The Business Times, 27 November 1976
1976-11-27
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The Business Times
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Title Section10 1976-11-27 1 BUSINESS TIMES M.C.(P) 1455/76 SATURDAY, NOVEMBER 27, 1976 50 CENTS10 words
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NEWS IN BRIEF
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Article103 1976-11-27 1 Reuter KUALA LUMPUR, Frl. Malaysia's petroleum advisory council chairman Raja Tan Sri Mohar bin Raja Badiozaman, yesterday said he wascOTP fldent that Exxon and Shell oil companies would sign production-sharing agreement with the national oil company, Petronas, by Nov 30. Raja Tan Sri Mohar, who actedReuter - 103 words
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Article73 1976-11-27 1 Reuter BUCHAREST, Fri. The Soviet Union and Its main communist allies today offered the United States and Western Europe a new treaty barring all countries who accepted It from using nuclear weapons first In any conflict. The proposal was Issued at the end of a two-day meetingReuter - 73 words
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Article63 1976-11-27 1 Reuter BANGKOK, Fri. Cambodia and Thailand have begun talks on border problems to prevent further clashes between their armed forces, a government spokesman said today. He told reporters that a meeting was under way in the border town of Polpet between Thai and Cambodian officials following a seriesReuter - 63 words
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Article70 1976-11-27 1 AP JAKARTA, Frl. Gulf Oil of America has found three natural gas resources in South Sulawesi, a spokesman of the state oil company Pertamlna said today. He said Gulf Oil, which is operating on produc-tion-sharing basis with Pertamlna also found an oil well at 2,100 m inAP - 70 words
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Article66 1976-11-27 1 Reuter KUALA LUMPUR, Frl. Sri Lanka and Malaysia have decided on Joint research programmes on production of rubber and palm oil, Sri Lanka Plantation Industries Minister Ratnasrl Wickramanayake said here today. In an interview with the national news agency, Bernama, Mr. Wlckramanayake said Malaysian Primary Industries Minister DatukReuter - 66 words
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Article34 1976-11-27 1 Reuter TOKYO, Frl. Visiting Malaysian Foreign Minister Tengku Datuk Ahmad Rlthauddeen today asked for Japanese economic assistance for Malaysia's third five-year plan now under way, Foreign Ministry sources said. Reuter.Reuter - 34 words
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Article43 1976-11-27 1 UPI NEW YORK, Frl. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange; 30 Indus 951.55, up 0.59; 20 transp 224.37, unch; 15 utlls 102.38, up 0.39; 65 stocks 308.10, up 0.30. UPIUPI - 43 words
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Chief Price Changes
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Article, Illustration158 1976-11-27 1 AFTER four days of decline, the Singapore stock market staged a slight technical rally yesterday. The rally was attributed to weekend covering activities. Sime Darby finished unchanged at $3.06. Reflecting the marginal gains, the Business Times index rose 1.19 points to 238.55 while the Straits Times Industrial158 words
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Article102 1976-11-27 1 Rises K. Kampar $2.18 .23 O.C.B.C. $7.70 +.10 Sel Dredge $3.50 .06 Inchcape $2.27 .06 81me Darby $3.22 .06 OotdenHope $3.06 .06 D.B.8. $3.64 .04 Ldn. Arfatic $2.62 .04 BsaoOrd. $1.70 .03 Ocntlnc $2.69 .03 Lien Hoe $1.76 .03 Foils Intraco $1.96 -.06 New 8.T.P. $3.68 -.04102 words
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Article407 1976-11-27 1 A FORMER deputy company secretary or Slme Oarby Holdings has lolned in the battle of words by sending a circular to shareholders urging them to vote out the incumbent directors and replace them with the Rothputra nominees. A photostat copy of a letter from407 words
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882 1976-11-27 1 QUEK PECK LIM - »r QUEK PECK LIM THE new directors being nominated by Rothputra Nominees for the board of Slme Darby Holdings will definitely not be under the control of the Malaysian authorities. This was stated in a circular sent to shareholders by N.M. Rothschild and Sons882 words
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Article693 1976-11-27 1 AN extraordinarily optimistic forecast for Britain's balance of payments and the future of the pound sterling was published yesterday by the National Institute of Economic and Social Research, the country's leading economic research organisation. For the 1977-1978 period, its main predictions are: that there will be693 words
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Article274 1976-11-27 1 THE Singapore Government expects property valuers to adopt a "more progressive" attitude towards their profession, and to take account of the national interest as well as business interests. This was the message given to the Real Estate Valuers Association last night at Its annual dinner and274 words
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278 1976-11-27 1 A CIRCULAR has been sent to all key personnel of the Sime Darby Holdings group of companies to assure them that whatever the outcome of the Dec 10 poll to elect directors of the board, their Jobs will remain secure. This Is believed278 words
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Article155 1976-11-27 1 YESTERDAY'S decision by United Oversea* Bank to follow the Development Bank of Singapore'* lead in cutting its prime lending rate to 64 per cent has set off another rush by bankers here to lower their prime rates. When contacted by Business Times immediately after the155 words
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Article118 1976-11-27 1 UPI BRUSSELS, Fri. Encouraging predictions for the British economy by an independent research institute provided support for the pound on European money markets today. The US dollar was steady, but gold was down from U*****.75 an ounce last night to $129.50 in Zurich and $130,375 inUPI - 118 words
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490 1976-11-27 1 AP MANILA, Frl. The Philippine Monetary Board today approved the rules formally permitting the start of offshore banking operations by foreign financial Institutions here, the Central Bank announced. President Marcos decreed In October the establishment of offshore banking here In a bid to turn ManilaAP - 490 words
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Article75 1976-11-27 1 MR. E.W. BARKER, Minister for Law and the Environment, said last night that elections may well take place next month. He said that although he was not a member of the Inner Cabinet (which consis- ted of the Prime Minister, Deputy Prime Minister, Foreign Minister and the75 words
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Page 1 Advertisements
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Advertisement24 1976-11-27 1 CeylctiJeweUers IS llntoid Rd„ Ikwon 6. T«(: *****8/*****7. I Market review*/ TV iUdio Local Co urn International Co i Commoditiee Local 6 Oversea* Supplement24 words
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Advertisement123 1976-11-27 1 THE SMOOTH SIMPLE STYLE OF ■"J You have to drive the 504 to appreciate its excellent performance and high standard of engineering. Its pick-up, power, road-holding, braking and reliability. Its economical 197 lcc petrol engine, giving minimum consumption for maximum efficiency. The endurance of its oversquare 4-cylinder inline engine over123 words
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Advertisement89 1976-11-27 1 }%|>"\]](~*->%]=!&(|;&><$!*)%`* Glenndaich yiireMiltWhisky The Old Scotch. n the heart of the Scottish Highlands, *i| 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 you sip,89 words
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Page 2 Advertisements
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Advertisement877 1976-11-27 2 Sime Darby Statement No.l Our letter to shareholders Sime Darby Holdings Limited ORCHARD TOWERS. 400 ORCHARO ROAD SINGAPORE 9. TELEPHONE *****11 TELEX: RS ***** CABLES: "SIMDARB" 23rd November, 1976 Dear Shareholder, THE ANNUAL GENERAL MEETING AND THE FUTURE OF YOUR COMPANY At the Annual General Meeting held on 19th November,877 words
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MARKET REVIEW
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Article447 1976-11-27 3 WEIGHED down by the tussle over the composition of the board of 81me Darby, the Kuala Lumpur Stock Exchange saw a further erosion of share prices this week. There was hardly anything to relieve the gloom surrounding the market which was also preoccupied with the Impending oil price447 words
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200 1976-11-27 3 RONALD LAM - RONALD LAM SCRIP ISSUES United Asbestos Cement: Three-for-four, capitalising M 510.5 million. OTHER ANNOUNCEMENTS Alexandra Holdings has subscribed for an additional 200,000 shares of Ssl each at par In Alexandra Securities, a whollyowned subsidiary, raising its paid-up capital to Ss3 million. United200 words
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Article485 1976-11-27 3 THE RELENTLESS downward drift in share price accelerated this week as the Sydney share market went through another lacklustre performance. The downsllde has continued virtually unabated since the August budget, and analysts are despairing of seeing a reversal In the current trend before thaend of the year. "After that,485 words
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Article99 1976-11-27 3 Reuter CANBERRA, Fri. Australia Is to provide additional radio equipment to Thailand to expand the Princess Mother's Volunteer Medical Health Clinics, a cause It has supported here with gifts of ambulances and equipment since 1973. The Department of Foreign Affairs announced today that Australia would supplyReuter - 99 words
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Article92 1976-11-27 3 Reuter PARIS, Frt. King Hassan of Morocco yesterday called for United Nations control over nuclear power plants In developing countries to prevent a proliferation of atomic weapons. "I am ready to propose to the United Nations that the developing countries submit to a control once or twice aReuter - 92 words
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Article1427 1976-11-27 3 IVAN FALLON - LONDON ■y IVAN FALLON THE LONDON Stock Market has Increasingly come to resemble a casino. The fluctuations In prices over the past few weeks have borne no resemblance to the waning and waxing of economic hopes, the fortunes of companies, the economy of even the swings1,427 words
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Article695 1976-11-27 3 SHARES took another severe beating at the Stock Exchange of Singapore this week. With the exception of a few individual issues, there was still no concerted selling pressure. In this respect, the market remained technically weak right until the close. Investment support was at Its lowest ebb as buyers695 words
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Article105 1976-11-27 3 Reuter LONDON, Fri. Tuition fees for overseas students In Britain will rise by up to 40 per cent for the academic year starting next September, Education Secretary Mrs. Shirley Williams announced today. She told Parliament that fees for foreign postgraduate students would be raised from £750 (553,000)Reuter - 105 words
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Page 3 Advertisements
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Advertisement95 1976-11-27 3 Heartiest Congratulations Malaysia Shipyard And Engineering Sdn. Bhd. on the occasion of the official oepning of their shipyard to-day by The Hon. Prime Minister of Malaysia Y.A.B. Datuk Hussein bin Datuk Onn t from Dicklin The Suppliers of AMANO h The Best Name in Time Recorders The AMANO modular System95 words
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Advertisement60 1976-11-27 3 Heartiest Congratulations And, Best Wishes To Malaysia Shipyard and Engineering Sdn. Bhd. On The Official opening of The Shipyard By The Hon. Prime Minister of Malaysia Y.A.B. DA TUK HUSSEIN BIN DA TUK ONN from KANSAI PAINT CO. LTD., JAPAN 27 FUSHIMI MACHI,S CHOME, HIGASHI-KU, OSAKA, JAPAN KANSAI UNITED PAINTS60 words
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Page 3 Miscellaneous
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Miscellaneous277 1976-11-27 3 SINGAPORE 5 1.05 p.m. Opening Announcements followed by Sesame Street 2.05 Saturday Matinee "Rock, Pretty Baby" Starring: Sal Mineo, John Saxon, Luana Patten, Edward C. Plait, Fay Wray 330 What's My Line 3.55 Soccer MCFA Cup Final Singapore Chinese vs Selangor Chinese. (English) 4.50 Sandiwara "Airmata Sebagai Hadiah" (r) 5.25277 words
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Miscellaneous110 1976-11-27 3 WEATHER report for 24 hours prior to 7.30 p.m. on Nov 26 at Singapore airport: Maximum temperature 29.5 C Associated humidity 66 Minimum temperature 23.5 C Associated humidity 92 Hours of sunshine 0.05 Rainfall in millimetres Nil Total rainfall for the month 245.1 Total rainy days for the month 18110 words
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OVERSEAS
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242 1976-11-27 4 UPI TOKYO, Frl. Prime Minister Takeo Mlki yesterday said the results of Japan's Dec 5 general election will determine whether he should stay in office, not pressure from ruling party forces seeking to oust him. Speaking to reporters during a campaign swing throughUPI - 242 words
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Article48 1976-11-27 4 UPI ROME, Frl. The UN world food programme announced yesterday it had approved US$2O6 million (SSSOS million) for aid projects in 18 developing countries. The largest allocation was $29.6 million for four projects in Pakistan. Somalia was allotted $28 million for two projects. UPIUPI - 48 words
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Article, Illustration340 1976-11-27 4 UPI HONGKONG, Frl. The campaign against Mao Tsetting's widow and three other purged radical leaders has caused serious splits In Communist Party committees in at least four provinces of China. Army troops have been ordered Into government offices, factories, schools and other organisationsUPI - 340 words
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Article, Illustration343 1976-11-27 4 Reuter AMSTERDAM, Fri. Three Dutch citizens have lodged separate appeals with the Amsterdam Appeals Court against the Government's decision not to take legal proceedings against Prince Bernhard of the Netherlands for his role in the Lockheed affair, the Dutch Public Prosecutor said tonight. PublicReuter - 343 words
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Article, Illustration45 1976-11-27 4 QUEBEC CITY, Fri. With hi* right hand on the Bible, Mr. Rene Levesque it sworn in as Prime Minister of Quebec yesterday at the National Assembly here. At the left is the Lieutenant-governor of Quebec, Mr. Hughes Lapointe. AP radiophotoAP radiophoto - 45 words
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Article39 1976-11-27 4 Reuter BANGKOK, Retired Air Chief Marshal Harln Hongsakul was today elected Speaker of Thailand's new National Administrative Reform Assembly (NARA). The election of Marshal Harln, 62, was made during the first meeting of the newly-appointed Assembly. Reuter.Reuter - 39 words
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318 1976-11-27 4 Reuter MEXICO CITY, Frl. Troops were out on patrol In northern Mexico today as thousands of peasants roamed the countryside threatening to take over big estates by force. Feelings ran high In the area over outgoing President Luis Echeverrla's takeover of 100,000 hectares ofReuter - 318 words
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157 1976-11-27 4 Reuter TOKYO, Fri. Japanese car makers have decided to halt or drastically reduce passwiyer car shipments to Britain in December, in* dnstry sources reported tosources said the steps was in response to strong criticism against sharply rising Japanese car sales in Britain. TheyReuter - 157 words
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Article115 1976-11-27 4 Reuter LONDON, Fri. World natural rubber production In the first seven months of 1976 rose to 1.94 million tonnes from 1.83 million in the same period last year and 3.3 million for the whole of 1975, the International Rubber Study Group said. was 2.05 million tonnesReuter - 115 words
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Article66 1976-11-27 4 AP TOKYO, Fri. Vietnam and East Germany signed protocols yesterday on the exchange of goods and payments, and aid to Vietnam In 1977, the Vietnam News Agency reported. The VNA broadcast monitored In Tokyo said the protocols were signed in Hanoi by Mr. Kurt Fensek, East German ViceAP - 66 words
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264 1976-11-27 4 AP GENEVA, FYI. Poor working conditions and a negative attitude toward youth by employers are causing disenchantment, apathy and lack of professional Interest among many young workers, the International Labour Organisation (ILO) reports. It says the attitude of youth to work has changed drastically,AP - 264 words
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337 1976-11-27 4 UPI WASHINGTON, Fri. The nation will have to significantly increase production of aluminium, iron ore and other materials In the next 15 years Just to meet the growing demands of energy industries, a government report said yesterday. At the same time It isUPI - 337 words
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306 1976-11-27 4 LONDON, Fri. The Soviet Union still holds the Initiative In Africa and is capitalising on its long-term strategic penetration there, an independent rlghtwlng orientated research body reports. The Institute for the Study of Conflict said in an African survey that after the successful306 words
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Article114 1976-11-27 4 Reuter LONDON, Fri. Recent falls In the value of sterling helped boost British Airways profits to £25.3 million (*****.2 million) In the six months up to Sept 30, compared with a loss of £1.9 million in the same period last year. The figures, publishedReuter - 114 words
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Article99 1976-11-27 4 Reuter TOKYO, Fri. Prime Minister Takeo Miki instructed Cabinet ministers to make redoubled efforts to attain the official anti-ln-flation level by holding down the annual rise in consumer prices to about eight per cent by the end of fiscal 1976, a Cabinet spokesman said. Mr. Miki told Agrlcul-ture-ForestryReuter - 99 words
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636 1976-11-27 4 AP SYDNEY, Frl. Australia, called the "lucky country" because of Its vast mineral riches, Is facing devaluation and economic hardship brought on by Inflation, business recession and strikes. Prime Minister Malcolm Fraser, who came to power a year ago promising to correct JustAP - 636 words
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Article69 1976-11-27 4 Reuter BANGKOK. Fri. The Thai Commerce Ministry set a rice export target of 1.1 million tonnes of rice for next year, ministry sources said. The current rice crop was estimated to yield 13.5 million tonnes of padl or 8.8 million tonnes of milled rice, of which 7.8Reuter - 69 words
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Article42 1976-11-27 4 Reuter TOKYO, Fri. Japan's employment situation has been worsening with the ratio of effective demand for labour to Job applicants In October falling to the lowest in nine months, reflecting the pause in the economic recovery, the Labour Ministry said.Reuter - 42 words
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Article30 1976-11-27 4 OSLO, Fri. Norwegian state receipts from oil production in the North Sec increased ten-fold during the first 10 months of 1976 compared with the same period last year.30 words
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216 1976-11-27 7 Reuter LONDON, Fri. The Bank of England has given exceptionally large help to the money market for the fourth consecutive day, market sources said. The bank bought over £250 million worth of Treasury and local authority bills from discount houses and banks,Reuter - 216 words
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Article71 1976-11-27 7 Reuter DAMASCUS, Frl. Maritime experts from 14 Arab and European countries adopted a recommendation for the construction of three major International transit ports on Arab coasts to serve ArabEurope&n trade at a twoday conference here, conference sources said. The recommendation which will now be submitted to theReuter - 71 words
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309 1976-11-27 7 AN EEC study has recommended adoption of stringent standards of product liability. This could broadly Increase Insurance costs and possibly prevent high risk industries, such as pharmaceutical and aircraft manufacturers, from obtaining such Insurance coverage, according to Chemical Bank's latest Report from309 words
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419 1976-11-27 7 PARIS, Fri. Reuter ONE of President-elect Jimmy Carter's economic advisers said yesterday he thought Mr Carter would stimulate the United States economy by pumping In between US$lO billion and US$l5 billion (Ss24 billion and US$36 billion) from Increased federal spending andReuter - 419 words
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312 1976-11-27 7 Novosti hopes on USSoviet trade ties UPI WASHINGTON, Fri. A Soviet news organ has expressed "earnest hopes" the new Carter administration would remove barriers of a "political and emotional nature" and revitalise USSovlet trade, otherwise Moscow might turn to "much smoother West European trading grounds." The comment was contained inUPI - 312 words
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Article179 1976-11-27 7 Reuter WELLINGTON, Fri. The New Zealand Government is optimistic that Hunt Oil of the United State* will strike large oil reserves off the southern coast of the Sooth Island within the next few months, the New Zealand Press Association reported. It said the government has receivedReuter - 179 words
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Article152 1976-11-27 7 Reuter BASLE, Frl. The Swiss Bankers Association said the Swiss private bank rate Is cut to four per cent from 4.5 per cent effective today. The association said the reduction In the private bank rate reflected developments on the Swiss money market. The rate, whichReuter - 152 words
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325 1976-11-27 7 NYT CAIRO, Fri. Unrealistic exchange rates, vague investment laws and confusing bureaucracy are preventing significant foreign investment in Egypt, a task force of American businessmen has concluded in a special report presented to the Egyptian government. Also, some companies that wouldNYT - 325 words
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Article548 1976-11-27 7 PAUL HOFMANN - Anyone who doesn't know that oil prices have quintupled in the last three years, that they are probably about to go up again, and that consumers all over the world are stockpiling as fast as possible and at a premium (five per cent), just hasn't beenNYT - 548 words
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Page 4 Advertisements
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Advertisement77 1976-11-27 4 Congratulations And Best Wishes To Malaysia Shipyard and Engineering Sdn. Bhd. On The Official Opening Of The Shipyard By The Hon. Prime Minister of Malaysia Y.A.B. DATUK HUSSEIN BIN DATUK ONN From: SIONG HUAT HARDWARE CO. (PTE.) LTD 73, KALLANG ROAD, SINGAPORE 8 Tel: *****89, *****33 IMPORTERS AND EXPORTERS, STOCKISTS77 words
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906 1976-11-27 5 RAY MOSELEY - By RAY MOSELEY UPI LUPRAL, a big cement and metallurgy firm in this central Angolan coastal town, has lost 400 of its 1,000 employees this year and production is down to 30 per cent of normal. "I am the only technician left hereUPI - 906 words
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Article1534 1976-11-27 5 JOE ROGALY ON SOCIETY TODAY THE HOUSE OF LORDS THE HOUSE of Lords should be reformed but then so should the entire constitution. This argument Is not divisible; the second proposition follows directly from the first. You can see why If you work backwards from theFinancial Times - 1,534 words
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Article, Illustration1387 1976-11-27 5 DICK SODERLUND - By DICK SODERLUND AP SWEDEN'S most ambitious foreign aid project ever, a huge paper mill complex for around a billion kronor (***** million) has come under fire after reports of snowballing costs, thefts, delays and mismanagement. Little over two years after SwedenAP - 1,387 words
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Page 5 Advertisements
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Advertisement127 1976-11-27 5 a rsfl SALE OV U WORLDWIDE ECONOMY GOES THROUGH 'SUMMER LULL' In a nine-page story, prepared in collaboration with the Wharton Econometrics Forecasting Association (WEFA), NEWSWEEK INTERNATIONAL takes a close look at the economies of the major industrial nations and examines their progress and setbacks as they attempt to stay127 words
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Advertisement155 1976-11-27 5 Congratulations To Malaysia Shipyard and Engineering Sdn. Bhd. on the occasion of your official opening today by Y.A.B. DATUK HUSSEIN ONN PRIME MINISTER OF MALAYSIA We are proud to have been the suppliers to your prestigious project Of WESMAN Furnaces and Foundry Equipment FOSECO Metallurgical Fluxes VESUVIUS Crucibles Louis T.155 words
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TRANSPORT AND COMMUNICATIONS
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Article560 1976-11-27 6 ARRIVALS Scrvfce Loea 1 Operator Number Time From SIA SQ061 0005 HKO CAL CI 333 0040 TPE/HKG/ KUL JAL JL712 1000 HLP CAL CI814 1000 HLP SIA SQ211 1010 HLP OLA OA980 1030 HLP CPA CX710 1030 HLP THAI T0423 1035 BKK OIA GA908 1100 MES 8IA560 words
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Article, Illustration417 1976-11-27 6 EXPSCTSD AJWTVAJ.S TOOAV limi WHARVES Ova World (3EXU) (1800 after Palm Sea Hone) 13 Bunga Blndang (0600) II Bunfk Celang (after Bur.ga Blndang mil*) II Kunak (0100) 30 Sumber Turuu IV (0700 after Barwaguna Empat) (Req Ramp) 22 Dorla Taylor (1300 after Neptune Jasper) 29/30 Tons berg (after417 words
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Article, Illustration2403 1976-11-27 6 JOHN ELLIOTT VISITS SWEDEN AND DISCLOSES THE FIRST INDEPENDENT REPORT ON NEW CAR TECHNIQUE WHICH ARE TO BE MODIFIED FOR USE IN AMERICA Financial Times FOR SEVERAL years comS antes around the world ave been experimenting with ways of removing the drudgery and boredom fromFinancial Times - 2,403 words
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Article151 1976-11-27 6 AP LONDON. Frl. North American grain chartering still failed to expand yesterday but steady rates were repeated for US Gulf-Japan shipments In November-December and Dec 816 positions as the "afovos" received U8110.75 (FIO) (or a 40,000 tonnes and the Bankostar" took USSII (FIO) for a 30,000-tonne cargo. HamptonAP - 151 words
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Page 6 Advertisements
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Advertisement124 1976-11-27 6 Ifl/IGHT HOLIDAY/" The Executive's Travel Agent Suite 102.Cathay Building Mount Sophia Singapore 9 Telephone *****2. Our Best Compliments to MALAYSIA SHIPYARD AND ENGINEERING SDN. BHD. on their official opening by Yang Amat Berhormat Datuk Hussein Onn Prime Minister of Malaysia. the bank of \T/ TOKYO LTD 22, Medan Pasar, Kuala124 words
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Page 7 Advertisements
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Advertisement1360 1976-11-27 7 N.M. Rothschild Sons Limited (registered in England No. *****9) Registered office: P 0 Box No 185 New Court St Swithin's Lane London EC4P 4DU 26th November, 1976 Dear Shareholder, SIME DARBY HOLDINGS LIMITED You will have received a letter from Mr J E Bywater, the Chairman of Sime Darby Holdings1,360 words
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COMPANY NEWS
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Article367 1976-11-27 8 TRUE to Its forecast, JackChla MPH looks all set to turn In a very good performance for the current year ending March 31, 1977, judging from the fine Interim performance. For the first half-year ended Sept 30, 1976, group pre-tax profit rose more than twofold367 words
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369 1976-11-27 8 HIGHER Interest and Increased investment income from its holding in Consolidated Plantations together with a modest improvement in its estates operations in Malaysia have enabled Batu Matang Rubber Plantations to turn in a 20 per cent Increase in pre-tax profits to £93,002 for369 words
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Article51 1976-11-27 8 BUKIT Katll Rubber Estates has declared an Interim dividend of 10 per cent payable on Dec 28 to shareholders appearing on the register at that date. The book closure dates are from Dec 18 to 28 Inclusive. This interim dividend Is four points higher than that declared last51 words
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Article206 1976-11-27 8 MS. George C. Magnus has been appointed alternate director to Mr. J.H.T. Scothorae with effect from Nov 24, according to an announcement by Jack Chla-Mph. The following directors were not re-elected to the board of Federal Cables, Wires and Metal Manufacturing at its recent AGM. They are206 words
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475 1976-11-27 8 FROM all indications Cokl Storage Holdings Is not about to get out of the profit rut It fell Into In fiscal 1974/75, In the current year ending Jan 31, 1977. An Indication of the current year outcome Is given In the latest Interim475 words
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660 1976-11-27 8 THE Malaysian cigarette manufacturing industry will require about 11.3 million kgs of locally grown and flu cured tobacco leaves by 1980. a senior executive of the Malayan Tobacco Company said. Enclk Nawawl Hajl Daud told the national tobacco seminar In Kuala660 words
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149 1976-11-27 8 IN reply to the Kuala Lumpur Stock Exchange query, Pan Malaysia Cement Works has released Interim sales revenue figures of Its associate companies, as required under the exchange's Undertaking Requirements C(s). For the first six months ended Sept 30 this year, turnover of 50 per149 words
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COMPANY MEETINGS
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Article23 1976-11-27 8 THE following company meetings are due: Nov 27, 12 noon, 5-E Poh Chong Building, 88 Jalan Ibrahim, Johore Bahru.23 words
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20 1976-11-27 8 Nov 30, 10 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.20 words
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Article18 1976-11-27 8 Nov 30,10.30 a.m., Registered Office, Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.18 words
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Article15 1976-11-27 8 Nov 30, 11 a.m. Registered Office, Sungel Way Brewery, Petallng Jaya, Selangor.15 words
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Article271 1976-11-27 8 GOODWOOD Park Hotel has prepared a fresh/agreement In anticipation of concluding the purchase of Hotel Summit in the near future. The hotel explains In a letter to the Stock Exchange of Singapore that delay In completing the transaction, which was first announced In April this year, "is271 words
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1707 1976-11-27 8 MARGARET REID - UK INSURANCE COMPANIES By MARGARET REID FT LONDON, Frl. Insurance companies as a group, with some £30bn. of funds, are unquestionably Britain's largest Investors, a role which has drawn them, however reluctantly, progressively closer to the political arena. The Importance of their Immense funds InFT - 1,707 words
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Article70 1976-11-27 8 Reuter CARSON, Calif, Frl. Nlssan Motor Corp USA, US distributor for Japan's Datsun vehlcieif said a Federal district court Jury In Miami cleared It of charges that It conspired with dealers to fix retail prices. Nissan said the Jury returned Its verdict two days ago after a five-week trial.Reuter - 70 words
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Article357 1976-11-27 8 Current Ex Date Total far 1 r payment Data payable the year previous year Hongkong Land 2.2% Oct. 19 Not. 27 2.2* 5.8* Kuala Sidin 5* Nov. 10 Not. 29 5* 5* 8.B.8. 12* Nov. 4 Not 29 12* 12* 20* Oct. 13 Not. 30 20* 17.5* U.O.L.357 words
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435 1976-11-27 8 A CONSORTIUM of banks, merchant bank and Insurance companies has provided Quia Padang Terap Bhd a loan of $18.5 million for seven years at 10 Der cent Interest. The loan will be for part financing of the cost of establishing a sugar plantation and435 words
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Page 8 Advertisements
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Advertisement119 1976-11-27 8 CHONG LEE LEONG SENG CO. (PTE) LTD. YANMAR DIESEL ENGINE CO. LTD., JAPAN extend their heartiest congratulations MALAYSIA SHIPYARD ENGINEERING SDN. BHD. on the official opening of their new shipyard. Never get afloat unless.. ...your engine is reliable 11* i it* LLliti MODEL BZ-ST 2310 HP ti YANMAR JMAHIME DIESEL119 words
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INTERNATIONAL COMPANY NEWS
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Article220 1976-11-27 9 Reuter BOCHUM, Frl. Fried Krupp Huettenwerke said It expects to make a lower operating loss this year than the 144 million marks loss of 1975. A company spokesman said it ran at a loss up to the summer but returned to profit In August/ September,Reuter - 220 words
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Article142 1976-11-27 9 Reuter CALGARY, Frl. Hudson's Bay OH and Oas said it concluded a deal with Texaco Canada giving Hudson's Bay a 10 per cent interest in a 2.27 million hectares offshore block 241 km from St. John's, NewfoundlandThe block, held under Federal permits by Shell Canada andReuter - 142 words
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Article111 1976-11-27 9 Reuter LONDON, Frl. Burmah Oil said an agreement was signed In Jakarta by Pertamina, the Indonesian state oil company, and Burmah Oil tankers In settlement of all outstanding claims In respect of the Burmah vessels Cedros, Cadogan and Universe Burmah for a total consideration of US$3OReuter - 111 words
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Article387 1976-11-27 9 LONDON, Frl. Helped by a strong third quarter, Imperial Chemical Industries has lifted pre-tax profit by 89.4 per cent to £428 million from £226 million for the nine months ended Sept 30, 1976. Though "profit received a boost from exchange gains, particularly In the third Suarter,387 words
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Briefly
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Article140 1976-11-27 9 TOKYO, Frl. Pioneer Electronic has enjoyed a 90.2 per cent jump In after tax profit to 11.13 billion yen from 5.85 billion yen for the year ended Sept 30, 1976. Oross sales rose 48.4 per cent to 160.9 billion yen from 108.4 billion yen. With the buoyant results,140 words
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Article95 1976-11-27 9 FRANKFURT, Fri. A 60.6 per cent Jump In world group pre-tax profit to 980 million marks from 610 million marks for the first nine months ended Sept 30, 1976, has been reported by Hoechst. A major portion of this big increase was accounted for by the parent which enjoyed95 words
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Article64 1976-11-27 9 TOKYO, Frl. After-tax groflt at Kansal Electric ower rose to 13.21 billion yen from 10.91 billion yen for the first six months ended Sept 30, 1976. The profit Increase of 21 per cent came on the back of a 14.9 per cent rise in gross sales to 456.4 billion64 words
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Article47 1976-11-27 9 ARNHEM, Trl. Akzo's loss-making chemical fibres unit, Enka Olanzstoff.sald it expects to return to profit next year. This will be achieved by withdrawing completely from stocking and tight yarns and by cutting costs in the nylon and polyester textile yarn sectors, it said In a statement.47 words
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Article41 1976-11-27 9 TOKYO, Frl. Bank of Tokyo has reported a slight rise in after-tax profit to 9.53 billion yen from 9.03 billion yen for the first six months ended Sept 30,1976. The bank Is maintaining the interim dividend at 2.50 yen.41 words
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Article44 1976-11-27 9 FRANKFURT, Frl. Dow Chemical Overseas Capital NV is raising US$lOO million through a 10 year private Eurobond placement at eight per cent, banking sources said. The bond, guaranteed by parent company Dow Chemical of the US carries an issue price of par.44 words
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Article96 1976-11-27 9 TORONTO, Fri. Net earnings at Canadian Imperial Bank of Commerce rose 8.9 per cent to C 5145.9 million from $133.9 million for the year ended Oct 31, 1976. Revenue showed a rise of 17.5 per cent to $2.21 billion from $1.88 billion. Earnings per share were $4.19 compared with96 words
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Article68 1976-11-27 9 TORONTO, Frl. On revenue up to Csl.3 billion from $1.17 billion, TorontoDominion Bank has reported net earnings of $92.2 million ($90.6 million) for tne year ended Oct 31, 1976. Earnings per share, however, showed a slight fall to $2.43 from $2.46. The comparative figures have been restated. Pre-tax profit68 words
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Article79 1976-11-27 9 WEST BERLIN, Frl. Sachs and Quest, Keen and Nettlefolds of the UK must wait until next month for the result of their appeal against the Federal Cartel Office's decision to reject OKN's plan to take a 74.9 E;r cent holding In Sachs, osemarle Werner, cartel division chairman of the79 words
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Article51 1976-11-27 9 LONDON, Frl. AB Ootaverken, the Swedish shipbuilding group, Is planning a US$2O million five year note Issue and $30 million eight-year bond offering on the International capital market, Orion Bank said as lead manager, per cent for the notes and 81/ 4 per cent for the bonds, It51 words
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Article306 1976-11-27 9 Reuter LONDON, Frl. Royal Dutch/Shell group managing director, Mr. E.QXj. Werner, said capital spending outside North America should be about one third more in 1977 than the 1976 estimate of £1 billion. In his speech to financial analysts in Frankfurt released here, he said that well over £500Reuter - 306 words
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567 1976-11-27 9 INVESTMENT FAVOURITES Reuter NEW YORK, Frl. Major bank trust departments were clearly not on the same wavelength as the mutual funds In the quarter ended Sept 30, 1976, according to figures Just released In Spectrum, a publication of Computer Directions Advisors of SilverReuter - 567 words
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Article841 1976-11-27 9 JOHN ALLAN - by JOHN ALLAN NYT THE Federal Reserves, which made headlines on Nov 19 by lowering the rate It charges on loans to the relatively few banks that borrow at the Central Bank's discount window, actually has been signalling In a less blatant way that ItNYT - 841 words
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Article130 1976-11-27 9 LONDON, Frl. Reporting a turnround at the halfway mark, French Kler Holdings has forecast a small profit for the current year ending Dec 31, 1978. It said a modest group profit will result this year after extraordinary items and amounts written off development plan. For the130 words
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Article51 1976-11-27 9 ZURICH, Frl. For the year ended June 30, 1976, Juvena Holding has suffered a net loss of 20.5 million francs compared with a deficit of 48.9 million francs, after extraordinary provisions for value adjustments and reserves of 13.5 million francs (49.7 million francs). The company is again passing the51 words
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675 1976-11-27 9 NYT NEW YORK, Frl. Despite optimism in the municipal bond market over last week's decision by the state Court of Appeals declaring the moratorium on US$l billion of New York City notes unconstitutional, there are mixed feelings among the experts regarding theNYT - 675 words
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Article37 1976-11-27 9 LONDON, Frl. The Republic of Finland Is planning to raise US$5O million through a five-year Issue of external notes on the US capital market and not the Eurobond market as reported earlier, bond market sources said.37 words
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Article646 1976-11-27 9 ROBERT METZ - Bv ROBERT METZ Reuter RELATIVELY cold weather for this time of the year and diminishing supplies of natural gas have again led some brokers to recommend shares of leading distributors of bottled gas, or propane. In the east, bottled gas Is used primarily to offset wintry windsReuter - 646 words
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Page 9 Advertisements
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Advertisement53 1976-11-27 9 to MALAYSIA SHIPYARD AND ENGINEERING SDN. BHD. on the occasion of the official opening today of the Shipyard by The Honourable Prime Minister of Malaysia YAB Datuk Hussein bin Datuk Onn From MALAYSIAN INTERNATIONAL SHIPPING CORPN. BERHAD £=3 COASTAL SERVICES SON. BHD. m TANKERS PANOCEAN**** SON BERHAD PERNAS MISC SHIPPING53 words
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Article1863 1976-11-27 10 SECTION ONE INDUSTRIALS 1976 Gr'i Gr*s Low Conpaay Last div Dir m P/E Vol Day High Sale e'rr O m) High Ltw 250 170 Acma 170crl unch 12.ON 1.1 7.0 8.5 1 170 170 206 172 Alcom 208 a 20.0 1.3 9.7 13.2 100 60 Allied Choc1,863 words
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Article991 1976-11-27 10 BID and offer price* officially lilted and bualnesa In and reported to the Btock 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 Board991 words
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Article140 1976-11-27 10 SINGAPORE UNIT TRUST (Muafm' price* for Nov 30) The Commerce 1.65 1.75 The Saving Fund 0.02 0.97 8'pore Prof Fund 0.77 0.82 8'pore Security Fund 1.24 1.31 S pore Inveat Fund O.N 1.04 ASIA UNIT TRUST (Manager*' price* for Nov 90) Mai Invest Fund 1.83 1.74 Mai Prof140 words
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Article124 1976-11-27 10 B O T 8 1/2% 1981 (IM.OM) (102WB 102*8 K 1)102* DBS convert* 6 1/2* 1991 (100.000) (978 97*8) D B S 8 1/2% 1982 (IM.OM) (99*8 100*8) E I B 9% 1982 (100.000) (102*B 102*8) E I B 8 1/4% 1983 (100,000) (99*8 99*8) I B124 words
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Article119 1976-11-27 10 5 1/2% 1/12/77 (1,000,000) (101.688 101.788) 5 1/2% 15/4/78 (1,000,000) (101.708 101.778) C 3/4% 15/6/80 (1,000,000) (102.758 102.858) 6 3/4% 1/12/80 (1,000,000) (102.758 5% T F 15/4/81 (1,000,000) (101.058 101.158) 5 3/4% T F 15/6/81-84 (1,000,000) (102.508 102.008) 6 1/4% T F 1/12/90 (1,000,000) (100.458 6 1/4%119 words
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Article1065 1976-11-27 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified INDUSTRIALS AJtoamata (1.808 I MS). Almm* (1.108 2.148). A. Cftaa. (O.SOB 0.675).1,065 words
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Page 10 Advertisements
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Advertisement94 1976-11-27 10 Congratulations And Best Wishes To Malaysia Shipyard and Engineering Sdn. Bhd. On The Official Opening Of The Shipyard By The Hon. Prime Minister of Malaysia Y.A.B. DATUK HUSSEIN BIN DATUK ONN PLEASURE BOATS WORK BOATS PATROL LAUNCHES SLIPWAY REPAIRERS SERVICES BOAT ACCESSORIES MARINE EQUIPMENT •SAILING BOAT FITTING •AGENT FOR HARTLEY94 words
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Article517 1976-11-27 11 SIME Darby continued to be the centre of interest in generally quiet but iteedy Stock Exchange of Singapore yesterday. As the fight over the composition of the board of Sime Darby heightened into a strong controversy, shareholders, especially the smaller ones, set about unloading their shares517 words
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Article460 1976-11-27 11 AFTER four days of slow decline, prices staged a light technical reaction to move cautiously higher on the Kuala Lumpur Stock Exchange. In the absence of genuine Investment support, however, conditions continued to rule dull and featureless. The tempo of trading too remained sluggish throughout with460 words
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Article111 1976-11-27 11 Reuter TOKYO, Frl. The Tokyo District Court said It issued an order to freeze the assets of Toyo Valve under its temporary receiver. Toyo Valve has sought court protection under the Corporate Rehabilitation Law with liabilities of 30 billion yen, the largest business failure of the year. TheReuter - 111 words
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OVERSEAS MARKETS
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Article281 1976-11-27 11 AMSTERDAM: The market was mostly firmer In dull trading ahead of wall street's closure on Thursday. Elsewhere transports firmed with the exception of KNBM, and banks also rose. Insurances were mixed. Industrial and trading stocks were unchanged to lower despite some favourable company news. Pakbssd closed 2.50 up after281 words
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Article16 1976-11-27 11 NEW YORK All US stock and option markets were closed on Thursday for Thanksgiving.16 words
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Article285 1976-11-27 11 FRANKFURT: Most shares extended Wednesday's losses, closing up to two marks lower on Thursday In quiet trading on lack of institutional buying, dealers said. Among stores, Karstadt lost seven marks and Kanfltof three. Most banks were up to two marks easier, though Bayerische Vereinabank lost four. Major chemicals and285 words
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Article375 1976-11-27 11 JOHANNESBURG: Most gold shares closed quietly firmer on Thursday In line with overseas bullion indications, although some movements off the top were noted following small bouts of profit-taking, delaers said. Financial minings were basically unchanged while elsewhsre, De Besn was one cent lower on the day at 315. Coppers375 words
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Article399 1976-11-27 11 PARIS: The market moved generally lower on Thursday. French Industry Minister Michel D'Oranano s announcement on Wednesday of planned new energy saving measures for next year helped dampen buying Interest, they said. Banks, transport and electrlcals were generally firmer. La Material Telephonlque, which announced higher net turnover In first399 words
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Article267 1976-11-27 11 ZURICH: Most sectors moved generally higher on Thursday, dealers said. Swissair improved In transport. Banks showed little change apart from Volksbaak which rose on good demand. Juvwu Peart fell on increased short selling after reporting a loss for year to June 30. Other flnanclals closed little changed. Insurances firmed267 words
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Article145 1976-11-27 11 MILAN: Moat stock prices resumed their upward trend In revived buying Interest on Thursday, following two days of weakness, bourse sources said. Flat was sharply higher, continuing recent gains. Aale, AMicuuloal General!, General* ImmobUiare, Montedison, both Olivottls and both Pirelli* firmed. Bnia Viecoea, UnidaJ and Btet all eased. NOV145 words
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Article154 1976-11-27 11 BRUBSELB: The market was mixed In very quiet trading on Thursday, with Wall Street's Thanksgiving holiday reducing interest, inhn Mid. Hii»nt?iii bra, OffMrt, and Betray row, while Uaiea Mtakn Cefcsrtll. Ant, Wf— LIU. Si-lMk, TtkMAM and Cmmtta fell Dutch and us stocks were firm, UK and French issues mixed.154 words
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Article283 1976-11-27 11 TORONTO. Stocks closed fractionally lower on Thursday after a day of quiet trading resulting mainly from the closing of U8 markets where many blue chips are lnterlisted. Bank stocks were mixed, and western oils showed some gains on Index, but most other snares were off. Caaa4iaa Imports! Bank st283 words
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Article519 1976-11-27 11 TOKYO: The market closed higher in moderate trading on Friday, with major domestic Investment trusts actively buying shares with anticipated good earnings prospects, on growing expectations the ruling Liberal Democratic Party will win In the general election on Dec 5, dealers said. The Dow Jones average rose 9.61 to519 words
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Article364 1976-11-27 11 HONOKONO: The market closed firm In moderately active but featureless trading on Friday, dealers said. Blue chips led the advance, With Hoafksu land gaining 10 to HKM.SS, Hongkong Bsnk 10 to $18.00, and Hutchison 2.5 to $3,025. J inline Matixwon rose to 10 115.00 and Swire Pacific five to364 words
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Article76 1976-11-27 11 NOV Bahti l Acta Fibre 1MB unch Bangkok Bank 231 2 Bangkok Invert. 1S1 unch Bangkok-Metro-politan Bank Ml ♦4 Beril Jucker 140 unch Charoong Thai Wire 1»1 -1 Dumex DualtThanl raber Merlin rim Trust Indo-Thai J And J Ho 1508 Jalaprathan Cement 79 -1 Kamasuta LeeKvangMln Metal Box 4.7576 words
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Article101 1976-11-27 11 MANILA: The market closed mixed on Friday with mining and commercial Issues Inactive though oil Issues rose In brisk turnover, dealers said. NOV U Pesos Acoje Mining Atlas Con A Atlas Con. B Bagulo Oold Benguet Con. B BF Goodrich CDCP IncoB Lepanto B Martnduque B Meralco Oriental A101 words
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Article427 1976-11-27 11 SYDNEY: The market eased to a new low for the year In quiet trading on Thursday, but price changes were mostly marginal, dealers said. The Sydney All-Ordlnarles fell 1.93 points to 404.89. BHP lost two emu to AM.S4, Lead Lmm five cents to $1.15 and Tlm Walaa three cents427 words
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Article86 1976-11-27 11 FINANCIAL TIMES INDUSTRIALS Thursday 302.0 Wednesday 299.0 Week ago 317.00 TIN Thursday 113.04 Wednesday 114.03 Week ago .118.(2 RUBBERS Thursday .501.87 Wednesday 493.69 Week ago 507.22 OILS Thursday .380.12 Wednesday 373.13 Week ago 384.10 DOW JONES AVERAGE INDUSTRIALS Thursday CloMd Wednesday 950.96 Week ago *0.13 LONDON DOLLAR PREMIUM Thursday86 words
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282 1976-11-27 11 HONGKONG, Frl. Commodore Electronics (HK) has announced that Its parent company, Commodore International, has acquired approximately 86 per cent of the Issued and outstanding voting stock and 70 per cent of all classes of stock of MOS Technology of the US. This transaction Involved282 words
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204 1976-11-27 11 Reuter TAIPEI, Frl. The Ministry of Economic Affairs confirmed that Grundig filed an application with the Eovernment to $et up a SSIO million factory In Taiwan to manufacture television sets for European markets. An official of the Foreign Investment Screening Committee said the GrundigReuter - 204 words
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Article53 1976-11-27 11 PARIS, Fri. Dow Chemical shares were quoted at 201.80 francs on their introduction on the Paris bourse and about 19,000 shares were traded on Thursday, stockbroklng sources said. The listing has not Involved the creation of new shares since dealers are buying Dow shares on other markets to53 words
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Article137 1976-11-27 11 Reuter HONGKONG, Fri. The Korea Iran Petroleum Co (KIPCO) Is to receive a US$5O million 5% year syndicated loan, at Interest of two per cent above the six months London Interbank Offered Rate, a spokesman for Orion Pacific said. He said the loan, currently being syndicated, will beReuter - 137 words
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Article30 1976-11-27 11 TOKYO, Fri. Fuji Heavy Industries said It will make a 30 million mark, seven per cent, five-year bond issue at par through syndicate by Bayerische Verelns Bank next Tuesday.30 words
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Page 11 Advertisements
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Advertisement166 1976-11-27 11 I 1 }t'M ■<v. e* ft ,-<: <.' <<«• rr 8 f V v A > V C m CP. &> kfc. *s g ?*K •v r?t *>--v M •V K'V.V *r '»-■> Only Qantas gives you 28 departures to Australia ana Europe every week. From Singapore To Amsterdam Athens166 words
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COMMODITY REPORTS AND PRICES
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Article637 1976-11-27 12 OPENING quotations in the Singapore rubber market were marked down fractionally following easier London advices and thereafter prices were steady, dealers said. Later some shortcoverlng and light nearby forward Interest returned prices to overnight levels, they said. Turnover was small. The morning session closed quiet with December RSS637 words
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Article106 1976-11-27 12 DAILY SSR and SMR prices at noon yesterday: R.A.S. DM. Jan. (Cum nt Mth) (For ward Mth) Buyer* Seller. Buyer* Seller* (ccnti iperkf) (eei lUperkc) SSR 20 (1-ton Pallet) 189 00 191.00N 190.00 192 OON SSR 50 (1-ton Pallet) 186.50 188 50N 181.50 189.50N M.R.K.L.B. SMR5CV (1-ton106 words
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Article166 1976-11-27 12 THE Straits tin price In Penang yesterday rose $6.62* to close at $1,230.00 per plcul on an official offering down 3 tonnes to 220 tonnes. In LONDON yesterday, Tin showed gains of £15 for Cash and £11 for Three Months In both contracts. The continuing rally at Penang166 words
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Article30 1976-11-27 12 Rubber: Nov 2$ Singapore: Dec. 204.75 (up 0.25 ct.) Malaysia: Dec. 209.25 (down 0.50 ct) Tin: $1,230.00 (up $1.(2 Vt) OffkrUl offering: 220 ton nee (down 3 tonnes)30 words
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Article231 1976-11-27 12 LONDON. Frl. Copper wire bars lost about £4 per tonne for Cash and £6 for Three Months. Prices sagged on the premarket under further small sale liquidation prompted by the steadier trend In sterling and expectations of a moderate Increase In warehouse stocks this week, dealers said. Three Months231 words
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Article123 1976-11-27 12 THE following Palm Oil price* were quoted In London on Thursday The prices are elf Rotterdam and are quoted in US dollar per long ton unlets otherwise stated. Thursday Prev. Malaysia 5% ffa built rw. unch 465 sir unch 455 sir unch 455 sir Sumatra 5% 7n Nov123 words
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Article155 1976-11-27 12 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Cocoa lit Oil: Bulk 175 sellers, old drum ISO sellers, new drum *85 teller*. Copra: Mixed (looee) UK/Cont <40 buyer*. Pepper: Muntok AST A white f.o.b. 100* NLW *317* tellers, 3trt«U white f.o.b. MS NLW (300 teller*. Sarawak155 words
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Article286 1976-11-27 12 IN a lifeless market yesterday, gold prices In Singapore stayed within the narrow band of UBsl3o/131 per ounce. With no news to Influence the market either way operators were content to stay on the sidelines to see if London or New York would provide any guidance In the evening.286 words
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Article83 1976-11-27 12 LONDON, Frl. Lead softened by £0.50 per tonne for Cash and £1 for Three Months. Values were shaded following the downturn In copper with a moderate two way trade developing for Three Months between £290.50 and £291.50 per tonne. A small rise is looked for In stocks this week.83 words
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Article123 1976-11-27 12 LONDON, Frl. Terminal opened quiet with prices £1.15 to £0.20 down in sales of 33 lots. Dealers said the market was awaiting the post holiday opening In New York. Values finished the morning £2.25 to £0.10 lower in sales of 533 lots. The main feature In a rather quiet123 words
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Article84 1976-11-27 12 LONDON, Frl. Zinc showed no basic change from previous closing levels. Light covering Interest against some fresh and recent physical sales held the market steady at the £388 Kx tonne level for Three onths. A supporting Influence was also an anticipated sizeable decline In stocks this week. Sales, however,84 words
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Article203 1976-11-27 12 BANGKOK, Frl. Indicative prices for rice quoted were: U8 dollar! per tonne FOB but* Bangkok. White Rice: 100 per cent Ist class 288. 100 per cent 2nd class 274, 100 per cent 3rd class 270. 5 per cent Ml. 10 per cent MO. IS per cent 237, 20 per203 words
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440 1976-11-27 12 The markets have continued to fluctuate narrowly within a three-cent range In thin and slow conditions, with turnover even more reduced; from a start of 206.50 cents In Singapore, levels finished the period one cent down on balance, said Holiday, Cutler and Bath In Its440 words
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MONEY AND EXCHANGES
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Article633 1976-11-27 12 TRADING In the foreign exchange market In Singapore was reported dull yesterday because of the Thanksgiving holiday In New York and because it was the last day of the trading week. Dealers said that while the closure of New York for the holiday removed a substantial number of dealers633 words
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Article167 1976-11-27 12 Asian rate ASIAN currency deposit interbank rate* u at cloae on Nov 26 US DaUar* (Spat) raw ru 7 day* 4 7/8 4 3/4 1 mth 5 3/16 5 1/18 2 mtha 5 1/4 5 1/8 3 mth* 5 3/8 5 1/4 mtha S 9/16 S 7/16 mth* 5 11/16167 words
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Article50 1976-11-27 12 RANOE of prt ess offered by dls count houses on Nov X Overnight 1* to 3* Call deposit 2 to M Bmy ■c Mta| 3-Month Treasurer bill* S >1* 3-Month Banks Mils 3S 3* 3-Month CD 3 7/16 3 4/18 •-Month CD «via 4 Source: National Discount Co50 words
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Article102 1976-11-27 12 Euro rates LONDON, Frl. Period Eurodollar deposit rates opened steady to firmer while shorts showed little change. Lack of offerings again made for gains of around 1/16 In near periods with the one month rate showing a disproportionate rise of 1/4 because of the Friday end of pqlod technicality. Bhort102 words
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Article277 1976-11-27 12 LONDON, Frl. Sterling recovered to 1.8520/40 against the dollar in early dealings here and in Europe, up from 1.8450/60 overnight The currency moved ahead chiefly on a forecast by the British National Institute of Economic and Social Research that Britain's current account payments will swing Into surplus next year,277 words
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Article256 1976-11-27 12 HONGKONG, Frl. The US dollar recovered sharply In active trading to be quoted at HK54.7710/30 In afternoon trading, against $4.7530/50 at Thursday's close and the 19-month low of $4.7440/60 recorded at Tuesday's opening, dealers said. They said the US unit's rise was due to an easing of short term256 words
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Article84 1976-11-27 12 RESULTS of Treasury bills tender held on Nov 26 for 91day and 182-day Bills. 91-day Bills to be issued from Nov 29 182-day Bills to Dec 1 to be Issued and 3 on Nov 29 Offered: $30,000,000 $20,000,000 Applied for: $76,570,000 $49,800,000 Allotted: $30,000,000 $20,000,000 Accepted bids:84 words
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Article59 1976-11-27 12 Minimum lending rates (in ACBC .6% First Chicago Algemene Bank 7 Citibank Bangkok Bank ,7K HSBC 7 Bank of America 6*« Indosuez 7 Bank of China .7% Malayan Banking 6* Bank of Tokyo 6* Mitsui Bank 6*. Bank Negara OCBC 6\ Indonesia .7* OUB 6*. Chartered Bank UCB 7 V.59 words
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Article114 1976-11-27 12 TOKYO, Fri. The dollar for overnight delivery closed at 295.49, up from 295.35 at the opening but little changed from 295.47 at Thursday's close. The US currency initially declined moderately on Increased sales of dollar export bills by traders but the rate later recovered on limited covering, dealers said.114 words
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Article39 1976-11-27 12 ZURICH exchanges quoted on Nov 26: US 2.4437-4444 UK 4.0240-0280 Can 2.4475-4495 W'Oerm 101.60-68 Neth 97.51-59 France 48.88-91 Belg 6.65Vi-66y« Denm 41.49-52 Norw 46.68-71 Swed 58.32-36 Italy 0.2823-2826 Austria 14.32-34 Port 7.75-78 Spain 3.57Vi-58 Arg 0.85-1.15 Japan 0.82^-8339 words
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Article54 1976-11-27 12 AUSTRALIA/NZ exchanges quoted on Nov 26: Australia: Sterling 0.7531/ 0.7453 US dollar 1.2354/ 1.2304 Ninety day air mall buying rates: Sterling 0.7874, US dollars 1.2634 Ninety day forward buying rates: Sterling 0.7645, US dollars 1.2193 New Zealand: Sterling 0.5918/ 0.5883 US dollar 0.9788/ 0.9688 Ninety day forward rate: Sterling54 words
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Article32 1976-11-27 12 FRANKFURT exchanges opening quotes on Nov. 26. US 2.4040/55 Can 2.3904/4015 UK 3.960/075 Neth 95.85/96.00 Swltz 98.27/42 Italy 2.775/790 France 48.00/15 Norw 45.02/07 Belg com 6.545/560 Belg fin 6.54/55 Japan 0.8130/4532 words
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Article99 1976-11-27 12 LONDON, Frl. Straight dollar bonds were unchanged to point higher in relatively active trading, dealers said. In general the more seasoned bonds tended higher while more recent issues were virtually unchanged. Scotland Elec Board 8% per cent 1981 held its level around 97% 98'/« as did Sodra 9*99 words
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Article77 1976-11-27 12 LONDON Frl. Silver declined by 1.5 to 2.4p per troy ounce. Values sagged under modest weekend liquidation prompted by lower gold and the steadier trend In sterling, dealers said. Three Months traded down to 271.2 p. Carries accounted for about half the turnover of 95 lots. On Thursday, silver77 words
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Article298 1976-11-27 12 LONDON, Frl. Futures opened £4 higher with March traded at £2,380 compared to £2,358 on Thursday. By the end of the opening call however values had gone £28 to £15 higher with Mch trading up to £2,378 and distant Bep at £2,400. Volume was 204 lots. Dealers said there298 words
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Article135 1976-11-27 12 LONDON Frl. There has been an improvement in most Western European countries' weather and this Is particularly noticeable In F O Llcht's assessments for EEC members, C. Czarnlkow said In Its latest weekly sugar review. West Germany, France, Belgium, Netherlands and. particularly Italy, have all135 words
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Page 12 Advertisements
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Advertisement101 1976-11-27 12 Congratulations And Best Wishes Malaysia Shipyard and Engineering Sdn. Bhd. On The Official Opening Of The Shipyard The Hon. Prime Minister of Malaysia Y.A.B. DATUK HUSSEIN BIN DATUK ONN From: Q®o UNIQUE CORPORATION PTE. LTD 220 BALESTIER ROAD, SINGAPORE 12. TEL: *****3/*****4 CABLE: UNIQUECORP SINGAPORE TELEX RS ***** and her101 words
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258 1976-11-27 13 NORWEGIAN companies with their experience In sophisticated shipbuilding repair, metal engineering, chemicals and oil exploration in the North Sea can contribute much to Singapore's industrialisation. This was stated by Professor Wong Lin Ken, MP for Alexandra, at the opening of the $1.5258 words
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Article138 1976-11-27 13 MR. Mak Kum Heng, chairman of the International Co-operative Trading Organisation (ICTO), says that India will be the next country to be represented in the organisation. Two Indian co-opera-tlves, the National Agricultural Federation and the Co-operative Consumers Federation, are waiting for approval to Join138 words
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Article98 1976-11-27 13 HONGKONG, Frl. The Cambodian Government has established a state trading company in Hongkong to trade with the capitalist world, the Asian Wall Street Journal reported today. The newspaper said the Ren Fung Co. Ltd was incorporated in the British colony last month with an authorised98 words
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278 1976-11-27 13 NEC Singapore, which started production of green fluorescent display tubes for, the electronic calculator industry on Aug S, will start a new product line next month. This is the manufacture of green fluorescent digital clock radio displays. Mr. Saburo Matsuda, msnsging director278 words
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Article52 1976-11-27 13 OTIS Iran and Tehran Redevelopment Corporation has won largest elevation has won one of the largest elevator contracts ever concluded, covering 345 elevators for over US$B.5 million (Ss2o million). The contract is for the Ekbatan housing project which will be the largest of Its kind In52 words
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Article27 1976-11-27 13 A MANUAL presenting the latest available data and analyses of 170 leading stocks in Singapore has been published by DBSDaiwa, at $10 a copy.27 words
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Article771 1976-11-27 13 LONDON, Frl. The stock market closed mixed among Industrial leaders on the last day of the account, dealers said. The opening mark-up on an economic Institute's forecast of a balance of payments surplus for 1077 was mostly erased on lack of follow through. At 3pm, the Financial Times771 words
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579 1976-11-27 13 AS expected, Kullm (Malaysia) failed to get through its resolution on the big shares-few-land deal with the Johore State Economic Development Corporation at its extraordinary general meeting held in Ulu Tlram, South Johore, yesterday. This followed the demand by a dissident group of579 words
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458 1976-11-27 13 WITHIN Its long-term objective of creating a fully Integrated electronics Industry, the Government will be giving especially high priority to developing the Industrial electronics sector, according to Mr. Wong Lin Hong yesterday. Mr. Wong, head of the electrical and electronics section of the Economlb458 words
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Article34 1976-11-27 13 Reuter BONN, Frl. The West German conservative opposition urged today that the "North-South" ministerial conference scheduled for Dec 15 In Paris be postponed by two to three months. Reuter.Reuter - 34 words
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655 1976-11-27 13 COMPANY directors should declare to their boards any connections they have with outside firms which might lead to a conflict of Interests with legal consequences. This advice Is given by Mr. Alan Daniel, parllmentary counsellor In the Singapore Attorney General's Chambers in an article655 words
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Article119 1976-11-27 13 FORMATION of the Singapore Manufacturers' Association Insurance Service was announced last night. It is designed to provide manufacturers with specialist insurance advice and with cover tailored to industrial needs. The Stenhouse Leow insurance broking group an association between the Singapore-based S.F. Leow company and the Londonbaaed Stenhouse group119 words
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Article101 1976-11-27 13 THE sale of high quality cognac is increasing at a satisfactory rate In Southeast Asia as a whole. The growth of sales in Singapore lttelf is encouraging. "And worldwide sales this J ear," said Mr. A. Herlardtubreull, chairman of Remy Martin, "are up 31 per cent over last101 words
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Article, Illustration180 1976-11-27 13 SINGAPORE has moved into the top ranks of international finance. The islandIT public is rated among the top six financial centres of the world by Dr. John Ballet (above) president of the Federal Reserve Bank of San Francisco. The other financial centres in his180 words
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195 1976-11-27 13 ASIEN-PAZIFIK Bank A.O. has has taken out a petition of bankruptcy in the High Court against Victory Electronics, claiming that the latter has made fraudulent transfers of part of their property. The hearing for the petition has been adjourned until Jan. 21 1977. The195 words
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Article30 1976-11-27 13 THE German Club Is holding a Christmas Bazaar today in aid of the Spastic Chiidrens Association. The bazaar will be held at German House, 12 First Avenue Singapore.30 words
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Article206 1976-11-27 13 The threat from within Marcos UPI MANILA, Frl. Philippine President Marcos said today that despite progress In regional economic cooperation, South-east Asia remains a fertile ground for insurgency and subversion. Mr. Marcos said that for the next several years, the threat to the region's security will not come from outsideUPI - 206 words
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Article193 1976-11-27 13 KUALA LUMPUR, Frl. Government ministries and departments will be asked not to purchase French goods if France refuses to withdraw its import restrictions on Malaysian textiles, Trade and Industries Minister Datuk Hamzah Abu Samah said today. He told the Dewan Rakyat during question time today193 words
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Article109 1976-11-27 13 KUALA LUMPUR, Fri. Petronas is to provide the aviation refuelling facilities at Bayan Lepas Airport In Penang as from 1978. Petronas Is also to provide aviation refuelling facilities at the Kuala Lumpur International Airport and the Senai Airport in Johore after gaining experience at the Bayan Lepas109 words
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Page 13 Advertisements
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Advertisement175 1976-11-27 13 jiiiiiiiiiiuiiiiiiiiiiiiMHiiiiiimiciiiiimiHiicjmiiiMiiiniiiiiiimiiuiiiiiii^ With Heartiest Congratulations a Best Wishes to MALAYSIA SHIPYARD AND ENGINEERING SDN. BHD. on the occasion of the official opening of their Shipyard from INTERNATIONAL HARDWARE ft ELECTRICAL CO (PTE) LTD. 612 SERANGOON ROAD, SINGAPORE 8 TEL: *****98 *****00 *****03 CABLE: "INHARDLEC" UIL rVCrI C,la I JI nr I175 words
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Advertisement250 1976-11-27 13 nN THE INTERNATIONAL EXHIBITION OF ELECTRICAL EIECTWONIC 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. ENQUIRY250 words
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Page 14 Advertisements
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Advertisement944 1976-11-27 14 ami MALAYSIA SHPWVRD AND ENGINEERING SDN. BHD. Official Opening of be Shipyard X :< w dt? N w > t i\ V F ?ffls < r, c* .1 i* r v il.¥ 3 iBSSBfIS** r tr i. -b v if, pir t <Ls/ Trr "*t-rni s r L> r 1944 words
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Page 15 Advertisements
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Advertisement778 1976-11-27 15 a MALAYSIA SHP»VRD AND ENGMSRMG SDN. BHD. It was just a swampy tract of mangroves, coconut trees, some rubber trees and secondary jungle. But the 425-acre piece of land in Fasir Gudang, about 18 miles from Johor Bahru, was considered an ideal site for what was to become one of778 words
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Page 16 Advertisements
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Advertisement814 1976-11-27 16 MALAYSIA SHPVARD AND BKMNBMNG SDN. BHD. A fleet of earth movers dug out a million cubic metres of soil. One hundred thousand cubic metres of concrete, 40,000 tons of cement and 7,000 tons of steel were needed to give the hole a shape. And what was once a desolate swampland814 words
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Page 17 Advertisements
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Advertisement493 1976-11-27 17 MALAYSIA SHPYARD AND ENGMBW4G SDN. BHD. rrv m} I k t\ MSE The people... The location, the facilities and the equipment are important. But behind them all is the planning, the managing and the implementing. The brainpower and the muscle power. The people who saw the project through and who493 words
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Page 18 Advertisements
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Advertisement370 1976-11-27 18 iicn 0 11 11 r«j i Malaysia Shipyard and Engineering Sdn. Bhd. on the official opening of their Shipyard today from I LOW KENG HUAT CONSTRUCTION CO. SDN. BHD. Lot No. 404, 3rd Floor, Ampang Park Shopping Centre, Jalan Ampang, Kuala Lumpur 04-07 Tel: *****5, *****2, *****7 *****3 LOW KENG370 words
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Page 19 Advertisements
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Advertisement294 1976-11-27 19 Heartiest Congratulations to Malaysia Shipyard And Engineering Sdn. Bhd. on the occasion of the official opening of their Shipyard today by The Hon. Prime Minister of Malaysia Y.A.B. Datuk Hussein bin Datuk Onn from General Electrical Contractors BINTAI KINDENKO (M) SENDIRIAN BERHAD fci&t x(file: 51 10, Damai Complex, Off Jalan294 words
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Page 20 Advertisements
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Advertisement176 1976-11-27 20 W" -A *Z m i p «wa r '*'> i mm i fr m i < s -V:". J::-- .V A&>:& congratulations! Carbox congratulates the new shipyard and the Carbox portal press CARBOX MANUFACTURER OF HEAVY PRESSES ***** SWEDEN MNI JERNEH INSURANCE CORPORATION SDN. BHD. §£>j|li| (INCORPORATED IN MALAYSIA) ■UJ176 words
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