The Business Times, 29 September 1979

Microfilm: NL10316
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C4P) No. 141/1/7$ SATURDAY, SEPTEMBER 29, 1979 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Low-cost housing
      77 1 KUALA LUMPUR, Fri. Less than 20 per cent of the government's revised target of 73,506. lowcost houses under the mid-term review of the Third Malaysia Plan has been completed. Housing and Local Government Minister Datuk Neo Yee Pan said today that at the end of last month, a
      77 words
    • Article
      Lock icon Parliamentarian meet
      42 1 AFP BANGKOK, Fri. Thai Premier Kriangsak Chomanan today opened the second conference of the Asean Inter-parliamentary Organisation. The conference, to last through Oct 3, has brought together parliamentarians from the five Asean states, and Japan in an "observer" capacity. AFP.
      AFP  -  42 words
    • Article
      Lock icon Philippine inflation
      65 1 AFP MANILA, Fri. The Philippine inflation rate this year climbed to 20.15 par cent In August, dropping the purchasing power of the peso to 38 centavos, reports said today. New oil prices from Aug 1 pushed up the inflation that raised goods and services by as much as
      AFP  -  65 words
    • Article
      Lock icon Citibank's prime
      56 1 UPI NEW YORK, Fri. Citibank, the nation's second largest bank, today raised its prime lending rate l/4point to a record high 13-1/2 per cent. Citibank was the first major US bank to raise the prime the lending rate banks charge their best corporate customers from the previous high
      UPI  -  56 words
    • Article
      Lock icon Prices increase
      85 1 AFP JAKARTA, Fri. Indonesia today announced new increased checkprices few four export commodities, including coffee, effective (or the threemonth period October-December, 1979. The check-price for Indonesian robusta coffee is raised by 21.4 per cent to U553.46 per kilogram as from next Oct 1, and that of arabica coffee
      AFP  -  85 words
    • Article
      Lock icon Energy imbalance
      88 1 UPI PARIS, Fri. A study released yesterday by the International Energy Agency urged even higher prices for petroleum and other fuels in the US and Canada to curtail consumption to meet energy conservation goals set for 1965. v "There is a growing risk of a serious imbalance between
      UPI  -  88 words
    • Article
      Lock icon Dow Jones
      63 1 AP NEW YORK, Fri. The stock market drifted lower this morning, reacting to soaring gold prices and another increase in the prime lending rate of major US banks. The Dow Jones average of 30 industrial issues was down 3.24 to 864.22 in the first half hour. Declining issues
      AP  -  63 words
  • Article
    Chief Price Changes
    137 1 Rises Tu Chong 424 26 M Banking 770 25 Public Bank 306 17 Strait* Trading 755 15 O C B C 745 15 K L Industrie* >2 13 Sal Properties 350 12 Nat Iron 610 10 DBS 540 10 Hong Leoag Public Textile 278 +7 87 +7
    137 words
  • Article, Illustration
    KUALA LUMPUR
    152 1 Rises M. Banking 775 +25 Tan Chong 422 +22 Sg. Besi 960 +ao P. Bank 306 15 Bolton 165 +13 A. Amai 550 +10 Petaling 1030 +10 Nat. Iron 615 +10 Troooh 1000 10 Setron (M) 174 +08 PruojTjfl. rTOp. 3.48 +08 Falls A. Hitam Tin 1480 -10
    152 words
  • Article
    Indonesia gives its approval
    648 1  -  JOINT BATAM DEVELOPMENT By FOO CHOY PENG THE DEVELOPMENT of Indonesia's Batam island, just south of Singapore, is likely to be a joint venture project between the two governments, agency reports from Jakarta yesterday indicated. The reports quoted Dr B J Habibie, Indonesian Minister for Technology
    648 words
  • Article
    MARCOS UNVEILS NEW STRATEGY
    234 1 PRESIDENT Ferdinand Marcos last night announced a series of major economic thrusts to cushion the country from world receasion. Among the new proposals are an acceleration of heavy industry activity, including development of an armaments industry, diversification and expansion gf domestic energy sources and a review
    234 words
  • Article
    Companies cool to proposal on apprenticeship
    582 1 THE VOCATIONAL and Industrial Training Board (VTTB) has met with poor response in its recent appeal to firms to support apprenticeship training. No less than 391 firms were approached by the Board between September last year and August this year but only 22 of
    582 words
  • Article
    KL'S TRAFFIC MONITOR
    148 1 KUALA Lumpur's MJ6 4 million computerised traffic scheme far the city centre is expected to be implemented by early next year. A City Hill spokesman said final touches were being made to the computer control centre at the City Hall new building in Jalan Raja Laut. "As
    148 words
  • Article
    Gold price declines after breaking US$400 barrier
    208 1 GOLD yastetday iMttcr wmjat advaaee la Far East MiMM set la. It Inkt pact the ÜBMN aa him tenter ■irlat to i^iii Ttadlag, kiMw, wm this te nitj htui deallsg after euta threagh the aada Pgft spread dce?S yeU#w metal. The pM price
    208 words
  • Article
    Telecoms looking for partner
    360 1  -  By JOHN LIM THE Telecommunication Authority ot Singapore (Telecoms) is considering developing a system for transmitting still pictures, something existing information systems cannot do at the moment. It plans to develop the system, called Teleview or videotex, in partnership with another party. Tenders are being called
    360 words
  • Article
    Thai oil proposal
    96 1 THAILAND is to negotiate with Mngsport to raQat the extra crude ofl it has coMneted to My from West Asia, China and some Asean nations. Thai Industry Minister Prasit NarongdeJ is expected to be in Singapore shortly for talks on the arrangement. Thailand is also expect- Ed
    96 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      4 1 It N See Paget
      4 words
    • Advertisement
      Page 1 Advertisements Column 2
      214 1 Solving Big Problems is Formula for Growth Recommendations Soaring in Vital Energy Groupings The four New York issues which Capital Gains Research recommended most frequently during the latest U.S. nuclearaccident scare were reactor-builder COMBUSTION ENGINEERING, nuclear technology leader EGJfcG, uranium miner UNC and coal liquidation specialist FLUOR. Two weeks into
      214 words
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      Page 1 Advertisements Column 3
      9 1 mm Li;} ys h< :i.* '.i.i ILL LEISURE TIMES
      9 words
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      Page 1 Advertisements Column 4
      83 1 SNGAKXE •ITOiirasl FOR PEOPLE WHO .J> MATTER mm vV' >'.. v t3f ~M gtSK M >? ..vNi ■"^yv a» rf' r iwfc v-va^u*" -"y *«-*<»• > *w MM ►%i MM C 2X "HKs' -tt .Vr w s >'HnWnm»: f *&*~r v »JS l*V> ASEAN BUSINESS QUARTERLY -2> Plaaaaaand ooplaa of
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  • TRADE AND INDUSTRY
    • Article
      ELECTROLUX'S NEW SHIFT
      596 2 ELECTROLUX (SEA), one of the major trading companies in Singapore*ls now promoting more intensively its other corporate areas of operation. This marks a significant change to its previous emphasis on the domestic appliances. Part of this move concerns the establishment of a construction division covering material handling,
      596 words
    • Article
      Newer aircraft models registered
      142 2 THIRTY-THREE new aircrafts were registered in Singapore last year, and most of them were the newer models of Bell helicopters and general aviation Pipers and Cessna aircrafts. According to the Department of Civil Aviation annual report for 1978, the newlyregistered aircraft Include two DC-lQs and three
      142 words
    • Article
      A good SCORE for prison industries
      219 2 DKXEAfIDfG a versa a ifvMsi Iks Mggasl pash Is Growth sf Ms la lasti stea sf three aNHkaal wrtateps la the pikiw ts Ai nrffag ts the Slagapere Csrperatlea sf BehaMHtattve Ealuplsia' (SCORE) aaaaal report Isr iva/n, 11sills if leads sf Busiii ■eaafsiSainl eaae
      219 words
    • Article
      Easier arrivals for tourists
      183 2 WITH the increasing influx at tourists into Singapore, there is a need to minimise the Inconvenience to visitors caused by checking-in procedures and arrival formalities Chairman of the Singapore Tourist Promotion Board, Mr Tan I Tong, said at the initiation cocktail of Meeting Services (S) yesterday
      183 words
    • Article
      YOUNG AND RUBICAM
      95 2 YOUNG and Rubicam, a major US advertising agency, will hold its official P lbetom hasbeen operating in Singapore since May and is now billing at the rate of almost S2 million. Its clients include Jebsen and Jessen, Tuff-Kote Dlnol, Selangor Pewter, Eastmark Candy, the Hongkong Tour- ist
      95 words
    • Article
      Braniff sets up in Singapore
      177 2 BRANIFF In tenia too*! Airways, which starts its Trans-Pacific service from Singapore oo Oct 90, has placed a US$l mlllloa (5J2.15 m ID too) order (or Singapore-made service equipment. Mr Andrew Hodman, Branlfl*» staff vice-president (or caterlnc ud cabin services said yesterday the equipment rnnstats
      177 words
    • Article
      KL trade mission for America
      120 2 A TWENTY-SEVEN member Malaysian Trade mission leaves Kuala Lumpur today to promote resourcebased products on the West Coast of the United States in Canada. During the three-week tour, the mission will seek markets for timber products, rubber manufactures, pewterware, cane and wooden furniture, canned foodstuff,
      120 words
    • Article
      DR TOH TO SPEAK AT W.H.O. SESSION
      102 2 THE MINISTER for Health, Dr Toh Chn Chye, and the director of the World Health Organisation, Or Halfden Mahler, will apeak at the opening oeremony of the 30th annual session of the WHO Regional Committee tor the Western Pacific This will be at
      102 words
    • Article
      Lever Brothers' new plant
      184 2 LEVER BKChsrs (Malaysia) wm be setting up a factory to produce fatty adds with the collaboration of Uatrhema International. Unichema is Unilever's dsorhemkal division and it has opsrntlag factories In West Germany and the United Khtfdom. Unichema wm provide the technical eapet dse and it Is
      184 words
    • Article, Illustration
      Vital focus is on liveware rather than hardware
      463 2  -  By HSUNG BEE HWA PHYSICAL hardware alone Is not enough to ensure producdvity. Both management and staff must be convinced that it is in their interest to work towards increased productivity as well. Mr Lim Chee Onn, the secretary-general of the National
      463 words
    • Article
      MEMO PAD
      480 2 COURSES AND TALKS Sep 17-Oct 29: How to be literate in Chinese, Nissen Hut 58, University of Singapore Department of Extramural Studies Sep 17-Oct 29: English Pronunciation, New Lecture Theatre 5, University of Singapore Extramural Studies Department Sep 18-Dec 4: Financial Management Part II (12 lectures), Bukit Timah
      480 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      680 2 w THE TOKAI BANK,LIMITED (Incorporated with limited liability irvJapen) Head Office:- 21 -24, Nishiki 3-chome, Nagoya Non-Consolidated Balance Sheet Cash and Due from Banks Call Loans Securities (Note 4) Loans and Bills Discounted (Note S) Exchanges (Note 6) Other Assets (Note 7) Premises and Equipment March 31, 1979 (Amounts m
      680 words
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  • REGIONAL
    • Article
      Lock icon HK comex may trade in soybean futures
      231 3 AFP THERE is a strong possibility that the Hongkong commodity exchange will soon launch futures trading in soybeans. Exchange sources said yesterday they expect the government would shortly approve proposals to do so. It was reported in May that the exchange, prompted by
      AFP  -  231 words
    • Article
      Lock icon Japan's deficits increase
      160 3 Reuter JAPAN had revised overall balance of payments deficit of US$3B7 million (SsBl2 million) in August, up from the preliminary $370 million deficit and compared with a $1 billion deficit in July and a $346 million surplus a year ago, the Japanese Finance Ministry said. The revised
      Reuter  -  160 words
    • Article
      Sabah may ban log exports
      133 3 THE Sabah government may ban export of logs if the current decline in timber prices continue. The decline in timber prices has been attributed to large stocks held by Japan, the biggest importer of logs from Sabah. Government sources in Kota Kinabalu said Sabah is
      133 words
    • Article, Illustration
      Lock icon Gains in energy output
      150 3 AFP IN a review before China's 30th anaiversary on Monday, the official New China News Agency said China has made rapid advances on the energy front in the last 30 years. It is now the world's third largest producer of coal, up from the tenth portion
      AFP  -  150 words
    • Article, Illustration
      Lock icon Concern over conflict spilling into Thailand
      411 3 Reuter THE United States has told Vietnam and the Soviet Union of its deep concern about the threat of the Kampuchea bonflict spilling over into Thailand, a high State Department official said in Washington on Thursday. Mr Richard Holbrooke, Assistant Secretary of State for
      Reuter  -  411 words
    • Article
      Review curb on Malaysian logs Australia urged
      452 3 MALAYSIA has asked Australia to review its import restriction on Malaysian timber and timber products to help redress the current trade imbalance and to promote effective diversification of the Malaysian timber industry, Primary Industries Minister Paul Leong Khee Seong said. Mr Leong said
      452 words
    • Article
      NOT TO BE BLAMED
      259 3 FREIGHT forwarders and importers in Malaysia have gone on the offensive against the blame placed on them by the Deputy Transport Minister All Sharif for the reported pile-up of containers at the Port Klang container terminal. They claimed that the Deputy Minister was misled by Kontena
      259 words
    • Article
      Non-stop service
      71 3 MALAYAN Railway plan to introduce a non-stop train service for its ButterworthKnala t route next year, its general manager, Datuk Ishak Tadin said. Datuk Ishak said Malayan Railway is awaiting the delivery of new coaches it has ordered. However, he did not (Hncioee when the service would be
      71 words
    • Article
      CRA makes all-out bid
      62 3 CO ZINC Rlotinto of Australia (CRA), the Australian arm oi the British giant Rlotinto, is making an all-or-nothing bid worth AHB9 million (***** million) to take over the Australian company Broken Hill South. The takeover would result in a significant increase in the Australian shareholding of
      62 words
    • Article
      Lock icon China extends feelers for reunification
      503 3 AP CHINESE authorities recently made a aeries of proposals tor reunifying Taiwan with the mainland using an American expert as a diplomatic intermediary. Dr Franklin Lamb, undertook the assignment last summer while on a visit to China as head of a delegation of US Democratic
      AP  -  503 words
    • Article
      Lock icon Laying down the guidelines
      605 3 UPI THE Central Committee at the Chinese Communist Party is meeting in Beijing to lay down political and economic guidelines for the country (or the next year, diplomatic sources in Beijing said yesterday. There was no confirming announcement from the party or the Chinese government. Meetings
      UPI  -  605 words
    • Article
      Lock icon Architect Pei to design new US embassy
      311 3 NYT MR IM Pei has been selected to design a new US Embassy in Beijing to replace the badly overcrowded American diplomatic facilities there, a US State Department officer disclosed Thursday. "It is a happy Juxtaposition of talent and a man who understands
      NYT  -  311 words
    • THE REGION IN BRIEF
      • Article
        Lock icon FAKE WATCH SYNDICATE
        441 3 Agencies HONGKONG police said yesterday they have uncovered what they believe to be one of the largest counterfeit watch syndicates operating in Hongkong. A spokesman said in a series of raids on Wednesday and Thursday (he police seized fake watches and parts, which could fetch HK$2 million.
        Agencies  -  441 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      120 3 'I \\.> &F2Z.~ m i. ■p* The Eurochair. Diethelm Eurocnairs for conference rooms and reception areas Sophisticated. Luxurious and Comfortable The unique modular system provides flexibility in arrangement, to suit modern office areas And their clean modern lines add a new dimension to your office environment For top management level,
      120 words
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  • RAW MATERIALS
    • Article
      Rubber prices gain eight cents on the week
      263 4 A RETURN to steadier conditions has been encountered as rubber prices gained some eight cents, and more in the case of forwards, with turnover moderate to good throughout the week ended Sept 27. The rise was due to future speculative rather than
      263 words
    • Article
      Wheat
      158 4 WHEAT futures on the Chicago Board of Trade closed 11 1 4 to 14 US cents a bushel higher on Thursday, concluding a session of large volume trading. Traders noted heavy commission house stop-loss buying as prices climbed in the afternoon. Wheat prices found additional support due to a
      158 words
    • Article
      Soybean
      104 4 CHICAGO soybean futures on Thursday finished higher, closing with limit-up gains of 30 cents a bushel in the September and deferred November. Increased European demand for soybeans, prompted by a weaker US dollar, supported prices throughout the session, traders said. Commission-house stoploss buying boosted prices in theafternoon as locals
      104 words
    • Article
      Produce exchange
      365 4 of overseas support again made for a generally dull aad barely steady Singapore produce market yesterday. Dealers said that the big buyers in Europe had withdrawn into the background. The few who were still in the market were quoting at prices too low to attract sellers here. Most
      365 words
    • Article
      Textiles
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) CMm yam: China Blue Phoenix Hi MS; 32s 2J40, 40s 3,0U (per bale of 400 lbs). IhH (Nil: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      Lock icon COPPER FEVER
      227 4 AP AFTER the spectacular rises in gold and silver prices in the past few weeks, speculative fever is now boiling up in the copper market. The price of a pound of copper soared 9.35 cents to US$l.O7 a pound on Wednesday, one of the biggest oneday gains ever
      AP  -  227 words
    • Article
      Straits tin
      65 4 THE BTEAITB tla Mstl per pleal to The Mittaei flraaess reflected strsag Eanpe Mi rwlln tal moMm m well m by US, iaeil ui 4tp»ioie laleiesls. dealers nil A steadier —Its dsse, —stslaed sterUag streagth agalast the PiMggtt aid i tow ®»PPty tto ere tram misers ales heested
      65 words
    • Article
      Rice
      325 4 HNGAPOBE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop O.M, 100 pa- cent second claa 0.83, 100 per cnt third cUm 0.80, 99 per cent new crap no stock, B-10 per cent 0.70. THAI BROKEN: A-super 6 62. OJB.
      325 words
    • Article
      RUBBER
      330 4 OPENING prices la Singapore yesterday were about unchanged but thereafter the market fluctuated krefuhuiy on short-covering and profit-taking. Values recovered towards noon but profit-taking emerged again to pare the gain slightly. Some forward activity was noted, dealers said. The morning session closed slightly easier with October One RSS buyers
      330 words
    • Article
      RAS PRICES
      289 4 R A-8. prices In cents per kilo yesterday: (per kOo) (per kOo) Int. 1 H&S. prompt f.o.b. 2V7.90 Int. 1 RU October MOO Int. 1 November MJS Int. 2 R.S.S. 281.50 UK/Gmt MJO IM.3R.S.S. 278.50 UK/Coot 277JO lot. 4 R-S.S MJO UK/Coot MJO Int. S R.S.S. MJO UK/Coot
      289 words
    • Article
      SSR and SMR
      105 4 NOON SSR Md SJ KAS iSS ji l(MLB 8MRCV (1 SMR L MR I-IOB l-taa *fc»] 1*0* "S*i pau«*. (Carraat Mtfc) Bvrtn Saltan *7JO 28PJ0N 284.40 288J0N 1 S12J0 314JON I ***** 314 JON Nmatar (forward Mtfc) Wyin Saltan I 287.40 288.SON 1 284 JO 288. SON
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    • Article
      I ■ I Closing prices
      34 4 I I Closing prices Rubber: Sept 28 Singapore: October: 287.00 cents (down 130 cents) Malayaia: October 286.75 cents (down 1.75 cents) Tin: Msl t 992 (up $20 Official offering: 190 tonnes (up 20 tonnes)
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    • Article
      Hongkong Comex
      138 4 THE SUGAR futures market yesterday closed firmer in continued dull and featureless trading, dealers said. Nearby October expired after the day's trading and it closed at 10.46/50 US cents against Thursday's 9.86/90 close with the distant September at 12.50/54 against 12.00/04 cents. Sugar future* closing prices: Oct 10.41/50
      138 words
    • Article
      LONDON MARKETS
      610 4 Com*/ Robusta futures closed the morning steady although end-morning values were mixed at £7 per tonne down in November to £19 up in January. Turnover was 1378 lots including 21 options. BU6AB: London daily sugar price quoted as raw £121 (up £7) and whit* £128 (up £3). COCOA:
      610 words
    • Article
      Palm oil
      69 4 C JJF. North European ports, In US dollars per ton unless otherwise stated. LONDON: Thura Previoua Malaysian 5*V ffa bulk per tomx November 636.00tlr 636.00*lr Sumatra 5 r < ffa bulk September 637-SOpd 647.60alr October 637.50pd 646.00»1T November 640.00pd friS.OOalr December M6.00alr 64&.00alr January 640.00pd 662.50pd Nifaria 6
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  • ASIAN STOCK
    • Article
      Lock icon Market still strong
      695 4 TOKYO Source: DBS-Daiwa MARKET vitality remained strong yesterday as evidenced by the expanded volume of more than 500 million shares (or three consecutive days. The Nikkei Dow-Jones average surged 50.80 points, reach-' ing an all-time high, in the morning session. It then sagged a little due to
      Source: DBS-Daiwa  -  695 words
    • Article
      Bangkok
      177 4 PRICES yesterday closed mostly unchanged, dealers said. First Trust row two baht to ltt, M u> —^-f Drying aad SOo was DDchaaged at US wtaOe Bangkok Bank eassd two baht to v Stem Cement was oncfcaaged at SM, Asia Credit saaad two baht to 210 aad United Floor KOI
      177 words
    • Article
      Hongkong
      287 4 EARLY market win—gave way to mammoth buying on the exchanges yesterday as the fury of a Hongkong speculative (or otherwise) bull market was unleashed. Chaotic conditions similar to 1973 existed as buy orders poured in from everywhere. Brokers (eel that unleas there is a disastrous outcome from the Cheung
      287 words
    • Article
      Sydney
      199 4 MPT Cnu industrials A. C. I. m A. M. I. M a. r. u. 1*1 +i P**•**■ Ml an ■A Bllft NSW M t M— m en jzm xm ♦4 Ctk. «M B Coal Alitsd *M m 1 Ex. la& JM -I ODcfc L f! I m oncM if!?
      199 words
    • Article
      Manila
      89 4 SB Pom M ♦MM MJO am +U unch Bcncucl Con. B BT Ooodrtch a u JO JO rnrp u an -a i toco B Landoll mi -CjOOOb Lepuito B MUndnqt B XI ixao IK an tUi ♦u» -a i Oruoui A OrtoaMJ B PMI tllWM PbUtx A PtiUcx B
      89 words
    • Article
      Selected indices
      61 4 FINANCIAL TIMES INDUSTRIALS Thursday 47X0 Wednesday MM Week Ago 406.1 DOW JONES A VEKAOE INDUSTRIALS Thursday j.mn.46 Wednesday MUt Week ago MM® LONDON DOLLAR PREMIUM Thursday M to Mvk Wednesday 37 to 37* HJLHANG SENG Friday _MJI *Ht70 Week ago glUi SYDNEY INDUSTRIALS Friday MS Thursday MLR Week
      61 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      255 4 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 It pays to be listed in the Straits Times Directory of Singapore. Singapore businessmen have known that for the last 82 years and
      255 words
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  • OVERSEAS
    • Article
      DAILY AIRCRAFT MOVEMENTS
      759 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL SIA/BA SQ/BA17 0710 LHR/BAH MAS MH682 0710 KCH SIA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP
      759 words
    • Article, Illustration
      SHIPS IN PORT
      373 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Sea 707 (Tanker) (0900 after Bangsaen Subject gas free P/O) 13 Hoegfa Orris (after Zuider Sea A Jiangdu) 38/39 Joo Hong (Tanker) (after Bangsaen Subject gas tree P/O) 14 Kyuta Maru (1500 after Jiang Chang) 4041 Nedlloyd Fresco (after Nedlloyd Waalekerk)
      373 words
    • Article
      Lock icon Opec countries may raise crude prices
      336 5 Reuter NIGERIA, Algeria and Libya may raise their fixed contract oil prices by US$5 (5J10.70) a barrel from Monday, Oct 1. Rotterdam spot oil market sources said rumours in the spot market have caused both crude oil and oil products prices to rise and
      Reuter  -  336 words
    • Article
      Lock icon US forms export caucus to cut down trade deficit
      490 5 Reuter A US Senate export caucus, aimed at creating measures to decrease the US trade deficit, was formed on Thursday under the leadership of senators William Roth and Adlai Stevenson. Caucus objectives include limits on America's trade bureaucracy, business tax incentives
      Reuter  -  490 words
    • Article
      Ford Motor in loan market
      235 5 THE FORD Motor Company has borrowed approximately US$5OO million (551.060 million) from banks around the country in the last few weeks, according to banking sources. This marks the first time since the recession of 1974-75 that the usually cash-rich car manufacturer has turned to banks
      235 words
    • Article
      Lock icon Narrow-minded aid
      166 5 AP SWISS National Bank president Fritz Leutwiler says Switzerland's policy on development aid is "narrowminded" and in urgent need of reform. In an interview published on Thursday by the financial newspaper Handelszeitung, Mr Leutwiler said Switzerland's continued failure to cooperate with the International Development Agency was a "disgrace"
      AP  -  166 words
    • Article
      Lock icon LONDON FREIGHT
      142 5 UPI IN MOST sectors of the freight market, shipowners' prospects for securing better rates are improving on a generally strong demand for tonnage, including interest from Soviet and Chinese charterers. Eastern Hemisphere sugar trades became more lively and demonstrated firmer rates on Thursday. CSR fixed a 14,500-too Oct
      UPI  -  142 words
    • Article
      Lock icon Mexico proposes adoption of world energy plan
      380 5 NYT MEXICAN PraMeat Jm Lepes Pertllto, la a UN to the energy pnMia, Tharaday prepaaed the adeptlea ef a werM energy plan. The plaa, he aali, shaaM "©ever all as fleas, bath haves aad have aeto, Mailag aa all aai having as Its
      NYT  -  380 words
    • Article, Illustration
      Lock icon Another oil price explosion will shatter economy
      520 5 Reuter WEST German Chancellor Helmut Schmidt said today the Opec oil-producing countries could ruin the world's economy if they went on hoisting prices as they have this year. "The world can still go to pieces economically if oil prices are managed again in
      Reuter  -  520 words
    • WORLD IN BRIEF
      • Article
        Lock icon INDUSTRIAL PROGRESS
        523 5 Agencies INDUSTRIAL co-ordination among Gulf states is proceeding well, Saudi Industry Minister Ghazi Al-Qusaibi said Thursday, describing reports of a lack of co-ordi-nation as "grossly exaggerated." In an interview with the Qatar weekly Al-Rayah, he said that a mark of this progress was the creation of the Arab
        Agencies  -  523 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      26 5 Scientists Engineers Mathematicians Statisticians and all Geniuses. This is the answer, to your ETTT#IS ir.i r 16-digit alpha-numeric dot matrix rolling writer-calculator^ V I r ggjS
      26 words
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  • Article
    For the sake of mutual benefits
    418 6 THAT Singapore proposes to invest more than $2 billion on the Indonesian island of Batam over a period of ten years is a significant milestone in the relations between Indonesia and the Republic. And it augurs well for the future that a senior Indonesian
    418 words
  • Article
    Which is the lesser evil?
    232 6 SOME astute judges of value may find the report about imitation watches quite amusing. While the Cartiers and Cardins of this world wring their hands in frustration that anyone could have the audacity to put such priceless names, illegally, on to inferior timepieces, the audacious
    232 words
  • Article, Illustration
    JWT comes to woo the local consumer
    1411 6  -  Singapore consumers are daily wooed by an ever-increasing pool of products and services and courting these consumers on behalf of their clients are an army of advertising agencies. MARGARET THOMAS recently spoke to one of the latest recruits giant J Walter Thompson whose
    1,411 words
  • Article
    Lock icon Brazil's multi-million dollar coffee trade
    815 6  -  By RIK TURNER FT THE dally discovery of dead bodies testifies to the dramatic growth of the coffee smuggling trade along Brazil's border with Paraguay. This trade is now worth US$5OO million (S$UOO million) annually. About three million bags of Brazil's most important export are
    FT  -  815 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      36 6 TO ADVERTISE YOUR INDUSTRIAL PRODUCTS AND SERVICES TO MORE THAN 36,0N BUSINESS TIMES READERS IN OUR TUESDAY INDUSTRIAL SERVICES COLUMN PLEASE CONTACT: TOMMY LEE BUSINESS TIMES 1 NEW INDUSTRIAL ROAD SINGAPORE 1953 TEL: 284-8844 EXT 253
      36 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1052 6 TV RAD Super sports series la Wve hat, ateek, tke City. This Im pwea to ke pgas Hi Ike taapmiy flftHlil if yiH wklM dead talker was kla Mead. Naturally tkey tall sxa 4. ekaaipleaaktfe Ami aad tke redee Baali at 0 y to tke II ke fai BteSINGAPORE 5
      1,052 words
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  • Article
    Lock icon Hongkong hopes go underground
    1425 7  -  By BARRY MOODY Reuter HONGKONG next week opens the first Stage of an underground railway it hopes will radically transform public transport in the overcrowded British colony and save it from being strangled by traffic congestion. The Mass Transit Railway (MTR), will be one of the
    Reuter  -  1,425 words
  • Article
    Lock icon Gold blesses economic boom in South Africa
    1035 7 The Economist SOUTH AFRICA is cashing in on its gold blessings to $ake sure that consumer spending continues to rise iber four years of recession and stagnation. The Finance Minister, ®r Owen Horwood, ha announced a R216 million package (about US$26O million or
    The Economist  -  1,035 words
  • Article
    Lock icon The decision of a good man to do nothing necessary
    832 7  -  FORUM. With WILLIAM SAFIRE NYT "THE only thing necessary for the triumph of evil," wrote Edmund Burke, "is for good men to do nothing." Secretary of State Cyrus Vance is generally considered a good man. No great shakes as a
    NYT  -  832 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      170 7 Study Accountancy with the Specialists Study with Foulks Lynch J 1 ONDON Since 1 NN4 l oulks I nch ha\e specialised in tutorinn st udent st rom all round I he w or Id i or l he various Accountancy exam in at ions and over these ears ha\ e
      170 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        272 8 SEP 27 Fr» CORBEILLE Alr-Liquide son 13 B 8 N Gervai* Dtnofw 930 -1 C 8 r (ThomjonC»f).r. w -J Ctc Franc&ise tm Petroie* 273 2 Comp«cnie Financier? Cocnpafnie Oenerale 375 90 -4.1 Credit Foncier De France MO -14 Hachette (Ubrarne) 229 50 -04 Machine* Bull 66J0 1.2 Mlchelln
        272 words
      • Article
        Amsterdam
        188 8 sep n FU abn ***** 0J Ahold m oo -0.5 Akzo 28 40 -0.1 amev 101 00 1 Am fas 121.00 4-1 Am ro Bank 71 JO *0J 58 90 101 JO -0.4 -0.7 Hnta at jo 02 Borsumij 170.00 0J Burhmann 82)0 unch Byenkort 71.00 unch Cal»e Delft
        188 words
      • Article
        Frankfurt
        191 8 SEP 71 Da Aef-Telefunken 42.80 -u Akto 25 .80 -01 Alii Leben MUO unch Alls Ver» *m oo -1 BASF 13k B0 0J Bay H T Wt*nM 254 00 Bay Vttnk 217.00 R|y«r 132-20 BBC 298-00 unch BMW 174 JOB -X Cauella 38&.00B Chen Vtrw mm Commenbtnk ***** Conn
        191 words
      • Article
        Zurich
        187 8 SEP 27 Francs Actions Sulsses 300 -2 Alusutsse Br. 1315 5 M—mm Ret 301 -1 Brown Bovert Br ltfO 5 Cite Geir» Br 1205 -10 Clb» Gei«y P c 102S -10 Ctte Of icy Rm TlT ♦I Credit Sulu« Br 2290 -S Credit Sum Ret 130 unch Ekektrowatt Br.
        187 words
      • Article
        Brussels
        86 8 8EF n Ftrn FORWARD MARRET Are* 411 Arbed BH -J Astur Brufin UO 10 •74 Bra-Lamb 1735 unch Can par M2 -U Cock «oe -t rw R—" m unch Phn 2116 -S HTiVnrnHI •no +30 1114 *2 aae *40 [y!?yf S3S0 +11 2330 +2S Sidro UK -3* 8oc Oen
        86 words
      • Article
        Milan
        93 8 Ajaoc On Ba*to«l Cen irate Ftal 4saoo m <940 MM MOO ■4 -JO Flnskter IS -J Oen Imrooto 19 -05 in Pr» SOW -s ItalcemenU 21(00 -IM ILaifu 124 •14 lUUtder Ml uncb M&cneu H PI Ml Marelil Ere 379 -a Med lob OHO low Mtralann 21MB 10 Mondadort
        93 words
      • Article
        Boost from metals
        1346 8 NEW YORK THE METALS group continued to provide support for the stock market on Thursday as prices advanced in active trading in the face of generally bleak news. Along with strength in metals, analysts credited the firmer market to end of quarter window dressing and the faint
        1,346 words
      • Article
        TORONTO
        200 8 SEP 27 C$ Abitibi 7n Hud Bay Mm Imp Oil Inco Xl<, «3S 17'. I s Alc&n I7S 4. Il Int Pro* Pipe M'J uncb Alfomi Int UU 15', Bank Mont Ki, Intl Nickel f»*. Btnk Nora ficoUt j M A uncn Kerr Add lis 4<* Bell Tel Beth
        200 words
      • Article
        JOHANNESBURG
        258 9 SEPT XI Rand Oaia 1290 uneh Tongaat «J5 .«»»h INDUSTRIALS g V UBImc IK unci) A a£XZ 2 m At And a MININGS Barlow* 705 unch Anglo* MM 1* Cf Sugar MB Anginal MMB CNA 306B BefTeU ton I* Cunte Ptnanca 115 Bljryoon MM D» Bc«rs Ind ***** Brand
        258 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      620 8 See Page 4 for Asian stocks e See Page 9 for Jo'burg prices Where to wine, dine and entertain Steak House Try our Teppan-Yaki steak In our oosy, personalised atmosphere A truly mouth-watering delight And a time that you'll remember. Business Hours: Lunch 12.00 noon 2.30 p.m. Dinner 0.00 p.m.
      620 words
    • Advertisement
      Page 8 Advertisements Column 2
      19 8 Have fun this Sunday. Take• break from the stresses of office, house and school work Relax at our poolside.Takeadip.
      19 words
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  • MONEY AND EXCHANGES
    • Article
      Singapore market
      487 9 THE US dollar firmed against major currencies yesterday despite news of a widening of the US August trade deficit. Activity In the market was highly volatile. Against the yen, the dollar opened at 223.40/50 compared with the overnight fix of 222.10/20 and the Tokyo opening of 222.70/ SO.
      487 words
    • Article
      London
      250 9 THE DOLLAR yesterday firmed from lows seen in New York overnight with the help of central bank intervention, dealers said. News that US money supply M-l feU US$l billion in the last reporting week may have aided dollar sentiment, after it was hit by a wider than expected $2.36
      250 words
    • Article
      Asian $ rates
      158 9 Asian rates ASIAN currency deposit Interbank rates as at close on Sep 2& sSSSSl fiiiiii USMMlMt) lifme u ivi6 131/16 1213/16 12H 12W 12 13/1612 11/16 1213/1612 11/16 127/16 123/16 123/16 123/16 Bw.Tr*. Dm. (NlMlt PriMt) 1 month 3 months 6 month* 12 months 11/16 7 1M 7W 113/16 7
      158 words
    • Article
      Discount
      48 9 RANGE of price* offered by discount houses on Sep X: Overnight to S'/i'X Call deposits 5'*% Closiaf Bayiaf SelliM 3 month Treasury bills 5 l < 5H 3 month Bank bills SH 8'. 3 month CD 89/16 87/10 0 month CD 8V< 8H Source: National Discount Co Ltd
      48 words
    • Article
      Australia/NZ
      59 9 QUOTES on the Australia and New Zealand exchanges on Sept 28: AUSTRALIA: US dollar 1.1322/1.1274 Sterling 0.5140/0.5077 Ninety-day airmail buying rates: Sterling 0.5383 US doUar 1.1770 Ninety-day forward buying rates: Sterling 0.5196 US dollar 1.1404 NEW ZEALAND Reserve Bank midrate USJ***** Trading Bank indications: Sterling 0.4565/0.4534 US dollar 1.0113/1.0013
      59 words
    • Article
      Frankfurt
      40 9 FRANKFURT exchanges opening quotes on Sept 28: US 1.7465/80 (1.7450/C0) Stg 3.840/850 (3.835/845) Can -1.5049/67 D Fl 90.15/25 S Fr -112.09/25 Ut -1171/4 F FT 42.54/9 N Kr 35.65/8 B Fr (con) (.188/96 B Fr (fin)- 5.972/982 Yen 0.7791/7808
      40 words
    • Article
      PLR
      22 9 THE average rate at which major Singapore bank* are currently prepared to lend to their beat customers is 8.9 per cent.
      22 words
    • Article
      Gold futures close higher
      360 9 THE SINGAPORE gold futures market yesterday closed between US$9.5O and $12.00 higher in moderately active trading, dealers said. The market was suspended liihit-up in the moraing with indications issued at around 11 JO but values fell back towards the close on some profit-taking, they added. Total
      360 words
    • Article
      Treasury bill tender
      71 9 RESULTS of tender held yesterday for 91-day bills (to be issued on Oct 1 and from Oct 3 to 5) and 182-day bills (to be issued on Oct 1): tl-dsyMte i«2-dayMta Offered: (70,000,000 <30.000,000 AffM tar: S162.120.00 M8,000.000 AlMtotf: 70.000.000 00,000.000 Accepted Mis: WJi &.U approximately 37%
      71 words
    • Article
      Tokyo
      185 9 THE US dollar for overnight delivery yesterday closed firmer at 223.45 yen, compared with a 223.30 opening and 222.75 at Thursday's close, dealers said. Trading was fairly active with volume US$B22 million. The dollar strengthened in moderate late trading on continued buying by Japanese banks to meet endmonth remittance
      185 words
    • Article
      Hongkong
      143 9 THE US dollar yesterday firmed slightly on the day against major currencies and was traded quietly in very thin late Hongkong exchanges, dealers said. It Armed on end-week/ end-month book-squaring. Many operators were not dealing in the late afternoon. The US unit was firmer at 1.7407/17 marks after an
      143 words
    • Article
      Lock icon Brazilian central bank yen loan
      182 9 Reuter BANCO Central do Brasil is to borrow 5.13 billion yen from a Japanese consortium formed by the Japan International Cooperation Agency (Jica) and 16 Japanese banks, Tokyo banking sources said. The two-year loan, to finance agricultural developments in the Brazilian state of Minas Gerais,
      Reuter  -  182 words
    • Article
      Lock icon China's ready to join the world's money bodies
      555 9 Reuter CHINA is ready to Join international monetary organisations and accept loans from these bodies, including the World Bank, Chinese Vice Premier Gu Mu said in Beijing yesterday. The timing of Beijing's formal application to Job the organisations is still under discussion,
      Reuter  -  555 words
    • Article
      Lock icon HKSBC opens Dublin branch
      89 9 AFP HONGKONG and Shanghai Banking Corporation (HKSBC) opened its first branch in Ireland in Dublin on Wednesday, extending its satellite-linked network to a total of 40 countries. The new branch will provide full banking services to importers, exporters and the business community in Ireland, especially for
      AFP  -  89 words
    • Article
      Lock icon Citibank NA may raise its PLR
      323 9 Reuter CITIBANK NA- has the option under its prime lending rate formula to raiae its rate to a record 13V4 per cent this week from the industry-wide 13V« per cent, money market analysts in New York said. Its formula indicates a prime rate o(
      Reuter  -  323 words
    • Article
      Lock icon Tokyo may float $8 b building bonds
      163 9 Reuter THE Japanese Finance Ministry has proposed to a syndicate of national bond underwriters the flotation next month of 800 billion yen (about SJB billion) of 10-year 7.7 per cent construction bonds. A syndicate spokesman said the ministry is also understood to be
      Reuter  -  163 words
    • Article
      Lock icon Brazilian bank may set up branch
      86 9 Reuter BRAZILIAN bank Banco do Estado de Sao Paulo is considering setting up branches in Singapore and Bahrain, officials of the bank said. Bank president Joaquim Peixoto Roc ha and external director Elmo Araujo Cam pes will visit both centres after the International Monetary
      Reuter  -  86 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      295 9 HUME INDUSTRIES (MALAYSIA) BERHAD, PETALING JAYA, invites applicants for the following positions:CHIEF ACCOUNTANT The successful candidate will be required to lead a large accounting department, review and enhance existing accounting and financial systems, procedures and controls, as well as to assist in the development of a sound business information system
      295 words
    • Advertisement
      Page 9 Advertisements Column 2
      163 9 MCCP9 93/1/79 VCJL3.NO9 SEPTEMBERS PRCE $300 t mm as sr ?OU, *k* a tf W The troubled world economy notwithstanding, some sectors of the Singapore economy look set to enjoy continued growth. The September issue of Singapore Business looks at one such area tourism. Major articles are: Tourism: More to
      163 words
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  • Article
    BUSINESS DONE ON THE SES & THE KLSE
    1428 10 BUSINESS DONE ON THE SES THE KLSE In Singapore BID aad aflar pricea officially UMd sad Mm Ib u reported to the Stock Exchaafe ct ymterday with the nte of Am traded in brackets to kits of I.oo* units uafcas uthaalae apscifled. SECTION ONE INDUSTRIAL ft COMMERCIAL Aeaa (140B)(1>1« AlHed
    1,428 words
  • Article
    Unit trusts
    136 10 (Ma l*«hrM >1) t I The Onm— n Ul Ul The Saving Fui ■d 142 LSI Income Bond LM LM 8* per* Prog n ■d i.r Ltttd MAMA IDIIlf r— A S'pore Sec hi S'pore lavMt V ■d 1.73 \tmtS LM LM LIT MM >» S'pore Equity 1
    136 words
  • Article
    SHARE INFORMATION SERVICE
    2678 10 1979 High Low Company Last Sale orGr'a Dir Dlv Cv* Gr'a YTd Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 281 198 148 180 272 74*4 256 350 215 380 207 123* no 140 255 57 W 185* 226 177 256 Aetna Alcorn
    2,678 words
  • Article
    Government bonds
    30 10 4 1/8% 1/8/80 (290,000) (4) 9MB 4 S/4% 15/8/80 (290/100) (4) Ml* 6 1/4% l/S/81 (260,000) (4) 8630 6% 1&/4/S1 (S5OJ00)(4) 97W 6 1/1% inrn-%i (ssojooo) (4) 6636
    30 words
  • Article
    In Kuala Lumpur
    1626 10 BID aad otter prion officially listed and buttons in and reported to tkc Kuala Lumpur Stock Eadtaage yeaterdajr with the Dumber at *mrm traded shown la brackets hi tote ot (led. SP MNORUU IJhinili (ZJBB IM) (1) IM AInn(IMB2MS) A M D (0.48 OMWS) ■an (1MB) (I)
    1,626 words
  • Article, Illustration
    Shares get over bout of selling
    703 10 MA— 6 MS 1811 M U> ghppMt yesterday. Tk« tradlag Übm i Stowed deWB Bttte M ipmlltw 66< |6TM>W iimil lar a Imtfev. Bat the kite altera 668 aaw revived activity. A haadfalef shares feaad the day aad tkm wen srsa-isr Baylag la sttaatleaal
    703 words
  • Article
    KLSE closes fairly steady
    496 10 SUSTAINED buying interest took prices to a (airly steady close at the Kuala Lumpur stock market yesterday. Trading was again fairly active as market operators continued to give their support to a wide range of stocks. There was initially some hesitation on fears that the overnight's
    496 words
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  • COMPANY NEWS
    • Article, Illustration
      Tasek bucks downtrend to record earnings rise
      715 11 TASEK Cement has chalked up further substantial earning* growth at a time when two other listed cement companies Malayan Cement and Pan Malaysia Cement Works (PMCW) have recorded reduced earnings attributable to rising costs, especially that of fuel oil. Tasek's results, just released,
      715 words
    • Article
      Matsushita hits a dull patch
      479 11 MATSUSHITA Electric Company has hit a dull patch at the halfway mark and may see little improvement in profit this year after 11 years of continuous growth. For the six months to June 30, Matsushita posted a marginal 2.1 per cent rise in pre-tax earnings
      479 words
    • Article
      Trengganu Development gets a shot in the arm
      413 11 TRENGGANU Development and Management (TDM) received a substantial shot in the arm from its refining and trading associate. Palm Oil Products (M), during the first six months ended June 30. Without this, the group pre-tax profit would have been slim indeed at
      413 words
    • Article
      RESULTS DUE
      136 11 Dale Last Fall Year CMpuy Pertoi hm—w* Net EPS Graaa Pre-tax teat year (aorta) Dhr. Praflt (%> (rut) Fancy Tile I 14/9 8.3 1,010 Bovis I 15/9 14,509L Leong Huat I 15/9 .3.3 250 D Keramat I 20/9 89J 146.5 25,895 KTPau I 20/9 28.7 32.0 1,771 Alcom
      136 words
    • Article
      Sealion succeeds in luring higher paying guests
      446 11 AWAITING approval for plans of its own extension, Sealion Hotels, the owner of the Singapore Hyatt, has succeeded in another area of strategy that of attracting the higher paying hotel guests. This year, the hotel has managed to shift its guest mix as
      446 words
    • Article
      BOUSTEAD IS CAUTIOUS
      440 11 DESPITE an encouraging rise of nearly a third in pretax earnings at the hail-way stage, Boustead Holdings Berhad is not overly optimistic about its current year prospects. It has forecast a profit of slightly more than $20 million for the full year ending Dec 31, which marks
      440 words
    • Article
      Esso and Shell benefit from Opec increases
      366 11 PARADOXIC ALLY, 11 •11 >HN •zzzir. heaeflto taklag the tana af zsczrszG: Mt M cnrfc Md pvi4wi "b* Matoyria, aa wttk Shell Reflalag C—pa ay (POM) carter, kaa repeated a steep rise la liiiim at kalMtaaa. Eih'i aet pnflt alter tai far Ike
      366 words
    • LATEST RESULTS
      • Article
        SENTOSA Plywood
        59 11 has re- ported pre-tax profit for the six-months ended June 30, 1979 of M 5674,000 as compared with 1773,000 for the previous corresponding period. Local sales registered 1558,000 (1880,000) while export sales registered $5.48 million ($2.03 million). Sentosa said that barring unforseen circumstaances, it envisages an improvement in
        59 words
      • Article
        SUN Heog Chia (M)
        67 11 has re- ported group pre-tax profit for the six-months ended June 30, 1979 of M 51.73 million. The parent company's pre-tax profit registered $1.22 million ($174 million). The group's profit incorporates for the first time results from the whollyowned subsidiary, Sin Heng Chan (Butterworth) Sdn, which
        67 words
      • Article
        NATIONAL Iron and Steel Mills:
        94 11 Group pre-tax profit at Q6 21 million ($14.35 million) far the half year ended June 30 on turnover of H2L34 million (183.64 million). Parent company pre-tax profit waa $24.47-million (113.002 million) on turnover of $114.06 mfflkm (S7MO million) The interim dividend clared by the board
        94 words
      • Article
        EU Yun Holdings
        65 11 hat reported group pre-tax profit for the fix months ended June SO, 1779 of *05,811 u compared with MK,-. 191 on group turnover of $5.64 million ($5.17 million). Company revenue registered |9,G06 (16,620). Barring unforeseen circumstances, the directors are of the view that the group pretax profit
        65 words
      • Article
        LEONG Huat Industries
        52 11 has reported pre-tax profit for the six months ended June 30, 1979 of *488,260 as compared with a loss of $189,751 for the previous period on sales of $5.69 million ($2.28 million). The company said that trading in the latter half of this year will continue to
        52 words
      • Article
        HOLTON Properties
        124 11 has re- ported pre-tax profit for the half-year ended June 30, 1979 of M 5241.613 as compared with $1.44 million for the previous corresponding period. The group has now adopted equity accounting. llae comparative figures have been adjusted to conform with the change in accounting policy for associated
        124 words
    • TAKING STOCK...
      • Article
        Lock icon Sweet smell of...
        421 11 HOCK LOCK SIEW PERIJS Plantations' reverse takeover of Malayan Sugar Manufactuing (MSM) during that fateful June three years ago marked the beginning of a new era for the group that few of us foresaw at the time. With the injection of MSM, Perils was transformed from a
        HOCK LOCK SIEW  -  421 words
      • Article
        Lock icon HSBC defends sale price
        270 11 Reuter THE Hongkong and Shanghai Banking Corp said it was satisfied that the HK17.10 a share price agreed for its sale of 90 million Hutchison Whampoa Ltd shares to Cheung Kong (Holdings) Ltd was fair to both buyer and seller. "While it is claimed that the
        Reuter  -  270 words
    • Article
      DIVIDENDS ANNOUNCED
      536 11 Current Ex Book* Data Total for Total tor Payaiaat Date Cloaa Payable the year Previous year G E Life 9*1 8eptl7 Sept 24 Sept 29 9* 94* Prima 6*1 TE Sept 10 Sept 17 Oct 1 6*TE 90*(c) Carls berg 10*1 8ept 13 Sept 25 Oct 2 10*
      536 words
    • Article
      SCRIP ISSUE
      120 11 Com pa ay Particulars ti Date Books Close UO B Kalis Bo<fcw» SKA Corp TMWU Fucr TU# MUM Bonus Issue of 1 for 10 Rights Issue of 1 for 6 a JlJOper share Bonus Issue of 1 for S Bonus Ifsue of lfor 1 Bonus Issue of 1
      120 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      206 11 THE INTERNATIONAL LAUNDRY, DRYCLEANING AND FABRIC CARE EXhOBTnON. 30 JAN. 2 FEB. 1980. WORLD TRADE CENTRE, SINGAPORE. The last tow years have seen a sudden upsurge in the demand for more efficient and sophisticated laundry and drycleaning services In ASEAN, brought about by rapid industrial and social development The offshore
      206 words
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  • Article, Illustration
    Resolution calls for fluctuation clause in contracts
    255 12 CONTRACTORS In the Asian and West Pacific region ended their meeting in Singapore yesterday with a resolution to push (or fluctuation clause in construction contracts as a safeguard against escalating costs. Members of the International Federation of Asian and Western Pacific Contractors Association
    255 words
  • Article
    Dhana defends Asean stance
    447 12  -  By RAHIM KASSIM MINISTER of State for Foreign Affairs S Dhanabalan yesterday defended the strong stand adopted by Asean on the Indochinese refugee question and the Kampuchean issue. Speaking at a television forum on Asean Background, the minister stressed that Asean will continue to take this
    447 words
  • Article
    Bintulu project taking shape
    484 12  -  By HARDEV KAUR MALAYSIA'S M 52.2 billion liquefied natural gas (LNG) project in Bintulu came a step nearer realisation yesterday with the signing of a letter of intent between Malaysia LNG Sdn Bhd and a US-Japa-nese joint venture for the construction of the processing facility. The
    484 words
  • Article
    LONDON STOCKS
    776 12 LONDON, Fri. Equities were generally a shade lower in quiet trading, dealers said. At 3 pm, the FT index was down 1.7 at 471.3. Industrial leaders were a penny or two lower though ICI and GEC lost 4p each following recent speculative gains. Government bonds were a little
    776 words
  • Article
    Pernis strike off
    80 12 THE FIVE-day strike at Shell Oil Go's giant Pernis refinery was called off yesterday, with union officials claiming angrily the company had used force to break the strike. "We will not answer violence with violence, so for the time being we have called off the action," a
    80 words
  • Article, Illustration
    Lock icon HECTIC TRADING
    60 12 UPI Hectic midday trading m Thindty it Frankfart foreign carreacy exchange as the US deiUr was fixed at 1.7438, its fewest rate since aa all-time lew en Oct SI last year. The dellar stamped ea all Earepeaa carreacy markets, with dealers Warning the greenback's fall en Arab selling
    UPI  -  60 words
  • Article
    Felda hastens pace
    239 12 THE Malaysian Federal Land Development Authority (Felda) will speed up the restructuring of its operations in anticipation of difficult times in the *****. Its director general Alladin Hashim said Felda cannot afford to stick to its traditional land-based activities in view of an imminent shortage of land
    239 words
  • Article
    Booker should be aware of all big deals
    309 12 RICHARD Charles Tarling, ex-chairman of Haw Par Brothers International Ltd (HPBIL), told the High Court yesterday that his former alternate director, Mr R K Booker, should have knowledge of all important matters regarding the company. Mr Booker, a legal practitioner here and
    309 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      49 12 r Ckankpou nickicon NKHKON (SINGAPORE) PTE. UDI convey their heartiest gratitude to the Hon. Dr Lau Teik Soon, MP for Serangoon Gardens, for graciously officiating at their opening ceremony and also to Government and Statutory Board Officials, business associates, patrons, friends and well-wishers for their support and congratulatory messages.
      49 words
    • Advertisement
      Page 12 Advertisements Column 2
      1322 12 SIM LIM FINANCE LIMITED AS AT SI HANCH IST* S. TAXATION Currant taxation Adjustment of phot years taxation Provteion for current taxation la baaed on Income for thi yaar 4. EXTRAOROMARY ITEM Surpiue arteing from government computeory acquisition of Company'e freehold land and building 5. SHARE CAPITAL Shereaol SSI/-each 166,272
      1,322 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Isolated showers in late morning. Repart for 24 ham prtor to 7J9 pan. m Sep 28 at the airpcrt. Maximum temperature 31.5 Associated humidity €4 Minimum temperature 23.5 Associated humidity 94 Hours of sunshine 6.95 Rainfall in millimetres Nil Total
      62 words
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  • LEISURE TIMES
    • Article, Illustration
      The enchanted evening
      961 13  -  By FOO CHOY PENG APOLLO 11 may have shattered the illusions of thousands of Chinese with its historic landing on on July 20 some 10 years ago. But to this day, the fifteenth night of the eighth moon still holds a special place in local Chinese folklore.
      961 words
    • Article, Illustration
      Fairyland in the Gardens
      223 13 A FAIRYLAND in Jurong. The Chinese Gardens Joins the Eighth Moon Festival celebrations with a long list of programmes linedup from Oct 5-7. The melodious music of the University of Singapore Orchestra will fill the air. Watch the procession of stilt walkers, Chingay performances and some
      223 words
    • Article, Illustration
      THE LUNG
      395 14  -  The head of a camel, the horns of a deer, eyes of rabbit, ears of a cow, neck of a snake, belly of frog, scales of a carp, Claws of a hawk and the palm of a tiger COLLECTIHG By COLIN CHEE THE DRAGON to pwtoni the belt
      395 words
    • Article, Illustration
      Magic of Arabian nights
      308 14  -  PETER WONG STUMBLING down the stairs and weighed down, with heavy chains, he crawled across the stage and cried with ringing voice: "Give me my roots, I am Kunta Kinte!" There was a pause and then a smartly-attired gentleman strode forward and gave him a set
      308 words
    • Article, Illustration
      Broad in the shoulder, narrow in the hips
      94 14 MEN'S FASMOMB for 1960 war* dockM at two major autumn shows in (he Fodsral Rooublic of Qsmisnw. tho World Congraaa of Boapoko Taylors In Muntehand tho 29th Intarnational Mon'a Faahion Wook in CoioaiM. The Cdoans show, faatur- ing 914 exhibitors from 99
      94 words
    • Article
      TRAVEL NOTES
      218 14 EARLY closing boors are having a marked effect on the tourist trade in two Thai holiday resorts. Officials at Hat Yal, near the Malaysian border, and Pattaya, the country's top coastal resort about ISO km (ram Bangkok on the Gulf of Thailand, have asked the government to extend
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    • Article
      Spicily superb but very much like most Chinese dishes
      608 16  -  WBEKEID GOURMET TONG TSE IF SPICE is indeed the key to living, then the Thais have surely brought life to a delightful art. At the Siamese Seafood Restaurant of the Cockpit Hotel, which specialises in Thai cooking, spice is used both
      608 words
    • Article
      Package to India
      138 16 FIVE hundred kg of exotic foodstuffs white and wood fungus, bamboo shoots, a local shrimp paste, gingko nuts, dried lily flowers and preserved Szechuap vegetables have been air-flown to India. Taking these flavours of Singapore is the Oberoi Imperial team lead by the hotel's resident manager Mr
      138 words
    • Article, Illustration
      Safety's sake
      929 16 The Volvo is definitely more of a passenger vehicle than for those who enjoy throwing their cars around the bends ■OTOBIIfl with "Hermes IF THERE were to be a Third World War and General George Patton still alive, I'm sure be would pick one of these new generation
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    • Article, Illustration
      A thriller you can miss
      465 16  -  By CHOO AI LENG IT'S ONE of those thriller moyies, you might say. Only worse. This time The Billion Dollar Threat (showing at the Odeon) fails to threaten and thrill and I left the cinema feeling cheated of the fun and excitement that was expected.
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    • Article
      FILM TIME
      238 16 UDO (*****4): The Mawraker. James Bond is back, with his bevy of pretty girls and fancy gadgets. And this time, defying death in even more expensive surroundings, right out of this world. Starring Roger Moore, Lois Chiles and Richard "Jaws" Kiel. 11, 2.30, 6.15, 9.15. ODEON (*****6): BUttsn
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    • Article
      REPLY
      44 16 MAY I express my thanks to the motoring enthusiast who wrote in on Sep 22. As to the request for a test on the Ford Escort Ghia 1600, arrangements have been made (or a test car when the next consignment arrives next month.
      44 words
    • Article, Illustration
      A forum with Gunter Grass
      230 16 WRITER and graphic artist, Gunter Grass, will bold a talk on "The Situation of the contemporary German Literatures" on Oct 8 and on Oct 9 he will read in German from his book "Der Butt" (The Flounder). Both programmes will be followed by a discussion.
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    • Article
      Givenchy executive suite
      186 16 COME next year the busy travelling guest can live it up in the Givenchy Floor Executive Suites at Hotel Hilton. Forget about registration at the hotel lobby. Guests of the Givenchy suites will be whisked straight into their rooms and served by a team of specially-trained butlers.
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      12 13 Kodacolor 400 film. Kodak's fastest film for color prints is every taeh
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      472 13 Iwfl9oM f m Tiger Tiger!: HtSldt 1 Alfred Better Gulliver Foyle liar. F#V4|i lecher, ghoul, wal king jl cancer. Obsessed by 1' VHrA I vengeance, he's also the twenty-fourth century's most valuable commodity but'he doesn't know it. JmBI His story is one of the great classics of science fiction. 'ff?
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      891 13 WHAT WHERE FILM SHOWS IN CONJUNCTION with the exhibition The World ot Children being held at the Young People's Gallery ot the National Museum, special films for children's education and entertainment will be screened at the Gallery's Lecture Hall this month. Starting this week, today at 3pm: Oae little Indian,
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      131 14 t V *-V x A*J£kiL 1 :f$ fP jjgSDtl llr iipp^ '-Mfps;' &> >$. K uy* ik v ;.t= v: '.-v 3§ -vf|:| x v i -3f *> •\>'V x 5 I BROKE THE 22.500 BARRIER" In fact she reached 22,530. The face that broke a record in July. With
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  • PROPERTY
    • Article, Illustration
      Drafting a new building contract
      1524 15  -  A new building contract to replace the current SIA form of contract has been drafted. A Queen's Counsel, who was commissioned to draft the new contract, explains it would radically be different from the existing one. TEO TECK WENG reports. The present agreement has led
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    • Article, Illustration
      Sheraton's new sales manager
      114 15 EXECUTIVES OF Japanese companies seeking accommodation at the Century Park Sheraton can request the services of Mr Nario Takizawa (above), the hotel's new sales manager (Japanese accounts). Mr Takizawa has replaced Mr Shunichi Tsugoshi, assistant director of sales, who has returned to Tokyo to head the
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    • Article, Illustration
      Grand opening for a grand hotel
      375 15 IT WAS ONLY fitting that a grand reception precedes the opening of a grand hotel. Jbe Jakarta Mandarin which opened earlier this month, certainly spared no efforts. The 504room hotel, fifth to join the Hongkong-based Mandarin International chain, was declared opened by Mrs Nelly
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      156 15 I ANTIQUES I] >•••»•••••••••••••••••••••••••••»* EUROPEAN PAINTINGS WANTED S We will pay the highest prices for 19th Century European Paintings. German, Belgian Dutch J of most interest. Send Photograph Particulars to: P.0.80x 1590 P. MELBOURNE 3001. Australia. 2 COLOURFUL TRADE MAGAZINE FROM EUROPE 250 pages monthly, fully Illustrated, offering latest products
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      168 16 yoU Cftß £eß LEARN tht WELL-PROVEN TECHNIQUES OF SUCCESSFUL KISHBI 1 SELLING from the SPECIALISTS IWJ THE NATIONAL SCHOOL OF SALESMANSHIP, ENGLAND. The NATIONAL SCHOOL offers you a first class home-study training that not only teaches you how to sell effectively but also prepares you fully for the United Commercial
      168 words