The Business Times, 31 January 1981
1981-01-31
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The Business Times
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Title Section11 1981-01-31 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, JANUARY SI, 1181 60 CENTS11 words
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BRIEFLY...
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Article49 1981-01-31 1 AP Reuter LONDON, Fri. Gold was fixed at U*****.50 a troy ounce by London bullion dealers this afternoon, down from the $507.50 the morning fixing but up from $493.75 at yesterday's afternoon fix. Earlier in Hongkong, the international gold price closed at $504/506 an ounce. AP, ReuterAP; Reuter - 49 words
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Article58 1981-01-31 1 Reuter TOKYO, Fri. China today told a consortium of Japanese companies that it had decided to suspend work on two giant petrochemical complexes in which they were involved, the group's spokesman said. C Itoh, said the Chinese notification came as a shock to the 10 companies involved inReuter - 58 words
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Article68 1981-01-31 1 Reuter SEOUL, Fri. South Korea will hold parliamentary elections between March 25 and 27 in line with President Chun Doo Hwan's plan to speed up the country's political schedule, government sources said today. President Chun, a former army general, said last year a fresh presidential election byReuter - 68 words
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Article74 1981-01-31 1 UP! TOKYO, Fri. A group of four Japanese steelmakers has outbid European competitors and won contracts to sell 52,000 tons of steel pipes, to be used for transporting oil from an oil drilling platform, trade sources said today. The sources said the four companies Nippon Steel, NipponUP! - 74 words
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Article78 1981-01-31 1 AFP TOKYO, Fri. Japan's industrial activity, in a seasawing trend, recovered slightly with increases from the previous month of 1.6 per cent in the production index and 1.0 per cent in shipments, the Ministry of International Trade and Industry announced today. Production dropped 1.5 per cent andAFP - 78 words
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Article92 1981-01-31 1 Reuter WARSAW, Fri. Strikes continued in two major industrial areas of southern Poland today despite a stern warning by the government against further industrial turmoil. Lech Walesa, leader of the independent Solidarity free trade union movement, was due to have urgent talks with the government on halting theReuter - 92 words
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Article74 1981-01-31 1 AP KUALA LUMPUR, Fri. Canada will forge new and closer relations with the five Asean countries through transfer of technology and signing of a technical cooperation agreement, Canadian secretai7 of state for external affairs, Mark MacQuigan said today. He said that Canada recognises Asean) as anAP - 74 words
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Article145 1981-01-31 1 Rises Mtpun Corpa 1000 70 Town tk City 380 60 Porlis Plant 840 -*-56 K»ck Seng 408 54 8kangri-La 2550 50 M Banking 1580 50 8*1 Properties Island A Pea 1400 50 970 45 U I C 886 40 C Properties 550 30 Taaek Cement 530 30145 words
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Article, Illustration142 1981-01-31 1 Rites Perils Pit 9000 80 If Ranking 1730 80 Magnum 2120 70 Renong 560 60 C Prop III A Pen 575 1040 55 55 Keck Seng 420 54 Tasek 580 50 Rahman Hyd 1600 50 T A City 384 48 Bt Semb 545 40 Falls TPoooh 20.50 -50142 words
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Article737 1981-01-31 1 FONG MEW LENG - SITES WILL FETCH $800 m By FONG MEW LENG OVER 200 tenders that will fetch a conservative estimate of at least $800 million nave been submitted to the Urban Redevelopment Authority in its ninth sale of sites. The tender, which closed yesterday, attracted fervent737 words
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Article249 1981-01-31 1 THE Kuwaiti government hopes to build a $1 billion hotel at Marina Centre. Kuwait Real Estate Investment Consortium, or KREIC, a company whose other major interests in Singapore include the $500 million petroleum centre and a $50 million condominium project in Holland Road, has tendered for249 words
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Article483 1981-01-31 1 RONNIE LIM - By RONNIE LIM THE Shell investigation report on the stalled $400 million hydrocracker is now in the hands of its Singapore board. It is still being kept "hush-hush" outside the boardroom while the directors are discussing the findings. But one significant fact has surfaced. It483 words
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Article323 1981-01-31 1 TRADE associations which organise seminars for their members should follow up with a check-back system on the achievements of those who have attended seminars before. They should also see if the seminars are attended by members who really need them. These suggestions came from Eugene Yap, Member323 words
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270 1981-01-31 1 PBOPEBTY shares led in baeyaat trading yesterday as the stock market rented real estate companies ta the wake of Ugh tender price* at the Urban Bedevetepment Aathorlty laad sales. Trading yesterday, the mest baeyaat this week, was, however, net confined te the pcopcrtj seetor.270 words
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504 1981-01-31 1 MALAYAN Tin Dredging (MTD) has given notice of proposals to merge with Malaysia Mining Corporation (MMC) in what is seen as a major streamlining move which will result in MTD becoming a mammoth tin company. In a very late and brief announcement yesterday,504 words
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Page 1 Advertisements
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Advertisement12 1981-01-31 1 The Straits Companies ximes Personnel; DIRECTORY Age Agencies 0* Singapore (Buku Merah)12 words
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Advertisement140 1981-01-31 1 ASIA RESEARCH BULLETIN i t» O 1 This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each140 words
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Advertisement54 1981-01-31 1 MO3 LEISURE TIMES INDUSTRIAL kygleae mrvlee needn't be expeaMve.—.......— S INVESTORS are (lading dlaOUR City Staff (PE)................. NEW trade nak Heme MARKET fer FRCDs I erlUekiu CROBBWORD t, TV AND RADIO WHERE TO WINE AND DINE 8 SHARE INFORMATION 11, COMPANY NEWS U Save 9S» wit* aa ■■ImlfHin. Rtag Betty54 words
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Advertisement271 1981-01-31 1 FOR PEOPLE WHO MATTER Is Oil blowing ICAP apart? ABQ 4th Quarter 1980 CAP does not appear to be working out very well. When Australia introduced ICAP some two years ago. it sought to create a lower ar fares market which would also boost the revenue of its national carrier,271 words
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REGIONAL
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524 1981-01-31 2 UPI NISSAN Motors of Japan has announced plans to build a new assembly plant in Britain, signalling the Japanese entry into the race among big-league car makers to build a "world car". The latest Nissan move, announced by company president Takashi IshiharaUPI - 524 words
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524 1981-01-31 2 Reuter CHINESE and Thai leaders yesterday held talks in Bangkok on the Kampuchean problem, apparently pouring cold water on Indochina's latest diplomatic offensive in the region. Chinese Premier Zhao Ziyang, who arrived in Thailand yesterday from Burma for a four-day visit, led hisReuter - 524 words
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174 1981-01-31 2 UPI JAPAN suffered a record current account deficit despite reporting its largest trade surplus in calendar 1960. This is because of a swollen invisible trade shortfall. Botn the Bank of Japan and Finance Ministry officials said in their revised joint monthly report that December'sUPI - 174 words
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177 1981-01-31 2 AP THE Indonesian foreign office said yesterday that it is waiting for the official report from its embassy in Hanoi before commenting on Vietnam's proposal for a conference between Asean and Indochina. A ministry spokesman said: "We are still waiting for an officialAP - 177 words
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252 1981-01-31 2 AP A SOUTH Korean company has won the right to develop with Indonesia's state-owned Pertamina oil company a potentialy oil-rich Indonesian offshore area, the energy and resources ministry said yesterday. The project is included in a bilateral government accord on oil andAP - 252 words
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291 1981-01-31 2 Reuter THE Dutch government has upheld its decision to grant export licences to the Rijn Schelde-Verolme shipbuilding company for the sale of two submarines to Taiwan despite strong protests from China. The cabinet decided last November to grant the export permits toReuter - 291 words
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Article, Illustration433 1981-01-31 2 UPI AFP PRESIDENT Marcos has moved to amend the Philippines' constitution to enable him to rule for another 12 years. The President's action came hours after he met with members of the ruling New Society Party on Thursday and told them he wants to seek aUPI; AFP - 433 words
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THE REGION IN BRIEF
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Article479 1981-01-31 2 Agencies UNREST in various parts of the country has convinced China's leaders that they could be facing a "Second Cultural Revolution" and they are planning steps to crack down on dissent, diplomatic sources said. In the last few months there have been a series of student demonstrationsAgencies - 479 words
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Article, Illustration346 1981-01-31 2 EXPECTED ARRIVALS TODAY &EPPEL WHARVES Iweri (1200) 20 East Jurata (2300 after Donam No 7, D/L) 33/34 Kota Buana (0700 after Kota Bali) 10/11 Koaho Mam (1500 tide) 19 Kimanis (0530) 20 West King Dragon (after King Pearl) 23 Ocean Hannonia (1500 after Anchan) 3/4 Sphinx U346 words
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Page 2 Advertisements
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Advertisement581 1981-01-31 2 Edward <\ THE PENGU *S§3S£o i A m*M !2&S* CCtfEftlTfCC I FUTURE POSITIVE Edwrd do Bono ulfc e tPI 1 liE A' H Edward de Bono writes here of the energetic eighties, of the I positive future we can have if we want it. Societies, like organisms, B develop certain581 words
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OVERSEAS
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572 1981-01-31 3 Reuter IN A MOVE to end the Gulf war, Islamic leaders have urged Iraq and Iran to declare an immediate ceasefire and said Islamic troops would enforce it. The warring sides were also told to accept the mediation of a committee headed byReuter - 572 words
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WORLD IN BRIEF
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Article529 1981-01-31 3 Agencies PALESTINIAN guerillas fired rockets into northern Israel for the second day running yesterday, slightly wounding three persons. The main target of the Lebanese-based guerillas was again the Israeli frontier town of Klryat Shmona. A spokesman said fire was not returned. However, the Israelis retaliated with an airAgencies - 529 words
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846 1981-01-31 3 ACCUSED OF DESTROYING SOCIALISM NYT Reuter ASSERTING that the country is threatened by creeping anarchy, the Polish government has declared that it is prepared to take the necessary steps to keep strike-bound enterprises open. This is the most forthright warning that PolishNYT; Reuter - 846 words
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Article493 1981-01-31 3 Reuter PRESIDENT Reagan and Secretary of State Alexander Haig, in a move that could further Jolt the shaky base of US-Soviet detente, have launched America's strongest verbal attack on the Soviet Union for more than 25 years. In consecutive press conferences, both Mr Reagan andReuter - 493 words
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Article723 1981-01-31 3 ARRIVALS Service Local Operator Number Time From PAA PA0C6 0030 JEK/SFOHKG MAS MH601 0630 KUL CAL CI331 0700 TPE FT FT71 0710 JFK/ORD/KUL SIA SQ101 0815 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN MAS MH671 0930 KUL SIA SQ211 1000 HLP CAL CI814 1000 HLP723 words
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378 1981-01-31 3 NYT IN A move said to have angered Secretary of State Alexander Haig, Budget Director David Stockman has called for a drastic reduction in US aid to the least developed countries. The proposed cutback, the largest since foreign aid became aNYT - 378 words
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239 1981-01-31 3 UPI BRITISH Prime Minister Margaret Thatcher has resolutely backed the new US policy towards the Kremlin, saying Nato countries should show the US we are with you" in the absence of any genuine Soviet interest in detente. In a speech at the annual Pilgrim'sUPI - 239 words
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Page 3 Advertisements
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Advertisement56 1981-01-31 3 The organisers of turn cordially invite you to an exhibition sale of antique reproduction furniture, antique ceramics, carved wood, prints, paintings and other curios at the HANDICRAFT ANTIQUE CENTRE Pte. Ltd. 889-891 East Coast Rd., S'pore 1545 (Between Siglap Market Ocean Cinema) from Friday 30th January to Sunday Ist February56 words
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Advertisement199 1981-01-31 3 M ******000 MSMNnOI m+joaajoco M *****.000 MtT2.000.000 hrt BoM *rr+ Arrwngmt and Pw Kted by \bu can depend on us Since we began operation in June, 1978, our Bank has been actively providing injections of capita] for industrial and agricultural development in the State of Sabah. Up to the end199 words
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RAW MATERIALS
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Article286 1981-01-31 4 THE week saw an overall gain of three cents after experiencing a decline and full recovery in moderate turnover, says Hcttday, Catler, Bath aad Cwnpoay in its latest review of the Singapore and Malaysian rubber markets. Renewed stale bull liquidation on lack of overseas interest, and286 words
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Article157 1981-01-31 4 SOYBEAN futures in Chicago on Thursday closed weak, down 26 to 21 cents a bushel in hectic trade. Prices settled near the low side of a 24 cent range. Values declined from the start following the recent surge in the dollar and lower precious metal prices. Sources added that157 words
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Article163 1981-01-31 4 WHEAT futures in Chicago on Thursday closed 6*4 to 14 V« cents a bushel lower in hectic trade. Prices settled near the middle to low side of a 14 cent range. Late commission house buying edged values off day's lows, traders said. However, aggressive local long liquidtion on rumours163 words
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Article199 1981-01-31 4 THE Singapore market yesterday closed slightly easier with February One RSS buyers quoted at 284.25 cents a kilo. Prices were marked down 2.50 cents at the opening following easier overnight -London advices. However, the market recovered most of the losses subsequently on trade and speculative buying to close the199 words
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Article324 1981-01-31 4 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt (.o.b. 282.00 283. OON Int. 1 R.S.S. February 284.25 284.75 Int. 1 R.S.S. March 286.75 287.25 Int. 2 R.S.S. 267.00 268.00N UK/Cont 266.00 267.00N Int. 3 R.S.S. 264.00 265 00N UK/Cont 263.00324 words
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Article128 1981-01-31 4 NOON SSR and SMR k 1 1 RA8 February March (Current Mtfcl (Forward Mtb) Buyers Sellers Buyers Sellers SSR 20 <1 toe i pallet) 245.50 246 MS 247 00 249 00N SSR SO (1-tOf i pallet) 242 00 243 00N 243.50 245 SON MRELB SMR CV (lux128 words
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Article73 1981-01-31 4 THE STRAITS tin price In Peiftig yesterday rese five eents te MsttJ7 s klle, still within the International Tin Agreement's middle esc range of $31.11 te 74, dealers said. Slightly higher ever* night Lsnden advices and further strong buying support from Japan and locally outweighed higher offerings of73 words
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Article34 1981-01-31 4 Rubber: Jan 30 Singapore: February: 284.25 cents (down 0.75 cent) Malaysia: February: 304.50 cents (down 1.50 cents) Tin: M $30.37 per kilo (up 5 cents) Official offering: 230 tonnes (up 38 tonnes)34 words
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Article121 1981-01-31 4 Reuter INDONESIA plans to import 1.25 million tonnes of rice, 1.07 million tonnes of wheat and 500,000 tonnes of sugar in fiscal year ending March 1982, Indonesia's finance minister, Ali Wardhana, said. The minister, speaking at the house finance committee session on Thursday, gave no comparative figures,Reuter - 121 words
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Article175 1981-01-31 4 CHINESE Pradsee Exchange, SUgapare, cMag prion per It* kg yesterday. CWWHI «II: Bulk fob $129.00 sellers, old drum (in second hand drum) fob $139.00 seller*, new drum fob (145 00 sellers. Cepra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $432.50 sellers, Sarawak white pepper175 words
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Article171 1981-01-31 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE. 100 per cent first class (Kangaroo) new crop 1.17, 100 per cent second class 0.97, 100 per cent third class 0.96, 25 per cent new crop no stock, B-10 per cent 0.85. THAI BROKEN: A-super 0.77, Special 0.75.171 words
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298 1981-01-31 4 Reuter MALAYSIAN crude palm oil output is forecast to rise 11 per cent to about 2.86 million tonnes in 1981 from an estimated 2.56 million in 1980, the Palm Oil Registration and Licensing Authority (Porla) said. In its January palm-oil update bulletin, PorlaReuter - 298 words
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Article915 1981-01-31 4 COfFEE: Robusta futures yesterday closed the morning steady, unchanged to £11 a tonne up from Thursday. Turnover was 853 lots including four options and around 175 lots of cross trades. Spot Jan ahead of yesterday's expiry closed unchanged trading one lot at £952 just two above its contract915 words
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Article127 1981-01-31 4 THE Kuala Lumpur market was slightly lower yesterday, mainly because of lack of buying interest ahead of a long weekend, dealers said. February in the central region fell Mss to $1,000 a tonne while in the north it eased $2.50 to $1,005. March, in the north slipped $10127 words
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ASIAN STOCKS
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521 1981-01-31 4 TOKYO SHARE prices yesterday rallied on bargain hunting after Thursday's sharp fall but' trading remained quiet, dealers said. The market average rose 38.89 to 7,254.01 with volume 280 million shares. The Tokyo Stock Exchange index rose 2.02 to 508.88. Cars led the recovery with521 words
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Article364 1981-01-31 4 THE market continued to drift in the absence of any new news, locally or abroad The confirmation of the rumours concerning the sale of the Realty and International buildings caused the market to open higher, but after the initial wave of buying wore out, the market turned dull and364 words
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Article220 1981-01-31 4 THE Australian all ordinaries index, down 1.9 points just before the BHP announcement, finished the day 6.2 points weaker at 657.1. JAN 10 Cnu INDUSTRIALS A C 1. 210 A N L 310 A P M 215 unch Ampol Pet 172 unch B H P 1450 -40 Bank NSW220 words
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Article256 1981-01-31 4 STOCKS closed mixed yesterday although many shares remained unchanged in slow trading, dealers said. Saha Union rose one baht to 196 and First Trust 0.50 to 65, while Rama Tower and United Flour Mill dropped one each to 86 and 164. JAN 30 BahU Asia Credit 124 4-1 Asia256 words
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Article139 1981-01-31 4 THE stock market yesterday continued its downward trend as turnover fell to 1.8 million pesos from 9.01 million on Thursday, dealers said. Losers were Philex B, Oriental B, Pioneer and Ist Phil Holdings while the rest were unchanged or untraded. JAN 30 Pesos Acoje Mining 006 -0 0002 Alias139 words
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Article50 1981-01-31 4 FINANCIAL TIME8 INDUSTRIALS Thursday 463.1 Wednesday 450.4 Week Ago 4671 DOW JONES AVERAGE INDUSTRIALS Thursday 04MB Wednesday MiSB Week Ago »40.44 HJLHANG 8ENG Friday IMK* Thursday 1984.43 Week Ago *****2 AUSTRALIAN INDUSTRIALS Friday «7.6 Thursday 667.0 Week Ago «7 8 ALL ORDINARIES Friday Thursday JgJl Week Ago 000-250 words
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Page 4 Advertisements
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Advertisement165 1981-01-31 4 AN INVALUABLE GUIDE to the banking, finance and insurance community ,v: mm r/T i f4 r v J»S •"V -W 4 B&? r*, j' •WqjV a copy Available at all leading bookshops and emporiums Published by: TIMES DIRECTORIES (PTE) LTD 530 Cuppage Centre. 55 Cuppage Road. Singapore 0922 Telephone *****11165 words
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TRADE AND INDUSTRY
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Article, Illustration660 1981-01-31 5 SMALL and medium size manufacturers of packaging materials should pool their resources, particularly if they wish to automate their production. The pooling of resources will not only allow them to buy better equipment but will also help them overcome some of the difficulties associated with automation.660 words
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305 1981-01-31 5 THE National Safety Council has set up an Occupational Hygiene Unit to provide low cost industrial hygiene services to medium and small industries. The unit will help and counsel industries on all aspects of occupational health and safety, said the council's honorary director, Pboon305 words
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Article143 1981-01-31 5 THE second international rubber and plastics exhibition for Asia will feature machinery and technology in the rubber and plastics industries in South-east Asia. The exhibition, Rubberplas *82, organised by Industrial and Trade Fairs International, is in response to the success of the first exhibition, Rubberplas '80.143 words
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Article147 1981-01-31 5 THE newly-registered Restaurant Association of Singapore has invited all registered restaurant owners to join it. The association's committee, elected at the first general meeting held on Dec 15, last year, said the association was formed to raise standards in the food industry. The association hopes to promote the147 words
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Article380 1981-01-31 5 RONNIE LIM - By RONNIE LIM A SINGAPORE company, Fiffes, has secured a major order from China for several thousand motorised bicycle engines. The order for Solex 48 cc moped engines, worth more than H million, is placed by an official Chinese buying agency for machinery. Cesar A.Dunkel,380 words
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Article337 1981-01-31 5 BEXONABS AND COUBBES Jan 26-31: S.T.E.P. (Quality Control) Circles, Holiday Inn Hotel, Singapore Institute of Standards and Industrial Research/Singapore Quality Reliability Association/Association of Electronic Industries, Singapore Jan 29-31: Seamec Council Meeting, Regional Language Centre, Ministry of Education Feb 9-Mar 11: Basic Course in Microprocessors Module 2, YMCA Palmer337 words
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Page 5 Advertisements
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Advertisement74 1981-01-31 5 MALAYAN UNITED INDUSTRIES BERHAD (Incorporated in Malaysia) Malayan United Industries Berhad announces that, with effect from 23rd January 1981, the Registered Office has been changed to 15th Floor Wisma MPI Jalan Raja Chulan Kuala Lumpur 06-10 and the Share Registrars to Pan Malaysia Management Sdn Bhd 15th Floor Wisma MPI74 words
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Advertisement161 1981-01-31 5 Subscribe 10 Business Times now and gel 41 issues free Subscribe to Business limes directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly to us. If you subscribe now, you pay161 words
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Article377 1981-01-31 6 SEMINARS, conferences and talks have become standard fare in Singapore. It is a wholly acceptable development that more and more Singaporeans should be willing to sit themselves down in a room for any number of hours or days, with an assortment of their fellow beings, to377 words
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259 1981-01-31 6 ACCUSING fingers have often been pointed at property developers for causing land and building costs to soar without restraint. But it should also be remembered that the URA, in its attempt to increase the supply of land for development, iSyat the same time also fuelling259 words
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Article, Illustration991 1981-01-31 6 DAVID CHURCHILL - More breweries in Britain will shut down than open this year. It is estimated that beer-drinkers drunk about 400 million fewer pints last year than the year before. Recession, higher prices and bad weather have cut beer consumption drastically, DAVID CHURCHILL reports. DAVID CHURCHILL FTFT - 991 words
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Article849 1981-01-31 6 BARRY JAMES - By BARRY JAMES UPI CONTROL of Britain's opposition Labour Party has largely been taken over by trade unions, raising the spectre of Tammany Hall-style politics in the mother of Parliaments. The issue, which poses the possibility of galloping Marxism in Britain, is of crucial importance not onlyUPI - 849 words
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Page 6 Advertisements
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Advertisement353 1981-01-31 6 ACQUIRE COMMERCIAL and PROFESSIONAL QUALIFICATIONS through Correspondence College LONDON Pitmans the oldest correspondence college in UK has since its foundation in 1840 been guiding, tutoring and leading students from all over the world to commercial and professional qualifications that have opened doors to successful careers. You too can now achieve353 words
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Page 6 Miscellaneous
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Miscellaneous38 1981-01-31 6 ODD Hwnoe. f&fc such \a R SPOT... B Wv4v/ IS IT SO CPOAEOpJ} WTfl ITney DO Sfvy s/epißs RGO nsm's OUT\HG RXJR CliEftKS D»SRp9ep\(3eD &ND UJefce SGj£N *G>fMN f)/Wxw />■'," IL-x TS Rri Stow: PmiiK Dicfcens 3T T» mill38 words
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Miscellaneous1400 1981-01-31 6 Clint Eastwood movie leag-ewaltei msvle iuh la aettea la New Or- tMr ietermlaatiee te tree Cllat EutwMd i- leaas la a VIA light- their lather (rem the Cylea aai acted la, Play Heavyweight Champieashlp warders, they eadaager Per Me, starts at aaateh ea Sep 15, IfJS. Starhaek'a life. Charles It1,400 words
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Article, Illustration1321 1981-01-31 7 FREDERICK WINSHIP - The diamond market is the most stable of the world's currencies. Yet in recent months investors and dealers have found diamonds to be unfaithful companions. Their wholesale price has tumbled since last spring. FREDERICK WINSHIP reports. FREDERICK WINSHIP UPI THE DIAMOND market provides the world with itsUPI - 1,321 words
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Article, Illustration938 1981-01-31 7 SANDRA SALMANS - By SANDRA SALMANS NYT DIAMONDS may still be a girl's best friend but they have proven to be unfaithful companions for investors and dealers in recent months. After soaring last February, the wholesale price of diamonds fell steeply last spring and has continued to drop steadily thisNYT - 938 words
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Article1095 1981-01-31 7 MARGARET THOMAS - FORUH with MARGARET THOMAS MONEY is a great temptation. Hardy souls here, principled beings there, rebellious and devil-may-care spirits somewhere may jump up to deny that it is so; that the prospect of money and more money is not the magnet that keeps or will1,095 words
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Page 7 Advertisements
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Advertisement95 1981-01-31 7 M,». 8000 o Nl.iis b BUO Mr 1 First' iiil mt) Authors s Romances by the most popular Mills Boon authors: SANDSTORM by Anne Mather LORD OF THE HIGH VALLEY by Margaret Way MAN'S WORLD by Charlotte Lamb ENEMY IN CAMP by Janet Dailey NOW ON SALE AT YOUR REGULAR95 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article200 1981-01-31 8 JAS 29 Us ADfj ***** -2 Ahold 68 30 unch Akzo 1600 -0.4 AMF.V 9250 -0.9 Amfas 116 50 unch Amrobnk 55 80 -02 tier go vi 18.60 0.1 Berk 45.50 0.5 Bols 53 00 -02 Borsunnj 223 00 9 Burhmann 56.20 -0.3 Byrnkorf 37 20 02 C a200 words
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Article286 1981-01-31 8 JAN 29 Frs CORBEILLE Air-Liquide ***** -09 B S N Oervais Danone 992 -17 C S F < Thomson Cst) 358.10 -09 Cw Francaiv des Petroles 207 -5.5 Compagnif Financiere Compagme Generiif 368 -2 Credit Foncier De France 403 -6 Harhelte (Librairie I 360 3 Machines Bull 54 80286 words
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Article224 1981-01-31 8 JAN 29 1 Dm Arg-Telelunken 67 50 Akzo 14 90 -01 Alii Lrben 1051 00 -38 Allz Vers ***** -4 BASK ***** 0.2 Bay H T Wbank an so li Boy Vbarik 291 00B -2 Bayer 100 80 07 BBC 258 00 unch BMW 147 SO 25 Cavselli 105224 words
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Article85 1981-01-31 8 JAN 20 FY* FORWARD MARKET 275 unci) Arbed 1040 -20 Aslur 360 •M Brasran MO 10 Br u-Lamb •10 0 1158 14 Cock 188 11 l> Bffri 288 -2 j 1700 40 Electxobel 2000 80 Gb-Inno-Brn 1065 -30 fl#K lf —T-—„ 1200 -4 Ho boll 2525 -45 Prlro 502085 words
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Article181 1981-01-31 8 JAN Krancs Aruon* Suuifi Alusuuse Br Alusuuse Ref mo 1070 us •1 IS •1 Jrovn Boteri Br Clb» Getty Br Clba Gelt) P C Clba Geify Credit Suu» Br Credit Suisse Ret 1330 MO 760 iS6 2S00 <50 -IS -IS •10 -4 -00 Eleklrowatt Br George Furher Br Globus181 words
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Article102 1981-01-31 8 jan a Lire AMC liC -01 Assoc Gen U3800 ■680 BtsUifi w# 5 Central? ***** 1886 Flat ran n Finsider 8525 1 25 Gen Inimob 2575 46 m Pn 5482 282 lukfnrnu ***** 250 IUI|U 1770 30 llaluder TMt 50 10 M>(iwtl M PI 635 Marrlii Ere 371 -r102 words
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Article189 1981-01-31 8 JAN C* ♦yAbiUbi 24 Alran 3* < Atfoma 41 Bunk Mont 30 unch Bank Nova SroUa S3'. Br II Tel 19'. Beth Corp BP Can Lid ZZ 30 Bravun 34'. Camp Red Lake «0 ♦J'4 Can Imp Bk 29 i Canpac 42' >1 Canpac In* Pf Curling O'Keele Cominco189 words
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Article317 1981-01-31 8 JAN 29 Rand INDUSTRIALS A Alpha 375S -5 Abercom 285 10 At And CI no -5 AMIC 2300 unch Barlows 975 -25 Cg Sugar 1800 ■335 C'N A 5206 Currie Finance 195 Dr Beers lnd Edcon 6108 unch Edgars aeoots -100 Kvrrrad) Fed Vott 460 unch FU(H 230 unch317 words
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Page 8 Advertisements
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Advertisement741 1981-01-31 8 See Page 8 for Asian stocks and Page 9 for NYSE prices Where to wine, dine and entertain Snacks for your island treks I > r Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef k. Bun Pack Lunch Open: Monday Friday 10.00 a.m.741 words
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Advertisement64 1981-01-31 8 *<r=> GJ 110 restaurant Try our sumptuous delicacies from the Hunan Province. An Oriental dining experience. Business Hours: Daily 11.30 am— 2.30 pm 6.30 pm 10.30 pm 214 Dunearn Road. Singapore 1129 Tel: *****49,*****22 ext 126 SUNDAY SPECIAL 12noonto 2.30pm BUFFET LUNCH A sumptuous selection of Eastern and Western dishes.64 words
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BANKING AND FINANCE
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Article665 1981-01-31 9 ALVIN TAY - By ALVIN TAY THE SINGAPORE-based Floating Rate Certificate of Deposit (FRCD) market recovers from its one-month lull with five new papers worth US$l35 million All five issues will be floated next month. Two of the issuers are newcomers to the market. Both the Philippine National665 words
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Article168 1981-01-31 9 THE BOARDS sf director* sf the Ssath British Imruee Cempaay Mi Ike New Zealui Imruee Cempaay have decided to merge the ■pwrafla— tt the tws cempaales. They will reeemmead to their rtiwfciMen that they eeavert their shares la the twe ewnpuiet into the shares to he Issaed168 words
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MONEY AND EXCHANGE$
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Article533 1981-01-31 9 TRADING was difficult yesterday in a thin and nervous market with the US dollar strengthening against all major currencies. The greatest fluctuations were seen in the trading of yen against the US dollar. Opening at 204.30, the dollar strengthened considerably to 206.15/25 when the Tokyo market closed. When533 words
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Article753 1981-01-31 9 JAN 29 ACF Industries (J St SI Contl Op ConU Oil 33'i 611 65 2 -S Addressograph Alrco Inc 13'. Corning Glasa SO'. s Alcan Alumin Allegheny Lud Allied Chem Cp 32 S. 37 SO'. -1 Crane Co Crown-Zellbach 40'. 46 -1 Allied Stores Allla-Chalmers Alumhqo Amer753 words
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Article190 1981-01-31 9 SINGAPORE gold futures yesterday closed easier compared with overnight levels in moderately active trading, dealers said. Total sales for the day was recorded at 188 lots while volume for kerbs was at 243 lots with interest mainly centred on February, April, June and August contracts. February closed easier at190 words
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Article30 1981-01-31 9 Mew York Zurich n«a 14.28 IS.T0B 14.108 PH 11.40B U.M6 1UB U.MB a np pore 1XT5B 11.35B 14.158 13.C5 CW*taf prtc In US d biUn a troy ounc30 words
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Article96 1981-01-31 9 THE dollar was static against other major currencies in featureless late Hongkong trading yesterday, with little movement from the opening, dealers said. The main movement of the day was the dollar's gain against the local Hongkong dollar which weakened to 5.2740/80 from its earlier 5.2650/70, largely because of dollar96 words
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Article107 1981-01-31 9 THE US dollar for overnight delivery yesterday closed firmer at 205.20 yen compared with a 204.30 opening here, a 204.30/50 closing in New York, 204.30/40 on the West Coast and 203.80 here on Thursday, dealers said. After opening firmer fol- lowing Its firmness in New York overnight, the dollar107 words
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Article48 1981-01-31 9 Opening quotes yesterday: US 2.3840/50 CM 2.8473 514 Cnm -1.1*1/64 D Mk 5.0260/0350 D F1 5.4525/115 S Ft 4.5425/5535 B Ft (con) §0.«/« F Fr -11.5700/925 Lit 2382.00/2306.00 Yen 488 89/489 71 D Kr 15.9875/4075 NKr- 12.9030/210 S Kr -10.8625/775 Aw sch 95.52/80 Port —132.25/75 Spain 196.51/9148 words
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Article45 1981-01-31 9 RESULTS d tender held yesterday for 91-day Treasury bills to be lud tram Feb 2 to 4: Offend: 180,000,000 Anted tor: $130,000,000. ll'lMii: 180.000,000. Allifill Mdit mM approximately per cent and higher fafck In full. m tSSSmI: 4.930 per cent per aam45 words
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Article22 1981-01-31 9 THE average rate at which major Singapore banks are currently prepared to lend to their host customers is 14.5 per cent.22 words
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Article179 1981-01-31 9 ASIAN ASIAN currency deposit Interbank rates as at close on Jan 30: Offer Bid 7 days 17 15/*****3/10 1 month 17% 17V« 2 months 18W 18'* 3 months 1711/1617 0/16 6 months 16% 16% 9 months 15 15/16 15 13/16 12 months 15% 15V« 8w.Tr*. Dm IMUJU > 1 month179 words
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Article43 1981-01-31 9 RANGE ot price* offered by discount houses on Jan 30: Overnight: TW% Call deposits: «H* to 7WW Closlac taytacMHac 3-month Treasury bills 7 3-month Bank bills 14* 14* 3 months CD 12% 12H 0 months CD 12* 12 B—rea: WiMiml Mill—t Co.43 words
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Page 9 Advertisements
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Advertisement237 1981-01-31 9 11 ---jg fe K<_ j 4 sfey~ >f*' i® n dl 3«B rt rTS2t' "*3R > *W v .i r -Jeuri .ts*: Je^-—•-#-- r .j; r u >S VZJL 1 r ViM«T\ i.'- »•>:•"• •-:Jgfe v 3gr'. T f'. 1 %< gSZJOfta&M? ■n*- T 'I* m ;a=ssa^»e.fr4^ v «R. <MM237 words
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1834 1981-01-31 10 BID aad after price* offlrially listed aad business in and reported to the Stock Exchanfe of Mm*pore ywbrrtiy with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise wpeantQ. SECTION ON* INDUBTBIAL COMMKBCIAL Aaaa (1348 1386)1,834 words
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Article150 1981-01-31 10 ■ngatmk war tmi J8T prteee krPk *•> The Commerce 151 J. 71 The Sa vine* Fund 1U is S'pore Prof Fund 1.S3 vm S pore Sec. Fund ijo io S'pore Invert Fund 101 iu S'pore Equity Fund 141 1.50 AJHA UNIT T BUR (Me—fen' prteee tar Fe kt)150 words
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Article2700 1981-01-31 10 1M0/1M1 Hlgk Low Coatpaay Last Sale +or-Gr-a Die Die CVr Gr'a YTd Net P/E Vel (■OOO) Day High Low 8BCTION ONE INDUSTRIAL A COMMERCIAL m 900 166 m 430 ib sn MA 40t <10 MO 2B 110 IB ss* 00 375 MO* 107 Aetna Alcorn Allied Choc2,700 words
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Article1914 1981-01-31 10 BID and offer prices officially listed and l—til— In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of Sharea traded shown In brackets In lots of 1,000 units, unless otherwise specified. INDUmiALS Atom (IMB IBS) (J) 2.M (2) ltt (5) IB (1) 1»1,914 words
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Article, Illustration637 1981-01-31 10 sftarto a day s( risstog activity at the Steeh Kxehaage d SlagaThe itnag tarns at tor cum ea the haeh ef everwhelmlag respease far ehstee altos la the Urhaa ■ataTßlapaaaat The atoeh market waa fatoh to re-rato ptspnlj eaaatora Jast aa aae eeaslderattaa that prspertj prtees637 words
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Article581 1981-01-31 10 THE Kuala Lumpur stock market rose to higher levels yesterday despite profit-tak-ing which trimmed gains in the latter stages. Share prices were marked up on opening. Throughout the morning session, buyers remained virtually in control of the trading floor. However, some selling was seen in581 words
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COMPANY NEWS
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Article622 1981-01-31 11 BOVIS SEA's appeal for the lifting of the suspension in the trading of its shares has come up against strong resistance. The company must first supply the information the Kuala Lumpur Stock Exchange seeks following the announcement last week of plans to acquire Promet Pte, Pertama622 words
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Article161 1981-01-31 11 THE Negri Sembilan state government and the Malaysia Mining Corporation (MMC) will form a jointventure company to undertake tin exploration in the state. Under the agreement signed on Thursday in Seremban, potential areas will be explored to determine the quantity of tin deposits.161 words
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Article88 1981-01-31 11 MR E E Kahlenberg, chairman of Pan-Electric Industries, has resigned as a director of Pegi Malaysia on Jan 22. Three new directors, Mr Lim Teck Meng, Datuk Seri Hussein bin Mohamed Noordin and Mr Mohamed Ibrahim bin Mohamed Zain were recently appointed. Pegi now has six88 words
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316 1981-01-31 11 THE Ford Motor Company of Malaysia plans to plunge back with vengeance into the highly competitive 1,200cc-1,300cc car market with its introduction of the Ford Laser. In the commercial market too, it plans to bring in a whole range of Japan-sourc-ed vehicles to316 words
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Article459 1981-01-31 11 By THE CITY STAFF LONDON stock broking firm Laurence, Prusi and Company has singled out Hume (Far East) as an attractive investment in view of its better earnings prospects in the current year. It has forecast the company's net profit to improve by 14459 words
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243 1981-01-31 11 CITY Developments yesterday confirmed that it is negotiating with the Yong family for the acquisition of Slngapura Development. In a letter to the Stock Exchange of Singapore, merchant banker Morgan Grenfell, on behalf of City, said: "Discussions on Slngapura Development have taken place over243 words
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LATEST RESULTS
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Article86 1981-01-31 11 has announced an unaudited net profit of M$4.80 million («2J9 million previously) for 1900 on turnover of $30.93 million ($11.31 million). Tin ore production amounted to 15,880 pkruls (7,890 picnls). A final dividend of 85 cents per $1.00 share gross (same) will be payable on April86 words
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Article26 1981-01-31 11 made a group pre-tax profit of J8T0,2D9 for the interim period ended Oct 31, 1980 against $728,635 in the previous corresponding period.26 words
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Article414 1981-01-31 11 Pahang Coos Rothmans Ayer Moiek S P Textile M U I Lingui Dev vimi« Skttm K em pas Ben La MBS i I ©lawfl F I F F F I I I I F Onto burtymr It/11 a/i a/1 an 4/1 11/1 n/i 11/1 14/1 14/1 Net <«414 words
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Article527 1981-01-31 11 wm® mm by HOCK LOCK SIEW STOCKBROKERS are undoubtedly the most sought-after people in town these days. Trying to put a call through to one's broker is even more difficult than trying to call a disc jockey to play your favourite song over the air, an investorby HOCK LOCK SIEW - 527 words
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Article268 1981-01-31 11 THE gi 1 fjimpn* stock Exchange said it has suspended trading in the shares of Sjrarlkai Malayria Textile UhMs IU at the request at the company pending an announcement. THE Kuala Lumpur Stock Exchange said shares in Ceatral Seeartttes (Holdings) Mi will be quoted under its new name268 words
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In Hongkong...
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178 1981-01-31 11 Reuter said they have agreed to sell two Hongkong buildings for HKS2.23 billion. the properties are international and realty buildings in central bong kong and are currently owned by a Joint venture formed by the two companies in august 19». theReuter - 178 words
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Page 11 Advertisements
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Advertisement433 1981-01-31 11 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage433 words
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Advertisement129 1981-01-31 11 From now on the others will have to try harder! I This is what car rentals are all about. We offer a 9 near perfect a service as you'll ever get. Because the only cars we rent out form part of our franchise range. Which means that every car rented129 words
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Article483 1981-01-31 12 THE Nanyang Technological Institute officially begins staff recruitment today with advertisements in major local and foreign press. This was announced by Cham Tao Soon, dean of the engineering faculty of the National University of Singapore and chairman of the institute's planning and development committee. Professor Cham483 words
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Article, Illustration208 1981-01-31 12 Reuter PRIME Minister Lee Kuan Yew, in Sri Lanka on a three-day visit, was briefed yesterday on the giant Mahaveli River Basin project, which Colombo hopes will boost its economy. Mr Lee, who arrived in Colombo on Thursday night, was briefed by the minister in charge ofReuter; UPI photo. - 208 words
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Article807 1981-01-31 12 LONDON, Fri. Government bonds turned mixed this afternoon but equities and gold shares generally steadied around the higher levels, dealers said. At 3pm the Financial Times index was up 2.3 points at 465.4. Government bonds opened strongly and the government broker supplied the Exchequer 12 per cent 1985807 words
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332 1981-01-31 12 A NEW aalea tar warkers la Ike heal traaspsrt Mutry will be tamed In Ike Hit t«l to tkrae mentlw. A pra-tom r—indttee af rfgfct kas keea spprialil to lask Into tke ftaal details seek as drafttag sf tke esastltattoa, estimating tke aatoa's332 words
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473 1981-01-31 12 LILLIAN CHEW - By LILLIAN CHEW THE President of the Singapore Computer Society, Mr Robert lau, has strongly urged Japanese computer giant NEC to live up to its community responsibility to Singapore. Speaking at the official opening of the NEC ACOS Computer Centre yesterday, Mr lau called on the473 words
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449 1981-01-31 12 THE Urban Redevelopment Authority's sale of sites came under criticism again yesterday, this time from a local architect and an academician. Henry Loo of Pan Malaysian Group Architects said one of the primary reasons for spiralling building costs is the tender system of449 words
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Article253 1981-01-31 12 THE SINGAPORE Chinese Chamber of Commerce and Industry (SCOCI) is conducting a survey among its members on various economic issues. It has sent questionnaires to about 3,000 of its members and business associations seeking comments on the effects of the wage increases of the past two253 words
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Article90 1981-01-31 12 AP NEW YORK, Fri. Stock prices edged higher this morning amid signs that the American economy may be weakening. The Dow Jones average of 30 industrial stocks rose 2.90 to 961.79 in the first half hour. Advances outnumbered declines by a narrow margin. The US Commerce DepartmentAP - 90 words
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361 1981-01-31 12 THE Australian government has come out strongly, denying any discriminatory practices against Singapore Airlines. Australian High Commissioner Geoffrey Price yesterday assured Mr SR Nathan, Permanent Secretary at the Ministry of Foreign Affairs that there was no question of SIA being deliberately singled out. He361 words
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Page 12 Advertisements
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Advertisement82 1981-01-31 12 Leader... Page C 0 D AAD*> <\ ni hao ma? Leant to Speak Mandarin Quickly with this easy-to-follow learning package SBC's "Mandarin by Radio" lessons recorded on sound cassette tapes together with companion texts in comprehensive books provide simple lessons for all who wish to learn to speak Mandarin quickly82 words
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Page 12 Miscellaneous
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Miscellaneous59 1981-01-31 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hnri prior to 7J9 p.m. m January M at the airpart. Maximum temperature 31.8 Associated humidity 61 Minimum temperature 23.0 Associated humidity 96 Hours of sunshine 7.15 Rainfall in millimetres 3.1 Total rainfall for the59 words
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LEISURE TIMES
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Article163 1981-01-31 13 AC A "WOLF" will usher the Year of the Rooster at the Sbangri-La. Lobo, which in Spanish means wolf, will perform at the Island Ballroom from Feb 4-7. Lobo's real name is Kent Lavoie, and it was he who gave us "Me And You And A Dog NamedAC - 163 words
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Article, Illustration861 1981-01-31 13 Who says well-heeled Singaporeans are not willing to do social work? We have found one who does, and does it so well that he will be presented with a prestigious award by the Lions International Foundation. His name is Looi Im Heok, former motorcycle racing champion,SC - 861 words
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Article, Illustration372 1981-01-31 13 WONG AI KWEI - Aboard the QE II By WONG AI KWEI THE GREATEST ship in the world, the luxury liner, Queen Elizabeth 11, will be coming our way again on its 1981 cruise around the world. The trip includes a five-day stay in Nairobi. Built almost 12 years ago by Cunard372 words
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Article435 1981-01-31 13 SALMA KHALIK - WEEKEND GOURMET By SALMA KHALIK IN THE HOTEL line, airlines and travel agents are probably very important as they contribute to the bulk of the industry's business. Very important people have to be treated specially. You send them lovely cards and diaries, and you throw lavish parties to435 words
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Article556 1981-01-31 13 BIBIANA CHOO - By BIBIANA CHOO FILM-GOERS who missed the brief re-run of "The Little Prince" at the Premier need not dismay. The Singapore Film Society will be screening the film at 8 tonight at the RELC Auditorium. For those unfamiliar with Saint-Exu-pery's much-loved book, the story goes like this556 words
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Article, Illustration143 1981-01-31 13 CHINESE aattqae eelleeters cm still eateh a gttmpae af a (airly large celleettea af eenuaics aad tradltieaal CMaeee ehjeets Main at the Lapaa eelleetiea la Eaat Ceaet evea IT yea are aet a keea ealleeter af aattqaee, yea eaa >011 laerarl at the iatrieate carriage aad artwerk appaw*143 words
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Article, Illustration549 1981-01-31 14 CHARMAINE CHAN - A new sponsor has joined the local golf circuit. CHARMAINE CHAN gives you the details. In the story below, she discusses the grouses aired by participants o! the Singapore Golf Association (SGA)'s trials. CHARMAINE CHAN THE HOUSE of Dunhill enters the arena of golf sponsorship in Singapore549 words
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Article, Illustration892 1981-01-31 14 RONALD KOW - mm® By RONALD KOW NOW THAT we have had more time to reflect on last Sunday's Malaysia Cup tie between Singapore and Selangor at the National Stadium, we may perhaps want to talk about it even more. On Saturday morning, the day before the "big match",892 words
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Article248 1981-01-31 14 TODAY GOLF: SICC. The quarterfinals of the International Cup will be played this afternoon at the New course with the time sheet as follows: Heah Hock Heng A C Arul vs S Murata A Y Kamitakehara; Gary Yeo A Ng Jui Ping vs T C Lau A248 words
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Article118 1981-01-31 14 THE COST sf holding the IK2 Asian games la New Delhi may sear to seven Milton rupee* and torce the ladiaa government to delay it, the Indian Express newspaper repsrtod yesterday. The geverameat said earlier that It will spead ahsat »4 mllltoa rupees sa the Ninth118 words
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676 1981-01-31 14 YOU CANT please everyone or so it seems judging from some of the complaints heard about the Singapore Golf Association's designated trials for selection of its representatives to overseas tournaments. Despite coming up with a new mode of selection to pick golfers who676 words
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Article, Illustration1218 1981-01-31 14 HOTORIie with Hermes IT HAS BEEN a rather traumatic experience after a weekend with Alfa Romeo's flagship, the Six traumatic because this must surely be the first Alfa of which I am not wildly enthusiastic. But don't go jumping to the conclusion1,218 words
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Page 13 Advertisements
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Advertisement122 1981-01-31 13 BUSINESS TIMES GIVES YOU THE EDGE o\ I:\T r i<j:... —I————Hin——rntmm STARTING in about two weeks' time is the Dunhill Golf Classic, with a total prizs monsy off $15,000. Taiwanoss Chang Chung-Fa mads a rscord in 1978 with a thrse-under par 66. Doss snyons wsnt to improvs on that? MOANS122 words
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Advertisement10 1981-01-31 13 [BUSINESS TIMES When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous515 1981-01-31 13 WHAT WHERE V RECITALS PIANIST Bernard Ringeisoen will play the Concerto No 2 of Camille St Saens under the direction of Choo Hoey. The performance, started last night, continues this evening at the Victoria Concert Hall. Organised by the French Embassy, Singapore Symphony Orchestra and a French airline, UTA. Tickets,515 words
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