lorries, trailers, and trucks586 words
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290 1976-11-13 9 KUALA LUMPUR. Frl. Eight companies from Japan. South Korea and the Philippines have submitted tenders for the construction and improvement of the Tamparufi-Ranau road across the Crocker Range in Sabah. The tenders were opened at the Ministry of Works and Utilities in290 words
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Article186 1976-11-13 9 AP LONDON. Frl. Time-charter business dominated the London freight market yesterday but the market lacked the verve of recent grain chartering. Far East Time-Charter Business featured Yamashlta-Shlnnlhon. which paid UBJ2 35 per tonne dw to the 78.M0-toone dw Fonkar Intrepid for a prompt trip from Japan to theAP - 186 words
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Article, Illustration2163 1976-11-13 9 JOHN WYLES - Profile of a shipping company which has diversified rapidly and added a variety of activities to its famous Blue Funnel Line By JOHN WYLES Financial Times ARROGANT, intellectually self-confident, puritanical in its dislike of ostentation the profile which Ocean Transport andFinancial Times - 2,163 words
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Article, Illustration320 1976-11-13 9 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Fernandoeverett (0800) 27/28 Flintshire (L/L It UTM'L) (after Caprala) 33/34 Fortune Runner (1200 25/26 JalakiUhna (0800 after Bunga Blndang) 18 Marco Polo (0700 after New Ocean) 42/43 Prometheus (after Vladimir MayaJcovskly) 48 Shropshire (Prima Wheat) (1300 after Sin Llan Huat No 1) L320 words
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Article536 1976-11-13 9 ARRIVALS Serrioe Operator Number Local Time From SIA CAL JAL CAL 8IA OIA CPA THAI OIA 8IA SIA OIA OIA 8QO01 CI 333 JL712 CIS 14 SQ211 OA08O CX710 T0423 O A 908 SQ201 SQ240 OA944 OA982 0005 0040 1000 1000 1010 1030 1030 1035 1100 1200536 words
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Advertisement512 1976-11-13 9 in/IGHT HOUDfIW The Executive's Travel Agent Suite 102.Cathay Building. Mount Sophia Singapore 9 Telephone *****2. St s M '**< >v*v g!P Business in Penguins Th« Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. This book is about the512 words
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SPOTLIGHT ON BRAZIL
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Article, Illustration1279 1976-11-13 10 DAVID WHITE - By DAVID WHITE Financial Times FLYING over the Amazon, you can see two different worlds, and the scale of both is impressive. One. still dominant by far, is the unbroken forest, through which one rarely sees the ground, only treetops and ribbons ofFinancial Times - 1,279 words
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Article, Illustration849 1976-11-13 10 JONATHAN KANDELL - and what is to be done for the people By JONATHAN KANDELL NYT AT THE end of the 30-hour bus ride from his small and dusty hometown in Bahia. Brazil's drought-stricken northeast, Waldemir Martin Dias stretched his cramped frame and then strove to maintain his balance as the crowds inNYT - 849 words
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Article, Illustration878 1976-11-13 10 N. KARIM - Malaysia is trying to tap new sources to fund its development programmes under the Third Malaysia Plan. It will seek loans which have lower interest rates. By N. KARIM MALAYSIA is trying to tap new sources of foreign financing to fund its development programmes under the878 words
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Advertisement490 1976-11-13 10 APPOINTMENTS MANAGER (Consumer Trading) An established trading company, being the consumer prod*rts subsidiary of a major trading house, is looking for a top flight Senior Manager to take over the management of a growing conaamer products distribution business. Our business is currently based around office appliances, photographic equipment, pharmaceuticals and490 words
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Advertisement1059 1976-11-13 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 Her en, foreign editor of The Times, London, tells the story: A silversmith's hammer blows for1,059 words
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Article266 1976-11-13 12 HOPE EXCELLENT opportunities exist in Singapore for the plastics industry to move into more specialised areas of manufacturing sqch as quality packaging materials, and precision engineering components like plastic gears, switches and connectors. This is because the presence of electrical and electronics manufacturing fflants, inHOPE - 266 words
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Article149 1976-11-13 12 Reuter CAIRO, Frl. President Anwar Sadat has announced the return of a multi-party political system to Egypt after almost a quarter of a century of oneparty rule. He told the People's Assembly (Parliament) yesterday that the rightist, centrist and leftists groups which contested the general electionsReuter - 149 words
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Article135 1976-11-13 12 Reuter CAIRO, Frl—French Prime Minister Raymond Barre arrives here today for talks with Egyptian leaders. The talks are expected to concentrate on plans to help Egypt develop its own arms Industry. Mr. Barre, on his first overseas visit since becoming Prime Minister in August,Reuter - 135 words
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Article90 1976-11-13 12 THE free West stands to alienate the noncommunist countries of Asia If it continues to take pot-shots at them through the mass media. Foreign Affairs Minister S. Raj ar at nam made this comment during the launching yesterday of the publication Socialism That Works. Mr. Rajaratnam90 words
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Article778 1976-11-13 12 LONDON, Frl. The stock market ended quietly firm but off the top after a relatively oulet session. At 3 p.m. the Financial Times Index was up 5.8 at 305.2. There was some speculative interest ahead of the UK trade figures for October. Interest was also stimulated by a778 words
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496 1976-11-13 12 Agencies SYDNEY, Frl. Strikes threatened to bring industrial and transport chaos In Sydney, Australia's biggest city, today and put the Federal Oovernment Into a potentially explosive confrontation with trade union militants. Violence erupted outside the editorial and printing offices of one ofAgencies - 496 words
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188 1976-11-13 12 Reuter HONGKONG, Frl. A record 100 US firms visited the first week of the Canton Fair, which opened on Oct 15, and the total is expected to reach 400 by the time the fair cloaes, Bank of America said. Its monthly ChinaReuter - 188 words
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846 1976-11-13 12 NYT NEW YORK, Fri. The biggest single worry in financial markets these days is over the enormous build-up of international debt much of it owed to Kvate commercial banks. ere Is no way to conceal the danger that some heavyNYT - 846 words
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Article, Illustration497 1976-11-13 12 WASHINGTON, Frl. Federal Reserve chairman Mr. Arthur Burns warned yesterday that It could be dangerous for the Government to push hard for faster economic growth. "I cannot stress too strongly the Importance of being cautious in launching new Federal programmes with a497 words
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252 1976-11-13 12 AP WASHINGTON, Frl. The US Federal Reserve Board could find Its Independence sharply curtailed If It falls to co-operate with the Carter Administration and Congress In creating jobs and expanding the United States economy, Senator William Proxmlre said yesterday. The Wisconsin Democrat addressed hisAP - 252 words
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Article130 1976-11-13 12 UPI WASHINGTON, Fri. Federal Income tax forms for 1976 will again ask whether the taxpayer has any foreign bank accounts, Rep. Benjamin S. Rosenthal, Democrat-New York, said yesterday. Mr. Rosenthal said the Treasury Department and the International Revenue Service had decided to restore questions about overseas financial accountsUPI - 130 words
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Article134 1976-11-13 12 UPI JOHANNESBURG. Fri. A South African economic analyst said yesterday that ha aertmatad the country'! unemployment figure at 12 par ceat and suggested the government subsidised eome waga groups to heaeflt i young Mania. Prof. P. J. Van dar Merwe made a nationwide job survey, cosnmtsstoaad byUPI - 134 words
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Article86 1976-11-13 12 Reuter AMSTERDAM, FYI. The Dutch Clothing Manufacturers' Federation (Nevec) said It wilT press for Import preferences to be given to genuinely underdeveloped countries In any new multifibre agreement rather than to the so-called developing countries which now get these preferences. Countries such as Taiwan, Hongkong, Macao, SingaporeReuter - 86 words
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Article36 1976-11-13 12 NEWCASTLE, (New South Wales), Frl. Normal shipping movements resumed at the port here this morning after striking linesmen and tug crews voted to resume work, a spokesman for the Maritime Services Board told Reuters.36 words
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356 1976-11-13 12 AP WASHINGTON, Fri. The US Export-Impart Bank reported yesterday that its loan delinquencies Jumped iktrpiy last year, but its chairman said he ii confident i mora cautious approach will enable the bank to avoid asking Congress for more money. Without that more cautious approach,AP - 356 words
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Article44 1976-11-13 12 Reuter MANILA. Frl. The Asian Development Bank said It approved a U5548.21 million (SSIIB million) loan to Indonesia for a road project between the cities of Surabaya and Maleng in East Java. The loan has a term of 25 years, ReuterReuter - 44 words
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233 1976-11-13 12 Reuter KUALA LUMPUR, Frl. An international agreement on the price stabilisation scheme for natural rubber will be signed at an assembly of the Association of Natural Rubber Producing Countries (ANRPC) In Jakarta between Nov 25/30, It was announced here today. Deputy Primary In-Reuter - 233 words
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Article87 1976-11-13 12 AP BANGKOK, Frl. Thailand expects to export a record high of 360,000 tonnes of rubber worth about USSIBO million (***** million) before the end of this year, the Rubber Welfare Fund reported today. Fund director Pis Panyalak said Thailand's total production of rubber for thisAP - 87 words
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Article134 1976-11-13 12 PENANG, Fri. The visiting Soviet first Deputy Minister of Marine, Mr. Vladimir Thlkonov, today accused the giant shipping lines of forming cartels to monopolise the world sea trade. Mr.Thlkonov was speaking to reporters after paying a courtesy call on Chief Minister Dr. Llm Chong Eu at his134 words
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Article112 1976-11-13 12 SPOKANE (Washington), Frl. Airline routes and fishing rights are the only trouble spots In an otherwise rosy relationship between Japan and the United States, says the director of Japanese affairs for the US State Department. The Japanese consider fishing within the 320-km limit imposed by, the112 words
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Article76 1976-11-13 12 KUALA LUMPUR, Fri. Sabah's opposition party, Usno, has reiterated its desire to be affiliated to Umno. Usno acting deputy president, Datuk Haji Dzulkifll Abdul Hamid, said that although both the parties were In the National Front and enjoyed close cooperation, an affiliation would further strengthen existing76 words
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Advertisement281 1976-11-13 12 We Help You 16 Mind Your Own Business rade industry P A rade -industry H Ui HHUt iHHU uum mumm mlmmi trade^industry 1 mmm ;radc^industry rial's i The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present281 words
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