The Business Times, 29 November 1976
1976-11-29
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The Business Times
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Title Section10 1976-11-29 1 BUSINESS TIMES M.C.(P) 1455/76 MONDAY, NOVEMBER 29, 1976 30 CENTS10 words
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NEWS IN BRIEF
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Article121 1976-11-29 1 KUALA LUMPUR, Sun. The Federal capital and its surrounding areas are facing an acute shortage of fish, causing prices, especially smaller varieties like ikan kembong, to spiral by more than 100 per cent in the past few days. According to the chairman of the Hoi Seong121 words
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Article97 1976-11-29 1 UPI GENEVA, Sun. Israeli Premier Yitzhak Rabin said today that "Israel cannot tolerate Syrian troops or Palestinian terrorists" across the Lebanese border and called for an Independent Lebanese force to control the area. At a press conference while attending the 13th Socialist International congress here Mr. RabinUPI - 97 words
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Article75 1976-11-29 1 AP TORONTO, Sun. In a rare front-page editiorlal, Canada's largest newspaper said yesterday that the country is "sleepwalking toward disaster" over Quebec separatism and "our national leaders are not about to wake us up." The Toronto Star, which is politically independent, said sweeping changes are needed to saveAP - 75 words
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Article69 1976-11-29 1 Reuter PARIS, Sun. Ireland's economic situation is critical and the Government will have to continue controlling incomes even after the present pay pause ends, an international report said. The annual report on Ireland by the Organisation for Economic Co-operation and Development (Oecd) warned that if present trendsReuter - 69 words
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Article77 1976-11-29 1 AP BRUSSELS, Sun. Unemployment is on the rise again in European Common Market countries with France and West Germany hit especially hard, the joint nine governments' executive said on Friday. West Germany reported 943,686 unemployed in October, up from the September figure of 898,702, though stillAP - 77 words
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Article66 1976-11-29 1 Reuter SIBU, Sun. Malaysian troops have killed two communist guerillas, including the daughter of a tribal chief in Sarawak, State Chief Minister Datuk Abdul Rahman Yakub said here today. Datuk Rahman told reporters that the two were among group of 11 guerillas involved in an armed clashReuter - 66 words
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Article42 1976-11-29 1 Reuter AMMAN, Sun. Jordanian Prime Minister Mudar Badran has reshuffled his four-month-old Cabinet, appointing seven new ministers, the official Jordan news agency said today. The reshuffled Cabinet was sworn in by King Hussein late last night, it said. Reuter.Reuter - 42 words
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Article127 1976-11-29 1 THE following list of stocks gives the 10 most traded tn on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units closing prices on Friday and high and low for 1976. Company Turnover Price* High Low "000 Nov 26 1976 Sime127 words
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LOCAL STOCK INDICES
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Article86 1976-11-29 1 ft B.T. Index Nov22 Nov 23 Nov 24 Nov 25 Nov 26 247.9j 244.63 239.93 237.36 238 55 Industrials: 248 06 247.53 245 86 244 34 244.67 (a> Finance: 441.95 439 25 435 47 434 03 435.29 Hotels: 150.95 150.29 150.56 150.59 150.59 Properties 138 98 136 36 137.3586 words
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Article95 1976-11-29 1 Nov 22 Nov 23 Nov 24 Nov25 Nov26 ft B.T Index: 185 34 183 43 179.81 177.12 179.83 Industrials 270.63 269 79 268 64 267.78 268.49 (a Finance 378.49 377.38 374.56 371.23 372.94 Hotels 169 80 169 80 169.65 169 65 169 65 Properties: 140 89 139 79 137.7395 words
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319 1976-11-29 1 Reuter AP WELLINGTON, Sun. New Zealand will suspend its foreign currency dealings from tomorrow after today's 17.5 percent devaluation of the Australian dollar pending a Cabinet decision on what action, if any, was necessary, a spokesman for Prime Minister Robert Muldoon said here.Reuter; AP - 319 words
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Article61 1976-11-29 1 Reuter PORT MORESBY, Sun. Papua-New Guinea (PNG) carried out a double currency switch today only hours after the Australian dollar was devalued by 17.6 per cent. The PNG Kina dropped 12.5 per cent in relation to the new value of the Australian dollar, but only about 7.25 perReuter - 61 words
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Article830 1976-11-29 1 DEVALUED BY 17.5 pc Reuter AP a SYDNEY Sun. Austra--6 lia, crippled by record uni employment, high inflation, worker unrest and a i sharp decline In foreign res serves, devalued the Aus- tralian dollar by 17.5 per 1 cent today. f The Government set the rateReuter; AP - 830 words
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642 1976-11-29 1 IS the structure of the Singapore capital markets well designed to meet the needs of the manufacturing and service sectors, or would industry be better served by new credit institutions, along with measures to stimulate a more active market in equities and fixed Interest642 words
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Article499 1976-11-29 1 UK FINALISING RESCUE PLAN REPORTS late last night from London said that the British Cabinet is on the point of completing its package of policy measures necessary to get approval from the International Monetary Fund for a USS3.9 billion loan. The Cabinet is expected to take the final decisions on499 words
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272 1976-11-29 1 THE one-day visit of President Suharto of Indonesia to Singapore today, ai the invitation of the Government, will be seen as a move to cement the existinc political and economic ties between the two countries. President Suharto, accompanied by the Minister for272 words
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383 1976-11-29 1 THE Development Bank ol Singapore (DBS), has announced a further cut in its prime rate by another per cent to 6* per cent. Effective Monday, this reduction will be the third time this month that DBS has pulled down its prime and follows383 words
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Article130 1976-11-29 1 and in Holland MORE indications of the general worldwide decline in interest rates came over the weekend, with an announcement from the Dutch central bank of a full one point cut in Holland's bank rate. The rate thus falls from seven to six per cent, effective today. The bank's statement130 words
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Article146 1976-11-29 1 Reuter KUALA LUMPUR, Sun. Thai Prime Minister Thanin Kralvlchlen will visit Penane tomorrow for an informal meeting with his Malaysian counterpart, Datuk Hussein Onn, it was announced here today. A Foreign Ministry spokesman said Mr. Thanln's one-day flying visit would provide an opportunity for the two leaders,Reuter - 146 words
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Page 1 Advertisements
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Advertisement57 1976-11-29 1 Wiyfbong MAF A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it most Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7. INSIDE Leisure P3 Features P4 International Co news/ Overseas? news P5 Local Co news/ Share information service P6 Overseas markets P7 Commodities P857 words
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Advertisement105 1976-11-29 1 Banking services? ACBC makes it easy. ACBC has the resources, the expertise and the experience And it all adds up to making banking easy for you On a complete range of banking services Both domestic and international! You'll find our people easy to talk to You'll like the simple direct105 words
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Advertisement170 1976-11-29 1 WOW' Cool healthy pollution <> t -e dmnng.s POSSIBLE COOL- /MASrgff PUREACE A* CAR AIR CONQmONER Am PURFCR CHUNG SHAN MOTORS icsf 5-11 GOLDHILL PLAZA Tel *****2 240 LAVENDER STREET Tel *****80 Only 2.5 mm thick. And automatic. GOLDEN SHAOOW 18 ct wtiie gold Ret *****8/0411 With a 48-hour power170 words
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Page 1 Miscellaneous
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Miscellaneous54 1976-11-29 1 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Nov 28 at Singapore airport: Maximum temperature 30.3° C Associated humidity 75 Minimum temperature 23.0° C Associated humidity 98 Hours of sunshine j 3 55 Rainfall in millimetres 32.4 Total rainfall for the month 281.7 Total rainy days54 words
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Page 2 Advertisements
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Advertisement2023 1976-11-29 2 Sime Darby, Statement No. 2 For those who want the facts here are some questions and answers that may help Tun Tan Siew Sin Yong Pung How The former Finance Minister of Malaysia; The Chairman of the 1964 Commonwealth Finance Ministers Conference; Chairman of the Commonwealth Parliamentary Association, 1971; Chairman,2,023 words
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Article492 1976-11-29 3 WITH Just 11 days to go before Slme Darby shareholders have to decide the fate of four Incumbent directors, supporters and their opposition have each had their say on the matter. The now fragmented board three Malaysian °ut against the chairman's circular to shareholders hinted strongly that the492 words
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Article289 1976-11-29 3 ALL the indications are that next year is going to be a tough one economically, and If the Organisation of Petroleum Exporting Countries (Opec) increases the price of crude oil by only a small percentage the global probelms of unemployment, inflation and balance of payments are going to289 words
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REVIEWS
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Article, Illustration930 1976-11-29 3 ILSA SHARP - THEATRE By ILSA SHARP THE scent of nostalgia hung heavily over Raffles Hotel's elegant Tiffin Room this week as The Stage Club explored the art of "camn" and "kitsch" in "An Evening With Noel Coward". Perhaps understandably, this miscellany of song, dance930 words
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848 1976-11-29 3 'music! F.G. THERE Is the safe shadow of a bad conscience over this week's classical music recommendation. Any tattered survivors from last Monday's toying with Bartok's explosive opera, Bluebeard's Castle? Not by far the easiest aesthetic assault to brave but, perhaps. It wasF.G. - 848 words
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Page 3 Advertisements
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Advertisement149 1976-11-29 3 i J* i »i w Ti 1 > V ~«r~r > I. Sin tat combines good business sense with hospitality, diplomacy with economy. And, what are YOUR considerations when you consider using a car rental service? Service of course! Service is a word that needs a clear definition- At SINTAT,149 words
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Page 3 Miscellaneous
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Miscellaneous612 1976-11-29 3 Jumbo two-in-one crossword CRYPTIC PUZZLE ACROSS 9 An expedient to force to move (9) 10 After mere repair to ship, get on board again (2-6) 12 Pa left potato for him (4) 13 Acted maliciously when the thing ran outside (6) 14 Does it suit any room it's put into?(7)612 words
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Miscellaneous323 1976-11-29 3 RADIO TV SINGAPORE 5 3.00 PM Openina followed by Valar Pirai (Tamil Repeat) 3.30 Diary of Events (Tamil) 3.35 General Hospital 4.15 Science Report 4.30 Intermission 5.55 Opening followed by Accent on Youth (Repeat) 6.30 News in Brief 635 December Bride Guest Star 6.55 Classic Keystone Comedy Capers Gussle Tied323 words
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2270 1976-11-29 4 DOMINICK COYLE - ITALIAN BANKING: MUTE PROSPERITY. By DOMINICK COYLE IT IS neither possible nor realistic to review fully the Italian banking scene without first sketching In some detail of the political and economic background against which the banks both Italian and foreign have to operate. True, Italian banks in particular have shown2,270 words
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Article, Illustration1723 1976-11-29 4 M.I.C. Bain - By M.I.C. Bain M.I.C. Bain is a partner of Lyall and Evatt WEEK DAYS: "This man's week" has changed entirely this year. From being a stockbroker dealing mainly In ordinary shares, the emphasis has changed to being occupied almost exclusively with the two se- parate new markets1,723 words
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Article1308 1976-11-29 4 MIKE FEINSILBER - By MIKE FEINSILBER ke WHEN he takes office, Jlmmy Carter may be tempted r to say what John Kennedy said on May 27, 1971 four jl months after he assumed to the presidency. "When we got Into office, the thing that surprised me most was1,308 words
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Page 4 Advertisements
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Advertisement184 1976-11-29 4 KUALA LUMPUR Where the byword is service. Fast, efficient, smiling service. A helping hand at your elbow, a warm spontaneous smile with your drink, genuine concern for your comfort and ease. Naturally we've facilities of international standard: luxurious rooms, convention facilities, speciality restaurants serving first-class Continental, Japanese and Chinese cuisine,184 words
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Page 4 Miscellaneous
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Miscellaneous203 1976-11-29 4 Crossword solutions CRYPTIC 80LUTI0N ACROSS. 9, Makeshift. If, ii —i hark. 12, (p)Ot(a)te. IS, Sp-it-od. U, DruHr, IS, Tart-match. 17, Hails-taae. 18, Re-sou-nd. 29, Tm>U. 21, Bhw. 24, Haltered, 28, Very well. 28, Are-a(rer.). 29, la-teat. 31, Wood-cut. 34, Sup-poring. 38, Fore-stall. 38, ValeriaU rrnal). 39, la-(bit)ter-a. 40, S-kia. 41,203 words
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OVERSEAS
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Article131 1976-11-29 5 Reuter WASHINGTON, Sun. The US has raised duties on imported brandy to US$O.66 a litre (551.62 a litre) effective last Friday Mr Frederick Dent, Special US Trade Representative said. Mr Dent said the duties on brandy Imports, which mainly come from France, areReuter - 131 words
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Article61 1976-11-29 5 Reuter WASHINGTON, Sun The Treasury Department said it has begun an investigation into charges that saccharin made In Japan and South Korea are being dumped, or sold at less than fair market value In the US. Imports of saccharin from Japan and South Korea totalled US$2.4 (555.88) millionReuter - 61 words
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491 1976-11-29 5 Reuter UPI TOKYO, Sun. Japan was apparently shocked yesterday by the Washington announcement that the United States had reached agreement with the Soviet Union governing fishing rights within 320 km of the US coast. Officials of the Japanese Fishery Agency expressed concernReuter; UPI - 491 words
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346 1976-11-29 5 Reuter TOKYO, Sun. The Federation of Economic Organisations (Keidanren) has sounded out two Japanese domestic airlines on the possibility of buying BAC--111 aircraft from the British Aircraft Corp, which would be one way to help reduce the Japanese trade surplus with Britain, a KeidanrenReuter - 346 words
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Article110 1976-11-29 5 Reuter RANGOON, Sun. Japan has agreed to assist the Burmese Government In building a US$lOO million (***** million) oil refinery near the central Burmese Mann oilfields, a government announcement said. The Mann area accounts for about 75 per cent of Burma's annual crudeReuter - 110 words
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Article661 1976-11-29 5 To mark the United States Bicentennial Year, Business Times is making a very special offer of a solid silver copy of the original Liberty Bowl for $2500 made by Paul Revere of Boston. Louis Heren, foreign editor of The Times, London, tells the story: A silversmith's hammer661 words
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327 1976-11-29 5 Reuter LONDON, Sun. The Sunday Times said today that Egyptian President Anwar Sadat had sent a personal message to Soviet Communist Party chief Leonid Brezhnev suggesting their countries should normalise relations. In an Interview In Cairo Mr. Sadat said the message hadReuter - 327 words
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239 1976-11-29 5 The original bowl is currently in the Museum of Fine Arts. Boston. It was acquired by the museum in 1949. For this exclusive worldwide offer. 1776 copies have been made which corresponds to the year of the Independence of the United States.239 words
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INTERNATIONAL COMPANY NEWS
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Article534 1976-11-29 5 NYT NEW YORK, Sun. Four more of the nation's top 10 steelmakers said they planned to raise prices of sheet steel by six per cent on Dec. 1. They were the Armco Steel, Inland Steel, Youngstown Sheet and Tube, and Wheeling Pittsburgh Steel. Their actionsNYT - 534 words
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Article98 1976-11-29 5 Reuter LONDON. Sun. British Petroleum said it expects to start production early next year of liquefied natural gas as a by-product of its crude oil output from the North Sea Forties field. Each of the field's four oil platforms have been sup{>l led with naturalReuter - 98 words
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Article51 1976-11-29 5 Reuter DAYTON. Sun. NCR Corp said It signed a five-year agreement with the Soviet Union for the application of electronic point-of-sale retail systems to Soviet department stores, supermarkets and restaurants. NCR said under the agreement cooperative scientific and technical efforts can also be extended to other fields.Reuter - 51 words
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450 1976-11-29 5 NYT NEW YORK. Sun. New York City and state officials said that the help of New York's banks and pension funds was crucial to solving the problem of paying off US$l billion in short-term New York City notes. These officials said that theNYT - 450 words
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Article77 1976-11-29 5 TOKYO, Sun. Comalco has asked Japanese aluminium smelters for a sharp Increase in bauxite prices for 1977 shipments to Japan, Nippon Light Metal said. It declined further comment but trade sources said Comalco Is demanding a 65 per cent increase In export prices to US$l5 a tonne. Japan last77 words
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152 1976-11-29 5 Reuter TOKYO, Sun. The Bank of Japan said it will shortly advise Japanese banks and other financial institutions to prevent a chain reaction among smaller related firms to Toyo Valve's business failure. The Central Bank said It may instruct them to supply loans,Reuter - 152 words
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104 1976-11-29 5 Reuter RIO DE JANEIRO, Sun. Brazil's Federal Rail Network (RFFSA) said it signed a US$24O million contract with General Electric for the supply of equipment and services for its so-called "steel railway" between Belo Horizonte and Volta Redonda. and for the Rio de Janeiro-SaoReuter - 104 words
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Article26 1976-11-29 5 WASHINGTON. Rim Union Carbide has filed an offering with the Securities and Exchange Commission for US$2OO milUon oi debentures due 2006, through Morgan Stanley.26 words
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Page 5 Advertisements
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Advertisement85 1976-11-29 5 ORDER FORM To apply for the Liberty Bowl, please complete the order form In block letters. This offer is for Singapore addresses only. All applications will be dealt with and numbers issued in strict rotation. A telephone number is requested so as to allow us to get In touch with85 words
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Advertisement79 1976-11-29 5 urf >> r. y/ > 17> If -^;,lt#LiC ■'',•>'< .A\y., 1h U~ ».</...t< "> f *ft t v/ «<X' v*.* •"»»*< r rB j > '< >.. M \*.t.tf X.<" *1 '«''<'*♦"• I I I Send completed form to: Promotions Dept., Time* Publishing Bhd, Times House, 390 Kim Seng Road,79 words
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COMPANY NEWS
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Article662 1976-11-29 6 UNITED Asbestos Cement Is one of the few companies that bucked the easier trend prevailing at the Stock Exchange of Singapore, thanks largely to Its three-for-four scrip issue. Since the beginning of the month the counter has moved up 30 cents to $3.40. This compares with662 words
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Article435 1976-11-29 6 GILANI Jute and Textile Mills(M) has suffered an unaudited loss of M 5368,000 for the first half-year ended June 30 1976 against a loss of $297,000 last time. The company ceased operations from the beginning of this year. The latest loss reflects mainly fixed costs, with435 words
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COMPANY MEETINGS
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Article21 1976-11-29 6 THE following company meetings are due: Nov 29, 2.15 p.m., Reglste ~ed Office, 10 Jalan Tandang, Petaling Jaya.21 words
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Article18 1976-11-29 6 Nov 30, 9.30 a.m. Registered Office, 14th Floor, Selegle Complex, Selegle Road, Singapore 7.18 words
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20 1976-11-29 6 Nov 30, 10 a.m., Registered Office, Penthouse. 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur.20 words
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159 1976-11-29 6 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4,1971 100) IS7.V7S Week Endinc HIGH LOW INDUSTRIAL GROUP POINT 19/11 2S/1 i CHANGE 198 51 91.57 Automotive 180.82 177.81 3.01 485 55 195.99 Banks, Insurance. Finance and Trustees 407.45 392.69 -14.76 161.45 94.30 Chemicals. Rubber Products. 240 42 125 83 Refining159 words
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Article364 1976-11-29 6 Current Ex Date Total for Total for payment Date payable the year previous year Kuala Sidira 5% Nov. 10 Nov. 29 5% 5% S.B.S. 12% Nov. 4 Nov. 29 12% 12% Kothmans 20% Oct. 13 Nov. 30 20% 17.5% L'.O.L. Loan 4.5% Nov. 8 Nov. 30 9% 9%364 words
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Article139 1976-11-29 6 PREMIUM Holdings has cut Its Interim dividend by 4V4 points to 7V4 per cent for the year ending Dec 31. 1976. The reduction followed a sharp fall In Interim pre-tax profit to M 586.050 from $542,024, already reported. However, reporting the plunge last month, directors said139 words
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136 1976-11-29 6 SES asks F N to disclose turnover THE Stock Exchange of Singapore has requested Fraser and Neave to disclose the holding company's volume of sales or revenue for the first six months ended Sept 30, 1976. The figure was omitted from the Interim report It Issued recently, the SES states136 words
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Article2162 1976-11-29 6 SECTION ONE INDUSTRIALS 1971 High Low CMpuy Last Sale 4- oron week Gr. tiv Dtv c'rr Gr'a y'U P/E Vol Week High Low 250 206 100 237 186 402 170 172 60 185 66 254 Acma Alcom Allied Choc Bata Ben Boustead 170cri 206 62 212 692,162 words
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Page 6 Advertisements
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Advertisement136 1976-11-29 6 Penguins in Business and Management Understanding Company Financial Statements: J. Parker Organization Theory: D. Pugh Business Strategy: H. Ansoff Corporate Strategy: H.-Ansoff Exploration in Management: W. Brown Modern Management Methods: E. Dale Offensive Marketing: J. Davidson Business of Management: R. Fa/k Modern Business Enterprise: M. Gilbert Corporation Man: A. Jay136 words
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OVERSEAS MARKETS
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Article1002 1976-11-29 7 NEW YORK: Stocks advanced across a broad front In moderate trading, paced by petroleum Issue* and blue chip* last Friday. Analysts said the market continued to respond to declining short-term Interest rates. The Federal Reserve was active In the government securities market again, as it was on Wednesday,1,002 words
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Article475 1976-11-29 7 TOKYO: The market closed mixed with an easier undertone in active trading, after opening higher last Saturday. The Dow Jones average lost 3.85 points to close at 4,507.43 with volume at 170 million shares. The new index closed at 349.23 up 0.08. Machineries and constructions led the decline, reflecting475 words
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Article281 1976-11-29 7 AMSTERDAM: The market closed mixed last Friday, although gains predominated, dealers said. Among Dutch Internationals Royal Dutch row strongly in active trading. Uiilevar also rose, but Hoogoeveas and Philips were unchanged and Afcao fell. Elsewhere, banks were firmer although NMB fell. Trading and Industrial stocks were mixed. Transports fell,281 words
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Article299 1976-11-29 7 ZURICH: The market edged higher on selective demand, last Friday. Major banks generally showed small gains but Volksbank (ell on prof It.taking. Financials rose except weaker Bally Bearer. Juvena Bearer recovered part of recent loos. Oerlikon Buehrle Registered was actively higher. Insurances were mixed and leading Industrials steady. Chemicals299 words
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Article427 1976-11-29 7 PARIS: The market last Friday was generally lower In calm trading, dealers said. Investors were apparently discouraged by the ft point rise In call money to 10% per cent, by Prime Minister Raymond Barre's statement rejecting a special plan to stimulate the economy and by deputy finance minister Michel427 words
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Article389 1976-11-29 7 JOHANNESBURG: Gold shares traded steady at lower levels in the afternoon as dealers consolidated positions last Friday. Heavyweights lost around SO cents while light and medium stocks were five to 10 cents off. Financial minings were unchanged to slightly firmer with Johnai— 25 cents firmer at 2375. De Beer*389 words
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Article264 1976-11-29 7 FRANKFURT: Most shares last Friday closed around the day's highs due to Investor demand In reaction to Thursday's losses, dealers said. Trading was sporadically active. BMW, Volkswagen and Mustmass led auto and steel shares up to three marks higher. Fried Krupp Huettenwerke preference shares rose one mark after the264 words
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Article1013 1976-11-29 7 .On November 26 PRICES were mostly higher on the Chicago Board Options Exchange last Friday. Advances led declines 398 to 76 and volume approximated 55,282 contracts, off from 63,393 Wednesday. OPTION JAN APL JLY STOCK Alcoa 45 1/2 NOL NOL 54 3/8 Alcoa SO UNTRD 61/4 UNTRD1,013 words
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Article142 1976-11-29 7 MILAN: The market last Friday closed generally higher In active dealings with fairly strong gains partly reflecting technically oversold position after midweek declines, dealers said. All leading industrials showed good gains as did financial*, banks and Insurances. Bonds were actively firmer. NOV K Lire Anlc 417 >12 Assoc Oen142 words
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Article148 1976-11-29 7 BRUSSELS- The market was slightly higher In quiet trading last Friday. Rises included Uaioa Minion, Traction, FN, Halaant-Baatoa, GB-Uaao-BM and Tabaeoflaa. VisUle Meatagae and Cbbac*. however, fell. French stocks again fell, Germans eased, and UK stocks were firm. Dutch and American issues were mixed were changed. Qokls declined. PanAu148 words
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Article236 1976-11-29 7 TORONTO: The Toronto market Industrial Index reversed an earlier loss of more than a point to close with a sain of nearly half a point last Friday but other Indices were down fractionally In fairly light trading. Volume totalled 2.11 million shares compared with 1.69 million on Thursday. BT.TORONTO236 words
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Article112 1976-11-29 7 LONDON: The last Friday's prices. following are delayed stock TIN8 AyerHltam Ber Junta! 3»* 375 10 unch HSPKJ? Idrls Hydro Kamuntlnc Malayan 220 72* SOW 36 1B6V, unch unch unch unch Pahan* Cons P-nrtJWn Peuhng i"** 135 unch +2* 8 PrUn 8. Klnta 40* unch unch South Malayan Sungei112 words
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Article88 1976-11-29 7 FINANCIAL TIMES INDUSTRIALS Friday 302.5 Thursday 302.0 Week ago 307.2 TIN Friday 113.52 Thursday 113.04 Week ago 117.70 RUBBERS Friday 509.47 Thursday 501.87 Week ago 503.38 OILS Friday 390.83 Thursday 380.92 Week ago 382.10 DOW JONES AVERAGE INDUSTRIALS Friday 956.62 Thursday 950.96 Week ago 948.80 LONDON DOLLAR PREMIUM Friday88 words
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Article236 1976-11-29 7 NYT. THE push to lower Interest rates produced dynamic gains In bond prices and continued advances In New York stock prices last week. Bonds generally moved to their highest levels and lowest yields since 1974, spurred by credlt-easlna signals from the Federal Reserve, the nationsNYT. - 236 words
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Loans
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Article93 1976-11-29 7 LONDON, Sun. Comfanhla Assos Especials tabira (Acesita), a Brazilian producer of speciality steel, is raising a US$BO million Eurocurrency facility, banking sources said. Terms call for five and seven-year, two-tranche loans comprising both fixed and floating interest rate portions, with the floating rate components carrying spreads between 1% per93 words
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Article32 1976-11-29 7 PARIS, Sun. The US$lOO million 10-year Eurobond for the state owned Credit National was priced at 99 per cent with an BVi per cent coupon, consortium coleader Credit Lyonnals said.32 words
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Article120 1976-11-29 7 LONDON, Sun. The New Zealand state owned Offshore Mining Co Ltd plans to issue US$5O million of guaranteed notes, due 1985, Citicorp International Bank said as issue manager. Indicated coupon on the notes is around 8% per cent, Eurobond sources said. Offshore Mining, established in 1973. is responsible120 words
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Article65 1976-11-29 7 LONDON, Sun. The European Economic Community has given a mandate to a group of banks to arrange a US$5OO million Eurocredit with a five year maturity for on-lending to a member state or states. Well Informed market sources said terms specifying a margin of percentage points over the65 words
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Article25 1976-11-29 7 AMSTERDAM, Sun. Bank Voor Nederlandsche Oermenten said its 100 million guilder 8% per cent 25-year debenture loan was priced at 99Vi per cent.25 words
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Article45 1976-11-29 7 ZURICH. Sun. Demand for the Swiss federal government s 500' million franc per cent 15»year loan is very strong and the loan is already certain to be oversubscribed, banking sources said. Lists for the 15-year loan opened on Thursday and close on Dec 1.45 words
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Article374 1976-11-29 7 Reuter HONGKONG, Sun. A decision by the Hongkong Government on whether the World Bank should be allowed to float a HKSSOO million Issue, exempt from the local 15 per cjnt withholding tax, is not now expected before late December or early January, Informed sources said. MeanwhileReuter - 374 words
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Page 7 Advertisements
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Advertisement38 1976-11-29 7 lEflf uti *Jb £J Mil i~ r kkl XL L" bJJ I 4 n 3 m m •:i m lit W tfll taut yL.«i»»Kii UJ y it *7 1 ft r Vf I IV 111 V 0 n38 words
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COMMODITY REPORTS AND PRICES
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Article196 1976-11-29 8 LONDON, Sun. Terminal rubber closed quiet after an uneventful day on Friday Prices were up from Thursday by l.iop (near Feb at «2 75p bid) to O.lOp. Lots traded totalled 89 of 15 tonnes Including 23 call options, 20 July/ Sep 1977 (short term one week) at 70.70p196 words
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Article154 1976-11-29 8 THE Straits tin price In Penang on Saturday closed the week up $11.50 to $1,241.50 per plcul on an official offering up 50 tonnes to 270 tonnes. In LONDON on Friday afternoon, tin on the day gained £30 for Cash and £28 for Three Months In both contracts.154 words
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Article124 1976-11-29 8 THE following Palm OH prices were quoted In London on Friday. The prices are clf Rotterdam and are quoted In US dollar per long ton unless otherwise stated Friday Pre»Malaysia 5% ffa bulk Dec unch 465 sir Jan unch 455 sir Feb unch 455 sir Sumatra 5% Nov124 words
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Article255 1976-11-29 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL on Saturday. Coconut Oil Bulk $77 'i sellers, old drum $82'2 sellers, new drum $87', sellers. Copra: Mixed (loose) UK/Cont. $4« ouyers. Pepper Muntok asta white f.o.b. 100% NLW $317' i sellers Sarawak white fob 96% NLW $300 sellers;255 words
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Article425 1976-11-29 8 Source: Swiss Bank Corp. Zurich. WITH New York closing on a barely steady tone, the market here opened lower at 5510,300 per kilo bar compared to 8510,400 on Saturday. The market was active with the London price fluctuating between U*****.60 to $128.50 per ounce and closed at $128.75/129.25 perSource: Swiss Bank Corp. Zurich. - 425 words
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Article201 1976-11-29 8 LONDON, Sun. Copper wlrebars on the day lost £1 for Cash and £2.50 for Three Months on Friday. The market was steadier inclined on small scale preweekend covering aided by the slight recovery at New York. Three Months worked up from £792 to £796 per tonne In the ring201 words
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Article109 1976-11-29 8 LONDON, Sun. Silver lost 1.3 to 2.2pper troy ounce on Friday. The market attracted some end-week covering which took Three Months to 272.4p in the ring before slipping back as profit taking found buyers reserved. Final kerb trade was at 271.3p Sales were 56 lots In NEW YORK on109 words
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Article131 1976-11-29 8 LONDON, Bun. Futures closed £4.75 down in near Dec and between £0.80 lower and £0.05 higher In other positions. Sales were 1,408 lots. Dealings were again featured by an easing of the near Dec position under long liquidation prior to Its expiration on Monday. By the close business was131 words
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Article76 1976-11-29 8 CHICAGO, Bun. Wheat futures finished a lightly traded, post-holiday session with losses of 3-* to 3-Vi cents a bushel on Friday afternoon. Speculative selling In the thin market was generated by weakness In the Canadian dollar, which was seen as increasing the difficulty of US wheat in competing in76 words
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Article211 1976-11-29 8 BANGKOK, Sun. Indicative prices for rice quoted on Saturday were: US dollars per tonne FOB Bangkok. White Rice. 100 per cent Ist class 280, 100 per cent 2nd class 274, 100 per cent 3rd class 270. 5 per cent 261, 10 per cent 240. 15 per cent 237. 20211 words
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Article23 1976-11-29 8 LONDON, Sun. Zinc was about £0.25 down on Friday. This metal was basically unchanged in light two way trading of 725 tonnes.23 words
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Article57 1976-11-29 8 Nov 2 Nov a Nov 24 Nov 25 Nov 2S Nov 27 tTtn: SI.235 00 S1.228.12W S1.220.12W S1.223.37W SI.230 00 $1,241.50 Tonne: •Rubber (S): •Rubber(M): 300 205 50 211.00 220 206 50 212.50 230 204~50 209 75 223 204 50 209 75 220 209 25 27057 words
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Article34 1976-11-29 8 LONDON, Sun. Lead lost £1.25 for Cash and £2 for Three Months on Friday. The market attracted scattered covering which held the market at £291 for Three Months. Sales were only 650 tonnes.34 words
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718 1976-11-29 8 COMMODITIES ruled from steady to firm in quiet and routine trading at the Singapore produce market last week. Foreign acceptances were minimal and mainly for nearby shipments. Singapore dealers continued to be hampered by the lack of stocks. During the week they had to718 words
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Article322 1976-11-29 8 LONDON, Sun. On Friday afternoon, dealers reported very little business in physicals with values little changed from the morning. Traders said Indonesia will benefit on Jan 1 when tendering against the terminal following the EEC's cut In the green coffee lmSort levy, while in Araleas, New Guinea will also322 words
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Article172 1976-11-29 8 CHICAGO, Sun. Soybean futures closed with losses of 81/2 to 2-1/4 cents a bushel on Friday. Trading was light In the post-holiday session. Early speculative selling followed weakness In wheat futures but professional buying helped turn prices upward for small gains. The market displayed a lack of followthrough and172 words
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MONEY AND EXCHANGES
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Article168 1976-11-29 8 FOLLOWING the announcement of reductions in the US prime rate and cut In the US discount rate to 51/4 percent from 5-1/2 per cent and a easy money market, interest rates triggered off some selling In US dollars In the European foreign exchange centres. The US unit, however opened168 words
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Article281 1976-11-29 8 Asian rates RATES fell sharply on Monday after the announcement of 1/4 per cent cut In the Federal discount rate to 5 1/4 per cent over the weekend; the day to day FED funds dropped 1/8 to 4 7/8 3/4 and the 3 and 6 months shed about 3/16. The281 words
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Article225 1976-11-29 8 Source: International Discount Company LARGE surpluses brought forward from the previous week helped to keep Interest rates on an easier basis until midweek, with overnight funds plentifully available at levels down to 1 Ber cent. However, as buses used a substantial portion of these funds to purchase shortSource: International Discount Company - 225 words
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Article100 1976-11-29 8 LOW rates prevailed for the greater part of the week opening at 3 1/4 1/8, 3 3/4 11/16, and 3 7/8 13/16 Jor the 1, 2 and 3 months. Term rates picked up a little on Friday to close at 3 2 7/8, 3 1/8 3, 3 3/8100 words
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Article240 1976-11-29 8 LONDON, Sun. Sterling slipped In late trading on some light selling from New York to close at U551.6460/80 on Friday. 0.15 cents up on the overnight level, after trading at $1.6520 for much of the day, dealers said. They said some long position squaring In Europe was continued In240 words
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Article337 1976-11-29 8 IN ZURICH last week, the Canadian dollar's decline back to parity with the US dollar probably was the most remarkable event on the market. The set-back was due to the political developments In the Separatist Quebec province, which induced liquidations of Canadian dollar holdings and may slow'down the pace337 words
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Article46 1976-11-29 8 For the week ended Saturday, Nov 26 the range of call rates received from Short Deposits M Berhad was as follows: GENERAL FUNDS: 2K per cent to 5K per cent. Movements of funds totalled $379 million. BANK FUND: 2% to 6% per cent.46 words
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Article61 1976-11-29 8 Minimum lending rates (in ACBC .6% First Chicago 6V« Algemene Bank 6*1 Citibank 6V, Bangkok Bank .7'* HSBC .7 Bank of America 6*. Indosuez 6% Bank of China .7* Malayan Banking 6^ Bank of Tokyo 6*4 Mitsui Bank 6*« Bank Negara OCBC Indonesia 7U OUB 6V 4 Chartered Bank 661 words
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Article239 1976-11-29 8 NEW YORK, Sun. The Canadian dollar closed at an 11-month low here after a record one-day trading fall on Friday as heavy selling In Canada spread to the US after Thursday's Thanksgiving holiday here, dealers said. Canadian market turnover rose to a record US$63O million, far above the239 words
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Article103 1976-11-29 8 Euro rates LONDON, Sun. Eurodollar deposits closed little changed from opening levels, though a few positions closed slightly softer after steady morning levels on Friday. Modest morning trading, when most business was noted in three and six months mainly on rollover account, gave way to quiet conditions as operators completed103 words
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Article32 1976-11-29 8 FRANKFURT exchanges closing quotes on Nov. 26 US 2.4055/65 Can 2.4020/40 Neth 95.91/98 UK 3.970/977 Swltz 98.40/49 Italy 2.778/784 France 48.09/17 Japan 0.8130/60 Belg com 6.541/550 Belg fin 6.525/535 Norw 45.95/46.0032 words
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Advertisement168 1976-11-29 8 Keep in touch with business developments in Singapore wherever you are in the world Subscribe now to Business Times w, 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 (excluding168 words
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Article, Illustration1488 1976-11-29 9 HUGH McILVANNEY - SCOTTISH WORLD CUP HOPES ALIVE HUGH McILVANNEY on SooCtamft qu—t for taHor-mado World Cup iiwIWWIi HUGH McILVANNEY The Observer LONDON, Bunday ALMOST inevitably, It vu Jock Stein who offered the right analogy. "When you're playing these qualifying matches In the world Cup," heThe Observer; BIS pic. - 1,488 words
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Article, Illustration1264 1976-11-29 9 PETER CORRIGAN - Rising from the Roman ruins PETER CORRIQAN on the challenge toeing English soccer after Revie's Italian lesson PETER CORRIGAN The Observer LONDON, Sun. As If Rome hasn't enough ruins of its own the crumbling pillars of English International soccer were added to the sights last week and at once theThe Observer - 1,264 words
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Article464 1976-11-29 9 SOCCER LONDON, Sunday Liverpool had to come from behind to defeat Bristol City 2-1 and maintain their three-point lead at the top of the English First division soccer table. Tom Ritchie silenced the home fans after 25 minutes when he lobbed the ball over the head464 words
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Article361 1976-11-29 9 AMERICAN FOOTBALL THE CHlen cawed t mild stir la the local American football scene when they scored an upset 12-0 (two touchdowns) victory over leaders, the Steelers ia their match at Ulu Pandaa last weekend, reports Jim Geiaer. The Oilers, who are languishing at the361 words
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Article226 1976-11-29 9 GOLF TOKYO, Sun. Coasting to his fourth victory In Japan this year, Australia s Graham Marsh coasted to an easy six-stroke win today with a closing even par 72 which tied the Dunlop Phoenix tournament record of 16 under par. Miller Barber, the veteran American campaigner,226 words
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Page 9 Advertisements
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Advertisement166 1976-11-29 9 ■w/ 1X... p5 *iai /;«V, N The goK clubs designed precisely to ensure in your gome more consistently. With LYNX the club that gives you a larger 'sweet-spot' you can attack the ball fearlessly and yet have the great feeling of a well-struck shot. Scientifically built with 'heel-n-toe' balance for166 words
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Article196 1976-11-29 10 A SMALL trade mission from Singapore has returned from a monthlong business visit to the EEC countries with $11.8 million worth of business deals. Lamlpak, one of the companies represented, concluded about 18.5 million worth of contracts In West Germany, the Netherlands, Denmark and Sweden.196 words
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Article215 1976-11-29 10 Reuter AP BANGKOK, Sun. Authorities have arrested a second Thai employee of the Soviet embassy in Bangkok for being "detrimental to society," a police spokesman confirmed today. Mr. Manas Puanglamijiak, an employee of the embassy's information section, was arrested on Friday. Police said communist publications wereReuter; AP - 215 words
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Article38 1976-11-29 10 UPI TOKYO, Sun. The Tokyo Chamber of Commerce and Industry has named its president, Shigeo Nagano, to a fourth consecutive twoyear term. Nagano has been president of the Chamber since September, 1969. UPI.UPI - 38 words
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Article167 1976-11-29 10 Hume is in-a-row winner HUME Industries (FE). as expected, has won the 1976 annual report* award (ARA). Hume has now won the award throe times in a row, i.e. since the scheme began.The company, according to Mr. Song Chwee Him, chairman of the ARA committee and president of the Singapore167 words
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Article60 1976-11-29 10 UPI WASHINGTON, Sun. More than 14 million persons from other countries visited the United States during the first nine months of this Bicentennial year, a 12 per cent increase over the figure for 1975, the Commerce Department reported yesterday. Canadian visitors numbered nearly 9.1 million,UPI - 60 words
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661 1976-11-29 10 Soutex a crowning success for SPTI THE factory has an air of festivity about it. Little, multi-coloured flags flutter in the wind and a band marches to and fro in the factory-compound playing stirring march-tunes. "Turnover," says Mr. S.C. Tay, general manager of South Pacific Textile Industries (SPTI) watching the661 words
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567 1976-11-29 10 TROUBLE IF INDEX IS DOWN THIRD TIME Reuter WASHINGTON, Bun. Disappointing economic statistics are expected this week from the US Government bringing Presidentelect Jimmy Carter one step closer to recommending tax cuts or other action to stimulate the American economy. The Commerce Department will releaseReuter - 567 words
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458 1976-11-29 10 Reuter THE HAGUE, Sun. As rich and poor nations play poker over the fate of the North-South economic conference, Common Market leaders will try to work out where they stand at their third 1976 summit here tomorrow. Developing countries and oil producing states areReuter - 458 words
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271 1976-11-29 10 KUALA LUMPUR, Sun. Petronas has proposed the establishment of an eightmember co-ordinating com-. mlttee with Shell to review and monitor the progress of the company's operations. This was disclosed by Shell's general affairs director Mr. Tony Tulip in an interview with Berlta Shell, a company271 words
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Article160 1976-11-29 10 Reuter KUALA LUMPUR, Sun. Ministers of the Association of Natural Rubber Producing Countries (ANRPC) who meet in Jakarta tomorrow are expected to endorse an International natural rubber agreement to stabilise rubber prices, Primary Industries Minister Datuk Musa Hltam said here today. Datuk Musa, beforeReuter - 160 words
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151 1976-11-29 10 Reuter JAKARTA, Sun. The owners of the Japanese tanker Sbowa Mara have agreed to pay U851.2 million (552.9 million) for the cleaning of Indonesian waters polluted by oil leaks after the tanker went aground in January last year, Antara news agency reported today. ItReuter - 151 words
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150 1976-11-29 10 A SOLUTION to the rising costs of hospitalisation must be found by treating more patients outside hospitals, Prime Minister Lee Kuan Yew yesterday said at the opening of Thong Chal Medical Institution Building in Chin Swee Road. The Government, he said, values the150 words
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220 1976-11-29 10 SINGAPORE recorded a 7.3 per cent jump in visitors in 1975, making her the top tourist destinstiou for the whole of Asia. The sum her of visitors came to 1,324,312. This was revealed in the Singapore Tourist Promotion Board (STPB) annual report for220 words
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Article107 1976-11-29 10 A COURSE on "Work Measurement and Incentives" will be organised by the National Productivity Board and led by Mr. Douglas Chua, head of Industrial engineering unit, and Messrs. Bernard Poon and Danny Lam, both industrial engineers with the NPB. An In-centre phase will be held from107 words
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Article548 1976-11-29 10 ARRIVALS Operator Service Number Local Time From CPA JAL SIA CX003 JL712 SQ211 0145 1000 1010 HKO HLP HLP OIA CPA THAI GA980 CX710 TG423 1030 1030 1035 HLP HLP BKK OIA PAL SAS KLM GA908 PR501 SK097 KL811 1100 1115 1140 1145 MES MNL CPH/NDH/BKK AMS/ABD/548 words
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289 1976-11-29 10 Reuter LONDON, Sun. A Dutch university report said companies exploring for oil in the North Sea are deliberately understating reserves, reducing UK Income by billions of dollars. Mr. Peter Odell, director of the Economic Geography Institute at Erasmus University, Rotterdam, and Mr. KennethReuter - 289 words
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Article70 1976-11-29 10 Reuter SEOUL, Sun. The South Korean Government approved two American loans totalling U*****.3 (*****.44) million to help finance construction of two 300,000 kws generators.. The foreign capital screening committee of the Economic Planning Board said it allowed the state-run Korea Electric Company to raise the loansReuter - 70 words
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Advertisement83 1976-11-29 10 NEW (1976) EDITION OF DBS DAIWA'S MANUAL IS AVAILABLE NOW FOR YOUR INVESTMENT IN THE SINGAPORE MALAYSIA STOCK MARKETS THE MANUAL PRESENTS LATEST AVAILABLE DATA ANALYSIS OF 170 LEADING STOCKS DBS-DAIWA SECURITIES INTERNATIONAL LIMITED POOIUM 517, OK MJIUMMC, SHINTO* WAY, SI MA PORK 1. TfLIX: RS 2112A/RS ***** AMS. SACK:83 words
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Advertisement16 1976-11-29 10 m/IGHT HOllDfiVf The Executive's Travel Agent Suite *'02.Cathay Building Mount Sophia WPV Singapore 9 Telephone *****2.16 words
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Advertisement205 1976-11-29 10 r> h v >» •1 l i j j* r V 5 5 j «s J savours of Olde England Lunch or dine in a grill room that savours of Olde England with food just as savoury. An ideal place to combine business with pleasure cosy and private. English-manner service205 words
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