The Business Times, 5 September 1981

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, SEPTEMBER 5, 1981 60 CENTS
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  • 286 1 JAPAN and Asean should form a bilateral economic commission, with a view to reducing tariff and non-tar-iff barriers for Asean exports to Japan. This was proposed by Professor Lim Chong Yah of the National University of Singapore, at the fourth Japan-Asean Symposium held recently
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  • 281 1 IT IS better for Singapore to concentrate on schoolgoing children rather than on adults in any reading campaign. Mr Goh Chok Tong, Minister for Health and Second Minister for Do-, fence, said the low proportion of adult membership at the National Library, and
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  • 556 1  -  REGISTRATION OF SHARES By CHRIS LIM THE Stock Exchange of Singapore (SES) plans to take "appropriate action" against companies which unduly delay the return of shares sent to them for registration. Such delays contravene the Companies Act and the Exchange's Listing Requirements. In a move to accommodate genuine
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  • 455 1  -  By SALMA KHALIK THE three Kampuchean resistance leaders have "expressed the desire" to form a coalition government with Mr Son Sann as the Prime Minister. With the signing yesterday of an agreement to this effect, the three leaders have taken their fight against the Vietnamese one
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  • BRIEFLY...
    • 65 1 THE DEVELOPMENT Bank of Singapore will raise its prime lending rate to 14 per cent from 13' 1 per cent, effective Monday. The bank's fixed deposit rates will be increased point across the board, pushing one month to 11 3 4 per cent, three and six
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    • 69 1 THE EGYPTIAN Deputy Prime Minister and Minister for Foreign Affairs, Mr Kamal Hassan Ali, and his wife, will arrive in Singapore today on a three-day official visit. The visit is at the invitation of Minister for Foreign Affairs and Minister for Culture, Mr S Dhanabalan. Mr Kamal Hassan
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    • 47 1 MR CHENG Tong Fatt, Permanent Secretary (Culture), has been appointed deputy chairman of the Singapore Broadcasting Corporation (SBC). Mr Alan Wong Hoi Ping, a lawyer, was appointed a member of the corporation. Both appointments, lasting a period of two years, took effect from Sep 1.
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    • 88 1 AFP JAKARTA, Fri. The Indonesian government has carried out a total reshuffle of the top management of the Finance Ministry, with effect from August 29. The changes include replacement of Customs and Excise director General Tahir, who has held the post for nine years, by LieutenantGeneral Wahono. Mr
      AFP  -  88 words
    • 53 1 AP KUWAIT, Fri. Kuwait has been trying to arrange an emergency meeting of Opec oil ministers to deal with oil price differences that threaten to divide the 13 member countries. The newspaper Al-rai A]-am reported that the meeting would be held sometime during the last 10 days of
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    • 60 1 AP LONDON, Fri. Gold and silver prices surged on European bullion markets today while the US dollar slid in early trading. > Dealers said both the dollar's weakness and the strength in precious metals were due in part to new Warsaw Pact manoeuvres near Poland. The dollar's difficulties
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    • 74 1 WARSAW, Fri. Poland will need two to thiw years to beat the current economic crisis, and even then provided both industrial and agricultural production show a marked improvement. Deputy premier Zbigniew Madej said yesterday that industrial production, especially vital coal output, had slumped by 18 per cent over
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    • 25 1 BEIRUT, Fri. The French ambassador to Lebanon, Louis Delamare, died in hospital after being shot today by unidentified gunmen in Beirut, police said.
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  • 279 1 THE 4«*n to rtowr eean«mlr and trade relattoas krtwfta Slagapvre aad Driu were tfflHaily apeaed yeaterday with the nrtttnjc ■p af a Chlaeae trade afflee at Dalvey RmmJ Sixty twa-year «M XI Yesheag will bead the afflre aa Chlaa'a rammerriaJ repreaeatatlvr here.
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  • 265 1  -  By OUR REPORTER A MAJOR shake-up in the top management of Malayan Banking and Bank Bumiputra. Malaysia's two largest banks, is expected within the next two weeks Informed sources say Mara chairman Dr Nawawi Mat Awin is expected to take over from Tan Sri Kamarul
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  • 221 1 MR LOKE Pak Chee. the general manager of local contracting firm Ong Chwee Kou Building Contractors, has been appointed the first executive director of the Singapore Contractors' Association Limited (Seal). The post of executive director is newly created. Mr Loke will help look into all aspects of the
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  • Page 1 Advertisements
    • 224 1 @:[|?|"?.@[>.>`;-+")$;_>)`\*>*} QGMDS MARINA House, bought by Malayan Credit for $39.5 million last June, is now worth a handsome $130 million Page 12 DUNLOP Estates Berhad has been hard hit in the first half-year to June 30, 1981, by a sharp downturn in sales volume Page 12 PRESIDENT Reagan's economic recovery
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    • 178 1 This includes Olympic competitive scoring, pretty girls and golf clubs That's why Lynx named its newest, hottest model golf club '10'. These new-design woods and irons were created expressly to commemorate the Company's 10th anniversary The Irons. When it comes to distance control and accuracy 10 Irons meet the exacting
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    • 51 1 T) SINGAPORE business FOR PEOPLE WHO MATTER .11 GROUND THE WORLD... AiuNsiNG\NMß:&ofond 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. AIUNSING>NE4R Today's best-seller in active sportswear Sole Agent EXCELSIOR (PTE) LTD. 66 High Street Sf
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  • OVERSEAS
    • 491 2 NYT PRESIDENT Reagan's economic recovery plan, despite the successes of his first seven months in office, is entering its most critical and vulnerable phase. Alan Greenspan, a former chairman of the Council of Economic Advisers and an influential outside adviser to President Reagan, contends that
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    • 77 2 Reuter. A MANAGING director of the West German Deutsche Bank is convinced that China's present economic retrenchment would in the long run strengthen the country's economy. Dr Wilfried Guth said the so-called "readjustment" programme was a wise decision which would result in a sounder, more balanced economy.
      Reuter.  -  77 words
    • 306 2 Reuter MAJOR French banks cut their interest rates yesterday in response to sharp criticism of their credit policies by Economy Minister Jacques Delors. Two state-owned banks, Societe Generate and Credit Lyonnais, and the private Credit Commercial de France dropped their key base rates from 15.3 per cent
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    • 310 2 UPI THE COALITION government of West German Chancellor Helmut Schmidt has survived its most serious political crisis since its re-elec-tion last year. After weeks of wrangling, Mr Schmidt's Social Democrats and its tiny partner, the Liberal Free Democrats, agreed on an austerity budget for
      UPI  -  310 words
    • 141 2 Reuter CHINA is willing to sign the international agreement on patents after giving the matter close study. A British Member of the European Parliament said this at the end of a visit to Beijing by a delegation of European parliamentarians who met Chinese Vicepremier Bo Yibo,
      Reuter  -  141 words
    • 303 2 UPI CIGARETTE advertising in the United States hit the US$l billion mark for the first time in 1979 a 20 per cent increase over 1978 and it paid off with the sale of more cigarettes than ever before. Most of the advertising money was
      UPI  -  303 words
    • 364 2 AP BECHTEL International Corporation of the United States will develop a US$5OO million international tourist resort in Sabah A special briefing on the project, which has the approval and support of the Sabah government, was given to the Malaysian Minister of Trade and Industry,
      AP  -  364 words
    • WORLD IN BRIEF
      • 468 2 Agencies EGYPTIAN polk* have arrested hundreds of Muslim hardliners and politicians in a nationwide crackdown on critics of President Anwar Sadat. Mr Mansour Hassan, minister of state for presidential affairs, said hundreds of people were arrested. But he was unable to confirm a report that the figure topped
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    • Article, Illustration
      458 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barber Terrier (1800 after Torrens) 47 Bunga Seroja (2300 UTM/L A D/L must head West will shift 7th 0630 tbc on completion of Latex) 33/34 Dashizai (0600 46 Equator (0700) 22 Luke Lu (1800 after No. 6 Do nam hauls) 35/36 King
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    • 327 3 UPI AUSTRALIA'S beef scandal deepened yesterday with the disclosure that more horsemeat had been found in a shipment sent to the United States. The revelation came against the backdrop of a call from an opposition leader for the firing of Primary Industry Minister Peter Nixon,
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    • 117 3 AP TWELVE US Senators yesterday launched a drive to veto President Reagan's proposed sale of sophisticated Awacs planes to Saudi Arabia. They called the sale unwise and risky. The 12 announced that they are asking all Senators to co-sponsor a resolution vetoing the sale.
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    • 533 3 Reuter IRAN and Iraq have reported renewed heavy fighting in the Gulf war and Baghdad said its forces crushed a two-pronged Iranian offensive. The Iraqi military command said more than 5,000 Iranians were killed in some of the heaviest fighting since September last year. Reports
      Reuter  -  533 words
    • 225 3 Reuter SOLIDARITY, facing soured relations with Poland's communist authorities and a fierce new attack on its activities from Moscow, has called for a strike alert by 350,000 workers in the central Bydgoszcz region. The alert came as Soviet army, navy and air force divisions prepared
      Reuter  -  225 words
    • 702 3 ARRIVALS Service Local From Operator Number Tine CPA CX710 1006 HLP GIA GA850 1030 HLP SIA SQ103 1045 KUL GIA GA906 1045 MES PAL PR501 1065 MNL SIA SQ191 1106 PEN MAS MH681 1130 KUL SIA SQ240 1225 MES MAS MH682 1136 KCH RBA BI423 1200 BWN
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    • 170 3 UPI PRIME Mlalstcr Zeik* Sasaki yesterday arged America's straag military pwwm la Asia bat raled •at JtpH's military caaperattsa with sther aattoas la thereglsa. Mr Sasaki's valedictory, IV AmUm Chtllrmgr, calmiaatod the three day Sklmada esafereace la Olsa, Japaa, wkere same M US aad
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    • 476 3 EXPORTS EXPAND SHARPLY Reuter JAPAN announced yesterday that its economy, tacked by strong exports, expanded by 1.2 per cent in real terms in the April to June quarter, putting it on target for a 5 per cent growth in the current financial year The latest statistics
      Reuter  -  476 words
    • 123 3 DEVELOPED countries must reorganise their economies and contribute to world economic development through the expansion of international trade. This was suggested by a report in Trade Scope, published by Jetro The report was based on the White Paper on International Trade in 1981, issued by the Japanese Ministry
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  • Page 2 Advertisements
    • 224 2 >^v S3 >> V y v; s x C 4 I K S- > to your doorstep -hot off the press and at no extra charge! wm irt r w< i r:' GO, HER WORLD, HER WORLD DECOR GUIDE and SINGAPORE BUSINESS. Place an order with your regular news vendor
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  • Page 3 Advertisements
    • 245 3 SOON. A NEW UOF BRANCH IN TELOK BLANGAH. From 12 September, there 11 be a new United Overseas Finance Branch in Telok Blangah at No. 348, Block 78, Telok Blangah Drive, Singapore 0410, Tel: *****90/1. Which means that you can soon earn higher interests on your savings or fixed deposit
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  • RAW MATERIALS
    • 754 4 NYT THE Soviet Union, its perennial bureaucratic problems compounded by mercurial weather, appears to be bracing itself for its third poor grain harvest in succession. If the results are as bad as Western agricultural specialists in Moscow believe, they could send Soviet grain
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    • 250 4 THE Malaysian Prime Minister said that the consumers of tin should not take umbrage over reports circulating in London that some producer countries were buying tin in a bid to firm what would otherwise be a weak market. Datuk Seri Dr Mahathir
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    • 314 4 IN THE latest of a aeries of reports forecasting a bumper harvest, leading London sugar dealers E D and P Man estimated thai sugar production In the new crop year, from Sep 1 would reach 13 million tonnes, exceeding consumption by some two
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    • 327 4 TRADING activity during the week was interrupted by the closures of the markets on Monday in Malaysia (or National Day celebrations and in London, the August Bank Holiday. Values finally finished 5 cents higher in Singapore and in Malaysia unchanged on balance, Holiday, Catler, Bath
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    • 104 4 WHEAT futures In Chicago on Thursday extended opening gains in quiet midsession trade, rising 4Vi to two US-cents a bushel. Steady local short-cover-ing in response to a general lack of selling interest and reports that a wheat acreage-reduction programme may be announced soon boosted prices from the start. Trade
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    • 132 4 SOYBEAN futures in Chicago on Thursday were up 4Vi to two US-cents a bushel at midsession, near the top of a 3^4-cent range. Persisting adverse soybean crop conditions in major US bean crop areas, despite earlier forecasts that rains would subside, prompted local short-cover-ing from the start. Continued lack
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    • 175 4 CHINESE Pradace Exchange, Singapore, closing prices per ltfkg yesterday. Cmmi( «0: Bulk fob $122.50 sellers, old drum (In second hand drum) fob $136.50 sellers, new drum fob $141.50 sellers. Copra: Mixed (loose) $72.75 buyers. Pepper: Muntok white pepper fob Asta NLW $372.50 sellers. Sarawak white pepper faq fob
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yarn: China Blue Phoenix 20b 2,405; 32s 2,885, 40b 3,120 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 332 4 SINGAPORE: Yesterdays closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.36. 100 per cent second class 1.14, 100 per cent third class 1.10, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.75, Special
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    • 87 4 THE STRAITS tin price in Penang yesterday held steady at MISS.* a kilo, unchanged f rsm Thursday, and within the ITA ceiling range if $32.74 to $35.47, dealers said. London's easier closing was discounted as strsng influential demand, Including Japanese and local haying, together with lower offerings contributed
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    • 32 4 Rubber Sept 4 Singapore: Sept: 223.00 cents (down 2.00 cents) Malaysia: Sept: 254.00 cents (down 2.50 cents) Tin: M 535.30 per kilo (unchanged) Official offering: 166 tonnes (down 7 tonnes)
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    • 101 4 Reuter SUGARBEET production in China's main beet-growing region, the north-eastern province of Heilongjiang, could reach 3.2 million tonnes this year, slightly higher than in 1980, according to a provincial newspaper. The Heilongjiang Daily said this was despite the fact that 27,000 hectares of beet had been
      Reuter  -  101 words
    • 775 4 COFFEE: Robusta coffee futures yesterday eased back from morning highs at midday in a market supported by roaster buying and reports of agreement between ICO producers on the coming year's overail quota, traders said. Midday prices were between £18 and £25 a tonne higher on the day but
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    • 110 4 THE Kuala Lumpur market yesterday ruled slightly higher on light buying support in quiet trading, dealers said. In September, central rose M 52.50 to $877.50 a tonne and south $2 to $880. The refined market turned featureless on reports that Pakistan and India rejected offers. C.I.F. North European
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    • 220 4 RUBBER prices in Singapore yesterday closed slightly easier with September One RSS buyers quoted at 223.00 cents per kilo, down two cents from Thursday's close, dealers aid. Morning prices were marked down slightly despite some covering interest. they said. Afternoon prices lost some ground on some offerings of September
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    • 376 4 RAS prices In cents per kUo yesterday: Noon (per kilo) Buyers Sellers lat. 1 R.S.S. prompt J.o.b. 215.00 216 OON bit 1 R.S.S. September ZM 00 225.00 bit 1 R.S.S October B7.00 228 00 lot 2 R S.S 199 00 200 OON UK Coot IM OO 199 OON'
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    • 105 4 NOON 981 I md SMR pna >» UJ SSR10 SSH50 (1 ha patten (ltoa ptW lafUa (Carril la j on 8. in oo I»1 00 bar MU> •Ban 1M00N lfSOON Oe*a» (Farwirl Ivyan 1 1*00 iff n kar IMU) lrrooN 1MOON NULI l«ftoahtr SMRCV SMR L SMR
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  • Page 4 Advertisements
    • 433 4 iMr > W ;f-?TJ .-*•>., .V V /V* ikbm »1 %l 431 I TMf Of 1 V V vr: 1 J* v <» r *-•> WINDOWS AT tiffanys AH? ►V Abrams ART BOOKS .i"i SS.u^/ 0,0 fiii A selection of 3 great works THE LANGUAGE OF GRAPHICS This dazzling collection
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  • TRADE AND INDUSTRY
    • 427 5 THE fast expanding retail industry here which employs more than 65,000 workers is finally making a collective effort to train and upgrade its management staff. The Singapore Retail Merchants Association, together with the National Productivity Board, is organising a seminar on "Retailing in the 80s"
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    • 540 5 SIXTEEN British companies will form a joint presentation organised by the Machine Tool Trades Association and the British Overseas Trade Board at the forthcoming Machine Asia '81 exhibition. They will join three other woodworking machinery manufacturers' associations in Europe taking part in the exhibition at
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    • 329 5 SEMINARS AND COURSES Sep 8-Oct 13: EDP in, Module IV, Working Capital Management, NPB Cuppage Centre, NPB Sep 9-Sep 16: Top Management Development Programme Module IV Business Policy and Strategy Corporate Planning, Hyatt Hotel. NPB Sep 10 and 11: How to Minimise Costs in Construction Projects, Shangri-La Hotel,
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    • 418 5 UNIVERSITY training prepares graduates for working life but cannot possibly offer them courses tailored specifically for each of the numerous types of jobs. This point was made by the Vice-Chancellor of the National University of Singapore, Professor Lim Pin, at the university's first convocation yesterday
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    • 333 5 id MOST publishers may not 1; have made up their minds as to how the higher postal rates in Hongkong will afU feet their business. I( j But according to a study in by Recondite Enterprises in Hongkong, at least one book publishing company has
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    • 79 5 ELECTRONIC Components of General Electric (USA) will hold its first product application seminar in Singapore on Monday. To be held at Hilton Hotel, the one-day event is open to all customers of ECOGE, the GE (USA) facility here which manufactures semiconductors. Mr William Sahm, a
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    • 352 5  -  By ALVIN TAY THE West German government will spend more than 500,000 marks (about SW50.000) on an aid programme to improve the quality of the equipment for testing the Republic's electrical products and equipment. The programme will help Singapore exports meet standards in West
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    • 207 5 INDOSUEZ Singapore has appointed E4mia4 La* Tlew Hln as assistant manager to head its correspondent banking division. Mr Loo was a senior officer with the Monetary Authority of Singapore before joining the bank. Private Investment Company for Asia has promoted Teren Lim Yemm Baey to senior investment
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    • 175 5 ABOUT 40 Singapore businessmen will be visiting Paris next month to attend the 28th International Equip' Hotel Collectivity Trade Show. The trip is organised by Promosalon in conjuction with the French Trade Commission. The visit represents the first time a group of Singaporeans will be attending the
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    • 111 5 SEVENTEEN packages of training courses have been secured by the Singapore Society of Accountants for its members from the Institute of Chartered Accountants in England and Wales. The courses will be available from the middle of this month for hire or loan at preferential rates. It will be
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  • Page 5 Advertisements

  • 444 6 MR MANSOR Sukaimi, MP for Kembangan, is entitled to his views about women. But when he is making a public speech to an audience comprising mainly schoolgirls of an impressionistic age, he must expect that his remarks will not be found particularly apposite by a
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  • 252 6 AN ESTIMATED 65,000-member strong workforce in the retail business is a frighteningly large number for an industry which has traditionally shown very low productivity. Strangely, latest economic statistics show that the commerce sector still continues to be able to attract large numbers of workers. For
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  • 759 6 Letters to the Editor EDITOR: We have always accepted that the US sets a good example in this complex field. However, it is not on our own authority that we allege the Foreign Corrupt Practices Act is being weakened. According to the New Yerk Times, the provisions
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  • 1522 6  -  By DAVID WHITE FT NOTHING in the folklore of the French Left is so symbolic of the unacceptable face of capitalism as the Willot family. The once, all-consuming textile and retail conglomerate controlled by the Willot brothers is now on its last legs. Three years after
    FT  -  1,522 words
  • Page 6 Miscellaneous
    • 670 6 -11-OH CROSSWORD A CRYPTIC PUZZLE ACBOBB 4 He hat a board out West 7 Bird, a male one also (8) 8 The trouble capers can get you Into (6) 10 Get out of debt in the manner of Peary (5) 13 Be a better drummer? (4) 14 Flare badly due
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    • 53 6 Rn Stew: ftaaJc lickenS wo iNfwe OFFC£ "Vie SlBGfcT MC'S Cl£M&* £&UNG US TfeJUCPVOHC gfM- SO TUG. SON «£fulcts in my e*es. HC'S RCOCDHeD U>lfV*X»T prw G»fcN»US ryCToChtD f*W P^OHE. So rr NOT oni_v Rcficcts I STfeFMGMT -J I 6yl fVl T iPuts iy nouj, mJuESS my P«EK's rue onc
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    • 680 6 In Search Of Vampires A WIFE at ft wealthy tntt- directed by E W Bwae kham- Adwm Inn* that f If hftlTT Is Ml u yw ■to, thea try a thriller ar ft ta oaartaced Att «h on try anuw *r > <«—* z* t* jzrrL! p«)» i#rc TL ,P***>
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  • 598 7  -  By DEVIN DUNN Reuter PREDICTIONS of doom and general economic gloom have dealt a severe blow to Peru's emerging tourist industry. Officials say the number of foreign visitors dropped by at least 30 per cent in June and July, costing the country some US$l4 million in
    Reuter  -  598 words
  • Page 7 Advertisements
    • 2801 7 ANNOUNCEMENT THE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA CELEBRATES THE 33RD ANNIVERSARY OF ITS FOUNDING T r t Independent and Peaceful Reunification Reflecting the fundamental stand the Government had Invariably maintained on the question of national reunification and the requirements of the fast-changing situation home and abroad at the beginning of
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 171 8 SEPT as PU ARM 282.00 -OJ Ahold 70 JO 0J AkM 2140 -0 2 Aurv 8100 1 Amfu 91 00 0.5 Amrobnk SI 40 -0.2 nr|.i— 2190 0.9 Berk 41 JO -01 Rnl« 83.00 +0i5 BorsumlJ 196.00 unch Burhmann 47 JO -0.6 Caland 38-20 1 Calve Delft ***** 0J
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      • 274 8 SEPT 03 Fn CORBBILLE Alr-Uqulde 4SB 90 3J B 8 N Oenrali Dinonc C 8 F ThomjonC*f) Cle rranctlM dea Petrolea 1090 >48-50 1*7 a >u 71 Compagnle Flnanclere Compa«nJe Ocneraie 280 41 Credit Foncter Da France 317 JO -u Hachette (Llbralrle) Machlnet Bull 315 1 43 0.5 Michel
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      • 215 8 SEPT 03 Dm Aef-Telefunken 36 00 0J Akan 21 10 unch A US 1M0.00 unch Alls Vers Ml 00 unch BASF irtjo 0.9 Bay H T Wbank in* unch Bay Vbank maae Bayer 120 00B rut 364.00 >4 BMW ir jo 4 Casaella TJV00 unch Chem Varw 230 008
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      • 66 8 AC»C Wl Artad 1MB Aatur 3M unch X Braacan 1131 Bru-Lamb 11M uiptr 17S6 t 10 ill Cock T 141 De Dm M 1 -u CbM Ofctrobtl 1211 Ob-Inno-Bm IS10 unch 4 Hobo* 22SC •31 Pctro OBO nyi Lai ten SkJro UR 11« -S unch SO 11 Boc Oan
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      • 166 8 SEPT 03 Franca 1 ArUonj SlIMll S3 -M Aluaulaat R*t Brown Bowl Br. CI ha Oatgj Br. CI ha Oalgj p C JTO 1MB 1MB unci) -B -U -IB Clba Oelgj Rag Credit Suiaar Br M7 J -S Cradll Sulaat Rag Dtltrovtu Br. m KM 2 -IB Oaorga Ptaehar
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      • 83 8 Aaaoe Oca Battofl OnlrW ***** Mb rial 22 30 -36 rinaldar 40 •XA Cl«n Immob In Prt It*lr*m«nu 1830 MM 447QD -210 4 SO Italgai w -11 ItAiUdrr 4-5 Ma«neu M PI MmraUl Etc Ill 1 Madloto HZ ur3ao -3000 Mlralanaa Moodadorl Monlxlvi MoUa Bto 1*300 MOD 1C3J0 -1130
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    • 113 8 SEPT 03 C$ AtrHIM i Aican Alfom* D. n b ki M .1* Bank Nova Scotia Bel) T*l »<* U unch n*Lh Corn *»-> -4 11 x m i I 1 21H >» <•«* -U M« H 6*. unch M<t -1 BK 1MB 1M -t» Denlaon *-> i i
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    • 255 8 MPT 03 Rand INDUSTRIALS A Alpha *00 unch A be from OD unch AC And CI AMIC 960 an uncb 10 i* n»ih»«« Cm Suor 1096 in CTA *10 Curr* ruitno D» Btn Ind BO con M «ooc TlflB 10 Idpn KmMi rwi vol* neon ue tm unch nmi
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  • Page 8 Advertisements
    • 1079 8 The American Express Card serves you welt wherever good food is served" KES Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef k. Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday Public Holidays 8.00 a.m.—6.00 p.m. DOLPHIN SNACK SHOP Ground
      1,079 words
    • 108 8 fit(JlwLh JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. )pen (hn.'v Until 1 > "!<) n n hur reservations call 737 1 )677 P in It) it) J niHir\ I'iii'k Stl>■ i Siii i| >< >i*« H Si"QHPuf' J r v Te- "s Oo'"dVa DV ANA HQTtLS
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    • 191 8 |+>:?}>;*{$>=?-(+~:(+_*_\(,/][; Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations. please call 737-2233, ISn HUON NTERNATIONAb SMGAPORfc Where The World Is
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    • 132 8 as good as going to Bangkok. This i« Thai Seafood at its authentic bast So trash, it couK) have bean alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expartiy prepared by Thai chats in our kitchen Siamese Seafood Restaurant Onlay Risa/Penang Road
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  • BANKING AND FINANCE
    • 400 9 NEW YORK banks and savings and loan institutions said that they would continue to offer consumers accounts yielding high interest as a lure to sell savings certificates on Oct 1. But they would protect the taxexempt status of the certificates by making their purchase optional. Hundreds of thrift
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    • 20 9 ALGEMENE Bank NMtorlamnd NY increases Its prime kadlig rate frsm 14 per ceit ts I4Vi per eeat today.
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    • 192 9  -  By LEE YOKE MENG THE SLOWDOWN in overseas economies and international trade may dampen slightly the pace of growth of some confirming houses here. But, for many, it is unlikely to have any impact at all. Meridien Credit Corp, one of the established houses here, has
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    • 876 9 FT IN THE PAST YEAR or so. Japan has found itself an attractive resting place for international capital, especially from Arab investors. In the year to March a record US$l7 billion, net. flowed into Japanese securities. In more recent months, the flow of Japanese investment
      FT  -  876 words
    • 86 9 CHINA'S fardp exehaage —W ssarei to UBSUI Mlltoa at the ead «I Jut, agalast tLMI MlJtoa at the ead sf March, aK per rest rise. Tstal earreaey la elrealattoa was M.C39 Mlltea yaaa, compared with 52.5 C Mlltoa yaaa at the ead «I the first q Barter «I
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    • 400 9 STERLING and Deutschemark drifted slightly higher against the US dollar though prospects continue to be in the dollar's favour. According to the latest currency review of the Manufacturers Hanover Trust (MHT), sterling has been trading at U551.8425, and its fall against the dollar has been
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    • MONEY AND EXCHANGES
      • 208 9 SINGAPORE gold futures yesterday turned easier in the afternoon on profit-tak-ing after a firmer opening, but prices closed higher on balance compared with overnight levels. Trading was light with total sales for the day recorded at 74 lots while kerb volume at 37 lots. Prompt closed higher at U*****.00/441.50
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      • 42 9 TkJu W e* New York 9 SOB 9 JOB 9.50S 9 SOS Zurich 9.27B 9 27B 9.47S ou 9.47S Singapore r n 9.55B ii in 9.56B 9.75S 9.75S Closing price* in US dollars a troy ounce. Source: Credit Suisse, S'pore.
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      • 175 9 THE US dollar for overnight delivery in Tokyo yesterday closed firmer at 230.35 yen compared with a 229.60 opening in Tokyo, a 229.65/ 85 close in New York and 229.60/75 on the West Coast on Thursday, dealers said. This was also firmer than the 229.40 finish in Tokyo on
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      • 103 9 THE dollar made some advance on opening levels against other major currencies in early trading in London yesterday, largely in response to operators covering short positions ahead of the weekend, dealers said. The US unit made notable gains against the french franc following the announcement by Credit Lyonnais it
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      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.125 per cent.
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      • 191 9 ASIAN ASIAN currency deposit Interbank rates as at close on Sep 4. US Dollars (Spot) Offer Bm 7 days 17* 17H 1 month 18** 18 2 months 18to 18* 3 months 18* 18H 0 months 1813/*****1/18 9 months 18 5/18 18 3/18 12 months 18* 18 SwJrs. Dm IWUJI. 1
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      • 45 9 RANGE of price* offered by discount houses on Sep 4: Overnight; T% Call deposits: to T% Clotia* Bayia< S«llia« 3-month Treasury bills 6W S 3-month Bank bills 14H 14 3 months CD 131/16 12 15/16 6 months CD 13 12'A Source: National Discount Co
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      • 50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 7 to Sep II: Offered: 1150,000,000 Applied for: $274,270,000. Alleged: $150,000,000. Accepted Mds: $98.42 approximately 67 per cent and higher bids in full. Average rate af dteeeaat •a alletmeat: 6.290 per cent per annum.
        50 words
      • 461 9 THERE was very little activity on the Singapore foreign exchange market yesterday, with the US dollar falling against most major currencies. Against the Singapore dollar, the US currency opened at 552.1630/50, but commercial demand midway through the day pushed the dollar up to 552.1690/00. From this high, it
        461 words
      • 180 9 THE US dollar in Hongkong yesterday eased below the day's high against most leading currencies in thin late trading, with market attention remaining focussed on US interest rates, dealers said. Trading was also nervous as operators were uncertain over the trend of the dollar, and some operators closed their
        180 words
      • 842 9 SEPT 08 ACT Industries Addreeeocraph Alrco iiw us* 40* 10* -M Alcan Alumln Allegheny Lad Kit unch Allied Cham Cp Allied Stores A Ills BM—i Alumbqo Amer Aa Airlines 41K 15* V* -2* 14H Am Brands Inc a Am Can Co Aa Cyanamtd Aa Dec Pwr a*
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  • Page 9 Advertisements
    • 391 9 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 185 Pursuant to Section 254<2Xb) AND IN THE MATTERS OF SING WAH MANUFACTURING COMPANY (PTE) LIMITED At an Extraordinary General Meeting of the above named Company duty convened and held at Nos 143/145 PRINSEP STREET, Singapore on Monday the 31 st
      391 words
    • 231 9 ©PENGUINS Britain in revolt against the legions of Rome. A powerful, passionate tale of a people fashioned out of myth and legend. The Eagle and the Raven is a truly unput-downable classic. 832 mm THE COMPLETE BOOK OF RUNNING James F. Fixx Quite simply the best book ever written on
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  • 1678 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 COMMERCIAL Acma (2.908) (1)
    1,678 words
  • 201 10 HNGAPOU UNIT TOU8T (Mm|w' prtass far Sep 7) The Commerce 2 96 ill The Savtnfj Fund 1.73 1.81 S'pore Prof Fund 136 142 S pore Sec Fund 1 93 2 03xd S'pore Invest Fund 102 1.07 S'pore Equity Fund 1.26 1.32 DIAMOND MOT STOKE IMsmiwi' prtass tarhflAT) Diamond
    201 words
  • 2722 10 Gr*» Gr*s Net 1981 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- Crr COOO) High Low 8ECTION ONE INDUSTRIAL ft COMMERCIAL 494 268 Aetna 292 12 14.5 3.2 4.9 10.4 1 292 292 Alcorn 144 45 2.0 35 248 390 130 Allied Choc
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  • 2025 10 BID and offer price* 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 at 1,000 units, unless otherwise specified. MXVIVIAU hkmm (IMB 1 JOS) (4) 1.52 (1) 1« A Ckar (IMB
    2,025 words
  • 197 10 JACK Chla-MPR Limited: AGM to be held at the Tanglin Room, Shangri-La Hotel, 22 Orange Grove Road, Singapore on Sep 5 at noon. KINTA Kellas Ratter Estates: AGM to be held at 1-4 Great Tower Street, London, EC3R 5AB, on Sep 10 at noon. UNITED Overseas Baak: EOGM
    197 words
  • 781 10 THE DECISION by the Stack Exehaage af Slagapare to lmpaee Immndlali wtttMMt ea all ttuton, effective yesterday, «y Mt eeem to have limited activity la the market. Tradlag clerks were aa basy aa ever tal rian price mevemesta ware eqaally active. Maay eaaaton iptail
    781 words
  • 573 10 BUYERS again held the upper hand for the third day this week, taking prices to a steady close at the Kuala Lumpur stock market yesterday. Reflecting the improved conditions, the pace of trading picked up. The continued improvement in sentiment comes after a spate of
    573 words

  • COMPANY NEWS
    • 587 11 Carreat Payaeat Ex Date Baafa CJaae Date PayaMe Tatal far the year Tatai for Prevleaa A Enterprises Alex BUf* BKatll BMMtoL**"** g> »> ii Com Ptaat DBS Daaiap Eat Daaiap b4 E A 1 Fkkr Merita G EUfe GtMCMa Hlgk A Law ICB UaadAPaa J Ceaaeat J C
      587 words
    • 351 11 Company Particulars Ex Date Books Close AJesa Rights issue of 7 for 2 Q 51.00 per share Aug 28 Sep 9 Alex HMga Bonus issue of 1 for 1 Sep 11 Sep 18 B Rays Proposed bonus issue of 5 for 4 NYA NYA Rights issue of 1
      351 words
    • 221 11 RIVERVIEW Rubber Estates suffered a 21 per cent fall in pretax profit to MJ1.51 million in the first six months of its financial year ended June 30, 1881. Interim results show that net proceeds from rubber totalled 12.38 million as against $2.52 million previously, while cocoa
      221 words
    • 138 11 AMCOL Electrical Industries, the crippled appliance firm, is looking up with some optimism now despite its problems. Although it suffered another interim loss of $255,287 for the first half of this year, this was not as severe as the previous year's $411,133. The poor performance was attributed
      138 words
    • 536 11  -  By AHMAD TALIB A MALAYSIAN trading corporation to promote the country's trading operations worldwide is expected to be incorporated by the end of the year. Styled after the Japanese sogasash&s, the Malaysian International Trading Company (MITC) would have government agencies and private-sector companies as members and shareholders,
      536 words
    • 846 11  -  STRAITS TIMES INDEX DOWN TO 623.10 THE IOITH4 THAT WAS J By CHRIS LIM JULY was a bad month for the stock market with the Straits Times industrial index plunging more than 145 points since the end of June in one of the worst monthly drops
      846 words
  • ASIAN STOCKS
    • 241 11 HONGKONG STOCKS in Hongkong yesterday closed mixed with blue chips coming under alternate selling pressure, mainly from overseas, followed by technical upward moves in fairly active trading, dealers said. The Hang Seng index closed 9.91 points up at 1,597.54 with turnover estimated around $550 million to $650
      241 words
    • 349 11 SHARE prices in Tokyo yesterday closed generally easier after fluctuating widely through the day. The market average was down 15.87 to close at 7,662.59 with volume totalling 320 million shares. The Tokyo Stock Exchange index closed at 577.46, up 0.84. The market average fell initially some
      349 words
    • 61 11 MPT M Asia Rim MM WS Bajwkok mnk W uncli Bank Of Ayudhaya »«il JKUr Charoon* Thai Wtr» 171 Urn Trust 41 •1 C» Cory flM -LS CQOMOCS International 1 Tnt- M And ru Rum Towtr «JS iU atilt Union 144 •1 Stem CHj Camant -1 South Am 1
      61 words
    • 317 11 OIL shares in Sydney yesterday fell sharply as the All-Ordinaries index slipped 4.7 points to a 14month low of 610.8, dealers said. The Oil index slid 26.1 points to 677.9, a loss of 61.2 points on the week. AOD proved one of the few oils to hold
      317 words
    • 93 11 THE Manila stock market yesterday closed lower 3 KPT M nm co)a im tutnn UM COB. A UM Cm. B. a >1 uulo OoM 0H6 unch HIM Con. B P Ooodrtch a u ♦j unch CDCP CM Luddl U ■panto .13 -ojxm M artndutu* IB -u OrtenUl A Oriental
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    • 54 11 FINANCIAL TIMES INDUSTRIALS Thursday 588 0 Wednesday 588 3 Week Ago 382.3 DOW JONES AVERAGE INDUSTRIALS Thursday «87.01 Wednesday 884 23 Week Ago 899 08 H.K.HANG SENG Friday 1597.54 Thursday 1587.83 Week Ago 1672.84 AUSTRALIAN INDUSTRIALS Friday 688.1 Thursday unav Week Ago 701.5 ALL ORDINARIES Friday 810.8 Thursday
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  • Page 11 Advertisements
    • 206 11 The oil industry is the world's largest commercial enterprise. Its extent is globel, affecting every country. International issues from Iran to SinoSoviet relations are influenced by considerations of oil production and consumption whilst the international communications network of the lerger oil compenies rivels that of the majority of nations. In
      206 words

  • 313 12 FACED with a shortfall in the production of oil palm, Malaysian-based TDM Berhad has reported a group pre-tax loss of MJ1.19 million at half-time. This is a reversal of its performance in the previous interim, when the group turned in $1,996 million in pre-tax profits.
    313 words
  • Chief Price Changes
    • 138 12 Rises Indices Hong Leoag lad M U I 1300 386 Sep 3 Sep 4 1080 230 BT Indicator: 100.63 *****1 Spore Land 1110 220 Industrials: 640.65 662.78 Sel Properties C Sugars PMC 815 1010 1000 175 150 145 Finance: Hotels: 1533.71 1016.77 1576.09 1046.55 H Leong Credit 970 120
      138 words
    • Article, Illustration
      149 12 32 ver y yesterday despite the: Stock Exehaage af Sagapere rmHag that all traaaacttoa* have to he daaeaa aa Immediate delivery barfs. WwMal tadex rase tS.ll palate to «J* 1 Baataeaa Timet ladlcator af the day's 1« mast active stocks was ap 124« palate to *****1. Rises Indices
      149 words
  • 154 12 AFTER Miettai pre-aeaal-dttoa preflto M tbe K« ratter greap, Geattag Bbd to expected to make greap pre-tax attributable preflto M $9t mlUton la the earreat year. Oa ito ewa, Geattag to expected to tara to aa eetimat«4 pre-tax profit if $88 milIlea, while the newly aeaaired eenpaalee,
    154 words
  • 100 12 HAW PAR Brtttwi literuttoaal Lid has empieM the sale sf Ito 21-storey balJdiag la Htigk«i(, eammaaly referred to m Ne 1, Ltckkiri Read. Hw aaie, first imwcH la Beptomker hit year, vm fer a total wajteaHw af SMJI mllltoa la caah. It wUI give
    100 words
  • 142 12 HONG Pah Carparattoa, a Stags parr based praperty ceaeera eaatralled by the Cheaag family, has aaaeaaced the appetafeat at Messrs Cheaag Kim Paag aad Cheaag Pla Chaaa aa jeiat maasglag dlreetars at the campssy with Immediate cflcct. Mr K P Cheaag has ahaat 17
    142 words
  • 40 12 SEE 8m Appraisal Pte IM has valaed Hum UnMh (Par East) 1 pupwtji at Bakit Hotat Baad at $1» milllM wUlt i«iea Laag WMttM's valaattaa to SITU mlfflaa. The Agates were iaad verteatly reversed la aa ®afH®f report.
    40 words
  • 804 12 LONDON, Fri. Share prices closed lower in moderate turnover today with most of the falls occur! ng in early trading, as the market reacted to sharp falls on Wall Street and a £24 million rights issue from John Brown, dealers said. At 3pm, the Financial Times index was
    804 words
  • 60 12 AP NEW YORK. Fri. The stock market declined broadly again this morning as the selloff that began yesterday continued. The Dow Jones average, which closed yesterday at a 15month low. dropped points 3.06 to 863.96 in the first half hour. Loaers outnumbered gainers by more than 2
    AP  -  60 words
  • 505 12  -  ■■BHI Companies Editor: Mano Sabnani By KOH TSE YING MARINA House, bought by Malayan Credit Ltd (MCL) for $39.5 million last June, is now worth a handsome $130 million. The valuation was carried out recently by independent, professional valuers who also valued MCL's prime
    505 words
  • 445 12 IN LINE with the general industry trend, plantation company Dunlop Estates Berhad has been hard hit in the first half-year to June 30, 1981, by a sharp downturn in sales volume, following lower palm oil output and depressed commodity prices. Directors have consequently cut the interim dividend
    445 words
  • 182 12 YEO HIAP Seng Limited's Hongkong-based subsidiary, Melowise Ltd, has received acceptances in respect of 268,396 shares for its cash offer to minority shareholders in General Bottling Co Ltd. At the close of its offer yesterday, Melowise had raised its prospective stake in General Bottling by 3 per
    182 words
  • 321 12 BOUSTEAD HaMlaga Bhd has announced that its interim dividend of 5 cents per share less tax will be paid on Jan 15, to shareholders on the register as at Sep 24. The new rights and bonus shares to be allotted on Sep 25 will not rank for the
    321 words
  • Article, Illustration
    783 12 mmm mmm BOBBY Lim, 36, managing director of Lim Kim Hai Electric Company (Singapore), is stocky, sports a habitual crew cut and has an immensely lively personality that sees business wheelings and dealings in terms of marriages, divorces and other alliances. He may see the funny side but
    783 words
  • Page 12 Advertisements
    • 209 12 NEW MUSCLE FOR ASEAN BUSINESSMEN Tiroes Conferences will give new muscle for ASEAN businessmen in their top level international conference on 'New Business Opportunities in the 80's: ASEAN' CAN THE ECONOMIC BOOM LAST? ANY SAFE6UARD FOR BUSINESS? WHERE TO INVEST NOW? WHAT ARE THE OPTIONS? WHAT DOES USA OFFER? WHAT
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  • Page 12 Miscellaneous
    • 63 12 IWiEfiTiHER Outlook for Singapore from 6am to lpm today: Showers in several areas from around midday. Report for 24 hours prior to 7.91 pm on Sep 4 at the airport: Maximum temperature 30.5 Associated humidity 71 Minimum temperature 23.4 Associated humidity 99 Hours of sunshine 6.25 Rainfall in millimetres Nil
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  • LEISURE TIMES
    • 451 13 A THAI film (first banned by the censors but now released after a successful appeal) and a Polish film will be the Singapore Film Society's double fare tonight (7.30) at the RELC auditorium. Tongpan is about a middle-aged farmer who has been persuaded by a student to attend
      451 words
    • Article, Illustration
      946 13 "His paintings exude a kind of life, like the coming of a gentle breeze which fills the room with fragrance". The artist is Pa Da San Jen. KS elaborates. PA DA SAN JEN is indisputably one of the greatest, if not the greatest, Chinese artist of all times.
      946 words
    • WEEKEND GOURMET
      • 55 13 THE HILTON lateraatt*aal Betel will beld a "(Mden Chin* flnnanese Buqiet" from Sep 1« U II at Its Lib •f Happiness restaurant. Only limited tables af N persons each wlil be available. Eaeb table is priced at 11,1 m. Reservations are new being accepted at tbe Betel's reservation
        55 words
    • 449 13  -  By WONG AI KWEI LOVERS of Cantonese cuisine will be delighted to know that there's a new speciality restaurant in Singapore Shopping Centre which is said to be as good as any in Hongkong. In fact, the owner is so set on convincing the diner that he is
      449 words
    • 551 13 RAY ANG 5 CONTINENTS means more than the opportunity to test one's geography; it means that someone dared to place an exclusive restaurant at the East Coast, away from the trendy downtown locations; and it also means driving away from the hustle and bustle of
      RAY ANG  -  551 words
    • 83 13 CHINESE GARDEN A LANTEBN-maUag campetition ud a TrsdHlsasl Cfclien Dress CtmpedtlM will be Ike klgkllgkts of tkis year's Laatera Festival. TV Festival, wklcb will be beM at tbe Cblaese Garden fram Sep 11 U Sep 13, Is Jointly srgaalsed by Jarsag Eavlrsameatal Englaeeriag Pte Ltd, Sla Cbew Jit
      83 words
    • 879 14  -  By RONALD KOW THIS MUST be a rather confusing time for local soccer fans, who must be wondering whether it is better f o focus their attention on the Lion City Cup or the Merdeka tournament. Both are major, important and prestigious affairs. The Lion City
      879 words
    • 431 14 AVIS has decided to reduce the number of teams in the Travel Industry Team Squash Championship which will be held from Oct 28 to Nov 8. This move will make the tournament more competitive. For its preliminary rounds, the number of teams in the
      431 words
    • 31 14 MUHAMMED ALI promised to shock the world and win the heavyweight boxing crown for a record fourth time and said he could even fight on until he was 55.
      31 words
    • 885 14  -  mm By CHARMAINE CHAN FOUR TENNIS groups, calling themselves Borg, McEnroe, Evert and Austin, will be participating in a tennis camp from Sep 7 to 10. The programme, the first XL-Kennex Tennis Scheme's camp for its select group of 32 under-13's, will be held at the
      885 words
    • 699 14  -  ■OTORIie with Hermes TOYOTA cars are popular worldwide and Singapore is no exception. However, in terms of market share, its popularity in Singapore seems to be limited to the smaller range, very well represented by the Starlet and the Corolla. And in the luxury class, the Crown
      699 words
    • 109 14 THE Stegapare Baa Service will be aperattag twa--3 special services A, B C frem Aug Ma Ma, Taa Payek aad Qasw taws, respectively, taasacraw far the FVtt LJea City Cap Faathall TaaraameaL Regalar eecvtcea 14, If aad XI will eeaae to eater Kallaag Park tfarlag the limes
      109 words
    • 49 14 THE Stapptn Sparta Cmmll will ceedect lean-ta-play teudi nanc* far adalta at tke Nattaaal Stadiam Teaala Caarta starttag tram Sep 14. AppUratlaaa arc apea ta all abave IS yeara af age aad will be accepted aa a flrat-eame, flrat served baaia. Rlag *****11, est 234, far mare details.
      49 words
    • 505 14 TODAY Keppel: The 1981 Local Circuit winds up with the Keppel Local Circuit 1981 Professional Amateur Tournament which began yesterday. The 39 professionals and 11 amateurs will play another 18 holes this morning, with the first flight leaving at Bam. SICC: It's time for the monthly medals
      505 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 795 13 WHAT WHERE g CONCERTS THE Siigtptre Symphony Orchestra Celebrity Coacert presents soloist Chia Chou, winner of the recent Sydney International Piano Competition. At the Victoria Concert Hall tonight at 8.15pm. Chia Chou will play Beethoven's piano concerto No 5 in E flat major op 73 (The Emperor). RECITAL by Ng
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  • Page 14 Advertisements
    • 386 14 By LEE YOKE MENG 1 1 HHHNMMHHHHMPMMNMHHMHHHMMNMHHHHHMMHBMMKa V e f ft m Late Qing dynasty covered box. A blue and white jug IT HAD to come. The auctioneers were full of promises and it was merely a matter of time before the gaudy prints of Imari ware could make its
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