The Business Times, 7 February 1981
1981-02-07
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The Business Times
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Title Section10 1981-02-07 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, FEBRUARY 7,1181 60 CENTS10 words
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BRIEFLY...
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Article69 1981-02-07 1 AP BEIRUT, Fri. Gunmen today stormed a Beirut apartment building with hi»Hng machine guns and kidnapped Jordan's Charge d'Affaires in Lebanon, Mr Hisham Muhaissen, from bed after killing his Jordanian bodyguard. A spokesman for the Beirut police department said security measures were doubled around the French embassy inAP - 69 words
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Article59 1981-02-07 1 Reuter BANGKOK, Fri. Indonesia will be asked to increase its sales of crude oil to Thailand from 10,000 barrels to 20,000 barrels a day, Deputy Prime Minister Boonchu Rojanasatien said today. He was talking to reporters before leaving for Jakarta where he will confer with Indonesian leaders onReuter - 59 words
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Article66 1981-02-07 1 Reuter JAKARTA, Fri. Indonesia's state-owned television company, TVRI, will lose 20 billion rupiahs a year with the abolition of commercials beginning in April, its director, Mr Subrata, told Parliament. The government, having considered all aspects related to the ban of the one-hour daily commercial programme from national television,Reuter - 66 words
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Article78 1981-02-07 1 Reuter LUSAKA, Fri. Zambia's two state-controlled mining giants lost at least 20.2 million kwacha (U5525.3 million) in foreign exchange earnings during a series of wildcat protest strikes last month. Labour Minister Basil Kabwe told Parliament today in a statement on the industrial unrest that Nchanga Consolidated Copper Mines,Reuter - 78 words
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Article79 1981-02-07 1 UPI MANILA. Fri. Two hundred Iranian students who occupied and damaged Iran's embassy in Manila pleaded not guilty before the Philippine Deportation Board to charges that they are undesirable aliens. The charges arose out of the occupation last Tuesday of the Iranian embassy by the students.UPI - 79 words
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Article94 1981-02-07 1 AFP TOKYO, Fri. Japanese government trade representative, Mr Saburo Okita, will visit Beijing from Feb 10 to 12 for talks with Chinese officials on China's recent cancellation and suspension of plant import contracts with Japanese companies. Mr Okita will ask how China compensates losses incurred byAFP - 94 words
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Article89 1981-02-07 1 AP SONGKHLA (Thailand), Fri. The Thai navy, with American financial backing, today began a programme of air and sea operations here against pirates who continue to rape and rob Vietnamese boat people with impunity in the Gulf of Thailand. Refugees are still fleeing southern Vietnam by the thousandsAP - 89 words
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Article80 1981-02-07 1 Reuter TEHERAN, Fri. Prime Minister Mohammad Ali Rajai today forbade Iran's representatives to negotiate with Iraq on the ending of the war until Iraq withdraws all its troops from Iranian territory and Iraqi President Saddam Hussein admits he was the aggressor. Addressing an outdoor prayer meetingReuter - 80 words
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Article78 1981-02-07 1 AP MADRID, Fri. The chief US delegate to the European Security Conference said the Reagan Administration expects no tangible results from the 35-natioc meeting but it nevertheless wants the process reviewing the Helsinki Agreements on human rights and detente to continue. Ambassador Max Kampelman said heAP - 78 words
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Article139 1981-02-07 1 Reuter SYDNEY petiee yesterday rrimmri a My treat the grave at torner ncrehaat lirtw Freak Nagaa fellewtag reperts that be wu W >lft nwttjl. C«irt Jedge ylag «f m taqaeet late the talk of Nagu, whe •Uegedly *et MiMilf la Juury iMt year. The MyReuter - 139 words
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Article721 1981-02-07 1 ALVIN TAY - WORLD BANK LISTING SOON By ALVIN TAY THE ASIAN bond market will receive a fillip when the International Bank for Reconstruction and Development (IBRD) or World Bank lists its 20 billion yen (about US$lOO million) issue here for the first time. The bond will be721 words
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Article228 1981-02-07 1 WEST German authorities yesterday made another big effort to upprf the dollar after it had shot up to a three-year high against the battsred taark In the wake of further pledges of tight money policies from Washington. The Bundesbank was active in the foreign exchange market228 words
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Article364 1981-02-07 1 FONG MEW LENG - By FONG MEW LENG PHILIPS Singapore will be spending about $2 «mm*» this year to train 20 design engineers for its research and development department. The training, part of a long-term project to strengthen the RAD department, will pave the way for heavier investment in364 words
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Article414 1981-02-07 1 SIN Chew Jit Poh (Singapore) will be making major announcements soon regarding a shift in its operations to another site, good 1900 financial results and a rights issue. Sources said Sin Chew is considering the purchase of the Bridgestone factory in Singapore for its operations. The414 words
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200 1981-02-07 1 TflE NEXT geaeratlaa af ahapplag eantre tah Is Ikciy I» spread aaathwarda dawn Orchard Raad ta ttak wttk Baffles City aad Marina Gntn and than ditways ta aad Ugh Stowt/Cataaa Street aa the ether. The DBA, which selk land hr nimhpawt, Ike fraatage af200 words
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645 1981-02-07 1 AGNES WEE - By AGNES WEE IT IS high time the Government review the l-«nrf Acquisition Act, says JVilly Shee, a Singapore valuer with Richard Ellis C.H. Williams. Mr Shee argues that the Act, which determines land values in cases of compulsory acquisition of land by645 words
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Page 1 Advertisements
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Advertisement14 1981-02-07 1 The Singapore's Straits Business Times World DIRECTORY at your of Fingertips Singapore (Buku Merah)14 words
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Advertisement55 1981-02-07 1 8m hack page wm K NEW CAT Now a ww golf dub with adjustable swinaweight to further improve ner improve your game Unique and sensational finely, a tit&wrth adjustable swngweight to give you a truly freer swing M 9 feet*# bmr Number One Name in Pradeion Go* Equipment. Avail** at55 words
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Advertisement62 1981-02-07 1 KMDS LEISURE TIMES DOUBTS ever the Phfflpptae INVESTMENT tips far iav» gevernmeat's laveetmeat peilcy I ten la New Zea1aad.................. TEXTILE experten beadiag for OUR City Staff mmtm the eatmere pretecneatemf................. I leek for Pelex 11 ABEAN maaagemeat develep- PROSPECTS for the US eeeae ment pr0gramme...................... S my 12 CROSSWORD TV62 words
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Advertisement272 1981-02-07 1 FOR PEOPLE WHO MATTER Is Oil blowing ICAP apart? ABQ 4th Quarter 198 ft CAP does not appear to be working out Mas. Mat are ine pnNw, and, what very we« When Austratu introduced CAP n|m lir ,i i„i mti dew some two years ago. it sought to create a272 words
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REGIONAL
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663 1981-02-07 2 Reuter AP CHINA should compensate Japanese exporters for losses incurred from cancelled projects. The Japanese Finance Minister, Mr Michio Watanabe, said he considered it proper for Japan to seek compensation from China for failing to purchase what i{ had ordered under contract. China recently cancelledReuter; AP - 663 words
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Article295 1981-02-07 2 UPI INDIA intends to stand by an enriched uranium supply agreement with the United States despite arguments over US efforts to impose a ban on reprocessing spent fuel to make weapons grade material. The agreement is simply too advantageous for India, said Indian government sources.UPI - 295 words
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Article384 1981-02-07 2 Reuter DESPITE sharp criticism from Russia, the Japanese government begins today a nation-wide campaign for the return of islands claimed by Japan but occupied by Russians in the last 36 years. Prime Minister Zenko Suzuki, other cabinet members and representatives of major opposition politicalReuter - 384 words
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202 1981-02-07 2 AP AUSTRALIA and Thailand yesterday emphasised the importance of a continuing United States interest in South-east Asia and expressed hope the administration of US President Reagan would give priority to its relations with the region. Australian Foreign Minister Tony Street and ThaiAP - 202 words
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Article203 1981-02-07 2 Reuter WESTERN industrial countries have pledged about US$l.2 billion in aid for Thailand this year, $350 million more than last year, Thai Finance Minister Amnuay Virawan announced. He said Thailand was well pleased with this promise of new aid which represented a sharp increase over previousReuter - 203 words
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THE REGION IN BRIEF
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Article466 1981-02-07 2 THAI Deputy Prime Minister Boonchu Rojanasathien left yesterday for a four-day visit to Jakarta. During his visit, Mr Boonchu will have talks with Indonesian leaders, including President Suharto, on regional economic cooperation among Asean countries as a follow-up to the Asean economic ministers meeting in Bangkok last466 words
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436 1981-02-07 2 UPL Reuter FILIPINO and foreign businessmen are worried about changes in the government's investment policy as the country moves toward political normalcy. Economic Planning Minister Gerardo Skat said in Manila that business leaders have requested to meet President Marcos to seek answers to their queries.UPL; Reuter - 436 words
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391 1981-02-07 2 AFP OFFICIAL as well as industrial and trade sources have cxprttd concern over what is regarded in Hongkong as fresh evidence of British lobbying for tighter restrictions on textile exports from Hongkong The latest development in this direction is seen in a new book, Fkce ofAFP - 391 words
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132 1981-02-07 2 UPI ONE day after he dramati- M cally resurfaced, disgraced Communist Party Chairman Hua Guofeng on Thursday again descended into the ranks ot the unmentiooed in China's official press. Virtually all of China's top figures except Mr Hua n reportedly made public ap- pearancesUPI - 132 words
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Article796 1981-02-07 2 ARRIVALS Service Local Operator Noaber Use Froa PAA PAOOS 0030 JEKSFOHKG MAS MH601 0630 KUL CAL CI331 0700 TPE FT FTTI 0710 JFK/ORD, KUL SU SQ101 0815 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN MAS MH671 0930 KUL SIA SQZU 1000 HLP CAL CX814 1000796 words
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Page 2 Advertisements
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Advertisement96 1981-02-07 2 Wilußßoon I i V I Mills Boon Boon (VMh&Boon 1 if 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 -REGULAR BOOKSHOP Distributed96 words
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OVERSEAS
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503 1981-02-07 3 Reuter THE United Arab Emirates will try to convince other oil producers to freeze oil prices while Western economies remain depressed. Oil Minister Mana Said Al-Oteiba said the UAE will try to persuade fellow members of the Organisation of PetroleumReuter - 503 words
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314 1981-02-07 3 Reuter SAUDI Arabia is prepared to fight and shed blood to wrest control of Jerusalem from Israel and establish a Palestinian state. Addressing a university conference on the contemporary Arab world, in Brussels, the Saudi Oil Minister, Sheikh Yamani, urged President Reagan toReuter - 314 words
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165 1981-02-07 3 SOVIET troops have taken over the strategic Wakan Corridor, a finger of Afghanistan that stretches between Pakistan and the Soviet Union to touch China. A Western diplomat confirmed yesterday that construction in the corridor indicates that the Soviet presence will be long term. Soviet road165 words
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Article420 1981-02-07 3 WEST German car makers BMW and Daimler-Benz are doing well with their luxury, high-performance models despite the slump in the West's car industry. Large cars produced by most European and US companies have been particularly hard hit by soaring oil prices, but BMW and420 words
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Article116 1981-02-07 3 AP BRITAIN'S Council for Social Democracy, the growing political movement led by disenchanted Labour Party right-wingers, has published the names of 100 prominent supporters from the arts, academia, politics and business. The backers were promptly labelled the "Gang of 100" by the press; the movement's leaders,AP - 116 words
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258 1981-02-07 3 AN economic recovery in the United States and Europe during the second half of this year will spur a slight increase in Canadian pulp and paper shipments to about 20.9 million tonnes. "The capacity of the industry as a whole is expected to258 words
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WORLD IN BRIEF
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Article484 1981-02-07 3 THE investment office of the Kuwaiti Finance Ministry has just bought a new batch of 525,000 shares in General Accident, a large British fire and life insur a nee company. With the purchase, worth £45 million at current stock exchange prices, Kuwait's holding in the company is now484 words
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Article268 1981-02-07 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baiyunshun (0700 after Nordhausen) 31/32 Hakko Arrow (0700) 42/43 No. 6 Donam (2000 after NiSsho Mara) 37/38 Oslp Pyatnitskiy (0600) 29/ 30 Sinaloa (1300 after Nedlloyd Spaarnekerk) 3/4 Tor Scandinavian (Passenger) (0700 Must starboard a/side after Kota Bali) 1/2 Taronga (2300) 47268 words
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288 1981-02-07 3 Reuter THE Empw Ecsosmlr tM&ffluny'■ •iiiiiiiei M Mica to Raorta nm sharply last year despite a political commitment to limit trade with RaseUT bocaaae af Its latet '•ttea la IEC Cemmlaa!>■ statistic* show that la the first half el last year aieae,Reuter - 288 words
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611 1981-02-07 3 NO OBJECTION TO USs9Bsb NYT DM AN unusual display of bipartisanship, the US House Ways and Means Committee approved earlier this week, without debate and on a voice vote, a bill to raise America's debt ceiling to US$9B5 billion. The vote came after Treasury SecretaryNYT - 611 words
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Article531 1981-02-07 3 NYT US SECRETARY of State Alexander Haig has advised European allies to disregard comments made by Defence Secretary Caspar Weinberger on the Cible production of the neutron b because the remarks did not represent an official position. In an effort to prevent an early rift in theNYT - 531 words
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Page 3 Advertisements
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Advertisement49 1981-02-07 3 '-C^r AS I ATE X '81 International Exhibition of Machinery and Materials for the Textile and Fabrics Trade 26-30 APRIL 1981 World Trade Centre, Singapore TEXTILES: A TRULY GLOBAL INDUSTRY For further details, contact. ©INTERFAMA PTE. LTD. No 834. World Trade Centre 1 Maritime Square. Singapore 0409 Tel *****1249 words
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Advertisement272 1981-02-07 3 ThelJlthmteDiwierluwMion! Chef Leo's Surprise Gourmet Menu. S3 a m m o a iTAd P^Til ft TJ mk ■ft i 5Ey? Bffi •w IK as* Mi iW Si WA r- S-1 m •rTI K& t*.' i J£ /.i g?. fi 23i r« sag S3 <U sm <© si j me n272 words
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RAW MATERIALS
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608 1981-02-07 4 NYT CONSUMERS may be pouring more salad dressing these days, but this has not been of much help to buyers of soybean futures in the past few months. While palm oil producers in Malaysia and processors of domestic corn, sunflowers, cottonseed and other oilseedsNYT - 608 words
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296 1981-02-07 4 Reuter MARKET prices, rather than the existence of bilateral grain supply agreements, are likely to be the overriding factor in China's grain buying decisions as the Chinese are highly price-competitve buyers. Daniel Huber, division vice president, commodity marketing, at Cargill Inc. predicted thatReuter - 296 words
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186 1981-02-07 4 INDONESIAN pepper exports are likely to (all in 1981 to around 28,000 tonnes from 1980's 33,000 tonnes, according to foreign industry experts in Jakarta. Lower prices may have discouraged plantings this year and area harvested is expected to fall slightly to about 48,000 hectares from186 words
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60 1981-02-07 4 Reuter *SIME Darby Bhd's plantation division signed a five year agreement with a Sabah company to develop a cocoa estate in Sabah, Sime Darby said in Kuala Lumpur. Under the agreement with Permodalan Plantations Bhd, Sime Darby will provide expertise and supervise the developmentReuter - 60 words
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Article46 1981-02-07 4 Reuter A TIN deposit covering eight square kilometres has been discovered in Yunnan Province, south-west China, the New China News Agency said. The deposit was of industrial value and was one of 30 sites found in Western Yunnan last year, it added.Reuter - 46 words
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Article177 1981-02-07 4 CHINESE Praiaee Exekaage, Sbgapere, d—lag prices per 199 kg Feb 4. Cm ill ad: Bulk fob (129.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $145.00 sellers. Cspra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob AsU NLW $432.50 sellers, Sarawak white177 words
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Article170 1981-02-07 4 BDK3APOBE: Feb 4 closing prices in S$ per kilo, exgodown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.17, 100 per cent second class 0.97, 100 per cent third class 0.95, 25 per cent new crop no stock, B-10 per cent OJS. THAI BROKEN: A-super 0.77, Special170 words
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Article190 1981-02-07 4 WHEAT future* in Chicago on Thursday ended near the top of a five cent range, up Vi cent a bushel to down one. Only the May position settled higher. Sympathetic local shortcovering following the rally in corn edged prices further off day's lows, sources said. However, active late selling190 words
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Article201 1981-02-07 4 SOYBEAN futures in Chicago on Thursday ended at or near the top of a 15V* cent n, up one cent a bushel crop to six cents higher in thinly traded new crop positions. Steady local short-cover-ing rallied prices in sympathy with the corn advance, traders said. Lack of followthrough201 words
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Article878 1981-02-07 4 COFFEE: Robusta futures yesterday closed the morning steady off the highs but still £16 to £10 a tonne up from Thursday. Turnover was 791 lots, including four options and around 85 lots of cross trades. Opening gains were extended mid morning to around £21 on continuing trade and878 words
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Article136 1981-02-07 4 THE Singapore and Kuala Lumpur markets were closed yesterday for the Chinese New Year holidays. In Tskyn, rubber futures closed firmer with gains of 0.6 to 2J yen in lightly traded session. Prices recovered slightly on bargain hunting and short profit-taking with smaller investors and other traders encouraged by136 words
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Article94 1981-02-07 4 THE Kuala Lumpur market yesterday was closed for the Chinese New Year holidays. Below are the prices for Feb i. The market re-opens on Feb 9. C.I.F. North European ports, in US dollars per ton unless otherwise stated: LONDON: Preriou Maltyiiu 5% ffa bulk par to* ine March94 words
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ASIAN STOCKS
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505 1981-02-07 4 TOKYO SHARE prices yesterday fell under the pressure of sporadic profit-tak-ing, with many investors fearing a possible margin trading tightening, dealers said. The market average fell 14.33 to 7,264.11 with volume 300 million sshares. The Tokyo Stock Exchange index ended at 506.34, down 0.65. Scattered505 words
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Article264 1981-02-07 4 NEWS of Woodside Petroleum's AJI7S million one for four rights Issue kept the market under pressure despite a healthy industrial sector and strong rises by selected miners, brokers said. KEB 06 Onu INDUSTRIALS A C 1 212 unrh A N 1 310 10 A P M m I Ampol264 words
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Article260 1981-02-07 4 STOCK prices yesterday closed slightly higher in weak trading with the market quiet became of the lunar New Year holidays, dealers said. Bangkok Bank rose two baht to 300, Siam Credit 0.50 to 85, Mab Boonkrong Drying and Silo three to IBS, Dusit Tbani one to 183 and Rama260 words
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Article136 1981-02-07 4 THE stock market was firmer yesterday and turnover row to 12 million from Thursday's 1.6 million pesos, dealers said. Philex B, Basic Petroleum, Phil Overseas, Podco B and PLOT ruee and the lone laser was BF Goodrich. The rest were unchanged or untraded. FEB 06 Pesos Acoje Mining 0066136 words
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Article51 1981-02-07 4 FINANCIAL TIMES INDUSTRIALS Thursday 473:0 Wednesday «7R8 Week Ago 483.1 DOW JONK8 AVIRAGE INDUSTRIALS Thursday #66.76 Wednesday Ml J* Week Ago NMt HJLHANG SENG Friday closed Thursday closed Week Ago ISMjOS AUSTRALIAN INDU8TR1AL8 Friday 661J Thursday MflJ Week Ago 657.6 ALL ORDINARIES Friday WJ Tlimsilsi H Week Ago51 words
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Page 4 Advertisements
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Advertisement200 1981-02-07 4 AN INVALUABLE GUIDE to the banking, finance and insurance community i-.y r, f?~ m >~ i < y"-V* _L.:. V'* 7 V' >v: Hi .c' TS r < i c* r»' 1 'Vx -4^, Wfi I J**. K•fj*. ji A? >?«» *<4S-r 3 -t'Jf A? v w^r3% 1 jT,, E&f£fc200 words
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TRADE AND INDUSTRY
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202 1981-02-07 5 SIOW LI SEN - By SIOW LI SEN ISETAN is seeking help from a visual merchandising coordinator to inject more professionalism into the window display of its two departmental stores. It will be the first department store to do so and has applied to the Skills Development Fund202 words
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Article115 1981-02-07 5 SOME coffee-shop owners in Kuala Lumpur are complaining that they cannot get their usual supply of condensed milk from regular suppliers. The chairman of the Malaysian and Singapore Coffee-shop Proprietors' General Association said this yesterday when commenting on the reported shortage of condensed milk. Meanwhile, a spokesman115 words
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Article908 1981-02-07 5 BEMINABB AND COURSES Feb 9-28: Introduction, principles and practice of Kiln-Drying of Sawn Timber Course, Regional Language Centre, Timber Industry Board of S'pore Feb 9-Mar 11: Basic Course in Mfcroprocessors Module 2, YMCA Palmer Road, National Productivity Board Feb 10-Mar 12: Project Management A Site Control, Bukit Timah908 words
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122 1981-02-07 5 THE Candian International Development Agency is sponsoring a management development programme for Asean countries. The director of finance and administration of the Singapore Broadcasting Corporation, Mr Param Ajeet Singh Bal, will be taking part. The six-week course will be held at the Banff122 words
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Article, Illustration247 1981-02-07 5 BORNEO Motors Singapore (BMS), part of the Inchespe group's automotive operations, increased its sales of Toyota vehicles by 68 per cent last year. The overall growth of the market last year was 20 per cent, figures from the Motor Traders' Association show. BMS director and general247 words
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457 1981-02-07 5 WANG LOOK KEAH - By WANG LOOK KEAH A SWISS manufacturer of bearing aids in Singapore is considering extending its production line to haemoglobin measuring instruments and temperature measuring instruments. N The project is still in the early stages of planning as the company, Meditec, has just received457 words
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Page 5 Advertisements
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Advertisement160 1981-02-07 5 Subscribe to Business Times now and gel 41 issues free Subscribe to Business Times directly and save $25 (Its 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 pay160 words
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Article348 1981-02-07 6 THE DECISION by the International Bank for Reconstruction and Development (IBRD) to list its latest yen bond on the Stock Exchange of Singapore must be the best Chinese New Year news for participants of the Asian bond market. The fact that an institution with a credit rating348 words
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350 1981-02-07 6 IT IS VERY easy to apportion blame, but Car. more difficult to set about correcting the situation. Any Tom, Dick or Harry can tell when a System is wrong, and is (aster still at putting the blame on someone else. The American350 words
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Article, Illustration1075 1981-02-07 6 TSANG SAU YIN - The story of New Zealand from now on will be one of rapid change suddenly imposed after generations of complacent security. How will it change? TSANG SAU YIN traces New Zealand's economy and explains its investment plans for the future. In addition she tells you all that1,075 words
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Article, Illustration1048 1981-02-07 6 IF YOU WANT to invest in New Zealand, you may need to know that: CmbMh is a statutory body whks examines foreign investment proposals to ensure that they are acceptable in terms of the country's foreign investment policy. The five-member Commission consists of two appointed members who are1,048 words
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Page 6 Miscellaneous
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Miscellaneous634 1981-02-07 6 CRYPTIC PUZZLE ACROSS I Ok man's mountains in more ways than one? (5) 6 Kitchen workers good enough to get lettuce out! (D 9 Doe* he faring a breath at fresh air into the cinema? (4,3) 10 Go slowly like a doctor on one foot (5) II Checks the siren,634 words
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Miscellaneous864 1981-02-07 6 TV Three horror movies midnight AFTER two days of above average programmes, we are back to the usual Saturday (are which, all in all, is not too bad viewing. The midnight movie "Dead of the Night" is a collection of three short stories of mystery, .suspence and terror. The 'Second864 words
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Miscellaneous31 1981-02-07 6 BllSt^:Frai^l)ick£sis HAUO-rPk«S, YOU (W Tue (p is roo.-._Py L t,\r wpy..'> -4-—i- CLOt?! :u v CU*^! Y N J l 0,,' ._a, CX c ao/nP; ITS JuST THPiT See. PMycuc. fi31 words
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Article, Illustration11 1981-02-07 711 words
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Article, Illustration1848 1981-02-07 7 IF ROB MULDOON, Prime Minister and Finance Minister of New Zealand, loses this November's elections, It would not be through want of trying but rather because pessimism over the economic future of the country has won. New Zealanders will not see the benefits of Muldoon'sBY CHART BY SOONG - 1,848 words
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Page 7 Advertisements
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Advertisement144 1981-02-07 7 For a century NZI has served Asia And other parts of the world since 1859 After 100 years in Asia, and 120 years in the field of insurance, NZI has earned an enviable reputation for integrity and reliability. The same reputation we continue to enjoy wHerever we operate around the144 words
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Page 7 Miscellaneous
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Miscellaneous7 1981-02-07 7 its jost thpt i See. PwyoN£ RI>WNS7 words
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INTERNATIONAL STOCKS
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Article1229 1981-02-07 8 NEW YORK AIRLINE and retail issues and selected blue chips on Thursday led the New York stock market higher in moderate trading as investors awaited President Reagan's economic address. Analysts said with volume continuing at a moderate pace, the day's advance could easily be reversed on the following1,229 words
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Article211 1981-02-07 8 KB 05 Cf Abilihi 24 Airun 40 unch Algoma 42 v i Bank Mont 31'. Bank Nova Scotia 33 unch Bell Tel 19 unch llrlh Corp BP Can Lid 45 1 Braaran 33 Camp Rfd Lake 60 1 Can Imp Bk 30 Canpar 44'.• Canpar Inv Pf 19'« Car211 words
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Article318 1981-02-07 8 res 05 Rand INDUSTRIALS A Alpha 360 unch A berrom 300 unch AE And CI 740 -5 AM1C 2150 25 Bartow* 900 10 Cg Sugar 1600 25 CNA 490 5 Currie Finance 195 5 De Beers Ind Edcon sou -20 Edgars fMOOS unch Eveready Fed Vdk Z .TI.T 465318 words
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Page 8 Advertisements
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Advertisement613 1981-02-07 8 8m Page 4 far AsUa stocks ui Page I far Earepeaa markets Where to wine,dine and entertain 9 f I he American Lxpress C ard. Don't leave home ilhont it. Snacks for your island treks is: v» Jl a v* Take your pick: Curry Puff Chicken Pic Gateau Cake Hot613 words
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Advertisement117 1981-02-07 8 Wa'ra famous tor our Cantonaaa Cuiwnc Tha Siamaaa Saafood Raataurant it as good i Bangkok' V 7 A r Ratax in an atmoapltara of For tnfounal maaia and atagant days gona by. light-naartad snacks a Cockpit Hotil Oxtay Riss/Pananc Rood. Singapora 0823. Tat: *****11 (20 linaa) Cabta: COCKPIT Talai: R*****6117 words
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BANKING AND FINANCE
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579 1981-02-07 9 Reuter CANADIAN borrowers rushed into the stagnant Eurobond market on Thursday, accounting for 1350 million of the $450 million in new issues. Bond market sources said this is the largest single day volume since exactly one month ago, when bonds worth $550 million were launchedReuter - 579 words
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Article262 1981-02-07 9 THE WEAKNESS of the West German mark was slated to be a main background issue st the FrancoGerman summit which opened in Paris on dayFor the first time since such summits began in 1963 West Germany is experiencing severe economic difficulties stemming from recession, an external deficit and262 words
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Article249 1981-02-07 9 THE WEST GERMAN Bunrteshsnh has accepted tenders for securities pensions worth 16 billion marks, thus only partially replacing the expiring scheme and (ailing short of money market expectations. The current 9.9 billion mark scheme expired on Feb 4. The bank had partially compensated (or this by raising249 words
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Article117 1981-02-07 9 THE Bundesbank has decided to mslntsin its discount rate at 7.5 per cent This Is seen as a hslancing act between the need to boost the economy and defend the mark. A lowering of the rate would have helped the recession-hit economy but would have encouraged117 words
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Article67 1981-02-07 9 Reuter BANK of California has lowered its prime rate to 19 V 2 pa* cent from 20 per cent. The cut brings the bank'* rate in line with that of other major US banks. Morgan Guaranty has aISO lowered its prime lending rate to 19 Vi perReuter - 67 words
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EUROPEAN STOCKS
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Article187 1981-02-07 9 KEB 06 FU ABN 274.80 5J Ahold 4820 -0J Aiuo 16.20 0.1 AMEV M TO 0.7 Amlu 114 JO -02 Amrobnk 2680 ilj Utr|0M Berk 25.50 •1.7 45.50 -0 3 Boli 55.00 -0.1 Bonumij 225.00 4J Burhmann 58 TO *02 Byenkorf 37.50 -05 Caland Calve Delft 29 TO 185.00187 words
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Article264 1981-02-07 9 KEB 05 »T* CORBEILLE Air-Liquide B 8 N Gervais Danone C8F (Thomson Cat) Ctc Franca iv des Petroles Compagnl* Kinanclere Compagnic Generate Credit Koncier 483 1040 394 Z20 380 401 10 tU -10 •4 *2.5 •1 -3.9 Hachette (Llbralrle) Machines Bull Michelin (B) 356 56 40 660 228 50264 words
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Article209 1981-02-07 9 KEB OS Dm Arg-Trlrfunktn Akzo 67 10 15 30 1070 00 -0.4 05 3 A1I2 Vptn BASK Bay H T Wbjnk Buy Vlkink ar ***** 119.30 202 00 290 80 10*90(3 297 00 5 0 3 19 09 04 BMW ***** Caaaella 300.00 •1 Chem Verw ***** 4 Commerzbank209 words
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Article100 1981-02-07 9 KK: Art Art A»t B 05 Kr* FORWARD MARKET f ass .1 WO 1 ISO *10 <" M unch Brucan 960 4-8 Bra-Lamb 900 unch Canptc 1380 38 Cock 173 -38 Dr Beers 306 unch Ebes 1700 -38 Electrobel 2860 25 Gb-Inno-Bm 1980 10 Ov 1380 4-8 Hobok 2680100 words
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Article102 1981-02-07 9 KEB 05 Lire An»r 8 86 015 Assoc Gen *****0 7780 Bastnfi 763 -7 Ontrile ***** 1880 V 1st 2247 4-87 ¥2 50 25 Oen Immob 2402 unch IK I Pri 5375 195 I la Icemen ti 1300 llalgas 1910 9 Ilalstder 284 3 Magneti M PI 649 925102 words
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Article264 1981-02-07 9 Reuter THE JAPANESE Finance Ministry has issued 157.6 billion yen of two-year medium-term national bonds through public auction, with payment required on Feb 19. This is the first issue of two-year national bonds in fiscal 1980 which ends next month, during which the Ministry is scheduled toReuter - 264 words
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Article130 1981-02-07 9 AFP THE FUST mv AaatraUaa tradtog haak riaee IMS hu teeagtvea toe <jH>c|>l tiw AastraMi^ saiT lurtrattu Bank Ltd wnM hive aa taned capital «I A$M mllll— aad kas beea Bei—ei to spersta to all The buk will be hieei to Perth, malaly becaase Weston Australian Interests areAFP - 130 words
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366 1981-02-07 9 Reuter BRITAIN is considering ways of bringing down the value of sterling on world money markets even though businessmen's hopes- for a cut in interest rates was dsshed on Thursday. Hie Bank of England left its lending rate unchanged st 14 perReuter - 366 words
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Article92 1981-02-07 9 AP PRELIMINARY arrangements for opening private banks in Pakistan have been completed and the sponsors have collected USH billion as initial capital. All banks In Pakistan were nationalised in January 1972 by the late Zulfikar All Bhutto. But the present regime, headed by General Zia Ul-Haq, has beenAP - 92 words
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Article121 1981-02-07 9 INDIA to Is to admitted as the 23rd partlctpaat to the Africa* Development Baak graap at the next meeting sI baak gsverssrs to Lease, Tags, to May. Iks baak ——i to AUdJsa that as a member sf the baak freap, India will pal six aOHsa aatto121 words
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Article397 1981-02-07 9 MALAYSIA will play host to the first gathering of top Asean and US financiers at a financial conference in November.The conference will be cosponsored by the Asean Bankers' Council (ABC) and the Asean-US business council. Mr Kamarul Ariffin, leader of the Malaysian delegation to397 words
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MONEY AND EXCHANGE$
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Article447 1981-02-07 9 THE dollar yesterday opened at a three year high against the mark, quoted around 2.16 in nervous volatile trading, dealers said. It opened here at 2.1500/ 1600 marks, slightly below the New York close of 2.1600/15, then rose above 2.16 far the first time since December 1977 before falling447 words
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Article188 1981-02-07 9 THE dollar lor overnight delivery ywOnlay closed slightly firmer at 204.40 yen, compared with a 204.30 opening here, a 204.05/20 close in New York and SOUS here on Thursday. Trading was moderate, with volume US$775 million. The market mimed In lacklustre afternoon trading partly due to a market holiday188 words
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Article74 1981-02-07 9 GOLD in London yesterday closed st USS4B.OO/***** an ounce, some $S down on the afternoon fix aad around $12 down on Thursday's dose. The market opened here yesterday at $40.00/4*50 compared with Thursday's dose of 505.00/500.00 and a close oT 491.00/493.00 in New York, where late weakness had undermined74 words
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Page 9 Advertisements
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Advertisement81 1981-02-07 9 uy i t ji Lessons 21-30 ft r. 31 *<•<. 4-" J, g. l a nihao"* 7 Leamfo Speak Mandarin Quickly with this easy-to-follow learning package SBC's "Mandarin by Radio" lessons recorded on sound cassatta tapes togathar with companion texts in comprehensive books provide simple lessons for all who wish81 words
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582 1981-02-07 10 BANKING industry sources are doubtful about the ability of the four banks appointed by Permodalan National Bhd (PNB) as agents for the national unit trust scheme to come up with sufficient funds under the special loan scheme for participants. They said If582 words
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1311 1981-02-07 10 Malaysian banks have reduced their lending because of a shortage of funds but the industry is in two minds whether it is in the midst of a credit squeeze or whether it is going through a phase of 'selective lending', as a banker1,311 words
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Article2632 1981-02-07 10 19*0 Hi«k Low Coapuy Last Sale crGr'a Div Div CTT Gr'a YTd Not p r% Vol (•OOO) Dny High Loo ncnoN oni INDUSTBIAL COMMKXCIAL 372 28 MB m 48 192 3B 846 DO 346 28 1M 18 239* 8 279 240* in 28 Acma llw— Allied Choc2,632 words
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Article793 1981-02-07 10 AFTER years of watching from the ringside, gold has been hauled back into the international monetary fray and it is beginning to look as though the old champion never hung up his gloves after all. The fickle crowd of Western central hanks and governments, tar from793 words
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Page 10 Advertisements
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COMPANY NEWS
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511 1981-02-07 11 THE CITY STAFF - By THE CITY STAFF HAVING cleared the last step in its scheme of capital reconstruction approval by the Malaysian High Court and relevant government authorities Folex Industries should now be able to get on full steam ahead with the task of putting its operations511 words
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467 1981-02-07 11 ALLIED Chocolate Industries is to revise its investment in the proposed Jointventure with its holding company to develop bulk cocoa production facilities. ACI chairman Chuang Ming Chi says in the latest animal report that a review of tbf project indicates there are cost467 words
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903 1981-02-07 11 NYT IF optimism is the opiate of the stock market investor, then selling short is the bnrtal face of negativism betting against the capitalist system, putting yonr money on a dump in stock prices. In the past, many market regulators wanted to ban selling shortNYT - 903 words
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Article160 1981-02-07 11 Carnal Bl Backs Date TMal tar lttalfcr Payne* Date dm PayaMe the year Praia—year AyerMatek 30%(f) Jan 30 Feb 15 Feb 26 30%(f) 25%(g) Ch|M 20%<e) Jan 16 Jan 28 Feb 18 30% 15% 65% Feb 20 Mar 4 Apr 29 100% 50%(a) K L Kapaag 15% Mar160 words
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Article312 1981-02-07 11 API C AC Proposed rights issue of 1 (or 4 $2.80 per share Proposed rights issue of 2 (or 1 $1.70 per share Proposed rights issue of l(orl g Q.00 per share Proposed bonus issue Ex Date NY A NY A NYA NYA NYA NYA of 1 (Or312 words
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Article175 1981-02-07 11 Reuter PRESIDENT of the Securities Exchange of Thailand (SET) Paiboon Wattanasiritham said a target of 40 «"flit"" bah t has been fixed for daily trading volume during the current year, compared with a daily average of 25.4 million baht last year. Last year an averageReuter - 175 words
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Article178 1981-02-07 11 THE New Statts Hum Press (MalayMa) Berted: AGM to be held in the Theatrette of the Company, Balai Berita, 31 Jalan Riong, Kuala Lumpur on Feb 14 at 11 am. MAGNUM Csrpsrattsa Berted: EOGM to be held at Magnum House, 111 (1st Floor), Jalan Pudu, Kuala Lumpur on178 words
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Page 11 Advertisements
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Advertisement184 1981-02-07 11 m r. r Si f "-r; <w .*> Ar> r ~3» I®','- 't > »v 3* •i J-*\} i£ i t* 9 A9F > £N K V*. fc v I" r m M r s 3£ n N i fi M r «<•« i l a** 1 > < MjOB184 words
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304 1981-02-07 12 Reuter STRAINS within the NonAligned Movement emerged publicly in New Delhi yesterday as opposing sides clashed over the issues of Afghanistan and Kampuchea. In preparatory talks for a foreign ministers' conference next week, Singapore and Pakistan demanded a tough line on bothReuter - 304 words
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237 1981-02-07 12 Reuter STRIKERS who crippled industry in the southern Polish province of Bielsko Biala for the last two weeks have agreed to return to work after the government agreed to replace some top local officials. A Joint communique signed by the government and SolidarityReuter - 237 words
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351 1981-02-07 12 AFP BASED on the latest figures released by China's state statistical bureau, the country's current economic situation is good. The Xinhua News Agency said yesterday this is something rare in the 31 years since the founding of communist China. It said industrialAFP - 351 words
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417 1981-02-07 12 AP JAPANESE Opposition parties boycotted Parliament sessions yesterday in the second major dispute this week over the government's defence policies. The opposition, led by the Japan Socialist Party, said it would not return to debates on the national budget until the ruling Liberal DemocraticAP - 417 words
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Article661 1981-02-07 12 NYT PRESIDENT Reagan, declaring that the United States is "in the worst economic mess since the Great Depression", has appealed for support for his programme of sweeping spending cuts and tax reductions for individuals and businesses. "Over the years, we have let economic forces runNYT - 661 words
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Article143 1981-02-07 12 Reuter FEDERAL B—w Itoard ehalrmaa Pml Vafeker bi ftncwt that US I ■flail— will Mt mm maeh this year ui pnmM to MMht It hy iwhhtlag grawth sf the —My ■apply, Isflattoa might begin to drop towards the «Mi sfthe year (ram tto praaeat level ti aver 12Reuter - 143 words
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Article282 1981-02-07 12 UPI AUSTRALIA has clinched a longterm contract to sell coal to Japan in its largest such deal with a foreign nation, trade officials confirmed yesterday. The contract, which calls for exporting 47.3 million tons of coking coal over 14 Vi years from 1983, was signed by' MitsuiUPI - 282 words
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293 1981-02-07 12 AP FIERY Protestant leader Reverend lan Paisley yesterday staged a dramatic pre-dawn public show of strength aimed at preventing any agreement for a united Ireland between British Prime Minister Margaret Thatcher and the government of the Irish republic. On a wind-swept hill in countyAP - 293 words
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Article876 1981-02-07 12 LONDON, Fri. Equities ended the account an a strong note today but government bonds were little changed after a dull session. At 3 pm, the Financial Times index was up 4.9 points at 476.9. Properties were firm, despite disappointment that the UK minimum lending rate was left unchanged876 words
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Article70 1981-02-07 12 NEW YORK, Fri. The stock market gained ground this morning in the first trading since President Reagan warned the nation of an "economic calamity" unless his tax and spending cuts are adopted. The Dow Jones average of 30 industrial stocks rose 2.64 points to M 9.40 in70 words
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Page 12 Advertisements
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Advertisement80 1981-02-07 12 NOTICE African Development Bank U.S. $40,000,000 Floating Rate Notes due 1983 For the six months 30th January, 1981 to 30th July, 1981 In accordance with the provisions of the Note, notice is hereby given that the rate of interest has been fixed at 17iV P® r cent and that the80 words
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Advertisement279 1981-02-07 12 '=-\)?>];";+<$(;=:$^|_:_'?{@;.. The ILiES Library Of Photography helps you to see great picture possibilitiesall around you... So many outstanding photographs are of subjects you see or pass by every day. A pensive young girl looking through a window. A city park at sunrise. Or 3 year old, captured by the lens279 words
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Page 12 Miscellaneous
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Miscellaneous59 1981-02-07 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report tor 24 tears prior to 7J» pjn. m M I at toe airport. Maximum temperature 31.0 Associated humidity 63 Minimum temperature 23.6 Associated humidity 96 Hours of sunshine 9.70 Rainfall in millimetres nil Total rainfall for the59 words
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LEISURE TIMES
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Article, Illustration487 1981-02-07 13 ALVIN TAY,ALVIN CHOW - New Year greetings from the People's Association dancers and big-headed dolls with their oranges and 'hong pao' for happiness and good fortune Ali Baba and the Forty Thieves presented by the PA Youth Movement By ALVIN TAY,ALVIN CHOW CHINGAY is no long ChinesePhotos: Wan seng yip and CHEW YEN FOOK - 487 words
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Article, Illustration238 1981-02-07 13 RICHARD SEAH - By RICHARD SEAH "MEOW! Do you have room for one of us? We're nice to have around. We're cute, cuddly and ob-so-lovable. "If your kids love animals, come and get one of us. Or do Join our 'Pets Club'. So you can play with us. Putttt!"238 words
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Article441 1981-02-07 14 CHARMAINE CHAN - By CHARMAINE CHAN A CHANCE like this does not come by often. For |5 you can be one of the first batch of qualified tennis umpires who will "graduate" from the first certificated course jointly conducted by the Singapore Sports Council (SSC) and the Singapore Lawn441 words
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Article, Illustration1203 1981-02-07 14 Hermes - MOTOBIIG with Hermes IT MUST be the dream of every station-wagon driver. And every housewife that laid eyes on it was drooling over the cavernous loading space, which was more than capable of carrying an entire week's marketing and the family dog as well. What I1,203 words
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Article, Illustration701 1981-02-07 14 NEIL SIMON is back again, this time with "Seems Like Old Times" (now showing at Orchard Theatre). But I sincerely wish he had not written the script (or this film because I have enjoyed his many earlier works but do not much enjoy this one.701 words
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Article193 1981-02-07 14 TODAY GOLF: SIOC: At the four courses this afternoon are the monthly medals bogey competitions. The 'A', U', *C and 'D* medals will be played at Bukit, New, Sime and Island courses respectively. Keppel: The *C division golfers will be competing in their monthly medal stableford competition193 words
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228 1981-02-07 14 AS THE MALAYSIA Cap amtehes get well aaderway, the aext heme match far the Ynic Liens will he aert Saaday, Feb If, against Treaggaaa at the Nattoaal Stadlam. Kick-ad is at 7pm. Tickets fer this match are priced at ,$S (gallery) aai ft (graadstaad) aai228 words
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Article, Illustration807 1981-02-07 14 NO LOKE KOON - HILARIOUS HOURS Nine to Five Film rtvicwi by NO LOKE KOON IT IS a pleasant change to see Dolly Parton on the big screen acting a part instead of belting out saccharine country and westerns through the undersized tube. One can see more of her, so to speak. Include Jane807 words
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Page 13 Advertisements
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Advertisement134 1981-02-07 13 [BUSINESS TIMES] When we say business we mean just that o> M:\T IMti l<: REMEMBER the Talbot Matra Rancho which wa racommandad in our Chriatmaa' Gift Gallary? Wall, ita public ralationa callad it a 'multi-purpoaa leisure vehicle'. And it ia mora than that, reports HERMES. He'll tall ua why the134 words
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Advertisement14 1981-02-07 13 BUSINESS TIMES GIVES YOU THE E sim J* y* 1 i V T li14 words
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Page 13 Miscellaneous
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Miscellaneous608 1981-02-07 13 r I WHAT WHERE CULTURAL SHOWS JOINING in the Lunar New "Year celebrations is the Juroag Gardens which will present the Lisa Daaee and Martial Arte Display by the Singapore Hok Kiaw Athetotic Association today, from 2pm to 4pm. The Lion Dance consists of a Northern Lion, a Southern Lion,608 words
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