The Business Times, 29 August 1981

Microfilm: NL11220
Total Pages: 14
1 14 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, AUGUST 2», IKI 60 CENTS
    11 words
  • Article
    Inflow of funds from Australia expected
    309 1 A FAIR amount of Australian investment may be diverted into Singapore once the Australians have made it clear how their new in--1 vestment rulings are to be implemented. But fund managers here will have to adopt a more aggressive approach if they are not
    309 words
  • Article
    TIME TO REFLECT
    793 1  -  Stock market slumps again COMMENT L A By THE EDITOR THE LOCAL stock market lucked stekeaiagly tower yesterday. Sabutaatial price tells were recorded across tke heard althoagh velome everall was relatively moderate. At the end ef tke day the Straits Tillies ladsstrlal index was 11.92 peiats tower,
    793 words
  • Article
    RDC's computerised weigh-bridge
    148 1 THE Resources Development Corporation (RDC) is gearing up for increased output when quarries belonging to the Housing and Development Board are merged with it at the end of this year. The government-owned RDC has installed a new computerised weigh-bridge at its headquarters in Woodlands, which is located
    148 words
  • Article, Illustration
    CONCRETE BATCHING PLANTS
    376 1 THE Resources Development Corporation is "not committed to any purchase from anybody" for five new ready-mixed concrete batching plants. And if it is necessary to set up batching plants in any of its future contract sites, the corporation will set up such plants onsite. RDC's general manager,
    376 words
  • BRIEFLY...
    • Article
      Lock icon Tin mystery
      60 1 Reuter LONDON, Fri. A mysterious buying operation which experts believe is being mounted by South-east Asian producers kept tin prices just short of record levels on world markets today. Tin prices on the London Metal Exchange (LME) steadied around £8,300 a tonne, not far short of the all-time
      Reuter  -  60 words
    • Article
      Lock icon Japanese assistance
      88 1 AFP TOKYO, Fri. The Japanese Foreign Ministry said today it will request 208,409 million yen (about US$9O6 million) for Japan's Official Development Assistance (ODA) to developing countries in fiscal 1982, starting next April. The amount represents an increase of 11.4 per cent over the ODA budgeted for the
      AFP  -  88 words
    • Article
      Lock icon Spy planes
      83 1 UPI TOKYO, Fri. North Korea accused the United States today of sending spy planes over its territory to aggravate tension and start a new war in Korea, but denied trying to down one of the high-flying SR71s with a missile. The North Koreans also rejected an American call
      UPI  -  83 words
    • Article
      Lock icon Technology transfer
      70 1 Reuter BEIJING, Fri. The American company, John Deere, has signed the first contract with China for the transfer of technology to make agricultural machinery. The contract, signed yesterday, involves the sale of a licence and technical expertise to build three models of combine harvesters. The company will provide
      Reuter  -  70 words
    • Article
      Lock icon VCRs galore
      70 1 UPI TOKYO, Fri. Japan topped the 800,000-mark in production of home video cassette recorders (VCRs) for the first time in July, the Electronic Industries Association of Japan announced today. July's production of 802,000 sets was more than double the figure for July 1980. Production for the first seven
      UPI  -  70 words
    • Article
      Lock icon Uranium supply
      64 1 UPI NEW DELHI, Fri. American refusal to continue supplying enriched uranium for an Indian atomic power plant would allow India to ignore US-imposed nuclear safeguards, Foreign Minister Narasimha Rao said today. Mr Rao, in a written report to Parliament, also said the government has taken steps to ensure
      UPI  -  64 words
    • Article
      Lock icon Hamburgers, anyone?
      60 1 UPI WASHINGTON, Fri. The price of hamburgers may soon rise at fastfood restaurants as a result of the decision by US officials to impound 17 million kilograms of Australian boneless beef. The Agriculture Department said yesterday that tests have begun to determine if the beef contains horse and
      UPI  -  60 words
  • Article
    Singapore gearing up for important role as oil trader
    244 1 SINGAPORE is gearing up to play an important intermediary role as oil trader between new refineries sprouting up in West Asia and the Far East markets. This was the main reason why Van Ommeren decided to build a major oil storage
    244 words
  • Article
    NUS may allow lecturers to practise
    511 1  -  By AGNES WEE THE National University of Singapore is looking into ways in which lecturers in the architecture faculty can be given a chance, to keep a hand in professional practice in addition to consultation work. The University discovered that architects tend to shun
    511 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      215 1 -Times Bookshops a™s MALAYAN United Industries' plans for building a hotel chain have been dealt a further blow as another of its hotel deals has hit a snag Page 12 PRESIDENT Reagan is reacting to financial market anxiety over fat budget deficits and high interest rates by requesting greater federal
      215 words
    • Advertisement
      Page 1 Advertisements Column 2
      177 1 m 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 commemorate the Company's 10th anniversary. The Irons. When it comes lo distance control and accuracy. 10 Irons meet the exacting
      177 words
    • Advertisement
      Page 1 Advertisements Column 3
      3 1 ]=`!|@-&_(>)*$|'[\%+!|+|<^.^;/_ See Pace 3
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      90 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) LeMer...page C MOMMESSIN CHABLIS 1979 The special white wine for any special celebration. I* 1979 was special year. I met you holidaying at (Cannes.'' Life still is one long vacation uith you "The French bottled a
      90 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Reagan asks for bigger cuts
      687 2 NYT PRESIDENT Reagan is reacting to financial market anxiety over fat budget deficits and high interest rates by requesting greater federal spending restraint by Congress and threatening to veto appropriations bills if Congress does not heed the call. Mr Edwin Dale, spokesman for the Office
      NYT  -  687 words
    • Article
      Lock icon NO END TO BRITAIN'S RECESSION
      101 2 Reuter FORECASTS of the three main indicators of UK economic activity offer little evidence of an end to recession. According to the latest review by the National Institute of Economic and Social Research, employment will continue to fall this year and next. Gross domestic product
      Reuter  -  101 words
    • Article
      Lock icon TRADE GAP NARROWS
      322 2 AP FALLING oil imports narrowed the United States' trade deficit to US$l.46 billion in July. Oil imports ran at an average of 5.1 million barrels a day in July, the lowest since the 1973-74 Arab oil embargo, Commerce Department officials said. The previous recorded low was 5.5
      AP  -  322 words
    • Article
      Lock icon Industrial countries face tough choice on sea law treaty
      303 2 Reuter INDUSTRIALISED eeaatries may have to cheese between remplettea el a sea law treaty sad Mr loyalty to the United States when the lMnatloa Law ef the Sea taafereaoe hsMs Ita final —tea next year. Westers delegates have •aid that West
      Reuter  -  303 words
    • Article
      Lock icon Tokyo urged to step up imports
      403 2 Reuter THE JAPAN Foreign Trade Council, organised by 13 major Japanese trading houses, has proposed to the Japanese government that Japan take immediate action to step up imports of industrial products in order to avoid trade friction. The proposal, made to Prime Minister Zenko
      Reuter  -  403 words
    • Article
      Lock icon Mysterious funds entering America
      348 2 UPI AMERICANS trying to escape high interest rates may be secretly borrowing money from oil-rich Arab countries. American officials said on Thursday that the mysterious borrowing in 1980 may have been nearly US$3O billion, a record annual amount of unexplained funds coming from overseas. The disclosure
      UPI  -  348 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      725 2 ARRIVALS Service Local Operator Number Time Proa S1A SQ201 1000 HLP MAS MH651 1000 PEN/KUL CAL CB14 1006 HLP CPA CX710 1006 HLP GIA GAfiO 1030 HLP SIA SQ103 106 KUL GIA GA906 1045 MES PAL PR501 1055 MNL SIA SQ191 1106 PEN SIA SQ240 112 MES
      725 words
    • Article
      Lock icon Texas Pacific's LNG venture in Thailand
      451 2 AP TEXAS Pacific Thailand Incorporated, an independent US-based oil explorer and producer, has announced in Bangkok that it teamed up with the PSA group of companies in Thailand to mount a multi-billion dollar natural gas liquefaction and export venture from Thailand. The resident manager
      AP  -  451 words
    • Article
      Sri Lanka reassures foreign investors
      174 2 THE UNREST in Sri Lanka Is confined to the north and has not affected foreign investments in the country as these are mainly sited in the south of the island. The Sri Lankan Minister for Land and Land Development, Mr Gamini Dissanayake, said in Singapore
      174 words
    • WORLD IN BRIEF
      • Article
        Lock icon HEARING COMPUTER
        435 2 Agencies A JAPANESE computer maker has developed a ma* chine that can "bear" Japanese words and print them. Nippon Electric said the machine, called the voice recognition system SR2OO, converts spoken Japanese syllables uttered at less than normal speed into written form when connected to a word processor.
        Agencies  -  435 words
    • Article
      Lock icon Paris to make major moves on economy next month
      496 3 Reuter FRANCE'S Socialist government is about to make a series of major economic decisions which could determine its long-term popularity and success. By the middle of next month, proposals should be finalised for the 1982 budget, described as a "war budget
      Reuter  -  496 words
    • Article
      Lock icon Algeria to barter oil for selected imports
      258 3 Reuter ALGERIA Intends to barter its crude at the official rate of US$4l a barrel in exchange far imparted predict* where large caatracts are concerned. A searee eleee to the Algerian Energy Ministry said la Algiers that pressure has beea mounting «a Algeria
      Reuter  -  258 words
    • Article
      Lock icon US to hit back if spy planes are attacked again
      515 3 AP SURVEILLANCE flights will not be stopped by North Korea's missile attack on a US spy plane. Instead, the US may shoot back or launch a counter-attack if it happens again. Presidential Counsellor Edwin Meese declined to detail what steps
      AP  -  515 words
    • Article
      Lock icon US productivity committee
      293 3 AP PRESIDENT Reagan will soon announce the creation of a US productivity committee with the aim of stopping America's industrial decline and coping with problems posed by Japan's aggressive export industries. Mr Edwin Gray, presidential adviser and director of the White House Office of Policy Development, said
      AP  -  293 words
    • Article
      Lock icon Japan may not approve higher defence outlay
      321 3 UPI JAPAN, continually under US pressure to increase defence spending, may not grant the 7.5 per cent rise in defence outlay requested by the Defence Agency. Finance Minister Michio Watanabe said yesterday that the agency's request for a US$ll.2 billion budget for the
      UPI  -  321 words
    • Article
      Lock icon Gold up but dollar down
      163 3 AP THE US dollar slipped against all major foreign currencies except the British pound in early trading yesterday but gold prices were sharply higher. Gold traded early in London and Zurich at U*****.50 a troy ounce, $12.50 up in London from Thursday's close and $10
      AP  -  163 words
    • Article, Illustration
      SHIPS IN PORT
      451 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Crystal (hauls 15m east after Djatiwangie sails) 33/34 Car Liner No 1 (ro/ro) (1300 after Berdikari) 44 Equator n (1500) 22 Hetian (after Bunga Sepang) 15/16 Kota Bin tang (after Kota Pelangi) 10/11 Lanka Sagarika (0700) 38/ 39 Maijin (0630 tide
      451 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      204 2 The oil, industry is the world's largest commercial enterprise. Its extent is globel, affecting every country. International issues from Iran to Si noSoviet relations are influenced by considerations of oil production and consumption whilst the international communications network of the larger oil companies rivals that of the majority of nations.
      204 words
    • Advertisement
      Page 2 Advertisements Column 2
      84 2 NOTICE I, ALFRED TAN HOCK SENG. NRIC No. *****73 H. Technical Sate* Manager of Gotten Service Pte Ltd. have tendered my resignation with the aforesaid company on Uth August 1181. As from Ist September 1981, I can be contacted at Mm Fw&trrtm P* Ltf, **gi|i- Tel Na. SM4IIS. I wish
      84 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      563 3 SPP LIMITED The Board of Directors wishes to inform shareholders that Agreement has been reached between the Company Mr Ong Tlong Soon, Chevelina Pte Ltd and other parties in the legal proceedings Suit No. 2651 of 1981 that it is not in the best interest of the Company that no
      563 words
    • Advertisement
      Page 3 Advertisements Column 2
      130 3 j*r. Sole Agents for: w Tap-Fittings from Switzerland KWC fittings-the standard of good living a E331 Mirrored Cabinets from West Germany The first step to a more beautiful bathroom Socakman I iAa I Shower Heads and Tap Fittings from USA Anystream shower heads, new in design and concept... backed by
      130 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      Lock icon Jakarta's rubber industry pushes on with plans
      634 4 FT INDONESIA'S natural rubber industry, badly hit by falling world market prices due to the recession in industrialised countries, is pushing ahead nevertheless with ambitious expansion schemes. It plans to nearly double the country's rubber production before the end of the decade. While
      FT  -  634 words
    • Article
      Support for rubber smallholders
      412 4 RUBBER smallholders, affected by the reluctance of some dealers in Johore and Malacca to buy low-grade sheet rubber, may resort to "defensive measures" if this situation continues. The warning came from the Secretary General of the Malaysian Association of Rubber Smallholders, Mr Mazlan Jamaluddin, who said
      412 words
    • Article
      Lock icon Danger in Thailand's curbs on palm oil
      213 4 AFP RESTRICTIVE measures imposed by the Thai government on imports of palm oil could lead to the growth of black market trade in the commodity. According to the latest issue of Palm Oil Update, published by the Palm Oil Registration and Licensing Authority,
      AFP  -  213 words
    • Article
      Steadier trend for rubber last week
      308 4 AFTER a relatively encouraging start, prices last week were briefly taken to a peak of 233 cents in Singapore and 261 cents per kilo in Malaysia for September One RSS before easing again to finish 5 cents and SM» cents per kilo respectively down
      308 words
    • Article
      WHEAT
      105 4 WHEAT futures in Chicago on Thursday closed around the middle to low side of a 4 Vi US-cent range, down 4V« to two cents a bushel in quiet trade. Lack of bullishly-con-strued news prompted local long liquidation from the start. Corn futures in Chicago on Thursday closed weak, down
      105 words
    • Article
      SOYBEAN
      148 4 SOYBEAN futures In Chicago on Thursday closed 1V« US-cents a bushel lower in nearby September, to down as much as nine cents. All positions except nearby September fell to a new season's low during the session. Trade sentiment that Wednesday's technical recovery was disappointing, and belief that recent rains
      148 words
    • Article
      Straits Tin
      100 4 THE STRAITS tin price in Penaag yesterday firmed 11 cents to M$35.32 a kilo, $15 short of the celling of $35.47 at which the bnffer stock manager mast sell, dealers said. London*» sharp overnight rise, bronght prices in line with the Penang market. The increaoe was alss aided
      100 words
    • Article
      CLOSING PRICES
      34 4 Rubber Aug 28 Singapore: Sept: 218.00 cents (down 2.00 cents) Malaysia: Sept: 253.00 cents (down 1.00 cent) Tin: Mf 36.32 per kilo (up 17 cents) Official offering: 270 tonnes (up 114 tonnes)
      34 words
    • Article
      Lock icon Indonesia's first rubber exchange
      95 4 Reuters SENIOR officials and commodity associations are giving careful study to advanced draft plans to set up Indonesia's first rubber exchange, officials said. Officials declined to give a target date for the opening, saying they are proceeding with a campaign to explain the workings of an
      Reuters  -  95 words
    • Article
      RUBBER
      234 4 RUBBER prices in Singapore yesterday closed slightly lower with September One RSS buyers quoted st 218.00 cents per kilo, down two cents from Thursday's close, dealers said. Morning prices were marked down slightly one easier London advices and final levels here on Thursday coupled with freer offerings, they said.
      234 words
    • Article
      RAS PRICES
      331 4 RAS prices in cent* per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b 107 00 308 00N Int. 1 R.S.S. September 07.00 218.00 Int. 1 R.S.S. October 223.00 224.00 Int. 2 RAS. 1KJ0 116 50N UK/Coat 193 50 194 50N Int. 3
      331 words
    • Article
      SSR and SMR
      103 4 NOON SSI 1 md SMR pncai )M Mrdmy HAS SSR 20 SSR50 ll-M palbO (1-MB pattM) (Cimw Bayar* 1 moo liuo ■bar 1 MU) 193.00N 1» SON OtUWr IhrvirOlU) inoo 1K-00N 1MU0 IK-SON SMR CV SMRL SMR 1 SMR CP SMR to U-Um HMI (ltoa pdfatl H
      103 words
    • Article
      Produce exchange
      174 4 CHINEBB Priiiee Bzckuge, Smgapare, dMtag prices per lHkg JHlnvij* CwMt «H: Bulk fob $122 sellers, old drum (in second band drum) fob $136.50 sellers, new dram fob $141.50 sellers. Cspra: Mixed (loose) 172.75 buyers. Pepper: Muntok white pepper fob AsU NLW $372.50 sellers, Sarawak white pepper faq fob
      174 words
    • Article
      TEXTILES
      195 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattea yan: China Blue Phoenix 20s 2,400; 32s 2,830, 40s 2,995 (per bale of 400 lbs). Piece feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      195 words
    • Article
      RICE
      325 4 SINGAPORE: Yesterday's closing prices in SS per Idlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.36, 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 0.75, Special
      325 words
    • Article
      LONDON MARKETS
      807 4 COFFEE: Robusta coffee futures lacked trading feature yesterday morning ending the midday call with small gains of around £4 per tonne in most actively traded contracts, dealers said. Volume of 2,012 included 21 options and 279 self trades and featured early commission house shortcovering which took values to
      807 words
    • Article
      PALM OIL
      130 4 THE Kuala Lumpur market yesterday closed unchanged despite easing from morning levels in quiet trading, dealers said. In September and October, south closed unchanged at M$865 and $860 a tonne respectively, while in September central was traded down to $860 The refined market was featureless with most dealers
      130 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      161 4 The Straits Times Directory of Singapore general business listing. The tab onvour business connection of over 5,000 names and addresses! The general business listing of the Straits Times Directory or Buku Merah (as we are also known) is a compendium of names and facts you ought to know. For instance,
      161 words
Page thumbnail Page 5
  • TRADE AND INDUSTRY
    • Article
      Local workers can rise to the occasion
      356 5 THERE is evidence that Singapore workers can respond positively to government's efforts to encourage higher productivity and better quality control. Mr Lim Chee Onn, Minister without Portfolio and secretary general of the National Trades Union Congress, cited some examples of successful quality control
      356 words
    • Article
      Additions to PTA list
      157 5 ANOTHER 750 products have been added to the list of goods under the Asean preferential trading agreements. Some of the items obtained preferential tariff rates while others are merely bindings on existing rates. With this new list, which comes into force today, the total number of
      157 words
    • Article, Illustration
      SPICK AND SPAN
      136 5 NEDDRILL 1, one of two drillships owned by the Nedlloyd group of the Netherlands, called at Singapore earlier this month when she underwent cleaning and repair work at Keppel Shipyard. She recently completed a drilling programme for Esso, off the coast of Trengganu, West Malaysia. An anchored
      136 words
    • Article
      The supervisor and his needs
      295 5 THE National Productivity Board has begun a survey on the Singapore supervisor and his training needs. Survey forms were sent out last week to about 2,000 companies employing more than 50 people each. The results of the survey are expected to be compiled by the
      295 words
    • Article
      Hard task at OUB site
      338 5 MASSES of rocks are standing in the way of contractors involved in the substructure works for the Overseas Union Bank headquarters in Raffles Place. The ground at the site, which is full of huge boulders, will have to be excavated to a depth of four
      338 words
    • Article
      PUB to raise fees
      257 5 ABOUT 1,600 households will have to pay more to have their water, electricity and gas supplies re-connected by the Public Utilities Board from next month. These are the households which are always late in paying their PUB bills. Currently, they pay $5 to reconnect each utility
      257 words
    • Article
      Anderson Digital Equipment to open regional office
      240 5 ANDERSON Digital Equipment of Australia will open a regional office here in October. The office will initially serve as a distribution base for ADE products in Southeast Asia. The products include digital equipment, computer terminals, TeleVideo products, North Star and Centronics. The company
      240 words
    • Article
      PEOPLE IN BUSINESS
      100 5 NATIONAL Westminster Bank, which intends to open an executive office for the Far East and Australasia based in Singapore, has made the following senior appointments: Mr Igitrr vaa Km, formerly general manager (South-east Asia) of Republic National Bank of New York, as senior manager. Mr Alm Pali,
      100 words
    • Article
      MEMO PAD
      515 5 SEMINABB AND COURSES Aug 3-Sep 7: Microprocessors Module 1 8060 A, Cuppage Centre, NPB Aug 12-Sep 25: Certificate in Organisation and Management of Maintenance Systems Part I, NPB Cuppage Centre, NPB Aug 15, 22, 29 and Sep 5: Wage k Salary Administration Workshop, Waterloo Centre, Personnel k Organisation
      515 words
    • Article
      Luxor acts to retain competitive edge
      504 5  -  By RONNIE LIM LUXOR Singapore, the local television manufacturing facility of the Swedish Luxor industrial group, has embarked on several projects which will ensure it stay ahead despite keen competition from Japanese producers, weak European currencies and slackening EEC demand. The project include firsttime
      504 words
    • Article, Illustration
      TRADE TALK
      586 5 CHARLES and Haatlag, aa AastraUaa maaafactarer wt pawer ti sasinl—lsa drives, has set ap a aetwark at teehaleal service centres la all five Aaeaa countries to peavide e—timers with sales service. Ttaae am <■ ceafcres are maaaged by the eampaay's reglsasl headqaartarfs la Hlagapare. Charles aad Haattag slier
      586 words
    • Article
      First tier wage rise for Times Pub employees
      255 5 ONE thousand one hundred and thirty eight employees of the Times Publishing group will receive $32 under the first tier of the 1981 National Wages Council recommendations. A Joint statement by the Times Publishing Berhad group and the Singapore Printing Employees' Union
      255 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      64 5 VICTOR MORRIS In conjunction with STATESMAN HOMES offers PERTH, W.A. 4 Luxury bungalows on about 9,000 sq.ft. of land in an upcoming residential area, 20 mins. from city. Prices range from A 560,000 to AsBs,000 Weekly rentals up to A$ 100 Special discount can be arranged for block buyers Loans
      64 words
    • Advertisement
      Page 5 Advertisements Column 2
      205 5 MAGNUM CORPORATION INTERIM REPORT TO THE SHAREHOLDERS For the Half Year to 30th June 1961 The Directors are pleased to announce the following unaudited reeutts of the Company and of the Group for the hetf yeer to 30th June, 1981: Company $*000 Group fOOO Company t-000 227,779 Group $*000 230,247
      205 words
Page thumbnail Page 6
  • Article
    Contributing to a worthy cause
    311 6 PROFESSIONALS have an important role to play in society. Those who have been fortunate to reap the benefits of education have made good in their respective professions. It is now time for them to repay society by contributing to the training of new entrants into
    311 words
  • Article
    Inflation hurting the pocket, literally
    312 6 TAILORS AND seamstresses must be delighted to hear that we are going to have more coins, and probably bigger ones too. Just imagine what a lucrative business it will be to mend gaping holes in pockets and to sew on new ones where there weren't
    312 words
  • Article
    Lock icon Economists who made a living before era of computers
    384 6 NYT INCONCEIVABLE m It may seem, ersasmlata were eanriag meaey eve» Mere the creatlca ef the cempater Mi the Hie af eeeaemetrlca. Laeidly for mei like Adam Smith, Earl Marx aad Tbersteia VeUea, history 4m set raafc their Impertaaee acestdiag to
    NYT  -  384 words
  • Article, Illustration
    Lock icon German wanderlust
    1143 6 MAJOR STRAIN ON BONN'S ECONOMY West German* account lor nearly a quarter ol all the money spent worldwide on travel. The drain on the balance ot payements worries the Bundesbank, but foreign holidays take a higher priority in the German household budget than any other item FT WEST
    FT  -  1,143 words
  • Article
    Lock icon Schweppes mania
    1028 6  -  Bv MARGARET HUGES FT "SHUWAYA Shuwaya Schweppes gayya Little by little Schweppes is coming." Despite Egyptian inability to pronounce the letter "P", so that the key word becomes Schwebbes, this phrase is on everyone's lips this summer. It is the TV advertising Jingle used to launch Schweppes* soft
    FT  -  1,028 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      632 6 I 11-OIE CBOBBWORD CRYPTIC PUZZLE ACROSS 1 Resorts to many an outburst (5) 6 Take steps with a boy at half pace (5) 9 Great ardour for religious work (T) 10 Tale from a pen or in a pen (5) 11 Point of a thorn (5) 12 Magnificent figure (5)
      632 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      21 6 BriStoW r Dickens ISN'T vr v4»CC"TO HfcVC ujmcm IN Tne PWRK. p GORPOH BLUE. »STRVIK3"IO ujfce one BPCK to Tue, F\Qon's
      21 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      694 6 tTfIJK On Depressing Pressures WHAT Mili yea da with Jack Meller, a lurihg wh by sleeplag early m mjm hexes «f taagae tedastrtaltet, wheae grawtag Satarday sights, watch the ieprenH? dtaillart—neat with Unwell ®attaee lastcad. If yea e*er laad ap wttk aai Hi qaaltty «f ttfe recalls w *j* /V"™
      694 words
Page thumbnail Page 7
  • Article, Illustration
    ARCHITECTURAL MAESTRO
    1656 7  -  "Architects must have a consistent design philosophy if they are to prevent a dissipation of their energies. A design philosophy is the rudder for the boat; it makes possible a continuing course in a meaningful direction," wrote John Portman. That philosophy has succeeded in establishing Portman as one
    1,656 words
  • Article
    Lock icon Latin America a safety valve for Japan's trade
    817 7  -  By RICHARD C HANSON FT JAPANESE traders still view Latin America as a "marginal" market (or their products, despite a mini boom in trade so far this year. It is seen as a mostly inhospitable place for investment and, above all, a
    FT  -  817 words
  • Article
    Digital postal addresses
    245 7  -  r Letter to the Editor L J S T Quah Dear Sir I agree wholeheartedly with the leader in the Business Times of August 25 1981, regarding the sign. However, I beg to differ as far as the zeros are concerned. Computers understand egalitarianism better, if I
    245 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      239 7 *f€ 1j m <?£& **1 J *<£&,* fc Vi i sfr 7 THE COMPLETE BOOK OF RUNNING James F. Fixx Quite simply the best book ever written on running and, after an incredible 77 weeks on The New York Times bestseller lists and over 100,000 copies sold in hardback, a
      239 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        176 8 AUO 77 FU abn 296 00 unch Ahold 70 JO -OJ Akso MJO unch AMEV BJOxd -12 Amfu 85JO OJ Amrobnt 53.10 0.2 Berfots Berk 22.00 42JO -1 0-2 BoU 42.90 01 BonumlJ 156J0 -OJS Burhmann 51J0 -0.4 CtJiml MJO >at Calve Delft 212.00B Dell MU mo -LI Enrvla
        176 words
      • Article
        Paris
        260 8 AUO 27 Fr» CORBEILLE Air-Liquid* 408 0.9 B 8 N Oenral* Danone 1070 -10 C 8 P (Thomson C»f) 22B.50 133 Cle Francalae de* Petroles US -0.6 CompafMe Financier* Compafnte Oenerale 290 -4 Credit Fonclef De France 339JO -03 Hachette (Ubralrle) 296 11 Machine* Bull 42 12 Mlchelln (B)
        260 words
      • Article
        Frankfurt
        195 8 AUG 27 Dm Aea-Telcfunken 5170B unch A**" 21 ao All* Laben 1X000 -IS Alls Vert 456 00 -2 BASP 14X30 0J BvHT Wbank moo 0l5 Bay Vbank mio -U Bayer ***** 1J BBC MOO -a nuw ***** Cum 11* 275-00 4 Cham Verw 284.00 Commenbank 154-50 -XI Conu Oumml
        195 words
      • Article
        Brussels
        89 8 i»WU FORWARD MARKET i* Tn 1 Aftocd 1M» unci rtrtiir BmcU 1MB -M Bni-l*mb 100D ins 146 30* -1 -B •4 -1 ssrt= Dt Pun rbei ISO -10 Eleclrobel Ob-Inno-Bm 7730 1110 -a -5 Ocv -a Hobok OB 15 Petro 4100 10 Rjrt Dutch 1410 -M Sldro 8oc Ocn
        89 words
      • Article
        Zurich
        183 8 auo n Franca Action* Sulan Almnif Br. AlunUM Ref Brown Bowl Br. Clbt Oclfj Br MO no m IK 111S -a -s -l •10 -SB Ctb* Oelo P C toe -45 Clbt Odu Ret Jftft Credit ftiilT Br 2110 ■36 Credit Sutaat R*f Elcktrowtll Br. Ocorfv Placber Br Olobu*
        183 words
      • Article
        Milan
        83 8 *****0 400 300 •10 -IX -40 unch mt >101 40 in Oco Immofe -IS -121 -1460 -1* in Prl 4230 Itaiccmenu ***** Italgw 1003 Italalder -30 HlfMll M Pf 730 Martin Bit (USD Madtob I M&X) -2300 Mondadori soo 140 Montcdm 1*15 -136 Mottt Bio OUn Ord MB -42
        83 words
    • Article
      TORONTO
      204 8 auo n C» AhlUN 2J>» SI unch Alaoma 4ft Bank Mont -H Bank No** Scou* Bell Tel 17* Betft Corp BP On Ltd I St* unch Braacan 30'* Camp Red Lake Can Imp Bk a v% Canpac 47H .n Can par ln» Pf unch Carllnc OTCeefe -H Comlnco 57
      204 words
    • Article
      JOHANNESBURG
      273 8 AUG 27 Rand INDUSTRIALS A Alpha 490 S Abcrcom AE And CI ZZ 9606 AMIC 2825B no 17® Barlowi Cf 8u|u CNA MOB 5 CurrK riiutnc* Dc Bern lnd SI -1 Edcon Ed cart HZ an ***** 100 Erereadr rod Volt HI us unch Fucit Oardlan Okenmnl Oralcmn Hippo
      273 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      672 8 -",(-<'-~(*<?=\)=*+$@;|!/!{%!|) The American Express Card serves you well, wherever good food is served". \SSSSI~m The Great Family Do-ltAburself Barbecue Ll >. V-U A Merlin Gril Spedalih From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch from
      672 words
    • Advertisement
      Page 8 Advertisements Column 2
      144 8 This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Of In I I UCKpn rWB Ox ley Rise/Penang
      144 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      Lock icon LIQUIDITY CURBS
      268 9 Reuter THE BANK of Italy acted to drain nearly 2.4 trillion lire from domestic money markets earlier this week and announced further open market operations yesterday to tighten liquidity, Milan dealers said. The markets turned highly liquid at the start of the week following expiry of an Aug
      Reuter  -  268 words
    • Article
      Lock icon Gold notes proposal
      125 9 Reuter THE AMERICAN Stock Exehaage (Amex) has filed a prniMl with the Secarities aad Exchange Csmmtastsa ftr ftwnvtl to Me pst-aad-cail spttoaa »a geld aad rilverXodaatod mtea. The Amex nU the taatrameato arc called "halltoa valae demand premteasry aetos" aad will eatitle the kMer to receive, sa
      Reuter  -  125 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        440 9 THE US dollar closed weaker against most major currencies after moving within narrow margin in quiet weekend trading yesterday. The US dollar failed to open higher against the Singapore dollar. It edged higher towards the close, however, finishing at 2.1580/90. Some banks in New York cut their broker
        440 words
      • Article
        GOLD
        222 9 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading, dealers said. They said market sentiment was underpinned by movements in US interest rates while gold prices firmed in mid-afternoon on trade demand and some shortcovering towards the close. Total sales for the day was
        222 words
      • Article
        Silver quotes
        34 9 New York 9.13B 8.8ZB 9.33S 9 02S Zurich 8.85B 8MB 9.05S 9.04S PH Than Singapore 9.10B 8.80B 9.30S 9 OOS Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.
        34 words
      • Article
        TOKYO
        141 9 THE US dollar for overnight delivery in Tokyo yesterday closed steadier at 230.65 yen compared with a 230.80 opening here, a 230.55/75 close in New York and 230.50/70 on the West Coast on Thursday, dealers said. This was weaker than the 231.40 finish in Tokyo on Thursday. Trading was
        141 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 14.02 per cent.
        22 words
      • Article
        ASIAN $
        183 9 ASIAN ASIAN currency deposit interbank rates as at close on Aug 28. US Mlan<8Mt} Off.r Hi 7 days 18 3/16 181/18 1 month 18* IS* 2 months 18* 18* 3 months 18 13/16 IS 13/16 8 months 19 IS* 9 months 187/16 185/16 12 month! 18* 18* SwFra. Dai. <IIUiU
        183 words
      • Article
        Discount
        45 9 RANGE of price» offered by discount ho—l on Aug M: Overnight: 7% Call deposits: tVi% to T% CltsiM Bsyiai 8«Ui>< 3-month Treasury bills 6* 6H 3-month Bank bills 14 5/16 14 3/16 3 months CD 121V*****3/16 6 months CD 1213/*****1/16 Source: National Discount Co
        45 words
      • Article
        HONGKONG
        132 9 THE US dollar in Hongkong yesterday held steady against most major currencies In thin late exchange trading, with most operators reluctant to open large positions ahead of the monthend, dealers said. The dollar was little changed at a late 2.4715/30 marks compared with an early 2.4710/30, and at 230.80/231.00
        132 words
      • Article
        London
        30 9 Opening quotes yesterday: US 1.8370/80 Can 2.2260/91 Cross —1.2061/55 DMk- 4.5325/75 D F1 5.0350/450 S Ft 3.9450/525 B Ft (con) 74.27/38 F FY 10.8675/875 Lit 2260.50/2266.00 Yen 423.15 424.30
        30 words
      • Article
        Treasury bill tender
        51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 31 to Sep 4: Offered: $130,000,000 Applied fer: 1288,100,000. Allotted: $130,000,000. Accepted Ms: $96.36 approximately 53 per cent and higher bids in full. Average rate «I discount on aUstmest: 6.520 per cent per
        51 words
    • Article
      Accord with Mastercard
      253 9 MIDLAND Bank Group has reached an agreement with Mastercard International of New York for an association of the Thomas Cook travellers' cheque business with Mastercard's. The agreement with Mastercard includes cooperation on cheque design to enhance cheque acceptance, identification, servicing and refunds. Mastercard, which launched its travellers'
      253 words
    • Article
      Intensity of takeover activities
      358 9 THE CURRENT rash of mergers and acquisitions in the US by major businesses is expected to continue because of a combination of economic factors, an economist at Chemical Bank said. "The current economic period holds the potential for a wave of mergers and acquisitions that could
      358 words
    • Article
      Lock icon INCREASED FRENCH LOAN?
      87 9 Reuter FRANCE'S elgit htlllea fraae di-ycv state hMi Tti earlier ttto week with a 1C.71 per eeaft eeadm, ft reeeri fer Freaeh state fciato, eeaM be tacreased te 12 Mlttea (nam, mTmM. A «piktw fer the Eee■emle Mlatotry Mid ee it Mm had heea takes te laereaae
      Reuter  -  87 words
    • Article
      NEW YORK STOCKS
      932 9 THE NEW YORK stock market on Thursday closed at its lowest point in 13 months as investors remained convinced that interest rates are not going to drop any time aopn. The Dow Jones industrial average dropped 10.18 to 889.08, the lowest point since July 10, 1980, when
      932 words
    • Article
      Restructuring of IBF courses
      907 9  -  By ALVIN TAY THE Institute of Banking and Finance (IBF) has invited its member institutions to contribute their views to the second working draft of its plan to restructure two existing courses. Business Times understands IBF plans to hold the first examination under the restructured IBF
      907 words
    • Article
      Lock icon TIME FOR CONSOLIDATION
      529 9 Reuter US FEDERAL Reserve Board approval of Midland Bank Ltd's planned acquisition of Crocker National Corp marks an end, for the time being at least, to the recent wave of major UK bank investments in the US. Analysts in London said that in the absence of any
      Reuter  -  529 words
    • Article
      OUB grants awards to three scholars
      281 9 OVERSEAS Union Bank (OUB) has awarded scholarships to three first year undergraduates of the National University of Singapore. Miss Ong Seok Leng, Mas Janet Young Yoke Mun and Mr Peter Chan Pee Teck, who are pursuing their degrees in computer science, business administration and
      281 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      261 9 Ifllki W ir~ w liMAe This excellent book is only i\V\V* .-\V .t' Xj X If) Company: iiip.iiii," 1 V ,KN. -~l Philips' ILLUSTRATED 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
      261 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1772 10 BID and offer price* officially HMd and twsiiwss In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of* 1,800 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Am (TUB 1888)
    1,772 words
  • Article
    Unit trusts
    167 10 ■NfiAPOBB urn ntun [Mnuiin- prteM tar Amf SI) The IM 2 98 The Saving* Fund 1.88 174 S'pore Prof Fund L» 1* Spor* Sec. Fund IM l.«*d S'pore Invert Fund 0 103 S'pore Equity Fund UD 1-J8 DIAMOND MOT (TORI (Ml M| in' ill" I"*"' Diamond S pore
    167 words
  • Article
    SHARE INFORMATION SERVICE
    2731 10 Gr*. Gr*» Net ni, jMt YTd P/B Vol Day lU'tU C~ W V COOO) HI* l~r SECTION ON* INDUSTRIAL A COMMERCIAL 4M 176 Acma Alcoa an 130 Allied Choc SU in B A T ao m Bata an IB Ban no an b«m» k**h an BoustMd rn
    2,731 words
  • Article
    In Kuala Lumpur
    1986 10 BID and offer price* officially 1 listed and fourinras in and re- J ported to the Kuala Lumpur Stock Exchange yesterday, < with the number of shares traded shown in brackets in lots of 1,000 units, unless other- J wise specified. I INDUmiALA J AIM (2) 1.55
    1,986 words
  • Article
    COMPANY MEETINGS
    56 10 JACK Chift-MPH Limited: AGM to be held at the Tanglin Room, Shangri-La Hotel, 22 Orange Grove Road, Singapore on Sep 5 at noon. UNITED OverMH Buk: EOGM to be held at the Board Room of the Company, 28th Floor, UOB Building, No 1 Bonham Street, Raffles Place. Singapore
    56 words
  • Article
    Heavy selling sends prices sharply lower
    766 10 THE STOCK market toeed Mttkr rsaad sf heavy •elllag yesterday m prices feU sharply mi mm Uit kitri. Seme ef the speealatlve shares which had made seme headway sa Tharaday were hadly hit. TW Straits Times ladastrlal lade* eleeed 11.« prists iewer ta tVI
    766 words
  • Article
    Sellers out in force in KL
    568 10 SELLERS dominated trading for most of the day and lowered share prices on a wide front at the Kuala Lumpur stock market yesterday. The weak close comes after Thursday's technical reaction. Poor sentiment left many blue chips with double-digit losses. Speculative stocks were also
    568 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      490 11 Alex HUp !T bwtt fi !>■ m ■■daa v rnfw CwFM DBS IMtfW E A I Pkktr Huh GEL** OI Up J 0—1 1 C Eat JCMPH KlMfW KfLMjrt KLbfMl KIMNUI (cek 8eag uSSrilh MtOHlCMf Mikjulli Malajaw»tta Nat Im 0 C B C OUB OlIE out PMBMtrte SStapHftH
      490 words
    • Article
      SCRIP ISSUES
      317 11 Company Particulars Ex Date Books Close Alex HMgs B Bay* Olwlw wjm i Ctmmt J C Bat j cMra. Rights issue of 7 (or 2 ©$1.00 per share Bonus issue of 1 for 1 Proposed bonus issue of 5 for 4 Rights issue of 1 for 3 ©$2.00
      317 words
    • Article
      Gloomy outlook for Amcol Electrical
      541 11 PROSPECTS for Amcol Electrical Industries are certainly far from bright, Judging from its dismal results last year. Unless another company comes to its rescue, Amcol will have a tough time trying to get back on its feet. In the company's latest annual report, chairman Tan
      541 words
    • Article
      Pan-El starts share ownership scheme
      235 11 PAN-Electric Industries has started a share ownership scheme for executives of the company and its subsidiaries. The plan is Intended to encourage longer service through the provision of better retirement benefitsStarting this year, the company will contribute a sum equivalent to 6 per cent of
      235 words
    • Article
      Hotel Negara scores
      89 11 HOTEL Negara has turned In Impressive unaudited results for the first six months of the year. Earnings before tax rose by 50 per cent to $795,685, compared with 1530,945 for the first six months of 1979. The higher earnings were achieved on gross sales of $2,294,627, which
      89 words
    • Article
      LATEST RESULTS
      73 11 THE PRETAX profits of Negri B—Mlaa OH Pata fell to 13.01 million from $4.93 million for the six months to June 1981. Group turnover also dropCto 18.37 million from 44 million. The directors have declared an interim dividend of 7 per cent gross (7 per cent gross), payable
      73 words
    • Article
      UEP listed on KLSE
      70 11 UNITED Estate Project* (UEP) Berhad was listed and quoted on the Kuala Lumpur Stock Exchange (KLSE) from yesterday under the properties section and on an Immediate delivery basis. Seventy-five million ordinary shares have been listed. UEP recently offered 25.5 million shares at MJ1.40 each to Malaysians.
      70 words
    • Article
      H & C worth investing in
      1068 11  - H C worth investing in By CHRIS LIM HASBBONB ft CBO6FIELD (H ft C), a London-listed stock, has been recommended for long-term investment by UK stockbroker Montagu Loebl Stanley ft Company. The main assets of H ft C are its plantations in Malaysia. Last year the group reported a 12
      1,068 words
    • Article
      COMPANY BRIEFS
      227 11 JACK Chka-MPH said the listing and quotation of its proponed one-far-four bonus issue has been approved by the Stock Exchange of Singapore (SES) and the Capital Issues Committee of Malaysia. The company's books will be closed from Sep 21 to Oct 3, both dates inclusive, for the purpose
      227 words
  • ASIAN STOCKS
    • Article
      Stocks slightly easier
      250 11 HONGKONG CONTINUING weakness on the New York, Singapore and Kuala Lumpur ex- changes prompted early selling in Hongkong yesterday. However, the market later recovered and the Hang Seng index closed only 1.63 points down at 1,672.84, dealers said. Indications of higher prices at land auctions prompted the
      250 words
    • Article
      Sydney shares weaken
      251 11 SELLERS in Sydney yesterday singled out the Ashton venture partners for special interest as the market drifted down to its lowest level of the year, dealers said. CRA slipped five cents to $3.80 and Ashton one to 1.52 on news of a dispute before a Warden's court
      251 words
    • Article
      Bangkok
      50 11 auo m Bah U THnalot Bank Bank Of Ayvdhaya a* unci Bartl Juekar Ml -i Cbaroooc Thai WU» Pint lYvM taMMI riimi Cm Carp ■U inuratuonal Intarnattonal Trust And Pu Ihhl Union Stun CMMnt m *4 Wm> City OMMBt II 13 3|> III I mil United Ttrnad m anch
      50 words
    • Article
      Lock icon Ashton denies reports of deal
      260 11 Reuter THE Ashton joint venture, Australia's first major diamond miner, has denied it is near concluding a marketing deal for its gems with the CSO (Central Selling Organisation), in which South Africa's De Beers Consolidated Mines Ltd is a major force. Newspaper reports in Sydney
      Reuter  -  260 words
    • Article
      Tokyo shares continue fall
      313 11 SHARE prices in Tokyo yesterday continued to (all sharply following the overnight decline on Wall Street. The market average fell 69.80 points to close at 7,726.59 on volume of 380 million shares. The Tokyo Stock Exchange index closed at 584.54, down 5.12. Export-orientated issues led the
      313 words
    • Article
      Manila
      83 11 THE stock market in Manila was firmer yesterday although turnover fell to 3.1 million pesos from 3.7 million, dealers said. Atlas Con B, Philex B, Phil Overseas, BF Goodrich, CDCP, Ist Phil Holdings and PLOT rose. AUG M Aco|0 J0M1 -4MH AUu OQOl A AUaa Can. a BkuIO OOM
      83 words
    • Article
      Selected indices
      52 11 FINANCIAL TIMES INDUSTRIALS Thursday 562J Wednesday 5S®-5 Week Ago MO 7 DOW JONES AVERAGE INDUSTRIALS Thursday M8.06 Wednesday WB.26 Week Ago 928.31 H.K.HANG SENG Friday 1672.84 Thursday 1674.47 Week Ago 1715JM AUSTRALIAN INDU8TRIAL8 Friday 7015 Thursday 702.1 Week Ago 712.5 ALL ORDINARIES Friday #23.5 Thursday 626.1 Week Ago
      52 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      288 11 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
      288 words
    • Advertisement
      Page 11 Advertisements Column 2
      3 11 See page 12
      3 words
Page thumbnail Page 12
  • Article
    API achieves rise of 181pc in operating profit
    313 12 ASSOCIATED Plastics Industries Bhd (API) yesterday announced a good set of results. At half-time, the group had made pretax profits of M 53.126 million compared with only $758,000 in the previous six months ended June 1980. The latest profit figure includes contributions
    313 words
  • Chief Price Changes
    • Article
      SINGAPORE
      147 12 Rites Indices H L*oi« Pin F B Uriifiton Shall 070 400 370 15 10 +8 BT Indicator: Aug 27 Aug 28 *****2 ***** Berjaatai Guthrie 735 +5 Industrials: 676.84 657.82 400 +2 Finance: 1561.30 1505.06 Acma 280 +2 Hotels: 1032.94 1015.56 Falls Properties: 740.45 719.54 Hoag Leong 1*4 M
      147 words
    • Article, Illustration
      KUALA LUMPUR
      146 12 «WAMC price* Ml heavily M the Stock Exehaage ti Tiffin yesterday, with speeaiative itoda especially Mfi. Ike Straits Times M-fchl ladex mi dm 19.M peiats to CR M wkfie the Buteeaa limes Indicator «f the day's 1« meet active stocks fell M7l pelats to fMBI. Rises Indices Renong
      146 words
  • Article
    Slightly lower earnings for Magnum
    271 12 MAGNUM Cerperattoa'a pretax pnfli ink a per eeat dip to Mil 5.43 mllltoa, tor fee first rtx miitti eadlag Jim 38 1181, tapiie bettor «alee. Graap «alee weat ap a geed 37 per eeat to $318J1 mllltoa la the first half. Magaam'a eandaga still eeme
    271 words
  • Article
    FIC ALLOWS HONG LEONG'S BID FOR HUME (FE)
    173 12 SHAREHOLDERS el Hum ladaelflia (Pte Baal) will mm reeetve Mw afler deeameat |M the takeever tt their niMay by Hang Leeag HeMlaga (HLH). Merehaat beak, Wardley Ltd ■■■■Miri yesterday m behalf tt HLH that the approval d the laveetmeat CMnmlttee tt Malayrta
    173 words
  • Article
    LONDON STOCKS
    778 12 LONDON, Fri. The first day of the new trading account saw share prices moving firmer on a broad front in moderate activity, dealers said. At 3pm, the Financial Times index was up 9.9 at 572.2. Most of the activity took place during the morning session, with gains led
    778 words
  • Article
    Inchcape pre-tax profit halved
    627 12 ■HMB Companies Editor: Mano Sabnani INCHAPE Berhad looks set to lose its grip on the highly lucrative Toyota franchise in Malaysia from Jan 1 next year. According to a carefullyworded announcement made yesterday together with its half-yearly results, Inchcape said that revised arrangements have been made
    627 words
  • Article
    MUI's hotel plan hits snag
    382 12 MALAYAN United Industries' (MUI) plans for building a hotel chain have been dealt a further blow as another of its hotel deals has hit a snag. MUI informed the Kuala Lumpur Stock Exchange yesterday that it is taking legal action against the vendors of Aril
    382 words
  • Article
    Application to lift SPP-Chevelina injunction
    309 12 THE parties Involved in the legal tussle between SPP Ltd and Chevelina Pte Ltd have applied to the High Court to have an injunction on the company holding general meetings lifted. The injunction, obtained earlier by SPP Ltd, would have prevented Chevelina from g«<ntng board
    309 words
  • Article
    Heavy extraordinary loss hits NBT badly
    249 12 NORTH Borneo Timbers (NBT), already depressed by a worldwide decline in timber and cocoa prices, was dealt a harsh blow last year. Although its consolidated gross results still show a pre-tax profit of 17.33 million ($13.86 million), a heavy extraordinary loss hit the company
    249 words
  • Article
    Lock icon Sime all the time
    632 12 mm*** by HOCK LOCK SIEW THERE was some truth in the speculated link between Sime Darby and the merged entity of Malayan Tin Dredging (MTD) and Malaysia Mining Corporation (MMC) after all. Although the transaction did not take place in the way that some had anticipated,
    by HOCK LOCK SIEW  -  632 words
  • Article
    Lock icon DOW JONES MIXED
    98 12 AP NEW YORK, Fri. The stock market was mixed this morning as traders awaited the latest Federal Reserve report oa money and credit trends. The Dow Jones average rose 3.52 points to fIBJO in the first hour. Losers took a 4-to-3 lead. The goveramment reported a 0.1
    AP  -  98 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      441 12 NEW BUSINESS OPPORTUNITIES IN THE EIGHTIES ASEAN WHAT ore these NEW BUSINESS OPPORTUNITIES? WHICH ore the GROWTH INDUSTRIES? WHERE ore the PROFIT CENTRES? This conference will give you the most penetrating first-hand assessment of the business climate in ASEAN. THE SPEAKERS Pr Vtoewte S Veidepewm Jr Dy Minister for Trod*,
      441 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 iWOTiHEfiI I. =3 Outlook for Singapore from 6am to lpm today: Thundery showers in several areas from late morning onwards. Report tor 24 hurt prtor to U pm m Aif 28 At the airport: Maximum temperature 31.0 Associated humidity 72 Minimum temperature 23.2 Associated humidity 100 Hours of sunshine 9.35
      67 words
Page thumbnail Page 13
  • LEISURE TIMES
    • Article, Illustration
      Singapore portrait
      681 13  -  SINGAPORE AND HER PEOPLE PHOTOGRAPHIC COMPETITION By LIN PIH YEN "SINGAPORE and her people" is a photographic exhibition with a homely touch. Your grandmother with more gums than teeth to show when she parts her lips may be seen smiling and laughing at you in one picture. Your
      681 words
    • Article, Illustration
      THE LITTLE EXTRAS
      669 13 The tunes may sound too familiar. But you can't deny that their melody is simple and that it grows on you. k RICHARD SEAH unwraps the Peter Low i Singers' recording of "Singapore" and finds r a package of pleasant surprises. RECORD "SINGAPORE" is a delightful record
      669 words
    • Article, Illustration
      A LOAD OFF SAAS FEE'S BACK
      616 14  -  By HYPERION WITH Siapa Rajah and the very promising Blanc sur Blanc withdrawn, the field for the Pesta Sukan Cup tomorrow lotto tailored for.Saas Fee. The seasoned Hasty Cloud gelding will feel it is a real holiday with a paltry 58.5 kilos on his
      616 words
    • Article
      YOUR WEEKEND SPORTS
      449 14 TODAY GOLF: Keppel: The 'A' and 'B' division golfers have a bogey medal competition organised for them this afternoon. Warren: It's time for the Rabbit's Trophy which is the chance for golfers without handicap to participate in a competition. However, those with handicaps between 25-27 can also
      449 words
    • Article
      KEPPEL LOCAL CIRCUIT OFFERS $7,500
      602 14  -  By CHARMAINE CHAN THE 4,610-metre par 68 nine-hole Keppel Club course will be the venue of the Keppel Local Circuit tournament (Sep 4 to 6) for the last time, as the $3 million task of remodelling it into a 18-hole 5,965 metre par 72 championship
      602 words
    • Article, Illustration
      Show appreciation
      1008 14  -  By RONALD KOW ONE is a goalkeeper, the other a forward. Each is at the extreme end of a football team's line-up. Both are the very best in the country at their peak. One decided to turn professional, the other decided against such a move. Both made the
      1,008 words
    • Article
      Lock icon Soccer players put in a pressure cooker
      336 14 AP ONE OP the nMst craclal Eaglish LMfie ssccer NiMH for ißWfci ldeks off today, wtth many qa<*tlasi Mediag to be aaivwed* The latradacttoa sf three palate far a wla Instead af twa, the drat significant ehaage la the laws far aver 19
      AP  -  336 words
    • Article
      Pesta Sukan Cup
      670 14 Runners riders and form guide for the Pesta Sukan Cup to be run at Bukit Timah on Sunday. Twelve horses will contest the 2,000 m race, with a purse of $35,000 to the winner. 1. Paltttl Gold (12) Without a win in seven outings this year the
      670 words
    • Article, Illustration
      CLASSIC LIMOUSINE
      828 14 THE DAYS of the truly outstanding cars which qualify to be labelled "limousines" have all but disappeared. This is especially evident in Singapore where the import duties and exhorbitant road tax have rendered privately owned cars of high capacity virtually extinct. Fiscal burdens aside, the pump prices are
      828 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      424 13 CONCERTS THE Singapore Symphony Orchestra Concert, with guest conductor Tham Meng Kong and guest soloist Bela Siki on the piano, will give another performance. Tonight at the Victoria Concert Hall at 8.15 pm. The programme: Mozart's Overture Cosi Fan Tutte, Bartok's Piano Concerto No 3, Fu Keng Chen's Celebration Dance
      424 words
Page thumbnail Page 14