The Business Times, 12 July 1980
1980-07-12
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The Business Times
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Title Section10 1980-07-12 1 BUSINESS TIMES M.C.(P) No. 111/1/8» SATURDAY, JULY 12,118* SO CENTS10 words
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BRIEFLY...
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Article57 1980-07-12 1 AFP HONGKONG, Fri. The Governor, Sir Murray Maclehose, today expressed satisfaction over Hongkong-China relations. He told a press conference that one of the most significant developments of the past 18 months or so was the explicit acceptance by the Chinese government that Hongkong has a positive part toAFP - 57 words
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Article52 1980-07-12 1 AFP BUENOS AIRES, Fri. Argentina has agreed to export 4.5 million tons of forage cereals a year over the next five years to the Soviet Union. In an agreement signed yesterday, Argentina said it would provide four million tons of corn and sorghum and 500,000 tons ofAFP - 52 words
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Article73 1980-07-12 1 Reuter JAKARTA, Fri. Indonesia may retaliate against British restrictions on imports of its textiles, Industry Minister Aboul Rauf Suhud said. He did not specify the measures that might be taken, but said the matter will be taken up with the British embassy here. Britain has imposed aReuter - 73 words
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Article81 1980-07-12 1 AFP MANILA, Fri. A three-man Russian delegation arrived here today for a 10-day visit to explore more avenues for the promotion of friendship and cultural cooperation between the Russians and the Filipinos. Mr. Nikolai Yakovlevich, head of the delegation, told newsmen that a cultural agreement had been forgedAFP - 81 words
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Article62 1980-07-12 1 Reuter LUXEMBOURG, Fri. Industrial production in the nine European Common Market states fell by 0.4 per cent in April, giving more evidence of a Community-wide economic slowdown, the EEC Statistics Bureau said. Growth has slowed noticeably in the last six months for all three main sectors ofReuter - 62 words
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Article96 1980-07-12 1 Reuter BONN, Fri. Chancellor Helmut Schmidt has endorsed French President Valery Giscard d'Estaing's call for a stronger political and military role for Western Europe in preserving the East-West balance of power. Chancellor Schmidt told a joint press conference at the end of Mr Giscard d'Estaing's fiveday stateReuter - 96 words
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Article56 1980-07-12 1 AP NEW York, Fri. Stock prices lost more ground this morning in the wake of yesterday's selloff. The Dow Jones average of 30 industrials slipped 0.51 points to 885.41 in the first half hour. Losers outnumbered gainers by a 3 to 2 margin in the early tally ofAP - 56 words
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Article145 1980-07-12 1 Rises Rahman Hyd 1400 190 Chem Ind 225 46 Bouatead 424 34 Gentings 880 30 B Raya 384 28 Oriental Hldgs 424 24 Sel Properties 920 20 Kuala Sidim 426 20 Tan Chong 865 15 OUE 665 15 Kempas 635 15 Bousteadco 312 15 Perlia Plant 486145 words
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Article, Illustration145 1980-07-12 1 Rises Killinghall 1500 150 Rahman Hyd 1400 100 K Kampar 780 90 Malayan Tin 4100 50 Boustead 420 34 B Raya 384 28 Prima 440 20 Genting 675 20 Tan Chong 870 20 Berjuntai 1080 20 D Keramat 1560 20 P M Holding 420 16 Falls Dunlop Est145 words
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722 1980-07-12 1 AGNES WEE - PAYMENTS SCHEDULE AMENDED By AGNES WEE THE Government will amend the schedule of progress payments for sale of properties by developers to give greater protection to buyers. Where previously only 10 per cent of the purchase price remained to722 words
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Article242 1980-07-12 1 THREE American banks in Singapore have lowered lending rates to their best customers by half a percentage point in view of lower rates for inter-bank money since the beginning of this month. Leading the pack was Bank of America which reduced its prime lending rate242 words
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Article300 1980-07-12 1 FONG MEW LENG - By FONG MEW LENG THE current bullish trend in the building and construction industry is likely to continue for some time. In the first quarter of this year, there was a discernible shift towards industrial building projects. During the period, the Ministry of National Development approved300 words
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Article300 1980-07-12 1 CATHERINE ONG - By CATHERINE ONG PROPERTY developer United Overseas Land (UOL) is flexing its muscles across the Causeway where prospects for the property market look promising. UOL yesterday announced that it has taken an equity stake in a $60 million residential-cum-commercial development project. Located at Pantai Miami, Batu Ferringhi,300 words
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274 1980-07-12 1 YESTERDAY was the third saeeeerive day «I streag hellish activity en the bmm steck market, lifting the Straits Times Mistrial Mm abeve the Ml level. This key haremeter climbed 7JB pdati to a aew aMHNT high d 5*4.58, hrtaglßg the total galas ef the274 words
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Article405 1980-07-12 1 RONNIE LIM - By RONNIE LIM SINGAPORE'S Provisional Mass Rapid Transit Authority will get off the ground before the end of this month once the appointment of an initial eight to nine board members to manage the authority is finalised, sources said yesterday. They said that since405 words
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Article63 1980-07-12 1 A SINGAPORE-based coach manufacturer and motor vehicle distributor has won a $20 million contract to rebuild steel train coaches for Sri Lanka. Motor and Leasing (Singapore) will rebuild some 200 coaches with its joint venture company in Sri Lanka, Motor and Leasing (Lanka). The consultancy services for63 words
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Page 1 Advertisements
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Advertisement0 1980-07-12 1 `,%'^",=]!@((?,+]\)<}?^,/>%'=_<0 words
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Advertisement73 1980-07-12 1 Leader... Page I A The king-pins of the gam* want them back. y o o o Today. th« MacGregof* head moM it a true reproduction of tha groat MacQrogor woods of tho SC» Each dub hood it apoclalty mod* from choict lop grain Pofsiinnton wood. And, tha 'imm spot' it73 words
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Advertisement63 1980-07-12 1 PHILIPPINE film lalntry keadiag tor kart time 5.............. I METAL B«x (8) prepared tor aaatker toagk year IS TIMES PakHskiag replies to stock exckaage IS LEISURE TIMES LONDON Stock Exckaage cammlttoe raps stockbrokers 14 MALAYSIAN iMtttottoas baylag Gatkrie akarca 14 BETTER prsspects fer sckaiars la PeHee Farce 14 TV AND63 words
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Advertisement68 1980-07-12 1 A helping hand when you need it mat Ground ttoor, Shaw House. Singapore 0023 T#( *****77 J CALVET Well renowned French wine Only for those who know about wine. Beattjolais from Cdlvet. A rich red wine that is impeccably mellow. And a compliment to any dining affair Calvet From the68 words
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RAW MATERIALS
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239 1980-07-12 2 THIN conditions for the most part dogged a market devoid of any real features, and levels lost two cents overall. The review of the Singapore and Malaysian rubber markets by HtiUay, Catter and Bath said after a quiet start, Monday saw the major239 words
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Article329 1980-07-12 2 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: 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 0.68, B-10 per cent 0.80. THAI BROKEN: A-super 0.65, Special no stock.329 words
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Article194 1980-07-12 2 IN Singapore, the market closed easier with August One RSS buyers quoted at 286.00 cents per kilo, down 2.50 cents from Thursday's close, dealers said. Morning market eased 0.50 cents after fluctuating narrowly in quiet trading, they said. Prices fell some four cents in afternoon trading as overseas sold194 words
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Article298 1980-07-12 2 RAJS prices In cents per kilo yesterday: Nooa Close (per kik Buyers mjo 286.00 287.00 279.00 278.00 2K.OO 275.00 270.00 moo 265.00 364.00 (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. V7J0 288.50N Int. 1 R.S.S August 288.50 289.00 Int. 1 R.S.S September 290.00 290.S0298 words
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Article102 1980-07-12 2 NOON SSR and SMR pricaa Y—t*rd*y KA8 SSR 20 SSR SO <1-too pall* (1-ton pallet Aamt (Carraat Mtk) Bu y rg Mfera t) 286.00 267.00N t) ***** 264.00N StpUnbtr (Forward Mtk) Bayart Sallar* 288.00 268.00N 263.00 265.00N miLB Aifut Saptambar SMR CV SMR L SMR 5 SMR102 words
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Article90 1980-07-12 2 THE Btraits tta price la Peaaag yesterday rsse Ms 2 per ptcal to $24», still belew the lateraitlsail Tla Agreemeat eeUiag, dealers said. Ceattaaed buiac sapper* trsm the US, Japaa aid Earepe aad a lewer predaetlaa af tla caneeatrates by mlaers helped the market renuua steady areaad this90 words
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Article38 1980-07-12 2 Rubber: July 11 Singapore: Aug: 286.00 cents (down 2.50 cents) Malaysia: Aug: 289.00 cents (down 3.50 cents) Tin: M*2,138 (up $2) (equivalent to $35.35 per kilo) (up 3 centa) Official offering: 164 tonnes (down 31 tonnes)38 words
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Article129 1980-07-12 2 THE Chicago Board of Trade wheat futures on Thursday closed on an easier tone, up USS to 2 cents per bushel. Wheat opened higher than expected on a general bullish tone on the futures market, with commission house buying pushing prices to the highs early in the session, traders129 words
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Article193 1980-07-12 2 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot «-godown) Ctttn yara: China Blue Phoenix 20s 2,200; 32s 2,600, 4te 2,850 (per bale of 400 lbs). Piece geede: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article174 1980-07-12 2 CHINESE Preface Exchange, Stagapare, aaaa el—lag prices per IN kg yesterday: Caeaaat ail: Bulk fob 139.50 sellers, old drum (in second hand drum) fob $149.50 sellers, new drum fob $155.50 sellers. Capra: Mixed (loose) $86.50 buyers. Pepper: Muntok white pepper fob Asta NLW $440.00 sellers, Sarawak white pepper174 words
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Article194 1980-07-12 2 THE Chicago Board of Trade soybean futures closed up 17 US cents to 11 Vi cents per bushel on Thursday. Soybeans opened sharply higher than expected when private weather forecasters began withdrawing predictions of rain in the dry southern soybean belt, traders said. Slow country movement and the resulting194 words
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Article842 1980-07-12 2 COFFEE: Robusta futures closed the morning steady with gains from Thursday of £43 to £31 per tonne on sales of 2,265 lots including one option. Mixed buying, including underlying producer group support activity, continued throughout the morning »nH this helped the market maintain its early opening gains, dealers842 words
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Article76 1980-07-12 2 C.I.F. North European ports, In US dollars per ton unless otherwise stated: LONDON: Thurs Previoua Malaysian b c < ffa bulk per tonne August 540.00slr 540.00slr September 557.50slr 557.50 Sumatra 5% ffa bulk July 535.00slr 535.00slr August 545.00slr 545.00alr September 545.00slr 547.50alr October 557 50pd 560.00pd November 557.50pd76 words
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ASIAN STOCKS
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Article622 1980-07-12 2 TOKYO Source: DBS-Daiwa SENTIMENTS were somewhat apprehensive yesterday, perhap6 owing to the decline in New York stock prices on Thursday, rday Anyhow, at the beginning of the day, the market was seated on a slightly higher level. But Toyota and all the related car issues sagged. Resource-related stocksSource: DBS-Daiwa - 622 words
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Article344 1980-07-12 2 Source: SHK See THE market broke out of its consolidation phase with a bang yesterday following disclosure that a bid of HKJI.43 billion had been made for Gammon House. Other factors such as rumours over the tender price for the Harcourt Road site reaching HKJ27.000 per sq ft andSource: SHK See - 344 words
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Article338 1980-07-12 2 SHARES associated with the Woodada gas find in Western Australia gained in otherwise patchy trading yesterday, dealers said. Overseas interest in Woodada leader. Strata, pushed the stock A3O cents higher to $2-50 while affiliates Haoma and Northwest Mining gained 30 each to 13.80 and <3.35. Geo metals, which has338 words
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Article269 1980-07-12 2 STOCK prices closed generally lower in inactive trading yesterday, dealers said. Bangkok Bank dropped two baht to 296, Capital Trust one to 39.50 and Jalaprathan Cement one to 116, while First Trust, Mah Boonkrong Drying and Silo and Siam Cement closed unchanged at 75, 196 and 264 baht respectively.269 words
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Article131 1980-07-12 2 STOCK prices closed generally mixed yesterday with turnover rising to two million pesos from below one million for Thursday, dealers said. Acoje Mining and Seafront gained while First Phil Hldgs and PLOT fell. JULY 11 Peso* Acojc Mining (MS -0 0004 AUu Con. A Atlas Con. B. ZZ 41.00131 words
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Article50 1980-07-12 2 FINANCIAL TIMES INDUSTRIALS Thursday 488-4 Wednesday 463.0 Week Ago 480.1 DOW JONES AVERAGE INDUSTRIALS Thursday 885.82 Wednesday 887.27 Week A«o 888.91 H.R.HANG SENG Friday *****4 Thursday 1083.79 Week Ago 1087.19 SYDNEY INDUSTRIALS Friday 884*1 Thursday 881.83 Week Ago 886.38 ALL ORDINARIES Friday 818« Thursday 818*0 Week Ago 814*850 words
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Page 2 Advertisements
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Advertisement167 1980-07-12 2 We invite you to 40 yeers of the best of Times pictures i iC f A v r* L < f 1 w From the devastating Bukit- Ho Swee Fire and the days of Indonesian Confrontation to the pleasant nostalgia of a typical Baba wedding and the days of the167 words
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OVERSEAS
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302 1980-07-12 3 Reuter PRESIDENT Carter has called on Iran to free all its 53 American hostages. The plea came after Ayatollah Ruhollah Kbomeiny's office said he had ordered that Richard Queen, 28, of New York, be freed from a Teheran hospital and returned to his parentsReuter - 302 words
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135 1980-07-12 3 AFP THE Malaysian Department of Civil Aviation (DCA) will set up a security training college under the Fourth Malaysia Plan, its director-general, Mr Hamzah Majid, said in Penang yesterday. Speaking after opening the department's training centre in Penang, be said the college wouldAFP - 135 words
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182 1980-07-12 3 AFP THE Organisation for Economic Cooperation and Development forecast of slow growth in the Japanese economy has been challenged by the Japanese Economic Planning Agency. Against an OECD prediction of 5.5 per cent growth rate for gross national product and a current account deficit ofAFP - 182 words
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118 1980-07-12 3 UPI ARAB nations plan to introduce "action-oriented" proposals such as a UN peacekeeping force on the Israeli-occupied West Bank in the coming emergency General Assembly session on the Middle East. Lebanon's UN ambassador said the emergency session is expected to be convened onUPI - 118 words
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290 1980-07-12 3 AP Reuter PRESIDENT Abolhassan Bani-Sadr said this week the Iranian government had thwarted a planned military coup whose plotters intended to bomb the home of revolutionary leader Ayatollah Ruhollah Khomeiny. Mr Bani-Sadr gave only a general account of the alleged conspiracy in a latenightAP; Reuter - 290 words
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440 1980-07-12 3 AP THE United States, Britain, Japan and other industrial countries had record trade deficits last year, while the surpluses of the oil-export-ing countries soared to new highs. A study by the International Monetary Fund says mainly because of increased oil prices, the industrial countriesAP - 440 words
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138 1980-07-12 3 Reuter THE United States is seeking direct Soviet confirmation of President Leonid Brezhnev's offer to discuss the limitation of mediumrange missiles in Europe, State Department officials said yesterday. The Soviet offer was relayed to President Carter by West Germany after Chancellor Schmidt's visitReuter - 138 words
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Article522 1980-07-12 3 AFP THE US Republican Party, in its draft election platform, has urged continued efforts to build a working relationship with China, but cautioned against the transfer to China of sophisticated technology with potential military uses. It also called on Japan to substantially increase its defence budget andAFP - 522 words
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WORLD IN BRIEF
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Article503 1980-07-12 3 THE Japanese motor industry has reacted favourably to the government's advice to curb its exports. Ichiro Fujiwara, director general of the International Trade Ministry's Policy Bureau said Japanese companies were advised to take a close look at the situation in export markets and refrain from excessive exports that503 words
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Page 3 Advertisements
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Advertisement294 1980-07-12 3 Ymj r persona I of the future i Hailed as the heart of the third industrial revolution, semi-conductor technology is creating new engineering standards for the whole of the Automotive world. Technological progress has so often borne the name BMW. The field of microelectronics is no exception and BMW head294 words
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Advertisement41 1980-07-12 3 The daily Aircraft Schedule has been held over due to preeaure of apace. Flight information by telephone can be obtained from the airport (*****8) or from the respective airlines: SIA *****47/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantaa *****01, BA *****01.41 words
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Page 4 Advertisements
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Advertisement2372 1980-07-12 4 ASIA COMMERCIAL BANK LIMITED (Formerly known as Asia Commercial Banking Corporation Limited) AND SUBSIDIARY COMFANIES (Incorporated in the Republic of Singapore) BALANCE SHEET 3isr DECEMBER, 1979. SHARE CAPITAL Authorised 100,000,000 shares of $1 each Issued and fully paid 50,000,000 shares of 1 each CAPITAL RESERVE GENERAL RESERVE UNAPPROPRIATED PROFIT Total2,372 words
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Article890 1980-07-12 5 BONDS LOANS Agencies THE Industrial Finance Corporation of Thailand (XPCT) has signed a memorandum of understanding with Baring Brothers, a British merchant bank, to obtain a credit line of 100 million baht to finance local small industries. An' IPCT official said the credit, which will be supported by the BritishAgencies - 890 words
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Article381 1980-07-12 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Amfitriti (after Centaur) 1/2 Blue Kochi (RO/RO) (after Dong Kwang) 46 Car Liner No. 1 (RO/RO) (0600) 31/32 Gerbera (RO/RO) (after Kota Eagle) 10/11 Hoegh Opal (1700 after Allied Enterprise Nedlloyd Algoa) 6/7 Joo Hong (Tanker) (0200 Subject Gas Free P/O) 16381 words
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Page 5 Advertisements
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Advertisement1467 1980-07-12 5 ASIA COMMERCIAL FINANCE LIMITED (Incorporated in the Republic of Singapore) AND SUBSIDIARY COMPANY SI 0.000.000 $10.000.000 $10,000,000 1,868,000 U 34,969 BALANCE SHEET 31 ST DECEMBER, 1979 SHARE CAPITAL. RESERVES AND UAMJTTES SHARE CAPITAL Authorised 10,000,000 shares of $1 each Issued and fufty paid STATUTORY RESERVE REVENUE RESERVES Total Share Capital1,467 words
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Article398 1980-07-12 6 IT IS encouraging that the government has decided to come to grips with the task of ensuring that strata titles are issued with due dispatch. Buyers of residential and commercial properties in their eagerness to conclude their purchases have often placed themselves at grave risk. Without a398 words
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Article291 1980-07-12 6 LOWER prime lending rates bring joy to corporate borrowers but gloom to individual depositors. With every decrease in prime rate, borrowers will be paying less for their loans while depositors will be getting lower returns for putting money in the bank. This is especially true291 words
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647 1980-07-12 6 HONOR BLANCO CABIE - By HONOR BLANCO CABIE Reuter INCREASING production costs and competition from foreign films are pushing the Philippines' movie industry into hard times. The Philippine government has been urged to provide tax and other incentives to spur a revival following a slump in theReuter - 647 words
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Article, Illustration1263 1980-07-12 6 WAN HULAIMI - CREATOR OF BRISTOW Unlike Bristow, his creation, Frank Dickens' life involves bowing to mundane routine, the ensuing ennui, and the resulting mischief that besieges the form. WAN HULAIMI discovered this when he spoke to the cartoonist in London recently. The life of Dickens the cartoonist1,263 words
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Page 6 Advertisements
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Advertisement197 1980-07-12 6 IIH 'J TO Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative Management Institute197 words
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Page 6 Miscellaneous
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Miscellaneous15 1980-07-12 6 BliStcW:FKLoJclHctoajs SisTep pooling SC»STOUJ, 9© Me comes MEJRC ppfe? cup\ CvGRy DRy J VToJODteR. c-15 words
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Miscellaneous1050 1980-07-12 6 RADIO Long-drawn battle V YOU (ell asleep Laat Satarday dartag Ike lsag kit aeverthelem exdttag J"? ®J« ®*f ui Jaha MeEarce, try ynri viewtag •gala taatght. Tsalght'g me vie, the Blae Max, elfen a ssmewhat different aart ef exdlemeai, w. The programme was to have beea shawa three Satardaya age,1,050 words
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Miscellaneous378 1980-07-12 6 mmmumu 23 They're organised men, sir (6) 25 A litte butter from Ireland? (3) 28 To twist is right, in a way! (5) 30 It may lend support to an artist's views (5) 31 A city united (5) 32 Five-headed animal (4) 33 There's sound sense in this location (4)378 words
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BANKING AND FINANCE
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Article487 1980-07-12 7 THE U.S. dollar firmed against other major currencies in the foreign exchange market yesterday. Against the Japanese yen, the dollar opened at 217.00, and then picked up to 217.60/70. It remained steady at this rate to close slightly higher at 217.90/90. Against the deutsc he mark, the US487 words
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Article150 1980-07-12 7 THE U.S. dollar for overnight delivery closed at 217.70 yen yesterday, up from a 217.00 opening but slightly down from 217.90 at Thursday's close, dealers said. Trading was active with the volume US$96l million. The dollar recovered moderately in light, late trading on increased import covering by Japanese traders,150 words
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Article183 1980-07-12 7 ASIAN RATES ASIAN currency deposit Interbank rates as at close on July 11: 7 days 1 month 2 months 3 months 6 months 9 months 12 months U8 Dollan(Swx) Offer M 9 VIS '91/16 913/16 911/16 97/16 96/16 99/16 97/16 9V. 9M 913/16 911/16 9% 9V. SwJn. Dm. iiiuju r.i.183 words
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Article46 1980-07-12 7 RANGE at price* attend by di» count bouaea on July U: Overnight W 15/16% Call deposits: «V, 6%% CWK 3-month Treasury bills 6% 6H 3 month Bank bills 99/16 97/10 3 months CD «11/16 69/16 6 months CD 6 9/16 17/16 Source: National Discount Co46 words
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Article44 1980-07-12 7 RESULTS of tender beld on July 11 for 91-day Treasury bills are: Offered: $70,000,000. Applied tor: 1125,000,000 Alletted: 170,000,000 Accepted Mde: $98.31 and approximately 30 per cent; higher bids in full. Avenge rate ef dtoeeaat ea alletmeat: €.770 per cent per annum.44 words
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Article22 1980-07-12 7 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.3 per cent.22 words
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269 1980-07-12 7 UPI Reuter THE Sri Lanka government may introduce legislation to prevent foreign banks from offering interest-paying current accounts because that will be skimming money off the country, officials in Colombo said on Thursday. "The government permitted foreign banks to open branches here soUPI; Reuter - 269 words
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Article254 1980-07-12 7 Reuter THE secondary market for negotiable yen certificates of deposit, at present almost non-existent, is unlikely to develop in the near future because the Japanese Finance Ministry has no plans to lift restrictions which make CDs only partially negotiable, ministry sources said. The restrictionsReuter - 254 words
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82 1980-07-12 7 Reuter JAPAN'S Finance Ministry has informed Japanese and foreign banks they will not be allowed net increases in July in their intake of Euroyen beyond their outstanding balances at end-June, hanking sources in Tokyo said. End-June balances of Euro-yen, Japanese currency held overseas, totalledReuter - 82 words
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Article248 1980-07-12 7 AFP CHINA'S urban bank deposits rose by 4,000 million yuan in the first half of the year, the New China News Agency said. The figure is 1,100 million yuan more than the previous record figure for the same 1979 period, the People's Bank of China saidAFP - 248 words
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Article380 1980-07-12 7 THE U.S. dollar yesterday opened firmer than its Thursday's close and continued to rise in early trading, dealers said. They attributed the rise to firmer Eurodollar deposit rates, which showed gains of a 1/4 percentage point on Thursday. The dollar opened at 1.7432/40 marks and 1.5960/ 90 Swiss380 words
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Article302 1980-07-12 7 SINGAPORE gold futures yesterday closed lower compared with overnight levels after fluctuating within narrow margins, dealers said. Trading was quiet and thin on lack of fresh interest and news of the release of one US hostage held in Teheran had little effect on the market. Total sales for the302 words
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Article2756 1980-07-12 7 1980 High Low Coapuj Last Sal* +orGr*. Dir DW Ctt Or'a Y*U Nat P/K Vol Day (XWO) Hick Low SECTION ONE INDUSTRIAL COMMERCIAL 370 223 140 183 324 80 316 424 312 400 245 220 116 140 270 60 275 246* 187 285 Acma Alcom Allied Choc2,756 words
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Article146 1980-07-12 7 THE U.S. dollar finned slightly throughout yesterday against major currencies in quiet featureless trading, dealers said. They attributed the dollar's gains mainly to short covering ahead of the weekend and said the release of one US hostage in Teheran appeared to have little impact on the market. The US146 words
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Page 7 Advertisements
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Advertisement304 1980-07-12 7 APPOINTMENT Manager O LUBRICANT DEPT. The Singapore branch of a French petroleum company is seeking a suitable man for the lubricants section of their rapidly expanding company. This is a senior position and there is a possibility of increased responsibility as the company may branch into other fields related to304 words
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Page 8 Advertisements
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Advertisement16 1980-07-12 8 OFFICIAL OPENING OF ASIA COMMERCIAL BANK BUILDING N0.2 MISTRI ROAD (SHENTON WAY) SINGAPORE 0207 TELEPHONE: *****2216 words
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Page 9 Advertisements
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Advertisement1220 1980-07-12 9 OFFICIAL OPENING OF N0.2 MISTRI ROAD (SHENTON WAY) SINGAPORE 0207 TELEPHONE: *****22 BOARD OF DIRECTORS MESSAGE BY MRANGKEONGLAN BBM(L) CHAIRMAN Like the pioneers of old, the founders of Asia Commercial Bank started business modestly some 21 years ago, in a small shophouse at Hongkong Street. The Bank's paid-up capital was1,220 words
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LEISURE TIMES
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Article, Illustration1196 1980-07-12 10 LEE YOKE MENG - Just miles and miles of placid blue water, a solitude broken only by the stillness of forest greens this is Sun Moon Lake. By LEE YOKE MENG ONE OF THE best things about Sun Moon Lake is that it does not overwhelm you, as Taipei does,1,196 words
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Article, Illustration377 1980-07-12 10 C CHOO - By C CHOO MY FIRST experience with Thai food caused me an embarrassing ten minutes of uncontrollable spluttering and a beetroot face which refused to pale for a longer time. So it was with a certain amount of apprehension that I approached the Poolside of the Holiday Inn377 words
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Article, Illustration662 1980-07-12 11 RICHARD SEAH - RECORDS By RICHARD SEAH IT IS NOT uncommon for two classical musicians to get together in a performance. Here, one example that immediately springs to my mind is Singapore's Seow Yit Kin's team-up with cellist Julian Lloyd Webber in The Romantic Cello. Jazz musicians' get-to-gethers662 words
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Article1261 1980-07-12 11 RONALD KOW - By RONALD KOW IT HAS more or less become a tradition that the final of the Malaysia Cup soccer tournament should be played in Kuala Lumpur, the capital of the Federation of Malaysia. This means, of course, an obvious home-ground advantage for three1,261 words
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Article191 1980-07-12 11 TODAY GOLF: SICC Island course Tan Kwang Joo, A Chawat, Mahinder Singh and Hong Cheun (all SICC), Solomon George and Tan Ah Lek (Changi), Harpreet Singh (Seletar) and Chen Yeu Ping (Jurong) will compete in the quarterfinals of the Eu Tong Sen Cup this afternoon. SICC Bukit191 words
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Article, Illustration712 1980-07-12 11 CHARMAINE CHAN - CHARMAINE CHAN THERE was team support, some rather serious injuries, abundant nerves, Borg-like temperaments and of course the joy that accompanies each team as it nears the final stages of the recent Anchor Business Houses Squash League. It was due to the changing712 words
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Article, Illustration315 1980-07-12 11 HYPERION - FROM THE HORSE'S MOUTH By HYPERION THERE will be no established stars of the local turf on view at the Bukit Timak meeting tkat starts today. Bat racegoers may be lucky enough to spot one or two stars-in-the-making. Punters must keep their eyes on the315 words
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Page 10 Advertisements
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Advertisement84 1980-07-12 10 RICOH Plain paper copiers Preferred by offices worldwide CALL *****5. Wywy Private Limited Wywy House. 17 Leng Kee Road. Singapore 0315. Richard Seah finds Cleo Laine and James Galway in a rare team-up .II Peter Wong storms the Copacabana II Your weekend sports diary II Wouldn't it be nice to84 words
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Advertisement186 1980-07-12 10 For all type* of Culinary (Oriental a b and European) T«»: *****4/434*94 ""TV*' Tele*: RS ***** A/B RAKICOft HIDOed. lierOS. Caste: -RAWCORP" seeds, roots. spice* Faco., n«iMM Industrial Estate Maiayua Tel: 554 M Manufacturer, CaMe: "RAKICORP" Johore BaHru miller and stockists. The 2nd International Furniture, Machinery Accessories Exhibition Conference. The186 words
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Page 10 Miscellaneous
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Miscellaneous756 1980-07-12 10 WHAT WHERE EXHIBITIONS THE Best of limes Singapore 1949-1981 Exhibition is on at the National Museum Art Gallery till July 14. The National Museum and The Times Organisation presents the best pictures of The Times Organisation over the last four decades. The devastating Bukit Ho Swee fire, the Indonesian Confrontation,756 words
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Page 11 Advertisements
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Advertisement803 1980-07-12 11 Copacabananas about disco They know what their guests expect from a dance floor at the Copacabana and lasers might be coming for the hard-to-By PETER WONG .a I U •i ri A iL P. *> 4. 1 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps803 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article206 1980-07-12 12 JULY 10 Fls ABN Aholil 6350 2-5 All20 22.70 -0 1 Algbank 296 SO -05 AMEV 84 00 -0.5 Am fas 107 00 unch Amrobnk 65 90 -04 Bfrfou 38 00S Berk 8600 unch Bois 55 80 -02 Borsumij 206 00 1 Bur h man n 65 90 0.1206 words
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Article93 1980-07-12 12 JULY 10 Frs FOKWAKD MARKET Aeec 291 -4 ArDed 1710 -20 Astur 440 -3 Bmcin 872 -10 Bru-L&mb 1420 30 Canpae 1032 unch Cock 230 5 De Beers 290 -1 Ebes 1900 -5 Electrobel 6200 50 Gb-Inno-Bm 2385 30 Gev 1246 -4 Hobok 2615 -15 Petro 4950 -20 Ryl93 words
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Article264 1980-07-12 12 JULY 10 Frs CORBEILLE Air-LiquJde 432 -5 B S N Gervais Danone 1002 -8 CSF (Thomson- c«l) Cte FrancaiaT des Petroles Compagnle Financier* Compagnte Ofiwralt Credit Fancier De France HacheUe (Llbrairie) Machines Bull Mlchelin (B) Parib&s Pechlney Clgine 480 20 243 367 428 236.60 56 90 790 244 107264 words
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Article213 1980-07-12 12 JULY 10 Dm Aeg-Telcfunken 88 50 1 A It 20 11 10 -0.1 Alii Leben 1000 00 -20 A Hz Vers 414.00 BASF 137.00 08 Bay H T Wbank 345.00 V700B -OJ 1 115J0B BBC 306 00 B 4 BMW 149 00B Chem Verw .330.00 287 006 unch CoRimrrzbtnk213 words
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Article191 1980-07-12 12 JULY 10 Francs Actions Suisses 283 1 Alusulsse Br. uao -S Alum Use Reg 443 unch Brown Boverl Br 1630 5 Clba deify Br. 1120 unch Clba deify PC no 15 cibt deify Res aw unch Credit Suisse Br 2215 15 Credit Suisse Rm 308 -I Elektrowatt Br. 2300191 words
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Article103 1980-07-12 12 JULY 10 Lire 6 50 04 Assoc Oen aoioo -000 Basiofi S67 -85 Centrale ***** -230 nu 1710 -M Unsioer 04 1.73 Gen 1 m moll ai 05 in Pn 2800 -10 llilnnjutl ***** ♦380 I taigas 835 10 Ilalsider 322 unch Magneli M Pf M0 -28 Marvlll Ere103 words
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Article1236 1980-07-12 12 NEW YORK Reuter OIL STOCKS and" some financial issues ted a sharp stock market setback on Thursday as trading slowed from the pace of the last few days. Analysts said there was little In the news to affect prices and noted that the market continued to runReuter - 1,236 words
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Article205 1980-07-12 12 JULY 10 Cf Abltlbi 19Alcan 31'.i, Algoma 32 unch Bank Mont 28 Bank Nova Srolia 30'. Bell Tel lt T Beth Corp BP Can Lid HI 47 -IS Brascan 27'. Camp Red Lake 65 Can Imp Bk 25 Can par 42'. Canpac Inv Pf Car ling OXeefe 9 Cominco205 words
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Article314 1980-07-12 12 JULY 10 Rand 4-/-INDUSTRIALS A Alpha 385 5 A ber com 335 -5 AE And CI 780 unch AMI r 2425 -25 Barlow* 1130 -10 Cg Sugar 1150 unch CNA 405 unch Curne Finance 206 unch De Beers Ind 2750 unch Edcon 510 unch Fdgar* Eveready z F—1 V/OIr314 words
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Page 12 Advertisements
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Advertisement745 1980-07-12 12 See Page 2 for Asian stocks Where to wine, dine and entertain Hie Great Family Do-lt-\bursetf Barbecue. C h\&J j > V i,-~ >"-ir -i m ifcf: lust choose what you want and baitoecue it Meat seafood, vabth. vaucn Chefihat and «cn available far aduib Jl4+ for each child under745 words
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COMPANY NEWS
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Article, Illustration555 1980-07-12 13 CHOO AI LENG - By CHOO AI LENG HAVING successfully survived a difficult year of higher fuel and tinplate prices by turning in a pretax profit of $11.1 million for the year ended March 31, 1980, Metal Box Singapore looks more than prepared to face yet another tough555 words
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582 1980-07-12 13 TOTAL production of tin companies listed on the Kuala Lumpur Stock Exchange for May 1980 amounted to 39,296 piculs compared with 39,035 in April and 43,644 piculs in March. Output by the Malaysian Mining Corporation group, which include associates Aokam Thai and Austral Amalgamated, amounted582 words
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Article168 1980-07-12 13 REPLYING to the Slagaowre Stock Exffcaig» yeaterday Times PaMfahftag aald It haa agreed with the hmH af Marshall Caveadtoh (MC) to make a geaeral affer at Sip far each eatetaadlag Itp ahare af MC. lie affer to ceadltleaal apaa receiving M pr r eeat aeeeataaeea ar168 words
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2874 1980-07-12 13 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 COMMERCIAL Acma (3.388 3.405)2,874 words
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Article642 1980-07-12 13 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 Irnma (3.208) Alma (2.365) (5) 2.22 (5) 2.24 (3) 126 (1)642 words
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COMPANY MEETINGS
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Article24 1980-07-12 13 AGM to be held at Wisma Bunga Ray a, 152, Jalan Ampang, Kuala Lumpur at 10.00 a.m. on Jul 29.24 words
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Article28 1980-07-12 13 AGM to be held at 5th Floor, Straits Trading building, 4 Jalan Leboh Pasar Besar, Kuala Lumpur, at 2.30pm on Jul 31.28 words
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Article155 1980-07-12 13 HNGATOU UNIT nUR OUB-MONTAGU The Commerce Tbe Savings Fund S pore Pn* Fund S pore Sec. Fund S pore Invest Fund S pore Equity Fund ht in mi 171 2.85 1.75 1.84 1.29 1JB 2.13 2.24 1.70 1.7»*d L* 1.32 (MMotr antes wniua H) Union Spore Fund 1155 words
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398 1980-07-12 13 TWO major factors were primarily responsible for the 19 per cent fall in the pretax profits of Kinta Kellas Tin Dredging Ltd to $3.54 million last year. These were the 2.4 per cent drop in the company's production of tin and a398 words
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Article237 1980-07-12 13 CLEARLY bearing out the company's own forecast, United Malacca Rubber Estates has reported flat earnings for the «year ended April 30,1960. Unaudited group pre-tax profit was unchanged at $5.49 million. Group's net profit, after a t 42 per cent tax rate, fell marginally by 3237 words
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Article, Illustration648 1980-07-12 13 THE balk remalaed la caaimaad at the Stagapere steeh market yesterday, taklag rian price» knady Ugher la a i Tt 11 ttaltaj Whatever wmH—bayers had eartter were evfdeatly dtopelled aa hayers' lets la —me af the pwiiM ly iaaettve eaaaten. Antag the aew favearttes648 words
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Article571 1980-07-12 13 BUYERS dominated at the Kuala Lumpur stock market, sending prices broadly higher for the third consecutive session. The strong wave of buying swept the New Straits Times Industrial ordinary share index 4.G6 points higher to 667.72. This is yet another new high for the year,571 words
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Page 13 Advertisements
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Advertisement5 1980-07-12 13 Far SHARE INFORMATION BERVICE~Bm PM*T5 words
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347 1980-07-12 14 Reuter A LONDON Stock Exchange committee has criticised stockbrokers involved in so-called dawn raids, the sudden buying of large blocks of shares for previously unannounced clients, and suggested new rules to control the practice. These raids, in which millions of shares may be bought withinReuter - 347 words
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Article293 1980-07-12 14 •A FORMER solicitor to +law Par Brothers International Ltd (HPBIL) yesterday lost his civil appeal against HPBIL's complaint 4hat it had been overcharged for services rendered by him. The appeal judges, after Rearing submissions by }>oth parties, dismissed with costs Mr Harry Wee's appeal against293 words
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444 1980-07-12 14 AFP Reuter RELATIONS between the Association of South-east Asian Nations and India are likely to become uneasy following New Delhi's recognition of the Hanoibacked Heng Samrin government in Kampuchea. Diplomats said in Bangkok yesterday that while India's move was not unexpected as Mrs Gandhi's governmentAFP; Reuter - 444 words
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Article93 1980-07-12 14 AFP UNITED Arab Emirates Oil Minister Mana Said AlOtaiba said in Tokyo yesterday that Arab oilproducing countries will continue to sell oil to the industrialised countries and will refrain from using oil as a weapon to solve the Palestinian problem. But he said ArabAFP - 93 words
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Article316 1980-07-12 14 GUTHRIE Corporation chairman, Mr Mark Gent, said there have been recent purchases of the company's shares by institutions associated with the Malaysian government, according to a report from London. Speaking at the company's annual general meeting recently, he said there is nothing to report on the316 words
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Article281 1980-07-12 14 TOP SCHOLARS in the Singapore Police Force will enjoy better promotion prospects and pay than those in the professional and administrative services, said Mr Chua Sian Chin, Minister for Home Affairs He also said changes in the selection system of senior officers are necessary in order281 words
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Article831 1980-07-12 14 LONDON, Fri. The market closed easier in fairly quiet trading though a little new account buying lifted prices towards the close, dealers said. At 3pm, the FT index was down 15 points at 48.9. Industrial leader» generally Ml between a peony and 3p on profit-taking after the recent831 words
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Page 14 Advertisements
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Advertisement146 1980-07-12 14 Leader...Page I James Capel (Far East) Limited INVESTMENT ADVISER AND DEALER Our Singapore Office has a vacancy for an additional Executive to provide a service on the international stock markets to clients residents in the region, and particularly Singapore and Malaysia. The applicant should be between 25 and 35 years146 words
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Advertisement551 1980-07-12 14 BANCO DO BRASIL S.A. STATEMENT OF THE RESULTS OF THE FISCAL YEAR (Crs thousand) Fiscal Fiscal 1979 1978 CONSOLIDATED STATEMENT OF CONDITION (Including foreign branches) December SI, 1979 ASSETS LIABILITIES CURRENT AND LONGTERM Cash Credit operations Interbank and interdepartmental relations Sundry credits Securities and other holdings Expenses paid in advance551 words
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Page 14 Miscellaneous
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Miscellaneous65 1980-07-12 14 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places from late morning. Report (er 24 hours prior to 7.3# p.m. on July 11 at the airport. Maximum temperature 32.2 Associated humidity 68 Minimum temperature 24.0 Associated humidity 94 Hours of sunshine 10.10 Rainfall in65 words
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