The Business Times, 7 July 1979

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. IM/1/79 SATURDAY, JULY 7, lf» 50 CENTS
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  • BRIEFLY...
    • 83 1 AP WASHINGTON, Fri. The Carter Administration yesterday denied a published report that it was planning to announce further sharp tariff reductions for imported textiles and women's and children's clothing. "Tariff reductions negotiated by the United States in the Multilateral Trade Negotiations averaged 15 per cent in
      AP  -  83 words
    • 74 1 KUALA LUMPUR, Fri. Malaysia and Indonesia will work in closer cooperation in the exploration of alternative energy sources, Indonesian Minister for Minerals and Energy Dr Subroto said today. Ha had talks with Malaysian Minister for Energy, Telecommunications and Post Mr I>eo Moggie yesterday and said they felt the
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    • 69 1 Reuter. JAKARTA, Fri. Indonesia has stopped all coffee exports until further notice in order to secure sufficient supplies to meet domestic demands, Trade Minister Radius Prawiro announced. He had ordered officials concerned to stop issuing coffee export licences for the time being, effective yesterday. One reason for the
      Reuter.  -  69 words
    • 70 1 AP. WASHINGTON, Fri. The US unemployment rate fell to 5.6 per cent in June, the lowest level in nearly five years, the government said. Wholesale prices rose 0.5 per cent last month but food prices actually declined 1.2 per cent with sharp drops in the prices of
      AP.  -  70 words
    • 62 1 UPI. GENEVA, Fri. Inflation will rise above 10 per cent in the Western industrial nations this year because of higher oil prices, the managing director of the International Monetary Fund (IMF) said today. Mr Jacques de Larosiere said anti-inflation policies, especially in the US, are crucial as well
      UPI.  -  62 words
    • 70 1 Reuter. GENEVA, Fri. The world's first agreement between producer and consumer countries on natural rubber could be reached by next weekend, the chairman of a United Nations conference on the commodity said today. Mr Peter Lai of Malaysia, who has been chairing the negotiations under the auspices of
      Reuter.  -  70 words
    • 60 1 UPI. NEW YORK, Fri. The stock market, aided by some favourable economic reports, headed higher early today in moderately active trading. The Dow Jones industrial average, which gained 0.17 point yesterday, was ahead 1.28 points to 837.02 in early morning trading.Advances led declines, 674 to 350, among the
      UPI.  -  60 words
  • 138 1 Rises Indices I C B 300 DBS 486 Vtd Plantations 274 Intraeo 210 U O I 215 Kuiia Mtia 190 S B S 188 Guthrie 163 Sea View 87 U O P 188 Rothmana 448 U O B 322 Falls U A C 390 Ayer Hitam Tin
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  • Article, Illustration
    141 1 Rises Indices S Besi 1160 50 Jul 5 Jul 6 NSOP 458 28 B.T. Index: 3195.05 3180.77 Pengkalen 530 25 Industrials: 401.83 400.46 A Hitam Tin 1240 10 Finance: 596.10 594.82 A Amal 520 +5 Hotels: 257.13 257.09 Trorvoh 860 +5 Properties: 231.06 231.27 Pac Dev 314 4
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  • 745 1  -  FREIGHTS GAIN IMPORTANCE By WANC LOOK KEAH SINGAPORE Airlines registered an after-tax profit of $21 million during its last financial year ended March, an improvement of about 40 per cent over the last financial year. The Singapore national carrier maintained the rate at
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  • 191 1 TOURIST arrivals grew 10.7 per cent to 179,714 last April. This compares with a growth of just over 8 per cent for the first three months of this year. Holiday-makers accounted for 63.6 per cent of the visitors. Another 11.8 per cent came here on
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  • 579 1  -  By JOHN LIM IN A surprise move on Thursday, the Government informed oil companies that it has decided against decontrolling pump prices of petrol and diesel. This decision to withdraw its proposal to deregulate prices followed consultations with Shell, Esso, Mobil, British Petroleum
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  • 99 1 The gold price soared to a historical high of US$29l an ounce on international markets yesterday. With speculators coining out in force in both European and Far East markets, the gold price regis- tered a new high of US$292 at one stage. Local gold dealers
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  • 289 1 AIB tares (tmd Sigkpart u «Umt Aidvii enitrln will Hn by 1 per eeat (rem July It. This toitow* Ike dedri*i sf Orieat Airttoes Afsselatlsa (OAA) last msath to raise litnt-re-gtoaal tores to sflset higher toei eeeto. There is speealattoa toff
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  • 401 1  -  By MANO SABNANI HAW PAR Brothers International has concluded its first successful takeover since its heyday as a highflying member of the Slater Walker empire. In an announcement made after trading hours at the Stock Exchange yesterday, Haw Par revealed that it now effectively control
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  • 81 1 ASIAN film producers were yesterday invited to consider the possibility of developing Singapore into a film production centre. The offer was made by acting Minister for Culture Ong Teng Cheong at the closing ceremony of the four-day 25th Asian Film Festival which started last Tuesday. Singapore does not
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  • Page 1 Advertisements
    • 4 1 "T% SINGAPORE Business FOR
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    • 244 1 McCarthy Information Services (UK) We invite the Singapore business community to subKribe to the UK-baaed McCarthy Information Service* at the same price u British subscribers receive these weekly services in the United Kingdom. This has been made possible because the services are air-freighted to Singapore in bulk and distributed by
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    • 63 1 iCMitua LEISURE TIMES POCUB m technical training..... 7,8 ROLE si STOCK market repert............... II decade— HOCK Leek Stow nyi State hu MOKE rei a peculiar strategy II lines DECONTROL ef ail prices unlikely It ROLE ef anions la the next decade— 12 MORE reaettoas to NWC gnideMEMOPAD I, PLIGHTS S,
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    • 0 1 [`&:;<|+,)+{~{`{)'"[?(,%_>[._/*
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    • 117 1 The well-balanced PPC _j A o n BUSINESSMEN WANTED We have a business proposition for you. How would you like to own your own premises in a location that's central yet outside the CBO? Where there is ample parking spaces and the building facilities are excellent. In a new building
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  • TRADE AND INDUSTRY
    • 465 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 June 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies July 9-10: Critical Path
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    • 493 2  -  By GOH ENG KEE THE VOCATIONAL and Industrial Training Board (VTTB) will be taking a "qualitative leap" in the 1960s by expanding substantially its training courses in the major trade areas. It will establish regular full-time institutional training at the National Trade Certificate Grade
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    • 218 2 THE Singapore Polytechnic must meet the challenges of the Eighties when the economy "shifts its emphasis from the low-wage, low-skill and labour-intensive activities to the high-skill, high value-added and high-wage activities". This was emphasised by Dr Ow Chin Hock, Parlimentary Secretary (Culture). at
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    • 132 2 A LARGE Australian architectural and building hardware company, Speciality Hardware Service (Vic), has established a subsidiary company in Singapore. The new company, Speciality Hardware Service (Singapore), will supply and promote Australian-made door hardware to the building and construction industry in the region as well. Mr Cecil Tolliday, managing
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    • 131 2 SINGAPORE'S process control instrumentation industry faces serious competitive disadvantages as it is relatively inexperienced, compared with that in Western Europe, Japan and the United States. This point was made by Mr B J L Thompson, managing director, of Foxboro Far East, at the company's certificate presentation
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    • 406 2  -  By HSUNG BEE HWA ADVERTISING, as a service industry, must provide specialist services in order to survive in the next ten years and this will lead to market segmentation. "Segmentation is by no means a new concept. However it is a relative newcomer in
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    • 145 2 PUBLIC relations officer should have a place on company boards to alert management of the adverse consequences of certain decisions. President of the Institute of Public Relations, Mr Chee Koon Lin, said at an advertising seminar yesterday that many are paying only lip service
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    • 316 2  -  By RAHIM KASSIM A SINGAPORE hotel consultancy and management company has initiated talks with a number of hotels here to get them to join an international hotel chain. The company. Hospitality Associates, was formed in March and has been appointed representative for Milford International Marketing
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    • 64 2 Australia is exploring new sources of oil to replace its Bass Straits oil and gas fields which have been in commercial production (or II years. During this time they supplied Australia with Its main source of oil. The country at present produces about 71 per cent of
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    • 308 2 GENTING Berhad has set up a sales office here to cash in on the healthy tourist trade. Since its opening in May, business at the office has been overwhelming. It reported a 10 to 15 per cent increase of Singapore visitors to the Genting
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  • Page 2 Advertisements
    • 117 2 A class of its own Series 600 Elegant chairs Diethelm originals Their clean modern lines add an aura of distinction to your company image The new series 600 offers some very exclusive chairs for top management as well as reception and conference areas Available m a range of attractive fabrics
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  • REGIONAL
    • 682 3 ARRIVALS Service Local Operator Number Time From MAS MH605 1045 KUL GIA GA944 1065 PKU GIA GA906 1100 MES THAI TG423 1125 BKK PAL PR501 1135 MNL SU SQ63 1155 MNL RBA BI423 1200 BWN GIA GA982 1200 HLP SU SQ240 1210 MES KLM KL837 1230 AMS/FRA/
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    • 275 3 Reuter TWO ITALIAN cruisers and a supply ship headed for the Far East on Thursday on a rescue operation to pick up about 1,000 Vietnamese "boat people" on the high seas. The Italian mercy mission coincided with fresh condemnation of Vietnam's treatment of the refugees by the United
      Reuter  -  275 words
    • 711 3 THE Malaysian banking, finance and insurance industries have come up with a set of proposals which they feel will encourage savings and promote private investment in Malaysia. In the final day of the pre-budget dialogue between the Finance Minister Tengku Razaleigh Hamzah and various private
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    • 507 3 URGING that there is a pressing need to reverse the faltering trend in new investment in the mining industry in Malaysia, the States of Malaya Chamber of Mines has again put forward its case for revising the structure of existing taxes imposed on the
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    • 192 3 UPI THE HOLIDAY in the US left the market largely devoid of chartering activity. Grain fixing in the single voyage sector continued to attract considerable interest, with movement from the US Gulf and St Lawrence to Western options particularly prevalent. Tradax took a 7,500-3,000 ton min-max cargo of
      UPI  -  192 words
    • 252 3 THE Pederatlaa •< Rubber Trade AmmMlni •t Malaysia hat sappartod the call by the Malay*™ Rabber PrWieert' C*neU far the extetlag tax structure on rahher to he revised la srder to stlmalate aew plaatlag aa well aa the re plaatlag af eala a statement
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    • 783 3 Reuter JAPANESE Prime Minister Masayoshi Ohira is widely expected to cash in on his popularity after chairing the recent seven-nation economic summit by calling a snap general election later this year. The summit was seen by many Japanese as a success, especially for
      Reuter  -  783 words
    • 400 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dove (1600 Subject gas free) 15/16 Fortune Victory (1100) 19 Frotakobe (after Centaur) 1/2 Iweri (0700) 24 Melampus (after Barbe Priam) 47 Tapah (1600 21 West PASIR PANJANG WHARVES Asean Progress (0600 after May Sky sailed. A Asean Endeavour hauled) CB 6A
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  • Page 3 Advertisements
    • 135 3 I r< m tj ft m $2 i ?!n i r -.7.. ////;/#////#»»*v^rf^; Buy a pea green boat or sell a nautical puss. Leisure Times is right on target For as little as $15, you can sell anything in Leisure Times a painting, a world tour, a vintage car and
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    • 10 3 V IX2& The new number for THE MANDARIN SINGAPORE *****11
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  • RAW MATERIALS
    • 295 4 OPENING prices in Singapore yesterday were marked up about two cents on higher London advices, after steadiness at the close here on Thursday and thereafter values gained further ground on weekend covering, trade and upcountry buying together with some physical offtake, dealers said. Some profit-taking emerged at the highs
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    • 30 4 Rubber: July 6 Singapore: July: 302.75 cents (up 7.25 cents) Malaysia: August: 302.00 cents (up 6.25 cents) Tin: $1,995 (up $9) Official offering: 170 tonnes (down 10 tonnes)
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    • 380 4 R A S prices in cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f o b. 303.00 304 00N 305.00 306 OON Int 1 R.S.S. July 300.50 ***** 302.75 303.25 Int. 1 R.S.S August 300 00 300 50
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    • 113 4 NOON SSR and SMR price* ye*teni*y Aapit RAS (Curreot Mth) (Poi rward Mth) Buyer* Seller* Buyer* Seller* SSR 20 <1 ton pallet 286-SON 288.50N 287.50 *****N SSR 50 H um pallet I 283.50 285.SON 284.50 286 50N MRELB AM Sept SMR CV 11 ton pallet) 326-50 328-50N
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    • 82 4 THE STRAITS tin price in Peaaag yesterday rose MIS to $1,995 a pical. The rise was aided by the higher spat tin price In Lsodsa sa Thursday aad sustained haying support tram the Japanese aad local dealers, dealers said. The strengthening of sterling against the Malaysian dollar aad
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    • 182 4 THE SUGAR futures market yesterday closed firm in quiet trading with no trades registered, as on Thursday, dealers said. September closed at 9.13/ 18 US cents against Thursday's 8.88 92 close, October at 9.50/55 against 9.18/22 and July at 10.95/U.OO against 10.58/62 cents. Sugar futures closing prices: PifvUn
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    • 161 4 WHEAT futures in Chicago on Thursday closed up their 20-cent-a-bushel limit in nearby July and 18 to 17 US cents elsewhere. The gains came on persistent, heavy commercial and commission house buying throughout the day, which many traders linked to talk of more Soviet buying. Earlier, traders noted rumours
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    • 334 4 SLIGHTLY improved buying interest from overseas was reported on the Singapore produce market yesterday. This was particularly so in the copra and coconut oil sector of the market where prices held from steady to firm. Some coconut oil was reported sold at higher level following the mark-up of
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    • 550 4 OILSEEDS: Oils and oilseeds displayed generally firmer trends yesterday morning following price strength in Chicago on Thursday and talk there of Soviet purchasing activity in- grain and soyabean markets. Dutch soybean oil traded around four guilders per 100 kilo higher and early dealings included Aug/Oct at from 140
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    • 339 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE 100 per cent first class (Kangaroo) new crop O.K. 100 per cent second class O.K. 100 per cent third class 0 80. 25 per cent new crop no stock. B-10 per cent 070 THAI BROKEN: A-super 0 82,
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    • 192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot exgodown) Cattaa yara: China Blue Phoenix 20s 2,300 32s 2.800 40s 3,025 (per bale of 400 lbs). Pleee gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • MONEY AND EXCHANGE$
      • 460 4 THE US dollar moved within a small range yesterday and trading was rather quiet. Although dealing was still active in sterling, it closed on a slightly weaker note against the US currency. Sterling opened at 2 2420/ 30 and reached its highest level at 2.2450/60 just before London
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      • 193 4 Asian rates ASIAN currency deposit Interbank rates as at close on July 6: 7 days 1 months 2 months 3 months 6 months 9 months 12 months US Dollars!Spot) Offer Bid 1011/16 10 9/16 US/16 113/16 10 10'1 10 10't 10I0*» 107/16 10 5/16 107/16 10 5/16 1 month 3
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      • 46 4 RANGE oI prices otlemi by discount houses on July 6: Overnight Call deposits 4'»'* Clocimf BnyiBf Sellisf 3 month Treasury bills 4H 3 month Bank bills 7'. V% 3 month CD 7 7/16 75/16 6 month CD 7'» 7 J Source: National Discount Co Ltd.
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      • 333 4 SINGAPORE gold futures yesterday closed sharply higher compared with the overnight close in fairly active trading, dealers said. Opening quotations were marked up around US$3.6O an ounce following firmer overseas gold prices and thereafter held steady during the morning's trading. It rose further in theaftemoon on
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      • 217 4 THE US dollar yesterday finned against major currencies in moderately active late trading on positionsquaring ahead of the weekend, dealers said. The US unit was also buoyed by cautious market optimism that President Carter will propose strong measures to curb oil imports when he makes his once-postponed speech on
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      • 161 4 THE US dollar for overnight delivery yesterday closed firmer at 217.00 yen, compared with a 216.50 opening and 216.10 at Thursday's close, dealers said. Trading was quiet with volume US$449 million. The dollar edged up In thin late trading, after early steadiness, on buying by Japanese banks to adjust
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  • ASIAN STOCKS
    • 512 4 Tokyo Source: DBS-Daiwa THE market was generally bearish yesterday. Most investors remained on the sidelines owing to prospect of a rise in the official discount rate and the still clouded oil situation. Therefore, forerunning trading firms and large-capitalised shipbuilding, steel and lightand heavy-duty electrical issues edged
      Source: DBS-Daiwa  -  512 words
    • 337 4 Source: SHK Sec Ltd THE market yesterday eased on increased turnover amid rears of an interest rate rise today. Blue chips bore the brunt of the selling but after the announcement that Cheung Kong and Green Island Cemrnt were to develop Gl's land, both shares moved ahead. China Engineers,
      Source: SHK Sec Ltd  -  337 words
    • 254 4 JULY 08 CMlU INDUSTRIALS A. C. t IB A H L 171 A P. M IB aTV* 2L Bank NSW 30 Bor»l 227 Brtmblci im ♦2 1 unch unch 0 2 C R A M 4 C. 8. R. M 0 Coal Allied WO unch Dunlop M 1 e«
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    • 98 4 JULY 08 Pesos Acoit Mining AUu Con A Alias Con. B. Bafulo Oold Benruet Con B Br Ooodrich CDCP Inco B Landoll Lepanlo B. Marinduque B Meralco Oriental A Oriental B Phil Oversea* Ptillex A Phil** B Ptcop A Plcop B Pioneer PLOT Podco B Pocei flan Mifuel A
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    • 244 4 JULY 06 Bah is Asia Credit 2M unch Asia Fibre 188 unch Ayuthaya Inv And Trust 165 27 Bangkok Investment Bangkok Bank I 344 -4 Bangkok Drying And SUo Bangkok Insurance 1086 unch Bangkok Metropolitan Ban 562 6 Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd 222 -4
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  • Page 4 Advertisements
    • 51 4 Times Organisation PwiteitoThiM ftwp—dTW Change of Telephone Numbers at Times House l on Friday, 6th July 1979 at about 9.00 pm The Straits Times Berita Harian iiness Times les Publishing Production Circulation From To w I. lation thing Bhd *****1 *****11 ISr v*sjl *.o*' J *****1 737' 2841 u.«£ gj
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  • OVERSEAS
    • 495 5 AFP THAI International Airways (Thai)has bought three Boeing 8747 aircraft from the US, with the help of the Export-Import Bank (Eximbank), the stateowned American Bank announced. An official communique said it was the first time that Thai had ordered the type from Boeing and the
      AFP  -  495 words
    • 165 5 Reuter THE SOVIET Union's earnings from oil exports increased to 10 billion roubles (about 5531.9 billion) last year, from 9.4 billion the previous year, detailed for- I eign trade statistics showed. The official foreign trade I handbook for 1978 said oil accounted for 28.1 per cent
      Reuter  -  165 words
    • 167 5 PRESIDENT Carter said he will propose "strong measures" to curb US oil demand and is staying at his Camp David hideaway to consider other major issues that "go beyond the question of energy." It was the first definitive word on Carter's activities since press
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    • WORLD IN BRIEF
      • 443 5 THE Governor of the Bank of England, Gordon Richardon. said there were disturbing similarities btween the world economy now and in 1973'74, when sharp oil price increases brought on a recession. He told an international conference of bank supervisors that the US economy was weak, large oil price
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    • 235 5 US OIL eoasamptloa dropped sevea-tenths §t one par eeat daring the first faar msaths ef in, bat n—aptlw Increased ia Earope aad Japaa, aeeerdlag ta a report by the Organisation far Economic Cooperattoa aad Developmeat (OECD). lie report, prepared la late Jane, came shortly after several
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    • 552 5 AFP WEST Germany's Finance Minister Hans Matthoefer confirmed in a < ministry statement that Federal spending will rise 5.1 per cent next i year to 215.3 billion marks (aboutSs23o billion), from an estimated 203.9 billion this year. Planned 1980 spending includes a supplementary one billion mark sum,
      AFP  -  552 words
  • Page 5 Advertisements
    • 1229 5 ra 111 BANKofAMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET Assets Interest-earning deposits Investment securities Trading account securities Total securities Dec. 31, 1978 Dec 31, 1977 US$ (thousands) USS $14,755,185 $11,575,010 8,504,268 10.105,163 *****6 321,350 Other short-term investments Total loans Unearned income Reserve for possible loan losses
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  • 335 6 IT IS encouraging to know that the current leadership of the national trade union movement should even now be concerned with the quality of leadership it can provide in the New Industrial Society of the future. The suggestion that the movement should become more specialised in order
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  • 361 6 THE potential impact of any oil shortage is likely to be very great. It may mean inconveniences for motorists or perhaps a moderate increase in the cost of petrol, diesel and kerosene. On a broader scale, oil-related problems also mean higher cost of living and
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  • 1137 6  -  SERIOUS IMBALANCES Last week China released, for the first time in 20 years, a mass of economic data. FOX BUTTERFIELD summarises and discusses some of the more significant revelations. FOX BUTTERFIELD NYT CHINA is explicitly moving to slow down its rate of economic
    NYT  -  1,137 words
  • 983 6 Reinsurance is a complex business. In simple layman's terms, it means the sharing of highvalue risks by several insurers. FT EIGHT Asian countries have set up a regional corporation which is expected to lessen, if only by a notch, the dependence of their business, international trade and economic
    FT  -  983 words
  • Page 6 Advertisements
    • 68 6 THE ASEAN REPORT (in two volumes) J^STa®" Author: Thomas W Allen Edited by: Barry Wain Publisher: The Asian Wall Street Journal 1979 As reviewed in the Business Times issue dated 18th June 1979 PRICE: S$275A per set (free airmail delivery from Hongkong) TIMES DISTRIBUTORS SON BHD Mai Ordar Division 1,
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  • Page 6 Miscellaneous
    • 1169 6 WIMBLEDON LIVE HIGHLIGHT sf the day will be i live telecast 1b eetoar «f the WlmhledM men's stogies flaal, at BJ9 pn, after the Chinese Newt m Channel 8. This will he hetweea def ending cham pi— Bjm Berg ud America* Beecee Tamer. IJ9 News to to be •▼•Med 1>
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  • FOCUS ON TECHNICIAN TRAINING OFFICIAL OPENING OF THE NEW CAMPUS, SINGAPORE POLYTECHNIC
    • 1212 7 TODAY marks the inauguration of the new and expanded campus of Singapore's premier institution for technician training the Polytechnic. It also marks a resurging interest in the entire subject of skills development, both at the introductory and refresher training stage. The National Wages Council recommendations for
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    • 799 7 The Ngee Ann College and the Polytechnic together produce some 3,000 technicians a year for the labour market. BY 1986, manufacturing will be the key sector of the economy employing, on present projections, more than 350,000 people in a working population that should total about 1.4 million. In
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    • 671 7 TECHNICIAN training has existed in •se farm or another, State ran or privately financed, far many years. Yet, it has rarely, if ever, attained the level of importance that it now plays in the national scheme of things. The need to develop a more skilled and
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    • 226 8  -  Mr Low Guan Onn, chairman, Singapore Polytechnic SINCE the Polytechnic was first established by the Singapore Polytechnic Act in 1954 and classes first started in 1957 on borrowed premises, the institution has undergone several changes in its history both in terms of its physical location as well
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    • 493 8 UNIVERSITIES, technical colleges, vocational institutes and the Polytechnic do not formulate their annual output of graduates in a vacuum. They all respond to carefully prepared manpower plans hatched at a number of locations in the Republic. It is to this plan to which Singapore emplbyers will in
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    • 779 8 A QUARTER of a century alter it first took root on the island, the Polytechnic may have finally achieved what its founders originally designed it to be. Today's inauguration confers on the institution the mark of society's approval for having been able to adapt to
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    • 451 8 DESPITE the enormous amount of publicity that is now being lavished on the need for a more skilled labour force, it is not certain if the message has gotten through to employers. Skills development is comparatively new in the Republic and confined to
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  • Page 7 Advertisements
    • 82 7 'w •l w > J The tunes callfcr a great drink Icy cool refreshing F N soft drink. What a sparkling way to quench the thirst of a society that prides itself on its constant technological achievements. You'll simply love it! y i .V it U 3* UK iySmmm >
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  • Page 8 Advertisements
    • 90 8 J J n We iate sire eir uses wirfc fir km There's no guesswork in the manufacture and supply of our gases. We make them to the highest purity and to precise specifications, using modem equipment and maintaining stringent quality control. We analyse them* package them and how when and
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  • INTERNATIONAL STOCKS
    • 1269 9 NEW YORK Reuter SPECULATIVE issues were the centre of attention in a quiet market on Thursday as many investors either took the rest of the week off following the Independence Day holiday or they are watching cautiously from the sidelines. Analysts said investor interest could have
      Reuter  -  1,269 words
    • 226 9 JULY 06 CS AMtIN 18s unch Alcan 40 unc h Algorna 28 Bank Mont 24 S Bank Nova Scotia 23H unch Bell Tel 21fc Beth Corp BP Can Ltd 28S Braacan 23 v. Camp Red Lake 23 h Can Imp Bk 25H 4- Can par 32s -S Canpac In?
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    • 312 9 JULY 05 Rand INDUSTRIALS A Alpha 150 Abercom 222 2 AE And CI 410 -10 A MIC 1365 Barlows 500 -5 Cf Sugar 630 unch CNA 240 Currie Finance 88 I De Beers Ind 1650 Edcon Edgars 4000 unci) Eve ready Fed Volk I 185 -10 Fuglt H5B G
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    • EUROPEAN MARKETS
      • 137 9 JULY 06 PU 1 ABN mso unch Ahold 96 20 .1 Akso 2SX AMEV 1630 13 Amtaa Amrot Bank ***** rrj* -03 83 S2P" Kola BonumlJ M OO ♦t3 Burhmann Bjankorf Calv* Dal ft Dell MIJ Knnla Taw 1IMW ***** -CI ~u -03 Fokker Tort 24.10 -0.4 Oelder Ouibroc
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      • 174 9 JULY 06 Dm A*f-T»l«runken Akan Alls Laben AB. Vert 49J0B ait MOOQU oooo unch -U 1-10 ■4 PA W Bay H T Wbank Vkutk 1JU0 MOiSOB 2MOOB unch Bajwr 1JSJ0 -U nnr TO.TO 0.2 BMW Caaaella moo MS 00 0J Cham Varw SMUMU 1-4 Contl Oummi SI JOB ♦41
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      • 183 9 JULY OS Prmncs Actions Suum Aiucum* Br. as lao unch 15 Alusuua* Rm Brown Bov*n Br. Ctba 0*1© Br. Cite cxify P C «r .sr USA 1030 •1 unch 10 It Clb* Ocicr RatCradlt fTn'in Br 000 •1 220t 10 Credit SuImc fUf Elcktrovtlt Br. m wo unch •M
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      • 218 9 JULY OB rn CORBEILLE Air-Liquid* B 8 N Oernli Dmon* CW rrvicaiM Om Petrol** Compacnlc rmucitn 414 M6 364 ■U -15 ■ii 1M 10 •J Compaentt OxMralt Cndlt Fonctor D» Frtnc* 361 JO «M SO M -41 HAChrUt l UMtftf Z36 .4 Michlnc* Bull KIclMlln (B) sue (M •u
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      • 92 9 JULT 06 m FORWARD MARKET Altar 410 -15 Arkxl MO A«tiir too 14 Bmcu (10 Bra-Lamb 1000 10 Cock (It 4(0 •U 0 Ot BMTI 2* J Ebu 21(6 unch Etoctrotwl 0(10 10 Ob-lnno-Bm 306 IS (la iw -14 Hobo* WO -«0 P»tro 83(0 10 Ryi Dutch 1300 5
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      • 100 9 JULY 06 Lire Antr 32 unch A*»oc Qen ***** 4-170 Bastoft 731 Central* 5190 4-35 Put 3906 10 rtndder 148.75 23 Oen Immob tfryt 4-2 in Pn 2306 4 18 lulcemenu ***** 4JOO IUlf&a 719 49 IUldte 386 -1 UifMU M Pf 582 ♦3 MareUl Ere 385 4-5 Med
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  • Page 9 Advertisements
    • 184 9 Where to wine, dine and entertain VlHHUlilllllll "in JIkVS •Itn mm > m m IIHI 7*. HH .ir It, IF YOU'RE LOOKING FOR ASVPERB WEEKEND TREAT.. COME TO OUR POOLSIDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken or pork sausages from our own smokehouse.
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    • 189 9 n MI tub For drinking. For dancing. For delightful evenings. Music hy fiie'e />us Internetlotuil of l.othlofl. O/v n hours: SI llil R \f > isi nw\K IKI. SA I *)P\l SAM $!>'»> > V, IS I /)A7\A «'i»(nn l*iirk Siltciittoii ikfs) Siiipi|x>n» J ivy SHEBA'ON "•O t E_S ANC.
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    • 113 9 f v IkU Steah House Mirw-Q Try our Teppan-Yaki steak In our cosy, personalised atmosphere A truly mouth-watering delight And a time that you'll remember. Business Hours: Lunch 12.00 noon 2.30 p.m. Dinner 6.00 p.m. 10.30 p.m. -YAK I MINO-a Ist Floor, King's Hotel, Havelock Road. Singapore 0316. Tel: *****1.
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    • 145 9 8m Page 4 for Asian stocks Take a new look at the Harbour Grill. Treat yourself and your business associates to ap excellent lunch selected from our superb offering of choice US prime beef, our daily Nouvelle Cuisine specialities or let our executive Chef. Lao Waldemeier help you pick a
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  • DEALS DONE ON THE SES AND KLSE
    • 1080 10 BID and offer prices officially listed and business In and, reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
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    • 178 10 4 1/1% 1/8/80 (250,000) (90J0B 90.808) 4 S/4% 15/S 80 (250.000) (90 858 09.758) B S/4% 1/8/78-80 (250,000) (100.758 100 858) ft 1/2% 1/5/78-81 (250.000) (100.358 100 458) ft S/4% 1/8/78-81 (250.000) (100.488 100 588) ft 1/4% I/S/81 (250.000) (100.108 100 J08) ft% 1 ft/4/81 (250.000) (99.8&8 90
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    • 96 10 Striking prices of the options officially listed on the Stock Exchange of Singapore yesterday. the period, bids and offered prices and business done, if any, with the number of options traded shown in brackets. CoU Storage (Sept $1.85) (0 308 0.355). C C (Sept $2.35) (0.318 0.395). Haw
      96 words
  • 160 10 S pore Growth Fund IB L10 HNT.tNIU IINIT nu 8T (Manfffi' priM tar M 19) INCOME BOND UNIT The Commerce 1 w 2.11 Income Bond 1.U lit The Saving Fund 1.30 1M S pore Prof Fund on .99 S'pcre See. Fund 1.74 185 MARA BI MIPITRA S pore
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  • 2511 10 Gr'» Grt Net 1 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 220 -4 15.0 22 6.8 115 3 222 220 190' 123' Alcom 172 10.0 15 55 22.9 142 110
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  • 1286 10 BID and otter prices officially listed "and hiitinf la and reported to the Kuala Lumpur Stock Exchange yesterday with the number at share* traded riioarn in bracket* In lota ai 1.000 unita unless otherwise specified. INDUSTRIAL* Aran (2.1T8) Miiwrn (2 508) A Cher (1.30B) AMD (0.505) Bala
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  • 187 10 SINGAPORE Land has announced tbe following changes in the directorship of Arcadia Gardens Pte Ltd: Messrs S P Tao, Boon Yoon Chiang, David S Y Wong. C W Tresise, Brian Dickinaon, R D Kissin and T M Attwood have resigned from the board of directors on Jun
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  • 103 10 Worldwide Holdings Bid: AGM to be held at Room BI, Basement Floor, Bangunan Ingeniur, 6042, Jalan 52/4, Petaling Jaya, at 11.00 a.m. on July 17. Hotel Grand Ceatral Ltd: AGM to be held at the Conference Room, Hotel Grand Central Building, 22, Cavenagh Road, Singapore, at II.30 am
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  • 652 10 SENTIMENT CMltaied to rale easier to very quiet aai featureless trading at the Stock Exdunge of StagtpNc yesterday. The latest sews frsrn Slme Darby, along with the reeeat bearish developmeats, did have Its talr share sf dampening Influence sa the market. Investors generally received a
    652 words
  • 593 10 TRADING was extremely dull on the Kuala Lumpur stock market yesterday and prices drifted to another slightly easier close. Traders remained on the sidelines because of the lack of incentives. Total turnover was 1.72 million units worth $4.91 million as compared with 1.47 million
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  • COMPANY NEWS
    • 549 11 MALAYSIAN Plantations Berhad (MPB), which was listed on the Kuala Lumpur Stock Exchange yesterday, has been estimated to have total assets of M 573.4 million, giving it an asset backing of $1.44 per share. According to London stock analyst, Laurence, Prust and Company, who
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    • 737 11 NEW REFINERY KECK Seng (Malaysia) plans to streamline further its production this year by building a palm oil refinery with a capacity of 200 tonnes per day. The plant, which will cost about Mslo million, is expected to begin trial production late this year
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    • 502 11 CONSOLIDATED Plantations (Consplant) has turned in a record profit for the first nine months of the current year ended June 30, 1979, thanks to a 61-per cent jump in third-quarter profit to MS2I million. Unaudited group pre-tax profit rose 42 per cent to 573.97 million
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    • 97 11 BOVIS South-East Asia's three-for-five rights issue of 25.65 million shares of $1 each has been, as expected, u ndersu bscri bed. The trouble-plagued company disclosed that at the close of its offer, acceptances for 17.47 million shares had been received about 17.46 million represented acceptances by its parent company,
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    • 142 11 LEONG Huat Industries made its first turnaround since 1975 with a small net profit of 1250,397 for the year ended December 31, 1978 against a loss of $1.6 million the year before. But the way ahead is still uncertain. In his annual statement, chairman Soon Teck
      142 words
    • 146 11 PAN Malayan Holdings (PMH) expects "satisfactory" earnings for the current year after having reported a 12.8 per cent rise in group operating profit to $3.19 million for the year ended Dec. 31, 1978. Chairman. Mr Goh Tjoei Kok, in his report to shareholders says the second phase
      146 words
    • 349 11 THE Malaysian securities industry is lamenting the lack of a proper consultative vehicle for implementing the Industrial Coordination Act (ICA) and has proposed the abolition of certain duties and taxes to encourage investment. The industry, represented by the Kuala Lumpur Stock Exchange, has submitted a
      349 words
    • 486 11 Current Payment Ex Date Boohs Close Date Total for Total for Payable the year Previous year Kinta Kellm* Yeo Hiap Seng H K Tin 500% (n) 10*1 100% Jun 20 Jun 18 Jun 20 Jun 30 Jun 23 Jun 30 Jul 9 Jul 9 Jul 10 700% 10%
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    • 35 11 (a) Adjusted (or acrtp la*ue (b) First and Final (n) 2nd Interim (q) Include* TS< tpecial (I) Include* V- *peclal NY A Not Yet Available TE Tax exempted TF -Tax Free I Interim
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    • 496 11 TCMD3 by HOCK LOCK SIEW IT IS cmudn for a Urge conglomerate such u Sime Darby to "da a dozen ththgs at the same time," a senior company official once commented. And how right he wnn. Among other things, the gronp Is now in
      by HOCK LOCK SIEW  -  496 words
    • 101 11 has re- ported pre-tax profit for the half-year ended June 30, 1979 of MJ7.75 million as compared to $3.8 million recorded in the previous corresponding period Average selling prices for palm oil (per ton FXDB) is *1,400.77 ($1,242.92). palm kernel (per ton ex-mill) is $879.16 ($669.86) and
      101 words
    • 74 11 an- nounced pre-tax profits for the half-year ended March 31. 1979 of 1.28 billion yen as against 671.59 million yen. The company's president. Mr. Shotaro Uchiyama, said demand in the private sector finally began to show signs of rising because of the Treasury's investment in public-works projects,
      74 words
    • 88 11 sharehold- ers passed the resolutions that the name of the company be changed to Kuchai Development Bhd. One of its objects is to carry on the business of planters and cultivators of. and dealers in, rubber, oil palm, cocoa and
      88 words
    • 74 11 has reported pre-tax profit of M 523.5 million for the year ended Mar 31, 1979. This compares with $9.6 million in the preceeding year. The directors have recommended the payment of 350 cents per share, less 40 per cent tax (1977/78 65 cents). The total amount
      74 words
    • 143 11  -  Letter to the Editor Donald F M Sinclair Sir I have been approached by large Malaysian shareholders to oppose the Sime Darby Board's resolution as this will probably be the only opportunity for holders of 25 per cent of the capital to make their objections felt. I
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  • Page 11 Advertisements
    • 297 11 Singapore Glass (i«7«) Limited NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held m Pine Court 1 of Mandarin Hotel. 333 Orchard Road, Singapore 0923 on Friday, 27th July 1979 at 12.30 pm for the purpose of transacting
      297 words
    • 272 11 X SINGAPORE FODDER COMPANY LIMITED ft 4 OFFER FOR SALE OF 2,500,000 SHARES OF S$ 1 EACH AT S$ 1.55 PER SHARE OFFEROR SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED UNDERWRITERS SINGAPORE INTERNATIONAL MERCHANT BANKERS LIMITED UNITED CHASE MERCHANT BANKERS LIMITED Singapore International Merchant Bankers Limited is pleased to announce that as
      272 words

  • 422 12 TRADE UNIONS of the 1960s will have to take a different form to cope with the restructuring of Singapore's economy. Mr Lim Chee Onn, secretary-general of National Trades Union Congress disclosed this at the first triennial delegates conference of the Public Utilities Board daily-rated employees union
    422 words
  • 832 12 LONDON, Fri. Share prices closed slightly firmer in quiet trading, dealers said. At 3 p.m., the Financial Times index was up 2 points at 469.7. Industrial leaders showed gains of up to 5p although GEC recouped 6p of yesterday's falls following announcement of its results. Government bonds closed
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  • 552 12  -  By LEE YOKE MENG THE EMPLOYMENT situation last year continued on a very favourable note, with the unemployment rate declining to a record low. According to the recently released labour force survey for 1978, the unemployment rate was only 3.6 per cent against 3.9
    552 words
  • 441 12 THE first meeting of ministers of mines from free world tin producing countries in Jakarta next week is very likely to result in a strong and united stand by producers at the coming meeting with consuming countries. The first of these negotiations will be
    441 words
  • 120 12 AN emergency meeting between trade union leaders and the government to halt Australia's widespread industrial troubles ended today with nothing solved and bitter words from both sides. Industrial Relations Minister Tony Street called the meeting because of concern at a rash of strikes
    120 words
  • 492 12  -  By FOO CHOY PENG THE GOVERNMENT has recognised the need to form a tripartite body to implement the new economic development strategy. But there has not been any firm commitment from relevant authorities as to whether such a co-ordinat-ing body will be formed,
    492 words
  • 270 12 AVERAGE WAGES are unlikely to rise by more than 12 to 15 per cent this year, even with the implementation of the National Wages Council (NWC) recommendations. Dr Augustine Tan, MP for Whampoa and Associate Professor of Economics, University of Singapore, made this forecast during a Jaycee
    270 words
  • Page 12 Advertisements
    • 115 12 Leader... Pace 6 Wfß\ vv V 0 T 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
      115 words
    • 313 12 A 1 4'Probably the best espionage novel ever written.' Richard H Growald, UPI 'A major literary event... a marvellous tale of spies and intrigue spun with intricate skill by a master story-taller. A must.' PLA YBOY 'As fine a novel as he has ever written concise, ironic, acutely observant of
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  • Page 12 Miscellaneous
    • 60 12 WEATiHER Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report f*r 24 tours pri*r to 7J9 p.m. m July f at the alrpwt Maximum temperature 30.1 Associated humidity 76 Minimum temperature 22.6 Associated humidity 98 Hours of sunshine 4.50 Rainfall in millimetres 2.0 Total rainfall for
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  • LEISURE TIMES
    • 913 13  -  THE PASTORAL PAINTERS OF PENESTANAN By LEE YOKE MENG "WHAT'S in a name? That which we call a rose by any other name would smell as sweet," so wrote Shakespeare for his Juliet yearning for her Romeo. But names can be very deceptive as the "peasant painter" from
      913 words
    • 596 13  -  FILM REVIEW By MARGARET THOMAS IF YOU were one of those who lapped up the book Jackie Oh! or its newspaper serialisation, then you will certainly be one of those making the trip to the Jade cinema during the current season of IV Greek Tye*M and you
      596 words
    • 894 14 MOTOBITO with Hermes WHEN Fiat scuttled their V 6 130 flagship after only a short voyage, the 132 series suddenly became the best that the Agnelli empire had to offer. As it was then, the series had only the 1800 GLS and it was obvious
      894 words
    • 697 14  -  By TYE KIM KHIAT SO YOU want to give yourself a fighting (or sporting?) chance and pick a martial art? Before proceeding further, you might want to adopt a motto like "Never say die" to sustain you through the regime. Why? It is open
      697 words
    • 794 14 WEEKEID GOURMET MOST famous dishes have two, three, or possibly more "original" recipes that are jealously guarded by gastronomical experts. I have always considered this secretiveness as rather unfair for we have the right to enjoy the plaisirs de la table as thoroughly
      794 words
    • 545 14  - Malay food Aziza offers the real thing By RAHIM KASSIM THE mention of Malay food more often than not brings about images of spicy Indonesian dishes found in many restaurants in Singapore. They have dominated the local eating scene to such an extent that traditional Malay food served for ages
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    • PROPERTY
      • 540 15  -  By TSANG SAU YIN ONE OF the largest private hospitals in Singapore is rapidly moving into its final stages of completion, marked on the official schedule chart as the fourth quarter of this year. The brain-child of two entrepreneurs, Mr Goh Cheng Liang, who is also
        540 words
      • 507 15 ONE OF the newer property developers which have come on the scene is Comtech (Singapore), which has been set up by an exparliamentary secretary. Mr Ong Soo Chuan, managing director of the company retired from the political arena nine months ago. and as the
        507 words
      • 307 15 THE OWNER-developer of the Dynasty Hotel in Singapore, Tang Choon Keng Realty, has engaged world-famous interior designer Mr Don Ashton to create impressive interiors throughout the hotel. Decor of public areas and suites alone will cost $5.5 million. Mr Ashton, who has already started
        307 words
    • 786 16  -  By TYE KIM KHIAT LIKE A bomb-bay, it opened up in the still of the night. Dark as it was, it managed to "jettison" its load with metronomic regularity and mathematical exactitude into the bottom of the pit. Mother Nature, in conspiracy, had hushed the washing
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    • 1138 16 TERESA LIM FINDS ATHENS IS A GREEK SPELL DESTINATION NEARLY everyone I have met who has been to Athens has very little to say about it. "You shouldn't spend more than two days there," they tell me. "It's just a city" or "Yes, it's nice, but
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    • 363 16  -  SHOW BUSINESS By FRANCIS CHIN IT WAS Hollywood, Hollywood. from the Roaring '20s to Superman and Star War, as the Mandarin Kasbah celebrated the Fourth of July (American Independence Day. The pot-pourri of fun and caricature comedy began at midnight when "Marilyn Monroe" took the
      363 words
    • 1008 16  -  By JOHN LIM I REMEMBER the tote Ifi ss the time when Vietnam almost always dominated front pagM of newspapers. It was also the time whea heavy metallic reek groups like Led Zeppelin gave new dimensions to mask. Apart from this, there were speealations
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  • Page 13 Advertisements
    • 31 13 I got it... with the Kodak Colorburst 300 instant camera Rich wheels you can afford...Page n Choose a martial art II Property in Greek holiday IV James Taylor, fire and rain
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    • 250 13 Need extra prints from your instant pictures? Ask your dealer about Kodak Color Q Copyprints. 95C only. Now! The Buku Merah offers you an ever more effective way of selling your products and services In the Buku Merahs pink pages, classifieds business section It pays to be listed in the
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  • Page 13 Miscellaneous
    • 1182 13 WHAT WHERE FILM SHOWS THE Science Centre will screen two films at its lecture hall tomorrow at 3pm. The first, Proteins, explains what proteins are, how they work and why we need them. The second, The Living Lakes, shows how each lake has its own "web of life", with each
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  • Page 14 Advertisements
    • 245 14 SINGAPORE nllmunwKW MC(R <3?. 1 SA UJo'> "W- J-NF ITPRO S3OO "Okthiy I I Snoi CWy Tof* oSwg Shot** O-^ i 5 X -s>i2 I -x Pv <£ r We all need help sometime or other. But whenever we get it or not is another matter altogether. The June issue
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  • Page 15 Advertisements
    • 340 15 Mark your diary X iL 4 and make sure you have no other appointments for OCTOBER 11 12 On these two days Singapore will have its first ever conference on trading with China, the newest and arguably the most crucial and potentially lucrative factor in the equation that will condition
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    • 233 15 Property for Sale RIDGEUJOOD the Most Talked About Condominium in Singapore 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,
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  • Page 16 Advertisements
    • 252 16 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 range
      252 words
    • 84 16 A h s f Tribute to Hawaii Fiva-O 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 mes?
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