The Business Times, 20 February 1982

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, FEBRUARY 21,1982 60 CENTS
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  • 558 1  -  By WANG LOOK KEAH TRAINING of skilled labour by the various technical institutes in Singapore has not kept pace with the specialised manpower needs of the fast-expand-ing aerospace industry. The industry yesterday urged the Vocational and Industrial Training Board and the Singapore Polytechnic
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  • 911 1 SIME DARBY'S interim profit figures released yesterday are a distinct let-down. Compared with the small profit drop registered in the preceding year, the group's earnings have shrivelled by nearly 30 per cent to M 5102.9 million before tax for the first six months to endDecember
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  • 471 1  -  By WONG AI KWEI TOP STUDENTS from both the science and arts and social sciences faculties of the National University of Singapore can now complete their honours degree courses in three years. According to Miss Ng Suan Eng. assistant registrar of the NUS, "direct" honours courses
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  • 331 1 THREE OIL companies have reduced their petrol and diesel prices at the pump today, three weeks after the five of them reduced their postings. The cuts, ranging from 2.3 cents to half a cent a litre, were made by Shell, British Petroleum (BP) and
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  • BRIEFLY...
    • 64 1 AP BRUSSELS, Fri. Unemployment in the European Economic Community (EEC) hit a post-World War n record of 9.5 per cent last month, providing new evidence of Europe's continuing recession. The data, released by the EEC statistical service, showed that about 450,000 more people were jobless in January
      AP  -  64 words
    • 105 1 AFP MANILA, Fri. The Philippines has lifted import restrictions on 610 banned items in line with its import liberalisation plan. Among the items taken off the import ban list are wood, leather and rubber products, pulp and paper, furniture and travel goods, footwear and headgear, electrical and
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    • 55 1 Reuter JAKARTA, Fri. Indonesia's state oil company Pertamina currently has a total debt of US$2.3 billion, down from $4.4 billion a year ago. Pertamina president directorgeneral Yudo Sumbono said that of the total, $924 million was owed in interest and $1.4 billion in principal to the Bank of
      Reuter  -  55 words
    • 95 1 JOHORE BAHRU, Fri. Banks in the country have been alerted to be on the lookout for an international syndicate which specialised in using the telex machine to cheat them of millions of dollars for the past two years. New security codes were introduced following an attempt to cheat
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    • 55 1 AFP JAKARTA, Fri. French and West German interests are expected to invest a combined US$l billion in Indonesia this year. Capital Invesment Coordination Board chairman Suhar Toyo has disclosed that several companies of the two countries have made commitments for investing in the pulp and paper, general engineering
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    • 43 1 AFP TAIPEI, Fri. Taiwan is making preparations to manufacture tanks, ships, and other sophisticated weapons, and military equipment, Premier Sun Yun-Suan said here today. He added that the government has made considerable progress in the development of a defence industry. AFP
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    • 63 1 Reuter FRANCE, Fri. A group of European parliamentarians have threatened to seek the dismissal of the European Common Market's 14 commissioners if they do not change the way farm surpluses are sold to the Soviet bloc. The parliament's budgetary control committee has produced a report attacking the present
      Reuter  -  63 words
  • 268 1 A RENEWED urge sf caafideace la the 81agapare stock market seat share prices higher aersas the beard yesterday. The Straits Times ladastrlal latex added aa 11.11 palate to 7SSJI, paahlag the haremetor hack ahave the 7» mark reached last Friday. Yesterday's riae la the
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  • 283 1 SUN Hung Kai Finance Ltd has obtained approval for a hanking licence in Hongkong. Mr Albert Chan, managing director of Sun Hung Kai Securities Pte Ltd in Singapore, said the Hongkong government reviewed the rules and conditions for the issue of banking
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  • 183 1 PRIME lending rates here are fast approaching the nine per cent level. Indications are that the monetary authorities are keen to have rates drop a little further. The official rediscount rate was cut from 7.75 per cent to 7 per cent yesterday the
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  • Page 1 Advertisements
    • 223 1 n I Times i:» Leader...page I mm >kb k A AUSTRALIAN investments here will continue to grow at a healthy rate of 20 per cent with the support of promotional activities from the Australian authorities and the Economic Development Board Page 3 PRESIDENT Reagan has endorsed the Federal Reserve Board's
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    • 121 1 "Sweet Swinger" The MacGregor EYE-O-MATIC Classic. A classic wood with the famous shallow Eye-O-Matic face Automatically points out the hitting area to the sweet swinging type of happy players for deadly accuracy! With further assurance of an easy swing from the added loft. The famous EyeO-Matic classic. A Made from
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    • 3 1 Leader ...Page C
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    • 34 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) 0 6 /M/ O (1° *1 PL' j .1 V 1 ie Agent: EXCELSIOR (PTE) LTD. High Street, Singapore 0617.
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  • BANKING AND FINANCE
    • 463 2 Reuter THE Bank of England covered a shortage in the London money markets on Thursday by giving well over £1 billion of assistance during the day. Dealers said the bulk of the shortage was caused by Thursday's over-subscribed offer for the sale of
      Reuter  -  463 words
    • 647 2 Reuter AUSTRALIAN bond sales in the week ended Feb 17 totalled AI3OI-2 million, the Treasury said. Of this, $300 million were subscriptions by the Reserve Bank, which represented reinvestments of maturing February 1982 Commonwealth securities. Saks of the 14 per cent April 1984 series totalled $100.4 million
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    • 289 2 Reuter AUSTRIA has granted the Soviet Union a 10 billion schilling credit line at 7.8 per cent, open until the end of 1983, Creditanstalt-Bank-verein managing director Hannes Androsch said. He added that a delegation from the Soviet foreign trade ministry negotiated the credit line with
      Reuter  -  289 words
    • 257 2 VISA credit card transactions are getting to be more and more lucrative. Around 16 billion worth of transactions are made through Visa cards each year in the AsiaPacific region. The size of the transactions is expected to get even more bigger
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    • 144 2 Reuter VENEZUELA'S state power agency Edelca has invited a group of banks to bid on a US$3OO million to $500 million Eurocredit. The loan, with an expected maturity of eight years, is unlikely to match the relatively fine terms on last year's $186 million credit, which had
      Reuter  -  144 words
    • 330 2 UPI THE MEXICAN peso plunged almost 50 per cent in value against the dollar on Thursday in the wake of a government decision to stop propping up the currency. It was the second major devaluation in nearly five years. The 48-per cent devaluation
      UPI  -  330 words
    • 303 2 Reuter AMERICAN presidential economic adviser Murray Weidenbaum is concerned about the new round of higher interest rates, as expressed by the prime rate's rise to 17 per cent on Wednesday, but said the higher rates will not abort the economic recovery expected in the second quarter.
      Reuter  -  303 words
    • MONEY AND EXCHANGES
      • 473 2 THE US dollar was generally weaker against major currencies on the local foreign exchange market yesterday. Against the local currency, the US dollar opened at 2.1095/06, sharply lower from the previous day's closing level of 2.1190/00. The market waa quiet as most banks preferred to keep square position
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      • 203 2 THE dollar for overnight delivery in Tokyo yesterday closed weaker at 233.60 yen compared with a 234.90 opening, dealers said. This was sharply down on its 234.80/235.00 close in both New York and on the IK West Coast overnight and the 237.90 finish in Tokyo on Thursday. Trading was
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 22 to Feb 26: Ofltond: $150,000,000 ApplM tar: $333,770,000. AlUtto* $150,000,000. Accepted Mis: $99 *4 approximately 98 per cent higher bids in full. Average rate tt Haemmat •a aUtmest: 2.240 per cent per annum.
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      • 23 2 THE average rate at which major Singapore banks are ear* rently prepared to lend to their best customers ia 10.15 per cent.
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      • 173 2 ASIAN ASIAN currency deposit Interbank rates as at close on Feb 19: U8 MUn(gMt) OflWr M 7d *ys 15* 15* 1 month 1513/*****1/10 2 month* 1513/*****1/16 3 months 15* 15* 6 months 15* 15* 9 months 151V*****1/16 12 months 1513/*****1/16 Dm. (win. IMLUL. m 1 > 1 month 3 months
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      • 42 2 RANGE at price* after «d by discount haw on FX) 19: Overnight: 3W* Call deposits: 3W« Clociaf 3-month S*UiM Treasury bills 2% *K 3-month Bank bills 7 3 months CD 0* 8H 8 months CD 7% 7% Source: National Discount Co
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      • 176 2 THE dollar in London yesterday fell back in moderately active early trading, maintaining the easier tone first seen in the US on Thursday, dealers said. All major currencies benefitted, with the yen gaining most after a sharp rise in the Par East. The dollar was depressed by sharply lower
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      • 220 2 SINGAPORE gold futures yesterday closed generally easier compared with overnight levels in light tradingPrices were marked dowdn between US$5 to |6 an ounce at the outset reflecting the metal's decline in New York on Thursday night. Thereafter the market recovered marginally at mid-day before falling again in afternoon trading
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      • 31 2 Nwr Yort IS IS 8J66 S.fiS Zurtct) UB 8.4BB UK UQ6 PM Ttan aagmport rvatng prk UBB UIB UBS USS to US dollar* troy one Source: Credit Suisse, S'pore.
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      • 158 2 THE US dollar in Hongkong yesterday recovered against other major currencies except the yen, trading quietly ahead of the weekend, dealers said. .The dollar fell initially continuing the weakness in the US, but recovered along with firmer Asian dollar rates, they added. The dollar ruled higher at 2.3600/10 marks
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  • Page 2 Advertisements
    • 275 2 V v: > o o o o ~?b riSii :<i •X>. n* X 4< Anything no heavier than 10 kg, no more than 120 cm in length, width and height combined, not valuables, not to eat and not alive,can reach the consignee almost anywhere in Europe as a Swissair SPCX
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    • 253 2 L Senior Appointment r FACTORY MANAGER A large poper packaging Company in Singapore is looking for an experienced and qualified Foctory Manager to run its newly formed corrugated box foctory. The appropriate candidate is expected to possess the following qualifications and experience: (1) A degree or graduate qualification in industrial
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  • TRADE AND INDUSTRY
    • 325 3 SINGAPORE should consider the various incentive schemes introduced by &pan to encourage the use of robots. Mr Chandra Das, MP for Chong Boon, made this suggestion yesterday at the yminar on "Applications of industrial robots" organised by the National Productivity Baard (NPB). He said:
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    • 176 3 A SINGAPORE company, Land aad 8e» Caaatraetlen Services, will bolld a link spaa bridge for the aerthern AutndtM pert «I Darwin. The bridge will be ballt bere aad be shipped to Amtralia far iastallatlen an campietfoa la October. The 85-metre toag bridge will be
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    • 305 3 THE COMPUTERISED area traffic control (ATC) system, introduced in the city area in June last year, helps to increase travel speed by about 20 per cent. It provides a continuous green wave effect as the driver travels from signal to signal in the central area and
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    • 194 3 A TRADE mission from Wolverhampton, England, will be in Singapore from March 15-19 to look for agents and joint venture partners. The mission comprises 18 companies representing a range of products from new plating processes to ceramic sanitary-ware and other bathroom products. One of
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    • 354 3 GREY Advertising executives from New York, New Zealand, Japan, Australia, Hongkong, Thailand, the Philippines, Malaysia and Singapore will attend a three-day meeting at the Shangri-La Hotel from Feb 22. Among the topics to be discussed is the application of brand character (TM) by each partner agency. Brand character
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    • 290 3 MALAYSIAN property developer Gwei Way Kiat has turned to property projects in Sri Lanka as it offers a more lucrative rate of return than Singapore. Mr Gwei's Singapore company, Siglap Development, is building a fourstorey shopping centre on the former Siglap market site. It is
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    • 421 3  -  By WONG SOUK YEE AUSTRALIAN Investments here will continue to grow at a healthy rate of 20 per cent with the support of promotional activities from the Australian authority and the Economic Development Board. The Australian senior trade counsellor, Mr Graham Rice, also
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  • Page 3 Advertisements
    • 235 3 UAC UAC BERHAD (Incorporated in Malaysia) INTERIM REPORT TO SHAREHOLDERS The unaudited results of the Company for the half year to 31 st December, 1981 are as follows:IN Ms*ooo 1981 1980 1980/81 FULLYEAR Your Directors take pleasure in reporting a good performance for the half year. The corresponding penod of
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    • 549 3 THE CONFERENCE In 1979, the Times Organisation organised Singapore's first-ever conference on 'Trade With China'. In that year, China opened the doors of its enormous market to foreign trade and investment. Since then, the 'Four Modernizations' policy of the Chinese Government has undergone tremendous changes. The initial euphoria has ebbed.
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  • OVERSEAS
    • 395 4 Reuter OIL companies in London suspect the current glut may be bigger than they thought and unless Saudi Arabia acts soon, to make a sizeable and publicised output cut, it may find it too late to stop a slide in prices. Oil
      Reuter  -  395 words
    • 221 4 MAJOR steel producers in Japan have asked the Ministry of International Trade and Industry (or a shorter depreciation period in preparation for the renovation of production facilities in the second half of this decade. The Japan Iron and Steel Federation said the request
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    • 683 4 NYT PRESIDENT Reagan has endorsed the Federal Reserve Board's (Fed) tight monetary policy, saying that his administration and America's central bank can bring down inflation and interest rates faster by working together than by working at crossed purposes. Reagan said high interest rates
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    • 342 4 UPI A PANEL of economic experts who studied the world's economy have predicted that most of the nations that ring the Pacific Ocean, except the United States, will have a good year in 1982. But they also said that all the Pacific Basin countries
      UPI  -  342 words
    • 203 4 THE Consumer Price Index (CPI) for Peninsular Malaysia rose 9.7 per cent during the January-November period last year compared with the U months of 1980. Most of this increase was due to a 10 2 per cent rise in food prices, 14.2 per cent
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    • 126 4 Reuter ladepeadeat CnuMn Agalart Carrapttea (ICAC) hu arrested IMeii Mclaaea, the ferner CmWtMr SMifWM. It «U Mr Melnn, «to last oct#b6f| was u I wlwl u4tf i McttM af ft Prevea ttaa tt Bilki} wfIMM. He «M first fwttiMi aa Wedaeaday, thea arratod aad wltMei
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    • 306 4 THE GLOOMY outlook of the world airline Industry has affected the Malaysian Airline System (MAS), which is said to be going through "trying times". During the current financial year ending March 31, the airline is expected to lose about Msls million, compared with a
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    • 493 4 THE Ford Motor Company, the fourth largest corporation in the United States, is confident it can contribute to the Asean complementation project relating to car*. This is the view of chairman Philip Caldwell, who is on a three-week tour of the Asia-Pacific
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    • WORLD IN BRIEF
      • 369 4 Agencies THAILAND'S economy this year should continue to expand by about 7 per cent as in last year, but it faces the problem of lower prices for export commodities. The Bangkok Bank yesterday said increased world food production would tend to weaken prices o( agricultural products which forms
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    • Article, Illustration
      491 4 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bela Rozo (1900 after Lamma Island) 13/14 Berdikari (after Sanko Soorpio) 19 Botany Treasure (Tanker) (1200 D/L k T/L Subject Gas Free) 35/36 Belo Mundo (hauls 27m East Agents' request after Kota Alam sails) 8/9 Equator (after Kim Soon Li) 22 Feng
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    • 369 5 Reuter WEST German Economies Minister Otto Lambsdorff has begun a nine-day visit to the US, saying he fears a further extreme movement of US interest rates this year. Addressing the GermanAmerican Chamber of Commerce in New York, he said: "The America draft budget
      Reuter  -  369 words
    • 539 5 AP, Reuter THE US International Trade Commission has ruled that the government should continue to investigate charges that European steelmakers are selling products in America at illegally low prices. The preliminary action on Thursday sent 38 cases against nine foreign countries to the Commerce
      AP,; Reuter  -  539 words
    • 285 5 Reuter BRITAIN'S Conservative government is pressing ahead to sell the state-owned British Airways, which is now incurring heavy losses. Aviation Minister lain Sproat, visiting the East Midlands airport outside Nottingham, said the airline lost £141 million last year and faced another big loss this year, but
      Reuter  -  285 words
    • 706 5 ARRIVALS Service Local Operator Number Tine From JL. AMI 0006 SYD/PER su SQ11 0025 LAX/TYO PAA PA005 0220 NYC/SPO/ CAL AHA/HKG CI333 0220 TPE/HKG Cwgolux CVT96 0(15 LUX/DXB MAS MH601 0700 KUL SIA SQ101 0845 KUL MiS MH811 0845 PEN MAS MH671 0915 KUL RBA BI421 0965
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    • 167 5 UPI THE US Beearttles aad Exchange C—nihil— (SEC) has decided Ml to take acttoa agalast Citicorp, the warM'a largest earreaey exckaage dealer, far Improperly skiftfag profits away tram caaatrtos with high taxes, by keeptag twa sets of basks. Between I »73 aad IM,
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    • 461 5 UPI THE US Administration has said it plans to begin i reducing in "real terms" US contribution to lowi interest lending by international development banks to poor nations. It also proposed that in future, the World Bank rely on pledges of capital by
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    • 171 5 AFP THERE would be no government officials left in Indonesia if the authorities cracked down on corruption as hard as in the US. Indonesian intelligence chief General Yoga Sogama said in a statement, published by the Merdeka daily, that an official in Indonesia could not make ends meet
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  • Page 4 Advertisements
    • 346 4 Books by the Central Statistical Office, Britain's principal provider of statistics now available through Federal CSO Publications Order Form B m A. SUBSCRIPTIONS I wish to subscribe to the following publications. Social T rends A. SUBSCRIPTIONS I wish to subscribe to the following publications. Tiek No. of Annual Sub. Sum
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  • Page 5 Advertisements
    • 118 5 THE EVENT OF THE YEAR FOR VENUE: SEA VIEW HOTEL, Ist Floor (next to Yaohan Katong) DATE/TIME: 19.2.82 (10.30 am 8.00 pm) 20.2.82 Open to Public 21.2.82 ALL ARE WELCOME thewkF IT WORKS MuvUHtfUatfuua < in THE DARKROOM BOOK 1 t lit 'I I I vn Ki^r, I CAN'T ALWAYS
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  • 386 6 AEROSPACE executives who complain that the Singaporean technicians they employ are inadequately trained are expecting too much. Technicians and tradesmen can only learn so much by studying in schools. To master their trades, they must practise. Only through on-the-job training programmes which give employees experience will
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  • 312 6 A HAMBURGER prepared in a few minutes in a micro-wave oven can be delicious, especially when it contains the best ingredients and when you are also dead hungry. But it can never taste as good as Monk Jumps Over The Wall which has to
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  • 500 6 THAILAND'S five-year baa lshment to the Umbo of Ui International film scene ha left this South-east Asiai kingdom ont in the coli when It comes to the la teg and the best in cheap enter tainment. The Thai industry, pro tected by
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  • 1192 6 The Japanese food service industry is gearing up to meet the challenge of providing better and cheaper meals. Focus Japan CHEAP lunches, one of the fringe benefits that big businesses in Japan offer their employees, are d the envy of many. And no wonder. It's about
    Focus Japan  -  1,192 words
  • 152 6 IN 1980, West Germans spent around 40,000 million Deutschemarks on vacation and business trips abroad. And the countries heading the list in terms of popularity are still Italy and Austria, followed by Switzerland, France and Spain. Now, West Germany's travel agents have brought out millions of new
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  • Page 6 Miscellaneous
    • 644 6 -IS-OHE CROSSWORD i CRYPTIC PUZZLE ACROSS 4 An agreement to try out when you have a meal? (6) 7 Great place for a youth to secrete a weapon! (8) 8 They grow, so rise in a way (6) 10 Part of an orang, possibly 13 Run without real dash (4)
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    • 33 6 Uje tF\we Tne uetters PttsiD socr TM€rn our For MPCiOVJS D£^=yftTTv\eNTS I^S^SF p\nsj nfMLToopiy Postboy P r-'j^ c>l feßtsToto Twpo-'S nq ftßisibu OF feUV>N&..HC'S 04 yr Tmg.p ruDOf? NO U3RS( SORT OF DOGSBODy.
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    • 463 6 SINGAPORE 8 3.00 PM Operant folowed by The Comer Shop 3.30 3-2-1 Contact Growth Decay (Part 4) 14.00 Heidi 4.25 Wonder Woman The Pluto File 5.15 The Mfchty Continent With Hardship Their Garment 6.00 Malar Choiai (Tamil) 6.45 News And Weather Forecast 7.05 Music Around The World 7.20 The Romantic
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  • 1385 7  -  'An Asian hotel can be more efficient if it is managed and operated by Asians.' This is a provoking statement that invites challenge. And it comes from none other than hotelier and businessman S C Huang who, at 63, plans to run a chain of Asian-owned and Asianmanaged
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  • 761 7  -  FOEOM with RICHARD SEAH CHILDREN used to be told never to teach their grandmothers how to suck eggs. So they did not interfere with adult pastimes, and adults kept clear of children's playgrounds. Adults go to playgrounds nowadays not to sit by the
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  • Page 7 Advertisements
    • 76 7 The pick of mm dictionaries w CHAMBERS Dictionaries/ General and Children's Books W 'A CHAMBERS f TWENTIETH CENTURY X DICTIONARY RcviMd edition with n*w aupptonwnt The Twentieth Century Dictionary stands alone among single-volume dictionaries. It has retained its place by adapting to the times, to changes in our language and
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 129 8 ra ru ♦A ABM ***** •f 0J Ahold Qj§ Akao Aiirv MM 82.10 Amfu TOJO 0l4 Amrobok 4M0 0J BST2jjp 11 Bote 90u00 _Q_2 Bonumij Burbmana OilTMl 97 JO 90J0 U 0J CW*» Dalft -0J D*U Mil 7UQ ■ante nm ♦OJ Pokkar Fort AJO ♦a7 Ounmi 41 JO 1-2
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      • 252 8 rxB u m CORBK1LLE Air-Liquid* B S N Ornik 900 l^M -i C S T (Tbomaoc 6m PttroiM CoBotcnlc Flnsnclsts l354 U0J0 -4.1 U Coaoifnit Oenerti# Cndtt Poaeter Da mac* 403.10 MOJO 1S0J 13 HtdulM (Ubrwrt*) ■irhlnw *t» IttchaUn (B)—I Pmribaa PMhUMJ ClgilM KuhlBunn 400 SI JO m 304
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      • 84 8 rEB IS m FORWARD MARKET A c« 374 10 ArtMd i«tt AjUir 445 Braacan ooo Bru-Lamb 1906 3 ssr Dm Bnn 1236 173 290 unci) -11 -5 EbM Elcctrobvl Ob-Inoo-Bm OM 1970 4300 3406 1775 unci) 15 -30 40 Hofaok 3075 >15 4590 -30 Ryl Dutch Sldro Soc Oao
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      • 36 8 tXB 1« Dm A*t-T»l«funk«n 4110 -OJ Akao HI* -4L3 Alls V«T» *****0 -1 BAsr B*7 H T Wtank B»r vtuu 191 JO li BBC BMW •no HAMBURG 8 E Bclandorf 271» +1.4 WwUlank TOM +2
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      • 34 8 1 jfi 1 1 Union BtnJt Of Bvtu »r Uotoo But or SwIO. fUf Wlnwrvbur Br m +1 MM uncfi imo -so HU "J™"™ CM SulaM Food®-In t 11 uncb Source: Credit Suisse
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      • 1 8
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    • 184 8 FEB 1* C* Abiubt its unch A1can 23H Alfom* JJU tt Bulk Mont a Bank Hon Scotia a* It BeU Tel 1TH B*Lh Corp BP Can Ltd ZZ a* Braacan aw «t Camp Red Lake US Can imp Bk aw S CanpxS3* Canpac ln» PI Carllng OKcefe zz unch
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    • 268 8 FEB It R*nd INDU8TBIALS A Alpha n unch Atwrrom AE And CI 410 MK -10 unch AMIr 3 ISO unch Bartow* 1000 1730 -i no unch Currte rintncc D* Bmti Ina m unci) Edcon Cd(vi ias ***** -25 E»er«»d» r«d voit Hf MKfc ructt Oardltn Oten*nJ Urtumn m unch
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  • Page 8 Advertisements
    • 141 8 here to nine, dine and entertain h Don't leave home without it. To apply tor the American Express Card Ca11:*****33 Annweniany Special fyt^^jkbundim The true Singapore flavour— only $8* Our popular Nonya Buffet Luncheon at a special price. 12 noon to 2.30 pm. mnn COFFg HOUSE 2nd Flour Vl price
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    • 87 8 f* JAPANESE RESTAURANT bor sushi. For teppanyaki. for other authentically Japanese delights. li>r > t 'st 'ri 'iitu >> i'.s (il! ">/'?()/ Ji,® <iiltii-\ *->! i< il< >i i i i| >< >r« m I^T NUTMEGS offers JAZZ BRUNCH onSundays 11 a.m. 3 p.m. $21++ per person Please coll *****88
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    • 169 8 >*`,|>;:;{+^/%?^[=&/^-%}'|+&"*% i i\ i: k t s r i k r Before vou fly away to foreign lands, check-in your hag* then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most Mi;x-rh international cuisine you've ever tasted. Luiu h 12 noon 3
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    • 169 8 When you dine, dine Cantonese. W.±: 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 evening to
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    • 103 8 This is Thai Seafood at its authentic bast So trash, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant paiming garaerr restaurant Try our sumptuous delicacies from the
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  • RAW MATERIALS
    • 168 9 CHINESE PrWMe Exchange, pwISM yesterday. C«Mit aU: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Cepra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $377.50 sellers, Sarawak white pepper taq fob NLW $372.50 sellers, Sarawak
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    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yarn: China Blue Phoenix 20s 2,475; 32s 3,180, 40s 3,200 (per bale of 400 lbs). piece geeis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 316 9 SINGAPORE: Yesterday's closing prices in SI 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 0.70, Special
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    • 97 9 THE STRAITS tin price In Penang yesterday dropped It eents to M 533.21 ft kilo, to move towards the bottom of the ITA middle sector of 132.M and $34.16. The continued higher supply of metftls together with the presence of foreign we w»s ft fftctor in the continuing
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    • 34 9 Rubber; Feb 19 Singapore: March: 174.00 cents (down 0.50 cent) Malaysia: March: 200.00 cents (down 1.50 Cents) Tin: M 533.21 per kilo (down 19 cents) Official offering: 251 tonnes (up one tonne)
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    • 156 9 THE EEC will inform the International Natural Rubber Organisation (Inro) next week whether it wishes an extension of the ratification date of the International Natural Rubber Agreement (Inra) to enable Belgium and Italy to ratify the pact. The EEC en bloc has not ratified the
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    • 989 9 NEW YORK STOCKS THE New York stock market on Thursday lost momentum after President Reagan's press conference in the afternoon and finished the day with a very modest gain. The Dow Jones industrial average increased more than five points by early afternoon, turned fractionally lower after the
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    • 309 9 RUBBER prices in Singapore yesterday closed slightly lower with March One RSS buyers quoted at 174.00 cents per kilo, down half a cent from Thursday's close, dealers said. Morning prices were marked down slightly on lower London advices and some selling, they said. The afternoon session was about unchanged
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    • 337 9 RAS prices In cents per kilo yesterday Noon (per kilo) Buyer* Sellers Int. 1 R.S.S. prompt f o b. 171.50 172J0N Int. 1 R.S.S. March 174.50 175 50 Int I R.S.S. April 178.50 177.50 Int. 2 R.S.S. 105.00 167 80N UK Coot 164 00 106 OON Int. 3
      337 words
    • 106 9 NOON SSI R and SMR prieaa jrM ■riajr ■A8 Mar (Carraal ■van 1 1M00N 1*100 ek I Mtk) April (Parward Mtk) SSR 20 SSR SO (1 urn pabat) (1-toa pallat) lallan IM00N 164.00N ill iara 1M00N 1W.00N MRI1.B Marab April SMRCV 6MRL SMRS SMRGP SMR 10 (1
      106 words
    • 212 9 SOYBEAN futures in Chicago on Thursday retreated late on nervous long liquidation ahead of the afternoon's USDA prospective plantings report and closed down one to 4V« US cents a bushel. Trade expectations that Thursday's USDA US soybean plantings estimate will show a marked increase over last year's acreage prompted
      212 words
    • 163 9 WHEAT futures in Chicago on Thursday dropped to new day's lows late on nervous long liquidation ahead of the afternoon's USDA prospective plantings report. Prices settled with two to SV« cent a bushel losses. Sell stops were touched off once new day's lows were reached, fueling the decline. Prices
      163 words
    • 756 9 COFFEE: Robusta futures were sharply lower at midday with prices of the most actively traded positions between £26 and £14 per tonne down on Thursday's close. Dealers said that following and initially anticipated drop of about £10 a tonne based on Thursday's weaker New York market, the decline
      756 words
    • 143 9 THE Kuala Lumpur crude palm oil market yesterday closed steady on covering support in quiet trading, dealers said. February in the south finished unchanged at MJ972.50 a tonne and central traded at $970 while in March south rose $3 to $973. The refined market remained featureless despite State
      143 words
    • 351 9 Reuter CONGRESSlONALinvestigators in America criticised the Commodity Futures Trading Commission (CFTC) on Thursday for failing to properly regulate US commodity exchanges. Officials from the General Accounting Office (GAO), the investigative arm of Congress, told a Congressional sub-commit-tee there had been progress at the CFTC
      Reuter  -  351 words
    • 459 9 AFP AP THE International Coffee Organisation meets In London next week to thrash out an accord on export quotas and the renewal of the coffee agreement which expires on Sep 30,1*3. Producer countries Costa Rica, Equador, El Salvador, Kenya, Nicaragua, Peru, Paraguay and Zaire will be
      AFP; AP  -  459 words
    • 248 9 EASIER conditions continued to predominate the rubber market for the week ended Feb 18 as worldwide economic malaise depressed current One RSS by four cents overall to 174.50 cents a kilo, BsMay, Catter, Bath and Clips ay, said. Apart from Inro purchases in all markets, turnover was
      248 words
  • Page 9 Advertisements
    • 114 9 1 nthony C/mndor I 'lic Penguin Dictionary of K 'i Mt -J'■'-■j New words and phrases have already been contributed to the language by the traditional computer industry Bug, Bootstrap and Deadly Embrace for example have long been in Anthony Chandor's Penguin Dictionary of Computers. But the new context of
      114 words

  • 1439 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 A COMMERCIAL A«ma (160B)
    1,439 words
  • 183 10 8D40AP0U UNIT 7*1 mr DIAMOND MG1 rarou 1 The Omiiiiihw tar F» IS k T, (Sinigin' prtneelnF»SiB) The Savings Fund S pore Prof Fund ISO IS IS IS S'pore Fd (USI) S| 0 .7* OS i n S pore Sec. Fund S pore Invert Fund too 1.01 2.10
    183 words
  • 2864 10 1M1/1M9 High Low fiapnj Last ♦erQr'a Dfv DW Cw Qr'a TTd Net P/E Vol (•OOO) Day High Low ne HON ONE DOM jvnuAi L ft COMMERCIAL m 115 360 SU oo 300 «I0 S32* em 430 0(0 ACM 1U Alcoa 130 ABM COM 180 BAT 306 Bate
    2,864 words
  • 1762 10 BED and otter prices officially I listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified DfDUHBIAL* UMm (1308 IMS) AĔmm (1-MB 1MB) (T) 1M (I) 1.37
    1,762 words
  • 79 10 THE New Stntto Time* Prtm (Malayria) BhM: AGM to be held in the company's theatrette, Balai Berita, 31 Jalan Riong, Kuala Lumpur on Feb 20 at 11 am. MALAYSIAN Tebaeee C—paay Hwlnl: AGM to be held at 178-3 Jalan Sungal Besi, Kuala Lumpur cm Feb 24 at 11.30
    79 words
  • 680 10 THE ttarid foray of the Mk aa Ttanitj tmed late a fall ekarge yeaterday aa Exeept far a kuM mt stocks wklek failed to reiptM to Ike Improved aeatf■cat, Mat stocks galaed at least fire Mats. Preat tke epeodag bell, akare prices asTri finely
    680 words
  • 591 10 SHARES closed the week cm a steady note at the Kuala Lumpur stock market yesterday on good all round wpport. Prices opened barely steady after a lower overnight close but good follow through saw values finishing at their peak levels. The higher close followed a
    591 words

  • COMPANY NEWS
    • 563 11 UNi i ill) Kingdom Temperance anH General Provident has offered to help finance the merger of Weymek, a small private pottery company, with the ceramics division of Newman Industries. Cycle and Carriage Ltd of Singapore, the principal shareholder of Newman, an electric motors and engineering group in
      563 words
    • 116 11 TTMURAN Holdings informed the KLSE thai Fima-Timuran Cashew Industry is no longer an associate company as its interest in the company has fallen below 20 per cent. The company explained that Fima-llmuran had increased its paid-up capital from Ms 2 million to £2 64 million last year.
      116 words
    • 1429 11  -  Market Talk... By MAUDRENE NITHIANANDUM THE market outlook for the next few weeks does not look too exciting. While institutional investors are diverting more attention to developments overseas, individual investors appear to have turned cautious and indifferent to failing domestic prime rates and expectations of favourable
      1,429 words
  • ASIAN STOCKS
    • 222 11 HONGKONG STOCKS IN Hongkong yesterday closed higher with the recent weakness of the US dollar easing fears of a rise in local interest rates. The Hang Seng index closed up 22.96 points at 1,280.92, on a light volume ahead of the weekend. Leaders closed firmer with HK
      222 words
    • 227 11 THE technical buying support seen on Thursday disappeared as prices in Sydney yesterday returned to the predominantly downward path of recent weeks. At the close, the All-Ordinaries index was down 2.5 points to 506.8. The industrial measure was down 0.9 points to 649.5 and the resources
      227 words
    • 374 11 SHARE prices in Tokyo yesterday firmed with sentiment enlivened by the sharp yen recovery against the dollar, but tracing continued erratic because uncertainty about US interest rates and the future of the yen persist, dealers said. The market average rose 29.55 to 7,713.31 on a light
      374 words
    • 100 11 THE Manila market yesterday was again easier as and turnover declined to 441,000 pesos from its previous 613,000 pesos, dealers said. The lone gainer was San Miguel "B" which closed at 15.10 from 15.00 and losers included Acoje Mining at 0.0015 from 0.0017, Philex "B" at 0.1550 from 0.16,
      100 words
    • 56 11 SHARE prices in Bangkok yesterday closed generally steady in slow and selective trading, dealers said. The Book Club index dropped 0.05 point to 94.15 on a turnover of 10.5 million baht. ra u aHU ♦I -i ♦M 53r Ltd or m ftiO iSOMI •Oca aUootl Tn<i ft Tvwm m
      56 words
    • 53 11 FINANCIAL TIMES INDUSTRIALS Thursday 5622 Wednesday 563 6 Week Ago #72.0 DOW JONES AVERAGE INDUSTRIALS Thursday 828 9« Wednesday «27.63 Week Ago 834.97 HJLHANG SENG Friday 1280.02 Thursday 1257.04 Week Ago 1270 04 AUSTRALIAN INDUSTRIALS Friday 646.5 Thursday 600.6 Week Ago 670.0 ALL ORDINARIR8 Friday 506.5 Thursday 506.5
      53 words
    • 793 11 LONDON, Thurs. The market closed mixed after a quiet session with government bonds showing gains at up to H point. The firmness reflected market rumours of a 10 per cent cut in US defence f—«««g The subsequent denial from Washington prompted a brief setback but stock shortage pushed
      793 words
  • Page 11 Advertisements
    • 266 11 SINGAPORE LAND LIMITED (Incorporated in the Republic of Singapore) ISSUE OF $100,000,000 OF LOAN STOCK WITH TRANSFERABLE SUBSCRIPTION RIGHTS ("TSR") On Ist February 1962, the Board of Singapore Land Limited ("the Company") announced that, subject to the approval of shareholders at the Extraordinary General Meeting to be held on 24th
      266 words
    • 161 11 What happens when you give your child only plain rice? iHr Ybu know that he will find it unpalatable and its not nutritional enough for proper growth. And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than
      161 words

  • Chief Price Changes
    • 160 12 Rises Indices Lien Hoa 320 -*-45 C Sugar* 1350 40 Feb 18 Feb 19 M U I 9th Mil* Ind 378 193 38 32 BT Indicator: *****5 *****4 Strait* Trading 895 30 Industrials: 740.00 753.01 Rothmaas Ind* 740 30 Finance: 1683.20 1710.39 Nat Iroa 575 25 Hotels: 1109.52 112.92
      160 words
    • Article, Illustration
      150 12 SHARE prices rone across the board yesterday as Improved sentiment pervaded the Singapore stock market. The Straits Times Industrial Index advanced IS.II points to 753.11, while the Business Times Indicator of the day's 11 most active stocks gained 4311 points to *****4. Rises Indices Lien Hoe 356 +64
      150 words
  • 395 12 TRACTORS Malaysia Holdings Btad, 75 per cent owned by Sime Darby, bore the brunt of a severe downturn in the logging industry which reduced its profits for the first time since it was listed. The group's pre-tax profits for the six
    395 words
  • 245 12 LIEN Hm Industries Bhd Md Its 51 per cent-ewned subsidiary, Sonth Malaysi* Industries, have confirmed that a snbstantlal Mock sf shares la both companies may soon change hands. Negotiations are now In progress concerning the possible sale sf a snbstantlal stake
    245 words
  • 690 12  -  Companies Editor: Mano Sabnani By KOH TSE YING HIND Hotels International Ltd will concentrate on the hotel and property business when studying investment opportunities. The upgrading of OberoiImperial Hotel and its facilities will also continue to be an ongoing process. These two aims were highlighted by
    690 words
  • COMPANY BRIEFS
    • 37 12 has confirmed that discussions are proceeding with Hyundai Engineering and Construction Company on its possible participation in the construction of the Penang Bridge. No agreement, however, has yet been reached over the form of Promet's participation.
      37 words
    • 124 12 $22.5 million loan, Gaada has replied that its bankers are of the view that the terms of the facility are confidential and should not be for public release. »i THE unaudited, consolidated net tangible asset backing per share of Geaeral Securities lavestmeata
      124 words
  • 468 12 THE PALM oil sector saved the day for Consolidated Plantations, 63 per cent of which is owned by the Sime Darby group. Although rubber and cocoa prices were weak, that of palm oil rose. Thus, Consplant's pretax profits fell only by a marginal 4.3 per
    468 words
  • 276 12 MALAKOFF Berhad, the 56 per cent owned plantation subsidiary of Boustead Holdings, has agreed to sell its Sungai Buah division of Broome Estate for Ms 23 million. The sale appears to be a move to inject funds into the company, whose reserves have recently
    276 words
  • 365 12  -  By CHOO AI LENG TWO stockbrokers, Lin Tah Hwa of Lin Securities; and Douglas Ooi of Kim Eng Securities, are contesting in the Stock Exchange of Singapore committee by-election. Their names were submitted to the SES yesterday. The committee meets today to
    365 words
  • Page 12 Advertisements
    • 74 12 NOTICE To the holders of the floating rate US Dollar Certificates of Deposit due 25th February, 1985 of: MULTI BANCO COMERMEX, SA LONDON BRANCH Scottish Union House, 25 Bucklersbury, London EC4N BDA We hereby certify that the rate of interest payable on the above mentioned Certificates of Deposit for the
      74 words
    • 293 12 Worldwide management experience at your fingertips. World Executive's r.\A Digest Styles of Managing L Five Basic Styles and their Uses Michigan Business 11. Matching Styles to Situation "Situation Management" 111. The People Interface "Techniques of Leadership TV. Can a Leopard Change His Spots? "Managing with Style" Golf, a Love-Hate View
      293 words
  • Page 12 Miscellaneous
    • 59 12 OUTLOOK for Singapore today: Fair and windy. Afternoon showers in several areas. Bepwt for 24 ton prfer to 7M pm m Feb If at the airptrt: Maximum temperature 33.5 Associated humidity 55 Minimum temperature 23.8 Associated humidity 92 Hours of sunshine 9.2 Rainfall in millimetres Nil Total rainfall for the
      59 words

  • LEISURE TIMES
    • 2377 13 IN THE 17th CENTURY, a Dutch merchant ship was caught in a storm and beached on an uncharted island in the Indonesian archipelago. The crew stumbled ashore looking for food and shelter to wait until the weather changed. What they found was an island so beautiful,
      2,377 words
    • 552 13  -  By PATRICIA GOH NOW JUST what would I do at a Nostalgia Night function when I'm not really old enough for nostalgia? Well really, we're there to listen to the band. After all, they (the band members) are old friends of ours.
      552 words
    • 895 14  -  QUEEN SIRIKIT CUP CHAMPIONSHIPS By CHARMAINE CHAN KEE BEE KHIM, Rosie Goh and Nellie Chin are Singapore's representatives to the 1962 Queen Sirikit Cup Championships at Sri Lanka's Nuwara Eliya Golf Club (March 25 to 27). Accompanying the trio will be non-playing captain Jeanette Sim and two
      895 words
    • 307 14 TODAY: GOLF: Warren; There will be 126 amateurs starting their local circuit for 1982 today, competing in the Warren Open 'C division tournament. SICC: President's Prize tournament to be held in conjunction with the reopening of the Sime course at the Sime and the Bukit courses this
      307 words
    • 372 14 AMERICAN professionals have formed more than a third of entries irf the 1982 Singapore Open Golf Championship which carries $200,000 in prize money. The 72-hole championship will be held at the Bukit course from March 25 to 28 while the Pro-Am will be played on
      372 words
    • 960 14  -  mm By RONALD KOW SOCCER fans often bring the roof down in the course of displaying their appreciation for a match in progress. So like normal, enthusiastic, appreciative followers of the game, about 100 people with that top-of-the-world feeling gave more than enough
      960 words
    • 616 14 WORLD CUP champion Bong Coo and Lita de Lt Rosa from the Philippine will grace the 2nd Queen Bowling Championship (Feb 19 to 28) being held a the Kim Seng Bowl. Bong and Lita, who wot their respective World Cuj titles in 1979 and
      616 words
    • 75 14 THE NEXT Leara-ta-Play Bquah nvm will ewt US far right le«eM, wklck will be beM twice weekly at the ?£2 M^ m Zi^ a i T 7* a Cmtn 8, *»y» b either m MmmUxb aad Tb*re*»y*, Taeedays ud FrMaya er Wedacoday» ud Satartoys. Regbtrattea will be
      75 words
    • 592 14  -  WEEKEVD OOUBIET By T PHADOEMCHIT SO MYSTICAL, so Oriental, so Byzantine. It has been painted together with the proletarian walnut by JeanBaptiste Chardin; adored by Louis Xm; eaten by Clemenceau in the evening of his days with syrup; and celebrated by novelist and poet
      592 words
    • 434 14 LET'S NOT BE so ceremonious. Why should one have to linger on deprived until the winter months and then laboriously confront that elusive wonder that is encased in an impregnable shell? Why not use tinned chestnuts to extend the days of that seasonal foodstuff so that tongues might
      434 words
  • Page 13 Advertisements

  • Page 14 Miscellaneous
    • 388 14 WHAT WHERE V Eilaan Brannan (warning hat) and GokSia Hawn in Private Baniamin. Tomorrow night at tha Hilton Movia-Houaa. March 10. Free admission and all welcome. A Crime Previa It— EbdtfMttaa will be held today (7pm to 10pm) and tomorrow (10am to 6pm) at the Void deck of Block 5,
      388 words