The Business Times, 20 January 1979

Total Pages: 16
1 16 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 144/1/71 SATURDAY, JANUARY lf7t 50 CENTS
    10 words
  • BRIEFLY...
    • 67 1 AP MANILA, Fri. Central bank governors in South-east Asia conferred here for three days and devoted much at their discussion to what they caDed the increasing level of protectionism and industrial structuring in developed countries, central hank sources said today. The bank said Philippine Finance Minister Cesar
      AP  -  67 words
    • 100 1 UPI SEOUL, Fri. President Park Chung-hee told North Korea today he was ready to hold summit tf iir« with his communist opponents, but said he still fears a "southbound invasion." He also warned the world not to put too much hope in a restyled China being
      UPI  -  100 words
    • 90 1 Reuter LONDON, Fri. Snow-blanketed Britain, struggling through its worst industrial crisis in five years, faces more strikes on Monday by 1.1 million low-paid workers who do the nation's dirty jobs. They include garbage collectors, sewerage workers, hospital orderlies, school caretakers and gravediggers. Even ambulance crews will
      Reuter  -  90 words
    • 86 1 Reuter ZURICH, Fri. The Swiss National Bank said the two-billion franc issue of securities by the US Treasury was heavily oversubscribed. The Treasury has accepted subscriptions in respect of 2.015 trillion francs and allocations are 33 per cent in respect of the shorter tranche and 50 per
      Reuter  -  86 words
    • 54 1 AFP BANGKOK, Fri. The new government in Kampuchea said today it controls the entire country HwhJlHiff all ports and islands but admitted the existence of pockets of Chinese-suppored resistance. A report of the SPK news agency stressed that "the revolutionary power is governing and running the affairs of
      AFP  -  54 words
    • 33 1 UPI JAKARTA, Fri. Severe flooding sparked by week-long rains brought all business activities here to a bait today with several of the capital's districts under two metres of water. UPI
      UPI  -  33 words
    • 41 1 AP NEW YORK, The stock market advanced broadly this morning. The Dow Jones average of 30 industrials rose 4.07 to 843.21 in the first half hour. Gainers outpaced losers 2 to 1 among New York Stock Exchange-listed issues. AP
      AP  -  41 words
  • Chief Price Changes
    • 103 1 Ajw HI lam Tin 1230 +< Metro HMfS 8TP1MS T Harbour Mala lilcc Leonf Huat 363 806 306 166 91 530 8 Finance Pacific Dev Fall Aokam U A C Int Wood SbeU 360 360 Is 336 -II 310 -6 110 -4 719 -3 RoOlnjon 342 -3 Sim* Darby
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    • Article, Illustration
      151 1 Rises Most Active S Mai Tin 1060 +30 S Darby 434,000 A Hltam Tin 1st Wood Petallnc 1260 177 mo +30 15 15 K L Kepong H Par Consplant 199,000 89,000 86,000 M Rice 165 13 Total Turnover: 2.06m S Trading Beijuntai Kramat 600 10 Total Value: M|5.56(n
      151 words
  • 652 1  -  BID TO RECOVER $30M By QUEK PECK LIM NEARLY five million square feet of land in Singapore is going on the offering block in the largest private property sale in the Republic's history. In terms of size, it dwarfs the Government's latest offering of
    652 words
  • 189 1 MINORITY shareholders of Singapore Finance (Sinfln) who intend to accept any of the offers from United Overseas Bank (UOB) and Hong Leong Finance (Hong Leong) should delay delivering their acceptance until three days before the expiry date of the offers (Feb 16), advised merchant banker Baring
    189 words
  • 426 1  -  By MARGARET THOMAS RECLAMATION work to add a further 360 hectares of prime land to the Central Business District will begin in February. This was announced yesterday at a contract signing ceremony between the Housing Development Board, as agent for the government, and
    426 words
  • 255 1 MB BOBEBT Bask Beck Nlea, better kaewa as Malaysia'a "Bagar Klag," has kaaght ever Great Wertd i—Ml Park fr«a owners Shaw OrBewever, It Is set kaewa hew meek he paM for the 4C,SM-eqaare metre rite between Bea Bead aad Kin Seag Bead.
    255 words
  • 489 1 By GOH EHQ KEE THE SINGAPORE Refining Company, which is owned Jointly by Singapore Petroleum Company, British Petroleum and Caltex Petroleum Corporation of the US, will invest about $185 million to expand SPC's refinery capacity on Pulau Merlimau by 100,000 barrels a
    489 words
  • Page 1 Advertisements

  • TRADE AND INDUSTRY
    • 500 2  -  By JOHN LIM MEMBERS of the Japan Chain Store Association's Import promotion mission which Is in Singapore, have found local products to he of better quality and design than those from competitors like Korea and Taiwan. However, it is felt much has to be done
      500 words
    • 225 2 THE Singapore Tourist Promotion Board will strive to ensure employment for licensed tourist guides. This was disclosed by the board's chairman, Mr Tan I Tong during the graduation ceremony of tourist guides yesterday morning. He added: "Therefore we have taken a serious view towards the illegal operations
      225 words
    • 299 2 THE Singapore Institute of Valuer* president, Mr. Tan Kim Lee, has identified the issues which need to be tackled for proper growth of the in- stitute, the updating of legislative controls and for farther improvement i of the property market. Speaking at
      299 words
    • 104 2 ROSEMOUNT Inc, the Minneapolis based company that specialises In the manufacture of electronic pressure transmitters and computer systems on process control of petro-chemlcal and chemical plants, plans to set up a wholly-owned subsidiary In Singapore In June or July this year. This was disclosed yesterday
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    • 349 2 COLOUR television makers and distributors in Malaysia have agreed to slash prices. The price cuts varies by as much as $790 per set. Eight companies and their distributors agreed to fix "approved maximum consumer cash prices." At a Press conference chaired by the Deputy Trade
      349 words
    • 345 2 MR UPWARD Nettle*, Jr., has been named managing director of Four Winds Removals Pte Ltd, Singapore. Four Winds Removals is affiliated with Four Winds International of San Diego, California, one of the largest firms In worldwide moving and relocation services. Mr. Nettles, 29 years, and a native
      345 words
    • 412 2  -  By FOO CHOY PENG KOBE Welding Singapore will begin operation early next year when Its 9,000-sq metre plant In Jurong Is completed by the end of this year. The plant, located at Jalan Buroh, Is a $5.5mlllloh Joint venture between Kobe Steel and two
      412 words
    • 384 2 THERE Is an acute shortage of Information for bank case studies in Asia. Professor E.L. Llmon from the Asian Institute of Management yesterday attributed this short supply to Asian banks' great reluctance to disclose information to researchers. They regard such detailed facts
      384 words
    • 507 2 COURSES AND TALKS Jan 3-Feb 21: Statistics freinsurance Employees, SITC, SITC Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, SITC Jan 20: The Effective Secretary, SIM conference room, Mr Tan Teck Huat Jan 8-19: Personal and company taxation (module 5), SIM conference room, Mr
      507 words
  • Page 2 Advertisements
    • 395 2 I.FADKR PAGE < im SANDY/AWKES T Her sensational true account of six days and nights with a psychopathic mass murderer KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just
      395 words
  • Page 2 Miscellaneous
    • 591 2 TWO-IN-ONE CRYPTIC PUZZLE ACROSS L Best part of the week? (6) Judge tea-times wrongly (8) I Dad's double (4) May be a goner, the aas! (6) Consented to change gear for Ed (6) Soft, like certain clouds (3) It's bigger than a Rolls, but not so posh (5) The right
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  • Page 3 Advertisements
    • 372 3 PARK SINGAPOW^ 8¥ M V\ .is 1 4 p ML I's r. X ..< A 1 U<«+ v»,,^ 5 Mm s st <? Jfr \m*<" rt ««»»»>» »<r». l/f i>i>ii -T V»M tlf »»>»»>»»*«■»> 4' S&H t i i« K i i#si i r*' >:H-S !*'!"T*l« i*i* {f i*'i*■[•.{ ulff-'hf
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  • RAW MATERIALS
    • 2039 4  -  This is the second of three articles on the US sugar glut and the controversy over price supports. It is based on reports by William Bobbins and Anthony Marro and written by Robbins. The first article appeared In yesterday's Business Times. William Robbins,Anthony Marro NYT
      NYT  -  2,039 words
    • 197 4 THE Slagspore rubber market yesterday closed slightly higher with February One RSS buyers quoted at ***** cents per kQo, up U5 cents from Thursday's close, dealers said. Morning prices were marked up about one cent on higher London advices and afterbours trad!in as here yesterday, they said. Afternoon prices
      197 words
    • 314 4 Price* in eratt par kilo yesterday (par kDo) doee (par Mlo) Int. 1 HAS. aranpt l ab. BUI Int. 1 R.S-S r*fc BIB bM.lRAS.ktor BIS tat2RAS BLM UK/oat aan 1st I HAS. BUI UK/CMt 277.81 tat 4 RAA 225JB UK/CoM BLM taLSRAS BUI UK/CMt 8MB 2K.00N 225.00 224.W
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    • 70 4 noon am ■AS MM) SMK prm r mmkr rmvrwmrj ftSTsJeS™ 290.00 mOON moo mooN g*rw*H ■> Owtri l#Utn aojo m&oN trjo ns&oN 88R 10 asitto MIIU (l-«oa pait«) (1-tMpdbU iiiiiii ii iiii Him ***** ST JO UNQ moo m.oo moo moo mlmm 238 SON UNQ 236 OON
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    • 122 4 SUGAR FUTURES closed firmer yesterday in continued quiet trading, with 27 lots traded against one on Thursday, dealers said. March closed at 8.20 US cents buyer against Thursday's 8.14/50 close and May at 850/9.40 against 8.45/75 cents. IMal Satoa: V (pre* 1 COTTON trading was quiet throughout yesterday,
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    • 172 4 YARN and cotton in wttfc priest la HX dollars, apot a-co-down: CattM )Mii China Bk> Pfcoaata Mi US, m US; 4Ba MM (par bateafUSltiß). PWaa gaodos CUaa DutmQy and (Bob* braad unq; Dragon Hand unq; Five lamha unq, FVwu aad Dnuwflj uoq Flying Oeaar unq "hSSI* knctaßtagr #yanl»). U;
      172 words
    • 339 4 THE SINGAPORE and Malaysian rubber markets saw a week of decline and part recovery, said BsMay, Cutter aad Bath In Its review (or the period Jan 11 to Jan 18. The markets dropped some seven cents, breaking the 230 cents per kilo level
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    • 29 4 Rubber: Jui 19 Singapore: February: 234.50 cents (up 1.25 cento) Malaysia: February: 238.75 (ap 1.25 ceato) Tin: $1301 (up $51) Official offering: 185 tonnes (down 12 tonnes)
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    • 362 4 COFFEE PRICES ruled steadier in an otherwise dull and featureless Singapore produce market yesterday. The higher offers (or coffee beans came hot in the wake of news that the Indonesian government has imposed a temporary ban on the export of coffee. Singapore's coffee traders are reportedly holding on
      362 words
    • 112 4 THE Straits tin price in Penang yesterday strengthened Mssl per picul to 11,801, |101 above the International Tin Agreement ceiling, dealers said. Firmness reflected the overnight rally on the London Metal Exchange and US buying demand, with the market discounting news of legislation being introduced in the US
      112 words
    • 102 4 WHEAT FUTURES in Chicago on Thursday stood mostly easier in lackluster midsesskm dealings in what most analysts considered a correction to Wednesday's late advance. Prices slipped ss much as 1V« cents a bushel in most months but held unchanged in several deffereds. Pressure stemmed from moderate amounts of professional
      102 words
    • 76 4 SOYBEAN FUTURES in Chicago on Thursday rinsed with losses of 14 to 4y« cents a bushel in all but two deterreds, which gained IVi and one cent. Soybean product futures, echoing results In the soybean ptt, finished mostly Meal futures fell HJO to 10.10 a ton except in three
      76 words
    • 803 4 OOfPBi Wirebars finished yesterday morning up £14J for cash and £13-5 for three mootha. The pre-market extended Thursday's late gains on shortcovering and fresh buying up to a new 30-mooth high of CBQ for three months following the overnight trend at New York and forecasts of a further
      803 words
    • 54 4 CXF. North European porta. In US dollars per ton ui LONDON: Malaysian 5*ffa bulk per tonne 8umatra 5% ffa bulk January February March April May/June Nigeria 5* f(a bulk ate BWIIIDAM: Sumatra Max 5 Jan ZalreiBel* francs per kilo) 1 i illlii ii Previous 639alr 866alr MOalr wOpO
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    • 286 4 ■NOANtt: Yesterday's closing prices la SS per kilo exgodown: THAI WHITE ISO pet tint ciaas (kangaroo): New cropS* 100 pet second class OS 100 pet third class OJ7 S pet new crop no stock BIS pet 0.7* THAI BROKEN A-super 0 62 Special 0 Thai rice SB pet no
      286 words
    • 228 4 THE International Tin Council (FTC) has adopted the report of its economic and price review panel and agreed to keep the balance of world supply and demand of tin under review. An ITC communique ,after a three-day meetiig in Loodon revealed this. Last
      228 words
  • Page 4 Advertisements

  • OVERSEAS
    • 839 5 NYT. BECAUSE of robust consumer demand for cars, television sets and other durable goods, the economy grew by an unexpectedly high annual rate of 6.1 per cent In the final three months of last year, preliminary government figures showed on Thursday. The statistics showed that
      NYT.  -  839 words
    • 400 5 UPI. WESTERN Europe can expect a sluggish rate of economic growth, coupled with higher labour coeta and increasing economic inflation during the next 10 years, two US economic forecasters predicted on Thursday. "Our forecasts indicate that world trade (for 13 industrial countries surveyed) will grow only 5
      UPI.  -  400 words
    • 161 5 Reuter. A BITTER 65-day strike which disrupted steel deliveries In the United States ended on Thursday night when Independent steel haulers finally accepted a federal court order to return to work. The striking members of the Fraternal Association of Steel Haulers (Fash) voted to accept the court
      Reuter.  -  161 words
    • 213 5 AFP. UNEMPLOYED youth statistics have reached a critical point in Australia for the first time since the end of the Second World War. Australia now as not only a serious economic problem, but a spreading social problem of idle young people. Statistics released yesterday show that
      AFP.  -  213 words
    • WORLD IN BRIEF
      • 338 5 US OIL Imports last year fell by more than seven per cent owing to a slower rise In consumption and an Increase In oil output within the US, the American Petroleum Institute reported in Washington. Arrivals, from abroad were 8,100,000 barrels a day, a drop of
        338 words
    • 299 5 AFP THE policy-making national executive of the ruling Janata Party of Prime Minister Morarjl Desai has virtually decided against any fresh nationalisation of industries as suggested by some of its leaders. The decision is a reversal of the proposal contained in a draft economic programme presented
      AFP  -  299 words
    • 120 5 EXPECTED ARRIVALS TODAY PASIR PANJANG WHARVES Builder (1500 after Frisian) Gdns. 303 CBS 1076-1157 Kota Naga (0600 after Frisian) Gdns. 302 CB4 979-1068. TELOK AYER WHARVES Blntang Palapa (0700) FP4 Siduarsl (0700) FPS CONTAINER TERMINAL Ocean Progress B/48 JURONG PORT Ekarya B/l Toyo Maru B/4/5 EXPECTED SAILINGS
      120 words
    • 467 5 Agencies ISRAELI troops supported by artillery invaded Lebanon yesterday and attacked two villages suspected as Palestinian guerilla bases In their deepest penetration of Lebanese territory, a military command In Tel Aviv said. The mechanised Infantry force swept past the Lltanl River 24
      Agencies  -  467 words
    • 625 5 ARRIVALS Q.. OwlTlCI Operator N ubci GIA GAM THAI TG423 SLA SQU3 SU SQ209 MAS IMS GU GAM GU GAM PAL PRSQ1 GU GAM GU/SU GA/SQB SU SQMO KLM KL837 SU SQ201 MAS MHB4 MAS MHBl SU 9QQ SU SQ455 GU* GAM SU SQliB GU GAM MAS
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  • Page 5 Advertisements
    • 52 5 CHERRY CHANTER VOY 4/78 arrived 16/1/78 at PPW gdn. 302 Consignee of damaged cargo ex above vessel are hereby notified that the general survey will be held on 24/1/79 from WOO hrs to 1600 hrs. No further survey will be held after this date. Lian Soon Shipping ft Trading Co
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    • 17 5 mmm i 111 1% 1 1 ssaaa: a few units left WKW. L'm rtNCO«PO»M*O«I knTll Unit 1-31X1*
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  • 395 6 PHASES Six and Seven in the master plan to reclaim land on the southern shoreline will add a massive 360 hectares of valuable living area to the Republic. This will rank it as one of the most ambitious programmes ever, particularly since it is
    395 words
  • 405 6 IT IS MOST gratifying to hear the Japanese find Singapore-made products of better quality than those of Korea or Taiwan. Even more so is to hear this opinion not from the layman but from experts of the Japan Chain Store Association. Korea and Taiwan are
    405 words
  • 1783 6  -  By G. Durairaj MBT ALTHOUGH New Zetland has taken some steps to encourage more imports trom Malaysia, its selective import licensing system, if not property understood, is likely to be a source of friction in trading relations between the two countries. The
    MBT  -  1,783 words
  • Page 6 Advertisements
    • 206 6 mk i* l V' I IS APOLLO HOTEL TO Ve Sl ßOad,Si gaore3 AMBASSADOR HOTEL ***** Meyer Road, Singapore 15 Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: 3T9677 CHEQUERS HOTEL T* aS3? RMd COCKPIT HOTEL w < 5S y n RistS ,g pore 9 great eastern hotel
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  • Page 6 Miscellaneous
    • 23 6 iriStcJW: Flank BicienS i_oO r\i i Me V\(Y\£ »VviNUT£C To M»N€. PT£ BRiSJOi lrz~ £>fc^"lOu> S\GH'< iv\i ovew l'y k fO^\ I V
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    • 617 6 i Nutcracker is back tf the Wf Heirj J* 5 3 5 I c in Wialgkt Msvte at UJI pan. s 3 it I f W then It Cmeert wMefc a ■tea flji mwktm ter far Ma 18-year aid SINGAPORE 5 1.00 m Opening and Soma Strati €.35 Capricdo Guitar
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  • 1810 7  -  By JOHN TAN one of the biggest dilemmas facing a prospective insurance buyer is the seemingly endless types at policies available. Different firms offer varying policies Some are known by different names. How are customers to distinguish between them Oa top of that, there
    1,810 words
  • 360 7 A MAN who was in a US firm (or 20 years was bypassed for promotion when his department head retired. Instead, his relatively junior colleague was picked. The senior employee immediately rushed to see the chairman, demanding to know why he wasn't chosen as he had
    360 words
  • 638 7 UPI. WAR correspondents a loose phrase anyway now cover the Indochina war In air conditioned comfort. Helped and hindered by diplomats, intelligence agents, technicians, linguists and assorted other "reliable sources," they cannot witness war themselves. Few correspondents want to cover a war by listening
    UPI.  -  638 words
  • 808 7  -  FOBUM ..with James Reston NYT. THE refugee problem Is a source of increasing anxiety to the Carter Administration. It is torn between its desire to relieve the poverty and suffering of people fleeing from economic misery or political tyranny abroad, and If s
    NYT.  -  808 words
  • Page 7 Advertisements
    • 329 7 c Lite up your life at Vanda Live it up at the newly renovated aJJPw Vanda Bar Styled for comfort gSfCtVjL and good cheers yrnJjQn^ Sing along with our resident duet George David to your favourite request Happy Hours from spm Bpm 30/ discount Singapore Oochid Inn m F A
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  • INTERNATIONAL STOCKS
    • 1134 8 NEW YORK A STEADY stream of good fourth quarter earning* reports and strong economic growth in the December quarter gave stocks a Hit in moderate trading on Thursday. Analysts said investors were also cheered by the market's strength in the face ot renewed worries about Bundesbank
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    • 300 8 JAM 1* Rand T% Oats Toa|Ml IMS aa -M INnilQTBI Al fl Trust Bk •1 IJil/UO 1 KlALo A AJplia )«0 Un Steel as -1 Abercom M -S UnMC Woolworth -M A MIC Im unch unch MININGS Barlowi OO ct MS unch -S AacMw Tit 1MB -S CNA as
      300 words
    • 160 8 JAN It C» Hud Bay Mln a* Imp Oil Abiubi U* unch toco Akmn c Int Pro* Pipe M* Algom* fis Int Ott HI Bant Mont X h InU Nickel HH Bank Nora Scoua <* Kerr Add U* BeU TW a* unch LoNaw B_ 4* uneh Beth Corp Ml—>
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    • 535 8 TOKYO Source: DBS-Daiwa THE Nftkd Dow-Joan average tell tar the fourth straight yesterday. However, high priced incentive-hacked Iwwod blue chipa, which had retreated diving the pant tew dayfc, rebounded owing to teytaf on temporary decline by mutual fundi. Mower, Nippon Steel and Hitachi recorded new
      Source: DBS-Daiwa  -  535 words
    • 284 8 Source: SHK Sec THE MARKET eased yesterday ahead of the weekend an reduced turnover as a general lack of rumours, announcements, and interest caused small investors to take snail profits. Prices actually opened better but after the first hour, the trend was basically one "*HK Bank was HK 10
      Source: SHK Sec  -  284 words
    • 277 8 Reuter PAN AMERICAN World Airway* (PanAm), locked In a three-way takeover battle to acquire National Airlines, now holds 24-1 per cent of National's stock. PanAm chairman, Mr. William Sea well, said Pan■Am had bought US$6B.9 million worth of National's shares far cash so
      Reuter  -  277 words
    • 323 8 THE Sydney market dosed firmer yesterday in relatively active trading with gold-orient-ed issues particularly straw, dealers saidT Central Norseman rose All.lo to Q8 led by the higher gold price while Gold mi— ot Kalgoorlie added seven to S cents and Poseidon five cents to 36 cents. Bank of NSW
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    • 140 8 THE Hulk stock market closed mixed jiluday with miaiaga averages poating galas wftfie commercials sad oOs declined, dealers aakL Turnover rose to &7 mflhoo pesos from Ttwrsdar'a 23J itiIIIVMI Gainera were Atlas Coo B. Lepaato B, Marindaqu* B, BP Gootkick aad PLDT while lustra wore Acoje Mining, PhOex a
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    • 245 8 i BaJi t Bank of Asia 258 +2 Bangkok Bank 384 -2 Bank of Ayudhaya Ltd 276. -2 Bangkok Metropolitan Bank 1342 unch Laem Thong Bank. unq Thai Commercial Bank 562 -2 Thai Danu Bank unq Thai Farmers Bank 358 -2 Union Bank of Thailand unq Industrial Finance Corp
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    • EUROPEAN MARKETS
      • 191 8 JAN U Prmncs Action* Suliae* 283 Alntnl— Br. llto Aluaulaae Re« MO Brown Bowl Br. 1M Ota Oeifj Br liao Clba OflfJ P C 960 Clba Oelfjr Re* 873 Credit Sulaae Br 2275 Credit Sulme Ret 441 ElektrowaU Br. IKS Oeorg* Ptacher Br 610 Olotxi* Pe MO 4-1 15
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      • 157 8 JAN U ABN Plo no jo +1 4 Akao AMZV Am fat laooo -oj 11J0 uru MJO +0 i eb J 1' f g ill 7*JC tc 8L00 4 4 1 1 1 t Bola Borsumlj •MO -0.1 nm 14U0 +1 KjBI 171J -u ♦o +0. i*-c 127M +0
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      • 237 8 jam u m CORBEILLE Alr-muM* 414 *2 Ban OcrrmU Dtnoat m C S F (ThomsonCX)~ Cte Francalae des Petroies Compacnie Financier* Compacnie General* Credit Fonder De Franc* 410 MOJO 410 479JO -I unch 0J 5J Hachette (Ubralrte) Maehlnet Bull MIcbeLIn (B). Paribai Pechlnejr Ctglne Kuhlmann •4>J 1131 221 40
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      • 181 8 -04 11 |i ——4 W i J Alls Vcn 512-00 BAST IvHT nut Baj Vbant sr UUO +0J 300JX unch snjo -03 UUI OlJ sua CtVMD V«tWi Com in f bint Cootl Ouoml aw rose -i B3J 1 -0.1 Daimler-Bens 323 251 Ilk. 304- SO -IS 10 -1J P—,
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      • 94 8 JAN it Fr* FORWARD MARKET Acec 441 1 Arbed as 25 Ajtur MO -12 Braaaui m Bru-Ltmb CUUM 1MB sac uncb 10 cock rm De Been 1M -1 Electrobel 6730 unco SO Ob-Inno-Bm 2516 uneh Oe» 1414 4 Hobok xm uncb Petro 3610 JO Rjrl Dutch 1806 30 Stdro
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      • 58 8 FINANCIAL TIMES INDUSTRIALS Thursday .4744 Wednesday 474J) Wsek Ago 4773 DOW JONES AVUAGI INDUSTRIALS Thursday «U4 Wednesday aao WNkiio law 06 LONDON DOLLAR prrmium Thursday #7* to MM Wednesday Mv> to 89 hjlbang seng 53AM Thursday 640J7 Wsskaco SSJB SYDNEY INDUSTRIALS Friday nuj Thj«day„ mjl Ws*ka«o_ 47U» ALL
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  • Page 8 Advertisements
    • 172 8 Wr M (Schools) LUCKY DRAW (Ist prize) $250.00 voucher (2nd prize) $150.00 voucher (3rd prize) $100.00 voucher 1 lucky draw coupon with every $30.00 purchasf? Arrivals A whole new range of books just unpacked. 10% discount storewide, except a few stipulated items (Public) W LUCKY DRAW (Ist prize) $200 Book
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  • BANKING AND FINANCE
    • 1222 9 Long queues and poor service at bank branches have wiped many a smile off the faces of customers and tellers alike. Many banks have offered inducements to attract depositors without looking into these major problems. However, the Bank of America has
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    • MONEY AND EXCHANGE$
      • 426 9 THE US dollar climbed to firmer grounds against major currencies on the foreign exchange market yesterday. Major gains were made against the yen, with dealers attributing the 100point climb to import-cover-ing in Japan. Opening at 196.80/90 against the yen, the US dollar saw fairly quiet trading in the
        426 words
      • 183 9 Asian rates ASIAN currency deposit Interbank rates as at close on Jan 19 Closing Asian dollar certificates of deposit for prime names: 7 days 1 month 2 months 3 months 0 months 8 months 12 months US Oollars(Spot) Offer Bid 10H 10'. 10'• 10 10<• 10 U>* 11 11*« 11H
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      • 54 9 Range of pricn offered by discount houses on Jam 19: Overnight 4 to 44* Call depoeiU 44 to 4W% Cloeiag Baring Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 7*. 7H 3 month CO 711/16 7 9/16 6 month CD 7 13/16 711/16 Source:
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      • 21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.5 per cent.
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      • 259 9 GOLD FUTURES in Singapore yesterday turned easier on profit-taking after a firmer opening, but prices closed higher on balance compared with Thursday's close, dealers said. Trading was fairly active and turnover rose to 161 lots from 142 lots on Thursday. April closed higher at U*****.70/236.10 an ounce against $233.30/70
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      • 51 9 AUSTRALIA/NZ exchanges quotes yesterday: its dollar 1 1446 Sterling 0.5716 0.5MB Ninety-day air mail bu ying rate* 0.SM8 IIS dollar* 1 IKS Ninety-day forward buying rates: Sterling 0.5778 nc dollar* 1.1510 New Zealand: o sao o sao IIS dollar ***** ***** Ninety-day airmail buying rate* 0 5513 US dollar
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      • 34 9 FRANKFURT quotes yesterday: us exchanges 1 8335 50 1.MS0 70 s»« Dfl 3M3M3 *140 52 Ut iinnm Sir 110 00 25 Ftr Nkr 43.42/54 3SJB/C (94,334 Btr fin Yi» 0 3285 O .tXB
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      • 243 9 THE DOLLAR in London yesterday opened firmer against most major currencies compared with closing levels on Thursday night in a low volume, featureless pre-weekend market, dealers said. Sterling opened lower in line with the firmer dollar trend at $2.0081/86 but, despite continued difficulties arising from labour unrest, recovered quickly
        243 words
      • 156 9 THE US dollar in Hongkong yesterday firmed against the yen on commercial demand for the US currency in late trading, dealers said. They said trading in the dollar-yen was fairly active but elsewhere very little interest was shown and the dollar was quoted little changed from overnight US levels.
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      • 158 9 Reuter THE DOLLAR for overnight delivery in Tokyo yesterday closed firmer at 137.65 yen, compared with a 186.70 opening and 196.85 at Thursday's close, dealers said. The US currency rose substantially in fairly active late trading on dollar buying by both Japanese and foreign banks following reports that Japan's
        Reuter  -  158 words
      • 50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 22 to Jan 26: Offered: $15,000,000 Applied fer: $50,000,000 Alleged: $15,000,000 Aeeepted bids: $96.91 approximately 90 per cent; higher bids in full. Average rate ef dteeeut ea alletmeat: 4.280 per cent per annum.
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    • 75 9 tlva vk^rattat BT inipHmm Cslfocafo Buk, tntvM here Mur la Ike mm sf a hi ihitl i tov ef the Far East. Darlag kls foariay rfctt, Mr. Ik| will tali gaveraaeat officials, keais tt ikkkiy kearii aai Ike kaak*s easterners. Mr. Hag, whs Jriaei UCB
      75 words
    • 253 9 THE new European monetary system may (ail because of the disparity of EEC national economic policies, Security Pacific Bank economist Bruce Devine said. Mr. Devine, who specialises in European economic affairs for the bank, said: "Currency union before harmonisatioo of economic policies is putting the cart
      253 words
    • 707 9 NYT. THE West German central bank, the Bundesbank, announced the first significant tightening in the country's credit since 1973, in order to contain a surging money supply caused by the bank's support of the US dollar. News of* the tightening caught foreign currency dealers by surprise. The credit
      NYT.  -  707 words
    • 223 9 UPI. THE US dollar will continue to be the key currency, but some other currency will be used, along with the dollar, in international settlements in future, a Japanese banker said on Thursday. Mr. Ko Uemura, director of Japan's Fuji Bank,
      UPI.  -  223 words
  • Page 9 Advertisements

  • DEALS DONE ON THE SES AND KLSE
    • 1340 10 felD and offer prlcea officially Qsted and business In and sported to the Stock Exchange gr Singapore yesterday with the number of shares traded shown ip brackets In lots of 1,000 units anless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". s Big Board
      1,340 words
    • 154 10 4 l/»% 1/8/80 (MOMO) (888 •1MB) 4 1/4* 18/B*BB (MOMO) (61MB •MOB) 1% 11/4/S1 (MOMO) (60MB Ml16B) »*TI 1/6/81 (MOMO) (1011 OB 100 MB) 1/4% T F 10/S/Sl-S4 (M0M0) V% 11/4/86 (M0M0) (100.78E 106 MB) 7% 1/8/86 (M0M0) (100 MB 160 MB) 7 1/4% 11/4/BS (M0M0) (100 MB)
      154 words
    • 96 10 Striking prices of the options officially listed on the Stock Exchange at Singapore yesterday, the period, was and offered prices and busier si done, U any, with the number of options traded shown in trackBum P K (March $L.«) (0.448 0.535) Sarah Mp (March (0.298 0.385) UE (March
      96 words
  • 109 10 IkiOMMm US UI (CM—« >«*-■> i Ttrntntttrmt LM LM CpmPNiM Ml LM l>n he. IM LB LM IfmkMirM LM LM HI UMBIIIli III ND M) m T T IhlfemilM LM LM a Mil PragPiHd LM LXM r Mai smty mad us u ItelBvtormPwd LIS LM r a Hi——fc
    109 words
  • 2570 10 Gr'« Gr'a Net 107 a/70 Last Div Div YTd P/K Vol Day Hick Low Com p«ay Sale 4-or- CY* (*000) Hlgk Low SECTION ONE INDUSTRIALS if 272 132 Acma 211 +4 12.0N 13 5.0 2X9 2 211 210 «a i9o« 123* Alcorn 186 10.0 12 M 1X7
    2,570 words
  • 1588 10 BID and offer prices officially' listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Alum (1 828 1.938) (5) 1.9 J A Chat (1.248) <1)
    1,588 words
  • 565 10 MEfiU) HOLDINGS stele sappert Ib a generally fM but steady market at Iks Steek Frckbb>> el Ike Ante wktek kegan its ellmh en Iknraday tar a soM gala eC 88 eente ea Ike day, krtaglag Ike tetel gate la two days Is
    565 words
  • 462 10 CONDITIONS, by and large, were quiet and selective on the Kuala Lumpur stock market yesterday with prices closing mixed to slightly steadier. Although volume improved slightly, trading was still confined to the market favourites and certain plantation stocks. These shares, however, made little
    462 words
  • 99 10 CHIN Teek n AGM to be held at No. M, Jalan Fatimah, Batu Pahat, Johore, at 10.30 am oo Jan a. Crete and Ctntece Ltd: AGM to be held at the Conference at Mandarin Hotel, Orchard Road, Singapore at 12 noon on Jan 22. Gala Perak M: AGM
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  • COMPANY NEWS
    • 1038 11  - Perlis Plantations no sweet year By ARTHUR NG THE resumption of the longterm sugar supply contract reached between the Queensland government and the Malaysian authorities has had a telling effect on sugar refining companies in this part of the world. Just like Malaysian incorporated Central Sugars which reported mediocre performance
      1,038 words
    • 1377 11  -  LIKE a man in a hurry, Sima Darby Holdings haa grown by laapa and bounds, aapacialty in tha aarty 1970 a undar tha atewardehip of formar chairman Dania Pindar. Varioua acquisition* of notable vaiua such aa SeaftekJ Amalgamatad, Consoiidatad Saiak and China Enginaara
      1,377 words
    • 889 11 On Jan 9 Highlands and Lowlands withdrew its bids for three Hongkong-based rubber companies. Simultaneously, Sime made its bid for Guthrie. Is there any relation between the Guthrie bid and the withdrawal? JIM WALKEX from the South China Morning Post examines the implications. IT HAS
      889 words
    • 362 11 Mm ssaecL^ by HOCK LOCK SIEW METBO TODAY efini the high sf |Mt mehei lact year, la tke toy sf geed Aad la Hke hiMw to Hmteyt tradiagpattera, yesterday's M-eett vslamT aewmp^ed OaJy 2f toto awe daae la tke msraiag before tke
      by HOCK LOCK SIEW  -  362 words
    • 353 11 Curreat Ex Books Date Total for Total for Ptyneil Date ClOM Payable tke year Previous year Ptullif Tin 80*<n) Dec 7 Dec 19 Jan 19 120* 80* c c 20* Jan 8 J an 13 Jan 22 30* 24* Ckla Teck 7.5* Dec 29 Jan 11 Jan 22
      353 words
    • 126 11 Coa pa ay Particular* Ex Date Books Ctoas Berjaya Kawat Raba an Hydraulic C AC MBS 8TP (1976) P. Product# Toshiba Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Right* Issue of 1 for 2 6 S2.00 per
      126 words
  • Page 11 Advertisements
    • 128 11 A PENGUIN N i v» A Tfc- L Jkk wm F## :\r £Hi p«fV S*C* *i«k jr-» w ac I THE MALAYAN TRILOGY This famous trilogy wittily dissects the racial and social prejudices of post-war Malay during the chaotic upheaval of Independence. Through a succession of splendidly colourful characters, Anthony
      128 words

  • 1110 12 Agencies THE IRANIAN power crisis appeared to be deadlocked yesterday with the exiled Shi'ite leader Aytollah Ruhollah Khomeiny and Premier Shahpur Bakhtiar both refusing to yield power to the other. Mr Bakhtiar, in a French television interview broadcast in Paris on Thursday evening, said: "I will
    Agencies  -  1,110 words
  • 184 12 Reuter IRAN'S Prime MlaJster Shapar Bakhtlar was fitted la the British preas yesterday as aaylag the army weald tahe peiw la ahtewiy o—ptf Ay atellah* Khemelay saeeeeded Is fwdag the pwwt geverameat tram The Dally Telegraph aad the Gaardlaa aeampapers reported that Dr Bahhtlar Mid
    Reuter  -  184 words
  • 524 12 BARRING surprises, Asean has everything on its side to successfully meet any challenge. Collectively, the region numbers 250 million people. Geographically, it constitutes the greater portion of South-east Asia. In terms of. natural resources to population, it is perhaps the luckiest in Asia. Politically, it
    524 words
  • 818 12 LONDON, FYi. Trading continued at a low level today with the road haulage strike forcing further lay-offs in industry. Equities met renewed small support at the tower levels, dealers said, and at 3 pm the Financial Times index was 5.3 higher at 479.8 Government bonds in contrast were
    818 words
  • 126 12 AFP AN AIR services agreement between Malaysia and Luxembourg was signed in Kuala Lumpur yesterday, paving the way for the national airlines of the two nations to operate in each other's territory. The visiting Luxembourg Prime Minister Gaston Thorn signed the agreeent in his capacity
    AFP  -  126 words
  • 141 12 THE FIRST Chemasia ex hibition-cum-conference ended at the Hyatt Hotel yesterday with some 70 per cent of the exhibitors expressing interest in participating again at the next exhibition planned for next year. It wil] be held at the World Trade Centre. Disclosing this
    141 words
  • 207 12 AP. CmBANK mM the Beearittea sad OmhUm, Ike Mar af tke earraaey (•veraaeal aathertttM are tavertyy S* SSSamld V? trading kaataesa nay >aw wa U—l <1 lava la lag nii Mam la ai, Vast gjjjjgjjwy S* line L«» Mettaa with a wkmri vatm
    AP.  -  207 words
  • 78 12 THE manager of Hongkong twi Shanghai Ranking Corporation's Singapore branch, Mr A.R. Petrie will leave for Hongkong shortly. From there he will go to the United States where he will take up a senior appointment on behalf of the bank. Mr. Petrie has headed the local branch since
    78 words
  • 296 12 Reuter. JAPAN may discontinue its self-imposed export restraint on eight major export items after endMarch, International Trade and Industry Ministry officials said. They were commenting on a press report in the Nihon Keizai financial daily newspaper that the ministry decided to end restraints
    Reuter.  -  296 words
  • 495 12 Reuter. KAMPUCHEA'S only deep sea water port of Kompong Som is again in the hands of Vietnamese and rebel forces after briefly being held by troops loyal to Prime Minister Pol Pot, diplomatic sources said in Bangkok yesterday. The port was first claimed captured by
    Reuter.  -  495 words
  • 445 12 FOREIGN MINISTERS of Asean will meet next June In Bali to finalise plans for a third Asean summit, Philippine President Marcos said yesterday. Mr. Marcos said that the Asean foreign ministers would decide whether there was a need for a third summit, which Manila
    445 words
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  • Page 12 Miscellaneous
    • 58 12 WE&TiHERf Outlook for Singapore from 6 a.m. to noon today: NO RAIN. Bepert tor U kMn prtor to 7JI p.m. mJu 19 M the airport: Maximum temperature 32.2 Associated humidity 51 Minimum temperature 22.1 Associated humidity 96 Hours of sunshine 10.85 Rainfall in millimetres Nil Total rainfall for the month
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  • LEISURE TIMES
    • 343 13 Fashion h. I HERE'S the sort of man you've seen before he's wearing a shirt, a belt, a pair of trousers. Nothing extraordinary. And yet he stands out in a crowd. Why? Apart from well co-ordi-nated colours, it's all a matter of the right fabrics and the
      343 words
    • 118 13 STEP IN the right direct!— la these shoes, made for the exeeattve whs believes hi aastintiag head fo foe elegaaee. The seies sf all the shees hear the rigaatore sf their derigaer, Raerigaleppi, as a gaaraatee af their aaattty. He eemhtoes Uxard skto er ereeedile skin
      118 words
    • 852 13  -  PURSUITS By MARGARET THOMAS ENGINES rev impatiently at the starting line. Tension mounts in the hot and grease-laden air of the pits. Suddenly the flag drops. Exhausts roar as they take off, tyres screeching and burning. Necks crane as the cars tear round the track.
      852 words
    • 1064 14  -  DESTINATION Tsang Sau Yin ON A DECEPTIVELY cool, 6 am Sunday morning, a small band of concerned membw» of the Malayan Nature Society, Singapore branch, decided to lend a hand to their sister organisation acroas the Causeway In Its fight to preserve what could be
      1,064 words
    • 1221 14 Mil SIB am g v il M ff FROM 1450 to 1550, the Netherlands School of composers brought Renaissance polyphony to its height. The emphasis shifted to sacred music, the best work was, on the whole, that written for liturgical use. The characteristic "ideal" sound
      1,221 words
    • PROPERTY
      • 685 14  -  By TEO TECK WENG CENTURY Park Sheraton, the first major Japanese hotel Investment here, will be officially opened for business today. The 463-room hotel, owned and operated by ANA (All Nippon Airways) Hotels (S) Pte Ltd., win be declared opened by the senior
        685 words
      • 634 14  -  •y JOHN LIM THE CROWD boogied till their dancing wboea were catching fire, and smoke rose from the hexagonal dance Qoor, h—nw of light from above. Someone called the fire department, and when they arrived, the revellers were still dancing away. Yea,
        634 words
      • 390 14 HOTEL management is a mao-to-man service and computers are no substitute (or the personal approach. Tills Is the view of Mr KM Yamashita, the 30-year-old managing director of ANA Hotels Pie. Ltd., owner of the 463-bedroom Century Park Sheraton which opens today. Mr Yamashita,
        390 words
      • 77 14 C E Orchard centre going places... IB PROPOSED t» matm CAB OnM omtre, wtoeh wffl to ftj la Nf«Ma •Jy* jsr £sr s aalCi E f LM* Ike rfMtonj CAB U". ~*"T Ito e««rc wUtk toe m heMi Mi ■nt to toe pripml Art Btag DtpuM Slw to y ft*
        77 words
      • 388 15  -  By TEO TECK WENG FOREIGNERS have been keeping the If ring agents tar Ardmore Park, Malayan Credit Properties' $90 million residential scheme, busy since last August. Mr Colin Moore of Jones Lang Wootton, principal teasing agents for Ardmore Park, says "foreigners, especially the British and Americans,
        388 words
      • 623 15  -  By TSANG SAU YIN THE OLD ADELPHI is coining down. Tte "demolition tender that will clear the site of its former glories has been awarded. The new structure that will rise from the rubble will be chiefly a businessman's retreat, built particularly with
        623 words
      • 631 15 CAN OWNING a swimming pool be cheaper than buying a second car? Apparently yes, from the estimates of a local company dealing with such enviable merchandise. Ideal Pools, under the management of Mr. James See Thoe, figures that the Initial capital outlay for
        631 words
    • 680 16 MOTORING with Hermes ALTHOUGH ultimately •owned by the US giant, Motors, the Opel .Rekord 2.0 S Berlina is rmnry inch as Teutonic a car .ta those built by wholly domestic producers in the .Federal Republic. Body design is from the «4>pel people in Germany as
      with Hermes  -  680 words
    • 83 16 VOLVO Far East, the Pesaag Mslsr Sparta CM and the AA «f Maiaytfa are getting together to srgaaise aa aaasaal —tortf event tor Valve drivers, a tear name—test covering Singapore, Malaysia and Thailand. Fifty esaptos la their Valves will drive letosreiy frsß Singapore to Bnag* kek. Winners
      83 words
    • 867 16  -  PHOTOGRAPHY COLIN CHEE TAKING PICTURES with cameras can be both a simple and an earth-shaking event depending on what you think photography is. If it means no more than a record of a picnic or a holiday you are likely to feel
      867 words
    • 1114 16  -  RECORDS By PETER DAVIS NYT ON THE BASIS of sheer quantity, newly released recordings of Maria Callas and Herbert Von Karajan dominated the classical record world in 1978. This is an especially curious paradox in the case of Callas, who died just over
      NYT  -  1,114 words
    • 282 16 BOOK OF THE WEEK Title: Dal gated by: Ds^latMm Price: $IUO Reviewed fey Nermaa Cattaaneh IP SALVADOR DALi had teal Is waste away la a Paris garni while watUag fer the art critics Is realise that he was a geaias af the first order bis aaase
      282 words
  • Page 13 Advertisements
    • 39 13 H yea uc la skippiag, er virtually My trade, ysa aeed Shipping Times. PiUaM five times a week with Bwtfw Times, It keeps yea ap to date sa strips, perts aad ahipptag Iwhm. Make me yea get year eepy.
      39 words
    • 198 13 mm TAKING a enllig tip hi tie 4 The NEW ©XrCED ILLLSIMTED DICTICNAKy 1478 1978 in Two Volumes Here it is Oxford celebrates its Quincentenary Year (1478 1978) with the publication of THE NEW OXFORD ILLUSTRATED DICTIONARY. The NeW Oxford Illustrated Dictionary is both an up-to-date dictionary and a basic
      198 words
  • Page 13 Miscellaneous
    • 729 13 WHAT WHERE FILM SHOWS THIS MORNING at the museum, 10.45 am, two documentaries each lasting about an hour will be shown. These are Soccer Games from Park's Cup and 2,000 years of Korea's Fine Arts. Films are by courtesy of the Embassy of the Republic of Korea. THE SUNDAY science
      729 words


  • Page 15 Advertisements
    • 109 15 BELLI AM BECURmEB (S) PTC LTD (Real Estate Division) Tower 2101 A, DBS Building TEL: *****33 Nothing's Too Big Nothing's Too Bmall Handles Them All. TOWNHOUSE#/APARTMENTS Amidst serene and high class surroundings. Beautiful swimming pools, tennis courts, sauna, keep-fit room, shopping arc hade. LAJHOUBMG 3-storey, S bedrooms, fully furnished. Rant/tele
      109 words
    • 226 15 +(**+:?^+=$]_?['&@(%+&|"?+*>$$/ Richard Ellis C H Williams Loh (Pie) Ltd. I'll; rll 11 onl Pr op 't y Con suit,«n*s Alfunicd Read rwrti Mm: (HnMHon Upper Thomson Road Area: 1000 to tt.OOOm' Mm: $170 to $«40/ m* OFFICES: Market Street Mew W-storey office building Entire lloon onlr-MO/S3om' Rental: $UOO/$5OO0 p.m. Alexandra
      226 words
    • 296 15 INDUSTRIAL PROPERTIES WE SPECIALISE IN ALL SECTORS OF THE PROPERTY MARKET THROUGHOUT THE WORLD. OUR SINGAPORE OFFICE UNDERTAKE AGENCIES FOR ALL INDUSTRIAL PROPERTIES ON BOTH SALES AND LEASE. WE HAVE A FULL RANGE OF FLATTED FACTORIES, DETACHED FACTORIES, TERRACED FACTORIES, FLATTED WAREHOUSES AND INDUSTRIAL SITES AT REASONABLE PRICES OR RENTALS.
      296 words

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