The Business Times, 17 November 1976

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) 1455/76 WEDNESDAY, NOVEMBER 17, 197G 50 CENTS
    10 words
  • NEWS IN BRIEF
    • 58 1 Reuter LONDON, Tues. The Financial Times was not published today because of a pay dispute involving the electricity union. The management said it had rejected a claim for higher pay presented by representatives of the electrical, electronic, telecommunications and plumbers union. Subsequently union members had unilaterally discontinued
      Reuter  -  58 words
    • 73 1 Reuter GENEVA, Tues. Two African nationalist leaders said today they totally rejected a British formula for setting a legal independence date for Rhodesia, and accused Britain of divisive tactics at the Geneva conference on the breakaway colony. Mr. Robert Mugabe and Mr. Joshua Nkomo reiterated a
      Reuter  -  73 words
    • 68 1 AP ROME, Tues. The UN Food and Agriculture Organisation (Fao) announced today a major emergency programme to provide food relief for four months for 1,350,000 victims of the civil war in Lebanon. Fao's director general Edouard Saouma said he has authorised US$4.7 million (5511.5 million) in
      AP  -  68 words
    • 80 1 All in one 'boat'. AP LUXEMBOURG. Tues. Hovercraft crossing the English Channel are to be "stretched" to carry more passengers and cars with the help of a £15 million (Ss2o million) loan from the Common Market's European Investment Bank. The loan goes to the British Railways Board, which operates the
      AP  -  80 words
    • 65 1 AP UNITED NATIONS, Tues. Venezuelan President Carlos Andres Perez asked the United States to return the canal zone to Panama at the UN General Assembly today. In a special speech as a head of state, he also announced that he had ordered discontinuance of Venezuela's "commercial relationship"
      AP  -  65 words
    • 67 1 Reuter LONDON, Tues. Mozambican forces have shot down seven Rhodesian aircraft and killed several soldiers during Rhodesian attacks across the border, according to a Mozambique news agency report broadcast by Maputo radio. The broadcast, monitored here, said the latest Rhodesian attack took place at Mavue, a border town
      Reuter  -  67 words
    • 43 1 UPI NEW YORK, Tues. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 940.33, up 4.91; 20 transp 214.90, up 1.97; 15 utils 98.86, unch; 65 stocks 300.95. up 1.61. UPI
      UPI  -  43 words
  • Chief Price Changes
    • 170 1 TRADING at the Stock Exchange of Singapore remained very quiet yesterday. The trend was barely steady. The Business Times index showed a rise of 0.57 point to 250.04 while the Straits Times Industrial average was fractionally lower at 248.90 Rises Most active Ked Cables 79 +7 U
      170 words
    • 114 1 Rises Most active Khong Guan SI.65 .05 Central Sugars 70,000 Gentings $2 77 *.02 Haw Par 54.000 Inchcape $2.27 02 U O. Land 47,000 Rothmans $2 97 02 Inchcape 39,000 B. Raya $0 78 .02 Total Turnover: 0.75 M S pore Land $1 66 .02 Total Value
      114 words
  • 1204 1  -  AT THIS FRIDAY'S MEETING By QUEK PECK LIM LESS than 48 hours before the deadline for nominating proxies to this Friday's annual general meeting, the Sime Darby management received the first clear indication that it will be opposed on certain proposals it is going
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  • 732 1 KUALA LUMPUR. Tues. Oil and gas production agreements have been reached between Petronas and four oil companies. Contracts are expected to be signed on Nov. 30. Announcing this in the Dewan Rakyat yesterday. Prime Minister Datuk Hussein Onn said the parties involved are now
    732 words
  • 200 1 KUALA LUMPUR. Tues. The leader of a 14-member Spanish trade mission. Dr. Ramon Amat, said today his country is keen on entering into joint-venture with Malaysia for offshore crude oil exploration. He said Spain could provide the technical knowhow in such projects and the crude oil
    200 words
  • 178 1 THE Port of Singapore Authority announced yesterday that it will be spending some $40 million on the construction of three coastal berths and three deep-water berths at the Pasir Panjang Wharves scheduled for completion by the middle of 1979. It added that supporting facilities
    178 words
  • 202 1 MR. Goh Chok Tong, (above), managing director of Neptune Orient Lines, will stand as a People's Action Party candidate in the coming general elections. This was announced yesterday by Mr. Tang See ("him, the party's acting organising secretary, at a press conference at
    202 words
  • 30 1 Reuter TOKYO. Tues. A five-day display of exports from member countries of the Association of South-east Asian Nations began here today to promote products of the region. Reuter.
    Reuter  -  30 words
  • 160 1 BRUSSELS. Tues. Gold opened sharply lower today falling from an 11-month high back to pre-weekend levels. The US dollar and the British pound held steady, showing only minor fluctuations. Gold fell $2.50 in Zurich and $2.75 in London, opening at $136.50 an ounce on
    160 words
  • 171 1 Reuter LONDON. Tues. World orders for shipping have dropped to their lowest for six and a half years, reflecting continued slump in the oil tanker market. Lloyds Register of Shipping said. The total order book decreased by 4.7 million gross tonnes during the third quarter
    Reuter  -  171 words
  • 150 1 UPI VIENNA, Tues. US efforts to avert an increase in the world oil price have little chance of success, according to sources close to the world's major oil producers. The sources said economic experts of the Organisation of Petroleum Exporting Countries will recommend an oil
    UPI  -  150 words
  • 86 1 BANK of Indonesia is borrowing USSSO million (*****.5 million) on behalf of the Indonesian Government to finance the construction of a liquid natural gas plant in Indonesia. It is a nine-year loan at 1 1 4 per cent above the arithmetic mean of the London interbank offered
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  • Page 1 Advertisements
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  • OVERSEAS
    • 502 2 UPI TOKYO, Tues. The Agri-culture-Forestry Ministry today announced a sharp cut in its beef import quota for the current OctoberMarch period amid strong protest from Australia. The ministry said the quota has been set at 20,000 tonnes compared with 45.000 tonnes for the AprilSeptember
      UPI  -  502 words
    • 92 2 AP WASHINGTON, Tues., The US Treasury Department announced yesterday that it has launched a formal investigation into whether leather wearing apparel from Korea is being exported to the United States with the help of bounties or grants. If the treasury department does find that the Korean Government is
      AP  -  92 words
    • 204 2 Reuter GENEVA, Tues., Delegates from 29 countries opened talks here today to discuss the possibility of creating International arrangements to stabilise market prices for tungsten. The meeting of the United Nations Conference on Trade and Development (Unctad) tungsten committee will study a document setting
      Reuter  -  204 words
    • 71 2 Reuter TOKYO, Tues., A Sony Corp spokesman confirmed press reports that two US motion picture companies Disney Productions and Universal filed law suits with a US court, alleging that Sony's video taperecorders violate their motion picture copyrights. A spokesman for Sony said, however, the company was
      Reuter  -  71 words
    • 800 2 AP NEW DELHI, Tues. US Ambassador William Sax be accused World Bank President Robert McNamara yesterday of trying to force foreign aid on developing countries like India. "You get the Impression that here's a guy with a scoop shovel and a truck load
      AP  -  800 words
    • 213 2 AP WASHINGTON, Tues., A meal that cost an American family US$lO (5524.50) four years ago will now set them back about $14.65 and will probably be up to between $15.09 and $15.24, a year from now, Agriculture Department forecasters said yesterday. But Agriculture Secretary
      AP  -  213 words
    • 219 2 Reuter LONDON, Tues., Britain's Labour Government tonight admitted It has failed to push through a controversial Socialist Bill against strong opposition in Parliament. Employment secretary Mr. Albert Booth said the Government would accept an amendment proposed by the House of Lords which reduces the
      Reuter  -  219 words
    • 26 2 AP WELLINGTON, Tues. A New Zealand firm will sell 13,000 tonnes of beef, and mutton to the Soviet Unton, It was reported today AP
      AP  -  26 words
    • 442 2 Reuter BRUSSELS, Tues. The North-South dialogue resumed In Paris today facing a virtual breakdown on two matters vitally important to Third World countries. Officials said there had been no progress on the question of financing by the developed countries of the common fund to
      Reuter  -  442 words
    • 325 2 Reuter MANILA, Tues., The Philippines, one of the world's major sugar exporters, may soon be using the commodity to power its motor vehicles under a directive issued by President Ferdinand Marcos yesterday. The directive, declaring the conversion of sugar into alcohol
      Reuter  -  325 words
    • 255 2 Reuter BONN, Tues. German Chancellor Helmut Schmidt said he expects international agreement among major countries on economic, trade and currency policies to continue whoever is in power in Washington, Paris, London or Bonn. He had been asked in a weekend radio interview
      Reuter  -  255 words
    • 83 2 Reuter BRUSSELS. Tues. The Common Market's Executive Commission has imposed its first ever antidumping levy by slapping a 15 per cent tax on imports of Taiwan bicycle chains, informed sources said today. The levy follows complaints from European manufacturers that Taiwan was selling the chains on Community
      Reuter  -  83 words
    • 51 2 AP JERUSALEM, Tues. Israel's consumer price Index rose 3.3 per cent in October, reflecting sharp seasonal Jumps in the cost of clothing and fruit, the State Bureau of Statistics announced yesterday. The index rose 14.5 points to 448 on a 119 bases of 100. not seasonally adjusted.
      AP  -  51 words
    • 166 2 AP SEOUL, Tues., Westinghouse Eletrice of the United States and Britain s General Electric have signed a contract to iointly build another nuclear power plant for Korea Electric (Keco), the state-run Keco said today. A Keco spokesman said the contract was signed on
      AP  -  166 words
    • 135 2 Reuter CALCUTTA. Tues.. The Jute Corporation of India, (JCI) is seeking monopoly rights to buy and export raw jute, corporation chairman S.K. Roy told a press conference. The JCI intends to purchase one million bales of raw jute by next season in order to
      Reuter  -  135 words
    • 101 2 Reuter BRUSSELS, Tues. EEC foreign ministers attending a two-day council meeting gave the go-ahead for talks with Iran on a new trade agreement but postponed a decision on whether the new non-preferential agreement should be expanded at a later date, EEC officials said. Iran has
      Reuter  -  101 words
    • 87 2 Reuter ROME, Tues. The Italian Government is considering extending its earlier proposals for a partial or total wage freeze for the next two years by covering all forms of automatic increases, a government spokesman said. The Government has already put forward a Bill freezing
      Reuter  -  87 words
    • 493 3 LONDON, Tues Reuter UPI BRITISH Prime Minister James Callaghan raised the spectre of the 1930'5, decade of unemployment, unless the world's trading countries could re-establish sustained economic growth. Mr. Callaghan was speaking last night to a formidable company of businessmen and
      Reuter; UPI  -  493 words
    • 248 3 Reuter DUESSELDORF. Tues. The Bundesbank must make more use of its rediscount and open market policies in coming years to cover the German economy's growing need for Central Bank money, Westdeutsche Landesbank Girozentrale said. In a special study, the semi-public credit institute suggested
      Reuter  -  248 words
    • 270 3 NEW YORK. Tues Reuter I He. British Government, concerned about the strengthening force of protectionism in these times of economic difficulty, has urged the United States to relax its existing quotas on certain goods, and generally take a less protectionist attitude
      Reuter  -  270 words
    • 96 3 Reuter JOHANNESBURG, Tues., Fighting at Impala Platinum over the weekend claimed the lives of at least eight mine workers, and about 55 more are in hospital, Impala Platinum Ltd chairman I.T. Greig told Reuter. Mr. Greig said very few of the 9,000 to 10,000 men
      Reuter  -  96 words
    • 23 3 WASHINGTON, Tues. American farm exports for the year ending next Septemeber probably will equal last years record of US$22.B billion, an
      23 words
    • 74 3 Reuter LONDON, Tues. The index of UK retail sales fell to a provisional 107.5 in October (base 1971). seasonally adjusted, from 108.H in September and compares to 104.8 in October last year, the Industry Department said. Retail sales by value, not seasonally adjusted, rose a provisional
      Reuter  -  74 words
    • 201 3 Reuter PARIS, Tues. The French Association of International Metal and Ore Traders said the dally official straits tin quotation has been replaced by a system of free price revisions subject to government scrutiny. An association spokesman said that as from yesterday French metal
      Reuter  -  201 words
    • 187 3 Reuter WASHINGTON, Tues. Foreign official assets in the United States increased by US$l.2 billion during -the third quarter, slowing from the increase of US$3.2 billion in the second quarter, the Commerce Department said. Smaller inflows from the members of the Organisation
      Reuter  -  187 words
    • 96 3 Reuter FRANKFURT. Tues. German electrical industry direct Investments abroad rose to 4.67 billion marks at end-June 1976 from 4.42 billion at end-1975 and 4.17 billion at end-June 1975, a spokesman for the industry's association (Zvei) said. During the same period foreign investment in the German
      Reuter  -  96 words
    • 183 3 TOKYO, Tum. Reuter THE Finance Ministry announced a new system of reserve ratios for Japanese Banks' external liabilities, which could be used in future to force the banks to shift more financing to the yen from the dollar. A ministry spokesman said the system,
      Reuter  -  183 words
    • 291 3 Reuter WASHINGTON, Tues. The United States Industrial production index fell by 0.5 per cent last month, making the second consecutive monthly decline, according to the Federal Reserve Board. The Fed had originally reported the index unchanged for September, but has since revised
      Reuter  -  291 words
    • 61 3 Reuter WIESBADEN. Tues. The German producer prices index rose 0.1 per cent in October compared with September to 142.4 base 1970. the Federal Statistics Office said. This compares with a monthly rise of 0.2 per cent in September and brings the index to 4.6 per cent higher
      Reuter  -  61 words
    • 922 3  -  By COLIN BICKLER Reuter SIX weeks after President Ferdinand Marcos announced that offshore banking could start Immediately in the Philippines, international bankers are still awaiting the final guidelines before deciding whether to enter the business. Bankers here told Reuter that at the present rate,
      Reuter  -  922 words
  • Page 2 Advertisements
    • 446 2 You have only one face make the best of it. Advice from Business Times. i L Mm 1 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
      446 words
  • Page 2 Miscellaneous
    • 349 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Nov. 16 at Singapore airport: Maximum temperature 29.1 C Associated humidity 76 Minimum temoerature 23.0 C Associated humidity 98 Hours of Sunshine 1.10 Rainfall in millimetres Trace Total rainfall for the month 179.3 Total rainy days for the
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  • Page 3 Advertisements
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    • 394 3 PA provides comprehensive management consulting services i GROUP MARKETING MANAGER Around $100,000 p.a. A leading manufacturer and distributor of consumer products with extensive marketing operations through the retail trade in Malaysia and Singapore has an opening for an organisationallymature senior executive for the position of Group Marketing Manager, This is
      394 words

  • COMPANY NEWS
    • 844 4 FOR the past one month, a Malaysian fishing boat has been venturing beyond the 12-mlle limit carrying out important research work In the South China Sea. Soon it will be reinforced by two other boats so that a wider area can be covered. The boats are
      844 words
    • 1224 4 FOR the Central Securities group, the sharp reverses suffered by its two associates Perak Carbide Corporation and Adhesive Tape Incorporated (M) in the vear ended May 31, 1976 are likely to adversely affect its results again. In the past financial year, the group
      1,224 words
    • Company meetings
    • 351 4 Currant Ex Date Total for Total for payment Date payable the year previous year EMoOrd. 5%TE+ Oct. 13 Nov. 17 4%TE+ 18%TE EssoPraf. 3%TE+ Oct. 13 Nov. 17 3%TE+ 10% TE B.M. Trustees 15% Nov. 9 Nov. 19 15% 15% T. Cement Pref. 6% Nov. 4 Nov. 22
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    • LATEST RESULTS
      • 67 4 METAL BOX SINGAPORE Group pre-tax profits $2.18 million ($1.79 million) on sales of $27.03 million ($22.57 million) for the first half-year ended Sept 30, 1976. Estimated taxation $879,000 ($739,000) making aftertax profits of $1.30 million ($1.05 million). Parent company pre-tax profits $1.84 million ($1.87 million) on sales
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      • 49 4 PAHANG CONSOLIDATED Pre-tax profit of M 52.99 million ($5.28 million) for the year ended July 31, 1976. Turnover $25.6 million ($23.7 million). Tax $1.35 million ($2.15 million), extraordinary losses $2.33 million (profit $1.88 million), making deficit $693,000 (profit $5 million). First and final dividend 10 per cent.
        49 words
    • 77 4 BUOYED bv Impressive interim results, Island and Peninsular Development has raised its first interim dividend by one point to seven per cent for the current year ending March 31. 1977. It will be paid on Dec 29 to shareholders on its register on Dec 17. In
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    • 855 4 Mergers unusual burst of activity Financial Times LONDON, Tues. Since the beginning of September four take-over bids have been referred to the Monopolies Commission an unusual burst of activity. If the Office of Fair Trading had had its way. the number would have Increased to five. A reference of the
      Financial Times  -  855 words
    • 196 4 REFLECTING the rather uncertain future it faces, Kampong Lanjut Tin Dredging has cut its interim dividend by five cents to 15 cents for the current year ending March 31, 1977. Much of the uncertainty relates to the cessation of its mining operations and the reorganisation of
      196 words
    • 100 4 MURATA Manufacturing of Tokyo has achieved a sharp turnround in the first halfyear ended Sept 30, 1976. It made an after-tax profit of 931 million yen ($7.76 million) on gross sales up to 22.73 billion yen from 10.08 billion yen. This compares with a deficit of 590 million
      100 words
    • 1122 4 On November 15 PRICES on the Chicago Board Options Exchange were higher on Monday, with advances topping declines 302 by 124. Turnover was 58,135 contracts compared with 56,868 on Friday. OPTION JAN APL JLY STOCK Alcoa 45 7 1/4 NOL NOL 52 1/4 Alcoa SO 3 1/4
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  • Page 4 Advertisements
    • 610 4 Straits Steamship Company Limited ("Straits") Ben and Company Limited ("Ben") The Boards of Straits and Ben announce that agreement in principle has been reached between them on a merger of Ben with Warehousing Transportation Pte. Ltd. ("W T"), a wholly owned subsidiary of Straits. The detailed terms of the merger
      610 words

  • INTERNATIONAL COMPANY NEWS
    • 187 5 Reuter TOKYO, Tues The Japanese Finance Ministry plans to continue permitting foreign Issuers to float yendenominated loans at the rate of one loan a month. Ministry sources said. They said the waiting list is long with more than 30 prospective borrowers. Local securities sources said
      Reuter  -  187 words
    • 183 5 Reuter LONDON, Tues. Dow Chemical Korea and Korea Pacific Chemical Corp have been granted loans totalling US$6l million by an international banking consortium, co-lead manager European Banking said. Interest on the loans, which have a 6V2 year maturity is payable at 17* per cent above
      Reuter  -  183 words
    • 50 5 TOKYO. Tues. Despite a 14.6 per cent sales increase to 463.89 billion yen from 404.72 billion yen, after-tax profit at Kawasaki Steel was fractionally lower at 3.51 billion yen (3.53 billion yen) for the first half-year ended Sept 30. 1976. It is maintaining the interim dividend at 2.50 yen.
      50 words
    • 30 5 LONDON. Tues international Computers (Holdings) said it formed a new wholly-owned Malaysian subsidiary. International Computers (Malaysia) to take over its branch activities there. The share capital is M 550.000.
      30 words
    • 36 5 TORONTO. Tues. The Toronto Stock Exchange said Ford Motor of Canada declared a US$l.25 regular quarterly dividend, plus an extra dividend of $2.88. payable on Jan. 4 to shareholders on record on Dec. 10.
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    • 249 5 Reuter FRANKFURT, Tues. Monsanto of St. Louis will have a record year In 1976 with both net income and sales, but will not earn the US$ll a share ($8.63 last year) some analysts have forecast, vice president and treasurer, Mr. Richard O' Sullivan, told reporters. The
      Reuter  -  249 words
    • 82 5 FRANKFURT, Tues. The European Investment Bank's 100 million mark maximum eight-year Eurobond is expected to have a seven per cent coupon and be pried at 991/ 2, per cent, bond market sources said. Strong demand has enabled a reduction in coupon from the originally envisaged 71/4 per cent they
      82 words
    • 220 5 Reuter WASHINGTON, Tues The World Bank is considering floating a bond issue in the Hongkong market if it can obtain approval of the Hongkong Government and clear up certain legal questions. a senior bank official said. Deputy treasurer, Mr Hans Hitmair, said in
      Reuter  -  220 words
    • 73 5 OTTAWA, Tues The Bank of Canada said its new bond issue, announced last Friday, will carry the following prices and approximate yields. The B'4 per cent of Feb 1. 1979. priced at 99.65 to yield 8.42 per cent. The Bv 2 per cent of Dec 15, 1981 priced
      73 words
    • 169 5 TOKYO. Tues. With the rise in activity in the stock market, Japanese securities firms are enjoying bullish earnings in the current year. Among those reporting a big jump in interim earnings were Nomura Securities and Yamaichi Securities, with net profit rising 83.8 per cent and
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    • 174 5 Reuter CLEVELAND, Tues. Chairman of the New York Stock Exchange, Mr. William Batten, told a press conference he personally felt the NYSE should establish a market for trading options. Mr. Batten, who is meeting with member firms and listed companies' executives here, said recommendations on
      Reuter  -  174 words
    • 156 5 Reuter NEW YORK, Tues. Exxon Corp expects its capital and exploration expenditures over the next four years to total about US$2O billion, its president, Mr. Howard Kauffman, told an Institutional shareholders meeting. He said about 60 per cent of that amount would go towards discovery
      Reuter  -  156 words
    • 172 5 Reuter TOKYO, Tues. Though gross sales slipped two per cent to 591.38 billion yen (603.94 billion yen) aftertax profit at Nippon Kokan Kasiha nearly doubled from 1.6 billion yen to 3.12 billion yen In the first six months ended SeDt 30, 1976. The Interim dividend is
      Reuter  -  172 words
    • 52 5 WILMINGTON, Tues. Du Pont said the directors declared a year-end extra 50 US cents dividend in addition to the regular quarterly $1.25 dividend, both payable on Dec 14 to shareholders on record on Nov 23. This brings dividends for the year to $5.25, against $4.25 in 1975. Du
      52 words
    • 1115 5  -  By JOHN MOSS FT SHELL, the multinational oil company, is getting going again but with coal this time. And it is not a question of "that's Shell, that was," but a hard-headed decision to take a new turn to coal on the part of
      FT  -  1,115 words
    • 64 5 PARIS. Tues. Citroen has suffered a fall in revenue from 24.36 million francs to 22 45 million francs in the first nine months of this year. Net turnover of main subsidiaries in the same period: Sa Automobiles Citroen 8.04 billion francs (6.36 million francs), Ste Commerciale Citroen 1.65 billion
      64 words
    • 135 5 LONDON, Tues The current year at Metal Box is turning out to be a buoyant one for the company. Reporting a 97 per cent jump in pre-tax profit to 124.23 million from £12.3 million for the first six months ended Sept 30. 1976, Metal Box
      135 words
    • 304 5 Reuter ANCHORAGE, Tues. Alaska Governor Jay Hammond said that the State has signed tentative agreements to sell its one eighth Royalty Gas share to three companies, subject to the approval of a trans-Alaska pipeline route to get the gas out of Prudhoe Bay. Three
      Reuter  -  304 words
    • 106 5 Reuter SYDNEY, Tues. Southern Pacific Petroleum said The Reggente No 2 well in Italy flowed gas at a rate of 1.25 million cubic feet per day through 1/4 inch top and bottom chokes. The flow was obtained in the interval 1,353 to 1,359 metres, not previously tested in
      Reuter  -  106 words
    • 1061 5  -  AEG AND SIEMENS By GUY HAWTIN FT BY the time the accountants have finished their sums. AEG-Telefunken's Involvement in the nuclear power field will probably have cost the concern DMI.S billion, give or take DMIOO million or so. A firm final figure cannot yet be
      FT  -  1,061 words
  • Page 5 Advertisements
    • 41 5 FOR SALE USED GENERATING SETS ENGLISH ELECTRIC MODEL 12CSV 1000 KW, 6600 VOLTS, 3 PHASE, 50 CYCLES, 750 RPM, COMPLETE WITH SWITCH PANEL, THREE UNITS AVAILABLE FOR FURTHER DETAILS WRITE TO: CHUAN HUAT ENGINEERING (PTE.) LTD. 23, TYRWHITT ROAD, SINGAPORE 8
      41 words
    • 211 5 To support 0ver42,500 kilos of tractor, Sime Darby Engineering were called in on the ground floor. When Tractors Singapore needed supplier can make, specially toughened flooring for their new For the past 65 years, at their Research workshop in Jurong, they chose Masterplate and Technical Centre in the U.S.A., one
      211 words

  • 1909 6 SECTION ONE INDUSTRIALS 1976 High Low Company Last Sale ♦orGr* Div c'rr Gr'» y'M P/E Vol COM) Day Hick Low 250 206 100 237 186 402 204 248 460 137 170 172 60 185 66 254 149 172 394 39 Acma Alcom Allied Choc Bata Ben Boustead
    1,909 words
  • 1003 6 BID and offer prices officially luted and business In and reported to the Stock Exchange of Singapore yesterday with the .number of shares traded shown in brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board
    1,003 words
  • 154 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager'i price* for Nov 17) (Current prices) INCOME BOND 1.07 1.13 The Commerce 18# 1.7# The Saving fund 0.97 102 MARA BUMIPUTRA FUND S pore Pro« Fund S pore Security Fund 0 81 0 88 1.26 1.33 (Managers' prices for Nov 17)
    154 words
  • 371 6 S'pore Govt 5 1/2% Taxable Loan No 2 With A I 1975/Ut Dec 1977 (1,000,000) (101.688 101.788) S'pore Govt 5 1/2% Taxable Loan No 1 With A I 1976/Isth Apr 1978 (1,000.000) (101.638 101.728) S'pore Govt 6 3/4% Taxable Loan No 1 With A I 1975/Isth
    371 words
  • 1126 6 BID and otter prices officially listed and business In and regorted to the Kuala Lumpur tock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INOUtTIIIAta (18JB 1.868). Altam (2.128 2.158). XD. AMI. Maid (0.908). A. Cite*
    1,126 words
  • Page 6 Advertisements
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      120 words

  • 448 7 QUIET trading conditions persisted at the Stock Exchange of Singapore yesterday. The trend was barely steady. An attempt at rally during the morning session in sympathy with the better overnight Wall Street trend proved too feeble to sustain. At higher levels sellers were drawn out in numbers.
    448 words
  • 453 7 SHARES marked time in very quiet trading on the Kuala Lumpur stock market yesterday. The prevailing conditions suggested that buyers and sellers were playing themselves to a stalemate. Investors and dabblers, too, were holding back their commitments while anxiously waiting for news on the outcome
    453 words
  • 145 7 Reuter TOKYO, Tues. Westinghouse Electric Corp has offered to sell its cotour television tube plant at Horseheads. New York, to Sony, the Japanese company said. Westinghouse plans to close or sell its colour tube business by December this year, it said. Sony Corp said
    Reuter  -  145 words
  • WALL STREET AND OTHERS OVERSEAS MARKETS
    • 1112 7 NEW YORK: The stock market mounted a small rally, but trading was very dull on Monday. Analysts said the rebound was largely technical with no news In the background to turn psychology around. The low turnover indicated the absence of buyers, they said. Volume approximated 16 million shares.
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    • 294 7 AMSTERDAM: The market was narrowly mixed in quiet condition on Monday, dealers said. Dutch Internationals were mostly lower. Unilever rose while Philips closed unchanged after rising on strong early demand ahead of its third quarter figures due on Tuesday. Banks, Insurances, industrials and trading stocks were mostly higher and
      294 words
    • 296 7 ZURICH: The market drifted lower in moderately active trading on Monday. Laist week's easier trend on Wall Street and fears of an increase in the Opec oil price contributed to the fall of the market, dealers said. The Credit Suisse index rose 0.2 point to 203.8. Bankgesellschaft was weaker
      296 words
    • 433 7 JOHANNESBURG: Gold shares traded quietly steady at higher levels in line with London indications although dealers noted some slackening in activity ahead of the afternoon fixing on Monday. Dealers said gains were not large with heavyweights around 50 cents higher, and lightweights up to seven cents above the close
      433 words
    • 225 7 FRANKFURT. Most shares lost up to five marks on Monday, amid fears of a substantial Opec oil price increase, market sources said. Banks and motors lost up to 5 50 marks, while engineerings, steels and utilities were up to four easier. Chemicals and electrlcals lost up to 2.70. Public
      225 words
    • 145 7 MILAN: The market closed firmer over a broad front In active trading on Monday, following the government's wage freeze proposals, dealers said. All leading industrials firmed but Pirelli E C were marginally lower against the trend Insurances and flnanclals were also higher, after recent losses Bonds were actively firmer
      145 words
    • 409 7 PARIS: The market was generally mixed In dull, thin trading on Monday, dealers said. Most sectors were mixed but motors rose, and metals and engineerings fell. Banks and other flnancials were steady. Citroen and P«i|«o( led the advance In motors, each rising Just over one per cent. Citroen earlier
      409 words
    • 314 7 TORONTO: Mines and paper lasues dropped markedly while some blue chips regained part of last week's losses in light trading on the Toronto Stock Exchange on Monday Alcan climbed 5/8 to 24% on news of a strike settlement In three Quebec smelters Chrysler added l to and Calgary Power
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    • 407 7 SYDNEY: The market was again lower In dull trading on lack of buying Interest, on Tuesday, dealers said. The Sydney All-Ordinaries fell 1.95 points to 418.90. BHP closed unchanged at A 56.68, while lte rights lost a cent to $2.45. CSR lost 10 cents to $3.70, while Queensland mines
      407 words
    • 181 7 BRUSSELS Belgian stocks were mixed after the long holiday weekend In quiet trading on Monday, although most Closed higher. Bourse sources said. Vieille Mon(i(n«, Hoboken, CB, Tabacofina and electricals rose but Union Miniere and UCB fell. St Roch made small losses after announcing higher first 1976 nine month sales
      181 words
    • 458 7 HONGKONG: The market eased further in quiet trading on Tuesday, amid general lack of buying interest and continued nervousness about the oil price situation, dealers said The Hang Seng Index fell 2 09 points to 385 47. Turnover on the four exchanges totalled HK522.19 million, compared to Monday's $25.17
      458 words
    • 166 7 MANILA: Mining and oil issues firmed slightly on Tuesday In moderate trading on barsainhunting, but commercials declined in quiet trading, dealers said Oil turnover was moderate amid market rumours of good signs on the cities services drilling off Palawan Island and possible natural gas at the Philippines National Oil
      166 words
    • 455 7 TOKYO: The market declined on profit-taking on Tuesday led by motors and electric appliances. dealers said. The Down Jones average fell 34 45 to close at 4,513.71, with volume 220 million shares. The New index lost 2.02 to 346.16. Nissan Motor lost 14 to 526. Toyota Motor 15 to
      455 words
    • 85 7 NOV 1* Baht* Asia Fibre 1 IBS unch Bangkok Bunk 231 unch Bangkok Invest 147 30 Bangkok-Metro-polltan Bank Bata 335S BerllJucker Charoong Thai Wire 145S unch Dumex Duslt Thani Faber Merlin First Trust -.ft as -164 Indo-Thai 180S 10 J And J Ho 145S -1 Jalaprathan Cement 70 unch
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    • 92 7 FINANCIAL TIMES INDUSTRIALS Monday 3118 Friday 308 9 Week ago 291 0 TINS Monday Friday 124 88 Week ago 117.21 RUBBERS Monday Friday Week ago OILS Monday 374.53 Friday 368 15 Week ago 352 01 IM)W JONES AVERAGE INDUSTRIALS Monday 935.42 Friday 927.69 Week ago 933.68 LONDON DOLLAR PREMIUM
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  • Page 7 Advertisements
    • 94 7 CEpHQE a BRIGHTER FUTURE FOULKS 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 Administrative
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  • COMMODITY REPORTS AND PRICES
    • 733 8 THE Singapore rubber market opened one cent lower due to sterling's steadiness after which prices fluctuated within a one cent range, dealers said. Fair demand was recorded in lower grades to various destination. Forwards trading was sparse due to buyer hesitancy at the quoted premium while turnover was
      733 words
    • 115 8 DAILY SSR and SMR prices at noon yesterday: Nov. Dec. R.A.S. (Current Mth) (forward Mthl Buyer* Selleri Buyers Sellers (cent* per kg) (cent* per kg) SSR 20 (1-ton Pallet) 190.50 191 50S 191.50 192 50N SSR 50 (1-ton Pallet) 188 00 190 OON 189 00 191.OON SMR5CV
      115 words
    • 252 8 THE Straits tin price In Penang yesterday rose $14.00 to close at $1,229.00 per picul on an official offering up 24 tonnes to 310 tonnes. In LONDON yesterday, tin declined by mostly £69 per tonne In both contracts. The continued firmness at Penang set the early premarket tone
      252 words
    • 30 8 Rubber: Nov 16 Singapore: Dec. 207.50 eta (up 0.25 ct.) Malaysia: Dec. 213.25 eta. (down 0.25 ct) Tin: $1,229.00 (up $14.00) Official offering: 310 tonnes (up 24 tons)
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    • 68 8 LONDON, Tues. Lead lost £2.75 per tonne for Cash and £2.25 for Three Months. The metal drifted lower although short covering and what appeared to be nearby pricing operations steadied the market at the lower levels, dealers said. Sales were 2,400 tonnes. On Monday afternoon, lead on the day
      68 words
    • 127 8 THE following Palm Oil were i Rotterdam and are quoted In I quoted in London on Monday The price are elf JS dollars per long ton unless otherwise stated Monday Prev. Malaysian 5% ffa bulk Dec Jan Feb Sumatra 5% Nov Dec Jan Feb Mar ADI Nigerian 5%
      127 words
    • 225 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICI'L YESTERDAY. Coconut Oil: Bulk $14 sellers, old drum $79 sellers, new drum $84 sellers. Copra: Mixed (loose) UK/Cont. $46 buyers. Pepper: Munlok ASTA white f ob 100% NWL $317' i sellers. Sarawak white f ob 96% NLW $300 sellers.
      225 words
    • 339 8 IN the Singapore gold market yesterdav, the London delivery gold was initially quoted at U*****.00 per ounce in line with the easier trend in the American gold futures market on Monday. Thereafter In hectic two way trading the metal was strongly bldded to a high of U*****.80 on short-covering
      339 words
    • 256 8 LONDON, Tues. Copper wirebars fell by mostly £14.50 per tonne. Values gave ground on the pre-market where Three Months traded down from £829 per tonne to an opening ring deal of £822. Subsequently, the decline continued to £818 per tonne before losses were pared and up to £821 was
      256 words
    • 80 8 LONDON. Tues. Zinc declined by £4 per tonne all round. Values followed the downward trend in other base metals and silver under liquidation and hedge selling although there appeared to be further shortcovering interest at the lower levels against recent physical business. Turnover of 3,975 tonnes was boosted by
      80 words
    • 139 8 BANGKOK, Tues Indicative prices for rice quoted yesterday were: US dollars per tonne FOB basis Bangkok. Loonzaln. Unchanged. Parboiled: Unchanged. Maize: Unchanged. In HONGKONG yesterday. the market was quiet with prices down 20 to 50 cents per plcul. The day's turnover totalled 289 tons comprising Thais 98. Kwangtungs 113
      139 words
    • 144 8 CHICAGO. Mon. Soybean futures dropped sharply on speculative selling prompted by the weakness of soybean oil futures and closed with losses of 15-3/4 to 23-1/2 cents a bushel. With buying interest limited, losses in oil generated local and professional selling in beans and the downtrend in prices accelerated on
      144 words
    • 125 8 CHICAGO, Mon. Wheat futures closed with gains of 4to 6'/« cents a bushel after recovering from early weakness. Prices slipped early on weaknesses in soybean and corn futures but selling pressure was not strong and the loss of downward momentum prompted shortcovering which turned prices upward. Commercials appeared on
      125 words
    • 118 8 LONDON, Mon. There was a total of 51,117 packages of tea offered at this week 's auction the Teabrokers' Assoc. said. Apart from best quality teas. Assams were an irregular two to six pence per kilo lower particularly towards the close of the sale. Dooars dusts were
      118 words
    • MONEY AND EXCHANGES
      • 637 8 INTEREST rates for overnight funds in the Singapore domestic money market saw a drop of about Vs per cent yesterday from the opening level of 3% per cent to 3* per cent at the close. Overnight rates fell throughout the day with a large part of the business done
        637 words
      • 181 8 Asian rate ASIAN currency deposit interbank rates as at close on Nov 16 L'S Dollar* (Spot) Offer Bid 7 days <1/1 5 7/8 1 mth 5 i/a 5 2 mths 5 7/16 5 5/16 3 mths 5 5/8 5 1/2 6 mths S 1/1 5 3/4 9 mths 6 5
        181 words
      • 41 8 RANGE of prices offered by discount houses on Nov 16 Overnight 3% Call deposit 2 7/8 to 3* (tanac Buy Helling 3-Month 3-M^fth* r 31/I Bank bills 3 15/16 3 13/16 3-Montt)sCD 4 3 «-Month 4 1/2 4 j/g
        41 words
      • 116 8 Euro rates LONDON, Tues. Eurodollar deposits opened unchanged and held steady In early quiet conditions, dealers said. They reported a fairly thin market reflecting a lack of prime name taking interest and a relatively light rollover calendar during the day. Some dealers saw the Federal Reserve intervention on Monday, to
        116 words
      • 410 8 LONDON, Tues. The Canadian dollar was marked sharply lower as European trading opened reflecting the majority gained by the French Separatist Parti Quebecois in Quebec's provincial election, dealers said. After early indications as low as US$l.Ol4O/ 65 compared with the New York close around $1.0230, it settled in the
        410 words
      • 176 8 NEW YORK. Mon. The Canadian dollar closed slightly stronger than Friday but below its highest levels, with trading confused about the effect of possible separatist gains in Monday s Quebec provincial elections, dealers said here an in Canada. The Canadian dollar closed at 102.32/34 cents, from the 102.27/29
        176 words
      • 81 8 TOKYO. Tues. The US dollar for overnight delivery closed firmer in light trading at 295.10 yen compared with 294.70 at the opening; and 294.75 at Monday's close. The US currency rose on buying by Japanese banks to square their positions and cover import settlement and remittance needs, dealers said.
        81 words
      • 147 8 HONGKONG, Tues. The US dollar lost ground In brisk trading to be quoted at HK54.7790/7810 latterly compared with opening levels of around 4.7940/7960, dealers said. They added that despite this latest decline against the local unit, the US dollar is still at a 19 month low. and attributed the
        147 words
      • 62 8 Minimum tending rates (in ACBC .6*4 First Chicago .6*4 Algemene Bank 7 Citibank 6% Bangkok Bank .7% HSBC 7 Bank of America 6*4 Indosuez 7 Bank of China .IV, Malayan Banking 6*4 Bank of Tokyo .6*4 Mitsui Bank 6*4 Bank Negara OCBC 6*4 Indonesia .7* OUB 6*« Chartered Bank .6*4
        62 words
      • 42 8 ZURICH exchanges quoted on Nov 15: US 2.4420-4428 UK 4.0055-0085 Can 2.5015-5035 WGerm 100.90-96 Neth 96.47-53 France 48 99-49.03 Belg 6.58-1/4-59 Denin 41.24-27 Norw 46.13-16 Swed 57.65-69 Italy 0.2821-2825 Austria 14.20-22 Port 7.75-78 Spain 3.57-57-1/ 2 Arg 1.25-2.25 Japan 0.82-3/4-83-1/ 4
        42 words
      • 33 8 FRANFURT exchanges quoted on Nov 16: US 2.4195/ 4210 (2.4190/4200) Can 2.4642/62 UK 3.970/985 Neth 95.52/67 Switz 98.95/99.10 Italy 2.790/805 France 48.45/60 Norw 45.72/76 Belg Com 6.51/53 Belg Fin 6.49/51 Japan 0.8202/17
        33 words
      • 56 8 AUSTRALIA/ NZ exchanges quoted on Nov. 16: Australia: Sterling 0.7567/ 0.7489 US dollar 1.2352/ 1.2302 Ninety day air mail buying rates: Sterling 0.7909. US dollars 1.2110 Ninety day forward buying rates: Sterling 0.7555, US dollars 1.2110 New Zealand: Sterling 0.5892/ 0.5858 US dollar 0.9710/ 0 9610 Ninety day forward
        56 words
      • 302 8 LONDON, Tues. Eurobonds were steady to a shade firmer in moderate to active turnover, dealers said. Dollar bonds gained up to 1/4 while in first time dealings. the New Zealand 8-1/4 per cent issue due 1981 and priced at 100-1/4, traded around 99-1/4 99-3/4 before firming slightly to
        302 words
    • 183 8 LONDON, Tues. Silver lost 10.1 to 11.5p per troy ounce. A mark down In the premarket against weak US futures and lower gold was followed through into ring trading as long liquidation some stoploss selling found modest scale down buying response. Three Months traded down to 276p before final
      183 words
    • 162 8 LONDON, Tues., Robusta futures opened steadier £14 to £20 up from Monday's close. 188 lots were traded. Trade and commission house buying lifted values higher initially with Mch£2o up from Monday's close at £2,356/2,358 buyer seller. Dealers said the rise was in line with New York's closing strength. On
      162 words
    • 176 8 LONDON, Tues. Futures opened steady £0.75 lower to £0.85 higher than Monday's closing levels. Sales totalled 673 lots. Trade selling in the nears was fairly well absorbed while the posting of 10,000 long tons (200 lots) of Mauritius raw sugar tenders had no immediate impact on the near Dec
      176 words
  • Page 8 Advertisements
    • 83 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times I BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) n BUSINESS TIMES Subscription Form Name: Address: Designation Payment tor S is enclosed All subscriptions are payable in advance and
      83 words

  • TRANSPORT AND COMMUNICATIONS
    • 1388 9  -  By WILLIAM STEVENS NYT NO BANDS will play. No birthday parties are planned. Few people hereabouts are even aware of the occasion not even here in the wide open spaces, where superhighways are not only an inseparable part of the free life
      NYT  -  1,388 words
    • Article, Illustration
      431 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Tian San No. 2 (0800 alongside Bunga Setawar) 19 Bunga Setawar (0500 after Gao Shan) 19 Chidambaram (0900 after Gold Mountain) 42/43 Effie Maersk (2000 after Yannis) 45 Indian Mail (after Shropshire Draft 9.1 m) 6/7 Kyotoku Maru (0800) 25/26 Lloyd Bakke
      431 words
    • 338 9 AP ROME, Tuei. The difficulties of travelling around Italy reached a new peak of intensity today, when all commercial air travel was shut down because of a nation-wide strike by about one million public employees. The strike involves firemen assigned to provide safety
      AP  -  338 words
    • 159 9 Reuter TOKYO, Tues. The Japanese Defence Agency has decided to postpone until next August the selection of a new-generation anti-sub-marine patrol plane which was originally scheduled for by the end of this year, a spokesman said today. The spokesman said the decision to
      Reuter  -  159 words
    • 93 9 Reuter HONGKONG, Tues. North Korea and the Yemen Arab Republic have signed an agreement on air transport between them, the North Korean Central News Agency reported today. The agency, monitored here, said the agreement was signed in Pyongyang yesterday by North Korean director of the
      Reuter  -  93 words
    • 95 9 AP GENOA, Tues. A delegation from Iran met yesterday with the owners of the luxury liners Michelangelo and Raffaelio to discuss terms for sale of the two Italian ships. Press reports said the Iranian Government is ready to pay 22 billion lire about Ss6o million
      AP  -  95 words
    • 197 9 AP LONDON. Tues Expanded ore and coal fixing have recently offset a reduction in the volume of North American grain chartering and thus enabled shipowners to maintain a reasonably firm rate tone, at least for medium and small buikeri Spot loaders also continue to command a good premium
      AP  -  197 words
    • 541 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE PAA PA841 0950 SFO/HNL/ GUM CAL CI816 1000 HLP JAL JL712 1000 HLP SIA SQ211 1010 HLP CPA CX710 1030 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK THAI TG981 1045 BKK GIA GA908 1100
      541 words
  • Page 9 Advertisements
    • 293 9 in/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2. v AT V We Help You lb Mind four Own Business industry rade industry i n I********** hrade.vindustryltrade. J indujtry The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy
      293 words

  • 1094 10  -  MEXICO IS UNDERGOING ITS MOST SERIOUS CRISIS OF CONFIDENCE SINCE THE STUDENT RIOTS IN 1968 By ALAN RIDING Financial Times PRESIDENT Luis Echeverria of Mexico has launched a fierce offensive against "counter-revo-lutionaries" and "selfInterested minorities," during his final weeks in office, instead of
    Financial Times  -  1,094 words
  • 752 10  -  By ROBERT HERSHEY NYT PROBABLY no other subject these days arouses expressions of business frustration with Washington as easily as the Arab's economic boycott against Israel. This is largely because the boycott is, on its face, a simple issue about which there
    NYT  -  752 words
  • 1043 10  -  By DAVID EGLI Financial Times THE OVERALL value and the number of Swiii watches sold abroad is again on the decline, although the drop thia year is not nearly as bad as that experienced in the previous 12 months. Indeed, it may
    Financial Times  -  1,043 words
  • Page 10 Advertisements
    • 866 10 APPOINTMENTS if. 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 with wholesalers, shipchandlers,
      866 words
    • 119 10 MORTGAGEE S SALE O Valuable Singapore Properties To be held at the Lecture Room ground floor Chinese Chamber of Commerce, Hill Street, Singapore ON THURSDAY, 25, NOVEMBER 1976 AT 2.30 P M. NO. 2 BENG WAN ROAD Area 4750 sq ft 99 years' lease from 20-4-1949 (Not subject to Rent
      119 words

  • Page 11 Advertisements
    • 464 11 Important reading for all businessmen MNESSIi I mm m S i rt» i 1 i i f VII HTI fot w« «♦*> wr« openintf 1 V,. Business Times is specially aimed at Singapore businessmen. Use the pages of Business Times as your salesmen when you want to talk to them.
      464 words

  • 326 12 BANK loans and advances have expanded considerably in the past one and a half years but a larger slice of the increase has gone to general commerce than to manufacturing. Between June 1975 and June 1976, manufacturing's share of total loans and advances fell
    326 words
  • 227 12 AN accounting convention the Third Conference of Singapore Accountants will be opened by Finance Minister. Mr. Hon Sui Sen on Dec 11. The conference will have two main topics: "Accounting for Inflation", and "Auditing Standards problems and difficulties of implementation.'' Organised by the Singapore Society of Accountants
    227 words
  • 155 12 Reuter EINDHOVEN, Tues. Philips has reported a big improvement in third quarter net profit, which rose from 10 million guilders to 125 million guilders, on sales up from 6.5 billion guilders to 7.3 billion guilders. This raised earnings in the first nine months to 357
    Reuter  -  155 words
  • 791 12 LONDON, Tues. The stock market closed easier after a slow session and at 3 p m. the Financial Times index was down 2.7 at 309 1 after a low of 305.2 Light profit-taking depressed equities but prices picked up in the afternoon when selling dried up Government bonds
    791 words
  • 365 12 KUALA LUMPUR. Tues, The Government wti today urged to draw up a revised structure for the tin mining industry so as to give the industry real tax relief. The president of the AllMalaya Chinese Mining Association, Senator Dato Chan Kwong Hon said today changes
    365 words
  • 136 12 AP PARIS, Tues.. The deputy director of the International Energy Agency warned in a speech yesterday, that the world's supply of petroleum is being exhausted at an alarming rate and production will begin to peak by 1990. Mr.J. Wallace Hopkins said that proved sources can
    AP  -  136 words
  • 160 12 UPI HONGKONG. Tues. The month-long autumn Canton Trade Fair attracted 25.000 visitors, the New China News Agency (NCNA) reported today. NCNA, in dispatches monitored here, said during the bi-annual fair, trade discussions were "brisk" between trade staff and visitors from more than 110 countries. The fair
    UPI  -  160 words
  • 65 12 ALGEMENE Bank Nederland yesterday sued Hansraj and Company for $47,210.13 allegedly due on trust receipts. Also filed at the High Court were writs of summons against Hoo Seng Knitting Factory by International Spinning Mills for $46,107.15; Kwong Yew Plumbing and Electrical by Pressed Metal Industries for $39,388.80 and Hekari
    65 words
  • 543 12 UNITY OF CANADA AT STAKE? Reuter UPI MONTREAL. Tues. Quebec's pro-independence party surged to a stunning victory last night in a crucial provincial election that could spell major implications for the future of Canada. The Separatist Parti Quebecois, a left-of-centre political movement with roots in the
    Reuter; UPI  -  543 words
  • 396 12 UPI Reuter BANGKOK. Tues., Thai border police and Malaysian communists fought their largest battle ever along the frontier, reports reaching Bangkok today said. Military sources said army members of the Malaysian Communist Party yesterday killed four Thai border forces and wounded
    UPI; Reuter  -  396 words
  • 67 12 AP jKorea's annual SUFFff}}: count deficit was expected to decline sharply from US$2 billion (554.9 billion), to $500 million this year, Finance Minister Kim Yongwan said. He told foreign diplomats here yesterday he expected the nation s foreign debt servicing ratio to be 10 to 12
    AP  -  67 words
  • 381 12 WASHINGTON. Tues., An Iranian oil official proposed yesterday an international energy bank to sell bonds to energyproducing nations that could redeem them in future years either in cash or in return deliveries of other fuels. Mr. Reza Fallah, deputy chairman of the National Iranian
    381 words
  • 188 12 A NEW semi-synthetic surface for tennis courts has been introduced into Singapore by Skega of Sweden through a local marketing company, Tennis Court Builders. The surface is basically made of waste rubber, from scrap tyres, which has been shredded and sieved to the desired consistency.
    188 words
  • 158 12 AP BANGKOK, Tues. Thailand's martial law regime has introduced a tougher measure against hijacking committed over Thai air space, an air force spokesman said today. The new measure empowers the air force to intercept any aircraft illegally entering Thai skies, the spokesman said. The bill, passed by a
    AP  -  158 words
  • 85 12 THE chairman of the London-based Dodwell Co.. Mr. George Carter, arrived here yesterday to review the company's interests in Singapore as well as to meet business associates in the region. The company, a part of the Inchcape Group, has a network of export buying offices in Singapore,
    85 words
  • 145 12 SEATTLE. Tues. The Boeing Co. says it has come up with a way to protect Its industrial machinery so that aircraft manufacture could begin within 12 weeks after a thermonuclear bomb strike. However, the company said it has not yet found a way to
    145 words
  • 67 12 Reuter HONGKONG, Tues. Chinese Vice Premier, Mr. Li Hsien-nien held talks in Peking today with president Ahmed Bokassa of the Central African Republic, Radio Peking reported. Mr. Bokassa arrived in the Chinese capital earlier in the day on an official visit. He was met at the
    Reuter  -  67 words
  • 120 12 THE Consumer Price Index has reached a low unequalled since January 1975. From January this year, when the Index stood at 147.6, it has been falling gradually all year, until it reached a low of 143.4 last month. Except for May, when there was a slight
    120 words
  • 246 12 THE Minister for National Development and Communications. Mr. Lim Kim San, will be asked whether a decision has been made by his Ministry on the long proposed and long awaited Mass Transit System. This question, filed by Mr. P. Selvadurai, MP for Kuo Chuan, will
    246 words
  • 155 12 KUALA LUMPUR. Tues. Experts of the Association of Natural Rubber Producing Countries (ANRPC) have recommended an action programme to enable member countries to accelerate their production to meet the future world demand for natural rubber. The experts, who ended their third meeting in Kuala Lumpur
    155 words
  • 47 12 AP THE HAGUE. Tues The Dutch Government announced today that it will grant aid totalling 100 million guilders (Ss9B million) for development programmes in Vietnam. The sum includes a soft loan of 15 million guilders and the. remainder as a direct grant. AP.
    AP  -  47 words
  • Page 12 Advertisements
    • 340 12 By family members or company directors contracting 9 with companies or using confiden- fjj tial information for profit.* li Be more aware of Directors' Liabilities and Responsibilities in Awther Singh's 'Company Law of Singapore Malaysia'. A two-volume handbook for Company Directors, Accountants, Auditors or businessmen available at only $135/-. Vol.
      340 words