The Business Times, 13 June 1981

Microfilm: NL11165
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, JUNE 13, 1981 60 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Severe competition
      63 1 AFP JAKARTA, Fri. Indonesia's export products, particularly cement, are facing severe competition in the world market due to lack of demand. Industry Minister Suhud said Indonesia's cement market in Bangladesh had to face strong competition from Taiwan and South Korea which sold below market prices. Indonesian plywood is
      AFP  -  63 words
    • Article
      Lock icon Haig in Hongkong
      88 1 UPI HONGKONG, Fri. US Secretary of State Alexander Haig said today his first official trip to China is to "clear the air" on Sino-American relations, now endangered by US arms sales to Taiwan. Mr Haig, who is on a two-week tour of Asia, paid a courtesy call
      UPI  -  88 words
    • Article
      Lock icon Reviewing incentives
      73 1 AFP PENANG, Fri. The Malaysian Industrial Development Authority (MIDA) is reviewing the incentives for the expansion of existing industries. The MIDA director for the northern region, Mr Mohamed Iqbal Ismail told an investment seminar that he hoped the new set of guidelines on these incentives would be out
      AFP  -  73 words
    • Article
      Lock icon Controllers strike again
      105 1 AP LONDON, Fri. Lines of passengers built up at London's two major airports, Heathrow and Gatwick, and hundreds of flights were cancelled or delayed as air traffic controllers struck again as part of a 14-week-old civil servants' pay dispute. Initial disruption part of a regular pattern of
      AP  -  105 words
    • Article
      Lock icon Petrol shortage
      92 1 UPI WARSAW, Fri. A shortage of petrol spread in Poland today and a newspaper hinted the Soviet Union could cut off supplies as a political weapon. The report said the Soviets intend to withhold the supply of petrol to force Poland to put down the workers' reform movement.
      UPI  -  92 words
    • Article
      Lock icon Begin leads in poll
      84 1 Reuter TEL AVIV, Fri. With Israel's general election less than three weeks away, Prime Minister Menachem Begin surged further ahead in electoral popularity today and established a lead that looked hard to beat. An opinion poll in the Jerusalem Post showed a sharply widening gap between
      Reuter  -  84 words
  • Chief Price Changes
    • Article
      SINGAPORE
      138 1 Rises Indices Spore Land Sel Properties M Breweries U O 1 Shell S P P L OUT A P I FAN Textile Corp Sin Heng Chan 1450 920 670 396 520 476 430 850 715 540 330 40 30 30 28 24 22 22 20 20 20 16 June
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    • Article, Illustration
      KUALA LUMPUR
      158 1 Rises Indices Bedford 2000 100 June 11 June 12 Int Wood 200 50 BT Index: *****3.17 *****2.58 Inch KK 1650 50 Industrials: 1178.26 1182.11 Boustead 980 40 Finance: 1864.23 1877.89 N S T Rahman Hyd N Iron G Ceramics API 990 750 780 810 930 40 30 30
      158 words
  • Article
    Government forms investment arm
    704 1  -  EXTERNAL RESERVES MANAGEMENT By LILLIAN CHEW THE Government's overseas investment flagship, the Government of Singapore Investment Corporation Pte Ltd (GSIC), has been formally set up. Incorporated on May 22 with an authorised capital of 12 million, this new government holding company has been given far ranging
    704 words
  • Article
    Hotel rates likely to rise by 5-20pc
    258 1 MOST hotels are planning another bout of increases in room rates next month. Room rates will most likely go up by between 5 and 20 per cent, with larger increases from hotels currently charging relatively low rates. Most hotels say the increases are
    258 words
  • Article
    UOB acquires HK property company
    550 1  -  By KOH TSE YING, CHRIS LIM THE United Overseas Bank group has agreed to buy a Hongkong property company through its wholly-owned subsidiary, UOB Finance (HK). The bank announced yesterday that it would pay 5585.1 million for all the 10,000 shares in Henry Won Realty
    550 words
  • Article
    Pandering to popular taste
    751 1 THE mass media in Singapore will be of even lower grade if they give in totally to what the people want, said Second Deputy Prime Minister (Foreign Affairs) S. Rajaratnam yesterday. He described as "a lot of humbug" the many complaints that the quality of our
    751 words
  • Article
    Sinfin's public issue 11.5 times over subscribed
    278 1 DESPITE the reportedly mild response, the pabiic fame of 1* million «tares by Sisgapsre Flaw* was oversubscribed by 11.57 times. Altogether, merchant bankers Morgan Grenfeil received 23,844 applications in respect of 86.742 million shares. At the offer price of Mil per share, this
    278 words
  • Article
    Sheares fully deserves respect paid to him
    557 1  -  By MARGARET THOMAS THE late President Benjamin Henry Sheares fully deserved the respect paid to him by the thousands of Singaporeans who filed through the Istana last month. For he had discharged his duties with dignity, with thoroughness, and with consideration for others.
    557 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      14 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah)
      14 words
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      Page 1 Advertisements Column 2
      19 1 Leader...page at *i> Pro S 50OHS %f>OQ% Th* OoM Spicltfitt PAN-WEST CPTEILTO. PLAZA SINGAPURA UIC BUILDING < A* PENINSULA PLAZA
      19 words
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      Page 1 Advertisements Column 3
      71 1 11 r LEISURE TIMES JAPANESE car makers want PREVIEW of "Ceylon Yesterbigger quotas 2 day, Sri Lanka Today" VENEZUELA cuts oil export BOISTEADCO looks to Arm prices 3 growth. 11 FRENCH software hoases set MERGERS should not be viewup joint ventures 5 ed with suspicion 12 TV AND RADIO CROSSWORDS
      71 words
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      Page 1 Advertisements Column 4
      47 1 AGOODBOOK RECENTLY? Times Bookshops THE WORLD... /MUNSINGNNMR crand sloms U.S.A. THE SYMBOL OF QUALITY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. MUNSINGNNE4R Today's best-seller In active sportswear Sole Agent EXCELSIOR (PTE) LTD. 66 High Street. Singapore 0617
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  • REGIONAL
    • Article
      Lock icon Japanese car makers want bigger quotas
      774 2 NEGOTIATIONS IN PROGRESS NYT JAPANESE car makers, facing restrictions on exports to the US, are locked in tough negotiations with their government over just how many cars are to be shipped during the next few years. The results of these talks could have a
      NYT  -  774 words
    • Article
      Lock icon SECURITY TALKS CONTINUE IN HONOLULU
      172 2 AP AMERICAN and Japanese diplomatic and military leaders continued closeddoor talks on mutual security matters in Honolulu on Thursday. The sessions, off the record and closed to the news media, were expected to be concluded yesterday, according to Major Andrew Coffey, a public affairs officer
      AP  -  172 words
    • Article
      Lock icon Tokyo orders nuclear plant to shut down
      329 2 AP THE Japan Atomic Power Company yesterday accepted a government order to shut down operations at its Tsuruga nuclear power plant for six months as punishment for failure to report a series of radioactive spills. An official of the Agency of Natural Resources
      AP  -  329 words
    • Article
      Lock icon Survival in world of trade protectionism
      181 2 AFP JAPAN must build up its investment in other advanced nations and increase its industrial and technological cooperation with them to counter mounting trade protectionism around the world, a Japanese government white paper said. The 1981 white paper on international trade, published by the
      AFP  -  181 words
    • Article
      Lock icon Beijing is interested in western promotion techniques
      267 2 AFP CHINA Is now interested In using International public relations and communications techniques in promoting their prodncta. A delegation from the American Chamber of Commerce (Amcham) in Hongkong who returned from China said this yesterday. The public relations delegation from the Amcham visited
      AFP  -  267 words
    • Article, Illustration
      Lock icon Marcos warns nation of terrorist threat
      444 2 AFP Reuter MILITARY red alert signals were hoisted in Manila yesterday and President Marcos warned of a terrorist threat to the Republic during Independence Day rites, barely (our days before the first Presidential election in 12 years. The Philippines' Independence Day this year marked
      AFP; Reuter; UPI Photo  -  444 words
    • Article
      Lock icon Thai guerillas offer to hold ceasefire talks
      223 2 Reuter THE OUTLAWED Communist Party of Thailand (CPT) has apparently offered to negotiate for a ceasefire, Prime Minister Prem Tinsulanonda said in Bangkok yesterday. General Prem, as the director of the Internal Security Operations Command (ISOC), said that CPT central committee member Damri
      Reuter  -  223 words
    • THE REGION IN BRIEF
      • Article
        Lock icon REAGAN PRAISED
        432 2 Agencies NEW Zealand Prime Minister Robert Muldoon has said President Reagan had the courage to lead the US back from the "precipice" towards which liberalism had been directing it since the *****. He told the Australian Chamber of Commerce in Hobart: At this early stage of the presidency
        Agencies  -  432 words
    • Article, Illustration
      SHIPS IN PORT
      468 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Antiopi I (0600 after Trieste) 42/43 Kota Pahlawan (0700) 8 9 King Bird (0600 after Cherry Bagus) 26 Kim Soon Li (0700 must vacate 0600 14th) 21 East Marie Bakke (1500 6/7 Nedlioyd Auckland (0600) 3/4 Nedlioyd Madison (0600 after Dugi Otok)
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    • Article
      Lock icon Canberra likely to enforce sea laws by year-end
      426 2 AFP LAWS TO protect Australia's sea and coastal environment from marine oil pollution are expected to come into force towards the end of this year. The Minister for Transport, Mr Ralph Hunt, announced this week that legislation introduced in Parliament last March
      AFP  -  426 words
    • Article
      Lock icon Americans to make shirts in India
      177 2 AFP NEARLY a dozen American retailers and manufacturers are expected to set up units in India in collaboration with Indian parties for production of gents' shirts under buy-back arrangements. The Indian government has decided to approve these anticipated collaborations, the Economic Times newspaper in
      AFP  -  177 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      266 2 ATLAS 2 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 a comprehensive
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  • OVERSEAS
    • Article
      Lock icon US to stabilise coal exports
      377 3 AP THE UNITED States, some times dubbed the Saudi Arabia of coal, is Likely to commit itself to providing stable and adequate supplies of coal to foreign customers. A source from the Reagan Administration said the administration's coal export policy statement, which is receiving finishing
      AP  -  377 words
    • Article
      Lock icon Civil staff suspended
      130 3 Reuter THE BRITISH government suspended 1,000 of its civil servants without pay yesterday in an increasingly acrimonious wage dispute. They were suspended, effective yesterday, for refusing to handle unemployment and child benefit welfare payments at a time of record joblessness in Britain, a government spokesman said. Unions
      Reuter  -  130 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      781 3 ARRIVALS Service Local Operator Number Time From FT FT71 0700 JFK ORD ANC NRT TPE SLA SQ101 0815 KUL MAS MH811 0815 PEN i MAS MH603 0830 KUL i MAS MH671 1000 PEN KUL i SIA SQ201 1000 HLP CAL CI814 1005 HLP i CPA CX710 1005
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    • Article, Illustration
      Lock icon Sinai talks continue despite reactor raid
      617 3 AFP UPI Reuter THE HEADS of the American, Egyptian and Israeli delegations meeting in Jerusalem to negotiate a multinational force in the Sinai indicated on Thursday that their discussions would not be affected by last Sunday's Israeli air raid on an Iraqi nuclear reactor
      AFP; UPI; Reuter; UPI Photo  -  617 words
    • Article
      Lock icon HANDLOWY BANK FAILS TO REPAY BNP LOAN OF US$30m
      206 3 AFP POLAND has failed to repay a loan of US$3O million arranged in 1976 by the Banque Nationale De Paris (BNP) and due for settlement on Thursday, banking sources in London said. But the London headquarters of the BNP refused to
      AFP  -  206 words
    • Article
      Lock icon Soviets publish letter sent to Polish leaders
      563 3 Reuter THE SOVIET Union underlined its growing anger and impatience with Poland's Communist leaders yesterday by publishing a long warning letter it sent to Warsaw urging an end to reforms. But official Soviet media made no reference to an accusation by the United
      Reuter  -  563 words
    • Article
      Lock icon Benn hospitalised for nervous disease
      310 3 AFP THE LEFT-right struggle inside the opposition Labour Party took a dramatic new turn on Thursday when it was revealed that Mr Tony Benn, leader of the left wing, would be absent from the political scene for at least several weeks because of illness. Mr
      AFP  -  310 words
    • Article
      Lock icon Now Venezuela cuts export prices of its oil
      641 3 Reuter AFP ANOTHER oil producer, Venezuela, has had to cut export prices while a senior oil minister in the Gulf said on Thursday the present price tumble is likely to go on unless Opec takes urgent steps to deal with a world
      Reuter; AFP  -  641 words
    • Article
      Lock icon Khomeiny appoints Fallahi as military chief
      247 3 Reuter IRAN'S revolutionary leader Ayatollah Khomeiny has appointed a professional soldier in place of President Abolhassan Bani-Sadr as commander-in-chief of the Iranian armed forces. He is General Valliolah Fallahi, deputy chief of staff, who was given the temporary assignment on Thursday and ordered to
      Reuter  -  247 words
    • WORLD IN BRIEF
      • Article
        Lock icon SECRET FUND
        399 3 Agencies A WHITE House official has confirmed that President Reagan has access to a secret military fund, reportedly used for years to finance Presidential perquisites, but he vowed that the Chief Executive will not misuse it. "My assurance is that there will be no abuse of the fund
        Agencies  -  399 words
    • Article
      Lock icon Unconstitutional for Carter to suspend claims
      357 3 UPI A federal judge ruled on Thursday that former US President Carter acted unconstitutionally when he suspended billions of dollars in damage claims against Iran in order to win the release of the American hostages. US district judge Kevin Duffy denied a government motion
      UPI  -  357 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      86 3 Leader page Fiji HOTEL RESORT i Sale by tender THE REEF HOTEL RESORT COMPLEX A fee simple offer cf the well known Reef Hotel Resort situated on the popular Coral Coast, a mecca for tourists The location is magnificent right at the water's edge commanding superb views Rewarding cash flew.
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      Page 3 Advertisements Column 2
      248 3 A major international bank, which is in the process of upgrading its offshore money market operation in Singapore, invites suitable candidates for the following positions: DEALER FX/ ACU RESPONSIBILITIES The selected candidate will assist the Chief Dealer in all dealing operations and act in his stead when required. QUALIFICATIONS A
      248 words
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  • RAW MATERIALS
    • Article
      Rubber prices continue to fall
      251 4 RUBBER prices have continued to decline, apart from a brief attempt at recovery mid-week, to lose six cents overall in quiet conditions, says Holiday, Cutler, Bath and Company in its latest review of the Singapore and Malaysian rubber markets. Continued pressure on June One RSS,
      251 words
    • Article
      SOYBEAN
      172 4 SOYBEAN futures in Chicago on Thursday closed at or near day's lows in a 12 cent range, off 13'/« cents per bushel in July to two lower in distant July. A strong US dollar and slack European demand kept old crop under pressure from the start, traders said. Expectations
      172 words
    • Article
      WHEAT
      130 4 WHEAT futures in Chicago on Thursday closed on or near the lows of a six cent range, down B'/i to five cents per bushel. Despite persistant rumours of USSR demand for US wheat, Thursday s bearishly interpreted USDA winter wheat report kept prices on the defensive, traders said. A
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    • Article
      RUBBER
      239 4 RUBBER prices in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 248.00 cents per kilo, up one cent from Thursday's close, dealers said. Morning prices were marked up slightly on some speculative buying in active trading, they said. Afternoon prices firmed slightly and gained further
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    • Article
      RAS PRICES
      327 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 239.0B 240.00N Int 1 R.S.S. July 248 00 248.50 Int. 1 R.S.S. August 254 00 Int 2 R S.S. 228.00 227 00N UK Cont 225 00 26 OON int 3 R.S.S.
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    • Article
      SSR and SMR
      126 4 NOON SSR u id SMR prices yesterday RA8 July Aaptt (Curreat Mlh) Buyera Sellen (Forward Mth) Buyera Sellers SSR 20 ll-tc pallet) 216.50 217 50N 218.50 220 50 N SSR 50 (1 to in palled 214.50 215 50N 216.50 218.50N MRELB SMR CV (lb in pallet) *****
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    • MONEY AND EXCHANGE$
      • Article
        PLR
        22 4 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.97 per cent.
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      • Article
        ASIAN $
        182 4 ASIAN ASIAN currency deposit interbank rates as at close on June 12. US OoUan(Spot) Offer Bid 7 days 189/16 187/16 1 month 18'> 18*. 2 months 18 1/16 1715/16 3 months 17 13/16 17 11/16 0 months 17 16 9 months 16 5/16 16 3/16 12 months 16'• 16'. 8wJr».
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      • Article
        Discount
        51 4 RANGE of prices offered by discount houses on June 12: Overnight: S 1 j# Call deposits: 5W to 6' M Cloaiaf Baying Selling 3-month Treasury bills 6 7/16 6 5/16 3-month Bank bills 139/16 137/16 3 months CD 12 s 12* 6 months CD 11"» 11 Source: National Discount
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      • Article
        London
        63 4 THE dollar yesterday eased slightly from Far Eastern levels as european operators sold the unit in early trading, but the market remains quiet and featureless, dealers said. Opening quotes yesterday US 1.9510/20 Can 2.3510 30 Cross 1.2041/44 D Mk 4.6890 6930 D F1 5.2100 60 S Fr 4 .1165
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      • Article
        Singapore market
        428 4 THE US dollar was firm against major currencies except the Singapore dollar yesterday. Dealers felt that the Singapore dollar was strong mainly because "of the high interest rates and an inflow of funds. The US dollar opened at 2.1590/10 and closed much lower at 2.1565/ 75. Utertaak f»rw*N
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      • Article
        TOKYO
        140 4 THE US dollar for overnight delivery yesterday closed firmer at 225.60 yen, compared with a 224.70 opening here, a 224.65/80 closing in New York and 224.70/85 on the West Coast on Thursday, dealers said. This was also firmer than the 225.25 closing here on Thursday. Trading was active with
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      • Article
        GOLD
        179 4 SINGAPORE gold futures yesterday closed generally firmer in thin trading influenced by the rise in Hongkong, dealers said. Total sales for the day was recorded at 60 lots while kerb volume at 39 lots with activity centred on August and October contracts, they said. Prompt closed higher at US$467/469
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      • Article
        Silver quotes
        40 4 Th«rs Wt4 New York 10.33B 10 18B 10S3S 10.38S Zurich 10 25B 1010B 1045S 10 30S Frt Than Singapore 10 32B 10 20B 10 52S 10.40S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore.
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      • Article
        Treasury bill tender
        51 4 RESULTS of tender held yesterday (or 91-day Treasury bills to be issued from June 15 to June 19: Offered: $110,000,000 Applied for: $302,880,000. Allotted: $110,000,000. Accepted Mds: $98.39 approximately 84 per cent and higher bids in full. Avenge rate of discount on allotment: 6.425 per cent per
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      • Article
        HONGKONG
        41 4 Banknote rates yesterday US 5.53 5.55 UK 10.70 10.90 Burma 1.20/1.50 India 5.00/5.50 Indonesia —0.78/0.88 Japan 2.455/2.465 Korea 0.75 0 85 Philippines 6.665 0.685 Singapore 2.55 2.57 Malaysia 2.33 2.35 Brunei 2 50/2.52 Thailand 25 40 25.90 Taiwan 13.70 13.90
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    • Article
      Straits Tin
      85 4 THE STRAITS tin price in Penang yesterday fell eight cents to M 529.47 a kilo, still within the ITA lower range of $27.28 to $31.11, dealers said. Sterling's weakness against the Malaysian dollar and renewed higher disposals of metal contributed to the fall while steadier overnight London advices
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    • Article
      CLOSING PRICES
      34 4 Rubber: June 12 Singapore: July: 248.00 cents (up 1.00 cent) Malaysia: July: 269.50 cents (up 1.00 cent) Tin: M $29.47 per kilo (down 8 cents) Official offering: 204 tonnes (up 40 tonnes)
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    • Article
      Lock icon Shipments of wheat to China
      110 4 Reuter WHEAT shipments to China in the 1980/81 season, which ended on May 31, totaled 8,702,800 tonnes, sharply above the 1,643,600 tonnes in the 1979/80 season, according to the US Agriculture Department's latest export sales report. Total commitments for delivery in the 1981/82 season amount
      Reuter  -  110 words
    • Article
      Produce exchange
      180 4 CHINESE Prodnee Exchange, Singapore, noon dosing prices per lit kg yesterday. (©conat oil: Bulk fob $115.00 sellers, old drum (in second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Capr»: Mixed (loose) $67 00 buyers. Pepper: Muntok white pepper fob Asu NLW $412.50 sellers, Sarawak white
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    • Article
      TEXTILES
      139 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cotton yara: China Blue Phoenix 20s 2,325 32s 2,855. 40s 3.040 (per bale of 400 lbs). Pakistan raw cottoo: LSS 5.96, 4F 5.92; 289F 5.97; NT roller ginned 5.94 (per lb). CLOTH in
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    • Article
      RICE
      330 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.34, 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
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    • Article
      NEW YORK MARKET
      861 4 THE NEW YORK stock market on Thursday poshed broadly higher at the close, amid further evidence that the economy Is slowing. IT» Dow Jones Industrial average gained more than IS paints to close above I,IM, its strongest finish in six weeks. Advances outpaced declines by more than
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    • Article
      LONDON MARKETS
      795 4 COFFEE: Robusta futures i yesterday ended the midday call £19 to £21 a tonne high- I er with prices steadied by short covering at the lower < levels. Futures advanced earier in the morning boosted by 1 commission house buying but then ran into trade selling. However, prices
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    • Article
      PALM OIL
      146 4 THE Kuala Lumpur market yesterday closed: quietly lower on lack of buying interest, dealers said. «C In June, south dropped M 542.50 to $1,140 atonne and in July the central region eased 40 $1,115. In August, south was traded at $1,032.50. The refined market turned quiet on reports
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  • ASIAN STOCKS
    • Article
      Bangkok
      109 4 STOCK prices yesterday closed slightly higher in weak trading, dealers said. Thana Siam and Thai. Industrial Gases rose two baht each to 88.50 and 86 respectively and Siam Credit up one to 70 and Rama Tower gained 1.50 to 69. JUNE 12 Ad* PI far* Bahts ISO unch iiVlii
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    • Article
      Selected indices
      54 4 FINANCIAL INDUSTRIALS Thursday 536.2 Wednesday 54Z5 Week Ago 556.6 DOW JONES AVERAGE INDUSTRIALS Thursday 1 227"2S» Wednesday 091.75 Week Ago 986 74, H.K.HANG SENG Friday 1780.55 Thursday 1754.53 Week Ago 1715-81" AUSTRALIAN INDUSTRIALS Friday 745 5 Thursday 746 0 Week Ago 753.7 ALL ORDINARIES Friday 706 11 Thursday
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    • Article
      Shares rise sharply in active trading
      525 4 TOKYO SHARE prices yesterday rose sharply with buying interest stimulated by the overnight rally on Wall Street, the yen's continued appreciation against the dollar and increased foreign purchases, dealers said. The market average gained 65.56 to close at 7,634.86 in fairly active trading with
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    • Article
      Hongkong
      252 4 THE bid by Hutchinson for the minorities of four of its subsidiaies sparked the index to a record high of 1780, up 26 points on the day. Turnover was an extremely hectic $982 million. Blue chips in general were strong, but there were some spectacular movements among the second
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    • Article
      Sydney
      332 4 CANNING Basin oil stocks rose but the rest of the market continued to lack direction as telecom bans hampered communications, dealers said. Woodside, with about half the Vamgas capital, added two cents to $2.15. Elsewhere, BHP lost 5 cents to $15.00, CSR two cents to $6.30, CRA firmed six
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Joint display by UK companies
      598 5 THE IMAC and CONPEX-ASIA '81 exhibitions, which will be held on June 16 to 20 at the World Trade Centre, have attracted more than 260 exhibitors from 28 countries. Thirteen British companies will jointly participate in the exhibitions. The joint display is organised by the
      598 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      197 5 THE chairman and chief executive officer of FederalMogul Corporation, Mr Tlmou» F Russell, will be Xjsiting Singapore from June 14 to 16. He will be accompanied by Mr Ralph A Brace, president of Federal-Mogul's international distribution division. The purpose of their visit is to review the South-east
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    • Article
      Managing projects
      163 5 A SEMINAR on the management of construction projects will be held in August. The three-day South-east Asian construction seminar will be presented by the Arthur Andersen Societe Cooperative. Based upon the performance-orientedap-proach, the seminar has been presented by Arthur Andersen 15 times in the world. It is intended
      163 words
    • Article
      Rhenus
      56 5 THE third largest air transport company in Germany, Rhenus-WTAG, has chosen Singapore as its distribution point for Asean countries. A subsidiary of RhenusWTAG, it began operations on June 1 together with a local shareholder, Mr Ricky Foo. Rhenus Transport (Singapore), has an initial investment of $200,000 with Mr Foo
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    • Article
      MEMO PAD
      743 5 SEMINARS AND COURSES June 6 and 20: Motivational Selling Seminar, SIM Conference Room, Singapore Institute of Management June 10-17: Top Management Development Programme '81, Hyatt Regency Hotel, National Productivity Board June 12-July 6: CDP Module 5 (Computer Management), NPB Cuppage Centre, NPB June 15-17: Managing A Sales Force,
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    • Article
      Market for heavy equipment
      563 5 MALAYSIA emerged last year as the largest market for heavy equipment in Asean with a total sales volume of US$B22 million. The market for heavy equipment, used mainly in construction, mining and logging, is expected to have grown 55.7 per cent by 1984. The huge increase
      563 words
    • Article
      MNCs turning to temporary staff
      286 5  -  SIOW LI SEN MULTI-NATIONAL companies are increasingly turning to temporary staff to ease staff shortages during periods of expansion. Since it is also the policy of some multi-nationals to seek permission from their head offices before employing permanent staff, they rely on temporary personnel agencies
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    • Article
      Software houses confident
      408 5  -  By WONG AI KWEI TWO French software houses will break into the local market through joint ventures with local partners. The two French companies, which were represented at the first seminar on French informatics held here early this week, are Societe Generale de Service et de Gestion
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    • Article, Illustration
      TRADE TALK
      234 5 THE Diamond Importers Association of Singapore will conduct a jewellery salesmanship course beginning on June 27. The 20-week course is organised jointly with the Department of Extramural Studies. National University of Singapore. It will be held every Saturday at Waterloo Street Centre from Io.3Qam to 12.30pm. According to
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      402 5 Abrams ART BOOKS Asdectionof 3 great works THE LANGUAGE OF GRAPHICS This dazzling collection brings together an extraordinary display of graphic design, from its early beginnings to the present day. Lively text by Daniele Baroni deal with every aspect of our image-centered culture. Design is the prime ingredient in the
      402 words
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  • Article
    Thatcher must stand firm
    362 6 THE STRIKE is a powerful weapon. It is a working force's ultimate expression of dissatisfaction with its management, whether this be within one small factory or throughout an entire nation. Used forcefully by people who have reached their limit of bad management and suffering, it is
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  • Article
    Selling point being slowly eroded
    322 6 HOTELS IN Singapore have never had it so good. They are enjoying occupancy rates that are the envy of hoteliers round the world. Their in-house restaurants have a steady clientele, for eating is after all the favourite past-time of many Singaporeans. Coffee houses do brisk
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  • Article
    URA tenders
    212 6  -  r Letter to the Editor i 4 SOH HIAP-CHIN Dear Sir I refer to yew editorial of Jue and Mr Kens* Tange's recent remarks. I was personally highly Impressed by the many snhmlssisns to the recent URA tender. Ns sne doubted the time and the efferts si all
    212 words
  • Article, Illustration
    THE SRI LANKAN EXPERIENCE
    913 6  -  TSANG SAU YIN gives a preview of the documentary Ceylon Yesterday, Sri Lanka Today. It portrays the golden age of Sri Lanka from the arrival of King Vijaya to the achievement of independence in 1948. TSANG SAU YIN THERE is a thin red line between propaganda
    913 words
  • Article, Illustration
    Lock icon Australians lift curtain on diamond strike
    879 6  -  The huge Australian field at the Kimberleys is expected to bring in as much as As3oo million a year initially, at current diamond prices. Tests have shown that the pipe contains an average five carats per ton, compared with average grades of 0.5 carats
    AP  -  879 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      557 6 TWO-M-OIE CROSSWORD CRYPTIC PUZZLE ACROSS I Unearthed vegetables (5) 6 The snag about fishing? (5) 9 Arch is no fair-weather friend, we hear! (7) 10 Gold trimming for a bird (5) II Hard runner? (5) 12 Unduly concerned with taking us in (5) 13 Bird-man's shell-fish? (7) 15 Short women's
      557 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      844 6 The other side of Lindsay TODAY'S TV vlewlag Pad Aak* slags "Salster tara aa at l«.lt pm sa the premises a gaad mix af pw- People". mow chaaael to see hew gramme*. Aa Meal alter- Btmmm (ehtuel 1,1.*) H.t Llp> geU herself eat «f dinner programme Is Uad- retara to
      844 words
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  • Article, Illustration
    Memorable art pieces
    1176 7  -  .HOTEL INDUSTRY Designing a hotel is a far cry from designing business offices, banks, schools and hospitals. A mood, a feeling has to be conveyed, apart from continuity of overall design, says RAY ANG. Tourists at the ultra-modern Jakarta Hilton can sip refreshments in the comfortable Kudus
    1,176 words
  • Article, Illustration
    Lock icon Multibillion-dollar record industry comes of age
    956 7  -  By THOMAS FRIEDMAN NYT IN the summer of 1963, Elvis Presley stepped into a studio and recorded his first song, a ballad that helped propel the US retail record industry into a multi-billion-dollar business. That now describes it perfectly as it enters middle age.
    NYT  -  956 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      212 7 The first major oictorial record F> I 0. 7 w. ft I i S^V t Pi ■r» -I* i m S 'Vr r «< L* HVv* •/'J jL' j v. V^' wwn «rt *5* A, •".Vs»'l W MP w; as to Mecca The Haji, the great Muslim pilgrimage to Mecca,
      212 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        260 8 JUNE It Fr* CORBEILLE Alr-Llqulde 380 -10 B 8 N Oervali Danone CSF (ThomjonCaf) tm 202.80 43 -7.1 Clc JTancalae de* Petroles 128.30 -3.4 Compacnle fUunctcrc Compa<nle Oenerale Cndtt roncter De France 283 297xd -7 -345 Hachette (Ubralrt•).. Machine* Bull MlcheUn (B) Parlbai Pechlnej Cl«tne Kunlminn Z 37 50
        260 words
      • Article
        Amsterdam
        177 8 JUNE 11 ABN Ahold Akao AMEV Amlu Amrobnk ris JB4.00 TO JO 18.00 n 10 100 so 93.00 4 1.1 03 0.4 13 13 Bg, Bote BoriumU Burhmann 36.00 4430 90.90 17X00 56-30 unch -o.» ♦0.1 2 1 ralarwl Calve Delft Dell Ml) Ennla Fokker Ford OtmDU Otetbroc Oobain
        177 words
      • Article
        Brussels
        93 8 JUNE 11 Fn FORWARD MARKET Acec 2tn unch Arbcd 1182 -4 12 Ajtur 280 B rue an 1140 Bru-Lamb 1084 -0 Canpac 1560 15 Cock 158 -3 De Been Ebc* 286 -2 1220 unch Electrobel 2860 WIS unch Ob-Inno-Bm 15 Ocv 1200 unch Hobok 2100 -5 Pctro 3790 -50
        93 words
      • Article
        Frankfurt
        212 8 JUNE 11 Dm Aef-Telefunken SO JO +0 1 Akao 23 00B AUx LeDen AUx Vert BASF 1010 00 47X00 136 SOB eft IS Bay H T Wbank Bay Vb&nk ***** 27# SOB OS Bayer BBC BMW 137 00 ***** 180 SO 28 Cum 11a Chem Verw Commerxbank Conu Oumml
        212 words
      • Article
        Zurich
        187 8 JUNE U Francs Actions Suisse* Alusutsse Br. Alusutsse K<-| Brown Bo*cfi Br. Clba Oel(y Br. Clba Oel«y P C Clba Ocl«7 Ret Credit SuUar Br Credit Suinr Ref Elektrowstt Br Oeorf* rucher Br Globus Pc Ml 1015 as 1325 1336 935 530 2110 403 3400 666 337 1 IS
        187 words
      • Article
        Milan
        104 8 JUNE 11 Lire Af%W 736 unch Assoc Oen *****0 -47S0 Butofl 400 -25 Central* 9180 -318 Flat 2320 -20 F insider 12 •3 Oen I mm ob 2475 -106 iri Prl TOO 131 Italcementl ***** -3400 Itaifss 1170 120 Italstder 300 unch Mafneti M Pf 1007 -93 Mtrelll Ere
        104 words
      • Article
        TORONTO
        205 8 JUNE 11 C AbiUM 28": unch Alcan 40 Alfoma 47W Bank Mont 28♦ >■» Bank Nov* Scotia Bell Tel 28-. 1S« -H Beth Corp BP Can Ltd 45% Braacan 35- W Camp Red [ait Can Imp Bk 20 unch 2»-« W Can par 47* H Can par In* Pf
        205 words
      • Article
        JOHANNESBURG
        293 8 JUNE 11 Rand INDUSTRIALS A Alpha 406 unch Abercom 410 unch AE And CI 800 -5 AlilC ***** Rarlnwt 1006 10 Ck Sunr I860 -30 PMA 060 unch Currte Finance 220 unch De Beers Ind Ed con Edgars 8060B Eve ready Fed Volk 510 5 Furfl U 300 Otrdlan
        293 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      616 8 "The American Express Card serves you well, wherever good food is served". The Great Family Do-lt-MxirseJf Barbecue I i m •a y H V -1 m li#J bV^ r Saturday rwhc tside at «he Oberoi RooteMe at (he Oberoi lust choose what you want and barbecue it Meat, seafood salads,
      616 words
    • Advertisement
      Page 8 Advertisements Column 2
      245 8 Itfcasgood as going to Bangkok. This i* Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table it was An enormous variety ot succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant tocMpnjnmi Oxley Rise/Penang Road.
      245 words
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  • BANKING AND FINANCE
    • Article
      Lock icon HIGH RATES OPPOSED
      264 9 Reuter EUROPE must take a firm position against high US interest rates and co-ordi-nate its own interest rate policies along the line of the European Monetary System (EMS) for exchange rates. FRENCH Finance Minister Jacques Delors said: "The European Community must speak with a firm and united
      Reuter  -  264 words
    • Article
      Lock icon REBATE ON FEES
      76 9 Reuter THE BOARD of the Euro Clearance System Ltd has declared a USs6W,to# rebate on transaction fees to participants «I Euro Clear, the clearing system fnr Interna» ttonally traded securities. The rebate amounts to •ronnd X per cent of the transaction fees paid by the participants In
      Reuter  -  76 words
    • Article
      Lock icon SHORTER
      54 9 Reuter THE BANK ef England has told UK bulks it is content to see the minimum erigiiial term to matority on sterling certificates of deposit redaced to 28 days from three months. The term fer sterling CDs is still Ave years. The change is intended to increase the flexibility
      Reuter  -  54 words
    • Article
      Lock icon Aussie payments surplus falls
      243 9 Reuter AUSTRALIA'S balance of payment surplus, as measured by net official monetary movements, narrowed to Asl94 million in May from $552 million in April, preliminary Statistics Bureau figures show. The surplus compares with a $264 million surplus in May 1980. Net apparent capital inflow was $566
      Reuter  -  243 words
    • Article
      Lock icon Japanese propose increased yields
      133 9 Reuter JAPANESE underwriters have proposed to raise the yields on this month's corporate bonds by 0.084 percentage points to 8.147 per cent by lowering issue prices to 98.50 per cent from 99 per cent and keeping coupon rates unchanged at 7.9 per cent. The Underwriters Association
      Reuter  -  133 words
    • Article
      Lock icon BROKER RATES
      52 9 Reuter CHASE Manhattan and Manufacturers Hanover Trust have lowered their broker loan rates to 20 per cent from 21 per cent. The First National Bank of Chicago and Continental Illinois National Bank and Trust Co also lowered their broker loan rate to 19 per cent from 20' l
      Reuter  -  52 words
    • Article
      Lock icon BONDS AND LOANS
      230 9 Agencies THE MALAYSIAN g»ver»nwat is raising MSI 5 billion with the issue of three tranches <rf loan stock. It will issue 1100 million 6.5 per cent three-year stock and $1.3 billion of 8.5 per cent 20-year stock. Subscriptions open on June 15 and will close on full
      Agencies  -  230 words
    • Article
      Lock icon Bigger role for bank in corporate advice
      167 9 AFP THE ABAB-Malajwla Development Baak ku already exceeded the Baak Negara sttpalattoa that merchaat beaks derive at leact SI per eeat «I their laceme tram fee baaed activities. The baak will play a bigger rale la prevtdlag eerperate aad Oaaadal advice becaaae merchaat
      AFP  -  167 words
    • Article
      Lock icon High rates hit US thrift associations
      668 9 NYT AMERICA'S savings and loan associations and other thrift institutions are facing a serious threat to their survival. Unless interest rates come down sharply and stay down in the coming year, hundreds of thrift institutions will either have to be rescued by the Federal
      NYT  -  668 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      726 9 ml BALANCE SHEET as at 31 st December 1980 PROFIT AND LOSS ACCOUNT for the year ended 31st December 1980 FIXED ASSETS INVESTMENTS CURRENT ASSETS Hire purchase and leasing debtors Secured loans and advances Less: Provision for doubtful debts Statutory deposit with the Monetary Authority of Singapore Other debtors and
      726 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2153 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 Acuta (4.388
    2,153 words
  • Article
    Unit trusts
    186 10 SINGAPORE UNIT TRUST DIAMOND MOT STORE (Maaagers' price* tor Ju u> (Maaagers' prices far Ju 13 11) The Commerce 388 4 06xd Diamond S pore Fd USJ1 UO The Savings Fund 2 23 2.34 SS2.160 S'pore Prog Fund S pore Sec Fund 1.71 2.61 180 2.74 INCOME BOND
    186 words
  • Article
    SHARE INFORMATION SERVICE
    2829 10 Gr'« Gr'i Net 1981 Last Div Div Y'ld P/E Vol Day High Low Company Sale +or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 450 334 312 420 200 470 950 665W 430 320 Acma Alrom 130 Allied Choc 161 BAT 330 Bata 110 Ben 380 Berjaya
    2,829 words
  • Article
    In Kuala Lumpur
    2018 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. (NIHHTBJALB AJcmd (1) 3.82 (7) 3.78 (3) 3 80 zd A Ckw
    2,018 words
  • Article
    COMPANY BRIEFS
    37 10 THE KSLE has queried Associated Plastics Industries Bbd on whether it is aware of any reason for the recent substantial increase in its share price and whether there are any matters of importance pending announcement.
    37 words
  • Article, Illustration
    Bulls take a breather at SES
    752 10 WHILE the bails were taking a break after tbe past two days' assault, the bears sneaked In, causing prices to close on a mixed note at the stock exchange yesterday. Soaring prices in the past few days had tempted many pnnters to take profits.
    752 words
  • Article
    Kuala Lumpur closes mixed
    578 10 WITH A lack of strong followthrough, the market could not sustain a steadier start and share prices subsequently closed mixed at the Kuala Lumpur Stock Exchange yesterday. Trading was less active with market operators dealing on a more cautious note. However, a pick-up in the pace
    578 words
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  • COMPANY NEWS
    • Article, Illustration
      Bousteadco looks to firm growth
      1524 11  -  By CHRIS LIM BOUSTEADCO Singapore Ltd, which has just turned in a satisfactory profit growth of 8.7 per cent to $9.06 million pre-tax, is "reasonably confident" that earnings will continue to grow this year. Its chairman, Mr Alan Charton, said in the latest annual report
      1,524 words
    • Article
      Appeal by TDM
      418 11 TDM Berhad disclosed yesterday that it has appealed against the Malaysian Foreign Investment Committee's rejection of its controversial sub-lease of Chenderong Estate to Yardstick Holdings for $6.6 million. It had earlier said that a second appeal was not necessary, since the Trengganu State Economic Development Corporation, owners
      418 words
    • Article
      Turnaround made by Interwood
      338 11 AFTER a loss-making first half, International Wood Products Ltd (Interwood) has managed to turn the ship around to show a small pre-tax profit of $283,202 for the year ended February 1961. This recovery was predicted during the interim when Interwood chairman Mr Lim Yong Wah, in
      338 words
    • Article
      COMPANY MEETINGS
      626 11 HONG Knng Land Company: AGM to be held at the Connaught Rooms of the Mandarin Hotel, Hongkong, on June 15 at noon. HONG Leung Finance Limited: AGM to be held at the Board Room of Hong Leong Company (Pte) Limited, 24th Floor, Hong Leong Building, 16th Raffles Quay,
      626 words
    • Article
      Malaysian Containers lower
      316 11 MALAYSIAN Containers (1974) Berhad's pre-tax profits (after providing for minority interests) have fallen 8 per cent to MJ7.46 million for the year ended March 31,1981. At the mid-term, group pre-tax profits of $3.62 million were already 12 per cent lower compared with the previous corresponding half. The
      316 words
    • Article
      PUBLIC TEXTILES TAKES A FALL
      373 11 SLACK demand and rising labour, raw material and energy costs have pulled earnings drastically lower at Public Textiles. Thus, said chairman Datuk Teh Hong Piow in its latest annual report, the company was only able to report a pre-tax profit of 1247,709 for the year
      373 words
    • Article
      COMPANY BRIEFS
      347 11 THE KLSE has queried General Lamber (Holdings) Bhd on its acquisition of Sawit Oil Industries Sdn Bhd, its one-for-five rights at $1.20 per share, one-for-five bonus issue and its special issue to bumiputras. It wants to know the names of the shareholders and directors of Sawit Oil and
      347 words
    • Article
      Dah Yung Steel has surplus
      472 11 A REVALUATION of Dah Yung Steel Co (S) Ltd's leasehold land, buildings and air separation plant has thrown up a surplus of $5.74 million. This surplus has been credited to the capital reserve in the balance sheet and has raised shareholders' funds to $17.13 million
      472 words
    • In Hongkong...
      • Article
        Lock icon Untitled
        155 11 Reuter THE Hongkong Securities Commission's committee on takeover and mergers has completed the final draft of its new takeover code, retaining the trigger point of 35 per cent at which a company buying another's shares would be obliged to make a general offer to other shareholders, a commission spokesman said.
        Reuter  -  155 words
      • Article
        SMART Shirts Ltd
        48 11 has re- ported consolidated net profit of HK540.57 million ($46.42 million) for the year ended March 31. The company is proposing a final dividend of $1 ($1.40) making total of $1.70 ($2.10 plus special cash bonus of $1). Books close from Sep 2 to 16.
        48 words
      • Article
        HONGKONG and Shanghai Banking corp's
        54 11 partly-paid rights shares started trading on Wednesday and were quoted at HK$ll.2O 40 per share around the opening, dealers said. Each partly-paid rights share was priced at $12, and was payable as to 50 per cent on acceptance with the remaining 50 per cent due
        54 words
      • Article
        TAK Wing Investments (Holdings) Ltd
        90 11 has forecast group 1981 profit will be not less than $17.5 million. In a prospectus to announce details of the group's new share issue, it said it plans to recommend a 1981 final dividend of 10 cents per share, expected to be paid in May
        90 words
      • Article
        REMY Martin (Far East)
        126 11 Lid is proposing a final dividend 35 cents, making a total of 55 cents for the year ended March 31. No comparison is available as the company went public in May last year. The company also announced a bonus issue of one-for-five. Books close June 29
        126 words
      • Article
        OVERSEAS Trust Bank's
        38 11 rights shares in nil-paid form commenced trading yesterday and were indicated at 13-70 per share in early trading, dealers said. In May, the bank announced a one-for-two rights issue with warrants af $5 per share.
        38 words
    • LATEST RESULTS
      • Article
        TIM Berhad
        53 11 reported con- solidated group pre-tax profits of MJ2.63 million for the year ended Dec 31, 1980, a decrease of 49.4 per cent from the $5.2 million it made in 1979. A final dividend of 3'/i per cent has been recommendedmaking a total of 7 '/i per cent for
        53 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      316 11 NOTICE GUTHRIE BERHAD (Incorporated in the Republic of Singapore ANNOUNCEMENT On 8 June 1981, the Directors of Guthrie Berhod informed the Stock Exchange of Singapore Limited that they hod received the following announcement from Guthrie 81 Company (Far East) Sdn. Bhd. and the Multi-Purpose Holdings Group:-"Multi-Purpose Holdings Berhod ("MPH") announce
      316 words
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  • Article
    Lock icon Japan records high trade surplus
    426 12 AFP JAPAN registered a record trade surplus with the European Common Market and the second largest black figure with the United States last month despite a slowdown in its car exports. According to a preliminary report released by the Japanese Finance Ministry yesterday, the country's
    AFP  -  426 words
  • Article
    Lock icon SAUDIS MAY HAVE MADE OFFER TO IRAQ
    122 12 AP SAUDI Arabia has offered to compensate Iraq for its French-built nuclear reactor that was bombed by Israeli planes last weekend. The leftist Beirut newspaper As-Safir yesterday quoted unnamed Western diplomatic sources as saying the Saudi offer was intended to muzzle criticism by
    AP  -  122 words
  • Article
    Lock icon Strict work rules on foreigners in Indonesia
    218 12 Reuter ONLY 7,400 foreigners are employed in Indonesia because of strict government regulations protecting employment of Indonesian nationals. The Manpower Ministry said yesterday the foreigners employed in Indonesia are mostly experts granted a maximum two-year work permit which can be extended if the
    Reuter  -  218 words
  • Article
    LONDON STOCKS
    755 12 LONDON, Fri. Equities gained narrowly at the outset today, helped by the higher trend on Wall Street but initial interest was small, dealers said. The Financial Times index closed at 535.8, down 0.4 points. Gold shares were inclined higher. Bullion dealers fixed the metal at U5472.00 a troy
    755 words
  • Article
    Lock icon DOW JONES CONTINUES RALLY
    138 12 AP NEW YORK, Fri. The stock market continued yesterday's rally with another broad advance this morning. Gainers outnumbered losers by about a 2-to-l margin in the early tally of New York Stock Exchangelisted issues. The Dow Jones average of 30 industrials rose 1.62 points to 1,009.04
    AP  -  138 words
  • Article
    Mergers, acquisitions as corporate strategy
    670 12 SO LONG as mergers and acquisitions are done within the law and under supervision from the authorities, they should not be viewed with suspicion. Mergers and acquisitions are effective methods for growth and expansion, especially for companies in developing countries, said Mr Tan Koon Swan,
    670 words
  • Article, Illustration
    AMERICA IN SINGAPORE
    121 12 AN AIRCRAFT carrier of the US Sixth Fleet, the USS America (picture), visited Singapore yesterday after having participated in a war game in the Indian Ocean. The carrier and its three escort vessels a cruiser, the California, and two destroyers, Preble and Sellers spent almost a month
    121 words
  • Article, Illustration
    Lock icon Huang to visit India from June 26
    209 12 UPI CHINA'S Foreign Minister Huang Hua (above) will travel to India on June 26, the Indian government announced yesterday. The Chinese foreign minister will meet Prime Minister Indira Gandhi and his counterpart Narasimha Rao during his six-day stay. Mr Huang's trip will be
    UPI  -  209 words
  • Article
    Lock icon Razaleigh and Musa urged to stay on after elections
    568 12 AFP AN UMNO vice-president, Mr Abdul Ghafar Baba, yesterday suggested that a formula be found to ensure that the party would not lose a leader in view of the decision by the two deputy presidential candidates, Datuk Musa Hitam and Tengku
    AFP  -  568 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      178 12 The Straits Times Directory of Singapore general business listing. The tab on vour business connection of over 5,000 names and addresses! The general business listing of the Straits Tunes Directory or Buku Merah (as we axe also known) is a compendium of names and facts you ought to know. For
      178 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 WEftT HER| Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hoars prior to 7.39 pm on Jane 12 at the airport. Maximum temperature 33.5 Associated humidity 61 Minimum temperature 26.4 Associated humidity 95 Hours of sunshine 8.35 Rainfall in millimetres Nil Total rainfall
      61 words
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  • LEISURE TIMES
    • Article, Illustration
      A touching, telling tale
      787 13  -  Richard Adams' Watership Down, enjoyed by millions worldwide, is an adult book for children. Martin Rosen's Watership Down is a telling tale, a social commentary, a fun cartoon for all in the family. SALMA KHALIK, who first saw the film two years ago in Australia, couldn't
      787 words
    • Article, Illustration
      HOLLYWOOD GLAMOUR
      362 13  -  COLLECTING SIOW LI SEN SINGAPORE Shui Hing's slogan is "where it is just like shopping in New York". So when it had a party on Thursday (to show off $20 million worth of jewellery), it did so lavishly, what the wealthy Americans would do in New York. The
      362 words
    • Article
      Irresistable
      33 13 GUESS who is holding a sale? Mondial'». According to Mr Brace Taylor, its managing director, the sale is organised to clear space (or Mondlal's new collection. The last sale day Is Monday.
      33 words
    • Article, Illustration
      C K Tseng springs a surprise
      862 13  -  By LEE YOKE MENG IT'S A mind-boggling set of names Tang, Kangxi, Yongzheng, Jaiqing, Zhengde and Longqing. The list is endless, the names of which do not fail to appear in any auction of Chinese porcelain. But if you are a serious collector of
      862 words
    • Article, Illustration
      Two fateful days
      1179 14  -  By RONALD KOW THESE two dates should go down as "black" days in the history of Singapore and Malaysia Cup football: May Thirteen and May Thirtieth. May 13, 1977, was the day when soccer fans went berserk while queuing up for tickets to the semi-final Malaysia Cup
      1,179 words
    • Article
      YOUR WEEKEND SPORTS
      375 14 TODAY^^^^^^ GOLF: Jurong: Sixty-six golfers will compete this morning in the Jurong Open for the 'B' division while 52 take to the course in the afternoon. They represent seven of the local clubs with the exception of Sentosa while Tasek Utara of Johore will also be represented.
      375 words
    • Article, Illustration
      DESERT WITH A DIFFERENCE
      1031 14  -  Palm Springs DESTINATION V By RICHARD SEAH THE LOST HORIZON was filmed "on location" in a Califomian desert called Palm Springs. It is hard to imagine the mountains around Palm Springs as the Himalayas which nestle the mythical Tibetan hideaway. There seems no greenery up there,
      1,031 words
    • Article, Illustration
      Overpowered by Inchcape
      1173 14  -  By CHARMAINE CHAN THE newly-opened Kentucky Fried Chicken Squash Complex will be the venue for the 4th Anchor Business Houses Squash League (ABHSL) during its scheduled June 22 to July 19 run. Four courts have been booked for the league which plays off with 20 men's teams
      1,173 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      61 13 BUSINESS TIMES GIVES YOU THE EDGE TWO black days in the history of Singapore and Malaysia Cup football. RONALD KOW reports. RESULTS of the 4th Anchor Business Houses Squash League (ABHSL). CHARMAINE CHAN has the details. YOUR weekend sports diary RICHARD SEAH visited the desert which can boast of 40
      61 words
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      Page 13 Advertisements Column 2
      10 13 BUSINESS TIMES When we say business we mean just that
      10 words
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  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      489 14 WHAT WHERE FILM SHOWS JON VOIGHT stars in IV Mean FUe, a film about a young German reporter who tracks down a gang of Neo-Nazis. Co-stars are Maria Schell and Maximilian Schell. To be screened at the Hilton Movie-House tomorrow at 8.15pm. By the rooftop poolside. There will be a
      489 words