The Business Times, 27 December 1980
1980-12-27
1
14
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The Business Times
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Title Section10 1980-12-27 1 BUSINESS TIMES No. IH/1/8I SATURDAY, DECEMBER 27, ltM 50 CENTS10 words
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BRIEFLY...
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Article54 1980-12-27 1 UPI JAKARTA, Fri. Leutenant General Widjojo Sujono will be appointed the new chief of staff of the National Security Agency today, the armed forces said. General Sujono, 52, currently military commander for Java and the eastern islands, will replace General Yoga Sugama, 56, who is toUPI - 54 words
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Article62 1980-12-27 1 Reuter MANILA, Fri. President Ferdinand Marcos, has ordered the release of two American pilots, charged with illegal possession of explosives, and allowed them to leave the Philippines, the presidential press staff said today. But is was not immediately clear whether the two, Duanes Heist and RobertReuter - 62 words
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Article80 1980-12-27 1 UPI LONDON, Fri. Four clerics offered Christmas services for the American hostages in scenes shown on US television, and an Algerian diplomatic delegation also visited all 52 captives and reported they "all are in good health". But Iran revived threats of spy trials for the captives. TheUPI - 80 words
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Article77 1980-12-27 1 Reuter NEW DELHI, Fri. About 50 Afghans staged a 24-hour sit-down demonstration outside the Soviet embassy in protest against the Soviet military incursion into Afghanistan one year ago. Some of the demonstrators who were in Kabul last Christmas recalled to reporters how Soviet troop-carrying transport planes began arrivingReuter - 77 words
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Article73 1980-12-27 1 Reuter PARIS, Fri. Israeli opposition leader Shimon Peres today criticised France's nuclear cooperation with Iraq and said that the Middle East might be sitting on an atomic volcano before the end of the decade. "France is making a grave mistake in giving Iraq nuclear capacity," he saidReuter - 73 words
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Article68 1980-12-27 1 AP TOKYO, Fri. Mitsubishi Motors Corp announced a basic agreement with Chrysler Corp today to form a wholly-owned marketing subsidiary to avoid complications arising from the American company's extreme financial difficulties. Last year, Chrysler distributors sold about 150,000 Mitsubishi cars in the United States under the brandAP - 68 words
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Article62 1980-12-27 1 Reuter TOKYO, Fri. Japanese colour television production this year is expected to reach a record 11.57 million sets and climb even higher in 1981 to 11.66 million, helped by exports. The 1980 figure represents a 17.7 per cent increase over last year and compares with the previousReuter - 62 words
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Article138 1980-12-27 1 Rises M Cement 940 130 Kings MS 70 M Cable* 426 66 G Ceramics 450 60 Mega Chem 360 60 Sel Properties 1490 50 Island t Pen 890 45 SEAL 585 45 Hong Leong 630 35 Dunlop Ind 600 35 Falls M U I 1420 -40 Pegi138 words
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Article, Illustration150 1980-12-27 1 Rises A P I 322 +47 S Lumber 650 40 Isl A Pen 935 35 P M Hold 600 20 Oriental 620 20 PMC 1190 20 Sel Prop 1520 20 M Banking 1580 20 Ben A Co 120 18 Falls S Trading 1400 -50 MUInd 1460 -30 Syn150 words
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Article, Illustration546 1980-12-27 1 FOO CHOY PENG - PROSPECTS GLOOMY NEXT YEAR By FOO CHOY PENG SINGAPORE starts off the eighties with a growth of more than 10 per cent the first time it has achieved a double-digit rate since the 1973 oil crisis. The country turned in the creditable growth this year546 words
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Article247 1980-12-27 1 SHANGRI-LA Hotel, which recently delighted its shareholders with a proposal to make a generous bonus Issue of two shares for every one held, has justified the move with its announcement yesterday that earnings and dividend payments will be the best in the current year. The leading hotel247 words
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468 1980-12-27 1 ALVIN TAY - By ALVIN TAY CREDIT POSB, a subsidiary of the Post Office Savings Bank, has raised its housing loan rates by IVi points across-the-board in line with market trend. With the increase, effective since Dec 15, borrowers will now have to pay 11 per cent468 words
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Article247 1980-12-27 1 A COPY of Singapore companies blacklisted by the European Economic Community (EEC) is circulating among EEC Embassies here. These companies have been blacklisted for alleged late or non-payment for imports from Europe. The countries most affected by this are France, Italy, Denmark and Austria. However, the Austrian Trade247 words
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282 1980-12-27 1 THE Fiber Merlin grwp, already the manager of a chain of 12 hotels located In Malaysia and Singapore, has secnred a lease on yet another hotel In Bntterworth, Province Welleoley. The company announced yesterday that it has reached agreement with Messrs 00l Swee Thlan282 words
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Article301 1980-12-27 1 NINE manufacturing companies were granted investment allowances in October by the Economic Development Board. Of these six are local concerns Vilco Private .Limited, Rising Paper Products Private Limited, Tong Eng Hong Metal Private Limited, Lam Soon Oil and Soap Manufacturing Singapore Private Limited, Singapore Plastic Plating301 words
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Article174 1980-12-27 1 ANY one who intends to buy toxic chemicals on or after Mar 1 next year will be required to obtain a permit from the Ministry of Health. The gazetting of The Poisons (Toxic Substances) Rules 1980 was announced yesterday by the ministry. A spokesman saicf: i4 Thĕ174 words
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Page 1 Advertisements
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Advertisement34 1980-12-27 1 Computer Safe Maximum Protection and Security For Data Media e S/K/IND SECURITY BtSiii I SYSTBVB PTE LIMITED II -5 I 45 Podium Block, Gotdhilt Plaza, Newton Road, Singapore 1130 Cable: EDP SYSTEMS Tel: *****11/334 words
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Advertisement121 1980-12-27 1 I MV i* Only MacGregor gives you all the expertise from the greatest golf players! That's because the greatest players of all time not only play with but developed MacGregor. Mr WOODS Crafted from the finest US persimmon and oil-hardened for extra power and strength. Green Victory® Grips and True121 words
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Advertisement70 1980-12-27 1 Leader...page I Leader...page LEISURE TIMES WHAT euaed the rIM in CPI last msnth I GREECE will be a dynamic member ef EEC 5 COMMERCIAL banking trend in Singapore < LOOKING at Miami in a different light 7 ANOTHER bank grants pay rises to its stafft EEC wants OS to drsp70 words
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Advertisement83 1980-12-27 1 Ft J Singapore' Business World at your Qf The Straits Times DIRECTORY Singapore (Buku Merah) A ..i. L- ?> Onlj for th'/ie u ho knou ahnut uuu Ihj//from Collet. f m h red u in t that t\ tmpi cub I) nwllou. And u compliment to any dining affair. *Calvet83 words
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TRADE AND INDUSTRY
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Article, Illustration476 1980-12-27 2 RICHARD SEAH - By RICHARD SEAH TRANSPEC Asia, a regional distributor of truck and trailer equipment, will mark its first anniversary in Singapore with a shift to new premises more than four times its present size. Charles Stephan, the company's managing director, says the larger premises476 words
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Article181 1980-12-27 2 SINGAPORE'S datel service via maritime satellite (Marisat) will be introduced to the Atlantic and Pacific Ocean regions. Marisat datel service enables the transmission of data worldwide to ships equipped with Marisat terminal equipment. To call a ship through the Marisat service from Singapore, the local datel subscriber should181 words
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Added incentive for two manufacturers
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Article328 1980-12-27 2 Of the six Ileal companies awarded investment allowance by the Economic Development Board in October, two companies stand oat in receiving the highest level of allowance of 51 per cent. The following are profiles of the two companies, Singapore Plastic Plating and Industrial Precision Engineering. PAUL Yeo328 words
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Article171 1980-12-27 2 THE company has improved operations to a large extent by automating operations, and the EDB investment allowance has been an incentive for the company to invest in new machines. With automation, SPP has not only improved quality control but has also increased production by two times, said171 words
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Article273 1980-12-27 2 CONSUMER prices last month were 6.6 per cent higher compared with the same month last year. Compared with October, prices rose by only 0.6 per cent. Since September, the change in prices compared with corresponding months last year had stayed below 7.0 per cent. Similar273 words
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328 1980-12-27 2 SECRETARIES can play an important role in the management of a company. But the role of secretaries are often unclear, so that they are not always fully involved in management. The Singapore Institute of Management will conduct a course on The Secretary in328 words
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Article178 1980-12-27 2 SEMINARS AND COURSES Jan 8-9: Finance For NonFinancial Managers, Price Waterhouse Associates Jan 10: Modern Secretary's Workshop, Waterloo Centre, Personnel k Organization Development Jan 10,17,24: The Secretary in Management Today, SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute of Management Jan 12-13: Systematic Staff Selection, SIM178 words
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Page 2 Advertisements
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Advertisement191 1980-12-27 2 were right behind you inSiglap. From today, our 51st branch in Singapore is open at 895/897 Upper East Coast Road, Siglap. Tel: *****34 .•X-. w J** M W m V-, ■nra ocean I ■Mil THEATOE X Sua n i V fl -P i V-.• «.'la—J^ n UPPER EAST COAST RD191 words
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REGIONAL
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413 1980-12-27 3 AFP GLOBAL trade is expected to remain stagnant for the second straight year in 1961. Major industrial powers are expected to grow by only 2.4 per cent in real terms, compared with 1.6 per cent this year. This was a world trade forecast madeAFP - 413 words
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Article247 1980-12-27 3 UPI SOARING food and clothing values drove Tokyo consumer prices in calendar 1960 to a three-year high, raising the threat of government action to cap inflation at about 7 per cent, government statistics showed. Figures released by the Prime, Minister's office said the consumer priceUPI - 247 words
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Article, Illustration420 1980-12-27 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES African Amber (after Semeli) 31/32 Bam (Tanker) (after Tomoe 63 Subject Gas Free P/O) 15/16 Bunga Melor (0630 hauls D/L) 35/36 Horn (after Hanbada) 44 Jurata (1100 after La Rioja John Bakke sails) 8/9 Jenson (0700 after Equator II) 22 Miyagi Maru420 words
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182 1980-12-27 3 AP TAIWAN will impose a quota on Japanese imports early next year if Japan does not make an effort to reduce the trade imbalance between the two countries. Mr Shao Hsueh-kun, director of Taiwan's Board of Foreign Trade, said Taiwan's trade deficit withAP - 182 words
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594 1980-12-27 3 Reuter IT HAS been a bad year for Sri Lanka's three big money spinners, tea, rubber and coconut. But prospects for the new year appear bright. Production and exports of tea and rubber in 1900 are officially expected to drop by about 9evenReuter - 594 words
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403 1980-12-27 3 AP AN avenging chorus of letters to newspapers in China demanded that the widow of chairman Mao Zedong, currently on trial for her life, be sentenced without mercy to the severest punishment implying death. A prominent letter to the People's Daily portrayed Jiang Qing,AP - 403 words
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Article139 1980-12-27 3 Reuter FOREIGN nationals will have to pay a 500-per-cent tax on the purchase of real estate in Sri Lanka under a new law to be introduced shortly. A government spokesman said such persons would also be subject to all Sri Lanka taxes The law, whichReuter - 139 words
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165 1980-12-27 3 UPI THE Philippines and Italy have signed a tax treaty providing for rates on income levies and safeguards against double taxation. The two countries agreed to reduce the tax rate on income derived from shipping and air transport to 1.5 per cent from 2.5UPI - 165 words
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316 1980-12-27 3 UPI IN ANOTHER major effort to haul itself out of recession, the Ford Motor Company has agreed with Toyo Kogyo of Japan to produce jointly compact Mazda cars at its assembly plant in Australia. With parts supplied by the Hiroshima-based Toyo Kogyo, FordUPI - 316 words
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THE REGION IN BRIEF
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Article394 1980-12-27 3 KOREA'S flag carrier Korean Air Lines (KAL) yesterday sued the Tokyo International Airport Authority for 62 million yen (U*****,000) which it allegedly lost after a boarding door of one of its passenger jets was destroyed at the airport The accident occurred on June 26, 1978, when the394 words
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Page 3 Advertisements
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Advertisement135 1980-12-27 3 SEA PRINCESS $1,620 S Cruising aboard P&O's Sea Princess simply means a dream holiday come true. Romantic intimacy, luxurious comfort, superb cuisine and fun-filled entertainment are some of the realities you'll enjoy Choose from a variety of specially tailored packages Crulsa-Fly packages: Embark Sea Princess at Singapore on February 28.1981135 words
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Advertisement230 1980-12-27 3 No mystique in this magnificent investment A good Oriental carpet has a charisma which derives from an aesthetic fusion of design, artistry, technical construction, durability, symbolism, history and age. The better the carpet the more powerful the charisma, and additional factors come into play such as rarity, intellectual clarity condition.230 words
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RAW MATERIALS
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Article123 1980-12-27 4 RUBBER futures in Tokyo yeserday closed easier with prices 0.1 to 1.4 yen lower in thin trading, dealers said. The market rose intially slightly on short-covering mainly by smaller investors encouraged by the US dollar's firmness. But prices later drifted lower on liquidations and profit taking as the market123 words
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Article74 1980-12-27 4 THE STRAITS tli price hi Pessig yesterday me Msl te $1,131 ft viral (eqaivaleat to |SIJS ft kite), 9214 betew the faitersftttMftl Tla Agreement ceiling. Steriiag's rise agaiast the Malayrifta Mlftr sad farther baying sappart tram Jftpfta ftfti lacally helped ta maiatala prices ftt this level despite the74 words
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Article201 1980-12-27 4 CHICAGO soybean futures closed 11 Vt to four US cents a bushel lower on Wednesday, around the middle to low side of a IOVi-cent range. The day's decline was exaggerated as thin trade caused extreme price sensitivity. Late local shortcovering ahead of the Christmas holidays took prices off day's201 words
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Article183 1980-12-27 4 WHEAT futures in Chicago on Wednesday closed six to 3Vi US cents a bushel lower, on the high side of a 5V4cent range. Volume was light all day due to the Christmas holiday. Local short-covering in response to lack of followthrough selling pressure lifted values further off day's lows183 words
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789 1980-12-27 4 FT INDONESIA is the world's largest producer of palm oil next to Malaysia. However, with tin and rubber, Indonesia «nil lags far behind its agriculturally industrious northern neighbour. Malaysia is currently producing around 2.5 million tonnes of palm oil a year whileFT - 789 words
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Article285 1980-12-27 4 Reuter THE THAI Foreign Trade Department has abolished rice export quotas for the first quarter of 1961 in an effort to promote exports and increase paddy prices for local farmers. A Thai Commerce Ministry spokesman said the decision means rice exporters need no advance approval fromReuter - 285 words
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Article173 1980-12-27 4 CHINESE Pwliee Exekuc«, flfpirr, rlsstag prteo per 1M kg yeatorday. r 1111 ■it Bulk fob $140.00 sellers, okJ drum (In second Kanri drum) fob *152.00 sellers, new drum fob $160.00 sellers. Gsff»: Mixed (loose) 177.00 buyers. Pepper: Muntok white pepper fob AfU NLW $422.50 seUers. Sarawak white pepper173 words
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Article302 1980-12-27 4 SINGAPORE: Rice prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.12, 100 per cent second class 0.96, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.76, Special 0.73. THAI302 words
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Article67 1980-12-27 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated: LONDON: Wed Previous Malaysian 5% ffa bulk per tonne February 622.50alr 622.50slr Sumatra 5% ffa bulk December 635.00slr 635.00s lr January 622.50slr 620.00slr February 622.50*lr 620.00alr March 622.50slr 620.00alr April 622.50slr 620.00alr Nigeria 5% ffa bulk67 words
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600 1980-12-27 4 AFP SPOT AND current prices on the Yokohama silk market moved slightly higher over the benchmark price of 14,700 yen a kilo this week. But trading was extremely thin and the governmental Japan Raw Silk Corporation absorbed increased amounts of silk toAFP - 600 words
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Article62 1980-12-27 4 Reuter INDIA'S edible vegetable oil imports during the 1980/81 marketing year are not likely to exceed the 1979/80 level of around 1.15 million tonnes. Reporting this, the US Department of Agriculture's counsellor in New Delhi said that because of foreign exchange limitations, the Indian government willReuter - 62 words
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Article716 1980-12-27 4 COFFEE: Robusta futures on Wednesday closed a shortened trading session steady, £7 up in near months to £1 a tonne down from Tuesday in deferred positions. Turnover was 438 lots, including 18 options. Dealers said the market held a narrow trading range on a combination of local dealer716 words
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ASIAN STOCKS
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530 1980-12-27 4 TOKYO SHARE prices rose yesterday, led by large capitals, low-priced blue chips and defence-related issues, but trading was light ahead of New Year holidays, dealers said. The market average rose 31.26 points to 7,063.13 with volume 250 million shares. The Tokyo Stock Exchange index530 words
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Article244 1980-12-27 4 STOCK prices yesterday closed lower in thin trading, dealers said. Bangkok Bank fell four baht to 294, Thai Farmers Bank two to 274, and Rama Tower 0.50 to 84. Jalaprathan Cement and Asia Fibre closed unchanged at 111 and 135 baht respectively. DEC 2b Bahl* Amu Crrtit Asua Klbr*244 words
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Article15 1980-12-27 4 THE following stock markets were closed yesterday: HONGKONG (Christmas) SYDNEY MANILA (Special hoBday)15 words
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Page 4 Advertisements
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Advertisement88 1980-12-27 4 f A The Times Calendar- FESTIVALS '81 Festivals '81 is exquisitely reproduced from 12 Chinese brush paintings in water colour by well-known artist, Low Puay Hua. These paintings of locaf festivals are specially commissioned by The Times Organisation. Low's expert strokes combined with skillful printing makes The Times calendar a88 words
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OVERSEAS
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394 1980-12-27 5 Reuter IRAQI President Saddam Hussein said his troops penetrated deep into Iranian territory from the north a week ago and they will stay in their positions within Iran as long as a state of war exists. The official IraqiReuter - 394 words
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Article781 1980-12-27 5 ARRIVALS Service Local Operator Number Time > From PAA PA005 0030 JEK/SFO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SLA SQ101 0615 KUL MAS MH605 0630 KUL MAS MH621 0635 PEN MAS MH671 0930 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710 1005781 words
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518 1980-12-27 5 AFP GREECE, which will become officially the 10th member of the European Economic Community (EEC) next Thursday, will be a dynamic but difficult partner, political, diplomatic and economic sources in Athens believe. The honeymoon promises to be brief. To the extremely-complex problems posedAFP - 518 words
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Article317 1980-12-27 5 AFP Reuter THE Reagan Administration is expected to propose the establishment of an international scheme for stockpiling wheat and other major grains. The scheme will be run by both producing and consuming nations. Quoting government sources, the Tokyo economic daily, Nihon Keizai Shim bun, said inAFP; Reuter - 317 words
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332 1980-12-27 5 NYT ARTHUR Burns, the former chairman of the Federal Reserve Board and an adviser to President-elect Ronald Reagan, said it would be "unwise" for Mr Reagan to declare an economic emergency, as some of the incoming President's aides have urged him to do. "It's notNYT - 332 words
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298 1980-12-27 5 UPI PRESIDENT Anwar Sadat has said Egypt will send more arms to Afghan resistance fighters battling Soviet troops who invaded their country a year ago this u/Aolr In a Cairo television interview marking his 62nd birthday, be appealed to all Egyptians toUPI - 298 words
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399 1980-12-27 5 AFP SOVIET leaders are worried about poor supplies of food products reaching the cities and are calling for new efforts to improve agricultural production. The politburo agricultural specialist, Mr Mikhail Gorhachev, secretary of the central commitee, has drawn attention to "the difficulties encountered inAFP - 399 words
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THE REGION IN BRIEF
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Article456 1980-12-27 5 Agencies A CHRISTMAS mass was broadcast at midnight on Wednesday night in Poland tor the first time since the overwhelmingly Roman Catholic country came under communist control in the aftermath of the World War n. The radio broadcast, from Wawel Cathedral in Cracow, was one of theAgencies - 456 words
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Page 5 Advertisements
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Advertisement235 1980-12-27 5 Swiss technology for Asean 14-18 January 1981 Singapore Mandarin Hotel Open: 10 am 8 pm SWISS TRADE AND TECHNOLOGY FAIR Three years after the very successful first SWISSASEAN, you can again, in the heart of S.E.Asia, establish and tighten business relations with more than 100 dynamic Swiss companies. Most sectors235 words
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Advertisement206 1980-12-27 5 HOLD YOUR BREATH FOR 60 SEC... and you'll find out how important fresh, clean air Is. The trouble is you seldom get it in an airconditioned building because... till now, the airconditioning ducts have been inaccessible and impossible to clean. Installed dirty, they get progressively worse and become the ideal206 words
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Article361 1980-12-27 6 IT IS AN unfortunate but inescapable fact of life that people cheat no less so when they are in business. The puritan, the babe in the business world may be horrified to hear of the 'shocking racket' that has filled the pockets of fraudulent businessmen361 words
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333 1980-12-27 6 CREDIT POSB, the financing arm of the Post Office Savings Bank, has long held the honour among banks and finance companies of offering the lowest loan rates for house buyers. This has been made possible by the relatively lower interest POSB pays on deposits. But333 words
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1523 1980-12-27 6 LEE YOKE MENG - By LEE YOKE MENG THE phone kept ringing at Ben Fernandez's desk last week. While everyone was rushing around in the jolly Christmas spirit, he was wanted at the other end of the bankers' lines. The period near Christmas has always been1,523 words
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Article679 1980-12-27 6 LEONARD SILK - FORUM with LEONARD SILK NYT WHAT lessons can be learned from the way the hyper-inflations in Germany, Poland, Austria and Hungary were suddenly ended in 1923 and 1924 after each country's price index had reached incredibly high levels? While those inflations and the way they wereNYT - 679 words
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Page 6 Advertisements
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Advertisement201 1980-12-27 6 lL i J 'J TO Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative201 words
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Page 6 Miscellaneous
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Miscellaneous600 1980-12-27 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 It bubbles forth somehow (5) 6 A sighed utterance on stage? (5) 9 Doubter's defence? (7) 10 Division One supporter (5) 11 So American, this bandmaster (5) 12 Band parts? (5) 13 Not a word about what happened to that last veil (7) 15600 words
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Miscellaneous757 1980-12-27 6 The secret of Dorian Gray LEARNING to grew *14 gracefally to xt easy for Mine people. Itot to exactly the eaw sf Dwtoa Gray la toalght'a nkbright movie ea titled "The Secret of Dorlaa Gray" at 11.25 pm. Gray thinks he ku flaally faaad the elixir to eteraal yaath when757 words
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2241 1980-12-27 7 STEWART FLEMING - All is not well for the West German banking industry. Commerzbank, the fourth-largest bank in the country, is contemplating cutting its dividend. Several other banks have had a second consecutive year of poor profits. The astonishing growth of German bankFT - 2,241 words
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Article853 1980-12-27 7 GEORGE VOLSKY - By GEORGE VOLSKY NYT FOR years business leaders in Miami have been trying to live down what they call an inaccurate and outdated image of Miami as a suntan way station to nowhere. But they believe that, of late, strong winds of economic change have uncoveredNYT - 853 words
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Page 7 Advertisements
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Advertisement361 1980-12-27 7 —>* I L •'■V Convenient 1-week spread 1-week spread An entire week at a glance on each doublespread. With a special section for your appointments, day by day, hour by hour, and the entire 1981 calendar on •very spread. Saves you flipping back and forth. Plus an Advance Engagements section361 words
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INTERNATIONAL STOCKS
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Article1193 1980-12-27 8 NEW YORK THE NEW YORK stock market on Wednesday drifted upwards as investors began their Christmas holiday early. The Dow Jones industrial average gained five points and advances led declines three to two. Market volume shrank to 29 million shares from 55.26 million on Wednesday. Analysts1,193 words
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Article201 1980-12-27 8 IHX* 24 Cf Ahiubi 24 Mm 39 Al|[nnt;> 37 Bank Mont 32 -U Kink Nova Scotia 33 unoh Bell Tel 19 unch Beth Corp Br cm LM 37 Br.iM-an 3f» l amp Hed Lake 71 -1 Can Imp Bk 27 anpar 43 Canpar lnv Pi 20 Caring O Keefe201 words
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Article294 1980-12-27 8 iif r 24 Hand INDUSTRIALS A Alpha 4JU Abrrcotu 315 -5 At And CI 840 unch AMIC 2hU» -25 Barlow > iueo 10 C* Sugar CNA 57* ♦5 Currie Kinanff 225 IV Brers Ind MM 6.10 unch Mfcm 8700S V vrftaiji K#d Vulk 490 unch r*m 23SB (i.ir<lun omul294 words
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Page 8 Advertisements
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Advertisement719 1980-12-27 8 See Page 4 for Asian stocks and Page 9 for European markets Where to wine, dine and entertain Snacks for your island treks l m BBTiin.. Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00719 words
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Advertisement138 1980-12-27 8 Whatever your taste, the Cockpit Hotel makes it great. V Dragon Palace Restaurant Siamese Seafood We're famous for our Restaurant Cantonese Cuisine The Siamese Seafood Restaurant is as good as Bangkok! Victoria Bar The Coffee-House Relax in an atmosphere of For informal meals and elegant days gone by light-hearted snacks138 words
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BANKING AND FINANCE
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Article452 1980-12-27 9 THE FOREIGN exchange market was basically quiet yesterday as it was a bollday in London. Most currencies bad failry wide quotations and the US dollar did not move significantly. Against the Singapore dollar, the US unit started off at 2.0995/55 before dropping at noon to 2.0670/90. Late covering452 words
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Article54 1980-12-27 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 29 to 31 and on Jan 2: Offered: $70,000,000 Applied for: $124,700,000. Allotted: $70,000,000. Accepted bids: $98.30 approximately 20 per cent and higher bids in full. Average rate of discount en allotment: 6.77554 words
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Article178 1980-12-27 9 THE FOREIGN exchange market closed early on Wednesday for the Christmas holidays, with currencies little changed from their opening levels. Trading was quiet and largely restricted to commercial business and booksquaring. Most dealers were only indicating rates, with spreads as wide as 200 basis points in some cases. The178 words
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Article22 1980-12-27 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.8 per cent.22 words
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362 1980-12-27 9 THE slowdown in the growth of the monetary aggregates has set the stage for a major decline in interest rates in the weeks ahead. Despite hefty credit demands on the banking system and fairly encouraging economic statistics during the past month, the362 words
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Article160 1980-12-27 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec 28: U8Dollan<8£ot> 7 days 22V, 22 w 1 month 21W 21 Vb 2 months 10H 19'.. 3 months IBM 18 W 0 months I7vt 17 9 months 15H 12 months lSVi 15'* Sw_Pr* Da*. 1 month 3 months160 words
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Article43 1980-12-27 9 RANGE of prices offered by discount bouses on Dec X: Overnight: 7W* Call deposits: 6H% to 7V.% Kf SeUi>( 3-month Treasury bills 6V. 3-month Bank bills 13% 13V. 3 months CD 13 12% 8 months CD 12% 12V« Source: National Discount Co43 words
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Article177 1980-12-27 9 THE US dollar for overnight delivery yesterday closed firmer at 206.50 yen, compared with a 206.20 opening here and 207.25/75 closing both in New York and on US west coast on Wednesday. Trading was thin with the volume US$664 million. The dollar eased to the day's low of 207.90177 words
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EUROPEAN MARKETS
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Article203 1980-12-27 9 DEC 24 Kls ABN 288.50 -2.5 Ahold 71 SO 0.5 Akzo 1680 -0.2 AMKV 94 30 0.3 A 111 Li112.50 unch Amrobnk 60 90 -04 Brrgos* 17 10 -0.9 Brrk 45 00 unch Bol« 54 10 -06 BorMimlj 201 00 -7,5 Burhmann 55.20 -0.1 Byrnkorl 40 00 0 5203 words
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Article261 1980-12-27 9 DEI" 24 Krs CORBEILLE Air-Liquidr 533 4 B S N Grrvais Union* 1065 15 C S K t ThomsonC*I> 413 4 t'lr Krancais* dps Prlroles 258.20 2.9 I'ouipugnie Financiers C'ompagnwr (Jenerah* 367 1 Crwlil Koncier 1> France 418 unch HorhrUr ll.ibrairw) 340 unch Machinn Bull 53 05 Michrlin (B)261 words
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Article186 1980-12-27 9 UtX'34 ►"nines Actions Suisse» 296 unch Alusuisse Br 1150 +30 Alusuuse Reg 441 I Brown Bovrri Br. 1455 10 Cibu llfigy Br. 950 unch Ciba Geigy P C 765 +15 Clba Oeigy Reg 555 +3 Iredil Suisse Br 2B70 »20 I'redil sm— Reg 457 -1 Elektrowatt Br 2570 5186 words
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Article103 1980-12-27 9 DEC 24 Km FORWARD MARKET Acer Arbed A-stur Bra.sran Bru-i-unib I'anpur Cork Dr Brers Kbes Elertrobel Ob-Inno-Bm Gev Hobok Pelro Ryl Uutrh Sid ro Sor Gen Brig Sotina Solvay A Tanks U Mm V Mont 290 1258 340 918 1004 1162 180 326 1800 3370 1905 1318 2470 5180103 words
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Article257 1980-12-27 9 OFFICERS at Banque Nationale de Paris (BNP) are getting a 25 per cent pay increase that is backdated to Jan 1 this year. This is the most significant result of the first collective agreement signed by the French bank with the Singapore Bank Officers257 words
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Article215 1980-12-27 9 BANKING activity in Singapore is poised for a period of sustained growth. This is the view of Mr Garret Thunen, senior vice-president of Bankers Trust Company in New York, who was in Singapore recently as part of a tour to look into Banker Trust's major operations215 words
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269 1980-12-27 9 Reuter THE Japanese finance ministry has limited the amount of foreign currency loans for Japan residents (impact loans) that some major banks can offer this month. The move reportedly limits issues of impact loans by the banks to US$l5O million each this monthReuter - 269 words
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Article70 1980-12-27 9 THE Long-term Credit Bank of Japan has established a representative office in Jakarta to extend financial operations in the South-east Asia The bank now has two branches, one agency, two wholly-owned subsidiaries and 10 representative offices overseas. Meanwhile, the Bank of Tokyo says it will establish70 words
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Page 9 Advertisements
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Advertisement12 1980-12-27 9 •See Page 4 for Asian stocks and Page 9 for European markets12 words
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Advertisement173 1980-12-27 9 E m m tf"/ v> OV > 96 >'f. T '< 7 4? W, y?,Y4 >' My/k &?y//A t&y WsM x V/ S' /Ap- vv When you subscribe to Business limes directly you save $25 It's like getting 41 issues I RTF. Subscribe to Business Times now and get 41173 words
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1774 1980-12-27 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc 11.3553)1,774 words
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Article174 1980-12-27 10 SINGAPORE UNIT TRUST 1 prteea far Dee The Commerce 3.24 3.41 The Savings Fund 1 2.06 S pore Prog Fund 1.41 1-48 S pore Sec. Fund 2.13 2.24 S pore Invest Fund 1.90 2.00 S pore Equity Fund 1.31 137xd ASIA NIT TRIST (Mangers' prices far Dee t>)174 words
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Article2711 1980-12-27 10 Gr'i Gr'» Net 1980 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Ac ma 324 15.0 2.8 4.6 12.8 300 220 Alcom 300 12.0 2.5 4.0 17.0 149 116 Allied Choc 135 12,711 words
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Article1810 1980-12-27 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. INDUSTRIALS AJomb (2.825) (1) 2.84 (3) 2.82 Alex BaM (1.558) AMD (0TIB)1,810 words
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Article79 1980-12-27 10 SEA View Hetol Limited: AGM to be held at the Hotel Premises at Amber Close, Katong, Singapore 1543 on Dec 27 at 11.00 am. MALAYSIA Biee ladastrim Berfcad: EOGM to be held at the Conference Room, 1st Floor, Hotel Malaya, Jalan Cecil/Bandar, Kuala Lumpur on Dec 29 at79 words
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Article, Illustration743 1980-12-27 10 LATE proflt-taking eaased share prices to drift tower after itnager «pealig at the Magapere stock market yesterday. Ai a resalt, the market eteoed ea a mixed aete witk selective cenaters beldlag eat resilleaUy despite the bread spate ef proflt-takiag. Oa the whale, market seatimeat remaiaed fairly743 words
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Article579 1980-12-27 10 THE Kuala Lumpur stock market fluctuated irregularly yesterday to close on a mixed-to-slightly-steadier note after the generally firmer trend seen on Christmas Eve. Gains were mostly confined to a handful of selected industrial counters, notably lower-liners which captured the limelight yesterday. Overall, however, shares mostly marked579 words
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COMPANY NEWS
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294 1980-12-27 11 ELECTRICAL and Allied Industries' profit has collapsed to $175,677 pre-tax for the first six months ended Sep 30, following a sharp downturn in sales. The bad spell was apparently a continuation of the weaker conditions prevailing last year when taxable profit slipped some 11294 words
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62 1980-12-27 11 TAN Chong Motor Holdings Bhd said it has incorporated a new subsidiary called Auto Coil Springs Sdn Bhd to manufacture car parts. The new company's authorised capital is MJIO million while its current issued capital is only |2.00. Tan Chong said it is holding62 words
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Article610 1980-12-27 11 KOH TSE YING - By KOH TSE YING AILING Veneer Products (VP) has resolved to dispose of its loss-incurring subsidiary PT Veneer Products Indonesia (PTVPI). The losses accumulated over the past three years as well as internal disputes with the Indonesian partner over PTVPI's inter-company current accounts has led610 words
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506 1980-12-27 11 SIME Darby's sale of its 27.6 per cent interest in Guthrie Corporation has drawn UK stockbrokers Laurence, Prust's attention on Guthrie where, it says, prospects of a successful bid, which have been steadily receding, "are now further off still." Laurence, Prust says that compared with506 words
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Article, Illustration616 1980-12-27 11 TCMD3 HOCK LOCK SIEW WITH the unwelcome prospect of a deeper recession in the United States, continuing turmoil in West Asia and Poland, and persistently high interest rates in Singapore blind bullishness about the stock market is out of the question. The downside risk, should economic fundamentals turnHOCK LOCK SIEW - 616 words
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Article113 1980-12-27 11 TENGKU Noone Aziz Tengku Mahamood has been reelected chairman of the Kuala Lumpur Stock Exchange Committee during its AGM last Saturday. The line-up remains virtually unchanged except that committee member Mr Lee Keng Bin has been replaced by Mr Koh Kee Tee of Koh and Lee Securities.113 words
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188 1980-12-27 11 Bandar Raya Developments announced yesterday that the Malaysian Capital Issues Committee has approved the issue of 14,765,7k) new shares in the company to bumiputra investors at the price of $2.00 per share. The special issue comes at a time when the company is188 words
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58 1980-12-27 11 THE North Borneo Timbers Bhd said it will sell the group's entire holding of 1.58 million shares in Ocean Leila for M 54.34 million. The company said the group will realise a profit of $899,000 from this sale and the proceeds will58 words
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LATEST RESULTS
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Article66 1980-12-27 11 has reported an unaudited pre-tax profit of M 5671,796 (1618,424 previously) for the six months ended Oct 31. Total rubber production amounted to 464,996 lbs (521,470 lbs) and the average selling price obtained was 83.10 cents per lb (76.53 cents). Oil palm output was 3.4266 words
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Article77 1980-12-27 11 has reported an unaudited group net profit of Msl.oB ($1.43 million) for the six months ended Oct 31, on turnover of $8.62 million ($10.85 million). The parent company, meanwhile, made a net profit of $778,000 ($1.13 million) on turnover of $3.60 million ($4.29 million). An interim77 words
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Article60 1980-12-27 11 has reported an unaudited net profit of MJ2.72 million (SLM million) for the year ended Aug 31 on turnover of $11.71 million ($11.06 million). A final dividend of 8 per cent gross (7 per cent) will be payable on Jan 19 to shareholders registered on Jan60 words
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Article92 1980-12-27 11 has announced a second interim dividend of 8 per cent gross for the 18 months ended Dec 31 (10 per cent for the year ended June 30, 1979), making a total of 18 per cent gross (15 per cent). The company said because of the extended financial92 words
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Article36 1980-12-27 11 has announced a pre-tax profit of $425,931 ($302,432) on turnover of $538,246 ($369,907) for the six months ended Sep 30. The parent company's pre-tax profit was $224,624 ($7,970) on an income of $286,266 ($34,656).36 words
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Page 11 Advertisements
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Advertisement136 1980-12-27 11 35 mm £5X5 <%_ j We ve soared to dizzy heights Circulation has doubled in three years: an amazing record! Since Business Times was first published in October 1976, it has meant business: providing businessmen in Singapore with a reliable daily source of essential news. Now, circulation has doubled to136 words
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683 1980-12-27 12 NYT THE European Common Market is stepping up pressure on the United States to repeal a tax incentive for exports that Presidentelect Ronald Reagan said during the election campaign should be expanded to spur competitiveness. The Europeans pressed their case in Geneva last weekNYT - 683 words
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312 1980-12-27 12 AFP SOME of India's top opposition leaders were among more than 10,000 people arrested yesterday for taking part in a protest march by farmers in Maharashtra. The Press Trust of India said former industries minister George Fernandes, former chief ministers of Bihar, Haryana andAFP - 312 words
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Article143 1980-12-27 12 Reuter PRIME Minister Indira Gandhi has assured US President-elect Ronald Reagan that India would like to have close relations with his new administration. Mrs Gandhi's message was conveyed in a letter handed to Mr Reagan recently by Mr B.K. Nehru, India's former envoy in Washington. Mr NehruReuter - 143 words
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330 1980-12-27 12 CHINA'S readiness to attend a proposed international conference on Kampuchea without a precondition "should make it easier" for Vietnam to participate, Foreign Minister Tengku Ahmad Rithaudeen said yesterday. He described the Chinese attitude dropping their insistence on at least a partial Vietnamese troop withdrawal330 words
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Article295 1980-12-27 12 THE cement shortage in Malaysia is not an artificial one. The managing director of Cement Industries of Malaysia Berhad, Mr Azmi Khalid, said yesterday that where his company was concerned, he was willing to take any member of the Consumers' Association of Penang (CAP) to the295 words
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Article635 1980-12-27 12 LONDON, Wed. Share prices closed mixed in pre-holi-day trading and at the end of the half day of trading the Financial Times index was down 1.0 points to 465.7 Government bonds gained up to 1/8 point while equities leaders were easier in places with the bulk of the635 words
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199 1980-12-27 12 Reuter DEALINGS of foreign investors in US stocks were a record US$l9.5 billion in the third quarter, against $12.5 billion in the second quarter and $18.3 billion in the first quarter. Foreigners, including Arab investors, accounted for over 98 per cent of third quarterReuter - 199 words
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Article62 1980-12-27 12 Reuter THE Japanese Export-Im-port Bank has signed a contract in Moscow to provide the Soviet Union with loans totalling 208.8 billion yen to help finance Siberian coal and forestry development projects. The semi-official bank said yesterday the loans comprised 8.8 billion yen for coal developmentReuter - 62 words
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365 1980-12-27 12 UPI JAPAN ran up a current deficit of US$5B2 million in November due partly to slow exports. The finance ministry and the Bank of Japan said in a report yesterday that the overall balance of payments, however, recorded a $1.35 billion surplus. ItUPI - 365 words
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291 1980-12-27 12 JAPANESE Prime Minister Zenko Suzuki will continue with his Asean tour next month as planned despite threats of violence and anti-Japanese demonstrations, Foreign Minister Masayoshi Ito said yesterday. In an unsigned statement mailed to the Reuter office in Manila this week, the so-called291 words
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251 1980-12-27 12 AFP MANY Asian nations are switching to policies favouring direct investments by foreigners in the face of the second oil crisis which had resulted in swollen balance-of-payment deficits and ravaging inflation, the Bank of Japan reported yesterday. In an analytic report,AFP - 251 words
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Page 12 Advertisements
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Advertisement169 1980-12-27 12 FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT rnUFFDFMPF FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CURRENCY ADJUSTMENT FACTOR The above Conferences wish to refer to their press announcement of 23rd and 24th December and remind shippers further for their guidance that, as already169 words
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Advertisement434 1980-12-27 12 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage434 words
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Page 12 Miscellaneous
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Miscellaneous66 1980-12-27 12 msmmm Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places in the late morning. Report for 24 hours prior to 7.39 p.m. on December 2C at the airport. Maximum temperature 29.7 Associated humidity 70 Minimum temperature 23.5 Associated humidity 94 Hours of sunshine 4.20 Rainfall66 words
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LEISURE TIMES
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Article, Illustration1801 1980-12-27 13 LEE YOKE MENG - DESTINATION By LEE YOKE MENG IT TAKES just one word to describe Holland flat. Miles and miles of flat plains, of land and water, come into view the minute you step out of the airport in Amsterdam, the famous Schiphol Airport that is itself1,801 words
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Article, Illustration426 1980-12-27 13 ALVIN CHOW - ALVIN CHOW OPENING nights can make or break a performance. For the Seekers, performing at the Tiara Supper Club, its opening night has obviously given its members cause for celebration. One rehearsal is all they have here and yet they manage to give an426 words
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Article, Illustration760 1980-12-27 14 CHARMAINE CHAN - A pleasant surprise at the 4th series of the 1980 7-Up Water Skiing Championships last weekend was the formation of a new team the White Rusties. CHARMAINE CHAN gives you more details about the group. She also reports on the results of the competition. mm CHARMAINE760 words
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Article313 1980-12-27 14 TODAY GOLF: Jurong. Twentyseven golfers who have been recommended by their Clubs for selection to represent Singapore in international competitions, are invited to participate in the first designated tournament arranged by the Selection Committee of the Singapore Golf Assiciation. The competition consists of 36 holes, strokeplay 18313 words
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Article212 1980-12-27 14 FOR THE EXPOSURE be has gained in television ud sews publications, 38-year •Id Japanese professional golfer, Isao Aoki, wai Asia's top sportsman in 1989. Aokl, who wan International golf fame in 1178 when he captured the world matchplay championship in England, electrified sports fans, particularly Americans212 words
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Article, Illustration453 1980-12-27 14 PEEBLE - J*. 'v .i'V '"VV- <"* W> 4r mL PEEBLE I AM sure that there are more than a few children in Singapore who, like my three year-Id daughter, received a pair of running shoes for Christmas. It isn't that I intend to make a track star much less453 words
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Article, Illustration1119 1980-12-27 14 MOTORING with "Hermes THE LITTLE boost gauge in the upper right hand corner of the fascia resembles the apple that Eve used to tempt Adam into sin. You keep wanting to see the needle veer into the orange sector as it is1,119 words
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Page 13 Advertisements
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Advertisement116 1980-12-27 13 BUSINESS TIMES GIVES YOU THE EDGE o\WIT| v\u ALAS the 7-Up Water Skiing Championships have come to an end. CHARMAINE CHAN reports on the results of this 4th and last series. An interesting feature of the competition was the formation of a new team the White Rusties which was eventually116 words
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Advertisement10 1980-12-27 13 BUSINESS TIMES] When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous448 1980-12-27 13 WHAT WHERE V J CONCERTS AT THE Victoria Theatre on Tuesday at Bpm is Daaeeacape, a concert presented by the Chinese Women's Association in aid of the Singapore Cultural Foundation. Various art groups, including those from across the Causeway, have combined their talents for this show. They are the Havelock448 words
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