The Business Times, 1 August 1981

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, AUGUST I,IWI 60 CENTS
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  • 354 1  -  By LEE YOKE MENG SINGAPORE'S insurance industry is well ahead of most of the other developing countries, said Insurance Commissioner Law Song Keng yesterday. Statistics from the Swiss Reinsurance Co show that in 1919, about 2.7 per cent of Singapore's overall income or
    354 words
  • 141 1 RENTALS for reverted properties bungalows, terrace houses and apartments managed by the Housing and Development Board on behalf of the Land Office will be revised from Oct 1. The HDB said yesterday that the decision was made as a result of a recent tender exercise involving 600
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  • 329 1 CBHMT PO6B, a sahaldtery •f the Pa* Offlee Bavtag> Baak, Is Hkety to raise Its hasslag Isaa rales by half to The present rates, effective riaee December last year, are UV« per eeat tor toaas ef sp to 11 yean, 12V4 per eeat
    329 words
  • 490 1  -  By FONG MEW LENG THE Development Fund has slowed down training in Singapore instead of playing an effective role in supporting it. Mr G A Pourroy, president of the German Business Group in Singapore, said training is being held up because the SDF has built up
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  • 419 1 THE approaches proponed by the Committee on Productivity (COP) to force the pace of productivity improvement in Singapore place too much emphasis on material benefits. This is the view of the Singapore National Employers Federation when it discussed the COP's proposals yesterte "The committee
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  • BRIEFLY...
    • 14 1 THE Prime Minister wishes all Muslims in Singapore "Selamat Hari Raya Aidilfitri."
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    • 50 1 THE Post Office Savings Bank attained its two millionth account on July 16, five years after the bank reached its. millionth account in March 1976. Incorporated in 1972 as a Statutory Board, total deposits with the bank stand at $2.7 billion. In 1975, they totalled only $552.8 million.
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    • 46 1 DEVELOPMENT Bank of Singapore (DBS) has sold its 35 per cent stake in Singapore Nomura Merchant Banking to Nomura Securities Company Ltd. The sale, completed yesterday, resulted in a surplus of 5J8.75 million to DBS. The transaction was carried out after mutual agreement.
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    • 48 1 Reuter JAKARTA, Fri. Two Singapore nationals were arrested by Customs officials at Jakarta airport last night with 40 kilogrammes (90 pounds) in gold bars concealed in their vests. The two men had arrived on a Singapore Airlines flight from Singapore. Their identities were not revealed. Reuter
      Reuter  -  48 words
    • 72 1 AFP MANILA, Fri. The central bank today approved the Bancom group's request to merge four of its subsidiaries in preparation for the creation of a joint venture bank with the state-owned Land Bank of the Philippines (LBP). Central bank governor Jaime Laya said LBP will put up an
      AFP  -  72 words
    • 75 1 UPI NEW DELHI, Fri. The United States and India failed to settle a nagging problem over the supply of US nuclear fuel at the end of high level talks today, but both agreed to bold another meeting soon. An American delegation and a top-level Indian team met for
      UPI  -  75 words
    • 41 1 Reuter BONN, Fri. Rescheduling the official credits to Poland is expected to cost the West German government over one billion marks in 1982. Government sources said the Bonn Cabinet considers the economic situation in Poland as extremely serious. Renter
      Reuter  -  41 words
    • 66 1 Reuter ROME, Fri. Former Iranian President Abolhassan Bani-Sadr was quoted by an Italian newspaper as saying he might leave France if he is not allowed to speak freely about his country's affairs. He said: "I hope that within some days I will be permitted to speak freely,
      Reuter  -  66 words
    • 61 1 Reuter WELLINGTON, Fri. Prime Minister Robert Muldoon indicated today that the tour by South Africa's rugby team might be shortened in exchange for an easing of protests. Mr Muldoon, after chaos created by the Springboks' arrival on July 19 for a two-month tour, called the police, rugby union
      Reuter  -  61 words
  • 145 1 THE Housing and Development Board has denied a Paris report that it had awarded a prefabricated housing contract, worth U*****.5 million, to a French group. The HDB said the report was premature as negotiations were still going on with the isnunsy, a joint. venture Travaux de
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  • 479 1  -  By WANG LOOK KEAH THE Government is planning to secure more engineering sub-contracts from the United States for local manufacturers. The move is being made at a time when the US is looking for alternative sources for sub-contracting work. US industries have traditionally farmed out
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  • 196 1 NEWTON has shut down two of its three tool and die factories iiv Singapore. The closure was foreshadowed last month when the company advertised to aril some of its machinery. This was followed shortly by the retrenchment at about 408 of Its 600 J Yesterday, it
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  • Page 1 Advertisements
    • 240 1 Bookshops Business Times wishes all Muslims "Selamat Hari Raya Aidilfitri." m GOODWOOD Park Hotel has no choice but to accept shares from Malayan United Industries as consideration for the sale of majority stakes in Hotel Malaysia and Ming Court Hotel PHP Vt THE US Senate has taken the first step
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    • 184 1 Swing With A Perfect ZM 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'lo'. These new-design woods-and irons were created expressly to
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    • 0 1 ||&}^]$".*+'>)/==_=]:\:]`\+/_?&
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    • 91 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) MOMMESSIN CHABLIS 1979 The special white wine for any special celebration. 1979 was special year. I met you holidaying at Cannes.'' "Life still is one long vacation uuithyou". "The French bottled a great wine that
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  • OVERSEAS
    • 532 2 AP EFFORTS by China to graft free market features on to its central planning system have failed, according to a study by an American economics professor who investigated the situation on the spot this year. Professor Bruce Reynolds of Union College in Schenectady, New
      AP  -  532 words
    • 87 2 Reuter THE WEST German government proposes to give 10 per cent grants in 1982-84 to steel companies investing in rationalisation or conversion programmes. The government will put forward a draft law to grant the subsidy where a company qualifies for national economic reasons and under
      Reuter  -  87 words
    • 248 2 UPI AUSTRALIA is about to invest more than USJlbillion in high technology. Australian Minister for Industry and Commerce, Sir Phillip Lynch, told a luncheon given in New York by the American Defence Preparedness Association that greater cooperation between Australia and the US in defence and commerce depends on
      UPI  -  248 words
    • 218 2 Reuter AUSTBALIA'B system sf awarding aattsaal pay rises la Uae with fee laflattM rate was itnlwri yesterday after three maths sf aathwMi tadastrtal nnrest aver wage claims. The aaaaaaeemeat by ArMtrattoa Csmmlsslsa praUcat Jeha Maare slgsate the retarn sf Aastratlaa Indsstry ta tree eaUeetlve hargalaiag
      Reuter  -  218 words
    • 367 2 AP THAILAND will soon begin overtures to attract foreign investment (or a planned US$5 billion eastern seaboard industrial development, based on exploitation of natural gas. Planning chief Dr Snoh Unakul said on Thursday that a team from the World Bank and its private sector arm,
      AP  -  367 words
    • 252 2 AP INCREASING competition in overseas flights has benefitted US carriers and travellers, even though many foreign countries have discriminatory policies favouring their national airlines. America's national interests are not served by foreign-flag carrier dominance over international markets. The "open-skies" policy accelerated during the Carter administration
      AP  -  252 words
    • 267 2 Reuter A KEY British government minister has said that recession in Britain is ending. However, the opposition Labour Party strongly disagreed with this optimism expressed in Parliament by Sir Geoffrey Howe, the Chancellor of the Exchequer. He said the results of a survey
      Reuter  -  267 words
    • 188 2 Reuter THE US government reported on Thursday that productivity declined more in the spring than at any time since last year's recession, providing fresh evidence that the economy has been slowing down. Productivity for all businesses except farms fell at a yearly rate of
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    • 345 3 Reuter DESPITE ,hl gfl 4A domestic car sales and strong foreign competition, the US tyre Industry Is showing strong signs of rebounding after two difficult years. Major tyre companies disclosed plans earlier this week to raise the prices of replacement tyres and tubes for the
      Reuter  -  345 words
    • 223 3 UPI FOREIGN ministers from 22 rich and poor nations began gathering (or the NorthSouth conference In the Jet set resort of Csncun, Mexico, on Thursday amid reports that Cuba, not invited because of US opposition, is trying to gate-crash the meeting. Arriving yesterday for
      UPI  -  223 words
    • 225 3 AP THE IHMKB Range yesterday —pi a Bnpstot paley designed is "accelerate victory" aver Viet asmese forces In KampnThe clandestine radU si the toppled government said the plan waa drawn ap altar a three day smcting headed five pdih «I (fee plan are
      AP  -  225 words
    • 722 3 ARRIVALS Service Local Operator Nuber Time Froa MAS MAS MAS SIA MAS CAL CPA GIA SIA GIA PAL SIA SLA MAS SLA MAS RBA SIA SIA GIA KLM MAS LUFT GIA THAI MAS CAL SIA SIA SIA SIA SIA MAS JAL GIA UL UTA SIA MAS GIA
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    • 372 3 NYT THE US Senate on Thursday took its first action on proposed legislation, already moving through the House, to apply domestic borrowing ceilings to foreign investors when they are seeking control of American companies. The Senate securities subcommittee unanimously cleared a bill that would
      NYT  -  372 words
    • WORLD IN BRIEF
      • 345 3 Agencies FLUCTUATIONS In the prices of agricultural products have created a new class of unemployed in southern Thailand several thousand specially-trained monkeys. The furry little toilers, who are used to spending the tropical afternoons clambering up palm trees to pick coconuts, can now only sit on their
        Agencies  -  345 words
  • Page 2 Advertisements
    • 232 2 4# ■I: 3 >: 'fUSf ■--t m i- y f.± v *>■¥■•/' < V r v>- £> r I V. 3fi» V!*r ►.> S r^-m tst *r ■>; r w4 :-<• ts i f V i J* r i t dm iffiiiyft- 1 mm v 1 t *w If 4
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  • Page 3 Advertisements
    • 250 3 FORD GRANADA 2.8 GHIA This is one issue you won't want to take a back-seat in. Because driving a Ford Granada' Ghia is as stimulating as being driven in one. The Granada Ghia is Germany's contribution to the prestige Ford fleet. Europe's most successful luxury executive car. A car with
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  • RAW MATERIALS
    • 787 4 MOVE TO STOP SLIDE AFP Reuter MEMBERS of the Association of Natural Rubber Producing Countries (ANRPC) have been urged to withhold rubber stocks from the international market to prevent any further slide in the price of the commodity. The deputy chairman of the Malaysian Rubber
      AFP; Reuter  -  787 words
    • 245 4 RUBBER output of Peninsular Malaysian fell to 80,100 tonnes in April from a revised 89,623 tonnes in March and was also below the 87,801 tonnes in April last year. The decline in output, the lowest in the first four months of the year, followed the fall in
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    • 90 4 Reuter JAPAN will shortly start negotiations with Poland to discuss terms of Polishproposed exports of about 20,000 tonnes of Japanese rice to ease a food shortage there, foreign ministry officials said. They said the rice will be shipped to poland with payment deferred until after a
      Reuter  -  90 words
    • 85 4 Reuter THE THAI government had a stockpile of 800,323 tonnes of paddy on July 20, Deputy Under-secretary for Commerce Danai Tulalamnhfl said. The stockpile was built at the end of last year to help farmers sell their paddy at the government support prices and a target
      Reuter  -  85 words
    • 87 4 Reuter MONSOON floods in India's northern Uttar Pradesh state washed away freshly transplanted paddy from many areas and caused considerable damage to standing sugarcane, a state information officer said. Uttar Pradesh is a major grower of rice, wheat and sugarcane and floods have damaged a large part of
      Reuter  -  87 words
    • 324 4 AP THE WORLD Bank has warned that developing countries must sharply increase their agricultural research efforts to meet the needs of their growing populations. Effectiveness of research programmes this decade may decide bow well the 3.2 billion people in developing countries will eat in
      AP  -  324 words
    • 222 4 WHEAT futures in Chicago on Thursday closed on the bottom of a 6V4- cent range, down 4 Mi to three US cents a bushel in revived trade. Steady local long liquidation in reaction to the decline in the soybean complex dropped values. Local sell stops were touched off late
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    • 177 4 CHINESE rretaee Exchange, fltappm, ini claatag priM per 100 kg yesterday. CwMt «11: Bulk fob »22.50 tellers, old dram (la aecood hand dram) fob $136.50 sellers, new dram fob $141 JO tellers. Copra: Mixed (looae) $72.75 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers. Sarawak white
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (la HK dollars, spot «-godown) j MM yara: China Blue Phoenix 20s 2,350, Us 2,865. 40s 3,030 (per bale of 4» lbs). Pleee gaeds: China Butterfly aad Globe brand unq; Dragon Head unq; Ftve Lambs unq; Flower and
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    • 316 4 BB4GAPOKE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.35, 100 per cent second class 1.14, 100 per cent third class 1.10, 25 per cent new crop no stock. B-10 per cent no stock. THAI BROKEN: A-super 0.78, Special
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    • 76 4 THE BTKARB ttm price la Pesaag yesterday •arced cents to MfttJß a ktta, a aew eight —tt tradlag high, la rale wlUda Ike ceiling raage of $12.14 la $9M7 staee Ike nlddie s( tke meatk. Tke ead-meatk tradlag firmed fellewtag Lsadea's advices aad activity was widespread witk Japaaese,
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    • 29 4 Rubber; July 31 Singapore: (closed) Malaysia: Aug: 249.50 cents (up 3.50 cents) Tin: M 533.28 per kilo (up 20 cents) Official offering: 241 tonnes (Up 41 tonnes)
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    • 85 4 THE Malaysian Minister of Finance has fixed these rates for the period from July 30 until further notice: Batter: 244 v* cents a Idlo for RSS One; Cspra: MJ727.50 a tonne; Falsi kernel: 1955.75 a tonne; White pepper; $3,224.83 a tonne; ■nek pepper: 52.016.C7 a tonne; The rates
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    • 369 4 THE SINGAPORE rubber market was closed yesterday. In Kaafe Lwnpv. the market closed higher ahead of the festive holidays with August Ones RSS, buyers quoted at 249.50 cents, up 3.50 cents from Thursday's close. Prices opened firmer following steadier London prices yesterday and gained further ground on sustained buying
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    • 215 4 CHICAGO soybean futures prices broke late on Thursday to close two to 10V4 US cents a bushel lower in active trade. Reports of substantially increased country movement in soybeans, following the sharp run-up in futures around midday, prompted chain reaction local long liquidation, traders said. Commission house and local
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    • 884 4 COHfX: Selling pressure yesterday took Robusta coffee futures down through chart support points at around £1,050/£1,060 in October to end the morning session £54 below Thursrday's close at £1,045, traders said. Turnover totalled 3,351 lots, including 30 options and 530 cross trades with values £54 to £37 lower
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    • 129 4 THE PALM oil market in Kuala Lumpur yesterday closed weaker after fairly quiet trading, dealers said August in the South dropped Msls to $930 a tonne and Central down $12.50 to $932.50 while in September, the Ceentral region fell $17.50 to $880. In the October position, South and
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  • Page 4 Advertisements
    • 127 4 .N Sofe Agents for: Tap-Fittings from Switzertand KWC fittings-the standard of good living sranEHßj Mirrored Cabinets from West Germany The first step to a more beautiful bathroom ?<$ 3 •s SpcaKman L^A^l Shower Heads and Tap Fittings from USA Anystream shower heads, new in design and concept... backed by the
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  • TRADE AND INDUSTRY
    • 349 5 CHINA National Technical Import Corporation is inviting tenders for the supply of all equipment required for the Qinhuangdao Port expansion project. The tender is open to nationals of all eligible countries and covers the supply of loading and unloading equipment for a coal wharf with a total output
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    • 81 5 THE Economic Development Board will continue to advance manufacturing industries in the next decade besides striving to develop Singapore as a centre for knowledge-inten-sive technical services. Mr Yeo Seng Teck, EDB's director, added that the EDB has published a brochure to commemorate EDB's 20th anniversary today. As part
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    • Article, Illustration
      149 5 A LUMINOUS call system has proved its usefulness in hospitals and other establishments in New Zealand where people may need to summon assistance. Manufactured and marketed by Zetka Industries, the system provides a means of communication from a number of fixed calling points. Calls are registered at a
      149 words
    • 269 5 SINGAPORE will have about 76.4 sq km of industrial add warehousing land by 1990, 65 per cent more than the area in 1978. Industrial and warehousing will then take up 11.9 per cent of Singapore's land area. In 1978, the 46.4 9 km available for industriuse accounted for
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    • 45 5 THE Science Council of Singapore will hold a seminar on mechanical and marine engineering on Aug 7. The seminar will provide an opportunity for executives from the public and private sectors to exchange ideas on the future development of the mechanical and marine industries.
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    • Article, Illustration
      442 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Atrevida (0615 hauls 77m west) 6/7 Asian Star (ro/ro) (0900) 31/32 Equator (0700) 22 Nedlloyd Linge (0930 after Nedlloyd Adelaide) 3/4 SA Verglegen (0600 after Atrevida hauls) 8/9 Strathmeigle (after Kota Pelangi) 10/11 Strathelgin (after Kota Ban tang) 13/14 Zhi Hu Yuan
      442 words
    • 71 5 JOHN B Klag has joined the Sun Alliance Insurance group and has been appointed regional underwriter for technical services. He will be based in Singapore. Mr King, a chartered engineer, has been underwriting all classes of engineering and construction risks in South-east Asia for several years. He
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    • 545 5  -  By RICHARD SEAH METAL engineering industries are expected to double their share of manufacturing output by 1990 with an pnnmi growth of 18.1 per cent per annum. The electronics and electrical sector is expected to grow at 13.5 per cent per year over the decade.
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    • 139 5 SEAFOOD and seafood products go metric from this month. Importers, wholesalers and retailers will have to sell solely in metric units and price only by per 100 grams and one kilogram, 100 kilograms or one metric ton as the case may be. They must also possess only
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    • 618 5 BEMINABB AND COURSES July 29-Aug 5: Top Management Development Programme, NPB Aug 3-6: SIC for Shiprepair Managers, Cuppage Centre, NPB Aug 3-7: Pll (Introduction to Pneumatic), 12 Gul Street 3, Jurong Town, Festo KG (Didactic) Aug 3-20: 30th Building Construction Safety Supervisors Course, Cuppage Centre, NPB Aug 3-21:
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  • Page 5 Advertisements
    • 45 5 NOTICE marsn Mclennan (Singapore) pte ltd WISHES TO ANNOUNCE THAT WITH EFFECT FROM AUGUST 1 1981, THE COMPANY'S NAME WILL BE CHANGED TO> > marsh Mclennan bowring pte ltd LEVEL 14-01 PIL BUILDING 140 CECIL STREET SINGAPORE 0106 TEL-*****66 TLX: RS ***** MMSIN RS ***** BOINSUR
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    • 262 5 I THE MOTOR VEHICLES (SPEED WARNING DEVICE) RULES, 1981 From Ist AUGUST 1981 alllightgoods vehicles must be fitted with Speed Warning Devices approved by the Registry of Vehicles ,(ROV). STANLEY SPEED WARNING SYSTEM is APPROVED BY THE ROY and is manufactured by Stanley Electric Co. Ltd., Japan to meet the
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  • 358 6 WHEN piakang Mati was renamed Sentosa a few years ago, everyone had visions of an idyllic resort in the sun stretches of lovely palm-fringed beaches and the cool, inviting gaze of the sea. Now, little has changed and the island is as quiet as before. New
    358 words
  • 320 6 IT MAY have been no more than a poor choice of words that led the Singapore National Employers Federation to describe the second thrust of the planned productivity improvement as "too many demands...on the employas" having "much emphasis...on material benefits". In all truth, there is
    320 words
  • 873 6  -  Raymond Loewy is the most influential industrial designer of his generation. His creative work ranges from the familiar Coca Cola bottle and the Lucky Strike cigarette packet to Kennedy's Presidential aircraft. Later as NASA's Habitability Consultant, he opened a new
    FT  -  873 words
  • 809 6  -  row. I with ANTHONY LEWIS OVER the last two years a number of American doctors have worked to bring home to people what the human consequences of nuclear war would be. A single bomb on a mediumsized city, they said, would kill hundreds of thousands and leave
    809 words
  • 834 6  -  By THOMAS CHESSER NYT WHEN Levi Strauss, the world's largest maker of blue jeans, decided to expand its European operations in 1978, it began talks with the government of Hungary. Hungary wanted to build a blue Jeans plant, but did not have enough hard
    NYT  -  834 words
  • Page 6 Miscellaneous
    • 676 6 CRYPTIC PUZZLE ACROSS 4 Like the smile one has for the doctor? (6) 7 Pursue, but don't track down (6, 2) 8 Be objectionable right to the last (6) 10 I'm back in town with her (5) 13 Dossier on a wild life (4) 14 Title poasibly used in Iran?
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    • 600 6 ras t Sensational Donna t Nhi w+ X I Lut Dhm^. 9 TTT 1 <j?ugsrs. Is which CM I •f Umm MM cn ia TV SINGAPORE 5 10.00 PM Opening Mowed by Aid Fitri Putra Putri 10.45 KdM Rich 11.15 The Donna Summer Special 12.10 The Greatest Moments Of The
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  • 1108 7  -  Acquiring hotel management skills through experience is often time-consuming. Hotels such as the Holiday Inn and the Oberoi chain have their own schools to train staff. In Singapore, the Hotel and Catering Training School provides training in the basic skills of serving food and other personal services.
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  • 1489 7  -  By DANIEL CUFF NYT THE SHORT, quiet chap in the blue blazer is unobtrusively sipping a gin and tonic in one of New York's v posher hotels. On the basis of appearances, the 78-year-old man might be a professor emeritus or the retired owner
    NYT  -  1,489 words
  • Page 7 Advertisements
    • 132 7 OFFICIAL NOTICE PROPOSAL TO CHANGE SHIP'S NAME We hereby give notice that OMEX PIONEER COMPANY PTE LIMITED having its registered office at NEPTUNE BULCHNG, 13 TRAFALGAR STREET SINGAPORE 0207 have purchased the vessel "©RENTAL SCHOLAR" OFFICIAL NUMBER 7068 of Gross Tonnage ***** Registered Tonnage ***** and have applied to the
      132 words
    • 423 7 sc* i K K < *886?* > >-» •> ?./v ;r a: I 33Sfe 3§f« U Pflgf^ *4*l \ub AT VC 4Nt'JkJ r a WJ& N ODE Abrarns ARTBOOKS Trffe LANGUAGE OF GRAPHICS This dazzling collection brings together an extraordinary display of graphic design, from its early beginnings to the
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  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 235 8 JULY SO rn COBBULLB Alr-Llqulde 4T5 B 8 N Otnli MM .a cTlT(TTM«niion~ dw Pvtrotes Comoicnit Plnaaclm >14 -s L»10 CooDtcnk Ocntnic Ml •a Credit Pone tor n» Vmvim as 15 Hachtttc (Ubnlrts) liTtiln— Bull m MM 13 -L» lildMUn (B) MS •IS Ptdftlntj Clfine K uhlmann T1.10 -14
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      • 78 8 JULY X rr» FORWARD MARKET Krmr ArtMd no 1MB unch -S Astur Brmaeto Bru-L&mb Kf an 1142 >2 -4 Dock 130 -I D» B»ifi Ebat m ♦a Be««*erZZZZ no nee Oto-Inno-Bm 1(10 ni*>K Omm Hotok U» 10 P»lro Ryl Dutch Skirt) Soc Oon Bclc Sottas Bolnj A 4096 1412
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      • 187 8 JULY 30 DB Aw-TM(mun mm «U Akao n» iU au> utaa vmm -u Aiu vws mm -4 BASF IMJi Bay H T Wtank 1M MB Bu VMBt mj* -1 Butr triM 1 BSC TtkJO BMW f— II» run unch cimb Vara mm *i Commarabank UUI -U ConU Oumml ttJO
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      • 125 8 JULY SO Prtnca Actloni WiifM 111 mil— Br. 1 m <4 Ahmimi rm Brown Bond Br. Cite (Mo Br. Cite Cfcrtty P C 1 IM 1MB r» -J •M Cite (Mb Bar 1 Cradlt SutaatBr CrKllt Mm n*( Dtktnma Br. 1 Omb PlKlMr Br i OtOtMM PC ra unch
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      • 137 8 JULY 30 ABM ru SBLOI -1 AhoM moo -11 AfcSD BK 14 AlltV aa.40 -IS AmffBT tun ♦11 Amrotak 52.«0 ♦11 mmgm 30L90 4100 >14 lonuBt] 1110 161.00 unch -1 90 TO 11 Calve Dtlft 3U0 1MJ0 11 -1 Dtll MIJ 7100 15 «<■«■ -11 fokkcr MJO 11 mm
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      • 4 8 SS3 T VijJC
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      • 91 8 It H mjmfuWl -H It -M Brth Corp BP Cut Ltd 46 -1* CUip Had LmXm IT Cu tap Bk IT II -M It -IH -I -It k -l t -it i T* Oufat Id* PT Carting (XKMh M Comlnco Oooa Bain COM Mutaof I* Dankoc U DnW Dm
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      • 186 8 INDUSTKlJ A Alptoa Abarcom AS And CI A MIC tL8 m m *1 m rm «i Bartow* a?-" Currtt Plnanca D* Ian lad Mean 11 uncb 00 uncb TfTIS POfM Otrtlu OMiBl OnMu ssa Halttti m oncb 1100 uncil MO »neb 7M uncb utiartr Lonrbo LTA MO U And
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  • Page 8 Advertisements
    • 617 8 <[_'="]%;[`="|&](_<?_;;$:?=}){| "The American Express Card serves you well, wherever good food is served wlf For sushi. Forleppanyaki. For other authentically Japanese delights. I i >' rt'scrrutu >m.n i'' 7.'->7 (^>77 < I ':ii k Slicrjiiidi < m i K XV u EUv H ■M UM RESTAURANT Busness Brwiifurt 730 am
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    • 176 8 Rfcasgood. as going to Bangkok. p i Jt I This Is Thai Seafood at Its authentic beat. So treah, H couM have bean airve 15 minutes before coming to your labia. It was An enormous variety of succulent seafoods expertly prepared by Thai chats in our tutchen. Siamese Seafood Restaurant
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  • BANKING AND FINANCE
    • 445 9 THE US dollar strengthened against major currencies except the Singapore dollar on the local foreign exchange market yesterday. Against the Singapore dollar, the US unit opened at 2.1595/06 but slipped during the afternoon to 2.1560/70. It picked up slightly later in the day to close 20 points lower
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    • 116 9 THE US dollar was firmer in quiet, featureless, trading yesterday ahead of the weekend. The yen was little changed against the US dollar, trading at 239.10/20 towards the close from its opening 239.20/30 but the dollar firmed against the deutschemark to 2.4620/30 against its opening of 2.4585/ •95. Sterling
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    • 87 9 THE US dollar for overnight delivery yesterday closed firmer at 239.75 yen compared with a 239.20 opening, and a 238.86 finish on Thursday, dealers said. Trading volume was moderate at US$BB7 million. The dollar firmed slowly in the afternoon and closed at a 15-month high. But trading narrowed towards
      87 words
    • 50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 3 to 7: Offered: 1130,000,000 Applied tor: $187,050,000. ABstted: $100,000,000. Accepted Mis: $98.32 approximately 44 per cent and higher bids in full. Average rate af dise—t •a allotment: 6.700 per cent per annum.
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    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.375 per cent.
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    • 176 9 ASIAN ASIAN currency deposit interbank rates as at close on July 31. U8 Doll*rs(8pot) Off.r Bid 7 days 18* 18*. 1 month 307/16 30 3/16 2 months 18* 18* 3 months 18* 18* 6 months 1813/*****1/16 9 months 17* 17* 12 months 17* 17* SwJra. Dw 1 month 3 months
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    • 48 9 RANGE of prices oflen sd by dlacount hni mm i on July 31: Overnight «V<% Can depoa Its. Clowm# 3-month Bayix 9mm Treasury bUU 813/16 611/16 3-month Bank bills 14 9/16 14 3/16 3 months CD 13* 13* 6 months CD 13* 13 Source: National Discount Co
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    • 231 9 SINGAPORE gold futures yesterday closed generally firmer than overnight levels after fluctuating marginally in thin trading, dealers said. Total sales for the day was recorded at 42 lots of 100 ounces while kerb volume was 61 lots, they said. August closed higher at US$4O6/406 an ounce against $404.00/80 on
      231 words
    • 33 9 New York 8,458 8.56B 8.8SB 8 7®> Zurich 8 40B 8.S5B ins 8.75S Pri Singapore 8.«B 8MB 8.C8 8.70S Closing prices In US dollar! a troy ounc Source: Credit Suisse, S'pore
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    • 227 9 THE DOLLAR remained firmly underpinned in quiet but nervous early pre-week-end dealings with little in the way of new factors apparent, dealers said. It opened at 2.4615/25 marks compared with a late Hongkong 2.4620/30. Sterling received support from the ending of the British civil servants' Industrial dispute, although the
      227 words
    • 980 9 THE NEW YORK stock market on Thursday finished on a strong note, as a rally gathered steam in the afternoon. Analysts said the gain largely was a technical reaction to the market's recent weakness, with no new factors affecting the market. However, they said there appeared
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    • 412 9 Reuter INTEREST rates in the UK will not rise from current levels and may possibly fall, said National Westminster Bank chairman Robin Leigh-Pemberton. But hopes of a fall in rates have been postponed by the high level of US rates and the related
      Reuter  -  412 words
    • 322 9 INVESTORS on the Swiss franc bond market are taking a more discriminating attitude which has led to the cancellation of two planned issues by a French and a Mexican borrower this wwk. N Capital market sources in Zurich said this partly reflects a seasonal fall in institutional
      322 words
    • 189 9 THE FRENCH Treasury has informally asked French borrowers to restrict bond issues on the Swiss capital market due to the resistance certain names have encountered in placing paper. A government spokesman declined to comment on whether it has approached French borrowers but said the problem is not serious.
      189 words
    • 215 9 Reuter THE YEN will fall Msw Ml to the teller ta the ■tort-term, and sisslMy la areaad Ml, M Ugh U8 Interest rates persist. Bat Ispsatsr hankers aad »«win exchange deal era la Tehye yainlb agreed that the yea will spptetistt la
      Reuter  -  215 words
    • 77 9 Reuter THE AVERAGE contracted interest rates for tendings by all Japanese hanks in June fell 0.091 percentage points to 7.702 per cent a year from 7.793 per cent in Mgr. The Bank of Japan said May registered a fall of 0.107 percentage points from April. The central .bank
      Reuter  -  77 words
    • 79 9 SUMITOMO Bank issued floating rate certificates of deposits valued at ten million special drawing rights (SDRs) in London on Thursday the first such issue to be managed in the "city" by a Japanese merchant bank. The issue, worth around U5511.33 million, is for three year certificates and is
      79 words
    • 474 9 AFP MORE Taiwanese banks are penetrating the European and Asian financial markets to absorb Eurodollars and Asian dollars into the country. According to a survey conducted by the English-language newspaper Chins News, the purpose oC such moves is to bring the money into Taiwan so that local
      AFP  -  474 words
    • 653 9 NYT THE BANK of Canada allowed its discount rate to climb to another record level on Thursday in a vain effort to halt the slide of the Canadian dollar in the New York market. The rate at which the central bank lends to private
      NYT  -  653 words
    • 40 9 Reuter THE ROYAL Bank of Canada has raised its prime rate to 21 v, per cent from 21 per cent, effective yesterday. Mercantile Bank of Canada moved to 22 per cent from 21 per cent on Tuesday. Reuter
      Reuter  -  40 words
    • 140 9 BANK of America will offer a four-year or longer variable-rate time deposit instrument and will revise its existing two-and-a-half and four-year fixed-rate time deposits. The changes, which will come into effect on Monday, were made possible by recent regulatory changes by the Depositary Institutions Deregulation
      140 words
    • 110 9 A US$BO million tWO-Ukd-a-half year revolving facility far Hyundai Construction Co Ltd to support contracts ia Iraq was oversuhacrlbed and hanks' allocations were cut, Gulf International Bank BSC said. Signing is expected in Bahrain at the the end of thi* month. The facility has two tranches. The first,
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  • Page 9 Advertisements
    • 243 9 n 4\, it! nllMfii I A dC Mi -vr a*, M Philips' ILLUSTRATED < v VAS ATLAS THE WORLD What makes PHILIPS' ILLUSTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book
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  • 1889 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 k>U of 1,000 units, unless otherwise qpeciDea. SECTION ONI INDUSTRIAL 8 COMMERCIAL Amt (33M)(1)3»(1)1»(1)
    1,889 words
  • 113 10 —1iW WTT— g (11 9 t frtM* tar I) Tk* CaaMrct 1# MT TtM Savtafi fMd Ml t M S>wS3«*«d LSI IM S'porc 8k. VM Ul UM S{«MM IM l-a S'porc Equity ftad L€ 1* iUtMrimr tn --r-—--t" MtihmtaM MT Ml iunifrM i» B2£E?JS 3 DUuaaad 3 parr
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  • 2449 10 IM1 Sick Low Compmmy Last Bale Cr*s Or*s Net Dlv Dif Yld P/I Vol Day +«r- Crr (*000) Hlfh Low I SECTION ONE INDUSTB1AL ft COMMBBC1AL m 300 US «ao 300 470 om 430 3M Acms Alcorn 130 Anted Choc 101 BAT SM Bata M Bra SM
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  • 1863 10 BID and after prices officially listed sad Fiustnm in sad reported to the Koala Lumpur Stock Exchanfe yesterday, with the number at Barss traded shown in brackets In lots at ijm units, uataas otherwise specified. Dnmuu Item {1MB) (J) US (1) IM (1) 1« BCkas (1MB) AMD
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  • 43 10 PUBLIC Bank Berhad: EOGM to be held at 5th Floor, Bangunan Public Bank, 6 Jalan Sulaiman, Kuala Lumpur on August 5 at noon. 0 8PP Limited: AGM to be held at 315 Alexandra Road, Singapore on August 5 at 10 am.
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  • 391 10 THE STOCK awM etaaei ea a ataa <y aeta yealeriay M hiMtin, Mag prlM ap. Ike StraMa Haaea laiaetrial la*« dialkei a p Hi lag Ike week riaee II afcng•i taa lew el Wi.» aa Maay aaalysta an aaw el tut Ike raeal STmSi uT£ Ike
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  • 676 10 BUYING support remained at the Kuala Lumpur stock market yesterday, taking share prices higher in most sectors. The continued pick-up in sentiment came ahead of the long weekend and concluded nearly six months of half-day trading- Normal trading resumes next week. The steady close came after
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  • COMPANY NEWS
    • 526 11  -  By MAUDRENE NITHIANANDUM PLAGUED by a continued fail in world demand for plywood and a narrowing of gross profit margin, International Wood Products Limited (Interwood) Just about cleared the hurdle to show its shareholders a tiny profit figure for last year. "The financial year
      526 words
    • 300 11 MALAYSIA Textile Industries (MTI) has disclosed that it will use $4.5 million in bank borrowings to finance the acquisition of Fuco. "The rates of interest are at current commercial lending rates and the bank borrowings have been extended to the company clean," MTI added. The company said
      300 words
    • 274 11 SHANGRI-LA Hstel has chalked ap a pre-tax profit of $15.7 milttea far the six meaths ta Jue SI. lUs represents a 28 per eeat Increase aver the prevtsas year's comparative flgare of $12Jt milttea. lie higher earnings refleet ta a large extast the galas treat the rerietsa ef
      274 words
    • 301 11 FT THE PETITION for the compulsory winding-up of St Piran, the mining and property group, will not now come before the UK High Court until October. The hearing was to have begun on July 23, but it was agreed that St Piran needed more time
      FT  -  301 words
    • 264 11 IN SHARP contrast to the £217,500 interim earnings in the previous comparable period, UK-incorporated Idris Hydraulic Tin Ltd has turned in a disappointing loss before tax and exchange adjustments of £181,000 for the first six months ended June 30,1981. For the period reviewed, loss from the
      264 words
    • 216 11 CHINA Meter Bas Os Ltd had declared a final dividend of HK 35 cents ($1.20 previously) for the year ended June 30, making a total of 45 cents (51.70). The company said this represents an increase of 56 per cent over the adjusted dividends paid for last year
      216 words
    • 259 11 PALM CO n»lihn reports that the authorised capital of Flma Palm Bulk Services is MHO million. The issued capital at the date of incorporation is $2 and the company will allocate before Aug 21 Ave million ordinary shares of $1 each. A copy of the joint venture agreement
      259 words
    • 315 11 Carreat El Bttb Date Tttal tor Talal tar Piyactl Date Ctaae PayaMt the rear Pre vteaa year Alex HMga «%<b) NYA NYA < NYA m 6% tatewni 30%(q) Jul 20 Jul 27 Aug 12 30% 30%(q) BerJayaKawat *5%TE Aug 4 Aug 17 Sep 14 9%TE 13% TE C8apn
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    • 427 11 Company Particulars k Ex Date Books Close Atom Proposed rights issue of 2 for 1 (a, $1.70 per share NYA NYA Alex HMgs Proposed bonus issue of 1 for 1 NYA NYA Bsastead Rights issue of 1 for 3 fe $2.00 per share Aug 3 Aug 14 Bonus
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  • ASIAN STOCKS
    • 284 11 HONGKONG STOCKS closed stronger yeterday as operators rushed to buy ahead of the long weekend and on confidence that there will be no local interest rate rise this week, dealers said. The Hang Seng index rose 20.45 points to 1719.84 in very active trading with turnover at HKS7BS.SO
      284 words
    • 58 11 STOCK prices closed generally steady in slow trading yesterday, dealers said. Siaro Credit fell 0.50 baht to 61.50 and Rama Tower rose 0.50 to 55 baht. JULY U BU>U •4 a Ban! Of A|iiHi|t Ltd 190 and) «J0 41 0* Can lamMonl Tr T»»w iU IkUB OBL in uoch
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    • 297 11 THE STOCK market traded quietly steady yesterday, dealers said. BHP rose to AH3.15. The company said on Thursday that it was aware of rumours concerning a possible convertible note issue, which has caused the share price to fall this week, but it added it has made no
      297 words
    • 61 11 JULY» rmm Aeot* "'"'I JM ouch Altai CotL A Altai Con. B SJ» Bacuto OaM JM *um —wn Can. W BT Ooodrtctt »*»f CDCF 4.» lamfcMI Lapanto B lM oncb Ifartnduqu* B > Oriental A Ornntal J0 FhU Oiifim m +MtU nun A PbUax B 1* PtoOMr mm une»
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    • 411 11 SHARE prices eased slightly with motor stocks, precisions and other front runners f»!Hng on profit-taking, SSelnaS investors stayed on the sidelines worried about the yen's continued fall against the US dollar. The market average lost 3.09 points to 7,828.26 on light turnover of 330 million shares. The Tokyo
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    • 55 11 FINANCIAL TIMES industrials Thursday... 525 0 Tuesday 5253 Week Ago 518.6 DOW JONE8 AVERAGE INDU8TRIAL8 Thursday 945.11 Wednesday 837 40 Week Ago 928.54 H.K.HANG SENG Friday 1718.84 Thursday *****0 Week Ago... 1888.56 AUSTRALIAN INDUSTRIALS Friday 705.2 Thursday 7081 Week Ago 700 6 ALL ORDINARIE8 Frtdar 633.2 Thursday 094
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  • Page 11 Advertisements
    • 79 11 African Development Bank U.S. $40,000,000 Floating Rate Notes due 1983 For the six months 30th July, 1981 to 29th January, 1982 In accordance with the provisions of the Note, notice is hereby given that the rate of interest has been fixed at 18J per cent and that the interest payable
      79 words
    • 307 11 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? The
      307 words

  • Chief Price Chances
    • 128 12 Rises Indices B Laoaj Credit Um| HMt 1340 270 July 30 July 31 440 140 BT Indicator: *****8 *****8 Sktafri-U no 835 500 930 100 90 85 80 Industrials: ***** 822.29 Prlaia G I Hide* Hitfcitf* Finance: Hotels: 1768.08 1171.02 1813.13 1196.55 Paraaouat 820 70 Properties: Minings: 868.51 881.43
      128 words
    • Article, Illustration
      150 12 Rises Indices HL Finance 1060 U Cables TOO Dunlop Ind 8T0 Rothnuns 980 Bedford 780 SEA Lumber 270 AMD 310 E*k> Ord 870 Toog Meng 304 B Kawat 380 J P Coats 450 TDM »8 Falls MA A 430 K L Ind 590 Pan-Etec 366 180 +60 +60
      150 words
  • 687 12 LONDON, Fri. Most sectors ended slightly firmer after a quiet session today, dealers said. I At 3pm, the Financial "Times index was up 1.5 points at 527.4. V Gold shares showed net Irises of up to 200 cents and 3JS stocks also firmed, but «Canadians eased. Closing middle
    687 words
  • 40 12 AP NEW YORK, Fri. The stock market advanced this morning, continuing yesterday's The Dow Jones average of 30 industrials climbed 3.62 points to M 8.73 in the first hour. Gainers outnumbered loners by 2 to 1. AP
    AP  -  40 words
  • 558 12  -  IHBIIHI I Companies Editor: Mano Sabnani By CHOO AI LENG GOODWOOD Park Hotel has no choice but to accept shares from Malayan United Industries (MUI) as consideration for the sale of majority stakes in Hotel Malaysia (HM) and Ming Court Hotel (MC). This is because under
    558 words
  • 344 12 THE extraordinary general meeting scheduled yesterday (or shareholders of United Engineers (UE) has been adjourned to August 21. The EGM had been called to approve a resolution allowing the Joist development of UE's River Valley Road site by UE and Singapore Land. UE management gave no reaaons
    344 words
  • 198 12 HAW PAR Brothers International has added another lucrative line to its list of retailing activities. It announced yesterday the acquisition of a 60 per cent stake in Robertson, Wilson (Singapore) Ltd and Robertson, WUson and Company in Hongkong for a consideration of $1.31
    198 words
  • 391 12 Kesang Tin K Kampar Kramat Gula Perak Sentosa Chem lad S J Amal Selangor Dredg Berjuntai MBS n, I fn#fl F F F < I I I F F F I Date lact year 5/5 1T/I 17/6 NA 8/7 %n 15/7 an 14/7 24/7 Lm Net EPS <«■*)
    391 words
  • 211 12 PAHANG ClMilHltri'i IttMis to ivcnMy Into resort development appears timely la view sf Its anprofltnhle tin-mining basl-Pre-tax tosses tnearred by its parent eampaay for the Interim period ended Jan $1 amoanted to previous tarr copending period. Tbe poor reonlto were M anlaf M$lLB million.
    211 words
  • LATEST RESULT
    • 47 12 reported s 29.8 per cent fall in pre-tax profits to M$390,627 from $566,941 previously for the interim period ended June 30. After-tax profits declined by 31.4 per cent to $221,370. Tin ore output in the first half was 144,254 kilograms against 241,569 kilograms previously.
      47 words
  • 519 12 MRKEffI r ll 1 wm HOCK LOCK SIEW THE recent tie-up between Acma and Pan Electric Appliances (PEA) bears testimony to the shrewdness of the top men in both the companies. Sound business sense and years of experience must have convinced Mr Ernest Kahlenberg, the chairman of Pan
    HOCK LOCK SIEW  -  519 words
  • Page 12 Advertisements
    • 36 12 Wishing H All Our Shippers j Selamat Hari ttaya j I'Dil Fitri j From: Donf Guan Shipping (Pte.) Ltd. j Ist Floor, Ng Toow Yheo Buildino 37, Somerset Rood, Singapore 092" Td: *****41 Tlx: R*****2 Doog<
      36 words
    • 122 12 u A comprehensive book on what to eat and where to entertain in Singapore. Over 90 pages of useful information from fast food chains to dining out in style. So get your copy now. V V ft (f 1 4 i X ifl r > i t Where to Eat
      122 words
  • Page 12 Miscellaneous
    • 57 12 Outlook for Singapore from 6am to lpm today Mainly fair Beptrt tor 24 knn prtor to IJI pm m Jmly SI »t the airpart Maximum temperature 30.9 Associated humidity 73 Minimum temperature 22.7 Associated humidity 94 Hours of sunshine 7-75 Rainfall in millimetres Nil Total rainfall for the month 154.3
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  • LEISURE TIMES
    • 1090 13 COLLECTING Reading is not the only pleasure to be obtained from books. A growing number of collectors are finding that they can be an investment as well so hang on to your Chaucers, Beatrix Potters, or Thomas Malthus. But remember that you can't really wheel-and-deal in the book
      1,090 words
    • 373 13  -  WEBKEID GOURMET By SALMA KHALIK IN 9NGAPOBE, yea cm Jaat abort eat aayttriag. Bat aa lawrgst iwMw fellewed by Char Kny Tmmfl PnUi aright threw ap their haada la harver at the saerUege -Mf Me estate with hawker fee*, bat far theee «he eajey he*, aad ieat
      373 words
    • 933 13 Singaporeans have become more appreciative of Chinese porcelain. Their response to several exhibition, sales and auction of these collectibles' has been favourable. KS, however, finds the standard of auctions in Singapore generally below expectations. He shares with us some of his knowledge of Chinese porcelain. WITH the
      933 words
    • 1231 14 Sharing the secrets of his unique skills BOOK REVIEW Bjani Barg, My Life ud Game ma toM U Geae Seat* Sphere, 148 pages (Illustrated) Reviewed by CHARM AINE CHAN SO BJORN BORG has finally opened his mouth in the pages of "My life and game". An autobiography
      1,231 words
    • 261 14 TODAY GOLF: SICC: Monthly medal competitions. The 'A' medallists, playing at the Bukit course this afternoon, are qualifying for a place in the Race Course Cup competition. The New course is the venue for the 'B' medal. This is also the qualifying round for the Race Course
      261 words
    • 825 14 ■0T0RIM8 with Hermes THE SPORTS coupe has for many many years defied marketing logic and sustained itself admirably in rather adverse conditions. Even when Opec started turning its taps the other way and manufacturers started putting their brakes on fast and thirsty sports cars, compact coupes were
      825 words
    • 866 14  -  By RONALD KOW PLANS always have a tendency to sound more promising than they really are. The Football Association of Singapore's inten- tion to have a team of intermediates that will take over as the national soccer team in two years is no
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  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 442 13 WHAT WHERE Jj CONCERTS. THE Singapore Yntk Orchestra, directed by resident conductor Vivien Goh. Tomorrow at 5.10pm at the Victoria Concert Hall. Programme: string section of Grieg's Holberg Suite; wind section of Vaughn Williams' Flourish For Wind Band; Rossini's overture to the Barber of Seville and Symphony No 5 by
      442 words