The Business Times, 15 December 1979

Total Pages: 16
1 16 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 141/1/71 SATURDAY, DECEMBER If, IRI SOCENTS
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  • BRIEFLY...
    • 56 1 KUALA LUMPUR, FYi. The chairman of the Asean Standing Committee, Malaysian Foreign Minister Tengku Ahmad Rithauddeen, will make an official visit to Hanoi. A joint statement issued at the end of a oneday special meeting of Asean foreign ministers said that the planned visit shows Asean's willingness
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    • 77 1 The gold price stayed firm on Far Eastern and European markets yesterday as dealers continued to trade the yellow metal at the record US$46O an ounce level established in New York the previous day. In Hongkong, the metal was sold up to US$55O a tael (1.33 ounces)
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    • 86 1 AFP PARIS, Fri. Western countries can at best expect overall growth of one per cent next year as against three per cent this year, experts at the Organisation for Economic Co-operation and Development (OECD) said here today. They also forecast Third World payment deficits totalling US$56
      AFP  -  86 words
    • 60 1 AFP CANBERRA, Fri. Rises in international air fares and freight rates out of Australia of between three and five per cent were announced today by the Transport Minister, Mr Ralph Hunt. Mr Hunt said the increases following further worldwide rises in aviation fuel prices had been agreed reluctantly
      AFP  -  60 words
    • 79 1 Reuter OTTAWA, Fri. The six-month-old government was defeated in Parliament last night and Prime Minister Joe Clark is expected to call a general election for early next year. The government fell by six votes, losing a confidence vote on a tough budget it announced on Tuesday. Mr Clark,
      Reuter  -  79 words
    • 86 1 In a move to provide more effective control over the operation and maintenance of public swimming pools, persons who suffer from cuts, wounds or sores will not be permitted to use the pool. The management of such swimming pools will be required by law to bar them
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    • 77 1 AFP WASHINGTON, Fri. The Soviet Union has evidence of major oil reserves in Afghanistan but is keeping them secret from the Kabul authorities, sources close to the CIA asserted here today. Soviet engineers carried out a geological survey between 1969 and 1971. They produced one report for the
      AFP  -  77 words
  • 131 1 Rises Indices Lingui 344 28 Nov 13 Nov 14 E»so Acma Shell Sea View 585 20 B.T.Index: 2741.06 2768.76 258 398 187 16 14 14 10 Industrials: Finance: 410.66 412.83 758.06 755.88 C Sugars 348 Hotels: 332.45 333.88 Perlis Plant 260 7 Properties: 261.79 263.09 Pegi Msia
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  • Article, Illustration
    157 1 Rises Indices Pan. E3ec 142 35 Nov 13 Nov 14 Lingui 350 30 B.T.Index: 3934.40 3965.06 G. Kent (M) 400 30 Industrials: 447.14 448.99 SovTan 249 22 Finance: 668.43 667.49 Matsushita l 550 20 Hotels: 299.66 300.81 Esso On) 585 20 Properties: 256.42 257.06 Sea View 188 14
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  • 806 1  -  LACK OF UNIFORMITY By LEE YOKE MENG THE RULES and guidelines governing the actions of accountants came under fire for being inadequate and in parts, antiquated. A local financial controller, speaking at the Sixth Conference of Singapore Accountants on Thursday questioned the point of having
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  • 198 1 A SECOND Australian bank will soon be operating an offshore branch in Singapore when the Australia and New Zealand Banking group upgrades its representative office. The group said it recently obtained approval in principle from the Monetary Authority of Singapore for the conversion. A spokesman
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  • 401 1 MILLIONAIRE Hoo Uoag Thing, once owner of a whole clutch of properties put under receivership by the Moscow Narodny R»nir for over a year, is attempts to buy back the flagship of the group. A spokesman of the receiver Turquard Youngs yesterday confirmed rumours
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  • 309 1 A JAPANESE telecommunications equipment manufacturer which found itself sliding into the red when it lost out on orders to supply major client, Telecoms, is now effectively on its way up again after a complete switch to a new product The company, Fujitsu, a major manufacturer of telecommunications and
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  • 234 1 A BOX mv Mm P»rIktrt wBl, K fMK in« w ttat aij inHtoeto af a certain length af mpwtmni mj to regtotoicd wlttoat having to P»U IMflMlMl Ito Mil, kmmm m the BUI, vm nil In PMfli! neat far tto tint time tost
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  • 439 1  -  By RUTH CHENG ASEAN businessmen are hoping to involve Japan in regionl development through a working relationship between AseanCCI Industry Clubs and their Japanese counterparts. The matter will be discussed at the forthcoming Second Asean-Japan Economic Conference on Monday. Activities which could be covered within
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  • Page 1 Advertisements

  • TRADE AND INDUSTRY
    • 429 2  -  By RUTH CHENG AMERICA'S second largest selling cosmetics, Cover Girl, has come to Singapore. Launched in October, a target of $1 million in sales is projected for the first year and a $500,000 advertising campaign has been launched to achieve this. Besides colour advertisements in
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    • 206 2 FORTUNE Advertising is holding an international conference of the board of directors of Worldwide Advertising and Marketing, (WAM), the first such conference to be held in Asia. Sixteen countries are represented at the conference which started on Wednesday and will end tomorrow. The conference will
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    • 157 2 THE Government has a contract to Enterprise Electronics Corporation of the US for a Ss2.l million advanced weather radar system to be installed at Changi Airport. This system will enable the Meteorological Services Department to monitor the movement and development of rainstorms and warn pilots and the
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    • 241 2 AN EXPERT in audio-tape recording has been appointed by the United Nations Educational, Scientific and Cultural Organisation (Unesco) to assist Singapore in its Oral History Programme. Mr David Lance, Keeper of the Department of Sound Tapes, Imperial War Museum in London, will train
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    • 151 2 THE DEPARTMENT of extramural studies of the University of Singapore will conduct a 16-lecture course on Cheques in Law and Practice at the National Museum Theatrette every Tuesday and Friday from 7-9 pm beginning Jan 4. The lecturer will be Mr Clifford Abayasekara, a lecturer
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    • 331 2 SINGAPOREANS will new be able to bay diamendg, which mom with u interuflMillf accepted certificate Mi ft free I—raaee ptUxy, at wbilcnlc prices. ——11 Enterprises, leefttod ftt the IMb Itoer ef Meant Elisabeth Metal Centre, has bees farmed to sell direct tram
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    • 414 2 A LOW-COST metallic hardener for concrete floors for use in places with light, medium, heavy or extra heavy traffic flow is a modern innovation in the building industry. Mr Raymond C.H. Tan, managing director of W.R. Grace (Singapore) Pte Ltd, an American company specialising in
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    • 348 2 THAW frozen meat as slowly as possible in your refrigerator to increase its tenderness. This is the advice of Mrs Alison Hoist, an author of 10 bestselling cook-books, who is currently in Singapore to give a series of cooking demonstrations during the current New Zealand
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    • 406 2 THE SINGAPORE Jaycees have been urged to consider setting up day-care centres staffed mainly by senior citizens and professional child specialists. Speaking at the 30th Installation of the Singapore Jaycees at the Tropicana Theatre Restaurant last night, the Member of Parliament for Telok
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    • 275 2 THE Japanese Chamber of Commerce and Industry, Singapore, in conjunction with the 10th anniversary of its founding next Tuesday, will present gifts worth $12,000 to the Japanese Language Centre, Ministry of Education. Besides these gifts, comprising a colour television set, a video tape recorder, a volume
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    • 401 2 COUBBBB AND TAIJto Jan 2-Apr 9: Business Finance, Joint Campus, University of Singapore Jan 2-Mar 12: Law Relating to Real Property, Nlsen Hut 6A, University of Singapore Jan 3-Feb 25: Digital Electronics for Microcomputers, Nissen Hut 10A, University of Singapore Jan 3-Mar 13: Structure of Written English, Queenstown
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  • Page 2 Advertisements
    • 110 2 m I in AS I- I I AA 4 i You'll en|oy the following Fully furnished apartment includes TV and Telephone Fully equipped kitchene f te. Linen Housekeeping Roomservice Free water Electricity supplies Health Club facilities comprising sauna swimming pool squash badminton cour's and gymnasium Convenient location few minutes from
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  • Page 3 Advertisements
    • 282 3 ft 8* s* jrj X W m 9 m >*'_i m '■v: k;; S? c premises of Mondial, the International Investment Company, we are pleased to offer for sale a rare, precious and very beautiful pink diamond. Unique in colour, this stone has been specially cut for And for half
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  • RAW MATERIALS
    • 244 4 FAIRLY quiet conditions have marked the week's trading which has been largely influenced by overseas markets as local interest and feature proved lacking, says Holiday, Caller, and Balk in its review of the Singapore and Malaysian rubber markets for the period Dec 6 to
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    • 393 4 AFP PRODUCERS' stocks of refined zinc in the Western world fell for the first time in five months during October, while those of refined lead were at the lowest so far this year, statistics from the international lead and zinc study group revealed. Slab zinc
      AFP  -  393 words
    • 76 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated. LONDON: Thur* Previous Malaysian 5% (fa bulk per tonne 647.50 Jan unch Feb unch 652 mir Sumatra 5% ffa bulk Dec unch 632 1 1 sir Jan 645qtd 645slr Feb 657",qtd 652 1 j sir Mch
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    • 324 4 BMGAPOBE: Yesterday's closing prices in SJ per kilo, 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 JO, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.63, Special
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    • 140 4 SOYBEAN futures on the Chicago Board of Trade closed mixed on Thursday, clinging to fractional gains but losing as much as US 11/4 cents a bushel. Retreating prices for corn and wheat futures prompted late local selling in the soybean pit, traders said. Locals had covered short positions early
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    • 353 4 THE market closed lower yesterday, with January One RSS buyers quoted at 295.25 cents per kilo, down one cent from Thursday's close, dealers said. Prices eased one cent during the morning session on some stale bull Uquidatkm, they said. Trading in the afternoon was mainly confined to switching of
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    • 302 4 R.A.S. prices In cents per kilo yesterday: Noon flar (per kilo) Buyers Seller* tat. 1 R.S.S. prompt f.o.b. 293 25 294.25N tat. 1 R.S.S. January 2S6.25 286.75 tat. 1 R.S.S. February 296.25 298.75 tat. 2 R.S.S. 286.00 287.00N UK/Coat 285.00 286 OON tat. 3 R.S.S. 283.00 284.00N UK
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    • 107 4 NOON SSI It and SMR pricae ym) HAS reman (Cimtl Harare 1 t Mtk) Mton (Farward MUI SSR 20 (l-tom pallet) 266.80 26ft 50 N ***** 770.00N SSR50 (1-too pallet) m m 285 SON ***** 287 00N MIILB SMRCV (1-ton pallet) 310.00 312.00N simo 313.00N SMRL (1-too
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    • 310 4 QUIET and featureless trading conditions persisted on the Singapore produce market yesterday. Prices were still showing an easier tendency (or wsnt of buying support from overseas. The pepper sector was totally devoid of foreign buying interest. Deals in small quantities of black peppers were all on covering account.
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    • 227 4 SUGAR trading yesterday continued the recent quiet and featureless trend with no trades registered as on Thursday, dealers said. January closed at US 15.00/30 cents against Thursday's 14.80/15.00 close with distant October at 15.80/90 against 15.45/55 cents. Cotton trading continued quiet with no trades done as on Thursday,
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    • 192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cmttm yam: China Blue Phoenix 20b 2,320 32s 2,700, 40s 3,040 (per bale at 400 lbs). Plcee gMte: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 85 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from Dec 13 until further notice: Rakbar: 233 cents a kg; Capra: J1.091.29 a tonne; Paha kernel: {965.75 a tonne; Wklte pepper: {4,619.79 a tonne; Blaek pepper: $3,091.98 a tonne; The rates at duty payable are:
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    • 31 4 Rubber: Dec 14 Singapore: January: 295.25 cents (down 1.00 cent) Malaysia: January: 295.00 cents (down 1.00 cent) Tin: M 92.169 (np $43) Official offering: 184 tonnes (down 3 tonnes)
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    • 72 4 THE Btraits Mb pries la PecMtapisv MPMJ yfi] ■ASK y Wicn»j **I** IJ per steal to a new Ugh at fe,lrfTto stand 921* ahsve the MwatliMl 11a Agreemeat ectitag, dealers said. The nsntlaalag andertsla &»ver the US r»ltsrtag U,tang teas stockpile da saw father sappsrt town the UB,
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    • 174 4 WHEAT futures on the Chicago Board of Trade retreated from early gains on Thursday to finish US 2-3/4 to four cents a bushel lower, closing near the lows for the day. Morning gains resulted from reports that several Opec countries already have announced higher prices for their oil ahead
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    • 58 4 THE American Commodity Exchange Inc, Comez, board of governors will bold a special meeting on Dec 18 to discuss the copper situation, an exchange official said. The official would not say what, if any, actions in the copper contract would be considered at the meeting, but said
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    • 729 4 COFFEE: Robusta futures yesterday morning ended a very quiet opening call £10 per tonne down to unchanged day earlier in sales of 169 lots that included 65 lots of cross trades. Dealers said opening losses were In line with earlier market expectations based on New York's close. There
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  • ASIAN STOCKS
    • 746 4 TOKYO Source: DBS-Daiwa THE MARKET started higher yesterday, led by energyrelated issues including trading-house issues following news that three politically moderate countries, Saudi Arabia, UAE and Qatar, will strengthen their solidarity in terms of raising crude oil prices by US$6 a barrel at the
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    • 227 4 DEC 14 Cents INDUS TRIALS A. C. I 225 -S A. N. L 183 4-1 A. P. M 141 -3 Ampol Pet. 120 ♦2 B. H. P. 1090 415 Bank NSW 2TO unch Borai 214S Brambles inn -ft C. B. A. 246 unch C. 8. R 480 11 Coal
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    • 51 4 FINANCIAL TIMES INDU8TKIAL8 Thursday 421A Wednesday 423.6 Week Aco 411.7 DOW JONES AVERAGE INDUSTRIALS Thursday i 830.00 Wednesday 835.87 Week ago 835.07 H.K.HANG SENG Friday. 7®4.78 Thursday 790X32 Week a«o ***** 8YDNEY INDUSTRIALS Friday 580.50 Thursday 567-38 Week ago 551.87 ALL ORDINARIES Friday ***** Thursday 710.86 Week a«o
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    • 251 4 DEC 14 HK$ Amal Rubber Assoc Laird Hotels Bowaters Cheong Kong China Engs China Light City Hotels City Urban Comsopol Cross Harb Tunnel East Asia Navlg Far East Exch Phllex 4.70B 4 35xd H 20 90 II ia?o H 1 MS 9S0B 6. TON ***** 0.1 -0-25 0J unch
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    • 223 4 DEC 14 Bahu Asia Credit Asia Fibre Ayuthaya In*. And Trust Bangkok Investment Bangkok Bank Bangkok Drying And Silo 11* 158 328 -1 unch -2 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd 470 130 IM 3 -S unch Berll Jucker Carpet International
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    • 84 4 DEC 14 Peaoa Acoje Mining am 0-001 AUu Con A Alias Con 21 JO «.7 Bagulo Gold an -0 000 Bfnxwl Con. B BF Ooodrtch 32-00 1V00 -1 uneh rnrp tJO -OS Into B Landoil oie uneh Lepanlo B .nso OJM Marinduqur B SjOO -02 Mrrairo Oriental A zz
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  • Page 4 Advertisements
    • 235 4 BEN AND Eg COMPANY LIMITED Dear Stockholder, 45 Spottiswoode Park Road Singapore 0208 Telephone *****11/*****11 Telex RS ***** WITHDRAWAL OF SINGAPORE SHIPPING AGENCIES (PTE) LTD. f SSA") PROPOSED SALE OF WAREHOUSING TRANSPORTATION PTE LTD. ("WOT") We wish to advise stockholders that SSA has now continued that they have decided not
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  • OVERSEAS
    • 759 5 ARRIVALS Service Local Operator Nuber Time From SLA SQ913 < 3060 HKG MAS MH601 1 0700 KUL SIA/BA MAS SQ/BA17 1 MH682 1 0710 mo LHR/BAH KCH SIA 9Q101 1 0815 KUL MAS MH621 1 OMO PEN MAS MH607 I 0645 KUL MAS MH671 1 0945 •PEN/KUL
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    • 55 5 A disciple of Swami VLshna Denittdft standing on Ids head In front of the Islamic Centre near the Iranian Embassy in Washington en Urarsday. About half a desen disciples joined the swami fer a "medltational" pretest there ever Iran's holding of hostages at the US Embassy in
      AP photo  -  55 words
    • 315 5 AFP THE European Economic Community appears heading for the gravest crisis in its history over an internal power struggle following the European Parliament's un- precedented outright rejection of the draft budget for next year. Parliament's refusal to bow to the wishes of the Council
      AFP  -  315 words
    • Article, Illustration
      490 5 EXPECTED ARRIVAIfi TODAY KEPPEL WHARVES Barge LS 74 (GO P/O) 13 Barber Tonsberg (RO/RO) (1500 after Dong Min Kai Mani shifts Req. Starboard to) 46/47 Blue Mtsuyama (RO/RO) (after Kota Bali) 1/2 Bunga Melatl (after Laertes Must head east far D/L) 35/ 36 Dong Min (050hifts after
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    • 488 5 IN OTTAWA, the Canadian Prime Minister Joe Clark's minority Conservative government was defeated by the combined opposition on Thursday night in a noconfidence motion over a tough proposed budget, which could mean new elections (or Canada as early as February next year. The vote was 139
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    • 175 5 Reuter THE Egyptian government plans to raise the price of petrol and cigarettes by almost 20 per cent In the new year to meet the coat of Increased subsidies on »«<»rri«i goods, the semiofficial newspaper Al-Ahram said. It said Premier Mustapha Khalll alio
      Reuter  -  175 words
    • 621 5 UPI OPEC'S most moderate producers have boosted their oil prices by US|6 per barrel about 30 per cent on the average but the end result o1 their action may be to slow down the continuing upward spiral of costs for crude oil. United Arab
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    • 261 5 AFP EAST Germany most make further cuts in its consumption of energy and raw materials, Head of State Erich Honecker announced. The country must abo increase its exports to hard-currency markets and reduce to a mtntmiim its imports from the non-communist world, he said. Mr Honecker,
      AFP  -  261 words
    • 385 5 THE CHAIRMAN of a Japanese construction company yesterday appealed to the Malaysian government to give more emphasis to improving infrastructure facilities in the East Coast. Mr Ryuzo Sejima of Cltoh said he would like to see more importance attached to development in this area than
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    • WORLD IN BRIEF
      • 360 5 Agencies. THE SUPREME Court on Thursday cleared the way for termination of the 1954 mutual defence treaty between the United States and Taiwan, a victory for President Carter. The court, In an opinion supported by six of the nine Justices, ordered a federal district court to
        Agencies.  -  360 words
  • Page 5 Advertisements
    • 157 5 Malaysian Tobacco Company Bhd V I Iy.lKi MA The Directors announce the results for the year ended 30th September 1979 as folows:1979 1978 $000 $000 Turnover 482,19® 500,792 Profit before to* 51,062 52,655 Profit after tax 27,777 29,706 Transfer to Revenue Reserves 9,000 11,000 Interim dividend paid 10 cants per
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  • 491 6 THE responsibilities of accountants are heavy. To them is entrusted the task of translating on paper the financial health of a company. They are supposed to report to prospective and existing owners the worth, earning capacity and potential of a company. On top of that, they have
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  • 205 6 THE ASEAN-CCI conference has placed much emphasis on the need for governments to be more forthcoming in promoting regional economic development. Yesterday's call for the private sector to set specific goals to speed up tariff cuts to boost inter-regional trade is a sensible
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  • 893 6  -  By FREDERICK ANDREWS NYT IS THERE anything on the business scene more engrossing than the ordeal of Detroit? Before our eyes, the car industry is turning itself inside out it is a Mississippi departing from its age-old course. In scarcely a decade, beginning with the mandated
    NYT  -  893 words
  • 641 6 FT LESS THAN three years ago, Mr Stanley Gibbons held its first auction devoted to playing cards. The 400 lots sold for £22,176 and a new collecting market was formed. The success of the sale led to some inflated prices and there was a reaction, but now
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  • Page 6 Advertisements
    • 146 6 WOODWORKING EXHIBITION. DATE: 12-16 JANUARY 1981, SINGAPORE. Wood '81 is the second specialist exhibition devoted exclusively to the development and expansion of the forestry, timber processing and woodworking industries of South East Asia. Wood '81 will highlight the latest range of equipment and services available. Wood '81 will have a
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  • Page 6 Miscellaneous
    • 1216 6 BEAUTIFUL CAMELOT MOVIES far the toy ru leagaes, family aid My by Fraaee Nm) arX I g B r SINGAPORE 5 1.00 PM Opening and Sesame Street 2.05 Saturday Matinee Watermelon Man 3.30 1979 International Table-Tennis Tournament (1st 2nd Quarter Finals) 4.30 The Waltoro The Torch 5.15 Sandiwara Belenggu 5.55
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  • 1011 7  -  Lecture bureaux are constantly deluged with requests, most of which have to be turned away. But top speakers like Henry Kissinger can virtually command their own price. By DAVID LASCELLES FT CHARLES Dickens did it. Henry Kissinger still does it. Even the Dalai Lama
    FT  -  1,011 words
  • 658 7  -  By WARREN HOGE NYT THE EPIC activities of Daniel KLudwig in the middle of the leafy nowhere in Brazil have earned the American billionaire a prominent niche in the demonology of conservationists and Third World nationalists concerned over the deflowering of their lands by
    NYT  -  658 words
  • 438 7 Letter to tbe Editor Dear Sir, AS A shareholder in Ben and Co Ltd, I am very concerned with the proposed sale of Warehousing and Transportation Pte Lte (WAT) to Straits Steamship Co Ltd for $10,242,000, and shall be grateful if you will publish my views
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  • 232 7 THE AUTHOR of four booklets on how to evade the law was charged with filing 47 fraudulent New York State income tax returns this year and collecting US$l4B,OOO in tax refunds. Titles of the books? One Hundred Ways To Disappear And Live Free, How To Get
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  • 732 7  -  FORUM, With ANTHONY LEWIS NYT THE effort to carry out the next phase of the Camp David agreement has inevitably lost the attention of the public, and of distracted Washington officials, during the Iranian crisis. But the problem is there, and current developments are
    NYT  -  732 words
  • Page 7 Advertisements
    • 371 7 *<?&? G Vou Cooking for your Heart's Sake Cooking the low cholesterol way is for everyone. Anyone who cares enough about their health to want to eat wisely yet well. Reducing the intake of cholesterol and saturated fat in the diet in the foods you eat, the ways you cook
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  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 176 8 DEC 13 fu ARM ***** -2 Ahold 7100 -0-2 Akao 24 JO -03 AMEV 97.00 -13 Arafu Am rot Bank 66.00 unch 22T" 51 00 unch 0.8 BoU 6X30 -0.9 Borsumlj 166.00 -1 Burhmann 56.30 -04 Byrnkorf 60 00 0J Calve Delft 15AJ0 -1 Dell MiJ 97 80 1.6
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      • 242 8 DEC 13 m CORBEILLE Alr-Uqulde 483.10 •1.0 B 8 N Gervali Hinofti 886 -5 C S r (ThomjonC*f) 440 -4 Ctc Fnnctte del Petroles 254.50 -25 Compacnt* Financiers Compacnic uenerale 330 -4 Credit Fotvcler De Prtiict 4tt •2 H ache tie (Llbralrte) Machines Bull «J0 -03 Mirhelln (B) m
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      • 91 8 DEC IS PIS FORWARD MARKET Ac«c ArtMd Aatur Bnacmn Bra-Lamb C*np*c Cock De Been ao mm re m 1M0 ■0 m ao 3D 4-0 -2 B 10 0 Ebe. 2110 5 Electrobel Ob-Inno-Bu On Hobok Petro Ryt Dutch Sklro Soe Oen Bell Soflna Mnjr A Tank* U Mia V
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      • 158 8 Alls If «TMi -u •ay H T Wbank Bay Vhank 14AM ♦i ?sr -3 BBC MLSOB BMW IOAOO -04 III IBM ISUD unch •U -1 n««i| ZMJOB 137 AO unch -3 DnudM Bank Dr—ln«r Bank IX Ttuco DrcknMI ST A Enka turn 1*1 JO MSJS 53. ItAOO 1MA0 •U
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      • 147 8 DEC U Pranca Action* WM St unc 1> Aluau Browi cite CM* Cite CTMll CrwJI i BoJSh? Br. (M«jr Br. (Mgy P C nan= Suu» Rcf Mi -4 TU am ibk no -M ■0 unc an u as m un OS unc 11 i h b Ho ttmmo Lm
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      • 89 8 DEC U 1 ***** -140 Ante An Oen BaMcct Canlrtla Plat M4 4-1 sn» IMO Iran n Oen Iibjdoc in m luictmenu T7J0 -1.5 n_M -oj Ml -It uno IUIfM IiaisMter m I 2S4JC +4S> sr» -l S213S 1* MacrnU M Pf r Mcdtoto Mtrmlanaa JTWO SO ***** -1
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      • 1121 8 NEW YORK TAKEOVER, mining, metal and mm «asrgy dock* raw bat overall the market ob Thursday was mixed in active trading as lav—tors dgasted oil price and Interest rate developments. Saudi Arabia, the Uaited Arab bkttM and Qatar raised oil prices by as mach as
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      • 161 8 DEC U 0 AW MM 1 J* 4 It A Inn Bank Mont Itt uncb IMLAK WOW BCUUk MM.. -«t BeUi Oorp BP Can Ltd W* Sit -It n\ >* ■w oach ii» -it M* -H M* +<t 1% -It Dankoc Dtntaon Doot Stow Pmi Tar Doom mums m
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      • 304 9 DEC 13 Rand INDUSTRIALS A Alpha 237 1 Aherrnm a 280 -3 AE And CI 825 unch AMIC 1800 unch Barlows T» 5 Cg Sugar 1010 10 CNA 345 -5 Currle Finance 130 unch De Beers Ind 1960S Edcon 460 -10 Edgars Eveready Fed Votk 405 5 Fugil I
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  • Page 8 Advertisements
    • 203 8 Where to wine, dine and entertain I«^ V OuUatf To* o» Sauna WMnd SO* MM on gmn MM Samoa* OoM Club Wnwiiflfl Pooi, Bmm Room IF YOU'RE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLSIDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken
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    • 187 8 fii--7.M1 I'or sushi. For teppaniaki. For other authentically Japanese delights. );vr 1J r:< I) "> >r ]()•;<) n >>; I'( >t ft 'St '11 It'.i >f IS ,"> J L < I'juk t« n m i Catch Chinese seafood at its best Day or night Each day at the crack
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    • 149 8 8m Page 4 for Asian stocks See Page 9 lor Jo'burg prices 1 f sF r Sunuoso Seafood i I >. 1.. .....N III). It til. t ill. t (.mm i. ilnWirv «li Iti hN |Ih i k|>il f f N T}'^t V' j-W, <*• f j 0 no- pi'
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    • 140 8 LUNCH AT S.i'.oij: h e rue ticvou's of "'jijiLti bUi'Guanines i i S Ht, i()CJ i■r S S- -t-o ::'f: S 5 in;ontiSfe et'u D\ eiv.W, H:) r v; jng rained cne' Pon Cfiee A:so delicious selection r I im Sum specialities served O.iiiy HIl-TOS IST! SIS4.AIM>Kt. Dine in the
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    • 40 8 A PP V. K *sl V Ik r <r ip i! m 7»T«I 'V» 5mV, it l >n* Have ran this Sunday.Take a break from the stresses of olllce. house and schoolwork. Relax at our pookide. Take a dip tin
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  • BANKING AND FINANCE
    • 532 9  -  LEE YOKE MENG THE yen and the Hongkong dollar are expected to continue firmer against the US currency over the next two weeks. In the case of the Hongkong unit, the apparent success of the authorities' efforts to curb credit growth should bolster
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    • 553 9 THE Buk af Thailand is raising a US$2OO million, 10year loan at an undisclosed rate over London interbank offered rates (Libor), mandated manager and agent for the loan, Morgan Guaranty Trust Co of New York said. The loan carries a fiveyear grace period and provides general purpose
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    • 243 9 UPI AMERICA'S basic money supply Ml rose a moderate US$3OO million in the latest reporting week, well below estimates, and analysts said the Federal Reserve's tight monetary policy is beginning to take nffn 111 enect. There was speculation on Wednesday that the Fed
      UPI  -  243 words
    • 92 9 THE EEC Commission announced a proposal to use the ECU (European Currency Unit) for all community activities. The change, which needs the approval of the nine member states, will be purely technical, but finally the ECU could become a common European currency. Created last
      92 words
    • 823 9 NO TIME FOR COMPLACENCY NYT AN influential American banker has warned that commercial banks in the world will be unable to handle the huge increase in Opec assets that is likely to result from oil price increases. He said the world monetary system
      NYT  -  823 words
    • 360 9 AFP IRANIAN non-dollar assets with US banks are not affected by President Carter's freeze on Iranian deposits, a Citibank spokesman said. The terms of the freeze were modified a few days after Mr Carter made the announcement to take this into account. He
      AFP  -  360 words
    • MONEY AND EXCHANGES
      • 211 9 THE US dollar for overnight delivery closed sharply firmer at 243.10 yen in moderate trading yesterday compared with a 241.50 opening and 238.90 at Thursday's close, dealers said. Trading was moderate with volume US$663 million. Some dealers believed the Bank of Japan sold about |20 million to 30 million
        211 words
      • 320 9 GOLD futures on the Singapore market yesterday turned easier on profit-taking after a firmer opening, but prices still closed higher on balance compared with overnight levels, dealers said. Trading was fairly active throughout the day and turnover rose to 654 lots from 506 on Thursday with interest again centred
        320 words
      • 31 9 HONGKONG banknotes US 4.92/4.94 UK 10.75/10.95 Burma 1.20/1.50 India 5.30/5.50 Indonesia 0.75/0.85 Japan 2.08/2.04 Korea 0.80/0.90 Philippines 0.615/0.635 Singapore 2.265 2.285 Malaysia 2.26/2.28 Brunei 2.25 2.27 Thailand 24.80/25.10 Taiwan 13.20/1330
        31 words
      • 286 9 THE dollar opened firmer against most major currencies in thin trading yesterday morning, with no new factors affecting the market, dealers said. Sterling eased slightly, losing 0.1 points on its effective index to 69.7 from 69.8 overnight. The yen was quoted slightly higher at 242.50/75 to the dollar after
        286 words
      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.2 per cent.
        22 words
      • 197 9 Asian rates ASIAN currency deposit interbank rates as at close on Dec 14: 7 days 1 month 2 months 3 months 6 months 9 months 12 months U8 DoUan(8M() Offer BkJ 14 13/16 1411/16 lii* IS'4 15''. 15 15'i 15 16-> 16*1 13*t 13't 13'• 13'. Sw.Fr*. Dm* 1 month
        197 words
      • 46 9 RANGE of prices often id by dlscount houses on Dec 14: Overnight r. u>r.. Call depos Its: 9> Clomac B«yia« Mh* 3-month Treasury bills 3 month Bank bills 8 3/16 811/16 3 months CD 811/16 SB/16 6 months CD 8'i II Source: National Discount Co
        46 words
      • 442 9 THE forex market yesterday saw trading going at a hectic pace with the Japanese yen coming under selling pressure following news of major oil price increases by four Middle East countries. The dollar on the other hand registered gains against most of the major currencies on the back
        442 words
    • 386 9 A SHARP growth in bank deposits, brought about by the buoyant export earnings lifted liquidity levels in the Malaysian banking sector in the second quarter of the yew. Helped along by a reduction in the demand for bank credit, the ratio of liquid assets
      386 words
    • 239 9 AFP ALGERIA will next week formally propose the setting up of a developing countries bank comparable in size with the World Bank, an official source said in Algiers on Thursday. The proposal will bs made at the Caracas meeting of the Organisation
      AFP  -  239 words
    • 106 9 Reuter. SWITZERLAND and Liechtenstein have concluded a draft treaty making Swiss currency laws apply automatically to Liechtenstein, a the Swiss government announced. Liechtenstein, a small independent principality on Switzerland's eastern frontier, has been using Swiss currency since the *****. However, hitherto Swiss currency regulations such as
      Reuter.  -  106 words
  • Page 9 Advertisements
    • 123 9 purpott of lift writtan book if I Wi V v w to how OM OM frarwworfc which isbmdon ing lateral thinking, for which do Bono is famous) and hat an important ptacafor humour and for a daarayad salf importance. Dr da Bono's idaai can bacombinad wHh any itNgion or nona
      123 words

  • 1365 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially listed aad Nri— in and reparted 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 Acms (2.568) (1) 2.45
    1,365 words
  • 160 10 HNGAPOBE UNIT 1*U ST INCOME BON DIINIT (Managm' prim itoDttlD (Cureat pt teas) The Commerce 113 2.3S 1.24 The Saving Fund 1 39 1.47 Income Bond LIT S pore Prog Fund 095 100 S'pore Sec. Fund 170 1J0 MiU m KIPITBA S pore Invest Fund S'pore Equity Fund
    160 words
  • 2639 10 Gr'i Gr's Net 1970 Last Div Div YTd P/E Vol Day High Low" Ccapuy Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 281 207 Acma 258 16 15.0 2.2 53 133 13 258 245 196 123Alcom 196 10.0 13 5.1 26.1 148 110 Allied
    2,639 words
  • 1475 10 BID and offer price* officially listed and butiiwos In and reported to the Kuala Lumpur Stock Exchaage yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUBTBIALS Aaaa (130B) 141 (IPC) Mm (1MB) (1) 1M Aim mm (1MB)
    1,475 words
  • 48 10 SUPREME Cerperatla Bhd: AGM to be held at 21st Floor, Bangunan UMBC, Jalan Sulaiman, Kuala Lumpur, on Dec 19 at 11.00am. United IsMrial Cerperattsa Ltd: AGM to be held at the UIC Board Room, 31st Floor, UIC Building, Shenton Way, Singapore, on Dec 21 at 9.30am.
    48 words
  • 225 10 MALAYAN Ttkacei announced pre-tax profits of $51.06 million for the year ended September 30, 1979 (152.65 million). After tax profit stood at (27.78 million ($29.7 million). Sales for the period totalled *482.3 million ($501.8 million). A final dividend of M per cent less tax has been declared, payable
    225 words
  • 579 10 UWDETPULH) kytfce aa ifljriee kmaat of ataal If per coat, lnw> tan aa4 ipMtUtan staporeSßSt yiaterdayT" By aad hrp, Ike market allll very Bagertag lew that the OriMMbatf fetnkui Expartlag caaßtrles, iHefe meeta la Caracaa aezt week, may mtmd a klgker laereaae. Appauallj Ike
    579 words
  • 647 10 SELECTED counters featured bullishly against a generally quiet backdrop on the Kuala Lumpur stock market yesterday. While most stocks languished in lacklustre trading, issues such as Lingui Developments, Sovran Industries and Central Sugars forged strongly ahead. News of the oil price increase by the more
    647 words

  • COMPANY NEWS
    • 486 11 GULA Perak Berhad has at last made some improvement in its long depressed operations. After a heavy deficit of $4.19 million in 1978, losses last year were trimmed to $1.83 million the lowest since it went public in 1971. Results were helped marginally by
      486 words
    • 132 11 THE board of directors of Lingui Development Berfaad has announced a bonus issue of five for every existing three stick units held. These bonus shares will rank pari ppassu in all respects with the existing stock units. The proposed bonus issue will be submitted for the approval of
      132 words
    • 487 11 HIGHER TURNOVER DESPITE recurrent problems posed by the switch to colour television and increasing raw material costs, Toshiba (M) has succeeded in achieving what its chairman, Tan Sri Taib bin Haji Andak terms as "satisfactory" results for the latest year reviewed. Margins came under
      487 words
    • 374 11 Carroat Ex Booka Data Total for Total for Pajraosl Data floss Payable tko year Previous year PM Hides 75*1 Not 90 Doc 7 DM17 7ft* 12ft* C Sugars 10W Nov* Doc 11 DM 21 1ft* 12* Isl* Pea 10*1 Nov 21 Doc8 DM 21 10* 22J* UIC 20*
      374 words
    • 100 11 Company Pirtleilin Bs Data Books Pub Taxt M U lad SEA Cora Tmcrlok Skaa«ri-La BMtOM Bonus Issue of 1 for 4 Bonai law of 4 for S Bonua Issue of lfor 1 Bonus Issue of 1 for 1 Bonus Iam* of I for S Bonus Issue of 1
      100 words
    • 467 11 by HOCK LOCK SIEW IT is barely two weeks away to yearend and the last chance for holders of United Overseas Land loan stocks to exchange their loan certificates for share certificates. But the response has been extremely poor and it looks as if UOL may have
      by HOCK LOCK SIEW  -  467 words
    • 99 11 Cmp*.y rente Date Li Net EPS it Fell Yea Grw <r Pre-tax tart year <«■*) nr. Profit (pm) MTC F 17/11 33.0 43.6 52,655 SEA Corp F 28/11 93.2 45.0 3,583 BATS I 1/12 5.1 17.0 3,983 Kg Lanjut I 5/12 12.9 14.3 851 Kamunting Tin I 5/12
      99 words
  • Page 11 Advertisements
    • 222 11 '<te Also mmmmm at bookshop*, emporium* and supermarkets. I*£ to CHUN MIAN vncowcKW" of dawiun*. |ur birdi swfinf, *I*lso** wtad and rmin *oke« 1* ft 9 «wW lW V **iEL\£Si» ,Jjf «»?...»■»2Kf 7 Occup* u n he )*P* ne4e \iountb»^ en {tel ro »ndet A^ 1 4 the Sint 1
      222 words

  • 114 12 THREE regional industry clubs have submitted proposals for tariff concessions under the Asean Preferential Trading Arrangements( PTA). They were submitted to the Asean Chambers of Commerce and Industry's working group on trade at the Shangri-La Hotel on Thursday. The Asean Federation of Cement Manufacturers (AFCM) has
    114 words
  • 491 12 A SINGAPORE businessman has suggested that the Asean private sector should submit a memorandum to the five governments to help speed up reductions in tariffs. Mr J M Jumabhoy, vicepresident of the Singapore Federation of Chambers of Commerce and Industry (SFCCI) and president of
    491 words
  • 265 12 SSA CONFERENCE DETAILED regulations should be compiled to help narrow down the scope of interpretation of accountancy rules and guidelines, a public accountant said yesterday. Mr Jamshid K Medora, a partner with Medora, Tong and Chow, said the detailed regulations should be supported by stricter
    265 words
  • 101 12 SINGAPORE accountants are urged to consider specialising in other disciplines of business studies outside the traditional emphasis on paper documentation and verification. The Senior Minister of State for Education, Mr Chai Chong Yii, said at the opening of the 6th Conference of Singapore Accountants at the
    101 words
  • 310 12 COMPANY accountants faced with ethical problems, should be able to seek advice from their professional society. Thus, the Singapore Society of Accountants (SSA) should set up a committee to assist such members. This solution was suggested by Mr N Subramaniam, a partner of Turquands Ernst
    310 words
  • 174 12 A UNIVERSITY of Singapore accountancy lecturer, Associate Professor Han Kang Hong, yesterday said financial forecasts should be included together with company accounts. Professor Han was one of three speakers at the first day of a two-day conference of Singapore accountants at the Regional English Language Centre.
    174 words
  • 767 12 LONDON, Fri. Share prices opened slightly lower in quiet trading ahead of the British trade figures due this afternoon, dealers said. Leading equities generally shed a penny or two as in Distillers which fell a penny to 202p after yesterday's lower than expected results, dealers added. ICI and
    767 words
  • 45 12 Exiled KimpadNU Prince Ntnton Sihanouk meets Preach President Valery Giseard d'Estaing at Elysee Presidential Palace In Parte en Wednesday. Prince gttanenk Is In Parte en a three natttn Bnrepean drive to seek anppsrt for a new tiberatlen drive in Kampuchea. UPI picture.
    UPI picture.  -  45 words
  • 132 12 JAPAN has decided to limit daily oil imports from Iran to 620,000 barrels, the level prevailing before the seizure of hostages at the US embassy in Teheran, the Ministry of International Trade and Industry (MITI) said. A spokesman said agreement was reached on
    132 words
  • 372 12 Reuter HONGKONG should plan for a logistics support base for development of oil fields in the South China Sea, and improve transport links with China, a government advisory body said. The recommendations were included in a report by the Advisory Committee on Diversification, set up
    Reuter  -  372 words
  • 240 12 UPI PRESIDENT Choi KyuHah yesterday announced the names of a 19-member Cabinet beaded by Premier Shin Hyoo-Hwack, thus completing the -formation of his administration. Only two Cabinet members from the administration of assassinated President Park Chung-Hee retained their posts in the new
    UPI  -  240 words
  • Page 12 Advertisements
    • 33 12 Mr. Sketch* thisClpgtmag to teach your children identify 12 fragrance Available from C.K.TANG.METRO.ROBINSONS.CORTI other retail outlets For Trade Enquiries: LEONARD INTERNATIONAL PTE. LTD. B-3, Block-A, 2nd. Floor 60 Martin Road, Singapore 0923 Te1:*****53-*****41
      33 words
    • 87 12 ""YOUR WILD CPACECRAFT «#2OOOto2K>OAD I Batman i -i 30< 10$22.75 'llM'Stniits'lliiK's 3>'J t 4..CCtiLCII r t *Vblun» :■#fiL m-m o 1 r r ft V 3i» *r It E X*i" -mHANfrAfH HAMBWai Great Space Baffles aw M *OR*AM VMCENT PtAif 7- K-fJ ft sHS at! sp? cP t\'sm erg W
      87 words

  • LEISURE TIMES
    • 110 13 Get under c over OK p° 1 dig ttlf YL«'\ "Hi®®® ff^SSisrS <*£U Charles Jourdan is a genius for accessories. Prince (extreme left), this glossy black umbrella in silk (terribly classy) with silverish white border designs, proves the point It costs $125. If you think $100 is too extravagant for
      Photos: Tan Wee Him  -  110 words
    • 151 13 CLOTHES in the eighties are sculptured, well-cut and well-co-ordinated. Clothes should mould around the figure but not 4dntight, said Auggie Cordero, one of Manila's leading designers. Cordero was here during the last few days to present 'Shapes and Sflhouttes of the Eighties', a series of fashion show
      151 words
    • 1075 14 ■OTOBnre with Hermes THERE have been numerous changes taking place in the higher reaches of the saloon market. Once it was the preserve of solidly traditional cars with orthodox if selectively refined mechanical layouts. Now, one can find front whpel drives, opposed engines
      1,075 words
    • 106 14 HOW time flies. The Music Room celebrated its first anniversary last week. The cake, shaped in a musical note, marked the successful first year of the club. It's a double celebration for Hilton as Jessie Ho, the Music Room's guest relations officer, shared the same birthday. She has
      106 words
    • 501 14  -  RUTH CHENG WHERE do you find it, the rainbow connection? Or are rainbows illusory Is there no pot of gold at rainbow's end? Well find it some day, sings Kermit, you, me and the dreamers. But where do you find the muppet connection? How do
      501 words
    • 402 14  -  By PETER WONG DONT mess around with her. She is one of the Kung Fu disciples but when her martial expert idol, Bruce Lee, died, she had given up martial arts and paid a personal tribute to "The Big Boss" by writing a song
      402 words
    • 92 16 Why pickle yeair hrata la elc>hri whea m mw laetead tickle ft to profit? Stretch year oiM ever, aider, amid ni flaaWy break right threagh ear aeleetloa of weri, aamher, pietare aaT other little pasta la Ldaare Tlmee ef Dec 8 aai wn (M. Jut
      92 words
    • 425 16 WEEKEID GOURMET MT WITH A National Health Campaign having been recently announced, it seems entirely fitting that Hilton Hotel's Harbour Grill, following its recent renovation, should have introduced not only Nouvelle Cuisine to their dinner menu but also a salad bar at lunch. The idea
      MT  -  425 words
    • Article, Illustration
      188 16 YOU'VE done it again. No more last minute shopping, you kept telling yourself, year after year. Please don't overwork yourself. Let your staff do their work. Now is the time for love, fun and relaxation. No matter how busy you are, get time off this weekend and grab
      Photos: J. Tan  -  188 words
    • 161 16 EVEN the all-American McDonald's has given its whole-hearted support to the "Speak Mandarin" campaign, an effort which is highly commendable. Fluency in Mandarin was one of the abilities considered when the popular hamburger restaurant selected its staff for the new People's Park brand). And considering the
      161 words
    • Article, Illustration
      660 16  -  DESTINATION By LINDA NEO IF YOU are city-bred, chances are that the nearest approximation you ever get to drinking fresh milk, is out of the pasturised tetrapacks or from the vendor peddling goat's milk. Really fresh raw milk does not taste anything like the stuff that comes out
      660 words
    • 232 16 THE University of Singapore Choir will perform at the Presbyterian Church, Orchard Road, tomorrow at 7.30pm. Admission is tree. Susan Ashton will be conducting the choirs and the music will include Bach's 'A Christmas Sequence', excerpts from Benjamin Britten's 'A ceremony of carols' and some contemporary
      232 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 918 13 WHAT WHERE FILM SHOWS THE FRENCH Embassy and Alliance Francaise's Joint presentation of French films continues on Tuesday with Clair De Terra (1970, Colour, English sub-titles). An Algerian born Frenchman decides to go on a pilgrimage to Tunisia, his native land. Directed by Guy Gilles. Starring Annie Girardot, Micheline Presles,
      918 words

  • Page 14 Advertisements
    • 620 14 The British Experience WJfffll 1945-1975: P Calvocoressi l Experience is a sane, erudite and witty guide to the events and changes that have T taken place in Britain since _l the war, from the exuberant optimism of forties to the fears and confusions of the seventies. It's an immensely readable,
      620 words

  • PROPERTY
    • 858 15  -  Named for a mythological Japanese queen of exquisite beauty Himiko's Habitat of Ulu Pandan Road will have plenty of greenery around. TEO TECK WENG reports. TEO TECK WENG CONSTRUCTION work is expected to begin in April next year on a private housing
      858 words
    • 647 15 The grand podium, largest in South-east Asia, forms the heart of New World Centre. All sections of the complex converged to this focal point. It is an example of elegant design on an imposing multi-levelled scale. A LOCAL tour operator has recently
      647 words
  • Page 15 Advertisements
    • 28 15 FINE CHINESE ANTIQUES WORKS OF ART KWOK GALLERY Pt«. Ltd. 101-103, FRST FLOOR, FAR EAST SHOPHNG CENTRE ORCHARD ROAD. TEL: *****16 THREE GENERATIONS OF PROVEN DEPENDABILITY SINCE 191S
      28 words
    • 172 15 Wendy Hutton's SINGAPORE ....more than just a cookbook! f |4., fi.,l wri, TOf !M nrst ivm, is i local cookbook that fives you more than just recipes. More, too, than lob of fascinating U a a«i jjif nn <t kau (i ana relevant nronriiimi aoout Singaporean ingredtents and cooking methods.
      172 words

  • Page 16 Advertisements
    • 255 16 Isi m 4 1 'V 4s ft 'IJu lea oiirifes w •> FOR YOUR =Kh::iHUi; •^v «C .T Mi St s-*fo y* <w ■r >lf TWO GREAT COOKBOOKS Complete Asian Meals From over twenty years of teaching her art (to Japeneee, Europeans, Americans, British, Indians and Chineee) Dorothy Ng has
      255 words