The Business Times, 24 November 1979

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M-C.(P) No. 141/1/71 SATURDAY, NOVEMBER U, IfJI SO CENTS
    11 words
  • BRIEFLY...
    • 77 1 Reuter MANILA, Fri. Chinese Premier Hua Guo-feng plans to visit the Philippines and neighbouring countries next year but exact dates have still to be worked out, Chinese Ambassador Chen Xinren said. He said invitations had been received from all the Asean countries but they were still
      Reuter  -  77 words
    • 45 1 Reuter DUBLIN, Fri. Dublin Judges sentenced Thomas McMahon, 31, to life imprisonment today after fluting him guilty of the murder of Earl Mountbatten of Burma. The Earl, uncle of Queen Elizabeth, was blown up in his boat Aug 27 on an Irish holiday.
      Reuter  -  45 words
    • 62 1 Reuter BANGKOK, Fri. The Commerce Ministry has set an export target of between US$5.5 billion to $6 billion for next year compared with $5 billion for the current year, Commerce Minister Ob Vasurat said. He said yesterday rice would be the country's main export commodity next year with
      Reuter  -  62 words
    • 64 1 AFP BEIJING, Fri. The Chinese authorities today expressed dissatisfaction at the slow pace of economic "readjustment" this year which is coming up against the passivity and "egotism" of local officials. The People's Daily published an article by a special commentator, generally a pseudonym for a very high-ranking official,
      AFP  -  64 words
    • 71 1 AFP DUNKIRK, Fri. Seamen on the Singaporeregistered freighter Seabells, currently loading steel plate here for South Korea, went on strike today for wages in line with the International Transport Federation's rates. The vessel is operated by a Japanese company, one of whose representatives was expected today for with
      AFP  -  71 words
    • 50 1 AFP HONGKONG, Fri. Deadlocked textile trade talks between Hongkong and the United States are expected to resume in London next month. This follows meetings in Washington last week between Hongkong's Director of Trade, Industry and Customs William Dorward and US Special Representative for Trade Reubin Askew.—AFP
      AFP  -  50 words
    • 56 1 Reuter RAWALPINDI, Fri. Almost 400 Americans were airlifted out of Pakistan today following the burning down of the US Embassy in Islamabad and the death of two Americans on Wednesday. Pakistani troops armed with automatic weapons surrounded Rawalpindi International Airport as the Americans arrived in a convoy of
      Reuter  -  56 words
  • 138 1 Rises Ajinomoto C K Tu| UIC out Nat Iron Grand Centrnl Times Pub H Royal Haw Par 8en View Sal Properties 280 230 334 324 900 140 296 1TO 157 123 388 1» 10 +8 +6 5 +5 +3 +3 3 +3 +2 Falls Petalias Oriental HM(i
    138 words
  • Article, Illustration
    144 1 Rites Rahman Hyd 5C0 +15 Llngul 341 +07 Sea View 123 +05 Pac Dev 300 +05 EssoOrd 505 +05 O.C.B.C. «5 +05 Minsec 690 +05 Falls SEA Carp 1150 -150 A. Amal 540 -25 Tongkah 446 —IS Oriental 340 -11 IdrtoHyd 416 -08 Kramat 478 -08 Glenealy 219
    144 words
  • 659 1  -  MAY ACQUIRE U.S. BANK By COLIN CHEE THE United Overseaa Bank (UOB) group haa on its drawing board an ambitious blueprint that will consolidate its position In both international and domestic banking. Sources say part of the plan la expected to be unveiled next year, subject
    659 words
  • 266 1 THE Industrial Arbitration Court yesterday ordered a motor accessory manufacturer to replace a clause in its collective agreement on the right of the company to deny annual wage increments with another tabled by the Singapore Industrial Labour Organiaation (Silo). Singapore Motor Accessories Manufacturers wanted the
    266 words
  • 344 1 A $2 million aid agreement was signed yesterday between the United.Hattons Development Proytiuitf (UNDP), the StattfrtTGovernment and the Singapore Institute of Standards and Industrial Research (Sisir). Under the agreement, the UNDP will contribute about H mm/m while the Government will provide H I million over
    344 words
  • 349 1 SINGAPORE'S trade deficit In October amounted to 1806.6 million, a sharp drop of 33 per cent from September's deficit of 9907.7 million, according to preliminary figures released by the Department of Statistics yesterday. Similarly, the October deficit was also much narrower than that ot the
    349 words
  • 133 1 TBK lalsst tradtag raMlii (ran Cycle aarf Carriage Millie (CO!) Inansfe haefc m Hi tag lata a tall patah la the preview year, CCB targe* rtreagiy 2X ■ntttstOJatfEfcr the year mM Sep Ml Fee the jmtw year, It —sgil Is shaft sp
    133 words
  • 312 1  -  By RAHIM KASSIM THE Secretary-general of the National Trade* Union Congress, Mr Lim Chee Onn, yesterday urged all those concerned with workers' welfare to work collectlvely to improve Industrial safety. gp—iring at a workshop on safety practice in shipyards at the Shangri-La Hotel, Mr
    312 words
  • 99 1 A $4.7 mmkn steel plant, Singapore Electrical Steel Services (SESS), will be officially opened next SESS, which is a Joint venture between Singaporean and Japanese interests, is chaired by Singapore Oiinfsr Chamber of Commerce and Industry president, Mr Lim Kee Ming. Paid-up capital of the company is $2.3
    99 words
  • Page 1 Advertisements
    • 5 1 TheMNOUA EP3IO PPC does Hal.
      5 words
    • 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 new-record highs. COMPUTER VISION topped
      255 words
    • 8 1 k k -A. gg m T--3H LEISURE TIMES
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    • 234 1 \yr~. A SMALL COMPANY PABXWITH BIG COMPANY FEATURES If your organization isn't quit* ready for a larger Ericsson PABX. or If you're a Dig organization with smoil branch®* thai need telephone systems of their own, ASBIOO Is the system to look at. ASBIOO provides standards of performance, economy, flexibility and
      234 words

  • TRADE AND INDUSTRY
    • 158 2 THE University of Singapore Society will hold its Annual Dinner and Dance at the Tropica na Orchid Lantern Restaurant next Saturday at 7 p.m. Guest-of-honour for the dinner will be Mr Kwan Sai Kheong, vice-chancel-lor of the university. The dinner, which marks the 30th
      158 words
    • 467 2  -  By LEE YOKE MENG COMPUTER Processing Services (CPS), one of the largest computer bureaus in Singapore, will be offering three new ready-made computer packages early next year. These programmes are relevant to organisations who already own their own computers (including IBM and
      467 words
    • 418 2 A BRITISH hevereraft earryisg 12 er evgi with m payisad sf MUIm akfaDmtag at a speed «l M kllsmetres m hew mm the shailew waters aad rivers af Seath-east Asia. This Is the tUm «f Air Vehicles Ltd, Its maaafaetarers frem the
      Pictures by NGHAICHEE WAH.  -  418 words
    • 341 2 A TRADE team toom Alberta, Canada, will be in Singapore next week for a fiveday visit to study hirtnfae and will be looking into Joint-venture opportunities. The delegation, representing five Alberta petroleum industry related companies, will be here from Nov 28 to Dec 1
      341 words
    • 471 2 BUSINESSMEN from Australia and Japan have given qualified support (or the setting up of an economic community of Pacific nation*. At the 17th annual meeting of the Australia-Japan Business Cooperalon Committee In Melbourne recently, the businessmen called for high-level international talks
      471 words
    • 200 2 EUROPEAN Asian Bank has appointed Mr Iswgun ■iter as manager of Its Singapore branch, succeeding Mr TJark Weydt, who has been promoted to chlsf Mr Zieler, previously manager of European Asian Bank's Karachi branch, Is bo newcomer to South-east Asia having wotted in the bank's Singapore and
      200 words
    • 239 2 HITACHI to introducing a direct water supply system that will reduce both construction and maintenance costs. A rooftop tank is unneccesssry with this system, yet there is sufficient pressure at all outlets up to 20 storeys high. Pressure variation is kept to a wnfaiimiim
      239 words
    • 391 2 COURSES AND TALKS Nov 23-Dec 21: Shipyard Basic Safety and Health Training, YMCA International Centre, National Productivity Board and Ministry of Labour Nov 26-28: Financial Projection and Analysis, Shangri-La Hotel, SGV-Goh Tan Nov 27: Zero Base Budgeting, Hilton Hotel, Consulasia Nov 27-28: The Law Relating to Company Directors,
      391 words
    • 127 2 THE numismatic division of Sascorp is offering to buy back the First Series Silver Proof Olympic Coins st 1510.00, against the issue price of $300.00. This is a OS per cent appreciation in value of the Olympic coins, which were first offered to the public
      127 words
  • Page 2 Advertisements

  • REGIONAL
    • 368 3 AFP UPI CHINA has raised the export price of crude oil from its model oil field at Taching to Japan in the OctoberDecember quarter this year by 10.1 per cent, or US$2.2, to 924 per barrel, industry Sources said in Tokyo. The
      AFP; UPI  -  368 words
    • 166 3 MEASURES now being taken should significantly cut international ticket frauds which are casting airlines millions of dollars, the security director of the International Air Transport Association (lata) said. Mr Dana Harris, who is in Manila to conduct a seminar on security measures ahead of next week's annual
      166 words
    • 145 3 GRAVEL pump mines in Malaysia are affected by labour shortage, it was reported. "In some (tin) mines the shortage is as high as 20 per cent," said Mr Hew See Tong, president of the AllMalaya Chinese Mining Association IN Ipoh. "We have even written to
      145 words
    • 343 3 UPI ACTING President Choi Kyu-hah has rejected an opposition call for a National Reconciliation Council, but plans to sound out various opinions on political reforms, spokesmen said yesterday. Mr Choi, who took over the reins of government following the assassination of President Park Chung-bee
      UPI; Source: UPI photo  -  343 words
    • 694 3 COMMODITY traders in Kuala Lumpur are setting up an association to regulate the activities of members and to ensure that members observe voluntarily a common code of ethics. A member of the pro-tem committee for the proposed association, Mr Liew Peng Kong, said that the committee has approved
      694 words
    • THE REGION IN BRIEF
      • 399 3 Agencies IN North Sumatra, an estimated 2,100 hectares of paddles with ripening rice have been destroyed by floods in the Labuhan Batu Regency, local government officials reported. The report said a 59 metre breach broke the Kualuh River causing villagers to abandon their homes. INDIAN aad Bisgli
        Agencies  -  399 words
    • 241 3 MALAYSIA and the BelgoLuzemburg Economic Union have entered into an investment guarantee agreement which provides for fair and Stable treatment of each r's investments. Malaysian Deputy Prime Minister Datuk Seri Dr Mahathir Mohamad said the agreement should pave the way for greater contact between
      241 words
    • 141 3 AFP FOREIGN Minister Mochtar Kusumaatmad)a of Indonesia has denied foreign pre—reports which quoted him as caying that an Aaean foreign ministers' meeting will be held soon to discuss the Kampuchean problem, leading Jakarta newspaper Kompas reported yesterday. He was reported to have made the remark
      AFP  -  141 words
    • 139 3 AFP CRACK Philippine police stormed a motel on Thursday to rescue a Malaysian hnrtrassnun kidnapped by six heavily armed men from his hotel on Nov 18. The Philippine News Agency (PNA) said yesterday the 11 policemen'caught the kidnappers by surprise and arrested three of them
      AFP  -  139 words
    • 533 3 AFP Reuter UPI AN ADDITIONAL 300,000 to 310,000 refugees from Kampuchea are expected in Thailand in the coming days, bringing to 560,000 the number of Kampucheans in that country, the United Nations High Commission for Refugees (UNHCR) said In a communique. The communique on
      AFP; Reuter; UPI  -  533 words
    • 284 3 AP A LONE hijacker of a Japan Air Lines domestic Jet was overpowered by the pilot and arrested while the plane was receiving refuelling at Tokyo's Narita airport yesterday, police reported. The pilot was injured in the scuffle with the hijacker, who police
      AP  -  284 words
    • 115 3 THE Thai Finance Ministry will bold a new tender for the sole right to import gold into the country very soon, director general of the ministry's Economic and Fiscal Department, Mr Kraisri Jatikavanich said. He gave no date for the new tender which follows failure of
      115 words
  • Page 3 Advertisements
    • 51 3 K< .hR-1 hCoi'l TKfc /1 linos. Itslu ■< ol its sili -fitly lor\'<>u. "Ik (w&I #1 m f V* 1 i 6% i MM ■ncaia g r/ii AMBMaLM* G-136 Paopte's Pvfc Complex 00WT1LG 2-3, Lucky Pto. COm»UW«W» CM M» ltd 046 Colombo Court, GJB Lucky Pta*o23Orchard Towara. eras ?y* wWIeH^S
      51 words

  • RAW MATERIALS
    • 370 4 THE BOLIVIAN tin problem remains central to the much discussed question of appropriate buffer stock price ranges and the broader issues surrounding the operation of the International Tin Agreement (ITA). The editorial of the latest issue of 31n International states that whether the
      370 words
    • 191 4 YARN and cotton prices were quoted ss follows in Hongkong yesterday: (la HK dollar*, qpot ex-godowa) (Mm yan< Chine Blue Plotnix Ma U«; 3M 2,480. 40a 3.035 (per bait of 400 lbs). Plseo goods: China Butterfly aad Globe brand imq; Dragon Head unq; Five Lamia unq. Flower aad Butiaßy
      191 words
    • 295 4 AFTER htiag unlet aadj inactive all week, the coconut oQ market came alive with aome activity yeeterday. x What (poke the quiet Spefl was the buying innrest generated by buying agents tram the Wert Asian countries asking tor some 5,000 tonnes of refined coconut oil, an unusually large
      295 words
    • 283 4 THE week began with a reverie of 4V4 cents, in contrast to events in the previous fortnight, but recovered subsequently to finish 2 cents less on balance, says BaMay, Calk*, Bath ft Caaapaay in its review for week ended Nov 22. The initial
      283 words
    • 164 4 THE SINGAPORE market closed quietly higher yeetsrday with December One RBS buyers quoted at BLS cents par kfle, op LB cents (ran Thursday's cloee, dealers s^d. Prices flrsssd one cent dm it the morning's tradiag on epecnlative and trade buying whOe forwards warn a* gloried The afternoon market rose
      164 words
    • 291 4 RA8. prices In eenta per kilo yeaterdey. Bej m ."■"g tan Beye *rkflo) re SaQars ktlLUravlU let. 1 R-S-S. Daceeibar b.at. at m a a MN La jU 20L75 tat. 1KJL8. Jaaeery m htiuu a UK/Coat 9L taLtm m. UK/Ooet m htlRJU. ra UK/Ooet m. leLSRJJ. m UK/Ooet
      291 words
    • 73 4 noon am BAfl Dim ICvrM -is* mi jo bar Mth) Imiiy <*wwaHfc*> »8 IIS ■dbti s rihn MBJON MSJON IMMMni WJO MTJON MUO M4J0N mm SMXCV SMRL SVOtGP SMRt 8MB 10 SMR» SMRSO MM] 555 WJO »ouon 107 JO H0J0N jMjjl i*32I r«f* r+* Hh* 2s M4.40
      73 words
    • 190 4 THE SUGAR future* market yesterday closed steady in continued dull and featureless trading, dealers said. Nearby January closed at 14.73/* US cents against Thursday's 14.70/15.00 close with distant October at 15.58/71 against 15.00/70 cents. Sugar futures closing prices: Jaa 14.71/* U.W/15J0 March 15.C/W ISJO/TO May S.M/ST 15.M/T0 July
      190 words
    • 123 4 THE STRAITS tin prin hi Pfiig nn ROM per pleal It a new 1171 Ugh sf ■atliial Tla Agreement eefflag, Men Mli. The rise vaa 4m to srsiwa EMton Eirepe pertleilarlj streag, •111 ■nilag ftiercuei interest tnUewtag Ike inafl—til Aartafia ef fluh material hi LaaA retaettoa to Ua
      123 words
    • 30 4 Rubber: Nov 23 Singapore: December: 293.25 cents (up lift cents) Malayaia: December: 293.00 cents (up 1.00 cent) Tin: Mf2,079 (up $24) Official offering: 198 tonnes (down 44 tonnes)
      30 words
    • 323 4 SINGAPORE: Yesterday's closing prices in SI per kflo, ex-godown: THAI WHITE: MO par cant M das (Kangaroo) new crop 1.01, 100 par cat aeoaad claas LB, 110 par cast third ciaai OJI, 8 per cent new crop ao atock, B-10 par cent 070 THAI BROKEN: A-auper MB, Special OJO.
      323 words
    • 828 4 ALUMINIUM: Up £1 (or cash and fit per toane higher for three moths yesterday morniflg. Prices advanood on pre-marfcet and early ring with some trade baying and short-covering pushing three months op to £818 per tonne. Tone was aided by easier sterling and forecasts of further decline in
      828 words
    • 70 4 CXF. North European porU, in US dollars per ton unl otherwise stated. LONDON: Tka Preilon Malayaian 5% tU bulk par tonne January unch 637.60alr Sumatra 5% (fa bulk November unch 620.00alr December unch 632.S0pd January 640.00alr 636.00pd February 646.00alr S37.M/640pd March 646-00tlr 637.60/640pd Nigeria 6% ffa bulk «t<
      70 words
  • ASIAN STOCKS
    • 207 4 HONGKONG Source: SHK Sec THE stock market drifted tideways again yesterday on thin trade as investors awaited trade figures and in the MVMW East, dealers said. Selective buying for certain properly shares such as Tai Cheung and HK Realty was seen but the market remainThere ware no major
      Source: SHK Sec  -  207 words
    • 145 4 THE market closed mixed yestermty wiin mining ana oil iwnp pmHm gains, whil* commercials and lOOUbUhUS Ofcunra ID snipgioh trading, dealers mid. Turnover roee to IM million peeos trom Thursday's 110 mfflina with rfeee for PhOn B and Seafroat, hot Oriental B lost ground. Adas Con B, Lepanto B,
      145 words
    • 93 4 mov n Babu ♦A AM Cradlt Am *"i»« TSTBl!" **g_ 'd f" J555J Indo Thai SjmllMUc* IndaMiiai PtoaaInMrnauonAJ InUfMlwm TrnA And ru 1 And J Ho in -T J ate Pntbu SMTI«Ham I Lw KwaaflOac Tnat Mab Boontnn Dn AM ft Metal Bo» Nft City R*|k naHM kM9 TatarAM*
      93 words
    • 254 4 THE stock market closed the day mixed, with Woodside Petroleum rising one cent to $1.75 and market leader BHP finishing four cents down at 19.42, broken M>fai yesterday. Herald shares finished the day steady at $3JO after touching a high of $3.85 on light turnover, while News shares traded
      254 words
    • 53 4 FINANCIAL TIMES INDUSTRIALS HJLHANG SING WriAmm nft« Thursday 41LS WediMtdu 413A Tharsdajr W«*k a«o HIM moi WMkA»>: «0M STDNIT INDUS frttej TMALS DOW JONIS AVIBAOI 1 wr\| TOTttl A A Tbami izSS Wirt i«o MLM IPIUUbtRIALB IHnnMr —M/IM Wednciau W.fi wITkun Ml a ALL ORDINA Friday Th«M»y WMkase
      53 words
  • Page 4 Advertisements
    • 235 4 ACTION! Action speak > '< in ?t, <! of Singapore Business has beer -i 1 f tai- VJ<Testing Japan's Sincerity time and auam 'h*,v redevelop WiM th»- f -vj 'equest fr-r hm~,:i! Looking toi New Links Ts ambitious p'ans s»*» u: both internal l y .no .the realised and ,vhon'
      235 words
    • 9 4 MARKET HOLIDAY Tokyo doeed yesterday for Labour Thanksgiving Day
      9 words

  • OVERSEAS
    • 753 5 ARRIVALS Service Local Operator Number Ttae MAS MHGOT 0845 MAS MH671 096 SLA SQ211 1000 CAL CB14 1000 CPA CX710 1005 GIA GAflO 1030 SU SQ103 106 MAS MHM5 106 GU GA944 1055 GU GA90B UOO SU SQMO 1125 THAI lS5 1125 PAL PR501 1135 SU SQ65
      753 words
    • Article, Illustration
      500 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Container Glorious (1000 a/side No. 9 Yunam) 23/24 Barge Kim Lian Huat (0400 a/side No. 9 Yunam) 23/24 Frankfurtober (0600 after E.R. Brugge) 31/32 Fenix No. 1 (RO/RO) (0800) 44 Rang Ding (after Pulawy) 38/39 Kota Pan Jang (after Kota Maehan)
      500 words
    • 280 5 AFP TALKS between the Russian and West German foreign ministers ended in sharp differences on Thursday ss each expreaMd concern over the others' plans for the deployment of intermediate range nurirsr missiles. "We aren't speaking the same language," Russian Foreign Minister Andrei
      AFP  -  280 words
    • 479 5 Reuter THE reduction of money supply and the and lowering of public fp—vHng are the tint step* the British government has taken to reduce inflation and are a precondition of any economic growth. Chancellor of the Exchequer Geoffrey Howe said. Tpcshlnff at a chamber
      Reuter  -  479 words
    • 423 5 AFP Arab leaders ended their 10th summit meeting on Thursday with a private understanding that the Palestine Liberation Organisation (PLO) will limit the scope of its military operadons from Southern Lebanon and stop claiming responsibly from Beirut for terrorist attacks, sources said. The summit
      AFP  -  423 words
    • 200 5 ZIMBABWE Rhodeslan Prime Minister Abel Muzorewa announced on Thursday that 1,300 political prisoners would be released by the end of this week as the country prepares (or general elections. He said this number was in addition to more than 400 prisoners freed since his biradal
      200 words
    • 105 5 Reuter TWO farmer finance ministen have emerged as probable rivals to succeed Mr Pierre Trudeau as leader of the Liberal Party and potential future Prime Minister at Mr Trudeau, Canada's Prime Minister from 130 until his general election defeat last May, aiinounred he was stepping down as
      Reuter  -  105 words
    • 136 5 PLANS to build a second Pnn«m« are taking shape ss Panama, the United States and Japan set to discuss in Tokyo over the weekend their cooperation in the US$B.3 billion (Ss2o billion) project. Panamanian presidential special envoy Edward Morgan and US Senator Michael Gravel
      136 words
    • WORLD IN BRIEF
      • 592 5 Agencies WEST German economic growth will be between 2.5 and 3.0 per cent in real terms next year after 4.0 per cent growth this year, the Economic Experts Council said. In its annual report, the independent body forecast prices rising 3.5 to 4.0 per cent against 45
        Agencies  -  592 words
  • Page 5 Advertisements
    • 247 5 Ist series silver-proof Olympic coins: Ifyou ctidn't buy them in Septemberl97B. you'll now wish you did. Today they're worth 70% more, and well prove it to you. In September 1978, Sascorp Pte. Ltd., in conjunctkn with Numinter, Paris, first issued lor sale the Ist series of 1980 commemorative Olympic coins,
      247 words

  • 396 6 PREDICTABLY a great fuss is being made about this week's ran on the Irish banks which L has stripped them bare of their cash holdings. But really there is no great need for alarm. Even if the bank clerks come out on strike in support
    396 words
  • 399 6 THERE IS a very real possibility that the tragedies that have been inflicted on the Kampuchean people will be neglected with passing time. Millions have died in the years of conflict and millions have been driven from their homelands. On the one side,
    399 words
  • 1015 6  -  By BARRY MOODY Reuter AFTER a week of heated public debate and unabashed mudslinging, Hongkong's Air Transport Licensing Authority is deliberating on which airline should be given the right to operate as a second carrier on the lucrative route to London. For 30 years
    Reuter  -  1,015 words
  • 977 6  -  By JACK GEE FT A BUMPER grape crop and the prospect of a topquality vintage have raised morale, this autumn, in the vineyards and cellars of France's big champagne companies. But the traditional family companies are looking askance at newcomers to the trade
    FT  -  977 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • 1118 6 IK £tROTO FOR SPORTS FANS spsrt an New T«L T« Gar- BTB mHm W<wLn«f«t J I WfwJLUrrW«JL| h^'iVr 1 SINGAPORE 5 12.55 PM Opening Mowed by Sesame Street 1.55 Satirday Matinee The Deerslayer 3.35 ABC KMC World Of Sports 4.25 The Waltons The Legacy 5.15 Sandiwara Cacat 5.55 Marvel Superheroes
      1,118 words

  • 1390 7  -  Local banks have come to be identified by their posh buildings that embellish Singapore's skyline. Now these image conscious banks are expressing their maturity to art. By CHOO AI LENG MANY people tend to regard local banks only as institutions of money, as
    1,390 words
  • 767 7 FT EMPLOYERS in America and Europe are being warned with increasing frequency of impending critical shortages in the supply of computer staff. Asked to explain the shortages, most of the employers would g£une their country's education y It mil for failing
    FT  -  767 words
  • 627 7  -  FORUM J ...with Tom Wicker NYT HARD times have a way of shaking people's certainties and opening their minds to new possibilities. Thus, the great depression in the United States created a receptivity to new programmes that would have 'been unthinkable a decade earlier. Now
    NYT  -  627 words
  • Page 7 Advertisements
    • 149 7 tuo I jHnyiwiwi Country Qub^daivsia^ set in the midst of 99 tropical islands. Langkawi. Isolated. Serene. Beautiful. With warm seas washing the shores a shade of turqoise blue. A place to relax and dream. And with it, the amenities of the Langkawi Country; Club. Managed by the Ityirist Development Corporation
      149 words
  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 178 8 NOV 22 ru abn moo -25 Ahold 19 40 -OJ Akso 35.00 -0.4 AMCV 06 JO >1.1 Anfu 1JA10 -0 9 Amro Bank 06J0 -OJ JET" n «o -0J Boil 66 JO -2 Bortumlj I70JJ0 -X Burhmtnn MOO -0 J Byenkort «J0 -0J Calve Delft lO-TO -1J EMI Mlj
        178 words
      • 272 8 NOV 22 FT* CORBEILLE J Air-Liquid* B 8 N Otrnli Danone C 8 F (ThomjonC»f) MS 946 430 4M 12 unch ct* mociiM det Petrolea Conpainle FlniiKkre 354 50 XS Compafnke Oenerale Credit Fonder De France 333 412 unch it Hachette (Llbralrte) 111 unch Machines Bull Mleltelln (B) 40
        272 words
      • 92 8 NOV 22 1 rr» FORWARD M ARKI IT Acec snl 1» ArtMd 213M -a 49TJ -a S14 •10 Bro-L&mb 1525 -a Cinptf M2 Cock uncti De Beers 2S2 4 Ft>*f aa ♦a Slectrobel (BOO -30 Ob-Inno- Bm 2300 ♦a Oev 982 -a Hobok Pttro sao -a Rjrl DuOcb 2236
        92 words
      • 188 8 NOV S Dm Aet-Telcrunken 37JO -H Akao am -1J Allx Lrttn Alia Vara ■1" Bay M T Wtaant Bay VDank Bayer BMW Caaaetla Chetn Vara •MB -1 40M0 unch 1XT40 +«J ao oo moo ancb i rue -8# mam ***** +3 J31D0B MtMB Cooimersbank IOOjOO OX Conu OwsbI 4U0B
        188 words
      • 151 8 nov a i Action* Sum* Ttna unch Aim ilMl Br SSSX»i—: Cite (Mp Br. 11® «n i* tat -4 •1 -a -s Cite (Mo P C ate (Mo Ref Credit SMK Br ■i an -30 -J -s Credit Sum* IUc EVrktrovsU Br. Oearge rue her Br OtoOus Pc m
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      • 85 8 MOV B L in 1U0 ill Aaoe 0*n ■MM* «MM W 5 -70 n*t PUutdar UK M7S -M lis Ctefi Irnmoo 0.79 i n prl mo -oo luievmenu ***** -m Italfmi 715 -i IlaUMer llafneii M Pf ■B 800 uncti ktonlU Brc ZM •4 Mcdtob MM •M0 11 mat
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      • 120 8 mov a c» AbMMM 11 unch Atcan Alcom* r •«b Ak mJLmJC BtUi Corp BP Qtn LU II Oj fi mi unen ♦>» B unch Ctnptr s; H C&nptc In* ft C&iilnc OXwft Cominco 134 -2H Con* Bath Com Mwtnw Dankoc Dcntaon 11* H. unch 41 uom tMoraa US
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      • 168 8 nov a Rand INDUSTRIALS A Alpha 230 Abercom AE And CI no MB -6 AM1C ire •25 Butm Cf Sugar CNA Hb MO 4-S unch 330 unch CurrM Finance Da Been Ind 133 1850 -1 Edcon 410 +1 Edgars SiS ■MNuJy Pad Voik ZZZ 3M ruftt Oardlan O tenant
        168 words
  • Page 8 Advertisements
    • 574 8 NYSE was closed on Thursday See Page 4 for Asian stocks Where to wine, dine and entertain M Si lIUCSvJ Sen loocl II il* fll <*» i V iurKp r»nlt 9 ta <-* SteaH House Try our Teppan-Yaki steak In our oosy, personalised atmosphere A truly mouth-watering delight And a
      574 words
    • 103 8 r a® W !is *1 =K Have fun this Sunday. Take a break from the stresses of office, house and school work. Relax at our poolside. Take a dip 1 I R? m Vtx ■s<K ll :voo M unwind and feel buoyant again for the week ahead. (SS a 3^2
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  • BANKING AND FINANCE
    • 416 9 THE BRITISH government's programme to fight inflation with strict limits on money supply growth, coupled with the further postponement of EMS entry, will support the pound through year-end, says Manufacturers Hanover Trust's latest foreign currency review. Although inflation remains high, st 173 per cent through October, and
      416 words
    • 94 9 AFP THE GOVERNORS, or deputies, of central banks of 15 Asian-Pacific countries will hold a three-day meeting in Jakarta from tomorrow to Nov 27. >»- The meeting will be attended by central bank top executives of what is called i-$e "SEANZA" group, comprising the five Asean --countries, Nepal,
      AFP  -  94 words
    • 252 9 Reuter "SYNDICATED members for 3he US$25O million (SJSSO -►Jhillion) seven-year loan for ..the National Petrochemical -Co of Iran decided against accelerated repaylaoent of the loan, sources in London. A meeting of the 35-bank -Syndicate decided against up repayment gander cross default proce--dures following the non-pay-ment
      Reuter  -  252 words
    • 374 9 BONDS LOANS Reuter UNION Bank of Switzerland said it aK u tone price of par for its m million franc 4.5 per cent 13-year bond to be floated on the domestic capital market from Nov 27 to Dec 3. Originally a maturity of 14 years was set for the bond,
      Reuter  -  374 words
    • 181 9 Reuter THE SECONDARY market price of 6.1 per cent 10-year national bond maturing in May 1988, fell to a record low on Thursday of 83.64 per cent, yielding nearly 9.60 per cent, compared with 84.01 per cent with a yield of 9.449 on
      Reuter  -  181 words
    • MONEY AND EXCHANGES
      • 386 9 3HE US dollar in the foreign exchange market yesterday firmed slightly in ■late afternoon trading following its firmness in early European exchanges, dealers said. Trading remained quiet «nd thin with Tokyo cloeed yesterday and ahead of the Weekend. The US dollar unit rose 4o a late 248.65/80 yen
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      • 122 9 fURRENCIES remained quiet and little changed in late Hongkong exchanges lastsrdty, with the lack of activity fostered by Thursday's US holiday and yesterday's holiday in Japan, dealers said. A dealer quoted the US foliar at a late 1.7611A7 marks from an early *****/16 and London's Overnight closing of 1.7610/
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      • 22 9 THE average rate at which major Singapore hanks are currently prepared to lend to their beat customers is 9.2 per cent.
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      • 167 9 Asian rates ASIAN currency deposit interbank rates as at close on Nov 23: 7 days 1 month 2 months 3 months 6 months Smontbs 12 months raMuijS^) 13 12% 13H 13W 1411/1614 9/16 14H 14 V4 149/16 147/16 1311/*****/16 139/16 137/16 1 month 3 months 0 months 12 months SwFrs.
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      • 6 9 m Source: National Discount Co
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      • 53 9 AUSTRALIA/NZ exchange quotes on Nov 23: US dollar -1.0946/1.0886 Sterling -0.50«/0.4987 Ninety-day air mail buying rates: Sterling 0.5313 US dollar -1.1472 Sterling 0.5142 US dollar LlOBO V NEW ZEALAND Reserve bank midrate: US dollar 0.9730 Trading bank hMttcattona: Sterling 0.4489/0.4458 US dollar 0.9780/OJBB9 Ninety-day airmail buying rates: Sterling 0.4708
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      • 50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be Issued from Nov 26 to Nov 30: Offered: $40,000,000 Applied far: $130,250,000 AUetted: $40(000,000 Accepted Mds: $96.59 approximately 31 per cent; higher bids in full. Avenge rate if dbc—t ea allotment: 5.645 per cent per annum.
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      • 316 9 THE SINGAPORE gold futures market yesterday closed easier in generally thin trading due to lack of fresh interest, dealers said. Opening quotations were marked down about US$2.OO following the metal's overnight weakeness in London. Thereafter prices held steady during the quiet morning's trading before easing marginally in late trading
        316 words
      • 149 9 THE US dollar was slightly higher in quiet opening trading against most currencies yesterday. With the Middle East situation still preoccupying the market, commercial business Was lacking and professional trading was thin in .the absence of major fresh news, dealers said. The dollar opened at 1.7635/45 marks and L
        149 words
    • 168 9 Reuter A LIMITED ladaslrisl aettsa by dsrtsal staff Is Ireland M to a rva «a Ml ss-.pjrss'rs deelslea Is elose their breaches Ibrsaghsat the (abort they weald as taagsr handle ezehaage transaetisns h> v«Mag the Irish psand and the Brtttah steritag. The sssplayasa
      Reuter  -  168 words
    • 569 9  -  By LEE YOKE MENG BANKS in Singapore are resorting increasingly to the interbank market for funds. If this tendency continues, the banking industry In Singapore would come more directly under the influence of the volatile interbank market where international factors play a dominant
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  • Page 9 Advertisements
    • 151 9 Leeier~.pege W. K THE TIMES l IP I IK <1 <5 v?&/ ftrntwT fmKih:™. mm atB£*y* /'V v '2^' m *1, ralSr st-^> ~tv- J) $*Jhfo\j& r. > P y..' x Vak *> 3 5 o v; iOm t > iW •*<# > THE TIMES ATLAS OF WOULD HISTORY presents
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  • 973 10 BID aad otter prices officially listed gad buetaeas In aad reported to the Stock Ifrrh>m» o< Stagapore /luiiy with the number of atarao traded *towi jto Jarackets specified. SECTION ONI INDUSTRIAL COMMERCIAL Ami (1358 2.306) A 111*4 Choc (1318) BAT (134B) (1) 134
    973 words
  • 144 10 S'pore Growth Fund LM L14sd ■Mtfoainnna It 1N0MCI BON DDIOI (Mm*** frtM Mr Na* M) (CWil prtMO) The CoouMrcc z.« u. Income Bowl L1C LB The Saving Fund LM 1.44 S'pore Prof fund O.fT S pare 8k. Dm) LM LM MABA BtlMD pvnu S pare Mm* PM LM
    144 words
  • 2561 10 1979 High Low Company Last Sale +orGr*s Div Div CVr Gr's YTd Net P/E Vol (>000) Day High Low SECTION ONE INDUSTRIAL A COMMERCIAL asi 196 148 180 272 74*4 255 3S0 215 380 207 123* 110 133 255 57 *4 186* 228 177 256 Acma Alcorn
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  • 94 10 atrlctac prkas of tkc options omcuSy Maoed m the Mack Q|«aa«WwA MMAMK Mrmanfe oc ouffipocf 9W«My. the period/fr™ «m cfcany!* wtth the number of opnam trmotc snown in oract"tic (Dec-12.75) (0.10B). Otffl SMnc* (Dec -CMS) (0MB). ■aw Par (Dec $LM) (O.llfi O.US). Buum r (Dec (1MB). laeheape (Dec
    94 words
  • 1154 10 BID and offer prices officially listed and business In and reported to the Kuala Lumper Stock Exchange yesterday with the number of shares traded shown in brackets In lots at 1,000 units unless other- set a wise specinea nmmuu Ma (1MB) AM (LMB) MiMI(IM) ACBM(IMB) AMD (in
    1,154 words
  • 274 10 KEMAYAN Oil Pala BM: AGM to be held at 5E, Fob Sens Building, 66 Jalan Ibrahim, Johor Bahru, on Nov 36 at 12 noon. Selaager Ciwti BM: AGM to be held at No SO, Jalan Ampang, Kuala Lumpur, on Nov 27 Co Bested: AGM to be held at
    274 words
  • 470 10 FOLLOW-THROUGH keyteg li BBkiuiii) ketel je'esT iß'hlbb fS aad the Meek rwnheegi el ■STiSfSS;.^ tare, leM Beyal, wee etfll la tke MM Im■gkt, Ike Awe mhlm ea te ■ew yeeyygk *JIM Helel IqrtSTrMeetty !MtM MijAHMtjneMM that II li a maty eaa«• tatf peril etrealatkßg la
    470 words
  • 573 10 PRICES closed on a mixed note In continued sllugish trading on the tmh Lumpur stock market yesterday. Investor* were generally reluctant to commit themselves in the absence of any encouraging lead and transactions were few and scattered. Adverse news on the international scene usually
    573 words

  • COMPANY NEWS
    • 1851 11 THE Stock Exchange sf Stogapore Is currently In the threes sf Its seesnd Bveyear madia nlaullsn programme, aimed at enhancing tto efficiency already pravMtog earni| twinning tke clients' and com pa atop* neafttoas and tenmnatoglvtng tke latent toformatton on Hstmento and etker relevant
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    • 410 11 Current Payment Ex Data Books Close Data PayabU Total for Total for I the year Previous year CoHplaat HI t A Hitam Tin B Lintanf Hwtakak Tractors Rotiwui 8 Darby Tu Choaf A Bat Klata Bellas T slant Miaes Gaiaaess Sya Resins Cold Store Gleaealy KG Flour Rah
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    • 107 11 Company Particulars Ex Date Books Close Kentyin Pub T»*t SKA Corp Tiatrlta MU lad Sap Corp Bonus Issue of 1 (or 4 Bonus Issue of 1 for 4 Bonus Issue of lfor 1 Bonus Issue of 1 for 1 Bonus Issue of 4 for 5 Rights Issue of
      107 words
    • 335 11 Date LMtFmll Ymu fimniiT rcnN Net EPS Grew Pre-tax lMt year (ceata) Dtv. Profit <%) (Vm) Sea View F 30/9 282L Msia Rice I 9/10 4.0 228 Spore Land F 10/11 3.7 5.0 3,488 Msian Ctainers I 15/11 18.1 22.0 4,744 Mai Tin F 15/11 66.35 175.0 24,372
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    • 301 11 TIMAH Matang Bhd, the Perak-based bumlputra tin mining company, has commenced operation. Maju Timah Sdn Bhd, Ferns Mining Sdn Bhd and Kuala Kampar Tin Fields Bhd each have a 30 per cent equity in the company, with Saku Timah Sdn Bhd holding the remaining 10 per cent
      301 words
    • 151 11 SIN Chew Jit Poh (Singapore) has formed a whollyowned subsidiary, Sta Chew Jit Poh Travel (Pte) to carry on its travel business as a separate entity. x Sin Chew has been in the travel limlnrss for about four years and the formation of the subsidiary is
      151 words
    • 387 11 uiMOa HOCK LOCK SIEW THE mystery surrounding Sentosa Plywood's bid to secure a 40 per cent stake in palm oil refiner, Jomalina Sdn, remains largely unresolved. Sentosa first "acquired" the shares last December, in a move to diversify its traditionally volatile business
      HOCK LOCK SIEW  -  387 words
  • Page 11 Advertisements
    • 605 11 A r HFc I P Catvocoraai and G Wint p£U. Total War wasdesignedby its authors to show a rising generation why tha Sacond World War happened and how it was conductad. In this bold faat of 11 1 compression thay giva as much stress and space to political, social and
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  • 619 12 INTERNATIONAL baiters In London were airrtonsly considering the statement from Teheran yesterday that Iran would not pay its massive foreign debts contracted by the regime of the deposed Shah, money market soorces Mid. The statement was made during Friday prayers by Iranian Foreign Minister Abdolhassan
    619 words
  • 733 12 LONDON, Frl. Share prices closed lower in quiet trading following the UK Treasury forecasts that Inflation will remain in double figures throughout 1980, dealers said. At 3pm the Financial Times index was dowaU at 407.5. Industrial leaders were up to 6p easier as in Tube Investments though Averys
    733 words
  • 236 12 FOREIGN Minister S Rajaratnam last night told a a A aU 4 university gniogpii idai the British, Australian and Indian governments are being prteeed to de-recog-nise Democratic Kampuchea and may even be led to recognise the Heng Samrin regime. At a talk to
    236 words
  • 119 12 MR LIM Chee Onn, general secretary of the Natkmal Traces Union Conpaas, hat resigned from the board of directors of J9ngnpore Bus Service (1971) Ltd. v T Hit resignation wat effective from Oct 15. He ti replaced by Mr Patrick Yeah, the executive vice
    119 words
  • 196 12 BRITIBH businessman Richard Taring surrendered to 9h|a|Mß autkrlUM yesterday to begin a sixmonth prison for oflnoM under the Conptnies Act Tarling, ft, was (reed on bail after being convicted and sentenced on Tuesday. But be announced on Thursday nigbt he had (tedded to serve
    196 words
  • 516 12 MAN doea not live by new knowledge alone. There la a need to keep in constant touch wtth old traditions and wisdom that would serve as a guide to Singaporeans going through the "technological minefields of the future." Prime Minister Lee Kuan Tew
    516 words
  • 320 12 UPI SAUDI Arabia odd yesterday that its security forces had taken complete control of the Grand Mosque at Mecca and were arresting the last of the attackers who stormed Tallin's holiest shrine three days ago. Sandi Arabian radio, quoted Information Minister Mohammed Abdo Yamanl for its
    UPI  -  320 words
  • 81 12 THE Ministry of Wa 1 illui has the registration of International Training Centre as a school and the given thne till Dec 31 to rmiph U all praseat Following Investigations Into the aflßhs of the centre, the ■iafsliji fa—d the centre has i iliaisui) regulations
    81 words
  • 147 12 THE Singapore Government has signed a $2.7 million contract with Gustav A Ring A S of Oslo, Norway (or the supply and installation of a communication system at Changi Airport The electronic centralised communication system is one of the most advanced and has been successfully
    147 words
  • 207 12 AFP THE HIGH court in Malaysla Thursday ordered a Singapore-registered ocean liner, the MS Marijke, anchored at Port Klang, to be sold and a sum of U5H56.4&54 (about *****,000) from the proceeds to be given to its Filipino crew in a default Judgement aglnst
    AFP  -  207 words
  • Page 12 Advertisements
    • 232 12 CHIEF EXECUTIVE OFFICER We, as Ike Devekment M>m|h to AM IMn 0 (URA sites 83, 84, fe and 86), Invite applications Oram or permanent residents for the ultimate position of CI OmCEE of one of the Group's subsidiary compani the project. The Chief Executive will *—ww res] development of the
      232 words
    • 18 12 OCR Industrial Building x^rjm *B« W ii<** TV* V %M L i-ajd'? 'Hv, >?ty W-OCv^jp*^,.,?» <-v «#< <#**£• «r-Pi >* if
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  • Page 12 Miscellaneous
    • 63 12 weather j Outlook for Singapore from a.m. to 1 p.m. today: Scattered showers in the late morning. Beyrt far U hum prter to 7J9 pjk m NevJß at toe alipwL Maximum temperature 28.7 Associated humidity 78 Minimum temperature .23.0 Associated hiuiridity 100 Hours of sunshine 0.65 Rainfall in millimetres 1.3
      63 words

  • LEISURE TIMES
    • Article, Illustration
      415 13  -  ■y LINDA NEO IT WAS more than a fashion show. It was a dramatic presentation of clothes, Jewellery and accessories, against a backdrop of mystery and many moods; moving from the calming influence of the "ku chern" recital at the cocktail reception, to the pulsating music of Isaac
      415 words
    • Article, Illustration
      900 14 The Peugeot 305 1WIMM with "Hermes WALK into any of the Peugeot's dealershipa here, select a colour, write out a cheque and when the time cornea, drtve away In any of the Peugeot modele. And you'd know it waa money well spent There's no way you will be
      900 words
    • 579 14  -  CHOO AI LENG WHEN two good actors, like Jon Voight and Faye Dunaway, get together, you can expect nothing short of a big box-office attraction. Chances are that you decide to see The Champ because you are drawn to them. I went
      579 words
    • 564 14  -  FOO CHOY PENG ATTEMPTS to move away from traditional love stories and the present-day kung fu productions are a pleasant change for local movie-goers. But sometimes such attempts are a disappointment when the directors are more interested in making a fast buck than in
      564 words
    • Article, Illustration
      794 16  -  By JOHN LIM THE LONG-AWAITED album from Fleetwood Mac is finally 1 out. The TUSK, Is 1 not the Hwd which one instantly responds to, but rather, will sound better each time it is i heard. Fleetwood Mac is Mick Fleetwood (drums), John McVie (bass), Christine McVie
      794 words
    • 236 16 GUYS sad DoOs, the murtcal that brought to the stage all the richly comic and rogue** characters of the incomparable Damon Runyon in IS6Q, will be presented by the Americsn Assodation and the Natlossl Theatre Trust at the Victoria Theatre next week. The cast will be drawn
      236 words
    • 421 16  -  By PETER WONG MOST groups in London indulge themselves in rock and punk rock. Gabsret shows are not very popular there. But there are a few who have strtved to be tops in this profession and it is not easy because
      421 words
  • Page 13 Advertisements
    • 30 13 vx i i xasana Developing the old Peugeot to neer perfection Ricky it the reel Chemp Mower end bigger condo in Hollend Hoed y Flaatwood Mac'* long-awaHwl aibum i* available
      30 words
    • 94 13 ft *1 ""YOUR CHILDREN Batman a^r 30, >r IT i< k S( m its Til iK k s Bllfv. l >jr\. Q. r','l»JV's Jtjt.ft' <4 Tf**AN TmAOj MfhWkfTVlQi CPACECRAFT 2000 to 2100 AD I '4kr Vwt Our UNDER $1/- COUNTER! i i; K Clifford Centre. Tel: ***** I W-H ♦5
      94 words
  • Page 13 Miscellaneous
    • 935 13 WHAT WHERE FILM SHOWS THE Singapore Science Centre will show two films tomorrow at its lecture hall. These are Great lantor ■eef and Ike Lhrlnt Freest Sounds like a feast far the eyes of nature lovers. Showtime: 3pm. THE French Embassy, in conjunction with the Alliance Francaise, will present its
      935 words

  • Page 14 Advertisements
    • 155 14 k A f N AV, I\\ N^ Co iU A\ By popular demand and to help promote bilingualism, the articles and stories that appeared in The Straits Times Bilingual Page over the past year have been re-edited and grouped under suitable headings and published in a magnificent book. This Collection
      155 words

  • PROPERTY
    • 304 15 FOREIGN PROPERTY "THE BEAUTY of residents real estate la Florida", captained international Krlpttoa Voa Mervekit, "to that It le so much better Mght out wttfc every luxury close at hand". Odea, these dwellings ftfed to the midst of such flon&s of hoary like golf mnh, tennis
      304 words
    • 442 15  -  By TEO TECK WENG CONSTRUCTION work it expected to begin soon for a massive private housing scheme just off Holland Road which will produce more than 300 new condominium dwellings when completed In 1961. Named Leedon Heights, the project involves building 314 'mixed' units
      442 words
    • 550 15 FURNISHINGS j FURNITURE makers in Norway rate craft skills father than production The 200-odd firms in this field mostly small are heirs to an unbroken tradition at furniture design that combines comfort and quality with timeless featujis. Woodwork is a native skill that has been passed down from
      550 words
  • Page 15 Advertisements
    • 205 15 k J r r it THE FIRST INTERNATIONAL RUBBER AND PLASTICS EXHIBITION FOR ASIA WORLD TRADE CENTRE, SINGAPORE. 26-30 MAY 1960. Every year, thousands of new rubber and plastic products enter the market Whether tor use In industry or the home, every product reflects some new development In engineering or
      205 words

  • Page 16 Advertisements
    • 1026 16 crazy fabu lousH Ibook offer I manhkfli New answers to old questions about your health, fitness and sexuality. Every man, of every age, has questions and concerns about himself his health, his heart, his appearance, his sexuality, and his fitness. Here are straight answers to questions that plague the minds
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