The Business Times, 25 August 1979
1979-08-25
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The Business Times
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Title Section10 1979-08-25 1 BUSINESS TIMES M.C.(P) No. 146/1/79 SATURDAY, AUGUST 25,1179 50 CENTS10 words
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BRIEFLY...
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Article74 1979-08-25 1 AFP. TOKYO, Fri. The Bank of Japan today sold an estimated US$3O to 40 million on the Tokyo foreign exchange market after the American currency rose above 219 yen for the first time in two months. The intervention, the first by the central bank in four months, wasAFP. - 74 words
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Article49 1979-08-25 1 AFP. LONDON, Fri. The British population declined by 17,000 in the 12 months to the end of June when it totalled 55.84 million, the government Office of Statistics said today. A high rate of emigration and a lower birth rate explained the decline, the office said.AFP. - 49 words
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Article95 1979-08-25 1 Reuter BEIJING, Fri'. China has discovered high quality oil in a field off Hainan Island in the south of the country, American Senator Henry Jackson said today. He also said that he believed China might have reserves of 100 billion barrels, compared with a proven 30 billionReuter - 95 words
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Article79 1979-08-25 1 AFP TOKYO, Fri. Car production in Japan last month rose by 11.6 per cent over July last year to 841,780 units, the Japan Automobile Manufacturers Association said today. Officials of the association said there was firm demand on the domestic market and a recovery in sales abroad. OfAFP - 79 words
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Article73 1979-08-25 1 Reuter BANGKOK, Fri. Foreign television news will be subjected to "self censorship" in Thailand beginning next month, a government spokesman said today. All four television stations have agreed to appoint their own censorship officials to screen footage of popular foreign "satellite news programmes." According to the spokesman, foreignReuter - 73 words
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Article52 1979-08-25 1 AFP TOKYO, Fri. British Petroleum (BP) will stop supplying crude oil to all non-affiliated companies as from Sep 1, it was learned here today. According to Japanese oil industry sources, BP took the measure following the Nigerian government's takeover of BP assets and oil concession in thatAFP - 52 words
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Article83 1979-08-25 1 Reuter BANGKOK, Fri. The Thai government will buy an additional 200,000 tonnes of crude oil and 50,000 tonnes of high speed diesel oil from China, Thia Commerce Minister Ob Vasurat said. The purchases bring the total amount of crude oil purchased from China this year to 800,000Reuter - 83 words
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Article64 1979-08-25 1 UPI. SEOUL, Fri. The government is planning tax law revisions for 1980 to lessen the burden of low income people and force companies to cut back on expenses. According to a draft plan prepared by the Finance Ministry, the government will seek the proposed revisions at theUPI. - 64 words
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Article55 1979-08-25 1 UPI. MANILA, Fri. The Philippines' exports of garments this year are expected to reach a record US$4OO million (SsB6o million), Trade Minister Luis Villafuerte said. The figure is 22 per cent higher than last year's figure of $326 million, Mr Villafuerte told a meeting of the Garment BusinessUPI. - 55 words
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Article70 1979-08-25 1 UPI NEW YORK, Fri. The stock market headed broadly and sharply lower early today in reaction to government reports that inflation continued at a high level during July. The Dow Jones industrial average, which skidded 5.46 points on Thursday, was off 4.34 points to 876.02 after the firstUPI - 70 words
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Article656 1979-08-25 1 CHOO AI LENG - BREAKING INTO FOREIGN GROUND By CHOO AI LENG A LEADING transportation company, Containerisation and Packaging Industries (C and P), is diversifying into oilfield engineering. This move will make C and P the first local firm to break into this foreign dominated industry, the company claims.656 words
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Article274 1979-08-25 1 GOLD prices leaped to new record highs on European bullion markets yesterday, nearing US$3l6 an ounce in Zurich. The dollar was narrowly mixed in morning trading on world currency markets. Gold rose as high as U*****,625 at mid-morning in Zurich, and the London morning fixing274 words
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737 1979-08-25 1 FOO CHOY PENG - By FOO CHOY PENG SRLLanka has approached the Republic for technical assistance in her economic development. Mr Ranasinghe Premadasa, Sri Lanka's Prime Minister, in a press conference at the Is tana Villa yesterday, said he had suggested that the Singapore Polytechnic, by way737 words
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247 1979-08-25 1 ONE ef the largest Malayslaa-laeerperaied cMglMnentes, iKfc'fp* Burhtl, k»s aaaa—eed that have ken flea Heed for Ike sale ef a piece ef property la Batterwerth <e Ipok Gardea Berfcad. Tke sale Is sakjeet to appraval frem tke relevftat aatkertttea. Tetal ceasiderattoe ameaated247 words
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453 1979-08-25 1 ANTHONY TAN - F N will introduce soyabean drink soon By ANTHONY TAN SOFT-DRINK manufacturer Fraser and Neave (FAN) is pitching into a battle royal for the lion's share of the still-drink market in Singapore with the introduction of two new drinks soon. At a special presentation this evening to soft-drink retailers, the453 words
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Page 1 Advertisements
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Advertisement9 1979-08-25 1 "Tfc SINGAPORE Business PmtodccH PuMcodor FOR PEOPLE WHO MATTER }+{!;,;!|>)`;>,$.^!)&*'),'{\!=}9 words
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Advertisement245 1979-08-25 1 <£5 McCarthy Information Services (U K) 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 and245 words
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Advertisement60 1979-08-25 1 tries S BUMIPUTBA lavestmest pslsOLD ettlseM beeemlag Ameri- ed to start ae1tt8g...................... II ca'> sew wsrkers I HIGHER eests eat tato 81s THE pswer «f spirttaal fmn 7 Chew's eandags II INTEREST rates is OS rise JAPAN to review ali psttey 12 FLIGHTS S, TV AND RAD|Of, CROSSWORD I, WHERE60 words
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Advertisement153 1979-08-25 1 ThewoH botancedPPC z Wayfoong MAFis outside the CBD, and d's computerised for better efficiency you need a hand. A helping hand when you need it most: Wjyfoong.MAF For most people, money isn't easy to come by. At Wayfoong MAF, we feel that the money you've worked so hard for, should153 words
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RAW MATERIALS
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433 1979-08-25 2 Reuter WORLD palm kernel oil production appears to be moving to a record high of 584,000 tonnes in the current 1978/79 season, which ends September 30, a rise of 21 per cent over the previous year, the Hamburg-based weekly Oilworld said. ItReuter - 433 words
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Article206 1979-08-25 2 BANGKOK: Yesterday's closing prices in US dollars per tonne F. 0.8. basis Bangkok): WHITE RICE. 100 per cent Ist class 385, 100 per cent 2nd clam 370, 100 per cent 3rd class 365, 5 per cent 355, 10 per cent 340. 15 per cent 335, 20 per cent 330,206 words
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Article783 1979-08-25 2 COCOA: Terminal cocoa finished the morning yesterday £1 up to £7 down although above session lows. Prices had declined steadily during the morning from early New York-based gains ranging to £18. Traders said the movement was highlighted by Ghana's first five weeks mid-crop purchases at 9,839 tonnes contrasting783 words
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Article81 1979-08-25 2 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Thursday Previous Malaysian 5* ffa bulk per tonne October 650 00s Ir 647.50slr November unch M7pd Sumatra 5% ffa bulk August unch 650 OOpd September 657 50pd 665 00s Ir October unch 652.00slr November unch81 words
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Article193 1979-08-25 2 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Ottaa y%rm: China Blue Phoenix 20b 2.275 32s 2.800. 40s 3.040 (per bale o( 400 lbs). Pteee g**4s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article155 1979-08-25 2 THE SUGAR futures market yesterday closed firmer in continued quiet trading, dealers said. September closed at 9.10/ 15 US cents against Thursday's 8.90/95 close, October at 9.40/45 against 9.10/15 and July at 11.05/10 against 10.90/95 cents. The cotton market closed steady yesterday in continued quiet trading, dealers said.155 words
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Article165 1979-08-25 2 THE TOKYO rubber market yesterday closed at or near the day's highs of 1.2 to 4.3 yen higher in fairly active trading, dealers said. The market opened easier on liquidations following lower overseas advices overnight but in the afternoon prices rallied sharply on buying by smaller investors and trade165 words
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ASIAN STOCKS
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Article430 1979-08-25 2 TOKYO SHARE prices closed lower yesterday, led by energyrelated and big-capital issues, in the absence of fresh factors, dealers said. The Nikkei Dow-Jones average fell 12.35 to close at 6,384.49, with volume amounting to 230 million shares. The Tokyo Stock Exchange index closed at 450.90,430 words
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Article231 1979-08-25 2 AUG 24 Bahu Mah Boonkrong Dry And 8 364 unch AiUl Credit Asia Fibre Z in -1 Metal Box New City 190 -3 Ayuthaya In*. And Trust 130 1 Raja Finance Rama Tower Safety InsurAnce Saha Pa tana Investment Saha Patana Naplbul Saha Union Bangkok Investment Bangkok Bank Bangkok231 words
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Article240 1979-08-25 2 AUO M HKt J amine Loan 06.00 unch Amil Rubber J amine Math 11.00 unch Aaaoclated Hotel* 3JS ♦a is J amine Sac TOO unch Bo waters Kam Ngan Baauto Oold China Enp 1X60 oo 0 4 unch KMB 4T7S -OJOS China Ugh i 19J0 -01 Lane Crawford 8.10240 words
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Article, Illustration354 1979-08-25 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (2100) 19 Fujikawa Mam (Tanker) (2200 after Palm Sea Horse, subject gas free, P/O) 15/16 Nedlloyd Hongkong (after NedUoyd Kobe) 3/4 Pabloeverett (0800 tide) 27/28 Palm Sea Horse (Tanker) (0600 P/O) 15/16 Samoa (after Neptune Agate A Keiyo Maru) 35/354 words
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Article156 1979-08-25 2 THE MARKET yesterday closed generally lower with the turnover down to 4.85 million pesos from Thursday's 8.26 million, dealers said. Losers were Lepanto B, Philex B, Seafront, CDCP and San Miguel B. Acoje Mining, Benguet Con B, Basic Petroleum, Phil Overseas Podco B, Pogei, Phil Overseas, Pioneer, BF Goodrich,156 words
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Article390 1979-08-25 2 THE MARKET closed steady to firmer with attention turning to oil stocks in late trading yesterday on reports that hydrocarbons were detected in a Canning Basin onshore well in the far north-west of Western Australia, dealers said. Vamgas and ACM, each with a 5 per cent interest in the390 words
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Page 2 Advertisements
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Advertisement18 1979-08-25 2 WAR I *1 r A u 3?V Robinson's Bookshop (Clifford Centre Basement) Raffles Place, Singapore 1. Tel: *****18 words
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OVERSEAS
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Article309 1979-08-25 3 Reuter, AP CHINA intends to raise loans from foreign governments and private loans from foreign companies and banks, Vice-Premier Li Xian Nian said. But he added: "Foreign loans mean foreign debts, and we do not wish to be so deep in debt that weReuter,; AP - 309 words
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284 1979-08-25 3 UPI. JAPANESE Prime Minister Masayoshi Ohira plans to call a general election in October, a year ahead of schedule, to strengthen his hold on Parliament. Mr Ohira will convene a special session of the Diet (Parliament) next Thursday to clear up pending legislationUPI. - 284 words
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417 1979-08-25 3 Reuter THE Australian government has committed itself to steering the country's manufacturing industry into high technology to make it more export-oriented and less reliant on tariff and quota protection. However, the government decided it was too soon to make a detailed inquiry into ways ofReuter - 417 words
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101 1979-08-25 3 AP THE Carter Administration has quietly raised its estimate of this year's US government budget deficit to USHp.3 billion (5564.5 billion), according to a Treasury Department report. At its mid-year budget review session on July 12, the administration predicted a $29.7 billion deficit. But accordingAP - 101 words
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Article681 1979-08-25 3 ARRIVALS Service Local Operator Number Time From GIA GA982 1230 HLP SIA SQ240 1210 MES KLM KL837 1230 AMS/FRA SIA SQ201 1245 HLP MAS MH684 1245 KCH MAS MH651 1330 (MES)/PEN/ KUL CPA CX715 1330 HKG SIA SQ6I 1340 BKK SIA SQ455 1410 BWN SIA SQ117 1345681 words
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Article, Illustration62 1979-08-25 3 HUGGING each ether in fear and sheck were twe children orphaned on Wednesday night when Mack gunmen attacked a Mate pate pa, Zimbabwe (arm worker's camp belonging to a white (arming family. The attack was intended to terrorise black workers Into not working for white (aimers. EightAP photo. - 62 words
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WORLD IN BRIEF
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Article415 1979-08-25 3 Agencies JAPANESE cotton textile industry leaders have asked the government to discuss with China and South Korea the regulation of imports of cotton yarn and cotton fabrics from the two countries. In a petition to the Ministry of International Trade and Industry, the Japan Spinners Association andAgencies - 415 words
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Page 3 Advertisements
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Advertisement462 1979-08-25 3 Leader—Page I TRADE with CHINA OCTOBER 11 12,1979 Applied Research Corporation and Business Times (a member of The Straits Times Group) will be organising a top level conference on TRADE WITH CHINA. The two-day conference will be held in Singapore on October 11 and 12,1979 at the Shangri-la Hotel. The462 words
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Page 4 Advertisements
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Advertisement253 1979-08-25 4 The ABN Bank iiiri iiVii:iTiV That's how many people ABN employs outside Holland. US$3B Biion That's just the start of ABN assets. i i That's the number of countries where ABN is right at home. That's how many types of currencies there are in the ABN Bank. The ABN Bank's253 words
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Page 5 Advertisements
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Advertisement221 1979-08-25 5 The ABN Bank South East Asia f i r v' ffvW*iB 1 rv-/. -7. Hf* i 1 ;V TAWIS K4, Jakarta Established 1824 t prr" r 5 V .v* •'<« >. r 1 I r 'rwL^r t i i i < ft 1 5 1 T I Til •^1 T221 words
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Article357 1979-08-25 6 EVERY nation today wants to produce hightechnology goods and build an export-oriented economy. Australia is no exception and the latest Budget confirms the Fraser administration's desire to re-shape and revitalise Australian industry. It is finally dawning on Australians that they can no longer357 words
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290 1979-08-25 6 ECONOMIC development has always hinged on a country's ability to nurture and develop its human resource. It is the single most important factor of production, a fact which most developing countries have yet to recognise. The only way for any developing country to close290 words
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Article, Illustration870 1979-08-25 6 ELIZABETH FOWLER - By ELIZABETH FOWLER NYT MR Arthur S Flemming, age 74, is an older American under whose sponsorship, a report has been issued that may have quite an impact on the nation's job force. It is called "Older Americans: An untapped resource." His name should ringNYT - 870 words
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Article764 1979-08-25 6 BRENDAN JONES - By BRENDAN JONES NYT HOUSEHOLD and personal budgeting in the US, which may be regarded as an oldfashioned discipline, appears to be undergoing a revival under the stresses of inflation. Advocates of budgeting maintain that it continues to be the logical means of money management, whetherNYT - 764 words
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Page 6 Advertisements
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Advertisement113 1979-08-25 6 ntggjai—eodi^a id Draw a crowd to a sale or sell a drawing of a sale. Leisure Times is right on target For as little as $15, you can sell a house, fetch a good price for an antique or talk about that cozy Italian restaurant you have just opened in113 words
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Page 6 Miscellaneous
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Miscellaneous40 1979-08-25 6 531 S»NC£. uJC'Vt PjT uP THe flßce OF ooc Tfep\ rm T(2W»N& "TO oo« COSTDmeCS *U TmeiC moteys Brlstow: Frank Dick tau rrm race Hen" UJWUfcC I i THE. F»«ST Cue IN this K»to«isi »s QußHTrry, NOT C$ d Qr40 words
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Miscellaneous1431 1979-08-25 6 TV RADIO FOR MOTORING FANS MIDNIGHT Mtvle stretches all sf tws bears aad Ave miaetes, bat It sheald be time (airly well spent, if the stars are anything U gs by. "Winning" oemes ea Cbaaael 8 at I%M with Paal Newman, Us wife Jsaaae Wsedward, Rebert Wagner aad Richard Themas.1,431 words
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Article, Illustration682 1979-08-25 7 RUTH GRUBER - By RUTH GRUBER UPI IF THE diverse and divergent nations of the non-aligned movement can be said to have one leading figure, that figure is Yugoslavia's President Josip Broz Tito. President Tito, patriarch of the non-aligned, is the only surviving founding father of the movementUPI - 682 words
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Article, Illustration813 1979-08-25 7 K K SHARMA - By K K SHARMA FT ONE eighth the total area of China, the craggy Tibetan plateau represents a strong temptation to the government for easing the pressure of population on the mainland. The Chinese authorities would probably deny any wish to "colonise"FT - 813 words
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621 1979-08-25 7 CONOR O'BRIEN - [FORUM with CONOR O'BRIEN NYT THIS has been a year in which ghosts walked. The people of the world were reminded of the power of spiritual forces to alter the material balance of world affairs. The communist world had to endure, in Poland, theNYT - 621 words
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Page 7 Advertisements
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Advertisement144 1979-08-25 7 S& .>*aaa[ \f._ fe. J, k*A Jv P'' -I; V-" ,4& S#V. 1" CP -sll mmm e?» f v-.'2* si I M m.: py. Twir 1 1 THESE EYES WERE WITNESS TO A RECORD BREAKING EVENT Those eyes saw us sell over 22,500 copies of HER WORLD in July 22,530144 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article256 1979-08-25 8 AUG 23 m CORBEILLE Alr-Liqulde B S N Oervals Danone CSV (ThomsonCsf) Cte Franchise des Petroles Compagnle Klnanclere Compagnle Qenerale Credit Foncler De France Hachette (Llbralrle) Machines Bull Mlchelln (B) Parltes Pechlney Clglne Kuhlmann Peufeot Philip* <N» Gem Bent) Prlntemps S A Rhone-Poulence SA Royal Dutch Sues (Cte Ftnan256 words
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Article103 1979-08-25 8 AUG 13 Lira >/- Ante U 0.5 Assoc Gen ***** -800 Butoft > 804 CentnUe 8186 -SB rial 2780 >47 Flmider 14* -8.75 Oen Immoto SB •13 in Prt 3M0 4-30 iuicementl ***** -310 lUlgM 825 >10 lUUider ass 4-1 Magnetl M PI 880 3U >20 VUrelll Ere -U103 words
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Article147 1979-08-25 8 AUO 23 Fte abn rm ntl -05 Ahold i i S: fe -0-3 Akio 30 JO +0J amev 96J0 unch Amfu 116.10 -ft3 Amrot Bank 7JJ0 unch Bertoas Berk Bo l» IHI «6.io -IS BorsumlJ Burhmann Byenkorf 71.50 +0-5 CUv* Delft Dell MiJ ***** 1.5 EnnlA MIjOO 1.1 Fokker147 words
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Article169 1979-08-25 8 AUO 23 Dm Aef-Telefunken 45.106 Akin ZHO +C1 JJTTJPJTJM WBGmmm 484.00 +3 ***** -0l3 247 OOB 77S.OOB Bayer BBC 131.00 -0J moo BMW 175.90 -I A Caoella Chem Verw 345.00 unch 2M-S0 unch Commerxbtnk ConU Ota—i Dtlmtof >fWn» SIB MUl ♦0.1 •u PH»— Demac DeuUehe Bank zmjo in M169 words
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Article96 1979-08-25 8 AUO B 1 m FORWARD MARKET 123 unch Arbad mO unrh Astur MO unch Bnans 1 133 Bra-Lamb 1 Okopae mo -to OB -J Cock De Been Ml -U 293 unch Elcctrobcl M -M Qb-lnno-B® n— 1170 -4 Hobok 1000 ISO Pttro SOTO *30 Ryl Dutch MO 4-10 MMM96 words
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Article105 1979-08-25 8 Reuter MOBIL Oil Corp aad Texaco lie said they filed salt la Federal district court, Los Angeles, to preveat Belridge OU Co aad Ave of its directors tram carrying eat a planned programme whieh could lead to a sale or a merger «t Belridge. MobilReuter - 105 words
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Article1221 1979-08-25 8 NEW YORK BLUE chips and glamour stocks led the market lower on profit-taking in moderate trading on Thursday. Analysts said blue chips and glamours had led the summer rally and profit-taking had been expected. They also noted some investors may have grown cautious ahead of the weekly1,221 words
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Article215 1979-08-25 8 AUG 23 CS Kud Bay Mm Imp OU Inco 23V SB MS unch -S A bill W Alcan Alcoma Bank Mont Bank No** Scotia Bell Tel Beth Corp BP Can Ltd Brascan Camp Red Lake 44S 2BH MS 25* 21* -V Int Pro* Pipe Int UU 16* 14* -s215 words
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Page 8 Advertisements
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Advertisement658 1979-08-25 8 |])$+\-[!&+$"+_:${(}_""[}>;+_{} Where to wine, dine and entertain 1 For drinking. For dancing. For delightful evenings. Music by Riccbus \n\e}nutiotidl of London. Open hours: SI IHI K9 PM JAM SI2 n<> IMDR/XK f'Rf. SAT OPIf .MAI Sn.oo IST DRIXK C I*j»rk Slh'i*j«oii UfS) M;m v«/ Sheraton hotels and inns worldwide v.658 words
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Advertisement42 1979-08-25 8 Y 1Z -V s?^ *rr BO; m «i sjy f*» •ifcV > f 9.:>vvat2 A* S4 ft ■Hi Have fun this Sunday. Take a break from the stresses of office. house and school work. Relax at our pool side. Take a dip I^ss^242 words
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MONEY AND EXCHANGE$
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Article58 1979-08-25 9 AUSTRALIA/NZ exchanges quotes on Aug 24 US dollar 1.1309 1.1261 Sterling 0.5090 0.5031 Ninety-day air mail buying rates: Sterling 0.5307 US dollar ***** Ninety-day forward buying rates: Sterling 0.5129 US dollar 1.1334 NEW ZEALAND: Reserve bank midrate: US dollar 1.0116 Trading bank Indications: Sterling 0.4554,0.4524 US dollar 1.0166/1.0066 Ninety-day58 words
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Article191 1979-08-25 9 RETAIL prices per tahil quoted by the Singapore Chinese Geld and Silver Merchants Association this week were Ss92o for 90 per cent gold, SsB6o for 24K gold and SsB2o for 22K gold. In London, the morning gold fix yesterday was a record U*****.70, up $3.65 on the previous fix.191 words
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Article316 1979-08-25 9 iNnrcTRuiG Bap 500 -9 Plknpay 2960 unch AUO 23 Rami Plate Gl 280 unch A AlphA 175 unch Pp Cement Prem Mil Pro If a 520 610 200 +5 unch Abercom 265 -5 AE And CI AMIC Barlows 506 iaoo 617 -5 -10 +2 unch unch Reed pal 615316 words
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Article98 1979-08-25 9 THE US dollar for overnight delivery closed firmer at 219.30 yen yesterday, compared with a 218.80 opening and 218.90 at Thursday's close, dealers said. The dollar, after opening slightly lower, strengthened on import covering by Japanese traders and buying by Japanese banks to adjust positions. The dollar for immediate98 words
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Article21 1979-08-25 9 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 8.5 per cent.21 words
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Article158 1979-08-25 9 THE US dollar and sterling opened little changed yesterday from their overnight closing levels here, although sterling was easier than the New York close, dealers said. They noted the dollar was slightly weaker on Thursday afternoon here ahead of US money supply figures, which showed a US$l.B billion rise158 words
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Article192 1979-08-25 9 THE US dollar yesterday finned slightly on pre-week-end position squaring after a day of quiet business with Singapore and Malaysia closed and ahead of a local long weekend holiday, dealers said. The only feature was the Hongkong dollar which firmed in very late trading to 5.0960/80 to the US192 words
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BANKING AND FINANCE
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Article498 1979-08-25 9 THE ASIAN Development Bank (ADB) approved U*****.5 million (about *****.4 million) worth of loans during the second quarter of this year. This is relatively more than the $12.5 million in loans approved for two projects in the first quarter of the year. For the second498 words
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160 1979-08-25 9 THE INDUSTRIAL and Commercial Bank (ICB) will take a more active stance in international banking from next month. This follows the recent approval from the Monetary Authority of Singapore for ICB to operate an Asian Currency Unit (ACU). The deputy general160 words
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395 1979-08-25 9 NYT INTEREST rates are not likely to decline substantially in the months ahead unless the US economy (alls into a severe recession, Federal Reserve chairman Paul Volcker implied on fhursday. While refusing to make speific forecasts, Mr Volcker said inflation is keeping interestNYT - 395 words
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Article1167 1979-08-25 9 THE AMERICAN expatriate banker in Hongkong had a grudge against his competitors. But this time he was in the right. He had just been beaten out of a refinancing deal for an Asian borrower by a British bank which had swiped the loan with the unconscious aid1,167 words
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Article352 1979-08-25 9 NYT THE West German Central Bank signalled on Thursday that it intends to combat further domestic inflation by putting upward pressure on Interest rates, but declined to reveal to what extent liquidity would be reduced. The Bundesbank said that from September it would put an as-yet-undefinedNYT - 352 words
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169 1979-08-25 9 THE Swiss National Bank said it is letting a series of foreign exchange reporting rules lapse. It will make no further use for the time being of its legal right to demand information about turnover from banks and companies involved in foreign exchange business,169 words
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Page 9 Advertisements
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Advertisement42 1979-08-25 9 The indispensable guide Id men and women at the helm of Malaysia, Singapore and Brunei A wealth of data for better insight and professional reference. NT 8 Ah "Efts r,h U -ris r Clifford Centre Basement, 24 Raffles Place, Singapore 1. Tel:42 words
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Article, Illustration934 1979-08-25 10 WONG WAI LIN - The Bumiputra Investment Foundation, writes WONG WAI LIN, has yet to get into full throttle and there is some difficulty stimulating the individual bumiputra to start investing. But Encik Desa Pachi, chief executive of the foundation's investment arm, is optimistic. Below, in an interview934 words
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Article2853 1979-08-25 10 Cr'g Gr'g Net 1979 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 261 207 Acma 240 5 15.0 2.2 6 2 125 130 246 236 196 123* Alcorn 196cd 10.0 15 5.1 26.1 148 1102,853 words
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1885 1979-08-25 10 QUESTION: What is the purpose and concept behind the fund? ANBWER: As you know, one of the aims of the New Economic Policy (NEP) is to accelerate the process of restructuring Malaysian society to correct economic imbalance, so as to reduce and eventually eliminate the1,885 words
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COMPANY NEWS
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734 1979-08-25 11 ANALYSTS will have a chance to reassess Sime Darby's offer for the minority shares in 74.3 per cent owned China Engineers, now that the Hongkongbased group has released its results. Also disclosed is the rough date around Sept 3 when734 words
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723 1979-08-25 11 TRENGGANU Development and Management (TDM) is actively seeking new areas of investment in a bid to lessen dependence on its traditional activities oil palm estate management and maintenance and the processing and marketing of oil palm products. One of the new areas is723 words
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Article367 1979-08-25 11 Current Ex Books Date Total for Total for' Payment Date Close Payable the year Previoua year Int Wood 15% TE Jul 16 Jul 20 Aug 25 15% TE 10% TE Pegi Msia 5% Jul 26 Aug 7 Aug 2S 5% M Tobacco 12.8% X Jul 31 Aug 11367 words
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Article115 1979-08-25 11 Company Particulars Ex Date Books Close NSOP Bonus Issue of 3 for 2 Aug 23 Sept 5 B Semb Bonus Issue of 3 for 1 Sept 7 E A I Bonus Issue of 1 for 2 Sept 10 Sept 20 t M W Bonus Issue of 1 for115 words
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Article185 1979-08-25 11 ACMA Electrical Industries' joint venture in Indonesia has drawn queries from the SES. It wants to know the name of the joint venture and the consideration to be paid for the 40 per cent interest in the venture, as well as the basis upon which it was arrived.185 words
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333 1979-08-25 11 MALAYAN Cables has made Its promised recovery (rem the disappointing tosses Incurred tost yew. Sales, toe, have shown a healthy Improvement. lie improvement to Its earnings position through the first six months sf this year justifies earlier coadldence that the company could whip333 words
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Article32 1979-08-25 11 MALAYAN Breweries said Mr Michael Fam Yue Onn has been appointed to its board of directors in place of Mr P.G. Grunday, who has retired and consequently departed from Singapore.32 words
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445 1979-08-25 11 KHONG GUAN Holdings (Malaysia)'s chairman, Mr Chang Ming Thien, has assured shareholders that the company will make every endeavour to absorb the increased costs of production resulting from the rise in oil prices in the current year, in order to maintain the same445 words
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Article, Illustration571 1979-08-25 11 OUR REPORTER - By OUR REPORTER DEARER newsprint costs and higher operating expenses have left an imprint on Sin Chew Jit Poh's performance in the first half of the current year ending Dec 31.1979. Pre-tax profit of the Chinese newspaper company fell 1.3 per cent571 words
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Article134 1979-08-25 11 Worldwide Holdings Bhd: AGM and EOGM to be held at Room B-l, Basement Floor, Bangunan Ingeniur, Jalan 52/4, Petaling Jaya, at 10am on Aug 29. Malayawata Steel Bhd: AGM to be held at the Negara Room, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Aug 30 at134 words
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Page 11 Advertisements
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Advertisement259 1979-08-25 11 ®Sofv Word power: Edward de Bono 265 special words are covered here. This big new book from de Bono, author of Lateral Thinking, makes available for the general reader an invaluable store of the vital words which form part of the living vocabulary of every thinking man. The War Lords:259 words
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732 1979-08-25 12 MEDIUM-TERM PERSPECTIVE THE Japanese government will be reviewing its policy on economic cooperation with developing nations from a medium term perspective. For instance, it wishes to find out where the emphasis of aid should lie after the current move to double official732 words
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Article, Illustration29 1979-08-25 12 AP Hie new Catholic bishop of Beijing, Michael Tienshan, pictured on Thursday in Beijing. He said he wonld welcome normalisation of relations between China and the Vatican.AP - 29 words
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Article131 1979-08-25 12 UPI HEALTH authorities declared Hongkong a cholera-infected area yesterday. Tests on a six-year-old boy named Yeung Kam-sze after he was hospitalised on Monday with severe diarrhoea and vomitting confirmed that he was suffering from cholera, an official spokesman said. The boy is recovering at the isolationUPI - 131 words
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215 1979-08-25 12 AFP. JAPAN should redouble efforts to internationalise its economy and secure stable energy supplies in order to enhance economic security. Disclosing this in a report entitled "Trade and industry policy vision for the 1980s," the Ministry of International Trade and Industry, saidAFP. - 215 words
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Article311 1979-08-25 12 AUSTRALIA is increasing its defence spending significantly, although strategists say the nation faces no military threat in the foreseeable future. Defence Minister James Killen told Parliament that the 1979-80 defence budget would be increased 2.6 per cent to A 52.88 billion (about 555.6 billion). Spending on311 words
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Article842 1979-08-25 12 LONDON, Thurs. Gold shares were sharply firmer following the record bullion fixing with prices showing gains of up to USS2, dealers said. Other share prices closed slightly higher on the day in low volume at the end of the fortnightly account with activity affected by the forthcoming Bank842 words
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Article, Illustration444 1979-08-25 12 UPI. THE Janata Party, annoyed that Indian President Nee lam Sanjiva Reddy refused to let it form a government, succeeded in organising a partial strike in New Delhi yesterday. Some shops and businesses remained closed yesterday morning in response to a call for aUPI.; AP - 444 words
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233 1979-08-25 12 Reuter. ISLAMIC revolutionary guards have been sent to tighten security at Iran's main crude loading terminal at Kharg Island in the Persian Gulf, the official Pars news agency reported. The report said 86 guards from the Gulf port of Bushire arrived on ThursdayReuter. - 233 words
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Page 12 Advertisements
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Advertisement25 1979-08-25 12 SPECIALLY PREPARED PROGRAMME IT AI V fV FOR PEOPLE H ALT IN BUSINESS 13th to 22nd Oct' ROME SIENA FLORENCE m ftjfl r> 3333 3l25 words
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Advertisement150 1979-08-25 12 Study Accountancy with the Specialists Study with Foulks Lynch J LONDON Since 1884 Foulks 1 ynch have specialised in tutoring students from all round the world tor the various Accountancy examinations and over these years have achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other HONOURS and AWARDS150 words
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Page 12 Miscellaneous
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Miscellaneous64 1979-08-25 12 gWEftT:HER Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in the late morning. Report for 24 hoars prior to 7.39 p.m. on August 24 at the airport. Maximum temperature 31.1 Associated humidity 72 Minimum temperature 25.1 Associated humidity 95 Hours of sunshine 5.92 Rainfall in millimetres64 words
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LEISURE TIMES
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Article, Illustration575 1979-08-25 13 MARGARET THOMAS - By MARGARET THOMAS DO YOU feel jaded and faded? Does your life lack excitement? Have the rigours of the rat race got you down? Are you sick of the balmy breezes and skin-saturating sunshine of Singapore? Did you cry yes! yes! yes! yes! to each question?575 words
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Article, Illustration572 1979-08-25 13 The 1979 international motor show will be held at the World Trade Centre from Aug 31 to Sep 5 from 11am to 10pm LET'S face it, for the motoring enthusiast in Singapore, there is really not much to look forward to. Since the sad demise572 words
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Article, Illustration663 1979-08-25 14 LINDA TAN - By LINDA TAN PRODUCED in the wake of the giant blockbuster, "Star Wars", "The Humanoid is but a mere whisper in the galaxy of science fiction. When you have been generously treated to an epic brilliance of special effects and bursts of terrific colour in "Close663 words
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Article, Illustration81 1979-08-25 14 FRANCIS CHIN - By FRANCIS CHIN COFFEE, like any good thing in life,must bo well-made to bring out its full flavour and l fragrance. And coffee-making is a deli- -4 jr cate art that calls to remembrance a gentler, more leisurely time. At Good- fc. wood Park Hotel, you can order a81 words
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Article, Illustration572 1979-08-25 14 VIOLET CHOW - By VIOLET CHOW "LADIES and gentlemen, tonight Tiara Supper Club presents Eve Graham and Danny Finn, direct from London". "For so long, you and me been finding each other for so long, And the feeling that I feel for you, Is more than strong girl, Take572 words
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PROPERTY
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Article, Illustration660 1979-08-25 15 TEO TECK WENG - The proliferation of upmarket shopping centre* in suburban areas is only a recent phenomenon. Bukit Timah Plaza is probably the leader in the pack. TEO TECK WENG looks at the planned 'success' formula behind the Plaza and how far the desired results have been660 words
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Article, Illustration172 1979-08-25 15 THE MARCO POLO, show-piece hotel property managed by the Hongkong-based Peninsula Group, recently held an inhouse courtesy campaign with its theme "Courtesy reflects well on you". At the end of the two-month long campaign, duty officer Mohammed Shah bin Kamsani emerged winner, from the hotel's 600-strong staff,172 words
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Article, Illustration408 1979-08-25 15 ALL NIPPON AIRWAYS (ANA), a majority shareholder of the Century Park Sheraton hotel in Singapore, has set up an office in Hawaii to oversee its regional hotel activities. It has formed a new company known as ANA Hotels International, based in Hawaii, which will serve as the408 words
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Article, Illustration389 1979-08-25 15 WALK ALONG Cairahlll Bead from its Jaacttea with Scetts Bead ud yen weald dad a slightly «M fenr-starey walk-ap ipvtmcat Neck everleeUag a vtcut piece (t lui. Despite Its rather dnh exterler, the Meek heoses tastefully reaevated tws hedreemed apartmeat that has recently heea pat sa389 words
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Article, Illustration324 1979-08-25 16 EXECUTIVE FASHION DIOR, a name that is synonymous with good taste, elegance and exclusiveness. Under the direction of the brilliant Marc Bohan, the company, with numerous branches worldwide in major cities, achieved a turnover of about one billion francs (about Ss2 billion) in 1977. The Dior signature324 words
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Article, Illustration160 1979-08-25 16 LINDA TAN - By LINDA TAN A HOTCH-POTCH of themes flowered handkerchief skirts, low-low scooped necklines, slits, daring bodysuits, oriental silks, dots, prints, checks, pleats they ranged from the daring to the elegant and even the delightful, with glittering cat's eye specs of the 1950s and grandma160 words
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Page 13 Advertisements
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Advertisement28 1979-08-25 13 ;=&|=-,)\~/<":|{]"^-+~<)["+-?:} It's just another Star Wars Page n Let me have a look at the coffee menu...................... J1 How successful Is Bukit Tlmah Plaza? JD For exclusive executives JV28 words
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Advertisement155 1979-08-25 13 241 Un KODAK EKIAKg| Get one of these Bantam Britannica books FREE! JteiT|a to \W9OO Bantam /Britannica j M books on a (I) The Arabs; s*. The U.S. Government; j (3) Disaster! and (4) The Ocean. J The publishers of Encyclopaedia Britannica 3, the most advanced and comprehensive encyclopaedia available155 words
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Page 13 Miscellaneous
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Miscellaneous943 1979-08-25 13 WHAT WHERE THEATRE THE SCENESHTFTERS' presentation of Sandy Wilson's musical hit The Boyfriend at the Cultural Centre. Started last night, season continues till Sep 1. Matinees at 3pm on Saturdays (Aug 25 and Sep 1); Aug 26 (Sunday) at spm and on other nights Bpm. Treat yourself to the hip-swinging,943 words
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Page 14 Advertisements
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Advertisement233 1979-08-25 14 Now! The Buku Merah offers you an ever more effective way of selling your products and services In the Buku Merah's pink pages, classifieds business section Which is why we're starting our new classifieds section. You can take up anything from a column inch space to a full page to233 words
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Page 14 Miscellaneous
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Miscellaneous438 1979-08-25 14 FILM TIME LIDO (*****4): lie Deer Haater. Winner of five Academy Awards, this show is about three close friends from a Pennsylvania steel mill community who enlist to fight in the Vietnam war. Starring Robert De Niro, John Savage, Christopher Walken and John Cazale. (11, 2.30, 6.15, 9.15) ODEON (*****6):438 words
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Page 15 Advertisements
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Advertisement167 1979-08-25 15 ANTIQUES FINE CHINESE ANTIQUES ft WORKS OF ART KWOK GALLERY Pt6. Ltd. 101-103. FIST FLOOR. FAR EAST SHOPPING CENTRE ORCHARD ROAD. TEL: *****16 TNREE GENERATIONS OF PROVEN DEPENOABNJTY SINCE 1918 BUSINESS OPPORTUNITY EXPORT PACKING Attention Exporter*: We can pack your export goods Into well compressed bales. Charges reasunable. Contact: SINGAPORE167 words
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Page 16 Advertisements
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Advertisement376 1979-08-25 16 SKCT" *ST*3FED KILLING TIME by Sandy Fawkes Sandy Fawkes felt like screaming inside. The man she'd spent six days and nights with "a cross between Robert Redford and Ryan O'Neal" had just been revealed as a mass murderer, rapist and a pervert. Sandy lived to tell her story because the376 words
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