The Business Times, 20 December 1980
1980-12-20
1
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The Business Times
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Title Section11 1980-12-20 1 BUSINESS TIMES M.C4P) No. llt/l/M SATURDAY, DECEMBER ts, IM9 50 CENTS11 words
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BRIEFLY...
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Article55 1980-12-20 1 Reuter NEW YORK, Fri. Citibank said it raised its prime rate to ZLVi per cent from 21 per cent, effective immediately. It is the first bank to move to 21 */2 per cent, a record high for the industry. At other banks, the prime rose to 21Reuter - 55 words
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Article71 1980-12-20 1 Reuter HONGKONG, Fri. Hongkong has agreed to reduce its quotas of certain types of garment exports to the European Economic Community (EEC) for the current year because of violations of quotas in 1978 and 1979, it was announced today. In those two years, quantities of garments had' beenReuter - 71 words
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Article81 1980-12-20 1 UPI BELFAST, Fri. An IRA hunger striker, apparently unaware his colleagues called off their fast, slipped into a coma and doctors were "working like hell" today to save his life, hospital officials said. In Dublin, Irish Prime Minister Charles Haughey said a potentially dangerous and tragicUPI - 81 words
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Article58 1980-12-20 1 UPI NEW DELHI, Fri. A parliamentarian today produced a letter charging an opposition politican and a fanatic Hindu mechanic with rigging a plane engine, causing the death of Indian Prime Minister Indira Gandhi's son, Sanjay. Sanjay died while piloting a Pitts Stunt plane which crashed in New DelhiUPI - 58 words
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Article74 1980-12-20 1 UPI LONDON, Fri. Iran's revolutionary guards clashed with protesters opposed to the regime of Ayatollah Khomeiny in a fierce battle in northwest Iran, killing more than 100 of them but losing 24, Iran's official Pars news agency said today. The report of the clashes in West Azerbaidjan cameUPI - 74 words
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Article82 1980-12-20 1 Reuter HAGUE, Fri. The Dutch parliament has narrowly approved a cabinet decision to allow the sale of two submarines to Taiwan, despite protests from China. The government said in November that it would grant export licences to a Rotterdam company for the sale of the submarines andReuter - 82 words
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Article96 1980-12-20 1 UPI TOKYO, Fri. Stung by the Iran-Iraq war and export cuts by other Arab countries, Japan may face an oil shortage next year. Industry sources said the situation is more serious than what the world thinks. Japanese oil imports could decline as much as 16 per centUPI - 96 words
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Article142 1980-12-20 1 Rises Loytape 206 56 Sel Properties 1440 50 G Ceramics 390 50 M Banking 1450 40 8 P P L 272 32 Straits Trading 1230 30 PMC 1150 30 Paper Products 472 28 Hong Leong Ind 366 28 Gentings 815 25 Falls C Properties 310 -70 Austral142 words
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Article, Illustration139 1980-12-20 1 Rises K Kampar 850 50 Roxy 312 45 S Trading 1290 40 Petaling (T) 1790 40 S Land 625 35 Loytape 228 29 Paper Prtxi 488 26 M Rice 570 +25 Per lis Pit 630 25 Gen ting 850 25Hong Leong ind 380 +22 Kamunting 530 +20 D139 words
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Article, Illustration976 1980-12-20 1 MARCARET THOMAS - By MARCARET THOMAS ONE hundred per cent cooperation the crux of productivity and a lesson the Ministry of Labour must learn. Mr Lee Kuan Yew, speaking to a rain-soaked lunch-time crowd at Fullerton Square yesterday, thundered out a sharp criticism of the Ministry of976 words
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Article, Illustration507 1980-12-20 1 SALMA KHALIK - By SALMA KHALIK "WHATEVER little service I can, I will give to the country. But I am too old now, says Mr Wee Mon Cheng, former Singapore Ambassador to Japan and an acknowledged expert on the Japanese. But if the Prime Minister has his507 words
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268 1980-12-20 1 BARGAIN tutors ma* (Mr felt at 6m flings pern stock mvkrt yesterday after staying away far the better part of this month. Ihe»reeevery was fairly brood baocd with share prim la matt Meters shewing lmprevemeat. Reflecttag the mild hat steady aptern, the Straits Times268 words
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Article481 1980-12-20 1 BANDAR Raya Developments is making a HK$462 million (about Ssl9s million) bid for Hongkong-list-ed investment and property development company, Intercontinental Housing Development (IHD) which owns significant properties in Malaysia. In the first move, Bandar Raya said on Thursday it has agreed on terms to481 words
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Page 1 Advertisements
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Advertisement10 1980-12-20 1 IK SINGAPORE mess FOR PEOPLE WHO MATTER See page 510 words
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Advertisement46 1980-12-20 1 XL is the energy drink Dexlrose Anhydride Fructose Sodium Cwoode (Salt) bodtum Otrate Citric Acid Natural Lime Lemon and Honey Flavour I the extra pack of energy Manufactured By ""6/ H.M. Colmar Pte Ltd Block 2, Depot Road Tek* &angar> Industrial Estate Singapore 0410. let: *****14/546 words
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Advertisement67 1980-12-20 1 msmz leisure times QUALITY eiaM circles at CASH-RICH Pa—diss e«m paHewlett Packard 3 ales m a merger spree C SHIPPING liiiatry Uelag GENERAL Meters aimlag la saeertala fa tare s predace 'werld track' 7 WHY Cktaa is baildlag Its drat FORECAST e( market treads aadear 5tatiea.......................... by stackkrakers 11 CROSSWORD67 words
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Advertisement118 1980-12-20 1 Companies' Activities, Key Personnel, Agencies The Straits Times miJ^KTIITV Singapore (Buku Merah) I CHRISTMAS EXHIBITION-SALE AFGHAN INDONESIAN RARE TRIBAL ART AND HANDMADE, HAND-KNOTTED CARPETS FROM PAKISTAN CHINA a o 0 <y 4 0 C nm o j kiri i i j k >3 I 1 J 4 I Afghan Tribal118 words
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Page 2 Advertisements
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Advertisement116 1980-12-20 2 JIT7TT7?*! KnwjT^jj^^ RTTurM^HjHKMHttiM YOU CAN NOW BUY AS LITTLE AS 5 GRAMS OF GOLD AT THE PRICE LEVEL NORMALLY ENJOYED BY BULLION DEALERS EJ^] 551H V M& iiiis;-r > 'iiin .s 5 "<■« v -.'>#■-■ 'i"«s I JU SA".v. .v:wj»v.v.' l v, l v: Sg# wwm x y ■y.- ■•■yy.v.v.v.116 words
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LABOUR AND TRAINING
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Article, Illustration1284 1980-12-20 3 WONG AI KWEI - The concept of Quality Control Circles is becoming increasingly popular in Singapore. WONG Al KWEI speaks to US calculator giant Hewlett Packard which is among the first here to give the concept a try. WONG AI KWEI THERE IS USUALLY a lot of fun and laughter1,284 words
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471 1980-12-20 3 HEWLETT Packard's optoelectronics department makes substrates for the company's Corvallis pocket calculators. These substrates can also be used in computer terminals and medical instruments. A substrate has a thin ceramic base about IVt cm long. This tiny component is made up of two integrated circuits471 words
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Page 3 Advertisements
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Advertisement154 1980-12-20 3 Seven Star Leather-bound Diary. \four exclusive and prestigious record for days months and years. Seven Star offers you the complete diary system. Select the individual sections that will suit you, and put them in to make up a diary tailored to your very own needs. Sections can be extended or154 words
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Advertisement252 1980-12-20 3 /2 V V i f K >— l-m "i i- J V j "V. o> V V I I I I I I fl ramous Name In Watchmaking o Its very ownership is sheer testimony the kind of man or woman who owns one. The advancement of fine Swiss watch252 words
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RAW MATERIALS
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Article281 1980-12-20 4 A FURTHER decline erf 10 cents was registered in the week ended Dec 18 as prices fell back in continuation of the recent downward trend, while turnover became progressively quieter on the approach of the long holiday season, says Hal May, Catler, Bath aad Cwapuy281 words
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Article162 1980-12-20 4 CHICAGO soybean futures closed mixed on Thursday ranging from off 4Vi US cents a bushel on the nearby to up five in new crop. Late buying from the leading wire house and the professional house in January and March bouyed soybeans on the close, dealers said. Soybean product futures162 words
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Article177 1980-12-20 4 WHEAT futures in Chicago on Thursday closed just off the lows, down 5V< to 4Vi US cents a bushel in light trade. Rumours of new USSR purchases of Argentine wheat, plus a firm domestic cash market, supported wheat through midsession. However, a lower trend in other grains and a177 words
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Article286 1980-12-20 4 OPENING prices on the Singapore rubber market yesterday were marked up slightly on short-covering interest but thereafter prices leveled off on lack of follow-through. Volume was moderate, deales said. The morning session closed slightly higher with January One RSS buyers quoted at 287.25 cents a kilo, up 0.25 cent286 words
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Article286 1980-12-20 4 RAS prices In cenU per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 283.00 284.OON Int. 1 R.S.S. January 287.25 287.75 Int. I R.S.S. February 298.75 293 25 Int. 2 R.S.S. 274.50 275JON UK/Coot 273.50 274.50N Int. 3 R.S.S. 271.50 272J0N UK/Coot 270.50 271286 words
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Article111 1980-12-20 4 NOON SSR and SMR prieaa yaatardajr RAS Juii (Cirmi Barara f 244.00 it) 140.00 SSR 20 SSR SO MULB (1 too pallc 41-too palla try l Mtk) UUara 246.00N 242.00N ranair (Forward Mtk) Bayara SalUra 246 00 248.00N 242.00 244.00N SMR CV SMR L SMR 5 SMR111 words
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Article38 1980-12-20 4 Rubber: Dec 19 Singapore: January: 288.00 cents (up 1.00 cent) Malaysia: January: 299.25 cents (up 0.75 cent) Tin: M 51,929 (down $7) (equivalent to $31.90 per kilo) (down 11 cents) Official offering: ***** tonnes (up tonnes)38 words
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Article79 1980-12-20 4 THE STRAITS tin price in Penang yesterday fell Ms 7 to $1,929 a picul (equivalent to $31JC Idle), $21$ below the InterutiMttl Tin Agreement celling. The drip reflected higher deliveries of tin •re ahead of the Christmna holiday and lewer Lenden overnight advices, dealers said. However, farther strong79 words
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Article172 1980-12-20 4 CHINEBE rnfaim Exfltagapare, aaaa Sfivr* r ,h c dh Bulk fob (140 00 sellers, old drum (in second b*nd drum) fob *152.00 sellers, new drum fob (160.00 sellers C#pra: Mixed (loose) (77.00 buyers. P'ppui: Muntok white pepper fob AsU NLW $425.00 sellers, Sarawak white pepper taq fob NLW172 words
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Article193 1980-12-20 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattan yarn: China Blue Phoenix 20a 2,041; 32s 2,700, 40b 2.960 (per bale of 400 lbs). Piece geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article322 1980-12-20 4 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.12, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.76, Special 0.73.322 words
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Article823 1980-12-20 4 COmsk: Robusta futures closed the morning £10 to £4 a tonne down from Thursday. I Turnover was 306 lots in- chiding eight options. Dealers said trading con- tinued quiet after the opening with well-matched activity confined mainly to the first three trading months. There were no fresh factors823 words
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Article118 1980-12-20 4 VALUES on the Malaysian palm oil market yesterday continued firmer mainly on limited covering of forwards, dealers said. In the Central region, February traded up to M 5965 a tonne. The refined market was featureless despite the Indian State Trading Corporation purchasing around 5,000 tonnes of palm olein118 words
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ASIAN STOCKS
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548 1980-12-20 4 TOKYO SHARE prices closed mixed yesterday as high-priced electricals and precisions rose sharply following the overnight steadiness on Wall Street but front-runners fell on profit-taking ahead of the weekend, dealers said. The market average lost 3.02 points to 7,060.52 on volume of 330 million shares,548 words
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Article331 1980-12-20 4 AFTER a quiet opening, the market closed 41 points higher yesterday as buyers speculated that local interest rates will not be raised this weekend. Blue chips, in particular Jardines, Hongkong Land and Cheung Kong, continued to be the centre of attention with all of them registering good gains. Although331 words
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Article253 1980-12-20 4 TAKEOVER situations again dominated the market yesterday as the All Ordinaries index posted its fifth successive rise amid speculation that US interest rates have peaked, dealers said. DEC 19 Cents INDU8TRIAL8 A C. 1 i u i 230 4-15 A P M 205 4 Ampol Pet 174 4-2 B253 words
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Article258 1980-12-20 4 STOCK prices closed mixed in slow trading with investors finding little incentive yesterday, dealers said. First Trust rose one baht to 53.50 and Saha Union one to 187, while Jalaprathan Cement fell one to 109 and Bangkok Bank closed unchanged at 288 baht. DEC 19 Bah Li Asia Credit258 words
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Article175 1980-12-20 4 THE STOCK market was mixed yesterday as commercial-industrial lost ground while mining recovered from its previous low and oils remained easier and turnover dropped further to 3.8 million pesds from Thursday's 5.7 million, dealers said. Closing stronger wer£ Atlas Con B, Baguio Gold and Marinduque B, while Philex B,175 words
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Article56 1980-12-20 4 FINANCIAL TIMES INDUSTRIALS*. Tfturaday c jg U Wednesday _i$6 5 Week Ago Su DOW JONES AVERAGE INDU8TRIAL8 r Thursday NMO Wednesday _.<MRSO Week Ago 906 45 H.K.HANG SENG Friday 1291.83 Thursday 1250 76 Week Ago 122*7« SYDNEY INDUSTRIALS Friday 7A Thursday. 753.34 Week Ago TRJM ALL ORDINARIES Friday56 words
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Page 4 Advertisements
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Advertisement86 1980-12-20 4 The Times Calendar- FESTIVALS 81 Festivals '81 is exquisitely reproduced from 12 Chinese brush paintings in water colour by well-known artist, Low Puay Hua. These paintings of local festivals are specially commissioned by The Times Organisation. Low's expert strokes combined with skillful printing makes The Times calendar a treasured possession.86 words
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OVERSEAS
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362 1980-12-20 5 NYT PRESIDENT-ELECT Ronaid Reagan's transition team at the Pentagon is seeking support for as much a& a US$2O billion (Ss4o billion) supplementary funding request for 1961. This would include money for funds to offset the impact of inflation and rising fuel costs.NYT - 362 words
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180 1980-12-20 5 Reuter DESPITE some recovery over the past 12 months, the shipping industry faces uncertainty because of rising energy prices, a United Nations report said in Bangkok yesterday. The report attributed the uncertainty in shipping to the renewed surge of energy prices. This has markedly slowedReuter - 180 words
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WORLD IN BRIEF
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Article488 1980-12-20 5 AFP .WITH a record rate of inflation, a record deficit and its 'first year of negative growth, South Korea's economy in 1960 turned in its poorest performance since the end of the Korean War. Inflation reached a rate of more than 40 per cent while the currentAFP - 488 words
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Article, Illustration388 1980-12-20 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bashan (after Tadeusz Ocigszynski) 35/36 Diny (1500 tide) 27/28 Jenson (0700) 22 Kota Bintang (1500) 10/11 Linden (after Mia A New Globe) 6/7 Lakshmi I (Tanker) (0700 subject gas free, P/O) 15/16 Murrayeverett (after Southern Cross) 45 NedJioyd Fukuoka (0600) 3/4 Naflcy388 words
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720 1980-12-20 5 NYT IN WHAT may be the opening round of a banking price war, the Chase Manhattan Bank has announced that it would charge an annual rate of 18 per cent on credit card debts. This is almost two percentage points below theNYT - 720 words
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Article297 1980-12-20 5 NYT SEVEN Irish prisoners on Thursday called off a hunger strike they had been conducting in a Belfast prison for seven and a half weeks. Their decision, a clear victory for the government of Prime Minister Mrs Margaret Thatcher, came as at least two of theNYT - 297 words
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168 1980-12-20 5 NYT THE International Monetary Fund's executive board has decided to set up a subsidy account to cushion some of the costs of high interest rates for poor countries. The action is in response to both the growing concern over the interest rate burdenNYT - 168 words
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251 1980-12-20 5 Reuter ISRAELI troops, backed by helicopters and a heavy artillery barrage, thrust into South Lebanon yesterday to attack guerilla targets. The Palestine news agency, Wafa, said several hundred Israeli troops attacked Ashieyeh, 15 kilometres north erf the Israeli border. It said the central market townReuter - 251 words
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Article125 1980-12-20 5 AFP FORMER Kampuchean head of state, Prince Norodom Sihanouk has pledged to lead his country against the Vietnamese provided China and the UN reject the Khmer Rouge regime. In a letter to the Far Eastern Economic Review, Prince Sihanouk said it was the survival ofAFP - 125 words
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Article742 1980-12-20 5 ARRIVALS Service Local Operator Nnnber Tunc From PAA PA005 0030 JEK/SFO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH671 0930 KUL MAS MH605 0830 KUL SIA SQZU 1000 HLP CAL CB14 1000 HLP CPA CX710 1005 HLP742 words
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Page 5 Advertisements
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Advertisement298 1980-12-20 5 No mystique in this magnificent investment A good Oriental carpet has a c harism.i uhich derives from an aesthetic fusion of design, artistry, technical construction, durability, symbolism, history and age. The better the carpet the more powerful the charisma, and additional factors come into play such as rnrity. intellectual clarity298 words
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Article517 1980-12-20 6 GIVEN that the Prime Minister has indicated fairly plainly that he will be around for the next eight years at least, it might be premature to think of him as the old maestro. But yesterday he entertained the couple of thousand or so that braved the517 words
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Article195 1980-12-20 6 IT IS OPPORTUNE that the United Overseas Bank (UOB) group will begin next year on a golden note. Its introduction of a gold savings account should, like the Overseas Union Bank's silver passbook, appeal to many investors, particularly the small man who has been denied this investment195 words
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Article, Illustration917 1980-12-20 6 MICHAEL RANK - By MICHAEL RANK Reuter TWENTY-SIX years after it exploded its first atomic bomb, China is planning to build its first commercial nuclear power station despite a programme of massive economic cutbacks. A recent article in the Communist Party newspaper, People's Daily, argued thatReuter - 917 words
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Article704 1980-12-20 6 ANDREW MALCOLM - FORUHJ with, ANDREW MALCOLM NYT SPURRED by inflation and gloomy growth prospects, Canada's cash-rich corporate world appears on the verge of a merger spree involving some of the largest company names in Canadian business. Takeover talk and merger speculations have become a dominant rage among thousandsNYT - 704 words
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Page 6 Advertisements
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Advertisement197 1980-12-20 6 1 TO Why idle away your life and languish in poorly paid jobs with no futura whan you can mova ahaad with tha RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of tha following coursas and gat just THAT QUALIFICATION! Institute of Administrative Institute of Bankers197 words
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Page 6 Miscellaneous
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Miscellaneous1339 1980-12-20 6 Till HE Betrayal in the naked dawn The Bllalikt navle Early DiitMt Waralag ■right appeal KfHinu UFO freak. The dim teUa raEanenMea natiaee, The «f Pup— ud Adama are heeeow aagiaed tt u art P*V h iaveived a pewer straggle thaw aad threatens la greedy Imliwm whs li aver the1,339 words
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Article869 1980-12-20 7 Before drawing together the threads on the general economic direction of the US motor industry, it is helpful to look at the positions of the individual companies, which differ greatly. FT CHRYSLER: Lost US$l47 billion in the first nine months and has missed by a mile theFT - 869 words
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Article, Illustration1098 1980-12-20 7 IAN HARGREAVES - As interest rates in the United States leap to 20 per cent, the slow recovery in car and truck sales has grinded to a halt. LAN HARGREAVES reports on the far from bright prospects for the ailing motor industry. IAN HARGREAVES FT WHEN MrFT; Source: Ward's Automotive Report - 1,098 words
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Article991 1980-12-20 7 KENNETH GOODING - By KENNETH GOODING FT NOW that the first "world cars" are on the road, General Motors, the world's largest automotive group, is aiming to produce "world trucks". As is now generally known, the world car is not any one vehicle. It is a business concept whichFT - 991 words
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Page 7 Advertisements
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Advertisement47 1980-12-20 7 NOTICE WELL KNOWN COMPANY INVOLVED IN THE MANUFACTURE OF SWITCHBOARDS WITH ANNUAL TURNOVER OF OVER $2 MILLION AVAILABLE FOR TAKEOVER AS GOING CONCERN. PRICE AROUND $1 MILLION. Interested parties write in giving contact telephone number to The Advertiser S.T. Box NBOB5l, 1, New Industrial Road, S'pore 1953.47 words
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Advertisement240 1980-12-20 7 Outstanding in any company. The Ford Granada 2.8 Ghia. The Granada Ghia is Germany's contribution to /A?e prestige Ford fleet. The luxury car %Aw that has taken Europe by storm. A car with 2.8 //fres of power lurking beneath its bonnet. >| f Beautifully appointed throughout, skimping on V<ff ffCva240 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article208 1980-12-20 8 urc is ns ABN 286 50 2£ Ahold 66 00 1.2 AkJO 17 40 1 AMEV 92 00 -0.7 Am fas 112.00 unch Amrobnk 57 40 06 Ikrgots 2000 -2 B«»rk 45 20 -1.3 Bols 54 10 -0.4 Borsumij 201 00 >2 Burhmann 54 70 0.4 Byenkorf 37 60208 words
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Article261 1980-12-20 8 CORBEILLE Air-Liquide 536 unch B S N Gervais Darione 1080 -20 CSf (ThomsonCsf I 423 50 1 CI* Francaue des Petroles 253.50 0.5 Compagnie Financlere Coin piignir General* 372 1 Credit Foncier De France 417.50 -0.0 Hachette (Librairie) Machine* Bull Z 52 50 -0.3 Michelin (B) 709 -3 Paribas261 words
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Article89 1980-12-20 8 DEC IS Frs FORWARD MARKET Acec 9Q1 5 Arbed 1184 34 Aslur 303 Brasran 920 10 Bru-Lamb 1000 -2 Canpac 1188 unch Cock 172 4-13 De Beers 320 unch Ebes 1605 Eleclrobel 3000 -270 Gb-Inno-Bm 2020 25 Gev 1300 Hobok 2510 10 Petro 5190 10 Ryl Dutch 3250 Sidro89 words
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Article209 1980-12-20 8 DEC IS Dm Aeg-Telefunken 76-20 13 A k 70 1S.T0 *0.6 Alls Leben 890.00 AUz Vers 460 00 -5 BASF 12S7D Bay H T Wbank 214 00 unch Bay Vbank 292 00B Bayer 108 80 BBC 253.00 -7 BMW 146.50 -0.5 Caxsella 303.00 Chem Verw 238.00 -1 Commenbank 129209 words
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Article187 1980-12-20 8 DEC IB Kranci Actions Suisse* 287 unch Alusulsse Br 1)60 -10 Alusuisse Reg 445 •I Brown Bowl Br. 1400 -5 Cltw Gelgy Br. 880 -S Clba Geigy PC 755 -10 Clba Geigy Reg Credit Suisse Br 505 2630 -s 5 Credit Suisse Reg 454 1 Elektrowalt Br. 2570 -20187 words
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Article110 1980-12-20 8 DEC 18 Lire Anic 870 0.05 Assoc Gen ***** 4 1200 Baslogi 680 4$ Centrals ***** 4800 Flat 1884 4 123 Kinsidrr n 41 Gen Immob 2239 4 14 in Prl 3788 4 328 ltalcemenu ***** 580 I taigas 1579 50 45 ltalsider 300 unch Magnrli M PI 630110 words
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Article207 1980-12-20 8 DEC It C* Abtlibi 24'. 4 Alctn 49 4*. Aljroma 36'. 4 'i Bank Mont 33'. Bank Nova Scotia 34 unch Bell Tel If- *m Beth Corp i BP Can Ltd 36'- Bravran 34 1 Camp Red Lake 68 4Can Imp Bk 27 Canpar 44 Can par In* Pf207 words
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Article269 1980-12-20 8 DEC 18 Rand INDUSTRIALS A Alpha Abercom 320 unch AE And CI MO -10 AMIC 2600 Barlows 1045 •10 Cg Sugar CNA 550 -20 Currie Finance 220 5 O Beers lnd ***** Edron 630 uncli Edgars 8800 Eveready Fed Voile ZIZ 475 5 Fug it 240 Gardian Gienanl Gralemn269 words
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Page 8 Advertisements
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Advertisement235 1980-12-20 8 Where to wine, dine and entertain Snacks for your island treks m W r Take your pick: Curry Puff Chicken Pic 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 Snack235 words
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Advertisement113 1980-12-20 8 iJUAku JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Operl daily 12 noon 'i p m 6 30p.m 10.30 p.m. For reservations call 737^677 A fillima I 'nrk m >i \Js. <sZ ifnA&Xs* Hyatt RegencvOSngapore Singapore 0922 T *****11 Tetex f?S ***** 9 Birds of the same113 words
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Advertisement117 1980-12-20 8 See Page 4 for Asian stocks and Page 9 for NYSE prices The Great Family Do-ltAburself Barbecue. IJIIJIM, CI.AY WIS ill (Ik* Merlin Pl;i/;i. m D ©as mm m v®* Hal a M* MM m [fe Martin Pto. Singapore 0719. T«»: *****11 Experience fsoyol Hoppenings this festive season and enjoy117 words
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Advertisement158 1980-12-20 8 Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine 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. MM HHOON INTERNATIONAL SINGAPORE158 words
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Advertisement140 1980-12-20 8 £4 A 1 J! Dragon Palace Restaurant Siamese Seafood We're famous for our Restaurant Cantonese Cuisine. The Siamese Seafood Restaurant is as good as Bangkok! 1 4L> y r Victoria Bar The Coffee-House Relax in an atmosphere of For informal meals and elegant days gone by. light-hearted snacks a CXKpnjXTW140 words
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BANKING AND FINANCE
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301 1980-12-20 9 FT DELOITTE Haskins and Sells, auditor for the Bank of England, has warned its banking clients against the growing practice of offsetting loans against deposits in their accounts. It says as a result, bank accounts may not give a true and fair view. The firm's opinionFT - 301 words
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Article585 1980-12-20 9 Reuter AFP. CHINA has taken up US$3 million of a $300 million credit line with Argentina to buy iron, informed sources said. The sources said the interest rates is 7.5 per cent but gave no further details. SYNDICATION for the US$35O million 10-year Bank of Indonesia EurocreditReuter; AFP. - 585 words
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MONEY AND EXCHANGE$
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Article464 1980-12-20 9 THE US dollar yesterday closed narrowly mixed against major currencies after fluctuating marginally throughout in quiet and thin trading, dealers said. It closed slightly firmer at 1.8095/8115 Swiss francs against 1.8050/80 in New York overnight and at 1.9685/9905 marks against 1.9680/9900. The US currency finished slightly lower at464 words
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Article51 1980-12-20 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued on Dee 22, 24 and 26: Offered: $100,000,000 Applied for: $167,000,000. Allotted: $100,000,000. Accepted bids: $98.31 approximately 91 per cent and higher bids in full. Average rate of discount on allotment: 6.760 per cent per51 words
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Article22 1980-12-20 9 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 13.8 per cent.22 words
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Article184 1980-12-20 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Dec 19: U8 Dollar*(Spot) Offer Bid 7 days 21H 21H 1 month 23'/. 23'% 2 months 21H 21 1 3 months 20 0/16 20 7/16 6 months 183/16 18 1/16 9 months 16 13/16 16 11/16 12 months 16184 words
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Article11 1980-12-20 9 a .'.v'*;. i: 1 QBE "WttKF&wt Source: National Discount Co11 words
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Article39 1980-12-20 9 FRANKFURT exchanges opening quotes on Dec 19: US —1.9870/9900 (1.9910/40) Stg 4.625 635 (4.631/641) Can 1.6608/36 DF1-91.96/9219 S Fr 109.84/08 Lit 2.106/112 F Fr 43.10/22 NKr-38.26/33 B Fr (con) 6.202/212 B Ft (fin) 6.191/201 Yen 0 9479 950339 words
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334 1980-12-20 9 SINGAPORE gold futures yesterday turned firmer in the afternoon in line with the rise in Hongkong after a lower opening, but the market closed easier on balance compared with overnight levels, dealers said. Total sales for the day was recorded at 55 lots while334 words
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Article37 1980-12-20 9 New York 15.35B 15.70B 15.65S 16.00S Zurich 15 35B 15.40B 15.75S 15.80S Prt IWi Singapore 15 30B 15 GOB 15 70S 1C.00S Closing prices in US dollars a troy ounci 1. Source: Credit Suisse, S'pore.37 words
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Article152 1980-12-20 9 THE US dollar for overnight delivery yesterday closed at 209.30 yen, compared with a 210.00 opening here and 209.65/85 closing both in New York and on the US west coast, dealers said. Trading was moderate with the volume US$77O million. Shortly after a higher opening, the dollar firmed to152 words
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Article179 1980-12-20 9 LOWER Eurodollar deposit rates depressed the dollar In extremely quiet opening trading yesterday. The US currency opened at 1.9870/90 marks compared with a close in New York of 1.9680/9900 and London's close on Thursday of 1.9690/9910. Dealers noted that US Treasury bill yields also were lower on Thursday amid179 words
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Article35 1980-12-20 9 HONGKONG banknote rates were quoted as follows yesterday: US 5.12/5.14 UK —11.80/12.00 Burma —1.20/1.50 India 6.00/6.20 Indonesia 0.75/0.85 Japan 2.445/2.455 Korea 0.70/0.80 Philippines 0.64/0.66 Singapore 2.41/2.43 Malaysia 2.30/2.32 Brunei 2.33/2.35 Thailand 25.70/26.00 Taiwan —14.00/14.2035 words
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Article53 1980-12-20 9 ZURICH exchanges closing quotes on Dec 19: US 1.8090/8120 Stg 4.2071/2159 Can ***** 5049 D Mk 90.6109/8521 D F1 83.4640 7182 F Fr 39 .1667/2954 B Fr 5.6248 6394 D Kr 29.5791/6402 NKr— 34.7513/8256 S Kr 40.6904/7752 Lit 0.1910/1917 A us sch 12.8016/8409 Port 3.3634 3879 Spain 2.2613/2679 Arg53 words
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1272 1980-12-20 9 THE NEW YORK stock market on Thursday scored a broad gain in the heaviest trading in a month on hopes that interest rates will peak soon. However, late weakness in oil and computer stocks trimmed much of the early gain. Analysts said the late1,272 words
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243 1980-12-20 9 Reuter INSURANCE broker Sedgwick Group Ltd and Alexander and Alexander Services Inc have agreed in principle to merge, though negotiations over financial terms have not started. A joint statement said significant fiscal and other regulatory matters have still to be resolved. A furtherReuter - 243 words
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314 1980-12-20 9 LEE YOKE MENG - By LEE YOKE MENG MIDLAND Bank has, together with five other French and German banks, successfully arranged a US$l7O million multi-curren-cy export credit for Royal Dutch Airlines (KLM). The loan, which was signed in London on Tuesday, has Midland Bank, Banque de314 words
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385 1980-12-20 9 STERLING faces an uncertain future which depends to a large extent on US interest rate movements, capital inflows, UK inflation, wage increases and a potential softening in government policy. The latest issue of Foreign Currency Review published by Manufacturers Hanover Trust said the385 words
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Article195 1980-12-20 9 Reuter JAPAN'S Foreign Exchange Council has advised the country's Finance Minister to keep to a minimum his use of emergency powers to control capital transactions under the amended Foreign Exchange for Foreign Trade Control law enforced on Dec 1, Finance Ministry officials said. The council, aReuter - 195 words
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Page 9 Advertisements
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Advertisement134 1980-12-20 9 LOGAN A gem among rare whiskies I.<ti>un I>< I um s< <>u li Wliiskv l-11 >ni lln woi 111 n iiiiuncil Whitr 11< »i sr (list li In v Blc-iwlnl (mm single whiskies mi luilmi; ilit- |>mr lsl.i\ malt ami yi .1111 hisk\ I .<ii;.tn I)r I u\r is 11134 words
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1609 1980-12-20 10 BID and offer prices officially listed and business in and reported to the Stock Exchange ot Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (1.338)1,609 words
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Article167 1980-12-20 10 ONGAFOU UNIT ltll BT MJMIOMTi (M prtMs tar Union Spore Fund 0U The Commerce IV DM 3.14 SB) 3.30 Dm 8 A 8) 1.23 18 The Savings Fund S pore Prog Fund S pore Sec Fund S pore Invert Fund S pore Equity Fund L8 1.37 2.06 1.8167 words
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Article2742 1980-12-20 10 GrV Gr*a Net 19»0 Last Dlv Div Y*M P/E Vol Day High Low Company Sale +or- C'vr (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acnu 324 15.0 2.8 43 123 m 300 220 Alcom 300 12.0 23 4.0 17.0 140 116 Allied Choc 134 32,742 words
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Article1651 1980-12-20 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 lota of 1,000 units, unless otherwise specified. INDUSTRIALS AIM (1775) (1) 2J» (1) 115 Alex Mi (1.556) A Cbee1,651 words
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LATEST RESULT
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Article62 1980-12-20 10 an- nounced an unaudited group pre-tax profit of 13.28 million ($5.12 million previously) for the half year to Sep 30, 1980. Taxation was estimated at $2.01 million ($2.25 million). The parent company's pre-tax profit amounted to $2.86 million ($1.19 million). Etimated taxation was $1.14 million ($476,000). An62 words
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Article, Illustration706 1980-12-20 10 RENEWED kaytag la tec eat HTM share prim from their evenlght levels at the ■jjMMMihaly» The day started ea a «■let hat steady aete with hayiag orders Increasing m the day pragreaeed. Altheagh the aadertytag wm evldeat by mm that there waa gwla> hayiag la706 words
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Article585 1980-12-20 10 SECOND and third line issues attracted some attention in a generally steadier Kuala Lumpur stock market yesterday. Stocks such as Loytape, Central Securities, Genera! Ceramics and Hong Leong Industries were well traded during the day to close with modest to fairly substantial gains. Better support was also585 words
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COMPANY NEWS
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370 1980-12-20 11 ESCALATING production costs combined with poorer local sales and depressed selling prices have adversely affected earnings at financially-troubled Folex Industries. In line with chairman Mr Chan Tak Cheung's earlier passimistic forecast, the company suffered a massive loss of $1.3 million for the year370 words
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493 1980-12-20 11 UNITHOLDERS of Singapore Growth Fund will again receive a higher distribution of income in respect of the year ended Nov 5, 1980. The distribution for each block of 100 Group One units will be 19.23 gross, representing an 11.2 per cent increase over the493 words
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Article205 1980-12-20 11 SINGAPORE Land has informed that its acquisition of the additional 275,000 shares in Arcadia Gardens was made on a cash consideration of $660,000. THE proposed bonus shares proposed by Magnum Corporation in the ratio of two-for-one will rank pari passu with the existing ordinary shares in all respects205 words
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Article53 1980-12-20 11 Reuter THE Stock Exchange of Singapore said trading in the shares of Bandar Raya, suspended since Dec 10, will resume on Dec 22. This follows a Bandar Raya announcement that it has reached agreement to acquire 57.7 per cent of the issued capital of InterceontinentalReuter - 53 words
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Article, Illustration659 1980-12-20 11 mm*** by HOCK LOCK SIEW SCROOGE-LIKE employers are hardly commendable and when times are good, they are probably unforgivable. But on the other hand generosity in excess has its pitfalls too and going by the latest gleanings of proposed bonus payments by stockbroking firms, it appears that someby HOCK LOCK SIEW - 659 words
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In Hongkong...
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Article460 1980-12-20 11 THE Haagkaag aad Ymmatt Ferry Cm said it will raise HK$2OB million through a rights issue after a ten-for-one share split. The rights issue will entitle shareholders to subscribe for five HK$l.OO nominal shares at $4.50 each, partly paid, for each $10.00 nominal share held.460 words
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Article610 1980-12-20 11 r Market Talk... h d IN its latest Investment Review, Kim Eag Seeartttos has recommended the accumulation of quality shares during this period of consolidation. It reasoned that when interest rates eventually turn around, the double-top formation in interest rates will serve as a bullish610 words
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Page 11 Advertisements
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Advertisement163 1980-12-20 11 4 4? 91 //,i <S JTa > N v. V <% RZ <» /j /A V When you subscribe to Business Times directly you save 525 Its like getting 41 issues FRFF. Subscribe to Business Times now and get 41 issues free Here's a great opportunity for you to join163 words
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Article1144 1980-12-20 12 SALMA KHALIK - By SALMA KHALIK SINGAPOREANS never had it so good. The figures released by the Prime Minister during with his speech at yesterday's PAP lunchtime rally, show that the real per capita GNP enjoyed by Singaporeans has gone up by half since the elections of 1972. These1,144 words
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455 1980-12-20 12 THE Singapore Democratic Party (SDP) is very confident. This was what Mr Chiam See Tong, the secretary-general of the party said at a rally at Cairnhill last night. "We are now about half way through the campaign and I can report from three of455 words
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Article823 1980-12-20 12 LONDON, Fri. Share prices opened little changed in quiet trading, dealers said. Industrial leaders were generally steady, though BOC International was 2p higher at 95p after yesterday's better than expected results, dealers said. Oils tended easier on profittaking with BP, Shell and Tricentrol each losing 2p. Gold mining823 words
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299 1980-12-20 12 THE United Overseas Bank (UOB) Group will introduce next month a new way to invest in gold through a Gold Savings Account. The first to be introduced in Singapore, it is aimed mainly at the small investor and is more for savings in299 words
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Article532 1980-12-20 12 UPI ALEXEI Kosygin, who Aicceeded Nikita Khrushchev as premier of the Soviet Union and served as head of government for 16 years, died from heart failure less than three months after resigning the post. Soviet sources, who have access to the top levels of theUPI - 532 words
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Article76 1980-12-20 12 SINGAPORE and Bangladesh yesterday signed an Avoidance of Double Taxation Agreement, ending two-and-a-half years of negotiationsBoth countries cited the growing volume of business and trade between them as the main reason for the agreement. The volume of trade between April to November, 1980 exceeded $400 million.76 words
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Article177 1980-12-20 12 AN UNRESERVED apology has been made by The Star newspaper, published in Kuala Lumpur, to the directors of Straits Trading in respect of allegations made in an article last June. It was reported in the newspaper at that time' that Major T.J.W. Allen, a shareholder177 words
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Page 12 Advertisements
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Advertisement74 1980-12-20 12 GLOBE TRAWLERS Invite application from suitable shipbuilders to construct two timber fabricated hulls for research vessels of 54' x 18' and 43' x 15' during Febr./April 1981. complete design shopdrawlngs are provided! Please apply to above address stating particulars. notice ALUMINIUM BUSINESS FOR SALE AS GOING CONCERN Business Volume: $374 words
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Advertisement106 1980-12-20 12 Leader...page I SALE ON NEM/ARRIUALS! China-imported furniture antiques Antique Blackwood and Rosewood furniture for the discerning collector have just arrived in limited stocks only. Other items include Porcelain Wares, Goldleaf Screens, Wall Plaques, Chinese Scrolls and many, many other items. All imported directly from China At most competitive prices Only106 words
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LEISURE TIMES
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Article, Illustration894 1980-12-20 13 LILLIAN CHEW, HERMES - What do you want for Christmas? Here are some suggestions from LILLIAN CHEW and HERMES. LILLIAN CHEW, HERMES CHRISTMAS the word itself conjures visions of laughter and an atmosphere of warmth that cannot be matched by any other festive occasion. Of holly and mistletoe. Of a Christmas tree894 words
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Article, Illustration475 1980-12-20 14 WONG AI KWEI - WONG Al KWEI, who attended the annual Christmas luncheon of the Singapore Sogetsu Association earlier in the week, gives her impressions of the Japanese art of flower arrangement. WONG AI KWEI, RED poinsettias, asparagus ferns, red berries, gold and silver tinsel, red candles and driftwood these are475 words
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Article416 1980-12-20 14 TODAY GOLF: Juroag. The Christmas Trophy competition will be held this afternoon and participants will be playing strokeplay. Warren. A League celebration competition is scheduled for this afternoon. Sembawnng. The club will have a Christmas Cup competition in the morning. TENNIS: The Masters' Tennis Tournament, Jointly organised416 words
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Article531 1980-12-20 14 CHARMAINE CHAN - a®» By CHARMAINE CHAN ONCE THE boat's engine stops after the last water skier finishes his performance tomorrow afternoon, so will it be the end of such similar scenes at Sentosa's Canoe Lagoon as the 1900 7UP Water Skiing Championships draw to a close This531 words
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Article, Illustration690 1980-12-20 14 You've heard about it over radio. You've read the advertisement in the newspapers. Now you get a reviewer's opinion about it. RADA, who went to a preview of the film, tells you more about Brubaker; why he's called a rebel with a cause and why690 words
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Article, Illustration1007 1980-12-20 14 M0T0BM8 with "Hermes SO YOUR company has been very thoughtful this year, enhancing your bank account with a generous bonus. You sit back and say to yourself: "It has always been a dilemma, not having enough cash. And the cars seem far beyond the budget.1,007 words
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Article, Illustration691 1980-12-20 14 THE EXECUTIVE JOGGER j By PEEBLE IN THE FOLKLORE of running, few things loom larger than the notorious "Wall". Every long distance runner from elite to beginner regard it with respect; some look at it with outright fear. They know through experience or heresy that atBy PEEBLE - 691 words
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Article364 1980-12-20 14 THE UNITED Over**» Buk'i tea ma la the 12th later-Baak Big Walk will have the Halted behlad them, by way ef ergaateers, limiw ■■flag. There will he three teams for this race Mea, Ladiea aad Veteraaa. The (JOB had a straagbeld la all three tram lfM364 words
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Page 13 Advertisements
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Advertisement117 1980-12-20 13 BUSINESS TIMES GIVES YOU THE EDGE OA VI r.M-K MORE Christmas idsas. Ths Singapore Sogetsu Association has loads of brilliant suggestions for table decorations. WONG Al KWEI givss you the details. LAST chance to cheer waterskiiers at Sentoea. CHARMAINE CHAN reports on the last series of the 7-UP Water Skiing117 words
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Advertisement10 1980-12-20 13 'BUSINESS TIMES When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous493 1980-12-20 13 WHAT WHERE FILM SHOWS HERE'S a story about God. He decides to put on his working clothes and comes down to earth to clean up a few things. He picks a citizen, Jerry Landers, as his earthling messenger. Oh God!, a good-for-laughs film, will be screened tomorrow at the Hilton493 words
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