The Business Times, 19 July 1980

Microfilm: NL10697
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. llf/1/81 SATURDAY, JULY 1», 1981 50 CENTS
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  • BRIEFLY...
    • Article
      SBS ceremony
      59 1 THE Minister for Communications, Mr Ong Teng Cheong, will officiate today at the opening ceremony of the Singapore Bus Service's $16 million Braddell Road complex. The 17.6 acre complex, which took 2Vt years to build, will house SBS administrative headquarters and the Toa Payoh depot. The complex includes
      59 words
    • Article
      Prime rates down
      52 1 TWO Japanese banks in Singapore have reduced their prime lending rates by 0.25 percentage points to 11.25 per cent. Mitsui Bank will lower its rate today and Bank of Tokyo on Monday. Industrial and Commercial Bank reduced its rates for savings and fixed deposits by 0.25 percentage
      52 words
    • Article
      EEC aid
      60 1 THE vice president of the European Economic Community (EEC) Commission, Mr Finn Gundelach, said the EEC will consider giving aid to Asean to finance its regional industrial projects. During a transit stopover to Singapore yesterday, he said the EEC viewed Asean as a stable and viable region for
      60 words
    • Article
      Lock icon Harcros acceptances
      55 1 Reuter. LONDON, Fri. Harrisons and Crosfield said yesterday acceptances have been received for 89.3 per cent of ordinary shares offered through its one-for-six rights issue. The balance have been sold at 687.25 pence per share and the net sales proceeds of 65.94 pence per ordinary share will be
      Reuter.  -  55 words
    • Article
      Lock icon Satellite launched
      34 1 Reuter NEW DELHI, Fri. India gained entry into the exclusive space club today by successfully launching a satellite into earth's orbit and moved closer to achieving intermediate range ballistic missile capability. Reuter
      Reuter  -  34 words
    • Article
      Lock icon More aid
      81 1 AFP TOKYO, Fn. The first Japan-Asean Economic Council officers' meeting ended here today, with an agreement to hold the council's general meeting in Jakarta on Dec 12. The council was formed by the Japanese Chamber of Commerce and Industry and similar chambers of the five Asean member nations.
      AFP  -  81 words
    • Article
      Lock icon Drop in tourists
      50 1 AFP HONGKONG, Fri. The Hongkong tourist industry has been hit by a 7.1 per cent fall in the number of Japanese visitors. Crime, rudeness in shops and high inflation were cited as reasons by the daily South China Morning Post in its front page lead story today.
      AFP  -  50 words
    • Article
      Lock icon Dow Jones
      59 1 AP NEW YORK, Fri. Stock prices climbed again this morning. The Dow Jones average of 30 industrials which closed on Thursday at a three-year high picked up another 4.78 points to 919.88 in the first half hour. Gainers took a 3 to 1 lead over losers in the
      AP  -  59 words
  • Article
    Chief Price Changes
    133 1 Rises Indices Malayan Tin 4000 NUI 1270 Knchai 530 OCBC 1200 Sel Properties 970 C Sugars 940 Loytape 180 Bolton 222 Lower Perak 1230 M Banking 1190 Falls Utd Plantations 310 Boustead 386 Metal Box Bhd 360 Bouateadco 295 Perlis Plant 472 Metro Hldgs 320 U M
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  • Article, Illustration
    KUALA LUMPUR
    144 1 Rises Indices S Mai Tin (M) 2900 M U Ind 1270 OCBC 1210 Bolton 230 Gadek 380 Tractors 900 C Sugars 945 PMC 885 B Raya 460 Hong Leong (F) 450 Rothmans 585 Kuchai 600 Tan Chong 855 Falls Malayan Tin 4000 D Dredge 600 100 70 +50
    144 words
  • Article
    Sime sells Amoy Canning stake
    720 1  -  PROFIT OF Ms6om FROM SALE By CATHERINE ONG THE Sime Darby group has reaped a whopping Ms6o million from the sale of its 63 per cent stake in Amoy Canning Corporation. This disposal made public last evening will revive old market talks that the Asean
    720 words
  • Article
    China-America Insurance HQ
    213 1 THE newly-formed ChinaAmerica Insurance Company, China's first insurance joint-venture with a foreign company, may be based in either Singapore or Hongkong. The company is registered in Bermuda but Chinese press reports said its headquarters is likely to be located outside the US and China. Sources believe Hongkong
    213 words
  • Article
    Bill to merge HK stock exchanges
    435 1 THE HONGKONG government has published the Stock Exchanges Unification Bill which will lead to the merger of the colony's four existing exchanges into one entity, the Stock Exchange of Hongkong. The bill, which the government hopes will be passed by the Legislative Council by
    435 words
  • Article
    Restructuring of unions
    376 1  -  By FONG MEW LENG J SINGAPORE labour moveI ment will move one step nearer the formation of industry-wide unions when leading trade unionists and union members meet next month to select and evaluate potential leaders for these new bodies. The National Trades Union Congress will be orgainsing
    376 words
  • Article
    SIA not affected by checks on JT8D engines
    285 1 SINGAPORE Airlines' flights eat of Singapore will Mt be delayed fey the US Federal Avlatloa Admlnlstratica's order to Impert the Pratt nnd Whitney JTSD engines. lie Inspection waa Imposed following the dlaeovery of a sertoaa potential safety defect la the JTSD engine
    285 words
  • Article
    Executive skills put to test in contest
    431 1  -  By AGNES WEE J THIS year's 10th National Management Game has attracted enthusiastic response from 85 teams comprising about 340 senior i and middle level execui tives. Last year, about 50 teams comprising 200 executives took part in the game. The public sector
    431 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      43 1 Raki For all types of o, Culinary (Oriental Rakl Corporation ro^s* 1 n Tel- *****4 *****4 Tele*: RS ***** A/B RAKICOR rubbed. herbs. CaMe: RAKICORP" seeds,rOOtS, spices and pulses. Marsiling Industrial Estate Malaysia Tei: ***** Manufacturer. CaMe: "RAKICORP" Johore Bafcru miller and stockists.
      43 words
    • Advertisement
      Page 1 Advertisements Column 2
      155 1 so you $mi SMOKE? THEN LET'S TALK TEETH You wouldn't use a scouring agent to clean bone china, would you? It's the same with teeth. Yet ordinary toothpastes are too bland to remove tobacco film, and tea, coffee or other stubborn stains. The answer? New Clinomyn the toothpaste specially formulated
      155 words
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      Page 1 Advertisements Column 3
      54 1 LEISURE TIMES JAPAN reaffirms commitment to America j AUSTRALIA'S initim mine in soon C SIGNS at tightening to world's rice snpply 7 CORPORATE philosophy at 11 DETAILS of HK Companies (Amendment) Bill 12 SIGNIFICANT fall to UK Inflation 12 TV AND RADIO I, CROSSWORD f WHERE TO WINE AND DINE
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      Page 1 Advertisements Column 4
      3 1 8m hack page
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      Page 1 Advertisements Column 5
      203 1 TheMNOUAEP3K> PPCdoesital. I mr< i m m m t i S#' Asean has one of the world's highest growth rates and with increasing affluence, consumer patterns among the five member countries of Indonesia. Malaysia. Philippines. Singapore and Thailand are expected to change in the coming decades The Second Quarter, 1980
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      3 1 Leader... Page f
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  • OVERSEAS
    • Article, Illustration
      Lock icon Colombo civil servants join big strike
      277 2 UPI SOME 10,000 government workers walked off their jobs on Thursday despite a national state of emergency and joined a massive strike which is crippling Sri Lanka. The government ordered air force units to man the Colombo fire brigade, the island nation's fire-fighting unit,
      UPI  -  277 words
    • Article
      Lock icon Special UN session on Palestine issue
      288 2 Reuter UPI THE UNITED Nations General Assembly will begin an emergency session on the Palestine question next Tuesday, a spokesman for UN Secretary-General Kurt Waldheim said. Mr Waldheim is asking member states for their views on the proposal. The spokesman said the required number
      Reuter; UPI  -  288 words
    • Article
      Lock icon Dispute in UK over freedom of the press
      255 2 AFP BRITAIN'S legal, parliamentary and journalistic circles are debating a dispute that again raises the question of what limits can or should be imposed on freedom of the press. The debate developed from a programme shown in February by the commercial television
      AFP  -  255 words
    • Article
      Lock icon Teheran reopens borders after 2 days
      169 2 Reuter IRAN'S borders were reopened early yesterday, 48 hours after they were sealed to prevent conspirators in an alleged anti-government plot from fleeing the country. It was not clear how many people were trapped by the security clampdown, but about 300 alleged plotters are
      Reuter  -  169 words
    • Article
      Bolivia army stages coup
      106 2 BOLIVIA'S armed forces, declaring that presidential and general elections on June 29 were fraudulent, have taken power in the 189 th coup of the country's history. A military communique last night said interim President Lidia Gueiler has resigned in favour erf a national reconstruction junta comprising
      106 words
    • Article
      SHIPS IN PORT
      471 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Armadale (shifts after Sam Eun sails) 44 Anchan (0530) 6/7 Able Reefer (2300) 40/41 Auby (0530 hauls) 20 West Builder U (0700) 22 Cherry Molek (after Rizoun Hasanun Cherry Jay a sail) 28 Dove (Tanker) (after Joo Hong A Palm Sea Horse,
      471 words
    • Article
      Lock icon Japan reaffirms its commitment to America
      375 2 UPI MR ZENKO Suzuki, Japan's new Prime Minister, has reaffirmed his country's commitment to the United States and said attempts will be made to smooth relations with the Soviet Union. In the first news conference since his parliamentary election on Thursday as japan's 15th
      UPI  -  375 words
    • Article
      Lock icon Hongkong dealers required to register
      157 2 Reuter ALL commodity dealers trading on Hongkong markets will have to register with the government under legislation to be introduced soon, a government spokesman said yesterday. All those wishing to register must be a shareholder of the Hongkong Commodity Exchange or an overseas exchange recognised
      Reuter  -  157 words
    • WORLD IN BRIEF
      • Article
        Lock icon BAKHTIAR ATTACKED
        536 2 Agencies FORMER Iranian Prime Minister Shapur Bakhtiar escaped unhurt yesterday when gunmen attacked his Paris home, killing three people. Dr Rakhtiar was the last Prime Minister of Iran under the deposed Shah. It was alleged earlier this week that he was behind a plot to kill Iran's spiritual
        Agencies  -  536 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      41 2 The daily Aircraft Schedule hat been held over due to preeeure of space. Flight information by telephone can be obtained from the airport (*****8) or from the respective airlines: SIA *****47/*****48, Garuda *****7, MAS *****2, CPA *****7, Qantas *****01, BA *****01.
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      Page 2 Advertisements Column 2
      88 2 Congratulations to Singapore Bus Service on the official opening of their Braddell Road Complex by the Honourable Mr. Ong Teng Cheong, Minister of Communications. Hi... »;Worap®ifl <T~ We are proud to be associated with SBS for over many years. Some of the major equipment installed in this complex are our
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      84 3 Congratulations Singapore Bus Service (1978) Ltd on the official opening of your new Braddell Road Complex today. (CONGRATULATIONS !j /CONGRATULATIONS! /CONGRATULATIONS! /CONGRATULATIONS! J /CONGRATULATIONS !j CONGRATULATIONS! ONGR ATULATIONS! 0 CONGRATULATIONS! Z. CONGRATULATIONS! CONGRATULATIONS I«*\ CONGRATULATIONS! /CONGRATULATIONS! J CONGRATULATIONS! t* lE Congratulations s id im.m CONGRATULATIONS! "P. CONGRATULATIONS! a I ttl
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  • RAW MATERIALS
    • Article
      RICE
      332 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second Hags 0.90, 100 per cent third class 0.88, 25 per cent new crop no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.65, Special no
      332 words
    • Article
      WHEAT
      152 4 THE Chicago Board of Trade wheat futures ended US4 to 7 cents a bushel higher on Thursday. Prices settled near the bottom of an eight cent range. Increased new crop cash movement throughout the day touched off commercial hedging and local pressure which forced prices off day's highs. The
      152 words
    • Article
      Lock icon ITC reveals world tin production figures
      122 4 Reuter WORLD mine production of tin concentrates was 17,300 tonnes in February against 19,000 tonnes in January and 16,500 tonnes in February 1979, according to the International Tin Council, ITC's, monthly statistical bulletin. The 12 month moving total to end-February was 202,900 tonnes versus
      Reuter  -  122 words
    • Article
      RUBBER
      276 4 IN Singapore, the market closed very quiet with August One RSS buyers quoted at 282.00 cents per kilo, down 0.50 cents from Thursday's close. Opening prices were marked down two cents on continued London easiness but the market later recovered slightly on some shortcovering interest before closing the morning
      276 words
    • Article
      RAS PRICES
      301 4 R.A.S. prices in cents per kilo yesterday: Noon Close (per Idlo) (per Idlo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt l.o.b. 280.50 281.50N 281.00 282. OON Int. 1 R.S.S. August 281.50 282.00 282.00 282.50 Int. 1 R.S.S. September 281.50 2BJ0 282.50 283.00 Int. 2 R.S.S. 275.00 276.00N
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    • Article
      SSR and SMR
      101 4 NOON SSI and SMR pnc aa yaaterdajr RA8 SSR 20 SSKSO (1 -too pa (1 -too pa Aa|ut (Carraat Mtk) Bayer* Sailer* Hat) 259 00 261.00N Jlet) 256.00 258.00N September (Forward Mtk) Bayer* Seller* 200.00 262.00N 257.00 2M.00N MRELB Aafoat Septaaiber SMRCV SMRL SMRS SMRGP SMR 10
      101 words
    • Article
      Straits Tin
      77 4 THE Straits tin price In Peiuf yesterday eased Ms 9 per pieal to $24»» $11 betow the Internattoaal Tla Agreement ceiling, dealers said. lie easiness was dne to a weaker Landea clestng sa Thursday, aad larger supplies sf tin eaneentrates Cram miners, altheagh there were reperts sf farther
      77 words
    • Article
      CLOSING PRICES
      39 4 Rubber July 18 Singapore: Aug: 282.00 cents (down 0.50 cent) Malaysia: Aug: 286.00 cents (down 0.50 cent) Tin: Ms2 > l2« (down $9) (equivalent to $35.20 per kilo) (down 15 cents) Official offering: 177 tonnes (up 36 tonnes)
      39 words
    • Article
      Produce exchange
      168 4 CHINESE Pniiet Exchugs, Stagapsre, ini rlwlng prion per 1M kg yesterday: CwiHt »11: Bulk fob 143.75 sellers, old drum (in second hand drum) fob 5153.75 sellers, new drum' fob $159.75 sellers. Copra: Mixed (loose) $86.50 buyers. Pepper: Muntok white pepper fob Asta NLW 1430.00 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) CtttN yarn: China Blue Phoenix 20s 2,200; 32a 2,590. 40s 2.825 (per bale of 400 11»). Piece gaiia: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      SOYBEAN
      186 4 THE Chicago Board of Trade soybean futures closed USI6 cents to V* cent a bushel higher on Thursday. Prices ended around the middle of a 27 cent range in erratic trade. Local demand on persistent crop development concern lifted prices from the start. However, bouts of profit-taking on uncertainty
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    • Article
      LONDON MARKETS
      840 4 COmas: Robusta futures closed yesterday morning steady around the lowest levels for two years and with losses from Thursday of £27 to £17 per tonne. Turnover was 2789 lots including four options. The market extended opening losses and around mid morning were around £32 at one time on
      840 words
    • Article
      PALM OIL
      132 4 IN Kuala Lumpur, the market continued higher mainly on refiner covering and inter-dealer trade, sources said yesterday. Higher overnight Chicago dealings also aided sentiment, they said. August and September were traded MS2S higher to $900 per tonne in the northern, central and southern regions. The refined market remained
      132 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      75 4 Congratulations to SINGAPORE BUS SERVICE (1978) LTD. on the official opening of their Braddell Road Complex from RENAULT I 0 Beriiet 110 Saviem \<rlli< llll'S llldlisll icls Sales After Sales Spare Parts Distribution Centre Beriiet Far East Representative Office Renault Vehicules Industriels Suite 2012, Shaw Centre, (S) Re. Ltd. Scotts
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      Page 4 Advertisements Column 2
      62 4 SEE PAGE 9 FOR ASIAN STOCKS CONGRATULATIONS 7 to Singapore Bus Service (1978) Ltd. on the official opening of their SBS Braddell Road Complex by Mr Ong Teng Cheong the Minister for Communications from K NEW ZEALAND MOTOR BODIES Keith Street P.O. BOX 973 @1 Palmerston North-New Zealand Telex:- NZ3631.
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      86 5 CONGMTUUTIONS to Singapore Bus Service (1978) Ltd on the official opening of their SBS Braddell Road Complex I 1 i"' •Si <- 86 s 7 y) j a a 0 J ■I t LEYLAND VEHICLES EXPORTS LTD Representative, Office: South East Asia/Pacific 9th Floor Inchcape House 450/452 Alexandra Road Singapore
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  • Article
    Managers take time off for games
    670 6 MANAGERIAL and entrepreneurial effort is clearly in no danger of waning in Singapore. The flood of entries for this year's National Management Game provides ample proof of the Singaporean's intense interest in pitting his wits and business skills against competition, even when it is
    670 words
  • Article
    Lock icon Power for the Australians
    976 6  -  EUREKA! URANIUM! Australia's biggest uranium mine will be in business soon. The mine, finally approved in 1978 after protracted wrangling between environmentalists, local aborigines and the mining industry, will help the country to become a major supplier of world energy needs in the 1980s. Australia is
    Reuter  -  976 words
  • Article
    Lock icon China's bold step back to correct its economy
    917 6  -  By FRANCIS DERON AFP CHINA is turning to the market economy it rejected 30 years ago, borrowing formulas that are able to cure its economy from ills which strict socialist planning was powerless to remedy. In all sectors of activity the choices
    AFP  -  917 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      181 6 4-day sale on all China-imported furniture antiques >< ■j. Antique Blackwood and Rosewood Furniture, Porcelain Wares, Gold leaf, Screens, Wall Plaques, Chinese Scro'lls|and many, many other items. All imported directly from China. At most competitive prices on 17th, 18th, 19th and 20th July only Only 15 minutes drive from city.
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1243 6 r German orchestra «f Liberty the Statae el mmmjtnmjmu ssrswcssnn I QMS UMN 9) p WM 190 "P* wUI he flsplsitag her mil ed Its Cafcweh, r rflt f saiHtty. that aeear hi a iMatal y***?*' *7* H yea Bhe private Mw- hospital (dad eat tsalght n _S2L e T*™*
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  • Article, Illustration
    Lock icon A LIGHTER RICE-BOWL IS EXPECTED AGAIN
    792 7 Depthnews AFTER a period of relative abundance in the past two years, thfere are again signs of tightening in the world's rice supply. The situation today certainly is not as grim as in the early 70s when crop failures led to massive famine and
    Depthnews  -  792 words
  • Article
    Lock icon Spotlight on the supporting players
    834 7  -  FORUM With JAMES RESTON NYT FOR A long time, there has been a tendency in Western Europe to confuse America with Hollywood. So it comes as no surprise to them almost as a confirmation of European intellectual prejudice that the Republican party nominated actor Ronald
    NYT  -  834 words
  • Article
    Sight sans insight
    491 7 A MAJOR American Association of Advertising Agencies' study of viewer miscomprehension of televised communications indicates that the vast majority of television viewers misunderstand some part of what they see, regardless of the type of programme they're watching. The study, which was made public on May 17 during
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      242 7 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Procarrier Pte. Ltd. of 1902 Hong Leong Building, Raffles Quay, Singapore 0104, hereby give notice that in consequence of the purchase of the undermentioned vessel, we have applied to the Registrar of Singapore Ships, under section 417 of the Merchant
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      Page 7 Advertisements Column 2
      68 7 CONGRATULATIONS TO SMGAPORE BUS SERVICE (1978) im ON THE OCCASION OF THEIR OFFICIAL OPENING OF SBS BRADDELL ROAD COMPLEX RESOURCES DEVELOPMENT CORPORATION (PTE) LTD Jalan Gali Batu, off 19km, Woodlands Road, Singapore 2367. Telephone: *****32 i j >/ v C A .y'i A. < Y- V V **^^0 s i'
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        199 8 Ak>6 22 40 -02 AlaDank A MTV 305.00 85 80 0i 0.7 Auifux 107 00 1 Amrobnk 66.50 0 2 36-50 unch Baf£. 90 00 1.5 Bo\s. 58 30 0.6 Borsumij ***** unch Burhmann 65 50 -03 Byenkorf 56 00 0 9 Cull and 22.90 -0 2 Caive- Delft
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        Zurich
        190 8 JULY 17 Francs Actions Suisse* 287 2 Alusuisse Br 1170 20 Alusuisse Reg 446 3 Brown Boven Br 1700 45 Ciba Gclgy Br 1140 I Ciba Geigy P C 900 unch Clba Oeigy Reg. 615 3 Credit Suisse Br 2255 35 Credit Suisse Reg 383 I Elektrowatt Br 2445
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        Frankfurt
        215 8 JULY 17 Urn Aeg-Telefunken 89 SOB 20 90 unch A1U Leben *****0 *10 Allz Vers ***** J BASF ***** -04 Bay H T Wbank 262 00 t Buy Vbank 306 50 4.5 Buyer 115 00 -0.7 BBC 310.00 -1 BMW 149 00 Cassella 332 00 2 Chem Verw 263
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        Milan
        102 8 JULY 17 Ure Ante 7 SO 15 Assoc Gen ***** -460 Baslogi S24 -26 Central* ***** -161 fiat -20 Kinsider 61 -1.5 -0.75 -45 -335 Gen Immob IKI Prl Ilalcemenli 63 SO 2750 22(10 llalgas 114 •11 llalsider 322 unch Magneli M Pf 457 •3 Marelli Ere 289 Mediob
        102 words
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        Brussels
        93 8 JULY 17 Frs FORWARD MARKET Ar#f B1| 330 Arbfd 1745 56 Aslur 445 5 Brascan 672 -10 Bru-Lamb 1408 -14 Cunpac 1016 0 Cork 200 -14 Of Beers 292 3 Ebes 1905 unch Electrobel 6290 -20 Ob-Inno-Bm 2396 Gf* 1250 unch Hobok 2620 i» Petro 4966 unch Ryl Dutch
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        Paris
        282 8 JULY 17 Frs CORBEILLE Air-Liquidr 414 -1 B 8 N Gervais Danone 989 5 unch CSP (ThomsonClf). 450 Cie Francaise dn Pfiroles 238 -J Compafmr llntncmt (ompagme Gfnfralf 370. 80 -1 Credit fancier Ue Franc* 428 unch Hacheue I Ukraine) 230 90 -01 Machines Bull 56.30 -OJ Mirhelin (B)
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    • Article
      Prices sharply higher
      1258 8 NEW YORK A STRONG rebound in June h« Bring starts and another drop In the prime rate pushed stock market prices sharply higher across a wide front in heavy trading on Thursday. Analysts said housing start news, along with recent news on motorcar sales, retail sales and
      1,258 words
    • Article
      TORONTO
      134 8 JUl-Y 17 CS Hud Bay Min 27 Abitibi Imp Oil 45'. 19 A Iran 32 i Aiguma 33 Bank Mont 27 25 Bank Nova Scotia 30 i 18'Bell Tel 20'. unch Brth Corp BP Can Ltd 47 Matiagami Lake Hra.scan 28 Camp Red Lake 6) unrh Molson A 32
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      JOHANNESBURG
      234 8 JULY 17 Rand Tongaal 600 unch Un Steel ISO MO unch Woolworth 560 unch Abrrcom AE And CI AMIC 300 770 2375 1120 ♦s *10 unch MININGS 50 520 15 Beflels 4750 220 4-5 1950 25 Ue Beer> Ind Edcon Ednari Eveready Ked Vol* Klifll Cardian 2800B 500 6800
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      265 8 Where to wine, dine and entertain Bit and spend carefree days swimming, canoeing and boardsaiiing jogging cycling roller-skating playing golf playing tennis or squash enjoying good food and drinks It's easy. Just book our SAT/SUN/HOLIDAY-EVE PACKAGE Only $117 for two 2 DAYS 1 NIGHT Chalet accommodation plus breakfast and lunch
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      Page 8 Advertisements Column 2
      158 8 f f*CjUlktH JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 p.m. 10.30 p.m. For reservations call 73 796 7 7 j i «'iilni'\ 1 *jirk HlhtiiU>ii SiiiyujMH'c SHERATON HOTELS AMD INNS WORtD.*..Hi NASSIWhILL SINGAPORE '025 T 7, Operated nv ANA
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      Page 8 Advertisements Column 3
      144 8 SEE PAGE 9 FOR ASIAN STOCKS The Great Family Do-KAburself Barbecue. > r v i. ft r Im o.i m m bW 3 k A IVlerlin Grill Speciality. From Mongolia comes a barbecue more succulent more delicious than any barbecue you have ever tried before Now at the Merlin for
      144 words
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      Page 8 Advertisements Column 4
      207 8 Singapore-style sJilton style, lah At the Top ot the Hiiton. at Hm's That s where you get a selection of typically Cantonese favourites. And our very own Flavours ot Singapore. No mess No noise Just great chow In the comfort and serenity of the Hilton If you live to eat,
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  • ASIAN STOCKS
    • Article
      Lock icon Late-session selling stems further gain
      533 9 TOKYO AFP THE pre-holiday Tokyo stock market, aided by selected buying, rallied for a slight gain yesterday. But late-session selling decelerated the pace of advance. The market paid little attention to the inauguration of the new Cabinet under Prime Minister Zenko Suzuki. The 225-stock Dow-Jones
      AFP  -  533 words
    • Article
      Lock icon Hongkong
      331 9 Source: SHK See THE market continued to recover following a cut in US prime, expectations of good results from Wheelock Marden and hopes for a cut in local prime today. Turnover was not that convincing however and the market softened a bit in the afternoon. Jardine was again in
      Source: SHK See  -  331 words
    • Article
      Sydney
      389 9 STOCK prices closed firmer yesterday with oil stocks leading gains despite some profit-taking near the close, dealers said. Bridge Oil, which announced a Queensland coal development deal with the French comega group, rose 50 cents to $4.45 and Strata 20 to 12.96. Hartogen added 30 cents to $4.80, but
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      Bangkok
      270 9 STOCK prices closed generally lower in inactive trading yesterday, dealers said. Bangkok Bank fell two baht to 294, Mah Boonkrong two to 192, Jalaprathan Cement one to 114 and Rama Tower 0.50 to 75.50. Siam Cement and United Flour Mill closed unchanged at 202 and 190 baht respectively. JULY
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      Manila
      161 9 STOCK prices closed generally mixed yesterday on a slightly lower turnover of 4.1 million pesos from Thursday's 4.2 million, dealers said. Atlas C«i B, Apex Mining B, Anglo Phil, Pogei, Pioneer, Seafront, Marsteel and First Phil Hldgs firmed, while Basic Petroleum, Oriental B and Phil Overseas eased. The rest
      161 words
    • Article
      Selected indices
      53 9 FINANCIAL TIME8 INDUSTRIALS Thursday 406 8 Wednesday 803.1 Week Ago 480 4 DOW JONE8 AVERAGE INDUSTRIALS Thursday 015.10 Wednesday 804.44 Week Ago 885.82 H.K.HANG 8ENG Friday 1000£4 Thursday 10T7.74 Week Ago 1101.14 SYDNEY INDUSTRIALS Friday 000 12 Thursday 685.25 Week Ago «84.51 ALL ORDINARIES Friday 920.58 Thursday 815.31
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  • BANKING AND FINANCE
    • Article
      Singapore market
      468 9 THE U.S. dollar firmed slightly against all major currencies in a generally quiet foreign exchange market yesterday. Against the Japanese yen, the dollar opened at 218.95/ 05. Dealers said there was practically no movement in the market. However, when Europe came in, the dollar recovered slightly and settled
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    • Article
      Treasury bill tender
      44 9 RESULTS of tender held on July 22 for 91-day Treasury bills are: Offend: 170,000,000 Applied tor: $97,000,000. Altotted: 170,000,000. Accepted Mds: $98.29 approximately 50 per cent higher bids in full. Average rate ef dbeeut •a altotmeat: 6.805 per cent per annum.
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    • Article
      ASIAN $
      171 9 ASIAN ASIAN currency deposit Interbank rates as at close on July 1& 7 days 1 month 2 months 3 months Smooths Smooths 12 months US MWn(8Mt) Ottv Bid SH OH 9H 9% 9H 9H flv, 98/16 97/16 9H 9Vi 9V. 9H SwJrs. DM. (lUUfe Priem) 5 v. 9 3/16 SH
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    • Article
      Discount
      45 9 RANGE at price* offered by discount houses on July IS: Overnight 3-615/18% Call deposits: »V, 8H% Ciosisc Bsyisc SolliM 3-month Treasury bills 6% 6V< 3 month Bank bills 09/18 97/16 3 months CD 91/18 815/18 8 months CD 815/18 813/16 Source: National Discount Co
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    • Article
      PLR
      22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.2 per cent.
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    • Article
      Hongkong
      29 9 HK banknotes: US$ 4.88/4.90 UK 11.55/11.75 Burma 1.20/1.50 India 5.65/5.85 Indonesia 0.73/0.83 Japan 2.235/2.245 Korea 0.72/0.82 Philippines 0.60/0.62 Singapore 2.31/2.33 Malaysia 2.28/2.30 Brunei 2.28/2.30 Thailand 24.30/24.60 Taiwan 13.10/13.40
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    • Article
      GOLD
      276 9 GOLD futures in Singapore yesterday closed sharply lower compared with overnight levels in quiet trading. Opening prices were marked down between US$7 to $10 an ounce in line with the metal's weakness in New York on Thursday and then fell further in subsequent trading on long liquiTotal sales for
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    • Article
      LONDON
      247 9 THE U.S. dollar yesterday maintained its firmer trend set in New York on Thursday and the Far East, following improved US housing starts, which also led to higher dollar interest rates, dealers said. The dollar opened at 1.7432/37 marks compared with New York's close of 1.7448/52 and an early
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    • Article
      Tokyo
      130 9 THE U.S. dollar for overnight delivery closed firmer at 219.20 yen, compared with a 219.00 opening and 218.05 at Wednesday's close, dealers said. Trading was light with the volume 1504 million. The dollar closed at its high after strengthening in thin late trading on limited buying by banks to
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      49 9 to Singapore Bus Service (1978) Lid m Braddell Road Complex A ran ihoiic innusTßinL mncHinERV(PTE)iTD (a member of Tan Chong Group of Companies) 913, Bukit Timah Road, Singapore 2158 Tel: *****7 Distributors of industrial machineries and commercial vehicles I NISSAN! WSSAM MOTQp CO I'D Urn (ffj) Nuud Dmml vV't.
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1904 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the* number of shares traded shewn in brackets in lots of 1,0(0 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.328 3J6S) (1)
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  • Article
    Unit trusts
    159 10 SINGAPORE UNIT 1WJBT OUB-MONTAGl' Tlie Commerce 175 2.89 (Ma-firs' srtess Mr 3nl HAH) Union Spore Fund 1.08 1.13 The Savings Fund 1.77 1.86 INCOME BOND UNIT S pore Prog Fund 141 1.37 (Cmtfi BOMd 1JM S pore Sec. Fund 2.13 2J4 1.30 S'pore Invest Fund 1.72 l >Ud
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  • Article
    SHARE INFORMATION SERVICE
    2842 10 Gr'. Gr*a Net 1980 Last Div Div Yld P/E Vol Dav High Low Company Sale +or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 245 Acma 336 2 15.0 2.8 4.4 112 3 336 334 223 220 Alcom 223 12.0 2.5 53 12.6 149 116 Allied
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  • Article
    In Kuala Lumpur
    1834 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUamALS Aleea (1388 2.406) (2) 138 A Cfcse (1.258 1306) AMD (0.80B)
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  • Article
    COMPANY MEETINGS
    27 10 METAL Baz 8hgum: AGM to be held at ShangriLa Hotel, Orchid Room, Mezzanine Floor, 22, Orange Grove Road, Singapore at 12 noon on July 2L
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  • Article, Illustration
    Aggressive buying pace sustained
    694 10 BUUJNNG m the overnight rally, the Btag»p*re stock market enjoyed naather Baylag laterest mi considerably flrm ud tke t|padre pace mi aastalaed throughout the eatlre day's Despite tight streams sf profit-taking dirlig the day, the halls saecesafnlly retailed their lead. At the flaal heU, galas were
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  • Article
    Steady note in KL market
    596 10 THERE was sustained buying interest at the Kuala Lumpur stock market yesterday and prices closed on a steady note in very active trading. Following the strong overnight close, buyers emerged in force to boost price moderately higher at the opening session. Some resistance to the
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  • COMPANY NEWS
    • Article
      Clear corporate philosophy at streamlined Magnum
      1985 11  -  By STEVEN TAN THE newer and stronger management team at the helm of four-digit forecast business group, Magnum Corporation, obviously prefers to bury the past and its previous haphazard attempts at diversification. With the benefit of hindsight, it is a wonder how much shareholders
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    • Article
      Robust Dredging
      263 11 SELANGOR Dredging has reported its best ever results for the financial year ended Mar 31, 1960. Pre-tax profit of the company rose by a robust 34 per cent to $19.82 million while total turnover improved by 28 per cent to $32.87 million. Directors are recommending a higher final
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    • Article
      Odd lots licence
      337 11 AMANAH International Finance Berhad, a company involved mainly in leasing and investment management activities, has been given a licence to deal in odd lot shares. Odd lot shares, as the term implies, are shares which are less than the usual round lot of 1,000 units. Thus they
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    • Article
      COMPANY BRIEFS
      223 11 REPLYING to the KLSE, Faber Merlin Malaysia said that the board knows of no reason for the substantial turnover in the company's stock and there are no matters of importance pending announcement except that preliminary discussions are being held by the company with several hotel owners in Singapore
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      330 11 Almost Vi acre of magnificiently renovated property at Kings Cross, Sydney, Australia will be auctioned in Sydney on August 14, 1980. Known as IDA PENDER PLACE, the property consists of about 7,500 sq. ft. of fully air-conditioned, fully carpeted offices; a discotheque and restaurant make up another 8,000 sq. ft.
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  • Article
    LONDON STOCKS
    747 12 LONDON, Fri. The market closed quietly mixed and at 3pm, the FT index was up two points at 496.9. Government bonds closed V» points easier in reaction to small selling interest with the June retail price index having little impact but the issue of a £1 billion 11%
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  • Article
    QC takes company director to task
    241 12 A QUEENS Counsel yesterday criticised a company director for not coming forward to give evidence to justify his refusal to meet his 19.4 million liability under a bank guarantee. Mr Anthony Diamond, for Moscow Narodny Bank, levelled his criticism at Mr William S.H.Goei, whom
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  • Article
    Petrochem payback
    51 12 YESTERDAY'S Business Times reported incorrectly that it will take 10 years for the Sumitomo petrochemical complex to break even. It is the payback period of the complex that is 10 years. The projection is based on a seven-year depreciation schedule for plant and machinery and 10 years for
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  • Article
    Lock icon Proposed amendment to HK company law
    344 12 Reuter THE Hongkong government has published details of the proposed Companies (Amendment) Bill 1980 which, if implemented, will introduce a substantial number of new provisions dealing with important aspects of Hongkong company law, a government spokesman said. The bill, to be presented to the
    Reuter  -  344 words
  • Article
    UNION PROJECT TEAM
    374 12 THE International Confederation of Free Trade Unions-Asian Regional Organisation (ICFTU-ARO) has assembled a team of high-powered project planners in its programme and educational bureau in Singapore. The team has identified several worthwhile trade union projects in the developing countries. A member of the team is currently helping
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  • Article
    Lock icon INFLATION IN BRITAIN FALLS
    103 12 Reuter RECESSION-HIT Britain has rfwHH Its Ant rigiHtcaat fall la taflattoa tor tw yean to aa 21 per eeat, toilrsltog that prfc* rim are paatog their peak. thfretoi!7£ I |Sartoina Jaae by M per eeat laflattoa to Brttato hai cUmteed from i tow Mht ef 7.4
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  • Article
    Lock icon Asean meeting unlikely
    132 12 AFP ASEAN foreign ministers are unlikely to meet in Manila next month, as it would be too soon after last month's annual session in Kuala Lumpur, diplomatic sources said yesterday. The sources were commenting on a New York report that the Philippine Foreign Secretary, General Carlos Romulo,
    AFP  -  132 words
  • Article
    Lock icon Talks on aid for refugees resume
    178 12 AFP HIGH-LEVEL talks on the future of humanitarian aid to hungry Kampuchea resumed in Bangkok yesterday amid reports that guerillas are complying with a pre-condition for continuation of the aid. International relief officials said the talks are a follow-up to the inconclusive session on
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      413 12 HONG LEONG FINANCE LIMITED (Incorporated In Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 24th Floor, Hong Leong Building, 16 Raffles Quay. Singapore, at 11.00 &jn. on Wednesday, 13th August 1900, for the purposes of considering
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      66 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few areas in the early morning. Report (ir 24 hours prior to U p.m. on July 18 at the airport Maximum temperature 27.9 Associated humidity 82 Minimum temperature 22.8 Associated humidity 96 Hours of sunshine 0.20 Rainfall
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  • LEISURE TIMES
    • Article, Illustration
      Chair affair
      393 13  -  By NG LOKE KOON I SENSUOUS and intimate. Those two words come m easily to mind, looking at them. Surprising because 'they' are pieces of furniture. Sensuous because they tease the eyes with the graceful es ht |l theUr •f mg 1 d ,c 8 w present age
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    • Article
      GETTING TO KNOW YOU
      1218 13  -  By PATRICIA GOH HALF the fun of staying abroad must be the different types of friends you meet and make, or maybe it's just because I happen to have a penchant for meeting up with some rather different characters. Even while I was at university here,
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    • Article, Illustration
      Belgian lesson from Pierrot
      675 13  -  By SALMA KHALIK I HAVE always enjoyed French food, and greatly looked forward to tasting the Belgian gastronomic*] delights of Chef Pierrot at the Harbour Grill. I was not disappointed. The food was excellent, and Chef Pierrot was as interesting as his food was delicious. But
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    • Article
      EXPERIENCE THIS
      162 13 THEBE'B aamethlag fer every mm la lie Shtgapwc Experiemee. Ne natter If yeaYe yaaag er eM, er «Imply ia year prime, there will always be a Mt ef eelear, seaad aad exdtemeat te captivate yea. After all, there b the glgaatle aereea that premises te give yea a
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    • Article, Illustration
      Volvo's new look
      1117 14 MOTORIIB with Tlermes WHEN you stop and think about Volvo cars, what are the characteristics that first come to mind? To the knowledgeable it would be durability, safety and comfort. To those enthusiastic about aesthetic appeal, the Volvo can be downright ugly and ungainly. The attributes of
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    • Article, Illustration
      Barefoot in the hills
      812 14  -  By NG LOKE KOON JANE Fonda and Robert Redford the perennial favourites of the fickle cinematic realm are back together again to offer the high-voltage The Electric Horseman (now showing at Lido cinema). Just about a fortnight ago, in a Sunday afternoon matinee over the television
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    • Article, Illustration
      COUNTRY CALL
      341 14  -  By VIOLET CHOW "IT'S a little bit country" at the Tiara Supperclub this week. Country music still appeals to many people, though disco is now the 'in' thing. And, it was not surprising that Bill Cate (below, right) and Boyd Robertson's Country and Western numbers captured the audience's
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    • Article
      Going for that paradoxical Triple Crown
      709 14  -  By RONALD KOW THE MALAYSIA Cup Is not the only soccer tournament organised by a Malaysian body in which a team at Singapore, whether representing the Republic or part of it, is taking part by Invitation. There are at least two others which are
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    • Article
      Anchor squash plate
      472 14  -  By CHARMAINE CHAN THERE will be an Anchor Business Houses Squash Plate (ABHSP) competition starting early next month. Mr Alec Lim, honorary secretary of the ABHSP, said: "This plate event is an extention of the Anchor fttatw— Houses Squash League (ABHSL). The management committee is trying to
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    • Article
      Water-ski championships
      309 14  -  CHARMAINE CHAN THE SINGAPORE Water Ski Federation (SWSF) intends to uae the 1960 7-UP Water SJri Championships as trials to select the Republic's team for the next South-east-Asia Games, which will be held in Manila. "The level oi competition should be higher this year because most of the
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    • Article, Illustration
      PLAISIR D'AMOUR SHOULD PLEASE
      236 14  -  FROM THE HORSE'S MOUTH ■y HYPERION A SOMEWHAT taeky |isle| ea the rails as tto Mi mm Mi the straight Mi plhat AM bw Flesh Ofireea 1 TMe «MknnT lertsT Ihe aettoa Mi to kc a aai there Is my pw deli, la ■■>»! at M,
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      65 13 "**l And fhnitflUd. Show Houm, Singapore 0923. T«t *****77 _IKMDa_ Volvo alters its imago II Fonda still beautiful II Violet Chow goes a little bit Country II Your weekend sports diary II Hyperion's selections lor your weekend racing at Bukit Timah II Going for that paradoxical Triple Crown in Singapore-KL
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    • Advertisement
      Page 13 Advertisements Column 2
      251 13 RICOH Plain paper copters Piwtermd by offices worldwide CALL *****5. ?Vf WywyPri amhm Wywy House. 1 Sinaaoore 031*. ivate Limited Wywy House. 17 leng Km Road, Singapore 0315. W7T. brighter Why idle away your lifa and languish in poorty paid jobs with no futura whan you can move ahaad with
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      794 13 WHAT WHERE EXHIBITIONS THE hero in the recently-screened SBC Malaylanguage series Jejak Kembara is an artist as well. More than 20 charcoal and oil works by Mohamed bin Mtiuuncd is on display at the patio of the Chinatown Restaurant of the Oberoi Imperial Hotel through July 26. This is an
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      84 14 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss Business Times? Subscribe now. »:*J v .i* K Cut
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  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      212 14 TODAY: 001/: SJOC BuUt location Ga w Khek Khiam Cup finals (afternoon). Sembawang: Monthly bogey competition. Juroog: 'A' and 'B' monthly medals. Seotcma: Monthly medals. WATEB-8KIIN0: First series of the 1980 7-UP Water-Skiing Championships starts at 2.30pm at the Sentosa Canoe Lagoon. The programme includes women's slalom and tricks. SQUASH:
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