The Business Times, 29 November 1980
1980-11-29
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The Business Times
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Title Section11 1980-11-29 1 BUSINESS TIMES M.C.(P) No. 111/1/8# SATURDAY, NOVEMBER 2», IsBs 50 CENTS11 words
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BRIEFLY...
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Article100 1980-11-29 1 AFP KUALA LUMPUR, Fri. Sugar is being smuggled out of Malaysia in a big way, Parliament was told today. Deputy Trade and Industry Minister Datuk Lew Sip Hon told the House that this was one of the factors which contributed to the current shortage of the commodity inAFP - 100 words
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Article52 1980-11-29 1 JOHORE BARU, Fri. A hydrofoil service will be introduced soon between Changi and Pengerang in south-east Johore to ferry Desarubound holiday makers from Singapore. Sources in Kejora (South-east Johore Regional Development Authority) said the service would be introduced once the immigration checkpoint in Pengerang had been52 words
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Article70 1980-11-29 1 AP BEIRUT, Fri. Iran and Iraq said their troops, tanks and helicopter gunships were locked in fierce combat on the outskirts of two major cities in Iran's southwestern oil province of IGiuzistan today. War communiques reported the escalating action around the oil refining city of Abadan andAP - 70 words
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Article52 1980-11-29 1 Reuter BEIJING. Fri. China's first four-engined prototype jet airliner, the YC-10, has made four test flights, Western aviation sources said today. The first flight of the aircraft, powered by four Pratt and Whitney JT3D engines, which are also used on the Boeing-707, took place at Shanghai in earlyReuter - 52 words
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Article67 1980-11-29 1 AP JAKARTA, Fri. Indonesia does not want foreign capital to play a dominant role in the country's development although it is still needed, the Minister of Manpower and Transmigration Harun Zein said today. At the opening of the first Asian seminar of the International Metal Workers Federation onAP - 67 words
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Article78 1980-11-29 1 AFP JAKARTA, Fri. Seven officials of the state oil company Pertamina will soon come up for trial at the north Jakarta district court for their alleged part in a 8,000 tonne fuel oil swindle involving the Greek tanker Mt Houssam-B, Chief Prosecutor Suharjo announced here. He said investigationAFP - 78 words
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Article75 1980-11-29 1 UPI BEIJING, Fri. Chen Boda, a creator of the 'Red Sun' cult around Mao Zedong and a gobetween linking the Gang of Four and the late defence minister Lin Biao's generals, appeared in court today barely able to walk to face treason charges punishable by death. Chen, 76,UPI - 75 words
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Article135 1980-11-29 1 Rises Indices Goodwood Park 1080 170 Nov 27 Nov 28 Ambassador 290 50 B.T.Indicator: *****.*****11.16 O U E 680 45 Industrials: 691.86 687.38 Sea View Loan Grand Central M Credit 300 292 297 38 34 29 Finance: Hotels: 1270.30 1270.19 634.35 667.45 Apollo Maia Rice 270 24135 words
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Article, Illustration147 1980-11-29 1 Falls Indices Petaling 2000 -80 Nov 27 Nov 28 C k C Bintang 470 -50 B.T.Index: *****.*****48.11 Tronoh 2200 -50 Industrials: 842.62 837.01 P M Hold 510 -40 Finance: 1237.20 1234.15 Kg Lanjut 815 -35 Hotels: 400.74 408.03 Syn Resins 840 -30 Properties; 700.08 707.39 A Amal 1370147 words
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Article783 1980-11-29 1 MARGARET THOMAS - UP TO 90pc OF CPF SAVINGS By MARGARET THOMAS THE GOVERNMENT has handed Central Provident Fund (CPF) members a very liberal package of guidelines to the scheme permitting them to use their CPF savings to buy private housing. Surpassing even the most optimistic expectations, the783 words
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240 1980-11-29 1 TWINKLETOES will soon feel the pinch, not on their toes, but on their pockets; particularly if they prefer to acquire their partners in nightclubs. From Dec 1, the charges for dance hostesses will be increased by one third from the current $15 an hour240 words
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552 1980-11-29 1 LEGAL circles are abuzz with talk of the imminent appointment of British lawyers to the High Court to replace Justice Choor Singh and Justice Dennis D'Cotta, both due to retire from the Bench within the next few months. An agency report that four British552 words
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Article279 1980-11-29 1 OVERSEA-Chinese Banking Corporation will be selling gold certificates in smaller denominations of 100 grams and 500 grams to attract a wider market. Starting from Monday, the bank will be the first to sell gold certificates in such smaller denominations. To date, local banks have only been retailing279 words
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292 1980-11-29 1 MORGAN Greafell (Aria), merchant kuker adviser to shareholders of Slngapura Billdag Society (SBS) on the takeover bid by See Hoy Cku, has advised agalast accepting the offer. la a circular to shareholders yesterday, Morgan said that "having regard* to the prospects for292 words
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Article400 1980-11-29 1 THE Government has given notice that it will dissolve the Singapore Airlines Pilots Association (Siapa) within the next two months unless the union can show that it has not been made use of against the interests of members of the airline industry. The Registrar of400 words
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Article121 1980-11-29 1 THE MINISTER for Labour, Mr Ong "Pang Boon, will cut short his stay in Manila to return to Singapore this evening to keep track of developments in the SIA-Siapa dispute. Mr Ong is in Manila to attend the Asia and Pacific Labour Minister Conference and was121 words
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Page 1 Advertisements
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Advertisement12 1980-11-29 1 >v\s\u vss SINGAPORK business Tmes Peoodcats Put*cabor »FOR A PEOPLE WHO MATTER12 words
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Advertisement143 1980-11-29 1 Leader... Page f f Go on, get the feel of the New-Look Predators they put more payability into your game any time! LYNX Predator Irons Definitely built for baH control. Its compact, classic head design is renowned for its ability to deliver maximum distance, control and, j accuracy because of143 words
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Advertisement67 1980-11-29 1 LEISURE TIMES COMPANY to litniiee jet services tor execatives I HUSSEIN wans Syria against attacking Jerdaa 5 THE aivertUig todsstry to New Y5rk....... C ROUNDUP sf PM Lee's recent trip ts Ckiaa 7 BANK s< India Issaes FRCDs to Stogapsre CHANGES to Sales sf Csmmercial Prspertles Nil 1 12 TV67 words
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Advertisement61 1980-11-29 1 DIRECTORY of Singapore AUTHENTIC HANDMADE HAND-KNOTTED CARPETS H t* jV. f 1. J T r Afghan Tribal Prayer Rug Shanghai Pure Silk Rug ICi ■X ft -vi.* ft r -X «> T > Pakistan Single-Knotted Pakistan Double-Knotted Ladik Prayer Rug Kashan Picture Carpet CARPET GALLERY (ill Gl5, Lucky P\aza, Ground61 words
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Page 2 Advertisements
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Advertisement901 1980-11-29 2 I*lH t. IKWEK1 KWEK SAM HONG ORGANIZATION I Bth Anniversary and Official Opening of Equipments Supply Centre *****—*****, BLOCK 165, BUKIT MERAH CENTRAL, SINGAPORE 0315. Mr. HIIIOSHI VUKI, Managing Director of NIPPON €XPfI€SS (S) PTC LTD has graciously consented to perform the Opening Ceremony The Uon and Dragon Dance Troupes901 words
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TRADE AND INDUSTRY
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454 1980-11-29 3 .ALTHOUGH representatives •of the petroleum, metal and electrical and electronics industries were in agree"ment at a seminar yester«day about the need for ener*gy conservation, they had •reservations about the meth*ods used. Speakers at the Energy Conservation in Industry •seminar yesterday drove454 words
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348 1980-11-29 3 HSUNG BEE HWA - By HSUNG BEE HWA MORE companies should follow the lead set by Okamoto in promoting the growth of small businesses in Singapore. The Japanese machine tool manufacturer is helping two former employees to set up workshops to manufacture supporting precision components. By providing financial and348 words
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Article, Illustration143 1980-11-29 3 TRADEWINDS Charters, the charter subsidiary of Singapore Airlines, and McAlpine Aviation Asia recently signed an agreement to offer executive jet services in Asia, Australia and New Zealand. Trade winds Charters will be the sole general sales agent for McAlpine Aviation Asia in Asean countries and Brunei.143 words
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Article110 1980-11-29 3 A SYMPOSIUM on food product development will be held on Dec 15 and 16. Organised by the Science Council of Singapore and the Singapore Institute of Food Science and Technology, the symposium will examine the practical aspects of food product development, with particular reference to Singapore.110 words
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Article, Illustration178 1980-11-29 3 THE Singapore Board of Commissioners of Currency will release two numismatic coin issues, the 1960 $10 nickel proof coin and the 1980 $1 sterling silver proof coin on Dec 22 1980. Both coins are legal tender. The $10 nickel proof coin, which will be sold at $30Source: Ministry of Culture photo - 178 words
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249 1980-11-29 3 A TOTAL of 199,252 visitors came to Singapore in September, a growth of 10.9 per cent over the same month last year. From January to September, 1.86 million visitors came to the country, an increase of 13.7 per cent over the same period last249 words
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Article318 1980-11-29 3 A SOCIETY has been formed to advance the technology of electroplating and metal finishing by providing a service for those working these and other allied industries. A protem committee to set up the Singapore Metal Finishing Society, chaired by Dr Ng Cheng Siong of the National University of318 words
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Page 3 Advertisements
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Advertisement167 1980-11-29 3 CONGRATULATIONS TO KWEK SAM HONG iTTftfir ik-M i m: on their Bth Anniversary Official Opening of their Equipments Supply Centre Calvin Lim Trucks Sates jjL TAN CHONG INDUSTRIAL 0 MACHINERY (PTE) LTD SffK 913 BUKIT TIMAH ROAD, SINGAPORE, 2158 TEL *****7 (5 LINES) PAGER NO. *****55 Distributors of industriol machineries167 words
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Advertisement30 1980-11-29 3 CONGRATULATIONS TO KWEK SAM HONG ORGANISATION on their Bth Anniversary Official Opening of their Equipments Supply Centre JARDINES Shipping Agents 3RD FLOOR, MARINA HOUSE SHENTON WAY, SINGAPORE 0207 TEL: *****1130 words
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Advertisement254 1980-11-29 3 SPEEDY WAY TO DEVELOP YOUR PROPERTIES We are willing to provide financial assistance and the necessary personnel to speedily develop properties of owners and interest holders wishing to develop commercial and shopping complex, office, residential houses, flats and condominium, factories and warehouses. Projects .of any size are welcome. Those parties254 words
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RAW MATERIALS
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258 1980-11-29 4 EASIER conditions marked the week's trading from Nov 20 to Nov 27 as levels lost three cents overall in quiet trading says Hattday, Cutler, and Bath in its weekly review. Current One RSS retreated below the $3.00 mark in the Singapore sector. Initial steadiness258 words
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Article336 1980-11-29 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.74, Special 0.72.336 words
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Article213 1980-11-29 4 THE Slagapare market closed unchanged yesterday with December One RSS buyers quoted at 299.50 cents per kilo, dealers said. Morning prices were marked down slightly on December and January RSS One's offerings, they said. Afternoon prices were quietly steady with some selling of December and January well-absorbed by short-covering213 words
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Article306 1980-11-29 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f.o.b. 294.00 296.00N Int. 1 R.S.S. December 299.00 300.00 Int. 1 R.S.S. Jan 1981 306.00 306.50 Int. 2 R.S.S. 283.50 284.50N UK/Coot 282.50 283.50N Int. 3 R.S.S. 280 50 281.50N UK/Cont 279.50306 words
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Article102 1980-11-29 4 NOON SSR and SMR pncM veaterday: RA8 SSR 20 SSR SO MRELB (1-ton pallet) (1-ton pallet) December (Current Mthl Bayer* Sellers 243.00 244.00N 239.00 240.006 Janoary (Forward Mth) Bayer* Seller* 245.00 S47.00N 241.00 243.00N SMRCV SMRL SMR S SMR GP SMR 10 SMR 20 SMR SO (1102 words
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Article37 1980-11-29 4 Rubber: Nov 28 Singapore: Dec: 299.50 cents (unchanged) Malaysia: Dec: 308.75 cents (up 0.25 cent) Tin: M 51,951 (down $11) (equivalent to $32.26 per kilo) (down 18 cents) Official offering: 210V4 tonnes (up 26Vi tonnes)37 words
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Article63 1980-11-29 4 THE Straits tin price la Penang fell Msll to $1,151 per pica! ($32.8 per pical) yesterday, remaining $114 below the In tenia tlaoal Tin Agreement ceiling, dealers said. The weaker sentiment was attributed ts lswer overnight Lsndsn advices and increased «apply ef tin are. Turnover rase to 21163 words
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Article94 1980-11-29 4 THE Malaysian Minister of Finance has fixed these rates for the period from Nov 27 until further notice: Rabber: 304 Vi cents a kilo; Capra: M 5749.58 a tonne; Palm kernel: $955.75 a tonne; White pepper: $3,696.00 a tonne; Black pepper: $2,640.00 a tonne; The rates of duty94 words
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Article23 1980-11-29 4 ALCAN Aluminium said it expects free-world aluminium supply to remain relatively tight through the middle of the decade and possibly beyond.23 words
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Article177 1980-11-29 4 CHINESE Pradaee Ex chasge, Sagapsra, assa eMag prices per lMkg yesterday: Ctcmt ail: Bulk fob $140.00 sellers, old drum (in second hand drum) fob 1152.00 sellers, new drum fob (160.00 sellers. Capra: Mixed (loose) $8100 buyers. Pepper: Muntok white pepper fob Asta NLW $420.00 sellers, Sarawak white pepper177 words
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Article193 1980-11-29 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattsa yara: China Blue Phoenix 20s 1,940 32s 2,750, 40s 2,960 (per bale of 400 lbs). Piece gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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228 1980-11-29 4 Reuter OILSEED crushings in Japan rose slightly to 496,740 tonnes in October from 491,852 tonnes a year ago, bringing the 10-month cumulative figure to 4.51 million tonnes up from 4.50 million tonnes in the previous year period, the Ministry of Agriculture said. Soybean crushings roseReuter - 228 words
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Article789 1980-11-29 4 COFFEE: Robusta futures yesterday closed the morning slightly steadier near the sessions highs and with gains from Thursday of £10 to £12 per tonne. The market had opened around £1 per tonne either side of Thursday night's close. Turnover was 873 lots including 58 options. Dealers said following789 words
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Article116 1980-11-29 4 THE Malaysian palm oil market continued higher on covering yesterday with the Indian State Trading Corporation purchase of 10,000 tonnes of refined bleached deodorised palm olein aiding sentiment, dealers said. Trading was quiet and in the Northern Region December traded M 515 higher at $995 per tonne while116 words
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ASIAN STOCKS
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576 1980-11-29 4 TOKYO Reuter SHARE prices fell sharply on scattered selling over a wide front yesterday while many investors held off in the absence of fresh incentives, dealers said- The market average lost 48.55 points to 7,123.62 on a thin volume of 240 million shares. TheReuter - 576 words
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Article343 1980-11-29 4 THE market opened lower but steady yesterday as fears of a local interest rate rise dissipated. Heavy selling squashed an early attempt at a rally and sent the market sharply downward. Bargain hunters could not resist the low prices and the last hour of trading saw the market scoring343 words
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Article391 1980-11-29 4 A SCRAMBLE for stock in rumoured takeover target, Tooth and Company, highlighted otherwise dull trading yesterday, dealers-said. About 10.5 per cent of the NSW Brewer's issued capital changed hands, including 9.5 per cent in a single AJ19.3 million block of 6.78 million shares. The stock firmed 10 cents to391 words
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Article263 1980-11-29 4 STOCKS closed lower yesterday though price movements were narrow, dealers said. Industrial Finance Corporation fell. 2 baht to 120, Berli Jucker 2 baht to 285, Saha Union 4 baht to 187, Jalaprathan Cement 2 baht to 115 and Rama Tower one baht to 87.50. NOV 28 Bah is Atu263 words
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Article141 1980-11-29 4 THE market closed higher yesterday though turnover slipped to 2.9 million pesos from 4.1 million pesos previously, dealers said. Closing stronger were Lepanto B, Philex B and BF Goodrich. Losers included Surigao, Con B and PLDT. Other counters were untraded or unchanged. NOV 28 Ppsos Aroje Mining <W7« unch141 words
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Article51 1980-11-29 4 financial times INDUSTRIALS Thursday 481.2 Wednesday 494 6 Week Ago 503-2 DOW JONES AVERAGE INDUSTRIALS Thursday closed Wednesday 988.68 Week Ago 1000.17 H.K.HANG SENG Friday 1445.51 Thursday 1460.09 Week Ago *****8 SYDNEY INDUSTRIALS Friday 768.06 Thursday 768.02 Week Ago 773.08 ALL ORDINARIES Friday 1028.68 Thursday 1027.46 Week Ago51 words
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Page 4 Advertisements
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Advertisement427 1980-11-29 4 Businessmen, Are You Getting Your Shore of the Billion Oil Industry? The South East Asia OH Directory 1980-61 (Third edition) is the only professional reference work which brings together an encyclopedfc volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage427 words
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OVERSEAS
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Article198 1980-11-29 5 AFP ASEAN is projected to post a surplus of US$3.5 billion in its trade with the European Economic Community (EEC) this year. EEC vice president Wilhelm Haferkamp made this projection on the basis of Asean exports which increased in the first six months this year byAFP - 198 words
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Article777 1980-11-29 5 ARRIVALS Service Local Operator Number Time From PAA PA005 0045 JEK/SFO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SIA SQ101 0815 KUL MAS MH621 0635 PEN MAS MH671 0930 PEN/KUL MAS MH606 0830 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710 1006 HLP777 words
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Article517 1980-11-29 5 NYT KING Hussein of Jordan has warned Syria that if its forces attacked his country they would be repulsed "regardless of the size or strength of the challenge." Further, he said, fellow Arab states would support Jordan. The massing of more than 20,000 Syrian troops justNYT - 517 words
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Article382 1980-11-29 5 Reuter THE radical sudents who seized the American hostages in Iran more than a year ago say the longawaited transfer of the captives to the custody of the Iranian government has now taken place. Speaking from inside the US Embassy which the radicals stormed on NovReuter - 382 words
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530 1980-11-29 5 NYT AN ENERGY survey of Asia's poor countries shows that their heavy dependence on oil has seriously restrained economic growth and kept per capita incomes virtually stagnant. Mr Taroichi Yoshida, president of the Asian Development Bank, says the Asian region is "so badly affectedNYT - 530 words
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136 1980-11-29 5 AFP INDONESIAN Foreign Minister Mochtar Kusumaatmadja was doubtful that China intended to cut links with communist parties in South-east Asia, the English language daily newspaper Indonesian Observer reported yesterday. He was reported as saying that it was unthinkable that China had openly made public suchAFP - 136 words
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305 1980-11-29 5 Reuter THE nine European Common Market nations have called on the world's oil consumers to make a collective effort to head off new oil price rises by drawing on stocks. "We have to prevent another crisis like the oneReuter - 305 words
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403 1980-11-29 5 UPI POLISH union delegates and workers heeded labour leader Lech Walesa's warning that continued strikes could provoke "tanks and rockets" in response and ended the strike at the huge Warsaw Steel Works yesterday. The vote defused yet another Polish labour crisis thatUPI - 403 words
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WORLD IN BRIEF
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Article502 1980-11-29 5 Agencies MAJOR Western countries and Japan have (ailed to reach agreement on export credit interest rates and will meet again on Dec 18 and 19, meeting chairman Axel Walien of Sweden said in Paris. This is beyond a Dec 1 deadline for agreement set by theAgencies - 502 words
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Page 5 Advertisements
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Advertisement132 1980-11-29 5 TRAVEL SERVICE!! HOLIDAY LA-FLEUR TRAVEL S.TPB T/A267 Te1:*****51 ■*****11 um Holiday Inn Hotel, Suite 4, 4th Floor. Scotts Road, Singapore 0922 BUSINESSMEN!!! TRAVEL ECONOMICALLY WORLDWIDE ALSO CAR TRANSFER AVAILABLE l >/ou steP e Z*<o or S ivP e ,n\al le <) fS x f 1« r» ii i SINGAPORE WOODCRAFT132 words
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Advertisement228 1980-11-29 5 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.228 words
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Article430 1980-11-29 6 THOSE who nave set their sights on better quality private sector dwellings will be overjoyed at the degree of concession the Government is prepared to make to allow Central Provident Fund savings to be used for the purchase of such houses and flats. Few would430 words
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Article322 1980-11-29 6 TO SOME, dance hostesses will conjure up memories of bygone days at "joget" halls at Happy World when dancing was still very much an art much indulged in by the gentry. Others without such happy recollections will imagine smoke-filled halls where dance hostesses spend as much322 words
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Article, Illustration1453 1980-11-29 6 ANDREW FEINGERG - MARKETING MIRACLES IN THE U.S. The use of famous stars actresses, actors, sportsmen and the like in advertising started ages ago, perhaps with Lillie Langtry who pushed Pears soap in the 1890s. Do companies really need star power? Do celebrities really boost sales? ANDREW FEINGERG examinesNYT - 1,453 words
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Article550 1980-11-29 6 THOMAS RIZZO - By THOMAS RIZZO AP QUBE, the United States' first talkback television system, was supposed to revolutionise America's love affair with the tube. The revolution is under way now, but there have been some difficulties and defections. Three years ago, QUBE went on the air in that country'sAP - 550 words
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Page 6 Advertisements
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Advertisement200 1980-11-29 6 TO J JKSXS®* 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 Institute200 words
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Page 6 Miscellaneous
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Miscellaneous1349 1980-11-29 6 The days of the joker IF YOU are nee •gala maMe that has ban plagaelag as m 9tif d today*! TV programoie Ml provide mm good Saturday eater"The Plat—ma a", a remake of a Hassles I Western featarlag hlstarieal characters sach m Wild BUI Hlekoke, Baffalo BUI My aad Calamity1,349 words
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Article, Illustration1176 1980-11-29 7 FOO CHOY PENG - FOO CHOY PENG gives a round-up of Mr Lee Kuan Yew's two-week visit to China which was described by the Prime Minister himself as being interesting, useful and instructive. She also airs her impression of the Chinese way of living. FOO CHOY PENG MR LEE Kuan1,176 words
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Article, Illustration1042 1980-11-29 7 OUR Tndent plane toucnea down at the Nanyuan military airport 30km from Central Beijing at 4.30pm after a two-hour flight from Guangzhou. It was Nov 9, and many of us in the Singapore delegation and press party who were in China for the first time1,042 words
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Page 7 Advertisements
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Advertisement310 1980-11-29 7 Quality Books from MLYN Book <4AV 7i* 1* iii m i *r V* 13 fey THE HAMLYN BOOK OF CROCHET Crochet is one of the crafts which is becoming increasingly popular and this book sets out to introduce the reader to all the basic techniques from holding the hook and310 words
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Page 7 Miscellaneous
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Miscellaneous50 1980-11-29 7 Twe HPtV£ SeMT OS NOU) NOftS P>ND I "Mey ftce stocikg i§4 l^L BriStoW: Ftank Di tony TRKHG SO long TO mp*«e up Tue to pees Toopsy. p>tk>ns^. vm Tecp\r»eD cpfie i Ppii OUT R Pbmo V T oo m00n.... couNTihiG rY^y ON€- is RLL PmG££S T Homes -as >»50 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article231 1980-11-29 8 M )V 27 PU A UN 280.00 -3.5 AMtf 70 00 >07 Ak/<> 18 30 -0.8 AMKV 95 20 -0 1 A in las ***** 1.2 Amrobnk 58 10 -06 BrVfHi 26 00 -15 MMft 57 00 -15 ifa>l» 56 50 -0 1 H r>umij 185 00 5 l'.ur231 words
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Article283 1980-11-29 8 NOV 27 Frs CORBEILLE Air-Ijquidf 544 -3 B S N Orvais Danoiit* 1149 -11 C S F (ThomsonCsf) 4.% 1.8 Cie Francaise df .s PetroAes 254 50 1.7 Corn pa Knit* Financiere Compaffme (ieneralf 393 -2 Credit Foncier L)e France 433.50 -65 Hachette (Libraine) 312 -15 MMMMI Bull 58.50283 words
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Article228 1980-11-29 8 NOV 27 Dm A*»g-Trie fun ken 78 50 -05 Ala 16 50 -08 All/ Lebf»n All/ Vers ***** 1 BASF ***** 02 Bay H T Vt'bunk ***** Bay Vbank Bayer 109 90 0.7 BB< 275 50 unch BMW 157 50 unch OMHfll 311 10 l hem Verw 238 00228 words
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Article87 1980-11-29 8 NOV Z7 m FORWARD MARKET Acer 303 -2 Artxft 1236 12 Astur 332 .5 Brasran 964 Bru-Latnb 1010 unch Canpa< 1242 22 Cork 17S -ft [> B«TS 351 Fbes 1530 Elfclrobft 4310 -140 Gb-Inno-Bni 2000 Gev 1278 2 h Hubuk 2515 -15 FMfo 5380 60 Ryl Outrh 3300 1587 words
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Article186 1980-11-29 8 nov n Francs Anions ituusn 297 Alusuisse Br 1155 unr fi Alusuisse Reg 460 -1 Brown Boveri Br IMS 5 Clha Geigy Br 950 unrfi Clbj Geigy P C 760 5 Clba (leigy Reg 555 7 Credit Suisse Br •MO 5 Credit Suisse Reg 439 2 Eleklrowatt Br 2S00186 words
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Article104 1980-11-29 8 NOV 27 Lire Anir lift 02 Aiaar (irn 9:Mor» agn 1800 Bast<*gi -24 Ontrmle ***** -820 t M KiOU -112 insider 85 50 2.5 C5en Immob 2100 35 II I Pri 4380 -93 llalcemenli ***** -1150 lUlgas 1684 19 1 iLaKider 299 MaCMU m n tm 20 Marelli BR104 words
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Article208 1980-11-29 8 MOV 27 it AtMtibi 26 AI« an 44 i UpM 1 1 Hank IM 34 unch Hank Nova ScoUM 3f» bell tvi 3D Beth Corp BP Ml Ui 42 1. liravan 37 Cjmp Hrd Lakr 76 i it. Imp Hk 27 I'anpar 48 't i anpar ln\ Pf 20208 words
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Article298 1980-11-29 8 "W r. Hand INDUSTRIALS A Alpha 4IQ MM r.mn AK And I Ma J"*' 2A2S Barlows U35 tt Sugar KA USB Curnr Finance 215 Up Brrrs Ind Kd.on mo 5 ♦2 unch -25 ♦5 15 fvrtMd) Fed Volk 512 Kuml 240 t».i rdi.tn Gieniinl QlliMM 1020 Hippo Hut-id 47S298 words
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Page 8 Advertisements
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Advertisement568 1980-11-29 8 See Page 4 for Asian stocks; NYSE was closed on Thursday for Thanksgiving Where to wine fi*JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 p. m. —10 30p. m. For reservations call *****77 t'irtiin I'ni-k SlK'i'nioit Hi ii££ii| ><»■*<• SHERATON568 words
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Advertisement141 1980-11-29 8 Whatever your taste, the Cockpit Hotel makes it great. Dragon Palace Restaurant Siamese Seafood We're famous for our Restaurant Cantonese Cuisine The Siamese Seafood Restaurant is as good as Bangkok! Victoria Bar The Coffee House Relax in an atmosphere of For informal meals and elegant days gone by light-hearted snacks141 words
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BANKING AND FINANCE
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Article308 1980-11-29 9 THE Swiss franc is expected to continue steady to slightly easier against the US dollar as US interest rates remain high through year end. If an oil price increase comes out of the Dec 15 Opec meeting in Bali, the Swiss trade and current308 words
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Article45 1980-11-29 9 HJE Singapore Credit Club is > holding a dinner and dance at the Garden Ballroom, Holiday Inn Hotel at 7.30 tonight. Mr Tjio Kay Loen, representative for the chairman bank of the Association of Banks in Singapore, will be the guest of honour.45 words
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574 1980-11-29 9 RUTH CHENG - By RUTH CHENG THE LONDON branch of Bank of India is issuing US$2O million in floating rate certificates of deposit (FRCDs) in the Asian dollar market, making it the second non-resident bank to do so. Although the Bank of India operates a full574 words
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615 1980-11-29 9 NEARLY a decade after its introduction in Malaysia, merchant banking appears to be at another important cross-road. Merchant banking in Malaysia has grown along very traditional lines. Though styles and objectives differed, the merchant banks have almost all concentrated in three main areas wholesale banking,615 words
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376 1980-11-29 9 Reuter AFP THREE Chinese banks have established provincial investment corporations to provide loans for urgent projects needed for increasing production, the official New China News Agency (NCNA) said in Beijing. It said 12 corporations had been set up in nine provinces and cities. CapitalReuter; AFP - 376 words
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Article122 1980-11-29 9 Reuter EVERY licensed bank in Hongkong will have to become a member of the proposed Hongkong Association of Banks. This is laid down by legislation published yesterday. A condition to this effect will be attached to each bank's licence under powers set out in the banking ordinance,Reuter - 122 words
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Article474 1980-11-29 9 THE US dollar closed on a mixed note against major currencies in a market marked by quiet and thin trading yesterday. From an opening of 1.9265/75 against the Deutsche mark the dollar hardly moved for the rest of the morning. Thereafter London came in at 1.9235/45, a level474 words
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Article111 1980-11-29 9 THE US dollar for overnight delivery closed firmer at 216.75 yen yesterday compared with a 215.80 opening and 216.10 at Thursday's close, dealers said. Trading was moderate with volume at US$75l million. The dollar fluctuated narrowly between 216.60 and 216.75 yen in quiet afternoon trading after finning to an111 words
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Article75 1980-11-29 9 THE US dollar ruled mixed yesterday in a quiet market dominated by lack of activity in New York overnight, dealers said. The dollar rose to 216.55/ 65 yen compared with yesterday morning's local 216.50/60 quote, and strengthened to 2.3620/35 against sterling compared with the 2.3650/60 early quote. However, it75 words
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Article, Illustration566 1980-11-29 9 EXPECTED ARRIV ALS TODAY KEPPEL WHARVES Builder D (0700) 22 Builder (0700) 23 Glorious I (RO/RO) (0700) 47 los (after Nedlloyd Schie) 3/4 Johneverett (2359 after Heidenhein) 18 Kota Panang (0700 after Sinkai Hauls) 10/11 Lumut (after Perak) 20 West Mulia (0530 hauls 51m West) 12/13 Nedlloyd566 words
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Article22 1980-11-29 9 THE average rate at which major Singapore banks are currently prepared to lend to their beet customers is 13.7 per cent.22 words
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Article179 1980-11-29 9 ASIAN ASIAN currency deposit interbank rates as at close on Nov 28: raD*IU»<8pt) 7 day* 184 184 1 month 10 7/16 195/16 2 months 184 IS 1/16 3 months 18 174 6 months 17 164 9 months 16 154 12 months 159/16 157/16 SwJn DM. 1 month 3 months 6179 words
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Article46 1980-11-29 9 RANGE of price* offered by discount bouan i on Nov 28 Overnight S to V*% Call depoa its: to TV.* BSS^Uim 3-month Treasury bills 013/16 011/16 3-month Bank bills 14H 14 3 months CD 13M 13H 6 months CD 13'/< 13Vk Source: National Discount Co46 words
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Article46 1980-11-29 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 1 to 5: Offered: $100,000,000 Applied tar: $247,750,000. Altatted: $100,000,000. Accepted Uda: $98.30 and higher bids in full. Average rate tt dteeeut m aUetmeat: 6.805 per cent per annum.46 words
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Article41 1980-11-29 9 OPENING quotes on Frankfurt exchanges yesterday: US 1.9»/« (1.9250 Sterling 4.545/555 (4.550/5«) Can 1 «210/29 D FI 92.23/33 S FY 110.54/« Ut 2.101/111 F FY 43.04/12 N Kr 38.14/19 B FY (can) 6.211/19 B FY (On) <185/195 Yen 0.8874 /8541 words
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Article311 1980-11-29 9 GOLD futures closed generally firmer yesterday compared with overnight levels after fluctuating marginally throughout the session, dealers said. Trading was thin throughout the day on lack of fresh new factors and total sales was recorded at 140 lots with volume for kerbs at 10 lots. December closed firmer at311 words
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Article37 1980-11-29 9 New York 18«0B 18 70S Zurich 18.3QB 18 SDR 18 70S 18.70S Frl 1km Singapore 18.30B 18 40B -v N 18 70S 18.80S Closing price* in US dollar* troy ounci f. Source: Credit Suisse, S'pore37 words
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Article207 1980-11-29 9 THE US dollar opened generally steady against most currencies in quiet trading yesterday while sterling turned softer, dealers said. There were no new significant (actors overnight. The dollar remained underpinned by the firmness of US interest rates while activity was constrained in the wake of Thursday's US holiday and207 words
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Article65 1980-11-29 9 QUOTES on Australia and New Zealand exchanges yesterday: AUSTRALIA: US dollar 1.1667/1.1619 Sterling 0 4962 /0 4895 90-day airmail buying rates: Sterling 0.5197 US dollar 1.2182 90-day forward buying rates: Sterling 0.4962 US dollar -1.1761 NEW ZEALAND: Reserve Bank midrate: US dollar 0.95« Trading Bank Indtcatkms. US dollar 0.964865 words
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Page 9 Advertisements
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Advertisement97 1980-11-29 9 ■Jfm\ m"/ vy 5#- J#- <- Fai-XY-'5" m 0-m <£$0!* Ms ■-.yfmn* The Times Calendar FESTIVALS 81 Fsstivals 11 is ixquitiMy raproducad from 12 Chinasa brush paintings in wstsr colour by wait-known srtist, Low Puay Hua. Thasa paintings of local fasthraJs ara spacially commisaionad by Tha Timas Organisation. Low's sxpart97 words
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1759 1980-11-29 10 BED and offer prices officially Ulted and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded ■hown in brackets in lots of 1,000 units, unless otherwise .specified SECTION ONE industrial COMMERCIAL Am* (3.80B) (2)1,759 words
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Article168 1980-11-29 10 SINGAPORE UNIT 1RUST OUB-MONTAGl/ (Ma—gnrs' prion far Dee 1) (Man—' prleea tar Not 29 The Commerce 3.32 3 49 2.11 DM 1) The Savings Fund 2.01 Union Spore Fund 1.25 1.30 S pore Prog Fund 1.4S 1.53 INCOME BOND UNIT S pore Sec. Fund 2.14 2.25 (Can-eat prl168 words
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Article2745 1980-11-29 10 1980 High Lou r Company Last Sale orGr's Div Div C'vr Gr's Y'ld Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 300 148 180 402 125 352 745 408 010 245 Acma 220 Alcom 116 Allied Choc 138 BAT 270 Bata 80 Ben2,745 words
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Article2041 1980-11-29 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS Aleem (3 028 3 04S) (3) 3 04 (3) 3.02 ACkM(I3OB2,041 words
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Article, Illustration731 1980-11-29 10 AMIDST continued aneasiness In the Singapore stack market, the betel sector stood Mt M the most resilient with prices gaining rapid grand. Except far Faber Merlin which claaed anchaaged, all other bate! counters were haaatod significantly higher an increased volumes. Leading the list was Gaadwaad731 words
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Article594 1980-11-29 10 SHARE prices succumbed to further selling to close with widespread losses at the Kuala Lumpur stock market yesterday, the fourth session of decline this week. The New Straits Times Industrial ordinary share index, reflecting the weaker trend, fell another 5.61 points to 837.01, but the594 words
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COMPANY NEWS
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Article370 1980-11-29 11 PERNAS Shoe Dirty Hidings Sdn BM will acquire a 70 per cent stake in Chubb Malaysia Sdn Bhd's issued capital of M$2.05 million, Sime Darby Bhd said. Chubb and Son will hold the remaining 30 per cent under an agreement in principle signed in Kuala Lumpur yesterday. No370 words
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LATEST RESULT
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Article62 1980-11-29 11 announced after-tax profit of M 511.03 million ($10.89 million previously) for the year ended Sep 30, on turnover of $270.50 million ($221.70 million). The company proposed a final dividend of 16 per cent (same) gross making a total of 26 per cent (same) gross, payable62 words
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Article441 1980-11-29 11 TRENGGANU Development and Management does not expect to repeat last year's robust performance in the current year ending Dec 31, 1980 in view of the palm oil market which has been depressed for the best part of the year. But with its recent venture into441 words
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340 1980-11-29 11 CHOO AI LENG - By CHOO AI LENG NANYANG Siang Pau Singapore will take a 26 per cent interest in the Singapore Monitor, an Flngligh daily newspaper which will be published next year. This was announced by Nanyang's chairman Lien Ying Chow in its rights issue document released recently.340 words
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Article327 1980-11-29 11 Reuter BANK of America has declined to say how much it paid for 15 floors of the 40storey Gammon House office block in Hongkong's central district. However, Mr Heinz Wascheck, the bank's Far East general manager, said: "When the purchase price is known, we willReuter - 327 words
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Article447 1980-11-29 11 Date Last Foil Yea IT Ompany Period Anneoaced Net EPS GNM Pre-tax last year (ceata) Div. Profit <$*•) K TPau I 24/9 32.3 36 2,021 P Prod I 24/9 22.9 10 5,458 Shell I 24/9 57.4 30.0 62,855 0£QT Raleigh Cycles I 25/9 D Baby I 26/9 42.1447 words
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Article223 1980-11-29 11 A STRONG demand for building materials is apparently the reason for significantly improved results at Lien Hoe Industries and its 51 per cent owned listed subsidiary, South Malaysis Industries (SMI). At Lien Hoe, group pretax profit for the six months to June 30, 1980,223 words
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Article368 1980-11-29 11 mm™ HOCK LOCK SIEW SOUTH East Asia Lumber (Seal) has requested the suspension of its shares on both the Singapore and Kuala Lumpur exchanges from Nov 28 pending an "important announcement." Recently, the company was queried by the KLSE on the sharp appreciation in its (Mice toHOCK LOCK SIEW - 368 words
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Page 11 Advertisements
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Advertisement162 1980-11-29 11 'tH %r mm Wmr'm i'mtTlk. »~vTSiJtr "•rf ..J— s*; it- ";-^afc fc<Viii 'n^'aj^erTT ?w —SB* 2^E Km ILU 1 <*» mm acs r r T -JSXXXSSL SsSsr^#S^^ We ve soared to dizzy heights Circulation has doubled in three years: an amazing record! Sincc Business Times was first published in October162 words
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408 1980-11-29 12 Reuter THE extent to which industrialised countries draw down their oil stocks would be a factor in how much the Organisation of Petroleum Exporting Countries (Opec) raise its price, Indonesian Mines and Energy Minister Subroto said yesterday. He said the performance of theReuter - 408 words
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Article222 1980-11-29 12 THE current global political instability and bleak economic outlook mean that both industrialised and developing economies must adopt measures to improve growth prospects. Mr Ong Pang Boon, Minister for Labour, in an address at the Asia and Pacific Labour Ministers' Conference in Manila, pointed out that the222 words
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Article, Illustration228 1980-11-29 12 UPI THE Chinese public prosecutor said in court that Zhang Chunqiao, the member of the Gang of Four who refused to answer any question during his first hearing, was fully prepared to have his head chopped off. "Why does Zhang Chunqiao refuse to answer questions?' The prosecutorUPI; Source: UPI photo - 228 words
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381 1980-11-29 12 Reuter ANTI-RIOT police and armed troops extended patrols and curfews through several towns of Java and were on visible alert in Jakarta yesterday to prevent a spread of anti-Chi-nese violence that caused considerable damage and some casualties in the past week. A night curfewReuter - 381 words
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Article789 1980-11-29 12 LONDON, Fri. Share prices opened generally firmer, with oil issues continuing their recent recovery, dealers said. Tricentrol, BP, Shell, and Lasmo were between 4p and 6p higher, while Ultramar rose 8p to 523 p. Elsewhere, Courtaulds recouped 4p of yesterday's 14p loss following results. ICI was down 2p789 words
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261 1980-11-29 12 PRIVATE Investment Company for Asia (Pica) has injected US$2 million capital into Formosan Rubber Corporation (FRC), a family-owned Taiwan company producing rubberised coated fabrics and PVC expanded leather. The injection of new capital will enable FRC to expand further its operations especially its plan261 words
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262 1980-11-29 12 A NUMBER of tax concessions announced in the 1980 Budget Statement have been passed in Parliament yesterday. Under the Income Tax (Amendment No. 2) Bill 1960, a manufacturer who undertakes an approved research and development project related to his business can claim double tax deduction262 words
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597 1980-11-29 12 UNDER the Sale of Commercial Properties (Amendment) Bill, 1960, the Controller of Housing has been given the power to direct developers to obtain strata titles by a stipulated date. This will apply to commercial properties sold before July 20 last year, the597 words
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Article437 1980-11-29 12 PARLIAMENT passed Workmen's Compensation (Amendment) Bill 1980 yesterday which has, as one of its main amendments, an increase in workmen's compensation. Acting Minister for Labour Sia Kah Hui said the increase is not only to meet the rise in the cost of living and wages but also to437 words
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Page 12 Advertisements
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Advertisement169 1980-11-29 12 This is a completely revised edition of a dictionary which is unrivalled as a catalogue of English words as they are now used in print and speech. Included are new words of the last few years and hundreds of post-war words and senses. The entries range from the most colloquial169 words
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Page 12 Miscellaneous
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Miscellaneous65 1980-11-29 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Thundery showers in several places from around midday. Report for 24 hours prior to 7.39 p.m. on November 28 at the airport Maximum temperature 30.2 Associated humidity 71 Minimum temperature 23.5 Associated humidity 96 Hours of sunshine 3.50 Rainfall in65 words
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LEISURE TIMES
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Article137 1980-11-29 13 IG, chromatin Jacob will > local music ke DBS audi©w evening. Three Songs ind clarinet Bniment are i texts for period, oppportunity ee Songs, as orks such as I in E Flat Der Hurt auf Dp 129, are in (Soprano) Heinemann tio will be by137 words
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Article, Illustration1408 1980-11-29 13 TSANG SAU YIN - What a name! the uninitiated may exclaim. But to the adventurous, it is a title which conjures up prospects of the unusual. Death Valley no longer daunts the modern traveller. TSANG SAU YIN was certainly not put off. Here she gives an account of this Californian desert whose1,408 words
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Article, Illustration249 1980-11-29 13 PETER WONG - PETER WONG LOVE was lingering in the Kas bah and to drive home the message, Judy Stevens started off with John Paul Young's "Love is in the Air". Endowed with a powerful voice, when she sings one gets carried away easily by her passionate and249 words
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Article, Illustration438 1980-11-29 13 NG LOKE KOON - By NG LOKE KOON FOR four days, from Nov 25 to Nov 28, the Gardenia Room in the Shangri-La Hotel was kept under the close watch of uniformed and armed policemen. They were guarding $12 million worth of precious craftsmanship. But that did not438 words
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Article, Illustration401 1980-11-29 13 SIOW LI SEN - By SIOW LI SEN STUART DEVLIN'S enthusiasm for beauty in life is infectious and his love for romance that is manifested in his work becomes compulsive. The cynic might choose to pass that off as mere sales talk. But one couldn't help but401 words
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Article, Illustration791 1980-11-29 14 ALBEIT a series of strokeplay matches, the head-to-head confrontation between Hale Irwin and Isao Aoki in the Benson 6 Hedges International Golf Series from Dec 9 to 14 should be something worth savouring although both are matchplay exponents. The similarities of the two golfing personalities are791 words
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Article441 1980-11-29 14 CHARMAINE CHAN - By CHARMAINE CHAN YOU'VE heart mere thaa mmgh abeat their multiple saeeessea la maay of the mtjtr tumifti areaad the glebe. Naw yaa eaa actaally tee them haHlw Be—a Hedges Mags their Jrt lateraattaaal Galf Series to the Far East tram Dee to 14 far a total pane441 words
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Article, Illustration1244 1980-11-29 14 MOTORING with "Hermes PEUGEOT cars have never been lacking in quality. But then neither have they been made cheaply. And so hand-in-hand with quality must come the factor of pricing $55,327 (PARF) for a two litre car. A little expensive? It may appear so1,244 words
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Article751 1980-11-29 14 WERNER GEBAUER - By WERNER GEBAUER WHICH, would you say, is the shortest distance between two points? "A straight line". Gose, but not really. "The way the crow flies"? Wrong again. It's a traffic-light changing to "GREEN" and the car behind you tooting its horn! A lovable old doctor-friend,751 words
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Article315 1980-11-29 14 TODAY GOLF: Warren. The 54-hole Unigolf Open Tournament which started on Friday continues this morning with 30 professionals vying for $6,000, one-sixth of this amount is the first prize, and 12,000 is the prize for either an ace or a course record. A graphite driver will be315 words
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Article, Illustration245 1980-11-29 14 ALIA - FROM THE HORSE S MOUTH By ALIA FOR THOSE hoping for some expert advice on how to play a good game of squish, rather than rely on your friend's guidance, why not learn the basis of the game through an audio-visual aid made in collaboration245 words
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Article, Illustration578 1980-11-29 14 THE EXECUTIVE JOGGER PEEBLE WITH the Jogging Association of Singapore about to hold its marathon on Dec 7, it might be interesting to take a look at who runs in this 42.2 km test of endurance. To my knowledge, there has been no analysis done of marathon runnersPEEBLE - 578 words
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Page 13 Advertisements
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Advertisement88 1980-11-29 13 INESS TIMES] 'hen we say business g mean just that rho will coming out to the Far stchplay exponent* Hale nd Isao Aoki. CHARMAINE laborates on the Benson International golf series II be held next month. lekend sports diary SCUTIVE jogger PEEBLE s running numbers and the people who jog88 words
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Advertisement6 1980-11-29 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Page 13 Miscellaneous
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Miscellaneous470 1980-11-29 13 t AT WHERE JRAL SHOWS Gninea Then and Now. Last day to watch !W Guinea show organised by the National pany at the World Trade Centre, (1 pm The programme includes folk plays, ritual >n temporaries. Free admission. le History of Singapore. At the National y at 6pm. Repeat performances470 words
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