The Business Times, 28 March 1981

Microfilm: NL10972
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, MARCH «8,1981 60 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Auction sites withdrawn
      78 1 Reuter HONGKONG, Fri. Three crown land sites were withdrawn from auction yesterday because there were no bids. Two of the sites were for industrial and/or godown purposes at the Kowloon bay reclamation while the other site was for godown purposes in Chaiwan. Two Kowloon Bay industrial/godown sites
      Reuter  -  78 words
    • Article
      Lock icon Pipeline talks
      68 1 Reuter TOKYO, Fri. Four-day talks between the Soviet Union and Japan's semi-official ExportImport Bank ended here with no major progress on a Japanese loan to finance the building of a 5,000 km natural gas pipeline from Siberia to Western Europe. Japanese bank officials said, however, that they agreed
      Reuter  -  68 words
    • Article
      Lock icon Nato envoys meet
      73 1 UPI BRUSSELS, Fri. Nato ambassadors met today to discuss latest developments in Poland. A spokesman said the meeting heard various reports including one from the US ambassador with latest information on developments in Poland. Nato sources said there have been a number of such meetings since December
      UPI  -  73 words
    • Article
      Lock icon Fall in rubber consumption
      80 1 AFP LONDON, Fri. A further fall in world consumption of natural rubber is expected this year by London specialist brokers Lewis and Peat. In their latest review, they said there is little optimism in the US about an upturn in usage while interest rates remain high.
      AFP  -  80 words
    • Article
      Lock icon EEC fishery talks fail
      78 1 Reuter BRUSSELS, Fri. EEC ministers abandoned controversial fishery negotiations after only a few hours today, with Britain and France blaming each other for the failure to make any progress. British Fisheries Minister Peter Walker said he was very disappointed at the negative outcome of today's meeting.
      Reuter  -  78 words
    • Article
      Lock icon Kuwaiti denial
      62 1 AP KUWAIT, Fri. A senior official of the oil ministry was quoted today as denying that Kuwait will supply the Soviet Union with crude oil. "There have been no contacts whatever in this respect between the Soviet Union and Kuwait," the newspaper, Al-Qabas, quoted the unnamed official as
      AP  -  62 words
    • Article
      Lock icon Midland's Beijing office
      66 1 AFP BEIJING, Fri. Midland Bank today became the first British banking institution to open a permanent representative office here. Midland Bank chairman, Sir David Barran, told a press conference that he did not expect a spectacular growth of business with China during the coming years in view
      AFP  -  66 words
  • Chief Price Changes
    • Article
      SINGAPORE
      142 1 Rises Bedford 830 165 K L Industries 430 56 P M Hldgs 940 50 Berjuntai 1150 40 Public Bank 850 40 H I.eong Credit 730 40 Semb Shipyard 635 40 City Dev 525 35 PMC 1400 30 H Negara 540 30 H Leong Fin 860 25 DBS 770 25
      142 words
    • Article, Illustration
      KUALA LUMPUR
      148 1 Rises Spore Land 1130 70 P Bank 900 60 OCBC 1600 50 Hong Leong 910 50 KL Ind 458 46 Dunlop Ind 805 45 MWE Holding 350 42 HL Credit 780 40 Per lis 160 40 C Store 560 35 M Credit 480 40 City Dev 550 30
      148 words
  • Article
    NOL to buy eight bulk carriers
    652 1  -  COST OF MORE THAN $400 m By GOH ENG KEE NEPTUNE Orient Lines, the national shipping line, is planning to order eight new bulk carriers and to enlarge two fairly new container ships at a total cost of more than $430 million. The order
    652 words
  • Article
    Arbuthnot to advise SPP Ltd
    246 1 SPP Ltd yesterday appointed merchant bank Arbuthnot Latham Asia as independent adviser to the company and to its shareholders on the takeover offer from Chevelina. The appointment was made because Guinness Mahon (SEA) had decided, after consultation with the Securities Industry Council (SIC), not to
    246 words
  • Article
    Higher charges for shop tenants
    943 1  -  By WONG AI KWEI TENANTS and shop owners in Thomson Plaza suddenly found themselves heavily in debt to the management company, Property Management Private Ltd (PMPL), when it more than doubled service and maintenance charges for 1980. As a result, larger tenants like Swensen's and
    943 words
  • Article
    Energy wasters warned
    307 1 THE government will resort to legislation if persuasion fails to promote energy conservation. Those who do not care to save energy will be penalised, said Ngiam Tong Dow, permanent secretary (Trade and Industry) yesterday. Mr Ngiam was announcing a nation-wide energy conservation campaign planned for May. On
    307 words
  • Article, Illustration
    Another banker seconded to MAS
    231 1 MB HENG Chiang Meng, •nbtut general manager at the Industrial and Commercial Bank (ICB), has been seconded to the Monetary Authority of Singapore. As predicted by Business Times, Mr Heng, 35, will head the Banking and Financial Institutions Department, returning to virtually the same post
    231 words
  • Article
    CPF to keep open mind on housing loan scheme
    519 1  -  By SIOW LI SEN THE Central Provident Fund Board will keep an open mind on its intention to have first claim on private properties purchased under its proposed housing scheme, and is prepared to meet finance companies after the implementation of
    519 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      10 1 SHWSS^ "r\SNGtf»ORE business FOR PEOPLE WHO MATTER Times PenocJcats Publication
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    • Advertisement
      Page 1 Advertisements Column 2
      207 1 Swing With A Perfect 2ii The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club '10'. These new-design woods and irons were created
      207 words
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      Page 1 Advertisements Column 3
      73 1 Leader...page I THE booming car rental business 5 NATIONWIDE campaign to conserve energy........................ 5 LABOUR shortage in the hotel indu5try.................................... 7 LEISURE TIMES RECORD profit by Duniop Malaysian Industries 11 MALAYSIA unveils Ms43b development plan 12 CALL for moral pressure on Vletaam It CROSSWORD I. TV AND RADIO I, WHERE
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      Page 1 Advertisements Column 4
      70 1 i The Straits Companies Times K e ,£s directory Agencies Singapore (Buku Merah) I STANLEY LEASINGHAM At the Clare- Leasingham Valley, nature conspires with man to produce a vintage. Rich grape juice left to mature and magically transforms into wine that's mellow and smooth to taste. STANLEY LEASINGHAM 1980 RIESUNG
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  • REGIONAL
    • Article
      Lock icon Foreigners optimistic about China's trade
      589 2 Reuter DESPITE China's decision to postpone or cancel multimillion dollar industrial projects as part of its austerity programme, foreign businessmen are optimistic that its conventional overseas trade will continue to expand. "Ordinary trade is increasing all the time. There is more flexibility at the grass-roots
      Reuter  -  589 words
    • THE REGION IN BRIEF
      • Article
        Lock icon INDONESIAN CEMENT
        339 2 Agencies INDONESIAN cement production is to be increased from 8.6 million tonnes annually to 20 million tonnes over the next five years by expanding existing, and building new, plants. Indonesian director general of Basic Chemical Industries, Hartarto, said this on Thursday at a ceremony marking the signing of
        Agencies  -  339 words
    • Article
      Lock icon Philippine shipyard's deadline
      117 2 UPI THE biggest shiprepair facility in South-east Asia will go into operation in the northern Philippines by January 1982, officials of the Philippines Shipyard and Engineering Corp (Philseco) said yesterday. Philseco president Generoso Tanseco said the Filipino-Japanese joint venture is now 73 per cent complete and will
      UPI  -  117 words
    • Article, Illustration
      Lock icon Macapagal's challenge to President Marcos
      403 2 AP THE Philippines' only living ex-president has challenged President Marcos to run against US-based opposition leader Benigno Aquino in an election if Mr Marcos is not afraid of the man he jailed for seven years. In a speech to the Manila Rotary Club on Thursday,
      AP; AP photo  -  403 words
    • Article
      Lock icon Tokyo wants aviation treaty with US revised
      317 2 Reuter JAPAN wants its bilateral aviation treaty with the US, signed in 1962 when Japan did not have an international airline, to be revised in order to eliminate alleged inequalities. "Revision of the agreement is the only outstanding post-war issue in JapaneseUS relations,"
      Reuter  -  317 words
    • Article
      Lock icon Sihanouk starts to gather supporters for his new party
      302 2 Reuter FORMER Kampuchean head of state Norodom Sihanouk said yesterday that he has started to organise his supporters into a new political party to negotiate more effectively with other antiVietnamese resistance forces in his homeland. Speaking from his exile in Pyongyang,
      Reuter  -  302 words
    • Article
      Lock icon US asking Japan to cut down car exports sharply
      382 2 Reuter THE UNITED Slates is asking Japan to reduce sharply the number of cars it ships to US markets this year but the Japanese government is caught between competing demands from the US and Western Europe. Informed sources said yesterday the
      Reuter  -  382 words
    • Article
      Lock icon Increase in number of Japanese unemployed
      238 2 Reuter UNEMPLOYMENT in Japan rose to its highest level in three years last month as the powerful Japanese economy continued to slow down following recession in the West. It was announced yesterday in Tokyo that 1.35 million people were unemployed in February, or 2.4
      Reuter  -  238 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      823 2 ARRIVALS Service Local Operator Number Time From SIA SQ101 0815 KUL MAS MH605 0830 KUL MAS MH621 0835 PEN MAS MH671 0930 KUL SIA SQ201 1000 HLP CAL CI814 1000 HLP CPA CX710 1005 HLP GIA GA850 1030 HLP SIA SQ103 1045 KUL MAS MH672 1050 BKI
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      272 2 V ATLAS TV SLas*** THE WORLD What makes PHILIPS' ILLUSTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually exciting, very readable and packed with useful information. It provides
      272 words
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  • OVERSEAS
    • Article
      Lock icon Linking EEC steel subsidies to cuts in capacity
      368 3 Reuter EUROPEAN Common Market industry ministers yesterday called for all state subsidies to its loss-making steel industry to be linked to cuts in capacity, but failed to agree on a new deadline for phasing out the aids. At the end of a
      Reuter  -  368 words
    • Article
      Lock icon US to upgrade strategic Red Sea base
      311 3 Reuter THE UNITED States plans to spend US$lO6 million upgrading a strategic Egyptian Red Sea base next year. Washington officials said on Thursday that the US hopes to use the airfield and port at Ras Banas to support possibly large-scale American military moves
      Reuter  -  311 words
    • Article
      Lock icon Reagan raps critics for economic mess
      282 3 UPI PRESIDENT Reagan has assailed critics of his economic package, blaming them for causing America's economic mess and saying they are not "qualified to bring an end to it". Addressing a young Republican leadership conference in the White House, he said his US$4B.6 billion
      UPI  -  282 words
    • Article
      Lock icon World can meet its energy needs, study says
      314 3 Reuter THE WORLD can meet its energy needs over the next 50 years but will have to use all available fottos of energy to do so. According to a study by the International Institute for Applied Systems Analysis (lIASA), fast breeder nuclear
      Reuter  -  314 words
    • Article
      Lock icon Uncertainty in Sino-US ties coming to an end
      696 3 UPI Reuter THE PERIOD of uncertainty in USChina relations since the election of President Reagan is coming to an end and there is agreement on boths sides now to "shift gears and get on with it". Mr David Tappan, head of an
      UPI; Reuter  -  696 words
    • Article
      SHIPS IN PORT
      424 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Shinyo (ro/ro) (1000 after Bum Chin) 13/14 Golden Globe (0600 subject freeboard) 23 24 Ivan Skuridine .(ro/ro) (2200 after Nedlloyd Baltimore) 1/2 Jacek Malczewski (hauls 16m east after Kao Mu hauls) 33 34 Kao Mu (1100 hauls 12m east) 35 36
      424 words
    • Article
      Lock icon Soviet bloc's debt frustrates efforts to reduce deficits
      303 3 AFP THE ECONOMIC burden of the Eastern bloc's debt and interest repayments is frustrating its efforts to reduce balance of payments deficits with the West. The U.N. Economic Commission for Europe said the Eastern bloc's current accounts deficit to the West was
      AFP  -  303 words
    • Article
      Lock icon East, West German ties unlikely to thaw
      469 3 Reuter RELATIONS between East and West Germany will remain cool for the foreseeable future and recent predictions of an early improvement are completely wrong. West German diplomats in Berlin said this when reacting to Western press reports that a surprise meeting a week
      Reuter  -  469 words
    • Article
      Lock icon Pakistan likely to ask for more financial aid
      358 3 Reuter WORLD Bank president Robert Mcnamara will face fresh demands from Pakistan for greater development assistance, particularly in the fields of industry and energy, during a four-day visit to the country beginning today. A key topic in his talks with Pakistani ministers
      Reuter  -  358 words
    • Article, Illustration
      Lock icon Solidarity all set for four-hour strike
      646 3 Agencies THE POLISH free trade union Solidarity was all set to bring some 10 million workers out on strike for four hours yesterday in the biggest organised labour protest in Poland since communists took power 36 years ago. The stoppage, which the union has
      Agencies; AP photo.  -  646 words
    • WORLD IN BRIEF
      • Article
        Lock icon UK ENERGY EXPORTS
        358 3 Agencies BRITAIN'S exports of energy are earning more than its fuel import costs for the first time in 40 years, government statistics show. Britain exports mainly top-grade oil from the North Sea, importing cheaper Middle East crudes for its own refineries as well as gas and some
        Agencies  -  358 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      185 3 Senior Appointment MEDICAL DEPARTMENT MANAGER A salary package of ever $$50,000 p.a. A multinational research-based American corporation wishes to employ a competent Singaporean/Permanent Resident to fill the above senior position in its Medical Products Department which covers the Singapore, Malaysia and Sri Lanka markets. The successful applicant must: Possess at
      185 words
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  • RAW MATERIALS
    • Article
      Fairly heavy liquidation depresses prices
      262 4 A SHARP shakeout was experienced this week as fairly heavy liquidation fell upon a soft market, dropping levels by 13 cents to arrive at a two-year low of 253 cents for current One RSS, says Holiday, Cotter, Bath and Company in its latest review of
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    • Article
      RICE
      323 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1 30, 100 per cent second class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN. A-super 0.80,
      323 words
    • Article
      RUBBER
      226 4 THE Singapore market closed slightly lower yesterday with March One RSS buyers quoted at 256.75 cents per kilo, down 1.25 cents from Thursday's close, dealers said. Opening prices were marked down slightly on lower London advices and some selling interest. Afternoon prices were quietly steady but prices rose about
      226 words
    • Article
      RAS PRICES
      351 4 RAS prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers in! l K.b.S. prompt f.o.b. 251.00 252.00N 251.25 252.25N Int. 1 R.S.S. April 256 50 257.00 256.75 257.25 Int. 1 R.S.S May ***** ***** 261 50 262.00 Int. 2 R.S.S. 235.00
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    • Article
      SSR and SMR
      122 4 NOON SSR u >d SMR prim yesterday RAS April May (Current Mth» (Forward Mth) SSR 20 (1-ton pallet) Buyer* Sellers Buyers Sellers ***** Z13 00N 233.00 235.00N SSR 50 (1-ton pallet 1 228 00 230 OON ***** 232. OON MRELB April May SMR CV (1 -ton pallet
      122 words
    • Article
      Straits Tin
      76 4 THE STRAITS tin price in Penang yesterday rose 71 cents to M 539.92 per kilo, stiii within the ITA's middle range of $31.11 to $32.74, dealers said. More strong buying support from Japan, Europe, the United States, locally as well as steady overnight London advices, were the factors
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    • Article
      CLOSING PRICES
      34 4 Rubber: March 27 Singapore: April: 256.75 cents (down 1.25 cents) Malaysia: April: 277.75 cents (down 1.25 cents) Tin: M 530.92 per kilo (up 27 cents) Official offering: 226.6 tonnes (down 5.4 tonnes)
      34 words
    • Article
      Talks on tin pact break up
      109 4 THREE weeks of United Nations talks on a new international agreement to regulate trade in tin broke up on Thursday with a warning by the US that it might not join the proposed pact. The 3^-nation conference ended in deadlock and a day ahead
      109 words
    • Article
      Produce exchange
      181 4 CHINESE Produce Exchange, Singapore, noon closing prices per 1M kg yesterday. Coconot oil: Bulk fob 1117.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob 1136.00 sellers. Copra: Mixed (loose) $66.00 buyers. Pepper: Muntok white pepper fob Asta NLW $420.00 sellers, Sarawak white pepper
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    • Article
      Lock icon SOYBEAN
      242 4 Reuter SOYBEAN futures in Chicago finished weak on Thursday, off 14' i to 16 >4 US cents a bushel. Steady selling by the professional house, estimated at a net 6.5 million bushels of May and 2.0 million bushels of July on the day, touched off local and commission house
      Reuter  -  242 words
    • Article
      TEXTILES
      194 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK" dollars, spot ex-go-down) Cotton yarn: China Blue Phoenix 20s 2,300 32s 2.840. 40s 3,060 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • Article
      LONDON MARKETS
      784 4 COFFEE: Robusta futures yesterday ended the morning mixed, with losses of £2 in May and gains of £2 in September reflecting trade switching, dealers said. May's premium of the last two days over the other traded positions appedars to have been erased as dealers took profits on the
      784 words
    • Article
      PALM OIL
      134 4 THE MALAYSIAN palm oil market was mixed on some late covering interest in fairly active trading yesterday, dealers said. In April, the Northern Region was Mss lower at $960 per tonne while Central was unchanged at $950. In May, the Southern Region rose $2.50 to $915. Central was
      134 words
  • ASIAN STOCKS
    • Article
      Share prices close slightly lower
      560 4 TOKYO SHARE prices closed slightly lower in heavy trading yesterday as many issues moved ex-dividend, while big capitals rose sharply, dealers said. The market average shed 4.23 points to 7,303.04 with volume at 900 million shares. The Tokyo Stock Exchange Index closed at 527.84, down
      560 words
    • Article
      Sydney
      366 4 MINING, oil and industrial stocks yesterday closed broadly higher to more than recover Thursday's losses in moderate mixed trading, following stronger gold and metals prices overseas. The All Ordinaries Index rose six points to 707.6, the All Industrials was 1.9 points higher at a year high of 722.0, the
      366 words
    • Article
      Bangkok
      264 4 SHARE prices closed generally unchanged on lack of interest yesterday, dealers said. Bangkok Bank fell two baht to 270 and Industrial Finance Corporation one baht to 121, while Bank of Asia, Vidhayakhom and Jalaprathan Cement closed unchanged at 108, 66 and 118 respectively. MAR 27 Asia Credit Asia Fibre
      264 words
    • Article
      Manila
      149 4 SHARES closed mixed yesterday with commercial/ industrials and minings firm and oils weaker. Turnover rose to 4.8 million from 2.7 million pesos, dealers said. Lepanto B and Basic Petroleum finished strong while Podco B and Seafront were easier. Baguio Gold, Pioneer, First Phil Holdings and Vulcan were traded while
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    • Article
      Selected indices
      2 4
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    • Article
      Hongkong
      328 4 THE MARKET opened strong yesterday but after the initial upward spurt, it ran out of momentum and sellers gained the upper hand. Selling pressure was mild but persistent, and the market retreated steadily. Poor land auction results in the afternoon, combined with a negative view on an interest rate
      328 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      245 4 You Could Easily Be Speaking Indonesian In 3 Months! The secret of learning a language V, 'Vv'Sr, %^'A, Linguaphone's comprehensive Indo-English course equips you with competence and confidence in the Indonesian Language Based on a 3-Approaches Principle, the course content is tailor-made for sdccess in just 3 MONTHS! And it's
      245 words
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  • TRADE AND INDUSTRY
    • Article
      Car rental business riding on good demand
      521 5 THE car rental business is booming. The number of companies in the industry has increased from about 75 last year to about 120 currently. Joining the business recently are the Sime Darby group, which is offering its services through Sime Darby Services, and
      521 words
    • Article
      New agreement for hotel staff
      151 5 SEVEN hundred employees of Oberoi Imperial hotel will benefit from a new collective agreement signed between the hotel and the Food Drinks and Allied Workers' Union. The new agreement will last three years and provides for an all-round improvement in wages and other terms of
      151 words
    • Article, Illustration
      HASCO WORKERS TOP CLASS
      117 5 TWO Singapore workers of Hasco Singapore have topped a practical and theoretical mould-making examination in West Germany. Kwan Tuck Sing and Liew Hoi Nguik share the honour with German apprentice Jurgen Feist in attaining the first grade in the examination in the Handelskammer district of Arnsberg.
      117 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      96 5 BEHN Meyer and Co has promoted Jeffrey P H Wong to group manager, material handling division; Peter J Crause to deputy group manager, electrical and telecom municationsdi vision; and K K Tang to division manager, material handling division. Mr Wong, 33 joined Behn Meyer in 1972 and
      96 words
    • Article
      Threat from HK cargo terminal
      437 5 HONGKONG will maintain its position as the traditional gateway to the Far East and its air cargo terminal will remain a main transit centre for air cargo in Asia. It will maintain the lead despite improved facilities at the new cargo complex in Changi and
      437 words
    • Article
      Rise in number of Indian tourists
      206 5 WEST Germany and India are fast becoming important tourist markets for Singapore, judging from recent increase in the number of tourists from these two countries. There were 8,369 tourists from West Germany and 8,335 from India in January. The number of West German tourists
      206 words
    • Article
      Maker of aircraft parts raises skills of workers
      270 5  -  HSUNG BEE HWA SUNDSTRAND Pacific, a manufacturer of precision aircraft parts, has put into effect several training schemes to improve skills of employees. Under the most recent scheme, machinists are trained to operate numerical-control machines. The scheme was started in January and
      270 words
    • Article
      Okamoto expands operations
      177 5 A JAPANESE company, which started manufacturing precision surface grinding machines in Singapore six years ago, has embarked on its second expansion. Under the expansion, Okamoto Singapore is building a new two-storey factory on its 2.4-hectare site at Woodlands and buying 10 new machines of which four are
      177 words
    • Article
      Big names to take part in exhibition
      520 5  -  By FOO CHOY PENG THE government is making thorough efforts to promote energy conservation through a nation-wide campaign well-supported by statutory bodies and ministries. Trade and Industry Minister Goh Chok Tong will kick off on May 14 a campaign the motto of which
      520 words
    • Article
      MEMO PAD
      403 5 SEMINARS AND COURSES Mar 27-28: Asian Air Cargo Conference, PSA Towers Maritime Square, ITEM (Tel: *****34 *****09) Mar 27-28: In-Flight Catering Conference and Exhibition, World Trade Centre (Dolphin Function Room), ITEM Mar 28 <a 12.30pm: Talk on A Coherent Approach to Systems Auditing, Hilton Hotel (Malaysia Room), Institute
      403 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      288 5 What will your Children become? Young minds absorb knowledge. All the learning in Time-Life Books is the foundation upon which useful lives are built. Do you want your family to have this benefit? The TIME LIFE LIBRARY is a full learning programme. Nature, Science, Culture are the areas covered. A
      288 words
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      Page 5 Advertisements Column 2
      95 5 NOTICE This announcement appears as a matter ot record only. Malaysian International Shipping Corporation Berhad U.S. $50,000,000 10 year Floating Rate Loan under the guarantee of the Government of Malaysia Managed by Associated Japanese Bank(lnternational)Limited Morgan Grenfell Co. Limited Co-Managed by International Commercial Bank Limited Saudi International Bank Al-Bank Al-Saudi
      95 words
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  • Article
    Response must be vigorous
    455 6 ENERGY conservation might have been little more than a fashionable topic in the seventies, discussed by ecological freaks, the 'in-crowd', the liberals and pseudo-intellectuals. It was then chic, so to speak, to support the cause of energy conservation. But the business of conserving energy is no
    455 words
  • Article
    Stepping back for a better view
    231 6 SINGAPORE'S seafront skyline has changed dramatically over the last two decades. The shoreline has extended far into what was once the sea; where palm trees once shaded sprawling bungalows, towering apartment blocks, hotels and shopping centres will soon take over. The Singaporean, engrossed in
    231 words
  • Article, Illustration
    AMERICAN BUS QUEUE
    1136 6  -  With the US urban bus market growing again, foreign interest is increasing, despite experience proving that bus manufacturing is a thankless and largely profitless task for the two domestic producers. LAN HARGREAVES reports. IAN HARGREAVES MAN and Neoplan of West Germany are already in New York. Hino
    1,136 words
  • Article
    Lock icon Seagram has plenty of money to spare
    1144 6  -  By PAUL BETTS FT SEAGRAM Company, the world's largest drinks company, has answered part one of a US$3.7 billion question in offering to pay $2 billion for the St Joe Minerals Corporation. The move can hardly be described as a surprise in that
    FT  -  1,144 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      603 6 -IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Sailing skill? (5) 6 A smoking container (5) 9 City managed by an ass (7) 10 Castle country (5) 11 Cures gone wrong, dammit (5) 12 Ship's ornaments? (5) 13 Soccer measures, maybe (7) 15 Not as much as a pear to eat! (3)
      603 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      39 6 BriStoWFrank LhcfceaS I X' OfNßusc? nn LOOKSOCD pfiOUT OUR DFWO. MC. uoPUED OUT OF WCTvCR JOB TbD*Y HIS TuJerTTien'H »N Slfc rootflHS. DoN'ffeu-mene. STiu. LOPNTS lb 66. P» CUSRK CH€STfcg-%R*>/s p U>wef9G. D«D UJCGO ""\U)GOKG> ?j r a sus
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      805 6 tv&radio Force of circumstances TONY CURTIS tonight plays the part of an aspiring musician hoping to make it big in New York. Debbie Reynolds Is a dancer also straggling in her own Rat Raee. Circumstances force them to share an apartment. Quito naturally, this did little to keep them apart
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  • Article, Illustration
    Labour shortage
    1564 7  -  RAY ANG discusses the problems of labour shortage in the hotel industry HOTEL INDUSTRY RAY ANG S C HUANG is a wellknown leader of the business community and is known affectionately for his Midas touch. He is a man with a variety of titles to his name and
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  • Article
    Lock icon RE-DECORATING MONTREAL'S SKYLINE
    639 7  -  By HENRY GINIGER NYT BUILDING cranes have begun to fill the Montreal skyline again, and with their return has come a new optimism about the future of French Canada's most important urban centre. After years of economic stagnation, when thope who managed the economy of greater Montreal
    NYT  -  639 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      184 7 4. yp 7 w i>.- <* -5W s *X<>L- A V > SSTi. > V v« S-> 'A -^aC" 35 r. S* '< 'M A 5> -v Subscribe to Business Times no* and get 41 issues free Subscribe to Business limes directly and save $25 (It's like getting 41 issues
      184 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        265 8 MAR as Prs CORBEILLE Alr-Llqutde B 8 N Oervals Danone C 8 r (ThomsonCsf) 493 1106 387 5.9 60 -3 Cle Francalae des Petroles Compafnie Plnanclere 224 -13 Compacnle Oenerale Credit Foncler De France 415 390.90 -33 0.1 Hachette (Llbralrle) 341 10 Machines Bull Mlchetln (B) 56.90 SIS 02
        265 words
      • Article
        Frankfurt
        201 8 MAR 31 Dm 4-/-Aef-Telefunken 57-SO Ak*n 19 10 Alij Leben 1000.00 Alii Veri 48 i so unch 131.10 -0.7 Bay H T Wbank 200 30 >3 Bay Vbank 3-5 Bayer 115.40 0.1 BBC 240 80 BMW iao.oo 0 Cauella 301.00 -0 Cltem Verw 330.00 unch Commtrebank ***** Contl Oumml
        201 words
      • Article
        Brussels
        80 8 MAR JO rti FORWARD MARKET Ac*c Artnri Aitur 301 1253 m ♦l >4 >44 10 30 -4 5 -10 -JO unch 15 56 JS -0 unch -10 -40 15 -10 Bni-Lamb Canptc Cock De Been Raaa Elcctrotwl Ob-Inno-Bm o»» Hobok Petro Rjrl Dutch Sid ro Soc Qen Belt Soflna
        80 words
      • Article
        Amsterdam
        173 8 MAR M PU ABN Ahold Akan AMXV Anlu Amrotonk Bolt Boraumg Burtunaan Bmnkorf C&Und c*j»« Dcirt D*lt MU Ennla Fokk«r Ford 290 00 78.00 21 10 njo ***** 5630 22.90 4800 5790 218.00 54.00 38.00 28 JO 198.00 woo 141.50 4150 156.00 -03 4-1 unch +0J 0.1 ♦oi 0.4
        173 words
      • Article
        Zurich
        178 8 MAR a Francs AeUooa Suuan at unch Alusulne Br 10B0 5 AIUMUM hr Brown Boveri Br. mm 1430 11 -5 Clba OeltJ Br. 1110 35 Clba Oelcy P C MS 25 Clba OeltJ Ret Cradlt Sulne Br 919 MM -X 15 Cradlt Suiim Ret Oit Dektrowmtt Br tm -M
        178 words
      • Article
        Milan
        99 8 MAR 38 Lire Altfa- 1090 1&3800 4# Aaaoe Ota S100 Cantraie Flat mo MM unch M rinalder 2380 mn OH 98 XS Oen Immob -3 m Prt TJOO 300 ItaJcemenli 4000 Italcai I 1130 unch ItalaMar 300 unch Macnetl M Pf 1037 37 Maxell] Ere 2S0 unch Madlob Mlral&ma
        99 words
      • Article
        TORONTO
        186 8 C, AMUbt m *i» Alfom* Bank Moot Bank Nova Scoua Ml TW Beth Corp BP Cut Ltd Braacan Camp Rod Lak« Can Imp Bk «4*t u« I JO* 11* 40 Mfc unch unch unch Canpac In* Pf Carlln( OTC«ft Comlnco Con* Bad) Coo* Martenor i. a* m m an
        186 words
      • Article
        JOHANNESBURG
        304 8 MAR M Rand industrials A Alpha 430 unci) Abercom 375 15 AI And a >10 10 a Mir 27TSB Bvlnwi Cm Sum 1110 Z,o CRA 1100 MSB uncft unch Currw Finance 230 unch D» Bern Ind Edcoo 000 uywh Ed (vi woo unch Evtraad* r«d Volk HZ 515 ♦S
        304 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      95 8 IBT3 -15 n +s A C ird nu nc an MX ss Don k home ithout i\ Where to wine,dine and entertain Snacks for your island treks £a Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday JCr
      95 words
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      Page 8 Advertisements Column 2
      139 8 fitJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights: Open daily;: 12 noon 3 p.m. 6 30p.m 10.30 p.m. For reservations call *****77 I'llrk SIMTIIIOII SHERATON HOTELS AND 'NNS WORI DtViDJ Nassim h.ii Singapore 1025 Tet 727<)6V7 OPERAUf B» ANA.iOTF.IS FISH HEAD CURRY AT THE ISLANDER From on
      139 words
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      Page 8 Advertisements Column 3
      109 8 ;>,=/,>/=}(([^@:`+=/]`@$,}:|,+* The Great Family Do-lt-Mxirself Barbecue I A \lerlln Grill Speciality From Mongolia comes a barbecue more succulent more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch from 12 noon 2.30 pm at $14 00 per head Dinner from 700 Pn? 11 00
      109 words
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      Page 8 Advertisements Column 4
      144 8 Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. 2156 i /V gj < T a i m
      144 words
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      Page 8 Advertisements Column 5
      136 8 Whatever your taste, the Cockpit Hotel makes it great. V Dragon Palace Restaurant Siamese SMtood we're famous for our Cantonese Cuisine Restaurant The Siamese Seafood Restaurant is as good as Bangkok! V«ctorfa Bar The Coffee-House Relax in an atmosphere of For informal meals and elegant days gone by light-hearted snacks
      136 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      448 9 THE US dollar strengthened against all major currencies yesterday, reflecting the deteriorating situation in Poland as the country's free trade union, Solidarity, prepares for strike action. Heavy trading was reported in the local market. Against the local unit, the US unit closed at 2.0910/ 20 compared with its
      448 words
    • Article
      Treasury bill tender
      50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from iflarch 30 to April 3: Offered: $100,000,000 Applied for: $228,050,000. Allotted: $100,000,000. Accepted bids: $98.35 approximately 13 per cent and bids in full. Average rate of discount oa allotment: 6.345 per cent pier annum.
      50 words
    • Article
      Frankfurt
      46 9 Frankfurt exchanges opening quotes yesterday: 1 US- 2.1350 90 Stg 4.772 787 Can 1.7976 8005 D F1 89.97 90.17 SPr —109.71 93 Lit 2 006 U F Fr —42.25 34 NKr-38.99 39.07 B Fr (con) 6.085 99 B Fr (fin) 5 321,31 Yen 1.0061 85
      46 words
    • Article
      HONGKONG
      133 9 THE US dollar eased from iks days highs yesterday, sterling rose sharply 2b very quiet late trading. Most banks closed earlier ihan usual for a Friday after an uncertain day's trading. After rising sharply initially against the mark in line with Thursday's New York trend, the dollar retreated on
      133 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 1d.9 per cent.
      22 words
    • Article
      ASIAN $ RATES
      191 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 27. US Dollara(Spot) Offer Bid 7 days 15'. 15 1 month 15'15 2 months 15 7/16 15 6/16 3 months 15 7/16 15 5/16 6 months 157/16 15 5/16 9 months 15'. 15'. 12 months 15'. 15'• Sw.Fr*.
      191 words
    • Article
      Discount
      52 9 RANGE of prices offered by discount houses on Mar 27: Overnight: T t r /i Call deposits: 6 r i to 7'«9t Cloaiaf Buying Selling 3-month Treasury bills 6 s i 6' 3-month Bank bills 12 5/16 12 3/16 3monthsCD IP. 11', 6 months CD 11'. 11 Source: National
      52 words
    • Article
      GOLD
      246 9 SINGAPORE gold futures closed sharply higher yesterday compared with overnight levels in small turnover. Trading was nervous with prices firming mainly on uncertainty over the situation in Poland, dealers said. Total sales for the day was recorded at 198 lots. Prompt closed sharply firmer at U*****.50/551.50 an ounce against
      246 words
    • Article
      London
      220 9 THE US dollar yesterday lost more than one pfennig and one centime in nervous opening trading from Far East levels However, it remained bolstered by higher Eurodollar rates and tensions over Poland, dealers said. After rising steadily overnight to Far Eastern highs, the dollar was undercut by profit-taking and
      220 words
    • Article
      Silver quotes
      37 9 Thars W«i New York 13.15B 12 80B 13.45S 13.10S Zurich 13 25B 12.70B 13.65S 13.10S Frf Than Singapore 13 30B 12.90 13.70S 13.30S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
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    • Article
      Lock icon Resurgence of German mark may lead to revaluation
      369 9 AFP WEIST GERMANY is counting on a resurgence of the mark, observers in Bonn said following an indirect reference to a revaluation by Bundesbank president Karl Otto Poehl on Wednesday. Mr Poehl told the weekly Wirtschaftswoche, "Eventually there should be compensation through
      AFP  -  369 words
    • Article
      Lock icon Market stable
      29 9 AFP ITALIAN exchange markets were stable for the third consecutive day on Thursday in the wake of weekend austerity measures including devaluation of the currency, bankers said.
      AFP  -  29 words
    • Article
      Bankers to visit China for stronger ties
      212 9 THE ASSOCIATION of Banks in Singapore (ABS) will make Its first goodwill visit to China Monday. TW 15-day trip Is aimed at providing Singapore bankers with an opportunity to strength*! the rdatton>hi with their counterparts The delegation comprises only ABS conncii members. Chairman
      212 words
    • Article
      Lock icon IMF cocktails gain acceptance
      756 9 Reuter THE HYBRID artificial currency invented 12 years ago by the International Monetary Fund (IMF) to provide some stability in a world of moving currencies is catching on at last. The Special Drawing Right (SDR), a mix of currencies referred to jokingly as the IMF's cocktail,
      Reuter  -  756 words
    • Article
      Lock icon Rates raised
      72 9 Reuter MALAYAN Banking Bhd said it raised its one month, three month and six month fixed deposit rates to 8.75 per cent from seven per cent, 7.75 per cent and eight per cent respectively, effective from Thursday. It raised nine months and 12 months to 8.5 per cent
      Reuter  -  72 words
    • Article
      Profit-taking pares NYSE gains
      1094 9 PROFIT-TAKING on Thursday battered down some of the sharp gains which the tfew York stock market recorded on Wednesday when the Dow Jones industrial average closed at its best level in eight years. Analysts said that with the outlook for interest rates remaining unclear, the action
      1,094 words
    • Article
      Deadline for the printing of encoded cheques
      488 9  -  By ALVIN TAY THE SINGAPORE Clearing House Association (SCHA) will stick to its Sep 30 deadline for banks to print encoded cheques for its automated clearing system due to start in January next year. The decision was made after two printers As her
      488 words
    • BONDS & LOANS
      • Article
        KREDIETBANK INTERNATINAL
        40 9 group said it launched the first ever Eurobond denominated in European Currency Units (ECU), a 25 million ECU six year issue with an indicated coupon df 13 per cent and par pricing, for the Italian state-owned Telecommunications Corporation.
        40 words
      • Article
        FRANCE'S Caisse Nationale des Telecommunications
        53 9 (CNT) is raising USJ3OO million on the Euromarket as a standby facility for the issue of commercial paper in the US, banking sources said. The facility is being managed by the Chemical Bank International Group and carries a spread of per cent over London interbank
        53 words
      • Article
        NEW YORK
        35 9 city's offering of US$75 million bonds was oversubscribed. Earlier this week, the bonds were tentatively priced at par with coupons ranging from eight per cent in 1982 to 11'* per cent in 2000.
        35 words
      • Article
        THE Inter-American Development
        36 9 Bank is floating a 100 million Swiss franc, seven per cent, 10 year bond issue on the Swiss market, market sources said. The issue is priced at par. Listing will be in Zurich.
        36 words
    • Article
      DBS anticipates good response
      305 9 DEVELOPMENT Bank of Singapore (DBS) expects a favourable response to its first issue of Singapore dollar floating-rate notes despite the initial lack of confidence in the issue shown by some bankers. Mr Lock Sai Hung, senior vice-president of DBS, said yesterday. "The total selling indications received
      305 words
    • Article
      Opening in Mexico
      44 9 DAIWA Bank Ltd has opened a representative office in Mexico City. The office will help Japanese interests operate in the oil-rich fast growing nation. This will be the bank's third office in Latin Amerca, following those in Sao Paulo and Panama.
      44 words
    • Article
      Lock icon CREDIT FOR FILIPINO IMPORTS
      103 9 Reuter THE STATE-RUN Development Bank of the Philippines (DBP) signed an agreement in Tokyo yesterday with two Japanese banks for a US$3O million credit line to help finance imports of industrial equipment and machinery. The Japan Export-Import Bank will provide 85 per cent of the credit,
      Reuter  -  103 words
    • Article
      Lock icon Mutual fund
      67 9 Reuter STATE-RUN private trust corporation P T Danareksa will start selling Indonesia's first mutual fund certificates from April 1, a corporation spokesman said. Initially, the company plans to sell 15 billion rupiahs worth of certificates with a nominal value 10,000 rupiahs each. Finance Minister Ali Wardhana said a
      Reuter  -  67 words
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      Page 9 Advertisements Column 1
      341 9 SUPER I > s 1 m-r-* f tf A I WJI B I>l 1 ri«l >> viA* ll'wiMHMtl JMJ mi lEEX HEX. V THE DREAM MAKERS Set in the ruthless, unconventional world of the film business, their story spans continents in a whirlwind of action, violence and desire. For the
      341 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1946 10 BID and offer prices officially listed and business la and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (1.978)
    1,946 words
  • Article
    Unit trusts
    171 10 SINGAPORE UNIT TRUST (N*at|cn' price* brlbrN) The Commerce 3.78 3.97 The Savings Fund 2.08 218xd S pore Prog Fund 1.60 1.68 S pore Sec Fund 2.43 2.56 S pore Invest Fund 2.26 2.37 S pore Equity Fund 1.53 1.61 ASIA UNIT TRU8T (Ma— few' prices tor Ma. Mai
    171 words
  • Article
    SHARE INFORMATION SERVICE
    2804 10 Gr'« Gr"s Net 1980/1981 Last Div Div YHd P/E Vol Day Hick Low Company Sale or- Cvr (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 361 238* Ac ma 338 14.5 2.8 4.2 13.7 300 220 Alcorn 300 12.0 2.5 4.0 17.0 209 110 Allied Choc 198 -8
    2,804 words
  • Article
    In Kuala Lumpur
    1993 10 BID and offer prices officially listed and business in and reparted to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. DflHSTOlAlfi (I) 10« Una (2.96S) A Chae (2 30B 2.31S) (2) 2.36
    1,993 words
  • Article, Illustration
    Investors remain buoyant
    686 10 SENTIMENT remained buoyant ea the Singapore stack exchange yesterday wltk meet share prices reaekiag fer klgher greaads ia the morning tradlag session. Tradlag started ea a firm note, wltk tke preview day's favearaklc respsase te the boaae-cam-righto Issue tram Oversea Chlaeee Baakiag Csrpsratlsa still exertiag He laflaeaee
    686 words
  • Article
    Strong price gains in KL
    602 10 SHARE prices continued to make good progress on the Kuala Lumpur stock market yesterday to close on a steadier note. There was good followthrough and fresh buying support particularly at the outset when buyers were more positive. As a result, most counters found early strength
    602 words
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  • COMPANY NEWS
    • Article
      Selprop pushing for higher rental
      468 11  -  By CHOO AI LENG MALA YSIAN-BASED Se 1 a ngor Properties (Selprop) which posted record profit for 1980 is well poised for "much better results" this year, sources disclosed recently. This is because the group is currently revising the rental charges on some of its
      468 words
    • Article
      Record profit of M$48m at Dunlop Industries
      325 11 RIDING on the crest of a buoyant Malaysian economy, Dunlop Malaysian Industries Bhd has turned in excellent result for 1981, with the group profit before tax touching a new peak of M 548.25 million on the back of record sales. However, the much
      325 words
    • LATEST RESULTS
      • Article
        MALAYAN Tin Dredging (M)
        78 11 reported a pre-tax profit of MJ40.9 million for the interim period to Dec 31, 1900 ($23.6 million previously). The results include the post-acquisition profit of the five newly acquired subsidiaries for the five months ended Dec 31, 1980, while the comparative figures for the previous interim
        78 words
      • Article
        TONGKAH Harbour Tin Dredging
        35 11 made a pre-tax profit of $977,000 for the half year ended Dec 31, 1980 ($1.9 million). The surplus on sale of mining assets shown as an extraordinary item was $3.9 million.
        35 words
      • Article
        HONG Leong Industries Bhd
        43 11 has announced an unaudited group pre-tax net profit of M 55.31 million ($2.78 million) for the six months ended Dec 31 on a turnover of (13.99 million ($13.25 million). The company's pretax net loss was $40,432 (loss of $32,000).
        43 words
    • Article
      Perak Carbide looks to property for growth
      719 11 PERAK Carbide Corporation expects brighter prospects arising from its current major inroad into property development and investment to more than offset any stagnation on the manufacturing side. This appears to be the theme of chairman Tengku Zaid bin Tengku Ahmad Temenggong's annual report
      719 words
    • Article
      Lingui's bid not approved
      87 11 LINGUI Development's proposed acquisition of Liang Shong Sdn Bhd, a property owning company, has not been approved by the Malaysian Capital Issues Committee (CIC). In a letter to the Kuala Lumpur Stock Exchange yesterday, Asiavest Merchant Bankers, on behalf of Lingui, said the application was rejected
      87 words
    • Article
      RESULTS DUE
      320 11 Date Last Fall Year Company Period Announced Net EPS Gross Pre-tax last year (cents) Div. Profit (It*) Pahang Cons F 16 11 1.5 2.5 1,634 P M Holdings F 22/2 35.7 12.6 3.920 Keck Seng F 3/3 19.7 13.3(b) 13,571 A Hitam Tin I 4/3 123.9 205.0 22,028
      320 words
    • Article
      COMPANY BRIEFS
      677 11 INTRACO will close its transfer book and register of members from April 16 to April 22 (for the purpose of determining shareholders' entitlement to the first and final dividend of 15 per cent less income tax at 40 per cent) in respect of the financial year ended Dec
      677 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      155 11 i st- i£k'& v r -**;> jsjj- U&Iv; >-■ v %wi ■--v#.v KlUl viss* s> 3> V ■ssrj; if Sfc., .KJO&H 6«7 f <- SN $S We ve soared to dizzy heights Circulation has doubled in three years: an amazing record! Since Business Times was first published in October 1976,
      155 words
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  • Article
    Lock icon Dollar and gold rise on tension in Poland
    515 12 Reuter INCREASING tension over Poland sent shivers through world financial markets yesterday, giving strength to the dollar and the price of gold but hurting the deutschemark. Gold, the traditional haven for wary investors in times of trouble, jumped to U*****.25 a troy
    Reuter  -  515 words
  • Article
    Lock icon US urges Japan to review its defence policies
    242 12 AFP THE UNITED States has urged Japan to review its "National Defence Outline," the fundamental guideline for Japan's defence policy formulated in 1976. Foreign Minister Masayoshi Ito, who returned from Washington on Thursday, reported to a Cabinet meeting in Tokyo yesterday the
    AFP  -  242 words
  • Article
    Lock icon KL unveils M$43b development plan
    703 12 Reuter MALAYSIA, undaunted by the current world recession, has unveiled a Ms 43 billion five-year development plan which aims to sustain its real growth at a healthy 7.6 per cent a year. The government, while recognising that the world economy is currently going through a
    Reuter  -  703 words
  • Article
    Cement industry concerned
    325 12 THE MALAYSIAN cement industry yesterday expressed concern that the removal of the 5 per cent surtax on cement imports would disrupt the "even distribution" system in the country. Officials of cement companies said that since imports were free-for-all, they can now expect contractors in Johor Bahru to
    325 words
  • Article
    Stricter laws on urban planning required
    456 12 STRONGER urban planning laws and regulations are required in Singapore to give a basis for planners to shape the city. A framework drawn up by the authorities will prevent the individualistic type of development, or Disneyland architecture, that has dominated Singapore's urban development. The
    456 words
  • Article
    Lock icon Vietnam warns of Sino-Thai alliance
    124 12 AFP VIETNAM has warned of the danger of a military alliance between China and Thailand following reports of discussions on military cooperation between Chinese and Thai leaders. The Vietnam news agency accused China of trying to involve Thailand more and more in opposing the three
    AFP  -  124 words
  • Article
    Lock icon Support for Polish strike nearly 100pc
    313 12 Reuter MILLIONS of Polish workers weal on strike yesterday in the biggest organised labour protest the country has seen since the commaaists came to power years ago. Officials of the Solidarity free trade union, which called the four-boar stoppage for la the moralag, reported
    Reuter  -  313 words
  • Article
    LONDON STOCKS
    828 12 LONDON, Fri. The market closed mixed today with equities recovering from an early bout of endaccount profit-taking, dealers said. At 3pm, the Financial Times index was down 0.8 point at 518.1. Lucas featured with a rise of 5p on further consideration of yesterday's maintained interim dividend and forecast
    828 words
  • Article
    Lock icon DOW JONES LOWER
    98 12 AP NEW YORK, Fri. The stock market headed lower this morning, continuing the decline that set in yesterday. The Dow Jones average of 90 industrials slipped 3.78 points to 1,001.98 in the first half hour. Losers took a 5-to-4 lead over gainers in the early tally of
    AP  -  98 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      0 12 '"<'.<;])|"&[/:]:[)>}})<>(|)!_\
      0 words
    • Advertisement
      Page 12 Advertisements Column 2
      146 12 The Straits Times r< triple-purpose index. The one tab to help you keep tabs on allyour resources! The triple-purpose index of the Straits Times Directory or Buku Merah (as we are also known) is your complete guide to all the resources available to you in your business. If you need
      146 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places from iate morning. Report (or 24 hoars prior to 7.39 pm on March 27 at the airport. Maximum temperature 33.5 Associated humidity 59 Minimum temperature 25.3 Associated humidity 96 Hours of sunshine 8.10 Rainfall in
      65 words
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  • LEISURE TIMES
    • Article
      Never mind the four silos below
      524 13  -  WEEKEND GOURMET By CHOO AI LENG A FEW YEARS ago when I heard that Prima Mills was going to operate a Chinese restaurant above its flour silos in Keppel Road, I said to myself in a pessimistic sort of way "of all places". Obviously
      524 words
    • Article, Illustration
      Revival of Vietnamese lacquer furniture
      546 13  -  COLLECTING By TSANG SAU YIN THE 20-year old Vietnamese war not only brought death and destruction to the country but also put a firm stop on the export of its lacquer furniture, known throughout the world as the finest to be produced by any country.
      546 words
    • Article, Illustration
      PERFECT HARMONY
      444 13  -  Maintaining individual creativity By LILLIAN CHEW IT IS AN IDEAL furnishing shop for all those who like to do up their homes, personally, and for those who hate the idea of trudging through scores of shopping centres for matching materials. Linea Tre has the fabrics, furniture, wallpaper, cushions
      444 words
    • Article, Illustration
      Three glittering stars
      298 13  -  By PETER WONG THREE sexy Black girls got together one day and, not unlike the story of Cinderella, they worked hard to become stars. And not unlike fairy tales with happy endings, the trio's hard work paid off. They did become stars gaining exposure from acting in
      298 words
    • Article, Illustration
      Hsu with one stroke lead
      930 14  -  By CHARMAINE CHAN THE NEW course record of seven-under par 64 looks as flimsy as Taiwanese Hsu Sheng San's one stroke lead of 134 as the third round of the 1961 Singapore Open Golf Championships tees-off this morning at the Bukit course. SJjeng San is
      930 words
    • Article
      Toughest of the remaining matches
      945 14  -  By RONALD KOW IN SPITE OF Singapore's seemingly disappointing performance against Sarawak last Sunday, tomorrow night's Malaysia Cup soccer match between the Republic and Johore at the National Stadium is very likely to attract a capacity crowd. For an average Malaysia Cup match this season,
      945 words
    • Article
      YOUR WEEKEND SPORTS
      338 14 TODAY GOLF: SICC: The «145,000 Singapore Open Golf Championships the event on the local golfing calendar enters its third round this morning at the Bukit course with the first flight of golfers teeing-off at 7.30. The Singapore Open, the 20th since its inauguration in February 1961, started
      338 words
    • Article
      Costlier swim
      108 14 THE NEXT TIME you take a dip in the East Coast Park Swimming Lagoon, you may have to bring a watch as charges per two-hour session will be in effect from April 1. At the moment the Singapore Sports Council is charging 40 cents per entry but the
      108 words
    • Article
      An ace
      55 14 WILLIE TAY, who has yet to obtain a handicap, managed an ace daring a social round at the Warren Got! Club on Thursday afternoon nsing a 8-lron at the 139-metre 13th hole. This rookie golfer booked Uk ball to the left of the hole and It bonnced twice
      55 words
    • Article, Illustration
      Enormous and luxurious
      981 14 ■0T0RIN6 with Hermes LUXURY is often associated with money. The more money one has, the greater the luxury one can afford. This is true of the car market. Those of us in touch with motoring will remember that the ultimate in luxury, the Rolls Royce Silver Spirit,
      981 words
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      Page 13 Advertisements Column 1
      10 13 (BUSINESS TIMES! When we say business we mean just that
      10 words
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      Page 13 Advertisements Column 2
      81 13 BUSINESS TIMES GIVES YOU THE EDGE o> > I;\T r.n.K .I THE 1981 Singapore Open Golf championship Hsu Sheng San leading by a stroke. CHARMAINE CHAN has the results. TOUGHEST of Singapore's remaining matches. Why? RONALD KOW explains. Your weekend sports diary THE interior smacks of luxury throughout. From the
      81 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      432 13 WHAT WHERE j FILM SHOWS A FOLLOW-UP to the famed French Connection will be screened at the Hilton Movie House on March 29. Gene Hackman takes the leading role in French Connection 2. At 8.15 pm at the roof-top poolside. There will be a $8.50 first drink charge, plus tax,
      432 words
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