The Business Times, 16 January 1982

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JANUARY 11, IW2 60 CENTS
    11 words
  • 217 1  -  By LOH HUI YIN A f3OOD working relationship between Singapore Petroleum Company (SPC) and the Malaysian national oil company, Petronas, has resulted in the yearly renewal, since late 1979, of a bilateral processing contract. This was the reason given by SPC president Cheng Hong
    217 words
  • 170 1 A BIG loan is being sought by an Indonesian company though nothing definite has yet been decided as to when the deal will gb through. Tunas Bekasi, a large motor company in Indonesia, is believed to be seeking up to $150 million of syndicated credit
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  • 558 1  -  By HSUNG BEE HWA THE Asean Chambers of Commerce and Industry (Asean-CCI) has made wide-ranging proposals to boost economic cooperation within the five-member grouping. The recommendations, made at the 13th Asean economic ministers meeting, include the formulation of a comprehensive treaty defining the parameters of
    558 words
  • 455 1  -  By ALVIN TAY KEEN buying interest by the Monetary Authority of Singapore yesterday sent the US dollar rising above the 552.07 level for the first time in about two months. The MAS was said to have bought a substantial amount of US dollars when the
    455 words
  • 289 1 SHARE prices moved up yesterday on the stock market in a technical rebound after four consecutive days of heavy selling. The Straits Times Industrial Index rose 6.37 points to 771.00 points against a 42.73-points loss over the first four days of trading this
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  • BRIEFLY...
    • 74 1 KUALA LUMPUR, Fri. Most of the leading hotels here have raised their room rates and others are expected to follow soon. The increase, effected from Jan 1, are by 10 to 21 per cent depending on room sizes and facilities. Rates for single rooms are up by
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    • 74 1 Reuter HONGKONG, Fri. The Hongkong Association of Banks has decided at its weekly meeting to leave interest rates unchanged. The Hongkong and Shanghai Banking Corp and Chartered Bank Ltd also said they will leave their prime rates unchanged at 16 per cent. The current rates on savings and
      Reuter  -  74 words
    • 67 1 JAKARTA, Fri. The Indonesian government has decided not to devalue the rupiah. Mr Sudharmono, Secretary of state, announced this after a meeting among President Suharto, ministers and top officials in economic and financial affairs. Rachmat Saleh, governor of the central bank, said the rupiah exchange rate to the
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    • 82 1 KUALA LUMPUR, Fri. Working hours at the Johore Bahru Causeway will be extended to 15 hours per day, six days per week beginning tomorrow to ensure fast clearance of commercial goods for import and export and to relieve congestion. Moreover, lorries that cannot be cleared on time on
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    • 115 1 AP JAKARTA, Fri. About 50 Indonesian youths pulled down the Russian flag from the flagpole in front of the Soviet embassy here today because one of the youths was injured when embassy officials tried to force close the embassy's entrance. Indonesian security officers tried to prevent the
      AP  -  115 words
    • 44 1 Reuter NEW DELHI, Fri. Indian Prime Minister Indira Gandhi today announced a major reshuffle in her Cabinet for what she called "better functioning." The changes were also made to implement a new 20-point economic programme announced by Mrs Gandhi last night. Reuter
      Reuter  -  44 words
    • 61 1 Reuter WASHINGTON, Fri. US wholesale prices, as measured by the producer price index for finished goods, rose a seasonally adjusted 0.3 per cent in December after a 0.5 per cent increase in November. The December rise, the smallest increase since a 0.1 per cent gain in September, left
      Reuter  -  61 words
  • 323 1 ASEAN ministers have approved the addition of another i,MB Items to the Amu Preferential Trading Arrangement. Currently, 1,681 Items qualify far preferences under the scheme. At the claae af the secaad day af the Aseaa economic ministers meeting, Tengko Ahmad Rlthaaddeen alsa said
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  • 230 1 THE Second Deputy Prime Minister (Foreign Affairs), Mr SRajaratnam, said the claim that an opposition would make the PAP government perform better is a "pathetic and dangerous belief which must eventually end in Parliament being reduced to a mad house and the military taking
    230 words
  • 197 1 THE POLICE have arrested a man in connection with the sale of fake Pan Malaysia Cement share certificates involving 90,000 shares. This is believed to be the first such arrest in more than 10 years. The forged certificates were discovered by Phillip Securities, a local stockbroking
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  • Page 1 Advertisements
    • 261 1 Times Bookshops vs. V V V x GOLF is big business and big business is heavily involved in golf. This year, at least $300,000 will be put into tournaments on both sides of the Causeway. And the mushrooming number of golfers means big business for supply shops and the clubs
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    • 210 1 Swing With A Perfect 2Ai The form and function of many things are often rated on a scale of 1 to 10. Hi 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
      210 words
    • 68 1 ;<|@."<]\:-{-,[_^~;_*%%?:!~}|^{ STANLEY LEASINGHAM At the Clare Leasingham Valley, nature conspires with man to produce a vintage. Rich grape juice left to mature and magically transforms into wine that's mellow and smooth to taste STANLEY LEASINGHAM 1980 RIESLING now ready to be savoured any moment. V 10 N f\.\ V am
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  • BANKING AND FINANCE
    • 237 2 Reuter COSTA RICAN government officials and a steering committee of creditor banks met in Miami to discuss the country's debts and agreed to meet again in mid-March. A joint statement said Costa Rica is negotiating restructuring of its US$2.7 billion debt,
      Reuter  -  237 words
    • 196 2 Reuter TWO. US banks reported their non-performing assets rose in 1961 as a result of balance sheet changes relating to loans to Poland. Marine Midland Banks Inc of New York and Fidelocr Inc, parent company of Philadelphia's Fidelity Bank, said they listed Polish loans as
      Reuter  -  196 words
    • 270 2 Reuter THE WORLD Bank, the EEC and Japanese banks agreed at a meeting in Paris on Tuesday to invest US$l.4 billion in the Carajas iron ore mining project in northern Brazil, the project's executive secretary, Oziel Carneiro, said. The World Bank will finance
      Reuter  -  270 words
    • 718 2 NYT OIL-EXTORTING countries have significantly reduced their deposits in American banks at a time when their foreign holdings have risen sharply, and the trend shows no sign of reversing. The shift partly reflects continuing concern about the American freeze of Iranian assets in
      NYT  -  718 words
    • 415 2 Reuter THE new calendar of mark Eurobonds, one of the heaviest new issue programmes ever, could strain the stillfragile market, bond dealers and syndication sources said. West German banks on Monday scheduled nearly 1.13 billion Deutschmarks of new issues for the next four weeks
      Reuter  -  415 words
    • 193 2 Reuter AUSTRALIA'S balance of payments as measured by net official monetary movements showed a surplus of US$lB3 million in December. The Statistics Bureau said the surplus is the first since June 1981 and compares with November's $170 million deficit and the year ago figure
      Reuter  -  193 words
    • 487 2 Agencies INDIAN Airlines has signed a US$77 million export credit for the purchase of two Airbus Industrie jets. Midland Bank International said as agent. The credit, backed by the export credit agencies of Airbus Industrie Shareholders West Germany, France and Britain, is part of a 1155 million
      Agencies  -  487 words
    • 221 2 Reuter AMERICAN interest rates are likely Is hit reeerd levels by March er April as the Federal Reserve Beard seeks ts stop the grawth h US meaey sapVf. Ersasmlsti expressed this view whea they spake at a mertgage beakers assselatlea csafeream la New Ysrk aa
      Reuter  -  221 words
    • 170 2 Reuter BRITAIN'S savings ratio, namely personal savings as a percentage of total personal disposable income, rose to 14.3 per cent in the third quarter of last year from an upward revised 13.4 per cent in the second quarter. The Central Statistical Office said the upturn in
      Reuter  -  170 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rale at which major Singapore banka are currently prepared to lend to their beat cuatomera ia 11.58 per cent.
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      • 127 2 THE US dollar in Hongkong yesterday held steady against most major currencies, but fell against the local unit in late trading. The market was quiet ahead of the weekend, with dealers awaiting US economic data, due out yesterday night. The US currency advanced to 2.3040/50 marks from an early
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 18 to Jan 22: Offered: $140,000,000 Applied for: 1225,700,000. Aliened: $140,000,000. Accepted Mis: $99.22 below one per cent higher bids in full. Avenge rale M discount m aUetmeat: 2.905 per cent per annum.
        50 words
      • 431 2 THE US dollar remained steady against major currencies on the foreign exchange market yesterday, but firmed sharply against the local unit. Hectic trading was done between the US dollar and the local currency. The US unit opened at 2.0555/75, moving up a little to 2.0570 during the morning.
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      • 190 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 15: US DoUir*<Spon Off.r Bid 7 days 13* 13<* 1 month 1311/16 139/16 2 months 144* 14 3 months 14 7/16 14 5/16 6 months IS 3/16 151/16 9 months 15H 15V* 12 months 15V* 15V* 8w.Fr*. Dm
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      • 9 2 Source: National Discount Co The Taky* nvtH wti
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      • 253 2 SINGAPORE gold futures yesterday closed slightly firmer than overnight levels after fluctuating marginally throughout in light trading. Total sales for the day was recorded at 38 lots while kerb volume at 40 lots. February closed slightly firmer at U*****.90/380.40 an ounce against 379.50/ 380.00 on Thursday, April at 389.00/389.30
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      • 34 2 New York 7 838 8 058 7.33S 8.US Zurich 7.82B 8KB TJOS 8.15S Singapore 7.78B WM 8 03B 7.93S 8.18S Closing prices in US dollar* a troy ounct Source: Credit Suisse, S'pore.
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      • 138 2 THE dollar in London yesterday made up some ground in early trading on its mostly lower opening levels, but the market is basically quiet ahead of the release later yesterday of fresh US economic data, dealers said. The dollar firmed to 2.3035/45 marks from the opening 2.3007/17 marks, which
        138 words
    • 317 2 euter, AFP THE Bank of Korea has cut its prime lending rate to 15.5 per cent from 16.5 per cent, effective on Thursday. The bank last adjusted prime rate on Dec 29, down from 17.5 per cent. Time deposits for one year
      euter,; AFP  -  317 words
    • 316 2 Reuter THE BANK of Spain has urged the country's seven big commercial banks to limit total 1981 dividends to under 8 per cent of their capital and reserves to avoid risking a "dividend war." The request reflects fears of open competition among major
      Reuter  -  316 words
    • 104 2 Reuter BANKS should not be allowed to conceal their reserves or true profit position, a British parliamentary committee said. Proposals to allow banks to. conceal reserves are included in draft EEC legislation on the annual accounts of banks and other financial institutions. In a report on
      Reuter  -  104 words
  • Page 2 Advertisements

  • TRADE AND INDUSTRY
    • 289 3 THE symbiotic relationship between the trade union movement and the political leadership of the People's Action Party must remain to ensure the continued social and economic progress of Singapore. It is largely because of this link that the National Trades Union
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    • 161 3 ESSO Singapore will have a new managing director soon. Mr J J Michalski will succeed Mr Terry Young, who will be transferred to Esso's parent company in Houston, whhere he will assume the post of finance and planning department manager as well as treasurer of E—o
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    • 391 3 A BRITISH computer company has set up a branch in Singapore to market and develop computer-aided design/computeraided manufacturing (CAD-CAM) turnkey systems. Radan Systems, the new local company, will be the marketing arm of Radan Computational (of the UK) in Singapore and South-east Asia.lt will
      391 words
    • Article, Illustration
      776 3 HOLIDAY Inn will computerise all its front office operations from the middle ql this year. Hotel Enterprises, which owns Holiday Inn Hotel, has agreed to buy an IBM system 34 computer for 1800,000. With this system, all front office operations, from reservations to reception, telephone, cashier systems and
      776 words
    • 540 3  -  By WONG SOUK YEE THE outlook for the sale of furniture this year is promising after a significant fall in the local market last year. Mr Lim Cheok Sin, president of the Singapore Furniture Manufacturers and Traders Association, said sales last year dropped by 20
      540 words
    • 240 3 SINGAPOREANS will have no difficulty In cultivating the Japanese community spirit at work because of the clan system among the ethnic groups. Dr Wong Kwei Chong, Minister of State (Labour), said yesterday that the Japanese workers' relationship at work grew from the traditional Japanese "village system" where
      240 words
  • 676 3 SEMINARS AND COURSES Dec 28-Jan 20: Financial Planning for Marketing activities, Cuppage Centre NPB Jan 2-Feb 27: Industrial Microcomputer System, Bukit Timah Centre, Department of Extramural Studies, NUS Jan 4-March 1: Skills and Strategies for Effective Managements, Waterloo Centre, Department of Extramural Studies, NUS Jan 5-April 16 (Tuesdays
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  • Page 3 Advertisements
    • 49 3 Announcement FAMOUS BEEF NOODLE from Sin Chew Jit Poh Building's Canteen is now a( M RESTAURANT No. 2, HNSINGTON PARK ROAD, near Serangoon Garden SBS Bus Terminal Due to our business expansion, we also serve: HONOKONG TIM-SUM CHINESE CUISINES No Parking Problem Wmataim Bmn: 7 am to 12 mMaigkt
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    • 201 3 Worldwide management experience atyour fingertips. 0* •o. v. v -v.. .VS/ «v -cN -W* > *sc -„V. I. V '•>. WORLD EXECUTIVE S DIGEST is a compact magazine that offers highly readable condensations of the world's most outstanding management articles and books. Materials are carefully selected for their timely interest
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  • OVERSEAS
    • 631 4 Reuter, UPI THE WORLD oil glut has pushed down the spot market price for African and North Sea crudes by 75 US cents a barrel in the past few days, and at least one New York trader reports being offered a cargo of Saudi
      Reuter,; UPI  -  631 words
    • 512 4 Reuter PRESIDENT Reagan has pledged to end the US recession and said his economic policies would restore prosperity earlier than expected. Reagan, who had earlier predicted an upturn in the economy in the second half of 1962, did not announce any new timetable for recovery. "We
      Reuter  -  512 words
    • 294 4 Reuter EEC nmmlsriistr KarlBetas NhJh said the Eirtpeaa p——Wtd But reeegnlse that maay prab lew ta relnttsas with the U8 aad ether partem la the werld te—my are traceable te the snder developed Earepeaa capability ta ■dap* te changed eendltiens. He said
      Reuter  -  294 words
    • 402 4 UPI, Reuter the GODFATHER of The Muppets lost a boardroom battle on Thursday for control of his British television and communications empire to an Australian tycoon little more than half his age. Cigar-chomping film and television veteran Lord Lew Grade, 75, Britain's bestknown show-business
      UPI,; Reuter  -  402 words
    • 337 4 AP PRIME MINISTER Indira Gandhi has unveiled a new 20-point progress programme aimed at improving life (or India's impoverished masses. In a nationwide broadcast on Thursday night, marking the end of the second year of her current terms of office, Mrs Gandhi outlined a modified
      AP  -  337 words
    • 386 4 Reuter WEST German Chancellor Helmut Schmidt has said a renewed rise in interest rates in 1982 could be disastrous for the economies of industrialised as well as developing nations. Because of the importance of the dollar in world finance, interest rate reductions
      Reuter  -  386 words
    • 252 4 WEST German Chancellor Helmut Schmidt, in an attack on growing anti-Ameri-can sentiment, told West Germans to thank Americans for their freedom and stop blaming the US states while ignoring Soviet faults. Mr Schmidt said on Thursday that three-fourths of West Germans support their country's
      252 words
    • 220 4 AFP A LIST of more than 100 projects will be opened for foreign investment at an international investment promotion conference in June, New China News Agency reported on Thursday. The conference will be sponsored by China and the United Nations Industrial Development
      AFP  -  220 words
    • 179 4 UPI MARINE pilots have returned to work at New South Wales (NSW) ports less than 24 hours after walking out on an indefinite strike over a pay dispute. A NSW Maritime Services Commission spokesman yesterday said talks are now underway on the dispute, which
      UPI  -  179 words
    • 173 4 Reuter FOREIGN Ministers of the European Economic Community ~f r (EEC) have resumed tortuous negotiations on reform of the u w v community budget, with France refusing to give any nev n ground to Britain's demands for cash refunds on its EEC.; membership bill. French Minister
      Reuter  -  173 words
    • 737 4 ARRIVALS Sorriee Local Operator N amber Time From AI AI411 0006 SYD/PER SLA SQ11 0025 LAX/TYO PAA PA006 0220 NYC/SPO/ AHA/HKG CAL CI333 0220 TPE/HKG Cargolux CV796 0415 LUX/DXB MAS MH601 0700 KUL SLA SQ101 0645 KUL MAS MH811 0845 PEN MAS MH671 0915 KUL RBA BI421
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    • 402 5 Reuter THE differences between the United States and Japan on air routes for their airlines are widening. Japan Air Lines (JAL) said this in a statement released in New York yesterday. It said that in the talks held in Tokyo from January U on revising
      Reuter  -  402 words
    • WORLD IN BRIEF
      • 533 5 Agencies SONY Corp of America will appeal to the Supreme Court a lower court ruling which held that recording television programmes is a violation of copyright laws. The decision to appeal comes after the US Appeals Court for the 9th Circuit denied Sony an "en banc" review
        Agencies  -  533 words
    • Article, Illustration
      547 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alfarabi (Late Appln) (1200) 19 Botany Trust (Tanker) (0130 D/L k L/L, subject gas free) 33/34 Bai Tun Shan (0600) 23/24 Barter Talisman (1700) 47 BUliton n (0800) 25 Bunga Mas (after Bunga Bindang) 45 A Cang Shan (2300 tide, after Matsushima
      547 words
    • 328 5 Reuter AUSTRALIAN Prime Ministar Malcolm Fraser yesterday said he will meet trade union leaders in an attempt to cut chronic industrial disruption which he said is seriously threatening Australia's international competitiveness. In his first speech after a long Christmas holiday, Mr Fraser said a
      Reuter  -  328 words
    • 561 5 UPI, NYT SIXTEEN Western countries have agreed to suspend negotiations on rescheduling Poland's US$3.5 billion debt due this year, in keeping with sanctions by Nato agaftst the military government in Warsaw. The decision does not affect a July 1981 agreement to spread over
      UPI,; NYT  -  561 words
    • 315 5 UPI Reuter PRESIDENT Reagan, meeting with Senate OOP leaden yesterday, aid he expects to flnshae his proposed 1983 budget soon and decide whether to propose the tax Increases piwhed by some advisers. Treasury Secretary Donald Regan and other administration officials have urged a reluctant Mr Reagan to
      UPI; Reuter  -  315 words
    • 174 5 AP ATLANTIC City's casino hotels won a whopping US$l.l billion from gamblers last year, Including about $2.1 million from three unidentified Hongkong high-rollers in one sitting Just before Christinas. The nine casino hotels won $84.9 million during December, an average of $17 million a day,
      AP  -  174 words
    • 163 5 Reuter THE AVERAGE rate of inflation in Britain is likely to be about 11 vs per cent this year and about the same in 1983, Lloyds group economic adviser Christopher Johnson said in the bank's monthly economic bulletin. Johnson sees little hope of single-digit inflation for
      Reuter  -  163 words
    • 497 5 AP SAUDI Arabian officials, irked by what they view as US inaction over Israel's annexation of the Golan Heights, are hinting at readiness to establish full diplomatic relations with the Soviet bloc. Western diplomats in Saudi Arabia say the campaign appears
      AP  -  497 words
  • Page 4 Advertisements
    • 333 4 PumelPs Pictorial Encyclopedia of Nature This lavishly illustrated volume containing a wealth of information in a new approach to children's nature encyclopedias. The book has been specially written and designed by experts to encourage an interest in nature by first introducing the reader to the animals that are easy to
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  • Page 5 Advertisements
    • 393 5 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years at editorial expertise. We have extracted and accumulated
      393 words

  • 385 6 A BRITISH parliamentary committee says banks should not be allowed to have hidden reserves. It is a forlorn hope, for concealment is a way of life all over the world. Why does man wear clothes? Why do we have closed doors? Why do we have
    385 words
  • 321 6 THE VISITORS polled by the Singapore Tourist Promotion Board who said Singapore should "stay Asian" by preserving its old buildings mostly came from the West. And a good many of them had last visited the island many years ago, long before its transformation into
    321 words
  • 1039 6  -  Only among the poor are traditional tastes still alive. The growing middle class, which associates Mexican traditions with the poverty they left behind, looks increasingly and unbashedly at the US as its model By ALAN RIDING NYT LONG before its official opening this
    NYT  -  1,039 words
  • 1071 6  -  By WARREN HOPE DANIEL K Ludwig, the wealthy American shipping executive and financier, is abandoning his epic billion-dollar development project in the Brazilian Amazon. A group of top Brazilian banks, insurance companies, contractors and investment houses, acting under strong summonses to patriotic duty from government leaders,
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  • Page 6 Miscellaneous
    • 630 6 TWO-18-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Big-head to the very end, dammit! (5) 6 A female's cigarettes that were (5) 9 Topping reduction! (7) 10 The viper may be making a pile (5) 11 Owing to one's creditors, they're burdensome(s) 12 Not able to make fun of it (5) 13
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    • 800 6 &RADIO The extraordinary seaman A SPLENDID cut awaits Mattmtm: fie Rztnmribmry Saaaaa (eh i, Uf) wtfeb bidh Warld War 0. David Nlvea, F*ye Damaway, Alas Alia, Mlekey Raaaey aii Jack Carter dar la thto fltaa Mmiilnd by Jaha The Mtmekmrlma tans bane fram aililtary aerrtoe aad Irks Mi lather by
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  • 1388 7  -  A $500 million prefabrication building contract will be stgned today between the Housing and Development Board and White Industries of Australia. FLORENCE CHONG, reporting from Sydney, gives you the background to White Industries. FLORENCE CHONG, THE CYCLONE that devastated Darwin, Australia, seven years ago,
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  • 777 7  -  FOBUBL with RICHARD SEAH SINGAPORE'S latest hotel will be built from plywood or so it seems, to those unfamiliar with the name Veneer Products and its subsidiary company, Veneer Hotels. Fortunately, most of us are not that ignorant, and the developer was wise enough to call its
    777 words
  • Page 7 Advertisements
    • 530 7 Jm ELVIS Albert Goldman Albert Goldman's ELVIS has totally eclipsed the innumerable books spawned by Elvis Presley's death. His already famous book is the ultimate biography, the most electric and explosive work ever published on the culture shock called Elvis which invaded the world. ELVIS will shock and dismay the
      530 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 264 8 JAN 14 rra COHBBILLE Alr-UquM* BIN Otmli Dtnoni CSr (ThomaonCaf) 461 1316 lttJO -6 -4 -73 CI* mncalaa M P«trole» Comp««nle rtnanel«re Compafnl* Oanarml* Cr*dit rone in D* Franc* 131 331 80 31BJ0 -5.1 -1.3 •U HaCtMtt* (Llbralri*) Machines Bull MlebaUn (B) Putbu 406 37 680 WM unch -0-36
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      • 94 8 JAN 14 Fr« FORWARD MARKET Acec 344 -4 Arbed 1076 '14 Ajtur 382 unch Bmcu 034 1 Bru Lamb 1)4* 6 Can par 1306 -44 Cock 110 unch De Been 274 .4 Ebes 1800 ♦15 Electrobel 3666 -45 Ob-Inno-Bm 2435 15 o®» uao -ft Hobok 290 Petro 4400 -05
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      • 191 8 JAM 14 Dm 4 Alls Lfttwn *****0 ■3D Alls Ver* «as» -AS BASF Bay U T Wtoank Ba; Vtenk 131 JO IdOO rmoo •U -1 -a Bayer BBC 114J0 301 00 41 bmw iwao CtawlU Chem Verw ComiMneuit Conli Oumml Daimler-Bans m m 114J0 usoo 44.00 nuo 2T7 00
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      • 184 8 JAN 14 Action* ii Alutultte Br Prmnet M Ml •1 .j Alutultte Dm Brown Bowl Br. ion Clbt O«l0 Br. jy|n Clba Oficj P C m CM* Q«Hy RM 552 Crwdlt Sultae Br iyn Credit Sultae kef im Elektrowatt Br Otorr ruchtf Br S06 Otobtn PC Tno -0 -25
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      • 176 8 JAN 14 ru ABM 291 00 •M. Ahold 61 00 -1 kkm 25.00 0.4 AMIV 8140 01 Amite moo unch Amrobnk SSJO 0.6 ST" 23J0 1J Anil M 70 -0.8 BorsumU 9ft 00 unch Burtuunn 3800 -as Cmiand MJ0 unch Call* DaLft ***** -OJ Dell iflj TO JO -0
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      • 103 8 JAM 1« Lire BaaVOfl 1« -64 Bel ***** JT5 Cantnic Ord Slit 136 Oood Acqua Roma 196 JO *13 fcrvianla ***** unch Flat Ord IMS 33 OanarmM 'IJilMlfl 1360 Ola 3066 0 Ift Pit* 3no 130 Intaai ati S lUMnnU Ord ***** ISO iuuga* 006 a Uprtlt CM Madiobanca
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      • 193 8 JAN M C$ Abiubi Alcin Alfoma Bank Mont Bank Nova ScoUa ao-i b MS 42 Z3*. »"> H unch unch -H Bell Tel BtUl Cora BP Can Ltd Camp Red Lake Can Imp Bk Cm par Can par In* PT Carllng OXeefe Comlnco Con» BaUt Coiu Mart* nor Oankoe
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      • 270 8 JAN U Rand INDUSTRIALS A Alpha |0( Abercoai AK And CI A MIC BorVowi MO wa sac unch uncb -MO -to -i* until CM* Finance ***** -1 K Ind I 1 U|tn 810 H00 -15 unch Fed Vol* SK unch rufit Otrtiui Oleosa! Ortlemo Ml* Hippo Hlweld 525 WMh
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  • Page 8 Advertisements
    • 249 8 The American Express Card serves you well, wherever good food is served'! iro *i* i Snacks for your island treks AKES Take your pick: Curry Puff Chicken Pie Gateau Cake a Hot Dog Hamburger Sandwiches 1 Roast Beef Bun Pack Lunch Op«n: Monday Friday j/Qr 10,00 a.m. 6.00 p.m. Saturday,
      249 words
    • 91 8 r-Ji JAPANESE RESTAURANT For sushi. For teppanvaki. For other authentically Japanese delights. 11 > ■>< i, < );vn ifij,i l> •)(>/> I or reserrati< >ns call 737 Hu7 M 111 11'\ I\l lk 14 ||4 *-*1 I M J;k(S FIUP HYATT REG€NCYO9NGAPO« Coma Modal Agency TUESDAY tashion occlusives Showtime: 1.15
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    • 136 8 @[*)-**;_="_{[<:]_@/<`;./)=!@,+ mm; r (OVIIXI VIS K I ST A I RANI Before you fly away to foreign lands, check-in your bags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most superb international cuisine you've ever tasted. Lunch 12 noon pm Dinner
      136 words
    • 164 8 When you dine, dine Cantonese. pt 2 JPOI If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an
      164 words
    • 159 8 as good as going to Bangkok. V This is Thai Seafood at its authentic bast So (rash, it could have been aliva 15 minutes before coming to your table It was An anormous variety ol succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant WWpiWBI Ox
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  • RAW MATERIALS
    • 175 9 CHINESE Pn*m Exekuge, Stagapsre, mm elssiag price» per 1M kg yesterday. CtMMt M: Bulk fob »00.00 sellers, old drum (In second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Capra: Mixed (loose) $50 00 buyers. Pepper: Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white
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    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CsttM yara: China Blue Phoenix 20b 2,490 32s 3,140, 40s 3,270 (per bale of 400 lbs). Ptom gee*: China Butterfly and Globe brand unq; Dragon Head unq Five Lambs unq; Flower and Butterfly
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    • 90 9 THE STRAITS tin price in Penang yesterday (ell 15 cents to M$34.M a kilo, but still within the ITA middle sector of 332.M and $34.18. The further fall was due to overseas and local buyers remaining on the sidelines awaiting the outcome of the coming International Tin Council
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    • 34 9 Rubber: Jan 15 Singapore: Feb: 183.50 cents (up 4.00 cents) Malaysia: Feb: 206.00 cents (up 3.50 cents) Tin: M 534.80 per kilo (down 15 cents) Official offering: 246 tonnes (up 15 tonnes)
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    • 703 9 COFFEE: Robusta futures yesterday ended a quiet morning slightly firmer, between £5 and £1 a tonne above Thursday's close in traded positions. Dealers reported some trade on Thursday in Ethiopia washed sipanos for Jan/ Feb shipment at $180 per 50 kilos, slightly higher than in recent days and
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    • 124 9 THE Kuala Lumpur palm oil market yesterday eased in late quiet trading as buyers became satisfied, dealers said. In January, south dropped M 57.50 to $947.50 a tonne and central was down $12.50 to $937.50. In February, central (ell $10 to $935 while south traded at the same
      124 words
    • 246 9 SOYBEAN futures In Chicago on Thursday extended gains late in response to the run-up in soymeal futures, to close 10 Mi US cents a bushel higher in spot January to up five cents. Prices rose from the start as forecasts for continued extreme winter conditions in the US resulted
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    • 204 9 WHEAT futures in Chicago on Thursday drifted higher late in sympathy with the extended advance in soybeans. Prices settled up two to one US cent a bushel in extremely low volume trade. Prices trended firmer most of the session following the soy complex, but gains were limited as increased
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    • 1016 9 NEW YORK STOCKS STOCKS IN New York on Thursday closed narrowly higher for the first time this week due to a combination of technical factors and some positive projections for the economy. The Dow Jones industrial average closed up about three points. Advances edged past declines by
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    • 249 9 THE Singapore rubber market yesterday closed firmer with February One RSS buyers quoted at 183.50 cents per kilo, up four cents from Thursday's close. The morning market advanced 2.50 cents on higher overnight London advices, covering interest of February and March and substantial buying of April/June. Prices rose further
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    • 331 9 RAS prices in cenU per kilo yesterday: KIami nooB (per Ulo) Buyers Sellers Int. 1 R.S.S prompt (.o.b. 179.30 180 50N Int. 1 R.S.S. February ***** 181.30 Int. 1 R.S.S. March 183.50 184.30 Int. 2 R.S.S 168 30 170.50N UK/Coot 107.30 100.50N Int. 3 R.S.S. 1® JO 167.SON
      331 words
    • 108 9 NOON 38R and 3MR pnca. ym •unlay ■A8 r«kntn (Cvml Mth) Ntnk For..rd Mlh) SSR20 (l-taa p*U*t> 166 SO irsoN 167.60 189. SON SSR 50 Il ia ptttM) 161 JO 1*3 SON 163.SO 1*6 JON MRELB Pcbraary Man* SMRCV ll-toa pall*) 188.40 191.SON 191.50 193 SON SMR
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    • 334 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.06, 100 per cent third class 1.03, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.71, Special
      334 words
    • 415 9 Reuter LEADING Japanese commodity markets, including those dealing in rubber, sugar and grains, are displaying a trend towards interna tionalisation. Ihee Baba, managing director of the Japan Federation of Commodities Exchanges said the move is a reflection of the Japanese government's aim of gradually
      Reuter  -  415 words
    • 274 9 IN THE (our market days under review, current INT One RSS February improved some three cents from last week's low. Levels fluctuated narrowly around the ISO cents (S) mark in quiet trading, with turnover on the low side. IMMay, Caller, Balk aai Campaay, in its rubber review
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    • 311 9 THE Executive Board of the 100 has rejected a Secretariat request to cut the total import quota of member consumer countries who imported coffee from nonmember countries from 612,533 bags to 533,296. At Thursday's ICX) meet- ing in London, the Secretar- iat said that
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  • Page 9 Advertisements
    • 322 9 it* i The key to under standing ASEAN The ASEAN Report Update Published by The Asian Wall Street Job The ASEAN Report Update analyzes the political, social, economic and investment policies of each country. It also offers a wealth of practical information, factors of real importance to anyone making business
      322 words

  • 1664 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 (1918) (3)
    1,664 words
  • 67 10 DIAMOND MOT RTOU S"p«* Fd (U9|) 81 0» OS 1.71 (DecMtoday) WCMttWWpuWT lacoaw Bead 151 ■uiiwiopunu MU ~'"VB"*L» TfcMBpitr. 411 Ol Fwrtt B purm 4.M VIRkBputra J. 11 lit Stett B putra 1.TT IB U) ta i.r B*p«r» B) U1 XM ag**_B pmrm (B) 1.71 M B pmrm
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  • 2861 10 1981/1982 High Low Coapur Last Sale orGr*s Div Div CVr Y'ld Net P/E Vol cooo) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 115 360 312 420 200 470 532* 675 430 248 Acma 115 Alcom 130 Allied Choc 150 BAT 308 v BaU 75 v Ben
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  • 1790 10 BID and offer prices official] 3 listed and business in and n a ported to the Kuala Lutnpu Stock Exchange yesterdaj with the number of share > traded shown in brackets i lots of 1,000 units, unless othei wise specified. DKDUmUAUl IJhlMrtl <3 548 IMS) (1) 3
    1,790 words
  • 50 10 WEARNE Brothers, limited: 67th AGM to be held at the 19th Floor, OCBC Centre, Chulia Street, Singapore 0104 on Jan 18 at 11 am. CHEMCIAL Campuy ti Malaysia Berkad: Twentieth AGM to be held at Bangunan MIDF, 196A, Jalan Pekeliling, Kuala Lumpur on Jan 19 at 11.30 am.
    50 words
  • 683 10 THE perfamuM sf share prices At the stock market 4 yesterday wu m sarprtae. It wm a flat eadlag to a bearish week. 0 Teehaksal rally after fear ceaceeatlve days af laaaea, wm expected. There were therefore ae Jeytal faeei whea the Btratts Times ladex clisal
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  • 566 10 SHARE prices finished higher for the first time yesterday on the Kuala Lumpur Stock Exchange this week following a steady opening. Turnover was slightly lower. Support continued to lift prices in the afternoon session, resulting in several counters notching up good gains, although a few closed
    566 words

  • COMPANY NEWS
    • 682 11  -  Harket Ta11... a round-up of viewpoints compiled by Chris IJm Chris Lim HIGHER costs are biting into the profits of Selangor Dredging and Berjuntai, two public Malaysian tin mining companies. An analysis by Laurence, Prust k Co, a London broking firm, indicates that
      682 words
    • 185 11 SISTER companies, The Straits Times Press (1175) and Times PahHshiag, have announced that their extraordinary general meetings will be held after the annual general meetings at Supreme House (11th floor) Penang Road, on Jan 29. The meetings will mainly be to obtain shareholders' approvals for their proposed bonus
      185 words
    • 257 11 Dl\ KRSIFIED Tlmaraa (foldings Berhad has formed a tt-M Jafot veatare nap my with Jaag Brothers Ma Bhd af Kaehlag la a nwve to boast sales af the eompaay's predaeto la Sahah, Sarawak aad Braaei. TV aew eompaay, kaawa aa Tlmaraa-Jsag Brothers Sda Bhd, with a
      257 words
    • 117 11 THE Kuala Lumpur Stock Exchange has asked Sentoaa Plywood to give the basis on which the cash consideration of 13.015 million for the sale of 900.000 sham of Faber Merlin was arrived at. It is to name the purchaser and agent as well as to give the expected
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    • 868 11 LONDON, Thura. The market showed no real trend, with some operators holding back as the UK miners' pay ballot opened today. The Financial Tiroes Index closed at 527.2, 0.1 points down from yesterday's close. Government bonds showed no reaction to the UK banking statistics, ending narrowly mixed. Gold
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    • 512 11  -  By TRACEY CHIN UNIDENTIFIED Malaysians are behind negotiations with a Harrisons and Crosfield subsidiary, Sogomana Group, to purchase the latter's choice Shelford Estate The negotiations for the 207 hectare-estate in the Greater Kelang Valley, are reportedly at an early stage and will be
      512 words
    • 699 11 BARRING unforeseen circumstances, Kramat Tin Dredging Berhad expects its tin production for the current year to remain fairly constant in line with the output of its first quarter. Output for the first quarter ended Sep 30, 1981, totalled 74,230 kg, an average of 24,740 kg per
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    • 173 11 UNITED Motor Works will be taking over five Toyota companies from Inrhcape Bbd and not four as agreed earlier on. Originally, the assets and liabilities of the Toyota business in NBT (Sabah) were to have been transferred to NBT (Sarawak). But instead, NBT
      173 words
    • 337 11 Date La at Pall Yei ir Company Period Auaueed Net EPS Grass Pre-tax last year (ceato) Div. Preflt H Royal <%) ($t«) F 18/12 5.9 819(c) San Hldgs I 20/12 797L Sembawang Ship F 27/1 52.3 30.0 87.493 ous F 2/2 5.0 2,491 Shangri-La F 3/2 16.6 12.5
      337 words
  • ASIAN STOCKS
    • 219 11 STOCKS IN Hongkong yesterday closed firmer on bargain hunting at lower levels and on a technical rebound after Thursday's fall, brokers Said. The recovery on Wall Street after its recent fall also contributed to the steadiness in Hongkong, although trading was subdued as most investors declined
      219 words
    • 236 11 SOME key resource issues in Sydney yesterday firmed in dull trading but weakening prices of a range of smaller stocks offset the gains. The chief market monitor, the All-Ordinaries index, eased 0.4 points to 557.8, dealers said. JAN 1 A. a: A N A Canto INDUSTRIALS
      236 words
    • 72 11 Jan is Bahu Aala rtbra AruUiajra In* And Trust Bangkok Bank Bui! Of Arudhaya 252 unch t.M 156 unch Barll Jucker Charoonf Thai Wlr» rint Tru«t Z 44 unch Industrial MnanC» Corp 108 unch International Coemetlcs International Tru St And ru Rama Tower Saha Union 54.75 -03 154 -I
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    • 66 11 JAN IS Pcaoa Aco)c Mining 0081 unch AUu Con. A AUu Con. B. 1140 -01 Btfulo Oold 0015 unch Benfuet Con. B BP Ooodrlcl) 4100 CDCP Landou unch L«panto B. .1008 unch Marmdoqu* B Ortnui A 4.10 -0.4 Oriental 8 arm -0.002 Phlle* A Phllex B 1600 iinrh San
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    • 59 11 FINANCIAL TIMES INDUSTRIALS Thursday 527.2 Wednesday 527.3 Week Ago 529.5 DOW JONES AVERAGE INDUSTRIALS Thursday 842.28 Wednesday 838.05 Week Ago ***** H.K.HANG SENG Friday 1410.48 Thursday 1398.82 Week Ago 1415.79 AUSTRALIAN INDUSTRIALS Friday 708.1 Thursday 710.8 Week Ago 725 4 ALL ORDINARIES Friday 557.8 Thursday 558 2 Week
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  • Page 11 Advertisements
    • 249 11 I I -A. V *TJ S3 Philips' ILLUSTRATED ATLAS THE WORLD What makes PHILIPS' ILLUSTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually exciting, very readable and packed
      249 words

  • Chief Price Changes
    • 140 12 Rises H L«oi( Pin 900 40 Hoif Ltoaf lad Straits Trading 1100 30 980 30 8 Fiaaaca 620 25 C Sugars OCBC 1400 20 1130 20 Saa View 080 20 G Corpo US 20 Castings 535 +ao PMC 418 18 SiprtM Corpa 304 18 Grand Caatral 545 15 Falls
      140 words
    • Article, Illustration
      131 12 Rises C Sugars 1530 50 Gadek 500 40 S Trading 1060 40 Norsechem 366 26 Supreme Corp 436 +30 Tlmuran 640 +30 Berjuntai 860 OCBC 1»0 30 Pengkalan 1360 30 City Dev 468 +18 Falls H Leoog Finance 970 -30 Ayer Hitam mo -30 Syn Resins 400 -16
      131 words
  • 497 12  -  Companies Editor: Mino Sabnani By KOH TSE YING LARUT Tin Fields, which was to acquire three property companies, will now be able to proceed with only one of the proposed deals. The Malaysian Capital Issues Committee has turned down one of the proposals and revised
    497 words
  • 303 12 ULU Benut Consolidated Industries is continuing its diversification into properties this time acquiring a choice piece of property in Kuala Lumpur (or $3,412 million cash. The company announced yesterday that it is buying two lots of land, adjacent to each other and covering 7,124.6 sq
    303 words
  • 422 12 Canal Ex Baaka Date TMal far TataJ far Paymeat Date date PayaMa the year Ptailaai year Allied Chae 7% Jan 4 Jan 9 Jan 18 7% 4%TE Bats K*mi 15% Feb 8 Feb 18 Feb 27 20% 20% cct M 35% I Jan 8 Jan 20 Feb 4
    422 words
  • 294 12 Company Particulars Ex Date Books Close MBFHMfi Proposed bonus issue MBS of 1 fori NYA NYA Proposed bonus issue of 1 for 3 NY A NYA Rights issue of 1 for 3 12.90 per share City Dot NYA NYA Proposed bonus issue of 1 for 3 NYA NYA
    294 words
  • 344 12 AFP ROYAL Bank of Scotland (RBS) chairman Sir Michael Herries was given a rough ride at the bank's annual meeting on Thursday by shareholders unhappy with the RBS board's attitude over two takeover bids. Some shareholders appeared displeased that the board
    AFP  -  344 words
  • 127 12 AFP HONGKONG'S two largest entertainment groups have bought the world-famous Marine land of the Pacific in Las Angeles for about HK|B7 million. The two entertainment companies involved are Far East Motels and Entertainment and Hongkong International Amusement, 'both directly controlled by the Chiu family. The
    AFP  -  127 words
  • 243 12 THE Beiug»r Properties aeqalsltioa saga hat takes a aew twist. It Is bow believed the notice of acquisition wai 0 Mta government gazette order bat only aa "ladlcaj tion of intention". The problems are now t alleged to have reoalted from a
    243 words
  • 600 12 AGGRESSIVE Public Bank has forecast that its group pre-tax earnings will be M 553.65 million for the i year ending Dec 31, 1982, barring unforeseen circumstances. If achieved, this will represent a hefty 50 per cent increase over the estimated group pre-tax profit of 135.70 million
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  • Page 12 Advertisements
    • 216 12 An Asian Development Bank Survey AS ENERGY PROBLEMS This report represents a first step towards a more nfcaningful understanding of the energy situation in the Bank's 25 Developing Member Countries; Indonesia, Malaysia, Afghanistan, Bangladesh, Burma, Cambodia, Nepal, Pakistan, Sri Lanka, Vietnam, Cook Islands, Kiribati, Maldives, Solomon Islands, Tonga, Western Samoa,
      216 words
  • Page 12 Miscellaneous
    • 66 12 OUTLOOK for Singapore today: Fair and windy but showers are likely in a few areas in the late afternoon. Report for 24 hoars prior to 7Jt pm m Jm IS at the airport: Maximum temperature 29.8 Associated humidity 72 Minimum temperature 24.0 Associated humidity 92 Hours of sunshine 0.70 Rainfall
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  • LEISURE TIMES
    • 797 13  -  By LEE YOKE MENG "THE ONLY way to know how it really feels like is to try it yourself," he said. But there was no way I could have gone up in the air or even touched the strings of his huge Delta. Certainly not
      797 words
    • 414 13 REMEMBER those days when your tiny laying layang used to get caught among the tree tops, or when it flapped and drooped miserably in the frail wind? These days, kites are harder to come by. Understandably, it is difficult to fly one without having
      414 words
    • 359 13  -  WEEKEID GOURMET SALMA KHALIK HAVING the same menu every day of the month and every month of the year can be very boring, and that is the last thing a restaurant can afford to be. It is no exception even for an exclusive place like 1819. So
      359 words
    • 385 13  -  PETER WONG LOVE HAS COME to the Belvedere Supper Club at the Mandarin Hotel. But it is not merely a more romantic decor or the addition of violinists to serenade lovers that has caused the change. The whole atmosphere at the club exuberates I'amour
      385 words
    • 685 14  -  SPONSORSHIP OF $340,000 FOR TEN TOURNAMENTS By CHARMAINE CHAN ALMOST 1340,000 have been poured into 10 golf tournaments confirmed for this year to be held at courses in Singapore and across the Causeway. Professionals can also expect to compete in at least another 10 tournaments
      685 words
    • 470 14 UPI JATEO "Jet" Ozaki, a forJner Japanese baseball •fritcher who took up golf 10 tirears ago at the age of 18, a 4-under-par 68 at Dunes on Thurs*day to grab the secondSound lead in the US$3OO,--900 Bob Hope Desert Classic by a stroke
      UPI  -  470 words
    • 166 14 AFP THE Philippine Open GMf Championship will be held (ram Feb IS to 21 in nfeirbfti ManWack Wack Gelf Mi Cnnntry Clob to ■tori. the lMtege Asian GMf Clrenlt this year. Clab prrstdft Herminto Dtafad annenneed the toanuMt sehednle, which has already enlisted
      AFP  -  166 words
    • 226 14 CIRCUIT weight training is the answer for those people who don't enjoy jogging, or squash, or other similarly strenuous modes of exercise. A detailed yet entertaining film, lasting 20 minutes, (resents in a clear and concise format the benefits and scientific approach of the circuit
      226 words
    • 197 14 NEW ZEALAND'S World Cup soccer director is hoping to arrange a match against Kuwait lata: this year, possibly in West Asia, and a tournament in Auckland involving Australia, New Zealand, Kuwait and China. Charlie Dempsey yesterday said he plans to discuss the proposal with
      197 words
    • 677 14  -  CHARMAINE CHAN THE CREAM of the Southeast Asian windsurfers will converge on the Chinese New Year weekend (Jan 23 to 25) for the Ist Singapore Boardsailing Open Regatta to be held off the East Coast The Straits Steamship Group is sponsoring the entire event which
      677 words
    • 305 14 TODAY: GOLF: SICC: The Bukit location is the venue for the Gold Medal strokeplay competition scheduled far this afternoon. Sentosa: The first competition for the club's members is their monthly medals which will be played in the afternoon. Keppel: The 'A' and 'B' monthly medal competitions planned
      305 words
    • 134 14 AP AMERICAN Bfll Rodgers, four-time winner of the Boaton Marathon, will Join 34 other foreign runner* in the second Tokyo Marathon on Jan XL The Tokyo event will be the 34-year-oid Rodgers' first race in Japan since he was placed sixth in the 1978 Fukuolt* International
      AP  -  134 words
    • 1027 14  -  By RONALD KOW ALL THE excitement should be over by now. The national football teams of New Zealand and China have returned to their respective homes to take a well-deserved rest. In the New Zealanders' case, the rest has to be a rather short one
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  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 430 13 WHAT WHERE CONCERTS THE Siagapare Symphony Orchestra begins its new season with guest pianist Alan Weiss. Dr Weiss will play Brahms's Piano Concerto No 1 in D minor. Other items include Beethoven's Choral Fantasia Op 80 and Chu Chien Er's Festival Overture. Also appearing in concert is the Singapore Symphony
      430 words