The Business Times, 5 July 1980

Microfilm: NL10697
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C4P) No. 111/1/8# SATURDAY, JULY S, lIM 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      SIC appointment
      53 1 MR TOH Peng Kiat, director of the Revenue Division, Ministry of Finance, has been appointed a member of the Securities Industry Council (SIC) till die end of this year. He is replacing Mr F.J. D'Costa. The Council is the government watchdog of the local capital market and oversees
      53 words
    • Article
      Lock icon Venezuela raises oil price
      45 1 AFP CARACAS, Fri. Venezuela has raised its oil price in line with recommendations of the Organisation of Petroleum Exporting Countries (Opec), Energy Minister Humberto Calderon said. Hie reference price, that of petroleum equivalent to Arabian light crude oil, is now US$32.
      AFP  -  45 words
    • Article
      Ohira memorial service
      30 1 DEPUTY Prime Minister S. Rajaratnam will represent Singapore at the memorial service for former Japanese Prime Minister Masayoshi Ohira in Ttokyo on Wednesday, official sources said yesterday.
      30 words
    • Article
      Lock icon Airline agreement
      61 1 Reuter TAIPEI, Fri. Taiwan and Singapore have agreed to grant landing and passenger pick-up rights to each other's airlines on long-range flights, the Aeronautics Administration said. Singapore Airlines would be allowed to fly to three destinations in the US .with stops in Taipei while China Airlines would be
      Reuter  -  61 words
    • Article
      Lock icon Vietnamese attacks
      82 1 AFP BANGKOK, Fri. Vietnamese-led forces are continuing strikes against resistance elements in the extreme west of Kampuchea and meeting tough obstacles in their efforts to seize control of a major Khmer Rouge stronghold in the Phnom Malai mountains. Border sources reported that fierce fighting continued in the Phnom
      AFP  -  82 words
    • Article
      Lock icon Meeting Russian threat
      58 1 Reuter BEIJING, Fri. Chinese Vice-Premier Li Xiannian today called for an equal partnership between Western Europe and the United States to deal better with a threat from the Soviet Union. Mr Li, who ranks fourth in the Chinese Communist Party heirarchy, made the statement daring a meeting
      Reuter  -  58 words
    • Article
      Lock icon Waldheim's opinion
      74 1 Reuter GENEVA, Fri. United Nations SecretaryGeneral Kurt Waldheim said today he thought progress on the release of the American hostages in Iran would have to wait until the current power struggle there was resolved. He told a news conference that he had sent a member of the United
      Reuter  -  74 words
    • Article
      Lock icon Rolling strikes
      54 1 AFP CANBERRA, Fri. Australian federal public servants will begin rolling strikes on Monday in all departments including the Federal Police and the Arbitration Commission. They will, for the first time in Australia, establish picket lines outside departmental offices in all parts of Australia to make sure that no
      AFP  -  54 words
  • Article
    Chief Price Changes
    139 1 Rises Indices E A I 300 U IC 595 K L Kepong 535 M Banking 1200 Skupi-Lt 1120 Taa Chong 770 UOI 232 TiaiM Pub 448 O U E 040 Iilud Pea 500 Falls 105 40 30 +20 +20 20 20 18 15 15 B.T.Indicator: Industrials: Finance:
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  • Article, Illustration
    KUALA LUMPUR
    158 1 Rises Indices Malayan Tin 3750 +50 B.T.Index: Jul 3 Jul 4 KgLanJut GOO 25 *****.*****26.06 Rothmans 540 +20 Industrials: 644.12 645.97 Pan Elec 206 +17 Finance: 911.21 910.37 Kamunting 460 +12 Hotels: 380.09 378.55 Haw Par 229 +10 Properties: 436.65 440.25 F Cables 237 +10 Tins: 359.38 359.56
    158 words
  • Article
    ICMA wants full recognition
    561 1  -  CALL ON ACCOUNTING SOCIETY By CATHERINE ONG THE argument that accountants are often divorced from the realities of management, thus not allowing the two to become an effective team, is likely to emerge once again. Local management accountants have once again urged the Singapore Society of
    561 words
  • Article
    Need for clear computer policy
    242 1 MAJOR departments in the Ministry of Finance are still unprepared for large-scale computerisation despite the Government's repeated emphasis on the need for speedy computerisation in the public sector. The Public Accounts Committee, in its second report, stated that a study of the Computer Services Department
    242 words
  • Article
    Batam agreement in principle
    438 1 SINGAPORE and Indonesia have reached agreement in principle to cooperate in the development 0» Batam island and a formal agreement should be signed within |hree months. This was revealed by Prime Minister Lee in Jogjakarta at the end of two days of talks with President Suharto.
    438 words
  • Article
    Bid for UIC unsuccessful
    360 1 TANG ENG's takeover offer of 15.50 per share (or the control and ownership of United Industrial Corporation (UIC) has lapsed on an unsuccessful note. The investment holding company, Tang Eng. failed in its bid to obtain a minimum of 8.39 million shares during the offer period
    360 words
  • Article
    Times Publishing casts its eyes on New Zealand
    278 1 TIMES PaMtoMag*a text step la Ita prigraaama #f •veriMi expaaalea, reeea tty demonstrated by Ha aeqatoltlea at a 2I per eeat share stake la the British paHUer, Marstall Caveadtoh, to likely te be la New Zealaad. Perastostoa baa beea pasted by the
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  • Article
    Sun Hung Kai to set up office in S'pore
    322 1  -  By KOH TSE YING SUN Hung Kai Securities (SHK), a leading stockbroking firm in Hongkong, will open a representative office in Singapore this month to advise clients on the local stock market. The office, to be located at Clifford Centre, will
    322 words
  • Article
    Tariff- preferences
    137 1 'ANOTHER -23 products of Asean origin will be added to the list enjoying tariff preferences on July 22. Under the Asean rate, eggs will enjoy a 20 per cent reduction in price and will now be charged $2.40 instead of $3 for every 100 units, while frozen or
    137 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      37 1 )RAK !•> A Far all types of Culinary (Oriental ICmmhUm aad European) *****4/434M4 Tdcs: RS ***** A/B RANCOR nifcMi. Ml, CaMc: "RAKICOItP" »««<».roOtl. sptces Factory Marwlknj Industrial EstaK MalaysiaTct: 554*4 Manufacturer, •Me: RAKJCORP" Mnn Baftru miller and stockist*.
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      Page 1 Advertisements Column 2
      146 1 SO TOU STILL SMOKE? THEN LETS TALK TEETH You wouldn't use a scouring agent to clean bone china, would you? It's the same with teeth. Vet ordinary toothpastes are too bland to remove tobacco film, and tea, coffee or other stubborn stains. The answer? New Clinomyn the toothpaste specially formulated
      146 words
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      Page 1 Advertisements Column 3
      34 1 U3HDB LEISURE TIMES GOOD SWINGING »way from pkyM SPECTACULAR pr«flt it to tmMALAYSIAN CRACKDOWN n DROP to crwßt AIRCRAFT i, TV AND RADIO CROSSWORD I WHERE TO WINE AND DINE 8, SHAKE INFORMATION M
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      Page 1 Advertisements Column 4
      247 1 RICOH Plain paper copters Preferred by offices wortdwfcte CALL *****5. Wywy Private Limited Wywy House. 17 Leng Km Road, Singapore 0315. KtS a=»3 i -a ABO Ist Quarter 1960 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract mg foreign investments to help power the country's
      247 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      470 2 SEMINARS AND COURSES July 7-8: Business Law 11, Hilton Hotel, Consulasia July 10: Credit Management, Shangri-La hotel, Acumen Credit Services July 10-11: Mini-Computer Applications Seminar, Hilton Hotel (Japan Room); Medora, Tong, Chow AssociatesTouche Ross International July 12: Industrial Relations Workshop, P.O.D Training Centre, P.O.D. July 15-16: Successful Selection
      470 words
    • Article, Illustration
      Good demand for automatic test systems
      390 2  -  By RICHARD SEAH THE local market for automatic in-circuit test systems is fast expanding with the electronics industry's drive towards full automation. Rising labour costs and the Government's emphasis on productivity and high technology have made local manufacturers of electronic goods increasingly aware of
      390 words
    • Article
      Consulasia courses for managers
      218 2 CONSULASIA Will be conducting four seminars for middle and upper management personnel from August to October. The first, on Aug 14 and 15, will be the seminar on "Training Salesmen on the Job". This seminar should be useful to sales and field managers and sales training
      218 words
    • Article
      Seconded to university
      47 2 THE assistant director (systems) of the Ministry of Education. Mr Wee Hian King, has been seconded to the National University at Singapore. He will be attached to the Vice-Chancellor'» office as principal asdstant to the Vice-Chancellor-designate, Dr Tony Tan. who is also Education Minister.
      47 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      150 2 MORGAN Guaranty Trust of New York has appointed Mr Lim Ho-Kee, vice-presi-dent, as head of the expanded treasury and trading division of its Southeast Asian branch. Mr Lim will be responsible for the trading of foreign exchange and securities in addition to the treasury activities of Morgan.
      150 words
    • Article
      Timber men list rescue steps
      466 2 FACED with a «hig([Mi outlook this year as a result of the slowdown in economic growth of the OECD countries, the Malaysian timber industry has urged the Finance Ministry to consider a number of measures that would enable it to tackle immediate and problems. These
      466 words
    • Article
      Publisher wins best seller status in United States
      225 2 A SINGAPORE-based publisher claimed a first when it achieved best seller status in the United States. The Insight Guide to Hawaii, published by APA Productions, sold more than 105,000 copies since its publication in February this year. The company has already "pre-sold"
      225 words
    • Article
      SENTOSA HARBOUR AND CABLE CAR TOUR
      131 2 THE SENTOSA, Southern Islands and Cable Car Tour has been renamed Sentosa, Harbour and Cable Car Tour. The first of the twice daily tour remains at 9.30 am while the second tour will be changed to 2.30pm from 3.30pm. The tours are available every
      131 words
    • Article, Illustration
      The name is Maybelline
      151 2 JARDINE Marketing Services has added another cosmetic range to its agency line. The latest product range to be acquired by Jardine Marketing is the American cosmetic range, Maybelline. The company is representing the range in Singapore and Malaysia. Maybelline was introduced to local stores at the
      151 words
    • Article, Illustration
      DOCUMENTARY CREDIT SEMINAR
      108 2 SIXTY participants from 55 companies have recently completed two one-day seminars on documentary credit conducted by Bank of America, Singapore. The seminars, designed far the bank's export-orien-tated customers, dealt with instruments of credit, prepsration of documents and evaluating discrepancies. "Correct documentation protects exporters from unnecessary costs and
      108 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      222 2 l: r^-ri ICONO g£ tH uP^ v it i? 11 ffi! 1 Ci *< i Are you suffering from schizophrenia? Is the Abominable Showman having a secret affair with Nessie, the Loch Ness Monster? K >*h%33*% u %j, Thousands of fans have chuckled and cheered ae the answers to these
      222 words
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  • REGIONAL
    • Article
      Lock icon Vietnam-China border skirmish
      333 3 UPI CHINA said its border guards wiped out a small Vietnamese patrol, on Friday in the worst skirmish between the two countries in several months. The three Vietnamese soldiers armed with submachine guns, hand grenades and maps were intercepted by Chinese troops earlier this week several kilometres
      UPI  -  333 words
    • THE REGION IN BRIEF
      • Article
        Lock icon JOINT COAL PROJECT
        449 3 Agencies A TRIPARTITE project by the US, West Germany and Japan to develop an innovative coal liquefaction technology will reach the final testing stage this autumn with construction starting on a demonstration plant in West Virginia, industrial sources in Tokyo said. The plant is to heat up
        Agencies  -  449 words
    • Article, Illustration
      SHIPS IN PORT
      362 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bright Moon (1200 tide) 29/30 Cherry Laju (1200 tide) 27/28 Chun Jin (2000) 40/41 Erick Lu (after King Tower, subject freeboard) 23/24 Hassho Maru (Tanker) (1300 P/O, subject gas free) 15/16 Indian Goodwill (2300 after Strathmeigle) 8/9 Tong Myung No 2 (0800)
      362 words
    • Article
      Lock icon Indian company to set up rayon plant
      152 3 Reuter INDIA'S industrial group Birla has signed an agreement in principle to set up a US$l25 million rayon project in China. B. D. Aggarwal, president of the India-China Chamber of Commerce and Industry, said the agreement with China's National Technical Import Corp was
      Reuter  -  152 words
    • Article
      Lock icon Anti-immigrant agitation in Assam
      74 3 Reuter THE TROUBLED northeastern Indiah state of Assam was cut off from the rest of the country yesterday at the start of a threeday anti-immigrant campaign by students in Assam. Air and rail services were cancelled by the government after militant Assamese announced that they would
      Reuter  -  74 words
    • Article
      Lock icon Pressure on Japan to restrict export of cars
      668 3 Agencies JAPAN has now come under mounting pressure to curb its car exports to the United States and Europe. Renewed concern within the European Economic Community over Japanese cars follows a meeting in Tokyo on Thursday of leaders of the industry to
      Agencies  -  668 words
    • Article
      Lock icon Good prospects for trade in Pacific Basin
      316 3 UPI REGIONAL economic Cooperation among Pacific Basin countries, already flourishing in some areas, will continue to grow and strengthen, Japan's Ambassador to the United States, Mr Yoshio Okawara, said. Mr Okawara told a meeting of the JapanAmerican Society of Honolulu that this is
      UPI  -  316 words
    • Article
      Lock icon Brezhnev and Hanoi leaders meet
      178 3 AFP PRESIDENT Leonid Brezhnev and three top Vietnamese leaders, Vietnamese party chief Le Duan, bead of government Pham van Dong, and president of the economic planning committee Nguyen Lam, held a summit meeting on Thursday to discuss international and bilateral relations, and reported "a complete
      AFP  -  178 words
    • Article
      Lock icon Work to start soon on hydrocracker
      108 3 Reuter CONSTRUCTION of a 100,000 barrel a day hydrocracking unit at an oil refinery in Dumai, Sumatra, will begin next year and should be completed by 1983. Pertamina processing unit chief Muohsin Ichsan said the US$B4O milion expansion project will enable the refinery to
      Reuter  -  108 words
    • Article
      Seoul opposition leader accused of red links
      260 3 SOUTH Korea's martial law command has accused major opposition leader Kim Dae-)ung of having communist ties and said he (aces charges of conspiring to overthrow the government, a crime punishable by death. The 54-year-old independent politican, a practising Catholic, was slapped in Jail
      260 words
    • Article
      Lock icon Japanese press bureaus closed
      223 3 AFP THE Seoul bureaus of Japan's Jiji press news agency as well as tbe Asahi daily newspaper have been closed down. No reasons were given for tbe closure, but it came in less than 24 hours after the two Japanese news media published what turned out
      AFP  -  223 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      71 3 AUCTION SALE TO K HELD AT THE LECTURE ROOM GROUNO FLOOR CHINESE CHAMBER OF COMMERCE HILL STREET. SINGAPORE ON FRIDAY 11TH JULY IMO AT 2JO PM. No 17 BOON TAT STREET SINGAPORE 0106. LOT 5-2 TS 11 LOT AREA: 1.781 SQ.FEET TITLE: 909 YEARS LEASE MS WEE ENG LOCK A
      71 words
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      Page 3 Advertisements Column 2
      426 3 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia ON Directory 1900-61 (Third sdWon) 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
      426 words
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  • RAW MATERIALS
    • Article
      Lower Soviet offtake causes price slide
      233 4 SOFTER conditions were experienced this week as levels aped back five cents in quiet trading, falling below the cents per kik> mark. The review of the Singapore and Malaysian rubber markets by HeMay, Caller ami Bath said that disappointment over the lower than expected
      233 words
    • Article
      SOYBEAN
      207 4 THE Chicago Board of Trade soybean futures closed on Thursday at or near the day's highs, up US9V4 to 5Vz cents per bushel in light trade ahead of the weekend. Although futures opened easier on reports of scattered protection taken by cash grain dealers, technical traders were encouraged by
      207 words
    • Article
      WHEAT
      193 4 THE Chicago Board of Trade wheat futures closed on Thursday at or near the day's highs, up US3 Vi cents per bushel in spot to off three in distant July. The market opened easier on reports of new crop producer sales overnight both in the hard and soft wheat
      193 words
    • Article
      RUBBER
      271 4 IN Singapore, the market closed slightly lower with July One RSS buyers quoted at 287.50 cents per kilo, down 1.50 cents from Thursday's close, dealers said. Morning prices were marked down slightly on lower London advices and some selling interest. Afternoon prices were slightly higher on reports of Chinese
      271 words
    • Article
      RAS PRICES
      300 4 R.A.S. prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 286.00 287.00N Int. 1 R.S.S. July 287.00 288.00 Int. 1 R.S.S. August 288.50 289.00 Int. 2 R.S.S. 281.50 282.50N UK/Coot 280.50 281.50N Int. 3 R.S.S. 218.50 279.50N UK/Coot 277.50 278.50N Int.
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    • Article
      SSR and SMR
      106 4 NOON SSR and SMR price* ye*terday HAS Jaly Aafaet (Carnal Mth) Buyer* Seller* (Forward Mtk) Bayer* Belter* SSR 20 (1-too pallet) 265 00 267.00N 266 00 268. OON SSR SO (1-ton pallet) 282.00 264.00N 263.00 265.00N MRKLB Jaly Aagaat SMR CV (1 too pallet) ***** 312.00N 310.00
      106 words
    • Article
      Straits Tin
      71 4 THE Strata tin price In Peuii yesterday gateei M|l ter pteu te $2,156, $li «km the litentttknl Tta Agreemeit ceding, Men nli. C«iiltl«B> were generally aiM to entinned Japanese, Eirepeai Mi local baylag, a higher Lead— closing ea Tharaday eight and smftUer production «C metal by misers, they
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    • Article
      CLOSING PRICES
      39 4 Robber: July 4 Singapore: July: 287.50 canta (down 1.60 cents) Malaysia: July: 292.00 cents (down 1.60 cants) Tin: M 52,166 (up $1) (equivalent to $36.63 par kilo) (np 2 cants) Official offering: 183 tonnes (down 34 tonnes)
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    • Article
      Forecast of bigger surplus in cocoa production
      134 4 THE world surplus of cocoa production will be even greater than previously anticipated, according to London brokers GUI and Duffus. They now estimate it at 154,000 tonnes, that is, 20,000 tonnes more than last year. Production would amount to about 1,599,000 tonnes, instead
      134 words
    • Article
      TEXTILES
      188 4 TARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Csttsn yam: China Blue Phoenix 20b 2.1*; 32s UM, 40b 2,850 (per bale of 400 lbs). Piece kmS>: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      188 words
    • Article
      Produce exchange
      176 4 CHINESE Pradaee Exekaags, flhmae, aaaa dsdag prices per IN kg yesterday. Caesnat all: Bulk fob 139.50 sellers, old drum (In second hand drum) fob $149.50 sellers, new drum fob »55 JO sellers. Capra: Mixed (loose) 186.50 buyers. Pepper: Muntok white {epper fob Asta NLW 455.00 sellers, Sarawak white
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    • Article
      RICE
      337 4 9NGAPOBE: Yesterdays closing prices in S$ per Idlo, ex-gotown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.90, 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 no stock.
      337 words
    • Article
      PALM OIL
      129 4 IN Kuala Lumpur, values ruled slightly higher cm some week-end covering in quiet trading, dealers said. Volume remained small with the central, northera and southern regions gaining M 52.50 to $825 per tonne for July and August positions. September was traded at $827.50 in the south. The refined
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    • Article
      LONDON MARKETS
      875 4 COFFISE: Robusta futures closed the morning off session highs but still with gains from Thursday of £72 to £60 per tonne. Turnover was 3,855 lots. Dealers said trading turned quiet mid morning with prices fluctuating narrowly around session highs. Trade selling and some dealer profit-taking into the market
      875 words
  • ASIAN STOCKS
    • Article
      Lock icon Active profit-taking stops advances
      618 4 TOKYO Source: DBS-Daiws THE speculative-oriented trend of selection was unchanged yesterday. At open- 1 ing, the market was firm, led by familiar issues such as Nippon Chem Ind, Ta- I nabe and Yuasa Battery. J These currently popular speculative seem to have the following factors In
      Source: DBS-Daiws  -  618 words
    • Article
      Lock icon Hongkong
      350 4 Source: SHK See ALTHOUGH the market opened higher on renewed overseas interest, end of the week profit-taking halted its advance. Second liners are attracting much more attention now, and some brokers felt the market is in its final bull phase. For example SHK Securities shot up another 1714 cents
      Source: SHK See  -  350 words
    • Article
      Sydney
      411 4 SHALE oil stocks featured yesterday on news that Esso Exploration will pay- AJ4OO million for its 50 per cent share in the Rundle project, dealers said. Although profit-taking Ced gains resulting from vy early overseas buying, Central Pacific rose $2 to $72, affiliate Southern Pacific |1 to $27, Green
      411 words
    • Article
      Bangkok
      265 4 STOCKS were weak throughout the trading session yesterday and prices closed mostly lower, dealers said. Bangkok Bank fell two baht to 294, First Trust 0.50 to 74, Jalaprathan Cement one to 115 and United Flour mill one to 190. JULY 04 Ban us Asia Credit 138 -2 Asia Fibre
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    • Article
      Lock icon Mitsui predicts record sales
      183 4 Reuter MITSUI and Co Ltd said it expects consolidated net income for the year ending next March to rise to about 30 billion yen from 28.39 billion yen last year. Sales on the same basis are estimated at a record 12 trillion yen, up from a
      Reuter  -  183 words
    • Article
      Selected indices
      50 4 FINANCIAL TIME8 INDUSTRIALS Thursday 480.1 Wednesday 4C3.6 Week Ago 406.7 bOW JONE8 AVERAGE INDUSTRIALS Thursday 888.01 Wednesday 878.0B Week Ago 8M.48 HJLHANG SENG Friday 1087.1» Thursday J087-JJ Week Ago 1041.43 8TDNET INDUSTRIALS Friday 25"5* Thursday- ere." Week Ago 879.27 ALL ORDINARIES Prlday »14j86 Thursday 886J7 Week Ago 888*4
      50 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      296 4 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 holding the hook and yarn to being able to do a range of stitches. The instructions are given for
      296 words
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  • OVERSEAS
    • Article
      Lock icon US economist predicts severe recession
      495 5 Reuter THE WORLD would be deep in economic recession by the end of this year or the beginning of next year, but recession in Japan would be leas marked, US economist Irving Friedman said. Dr Friedman, a former vice-president of the World Bank, told a
      Reuter  -  495 words
    • Article
      Lock icon Brezhnev sends Carter a lukewarm message
      524 5 Reuter UPI SOVIET President Leonid Brezhnev has dropped traditional personal greetings to President Carter in a coollyworded fourth of July message to the White House. His telegram to mark American Independence Day simply asked President Carter to convey to the American people the congratulations
      Reuter; UPI  -  524 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      712 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL FT FT75 0810 JFK/ORD/ANC/TPE SIA/BA SQ/BA17 0715 LHR/BAH SIA SQ101 0615 KUL MAS MH621 0635 PEN MAS MH671 0930 PEN/KUL MAS MH606 1000 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710 1005 HLP
      712 words
    • Article
      Lock icon UN suggests special aid for poor countries
      281 5 Reuter UNITED Nations SecretaryGeneral Kurt Waldheim has called for industrial and richer states to provide special aid to help low-income countries lacing "particularly alarming" economic problems. Mr Waldheim told the opening of a three-week session of the UN Economic and Social Council (Ecosoc)
      Reuter  -  281 words
    • Article
      Lock icon New Hebrides minister appointed president
      117 5 AFP THE NEW Hebrides Deputy Chief Minister, Mr George Kalkao, was yesterday elected the first President of the Republic of Vanuatu as the New Hebrides will be known after independence on July 30. Mr Kalkao, 42, was elected unanimously by an electoral college of 27
      AFP  -  117 words
    • Article
      Lock icon JUNE UNEMPLOYMENT
      96 5 Reuter THE US June unemployment report confirms a sharp deterioration in the economy during the second quarter. Although the June rate of 7.7 per cent is down slightly from May's rate of 7.8 per cent, Bureau of Labour Statistics Commissioner Janet Norwood said said unemployment continues to hit
      Reuter  -  96 words
    • Article
      Lock icon Israel, Egypt to resume talks on Thursday
      334 5 Reuter ISRAEL and Egypt will resume Palestinian autonomy talks in Cairo next Thursday despite indications that sharp differences remain on several key issues. The decision to revive the Camp David negotiation process was announced in Washington on Thursdau upon conclusion of two days'
      Reuter  -  334 words
    • Article
      Lock icon OAU split over admission of Polisario 'state'
      255 5 Reuter A BITTER debate over the proclamation by the Polisario guerilla movement of an "Arab Saharan Republic" is threatening to split the 17-year-old Organisation of African Unity (OAU) at its summit meeting in Freetown, Sierra Leone The Algerian-backed Polisario guerillas have applied to
      Reuter  -  255 words
    • Article
      Lock icon Federal Reserve Board to remove credit controls
      512 5 NYT THE US Federal Reserve Board announced on Thursday that it will remove the remaining credit controls, imposed in March to fight inflation, now that price increases have moderated. A month ago, the board cut the controls on borrowing by half. The board
      NYT  -  512 words
    • WORLD IN BRIEF
      • Article
        Lock icon NORWEGIAN STRIKE
        400 5 Agencies NORWAY appeared heading for a prolonged strike by 2,000 oilmen in its offshore oil and gas industry after the government decided not to intervene. The government said it would not force the strikers to go to arbitration as the strike, which began at midnight on Wednesday night
        Agencies  -  400 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      144 5 A Convenient and Effective Way for you to learn Mandarin. The "Mandarin By Radio" Series currently broadcast over SBC and published in the Straits Times Bilingual Page, is now available on cassette with a comprehensive book to guide you. Tso ■B J 0 SBC n t mM osac w x
      144 words
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  • Article
    A milestone in cooperation
    257 6 IT IS encouraging that Singapore and Indonesia have at last reached agreement on the Batam project. Besides being the first tangible sign that joint development of the Indonesian island is about to begin, the agreement is also a significant milestone in relations between the two countries
    257 words
  • Article
    Harsh realities of election rallies
    303 6 CREDIT must go to Mr Harbans Singh's party for being the first to name its candidates, if only in three constituencies. The inclusion of Mr Singh himself among the three candidates will see to it that the coming general election will not be lacking in
    303 words
  • Article, Illustration
    Lock icon Concorde — old before its time
    1446 6  - Concorde old before its time By PATRICIA KOZA UPI CONCORDE, once the pioneer of supersonic passenger air travel, has become as outmoded as the prehistoric flying creature it resembles. However, aircraft manufacturers are still highly interested in the concept of an advanced supersonic transport plane, perhaps by 1990, that will
    UPI  -  1,446 words
  • Article
    Lock icon FOCUSING ON THE PACIFIC VISION
    485 6  -  By NAOHISA MURAKAMI UPI THE SOCALLED Pacific Community concept (or regional cooperation is attracting varying degrees of attention in political, business and academic circles in America. But there is little agreement on the form and functions of the community. The economic growth records are remarkable
    UPI  -  485 words
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      Page 6 Advertisements Column 1
      158 6 The 2nd International Furniture, Machinery Accessories Exhibition Conference. ©f M§ DATE: 12-16 JANUARY 1981, SINGAPORE WORLD TRADE CENTRE. The success of Wood '79 has established this exhibition as the leading biennial marketing event for the timber industry. Now Wood '81, together with Furnima '81, will bring an even greater range
      158 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      21 6 e«DWE.THe NOaJS TcT u*\s on WtS SfejCQNQ CuP u»s rpcc PpiixD... wis eyes &LfYZ£D WD TMe GUP room ms uceuEss RNGegs
      21 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      1050 6 SINGAPORE 5 12.55 m Opanhf falawad by in— Stmt 2.00 Satwday Mataaa Our Man Flint 3.45 ABC Mdt Warid Of Spart 4.35 The Fan*y Hafeak Remembrance Of A Guest 5-25 Jejak Kembara (r) 6.05 The New Stanoo 6.30 News In Brief 6.35 Cultural Diary (E) 6.40 Famly The Convenant 7.30
      1,050 words
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  • Article
    Lock icon Britain gets tough with the inside dealer
    1648 7  -  By IAN RODGER FT ANYONE who boys or sells shares based an important "inakle" information in the UK today will be committing a criminal offence. As from the 23rd of last month, the penalties on conviction range up to two years in Jafl
    FT  -  1,648 words
  • Article, Illustration
    FOUR TEST CASES
    261 7 h make a takeever tU tar Magic T*^ J rfflT imihiiiibhl IWiiXIIi iillmlu Bpree UhetrateJ hen weaM he Segal —far IrgMaHia that cam lata (fleet freei Jeae tit Ben are the aaawen (A) te fear tfffereat dtaattaas (8). 8. Mack MarllM' nmlnw te* tely I» a Mai
    261 words
  • Article
    Lock icon FEAR AT THE OLYMPICS
    1037 7  -  Misha the Bear, the Olympic mascot, must be having an identity crisis. While its Russian masters say its smile is meant to strengthen friendship among peoples', they have also been instructing their young people not to fraternise with foreign visitors and parents not to let their
    Reuter  -  1,037 words
  • Article
    Lock icon Swinging away from fiscal discipline
    955 7  -  FORUM, With LEONARD SILK NYT SWINGS in the business cycle produce swings in K" lie attitudes towards tkn and unemployment and the behaviour of politicians. The latest New York Times-CBS News poll has registered growing public concern about unemployment and diminishing concern about Inflation, though
    NYT  -  955 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      157 7 The Secrets of Oriental Breathing for Health and Longevity What is Ch'i? this power that can rehabilitate failing health and recharge the human spirit, arrest illness and keep disease at bay? Can Chi really prolong vigorous life, regain lost years? Where did it come from? How can I find this
      157 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        184 8 JULY 08 FU ARN Ahold 61 00 -0.5 Akm 2340 unch Algbank 293.00 45 AMEV Am fas Amrobnk 6.70 IC7.00 65 JO 12 0J Bergoss Berk 38*0 86 00 unch Bo Is 56.00 0.6 BorsumlJ ***** unch Burhmann 64.50 0.7 Byenkorf 56 JO -0J CaJland 22.40 -0.1 CUvf Delft
        184 words
      • Article
        Brussels
        54 8 JULY 03 Frs FORWARD MARKET 1750 Astur 442 2 872 1432 -8 972 Cock 284 Electrotel 5070 •160 Gb-Inno-Bm 2400 •10 Ge* i?2? Sldro 1246 -2 Soc Gen Belg 1490 -4 3390 Solvay A 2790 20 Tanks 230 10 U Min V Mont 13S0 CASH MARKET 3506 -90 Soc
        54 words
      • Article
        Paris
        245 8 JULY 03 Frs CORBEILLK Air-Liquide 413.10 -2.9 B S N Gervais Da none 1024 C S F (Thomson- 14 C*f> 480 50 I Cie Francaue dn Petroles 243 02 Com pat n if Financier* Compagnie General* 365 90 0.9 Credit Foncier De France 432 -1 Hachette (Libralrle) 238 50
        245 words
      • Article
        Frankfurt
        212 8 JULY 03 Dm ♦A Aeg-Telefunken 87 .SOB Akzo 21 -03 All* Leben 975 10 Alii Vers <30 11 BASF 141.00 Bay H T Wbank 246 SO unch Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerxbank Conn Gummt Dumler-Btiu Defus&a Demag Deutsche Bank Dreadner Bank IX Texaco Dyckerhof f
        212 words
      • Article
        Zurich
        184 8 JULY 03 Actions Suisse* Alusulsse Br Alusulsse Kc(. Brown Boveri Br Clba Ofifj Br Clba Gelfjr P C Clbs Deify Ref Credit Suisse Br Credit Suisse Reg Eleklrowsll Br CJeocte Fischer Br Globus Pc Hero Br Hoffman La Roche 1/M Holderbank Br Interfood Br. Jelmoli Br Motor-Columbus Nestle Br
        184 words
      • Article
        Milan
        99 8 JULY 03 Ure Anic 630 -0.25 Assoc Gen touo ♦650 Bastofi 570 unch Central* ***** unch Fiat 1706 -IS FlnsMfer 63 75 -1.5 Gen Immob 68 >0.75 IFI Pri 2985 Italcemenu ***** >350 Italfas t39 .2 Itaiskder 322 -3 Magneti M Pf 476 unch Marelli Ere 321 unch Medio
        99 words
    • Article
      Lock icon Sharply higher
      1202 8 NEW YORK Reuter TWO positive economic developments combined to push stock prices sharply higher on Thursday in the heaviest trading since mid-June. Unemployment for June eased to 7.7 per cent from 7.8 per cent in May and the Federal Reserve announced plans to dismantle its March 14 package
      Reuter  -  1,202 words
    • Article
      TORONTO
      204 8 JULY 03 Abtubi Cf 18* Home OU Hud Bay Mln Imp Oil Inco Int Pro* Pipe 2»'< 47'. 17'.41 IS 7 Alcan 31S Inl UU 17'. unch 31'• Inll Ntckel T Bank Mont 21 Kerr Add IS'. Bank Nova Scotia Bell Tel 30 20 Lob Law B Mint; Pen
      204 words
    • Article
      JOHANNESBURG
      306 8 JULY 03 Rand INDUSTRIALS A ilnhfl 380 Tic Oats Tongaat Trust Bk Un Steel Unlaec Wool worth 1800 800 IM 140 245 565 unch -M ♦1 unch Abercom AE And CI AMIC Barlow? 332 aoo 2375 1110 1100 485B -13 unch -M 15 30 5 MININGS Anglos 1700 -M
      306 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      134 8 Where to wine, dine and entertain CJC Apollo S.ngaoore «0S I Rom. Smgapof*o3M T« 4320(1 est *****1 *4 id > 4 > V Bartoacua (Sat. t Eva of holiday) Time 7nma Mpm Sis per adbtt *12 per cr»KJ under 12 Price suOtect to service ctwge ft govt tax FREE FILM
      134 words
    • Advertisement
      Page 8 Advertisements Column 2
      146 8 For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6 30p.m. 10.30p m For reservations call *****77 j w cnliin I *nrk Hlmtiiloii SinynjH»rc SHERATO'J HOTELS AMDiWIr .-L 'V. NASSIMHILL SIN jAr-ORE Opened f>y ANA HOTELS i\'EHNAT NA. > WM w I wsa M
      146 words
    • Advertisement
      Page 8 Advertisements Column 3
      141 8 See Page 4 for Asian stocks The Great Family Do-lt-Vtxirsetf Barbecue. t 3 'H//JSSS&I Choose vour weapons. ncry Friday and i Saturday nighi Poottde at theOberoi lust choose what you want and barbecue it Meat, snafood. valadv sauces CWwl and apron available *20+ for adults. $14+ for each child under
      141 words
    • Advertisement
      Page 8 Advertisements Column 4
      168 8 Singapore-style fHilton style, lab At the Top of the Hilton, at Hin s That's where you get a selection of typically Cantonese favourites And our very own Flavours of Singapore No mess No noise Just great chow In the comfort and serenity of the Hilton If you live to eat.
      168 words
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  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      501 9 THE U.S. dollar firmed slightly against the other currencies in the foreign exchange market yesterday. Against the Japanese yen, the dollar opened at 218.90 in the morning. It picked up gradually to reach 219.35/45 in the late afternoon. Against the deutsc he mark, the US unit opened at
      501 words
    • Article
      ASIAN $
      175 9 ASIAN ASIAN currency deposit interbank rates as at Close on July 4: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US Doilan(8Bo<) Offer BkJ 9 5/18 9 3/18 9¥« 9H 9 5/18 93/18 9H 9V« 97/18 9 5/18 911/18 99/18 911/18 99/18 8*M Das.
      175 words
    • Article
      Discount
      5 9 Source: National Discount Co
      5 words
    • Article
      PLR
      22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 11.4 per cent.
      22 words
    • Article
      Treasury bill
      44 9 RESULTS of tender held on July 4 (or 91-day Treasury bills are: Ottered: 970,000,000. Applied far: «173,000,000 AJMtod: 170,000,000 AeeepM His: $98.31 and approximately 30 per cent; higher bids in full. Average rate d dhee—l ea attetsMat: 6.755 per cent per annum.
      44 words
    • Article
      GOLD
      279 9 IN Singapore, gold futures closed higher yesterday compared with overnight levels after fluctuating marginally throughout in thin trading, dealers said. Total sales for the day was reported at 100 lots with activity again on August and October contracts, they said. August closed firmer at US$675.00/676.50 an ounce against US$671.50/675.00
      279 words
    • Article
      Hongkong
      168 9 STERLING revovered slightly in featureless, quiet trading yesterday, ahead of the US market holiday and the weekend, dealers said. They said the market has now taken full account of Thursday's one percentage point cut in UK minimum lending rate to 16 per cent, and quoted the pound at a
      168 words
    • Article
      TOKYO
      129 9 THE U.S. dollar for overnight delivery closed slightly higher at 219.40 yen, compared with a 218.90 opening and 218.70 at Thursday's close, dealers said. Trading was quiet with volume 1581 million. The dollar firmed in thin late trading on buying by banks to cover import contracts after early steadiness
      129 words
    • Article
      London
      315 9 THE U.S. dollar opened mixed against major currencies yesterday, but the underlying trend is weak, dealers said. Trading was very quiet ahead of the weekend and because of the US Independence Day holiday. The dollar opened at 1.7532/40 marks after closing on Thursday at 1.7550/ 60, while it opened
      315 words
  • BANKING AND FINANCE
    • Article
      Deutschemark may drop against US$
      473 9 MARKET expectations that German interest rates will eventually ease and that US rates will remain stable indicate that the deutschemark may weaken against the US dollar and remain weak within the European Monetary System (EMS) in the near term. The mark is currently trading near
      473 words
    • Article
      Lock icon BONDS & LOANS
      635 9 BONDS LOANS AFP Reuter ABU DHABI Gas Industries (Gasco) has approached a number of financial institution to raise a US$4OO million loan, which would be the largest single syndicated credit in West Asia. Gulf bankers said negotiations have reached a delicate stage with Gasco apparently seeking a fixedrate financing to
      AFP; Reuter  -  635 words
    • Article, Illustration
      Chartered travellers cheques
      127 9 TOURISTS aad barter» traveller* eaa mv bay travellers eheqaes at the Chartered Baak. Ike beak bi started eellhg Staadard Chartered- Visa Travellers Ckeqm at Its 2t breaches la ftagspcre riiee last Taesday. Ike bearlag the hrilhr Visa m—■ d Mae, white aad geld, are available la sterttag
      127 words
    • Article
      UOF rate
      34 9 UNITED Overseas Finance (UOF) has clarified that the 13 per cent rate (for housing loans) it provided to Business Times, reported last Thursday, is incorrect. The rate should be 12.5 per cent.
      34 words
    • Article
      Oil earnings may create problems for Malaysia
      810 9 MALAYSIA'S monetary authorities will need to look for ways at neutralising the effects of the massive inflow of funds expected to be brought about by an expansion of oil earnings in the 1980s. This suggestion was made in a memorandum from the Malaysian
      810 words
    • Article
      Dramatic recovery by KL insurance industry
      530 9 AFTER operating at a loss for several years, the insurance industry in Malaysia made a dramatic recovery to show an "underwriting profit" of nearly 4 per cent in each af the last two years. According to the latest annual report of the Malaysian Finance
      530 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      88 9 II SINGAPORE 3-12 OCTOBER 1980 ANNOUNCEMENT This is to announce that the Asean Trade Fair *80 Organizing Committee has appointed Times Periodicals Pte lid as the sole publisher of the Official Fair Catalogue of the ASEAN Trade Fair *80. The catalogues will be distributed to buyers visiting the Fair and
      88 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1625 10 BriTaad otter prices official* listed and business in aad reported to the Stock Etehaafe of Shuiw yesterday wtth of shares traded Mnr io brackets la lots of 1,009 whs, ladies otherwise specified. SBCTION ONI INDUSTRIAL COMMKKCIAL Kern* (1MB) (1) 1» (3) 116XD
    1,625 words
  • Article
    Unit trusts
    131 10 ■wiiii pwrmw Tbe^Smmaroe ,lleW LB LB ThStrkprod L74 LB S-por« Prof Fund LB LM S'pareSac. Fad Hi LB S'par* Ia*«at Paad LB Llfcd S'pore Equity Fuad LB LB WMONTim (Ma*fWjriaaa klMIAT) VMoa Spar* tad LM LB INCSBK BBND UNR (ttmMprtw) laamBaad LB LB MAIiHI ■VBA aba UNIT no*
    131 words
  • Article
    SHARE INFORMATION SERVICE
    2770 10 BO Low CMfuy Last Sale orGr*s Div Dir Crr Gr's rid Net P/E Vol (•OOO) Day Hick Low SECTION ONE 163 334 M 318 w an sno INDUSTRIAL COMMERCIAL 245 220 116 140 270 60 275 246* 167 266 Acma Alcorn Allied Choc BAT Bata Ben Berjaya
    2,770 words
  • Article
    In Kuala Lumpur
    1669 10 BID and otter price* officially listed and burin*» in and reported to the Kuala Lumpur Stock Exchange yesterday with the number at ahares traded shown in brackets in lots at 1,000 units, uolea* otherwise specified. iNNanuu Iwfltt) ABMMI* (1MB) Aimtm (IMB 1») (M) IB (1) Lit AkaHMd(LMB)
    1,669 words
  • Article, Illustration
    Interest on selected favourites
    569 10 sSSSS titer. T>WMfa til eUilif lag dtore prteee to ctoee off Bat «to awakei mm aet tatoa ahaek hy tto alight nflijtof Md «to eMag VSiiiVnt «to —«IIBFI aptread, (to Stnlte Ttoaea teSEi i^ne tor etoi H.7» P«tate to smJim «to toy* MttreJtoMi etoaed ea thTplSvtoaa
    569 words
  • Article
    KL slightly steadier
    552 10 SUSTAINED support made (or a slightly steadier close at the Kuala Lumpur stock market yesterday. Sentiment appear to be on the mend after the recent spell of uneasiness and trading picked up markedly. The market, building pn the overnight recovery, started off strongly. Buying interest was pronounced
    552 words
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  • COMPANY NEWS
    • Article, Illustration
      Spectacular profits at Shangri-La Hotel
      420 11  -  By CHOO AI LENG TRUE to its widely-an-nounced forecast of earnings (or 1979, Singapore's premier hotel, Shangri-La Hotel, achieved spectacular pretax profits of |2Q6 million for the year ended Dec 31, 1979. This is a 64 per cent increase over the previous year's figures. Current
      420 words
    • Article
      API optimistic
      428 11 AFTER last year's sharp earnings spurt, Associated Plastics Industries (API) again looks towards 1980 with optimism. APl's optimism is based on higher sales of a more varied range of higher value-added products projected by the company for 1900 when several of its projects will get under way, hopefully
      428 words
    • Article
      RESULTS DUE
      147 11 Date Li ut Full Yea r Ctrnpuy Perled Aaaeenced Net EPS Grees Pre-tax last year <«■*) Dlv. Profit SgBesi ($1*) 23,536 F 6/7 317.6 520 UtdMal F 30/6 24.7 24.0 5,492 882 Alex Hldgs F 7/7 5.6 6.0 B Kawat F 9/7 20.8 13TE 3,758 M Cement I
      147 words
    • Article
      DIVIDENDS ANNOUNCED
      457 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Dak Yung 10H(b) JunS Jun 10 Jul 7 10% 10% KTPia 28S Jun 18 Jun 28 Jul 8 30% 32% CCM 20% I Jun 5 Jun 17 Jul 11 20% 56% B
      457 words
    • Article
      SCRIP ISSUE
      137 11 Company Particular* Ex Date Books Close St Trading Bolton Grand Central 8P Textile Sanyo lad Spore Glaaa City De* FAN JC MPH Bonus Issue of 1 for 1 Bonus issue of 1 for 2 Bonus Issue of 1 for 10 Bonus Issue of 1 for 2 Rights Issue
      137 words
    • Article
      Oriental Holdings looks set for record
      286 11 ORIENTAL Holdings looks set to make record profits again in the current year after achieving a commendable 44 per cent rise in pretax profit to $28.58 million last year. "The prospects for 1980 are sound and the group is expected to maintain the commendable
      286 words
    • Article
      Fusan results fall short of expectation
      417 11 CONTINUING its recovery started In 1978, Fusan Fishing Net Manufacturing has reported improved group pre-tax profit last year by 20 per cent to $1.26 million, despite a marginal 2 per cent fall in turnover to $13.14 million. However, last year's result is still a
      417 words
    • Article
      Sime Brokers
      127 11 THE Sime Darby group's insurance broking and underwriting agency businesses in Singapore have taken a new name Sime Brokers (S) Pte Ltd. Formerly operating as Bradford-Sime Darby (S) Pte Ltd, the company was renamed and reorganised to coincide with its move to new offices and to emphasise the
      127 words
    • Article
      Mid-term profits advance at PDC
      474 11 ONCE again, as a result of the continuing improvement at its principal subsidiary, Malaysia Borneo Finance Corporation (MBF), Pacific Development Credit has managed to chalk up a significant earnings advance at mid-term. The group's net pre-tax profit before minorities for the six months to March
      474 words
    • Article
      Lien Hoe's income drops despite higher turnover
      351 11 PRE-TAX preflt» sf Lies Hm ladastries have irappcd by slightly am thaa a fifth last year despite i irghri rise Is the taraever. The hilldlai aid eesrtwrihi MteUi |rnp wmom pre tn prsflts *f $2jn mUßsa hi the year ts last Dee SI
      351 words
    • Article
      Intrinsic value method used
      613 11 THE intrinsic value or discounted cash flow method was used for valuations of five tin mining companies under the Malaysia Mining Corporation group relative to that of Malayan Tin Dredging (M) (MTD). Morgan Guaranty Trust Company of New York which did the valuations said this method
      613 words
    • Article
      COMPANY BRIEFS
      372 11 HUME MhMm (M) and Heme (FE) have requested temporary suspension of trading in the companies' securities for two days on Jul 7 and 8 pending an important announcement on the afternoon of Jul 8. AMBASSADOR Hetei has appointed Mr Chee Wai Pong as a director of the company,
      372 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      253 11 'An opportunity is as real an ingredient in business as raw material, labour or finance but it only exists when you can see it' Everybody assumes that he or she is opportunity conscious but is frequently only conscious of the need to be opportunity conscious. For often what looks like
      253 words
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  • Article
    Harbans' thought on Vietnam
    257 12 MR HARBANS Singh, General Secretary of the United People's Front which intends to contest the next general elections, said his party will call for diplomatic relations to be established with Vietnam and the Heng Samrin regime in Kampuchea. He said that the Kampuhave been liberated from
    257 words
  • Article
    Drop in demand for bank credit in May
    204 12 DEMAND for bank credit fell by $15 million in May, the first decline in the last 15 months. A sharp drop in bills financing was mainly responsible for the decline. mils flnanHng showed a drop of $10.4 million in April and fell
    204 words
  • Article
    Lock icon Thailand raises US$310m loan
    149 12 AFP THAILAND has announced the successful syndication of a US$3lO million loan in *hat it called an indication ait investor confidence in the country's credit worthiness. The borrowing, Thailand's biggest ever on the Eurodollar market, is for eight years, with the interest expected to be threequarters
    AFP  -  149 words
  • Article
    Lock icon Iranians in show of support for hard-line course
    306 12 Reuter MORE than half a million people marched through the streets of Teheran yesterday, roaring approval for a hard-line manifesto backing the fundamentalist course of the Iranian revolution. State radid said millions took part in nation-wide demonstrations in a grassroots show of
    Reuter  -  306 words
  • Article, Illustration
    Employers' views not consistent
    242 12 BAR LIM Chee Onn (above), the SecretaryGeneral of the National Trades Union Congress (NTUC), pointed out inconsistencies in employers' views on the new recommendations made by the National Wages Council. He emphasised that the NTUC wfll ensure that all its affiliates insist that employers reward the
    242 words
  • Article
    Harvard conference
    79 12 ABOUT 100 senior managers have signed up as delegates for the conference ota "International Business and Financial Challenges in the *80b," which will be held at the Shangri-La Hotel on July 22. Several authoritative papers will be circulated at the conference which is organised by Harvard and SGV-Goh
    79 words
  • Article, Illustration
    Lock icon Malaysia to focus on trade and erasing poverty
    874 12 Agencies THE MALAYSIAN government will take measures to ensure the continued growth of the national economy and speed up the eradication of poverty under the Fourth Malaysia Plan, Prime Minister Datuk Hussein Onn said yesterday. The moves include improving and expanding export
    Agencies  -  874 words
  • Article
    Lock icon Rubber pact in force next October
    440 12 AP THE International Rubber Agreement so far the only commodity arrangement likely to become a part of the common fund agreed upon in Geneva one week ago will enter into force provisionally next Oct 1, the UN Conference on Trade and Development announced yesterday.
    AP  -  440 words
  • Article
    LONDON STOCKS
    741 12 LONDON. Fit The stock market closed taw while iniUMUt bonds finished narrowly atasd following the of the two remaiat«g "Tap" stocks, denters said. At the FT kutex was up 4.1 petals at Ml Industrial haiUri showed islaa of Ihliiub a penny tad 4p wtth the rooad of bnae
    741 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      170 12 Make all business your business Business Times has a number of vacancies for trainee journalists. We are looking for young, intelligent people who have a real desire to contribute to the fabric of the business, political and social scene in Singapore. Recent graduates and nongraduates will be considered but successful
      170 words
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      Page 12 Advertisements Column 2
      250 12 n i 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 Assistant Commissioner of Lunjore, and the spirited Winter de Ballesteros. Randall is charged with
      250 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Bqpart fw H hun prtor to 1M p-m. m Jaly 4 at the airpart. Ma-Hmnm temperature 32.3 Associated humidity 65 Minimum temperature...., .t 26.0 Associated humidity........ 92 Hours of sunshine 8.36 Rainfall in millimetres Nil Total rainfall for
      60 words
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  • LEISURE TIMES
    • Article, Illustration
      Daydreamer
      1024 13  -  1 PPRSPITB Try to recapture those blissful little magic moments and they call you a... By MARGARET THOMAS I DAYDREAM a lot. A bad habit. The result of years of confinement in classrooms with nothing more exciting than the droning voice of a teacher for stimulation. The only escape
      1,024 words
    • Article
      SENTOSA
      220 13 OUR rewrt island may aet be the idyllic getaway #f pare white saad aad crystal Mae water we eftea dream tt, hat far the practised daydreamer, It has Its secret little delights, its hidden mameats af treasared tranquility to sffer. Same belated areas la the eveaiag far la spirit
      220 words
    • Article, Illustration
      Delilah's delightful-lah!
      369 13  -  By PETER WONG THE billboard said she's the Queen of Pops. But to me she's the Soul Lady and Singaporeans should not miss her. The simple musical 4/4 beat has always characterised those wonderful Motown records and it was treated and delivered with a bluesy and soulful touch
      369 words
    • Article, Illustration
      For that extra Italian push
      1224 14  -  ■OTOBIM with Hermes GOOD majority of motorists here are probably dictated to by economics and not choice, when they walk into the 'showrooms and confine themselves to cars below 'JSOOcc. ■Z Factors like higher fees, astro--nomical road taxes, and vjfigher petrol prices have made the
      1,224 words
    • Article
      BONUS TIME COMING, BUT WILL EVERYONE BE HAPPY?
      873 14  -  (f~\ IMr± tt Mr^ By RONALD KOW IT MAT seem a bit early to be talking about bonis since it has been the tradition here to pay annual wage supplements or 13th month pay, as it Is sometimes more politely referred to,
      873 words
    • Article, Illustration
      Safety holds the key in this sailing school
      756 14  -  SPONSORED BY ELECTROLUX J SSC training L schemes sailing J By CHARMAINE CHAN IF YOU have a child between the age of seven and 15 who is keen on watersports, why not let him join the EDectrohix Sailing School where safety is
      756 words
    • Article
      Seletar Pro-Classic
      291 14 THE 1960 SELETAR Pro-Classic, which is being played this weekend, is unlike its predecessors. Instead of having (me main sponsor, there are be 10 sponsors for this golf tournament. The prizes that the sponsors have so kindly donated are either in cash or in kind. Overall increments in
      291 words
    • Article, Illustration
      Take Added Advantage
      142 14  -  FROM THE HORSE'S MOUTH HYPERION THE FTOJM9 have eat-ap ratter baily far Baaiay'a Iptk racial bat Am an atUl 12 geai atayen Ml la to rtmpMr far the Perak Derby tttte, aai Ike DMM that gaea with It IMb» Ivar Ailaa hat faar af Ma ebargea, all
      142 words
    • Article
      YOUR WEEKEND SPORTS
      287 14 TODAY GOLf: The second round of the Seletar Pro-Classic will teeoff this morning at 7. Altogether there are 41 professionals including Filipino I Legaspi, the only foreign entry and 24 amateurs taking part in this $15,000 classic. Singapore Mud Country Club: The 'A' and 'B' division monthly
      287 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      69 13 711 Ars European cart outdated? Hermes putt ona to tha taat II Your weekend aportt diary II It will aoon be bonua time again for Singapore's successful Malaysia Cup team but will everybody be happy? asks Ronald Kow II Charmame Chan on the Electrolux Sailing School, one of the neweat
      69 words
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      Page 13 Advertisements Column 2
      160 13 A helping hand when you need it most Mi**©! Hi (am. 1 Qround ttoor. Shaw Moo—. S*ngapowO«& T»: *****77^ Can one man's greed upset the balance of world power? S5 S* Va '/A Va 1 Morgan Khoo, an obese Chinese tycoon addicted to ice-cream and youthful flesh, masterminds a daring
      160 words
  • Page 13 Miscellaneous
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      76 14 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Business Times? Subscribe now. Cut Mt aii put May
      76 words