The Business Times, 20 November 1976
1976-11-20
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The Business Times
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Title Section10 1976-11-20 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, NOVEMBER 20, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1976-11-20 1 Reuter BRUSSELS, Fri. Common Market finance ministers are expected to give the go-ahead on Monday for a US$5OO million (Ssl.2 billion) community loan to be raised on the international capital market on behalf of Italy, EEC officials said today. The money will be used to replaceReuter - 69 words
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Article64 1976-11-20 1 Reuter PARIS, Fri. President Valery Giscard d'Estalng faces a serious political threat this Weekend in four parliamentary by-elections which bring France's leftwing Alliance into collision with proGiscard candidates. The contests are all two-man duels resulting from mainly inconclusive first round balloting last week in which ex-Premier Jacques Chirac,Reuter - 64 words
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Article43 1976-11-20 1 UPI ROME, Fri. President-elect Jimmy Carter has told Italian Premier Giulio Andreotti he will not be able to meet him next month, but would be glad to see him after the inauguration, the Italian Government said today. UPIUPI - 43 words
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Article84 1976-11-20 1 Reuter BEIRUT, Fri. A Middle East airlines jumbo jet landed at Beirut international airport today, bringing the first passengers in nearly five months to what was once the Middle East's busiest air terminal. The plane carried 22 passengers on flight ME 365 A from Jeddah. "It's wonderful" saidReuter - 84 words
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Article77 1976-11-20 1 Reuter FRANKFURT, Fri. West Germany -exported 1,650,000 motor vehicles in the first 10 months of this year 26 per cent more than in the same period last year, the motor industry association said here today. Exports represented more than half the total production, the association said.Reuter - 77 words
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Article86 1976-11-20 1 Reuter LONDON, Fri. The Bank of England today shaved its minimum lending rate from a record 15 per cent to 14.75 per cent. Financial sources said the slight drop of one quarter of a percentage point reflected sterling's improved showing on foreign exchange markets. The poundReuter - 86 words
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Article42 1976-11-20 1 UPI NEW YORK, Fri. Dow Jones averages, based on first hour of trading on the New York Stock Exchange: 30 indus 954.21, up 4.08; 20 transp 222.13, up 0.14; 15 utils 100.65, up 0.25; 65 stocks 306.97 up 0.94. UPIUPI - 42 words
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Chief Price Changes
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Article, Illustration168 1976-11-20 1 A SLIGHTLY better trend attended trading at the Stock Exchange of Singapore yesterday, with prices making marginal headway. Turnover, however, remained low. The Business Times index rose 3.31 points to 250.33 while the Straits Times Industrial average was up fractionally at 248.43. t Rises Most active BtnU168 words
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Article108 1976-11-20 1 Rises Most active Benta Kramat U.A.C. S.E.A. Corp. U.O.B. Inchcape Kempas Oentlng Fa Mega Chem. S. Trading M. Banking EssoOrd. S.P. Text. E.N.E. $2 20 $2.14 .08 .07 U.O.B Haw Par 160.000 90,000 $3 46 04 Inchcape 59,000 S3 10 $3.42 $2.28 $2.52 $2.77 lis $0.52 $5.05108 words
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Article, Illustration1156 1976-11-20 1 QUEK PECK LIM - By QUEK PECK LIM KUALA LUMPUR, Fri. The worst that was feared by the Sime Darby chairman, James Bywater, happened here today when 39 hours of negotiations with major Malaysian shareholders failed to produce a compromise. This left him with no op- f tlon1,156 words
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764 1976-11-20 1 THE International role of sterling as one of the world's great trading currencies has come to an end, with a dramatic announcement by the UK Government of a set of monetary measures designed to protect the pound and prepare a sounder economic future764 words
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Article499 1976-11-20 1 INDUSTRIAL Investment In Singapore has Improved considerably and total manufacturing commitment (or the first half of this year is 50 per cent higher than the preceding six months. This was stated by Mr. J.D.H. Neill, chairman of the Singapore International Chamber of Commerce, at the499 words
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Article462 1976-11-20 1 KUALA LUMPUR, Fri. Members of the Kuala Lumpur Stock Exchange have accepted that a totally new organisation will take over the running of the exchange, In compliance with the Securities Industry Act (1973). They meet tomorrow to put finishing touches to amendments to462 words
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Article148 1976-11-20 1 FABER Merlin Malaysia Bhd said a proposed management tie-up between Merlin hotels and the Goodwood Hotel chain has not materialised. In a letter to the Kuala Lumpur Stock Exchange, Faber confirmed it had preliminary discussions with the chairman of Goodwood Park Hotels Ltd, Tan Sri148 words
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Article242 1976-11-20 1 Reuter UPI DETROIT, Fri The giant United Auto Workers' union today called about 69,000 workers out on strike at 16 key General Motors plants and threatened to cripple the biggest US car maker. If the strike lasts more than a few days, theReuter; UPI - 242 words
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Article63 1976-11-20 1 AP ROME. Fri. Italy's cost of living In October jumped by 3.4 per cent, the equivalent of more than 40 per cent on an annual basis, the Government reported today. It was the highest increase in at least six years. The statistics bureau released the figure theAP - 63 words
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Page 1 Advertisements
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Advertisement62 1976-11-20 1 Ask (or UTTY and get a great Scotch! CUTTY SARK SCOTCH WHISKY INSIDE Market reviews/Chica- OveruM itocki P 1 go Board options/ TV ft Commodities P 8 N v Transport ft Commu°Ve""* NeW p nica lions P Features P 3 DIA Local International Co Features iu news P 5 Local62 words
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Advertisement28 1976-11-20 1 'V £2 THE LATEST S.T.DUPONT IS NOT A LIGHTER. S.^>.Q)ufiorU^ ORFfcVRES A PARIS Sole Agents CASEY ENTERPRISES PTE. LTD., Rooms *****30/231, Stamford House, 39, Stamford Road, Singapore 6.28 words
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Advertisement89 1976-11-20 1 THE PERFECT LOU J 3008-4 The 8-Year Old Scotch the heart of the Scottish Highlands, Glenfiddich is distilled in handbeaten pot 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 you89 words
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MARKET REVIEW
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Article500 1976-11-20 2 KUALA LUMPUR THE Kuala Lumpur Stock Exchange went through another featureless week over the last five trading days. Though activity picked up slightly there was hardly much to distinguish this week from the last with prices moving- fractionally either way. Turnover rose to 4.15 million units valued500 words
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Article455 1976-11-20 2 SYDNEY Reuter THE Sydney stock market showed signs of bottoming out this week, after carving out a new low for 1976. Before Friday's selective buying interest helped prompt a patchy rally, seasoned analysts were beginning to doubt if there would be any end to the slideReuter - 455 words
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Article1281 1976-11-20 2 IVAN FALLON - LONDON ■y IVAN FALLON AFTER rising 32.2 points In a fortnight, this week the Financial Times index seemed to be due a breather. Not a bit of it. Far from the expected reaction, It has gone on steaming ahead, confounding the chartists who a1,281 words
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Article649 1976-11-20 2 SINGAPORE SHARE movements were mere ripples under very quiet trading conditions at the Stock Exchange of Singapore this week. From the much reduced turnover, It would appear that the market was heading towards a hill. Dally turnover during the five-day trading week averaged just over 1.2 million649 words
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304 1976-11-20 2 RONALD LAM - CempjM by RONALD LAM OTHER ANNOUNCEMENTS Strait* Steamship: An agreement in principle has been reached between Ben and Steamers' wholly owned subsidiary Warehousing it Transportation to merge. The merger will be implemented by way of an Issue of shares by Ben to304 words
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Article1269 1976-11-20 2 On November 18 PRICES closed higher on the Chicago Board Options Exchange on Thursday, with 430 contracts up compared with 53 down. Volume was 92,540 contracts compared with 75,269 on Wednesday. OPTION JAN APL JLY STOCK Alcoa 49 8 3/4 NOL NOL 53 1/2 Alcoa SO 41,269 words
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Page 2 Advertisements
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Advertisement480 1976-11-20 2 THESE ARE THE BOOKS THAT HITLER BURNED y, m p mi. L -fLpr A.? w N— T rr- --t: i: L is is •i f" M l- <« r-» r.- T* k -srt ||||II31il„ s aaailv" «sk .rs ~»«r" rz7.- i~ THE GREAT BOOKS OF WESTERN CIVILIZATION 'Vf; S} V/0p480 words
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Page 2 Miscellaneous
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Miscellaneous296 1976-11-20 2 SINGAPORE 5 1.00 P.M. Opening Announcements followed by Sesame Street 2.00 Saturday Matinee "Out Of Sight" Starring: Jonathan Daly, Karen Jensen, Robert Pine, Wendy Wagner 3.20 What's My Line 3.40 Mammoth Band Display (English) (r) 0 4.40 Sandiwara A Malay drama entitled "Mencari Ketenangan" (r) 530 Joe Forrester "The Witness"296 words
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Miscellaneous51 1976-11-20 2 jyL WEATHER report for 24 hours prior to 7.30 p.m. on Nov 19 at Singapore airport: Maximum temperature 31.2 C Associated humidity 68 Minimum temperature 23.0 C Associated humidity 99 Hours of sunshine 7 65 Rainfall in millimetres Total rainfall for the month 186.0 Total rainy days for the month51 words
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OVERSEAS
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254 1976-11-20 3 UPI Reuter TOKYO, Frl. Japanese steelmakers believe they will have to curb exports to the United States In light of a US call for talks with Japan over Its sharply Increased steel shipments to America, Industry sources said today. The sources said steelmakersUPI; Reuter - 254 words
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Article84 1976-11-20 3 Reuter LONDON, Fri. The longterm Credit Bank of Japan intends to offer US$25 million (Ss6o million) of floating rate notes due 1981 through an international underwriting group, First Boston (Europe) Ltd said as one of the managers of the issue. The notes are expected to carry interestReuter - 84 words
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Article69 1976-11-20 3 Reuter PARIS, Fri. The French Foreign Trade Association said the French straits tin price was fixed today at 44.72 francs per kilo compared with 44.10 francs last Friday, the last day on which the price was set by the Association of International Metal and Ore traders. TheReuter - 69 words
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107 1976-11-20 3 Reuter WASHINGTON, Fri. The United States Commerce Department Mid it would alter reporting requirements to help distinguish between firms which actively participate in the Arab boycott against Israel, and those which merely supply Arab countries with information. Under present law, US firms must informReuter - 107 words
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Article48 1976-11-20 3 Reuter PARIS, Frl. Air France will probably make an operating deficit of between 200 million and 220 million francs this year, compared with last year's deficit of 354 million, chairman Pierre Giraudet said. The supersonic Concorde will account for 170 million franc of this. Reuter.Reuter - 48 words
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Article38 1976-11-20 3 Reuter TOKYO, Fri. The Japanese Finance Ministry told local commercial banks to relax their practice of compelling borrowers to deposit part of their borrowings with the banks as compensatory deposits, ministry officials said. Reuter.Reuter - 38 words
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276 1976-11-20 3 LONDON, Fri. Reuter THE price of Saudi marker crude oil has advanced by more than five per cent on the international spot oil market in the past few weeks, responding to widespread stockpiling by users ahead of Opec's pricing meeting nextReuter - 276 words
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235 1976-11-20 3 Reuter ROME. Fri. Italy's trade union leaders said they dismissed as totally unacceptable proposals for holding down wage Increases and reducing labour costs put to them this week by the employers' federation, Conflndustrla. The union leaders said the proposals cannot form aReuter - 235 words
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333 1976-11-20 3 NEW YORK, Fri Reuter FEDERAL Reserve Board chairman Arthur Burns said he is pleased with the direction President-elect Jimmy Carter is taking regarding various structures of economic policy. At a news conference here, Mr. Burns said: "I've been pleased first thatReuter - 333 words
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Article122 1976-11-20 3 AP TOKYO, Frl. Japan and Indonesia signed an agreement In Tokyo today., on a 41 billion yen (***** million) Japanese loan for Indonesia's economic development projects, the Foreign Ministry said. Mr. Klyoakl Kikuchl, the ministry's economic cooperation bureau chief, and Indonesian Ambassador Antonlus Jusef Wltono SarsantoAP - 122 words
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1126 1976-11-20 3 NEW YORK, Pri. ONE of the mysteries of the moment is what Mr. Arthur Burns, chairman of the Federal Reserve Board, had In mind when he said last week that traditional policies of economic stimulation might well be counter-productive. He subsequently1,126 words
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Article127 1976-11-20 3 Reuter TEHERAN, Fri. The British Aircraft Corporation is to supply sur-face-to-air guided missiles to Iran under a £400 million arms-for-oil agreement signed here. The agreement, for Rapier missiles mounted on a tracked vehicle, was reached after eight months of negotiations. The agreement provides forReuter - 127 words
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286 1976-11-20 3 Reuter PARIS, Frl. The French steel Industry will need up to three billion francs next year in Investment funds, after around 2.8 billion francs Investment this year, Industry sources said. Its financing group, Groupement de L'lndustrie Slderurglque (OIS), is planning toReuter - 286 words
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Article73 1976-11-20 3 Reuter PARIS, Fri France had a 4.71 billion franc seasonally adjusted visible trade deficit in October following a 3.35 billion franc deficit in September, the Foreign Trade Ministry said. In October last year the deficit was 1.57 billion francs. The Ministry said the October figure brought theReuter - 73 words
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Article117 1976-11-20 3 Reuter NEW YORK, Fri. Money supply data released by the Federal Reserve Bank was better than generally expected by money market analysts, and, as a result, bond dealers expect a favourable market response. The Fed reported a decline in M-l of US$lOO million and a riseReuter - 117 words
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Page 3 Advertisements
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Advertisement474 1976-11-20 3 The Singapore way In May 1976, the ruling People's Action Party in Singapore made a strong stand against serious allegations by the Dutch Labour Party at the meeting of the Bureau of the Socialist International in London. It culminated in C.V. Devan Nair, the PAP's special representative to the meeting,474 words
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Page 4 Advertisements
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Advertisement288 1976-11-20 4 11:03 a.m r, m m m h: Hong VI -•.w, v m N ft I ff- V.V !h m> v- frifjlWffif.fflMrr'' vV Vf 1 11 f"* v «y*? w w w. feUfi m C ri mi* li Rf| v i V '■mtfr Ml %■> m <'- m m vm 4288 words
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COMPANY NEWS
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911 1976-11-20 5 Reuter FRANKFURT, Fri. Basf expects to pay a higher dividend in 1976 after last year's 1.50 mark cut to seven mark, management board chairman, Mr. Matthias Seefelder said. He declined to specify the rise. Asked if he shared analvsts' views that the doublingReuter - 911 words
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Article242 1976-11-20 5 LONDON, Fri. After suffering a 55.5 per cent profit plunge at midway, Ultramar staged a good recovery in the third quarter to reduce the shortfall to 29.4 per cent for the nine months. In the third quarter ended Sept 30, 1976, pre-tax profit rose by 37.1242 words
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Article159 1976-11-20 5 Reuter ROME. Fri. The Italian Government Intends safeguarding the public sector Interest in Montedison, and will also ensure a dynamic private sector presence in the firm's capital, the Budget Minister, Mr. Tomasso Morlino told Parliament. Montedison needs a capital Injection of around 600 million lire toReuter - 159 words
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Article193 1976-11-20 5 Reuter NEW YORK, Fri. F.W. Woolworth has enjoyed a 133.1 per cent jump in net profit to US$lB.B6 million from $8.09 million on sales up to 51.3 billion from $1.1 billion for the third quarter ended Oct 31, 1976. This reduced the midterm shortfall to only 1.5 perReuter - 193 words
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188 1976-11-20 5 NIJMEOEM, Frl. Estel has reported third quarter net profit of 14 million guilders against a loss of 87.3 million guilders last time. This reduced the ninemonth net loss to 94.2 million guilders from 109.8 million guilders on sales up to 6.89 billion guilders from188 words
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Article133 1976-11-20 5 WASHINGTON, Fri. Before tax book profits of US corporations Increased US$4 billion to a seasonally adjusted $150.2 billion In the third quarter, following an upward revised gain of $5.1 billion In the second quarter, the Commerce Department said. After tax profits Increased $2.1 billion to133 words
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Briefly
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Article105 1976-11-20 5 NEW YORK, Fri. A 15.1 per cent increase in net profit to US$lO.B7 million from $9.44 million on sales of $420.5 million ($4lB million) has been reported by Allied Stores for the third quarter ended Oct 30, 1976. This brings the ninemonth profit to $22.47 million ($18.60 million)105 words
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Article67 1976-11-20 5 MEMPHIS, Fri. Cook Industries Inc will borrow about US$5OO million In short-term loans during fiscal year ending May 31, 1977, executive vice-pre-sident-finance, Mr. Joseph McLeary said In an Interview. The current year's maximum short-term debt will be more than the $412 million borrowed In fiscal 1976 but Interest67 words
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Article58 1976-11-20 5 WASHINGTON, Frl. The Federal National Mortgage Association said it will offer US$l.2 billion In debentures on Nov 23 to retire $1.4 billion In securities maturing In December. The offering consists of $700 million in five-year debentures maturing Dec 10 1981 and $500 million In 10year notes maturing Dec 10,58 words
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Article92 1976-11-20 5 DALLAS, Frl. Halliburton declared a year-end extra dividend of 24 US cents per share and a regular quarterly dividend of 14 cents, payable on Dec 28, record Dec 3. The company increased its 1976 capital spending budget to $317 million. While some of the budgeted funds will actually be92 words
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Article29 1976-11-20 5 BATTLE CREEK, Mich., Fri. Kellogg has raised the quarterly dividend to 27Vi US cent from 25 cents, payable on Dec 15 to shareholders on record on Nov 30.29 words
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Article79 1976-11-20 5 TORONTO, Fri. Imperial Oil said It Is raising the quarterly class "A" dividend to 21.6 US cents from 20 cents and the class "B" dividend to 18.36 cents from 17 cents. The new dividends are payable Dec 29, to shareholders on record on Dec 1. The Exxon Corp79 words
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Article86 1976-11-20 5 NEW YORK, Frl. Union Pacific Corp said its board has approved a two-for-one stock spilt and has raised Its quarterly dividend on presplit shares to 85 US cents per share from 70 cents. The company said the split Is subject to approval of an Increase In authorised common86 words
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Article38 1976-11-20 5 LONDON, Frl. United International Bank said it has jointly arranged with the Kuwait International Investment a nine per cent US$25 million seven-year private placement at par for a Swedish institution. The bank declined to name the borrower.38 words
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Article36 1976-11-20 5 MONTREAL, Frl. HydroQuebec said it completed a private placement of UBsso million 8 3/4 per cent debentures due Dec 15,1996. The provlnclally-owned utility said proceeds will go to general funds and toward its construction programme.36 words
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Article75 1976-11-20 5 OSLO, Fri The Norwegian oil company Norminol will sell the snares of its British subsidiary Norminol UK Ltd to Charterhall Finance Holdings, a Norminol spokesman confirmed. The shares will be sold for 2.2 million crowns. The sale has to be confirmed by the Norwegian and British Governments. Norminol UK75 words
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Article67 1976-11-20 5 FRANKFURT, Frl. The European Investment Bank's 100 million mark loan will carry a 8* per cent coupon and be priced at 99* per cent, Issue manager Deutsche Bank said. After four years of grace It will be redeemed by series drawing In four equal annual amounts, a bank67 words
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Article84 1976-11-20 5 NEW YORK, Frl For the first quarter ended Oct 30, 1976, Campbell Soup has reported a 5.6 per cent rise In net profit to U3924.25 million from $22.97 million on a sales Increase of 10.5 per cent to $439.3 million form $397.7 million. Earnings per share were 74 cents84 words
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Article41 1976-11-20 5 HONGKONG, Frl. Kowloon Motor Bus Is paying an Interim dividend of 10 HK cents on the capital Increased by the recent one-for-four scrip Issue for the year ending Feb 14, 1976. Previously It paid 10 cents on the old capital.41 words
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Article25 1976-11-20 5 NEW YORK, Frl. Finland plans to float US$5O million of external notes, due 1961, with the funds expected to be used for Industrial Investments.25 words
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265 1976-11-20 5 FOR the year ended June 30. 1976 British and Malayan Trustees has Incurred a 20.5 per cent sethack as its chairman, Mr. Tan Hoon Slang forecast at mid-year. Pre-tax profit declined to $83,855 from $105,473. At mid-year, earnings fell 16 Ccent to $31,000 on265 words
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315 1976-11-20 5 THE bounce back in rubber prices has certainly helped Kluang Rubber Company (Malaya) for It reported a 54.4 per cent Jump In pretax profit to M 5401,429 for the year ended June 30, 1978. The substantial Increase was due principally to the higher315 words
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Article169 1976-11-20 5 UNITED Industrial CorS oration has Informed the tock Exchange of Singapore that approval of the recent one-for-four scrip issue has been granted by the appropriate authorities in both Singapore and Kuala Lumpur. The scrip issue will capitalise $3.54 million from reserves. The company's capital and revenue reserves169 words
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Article32 1976-11-20 5 LONDON, Frl. Norsk Hydro said It plans to spend more than one billion crowns on the first phase of a magnesium and ethylene dlchlorlde development at Mongstad. North of Bergen.32 words
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Article210 1976-11-20 5 THE Refrigeration Air Conditioning Contractors' Association has elected the following as office-bearers of the association for 1978/1977: Messrs. Robert T.C. Chua, ACE (S'pore) as president; Sunny Tan Chuan Long, Guthrie Engineering (S'pore) as vice president; John Geno-Oehlers, Slme Darby (S'pore), as hon. secretary; and J.R:B. Kirkham, lAC210 words
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Article359 1976-11-20 5 Current Ex Date Total for Total for payment Date payable the year previous year B.M. Truateea 15% Nov. 9 Nov. 19 15% 15% T. Cement Praf. 8% Nov. 4 Nov. 22 12% 12% Tractor* 30% Oct 12 Nov. 22 37.5% 25% Alcorn 10* Oct. 14 Nov. 25 10%359 words
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Article142 1976-11-20 5 GILANI Jute and Textile Mills (M) has said It will receive the proceeds of U*****,000 from the sale of its entire plant and machinery by Nov 22. The company says in a letter to the stock exchange of Singapore and Kuala Lumpur that It has142 words
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Article45 1976-11-20 5 TOKYO, Frl. On gross sales up from 195.5 billion yen to 222.9 billion yen, Kubota has reported aftertax profit of 10.97 billion yen (10.05 billion yen) for the first half-year ended Oct. 15, 1976. The company is maintaining the Interim dividend at 3.75 yen.45 words
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Article221 1976-11-20 5 THE following company meetings are due: Malaysian Containers (1974) Bhd.: Nov 24, 12 noon, Hotel Jaya Purl, No. 2 Jalan Barat, Petallng Jaya. Singapura Building Society Ltd.: Nov 26, 11 a.m., 4th Floor, Mac Donald House, Orchard Road, Singapore 9 Malayan Breweries Ltd.: Nov 26, 11.30 a.m., 0.C.8.C.221 words
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123 1976-11-20 5 Reuter SYDNEY, Frl. Blue Metal Industries should end the present half year to Dec 31 with a profit about equal to the previous corresponding period, chairman Sir John Austin said. In 1975, the company reported a profit of AJ3.31 million for the six monthsReuter - 123 words
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Page 5 Advertisements
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Advertisement41 1976-11-20 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 841 words
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Advertisement443 1976-11-20 5 You have only one face make die best of it Advice from Business Times. A If your corporate face isn 7 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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Article1968 1976-11-20 6 SECTION ONE INDUSTRIALS 197C High Low Cotnpaay Last Sate +«rGr'i (tiv Div c'tt Or** y'U P/I V«1 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 Boustead1,968 words
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Article1094 1976-11-20 6 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of sham traded shown in brackets in lots of 1000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "Sett." Big Board1,094 words
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Article139 1976-11-20 6 SINGAPORE UNIT TRUST (Manager*' pricM for Nov S) The Commerce i.a i.T* The Saving Fund 0.M 1.01 S'poreProf Fund 8' pore 8eeurlty Fund 8'pore In*wt Fund O.tl OH 1.29 1.32 1.01 1.07 ASIA UNIT TRUST (Manager*' price* i for Not 22) Mai Invest Fund 1.(7 1.78 Mai Prof.139 words
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Article327 1976-11-20 6 S'pore Govt 5 1/2% Taxable Loaa No I With A I 1974/15 th Apr 1978 (1,000,000) (101.638 101.728X2)101.67 S'pore Govt S 3/4% Taxable Loaa No I With A I 1975,15 th June 19M (1,000,000) (102.558 102.658) S'pore Govt i 3/4% Taxable Loan No 2 With A327 words
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Article1083 1976-11-20 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 soeclfled. industrial* A. Tap* (0.500). AJMMMto (IMB I SM) (1) 1 85 AIMM1,083 words
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Page 6 Advertisements
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Advertisement177 1976-11-20 6 Confront Singapore s decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these177 words
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Article510 1976-11-20 7 SHARES finished a shade better in low volume trading at the Stock Exchange at Singapore yesterday. The morning market was very quiet despite the overall improvement noted in Wall Street, London and the Hongkong stock markets. For the greater part of the day prices just marked time.510 words
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Article367 1976-11-20 7 SHARES wavered aimlessly in lacklustre trading on the Kuala Lumpur stock market yesterday. A feeble attempt at rally In the opening session in line with the firmer overnight overseas markets was not sustained. Thereafter prices were pegged at their noon levels and in some cases, there367 words
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Article57 1976-11-20 7 MUNICH, Fri. Fuji Heavy Industries plans a 30 million mark, five-year private placement, probably with a seven per cent coupon and an issue price slightly under par, lead manager Bayerlscue Vereinsbank said. Conditions for the placement, which is guaranteed by the Industrial Bank of Japan, will be57 words
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Article42 1976-11-20 7 TOKYO, Fri. Hitachi and Nissho-Iwal have jointly received a US$2O million order from the Soviet Machinery Import and Export Corporation for equipment for a natural gas booster station. A similar order has been placed with Algemeine Elektrizitaets Gesell-schaft-AEG Telefunken, Hitachi said.42 words
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Article52 1976-11-20 7 PARIS, Fri. Oross receipts at Cie Flnanciere de Paris et des Pays Bas rose from 85.4 million francs to 100.9 million francs for the first nine months of this year. The company said it will receive dividends from its four subsidiaries, OPFIParibas, Paribar International, Sogedlp and OPBParibas, In the52 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1287 1976-11-20 7 NEW YORK: Bullish news on the economy set the stage for another broad advance on the stock market as prices closed sharply higher In heavy trading on Thursday. New York Stock Exchange volume soared to more than 24 million shares compared with 19.9 million shares on Wednesday. Gaining1,287 words
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Article316 1976-11-20 7 AMSTERDAM: Shares generally firmed on Thursday following the previous steep fall but trading was quiet with sentiment aided by firmer Wall Street, dealers said. Unilever featured gains In Dutch Internationals, on third quarter figures released on Wednesday after the close. Hoogovena had a marked gain too, helped by Estel's316 words
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Article293 1976-11-20 7 ZURICH: The market closed narrowly mixed in quiet activity on Thursday, dealers said. Small gains, however, predominated, In line with Wall Street. The Credit Suisse Index rose 0.4 point to 203.8 Among Irregular banks, AG Leu eased, while Benkcesell Schaft ruled very steady, in flnanclals Juvtna bearer finished little293 words
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Article364 1976-11-20 7 JOHANNESBURG Gold shares closed above the day's lows, on Thursday, following fluctuations In overseas bullion indications and a slightly higher than anticipated morning fix. dealers said. Financial minings finished unchanged to easier. De Beer* closed unchanged at 317, after being 320. Coppers were quietly firmer and platinums narrowly mixed.364 words
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Article450 1976-11-20 7 PARIS: The market was lower on Thursday, on balance with expected bad October trade figures more than offsetting the favourable Impact of the quarter point cut in call money to 9 13/16 per cent, dealers said. Concern over the state of the steel industry helped produce a fall In450 words
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Article276 1976-11-20 7 FRANKFURT: The market fell on a lack of interest in slow and heslstant trading on Thursday, dealers said. Siemens led the market lower, falling 3.30 marks, with Hoochat 1.40 lower and BASF 0.40 marks down after announcing a higher nine months profit and its Intention to raise dividend for276 words
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Article158 1976-11-20 7 MILAN: The market firmed at the start of the new account on renewed buying interest on Thursday, Bourse source said. Montedison, about which the government is expected to make a policy statement, was among stocks to firm. Fiat extended recent gains and both Pirellis and Olivettis were higher. Generate158 words
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Article170 1976-11-20 7 BRUSSELB: Advances outweighed losses In slightly more active, mixed, trading on Thursday, dealers said. Among Belgian stocks to rise were Vieille Montague, Geominea, Cockerill, GB-lnno-BM, St Roch and Cometra while Electrobel, Fabrioue National*, ACEC and Arfcx-d fell.' Among foreign stocks. British were mixed while Germans and Canadians fell. Dutch170 words
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Article350 1976-11-20 7 TORONTO: A late-session surge of bargain hunting drove the Industrial and western oil Indices up more than a point In the last hour of trading on the Toronto market on Thursday. Quebec-oriented Industrial, paper and mining stocks paced the rise. A lean closed 2 1/4 higher at 22 5/8.350 words
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Article417 1976-11-20 7 HONGKONG: Share prices rose further in continued quiet trading on Friday, mainly on markups by dealers following firmness on overseas markets, with little real buying interest evident, dealers said. The Hang Seng index gained 2.18 points to 390.80. Turnover on the four exchanges totalled HK$lB.O9 million compared with Thursday's417 words
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Article164 1976-11-20 7 MANILA: The market closed steady on Friday, with losers outnumbering gainers 16 to 11 and 23 Issues unchanged, dealers said. Overall turnover was depressed as Investors apparently awaited the evaluation report of logging tests conducted by Cities Services on the north Nldo One confirmatory drilling off Palawan, they said.164 words
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Article89 1976-11-20 7 NOV It Bahts Asia Fibre 1168 -I Bangkok Bank 229 -4 Bangkok Invest ISO •1 Bangkok-Metro-politan Bank 126 -22 Bala 335 -2 BerllJucker 147 unch Charoong Thai Wire 144 unch Dumex DusltThanl Faber Merlin First Trust Indo-Thal 17as -10 J And J Ho 146 1 Jalaprathan ♦3 Cement 7889 words
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Article421 1976-11-20 7 SYDNEY: Leading mining and industrial shares recovered on Friday after the market sank to a new low for the year on Thursday, and prices showed signs of bottoming out, dealers said. They noted analysts' forecasts that the main market indicator, the All-Ordinaries index. would meet resistance at its current421 words
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Article484 1976-11-20 7 TOKYO: The market closed lower on Friday after opening steadier with big-capital shares losing ground on the uncertain economic outlook dealers said The Dow Jones average lost 8.29 to close at 4,451.62 with volume 190 million shares. The New index closed atj 342.78, down 0.38. Steels and shipbuildings met484 words
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Article88 1976-11-20 7 FINANCIAL TIMES INDUSTRIALS Thursday 317.00 Wednesday 311.1 Week ago 299.4 TIN Thursday 118.62 Wednesday 120.13 Week ago 125.35 RUBBERS Thursday 507.22 Wednesday 496.18 Week ago 487.41 OILS Thursday 384.10 Wednesday 372.84 Week ago 362.96 DOW JONES AVERAGE INDUSTRIALS Thursday 950.13 Wednesday 938.06 Week ago 931.43 LONDON DOLLAR PREMIUM Thursday88 words
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Article61 1976-11-20 7 TOKYO, Fri. Mitsubishi Oil has achieved ahUh turnround in the first halfyear ended Sept 30, 1976, with after-tax profit of 7.53 billion yen against a loss of 3.96 billion yen last time. Gross sales rose by 12.7 per cent to 345.2 billion yen from 306.2 billion yen.61 words
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Page 7 Advertisements
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Advertisement180 1976-11-20 7 A .^V-> Vw- *v /-V is- %?>• C>v-: -jr- •>.. i- <-. ..4 ■*-A s feAi: <i' <' V 4JV ■H r^b S^IS .8? c* >V S*. •r 1' <,'• Ss€ /■,■•>. A-f/- sr m V tv WW w 3» fc£ IS^!ISSSBSfiS§ «-j- in «u3STMj OnlyQantasgivesyou2B departures tD Australia ana180 words
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COMMODITY REPORTS AND PRICES
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Article659 1976-11-20 8 IN the Singapore rubber market yesterday, the decline in London caused an Initial mark down of values after which conditions were a shade easier again reflecting long liquidation and the sharp rise of sterling, dealers said. However short covering came in at the lower levels and the decline659 words
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Article118 1976-11-20 8 DAILY SSR arid SMR prices at noon yesterday: R. AS. Dae. Ji LB. (Cure a f (Forward Mtk) Buyer* Selitri Bu.vert SaUan (cent! I POT kg) (cnia par kg) SSR 20 (1—ton Pallets) 189.50 191 SON 190 SO 192 SON SSR 50 (1—ton Pallets) 187 00 189118 words
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Article147 1976-11-20 8 THE Straits tin price In Penang yesterday rose <16.00 to close at $1,250.00 Gr plcul on an official ofrlng down 32 tonnes to 255 tonnes. IN LONDON, yesterday, tin was about unchanged for Cash and £5 per tonne lower for Three Months In both contracts. The strength at147 words
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Article31 1976-11-20 8 Rubber: Nov 19 Singapore: Dw. 204.25 cU (down 2.2S eta.) Malaysia: Dec. 209.50 cte. (down 2.50 eta) Tin: $1,250.00 (up $16.00) Official offering: 255 tonne* (down 32 tonnet)31 words
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Article152 1976-11-20 8 LONDON, Frl. Silver closed 0.5p higher to O.lp lower. Prices fell away on the premarket where selling, based on firmer sterling, pushed Three Months down to 265.2p per troy ounce. The trend was quickly reversed, however, as shortcovering and some fresh buying developed following the rally in gold and152 words
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Article132 1976-11-20 8 THE following Palm Otl prices were quoted in London on Thursday The prices are elf Rotterdam and are quoted In US dollars per long ton unless otherwise stated Thursday Pre*. Malaysian 5% ffa bulk Dec unch 465 sir Jan 455 sir 45* sir Feb 455 sir 45* sir132 words
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Article258 1976-11-20 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil: Bulk »74 sellers, old drum S7B sellers, new drum *84 tellers. Copra Mixed (loose) UK/Com M buyers. Pepper: Muntok ASTA white r ob 100% NLW $317* sellers, Sarawak white f o b. 90* NLW 1300 sellers.258 words
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Article283 1976-11-20 8 AFTER the volatility of the last four trading days, which saw the price fall US$lO.OO per ounce, the Singapore market opened on a hesitant note at U*****.25. At one point It reached $130.75 in spasmodic trading with fluctuating nominal calls. There was a steadier tone towards the close where283 words
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Article190 1976-11-20 8 LONDON, Frl. Copper wlrebars finished with Cash fully £1 per tonne higher and Three Months about unchanged. Values sagged on the premarket under liquidation prompted by the strength of sterling and poor physical offtake but subsequently recouped losses following a rallying trend In gold, dealers said. Three Months traded190 words
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Article56 1976-11-20 8 LONDON, Frl. Lead lost £1.50 for Cash and £2 per tonne for Three Months. Values were easier with copper and stronger sterling in the pre-market and Three months traded at £290 per tonne. An attempted recovery during ring dealings was not maintained and after moving up to £202, Three56 words
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Article76 1976-11-20 8 LONDON, Frl. Zinc showed gains of £1.50 per tonne for Cash and £0.75 for Three Months. This market followed the general trend during early dealings and Three Months traded down to £380 per tonne. But a subsequent recovery In the ring took the price up to £383 per tonne76 words
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Article138 1976-11-20 8 CHICAGO, Thurs. Wheat futures finished a lightly traded session with prices 1% cent a bushel lower to two cents higher. Prices weakened early on a lack of buying Interest but they held within a narrow trading range as sellers were hesitant to press the market lower. The price trend138 words
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Article354 1976-11-20 8 SLOW and featureless conditions have dodged the trading week, with turnover on the thin side report Holiday Cutler and Bath in their weekly rubber review. Incentive has been generally lacking and London and the strong recovery in sterling provided the only pointers. Conjecture about Opec's354 words
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Article123 1976-11-20 8 LONDON. Frl. Robusta futures opened very steady £8 to £18 higher from Thursday's close with 181 lots traded. March had opened £10 lower at £2,219 but later recovered on support buying and traded up to £2,240 by the end of the opening calf. Later however dealers noted an easier123 words
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Article135 1976-11-20 8 LONDON, Frl. Sugar futures finished the opening call £0.30 per long ton down from Thursday with May at £139.50 offered to £0.75 higher. Dealers said the Peru tender result had little effect on sentiment. The London Dally Raws price was down £2 at £120 while the Whites price was135 words
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Article91 1976-11-20 8 CHICAGO, Thurs. Soybean futures closed two cents a bushel lower to five cents higher after the November expired at noon with a loss of 9* cents. Speculative selling pushed prices lower across the board as there was little early buying interest. The liquidation which pushed the November lower discouraged91 words
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Article141 1976-11-20 8 BANGKOK, Thurs. Indicative prices for rice quoted yesterday were: US dollars per tonne fob basis Bangkok. Loonzain: Unchanged Parboiled: Unchanged Maize: Unchanged. In HONGKONG yesterday, the market was quiet with prices down 10 to 50 cents per plcul. The day's turnover totalled 270 tons comprising Thais 98, Kwangtungs 120141 words
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MONEY AND EXCHANGES
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Article714 1976-11-20 8 STERLING rallied strongly upwards yesterday in Singapore to as high as US$l.7O at one stage following Britain's announcement of new foreign exchange controls and the Bank of England supplementary special deposits scheme. It opened with a spread of 100 points in the morning at U551.6850/1.6950 with Initial panic buying714 words
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Article152 1976-11-20 8 Asian rate ASIAN rate* u currency deposit »t cloee on Nov 19 interbank US Dollars (S»m> Offer M 7 days 1 mUl 2mUu 3 mUu 6 mthi 8 mthi 12 mUit 51/16 3 1/6 37/16 313/16 61/6 8*. Frm 413/16 31/4 33/16 33/6 313/16 6 Dm. 1 Olttl 3 mthi152 words
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Article50 1976-11-20 8 HANOI of price* offered by discount home* on No* 19: Overnight 2 to J* Call depoait J* Cteaiac Bu> Sella* 3-Month Tre**urer bill* 3 1/16 215/16 3-Month Builu bill* 3 li/16 3 13/16 3-Montlu CD 4 3 7/8 6-Month CD 4 7/16 4 V16 Source: National Discount Co.50 words
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Article121 1976-11-20 8 Euro rates LONDON, Fri. Eurodollar deposits opened steady around Thursday's closings with periods tending marginally softer In early fairly light trading. Most periods edged 1/16 lower from openings In a continuation of recent very quiet conditions. Other factors cited for declines Included customary quiet preweekend conditions, a light rollover calendar,121 words
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Article270 1976-11-20 8 LONDON, Fri. Sterling opened strongly in European currency trading, quoted at U551.6910/30 in response to new exchange control effectively ending the British currency's role In International commercial trading for thirdcountry financing. The pound had closed at $1.6580/90 in London overnight, rose to $1.6650/6700 in after-hours trading and then advanced270 words
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Article191 1976-11-20 8 NEW YORK, Thurs. Sterling closed two cents above overnight levels after Britain announced new foreign exchange controls and the Bank of England reintroduced the "corset" supplementary special deposits scheme, dealers said. The market here was confused by the implications of the new controls, which prohibit British banks and191 words
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Article84 1976-11-20 8 TOKYO, Fri. The US dollar for overnight delivery closed slightly higher at 295.35, against 295.20 at the opening and 295.25 at Thursday's close, dealers said. Ater opening slightly easier the US currency firmed on covering by Japanese banks to meet lm- < port settlement needs early i next week,84 words
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Article140 1976-11-20 8 HONGKONG, Friday. Sterling closed around U551.8930/6970 against $1.6890/6920 at midday and a high in early trading of 51.7050/7100 following the British Government's new domestic monetary and foreign exchange controls, dealers said. They noted that rules aimed at limiting such financing have existed previously and the ban presumbably means there140 words
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Article56 1976-11-20 8 RESULTS of Treasury bills tender held on Nov. 19 for 91day Treasury bills to be issued from Nov 22 to 26 Offered: $30 million Applied for: $78,600,000. Allotted: $30 million Accepted bids: $99 24 approximately 9 per cent, higher bids in full. Average rate of discount on56 words
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Article57 1976-11-20 8 Minimum lending rates (in ACBC 6% Algemene Bank 7 Bangkok Bank ,.7'4 Bank of America Bank of China .7W Bank of Tokyo .<$*« Bank Negara Indonesia 7* Chartered Bank 6*« Chase Manhattan 6*. DBS First Chicago .6% Citibank 6V« HSBC 7 Indosuez 7 Malayan Banking 6*« Mitsui Bank .6% OCBC57 words
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Article39 1976-11-20 8 ZURICH exchanges quoted on Nov 18. US 2.4452-4460 UK 4.0680-0720 Can 2.4915-4930 W'Germ 100.94-101.00 Neth 96.56-63 France 48.86-90 Belg 6.58-1/4-59 Denm 41.27-30 Norw 46.25-29 Swed 57.85-90 Italy 0.2824-2827. Austria 14.21-23 Port 7.76-79 Spain 3.57-1/4-57-3/4 Arg 1.25-2.25 Japan 0.82-3/4-83-1/439 words
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Article50 1976-11-20 8 AUSTRALIA/NZ exchanges quoted on Nov 19. Australia: Sterling 0.7374/0.7296, US dollar 1.2381/1.2331. Ninety day air mail buying rates: Sterling 0.7708, US dollars 1.2664. Ninety day forward buying rates: Sterling 0.7461. US dollars 1.2221. New Zealand: Sterling 0.5849/0.5815, US dollar 0.9750/0.9650. Ninety day forward rate: Sterling 0.6284/US dollar 0 993850 words
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Article35 1976-11-20 8 FRANKFURT exchanges opening quotes on Nov 19. US 2 4225'40 CAN 2 4595/4610 UK 4.080 095 Neth 95.62/77 Swltz 98.97/99.12 Italy 2.795/810 France 48.27/43 Norw 45.81/87 Belg com 6.51/53 Belg fin 6.50/51 Japan 0.8205/1535 words
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Article308 1976-11-20 8 LONDON, Fri. Eurobonds tended firmer where changed in moderate to active turnover, dealers said. US bonds gained up to 3/8 point in increased trading, on operators' hopes of lower shot term US interest rates Dealers also reported some technical short covering after the recent falls. Guilder Issues continued308 words
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Page 8 Advertisements
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Advertisement161 1976-11-20 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times BUSINESS TIMES Singapore's Financial Daily Subscription Rates (in Singapore currency) Surface mail Zone Singapore Malaysia, Brunei Overseas Second class airmail (Individually wrapped and mailed) Zone Brunei. Sarawak. Sabah Australasia/Pacific (excluding Hawaii)161 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration1621 1976-11-20 9 ANDREW WHITLEY - The ghosts of Pathan snipers looking down over the deserted railway line in the Khyber Pass may soon be disturbed. Afghanistan is within sight of its first real railway but it will go in to the accompaniment of a different kind of sniping, this timeFinancial Times - 1,621 words
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Article, Illustration416 1976-11-20 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Apostolos A (2300 after Lloyd Bakke) 6/7 Banggal (1500 after Stolt Sydness) (PSA P/O) 15/16 Bougainville <1830 after Andromachl) (Class I on poard) 31/32 Charlotte Maersk (0600 after Sergey Yesenln) (Draft 9.9 m) 3/4 Dong Won (0700 29/30 Oolden Source (0600 24 Kal416 words
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Article217 1976-11-20 9 ScanDutch to cut transit time SCANDUTCH, the largest single container operator between Europe and the Far East, will cut its transit time by up to 17 days for its containerised service between Singapore and Europe from January. The 50,000 tonne ScanDutch container vessel, M/S "Nihon", will mark another first in217 words
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Article56 1976-11-20 9 OVERSEAS Containers Ltd (OCL) has reached its one millionth container In only 7Vt years of operations, bringing the total tonnage of import and export cargoes that It has transported to the 18 million mark. OCL began its container operations In 1969 when it inaugurated the UK/ Australia56 words
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Article122 1976-11-20 9 BARBER Blue Sea Line (B- 1 BS) will increase their direct service from the US Oulf and Atlantic to the Far East 1 via Suez Canal, from two to three sailings per month, 1 commencing in January. I The route to South-east Asia, If not122 words
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166 1976-11-20 9 AP LONDON, Frl. North American tain chartering continued to languish on a quiet London freight market yesterday while forward rate prospects remained uninspired. But prompt tonnage could still obtain respectable payments for Transatlantic shipments. The Annltsa Carras, for example, received USM.7S dollars S10) forAP - 166 words
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Article538 1976-11-20 9 ARRIVALS Service Local Operator Number Time From SIA SQ061 0005 HKG CAL CI333 0040 TPE/HKG/KUL JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP GIA GA980 1030 HLP CPA CX710 1030 HLP THAI TG423 1035 BKK GIA GA908 1100 MES SIA SQ201 1200 HLP538 words
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Page 9 Advertisements
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Advertisement15 1976-11-20 9 Ifl/IGHT HOUDfIV/ The Executive's Travel Agent Suite 102.Cathay Building. Mount Sophia Singapore 9 Telephone *****2.15 words
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Advertisement101 1976-11-20 9 A wealth of answers to scientific phenomena LIFE SCIENCE IJKKAKV 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 human101 words
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Article, Illustration782 1976-11-20 10 SOH TIANG KENG - By SOH TIANG KENG TWO Singapore banks Oversea-Chinese Banking Corporation and Development Bank of Singapore rank among the top 10 banks In Asean nations. In terms of assets size, they are placed fourth and sixth respectively, according to a study of782 words
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Article873 1976-11-20 10 LONDON, Friday Financial Times THE recent spate of publicity surrounding the financial problems of Zaire, Indonesia and the Colocotronls shipping empire, following hard on the heels of the liquidation of Continental Mortgage Investors (the third largest U.S. bankruptcy after Penn Central and W. T. Grant) hasFinancial Times - 873 words
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666 1976-11-20 10 DAMON STETSON - By DAMON STETSON NYT THE hard-driving boss of an ambitious young man told him that he had six weeks to clear up a serious design problem or (ace dismissal. The young man had a nervous collapse. A worker In a car plantNYT - 666 words
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Article, Illustration563 1976-11-20 10 EDWARD DELONG - By EDWARD DELONG UPI THE United States Government ia spending almost US SI million (552.4 million) to look for the best way of building solar power stations in orbit and beamiqg vast amounts of electricity back to earth. The multi-agency con* tractUPI - 563 words
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Page 10 Advertisements
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Advertisement276 1976-11-20 10 We Help feu To Mind Your Own Business ft e sndustr> trade industry t mmmu u Eradejrindustry rtP f A** is trade^industry The Republic's foremost Business Review The regular review of Singapore's business scene, compiled for easy reference by executives. Noted commentators and experts present facts and figures with opinion-forming276 words
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416 1976-11-20 11 Reuter PARIS, Fri The commodity market Instability of the past three to five years Is Ukefy to continue and may Increase In the near future, depending on the position and attitudes of the Soviet Union, Mr Albert Slmantov, head of the OECD agricultural directorate, toldReuter - 416 words
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394 1976-11-20 11 Reuter UPI PARIS, Frl. The new American administration under Mr. Jimmy Carter Is expected to help create a world grain reserve "bank" to be rushed to help any famlne-strlcken countries, international agriculture experts say. The grain bank would fulfil a proposal madeReuter; UPI - 394 words
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Article165 1976-11-20 11 POUR new courses will be held by the Singapore Institute of Management at the end of the year, covering marketing, industrial relations and securities. The first two are by Mr. Geoff Burgess, operations group director with Marketing Improvements Ltd., a leading specialist marketing consultancy and165 words
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Article80 1976-11-20 11 Reuter PRETORIA, Frl. South Africa had an October trade deficit of 78.1 million rand, against shortfalls of 22.1 million in September and a revised 123.4 million In October last year, the Department of Customs and Excise said. Figures show imports for the month totalled 434.7 million randReuter - 80 words
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Article56 1976-11-20 11 PENANG, Frl. An 11-man mission of Korean trade reIs due to arrive here next week to hold trade discussions with Malaysian Importers. They will also display samples of an extensive range of products. Including the traditional Korean ginseng, textiles, electronic components, paper, PVC products, building materials,56 words
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199 1976-11-20 11 UPI CANBERRA, Fri. The Australian Government today called for urgent action to protect four Australian companies against recent anti-trust suits filed In the United States by the Westlnghouse Electric Corporation. Westlnghouse charged that 29 companies, Including the four Australian firms, were involved inUPI - 199 words
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Article183 1976-11-20 11 UPI PARIS, Fri. Of all the tax-hungry governments In the Industrially developed Western world, Denmark Is the greediest, snaffling almost half the nation's gross national product, according to a study released yesterday by the Organisation for Economic Cooperation and Development (OECD). Of the OECD's 24UPI - 183 words
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380 1976-11-20 11 Reuter LUXEMBOURG, Fri. Over-the-counter trading In equities of International corporations will eventually replace the traditional stock markets in Europe In size and efficiency, Mr. Stanlslans Yassukovlch, managing director of the European Banking Co. told a symposium here. Bankers at a two-day conferenceReuter - 380 words
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214 1976-11-20 11 AP PITTSBURGH, FYI US district Court Judge Joseph Wlllson approved yesterday a US$4 million (SS9.B million) settlement of shareholder suits against former officials of Oulf Oil Corp who used corporate funds for illicit political purposes. Judge Wlllson said the company's multi-million dollar political slushAP - 214 words
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199 1976-11-20 11 AP WASHINGTON, Frl. There Is no danger of a recession In the US, chairman Alan Greenspan of the President's Council of Economic Advisers said yesterday. "We are not about to tilt over Into a recession," he told a meeting here. In fact, he said,AP - 199 words
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Article156 1976-11-20 11 AP BANGKOK, Frl. Antigovernment Insurgents killed 17 local defence volunteers In an attack near a southern Thai village earlier this week, Radio Thailand said today. It was one of the bloodiest clashes in Thailand's decade-long guerilla war. The radio said about 50 guerillasAP - 156 words
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534 1976-11-20 11 Reuter MANILA, Frl. The Asian Development Bank expects to lend nearly US$l billion (552.45 billion) next year more than $100 million over its lending for 1976 In a gradual stepping up of its aid programmes, bank officials said at its headquarters here. TheReuter - 534 words
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Article121 1976-11-20 11 UPI UNITED NATIONS, Fri The General Assembly will hold a brief debate on the admission of Vietnam to the United Nations on Tuesday morning and then ask the Security Council to reconsider the Vietnamese membership application, diplomatic source* said yesterday. But the request to the council willUPI - 121 words
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Article229 1976-11-20 11 Reuter WASHINGTON. Fri. The Commodity Futures Trading Commission (CFTC) has agreed in principle to revise its proposed segregation rule for commodity options trading. It will now require that 90 per cent instead of 100 per cent of American customer funds be segregated in theReuter - 229 words
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151 1976-11-20 11 Reuter MADRID. Fri. The last Cortes (Parliament) of General Franco has voted itself out of existence by passing a Government Bill to set up a two-chamber legislature elected by universal suffrage. Just two days before the first anniversary of the death of the lateReuter - 151 words
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Article126 1976-11-20 11 Reuter WASHINGTON, Fri. US rubber consumption in 1977 is expected to rise by 25 per cent, to 3.5 million tonnes from the estimated 2.8 million this year, Mr. Malcom Lovell, president of the Rubber Manufacturers' Association (RMA), said. Speaking at the RMA annual meeting, Mr.Reuter - 126 words
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Page 11 Advertisements
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Advertisement680 1976-11-20 11 APPOINTMENTS TAX MANAGER Arthur Andersen Co., Public Accountonts, has a vacancy for an experienced tax specialist. The position offers an excellent opportunity for rapid advancement and challenging work in areas covering international taxation, tax planning and general consultation work. This is a senior appointment opportunity available to Singaporeans. Applicants should680 words
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Advertisement301 1976-11-20 11 Multinational import export firm requires experienced, career oriented individual to manage operations department. The successful candidate will most likely be •a male Singaporean between 25 and 35 years old. He will be experienced in international shipping procedures, both air and sea. He will be well acquainted- with local transportation facilities301 words
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Advertisement217 1976-11-20 11 THE COMPANIES ACT (1970 EDITION) IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE FIRST MEETING OF CREDITORS CONTRIBUTORIES Name of Company: National Travel Service (Pte) Ltd. Address of Registered Office: formerly of No. 485 Joo Chlat Road Singapore 15 Court: Supreme Court, Singapore 6 Number of Matter: In Companies217 words
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Article259 1976-11-20 12 AP WASHINGTON, Frl. The United States Department of Commerce said yesterday that Thailand Is sharing In the general recovery in the world economy. The department said "by most indicators of economic health, Thailand is doing very well." In a report In the Nov 22 issue ofAP - 259 words
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Article769 1976-11-20 12 LONDON, Frl. Equities were lower over a broad front in reaction to the exchange controls and credit restrictions announced yesterday. Overall trading was moderate and at 3 p.m. the F.T. index was down nine points at 308.0. Government bonds, however, firmed with fairly heavy demand reported for the769 words
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206 1976-11-20 12 THERE will be aa announcement pertaining to the coming elections towards the end of nest week, Mr. Tang See Chim, the People Action Party's acting organising secretary, •aid yesterday. Mr. Tang also announced the names of yet another two new candidates who206 words
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339 1976-11-20 12 JURONG Shipyard Ltd (JSL) has Just signed a $11 million contract with Nipigon Transport of the US for the "Jumboising" of a bulk carrier from 22,000 dwt to 25,000 dwt. The m.v. "Temple Bar" will arrive at the shipyard towards the end of this month339 words
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Article56 1976-11-20 12 THE Hongkong official receiver and liquidator of Mosbert Acceptances Ltd of Hongkong obtained orders from Justice D'Cotta at the High Court here yesterday for the winding-up of five local companies on grounds of insolvency. They are Amos Dawe P\e. Ltd., Mosbert Management Services, Good Food Products,56 words
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Article308 1976-11-20 12 Reuter TOKYO, Fri. Prime Minister Takeo Mlkl today Instructed Cabinet ministers to take swift action to Improve Japan's strained economic relations with the European Common Market, a cabinet spokesman said. k Mr. Mlkl told r Cabinet meeting Japan's huge stirplus In trade with the EECReuter - 308 words
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Article684 1976-11-20 12 10pc HIKE IS DANGEROUS, HE SAYS A 8 BOTH tides in the great oil debate continued their propaganda broadsides yesterday, an influential Opec member admitted for the first time the dangers Inherent In a steep increase In the price of crude. Mr. Carlos684 words
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525 1976-11-20 12 A QIANT plantation company has been formed to take over all the assets of Golden Hope, London Asiatic and Patallng under their agreed terms of merger. Known as Harrisons Plantations Bhd. (HPB), it will have a paid-up capital of M 5325 million525 words
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282 1976-11-20 12 LONDON, Frl The way Britain runs Its nationalised industries came under sharp attack today from key government advisers who said useful lessons could be learned from France, Sweden and West Germany. Describing relations between government and state Industry as highly unsatisfactory, the advisers urge the282 words
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258 1976-11-20 12 SINGAPORE'S exports are becoming increasingly reliant on the major developed countries with a larger proportion of our exports going to 12 more developed countries. Imports however have seen a wider spread and the major sellers to Singapore have seen a reduction of258 words
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146 1976-11-20 12 Reuter TOKYO. Frl. Leading businessmen have promised to donate a total of one billion yen (558.09 million) to help Japan's ruling Liberal Democratic Party fight the Dec 5 general elections, Informed sources safd today. They said the pledge came at a meeting betweenReuter - 146 words
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Article33 1976-11-20 12 OSLO, Frl. Norway and Cambodia yesterdav decided to establish full diplomatic relations at ambassadorial level, with immediate effect. Norway's ambassador to Peking, Mr. Thorlelv Anda, will be sideaccredited to Pnom Penh.33 words
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Article183 1976-11-20 12 Reuter ROME, Fri. Italian Prime Minister Giulio Andreotti will pay an official visit to the US at the invitation of President Ford on Dec C and 7, the Government announced. Informed sources said yesterday Mr. Andreotti would also meet Dr. Henry Kissinger during two-dayReuter - 183 words
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Article59 1976-11-20 12 LYALL and Evatt, a Singapore broking firm, yesterday applied to the High Court to file a writ against Chin Swee Loon, a Malaysian residing in Ipoh, for £579,705 as damages for alleged breach of contract. Because Mr., Chin is a foreigner, leave from the court has59 words
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269 1976-11-20 12 KUALA LUMPUR, Frl. Several Investors In the United States had expressed their (ears that Malaysia's Industrial Coordination Act would hamper (he progress of industrial development, the Dewan Rakyat was told today. Trade and Industry Minister, Datuk Hamzah Abu Samah in disclosing this said:269 words
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Article192 1976-11-20 12 KUALA LUMPUR, Frl. Datuk Hussein Onn's recent visit to Burma has led to increased bilateral co-opera-tion between the two countries, Foreign Minister Tengku Ahmad Rlthauddeen said today. Replying to Datln Hajah Fatlmah Majld (NF-Seme-rah j. he said Burma's desire to buy palm and coconut192 words
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Article108 1976-11-20 12 Reuter HONGKONG. Frl. Oriental Financial Consultants and Promoters will be quoted for the first time on the Hongkong Stock Ixchange with effect from Nov 22, the exchange announced. Oriental Financial is 74 per cent controlled by Sir James Goldsmith, and private companies owned by him,Reuter - 108 words
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82 1976-11-20 12 DR. TOM Karnes Hughes, executive director of the Singapore International Chamber of Commerce, will retire from his appointment from the middle of next month. Dr. Hughes has been with the chamber for the last 12 years. He was first involved as an employee of82 words
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Article106 1976-11-20 12 AP 1 WASHINGTON, Fri. The World Bank t announ6ed yesterday the approval of a US$B2.5 million (SS2O2 million) loan to South Korea. The bank said the loan will support high priority Industrial Investment in Korea. It Is being made to the Korea Development BankAP - 106 words
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Advertisement112 1976-11-20 12 THE INTERNATIONAL EXHIBITION OF ELECTRICAL ELECTRONIC EQUIPMENT Is a series of biennial trade shows in this region organised specially for the traders professionals EXHIBITION HOURS 24 28th Nov 1976 1.00 p.m. 9.00 p.m. DAILY NATIONAL STADIUM. FREE ADMISSION SEMINAR HOURS 25 26th Nov. 1976 10.00 a.m. -1.00 p.m. ENQUIRY TEL:112 words
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Advertisement194 1976-11-20 12 I i rti MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE m s s ASIA RESEARCH BULLETIN This unique publication offers businessmen eoch month a comprehensive guide to the latest developments that have taken ploce in all important sectors of the economies of countries in East and194 words
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