The Business Times, 5 December 1981

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, DECEMBER 5,1181 60 CENTS
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  • 324 1  -  By SALMA KHALIK PERSONNEL development will be given the same priority in the 1980s >as capital resources were in the 1960s and *****. This is in recognition that the key to higher productivity lies not only in better machines, improved management systems and techniques
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  • 255 1 THE completion of the first GOO units of Housing and Development Board executive flats will be delayed and there is a slight confusion over the extent of the delay. Applicants have been told that the flats would only be ready in early 1384 a delay
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  • 411 1  -  By WONG AI KWEI ABOUT 200 coffee-shop operators, tailors, retailers, traders, caterers and restaurant operators can be expected at Hill Street on Dec 21. For the first time, they will be attending a seminar on how they, small businessmen, can best keep their businesses alive in
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  • 487 1  -  By LEE YOKE MENG AT LEAST $2.2 million worth of premiums could be netted by the Asean Reinsurance Pool which will be launched here in January. This estimate is for the pool's first year of operations. Its success in future could also prompt a similar reinsurance
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  • 322 1 THE Singapore worker is "smug about his academic credentials, uninterested in further training »wrf reluctant to accept criticism." This unflattering picture of the Singapore worker was painted in the latest issue of an American business weekly, Busineas Week. In a short story entitled Affluence is
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  • BRIEFLY...
    • 50 1 AFP KOTA KINABALU, Fri. Malaysia will follow a common time from next year the Sabah/Sarawak time which is half an hour ahead of the present time in Peninsular Malaysia. Deputy Prime Minister Datuk Musa Hitam said the Cabinet agreed to this as a step towards national integration. AFP
      AFP  -  50 words
    • 78 1 THE International Natural Rubber Organisation (Inro) again mario its presence felt in the Singapore rubber market yesterday with a purchase of about 500 to GOO tonnes of rubber for its buffer stock. Inro paid 164 Singapore cents per kilo for SSR 20 and the same price for RSS
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    • 73 1 PARASATI.ING, hang-gliding and other such activities are now prohibited in and around Singapore. The Department of Civil Aviation, Ministry of Defence and Port of Singapore Authority have considered all areas for such sports. But they were unable to find a suitable site. The PSA said yesterday that the
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    • 86 1 UPI WASHINGTON, Fri. Unemployment climbed in November to 8 4 per cent, with more than 9 million Americans out of work, the government said in a new report that indicated a deepening recession The overall rate was the highest since the 1974-75 recession, and joblessness among teenagers reached
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    • 83 1 NEW YORK, Fri. The New York Comex, the largest gold futures market in the US, is investigating rumours which swept financial markets on Wednesday suggesting President Reagan had suffered a heart attack. A spokesman for the Federal Bureau of Investigation indicated that an agency investigation is also in progress
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    • 80 1 UPI MIRI (Malaysia), Fri. Sarawak Shell Berhad has allocated $475 million for the development of two gas fields, the first of which is already near completion in central Luconia in Sarawak. The second gas field, a self-con-tained production complex, about 40km from the first, is expected to come
      UPI  -  80 words
    • 55 1 Reuter BRUSSELS, Fri. China has offered to sell uranium to the European Economic Community, as long as it is used for peaceful purposes, senior EEC officials said today. The offer, a reflection of the community's growing links with China, was made during a visit of European geologists to
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  • 230 1 GM SINGAPORE kaa m ptoaa to lay eff aay at ha IJtft >toff hare tMhngk Ha parest cwnpMjr, Geaeral toy an aeue lljm aataH* ■««LM. M I IMII I I wwrmcri wvnowHf, la toet, toe toeal maaaItotor af ear raile riaipi
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  • 457 1  -  ay ALVIN TAY THE Business Times' prime rate index is expected to register a new 15-month low of below 12 per cent by Christmas as a fifth round af decreases is now imminent. Banks wilh be pressurised to trim their rates further in
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  • Page 1 Advertisements
    • 245 1 WW m > I Kill ii vi i i IEMDST HONG Leong Industries Berhad has brought two more companies within its fold through share swops valued at M 596.71 million Page It MALAYSIAN banks giving loans to their directors and to companies in which their directors have interests must do
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    • 217 1 Swing With A Perfett Z The form and function of many things are often rated on a scale of 1 to 10. H This includes Olympic competitive scoripg, pretty girls... and golf clubs. That's why Lynx named its newest, hottest model golf club"lo\ These new-design woods and irons were created
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    • 0 1 [^%`}+},.`}{=`|^$<%!$~%:_+{{=%!
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    • 70 1 0^ Ss> NG OSPA LD >9, 1 w:vy STANLEY LEASINGHAM At the Clare-Leasingham Valley, nature conspires with man to produce a vintage. Rich qrape juice ieft to mature and magically 'ransfnrms nto .vine that s mel'ow and smooth to taste. STANLEY LEASINGHAM 1980 RIESLING now ready to be savoured anv
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  • BANKING AND FINANCE
    • 456 2  -  By ALVIN TAY WITH the recent sharp fall in banks' prime lending rates, the yield curve for fixed deposits placed with financial institutions has now returned to normal. Before the recent decline in prime rates, flnawHui institutions paid higher rates for short-term fixed deposits,
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    • 463 2 Reuter BORROWING on international financial markets in 1982 will probably increase only marginally to between US$l3O and $135 billion from the expected $130 billion this year, but will be well 4bove the $118 billion raised last year. The 1981 figure excludes the increase in borrowing by major
      Reuter  -  463 words
    • 189 2 FUJI Bask tapped the Astaa dallar flsatlag rale eertOeaies «I depsslt market far the IMb One yesterj»>y with a UBW mUhsa Lead g*-g the lane y First Chleage Asia Merchant Baak with PU lateraattsMJllaaaee (HK) as The P*J FRCD will have a matartty ti
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    • 91 2 ■ONGKONG and flhssahsl ■asking Carp and Chartered Bank Lid wfU est «heir age pstsi la if peMMsi (rem 11 per.eeal (Teas Dee T. Ike Hisrfc—i AaadaiiM ef Banks saM it is alas eatting lipidi rales by between ane and I-Vi percentage paints (ram Dee 7.
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    • 522 2 MALAYSIAN banks giving loans to their directors and to companies in which their directors have interests must do so under terms no more favourable than those given to the banks' other customers, under changes proposed on Thursday to the amendments to banking legislation
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    • 198 2 Reuter THE United States Treasury and Federal Reserve did not intervene in foreign exchange markets (or their own account in the AugustOctober period, but did intervene as agent on behalf of foreign central banks. New York Federal Reserve Bank senior vice president Sam Cross said.
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    • 101 2 Reuter THE time is right far R»wfc o( Japan (BOJ) to lower its official discount rate from 6.25 per cent, said Japanese International Trade and Industry liinhtw Shintaro Abe yesterday. But central bank said no decision has been taken to reduce the discount rate,
      Reuter  -  101 words
    • 337 2  -  By LILLIAN CHEW THE first American borrower in the Asian dollar market. Hospital Corporation of America, has priced its fixed rate bonds at 99 Vi per cent. With a 15 Vi per cent coupon, the current yield on the issue is 15.58
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    • 142 2 AFP BRITISH unit trusts which specialise in investments in Japan and other Far Eastern countries remain the most profitable. The British magazine Planned Savings said unit trusts with big Far Eastern investments occupy the first 10 places of a list containing all 433 British unit trusts ranked
      AFP  -  142 words
    • MONEY AND EXCHANGES
      • 465 2 THE local foreign exchange market had a very quiet day yesterday as it was a Friday and trading was usually thin towards the end of the year. The Singapore dollar remained relatively stable. Against the local dollar, the US unit opened at 2.0490. It reached a low of
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      • 183 2 THE US dollar for overnight delivery In Tokyo yesterday closed at 215.80 yen after a 215.40 opening. This compared with the 215.90/216.10 finish in New York and 215 60/90 on the US West Coast overnight and 216.00 in Tokyo on Thursday. Trading was moderate with a volume of $1.06
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      • 22 2 THE tTertfe rate at which major Singapore baaka are currently prepared to lead to their beat cuatomers is 12.9 per ceat.
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      • 170 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec 4. USMUnKSpt 7 day* 12 7/16 12 5/16 1 month 12H 12H 2 month* 12H 12H 3 month* 12 11/16 12 8/16 6 month* L3 12 H months 135/16 133/16 12. months 13* is** SwJtm. Dm 1 month
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      • 8 2 MM W» I Source: National Discount Co
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      • 51 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issiMid from Dec 7 to Dec 11: Offered: 1150,000,000 Applied tor: $289,820,000. Allotted: 1150,000,000. Accepted bids: $98.94 approximately 97 per cent and higher bids in full. Avenge rate «f dlscsaat sa aUstmeot: 4.215 per cent per
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      • 145 2 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading, dealers said. Prices were marked up between US$5 and $6 an ounce at the outset reflecting the metal's rise in New Cork overnight and in Hongkong yesterday morning and thereafter the market firmed slightly, they
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      • 32 2 New York UB (SOB IMS I.57S Zurich 8J7B MB 1.478 UK ra TfcOT Singapore UBB 8.TB UBB ft VK ClMtaf pric is US toQan troy anna Source: Credit Suisse, S'pore.
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      • 206 2 THE US dollar in Hongkong yesterday recovered from its early lower levels against most major currencies in late trading, though rates were still below the New York close. The late dealings were quiet with some slight shortcovering ahead of the weekend supporting the dollar. The US unit firmed to
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      • 110 2 THE US dollar in London yesterday showed a weaker tone in quiet opening trading after Thursday's one point cut In the US discount rate to 12 per cent by the Federal Reserve. However, the dollar's movements were limited and trading nervous as the market tried to absorb the flurry
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  • Page 2 Advertisements
    • 126 2 I I 'f not nutritionei enough for proper growth. And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than that to widen his knowledge. V J TIME-LIFE has a series of books on various topics suitable to
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  • TRADE AND INDUSTRY
    • 336 3 THE PRODUCTION of specialty chemicals is strongly encouraged by the Singapore Government because it is service-oriented, less resource-dependent, and less prone to price fluctuations, said Mr Lau Ping Sum, political secretary of the Ministry of Health. Mr Lau was speaking at the opening of
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    • 178 3 HEALTH Care Asia, a fourday international exhibition on health care and hygiene, will be held at the World Trade Centre in Singapore from Feb 17 next year. This is the first event of its kind to be staged here. It will feature exhibits such as food
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    • 127 3 AN EXHIBITION on waste recycling which opened yesterday in Singapore comes at a very appropriate time. The use of raw materials and energy in industrial production without effort to recycle the huge amounts of waste, means a destruction of our environment. As such, the exhibition is very
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    • 415 3  -  By LIM SOON NEO BOTH Ngee Ann Technical College and Singapore Polytechnic wiD be expanding their campuses to tackle the task of training more technicians to meet projected manpower requirements by the mid-188Qs. A spokesman for Ngee Ann Technical College said that the Council on
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    • 341 3 SEO-IL CONSTRUCTION, a South Korean newcomer to the Singapore construction market, yesterday signed an |18 million contract to build a nine-storey office-cum-shopping complex. The contract is for the $40 million Midlink Plaza at the corner of Middle Road and Queen Street. It was awarded by Midlink Development,
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    • 133 3 THE NEW official logo at VICOM will remind cars going (or inspection there of the centre's thorough and stringent inspections. Designed by Mr William Lee, the logo shows a "correct tick" shape to symbolise the passing of inspections and the alphabet "V" shows four lanes which represent
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    • 324 3 SEMINARB AND COURSES Dec 2-23: Data Processing and Management Information Systems, Cuppage Centre, NPB Dec 2-23: Industrial Relations and Collective Agreements, Cuppage Centre, NPB Dec 2-17: Computer Data Processing, Cuppage Centre, NPB Dec 7-8: Finance for non-financial Managers, Hilton Hotel, Price Water house Associates Dec 7-11: Workshop on
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    • 210 3 ACCOUNTTNG tasks can be computerised in the Chinese language and the Chinese press can now do their editing on the screen with the introduction of the Dragon Chinese Character Computer System. The Dragon computer systems, a breakthrough in Chinese computerisation, can generate more
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    • 52 3 THE Asian Mining '81 Exhibition has convinced international mining companies of the vast mining opportunities in the largely untapped mineral deposits in South-east Asia. Saks at the exhibition totalled well above $3.3 million and many exhibitors have announced plans to appoint agents or to set up offices
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  • Page 3 Advertisements
    • 307 3 IF YOU'RE ANY GOOD, IT SHOULDN'T MATTER IF WE'RE LOCAL. Deciding to join a local advertising agency is often as difficult for the individual as it is for the agency to appeal to the right kind of talent. Sadly, there are too few advertising professionals with sufficient confidence in theirability
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    • 204 3 <■ I, H"!^^ P v&»<r7* V<> k- > 1 S A My Ki ?W$ HS&hptiiisme :o'\i J *2 iT* 'J" Hg&F l v. "X \JS2L:iI2*S .■■ts&Sßto v .v*< v V-iS > r&grw •..*•<:'.*-:*:W ">■<•> mmmrnm '/.-St r vnT -l :< h S V, *|5&; tig ii®l TBtrr yv T :C
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  • OVERSEAS
    • 255 4 DATUK Serl Dr Mahathir Mohamad has announced a new policy to bumiputra businessmen, particularly members at the Malaysian Malty Chamber of Commerce and Industry. The Prime Minister said under the policy the government would give priority to businessmen who were members of the chamber in
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    • 423 4 Reuter THE LEADER of Kampuchea's principal nonCommuntst group and Prime Minister of a proposed insurgent government Wealed to the United States on Thursday for more aid to offset Chinese and Soviet backing for his rivals. Son Sann, leader of the Free Khmers.
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    • 133 4 Reuter CHINESE partners in Joint ventures on the southern island of Hainan will claim smaller proportions .of the profits than usual in an attempt to attract more foreign investment, the new Chins News Agency reported. It said this was one of the measures decided
      Reuter  -  133 words
    • 269 4 UPI INCUMBENT Kurt Waldheim of Austria has withdrawn bis bid for an unprecedented new five-year term as United Nations Secretary General. But in a cautiouslywarded letter' to the UN Security Council, be left open the possibility that be could be drafted for a limited period if deadlock in
      UPI  -  269 words
    • 503 4 Reuter > JAPAN'S gross national product (base 1975) rose a real 0.6 per cent in the July/ September quarter from the previous quarter, when it rose an unchanged 1.2 per cent, the Economic Planning Agency said. In nominal terms, the July/September
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    • 157 4 Reuter PRESIDENT Reagan plans to urge major US steelmakers to withdraw threats to file charges that foreign companies are selling subsidised steel in the US. At a Senate subcommittee hearing on Wednesday, Mr Sanford Unger, the general counsel of the Commerce Department, said the steelmakers
      Reuter  -  157 words
    • 500 4 Reuter THE MOBIL Corporation suffered a severe setback in its attempt to acquire the Marathon Oil Company when a federal appeals court refused to lift s temporary injunction barring the takeover. Mobil, the second largest US oil company, has been battling the
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    • 763 4 ARRIVALS Service Local Operator Number Time Proa PAA PAOIB CAL CB33 Cargolux CV796 MAS MH601 SIA SQ101 MAS MH8U MAS MH671 mas mh6» SU SQ201 MAS MH651 CAL CB14 CPA CX710 GU GA960 SU SQ103 GU GA930 THAI TG403 PAL PRSOl SU SQUl MAS MH681 MAS MH682
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    • 299 4 UPI THE US Senate has approved production of the new B-l bomber, hamtin» President Reagan a major victory for his policy of modernising and strengthening America's strategic nuclear forces. After a seven-hour debate on Thursday, and by a 66-28 vote, it approved
      UPI  -  299 words
    • 388 5 AP TAKING Japan's lifetime employment system one step further, a large ceramic company in the city of Kyoto is offering its workers a chance to stay on the job through eternity. The Kyoto Ceramic Co will commemorate its 23rd anniversary next year
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    • 176 5 AP THE NATIONAL Petroleum Council has reported that substantial undiscovered oil and gas resources are believed to exist in the US Arctic. The advisory group, appointed by Energy Secretary James Edwards, issued a study showing "potentially recoverable" oil and gas equivalent
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    • Article, Illustration
      526 5 EXPECTED ARRIVALS YESTERDAY KEPPEL WHARVES Builder (0700) 22 Dong Kwang (after Kyoten Maru A Success) 26/27 Kwangchow (0400 after Nile U) 44 Manoloeverett (0600 after Barber Perseus) 46 Mendoza (1400 after Kota Singa A Kellett Island) 10/ U Palm Sea Horse (Tanker) (after Anco Endeavour (PO Subj.
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    • 367 5 Reuter PRESIDENT Ferdinand Marcos has submitted to the Philippine National Assembly a five-year development plan for *****7 that aims at expanding the gross national product by an average 6.5 per cent in real terms. The new target is lower than the 7.G per cent growth envisioned
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    • 416 5 AP THE REAGAN Administration has said that it opposes a study commission that could lead to relaxing antitrust constraints on American business activities overseas even though it sympathises with the aim ot the study. The reasons given by three administration officials included the cost of
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    • 371 5 UPI SALES of imported and American can in the United States plunged 16.4 per cent in November. US car manufacturers reported the low- est sales rate for the month since 1959. The US car industry recorded 581,726 sales in November, down 16.4
      UPI  -  371 words
    • 177 5 Reuter FOREIGN investors bought a net 57 billion yen of Japanese stocks in November for the first time in five months. The Tokyo Stock Exchange said the net buying between Nov 2 and 38 compared with a net selling of 8-57 billion yen in
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    • 106 5 AFP THE eastern most parts of Indooesia like Irian Jaya and Maluku are more effectively supplied by imports from Singapore and the Philippines than by domestic shipments, Minister of Industries Abdul Rauf Suhud said. To supply them from J*v« would in the case of
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    • 571 5 Reuter MALAYSIA'S national oil company, Petronas, foresees many problems in committing future liquefied natural gas (LNG) production to a •ingle market such as Japan. Its managing director Rastam Hadi said although Malaysia Intends to supply Japan with all the gas from its huge Bintulu offshore
      Reuter  -  571 words
    • WORLD IN BRIEF
      • 362 5 Agencies BRITISH Petroteum (BP), one of the world's top se>v«n oil multinational*, has reported a alifht drop tn profits for the July-Septem-ber quarter of 1981 The group, with crude oil interests In the North Sea and Alaska and substantial European refining and —l—operations, said net income after
        Agencies  -  362 words
    • 134 5 Reuter MALAYSIA hopes Kuwait will participate in a large oil refinery planned for the West Coast state of Malacca. Finance Minister Tengku Razalelgh Hamzab said yesterday he would discuss the refinery in detail with Kuwaiti officials during bis four-day visit to the Persian Gulf
      Reuter  -  134 words
  • Page 4 Advertisements
    • 396 4 > Asia, at your finger tips... Other than speed reading, there is another way you dan know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten yeare of editorial expertise. We have extracted and
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  • Page 5 Advertisements
    • 213 5 t^cperfect 1r—' ■V r V K n wu J* 9 r V, r* > Hf v*v The Times Calendar' 5T L? i r *r -<? v w. :*r^ V -i J tb r -i V* »4> ci J 4T V A Ii a«r-. jj> «v f i, V i..- ».iVs-r'-*1
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  • 381 6 THE IDEA of building a tropical jungle must be a preposterous thought to all purists. Imagine that! How disgusting! Tut-tut...they would say, pooh-poohing the idea with disdain written all over their faces. Man-made beaches, the highest man-made waterfall, and now to complete the picture, a
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  • 292 6 IT IS CLEAR to us that the Business Week article is nothing but a scanty snapshot of the Singaporean's work attitude. It presents no concrete evidence to support its allegations that Singaporean workers are becoming increasingly finicky, smug and notorious job-hoppers. Proof for the American weekly comes
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  • 804 6  -  Three thousand families in France are using Teletel, the French videotex system. Singapore is looking lor a similar system. Within phone's reach is a wealth of information ranging from aircraft schedules, the telephone directory to the latest products in departmental stores. SALMA KHALIK reports. SALMA
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  • 805 6 YOU ARE at work but you have to prepare a dinner tonight. Instead of rushing home to turn the oven on, you simply make a telephone call and the oven is turned on. You need to buy a new dress but you have two young children to
    805 words
  • 687 6  -  1 STEVE LOHR NYT EVERY YEAR at this time, a rising tense of anticipation (rips Japan. taring the next tew weeks, a ritual occurs that is not only of central importance to Japanese households, but also, in the view at many executives and management specialists, helps explain
    NYT  -  687 words
  • Page 6 Miscellaneous
    • 578 6 CRYPTIC PUZZLE ACROSS A drink for someone Just like you (6) Iron hook in the (arm of a diamond (8) Fruit tor a social occasion (4) Abraded the field? (6) Calculate not to be reckk»(«) Chaps like me and a Pole (3) Canvas supports (5) Animals' right to water (4)
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    • 31 6 briStdW" hou> p«e vou oernnG ON UMTVH nmg.agiggxjp seeoos Knee cnougm •PfIgRMOON, my DGAR... Ot? I»mt<iMS Coo*Lim£NTS 80T DID "too L£PMC simo PuX> Of CH£U»G -IOBPOCO ONwis D£SK TMIS mofiNiNG. 5
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    • 404 6 STRANGE PHENOMENA I r U IN IB MMk*| part «f etf-Uke OiM-X it tMt epft- MuiOwbteu. ruey J» srlM rf the n i F»r MMI tea- esf. M s Vr nM TiU, aki ptejrt Mm Mb SINGAPORE 5 1.00 PM Opening Mmi by Scum 7.30 News And Weather Forecast Street
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    • 154 6 Day IJH On The Sunny Side Ml News 8.11 Radio Patrol SJf On The Sunny Side IMI Prog Summary and Today's Diary followed by Thirty Minute Theatre lMt Cambridge Polk Festival '80 lIM News lIJS Prog Summary followed by Small Talk 12J« Musical Tribute IJ9 Afternoon Delight 1 Jt PM
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  • 1353 7  -  HOTELS TO FIELD THEIR OWN APPRENTICES HOTEL INDUSTRY Over the last decade, the hotel industry has developed at a tremendous pace, and the issue of manpower development has come into sharper focus. The Hotel Catering and Training School is reviewing its training structures and teaching facilities. TSANG
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  • 1355 7  -  Harold Evans of* The Time• counts the units in a headline, to say nothing ol choosing the main picture for each day's fronti page and delivering a critique of each day's paper to his subordinates the next morning. Not only has he given
    NYT  -  1,355 words
  • Page 7 Advertisements
    • 74 7 V*r" iu ''a m w 1 m (Sf? Sr. U2^ atf' m •*>-• b--.«.5,»« rf to v.\ ■> Hi ~s > -V <. i« •v H»: ►> +>, %4K •< A 1 fcl I"It>>I I > I > T > 4F X *S %c sw TO: MAIL OftOiß DIPT. STP
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 248 8 dic as Fr» CORBEILLE Air-Liquid* B 8 N Otmli Dtnont CSr (Thomaon- m 1110 i« -3 -3 ♦ia CI* FrancaM* d« Petrol** 114 -14 CompacnM Flnanctere Compafnle Ctonerale 31U0 -U Credit Fonctcr De Franc* SOBJO til Htchtut (Libralrie) sis unch Machines Bull 30 -0.06 Mlchetln (B)— Pmrlbas Pechlney Clfln*
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      • 88 8 DEC as rn FORWARD MARKET m ♦a ArtMd mo -M Astur SI 1 Brmacan no unch Bru-Lunb M anch Ctnptc MM -4 Cock IIS unch Ot Been m ♦1 EDM 1M E*ctrobel SIM Ob-lnno-Bm in unch OtT ISO unch Hobok 2140 M Pttro 4000 -40 Ryt Dutch 1540 unch
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      • 141 8 DBC OS Dm A«C-T*k*ruiU«n «U» »u Atoo XLMB All* Vera BAtf BvHT Wbtnk Bay Vbank Bayer «nr BMW CM—1 Cham Varw Commtratank Contl Ounmi Dalmlar-Bam T'" Dcmaf Dautaeha Bulk Draadnar Bank Dt Tanco Dyekerboff BT A Knkm Olana Oalaanberf flHH Ml 00 lttJOC imo moot 11*40 sojo lMjoe *****
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      • 166 8 Action* Suuaas Aluaulaat Br AlUfUllM Dm M 020 unch Brown Bond Br. Clba Oclgj Br Clba Otify pc_ Clbi Oslo Rag Credit SulMt Br Cradtt Sulaat Re« Elaklrowalt Br Oaorta Flachar Br Olototu Pe M6 -S 1200 >10 M0 -U &33 *1 mo unch 373 4 3 23SD unch
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      • 153 8 Ahold «BM> -M -02 A km 22-40 AMEV M.10 -1.9 Am Its 7JJ0 -<t5 Amrobnk S3.40 0.1 SrT" J5J0 QJ Dnl. S7.00 -04 Boraumtl 10 008 Bufhnafin MM -05 Caland XJO -09 Calva Dalrt XUJO 05 Deli WJ Ml 00 -02 Ennla HMD -0.5 Fofeker MJO unch Port Otmmt
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      • 91 8 Butofl 330 unch nn CtntrU Ord Comit Cood Acqat Roma CncUnu rwt (M mm *m coo too m -i> tarn m 1S3C -4 OencraJ) IMOt *900 Olm >140 i If! Prt» 8*i-8of»n« Ml -SI ln*w» tUJcvmcnll CM JIM unch lUJfu gac Laprtlt Ord Madtotanc* MlUoo AM Ord WOO unch
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      • 145 8 D®C OS C9 A hit! hi tu. k [J' n* -ft MM -Ik ■1* 1M» BP CM Ltd m uocb 1 »H n»w-H It Cm lap Ik +tt Cufmc 41* Cuk In* Pf Chrdof oiNh HH -IK i 1M H ft Mft M met, DM Tmr B« oacfe Don*
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      • 197 8 DBC M FUM INDUSTRIALS f. Attorran a Mi ♦i i AS And CX AMir M M B 1 Btrion Ot himbi 3A «C Hi m •a ur 1 >cb M Cant* Plnanc* Dt Baan lad m m on icb TtmmHj PM Vol* ra UB ch Paatt Ov«tui OtMMBl Ortlmn
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  • Page 8 Advertisements
    • 219 8 "The American Express Card serves you well, wherever good food is served Snacks for your island treks AKEI m *9 Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10,0 C a.m. 6.00 p.m. Saturday, Sunday zLi&rSßk Public
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    • 99 8 ni iuiLH For sushi. For teppanyaki. For other authentically -Japanese delights ()p<.'ti J i. >n f Vf) •> r'i hor reserratn ims cu/7 /,'■>/ /> <M i' i k rs JP m. C I *«ii*k 1«-i*;m >ii 11 »i_^ji|»«n*« r F NUTMEGS Hyatt Reg€ncvo9ngapo« 8l Carrie Model Agency bring to
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    • 126 8 !-=~+'<*.:>(']<;,,^@|$__|_/]\^) 11\ I U y\ l-2'A l.ir.J-. v Ik\ n >; i >M_> tlu m.Vk Hit *I riw C .':r:!u -hit i\r..i\ ;ii :nnn\iv .mJ u iiu .inJ J::u- on >iu mo -upcr!" inTrrn.iMon.il v uimikv> >'i cr T 11^ i .1: i k h i noon pm r prn
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    • 156 8 When you dine, dine Cantonese. i s> 0 A If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of serv ice that's exquisitely Hilton. So come. The stage is set
      156 words
    • 165 8 J v^r This it Thai Seafood at its authentic bast So trash, it could haws baan alive 15 minutes before comrnf to your tabia it was An aoormous variety of succulent seafoods axpartty prepared by Thai chats in our kitchen Siamese Seafood Restaurant a CfldqttjHttt o*ley Risa/Penang Road. Singapore 0823.
      165 words

  • RAW MATERIALS
    • 173 9 CHINESE Pti4«m Exehugt, cWi| priMi per 1« kg yesterday. Csesaat all: Bulk fob $108.00 sellers, old drum (in second hand drum) fob $122.00 sellers, new drum fob $126.00 sellers. Cspra: Mixed (loose) $59.50 buyers. Pepper: Muntok white pepper fob Asta $372.50 sellers, Sarawak white pepper faq fob NLW
      173 words
    • 322 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.88, 100 per cent second class 1.13, 100 per cent third class 1.08, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.73, Special
      322 words
    • 217 9 RUBBER prices in Singapore yesterday closed generally easier with December One RSS buyers quoted at 187.50 cents per kilo, down 5.50 cents on Thursday night's close. The market eased further in the afternoon on long liquidation and continued lack of support but levels improved slightly after the close on
      217 words
    • 322 9 RAS prices In cenu per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b 190*00 19B.OON Int. 1 R.S.S. December 190.50 192.00 Int. 1 R.S.S January 194.50 195.30 Int. 2 R.S.S. 1*7.50 I00.50N UK/Coot W.S0 1C7.30N Int. 3 R.S.S. 102.00 104.00N UK/Coot 1(1.00
      322 words
    • 625 9 COffJK: Robusta coffee futures yesterday were contained in a £6 range, closing at afound session lows after a quiet and featureless morning, dealers said. Final losses ranged from £6 t$ £l a tonne compared with an opening call decline of up to £4 and forecasts of a slight
      625 words
    • 136 9 THE Kuala Lumpur crude palm oil market yesterday continued to rule lower in quiet trading reflecting lack of demand, for refined oil. In December, central fell MJ7.50 to MsB6o a tonne, north $2.50 to $875 and south $5 to $870. In January, central dropped $22.50 to $865 while
      136 words
    • 653 9 51 m i rw a* am lac 44* M BH lit MM NH nach Lad aum Cttam Cp AilM How an +t* inncyris. IT* n an IM M K i H- 8 a«* +ih Caa no MM -M ■M CfMMUd DM >"p a* M »M h Boat*
      653 words
    • 63 9 THE 9RARB tta pries ia Peaaag yesterday was urhsaged at MSSL4C a kfls, ■till wtthia the RC spper range if $34J8 aad $31 Jt. advlees aad taflasattal buyers ssppsrt at IMb level esatrihatsd Is the steadtaess, hat the esatlaaed tower iip i ill at metml taOed ta Kt
      63 words
    • 32 9 Rubber: Dec 4 Singapore: Dec: 187.50 cents (down 6.50 cents) Malaysia: D *206.00 cents (down 4.00 cents) Tin: M $35.46 per kilo (unchanged) Official offering: 155 tonnes (down 6 tonnes)
      32 words
    • 84 9 THE Malaysian Minister at Finance has fixed these rates for the period from Dec 3 until further notice: Bahher: 225 cents a kilo for RSSOne; Cepra: MX586.67 a tonne; Pain kernel: $965.75 a tonne; White pepper: $3,259.67 a tonne; Black pepper: $2,178.00 a tonne; The rates of duty
      84 words
    • 193 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yan: China Blue Phoenix 20b 2.540 32s 3.175. 40s 3,350 (per bale of 400 lbs). Ptoee |iiis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • 207 9 WHEAT futures in Chicago on Thursday clipped gains late on exporter selling to close up 2tt to V« US cent a bushel in moderately active trade. Trade sentiment that the market was technically oversold, particularly in nearby positions, held prices on the plus side most of the session. Earlier,
      207 words
    • 113 9 noon an BAS L I 1 1 Dmmi. bar Mtk) NMin (Parvard Mtkt (1Kb pdbt) *U 1 Mjtn •< •Uar* SSR 10 m» 1«6 00N 1*600 1*7 OON 98R 50 (I k* pmlimti ***** 1*1 OON 1(1 00 1*3 OON MKKLB D ITIMtll taammn SMRCV (l-taa priM)
      113 words
    • 327 9 A GOOD recovery was seen in nearby One RSS Singapore, where its price rose ten cents after having dipped to a SV« year low, Hallday, Catler, Balk aid Campaay says in its rubber review of the week ended Dec 3. Initially, there was a continuation of
      327 words
    • 140 9 SOYBEAN futures in Chicago on Thursday edged to new day's highs late, closing up three to US cents a bushel. Sympathetic technical demand following the late runup in soyroeal carried prices higher. Despite initial weakness and Wednesday's failure to follow-through on Tuesday's technical reversal, prices trended firm most of
      140 words
    • 459 9 FT INDONESIA, which has been badly hit by rising sugar import bills, expected to reach an all-time record this year, has embarked on a programme to become •elf-sufficient in sugar ooce more before the end of the decade. The plan calls for an estimated
      FT  -  459 words
  • Page 9 Advertisements

  • 1831 10 BID and offer prices officially listed »nd 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 Aeaa (1228) (1)
    1,831 words
  • 190 10 SINGAPORE UNIT Rl (M—f' prtii tor P» The Commerce 3.27 The Savings Fund 190 S pore Prog Fund l .C S pore Sec. Fund 2.11 S pore Invest Fund 101 S pore Equity Fund 1.34 m 3 44 100 L« m 114 141xd AHA UNIT (Mi—fri' frteaa Mai
    190 words
  • 2911 10 1961 Hl«k Low Compmmy Last Sale +orGr*s Div Dir Crt Gr"s YTd Net P/E Vol (•000) Day Hlgk Low SECTION ONE INDUSTRIAL COMMERCIAL 484 115 380 312 430 300 470 532* 075 430 -348 115 130 ISO 308 75 380 230 322 231 Ac ma Alcorn Allied
    2,911 words
  • 1727 10 BID and offer prices officially "l 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. DiDUmuu MMWH (3.228) AMM (I.US) (l) 15« (2) 1» <*) 1.«
    1,727 words
  • 572 10 UNCERTAINTY togged the stack ourktt ytvtcriAy wttfc rm bitli i| aad 4nn erratic tradlag. Mnl a few Miaton MmM talaty ul wttwrt fee ru elemmj ipinra. Opealag prleei were sllghtlybelew irtn||H levels. Uutrikl ceutcn tkea aicved la dtffereat dtrirtl— bat efcaagee wan Ity waa reflected
    572 words
  • 540 10 HEAVY wiling on the Kuala Lumpur stock market yesterday depressed prices across the board after three f ssioni of impressive gains. Trading volume was also slashed. Overall, weak opening prices set the tone for the day although a few counters started off well and continued
    540 words

  • COMPANY NEWS
    • 188 11 Date La it Fall Yea r Cempeey P -a "n#« ammucou Net EPS Great Pre-tax MJMT Dtv. Praflt J Cement <%> dtn) i ao/11 7.7 3.8(b) 4,012 Chin Heck F 22/11 21.7 15.0 2,941* 283 Int Wood I 38/11 8.8 10.0TE K Kampar I 3/12 53.4 46.7 2,484
      188 words
    • 513 11 h CM Ex ■eeke Dale TMelfer Mailer Pafaeat DM* Ctae PayaMe the year PNvteae] Una 2j%i Nov 30 Dec 10 Dec 17 25% 4.8%(a) AMCta 7% NYA NYA NYA 7% 4%TE Afltaa 30% Nov It Nov 20 Jaa 6 30% 20% AyaMMaaffei 79% Nov If Dec 1 Dec
      513 words
    • 215 11 Company Particulars Ex Date Books Clone JstaaHMg. Proposed rights inc or 2 for 1 MU 1 $1.00 per share NYA NYA Bonus issue of 2 for 1 Proposed ha— issue Nov 21 Dec8 oflfor2 NYA NYA >- Rights issue of 1 (or 2 #Tl.<0 per share Bonus issue
      215 words
    • 182 11 THE total dividend to be paid by Castlefield (Klang) Rubber Estate far the year to June 30, 1981 is more than doubled from 6 peace to 14p net per lOp share. This comes with a Tp special payment in addition to the improved
      182 words
    • 440 11 PBOMET Bhd has been queried by the KLSE on its plans to build a marine base in Johore. This follows a Business Times article which reported the company is planning to buOd a MS250 million fabrication yard at Triok Ramunia in south-east Johore early next year. The KLSE
      440 words
    • 238 11 MBP Holdings (formerly Pacific Development Credit Bhd) has obtained approval from the Malaysian Capital Issues Committee to purchase seven adjoining pieces of land in Penang. The land will be bought from Billand Sdn Bhd at a consideration of M 519.4 million to be
      238 words
    • 161 11 PAHANG Consolidated Company Ltd has said there will be a delay In the publication of its accounts (or the financial year ended July 31. The company is in the process of moving its head office from Bsngimsn Da to Zainal in Kuala Lumpur to Sungei Lembing
      161 words
    • 496 11 ■arfcat Talk... PRE-TAX profit! of the Cheßletl Ctayiaj «< Mateytfa (CCM) are expected to drop sharply in the current financial year to about Msl2 million from $16.8 million previously. The poorer earnings would be due largely to the continuing depressed market for fertilisers. According to
      496 words
    • 364 11 DEPRESSED commodity prices and lower output have reduced earnings at Kluang Rubber Co and its 32 per cent owned associate, Sungei Bagan Rubber Co, for the year ended June 30, 1«. These two factors, together with higher production costs, resulted in mn»ng Rubber's pre-tax
      364 words
    • 120 11 MUMf-Purneae Holdings Bsrhad: EOGM to be held at the Convention Hall, Wisma MCA, Jalaa AmKuala Lumpur on Dec L0.30 am. AOKAM Tin Berhad: Twenty-seventh AGM to be held at Wisma Bunga Raya, 152, Jalaa Ampaag, Kuala Lumpur, Malaysia on Dec 10 at 10.30 am. a AYER Httam Ha
      120 words
  • ASIAN STOCKS
    • 303 11 SHARE prices on the Tokyo stock market yesterday rose sharply. ./J?* VM 91.15 points to dose at 7,716.13 in a moderate trading volume of 400 shares. The Tokyo stock exchange index rose 7.40 to 568.18. The second market closed higher in fairly active trading. DEC M T«D
      303 words
    • 50 11 FINANCIAL TIMES INDUSTRIALS Thursday 519.® Wednesday 831.0 Weak Ago 538.1 DOW JONES AVERAGE INDU8TRIAL8 Thursday 883.86 Wednesday 882.81 Week Afo closed H.K.HANG SENG Friday *****2 Thursday 1399.82 Week Ago....:. 1451.07 AUSTRALIAN INDUSTRIALS Friday 7405 Thursday 740.2 Week Ago 730.1 ALL ORDINARIES Friday 801.0 Thursday 585.7 Week Ago 585.5
      50 words
    • 74 11 oac taot Acop Mtatn, Ada* Coo. A AUM COM. B i jm -UM L M (inch Macvto OoM ■T^Mdrteh l B 41 J* -1 W unch utvh LMtnto B. .Mi unea MartDduqu* B OD -U Ortanui 8 Mi uncb nm oww m uncb mm M pium b la -Ojm
      74 words
    • 294 11 HONGKONG STOCKS IN Hongkong yesterday closed firmer but generally off their highs as some profit-taking emerged near the close. v Trading was subdued and the Hang Seng index closed up 10.10 at 1,409.92 against a 12.72 rise by 1100 hrs, compared to Thursday's 20.37 fall. Prices firmed
      294 words
    • 230 11 THE Sydney market yesterday dosed on a firmer note with the All-Ordinaries index gaining six points to 601.6. Rising prices (or a group of mineral and oil issues helped push the index over 600 to its highest level since Sep 22 when it was spiralling down
      230 words
    • 46 11 DSC M Ajt« n »r* Ba/iu ia Bui! O Ltd f Awdhajm M Charooi Thu Wlr» 211 11 rim Tnut m Cm Corp 1M +t fUma Tow OM UIK Sate Union ifT Stun CMMnt 1M south amu rum mjs -Li untwd now MIU m unci
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  • Page 11 Advertisements
    • 165 11 t J 0 11 The tab gel of over S,CX or business oannectoi names and addresses! The general business listing at th* Strata Times Directory or Buku Merah (WWW also known) It a oompendlum of names and facts you ought to know. Tot instance, if you have only a name
      165 words

  • Chief Price Changes
    • 144 12 Rises Sea View Guthrie Rotkaiu P M Hldgs Keppel Ship Kiaga IMIU B Uoif Credit Keek Seng Jacks lot Spore PoMer Veneer Prod 740 458 066 480 680 452 434 1180 470 294 390 236 56 44 40 40 25 24 22 20 20 18 14 13 Falls Ialaad
      144 words
    • Article, Illustration
      144 12 Rises Inch KK 1250 +50 Idris Hyd 1300 +50 Rothm&ns 1020 40 Raleigh 705 35 Keck Seng 510 30 Roxy 250 20 Kramat 450 +20 Falls A Amai 820 -20 Utd Plant 570 -15 Toshiba 390 -10 Gadek 430 -10 Tan Chong 458 -10 PMC <70 -10 Perils
      144 words
  • 308 12 THE long-pending listing of the shares of Timah Langat, the profitable mining unit of the Selangor State Government, is expected to be announced very shortly. Application for its listing was first'submitted to the authorities about two years ago. The listing
    308 words
  • 734 12 LONDON, Fri. Share prices were marked up at the outset In reaction to yesterday's sharp falls and continued to firm amid moderate buying: interest. Among Industrial leaders, ICI, Gla*p, Hawker Siddeley, Beecham and Unilever gained between 5p and Bp. Electricals GEC and Plesaey gained lOp and 9p respectively.
    734 words
  • 521 12  -  Companies Editor: Mano Sabnani By HSUNG BEE HWA AS PART of its plan to become a manufacturing and trading giant in Malaysia, Hong Leong Industries Berhad has brought two more companies within its fold through share swops valued at M 596.71 million. The group is
    521 words
  • 315 12 MALAYAN United Industries is taking its first steps towards rationalising its activities. The company yesterday announced the incorporation of four wholly-owned subsidiares, each designated for specific responsibilities in the group. Although none of them is fully operational yet, their names and objectives suggest that MUI may eventually centralise
    315 words
  • 286 12 FURTHER efforts are being made to put ailing Gula Perak back on its feet. The company's debenture holder, Telok Plantations, has decided to discharge Gula's receiver and manager, JSN Noronha and Company, in an apparent bid to help the company qualify for a loan application.
    286 words
  • 167 12 AFP THE Malaysia* gcvenuneat hepes to pratect the small la vector la Ike stock market with the iripml ■mrai meats to the Seeartttee ladaetrtes Act. Flaaaee Mlalster Teagka ■aaaleigh saii ea Tharaday that the geverameat la revtowtog the leglalattoa se that amradmeats caald he made
    AFP  -  167 words
  • 271 12 1 MULTI-PURPOSE Holde ings Berhad (MPHB) has formed an international f trading house modelled I along the lines of the high- i f ly successful Japanese sogoshosha. The trading house, first mooted by MPHB in June, 1 is to be named Multi-Pur-1 pose International
    271 words
  • TAKING STOCK...
    • 604 12 by HOCK LOCK SIEW BACK IN July, we lamented in this column that investors had little time to consider buying Public Bank shares faits July one-for-four bonus, the reason being that its 1960 results were released only a day before the counter went exbonus. Still, we went
      by HOCK LOCK SIEW  -  604 words
    • 80 12 NEW York. Frl. Stock prices opened broadly higher today amid new sigr» US interest rates may fall further in the weeks ahead. Gainers took a 5 to 1 lead over losers after 30 minutes of trading on the New York Stock Exchange. The Dow Jones average of
      80 words
  • Page 12 Advertisements
    • 17 12 NOTICE G*w*l Survey ot rUro.—< w« vCT!s 7tt Dec r frtun 9.00 a.m. to 1.00 niß'ti K
      17 words
    • 177 12 I A unique international survey of modem photography from The Hamlyn Publishing Group world photography Twenty-five of the world's leading photographers have contributed to make World Photography an outstanding book. As well as portfolios of what they consider to be their greatest images, all the photographers have contributed descriptive and
      177 words
  • Page 12 Miscellaneous
    • 52 12 OUTLOOK (or Singapore from 6am to Ipm today: Showers in several areas around midday. tufssjii* u hmm prt,r 4 Maximum temperature 32.5 Associated humidity 64 Minimum temperature 23.8 Associated humidity 93 Hours of sunshine 6.25 Rainfall in millimetres 50.9 Total rainfall for the month 76.4 Total rainy days for the
      52 words

  • LEISURE TIMES
    • 495 13 WHAT WHERE CONCERTS THERE will be a celebrity concert by the Sngapere Symphony Orchestra tonight, 8.15pm, at the VictoHa Concert Hall. Violinist Takako Nishizaki is the soloist. The programme includes Beethoven's famous Fifth Symphony, Mozart's Violin Concerto No 5 in A, K 219, Wagner's Faust Overture and Wang I Ping's
      495 words
    • 999 13  - Jean the collector Jean de frunce, due de Berry's, manuscript Chronicle of the History of France, will come up for auction at Sotheby's in London on Tuesday. By JANET MARSH A QUARTO volume, rather plainly rebound in 19th century red morocco, and with quite a few of its pages missing,
      999 words
    • 795 13  -  Alvin is still mischievous and difficult at times; Simon still wears those thick glasses; and Theodore has not caught on the diet craze yet. The Chipmunks make a comeback. They have returned to join us in the spirit of Christmas; they have returned to give us a
      795 words
    • 1211 14  -  Junior Open Amateur Golf Championship By CHARMAINE CHAN THERE should be a threeway fight for the title in the 1981 Singapore Junior Open Amateur Golf Championship scheduled for Dec 9 and 10 at the Golf Club. The overall best gross winner will either be Vincent Lee, Azman Haron
      1,211 words
    • 331 14 TODAY: GOLF: Warren: The postponed 1981 Warren Club Matchplay Championship will be played today. Daniel Lim (just returned from his Nomura Cup assignment held last week at the Royal Calcutta Golf Club) and Narian Singh are both seeking their first titles. The champion will be decided after
      331 words
    • 602 14 IN SPITE OF three practice rounds, Singapore's Nomura Cup quartet finished last during the competition at the Royal Calcutta Golf Club which ended on Sunday. Mr Low Kee Pow, the secretary of the Singapore Golf Association and the non-playing captain to the 10th Asia-Pacific Amateur
      602 words
    • 1029 14  -  mm Br RONALD KOW SOCCER fans who are still hoping (or that remote possibility of Singapore being "invited back" to the 1982 Malaysia Cup will have to face the tacts. It is now very clear: Singapore is definitely out of the 1982 Malaysia Cup
      1,029 words
    • 1724 14  -  ferdie PACHECO, who lias been NOl Muhammad All's doctor for 15 yeara, examines the dangers that threaten an ageing tighter and tells you about the 'punch-drunk' syndrome. FERDIE PACHECO, NYT THE APPARENTLY endless comebacks from retirement by Muhammad All has brought about a
      NYT  -  1,724 words
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