The Business Times, 21 July 1979
1979-07-21
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The Business Times
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Title Section10 1979-07-21 1 BUSINESS TIMES M.C.(P) No. 148/1/79 SATURDAY, JULY 21,1579 50 CENTS10 words
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BRIEFLY...
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Article85 1979-07-21 1 UPI NEW YORK, Fri. The stock market moved lower early today as the Federal Reserve raised the discount rate a half point to a record 10 per cent and the government reported a 3.3 per cent plunge in economic growth. Trading was moderate. The Dow Jones industrialUPI - 85 words
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Article61 1979-07-21 1 Reuter GENEVA, Fri. Vietnam today offered to start talks with the UN for the opening on Vietnamese territory, of a centre where potential refugees could be gathered before leaving the country legally. The offer was made by Vietnamese Vice Foreign Minister Phan Hien addressing the opening session ofReuter - 61 words
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Article36 1979-07-21 1 LONDON, FYi. A DCIO jet chartered by British Airways from Air New Zealand stood grounded at London's Heathrow Airport today following the discovery of a crack adjacent to one of the engine pylons.36 words
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Article42 1979-07-21 1 UPI TAIPEI, Fri. Taiwan's Foreign Minister Tsiang Yen-si said Friday overseas Chinese from Taiwan should take the initiative in contacts with Chinese from mainland China in order to "spread the seeds of democracy, freedom and human rights." UPIUPI - 42 words
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Article72 1979-07-21 1 Reuter KUALA LUMPUR, Fri. The Peninsular Malaysian consumer price index (base 1967) rose by 0.8 per cent to 167.2 in May, following a 0.1 per cent rise in April, and was 4.3 per cent above the May 1978 level. Statistic Department figures show. The rise was attributedReuter - 72 words
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Article56 1979-07-21 1 AFP LONDON, Fri. The British government will put up for sale to the public part of the stock of British Airways (BA), the state-run airline, Trade Secretary John Nott said today. He told the House of Commons that the government would at the same time relinquishAFP - 56 words
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Article58 1979-07-21 1 AFP BANGKOK, Fri. The United Nations has recognised the new Vietnamese-backed regime in Kampuchea, according to the Kampuchean news agency SPK monitored here today. The UN has so far regarded the the former Khmer Rouge regime, ousted from Phnom Penh last January, as the official government. Only 20AFP - 58 words
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Article65 1979-07-21 1 KUALA LUMPUR, Fri. A number of shipping lines serving the Straits Japan run imposed bunker surcharges following the oil price increase. Maersk Line said in a statement that it had imposed a 15 per cent surcharge effective last Sunday for shipments from Singapore Malaysia to East Asian ports.65 words
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Article141 1979-07-21 1 Rises Indices Hong Leong 346 22 Jul 19 Jul 20 Carlsberg 505 15 B.T. Index: 2278.37 2276.04 Kramat 390 14 Industrials: 383.81 384.04 Metro Hldgs 386 10 Finance: 692.31 695.50 Spore Glass 295 9 Hotels: 278.88 278.88 Sin Chew Keck Seng 408 268 8 8 Properties: 245.45141 words
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Article, Illustration140 1979-07-21 1 Rises Indices 1530 40 20 20 18 10 10 06 06 Jul 19 Jul 20 S Mai Tin B.T.Index: 3298.13 3280.18 A Amal 550 Industrials: 411.58 409.84 Malayan 1730 Finance: 614.02 615.42 Malex 352 Hotels: 254.54 254.54 Hong Leong 340 Properties: 239.17 238.54 Carlsberg 500 Tins: 205.20 205.22140 words
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Article739 1979-07-21 1 COLIN CHEE - PROTECTIONIST SENTIMENT By COLIN CHEE SINGAPORE'S economic growth this year is likely to be slower than last year's, says the Monetary Authority of Singapore (MAS). This is because growth in the industrialised countries, especially the US, is expected to slow down, leading to weak external demand739 words
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137 1979-07-21 1 AMOS William Dawe, founder of the Mosbert group of companies, yesterday lost his second appeal against bankruptcy orders made against him on Oct 27 last year. The Court of Appeal dismissed with costs his appeal in a reserved judgement. Dawe, now a Taiwanese citizen, was represented137 words
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750 1979-07-21 1 GOH ENG KEE - By GOH ENG KEE CONSTRUCTION of the Sumitomo petrochemical complex and new downstream plants, coupled with substantial public utility expenditures are likely to increase the industrial process controls market in Singapore by about 60 per cent over the next four years to US$2O million750 words
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222 1979-07-21 1 TRADING in China Engineers shares on the Hongkong stock exchanges was suspended for 24 hoars yesterday. "This was at the request of its board of directors/' said company's secretary John Grice. "The request was made because discussions witb its parent company, Sime222 words
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496 1979-07-21 1 LEE YOKE MENG - By LEE YOKE MENG COMPETITION from the Post Office Savings Bank is again intensifying, this time from the introduction of a new housing loan scheme. Under the new scheme called POSB Housing Loan Savings Scheme, POSB depositors who wish to take a housing loan496 words
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Page 1 Advertisements
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Advertisement9 1979-07-21 1 >US\\\VNV f-» Singapore business FOR PEOPLE WHO b~ MATTER9 words
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Advertisement245 1979-07-21 1 r y 11 m ITT We invite the Singapore business community to subscribe to the UK-based McCarthy Information Services at the same price as 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 distributed245 words
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Advertisement71 1979-07-21 1 Leader...page t miiua LEISURE TIMES NEW emporium at Baktt Tlmah. 2 in the 8i5.................................. 7 US may delay rice supply to ANOTHER Japanese offshore 1nd0ne5ia.................................. 3 bank c0ming............................. i GERMAN economy shows signs STOCK market report II of 0verheating............ S HIGHLIGHTS of seminar on soCOMPUTER use in Singapore cial responsibility71 words
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Advertisement27 1979-07-21 1 The well-balanced PPC Leader...page 6 FREEZOMINT The brand leading creme de menthe From CUSENIER HOCK TONG BEE PTE. LTD 347. Bukit Timah Road Spore 1025 Tel *****5527 words
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TRADE AND INDUSTRY
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Article433 1979-07-21 2 COURSES AND TALKS April 30-Aug 24: Tuition Courses for the Australian Insurance Institute Associateship, srrc, sitc June 22-Aug 18: Systematic training for effective parenting, Waterloo Street Centre, Dept of Extramural Studies July 23-24: Project Financial Investment Appraisal, Hyatt Hotel, Price Waterhouse Associates July 26-27: An Engineer's Guide to433 words
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Article, Illustration467 1979-07-21 2 TEO TECK WENG - By TEO TECK WENG PEOPLE S EMPORIUM has embarked on its first major expansion, nearly 12 years after it started an emporium in Geylang. The company will open its first branch at Bukit Timah Plaza next Saturday. The branch, occupying about 1,384 square metres, will467 words
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Article373 1979-07-21 2 THE KEEN competition among major companies selling heavy-duty timber logging trucks to Indonesia and Malaysia has prompted Renault Vehicles Industrials Singapore to set up its own spare parts distribution centre. This is to ensure that owners of the company's Berliet GBH Junglr trucks receive immediate after-sale373 words
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303 1979-07-21 2 MARKET PROSPECTS for furniture produced in the Far East are extremely good in the United States and Europe. According to Mr lb Overgaard of Scanstyle International, America imported US$272 million ($598.4 million) worth of furniture products last year. Singapore only captured303 words
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331 1979-07-21 2 EIGHT local timber dealers will leave Singapore earlynext month for a technical training pogramme, held for the first time for Singaporeans, in West Germany. The programme, from Aug 5 to 12, is jointly sponspored by the Hildebrand Organisation, specialsits in the manufacture of kiln331 words
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Article217 1979-07-21 2 THE annual National Management Game sponsored by the Singapore Institute of Management will be official opened at Hotel Equatorial today. The computer game, cosponsored by International Computers Ltd aims to improve skills in management decision-making. Decisions involving product manufacture and marketing, inventory levels and pricing among217 words
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Page 2 Advertisements
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Advertisement42 1979-07-21 2 Tips From Nights At The Turntable $3.00 a copy. <0 i&J? To be given away to readers of The Craft of Sound Further details, pick up a copy or call Irene at *****91 for subscription. Wpa a A Times Periodicals Publication win42 words
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REGIONAL
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582 1979-07-21 3 THE WORLD is heading towards a serious shortage of tropical hardwood. Primary Industries Minister Paul Leong warned. Citing World Bank projections. he said the growth rate of tropical hardwood production from 1976 to the end of the century is expected to be only 3.7 per582 words
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Article126 1979-07-21 3 JAPAN'S Transport Ministry in a white paper, expressed deep anxiety over the rising ratio of chartered foreign vessels in Japan's merchant marine. Japan's merchant fleet amounted to 65.320.000 gross tons in 1978, half of which comprised of chartered foreign ships. Of the total tonnage. Japanese-flag126 words
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Article, Illustration30 1979-07-21 3 Vietnamese refugees in China signing a collective petition to the Geneva Conference on Refugees protesting the barbaric oolicv of the Hanoi rhino New China News Agency photoNew China News Agency photo - 30 words
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394 1979-07-21 3 AP PRODUCERS and consumers in the International Tin Council were deadlocked over the the highly controversial issue of the the ITC's buffer stock range. The meeting broke up to allow for high-powered consultations in both producer and consumer camps. On Wednesday theAP - 394 words
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Article327 1979-07-21 3 Reuter. EXPORTS of coconut products could earn the Philippines more than USSI billion (552.15 billion) this year compared with last year's S9OO million. The Philippine Coconut Authority said volume of coconut exports would be as much as 20 per cent below laa year's, but coconutReuter. - 327 words
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370 1979-07-21 3 YUGOSLAVIA has offered the services of its shipping line and port, Rijeka, to speed up Malaysia's trade with Eastern Europe. Disclosing this. Yugoslavia's new Ambassador to Malaysia, Mr Lazar Musicki, said Rijeka would reduce the distance between Malaysia and Eastern Europe. thus saving370 words
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137 1979-07-21 3 AFP THE STATE-RUN Malaysian Railways has been allowed to operate through Thai territory to transport building materials to the east coast states of Kelantan and Trengganu. it was announced in Kuala Lumpur yesterday. Details of the plan were worked out by railway authorities ofAFP - 137 words
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766 1979-07-21 3 AFP THE United States might delay the supply of rice to Indonesia unless Jakarta could pay for the rice purchase in cash, officials of Indonesia's State Logistics Board (Bulog) said. Bulog chief, Brigadier General Bustanil Arifin, had been informed by theAFP - 766 words
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Article246 1979-07-21 3 UPI. JAPAN may tighten its oil conservation programme with a series of new measures including a ban on driving on Mondays. The new measures were proposed by officials of the Ministry of International Trade and Industry in a meeting with Prime Minister Masayoshi Ohira. The new measuresUPI. - 246 words
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Page 3 Advertisements
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Advertisement593 1979-07-21 3 NAROtyy m MOSCOW NARODNY BANK LIMITED INCORPORATED IN LONOON IN 1919 AS A PRIVATE LIMITED COMPANY BALANCE SHEET AS AT 31st DECEMBER 1978 1978 19m Capital Authorised: 40,000 t 000 ordinary shares of £1 each Issued: 40,000,000 ordinary shares of £1 each (fully paid) General reserve Profit and loss account593 words
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RAW MATERIALS
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Article355 1979-07-21 4 THE Singapore rubber market yesterday closed slightly higher with August One RSS buyers quoted at 296.50 cents per kilo, up four cents from Thursday's close, dealers said. Morning prices were marked up about two cents on weekend covering, reserve of sellers, speculative and uncountry buying, they said. Afternoon prices355 words
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Article432 1979-07-21 4 R A S prices in cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buvers Sellers Inl 1 R S S prompt fob 295 00 296 OON 299 00 300 00N Int 1 RSS. August 293 00 293.50 296.50 297 50 Int 1 R S.S.432 words
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Article120 1979-07-21 4 N'JON SSR and >MR pnce> vnt»rda> HAS August September (Current Mth) (For ward Mth) Buyers Sellers Bu> ers Sellers mi m 1 ton pallet 279 50N 281 toN 279 50 281 50N mm m < I t<>n pai.et 1 276.50 278.50N 276.50 '2?8.5oN MRELB SMR CV I120 words
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Article31 1979-07-21 4 Rubber: July 20 Singapore: August: 296.50 cents (up 4 cents) Malaysia: August: 297.00 cents (up 4.50 cents) Tin: M 51,970 (up $15) Official offering: 198 tonnes (down 3 tonnes)31 words
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Article95 1979-07-21 4 THE STRAITS tin price in Penang yesterday rose Msls to $1,971 a pienl. The price was aided by strong US and European buying in anticipation of higher buffer stock floor and ceiling prices from the International Tin Countil meeting, which ended yesterday, dealers said. Despite the continued weakness95 words
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Article372 1979-07-21 4 AFTER opening the week on a very dull note, the coffee market staged a strong rally towards the close of last week following a second frost scare in Brazil's coffe growing areas. The world market was expecting very cold weather shortly, and probably another frost. This set off372 words
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Article342 1979-07-21 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE 100 per cenl firsl class 'Kangaroo) new crop 095 100 per cent second class 0 85. 100 per cent third class 0 80. 25 per cent new crop no stock. B-10 per cent 0 70 THAI BROKEN A-super342 words
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Article70 1979-07-21 4 C I K North European ports, in US dollars per ton unles otherwise stated LONDON: Thurs Previous Malaysian 5Sffa bulk per tonne September 684slr 690slr Sumatra 5- (fa bulk Julyunch 705slr August TOOslr 702 sir September 692 sir 690pd 700slr 695pa October 690slr/ 68" 690pd697 sir 695pd Nigeria70 words
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Article202 1979-07-21 4 SUGAR futures trading yesterday closed slightly firmer in continued quiet trading with no trades registered as on Thursday, dealers said. September closed at 8.90/ 95 US cents against Thursday's 8.85 90 close. October at 9.20 25 against 9.15/20 with distant July at 10.70 75 against 10.65 70 cents.202 words
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Article189 1979-07-21 4 CHICAGO soybean futures on Thursday pared losses late to close down nine to 5 > US cents a bushel, some 10 cents above lows. Traders said losses were trimmed on short covering, mostly by locals, resulting from a last-minute rally in soybean oil futures and from rumours that Brazil189 words
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Article770 1979-07-21 4 TIN: Ended yesterday morning up £97 for cash and £100 for three months standard while high grade gained £97 and £90. The advance at Penang, covering against European physical demand and chart buying gave the market a firmer tone with three months trading up to £6830 during ring770 words
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459 1979-07-21 4 THE MARKET in the week ended July 19 experienced volatile trading conditions, with most operators being extremely hard pressed to keep up with the erratic price movements and changes of sentiment, says Holiday, Cutler, Bath ft Co. in its latest review of the Malaysian and459 words
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Article204 1979-07-21 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown> (otton ymrm: China Blue Phoenix 20s 2.280, 32s 2.815 40s 3.030 (per bale of 400 lbs). Ptccr cmmlm China Butterfly and Globe brand unq. Dragon Head unq Five Lambs unq. Flower and Butterfly204 words
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Article145 1979-07-21 4 WHEAT futures on Chicago Board of Trade closed down 15 to 10 US cents a bushel on widespread commissionhouse stop-loss selling. Traders said moderate exporter buying was not enough to offset selling. Talk that the US might be reluctant to permit expanded soviet grain purchases also contributed to the145 words
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ASIAN STOCKS
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497 1979-07-21 4 Tokyo Source: DBS-Daiwa THE market was bearish yesterday. centring on forerunning resources-related issues, shipping and some trading house issues in the morning. However, the Nikkei DowJones average closed the day with only a slight loss of 0 40 yen. since some energy-related issues includingSource: DBS-Daiwa - 497 words
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Article330 1979-07-21 4 Sources: SHK Sec Ltd After a fairly uncertain opening yesterday, prices moved sharply ahead, breaking through the 570 barrier for the first time this year. Blue chips led the advance with Hutchison the best performer. Prices were mainly bolstered by reports that the China Engineers takeover bid would beSources: SHK Sec Ltd - 330 words
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Article296 1979-07-21 4 THE stock market yesterday closed higher in moderate trading, dealers said. The Book Club index rose 2.59 points to 149.72 for a turnover of 63.8 million baht. Advances were registered for Capital Trust up 24 baht to 179. Ao Kham Thai rose 18 to 418. General Finance 12 to296 words
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Article310 1979-07-21 4 PRICES were a little easier on the share market yesterday but BHP's increased profit and a turnaround (or gold stocks kept trading active, dealers said. BHP reported a 119 per cent increase in profit to AJ178.74 million, but after much prepublicity and informed guesses, the figures came as no310 words
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Article114 1979-07-21 4 THE MARKET yesterday closed mixed with commercial and oil averages posting gains while mining declined, dealers said. JULY 20 Pesos Acoje Mining 007 0 0002 Atlas Con A Atlas Con B I 1880 unch Baguio Gold 0088 ♦***** Benguet Con B 24 50 -0 2 BF Goodrich 25 00114 words
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Article66 1979-07-21 4 FINANCIAL TIMES INDUSTRIALS Thursday 4719 Wednesday 472 0 Week Ago 469 8 DOW JONES AVERAGE INDUSTRIALS Thursday 827 30 Wednesday 828.58 Week ago 836 86 LONDON DOLLAR PREMIUM Thursday 19 to 20 Wednesday susp H.K.HANG SENG Friday 578.46 Thursday 567.05 Week ago 551.60 SYDNEY INDUSTRIALS Friday 488 0666 words
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Page 4 Advertisements
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Advertisement252 1979-07-21 4 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 Straits Times Directory of Singapore. Singapore businessmen have known that for the last 82 years and that252 words
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OVERSEAS
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Article729 1979-07-21 5 ARRIVALS Service Local Operator Number Time From SLA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN KUL CAL CI806 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP SLA SQ103 1045 KUL SLA SQ21I 1045 HLP MAS MH605 1045729 words
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WORLD IN BRIEF
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Article366 1979-07-21 5 Agencies THE SUEZ Canal Authority announced it was raising the transit tolls for bulk carriers and other vessels, but said tolls paid by oil-tankers and combined carriers would not be raised. Authority chairman Masshour Ahmed Masshour said the increase took effect from July 15 "in view ofAgencies - 366 words
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Article441 1979-07-21 5 NYT PRESIDENT Carter has proposed a reorganisation of foreign trade responsibilities that would give enhanced functions to the Commerce Department and the Office of the Special Representative for Trade Negotiations and remove the administration of import relief from the Treasury. The move was intended to liftNYT - 441 words
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Article324 1979-07-21 5 UPI WESTERN nations on the eve of the UN Conference on Indochinese Refugees doubled to 250.000 their offers of resettlement homes over a one-year period. "This means one of the major objectives of the meeting has already been achieved." said a spokesman for the UN High CommissionerUPI - 324 words
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Article518 1979-07-21 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Adhiguna Karunia (after Regina S) 27 28 Bontang (0530 after Tutong) 23 Dove (Tanker) (0830 after Jurate subject gas free P/ O) 15 16 Faurei (after Joo Hong) 13 14 Ibn Alroomi (after Dong Yun Yong Jin sails) 6/7 Kota Timur (after518 words
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Article198 1979-07-21 5 SOVIET charterers returned to the freight market with a keen interest in booking bulk carriers for periods up to 12 months' trading. They paid current firm rates for this business and consequently afforded the market with encouragement for maintenance of shipowners' returns for some time to come. Sovfracht198 words
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Article178 1979-07-21 5 THE US Justice Department has proposed legislation which would prohibit acquisitions by major oil companies of other firms with sales or assets of US$lOO million (SJ22O million) or more, unless it could be shown that these acquisitions would increase competition. The Justice Department said the178 words
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490 1979-07-21 5 Reuter THE WEST German economy is showing signs of overheating, particularly where its construction and building-related sectors are concerned, the Hamburg Economic Research Institute said. In its latest publication on economic trends, the institute noted the relatively vigorous mid-year upturn was carried by allReuter - 490 words
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Page 5 Advertisements
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Advertisement316 1979-07-21 5 V 4 <** w 0X mm 4 d '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-teller. A must/ PLA YBOY 'As fine a novel as he has ever316 words
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458 1979-07-21 6 IT IS not unreasonable to say that certain financial institutions in town are now beginning to apply some imagination to the credit schemes they offer customers. If Hong Leong Finance s graduated payment mortgage scheme and Credit POSB's housing loan savings scheme are anything458 words
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Article259 1979-07-21 6 THE MONETARY Authority of Singapore has been always conservative in its. forecast of Singapore's economic fortunes. This time, true to form, the authority in its annual report has said that the economy's performance this year will not be as good as last year's. While the259 words
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Article1621 1979-07-21 6 KENNETH GOODING - A RECENT seminar dealt with the question of the social responsibility of corporations in Singapore. Meanwhile, in America, the multinational giant General Motors has appointed its first director of international social action. KENNETH GOODING talks to Bob Price. KENNETH GOODING FT 808 PRICE, the AmericanFT - 1,621 words
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Article960 1979-07-21 6 KEVIN RAFFERTY - FOREIGN businessmen from leading industrial countries are flying in to Bangladesh. This time they are coming for business and not to mop up after a disaster. KEVIN RAFFERTY reports. KEVIN RAFFERTY FINANCIAL TIMES NEWS-FEATURES A BABEL of Asian languages fills the lobby of the Intercontinental Hotel, Dacca,FINANCIAL TIMES NEWS-FEATURES - 960 words
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Page 6 Advertisements
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Advertisement116 1979-07-21 6 A PENGUIN BESTSELLER m V 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 deliheates the conflict and confusion arising from the almost enforced mingling of cultures. Time116 words
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Page 6 Miscellaneous
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Miscellaneous1336 1979-07-21 6 irBBHWIBII Teeny-boppers' joy IT'S c rose-the-miles-wlth-s miles time again! Bark to our little boxes in the Satarday night musical slot come those kids with the teeth and lives as pare and white as lamb's fleeee Donny and Marie. Teeny-boppers will shriek with glee bat the more adult amongst yon may1,336 words
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Article1506 1979-07-21 7 GOH ENG KEE - COMPUTER systems will be a major feature of Singapore business and industry in the 80's, but so far it is the Government which has been the leading end user of such systems. GOH ENG KEE reports. GOH ENG KEE THE SINGAPORE GOVERNMENT will continue to be1,506 words
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803 1979-07-21 7 William Satire - FORUHi With William Satire NYT IN A flurry of speeches and background messages to newsmen. Jimmy Carter accused the American people of being self-indulgent, materialistic and morally dispirited. This from the man who promised to provide "a government as good as the people."NYT - 803 words
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Article315 1979-07-21 7 WE are indebted to the Financial Weekly for this next little story: Rainy days in the Eurodollar market? In the wake of the recent bout of dollar weakness on the foreign exchanges, Tokyu Department Stores of Japan appears tc have lent a new meaning to exchange315 words
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Page 7 Advertisements
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Advertisement279 1979-07-21 7 from Penguins Wthe -y. Dear Me: Pefer Ustinov This is a brilliant book. It is extremely funny: there are hilarious stories about Sir Ralph Richardson and Sir Laurence Oliver (both of whom Mr Ustinov treats rather unkindly), and even more comic ones about Ernest Bevin and J.B. Priestley. The recurring279 words
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Page 7 Miscellaneous
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Miscellaneous59 1979-07-21 7 BriStcOT:Fraqfcl)ickeas ,PL£.PISC we GORDON Blue i?> BCisfou; or BuvinG 1 |v\ R«NG>NG t 0 fOC BeMP\ViOuR PiT I LONCMTime IOMfcM I UftS so R.UDC P>BOoT V/OUR- AT U)*S <IMD Of yovj To PiLLTt-IRT m£_ p»Nio roy COMCHJCT iNe*CUSP\Bu61 P>ro H-tGPe.Fof?£- Pbepp»?€D TO p, e i "pkMD or Pie. NbuC PpiSTRY59 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article253 1979-07-21 8 JULY 19 Frs CORBEILLE Alr-Llqulde 477 4-20 B S N Gervals Dtnone MO -4 C S F (ThomsonCsf) 364 4.8 CI* Francalse des Petroies 188-20 -09 Compafnle Flnanclere Compajnle Oenerale 1MIW 3-5 Credit Fonrler De France 474 -ua Hachette Llbralrle) 221*d -45 Machines Bull 55.00 -0.3 Mlchelln (B) 958253 words
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Article175 1979-07-21 8 JULY 19 Francs Actions Sulsses Alusutsse Br. 286 unch Alusulsse Reg Brown Boverl Br Clba Oeigy Br 483 Z 1236 1 •S Clba Getgy f C Cite Gelgy Reg Credit Suisse Br 886 678 2306 unch S IS Credit Suisse Ret Elektrowmtt Br Oeorte Fischer Br 425 2020 485175 words
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Article210 1979-07-21 8 Aef-Telefunken Akao Alls Leben 40.50 25 30 745 00 ♦ai unch All* Van Bay H T Wbank Bay Vbank 44® 00 136 TO 247 OOB aos oo 41 -0 4 -1 Bayer BBC BMW Cassella 12S90 m oo 1M00 MS OOB 4U •s Chem Verw Commersbank Conll Oumml Daimler-Bens210 words
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Article196 1979-07-21 8 JULY 19 Fls ABN ***** 10 Ahold 90 SO 2J Akao 27 90 0.4 AMEV 91 00 2.C Anfis 112.70 0.9 Am rot Btnk 72.40 3.7 Bergoss 57 00 4-4 Berk 9650 13 Bols 64 70 2.9 BorsumlJ 166.00 -2 Burhmann 6270 0.7 Byenkorf 66 10 0.6 Calve Delft196 words
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Article82 1979-07-21 8 JULY 11 1 FORWARD MARKET ActC 425 36 Arbed 2585 unch Mt ■4 Braacan SM 1810 15 118 t riwk 4(0 unch D* Beers 344 -8 Ebn 2186 unch Electrobel 8810 Ob-lnno-Bm 2<>nn n« ra Hobok P*tro RtI Dutch E3'*'■ H 8klro 8oc Gen Belf Softn* woo im 366682 words
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Article96 1979-07-21 8 JULY 19 Lire AnbAaaoc Ocn *****x0 500 738 15 Central* 5350 4 100 n.t 4-36 ruutdar 14ft 4A -4.25 Ocn lmmot) t0 50 4*3 in Prl 2306 40 luicemenll *****x4 -310 IUlgM *44 ♦0 I Hinder 910 -10 Ma«neu M PI 506 4-6 Marvlll Ere 306 0 Med lob96 words
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Article1204 1979-07-21 8 NEW YORK THE STOCK market ended mixed in moderately active trading on Thursday, despite surprising news. Late in the session, there were reports that President Carter would name Federal Reserve chairman William Miller as Treasury Secretary, replacing Michael Blumenthal The White House was expected to make a1,204 words
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Article227 1979-07-21 8 JULY IS CI ADItlhl 1|V» H Alcan 38 H .11 A1 go ma 27* -ft Bant Mont 241* 4- H Bank Nora Scotia Ml* H Bell Tel 21H ill Beth Corp BP Can Ltd 27 id Brascan 22* unch Camp Red Lake 22 W Can Imp Bk 271. unch227 words
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Article311 1979-07-21 8 JULY 1> Rand INDUSTRIALS A Alpha Abercom AE And CI 160 230 430 4-2 unch -5 AMir Barlow* Cf Sutmr Hi* 1430 565 645 unch unch BOB Cum* finance M unch De Beer* Ind Edcon Edftn 330 4000 unch unch EveT^d* Ted Volk 200 unch FUflt 120 -A Oardian311 words
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Page 8 Advertisements
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Advertisement532 1979-07-21 8 See Page 4 for Asian stocks Where to wine, dine and entertain §l>ll rt w f itm lO r~ —St v Weekday 4« 5# 4 i m V For drinking. For dancing. For delightful evenings. Music b\ Bacchus International of London. Open hours: SI'S THL'R9PM 2AM Sl2(><> 1% IST DRI\K532 words
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BANKING AND FINANCE
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267 1979-07-21 9 Reuter FRENCH convertible currency reserves fell 683 million francs to 30.89 billion in the week ended July 12, mostly reflecting the deposit of a further 561 million francs equivalent with the European Monetary Cooperation Fund (Fecom), the Bank of France said. The deposit was inReuter - 267 words
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426 1979-07-21 9 By Our Reporter THE MARKET for Asian dollar floating rate negotiable certificates of deposit (FRCD) has been placed on a new footing following the latest test offering by Dai-Ichi Kangyo Bank. The Singapore branch of Japan's largest bank late Thursday evening issued426 words
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Article300 1979-07-21 9 RUTH CHENG - By RUTH CHENG THE DAIWA Bank Limited is opening an offshore branch in Singapore later this year, bringing the total number of Japanese offshore banks in Singapore to six. The branch will deal in offshore business such as funding operations in the Asian Currency Unit (ACU) market,300 words
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MONEY AND EXCHANGE$
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Article359 1979-07-21 9 GOLD futures in Singapore yesterday closed generally easier after huctuating marginally throughout in moderately active trading, dealers said. Turnover rose to 244 lots from 176 on Thursday with interest centred on August, October and December contracts, they said. August closed lower at US$3Ol.lO 40 an ounce compared with $302.20359 words
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Article441 1979-07-21 9 THE US dollar closed generally firmer aga nst Tiajor currencies yesterday. Sterling registed a similar movement upwards against the dollar. Against the mark, the US dollar opened at 1.8080 90. It then eased to 1.8060 70, before firming again to close at opening levels. The US dollar started441 words
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Article21 1979-07-21 9 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 8.25 per cent.21 words
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Article97 1979-07-21 9 THE US dollar for overnight delivery yesterday closed at 216.00 yen, unchanged from the opening level but up sharply from 214.90 at yesterday's close. Trading was quiet with a volume of US$39l million. The dollar fluctuated between 216.00 and 216.15 yen in thin, nervous trading, dealers said. Fapanese operators97 words
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Article50 1979-07-21 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from July 23 to July 27: Offered: $15,000,000 Applied for: $61,000,000 Allotted: $15,000,000 Accepted bids: $98.86 approximately 50 per cent; higher bids in full. Average rate of discount on allotment: 4.575 per cent per annum.50 words
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Article204 1979-07-21 9 Asian rates ASIAN currency deposit interbank rates as at close on July 20: IS Dollar*! Spot) Offer Bid 7 days 10 11/16 10 916 1 months 117/16 115/16 2 months 111/16 1015/16 3 months 11 11 6 months 11 11 9 months 10 15/16 10 13/16 12 months 10 10204 words
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Article54 1979-07-21 9 RANGE of prices offered by discount houses on July 20: Overnight 3 to 4 i'» Call deposits 4 CM* Buying Selling 3 month Treasury bills 4 11/16 4 9/16 3 month Bank bills 7 7 l 3 month CD 7 5/16 7 3/16 6 month CD 7 7'. Source:54 words
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Article119 1979-07-21 9 THE US dollar yesterday firmed against most major currencies in quiet, late trading but was still slightly below Thursday's New York closing levels, dealers said. The US unit was quoted at a late 215.90/216.00 yen from the morning's 215.80 90 and New York's 215.90 216.10 close, at 1.8080 86119 words
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Article415 1979-07-21 9 THE DOLLAR yesterday opened well-underpinned in early foreign exchange maket trading, steady to firm on overnight levels and under no pressure in thin early trading, dealers said. The dollar's relative firmness appeared to reflect a wish to square positions before any possible news developments over the weekend, they added.415 words
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380 1979-07-21 9 Reuter THE LATEST sarge In monetary aggregates, while larger thaa expected, la net seen as leading to an Imminent firming In menetery polley, New York market analysts said. At the same time, though, the aaaiysts believe the continued sharp expansion InReuter - 380 words
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Article, Illustration760 1979-07-21 9 Reuter WILLIAM Miller, appointed by President Carter to replace ousted Treasury Secretary Michael Blumenthal. said on Thursday that his top priority will be to continue the war on inflation "the greatest threat to our nation." Miller was speaking before the Commonwealth Gub inReuter - 760 words
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524 1979-07-21 9 Reuter THE EEC Commission welcomes Britain's decision to relax controls on direct investment in foreign commercial and industrial operations by UK companies and citizens, a commission spokesman said. The commission said the decision brings Britain into line with other EEC member countries whichReuter - 524 words
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455 1979-07-21 9 Reuter SWISS bullion bankers believe the gold price is basically still tending strongly upwards after passing the US$3OO-an-ounce mark. The bankers do not rule out a brief reaction downwards. But if this happens, the price will soon pick up again and headReuter - 455 words
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Page 9 Advertisements
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Advertisement0 1979-07-21 9 `!\=',.[^]&?(:%[<}*(|>|_&!`!'*?0 words
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Article1296 1979-07-21 10 In Singapore 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 quoted1,296 words
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Article166 1979-07-21 10 S pore Growth Fund in LIS SING APORE I'NTT TK18T INCOME BOND I NIT 1 i tor Jal 0) (Cairaat pri kca) The Commerce 203 2.15 Income Bond 1.11 1.1S The Saving Fund 1.33 1.41 S pore Prog Fund OK 1.00 S pore Sec Fund 1.1S 187 MABA166 words
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Article2528 1979-07-21 10 Gr's Gr's Net 1979 Last Div Div Y'M P E Vol Day High Low Company Sale or- C'vr COOOl High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 230 15.0 22 6.5 11.7 190* 123* Alcom 173 10.0 1.3 5.7 23.0 142 110 Allied Choc 135 12,528 words
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Article187 1979-07-21 10 4 1/2% 1/8/80 (250.000) (99 JOB) 4 3/4% 15/9/80 (250,000) (99 658 99.758) 5 3/4% 1/8/78-80 (250.000) (100 758 100.85S) 5 1/2% 1/5/79-81 (250.000) (100.358 100 458) 5 3/4% 1/9/79-81 (250.000) (100.58S) 5 1/4% 1/3/81 (250.000) (100.108 100.20S) 5% 15/4/81 (250.000) (***** 99.758) 5% T F 1/5/83 (250.000)187 words
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Article93 1979-07-21 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. Coid Storage (Sept $1 85) (0.28B) (1) 0.36. Haw Par (Sept $120) (0.328 093 words
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Article1567 1979-07-21 10 BID and otter prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in (rackets in lots of 1.000 units unless otherwise specified INDI STRULK Aram (2.228) Aleam (1 7CB 1 80S) (1) 1 761,567 words
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Article120 1979-07-21 10 Apalla Enterprises Ltd: EOGM to be held at 18th Floor, Apollo Hotel. 405, Havelock Road, Singapore, at 11.00 am on July 23. Fraaer ft Neave Ltd: AGM to be held at the OCBC Centre, Chulia Street, Singapore, at 12 noon on July 26. This will be' followed immediately120 words
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Article, Illustration740 1979-07-21 10 SHARE prices were little changed at tbe close of trading at the Stock Exchange of Singapore yesterday. Trading was quiet throughout as investors once again withdrew into the background, leaving the market to sort out its technical position on squarrlng up accounts. Observers still believe740 words
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Article581 1979-07-21 10 ALL was quiet on the Kuala Lumpur stock exchange yesterday as investers withdrew to the sidelines to take stock of the market after the strong midweek rally. Except for a few counters, prices of most traded counters moved within narrow margins to close slightly easier.581 words
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COMPANY NEWS
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Article214 1979-07-21 11 MALEX Asbestos Cement considers the outlook for the current year to be bright and the company looks forward to another satisfactory trading year. The emphasis on low-cost housing in Malaysia boosted Malex profit last year. Chairman Tan Sri Haji Mohamed Noah said in his latest annual214 words
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280 1979-07-21 11 MAGNUM Corporation has acquired a further 4.524 million shares of $1 each or 20 per cent interest in West Country Sdn Bhd. raising the group's stake to 44.23 per cent. The purchase from trouble-ridden Bovis (South East Asia) follows soon after an announcement280 words
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Article, Illustration701 1979-07-21 11 CATHERINE ONG - F N drinks to produce profits HIGHER SELLING PRICE By CATHERINE ONG FRASER Neave's soft drinks operation may turn in its first-ever profits this year as a result of the increase in soft drinks prices early this year. Expressing this optimism, company secretary I A MacLean said: "Following the increase701 words
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Article394 1979-07-21 11 THE recovery of the Malaysian housing market has been extended from low-cost houses to better qualityhouses and this buoyancy is expected to continue for several years. The better environment was reflected in Bandar Raya's group pre-tax profit which rose by 55 per cent last year to $1.38394 words
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Article280 1979-07-21 11 T.S. Lim - T.S.Lim Sir. At the time when Guthrie Bhd came to the public for funds to expand its activities. it considered its new shares to be worth a premium of $1.50 each. On the investment of $2.50 a share, events over the years to date have shown280 words
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Article351 1979-07-21 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previoua year H Kawan 5% I Jun 11 Jun 21 Jul 21 5% 12.5% l.ien Hoe 7.5% I Jun 7 Jun 19 Jul 23 13.5% 12% Mai Flour 6%TE(b) Jun 13 Jun 25 Jul351 words
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Article106 1979-07-21 11 Company Particular* Ex Date Book* Cloae Yeo Hiap Seng Bonus Issue of 1 for 3 Rights Issue of 1 for 3 $2.25 per share Jul 24 Jul 31 Spore Gla«s Bonus Issue of 1 for 5 Jul 26 Aug 2 B Semb Bonus Issue of 3 for 1106 words
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204 1979-07-21 11 FRASER and Company feels the stock market is likely to drift this month as investor sentiment remains cautious to bearish. The stockbrokers' comments. contained in its latest circular, follow an 8 per cent rise of market values since the start of the year to204 words
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261 1979-07-21 11 OLYMPIA Plywood and Timber Products has reported reduced mid-term earnings following lower plywood output caused by a log shortage. Unaudited pre-tax profit for the half-year ended April 30. 1979 fell 5.2 per cent to M 5408.630 Sales dropped 2.7 per cent to $6.03261 words
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Article432 1979-07-21 11 W833 by HOCK LOCK SIEW THE price of robber and palm oil have assumed major importance in the behaviour of the stock market. Poor of the top ten companies ranked by capitalisation are plantations. So says the research analyst of a leading broking firm.by HOCK LOCK SIEW - 432 words
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Article72 1979-07-21 11 has reported unaudited pretax profit for the six months ended Jun 30, 1979 of 5J450.031 compared with $403,594 the previous corresponding period. During the period, operating income rose 7.35 per cent to $2.13 million as against $1.98 million previously. Average room occupancy declined by 2.3 per cent72 words
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74 1979-07-21 11 said its subsidiary. Landbanq has entered into a contract on July 10, with Oriental Holdings to sell to the latter, a piece of land in the North East district of Penang. for a total consideration of $3.63 million. The sale is subject to the approval of74 words
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Article74 1979-07-21 11 announced that its unaudited group pre-tax profit for the half-year ended April 30 1979, amounts to $3.48 million, representing an increase of just over 20 per cent from last year's $2 89 million. Although the group is in a very liquid position, the directors feel that, in74 words
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Page 11 Advertisements
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Advertisement458 1979-07-21 11 Business Times' National Day Feature: m ♦a r x ry 19 8 J* This year's National Day feature will carry a thought-provoking and possibly controversial theme: the New Society that is being built on the industrial ba3e now being constructed. What will the impact of the latest NWC recommendations and458 words
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401 1979-07-21 12 KOH TSE YING - By KOH TSE YING SINGAPOREANS must look to organisations in the public sector to set the direction and pace for the improvement of their social lives. Mr Robert lau, a member of the governing council of the Singapore Institute of Management,401 words
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486 1979-07-21 12 CHOO AI LENG - By CHOO AI LENG THE MAJOR problems facing corporations who recognise that they have a social responsibility to the community are to define the scope of that responsibility and to identify the areas in which they should expend their funds and efforts. Speaking486 words
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Article836 1979-07-21 12 LONDON, Fri. Share prices closed barely steady in quiet trading today .dealers said. At 3 pm, the Financial Times index was down 0.4 at 471.5. Leading industrials, initially slightly firmer on bear covering. returned to overnight levels. LJ«yds Bank finished on balance 2p easier at 331p following its836 words
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335 1979-07-21 12 Reuter SINGAPORE'S Foreign Minister Mr S Rajarataam doubted whether the H-aatioa coafereacc on ludochlnese refugees la Geneva would succeed any more than two previous UN efforts, at the ead of last year and again early this year, In solving the refugee crisis.Reuter - 335 words
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Article83 1979-07-21 12 ELECTRICITY production in Singapore is expected to be about 6 billion kWh this year, a far cry from the 200 million kWh in 1954. Speaking at the official opening of a new power system control centre at Ayer Rajah, Mr Chin Ham Tong, Parliamentary Secretary (Home Affairs), pointed83 words
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Article, Illustration141 1979-07-21 12 WILLIAM Miller, now chairman of the US Federal Reserve Board, said he will "mobilise an arsenal of weapons against inflation" when he takes over from Treasury Secretary Michael Blumenthal. But it is unlikely Mr Miller will try to pursue policies very different from Mr Blumenthal's. "SuddenUPI photo. - 141 words
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432 1979-07-21 12 HSUNG BEE HWA - By HSUNG BEE HWA AN IMPROVEMENT in the British gilt edge market may be expected in the next eighteen months and countries may do well to switch from US holdings to British ones. This was suggested by Mr Roger Nightingale, the group chief economist432 words
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343 1979-07-21 12 AFP A TWO year old textile trade dispute between Hongkong and Norway has erupted again with Hongkong lodging its second complaint with the Council of the General Agreement on Tariffs and Trade (Gatt). The complaint is against alleged discriminatory Norwegian import curbs on Hongkong-made garments.AFP - 343 words
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Article130 1979-07-21 12 THE DIRECTOR general of the Malaysian Timber Industry Board (MTIB), Encik Abdul Razak Majid, has left for Pasir Gudang. Johore, on Thu.sday to find an on-the-spot solution to the shipping problems which have held up the Board's takeover of the new timber terminal at the port130 words
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Page 12 Advertisements
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Advertisement435 1979-07-21 12 Singapore Glass (1074) Limited 18 July 1979 Dear Shareholders BONUS ISSUE 1 FOR 5 The company is pleased to advise that The Stock Exchange of Singapore Limited and The Kuala Lumpur Stock Exchange have approved the listing of the additional shares arising out of the proposed bonus issue on the435 words
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Advertisement143 1979-07-21 12 oi (i a Let Runner's World w,th th ousandsand thousands of pup-Is all over the v,0,1d teach you hot, to tun trom the SHAPE FOR THE RESlur YOUR LIFE Also included medico/ advice, diet and nutrition Also ask 10, RUNNERS World Books It Complete Marothoner 2) Fitness After Forty jJ^HsSZ?143 words
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Page 12 Miscellaneous
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Miscellaneous61 1979-07-21 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers around midday. Report for 24 hoars prior to 7.31 p.m. on July 2$ at the airport. Maximum temperature 30.4 Associated humidity 70 Minimum temperature 22.9 Associated humidity 96 Hours of sunshine 9.30 Rainfall in millimetres Trace Total rainfall61 words
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LEISURE TIMES
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Article, Illustration1266 1979-07-21 13 TYE KIM KHIAT - LAND OF THE BIRD OF PARADISE DESTINATION By TYE KIM KHIAT TIME AND TIDE waits for no man but it has made an exception Papua New Guinea; so I learnt at the end of a swing of this rugged land of pristine beauty. Small wonder, then,1,266 words
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Article521 1979-07-21 13 COLIN CHEE - By COLIN CHEE THE biblical version of the world's creation as told in the Book of Genesis is perhaps the best known among stories on the sobject. Bnt, through the ages, men have woven other stories around the creation. The Chinese, for instance, are no exception,521 words
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685 1979-07-21 14 FT IN CALIFORNIA, a country where it seems almost everybody can afford to buy a Cadillac or a Mustang, the Clenet Roadster, a classical four-wheel sculpture modelled in Santa Barbara, brings back to a few fortunate and very wealthy connoisseurs the GoldFT - 685 words
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Article, Illustration1011 1979-07-21 14 LUXURY ON WHEELS MOTORIHfl with "Hermes SOME gaped. Others wowed, and a few more did the near impossible, they swivelled their heads 180 degrees around, just to keep the car in their sights for a few more moments. While they relished, I languished in the dual-tone beige1,011 words
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Article, Illustration252 1979-07-21 14 DO IT the way the oil-rich Arab sheikhs do. Do it the way those who shop in Rodeo Drive in Beverly Hills do. Bny yourself a Gucci signatured Cadillac Seville. If yoo think yonr Mercedes 45t or your i Porsche 928 is too common, too252 words
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552 1979-07-21 14 RAHIM KASSIM - Yoga art, science or a religion? By RAHIM KASSIM "OH I DON'T need yoga. Its only for ladies who want to get rid of excess fatSj isn't it?" said one of my female colleagues whom nature had been kind enough to endow with a slim and petite figure; Her response552 words
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Article, Illustration668 1979-07-21 16 LEE YOKE MENG - AVANT-GARDE is no strange artistic term. It is a journey through the mind, mysterious and absorbing, writes LEE YOKE MENG. LEE YOKE MENG. MODERN art forms have become so varied these days, most people tend to view them only in their respective schools of thought.668 words
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Article, Illustration429 1979-07-21 16 FRANCIS CHIN - Belting out the hits Japanese style By FRANCIS CHIN YUKI KATSURAGI is one Japanese singer who makes you wish you had studied Japanese so as to enjoy her singing better. Now performing at the Tiara Supper Club (showtime 10.30pm), Yuki belts out song after song in Japanese and English. Sometimes429 words
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Article, Illustration937 1979-07-21 16 FLOWERS BEFORE DEATH NYT ONE OF the most beautiful species of bamboo, called "umbrella," has begun to blossom for the first time in 100 years in Northern Europe and will soon bloom throughout the United States and the rest of the world. After that, all theNYT - 937 words
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Article, Illustration722 1979-07-21 16 RUTH CHENG - FILMS By RUTH CHENG A CONTEMPORARY love story marked by simplicity and honesty that speaks directly to the heart this is the movie Vakes. coming soon to Orchard Theatre. Let me tell you that the title misleads except perhaps in the world where no voices exist722 words
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Article92 1979-07-21 16 THE Singapore FUm Society will screen Americandocumentarist Frederick Wiseman's Canal Zone at 6.31 pm at the Cultural Centre today. The society will also show a video cassette interview with Wiseman by David Denby as background to Canal Zone. This interview will be screened at 5.M, with a half92 words
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Page 13 Advertisements
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Advertisement40 1979-07-21 13 Kodak is... FILM CAMERAS PROCESSING PROJECTORS CHEMICALS PHOTOGRAPHIC PAPERS PHOTOGRAPHIC ACCESSORIES Koda* (Singapore) Pir Um«M 305 Aie«andra Road Sngapo'e 3 Te< *****1 That eXtra from Datsnn...Page II Four-wheel sculpture II Property 11l Bamboo's beautiful secrets....lV Give Avant-Garde a try IV40 words
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Advertisement175 1979-07-21 13 Kodak also is... MICROFILM GRAPHIC ARTS MOTION PICTURE FILM BUSINESS SYSTEM EQUIPMENT AUDIO VISUAL EQUIPMENT KoM (Singapore) Ptr ItHM 305 Aie«»n»a Roao Singapore 3 Te» *****' FYeview the new Britannica 3 f t t Get one of these Bantam/Britannica books FREE! Xr!r Bantam/Britannica books on (1) The Arabs; (2) The175 words
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Page 13 Miscellaneous
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Miscellaneous1053 1979-07-21 13 WHAT WHERE FILM SHOWS Sa'hMM Miwum will be screening four colour in today at 10 45am. Physiology and *V *—i a UtilM, Invention of Photography, Iw rwiftn and Migratory Birds of Africa a» >mi at rtor French Embassy. Admission to ahnut an hour, is free and on a first- *rm1,053 words
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Page 14 Advertisements
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Advertisement79 1979-07-21 14 THE ASEAN REPORT (in two volumes) -V r mmmmm atesSi 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 PMCE: Ss27sf per set (free airmail delivery from Hongkong) i «U| TkN*** 0 ;J79 words
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PROPERTY
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Article, Illustration601 1979-07-21 15 TEO TECK WENG - A recently completed block of modern apartments has experienced brisk sales. One influencing factor has been its convenient location. TEO TECK WENG takes a closer look. TEO TECK WENG APARTMENTS at Sherwood Towers, Bukit Timah Plaza's residential wing, have rightly been described as the most601 words
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Article, Illustration211 1979-07-21 15 CONSTRUCTION work has begun for Golden Sultan Shopping Complex, a $25 million shopping-cum-entertainment scheme which was successfully tendered for in the previous Urban Redevelopment Authority sale of sites. The projects main contractor, Ong Chwee Kou Building Contractors, expects to take 22 months to construct the nine-storey211 words
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Article, Illustration88 1979-07-21 15 OCEAN AND Capital Properties, developer of Bokit Tlmah Plaza and Sherwood Towers, has appointed Mr Chan Kin Fai (right) as manager for both the shopping centre and its residential wing. Mr Chan, SI, Joined Ocean in mid-February this year after nine years with the Housing and Development Board88 words
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Article980 1979-07-21 15 TSANG SAU YIN - By TSANG SAU YIN j THE QUANTITY surveyor (otherwise known as QS) in Singapore does not enjoy the dignity and status of his counterparts in Britain and. to a lesser degree, even in Australia. Techniques available in Britain have not yet emerged here and the local980 words
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Page 15 Advertisements
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Advertisement328 1979-07-21 15 Mark your diary X iL 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 the328 words
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Advertisement144 1979-07-21 15 Property for Sale RIDGEUJOOD the Most Talked 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,144 words
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Page 16 Advertisements
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Advertisement69 1979-07-21 16 WHY PAY NEWSSTAND PRICES FOR THE JOURNAL Subscribe today and save more than 20% off the newsstand price.... Just complete the coupon below and mail it, together with payment, to: Times Publishing Bhd. AWSJ Subscription Dept. Times House River Valley Road Singapore 0923 Please enter my subscription for 3 months69 words
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Advertisement223 1979-07-21 16 THE INTERNATIONAL LAUNDRY, DRVCLEANING AND FABRIC CARE EXHIBITION. 30 JAN. 2 FEB. 1980. WORLD TRADE CENTRE. SINGAPORE. The last tew years have seen a suoden upsurge in the demand tor more efficient and sophisticated laundry and drycleanmg services in ASEAN, brought about by rapid industrial and social development The offshore223 words
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