The Business Times, 10 May 1980

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. llt/l/M SATURDAY, MAY 11, MM 50 CENTS
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  • BRIEFLY...
    • 92 1 UPI LONDON, Fri. British Airways lost permission to route its supersonic Concorde flights over Saudia Arabia just 18 days after a controversial film about the death of a Saudi princess was shown on British television, officials confirmed today. British Airways, however, denied any connection between the
      UPI  -  92 words
    • 51 1 KUALA LUMPUR, Fri. A transport fare hike in view of the latest fuel price increase "may be unavoidable", Transport Minister Datuk Lee San Choon said today. But the quantum of increase could only be determined after the ministry had studied whether the transport operators' claim were justified, he
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    • 86 1 STOCKHOLM, Fri. Sweden's transport union yesterday halted deliveries erf most petrol and oil, further paralysing a nation already crippled by its biggest labour strike. "We will close Sweden," said transport union leader Erik Pettersson. The strike-lockout of almost 900,000 private sector workers was one week old yesterday, while
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    • 60 1 THE West German Embassy has given a guarantee to the Singapore Government to accept 474 Vietnamese refugees, "a West German Embassy -qpnkpgman said. The refugees picked up in the South China Sea during the past two weeks, will be allowed to come ashore when arrangement to transport
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    • 64 1 Reuter PHILADELPHIA, Fri. President Carter said today that detente with the Soviet Union remained his goal but there could be no business as usual until the Kremlin had ended its "contemptuous act of aggression" in Afghanistan. Mr Carter renewed his strong criticism of the Soviet intervention in Afghanistan
      Reuter  -  64 words
    • 77 1 UPI TOKYO, Fri. Japan and South Korea signalled that they intend to proceed their joint petroleum exploration of continental shelf waters despite an objection from China. Nippon Oil Development President Takeo Taldguchi told a Tokyo news conference his firm is drilling under the authorisation of the Japanese government
      UPI  -  77 words
    • 47 1 AP NEW YORK, Fri. The stock market beaded lower this morning amid increasing recession worries. The Dow Jones average of 30 industrials fell 4.18 to 811.01 in the first half hour. Losers outnumbered gainers by about a 5-to-4 margin among New York Stock Exchange-listed issues.
      AP  -  47 words
  • 136 1 Rises Indices Skucrl-L* Stka M«k]ru Straits Tradimg O C B C 1000 1960 1X0 896 75 +30 +30 25 B.T.Indicatar: Industrials: Apr 8 May 9 4396.17 4406.81 489.75 491.06 Macau Corpa B«rjunt*i 815 870 25 +20 Finance: Hotels: 852.32 858.01 423.31 430.73 fffTi 133 20 Properties: 352.57
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  • Article, Illustration
    159 1 Rises Indices Killinghall S Mai Tin L Perak Tronoto 1250 2040 500 1280 550 +230 +140 +60 +50 B.T.Index: May 8 May 9 7659.13 7652.59 Industrials: Finance: 566.30 567.21 767.96 777.45 Ampar +30 Hotels: 364.02 364.02 Toogkab 1*1 i Pen Kramat Kuchai 390 540 560 440 +28 +25
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  • 541 1  -  ACQUIRED BY PAN-ELECTRIC By GOH ENG KEE, Shipping Correspondent PAN-ELECTRIC Industries will acquire Asiatic Navigation International's entire fleet of 27 vessels for $16.84 million. This acquisition has been expected although both companies had consistently denied this in the past. Pan-El said in its announcement
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  • 279 1 THE Privy Council, dismissing Malayan Plant's appeal against a windingup order upheld last year by a Singapore Appeals Court, has ordered that costs to be borne by the company should only be paid after unsecured creditors' claims have been met. This is believed to be the
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  • 391 1  -  By CATHERINE ONG THE rapid pace of construction activities will ensure a strong demand for iron and steel products in the next two years. But future growth in demand is likely to be checked by the shortage of manpower and other building materials. IMs outlook was
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  • 256 1  -  By TOH SU FEN THE 18-storey Genting Hotel, which was partially opened for business in 1978, is expected to be fully operational by the end of September. This was disclosed by a spokesman from Genting Berhad. The $80 million hotel has 747 rooms, the largest single
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  • 150 1 THE Malaysian Deputy Prime Minister has expressed disappointment with the slow response of the private sector to the government's efforts to promote heavy industries. Datuk Sen Dr Mahathir Mohamad says there is an urgent need to hasten growth of heavy industries in the private sector. To
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  • 227 1 IT WILL he Muter to sell Is Japan In aliit six maths' time when exporters here eea apply to sse the Japanese Indastrial Standards stamp. The JIB stomp Is a symbol of quality that Is well rnngatend In Japan and It Is expeetod that
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  • 478 1  -  By CHOO AI LENG THE Monetary Authority of Singapore (MAS) may allow non-resident banks to register their certificates of deposit here. At a meeting called by MAS last month, bankers were asked to submit their views and proposals on the matter. Under the
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  • Page 1 Advertisements
    • 0 1 >;|`--+|[:!/=;\~-_?+_@_~&]??:+<
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    • 199 1 Surprises for Wall Street Crepe Hangers New Growth Products Still in Development Imagine a typewriter that "draws" characters at electronic speed and in a complete silence. Besides taking over a large slice of the conventional office-equipment market, such a device could foment a revolution in the fast-growing telecommunications and word-processing
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    • 51 1 mmizzi LEISURE TIMES STORE-SRI LANKA InvestMNCs' CMtribatton to Matoyston gnoMi S HONG LEONO jsins Small Industries Finance Scheme....... 9 INCHCAPE expects Improvement to eenttnne....................... 11 LIBYA considers eU supply eat--12 CHINA TO CONDUCT racket tost It AIRCRAFT i, TV AND RADIO I, CROSSWORD WHERE TO WINE AND DINE 8, SHARES
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    • 241 1 A helping hand wvKfi you neea r most r /'°V Wiyfci.,,.l mi+w Mrni Www (OIK. j Ground floor, Sfxw Houm. Singapor* 0023 T«t: 7377*77^ Ist Quarter 1960 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract ing foreign investments to help power the country's industrialisation programme.
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  • TRADE AND INDUSTRY
    • 580 2  -  By HSUNG BEE HWA SINGAPORE yesterday signed an investment guarantee agreement with Sri Lanka which provides for moat-favoured-nation treatment for investment between the two countries. Mr C. Gunasingham, the High Commissioner at Sri T-atih», who signed on behalf of his country, said the agreement will provide a
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    • 154 2 COMPANY managers have come to realise that a lot of Investment goes into computer systems development. "Designing systems and programmes efficiently is the most feasible way of minimising such costs," according to US computer expert Don Oeenawalt. "New tools and techniques are now available to
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    • 112 2 THE SINGAPORE Institute of Management will conduct (our new courses next month. The first on planning and budgeting (or managers is scheduled (Or June 34. Course lender is Mr Han g««H Hong. Dr Zahoor Ahmad will conduct a course on tactics and techniques of effective supervision
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    • 369 2 THE labour-saving equipment exhibition being Jointly organised by the National Productivity Board (NPB) and Interfama is attracting considerable interest from manufacturers and distributors. This apparently reflects the tight-labour situation on the island, as well as the current interest in a greater degree of automation to
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    • 121 2 JAPANESE watchmaker Seiks IHaMIOi ku act ap tw« wvlce eeitres Owing eeatn offers eemprehcaalvc repair aai mMhiih service for Seiko watch ewaen la the etty. The larger Bdjbg fftdfity ithiiw ft skewreem aai la ft Jatart veatire wttk tke Beijtag Wfttek aai Spectacle Ce. The CUaeee
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    • 236 2 SINGAPORE'S garment industry can be assured of skilled industrial sewing machine mechanics as long as companies in the industry participate in training schemes of the Vocational and Industrial Training Board. Also, the variety of machines used in the board's training schemes for industrial sewing machine mechanics
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    • 181 2 THE Singapore Advertisers Association (SAA) has reelected Mr Patrick Mowe as its president for the sixth consecutive term. He is director and general manager of the MPH Group and represents Jack Chia-MPH Ltd. Also re-elected was Mr Dennis Khoo, as vice president of the association. He is
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    • 391 2 HOLIDAY INN has appointed Mr Bcni Rkgger as its new Food and Beverage manager. Mr Riegger first started in the hotel trade as an apprentice cook in Germany while in his teens. He has since trained and worked in various capacities in various hotels in Germany and
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    • 372 2 SEMINARS AND COURSES May 12-15: Successful Sales Management, Hilton Hotel, Consulasia May 14-16: Effective Publicity Writing, Hilton Hotel, Consulasia May 19-June 19: Reliability Engineering, Sisir Lecture Room, Sisir May 21-23: Advanced Programming Techniques, Institute of Advanced Technology May 22-23: Managing Foreign Exchange Risk, Shangri-La Hotel, AMR International June
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  • Page 2 Advertisements
    • 438 2 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1960-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage
      438 words

  • REGIONAL
    • 354 3 GOVERNMENT agencies in Malaysia have been barred from going into joint-ven-tures with each other under a new policy to prevent duplication erf services. This follows the drawing up of a consolidation plan under the Fourth Plan in which the agencies' role will be clearly spelt
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    • 156 3 UPI JAPAN plans to partially concede to Iran's oil price hike demand out of concern that the Islamic nation may permanently cut off oil shipment to Japan and take full control of a mammoth petrochemical plant, trade sources said yesterday. The Ministry of International Trade
      UPI  -  156 words
    • 271 3 AFP. CHINA has refused to grant the Hongkong-based Cathay Pacific Airways (CPA) permission to continue its charter flights from Hongkong to Shanghai, the South China Morning Post reported yesterday. The paper said China accused the local airline of "not conforming to the charter rules".
      AFP.  -  271 words
    • Article, Illustration
      522 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Clipper (Ro/Ro) (after Terrier) 33/34 Balantang (0700) 28 Bashan (1900) 18 > Barge Union 37 (0700 a/side Christian Maersk) 3/4 Barge Ann Kheng No 3 (0800) 22 Bunga Gelang (2100) 19 Blue Matsuyama (Ro/Ro) (shifts after Terrier shifts) 47 Christian Maersk
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    • 244 3 Reuter INDONESIA whM seed US$2.l Mitten external financing far the IIM/81 fiscal year which began April 1. According to the final al meeting M the InterGovernmental Greap on ladeaeria (Iggi), $1 Hilton •f this aid waald come (rain Mlateral grants and leans tram Iggi
      Reuter  -  244 words
    • 560 3 MALAYSIA'S economic growth can be hastened by setting up more Malaysian multinational corporations. Former Finance Minister Tun Tan Siew Sin says that with their business skills, financial resources and international distribution network, these multinationals can help attain the following objectives: Greater processing of natural resources and
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    • 298 3 Reuter HYUNDAI Construction fears it may be barred from the lucrative Saudi Arabian market following a bribery aranAil Ranking sources said in Seoul the company has notified its 42 bankers that Saudi and Bahrain newspapers, quoting official statements, had reported the company was being fined
      Reuter  -  298 words
    • 330 3 UPI INDIA said the United States decision to resume supply of enriched uranium for the American-built nuclear power plant in Tarapur is a "positive development" in relations between the two countries. A spokesman said: "As an interim step, it is a positive
      UPI  -  330 words
    • 124 3 A FAST United Nations patrol boat will be launched in Singapore next week to help fight pirates in the Gulf of Thailand preying on Vietnamese boat people. The boat, to be stationed at the port of Songkhla in the Thai gulf, would be operated
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    • THE REGION IN BRIEF
      • 691 3 Agencies TAIWAN'S Chinese Petroleum Corporation (CFC) has signed a US$6O million contract with Linde AG of West Germany for the construction of an oil residue gasification plant in Taiwan. Under the agreement signed in Taipei, Linde AG will do the engineering work and supply major equipment for
        Agencies  -  691 words
  • Page 3 Advertisements
    • 71 3 AGENT WANTED FRENCH MANUFACTURER of 15 h p. to 12 hp kerosene, petrol and diesel engines looking for ogent (Singapore and region) with suitable financial and technical backup. These engines are available on long term credit, should party be eligible Please write to B T Box No 5001, Times Centre,
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    • 91 3 m Chung Brand genuine leather shoes. A blend of old-world elegance and contemporary styling. Hand-made in the finest Chinese artistic tradition. Choose from a select variety of calf, cow or goat'leather. UN HO PTE LTD H. South Bridge Road. Singapore. 237.15t fir. People 's Park Complex. Singapore. C 33. Grd.
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  • RAW MATERIALS
    • 230 4 THE review of the Singapore and Malaysian rubber markets from closing April 30 to May 8 released by Hat May, Catier mad Bath said levels lost about eleven cents in subdued trading and reduced turnover, breaking the $3.00 barrier in the process, as bear sentiment predominated. Initial steadiness
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    • 334 4 SINGAPORE: Yesterday's closing prices in S$ per ldlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.90, 100 per cent third class 0.88, 25 per cent new crop 0.80, B-10 per cent 0.68. THAI BROKEN: A-super 0.63, Special no stock.
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    • 121 4 THE Chicago Board of Trade soybean futures ended up US7 V* cents a bushel in the near May to 3 V* cents in deterred May on Thursday. Values finished in the middle of a 13 V* cent range. Steady local pressure and commission house liquidation took prices off day's
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    • 344 4 THE Singapore rubber market closed slightly higher with June One RSS buyers quoted at 296.50 cents per kilo, up half a cent from Thursday's close, dealers said. The morning market fluctuated marginally on some covering interest and alternated with selling before finishing unchanged from Thursday night's close, they said.
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    • 278 4 R.AJ3. price* In cents per kilo yesterday: Nooa (P«r Ulo) doee (per kilo) Int. 1 R.SJS. prompt f.o.b. 92.00 int i R.S.S. W mao lot 1 R.S.S. July W.00 Iat. 2 RJS.S. 97JO UK/Cont 288J0 Int. 3 R.S.S. 284J0 UK/Coat 283JO Iat 4R.S.S. 278.30 UK/Coot 277.30 InL 5
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    • 89 4 NOON 88R mti SMR prkw > May ICuil him &4 i rruc i riuo MAM Mtkl Ju (Fortran ■urn i 279.SO 276.50 l*MU) S8R SO S8RS0 mm 8S33 illar* 279.SON 278.50N SON 278. SON siotcv SMRL SMRS SMRGP SMRIO SMRIO SMRtO limit Mill JMI 1 MOJO 1
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    • 76 4 THE Straits tin price la Peiftif weakesed Mwttor MISS per pica] to $2J49 yesterday, M was still $M abeve the lateral Haas I Ha Agreement eeUtag, dealers said. The eeatiaaed Call sa the Lsadsa Metal Exehaage aad easier sterUag against the rlaggtt depressed the metal farther hat there
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    • 38 4 Rubber: May 9 Singapore: June: 298.60 cents (up 0.50 cent) Malaysia: June: 303.00 cents (up 0.50 cent) Tin: (down $35) (equivalent to $37.04 per kUo) (down 57 cents) Official offering: 179 V* tonnes (up 24 tonnes)
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    • 88 4 SOUTH Korea is ready to negotiate with Beijing over its complaints that joint Japanese-Korean oil drilling of the continental shelf south of the country infringed Chinese sovereignty, the Foreign Ministry in Seoul said. "It is our long standing policy to seek a negotiated settlement whenever disputes arise
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    • 210 4 THE Chicago Board of Trade wheat futures closed unchanged to USI V« cents a bushel higher in revived trade on Thursday. Values settled in the middle of a ten-cent range. Dry weather continued to provide steady local demand which kept prices relatively firm. However, traders generally anticipate a break
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    • 193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 90s 2.200; 32s 2JB. «H 2,900 (per bale of 400 lbs). Pises fssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 172 4 CHINEBE Pradaee Exekaage, Wags pre, aaea eiMtag print per lllkg ywtorfcj: Caesaat ell: Bulk fob $137.50 sellers, old drum (in second hand drum) fob $147J0 sellers, new drum fob $154.00 sellers. Cepra: Mixed (looae) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $505.00 sellers, Sarawak white pepper
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    • 115 4 THE market was mixed with no discernible trend and operators were withdrawn, dealers said. In the south, May was unchanged at MsB7o per tonne, while it eased $20 to $850 in the central region. In the southern region, June gained $7.50 ringgit to $870. The refined market was
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    • 984 4 Robusta futures closed yesterday morning steady £10 to £14 per tonne up from Thursday. Turnover was 1310 lots tnrimttng 16 options and around 125 lots of cross trades in March at £1720. The market traded narrowly for much of the morning close to opening levels on mixed commission
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    • 251 4 AP WORLD sugar production is expected to decline sharply from forecasts last (all, indicating further price increases for American consumers for months to come, the US Agriculture Department said this week. Officials said the world crop for 1979-80 is estimated at 85.4 million metric tons of
      AP  -  251 words
  • ASIAN STOCKS
    • 649 4 TOKYO Source: DBS-Daiwa THE Nikkei Dow Jones shot up Y50.68 to Y6.808.38 for the first tie in four days due to the rise of oil, large-capi-talisation and electric appliance issues. Nevetheless, total volume was not large (270 million shares). Large-capitalisation issues including steel, heavy machinery and heavy
      Source: DBS-Daiwa  -  649 words
    • 375 4 Source: SHK See THE momentum of Thursday's 17 point advance was halted by the general feeling that there was little likelihood of a sharp prime rate reduction by the EBA today, especially in view of the fact that the financial secretary is still away on his trip in China.
      Source: SHK See  -  375 words
    • 266 4 A FTVE-year high for sugar prices and confidence in the oil sector under-pinned firmer trading, brokers said. MAY 09 Cents INDUSTRIALS A. i\ I. 202 -1 A N 1 240 unch A P M 108 unch Aiupol Pel 117 6 B H P 1220 15 Rink NSW 285 -9
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    • 236 4 STOCK prices closed unchanged to tower in quiet trading yesterday, dealers said. MAY 09 Bahts Asia Credit Asia Fibre Ayuthaya Inv And Trust Bangkok Investment Bangkok Bank Bangkok Drying And Sito Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhaya 138 296 305 CSI 131
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    • 120 4 STOCKS closed mixed yesterday, with turnover dipping slightly to 2.4 million pesos from Wednesday's 2.8 million, dealers said. MAY OS Pesos Aroje Mining .0074 unch Atlas Con A AUas Con B 3300 unch Buguio Gold 0086 -0 0002 Benguel Con. B M 00 -1 BK Goodrich 15.00 -03 ClICP
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    • 51 4 FINANCIAL TIMES INDUSTRIALS Thursday 436.7 Wednesday 430.4 Week Ago 443£ DOW JONES AVERAGE INDUSTRIALS Thursday 815.19 Wednesday 821.25 Week Ago 808.7V H.K.HANG 8ENG Friday met us Thursday 87&88 Week Ago 854.22 SYDNEY INDUSTRIALS Friday 610.48 Thursday 806.48 Week Ago 801.69 ALL ORDINARIE8 FYlday 790Jl Thursday 785.97 Week Ago
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  • Page 4 Advertisements
    • 167 4 Wendy Hutton's ....more than just a cookbook! Here, for the first time, is a local cookbook that gives you more than just recipes. More, too, than lots of fascinating and relevant information about Singaporean ingredents and cooking methods. Singapore Food is unique because it puts Singapore's famed cuisine into historical
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  • OVERSEAS
    • 424 5 Agencies THE US House of RepiesentativM has approved a draft budget giving a surplus of USfl lor ti* 1991 fiscal year beginning Oct 1. The proposal passed by 225 votes to 193 provided for expenditure of |Ell.B billion,lncluding $117 billion for defence, and
      Agencies  -  424 words
    • 115 5 AFP THE US Civil Aeroaautiee Board (CAB) haa approved plana to merge the two bigfeat 'American air-freight companies, Seaboard Worid Airlines and the Flying Tiger Line. Prisldint Carter will alao have to give the goahesd bee a aw the companies run International flights
      AFP  -  115 words
    • 644 5 ANNOUNCEMENT IN A WEEK Agencies PRESIDENT Carter will announce within a week plans to tighten policies for collecting duties on Japanese-made light trucks sold in the US, a Detroit newspaper reported on Thursday. Tbe Detroit News quoted administration sources as saying the President will
      Agencies  -  644 words
    • 613 5 Reuter AFP PRESIDENT Cuter may play boat to a summit oonfcrence soon with Egyptian President Anwar Sadat aad Israeli Prime Mlahtrr Men»chem Begin to break the Impaeae in talks on Palestinian autonomy, according to the Middle East News Agency (Mena) correspondent la Washington. The report, attributed
      Reuter; AFP  -  613 words
    • 665 5 ARRIVALS 8*rrke Local Operator Nuber TfaM hw FT S1A/BA FTT5 SQ/BA17 IOW? son MHS21 MHffl atmi CBL4 CX710 SQMB GASH) SQ11S GA544 MHS72 BN5Q5 GAM PR501 BUB GAM son KL837 0710 MO JFK/ORD/ANC/TPE LHR/BAH MAS SIA MAS MAS SIA CAL CPA SU GU SU GU MAS BN
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    • 379 5 AFP THE first week of the worst industrial unrest Sweden has ever known has already cost the economy 0.5 per cent ci its annual gross national product, according to calculations hy employers. On these figures the strike has resulted in 2,000 million crowns
      AFP  -  379 words
    • 293 5 UPI MANUFACTURER'S Hanover Trust knows what it means to snatch victory from the Jaws of defeat. It made a US 36-cent profit on Thursday from s robbery thanks to the courage of a pair of bank employees and a window washer, as well as the honesty of
      UPI  -  293 words
    • 371 5 Agencies PRESIDENT Tito's dying wish for peaceful dialogue was fulfilled by world leaders gathered in Belgrade for Thursday's emotion-charged funeral of the 87-year old Yugoslav leader. While Soviet Communist chief Leonid Brezhnev and US Vice-President Walter Mondale flew home shortly after the ceremonies, Chinese
      Agencies  -  371 words
    • WORLD IN BRIEF
      • 440 5 Agencies SPARKLING wine produced in Canada's Quebec province may now be legally called champagne. The Canadian Parliament passed a law yesterday formally repealing a 1983 trade agreement with France which stipulated that only such wines from the Champagne region of France could be sold under that name. THK
        Agencies  -  440 words
  • Page 5 Advertisements
    • 31 5 HovevwboogW your co sX nes e-tng\«Vi times Chinese Oict'ionorv \owP" ted T sh oUtionorv ?*sS*»«* oiu r is now .-.oorw" 5 is no« ovartam e r uins bookshops, e«*P and soperntorUcHprite^*^®
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  • 381 6 IT IS a somewhat sad though perhaps apt commentary of the times we live in that we should read of reports holding forth the view that bankers have no confidence in their ability to absorb the overflowing abundance of funds from the fabled coffers of
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  • 323 6 IT HAS been a wet week. The weather, willed by forces understood but uncontrollable by man, has made its presence felt in a place where daily climatic fluctuations are usually so slight as to go totally unnoticed. Paying due homage to the gocli
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  • 4699 6  -  By DONALD F SINCLAIR POLITICAL leaders have been carefully covering themselves by guarded warnings of a crisis affecting American, British and West German banks. At the same time, by raising interest rates to hyperin lation levels and continuing to run budget deficits they have made such
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  • Page 6 Advertisements
    • 155 6 FEDERAL PUBLICATIONS Home Studies Division is pleased to announce the visit to Singapore and Malaysia of Mr.EmileWoolf FCA, Director of Emile Woolf College of Accountancy, London, and Miss Christine Waugh B.Sc, Liaison Head of Overseas Schools FROM MON MAY 12 TO FRI MAY 16. During his visit, Mr Woolf will
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  • Page 7 Miscellaneous
    • 1184 7 -J* FA Cup Final at 9.20 rOOIBAII rales Whether yea*re U. prlve yea «f the spills ed thrills tftplf JVew* f* that's set tee severe a I er The iwH is a tree total to net ■>pkW Of k M h r" E i 5 E 2 SINGAPORE 5 12.53
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 141 8 Aliuid eao.uu 67 70 0.5 itSv K10 9® 20 ♦0.2 -01 A in fa* ***** -1.7 Ainro Bank 43.10 1.6 ZT" Bota 8220 -01 Borvimij BuMimtnn By»n«or) J*50 unc h (.ah* Urtfi Lwh Mij 97 30 unch Cnnia 132.00 i to»l»r Kort Gamma 2350 -0.3 Gfldtt Guibroc 28 90
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      • 275 8 MAY 08 Krs CORBEILLE Air-Liquide B S N Gervais IJanone C S V [Thomfcncsr> t ie Krancaue des Petroies •.'ompagnie Kinanctere lompajnie General* Credit Koncier Ue ►"ranee Hachelte 544 890 488 251 SO 375 409 5 *1 3 15 16 (Librairie) Machines Bull Michelin (B) Puribas Pechiney Clfine Kuhlmanh
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      • 217 8 MAY 08 Utn Aeg-Teiefunken 74.00 1 Akzo 21 SOB Allz Leben moo -8 AIU Vers 369 50 7.5 BASK 143 80 0.9 Bay H T Wbank 233 50 *11 Bay Vbank 280 50 113 Bayer 119.30B BBC 297 00 4 BMW 182 SOB Cus.sellu 344 00 4 Chem Ver»
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      • 189 8 MAY 08 Krancs Actions Suisaes 280 Alusutsse Br. 1110 10 Alusutsse Ret 410 4 Brown Bovefl Br. 1100 25 Ciba Otlo Br. I07S >30 Ciba Geity P C 830 15 Ciba Oelty Rtf 507 1 Credit Suisse Br 2140 5 Credit Suisse Reg 308 2 Elektrowatt Br 2290 10
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      • 70 8 MAY 06 Pr* FORWARD MARKET 2110 1300 010 Cork 270 Ebes 1975 Electrodel 5700 20 Gb-lnno-Bm 2270 10 Of* 1036 18 Hobok 2500 5130 Ryl Dutch 2275 Sidro 1162 -16 Sue Gen Br If 1340 -20 -25 unch Sofina 3180 Solvay A 2505 Tanks 174 unoh U Min 734
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      • 104 8 ahic Bdu uncn Assoc Gen ***** 4 110 I'entrale on -a 9220 -35 Kial 1845 12 1- insider 7425 0 25 Gen Inimob 54 50 4-0.25 in Pri 2256 -16 Ilalremenli ***** -ISO IUlfiiA •10 urvch lialsider 314 «0 5 Micnfli M Pf 580 unch Marelli Ere Mediob 338
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    • 199 8 MAY 08 C* AbllltM U Alcan 27'. Algoma 28 .Si Bank Mont 24'. Bank Nova Scotia 26 T Bell Tel 20'. Beth Corp BP Can Ltd... m 39 •|*2 Braaran Cainp Red Lake ZZ! 35'. Can Imp Bk 25'Canpac 35 .1. Canpac Inv PI Curling OXeete Vt Cominco SI
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    • 295 8 MAY OR Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC Barlows C| Sugar CNA Curne Finance De Beers lnd 282 080 2310 80S 1000 00 ♦2 unch 10 1# unch -5 Edcon Edgars Eirready Fed Volk Kufit Gardlan Gtenant Oralemn Hippo Hive Id HuletU Liberty Lonrtio LTA M
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  • Page 8 Advertisements
    • 66 8 Eves of Holidays >' On these day*, you pay lew to come on oar package special, la proaaMr «w waakanda m* pubHc ho#daya. Mha M dm o< Mm Ma m «MMt No MMum pMnad m Mm-* Mw running around. And awn Ma «a garter dimwdma •^^ApoS'sSSsa kT rrcnc IF YOU'RE
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    • 80 8 Where to wine, dine and entertain For sushi. For teppanyaki. For other authentically Japanese delights. (Jat!i \'Z n< x)t i ,'i' /> m f f n 10 1 1' "i I < >r reservations al! < ii s I'ill'k M "I! »l I "~*i I liiJ l| M 11 r
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    • 175 8 )))`{&$~/="?|=,({,]`:?~,\*'<&][ s k W -<V*» *•> Kt M t "C at SCn *s,%t Dim* Dragon Palacc 11.iv <» <i rov <il fc<is( of tinioix'sc <It'lii <i< ics .i im«'HK»l<ll)|(* ri<*ru Quit k 11< >ik{ Kdihj lim Sum I no< h <k <til<ii)lc (I.iik /j«* t (Curhpii Tftolrl .iii ,i. I'M
      175 words
    • 124 8 Singapore-style Jfilton style, lab At the Top ot the Hilton, at Hm s That s .vhereyou qet a selection o f typically Cantonese favourites And ou r verv own Flavours of Singapore No mess No noise Just great chow In the comfort and seremt ot the Hilton If you live
      124 words
    • 179 8 The Robin's Tavern. The place to g<o. after work. To relax, and to eq)oy your favourite drink. In a cosy, soothing i atmosphere with cool, cool music provided by a live group. Visit us at' NyjlfcAwlj Robin's Tavern dcSlflVKmik. we know you'll like it. Happy Honrs: 4-7 p.a. 11% Diacoaaat.
      179 words

  • BANKING AND FINANCE
    • 233 9 Reuter THE FRENCH government is considering relaxing certain foreign exchange controls as part of a package to help stimulate commodity trading in France, Economy Minister Rene Monory said. He said no decisions have been taken yet and controls will not be changed in
      Reuter  -  233 words
    • 448 9 BONDS LOANS Agencies. JAPAN Air Lines will shortly issue an 80 million Swiss franc bond guaranteed by the Japanese government on the Swiss capital market, the Tokyo Finance Ministry said. A bond issue contract is likely to be signed in the near future, it said without giving a specific date
      Agencies.  -  448 words
    • MONEY AND EXCHANGE$
      • 536 9 POSSmnJTTES of oU price increases every three months and rumours that US interest rates will soon plummet, sent the foreign exchange market into wide fluctuations yesterday. The US dollar rase and slipped in quick succession. From an opening of 234.30/50 against the yen, the US unit fluctuated between
        536 words
      • 185 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 9: US MUrtgfot) 7 days WH* 10 V. 1 month U 13/*****1/16 2 months 11H 11 Vi 3 months 11% 11H 6 months 11 V« UH 0 months 1111/*****/16 12 months UH 11 to 8w In. Das. flfUML
        185 words
      • 126 9 THE U.S. dollar fell against the yen but rose against the other major currencies yesterday in fairly active trading, dealers said. The dollar fell against the yen on news from Tokyo that a major Japanese trading house had signed an oil import deal with Libya. However, the US unit
        126 words
      • 268 9 GOLD futures in Singapore closed generally easier yesterday, in line with lower overseas gold prices in thin trading, dealers said. Total sales for the day was reported at 128 lots with interest centred on June and August contracts, they said. June closed easier at U5*510.50/511.00 an ounce against $517.50/519.00
        268 words
      • 210 9 THE U.S. dollar for overnight delivery closed weaker at 231.80 yen, compared with a ***** opening and 232.65 at Thursday's close, dealers said. Trading was active but erratic with the volume US$96l million. The US currency fell back in nervous late trading on increased export covering by Japanese traders,
        210 words
      • 124 9 the US April wholesale price index than the March rise. The dollar eased to 231.90/30 yen from an early 234.25/40 and a 233.85/234.15 New York close, but rose to 2.2765/75 to sterling from 2.2805/15 and 2.2835/50, to 1.6700/40 Swiss francs from 1.6680/20 and 1.6670/90 and to 1.8035/45 marks from
        124 words
      • 269 9 THE U.S. dollar continued to firm against European currencies as Eurodollar rates moved higher yesterday .dealers said. The principal factor behind the firmness appeared to be the expectation of improved US wholesale price index (WPI) data for April scheduled for release todaydue later today. The dollar opened at 1.8090/30
        269 words
      • 22 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.2 per cent.
        22 words
    • 1284 9 NEW YORK OIL and aerospace issues led the New York stock market lower in active trading on Thursday as the interest rate rally of the past few weeks faltered. The stock market reached an eight-week high on Wednesday, as measured by the Dow
      1,284 words
    • 124 9 HOW DO yea imm ud imn large risks la Ike devetopiag eeaatrtes •f Asia aad Ike Pacific? lids k tae rf the everpreeeat faertkas that kave treakied many <hkk la Ike regies. Bat a Utile kelp Is aew aleag Ike way la Ike skape ef
      124 words
    • 575 9  -  By RUTH CHENG THE Monetary Authority of Singapore (MAS) has given formal approval for Hong Leong Finance to Join the Small Industries Finance Scheme administered by the Economic Development Board. This makes it the first finance company and the third financial institution to
      575 words
    • 195 9 THE United Overseas Bank (UOB) group has sent a note of caution to all its customers, warning them against die use of erasable ballpoint pens and a special type of ink eradicator from Germany. The special feature of the erasable ballpoint pens is
      195 words
    • 515 9 Reuter THE International Monetarey Fund's (IMF) gold auctiions are not likely to resume as long as there is an impasse over the fund's substitution account plan. But market analysts say the 444,000 ounces being sold each month is too small an amount
      Reuter  -  515 words
  • Page 9 Advertisements
    • 168 9 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 1950 and the present. The central characters are Kevin Derry, a cardiologist who fights his way to the top of the medical establishment
      168 words

  • 1346 10 jp md Mfcrprtces officially Jpal n tin Stock if yesterday with gM la brackets in lots of 5 ncnoN oni INDUSTRIAL I oomcnciAL (4) 117 (10)198 (8) PM Om (12») (1) 112 fit (vm 1.458) (j) i.« <**• IBM) (1) IHH (8)
    1,346 words
  • 72 10 «?s TIk Sivtsgi Fund 158 1 11 imBMK mm imp S'pcr* Prog Puad LU U» S* pore 9k. M LM 1M S par* lwMt Ptaad L» 1-57 L» L« S par* Bqrtty M l.lt U5 MA»A KjOTVRl luanmn SHEL LS Is Jssns. 5£ js SB5b a S EH.,.
    72 words
  • 2575 10 1M0 Uw Cw|MT Last Sale +orGr*s Dtr DW CNrr Gr*s YTd Net P/E Vol (•OOO) Day High Low SBCTION ONE INDUSTRIAL A COMMERCIAL s s Ml IM 3 i i llwmi Allied Choc »AT B«M» xmt Bousiaadco c c an as 122 142 310 IS an 404call
    2,575 words
  • 1693 10 BID aad offer prion officially lilted and >B>Mi ta aad reported to the Kuala Lumpur Stock Exchange yesterday with the number of chares traded Manna ta brackets in lots of l .000 units, unless otherwise specified. tea» (1MB) ft» (2MB) (1)1» an Akmm (11*128) cd MHMI(LMB) A
    1,693 words
  • 25 10 UNITED later—d»—I Seemrltksa Ltd: AGM to be held at 28th Floor, UOB Building, No 1 Bonham Street, Raffles Place, Singapore at 10am today.
    25 words
  • 437 10 A MIUI nttj lmi* the etastag ■lilies pasked ptre stack miM ywtw Aa ibainw MM baykog ST as- s mU; N lkm were sire «■jLyt***letr"eweeSw toyi M piw greater Mmt ycitarday sited then b but rTldf rm af gni "aaal* ity kaylag toea Mb
    437 words
  • 529 10 TIN shares burst into the limelight yesterday after months of sluggishness to dose markedly higher at the Kuala Lumpur stock market yesterday. There was keen buying interest in a dozen or so tin counters, most of which finished with double-digit gains. The New Straits Times
    529 words
  • LATEST RESULTS
    • 33 10 has reported a pre-tax profit of $1.06 million far the year ended Dec 31, 1979 compared with 1801,231 lyIts directors recommend a first and final dividend of 7.5 per cent (same).
      33 words
    • 45 10 has reported a group pre- tax profit of $2.07 million for the year ended Dec 31, 1979 compared with $2.83 million the year before, on turnover of $24.88 million ($25.00 million). Its directors recommend a final dividend of 10 per cent (same).
      45 words

  • COMPANY NEWS
    • 1255 11  -  Br CATHERINE ONG THE strong recovery staged by hichcape Bhd last year, fallowing two years of declining earnings, «CD not be a hit aad rot type of performance. Its directors believe that the group will continue to improve this year, albeit at a «tower
      1,255 words
    • 659 11 KUUM (Malaysia) which improved strongly last year hi expected to perform well this year. The group which derives the hulk of its income from ail paha has never been in h«ti«r health or fyfd more hopeful prospects, chair* man Datuk Haji Basir Ismail
      659 words
    • 144 11 ■I, j iun#Q Date Ltt Net EPS it Fill Yea Grew r Pre-tax but year (eert.) Dhr. Preflt <%> <$*M) Apollo Ent F 6/3 7.4 7.5. 4,353 Ambassador F 10/4 6.9 7.5 806 A Choc F 17/4 9.7 3.0TE 2,413 Pub Bank F 17/4 al5.7 6.5 3,137k Oriental
      144 words
    • 265 11 REPLYING to queries from the Kuala lanmur Stock Rirhauß*, Peeak Cartel said It does not know of any reason for the tutnten**** t_ (AM «jS f4 turnover m its securities, is Is currently negotiating for the takeover of two property Oi wsias Union Bank rights Issue
      265 words
    • 398 11 |MjB3 by HOCK LOCK SIEW THE stock market 9eems to have fallen out of love with blue chip National Iron and Steel Mills (NE3M), notwithstanding the record profit of $47.2 million that it achieved in the last financial year. Since the beginning of
      by HOCK LOCK SIEW  -  398 words
  • Page 11 Advertisements
    • 602 11 Montpelier International Properties Securc Investment Fast Capital Growth INVITATION to be a man of property. To new guaranteed high growth secure investment opportunities. To find out how you can profitably invest in selected properties in the South of France, Spain, Portugal and Florida in the U.S.A. At the Malaysia Room
      602 words

  • 524 12 AP THE Libyan Jam&hiriyah Is seriously considering stopping oil supplies to Britain and the United States and witlxhawing its assets in both countries, the Libyan news agency Jana reported yesterday. Libyan leader Muammar Gaddafi made this announced and also said his country would seek "thousands
    AP  -  524 words
  • 511 12 AP THE Arabs are producing mare crude oil than they should and accumulating mote revenues than they can. possibly spend. the oO producing countries are yielding to pressures to produce crude oil aerates far surpassing their direct need for purchasing power, Premier Afcßm El Hoss of
    AP  -  511 words
  • 173 12 UPI THE International Press Telecommunications Council wound up its 15th annual congress in Tokyo yesterday and called for lower costs and unrestricted access to news transmission facilities. The council, in a policy statement released after a three-day session, expressed its dissatisfaction with th* present telecommunications tariff structure
    UPI  -  173 words
  • 799 12 LONDON, Fri. Equities closed lower in quiet trading but government bonds ended unchanged, dealers said. At 3pm the FT index was down 2.1U4M.1 Gold shares declined by as mod) as USH in line with the price. Other equities met end account profit-taking, amid continuing disappointment that there will
    799 words
  • 222 12 AP THE US Federal Bureau of Investigation says an elaborate fraud scheme involving the transfer of US$l.75 billion between several banks came unraveled because of the greed of four men now charged in the scam. The suspects were charged with furnishing false information
    AP  -  222 words
  • 406 12 AP THE last foreign dignitaries began leaving Belgrade yesterday after a night of private summit meetings following the funeral of President Josip Bros Tito. Morning departures from Surcin Airport Included Indian Prime Minister Indira Gandhi, West German Chancellor Helmut Schmidt and Zamhton President Kenneth Kaunda. Chinese Premier
    AP; AP photo  -  406 words
  • 498 12 Reuter AFP CHINA announced yesterday that it would conduct a rocket test from the Chinese mainland into an area close to the Marshall islands of the Central Pacific between May 12 and June 10. The announcement carried by the New China News Agency said the
    Reuter; AFP  -  498 words
  • 94 12 AFP CHINA has built a copy of the Boeing 707 airliner without a licence, the Washington Post reported yesterday. It quoted a traveller returning from Shanghai as saying he had seen the aircraft, known as the YlO, in a factory there. It was fitted
    AFP  -  94 words
  • 45 12 THE Malaysian Trades Union Congress has, for the third time, submitted a memorandum to the International Labour Organisation (ILO) alleging infringements and violations of basic rights of workers and their organisations. The two previous memoranda were on the rights of registrars.
    45 words
  • 230 12 AFP THE United States has approved Japanese and West German steel pipe shipments to Russia. Japanese government sources say the United States has eased the sanctions apparently out of fear that the halt to shipments of steel pipes and other energy-related equipment may
    AFP  -  230 words
  • 123 12 AFP A FORMAL agreement (or a Ms2so-million MalaysianKuwaiti Joint venture investment company will be signed in Kuala Lumpur next Tuesday. The company is a venture between the state trading corporation, Peroas, and two Kuwaiti companies the Kuwaiti Real Estate and Investment Consortium (KRE2C) and the Public Institute
    AFP  -  123 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 68 12 WE AT H E R Outlook for Singapore from 6 a.m. to 1 pjn. today: Showers in several places tram late morning. Repsrt to M prtsr to 1 M ml m May at the alrpart. Maximum temperature 30.0 Associated humidity 80 Minimum temperature 22L5 Associated humidity 96 Hours of sunshine
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  • LEISURE TIMES
    • 652 13  -  coLLEcrnw By LINDA CHEE HE WAS hoswuied by the Odnsee government ip the Chiang Kakdtek era as one d the bed master craftamsn d Ms time. It Is stdd that when the Japansse invnded China ta the IMb, he wae osse d the lorvunaie imtiiß wno cna
      652 words
    • 36 13 THE MlJ'lij djQgare Mi lsiitfe_Ceafee peseete INWM mm, istefeam Maas fejjja. ifJUt "^tigrlipte 1 tram NaUeaal_ Arehlvaa aa< the BepaMfe'e Mslirtnl eteageTThat have taken ever the fed Ml yearn. Facm from th* pmt
      36 words
    • 150 13 THE Performing Arts Festival organised by the American Library Resource Centre will begin tomorrow with a Jazz night, cosponsored by Yamaha Music School. Entitled "Jazz: What is it?", the programme, which incorporates a historical overview of Jazz, will be held at Yamaha's Mini-Auditorium at Plaza Sngapura (ran
      150 words
    • 509 13 MANY figures in Chinese history have been included in the ranks of immortals, be they statesmen, philosophers, hermits or poets. But perhaps there Is none so peculiar a character etched in Chinese mythology as the beggar monk, J1 Gong He is believed to have been born the
      509 words
    • 655 14  -  By GOH ENG KEE "THKN THE seven angels with Jm trumpets prepared to the first angel blew Hail aid Ore, mixed pouring down V«Il a third of the earth wa#fcufht ty. a third of the trees, blade «l green grass, "thai the second angel blew Ms
      655 words
    • 836 14 NYT ON THE SURFACE, Susan Strasberg was one of those young women who seemingly had everything: brains, beauty, talent, celebrated parents, glamorous friends, her name in lights on Broadway at the age of 17 as the star of The Diary of Anne Frank.' She was a golden
      NYT  -  836 words
    • 487 15  -  VIOLET CHOW THE AMBIENCE at the Tiara Supperclub on Wednesday night was unusually quiet with only a handful of diners. Kit that did not deter the duo performing there. When they launched into the familiar Coke Jingle "I'd like to Teach
      487 words
    • 1087 15 MOTOKng with Hermes ALMOST all passenger cars have their wheels either driven through the front which means the car is pulled along, or driven via the rear wheels, which is a pushing motion. Until a few years back, rear wheel drive was the generally accepted norm,
      1,087 words
    • 645 15 NEVER say die! There is hope yet for those who (eel the pressures, stress and irritation of daily living; for those who have a perpetual battle with the bulge. The latest to join Singapore's list of health clubs is the Mandarin. The hotel will
      645 words
    • 364 15 GOLF: THE Singapore Itland Country Club will be holding its Club Championships and its Intermediate Championships First and Second Qualifying rounds at its New and Buidt courses respectively over the weekend. The first qualifying round will be held this afternoon and the second will be held tomorrow
      364 words
    • 94 15 IN THE US and Europe, the major fashion showings like the Magic Show in Los Angeles, the NASMB Show in New York and the Interstoff of Frankfurt have triggered the beginnings of what is predicted to be a new and colourful international fashion trend. Rmphagfa jg
      94 words
    • 1239 16  -  WEST HAM-ARSENAL TUSSLE by RONALD KOW ALTHOUGH the odds are very much against a West Ham victory, it would still be a gamble at this stage to commit oneself in picking a winner for tonight's English FA Cup final at Wembley. Defending champion
      1,239 words
    • 99 16 SPANISH golfer Severl&no Bailesteros heads the European tournament players' division prize money list after the first three events of the season with total winnings of £8,763. Bailesteros, the British Open and US Masters champion, won the Madrid Open and was joint runner-up to Northern Ireland's Eddie Polland
      99 words
    • 206 16 UPI ABOUT 4,000 athletes, all with backgrounds in alcoholism, will compete today in the eighth annual Alcoholic Olympics at the College of the Canyons in Valencia, California. The only qualification for entrants is that they be sober. Staggered starts are banned in the running
      UPI  -  206 words
    • 788 16  -  FROM THE HORSE'S MOUTH By HYPERION THE FIRST weekend of all local race meetings seldom produce the results that the form books suggest are likely. For this reason punters are advised to go easy on the wallet and keep their eyes skinned for good
      788 words
    • 427 16 Agencies THE WORLD'S richest thoroughbred horse race, with prize money totalling about Asl.s million, is likely to be held at Melbourne's Flemington racetrack next January. The Victorian Race Gub said that first prize (or this race will be worth nearly Asl million. The race, the
      Agencies  -  427 words
  • Page 13 Advertisements
    • 57 13 RICOH Plain paper copiers I i *'S4 Wywy Private Limit* WywyNtouw.lTUnQKMnoad. Sing^MrfOSlS. ponrsysi of norror ana maanMi in 'Adocilydm Now' liiMnrt 0n............... II WWW* Will Champion Motors ghrs us tho supor Audi Ouattro 111 A Mocca for hoalth enthusiasts 111 Racing this wosfcsnd Hyporion comas out of hiding— IV FA
      57 words
    • 1 13 -^MAKIK
      1 words
  • Page 13 Miscellaneous
    • 622 13 WHAT WHERE RECITALS TOE VMfealsfCfafca at 11* Victoria Theatre, etartteg tonight tfll May 11 More than U» participants from V choke wfll mat wtx performances: School CMn; Sacred Male; of the World; Asian Folk aad Art Soap; Qfidna la tag aad Stagspore Composers. The Ulilili j of Cttltun's Second Festival
      622 words
    • 17 13 Crista*/ ens »T uit see THIS open see. Tv*s D«y ciribss my 'weis OUST DONG IT UIOUKStf? >
      17 words

  • Page 14 Advertisements
    • 245 14 £-i *2 fA: w T fc JMT JT THE PUFFIN PROMISE A book for every child ,|(D AAwt [HowWeWxk *Q *3B» mmatmmo I Hnrprr <«ri {Vnimr Ko Hr VOl RTKt'.X /> &\RVI M/ "t BOOKS r' •Jf .A' ®ENjy a* •i W"r,' if JICA V*. f* TV UtW M# itai
      245 words

  • Page 15 Advertisements
    • 118 15 h 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 When and Row to Sell Your Car Looking After Your Car Checks Before Driving
      118 words

  • Page 16 Advertisements
    • 357 16 The LIFE Library Of Photography i v J ,4f >t^W r Ti helps you to see great picture possibilities 1 all around you... f? fx The Life Library Of Photography Each volume measures 70'/* 70'/4 inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately
      357 words