The Business Times, 24 February 1979
1979-02-24
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The Business Times
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Title Section11 1979-02-24 1 BUSINESS TIM ES M.C.(P) No. 146/1/79 SATURDAY FEBRUARY 24,1979 50 CENTS11 words
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BRIEFLY...
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Article76 1979-02-24 1 AFP TOKYO, Fri. Indonesian Foreign Minister Mochtar Kusumaatmadja said in Tokyo today his country is still "cautious" about re-establishing diplomatic relations with China, citing the overseas Chinese problem as a "decisive" factor hampering the rapprochement. Speaking at the Japan National Press Club towards the end of hisAFP - 76 words
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Article70 1979-02-24 1 Reuter BANGKOK, Fri. Chinese forces are believed to have captured three more provincial capitals in northern Vietnam, informed sources said today. They said the Chinese, who struck into northern Vietnamese border provinces last Saturday, were believed to have taken the towns of Cau Bang in theReuter - 70 words
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Article92 1979-02-24 1 THE Industrial Bank of Japan (IBJ) has joined the list of Japanese borrowers in this market by issuing its first floating rate certificate of deposit. The US$25 million (5554.25 million) issue will carry a rate of one quarter of one per cent above Sibor for a three-year period.92 words
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Article58 1979-02-24 1 UPI TOKYO, Fri. Canada has approved a 15 per cent cut in air fares from Japan to Vancouver, effective March I, Japan Air Lines said today. The airline said the reduction, which applies to air tickets bought in Tokyo, is designed to keep pace with the riseUPI - 58 words
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Article63 1979-02-24 1 Reuter ISLAMABAD, Fri. Saudi Arabia has joined mounting Arab pressure on Pakistan's army ruler to spare the life of ex-Premier Zulfikar Ali Bhutto, its ambassador said today. The appeal came the day before the Supreme Court hears a petition by Mr Bhutto's lawyers asking the court toReuter - 63 words
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Article67 1979-02-24 1 AFP JAKARTA, Fri. Heavy equipment including a mobile crane towed on two barges from Singapore were sealed by customs on Feb 8 upon their arrival here and are still held under attachment despite protests by the Tanjung Priok port administration. A customs spokesman said the action wasAFP - 67 words
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Article77 1979-02-24 1 UPI NEW YORK, Fri. The stock market moved lower early today in fairly active trading. The Dow Jones industrial average, which fell 5.98 points on Thursday, was off 2.67 points to 825.88 around the first hour of trading. Declines led advances, 552 to 339, among the 1,342 issuesUPI - 77 words
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Chief Price Changes
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Article135 1979-02-24 1 Falls Tronoh Mines 710 -25 C K Tang 185 -23 Shangri-La 520 -20 Nat Iron 605 -15 Straits Trading 530 -15 Metro Hldgs 318 -12 Guinness 490 -10 Goodwood Park 450 -10 Tan Chong 268 -9 Sel Coconuts 360 -8 High Low 346 -8 Y H S 322 -8135 words
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Article, Illustration146 1979-02-24 1 Falls Berjuntai 720 -35 Tronoh 720 -30 Roxy 232 22 Oriental 555 -15 Sel Nut 364 -14 Rahman Hyd 376 12 Perlis 205 -11 Dunlop Est 382 -10 Consplant Wrts 390 10 Carlsberg 402 -10 FAN 510 -10 S Trading 540 -10 Sg Besi 685 -10 Petaling 700146 words
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Article877 1979-02-24 1 JOHN TAN - CPF MAINTAINS SILENCE By JOHN TAN, Economics Correspondent THE life insurance industry in Singapore is on tenterhooks waiting for the move by the Central Provident Fund (CPF) board to set up its own insurance scheme. And it is not happy about it. The Life877 words
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Article150 1979-02-24 1 MALAYSIA will be presenting a multi-million dollar industrial package of 40 projects for joint investment with European industrialists in Jakarta next week. These projects form part of 185 projects proposed by the five Asean countries at the second conference with the European Economic Community on150 words
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671 1979-02-24 1 WANG LOOK KEAH - By WANG LOOK KEAH THE ASEAN countries are giving Canberra a last chance to modify its international civil aviation policy (ICAP). Counter measures will be taken should the next meeting with Australia "fail to yield the desired results." This was agreed upon at671 words
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277 1979-02-24 1 AN EXTRA high voltage link-up for the flow of electricity supply between Singapore, Malaysia and Thailand is being planned. Soch a link-op, which usually entails extra high voltage overhead transmission, will allow better load sharing during peak hours and more efficient nse of reserve277 words
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435 1979-02-24 1 MARGARET THOMAS - By MARGARET THOMAS THE PRICE of bottled soft drinks is likely to be increased in the near future. It is believed that bottlers of soft drinks reached agreement yesterday on the price rise after some months of talks amongst themselves and with the Department435 words
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Article81 1979-02-24 1 COMMERCIAL banks in Singapore may get a reply from the government in a month's time on their petition to be placed on equal footing with the Post Office Savings Bank. RTS reports that the matter is now before the Ministry of Finance. The Association of Banks in81 words
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Page 1 Advertisements
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Advertisement8 1979-02-24 1 SINGAPORE BUSINESS The Business Magazine SEE BACK PAGE8 words
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Advertisement8 1979-02-24 1 TEACHER'S ROYAL HIGHLAND 12 YEAR OLD SCOTCH WHISKY8 words
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Advertisement76 1979-02-24 1 raoazzzz LEISURE TIMES THE January "surprices"......... 2 FIRST local recipient of AIM award....................................... 2 SUPER snoop-y is watching you fi OPTIONS for Russian thrust into China................................. 7 LETTER to editor on that Sinfin tussle 7 THAILAND to issue US$39 million floater t STRONGER profits in the UAC pipe1ine....................—............ 11 CHINESE76 words
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Advertisement5 1979-02-24 1 Leader... Page I Leader...Page ft5 words
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Advertisement125 1979-02-24 1 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. Smjipor' 7'M'll I K I >004 M« (Kid it- 'OOS«S I p*r t, :#<io t, g«ii t, j as HM7K .\>o«* i 3 I *****3 CFS iS«37S itmi AKAI TT T l n'OPOVyCf PRO 400 0125 words
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TRADE AND INDUSTRY
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Article, Illustration652 1979-02-24 2 JOHN TAN - By JOHN TAN THE consumer price index (CPI) surprised most people last month by declining just before the Chinese festive season. For most years, January is the time when prices of most items peak and when the CPI rises to unusually high levels. This652 words
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Article110 1979-02-24 2 THE Department of Trade will be operating from the World Trade Centre from March 5. However, a section of the urgent processing unit of the imports and exports office will continue to function at the Fullerton Building until further notice. The department will start moving110 words
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353 1979-02-24 2 ABOUT 35 participants from the Asean countries representing the public and private sectors will attend a three-week Asean-EEC seminar on The Management of Transfer of Technology to be held in Pattaya, Thailand, from Aug. 12. The seminar is the third in a series held since353 words
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Article, Illustration210 1979-02-24 2 MR. P. K. Yeap, general manager of Cycle and Carriage Industries, will today become the first Singapore recipient of the Asian institute of Management's annual Achievement Award. Mr. Yeap will be receiving the award In Manila today, as part of the AlM's 19th210 words
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Article76 1979-02-24 2 A LOCAL chartered secretary and management consultant, Mr. Lee Fook Hong, has published a new Singapore taxation guide called "Capital allowances on industrial buildings and plant and machinery." The book brings together all the provisions of the Singapore Income Tax Act on capital allowances and includes some76 words
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274 1979-02-24 2 EAST Germany sees Asean as a potentially lucrative market for her manufactred products, despite its present limited success in promoting them. Mr M.Unterpann, the director of the East German Ministry of External Trade, who was leading an 11— member trade delegation for a month-long tour274 words
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Article130 1979-02-24 2 THE University of Singapore's department of extramural studies will conduct courses on office management, graphic design and private secretarial administration next week. The 12-Jecture course on office management will begin on Monday at the Waterloo Street Shopping Centre. It will be conducted by Mr Lim Yew Kai. a130 words
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Article, Illustration422 1979-02-24 2 THE SALE of the second series of the 1980 Olympic Commemorative coins conprising one gold, one platinum and five silver coins for each set, was started yesterday. At a ceremony, the regional managing director of Numinter BV, sole worldwide distribution agents for the coins,422 words
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279 1979-02-24 2 AN AMERICAN manufacturing company is attempting to sell its loss-making Malaysian venture as a tax shelter for profit-rich investors. The company has land and buildings in the Malaysian state of Negri Sembilan. The assets have long since been transferred to other plants in279 words
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Article106 1979-02-24 2 AFP AN AUSTRIAN feasibility study of steel projects in Malaysia was submitted to the Malaysian Economic Planning Unit (EPU) yesterday. The USfl.s million (553.2 million) study, carried out over three years by the Austrian consultant Austromineral, looks into the development of the Malaysian steel industry upAFP - 106 words
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256 1979-02-24 2 THE Australia Meat and Livestock Corporation has established a representative office here to help those interested in the meat and livestock trade with Australia. The office, at OCBC Building, will deal with any matter ranging from the quality and availability of meat, shipping space,256 words
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Article416 1979-02-24 2 COURSES AND TALKS Feb 5-Apr 14: Diploma in Life Insurance, SITC, SITC Feb 17-Mar 3: Marketing for the secretary, SIM, SIM Feb 26-27: Performance appraisal and counselling, SIM, SIM Feb 26-28: Project Planning and Evaluation, Hilton, SGV-Goh Tan Feb 26-Mar 1: Budgeting and budgetary control, SIM, SIM Mar416 words
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Page 2 Advertisements
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Advertisement151 1979-02-24 2 w* iTIIKIUHJX It'! V*i THE CONSUL'S FILE A sequence of twenty episodes in the life of Ayer Hitam in Malaysia, seen through *\lthe eyes of the resident American Consul, dy The whole spectrum of life in Malaysia is echoed, from adultery to murder, from ghost stories to the vagaries of151 words
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REGIONAL
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281 1979-02-24 3 AFP THE private Asean Business Council proposed in Manila on Thursday the creation of two Asean companies one to trade and the other to fish to "test the political will" of the Association. The council, ending a three-day meeting attended by business leaders,AFP - 281 words
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Article252 1979-02-24 3 AFP INDONESIAN exporters have not enjoyed the advantage of the rupiah devaluation which the government says is intended to boost the country's export drive, head of the Indonesian Exporters and Producers Association Abdui Latief said yesterday. The exporters, in fact had placed high hopes on theAFP - 252 words
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Article49 1979-02-24 3 Reuter JAPANESE Economic Planning Agency director general Tokusaburo Kosaka said the US is considering imposing import surcharges on Japanese goods to reduce its huge trade deficit with Japan. He told a parliamentary budget committee this was revealed during recent bilateral trade talks in Washington. ReuterReuter - 49 words
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Article127 1979-02-24 3 Reuter THE INDONESIAN government is speeding up studies on a possible rubber or multi-commodity exchange in Jakarta, according to the director general for foreign trade Suhadi Mjngkusuwono. An Indonesia study team visited Singapore early this month for consultations with the Rubber Association of Singapore, the bodyReuter - 127 words
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Article, Illustration701 1979-02-24 3 A TEAM of Australian researches has made major advances in the knowledge of pain-killing drugs acting in the body. They have greatly improved existing techniques for the relief of post-opera-tive pain, with the potential to eliminate suffering for millions of hospital patients. Members of the team atAIS Photo - 701 words
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Article99 1979-02-24 3 WITH the decline in imports through Penang island, certain big godowns in Penang have been converted into factories for light industries. Some godowns, especially those in the Sungei Pinang area have been converted into offices, according to a godown owner. He said most of the godowns on99 words
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442 1979-02-24 3 AFP CHINA has decided to take urgent measures to revitalise its forestry industry by totally reorganising the industry's management. The New China News Agency (NCNA) reporting yesterday, said Mr Luo Yuchuan, director of the State General Administration of Forestry, on Thursday, presented a meetingAFP - 442 words
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237 1979-02-24 3 INVESTMENTS, mostly foreign, worth more than US$2.7 billion (SSS.B biUion) are expected to flow into Sabah during the next three years. Most of the investments will be from the petroleum and petroleum chemical industries estimated at about $2 billion and from the proposed aluminium237 words
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701 1979-02-24 3 AP CHINA'S invasion of Vietnam has not dimmed the euphoria of Western businessmen hoping for a chunk of the China market but some bankers admit to a temporary ease of jitters. Businessmen and bankers, who were surveyed informally in Hongkong, generally agree thatAP - 701 words
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Article121 1979-02-24 3 Reuter NATURAL gas deposits discovered in the Gulf of Thailand so far total an estimated 184 billion cu. metres, Thailand's Natural Resoruces Department said. It said that of 46 wells drilled in the Gulf, 17 yielded natural gas and three more crude oil. Of the estimated gasReuter - 121 words
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Article192 1979-02-24 3 Reuter THE WORLD Bank will double its loans to Thailand to US$5OO million (Ssl.l billion), according to Thai Deputy Prime Minister Sunthorn Hongladarom. He told an American chamber of commerce lunch in Bangkok on Thursday that most of the additional loans would be used toReuter - 192 words
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270 1979-02-24 3 Reuter JAPAN had a customs clearance trade surplus of US$l4 46 million (5530.3 million) in the first 10 days of February, compared with a $971 29 million deficit in the same January period and a surplus of $598.94 million in the same period ofReuter - 270 words
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Article144 1979-02-24 3 JAPAN will import 180,000 tonnes of steaming coal from China in the financial year starting next April. The semi-official Electric Power Development Company Limited said the amount Japan agreed to buy was up 30,000 tonnes from 150,000 tonnes in fiscal 1978. The company, which represents Japanese users144 words
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Page 3 Advertisements
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Advertisement26 1979-02-24 3 Superb Northern Indian, Kashmiri and Moglai cuisine for the discriminating gourmet. "The mast distinguished Indian Restaurant in the *\>rld J. Walker (mat Tel: .161.50S h— A26 words
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Advertisement109 1979-02-24 3 '■60^ A PENGUIN M 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 Burgess delineates the conflict and confusion arising from the almost enforced mingling of cultures. Time for109 words
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Page 3 Miscellaneous
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Miscellaneous664 1979-02-24 3 TWOISL CRYPTIC PUZZLE ACROSS 3 As knitted for Walsh"' (5) 8 Informative home entertainment (5) 10 I have to go in the Rolls for water (5) 11 New one possibly (3) 12 Characteristic form of attire. almost (5) 13 A smashing wave (7) 15 It has its endless pattern on664 words
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RAW MATERIALS
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Article, Illustration514 1979-02-24 4 THE ROTARY injector developed by the Rubber Research Institute of Malaysia (RRIM) for use in a new tapping method called "puncture tapping" marks the start of mechanisation in rubber tapping. Smallholders, who account for more than 60 per cent of production, are facing a labour shortage514 words
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Article249 1979-02-24 4 A SPECIAL meeting of the International Coffee Organisation's executive committee to discuss ways of stabilising world prices of the commodity will be held in London next Tuesday. The ICO has just revised slightly upwards its forecast of available supplies in *****9. The organisation said in its249 words
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Article239 1979-02-24 4 OPENING prices in Singapore yesterday were about unchanged and first business was traded one cent downwards. Thereafter, the market rose quickly on covering interest and some forward trade demand. After midday sellers predominated and the recovery was shaded, with the easier Japanese market also dampening sentiment. Turnover was fair.239 words
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Article452 1979-02-24 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kUo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.o.b. 252 50 255 50N 252.00 253 00N Int. 1 R.S.S. March 254.00 254 50 253 50 254 00 Int. 1 R.S.S. April 256.00 256 50 255.50 256452 words
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Article133 1979-02-24 4 NOON SSR and SMR pr.ce veftterday RAS March April (Curreat Mth) I For ward Mth) Buyera Sellers Buyera Sellers SSH 2» II u*n pallet' .'4 4 m 246 IR)N 245 00 247 00% ssr II n>n pallet» 241 (HI 24.100N i. m 244.QON M RKI B SMR133 words
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Article70 1979-02-24 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Thurs Previous Malaysian 5%ffa bulk per tonne April 710slr 709slr Sumatra 5% f fa bulk February unch 735sIr March 720 730pd 730slr April 710/72Spd 720slr May 695/705pd 707 .sir June 690/692 pd700pd July 685/692 pd655pd70 words
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Article86 1979-02-24 4 THE STRAITS tin price in Penang yesterday fell Ms 24 to $1,876 per picul, $176 above the International Tin Agreement ceiling. The metal weakened on increased volume of tin concentrate deliveries by miners and the continued fall on the London market, although some light Japanese and local buying86 words
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Article30 1979-02-24 4 Rubber: Feb 23 Singapore: March: 253.50 cents (down 0.50 cent) Malaysia: March 256.50 cents (up 0.25 cent) Tin: $1,876 (down $24) Official offering: 152 tonnes (up 83 tonnes)30 words
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Article218 1979-02-24 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE 100 pet first class Kangaroo) new crop 0 96. 100 pet second class 0.85. 100 pet third class 0 83. 25 pet new crop no stock. B-10 pet 0.75. THAI BROKEN: A-super 0.62. Special 0.56 THAI RICE: 56218 words
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Article100 1979-02-24 4 CHICAGO soybean futures on Thursday reacted sharply to news that Iran plans shortly to resume oil exports, falling as much as 16 US cents from highs at the close. Futures retained gains of three cents to half a cent a bushel in most months while the August and September100 words
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Article, Illustration525 1979-02-24 4 JITE MILL owners in Calcutta have said that their export prospects had been quite satisfactory before two strikes disrupted the flow of supplies. The first strike was by the bargemen of Calcutta port which lasted for nearly two months at the end of last525 words
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Article336 1979-02-24 4 QUIET and lacklustre trading was still very much the order of things at the Singapore produce market yesterday. Prices were at best steady. Pepper prices were marked down by $2.50 per picul just to bring them more in line with levels prevailing in overseas markets. It was for336 words
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Article130 1979-02-24 4 TRADING on the sugar futures market yesterday continued Thursday's dull and featureless trend with no trades registered against two lots on Thursday, dealers said. Net open positions remained at 12 lots. Sugar futures closing prices: Owing Prevteas CMbc Mch 8.20 60 unq May 878 88 883 S3 Jly130 words
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313 1979-02-24 4 THE China Vietnam war situation dominated trading in the week ended Feb 22 to take the Malaysian and Singapore rubber markets up a maximum of 12 cents in active, and at times uncertain, conditions, says HaUday, Cutler, Bath ft C*.313 words
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Article609 1979-02-24 4 OILSEEDS: Trade reports that India purchased around 52,000 tonnes of any origin soybean oil for March April shipments overnight supported nearby deliveries in the Dutch market yesterday, but forward positions traded slightly under Thursday's levels brokers said. An additional 10,000 tonne rapeseed oil purchase by India also helped609 words
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Article200 1979-02-24 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godownt Cattaa .vara: China Blue Phoe nix 20s 2.375; 32s 2.915, 40s 3.100 (per bale of 400 lbs) PW*e gaada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq. Flower and200 words
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Article113 1979-02-24 4 LOCAL and commercial selling helped push nearby Chicago wheat futures on Thursday 2 US cents a bushel lower while most back months ended a shade higher to unchanged. Prices gained through midday as a result of local and commission-house buying, some of it linked to the March contract moving113 words
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Article854 1979-02-24 4 NOVEL SEARCH METHODS NYT. THE Uranium Rush is on in northern Saskatchewan as an international crowd of prospectors takes advantage of temporary roads of snow and ice to comb virtually every square kilometre of the area for undiscovered deposits. The region is virtually impassable in theNYT. - 854 words
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Page 4 Advertisements
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Advertisement398 1979-02-24 4 r^r^Ttro-«• shct 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 been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell her story because the398 words
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OVERSEAS
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Article740 1979-02-24 5 ARRIVALS Service Local Operator Number Time From SIA SQ101 0815 KUL MAS MH607 0845 KUL MAS MH671 0915 KUL MAS MH831A 1000 KUL CAL CI806 1000 HLP CPA CX710 1006 HLP RBA B1323 1030 BWN GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL740 words
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Article, Illustration435 1979-02-24 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dugi Otok (after Centaur) 46. Kimanis (1800 after Rajah Brooke) 20. LCT Sarwaguna Tujuh (after King Dragon) 22. Lica Maersk (after Raising) 44. Mammoth Sean (after Lucky Dragon) 29 30. Nedlloyd Korea (1500 after Frotario) 3 4. Palm Sea Horse (2200 after435 words
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495 1979-02-24 5 Reuter US FEDERAL Reserve Board chairman, Mr William Miller, does not expect a significant easing of inflationary pressures in the United States soon. He told the Senate budget committee on Thursday that various factors make it difficult to envision inflation slowing markedly fromReuter - 495 words
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Article116 1979-02-24 5 IN WHAT could be the largest-ever personal bankruptcy case in the world, court administrators in London have begun liquidating assets of 43-year old fallen financier William Stem. Judicial sources said London magistrates earlier estimated the personal debt of Mr Stern, a 43-year old American, at116 words
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Article188 1979-02-24 5 AP THE president of Eastern Airlines thinks the American airline industry will soon be consolidated into six or seven major carriers. Mr Borman, chairman and president of the Miamibased airline, said on Wednesday that recent deregulation of airlines by the federal government will force theAP - 188 words
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317 1979-02-24 5 Washington Star US TREASURY Secretary Mr Michael Blumenthal has rejected a proposal from Exxon Corp to block a World Bank programme to finance natural gas and petroleum exploration in lessdeveloped countries that could increase known reserves and stabilise consumer prices. Exxon chairman CWashington Star - 317 words
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246 1979-02-24 5 AP CHARGING that President Carter has overstepped his authority, the United States' biggest larbour organisation, the AFL-CIO, said it will go to court to have Mr. Carter's voluntary wageprice guidelines declared illegal. Federation president George Meany said the programme is actually mandatory because of sanctionsAP - 246 words
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Article67 1979-02-24 5 AFP. THE UNITED States reaffirmed its intention to bring its current account deficit down to some US$B billion to $9 billion (about Ssl7 billion to $19 billion) this year, despite the current problems on the world oil market. US Undersecretary of State Fred Bergsten said onAFP. - 67 words
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392 1979-02-24 5 UPI AIR TRAFFIC controllers, customs officials and thousands of other civil servants walked off the job yesterday in support of pay demands, dealing another blow to Prime Minister James Callaghan's efforts to quell Britain's labour troubles before the next elections. The strike byUPI - 392 words
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WORLD IN BRIEF
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Article459 1979-02-24 5 THE US Senate foreign relations committee voted unanimously on Thursday to approve a Taiwan security Bill which declares that continued US recognition of the Peking government depends upon a peaceful approach by China towards Taiwan. The committee accepted a compromise wording which declares that a threatened459 words
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Page 5 Advertisements
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Advertisement326 1979-02-24 5 GOOD READING FOR ALL RARENIS I «5t P A \r Learning Through Play is a book chock full of ideas for 1 simple games, activities and 1 experiments, designed to help I children develop their minds and bodies. Babyhood should be required reading not only for all parents but for326 words
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Article465 1979-02-24 6 IT HAS BEEN nearly six months since the Government first announced that it was examining the possibility of adding life insurance to the other services provided by the Central Provident Fund (CPF). Since that day when the Labour Minister first told Parliament about the scheme,465 words
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332 1979-02-24 6 RELATIONS between Asean and Australia have deteriorated alarmingly since Australia announced its International Civil Air Policy (leap). The matter is no longer one purely about fares. The issue goes even beyond protectionism. The question being asked now is whether one country professing to332 words
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Article, Illustration1129 1979-02-24 6 DAVID BURNHAM; DAVID BURNHAM - Americans may never have heard of it, but it watches their country's defence and economic developments very closely through long-range listening devices, and it feeds the CIA and the FBI with the information they need. It is also the most massive and influential communications network inNYT - 1,129 words
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Page 6 Advertisements
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Advertisement252 1979-02-24 6 ts APOLLO HOTEL Havelock Road. Singaore 3 Tel: *****1 AMBASSADOR HOTEL ***** Meyer Road. Singapore 15, Tel: *****11 CENTURY PARK SHERATON Nassim Hill, Singapore 10 Tel: *****7 CHEQUERS HOTEL 418 Thomson Road. Singapore 11 Tel: *****66 COCKPIT HOTEL 6 7 Oxley Rise. Singapore 9 Tel: *****1 GREAT EASTERN HOTEL 401252 words
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Advertisement18 1979-02-24 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations rinq *****3 extn 253618 words
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Page 6 Miscellaneous
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Miscellaneous53 1979-02-24 6 BriStdW-rßank^dte H GOOD moßNiriG RCK£.T oer T rtt vuls t «TSS. lis udok*g roR. r RUDGC. LTD. y secgeTptev/... CMI VC MG.R LafcU£ (3%- 2.4 -2>b") SHe U4RSN-T HAD P> GRewr DGAL or exPeK\G^ce» tee wfce. N fou P one. Me UJPvNTS To KrtOu) if Sou CAK RgpO PvtslD iu>R»Te53 words
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Miscellaneous862 1979-02-24 6 Braving the new world St RPRISE, St RPRISE!! It looks like a Rood day ("good" must, of cmtm, be takei in a relative sense) for sitting in front of the little magk bu. Watch three HoUywood stars Richard Todd, Patricia Neal aad Ronald Rcagaa from bygone days in The Hasty862 words
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Article470 1979-02-24 7 NO matter how diligently the US government tries to anticipate future upheaval in the Arab world, such efforts will fail because they are based on erroneous assumptions, a Columbia University Professor says. The government's experts are mistaken in imposing their own standards on a region470 words
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701 1979-02-24 7 Howard Davis - Letter to the Editor Howard Davis President United Chase Merchant Bankers Dear Sir: We refer to the leading article on Wednesday, Feb 21, and write as a merchant bank which shares your concern to "satisfy the investing public", and in the capacity of701 words
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Article, Illustration726 1979-02-24 7 WILLIAM J. HOLSTEIN - For those who fear imminent and large-scale war between the Soviet Union and China, here is some reassurance, grim though it may be, from WILLIAM J. HOLSTEIN. The Soviet Union will have to retaliate in some way against the Chinese move into Vietnam,UPI - 726 words
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Article296 1979-02-24 7 ONE OF the latest "free offers" in town comes from the PLUMROSE brand of canned foods. For every six tins of its products that you buy, you will be given either a little plastic pig or a plastic cow. Perhaps these are for display during mealtimes296 words
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847 1979-02-24 7 Leonard Silk - FORUM r ...with Leonard Silk NYT THE economists at Citibank attribute the weakness of the US dollar and the strength of the German mark and Japanese yen to the different rates of inflation and monetary growth in the three countries and to theNYT - 847 words
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Page 7 Advertisements
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Advertisement306 1979-02-24 7 m HOTEL ASIA 37 Scot is Road, Singapore 9 Tel: 3783## HOTEL EQUATORIAL 5043*1 Singapore 10 GARDEN HOTEL I Balmoral Road. Singapore 10 GOODWOOD PARK HOTEL 22 Scotls Road. Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL Td°3 r ***** CavenilBh Ro ds Singapore 9 HOLIDAY INN SINGAPORE 25 Scoils Road.306 words
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Advertisement74 1979-02-24 7 ORCHID INN 214 Dunearn Road, Singapore 11 Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1 -3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL74 words
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INTERNATIONAL STOCKS
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Article362 1979-02-24 8 AFP, UPI. CHINA has signed an agreement with the West German firm Messerschmitt-Boelkow-Blohm on development and construction of one or more television satellites, Mr. Gerd Madelung, chairman of MBB, said recently. He did not reveal the worth of the deal, signed in the first half ofAFP,; UPI. - 362 words
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Article119 1979-02-24 8 Reuter ESSO Exploration Inc and Shell Exploration BV have been granted onshore oil survey concessions in Thailand, Deputy Industry Minister Bunying Nandhabhivat said. Esso has received exploration rights over five blocks in the northeast, covering an area of 50,000 square kilometres, while Shell was givenReuter - 119 words
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Article262 1979-02-24 8 UN I ROYAL Incorporated declared a fourth quarter net share profit of US7 cents compared with 5 cents previously. The net profit stood at 53.1 million compared with a loss of $200,000 in the previous quarter. Net figures in 1977 were restated to include capitalisation262 words
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217 1979-02-24 8 HONGKONG and China Gas said it expects to pay dividends totalling at least 90 HK cents for 1979 against 87 cents for 1978. The total will comprise three interim dividends of 20 cents and a final dividend of at least 30, it said217 words
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Article58 1979-02-24 8 AP. FORD Motor Company will install an all-plastic halogen headlamp on some cars starting with 1980 models. The headlamps, apparently the first plastic lamps to be used on production cars, will be limited to about 200,000 Lincoln models during the first year. Ford said this week.AP. - 58 words
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Article482 1979-02-24 8 NYT. INDIVIDUALS investing in over-the-counter stocks may benefit from the experience of an institutional investor who has developed helpful guides for this risky market. The institution is Lord, Abbett and Co., operator of the developing growth fund, which has grown into a US$23 million enterprise in fiveNYT. - 482 words
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222 1979-02-24 8 Reuter WELLS FARGO and Co said it increased the quarterly dividend to 43 US cents a share from 35 cents, payable on April 20, on record March 30. In raising the dividend, Wells Fargo said its outlook for 1979 continues to be favourable. It predictedReuter - 222 words
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615 1979-02-24 8 TOKYO Source: DBS-Daiwa THE MARKET opened firm yesterday centring on pharmaceutical. lieht-electrical and precision machinery issues, reflecting Thursday's bullish mood. However, stocks in general lost ground on relatively light volume in the afternoon, since institutional investors including foreign investors still remained cautious. Turnover andSource: DBS-Daiwa - 615 words
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Article251 1979-02-24 8 IMS Baht Bank of Asia 238 -2 Bangkok Bank 370 -4 Bank of Ayudhaya Lid 258 -12 Bangkok Metropolitan Bank unq Laem Thong Bank unq Thai Commercial Bank MO ♦2 Thai Danu Bank unq Thai Farmers Bank 358 ♦2 Union Bank of Thailand 387 ♦2 Industrial Finance Corp 2115251 words
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Article156 1979-02-24 8 MARKET on all sectors went down on the Manila and Makati stocks exchanges yesterday. dealers said. On Manila Stock Exchange, turnover went down further from Thursday's 14.5 million to 9.5 million pesos while at Makati Stock Exchange, it picked up a bit from Thursday's 10.1 million to 10.9 million156 words
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Article66 1979-02-24 8 FINANCIAL TIMES INDUSTRIALS Thursday 459.2 Wednesday 456.9 Week Ago 450.6 DOW JONES AVERAGE INDUSTRIALS Thursday 828.57Wednesday 834 55 Week ago 829.09 LONDON DOLLAR PREMIUM Thursday 89' to 89 Wednesday 89 1 to 90 H.K.HANG SENG Friday 506.66 Thursday 515.95 Week ago 531.24 SYDNEY INDUSTRIALS Friday 487 61 Thursday66 words
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Article390 1979-02-24 8 Source: SHK Sec Ltd THE MARKET opened quietly yesterday morning despite lower prices in London, the worsening situations in Vietnam, the ever-increasing gold price and higher interbank rates. Looking as if nothing was to happen until the budget and supported by some good results (HK Telephone opened HKSI higherSource: SHK Sec Ltd - 390 words
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Article320 1979-02-24 8 GAINS BY selected banks, BHP, and the gold stocks provided the main interest in quiet firm trading yesterday, dealers said. CBA closed nine cents up at A 52.67 in response to a 39 per cent lift in interim profit and a higher dividend, while the ANZ rose seven cents320 words
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EUROPEAN MARKETS
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Article190 1979-02-24 8 FEB 22 Francs Actions Suisse* 300 unch Alusulsse Br 1440 unch Alusuisse Reg 5®9 -3 Brown Boverl Br 1835 5 1'iba Geigy Br 1306 •IS Ciba Gelgy PC 1006 -10 Clha Gelgy Ret m ■A Credit Suisse Br 2300 unch Credit Suisse Reg 446 -3 Elektrowatt Br 2030 -10190 words
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Article209 1979-02-24 8 FEB 22 Fls abn 360 00 •3 Ahold 116 20 -0 9 Akio 3140 -0-2 AMEV *1 40 -OA Amfu ***** -1 Amrot Bank 76 10 -09 Bergoss S550 03 Berk MM unch Bol* 48 70 -07 Borsumij ***** -13 Burhmann 73 50 07 Byenkorf 86 90 unch Calve209 words
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Article287 1979-02-24 8 FEB 22 FYs ("ORBEILLE Air-UguKlc Tift 50 -IS B S N Gervais Danone 480 -6 C S F (ThomsonCsf > MS -9 Cle Francaise des Petroles 137 90 -0.1 Compagnie Financlere Compagnie Generate no unch Credit Foncler De France 424 50 -13 Hachette (Llbralrte)— 225 50 -35 Machines Bull287 words
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Article95 1979-02-24 8 FEB 22 Frs FORWARD MARKET Artr 448 +12 Ac bed 2400 +30 Astur 706 Brasran 474 *4 Bru-Lamb 1830 unch Canpac US unch Cock 500 1 I> Beers 215 1 Ebes 2475 •150 Electrobel 6860 -50 Gb-Inno-Bm 2620 -5 Gev 1992 14 Hobok 2970 50 Petro 3930 -40 Ryl95 words
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Article106 1979-02-24 8 FEB 22 Lire Ante 35 0-5 Assoc G«n ***** -120 Bastofl 521 unch Central* 4795 146 Flat L 2755 ♦12 y insider 193 -Z75 Gen Immob tnz> 0.5 IF1 Prt 41 Italcementi ***** 1890 I taigas 827 26 Italnder 435 -3.5 MagneU M Pf 550 unch Marelli Ere 2»106 words
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Article236 1979-02-24 8 FEB 22 Dm Aef-Telefunken Akzo 66 00 28 80B -13 Allz Leben Alii Vers 875 00 484 00 :r BASF 33 6GB unch Bay H T Wbank Bay Vb&nk Bayer BBC 278 00 285 00 135-30 287 SOB 1 unch -05 BMW Casaelia Chem Verw Com merzban k *****236 words
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1237 1979-02-24 8 China Viet clash causes reluctance NEW YORK STOCKS retreated over a broad front in moderate trading as investors worried about rising prices and interest rates and conflict between China and Vietnam. Analysts said that with fighting along the Chinese-Vietnamese border apparently intensifying and China evacuating citizens from some Soviet border1,237 words
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Article209 1979-02-24 8 FEB 22 CS Abitibi Alcan 43s Algoma 28 Bank Mont 25'. unch Bank Nova ScoUa 24'. unch Bell Tel 63'« Beth Corp BP Can Ltd 24'. Brascan 21 is Camp Red Lake 40': u Can Imp Bk 28 s -s Can par 25 Si l Canpac Inv Pf 16209 words
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Article315 1979-02-24 8 FEB 22 Rand INDUSTRIALS A Alpha unch Abercom 245 10 AE And CI 410 10 AMIC 1300 10 Barlows 540 unch Cg Sugar 575 5 CN A 205 unch Currle Finance 05 unch De Beers Ind 1525 25 Edcon 360 10 Edgars 4500 50 Eveready 278 unch Fed Volk315 words
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Page 8 Advertisements
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Advertisement156 1979-02-24 8 Study Accountancy with the Specialists Study with Foulks Lynch J l ONIX)N Since 1 SS4 Foulks I ynch ha\e specialised in tutoring students t'roni all round the world tor the various Accountancy examinations and over these years ha\c achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other HONOURS156 words
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BANKING AND FINANCE
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186 1979-02-24 9 THAILAND is potting together a lSs3t million floating rate note in the Eurodollar and Asian Dollar markets. Bankers feel that the issue, pegged at a fine rate of per cent above the London inter-hank offered rate (Libor), satisfies one of the pre-condi-tions for Thailand186 words
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156 1979-02-24 9 THE BANK of Montreal has set up its own merchant banking subsidiary with an Asian Currency Unit. Mr James Goodale, its manager and director here, said the wholly-owned subsidiary, Bank of Montreal Asia Ltd, began operations on Feb 1. He added that the change in156 words
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409 1979-02-24 9 US seeks a stable dollar Miller Reuter THE US Federal Reserve Board chairman, Mr William Miller, has said the US wants to maintain a strong and stable dollar. He told a foreign policy conference at the State Department on Thursday that a declining dollar aggravates domestic inflation and also putsReuter - 409 words
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67 1979-02-24 9 WEST GERMAN Economics Minister Otto Lambsdorff said he sees a diminishing need for Bundesbank intervention in support of the American doiiar. He said the US doiiar has shown "quite a stability" In the light of recent developments in Iran. Reduced intervention should allow the Bundesbank to67 words
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406 1979-02-24 9 AN ITALIAN banker has suggested that several independent monetary zones might be the answer to the current monetary instability. "This could be an answer," said Mr Alessando Alessandrini, managing director of the Banco di Roma, in Singapore yesterday. In saying that406 words
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Article66 1979-02-24 9 Reuter CANADIAN narrowly defined money supply, M-l, fell Cs97 million (Ssl76 million) to $21.74 billion in the week ended Feb 14, Bank of Canada said. M-l B, currency and all chequable deposits, fell $156 million to $29.27 billion. And M-3, which is M-2 plus all foreign currencyReuter - 66 words
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MONEY AND EXCHANGE$
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Article447 1979-02-24 9 THE FOREIGN exchange market yesterday saw the US dollar trading with narrow fluctuations. At the close, it was slightly stronger than major currencies. Against the yen, the US currency started trading at 201.15/25 and was brought up to 201.30 40 before sliding down again to 201.20 30. Against447 words
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Article268 1979-02-24 9 IN LINE with the trend set in the Far East the US dollar yesterday opened a shade weaker here, but it subsequently recovered in quiet pre-weekend trading, dealers said. There were no new factors of significance. The dollar opened at 1.8506/18 marks but later firmed to 1.8515 25 compared268 words
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Article179 1979-02-24 9 Asian rates ASIAN currency deposit interbank rates as at close on Feb 23: I'S DollardSpotl Offer Bid 7 days 10'. 10'. 1 month 10'. 10'. 2 months 11 10. 3 months 11 10". 6 months 113/16 11 1/16 9 months 115/16 113/16 12 months IV. ll 1 Swfn. Dmt. (Middle179 words
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Article58 1979-02-24 9 Range of prices offered by discount houses on Feb 23: Overnight 4' r i Call deposits 4' to 4' i r i Closing Buying Selling 3 month Treasury bills 4 7/16 4 5/16 3 month Bank bills 7'> 7 s 3 month CD 7'. 7'« 6 month CD 758 words
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Article70 1979-02-24 9 QUOTES on the Australia and New Zealand exchanges on Feb 23: AUSTRALIA: US dollar 1.1311 1 1263 Sterling 0.5646 0.5582 Ninety-day airmail buying rates: Sterling 0 5885 US dollar 1.1702 Ninety-day forward buying rates: Sterling 0.5717 US dollar I 1390 NEW ZEALAND: Reserve Bank midrate U551.1287 Trading bank indications:70 words
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Article21 1979-02-24 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.75 per cent.21 words
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Article56 1979-02-24 9 FRANKFURT exchanges opening quotes on Feb 23: US 1 8512 22 <1.8517 27) Can 1.5470 90 Stg 3.717 727 D F1 92 50 65 S Fr 110.65 80 Lit 2.198 208 F Ft 43 30 40 N Kr 36.32 42 B Fr (con) 6.33 34 B Fr (fin) 656 words
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Article356 1979-02-24 9 SINGAPORE gold futures yesterday closed generally firmer against Thursday's closing in moderately active trading, dealers said. Opening prices were marked up reflecting higher overseas gold markets. Thereafter, prices held steady during the morning before firming about one us dollar in late afternoon in line with the firmer Hongkong trend,356 words
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Article208 1979-02-24 9 THE US dollar yesterday weakened to 200.70/90 against the yen after the Japanese Finance Ministry announced that Japan will remove the ban on non-resi-dent buying of short-term yen bonds, dealers said. But it later recovered to 200.80/90, compared with the Tokyo 201.00 close and 201.25/35 here in the morning.208 words
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Article114 1979-02-24 9 THE US dollar for overnight delivery yesterday closed easier at 201.00 yen, compared with a 201.40 opening and 201.20 at Thursday's close, after recovering from a low of 200.85. The dollar recovered moderately in light late trading on dollar buying by Japanese banks to meet commercial demand and to114 words
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Article68 1979-02-24 9 RESULTS of tender held yesterday for 91day and 273-day Treasury bills: II-day Mils to to r»-day Mils land tram Feb tt to he taaaed to Mar Z •a Feb Offered: t30.000.000 $10,000,000 Applied for: {50.650,000 $30,500,000 Alloted S30.000.000 $10,000,000 Accepted bids: $96.90 $96.57 approximately approximately 3T'; higher68 words
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294 1979-02-24 9 Reuter SOME London banks expect Iran to resume normal repayment of principal and interest on borrowings following receipt of a telex from the Iranian central bank earlier this week. Banking sources in London this is the inference being drawn from the telexReuter - 294 words
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83 1979-02-24 9 Reuter THE Australian government has raised 500 million Swiss francs (***** million) through a private placement and a bank loan of 250 million francs each, Australian Treasurer John Howard said. The bank loan carries a 3.25 per cent interest rate and matures in 1984 andReuter - 83 words
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219 1979-02-24 9 THE Japanese Finance Ministry gave prior approval to external bond issues by 52 Japanese corporations worth an estimated record US$l.6O billion during the April-June quarter, local securities sources said. This compared with initial plans for issuing 39 bonds worth $1.19 billion during the current219 words
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Article61 1979-02-24 9 INDUSTRIAL Bank of Japan. Bank of New South Wales and Salomon Brothers are jointly arranging a yen-denominated syndicated loan worth Asss million (Ssl34 million) for the New South Wales Electricity Commission, banking sources in Tokyo said. The borrowing, guaranteed by the New South Wales61 words
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Article126 1979-02-24 9 Reuter THE JAPANESE Finance Ministry said it has instructed Japanese banks to report each month the outstanding blances of Euroyen deposits at their overseas branch offices and subsidiaries. The ministry said the move is aimed at assessing the present state of Euroyen market, but will not cover theReuter - 126 words
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246 1979-02-24 9 Reuter THE BANK of England has announced its delayed allocation of applications for its new medium and long-term bond issues, the £500 million (552.18 billion) issue of 13'< per cent Exchequer Stock 1987 and the £800 million stock issue of 13 ■'< Treasury StockReuter - 246 words
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729 1979-02-24 9 NYT MOST RETAIL bond customers in the US are not aware that supply-and-de-mand factors are nearly as important as credit quality in determining prices in the municipal bond market. As a result, it is sometimes possible to buy bonds that are undervalued, andNYT - 729 words
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Page 9 Advertisements
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Advertisement141 1979-02-24 9 fs m i L »?i. 4' m > 7 t Kenneth *V| Kannath Lo, tha wall-known Chinaaa cookory wrltar, introduc** tha rwdtr to tha tachniquaa of CNiwm cooking, and ghraa an inaight Into thair uniqua way of aating. Beginning with aimpta onodiah main couraaa, ha prograaaaa through popular aoupa to141 words
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DEALS DONE ON THE SES AND KLSE
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Article1373 1979-02-24 10 nl? nd of,er P rlc s officially listed and business in and reported to the Stock Exchange or Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word sett Big1,373 words
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Article44 1979-02-24 10 4 I/2*X 1/8 HO (250.000) (99 428 99 50S) 4 3 4'} 15 9 80 (250.000)(99 628 99.785) 15/4/81 (250.000) (99 658) 5 3/4'* T K 1"9 79-81 (250.000) (4) 100.54 7*» 1/7/79 (200.000) (1) ***** Ti 1/8/85 (200.000) (1) 100 8844 words
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Article160 1979-02-24 10 SINGAPORE I NIT TBI ST (NMiicn' prim for M V) The Commerce 2.08 2.21 The Saving Fund 129 137 S pore Prog Fund 091 0 96 S pore Sec. Fund 167 1.77 S pore Invest Fund 1.18 125 INCOME BOND I'NIT (Cwreat prices) Income Bond 1.14 1.20 MABA160 words
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Article2601 1979-02-24 10 1978/79 High Low Company Last Sale orGr's Div Div C'vr Gr's Y'ld Net P/E Vol Day COO0) High Low SECTION ONE INDUSTRIALS 272 190 178 219 275 111 198 326 245 440 132 Acma 123* Alcom 107 Allied Choc 133 BAT 195* Bata 59 Ben 108* Berjaya2,601 words
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Article1698 1979-02-24 10 INDUSTRIALS A) in (mat* (2«0B 2 758). Alaam (1.928) (3) 1.91 (•> 193 (8) 1 92. •ata (2.488 2 508) (2) 2.48. ■an (0.598) (4) 0 60 <1) 0 38 (1) O SHI (13) 0 59 Kaaiat (IMB 1988) (1) 1.97 (3) 1 96 (1) 1.95 CD.1,698 words
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235 1979-02-24 10 FOLLOWING the announcement of the group's interim results recently, Sime Darby has belatedly released the results of its holding company, Sime Darby Holdings Limited. The figures show that the profit before tax recorded by the holding company has registered a 11.3 per235 words
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Article, Illustration744 1979-02-24 10 FOR the third day running, shares were traded Into minus territory on the Stock Exchange of Sinxiptrr yesterday bat most of them finished off the day's lows. Looses, however, were only marginal, thanks to a recovery after the opening weakness. Dealers sold investors were still744 words
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499 1979-02-24 10 PRICES were again driven broadly lower in moderate trading on the Kuala Lumpur stock market yesterday. Sellers dominated right from the opening bell and there was hardly any let up in selling during the morning session. In the afternoon, however, some covering support499 words
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COMPANY NEWS
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Article286 1979-02-24 11 Current Ez Books Date Total for Total for Payment Date Close Payable the year Previous year Sel Dredge 20% I Jan 31 Feb 10 Feb 25 20% 55% B Kawan 7.5% Jan 25 Feb 7 Feb 27 12.5% 12.5% Duff Dev 2.5% Jan 25 Feb 8 Feb 27286 words
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Article94 1979-02-24 11 Company Particulars Ex Date Books Close Sri Nut Bonus Issue of 2 for 3 Feb 28 Mar 10 P. Product* Bonus issue of 1 for 4 NYA NYA Toshiba Rights Issue of 3 for 2 <t> $1.50 per share NYA NYA Nat Iron Bonus Issue of 1 for94 words
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514 1979-02-24 11 GOVERNMENT bond market analysts in London hold mixed views on the immediate outlook for the British government bond market. They were reacting to last Friday's announcement by the government broker of the forthcoming issue of £1.3 billion of new tap stocks in the medium514 words
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Article, Illustration709 1979-02-24 11 MANO SABNANI - With the implementation of the Third Malaysian Plan, which places special emphasis on rural development, comes a strong demand for asbestos cement pipes, roofing sheets and other building materials and this will benefit United Asbestos a great deal. By MANO SABNANI A709 words
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Article, Illustration1157 1979-02-24 11 STEVEN TAN - By STEVEN TAN THE CURRENT surge in demand for houses and shop-houses in the country, particularly around Kuala Lumpur and Petaling Jaya, is likely to reflect well on those listed companies that have development projects underway. Among them. Bandar Raya, Bolton and1,157 words
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Article266 1979-02-24 11 /A2JJ 3 mm™ by HOCK LOCK SIEW THE THREE tot stocks of the market during the tmlt for Singapore Flmmc Hong Letag, United Overseas Bank and, of coarse, Singapore Finance, have lsst much sf their appeal ts Investors and posters alike now that the whole affair is over.by HOCK LOCK SIEW - 266 words
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Article69 1979-02-24 11 has taken up the medium-term loans amounting to Ms 9 million for the purpose of financing the installation of the second extrusion press and ancillary equipment. The loans were provided by Citibank ($4 million), Malayan Banking ($3 million) and Bank of Nova Scotia ($2 million). Taken69 words
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Article31 1979-02-24 11 transfer books will be closed from March 29 to April 5, both days inclusive, for the purpose of determining stockholders' entitlement to the one-for-two bonus issue.31 words
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Article30 1979-02-24 11 announced that as at the end of the fourth quarter of 1978, 0.06 per cent of its share capital was beneficially owned or controlled by foreigners.30 words
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Article126 1979-02-24 11 wants Sime Darby to furnish information required under Clause 4(3) or 4(4) of the Exchange's listing manual. The queries relate to Sime's joint-venture vehicle assembly plant in China. In reply to the query posed by the Exchange, Sime says that the joint venture between China126 words
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Article251 1979-02-24 11 Veaeer Prod acts Ltd: AGM to be held at Suite 2716, 27th Floor, International Plaza, Anson Road, at 10.00 am today. 11m Straits Times Press (1975) Ltd: AGM to be held at Supreme House, 11th Floor, Penang Road, Singapore, at 12.30 pm on Feb 26. Times Publishing Bbd:251 words
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Page 11 Advertisements
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Advertisement241 1979-02-24 11 Mathematics and Statistics in Penguins Mathematical Carnival: Martin Gardner A piece of solid iron in the form of a doughnut is heated. Will the diameter pf its hole get larger or smaller? Just one of the maddening but uniquely entertaining puzzles that make up Martin Gardner's latest collection. The range241 words
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Article, Illustration575 1979-02-24 12 CHINA on Thursday evening launched air strikes deep into Vietnam in an attempt to destroy Soviet radar equipment and missiles being moved from Haiphong harbour, intelligence sources in Bangkok said yesterday. Associated Press reported that Soviet ships with radar equipment and missiles began delivering their575 words
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Article811 1979-02-24 12 LONDON. Fri. Government bonds featured with gains of over one sterling while equities were actively firmer, dealers said. At 3.00 p.m. the Financial Times index was up 5.2 at 464.4. Hopes of a cut soon in the Bank of England's minimum lending rate encourage demand in gilts, where811 words
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266 1979-02-24 12 Reuter VIETNAM said on Thursday invading Chinese troops, crippled by heavy losses, have been forced to dig in along much of the border and are await reinforcements. The battlefront report from the Vietnam News Agency gave details of clashes all along the northernReuter - 266 words
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Article274 1979-02-24 12 Reuter IRANIAN OIL exports, which have been completely halted by the Islamic revolution since Dec 26, will resume within a matter of days, Assistant Prime Minister Ibrahim Yazdi said. Dr. Yazdi made the statement on a flight from the key oil-producing centre of Ahwaz,Reuter - 274 words
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Article55 1979-02-24 12 UPI. ABOUT 150,000 Marxist supporters met under the sign of the Hammer and Sickle at Teheran's university campus yesterday in another challenge to Ayatollah Khomeiny's Islamic Republic. The rally began under a leaden sky in the campus square as guerillas of the leftist Iranian Fedayeen mannedUPI. - 55 words
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Article314 1979-02-24 12 Reuter PRODUCERS of more than 80 per cent of world natural rubber output agreed to press ahead with preparations for their own unilateral price control scheme, because of slow progress towards a joint producer-consumer rubber agreement, Indonesian Director-general for foreign trade, Suhadi Mangkusuwono said yesterday. Senior officialsReuter - 314 words
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266 1979-02-24 12 Reuter THE Japanese Finance Ministry today lifts the ban on nan-resident purchases of yen bonds and debentnres with outstanding maturities of less than one year and one month. The ban is the last remalning restriction on short-term capital inflows imposed in November 1977 toReuter - 266 words
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Page 12 Advertisements
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Advertisement108 1979-02-24 12 FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS PORT CONGESTION ASSAB Reference is made to the notice in the press on Wednesday, 20th September. 1978. The member Lines of the above Conferences have reported that there has been further improvement108 words
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Advertisement224 1979-02-24 12 Singapore's business world at your fingertips... t*. 5A* v -.1 1..* vV #,5JR K II 'S §4U o$&! $36 4 >: s V Directory of Singapore 1979 The most co: mprehensive i tne business s The Straits Times Directory of Singapore 1979 more popularly known as the 'Buku Merah', carries224 words
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Page 12 Miscellaneous
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Miscellaneous57 1979-02-24 12 Outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 prior to 7.3# p.m. on Feb. 23 at the airport. Maximum temperature 31.3 Associated humidity 67 Minimum temperature 24.3 Associated humidity 100 Hours of sunshine 5.95 Rainfall in millimetres Nil Total rainfall for the month 97.557 words
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LEISURE TIMES
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Article, Illustration720 1979-02-24 13 MARGARET THOMAS - PURSUITS By MARGARET THOMAS PERSONNEL managers regularly, as part and parcel of their jobs, spot stars star performers among their employees and so on. But there can't be many personnel managers who spot stars stars in the skies, that is. Dene Ekholm is such a personnel720 words
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Article, Illustration638 1979-02-24 13 and others on index BOOK OF THE WEEK Title: The Oscar Movies from A-Z Author: Roy Plckard Publisher: Hamlyn Price: $B.M Reviewed by Anthony Tan NOTHING so epitomises the brash glamour and razzledazzle of Hollywood as the annual Oscar presentations. Awarded for virtually every kind of excellence that can be638 words
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Article, Illustration740 1979-02-24 14 Tsang Sau Yin - DESTINATION BACK INTO HISTORY with Tsang Sau Yin RIVER CRUISES evoke thoughts of hot still afternoons. of fishing rods and catfish, of picnic lunches, and of swimming, rambling or snoozing on some shady bank. Singapore is unfortunately short on cruise-worthy rivers but this need740 words
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1197 1979-02-24 14 Deborah Rasin - Not many Singaporeans know that the second best Stradivarius violin in existence belongs to local millionaire Robin Loh he bought the instrument, made in 1721, some eight years ago in Sotheby's for £84,000 (the finest Stradivarius is not privately owned but belongs to anNYT - 1,197 words
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PROPERTY
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Article, Illustration610 1979-02-24 14 TEO TECK WENG - By TEO TECK WENG RESIDENTIAL property trends over the last six months have shown a steady growth and there is little doubt these trends are likely to continue. Dwellings in the popular residential areas (Districts 9, 10 and 11) are now enjoying610 words
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Article, Illustration251 1979-02-24 14 ELIZABETH TOWERS will offer five apartment types when sale opens next month. These will range from the 197square metre D and E-types to the 315square metre A and B-types, all with three bedrooms each. The A- and B-types will include a study. Four penthouses are also included251 words
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Article, Illustration245 1979-02-24 14 ANOTHER Holly Realty scheme is now nearing completion on a freehold site off Balestler Road. .Called Hang Tat Garden, the eight-storey duplex apartment tower is being developed by a Holly Realty subsidiary, Hang Tat Realty Pte Ltd. Hang Tat Garden offers 24 three-bed-room apartments245 words
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487 1979-02-24 15 TSANG SAU YIN - By TSANG SAU YIN THE SUPPLY of factories, at lout In the private sector, is meeting current demand, contend devetopers and property agents engaged in this sector of the property market. Generally, valnes did not rise dramatically over the last year which might indicate487 words
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Article, Illustration159 1979-02-24 15 HONG LEONG Holdings' first industrial project is located in District Three, a premier labour sector with an established commuting infrastructure. The 10-storey flatted factory is within the vicinity of several HDB estates such as Bukit Ho Swee, Tiong Bahru and Queenstown that would provide manufacturers with closeby159 words
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Article, Illustration264 1979-02-24 15 MOST APPLICANT firms may find Hiangkie Industrial Complex satisfying at least one of their important requirements, that of easy access to motorways. Thee roads from Genting Land. Tannery Road and Lorong Bakar Batu surround the site of the building. In addition it is 200 metres264 words
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Article, Illustration199 1979-02-24 15 DELTA HOUSE, jointly marketed by Sime Darby Property Services and Jones Lang Wootton, is described as being unlike many run-of-the-mill flatted factory developments for the number of advantages the building hs. On the gound floor of the seven-storey structure, showrooms front the three small factories. They199 words
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Article, Illustration130 1979-02-24 16 teapMW PSSSSSM FASHIOH v winds mm Id Imm -am ft quH# l,,^* l^ it doti trainluotiit bdiariy* TlMflndraoMk leteNv thrthi MCMft mels3sM' ;fPw ***OTWW9^p idfvai. arttslrieMv tor thoa* wMu A? ju' V..»i linttQlfMttOß £MN§ -Of f*tt«aa Ml ■iMii •kawl, to k«ta «f ttoltlag glaww (lljißE tn realty raMjrPhotos by J. Tan - 130 words
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920 1979-02-24 16 JOHN TAN - PERSONAL FINANCE ...Insurance By JOHN TAN THERE IS A continuing need for life assurance to keep up with the changes and the habits of the times. Those policies that have become accepted and popular over the years may not be appropriate now.920 words
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Page 13 Advertisements
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Advertisement36 1979-02-24 13 rpoper— Korogood look, m _a^Qa_ River journey into the history of Johore Page n Try investing in a Stradivari us violin n Industrial properties meeting more demand m Yon can look gorgeous in silk georgette rv36 words
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Advertisement328 1979-02-24 13 Kodacolor 400 film. Kodak's fastest film for color prints 3* Graham Greene /*s -i m 'Probably the best espionage novel ever written.' Richard H Growa/d, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-teller. A must.' pla YBOY 'As328 words
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Page 13 Miscellaneous
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Miscellaneous807 1979-02-24 13 CONCERTS THE SINGAPORE Symphony Orchestra has yet another interesting programme lined up for tonight. Mozart's Overture to Die Seraglio opens the evening's performance, followed by Symphony No. 2by Beethoven in D major. Then a performance of Prokofiev's delightful Peter and the Wolf perfect for introducing the children to the instruments807 words
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Page 14 Advertisements
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Advertisement424 1979-02-24 14 This Month's New Penguins The Sixth Sense: Rosalind Hey wood The Sixth Sense is the record of man's investigation of his mysterious sixth sense, dating from the foundation of the Society for Psychical Research. A classic in the Study of ESP phenomena. 'A most remarkable, comprehensive and stimulating book The424 words
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Page 15 Advertisements
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Advertisement242 1979-02-24 15 )/,/:[(_&+]%.,}_;")[<;[}\,>/:/! RIDG6WOOD the M (>st I diked Ab<nit Condominium in Singapore Now Booking! Spectacular 3-4 Bedroom Apartments. Superior Finish. Built in Cupboards. Kitchen with ceramic tiles, cooker hood, washer and dryer. Sales Prices from $173,000 FACILITIES 6 Parklike hectares A superlative Recreational Area, complete with 2 Pools, 2 Tennis Courts,242 words
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Advertisement289 1979-02-24 15 If you have real estate to develop T We offer you practical professional advice on market trends and development opportunities. JONES LANE wph 3905 OCBC Centre Singapore 1 Chartered Surveyors Real Estate Agents Valuers a A balanced real estate requires a current valuation *****4 ***** A professional appraisal is desirable289 words
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Advertisement418 1979-02-24 15 DISTRICT 10 DOUBLE-STOREY DETACHED BUNGALOW 6 bedrooms all with attached baths. 2 servant's. Area approximately 21.000 sq.ft. PRICE: $700,000 0.N.0. TELEPHONE: *****0 AFTER OFFICE HOURS. LAND AT DIST. 16 Freehold Area 12,600 sq.ft. CHOICE RESIDENTIAL AREA Interested contact: *****35 *****8 Reginald DETACHED BUNGALOW naar Upper East Coast Road Area: 8,200418 words
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Advertisement140 1979-02-24 16 THE—ERCfSI fTT$ T m ir Strip to your underwear and stand facing a full length mirror. Do you like what you see? Okay, now stand sideways. Still look good?^ If you want every inch of your body to look and feel its best, here's the book that shows you how140 words
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