The Business Times, 4 April 1981

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, APRIL 4, 1181 60 CENTS
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  • BRIEFLY...
    • 60 1 Reuter MOSCOW, Fri. The Soviet Communist Party daily newspaper Pravda called on the Polish Communist Party to fight what it described as attempts to weaken discipline in its ranks and undermine its principles. It warned the party against complacency and said that right-wing elements in Solidarity are
      Reuter  -  60 words
    • 66 1 AFP JAKARTA, Fri. Indonesian contractors have won a tender for their biggest project yet in Saudi Arabia. It is for the construction of a US$2O5 million military academy in Riyadh, the country's capital city. The Indonesian government has issued the necessary guarantee for the contractors through the
      AFP  -  66 words
    • 68 1 Reuter MOSCOW, Fri. Soviet President Leonid Brezhnev offered to conclude special bilateral pacts today with non-nuclear states which refused to allow the stationing of nuclear weapons on their territory. The Soviet leader's offer, which has been made many times before in substantially the same form, came as a
      Reuter  -  68 words
    • 42 1 Reuter CALCUTTA, Fri. Police reported bomb-throw-ing incidents and arson today in various parts of Calcutta. One man was killed and over a dozen injured in clashes between supporters and opponents of a 12-hour general strike in West Bengal. Reuter
      Reuter  -  42 words
    • 45 1 Reuter SEOUL, Fri. Hyundai group member Hyundai Construction Co Ltd has won a U5576.2 million contract from the Burmese government to build a multi-purpose dam near Mandalay. The Nyaunggyat hydro-electric and irrigation project is scheduled to be completed by August 1985. Reuter
      Reuter  -  45 words
    • 74 1 KUALA LUMPUR, Fri. Employers will have to treat immigrant workers in exactly the same way as Malaysian workers if the government finds that it is necessary to allow employment of immigrants. Labour and Manpower Minister Datuk Richard Ho said that if the government decided to legalise
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    • 79 1 Reuter OSLO, Fri. Poor design, lack of stability and "abysmal" security precautions contributed to the "Alexander Kielland" oil rig disaster in which 123 people died last year, according to a report published here today. The report, by a government-appointed board of inquiry, was severely critical of
      Reuter  -  79 words
  • Chief Price Changes
    • 133 1 Rises Indices Perlis Plant PMC Supreme Corpn G I Hldgs Sel Properties Spore Land Paramount Jacks Int Mega Chem Public Textile Apollo 1060 1540 710 590 1850 1100 690 520 320 295 440 80 60 50 50 40 40 40 36 28 25 22 Apr 2 Apr 3 B.T.Indicator:
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    • Article, Illustration
      136 1 Rises Indices NST 920 60 B.T.Index: Apr 2 Apr 3 Perlis 1100 50 *****2.38 *****8.44 Magnum 1130 30 Industrials: 1054.14 1055.93 P Textile 318 28 Finance: 1563.88 1564.66 B Kawat 324 28 Hotels: 494.07 494.07 Ajinomoto 330 26 Properties: 1032.38 1034.15 Pac Dev 575 25 Tins: 502.73 599
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  • 711 1  -  FORMS AVAILABLE FROM MONDAY By CATHERINE ONG NEPTUNE Orient Lines (NOL) is finally inviting the public to participate in its profitable business through the issue of 40 million shares at $4 each. The $160 million issue is the largest to be made
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  • 258 1 THE COST of borrowing will fall again when Development Bank of Singapore (DBS) and Bank of Tokyo cut their prime lending rates by half percentage points on Monday. DBS' new rate of 13 per cent will put it on a par with United Overseas
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  • 459 1  -  By WANG LOOK KEAH SINGAPORE Airlines enters a year of consolidation in the 1981-82 financial year. It will not fly to any new destinations, it will increase its capacity by 12.6 per cent and it will improve its present services, reports the airline's house journal. Outlook. With
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  • 317 1 THE Applied Research Corporation's engineering development division will become a full-fledged resource centre for microprocessor technology by 1985. It will by that time have a core of highly trained engineers to promote the use of micro-electronic technology and to help manufacturers design and develop micro-processor-based consumer and industrial
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  • 281 1 AFTER more than a week of feverish speculation In its shares, Taiping Textiles has filially Informed the stock exchange of a negotiation that could lead to the sale of a substantial block of shares in the company. The main vendor is
    281 words
  • 334 1  -  By FLORENCE CHONG ONE of Australia's largest commercial law firms, Allen Allen and Hemsley, has been given permission to practise in Singapore. But its activities will be restricted to the fields of international financing transactions and the Asian dollar market, said Mr Adrian
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  • 110 1 FOREIGN Minister S. Dhanabalan yesterday held twohour talks with United Nations' Special Envoy Mohamed Essafi on how to convene an international conference on Kampuchea. Mr Essafi is on an Asean tour to follow up a UN General Assembly resolution aimed at resolving the two-year old Kampuchean crisis.
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  • Page 1 Advertisements
    • 15 1 I v\\x Dusines FOR Uk PEOPLE Vv- WHO MATTER Times Periodcots Pudca'KDo See Page 3
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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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    • 79 1 LEISURE TIMES FIRST-HALF operating revenue of Sats up 9pe 5 KEVIN Diamond Singapore ventures into property 5 THAILAND eyes convention traffic 1 DEMAND for housing and vehicle loans rose in January 9 BEN Sunshine Dairies sells off major asset 12 KL announces guidelines on loans to small businesses 12 CROSSWORD
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    • 119 1 The Straits Companies Times Activities, Key Personnel, Agencies DIRECTORY Of Singapore (Buku Merah) MODERN MANAGEMENT READINGS drucker management drucker managing for results drucker the practice of management MANAWTAND MOTIWWN •SI drucker the effect iveexecutiw THF ;EKIAL WOMAN SYSTEMS thinkinc PfTFRC SANDERSON OQ<£ FINANCIAL PLANNING FOR MANAGERS &rte-" FINANCK AND ACCOUNTS
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  • 823 2 ARRIVALS Service Local From Operator Number Time MAS MH671 1000 PEN KUL SIA SQ20I 1000 HLP CAL CI814 1005 HLP CPA CX710 1005 HLP G1A GA850 1030 HLP SIA SQ103 1045 KUL GIA GA908 1045 MES MAS MH605 1045 KUL PAL PR501 1055 MNL MAS MH682 1115
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  • REGIONAL
    • 333 2 Reuter CHINESE Vice-Chairman Deng Xiaoping reassured Hongkong businessmen yesterday that they need not worry about the future, but he left open the possibility of a change in the status of the British colony. Talking to reporters in Beijing before meeting British Foreign Secretary Lord Carrington.
      Reuter  -  333 words
    • 144 2 Reuter INDIA, backing away from production-sharing arrangements with foreign oil companies, has said it would keep the oil for itself until the country achieves self-sufficiency. Official sources said final bids by 22 foreign companies are expected this month and contracts would be discussed
      Reuter  -  144 words
    • 302 2 UPI CHINA is planning a major crackdown on dissidents whose movement has been strengthened by the successes of the Polish workers' strikes, leftist sources in Hongkong said on Thursday. The Chinese activists in Hongkong, including some Chinese exiles, said documents issued by the Chinese Communist
      UPI  -  302 words
    • 321 2 AFP, AP CHINA wants to strengthen its links with the Organisation of Petroleum Exporting Countries (Opec). Speaking to the first Opec delegation to China, Mr Yu Qiuli, Deputy Premier and minister in charge of the State Energy Commission, said: "We hope to strengthen and
      AFP,; AP  -  321 words
    • 162 2 Reuter THE AUSTRALIAN House of Representatives has passed legislation which will approve the double taxation treaties signed with Malaysia and Sweden. The agreement with Malaysia was signed on August 20. 1980 and that with Sweden on January 14, 1981. They deal with all substantial forms
      Reuter  -  162 words
    • THE REGION IN BRIEF
      • 413 2 Agencies CHINESE Vice-Chairman Deng Xiaoping said yesterday US President Reagan can take up his invitation to visit China "at a time convenient to him". Mr Deng, speaking with reporters before meeting British Foreign Secretary Lord Carrington, was asked if it it would be a good idea to
        Agencies  -  413 words
    • Article, Illustration
      468 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barber Priam (RO RO) (1100 must starboard a/ side) 46 47 Cherry Molek (0700 26 27 Ham Luong (0800 38 39 Jenson (0700 22 Kota Perwira (0700 after Kota Eagle) 10 11 Nedlloyd Honshu (after Nedlloyd Steenkerk) 3 4 Prima King (0130
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    • 368 2 AP A SENIOR Japanese official is hopeful that US President Reagan's policies will reindustrialise the US and revitalise private business. After all. Japan and America together account for 35 per cent of the world's gross national product," said Kazuo Aichi. Parliamentary Vice-minister for Foreign
      AP  -  368 words
  • Page 2 Advertisements
    • 291 2 1 V 1 1 > v H IH Kx I 1 k 'I THE WORLD -n sxf >)# > a /jr v V»an;< What makes PHILIPS' ILL USTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and
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  • OVERSEAS
    • 388 3 Reuter THE Reagan Administration has voiced increased concern about a possible Soviet military move into Poland after receiving what officials described as sensitive new intelligence reports. Defence Secretary Caspar Weinberger said on Thursday that the Soviet Union had taken actions in the past
      Reuter  -  388 words
    • 173 3 VOLKSWAGEN of America has denied a complaint by the Federal Trade Commission that it failed to inform customers of possible repairs needed on some of its cars produced between 1974 and 1979. Volkswagen said, "We have not had an opportunity to analyse the FTC complaint. However,
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    • 328 3 UPI WEST GERMAN Foreign Minister Hans-Dietrich Genscher has told the Soviet Union that Bonn will observe all Nato obligations to base medium-range nuclear missiles in Western Europe, and warned the Soviets to stay out of Poland. Mr Genscher, who is in the
      UPI  -  328 words
    • 324 3 AP THE UNITED States is prepared to contribute up to half the manpower for a Sinai peninsula peace-keeping force and would agree to formal limits on the scope of US military activities there. A senior State Department official in Washington said
      AP  -  324 words
    • 375 3 Reuter PRESIDENT Reagan's condition has steadily improved after having a bullet removed from his chest and the man accused of trying to assassinate him last Monday was reported by a psychiatrist to be mentally fit to stand trial. Doctors said the 70-year-old President, shot in
      Reuter  -  375 words
    • 478 3 Reuter THE Senate handed US President Reagan the biggest congressional victory of his administration by approving the first stage of his economic package of budget and tax cuts. By an overwhelming vote of 88 to 10 on Thursday night, the Republican-con-trolled Senate approved
      Reuter  -  478 words
    • WORLD IN BRIEF
      • 388 3 Agencies KING Baudouin of Belgium has accepted the resignation of Prime Minister Wilfried Martens and asked Flemish Christian Socialist Mark Eyskens to form a new government. Premier Martens's government, a coalition of Socialists and Christian Socialists, fell apart as the country slid into a grave economic crisis.
        Agencies  -  388 words
  • Page 3 Advertisements
    • 103 3 NDIAN OVERSEAS BANK We speak your kind of language. Internationally. One of the fastest growing nationalised banks in India, 108 has been part of the international banking scene for over 40 years. Offering world-wide banking operations with just the right blend of professional expertise and personalised sen/ice. Our range of
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    • 918 3 MME®- M nSSHJSS EH I APRIL 7th Bth 10th, 1981 CRegcnt of' ZKuaLi Lumpur J Organised by Intraports Systems (Malaysia) Sdn. Bhd. In Conjunction With Business Times. ABOUT THIS SEMINAR This seminar is the first of its type and level to be held in Malaysia. It is organised by Intraports
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  • RAW MATERIALS
    • 288 4 ANOTHER substantial setback was registered this week as prices lost eighteen cents on renewed stoploss liquidation, with current One RSS taken down to 240 cents per kilo in weak conditions before recovering five cents latterly. Initially, says Holiday, Cutler, Bath and Company in its latest
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    • 168 4 SOYBEAN futures in Chicago on Thursday finished up 21 to 24 cents a bushel in active trade. Prices settled on top of a 24 cent range. Extremely aggressive exporter buying in afternoon trade, believed to be purchases against sales to Mexico, prompted local short-covering and carried values to new
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    • 116 4 WHEAT futures in Chicago on Thursday closed near the top of an 8' a cent range, up 5' j to 6 J cents a bushel in revived trade. However, steady chart selling at the May based $4.38 resistance level placed a lid on further gains, sources added. Corn futures
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    • 237 4 THE Singapore market yesterday closed lower on long liquidation and stoploss selling with April One RSS buyers quoted at 238.00 cents per kilo, down seven cents from Thursday's close, dealers said. Morning prices were marked down initially on easier London advices and lack of demand before some short-covering interest
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    • 383 4 RAS prices In cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers In! 1 R.S.S. prompt f.o.b. 234 00 235 OON 235 00 236 00N Int. 1 R.S.S. April 237 00 238 00 238 00 239 00 Int. 1 R.S.S. May 242 50
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    • 120 4 NOON SSR *nd SMR pnc« ycsurdav HAS April (Curreal Mth) (Forward Mth) Buyers Sailers Buyers Sellers SSR 20 <1 ton pallet 1 222 50 *****N 224.50 226 50N SSR SO (1-ton pallet) 219.50 *****N 221 50 223 50N MRELB April May SMR CV (1-ton pallet) 281 50
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    • 85 4 THE STRAITS tin price in Penang yesterday rose eight cents to M 531.91 a kilo, still within the International Tin Agreement's middle range price of $3t.1l to $32.74, dealers said. Despite higher overnight London advices and further baying sapport from Europe, the I T S and locally, the
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    • 34 4 Rubber; April 3 Singapore: April: 238.00 cents (down 7.00 cents) Malaysia: April: 259.00 cents (down 7.00 cents) Tin: M 531.00 per kilo (up 8 cents) Official offering: 246.13 tonnes (up 51.13 tonnes)
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    • 88 4 THE Malaysian Minister of Finance has fixed these rates for the period from Apr 2 until further notice: Rubber: 289 >4 cents a kilo for RSS One; Capra: M 5790.00 a tonne; Palm kernel: $955.75 a tonne; White pepper: $3,639.17 a tonne; Black pepper: $2,262.33 a tonne;
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    • 191 4 CHINESE Produce Exchange, Singapore, noon closing prices per lMkg yesterday. Coconut oil: Bulk fob $117 00 sellers, old drum (in second hand drum) fob $130 00 sellers, new drum fob $136 00 sellers Copra: Mixed (loose) $66 00 buyers Pepper: Muntok white pepper fob Asta NLW $415 00
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    • 197 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cotton yarn: China Blue Phoenix 20s 2.300 32s 2.840. 40s 3,040 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 327 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
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    • 880 4 COFFEE: Robusta futures yesterday ended a quiet featureless morning mixed, with prices £1 a tonne down to £2 higher in low volume, dealers said. Trading was in a very narrow range of L 2 to £4. Dealers said that in the absence of news of physical business the
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    • 131 4 THE Kuala Lumpur market yesterday continued easier in quiet trading despite India's purchase of 10,000 tonnes of neutralised palm oU for June shipment at $555 cost and freight, dealers said. In April, the southern region was unchanged at $955, while in May the central and southern regions were
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  • ASIAN STOCKS
    • 484 4 TOKYO THE Tokyo Stock Exchange average gained 4.22 in heavy trading to close at 7,421.19, a record high for the fourth consecutive day, dealers said. The market rose sharply in the morning on active buying by foreign investors but many initial gains were wiped out
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    • 353 4 THE market yesterday opened higher after the announcement of the record price paid for the first MTR site. Buying strength evaporated quickly and trading turned very dull for the rest of the morning with prices varying only slightly from Thursday's close. A bomb threat closed the Far East Exchange
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    • 324 4 MINES and oils closed broadly higher in heavy trading following substantial overseas buying, firm gold prices and news of the Cooper Basin partners' contract with Idemitsu of Japan, brokers said. The All-Ordinaries index rose 14.1 points to a yearhigh 729 1. the all metals added 20.4 to 644 9.
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    • 196 4 APR 03 Bahts Asia Credit AM* Fibre ISO -1 Ayuthaya In* And Trust Banj*o» Investment Bangkok Bank 270 unch Bangkok Drying And SUo Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd 140 Bala Bern Jucker Carpet InterNational Criaroong Thai Wire Crown Seal Duslt
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    • 139 4 THE stock market yesterday was mixed as commercials and industrials rose while mining and oils eased and turnover sunk to two million from 4.8 million pesos, brokers said. Seven shares were traded and the rest were untraded or unchanged. apr m Peao* A co)* Mlnlnf 006 unch Altai Con
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    • 57 4 FINANCIAL TIMES INDUSTRIALS Thursday 541.9 Wednesday 529.8 Week Ago 518.9 DOW JONES AVERAGE INDUSTRIALS Thursday 1009 01 Wednesday 1014 14 Week Ago 1005 76 H.K.HANG SENG Friday 1409 06 Thursday 1408 85 Week Ago 1441 66 AUSTRALIAN INDUSTRIALS Friday 739.3 Thursday» 734.7 Week Ago 722.0 ALL ORDINARIES Friday
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  • Page 4 Advertisements
    • 164 4 The Straits Times Directory of Singapore general information tab. Keeping tabs on informationyou never know when you need! The Straits Times Directory or Buku Merah (as we are also known) has four generous sections on vital bits and pieces of information you would require now and then. For instance, you
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  • TRADE AND INDUSTRY
    • 134 5 KEVIN Diamond Singapore is venturing into property. Its first project, Kevin House, at the junction of Orange Grove Road and Orchard Road, will be a five-storey building with a built-up area of about 3,000 sq m. The building contract worth $5 million has been awarded to Pyramid Construction.
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    • 450 5 THE construction industry may have to contend with poor workmanship and low productivity with the shelving of the latest training proposal for unskilled workers. The proposal, made late last year amid much fanfare, cannot take off because of a lack of money. It would
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    • 304 5 SEMINARS AND COURSES Apr 1-16: Seminar on Self-Paced Competency-based Skills Training, Regional Language Centre, Vocational and Industrial Training Board Apr 6-29: Certificate in Production Management Module II Work Measurement and Incentive Schemes, NPB Cuppage Centre, National Productivity Board Apr 6-29: Plastic Materials and Additives, NPB Cuppage Centre, National
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    • 158 5 YARRA Films, an Australian producer of documentaries and commercials, has set up a subsidiary in Singapore. The local company, Yarra Films Singapore, is headed by Chris Batson as managing director as well as director-producer. "We have brought in $240,000 worth of studio equipment and
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    • 166 5 PARKING at the new Changi Airport may be a vexing problem for the staff of Singapore Airlines. It may also be compounded by the" distance between various buildings in the sprawling airport. SIA managing director Lim Chin Beng told senior staff at its
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    • 367 5 THE Pata Pacific Travel Marl lo be held at Mandarin hotel later this month may be the largest of its kind, says Singapore Pata Chapter executive committee chairman K C Yuen. Mr Yuen, who is also director of the Singapore Tourist Promotion Board, says more than 800 buyers
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    • 441 5 OPERATING revenue of Singapore Airport Terminal Services increased 9 per cent in the first half of the financial year to September 1980 compared with 13 per cent previously. Sats managing director, M W Anthonisz, said the company was able to cushion the lower rate of increase
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  • Page 5 Advertisements

  • 419 6 MONEY buys less but costs more these days. Inflation, which leads to the shrinking value of money, also leads to high interest rates and increased printing costs, which means that the dollar that buys you your hour's worth of parking or your copy of
    419 words
  • 292 6 FIRST its proposal for an industry training fund fell flat. Then its one-year training proposal hit the rocks. At the rate opposition to the various proposals have built up, it looks like the Singapore Contractors Association will never be able to bring to
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  • 944 6  -  By PEYTON JOHNSON Depthnews ALL LIFE in this multiisland little republic of 62,000 citizens, independent since 1976, moves to the rhythm of the sea. The Seychelles, first settled by Frenchmen and their African slaves and servants moving up from Mauritius in 1770, form an archipelago of
    Depthnews  -  944 words
  • 843 6  -  THE MALDIVES By SUZANNE GREEN UPI IF PARADISE is where the rest of the world ends, it must begin in the Maldives. The series of coral atolls from the Maldivian word atolu, meaning necklace shimmering more than 107,476 square kilometres of Indian Ocean provides an ideal setting for
    UPI  -  843 words
  • Page 6 Miscellaneous
    • 618 6 r i -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Sleep with a bird? (5) 6 Only a penny each? Lovely! (5) 9 Plays the stinker, maybe (7) 10 It's fun, cobber (5) 11 Where some sheep sometimes run? (5) 12 Untidy as an eating-place (5) 13 Separated as below (7) 15
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    • 823 6 TV&-RADIO Four horror tales in one IF YOl T have net had a hair-raising or spine-tingling experience far same time, stay home (ar tonight's midnight ma vies. No, the "s" in movies to not a typing mistake. You will be getting faar horror tales in ane. Sa clean yanr fingernails
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  • 1290 7  -  No hotel can do without a good chef. RAY ANG speaks to Rudi Birchmeier, executive chef of the Marco Polo Hotel. I m HOTEL INDUSTRY 1 rr HOTEL INDUSTRY RAY ANG THE IMPORTANT areas of a hotel can generally be divided into the front-of-the-house and
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  • 1061 7  -  Thailand is all out to get a bigger slice of the convention delegate traffic. But the main obstacle is a lack of convention sites large enough to hold big conferences. WIRASAK SALAYAKANOND reports. WIRASAK SALAYAKANOND WIRASAK SALAYAKANOND Depthnews THAILAND drew 1.7 million tourists last year, but tourist
    Depthnews  -  1,061 words
  • Page 7 Advertisements
    • 135 7 -VS iX/ ts*r u Wfe've soared to dizzy heights Circulation has doubled in three years: an amazing record! Since Business Times was first published in October 1976, it has meant business: providing businessmen in Singapore with a reliable daily source of essential news. Now, circulation has doubled to over 10,000
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  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 267 8 APR 02 Frs CORBEILLE Alr-Liqulde 468 -12 B S N Qervals Danone 1040 -40 C S F (ThomsonC»f) 309 •17 etc Francalw des Petroles 218 -3 Compagnle Flnanctere Compagnle Oenerale 401 -8 Credit Foncler De France 390 90 1.7 Hachette (Ltbralrtel 325 -9 Machines Bull M unch Mlchelln (B)
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      • 148 8 APR 02 Fls ABN 291 00 unci) Ahold 79 30 2 Akxo 23 SO 0.8 AMEV 9170 04 Amfu 102.00 unch Amrobnk 5«OOxd -15 Bergoss Berk Bo Is 55-10 -15 Borsumg Burhmann C aland 3150 12 Calve Delft Dell MU 75 50 25 Ennla 143.70 0.7 Fokker 4i40 0.4
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      • 221 8 APR 02 Dm Aec-Telefunken 8050 1 Akxo 30 90 05 Alls Leben 1070 00 -10 Alls Vert 487 00 15 BASF 136 50 IJ Bay H T Wbank 202 00 1 Bay Vbank 288 00 unch Bayer 122.30 2.4 BBC 256 00 12 BMW 168-50 5.5 Casaella ***** J
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      • 94 8 APR 02 Ft* FORWARD MARKET Arte 288 -10 Arbed 1298 M Astur 386 7 Bruc&n 1030 ♦34 Bru-L&mb 10TD Can par IMS 63 Cock ias I De Beers 33ft Ebet 16S0 35 Electrobtl 2KB 25 Ob-Inno-Bm 1906 -S Qt* IX* unch Hobok 2350 25 Petro 4810 -TO Rjrl Dutch
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      • 182 8 APR OS Francs Aruons Sullies Aluiuliae Br. Alusume Ret 1120 2970B 1 20 Brown Boveri Br Clba Oclcj Br Clba OeltT PC Cite Oclc R«t Credit Sulne Br Credit Suisse Ret Elektrowatt Br Otorp FUchrr Br Globus Pc M.m Rr 1440 1190 «70 579 2350 419 2425 730 MSB
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      • 102 8 APR OS Lire Anic 060 0 Amoc Oen *****0 4560 Baslofl 001 05 Central* 8450 051 Flat 2308 29 F insider 92 Z2S Gen Immob 2390 9 in Prt 7486 -0 Italeemenu ***** 206 lLaJf&j 1134 3 llalstter 300 -0 5 MafneU M Pf 1100 50 Marvin Ere 288
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      • 209 8 APR 02 C Abtubt f ri* ib 17** -H -H XT. 8S uneti Alcan < Alfomi i Bank Mont 2 Bank Nov* Scotia 3 Bell 1 Beth Corp BP Can Lid < B rase an 2 12 -H H uncti Camp R*<1 Lake < Can Imp Bk BH -<*
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      • 307 8 APR 02 Rand INDUSTRIALS A Alpha 450 unch Abercom 380 S AC And CI M6 unch amic 2800 -so Barlows 1085 -5 Cf Sufar 1800 -25 CNA 51SB unch Currle Finance 230 -2 Dr Be«r* Ind Edcon 880 unch TWO -so EvenJad? Fed Votk 500 unch Pyjll 255 unch
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  • Page 8 Advertisements
    • 141 8 Where to wine,dine and entertain i The American Express Card. Don't leave home without it. Snacks for your island treks l A Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef 4 Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday
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    • 160 8 ftfilitm JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 pm. 10.30 p.m. For reservations call *****17 jw(s> «-nUu-\ Ihu'k SlHiiMtiii Sui^iiihni' Sheraton hotels and inns wo«ld/.<de 1. 1025 Te< *****'? OPERA'SOB* "SW FISH HEAD CURRY AT THE ISLANDER From an
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    • 133 8 See Page 4 for Asian stocks and Page 9 for NYSE prices The Great Family Do-lt-\bursetf Barbecue ?3#*£ < SaturckiN rwht Pootsideatcheoberoi |uM choow what you want and tMTbecur it MM. sestood vaUdv uucn CW i hjt and apron <v«iUbte 112 tor adufo SIS♦ for«ic«icMd under 12 Anytime from 7
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    • 127 8 Inn Of Happiness Dine Dine Cantonese style. Szechiian 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. 2lsfi > l r < -JfT* n <? D/ne
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    • 125 8 Whatever your taste, the Cockpit Hotel makes it great. 7* Dragon Palace Restaurant Siamese Seafood We re famous for our Raataurant Cantonese Cuisine The Siamese Seafood Restaurant is as good as Bangkok! 5 Victoria Bar The Coffea-Houae Relax in an atmosphere of For informal meals and elegant days gone by
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  • BANKING AND FINANCE
    • 563 9 THE US dollar saw no definite trends on the local market yesteday. Trading was generally quiet, especially in the morning but picked up in some currencies during the later part of the day. The dollar opened at 2.1253 63 against the mark and weakened slightly before closing on
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    • 221 9 SINGAPORE gold futures yesterday closed generally firmer in quiet trading in line with the metal's rise in overseas markets, dealers said. Total sales for the day was recorded at 93 lots. Prompt closed stronger at U*****.00/525.50 an ounce against 518.50/519.50 on Thursday, June at 536.50/538.50(531.60/80) and August at 551/552
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    • 38 9 Than Wed New York 12 05B 12 OOB 12.35S 12.30S Zurich 12.10B 11.96B 12 40S 12.25S Frl Thars Singapore 12.15B 12.00 12.55S 12 40S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
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    • 177 9 THE US dollar for overnight delivery yesterday closed at 213.65 yen, down from a 213.80 opening and compared with a 213.55 75 closing in New York overnight, after touching a four-month high of 214.20 yen in early trading, dealers said. But this was up from a 212.60 closing here
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    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.77 per cent.
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    • 198 9 ASIAN ASIAN currency deposit interbank rates as at close on Apr 3. US Dollara(Spoi) Offer Bid 7 days 14 k 14 1 i 1 month 14 9/16 14 7/16 2 months 14 11/16 14 9/16 3 months 14 i 14' i 6 months 14 k 14'.. 9 months 14. 14.
      198 words
    • 48 9 RANGE of prices offered by discount houses on Apr 3: Overnight: S to7'« < Call deposits: 6' r <» to T Clotiaf Buying Selling 3-month Treasury bills 6't 6'» 3-month Bank bills 11 7/16 11 5/16 3 months CD 1013/*****1/16 6 months CD 1013/16 1011/16 Source: National Discount Co
      48 words
    • 132 9 THE US dollar yesterday fluctuated against the mark in nervous late trading, dealers said. Early European buying saw the US unit jump to 2.1270 80 marks before dropping back to trade around its early 2.1235 40, still above New York's closing 2.1185/1215. The dollar slipped slightly against other major
      132 words
    • 51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 6 to April 10: Offered: $90,000,000 Applied for: $146,000,000. Allotted: $90,000,000. Accepted bids: $96.36 approximately 67 per cent and higher bids in full. Average rate of discount on allotment: 6.580 per cent per
      51 words
    • 58 9 Opening quotes yesterday US 2.2100/15 Can 2.6150 84 Cross 1.1830 33 D Mk 4.7025 75 D F1 5.2100 75 S FY 4.2825 3025 B FY (con) 77.06/18 F FY *****5,1175 Lit 2337.00 2349.50 Yen 471.94 472.92 D Kr 14.8050 225 NKr- 12.0100 250 S Kr 10.2375 500 Aus sch
      58 words
    • 658 9 THE BANKING community in Kuala Lumpur was subdued in its reactions to the marginally higher interest rate ceiling of 10 per cent per annum allowed on loans for buying houses costing below Msloo,ooo. Local and foreign bankers alike felt that an increase came
      658 words
    • 270 9 Agencies. BARCLAYS Bank Ltd has filed with the US Securities and Exchange Commission a registration statement for a proposed public debt issue of US$l25 million of guaranteed notes due in 2006, a bank spokeswoman said. This is the first public offering by Barclays in the US and
      Agencies.  -  270 words
    • 33 9 MARINE Midland Bank has received approval to open a full-service banking office la Seoul where it has had a representative office since 1172. It plans to open the full-service office next Tnesday.
      33 words
    • 421 9 Reuter THE WORLD body which gives easy loans to the poorest developing countries will have to hold up the signing of new credit because governments have not come forward quickly enough with funds. The International Development Association (IDA), the soft loan agency of the World
      Reuter  -  421 words
    • 1039 9 NEW YORK stock prices on Thursday eased in active trading as some recently strong groups such as oil, defence, high technology and blue chip sectors were hit by profit-taking. The market rebounded sharply on Tuesday and Wednesday after a drop in the three previous sessions
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    • 313 9  -  By WONG AI KWEI THE DEMAND for house and motor vehicle financing grew substantially in January and is likely to continue unabated as interest rates are expected to ease. Outstanding loans by the 34 finance companies rose to an impressive $2,489.1 million in January,
      313 words
    • 301 9 Reuter POLISH officials are confident agreement can be reached with Western banks and governments on rescheduling the country's debts before the target date of June, banking sources said. Polish officials, led by Jan Woloszyn, vice-presi-dent of the Polish State Bank for Foreign Trade, finished two days of talks
      Reuter  -  301 words
    • 38 9 Reuter. CHASE Manhattan Bank chairman David Rockefeller expects interest rates "to continue to drift lower". He said the future of interest rates depends on US economic policy, Federal Reserve action and inflation rates. Reuter.
      Reuter.  -  38 words
    • 119 9 Reuter. FRANCE may remove or reduce its five per cent reserve requirement on nonresident deposits if the franc comes under pressure in the run-up to the presidential election. Bank of France sources said such a move is being studied and any decision will depend on the
      Reuter.  -  119 words
  • Page 9 Advertisements
    • 494 9 NOTICE iSff/g &taia> (MALAYSIA) BERHAD (Incorporated In the Federation of Malaya) PRELIMINARY FINAL REPORT The Directors of Bcrta (Malaysia) Berhod have pleasure in announcing the audited results of the Domestic 69.388.905 Sb.tWO.WB Export I 8.960.588 I 9.279.290 Total Not earnings before tax After Charging: Depreciation of Fixed Assets Salaries, Woges
      494 words

  • 2192 10 BID and otter 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 (3 388
    2,192 words
  • 183 10 SINGAPORE LTWT TRUST OUR-MONTAGI u— t The Commerce tar A pr 384 404 (Ma—gen' arte— l< Union Spore Fund «r Apr 4 A <) I COxd l Bxd The Savings Fund 2 11 2 22xd S pore Prof? Fund 162 170 INCOME BOND UNIT S pore See Fund
    183 words
  • 2786 10 Gr'» Gr"« Net 1MUVKM1 La»t Div Div Y*ld P/E Vol Day High 1 Low Company Sale er- C'vr ('OOO) Hi jn L/OW SECTION ONE INDUSTRIAL COMMERCIAL 360 320 Acma 338 unch 14.5 2.8 4.2 13.7 2 340 338 Alcom 300 12.0 2.5 4.0 17.0 209 130 Allied
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  • 2184 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified INDCBTBIALB AJUIIMI 3 20B) (1)3 30 AkM (1)2.91 A Ckw (2.245) (3)
    2,184 words
  • 722 10 SHAKE prices opened weaker yesterday m sews of probable military flare-up la Thallaad, t—tilling nervousness amoag lnvestsrs. The market became jittery when the ousted Thai Prime Minister Prem Tlasulaaoda threatened t*> nse feree to end the tws-day old coup. Gen Snat's (the coup leader) army had
    722 words
  • 586 10 THE Kuala Lumpur stock market moved mixed to marginally steadier yesterday despite intermittent bouts of profit-taking. Selected stocks and volatile lower-liners, in particular, continued to gain ground on light buying interest. Prices were struck lower at the start on poor spillover sentiment following the weaker
    586 words

  • COMPANY NEWS
    • 433 11 ROXY Electric Industries (Malaysia) Bhd, makers of Sharp and Telefunken television sets, Hi-Fi equipment and other electrical goods, is confident of a continued buoyant demand for its products and expects to maintain its profit in the current year. Chairman Li Dak Sam says current
      433 words
    • LATEST RESULTS
      • 65 11 has declared an interim dividend of 20 per cent less 40 tax for the year ending April 30, 1981. Payment will be made on May 6 to all shareholders on the company's register at the close of business on April 25. The company's transfer books
        65 words
      • 102 11 has announced that its profit for the year ended Dec 31, 1980 was 5.3 per cent higher than in 1979. Pre-tax earnings were $8.3 million compared with $7.9 million previously. The higher profit was derived from an expanded sales revenue of $78.3 million, 15 per cent more
        102 words
    • In Hongkong...
      • 58 11 has announced a consolidated net profit of HK$lB.l2 million ($14.37 million) for the year ended Dec 31. A final dividend of 40 cents (30 cents), making a total of 55 cents (40 cents) will be paid. Earnings per share works out to 75 cents (60 cents). The company's
        58 words
      • 202 11 Reuter has an- nounced a final 1980 dividend of 43 cents per "A" share (34 cents) making a total of 60 cents (51 cents) and 8.6 cents (6.8) per "B" share, making a total of 12 cents (10.2 cents). Its books will close on May 15 to June
        Reuter  -  202 words
    • 261 11 MEGA Chemicals Bhd has planned to change its name to Supreme Plantation Industries Bhd at a forthcoming extraordinary general meeting. The company said in a despatch to the Koala Lumpur Stock Exchange that the name change Is Intended to project a corporate identity within
      261 words
    • 739 11 NYT For a stock market tuned acutely to any news of undervalued resource stocks, the announcement issued in Honolulu on March 16 lighted up the eyes of investors and speculators alike. The management of Dillingham Corp said that directors, subject to confirmation of certain tax
      NYT  -  739 words
    • 968 11  -  r 1 Market Talk... By THE CITY STAFF THE outlook for the plantation sector is "fundamentally sound" over the mediumterm, according to London stockbrokers Simon and Coates. The relative strength of rubber prices, the arresting of the downtrend in palm oil prices and enhanced asset backing
      968 words
    • 225 11 THERE is a lot of speculation now in the City of London concerning oriental businessmen. Dunlop, the troubled giant has chosen April 23 to announce its 1980 results and, as everyone knows, a fair share of Dunlop is in Malaysian hands. Speculation is that Dunlop
      225 words
    • 328 11 Reuter FLUOR Corporation has outbid the distilling firm of Seagrams for what could be be the second-largest takeover in American business history, the St Joe Mineral Corp announced recently. St Joe, fighting a US$45-a-share takeover bid from a US subsidiary of the Seagram
      Reuter  -  328 words
    • 188 11 PACIFIC Development Credit Berhad: EOGM to be held at 9th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur on April 6 at 3 pm. MALAYSIAN Amerelan Assurance Cam pan y Berhad: AGM to be held at 30th Floor, KL Hilton Hotel, Jalan Sultan Ismail, Kuala Lumpur on April 9
      188 words
    • 915 11 mm*** by HOCK LOCK SIEW ALMOST everyone knows that the stock- i broking business is unpredictable and i sometimes dangerous but people get carried away by the euphoria when the market gets overly bullish. < Statements like: "Even fools can i make money in a bull market"
      by HOCK LOCK SIEW  -  915 words
  • Page 11 Advertisements
    • 398 11 Abrams ARTBOOKS A selection of 3 great works THE LANGUAGE OF GRAPHICS This dazzling collection brings together an extraordinary display of graphic design, from its early beginnings to the present day. Lively text by Daniele Baroni deal with every aspect of our image-centered culture. Design is the prime ingredient in
      398 words

  • 365 12  -  By RUTH CHENG BEN SUNSHINE Dairies (Private) Limited, a wholly owned subsidiary of Ben and Company, has sold its only property and major asset at Jurong for $1.95 million to OnHock Provision Company. The disposal is in line with Ben's objective to divest from
    365 words
  • 212 12 STRAITS Steamship will be appointing Mr Kerry St Johnston (right) as nonexecutive chairman of the company. He will succeed Mr John Gilmour, who will be retiring as chairman and chief executive at the company's annual general meeting on April 30. Mr Gilmour will also be
    212 words
  • 314 12 MALAYSIAN Finance Minister Tengku Razaleigh Hamzah yesterday announced several guidelines to help small businessmen, especially bumiputras, to obtain loans amounting to Ms6oo million this year from banks and finance companies. Out of this, $260 million would be soft and guaranteed loans
    314 words
  • 549 12 Agencies TROOPS loyal to Thai Prime Minister General Prem Tinsulanonda rolled into Bangkok yesterday, ending a two-day military coup attempt and scattering rebel leaders. Civilians cheered both the Prem troops in their blue neckerchiefs and red armbands and revolutionary forces who surrendered without a
    Agencies  -  549 words
  • 283 12 Reuter PRIMARY Industries Minister Paul Leong has ordered the Malaysian mines inspectorate to instruct gravel pump tin miners to temporarily suspend operations for safety checks. The order follows the death of 26 people in three landslides in tin mines in a recent 10-day period.
    Reuter  -  283 words
  • 195 12 UPI THE OLD Joke that Bangkok could never be invaded because enemy vehicles would be trapped in the traffic tnmed Mt to be tme yesterday. As troops loyal to Prime Minister Prem Tlnsulanonda were In the middle of their operation to end
    UPI  -  195 words
  • 903 12 LONDON, Fri. Equities were mixed today, while government bonds were little changed after a dull session, dealers said. At 3pm, the Financial Times index was down 0.8 point at 541.1 The situation in Poland may have been an inhibiting factor, though the market was probably pausing for breath
    903 words
  • 77 12 AP NEW YORK, Fri. The stock market was little changed this morning. The Dow Jones average of 30 industrials rose 1.26 points to 1,010.27 in the first half hour. But losers took a slight lead over gainers in the early tally of New York Stock
    AP  -  77 words
  • Page 12 Advertisements
    • 571 12 NOTICE ezSS FAR EAST-LEVINGSTON SHIPBUILDING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at its Registered Office at 31 Shipyard Road, Jurong Town, Singapore 2262 on Monday, 20 April 1981, at
      571 words
    • 185 12 V ■P' ECONOMIC v DEVELOPMENT in SOUTHEAST ASIA mm sisxil ETTtsv ALSO AVAILABLE ECONOMIC DEVELOPMENT IN SINGAPORE Published distributed by rrr% FEDERAL PUBLICATIONS jyj ew industrial Road, Singapore 1953 1 f\P J A member of the Times Organisation LIM CHONG-YAH This book contains thirteen articles on economic issues of Southeast
      185 words
  • Page 12 Miscellaneous
    • 60 12 iWEttT.HER; Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hoars prior to 7.31 pm on April 3 at the airport. Maximum temperature 34.0 Associated humidity 61 Minimum temperature 24.3 Associated humidity 97 Hours of sunshine 6.55 Rainfall in millimetres Trace Total rainfall for
      60 words

  • LEISURE TIMES
    • 1431 13  -  Weekend Gourmet By RAY ANG "WHO's killing the great chefs of Europe?" Certainly nobody, as more and more chefs flood the market everyday. From France, Switzerland and Germany, there seems to be a constant stream of great chefs, and from this stream comes one Anton
      1,431 words
    • 762 13  -  Out of curiosity, LILLIAN CHEW went to see what the second season at Cherating would be like. DESTINATION LILLIAN CHEW ON A RE-VISIT, Club Mediterranee at Cherating is still fun. It provides that very much-needed escapist holiday for the over-work-ed, over-tensed
      762 words
    • 252 13  -  By WONG AI KWEI SOMETHING for the independent young lady executive is a whole collection of the latest Anne Klein co-ordinates suitable for office and for casual nights out. Anne Klein's Spring Summer '81 collection, described as "Classics with class", promises a range of clothes which are
      252 words
    • 1073 14  -  CHARMAINE CHAN IF YOU still haven't given the "Bowl your way to the USA" Columbia 300 Tournament much thought, you've still got five days' grace as the qualifying rounds start concurrently at eight alleys on Wednesday, April 8. And why should you consider competing?
      1,073 words
    • 310 14 Reuter RACE-HORSE trainer Josh Gifford will finally exorcise the Grand National jinx which dogged his long and successful career as a jockey if Aldaniti wins Britain's specatcular steeplechase at Aintree today. The 11-year-old, 11-1 in the betting yesterday morning, is a bold, strong jumper and Gifford
      Reuter  -  310 words
    • 84 14 THE PUBLIC Is Informed that the squash courts at the National Stadium and the Railing Squash Centre will be closed on April 5 and 19, May 1? and SI (all dates (all on Sundays) between 8.31 am and spm to allow for the servicing of high tension
      84 words
    • 312 14 TODAY GOLF: Sembawang: The competitors in the club's Individual Matchplay Championship finals will compete for the top places this morning. SICC: The strokeplay monthly medals competitions for this month will be held at the following courses:- 'A' at Bukit, 'B' at Island, 'C' and 'D' at the
      312 words
    • 661 14  -  Do you know that almost all the prizes offered at the 1981 Singapore Open Gold Championships were nearly won? CHARMAINE CHAN turns back the clock to the day when CHARMAINE CHAN THE 20th Singapore Open Golf Championships was one rare occasion when almost all
      661 words
    • Article, Illustration
      1093 14  -  S'PORE-MALAYSIA INTERNATIONAL By RONALD KOW THIS would have been a weekend of rest for both the national soccer team and the local football fans. For three consecutive Sundays, the home fans have had to make a trip to the National Stadium when, ideally, it should have been every
      1,093 words
  • Page 13 Advertisements
    • 104 13 BUSINESS TIMES GIVES YOU THE EDGE oa \i: r l*A ii K THE 1981 Singapore Open Golf championship ended last weekend. CHARMAINE CHAN looks back to the day when Kim Buck Song broke the fiveyear Bukit course record with a record of 64; to the day when Terry Gale also
      104 words
    • 10 13 BUSINESS TIMES When we say business we mean just that
      10 words
  • Page 13 Miscellaneous
    • 372 13 WHAT WHERE FILM SHOWS ROBERT de Niro was in the news recently for winning an Oscar award for best actor. Previously for his role in The Godfather Part n, he emerged best supporting actor. A chance to see him and A 1 Pacino will be given on April 5. The
      372 words