The Business Times, 8 December 1979

Microfilm: NL10426
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    9 1 BUSINESS TIMES No, IM/1/19 SATURDAY. DECEMBER B,ITO so CENTS
    9 words
  • BRIEFLY...
    • Article
      Lock icon Asean furniture
      88 1 AFP JAKARTA, Fri. Indonesia will propose the establishment of an Asean furniture industry to be located preferably on Batam Island. Indonesia will provide the necessary raw materials and Singapore will serve as the marketing show window. The proposal will be put forward by Mr J Mintahir, chairman of
      AFP  -  88 words
    • Article
      Lock icon Cement exporter
      66 1 AFP JAKARTA, Fri. Indonesia has become the third biggest cement exporter in Asia after Japan and South Korea, the chairman of the Indonesian Cement Association, Mr Ibrahim Risjad, told a Parliament Commission on Thursday. Indonesia started exporting cement last year with a modest 90,000 tonnes, which rose to
      AFP  -  66 words
    • Article
      Lock icon Less oil for Japan
      67 1 Reuter TOKYO, Fri. Indonesia's state oil corporation, Pertamina, hopes to cut its crude oil supplies to Japan by 20 per cent next year and increase its prices for the remaining amount, informed sources said today. Pertamina wanted to sell half the supply at government contract prices
      Reuter  -  67 words
    • Article
      Lock icon US bill approved
      69 1 AP WASHINGTON, Fri. The Senate Finance Committee approved a bill yesterday to tax capital gains realised by foreigners who invest in US real estate. A "loophole" in existing law frees foreign investors from paying income tax on profits they make from the purchase and sale of US
      AP  -  69 words
    • Article
      Lock icon Discount rote raised
      52 1 AFP TOKYO, Fri. The Finance Ministry announced today it would raise the discount rate for government short-term securities by 0.5 per cent per annum to 5.625 per cent, with effect from Dec 10. The subscribers' yield will likewise be raised by 0.509 per cent to 5.677 per
      AFP  -  52 words
    • Article
      Lock icon Manila's trade deficit
      88 1 Reuter MANILA, Fri. Annual trade deficits of between US$l-5 billion to $2 billion have been forecast for the Philippines up to 1965 in a World Bank study to be presented to the Philippines consultative group discussions in Washington next week, wellinformed sources said today. The paper forecast
      Reuter  -  88 words
    • Article
      Lock icon Oil products
      88 1 AFP BRUSSELS, Fri. The pre-tax dollar price of principal oil products sold on the Rotterdam spot market rose by three per cent during the week to Nov 26, compared with the previous week, the Commission of the European Economic Community reported today. In its oil bulletin, the commission
      AFP  -  88 words
  • Article
    Chief Price Changes
    152 1 Rites Skaa*ri-La Easo M U I Selangor Dredg Rahman Hyd Straita Trading Tu Chong K L Kepoif Sal Properti«« Kempaa Laoag Huat M Banking Nat Iron P ft N Gold Cola 820 545 535 480 055 735 416 300 402 506 94 806 010 500 181 25
    152 words
  • Article, Illustration
    KUALA LUMPUR
    144 1 Rises SEA Corp 650 +50 Sg Besi 1140 +50 Mentakab 390 +30 Tronoh 1000 +30 EssoOrd 540 +35 S Klnta 900 +35 Sentosa 144 +16 MUInd 535 +15 Males 440 +14 Sovran 207 +12 YHS(M) 370 +10 Sel Prop 400 +10 Fall Indices Nov 6 Nov 7 B.T.Index:
    144 words
  • Article
    Fair outlook for timber industry
    793 1  -  TIMBER BOARD STUDY By FOO CHOY PENG THE TIMBER industry in Singapore will continue to be viable at least up to the next decade as far as the supply of raw materials is concerned. Some sectors such as the export trade in sawn wood and
    793 words
  • Article
    New Oriental shares oversubscribed
    199 1 ORIENTAL Holdings' special bumiputra issue of 20 million shares offl each at $1.66 has beat awubacrlb ed by 1.5 times on an overall basis. The open portion of three million shares that is those shares not reserved bat available for subscription by the bumiputra public was
    199 words
  • Article
    Call for special claims court
    441 1 THERE IS a nead for a Small Claims Court to serve as an Inexpensive and informal legal avenue for consumer protection. Mr Ivan Baptist, Adviser to the Consumers Association of Singapore (Case) and Secretary of NTUC Welcome, said: "In Singapore today, the consumer is still
    441 words
  • Article
    MORE THAN A PHONE
    189 1 ACCESS to centralised computers (or information, travel reservations and other ■Hwiur services may be a reality in Stagapore in future as tMs has been ■wis pnsShli by the pushin^'lrTtLfLmis tsrfey Bag Da CMs rfteMnsMMlfw* (Mmm) at the sf MMk SSSM He noted that the demand for
    189 words
  • Article
    Lock icon US dollar falls sharply in Tokyo market
    146 1 UPI lie l»p*i«N yea*"!! TntegwuhetTy. The graanha tk timed Nt the week at UIM yen, *np ill paints frta flaniqrt flatah af MUL The MM MM epMi the day at tUM aad thea pinged **m I there were at ktttwP la hit the
    UPI  -  146 words
  • Article
    City Dev to pay $10 million for building
    472 1  -  By CATHERINE ONG CITY Development, a property developer, yesterday announced plans to acquire Ocean Radio Building at Tannery Lane for $10.3 million. To pay for the building, the company will iasue 8.655 million new shares of 10.50 each, valuing the shares at
    472 words
  • Page 1 Advertisements
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  • RAW MATERIALS
    • Article
      RUBBER
      242 2 THE Singapore market yesterday closed sailer with December One RSS buyers quoted at 293J0 cents per kilo, down three cents from Thursday's close, dealers ■aid. Prices fell 3-1/2 cents during the morning session following lower overnight Loodon advices and some profit-taking, they aid. January touched a low of 297.00
      242 words
    • Article
      RAS PRICES
      299 2 R.A& prices In cents per kilo yesterday. Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f o b. 293.00 2M.OON Int. 1 R.S.S. December 2M.00 294.50 Int. 1 RS.S. January 99.00 299.50 let 2 R.S.S 299.99 297.00N UK/Coat 285.00 296.0CN Int. 3 R.S.S ».00 284.00N UK/COM 292
      299 words
    • Article
      SSR and SMR
      81 2 NOON SSI aad SMR pm ymt latdijr RAS SSR 20 SSR 50 MKXLB (1-too pall*) (l ux paikt) Item) H)»n *7 JO 184.00 bar Mtk) ill»n 280.00N 288.00N Juun (Forward Mtk) Bvyan Satfer* 268.00 270.00N 286.00 287.00N SMRCV SMRL SMRGP SMRS SMR 10 SMR10 SMRSO lilliii iiiiiij
      81 words
    • Article
      Textiles
      191 2 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) CtttH yan: China Blue Phoenix 20b 2,325; 32s 40b 3,035 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;
      191 words
    • Article
      CLOSING PRICES
      30 2 Rubber: Dec 7 Singapore: December: 29&A0 cents (down 3.00 cents) Malaysia: January: 397.75 cents (down 2.00 cents) Tin: M$2,U4 (up MfS) Official offering: 187 tonnes (down GO tonnes)
      30 words
    • Article
      Straits tin
      73 2 THE Straits tin price in Penaag yesterday gained M$J per pical ts fell 4, $114 akeve the laternattena Tin Agreement celling, dealers said. A redacttoa In tin ere contributed by miners steadied Ike market sHgktly despite Ike easier i islHliss la Leaden sa Thursday eight, tkey said. Turnover
      73 words
    • Article
      Rice
      301 2 SINGAPORE: Yesterday's closing prices in S) per Idlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.98, 100 per cent second class 0.83, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.63, Special 057.
      301 words
    • Article
      LONDON MARKETS
      726 2 OOfTB: Robusta futures yesterday ckaed the morning steady at the lower levels with losses from Thursday at £17 to £30 per tonne. Turnover was 4,784 lots, Inrludlng 10 options and around 2,200 lots of crossed trades. The market fluctuated narrowly around end opening call levels on wellmatched commission-hoiMe
      726 words
    • Article
      Produce exchange
      319 2 IT WAS aaothcr dull and featureless period of trading on the Singapore produce market yesterday. The higher prices ruling in the local market hampered trading with the big buyers in the West This was particularly so in the pepper market. Because of the dUtetences in price ideae, Europe
      319 words
    • Article
      Hongkong Comex
      206 2 THE SUGAR market yesterday closed easier In continued quiet trading with no trades registered, as on Thursday, dealers said. January closed at US 16.00/10 cents against the previous day's 16.40/50 close, with distant October at 15.80/90 against 16.00/10 cents. Sugar futures closing prices: Ju MJO/10 U.M/30 Mart* MJO/M
      206 words
    • Article
      Quietly steady conditions mark rubber trading
      220 2 QUIETLY steady conditions marked trading In the week ended Dec 6 as prices improved some cents, and more so in forwards, taking the January position through the $3.00 mark, says IMMay, Caller, Bath A Clips ay in its weekly review of the Singapore and
      220 words
    • Article
      SHIPS IN PORT
      506 2 BAflitTli) ARRIVALS TODAY KEPPEL WHARVES Asean Venture (after/few Dolphin) 35/36 Cornelia Maersk (0530 shifts) 42/43 Gavriii Klrdisbchev (RO/ RO) (0600 after Nedlloyd Serooskerk) 3/4 Kola Banteng (060 after Bach-E-Dacca) 111 Kota Bali (Passenger) (0700 Cornelia Maersk shifts) 1/2 Palm Sea Horse (Tanker) (2300 after Putra Jaya P/
      506 words
    • Article
      Wheat
      112 2 CHICAGO Board Trading wheat futurea dosed US 3-1/ 2 to 5-1/2 cents a bushel lower on Thursday. Traders Mid the market appeared to be adjusting to recent large deliveries. out they, aaid floor talk on Thursday that the ovieta may defer aome of their grain imports from the US
      112 words
    • Article
      Soybean
      93 2 CHICAGO Board Trading soybean futurea lost US 101/2 to 5-1/2 cents a bushel on Thursday, closing near the lows for the day. Traders noted technical selling of aoybeans aa the January contract edgea close to its low for the season of |6 JO and the March contract nears its
      93 words
  • ASIAN STOCKS
    • Article
      Lock icon Investors take cautious stand
      625 2 TOKYO Source: DBS-Datwa THE MARKET was higher at the outset yesterday, turned mixed, then steadied but moved lower in the afternoon as investors continued to take a cautious stand. Buying concentrated on speculative issues. Some blue chips and telecommunications issues are also bought. However, resources-relat-ed issues,
      Source: DBS-Datwa  -  625 words
    • Article
      Hongkong
      199 2 77j";a5 HK* 4. "OS ♦«jr» m» m UuM +«.l in MO unch MO -*l PtUKz U4H +MBB H/8 Hotel* 31.15 Hui| Lung Ran« ami 117 JO Haw Par HK Y Ferry HK Akrrrmft HK Bank 1M0 ftj HK HMt HK Baet VW unch HK IX* «U HK Raalty «J*
      199 words
    • Article
      Manila
      82 2 DEC PI PMOI Act* MtoMf MM -UM aum col a AUM Coo. B. U -u Bwuo (MM MM unch —pn OML M.V 4 BT Ooodrtrt MM unch CDCP MJi neb lr>co L«UU a JI -«MM IHrmtHM B Mi -AM McrUeo Ortcotal A Orteotil Mm 4JH PM OiiruM am uncb
      82 words
    • Article
      Bangkok
      165 2 PRICES remained firm in a low turnover yesterday, dealers said. Mah Boonkrong Drying and Silo rose two baht to 266, Jalaprathan Cement three to 139, Rama Tower 1.25 to 98 and United Flour Mill two to 230. Bangkok Bank and Siam City Cement were unchanged at 326 and 215,
      165 words
    • Article
      Sydney
      258 2 GOLD issues led gains yesterday la the wake of strengthening world bullion prices, dealers said. Gold producer Central Norseman Gold gained 16 cents to AfS.9O, GMK five to US, and Poseidon seven to $1.10. Gold float, Queen Margaret, in its second day of listing, traded firm at 45 cents
      258 words
    • Article
      Selected indices
      34 2 J Yf] 1 yi 1 HXHANO IING mday mat Thursday 77*73 Waek «fo 702.46 8TDWBT INDU8TK1ALS FrVt** ■»•> Tburadajr- 54SJS WMk aco Ml JB3 t mamj mun Thursday Mil Waak a«o 07V JB
      34 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      207 2 CHIEF EXECUTIVE OFFICER We, as the DeveiepaMat Ma—gar for Ike Marin Cortn (URA sites 83, 84, 85 and 86), invite applications from Sing or permanent residents for the ultimate position of CHIEF OFFICER of one of the Group's subsidiary companies r the project. The Chief Executive will assume responsi development
      207 words
    • Advertisement
      Page 2 Advertisements Column 2
      32 2 s^g fffi: *SUIIU«SKSO<O H,-') n 0 a -»i C.'-"Tnl Fo' more detoils and viewing oi Apartments please coll th« Monoging Agent:W ss Oo Tin leng Tel *****33 SIU UfUITED 01/tRbEAS LAfMD LIMITED
      32 words
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  • REGIONAL
    • Article
      DAILY AIRCRAFT MOVEMENTS
      667 3 ARRIVALS 8orriee Local Operator Nwnber Tiae Froa SIA SQ103 IOC KUL MAS MH606 1045 KUL GIA GA944 1065 PKU GIA GA908 1100 MES SIA SQ240 1125 MES THAI TG423 1125 BKK PAL PR501 1135 MNL SIA SQ65 1155 MNL RBA BI423 1200 BWN GIA GA982 1230 HLP
      667 words
    • Article, Illustration
      Lock icon ALL FOR ISLAM
      53 3 DEMONSTRATORS fhrtiig aati-Amerieaa slagaas in (mt af the besieged US Embassy ii Teheraa ea llindty. Ia Ike embassy are 5$ Americans wha have bees held hestages far S3 days. The demeastratars wear symbettc white sheets represeatiag shraad which is the sUoi far Wilttagness la die far Islam.
      UPI photo  -  53 words
    • THE REGION IN BRIEF
      • Article
        Lock icon CHEAPER CHINESE OIL
        331 3 Agencies THAILAND imported 6.98 billion litres of crude oil worth US$736 million (5H.600 million) in the first eight months of this year, the National Energy Authority (NEA) said. During the period the country bought 566 million litres of crude from China at preferential prices, quoted at $13.81
        Agencies  -  331 words
    • Article
      Lock icon Seoul lilts ban on anti-govt action
      487 3 UPI THE Cabinet of South Korean President Choi KyuHah will lift a controversial ban on anti-government activities and then resign en masse to give the newlyelected Head aI State a free hand to reorganise his administration, official sources said yesterday. The Cabinet held a
      UPI  -  487 words
    • Article
      Lock icon Asian airports form group
      118 3 AFP A TEN-NATION regional association of Asian Civil Airports has been formed with its headquarters In New Delhi. The announcement was made by Mr E Loaeza, president of the International Civil Airport Association (ICAA), at a press conference yesterday which concluded the two-day regional meeting of
      AFP  -  118 words
    • Article
      Lock icon Chinese insurance
      275 3 NYT AP CHINA plans to revive its domestic insurance business next year and has already stationed more than 300 agents in more than 100 foreign ports and cities to provide insurance coverage for a variety of trade and transportation deals, the rMw—news agency, Xinhua, has reported. Mr Song
      NYT; AP  -  275 words
    • Article
      Lock icon Harijans protest
      122 3 Reuter POLICE opened fire to quell rioting in India's western Maharashtra state yesterday as thousands of backward-class demonstrators staged protest marches statewide. The marches were held on the birthday of late Harijan (untouchable) leader Dr B R Ambedkar and called for the renaming of a university in Aurangabad
      Reuter  -  122 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      109 3 fly 14 million passengers a year to over 75 cities in The Far East, The Pacific, the US. A Mexico, South America and Europe. Our all-717 and 717SP fleet is one of the younges most modern in the world. Los Angeles South America The only direct 7475, every Tuesday and
      109 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      55 4 I congratulations bestwishes to MOUNT ELIZABETH HOSPITAL on the occasion of its official opening from WUTHELAM GROUP WUTHELAM HOLDINGS LTD EASTERN ARCHIPELAGO INVESTMENT (HK) LTD GOH ASSOCIATES INVESTMENT (HK) LTD OGU REALTY CO LTD LIANG COURT LTD TAISEI INVESTMENT (HK) LTD WUTHELAM REALTY (S) PTE LTD LIANG COURT PTE LTD
      55 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      89 5 congratulations best wishes to MOUNT ELIZABETH HOSPITAL on the occasion of its official opening *5 I from CAR/WELLE GROUP HONGKONG CARAVELLE INVESTMENT CO LTDCARANIP FINANCE CO LTD CARAVIC ENTERPRISE LTD INTERNATIONAL FISHERIES LTD SURABAYA LAND LTD CARAVELLE CO CARAVELL CO LTD SEAWISE TRADING CO LTD SURAMARINE CO LTD TAIWAN CARAVELLE
      89 words
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  • Article
    We advocate moderation
    445 6 IT IS ONE of the profound mysteries of the universe that man has always found great difficulty in coping with the rewards of success. Hundreds of novels and many millions of words have been written around the archetypal unhappy millionaire, the lucky man whose steps, after he
    445 words
  • Article
    Learning to drive defensively
    323 6 THERE is a certain irony about the proposal that Points Demerit Scheme offenders should have their periods of suspension reduced if they successfully complete a course on defensive driving. Teach defensive driving to offensive drivers? Yet, irony aside, it is a proposal which makes a good
    323 words
  • Article, Illustration
    Lock icon Smuggling is Lebanon's new business
    1026 6  -  "It is a case of bad money driving out good money" lamented a Lebanese merchant who was once a prominent importer. IHSAN HIJAZI tells how and why legal traders are being forced out of business by illegitimate importers who have flourished in Lebanon. IHSAN HIJAZI
    FT  -  1,026 words
  • Article
    Lock icon The electronic-age Sherlock Holmes
    589 6 Reuter RACECOURSE employees working with gamblers programmed a computer to accept bets on all the horses in a race. When the horses approached the winning post, the computer was instructed to cancel all the losing tickets and to produce only the winning tickets. The gamblers cashed
    Reuter  -  589 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      144 6 YOUR LIFESTYLE THERE IS a silent killer A on the loose. Its victims run into the millions. QV No one is safe. w I Its main targets are the working people, including unskilled AVOID STRESS workers, technicians, 11/ office workers, manfOO agers, professionals (99 and even housewives. Its name is
      144 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1236 6 igj I FULL OF VARIETY ■AVE Mi el mir, at ■0 prtee, of ew 18-year eM I 3 3 5 p Mm to to to will be as ■g grafl Mr Gnat whs suitaMe i SINGAPORE 5 1.00 fU Openinf Mowed by Sesame 6.35 Lucan Thunder God Gold Street 7.25
      1,236 words
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  • Article, Illustration
    Lock icon Criticisms made in pursuit of excellence
    1035 7  -  ROBERT HERSHEY explores one of the few businesses that never questions an employees' expense accounts. The Ronay organisation whose main product is the annual hotel and restaurant guide to Britain and Ireland still manages to turn in respectable profits despite running up tabs totalling
    NYT  -  1,035 words
  • Article, Illustration
    Lock icon CRIME AND CHEESE
    896 7  -  By HAROLD FABER NYT AN APPLICATION by a Canadian company to manufacture mozzarella cheese has plunged the New York State government into a complicated web of investigations and legal proceedings involving alleged control by organised crime of large segments of the Italian cheese industry in the United
    NYT  -  896 words
  • Article
    Lock icon Opportunity for leadership
    711 7  -  FORUM i With TOM WICKER NYT THE CAMPAIGN for the Democratic presidential nomination hat been reshaped, primarily by the crisis in Iran and President Carter's handling of it, but also by Senator Edward Kennedy's slow and uncertain start. A Lou Harris-ABC news poll this week confirmed that
    NYT  -  711 words
  • Article
    Lock icon Microwave welcome
    764 7  -  ENCOURAGING MOVES By PETER SCHUYTEN NYT IS THE microwave oven, long considered a stepchild of the kitchen appliance Industry, finally coming into its own? Apparently the people who make frozen foods are beginning to think so. The Swanson Division of Campbell Soup Co, in one of the most
    NYT  -  764 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 Bristow: Bankßickens uwtvs thc mpafeß woMjpNejs? J Oust BtCßuse P T&LD w«m V\G. »4ftS JICSS *MTfcJLU<i€/*C£_ (Ow p j fef<ve߀o v Mefc€- HCS Uf>seJ PfiCUT p UTTLC.THIrt& UWE. i PULL >poRseUF TOG€J"HQ? BlfcD6f?Rlhl I itf' l
      36 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        202 8 DEC 06 FU ARN ***** -13 Ahold 76 50 Akio 24 80 -03 AMEV 96 20 0.4 Am fa* 116 JO *02 Amro Bank 66 JO 0.1 Bergos* 5150 unch Berk 90 50 Bolt 64 TO -05 Borsumij 167 00 05 Burhmann 5600 -0J Byenkorf 60 00 unch Calve
        202 words
      • Article
        Paris
        277 8 DEC 06 Frs CORBEILLE Air-Liquid* 491 -a B S N Gervais Danone 888 8 CSt (ThomsonCsf) 445 -XI Cle Francalse des Petroles 264 -29 Compagme Financier? Compagme IS General* 345 50 Credit Foncier De France 471 1 Hachette (Llbrairle) ***** -06 Machines Bull 88.40 unch Mlchelln (B| 908 -2
        277 words
      • Article
        Brussels
        92 8 DEC 06 Fr» FORWARD MARKET Acer nu •5 Arbed 2106 5 AfUir 490 -4 Bruc&n sac 12 Bra-Lamb 1900 unch Canpac 6 Cock IH 332 -5 De Beers 265 unch Ebes 2106 •10 Electrobel 6640 •►100 Ob-Inno-Bm 2706 110 Oe* 974 -10 Hobo* 2609 so Petro 5640 unch Ryl
        92 words
      • Article
        Frankfurt
        211 8 DEC 06 Dm Aef-Telefunken 38 40 -0.1 Akzo 22JK unch Alls Leben aasoo unch Alls Ven 474 00 -8 BASF 140 50 -04 Bay H T Wbank Z3T00B Bay Vbank A 285 00 Btyvr in jo -0J I"PC moo BMW 116 JOB S25I0 -0 4 Chem Ver» 280DO -2
        211 words
      • Article
        Zurich
        189 8 DEC 08 Prmncs Action* Sulan Alusuisse Br Alusuisse Ret Brown Bovert Br Clba Oi|J Br Cite Oelcy PC Clba OrlCT Ret Credit Suisse Br Cqrdit Suliac Rr| Elektrowati Br. Oeorf* Fischer Br Globus Pe Hero Br 288 11*0 _i m 1730 1275 no 602 2290 432 2125 WO 406B
        189 words
      • Article
        Milan
        84 8 DEC OB Ure Ante 8.50 ***** unci) -1700 Butafi 66o -55 enlrale rial 8020 209S -300 •118 FinsMer Gen Immob IFI Prl Il&JeemenU 83.50 86 2250 ***** ■U -4 75 •156 •1000 Italfmi IUlsider Macnell M Pf 606 rn M0 -33-5 •U unch Marelli Ere Med lot) MMIinn 321
        84 words
      • Article
        Airline issues gain strength
        1242 8 NEW YORK WALL Street stocks closed higher in active trading on Thursday, with airlines showing strength on a broker recommendation. The market was aided by investor hopes that another cut in the prime lending rate might take place soon. The Dow Jones industrial average gained 6.66
        1,242 words
      • Article
        TORONTO
        196 8 DEC OS C$ Abltlbl 18V H Alcan 48 Algoma 2»S Bank Mont M'< unch Bank Nova ScoUa 24' j Bell Tel SIS Beth Corp BP Can Ltd HI Braacan ar. Camp Red Lake 18% unch Can Imp Bk Canpac SS>> J8*. S Canpac Inv Pf Carllnf OXeefe 18'» -J
        196 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      702 8 See Page 2 lor Asian stocks e See Page 9 for Jo'burg prices Where to wine, dine and entertain k Si:mjese^Q^ Seafood %J> N •>* w; u Curhuil <!lolrl ■l m,m w f t:>a r V* «ArA/ Steak House Try our Teppan-Yaki steak In our cosy, personalised atmosphere A truly
      702 words
    • Advertisement
      Page 8 Advertisements Column 2
      51 8 Have fun this Sunday. Take a break from the stresses of office, house am) school work. Relax «t our poolside. Take a dip. unwind and feel buoyant again for the week ahead. Y Mi N es m r; Si *rr m ■X': V« K m r» K I <«r HU
      51 words
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  • BANKING AND FINANCE
    • Article
      Iran crisis won't affect dollar's international role
      494 9  -  By LEE YOKE MENG THE US dollar's role in international financing is unlikely to diminish because of the current Iranian crisis, an Irving Trust senior economist said. Mr John Treanor, vicepresident of bring Trust of New York, said that oil exporters win find
      494 words
    • Article
      Lock icon Successful gold bidders
      159 9 AFP Reuter A TOTAL of 14 foreign banks and one US bank shared the 444,000 ounces of gold which the International Monetary Fund sold on Wednesday at an average price of U*****.37 an ounce, the IMF said. Of the foreign banks, five were German, four Swiss, three
      AFP; Reuter  -  159 words
    • MONEY AND EXCHANGE$
      • Article
        Gold
        232 9 SINGAPORE gold futures closed marginally higher yesterday on some weekend covering interest in moderately active trading, dealers said. Turnover was recorded at 388 lots, unchanged from the previous day's with activity centred on January, February and April contracts, they said. January closed slightly firmer at U*****.00/43t50 an ounce against
        232 words
      • Article
        Singapore market
        503 9 THE US dollar saw some mixed fortunes in yesterday's foreign exchange market. It firmed sharply against the German mark and the other European currencies but took a deep plunge against the Japanese yen. Trading during the day was extremely erratic with the rates fluctuating for the most part
        503 words
      • Article
        Tokyo
        144 9 THE dollar for overnight delivery closed sharply weaker at 241.60 yen yesterday, compared with a 244.50 opening and 246.30 at Thursday's close, dealers said. Trading was active, with volume 993 million, and no central bank intervention was detected. After recovering briefly on import covering by Japanese oil firms in
        144 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 10 to Dec 14: Offered: $35,000,000 Applied for: $113,000,000 Afiettod: $35,000,000 Accepted bids: $98.59 approximately 31 per cent; higher bids in full. Average rate «f dfeewut m altetmeat: 5.650 per cent per annum.
        50 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9J2 per cent.
        22 words
      • Article
        Asian $ rates
        174 9 Asian rates ASIAN currency deposit interbank rates as at close on Dec 7: 7 days 1 month 2 months 3 months 0 months 9 months 12 months ar-a 135/16 133/16 14 V« 14H 141/16 1315/16 14 13H 13H 13* 1211/1612 9/16 129/16 127/16 Swin. Dm. 1 month 3 months S
        174 words
      • Article
        Discount
        45 9 RANGE at prion offered by discount bourn on Dec 7: Overnight 3 to 5Vt% CU1 deposits SV4% CUm ■nklMhf 3-month Treasury bills 511/16 Sfl/16 3 month Bank bUls 8H «tt 3 months CD S0/16 87/16 6 months CD 811/10 Sfl/16 Source: National Discount Co
        45 words
      • Article
        Frankfurt
        41 9 FRANKFURT exchanges opening quotes on Dec 7: US 1.7463/73 (1.7383/93) Stg UU/ll (3.736/805) Cu l«72/*3 D PI 30.03/67 S FY 108J7/50 lit 2.134/151 F FY 4156/86 N Kr 34.S0 S.10 B FY (com) 6.103/154 B FY (fi») 6JM/M Yea 0.7347/3*7
        41 words
      • Article
        Australia/NZ
        55 9 AUSTRALIA/NZ exchange quotes yesterday: US dollar 1.*****.0957 Sterling 0.0562 0.5003 Ninety day air mall buying rates: Sterling 0.5318 Ninety day forward buying rates: Sterling 0.5154 US dollars L1129 New Zealand: Reserve bank midrate: US dollars 0.9784 Trading bank indicatfcas: Sterling 0.4498 US doDars 0.9734 Ninety day airmail baying rates:
        55 words
      • Article
        Hongkong
        185 9 THE yen was yesterday quoted sharply firmer against the US dollar in quiet trading owing to early mark/yen switching and substantial Japanese export covering in a thin market, dealers said. The Japanese currency was quoted at a late 240.20/ 70 after 239.00 to the US dollar following the Tokyo
        185 words
      • Article
        London
        261 9 THE dollar and the yen firmed in early London dealings yesterday, a reinforcement of trends overnight, dealers said. The dollar opened at 1.7483/89 marks after a late Hongkong quote of 1.7450/60, and promptly rose further to 1.7585 7600 marks. The yen opened at 240.90/ 241.40 to the dollar, below
        261 words
    • Article
      Lock icon Brazil suspends foreign exchange dealing
      35 9 Reuter »r»«ll f>i iKr **********1 miSIL S STutTlMte^Elk rMNiUr mtfrnJm M>wSjSr!ii!! g^£*^|Li> a ■•re Um > jn Mat SS* iM«Mk mu hb Isr IVS. Tha iMfiiUi iriir CjCLJiSLITS JMUMMS MBflltßgMßMkMl (lllifti
      Reuter  -  35 words
    • Article
      Lock icon Tokyo dealers are divided over outlook for the yen
      308 9 Reuter JAPANESE foreign ex* change dealers are divided over the prospects for the yen'i trend after the present temporarily lull on the Tokyo foreign exchange market. Some dealers ay the yen will decline to 250 to the dollar again in the
      Reuter  -  308 words
    • Article
      Lock icon IMF LOANS FOR EGYPT
      79 9 Reuter THE International Monetary Fund (IMF) is expected to grant loans to Egypt totalling more than US$l billion over the next three years. Hie semi-official daily Al-Abnm said the loans, $350 million a year over 1900-1982, would be used to offset Egypt's trade deficit, estimated this
      Reuter  -  79 words
    • Article
      Lock icon Japan to raise discount rate
      144 9 AFP AFP THE Japanese Finance Ministry said it will raise discount rate for short-term government securities, socalled Treasury bills, by 0.5 per cent to 5.625 per cent per annum effective Monday. The higher rate, raising the yield to 5.877 per cent from 5.182 per cent,
      AFP  -  144 words
    • Article
      Lock icon US money supply
      68 9 Reuter US NARROWLY defined money supply, M-l, fell US$l.l billion in the week ended Nov 28 to a seasonally adjusted (378.9 billion. Last week's figure was revised up to |380 billion from $379.8 billion. The M-l plus aggregate fell $1.8 billion to $592.7 bilhon from a revised
      Reuter  -  68 words
    • Article
      Lock icon INTEREST RATES LIKELY TO REMAIN VOLATILE
      868 9 Reuter THE US interest rates will remain volatile over the near term because of unsettled domestic and international conditions, money market analysts and economists forecast. A fundamental downturn In rates will probaSy not occur until next spring and is likely to be only modest,
      Reuter  -  868 words
    • Article
      Lock icon FLOATING RATE EUROBONDS
      175 9 Reuter THE currently buoyant floating rate sector of the Eurobond market will come under pressure in 1980, according to the latest International Bond Review by Phillips and Drew. Its rapid growth occurred in a period of rising interest rates, and when spreads on loans in the parallel
      Reuter  -  175 words
    • Article
      JOHANNESBURG STOCK PRICES
      269 9 DEC M 1 Rand INDUSTRIALS A Alpha as uodi Abercom AK And CI aw (10 ♦7 30 AMir MM 125 Btrlon a;— no 1000 H unch MO unch Currte Plntnct Or Bmh Irwl uo MOO unch Edcon C/lMr* Emttdf red voifc no saoo so -ft r»»it OiMIU
      269 words
    • Article
      Lock icon Eurocurrency market and corset controls
      361 9 Reuter BRITISH corporate borrowers are not resorting to the Eurocurrency market to any great extent In a search for funds denied them by the restrictions of the corset on UK domestic lending, London haniHwg sources said. Following the abolition of the remaining exchange controls on
      Reuter  -  361 words
    • Article
      Lock icon THAILAND'S RESERVES
      69 9 AFP THAILAND'S reserves stood ajt U552,748.3 million at the end of October, the Bank of Thailand said. This is a decrease trf $328 million from September's figure of $3,076.3 million, while at the end of December last year, the country's official reserves were $2,557.3 million. The bank also
      AFP  -  69 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      191 9 4JL i i 'J TO jSffiS®* Why idle away your lifa and languish in poorly paid job* with no future whan you can mova ahaad with tha RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of tha following court** and gat just THAT QUALIFICATION! Institute of
      191 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1160 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially Dated aad hiiolnoao in and reparted to tkt Stock oi Singapore yesterday with the number of abuta traded Mwwn in farackota la lota of MM units unteao otherwiae specified. SECTION ONE INDUSTRIAL COMMERCIAL Acuta (131B) Allied Choc (1228)
    1,160 words
  • Article
    Unit trusts
    128 10 (Munin' frt— Dm S) The Commerce LJJ LS The Stvtag Fund LS L4T S pore Prof Fund MB LS S'pcre Sac. FMad L7B LS S par# Invest rand LSI UB (Carre* pr Income Band MAMA KND D UlUT *m) L17 vnu LS S-pore Bqutty mwJ Ml UM HDKN
    128 words
  • Article
    SHARE INFORMATION SERVICE
    2656 10 Gr*s Gr*s Net 1V7V Company Last Dlv Div YTd P/E Vol Dav High Low Sale or- Cvr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 233 15.0 23 6.4 11.9 m 196 123' Alcorn 196 10.0 13 5.1 211 148 110 Allied Choc 131 -2
    2,656 words
  • Article
    In Kuala Lumpur
    1396 10 BID sad offer prices officially HMed and hiieinfM ia and reported to the Kuala Stack Exchange yesterday with the number of stew traded Btera M brackets in ktfs of MM uaiti nates otherwise specified. MDURBUIA Mm (1MB) Ma(LBBLB) MM BM (LMB) A On (LMB LMB) AMBfBMBMBB) BM
    1,396 words
  • Article
    COMPANY MEETINGS
    158 10 PUBLIC Textile Bbd: BOGM to be held at Tan6ag Room, Hotel Merlin, A, Farounar Street, Penang. at 12 noon on Doc 11. to be heM aMhe Ooaflerence Roam oI Oooming A Chew, G A C House, No 5C, Jalan Gnrney. Koala Lumpur, on Dec 12 at 12 noon.
    158 words
  • Article, Illustration
    Uncertainties weigh heavy on traders
    437 10 togaflks BKIMUIMM ivj m loop 55tt£e5r •J por coal evrest year kM bS te dpM (Bml oa aeatlh 21!11hw2,5!Z5n SaStar MgkHMTS wklek Mild fartker mr»wß tke preseai Uatfl B dearer ptrtair '""''MBMI' Bißrkel Oeiilae lanatMwai flaeß to imLbib m —laß to me or Mm nto
    437 words
  • Article
    Kuala Lumpur higher
    445 10 BETTER buying support all round lifted share prices moderately higher on the Kuala Lumpur stock exchange yesterday. Trading was slightly more active, and with initial deals struck at steadier levels, prices continued on the uptrend on some geniuue buying and short covering. Turnover improved slightly to LIS
    445 words
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  • COMPANY NEWS
    • Article
      Five year comparative results
      197 11 1TO If* um IMS vm Hours run 31,376 34,386 35,186 34,816 34^68 Area dredged (acres) 166.43 147.90 147.57 150.84 170.47 Cubic yards dredged ('000) 29,067 25,929 26,924 27,965 29,271 Tin concentrate recovered (piculs) 52,849 40,659 53,601 42,464 54,027 Yield of tin concentrate per cubic yard (kati)
      197 words
    • Article
      MTD is set for strong growth
      520 11 MALAYAN Tin Dredging (MTD) looks fairly weU set for another year of strong earnings growth after the 66 per cent rise to $40.4 million cm a group pre-tax basis in the last financial year to June 1979. Stock analysts initially, and now MTD chairman
      520 words
    • Article
      RESULTS DUE
      195 11 Date La st Fall Year Cwnpuy Ported ft Wilfrid Net EPS Grass Pre-tax last year (cents) Dtv. <%) PreOt (fill) MTC F 17/11 33.0 43.6 52,655 Wearnes F 28/11 25.2 17.0 31,856 SEA Corp F 28/11 93.2 45.0 3,583 SEA Lumber F 29/11 39.0 6.0TE 3,583 BATS I
      195 words
    • Article
      DIVIDENDS ANNOUNCED
      475 11 Current Payment Ex Date Books Cioae Date Total (tor Total for Payable tke year Previous year Cold Store Glenealy KG Floor Rah Hyd Toshiba P M Hides C Sugar* Isl A Pan UIC F Merlin Sap Corp PMII Premium Hides Inchcape Metal Box Bhd Inchcape Lou Shangri-Ln MalakofT
      475 words
    • Article
      SCRIP ISSUE
      97 11 Company Particular* Ex Dat« Books Close Pab Text MUhd SKA Con Temtrloh Sktl(ri-L( Bonus Issue of 1 for 4 Bonus Issue of 4 for 5 Bonus Issue of lfor 1 Bonus Issue of I for 1 Bonus Issue of 1 for 5 Decs Dec 11 DecS MYA Dec
      97 words
    • Article
      Malayan Credit makes a loss in first half-year
      704 11  -  By DAVID CHOW MALAYAN Credit flips into the red in the first half of its current financial year ending in March 31 1980, dashing hopes that the encouraging recovery of the preceding year may at least be maintained this year. Group turnover
      704 words
    • Article
      Higher prices lift profit at Petaling Tin
      308 11 AS with other tin companies recently, Petaling Tin has reported a substantial rise in earnings from higher output and better prices. Unaudited pre-tax profit for the year ended Oct 31, rose 59 per cent to $2L23 million on an 11 per cent increase
      308 words
    • Article
      Magnum and KLSE reach agreement
      397 11 MAGNtJM Corporation and the Kuala Lumpur Stock Exchange announced on Thursday that an "amicable agreement" has been reached on the Issue of whether Magnum should hold an extra-ordinary general meeting over the sale of its Permas Jaya shares to Bandar Raya Developments. The Joint statement
      397 words
    • Article, Illustration
      SIME DARBY TRADING
      81 11 MR Halim Dahlan (Ml) will take up the post of development director in Sime Darby Trading and Manufacturing (Asean and Pacific Basin) division in Kuala Lumpur (ram Jan L Mr Halim, 37, has since last May been development director of the group's western division based in London.
      81 words
    • Article, Illustration
      Lock icon Tussle ends in a draw
      506 11 W awascL^ by HOCK LOCK SIEW IT must haw come as a great relief to shareholders that the battle of words and will between the Kuala Lumpur Stock Exchange (KLSE) and Magnum Corporation over the need for the latter to convene an extraordinary general meeting
      by HOCK LOCK SIEW  -  506 words
    • Article
      COMPANY BRIEFS
      226 11 (1911): Audited profit before taxation for the year ended July 31 is $3.09 million ($2JB million). Directors will recommend the payment of a first and final dividend of 12 per cent (6 per cent) leas 40 per cent tax. SOUTH Pacific Textile UmMm has reported group pre-tax profit
      226 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      258 11 te A f 0 V. A'> s If k; l a *1 *v* ft ss 4^ *W *r *> w »M- if" I JB V FOR YOUR ii:;i TWO GREAT COOKBOOKS Complete Asian Meals From over twenty years of teaching her art (to Japanese, Europeans, Americans, British, Indians and Chinese)
      258 words
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  • Article
    Lock icon Call for active Sino-Japanese cooperation
    281 12 AFP CHINA and Japan should lay the foundations of a "glorious 21st century" by their active cooperation hi the 1980», visiting Japanese Premier Masayoshi Ohira said in a speech in Beijing yesterday. Mr Ohira announced that a statue of monk Jian Zhen, who introduced Chinese
    AFP  -  281 words
  • Article
    Lock icon US Steel puts off iron-mining deal in China
    276 12 Reuter THE USsl-billion iron-min-ing project in China that US Steel Corp announced one year ago, will be deferred for at least six months to a year, chairman David M Roderick told reporters. He also said the size of the mine might be
    Reuter  -  276 words
  • Article
    Singaporeans can live to a ripe old age
    124 12 SINGAPOREANS were yesterday urged to take the National Health Campaign seriously and cultivate healthy lifestyles. Speaking at the opening of the National Health Campaign 19T9, the Minister for National Development, libTeh Cheang Wan, said the duty of the Singaporean to his family,
    124 words
  • Article, Illustration
    A DREAM COME TRUE
    94 12 SIDNEY RITTENBERG, a 68 yean eld Americas, werked en radie bmleaite fer the Chinese giTenmnt fer nitre thai a dtnsdn Jailed twice fer a total sf fifteen yean (Us mbw! term la prtoen ending in 1OT) he has fennd Us dream eeme trie the United States
    94 words
  • Article
    Lock icon Feuding hots up as Kazem's men occupy Tabriz
    510 12 Reuter MILITANT opponents of Ayatollah Ruhollah Khomeiny appeared to have taken total control of the northwestern city of Tabriz yesterday in what could be the gravest regional crisis since the February revolution. The Moslem militants, supporters of Iran's second most important religious
    Reuter  -  510 words
  • Article
    LONDON STOCKS
    760 12 LONDON, Fri. Leading industrials opened quietly steady while oils and golds were a shade lower, dealers said. Heavier-priced gold issues were generally 25 cents easier in line with lower bullion indications, dealers added. CHI shares mainly shed 2p apiece as in BP, Burmah and Tricentroi while leading industrials
    760 words
  • Article
    KL to get new timber grading system
    122 12 1 THE DIRECTOR general of the Malaysian Timber Industry Board (MTIB), i Endk Abdul Razak Majld, yesterday confirmed that a new timber grading system would soon be implemented to improve the quality and acceptability of i Malaysia's timber exports. The MTIB intends to
    122 words
  • Article
    Lock icon Target of 7 million barrels per day
    643 12 Agencies US ENERGY Secretary, Charles Duncan, yesterday set a target of seven million barrels a day far US petrol consumption in 1360 and said that rationing was possible if oil supplies from abroad were cut Although the target is about the same as
    Agencies  -  643 words
  • Article
    Lock icon US investments up despite recession
    330 12 NYT DESPITE recession worries, US companies plan substantial increases in capital outlays next year, the Commerce Department said on Thursday. If the plans are fulfilled, the increased business investment* should help to cushion the expected economic decline and could reduce inflation in the long run.
    NYT  -  330 words
  • Article
    Lock icon Ban on foreign ownership of US land challenged
    196 12 UPI THE US Chamber of Commerce on Thursday announced a legal challenge to an Oklahoma ruling barring foreign corporations from owning i»«m in the state. Attorneys said the lawsuit, filed in the US district court in Oklahoma City, could affect foreign investments
    UPI  -  196 words
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  • LEISURE TIMES
    • Article, Illustration
      Sweet serenade
      1436 13  -  SOUNDS OF CELEBRATION By RAHIM KASSIM By I RAHIM KASSIM Shangri-La THE FAMILIAR and melodious sounds of Christmas carols progressively kindle the spirit of goodwill turning our thoughts to feasting, merry-making and celebrations. The excitement rises as Christmas draws nearer. Shopping is a must for everyone and plans
      1,436 words
    • Article, Illustration
      The gift gallery
      1015 14 Only 16 days to g0... IT'S A TIME (or emotional and material extravagance. What can be better than a Rolex Oyster Perpetual (or your loved one to be appreciated years and years after this festive season? The Rolex Men's Date Just goes for a lifetime, with $2,974
      1,015 words
    • Article, Illustration
      THE PATHWAY TO EXCESS
      573 16  -  The dangers of overeating and over-drinking have been well catalogued. Here, MARGARET THOMAS traces the path from eating-to-live to living-to-eat and establishes there is only one real beneficiary of the accomplished gluttony of man. MARGARET THOMAS ONCE upon a time, man had to hunt and gather
      573 words
    • Article, Illustration
      You're spoiling my tummy
      439 16  -  By CHOO AI LENG THERE is no love sincerer than the love for food," George Bernard Shaw once said. Even George, himself a strict vegetarian and for all his succinct wit, would have found it terribly difficult to stick to his bland diet if he was
      439 words
    • Article, Illustration
      If he's still sober...
      370 16 IF YOU'RE sure you won't be staggering after the Christmas Eve dinner and would really like to gorge yourself before you start on your diet in the new year, then a Christmas Day buffet lunch is Just the thing for you. But a word of warning!
      370 words
    • Article, Illustration
      Crispy, crunchy and creamy
      167 16 GOODIES, mmmtMrm, etkes, pastries »■< wlitew yea eafl ttcm, •ilMMchligNtke (••Hag ef wtratk, happtaess aad «few to Mke OiMbm a fu aai gay mm. It fti a time to fee wtth (rinds aai tared mm to Mjqr the sweet delights wWeh taste especially geeddariac thtoseaasa. Maadarla
      167 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      26 13 .1 MP _jkmdb_ Centre spread The Gift Gallery, give your darling daughter a $32,000 surprise II The passage to excess IV Yummiee for the tummy IV
      26 words
    • Advertisement
      Page 13 Advertisements Column 2
      621 13 lUR KODAK BIMBf Mr. Tim BritMi Expimnoi 1945-1975: i P Ca/vocoressi The British Experience is a sane, I erudite and witty guide to the events and changes that have j taken place in Britain since J the war, from the exuberant optimism of forties to the fears and confusions of
      621 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      943 13 WHAT WHERE FILM SHOWS THE FRENCH Embassy and Alliance Francaise's Joint presentation of French films this month begins on Tuesday with 81 Jttals Un Esptai (1966, Black and White, English sub-titles). A physician of good standing is unable to prove his innocence when accused of being a secret agent. Directed
      943 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1043 16 crazy fabulous iw HW New answers to old questions about your health, fitness and sexuality. Every man, of every age, has questions and concerns about himself A his health, his heart, his appearance, his sexuality, and his fitness. Here are straight answers to questions that plague the minds of fIH
      1,043 words