The Business Times, 26 April 1980

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 111/1/8# SATURDAY, APRIL U, 198« 50 CENTS
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  • BRIEFLY...
    • 76 1 Reuter HONGKONG, Fri. Hongkong's visible trade deficit widened sharply to a provisional HKJ2.I7 billion in March from a $1.21 billion deficit in February and compared with a $1.11 billion deficit in March 1979, Census and Statistics Department figures show. Total exports in March were |6.79 billion,
      Reuter  -  76 words
    • 69 1 Reuter KUALA LUMPUR, Fri. The peninsular Malaysia consumer price index (base 1967) rose 0.2 per cent to 175.8 in February from 175.4 in January, Statistics Department figures show. The index rose 6.4 per cent from 165.3 a year earlier, against a 3.2 ber cent rise in the previous
      Reuter  -  69 words
    • 83 1 AFP GAUAHATT (INDIA), Fri. A picketer was crushed to death at Goalpara in lower Assam early this morning, when he came under the wheels of a speeding truck he wanted to stop, reports reaching here said. The reports aid not name the victim, but said that five other
      AFP  -  83 words
    • 80 1 UPI HONGKONG, Fri. A US$l.25 million loan agreement was signed here for purchase of a Chinese-made pulp and paper mill by People's Pulp and Paper Mills Inc of the Philippines. Bank of America issued the eight-year loan, which is backed by a guarantee from the Pacific Ranking
      UPI  -  80 words
    • 73 1 KUALA LUMPUR, Fri. The government announced today major proposals to amend the Employment Ordinance aimed at providing enhanced benefits for workers. The proposed amendments will give workers more take home pay and better terms and conditkws of service, including triple hourly-rate overtime payment for working on a weekly
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    • 50 1 UPI BELGRADE, Fri. President Josip Bros Tito's doctors said the 87-year-old leader, though still comatose, showed no significant change in his condition and was still in an "exceptionally grave" state. "The general health condition of President Tito is without significant change from yesterday," file official bulletin said. UPI
      UPI  -  50 words
    • 73 1 AP New YORK, Fri. The stock market and the US dollar declined, while gold prices rose today as financial markets reacted to news of the abortive attempt to rescue the US hostages in Iran. On Wall Street, the Dow Jones average of 30 industrials dropped 5.63 to 791.47
      AP  -  73 words
  • 144 1 Rises Indices M °—i- 1 K L UMtriM Dutek Baby Set CMtHta 879 291 230 304 906 10 +0 B.T. Indicator: Apr 24 Apr 25 4212.59 4157.96 0 Industrials: 473.55 467.15 8 T P 1*7S Kiag* 4-9 Finance: 838.17 837.65 3744 4-4 Hotels. 417.98 416.85 Hm| Uoai
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  • Article, Illustration
    157 1 Rises Indices Malayan Tin 3000 100 Apr 24 Apr 25 Duntop Est 472 14 B.T. Index: 7394.03 7155.54 Syn Resins 292 12 Industrials: 551.37 564.48 Finance: 742.06 736.28 Falls Hotels: 331.02 330.83 W w Properties: 364.40 360.64 M. U. Ind 570 -35 Tins: 277.17 277.20 Sg. Besi 1390
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  • 1150 1 OVER $600 m OF NEW DEVELOPMENT DEVELOPERS will pour around $607 million into 18 buildings in Singapore over the next tour years. They will be built on 23 land parcels sold in its eighth and latest sale by the Urban Redevelopment Authority. Four of
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  • 359 1 INCHCAPE Bhd, the widely diversified regional group, will be inviting bumiputra institutions to subscribe for 30 per cent of its Malaysian interests soon. Inchcape's Malaysian activities are fairly spread across automotive agencies, finance, timber, manufacturing,agriculture, and properties. As part of Malaysia's New Economic Policy,
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  • Page 1 Advertisements
    • 38 1 Raki Corporation For tH types of o,! Culinary (Oriental If"fiiiiFmH »nrlEuropean) Tel: *****4/434*94 T(t«)>: us 24*74 A«RAKtcON nibbod, horfca, CaMc: "RAKICOItP" teed*.roots, spices and poises. PMnilliu Industrial Estate Malaysia Tel: ***** Manufacturer, CaM*: Joaofe Bahru miller and stockists.
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    • 185 1 Major Climb Achieving New Impetus Russian Turn Meant Vital Challenge for Systems Developers Bunker Ramo Centronics Compute rvision Logicon Memorex Mohawk Data Sanders Associates Storage Technology Among these frequently-covered developers of advanced electronic systems is one which has already gained 1,000 per cent for some Capital Gains Research readers; and
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    • 63 1 BB LEISURE TIMES ss r PSYCHOLOGICAL pitfalls that •wait Siagapare's laveatars 7 ARE Amerleaas Mag faith la their tax 5y5tem?...................... 7 WORLD'S first gald-baehed Earabead.... I AIRCRAFT 5, TV AND WHERETO WINE A DAY si ft—fasi>a aa gald aad exehaage 12 REORGANISATION at Cycle aad Carriage............................ 12 RESULTS sf twa
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    • 234 1 $*=,\+.*/.++{>">:>_-"%":^>~}+~_ A SMALL COMPANY PABX WITH BIG COMPANY FEATURES. If your organization isn't quit© ready tor a larger Ericsson PABX. or If you're a big organization with small branches that need telephone systems of tnelr own, ASB.IOO Is the system to look at. ASBIOO provides standards of performance, economy, flexibility
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  • TRADE AND INDUSTRY
    • 449 2 BERONABB AND COURSES April 21-26: Management of Protects, Shangri-La Hotel, AMR International April 28-29: Shipping Liability and Insurance, Shangri-La Hotel, Institute for International Research April 28: Computers and Business, Mandarin Hotel, Singapore Institute of Management April 29: Managing with Computers, Mandarin Hotel, Singapore Institute of Management April 28-30:
      449 words
    • 385 2  -  FOO CHOY PENG INTRACO, the governmentbacked International trading company, is gradually consolidating its thrust into the Iraqi market with an order to provide some light industrial products to Iraq. The deal, though not substantial in value terms, is significant in that it may mark the
      385 words
    • 248 2 THE French Embassy In Singapore is organising a trade minion to France next year (or local industrialist and businessmen. This was disclosed yesterday by Jean-Philippe Quercy, commercial counsellor of the French Embassy. In a separate statement, the director of commercial promotions of the French
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    • 151 2 A TECHNICAL seminar for shoe manufacturers will be held in conjunction with the International Leather Fair which opens on May 2 at the World Trade Centre. The seminar on May 3 will be held by a British company specialising in the supply of chemicals to
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    • 91 2 Mr Richard LC Demnfli has taken up the appointment of manager, Lloyds Bank International Limited, Singapore, succeeding Mr James C Hunt who is returning to LBl's Head Office in London as manager, public relations. A Frenchman, aged 42, Mr Demoulin comes to Singapore after five years as
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    • 316 2 ANOTHER ice-cream chain will begin operations in Singapore in about two months. This time, the name is Mr Whippy and Singapore has been chosen as the first country in Asia to start this frosty business rolling in the Orient. Ben ft Co, which plans to
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    • 270 2 TWO noodle companies in Singapore recently installed bulk flour silos and pneumatic conveying systems to transfer the flour from the storage silo to the noodle machines. Eng Heng Food Manufactory, producing wet noodles, installed two 25-tonne storage silos in a space at the rear of their factory. The
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    • 178 2 THE sporting Singaporean will soon be able to enjoy a new game half-court tennis—in addition to an already exhaustive list of sports from tennis to squash and badminton. Essentially, half-court tennis is similar to regular tennis, except that the size of the court is one-third that of
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    • 103 2 A SINGAPORE paint manufacturer has produced coatings for ship containers which meet the specifications of Kondstant Laboratories, the US body that sets the international standards for such paints. With the new coatings, Berger Paints Singapore has won a contract to supply OCL with the container paint it needs
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    • 163 2 CLAIROL, the hair-care products company, is planning to introduce several new hair dryers and curling irons through its local agents, Jardines Marketing Services. The first of these will be a competitively-priced hair dryer to be launched next month. Clairol's director of international sales, Mr Dick Adler, was
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  • Page 2 Advertisements
    • 124 2 'V *1 <CK :A m k tf&j' Available at All Shell Petrol Stations I I CONTENTS Road Safety and You Road Accidents: Taking Cover Insurance: Look at the Fine Print Staying in Shape for Driving Bikes: Functional and Fun PARF: How It Works Buying a Used Car: Beware of Bargains
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  • REGIONAL
    • 424 3 THE Malaysian Trade and Industry ministry's enforcement division has formulated a five-pronged strategy to tackle all forms of marketing malpractices in the country. The director, Haji Nik Mohamed Sailed Haji Nik Mat told The New Straits Times yesterday that his recent three-day meeting with state enforcement
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    • 563 3 THE BIG Ave oil companies BP, Caltex, Esso, Mobil and Shell have already applied to the Malaysian government for further increases in the retail prices of their products, the Deputy Prime Minister, Datuk Seri Dr Mahathir, disclosed on Thursday. Parrying a question
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    • 486 3 AP JAPANESE Prime Minister Masayoshk> Ohira will try to convince a reluctant Mexico to sell his country more oil to help Japan reduce its heavy dependence on Middle East supplies. "It is Japan's intention to diversify its sources of crude oil, which are now mostly from
      AP  -  486 words
    • 296 3 AFP CONSUMER prices in Tokyo rose 7.6 per cent in April from a year earlier, adding to signs that the Japanese government's anti-inflation programme is facing difficulties. The Statistics Bureau of the Japanese Prime Minister's Office reported yesterday that higher costs for clothes, liquor
      AFP  -  296 words
    • 155 3 UPI JAPAN plans to extend by 10 years a special import tariff treatment it is providing needy nations, government sources said yesterday. Application of the special treatment that empowers developing nations to export their goods without import tariffs or at a minimal level expires on
      UPI  -  155 words
    • Article, Illustration
      417 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Able Reefer (0700 subject freeboard) 23/24 Anchan (1600 after Ping Xiang Cheng hauls, UTM/ L AD/L) 33/34 Amstelstrand (after Sargodha) 3/4 Bunga Seta war (1500 subject freeboard) 19 Donga (1600 tide, overall length not to exceed 146 m) 29/30 Dong Yun (2300)
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    • 282 3 Reuter HIGH interest rates are placing a tremendous burden on developing countries, more than soaking up their income from international loans, a leading French banker said yesterday. Francois Giscard d'Estaing. chairman of the Banque Francaise du Commerce Eiteiieui, said countries such as
      Reuter  -  282 words
    • 402 3 AP CHINESE Vice Premier Geng Biao will go to Washington on May 26 for defence talks likely to dwell on possible US military support equipment sales to china, a US official said on Thursday. Mr Geng is returning the visit to China in
      AP  -  402 words
    • THE REGION IN BRIEF
      • 412 3 Agencies GUNMEN shot dead the leader of India's Nlrankari religious sect, Mr Baba Gurbachan Singh, on the doorstep of his Delhi home on Thursday night, police said. Mr Singh, 50, was regarded aa a prophet by his 10 million followers in the breakaway sect of 'the
        Agencies  -  412 words
  • Page 3 Advertisements
    • 43 3 FACTORY SPACE WANTED WE REQUIRE IMMEDIATELY FOR OCCUPATION A FACTORY SPACE OF APPROX. ,30.000 SO. FT. OR MORE FOR RENTAL. OR LEASE. LOCATION AROUND DELTA CIRCUS. INTERESTED PARTIES PLS WRITE IN TO THE ADVERTISER S.T. BOX N***** 1, NEW INDUSTRIAL ROAD SINGAPORE 1953
      43 words
    • 122 3 V im a 4 ■w P \K Of f J o\f nk 1 ft v -< f ~*V^ 29» 4Choose an escapade anywhere in UTA's colourful world. Follow the sun to Maldives, Sri Lanka or the South Pacific. Experience the glittering night life, the sidewalk cafes, the art and sculpture
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  • RAW MATERIALS
    • 282 4 EASIER conditions were experienced this week as levels (ell back some 18 cents, to a low of 306 cents per Idlo for current month One RSS, before the decline was arrested, says Halikj, Cattsr, Btlfc A C—pa ay in its review of the Malaysian and Singapore rubber markets
      282 words
    • 178 4 A HOUSE foreign affair» subcommittee in Washington authorised spending US$BB million to meet US obligations under the International Natural Rubber Agreement. Since the Senate has not yet ratified US participation in the rubber agreement itself, the vote to provide funding amounts to a reversal of normal Congressional procedures.
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    • 330 4 SINGAPORE: Yesterday's closing prices in S? per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop LO5, 100 per ceat second class 0.90, 100 per cent third class 0 M, 25 per ceat new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.13,' Special no
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    • 327 4 Reuter THE TWENTY-FIVE per cent increase in the price of diesel fuel announced by the Malaysian government on Thursday is likely to result in the closure of many «mj»n and marginal gravel pump tin mines, All-Malayan Chinese Mining Association president Hew See Tons said. The rise,
      Reuter  -  327 words
    • 38 4 Rubber: April 26 Singapore: May: 317.00 cents (np 6.00 cents) Malaysia: May: 324.00 cents (up 7.00 cents) Tin: Ms2^Bo (up $65) (equivalent to $39.35 per kilo) (np 107 cents) Official offering: 132 tonnes (up 17 tonnes)
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    • 371 4 THE SINGAPORE market closed higher yesterday with May One RSS buyers quoted at 317.00 cents per kilo, up six cents from Thursday's close, following news of the abortive US attempt to free the hostages in Teheran, dealers said. Morning prices prices were marked up slightly on speculative demand, forward
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    • 275 4 R.A A prices in cents per kilo yesterday: (perldto) StBw (per kite) Int. 1 m praqpt f o b. 308.00 Int. 1 HAS. May 212.00 Int. 1 HAS. June 218.00 Int. 2 R-S.S 298.50 UK/COM 2*7.50 Int. 3 R.S.S UK/Goat 294 50 Int. 4 R.S.S. »J0 UK/COM 288
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    • 99 4 NOON 881 i. and SMR prim J—friar *AS May (Camatl Bayara 8* D moo i) moo «*> tea glwrtHj moo moo Mtfc) SSR SO SSR50 (l-loo pattd (I-taa paiial Ban M7.00N mooN lata mooN mooN MKCLB SMRCV SMR L (ltoapaU* H um pallM May D 376.00 1)
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    • 121 4 A TIGHTER sapaty ef tta metal la Malaysia strengthened the Peaaag tia market Mm per pAeal to UJM, $235 abeve the lateraattsaal Ha Agreemeat eeittag, tla dealers said. Benttmeat was streagly hnstei by lawer miaiag prsdautlsa daring the pact few weeks, with miners heMtagrfr f «Mewing tke weakness
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, apot ex-go-down) Csrtsn yam: China Blue Phoenix 20a 2,240; 32s 2,735, 40s 2,980 (per bale of 400 lbs). Pises gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 144 4 VALUES in Kuala Lumpur yesterday ruled lower in line with the weakening of the US dollar, dealers said. Trading was active in the morning but turned quiet owing to withdrawal of buyers following news of the abortive US attempt to rescue 50 hostages held in Teheran, they said.
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    • 147 4 CHINESE Prsdaee Exchange, fflngapaee, assa terday: Csesaat all: Bulk 9» sellers, old (hum $99 sellers, new drum 1103 sellers. Cspra: Mixed (loose) UK/ Cont 152.00 buyers. ruspts Muntok ASTA white fob 100% NLW $307J0 sellers, Sarawak white fob 96% NLW $***** sellers. Sarawak special black fob 96% NLW
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    • 163 4 CHICAGO Board of Trade wheat futures cloned US SV« to 2Vi cents a bushel higher at the top of a seven cent range on Thursday. Light local short-covering rallied prices late, traders said. Traders took sideline positions all day ahead of the stocks of grain report. This kept dealings
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    • 195 4 CHICAGO Board of Trade soybean futures cloned up US 3Vfc to V* cent a bushel on Thursday, on the highs of a narrow four cent range. Soybean trade followed wheat and corn in thin activity as traders limited their positions ahead of the stocks of grain report. Slow country
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    • 951 4 COFFEE: Robusta futures ended a quiet opening call mostly £5 to £2 per tonne down from Thursday in sales of 176 lots. Dealers said there was no reaction to the US abortive attempt to free the Iran hostages and losses were in line with earlier expectations based on
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  • ASIAN STOCKS
    • 689 4 TOKYO Source: DBS-Daiwa THE MARKET rose yesterday, although trading was lighter than on Wednesday when the Nikkei Dow-Jones average hit a new high of Y6,843.85. The average advanced to a further new high of Y6,904.81 yesterday. The strong market trend seemed to be supported by the firm
      Source: DBS-Daiwa  -  689 words
    • 365 4 THE MARKET opened weak yesterday on the denial by Mr Li Ka Shing of Cheung Kong Holdings that Cheung Kong would acquire Hutchison, but steady buying returned especially in HK Land and HK and Kowloon Wharf, based on a rumour of an imminent announcement after the market closing of
      365 words
    • 223 4 MOST prices closed unchanged yesterday as turnover went down, dealers said. AI'R 25 Bahts A*ia Crrdil Asia t'lbr* Ayuthaya Inv And Trust Bangkok IntrMinrm Bangkok Bank 292 unch Bangkok Drying Aiwl Kilo Bangkok Insurance Bangkok Metropolitan Ban 382 4 Bangkok Nylon Bank Of Axia Bank Of Ayudhaya 1.1(1 2
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    • 125 4 THE market closed generally firmer yesterday, although turnover fell slightly to three million pesos from Thursday's 3.5 million, dealers said. APK 25 Peso* Aioje Mining 007 -0 0004 Allan Con. A Atla* Con B 35 00 ♦J UaKUio Gold 0006 0 0002 Benieuel Con B 67 50 Bl' (ioodhrh
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    • 2 4
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    • 77 4 THE TOKYO Stock Exchange said it and Japan's seven other stock exchanges will raise margin trading requirements for all shares to 60 per cent from SO per cent, effective from today. The seven stock exchanges are Nagoya, Osaka, Niigata, Kyoto, Fukuoka, Hiroshima and Sapporo. The measure follows a
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    • 64 4 Reuter CHEUNG Kong (Holdings) Ltd said stock exchange rumours that it is planning to take over Hutchison Whampoa Ltd by means of an additional share purchase is untrue. A company spokesman said the company will not take over Hutchison in the coming two years and also will not
      Reuter  -  64 words
  • Page 4 Advertisements
    • 142 4 as one wa I The Complete Plain Words Sir Ernmt Goners Since it fint appeared in the fifties The Complete Plain Words has exercised a large and salatury influence on official and much other English. It is, in its own field, a classic. This thoroughly revised edition is still principally
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  • OVERSEAS
    • 350 5 UPI SWEDISH public sector workers initiated a series of selective strikes yesterday in what threatens to become Sweden's worst industrial crisis since 1908. Some 14,000 of the country's 1J million public employees went oa strike at midnight on Thursday as negotiations with employers ground to
      UPI  -  350 words
    • WORLD IN BRIEF
      • 328 5 Agencies SHELL UK, a subsidiary of Royal Dutch Shell, made a gross profit of Z476 million in 1979 compared with a km of £S milltoa fa 1978. The firm has paid a £100 million dividend to its parent company, the first since 1915. The marked
        Agencies  -  328 words
    • 790 5 ARRIVALS Serrice Local Operator Number Tine From PAA PA0Q5 0025 JFK/SFO/HKG JFK/ORD/ANC/T FT FT71 0710 SIA/BA SQ/BA17 0715 LHR/BAH MAS MH621 0835 PEN MAS MH607 0830 KUL SIA SQ101 0815 KUL MAS MHS71 0830 PEN/KUL SIA SQ2U 1000 HLP CAL CB14 1000 HLP RBA BI427 0830 BWN
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    • 29 5 AP A yaaag etopfcaat tram Ceytaa stratariag to laak at a magaaifi which a toartet at the Saa Dtoga Zaa la America la reaiitag. AP.
      AP  -  29 words
    • 397 5 UPI Reuter SOVIET Foreign Minister Andrei Gromyko has it clear there Is no question of the Soviet Union withdrawing its farces from Afghanistan. French officials, no attempt to mask their disappointment at Moscow's firm line, said two days of intensive talks with Gromyko failed
      UPI; Reuter  -  397 words
    • 318 5 FUTURE trade between the US and China could result in a US» billion business for the US state of Ohio. The state's governor, James Rhodes, also announced plans for a November trip to China at a farewell press conference for a 15-member economic
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    • 325 5 AFP THE black limousine with its curtains drawn, followed closely by another carrying six hefty bodyguards, sped through the streets of Cairo. The passenger was Mohammed Reza Pahlavi, ousted Shah of Iran, on a drive through the city where he has lived for the past
      AFP  -  325 words
    • 570 5 UPI IRAN has resumed negotiations with British Petroleum on its proposal to increase oil prices, raising the possibility it would soon shelve an embargo on its oil shipment to Japan. Trade sources in Tokyo said yesterday the National Iranian Oil Company has agreed to
      UPI  -  570 words
    • 144 5 Reuter JAPAN'S private sector capital outlay on plant and equipment in fiscal 1980 started this month is expected to rise 1&8 per cent to 9.89 trillion yen, the Trade and Industry Ministry said. The ministry, in an annual survey report released yesterday, said this compares with
      Reuter  -  144 words
  • Page 5 Advertisements
    • 204 5 HARD TIMES? Despite a creditable growth rate of 9 3 per cer last year and a generally "cheerful' Budget. Trade and Industry Minister Goh Chok Tone; warned of "difficult" years ahead The ed'ton. of the March issue of Singapore Business discusses some of the possible problems. IV asio look at
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  • 376 6 THE URBAN Redevelopment Authority in its latest consideration of tenders has rightly imposed rigorous conditions on the design merits of the proposals put forward by developers. That in concert with a panel of experts the URA has actually accepted four tenders that were not also
    376 words
  • 269 6 THE JOYS of being an American may have paled slightly over recent years, what with the continuing and seemingly insurmountable problems the country faces. But there is still a great deal for which those who enjoy the might .and protection of Uncle Sam can be
    269 words
  • 1040 6  -  THE SYRIAN CONNECTION The demand lor imported goods and materials by oil-rich West Asian countries has been a bonanza for transport operators during the past decade. But the traditional road route between Europe and the Gulf is gradualluy being supplanted. As ROBERT COCKBURN reports, ferryboats
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  • 1150 6 NYT ITS CONFIDENCE boosted by the world's sodden interest in its vast, newly discovered oil reserves, Mexico has adopted a more activist foreign policy that is bringing it into conflict with the United States on a growing number of issues. So far, the
    NYT  -  1,150 words
  • Page 6 Advertisements
    • 140 6 THE SECOND RING OF POWER Carlos Castaneda's journey into the world of sorcery has captivated millions. In this new book, he introduces dona Soledad, whose mission is to test Castaneda by a series of terrifying tricks. Thus, Castaneda is initiated into experiences so intense, so profoundly disturbing, as to be
      140 words
  • Page 6 Miscellaneous
    • 1281 6 TV&RADIO i z X z I 5 X t i IBS SINGAPORE 5 12.55 PM Opwinc Mowed by Sesame Street 2.00 Saturday Matinee Carson City. 1870: Opposition to building a railroad results in murder and pits brother against brother. Starring: Randolph Scott Raymond Massey, Lucille Norman 3.25 ABC Hide World
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  • 762 7  -  All that Macao, a tiny Portuguese enclave, was known for was its gaudy gambling casinos and canidrome, the dbg racing track. Economic development remained a rarity that the people of Macao read about in Hongkong's newspapers. But that is changing, reports V G
    Depthnews Asia  -  762 words
  • 865 7  -  There is mounting evidence that Americans are losing taith in their tax system. A public opinion study, commissioned by the Internal Revenue, Service and based on interviews with almost 5,000 households across the country, found that 27 to 32 per cent
    NYT  -  865 words
  • 885 7  -  IFOBUM with MARGARET THOMAS BUDDING inventors and innovators, beware. A terrible psychological pitfall lies in your path in Singapore. Enthused by all the talk today about RAD, you dig deep into that drawer where you have secreted your wonderful ideas all
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  • Page 7 Advertisements
    • 99 7 Till VSVK t» t.H \\VOI \VI ssS^^jr^ssctThe Bo* Pe ntr c uocerta^^ 0 1 »> ob#l C °pgoPl-£- outflow to B° A L on aoe 9 pW) pt«.'P ro ra m»o* th,bM „W.>»V»»'V n d mu rc r ooP u^Bt4 OS »n lod° nesia «nso^ oC Anafltb* indone** 8 B
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  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 186 8 APR 24 »1s abn 286.30 -1J Ahold OTIO 0.4 AfcJBO 23.80 -08 AMEV NX -IJ Am fa* iia.oo 1 Atnro Bank 43 SO unch B*rfo*» 42.00 -1 Rtrk H SO •I. Bob ao.so -IJ Borsumij moo 1J Burhmann 8200 -06 Byenkorf 90.90 -0.1 Calve Delft 156.80 -4.5 Dell MM
        186 words
      • 277 8 AI'K 24 Frs CORBEILLE Air-Liquids 512 -a USD Gervals IXmone 906 unch C S K (ThomsonCall 445 >12 Cle Fruncaiie des Petroles ***** -a l'ompt(nw financier* lompugnie Oenerale 356 -15 Credit Foncier De Franc* 453 3.9 Hacheti* I LI bra me) 24X50 -5-5 Machines Bull 57.50 •U Mlchelin (B>
        277 words
      • 95 8 APR 24 rn FORWARD MARKET Acec 254 l Arbed 2110 >20 A.ntur 500 •10 Brascan 634 -6 Bru-Lamb 1330 •16 Canpac 968 •16 Cock 280 4 Up Beers 206 unch L'bes 2155 -35 Electrobel 5710 unch Gb-Inno-Bm 2445 5 Oev 1000 >34 Hobok 2500 -40 Pfiro 5120 •no Ryl
        95 words
      • 194 8 APR 24 Dm Aef-Telefunken AJE20 Allx Leben 76.20B 22.00 ***** 375 50 1 16 +14 BASF ***** 0J Buy H T Wbank Bav Vbank 225 SOB 774 QM unch Bayer 121 SOB BBC" 303.70 BMW 168 00 Cii*wua moo Chem Ver* MOJO CommerzDenk ***** Conu Oummi 48 MB Daimler-Benz
        194 words
      • 184 8 APR Francs Anions Suisaes Alusulsae Br Aluiulur Rr| Brown Bovnt Br. Clba Ofi« Br. Clba Oflp P C C'ibtt Gelfy Rm Credit SUM* Br Credit Sum Rrf Elektrowau Br. Grorfe flitlwr Br Globus Pc m UU 47» 1715 1015 no 90S son 3*1 2270 no 385 •1 -25 unch
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      • 97 8 APR 24 UR Ante Assoc Gen «J0 ***** 0.5 JSC Bosloj] MB -s Central* nu Kinnder On Immob WTO 1920 It 58 50 to unch unch -125 in Pn lulcemenu Ilalcas lulsider 2410 ***** MS -220 Magneli M PI Marviii Ere Mrdiob Mirulanza MB 347 4M00 ***** unch 450
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    • 1263 8 NEW YORK THE NEW YORK stock market on Thursday extended its rally into a third sssrton in active trading, led by car. precious metal, drug and gaming shares. The Dour Jonas industrial average rase eight points and advances led declines two to one as turnover
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    • 182 8 APR 24 Ct AblUM Alcan Alfoma Bank Mont Bunk Nova Scotia Bell Tel Beth Corp BP Cm Lid Frascan Camp Red Lake Can Imp Bk Can par Canpac Inv Pf tar ling OXeele Comtnco Con* Bath Cons Marbenor Dank of Drnlaon Dom Stores Dom Tar Dom* Mines PalronbrMtte Kalronbrtdgr
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  • Page 8 Advertisements
    • 600 8 8m Page 4 lor Asian stocks and Pago for Jo'burg prices Where to wine, dine and entertain NVfc: Vfc. f V- s k -> <V 0 S V\\« law ,y Dill*' fit IA yj Dragon Palace I l<iv c .1 r i >v <tl Ir.tst i > I C illllDlK'Sf
      600 words
    • 65 8 V/ A Tj I ryioDi/LL Robin's Tavern. The place to go, after work. To relax, and to et\)oy your favourite drink. In a cosy, soothing «y atmosphere with cool, JLj cool music provided by a live group. Visit us at w/jptggCTMl Robin's Tavern /flKiflHUkh. we know you*ll like it. Happy
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  • BANKING AND FINANCE
    • 346 9 A LARGE US-based dealer in precious metals plans to raise around US$5O million by issuing the first-ever gold-backed Eurobond, denominated in and paying interest in gold. Drexel Burnham Lambert's first vice president, Christopher Andersen, declined to name the issuing company, which he said was US-based with
      346 words
    • 38 9 AFP FUJI luk IM, > M|w nSTTbi m<M asi All CMfmiM IBMMrt with China UmihMi ft—i ud bratMt Carp (Cttte). Hi MMpe «< MipwllM earn jaiat vnlm, the MnMln af hwlp mpi W aai teehnaligy Mi M eperaWan AFP.
      AFP  -  38 words
    • 378 9 IT NOW appears to be the finance companies' turn to Join the league of sophisticated computer users. Hot on the heels of Hong Leong Finance's recent purchase of an automated system for its hanking services is International Trust and Finance (ITF) which concluded yesterday a contract
      378 words
    • MONEY AND EXCHANGES
      • 475 9 THE U.S. dollar was rather steady in morning trading yesterday but plunged against major currencies in the afternoon when news of the US plane collisions in Iran was released. From an opening of 245.30/50 against the yen, the US dollar firmed to 246.30/50 at Tokyo's close. The dollar
        475 words
      • 57 9 RESULTS of tender held on April 25 for 91-day Treasury bills to be issued from April 28 to April 90, and on May 2. Offered: (40,000,000 Applied for: $171,000,000 Allotted: $40,000,000 Accepted bids: $96.18 and approximately 47 per cent; higher bids in full. Average rate ti dfaeeut
        57 words
      • 307 9 A I'M U Hand INDUSTRIALS A Alpha 297 2 Abrrront 275 20 AK And CI 685 unch AMU' 2225 unch Harlow* 895 >5 i'u Suicar 1000 10 CNA tfOS unch i'urrir Kiiunrf 1«0 5 Iir Uwr> Ind 2450B Krtruii 490 -5 Kdgarft Kvfrr;i(1y M Vol* 3tf 10 KUKII
        307 words
      • 22 9 THE average rate at which major Singepore banks are currently prepared to lend to their beet customers is 12.2 per cent.
        22 words
      • 128 9 ASIAN ASIAN currency deposit Interbank rates as at close on April 25: 7 days 1 month 2 month* 3 months 6 months 9 months 12 months USMUr*»p4) 16M 1«M 16V. 16H 16V. 16H 1611/*****/16 1513/*****1/16 151/16 1415/16 15 14H SwJrs. Dm. r.l ii I a\ 1 month 3 months 8
        128 words
      • 44 9 RANGE at price* offered by discount houses on April 25: Overnight: 1-7H* Call deposits: 7H% Cloitu BayiM 8«Uia« 3-month Treasury bills 7H Ta 3 month Bank bills 117/16 115/16 3 months CD UH 11'/« 6 months CD 117/1« 115/16 Source: National Discount Co
        44 words
      • 106 9 THE U.S. dollar for overnight delivery closed firmer at 245.90 yen yesterday, compared with a 245.50 opening and 244.85 yen at Thursday's close, dealers said. Trading was moderate, with volume of US$66B million. After intlal dollar firmness, the dollar steadied in light late trading, moving between 246.60 and 245.60
        106 words
      • 386 9 GOLD futures in Singapore yesterday closed sharply higher in nervous but thin late trading in reaction to news of the abortive US attempt to free the Teheran embassy hostages, dealers said. Opening quotations were marked up around USgll an ounce following the metal's firmness in New York overnight and
        386 words
      • 246 9 SUPPORT of the US dollar by central banks broke the US currency's decline in thin, nervous trading following the abortive US attempt to free the hostages in Teheran, dealers said. The Bundesbank was detected buying dollars in early trading, holding the currency above 1.8150 marks as trading got underway
        246 words
      • 156 9 THE U.S. dollar yesterday slumped against major currencies in late business here on news of an abortive US attempt to rescue the Teheran hostages, dealers said. Dealers said the dollar tumbled on heavy selling out of Europe, trading here for most of the day after having been quiet in
        156 words
    • 1016 9 Reuter MAJOR industrial nations appeared to be still a long way off reaching final agreement on the longdebated substitution account, a plan by which they hope to bring calm to their currency exchange markets. There had been hopes that some form of agiWment, if
      Reuter  -  1,016 words
    • 53 9 Reuter A GROUP sf AMrlnl IvgHt baato, nto tto pdlmi sf Federal Reserve letri (Mraai Pml Veletor, toe agreed to lead ap to UB|M miltotoltotalMton. flwitw aaM the agreeami in M ittoipt U g ieetHtoij, the Hate tove ton ton credit aad Me te m BMte
      Reuter  -  53 words
    • 392 9 BANK AMERICA Corporation has reported consolidated income before securities transactions of US$l35 million for the first quarter of 1980, up 4.1 per cent from $129 million a year earlier. Net income for the 1980 quarter was $134 million, an increase of AO per cent from
      392 words
  • Page 9 Advertisements

  • 1639 10 BID and offer prices officially listed and business in and reported to the Stock Exchange -T* Singapore yesterday with the number of shares traded shown in brackets in lots at 4.000 units, unless otherwise SECTION ONE INDUSTRIAL 1 COMMERCIAL "%Ac*a (2.900) (2)
    1,639 words
  • 149 10 SING ATOM UNIT TWJ R INCOME BON D UNIT The Commerce %5T B> LSI (CM Income Bond reatpr leas) LIS LS The Saving* Fund L# LSI S pore Prog Fund 1.08 L14 S pore Sec. Fund LIT LB MlXi ■IMIPtTllA S pore Invest Fund 1.43 1.52 (HiMftfl' prteaa
    149 words
  • 2670 10 1980 Hi«k Law Coapuj Last Sale +orGr*s Div Div Crr Gr*s TTd Net P/E Vol Day (*000) Hlgk Low SECTION ONE INDUSTRIAL ft COMMERCIAL 370 223 140 183 334 80 290 482 230 340 245 220 118 140 270 80 275 328 in 286 Acma Alcorn Allied
    2,670 words
  • 1963 10 BID and offer prices officially listed and btirines» la and reported to the Kuala i-umpir Stock Exchange yesterday with the number at shares traded shown in brackets in lots at 1,000 units, »nUaa otherwise specified. MXJBTOAI3 Aemm (SMS) (1) 3 0S (3) 118 AIM (2306) (8) 118
    1,963 words
  • 608 10 SHAKE prieee toll al Ike Stack Bwtmi ef Slagapm jmtcdfty m aervni Beacttog to Ike lateat palltteal m«i kiilikt the (Jatted States aad Iras, ttatoi kanM to Ifaliito their hilitogs to tke aftdrTpwla treaa tke US Ah clued tkat Iwe af tke
    608 words
  • 589 10 MODERATE selling pressure after a steady opening forced prices broadly lower at the Kuala Lumpur stock market yesterday. In extension of the firm overnight close, the market pushed ahead on sustained buying interest in the first session. But the high prices drew out profit-takers and
    589 words

  • COMPANY NEWS
    • 516 11  -  By P GUNASEGARAM FEDERAL Cables, Wires and Metal Manufacturing is confident of matching last year's record performance in the current year, in spite of rising costs which could limit its profits. Chairman Tan Sri Ungku Nazaruddin bin Ungku Mohammed in Ms latest review says the
      516 words
    • 318 11 BEDFORD Plantations' output of rubber this year is expected to tall short of the "exceptional" level reached last year, chairman W M H Caldwell says in his latest annual review. In the last financial year, Bedford had obtained a 13.5 per cent increase in its
      318 words
    • 279 11 FT GUTHRIE Corporation has, as planned, wasted little time in liquidating City and International Trust's investment portfolio. The bid for the trust closed last Friday and was accepted by holders of 90 J per cent of the ordinary voting capital, in which 8.3 per cent elected
      FT  -  279 words
    • 675 11 SSKH3B». HOCK LOCK SIEW THE merchant hwniHwg community in Kuala Lumpur, despite its reputation for competitiveness, has at times demonstrated a proclivity for cooperation. An example last week was the Cycle and Carriage offer of 7.35 million shares of Cycle and Carriage Bin tang to Malaysians,
      HOCK LOCK SIEW  -  675 words
    • 656 11 Carroat Payaaoat Ex Data Booka Clooo Data Total for Total for Payable tko yoar Prorlou; DBS A Bat Talaai MIim Kali Hyd Aokta Tla MaJTta BATS BodfordPlaat Si Stota CBuari COL UOL UOP G E Life Attaoaoto City Dev Gathrio I C B Skaafri-La Carbborg Iatraco M A
      656 words
    • 266 11 Company Particular* Ex Date Books Close Sitae Darby Bonus Issue of 1 for 3 Apr 16 Apr 26 High 6 Low Bonus Issue of 1 for 1 Apr IS Apr 25 AjboaoU) Bonus Issue of 1 for S Apr 22 May 3 Sea View Rights Issue of 110%
      266 words
    • 275 11 SHAH Alam-based Norsechem (M) is actively seeking to diversify its activities and expand current operations. Disclosing this to shareholders in the company's latest annual report, chairman Odd Gleditsch Jr said the market prospects for glue may be more difficult than in the year
      275 words
    • 814 11 SHEPHERDING a visitor through the factory floor recently, Mr K L Cbeah, assistant personnel manager of Motorola Malaysia Sdn Bhd, said he hadn't figured on the dizzy growth of the electronics industry when he decided to join the industry as a newly minted
      814 words
  • Page 11 Advertisements
    • 720 11 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETIN6 NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held on the 19th Floor OCBC Centre, Chulia Street, Singapore", on Saturday, the 24th May, 1960, after the conclusion of the Forty-Third Annual General Meeting of the
      720 words

  • 492 12 •A SUDDEN state of confusion gripped the foreign exchange and gold markets >esterday as the US dollar plunged sharply against the other major currencies and the gold price soared past the US$95O level for the first time in almost two months. "The prime motivating force behind
    492 words
  • 163 12 SOME 200 industrialists from Singapore and Malaysia are expected to attend a two-day investment promotion seminar organised jointly by the Singapore Chinese' Chamber of Commerce and Industry (SCCCI)and its Malaysian counterpart. To be held on May 7 and 8 at the Hilton Hotel, the seminar aims
    163 words
  • 592 12 Agencies PRESIDENT Carter, declaring himself fully responsible for the abortive attempt to rescue American hostages in Iran, said yesterday the United States "holds the government of Iran responsible" for the safety of the cap. tives. In a brief, televised report to the nation, Mr Carter
    Agencies  -  592 words
  • 59 12 In Paris, gmpi of Soviet dissidents gathering entslde Elysee Presidential Palace to pntut political repression in Rnsaia as Soviet Foreign Minister Andrei Gromyko and fceneh President Valery Giseard IKEstning confer inalde. They are demanding the liberation of Vladimir Bsrissov, Jailed founder of the Soviet Free Trade Unions. His
    Source: UPI photo  -  59 words
  • 291 12 CYCLE A Carriage has reorganised two of its major wholly-owned subsidiaries, placing all its Mercedes operations under a single company. Sales of Mercedes passenger cars, distribution and retailing of Mercedes and Mitsubishi spare parts, and servicing of Mercedes vehicles, formerly done by Cycle A Carriage
    291 words
  • 798 12 LONDON, Fri. Gold shares rose while other issues eased in extremely nervous conditions. At 3 pm the Financial Times index was down 8.7 to OU. Trading was overshadowed by news of the abortive attempt to rescue the American hostages in Iran. Equity prices were marked lower at the
    798 words
  • 131 12 THAI Prime Minister General Prem Tinsulanonda arrived in Jakarta yesterday for a two-day visit as part of a tour of Asean. Sources said General Prem's tour of Asean was aimed at introducing himself as the new leader in Bangkok and to obtain greater understanding for his
    131 words
  • 235 12 THE two listed companies in The Times Organisatior saw comfortahle growth ir earnings for their first-hall year ended Feb 29,1960. Times Publishing Bhc chalked up a 21 per cent increase in group pre-tai profits from $12.7 million previously to 115.4 million. This
    235 words
  • 56 12 MR SALIM Ahmed Salim, the president of the 34th Session of the United Nations General Assembly, will be in Singapore on an official visit from today. Mr Salim, who is also the permanent representative of the United Republic of Tanzania at the United Nations, will have discussions
    56 words
  • 365 12 THE Malaysian government has called on public accountants to develop a method which it can use to evaluate the socio-econom-ic achievements of public enterprises. The Malaysian Minister of Public Enterprises, Datuk Abdul Manan Othman, made this call yesterday at a dinner given by the Malaysian Association of
    365 words
  • 426 12 NYT A GROUP of major American banks, concerned that the financial position of the Hunt brothers of Dallas remains precarious, is actively negotiating a large loan with the Hunts to offset the hundreds of millions of dollars the brothers lost in silver trading
    NYT  -  426 words
  • Page 12 Advertisements
    • 230 12 -v o\vJ^ n me SMeel MS? SETH V/ t .--<■ IP 0 f//f jb Is America in danger of going Do airline* t discriminate In fewer of baggage? Abominable Snowman having a secret affair with Ndeeie, the Loch Ness Monster? &&S&Jf Wfit v is A** ->'* V ;r, *jL 2VThousands
      230 words
  • Page 12 Miscellaneous
    • 61 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several areas in the early morning. Reiirt far 24 haws prior to Ml p.m. m Apr Maximum temperature 31.9 Associated humidity 68 Minimum temperature 24.3 Associated humidity 96 Hours of sunshine 7.15 Rainfall in millimetres Nil Total rainfall
      61 words

  • LEISURE TIMES
    • 973 13  -  By MARGARET THOMAS CLEAN, cold and civilised Canada at first glance. Well, perhaps not the very first glance. Looking out of the Canadian Pacific Jet window as it settled into its landing path at Vancouver International Airport, my first view of Canada
      973 words
    • 781 14  -  RECORD By JOHN LIM "EXPECT NO QUARTER!" cautions the record sleeve of the album, DEGUELLO. But for the listener with rock in his veins, this must surely be a sweet promise which is kept throughout the entire half-hour recording by the trio, ZZ Top. DEGUELLO
      781 words
    • 416 14  -  Melodie de Paris By AGNES WEE IT WAS a fine balance between precison and rhythmic flow. The 11 top international mannequins marched in crisp, smart and confident to the pronounced rhythmic beat of the music. This was the long-awaited "Melodie de Paris" gala fashion show on Thursday evening which
      416 words
    • 522 15 THE LAWN Tennis Association of Australia (LTAA) will spend at least AH,000,000 over the next five years on coaching junior players. The programme is the LTAA's response to the "Whatever happened to Australian tennis?". It aims to recapture Australia's previous position
      522 words
    • 142 15 "POP" UM Yeag Ltoaf, the Qraai OM Maa ef «agapere serve ea the attoa «f Stegapere Ceaaell ter uettertwiyetrt. A Mlstoliji af Seel») Alibis* whe wm be M la Deeeator, has hew sppilatii to the PAS Ceaaell ss heaerary •Mw ler Ike peril I May 1, IMC,
      142 words
    • 1270 15  -  By RONALD KOW SO THE Malaysia Cup soccer match between last year's finalists, Singapore and Selangor, originally scheduled to be played at Stadium Merdeka tonight, has been postponed to May 28, a Wednesday. For those with a good memory for dates, May
      1,270 words
    • 672 16 A MERCEDES-BENZ is bought more for the status symbol it represents than for its actual performance capability and physical attributes. This statement would draw many an agreeing "aye" from readers, I'm sure. Further, there must be scores of proud Mercedes-Benz owners who have made their
      672 words
    • 1288 16  -  By JOHN LIM EVER since the test on the Alfa Sud Sprint 1.5 some months back, I have always (elt a tinge of envy whenever I see it on the road. Now, after a weekend with the Sprint Veioce 1.5, not only do I turn green, but red
      1,288 words
    • 221 16 METHELM Fftndtare haa eeme Mt with a ■ew aeries ef efflee faraitore, haaieaily desigaed fer open-pUn efflee layeat. The new series, comprising storage cabiaets sad mehile screens, Is designed to eemplement the existing Swiss Line mm mednlnr desk Mi tenferenee fnrnltnre. The Swiss Line
      221 words
    • 449 16 GOLF: One hundred and eighty golfers will compete in the Semhawang Open which starts this morning with the 'C' division. The first group among the 76 golfers will tee-off at 7.90 am. Tomorrow morning, the 'A' division golfers tee-off at 7.30 from the first tee while die
      449 words
  • Page 13 Advertisements
    • 77 13 FOR PROMPT DELIVERIES CF Gamlen Chemicals New Tel: *****29 GAMLEN( AUSTRALASIA) PTV LTD Nt-w Address 15 16 Block 6 SS Ayt'f Raiah Hoad Ayef Raiah Industrial Estate Singapore 0513 acMDa Malodia da Paris it jut! simply sxtrsordinsirs.......... II You can axpact good old rocking music from ZZ Top II Malayaia
      77 words
    • 185 13 RICOH Plain paper copiers Preferred by offices worldwide CALL *****5. VVf Wywy Private Limited MHp Wywy House,l7 Leng Km Road, WF Singapore 0315. An expansive but skilfully assembled story, set mainly in New England, Long Island and the Philippines, that focuses on the destinies of a talented medical family between
      185 words
  • Page 13 Miscellaneous
    • 828 13 WHAT WHERE RECITALS TOMORROW at spm, the Gob Soon Tioe String Orchestra with solo flutist Robert Goodberg, will play works by Axel Herjo, Handel, B Rogers, Telemann and F Bye at the Singapore Conference Hall. American flutist Robert Goodberg is a graduate from the Eastman School of Music and Colombia
      828 words

  • Page 14 Advertisements
    • 415 14 jazz night i I JDClill JTI DP ARE YOU longing for somothing difforont from tho frenetic disco scono? Soms rsai music played to technical porfsction? Tho Dutch Dixieland Pipors will satisfy list longing. Playing for ono night only Ji Night, thoy call it at tho Marco Polo Ballroom, tho group
      415 words

  • Page 15 Advertisements
    • 110 15 o V i i IJ 2 t s '"»>«%// i--, 1 n ,i t 111 The Times Heritage, Collection The magic and mystery of India are captured in this enchanting collection of stories. Well illustrated and simply told, this series of 4 bilingual Indian folktales have been compiled and published
      110 words

  • Page 16 Advertisements
    • 264 16 1980 EDITION The Straits Times iWwjTi of Singapore The Straits Times Directory of Singapore (also known as Buku Merah) has been developed over a period 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
      264 words