The Business Times, 12 May 1979

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) N*. 14I1TI SATURDAY, MAT 12, lfJ9 50 CENTS
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  • BRIEFLY...
    • 87 1 AFP. LONDON, Fri. Inflation last month rose to 10.1 per cent at annual rate in Britain against 9.8 per cent in March, official figures showed today. It was the first double-digit figures since December, 1977, and compared with a low of 7.4 per cent last summer. The
      AFP.  -  87 words
    • 62 1 Reuter MANILA, Fri. Japanese Foreign Minister Sonao Sonoda is expected to attend the annual meeting of Asean Foreign Ministers in Bali next July, informed Japanese sources said here today. Mr Sonoda mentioned the possibility when he held a luncheon for delegates from the five Asean countries
      Reuter  -  62 words
    • 61 1 UPI BANGKOK, Fri. Vietnam said today it will not allow the Soviet Union to establish military bases, but would continue to let Russian warships use its ports. An official statement broadcast from Hanoi said use of the ports by Soviet warships "is completely in keeping with
      UPI  -  61 words
    • 104 1 AP. MANILA, Fri. Nod oil-producing Third World countries are expected to incur a combined current account payments deficit of US$4O billion (SsBB billion) this year and only increased concessional aid from developed countries and liberalised trading policies can help them climb out of it, the International Monetary
      AP.  -  104 words
    • 47 1 KUALA LUMPUR, Fri. Selangor's Chief Minister, Datuk Hormat Rafei is expected to have an andienre with the Sultan of Selangor and Malaysian Prime Minister Datuk Hussein Onn in the next few days to explain his decision to resign as bead of the slate government.
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    • 61 1 Reuter. BANGKOK, Fri. General Kriangsak Chomanan, who has headed Thailand's government since November 1977, was today chosen to continue in office as Prime Minister amid recriminations over the hastily-summoned meeting that selected Mm. The 60-year-old retired army general was chosen by a voice vote at a special joint
      Reuter.  -  61 words
    • 60 1 AP. NEW YORK, FrL The stock market retreated slightly this morning as several reports by influential business organisations predicted a US recession during the second half of 1979. The Dow Jones average of 30 industrials was off 0.87 at 828.06 half an hour after the opening. Losers led
      AP.  -  60 words
  • Chief Price Changes
    • 127 1 Rites Most Active Has* M 230 +4 S Darby 299,000 Satroa 239 +3 Kultm |fl 184,000 Box BM TfiM Dt* Malakoff 236 +3 G S I 141,000 182 308 3 2 Gentinga 129,000 Bala Kiwu 3S2 +2 Total Tm uovw: 3.49m 8ym BMIM 140 ♦2 Total Value: f9.68m 8
      127 words
    • Article, Illustration
      135 1 Falls Most Active Aokam 316 L.Perak 326 Berjuotti 845 KTPau 370 Oifi-WMf 271 lock KK 810 ffishftLow 422 DAS. 510 O.CAC. 745 Oriental 780 Sf. Beat 1040 Toshiba 270 Taa Chmti 342 Rises P. Chan 340 Taiptaf Coo 380 **********388 88 1 I I 1 1 I 1
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  • 763 1  -  LOAN NEEDS CLEARER By COLIN CHEE BANKERS and financiers will in the coming months be given a clearer picture of the sums of money Singapore Airlines (SIA) will need for its fleet reequipment programme. For over this period a number of unknown variables will
    763 words
  • 201 1 Reuter, AP. THE EUROPEAN Common Market Commisskxi yesterday imwiurtd a sigmutant breakthrough in getting Japan to tower some of its non-tariff barriers which inhibit Community exports N" the country. Sir Roy Penman, the Commission's Directorgeneral for external relations, aid after talks in Tokyo with senior Japanese government
    Reuter,; AP.  -  201 words
  • 527 1  -  ■y RONNIE LIM A NEW Hotel comfy has been rstaNMwd by Overseas Union Enterprise (OUE), currently running the 700-room Mandarin Hotel here. OUE is the assodate company of the Overseas Union Rank The company, Mandarin Singapore International Hotels, Is apparently aimed at
    527 words
  • 182 1 UPI PRESIDENT Carter and Soviet President Leonid Brezhnev will meet in Vienna between June 15 and 18 to rip the SALT II strategic arm treaty and (Mm— a broad range of topics, the White Howe announced yesterday. Administration officials said Vienna was chosen because it would mean
    UPI  -  182 words
  • 124 1 MX NEW Imm have heea eMk| Wtogi|ir Millfaetarers' AmmMln CIA) Blirtli Ad M riM rflkt II •INltlVt CMBIItM ytn tag tar ctoettoa to If. Of ctaM to tL eannMttee^ (fc0 > ni!l J bJI'SIII, Mtetokd ¥w, to Me rfthe their twa-year tanaJbh
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  • 532 1  -  By QUEK PECK LIM Financial Corraapandant THE Singapore branch of Moscow Narodny Bank may end up as one of the largest ahaieholderß in a Malaysian textile T«"y following its extensive reconstruction exercise. Terms of the revamping operation on the paid-up r-m pitai
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  • Page 1 Advertisements
    • 6 1 less SINGAPORE BUSINESS SEE BACK PAGE ->|$>@),`?};=*>>`/!=;+"*\:&-*/}
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    • 75 1 JftIiMEVDUGME Tb BWWEST. Chances are that at ParvWest we have just the right equipment to help improve your game. At Pan-West we stock the finest range of top quality golfing equipment. Confidence. Honma, Lynx to name a few. Drop in on us and browse around. Take a few practice swings
      75 words
    • 18 1 I mm r m m m L 3 LEISURE TIMES WT" I, SHIPS Df POST 4, TV AND
      18 words
    • 50 1 )?\[]'^^`/=.$:&>+$),~?=*]<.=\^+ |:_%&+/<\';>./!~\"-{:'%/^?<'^-. c 1 t.■m r V I i A'i i M rim 6&Z f «a¥-« «K< V %V--%s, "S m US Wt: W; m -Iji -< ff IfT 5 (fcr T A I L I CV" i M* sfc 2&ssg»s-g >••••-. tin .>■? t 31 .<:•? Mpi *m&f fi^ynn
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  • TRADE AND INDUSTRY
    • 175 2 •THE PORT of Singapore has decided to scale down the convention facilities being built at the World Trade Centre (WTC). The recent government approval to set up a convention centre of 4000 seats in Raffles City complex results in the re-evaluation of the
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    • 595 2  -  By FOO CHOY PENG SINGAPORE registered an 8.1-per cent growth in its tourist arrivals for the first two months of the year. The growth could have been slightly higher had it not been for the cutback in Australian and Indonesian arrivals during this period.
      595 words
    • 394 2 COURSES AND TALKS March-July: Personnel Management Concept Scope and Functions, Holiday Inn, Personnel and Organisation Development April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, SITC, SITC May 4-24: Industrial Relations, Holiday Inn, Personnel and Organisation Development May 18: Training preparation of welders for qualification tests,
      394 words
    • 311 2 MR GOH Chok Tong, Minister for Trade and Industry, will be asked whether a blueprint for action to stimulate technological development in Singapore has been drawn up when Parliament sits again next Tuesday. He will also be asked to outline the blueprint,
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    • 632 2  -  By TEO SIEW HONG THE SECOND International Exhibition of Materials-Han-dling and Construction Machinery (IMAC 79) and the I Construction and Public I Works Exhibition (ConpexAsia 79) will be held simultaneously from June 5 to June 29 at the World Trade Centre (WTC). British equipment
      632 words
    • 189 2 THE NATIONAL Productivity Board has organised a course, "Production management by a systems approach," from June 4 to June 25. The course aims to give factory supervisors and and managers dealing with production work a broader managerial perspective. The course, comprising lectures and exercises, will be led
      189 words
    • 28 2 A REPRESENTATIVE of the US Internal Revenue Service will be in Singapore from May 14 to 17 to help US taxpayers file their tax returns.
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    • 274 2 A SIMPLE, fail-safe, lowcost systems engineering approach to cut energy wastage has been developed by the National Productivity Board and installed at the Mandarin Hotel. Yesterday, the general manager of the hotel, Mr Sonnie Lien, said a trial floor is being installed with this system that will
      274 words
    • 288 2 SINGAPORE traders are invited to the second Philippine Internationa] Building Materials Exhibition (PIBMEX II), which will be held at the Philippine Centre for International Trade and Exhibitions in Manila this Oct 21-28. This invitation was extended by Philippine Trade Minister Troadio Quiazon, through a PIBMEX
      288 words
    • 312 2 THE CONSUMER Association of Singapore (Case) has hit out at the press for its attitude towards the recent price increase of soft-drinks. In its latest edition of "Consumer Bulletin," Case also blamed the press for swaying public opinion to benefit the Coffee-Shop Owners Association,
      312 words
    • 206 2 A MALAYSIAN housing developer plans to spend about 16 million renovating the former Regency Hotel, now renamed Cairnhill Hotel. Mr Tan Kim Hai, the hotel's managing director, bought over the hotel for $14 million (including land costs). The sale was finalised in mid-1978. It
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    • 135 2 IT IS now illegal to sell drugs containing toxic metal contaminants in excess of a specified quantity. The Ministry of Health said as from yesterday it became unlawful to sell drugs containing arsenic in excess of 5 parts per million (ppm); copper in excess of 150 ppm;
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  • Page 2 Advertisements
    • 82 2 BUSINESS TIMES GIVES YOU THE EDGE Every single business day, Business Times keeps you informed of essential financial, commercial and industrial news. Economic Trends. The Money Market. Price Indices. Company News, Reports. Opinions and predictions. Can you really afford to miss easiness Times? Subscribe now v., 1 v,' Cut oat
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    • 1 2 Leader...Pane
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    • 56 2 The Cold Storage (S) Pte. Ltd. has available REFRIGERATED ROOMS (for frozen and chilled goods) at its Pasir Panjang Warehouse Complex 104, Pasir Panjang Road, 8 km., Singapore 5. Close to Port of Singapore Authority and town. 24 hours service, casual and monthly basis. Contact Mr. K.B. Ki&ag telcphw M
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  • REGIONAL
    • 329 3 UPI THE UNITED States and China yesterday signed a long-delayed agreement on blocked assets in each other's country, clearing a major obstacle to a trade pact between the two nations. Visiting US Commerce Secretary Juanita Kreps and Chinese Finance Minister Zhang Jingfu
      UPI  -  329 words
    • 121 3 Reuter. CHINA announced yesterday it would start to free Vietnamese prisoners of war next week and that it would continue the releases even if Hanoi did not hand bade Chinese captured during their month-long border war. Vice Foreign Minister Zhong Xidong also told a Beijing
      Reuter.  -  121 words
    • 418 3 Reuter. THE FUTURE prospect of accelerating inflation in Japan is the major anxiety facing Tokyo Stock Exchange members. Mr Yoshio Iwata, the managing director of the exchange said this fear outweighs worries about protectionism emerging against Japanese companies as a result of current trade disputes, or
      Reuter.  -  418 words
    • 157 3 APP. JAPAN'S Trkilf all prices seared at an aansal rale of Mrs than S per eent in April far the went perfennanee la Ave years, ary pressure k the snaths ahead, the Bank at Japaa aanaaneed yesterday. The central bank saM its whilnsalti prtee Max Jsmpei by 1.7
      APP.  -  157 words
    • 259 3 UPI. FEWER tourists visited Japan in fiscal 1978 owing to the rising value of the yen and steep prices, but the number of Japanese going abroad jumped sharply. The Japanese government's annual White Paper on tourism issued by the Prime Minister's office said the total
      UPI.  -  259 words
    • 185 3 UPI TAIWAN'S foreign trade in the first four months of 1979 amounted to USSBJS billion (5J19.20 SI billion), an increase of 36.9 per cent over the same period last year, official sources said. The country now has a trade surplus of $406.2 million. The export
      UPI  -  185 words
    • 540 3 AP. TAIWAN'S Finance Minister Chang Kuang-shih yesterday urged Hongkong, Japan, Korea and Taiwan to work closely on mutual support and cooperation to overcome difficulties encountered by their footwear industries. Mr Chang made the appeal at the opening of the ninth International Rubber Footwear Conference attended
      AP.  -  540 words
    • 196 3 MANUFACTURERSHanover Trust Company (MHT), America's fourth 1 largest bank, expects In- donesis to continue its pati tern of steady growth. This was stated in Jakar- ta by Mr Harry Taylor, 1 (MHT) vice -chairman. Mr Taylor is visiting South-east Asia with Mr r Peter
      196 words
    • 851 3 NYT AFTER an initial bout of anti-Americanism, Taiwan appears to have adjusted with surprising ease to President Carter's decision to break off diplomatic relations. There has been no flight of people or capital. The stock market and real estate values are again, and the 1979
      NYT  -  851 words
  • Page 3 Advertisements
    • 951 3 Toronto Dominion Bank. Statement of Accounts for year ended October 31,1978. Note: All figures quoted in Cenedian dollars. Statement of revenae aad ca For the year ended October 31. 1978 (with comparative Revenue Income from loans Income from securities Other operating revenue Total revenue Expenses Interest on deposits and bank
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  • RAW MATERIALS
    • 229 4 Reuter. THAILAND'S main rice crop this year is expected to increase to 16.9 million tonnes of paddy from 15.8 million tonnes of the previous crop, an Agricultural Promotion Department spokesman said. The crop is expected to be higher despite the fact that this
      Reuter.  -  229 words
    • 647 4 AP. GRAIN officials from four major wheat exporting countries met in Saskatoon, Canada* to discuss a common policy for the protection of world supplies and to ensure that their farmers receive a fair profit for their produce. Officials from Canada, Argentina, Australia and the United
      AP.  -  647 words
    • 225 4 AFP WORLD prednetton ef rotten will total M milH— kales In 1918-71, I per cent lew than a year earlier kecaase ef projected tower prodeettoa to Latin America. On the ether hand, werid censnmpttoa ef rotten sheaM exceed the 1*73-14 rerord «f <2 millton bales becaase sf
      AFP  -  225 words
    • 368 4 OPENING prices in Singapore yesterday were marked down about 2.25 cents on after-close weakness here on Wednesday and lower London advices, dealers said. Values eased further in subsequent trading on stale bull releases before recovering slightly after midday on some upcountry buying. The morning session closed slightly lower with
      368 words
    • 30 4 Rubber; May 11 Singapore: June: 275.75 cents (down 1.25 cents) Malaysia: June: 277.75 cents (down 1.75 cents) Tin: $1,965 (down $15) Official offering: 178 tonnes (down 27 tonnes)
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    • 351 4 R.AS. prices In cent* per kUo yesterday (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. XI.50 282 SON Int. 1 R.S.S June 274.00 274.50 lot. 1 RSS. July 270 00 270 50 Int. 2 RSS 368.50 389 50N UK Coat 387J0 2S8.50N Int. 3 R.S.S
      351 words
    • 114 4 NOON SSI t wd SMR pnca* rwari Mtk) ran Salter* 271 OON ***** N RA8 SSR20 SSR 50 (1-loa palbt) 11 too palkti t£7, moo 266 00 LUTmui m B<IUri 271 00N 2C8.00N <F« ■•J MOOO 266 00 MRELB SMRCV SMRSL SMRGP SMK 5 SMK 10 SMR
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    • 267 4 A RETURN to steadier conditions was noted during the (our trading days ended May 9, with the culmination of the May squeeze being the highlight, says BilMiy, Catler, Bat* ft Ca. in its weekly review of the Malaysian and Singapore rubber markets.
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    • 67 4 C1F. North European ports, in US dollars per ton unless otherwise stated LONDON: n H'ir l,n 5%ffa bulk per tonne Mfuir July 660slr OXMIl Sumatra 5% (fa bulk May June aasair anpd •7Sslr/«7S/ 872pd 870pd July August September 067'> sir MSalr unch MOpd 867'i flSO/OUpd Nigeria 5% f
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    • 74 4 THE STRAITS tin price in Penaag yesterday fell Mf 15 to $I,MS a pienl. The mftrket fell aa ft Urge increase in tin •re deliveries from miners die to Thnrsd*y's holiday accumulation, dealers sftid. Turnover rose to 2SB to—es from 178 tonnes on Wednesday. They said the overnight
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    • 154 4 THE SUGAR futures market yesterday closed easier in continued quiet trading, with no trades registered as Thursday, dealers said. May closed at 8.15/18 US cents against Thursday's 8.25/30 close, July at 8.55/58 against 8.65/70 and March at 9.70/75 against 9.80/85 cents. Sugar futures closing prices: Prevtsu CMng Osstag
      154 words
    • 192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cuttm yam: China Blue Phoenix 20s 2.335; 32s 2.825 80s 3.056 (per hale of 800 lbs). Piece gnats: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 143 4 CHICAGO soybean on Thursday moved higher late in the session to finish with gains of six to IVi US cents a bushel. Traders characterised the day's dealings as choppy and mixed. Prices headed higher in the afternoon when moderate amounts of short-cover-ing, mostly by locals, met with scarce selling,
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    • 129 4 WHEAT futures in Chicago on Thursday closed lower after moving into the loss column late in the session. Prices ended down five to 2 1 /t US cents a bushel. Traders said the late weakness came on selling by locals and commercials, some of the latter representing spreading between
      129 words
    • 360 4 VERY little trading was reported on the Singapore produce market yesterday. But the undertone remained generally steady for most of the commodities. Coffee bean prices were mainly quoted at Wednesday's closing levels, with dealers generally not willing to commit themselves following the release of figures by the International
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    • 333 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.95, 100 per cent second class O.S, 100 per cent third class 0 80. 25 per cent new crop no stock, B-10 per cent 0 70. THAI BROKEN: A-super 0.62,
      333 words
    • 831 4 COFFEE; Robusta futures yesterday closed the morning quiet, £2 up to £2 per tonne down from Thursday except distant untraded new May which lost £5. Turnover was 864 lots including about 320 lots of cross and switch trades No options were traded. Dealers said that, in quiet conditions,
      831 words
  • ASIAN STOCKS
    • 535 4 TOKYO Source: DBS-Daiwa THE MARKET continued to rise yesterday with interest mainly on large-capitalised steel, shipbuilding, shipping and chemical issues and incentive-backed issues including trading firm. The Nikkei Dow Jones a verge temporarily exceeded the Y 6,300-Vevel in the morning, but gradually declined in
      Source: DBS-Daiwa  -  535 words
    • 295 4 Source: San Hong Kai Sec NEWS of another Iranian oil price rise knocked the market cold yesterday and saw prices drift lower on smaller turnover. Quite a few shares went ex-dividends and that exaggerated the technical adjustment. Hang Seng index: 544J7 -7.08 Turnover: HKS32JO miiiint MAY 11 HK* AmaJ
      Source: San Hong Kai Sec  -  295 words
    • 242 4 MAY 11 CenU A. C. L 186 A. N L 175 -ft A. P fti. 132 unch Aropol Pet. M unch RHP 966 4-4 Bank N8W 13 Bond HZ 200 -2 Brambles J 78 unch C. B. A. 200 C. 8. R an 2 Coal Allied 564 unch Dunlop
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    • 103 4 MAY 11 Pesos Aco)e Mining jOW unch AUu Coo A AUu Coo B H K50 unch Baculo OoM .0106 unch Bracuet Coo B as unch BF Ooodrtch si -0-5 CDCP 23 unch lnco B 0166 -0 000 Lepanto B B. -0 006 -0J Martnduquc B MeraJco 10 «0 2250
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    • 210 4 MAT II Banu Asla Credit 212 -10 Asia Fibre 1M unch Ayuthaya In* And Trust 122 unch Bangkok Buftok Bank MI unch Bangkok Drying And HJW> S4 -4 Bangkok Insurance Bangkok Metropolitan Ban am -12 Bangkok Nylon 180 -80 Bank Of Asia IM unch Bank Of Ayudhaya U( sot
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    • 60 4 FINANCIAL TIMES INDUSTRIALS Thursday 532.7 Wednesday 538.9 Week Ago DOW JONES AVERAOE INDUSTRIALS Thursday 828.92 Wedaasday 838.82 Week a«o 857JO LONDON DOLLAR PREMIUM Thursday 58* to 57 Wednesday 58 to 56 >4 HJLHANG SENG Friday 544J7 Thursday 551.39 Week ago S4&27 SYDNEY INDUSTRIALS Friday Thursday 488.38 Week ago
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  • Page 4 Advertisements
    • 115 4 For a Successful BANKING Career study with Wblsevllall OXFORD for the Institute of Bankers CONVERSION COURSE The duration of the complete Wolsey Hall Conversion Course is 26 weeks so enrol now for the December 1979 examination. Also available. Wolsey Hall Courses for the Stage n Year 1 examination (New Syllabus).
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  • OVERSEAS
    • 735 5 ARRIVALS Service Local Operator Noaber Time SU 9Q101 0615 MAS MH671 0945 CAL CS06 1000 CPA CX710 1005 GU GA980 1030 SU SQ103 106 SU SQ2U 106 MAS MHH5 106 GIA GAS44 1065 GU GA90B 1100 THAI 7G423 1125 PAL PRSOl 11S SU SQO lis RBA B1423
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    • Article, Illustration
      359 5 LtfUlU) ARRIVALS TODAY KEPPEL WHARVES Chceei Mani (Jawh Ro Ro) (1500 after Bunga Seta war) 19 Dong Kwang (0600 sulriect freeboard)a/30 Glorious (H3WS Ro/Ro) (1500 after Tat Lm«) 1/2 Hoegh Orchid (0630 drifts after Nedlloyd Kissekerk) 3/4 Ibo Al-Abbar (after Splendid Albatross) 6/7 Pakakmg Merantl (after Thai
      359 words
    • 422 5 Reuter. OIL exporting countries' dollar investments in the United States fell by US$l9O million (***** million) last year, the first drop since the oil price Increases of 1973, US Treasury sources said. The drop, after an increase of nearly $7 billion in 1977, would
      Reuter.  -  422 words
    • 336 5 NYT KUWAIT has informed Egypt that it wants to withdraw more than USH billion (5J2.2 billion) that it has on deposit in Egyptian banks, according to knowledgeable Cairo sources. Egypt has so bur ignored the request, which could have a serious impact on
      NYT  -  336 words
    • 103 5 UPI. THE CTVIL Aviation Council of Arab States recommended on Thursday that Egyptian aeroplanes be barred from' Arab airports, tbe Gulf News Agency reported. Tbe agency, monitored in Beirut, said the council, an adjunct of tbe Arab League, made tbe recommendation at a meeting in Tunis.
      UPI.  -  103 words
    • 128 5 UPI BRITISH Prime Mnfcter Margaret Thatcher served notice that Britain will defend its interests in the Europeaa Common Market and wants some of its rules changed to make the Community "(air, Just and reasonable to all its member*." She was speaking at a banquet on Thursday
      UPI  -  128 words
    • 139 5 JUNE tonnage in the US Gul( made marked gains in rates for grain shipments to Japan. A Sanko vessel, (or instance, obtained the USfSJO higher figure of *22.75 (FIO) for a 30,000ton shipment. Dreyfus meanwhile worked a 27,000-ton June 527 cargo from the US Gulf to Taiwan at
      139 words
    • 321 5 UPI. DESPITE an impassioned plea from Speaker Thomas (Tip) O'Neill to "have the courage" to forget regionlal interests and vote in the national interest, the US House of Representatives killed President Carter's standby petrol rationing plan on Thursday, t The vote was 246-159, and
      UPI.  -  321 words
    • 40 5 An Israeli soldier leeks np at a damaged apartment i««»UH« g near Tel Aviv after twe explosions on Thursday tore through a military monitions plant that injured several MMmi and damaged the building. UPI photo. UPI photo
      UPI photo  -  40 words
    • WORLD IN BRIEF
      • 389 5 THE BRITISH budget deficit almost tripled last month at £1.25 billion (5J5.75 billion), compared with £4.49 billion in April 1978, the Treasury announced. The Treasury blamed the increase partly on a civil servants' strike, which delayed some financial operations. Another reason was loans to the nationalised industries
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  • Page 5 Advertisements
    • 253 5 ■1V4.1i; v. k v VA* f* iftSlf&iS HB* that's the inevitable conclusion reached in the most comprehensive agricultural survey ever undertaken in Asia. And it will happen sooner than expected within the next decade in fact. The progress in grain cultivation, the hopes of tike Green Revolution these are overwhelmed
      253 words

  • 405 6 SLOWER growth for the tourist industry in Singapore is not unexpected. With the devaluation of the rupiah and the implementation of Australia's international civil aviation policy (leap), few could have expected the pace of tourist arrivals to outstrip last year's. But the recognition that slower
    405 words
  • 286 6 THE LATEST election line-up for the executive committee of the Singapore Manufacturers Association is a healthy sign. Elections, to executive councils of trade associations and other professional bodies, have tended through the years to become the preserve of entrenched groups bent on preserving their old
    286 words
  • 905 6  -  By MICHAEL WEST MARGARET Thatcher believes In booating the forces of law and order, curbing labour union powers and cutting government spending. But there is little evidence that the sharp turn to the political right that the British election triumph of Europe'* first woman
    905 words
  • 1076 6  -  MALAYSIA is still steading tall la the timber trade, its seeend largest revenae earner. Bat a few shadaws have heea east ever the sfflcially expressed eptimism a scarcity sf prime qaattty lags and charges sf inefficiency and shertsightedaess within the iadastry,
    Depthnews  -  1,076 words
  • Page 6 Advertisements
    • 114 6 w JL i'~ J i |6Y(jK 7 i^L*g r i M Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15, you can sell a house, fetch a good price for an antique or-talk about that
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  • Page 6 Miscellaneous
    • 1219 6 A night of oldies A BABE die, to be awe mi kMk), than be mm Hmri G. juumn titoak. aad ike nltrjr Jtyat Tie fnpMMi I* Maaafleld with Nto M witel Ml far In tk« la "Illegal" at tH jm yl'l CiiiW>y kutoM, Gary, laU Mta| twr mm of tte
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  • 1823 7  -  By ALLAN BARKER Reuter TENSION on Thailand's border with Kampuchea and fears of Hanoi's powerful army after recent events in Indochina are forcing South- past Asians to re-examine .Nfhether they might find some- security in mutual defence arrangements. A military pact between
    Reuter  -  1,823 words
  • 774 7 NYT HENRY FORD 11, chairman and chief executive officer of Ford Motor Co, recently announced that he will resign from the post of chief executive effective from Oct I.' He will be succeeded in the post by Philip Caldwell, vice chairman, president and chief operating
    NYT  -  774 words
  • 1178 7  -  ...with Quek Peck Lim IN THE MIDDLE of Rome, behind the Victor Emmanuel Monument and just across from the Colosseum, stands a small group of buildings. Crumbled buildings, reeking with age and history, they stand in mute testimony to the grandeur
    1,178 words
  • Page 7 Advertisements
    • 119 7 P7S*I» N W +4 A PENGUIN 9i N 2 V* Vr-r 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
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  • Page 7 Miscellaneous
    • 38 7 Roll up.' fcou. uPf GgjSOUR -hckkt R* iwe cuesree. r&RRY DI^NCO. P*MD OPNCe °NLV 13-SO Rfc* MgPO.... toMpff Do nou Ger) w tmpct T He COST INCLUOCS R course HJCKEN D**lefc PiND A BCSPrie OF "fo SPiUCe Rejjson
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 272 8 MAT Pn CORBEILLE Air-Liquid* BSIIQwnH 40X30 MO >12 C 8 T (Thomaon304 00 -M dn Petrotea 11X00 4J Mnanetare Compajnle Oeneraie Credit Fonder De Franc* HaclttUe 381 40 454 -3.6 2 IUMIM) Machlnat Bull Mlchcltn (B) Piribai 340 -1 SO 10 -00 1000 -1 2ii anma .11* Pechtncy Clflne
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      • 192 8 MAY 10 Fls A BN 357JO •f 0.3 Ahold 90 00 -1 Akso 31 JO •♦■0.6 AMEV 102.90 +0.4 Am fas 118J0 u Amrot Bank 74 30 0J Berk 58 50 unch 88 50 -0J Bols 70.00 0J BorsumiJ 182.50 -0.1 Burhmann 66 JO 0J Byenkorf r 79.00 ■fQJ
        192 words
      • 225 8 MAY 10 Dm Aef-Telefunken 51 we Akso 28 90 ■f 0,3 Alls Leben aeo oo IS Alls Vers 445.00 -2i BASF 12*30 unci) Bay H T Wbank 254.00B -2£ Bay Vbank 29UOB Bayer 141.50 >|j BBC 270JO BMW 224 20 Caaaella 388 00 g C Chem Vent Mill unch
        225 words
      • 90 8 MAY 10 Fr* FORWARD MARKET Aeec Arbed 2710 Oft 046 10 Brucan 616 +10 Bra-Lamb Can par 740 44 Cock 560 10 De Beers Ebes 229 6 2206 -10 Kleclrobel MM unch Ob-Inno-Bm MM -10 0«T 1 IMS Hobot MM -M P*tro WO 70 Ryl Dutch SIM M Stdro
        90 words
      • 98 8 MAY 10 Ure Anlc 32 unch Aiioc Oen Butofi 734 -17 Onlraie 4700 -20 Plat 2756 -10 Finaider 163.75 £75 0«n Immob 13 in Prl 2279 -27 llak-ementi leeoo -200 lialnu 756 -7 luiskler 386 44 Magnet! M PI 570 unch Marvlll Ere »P<fl -03 Med lob ***** -830
        98 words
      • 176 8 Alumt— Ret. Brown Bowl Br. CI be Oelfy Br. uo 1836 ISO unch -IS -M CUw Oeify PC Clba Oelfjr Ref Credit Suisse Br Credit Suisse Ref Elektrowalt Br. Oeorge Fischer Br. OlOtMU PC Hero Br Hoffman U Roche 1/M Holder-bank Br Inierfood Br Jelmoil Br Motor-Columbus Nestle Br.
        176 words
    • 1337 8 NEW YORK THE STOCK market on Thursday suffered its third sharp setback in less than a week as a late sell-off carried prices lower over a wide area. Turnover was moderate. New worries about oil prices and supplies hurt the market from the opening although
      1,337 words
    • 241 8 MAY M R«nd INDUSTRIALS A Alpha 1*1 AbCTCOfD a +1 t-l a inn 406 laneta MM C« Sugar 973 -a M| +5 O»A > 1 Currl* nnuct M 4 Or Beers Ind Edfon 191SB unch Edpn Ewreadjr Fed Vol* Puftl 220 anch Oardkan 11S unch O tenant Oratemn 390
      241 words
    • 206 8 o Hud Bay Mln a .k A«Ub» ITS Imp OH ST -s Ak n as -S jn«o_— as -S Alcoma »1. s Int Pro* Pip* US pmB Bonk Moot as -S tot Uto US Ban* No** Scotia BS -S toU Mtckai as tM, a ss*ci r:. «s assirwiz: i"
      206 words
  • Page 8 Advertisements
    • 172 8 Where to wine, dine and entertain The American Express Card serves you wherever they serve great food y—y 3 < Take a new look at the > Harbour Grill. Treat yourself and your business associates to an excellent lunch selected from our superb offering of choice OS prime beef, our
      172 words
    • 132 8 r nebeneonyeeniwe S«n«oM GoM Oub Is L II Let DANNY lOH. our award-winning resident pianist and the TWO CHORDS entertain you as you relax in the rugged and adventurous atmosphere of African safari of the Treetops Bar. o -J Enjoy any two drinics during the HAPPIER HOURS (4.00 7.00 pm)
      132 words
    • 172 8 v >• ;i t jjl >:« 4H VL < For /unch. For dinner. For a richly rewarding experience. (i t i v ciKun I 'ark Slmtikoi J w > /-A *'V* I !l )'S IJ .1 lIK Sli )i ;H( i \RI > I\<>•ir i >u 11 jk h >
      172 words
    • 116 8 In the Georaan of the Cocfcpt a splendid Period restaurant Tftenng the choioest fate in the tnje British tradition where good tasie triumphs from Beef \XfeJlingm Bunerfly FUJet and a wide choice of traditional dishes. to dining n a luxurious period atmosphene. Vftth service friend and foe praise us for'
      116 words
    • 6 8 See page 4 for Asian stocks
      6 words

  • BANKING AND FINANCE
    • 600 9 Reuter. AMERICA'S narrowly defined money supply Ml declined US$l.9 billion to a seasonally adjusted $364 billion in the week ended May 2, the New York Federal Reserve Bank said. The previous week's total was revised downward to $365.9 billion from $366.1 billion. The Ml
      Reuter.  -  600 words
    • 218 9 UPI. WORLD Buk president Mr Rehert MeNunin arrived la Jakarta ea Thursday night far a Ave day affldal visit with a pramlae af cantlaaed help far ladeaeala'a develapmeat eflerts. la a prepared statement aa arrival at Jakarta's Hattm lateraattoaal Alrpart far Us
      UPI.  -  218 words
    • 528 9 GOVERNOR of the Bank of Japan, Mr Teiichiro Morinaga said-the Bank of Japan will continue to intervene in the Tokyo foreign exchange market whenever necessary to prevent erratic fluctuations in the yen's exchange rate. The bank believes the yen has declined too
      528 words
    • MONEY AND EXCHANGE$
      • 430 9 THE US dollar did not see much change in rates and closed mixed on the foreign exchange market yesterday. Against the yen, the dollar opened at 215.10/30 and fluctuated through the day. The margin of movement was slight. At its low, the dollar stood at 214.95,05 and eventually
        430 words
      • 49 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 14 to 18: Offered: $40,000,000 Applied for: $69,100,000 Allotted: $40,000,000 Accepted bids: $98.86 approximately 49 per cent; higher bids in full. Average rate of discount on allotment: 4.515 per cent per annum.
        49 words
      • 110 9 THE US dollar for overnight delivery yesterday closed at 215.05 yen, down from a 216.00 opening but sharply up from 213.00 at Thursday's close. The Bank of Japan stayed out of the market in afternoon trading, after selling an estimated US$5O million to $80 million at around 216 yen
        110 words
      • 179 9 Asian rates ASIAN currency deposit interbank rates as at close on May 11: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Dollars)Spot) Offer BW 10'> 10 1 113/16 111/16 10*4 10 10 15/16 10 13/16 11 3/16 11 1/16 tm it's 113/16 111/16
        179 words
      • 52 9 RANGE of prices offered by discount houses on May 11: Overnight 4'/i% Call deposits 4'i% Ckwiaf Bsyimf SeLliaf 3 month Treasury bills 49/18 4 7/16 3 month Bank bills 7 7/16 7 ft/16 3 month CD 6~t 6 1 6 month CD 7 1/16 6 15/16 Source: National Discount
        52 words
      • 21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8 per cent.
        21 words
      • 44 9 FRANKFURT exchanges opening quotes on May 11: US 1.8883/10 (1.8980 87) Can 1.6355/75 Stg 3.880 890 D F1 91.73 81 S Fr 110.38/53 Lit 2.235/242 F FY 43.22/30 N Kr 36.45/73 B FY (con) 6.240/250 B FY ((in) 6.067 077 Yen 0.8800 20
        44 words
      • 114 9 THE US dollar yesterday traded firmer at 215.25/45 yen against New York's closing 214.90/215.00 but below an earlier 215.80/ 216.00 in small volume, dealers said. Most interest was centred on the dollar/yen with the US unit ruling quietly steady against most other currencies. It was quoted at 1.8985/90 marks,
        114 words
      • 142 9 STERLING yesterday opened slightly lower in line with the Far East, dipped on some Continental selling then came back to around its opening level while the dollar was steady against the deutschemark and Swiss franc, dealers said. The British currency slipped another 0.1 on its effective index to 66.3
        142 words
      • 270 9 SINGAPORE gold futures yesterday closed generally firmer compared with Wednesday's close in light trading, dealers said. Opening quotations were marked up around US$3.6O in most positions following the metal's overnight strength in New York and thereafter fluctuated narrolwy throughout they said. Turnover fell slightly to 185 lots from 192
        270 words
    • 73 9 THE Swiss government has concluded an agreement with Malaysia to finance the supply of Swiss investment goods and services to that nation. The transfer credit agreement covers deliveries totaling 60 million francs at about 82 per cent, meaning the credit itself will be about
      73 words
    • 62 9 Reuter. THE UK government's borrowing requirement for April rose to £1.25 billion against £446 million in April 1978, the Treasury said. However, two special factors had led to the large increase, with £300 million accounted for by national loan fund lending to public corporations and local authorities, and
      Reuter.  -  62 words
    • 419 9 THE CONFEDERATION of British Industry (CBI), said it welcomes the establishment of the European Monetary System as a significant step towards economic and monetary union but considers conditions still unsuitable for the UK. In its new hand book on Europe, the
      419 words
    • 219 9 THE ADELAIDE Stock Exchange has asked the Bank of Adelaide to explain a report in the Melbourne 'Age" newspaper which suggests the Australian banking system was about to inject US$2O million or more to support the bank's finance unit. Finance Corp of Australia Ltd
      219 words
    • 60 9 SOUTH Africa* gald hsldiags me li milltoa rud in April to 1 Ji Mlltoa, the Pretoria Reserve Bask said. Gold reserves were vaiaed at 185.M aa aaaee at ead April compared with 184 JI raad far March. The baak said la Its maathly reserve statement that total
      60 words
    • 217 9 Reuter NORWAY signed a contract in Tokyo to float a 30 billion yen, five-year, 7.3 per cent bond on the Japanese capital market through an underwriting syndicate led by Daiwa Securities Co Ltd, the Japanese securities firm said. The bond will be priced at
      Reuter  -  217 words
    • 110 9 Reuter THE National Bank of Australasia Ltd expects the group performance recorded in its first half year to be maintained in the second half. As earlier reported, group net after tax profit rose to A 533.70 million in the half ended March 31 from $27.56 million a
      Reuter  -  110 words
  • Page 9 Advertisements
    • 367 9 NEW Arm* BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its member
      367 words

  • DEALS DONE ON THE SES AND KLSE
    • 1067 10 ~VM9&SfZJ&Ok afflcMUly Tn MftXS9BE&» unlta unlU)'Liter? C KT«yTfc^^t>AllCD (i) t* ita Ta (I) 033 (l) ui PAN (9JOB 3368) (1) 100 (1) 9JB P E Lertafatoa (2J2B)CD M C*Mm (1398) G Secaritiee (MOB 1.118) (2) 133 (19i) I.IOBBTT (1.10B) Geattafa (IMB 1608) (100) 332 (5) im im (U)
      1,067 words
    • 150 10 IMO (*****0) (00.458 4UMS 10/0/80 (290,000) (00JOB ft a/4% 1/0/78-80 (*****0) (100J6B 100.068) 5 1«* 1/M1 (*****0) (100.198 10&286) 6* lft/4/81 (*****0) (M 428 90.725) 6% T P 1/ft/83 (*****0) (IOaiOB *****6) 7% 11/4/88 (*****0) (*****8 100 MB) 7% 1/8/88 (*****0) (100.758 1004BB) 7 1/4% 18/4/B8 (*****0) (100J0B)
      150 words
    • 92 10 Striking price* of the option officially listed on tte Stock Exchange of Singapore yesterday, tte period. Bid* and offered prices and Nwln— done, U any. with tte number of opboos traded shown in brackets. C*C (June $2.60) (0.468 QJSB). ■aw Par (June $1.40) (0.206 0.255) ■mm P B
      92 words
  • 2116 10 I men Last Sale Gr"» Dh ■for- Div Ctt Gr"» ru Nat P/E Vol (•000) Day Hi«k Low jfe SECTION ONE INDUSTRIAL COMMERCIAL ai ur Ml 1B 74H 313 980 a •»jr^Y 290 lOScd IB IB 2B4xd 04 212 320cd unch 12.0N 104 -4 -i 174 20.0
    2,116 words
  • 146 10 ■miNttDMTBnr —i 1 pHaaa Mr Map M) TkeOowMRt LM 1* The Savtaf tad 1J7 L« S-porc Prop tad LM IM S"par* Sec. tad LB LM S'parr Iavaet tad LM 1-fixd S"pore Equity tad Ml LM INCOME MM4 (Cwwtp Income Bond MABA MJMmn D UNIT Mae) LM LM ISA
    146 words
  • 1305 10 UWIIUIi faM (1MB) Alm (IJK) (2) LM (1) LM cd A CAM (2) LM AHD(IfiBOiE) Ml(UB) Bm (MB) iMMt (IUS) (1) 2.13 (I) 111 (1) 2.11 BmMMA (1228 IMS) (I) LM (7) LM (2) 122 (M) LM od IMMM (11B) lnbl«(IJC) (14) OJOcrl A Tiliiii (1-MB ISIS)
    1,305 words
  • 458 10 SHARE PUCES aOpped to tower toveto to vary arid trMtog at the Stock Friday _af Htogifin partly toftoeaeed fey MUBfeer af PBBT tlTfintt reports toned threagh the Exehaage lately. The teppMtog reHaw Par, 11 aria to the wake sf a tow ether fend the
    458 words
  • 646 10 PROFIT-TAKING was again the order of the day at the Kuala Lumpur stock market yesterday as buyers kept to the sidelines, waiting for a better trend. Prices which opened lower depreciated further in dull trading. By the end of the day, prices were easier across
    646 words

  • COMPANY NEWS
    • 668 11  -  Market Talk... By CHAN BONG SOO IN THE last fortnight or so, the Singapore stock market displayed good underlying strength on intermittent bouts of buying with emphasis placed on those stocks with the best growth potential. With very few exceptions, blue chips were sought
      668 words
    • 753 11 Current Ex Boohs Date Total for Total for Payment Date Close Payable the year Previous year Guthrie 5* Apr 6 Apr 14 May 9 7% 1% C Sugars 5%I Apr 11 Apr 24 May 10 5% 12%(a) NST 15% I Apr 18 Apr 30 May 11 15% 40%
      753 words
    • 225 11 Compaay Particular* Ex Date Books Close HK Land Toakiba Roxy Apollo OC BC Bovla SKA L td Plant OUB Oriental Hldga Mai Floor Olympia Bonus Issue of 1 for 10 Rights Issue of 3 for 2 fe $1-50 per share Bonus Issue of 2 for 5 Rights Issue
      225 words
    • 798 11  -  PALM OIL BOOM By LOW LEE CHOO AFTER last year's disappointing results. Highlands and Lowlands is confident of a better performance this year because of the generally improved commodity prices and crop yields. With the return of better weather conditions after the
      798 words
    • 443 11 HARRISONS Malaysian Estates (HME), the 80 per cent-owned subsidiary of Harrisons and Crosfield Ltd. has reported an unaudited group pre-tax profit of £23.75 million for the nine minths ended Dec 31, 1978 against £24.901 million achieved in the 12 months ended March
      443 words
    • 56 11 DEVELOPMENT Bank at Singapore has informed the SES that with effect from April 20, Cluny Hill Pte. Ltd, Ladyhill Pte Ltd and Swiss Club Park Pte. Ltd will become subsidiaries of DBS Realty Pte Ltd, its wholly-owned subsidiary. The three companies were incorporated on Dec 12 with
      56 words
    • 136 11 BUILDING ap aa Its straag ISTI earnings recovery, Siagapare-lacarparated Overseas laiaa Enterprise has taraed in aaather set «f gead resalts far the year ended Dee SI, 1178. The property gnu* pre-tax praflts rase by C 9.5 &ceat ta $8.12 militoa, thas eanflrmiag chain—
      136 words
    • 257 11 by HOCK LOCK SIEW PUNTERS LOOKING for signs *f a resurging stock market need tank m farther than the "kelp wanted" advertisements. Stock broking companies are beginning to leek far investment analysts and remisiers again, a meve that perteads same epttmism far the market. Remember tbe last
      by HOCK LOCK SIEW  -  257 words
    • LATEST RESULTS
      • 87 11 Group pre-tax profit for the year ended January 1979 amounted to MJ26.12 million compared with $21.54 million for the previous corresponding period. Turnover increased from $842 million to 5915 million. The directors recommend a final dividend of 85 per cent which, together with the interim dividend of
        87 words
      • 65 11 Pre-tax profit for the Jfealf-vear ended March 1979 totalled MJ2.03 million compared with 1710,265 previously, on sales of $16.63 million against $14.94 million the last time. The company said the increase in profitability was mainly due to the return to near full capacity production towards the
        65 words
      • 75 11 Pre-tax proft for the year ended Dec 31,1978 came to 551.38 million as compared with $1.11 million previously. The directors have recommended a first and final dividend of 7.5 per cent (same). The chairman said the overall room occupancy averaged approximately 97 per cent for the whole of
        75 words
      • 121 11 pre-tax profit for the halfyear ended February 1979 totalled 552.60 million ($1.46 million). Net rental income rose from $3.70 million to $5.03 million, due mainly to the improved occupancy of Clifford Centre. The increase in interest earned of $225,067 ($428) arose from short-term deposits of the proceeds
        121 words
      • 31 11 The direc- tors have recommended a final dividend of 4 per cent less tax for the year ended Dec 31, 1978, payable to shareholders on June 22.
        31 words
      • 27 11 has declared an interim dividend of 10 per cent for the year ending June 30, 1979. The dividend is payable to shareholders on June 4.
        27 words
      • 49 11 has announced an interim dividend of 15 per cent gross (8 per cent) for the year ending June 30, payable July 6 to shareholders registered on June 4. The company earlier reported after-tax profit of M 5990,000 (M 5875,000) for the half year to end-Decem-ber.
        49 words
  • Page 11 Advertisements
    • 328 11 t a GOOD READING FOR ALL PARENTS Learn^^^ Learning Through Play is a book chock full of ideas for simple games, activities and 1 experiments, designed to help children develop their minds and bodies. Babyhood should be required reading not only for all parents but for every doctor or nurse
      328 words

  • 585 12 NYT. AFTER weeks of relative stability, prices (or both crude oil and refined products on the New York spot market have suddenly started soaring again, adding greatly to mounting pressure on oil-producing countries to raise prices sharply across the board. At ports in
    NYT.  -  585 words
  • 197 12 AFP. THE PROSPECT of constructing a big hydrocracker plant at the ail town at Dumai, South Sumatra, appears to be dim following the withdrawal of the South Korean company, Trim, from the project. Yulsan had gone bankrapt and should be replaced by a new firm,
    AFP.  -  197 words
  • 195 12 UPI SAUDI Arabia is in the process of cutting back sharply on the amount of oil the Arabian American Oil Company will be allowed to take out of the country, according to usually well-informed sources in New York. The Wall Street Journal and Piatt's Oilgram both
    UPI  -  195 words
  • 789 12 LONDON. FA Share prices ciaied narrowly mliwl after a quiet «srina today, dealers said. At 3 p.m., the Financial Times Index was up 0 J at ■Ml Equities aad government bonds firmed slightly daring the morning session bat this moveineul was balled after the retail price lades awwd
    789 words
  • 502 12 UPI, Reuter. LED by guerrillas astride nine elephants, more than 6,G00 Khmer Rouge soldiers and civilians have escaped a Vietnamese offensive in Kampuchea and fled to Thailand. Khmer Rouge soldiers, interviewed at Mai Rud village, 2GO km south-east of Bangkok, said Vietnamese forces backed by Sovietbuilt T-54
    UPI,; Reuter.; UPI photo  -  502 words
  • 195 12 DB KURT Waldheim, the Uiltei Nattow Seeretary-Geaeral, arrived tai fflagipein yesterday after——. He waa inmiaaasiei by kfa wife, Elisabeth, aad a ris-member UN detogattoa. The Brat UN Seeretary-OeMral ta vtatt Stegapare, Dr Waldhetm waa greeted by Fareiga Mtadater 8. Bajarataam, ether MftabterTaS ferelga digattarlee. A tetoj
    195 words
  • 462 12 Reuter. NEGOTIATIONS between rich and poor countries at the United Nations Conference on Trade and Development (Unctad) in Manila remained at a standstill yesterday while the Third World nations tried to patch up disagreement in their own ranks for the second successive day. While the
    Reuter.  -  462 words
  • 111 12 Reuter. THE FUJIAN (Fukfen) Provincial Investment Enterprise Company hat been set up in Fuzhou (Foochow) CSty, to handle investments tram overseas Chinese and foreign industrialists and businessmen, the New Chinese News Agency reported. The state enterprise will issue stocks and handle investments (ram overseas
    Reuter.  -  111 words
  • 422 12 BO VIS South East Asia Bhd (BSEAB) has reported a group loss attributable to shareholders of M 520.53 million for the year ending Dec 31, 1978. This compares with the loss of M 38.29 million in the previous year. The parent company
    422 words
  • 260 12 Reuter. LEADING US businessmen at the Spring meeting of the Business Council in Hot Springs, Virginia, said they expect slower US growth as the year goes on but without a recession. But they said some action by the government to break the inflationary psychology that
    Reuter.  -  260 words
  • Page 12 Advertisements
    • 170 12 CITIBANK EXECUTIVE APPOINTMENTS We are the world s leading international bank, a position we have achieved by meeting changing financial needs quickly and efficiently with imaginative service. Today, to continue our development in Singapore we need additional resourceful people. We are looking for well qualified, professional people to work in
      170 words
  • Page 12 Miscellaneous
    • 59 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers. Bepsrt far U torn prtar to 7JI pjn. mm May 11 at the airasrt. Maximum temperature 33.7 Associated humidity 67 Minimum temperature 24.2 Associated humidity 96 Hours of sunshine 6.10 Rainfall in millimetres trace Total rainfall for the
      59 words

  • LEISURE TIMES
    • 811 13  -  PURSUITS By MARGARET THOMAS THE WHITE Peugeot led the way expertly through the dark; long headlights occasionally spying on the silent, dew coated cars of the all-night lovers. A right turn we bumped off the road and gingerly made our way over some shaky,
      811 words
    • 561 13  -  By TYE KIM KHIAT THE Aministration of Uganda has passed into history but the Marshal has not had his last laugh yet but will he? The Fiend Marshal gave Ugandans a helluva time, grabbing international hatelines and making heads roll (literally), besides his others equally heinous crimes. It
      561 words
    • FILM REVIEWS
      • 410 14  -  Beau Bridges is just not British. He sdunds American and looks American. By MARGARET THOMAS THE DISTRIBUTOR'S note says of The Four Feathers (now showing at Cathay): It's the kind of story where decency, heroism and true love win out. And that's exactly
        410 words
      • 606 14  -  By FONG MEW LENG OMEN n is an opportunity far the devil to demonstrate his insatiable thirst for evil on earth. It also created a passible link to a third chapter in the serial. A third chapter may after all be needed to explain several
        606 words
      • 796 14 ■OTOKnra with Hermes THE AVERAGE motorist in Singapore has two children, lives in an HDB flat and drives a sensible saloon between IOOOcc and 1500 cc. But if his budget constraints are a little more relaxed, he may even go up to 2000
        with Hermes  -  796 words
    • PROPERTY
      • 1290 15  -  WELL-PLANNED SECURITY By TSANG SAU YIN ON LOOKING at the residential market these days, one's attention is invariably drawn towards the latest selling points developers have on offer. Swimming pools, squash and tennis courts have become familiar components o( upper crust living and aid the
        1,290 words
      • 294 15 DEVELOPERS, ftiiw Ptaaa (Private) Ltd., a wheMy iwwi NWtey •f MB SMit;, have mm ip wttk t "first" fai Mi raifldiallal prejeet Tweaty ef (km wOl he etnrng wt fltgtatlly the m( ef the Mahw •we stretch ef tarf aid ear perch. Altheagh Mgaei ae aa
        294 words
      • 187 15 WITH buoyant sales of semi-detached bungalows prevailing to the Buklt Timah area, property developer Lam San Co Pte Ltd has recently put up its phase 4 residential project for sale. Lam San Co has already sold S3 units of semi-de-tached and 2 units of
        187 words
      • 401 15 PACIFIC International Lines has Joined that group of companies which have grown sufficiently large to Justify developing and owning their own buildings. Under its subsidiary, PIL Realty, the shipping group has begun the construction Of PIL RntUting located at Cecil Street, the heart
        401 words
      • 239 15 PULAU BUKOM receives Its first steel bridge to coonect the island with Pulau Ular, Berita Shell reported recently. The 98 million steel bridge, now under construction, is also the first development (or Pulau Ular since it was reclaimed from a coral reef in 1977
        239 words
      • 27 15 GOLDEN Waad Pr«* ■C» /V W99 XWwtm MP Ike nil it eaattel af the farner Is $fi nrflliea ami ant $LS mllH— at repartejj In
        27 words
    • 793 16  -  By FRANK PRIAL WHEN he was younger, Cyril Ray invested wisely in some good clarets. As one of England's most prominent wine writers, he certainly was in a position to know what was good. "Nothing extraordinary, mind you," be said at lunch other
      793 words
    • 648 16  -  TWO FRENCH DELIGHTS WEEKEND GOURMET Francessco Duma ONE IS at loss to define uncompromisingly the geographical origin of the famous blanquette de veau; cordons bleus and "fins gourmets" from many areas of France claim it to be their regional speciality. A x quick look at its
      648 words
    • 518 16  -  By FONG MEW LENG SPICES may speak, but only very softly. Keeping the natural flavour in super fresh ingredients is perhaps the ultimate test of a chefs ability. Though not particularly the hallmark of continental cooking, this is the basic principle of nouvelle cuisine. The trait is
      518 words
    • 919 16  -  MRUfntl By PATRICIA NEWBY FT "NARINGAL", named after the Aboriginal tribe which once lived by its winding river, is one of Australia's oldest sheefi stations, a 3,000-hectare property in northern Victoria running 9,000 sheep, 400 beef cattle and, nowadays, 3,000 tourists a year.. Established in 1841,
      FT  -  919 words
  • Page 13 Advertisements
    • 47 13 Kodak is... FILM CAMERAS PROCESSING PROJECTORS CHEMICALS PHOTOGRAPHIC PAPERS PHOTOGRAPHIC ACCESSORIES 305AMunttaRoad &ngaoo>«3T*t *****1 There's manethiig wrtag with Fur Feathers ...................Page D The Mm lMk either yea Uhe it er hate It U That extra semethiag at GfMgedvi HI Twe Freaeh delights te whet veer appetite IV
      47 words
    • 245 13 Kodak also is... MICROFILM GRAPHIC ARTS MOTION PICTURE FILM BUSINESS SYSTEM EQUIPMENT AUDIO VISUAL EQUIPMENT 305 Meun«i Road Smgwe 3 T«t ***** 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 Qf its hole
      245 words
  • Page 13 Miscellaneous
    • 862 13 WHAT WHERE FILM SHOWS TOMORROW AT 3pm the Singapore Science Centre will screen two films, The Uakaewa Continent and 2 eem life, at its lecture hall. Both films look into the cells in the human body. Admission will be $1 for adults and 50 cents for children. Concession rates will
      862 words

  • Page 14 Advertisements
    • 149 14 PENGUIN BOOKSHOP r TT RUNNER'S J V? <3 ft* «)3» 5 >t T.^ A i! \M is m Uu •iV jlStf i V W~t~ 1 *UN*B*& H4NOBOOK mm 'a ri M# Tfm ULTIMATE BOOKON RUNNING I WNfDO RUNNtKS m *r Here at last is The Runners Handbook, a complete Htness
      149 words
  • Page 14 Miscellaneous
    • 98 14 TRY THIS TEST... '8 BIM mfr L SJH"9 *8a joj 'ajuui judAajd oj Xbm ou si aiaq) asrreoaq ttfjsai *snui sp*[g pire M *s 9% a 8»x 2,qb *9 9* sqfc s ibt** •«>) m m etf> *8 sra epfc 7. HX CT& "9 98" fi JO ct£) *9 *3h
      98 words

  • Page 15 Advertisements
    • 162 15 RIDGGUJOOD the Most Falkcd About 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 $196,000 FACILITIES 6 Parklike hectares A superlative Recreational Area, complete with 2 Pools, 2 Tennis- Courts, Badminton, Basketball, Squash, a
      162 words
    • 94 15 ON OFFER JOKES LANE ir i* i imr i w A r-Kl r. I I *****4 ***** We offer you practical professional advice on market trends and development opportunities. I s irrr If you're tired of waiting for a tenant We can show you ways to find tenants, improve your
      94 words

  • Page 16 Advertisements
    • 391 16 tn Time' SANDYiAWKES r V SIX Her sensational true account of days end nights th a psychopathk 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 been
      391 words
    • 174 16 "NTIRED ef the uul salts ■early every sac wears to office? Take the lead tram Gay Laraehe's latest Ladybird line the general shape ef this Hae emphasises my sqaare Mden with a aarrew bast, padded sheaklers aad straight skirts. Aad It's back to striking coloars. This wool salt (left), far
      174 words