The Business Times, 18 July 1981

Microfilm: NL11184
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, JULY 18, 1181 60 CENTS
    11 words
  • BRIEFLY...
    • Article
      Disease warning
      44 1 FOOT-AND-MOUTH disease has now spread to Johore, the Ministry of National Development announced yesterday. Farmers, especially pig, cattle and goat farmers, have been advised to be extra vigilant and not to allow stocks of unknown origin to be brought to their farms.
      44 words
    • Article
      Lock icon Banks raise PLR
      68 1 AFP HONGKONG, Fri. The two leading local banks, the Hongkong and Shanghai Bank and the Chartered Bank, have decided to raise their prime interest rate by one per cent to a record 18 per cent. This was decided at a meeting of the Hongkong Association of Banks
      AFP  -  68 words
    • Article
      Lock icon Mobil's offer for Conoco
      96 1 AFP NEW YORK, Fri. Mobil, the second biggest US oil company, confirmed today its interest in the takeover of Conoco with an offer worth $7.7 billion. Mobil is offering $90 a share for 51 per cent or 43.5 million Conoco shares, with the remaining shares being
      AFP  -  96 words
    • Article
      Lock icon Air talks fail
      73 1 Reuter TOKYO, Fri. Japan and Malaysia failed to reach agreement after four days of talks here on Kuala Lumpur's request to increase the number of Malaysian Airline System's (MAS) flights to Tokyo. Malaysia had renewed its request to operate daily MAS flights to Tokyo instead of the
      Reuter  -  73 words
    • Article
      Lock icon Subversive activities
      65 1 AFP KUALA LUMPUR, Fri. Malaysia's Home Affairs Minister Tan Sri Ghazali Shafie today warned that the banned Communist Party of Malaya (CPM) was stepping up its "subversive" activities in the country. He called on the people not to fall into the "trap" of the communists who wanted "to
      AFP  -  65 words
    • Article
      Lock icon Yangtze flood worsens
      66 1 UPI BEIJING, Fri. The rain swollen Yangtze, China's longest river, flooded the city of Chongqing, which has about four million inhabitants, and threatens to burst the country's biggest dam. Authorities have maintained silence on casualties, but unofficial reports indicate that the flood's 400-mile surge is picking up
      UPI  -  66 words
    • Article
      Lock icon Israeli air raid
      77 1 UPI BEIRUT, Fri. Israeli warplanes pounded Palestinian refugee camps and guerilla targets in Beirut today for the first time since 1974. Palestinian officials said one aircraft was shot down, but an Israeli spokesman said all the planes returned safely. There were no immediate details on the extent
      UPI  -  77 words
  • Article
    Productivity plan well received
    593 1  -  TRIPARTITE COUNCIL TO BE SET UP By FONG MEW LENG EMPLOYERS have welcomed the major proposals drawn up by the eight-men committee to revamp industrial relations and improve productivity. Representatives of employers' groups conveyed their approval of the plan during a meeting with the Prime Minister
    593 words
  • Article
    Market takes another knock
    246 1 THE atmosphere at the Stock Exchange of Singapore yesterday was as bleak as the weather outside. As the drizzling rain came down in Shenton Way, share prices in the trading room tu!nbled' across the board. The decline began slowly, almost unwillingly, for in the opening few
    246 words
  • Article
    Japanese style can be adopted here
    480 1  -  By BERNADETTE CHOOI MANAGERS in Singapore would be making a serious mistake in believing that the Japanese style of management cannot be adopted here. This is U/ opinion of Professor Harold Leavitt of the Graduate School of Business, Stanford University. Professor Leavitt said this
    480 words
  • Article
    Trade ties with Spain
    273 1 SPAIN'S trade relations with Singapore will be enhanced with the setting up of a commercial office and a majority state-owned bank branch here next year. The commercial office to be established by next year will help Spanish businessmen penetrate the local market by providing the necessary
    273 words
  • Article
    Premium on rig loans
    202 1 AS PART of the revised regulations for the fixedrate export finance (FREF) scheme, the Export Credit Insurance Corporation of Singapore (ECICS) has ruled that a premium be imposed on loans for oil rig financing. The premium, between 2 and 4 per cent, is on top of
    202 words
  • Article
    DBS to introduce special drawing rights NCDs
    246 1 THE Development Bank of Singapore will on Manday In traduce, far the drat time here, negotiable certificates of deposit de■amlnated in speelal drawing rights (SDRs). Internationally, hawever, the instrument was ptoaccred by the Chemical Bank International Group in London In Jane last year.
    246 words
  • Article
    CPF scheme not a threat to insurance industry
    502 1  -  By LEE YOKE MENG THE LIFE insurance industry need not feel threatened by the Government's intrusion into their territory. Although the Central Provident Fund looks set to introduce its mortgage insurance scheme by the end of the year, it is prepared to
    502 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      212 1 <)]+=]>>@{?|/~,)(|++]'?=&!}*~@] See page I rasa' CONTRARY to widespread speculation, Inchcape feerhad will retain the lucrative Toyota vehicle franchise for Singapore and Malaysia Page 12 The introduction of microelectronics into vehicle controls is revolutionising transportation. There is no shortage of applications but there are considerable cost and technical problems Page f
      212 words
    • Advertisement
      Page 1 Advertisements Column 2
      214 1 Swing With A Perfect IMA The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club '10'. These new-design woods and irons were created
      214 words
    • Advertisement
      Page 1 Advertisements Column 3
      74 1 mess FOR PEOPLE WHO MATTER A Times odea's r an ico* o r Leader ...page f V 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
      74 words
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  • OVERSEAS
    • Article
      Lock icon America may return to gold standard
      468 2 AP AMERICA'S new Gold Commission began talks on Thursday on returning the country to a gold standard, an idea dear to some conservatives but opposed and even ridiculed by many others. The commission, appointed last month by President Reagan, is not considered likely to
      AP  -  468 words
    • Article
      Lock icon ITC SESSION FAILS
      267 2 Reuter THE INTERNATIONAL Tin Council (ITC), has ended its meeting in London without coming to any agreement on buffer stock price increases. Delegates said the US, the Soviet Union and Japan combined to defeat a proposal for increases of nearly 4.5 per cent in ITC buffer stock
      Reuter  -  267 words
    • Article
      Lock icon Bills to restrict takeovers approved
      185 2 AP TWO HOUSE sf Representatives subcommittees approved bills m Thursday to restrict foreigners from baylag American campaales, aad It Coagressmea urged President Reagan to make the fame a central topic at the Ottawa eeaaamlc summit next week. The House lateriar Subcommittee h Mines endorsed a
      AP  -  185 words
    • Article
      Lock icon Eximbank raises interest rate
      576 2 AP, Reuter THE US Export-Import Bank (Eximbank) has announced that interest on loans to US businessmen to help export their products will be raised to 10.75 per cent a year for all goods except aircraft. A separate announcement on the interest rate for the aircraft industry,
      AP,; Reuter  -  576 words
    • Article
      Lock icon Saudis urged to cut oil output
      280 2 Reuter SEVERAL important Opec countries appear to have put intense pressure on Saudi Arabia to cut its huge oil output during a surprise meeting on Thursday. The oil ministers of Iraq. Kuwait, Libya, Algeria and the United Arab Emirates met Saudi Oil Minister Ahmed
      Reuter  -  280 words
    • Article
      Lock icon Labour candidate defeats Jenkins
      185 2 NYT THE LABOUR Party narrowly retained Its parliamentary seat at Warrington on Thursday in one of the most significant and closely watched by-elections in decades. But the new Social Democratic Party made a far stronger showing than expected in its first electoral contest. Douglas Hoyle, a
      NYT  -  185 words
    • Article
      Lock icon ISRAEL MAY INVADE LEBANON
      108 2 Reuter A big Israeli air raid and artillery barrage on South Lebanon on Thursday prompted speculation in Beirut that Israel could be planning to invade Lebanon as it did three years ago. Beirut sources said 28 people were killed and many wounded as the Israelis stepped
      Reuter  -  108 words
    • Article
      Lock icon China to set up feasibility studies unit
      322 2 Reuter CHINA will shortly set up a new organisation which will provide feasibility studies on joint ventures with foreign companies wanting to invest in China. Mr Lei Renmin, a vicechairman of the China International Trust and Investment Corporation (Citic), told a press conference
      Reuter  -  322 words
    • WORLD IN BRIEF
      • Article
        Lock icon AUTOMATIC TAX CUTS
        427 2 Agencies THE Senate has voted to cut taxes of Americans automatically to offset inflation, which would be a radical change in the federal income tax system. The "indexing" plan, supported by Republicans controlling the Senate over the objections of President Reagan, is designed to prevent higher taxes
        Agencies  -  427 words
    • Article, Illustration
      SHIPS IN PORT
      586 2 EXPECTED ARRIVALS YESTERDAY KEPPEL WHARVES Barber Taif (ro/ro) (0600 after Willine Toyo A Joo Wah unberths, must starboard a/side) 46/47 Builder U (0700) 22 Bum Chin (Tanker) (after Kim Ann shifts, subject gas free, P/O) 13/14 Chang Hua (2359 after Telamon berths) 31/32 Euney (0700 after Barber
      586 words
    • Article
      Lock icon Dollar moves up against yen despite heavy selling
      298 3 Reuter THE US dollar yesterday defied Japanese' government attempts to force it lower against the yen and held its ground in heavy foreign exchange trading. Shrugging off a concerted effort by the Japanese central bank, which sold an estimated US$lOO million to
      Reuter  -  298 words
    • Article
      Lock icon Accord on Kampuchea expected at UN
      329 3 UPI THE UNITED Nations conference on Kampuchea is expected to end with the unanimous adoption of a formal declaration calling for the withdrawal of all foreign troops and UN-supervised elections in Kampuchea. The key delegations reached agreement on the critical points of the declaration
      UPI  -  329 words
    • Article
      Lock icon GM ASKS ISUZU FOR HELP
      165 3 UPI GENERAL Motors has asked Isuzu Motors for cooperation in helping Vauxhall of Britain overcome financial difficulties. Vauxhall, known for its "Bedford" trucks and high quality passenger cars, has been a leading maker of trucks for GM. However, the company suffered a £150 million deficit
      UPI  -  165 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      689 3 ARRIVALS Service Local Operator Number Time From MAS MH680 0645 KCH SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 0630 KUL MAS MH671 1000 PEN/KUL SIA SQ201 1000 HLP CAL CI814 1005 HLP CPA CX710 1005 HLP GIA GA850 1030 HLP SIA SQ103 1045 KUL
      689 words
    • Article
      Lock icon Cuepacs to be treated as equal of MTUC
      176 3 Reuter THE MALAYSIAN government said yesterday that It no laager mipbet Ike Malaysian Trades Union Congress (MTUC) as Ike sole representative nf labour In tke country, a position it kas keld for tke last M years. Lakonr and Manpower Minister Datnk Rieka*i
      Reuter  -  176 words
    • Article
      Lock icon Joint action plan on rates unlikely
      591 3 Reuter THE SEVEN-nation summit meeting in Ottawa next week is unlikely to produce a joint plan of action on interest rates in view of sharp policy differences. However, conference officials hope a consensus on guidelines can be reached by government leaders from the US,
      Reuter  -  591 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      356 2 CDP6HHAG6H AMSTERDAM t SjA UW/kSSHAVm PftßlS /JL^ wczmsJj^^-Q Nice/ PfSA^ RDMg 1 «C V Pi£>RJSNCP\ f AW CAF*\ GREATEST j UR wmmaMmmtii m*As 7 Yes, never before was them a tour that framied aa far north aa Copenhagen, aa far aaat aa Athena aa far south as Sorrento, Pompei, Capri
      356 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      38 3 OUR SPECIALTY Interior Design Furniture Paneling Painting Lamps Drapes Remodeling old Houses Phyllis Harvey ASID, PHD DAVE HARVEY, IMS. PHYLLIS HARVEY SPACE PLANNERS, INC. 0250 (686) Quirino Avenue, Tambo Paranaque, Metro Manila Philippines TELS. 828-3871 828-3866 *832-2101 *832-2112
      38 words
    • Advertisement
      Page 3 Advertisements Column 2
      91 3 SERANGOON ROAD Near New World Amusement Park On 25 July, Chung Khiaw Bank will open a new branch at 412-418 Serangoon Road (near New World Amusement Park), bringing you our comprehensive range of fully computerised banking services, including our 24-hour UniTeller banking, sale of gold and 1,586 safe deposit boxes.
      91 words
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  • RAW MATERIALS
    • Article
      Lock icon Irrigation can help raise output in Asia
      346 4 Reuter LARGE increases in agricultural production are possible in eight Asian countries through extension of irrigated areas and better management of water resorces. The US Agriculture Department said that large and continuous investment in irrigation will be required in India, Pakistan, Indonesia, Thailand,
      Reuter  -  346 words
    • Article
      Lock icon Heavy rain hits Soviet early grain harvest
      289 4 Reuter HEAVY rainfall has struck the Soviet grain harvest, increasing areas of flattened and tangled grain ripened earlier than usual by a heatwave in European regions of the country. The government daily, Izvestia, cited rainfall in several paCrts of the North Caucasus, an
      Reuter  -  289 words
    • Article
      Lock icon SHANDONG'S HARVEST
      139 4 Reuter THE summer grain harvest in the major grain-produc-ing province of Shandong was nearly eight million tonnes, 250,000 tonnes more than last year despite low rainfall and a fall in the area under grain. The province grew 3.5 million hectares (8.6 million acres) of summer grain, mainly wheat,
      Reuter  -  139 words
    • Article
      Lock icon Malaysia's palm oil output
      146 4 Reuter MALAYSIA'S crude palm oil output rose to 228,000 tonnes in June from an upward revised 202,343 in May, the Palm Oil Registration and Licensing Authority (Porla) said in its preliminary production estimate for the month. Porla's estimate is about 4 per cent higher than the
      Reuter  -  146 words
    • Article
      Lock icon Constraints to grain imports
      496 4 Reuter AMERICA'S Deputy Agriculture Secretary Richard Lyng said port facilities and transportation capacity, the lack of a developed feed and livestock industry and the lack of a corn processing industry in China are the three major constraints to expanded Chinese grain imports. Mr Lyng, who visited
      Reuter  -  496 words
    • Article
      Erratic week for rubber in active trade
      306 4 ERRATIC, but overall easier, conditions predominated in a week of active trading with nearby rubber down about nine cents on balance, says Holiday, Cutler, Bath and Company A jump of 2 pence in London at the start on chartist buying, despite steadiness of
      306 words
    • Article
      WHEAT
      186 4 WHEAT futures in Chicago on Thursday closed up IV* cents per bushel in spot to unchanged in the deferreds in light trade. After opening higher on overnight export business and slowed country movement, prices eased on lack of follow-through buying. Although producers appear to be firm holders of newly
      186 words
    • Article
      SOYBEAN
      163 4 SOYBEAN futures in Chicago on Thursday closed up 14 *4 cents per bushel in July to 3'/« in new crop on quiet trade. Tight farmer holding of stocks and low commercial supplies both in the Midwest and at the Gulf kept old crop comparatively firm versus new crop, traders
      163 words
    • Article
      Straits Tin
      97 4 THE STRAITS tin price in Penang yesterday firmed M 51.15 to $31.11 a Idlo, dealers said. The rise took prices back into the ITA middle range of $3MI to $31.74 after moving within the lower range since Apr 25. Strong buying emerged in enrope and the US in
      97 words
    • Article
      CLOSING PRICES
      32 4 Rubber July 17 Singapore: Aug: 218.50 cents (down 1.00 cent) Malaysia: Aug: 240.00 cents (unchanged) Tin: M 531.01 per kilo (up 115 cents) Official offering: 230 tonnes (up 45 tonnes)
      32 words
    • Article
      Lock icon Australia expects to sell wheat to China
      148 4 AFP AUSTRALIAN Wheat Board chairman, Sir Leslie Price, is confident Australia will still sell wheat to China later this year. In 1980, China took 2.3 million tonnes of wheat from Australia under the current agreement which expires on Nov 30, 1981, making it
      AFP  -  148 words
    • Article
      RUBBER
      266 4 RUBBER prices in Singapore yesterday closed slightly easier with August One RSS buyers quoted at 218.50 cents per kilo, down one cent from Thursday's close, dealers said. Morning prices were marked up slightly on steadier London advices, upcountry buying and covering interest, they said. Afternoon prices were slightly easier
      266 words
    • Article
      RAS PRICES
      350 4 RAS prices In cent* per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt fob 211.00 212.00N Int. 1 R.S.S August 222.00 22 00 Int 1 R.S.S. September 220.50 230.50 Int. 2 R.S.S. 205.50 206 SON UK Coot 204 50 206 50N Int. 3 R.S.S. 200
      350 words
    • Article
      SSR and SMR
      115 4 NOON SSI f and SMR pncm yeet -«Ur KA8 SSR 20 SSR 50 11-too pallet) (1 too pallet Aagwt (Can eat Mtk) Bayer* Sailer* 200.00 202.00N 197 AO 199 50 N September (Forward Mtk) Beyen Bella re ***** *****N ***** 201 AON MRELB SMRCV SMR L SMR
      115 words
    • Article
      Lock icon Tin producers reduce output
      279 4 AFP TIN broke through the £7,000-a-ton "barrier" in London on Wednesday for the first time since October. The news coincided with reports that several producing countries had reduced their output of tin-in-concen-trates because of the low real prices quoted. Although no figures were mentioned, it is
      AFP  -  279 words
    • Article
      Lock icon EEC supports new cocoa agreement
      296 4 Reuter THE European Economic Community agreed to give its conditional support to a new international agreement on cocoa that should mean higher prices for cocoa exporters. EEC foreign ministers on this week reached a unified position at a meeting in Brussels after West Germany overcame
      Reuter  -  296 words
    • Article
      Produce exchange
      175 4 CHINESE PrHiee Exckaage, Stagapare, claslag prices per lMkg yesterday. CMMWt all: Bulk fob $122.50 sellers, old drum (In second hand drum) fob $136.50 sellers, new drum fob $141.50 sellers. Cap»: Mixed (loose) $72.75 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00 sellers, Sarawak white pepper faq fob
      175 words
    • Article
      TEXTILES
      140 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 20s 2,380; 32s 2.890. 40s 3,040 (per bale of 400 lbs). Paktotaa raw eattaa: LSS 5 96 4F 5.90; 289F 6.00; NT roller ginned 5.98 (per lb). CLOTH in
      140 words
    • Article
      RICE
      315 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.38, 100 per cent second class 1.16, 100 per cent third class 1.10, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      315 words
    • Article
      LONDON MARKETS
      586 4 COFFEE: Robusta futures yesterday opened steadier in line with gains in New York overnight and moved further ahead on light mixed buying and short-covering. Values ended the morning mostly £15 to £22 higher with distant July £30 up. Turnover was 2,325 lots. OILSEEDS: Small edible oil transactions reported
      586 words
    • Article
      PALM OIL
      170 4 THE Kuala Lumpur market yesterday closed lower on continued abundance of oil despite India's purchase of between 20,000 to 30,000 tonnes of RBD palm oil and olein in fairly moderate trading, dealers said. In July, the south and north regions dropped MSIS each to $975 and 1995 a
      170 words
    • Article
      Lock icon Japanese rice stocks expected to fall
      150 4 Reuter JAPAN'S rice stocks at the close of the 1981 rice year, ending November, are expected to fall to 4.4 million tonnes from 6.5 million at the end of last year. Agriculture Ministry sources said the figure was announced at the current Rice Price
      Reuter  -  150 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      178 4 Guide to MUSICAL Appreciation srch§M l *M( of HI > S •> ORCHESTRA Andre Previn sets out in this book to reveal the players on the platform, those anonymous men and women whose dedication and talent alone make the performance of great orchestra music possible. Retail Price $55.65 THE MUSIC
      178 words
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  • TRADE AND INDUSTRY
    • Article
      Cheaper solar energy installations by 1985
      465 5  -  By RICHARD SEAH SOLAR energy installations may be economical by 1985 as the price of solar cells continue to fall. This was predicted by Mr J W Mairhofer, managing director of an energy consultancy company, Energy Conservation Assistance Pte Ltd. Mr Mairhofer, an Austrian,
      465 words
    • Article
      Course on West and East Asian relations
      188 5 THE Singapore Institute of Management will hold a two-and-a-half day confer-; ence on Arabian-East Asian economic relations in October. The conference will focus primarily on the rapid changes taking place in Saudi Arabia, especially in the spheres of politics, economics and finances, which
      188 words
    • Article
      Tunisia's agent here
      92 5 THE GOVERNMENT of Tunisia has appointed Eurasaf Pte Ltd as its trade representative in Singapore. The office will represent all foreign trade organisations of Tunisia in the South-east Asian region as well as Brunei, Hongkong, Taiwan, Burma and Sri Lanka. Mr Folke von Knobloch, managing director of
      92 words
    • Article, Illustration
      Role of private sector in sports sponsoring
      407 5 THE Government has spent $13.2 million in providing squash courts, tennis courts and swimming complexes in the last five years under the master plan for sports facilities. In addition, the Housing and Development Board and the Jurong Town Corporation have spent $16.8 million
      407 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      317 5 SINGAPORE Reinsurance Corporation has promoted Mr PIM» Kim Ttag to assistant general manager. Mr Phua joined Singapore Reinsurance in early 1976 and was appointed assistant manager in 1978. He was chief manager prior to his appointment to the present post. TRANS-Continental Leaf Tobacco Corporation has appointed Mr
      317 words
    • Article
      Sawn timber exports fall
      597 5 LOSS OF EUROPEAN MARKETS TIMBER exporters have lost large chunks of their important markets for sawn timber in Europe. Latest statistics from the Timber Industry Board show that sawn timber exports to some European countries fell by as much as 92.7 per cent during the first
      597 words
    • Article
      Deadline for speed warning devices
      253 5 LIGHT goods vehicles registered on or after Aug 1 will have to be fitted with speed •.yarning devices approved by the Registrar of Vehicles (ROV). This new ROV ruling will apply only to vehicles with unladen weight not exceeding 1,500 kilograms. Owners of existing light
      253 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      284 5 Leader page I Deciding who's driving has never been so difficult 7 I J V s V r UL w i," V >• >> W" w?f 5' <:, A <J +.4K& v. "2 tl *> '<*~* f > 4 v- > jri* J m, 4N FORD GRANADA 2.8 GHIA This
      284 words
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  • Article
    Time not ripe for SDRs
    358 6 THE DECISION by Development Bank of Singapore to issue fixed-rate negotiable certificates of deposit denominated in Special Drawing Rights (SDRs) is a bold move. It must be applauded and welcomed for the simple reason that it is yet another customer service offered by DBS. The
    358 words
  • Article
    Timber exporters must try harder
    269 6 THE TIMBER industry is faced with a bundle of woes. First, like any other industry, it is faced with continually rising labour and production costs. Then to compound the problems, the market for timber has been performing poorly for some time. In addition, as if
    269 words
  • Article, Illustration
    Lock icon Computer controlled cars
    1663 6  -  STEEP HURDLES TO BE OVERCOME The introduction of microelectronics into vehicle controls is revolutionising transportation. We have moved from electronic ignition systems to sophisticated computer controlled engine management systems. There is no shortage of applications although there are considerable cost and technical problems. JASON CRISP reports. JASON
    FT  -  1,663 words
  • Article
    Lock icon Volkswagen undaunted
    742 6  -  By LYDIA CHAVEZ NYT THE RHYTHM of the assembly line is hypnotic. Young men and women fasten on accessories in measured steps while the freshly painted frames of Rabbits bob down the line to a meeting with their West German-made engines. But the orderliness of the three-year-old plant
    NYT  -  742 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      637 6 -11-OHE CROSSWORD CRYPTIC PUZZLE ACBO6B I Pares with something sharp (5) 6 Coins in decent supply (5) 9 Paul with clothes on (7) 10 But not so wide as an "A" road? (5) II Take some gorillas to the vet and bolt (5) 12 I'm in the shallow part of
      637 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      49 6 BriStdW": Frank Dicsensl F\rtOtV»££ rOONDRy RNOMG.R. W££X Of BOV*Mt*G P>MD SCRRP»HG> U)€£X Of >fes SR, r*o SIR,TH(^£.BAGS RJU_ St£ PirtOTUeß U)G£X of osoDGeey... MOLV Pi P»NK V^rs) pAR<eD cxrrsice// SiiWMJ «J C OCGS«DjB|* ■>! eeatc r% stiix, foolish wgart CPN »T GcgGecus miss ffeThf OP ICLfcfcHW^HOlfe «S VISITiHG uS^ 3
      49 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      541 6 Reagan in a Hemingway TODAY** outtaee, I%e KIU- McUhn, Jtki CaNtwtes to u»vt mL Gmrmt iton an en (eh 6, LI I), to a matter- aai Cta Gmlager. Brfcw Kl ly portrayal af aa Eraeat l*lf week'f WUe CattraU. y to* fP**pUi iM <z to SINGAPORE 5 12.50 PM Opening
      541 words
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  • Article, Illustration
    Mark of excellence for the traveller
    893 7  -  The Hilton hotel chain has come a long way since its inception in 1919 in Cisco, Texas. From July, Hilton's international division will assume the name of Vista International with the christening of a new hotel in New York. The 825-room, 23-storey Vista International
    893 words
  • Article, Illustration
    A tale of two Hiltons
    845 7 FROM his first hotel in 1919 in Cisco, Texas, to his spread of more than 200 hotels throughout the US, the late Conrad Hilton never stopped buying until he died. He started in this oil town and went on to buy several properties.' After the
    845 words
  • Article, Illustration
    Windows on the World
    412 7 UNDER the Trans World Corporation (TWC) ambreila is the Hlltea international Company, aid under them eemes Inhiico. Inhllro is the pareat of the mast famous restaurant la the worid aad by far one of the meat spectacular Windows m the IFerM. Located la the Worid Trade
    412 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      301 7 ON ECONOMICS CURRENT AFFAIRS fe "S C h"nq-Y;« $4.90 ALSO AVAILABLE ECONOMIC DEVELOPMENT IN SOUTHEAST ASIA ECONOMIC DEVELOPMENT IN SINGAPORE Distributed by rSTI FEDERAL PUBLICATIONS |7Jf>l 1 New Industrial Road, Singapore 1953 A member of The Times Organisation LIM CHONG-YAH This is the English edition of Lim Chong-Yah's weekly articles
      301 words
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  • INTERNATIONAL STOCKS MARKETS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        146 8 JULY M ru ARM 01JO 14 Ahald 0J0 unch Akao MM -01 AU1V IUI 41 AmfM n jo -0.8 Amrotxik OJO ftl BST* ooo -o 10 Bote 090 OJ Borsuauj 11X00 ui 11 M Kh u CaJaad 10.10 -4 LO Cklv* Dam Ml Ml] IOOJO -1 HJD 0.1 +0J
        146 words
      • Article
        Paris
        212 8 CORBK1L I.R Air-UquMM 4J3 -i B 8 N 0«omM no >8 C0r (ThonuonCW 1M •1J0 ♦11 -1.1 OoBiptnW ruuncterv OaoMte—— Credit Foodar m MB 0J HKMU lUMA)no a ♦B1 MlctMlln (B) m M -14 anch PwhlMT CI0M Kghlwnn •7.10 131 -0.1 -U o«m S3 0J PrtnunuM 8 a RboM-Pootonc*
        212 words
      • Article
        Frankfurt
        84 8 JULY M a Aac-Tatefunkan m Ul -U f=g"Pf 14* ur lttJt or MJM 1 SSB 27 Jl icb left U Mil lS 0« 1 TUB -T KM M -I IUD Mm rjjj Ul -1 «7JCB MUOB -J :A, Jzt MJO ■IJOD 41M -1 M -1 TIM Mi ul •jM
        84 words
      • Article
        Brussels
        75 8 FORWARD MA1UT ACM n» HOB -4 _j| Aim AjKiir ■ru-Luob 1MB 1U» •M uncb ST IMS 1*1 -A D» iMri MA UM J UDCfi xm IMA -m -m Orr Hot»t UM mo ♦a m PiUo am RgJWel. HIS -a nwl Soc 0« Bad HI Ml* -u Bohty A M
        75 words
      • Article
        Zurich
        133 8 JULY M rrmoca Acuta* null!II Ml -1 AhwitM Br. wn Br M IMS UDCH CM* (Mp Sr. am Clb» OMO r C no *w Cita (Mn Km CMK Hafc m tm M -M CMH Mn h| S3 •1 Mttonn k. Oaorft nm Br OMMH Pt MM sx met IS
        133 words
      • Article
        Milan
        85 8 JULY M Ur» Ante n» *m awtofi nut -u OntiDl «1« «M rw in» -a nmww »1» -u» Qmn iMton ISO SO in pn Mi minwiu vrm m tm A IMM* no -4 hwmhr m -a UwtUI BR MM» I1MN -MOO Xlr«l«»Ma MM *tm Mimrtanrl TOO *m Hwiif m
        85 words
    • Article
      TORONTO
      165 8 JULY M If ft M -ft 43 ft a* -ft Bank Www aeou» B*U T»4 B*U> Corp BP r- Ul Uft -ft Sft ft Brucu Cuip Had LMkm M« «-ft Wft ft r^iUB a uncb Uft r, .I* IHM^ an -ft IT* *ft 1ft and) 1U +ft Dcnlaon 44*
      165 words
    • Article
      JOHANNESBURG
      212 8 JULY M tend INDUSTRIALS A Alpha < m unci) Abtttoa AS And CI 1 Ht uncb »wir 1 rm no Bartowa I m +u 1KB uncb ($A CUM Flnanca tU uneh Da Baars Ind Bdcon i Mawi TMO uncb IWNtl M Vou MB ♦> f*stt mm Oardlan If I
      212 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      607 8 |\!-,}`<"}\?-.)]^:*/='%);[%~:;& "The American Express Card serves i§ij you well, wherever good food is served". H m H M f's*" JAPANESE RESTAURANT For sushi. For teppanvaki. For other authentically Japanese delights. ,i L' ip in p h> >r rcscrt'iith >n.s 7.S* «-imn\ lirk S|i< r:u« hi• Si i iiii i| m
      607 words
    • Advertisement
      Page 8 Advertisements Column 2
      253 8 Kfeasgood as going to Bangkok. f* \<r <• This it Thai Seafood at its authentic beet So freah, it could have been aiive 15 minutes before coming to your table It war An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Ox
      253 words
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  • BANKING AND FINANCE
    • Article
      ABS secretariat
      366 9 THE Association of Banks in Singapore (ABS) is gearing to play a more active role in the industry with the imminent set-up of a permanent secretariat. A formal structure for the proposed secretariat is under study and is likely to run along three broad functional divisions. These are
      366 words
    • Article
      Loan queue in Manila market
      381 9 THE PHILIPPINES Central Bank has created something of a loan queue by allowing a mandate overlap between a US$lOO million loan coordinated by Lloyds Bank and a similiar sized Wells Fargo credit, thus holding up a further $100 million loan now in the market. The
      381 words
    • Article
      More seeking Samurai bonds
      208 9 EIGHTEEN Samurai bonds, yen bonds issued by nonresidents on the Japanese capital market, worth 277.50 billion yen were floated between January and June, up from 14 bonds worth 261 billion in the whole of 1900. Finance Ministry officials ascribed the increase to the relatively low level
      208 words
    • Article
      Lock icon EASIER RULES URGED
      121 9 Reuter THE JAPANESE Underwriters AiriiMw will Mk the Fbuuwe Ministry to relax Its eeatrels gevenriag smaller iastttotlaaal lavestor holdings of Samurai beads, yea beads issued by aea residents ea the Japaaeae capital market. Begalattoaa preclade sage (mstaal flsssce sad savings) beaks (rem beidlag Samurai beads as reserves,
      Reuter  -  121 words
    • Article
      THREE REASONS FOR REGIONAL CHANGES
      185 9 CONTINENTAL Baak ku rr «rgiriifi the adminl»tretlM of Its Saatk-east JUu ud Aastrattaa/New Zealaad kaaklag activities. Tke b>ik, I wkallyewaed saksMlary of ike CMtbeatal 1111—1« Carp»: ration of Ckicago, lewtl) I—l I reglaaal eCßee la Sfegapore u4er Mr K W Jtkaata, wke will ke eeaearreatty
      185 words
    • Article
      Mexican mission to visit Singapore
      160 9 THE MEXICAN Under Secretary of Finance, Licendiado Jesus Silva Herzog, will be leading a financial mission to Singapore tomorrow. In Singapore for three days, the seven-member mission will meet the deputy managing director of the Monetary Authority of Singapore, Lim Ho Kee, on Monday. In
      160 words
    • Article
      Prices close higher
      968 9 NEW YORK STOCK MARKET NEW YORK stocks on Thursday closed narrowly higher in quiet trading and one analyst said the main factors affecting the market were "languor and indifference". Micheal Metz of Oppenheimer and Co said investors are holding back until they get a clear signal that
      968 words
    • Article
      Korean bank's US$20m FRCD
      410 9  -  By KEVIN WONG COMMERCIAL Bank of Korea will be issuing a US$2O million floating rate certificate of deposit in Singapore the first by a commercial South Korean bank here. The bank, traditionally the leader among the five major commercial banks in Korea, has appointed First Chicago
      410 words
    • Article
      Lock icon MANAGERS OF GIANT CREDIT
      538 9 NYT WHEN IT comes to raising really big money, America's largest corporations have been coming borne to their traditional bankers, Chase Manhattan and Citibank. Over the last few weeks, these two banks have arranged to raise almost USH9 billion (or a handful of companies seeking to
      NYT  -  538 words
    • Article
      CAPITAL INCREASE
      169 9 EUROPEAN Asian Bank (EuraBbank) has raised its published capital and reserves to 299.6 million Deustcbemarks from 205.1 million previously. At a general meeting early this month, the bank's shareholders resolved to increase the paid-up capital by 4.2 million marks at an issue price of 225 per cent, raising
      169 words
    • Article
      US banks accept deal on Polish debt
      199 9 OFFICIALS from about 60 US banks on Thursday agreed on a compromise plan for dealing with Poland's debt payments that would combine their position with that of European banks. The compromise would combine American bankers' desire for a repayment freeze with the European
      199 words
    • MONEY AND EXCHANGE$
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.9 per cent.
        22 words
      • Article
        ASIAN $
        184 9 ASIAN ASIAN currency deposit interbank rates as at close on July 17. US OoiUr*<8aot) Offer Bid 7 days 18M 18* 1 month 10V. 19M 2 months 1811/*****/16 3 months 18* 18* s months 18* 18* months 17H 17* ■2 months 17* 17 SwJrt. Da*. /uuju n.;...i 1 month 3 months
        184 words
      • Article
        Discount
        42 9 RANGE oI prices offered by discount houses on July 17: Overnight: Call deposits: 5% to Cloaimc Bayisf 3-month Treasury bills #W 8H 3-month Bank bills 13H 13W 3 months CD 12 7 12H 6 months CD 1211/*****/16 Source: National Discount Co
        42 words
      • Article
        HONGKONG
        99 9 THE US dollar yesterday finned slightly against most leading currencies in quiet late exchanges, with the relatively firm US interest rates remaining the major market factor, dealers said. The dollar firmed to a late 2.4290/4300 marks from the day's low of 2.4215/25, compared to its early 2.4220/30 and to
        99 words
      • Article
        London
        69 9 THE dollar yesterday opened slightly below firmer Far East levels in a quiet pre-weekend market in which no new factors were apparent, dealers said. Opening quotes yesterday: US -1.8666/75 Can 2.2575/45 Cross -1.2059 62 DMk-4.5325/75 D F1 5.0450/500 S Fr 3.8975/9025 B Fr (con) 74.26/33 F Fr -10.7475/625 Ut
        69 words
      • Article
        Treasury bill tender
        51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from July 20 to July 24: Offered: $120,000,000 Applied for: $162,600,000. Allotted: $120,000,000. Accepted bids: $96.35 approximately 74 per cent and higher bids in full. Average rale af dteewut •a alletmeat: 6.606 per cent per
        51 words
      • Article
        Singapore market
        461 9 THE US dollar eased off slightly from its high opening levels against major currencies on the foreign exchange market yesterday. Against the Singapore unit, the US dollar started the day at 2.1560/80 and picked up all the way to the day's high of 2.1590/00 at noon. But it
        461 words
      • Article
        GOLD
        228 9 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels after fluctuating marginally throughout in quiet trading, dealers said. Total sales for the day was recorded at 23 lots while kerb volume at 49 lots. Prompt closed higher at US$4l6/418 an ounce against 413.50/415.50 on Thursday, August at
        228 words
      • Article
        Silver quotes
        35 9 New York 8.85B 8.70B 9.0SS 8.90S Zurich 8.90B 8.70B 9.1QS 8.90S FH Ttan Singapore 8.80B 8 65B 9.00S 8 85S Closing prices in US dollars a troy ounc e. Source: Credit Suisse, S'pore.
        35 words
      • Article
        TOKYO
        195 9 THE dollar for overnight delivery yesterday closed easier at 231.90 yen, compared with a 232.30 opening, a 232.35/45 close in New York and 232.30/40 on the West Coast on Thursday, dealers said. However, it was firmer than the 230.65 close here on Thursday. Trading was active, with volume US$l.29
        195 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      56 9 TH6 ANNOUNCEMENT appears as a matter of record ONLY READING AND BATES INTERNATIONAL, LTD. U5534,000,000 TERM LOAN CONSTRUCTION OF TWO OFFSHORE DRILLING RIGS AT FAR EAST LEVINGSTON SHIPBUILDING LIMITED WITH FUNDING AND PAYMENT GUARANTEES OF EXPORT CREDIT INSURANCE CORPORATION OF SINGAPORE LIMITED AGENT AND PROVIDER OF FUNDS THE CHASE MANHATTAN
      56 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1872 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 (1168)
    1,872 words
  • Article
    Unit trusts
    189 10 SINGAPORE UNIT TRUST atoes tar Jai »> DIAMOND MOT STORE (Managers' price* tar Jml U The CuPlfDCTCf 3 83 410 Diamond S'pore Fd USJ01.02 2.30 The Saving* Fund S pore Prof Fund 21J 2 30 1.70 1.78 SC2.10 S pore Sec. Fund 2.56 2.88 INCOME BOND UNIT S'pore
    189 words
  • Article
    SHARE INFORMATION SERVICE
    2708 10 1981 High Low Company Last Sale +orGr*s Gr*s Net Div Div Y'ld P/E Vol Day C» t COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 494 320 Ac ma Alcom 350 130 Allied Choc 312 181 BAT 420 330 Bata 200 110 Ben 410 380 Berjaya Kawat
    2,708 words
  • Article
    In Kuala Lumpur
    1756 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units, unless other- wise specified. I 1 INIXBTBIALS I I AIM (3.728 J.MS) (1) 3 82
    1,756 words
  • Article
    Wing On
    44 10 WING On of Hongkong has agreed to buy 53 per cent ot the share capital of Hotel Fortuna from the hotel's controlling shareholders at HKJ22.50 per share in cash. An equivalent offer will be extended to all other shareholders of Hotel Fortuna.
    44 words
  • Article
    Index falls ten points
    817 10 RAIN dark dMrii dreve Ml aaly the m any yesterday bat the market balk M well, as prices came i«*a almaat acreas the hud Except far the apeaiag few mlaatea, whea a few eaaatera maved ap «tightly, the reat st the day was a straight, steep
    817 words
  • Article
    KL slightly easier
    617 10 PRICES closed slightly easier at the Kuala Lumpur stock market yesterday. The weaker market follows the previous day's marginally better close but the absence of any strong finish on Thursday apparently failed to encourage investors. At the close, the New Straits Times industrial ordinary share index lost
    617 words
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  • COMPANY NEWS
    • Article
      Malaysian Mosaics stake
      387 11 ARAB Bumiputra Holdings Sendirian Berhad, a company formed by the Arab Malaysian Development Bank and Tab Holdings, has been identified as the buyer of a controlling block of shares in Malaysian Mosaics Berhad. Following an earlier announcement of negotiations to sell a major stake. Malaysian Mosaics has
      387 words
    • Article
      Pan El bonus
      159 11  -  A shareholder Dear Sr, Pan Electric Industries Ltd has declared a bonus issue of one share for every four held which has been approved. The ex-date for the bonus is July 27, according to information published in Business Times. However, Pan Electric shares have been suspended from
      159 words
    • Article
      COMPANY BRIEFS
      120 11 DIRECTORS of Rahman Hydraalic Tin have declared a second interim dividend of 15 per cent less income tax at 40 per cent for the year ending Sep 30, 1961 based on the enlarged capital of $22.5 million after the bonus issue. The second interim dividend (equivalent to 30
      120 words
    • Article
      Cement plants hit by oversupply
      391 11 CONTRACTORS in Johore and Malacca are importing more cement from Singapore following the removal of the import surtax on cement in March. Sources said this has worsened the glut of cement now facing Malaysian cement manufacturers and they are now looking for markets abroad few
      391 words
    • Article
      Tanjong Tin revamp
      413 11 TANJONG Tin Dredging, the UK-incorporated tin mining company, is about to restructure its equity to enable greater participation by Malaysians. The company management is discussing the issue with Malaysian authorities. Chairman PKH Kuok said greater Malaysian participation is part of the undertaking given by Hen Ik Enterprises
      413 words
    • Article
      KEPPEL
      35 11 REGARDING an article by Business Times about Keppel Shipyard entering into the money broking business, the Stock Exchange of Singapore has asked Keppel to furnish the exchange with an announcement immediately for public release.
      35 words
    • Article
      A word of caution
      377 11 V 1 Market Talk... bi BRITISH stockbrokers James Capel advised in this month's issue of its monthly publication. International Equity Earnings Estimates, that the Singapore/Malaysia market is "very fully priced and vulnerable" and cautioned investors to "restrict investment to companies of undoubted quality". It noted that
      377 words
    • Article, Illustration
      Marginal increase in Hotel Royal profit
      682 11  -  By CHRIS LIM CONSOLIDATED pre-tax profit of the Hotel Royal group increased only 0.8 per cent to $1.46 million in the last financial year ended Dec 31 from $1.44 million in 1979. The growth in profit looks even less satisfactory when compared with that
      682 words
    • Article
      COMPANY MEETINGS
      267 11 VENEER Prodaeta Limited: AGM to be held at 2506A International Plaza, Anson Road, Singapore 0207 on July 18 at 11 am. METAL Bex Singapore Limited: AGM to be held at Shangri-La Hotel, Yellow Orchid Room, Mezzanine Floor, 22 Orange Grove Road, Singapore 1025 on July 20 at noon.
      267 words
  • ASIAN STOCKS
    • Article
      Stocks at all time high
      256 11 HONGKONG STOCKS yesterday closed at an all time high over the 1800 mark on the Hang Seng index after a day of very active trading, dealers said. The index closed up 28.58 points at 1,810.20, despite widespread profit-taking in the afternoon, after reaching 1,806.20 at
      256 words
    • Article
      Sydney
      338 11 THE market yesterday produced its best performance of the week as the relisting of Petroleum Securities of Australia focussed attention on the oil sector, dealers said. WMC, which has started an exploration programme on neighbouring Canning Basin leases, firmed three cents to $4.98. The oil index rose 18.1 points
      338 words
    • Article
      Tokyo
      334 11 SHARE prices yesterday closed mixed in (airly active trading with big capitals rising sharply in response to the gradual return of foreign investors and high technology issues declining on profit-taking, dealers said. The market average shed 10.49 to 7,876.89 on a turnover of 500 million shares, but the Tokyo
      334 words
    • Article
      Manila
      77 11 JULY n PlIM A CO)# limine MM unci) AUu Con A Atlai Con K ♦M Bafuto OoM Bmfiwt Con B BF Ooodrtrh M 10 unch rnr» larvftfrtl IK unch Lepanto B in unch MArtnduqtM B 7 JO unch Ortental A Hrtenui R OB -0411 unch Phil Owmi SB3 Phil#*
      77 words
    • Article
      Selected indices
      57 11 FINANCIAL TIMES INDUSTRIALS Thursday 529.3 Wednesday 533 7 Week Ago 519.0 DOW JONES AVERAGE INDUSTRIALS Thursday 955 4« Wednesday 954.15 Week A(D 959 00 H.K.HANG SENG Friday 1810.20 Thursday *****2 Week Ago 1777.17 AUSTRALIAN INDUSTRIALS Friday 727.9 Thursday 729.0 Week Ago 730 0 ALL ORDINARIES Friday 668 2
      57 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      137 11 Your executives can drive better cars and cost you even less. Here's where we come in. We have a fleet of Ford Granada Ghias for short or term rental. Rent one or rent a dozen. With no capital outlay. And because we are Ford distributors, every car in our fleet
      137 words
    • Advertisement
      Page 11 Advertisements Column 2
      276 11 MALAYAN UNITED INDUSTRIES BERHAD (Incorporated In Malaysia) INTERIM RESULTS FOR THE HALF YEAR ENDED 30TH JUNE 1f«1 The Director* of MALAYAN UNITED INDUSTRIES BERHAD are pleaaed to announce the audited reeults for the helf yeer ended 30th June 1981. f Year Ended 30.6.1«1 HeH Year Ended 30.5.1M0 Com peny Qroup
      276 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      143 12 Rises Indices Straits Trading Semb Shipyard UQO 20 July 16 July 17 710 10 BT Indicator: *****7 *****3 C Proptrtin 660 10 Industrials: 912.80 902.61 Aabtuidor J C MPH U E 830 382 370 10 +10 10 Finance: Hotels: 2038.42 1306.91 2006.94 1283.35 Textile Corp 470 0 Properties: 988.49
      143 words
    • Article, Illustration
      KUALA LUMPUR
      153 12 SHARE price* were considerably weakened »1 tie Stock Exchaage af Slagapsre yesterday m sellers dsmlaated the "•The Straits Times Industrial Index west dews lt.ll pstats ts M2.SI wWk the Bastaeas Times ladlcatsr sf the day's If msst active stacks fell 7114 pstats ts *****. Rises Indices Renong 1270
      153 words
  • Article
    LONDON STOCKS
    739 12 LONDON, Fri. Share prices closed lower today after a moderately active session. At 3pm, the Financial Times index was down 3.1 points at 526.2. Concern over US interest rates continued to affect market sentiment, dealers said. Gold shares shed up to 150 cents and North American issues closed
    739 words
  • Article
    Inchcape to retain Toyota franchise
    471 12  -  ■HUB Companies Editor: Mano Sabnani By CHOO AI LENG CONTRARY to widespread speculation, Inchcape Bhd will retain the lucrative Toyota vehicle franchise for Singapore and Malaysia. Toyota Motor Sales is not planning to withdraw the franchise from Inchcape, said Mr Takahisa Fujita in Tokyo on
    471 words
  • Article
    Alcom to engage team of foreign engineers
    252 12 THE Aluminium Company of Malaysia (Alcom) will engage a team of engineers from the Indian Aluminium Co to construct its $106 million complex to produce aluminium sheets and foil. Its engineers and technicians will undergo training at aluminium plants of the Indian firm
    252 words
  • Article
    Lock icon DOW JONES EDGES HIGHER
    87 12 AP NEW YORK, Fri Stock prices edged higher this morning as the market continued its sluggish pace. The Dow Jones average of 30 industrial stocks, after a small gain in light trading yesterday, rose 0.67 points to 956.15 in the first halfhour. Advances led declines 6
    AP  -  87 words
  • Article
    Trading in Mohan's suspended on HKSE
    534 12  -  By HSUNG BEE HWA MOHAN'S Properties and Investment Co, earlier rumoured to be the target of a takeover by Malayan United Industries (MUI), was suspended from trading on the Hongkong Stock Exchange yesterday. A statement from Mohan's is expected to be issued soon. Meanwhile,
    534 words
  • Article
    RESULTS DUE
    395 12 Cempaay KL Industries Kesang Tin K Kampar Kramat Gula Perak Sentosa Chem Ind S J Amal Sel Prop Se langor Dredg PerM F F F F I I I F I F Date Aumee< last year 1/5 5/5 17/6 17/® NA 8/7 9/7 15/7 18/7 18/7 Lai Net
    395 words
  • Article
    Lock icon HK stock market likely to maintain current uptrend
    327 12 Reuter THE HONGKONG stock market looks set broadly to maintain its recent upward momentum, and this is likely to propel the Hang Seng share index through the 2,000 level by the yearend. On the back of significant overseas interest supported by enthusiastic
    Reuter  -  327 words
  • Article, Illustration
    Banking on Azman
    1040 12  -  EEEH? LOCK SIEW. •*I WANTED new challenges" was the reason Datuk Azman Hashim gave when he left his successful auditing practice 10 years ago to join Malayan Banking as an executive director. Today, after having earned a reputation as a pioneer bumiputra banker, Datuk Azman has not
    1,040 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      158 12 OFFICIAL NOTICE PROPOSAL TO CHMKE'OF MP'S NAME We, TRADEMAR PTE. LTD. of Suite LLOIA, 11th Floor, Marina House. Shenton Way, Singapore, hereby give notice that in consequence of our client's intended change of name of the motor vessel "NORDSUND" we have applied to the Registrar of Singapore Ships under Section
      158 words
    • Advertisement
      Page 12 Advertisements Column 2
      295 12 What will your Children become? 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? The TIME LIFE LIBRARY is a full learning programme. Nature, Science, Culture are the areas covered. A
      295 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6am to lpm today: Showers in several areas late morning onwards. Report for 24 hours prior to 7.M pm on July 17 *t the airport. Maximum temperature 31.0 Associated humidity 68 Minimum temperature 24.4 Associated humidity 96 Hours of sunshine 5.90 Rainfall in millimetres 19.5 Total
      62 words
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  • LEISURE TIMES
    • Article, Illustration
      Great little trains of Wales
      1455 13  -  Four day* in Wales may not quite qualify one for claiming to know the "rear country. But in Wales, reports TSANG BAU YIN, that is enough time. DESTINATION TSANG SAU YIN, THE WELSH, I believe, have in them the best combination in friendliness between the
      1,455 words
    • Article
      Better and better
      871 13  -  WEEKEHD GOURMET By RAY ANG NEVER hurry a meal, and never go to a restaurant that will hurry you through a meal. In this day of fast foods, it is refreshing to find a restaurant set in the heart of town that promises to treat you with
      871 words
    • Article, Illustration
      FOR STARTERS ...
      88 13 FOR STARTERS IT IS small. It is slimy. Mmmm it is delicieos. We are talking abMt snails, »r rather, eseargets. The dellcaey, which is available enly at restaurants, will mw be served at Hilton's Orchard Cafe. One eseargets item, Burgundy snails in herb butter, will imw be Included In its
      88 words
    • Article
      From the Barber of Seville and Carmen to Oklahoma
      420 13  -  By PATRICIA GOH DON'T let the word "opera" scare you away from the Hilton Hotel's next offering in entertainment. From July 23 to 25, the hotel will be presenting three nights of dinneropera, featuring big names from the Met. Opera afficiondos
      420 words
    • Article
      Dostoievsky's Idiot
      370 13 A JAPANESE FILM based on Dostoievsky's novel. The Idiot, will be the Singapore Film Society's offering at the Regional Language Centre tonight at Bpm. Directed by Japan's leading film maker, Akira Kurosawa, Hakuchi (1961) is set in the snowbound countryside of contemporary Hokkaido. Writing in a film magazine,
      370 words
    • Article
      YOUR WEEKEND SPORTS
      261 14 TODAY GOLF: Changi: The Wearne-Leyland Classic will occupy the Changi course as the second 18 holes will be played this morning by 41 professionals and 16 amateurs. The first flight leaves at Bam. The Wearne-Leyland Classic is the fifth leg of the Local Circuit and the remaining
      261 words
    • Article
      The NFL incidents
      922 14  -  msm By RONALD KOW FOR THOSE of us who love the sport, we cannot help but be concerned about the recent spate of "incidents" in the National Football League (NFL). And we cannot help but be even more concerned that the Football Association of Singapore (FAS) should
      922 words
    • Article
      COURTESY IN SPORTS
      389 14 FOR THE PLAYER 1) Be the first to say "sorry" in an accident, eg. tripping, body clashes, miskicks and mishits etc. (basketball, soccer, hockey, squash). 2) Wait until a rally is over before you walk by or across the court (badminton, tennis). 3) When returning stray balls,
      389 words
    • Article, Illustration
      Still the same old rules
      730 14  -  By CHARMAINE CHAN DISAPPOINTED participants in the recently concluded Anchor Business Houses Squash League should not be too hopeful for quarter-finals in the 1982 series. Mr Hubert Hill, chairman of the Organising Committee for this year's league, said it was highly unlikely that a quarter-finals
      730 words
    • Article, Illustration
      Fleet chiefs queue here
      1028 14 MOTOBIM with TTermes ONE of the best ways to start this review is to borrow a phrase from a British motoring journal describing two-litre executive type saloons used for company cars: "Fleet chiefs queue here." And I foresee many executive directors, when pondering on- their next
      1,028 words
    • Article, Illustration
      Watch out for those old friends
      348 14  -  FROM THE HORSE S MOUTH By HYPERION YET another mixed amateur/ professional meeting at Bukit Timah does little but remind us that time is racing by. We shall see no budding cup-winners in tomorrow's fields but doubtless there will be a scattering of old
      348 words
    • Article
      Assurance of fuel saving
      565 14  -  DEANO has been scratched from two races since his May run at Perak where he was in the lead nntil 1W metres oat The handsome dark-brown Jukebox gelding likes to ran in the front and I will cross my fingers that he will stay there in
      565 words
    • Article
      THE 37th DAY
      151 14 THE AMERICAN baseball strike moved into its 37th day after negotiations between the owners and players broke down on Wednesday. The players' representative Marvin Miller asked for binding arbitration to end the dispute but a source close to the owners said the owners had rejected the request,
      151 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      103 13 BUSINESS TIMES GIVES YOU THE EDGE Kpmmmmmm lil I* 11* I THE matter hat not reached criais atage but ia the FAS going to ait back and wait for worae thinga to happen? RONALD KOW ia talking about the recent apate of incidenta in the National Football League (NFL). CHARMAINE
      103 words
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      Page 13 Advertisements Column 2
      10 13 BUSINESS TIMES When we say business we mean just that
      10 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      776 13 WHAT WHERE)] CONCERTS CHAMBER Musical recital by Chen Chien-tai (violin), Chen Chien-an (Violo Cello) and Domique Weber (piano) on Friday at Bpm at the Victoria Concert Hall. FILM SHOWS TWO films on Thailand at the Queenstown Branch Library's Lecture Room. Exploring Thailand: the north and Exploring Thailand: the Math, organised
      776 words
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