The Business Times, 19 September 1981
1981-09-19
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The Business Times
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Title Section11 1981-09-19 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, SEPTEMBER 19, 1981 60 CENTS11 words
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377 1981-09-19 1 MOTOR vehicle owners were the main contributors to the Customs and Excise Department's coffers last year. They paid a boat $775 million la taxes on petrol, imported ears and motor cycles, and accounted for nearly 41 per cent of the department's record collection of377 words
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596 1981-09-19 1 AGNES WEE - By AGNES WEE A PROPOSAL to give Shenton House a facelift and "enhance the exterior appearance of the building" has pitched owners of the office units into two camps. Several unit owners are balking at the prospect of funding the facelift when the extent596 words
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472 1981-09-19 1 LEE YOKE MENG - By LEE YOKE MENG SINGAPORE Mint, which initiated its overseas marketing drive last year, is proving to be quite a winner. Although it has not struck gold: its one-year-old marketing effort in Europe, the US, West Asia, the Pacific and neighbouring countries472 words
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Article291 1981-09-19 1 COMPUTER education in Ngee Ann Technical College, introduced in early 1978, is currently under review by a Joint Advisory Committee on Computer Studies. Members of the committee, numbering 13, are drawn from computer companies, the Singapore Polytechnic and NATC. It is chaired by Mr Robert291 words
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BRIEFLY...
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Article121 1981-09-19 1 AFP HONGKONG, Fri. Hongkong's proposed introduction of up to 200 per cent rise in postal rates will probably set off an exodus of publishers to Singapore as a new haven. Worried members of the direct mail, printing and publishing industries today submitted another petition to the governor,AFP - 121 words
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Article83 1981-09-19 1 UPI OTTAWA, Fri. The Canadian government will discipline and possibly fire 154 air traffic controllers who disrupted air services last month by refusing to handle flights to the United States. The federal Transport Minister, Jean Luc Pepin, said yesterday that he would take disciplinary action against the controllers,UPI - 83 words
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Article101 1981-09-19 1 AFP KUALA LUMPUR, Fri. Malaysian Prime Minister Datuk Sri Dr Mahathir Mohamad has offered Malaysia's assistance towards Iran's development programme. He also pledged to further promote bilateral cooperation, particularly in fields of economy and trade. Dr Mahathir made the offer today to the visiting speaker of the IranianAFP - 101 words
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Article113 1981-09-19 1 Reuter KUALA LUMPUR, Fri. The Malaysian government is to revamp its public complaints bureau to enable people, particularly the poor, to have more direct access to the administration. The new bureau, to be brought under the direct jurisdiction of Deputy Prime Minister Datuk Musa Hitam, will playReuter - 113 words
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Article67 1981-09-19 1 Reuter WEST BERLIN, Fri. Ten hijackers who threatened the crew of a Polish LOT airliner with petrol bombs gave themselves up after forcing the plane to land here today. None of the 39 passengers and crew was reported hurt. The Sovietmade AN-24 aircraft was hijacked while on anReuter - 67 words
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443 1981-09-19 1 CHRIS LIM - By CHRIS LIM THE Stock Exchange of Singapore has identified five companies whose registrars failed to return promptly, scrip sent to them for registration or for splitting. The SES told those companies yesterday to "take immediate steps to return the new certificates443 words
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245 1981-09-19 1 THREE government ministries will have new Ministers of State on Monday. The Prime Minister has advised the Acting President to appoint Mr S Jayakumar, the MP for Bed ok, as Minister of State in the Ministry of Law and Ministry of Home245 words
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Page 1 Advertisements
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Advertisement219 1981-09-19 1 Times Bookshops aKMDS UNCERTAINTIES surrounding the Malayan United Industries (MUI) group in its Hongkong building acquisitions and its Singapore hotel purchases are clearing up Page 12 THE level of enthusiasm for a new share issue is not always the best criterion for rating the quality of a stock Page 12219 words
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Advertisement172 1981-09-19 1 This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club '10' These new-design woods and irons were created expressly to commemorate the Company's 10th anniversary The Irons. When it comes to distance control and accuracy 10 Irons meet the exacting172 words
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Advertisement178 1981-09-19 1 FOR PEOPLE WHO MATTER He said it was artificial respiration, but now I find I am to have his child." A Burgess There are many fools at a university as elsewhere But their folly, I admit has a certain stamp the stamp of university training, if you like. It is178 words
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OVERSEAS
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690 1981-09-19 2 PROTECTIONISM DEPLORED Reuter WORLD trade volume increased by only 1.5 per cent last year and may even decline in 1961 because of the weak economic performance by major industrial countries. A survey by the General Agreement on Tariffs and Trade (Gatt) said yesterday thatReuter - 690 words
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Article95 1981-09-19 2 UPI THE Pentagon says terrorists have struck a Dow Chemical Company office in West Germany, and government sources predict terrorism against US installations may increase in coming months. Thursday's disclosure of the attack on the Dow Chemical office in Dusseldorf brought to seven theUPI - 95 words
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Article394 1981-09-19 2 Reuter OUTPUT of the British economy has levelled out after falling steeply since the end of 1979, but it is impossible to be certain whether positive or negative forces will now prevail. The Bank of England said that any prolonged flat trend in output could bring greaterReuter - 394 words
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294 1981-09-19 2 UPI THE Energy *nd Commerce Committee of the House of Representatives has approved a measure that would remove certain flaaaelal advantages foreign Investors have aver Americans In the purchase of I S stocks. f The St-memher committee approved the bill oa ThursdayUPI - 294 words
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Article441 1981-09-19 2 Reuter A SERIES of government reports released on Thursday provided fresh evidence that the US economy is weakening and could be heading for much harder times than the Reagan Administration had anticipated. The Commerce Department said that the number of new houses started, considered aReuter - 441 words
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Article387 1981-09-19 2 THE Asean Trade Promotion Centre, which is expected to play a catalytic role in the development of trade between Asean and the European Economic Community (EEC), will finally open its office in Rotterdam this month. The centre, which draws financial and technical help from the387 words
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305 1981-09-19 2 Reuter DIFFERENCES are emerging among European Economic Community (EEC) governments over the economic priorities needed to rejuvenate Europe's depressed industry and reduce unemployment. EEC finance ministers meeting in Brussels were given the draft of a new medium-term economic programme for the community on Thursday. TheReuter - 305 words
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254 1981-09-19 2 Reuter SAUDI Arabia has reaffirmed that it will resist pressure from other Opec countries to raise its oil prices. Oil Minister Sheikh Ahmed Zaki Yamani was quoted by the magazines Al-Maja.lla and Saudi Business as saying: "We have reached a point on which weReuter - 254 words
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560 1981-09-19 2 NYT DESPITE the Bonn government's adoption last week of an austerity programme to curtail spending and borrowing, a strategy designed to promote more private borrowing in the capital markets, there is a growing sense of uneasiness in West Germany's financialNYT - 560 words
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Article785 1981-09-19 2 ARRIVALS Service Local Operator Number Tine From PAA PA005 0010 NYC SPO/HKG CAL CI333 0150 TPE HKG Cargolux CV796 0530 LUX DXB MCT MAS MH601 0630 KUL SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH6T1 0845 KUL MAS MH680 0940 BKI MYY KCH SIA SQ201785 words
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332 1981-09-19 3 AFP THE BUSINESS turnover of Malaysia's Fima group of companies is expected to reach MJISO million this year, according to its new chairman, Datuk Haji Basir bin Ismail. Datuk Haji Basir, who succeeds Datuk Sri Dr Mahathir Mohamad, said at a board meeting ofAFP - 332 words
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214 1981-09-19 3 Reuter JAPANESE Prime Minister Zenko Suzuki yesterday said the government plans to draft a new economic package with emphasis on measures to salvage certain industries, smaller businesses and other areas hard hit by the economic recession. Speaking at a general meeting of the JapanReuter - 214 words
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Article, Illustration455 1981-09-19 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Star (0700) 44 Barber Talisman (after Barber Tonsberg) 47 Billiton n (0600) 21 East Builder HI (1500) 22 Chai Varee (shifts after Nedlloyd Bounty sails) 3/4 Crikvenica (after Georgi Sava Rakovsky) 35/36 Golden Wonder (after Nova) 23/24 Kota Pahlawan (0700 after455 words
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540 1981-09-19 3 Reuter, AFP ONE of the ministers sacked on Thursday by Sabah Chief Minister Datuk Harris Salleh has denied that he and several other state assemblymen were plotting to topple the ruling Berjaya government. Datu Hamid Tun Mustapha, dismissed as the Minister for Culture, YouthReuter,; AFP - 540 words
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Article222 1981-09-19 3 Reuter JAPAN'S two largest car manufacturers, Toyota and Nissan, yesterday announced sharp falls in their August exports as curbs on shipments to Western Europe and the US continued to take their toll. Toyota Motors, the largest producer in Japan and number two worldwide, after General Motors ofReuter - 222 words
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325 1981-09-19 3 AP THE NEXT election is still eight months away but Indonesia's newspapers have received plenty of official advice on how to report the event. A meek press that ignores existing deficiencies is not what the government wants but coverage should be restrained,AP - 325 words
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292 1981-09-19 3 AFP PHILIPPINE Alrllaes (PAL), desperately la the red aad still awalttag a premised goverameat rollback of air fael prices far relief, Is la fsr mere had weather a threatened lahear strike. Tto alrttae'i Employees Asaiciattia prwidest, Marie Saates, said that If a strikeAFP - 292 words
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Article626 1981-09-19 3 AP THE Soviet Union called on Poland's communist leaders to take "determined and radical" action immediately against the Solidarity labour federation. The Polish government responded with a warning to the labour union that it was jeopardising Poland's independence The Soviet Communist Party and government, in aAP - 626 words
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352 1981-09-19 3 THE MCA Youth will not hesitate to strike back to prevent the legitimate rights of the Malaysian Chinese from being eroded. Chairman Datuk Lee Kim Sai said yesterday that the organised strength of the MCA Youth is ever ready to protect these rights. He352 words
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Article101 1981-09-19 3 Reuter PRESIDENT Reagan and Canadian Prime Minister Pierre Trudeau held informal talks yesterday against a background at continuing trade friction between the United States and Canada. A US Congressional committee has approved legislation aimed at making it more difficult for foreign companies, especially Canadian ones, to takeReuter - 101 words
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Page 2 Advertisements
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Advertisement202 1981-09-19 2 The oil industry is the world's largest commercial enterprise. Its extent is globel, affecting every country. International issues from Iran to SinoSoviet 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. In202 words
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Page 3 Advertisements
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Advertisement169 1981-09-19 3 The Straits Times The tab on vour business connection of over 5,000 names and addresses! The general business listing of the Straits Times Directory or Baku Merah (as we are also known) is a compendium of names and facts you ought to know For instance, if you have only a169 words
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RAW MATERIALS
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807 1981-09-19 4 THE accounts of some commodity broking firms in Malaysia are being examined as complaints of malpractices reach the ears of the Commodity Trading Council. The council has received 19 complaints so far involving losses of M 56,000 to over $100,000 each against brokers relating807 words
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Article374 1981-09-19 4 Reuter PRESIDENT Reagan said in a letter made public on Tuesday the United States will offer a large additional amount of grain for sale to the Soviet Union when US and Soviet officials meet later this month in Moscow. In a letter to SenatorReuter - 374 words
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387 1981-09-19 4 MALAYSIA will press for an increase in International Tin Council (ITC) buffer stock price ranges at the next ITC meeting starting in Kuala Lumpur on Oct 19, Malaysian Primary Industries Minister Paul Leong said. But the size of increase will be left387 words
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326 1981-09-19 4 ERRATIC conditions were experienced in a week where an initial advance of some five cents was followed by a decline to take levels down 2 1 i cents overall. Turnover was improved, whilst forward differentials altered sharply, HstMay, Cutler, Bath maid CMnpuy says in its326 words
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Article112 1981-09-19 4 WHEAT futures in Chicago on Thursday closed down four cents a bushel to unchanged in deferred September. Late local short-covering accounted for pared losses, traders said. Around midday, speculative selling in response to dried-up buying interest by a brokerage house, and following the limit decline in silver, touched off112 words
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Article154 1981-09-19 4 SOYBEAN futures in Chicago on Thursday partially recovered late on local short-covering, to close up two US-cents a bushel in spot September to down as much as six cents. Most contracts held on the minus side in response to the late partial recovery in the dollar, and following the154 words
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Article183 1981-09-19 4 CHINESE Pradaee Exehtige, Stagapm, rlMlng prifn per 1M kg yesterday. Caesaat all: Bulk fob 5113.50 sellers, old drum (in second hand drum) fob $127.75 sellers, new drum fob $132 75 sellers. Capra: Mixed (loose) $66 25 buyers. Pepper: Muntok white pepper fob Asta NLW $362.00 sellers, Sarawak white183 words
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Article193 1981-09-19 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,435; 32s 2.935. 40s 3,110 (per bale oi 400 lbs). Pteee gnfc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article333 1981-09-19 4 SINGAPORE: Yesterday's closing prices in SI per kilo, 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, Special333 words
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Article93 1981-09-19 4 THE STRAITS tin price in Peiug yesterday fell six rents to M 535.25 a kilo, still within the IT A ceiling range of $32.74 to 135.47, dealers said. Steadier overnight London advices were discounted by sterling's weakness against the Malaysian dollar and lower offerings. The decline was checked93 words
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Article34 1981-09-19 4 Rubber: Sept 18 Singapore: Oct: 225.00 cents (up 1.50 cents) Malaysia: Oct: 252.00 cents (up 0.50 cent) Tin: M 535.25 per kilo (down 6 cents) Official offering: 220 tonnes (up 16 tonnes)34 words
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Article87 1981-09-19 4 THE Malaysian Minister of Finance has fixed these rates for the period from Sep 17 until further notice: Rabber: 254H cents a kilo for RSSOne; C*pra: M 1727.50 a tonne; Palm kernel: $955 75 a tonne; Wblte pepper: $3,234 00 a tonne; Blaek pepper: 12.189.00 a tonne; The87 words
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Article811 1981-09-19 4 COFFEE: London robusta coffee futures yesterday closed around £40 a tonne higher at the end of the morning on continued market optimism over the outcome of the International Coffee Organisation (ICO) talks in London, traders said. Prices ended the final call near morning highs mostly between £36 and811 words
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Article176 1981-09-19 4 IN THE Kuala Lumpur market yesterday, prices ruled firm on the crude palm oil market on covering interest in active trading, dealers said. In the September position south and central rose Mslo each to $905 and $902.50 per tonne respectively while north was unchanged at $900. In October176 words
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Article224 1981-09-19 4 RUBBER prices in Singapore yesterday closed slightly higher with October One RSS buyers quoted at 225.00 cents per kilo, up 1.50 cents from Thursday's close, dealers said. Morning prices were marked up slightly on weekend covering interest and reserve of sellers, they said. Afternoon prices gained further ground on224 words
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Article423 1981-09-19 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int 1 R.S.S prompt fob 221 50 222 SON Int 1 R.S.S October 225 00 236 00 Int 1 R.S.S November 222 00 223 00 Int 2R.S.S 193 00 194 OON' UK Coot 1S2 00 ISO423 words
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Article128 1981-09-19 4 NOON SSR aad SMR pn. vwurdey RA8 October (Carreat Mtb) Naembar iPerwer* Mihl SSR 20 Bayera Seller* Buyer* Sellers (1 Ion pel lei i moo 1MOON 1*0 00 1*2 00N SSR SO <1 Ion palte) IM 00 IMOON moo 1SOOON mu OcuWr M SMR cv II W128 words
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Page 4 Advertisements
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Advertisement325 1981-09-19 4 PumelPs Pictorial Encyclopedia of Nature This lavishly illustrated volume containing a wealth of information in a new approach to children's nature encyclopedias. The book has been specially written and designed by experts to encourage an interest in nature by first introducing the reader to the animals that are easy to325 words
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TRADE AND INDUSTRY
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Article, Illustration155 1981-09-19 5 KEPPEL Shipyard has completed rebuilding a 20,000 deadweight tons oil tanker for the Soviet trading agency Sudoimport. The vessel, Zavety Ilicha, was put through some tests earlier this week before delivery to its owners. Keppel was contracted to rebuild the tanker several months ago after it155 words
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Article, Illustration206 1981-09-19 5 ALVIN CHOW - By ALVIN CHOW CERTIFICATION has become a very important facet of diamond investment. Don Albeck told Business Times yesterday: "I don't see why anybody who pays (20,000 for a diamond as an investment would not want a certificate." Mr Albeck is a director of Investors Diamond206 words
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Article615 1981-09-19 5 SEMINARS AND COURSES Sep 19: The Secretary as Part of the Management Team in Changing Offices, Hilton Hotel, Business Seminars/ Sterling Communications Sep 20, 27: Working with Word Processors, Business Seminars/Sterling Communications Sep 21-22: Sales Training Course, Hilton Hotel, Consulasia Sep 21-25: SWIFT International Banking Operations Seminar, Dusseldorf615 words
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Article542 1981-09-19 5 MALE students who have completed their GCE 'A' level studies can now choose to begin their national service in March instead of December. Preference for this scheme will be given to those who are likely to obtain places in the National University of Singapore on542 words
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Article, Illustration157 1981-09-19 5 BANK of America has promoted Peter R M Stratford to vice-president, head money dealer of the bank's Asia currency unit and Keuetk Tu, Bernard Fernand* and Leeag Swee Sang to assistant vice-presidents. Mr Stratford, who has been with the bank since 1968, first joined the bank's third157 words
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285 1981-09-19 5 ROBIN Information Systems has won a contract to market a newly-developed computerised hotel system. The marketing agreement was signed recently between Mr Holon Wong, managing director of RES, and Mr Tony Lucas, marketing and research manager of Marcol Computer Services, developer of the system. Known285 words
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Article293 1981-09-19 5 MANAGEMENT and union of Singapore's shipbuilding and shiprepairing industry must co-operate to overcome the effects of intense competition which the industry will face. Emphasising the importance of the human factor, Dr Tony Tan, Minister for Trade and Industry, said the quality of management, union leaders and293 words
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Article164 1981-09-19 5 A LOCAL company will be exporting its mushroomgrowing expertise to the Philippines in a few months time. The company, Everbloom Mushroom, is finalising plans for a joint-venture with a large Philippine company. Under the agreement, Everbloom will be exporting its expertise on industrial mushroom-cultivation, including the preparation of164 words
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Article132 1981-09-19 5 MORE British manufacturers are looking to Singapore and other South-east Asian countries. Reasons for the interest in South-east Asian markets are the recession in Europe, the weaker sterling, and traditional ties with countries such as Singapore, said Mr J M Murgatroyd, first commercial secretary of the British132 words
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Article354 1981-09-19 5 ITALIAN companies have sold all their 12 million worth of machinery on display at the Machine Asia '81 exhibition. Said Dr Corazzini. director of the Italian pavillion, "On the first day, four of our companies sold everything on display." The exhibition also closed a $1 million contract between354 words
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Page 5 Advertisements
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Advertisement422 1981-09-19 5 r> -j i r* i vmm -j a *HCAjA& p ■mm X AWS AT 'I'IIfANYcS rff If A $4:' ST S .r. Xi 5 QC Abrams ART BOOKS THE LANGUAGE OF GRAPHICS This dazzling collection brings together an extraordinary display of graphic design, from its early beginnings to the present422 words
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Article410 1981-09-19 6 OWNERS of units within a commercial project are not in effect the legal owners of the subdivided space if they do not possess the strata titles. Since they have no absolute ownership of the areas they occupy, there should correspondingly be no obligation for them to410 words
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Article261 1981-09-19 6 THE printing of securities and minting of coins is a business in which reputation, tradition and faith can determine the success or failure of a company. It is a business in which long established names like Thomas De La Rue and Co Ltd are sought261 words
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Article, Illustration1811 1981-09-19 6 KENNETH GOODING; KENNETH GOODING - GM has backed its "world car" project with a US$5 billion investment. The J-car is a business concept rather than a specific car. Components are designed to be interchangeable so that any GM plant around the world can produce the parts for the car. KENNETHFT - 1,811 words
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808 1981-09-19 6 ROBERT GRAHAM - By ROBERT GRAHAM FT THE Mosque gleams sugar-white in the Mediterranean sun. A fountain plays in the courtyard paved with black and white marble against a backdrop of newly planted orange trees. Everything is so new it has the neatness of an architect's maquette. Sited onFT - 808 words
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Page 6 Miscellaneous
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Miscellaneous675 1981-09-19 6 CRYPTIC PUZZLE ACROSS 4 Provides with personnel (Poles, etc) (6) 7 Attractively dressed, figuratively speaking (6, 2) 8 Fruits for which one might have a scorn (6) 10 Set out with letters to Ray (5) 13 Beg to get right in the money (4) 14 Animal of which there are675 words
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Miscellaneous843 1981-09-19 6 TV R'ADIO TAYLOR IF YOU are bare* with all the wdti mail at iwen«M iltkliMto la tawa, la fraat af the genie has. Start eft at 7J6pm with the last eplaate «f Vegas. Thto week It to "Christmas Stery". While speatiag the girtfrtead at a ski raeert, Dsn 1* rt—li843 words
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Article694 1981-09-19 7 STEVEN RATTNER - By STEVEN RATTNER NYT FOR CENTURIES, the Thames River, which twists through l,ondon as it flows from the mountains in the west toward the sea, was left to the fishing boats and cargo ships that called at the docks along its banks. Now, newNYT - 694 words
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Article108 1981-09-19 7 Dear Sir, As contributions 1« the SDF CMDf from both big and small arms, the needs of small badness should not be overlooked, otherwise we will end up with the poor helping the rich. Granted the Impact of upgrading will he more visible oo bigger108 words
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Article110 1981-09-19 7 and beginning entrepreneurs, who fit perfectly into a self-learning environment, these people being born self-driven. A wealth of recordings is readily available, aad a collection should be acquired immediately so that restructuring and upgrading ean be promoted on a wider front. While the preoent method of110 words
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Article, Illustration1015 1981-09-19 7 DAVID WHITE - By DAVID WHITE FT CHRISTIAN DIOR is one of those companies that is an image by itself. But the fashion house, one of less than two dozen big names in the Paris "couture-crea-tion" business, is now working hard to protect its name and to stop itFT - 1,015 words
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Page 7 Advertisements
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Advertisement212 1981-09-19 7 |A nn I >> > :■>» '<• atttf 4 M r J < r J r t *> V V 'J*#* ft I# <• L *5(5 p IP L* I Jf ■».< v m *v/e&i v a i V What has soccer got to do with the price of fish?212 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article155 1981-09-19 8 SEPT 17 n» ABN 296.00 -1 Ahold SB- 00 -2 AM 23J0 -0J amev 92.80 0.8 Amtu noo •1 Amrobnk MJO 0.3 Berfou Bark 22.30 31 JO I Boll 61.60 -0.4 BorxumtJ 156.50 -OS Burtiminn 45.10 unch Caiind 38-30 -0.4 Calve Delft 186.50 -01 Dell MU 10.10 -1 Ennl*155 words
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Article245 1981-09-19 8 SEPT 17 Frs CORBEILLE Air-Liquid* «1 8 B S N OeraUs Danone 11W >19 C S F (ThomsonC»f) -2 Cle Francalae des Petroles 122.50 >2 Compacnte Flnanclere Compafnle Oenerale Credit Foncler De France S17 -3 Hachette unch (Ubraine) Machines Bull MO 38J0 02 Mlchelln (B) 830 8 Parlbas Pechlney245 words
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Article94 1981-09-19 8 8 KPT 17 Fro FORWARD MARKET Acec 394 uncf ArNKl 1060 -4 KuX.ur )M 5 Bructn 906 •94 Bru-L&mb 1070 *10 C&np*c 1430 -70 Cock 146 unch De Beera 278 -4 Ebes 1190 *6 Electrobel 1646 unch Ob-Inno-Bm 1910 unch Oev 1400 unch Hofcofc 2190 •10 Fctro 4115 -9094 words
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Article200 1981-09-19 8 SEPT 17 Dm A«f-T«fcfunken IB.W -OJ Akao tO-TO -M 1MM0 10 Alls Vera BASF Bay H T Wbamk Bay Vbank Bayer BBC *50 L)0 I»T0 moo n*Jo 1M«0 *****6 unch «il 05 13 05 -1 BICW CtatUa Chem Verw Commerabank Contl Oummi Daimler-Bens Degusaa Demt| Dtutache Bank Dreadner Bank200 words
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Article186 1981-09-19 8 SEPT 17 Franca Action* Sulwn Aluwilt Br. Aluaulaae Ref Brown Bo*eii Br Clba OelCT Br. xe oio 352 1306 1100 1 15 1 IS unch Clba 0«lC7 PC no 10 Cite OelC7 Re* Credit Sulaae Br Credit Sulaae Ref Elektrowmtt Br Owrp Placher Br OlotHU Pc sai unch 2100186 words
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Article74 1981-09-19 8 Aaoc Ovn BftStOfl Central* law -in MO OBOO 5 1300 -19 nnikKr MM 1 Oen lmmot 1MB in Prt SMB -211 IIAlCCBWnU T— r*> .i ItAlUdir MlfwU M Pf Htnll! Err m w -1 map .is UlrmkilM Moodadori m 4030 -00 Montadan 100 -4 Hutu Bio Oilrt Ort CMin74 words
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Article114 1981-09-19 8 SEPT IT C» AblUbi II AJemn B» unch 46 Btnl Mont 15 Bin* Non Seoti* B*n T»i M» I'* unch fWLh Corn p4£r|SlB MO unch a>» 1 W» -IH »<• 1; f n»r B -<» Cuok In< Pf Cu-tlnc OKwh B unch M Cominro B -1* Com Bain Can*114 words
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Article283 1981-09-19 8 SEPT 11 1 Rand INDUSTRIALS A Alpha rm unci) Abrrcotn 9 AX And CI wm ft A Mir ms> -30 Bar Ion iooo unch C« Bunr \im H«» Currt* rininn m ft Dt Bam Ind unci) Sdcon 740 unch MP" WO 1700 Cvtmd; r«d voil 566 unch yuaM no283 words
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Page 8 Advertisements
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Advertisement727 1981-09-19 8 See Page 9 for NYSE prices and Page 11 for Asian stocks "The American Express Card serves you well, wherever good food is served". Cantonese style. Szecnuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure,727 words
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Advertisement228 1981-09-19 8 as good as going to Bangkok. 7K:r > tif t 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 m our kitchen Siamese Seafood228 words
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BANKING AND FINANCE
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Article209 1981-09-19 9 MITSUI Bank has stepped into the Asian dollar market again for a floating rate issue of US$l5 million. The three-year certificate of deposit, arranged between Mitsui Bank, Mitsui Finance Asia and Credit Lyonnais of Singapore, carries an interest of 0.1875 per cent above the sixmonth Singapore Interbank209 words
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Article102 1981-09-19 9 THE SINGAPORE breach st Mitral Bank has raised its prime leading aad depart rates by around li percentage poiat. The prime leading rate Is m« pegged at 15.5 per cent, compared with 15 per eeat previously. At the same time, Mitsui's deposit rates for savings accounts102 words
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MONEY AND EXCHANGES
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Article451 1981-09-19 9 THE US dollar closed easier against most major currencies but was firmer against sterling in generally thin trading. Dealers said the dollar's underlying tone is soft with a lack of market confidence in the strength of the US economy and a continuing belief that US interest rates will451 words
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Article244 1981-09-19 9 SINGAPORE gold futures yesterday closed easier compared with overnight levels in moderate trading, dealers said. Prices were marked down between US$lO.5O and $12.00 an ounce at the outset following the metal's decline in New York overnight but the market recovered marginally subsequently on some local short-covering, they said. Total244 words
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Article40 1981-09-19 9 Thus Wed New York 9.70B 10 90B 9 90S U.10S Zurich 10 90B 10.90B 11 10S 11.10S m Thus Singapore 9.75B 10 90B 9 95S 11.10S Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore.40 words
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Article182 1981-09-19 9 THE dollar in London yesterday appeared to be resuming its downward trend in quiet early trading after rallying slightly in New York from Thursday's European lows, dealers said. The dollar's underlying tone is soft with a lack of market confidence in the strength of the US economy and a182 words
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Article22 1981-09-19 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.22 words
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Article182 1981-09-19 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Sep 18. US DoUaro(Spot) Offer Bid 7 days 10 3/10 101/10 l month 10* 10* 2 months 171/10 1015/10 3 months 17* 17* 0 months 17* 17* 9 months 17* 17* 12 months 17V* 17* 8wM Dm. (NiMIt Price*)182 words
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Article50 1981-09-19 9 RANGE of prices ottered by discount houses on Sep 18: Overnight: 1% Call deposits %Xk% to TS CMif Buyinf Selltaf 3-month Treasury bills 6 5 7 4 3-month Bank bills 14 5/16 14 3/16 3 months CD 13*4 13* 6 months CD 13 1 13H Source: National Discount Co50 words
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Article110 1981-09-19 9 THE US dollar in Hongkong yesterday eased against sterling to a late 1.8285/8300 after it rose sharply to 1.8240/60 in early exchanges from New York's 1.8510/30 close, dealers said. The US dollar steadied against the Swiss franc around 1.9700/20 from an early 1.9685 9715 while the Hongkong dollar traded110 words
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Article101 1981-09-19 9 THE dollar for overight delivery in Tokyo yesterday closed firmer at 228.00 yen, compared with a 227.70 opening in Tokyo, a 227.20/ 50 close in New York and 227.25/55 on the US West Coast, dealers said. This was sharply firmer than a 226.60 Tokyo close on Thursday. Trading was101 words
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Article44 1981-09-19 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 21 to Sep 24: Offered: $135,000,000 Applied for: $216.000,000. Allotted: $135,000,000. Accepted Wds: $98.45 and above. Average rate o( discount on allotment: 6.085 per cent per annum.44 words
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Article313 1981-09-19 9 Reuter THE US government said on Thursday it will begin selling 46.5 million ounces of stockpiled silver next month to raise money to buy strategic defence materials such as cobalt. Spokesman John Babey of the General Services Administration (GSA), the agency that controls the strategic stockpile ofReuter - 313 words
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396 1981-09-19 9 Reuter AMERICAN and West German shareholders in banks threatened with nationalisation in France served notice on Thursday that they want fair payment in cash for giving up their French holdings. Although plans approved last week by the French cabinet for a state takeoverReuter - 396 words
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Article995 1981-09-19 9 NEW YORK stock prices on Thursday fell sharply as the Dow Jones industrial average slid nearly 12 points to its lowest level this year. Analysts said the market's decline reflected new signs of weakness in the economy coupled with concerns that interest rates will not decline significantly995 words
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262 1981-09-19 9 A GROUP af haakers, maaafaetaren aad earn pater specialists tram Singapore, Haagkaag, aad Malaysia will visit Japaa acxt roeath to stady the #aUae systems aaed by flaaactal lastltattoas there. The aevea day programme, sehedaled to begla aa Oct 11, laeiadea dlacasstoas aid techalcal262 words
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Article113 1981-09-19 9 CHARTERED Financial Services (Singapore) suffered a drop In its net earnings for the first half of this year. Profit after tax at the locally-incorporated subsidiary of the London-based Chartered Group slipped by 12.5 per cent from 55L3,560 for the second half of last year to $11,870 in113 words
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Article510 1981-09-19 9 Reuter EUROPEAN Common Market countries are prepared to raise their export credit interest rates in the hope of averting a threatened transatlantic credit war, diplomatic sources in Brussels said. They reached a joint negotiating staix-e on higher rates at a meeting of European Economic CommunityReuter - 510 words
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722 1981-09-19 9 Reuter SHORT-TERM money market rates could become more volatile when the major system for clearing Eurodollar and foreign exchange transactions converts to same-day settlement on Oct 1, bankers said. "Chip*", the clearing house interbank payments system, clears about 90 per cent of internationalReuter - 722 words
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Article115 1981-09-19 9 AP THE ASIAN Development Bank (ADB) has approved a US$4O.4 million loan for a hydropower protect in Malaysia and a (33 6 million loan for an irritation project in Indonesia. The Batang project in the East Malaysian state of Sarawak if aimed at providing electricityAP - 115 words
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Article80 1981-09-19 9 THE WORLD Bank has agreed to give Thailand a loan of US$l5O to $300 million (or economic development. The loan is for 10 years, with five years' grace at 10.15 per cent interest. The loan is of the type given to developing countries without oil export resources80 words
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Article54 1981-09-19 9 THE WORLD BANK will increase its lending rate for new loans to developing countries to ll.fi per cent from 10.fi per cent, effective Oct 1. Executive dirctors of the 139-natkm bank bad increased the lending rate a few months ago to 10.fi per cent. It was Si per54 words
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Page 9 Advertisements
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Advertisement252 1981-09-19 9 <! t mu n St 1 mil: lIMT ATLAS THE WORLD What makes PHILIPS'ILL USTRA 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 that is visually exciting, very readable and packed252 words
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1908 1981-09-19 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified SECTION ONE INDUSTRIAL COMMERCIAL Acma (1848 2.888)1,908 words
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Article192 1981-09-19 10 SINGAPORE UNIT TRUBT (Maaagen' prfeea for Sep 21) The Commerce 2 92 3.07 The Savings Fund 1.70 1.78 S pore Prog Fund 117 1 33xd S pore Sec Fund 1.20 2 02 S pore Invest Fund 100 1.05 S pore Equity Fund 1.25 1.31 ASIA t'NTT Tlll'BT (Managers'192 words
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Article2791 1981-09-19 10 1981 High Low Company Last Sale orGr'» Div Div Cvr Gr'» Y'ld Net P/E Vol COOO) 1 Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 350 312 420 200 470 532* 615 430 266 130 150 320 78 360 300* 322 259 Aetna Alcorn Allied Choc BAT2,791 words
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Article1974 1981-09-19 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INIHVTUALS Alcm (1 MB 158S) zrl A Ckw (1 BB 1106) (2)1,974 words
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Article103 1981-09-19 10 ALEXANDRA Htlilap United: AGM to be held at 255 Alexandra Road, Singapore 0315. on Sep 19 at noon, followed by the EOGM BUKIT Katll Kakker Estates Berfcad: AGM to be held at 22 (Upper floor of No 20) Jalan Gelanggang. Malacca on Sep 22 at 10 am. PAN103 words
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790 1981-09-19 10 TO the pleass at sarprtse sf maay laveatars the stack market eaatlaaed ta hald aa well yesterday whea ft apeaed far tradlag. With yesterday's laereaae the market weat lata Its fearth eaaaeeattve gala far the week. Baylag activity, like that sa Tharsday, was mare790 words
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Article575 1981-09-19 10 TRADING picked up considerably at the Kuala Lumpur stock market yesterday Although trading was scattered with some profittaking, values managed to close at about their day's best levels. The market opened steady on carried-over interest. Prices generally improved in the morning session. On resumption in575 words
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COMPANY NEWS
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Article, Illustration679 1981-09-19 11 SALE-and-lease back agreements, commonly found in property dealings in countries such as Australia and the US, are still considered avant-garde in Malaysia. As such, the Wisma Sime Darby project sited at the junction of Jalan Raja Laut and Jalan Broadrick may be seen as679 words
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661 1981-09-19 11 LOH YEE LIAM - Market Talk... By LOH YEE LIAM PUBLIC Buk is expected to maintain its high profit growth and in fact, to double its pretax profit to around Ms4o million in the current financial year ending this December. London stock brokerage Laurence, Prust 4 Company cites661 words
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Article443 1981-09-19 11 MALAYSIA Mining Corporation (MMC), which opened its second overseas office in Tokyo last week, could not have come to Japan at a better time. MMC's almost exclusive concern is with tin and its by-products. Japan is the second-largest consumer of tin and its use in443 words
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Article177 1981-09-19 11 LONG Tern Credit Buk af Jtyu FleiTf'i USJ25 million guaranteed floating rate notes due 1988 will carry an interest rate of 18'* per cent from Sep 21, 1981 to March 22. 1982 The rate represents the mean of offered and bid quotations of four reference banks at 17177 words
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Article626 1981-09-19 11 Carreat Ex Baaka Date TataJ far TataJ tar Payneat Date Cleae PayaMe tke year Prevtaaa A EMcrrrta* 10* I Sep 16 Sep 26 Oct 9 10* lf*<a) Alex HMgs «*<b> Sep U Sep 18 Sep 28 B katl) 20* Sep 2 Sep 12 Sep 22 40* Batk 6*1626 words
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Article310 1981-09-19 11 Company Particulars Ex Date Books Close B Rsy» Bonus issue 6f 5 for 4 Oct 2 Oct 15 Rights issue of 1 for 3 fe $2.00 per share Aug 3 Aug 14 Bonus issue of 1 (or 2 Sep 15 Sep 25 (Rights entitled to bonus) Pi|ter G310 words
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Article270 1981-09-19 11 THE KLSE has asked Palme* HeMlege to reply promptly to its earlier queries on the company's purchase of properties for development. Palmco had earlier indicated that it was acquiring 70,267 sq m of land from Hock Hin Brothers Sdn Bhd for 16.414 million. It has270 words
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ASIAN STOCKS
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Article312 1981-09-19 11 HONGKONG SHARE prices in Hongkong yesterday continued the recent slide with the Hang Seng index finishing below the 1,500 mark, 9.64 points down at 1,493.15, dealers said. By noon the index had dropped 7.71 points but in later trading the slide was offset by some bargain-hunting in312 words
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Article381 1981-09-19 11 AMBIVALENT news from WMC's Canning Basin oil programme dominated thinking as prices drifted down in quiet trading, dealers said. The All-Ordinaries index eased 3.9 points to 606.4, but selling was restrained despite nervousness on world precious metal markets and a sharp fall on Wall Street. WMC381 words
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Article75 1981-09-19 11 SEPT 18 Bahts Asia Fibre Ayuthaja In* And Trust Bangkok Bank Bank Of Ayudhajra I 230 2 Lid 153 2 Berll Jucker Charoonc Thai Wire rim Trust 46 unch Industrial Finance Corp 94 13 International Cotmeurs International Trust And Fu Rama Tower S12S 0.5 Saha Union 143 unch 8Lam75 words
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Article407 1981-09-19 11 SHARE prices in Tokyo yesterday closed slightly higher despite the sharp overnight fall on Wall Street, dealers said. The market average gained 9.30 to close at 7,548.57 in light trading on a volume of 240 million shares. The Tokyo Stock Exchange index added 0.93 to 567.96. High-priced407 words
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Article139 1981-09-19 11 THE Manila market yesterday closed mixed as commercial, industrial and mining sectors eased while oils firmed as turnover rose to 12.2 million pesos from the previous 515,000 pesos, dealers said. Basic Petroleum and Seafront were among gainers while Philex B and PLDT feU. 8EPT 18 Ptm AcoX Mlntn« OOO139 words
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Article57 1981-09-19 11 FINANCIAL TIMES INDUSTRIALS Thursday 531.4 Wednesday 525 5 Week Ago 548 6 DOW JONES AVERAGE INDUSTRIALS Thursday 840.09 Wednesday 851.60 Week Ago 882 44 H.K.HANG SENG Friday 1493.15 Thursday 1502.79 Week Ago 1533.85 AUSTRALIAN INDUSTRIALS Friday 095 3 Thursday 887.1 Week Ago 890 8 ALL ORDINARIES Friday 80657 words
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Page 11 Advertisements
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Advertisement303 1981-09-19 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? The303 words
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254 1981-09-19 12 AS SHARE prices declined further in August, the net tangible assets backing of closed-end investment trusts were correspondingly trimmed. The reduction in NTA per share, depended of course, on the performance of the shares in the portfolio of each investment trust. Compared with other quoted254 words
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Chief Price Changes
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Article149 1981-09-19 12 Rises C Sugars 1390 110 Pegi Miia 454 72 P M R I 790 70 Hon( Leong Ind 1120 50 Syn Resin* 410 50 M U I 1220 40 Berjuntai 760 40 Taiping Textile 290 26 H Leong Fin 870 25 Paramount 400 24 Apollo 350 22 Public Bank149 words
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Article, Illustration144 1981-09-19 12 THE BUYING fever at the Stock Exchange of Singapore c—led off a Utile yesterday. The Straits Times Industrial Index managed to creep op 1.28 paints to M 8.41 while the Business Times Index was up 2818 paints to 1172*. Rises Pegi 500 +90 PMRI 880 90 Malex 1200144 words
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Article248 1981-09-19 12 DESPITE a further improvement in group interim earnings, Tong Meng Industries views the second half of its financial year with "cautious optimism". In the light of "prevailing stiff market conditions and high interest rates," the company's directors are not overly excited about the full248 words
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Article108 1981-09-19 12 WISMA Palme*, the first skyscraper la Penang's exclusive millionaire's raw, Nertham Band, will he ready by mid-IMS. The 28-storey ball ding, nw under eeaotncttoo, will stand an a M hectare rite and when completed will have a total Mlt-ap ana af a boat 18,581 oq m. Casting an108 words
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Article813 1981-09-19 12 LONDON, Fri. The stock market closed lower today, reflecting the gloomy UK economic outlook, Wall Street's continued weakness and the sterling's trend, dealers said. At 3pm, the Financial Times Index was down 16.1 points at 515.3. UK government bonds showed net falls ranging to point in short dates813 words
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Article87 1981-09-19 12 AP NEW YORK, Fri. Stock prices opened sharply lower today. Trading was heavy and the stock exchange tape was running five minutes late in recording transactions. The Dow Jones average of 30 industrials was down 3.43 points to 836.66 in the first half hour. Declines outnumbered advancesAP - 87 words
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Article487 1981-09-19 12 wmm Companies Editor Mano Sihiuiu UNCERTAINTIES surrounding the Malayan United Industries (MUI) group in its Hongkong building acquisitions and its Singapore hotel purchases are clearing up considerably. MUI said yesterday that the Malaysian Capital Issues Committee (CIC) has rejected both its proposed purchases487 words
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Article522 1981-09-19 12 HSUNG BEE HWA - By HSUNG BEE HWA METRO Holdings appears to be paving the way for the eventual flotation of one of its trading subsidiaries, Transmarco Pte Ltd. Yesterday, the Metro group announced a capital reconstruction scheme which will result in a hefty increase in the issued capital of522 words
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430 1981-09-19 12 MALAYSIAN-based Bolton Properties had two sets of good news for its shareholders yesterday. After announcing that its three proposed acquisitions have been approved by the Capital Issues Committee (CJC), the company also revealed an impressive gain in its profits for the six months ended June430 words
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Article, Illustration743 1981-09-19 12 ssoecL.. by HOCK LOCK SIEW THE level of enthusiasm for a new share issue is not always the best criterion for rating the quality of a stock. Investors will remember how Marco Polo Hotel shares earned popularity and favour among small investors mainly because of their low offerby HOCK LOCK SIEW - 743 words
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Page 12 Advertisements
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Advertisement118 1981-09-19 12 il 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. ho! This book is now available at $4/- a copy at the following places: TIMES ORCHARD118 words
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Page 12 Miscellaneous
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Miscellaneous60 1981-09-19 12 Outlook for Singapore from 6am to lpm today: Showers in several areas after midday. Report for 24 hours prior to 7.3t pm on Sep 18 »t the airport: Maximum temperature 29.7 Associated humidity Minimum temperature 23.2 Associated humidity 96 Hours of sunshine 3-35 Rainfall in millimetres Trace Total rainfall for60 words
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LEISURE TIMES
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Article, Illustration633 1981-09-19 13 TSANG SAU YIN - By TSANG SAU YIN AS TRADITIONAL as Christmas is the headache that accompanies the year-end hunt for gifts, and it never seems to help even if one planned some weeks ahead. This year, Interfama, a top organiser of exhibitions, fairs and conventions, has decided to lend a hand633 words
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Article498 1981-09-19 13 MY NIGHT at Maud's (1968), the third of Eric Rohmers six moral tales, is a film about Jean-Louis, a timid engineer, who becomes convinced that a student (Francoise) whom he sees regularly at Mass will one day be his wife. But he finds it hard to498 words
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Article, Illustration1152 1981-09-19 13 SALMA KHALIK - The Preach Film Festival, which begins with a Gala sight this Wednesday, should bring another facet to the wide range of movies shown here. Inundated by films from the United States and Hongkong throughout the year, with only a sprinkling of foreign shows In the1,152 words
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Article, Illustration1008 1981-09-19 14 The sponsor's pleasure Golf sponsorship brings the sponsor into the greatest contact with potential customers, says Mr Peter Clutton, tournament director of the PGA of Singapore (PGAS). CHARMAINE CHAN, reporting on the Maruman Golf Classic 1981, discusses the sponsorship issue with Mr Clutton. A BOARD publicising the Maruma n Golf1,008 words
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Article, Illustration1067 1981-09-19 14 RONALD KOW - Singapore, as expected, did not win a single match in this year's Merdeka football tournament. Year in, year out, the Republic has not been able to field its best players for this tournament and the Football Association of Malaysia has come to accept it.1,067 words
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Article381 1981-09-19 14 TODAY: GOLF: SICC: The third round of the $42,000 Maruman Golf Classic starts this morning at the Bukit course. Carrying a first prize of $8,000 and hole-in-one prizes of a Hyundai Pony and a Maruman Big Win golf set, the Classic has attracted professionals from nine countries381 words
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Article449 1981-09-19 14 AP NEARLY 30 foreign soccer players are currently active in the English First Division as managers continue to take advantage of bargain buys from Continental clubs. Sixteen of the 22 senior clubs have at least one foreign player in their first team squad and the trend isAP - 449 words
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Article110 1981-09-19 14 Reuter THE OLYMPIC movement steads to gaia at least US$l2 mllltoa a y ear If s dlptomatie esafereaee la Nalrabi aezt week agrees to give Olympic emMems the states sf trademarks. At prescat, satlsaal Olympic eammlttees are pewerleas to stop makers ef Jewellery, laggage aadReuter - 110 words
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Article, Illustration745 1981-09-19 14 ■OTORIHB with Hermes FOR QUITE some time now, the most talked about car was the new Mazda 323, a product of the Mazda-Ford marriage three years ago. It is easily one of the best piece of merchandise to roll off Toyo Kogyo's production line to date745 words
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Page 13 Advertisements
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Advertisement132 1981-09-19 13 BUSINESS TIMES GIVES YOU THE EDGE 'CINEMA 81' September 23 October 7 R.E.L.C. AUDITORIUM 30, Orange Grove Road Singapore 1925 Tickets, at $2.50, on sale at Alliance Francaise lere p&rtie Part I Mercredi 23 6.30 pm Viens chez moi, j'habite chez une copine (Wednesday) (Come to my house, I live132 words
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Advertisement10 1981-09-19 13 BUSINESS TIMES When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous431 1981-09-19 13 r WHAT WHERE Lx__ CONCERTS THE CathaUc High Schaal Orchestra will be giving a concert at the Victoria Concert Hall tomorrow at 5pm. Conductor is Ms Yu Chun Chao. A date and guitar recital will be presented tomorrow by Thomas Pinschef and Sochem Schubert. At 8pm, at the Singapore Conference431 words
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