The Business Times, 25 April 1981

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/I/8I SATURDAY, APRIL 2s, 1181 60 CENTS
    11 words
  • BRIEFLY...
    • 62 1 KUALA LUMPUR, Fri. The issues surrounding the shares of United Malayan Banking Corporation had been settled, a statement from the Deputy Prime Minister's office said here today. However, the nature of the settlement was not disclosed in the two-paragraph statement. The statement said that bumiputra interests had been
      62 words
    • 84 1 AP KUWAIT, Fri. Saudi Arabia has lent the World Bank US$lO billion as part of a "new strategy to help out the Arab cause and the developing countries," a Kuwaiti newspaper quoted the Saudi Finance Minister as saying. Mr Mohammed Balk hail also told the newspaper
      AP  -  84 words
    • 66 1 Reuter LONDON, Fri. Royal Dutch Petroleum group said today it had concluded an agreement with Saudi Arabia giving it access to about 1.3 billion barrels of Saudi crude oil over the next 15 years or so. Royal Dutch president Dirk de Bruyne said in his annual report the
      Reuter  -  66 words
    • 59 1 Reuter RIYADH, Fri. Saudi Arabia's general petroleum and mineral organisation (Petromin), is to set up five refineries in collaboration with international oil companies as part of its industrialisation programme. A special report released by Petromin here said that the refineries will be in operation by 1983 and
      Reuter  -  59 words
    • 63 1 Reuter TOKYO, Fri. Japan's Mitsubishi industrial group said it has asked China to pay US$B4 million as compensation following China's decision to suspend a multi-million dollar contract for a steel rolling mill at Baoshan, near Shanghai. The request was made at working-level talks on compensation now underway
      Reuter  -  63 words
    • 64 1 UPI JAKARTA, Fri. Jakarta authorities have decided to impose a special tax on videocassettes and increase the road tax on cars in the capital to recover lost revenue resulting from a new ban on gambling. Jakarta was badly affected by the April 1 ban on gambling. The riding
      UPI  -  64 words
    • 67 1 UPI NEW YORK, Fri. Last year's profits by the country's largest corporations shrank in half after inflation was factored in. In a computer analysis of 370 of the largest US industrial corporations, Business Week magazine found that reported profits shrank by more than half after adjustment for inflation
      UPI  -  67 words
  • Chief Price Changes
    • 135 1 Rises Honf Leong Ind 1650 100 G Ceramic* 640 100 H Leong Credit 1080 95 Sea View 1020 60 Tone Meng 310 52 1 C B 1390 50 B Ray a 885 50 Spore Land 1290 40 F E Levingston 1250 40 K G Hldgs 340 40 J Cement
      135 words
    • Article, Illustration
      149 1 Rises HL Credit 1140 80 H L Ind 1840 80 G Ceramics 620 70 Per lis 910 57 Gen ting 1640 40 Tronoh 1900 40 API 470 38 Kg Hold 380 32 M Text 690 30 Sel Prop 2100 30 Falls Malakoff 795 -85 S Dredge 710 -20
      149 words
  • 650 1  -  ONLY 4pc OF EXPORTS INSURED By ALVIN TAY THE Export Credit Insurance Corporation of Singapore (ECICS) has failed in its efforts to reach out to local exporters as well as multinational corporations (MNCs). ECICS was set up in 1976 to protect exporters against export risks that
    650 words
  • 261 1 POORER sales of Mercedes-Benz passenger cars brought about a sharp fall in Cycle and Carriage Bintang (CCB)'s pre-tax profit for the first six months ended last March. The company's Interim profits plunged to $4.75 million before tax from $10.85 million previously. Sales fell by nearly
    261 words
  • 469 1 OVERNIGHT rates in the local money market rose to almost 20 per cent yesterday as banks began to feel the pinch of a huge outflow of funds to the Neptune Orient Lines (NOL) share issue account. The 36 million NOL shares offered to the public
    469 words
  • 313 1  -  By CATHERINE ONG THE Singapore Institute of Surveyors (SIS) and the Singapore Institute of Valuers (SIV) will be merged into a new body if at least 60 per cent of their members vote for a merger proposal at a meeting tomorrow. The extra-ordinary general meeting will
    313 words
  • 282 1 THE development aid mmgemeat of the HUDC boosing scheme will be transferred to the Htadig aad Development Baard. A statement released by the Mlatotry of Nattoaal Development yesterday •aid the Government has agreed in principle to the move. This will enable the beard
    282 words
  • 872 1  -  By HSUNG BEE HWA THE DEPARTMENT of Trade plans to play a more active role in helping local traders. It is stepping up its activities in two areas: trade development and trade information. More study teams are being sent abroad to assess trade possibilities
    872 words
  • Page 1 Advertisements
    • 43 1 DEVELOP THE READING HABIT VISIT STimes Bookshops TMWt OvUanl emit Rubwiuat John Lililr IUCKV'tAZA •SWC'At'STS CE*™t P\.*Z* S««6A»U»* M tot Mom Amo t« 7J?»M Odwd MT# n»MM S- W i i 0*33 •CL-MO«OCt'»T«( WOS'XA HpuS< T 0 23MS" 73&M I HU' Shwwo* XX*BB
      43 words
    • 28 1 I dl ft Soots **OQ% TtwQo* lillLlUlf PAN-WEST (PTE) LTO. PLAZA SING APURA 1 'or. L>r-j-3 Oojo V utC BUIIWNG i] o<x/x)'«* W- PENINSULA PLAZA j-vG 4 Go*"-*
      28 words
    • 78 1 mii) 2 LEISURE TIMES IMF raises interest rates on HOTELS are more than just money traded 3 providers of r00m5.................... 7 FIRST two trial teleconference INCHCAPE Bhd expects dif1ink5......................................... 5 flcult year ahead 11 THREATS facing Macao's tour- BANKS likely to adopt cautions Ist indu5try............................... C attitude 12 TV AND
      78 words
    • 70 1 SINGAPORE FOR PEOPLE WHO MATTER 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 now ready to be savoured any moment m nw
      70 words

  • REGIONAL
    • 212 2 UPI SOME 1,800 Australian domestic air hostesses remained on strike yesterday, grounding thousands of travellers for the second day in a row. Talks failed to get the hostesses back to work and if there is no breakthrough, an estimated 70,000 people could be stranded over
      UPI  -  212 words
    • 119 2 AFP PASSPORT control will be introduced between Australia and New Zealand very soon following a decision by the Australian Cabinet on Thursday. An official announcement is expected from the Minister for Immigration, Mr lan Macphee. A report from Wellington quoted New Zealand Prime Minister
      AFP  -  119 words
    • 306 2 UPI JAPANESE Prime Minister Zenko Suzuki plans to plead Ills case tor voluntary controls aver ear exports directly to the American people when he visits Washington next month. Tokyo government sources said that Mr Suzuki will make the appeal daring an address
      UPI  -  306 words
    • 710 2 WITH a total installed capacity of around two million tons a year by 1983, Malaysian steel mills will be able to supply all the steel bars, wire rods and wire rod end products needed by the building and construction industries during and beyond the
      710 words
    • 456 2 NYT INDIAN officials have told the Reagan Administration that if the United States does not keep to its agreement to continue shipments of nuclear fuel, India will not honour safeguards of the American-built nuclear facilities at the Tarapur power plant. The Indian position was made clear
      NYT  -  456 words
    • 301 2 Reuter THE WORLD Bank has suggested to Western donor countries and Japan that they keep up their aid levels to Indonesia despite the country's burgeoning foreign reserves. The bank lends more than US$7OO million annually to Indonesia at both concessional and ordinary
      Reuter  -  301 words
    • 272 2 UPI GENERAL Sant Chitpatima, the unsuccessful Thai coup leader, must apply for a visa if he wants to go to the United States An American embassy spokesman in Bangkok said: "His political asylum is now the responsibility of the country that he
      UPI  -  272 words
    • THE REGION IN BRIEF
      • 387 2 Agencies CANBERRA strongly objects to the extraterritorial application of US law, particularly in the anti-trust area. Foreign Minister Tony Street said yesterday. Speaking on the Reagan Administration and its implications for the Australia/US relationship, Mr Street said Australia's interests in such matters are pursued actively. CHINA'S Computer Service
        Agencies  -  387 words
    • 417 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anyi (after Alioth, draft now 7.3 m) 18 Builder n (0700 after Builder) 22 Chios Merchant (0200 tide, must starboard a side, after Qing He Cheng shifts) 8/9 Equator (0700) 21 East Frotakobe (after Thoraseverett shifts) 42 43 Golden Wonder (after Kim
      417 words
    • 820 2 ARRIVALS Service Local Operator Number Tine From MAS MH811 0615 PEN MAS MH603 0830 KUL MAS MH671 1000 PEN KUL SIA SQ201 1000 HLP I CAL CB14 1005 HLP CPA CX710 1006 HLP GU GAffiO 1030 HLP SU SQ103 1045 KUL GU GA908 1045 MES MAS MH605
      820 words
  • Page 2 Advertisements
    • 269 2 NOTICE 8250 *6v COMPUTER SYSTEM A reputable Bank is upgrading its Computer System and has a fairly new and well-maintained NCR 8250 Computer System for sale at a very reasonable price. Configuration are as follows: (1) One NCR System with 128K Bytes MOS Memory (2) Two 6560-0402 9.Bmb Intergrated Disks
      269 words

  • OVERSEAS
    • 405 3 Reuter IN THE latest of a wave of mergers in American industry, two major producers of processed food, Standard Brands and Nabisco, have signed an agreement to create a new corporate giant, Nabisco Brands. The merger, involving an exchange of shares worth about US$2
      Reuter  -  405 words
    • 153 3 Reuter WEST German Economics Minister Otto Lambsdorff said the Bundesbank has no alternative to maintaining the current high level of German interest rates. Mr Lambsdorff, who attended yesterday's Bundesbank council meeting, said no-one is happy about present interest rates, as they hamper investment and do
      Reuter  -  153 words
    • 257 3 TWO OF the biggest US oil companies have reported that the slump in demand for petroleum products in the United States and abroad reduced first-quar-ter profits from record levels a year earlier. Exxon Corporation, which is not only the biggest US oil company
      257 words
    • 160 3 Reuter SAUDI Arabia is unhappy with the United States because of Washington's lack of initiative in bringing about peace between the Arabs and the Israelis. Saudi Oil Minister, Sheikh Yamani said the Middle East would explode unless the US moved to bring about an Arab-Israeli
      Reuter  -  160 words
    • 110 3 UPI FRENCH Socialist presidential candidate Francois Mitterrand has vowed that he would seek to end the US dollar as the international trading currency and would also treat Moscow and Washington more evenly. As the 10 candidates for the first round of voting tomorrow headed
      UPI  -  110 words
    • 510 3 AP THE INTERNATIONAL Monetary Fund (IMF), has announced an increase in the interest rates on the money it trades among its 141 member countries, including the United States and China. As a result, unless world interest rates drop during the rest of the
      AP  -  510 words
    • 321 3 Reuter BRITISH Prime Minister Margaret Thatcher left Oman for Qatar yesterday after talks about strengthening defences of the strategically crucial Sultanate. Britain has long been Oman's main supplier of weapons and British sources said the issue was high on the agenda of her talks
      Reuter  -  321 words
    • 300 3 Reuter PRESIDENT Reagan will. address Congress next Tuesday to press for quick passage of his economic programme in his first public appearance since he was shot. A White House spokesman said that Mr Reagan, recovering from a lung wound received in
      Reuter  -  300 words
    • 282 3 Reuter INFLATION eased considerably in the United States last month to an annual rate of 7.5 per cent, a further sign of improvement in the economy. The Labour Department said consumer prices grew only 0.6 per cent last month compared to February when
      Reuter  -  282 words
  • Page 3 Advertisements
    • 180 3 1 I r I Wl»l >1 III! II v. -.."wzw-: ()n 1 May. we're introducing a feuunusual features on our exclusive 747 Super-Bs across the Pacific, to make your flight even more relaxing than before. We've created the most spacious First Class cabin in the world, where every seat is
      180 words
    • 57 3 TOTAL LIQUIDATION BY PUBLIC AUCTION OF JEWELLERY ORNAMENTS Mixed Items of Old and New Designs Set with Diamonds. Rubies. Emeralds and Sapphires To Be Held At Bokhara Room. Marco Polo Hotel on Sunday. 26th April 1981 Viewing: From 9.30 a.m. onwards Auction: At 2.00 p.m. precisely Auctioneers Victor Moms Pte
      57 words

  • RAW MATERIALS
    • 318 4 THE eight trading days, interrupted by the long holiday, featured a sharp jump of 29 cents from the bottom, with current 1 R.S.S. closing the period 16 cents up overall, says Holiday, Cutler, Bath and Company in its latest review of the Singapore
      318 words
    • 98 4 Soybean futures in Chicago on Thursday ended with pared gains, up 6'/i cents a jjishel in old crop to IV2 eents higher in new crop. Late sympathetic speculative selling and local long Uquidaion following the dealine in wheat and corn accounted for clipped gains. However, values held firm from
      98 words
    • 140 4 WHEAT futures in Chicago on Thursday closed on bottom of an 11 Mi cent range, down three to IV< cents a bushel in active trade. Extremely aggressive commercial and professional pressure in afternoon trade sparked local selling and dropped prices for losses, sources said. Afternoon reports that no decision
      140 words
    • 232 4 THE Singapore market yesterday closed sharply lower with May One RSS buyers quoted at 249.00 cents per kilo, down 14 cents from Thursday's close, dealers said. Morning prices were marked down about 12 cents on easier London advices and freer offerings they said Afternoon prices lost further ground on
      232 words
    • 327 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 250.00 251.00N Int. 1 R.S.S. May 253 50 254.50 Int. 1 R.S.S. June 252.50 253.50 Int. 2 R.S.S. 224 50 225 50N UK Cont 223.50 224.50N Int. 3 R.S.S. 219 00
      327 words
    • 109 4 NOON SSR and SMR price* ywterday RAS May June (Curreat Mth) (Forward Mtk) Buyer* Seller* Buyer* Seller* SSR 20 (1-ton pallet) 228.00 230 OON 230.00 232. OON SSR 50 (1-ton pallet 1 225.00 227.00N 227 00 229 OON MRKLB May Jm ■a SMR CV (1-ton pallet) 293.00
      109 words
    • 72 4 THE STRAITS tin price in Penang yesterday (ell 26 cents to M 539.15 a kilo, taking it closer to the bottom of tlie $3MI to $32.74 International Tin Agreement's middle price range, dealers said. Higher disposals and easier overnight London advices, coupled with reduced overseas buying, contributed to
      72 words
    • 34 4 Rubber: April 24 Singapore: May: 249.00 cents (down 14.00 cents) Malaysia: May: 268.50 cents (down 13.50 cents) Tin: M 530.05 per kilo (down 26 cents) Official offering: 201 tonnes (up 86 tonnes)
      34 words
    • 93 4 NIGERIA'S 1980/81 (October-September) total peanut crop is estimated at 400,000 tonnes versus 377,000 estimated for the previous season, but again there will be no exports, the US Agriculture Department's counsellor in Lagos said in a field report. The report, received earlier this month, said soybean
      93 words
    • 179 4 CHINESE Produce Exchange, Singapore, noon closing prices per 111 kg yesterday. CwMit *11: Bulk fob $115.00 sellers, old drum (in second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Capra: Mixed (loose) $63 50 buyers. Pepper: Muntok white pepper fob Asta NLW $412.50 sellers, Sarawak white
      179 words
    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix 20s 2,275; 32s 2,790, 40s 3,050 (per bale of 400 lbs). Piece g—4»: China Butterfly and Globe brand unq; Dragon Head uoq; Five Lambs unq; Flower and Butterfly
      193 words
    • 325 4 SINGAPORE: Yesterday's closing prices in S$ 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 1.06, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      325 words
    • 947 4 COFFEE: Trade buying in new months yesterday lifted robusta futures at the midday call and they ended the morning with gains of £4 to £6 a tonne, dealers said. Buying interest focussed mainly on July while there was also scattered interest in July, Sep and Nov, Traders meanwhile
      947 words
    • 148 4 THE Kuala Lumpur market yesterday rose slightly on some light buying interest in moderate trading, dealers said. In April the southern region remained unchanged at MJ97O a tonne. In May central gained $2.50 to $947.50, south traded at 955 while north eased $17.50 to $952.50. In June central
      148 words
  • ASIAN STOCKS
    • 491 4 TOKYO SHARE prices yesterday closed higher on selective buying in leaders, large capitals and natural resources, dealers said. The market average gained 10.69 to close at 7,534.41 after hitting a record 7,546.93 at the morning close with trading moderate and volume 460 million shares for end-month
      491 words
    • 309 4 BLUE chips led the way yesterday as the market rose sharply on continuingly increasing volume. The index gained ground steadily, except for a setback at mid-morning. Buying appeared to come from locals as rumours of an end of rent control spread on the trading floor. Cheung Kong was the
      309 words
    • 232 4 SHARE prices yesterday closed on a weaker rote as sellers tightened their grip on the oU sector and took selective profits in industrials, dealers said. APR M CenU INDUSTRIALS A. C. t su •n A N t 3® 5 A P M no unch Ampol P*tltO 5 a H
      232 words
    • 222 4 THE stock market yesterday continued firmer for the second day with total volume passing the 200,000 share mark and value reaching 21.2 million baht. Thai Danu Bank gained four baht to 249, Bank of Ayudhaya two to 158 and Bank of Asia and Industrial Finance each added one baht
      222 words
    • 118 4 THE market yesterday closed mixed as turnover rose to 3.1 million pesos from 1.2 million, dealers said. Phil Overseas rose, while Oriental B and Seafront fell while others were either unchanged or untraded. APR M Aco)t Mlnlnf Paaoa uncb AUU Con. A Atlas Con B uncb Onkl 004 -OJOM
      118 words
    • 2 4
      2 words
  • Page 4 Advertisements
    • 232 4 You Could Easily Be Speaking Indonesian In 3 Months! The secret of learning a language T?* mim* a. Nzv t X 4r"> v> s>t, v 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
      232 words

  • TRADE AND INDUSTRY
    • 184 5 THIS is one of the high-technology machines to be exhibited at Asiatex 81, an international exhibition of machinery and materials for the textile trade. It is an automatic flat knitting machine that is programmed by a pierced paper band controlled by electromagnets. The Italian manufacturer says
      184 words
    • 310 5 THE government will not lift a finger to help industries which fail because they do not modernise. The warning came from the Minister for Trade and Industry and Health, Mr Goh Chok Tong, yesterday. He was speaking at the commemoration of a new two-piece can
      310 words
    • 720 5 SEMINARS AND COURSES Apr 26-May 1: Residential seminar The Job of the Chief Executive, Apollo Sentosa Hotel, Sentosa Island, Singapore Institute of Management IMEDE Management Development Institute Apr 26-May 1: First Asian and Pacific Chemistry Congress, Shangri-La Hotel Apr 27: Effective Report Writing, Hilton Hotel, Consulasia Apr 27-28:
      720 words
    • 93 5 ELLEN Gaw has returned from the US to serve Holiday Inn Hotel Singapore as public relations and advertising manager. Miss Gaw was public relations and advertising manager of the hotel for four years before going to the chain's Asia/Pacific regional headquarters in Hongkong as assistant director of
      93 words
    • 155 5 A SIX-MAN trade delegation from the American state of Illinois will be in Singapore for a two-day visit next month to promote sales and to look for distributorships. The mission will be led by Mr Norman Li, an international marketing consultant with the Illinois Department of
      155 words
    • 135 5 TRADE between Asean and Russia last year totalled US$l billion, a four-fold rise compared with $250 million in 19TT5. The largest trade increase was that between the Philippines and Russia. Over the five-year period from 1976 to 1900, trade grew by 11 times to $200
      135 words
    • 247 5 SINGAPORE can expect more investment from the Al-Futtaim group of the United Arab Emirates with the setting up of its whollyowned subsidiary in Singapore. The subsidary, Al-Fut-taim Asia Pacific, will become the base for the group's expansion into trading, manufacturing, hotel and property business in
      247 words
    • 282 5  -  By FONG MEW LENG SINGAPORE will by 1983 have an advanced text communication service that is two to four times as fast as the conventional telex. The Telecommunications Authority of Singapore is planning the new service, called teletex, now used only in a few European countries.
      282 words
    • 183 5 OPENING doors can be expensive. It costs Hilton hotel an estimated $27,500 each year. No, this money did not go to doormen employed for the job, because the hotel has automatic sliding doors. A recent study by the hotel found that its doors were open an
      183 words
  • Page 5 Advertisements
    • 196 5 ■>-* i <s> m fi L Ford Econovan IB 1 I r Ford Courier r ':e :W Ford Trader Imported direct from Japan. Now there are vehicles that can make more money for you. Ford trucks and vans have a longestablished and enviable reputation for rugged reliability. They are built
      196 words

  • 369 6 RECENTLY, well-intentioned individuals and groups have turned their minds to the implications of the breakup of the traditional Asian family unit; a worthy cause, as would be any attempt to keep tabs on the nature and effects of changes in society. In the pursuit of rapid
    369 words
  • 337 6 EVEN THE merest hint that local financial institutions might be less than eager to play their part in the economic restructuring of Singapore would be perturbing. It is, therefore, devastating to hear a senior officer of the Government's own bank indicate that such a reluctance
    337 words
  • 791 6  -  By GRAHAM LOVELL Reuter AN INTERNATIONAL travel group has warned that Portugal's tiny possession on the South China coast could destroy itself as a tourist attraction and forfeit millions of dollars in revenue unless authorities act quickly to control development programmes and preserve its
    Reuter  -  791 words
  • 1051 6  -  The combination of a tough new land policy, rising unemployment, reduced tourism and a growing drug-smuggling problem is tarnishing the Bahamas' image as the holiday maker's favourite resort islands. NICKI KELLY reports. NICKI KELLY FT MR LYNDEN PINDLING's government in the Bahamas, the island group strung
    FT  -  1,051 words
  • Page 6 Miscellaneous
    • 686 6 I I -m-on crossword IJ CRYPTIC PUZZLE ACROSS 4 Airmen possibly spoilt 7 It's said to demand attention (4,4) 8 A name for irregular eaters (6) I Offend in the least disturbing way (5) 13 Just me again (4) 14 Dear addressees (4) 15 Many a piece of land is
      686 words
    • 51 6 MeRRD THE. Neu)S? THC CP*mejEti HPvS LOST lISTFNNOS TQ ReBSON TO STUFF "U-tCouoH piLfeRiNG TVA\S u>eeK thpvn eefoßeItJ SPiIG OF HAVING SOCU«»Ty M£N OH k G»OPtRD WReO£N£D C£irvttNP\L.S F\ pr>RH IS FS soPieoNC To PtT TH£»<? U)tTS POFMNST THC ereRMpNL st«UGOC£. OF Good v ev< L r i*i B'. TP.'
      51 words
    • 768 6 THAT MACHO private eye, Dm Tun, If tack igiia m Chaaaei 5 at IJ$. la tealght's tptatit ef Vegas, D»i Tian Is klduppei by a heaatifal Mcade wbe ships klmtflto HiMiita. IMb maa, vW I* anally swarmed by a beach ef giddy hisaies, later leans that a Mafia gaag waits
      768 words

  • 859 7  -  Take your pick a single room or a double room, the suite or the Presidential suite. Hotel rooms are now multi-purposed, complete with separate sleeping and living area for the businessman who may be holding a series of conferences and meetings. Providing rooms for weary travellers,
    859 words
  • 667 7 as the modern-day hotel now contributes immensely to entertainment from musical shows and film shows to dinner/ theatre presentations. HOTELS in Singapore are more than just providers of rooms. They are becoming one-stop entertainment centres. They have facilities for dining, drinking, watching a show, a movie or
    667 words
  • Page 7 Advertisements
    • 439 7 1 3 #s* <<*.« s \v J.'n i jt WINDOWS AT tiffanys !sKi®SPrf' >vw® i*-'. I l/CvMii!*!* I LAN TH ILAN&UaGtOf w Jt+ I 11 v K A \r^ M I V i «1 Pt -V -1 A Abrams ARTBOOKS A selection of 3 great works THE LANGUAGE OF GRAPHICS
      439 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 183 8 APR 23 ru A FN moo 16 Ahold 8X10 X7 Akao am 0-2 amev 91-50 unch Am fas 100.80 XI Amrobnk *0 SI 00 -0J Berk 4900 15 Bols 56 00 -0.8 Borsumu moo Burnminn Ctl&nd <1 10 05 36 JC 05 Caive Delft XI.50 15 Dell MIJ TI50
        183 words
      • 230 8 APR 23 CORBEILLE Air-Uquide 48S -S B 8 N Oerrali Danonc 1081 -7 C 8 F (Thomaon- 383.30 *12 Caf) CM rrancalae 218 50 -1J Compa«nle rinanciere Compacnle Oenerale as 10 Credit Fonctar 381 ■fS De France Hachette ***** sue «-8 *12 (Limine)Machine* Bull Mlchelln (B) 835 unch Parlbai
        230 words
      • 91 8 APR 23 Frt FORWARD MARKET AMC 309 -4 Arbed tan •10 Ajtur 366 •14 BrMctn 1060 6 Bru-Lamb US 3D Canptc 1460 -22 Cock I'M 6 De Beert 304 unch Ebet 1610 ao Electrobel 2806 -45 Ob-Inno-Bm 2025 5 o«* 1372 22 HHobok 2366 66 Petro 4466 25 Ryl
        91 words
      • 208 8 APR as Dm Aac-Tctetunkvn «0J0 -0-2 Akan 21 00 0« AlU Leben lnooo 30 A1U Vera 4M00 1 BASF 130 00 -03 Bt)HT Wb*nk aoooo 40 Bay Vbtnk Baypr ***** -04 BBC 770 00 42 BMW ***** -i Cuw its as 414 Chem Verw M0 00B Commcrsbtnk 1S190 Contl
        208 words
      • 178 8 apr a Francs Actions Suisse* Alusulsae Br Alusulsse Rea Brown Bo»er1 Br Cite Otifj Br Oh* Otlfj PC at* o«i(7 R«« Credit Suisse Br Credit Suisse Re« Ctektrontt Br Oeorfe rise her Br Qlotous Pe Hero Br. Hoffman L* Roche 1/M Holderbtnk Br Interfood Br. jcimoll Br m 1086
        178 words
      • 80 8 Aaaoc On ■MHO SIO ■1 3500 r»nlr»U 0440 101 n*i 3400 25 PliuMer •1 0*n Immob IT! Prl on 7S61 2 52 Ilalecmentl »ioo no IIAlCU 1100 -4 D Ilai«Ktrr Magn*u M Pf 300 i am -0 Mkrelll Ere BUMp *****0 Mwllob •800 MlrelAiua ***** MontUdotl torn -1 «0
        80 words
      • 194 8 APR a cs AMUM at Alean 43 A Ijom* Bank Mont 30H Bank Novs Scoua SOS Bell Tel 1«* Beth Corp BP Can Ltd 41* Braacan Camp Red Lake M Can Imp Bk 31*» C an pax «8»> Can par In* Pf I Carllnc OTleete t 1 Comlnco 67H
        194 words
      • 283 8 APR 23 Rand INDUSTRIALS A Alpha 400 5 ADerrom wo unch AE And CI 910 AMIC 2SA0 15 Btrlovi «no unch Cf Sugar CNA 1100 MS -IS Currtt Finance 236 1 De Beer* Ind Edcon M0 Ed|trt Evtmdf red Vott MOB Puftt 230 unch Oardten OtcnarU Ortumn 1300 Hippo
        283 words
  • Page 8 Advertisements
    • 649 8 "The American Express Card serves ps you well, wherever good food is served". ml e Snacks for your island treks l 7A kt y— B3s. -3 iJ Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef k Bun Pack Lunch Open: Monday Friday 10.00
      649 words
    • 134 8 Whatever your taste, the Cockpit Hotel makes it great mt <*£00$ -I Dragon Palace Ractaurant Siameae Seafood We re famous tor our Restaurant Cantonese Cuisine The Siamese Seafood Restaurant is as good as Bangkok) 9 m V zr* r Victoria Bar The Coffee-House Relax in an atmosphere of For informal
      134 words

  • BANKING AND FINANCE
    • 167 9 AFP THE FIRST leasing conference in the Asia-Pacific region opened in Manila on Thursday to boost leasing as an attractive financial alternative. The two-day conference on leasing in Asia, also aims to form a nucleus association of companies in Asia which will promote leasing in the
      AFP  -  167 words
    • 99 9 Reuter WEDNESDAY'S 24-hour strike by the British Banking, Insurance Mid Finance Union (Bifn) has shut about ltt of the branches of UK clearing banks, bat has had little disruptive effect. Bat Nick Cowan, director and secretary of the Federation of London Clearing Bank Employers said cheque clearing
      Reuter  -  99 words
    • MONEY AND EXCHANGE$
      • 532 9 THE US dollar weakened against local currency in the Singapore market yesterday, mainly due to high local overnight interbank rates. But high Eurodollar rates kept the dollar generally firm against other major currencies, especially the mark and sterling, dealers said. The US dollar opened firm against the mark,
        532 words
      • 249 9 SINGAPORE gold futures yesterday closed mixed compared with overnight levels after moving within narrow margin in quiet trading, dealers said. Total sales for the day was recorded at 24 lots while volume for kerbs was ;at 60 lots with interest "mainly centred on June "and August contracts, they said.
        249 words
      • 36 9 Thus W e* New York 11.35B 11 35B U.55S 11.55S Zurich 11 20B 11.65B 11.40S 11.85S Prt linn Singapore 11.30B 1X.20B 11.50S U.40S Closing prices in US dollars a troy ounce. Source: Credit, S`pore
        36 words
      • 107 9 THE dollar for overnight ".delivery yesterday closed Tit 215.35 yen, compared 'with a 215.30 opening here, a 215.10/30 close in New York, 215.10/20 on the West Coast and 215.65 here on Thursday, dealers said. Trading was active, with volume US$l.l6 billion. The dollar fluctuated .narrowly between 214.85 •and 215.60
        107 words
      • 51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 27 to April 30: Offered: $110,000,000 Applied for: $177,000,000. Allotted: $110,000,000. Accepted bids: $98.35 approximately 37 per cent and higher bids in full. Average rate ®f discount on allotment: 6.585 per cent per
        51 words
      • 23 9 THE average rate at which major Singa* pore banks are currently prepared to lend to their best customers is 12.85 per cent.
        23 words
      • 193 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Apr 24. U8 Dollars(Spot) Offer Bid 7 days 15% 15*. 1 month 16 3/16 16 1/16 2 months 16'. 16't 3 months 16 7/16 16 5/16 6 months 16 7/16 165/16 9 months 15 13/*****1/16 12 months 15*. 15H
        193 words
      • 46 9 RANGE of prices offered by di*count bouses on Apr 24: Overnight: Call deposits: 6% to 7V«% (M| Buyiaf Selling 3-month Treasury bills 6 1 6H 3-month Bank bills 9*4 9M 3 months CD 9 9/16 97/16 6 months CO 10'-* 10 Source: National Discount Company
        46 words
      • 140 9 THE US dollar yesterday traded steadily against major currencies as most banks closed early ahead of the long weekend here, dealers said. The market was very quiet all day, although the dollar slipped against the yen this morning in line with commercial pressure in Tokyo. It closed at 215.45/65
        140 words
      • 99 9 THE dollar yesterday maintained the gains it made in New York and Hongkong and opened nearly a pfennig higher than at Thursday's close here, dealers said. The US currency opened at 2.1728/35 maris after closing at 2.1710/20 in Hongkong and 2.1645/55 here. It later firmed to 2.1745/55. Opening quotes
        99 words
    • 327 9 BONDS LOANS Agencies THE JAPAN Development Bank will float a 100 million franc, 10-year bond on the Swiss capital market until April 29, lead manager Bank Corp said. Coupon and issue price has been set. The last time the Japan Development Bank floated a public bond issue on the Swiss
      Agencies  -  327 words
    • 97 9 UPI THE SOUTH Korean government has chosen Bank of America (IMA) u foreign partner in a Joint-venture commercial bank. The Korean partners, seven or eight large badnesses, will Jointly hold M per cent equity la the new bank to be capitalised at II billion won (U5544.75 million). BofA
      UPI  -  97 words
    • 164 9 AFP AN EXPERT group is now working on the proposal for setting up an Islamic bank in Malaysia. The deputy minister in the Prime Minister's department, Datuk Abdullah Abdul Rahman told the Senate (upper house of Parliament) the report would be ready by May or June. It
      AFP  -  164 words
    • 48 9 Reuter THE ASLAN-Pacific Bankers Club, established last September to cultivate friendship among bankers in the region, will hold its first annual general meeting in Tokyo on Monday. The countries involved are Australia, Hongkong, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand. Reuter
      Reuter  -  48 words
    • 1002 9 THE NEW York stock market on Thursday ended with a modest gain in heavy trading after goal news on inflation was offset to a degree by a looming Congressional battle over tax cuts. The market rallied on news that consumer prices rose 0.6 per cent in
      1,002 words
    • 425 9  -  By ALVIN TAY BANCO de Chile, the largest private bank in Chile, took another step closer to Singapore with the latest listing of its US$3O million floating rate notes (FRN) here. This is the second international issue by Banco de Chile, its first $35
      425 words
    • 224 9 HONGKONG and Shanghai Banking Corp's deputy chairman John Boyer was noncommital on whether the bank would make yet a further bid for Royal Bank of Scotland following news Royal had agreed to accept a revised takeover offer from Standard Chartered Bank Ltd. Asked if Chartered's
      224 words
  • Page 9 Advertisements
    • 199 9 NOTICE > v GIANT SLICE OF BRISBANE AUSTRALIA'S RESOURCE BOOM CENTRE "EATONS HILL'* The Largest, Closest, Prestigious, Northside Gazetted Residential Development 9.2 Miles (15.3 Km) from the City Centre Appro* 990 acres of prime land with Council Agreement to develop a further 3,000 plus, residential allotments. Value ol enpenoiture to
      199 words

  • 2251 10 BID and offer prices officially listed and business in 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 ft COMMERCIAL Acma (3.725)
    2,251 words
  • 177 10 SINGAPORE UNIT TK18T (MMipn' price* tar Apr 17) The Commerce 3 98 4.18 The Savings Fund 2.18 2.29 S pore Prog Fund 165 1.73 S pore Sec Fund 2.59 2 72 S pore Invest Fund 2.48 2 58 S'pore Equity Fund 1.58 1.87 ASA UNIT TRUST (Mi-gin' phtm
    177 words
  • 2843 10 1981 High Low Company Last Sale orGr'» Div Div C'vr Gr's Net Y'ld P/E Vol Day COOO) High 1 Low SECTION ONE i r INDUSTRIAL ft COMMERCIAL 376 334 296 420 200 950 550 430 320 Acma Alcom 130 Allied Choc 161 BAT 330 Bata 110 Ben
    2,843 words
  • 2117 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. INDCBTBIALB Alna (3.285) (1) 3 30 (4) 3 28 A CkM (2.8T8
    2,117 words
  • 735 10 SHARE PRICES con tinned to rise steadily at the stock market yesterday, showing no signs of retreat aor respite. Hie nsnal sideways movemeat of share prices on Friday was absent, and broking firms were scrambling to place their orders before the week closed. A
    735 words
  • 480 10 SHARE prices edged higher on heavy trading at the Kuala Lumpur Stock Exchange yesterday, closing steadier. The hectic pace was concentrated on selected industrial issues which moved forward on speculative interest. This was reflected in General Ceramics which shot up 70 cents to close
    480 words

  • COMPANY NEWS
    • 209 11 BETTER revenue coupled with a significant extraordinary gain helped to boost Ambassador Hotel's pretax profit 54 per cent higher to $1.64 million for the financial year ended December 1980. The hotel's results, announced yesterday, did not indicate the exact amount contributed by extraordinary items. However, in view
      209 words
    • 966 11 Carreat Ex Beaks Date Tata! far Tatai far Paymeat Date Clase PayaMe the year Previaaa year API 3%TE Jun 2 Jun 12 Jul 4 3%TE Aieam Amkassadar 5% NYA NYA NYA 10% 12% 7Vi%(b) May 27 Jun 3 Jun 29 7"j% 7M»% Amcai 3%TE Jun 2 Jun 12
      966 words
    • 166 11 C«mpaay Pirtkilan Ex Date Backs Clue AJCMD Proposed rights issue of 2 for 1 <g, |1.70 per share NYA NYA API Proposed rights issue of 1 for 1 $1.00 per share nya NYA A Enterprises Bonus issue of 1 for 2 NYA NYA AJLMOMU Bonus issue of 1
      166 words
    • 154 11 THE 30.758 million ordinary shares of Malaysian Oxygen Berhad (MOX) will be listed under the industrials section of the Kuala Lumpur Stock Exchange on an immediate delivery basis from Monday. On April 6, MOX offered 4.825 million shares for sale at $1.70 per
      154 words
    • 34 11 THE REVALUATION surplus on Boustead Holdings Berhad's property and plantation assets, including those of 56 per cent-owned Malakoff Bhd is Ms6l million, and not $115 million, as reported in Business Times on Friday.
      34 words
    • 487 11 DUNLOP Malaysian Industries is likely to find the going tougher this year as significant cost increases are expected to exert pressure on margins. Managing director J H Bell said in his latest review that it will be difficult for the group to maintain profit at
      487 words
    • 113 11 TUNKU Dato Ahmad Bin Tunku Yahaya, joint chief executive of Sime Darby, has been appointed a director of CaamUdatMl Plantations and Kempu (Malaya) Berhad with effect from April 20. PACIFIC 'Development Credit had sold its entire investment in Elbipi International (S), comprising 260,000 shares of $1 each, to
      113 words
    • 1688 11  -  By CHRIS LIM INCHCAPE BHD, which came through 1960 with a sterling performance by achieving a 60.1 per cent jump in pretax profit, expects this year to be more difficult. This is because of worldwide recessionary trends which are expected to affect
      1,688 words
    • 702 11 PARAMOUNT Corporation Bhd will pay M 53.75 million cash for a 49 per cent stake in Nanyang Insurance Company Bhd. Replying to the Kuala Lumpur Stock Exchange, the company said approval has been given by the Capital Issues Committee for the purchase of
      702 words
  • Page 11 Advertisements

  • 325 12 Reuter INDONESIA is cutting the premium on its export oil by 50 American cents a barrel. A spokesman for the Pertamina oil company said yesterday the new premium would now be US$l.5O on base prices of its two main type
    Reuter  -  325 words
  • 164 12 AP THE NUMBER of foreign tourists visiting Indonesia rose last year by 11.9 per cent over the previous year. The Director-general for Tourism, Mr Achmad Tirtosudiro said a total of 561,178 foreign tourists, mostly from West Europe, Australia and the US, visited the
    AP  -  164 words
  • 339 12 AFP JAPAN intends to reduce sharply its imports of Sabah timber this year, presenting a severe threat to the state's major export industry. Timber Association of Sabah (TAS) chairman, Datuk Majid Khan, said this in Kota Kinabalu yesterday. Datuk Majid, who led
    AFP  -  339 words
  • 292 12 AFP THOUSANDS of fanatical youths are joining neo-Nazi groups in West Germany, ready to commit violence to achieve their objectives and setting up militant "cells" throughout the country. The frightening growth of this "new wave" Nazism, characterised by a "reinforced fanatacism against the democratic
    AFP  -  292 words
  • 139 12 Reuter FORMER Kampuchean head of state Prince Norodom Sihanouk said yesterday that China had agreed to give small quantities of light arms and ammunition for his personal forces on the Thai-Kampuchean border if they fought effectively against the Vietnamese. The Prince said
    Reuter  -  139 words
  • 249 12 FIVE lecturers from the Engineering Faculty of the National University of Singapore (NUS), will leave on Monday for a seven-week attachment to Japanese universities and research institutions. They are Drs Ling Chung Ho (electrical engineering), Chou Siaw Kiang (mechanical and production engineering), T Balendra
    249 words
  • 536 12  -  ECONOMIC FINANCING By LILLIAN CHEW BANKS are likely to adopt a cautious attitude when it comes to financing economic restructuring activities in Singapore. This opinion was voiced by Mr Frank Chu, the assistant vice-president and manager in charge of trade and finance of Development
    536 words
  • 170 12 Reuter FOREIGN shareholding exceeded 25 per cent in 46 Japanese companies following an active inflow of foreign investment into Japanese corporate stocks. The Tokyo Stock Exchange said in a report that based on a survey of all the 1,406 firms listed on the exchange,
    Reuter  -  170 words
  • 176 12 AFP BRISK exports helped Japanese car production to rise to a record high in fiscal 1900, which ended in March. The Japan Automobile Manufacturers Association (Jama) said yesterday that output of vehicles in Japan in the last fiscal year jumped 11 per cent from
    AFP  -  176 words
  • 149 12 Reuter THE doctor-to-patient ratio is worsening in developing countries, with tens of thousands of their own doctors working in the West or the oil producing states. A World Health Organisation (WHO) survey shows that while there are more doctors per head of population in the
    Reuter  -  149 words
  • 832 12 LONDON, Fri. Equities rose strongly at the outset with the Financial Times index moving to a new peak of 596.0 before profittaking set in and the index at 3pm slipped to 588.6, up 4.3 points from yesterday's close of 584.3. Dealers reported fairly active two-way business. Early demand
    832 words
  • 67 12 AP NEW YORK, Fri. The stock market was little changed this morning, continuing its recent indecisive pattern. Gainers slightly outnumbered losers in the early tally of New York Stock Exchange-list-ed issues, but the Dow Jones average of 30 industrials slipped 0.45 points to 1,008.82 in the
    AP  -  67 words
  • Page 12 Advertisements
    • 174 12 @`<=@\_-&(=[>@[;+);}"*)?;>&]'.) The Straits Times The tab onyour business connection of over 5,000 names and addresses! The general business listing of the Straits Times Directory or Buku Merah (as we are also known) is a compendium of names and facts you ought to know. For instance, if you have only a
      174 words
  • Page 12 Miscellaneous
    • 65 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few areas around noon onwards. Report tor 24 hears prior to 7J9 pen m April 24 at the airport. Maximum temperature 31.9 Associated humidity 66 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 7.85 Rainfall in
      65 words

  • LEISURE TIMES
    • 736 13  -  By PATRICIA GOH EF I HAD a daughter, I wonder if she'd ever see the Oily Man. He was the bogey that lurked in the school toilets, and never got caught because he was too slippery. Perhaps it was some teacher's ploy to scare little girls into
      736 words
    • 328 13  -  COLIECTIMQ By J LIM WORK brought a certain Singaporean sailor to China and he returned with more than just memories and his pile of worn out clothes. He came home loaded with treasures. And he is releasing some of these for auction by Victor Morris
      328 words
    • 267 13  -  JUNE LIM THE BATAK SINGERS have done It again. They have lifted the hearts of their listeners with their rich, powerful and melodious singing. Led by veteran performer Lnrsen Sipayung, the group of five singers lifted their voices and drowned the sounds of noisy conversation of the
      267 words
    • 444 13  -  RAY ANG FOR SOMEONE who had never witnessed Indonesian dancing at first hand and up-close, it was quite fascinating to be reawakened to my Asian heritage, and to appreciate the difficult dance that two Balinese dancers were performing at the Indonesian Indah. While the West still
      444 words
    • 300 13  -  By JUNE LIM A LITTLE boy watched Andy Williams rehearse in the afternoon just before his performance on Thursday. And he watched him for a whole hour. Finally he approached the stage and spoke up, "You don't look so good
      300 words
    • 388 13 TONIGHT the Mel Brooksjoke machine travels West in the vehicle of his 1974 production, Blazing Saddles, a parody of the cliches of the cowboy films. To cult fans of Brooks, the film is a "must" and is, according to a local film critic, "the most
      388 words
    • 936 14  -  <___m w 17 By RONALD KOW IT HAPPENED a lot sooner than expected. Singapore emerged Malaysia Cup league champion for the second time in three seasons of the current tournament format, with three matches to spare. So it may appear that there is nothing left to fight
      936 words
    • 1017 14  -  MOTORIIG with Hermes CAR ENTHUSIASTS would most probably give the Toyota Cresslda GL a fleeting glance over and walk away to another more exciting make. After a weekend with it, one can quite easily dismiss it as a mundane motorcar. But to relegate it to such lowly
      1,017 words
    • 213 14 THE ANNUAL Sprtogtime la Pari* festival to to towi sgato. A wWwfa s( the Preach flair tor the geed life will be held at the Nakvto aad fflltoa Heteto. Om ef the amla eveato will he L'Esprit de Puto, a spectacular shew sf lttl Preach (aahtoa. The
      213 words
    • 290 14 TODAY GOLF: Juroag: Golfers with handicaps between 0 and 18 will be competing (or the Easter Trophy and the person who manages the most stableford points will win. Keppel: The Green Cup semi-finalists will be fighting for a berth in the finals next Sunday when they play
      290 words
    • 62 14 THERE are at least 400 to 500 car park lots available at Mountbatten Road Car Part D. Yet only half the spaces are taken in the last few Malaysia Cup football matches. Motorists are advised to make use of Car Parte D for tomorrow's
      62 words
    • Article, Illustration
      165 14 rrs THAT TIME •< the yew ipk to bee Ike tile •f the lateat wßwj— Partstaa klgk (uUh, beaebwear aa it la «ftea kam ken m «eiL AW F i Beajaaria Mi Bmm 1b aae eMhMigNt whe will stead Mt keeuie beaidee afferiag the anrat la klgk (mUm,
      165 words
    • 672 14  -  By SALMA KHALIK A SMALL group of people have been working very hard for the past few months. They are all busy people and professionals at the top of their chosen careers. Every one of them is talented and a gifted artiste. Yet, they have found the time
      672 words
  • Page 13 Advertisements
    • 6 13 BUSINESS TIMES GIVES YOU THE EDGE
      6 words
    • 113 13 [BUSINESS TIMES When we say business we mean just that THE ONLY star players in tomorrow's Singapore-Kedah match are our own Young Lions. But don't underestimate Kedah. Remember those instances when relatively weak teams have given Singapore a hard time at Kallang. Singapore must stay unbeaten throughout the tournament like
      113 words
  • Page 13 Miscellaneous
    • 225 13 WHAT WHERE >■ > CONCERTS THE Festival of Choirs 1981 continues tonight with choirs from eight junior colleges, secondary and primary schools performing local popular folk songs and compositions by Lee Kian Long, Yeoh Siew Lian, Tony Davis and Michael Chang. At Victoria Concert Hall, 5 pm. INTERNATIONAL Songs D
      225 words