The Business Times, 1 March 1980

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C4P) No. llt/1/8# SATURDAY, MARCH 1, II» 50 CENTS
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  • BRIEFLY...
    • 55 1 AFP LONDON, Fri. The US dollar continued to rise today, reaching last year's highs against most Western currencies despite intervention by several central banks and yesterday's announcement of a deteriorating US trade balance. It passed the 250-yen mark despite massive intervention by the Japanese bank on both the
      AFP  -  55 words
    • 64 1 AFP BELGRADE, Fri. Josip Bros Tito's doctors tersely confirmed today that the President's onditkn is hopeless. "Despite au intensive care measures taken, rrsskknt Tito's condition shows no sign of improvement," was the total content of the regular medical bulletin released at Ljubljana clinic. President Tito was reported
      AFP  -  64 words
    • 65 1 AFP BEIJING, Fri. The Chinese Communist Party today formally rehabilitated Mao Zedong's greatest adversary, former president Liu Shaoqi, and opened the way for finding a successor to China's strongman, 76-year-old Vice Premier Deng Xiaoping. During a crucially important six-day meeting which ended today, the party central committee
      AFP  -  65 words
    • 76 1 Reuter TEL AVIV, Fri. Israel's former foreign minister Yigal Allon died today at the age of 61. Mr Alton, who was a member of the Knesset (Parliament) and a top leader of the opposition Labour Party, died in hospital after suffering a heart attack at his home
      Reuter  -  76 words
    • 64 1 BEIJING, Fri. China will start scheduled air services a Boeing-747 between Beijing and Tokyo and Beijing and Paris in April, an official of the CMiwP airline CAAC said. CAAC took delivery yesterday at the first of three 747s it has ordered. Hie Chinese authorities also opened a
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    • 95 1 Reuter TAIHH, Srfc ~VJtoo£wotana the deckling factor in selecting which foreign car manufacturer will be the partner in a projected large-scale car plant to be set up in Taiwan, Vice Economics Mfofr* 1 William Wet said. Mr Wei said she foreign car makers, including Nissan Motor Co
      Reuter  -  95 words
    • 68 1 UPI NEW YORK, Fri. The stock market pushed slightly higher this morning in moderately active trading with the aid of selective buying. The Dow Jones industrial average, which slipped 0.68 point Thursday, was ahead 1.71 points to §56.14. Advances led declines, 583 to 432, among the 1,450 issues
      UPI  -  68 words
  • 135 1 Rites Indices Stfca Kiata 1380 >150 Feb 28 Feb 29 Miiu Ctatom 430 +46 B.T. Index: 418L58 4187.98 T Harbour 430 +40 Industrials: 490.43 410.43 Sal froftrtkf 8alaagar Dr«d| M CmmI too 579 430 +30 +30 +30 Finance: Hotels: 875.21 880.49 419.X 419.12 Pabtte Textile 183 33
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  • Article, Illustration
    158 1 Rises Indices MUInd 630 +85 B.T. Index: Feb 31 Feb 39 6571.27 6686.03 M Contain 434 +34 Industrials: 547.27 550.16 G Kent (M) 510 +30 Finance: 778.76 784.12 Temerk* 760 1900 +30 Hotels: Properties: 336.29 327.32 S Mai Tin (M) +30 984.06 399.32 DBS 000 700 880 1300
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  • 635 1  -  INTERNATIONAL FINANCING a* RUTH CHENG THE Singapore dollar takes s step further down the road to internatknallsation with news that Japanese bankers are preparing what could become the first oftahore Singapore dollar loan. Sources say the giant Marubeni trading house is raising the equivalent of
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  • 204 1 THAI Premier Kriangsak Chomanan yesterday (ace of momrting opposition to Ms 77-month rule. Reasoning that "conflicts" between the government and parliament are "not what the people want" and pointing out that "the people in rural areas don't mind who governs them so long as
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  • 471 1 STOCKBROKER Tong Teck Linn, 4S, yesterday faOsd to obtain a court order to wind op the Mock □racing arm ooiaeii nope sbTjemslntng directori of Golden Hope. Mr Alan Wong Hoi Ping, reprooentlng the directors, contended that Mr Tone's petition was made In "had faith" and was
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  • 368 1 THE government-owned Keppel Shipyard Group has brought In a new team of senior executive* to strengthen the management of its oil rigtnOdtng subsidiary Far East-Lev-ingston Shipbuilding. The move comes in the wake of rumours that the chief executive Mr P H Meadows might be planning
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  • 107 1 THE wpitiil ••»< price totrMM ttos jtar atfjto w «fleet SLwi MiHrto* mr have to c^Sr2£ it all, tb? MdMiMl pufi d the petrol ste* toMtovc yet to be emverM to Ml FW fti ant tow days, SESzsl^ CTi 19 MVW
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  • 482 1  -  By SALMA KHALIK ALL collective agreements between employers and unions are legally binding rWniiwtfntK which cannot be broken by either party. This was the decMon made by the Industrial Arbitration Court in the breach of collective agreement case brought by Silo against Group Wood Products
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  • Page 1 Advertisements
    • 23 1 Ricoh Plain paper copiers by offices worldwide 5 CALL *****5. T fW Wywy Private Limited mmmm rouse, 17 Lang Km Road, Singapore 0315.
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    • 140 1 SMOKE? THEN lITSIAIK TEETH You wouldn't use a scouring agent to clean bone china, would you? It's the same with teeth. Yet ordinary toothpastes are too bland to remove tobacco film, and tea, coffee or other stubborn stains. The answer? New Clinomyn the toothpaste specially formulated for smokers who want
      140 words
    • 9 1 i LEISURE TIMES 11 4 >|i l ii:i A»:
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    • 46 1 FOR PEOPLE WHO MATTER +_>-!~?]^;[_@}~%|><{&]([[{+`@+} Discover §t i FREEZOMINT If by CUSENIER jp""j with green j creme de menthe n) J w. At V v ill i J 4 ft *L v> v 4 HOCK TONG BEE PTE LTD 34/ Bt;kit Timah Rci Spore 1025 Tel *****55
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  • TRADE AND INDUSTRY
    • 487 2 COURSES AND TALKS March 3-4: How to Analyse and Structure Your Organisation, Holiday Inn, Price Waterhouse 1 March 4-May 6: Quality Contol (Basic), Sisir Lecture Room, Sisir March 5-6: Introductory Course on Computer Graphics, Woh Hup Complex, Mecomb—LeRoux March 6-7: Manager and Team Development, Holiday Inn, Price Water
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    • 422 2 SINGAPORE'S trade with Argentina last year totalled $134 million with a 50 per cent growth over 1978. For the first 10 months last year, trade was in the Republic 's favour with exports worth $78 million and imports of $56 million in agricultural
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    • 170 2 BY 1985 China will be allocating an estimated 17 million tonnes or 10 per cent of total crude oil to feed its rapidly expending petrochemical facilities and, by so doing, could place a serious strain on other national requirements. This is one of several major
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    • 731 2  -  CAPITAL EXPENDITURE $5m By WANG LOOK KEAH SINGAPORE Aero-Engine Overhaul Ltd (SABOL), a subsidiary of the Singapore Airlines group, will in the next five years spend $5 million on capital investment to increase and upgrade overhaul and repair Facilities. Part of the company's ambitious
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    • 406 2 SONY Corporation will aooo market worldwide its newest innovation in the audio Odd a pocket-sized stereo cassette player that deliver* full quality high fidelity sound through a pair of featherweight headphones. Called the Soundabout, the unit Is about the same size as a pocket dictionary
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    • 223 2 THE National Productivity Board is conducting a course on the practical uses of statistics in industry from March 4 to 30. The course aims to demonstrate how management can use statistics as a tool to improve productivity. A course on Professional Salesmanship is also due to start
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    • 472 2 MR Vincent Lim, founder and current president of the Singapore Chapter of the Administrative Management Society of USA, has Just been elected a Fellow of the British Institute of Management. He is also Fellow of the Institute of Sales Management (UK), Fellow of the Faculty of Secretaries
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    • 149 2 The Department of Extramural Studies of the University of Singapore will be holding a 16-session course on Marketing Consumer Products every Tuesday from 7.00 to 8.30 pm beginning on March t The lecturer will be Mr John H.H. Ho, regional sales manager, consumer products. This course deals with
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  • Page 2 Advertisements
    • 183 2 e V V Work behind the news Behind the names and the news in Business Times is a highlyprofessional, closely-knit team of sab-editors. We are now planning to augment this team to eope with the steady growth of the newspaper. The sub-editors we have now were drawn from varied backgrounds,
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  • REGIONAL
    • 325 3 ASEAN and EEC foreign ministers will discuss the Kampuchean and Afghanistan issues in their informal meeting, Malaysian Foreign Affairs Minister Tengku Ahmad Rithauddeen said. "These two issues will be itiicussM in the informal session of the Asean-EEC foreign ministers meeting," he said. In the formal
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    • 366 3 Reuter PRIME Minister Indira Gandhi said yesterday that India would like a stable government to be farmed in Afghanistan but that it was for the Afghan people to decide what type at government they should have. iPTi/ news agency reported Mrs Gandhi as
      Reuter  -  366 words
    • 47 3 Thai army artillery utt stepping aleng the mala highway late Thursday after»»sa with Its earge sf 196 mm artillery cim destined fer the Thal-Kampacheaa herder. There were eight guns aid twe tracks fells wing with shells fer these large artillery pieces. AP phete AP photo
      AP photo  -  47 words
    • 136 3 AFP AFTER a two-year delay, the Philippine Board at Investments (BOI) has formally approved a project which will enable the Philippines to produce lower and higher range diesel engines by 1982 A 801 official announcement identified the foreign participants in the protects the Aufsburg-NuernberkAktien-gesellschaft (MAN) of
      AFP  -  136 words
    • 457 3 THE Malaysian International Shipping Corp (MISC) hat placed $166 mlllioc worth of ortei far the construction of four new ship* that will add substantially to Ha plane to double its Sect tonnage by the cod of the decade. The (our drips two
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    • 324 3 FROM April I, the Malaysian Airline System (MAS) will introduce new low Advance Purchase Excursion Fares (Apex) fares between Kuala Lumpur/Johore Barn and Kota Kinabalu/Kucbing. At the same time, capacity and frequency of flights between Peninsular Malaysia and Sabah and Sarawak will be increased. MAS
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    • 564 3 AP THE Cambodian government in Phnom Penh announced on Friday that it is ready to negotiate with Thailand about possible repatriation of some 150,000 refugees who have fled to that country since last OctoIn the first such public overture, the official radio of the
      AP  -  564 words
    • 176 3 AFP THE plywood manufacturers' associations of Malaysia, Indonesia fcpiat will meet in Kuala Lumpur on Tuesday to inaugurate the Asean Plywood Federation. The plywood association of the Philippines and Thailand will be invited to join the federation. "An Asean plywood federation will strengthen the stand of
      AFP  -  176 words
    • 159 3 AP OPPOSITION leader Kim Dae-Jung and 686 others were politically rehabilitated yesterday in a special amnesty decreed by President Choi Kyu-Hah President Choi said in a statement that he had taken the measure to "provide the basis for national reconciliation and enable the people to Join equally in
      AP  -  159 words
    • 495 3 Reuter JAPAN had a revised overall balance at payments deficit at U552.22 billion In January, the Finance Ministry aid. This revised figure widened sharply from a revised 1512 million December deficit and a 1874 million deficit a year earlier. The deficit was unchanged from a preliminary
      Reuter  -  495 words
    • THE REGION IN BRIEF
      • 376 3 Agencies JAPANESE exports of assembled vehicles in January fell 17 per cent to 388,100 from 480,800 in December, but were up 218 per cent from 322,400 a year earlier, the Japan Automobile Manu-facturers Association said. The January total comprised 280,100 cars, 115,800 trucks and 3,400 buses. A NEW
        Agencies  -  376 words
    • 123 3 Reuter HONGKONG'S two consumer «ice indices, "A" and "B" (base 1973-74), both rose 2 per cent hi January to 150 after December increases of 1.4 per cent for the "A" and 0.7 per cent far the "B" index, census and statistics department figures show. Both
      Reuter  -  123 words
  • Page 3 Advertisements
    • 121 3 Yamaha boats have proven themselves on international race courses many times. The most dramatic successof Yamaha was that of the "Magician V", the 1978 Quarter-ton World Champion. She defeated 32 boats from all over the world, under the most trying conditions. Another example of the proven all-round performance of Yamaha
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  • RAW MATERIALS
    • 428 4 RECENT trends in the price of natural rubber (NR) in the work) market appear to show that the buffer stock under the Internationa) NR Agreement recently concluded in Geneva may not come into being for quite some time. This was pointed out by the Standard Chartered
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    • 258 4 NERVOUS at the start, then gradually quieter, trading has been experienced In the aftermath of the recent massive shakeout in London, with levels finally down some 11 cents on balance, says Hefldsy, Cstter, Bath A Cempaay in its review of the Malaysian and Singapore rubber markets
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    • 328 4 9NGAFOBK: Yesterday's closing prices in S3 per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 0.98, UO- per cnt asoond class 0.83, lfl) per cent tUrd class 0.81, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.63, Special 057.
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    • 294 4 THE SINGAPORE market yesterday closed higher with March One RSS buyers quoted at 347.00 cents per kilo, up eight cents from Thursday's close, dealers said. Morning prices were marked up about nine cents on higher London advices, forward demand, speculative, trade and upcountry buying. The afternoon session was easier
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    • 299 4 R. AS. prices In cents per kilo yesterday: n (per kilo) (per kilo)_ Int. 1 R.S.S. prompt t.o.b. 340.00 Int. 1 R.S.S. March 344.00 lot. 1 RSS. April 30.00 Int. 2 R-S.S. 330.00 UK/Coot SHOD Int. 3 R.S.S. 117.00 UK/Coat 314.40 Int. 4 R-S.S 310JO UK/Cant 300JO Int.
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    • 111 4 NOON S8R and SMR phem ymt ■rdar RA8 Man/ (Cimal Bijtn 84 1 Mtk) »Uan Apru (Forward Mtk) Bayer* BaUart SSR >0 (1-taa paUst) 300.00 302-OON >0100 306 00N aoutN SSR SO (1-toa pallM) t*.00 MOON 301.00 MRELB Marak Avrti SMR CV (1-taa paltett ***** S74-00N 37*.
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    • 80 4 THE Straits tin prim la Peaaag yesterday fell ttoaai Til Agreement ceiling, dealers said. Sentiment turned easier, mainly ieftw ed by toe oversight tell la L—iia sad larger deliveries sf tta esaeeatratos aid ead msatt csr Tstal tsrasver Increased farther to til tsines frsm akut S to If
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    • 32 4 Rubber: Feb 29 Singapore: March: 347.00 cent* (up 8 cents) Malaysia: March: 349.00 cents (up 4 cents) Tin: M $2,3 20 (up Msso)) Official offering: 247 tonnes (up l&Vfc tonnes)
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    • 165 4 CHICAGO Board of Trade wheat futures closed lower on Thursday, from Vt cent a bushel lower on the spot March to off three cents in December. Easiness in other grain markets and a lack of new export demand kept wheat under pressure all day, floor traders said. Light commercial
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    • 146 4 VALUES in Kuala Lumpur yesterday eased on lack of refiner buying In thin and quiet trading with operators sidelined awaiting a further price decline, dealers said. In the south, March fell Mslo to $1,105 per tonne and $15 to $1,100 in the central region. April was traded at
      146 words
    • 194 4 YARN and cotton prices were quoted ss follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattsa yam: Chins Blue Phoenix 20b U»; J* 2,7». 40S 3,030 (per bale at 400 Bis). Ftaee goads: China Butterfly and Globe braad uaq; Drar* Head unq; Five Lambs unq; Flo— and Butterfly
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    • 150 4 CHINESE Preface Exehaage, fltagapses, aeea dakf prims psr ptesl y—tcriaj: Cscsaat ell: Bulk $104 sellers, old drum $110 sellers, new drum $114 sellers. Cspva: Mixed (loose) UK/ Coot 962.00 buyers. Pepper: Muntok ASTA white fob 100% NLW {336.00 sellers, Sarawak white fob »6% NLW $320.00 sellers, Sarawak special
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    • 227 4 CHICAGO Board of Trade soybean futures closed on the lows on Thursday, down 5V* to 3V4 cents a bushel, in light trade. Commercials and commission house sold late in the day, to push the market to new lows, with only light pricing by a major exporter in July lending
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    • 906 4 SUGAR: Number two raw sugar futures were very steady yesterday morning on mixed commission boose, outsider and trade support, closing witb on balance gains ot £5.15 to £11.75 per tonne. Tbe October position showed tbe largest advance which Anally equated to a £20 limit rise from Thursday's mid-session
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  • ASIAN STOCKS
    • 483 4 TOKYO SHARE prices closed higher in active trading yesterday, led by resources, machines and some blue chips, dealers said. The Dow Jones average rose 20.90 to close at 6,/64.89, with volume of 640 million shares. The Tokyo Stock Exchange index closed at 467.93, up 0.53. Coals rose sharply,
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    • 325 4 THE MARKET (altered somewhat yesterday following Thursday's tremendous surge on a mixture of profittaking and nervousness over possible interest rate rises this weekend. Prices were virturally unchanged at the close but wide swings were seen during trading hours. Brokers generally seemed bullish for next week but expressed caution ahead
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    • 333 4 STOCK prices closed firmer yesterday despite lste profit-taking, dealers said. An Influx of foreign cash supported copper miners and the minor shale oil issues with the overseas Investors apparently less worried about the prospects of rising interest rates and a possible revaluation of the Australian dollar, they said. Coal
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    • 103 4 THE market closed generally firmer yesterday, although turnover fell to 10.3 million pesos from Thursday's 11.6 million, dealers said. FEB 29 Pesos A CO)* Mining Atlas Con. A Atiu Con. B&«uio Ootd Benruet Con. B BF Goodrich CDCP Ineo B. Landoil Lepanlo B. Martnduque B Meralco Oriental A Oriental
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    • 233 4 THE market declined yesterday following Prime Minister Kriangsak's resignation, dealers said. Bangkok Bank fell eight b&ht to 308, Capital Trust three to 65.50, First Trust 3.50 to 85, Jalaprathan Cement two to 122, and Rama Tower 50 to 88. FEB Bahu Asia Credit Asia Fibre Ayuthaya In*. And Trust
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    • 50 4 FINANCIAL TIMES INDUSTRIALS Thursday 466.1 Wednesday 460.4 Week Ago 457.6 DOW JONES AVERAGE INDUSTRIALS Thursday 864.44 Wednesday 666.12 Week Ago HUt H.K.HANG SENG Friday »14*1 Thursday 918.74 Week Ago 82SJ6 SYDNEY INDUSTRIALS Friday Una* Thursday 646*1 Week Ago 666.06 ALL ORDINARIES Friday Una* Thursday 881.70 Week Ago 887.60
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    • 41 4 SHIsEiDO Co announced higher consolidated net Income of 13.41 billion yen tar the year ended Nov 30, 1979, compared with 12.17 billion yen previously. Sales came to 313.25 billion yen (198.56 billion); earnings per share 70.89 yen (70.74 yen). J,
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  • Page 4 Advertisements
    • 165 4 Wendy Hutton's uijji ....more than jus* a cookbook! Here, for the first time, is a local cookbook that lives you more than just recipes. More, too, than lots of fascanatinf and relevant information about Singsporean ingredtents and cooking methods. Singapore Food is unique because ft puts Singapore's famed cuisine into
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  • OVERSEAS
    • 379 5 UPI PRESIDENT Carter plans to seek Senate ratification at the Salt n treaty this year, despite the Soviet invasion of Afghanistan and the resulting anti-Russian sentiment in Congress, sources said on Thursday. The sources said Mr Carter will push for ratification even if the
      UPI  -  379 words
    • WORLD IN BRIEF
      • 392 5 Agencies THE measures decided by the Bundesbank yesterday underlined its commitment to fighting inflation, the West German R*nn«p Association said. By raising discount and Lombard rates, the Bundesbank has followed the international trend in interest rates and acted against a depreciation of the mark, the association said. BENK
        Agencies  -  392 words
    • 737 5 ARRIVALS Service Local Operator Nsaber Tine From MAS MAS SIA CAL CPA GIA Sr GIA' BN THAI PAL SUr-. GIA KLM SIA BIAS CPA MAS SIA SIA SIA CAL GIA SIA SIA GIA SIA GU MAS JAL QAL SIA MAS SIA GIA MAS SIA AI UTA SIA
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    • 245 5 UPI BRITISH Prime Minister Margaret Thatcher has easily defeated the first major parliamentary challenge to the tough economic and industrial policies she says are needed to get Britain out of economic trouble. After a noisy seven-hour debate, the House of Commons on Thursday night voted 327 to
      UPI  -  245 words
    • 541 5 NYT Reuter THE US Joint Economic Committee of Congress has unanimously recommended a combined tax and spending reduction that it said would cut inflation and raise productivity and investment. In its annual report, the committee contended that USUI billion in tax reductions for business,
      NYT; Reuter  -  541 words
    • 249 5 Reuter GUERILLAS holding more than 50 hostages, including 15 ambassadors, Inside the Dominican Republican Embassy in Bogota yesterday promised to release another five women hostages before beginning with the Colombian authorities. The left-wing guerillas of the M-19 Movement who seized the embassy on Thursday, has so
      Reuter  -  249 words
    • 507 5 EXPILIIU IMI 111 TODAY Car Liner No 1 (Ro/Ro) (MO after Rotterdam sails) 47 Dove (Tanker) (after Joo Hong P/O, subject gas free) Frotasantos (after Ragna Bakke)6/7 Galich (1500 after Johneverett subject freeboard) 23/24 Ippolitos (after Cape Horn) 8/ 9 King River (hauls after Lilac Ace sails)
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    • 735 5 AFP, Reuter THE European Economic Community and European steelmakers have warned America that any antidumping action against Common Market and Japanese steel exporters could trigger a serious trade confrontation. Mr Etienne Davignon, the Common Market Commissioner (or industrial affairs, said he has issued a "very
      AFP,; Reuter  -  735 words
    • 178 5 INCREASED ail imparts in exchange for industrial and arms sales will be the main topics of talks French President Valery Giscard d'Estaing will hold during his fivenation West Asian tour starting today, diplomats said. Efforts to prevent a destabilisation of the area also
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    • 113 5 SOVIET and Afghan troops in Kabul were put on special alert as Muslim guerillas promise new anti-Soviet demonstrations and attacks. Spokesmen (or the anticommunist guerillas said the attacks are planned to begin as worshippers emerge from Friday prayers in the Afghan capital's mosques. However,
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  • Page 5 Advertisements
    • 209 5 RETURNING OR RETIRING TO THE U.K.? FINANCIAL V INTERESTS IN THE U K Six Questions Have you planned your return to Britain? Do you know the U.K. tax concessions available to you? Do you pay U.K. tax if you do, should you? Have you planned to reduce your Capital Transfer
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  • 405 6 IT WAS about 10 years ago, in the earlier days of our lows affair with national campaigns of one description or another, that the Government, very bravely taking upon itself the daunting task of playing matchmaker, attempted to persuade Singaporeans to look upon wheat with
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  • 305 6 TODAY'S inauguration of the era of a-dollar-a-litre petrol 6ould become just another milestone along the pitted highway of history. It is the second such increase at the pumps to have hit the motorist in barely 60 days. It is now expected and accepted that
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  • 1155 6  -  NO MORE ECONOMIC MIRACLES? Ireland's economic 'miracle' seems to be over. The new Prime Minister, Charles Haughey, has announced an austerity programme aimed at reducing the balance of payments deficit and runaway inflation. In this article, MATTHEW SYMONDS of the Financial Time* looks into this
    FT  -  1,155 words
  • 571 6  -  By DAVID GARRICK I SAW aa advertteeaieat receatly which ArtirM me. It depleted a Jelly busily eajsyteg a MUty tat mtm tee Image et tee yeaag teteer wm a biaeh tun which signalled hto early demiee, ten leavteg a yeaag widew aad mall
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  • Page 6 Advertisements
    • 156 6 K\ *uvi w bring |< together the most sophisticated audio-visual, hi-fi equipment and related services available. This will be an excellent opportunity for manufacturers and suppliers to demonstrate their highly-advanced equipment. Auvi '80, to be held at the World Trade Centre from 2-6 July 1980, will be widely promoted throughout
      156 words
    • 27 6 m •Science-Fiction •Comedy •Drama •Feature Films •Cartoons •Rock-Otsco-Concerts •Sports •Learning Self Development Etc. PRE-RECORDED VIDEO CASSETTES IN COLOUR FROM U.S.A. A EUROPE' FuH trttm Imt tnm: mm
      27 words
  • Page 6 Miscellaneous
    • 1230 6 SINGAPORE 5 12.55 PM Opening Mowed by Sesame Street 1.55 Satirday Matinee Lhrinc K Up starring Dean Martin, Jerry Lewis, Janet Leigh, Edward Arnold, Sheree North, Fred Clark 3.30 Pro-Olympic Footbal Tournament Singapore vs India 4.35 The Waltons The Innocents 525 Sandiwara Pileh Punya Pileh (Malay drama, repeat) 6.05 Fantastic
      1,230 words

  • 1849 7 REFUGE FROM STORMS OF OIL MARKETS FT A GROWING number of European chemical companies are starting to seek refuge tram the storms of petrochemical production and the world's oil markets in the making of high value specialities. Chemical industry puncttts have for years been advising
    FT  -  1,849 words
  • 1001 7 Depthnews NO LONGER will the water hyacinth be a monster plant to most Asian farmers and fishermen when Indian experiments reach Odd trials soon. Indigenous to South America and brought to Asia as an ornamental plant in the late 19th cenrtury, the fast-growing water
    Depthnews  -  1,001 words
  • 778 7  -  FORUM with MARGARET THOMAS PORNOGRAPHY is not the only thing on their minds. If men and machines at the Board of Film Censors occasionally blow a fuse, it is not be--cause of the sizzling, sexy stuff that is being flashed across the screen. It
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  • Page 7 Advertisements
    • 17 7 n 5*3 es rr S3 53 MTnHWbwiM 3 3 *5 11 .''r'-' t".' ■>■■■•■ J Hsa r~H E
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    • 82 7 $22.75 llvStnnts 1 iiih 1 fiL i m M >> *XCX Jfc T? HL t A THAPf AUTHORITY KAN .1 mmmm 2000 to2IOO AD Strwin Cvwlry AuT*OIUTT KAHtttOO* Ureal Space Battles I hmnih WJWUA VINCENT KALf V*~s. $19.15 sili S A -«r ~>B 1 $19.15 <> <■ if i 1
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
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      • 202 8 rtB rn CORBKILLE Air-Liquid* B a H Aran Duom ear (TtmnaoeCta rmmlM 4m Petroic* 903 HI too 14 1 -10 -I Compacts I* ComptfnJe Oenaral* Credit Poaeter I I 1 I ■1 HachMU (Libnurtc) Mvhtnff Run v mm wis 4U +au Michel to (B) twtu PKhilMJ OglM Kuhlraaiui aut
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      • 80 8 FEB Prs FORWARD MARKET 310 .J Art-rt 2156 Aatur •10 Brtacan 9Tf Bru-Umb im -0 Cmnpac Cork 12U 300 -2 -0 Dt Dun 4. j DM 1H0 KtectroM fftt Ob-Inno-Bm 2345 JO un<h fW> 900 Hnhnk 9000 25 P»lIO Rrt Dutch zzzSo -40 .35 Suro ITff uneh Sec Oan
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      • 8 8 wr*"! 1 idSBI JU l r imbi
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    • 995 8 NEW YORK THE STOCK market on Thursday moved narrowly lower In heavy trading aa Investor* remained cautious amid expectation that Washington is planning new moves to curbinQatlon. Oil stocks, which have been market leaders recently, were also mixed as ran into profit-taking. The Dow Jones
      995 words
    • 178 8 rxs S a AMUM Alcan an •JO H -tk Alcorn* Bank Moat Mk M* It* Bank Nora Brit Tti eotia Both Corp BP Qui Ltd. SI* Brucu 1* 1* Camp Rod U Can imp Bfc ito m 1 rft •M unch -M Comtnco IB IH Fl-sg or 11% Ik
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  • Page 8 Advertisements
    • 176 8 Where to wine, dine and entertain IF YOITRE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLStDE Tpmcc+m barbecued spare ribs, juicy steaks and steps, bsgiued prawns, spring chicken or pork ■■MPM Ikmb our own smokehouse, i VMMd a-la-carte barbecue lunches Saturdays ■i 11.30 am to 2.30 pm l*satlfl.
      176 words
    • 144 8 hor sushi. For teppanyaki. For other authentically Japanese delights. (tiji iV 1 n< x>n ,1 pf! (y '10 pin J() )y I' >t rcscn'at'.inis t\ill 7717'H <77 A k s(«*1 II I ll*\ I*J I l'l> tt 'I'Hll >| "•> j |j M >|"« >' m HUGOS Mf} BUSINESS PM
      144 words
    • 120 8 8m Page 4 for Asian stocks See Page lor Jo'burg prices BRILL It's elegant, comfortable and quietly opulent, with a menu that will <w«gKt discriminating Our A la Carte selections specialise in steak at its and moat succulent. To make the choice a little easier for jrou, we have also
      120 words
    • 170 8 Singapore-style fßilton style, lah at h the Top of tne Hilton. T hat s where ,ou get a se-**< i»n o'tvpi< .illy Cantonese •a.' uj'tif's AnvJ our ve' v o >\n f- i.i. >urs < >f Singapore No mess No noise Just gn\it i how In th»- comfort an J
      170 words
    • 82 8 f T^ 7 (,<> Tj rI >0D ifi-L, i os\ St»<»| li iii j*. IC c I,t \i■«. «a* J ft Ronnie J3&. Robin's Tavern. The place to go to, after work. To relax, and to entoy your favourite drink. In a cosy, soothing s~ atmosphere with cool, cool mnaic
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  • BANKING AND FINANCE
    • 315 9 BANK Rakyat with a new chairman and three other new board members will be formulating plans to enable it to play a greater rale in the future as an important financial institution in the country. In a speech yesterday announcing the appointment of
      315 words
    • 120 9 Reuter DEPOSITS in Thailand's 30 commercial banks at the end of 1979 totalled US$B.7 billion, an increase of 11 per cent over the previous year, the Bank at Thailand announced. Total deposits are broken down as fixed deposits 16.4 billion; demand deposits $1.3 billion and
      Reuter  -  120 words
    • 75 9 THE Industrial and Commercial Bank's (ICB) prime lending rate (PLR) is being adjusted upwards today by OJS percentage points to 10.5 per cent. Its savings rate will be raised by 0.25 points to 8.75 per cent. Fixed deposits on one, three and six months will be
      75 words
    • 531 9  -  By RUTH CHENG HEAVY borrowing by some countries and the uncertain world economic situation have contributed to higher margins on syndicated loans in Asia. Bankers say spreads on syndicated loans have, in general, risen by almost 0.125 to 0.25 per cent in recent
      531 words
    • 449 9 THE German mark and the Hongkong dollar are expected to post gains against the US dollar in the near term. The mark has remained easy against the dollar in the past month, trading from levels around 1.73 marks to USH to the current level of
      449 words
    • 152 9 Reuter OFFICIALS at the Japanese Finance Ministry and Bank of Japan said the official discount rate increases by West Germany and Switzerland were anticipated bat are concerned over the impact on the value at the yen. Ranking sources In Tokyo said they expect the government
      Reuter  -  152 words
    • 612 9 NOW that Malaysian Finance Minister Tengku Razaleigh Hannah has affirmed that state governments are ready to allow banks and finance companies to accept Malay reservation land as collateral for loans, it is up to financial institutions to make the next move to expand their financing operations accordingly.
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    • 337 9 FEB 28 Rand INDUSTRIALS A Alpha 280 5 A bercom 30ft 15 AE And CI 710 ft A Mir 2275 25 Barlows 1006 20 Cf Sugar 1125 •25 CNA 420 10 Currie Finance De Beers Ind 2500B unch Edfon 475 Edgars ***** Eveready Fed Volk II 430 15
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    • 107 9 THE Singapore branch of the Bank of Tokyo Ltd is issuing a US$2O million floating rate negotiable certificate of deposit (FRCD). Bearing an interest rate of V« per cent over the sixmonth Singapore interbank offered rate, the paper is managed by the SingaporeJapan Merchant Bank
      107 words
    • 452 9 THE U.S. dollar finned considerably against major currencies yesterday. The undertone of the US currency remained basically firm due to high US interest rates. Widened Japanese trade deiflct and balance of payments figures brought the US dollar up against the yen from an opening of 248.80/ 90. The
      452 words
    • 118 9 THE UJS. dollar for overnight delivery closed shar£ ly firmer yesterday at 349.80 yen, compared with a 248 JO opening and 248.06 at Thursday's dose, despite strong central bank yen-support intervention, dealers said. Trading was heavy and active, with volume of USS96O million. The Bank of Japan sold an
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    • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.5 per cent.
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    • 182 9 ASIAN ASIAN currency deposit Interbank rates as at close on Feb 29: 7 days 1 month 2 months 3 months 0 months 9 months 12 months U8 Offer BkI 15H 15V4 165/16 16 3/16 16% 16H 17 3/16 171/16 17 3/16 171/16 16 11/1616 »/16 16 W 16H SwJrs. Das.
      182 words
    • 43 9 RANGE at prices offered by discount houses on Feb Overnight Call departs: CM to Clacuf B.J1M 3-month Treasury bills «13/1« «11/16 3 month Bank bills 10 Vt lO'-i 3 months CD 10H 10v. «months CD 1011/1« 10 «/It Source: National Discount Co
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    • 49 9 RESULTS of tender held on Feb 29 for 91-day Treasury bills to be issued from March 3 to March 7. Offered: $35,000,000 AppM Isr: 8101,700,000 AMM: $364)00 000 Accepted Mds: 198.30, approximately 73 per cent, higher bids in full. m abhsal: 6.735 per cent per annum.
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    • 300 9 GOLD futures in Singapore yesterday closed easier after a firmer opening on some late profit-taking in generally light trading, dealers said. News of Thai Prime Minister Kriangsak Chomanan's resignation had little impact on the market, they said. Turnover (or the day was recorded at 88 lots while kerbs was
      300 words
    • 197 9 SHARPLY higher rates for Eurodollar deposits overrode the effect of higher European interest rates and pushed the dollar to recent highs in early London trading yesterday, dealers said. The dollar surged to 1.7735/45 marks and 1.6850/ 60 Swiss francs, from L7665/ 75 and 1.6780/® at the opening, while sterling
      197 words
    • 123 9 THE U.S. dollar continued to strengthen in steady active trading yesterday, with early buying from Europe moving into the market, dealers said. The US unit rose at one point to 1.7667/72 marks compared with the morning's 1.7643/48 here and New York's 1.7625/35 close. The US dollar stood at 249.70/80
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  • Page 9 Advertisements
    • 113 9 We seek, for immediate vacancy, an energetic Accountant, over 30, with at least five years experience in broadly based accounts work, preferably involved with trading company statutory accounts and tax-re-turns. Well-versed also in compiling trading budgets, profit and cash forecasts, management accounts and reports, letters of credit and other banking
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    • 46 9 TAX HAVENS Tax Havens where are they How can they be used? How can you cut your taxes by using them These are just some of the questions which are answered in this valuable guide. m*m I? I i -T: m •-TK> W 4 I Using
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  • 1528 10 BID and alter prices officially listed and burin— in aod reparted to the Stock Rxrhange 8f Singapore yesterday with the number of shares traded »hwa in brackets ia lots of §000 units, unless otherwise SECTION ONE INDUSTRIAL COMMEBCIAL kr./arAW"""»' glttad Cbaa (IJ»)CD
    1,528 words
  • 140 10 ■MtfWDMTiiar (II peteoe krlkrl) The Owiimru* 141 LM Inro The Savtac* Fund LM LMftd S'pore Prog M Lll Ul S pore Sec Fund LM Ul S'pore Inveat Fund LM L57 (Hl S pore Equity Fuad LM LIT Flrn 1 tfUIWTTHK teo« (M i t prteae Mr Mar t)
    140 words
  • 2769 10 1 *1979/1980 ."Higfc Low Company Last Sale Gr». Div DW +or- Ctt SECTION ONE Gr*s Net YTd P/B Vol Day COOO) High Low m INDUSTRIAL ft COMMERCIAL 306 '180 hS -482 220 380 V <15 m -MO :-st ■s 1400 153 >540 207 123* 110 133 296
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  • 1854 10 BID and otter price* mvuny listed and twsiiiess In and reported tO the g 1 I Jimpy Stock Exchaafe yesterday with the number at shares traded shown in brackets in lots at 1,000 units, unless otherwise specified. ommuu l| II m (1MB) (1) 1« (1) IM Mesa
    1,854 words
  • 425 10 NALATSANM etaehe, laelallag sbas tllri Itwn, paehei Is the terefrsat st the atog»jwre SfBBBIBtWB teigkMiU Www» aetteei the oMft of latere* fee BOfsl ly frisl AlllS each BB ttw, fnsiiihig Mo tatereet Susr2lsfcro2 B ££L. e< Overeeas teals wMeh M nperteif heea ea a ieettae recently
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  • 553 10 SUSTAINED buying support gave the Koala Lumpur stock market a slightly steadier finish yesterday. Tracing was fairly active. Extending the firm overnight-dose, the market started on an encouraging note, with marginar gains across a broad front. But it softened in the wake of some profit-taking
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  • COMPANY NEWS
    • 1063 11  -  By ANTHONY TAN FOOD and beverage manufacturer Yeo Hiap Seng (YHS) expects further pressure on the prices and profit margins of its range of products this year. Chairman Yeo Thian In in his latest annual report to shareholders —the outlook for the
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    • 865 11 WHEN Pernas Securities moved in to acquire the Malaysian interests of London Tin and Charter Consolidated in 1976 and later a substantial interest in Stane Darby, some disgruntled foreign observers described this as backdoor nationalisation by the Malaysian government.
      865 words
    • 707 11 TOGSjaa by HOCK LOCK SIEW AMONG the fanciful bullish rumoura now circulating in the stock market, one rumour at least seems to be credibility with speculators, if market activity is to be taken as an indicator. Noticeably, the shares of property group Malayan Credit
      by HOCK LOCK SIEW  -  707 words
  • Page 11 Advertisements
    • 154 11 lIIC lIBH <*•****•■«*> U|3 UNTTEDNTERNAnONALSECURmESLTD INCORPORATED M THE REPUBLIC OF SINGAPORE) ANNOUNCEMENT To All Shareholders Subject Audited Results for the Yeer Ended 31 December, 1979 The Board of Directors is pleased to announce the audited results of the Company and its subsidiary for the year ended 31 December, 1979 as
      154 words
    • 11 11 0 no lb a a y Price N $30.00 post-free > w
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  • 248 12 THE Singapore Stock Exchange (SES) has turned down a request by United industrial Corporation XUIC) to resume trading in Its shares, suspended since Teh 21. The shares were taken qff the trading lists following advice from Morgan Grenfell, UlC's advisers, that UIC
    248 words
  • 291 12 A US Judge has ruled that Asian financier Amos $)awe could be extradited u> Hongkong laces criminal charges. Jhe ruling was issued by >udge Richard Goldsmith Igilowing a hearing last week and will be sent to US Secretary of State Cyrus Vance,
    291 words
  • 88 12 Reuter MALAYSIA'S Malayan Railway will run a second daily express service starting tomorrow from Kuala Lumpur to Singapore and Penang. Passenger manager Mr Zalnal Abidin said there would be only one stop in Johore Baru on the southern route to Singapore and at Ipoh on the north-bound
    Reuter  -  88 words
  • 425 12  -  sy MARGARET THOMAS THE Government, in a move towards financial control systems long in use among commercial organisations, is to set up financial management units in each of its larger ministries. The establishment of these units, which will play a role similar to that of the
    425 words
  • 236 12 THE CHEAP air fares scheme between Asean countries and the United mngrfnm jfc H It implemented soon. The new advance purchase excursion (Apex) fares between Kuala Lumpur and London, for instance, will be reduced by about SO per cent from the published
    236 words
  • 359 12 THE Minister for Labour Ong Pang Boon presented a Central Provident Fund (Amendment) Bill in Parliament last Tuesday which called for changes in the Central Provident Fund Act (Chapter 121 of the Revised Edition). Among the changes sought is a clause to empower the Labour
    359 words
  • 328 12 FINANCE Minister Hon Sui Sen has tabled before Parliament a bill seeking to amend the Income Tax Act (Chapter 141 of the Revised Edition). The Income Tax (Amendment) Bill, presented for the first time last Tuesday, seeks to implement the Government's Budget proposals announced last
    328 words
  • 759 12 LONDON, Frt. Stock price* closed generally easier after a quiet Maicm with rising interest rates adding to the prevailing concern over the steel strike, dealers said. At 1 paa. the FT index was down one point at 4K.L Government bonds showed net (alls ranging to H point with
    759 words
  • 296 12 CANADA may be setting up a grain terminal in Singapore in the near future. The terminal will be a distribution centre for wheat and other grain originating from the state of Alberta. Mr ARSchmid (above), Alberta'« Minister of State far Economic Development
    296 words
  • 44 12 ANOTHER two banks yestepday announced increases in their prime lending rates. As from today, Bangkok Bank's PLR is 11 per cent, up 0.75 points. Effective from Monday, United Overseas Bank's PLR will be 10.5 per cent, up half a point.
    44 words
  • 498 12 CHINA will be Ada's largest oil producer with output that could possibly hit five to seven million barrels a day before the end of the century. But, one should not expect the country to be a new Middle East, said Dr Jan-Olaf WlHums,
    498 words
  • 257 12 CHINESE Foreign Minister Huang Hua is due to leave Beijing on March 11 (or visit* to the Philippines, Malaysia, Singapore Hongkong, diplomatic sources said in the Chinese capital said yesterday. He will also visit the three Scandinavian countries of Sweden, Norway and Denmark around midJune, the sources
    257 words
  • 84 12 MANUFACTURING companies using low-ten-sion electricity may apply to the Public Utilities Board (PUB) for the new tariff, under the new Low Tension Industrial Tariff scheme. Applications must be made on prescribed forms obtainable tram the PUB. However, consumers re- ceiving low tsnston supplies for use in connection
    84 words
  • 59 12 UPI photo pstteemea sf the Bcgvto pelk* carry a weaaded ealkagM to safety daring the eiehuge sf fire with leftist gaerillas at the Demfadeaa embassy rnsldfrr ia Bsgsta. A total sf IS ilnlsmits are belag heM hestage by the gaerillas whe are demanding' the release sf SN
    UPI photo  -  59 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 69 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair except tor passing showers in a few places after noon. •< Smart far 24 hnn prtor to 7JI pjn. m Feb *9 at &e airport Maximum temperature 31.0 Associated humidity 64 Minimum temperature 24.0 Associated humidity 96 Hours
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  • LEISURE TIMES
    • 1208 13  -  DESTIIATIOI By MARGARET THOMAS EATING a roll and butter with your fried rice is a strange thing to do. Drinking, out a cup and saucer, ni<nM> tea from a tea-bag which is still in the cup is an even stranger thing to do. Things acceptable, perhaps,
      1,208 words
    • 589 14  -  a» JOHN LIM MADISON Square Garden may be best remembered aa the place where many fights commanding worldwide attention have been held. But a tell event there last -September waa no ordinary battle between two individuals for a mere woria wiing cnampwomip tills and lots and
      589 words
    • 300 14  -  By LEE YOKE MENG DONT be taken aback one of these days if someone approaches you with an application to join the Quota Club, Most of an, don't mistake the Club as being one of those n—Mag gatherings of stock exchange or miserly minds, as
      300 words
    • Article, Illustration
      363 14 THE ttfa World Monopoly Championships will be held at the new Southampton II fiiimxm now in uennuoa tram March 30 to April 1 Singapore is represented by Mr Kwa Chong Seng, the winner of the 1* World Monopoly Plimpton In 1977, and Mr David Bok, last year's
      363 words
    • 159 14 THF Third World Exhibition of phstofphj The Path to Pmdte will bo presented at the National Museum Art Gallery from March to a between am aad 7pm. ithntosloa to free. The whWtlon, Jointly organised by the Museum and the Goethe Instltut, will feature 434 photos by
      159 words
    • 415 14  -  VIOLET CHOW TAKE three svelte girls high energy charged, superbly versatile and talented, throw in a little rock and roll, disco and jazz and what a revelation you will get ffips gyrating, voices harmonising with complete ease, the Sophisticates unleashed their first number, 'Love Is Everything*
      415 words
    • 1295 15 CITROEN CX PALLAS m* vj r lomnre wtthTlermes Its long nose commanda a great deal of respect and awe SOME of tbe advertising on the billboards a$ Advance Automobiles' showroom have billed tbe Otroen CX Pallas as "the First Lady of France", ffcere Is really no
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    • 225 15 Checkmate the computer cheats HAVE you ever played a game against a computer that cheats? SABA of West Germany's videoplay console is the world's first computerised television game machine. And only five such units are available on the market in Singapore. The SABA vkleoplay console unit measures 30cm wide, 30cm
      225 words
    • 320 16 GOLF: The Singapore Island Country Club (SICO has scheduled its monthly medals (strokeplay) for this afternoon. On the Island and the New courses at the Island location, the 'A' and *C* goiters will compete. The 'B' and 'D' medals will be held on the Sime and Bukit
      320 words
    • 1163 16  -  mmm sy RONALD KOW WITH each team in the Asia Ooup Three PreOlympkas Football Tournament having played two matches, host country Singapore Is occupying a very flattering position at the top o< the table. Of coarse, the fixtures had everything to do with the current standings and It.
      1,163 words
    • 137 16 OWING te the withdrawal cf Biratt (rem the Pre-Olyfk Seethe Mlewhn mMh have lien in iimgii ledia vi Sri Leak» play «a Match t the aai baa va Sri batt ea March i Uriah fir the Me tehee ladle vi Sri Leaha aai baa vt
      137 words
    • 750 16  -  By CHARMAINE CHAN RALLY enthusiasts, there is a chance for you to put on your driving gloves and pit your «mi* against a gruelling 3,000 kilometre trek. Entries are now open for the fifth TMT IMI Asean Rally 1960 which will be held from April
      750 words
  • Page 13 Advertisements
    • 46 13 '*<@_`+${*/%`{{[,`\^\`<']+!^._! Triple-album set cMlcattd to i nonnuclear future II The Quota Club memberahip la strictly for woman profeaalonala II Citroen CX Pallaa dubbed ttie Firat Lady of France 11l What chance a Singapore's victory tonight? IV Enginea raving get aet for the sth Aaean Motor Rally IV
      46 words
    • 5 13 I Oiiy', (t i t
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  • Page 13 Miscellaneous
    • 816 13 I WHAT WHERE J RECITALS J TTTT Mislslij irf Culture will continue its «OenseH• far the Young* aeries today at 3pm. The pet tor mere are Mimtlord Junior School Harmonica Band and Vocal Group, Chsong Shu Li, Lim Hwee Ling, Kuah Lay Ang Beng Winnie Tan Suet Mul, Aug Pin
      816 words

  • Page 14 Advertisements
    • 252 14 of Singapore The Straits Times Directory of Singapore (also known as Buku Merah) has been developed over a peribd of 82 years. It provides the most comprehensive information. on companies' profile including their management personnel, agencies and representations. The acknowledged value and increasing demand of this directory is proven by
      252 words

  • Page 15 Advertisements
    • 308 15 X 0 as** f v- 7, 40 T, -9k W$ 1Tf f v s I Contrasting themes GIVENCHY'S spring/summer collection of haute couture designs emerge with two contrasting themes for different hours of the day. Daytime, when the sun shines brightest, a graphic silhouette is featured, with straight, slim lines
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  • Page 16 Advertisements
    • 661 16 Tht Wolf Children Charles Maclean Charles Maclean's intriguing book unearths the historical evidence about the wolfchildren, Kamala and Amala, and their eccentric deliverer, the Reverend Singh. He examines the missionary's diaries, life in the orphanage, the way the sensational story spread and the problems of establishing the truth about what
      661 words