The Business Times, 4 October 1980

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 119/1/8# SATURDAY, OCTOBER 4, IMI 50 CENTS
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  • BRIEFLY...
    • 109 1 THE MANTLE of world leadership must fall, by default, on the Soviet Union the only remaining contender for this post if neither the United States nor non-communist industrial nations allies are willing to accept the role. This was the meassage Mr S. Rajaratnam, Second Deputy Prime Minister
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    • 65 1 Prime Minister Lee Kuan Yew is among the dignitaries who will attend the wedding today of the youngest sister of the Sultan of Brunei, Sir Hassanal Bolkiah, in Bandar Seri Begawan. Princess Amal Jafriah, the only unmarried sister of the Sultan, is marrying the son of Brunei's
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    • 71 1 Reuter LONDON, Fri. Coffee growing countries and Western consumer nations reached formal agreement on an export quota system to stabilise the volatile world coffee market, despite strong objections by African producers. Delegates at an all-night meeting of the International Coffee Organisation, said they agreed by concensus to
      Reuter  -  71 words
    • 68 1 Reuter LONDON, Fri. Dunlop Holdings said it has been told by Goodyield Plaza Sdn Bhd of Malaysia that Goodyield now holds 13.9 million or 10.1 per cent of Dunlop's ordinary shares. A Dunlop spokesman said the company estimates Far East holdings at some 20-26 per cent, though some
      Reuter  -  68 words
    • 83 1 AP WASHINGTON, Fri. The US unemployment rate declined for the second straight month and wholesale prices fell for the first time in 4V2 years, the government said in two reports that reflected an overall improvement in the American economy. The Labour Department said the unemployment rate declined to
      AP  -  83 words
    • 40 1 UPI JERUSALEM, Fri. Prime Minister Menachem Begin denied reports in French newspapers that Israel attacked a nuclear installation in Iraq. "There is not one word of truth in those allusions," he said. "It is a complete invention."
      UPI  -  40 words
    • 62 1 AP NEW YORK, Fri. The stock market moved ahead this morning on word of a surprise decline in the US government's producer price index. The Dow Jones average of 30 industrials rose 2.30 to 944.54 in the first half hour. Gainers outnumbered losers by a 3 to 2
      AP  -  62 words
  • 138 1 Rises Indices M U I 2210 150 Oct 2 Oct 3 M Banking 1430 70 B.T. Indicator: 9980.16 9484.68 Berjuntai 1330 70 Industrials: 609.49 610.31 King! 490 36 Finance: 1127.06 1137.31 Main Rice Pegi Main Malayan Tin 338 850 655 32 30 30 Hotels: Properties: 522.57 492.06
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  • Article, Illustration
    146 1 Rises M U Ind 22.00 A Amal 10.40 Berjuntai 13.60 D Keramat 18.50 M Banking 14.20 Rahman Hyd 16.70 Gopeng Con 42.00 Kamunting 5.20 Kramat 6.00 1.20 1.10 1.00 1.00 .60 .50 .50 .40 .40 Indices Oct 2 Oct 3 B.T.Index: *****.*****88.01 Industrials: 719.77 722.01 Finance: 1062.26 1072.70
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  • 391 1 THE FIVE Amu nstleasl bsdles charged with eMNnglig Mi monitoring iTeneu Investment la their respective eeaatries will meet semetlme before the ead ef the year In Manila te discus ways la which they can hnrmsnlne the Incentives they sffer te petentlal Investors. It Is sndersfsd that at
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  • 506 1  -  By RONNIE LIM, Chief Reporter ASEAN'S impatience over delays by Japan in fulfilling its US$l billion loan pledge to the grouping's first-phase industrial projects surfaced again yesterday. Philippines' deputy industry minister, Mr Edgardo Tordesillas, who attended the Bali economic meeting last week, said at
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  • 189 1 AN ALLOY steel plant may be set up as an Asean complementation project, the chairman of the Asean Technical Committee revealed yesterday on the last of a two-day conference on "Asean Investment in the *****." Asean Iron and Steel Industry Club has compiled a
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  • 434 1  -  By HSUNG BEE HWA LOCAL soft drink manufacturer, Fraser and Neave, will sign an agreement with a businessman in Brunei later this month to establish a plant in the oil-rich state. Mr G. H. Darwin, group operations manager for F and
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  • 286 1 THE See Hoy Chan group (SHC) has made an offer of $2.20 per share for the remaining shares of Singapura Building Society (SBS), after having acquired a 32 per cent interest in the finance company. In an announcement yesterday evening, SHC's board said it had
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  • 208 1 ASEAN governments approved in principle early this week the first industrial complementation package submitted by the Asean private sector. The approval for the automotive com pie mentation package, was given by Asean industry ministers at a meeting in Bali. It will be ratified by
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  • 502 1  -  By ALVIN TAY INTEREST rates in Singapore soared as three major US banks raised their lending rates to their best customers by a hefty one percentage point. This is the second time in as many weeks that Bank of America, Chase Manhattan Bank
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  • Page 1 Advertisements
    • 10 1 Singapore's Business World at your fingertips ...The Straits Times DIRECTORY
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    • 140 1 Go on, get the feel of the New-Look Predators they put more payability into your game any time! L YNX Predator Irons Definitely built for ball control Its compact, classic head design is renowned for its ability to deliver maximum distance, control and accuracy because of its exclustve 10°/o lighter
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    • 71 1 Leader...page I [KMj>j LEISURE TIMES SINGAPORE eu ahnrb rising HOW the stock market perfsrmenergy easts 3 ed Inst meath 11 EEC prnpsses sweeping cede en BROKERS (sreenst n deabttng cerperate caadnct 5 sf Pna El's prsflt 11 INDIA ferges abend in space CAPITAL |Hd« sbeold tnke pregramme.....................»........ I prlsrlty In
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    • 50 1 FOR PEOPLE WHO MATTER when you ask a lot more from life,ask for the best... Old Grand-Dad. Ijead of bourbon family 1 0 4 Tfmk Mm M ft V <Z A r "w v r -> w w*r *0 fc *> *<r HOCK TONG BEE PTE. LTD. 347.Bukit Timah Rd.
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  • TRADE AND INDUSTRY
    • 221 2  -  By RONNIE LIM A JAPANESE manufacturer of food, chemicals and pharmaceuticals, Kyowa Hair ire» Kogyo, will cooperate with Mitsubishi Chemical Industries in investing in a sixth downstream petrochemical plant producing 2-ethyl hexanol under the |2 billion Singapore petrochemical complex currently under construction. The two Japanese companies are expected
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    • 229 2 A NEW range of single side band radio-telephones developed by an Australian company is expected to find a receptive market in Singapore and South-east Asia. The radio-telephones will he exhibited by Amalgamated Telecommunications (Australasia) at the Australian stand at Enex, the electrical and electronic engineering exhibition to be
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    • 192 2 THE Asean Chambers of Commerce and Industry is studying several projects that may be implemented as Joint ventures among member countries. "Instead of waiting for the guidelines on industrial complementation and Asean Joint ventures to be confirmed and approved, we plan to assess each of
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    • 257 2 MORE computer hobby club 6 should be set up in constituencies as an initial step in promoting the public's knowledge of computers. Mr Tan Soo Kong, computer manager of the Marine Parade Hobby Club, said the government's plans to meet the growing demand
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    • 271 2 THE NATIONAL University of Singapore should gear Its computer courses towards industrial application rather than on theoretical matters, said Mr Lim Ban Choon, computer manager of Shell Eastern Petroleum. Close and continuing dialogue among parties involved in computer education such as
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    • 134 2 TIMES Publishing Is embarking on a major development which will further streamline operations and improve corporate information. A major project to be undertaken will be an on-line classified advertisement system. The entire system is expected to be operational around the later part of next year. The system
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    • 163 2 DRESDNER Bank has promoted Mr Tu Kak Ngan senior manager of its Singapore branch. He shares the management of the Singapore branch with Mr Franz Schrott, senior manager. Mr Tan Joined the bank's Singapore branch as manager money and foreign exchange shortly after the bank opened its
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  • Page 2 Advertisements
    • 150 2 Can one man's greed upset the balance of world power? 3 0 v: V c. r PL n li <2 0 a P z o Morgan Khoo, an obese Chinese tycoon addicted to ice-cream and youthful flesh, masterminds a daring scheme to make himself even more millions Firsti capture the
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  • REGIONAL
    • 228 3 Reuter SOVIET President Leonid Brezhnev's failure to attend a dinner to be given in his honour in Moscow on Thursday night by visiting Indian President Sanjiva Reddy was a deliberate insult to India, an Indian opposition leader said. Diplomats in Moscow said Indian
      Reuter  -  228 words
    • 97 3 Reuter A NATURALISED American Filipino seriously injured when a bomb exploded in his dormitory room in Manila last month is being" investigated for subversion and illegal possession of explosives, police said. They said a criminal case against Philippine-born Victor Burns Lovely, a 35-year-old resident of Los Angeles, California,
      Reuter  -  97 words
    • 739 3 "SINGAPORE'S internal restructuring as a high-skill-ed, high value-added economy will serve it well in coping with ever-increasing energy costs anticipated in the 80s," said Bank of America's Singapore branch manager, Candido Banducci on issuing the bank's and global economic report 1981. "Its emphasis on
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    • 470 3 AFP THE first week of the campaign for the Oct 18 Australian general election has ended with the economy becoming the dominant issue and, surprisingly, the government in some difficulty over it. What was thought of as a lacklustre campaign that would see Prime
      AFP  -  470 words
    • Article, Illustration
      456 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Berd Dcari (0700) 19 ulder m (after Equator II) 22 Gallang Pioneer (after Sargodha Must vacate 0530/ 6th) 1/2 King Tower (0600) 23 Lumut (1400) 20 East Nedlloyd Steenkerk (after Nedlloyd Korea) 3/4 Nedlloyd Nagasaki (after Prima King) 8/9 President Jackson (after
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    • 229 3 UPI PRIME Minister Zenko Suzuki, in his first major policy address to the Japanese Parliament, said yesterday his administration will substantially reduce dependence on oil and strengthen ties with the United States. The prime minister called Japanese relations with the Soviet Union "extremely
      UPI  -  229 words
    • 315 3 Reuter VIETNAM disclosed on Thursday it had proposed to Thailand an agreement intended as a substitute for a demilitarised zone which was unacceptable to Bangkok. Vietnamese Foreign Minister Nguyen Co Thach was giving details at a press conference of talks he held at the
      Reuter  -  315 words
    • 214 3 AFP CHINA and Britain will join forces to stem the How of illegal Chinese immigrants into Hongkong following talks in London between British officials and Chinese Foreign Minister Huang Hua (above), observers said on Thursday. Mr Huang, in London for a two-day
      AFP  -  214 words
    • 324 3 CHINA regards technology transfer a prequisite for any joint venture as technological skills are still low in the country. China's Vice-minister in charge of the Foreign Investment Commission, Mr Jiang Zemin, has said that foreign investments, particularly from industrialised countries, bring advanced technology. "China badly
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    • THE REGION IN BRIEF
      • 485 3 Agencies SOUTH Korean President Chun Doo-Hwan urged North Korea to resume unification talks to help ease tension on the Korean peninsula. Chun made the call in an address at a ceremony in Seoul marking the 4,312 nd anniversary of the mythical founding of Korea, a national holiday.
        Agencies  -  485 words
  • Page 3 Advertisements
    • 259 3 No mystique in this magnificent investment A good Oriental carpet has a charisma which derives from an aesthetic fusion of design, artistry, technical construction, durability, symbolism, history and age. The better the carpet the more powerful the charisma, and additional factors come into play such as rarity, intellectual clarity condition.
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  • RAW MATERIALS
    • 175 4 CHINEBE Produce Exchange, Sisgapsre, clwtig prices per lMkg yesterday: Cicwl ail: Bulk fob 120.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $136.50 sellers. C«fn: Mixed (loose) $72.00 buyers. Pepper: Muntok white pepper fob Asta NLW $430.00 sellers, Sarawak white pepper faq fob
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    • 195 4 CHICAGO soybean futures on Thursday closed on or near day's lows, down 22Vi to 14 Vi US cents a bushel in active trade. Aggressive local and widespread commissionhouse liquidation dropped values to new day's lows, with technical selling aiding the decline. However, prices received support numerous times in late
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    • 132 4 THE MALAYSIAN palm oil market yesterday ruled slightly easier despite some late buying support, dealers said. Trading was moderate towards the close with October unchanged at MJ665 a tonne in the Central and Southern regions while November eased $5 to $675 in the Central region. C.I.F. North European
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    • 147 4 WHEAT futures in Chicago on Thursday closed to 11 Vt US cents a bushel lower in revived trade. Prices settied around the bottom of a nine-cent range. Local and commissionhouse liquidation on carryover harvest pressure from corn and soybeans weighed on values all day. Sell-stops were touched off at
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattaa yan: China Blue Phoenix 20b 2,090; 32s 2,(80, 40s 2.8» (per bale of 400 lbs). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 250 4 RUBBER experienced an easier week as prices slipped consistently each day to lose BVi cents on balance, says HsUday, Cutler, Bath A in its review of the Singapore and Malaysian rubber markets for the period Sep 25 to Oct 2. Triggering the
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    • 330 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.08, 100 per cent second class 0.96, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.72, Special 0.68.
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    • 290 4 AFTER a slightly firmer opening, the Singapore rubber market yesterday turned very quiet before rising towards the morning close on some weekend covering interest. The morning session finished higher with October One RSS buyers quoted at 296.50 cents a kilo, up two cents from Thursday's close. Prices lost about
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    • 333 4 RA8 prices in cents per kilo yesterday: Noon (per kilo) BIDVS 9BBM Int. X R.S.S. prompt f.o.b. 293.30 294.50N Int. 1R-S-S October 294.50 2»7.00 Int. 1 R.S.S. November 302.00 302.50 Int. 2 R-S.S 20.50 284 SDN UK/Coot 282.50 283.50N Int. 3 RSS 280.50 281 JON UK/Coot ***** 280JON
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    • 104 4 NOON 881 •ad SMR pnam y* unlay IAI OateJ Mr Null bar B Brr Mtk) (Forwar Mtk) •Iton SSR 20 (1-too palbt) 269 00 261 00N Diy*n o 200.00 263.00N 8SR80 (14m palbt) 266 00 2U.00N 287.00 288 00N MKELB SMRCV (1-toa palbt) 281 00 283 00N
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    • 39 4 Rubber: Oct 3 Singapore: Oct: 297.50 cents (up 1.00 cent) Malaysia: Oct: 302.00 cents (up 2.50 cents) Tin: M 52,139 (down $8) (equivalent to $35.37 per kilo) (down 13 cents) Official offering: 105 tonnes (down 29 tonnes)
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    • 65 4 THE BTRAITO tti price la MSmt *STtILr?»IS» n Mtw the latcraattoaaJ 11a Agreemeat eeiltag. (MHtai were farther iepnand kj Ike eeattaaed tall ea the Liblii Metal lack «f UMhg trem m)m eeatree, icakn nil Smaller predaettea ef Tetal taraever fell to IK teases tram IS4 teaaee ea Hmraday
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    • 699 4 COfTEE: Robusta futures yesterday closed the morning mixed, up £49 a tonne from Thursday in near months to £10 down in distances. Turnover was 2,518 lots including 10 options. November finished the morning with the biggest gain at £1,096 after trading earlier at a low of £1,060. July
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  • ASIAN STOCKS
    • 688 4 TOKYO ALTHOUGH the high-priced home electrical appliances, which had been paying the most leading role in the market, receded, the market* itself went further ahead yesterday to post another historical high. The stocks marching in the forefront were the large-capitalised issues, or more precisely the
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    • 307 4 THE MARKET opened weak yesterday in response to continued prime rate increases in the US. It then drifted upwards (or the rest of the morning on low volume, finishing 3.62 points lower. The afternoon session was strong across the board as the market finished discounting today's expected interest rate
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    • 323 4 PEKO Wallsend and BHP took the spotlight in otherwise mixed and hesitant trading yesterday, dealers said. Peko rose AJI to a record $12.70 as traders continued to buy into, the company's stake in the Qieenaland coal-to-oil project. BHP, which increased its interim payment, led industrials with a 30-cent rise
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    • 240 4 STOCK prices closed lower in the absence of buying support yesterday, dealers said. Bangkok Bank fell four baht to 264, First Trust 0.50 to 50.25, Jalaprathan Cement two to 103 and Siam Cement two to 250 baht. OCT 03 Bah 15. Asia Credit Asia Fibre 110 -1 Ayuthaya In*
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    • 156 4 STOCKS closed yesterday easier with commercial/ industrial, oils and mining's all closing down. Turnover fell from Thursday's 2.7 million to 1.2 million pesos. Among the few gainers were Philex B, Phil Overseas and Podco B while losers included Apex Mining B, basic Petroleum, Anglo Phil, Seafront and Ist Phil
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    • 53 4 FINANCIAL TIMES INDUSTRIALS Thursday 478.7 Wednesday 483-2 Week Ago 484 4 DOW JONE8 AVERAGE INDUSTRIALS Thursday SHZ24 Wednesday 938 42 Week Ago «56.97 HJLHANG 8ENG Friday 1236.16 Thursday 1243-87 Week Ago... 1261.76 SYDNEY INDUSTRIALS Friday 733.88 Thursday 732.70 Week Ago 734.06 ALL ORDINARIE8 Friday 997 JO Thursday *****
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  • Page 4 Advertisements
    • 66 4 ts y «a <~ •a "V i\/^ v Debate 3 boUt tne w re^ecx V \exoaroe^e r \ostab» bac^9 ro^ o< 9 wba T pEOPI- o0 out«o ,N THE ac wa> s» tIS,,CS sSr-s—- a d r handle N/»etna be return to w eX ,sts. ioNAt6£S W: no* aV# I
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  • OVERSEAS
    • 365 5 Reuter UNEMPLOYMENT in western industrial countries is likely to remain at a high level in the foreseeable future even if economic growth picks up again, the intelligence unit of the Economist magazine forecast on Thursday. "Barring some totally unforeseeable and apparently highly improbable
      Reuter  -  365 words
    • 165 5 Reuter BRITAIN'S opposition Labour Party yesterday voted to commit itself to unilateral nuclear disarmament, and decided to hold a special conference in January to resolve the hotly disputed issue of how to elect its next leader. The party's annual conference, giving another victory to its left
      Reuter  -  165 words
    • 45 5 AP ARNALDO Forlani, 54, president of the dominant Christian Democrat Party, waves and smiles as he leaves the Qnirinale Palace where he was summoned by Italian President Sandro Pertfari on llarsday. Forlani was asked to form Italy's 49th post-war government. AP
      AP  -  45 words
    • WORLD IN BRIEF
      • 457 5 Agencies THE US House of Representatives has expelled one its members for the first time since the American Civil War. Congressmen voted 376-30 on Thursday to turn out Michael 'Ozzie' Myers, a former dock worker convicted of taking a US$5O,OOO bribe to influence legislation. Mr Myers, 37, a
        Agencies  -  457 words
    • 794 5 ARRIVALS Service Local Operator Nam be r Time From MAS MH601 0700 KUL FT FT71 0710 JFK/ORD/KUL SIA/BA SQ/BA17 0715 LHR/BAH SIA SQ101 0815 KUL MAS MH621 0635 PEN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710
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    • 309 5 UPI CHANCELLOR Helmut Schmidt and his conservative election challenger, Franz-Josef Strauss, clashed on Thursday in a nationally televised debate over foreign policy, the fight against terrorism and the level of state indebtedness. But their duel, in the last face-to-face confrontation before Sunday's election, contained
      UPI  -  309 words
    • 212 5 UPI PRESIDENT Carter still thinks be made the right decisions in the Billy Carter affair and disagrees with conclusions of the Senate panel that investigated the matter, the White House said on Thursday. "No wrongdoing was found by the subcommittee," the White House said. However,
      UPI  -  212 words
    • 248 5 Reuter PRESIDENT Carter ea Tharsday criticised the Federal Reserve Beard, Ike US eeatral bask, fsr what he called Its 111-ad-vised aetieas la driving ap Interest rates te eeaater aa I sfls titarn eversappiy sI ■way. The President, m a campaign tear a meath hefere
      Reuter  -  248 words
    • 372 5 AP THE European Common Market proposed a sweeping code of corporate conduct on Thursday to big companies more responsive to their workers. The directive, if approved by member governments, would require companies to make regular reports to employees on corporate decisions affecting their livelihood, Job
      AP  -  372 words
    • 467 5 AP CANADIAN Prime Minister Pierre Elliott Trudeau announced sweeping constitutional reform proposals on Thursday that he said will assure all Canadians fundamental human and language rights for the first time in their 113-year history. "It's a beginning," Mr Trudeau said in a nationally televised news conference
      AP  -  467 words
    • 156 5 AFP THE European Common Market's trade deficit with Japan could reach US$B,OOO million this year, compared with $7,000 million in 1979, Wilhelm Haferkamp, European Commissioner (or External Relations, said in Brussels on Thursday. Mr Haferkamp, who was speaking to the Belgian-Luxembourg-West German Chamber of Commerce, considered that
      AFP  -  156 words
  • Page 5 Advertisements

  • 461 6 AFTER THREE years of unsuccessfully trying to prise out of the Japanese any of the US$l billion pledged to Asean by former Prime Minister Takeo Fukuda, Asean countries have finally made the necessary decision to seek funds more widely. There is no doubting the sincerity
    461 words
  • 227 6 THERE IS no sight so dismal as a shattered idol. The world today will be quick to shower its displeasure on the once mighty frame of Mohammed Ali. Showing mere traces of his once mystic athleticism, the former champion bowed out in what must be
    227 words
  • 881 6 Six years after successfully exploding a nuclear device India developed a space launch vehicle. The SLV-3 was the brainchild of the Indian Space Research Organisation which was set up only in 1972. Components were bought from at least 20 countries but the major
    FT  -  881 words
  • 960 6  -  By CHRIS CATLIN Reuter FOR West Germany's 42 million voters who go to the polls tomorrow personalities rather than policies appear likely to determine the outcome of the country's ninth election since World War n. The choice is between Chancellor Helmut Schmidt
    Reuter  -  960 words
  • Page 6 Advertisements
    • 105 6 Mandarin by Radio VOLUME 2 Lessons 11-20 NOW AVAILA The "Mandarin By Radio" Series currently broadcast J over SBC and published in 5 the Straits Times Bilingual m Page, is now available ofi;S cassette with ajj comprehensive book to gukftjj 't r ft mandarin by racho USSOVSII 20 mm in
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  • Page 6 Miscellaneous
    • 1444 6 Lad comes to the rescue THE mldalght mevle mm to ke very pur tore with tto clicked story-ttae whleh aeeds geed act tag er spertacator stage etfeets to p«ll It thrangh. Cturtie ef Eril l> akwt a graap af praapeetlve heirs Vlrgtato May* and High Marie we. "aapreeedeated herrar" when
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  • 1426 7  -  By PHILIP TAUBMAN NYT THE SENATE Select Committee on Intelligence has been trying to separate the truth from the rumours in a case that developed in that twilight world in Washington where intelligence, politics and journalism intersect. Acting at the request of two committee
    NYT  -  1,426 words
  • 442 7 NYT THE editors of Counterspy, a magazine that advocates the abolition of the Central Intelligence Agency, have charged that a former New York Times reporter helped the CIA overthrow the government of Iran in 1963 while working for the paper. At a news conference in Washington, the
    NYT  -  442 words
  • 1089 7  -  By NICOLA SMITH FT IN Ireland, the Sweeps Derby and the Grand National are guaranteed to bring the country to a breathless standstill every year. Bettinq turnover is high (1£1.25 million last year) and the total prize money for this year stands, says the Racing Board,
    FT  -  1,089 words
  • 879 7  -  FORUM with ANTHONY LEWIS NYT Iry m- THE HORROR of the holoid- caust has always gone ter deeper than the pathology m. of Nazi leaders or their as malignant doctrine. The he unbearable truth is that «c- large numbers of seemingLA ly ordinary people
    NYT  -  879 words
  • Page 7 Advertisements
    • 258 7 Iff®® 11 An understanding of the Chinese language is an important step towards an understanding of the Chinese themselves. About Chinese is the classic book on the Chinese language which gives a unique account of its history, structure, sounds, scripts, morphology reforms and present state. Available at all good bookshops.
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  • Page 7 Miscellaneous
    • 63 7 <•11; Rristcw: FmnkDicteas 3 :3~-j l,v v V viunc:- :s v ;y...:r: v^-1 n is CMesrtc Pecßy mi«?*Ci£. Of moDePfsj coMSi«?oc"noM ip-Q aOi w Ji-r ir*C£ii:.sr ai iy'M P «?u l?fJ£J :r ir £3g2 3= TTM 3* ■ttrw =iar *jg»« iHfrirfisa^ii m IH JU 'I ."3>•aci sA'cta iar>] ravjsaa >t3ii
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 283 8 OCT 02 Frs CORBEILLE Air-Liquide 465 6 B S N Gervais Danone 1025 10 C S F (ThomsonC'sf 480 -6 O Francaise des Petroles 228 80 0.8 Compagnie Kinanciere Compagnie Generate 366 4 Credit Foncier L>e France 431 unch Hachette (Librairie) 294 40 -36 Machines Bull 54 -02 Michelin
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      • 159 8 CUT 02 Us ABN 303 00 -4 -05 20 50 0.1 AMKV 88 10 -09 ***** -05 64 90 -0 7 b#*r*<»ss 34 00 •1 62 00 Hols 55 20 -0 5 230 50 -25 45 50 25 20 -0 1 CaUr Drill 164 00 -15 iw-li MIJ 68
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      • 223 8 OCT 02 Dm Aeg-Telefunken 84 50 02 Akzo 19 10 ♦0 1 Allz Leben 1050 00 Allz Vers 150 00 4 BASF 131 40 Li Bay H T Wbank 255.50 Bay Vbank 30(50 0 5 Bayer 112 MB BB< 294 50 .J BMW 167 00 2 Cassella 326 00
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      • 95 8 OCT 02 Frs FORWARD MARKET ACfC 303 unch Arbed 1300 30 Astur 406 2 Brascan 896 26 Bru-Lamb 1090 4-14 Canpac 1192 4 12 Cock 194 De Beers 362 -1 Ebes 1800 -15 Electrobel 5445 •56 Gb-Inno-Bm 2250 -20 Ci+ w 1250 -2 Hobok 2650 50 P»tro 4990 -30
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      • 183 8 OCT 02 Francs Actions Suiurs 296 unch Alusuisse Br 1275 -15 Alusuisse R*f. 463 Brown Boveri Br 1675 5 Oba Gelgy Br. 1060 -10 C'lba Oflgy p C MO unch Clba Gelgy Reg 568 unch Credit Suisse Br 2540 10 Credit Suisse Reg 428 J Elektrowatt Br 2510 -30
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      • 105 8 OCT 02 Lire Anir 9 1 5 unch Assoc Gen ***** 1400 Baslogi 62U +s Central* ***** 899 Flat 2090 29 Finslder 83 -6.25 Gen Immob 2296 45 in Pri 2860 10 I la Ice menli ***** 1390 lui|u 1350 -7 ltalsider 337 -3 Magneti M PI 515 15
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      • 198 8 OCT 02 CS AbltltH 22 i Alran 42 .i. Algoma 35 1 Bank Monl 28 Bank Nova Sroua 31'. unch Bell Tel 18 Beth Corp BP Can Ltd 44'< Brasran 36 Camp Red Lake as •l'i Can Imp Bk 28 Canpae K Can par lnv Pf 19 Carting OKeefe
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      • 306 8 oct <a Rand INDUSTRIALS A Alpha 39S *5 Abercom 387 -J AE And CI 900 unrh AMIC 1525 unch Barlows 1225 >25 C'g Sugar 1650 -50 CNA 610 Curne Einancr 250 unch L> Bet-rs lnd Edron 825 unci) Edgars 87 SOB Eveready Eed Voik soo ♦10 Eugit 235 Ciardian
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  • Page 8 Advertisements
    • 233 8 Where to wine, dine and entertain Snacks for your island treks l c k m* Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p Saturday, Sunday Public Holidays B.oda.m. —6.00 p.m. A Dolphin Snack
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    • 105 8 FISH HEAD 1 CURRY AT THE ISLANDER an o;a incl'ar r ecre. Simme r ea .vt h scices a" a a 'ouch of Hyat* ~a y Lunch a' the Islander. S2O per orae r Hyatt Regency©Singapore rl r V Experience the Bar-B-Q at ORCHID INN <*?$* It's something not to
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    • 101 8 See Page 9 for NYSE prices and Page 4 for Asian stocks The Great Family Do-ltAtxirself Barbecue t \i an A Merlin Gril Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before. Only at the Singapore Merlin. Lunch from 12 noon
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    • 109 8 Inn Of Happiness w. m Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. MM HMON INTERNATIONAL SINGAPORE ,> I i
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    • 223 8 Lunch at the I »7 Date: 4th Oct. 1980 (Boutique) Hairdo «*rtn REVUE a f (LMlntr handbags) NGAITOONCO PRIVATE LIMITED (Leafier Handbags) k Models ELSA YEO MODEL AGENCY Coordinator IVOR ISAAC Lunch and fashion every Tuesday and Saturday. Showtime: 1.15 pm. tQCKpIt MOtel Ox ley Rea*>«nang Road Singapore 0923 lei:
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  • BANKING AND FINANCE
    • 287 9 SINGAPORE gold futures yesterday closed lower compared with overnight levels after fluctuating marginally throughout the day in moderate trading. Total sales for the day was recorded at 223 lots with interest mainly centred on December, February and April contracts. December closed weaker at *****86.30/70 an ounce against $891.00/692.50 on
      287 words
    • 153 9 THE US dollar for overnight delivery yesterday closed weaker at 207.60 yen, connpared with a 208.40 opening and 206.20 at Thursday's close, despite central bank intervention, dealers said. Trading was active and heavy with volume US$l.l9 billion. The Bank of Japan bought an estimated $150 million at between 208.30
      153 words
    • 46 9 ZURICH exchanges closing quotes on Oct 2: US 1.6435/6445 Stg 3.9213/9253 Can 1.4008/4022 DMk-90.7776/8579 D F1 83.5986/6835 F Fr 39.1521/1899 B Ft 5 6566 6629 DKr-29.4140/4371 NKr-33.7813/8123 S Kr 39.4717/5100 Lit 0.1908 1910 Aus sch 12.8247/8425 Port 3.2745/2896 Spain 2.2238 2266 Arg 0.0800/0900 Yen 0.7869/7919
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    • 481 9 THE US dollar strengthened against most major currencies yesterday except the yen on announcements of higher US prime lending rates and an increase in Saudi Arabia's oil production. Negatively affected, however, in the yen counter, the US dollar slipped all the way from an opening of 208.20/40 to
      481 words
    • 297 9 THE YEN firmed at yesterday's opening to 206.80/ 207.00 against the US dollar from 207.95/208.15 (Thursday's close) and 208.40/60 (New York). Dealers said with other currencies quiet, foreign investors have been attracted to the yen, particularly with the situation in Iran and Iraq turning quiet. The recently improved Japanese
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    • 46 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 6 to 10: Offered: $25,000,000 Applied for: $68,500,000. Allotted: $25,000,000. Accepted bids: $96.21 and higher bids in full. Average rate of discount en allstxneat: 7.145 per cent per annum.
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    • 22 9 THE average rate at' ■which major Singapore banks are currently prepared to lend to their best customers is 11.7 per cent.
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    • 170 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Oct 3: U8NMM) Offer Bid 7 days 13 V. 13H 1 month 14 3/16 141/16 2 months 13H 13* 3 months 1313/*****1/16 6 months 1313/*****1/16 0 months 13* 13H 12 months 13S/16 137/16 8w.fr*. Dm. IU1XIU 1 month 3
      170 words
    • 42 9 RANGE of prices offered by discount house* on Oct >: Overnight: TVi* Call deposits: to 7W% Closing Baying Sslling 3-month Treasury bills 7 V. 7W 3-month Bank bills 12 UH 3 months CD 1113/*****1/10 6 months CD 1113/*****1/1« Source: National Discount Co
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    • 217 9 THE ENTRY of European dealers into trading here yesterday reversed the dollar strength seen earlier in the day, dealers said. In steady trading, the US unit weakened to 1.8112/17 marks from the opening here of 1.8120/30 and compared with the New York close on Thursday of 1.8135/ 40. Dealers
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    • 1262 9 NEW YORK THE NEW YORK stock market on Thursday edged higher in heavy trading in spite of another rise in the prime rate as the oil group continued to provide much of the motive power. Citibank raised its prime rate to 14 per cent from
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    • 313 9 NYT CITIBANK, the second-larg-est bank in the US after the Bank of America, raised its prime interest rate on Thursday a full percentage point, to 14 per cent. Following credit-tighten-ing moves by the Federal Reserve Board, most of the country's major banks
      NYT  -  313 words
    • 173 9 INDUSTRIAL and Commercial Bank (ICB) is offering one of the highest rates of interest on savings deposits. Effective from Oct 2, ICB's savings rate has gone up to 10 per cent per annum from 9.5 per cent. Other deposit rates have also been adjusted upwards by 0.5 percentage
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    • 635 9  -  By RUTH CHENG IF IT were not for Banque Bruxelles Lambert (BBL), Singapore would have lost the services of an experienced banker to Kuwait. A prime mover of the Asian dollar market, Mr A Heerding Joined BBL on Oct 1 to be the general manager of the offshore
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    • 260 9 MERCHANT banks in Malaysia are making more profits than their counterparts in Singapore, Aseambankers' managing director Mr Izham Mahmud said yesterday. He said this is despite the fact that unlike those in Singapore, Malaysian merchant banks are not allowed to do foreign exchange
      260 words
    • 240 9 Reuter A CABINET order and ministerial regulations are being prepared to enforce Japan's amended foreign exchange and foreign trade control law, probably from early December, the Japanese finance ministry said. The amended law, liberalising foreign exchange and foreign trade transactions in principle, and limiting controls
      Reuter  -  240 words
  • Page 9 Advertisements
    • 349 9 The LIFE Library Of Photography helps you to see great picture possibilities -all around you... m r r 1 *T»f! f ■s The Life Library Of Photography Each volume measures 10'/* x TO'/* inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations,
      349 words

  • 1345 10 BID and offer price* officially MaOed and badmm in and re-' f*t»d to the Stock Exchange ft Singapore yesterday with the number of shares traded shown in brackets in lots of MOO units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Am* (MOB)
    1,345 words
  • 151 10 TIN OT OOMMTAW ■WtfjjBDW tavOe 14) Union Spore Fund*" ihtoa U5H The Commerce The Savlngi Fund 2. SI LB J.04 1-M INOOMBBON w (teMiprt Income Bond D UNIT S'pare Prof Fund urn 1.30xd US laaa) 1-30 S*pore Sac. Fund LM Ul S'pare Invest Fund 1.07 LIS maba mhqj
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  • 2656 10 IMO h Low Coapujr Last Sale +orGr*s Div DW Crr Gr'r YTd Net P/K Vol Day (*000) Higk Low 8ECTION ONE INDUSTRIAL COMMERCIAL 372 270 140 170 402 04 352 500 406 540 245 220 110 138 270 80 275 246* 187 286 Aetna Alcorn Allied Choc
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  • 1587 10 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number at share* I traded shown in brackets in lots of 1,000 units, unless otherwise specified. mnuHBiALS (14«) Mm Ml (1.458) Bato (4.008) Bm (0.7B) (15) 0.70
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  • 111 10 NORTH Bines Timbers has confirmed that Mr Akbar Hydarl is still a director of the company, but has only resigned as chairman. The new chairman is Mr Sam Manekshaw. KHONG Gsas PImt Milllag's bonus issue of one-for-five, capitalising $1.5 million, will be made from the share premium account.
    111 words
  • LATEST RESULTS
    • 31 10 pre-tax profits for the full year to June lffO Improved to $4.79 million from 14.01 mnnnw the previous year. Turnover amounted to fß.ll mtwwi compared with $22.21 million previously.
      31 words
  • 663 10 SHARE prim timed barely steady at stock market ynteriaj kit aged to attract geed detap pertermer taiartrieo M with a aeßd SIM advaaee to $12.11. la the meaattme, Malayria Ktee aad Seatk Emt Aria Lamker Armed S aad II eeato each to etoee at
    663 words
  • 601 10 SHARE prices fluctuated to close on a mixed to slightly steadier note at the Kuala Lumpur stock market yesterday. Trading was slightly cautious. Most issues continued to recover from their recent mauling by the bears but their advance was checked by profit-taking at the higher levels.
    601 words

  • COMPANY NEWS
    • 496 11  -  By LEE YOKE MENG THE UNITED Overseas Bank's one-for-five rights issue will lend considerable gearing support to the bank's increasing scale of activities in Singapore and abroad. The bank announced in August that it will issue 42,517,550 new ordinary shares of $1 each at a price
      496 words
    • 384 11 MALAYSIAN property developer Bandar Raya Developments has assured shareholders of at least a 25 per cent growth in profits this year. It forecast group pre-tax profit of not less than $91.15 million for the year to Dec 31, which means that the 10 per cent dividend paid
      384 words
    • 696 11 Current Payment Ex Date Boohs Close Date Total for Total for Payable the year Previous year Alcoa Apollo Antral Anal Ayer Hitam Rubber B Katil Beata Carls berg Central Propertiea Com Plant Dunlop Estate* Ounlop ltd E A I Eaao Ord Eito Pref Faber Merlin Fed Cables Gentings
      696 words
    • 38 11 Current Ex Books Date Total for Total for Payment Date Cloae Payable the year Previous year Harim au Loan 7HI Oct 9 Oct 18 Oct 31 7* UOL Loan 9% Oct 16 Oct 24 Oct 31 9%
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    • 224 11 Company Particulars Ex Date Books Close K Gum Flour Bonus issue of 1 for 5 NYA NYA Khong Gnu Htdfi Bonus issue of 3 for 5 Oct 1 Oct 11 M u i Bonus Issue of 1 for 1 Oct 8 Oct 21 Nuyu| Sialic p i Rights
      224 words
    • 891 11 SWIRE Pacific Ltd of Hongkong is looking to its property interests to maintain profits in the current year. Last month, the company announced a 50.9 per cent drop in first half net profits to HK587.20 million, but company chairman John Bremridge said in
      891 words
    • 931 11 .TIB MOITH "THAT WAS SEPTEMBER 1980 may well remain a historic landmark in the records of the Singapore stock market for that was the month the peak achieved in the heyday of 1973 was finally surpassed. After nearly five months of consistent advance, the Straits Times
      931 words
    • 819 11 r Market Talk... l A AFTER four years of uninspiring performances, things are finally looking up for Pan-Electric Industries Ltd. The group, which handles shipbuilding and repairing, salvaging, engineering, electronics and mmalji development, is now expected to turn in substantially higher profits for
      819 words
  • Page 11 Advertisements
    • 435 11 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Off Directory 1980-41 (Third adltion) 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
      435 words

  • 120 12 Reuter INDONESIA has no immediate plans to raise its oil production to meet any shortfall caused by the conflict between Iran and Iraq, a spokesman for the state-owned Pertamina oil oompany said yesterday. Commenting on Japanese reports that five countries, including Indonesia, had agreed
    Reuter  -  120 words
  • 354 12 Reuter BOTH Iran and Iraq reported heavy fighting for the Iranian cargo port of Khorramshahr yesterday and Teheran claimed that Iraqi forces had withdrawn from the city. The official Iranian Pars news agency reported that Iraqi forces had retreated following heavy overnight fighting and left several
    Reuter  -  354 words
  • 793 12 LONDON, Fri. Share prices closed mixed in quiet trading with no fresh factors to affect the market. At 3.00 pm the Financial Times index was unchanged on the day at 478.7. Leaders were mainly a penny to 4p either side of overnight levels though Tate and Tube Investments
    793 words
  • 213 12 THE Minister for Trade and Industry, Mr Goh Chok Tong, yesterday suggested three ways to increase trade within Asean. Mr Goh, opening the Asean Trade Fair at the World Trade Centre, said one way is for Asean exporters to intensify their efforts to
    213 words
  • 28 12 THE new retail price of sugar is $1.35 per kilogramme and not $1.20 as headlined in Business Times yesterday. The wrong figure is the old price.
    28 words
  • 592 12 ASEAN'S highest priority area for investment is in the production of capital goods. The region may face enormous foreign exchange difficulties in the future unless it goes into a deliberate programme of capital goods production. This is because the share of all developing
    592 words
  • 322 12 SISIR is finalising plans to move to the Science and Technology Park to service research and high technology industries which the government hopes to attract. A Sisir official said no date for the move has been fixed yet as the Sisir building at the
    322 words
  • 94 12 UPI A JOINT four-nation air defence exercise will be conducted next week over Malaysia and Singapore. The exercise, beginning on Monday, is part of the regular integrated air defence activities of the fivepower defence pact of former British colonies. The pact, grouping Australia, New Zealand, Malaysia, Singapore
    UPI  -  94 words
  • Page 12 Advertisements
    • 276 12 Modern, <CHCLOfIpX MYWORLDOF KNOWLEDGE *Ah\9 ■J ?#j« a 4 d 'J M A 2 mat n t i mil t* ££ZZ. b 2±£92 dcm people. c*oco% arw an Our World in Colour An informative book for young children about people, places and animals. My World of Knowledge All-colour Picture Encyclopedia
      276 words
  • Page 12 Miscellaneous
    • 67 12 WEATHER! .^j Outlook for Singapore from 6 a.m. to 1 p.m. today: Thundery showers in several places from late morning. Report tor 24 boors prier to 7.31 p.m. m October 3 »t the airport. Maximum temperature 29.7 Associated humidity 76 Minimum temperature 25.0 Associated humidity 93 Hours of sunshine 1.70
      67 words

  • LEISURE TIMES
    • 119 13 CHECK your times participants in Buainaaa Timet 4th anniversary golf championships. THE EXECUTIVE jogger the important thing is to make a start. PEEBLE, in this and later iasues of Leisure Times, will try, persistently, to convince all executives to put on their running shoes. FORTHCOMING jogging marathons,
      119 words
    • 266 13 AN ANTIQUE used to be an object whose value partly depended on its age. But eager auctioneers on both sides of the Atlantic, having squeezed the market for the truly ancient, are now prepared to confer the antique label on almost anything made
      266 words
    • 783 13 Our motoring correspondent, HERMES, was whisked off to Hongkong last weekend to take a ride in the Laser the baby of a Ford/Mazda's joint venture. He gives his impressions. IT MUST have been the longest journey that I have ever undertaken for one
      783 words
    • 806 13  -  It was difficult trying to stop gazing admirably at the glazed pottery exhibited at the Goodwood Hotel. So enchanting and delightful was the Villeroy Boch collection that LEE YOKE MENG had to admit she couldn't stop marvelling, even after the end of her visit, over the European history
      806 words
    • 358 14 BUSINESS TIMES catabrataa its fourth annivarsary with a with thi first flight of two. Qolfois srs rtnmilxJ to b« P«nctusi and to roport to tho startar 10 minutaa bafora tha «••-off timaa. Apart from tha noaraat tha pin prizaa at th« par 3 9th, 11th and 14th
      358 words
    • 689 14  -  THE EXECUTIVE JOGGER By PEEBLE "WHAT'S so great about running?" Most runners and joggers are asked that question frequently. Many try to answer: "It's healthy." Or, "I feel good when I run." Usually the questioner remains unimpressed. He might reply that spinach is healthy and he will
      689 words
    • 290 14 TODAY GOLF: J wrong. The third round of the Jurong Country Club championship, the second rounds of the Intermediate and the Crocodile Cups will be played. SICC. The 'A' monthly medal stableford competition will be played at the New course, the 'B' medal at the Bukit, the
      290 words
    • 719 14  -  By CHARMAINE CHAN YOU WILL HAVE to wait two months and three days before the Jogging Association of Singapore's Marathon Jog takes place. But, on that same day, Dec 7, another jogging competition the Honolulu Marathon will be held, in Hawaii
      719 words
    • 795 14  -  By PETER WONG AFTER more than 10 hours in the office, my body, soul and mind were about to disintegrate. I was totally drained but I did not surrender myself to the bed. I had more important things to do. I was to meet that famous
      795 words
    • 483 14  -  By HYPERION WITH close on 40 horses entered for next weekend's Gold Cup there will be fierce competition among the top-flight animals this weekend at Bukit Timah. There will also be lots of disappointments for the connections of those who fail to get a berth
      483 words
    • 144 14 THE AUSTRIANS are coming to Singapore to help 'hold up your ego'. Or perhaps we should say 'tighten your belt'. Belts are part of the wide collection of fashionable goods which the will be featured at Austria Style *81. That stunning George Rech outfit hangtng»in your
      144 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 647 13 WHAT WHERE CONCERTS AT THE DBS Auditorium today at 11am and 2.30pm is the presentation of The Dark Docks Caaeert fer Children. Organised by Hakusui Group, Beauty Gems (Singapore) and the Young Musicians Society. MIME SHOW AT THE DBS Auditorium on Tuesday, at 8.30pm, is the National Theatre Trust's and
      647 words