The Business Times, 23 May 1981
1981-05-23
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14
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The Business Times
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Title Section11 1981-05-23 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, MAY 23, 1»! 60 CENTS11 words
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BRIEFLY...
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Article49 1981-05-23 1 Reuter NEW YORK, Fri. Chase Manhattan Bank, Citibank NA and Manufacturers Hanover Trust Company raised their prime rate by half a percentage point today. All the three banks are now quoting 20'/2 per cent as the rate they charge their best customers for loans. ReuterReuter - 49 words
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Article87 1981-05-23 1 AP WASHINGTON, Fri. Gasoline and grocery prices fell last month, holding the overall US inflation increase to 0.4 per cent an annual rate of 5.1 per cent and the best monthly performance since last July. Inflation is averaging about 8.4 per cent so far this year, fourAP - 87 words
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Article63 1981-05-23 1 Reuter TOKYO, Fri. Two of the world's largest advertising agencies, Japan's Dentsu and Young and Rubicam of the United States, signed an agreement on close business ties, including joint undertakings. The two companies said that as a first step, they had agreed to set up a 50-50Reuter - 63 words
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Article72 1981-05-23 1 Reuter MOSCOW, Fri. Soviet President Leonid Brezhnev said today that one hasty step could set off a war in the Middle East, and called for an international conference to bring stability to the region. Speaking in the Georgian capital of Tbilisi, he described the situation inReuter - 72 words
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Article75 1981-05-23 1 Reuter BONN, Fri. Government spokesman Lothar Ruehl declined comment on West German press reports that a European Monetary System realignment involving a devaluation of the French franc is likely this weekend. Mr Ruehl said it is not government practice to comment on speculation about currency exchangeReuter - 75 words
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Article65 1981-05-23 1 AFP JAKARTA, Fri. Indonesian troops were called in today to guard the American electronics plant Fairchild in Jakarta's southern outskirts, where 1,700 workers were on strike for the second day. An official of the company, which produces electronic parts for television and radio sets, said the situationAFP - 65 words
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Article74 1981-05-23 1 AP LONDON, Fri. The Yorkshire Ripper, Peter Sutcliffe, was jailed for life here today after he was found guilty of the murder of 13 women. Judge Sir Leslie Boreham recommended that Sutcliffe should not be released for at least 30 years. Sutcliffe, a 34-year-old truck driver, admittedAP - 74 words
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Chief Price Changes
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Article134 1981-05-23 1 Rises Indices C Sugars 1910 80 May 21 May 22 H Leong Fin Paramount G Ceramic* 1000 770 675 70 70 55 B.T.Indicator: Industrials: *****.*****94.96 894.94 889.77 A P I 875 45 Finance: 1886.42 1862.73 Hong Leong Ind 1870 40 Hotels: 1317.40 1307.56 Taiping Textile Guthrie S25 384 40134 words
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Article, Illustration152 1981-05-23 1 Rises Indices Bedford 1900 1180 May 21 May 22 G Kent (M) 800 105 B.T.Index: *****6.57 31.688.72 C Sugars Syn Tesins 2020 70 Industrials: 1119.74 1109.36 920 35 Finance: 1896.67 1879.59 Falls Hotels: 518.31 517.14 Properties: 1247.93 1218.13 Sel Prop Malakoff 1100" 750 -70 -60 Tins: {rubbers: 493.57152 words
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672 1981-05-23 1 CATHERINE ONG - FORMS LIKELY TO BE OUT SOON By CATHERINE ONG SINGAPORE Finance will make a comeback to the local stock market with a public offer of 7.5 million new shares at $4.50 per share. The public issue will raise $33 million for Sinfin and will672 words
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242 1981-05-23 1 GOVERNMENT departments will tighten up planning approval procedures to reduce delays. They will not accept any major amendments to approved building plans for a period of one year from the approval date, except for technical changes. This is one of the measures announced by242 words
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570 1981-05-23 1 CHOO AI LENG - By CHOO AI LENG AFTER three years of anxious waiting, market highflyer Pegi Malaysia has finally received the goahead from the Malaysian authorities for its re-listing on the Kuala Lumpur Stock Exchange (KLSE). Pegi yesterday announced that approval has also been granted by the Capital570 words
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Article625 1981-05-23 1 LOCAL songwriters can now sell rights to their compositions worldwide through a newly formed music publishing company. The company, EMI Music Publishing, was incorporated a month ago as a separate entity from EMI Records. The publisher will help local composers maximise the earnings from songs they625 words
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284 1981-05-23 1 THE Gaverameat yesterday uiMKd that all the 4 per eeat iaenue la Ceatral Pravideat Faad caatrlhattoas (rem Jaly e«a be ased to bay I—aadBW shares. Caatrihattoa ta Ike Special Aeeaaat will alaa be lawered tram U per eeat to 4 per284 words
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522 1981-05-23 1 MARGARET THOMAS - By MARGARET THOMAS THE Monetary Authority oC Singapore is understaffed. Barely two months after it retrenched 61 employees in a drastic reorganisation, the MAS is now quietly passing the word around that it has vacancies and would welcome applicants for these jobs. It has also522 words
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Page 1 Advertisements
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Advertisement40 1981-05-23 1 =vi A ACt StCQO VISIT THE 1 READING HABIT aDmes Bookshops t .w.-k—d Cmm ttnbunn'i J o Unlr s :r3?«vsa?* .S«Ci»usnCtNT«f .^UAiIWAM* 1M rwoxl aoan Ofdtmtt Head T 7J7HH O»»o *»•< T W*M ?clT»oSoci«t.f .wNAMomt t« nw 2*at'i T sww* T40 words
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Advertisement204 1981-05-23 1 Swing With A Perfect 2ii The form and function of many things are often rated on a scale of 1 to 10. MB This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club'lo'. These new-design woods and irons were created204 words
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Advertisement78 1981-05-23 1 Leader...page I LEISURE TIMES IMF says inflation most be reduced 2 CHANGI Airport can serve as reference 5 BRINGING back sparkle of the GENTING Bhd explores estate p0tentia1................................... 11 MALAYSIA plans new way to attract private 5ect0r................ 12 SINGAPORE Land earnings hit diamond market by higher costs It y TV78 words
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Advertisement79 1981-05-23 1 FOR PEOPLE WHO MATTER w •> STANLEY LEASINGHAM At the Clare- Leasingham Valley, nature conspires with man to produce a vintage. A wine that requires Time to mature and be made precious deserves to be preserved. Like Stanley Beaujolais Now carefully stored in a wine cask So you can en|Oy79 words
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OVERSEAS
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726 1981-05-23 2 AFP THE KEY policy-making body of the International Monetary Fund (IMF), meeting in Libreville, Gabon, reaffirmed on Thursday it£ conviction that the fight against inflation "must continue to receive the highest priority". Finance Ministers of rich and poor countries in the IMF's 22-nation interimAFP - 726 words
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Article101 1981-05-23 2 AFP A GOOD deal of Indonesian capital has been flowing abroad, presumably totalling over US$lOO million, because of the more attractive saving terms overseas. The chairman of the capital market executive board, J A Turangan, said the government has imposed no ban on the flow of moneyAFP - 101 words
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Article68 1981-05-23 2 Reuter GLOBAL concern over oil has overshadowed a firewood crisis which has affected the energy needs erf millions of people in Asia. The UN Economic and Social Commission for Asia and the Pacific (Escap) said yesterday about 30 million people in the northern rim of India and AfghanistanReuter - 68 words
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Article561 1981-05-23 2 AFP THE CONTROVERSIAL amendments to Malaysia's Societies Act have been gazetted and came into force on Thursday. The amendments, passed by the Malaysian parliament last month, despite opposition from political parties, doctors, lawyers and civic organisations, forbid persons sentenced for more than a one-year jailAFP - 561 words
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328 1981-05-23 2 THE British government, which is due to resume regular bilateral trade talks with Russia next week, is still unwilling to match subsidised export credits as offered by other countries, possibly jeopardising future Soviet orders for British goods. Preferential credit facilities328 words
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359 1981-05-23 2 AMERICAN businessmen have complained that a US law barring corporate bribery overseas has cost them foreign sales and has forced them to spend too much time and money meeting the law's accounting standards. Urging that the law be revised, they gave their support359 words
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252 1981-05-23 2 Reuter GENERAL Motors, the leading US car manufacturer, officially unveiled its US$5 billion range of "J" cars on Thursday, which it hopes will counter mounting imports of small Japanese cars. The "J" cars represent the strongest American challenge so far toReuter - 252 words
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170 1981-05-23 2 AP ROYAL Dutch Shell Company profits slumped by 63 per cent in the first quarter of this year, the company announced on Thursday, blaming the oil glut and economic recession, and its lack of access to cheaper Saudi Arabian crude. Without adjustments for currencyAP - 170 words
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WORLD IN BRIEF
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Article433 1981-05-23 2 Agencies AUSTRALIAN geologists yesterday announced a major oil find in Western Australia's Canning Basin, south-west of Darwin. Vamgas Ltd said the Blina No. 1 well was producing at a rate of 906.7 barrels a day, signalling what the company described as the most significant onshore oil findAgencies - 433 words
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Article785 1981-05-23 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC SFO HKG Cargolux CV796 0530 LUX DXB MCT MAS MH601 0630 KUL MAS MH680 0645 KCH FT FT71 0700 JFK ORD ANCf NRT TPE I SLA SQ101 0815 KUL < MAS MH811 0815 PEN MAS MH603785 words
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Article, Illustration496 1981-05-23 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Crystal (APB) (after Leda Maersk) 31/32 Feng Yi (after Jade Bay t Botany Chemist) 35/36 Kim Ann (1600) 23/24 Kim Soon Li (1200 21 East Leda Maersk (after Palatino) 31/32 Mizoram (after Frotasantos) 38/39 Sriwijaya (after JoinviUe) 47 Sargodha (after L496 words
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Page 2 Advertisements
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Advertisement127 1981-05-23 2 ff In this moving epic fantasy, William Horwood bestows a mythology upon the dark and mysterious world of moles and gives it a vivid life that takes us beyond the realities of nature itself to the eternal struggle between Good and Evil. "Hi* mole empire is a (Might, his romantic127 words
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Page 3 Advertisements
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Advertisement518 1981-05-23 3 Here's your opportunity to secure capital appreciation potential through investment in top Diamond is one of the most durable and desirable of precious gems and can be yours through your participation in the Diamond Singapore Fund, Asia's first ever diamond trust investment fund. The steady price increases over the past518 words
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RAW MATERIALS
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Article173 1981-05-23 4 CHINESE Produce Exchange, Singapore, noon closing prices per 1M kg yesterday. Ckmil «U: Bulk fob 3115.00 sellers, old drum (in second hand drum) fob $128.00 sellers, new drum fob $134.00 sellers. Copra: Mixed (loose) $67.00 buyers. Pepper: Muntok white pepper fob Asta NLW $415.00 sellers, Sarawak white pepper173 words
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Article205 1981-05-23 4 CHICAGO soybean futures on Thursday closed at the bottom of a 15-cent range, down 18 1 2 US cents a bushel in old crop to off 5Mi cents in new crop in hectic dealings. Traders said aggressive commission-house and local stop-loss selling once the July based US$7.6l support level205 words
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Article142 1981-05-23 4 WHEAT futures in Chicago on Thursday ended at the day's lows, down eight to seven US cents a bushel in revived trade. Late sympathetic speculative selling in response to the sharp declines in corn and soybeans dropped prices to the bottom of day's ranges, traders said. Values were placed142 words
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213 1981-05-23 4 AFP WESTERN world primary aluminium production fell by 3 per cent from March to April and showed little change against a year ago, but, over the first four months, output remained ahead of the 1980 figures, the International Primary Aluminium Institute revealedAFP - 213 words
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Article252 1981-05-23 4 QUIET and featureless trading conditions were experienced in a week shortened by the Vesak holiday as levels fluctuated within the narrow range of five cents, with current One RSS closing the period marginally higher, says Hallday, Cutler, Bath aad Company in its latest review of the252 words
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Article192 1981-05-23 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cettea yam: China Blue Phoenix 20b 2,290; 32s 2,760, 40s 3,0« (per bale of 400 lbs). Piece pifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly192 words
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Article327 1981-05-23 4 BINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.06, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special327 words
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Article292 1981-05-23 4 QUOTATIONS on the Singapore rubber market marked up one cent at the opening yesterday, but prices lost some ground in early trading on profit-taking, but then firmed again after midday on covering interest, speculative buying and a reserve of sellers. The morning session closed firmer with June One RSS292 words
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Article320 1981-05-23 4 RAS prices in cenu per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 252.30 253 SON lot 1 R.S.S. June 251.50 252 50 Int. 1 R.S.S. July 255 00 256.00 Int. 2 R.S.S. 228 50 229 SON UK/Coat 227 50 228.50N Int. 3 R.S.S.320 words
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Article116 1981-05-23 4 NOON SSR rod SMR pncw ymt ard»r RA8 SSR 20 SSR SO 11 mm pellet) (1 -toe pellet) Jma (Cirml Hu> r, 222 SO 219SO 1 Mlk) lellere 234.SON 221S0N (Forward Mlk) Bayer* Sellers 224 SO 2J6SON 221M 223 SON MRCLB SMR CV SMR L SMR 5116 words
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306 1981-05-23 4 Reuter WORLD production of oilseeds and related materials in the 1960/81 year is now estimated at 163.2 million tonnes, up 900,000 tonnes from April's estimate, but 11.2 million tonnes below output in 1979/80. In its world oilseeds situation circular, the US Agriculture Department saidReuter - 306 words
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Article786 1981-05-23 4 COFFEE: Robusta futures yesterday gained £14 to £22 during a quiet morning which featured mainly selftrading, dealers said. The market opened around £13 up in July, reflecting New York market gains and traded thinly within a £5 range in the absence of follow-through interest. Morning volume of 2,663786 words
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Article166 1981-05-23 4 THE PALM oil market in Kuala Lumour yesterday continued higher on light covering in quiet trading, dealers said. In June, South gained Mss to $995 per kilo with Central at $990. In july, South was traded at $970 while in August South was traded up to $942.50. Dealers166 words
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Article84 1981-05-23 4 THE STRAITS tin price in Penang yesterday fell six cents to M 529.35 ft kilo, still within the International Tin Agreement lower range of $27.28 to $99.91. Weaker sterling against the Malaysian dollar and renewed higher disposals of tin poshed prices down, despite sopport by buffer stock manager84 words
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Article34 1981-05-23 4 Rubber. May 22 Singapore: June: 254.50 cents (up 4.50 cents) Malaysia: June: 275.50 cents (up 5.00 cents) Tin: M 929.35 per kilo (down 6 cents) Official offering: 217 tonnes (up 52 tonnes)34 words
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Article112 1981-05-23 4 JAPANESE natural rubber imports in April fell sharply to 28,448 tonnes from 36,571 in march and down from 29,485 a year earlier, customs cleared trade statistics show. April imports comprised 22,889 tonnes from Thailand, 2,761 from Malaysia, 2,370 from Indonesia, 208 from Singapore and 220 from112 words
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ASIAN STOCKS
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562 1981-05-23 4 TOKYO SHARE prices yesterday continued to rise sharply at the close for the third consecutive day with buying interest over a wide front, dealers said. The market average gained 53.56 points to 7541.02, following rises of 116.19 and 107.26 in the past two days,562 words
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Article274 1981-05-23 4 THURSDAY'S weak close and the hike in US broker loan rates caused the market to open lower yesterday. Early trading was thin but as volume increased share prices picked up also. The 11am index was up five points but the rally was short-lived as the market came off sharply274 words
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Article218 1981-05-23 4 MAT a Cwta INDUSTRIALS A.C.L A. M. L A P. M. trttr ■Ml N8W Boral Brambtaa C B A C. R R CM Allied 1M at Mt lflt m at m Mt Ml iats -J it unch 15 4-t •1 -M •M 10 Dunlop Ex Ind Herald Hooker LCI218 words
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Article188 1981-05-23 4 MAT a Asia Credit Bahts 1® ♦t Aruthajm In*. And Trust Bangkok Investment Bangkok Bank Bangkok Drying And 8U0 Bangkok Insurance Bangkok Metropolitan Ban I 2M unch Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd Bala I IS in 1 1 Bertl Jucker Carpet InUrNaUonal Cbaroonc Thai Wire188 words
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Article83 1981-05-23 4 MAT S PMO* Acoje Mtnln| AUai Coo A MM •■cb Atiu Con. B. an ■U Bifulo OoM Btnmt Con B BF Ooodrtch JOM am IUP ***** unch 0J rprp coo unch Landoftl 1 Lepanto B. Mirlnduqui B I'm TOO -0M unch litre tc« Oritnttl A Oriental R M -0JM983 words
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Article51 1981-05-23 4 FINANCIAL TIMES INDUSTRIALS Thursday 544.8 Wednesday 544.8 Week Ago 558.1 DOW JONES AVERAGE INDUSTRIALS Thursday 976.50 Wednesday 976.88 Week Ago 973.07 H.K.HANG SENG Friday 1598.82 Thursday 1606.63 Week Ago 1548.21 AUSTRALIAN INDUSTRIALS Friday 744 J Thursday 742.5 Week Ago. 746.6 ALL ORDINARIES Friday 706.8 Thursday 889.9 Week Ago51 words
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Page 4 Advertisements
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Advertisement245 1981-05-23 4 ATLAS mc in a.' Limited copies! POST TOD A Y for your copy V*» V.% WORLD What makes PHILIPS'ILLUSTRATED ATLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually exciting, very readable245 words
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TRADE AND INDUSTRY
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Article451 1981-05-23 5 THE United States Department of Commerce will sponsor a major exhibition of American industrial products from July 6 to 10. Known as Ampro-Asean '81, the exhibition is organised by the US International Marketing, Centre in Singapore. To be held at Mandarin hotel, it is expected451 words
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Article527 1981-05-23 5 SEMINARS AND COURSES May 25-July 1: Quality Assurance Engineering and Management, Ming Court hotel, Sisir May 25-27: Challenges Facing Book Publishers in the *****, RELC, Macmillan South-east Asia May 25-27: Modern Techniques Strategies for Management Problem Solving, SIM Conference Room, Singapore Institute of Management May 25-July 1: Quality527 words
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400 1981-05-23 5 NMB Singapore will start construction on a 12,000 square metre factory extension on its Chai Chee site next week to expand production of miniature ball bearings and stepper motors. Costing $10 million, the extension will increase the company's floor area to 16,000 sq400 words
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Article, Illustration242 1981-05-23 5 CATHAY Organisation has promoted Mr Cboo WengChoong to executive director of its group of companies in Malaysia, Singapore and Brunei. He succeeds Miss Ruby Loke Yuen Kin, who has been appointed vice-chairman from May 1. A chartered accountant, Mr Choo joined Cathay as assistant circuit manager in242 words
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Article442 1981-05-23 5 THE Data prep group has been awarded sole distribution rights for Control Data Corporation's computers. Dataprep will have the right to market CDC disk packs, cartridges, flexible disks and magnetic tapes in Malaysia and Singapore. In addition it will market CDC's newly-developed media and accessory products. CDC, which442 words
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Article, Illustration230 1981-05-23 5 CHANG I Airport can be used by Indonesia as a "reference" for its Cengkerang international airport in Jakarta, scheduled for completion in 1985. The Indonesian Minister for Transport, Communications and Tourism, Air Marshall Rusmin Nurjandi, yesterday toured the nearly completed Changi Airport as part230 words
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Page 5 Advertisements
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Advertisement192 1981-05-23 5 An unique property investment opportunity! Ss39 million Package Sale of 49 Shop Units at -i.% i l NT "•V Ideally situated at tha bustling island MTR Interchange in the Golden Central District Belt PROFITABLE INVESTMENT: The 49 shop units (Nos 1 -49) are located on the 2nd floor of the192 words
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Advertisement556 1981-05-23 5 A top-level management conference on MERGERS ACQUISITIONS June 11 12, 1981 Shangri-La Hotel, Singapore A conference designed for Corporations Advisers Chief Executives Managing Directors Corporate Planners Finance Managers Company Secretaries Acquisition Specialists Investment Bankers Commercial Bankers Consultants Tax Legal Advisers Merger Specialists At this conference we bring you only the556 words
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Article380 1981-05-23 6 IT IS BECOMING increasingly rare these days to come across a person who does not dabble in the Singapore stock market. Share market snippets dominate small talks at dinners and cocktail parties; the favourite lunchtime topic is the stock market's performance in the morning;380 words
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Article317 1981-05-23 6 IT IS UNLIKELY that Singapore would be able to market abroad successfully its community-consciousness-raising songs like the current Sing Your Way Home, but a 2.4 million strong population must harbour at least a handful of people talented enough to turn out the tunes that317 words
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Article, Illustration1555 1981-05-23 6 KENNETH MARSTON - The worst may be over for an overheated diamond market. But real recovery, reports KENNETH MARSTON, remains a long way off as the market has to live with high interest rates. Since the US accounts for about one-third of polished diamond sales, the market is nowFT - 1,555 words
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Article783 1981-05-23 6 FoBPM^&&ai with RUSSELL BAKER j NYT LIFE has become a constant burden, thanks to the recent surge of scepticism about the accuracy of what is written in the newspapers. Last night, (or example, my garage was invaded by investigators looking for evidence that fictions have beenNYT - 783 words
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Page 6 Miscellaneous
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Miscellaneous649 1981-05-23 6 CRYPTIC PUZZLE ACROSS 4 Stay and keep mother in check (6) 7 Is a shire, perhaps, but not dry land (5,3) 8 A jam due to wild capers (6) 10 Cold forts, possibly (5) 13 He again is present (4) 14 Man from Dorset House <4) 15 Person viewed as649 words
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Miscellaneous31 1981-05-23 6 Cartons I W e*utrojT purreßVftros whew "Me ftx»C€. weizfe cp*uec> id D6P.L Tl-(«r DCvMtN UKXAOM'T exve. ft SftJV PB'2e Hecrceo OP 8v THQ3uSHG.TH£rO PR" T»C Pbuce. UMEN THEY WBZIVIED rr?i .CM31 words
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Miscellaneous758 1981-05-23 6 TiVBIRWm THREE SORCERERS THE MYBTERIOUB aid awe—me pmn sf wltehenA, sarcery sad magie came attve toright la the mldalght msvle, "The Raven". Set la 15th ceatary Eaglaad, a primitive time raled by magic, fear aad saperstiU*a, the teatare tells the tale «f three sarcerers engaged la a pawer straggle. Master758 words
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Article, Illustration1403 1981-05-23 7 RAY ANG - By RAY ANG UTOPIA comes in many forms to different people, but almost everyone will agree that white-sand beaches, palm trees and a blue Pacific Ocean at one's doorstep is pretty close to the idea. Hawaii is just that and more, and1,403 words
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Page 7 Advertisements
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Advertisement147 1981-05-23 7 Jg U J t?EE .—7l-St —f rc Sgy, ggglf -=rs r ■-»> ■■V sgjgWK— iiiir> w f Wfe'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 a147 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article169 1981-05-23 8 MAY SI ru ABN moo -1 Ahold 8030 -0J Also 23.00 0J iUtV 88.10 +0J Amfu 101 00 unch Amrobnk 5130 unch Ct-30 •10 28 -0J Bote SMO unch BorsumU moo -23 ftjfh—fnn S&OOKd -43 Cmltnd ii.au -03 Cilvi Dtlfl 214.00 -4 DlU Mil (MO -1J fwnla 141 JO169 words
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Article234 1981-05-23 8 CORBI Alr-Liaukte ULLK 4MJD +<u i_»p:*.gr PN ♦1 CSP (Tliomaonm» *0 -IS CM FiuctlM da* nil i ll— AH +11 Compacntc Financier* CoapMnli Oenerato m ♦1 Credit Pone Mr De Franc* M unci) Hacbette (Ubralrte) Mwhln— Bull Michel In (B) Parlba* Pechlney ciflne Kuhlmann SMJB •11 0.4 14 -J234 words
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Article88 1981-05-23 8 MAY 11 m FORWARD MARKET #*f> 310 5 Arbad -t A«tur jno -1 Bnictn urn Bru-Lamb 1134 ■4 Cmnpac 1444 -I Cock ITS 3 Da Bmra 321 3 Ebas UB •M ElccUobcl MOO unch Ob-Irvno-Bm 1MB 14 Or* IIN unch Hobo* an Mm 4306xd ■MO Ryl Dutch 13M Stdro88 words
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Article195 1981-05-23 8 MAT Dm A«t-Telctunk«i J060 -«A Atao 10.40 -01 Alls Leben 10*000 All* Vera BASF Bay H T Wbtnk Vbtnk i»n 1KLOO mooB -05 unch Bayer BBC BMW 125 00 SI 00 17X00 unch -a •i Cuaell* moo Chem Vrrw auo 0J Cofflmertbank Contl Oummi Daimler-Bens Difum 120.00 61 JO195 words
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Article166 1981-05-23 8 MAT SI Pranc* Actioni Sulsees Ttl Alusuleee Br. 366 Aluaulaa Rm S3 Brown Bo*trti Br. 1310 Cite Ovl(7 Br. U«0 cite nam p r tat •1 -10 -a uncn 3 -3 Cite Oalcy Rat 330 1 Credit Sulaat Br 813 -36 Credit Sulaae Ra« Claktrovmu Br. Oaorgt Plachar Br166 words
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Article92 1981-05-23 8 Ante Inoc Otn MM 4 I TWO OOfifi UO unch ""V Central# n.i ***** -BO MM -B piDlUtt mt» -us 0«n lomob MOO *> rn pn COS -37 lt*k*mentl ■wo -no lUklfU IB* 10 ludsKtor 100 -1 MjflWU M Pf 1130 .B M»r*Ul Ire Mad tot) Mtvn +wn Mirml&nat92 words
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Article174 1981-05-23 8 MAY 21 CI A hit!hi 17* 4k Alean Alfoma 47 M p tn i until m Ik But Norm 8co«la BcU Tel it* IS* 441 Bctii Corp BP Cut Ltd. 49 SH -1H Cajmp*R»d Lake 29* f'flTfMt Inv Pf 44* 27*4 -4k -I* Carllnf OlCicfc 7* 4*4 Comlnco Corn174 words
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Article234 1981-05-23 8 MAY >1 Rand INDUSTRIALS A Alpha 4* Atwreom AK And CI m m 10 uncb AM1C no ion 80 ♦to CNA Currle FUnno Dt Bttn Ind lOBB 00 m aoo -u uncb Edcon OS 1100 11 InrMdl red Vols Ui 10 ru«it a* uncb Oardlan Olminl i* m IK234 words
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Page 8 Advertisements
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Advertisement628 1981-05-23 8 See Page 4 for Asian stocks and Page 9 lor NYSE prices "The American Express Card serves you well, wherever good food is served'! Hi f*r> For sushi. For teppanyaki. For other authentically Japanese delights. ()/vn daily 12 noon —3 p m 6 30p m 30p.tm /-or reservations call *****628 words
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Advertisement270 1981-05-23 8 I M Dragon PiltM nNlmnnt Wen famous for our Canton*** Cuisine The Siamese Seafood Restaurant is as good as Bangkok* 99 o v r r Victoria Bar The CoW— Mou*e Relax in an atmosphere of For informal meals and elegant days gone by. light-hearted snacks a Cockpri Hctd Oxley Rise/Penang270 words
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BANKING AND FINANCE
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Article593 1981-05-23 9 Reuter GOLD sales from the monetary sector during the current decade will be more than offset by purchases by other central banks and government institutions. Mr Timothy Green, consultant to Consolidated Gold Fields Ltd, said he did not regard a substantial monetary stockpileReuter - 593 words
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Article25 1981-05-23 9 Reuter THE TAIPEH Ministry of Finance approved the application of Amsterdam-Rot-terdam Bank (Amrobank) to set up a representative office in Taipeh on Wednesday. ReuterReuter - 25 words
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195 1981-05-23 9 ASIA's first diamond unit trust fond, Diamond Management Singapore Ltd has acquired 21 diamonds costing $8.1 million. The D-flawless diamonds weigh 1.92 carats to 9.14 carats. Diamond Management is owned equally by the Overseas Union Bank and Banqoe Bruxelles Lambert SA of Belgium. It will195 words
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377 1981-05-23 9 Reuter FRANCE has introduced a series of measures to tighten exchange controls, including investment currency controls and to tighten limits on forward currency cover for imports. The measures take effect immediately. The limit for forward purchases of foreign exchange to cover imports is cut toReuter - 377 words
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486 1981-05-23 9 SIOW LI SEN - By SIOW LI SEN MOVING with the times, the Private Investment Company for Asia expects to expand its interests in investment banking in the future. This will be in keeping with the economic and political changes on the Asian scene since 1969 when Pica was486 words
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Article135 1981-05-23 9 Beater PORTUGAL has began talks with the latoraattoaal Monetary Pud (IMF) m a lean af at least three yean to help daaaee Its IN2/M eesnemir plan, Central Bank governor Jaelats Nnei said. Central baak asarcea said the apptteattoa, Partagal's first nader the IMP"» sappiemeatary facility,Beater - 135 words
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Article201 1981-05-23 9 CONSOLIDATED Industrial Gases Inc (Cigi), a Filipino-Australian joint-venture company manufacturing medical and industrial gases, have signed foreign currency facilities to finance the company's current expansion programme. The foreign currency financial facilities consist of an Export Credit Guarantee Department (ECGD) suppliers credit of U554.96 million guaranteed by201 words
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Article285 1981-05-23 9 Agencies THE INDONESIAN g*veremeat is preparing to float bonds to finance the building of toll roads in the country. The government is planning to build at least six new toll roads from the proceeds of such bond sales, Public Works Minister Purnomosidi Hajisarosa said. The first tollAgencies - 285 words
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122 1981-05-23 9 Reuter FIRST National Bank of Chicago has raised its broker loan rate to 204 per cent from 19' t per cent, effective immediately. Marine Midland Bank of New York has raised its broker loan rate to 20 per cent from 19 per cent. ChemicalReuter - 122 words
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Article26 1981-05-23 9 Reuter AUSTRIAN Bank Genossensehaftliche Zentralbank AG is raising US$5O million through floating rate Euronotes due in 1992, lead manager SG Warburg and Co confirmed. ReuterReuter - 26 words
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MONEY AND EXCHANGE$
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Article497 1981-05-23 9 TRADING was generally steady on the foreign exchange market yesterday. From an opening of 2.3120/30, the US dollar traded to as high as 2.3170/ 80 against the deutschemark. However, the position was not maintained and the US currency fell to the day's low of 2.3087/94 in the afternoon497 words
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Article171 1981-05-23 9 THE FRENCH franc opened sharply higher at 5.5150/5250 to the dollar yesterday, against its low in New York on Thursday of 5.6125/75 and close here of 5.5950/6060, after the announcement late yesterday by French Prime Minister Pierre Mauroy of franc support measures. It remained the weakest currency in the171 words
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Article68 1981-05-23 9 RESULTS of tender held yesterday for 91-day bills (to be issued from May 25 to 29) and 182-day bills (to be issued on May 25): 91-day biHa 1t2-day bills Offered: $130,000,000 $20,000,000 isas/" Aeeepteil hMa: 1266,000,000 $60,000,000 $130,000,000 $98.36 $20,000,000 $96.65 approximately 7V2 61tf higher bids in68 words
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Article23 1981-05-23 9 THE average rale at which major Singa* pore banks are currently prepared to lend to their best customers is 12.52 per cent.23 words
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Article170 1981-05-23 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on May 22. US DolUrt(Spot) Offer BM 7 days 19 l 19M 1 month 1015/*****3/16 2 months 19H 19v« 3 months 1913/*****1/16 6 months 1913/*****1/16 9 months 1713/*****1/16 12 months 17*. 17H Sw.Fr*. Dw. (Middle Priced 1 month 9'* 12*.170 words
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Article44 1981-05-23 9 RANGE of prices offered by discount house* on May 22: Overnight: 6W% Call deposits: to IHtt Ctosiac Bayimc Scllimf 3-month Treasury bills 6W 6H 3-month Bank bills 11% 11% 3 months CD M'4 UH 0 months CD 11 10% Source: National Discount Co44 words
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Article153 1981-05-23 9 THE US dollar rallied in quiet late foreign exchange trading yesterday, after opening little changed from New York's late quotes, dealers said. The French franc stood at a late 5.5650/5.5750 to the dollar, easier against its early 5.5575/5.5675 when it recovered against the dollar following news of support measures153 words
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Article207 1981-05-23 9 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels in light trading. Prices were marked down between US$9.5O and $11.50 a troy ounce at the outset fallowing the metal's decline in New York overnight which was depressed by strong US dollar and high US interest rates but207 words
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Article41 1981-05-23 9 Tktn K<4 New York 10 658 10 938 10.85S 11.13S Zurich 1070B 10 90B 10 90S U.10S PH Tkan Singapore 10 80B 10 90B io ns n.ios Closing prices ia US dollars a troy ounce. Source: Credit Suisse, S'pore.41 words
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Article130 1981-05-23 9 THE US dollar for overnight delivery yesterdauy closed firmer at 222.80 yen compared with a 222.50 opening and a 220.45 close on Thursday. Trading was moderately active with volume US$l.O2 billion. The market calmed in the afternoon, although the dollar remained high after briefly touching a ninemonth high of130 words
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Article1094 1981-05-23 9 NEW YORK MARKET NEW YORK stock prices on Thursday retreated in moderately active trading as several major banks raised their brdker loan rates. Analysts said concern over higher interest rates continued to be the major factor contributing to market weakness. The Dow Jones industrial average fell about1,094 words
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Page 9 Advertisements
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Advertisement0 1981-05-23 9 ;;?>|>.<^?~]{/>>$=/":=,>)`-}>+-0 words
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Advertisement315 1981-05-23 9 What will your Children become? Chemist/Analyst Doctor Laboratory Assistant Metallurgist Technician Computer Programmer Meteorologist Engineer Draughtsman Physicist Architect Designer Sociologist Accountant Young minds absorb knowledge. All the learning in Time-Life Books is the foundation upon which useful lives are built. Do you want your family to have this benefit? The315 words
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1963 1981-05-23 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 Acma (178B) (1)3.781,963 words
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Article193 1981-05-23 10 SINGAPORE UNIT TRUST DIAMOND MOT S'PORE (M prim tar Mi; (Maaagers* prtees tar May B18) The Commerce J M 4.04xd Diamond S pore USI-USI100 The Savings Fund J18 2.B SI- S«2 156 S pore Prog Fund 1.87 1.75 INCOME BOND UNIT S pore Sec Fund 2.56 2.89 (Cwcflt193 words
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Article2800 1981-05-23 10 Gr'i Crt Net 1961 Last Div Div YTd PflS Vol Dav High Low Coapuy Sale or- CVT COOO) High Low SECTION ONE INDUSTR1AL COMMERCIAL 424 320 Acma 380 -4 14.5 2.8 3.8 153 3 380 372 Alcorn 300 10.0 2.5 3.3 25.0 334 130 Allied Choc 2502,800 words
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Article2044 1981-05-23 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 (4145) (1) 4 It (1) 4 10 (3) 414 A Cbae2,044 words
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Article96 1981-05-23 10 TAT Lee Bank Limited: AGM to be held at the Conference Room, 4th floor, Tat Lee Building, 63 Market Street, Singapore on May 23 at 10am. UNITED Overseas Land Limited: AGM to be held at the Function Room, 2nd Floor, Merlin Plaza, 7500 Beach Road. Singapore 0719 on96 words
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Article, Illustration649 1981-05-23 10 BEARS wreaked havoc on the trading floor yesterday morning, sending shivers down the spines of Investors. But balls retaliated la the afternoon and confidence was restored. The morning opened with some panic selling especially in the Mae chips resulting in the Straits Times noon index closing649 words
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Article629 1981-05-23 10 SHARE prices maintained their downward trend with falls seen in a broad range of stocks at the Kuala Lumpur Stock Exchange yesterday. Properties were particularly weak as none of the counters traded improved. Only selected industrial counters managed to edge further ahead. Traders were apparently biding629 words
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COMPANY NEWS
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Article, Illustration919 1981-05-23 11 THE CITY STAFF - By THE CITY STAFF WITH the success of its pilot Kayangan Apartments project launched in 1979, Genting Berhad is vigorously stepping up its activities in real estate development. Plans are afoot to develop high-rise apartments and condominiums at choice locations in Genting Highlands. Spearheading the group's919 words
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Article339 1981-05-23 11 DESPITE competitive market conditions and rising costs, Sanyo Industries (Malaysia) has turned in a 26 per cent improvement in its pre-tax profits to M 51.495 million in the year ended Dec 31,1960. This is a somewhat slower rate of growth compared with the 35.6 per cent rise in339 words
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Article790 1981-05-23 11 UNITED Mistrial Corporation Ltd has incorporated two wholly-owned subsidiaries. UIC Investment Pte Ltd is an investment and holding company while UIC Enterprise Pte Ltd is to deal in general merchandise. Each has an authorised capital of $10 million but an issued capital of only two shares of $1790 words
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Article91 1981-05-23 11 NEPTUNE Orieat Liaes ku mM a stake la Its travel subsidiary, TrMeat Travels Pte Ltd, to latraca. The sale amaaats ta 35,31« shares sf |1 each which will he paid far la cash by latraca. TrMeat Is a travel ageacy which was lacarpsrated la Stagpaare91 words
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Article91 1981-05-23 11 AFP ASSEMBLY Services, a wholly-owned subsidiary of Inchcape Malaysia Holdings, is increasing its car production this year by 20 to 30 per cent. According to Mr Noel Roberts, managing director of Borneo Motor Toyota Malaysia, Assembly Services has already increased its present work force by 500 to 2,550AFP - 91 words
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Article63 1981-05-23 11 A LEADING banker and vice-chairman of Malayan Banking, Datuk Khoo Kay Peng, has been appointed the new chairman of the executive committee of Aseambankers Malaysia Bhd. Datuk Khoo, who was appointed to Malayan Banking's board as a vice-chair-man on Feb 26 this year, will replace Mr Hooi Kam63 words
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Article327 1981-05-23 11 HARRISONS Malaysian Estates (HME), the 80 per cent-owned subsdiary of the giant Harrisons and Crosfield has reported a further setback in its third quarter results. After an 8 per cent drop at the interim stage, unaudited group pre-tax profits have now fallen 17.5 per cent to327 words
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LATEST RESULTS
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Article59 1981-05-23 11 reported audited net profit of M 525,097 ($25,687) for the year ended Jan 31 on turnover of $1.91 million (11.82 million). Profit is after tax of $3,373 ($24,418) but before extraordinary gain of $18,368 (nil). Previously announced was a first and final dividend of 7.559 words
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Article23 1981-05-23 11 unaudited consoli- cunurs uiutuuiicru tuuauir dated net tangible asset backing per share as at April 30 this year was $2.2623 words
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Article70 1981-05-23 11 has announced a 58.9 per cent decline in pre-tax profit for the six months to Feb 28 this year. It amounted to $1.07 million against $2.60 million during the previous corresponding six months. Sales during the period, however, increased 0.9 per cent to $6.02 million from70 words
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Article80 1981-05-23 11 has announced a much smaller loss for the year ended Feb 28, 1981. The group's pre-tax loss has been reduced to $312,020 compared with the $686,833 loss suffered the previous year. Profit from extraordinary items, however, jumped sharply to $2.20 million from just $121,521 the year before.80 words
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Article415 1981-05-23 11 rMarket Talk... L A LONDON stockbroker La«reace, Prust and Co has advised local investors to be extremely cautious and to refrain from speculative comitments. In its May 13 issue of Weekly News, Laurence. Prust said the recent concentration of interest in highly speculative stocks with a415 words
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443 1981-05-23 11 HARIMAU Investments Ltd, like the other pabNcly-llsted Investment trusts, eajsyed Impressive growth la Its pre-tax profit last year. Hartmaa's pre-tax preflt reached M S minion for the year eaded Dec 31, IIM, a hefty 1134 per cent increase ever the previous443 words
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Article48 1981-05-23 11 F E ZUELLIG (Malaysia) Sdn Bhd, a subsidiary of Gold Coin Ltd, has acquired a 56 per cent stake in Manufacturing Services Sdn Bhd for a cash consideration of $141,820. The purchase amounts to 196,000 shares of $1 each in Manufacturing Services, a Malaysian-incor-porated company.48 words
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486 1981-05-23 11 CHRIS LIM - By CHRIS LIM CONSTRUCTION work on an extension wing affected Hotel Grand Central's business last year, but the hotel still managed to achieve a slight increase in its pre-tax profit to $1.54 million from $1.46 million in 1979. The 226-room hotel extension was486 words
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Article401 1981-05-23 11 THE PROPERTY chase among listed companies has continued unabated. This time, hotel group Faber Merlin Malaysia Bhd is acquiring the entire paidup capital of three million shares in property developer Grandview Development Sdn Bhd for a total consideration of M 517.6 million. In a letter401 words
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Article237 1981-05-23 11 THE NET asset backing per share of Industrial and Commercial Bank will be diluted to $1.84 from $3.42 after adjusting for the rights and bonus issue. This was disclosed in the bank's rights issue prospectus recently. ICB said that based on the current level of business, earnings are237 words
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Article189 1981-05-23 11 MEGA Chemicals Bhd has disposed of its holding of 1.13 million shares in associate company ChemetlcsMega Sdn Bhd for a cash consideration of M 5995,000. The sale, which represents 39.58 per cent of the issued capital of Chemetics-Mega, has resulted in a loss of 1288,000 for Mega.189 words
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Page 11 Advertisements
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Advertisement182 1981-05-23 11 <x XT A GIANT SLICE OF BRISBANE AUSTRALIA'S RESOURCE BOOM CENTRE "EATONS HILL" The Largest, Closest, Prestige, Northside Gazetted Residential Development 9.2 Miles (15.3 Km) from the City Centre. Appro*. 990 acres of prime land with Council Agreement to develop a further 3,000 plus, residential allotments. Value of expenditure to182 words
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505 1981-05-23 12 A MALAYSIAN government committee is currently studying how to make investments more attractive to the private sector. It is working out a framework of tax incentives to encourage companies to undertake industrial training as well as locate in the less developed states505 words
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Article438 1981-05-23 12 SIOW LI SEN - By SIOW LI SEN THE Rollei group has appointed two new managing directors for its Singapore subsidiary in an effort to strengthen its operations. This was announced yesterday by the group's new president Hannsheinz Porst who in March led a consortium of German entrepreneurs to438 words
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288 1981-05-23 12 Reuter FRENCH Socialist President Francois Mitterrand dissolved France's rightistdominated National Assembly yesterday and prepared to call new elections for next month. Mr Mitterrand signed the dissolution decree, which gave no date for the elections, after consultations with assembly officials and Prime Minister Pierre Mauroy. The decreeReuter - 288 words
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Article857 1981-05-23 12 LONDON, Fri. Share prices closed easier on balance today, after a quiet session ahead of the long Spring Bank Holiday weekend, dealers said. At 3pm, the Financial Times index was down 3.4 points at 541.2. Equities rallied slightly after easing initially on the Guardian Royal Exchange Assurance £76857 words
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Article79 1981-05-23 12 AP NEW YORK, Fri. The stock market edged upwards this morning, getting a lift from some better-than-expected inflation news. The Dow Jones average of 30 industrials rose 0.72 points to 977.31 in the first half hour. Gainers outnumbered losers by a 3-to-2 margin in the earlyAP - 79 words
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185 1981-05-23 12 Reuter AMERICAN officials say that a series of sharp disputes about Japan's defence responsilities and the activities of US warships in Japanese waters have caused relatively minor and temporary damage to relations with Tokyo. The officials conceded that an American effort to improve security tiesReuter - 185 words
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215 1981-05-23 12 THE DEVELOPMENT Control Division (DCD) should quickly computerise its operations to expedite approval of development plans. The president of the Singapore Institute of Planners (SIP), Mr Tan Kah Hoe, said the DCD should use computers to calculate details like plot ratio,215 words
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Article38 1981-05-23 12 THE Department of Trade has denied an AFP report carried in Business Times yesterday that a trade mission from Singapore was in North Sumatra to study its potential as a supplier of vegetables and fruits.38 words
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Article473 1981-05-23 12 KOH TSE YING - By KOH TSE YING HIGHER administrative expenses and interest costs have eaten into Singapore Land's earnings for the first half of its financial year. Although total operating revenue was up by 27.9 per cent to $7-56 million for the six months to February 1981, the473 words
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335 1981-05-23 12 Reuter THE US government regards its pact with Japan limiting car exports as an exceptional measure that does not violate free trade principles. Rejecting European Economic Community (EEC) criticism of the pact, Myer Rashish, Under-Secretary for economic affairs, said in Brussels yesterday thatReuter - 335 words
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113 1981-05-23 12 THE CONSUMERS' Association of Singapore •(CASE) yesterday said the recent price increases of new Housing Board flats by an average of 38 per cent is sharp and is bound to fray the pockets of consumers, especially the lower income group. While it113 words
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Page 12 Advertisements
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Advertisement174 1981-05-23 12 The Straits Times Directory of Sinfiapo general business pore The tab onvour business connection of over 5,000 names and addresses! The general business listing of the Straits Times Directory or Buku Merah (as we are also known) is a compendium of names and facts you ought to know. For instance,174 words
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Page 12 Miscellaneous
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Miscellaneous70 1981-05-23 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Thundery showers in several places in the morning and fair in the afternoon. Report for 24 hoars prior to 7.39 pm on May 22 at the airport. Maximum temperature 31.2 Associated humidity 74 Minimum temperature 25.3 Associated humidity 98 Hours70 words
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LEISURE TIMES
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Article, Illustration345 1981-05-23 13 LEE YOKE MENG - COLLECTING! By LEE YOKE MENG THE ENERGETIC C K Tseng is in the midst of another auction of Chinese porcelain ware. Antique collectors will no doubt remember Tseng and his fiery hammering off of precious objects at the Harvey Gallery and Victor Morris auctions not too long ago.345 words
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Article568 1981-05-23 13 win NYT A SEVERE spring frost has struck the champagne vineyards of France, damaging a significant portion of the vines and raising fears that another major decline in production will occur this year. The result may be a further increase in champagne prices, which have already risen dramaticallyNYT - 568 words
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Article, Illustration380 1981-05-23 13 WONG AI KWEI - By WONG AI KWEI STEEPLE'■ Dell Aad T»ke-aw»> Is a cosy Uttle place taeked away la a corner of the new Taagiln Shipping Centre, la fact, It Is m cosy, It caa easily pass as somebody's kitchen. The decor Is especially pleasaat. Done mostly in pine wood the380 words
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Article, Illustration105 1981-05-23 13 SILK CLOTHES IT IS tx* often that Ma it grateful to Worm, but even the «act unlikely can come to pass. MLI. m*. 1,-|, —M. mĔ* m i i ?>i *3"» tiny, .ywropfM? ottto «Krty cSwLed y»Mty nurtured luwardi high productivity. womendawn theSa. Even wiS^Se k*l advance* o( today,105 words
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Article425 1981-05-23 13 PETER WONG - PETER WONG THE BRIGHT and twinkling lights of the disco continue to draw the crowds. Disco craze has mounted year after year and the peak has yet to be reached. This prompted Marco Polo Hotel to spark off a new trend. It opened The Club,425 words
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Article, Illustration692 1981-05-23 13 DENNIS REDMONT - By DENNIS REDMONT ONE century after his birth, Pablo Picasso is outdrawing some of the major tourist sites of Venice with 350 controversial "secret" paintings and sculptures released by his granddaughter. The Spanish-born artist never visited Venice in his life. But the arrival of his works on692 words
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Article, Illustration783 1981-05-23 14 RONALD KOW - By RONALD KOW IF WE had been quick te laugh at the way Selangor was made to struggle for a place in this year's Malaysia Cup final on a 2-1 aggregate over Pahang, we should perhaps be looking at tonight's second leg semi-final between SingaporeSequence pictures by ALBERT SIM - 783 words
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Article478 1981-05-23 14 THE ORGANISERS expect a record-busting event. But who wouldn't when it is the world's oldestestablished golfing event? The 110 th British Open Golf Championship will be played between July 16 and 19 at the spectacular Royal St George's Golf Club in Sandwich, Kent. It has been478 words
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Article127 1981-05-23 14 JAPAN yesterday maintained a fenr-stroke lead after the second round 18-bole play of the third Asian amateur ladles get! team championships la Mi to, Japan. Japan had 147 for a twoday total of 214 to lead fear shots over Australia which carded 151 for a two-day127 words
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Article304 1981-05-23 14 CHARMAINE CHAN - By CHARMAINE CHAN NOTHING spectacular occurred in the 12-game semi-finals of the Columbia 300 Bowling Tournament but when the Grand Finals rolls-off at the Kim Seng Bowl tomorrow, there should be plenty of action. Twenty-four men including top semi-finalist Denny Koh, who was also the top304 words
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Article, Illustration392 1981-05-23 14 JAMES LEE. a 16-handicapper, won the 6th Ocean Building Golf Tournament at the Island course of the SICC last Saturday when he scored a nett 68. James beat 53 golfers to win the Ocean Building Challenge Trophy, an air ticket to Hongkong, Tretom golf shoes and a392 words
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Article, Illustration823 1981-05-23 14 ■OTORII6 with Viermes I MUST BE the world's worst passenger. This declaration is borne out of the fact that I turn into a cringing mass of jelly whenever I am not in the driver's seat of a motorcar in motion. Or to put it in another manner823 words
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Article431 1981-05-23 14 TODAY GOLF: Seletar: At 7am, 66 competitors 38 professionals and 28 amateurs in the 1981 Seletar ProClassic Golf Tournament will start the second round of the 54-hole competition. The Pro-Classic is the third leg of the six-leg Local Circuit which has been reduced by two legs. Last431 words
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Page 13 Advertisements
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Advertisement6 1981-05-23 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Advertisement74 1981-05-23 13 BUSINESS TIMES When we say business we mean just that <> IvVl ri(^... 4 ALL the good signs point to yet another Singapore-Selan-gor final this year as it is highly improbable that Johore will beat the Republic by three goals this evening even though Perak performed such a feat last74 words
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Page 13 Miscellaneous
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Miscellaneous370 1981-05-23 13 WHAT WHERE FILM SHOWS AT THE Singapore Science Centre tomorrow. A Little Bit Better and The To-day Sound of Steel. At 2.30pm in the Lecture Hall. The presentation is part of a series of filmshows on computer held every Sunday till June 7. o IN CONJUNCTION with the International Year370 words
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