The Business Times, 21 June 1980

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 119/1/89 SATURDAY, JUNE 21,1«89 50 CENTS
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  • BRIEFLY...
    • 58 1 DESPITE the slowdown in external demand, growth prospects for the Singapore economy remain satisfactory. According to the Monetary Authority of Singapore Quarterly bulletin, economic growth in industrial countries is expected to slow down in the second half of this year. However, the favourable performance of the Singapore manufacturing
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    • 71 1 AP NEW YORK, Fri. Citibank lowered its prime lending rate a half-percentage point to 12 per cent today, a week after several other major US banks had cut their base rate to the 12 per cent level. The move by Citibank, the second-largest US commercial bank,
      AP  -  71 words
    • 69 1 AFP JAKARTA, Fri. The Indonesian Ministry of Trade has blacklisted a Hongkong trading company and its branch in Singapore for welching on a fertiliser supply contract. Fertexim of Hongkong and its branch in Singapore had been put on the black list since last June 12 for selling
      AFP  -  69 words
    • 73 1 UPI JAKARTA, Fri. More than 5,000 timber workers in East Kalimantan, one of Indonesia's main timber-producing provinces, could lose their jobs if the government enforces its new log export quota, officials said. Indonesia decided last month to limit the volume of its log exports to boost its
      UPI  -  73 words
    • 66 1 AFP JAKARTA, Fri. The present joint air force exercise between Singapore and Indonesia in East Java is expected to remove any psychological barriers which may exist between the two countries, Indonesian air force chief of staff, Air Marshal Ashadi Tjahjadi, said. The exercise would give Singapore air
      AFP  -  66 words
    • 62 1 UPI TOKYO, Fri. A Japanese company has reported the development of what it said is the world's first liquid hydrogen-powered car. Iwatani and Company, a liquid hydrogen producer, said the vehicle recorded 135kms an hour on a recent test run. Mounted with a 1,100 cc engine, the vehicle
      UPI  -  62 words
    • 56 1 AP NEW YORK, Fri. The stock market declined broadly this morning in a carryover of the selling that sent prices tumbling yesterday. The Dow Jones average of 30 industrials dropped 2.81 points to 868.09 in the first hour. Losers outnumbered gainers by nearly a 3 to 1 margin
      AP  -  56 words
  • 142 1 Rises PMC 865 75 Tronoh Mine* 1640 60 C Sugars 690 60 Ayer Hitam Tin 1550 40 NSOP 270 34 Paper Products 330 31 M Banking 1130 30 M U I 1080 30 Berjuntai 1020 30 Straits Trading 1360 20 Keck Seng 464 20 Falls Sthn Kinta
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  • Article, Illustration
    140 1 Rises Tronoh 1690 100 PMC 880 75 K Kampar 790 50 A Hitam Tin 1580 50 M U Ind 1100 40 Paper Product 336 36 C Sugars 710 35 N SO P 279 26 M Brew 565 25 Falls S Mai Tin 2650 -50 Malayan Tin 3960 -50
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  • 772 1 THE Ntllittl Wages Couadl luu sprung few surprises this year. As expected, the high-wage policy coutimes unabated with the average wage cost sf emplsyers rlsiag by 19 rceat cam pared with last year's per eeat. Aid as predicted, productivity eaters the computntisas this year with a
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  • 757 1 EMPLOYERS were generally relieved that the National Wages Council's recommended wage increases for the next 12 months were smaller than expected. But they still foresee problems from the new recommendations, p a r t i c ularly the two-tier approach. The council estimated the
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  • 376 1  -  By RONNIE LIM OLIVETTI, one of the largest European manufacturers of data processors and office machines, has set up a $15 million electronic calculator plant in Singapore. This could be a first step in the company's ambitious plan to manufacture mini-computers and other sophisticated products here. Sources said
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  • 272 1 PROPERTY developer Singapore Land will sell MarlM Hnm to Miltyu Credit for million la cask. The buyer has paid 19 per eeat d the price aad the sale Is scheduled to be completed on Dee SI. la a notice to the Sagapare stack
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  • 345 1  -  By CHOO AI LENG A CREDIT card exclusive to the Asean region will be introduced early next year by Indonesian businessman Paul Tanudibroto, whose company Aseancard Singapore was incorporated in March. Mr Tanudibroto has been operating a domestic credit card company called DMDC in
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  • 71 1 THE REFERENCE to a bonus issue in yesterday's article on Negri Sembilan Oil Palms (NSOP) was in respect of the the financial year ended Dec 31, 1979. The free script offer was proposed last July following a revaluation of the company's three plantations in Perak, Pahang and
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  • Page 1 Advertisements
    • 24 1 A helping hand when you need it most Wayfoong Mortgage And Financc (S) Ltd. I Ground floor. Shaw House. Singapore 0923 Tel: *****77 5
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    • 142 1 Meadows iw Leader in Freight Forwarding Worldwide The Meadows Group. An international network of companies, closely connected to provide you with the most modern, swift and efficient capability in land, sea and air transport. We based our expertise on the sure combination of.EXPERIENCE: With 40 years of accumulated understanding and
      142 words
    • 55 1 "\[<=,?>]/%\[-?;,"$'~@%>>?`!%]~ FURNITURE makers seek help to promote ftfc— A NEW CALCUTTA Is taking 5kape................................—••••• 5 THE heart-breaking cholesterol Issue 1 LEISURE TIMES PAN-ELECTRIC poised lir expansion 11 SURPRISE bid by Hongkong Land 12 HARCROS may sffer rights Issne 12 AIRCRAFT i, TV AND RADIO I, CROSSWORD S WHERE TO WINE
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    • 237 1 "|_},=>%:!}"%*,?<@:;";[~`|<'=?/ Leader... Page C A SMALL COMPANY PABX WITH BIG COMPANY FEATURES If your organization isn't quite ready tor a larger Ericsson PABX, or it you're a big organization with small branches that need telephone systems of their own, ASBIOO is the system to look at. ASB 100 provides standards
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  • TRADE AND INDUSTRY
    • 416 2  -  By WANG LOOK KEAH LOCAL furniture manufacturers have called on the Government to play a more active role in export promotion by compiling information about overseas markets and to be more liberal in granting financial assistance. The Government can help furniture manufacturers penetrate
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    • 330 2 A JOINT standing committee of Asean government and private sector officials would provide the impetus to getting industrial complementation projects off the ground. Chairman of the AseanChamber of Commerce and Industry (Asean-CCI) working group on industrial complementation (WGIC), Tunku Abdul Aziz, who suggested this at its eighth plenary
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    • 257 2 GRANT Advertising has announced the appointment of Mr Chew Chin Vn as creative director from July L Grant Advertising is one of the companies in the Grant Kenyon and Eckhardt Group. Mr Chew is currently associate creative director at Leo Burnett and has some 10 years experience
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    • 495 2  -  By CHOO AI LENG THE cost of living has risen considerably for Singaporeans since the start of 1900. Inflation in the first five months as measured by the Consumer Price Index Is 9.7 per cent higher than last year's. Compared with the 2.4 per cent increase
      495 words
    • 272 2 HONG Chuan Enterprise, a major local assembler and exporter of quality clocks, has commissioned the National Productivity Board (NPB) to undertake three more projects to help the company in its expansion plans. These projects involve corporate planning, a new plant layout in line with the company's
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    • 169 2 THE Singapore Institute of Management (SIM} will conduct six courses next month. The first, on inventory control and stores organisation will start on June 30. The three-day course will be conducted by Mr Yash Bhasin and the fee is 5325 for members and $365
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    • 112 2 SISIR is organising a oneday seminar, in cooperation with the Factory Inspectorate of the Ministry of Labour, on "Maintenance, Inspection and Applications of Wire Ropes" on June 24 at Equatorial Hotel. The seminar will be opened by Dr Lee Kum Tatt, Sisir chairman.
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    • 193 2 THE world newsprint supply situation should improve by the end of the year, according to Mr Richard Tozer, export manager of Tasman Pulp and Paper Company, New Zealand's newsprint producer. "The newsprint market is a fast growing one but, like the world economy, it has its peaks and
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    • 640 2 THE 1980s will see tremendous changes in both supply areas and markets for plywood and veneer to the benefit of timber processors in countries with abundant forest resources. This is the assessment made by Mr Bobby Lean, director of Malayan Veneer and general manager of
      640 words
    • 421 2 SEMINARS AND COURSES June 23: Sales Awareness for Service Engineers, Hilton Hotel, Consulasia June 24: Maintenance, Inspection A Applications of Wire Ropes, Hotel Equatorial, Sisir June 24-25: Computer Appreciation, Shangri-La Hotel, Price Waterhouse June 23-25: Effective Speaking for Executive Secretaries, Sim Conference Room, SIM June 25-26: Sales Training
      421 words
  • Page 2 Advertisements
    • 427 2 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Oil Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage
      427 words

  • REGIONAL
    • 331 3 AP ABOUT 80 lawyers were arrested by club-swinging police during the biggest antigovernment demonstration in Pakistan since the April 1979 hanging of deposed Prime Minister Zulfikar Ali Bhutto. Shouting "Down with martial law" and "Government by force cannot prevail", hundreds of persons defied a ban
      AP  -  331 words
    • 302 3 UPI JAPANESE car makers, under fire from US senators for causing problems to the American car industry, yesterday said the problems will not go away even if restrictions on Japanese car exports to the US are imposed. Eight senators from carproducing states
      UPI  -  302 words
    • 254 3 Reuter THE subversion trial of 20 people, including a 64-year-old grandmother, started in Manila yesterday with the defence challenging the legitimacy of the government and the prosecution refusing to name a foreign power alleged to be involved. The tribunal, held in a military hall,
      Reuter  -  254 words
    • 171 3 AFP LAOS yesterday called on Thailand to reopen newly closed parts of their joint border amid reports that it is starting to feel a fuel pinch. The Laotian News Agency monitored in Bangkok said Thailand must reopen the border "immediately" and must take full
      AFP  -  171 words
    • 82 3 AFP ONE of Japan's foremost semiconductor and computer makers, Fujitsu, has developed a "superspeed" semiconductor element which it believes to equal the working rapidity of tomorrow's dream electronic element known as the "Josephson junction element A company spokesman said the new product named a "high electron mobility transistor
      AFP  -  82 words
    • THE REGION IN BRIEF
      • 486 3 Agencies A SERIES of public opinion polls has forecast the ruling Liberal Democratic Party will be returned to power in Japan's general election on Sunday. Some estimate the LDP may make substantial gains over the 258 seats it held in the Lower House at last month's dissolution and
        Agencies  -  486 words
    • 565 3 AP THE DEATH of Japanese Prime Minister Masayoshi Ohira earlier this month forced Foreign Ministry officials to shelve plans to double their foreign aid programme over the next five years, a proposal they had hoped to announce at the Venice summit tomorrow. Foreign
      AP  -  565 words
    • 413 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (0630 shifts) 13/14 Bunga Seta war (after Dove) 15 Charlotte Maersk (after Sea Express) 33/34 Grand Wing (after Nedlloyd Nagasaki, must vacate 1100/ 22nd) 3/4 John Bakke (0600) 6/7 Raising (after Futami Mam) 38/39 Kim Soon Li (after Xiang Shan)
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  • Page 3 Advertisements
    • 475 3 Illustrated is the gold coin. The most important coin release ofl9Bo. The rarest legal tender ever minted by the People's Republic of China. Precious Gold, Silver and Proof coins offered at world issue prices for 7 days commencing Monday 23rd June 1980. This is a rare and exciting moment for
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  • RAW MATERIALS
    • 272 4 A REACTION to the recent steadier trend was noted this week, and according to the review of the Singapore ami Malaysian rubber markets by H«tti*y, Caller iad Balk, the market after running up to 302.50 cents per kilo at the outset, dropped back rather
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    • 173 4 Reuter US Senator Robert Dole said he would introduce legislation to repeal President Carter's restrictions on grain sales to the Soviet Union, imposed following the Soviet intervention in Afghanistan. "The grain embargo against the Soviet Union is falling apart and should be ended before
      Reuter  -  173 words
    • 174 4 CHINESE Priiiee Exchange, Singapore, nssn closing prices per 1M kg yesterday: Cecaant «II: Bulk fob 132.00 sellers, old drum (in second hand drum) fob $142.00 sellers, new drum fob $148.00 sellers. Capra: Mixed (loose) $76.00 buyers. Pepper: Muntok white pepper fob Asta NLW $460.00 sellers, Sarawak white pepper
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    • 271 4 IN Singapore, the market closed slightly lower with July One RSS buyers quoted at 286.50 cents per kilo, down one cent from Thursday's close, dealers said. Losses of one cent was recorded during the morning session after the market had fluctuated on stale bull releases alternated with weekend covering
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    • 304 4 R.A.S. prices In cents per kilo yesterday. Noon (per Idlo) Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 284.50 285.50N Int. 1 R.S.S. July 285 50 286.50 Int. 1 R.S.S. August 287.50 288.50 Int. 2 R.S.S. 277.50 278.50N UK/Coot 276.50 277 50N Int. 3 R.S.S. 274.50 275.50N UK/Coot 273.50
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    • 111 4 NOON SSR u id SMR s I RA8 SSR 20 SSR SO (1-tOr (1-tOf i pallet) I pallat) Jaty (Carreat Mtk) Bayer* Seller* 286.SO 267 SON 262.50 264.S0N Aa|ut (Forward Mtk) Bariri Seller* 266 50 268. SON 263.50 266.50N MBKLB Jmly Ai(ut SMRCV SMRL SMR 5 SMRGP
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    • 93 4 THE Straits tin price la Peaaag yesterday reee another Ms 7 to stand at the lateraattoaal Tin Agreement ceiling price sf $2,145, dealers said. Despite weaker ever* seas advices, sentiment was generally aided by lswer supplies sf tin ere by miners and light Mattered baying frsm all ssarees,
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    • 39 4 Robber; June 20 Singapore: July: 286.50 cent* (down 1.00 cent) Malaysia: July: 290.00 cents (down 0.50 cent) Tin: M 52,145 (up $7) (equivalent to $35.47 per kilo) (up 12 cents) Official offering: 113 tonnes (down 18Vi tonnes)
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    • 119 4 THE Chicago Board of Trade wheat futures closed unchanged in the near July to down US2 V* cents a bushel in the deferred on Thursday. Prices ended on the bottom of a six cent range in improved trade. Local selling in a spillover from the rapid decline in soybean
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Crttaa yam: China Blue Phoenix 20b 2,196; 32s 2,585, 40b 2,830 (per bale of 400 lbs). Pta* cm*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 209 4 THE Chicago Board of Trade soybean futures closed US4 to 1 V« cents a bushel lower in active trade on Thursday. Prices settled on the bottom of a 9 Vi cent range. Local pressure on driedup purchasing and lack of new supportive fundamentals edged values lower. Aggressive selling penetrated
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    • 329 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.90, 100 per cent second class 0.88, 100 per cent third class 0.88, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special oo stock.
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    • 841 4 COmtu: Robusta futures closed yesterday morning around the session's lows but still with gains of £10 to £15 per tonne compared with opening gains of around £21. Turnover was 2,231 lots including one option and around 500 lots of cross trades. Dealers said trading turned mixed after the
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    • 86 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from June 20 until further notice: Batter: 289 W cents a kg; Cap»: 1770.00 a tonne; Palm kernel: $965.75 a tonne; White pepper: $4,097.50 a tonne; Biaek pepper: $2,740.83 a tonne; The rates of duty payable
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    • 136 4 IN Kuala Lumpur, values rose slightly yesterday in reaction to Thursday's Indian purchases, dealers said. Moderate activity was concentrated in the southern and central regions with June and July gaining M 52.50 to $837.50 per tonne. August was also traded at $837.50 in the south. "Hie refined market
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  • ASIAN STOCKS
    • 501 4 TOKYO Reuter SHARE prices closed higher yesterday on fresh buying in recently neglected energyrelated issues towards the close, dealers said. The market average rose 21.97 to close at 6,813.85, with volume 230 million shares. The Tokyo Stock Exchange index closed at 470.01, up 2.13. Oils
      Reuter  -  501 words
    • 369 4 Source: SHK See NEWS of a tender offer by Hongkong Land to raise its stake in Hongkong Wharf to 49 per cent via an issue of shares and HK$2.5 billion worth of loan stock came so close to the opening that trading was initially subdued as brokers attempted to
      Source: SHK See  -  369 words
    • 318 4 STOCK prices rose sharply yesterday led by energy issues, dealers said. Most major oil shale stocks finished at record highs with heavy overseas buying pushing Greenvale A7O cents higher to $2.10 while Central Pacific added U tp 165, Southern Pacific $1.50 to $24.50 and Esperance 55 cents to 13.10.
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    • 271 4 STOCK prices moved lower yesterday with trading volume almost unchanged from the previous session, dealers said. First Trust fell three baht to 72, Mah Boon Krong Drying and Silo one to 194, Jalaprathan Cement and Siam Cement two each to 114 and 258. Rama Tower also dropped one baht
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    • 145 4 STOCK prices closed easier yesterday and turnover rose to 5.8 million pesos from Thursday's 3.04 million, dealers said. Aeoje Mining, Atlas Con B, Baguio Gold, Benguet Con B and Marsteel gained while others were un traded or unchanged. JUNE 20 Pesos Acoje Mining 0064 -0 0002 Alias Con A
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    • 117 4 Reuter SILVER Valley Minerals of Australia said it and Marubeni Corp of Japan had reached agreement with Peko Wallsend Ltd for a study of the Wallamaine coal deposits south of Newcastle, New South Wales. Subject to the results of the study, the agreement provides for
      Reuter  -  117 words
    • 51 4 FINANCIAL TIMES INDUSTRIALS Thursday 485.4 Wednesday 473.1 Week Ago 448.5 DOW JONES AVERAGE INDUSTRIALS Thursday 870.90 Wednesday 881.91 Week Ago ***** H.K.HANG SENG Friday 987.98 Thursday 987.94 Week Ago 989.18 SYDNEY INDUSTRIALS Friday una* Thursday 888.84 Week Ago 889.91 ALL ORDINARIE8 Friday una v Thursday 871.88 Week Ago—
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  • Page 4 Advertisements
    • 313 4 (OP*. It* wf sr VlLri? m t > J /.f H alfl a BO 0 5 ►Vaji^Ss^ 8 v THE HAMLYN BOOK OF CROCHET Crochet is one of the crafts which is becoming increasingly popular and this book sets out to introduce the reader to all the basic techniques from
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  • OVERSEAS
    • 538 5 Reuter THE economic recession in America will be more severe than forecast and is expected to last till the end of this year. The recovery is expected to begin early next year, with positive growth coming in the last three quarters of 1981,
      Reuter  -  538 words
    • 290 5 AFP. Reuter THE RESHUFFLE of the Iranian Military Command announced on Thursday is seen by observers as a bid by President Abolhassan Bani-Sadr to bolster his authority. He has complained that his authority is endangered by "plots" of certain figures close to the
      AFP.; Reuter; AP photo  -  290 words
    • 788 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL FT FT75 0710 JFK/ORD/ANC TPE SLABA SQ/BA17 0715 LHR BAH SIA SQ101 0615 KUL MAS MH62L 0635 PEN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710
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    • 194 5 Reuter THE giant British Petroleum oil company has made an approach to take over a major mining finance group in Britain, the group, Selection Trust, said on Thursday. The partly governmentowned BP, along with other leading world oil companies, has been building up
      Reuter  -  194 words
    • 438 5 THE corporate struggle for London's prestigious Harrods department store ended on Thursday when Lonrho, which controls the largest bloc of shares in the House of Fraser, Harrods' owner, withdrew its bid to increase its directors on the group's board from two to six and
      438 words
    • 300 5 Reuter WEST German gross national product growth in the first half of this year was about 4 per cent but will decline in the second half, said Mr Otto Wolf von Amerongen, president of the German Trade and Industry Association, Diht. However, even zero growth
      Reuter  -  300 words
    • 534 5 Reuter NYT KING Hussein of Jordan has urged Washington to take a balanced stand on the ArabIsraeli dispute, insist on Israeli withdrawal from the occupied territories and support Palestinian self-deter-mination. He said the alternative is "the unjustified alienation of an essentially friendly people, the radicalisation
      Reuter; NYT  -  534 words
    • 95 5 Reuter BRITAIN'S interest rates would come down when combined borrowing by government and manufacturing industry falls below what it is now. But Prime Minister Margaret Thatcher acknowledged that the reported decline in company profitability posed serious difficulties for companies, but she said money had
      Reuter  -  95 words
    • WORLD IN BRIEF
      • 378 5 LIBYA, accusing Egypt of preparing to wage war against it, has summoned its Arab allies to an emergency meeting in Tripoli to consider the situation. The state-controlled Libyan news agency, Jana, reported that Libya's Foreign Minister Abdel Salam Traiki has telephoned the foreign ministers of Syria, Algeria and
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  • Page 5 Advertisements
    • 355 5 The LIFE] Library Of Photography rjsr I < f 4 n. <r a s v The Life Library Of Photography Each volume measures 10'/* 10 y U inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many in full colour. helps you
      355 words

  • 293 6 EMPLOYERS who had been readying themselves for a National Wages Council overall package this year of more than 20 per cent must be grinning in slight relief. But there must be many among them who will shake their heads in disbelief at the way the Council
    293 words
  • 187 6 WALLETS bulged with currency notes will soon distend with another credit card. There is a certain allure about these conveniently-shaped and often brightly-co-loured symbols of wealth. Who wants to carry grubby money around when he can proffer clean charge cards to pay for goods
    187 words
  • 1252 6  -  It was eight years ago that a start was made on the rebuilding of Calcutta, India's largest city. PC MAHANTI looks at the progress of this multimillion dollar bid to save a city which once seemed doomed. FRESH LEASE OF LIFE P C MAHANTI FT
    FT  -  1,252 words
  • 914 6  - As the Venice summit is about to begin By LEONARD SILK NYT THE POLITICAL atmosphere for the Venice economic summit conference, which begins this weekend, could scarcely be less suspicions. Chancellor Helmut Schmidt s( West Germany plans to rash from Venice to Msoeow for Us own snmmlt conference with the
    NYT  -  914 words
  • Page 6 Advertisements
    • 214 6 Sime Darby Berhad Sime Darby-Wimpey Technical Services Sdn. Bhd. This is a joint venture company between Sime Darby Berhad and George Wimpey Limited of the UK, one of the world's largest construction companies. The joint venture company will provide technical support and project management services in connection with major projects
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  • Page 6 Miscellaneous
    • 1380 6 '&IRWIOII Last of Cleo Laine TWO gaad rwiii m| to miss On Lilk Btap toalght Itto It the lad programme la the aeries aad these af yea wha have sat heard her yet shaald make a patat to 4a m the Is really a Oae stager. The ather gaad reaaaa
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  • 2176 7 Many people have heeded the experts' advice that cholesterol is bad eating too much can increase the risk of heart disease. But the American National Academy of Sciences says the cholesterol scare has no good reason to back it. This is good news for manufacturers of
    Source: WHO World  -  2,176 words
  • 893 7  -  Until recently, one of the main attractions of channelling funds through Liechtenstein has been the virtual absence of official scrutiny or regulation. After years of pressure by suspicious foreign monetary and tax authorities, a revised law tightening official controls over the country's thousands of financial trusts and
    Reuter  -  893 words
  • 910 7  -  FORUM, with SALMA KHALIK THE MOSCOW Olympics sees the dawn of a new age in Sports. Some may say that Sports is above Politics, but it appears now that Commerce tops them all. Of the 78 teams participating in this year's highly controversial
    910 words
  • Page 7 Advertisements
    • 262 7 The triurnphant *new bestseller from the author of The Far Pavilions t moon &y 4 ,1, This magnificent novel tells the story of the Indian Mutiny, one of the most dramatic events in the history of India and the British Empire. It is also the story of Alex Randall, far-seeing
      262 words
  • Page 7 Miscellaneous
    • 37 7 BriStoW-'FtankDickeng M NiO£ DRV,^ L£3 Vm Jo ST 1 fue u*vy e*TeNS\o4 SHpPe... V •HPTT'S Tmc British ux^CkrtviFMsi, rnc myixs SM OF "THC eFM3TM Vlou) CAN UjOGK i UP THe-fce u>rrg Pu_ \thp»t noise. is vjbcnond rat
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 91 8 Jt'NK 19 Vrs FORWARD MARKET ttJh -5 Arh**«1 1835 -50 Mw 450 •15 Braarjii >*Yt) Bru-I.imb 1430 unch CMpM mm -20 (or* 248 -2 l>f b»-»-rs 267 Kbr> 1885 ElrrtnM 6010 10 C*t>-Inno-Bin £.*95 15 t** V 1280 •18 HaMi 2660 -20 IVtm 5220 Rjrfl Unh h 2470 15
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      • 322 8 IUKK 19 Krs CORBEILLE Mr-UfMi 535 -l B S N (icnjb 1IMMM 965 -14 I' s F (Thomv>nCal > 473 -10 l'i«* Kranraisc d«*s Pflrolw 246 20 -1 8 (niiipagnie Kinancifrv i'oinpagni** C»riM*ruU* 184 -1 Irrdit Fomwr i f mrv 434 -15 liui'twltr l I.ibrairie i M 15 M.i<
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      • 236 8 JUNK 19 Dm At»K-T«»l«»funk?n 75 80 < Ak/O Allz I-fbrn 940 OOxd All/ Vers ACS 00 -4 BASK 148 20 0 8 Bay H T Wbank 243 OOB Hi> Yh.mk 2W01I •pv 127 10 -02 Ml 304 00 unch BVHN ***** < ■Hfli 320 00 -3 ClM Vfll 290
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      • 230 8 .1L N t 19 Kl* AHN 295 50 -05 M HI) -0 7 A»u» 24 10 -02 AMKV 87 40 0.4 Amfa> 105 00 2 \ri»r«>t Hank ♦>5 70 ♦0 1 ■rvpM 41 bO unrh iwk 9200 -1 M 59 50 unrh linTNUIIllj 196 00 -0 5 liurhniann 65
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      • 194 8 JUNK 19 Irani-* Anions Sulun 279 1 Alusui.vsr Br 1175 5 AIumjimt Rck 447 1 Hm* n Bovrri Br 1640 ♦15 Oba Ciriiy Br 1070 30 Cllu Origy P C tas 5 liba Origy Reg MI unrh r>-<lil Suisse Br 2195 unrh Crrdit Suisse Hrft 395 unch f MtranU
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      • 108 8 JUNK 19 Lirr Ann 7 75 1 25 Anmm Qn -1050 b.istnttl 635 17 IVntralr ***** -190 Mat 174V huiMdrr 67 75 0 75 Qn Iinriiob 70 25 4 25 iv i pn amo -20 halMHMI imm -250 it.tig. i> 825 45 llalM(1«*r 32:4 1 Magnet 1 M Pf
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      • 201 8 Ahitibi IP Mrw 31 .1 At coin, i 31 unch Hank Mont 27 unch Hank N<»va s« «»(ia 31 M TYI 30 IVth Carp HI' I'an Lid 44 unch Hraxan 27 l amp R#h1 Kike 51 1 i Can Imp Hk 36 fjnpuu 40 i'anpuc lnt Pi Curling OKrrlr
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      • 321 8 JUNE 19 Rand INDUSTRIALS A Alpha 325 unch Ahrrc<»m 290 unch At And 1*1 7«0 unch A MR* 235(1 25 Barlow* 975 unch t'K Sugar 10*> -5 ISA 450b 5 t*urr»«» Finance IMS -2 I** hid Kdron 520 *10 Mpvs bfiOOB unch EWfnii Ked Voik 430 20 KU0I 195
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  • Page 8 Advertisements
    • 719 8 See Page 4 for Tokyo stocks and Page 9 for NYSE prices Where to wine, dine and entertain JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3p.m. 6.30 p.m. 10.30 p.m. For reservations call *****77 jiM «»iitury hu-k Hlmtiiloii 5i1144:1 SHERATON HOTELS AND
      719 words
    • 203 8 The American Express Card serves you well wherever great food is served Welcome To apply for the American Express Card, call 2358 133. 5 106? V.*v A• EXCITEMENT EVERYWHERE! it's a place to dazzle to excite, to move you The rhythms pulsate the lights gyrate, the scents scintillate Dance to
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  • BANKING AND FINANCE
    • 39 9 WHEN IN CHINA THE FIRST advertisement pat up by a foreign bank at the Gnangzhon Railway Station in China Societe Generate earlier this year set up a representative office in Hongkong to take charge of its business in China.
      39 words
    • 699 9 Reuter SOUTH African gold producers recently studied intensively the possibility of selling output in futures markets and may start selective sales by early next year, bullion dealers and analyst sources in London said. An industry representation visited international bullion markets several months ago
      Reuter  -  699 words
    • 429 9 LOANS BONDS Agencies THE WORLD Bank has approved a US$253 million loan for a power project in Indonesia. The loan is the largest the bank has made to Indonesia. It will help finance the project which includes a coal-fired 400-megawatt generating set at Suralaya and transmission lines in Java. The
      Agencies  -  429 words
    • 145 9 OVERSEAS Union Bank intends to install 15 automated teller machines (ATMs) in the branches by the end of next year. In addition, there will be point of sale ATMs in supermarkets and department stores. This was disclosed by the bank's executive director, Mr
      145 words
    • 487 9 THE U.S. dollar remained relatively easy against major currencies in yesterday's foreign exchange market. From an opening of 216.50/70 against the yen, the US unit finned to 217.20/ 30 as dealers squared their positions ahead of the Japanese election. Subsequent trading saw some of the earlier gains pared
      487 words
    • 139 9 THE U.S. dollar strengthened slightly in quiet trading on book-squaring ahead of the weekend summit meeting in Venice, dealers said. The dollar rose to a late 217.10/20 yen from an opening 216.65/85 and 216.45/60 at the New York close on Thursday. The dollar firmed to a late 1.7710/20 marks
      139 words
    • 1335 9 NEW YORK Reuter LED BY oils, glamours and blue chips, Thursday's stock market suffered its worst setback in three weeks. Analysts said a pull back had been expected by Wall Street for days following the long spring rally that grew out of a sharp decline in
      Reuter  -  1,335 words
    • 185 9 AFP BANQUE Nationale de Paris is to issue US$4O million of floating rate certificates of deposits in the name of its Hongkong branch. The certificates, which are of three years' maturity, will bear interest at the rate of 3/16 per cent per annum
      AFP  -  185 words
    • 82 9 AFP A CHINESE bank owned by Hongkong interests, Ka Wah Bank, is going public with an offer of 35 million shares at HKJI.3O each. Announcing this, the bank said it expects the proceeds of the issue to be about HK$43 million and that most of
      AFP  -  82 words
    • 77 9 Reuter THE BANK of Korea yesterday marked down the won to its lowest point ever against the US dollar topping the 600 won to the dollar barrier fen* the first time. The bank fixed the midpoint at 600.60 to the dollar against 599.50 on Thursday, representing a
      Reuter  -  77 words
    • 186 9 ASIAN ASIAN currency deposit interbank rates as at close on June 20: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Dollars*Spot) Offer Bid 9V4 9'i 9V. 9 1 95/16 93/16 9 7/10 9 5/16 9 9/16 97/16 9 7/16 9 5/16 97/16 9&/16
      186 words
    • 46 9 RANGE of prices offered by discount bouses on June 20 Overnight: «H -615/16% Call deposits 6V. Osstaf Bayiif Selliaf 3-month Treasury bills 0 7 0V« 3 month Bank bills 913/10 011/10 3 months CD 95/10 93/10 0 months CD 9V« 9W Source: National Discount Co
      46 words
    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.7 per cent.
      22 words
    • 102 9 THE U.S. dollar for overnight delivery closed firmer at 217.35 yen, compared with a 216.60 opening and 216.40 on Thursday's close, dealers said. Trading was light with volume US$764 million. After an initial firmness, the dollar strengthened further in slow late trading on buying by banks to adjust positions,
      102 words
    • 270 9 IN Singapore, gold futures yesterday closed generally firmer in light trading, with its initial rise reflecting the metal's strength in New York overnight, dealers said. Total sales for the day was reported at 107 lots with interest mainly on August and October contracts. August closed higher at U*****.40/80 an
      270 words
    • 236 9 THE U.S. dollar traded quietly steady at the opening yesterday in the absence of any motivating factors and with no commercial orders reported, dealers said. Eurodollar deposit rates opened a shade firmer and are underpinning the dollar at its current levels, but early exchanges trading has been limited to
      236 words
    • 63 9 RESULTS of tender held on June 20 for 91/364-day Treasury bills are: Offered: $70,000,000/ $20,000,000 Applied far: $210,400,000/ $85,000,000 Allotted: $70,000,000/ $20,000,000 Accepted Mis: $96.31 approximately 29 per cent higher bids in full. For the 364-day bills, accepted bids I were $93.60 and higher bids in full.
      63 words
  • Page 9 Advertisements
    • 136 9 I I li 32 yi 0 0 Morgan Khoo, an obese Chinese tycoon addicted to ice-cream and youthful flesh, masterminds a daring scheme to make himself even more millions First capture the Prime Minister and replace him with a puppet. O0COIKI! kidnap ten international politicians attending a top-level conference including
      136 words

  • 1817 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Ami (3.188)XD
    1,817 words
  • 164 10 SINGAPORE onr TRU8T OUB-MONTAGl (Mmgen' prim tar in 8) (Maaagerr priue* tar Jan 21 A The Commerce 2.63 2.76xd B) 1.04 W The Savings Fund 1.73 181 Union Spore Fund l.om S pore Prog Fund 1.28 134 INCOME BOND UNIT S'pore Sec. Fund 2.13 2.J4 (Curat pi lees)
    164 words
  • 2869 10 Gr's Gr's Net 1980 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 245 Acma 320xd 15.0 2.8 4.6 12.6 223 220 Alcom 223 12.0 2.5 5.3 12.6 149 116 Allied Choc 126 3.0N 1.6
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  • 1997 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 4Ja«nti (3 16B) (1) 3.20 Afcaa <2 16B) (3) 2 19
    1,997 words
  • 660 10 A TORRENT of parchasr orders poshed share prices higher at the Singapore stock market yesterday. Bayers, after a breather •a Thursday, did sot give the bears aay chaace to exert themselves. Coasequently, gains were recorded across the board when the final bell soonded. Bullish
    660 words
  • 531 10 STRONG buying interest lifted the Kuala Lumpur stock market to a new peak yesterday. The key barometer, the New Straits Times industrial ordinary share index, rose 8.07 points to 649.06, surpassing the 641.90 record set on Wednesday. Trading was slightly cautious at the start but
    531 words
  • 71 10 Hachat Development Bhd: AGM to be held at Room 301, 3rd Floor, ALA Building, 2 Jalan Bukit Timbalan, Jo hore Bahru, at 9.30am today. Malayan Floor Mills Bhd: AGM to be held at The Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur, at 10.00am today. Hong Leoag
    71 words

  • COMPANY NEWS
    • 1149 11  -  By BIBIANA CHOO WITH the current rapid pace in new offshore oil exploration, the earnings of Pan-Electric are expected to rise substantially this financial year. Unlike many companies which have to grapple with rising oil costs, Pan-El is well placed to benefit from the upswing
      1,149 words
    • 504 11 HOTEL ROYAL is now a member of the KLM's Golden Tulip Hotels group, owned by KLM Royal Dutch Airlines. The new link was established soon after its franchise agreement with the Ramada Inn chain terminated last December. As a member of the Golden Tulip
      504 words
    • 132 11 BANDAR Raya Developments has raised its stake in Permas Jaya, a property-owning company with 1,392 acres of land in Johore, to 91.77 per cent or 25 million shares, following further acceptances of its offer. Bandar Raya has accepted an additional offer for 2.6 million shares of $1
      132 words
    • 575 11 wm by HOCK LOCK SIEW PAN-ELECTRIC shares, which in the past two months have rapidly scaled up close to their two-year high, could still have further upside potential, according to leading analysts. This assessment comes as no surprise. With Pan-El firmly astride the crest of the revitalised offshore
      by HOCK LOCK SIEW  -  575 words
    • 77 11 Company Date Last Full Year Period Announced Net EPS Gross Pre-tax Last year (cents) Div. Profit K G Hold F 21/5 25.8 15.0 <$t«) 2,922 J C Ent F 14/6 8.1 8.0 3,021 K L Kepong I 15/6 23.1 25.0 60,410 F N F 25/6 43.4 26.0 40,5%
      77 words
    • 195 11 SUGAR-BASED Perlis Plantations has reported a better interim performance buoyed by higher cane prices and the inclusion of results from two new subsidiaries, Mineral Securities Malaysia and Rahman Tin. Estimated group pre-tax profit for the first half-year ended March 31, 1980 rose by 27
      195 words
    • 115 11 PAN Malaysian Rubber Industries (PMRI) says the cessation of production by Bridgestone Singapore, in which it has a 50 per cent equity, will mean the loss of a source of dividend income for the company. It points out, in a brief reply to the KLSE, that
      115 words
    • 729 11 Current Payment Ex Date Books Close Date Total for Total for Payable the year Previous year Tan Chong FE Levingaton STP 1975 Times Pub Premium HIdgs Apollo Ambassador Spore Fodder Bousteadco Inchcape Loan Eu Yan Sang Guinness Rosy Elect Isl A Pen Utd Plant Chin Teck NSOP Petaling
      729 words
    • 418 11 LOSS-STRICKEN Bovis South-East Asia has finally staged a profit turnaround after incurring losses for the past six years. The group reported a pretax profit of 51-23 million last year against a massive loss of 513.64 million previously. The turnaround was achieved on the back of a
      418 words
    • LATEST RESULTS
      • 58 11 has reported group pre-tax profit for the year ended March 31, 1900 of MJ8.14 million as compared with $9.79 million the year before. The directors are recommending a final dividend of 20 per cent plus a special bonus dividend of 10 per cent (20 per cent plus
        58 words
    • 159 11 PACIFIC Development Credit dees net expect any ultimate Ims from the demelitien of the 1 (-8 to rev luxury apartment Mock in Penan* known as Northam Conrt. In reply to a KLSE query, PDC said that its subsidiary, Pacific Centre, has to date spent $9.1 million on
      159 words
  • Page 11 Advertisements
    • 333 11 How much do you see when you look at this etching? W 4f/M hCJ ti"" w* r I*. Wmwmrn lit JM. Srw IW» 1...... j.y r The Time Life Library Of Art £Vic/i 600/f measures 9 x 12 incites (23 x 31 cm). Hard cover, with IHH panes. More than
      333 words

  • 1307 12 TWO-TIER INCREASE THE NATIONAL Wages Council (NWC) yesterday recommended a two-tier wage increase guideline that rewards the aboveaverage worker and penalises the irresponsible and damaging job-hopper. For the employer, this is expected to raise his wage cost by 19 per cent. But this does not
    1,307 words
  • 838 12 LONDON, Fri. Equities closed higher but government bonds were little changed. At 3pm, the Financial Times index was up 6.5 at 471.9. Equities opened lower but the lack of any selling pressure coupled with the recovery of the government bond sector prompted rises stretching to up 6p in
    838 words
  • 265 12 IT IS unlikely that Singapore will be able to narrow the gap between incomes of business executives and wages of industrial workers unless the Republic becomes totally independent of foreign investment and imported technology. The observation was made yesterday by Dr Goh Keng
    265 words
  • 468 12 Reuter A SURPRISE bid for control of a major property concern in Hongkong yesterday set the stage for a potentially bitter struggle between Hongkong Chinese and British business interests. The British-run Hongkong Land Company, the colony's biggest property concern, announced that it plans to raise
    Reuter  -  468 words
  • 244 12 Reuter HARRISONS and Crosfield (Harcros), a UK-based plantation and industrial group, said it plans to raise about £50.1 million through a one-for-six rights issue at 620 pence per £1 share. About 8.3 million new shares will be issued and the new shares will not rank for
    Reuter  -  244 words
  • 131 12 MR TEO Chong Tee, Member of Parliament for Changi, will ask the Minister few Labour, Mr Ong Pang Boon, whether he will reconsider the use of Central Provident Fund (CPF) contributions to buy private residential flats and houses. At the Parliament sitting next Wednesday,
    131 words
  • 75 12 Malaysia Airline System is to acquire four new aircraft for delivery next year, Deputy Transport Minister Dr Goh Cheng Teik told the Dewan Rakyat. They are two F27, a Boeing 737 and an Airbus. The F27s would be used for domestic services while the other
    75 words
  • Page 12 Advertisements
    • 164 12 FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CURRENCY ADJUSTMENT FACTOR The monthly review of currency values in June has resulted in an upward adjustment of the currency adjustment factor from Malaysia and Singapore. The above
      164 words
    • 135 12 f S A •> S N *S CvS V <& y w N a SP J't" "V I 1 M I; m. CONTENTS Road Safety and You Road Accidents: Taking Cover Insurance: Look at the Fine Print Staying in Shape for Driving Bikes: Functional and Fun PARF: How It Works
      135 words
  • Page 12 Miscellaneous
    • 59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hoars prior to 7.31 p.m. on Jane 2$ at the airport Maximum temperature 33.2 Associated humidity 60 Minimum temperature 26.9 Associated humidity 93 Hours of sunshine 10.90 Rainfall in millimetres Nil Total rainfall for the
      59 words

  • LEISURE TIMES
    • 640 13  -  Malaysia's largely deserted east coast beaches are the ideal setting for the type of holiday promoted by the French group, Club Mediterranee. On top of the natural setting Club Med throws in a casual life-style that is accompanied by good food and
      640 words
    • 509 13 CU B Medlterranee runs a chain of more than 81 holiday villages around the world. Each village nestles In a relatively remote and nnspoilt corner and each is managed on the club's simple bnt extremely attractive philosophy of doing ail it can to allow
      509 words
    • 784 13  -  By RICHARD SEAH THERE is nothing new in music which incorporates both the classical and 'pop' idioms. Old-time jazzmen back in New Orleans frequently improvised on well known classical themes, and jazz pianists galore have continued the tradition. More recently, Walter Murphy set the world
      784 words
    • 575 14  -  By TOH SU FEN "IF YOU ARE sad, if you are heartbroken, make up, look after yourself, put on lipstick and fight back; men detest weeping women." These words, which echoed down the ages, were said by a French lady who triumphantly revolutionised fashion and transformed the
      575 words
    • 762 14  -  By CHARMAINE CHAN THE MOST nail-biting and heart-stopping match of the Anchor Business Houses Squash League so far must be the games between SlA's Jeremy Tan and DBS's Abdul Aziz, which stretched to five thrilling sets on Wednesday night at the Singapore Squash Centre. When both
      762 words
    • 727 14  -  CHARMAINE CHAN IT WAS proven once more that to referee a game of squash requires not only a thorough knowledge of the rules but also playing experience in order to referee effectively and knowledgeably. On June 8, a controversy arose in the match between
      727 words
    • 261 14 FROM THE HORSE'S MOUTH By HYPERION MIXED amateur and professional meetings bring a slightly different crowd and a generally more relaxed attitude to Bukit Timah racetrack. What these meetings lose in quality they make up for in fun. On the whole the racing should not be
      By HYPERION  -  261 words
    • 251 14 GOLF: Eighty-seven golfers will take part today in the 'A' division of the Seletar championships. The Seletar Open will take place tomorrow. Both are strokeplay competitions. Sentosa monthly medals (stableford) competition today. Sembawang stableford competition today. SICC Island course SICC vs Tasek Utara Golf Club, and Rabbits'
      251 words
    • 1051 14  -  By RONALD KOW AFTER having gone two goals up in the first leg of the Malaysia Cup semifinal against Pahang last Saturday, tonight's return leg at Kuantan is one match Singapore can afford to lose provided it does not go down by more than one
      1,051 words
  • Page 13 Advertisements
    • 88 13 Raki Corporation Raki Corporation Tel *****4 *****4 RS ***** A B RAKICOR Cabt«: "RAKICORP" r«lorv Mar siting Industrial Estate Malaysia Tel: ***** Cable: "RAKICORP" Johore Bahru For all types of Culinary (Oriental and European) ground, whole, rubbed, herbs, seeds.roots, spices and pulses. Manufacturer, miller and stockists. Chanel, the French lady
      88 words
    • 21 13 RICOH Plain paper copiers Preferred by offices worldwide CALL *****5. Wywy Private Limited Wywy House. 17 Ler>g Kee Road. Singapore 0315
      21 words
  • Page 13 Miscellaneous
    • 692 13 WHAT WHERE j RECITAL THE NATIONAL Theatre Trust will present Symphonic Sounds VII by the National Theatre Symphonic Band (NTSB) tonight at Bpm. Tickets at $3, $2, and $1 are available at the Theatre. The concert, conducted by Samuel Leong (resident conductor), will feature two guest conductors, Tonni Wei and
      692 words

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