The Business Times, 26 September 1981

Total Pages: 14
1 14 The Business Times
  • 12 1 BUSI NESS TIMES M.C.(P) No. 107/1/81 SATURDAY, SEPTEMBER 2S, 1981 60 CENTS
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  • 401 1 ONE OF the main ingredients for a successful shopping centre is a key tenant and a good tenant mix. Mr Edward Prentice, manager of Asian Appraisal, a property consultant firm, said at a property seminar yesterday that a key tenant in the form of
    401 words
  • 200 1 THE tripartite National Productivity Council (NPC), which will spearhead Singapore's productivity movement, met for the first time yesterday. Speaking at NPC's inaugural lunch, Minister of State (Labour) and chairman of the Council, Dr Wong Kwei Cheong, reiterated the need to increase productivity. "With unemployment no
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  • 516 1  -  By AGNES WEE PROPERTY prices, which have dropped by more than 20 per cent in some cases from their peak a few months ago, are likely to fall by a further 20 per cent before prices bottom out. This is the view of Mr Edward
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  • 465 1  -  By SIOW LI SEN WORKERS in Singapore are not as productive as their Dutch counterparts because of historical and physical differences rather than laziness or bad work attitudes, said Peter Politiek, managing director of Van Der Horst Ltd. He said productivity of workers in the
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  • BRIEFLY...
    • 74 1 Reuter KUALA LUMPUR, Fri. Malaysia's Defence Ministry will investigate alleged irregular instant-food purchases which cost the government an extra US$4OO,OOO, a Parliamentary Public Accounts Committee spokesman said today. The committee questioned Defence Ministry officials on the purchase of a Msl million worth of instant noodles in the East
      Reuter  -  74 words
    • 110 1 Reuter TOKYO, Fri. Japan is not currently planning to remove the 4 per cent duty levied on imports of Malaysian palm oil, Kazuo Wakasugi, director-general of the Ministry of International Trade and Industry's (Miti) Trade Policy Bureau said today. On Sep 2, Malaysian Primary Industries Minister, Datuk
      Reuter  -  110 words
    • 111 1 UPI TOKYO, Fri. The president of TOA domestic airline, Mr Isamu Tanaka, said his company has reversed an earlier decision to cancel the purchase of three widebodied jets it ordered from the European Airbus Industrie consortium. Mr Tanaka said that TOA will ask the France-based European aircraft-maker to
      UPI  -  111 words
    • 105 1 Reuter LONDON, Fri. Opinion polls today predicted Denis Healey would defeat left-winger Tony Benn for the deputy-leadership of Britain's divided Labour Party on Sunday. The vote will decide the future course of the opposition party after months of acrimony between its right and lef-wings. Four polls published
      Reuter  -  105 words
    • 92 1 Reuter JAKARTA, Fri. Four foreign companies have won parliamentary approval to start coal mining operations in Kalimantan (Indonesian Borneo). They signed agreements with the state coal mining company and are now awaiting presidential approval expected next month. The companies are a consortium of Arco Coal Co and Utah
      Reuter  -  92 words
  • 252 1 WITH three schemes underway, the Skills Devel•pmeat Pud C*ucU is MW ready to latradace a f earth. Bmdttem Timet aaderstaids that the aew scheme will provide graat? to eempaaies which argaalse evereeas stady mlaHawever, the SDF will sahridtoe ap to aaiy Si per eeat
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  • 430 1  -  By WANG LOOK KEAH COUNTRIES in this region should form a council of directors of civil aviation (DCAs) to take a collective stand in the interest of their national flag carriers. This was advocated by the chairman'of the board and the president of
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  • Page 1 Advertisements
    • 205 1 ifiies Bookshops METRO intends to bid for the leased Orchard Square site.. Page 12 DBS Land has raised its authorised share capital from $80 million to a massive $300 million Page 12 HEALTH services should not be paid for entirely by taxes. They should be paid by the individual, his
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    • 178 1 Ml This includes Olympic competitivt 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 to distance control ana accuracy. 10 Irons meet the exacting
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    • 3 1 Lwto page C $*:^):$*}"$.{|,:>-[*.!:}:`>['=;
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    • 89 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) Leader page < MOMMESSIN CHABLIS 1979 The special white wine for any special celebration. 1979 was special year. I met you holidaying at Cannes.'' Life still is one long injcation with you The French bottled a
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  • OVERSEAS
    • 908 2 TELLS AMERICANS TO BE PATIENT NYT PRESIDENT Reagan, trying to save his goal of a balanced budget by 1964 despite weakening Congressional support, proposed on Thursday night an additional US$l3 billion in spending cuts and |3 billion in increased taxes for fiscal 1982.
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    • 315 2 Reuter THE Japanese government has presented an extraordinary session of the Diet (Parliament) with legislative proposals for reforming the administration and pulling Japan's public finance out of what has been described as a two-decade-old mire. The proposals include a bill changing 36 laws in
      Reuter  -  315 words
    • 460 2 Reuter FEARS of worsening inflation, spreading trade protectionism and continued high interest rates dominated speeches at a gathering in San Francisco of some of the capitalist world's powerful and prestigious business and industry officials. The four-day conference, which began on Thursday, assembled some 500 senior executives from
      Reuter  -  460 words
    • 588 2 Reuter FRENCH President Francois Mitterrand has reaffirmed his commitment to the Atlantic alliance but said France would not take orders from either the Soviet Union or the United States. Mr Mitterrand set out the principles of France's new foreign policy while defending the record of
      Reuter  -  588 words
    • 282 2 NYT AMERICA'S consumer price Index (CPI) climbed 0.8 per cent In August with housing costs accounting for more than half the increase, the US Labour Department reported on Thursday. The results, while containing some mildly unsettling data on food and clothing, are nevertheless broadly in line
      NYT  -  282 words
    • 174 2 Reuter THE Parliamentary Secretary of State at Bonn's Economics Ministry, Mr Martin Gruener, has said that Japan's pledge to restrain exports of cars to West Germany seems to be taking effect. Mr Gruener said that monthly export figures for new Japanese cars have fallen against comparable 1960 figures
      Reuter  -  174 words
    • 284 2 NYT WEST German government and industry officials have voiced regret and bitterness over the decision by US Secretary of Defence. Caspar Weinberger, to trim a US$477 million French-West German missile system from the United States military budget. They also feel that it is a setback to efforts
      NYT  -  284 words
    • WORLD IN BRIEF
      • 441 2 Agencies INDONESIA should get a jump on competitors by developing its frog fanning to take advantage of an increased demand for frog legs, a delicacy served in restaurants across the world, Mr Sutadi, the head of the National Agency for Export Development, said. In 1978, the world demand
        Agencies  -  441 words
    • 289 2 Reuter MEASURES aatllaed by PraMeat Reagaa m Hiinday alght are aailkely to dispel Wall Street scepticism »ver the ability mt Ma ecaae mle ptiidet to brlag dawn laterat rates mm. Ft—rial aaaiysts said this is sa despite the fact the maves reiafarce Reagaa'a
      Reuter  -  289 words
    • 274 2 Reuter DEVELOPING countries have rejected proposals by European Economic Community (EEC) countries on a new international textile pact and have insisted on improved access for Third World products in Western markets. Addressing the Textile Committee of the General Agreement on Tariffs and
      Reuter  -  274 words
    • 762 2 ARRIVALS Service Local Operator Number Time From CAL CT814 1005 HLP CPA CX710 1005 HLP GIA GASO 1030 HLP SLA SQ103 1045 KUL GIA GA906 1045 MES PAL PR501 1055 MNL SIA SQ191 1106 PEN MAS MH681 1130 KUL MAS MH682 1135 KCH RBA BI423 1200 BWN
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    • 555 3 Reuter THE battered London stock market resumed its slide yesterday and most other world share markets also fell as President Reagan's budget cuts failed to boost business confidence in his economic policies. Analysts said the $13 billion cuts for next year had been widely
      Reuter  -  555 words
    • 351 3 THE Malaysian government will stop issuing temporary licences to foreign shipowners by the end of the year to ensure that the domestic shipping business is kept in Malaysian hands. Deputy Transport Minister Datuk Abu Hassan Omar said yesterday the government is steadily implementing the
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    • Article, Illustration
      429 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baliwag Dos (1500) 19 Crystal Star (0600) 23/24 Cherry Manis (1500 after Cherry Jaya) 28 Dongjoo (Tanker) (0700 subject gas free, P/O, after Feng Qing) 15/16 Kisaragi Maru (1500) 29/30 Kao Mu (2300 after State of Himachal Pradesh) 46 Thomaseverett (0400) 44
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    • 189 3 AFP NIPPON Electric Company (NEC) of Japan has announced plans to sell in three years three types of what it claims to be the world' most precise industrial robots for assembly lines. The company said delivery of the robots will begin early next year with
      AFP  -  189 words
    • 130 3 AP A micro-computer system created by three English schoolboys in a garden shed In their spare time should bring in £1 million in the next 12 months, says the company marketing it. Kahtan Kibasi, an electronics engineer and a director of the company, 3D Digital Design and
      AP  -  130 words
    • 452 3 SUGGESTS REVIVAL OF CFTC MALAYSIAN Finance Minister Tengku Razaleigh Hamzah delivered a scathing attack on those industrial countries which have adopted inward looking policies without regard to the larger interests of the world and the serious consequences for the poorer countries. In an oblique reference to
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    • 339 3 AFP THE Philippine Association of Securities Brokers and Dealers Incorporated (PASBDI) has proposed a graduated tax structure to replace the capital gains tax imposed on profits realised from the sale or exchange of shares of stocks. The association presented its position to Prime Minister Cesar Virata
      AFP  -  339 words
    • 225 3 Reuter JAPAN will oppose any move by the United States and the European Economic Community (EEC) to raise interest rates by 2 per cent on officially-supported export credits. Japanese government officials said yesterday that the subject will be raised at the Paris meeting
      Reuter  -  225 words
    • 164 3 Reuter THE Japanese government is studying a proposal to build up a national stockpile of 22 rare and strategic metals, including molybdenum, nickel, chrome, tungsten and silicon. Trade Ministry officials said that the ministry's advisory body, the Primary Product Committee, feels the stockpile is necessary
      Reuter  -  164 words
  • Page 2 Advertisements
    • 296 2 CORPORATE FINANCE EXECUTIVES I Private Investment Company for Asia (PICA) an international financial institution with a network of offices in several key Asian countries invite applications from qualified and experienced candidates to join its specialist team of corporate finance executives. Members of the team are involved in numerous challenging and
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  • Page 3 Advertisements
    • 237 3 Wbrkl Maritime Day 1981 y* Si N r*+i y S*. Vv- 'Jl J J •'v 1 1 r .1 u V #L' t i i.L. Y V?r r<i Vv ft- r* >-' r Keep the world's oceans in bloom! MISC believes that professional maritime training leads to safer shipping and
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  • RAW MATERIALS
    • 800 4 NYT THE Congressional farm bloc and the army of commodity lobbyists who have been so generous to its members showed signs of battle shock recently as the Senate finally passed, 49 to 32, a new four-year agriculture bill that kept an expensive safety
      NYT  -  800 words
    • 319 4 THE bear mood predominated the rubber market last week as prices continued to decline a further nine cents, largely influenced by easier conditions in London and lack of new orders. Turnover was moderate as selling was fairly well absorbed by short-covering demand. H*Ud»y, Cmtler, Bath
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    • 648 4 MALAYSIAN rubber producers met again in Kuala Lumpur on Thursday morning to discuss the implications of the abolition by Indonesia of its 5 per cent export duty on rubber, and the correct way to respond to the move. Committee members of the National Association of Malaysian
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    • 178 4 CHINESE Pradsee Exchange, Stagspare, cMag price* per IMkg yesterday. Cmnml ail: 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 $367.50 sellers, Sarawak white pepper
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) C*tua yara: China Blue Phoenix 20s 2,445 32s 2,950, 40s 3,100 (per bale of 400 lbs). Pleee gasds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 326 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.33, 100 per cent second class 1.13, 100 per cent third class 1.08, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.75, Special
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    • 190 4 Reuter CONSULTATIONS between International Coffee Organisation (ICO) producing countries on the distribution of 1981/82 (October-Septem-ber) export quotas achieved a breakthrough following agreement by Angola to declare a shortfall of just under two million bags. ICO producer delegates said. This shortfall, added to 600,000 bags
      Reuter  -  190 words
    • 76 4 THE STRAITS tin price in Penang yesterday rose two cents to M 535.42 a kil®, five cents belew the ceiling of $35.47, dealers said. He rise followed the steady London close and strong support from influential buyers. Japan, the US and local buyers were noted at this level.
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    • 34 4 Rubber; Sept 25 Singapore: Oct: 215.00 cents (up 0.50 cent) Malaysia: Oct: 245.00 cents (up 0.50 cent) Tin: M 535.42 per kilo (up 2 cents) Official offering: 225 tonnes (down 5 tonnes)
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    • 139 4 WHEAT futures in Chicago on Thursday closed with pared losses, down one to 2 J US-cents a bushel in thin trade. Late local short-covering following the partial price recovery in corn and soybeans took prices off day's lows. However, lack of fresh bullishly construed news restricted speculative demand all
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    • 235 4 RUBBER prices in Singapore yesterday closed slightly higher with October One RSS buyers quoted at 215.00 cents per kilo, up half a cent from Thursday's close, dealers said Morning prices were marked up slightly on covering interest and forward demand. Afternoon prices were quietly steady but the market steadied
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    • 361 4 RAS prices In cenU per kilo yesterday: r*Voa. (I* Buyers lot 1 R.S.S prompt f.o.b. 211.00 lot 1 R.S.S. October 215 50 lot 1 R.S.S November 214.00 lot 2 R.S.S 182-50 UK Coot 181 JO Int. 3 R.S.S 175.50 UK/Coot 174.50 tat. 4 R-S.S IT0.50N UK Com 1S9 50
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    • 128 4 NOON SSI I and SMR pncaa ymi erday HAS SSR 20 SSR SO (1 tor pelieti (1 toe pellet! October (Carreat Mtk) Buyer# Sailer* 176-00 178.00N 174 00 *****N Noveaber (Forward Hit) Bayer* Seller* 17(00 178.00N 174.00 17«OON MBKLB SMR CV SWR L SMR 5 SMR Gf>
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    • 634 4 COFFEE: Robusta futures yesterday finished the morning firm, up £70 from Thursday night's close. Dealers said the market was given a sharp boost by Thursday night's agreement on distribution at export quotas at the ICO talks in London and initial gains were around £50. The market finished £T1
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    • 216 4 SOYBEAN futures in Chicago on Thursday edged further off new contract lows in late trade, ending up UScent a bushel to down two cents. Active purchasing of November by a brokerage house triggered local shortcovering, accounting for pared losses in nearbys and forcing thinly traded middle positions to the
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    • 134 4 THE Kuala Lumpur palm oil market yesterday closed mixed on lack of buying interest in quiet trading, dealers said. October in the north rose M 52.50 to 1912.50 a tonne and central up $10 .to $905 while the south region dropped $2.50 to $905. In September, north was
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  • Page 4 Advertisements
    • 194 4 The oil industry is the world s largest commercial enterprise. Its extent is global, 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.
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  • TRADE AND INDUSTRY
    • 595 5  -  By RICHARD SEAH "Our business is the creation of machines or methods to help find solutions to the increasingly complex problems of businesses, government, science, space exploration, education, medicine, and nearly every other area of human endeavour." IF YOUR corporate strategy is worded something like
      595 words
    • 437 5 IN SPITE of the current uproar over the sale of residential properties in Perth, Australia was yesterday promoted as a good place for property investments. But Mr lan Handley, director of Geo M Hume (NSW) Pty Ltd, said there is a general feeling among Australians, particularly
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    • 421 5 LEBLOND Makino Asia Pte Ltd, an engine lathe manufacturer, announced yesterday that it will computerise its operations in Singapore. At a contract signing ceremony at the Shangri-La Hotel, the company purchased a $500,000 HewlettPackard computer system from Singapore Computer Systems Pte Ltd, and signed
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    • 291 5 SINGAPORE Airttees iH Aerafarmattea, i rabsldkn •t Alrhas Mutriw, have •greed la principle te set up a tralalag MshNi here far flight tad Dttatenaee staff tram SIA aad ether AriaPacific alrttaea. The regleaal flight tralaa eeatre at Paya Lehar he aperattaaal la Jaly aezt year,
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    • 347 5 THE Industrial Arbitration Court ruled yesterday that Pacific International Lines (PIL) has to implement the full 1981 NWC recommendation of $32 plus 10 per cent for seamen under its employment. Delivering the court's decision, the court deputy president, Mr Tan Lian Ker, said it
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    • 171 5 THE Far Eastern Freight Conference has announced that the currency adjustment factor for Malaysia and Singapore of 9 per cent, which was fixed on Aug 16, will be increased to 13 per cent on Sunday. This follows a sharp increase of more than 4 percentage
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    • 519 5  -  By LEE YOKE MENG HEALTH services should not be paid for entirely by taxes. They should instead be paid by the individual, his employer, his savings and CPF, and his insurance. This was the hard deal by Mr Goh Chok Tong at the Singapore
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  • Page 5 Advertisements
    • 99 5 frr tTTTTT ■m 5 t V v- WW I c '1 v El 0 0 The master chefs from the Hugo's Restaurant of Hyatt Regency Singapore are world renowned for reaching the heights of culinary excellence. But now they've even surpassed themselves. Because from 1 October to 31 October they'll
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  • 418 6 GETTING TOGETHER to negotiate as a group has much to recommend. Major business and political gains have been achieved through such grouping for either a general or specific objective. It is quite conceivable that if countries in the region come together to negotiate a common stand
    418 words
  • 236 6 ENVIRONMENT and upbringing have a significant role to play in the moulding of attitudes. Indeed, Mr Politiek made a valid observation when he attributed the lower productivity of Singaporean workers in relation to their Dutch counterparts to historical and physical factors. History and background of individuals are
    236 words
  • 369 6 DESPITE all that has been said and written about Singapore Apparel '82, the event comes across as essentially a charity show to raise funds for the Association of the Educationally Sub-normal. The idea of modelling clothes made in Singapore belongs to a caring
    369 words
  • 1282 6  -  TSANG SAU YIN assesses the aftermath for participants of Apparel '81 TSANG SAU YIN WITHOUT overstating a common sentiment, Singapore Apparel '82 has aroused a great deal of interest in this little community of ours. But initial euphoria must give way to more sober thoughts. What has
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  • 330 6  -  Letters to the Editor FOO MENG TONG Administrator Skills Development Fund Singapore 0409 Dear Sir, I refer to Ike letter "Small baslaess needs SDP suppart" by Farce Five, paUkhei la Budmtm Timet ea Sep 19. Tke BDP Is always eaasetoas sf the seed to reach •at
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  • 517 6  -  CHIA BOON PIN Ag Secretary Mrtrlcatien B»*ni Dew Sir, I refer to your editorial dated 9 Sep 81. As early as 1974, the Metrication Board had predicted that there would be a labour and material shortage in the building and construction industry in the foreseeable future, and recommended
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  • 228 6  -  FAILPLAY Dear Sir, "Be Reasonable Y* letter in Business Times of Sep 17 makes such unreasonable assumptions of his own that it should not be left unchallenged. Firstly, he feels that "the decision on this deposit is a rightful one." No doubt it is, but what is under
    228 words
  • Page 6 Miscellaneous
    • 657 6 I -11-OIE CROSSWORD CRYPTIC PUZZLE ACRO6B 4 Food for South African chaps? (6) 7 Holes, of course? (8) 8 Dopey enthusiast? (6) 10 Put one's foot down (5) 13 Is deceptive in a number of ways (4) 14 Of which gardeners see a lot (4) 15 Payment possibly a lot
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    • 20 6 Bristcw: fraaklkcfcens Hef-JOST look out T v4e*e— Bright Blue. skics SuNSHin£.. pmC> exKD'S SONG Fills *Ps thosc molV pi^ci^! Jggjp^
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    • 575 6 George Brummell the beau MEET Beaa BrmmmeU la toalght's mMalght me vie. Gewge Bryu BrmmmeU, call "Bcm" Hi ■Mill, wu MM ti the IDMt eetaarfal •ad nalnvenlal flgmres ef lttk eeatary Pighd He wu fameaa tar Ma (Headship wttk tke Prlaee ef Wales (wke later beeaae Klag Geerge IV) sad
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    • 162 6 Weather Forecast 7.11 Daily Digest T.tS Thoughts For The Day 7.J1 On The Sunny Side Ml News ft.II Radio Patrol 8.15 On The Sunny Side I.M Today's Diary followed by Prog Summary and The General Paper II.N Thirty Minute Theatre IMI Alistair Cooke U.M News-In-Brief lIM Small Talk (Live) lt.M
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  • 628 7 THE DEPUTY Grand Chancelier of the Fraternity of the Chaine Des Rotisseurs, Mr Robert Baty, was here last Wednesday to induct 13 new members of the organisation, including a local Chinese chef of Apollo Hotel. The function was a black tie affair at the Shangri-La Hotel's Grand Ballroom,
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  • 362 7 THE WORD akaJ In Scandinavian meutt "to toast". It Is also the name of a dab that had Its origins In Paris in 1132, but which has now branched oat to Include elnbs In more than 451 cities throughout the world and 24, Mi members. In 1132,
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  • Article, Illustration
    948 7  -  Zealous drive and unselfish dedication The food and beverage section is one of the most important aspects of a hotel's operations. RAY ANG meets the man responsible for running the Mandarin group of restaurants. He also reports on two exotic world clubs whose members specialise in roasting and
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  • Page 7 Advertisements
    • 137 7 11 M ■4w 4.v-. V 1 I Hi r ll«l« MR mmhm| *»»»■•>- jSsy' fIK~- stitch in time could mean not missing out on a good estment. Whether you are a tailor, a doctor, an architect or a law- you need to be kept well informed to maximise returns your
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 177 8 SEPT 24 Fll ABN m oo -1.5 Ahold 80J0 -0.8 Akao 21.70 -as AMEV 90 30 -l Amfas 85 S0 unch Amrobnk 52.80 -OJ Beraou Berk 19J0 29 006 unch Bo Is 8000 -0J BorsumlJ 148.00 -1 Burhmann 46 80 -01 Caland 35 80 -1J Cal*e Delft ***** -07
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      • 246 8 SEPT 24 Fr« CORBEILLE Alr-Uqulde us -3 B S N Oenrals Danone 1140 -30 C S F (Thomson r*f) 356 -5 Cle Francalae de* Petroies lie -5 Compagnte Financier* Compagnle Generale Credit Foncler De France 317 -1 H ache tie (Ubralrte) MO -2 Machine! Bull 39.9b -0 06 Mlchelln
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      • 91 8 SEPT M rn FORWARD MARKET Ae«c Arbed Ajtur Braactn Bru-L&mb Canpcc Cock n* Rwri Ebei Electrobel Ob-In no-Bm o«» Hobo* P>t*n Rjrl Dutch SUJro Soc Oen Belt Sofln» Sol»*jr A Tanka 11 liln V Mont M iaao 946 M4 loao 1535 138 m iaao no iaao A 400 2196
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      • 199 8 SEPT M Dm Aef-Telefunken 53.® Ak*> IS JO -a? All* Leben 1360 00 unch A1U Ven 441 00 -4 BASF 135 00 Bay H T Wbank 114.30 Bay Vbank m oo -21 Bayer 1X00 -IJ BBC M0 00 -U BMW ***** Cuw Ilk B0 00 2 Chcm Verw *****
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      • 177 8 SEPT M Praaca Action* Sulaaa* Alusulaac Br AJuaulaar R*f Brown Borrrl Br Ctba 0«*7 Br Ota OattT P C aba Otter R«t Credit Sulw Br Credit Burnt R*t Elektrowatt Br. Oaor«a Plachar Br Olobua Pc Hrr P' M3H Mb 360 IMS ion ■86 531 mo m *360 610 337B
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      • 76 8 SEPT M Aiboc Oen Buvofl On Ml* rm ruukJer UJ» mfao *4110 M +7 SOD »4I« 1000 4« 0«n lmmob 14W 00 in pvt UMI 190 IUlc*m»nU ***** 1300 lUOfM m W«P 100 -1 HNM MirtianM 'r&c isoo 174(0 *400 Mondadorl Monudzn 4730 -SO 103 4-4 1010 *00 >400
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      • 201 8 SEPT M C| AblUhJ Alcan -1 Alfoma o-> unch Bank Mont B S Bank Not* Bcoua MH unch n»i: t»i it)» u. B*th Corp BP Can Ltd Braacan E Camp Red Lakr M Can Imp Bk 11 4-% > H \H Canpsr Canpac In* Pf IH Carting OKnrt S
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      • 284 8 SEPT M Rand INDU8TRIAL8 A Alpha 00 -10 Atwrrom ♦42 unch AJ[ And CI 9TC -10 AliiC mo -100 Barlow* 1033 -22 r f H t n r 1190 25 r^A Currw Plntnc* TO unch n» Imh vm MO unch its unch Edfmrv MOOS unch trgrtady r«J Volt 510
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  • Page 8 Advertisements
    • 226 8 The American Express Card serves you well, wherever good food is served". V 1 55J535: *1 Snacks for your island treks ML I -m Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef k Bun Pack Lunch Open: Monday Friday 10,00 a.m. 6.00 p.m.
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    • 149 8 vlmkm JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. < )/wn ,hih: L' n<«>n .V /> m t > >(I Ji tm /<) >1 >[i rn f < >r rcst'rratK >ns rail /3/*-)()/ f<S\. A C t nliii N r.u k Slicr.iiun.S i >| >< >r<' V
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    • 188 8 @?`+.[>=`:.|(<:(>&>`;*_\'_^*!=. lIVI Klst\ I K Bet« trc von fk aw ;i\ t« foreign lands <. lu\ k-in vour then sock out the H\e C "ontinentv Restaurant. Relax in intimate anJ wine anJ dine on rlu- hum »u;vrh international v inline \ou\ e e\er taMed. Lunch 1J noon > pin Dinner
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    • 164 8 Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. |S§| HMDN MTERNATIONAb SMGAPORfc Where The World N At
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    • 137 8 \V Y. :A —^T.. This is Thai Seafood at its authentic bast So fresh. it could hava Dean aiiva 15 minutes before coming to your table It was An enormous variety ol succulent seafoods expertly preparad by Thai chats in our kitchen Siamese Seafood Restaurant a wpcwpn IXTB Onlay Risa/Panang
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  • BANKING AND FINANCE
    • 238 9 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading. Total sales for the day was recorded at 75 lots while kerb volume at 107 lots with interest spread over the months from October 1981 up to April 1962. Prompt closed stronger at U*****.00 455.00
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    • 38 9 n«n Wt4 New York 9.44B 9 90B 9 64S 10.10S Zurich 10 02B 10.25B 10.22S io.es Tkaag Singapore rrl 9.55B I1U1 9.90B 9.75S 10.10S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore
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    • 121 9 THE US dollar for overnight delivery in Tokyo yesterday closed at 227.80 yen, compared with a 228.00 opening ia Tokyo, a 227.70/228.00 Sose in New York and 57.90/228.10 on the US West (toast on Thursday. I-This was easier than a 228.10 close in Tokyo on Thursday. /-Trading was a
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    • 834 9 i* OPT 24 uss Industries 36 unch Sct> 4 1jM IM>h Sean Alumln Allegheny Lad Attled Ctaem Cp *Mled Stores 24* 36* 40* 25* -ft -1* AMls-Chalmers Akimhao An.er Am Airlines Am Brands Inc An Broadcast Am Can Co 18 28 unch unch 12* 34* 30 31*
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    • 124 9 THE US dollar in Hongkong yesterday fell back against most major currencies in late trading following early advances, dealers said. The dollar was sold as a result of book squaring ahead of the weekend, they added. Sterling changed at $1.7930 50 and the Swiss franc at 1.9625 45 to
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    • 39 9 Frankfurt exchanges opening quotes on Sep 25: US 2.2975/90 Stg 4.12/13 Can -1.9226 56 D F1 89.90/90.04 S FY 117.24/45 Lit —1.973/79 F FY 41.82/90 N Kr 38.84/91 B FY (con) 6.104/126 B FY (fin) 5.581/591 Yen 1.0094/110
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    • 475 9 TRADING on the local foreign exchange market remained erratic yesterday, especially in deutschemark and yen. In a thin market, the US dollar strengthened against most major currencies. Against the Singapore dollar however, the US unit had a weaker showing. Opening at 5J2.1250 60, the US dollar settled at
      475 words
    • 51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 28 to Oct 1: Offered: $120,000,000 Applied far: $191,850,000. Alleged: $120,000,000. Aeeepted Mds: $98.36 approximately 23 per cent and higher bids in full. Avenge rate d j—l ea alletmeat: 6.270 per cent per
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    • 22 9 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 14.6 per cent.
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    • 189 9 ASIAN ASIAN currency deposit Interbank rates as at close on Sep 25. 7 days US Dollaret Spot i Offtr b5T 14 3/10 141/10 1 month 10* 10Mi 2 months 16*. 10H 3 months 10H 6 months 17* 17* B months 17 5/10 17 3/10 12 months 17 3/10 171/10 8win
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    • 44 9 RANGE of price* offered by discount houses on Sep S: Overnight: 7* Call deposits: to T% Closing Boring Soiling 3-month Treasury bills 6* 6 3-month Bank bills 14* 14* 3 months CD 13* 13* 6 months CD 13*« 13* Source: National Discount Co
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    • 78 9 finish in London. THE dollar in London yesterday began the last day of an active trading week slightly below Thursday's close both in London and in New York, but a shade above levels reached in late Hong Kong trading yesterday morning, dealers said. President Reagan's spending cuts announced on
      78 words
    • 380 9 THE internationalisation of the yen is unavoidable, said Japanese Finance Minister, Michio Wa tana be But the ministry will try to limit its effects. However, he declined to detail what concrete measures would be taken other than to say the development would not be "artificially" hindered. The ministry's
      380 words
    • 351 9 THE ARAB Reinsurance and Insurance Group (ARIG) will take up 10 per cent of the insurance covering the operations of the US$l.6 billion United Arab Shipping Co. The decision was made after a recent meeting in Kuwait between ARIG officers and representatives of a consortium of Gulf insurance
      351 words
    • 128 9 US REFINED silver stocks increased to 2.6 million ounces at the end of August from 2.3 million at the end of July and 1.6 million a year ago, the Silver Institute reported. In its monthly report, the Institute said US refined silver production eased to 10.1 million
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  • Page 9 Advertisements
    • 498 9 #1 2* and rewarding l companion FOR THE BUS* EXECUTIVE s*ZJ> a I y> »A* v WWtffiiV)* dT% «4 >V V' *.;.;<_. *k«» v» »*■<** >■» M W«» l t Vfc vvwv'* *•> ,v n Y«- v« vk-» v t \>> k t"" -,•> k > v"' V- ">* m>
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  • 1702 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 (2.855) (1)
    1,702 words
  • 197 10 SINGAPORE I MT TR18T (M«—fr»' prim tar Sip a> The Commerce 2 88 3 03 The Savlngi Fund 166 1.74 S pore Prof Fund I X l.Sxd S pore Sec Fund 1J0 2 00 S pore Invest Fund 0 98 103 S pore Equity Fund 1.24 1.30 ASA
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  • 2804 10 Gr"» Gr's Net 1981 Last Div Div Y'ld P/E Vol Dav High Low Company Sale +or- C'vr COOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 494 266 Acma 285cd 1 14.5 3.2 5.0 101 2 285 280 Alcom 144 4.8 10 31 24.8 350 130 Allied Choc
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  • 1915 10 BID and otter 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 IMH'STBIALS trai (J.«OS) cd AJeaa (1 408 1 SOS) (5) I SO
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  • In Hongkong...
  • LATEST RESULT
    • 68 10 reported an audited net attributable profit of M 57.42 million (19.95 million) for the year ended June 30, on a turnover of $33.04 million ($37.46 million). It has declared a final dividend of 10 per cent gross (15 per cent), making a total distribution of 20 per
      68 words
  • 773 10 THE BTOCK market eased slightly yesterday aa hargala haaters gave la to sellers. Speealatlve reenters regarded small galaa. When the market >peaed far tradlag, seatlmeat amaag lavestora waa mixed. Same raaaters started hetow their everalght eleslag levels aad ethers ahave. Bids aad aflers amaag
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  • 557 10 THE KUALA Lumpur stock market closed the week on a mixed note yesterday after' some slow but steady buying interest in afternoon trading offset earlier losses. Volumes continued to fall. The slight improvement came after an easier start following news that the Hongkong market managed to
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  • COMPANY NEWS
    • 562 11  -  Market Talk... By CHRIS LIM SEMBAWANG Shipyard is an attractive investment at its current price said Associated Asian Securities (AAS), a local broking firm. AAS said Sembawang is at present diversifying into ship management, ship-own-ing and other marine-relat-ed industries and that the move is timely because of
      562 words
    • 235 11 IN SPITE of severe dumping by overseas aluminium extruders, Sigma Metal Company achieved a better performance at half-time. This apparently has raised directors' expectations of results for the full year. In its report for the six months ended June 30, Sigma directors said they
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    • 634 11  -  By HSUNG BEE HWA HARRISONS Malaysian Estates (HME), plantation subsidiary of the Harrisons and Crosfield group, expects some difficulty in maintaining its previous level of trading profit in the current year. Its group pretax profit was sliced by a quarter to £23.2 million in
      634 words
    • 375 11 GROUP unaudited results at Setron (Malaysia) Berfaad showed a 30 per cent fall in turnover to MsB.3 million and a loss of $1.88 million for the six months to June 30, 1981 (compared with a profit of (544,000 previously). The loss was largely expected by the company
      375 words
    • 102 11 Reuter US SECURITIES and Exchange Commission (SEC) chairman John Shad has asked members of the securities industry to take stronger steps against the release of inside information. In a speech prepared for delivery to the Investment Association of New York in Washington on Thursday, he said
      Reuter  -  102 words
    • 342 11 GENERAL Lumber (Holdings) Bhd, which earlier forecast a group pretax profit of M 52.5 million for the current year following its acquisition of Sawit Oil, has revised the figure to $1.8 million because of poor overseas demand for the group's products. The revised figure
      342 words
    • 335 11 Cempaay Date li ut Fall Yrmr Perted Auwwj Net EPS Gtm Pre-tax Last year (eeato) mv. Prsflt Sentosa Chem Ind Hwa Hong New Serendah Carlsberg Peg! Msia Nanyang Supreme Plant Sigma Metal Gen tings I I I I I I F F I I 8/7 9/7 29/8 29/8
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    • 648 11 THE ANNUAL report and accounts of the Malaysian Multi-Purpose Cooperative Society Bhd (KSM) were passed without comment or change on Thursday, despite strong reservatons expressed by the Malaysian Cooperatives Registrar. Senior officials of the Multi-Purpose group of which KSM is a major component said the
      648 words
    • 312 11 INCREASED sales volume has given Carlsberg Brewery Malaysia another good start this year an almost 50 per cent upturn in pretax profit to M 58.73 million for the first six months to June 30,1981. The profit was made on the strength of a 24
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  • ASIAN STOCKS
    • 200 11 HONGKONG SHARE prices in Hongkong yesterday recovered after recent sharp falls, with early buying support persisting through much of the day, dealers said. The Hang Seng index gained 28.32 points to end at 1,351.01, but was off from its 1,356.56 at the end of the morning session.
      200 words
    • 358 11 A COMMITMENT by President Reagan to cut the US budget by another US$l3 billion in 1982 got a lukewarm reception on market as the All-Ordinaries index dropped another 5.1 points, dealers said. The index, which fell 10.8 points on Thursday on predictions of an imminent collapse on
      358 words
    • 54 11 FINANCIAL TIMES INDUSTRIALS Thursday 489 1 Wednesday 4M8 Week Ago 531.4 DOW JONES AVERAGE INDUSTRIALS Thursday 835.14 Wednesday 840.94 Week Ago 840.00 H.K.HANG SENG Friday unav Thursday 1322.99 Week Ago 1493.15 AUSTRALIAN INDUSTRIALS Friday unav Thursday 687 4 Week Ago 895 3 ALL ORDINARIES Friday unav Thursday 589
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    • 71 11 8EPT 25 Pcaoa A cox Mtnin> AUa* Con A AUu Con B. 0042 2X00 -0 000 -03 OoM gEiSS CDCP 0032 SO 10 400 »ooo unch unch unch >P*nlo B, 1225 0 00! •ttrlnduqu* B Ortont&l A e«o •<1 unenUJ a Phil Owrnti PhUe* A aw -OAS -0 001
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    • 119 11 STOCK prices in Bangkok yesterday closed mixed with losses outnumbering gains "> quiet trading dealers said. Bangkok Bank fell two baht to 230 and Industrial Finance Corp dropped 1.50 to 96.50 while Thai Farmers Bank rose two to 228 and Rama Tower rose 3.50 to 54.75 baht. SEPT 23
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    • 419 11 PRICES in Tokyo yesterday recovered sharply and the market average virtually pared all of its heavy loss of 123.60 points incurred in the first hour to close the day down a marginal 0.97 at 7,363.06, dealers said. The initial decline, extending Thursday's 128.93 point fall, induced buying on the
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  • Page 11 Advertisements
    • 217 11 NOTICES TS NOTICE OF REMOVAL BBC BROWN BOVERI With effect from Ist October 1981, our new address will be: BBC Brown Boveri (S.E.A.) Pte. Ltd. BBC Complex, 8 Pandan Avenue, Jurong, Singapore 2260 Tel: *****11 Telex: BBCSEA RS *****/***** Cable: BROBOSEA f MALAYSIAN FEEDMILLS LIMITED x (Incorporated in the Republic
      217 words

  • 721 12  -  By SIOW LI SEN METRO will bid in the open tender for the leased Orchard Square site at Orchard Road. And if the retail group is successful in the tender, it has every intention of developing the site itself, said Metro's managing director, Jopie Ong.
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  • 375 12  -  By KOH TSE YING THE property arm of Development Bank of Singapore, DBS Land, has taken a further preparatory step towards a public listing. The banking group yesterday announced that DBS Land Ltd (formerly known as DBS Properties Investments Pte Ltd) has raised its
    375 words
  • Chief Price Changes
    • 140 12 Rises PMC 476 50 Public Bank 725 45 M U 1 1180 40 F E Uviifitoa 580 30 Pari Maia 454 30 Hong Laoag lad Pacific De* 10TO 850 20 20 8ya Realm 410 20 PK1I 740 15 Palmco Hhl(« 280 15 8pore Fodder 234 14 Falls C Properties
      140 words
    • Article, Illustration
      123 12 Rises Syn Resins 464 Guinness 850 PacDev 740 PMC 515 Pegi 500 P Bank 800 HLInd 1200 +54 +50 50 48 +40 +35 +30 Falls D Keramat 1300 SgBesi 790 l&lex 1170 Tronoh 1050 C Sugars 1370 U 0 Land 340 -120 -no -eo -40 -30 -24 Indices
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  • 59 12 SAN Heldlags Bhd has been queried by the KLSE on its purchase of Bandung Realty and Tacoln Development (M) Sdn Bhd for a total consideration of $12,011 million. The KLSE wants to know the expected effect of the purchase on the net asset backing per share of San
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  • 716 12 LONDON, Fri. Renewed selling in an unwilling market today, caused a fall of 13.9 points at 475.2 in the Financial Times 30 share index, amid feeble technical rallies, dealers said. Gold shares were mixed but with an easier bias while North American issues closed lower. Closing middle prices
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  • 92 12 AP NEW YORK. Fri. The stock market opened this morning unimpressed with President Reagan's latest budget proposals and prices fell sharply in early trading. The Dow Jones average tell another 9.04 points to 825.10 in the first half hour Declines quickly took a 5 to 1 margin
    AP  -  92 words
  • 242 12 Companies Editor: Mano Sabnani THE first half of this year proved to be more difficult than Malaysian Feedmills had anticipated. Expecting to maintain profits at least, the feedmill group actually plumed into the red at half-time amid higher costs, poor market and increased financing charges.
    242 words
  • 95 12 EABT Asiatic Cmnpaay (M) BM reported an unaudited group profit after tax of M 58.23 million ($ll.Ol million previously) for the six months ended June 30. Turnover was $148.6 million ($139.1 million). Earnings per share came to 10.97 cents (14.68 cents). The parent company made a profit
    95 words
  • 136 12 PEGI Malaysia MM Is to dtopese TMjm Asks Is Electrical sad AIM latetries Beted (EAI) which represeat 2S per mat at the eqslty ef EAI tor a cash eiaridersttos «f $UM mil Um, eqalvsleat to a pries ef SS.7I per afcare. The esariderattoa was
    136 words
  • 34 12 JACK Chl« Eate«prises (Malaysia) Bhd has announced that with effect from Sep 1, the registered office of the company will be at Lot 14, Jalan 225, Section 2DA, Petaling Jaya, Selangor.
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  • 282 12 THE recent dawn raid by Permodalan National Berhad on Guthrie Corporation has apparently triggered off amendments to the rules governing large share acquisitions and takeovers on the UK* stock market. THE London-based Council of the Securities Industry (CSI) has announced that with immediate effect,
    282 words
  • 261 12 ABOUT 34 per cent of Isetan Singapore's 4.5 million public share offer issue will go to those who applied for lots of 1,000 shares. This group will form the largest proportion of public investors in Isetan. A total of 1.518 million shares will be alloted to them.
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  • LATEST RESULTS
    • 161 12 saw a drop in pre-tax income to M 523.49 million from $27.47 million for the first half of this year. Income after tax was down to $13.18 million from $14.51 million. The lower income resulted from a decline in the intake of crude oil
      161 words
    • 74 12 profits of Kaa- daag TaajMg Paa Campaay BM dropped to M 5786,159 from $1.01 million for the first six months of this year. Total net proceeds from rubber sales, FFB sales and cess refunds amounted to $1.69 million compared with $2.06 million the previous interim. The' production of rubber
      74 words
    • 120 12 made a pre-tax profit of M$U.39 million for the year ended June 1981 compared with $14.29 million previously. Profit after tax amounted to $5.84 million compared with $6.2 million the year before. The tax rate was a lower 47.4 per cent against 59 per cent the
      120 words
  • 135 12 Perth Ptaatatteas has indicated that there will be 110 change in the net asset backing of Perils shares as a result of the proposed purchase of shares in Barlow Plantations Barlow's issued capital will be $153,324 million on completion of the transfer of estates and investments from the
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  • Page 12 Advertisements
    • 192 12 NEW MUSCLE FOR ASEAN BUSINESSMEN Times Conferences will give new muscle for ASEAN businessmen in their top level international conference on 'New Business Opportunities in the 80's: ASEAN' CAN THE ECONOMIC BOOM LAST? ANY SAFEGUARD FOR BUSINESS? WHERE TO INVEST NOW? WHAT ARE THE OPTIONS? WHAT DOES USA OFFER? WHAT
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  • Page 12 Miscellaneous
    • 55 12 Outlook for Singapore from 6am to lpm today: Generally fair. Report for 24 hoars prior to 7J# pin Sep 15 at the Airport: Maximum temperature 3L5 Associated humidity Minimum temperature Associated humidity Hours of sunshine •"2.55 Rainfall in millimetres otfo Total rainfall for the month 0 2 3 Total rainy
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  • LEISURE TIMES
    • 1150 13  -  There is many a tale about Berchtesgaden about its goblins and princesses, about its mountains and lakes, about The Sound of Music. LEE YOKE MENG tells her story. LEE YOKE MENG IN BERCHTESGADEN, you don't count by the mile. You go, more precisely, according to the
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    • 329 13 ONCE upon a time, only the princes and their royal kin were allowed into the salt mines of Berchtesgaden. But nowadays, tourism has broken down the walls of this strict ruling, and the Treasure Vault of the Rupertiwinkel, as this ancient salt mine
      329 words
    • 119 13 TAKE ft pedftl-beftt on the crystal-clear Hlnterwe ud be the temporary recluse, «drift in one of the quietest aad finest spots in the Alps. Alternatively, there's the Koaigsee which has remained as uspoiit and fascinating as before. lie mountainous range looms by the sides of the lahe; eleetrle
      119 words
    • 838 13  -  FILM REVIEW By SALMA KHALIK ONLY the French can do this! Take a thoroughly complex emotional quagmire, add to it an attempt to re-enter society, and yet treat it so naturally, and it neither degenerates into a tear-jerker nor becomes too intense. In Ua Mmvslb Fib, we
      838 words
    • 311 14 TODAY: GOLF: SICC: The annual Singapore Golf Association vs Malaysian Golf Association match, styled in the just-completed Ryder Cup format, will occupy the Bukit course from Bam. There will be four four ball best ball matches played today. The SICC Senior Golfers tournament, postponed from last week,
      311 words
    • 831 14  -  The annual Singapore Golf Association vs Malaysian Golf Association match begins this weekend, without the participation of Jimmy Stewart. CHARMAINE CHAN here introduces you to the rest of the team. CHARMAINE CHAN SINGAPORE'S chances of winning the annual Singapore Golf
      831 words
    • Article, Illustration
      867 14  -  j& >» tn SALMA KHAUK TAKE a trip through the time tunnel, back 400 years to the time when Joan of Arc was burnt at the stake. Joan of Arc's impact on the world went beyond religion, beyond the good she wrought for her country. A little country
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    • 150 14 AFP ALTHOUGH the CUaa-New Zeaiaad World Cap football match m Itimby light ended la a M draw, thlags in Beijtag were Mt u dill as the resalt might saggest. Of Mane, the mere excitiag eveata teak place befare the Butch. like all ardeat soccer followers, teas ef
      AFP  -  150 words
    • 529 14  -  PETER WONG THE boats were thrown away and so were the gondolas that used to provide the grand decor in the Lost Horizon, Shangri-La. In its place, the Shang offers a million dollar disco lounge, recreating Samuel Taylor Coleridge's Xanadu a place of pleasure where the fun
      529 words
    • 876 14  -  By RONALD KOW SO WHERE the Football Association of Singapore (PAS) failed in arranging for a Malaysia Cup final "return match", the Singapore Malay Football Club (SMFC) almost succeeded in getting a replay of the Sultan's Gold Cup final at the National Stadium. Whatever the
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  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 477 13 WHAT WHERE > CONCERTS THOSE who missed the Singapore Symphony Orchestra's presentation of Beethoven's Fidelio yesterday will be glad to know that a second performance is scheduled for tonight. Local guest singers are Yeoh Siew Lian, David Lim and Lim Yau. Other singers are Florin Farcas, Mariana Stoica, Pompeii Harasteanu
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