The Business Times, 3 October 1981

Microfilm: NL11299
Total Pages: 14
1 14 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, OCTOBER 3,1181 60 CENTS
    10 words
  • Article
    Mahathir confirms 'avoid UK' report
    568 1 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad has confirmed a report in the Malaysian Business Times that all government ministries, departments and statutory agencies in his country should look to alternative suppliers for what they now buy from Britain. Arising from this directive, all
    568 words
  • Article
    Let's wait and see, says Rees
    306 1 "LET's not get too uptight, let's wait and see," ju the reaction of visfcg British Trade Minister, Peter Rees, regarding Malaysia's singling out of British companies. Mr Rees was caught totally off-guard by Malaysian Prime Minister Datuk Seri Mahathir Mohamad's statement yesterday that all
    306 words
  • Article
    Maize glut expected
    536 1  -  By WONG AI KWEI THE Singapore maize market appears to be heading towards another glut with the conclusion of various agreements to buy more than 600,000 tonnes of the grain from Thailand during the next 12 months. The relatively small market, which consumes between 300,000 and 360,000
    536 words
  • Article
    Stockfeed producers deny allegations of overpricing
    495 1  -  By! SALMA KHALIK SINGAPORE stockfeed manufacturers have denied allegations that they are overpricing their products. Companies contacted by Jhmjnen Timet say prices of stockfeed have always reflected the price at raw materials. In the past, as a rough rule of thumb, (or every 10
    495 words
  • BRIEFLY...
    • Article
      Lock icon More jobless
      93 1 UPI WASHINGTON, Fri. The unemployment rate Jumped to 7.5 per cent in September, the highest in five months, with joblessness among blacks hitting a record high of 16.3 per cent, the US Labour Department reported today. The overall unemployment figure for September was 0.3 percentage points above August's
      UPI  -  93 words
    • Article
      Lock icon Japan's GNP
      59 1 UPI TOKYO, Fri. The Japanese government has revised the nation's gross national product growth in fiscal 1981 downwards from the original 5.3 per cent to 4.7 per cent. Officials said today that the cabinet council on economic affairs has also changed the official current account forecast from a
      UPI  -  59 words
    • Article
      Lock icon Commodity taxes
      46 1 AP JAKARTA, Fri. The Indonesian government has imposed new taxes, ranging from 5 to 20 per cent, on 75 export commodities. The new taxes were imposed following a government decision to adopt a new system called the "custom cooperation council nomenclature system (CCCN)". AP
      AP  -  46 words
    • Article
      Lock icon Taiwan's reaction
      78 1 Reuter TAIPEH, Fri. Taiwanese Premier Sun Yun-Suan today attacked Beijing's latest peace overture to Taiwan as malicious and said the struggle between the two sides was between nationalism and democracy and tyranny. The nationalists were not struggling for power or territory, he said, adding: "Millions upon millions of
      Reuter  -  78 words
    • Article
      Lock icon Sole of Awacs
      98 1 Reuter JERUSALEM, Fri. Israel said today it would continue to oppose the sale of advanced American radar planes to Saudi Arabia despite a call by President Reagan for it to stop interfering in US affairs. Israel is firmly opposed to the proposed sale by the US of
      Reuter  -  98 words
    • Article
      Lock icon Fertiliser plant
      48 1 AP JAKARTA, Fri. A contract for construction of the Iskandar Muda fertiliser plant in Aceh province at the northern tip of Sumatra was signed here today. The US$3BO million project is scheduled to be completed in three years to produce 570,000 tonnes of urea annually. AP
      AP  -  48 words
    • Article
      Lock icon Suzuki for Seoul?
      60 1 UPI TOKYO, Fri. Japanese Prime Minister Zenko Suzuki may visit South Korea around May, 1982. Announcing this today, a parliamentary Vice-Foreign Minister, said Tokyo and Seoul have to rfiOTigs the economic aid problem in detail before reaching agreement. South Korea has requested US$6 billion in economic aid
      UPI  -  60 words
  • Article
    Four more banks raise their prime
    475 1  -  By ALVIN TAY DEVELOPMENT Bank of Singapore and United Overseas Bank are likely to trigger off another round of prime rate increases when they raise their rates by half a point to 14.5 per cent on Monday. Two other banks Asia Commercial Bank and
    475 words
  • Article
    Pegi raising $25m loan lead-managed by OUB
    274 1 PEGI Malaysia has become the third Malaysian company in two months to turn to this side of the Causeway for funds. It is raising a total of $25 million through a syndicated loan lead-managed by Overseas Union Bank. The honk has invited its
    274 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      221 1 <,[\!:+[!,.@;~|.{^^)(_!!}.'=)]) IKMDS MALAYAN Credit intends to step up the activities of its Malaysian subsidiary, Century Gardens Bhd, in both residential and commercial projects Page 12 PRESIDENT Reagan will veto any appropriations bill which violates his plan to reduce government spending Page 2 IN the security business, the guard will never
      221 words
    • Advertisement
      Page 1 Advertisements Column 2
      219 1 Swing With A Perfect ZMA The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club 10". These new-design woods and irons were created
      219 words
    • Advertisement
      Page 1 Advertisements Column 3
      55 1 TJ SINGAPORE Business FOR PEOPLE WHO MATTER V rrvTTT ki* THE WORLD... MUNSMGNNMSrorond slums u.s.a. THE SYMBOL OF QUALTTY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. o T r TT Today's best-seller in active sportswear Sote Agefrrt EXCELSIOR (PTE) LTD.
      55 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Reagan threatens to use veto power
      577 2 PLEDGES LOWER SPENDING NYT PRESIDENT Reagan, marking the first day of the new fiscal year on Thursday, pledged to veto any appropriations bill that violates his plan to reduce government spending. At the same time, he appealed for public patience, saying that it would
      NYT  -  577 words
    • Article
      Lock icon FORECAST OF JOBLESS SAILORS
      114 2 UPI THE GENERAL council of British shipping has forecast that nearly 5,000 British sailors will be out of work before the end of the year. In a review of unemployment published on Thursday in its British Shipping Review 1961, the council said there are now 670
      UPI  -  114 words
    • Article
      Lock icon HK manufacturers ,see higher export orders
      323 2 Reuter HONGKONG manufacturers expect the volume of their export orders to be 2 per cent higher in second-half 1961 than in the corresponding period year-ago. This is lower than was implied in the revised forecast growth rate of 7 per cent in real terms
      Reuter  -  323 words
    • Article
      Lock icon Investment executive optimistic about Reagan's policies
      315 2 Reuter A TOP 1)8 lavestmeat exeeattve has aaM writes •tost PraUest Beagaa's patteiee are rnmHmm and Is milhMlj tpHmtotir atoat the near tens praapocte far the U8 eeensmy. Mr William Sehreyer, ehalrmaa af Mertll Lyaek Pierce Feaaer and Smith, said there are ssaay pupil
      Reuter  -  315 words
    • Article
      Lock icon Japan in bid to boost economy
      607 2 Reuter JAPAN has announced measures to quicken its economic recovery and to avert trade friction with other industrial democracies, including increased imports and industrial and technological cooperation with Western Europe. The broad plan adopted by cabinet economic ministers and ruling party leaders underscores Tokyo's
      Reuter  -  607 words
    • Article
      Lock icon US signs loan for China
      285 2 UPI IN A move to strengthen trading ties with China, the Reagan Administration signed on Thursday the country's first ExportImport Bank loan which will finance power generating equipment and training of Chinese engineers. The loan agreement was signed at Exim Bank headquarters by chairman William
      UPI  -  285 words
    • Article
      Lock icon Virata hits out at rich countries
      353 2 AP THE CALL by the developed countries for harder terms on aid to developing countries may be merely a cover for reluctance to provide more assistance. Philippines Prime Minister Cesar Virata, leader of the "Ooup of 24" poor countries, suggested this yesterday in Washington
      AP  -  353 words
    • Article
      Lock icon France champions Third World aid
      260 2 Reuter FRANCE, seeking a new role as the champion of the Third World, is stepping up pressure on its industrial partners to increase their development aid. The new French socialist government would like to prevent this month's NorthSouth meeting in Cancun, Mexico, from ending in
      Reuter  -  260 words
    • Article
      Lock icon Thatcher will not print notes to buy votes
      400 2 UPI BRITISH Prime Minister Margaret Thatcher, welcoming President Reagan's measures to reduce the US budget deficit, said yesterday that she would persevere with her policy of reducing inflation and containing public spending. She said she is convinced Britain would win through and
      UPI  -  400 words
    • Article
      Lock icon Saudis keeping mum on October output
      181 2 Reuter SAUDI Arabia, the world's largest oil exporter, has begun a new policy of setting its output level monthly but has kept October's figure a secret. Saudi Oil Minister Sheikh Yamani announced in August that bis country would cut its huge production by a
      Reuter  -  181 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      707 2 ARRIVALS Serriee Local Operator N amber Tu»e From SIA MAS CAL CPA GU SU GU PAL SU MAS MAS RBA SU SU SU GU KLM MAS LUFT GU THAI MAS CAL SU SU SU SU SU MAS JAL GU UL UTA SU MAS GU QAL SU SU
      707 words
    • Article
      Kuwait accuses Iran of bombing oil complex
      615 3 KUWAITI experts yesterday assessed damage to a major oil complex which Kuwait, backed up by the United States, said was bombed on Thursday by Iranian warplanes. Kuwaiti Oil Minister, All Khalifa is flying home from abroad after hearing of the attack. Iran denied
      615 words
    • Article, Illustration
      SHIPS IN PORT
      424 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barber Priam (RO/RO) (1000 must starboard a/ side) 46/47 Cherry Bagus (0700 after Labuan adji) 26 Eastern Reefer (after Juyong Guan) 35/36 Frotario (0900) 1/2 Kao Cheng (0700) 44 Kota Benor (1200 tide after Kota ngkasa) 8/9 Keiyo Maru (RO/RO) (1500) 33/34
      424 words
    • Article
      Lock icon South Korea goes for stronger defence
      206 3 AP PRESIDENT Chun DooHwan of South Korea said in a budget message yesterday that arms buildup and high economic growth will be among his administration's major policy goals for fiscal year 1982, beginning January 1. The message accompanied a 1982 budget bill which was
      AP  -  206 words
    • Article
      Lock icon C'wealth to reject protectionism?
      510 3 TRUDEAU APPEALS FOR IT AFP CANADIAN Prime Minister Pierre Trudeau yesterday appealed far a strong Commonwealth stand against protectionism in trade when he opened discussion of the world economic situation at the Commonwealth heads of government meeting in Melbourne. Mr Trudeau urged the Commonwealth leaders to
      AFP  -  510 words
    • Article
      Lock icon Bear market makes shares of many US companies cheap
      513 3 NYT THE battered shares of many exceptionally profitable US companies are now selling at levels well below those of the average company as a result of the prolonged bear market in New York. An update of Oppenheimer A Company's latest "shopping
      NYT  -  513 words
    • Article
      Lock icon SETBACK FOR DOLLAR
      312 3 Reuter THE US dollar suffered a sharp setback on foreign exchanges yesterday, reflecting renewed market scepticism about the aUeugth of the American economy. The Swiss franc and the West gennan mark were the main beneficiaries of the exodus of funds from the dollar, which traded in London
      Reuter  -  312 words
    • WORLD IN BRIEF
      • Article
        Lock icon CHINA LOAN
        457 3 Agencies THE IMF is not holding discussions with China on a possible loan of more than US$6 billion. An IMF spokesman said no such discussions have taken place nor are any planned. The managing director at the IMF will also have no discussions about it when be visits
        Agencies  -  457 words
    • Article
      Lock icon HK banks increase interest rates
      189 3 Reuter HONGKONG banks raised their interest rates yesterday for the second time in three months in an attempt to check pressure on the Hongkong dollar which has touched new lows against the US dollar in recent weeks. The Hongkong Association of Banks said it raised
      Reuter  -  189 words
    • Article
      Lock icon Labour votes for British pullout from the EEC
      405 3 NYT THE Labour Party's annual conference in Brighton voted overwhelmingly on Thursday in favour of British withdrawal from the European Economic Community without a referendum. The size of the margin, more than five to one, means that a commitment to withdraw will
      NYT  -  405 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      323 2 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 to
      323 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      66 3 ASIAN WALL STREET JOURNAL THE ASIAN WALL STREET JOU The Asian Wall Street Journal i I has appointed a new agent for Singapore Felio Distributors Pte Ltd From 1 October 1981 please direct all orders or enquiries to: Felio Distributors Pte Ltd Maxwell Road P O Box 1288 Singapore 9025
      66 words
    • Advertisement
      Page 3 Advertisements Column 2
      111 3 €UROsHO€ shop new arrival MID YEAR SECOND RELEASE from BALLY of Switzerland. 9 brand new styles with two to three colors In each. At most reasonable prices. Sizes from 5 to 11. I ?j£ i BALLY 6URO SHO€ SHOP openonsunoay THI MARCO POLO HOTEL. Si WNGUN ROAD. SMGAPORE 10W TEL
      111 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      Interpretation of USDA's recent crop forecast
      726 4 EARLIER last month, US Agriculture Department (USDA) forecasters released their latest estimates of the crop to be harvested this fall. The agency's all-crops' production index was rated at 114 per cent this year, compared with 101 per cent in 1960. That means production of
      726 words
    • Article
      Mardec denies withdrawal
      262 4 THE Malaysian Rubber Development Corporation (Mardec) has denied that its withdrawal from the rubber market as alleged by the National Association of Smallholders. A senior Mardec official said the agency had in fact intensified its operations to provide a continuous outlet for smallholder rubber in the face
      262 words
    • Article
      Lock icon Call for unity to raise tin buffer range
      169 4 Reuter BOLIVIAN Charge D'Af(aires, Jorge Quiroga. said tin producers must unite to press for an upward revision of the International Tin Agreement (ITA) buffer stock price range at the (ITC) meeting. He said the range must reflect higher costs of production and
      Reuter  -  169 words
    • Article
      Rubber trades in volatile conditions
      321 4 NEARBY One RSS continued to decline this week, losing a further 12 cents in volatile, nervous and at times, confusing trading, HiMiy, Catter, Balk aad Campaay says in its weekly review of the Singapore and Malaysian rubber markets. Forward prices improved. October One RSS fluctuated
      321 words
    • Article
      Palm oil products aiming for India
      330 4 AN Indian university has been commissioned to undertake a three-year research project aimed at encouraging greater use of palm oil products in the large and growing Indian market. To be undertaken at the University of Calcutta, the project was commissioned by the Palm Oil
      330 words
    • Article
      Produce exchange
      170 4 CHINESE PtWiw Eickuge, per 1M kg yesteritey. C»c—t all: Bulk fob >113.50 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 $387.50 seUers, Sarawak white pepper faq fob NLW $382.50
      170 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattea yarn: China Blue Phoenix 20b 2,440; 3b 2.950, 40b 3,100 (per bale of 400 lbs). Pleee gssls: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      323 4 SINGAPORE: Yesterday's closing prices in SI 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
      323 words
    • Article
      Straits Tin
      78 4 THE STRAITS tin price ia Penaag yesterday held steady at M 535.44 a Idle, te remain within the ITA ceiling raage ef $32.74 te $35.17, dealers said. Leadea's lower advices failed te dampen seatlmeat as the level was well sapperted by iaflaeatlal buyers, ceupled with baying (rem the
      78 words
    • Article
      CLOSING PRICES
      30 4 Rubber: Oct 2 Singapore: Oct: 202.00 cents (unchanged) Malaysia: Oct: 228.50 cents (down 0.50 cent) Tin: M 535.44 per kilo (unchanged) Official offering: 185 tonnes (down 31 tonnes)
      30 words
    • Article
      SOYBEAN
      148 4 SOYBEAN futures in Chicago on Thursday finished off 2"j to s'/i US-cents a bushel, on the low side of an BV4cent range. Trade expectations that forecasts for favourable US harvesting conditions over the weekend and through next week will result in increased farmer marketings prompted widespread commercial pre-hedging. Soybean
      148 words
    • Article
      LONDON MARKETS
      703 4 COFFEE: Robust* futures yesterday ended the morning unchanged to slightly easier at £1.50 to £3.50 down in thin quiet business, dealers said. Turnover totalled 600 lots including 161 cross trades. Most operators were withdrawn following the opening call and will be awaiting the opening in New York where
      703 words
    • Article
      WHEAT
      223 4 WHEAT futures in Chicago on Thursday closed near the bottom of a SV« cent range, down 2 »/4 cents a bushel to unchanged. Traders said local pressure held most prices on the minus side, following the traditional buy the rumour/ sell the fact theory, after announcements that the USSR
      223 words
    • Article
      PALM OIL
      114 4 THE Kuala Lumpur market yesterday closed steadier on light covering interest in continued quiet trading, dealers said. October in the south rose M 52.50 to $915 a tonne while in November south traded at $910. The refined market remained featureless on lack of interest. C.I.F. North European ports,
      114 words
    • Article
      RUBBER
      215 4 RUBBER price» in Singapore yesterday closed unchanged on balance with October One RSS buyers quoted at 202.00 cents per kilo, dealers said. Morning prices were marked down slightly on some profittaking after a higher opening. Afternoon prices fluctuated around hmchtime levels In subdued trading. Ia Ins la Lam par,
      215 words
    • Article
      RAS PRICES
      329 4 RA8 price* In cenU per kilo yesterday: Noon (per kilo) Buyer* Sellers Int. 1 R-S.S prompt f o b 196.00 198 0US Int. 1 R.S.S October 303 00 304 00 lat. 1 R-S.S November 304 00 205.00 lat. 2 R-S.S m.00 109.00N UK Coot 1(7.00 1C8 00N lat.
      329 words
    • Article
      SSR and SMR
      106 4 NOON SSI K aad SMR priea yaa wrday IAI Octei (Carnal kiyiti 1 ***** 1M00 Mtt) NOVM (ParwaH Bayar* 8 ***** 188 00 4M 1 Mlk) SSR 30 SSR40 ll -Ua pdbl) (ltoo palbt) 170.00N *****N allan 170.00N *****N SMRCV SMRL SMR 5 SMR CP SMR 10
      106 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      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. In
      194 words
Page thumbnail Page 5
  • TRADE AND INDUSTRY
    • Article
      Publisher to produce guide book on China
      350 5 A $1.5 million publishing contract signed between local publisher Apa Productions and the Lee Publishers group of New York has enabled Apa to produce a guide book on China. Lee Publishers, through its joint-venture company, Sino Information Resources Inc, has several exclusive worldwide
      350 words
    • Article
      S.M.A. TRADE MISSION TO LEAVE ON OCT 16
      237 5 THE SINGAPORE Manufacturers Association's first trade mission to South Korea will leave on Oct 16. The nine-day visit which is led by SMA chairman Ong Leng Chuan will be a fact-finding as well as a selling mission. Mr Ong said: "The mission
      237 words
    • Article
      Asiaprint and Asiapack timely says organiser
      292 5 THE TWIN exhlMtlsas on printing and packaging opening here sa Monday will eahaaee Singapore's position as the printing and publishing centre In Southeast Asia. Aslaprlnt and Aslapack *81 will be timely In view of the growing market In printing, graphic arts and packaging equipment,
      292 words
    • Article, Illustration
      ALL-PURPOSE VESSEL
      285 5 OFFSHORE EQUIPMENT added a third vessel to its fleet this week with the launching of a USJI.B million utility vessel, the SAEED 3801. The all-purpose vessel built by Maroil Engineers and Shipbuilders will be chartered on a two-year contract to Zadeo, an oil company based in the Middle
      285 words
    • Article
      Promotional fund
      357 5 THE SINGAPORE Tourist Promotion Board will set aside 30 per cent of the collection it receives from the 3 per cent cess on hotel and restaurant bills to finance an investment fund. The fund will be used to develop new and better tourist attractions and facilities over the
      357 words
    • Article
      The human element
      282 5  -  By AGNES WEE "IN THE security business the guard will never be replaced entirely. "Electronic devices can help reduce the number of staff needed to guard a place, but there roust always be people to monitor the devices and act promptly when the devices call for response."
      282 words
    • TRADE TALK
      • Article
        THE manufacturers of the snack food KaKa
        115 5 has offer- ed to exchange a new packet of KaKa for every spinning toy returned, to eliminate further accidental eye injuries caused by the spinning toy. This latest move by Kinos Food Industries comes in the wake of another reported case of eye
        115 words
      • Article
        KCE Products,
        38 5 an Austra- lian manufacturer of high pressure water Masters, has appointed Courtesy and Wise of Singapore as its sole agent. The appointment was formalised during the recent Machine Asia '81 exhibition at the World Trade Centre.
        38 words
    • Article
      The promotion of local products overseas
      257 5 THE CALL made by the Singapore Manufacturers Association (or a specialised body to promote trade for Singapore may soon be answered. At the opening ceremony of the Singapore International Fair *81 yesterday, the Minister of State (Labour), Dr Wong Kwel Cheong, said: "The Government
      257 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      496 5 a X feap and rewarding companion FOR THE BUSY EXECUTIVE 1 v N'". vx ~W V* T*^ V »'■>**».«•*> *N V-* s "l £.v#H*tj^w --V I§f.ffl3£ X ■vFfStt^K. J»» \M> T +*+*+*> V t <- v HL \»«H» Ar'v iprr ML World Executive's Digest. A compact magazine that offers highly
      496 words
    • Advertisement
      Page 5 Advertisements Column 2
      1 5 Lc**r..p*gt|
      1 words
    • Advertisement
      Page 5 Advertisements Column 3
      132 5 Practise For HMlth b Relaxation ARC TAI-CRI mi t I tri Main Training Centre 4. Keng Chin Road, Singapore 1025 (off Bukit Timah Road, 3% m.s.. opposite Swiss Cottage School). Tat-Chi Beg«nner Class Group: Wad., 8 pm to 9 pm Commencing on 7th Oct. 1961 Tue to Fri. 5.15 pm
      132 words
Page thumbnail Page 6
  • Article
    Let performance be the criterion
    498 6 EXPATRIATE executives have been on the scene for a long while and many of them are at the helm of their companies. Many of them are with multinationals but a large number of others are employed by corporations which are essentially local in ownership. Their
    498 words
  • Article
    Security business will grow further
    197 6 CLEARLY, the security business is one of the fastest growing industries over the past ten years. Political leaders, millionaires and even movie stars and teenage idols are known to have their own battery of personal bodyguards. This situation is not unique to the West. Singaporeans,
    197 words
  • Article, Illustration
    Lock icon Promoting Asian culture
    1162 6  -  FILIPINOS SPEARHEAD MOVEMENT The Cultural Centre of the Philippines is now leading a movement to promote Asian art in the West. At the same time, it wants to modify the Asian colonial mentality that Western culture is always the best. The prospects are good, reports ADLAI J
    Depthnews  -  1,162 words
  • Article
    Few fraudulent cheques reported
    246 6  -  Letters to the Editor AU-YONG WENG WAH SUPT Head, C—imaalty Slagapere PsHee Pine Dew Or, I refer to the article captioned "Issuer of travellers cheques voices concern" in the Business Times of Sep 23. We would like to inform your readers that the reported claim of
    246 words
  • Article
    SIGHS OF RELIEF TURN TO DISMAY
    204 6  -  DISAPPOINTED Dear Bb, When it was reported that CPF and finance companies have reached agreement that CPF would have the first mortgage and the finance company the second mortgage, there must have been sighs of relief that at last CPF would be able to
    204 words
  • Article
    Lock icon Japanese gold rush
    672 6  -  Bu HISANOBU OHBE Reuter THE JAPANESE, after years of rejecting possession of gold as a brash vulgarity alien to their aesthetic taste, are well on the way to a gold rush. They are buying more gold these days, importing more and showing substantial interest in kruggerand coins.
    Reuter  -  672 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      638 6 I I -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 4 AA handy greeting 7 Battle colours (8) 8 Regard for people one possihly meets on the way? (6) 10 Old-fashioned transportation used in the Andes (5) 13 The location it's in (4) 14 It's from the heart, we're told (4) 15 Vietnamese
      638 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      41 6 BriStoW: FVank Lh ckenS UNDCRSTPtt4D "TvhS RRjn... owe m»NUTie"Tte-Vfle. GO PWGrO UNfeJuafcE. COfK^RN... N€-XT PO»hK/Tt THE.V Wt LTNANG »N TM€. PFHBT P»r4D OLD TRpomo»s Cgpocu: .0 bjeRVONG LOILL frsl sSr^^Lg.» rrJou neruc\ fl6ceFT»oN RND TPK3S. thgjr \fl*oes boump thc nwYPOte.. mgrc-wc
      41 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      683 6 The Taming of a Beau A YOt NO mmm lahertts _a sttri ii m« mritm «l la which aelther Me I* Hke- yf*. l B «lfkt pastes! skews la ty to wta. JT ta W"* Whea Charles Wlaehstor -L, Tjf. ""P »*tof fraa talk Mi la "M.AAH." ilieiveri UJ esaatry
      683 words
Page thumbnail Page 7
  • Article
    Lock icon Free funerals for share purchasers
    535 7  -  By PAUL MAJENDIE Reuter A BRITISH company is making the ultimate special offer for people who buy its shares a free funeral with choice of cremation or burial. But before that final day arrives, stock market investors can enjoy a free t case of wine
    Reuter  -  535 words
  • Article, Illustration
    Lock icon TECHNOLOGY PUTS PORSCHE AHEAD
    1590 7  -  By JOHN GRIFFITHS FT EARLY next year Porsche, the West German specialist car group, will start production of a new model. Called the 944, its bodyshell will be based on the existing 924 sports car, but instead of a Volkswagen/ Audi engine it will be powered
    FT  -  1,590 words
  • Article
    Lock icon Split in diamond body
    965 7  -  Will the recent defection of diamond-producing Zaire lead to a breakup of the Central Selling Organisation? KEN MARSTON finds out from Mr Harry Oppenheimer, head of the Anglo American Corporation. He also discusses the role of the organisation. KEN MARSTON FT ;"I THINK that you will
    FT  -  965 words
  • Article
    Lock icon GEM KING OPPENHEIMER
    515 7 FT MR OPPENHEIMER has built the Anglo American Corporation into one of the world's greatest natural resource groups. Based in South Africa, but with worldwide interest Anglo American is involved in the mining and production of virtually every mineral from gold to coal. The group is also
    FT  -  515 words
  • Article
    Lock icon Exquisite American official booty put under auction
    335 7 UPI WOULD yea like to have a haad-paiatod plate depicting the original Braadeabarg Gate In Berttaf Hew about a pewter beer mag carved with early Aztec symbols or a brawn saede Gucci bag, slightly s*Ued? Sound Uke a garage sale? Close. It's aa
    UPI  -  335 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      121 7 mraWPi, M 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. S x 4 > v'l I w f>. N f r Where to Eat and
      121 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        268 8 OCT 01 Frs 4-/-CORBE1LLE Air-Liquid* 407 •s B 8 N Oervals □anone ion -30 C 8 F (ThomsonCaf).. 231 -2 Cle rnncil* del Petroles 100 so -4.7 Compagnle Flnanclere Compa«n Ic Gene rale Credit Foncler De France 307 -4 Hachette < Llbralrle i 330 •4 Machines Bull 35.06 -OH
        268 words
      • Article
        Brussels
        96 8 OCT 01 Fn forward market Ac*c 283 4-1 Arbed 1020 -12 Aatur 373 >3 Brajcan m -10 Bra-Lamb 1036 -14 Can par 1900 -IS Cork 130 -1 De Been 285 7 Etm 1282 53 Electrobel rrn -10 Gb-lnno-Bm 1900 1400 unci) Oe» -8 Hobo* 2206 •IS Petro 3000 10
        96 words
      • Article
        Frankfurt
        196 8 OCT 01 Da A«f-T»l«fun*en 4710 -I* Ak*j 1M0 0.1 A1U Laban 190.00 -00 Alia Vera Ok 00 .1 BASF BifHT Wbank Ba; Vb&nk I34J0 laoso 386 OOB 09 1 *1 Bajitr 130 JO 11 Sfr 237 00 1J BMW ***** 1J Paaariia Man .1 CImo Verw 210 0QR Cotnmenbtnk
        196 words
      • Article
        Zurich
        179 8 OCT 01 rranca Action* Buian Alusulate Br MO -10 Alusulaae Res. Brown Bonn Br JSC 1200 unch -2D Cit* otlrj Br. 1030 •IS C1b« Ottoy P c no unch CW Oel»T Rm 503 -5 Credit Sutaar Br 1900 -SO Credit Sulaw Rh Elektrowttt Br 386 21(0 -3 -36 Otorgt
        179 words
      • Article
        Amsterdam
        182 8 OCT 01 PU ABN aeio 0.5 Ahold 62.50 123 Akio 2130 04 AMEV rr*> Am fas 82.00 Amrobnk 32.70 0.1 Bcrfott 36 00 3 Berk 28 40 0.4 Bo Is 90 30 •J Bori umlj 112J0 15 Burhmann 45.80 -06 Caiand 35. TO 0J Calve Delft 182.00 -7 Deli
        182 words
      • Article
        Milan
        75 8 Aaaoc Qen Buto(1 Central* ISSoc ;>ooc HO -1 <M0 136 rial rinttlfW iaoo -s 36 unch Otn I ro mot 1715 4 it mm DM unch Iiaictmcnu it. if.. ***** 300 mo *s IialsMcr ■USD M«*n*U M K MkivUI Ere TOMO -03 UB&) -i«o llorxladorl MontKUn Molu Bio 171®
        75 words
      • Article
        TORONTO
        213 8 OCT 01 C* ADIUM ID unch AirA/i ah 4* Alfoma «Ht Bank Mont 24-. Bank Nora Scotia MS -H Beit Tet 1TH H Betft Corp BP Can Ltd, n B rue an »«> unch Ctmp Red Lake i»>» Can Imp Bk •f Canpar OS unch Can par In* Pf
        213 words
      • Article
        JOHANNESBURG
        293 8 OCT 01 Rand INDUSTRIALS A Alpha 4(0 s Aberrom AC And CI 00 960 -3 10 AMir Bariuwi mo 1090 uncb 10 CurjV Finance 11S0 MOB m uneh IS D» Bern Ind Edcon UO ■ach Uftn IWNdl r«i vou ZZ set £ri uncb OanJian Oknnl Q rat* run Hippo
        293 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      219 8 "The American Express Card serves you well, wherever good food is served" —Z] IsSt o wine.t your island treks KES a Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10,00 a.m. 6.00 p.m. Saturday, Sunday Public Holidays
      219 words
    • Advertisement
      Page 8 Advertisements Column 2
      157 8 Ml wiiUi JAPANESE RESTAURANT for sushi. For teppcinyaki. For other authentically Japanese delights. Open </<;:/(. Utun h JO p or '■•serrations call *****7 > p m 10 i( > m ilk® < I'j I I'k SI H'l'l l|« •Si I |J»'J H ll'( 1 NdS^"ti Hiii Singaoort lQ2f> Tel "■(/*>
      157 words
    • Advertisement
      Page 8 Advertisements Column 3
      190 8 ===`'_=|$/:@%<\<+/~]_!&:([]-"?! 11\ I K I s I I K IV'i i >re VOU tl\ .j\\ f( > foreign lands c Ih\ k-in Your then seek our the Five .outmt'iiis Restaurant. Relax in intimate surroundings and wine and dine on the most sujvrh international aiMne vouYe e\ er tarred. Luni hl2
      190 words
    • Advertisement
      Page 8 Advertisements Column 4
      166 8 QOQQO 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. |Ssl HttTON NTfcRNATNMAb SINGAPORti W hw The World
      166 words
    • Advertisement
      Page 8 Advertisements Column 5
      165 8 It as good as going to Bangkok. ■4L4l£ 7 feThis it Thai Seafood at its authentic bast So 'rash, it could have been alive t5 minutes before coming to your table It was An anormous variety of succulent seafoods expertly prepared by Thai chefs in our Kitchen Siamese Seafood Restaurant
      165 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      MIDLAND'S CASH TENDER
      101 9 A PRELIMINARY caaat M the retails tt MUUiI Buk'i eaak afler to parrhr- cmudm ui eaavertIMe aeearfttoa tt Cracker Nattoaal Carp todlcates that IS.I nilttaa akarea kave Ike afler waa far aeearittes represeattag er eaavertikle toto a total tt U mllHaa akarea tt Cracker. It expired aa
      101 words
    • Article
      SYNDICATION BOOST?
      190 9 SINGAPORE'S attempt to build itself into an important loans syndication centre is beginning to show some results. Bankers say the Republic is still lagging behind Hongkong which has managed to attract the lion's share of the loans booked and arranged in the region. But if the increasing number
      190 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        474 9 THE US dollar performed mixed against major currencies on the local market yesterday. It weakened against the yen and mark but firmed against sterling. Against local dollars, the US currency was generally steady. Trading was quiet, and dealers could not pin point any definite reasons for the mixed
        474 words
      • Article
        Gold
        241 9 SINGAPORE gold futures yesterday closed firmer on some late local buying interest influenced by the metal's rise in overseas markets, dealers said. Trading was thin with total sales for the day recorded at 91 lots while kerb volume at 81 lots with activity centred on October, December, February and
        241 words
      • Article
        Silver quotes
        40 9 New York 9 33B 9.10B 9 53S 9 306 Zurich 9 258 9.0CS 9 45S 9 as FH hm Singapore 9 30B 9.05B 9.50S 9.25S Closing prices in US dollars a troy ounc •l Source: Credit Suisse, S'pore.
        40 words
      • Article
        Tokyo
        213 9 THE dollar for overnight delivery in Tokyo yesterday closed weaker at 232.10 yen, compared with a 233.40 opening in Tokyo, a 233.20/ 30 clow in New York and 233.20/35 on the US West Coast, dealers said. This was also weaker than a 233.00 close in Tokyo on Thursday. Trading
        213 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banka are currently prepared to lend to their boat customers is 14.7 per cent.
        22 words
      • Article
        ASIAN $
        182 9 ASIAN ASIAN currency deposit interbank rates as at close on Oct 2. U8 DoUar*<8pol) Off.r BM 7 days 16* 16* 1 month 17 1/16 1615/16 2 months 17* 17* 3 months 18 17* 6 months 188/16 183/16 0 months 17* 17* 12 months 17 9/16 17 7/16 8w.Fr*. Dm. (MiMk
        182 words
      • Article
        Discount
        45 9 RANGE of prices offered by discount houses on Oct 3: Overnight: VH Call deposits: to 7% Cloiii| Baytac Sellim* 3-month Treasury bills 6H 6H 3-month Bank bills 149/1« 14 7/10 3 months CD 1313/*****1/16 6 months CD 13 A/16 137/16 Source: National Discount Co
        45 words
      • Article
        HONGKONG
        158 9 THE US dollar in Hongkong yesterday softened against most major currencies in late trading, particularly against the yen, dealers said. Trading was quiet ahead of the weekend, they said. The dollar fell to 232.00/20 yen in Hongkong after trading as high as 233.50/70 in Tokyo, and compared with its
        158 words
      • Article
        London
        28 9 Opening quotes yesterday US 1.8360/70 Can 2.2099/2130 Cross -1.2038/41 DMk-4.2465/2520 D F1 4.7250/7345 S FY 3.5800/85 B Ft coo 69.58/82 F FY —10.1900/2165 Lit 2157.30/2162.75 Yen 424.92/425.82
        28 words
      • Article
        Treasury bill tender
        51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 5 to Oct 7: Offered: $110,000,000 Applied fsr: $169,500,000. Abetted: $110,000,000. Aeeepled Mds: $96.36 approximately 71 per cent and higher bids in full. Average rate ef dtseeaal •a allotment: 6.560 per cent per
        51 words
    • Article
      Lock icon Japan outlines planned market rules
      273 9 Reuter THE MINISTRY of International Trade and Industry (Miti) has drawn up regulations for Japan's first public gold market, emphasising a qualification check of exchange members. Miti plans to create a minimum asset level, for brokerage members, of between 500 million and one billion yen,
      Reuter  -  273 words
    • Article
      Lock icon No interest in futures
      56 9 Reuter SOUTH African Finance Minister, Owen Horwood said his country's Central Bank currently has no interest in gold futures markets. He feels that it is important to find out what impact futures trading has on the price of gold, but does not think any authoritative findings
      Reuter  -  56 words
    • Article
      Benefits of IBF's proposed merger
      371 9  -  By ALVIN TAY A NATIONAL institution of banking of Singapore may evolve from the proposed merger of the Institute of Banking and Finance (EBF) and the Singapore centre of the London-based Institute of Bankers (IOB). According to the Quarterly Bulletin of the IBF, "one or
      371 words
    • Article
      KEMPER INSURANCE VISIT
      247 9 SENIOR officials of the US-based Kemper Insurance Group will visit Singapore later this month to take a closer look at the market here. Kemper, which opened office in Singapore earlier this year, is the 14th largest property casualty insurance group in the US. According to chairman James
      247 words
    • Article
      Lock icon Changes in buying patterns
      922 9 Renter SIGNIFICANT changes in world buying patterns for gold have taken place in 1981. According to Timothy Green, a consultant for Consolidated Gold Fields Ltd, world gold jewellery purchases have soared and should account for more than half of the gold coming on to the world
      Renter  -  922 words
    • Article
      NEW YORK STOCKS
      1200 9 NEW YORK stocks on Thursday closed slightly higher after moving in a narrow range all day as the market tread water for a second day following the sharp run-up early in the week. The Dow Jones Industrial average drifted lower most of the day but started gaining
      1,200 words
    • Article
      Lock icon Gold trading in France likely to decline
      377 9 Reuter TRADING on the official French gold market is likely to decline in volume as a result of the ending of the anonymity previously allowed in transactions, gold dealers said. Budget Minister Laurent Fabius has announced the move as one of a series
      Reuter  -  377 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      318 9 What will your Children become? Chemist/Analyst Doctor Laboratory Assistant Metallurgist Technician Computer Programmer Meteorologist Engineer Draughtsman Physicist Architect Designer Sociologist Accountant Young minds absorb knowledge. All the learning in Time-Life Books is the foundation upon which useful lives are built. Do you want your family to have this benefit? The
      318 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1386 10 BID and offer prices officially Usted 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 (1) 2.M (1)
    1,386 words
  • Article
    In Kuala Lumpur
    1734 10 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday. I with the number ot shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INIXBTBIALS Aleaa (1.328 I.3SS) (2) I X (1) 135 I xrt
    1,734 words
  • In Hongkong...
    • Article
      OVERSEAS Trust Bank Ltd
      55 10 has reported a net after-tax profit of HKH39.62 million ($47.71 million previously) for the year ended June 30. This includes an extraordinary profit of 116.73 million. No final dividend will be paid due to the special interim payment. The total for year was 26 cents on
      55 words
    • Article
      UNITEX Ltd
      37 10 will be paying a final dividend of 55 cents (50 cents) for the year ended June 30, making a total of 100 cents (96 cents). The company's books will cloae from Oct 16 to 29.
      37 words
  • Article
    COMPANY MEETINGS
    96 10 BANDAR Bay* Develepmeate Berhad: EOGM to be held at the Board Room of Multi-Purpose Holdings Berhad, 16th Floor, Wisma MPI, Jalan Raja Chulan, Kuala Lumpur on Oct 9 at 11 am. MALAYAN Tta Dredging (M) Berhad: EOGM to be held at Wisma Bunga Raya, 152 Jalan Ampang, Kuala
    96 words
  • Article
    Unit trusts
    174 10 ■NOiTOUUNTTRWr (HiMfM' prtaaaIn Ml) The Commerce 11V 190 The Savtagi Fund l.M 1« S pore Prof Fund 1 JO 1JM S pore See Fund 1J0 l.M S pore Invest Fund 0.M OH S pore Equity Fund 1 11 1J4 Ifli IMTTI llal In^fTuB^*** Mai Prog Fund Mai Security
    174 words
  • Article
    SHARE INFORMATION SERVICE
    2797 10 1981 High Low Company Last Sale orGr'. Div Div Cvr Gr». Ynd Net P/E Vol Day COOO) High Low .t 8ECTION ONE INDUSTRIAL COMMERCIAL 404 360 312 u m y 200 410 532* n 875 430 282 130 190 320 78 380 238 322 259 Ac ma
    2,797 words
  • Article
    Prices ease in quiet trading
    754 10 SHARE price* tfaii «Mel tmHH yeaterday, ""•gk tten mi am m> Wlj Mag the atloMN. At the ead ri the day, the Btralts Tines ladastrial Mm mi trimmed ■■«thru 1 prists to 05.21. Meratsg tradlag was very ■tow Mi price» geaerally apesed belew oversight levels,
    754 words
  • Article
    KL continues to weaken
    614 10 POOR sentiment remained at the Kuala Lumpur stock market yesterday as prices ended the week lower on reduced volumes. There was little to boost sentiment and a measure of the market's low level of interest could be gauged from two events the relisting of Pegi Malaysia
    614 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Exchange puts curb on short selling spree
      990 11  -  /^^THITWAS CHRIS LIM SEPTEMBER was a momentous month for the > Stock Exchange of Singapore. On the very first day, prices suffered another drop, bringing the market barometer, the Straits limes Industrial index, to '"a new low for the year at '"«15.26. Whether
      990 words
    • Article
      High interest rates make fundamentals important
      1633 11  -  ■arktt Talk... a round-up of viewpoints compiled by chris lim chris lim WITH interest rates expected to remain high around the world, investors venturing into the stock market should base their purchases on low P/Es and select high-yield companies with growing recurring earnings. In
      1,633 words
    • Article
      Evaluation of estates
      612 11 RECENT major deals in the Malaysian plantation sector, including the latest transfer of a 51 per cent controlling interest in Dunlop Estates, have thrown fresh focus on estate valuations in Malaysia for take-over purposes. Multi-Purpose Holdings' purchase of a majority stake in Dunlop Estates at MJ5.75 per
      612 words
    • Article
      Public Textile expects higher group earnings
      539 11 PUBLIC Textile has projected a group pre-tax profit of Msl.6 million (or the current year ending Dec 31, 1900 following its propoaed 13 million acquisition of a piece of property In Province Wellesley, Penang. This will lift the group's projected earnings per share to
      539 words
    • Article
      Ajinomoto profits
      105 11 AJINOMOTO (Malaysia) has reported a 42 per cent Improvement In its unaudited pre-tax profits to M 52.94 million for the first half year to end-June 1981. The increase came on the back of higher sales which rose 21.4 per cent to $22.7 million, indicating a significant improvement in
      105 words
  • ASIAN STOCKS
    • Article
      Market ends higher
      108 11 HONGKONG SHARE prices in Hongkong yesterday recovered slightly near the close after declining all day on lack of buying support, dealers said. The Hang Seng index lost 25.90 points finish at 1,233.26. Dealers said the outlook for the market was mixed, and most operators were cautious. Among
      108 words
    • Article
      Tokyo stocks close mixed
      409 11 SHARE prices in Tokyo yesterday closed mixed with a clear contrast of heavy loses in blue chips against sharp gains in low-priced issues in active trading, dealers said. The market average gained 11.22 to 7,377.13 on a volume of 620 million shares, while the Tokyo Stock
      409 words
    • Article
      Selected indices
      51 11 FINANCIAL TIMES INDUSTRIALS Thursday 415.0 Wednesday 475.4 Week Ago 488.1 DOW JONES AVERAGE INDUSTRIALS Thursday 852,28 Wednesday 848.98 Week Ago 836.14 HJLHANG SENG Friday 123U8 Thursday 1280.18 Week Ago 1331.01 AUSTRALIAN INDUSTRIALS today 679.4 Thursday 878.0 Week Ago «843. f ALL ORDINAR1E8 friday 874-8 Thursday 570JJ Wert Ago
      51 words
    • Article
      Manila
      99 11 THE Manila market yesterday was rr'xed as commercial and industrial shares moved higher but mining lost ground, dealers said, noting oils recovered to close stronger. Turnover rose to 961,000 from 331,000 pesos. fr? ►HI Bangutt Con. B Br Goodrich «jOO 10L0O ♦i unch unch CM Lapanto B Mulnduquc B
      99 words
    • Article
      Sydney
      297 11 A PROMISING oil now in South Australia's Eromanga basin helped the market finish the week on a firmer note, dealers said. News from Delhi Oil that the Dullingari 13 Dm 9 well had flowed oU at the rate of 1,090 barrels a day saw partner, Santos, finish 29 cents
      297 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      169 11 Are you often tired, tense and anxious? Do you suffer from backache, rheumatism or varicose veins? Do you have a weight problem? your heart? Has your urge to'get up and go' got up and gone? \<wM Donald Norfolk believes L that many of our chronic < health problems are largely
      169 words
Page thumbnail Page 12
  • Article
    Colour in a drab market
    415 12  -  SIOW LI SEN AS the stockmarket drifts listlessly lower, the only ripple of excitement in the next two weeks will be the election of committee members to the Stock Exchange of Singapore. Nominations of brokers to stand far elections were submitted yesterday, and there are
    415 words
  • Article
    SBS earnings peak
    218 12 SINGAPURA Building Society made record earnings for the year ended June 30. After providing for depreciation, pre-tax profit of the group rose by 24.5 per cent to $6.918 million. The performance has apparently matched the expectations of the directors who are now recommending a first and final
    218 words
  • Article
    Fima Metal Box
    45 12 IfETAL Box Berhad has changed its name to Fima Metal Box Bhd. Its articles of association have also been altered to provide for nine directors instead of eight. The resolutions to effect the changes were passed at an EGM on Oct 2.
    45 words
  • Chief Price Changes
    • Article
      SINGAPORE
      142 12 Rises H Maia 900 20 Paper Product* 200 ♦19 Sifna Matal 145 5 Textile Corp iao 3 DM Plaatatioaa 440 +2 Cold 8torage 348 +2 Naajaif 383 1 AbcoI 72 1 Falls H Leo a« Credit ■TOO -SO Pofi Maia M U I 380 1040 -36 •30 D«aiop Bat
      142 words
    • Article, Illustration
      KUALA LUMPUR
      133 12 Rises P Products 225 +15 Falls Tfooota 945 -55 Sungei Bed 760 -40 Dunlop Est 444 —36 PMC 424 -32 Cold Storage 360 -30 Kg Lanjut 400 -300 PacDev 590 -30 S Trading 730 -30 C Sugars 1170 -30 Gfenealy 242 -28 S*ll 390 -28 C Prop 560
      133 words
  • Article
    Palmco to buy company
    232 12 MSB Companies Editor: Mano Sabnani PALMCO Holdings Bhd is buying yet another property-based company. An announcement from the company issued after trading hours yesterday said it has entered into an agreement to purchase the entire paid-up capital of 113.35 million in Setianama (M) Sd Bhd for
    232 words
  • Article
    Berjuntai
    54 12 BERJUNTAI Tin Dredging Berhad has given notice that its 40th annual general meeting will be held at its registered office in Wisma Bunga Raya, 152 Jalan Am pang, Kuala Lumpur on Oct 28 at 10 am. The final dividend of 55 cents per share less tax will be declared
    54 words
  • Article
    Robinson's finalising accord to take over lease on building
    261 12 ROBINSON and Co is finalising an agreement to buy over the lease of the building which houses its Jurong Hypermarket, a John Little outlet. The retailer group will pay slightly less than $2 million for the lease which includes a portion
    261 words
  • Article
    SPP date
    14 12 TRADING in shares of SPP Ltd will resume on Monday at 10am.
    14 words
  • Article
    LONDON STOCKS
    728 12 LONDON, Fri. The market closed mixed today, after an irregular trend in small turnover, dealers said. At 3pm, the Financial Times Index was up 1.2 points at 476.2. Yesterday's two point base rate increases by the clearing banks tended to keep business at a low level but a
    728 words
  • Article
    Lock icon DOW JONES HIGHER
    90 12 AP NEW YORK. Fri. The stock market opened higher this morning, following through on yesterday's late upward swing. The Dow Jones average of 30 industrials was up 4.95 points to 857.21 in the first half hour. Transportation and utility issues also rose. Gainers outnumbered losers 3 to
    AP  -  90 words
  • Article
    M. Credit to strengthen Century Gardens
    473 12  -  By HSUNG BEE HWA PROPERTY group Malayan Credit intends to step up the activities of its Malaysian subsidiary, Century Gardens Bhd, in both residential and commercial projects. The subsidiary is now actively trying to expand its land bank. Century Gardens currently owns more than
    473 words
  • Article
    PNB offer to remain open till Oct 20
    534 12 PERMODALAN Nasional Berhad's cash offer for the shares it does not already own in Guthrie Corporation of UK will remain open for acceptances until Oct 20, 1961 or later as PNB may decide. The date was announced in the full offer document
    534 words
  • Article
    COMPANY BRIEFS
    179 12 PEGI Mali}* iBrtMi*! proceeds from the sale its stake in Electrical and Allied Industries Bbd will be used as additional working capital. The consideration was as* rived at on the basis of a willing seller and buyer. The market price of EAI shares before the date of the
    179 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      184 12 NOTICE The US NAVY OFFICE is seeking sources to contract for the supply of temporary shore power end steam to US Naval Vessels visiting Singapore. The equipment must be portable, skid or truck mounted, speaking operaton and equipment must meet whatever reSjuirements are set by the relevant authorities or operation
      184 words
    • Advertisement
      Page 12 Advertisements Column 2
      354 12 ASEAN •WHAT ore these NEW BUSINESS OPPORTUNITES? WHICH are the GROWTH INDUSTRIES? WHERE are the PROFIT CENTRES? This conference will give you the most penetrating first-hand assessment of the business climate in ASEAN. Dr Vicente S VaMepenes Jr Oy Minister for Trod#, Phifcppoes Head of the EEC Delegation for South
      354 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      61 12 Outlook for Singapore from 6am to lpm today: Showers in a few areas. depart tor 14 hears prtor to 7 M pm en Oct I at the airport: Maximum temperature 33.0 Associated humidity 60 Minimum temperature 25-1 Associated humidity 97 Hours of sunshine 8.40 Rainfall in millimetres Nil Total rainfall
      61 words
Page thumbnail Page 13
  • LEISURE TIMES
    • Article, Illustration
      Lock icon Embroidered elegance
      646 13  -  By CHARMAINE CHAN THE NONYA Antique Fair, to be held at the Ming Court Hotel from Oct 6-8, will not be an excessive affair although there will be about 1,000 items on display. Petnic's Enterprises is going it alone this time, after co-sponsoring the first such fair last
      PHOTOS: Clifton Aw  -  646 words
    • Article, Illustration
      What a disappointment!
      533 13  -  FILM REVIEW By SALMA KHALIK THE VERY promising start to the French Film Festival (Sep 23 to Oct 7) has degenerated badly in the second week. Le Mot Aux Dents turned out to be a rather disappointing film. It had promised intrigue and large scale poUtfldng. What
      533 words
    • Article
      Lock icon Contemporary Thai art sells well
      432 13 AFP ARTISTS in Bangkok are going hungry while the dealers grow fat. And as they struggle to feed their families, their work is fetching high prices in Europe and America. Twenty years ago, contemporary Thai art was virtually unknown overseas. Today paintings by Thailand's artists
      AFP  -  432 words
    • Article
      Chesa's plate members
      647 13  -  EXTRA PERSONAL AND PRESTIGIOUS WEEKEID GOURMET By RAY ANG LOCATED in the Equatorial Hotel is the Swiss restaurant, Chesa. First opened in 1975, it quickly established itself among the more popular restaurants on the island. Featuring a combination of both Swiss and Continental cuisine, Chesa has a
      647 words
    • Article
      HELLENIC COOKING
      159 13 A SUMPTIOUB fare Hellenic eaeklag eauies la the f*rm sf a Greek baffet (tram Sep tl to Oet 17) at Shaagrl-La's Galdea PeaGreek specialities are Middle Eastern la laflaeaee. Saveary, yet saMe, aad eftea flavaared with ealeas, garlic, tomatoes aad «Uvea, they premise a rare treat far everyaae's
      159 words
    • Article
      YOUR WEEKEND SPORTS
      233 14 TODAY: GOLF: Sembawang: The Singapore Golf Association's Intermediate Championship starts with the first 18 holes this morning for golfers with handicaps between 9 and 15. Entries from 102 golfers have been received altogether. SICC: This month's monthly medals are based on bogey type competition. The 'A' medallists
      233 words
    • Article
      TOO MUCH MONEY
      90 14 THE OLYMPIC movement, which once had difficulty finding two Swim francs to rib together, is learning what it is like to he rich. Monique Berileux, director of the International Olympic Committee (IOC), said the lOC has the equivalent of US$l9 million in its accounts with another $25
      90 words
    • Article, Illustration
      CHARITY TRIP
      709 14  -  Destination Batam Island Country Club By CHARMAINE CHAN WINDSURFERS have come up with a novel and colourful contribution towards the International Year of the Disabled. The handicapped children will receive a minimum of $30,000, the target set by the Board Sailing Association of Singapore (BSAS) who have organised
      709 words
    • Article, Illustration
      Mork will be trying hard
      482 14  -  I MEAN to put my pin-money on Haifa Hitcher today. The Irish bay has not seen a racecourse since June and then he trailed the field home. The rest will have done him good and he looks a promising each-way bet for his breeding makes
      482 words
    • Article
      LUXURY CRUISER
      1000 14 ■OTORIIS with Hermes STRONG, armoured car looks have been Volvo's trademark since the Swedish manufacturer introduced its line-up of the 200 series. In this aspect, special credit (or discredit, depending on individual viewpoint) must go to the extra-high design and the over-sized, almost gruesome looking bumpers which appear
      1,000 words
    • Article, Illustration
      THE FANDI TRIANGLE
      955 14  -  By RONALD KOW IT WILL NOT be the first time that a local football star or prima donna call him what you will gets into really serious trouble with the Football Association of Singapore (FAS). And for Fandi Ahmad, who has so far had a "clean" record
      955 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      577 13 WHAT WHERE FILM SHOWS THE Goethe-Institute is presenting a series of films entitled "The Classic German Cinema of the Twenties and Thirties" in its auditorium. Dm KaMaett des Dr (The Cabinet of Dr Caligali) and Der G«lem, wle er la 41e Weit kam (The Golem; how he came into the
      577 words
Page thumbnail Page 14