The Business Times, 3 November 1979

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. IM/1/7S SATURDAY, NOVEMBER 3, 1979 50 CENTS
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  • BRIEFLY...
    • 74 1 Reuter BANGKOK, Fri. Deputy Premier and Education Minister Dr Goh Keng Swee arrived here today for private consultations with the Thai government on the current situation in Kampuchea. Official sources said Dr Goh, as a special emissary of Prime Minister Lee Kuan Yew, was due to meet
      Reuter  -  74 words
    • 111 1 AFP BANGKOK, Fri. The managing director of the Summit Oil Corporation, Mr CJ Huang, was yesterday sentenced to two months imprisonment, suspended for a year, and fined US$3,OOO for not keeping sufficient reserves of oil. The company, Summit Industrial (Panama) Corporation, was also ordered to pay US$3,OOO.
      AFP  -  111 words
    • 93 1 AFP HONGKONG, Fri. Dow Jones and Company Incorporated has acquired 4,054,094 shares of South China Morning Post Ltd from Jardine Securities Ltd for approximately US$l2 million, it was announced today. The shares represent about 12 per cent of the Hongkong company which publishes the South China Morning
      AFP  -  93 words
    • 76 1 AFP BANGKOK, Fri Tens of thousands of Vietnamese soldiers are moving towards Northern Laos with tanks and artillery, the Bangkok World reported today. It said Laotian refugees who arrived in Thailand over the past few days told Thai authorities in the town of Nong Khai, on the
      AFP  -  76 words
    • 67 1 AFP HANOI, Fri. Hanoi is ready to receive Malaysian Minister of Foreign Affairs Tengku Ahmad Rithauddeen at the Minister's convenience, Vietnamese Vice Foreign Minister Phan Hien said today. Phan Hien said that he had informed the Malaysian Minister at a meeting in New York last month that the
      AFP  -  67 words
    • 75 1 UPI NEW YORK, Fri.— The stock market headed higher early Friday in moderately active trading. The Dow Jones industrial average, which gained 4.44 points Thursday, was ahead 0.51 point to 820.64 an hour after the opening. The Dow was operating at a 2.56-point deficit because six of its
      UPI  -  75 words
  • 147 1 Rises Sungei Be*i 1000 30 M Banking 765 30 O C B C 700 10 Nat Iron 58S 10 CCM 580 10 K L Kepong 358 10 Esso 505 9 High A Low 440 8 Taa Chong 396 8 Hume F E 223 8 Y H S
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  • Article, Illustration
    155 1 Rises Kg Lanjut 340 +24 Kamunting 322 +20 Temerloh 494 +20 Rahman Hyd 540 20 M Banking 750 20 SKinta 855 15 Tongkah 464 12 Hume (FE) 220 11 S Dredge 456 10 Kramat 510 10 N Iron 585 10 CC M 585 +10 S Trading 730 10
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  • 605 1  -  SKILLS DEVELOPMENT FUND By WANG LOOK KEAH THE labour movement should use the Skills Development Fund to finance the setting up of the proposed labour institute as training of trade union leaders and industrial relations officers at the institute will be part of the national
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  • 271 1 THE Philippines would like to expand the tariff concessions under the Asean Preferential Trade Arrangement (PTA), Manila reports said yesterday. The Business Day newspaper said the Philippines would propose a minimum limit in the number of tariff concession requests granted by any of the Asean members.
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  • 499 1 THE Finance Minister Mr Hon Sui Sen revealed that his ministry is undertaking a comprehensive review of its depreciation policy on plant and equipment for tax purposes aimed at converting the present method of granting annual allowance to straight line depreciation. This revision of the schedule
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  • 324 1 Stockbroker Yong Teck Lian was acquitted of charges of insider trading yesterday. Judge Francis Remedios returned a verdict of "not guilty" on Mr Yong, a director of Golden Hope Securities. He was found "not guilty" on four counts of insider trading committed between Aug 14 and 18
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  • 260 1 SHANGRI-LA Hotel's H»i|k«i| uHelite emauy hat Jul raised a HKS2M arilllM (absat SUM mUtoa) ku to Bimn the LiMliattfsa at Ito total to the British Cstoay. The >riew4 at the toaa will he Med to help fie—nt e—toeettoa el a TM met
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  • 486 1  -  By SUSAN THAM SUPREME Corporation, the fast growing mini conglomerate, announced yesterday two more acquisitions .which will further consolidate its interests in the property and plantation fields. The group says that it is buying over the entire equity of Ratna realty (which is developing a
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  • Page 1 Advertisements
    • 4 1 FOR PEOPLE WHO MATTER
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    • 255 1 Rising Far Faster than Gold: Don't be Distracted from the New Boom in Growth Stocks As GOLD monopolized mass attention by soaring into September's second half there were even bigger percentage gains being made by widely-overlooked New York growth stocks which were also erupting to newrecord highs. COMPUTER VISION topped
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    • 45 1 Leader... Page I imioa LEISURE TIMES WITH Par* gees OKI eearawttea he drafted S SIGNS sf still higher WWlea ta the Ualted States S INCREASING easts ef i the deeter ELECTION year (rays deaee la US dellar CONBPLANT headlag for TV AND BAMO CMMNtt I
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    • 33 1 SmQAPOBg AUSTRALIA'S FAVOURITE| Golf Clubs. Bags Accessories Sole Agent Merdings Leisure Pte Ltd 23. Park House. Orchard Boulevard Sngapore 10 Te( *****55 *****18 Also available <11 an leading spots shops and pro snops ?][-{/:=<<[!=_';<~/(.&,~*%`*=\%
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  • TRADE AND INDUSTRY
    • 468 2 COIJBSKS AND TALKS Nov 3: Stocks and Work In Progress, 37th Floor Hong leong Building, Peat Mai wick Mitchell Nov 59: Welding Inspection, Sisir lecture room, Sisir Nov 5-9: Practical Aspects of Using Mini-Coinputern, 37th Floor Hong Leong Building, Peat Mai wick Mitchell Nov 5 26: Decoration and
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    • 482 2  -  By WANG LOOK KEAH THE National Trades Union Congress has recommended some amendments to the labour laws that govern employment in Singapore to accomodate the needs of the next decade. These amendments are necessary to keep pace with or to initiate changes in industrial
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    • 310 2 WORKERS have been warned against assuming that wage awards in future years will match those granted under this year's NWC recommendations. Rising wage expectations were singled out by Professor Lim Chong Yah, chairman of the National Wages Council as one of the major problems
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    • 176 2 THE Middle East Construction exhibition to be held in Jeddah in January 1900, has met with overwhelming response from firms worldwide. With over three months to go before the official opening on Jan 20, almost all the available stand space has been sold. Joint ventures have
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    • 167 2 BUSINESS International Asia/Pacific, a research, consulting, and publishing organisation, has appointed Miss inuette TJU as marketing director. Miss Tjia, who returned to Hongkong after 10 years of studies in Europe, joined Business International in August 1975 as administrator of client services. She was promoted to marketing manager
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    • 183 2 THE NEW Belgian ambassador to Singapore, Mr Balder A Posthuma (above), presented his credentials to President Sheares yesterday morning at the Istana. Mr Posthuma, 48, succeeds Mr Marcel Depasse who left Singapore on Oct 18 after his completion of duty. Born in the Netherlands,
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    • 510 2  -  By JOHN LIM THE ASEAN market for equipment for the graphic industries is expected' to grow at an annual rate of between 10 and 20 per cent through 1900. Further, the market for packaging equipment is expected to grow at 8 per cent a year.
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    • 95 2 THE sales staff of British Airways Singapore is now sporting a new look uniform designed by Baccarat Wetherall of London and is the first uniform designed specifically for the airline worldwide. The women's uniform is similar to female cabin crews' winter uniforms and includes
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    • 133 2 A NINE-MEMBER trade mission from the United Kingdom will be in Singapore for five days from Monday. The mission from the British Food Export Council (BFEC) will promote several types of food products, including frozen poultry and vegetables, milk and dairy products, essences and flavours,
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    • 94 2 MANDARIN Singapore will pay out an additional $1 million a year under the current National Wages (NWC) recommendations. A settlement has been reached between the hotel and the Food, Drinks and Allied Workers'. Union (FDAWU), and all' eligible employees at the Mandarin will receive $32 plus 0.5
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  • Page 2 Advertisements
    • 568 2 r Investing .in Commodities SMURMT NOVEMBER 24,1979 SHANGRI-LA MOTEL, SINGAPORE Thte s i n eFtCHtlfcy conference designed for investors and experienced traders to help v.mwer some of the important questions that should be considered such as: What percentage of yonr prrtfoila do yon want to pnt Irto commodities? o Vshsi
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  • REGIONAL
    • 666 3 NYT A SENIOR spokesman for the US Defence Department said Thursday that the US was "concerned" that the Vietnamese invasion of Kampuchea might spread, and has accelerated deliveries of military weapons to Thailand, next door to Kampuchea. The spokesman, Mr Thomas Ross, told
      NYT  -  666 words
    • 293 3 Reuter HANOI has accused Singapore of sharing with Beijing identical "anti-Vietnam contentions" in the Kampuchean conflict. The Vietnamese Communist Party newspaper Nhan Dan said on Thursday Singapore Foreign Minister Sinnathamby Rajaratnam tried to defend the seating of the ousted Pol Pot government at the
      Reuter  -  293 words
    • 52 3 UPI. C ITOH, A Japanese trading company, announced on Thursday it has uncovered what it said is one of the largest natural gas deposits in the United States in a joint venture with US oil explorers. The discovery was in the Williston oil basin of Montana and
      UPI.  -  52 words
    • 40 3 South Koreans parade past walls of Bine House presidential mansion yesterday morning to pay their respects to President Park Chang-hee who was assassinated a week ago. Mr Park Is to be burled today. AP photo. AP photo.
      AP photo.  -  40 words
    • 570 3 NYT SENIOR army generals meeting in secret in Seoul have decided informally to scrap the constitution that was the legal foundation of President Park Chung-Hee's power, sources close to the military said yesterday. The generals met on Monday and Tuesday nights at
      NYT  -  570 words
    • 202 3 Reuter A NEWSPAPER opinion survey published in Tokyo yesterday said that only 17 per cent of the Japanese electorate support the cabinet of Prime Minister Masayoshi Ohira while 49 per cent are opposed to it. The Asahi Shim bun said the popularity rate,
      Reuter  -  202 words
    • 528 3 AFP, Reuter. BRITAIN is willing, despite Soviet opposition, to sell Harrier Jump Jet aircraft to China. This was decided in London on Thursday after Chinese leader Hua Guofeng's second round of talks with British Prime Minister Margaret Thatcher. But a British spokesman
      AFP,; Reuter.  -  528 words
    • THE REGION IN BRIEF
      • 394 3 THE European Economic Community has opened an information centre in Tokyo to teach West European businessmen about the distribution systems and markets, laws, regulations, tariffs and official guidelines related to doing business in Japan. The centre was established under a new export drive programme for which
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  • Page 3 Advertisements

  • RAW MATERIALS
    • 275 4 TURNOVER slackened in a quieter and easier trading week shortened by the Hari Raya Haji holiday, with levels down an average four cents says Heliday, Catler, Bath ft Co. in its review of the Singapore and Malaysian rubber markets for the week
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    • 379 4 AP. INSECT damage and poor rainfall has cut Indonesia's 1979 rice harvest, but there is no serious problem thanks to ample stockpiles and continuing imports. Agricultural economists and other sources in Indonesia said this year's domestic crop would be no more than
      AP.  -  379 words
    • 337 4 ALL COMMODITIES listed on the Singapore Chinese Produce Exchange were again quoted unchanged yesterday. These, however, were nominal prices and therefore bore very little relation to the true market trend. Most of these prices were well above the ruling levels for all the commodities. Some of these were
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-godown) Cattoa yara: China Blue Phoenix 20s 2,325; 32s 2,095, 40s 3,060 (per bale of 400 lbs). Ptoee g«ada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 143 4 WHEAT futures on the Chicago Board of Trade finished 14% to 10 US cents a. bushel lower on Thursday, closing near the lows for the day. Local and commissionhouse liquidation pressed prices throughout the session, traders said, and commission-house stop-loss selling aggravated the losses. Traders said talk thatPpoland may
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    • 122 4 CHICAGO soybean futures closed 6 3 4 to 2 Mi US cents a bushel lower on Thursday. Traders said crusher buying at the close pulled prices from the day's lows, despite late pre-hedging. Local and comissionhouse liquidation drove prices lower in a technical adjustment from the heavy buying early
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    • 332 4 SINGAPORE: Yesterdays closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent ftt* cta« (Kangaroo) new crop 1.01, 101 per cent second class 0 83, 100 nr cent third class 0.80, 25 per cent ww crop no stock. B-10 m ctnt 0.70. THAI BROKEN: A-cuper oft Special
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    • 134 4 Reuter. INDIAN imports of copper in the first eight months of 1979 rose to 29,786 tonnes from 25,883 in the same 1978 period, and came mostly from West Germany and Zambia, according to preliminary data from the Association of Indian Engineering Industries. Lead imports
      Reuter.  -  134 words
    • 365 4 VALUES on the Singapore rubber yesterday were idle and slightly easier on an absence of support and light speculative selling after an unchanged opening. The morning session closed quietly steady with November One RSS buyers quoted at 279.25 cents per kilo, unchanged from Thursday's close. Afternoon prices lost some
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    • 340 4 R AS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt t.o.b. 277.75 278.75N Int. 1 R.S.S. November 279.25 279.75 Int. 1 R.S.S December 282.50 283 00 Int. 2 R.S.S. 273.00 274.00N UK/Coat 272.00 2T3 00N Int. 3 R.S.S. 270.00 271.00 UK/Coat
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    • 117 4 NOON SSI KAS H and SMR pric jLM ■bar D •bar SSR20 (Carraal Barara f Mtk) tallara (Forward Mtk) Barara Saltara (l-toa pa JWt) 260.50 282 SON 282.00 284 00N SSR SO (1-ton pa illat) 257.50 2M50N 258 00 261 OON MULB SMRCV (1-ton pa Hat) 302.00
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    • 131 4 THE FAILURE of the US mate to reach a compromise BUI to dlspese of government stockpiled tin has beosted the rmif tin market a farther Ms4l per pieal to $2,9X1, dealers •aid. Yesterday's price, the highest far this year, steads $I*l ahave the latorastlsasl Tla Agreement celling and
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    • 31 4 Rubber: Nov 2 Singapore: November 278.25 cents (down 1.00 cent) Malaysia: November 277.00 cents (down 1.25 cents) Tin: M$ 2,071 (up Ms4l) Official offering: 220 tonnes (down 3 tonnes)
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    • 141 4 THE SUGAR futures market yesterday continued quiet, with no trades registered, as on Thursday, dealers said. January closed at 13.92/94 US cents against Thursday's 13.66/68 close, March at 14.42/46 against 14.06/12 with distant October at 14.70/74 against 14.40/46 cents. Sugar future* closing prices CMag Jan 13.92 94 13
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    • 761 4 COFFEE: Robusta futures yesterday closed the morning steady, mostly unchanged in near months to £8 per tonne down in un traded distants. Turnover was 1*519 lots including six options and around 300 lots crossed trades. Dealers said the market held a narrow trading range around overnight levels in
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    • 73 4 C.I.F. North European ports, In US dollars per ton unless otherwise stated. LONDON: Thura Previoua Malay*ian 5 r < ffa bulk per tonne December 600 OOslr 605.OOslr Sumatra 5 r > ffa bulk October 590.00il r 590.00slr November 600/597.50pd 602.50pd December 610.00pd 610.00pd January 617 50qU) 617.50qtd February
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  • ASIAN STOCKS
    • 696 4 TOKYO Source: DBS-Daiwa THE Bank of Japan boosted the official discount rate by one per cent to 6'/« per cent, effective yesterday. But the rise did not have any adverse impact on the stock market because it appears to have been already
      Source: DBS-Daiwa  -  696 words
    • 346 4 Source: SHK Sec Ltd THE MARKET surged to its all-year high in active trade yesterday, with property shares leading the way again. Interest was mainly generated by the locals who appeared to be afraid to miss the breaK-out despite economic conditions world wide being unsuitable for a major bull
      Source: SHK Sec Ltd  -  346 words
    • 239 4 NOV 02 Bahts Asia Credit 137 •1 Asia Fibre 134 Ayuthaya In*. And Trust Bangkok Investment Bangkok Bank B Mo Dryln Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya Ltd IM 338 Z 306 IM IM -3 unch -3 -4 -J Rita Berll Jucker
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    • 243 4 MOV 02 Cenu INDUSTRIALS c. L an unch A. N. I. 193 unch A. P M lie unch Ampol P»L U« -1 BMP no -4 Bank NSW 2M -1 Boral 280 unch Brambles 218 -1 C. B. A. 262 C. 8. R 472 Coal Allied 820 4-10 Dunlop 88
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    • 51 4 FINANCIAL TIMES INDUSTRIALS Thursday 438.7 Wednesday 437.5 Week Ago 448.5 DOW JONES AVERAGE INDUSTRIALS Thursday 820.14 Wednesday 815.70 Week ago 808.36 H.K.HANG SENG Friday 1 808.10 Thursday 684.09 Week ago 854.75 SYDNEY INDUSTRIALS Friday 549.90 Thursday 549.14 Week ago ***** ALL ORDINARIES Friday 889.27 Thursday 697.22 Week ago
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  • Page 4 Advertisements
    • 160 4 cabe £B LEARN the WELL-PROVEN TECHNIQUES OF SUCCESSFUL SELLING from the SPECIALISTS 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 Travellers' Association (U.C.T.A.) Diploma examinations.
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  • OVERSEAS
    • 831 5 NYT. THE American government has summoned more than 50 nuclear fuel experts to an emergency meeting to discuss a potential nuclear reactor problem. The emergency meeting was scheduled for Thursday because of a study that suggests the emergency core cooling systems of
      NYT.  -  831 words
    • 332 5 Reuter. FACED by the threat of a possible cut-off of American contributions, World Bank president Robert McNamara promised that the bank will not lend to Vietnam in the coming year. The pledge was a victory for members of the US Congress who have been pushing for
      Reuter.  -  332 words
    • 226 5 Reuter. PRIME Minister Menachem Begin announced his longawaited Cabinet reshuffle and confirmed that Mr Yigal Horowitz would take over the key post of Finance Minister. The move was announced by Cabinet Secretary Arye Naor, who said the shuffle would take effect next week. The Cabinet
      Reuter.  -  226 words
    • 200 5 AP. RISING North Atlantic grain freight rates captured the limelight on a generally firm London freight market on Thursday. Of particular note was Bunge's payment of USH7 (FIO) to the mid-November-loading bulker Nena for a 55,000-ton US Gulf shipment to Europoort. The US Gulf-China grain rate also continued
      AP.  -  200 words
    • WORLD IN BRIEF
      • 353 5 IRANIAN Foreign Minister Ibrahim Yazdi said in Algiers that the US will have to change its attitude towards the Iranian revolution before the two countries' relations could improve. Mr Yazdi told a press conference "present relations are very cool. Any change depends on the US because
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    • Article, Illustration
      528 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dove (Tanker) (0700 after Chie Maru,P/o,subject gas free) 16 Fjordliner (1100 hauls after Kostrena) 1/2 Hoegh Cairn (0900 after Nancheng) 6/7 Hoyu Maru (1500 übject free board) 27/28 Golden Source (0600) 22 Nedlloyd Futami (1600 after Fjordliner hauls) 3/4 Neptune Tourmaline (1630
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    • 435 5 Reuter. AMERICA'S biggest retailers on Thursday reported generally poor sales for last month, although Sears, Roebuck and Company, the industry's leader, enjoyed its second straight monthly rise after a year of declines. Sears said its October sales totalled US$l5 billion (about 553.3 billion), an increase
      Reuter.  -  435 words
    • 177 5 Reuter WHOLESALE prices in the United States rose one per cent in October, suggesting a further bout of inflation in retail prices in the coming months. The seasonally-adjusted one per cent rise in the Department of Labour's producer price index followed a 1.4 rise
      Reuter  -  177 words
    • 693 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1006 HLP GIA GA980 1030 HLP SIA SQ103 1045 KUL MAS MH6Q5 1045 KUL GIA GA944 1065 PKU GIA GA908 1100 MES SIA SQ240 1125 MES THAI TG423 1125 BKK PAL PR501 1135 MNL SIA SQ65 1155 MNL
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  • Page 5 Advertisements
    • 61 5 NOTICE Notice is hereby given that MR. SEE TUCK FAY I/C No *****23 D is no longer in our employment with effect from Ist November 1979. He is therefore not authorised to transact any business, act on our behalf or collect any monies on behalf of our company. A6ATHIS SJL
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    • 246 5 u THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1980. Every year, thousands of new rubber and plastic products enter the market. Whether for use in industry or the home, every product reflects some new development in engineering or marketing expertise. If you're
      246 words

  • 451 6 NOW THAT the Skills Development Fund has been set up and looks Uke being well-stocked, it is to be expected that many parties will be racking their brains on how best to requisition resources. The labour movement in Singapore is by no means unique or
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  • 210 6 IT IS a sorry day indeed for any professional association when regulations and fines have to be imposed to ensure that democratic processes take their due course in electing an executive committee. It is especially sad that such a situation has come to
    210 words
  • 2009 6  -  THREE MILE ISLAND The other nations are now preparing to proceed with nuclear energy independently of the US. They will look to the US neither for technological leadership nor as a major nuclear supplier. They believe they need nuclear energy too urgently for that. By DAVID
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  • Page 6 Advertisements
    • 160 6 Wendy Hutton's m IjiiJSINGAPORE ....more th*n just a cookbook! Here, for the first time, is a local cookbook that gives you more than just recipes. More, too, than lots of fascinating and relevant information about Singaporean ingredtents and cooking methods. Singapore Food is unique because it "puts Singapore's famed cuisine
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  • Page 6 Miscellaneous
    • 1367 6 Tales of vengeance VENGEANCE ttdty sf aa < tar 2M yean, Batarday*s Mldaight M«vk »t 11.25 pa, fl 5, "The ultare" dwells sa tkls terms himself late a "Mr< an" with the aid ef aadear eaergy se that he eaa kill eft the 4eseeadaats af a family whleh had harted
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  • 1417 7  -  A German historian, Dr Arno Peters, says South America is much larger than on traditional maps, While the United States is much smaller, and Madagascar is twice the size of the British Isles. This article, written by JOHN ENGLAND and THOMSON PRENTICE, first appeared
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  • 732 7  -  By NORRIS WILLATT FT AN astonished Italian taxpayer was told recently by the tax office that he could expect a refund of 1,700 million lire, when he was expecting only Li 7 million. This amounts to the differences between £1 million and £1,000. Another, mortified, taxpayer received a
    FT  -  732 words
  • 1003 7  -  FOBUM With TONG TSE ONE OF these days, I know, the doctor will have some sad news for me, and it will go something like this: "Well, Mr Tong Tse, you're a lucky person to be in perfect health, Just enough
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  • Page 7 Advertisements
    • 82 7 ""YOUR CHILDREN I hrStmits I iiim»s COLLECTION i m-x 1 it r IK r W 1* M3MI 2000 to 2100 AD 4t V?u a tttwirt CowlfY llr.l AyTH6»rry mwfctfjj Great Space Baffles I I W; v. HQOMW VfKXNT PtAii $19.15 si 5F Batman J >* >» $19.15 13.15 •> lircSC§P?
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  • Page 7 Miscellaneous
    • 46 7 Rri Stow: Fmnk Dickens U3PS OUR e^A\&\TON success p y— .csn Tefcgipic. onln( HOTe Cfvne "The, &ND V>Afc|4 one or oup on Trtc Guesrs P>HD "Told THem to QjE_RR, l OfF J we SRID Fißm I wpnsn'T DONG UJCLL To sopAosr \f\ QONCH OF r P
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 378 8 LEADING shares closed weaker in Frankfurt on Thursday, alter trading quietly because of the holiday in many parts of Germany, bourse sources said. In cars, Daimler shed six marks and VW fell 3.30, Deutsche led banks down 1.60 and KHD led engineerings down 1.50. Chemicals eased, in stores Karstadt
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      • 280 8 SHARE prices edged lower in Zurich on Thursday in small turnover, influenced by a weaker bond market, dealers said. Banks lost ground including Bank Leu which reported higher earnings and a proposed capital increase. Financials and insurances were also easier led by Oerlikon-Buehrle and Interfood while Swiss Reinsurance rose
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      • 197 8 NOV 01 FI» ABN 337.00 -0 5 Ahold to la 1.1 Akao 27 00 >0.1 AMEV MSO f 1 Amlu ***** 0 4 Amrot Bank 07 80 0.1 Bergoi* 53J0 -0.5 Berk 97 SO unch Bolm (000 Borjumij 174 00 -1.3 Burhmann 5920 -0.3 Byenkorf 65.20 unch Calve Delft
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      • 319 8 NOV 01 R*nd 4/. INDUSTRIALS A Alpha 240 -10 Abercom 290 -j AE And CI 580 unrh AMIC 1925 unci) Barlows 780 5 Cg Sugar 1000S ("NA no -5 Currtf Finance 130 unch Dr Beers Ind I700B unrh Fflron OS 5 Edgars S250 Eveready Fed Volk I 280 4
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      • 1314 8 NEW YORK OIL, gaming and blue chip issues led stock prices higher in light trading on Thursday although caution ahead of weekly banking figures trimmed the gains late in the session. Analysts noted the market gathered strength about midafternoon when gold bullion prices fell sharply following news
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      • 216 8 NOV 01 CS Abltlbl A lean „r~ Atfoma Bank Mont Bank Nova SeoUa Bell Tel Beth Corp l BP Can Ltd Braacan Camp Red Lake Can Imp Bk Canpac Canpac Inv Pf Carltnf OTteefe Comlnco Com Bath Con* Mart*nor Dankoe t>rnl>nn Dom Store* Dom Tar Dome Mine* Falcon bridge
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  • Page 8 Advertisements
    • 168 8 ?> mm IF YOU'RE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLSiDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken or pork sausages from our own smokehouse. Weekend a-la-carte barbecue lunches Saturdays and Sundays 11.30 am to 2.30 pm For the evenings, enjoy
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    • 163 8 JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6 30p m 10.30 p.m. For reservations call *****77 A C cniiin I 'nek Shi^iqNin' SHffl A TON HOTELS AN? iNNSWOPLDW.Df lassirr Hill S'ngafO'e T o T 37 %<V if'f OAf op. A\A
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    • 123 8 Milan, Brussels, and Paris closed. See Page 4 for Asian stocks. Sinnjesc Seafood 4tW" •>" A- V- ,jTu t J s9 k Jv* A > <£urkpil iholrl 11* f «Imi ft fc ■V. 1 SteakHme Try our Teppan-Yaki steak In our cosy, personalised atmosphere A truly mouth-watering delight And a
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    • 130 8 e t GAME 7 SPECIALITIES NOVEMBKR \-Ml 1979 ONLY ROAST PHFASANT. WILD duck, iikk.ldharl: ari: SOMF OF THF "iOL'RMHT DISH LIS I'RLPARID FOR YOUR LATINO pi.lasurl: vi rr, '111 J F* -J?' D/ne in f/ie grand tradition of emperors. -> PINE COURT Where sumptuous meals are prepared by masters in
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    • 49 8 w StSS m m Have fun this Sunday.Take a break from the stresses of office, house and school work. Relax at our poolside. Take a dip m 4ti ■y-' \<rz} m unwind and ieel buoyant again for the week ahead. m >'<* w tijTCVTU.jm 9-: ivvARM ST«»2£ 3Mfe ft tva
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  • BANKING AND FINANCE
    • 254 9 Reuter THE international markets Will be able to meet most external financing needs of developing countries over the next decade when borrowing requirements are expected to rise in real terms by about 8 per cent annual- ly, a Royal Institute of International Affairs paper states.
      Reuter  -  254 words
    • 348 9 THE outstanding balance of yen-denominated certificates of deposits issued by Japanese and non-Japanese banks totalled 3.38 trillion yen at end-September, compared with 1.36 trillion yen a month ago, banking sources said in Tokyo. The end-September total included 1.11 trillion yen issued by commercial banks, compared
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    • 916 9 NYT THE importance of a credit line and a credit history, particularly for professional women, was emphasised last weekend at a one-day workshop-seminar on 'You and Your Money', held at the Laboratory Institute of Merchandising. Some 125 executives in fashion, retailing and public relations attended the
      NYT  -  916 words
    • 307 9 Reuter THE American banking industry's key lending rate, the prime rate, firmed on Thursday at a record high 15'< per cent, reflecting upward pressure on interest rates in the economy. The harsh new anti-infla-tion policies of the Federal Reserve have fostered an increase
      Reuter  -  307 words
    • MONEY AND EXCHANGE$
      • 476 9 THE US dollar fell sharply yesterday against the yen amid highly speculative trading conditions. It opened at 238.20/30 yen, above the Tokyo opening of 237.50/60. The market was highly volatile, with the yen gaining at one stage by some 400 points. The US unit fell to the day's
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      • 148 9 THE YEN yesterday rose sharply against the US dollar in active nervous late trading on continuing market rumours from Tokyo of possible Japanese exchange control measures to support the yen, dealers said. i j The Japanese curency fcas quoted at 235.80,236.10 to the dollar, sharply |trunger than the morning's
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      • 190 9 Asian rates ASIAN currency deposit interbank rates as at close on Nov 2: 7 days 1 month 2 months 3 months 6 months 9 months 12 months US DolUra(Spot) Offer Bid 14 7 14 v 16 3/16 161/16 IS 13/16 1511/16 15 13/16 1511/16 15 7/16 155/16 14 9/16 14
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      • 6 9 jjjSjEjH Source: National Discount Co
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      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.1 per cent.
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      • 50 9 FRANKFURT exchanges opening quotes on Nov 2: US 1.7980 90 (1.7994 8004) Stg 3.716 738 (3.745 749) Can 1.5195 5212 DFI 90.04/14 S Fr 108.70 86 Lit- 2.165 68 F Ft 42.66 72 NKr-35.81 85 B Fr (con) 6.191 201. B Fr (fin) 6 040 50 Yen 0.7612 26
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      • 269 9 THE SINGAPORE gold futures market yesterday closed between US$5.BO and $7.00 lower in quiet selective trading, dealers said. Opening prices were quiet but the market closed off the day's high on stop-loss selling, profit-taking and bearish US gold auction results, they said. Turnover however rose to 348 lots compared
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      • 319 9 THE US dollar for overnight delivery yesterday closed sharply weaker at 236.50 yen in heavy but nervous trading, compared with a 238.50 opening and 238.05 at Thursday's close, dealers said. Trading was heavy and active with volume of US$l.3l billion. The central bank sold an estimated US$3OO million to
        319 words
      • 202 9 STERLING was generally easier at yesterday's opening. It was quoted at U552.0650 57 against 2.0683/ 95 in late Hongkong dealings, while the dollar was narrowly higher, dealers said. After the opening, the British currency eased further to a low of $2.0615 before recouping some of the loss. Dealers were
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      • 70 9 QUOTES on the Australia and New Zealand exchanges on Nov 2: AUSTRALIA: US dollar 1.0991 1.0943 Sterling 0.5330 0.5267 Ninety-day air mail buying rates Sterling 0.5574 US dollar 1.1521 Ninety-day forward buying rates: Sterling 0.5394 US dollar 1.1138 NEW ZEALAND: Reserve Bank midrate I'SJO 9669 Trading Bank indications Sterling
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      • 51 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 5 to Nov 9: Offered: $35,000,000 Applied for: $125,750,000 Allotted: $35,000,000. Accepted bids: $98 58. approximately 16 per cent; higher bids in full. Average rate of discount on allotment: 5.760 per cent per
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    • 1023 9  -  By RICHARD BLYSTONE AP JUST a year ago, the US dollar plunged to historiclows against major currencies around the world. US rescue moves have pulled it back, but experts looking nervously toward election year say the crisis in confidence isn't over. Despite
      AP  -  1,023 words
  • Page 9 Advertisements
    • 485 9 >1* h '1 i i I' I a the Prince of 1 Wales and ■jTt§£ the Repulse. I M Middlebrook Sgpfi v»zss£* attach®*® and the rest have never forgotten. I.W 9ESTH! J >7 Tiger Tiger!: Alfred Bester Gulliver Foyle liar, lecher, ghoul, walking cancer. Obsessed by vengeance, he's also the
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  • 1285 10 BUSINESS DONE ON THE SES THE KLSE BID and ofler prices officially listed and business In and reported to the Stock Exchange at Singapore y*etetlsy with the number oi sham traded shown in brackets in lots at 1.000 units unless otherwise specified SECTION ONE INDUSTRIAL A COMMERCIAL Acma (2.348) W
    1,285 words
  • 154 10 naimBDMimi rr S'pore Growth Fund 1.U 1.21 (MiMgitw* jrtcss tar Not 0) INCOME •ONI D UNIT The Commerce 2.10 2.23 (Cm Ml ft less) The Saving Fund 1J0 1.44 Income Bond 1.10 1.22 S'pore Prog Fund on 0.* S'pore Sec. Fund 1.00 1.79 S'pore Invest Fund 1.25 132
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  • 2622 10 Gr'» Gr'a 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 281 207 Acma 235 15.0 2.2 6.3 12.0 196 123* Alcom 196 10.0 15 5.1 26.1 148 no Allied Choc 120 1 7.6
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  • 98 10 Striking prices at the options officially listed on the Stock Exchange of Singapore yesterday, the period, bids and offered prices and business done, if any, with the number of options traded shown in brackC«C (Dec- $2.75) (0.20B). CM Storage (Dec -$2.15) (0.15B). ■aw Par (Dec $1.40) (O.ljß 0.195).
    98 words
  • 90 10 5 3/4% 1/4/7 HO (250.000) (W-858 100.068) iiil* 1/8/80 (250,000) (WdSB 90.068) aui m.iS?™ 0M i*t* 16/9/80 (250,000) (99.008 99.108) (250M0) (96.708 I#/4/#1 (290,000) (98.138 96.205) 6 1/1% 1/6/78-81 (250 000) (96.608 96.758) 7% 15/4/85 (250.000) (100.208 101.006) 1/4% T F 15/10/93 (290,000) (W. 988 100.20S)
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  • 1462 10 BID tod otter prion officially listed and buslnete In and reported to the Kuala Lumpur Stock Exchange yesterday with the number ot shares* traded shown in brackets in lots of 1,000 units unless otherwise specified INDUSTRIALS 18siai1i (2.858) Aleaai (1.898 IBS) Ala Betd (1-28B) AMD (0.638 0
    1,462 words
  • 206 10 KHONG Qua Fhar MllHag Ltd: AGM to be held at the Fortune Room, 2nd Floor, Merlin Plaza, Beach Road, Singapore, today at 12.30pm. Tractor* Malaytfa BM: AGM to be held at Hilton Hotel, Kuala Lumpur, on Nov 8 at 12 noon. Ike Ayer HI torn Ptaatfag Syndteato BM:
    206 words
  • 632 10 ALL WAS. qalet ea the Stock Exchaage yesterday la what ni 4ewHM m a market biding time la the ahaeace aI fresh ladseemeats. Oaly towards the etoee did activity pick ap aemewhat. Far the heat part d the day, prices stagnated at everalght levels. Thereafter, they havered
    632 words
  • 588 10 SHARE prices continued to make good progress at the Kuala Lumpur stock market yesterday to close on a fairly steady note. Trading was still hesitant but there was evidence of good follow-through support in a number of counters. In contrast to the previous sessions, investors appeared
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  • COMPANY NEWS
    • 434 11 THE VALUE of the Bumiputra Investment Funds of the Amanah Saham Mara Berhad, the first of which was launched in 1968, has been growing at an average annual rate of 20 per cent. According to the chairman of Kompleks Kewangan Bumiputra, Mr
      434 words
    • 141 11 NEW share certificates of Sime Darby Berhad (the new Berhad shares) issued in the United Kingdom under the scheme for Sime's shift of domicile to Malaysia by the end of this year, will not be despatched to a nominated United Kingdom Authorised Depositary. This follows the recent lifting of
      141 words
    • 180 11 MURATA Manufacturing Company of Japan has Informed the Stock Exchange of Singapore that It is to repurchase the controlling interest in a Canadian company, Erie Technological Products (ETP). It says an agreement has been reached with ETP whereby it will transfer its controlling Interest to Mnrata.
      180 words
    • 193 11 Date Last Fall Year Ompany Period Annoanced Net EPS Grass Pre-tax last year (ceats) Dtv. Prsflt <%) (Vm) Mai Bank F 23/9 28.6 17.5 25,742 Sea View F 30/9 282L Msia Rice I 9/10 4.0 228 C Sugars F 9/11 30.1 15.0 5,793 Pahang Cons F 9/11 3.7
      193 words
    • 495 11 Current Ez Books Date Total for Total for Payment Date Cloae SEA Corp 20% Sept 13 Sept 25 Nov 3 20% 45% T Cement 10% Oct 9 Oct 18 Nov 3 17.5% 14.6%(a) T Cement Pref 10% Oct 9 Oct 18 Nov 3 17.5% 14.6%(a) Gentings 5% I
      495 words
    • 121 11 Company Particulars Ex Date Book* Close Kemayan Bonus Issue of 1 for 4 Nov 14 Nov 26 SEA Corp Bonus Issue of lfor 1 NYA NYA Temerloh Bonus Issue of 1 for 1 NYA NYA Fancy Tile Rights Issue of 3 for 2 Sept 21 Oct 2 $1.20
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    • 455 11  -  By SUSAN THAM JUDGING by first quarter indications, Consolidated Plantations Sime Darby's biggest plantation subsidiary appears to be heading for another strong profits performance this year. Following the 38 per cent rise in profits for the whole of the last financial year, the group has now
      455 words
    • 232 11 UNITED Overseas Land's proposal to take a $4.1 million equity stake in Goldhill Developments is in line with the group's policy of investing in the development and acquisition of quality commercial properties at choice locations, with potential for good recurrent income and capital
      232 words
    • 393 11 TIMURAN Holdings' 37.5 per cent-owned associate, Don Eastern, the largest producer of industrial and automotive friction materials in Malaysia, is. taking a step towards backward integration of its activities with a $1.7 million expansion programme. Work on the extension to its factory has started and
      393 words
    • Article, Illustration
      595 11 mum by HOCK LOCK SIEW THE ANNOUNCEMENT yesterday by Supreme Corporation regarding its acquisition of two companies and its proposal to make a rights issue comes as no surprise. Not at least for our readers who were told of the details of the transaction on Tuesday.
      by HOCK LOCK SIEW  -  595 words
    • 142 11 THE CHARTS on commodity prices and output in Malaysia which appeared on this page on Thursday were the work of J.M. Sassooos (Pte). The credit line was inadvertently left out in the charts. INDUSTRIAL Electronics and Engineering has been asked by the SES to furnish it with an
      142 words
  • Page 11 Advertisements
    • 66 11 The most prestigious art magazine in this part of the world. Full colour spreads throughout including highlights on: Alexander's Views on China with full colour illustrations compiled by Arts of Asia The Art World Copyright Law The Chinese Soupspoon Origins of Thai Silk Taoist Colour Symbolism in Ming Ching Ceramics
      66 words

  • 261 12 THERE is a need for specialised supporting services to match the sophisticated requirements of multinational corporations in Singapore, said Dr Lee Chiaw Meng, Member of Parliament for Farrer Park and chairman of the National Productivity Board yesterday. Speaking at the official opening of Kyowa
    261 words
  • 80 12 THE Malaysian Telecommunications Department will be reorganised in stages beginning this month to enable it to respond to market and consumer demands as expeditiously as possible and to allow for proper long-term planning A three-tier organisational set-up has been planned comprising the National Telecoms Headquarters
    80 words
  • 61 12 THE GOVERNMENT has gazetted the following 11 public holidays for Singapore in 1960: January 1 New Year's Day, Feb 16 and 17 Chinese New Year, April 4 Good Friday, May 1 Labour Day, May 28 Vesak Day, Aug 9 National Day, Aug 12 Hari Raya Puasa, Oct 19
    61 words
  • 42 12 "5 Minister, sits at the wheel of this new Formal* f* r wWch d#es Mt m bat uses a mixture of vegetablei I?!!*!! new name taken by the eld Chrysler Meter Company In R pMr wU,tM4tbe AP photo
    AP photo  -  42 words
  • 242 12 THE US Treasury said it sold 1.25 million ounces of gold at a cutoff price of U*****.50 (*****) an ounce on Thursday. Average price at the auction was $372.30, while the highest bid accepted was $378.12, it said in a statement. The Treasury said U
    242 words
  • 250 12 A SLIGHT improvement has occurred in the Commercial and Industrial Security Corporation's (Cisco) manpower situation although overall, the acute shortage of staff persisted over the last financial year which ended in March. Recruitment level is still far below expectation, but staff turnover fell
    250 words
  • 231 12 THE Singapore Industrial Labour Organisation (Silo) won a partial victory when the Industrial Arbitration Court (lAC) ruled in its favour on a retrenchment benefit dispute. lAC deputy president Tan Lian Ker agreed to the union's demand that granite quarry operator, Gim Huat Pte Ltd, pay retrenchment
    231 words
  • 700 12 LONDON, Fri. Prices closed lower with sentiment depressed by possible industrial unrest following publication of the white paper on proposed government expenditure, dealers said. At 3 pm, the FT index was down S.l at 430.6. BinniPiTsciu LONDON, Thuri— 11k mrktt was slightly easier today with Spot 61.50 64.00;
    700 words
  • 181 12 AFP JAPAN has already attained the highest level' of equality in the world in respect to distribution of incomes and assets, the Japanese Economic Planning Agency said yesterday. In an annual white paper, the agency said that what Japan now needs is an equality of
    AFP  -  181 words
  • 284 12 THE national carriers of Singapore and Jordan will meet by the end of this month to conclude a commercial agreement that will lay down terms and conditions of scheduled services, between the two countries. Agreement has to be reached on flight routing and frequencies,
    284 words
  • 452 12 Agencies JAPAN'S Prime Minister Masayoshi Ohira was unanimously picked yesterday as the ruling Liberal Democratic Party (LDP) candidate for prime minister at a meeting ot LDP members of two houses of the Diet, boycotted by antiOhira factions. A total of 199 of the
    Agencies  -  452 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 178 12 RAINFALL for the month of October was above average over about 75 per cent of Singapore. The southern coastal district with more than 330 mm of rain for the month was the area with highest rainfall whereas the north-eastern part of the island with less than 170 mm of rain
      178 words

  • LEISURE TIMES
    • 1083 13  -  TSANG SAU YIN takes a look at the Mendez antique exhibition to be held in London next year. TSANG SAU YIN A MAN may be said to have overleaping ambition when he attempts to make Singapore the centre of an antique dealing trade, that will take
      1,083 words
    • 230 13  -  Opportunity for coin collectors to possess gold and silver coins issued by the Macau government to mark the Year of the Goat. Now available at Sascorp until the Nov 13. By KOH TSE VING GOLD coins issued by the Government of Macau to mark the
      230 words
    • 383 14 IT WAS girls galore at the Neptune Theatre Restau' rant last Sunday. Over 550 guests were invited to the grand luncheon to celebrate the 20th anniversary of Menard cosmetics, and the majority were clients, beauticians and sales advisers dressed in their very best. If
      383 words
    • 510 14  - Disco kungfu the new martial art By RUTH CHENG FIRST we had eagles' claws, fearless hyenas, drunken monkeys, crickets and whatever else. Now we fight to tlhe steps of the disco kungfu! And that is all "The Old Master" playing at the newly opened Broadway Theatre has to offer. Actually,
      510 words
    • 490 14  -  LINDA TAN SATISFACTION no longer comes easily to many Singaporeans who now treat cheap-and-good buys as "common". Fast scrambling up the income ladder, we are unhesitantly willing to delve deeper into our pockets more so than ever for the exclusiveness and mark of
      490 words
    • 215 14  -  By VIOLET CHOW HIS chubby fingers tickled the ivories and out flowed some of the best brand of Jazz to chase those blues away. Would you believe that he first started out playing the classics, but, "I felt that being an entertainer, I had to play different
      215 words
    • 570 16 MOTORING with "Hermes AMONG European cars, the Germans seem to be associated with exclusivity, reliability and entertainment. We all know that some of the world's best cars hail from Germany, and in the latest Frankfurt show the formal forum for displaying new models Germany shows that it
      570 words
  • Page 13 Advertisements
    • 32 13 Ms r^S A I flrtit—witttlie Kodak CoMnrst 300 instant camera Beauty with a Menard touch Review of The Old Master For the property people New cars from German ■•■■•••••fei Sattaita9agM9MaMMtMMaMtMaaagaMtaaia I w
      32 words
    • 172 13 Need extra prints from yotfr instant pictures? Ask your dealer about Kodak Color.. Copy prints. 95$ only. Study Accountancy with the Specialists Study with Foulks Lynch J I ()\lx I SS4 I o 111 k n I nch iwivc s in luionii'j s lulcii! i Mil ,111 i onii Ji
      172 words
  • Page 13 Miscellaneous
    • 950 13 FILM SHOWS THE Goethe-Insti tut Singapore will present a series of German films, in colour with English sub-titles, from on Nov 3 and 4. The central theme of the films is on the problems and conflicts of youngsters in the Federal Republic today. VENUE: RELC Auditorium, 30 Orange Grove Road.
      950 words

  • Page 14 Advertisements
    • 131 14 H- r i-SSK W .mi ir ItJi r~ i i'> t* v ll&r v K» v If*** I ■itev i: r; «-i- *> t-sr •Hm'ij Jl I§H -of*JBlpS. V I BROKE THE 22.500 BARRIER In fact she reached 22,530. The face that broke a record in July. With 22,530 copies
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  • PROPERTY
    • 815 15  -  By TEO TECK WENG FOR OVER 10 years, Pasir Panjang Brickworks has been in the business of providing a comfortable shelter. While its mainstay has been roofing, it has been seeking investment opportunities elsewhere. Four years ago, the company came in contact with a hardware company
      815 words
    • 367 15 ANOTHER new face has appeared on the staff of Century Park SheratonSingapore, local franchisee of international hotel chain Sheraton Hotels A Inns, which opened early this year. He is Mr Glenn de Souza who joined the hotel recently as its director of sales and marketing. He will head
      367 words
    • 270 15 HOTEL Merlin, the wholly-owned subsidiary of property company United Overseas Land (UOL), offered 90 fullyfurnished apartments at the newly completed Merlin Plaza for rent last Thursday. The "service" apartments, located from the 17th to 21st floors of Merlin Plaza, comprises 12 types of units -of two
      270 words
    • 236 15 THE unusual pagodashaped stnfcture of the proposed 400-room Dynasty Hotel in Orchard Road generated a great deal interest from representatives of the Japan Travel Bureau (JTB) recently. Two JTB officials elpressed considerable admiration when the model of the Dynasty was displayed during a special visit
      236 words
  • Page 15 Advertisements
    • 72 15 ANTIQUES FINE CHMESC MTKHKS WORKS OF All KWOR GALLERY Pt«. Ltd. *****3, FRST FLOOR, FAR EAST SHOPPING CENTRE ORCHARD ROAD. TEL: *****16 THREE GENERATIONS OF PROVEN DEPENDABILITY SINCE 191S KEEP UP WITH YOUR MANAGING DIRECTOR Subscribe today and save more than 20% off the newsstand price Just complete the coupon
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  • Page 16 Advertisements
    • 326 16 SUBSCRIBE TO SIM6APORE BUSINESS Singapore Business, of course, is a magazine you know. It's a must reading for politicians and a mine of information for business and professional people. Students too find Singapbre Business an invaluable wealth of information. In fact, anyone who has any interest in what's going on
      326 words