The Business Times, 24 May 1980

Microfilm: NL10631
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES HMMP> N*. 111/l/n SATURDAY, MAY U, 19M 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Prime rate slashed
      91 1 Reuter NEW YORK, Fri. Citibank, America's second biggest commercial bank, yesterday slashed its prime rate by two full points, to 14.5 per cent, lowest in the US banking industry. The move came less than 24 hours after the White House said banks were not lowering the key
      Reuter  -  91 words
    • Article
      Lock icon Inflation down as well
      86 1 Reuter WASHINGTON, Fri. The US inflation rate fell sharply last month to its lowest level in more than a year, according to figures released yesterday. The consumer price index, the basic measure of inflation, rose 0.9 per cent in April against 1.4 pa* cent in March.
      Reuter  -  86 words
    • Article
      Lock icon Asean ministers meeting
      61 1 AFP KUALA LUMPUR, Fri. The third meeting of Labour Ministers of the Association of South-east Asian Nations (Asean) will be held here on Monday. The ministers will discuss follow-up actions on decisions made at their second meeting in Pattaya, Thailand, in 1977 and review cooperation in the
      AFP  -  61 words
    • Article
      Lock icon Troops fire at schoolgirls
      63 1 UPI NEW DELHI, Fri. Government troops in the Kabul shot and wounded several schoolgirls demonstrating against the Soviet occupation of their country, a Western source from Kabul said. He said the confrontation occurred yesterday and "about 10 to 20" schoolgirls from Malalai High School were wounded.
      UPI  -  63 words
    • Article
      Lock icon Loon agreement signed
      64 1 Reuter TOKYO, Fri. Malaysia's state-run oil company, Petronas, signed an agreement with a Japanese banking syndicate led by the semiofficial Export-Import Bank to borrow up to 25 billion yen (US$ll2 million), a bank spokesman said. The signing took place between Petronas chairman Abdullah Salleh and Mr Michio
      Reuter  -  64 words
    • Article
      New ambassador
      29 1 RUSSIA has appointed Mr Fyodor Ivanovitch Potapenko as its new ambassador to Singapore. He succeeds the former ambassador, Mr Yuri Ivanovitch Razdukhov, who left Singapore in September.
      29 words
    • Article
      Lock icon Dow Jones
      52 1 AP NEW YORK, Fri. Stock prices climbed sharply this morning, impelled by a report on slowing inflation and easing credit conditions. The Dow Jones average of 30 industrial stocks rose 6.06 points to 848.96 in the first half-hour. Gains outnumbered losses by 2-to-l on the New York Stock
      AP  -  52 words
  • Article
    Chief Price Changes
    138 1 Rises Indices M U I 820 50 May 22 May 23 D Keraaat 1900 +30 B.T.IndJcator: 4785.32 4798.22 Mipna Corps 1040 +30 Industrials: 507.54 506.02 Mega Chen 8«( View M Bukiaf 8«t VtowEu 201 +23 Finance: 897.76 904.29 237 1040 106 +21 +20 20 Hotels: Properties: 449.11
    138 words
  • Article, Illustration
    KUALA LUMPUR
    148 1 Rises Indices Magnum Corp 1060 MUInd 830 +50 35 B.T.Index: May 22 May 23 8158.29 8229.73 Tuek 486 26 Industrials: 587.22 591.86 Grating 565 +25 Finance: 822.58 824.55 F and N 720 20 Hotels: 371.14 371.24 KG Hold 269 15 Properties: 411.73 414.52 Malex 560 15 Tins: 310.54
    148 words
  • Article
    No protection for tyre and battery
    665 1  -  INEFFICIENT INDUSTRIES By FONG MEW LENG THE Government will not grant any market protection to tyre and battery manufacturers despite their strong appeals to reconsider the decision to open the domestic market to foreign competition. A senior Government source said the decision was based
    665 words
  • Article
    Setting aside land for bumiputras
    252 1 HOUSING developers in Malaysia may be required to set aside 30 per cent of the land they have developed for housing or a similar percentage of houses to the state government under a scheme being considered by the state govermments. If the developers applied for
    252 words
  • Article
    Pros and cons of rupiah devaluation
    383 1  -  Jf ALVIN TAY THE DECISION of th% In- donesian government to devalue the rupiah on Nov 15,1978, was a wise one, in view of the medium and long-term considerations. But many people now think a 20 to 30 per cent devaluation would have been
    383 words
  • Article
    OTC's ambitious plans
    387 1 OVERSEAS Textile Company (1979) has mapped out an ambitious plan to modernise its textile factory and reduce its dependence on labour by twothirds. The company which purchased the plant of the debt-ridden Overseas Textiles Company belongs to the Swiss Munfur group of companies. It has already spent
    387 words
  • Article, Illustration
    Research expert returning next month
    205 1 A TOP RMMTCh Mi Devetapaaeat (BAD) expert tram HeUaai, Dr A. B. Paaaeab«rg (•bm), wtoe hM beea eahM by toe Hhgipm Own—> to help to toe Kepi bile'■ BAD pra> grumes tar toe Sto, k ■pwtoi to retora tar tartoer ItariMiiM eametlme aext msato. Dr
    205 words
  • Article
    Apollo profit at its lowest in 4 years
    420 1  -  By CATHERINE ONG IN the most ebullient year for the hotel industry in Singapore, Apollo Enterprises, owner of Apollo Hotel, has reported its lowest earnings since it became a public company four years ago. Net profit for the year ended Dec 31
    420 words
  • Article
    DBS rights issue
    83 1 THE Development Bank of Singapore (DBS) has received good response tor Its recent one-for-four rights issue at $4 per share. DBS yesterday said acceptances received amounted to 98.4 per cent, representing 33.8 million new shares of the total 34.39 million to be issued. The balance of 1.6
    83 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      0 1 .@-|=!':;/>/),%.?<-(`@%[!"($:!%
      0 words
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      Page 1 Advertisements Column 2
      134 1 ASIA RESEARCH BULLETIN <ft<4 AW This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each. There is
      134 words
    • Advertisement
      Page 1 Advertisements Column 3
      24 1 Lwfcr...pm I mazz LEISURE TIMES AIRCRAFT I, TV AND RADIO I, CROSSWORD I, WHERE TO WINE AND DINE 8 SHARES It, COMPANY NEWS 11
      24 words
    • Advertisement
      Page 1 Advertisements Column 4
      246 1 RICOH Plain paper copiers Preferred by offices worldwide CALL *****5. Wywy Private Limited Wywy House. 17 Leng Kee Road. Singapore 0315. See Heck Leek Hew Pate U '■A ABQ Ist Quarter 1980 Malaysia's investment incentives: need for change Malaysia has been quite successful in attract ing foreign investments to help
      246 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Thiam Joo goes into drum production
      438 2  -  By RONNIE LIM A SINGAPORE trading company, Thiam Joo, is cooperating with its Indonesian business associates in its first manufacturing venture in the Republic a |5 million container drum plant at Tanjoog Penjuru in Juroog. The plant represents Thiam Joo's strategy of backward integration
      438 words
    • Article
      Singapore as centre for forging trade links
      206 2 SINGAPORE is the regional centre in Southeast Alia from which trade links with the rest of the region can be effectively developed. The chairman of the Italian Institute of Foreign Trade, Dr Desert! Luigi, said Italy sees the Republic as an effective distribution
      206 words
    • Article, Illustration
      DIFFERENCE IS ENERGY SAVINGS
      134 2 A NEW lamp which can replace an Incandescent lamp iwring the existing base is being introduced by the Dutch Philips company in Singapore. Known as the SL lamp, the company said it gives comparable quality light as ordinary incandescent lamps, although It uses only 25 per
      134 words
    • Article
      Secondary schools to have new computer course
      375 2 THE Ministry of Education will introduce a new computer course in secondary schools and will re-introduce physics and chemistry as seperate subjects at "O" level next year. These measures will enai the science curriculum allow more flexibility in the teaching of science in
      375 words
    • Article
      Singapore goods for the world
      102 2 AN EXPORT seminar on "Singapore Goods (or the World" will be held at the Hyatt Regency Hotel on June 18 and 19. The seminar, organised by the West German Vogel Verlag Kg, is intended to provide participants with current marketing trends as well as up-to-date
      102 words
    • Article
      EDB support for Subconasia '80
      340 2 THE Economic Development Board has extended full support fOr the first Asian exhibition for the subcontrac ting-supporting industries and allied engineering services scheduled for Dec 8-12 in Singapore. The exhibition, Subconasia *90, will be supported by the first Asia Pacific Purchasing and Materials Manage men
      340 words
    • Article, Illustration
      GOOD OPPORTUNITIES
      202 2 THE American plastics industry views the Rubberplas '80 exhibition as presenting excellent opportunities for the industry in America and South-east Asia. "In the first place, we believe we have many important new developments to present to the plastics industry of South-east Asia new and improved materials and additives,
      202 words
    • Article
      MEMO PAD
      346 2 SEMINARS AND COURSES May 29-30: Credit Management, Century Park Sheraton, Credit Bureau Pte Ltd May 30: Report Writing, RELC, Institute of Internal Auditors Inc (Singapore Chapter) May 31: Where the Money Is and How to Get It, SIM Conference Room, SIM June 2-3: World Banking Conference, Shangri-La Hotel,
      346 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      117 2 Now big, magnificent 747s to Hong Kong at 11 am daily except Wednesdays and Saturdays. More comfort. Even higher standards of service. Totally self-contained upper First Class cabin with sleeper seats and served exclusively by two charming hostesses. In First Class there is a choice of four menus, superior French
      117 words
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  • REGIONAL
    • Article, Illustration
      Lock icon Hua's visit aimed at firming ties with Japan
      643 3 AFP CHINESE Premier and Communist Party Chairman Hua Guofeng will leave Beijing next Tuesday for an official six-day visit to Japan aimed at further strengthening China's links with its major economic partner and a pillar of its modernisation. The Chinese Premier's first
      AFP  -  643 words
    • Article, Illustration
      Lock icon Launching of China's first carrier rocket
      34 3 CHINA'S official news agency, Xinhua, released this photo on llarsday showing Beijtag's first carrier rochet being launched into the Sooth Pacific last week. AP photo. Source: AP photo
      Source: AP photo  -  34 words
    • Article
      Lock icon Japan may resume oil imports from Iran
      671 3 Agencies JAPAN may resume oil imports from Iran if other producing nations continue to seek higher prices, trade sources in Tokyo said. In March, Iran demanded a US$2.5O price hike, making its oil to the Opec's highest of $35 per barrel. Japan rejected
      Agencies  -  671 words
    • Article
      SHIPS IN PORT
      415 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Agostinho Neto (Ro/Ro) (0600 after Hoegh Opal, required starboard to) 6/7 Cherry Manis (1800 after Selamat Da tang) 28 Joo Heng (0600) 33/34 King Fish (0600) 24 Kota Harapan (0700 after Kota Singa) 10/11 Siena (0500 after Nedlloyd Waalekerk) 3/4 Tilos (reberths
      415 words
    • Article
      Lock icon US under fire for stalling tin pact talks
      242 3 Reuter MALAYSIA has critidMd the United States for stalling negotiations for the sixth International Tin Agreement. Acting Primary Industries Minister Datuk Amar Taib said the US had refused to accept the very reasonable need of all producing countries and most of the
      Reuter  -  242 words
    • Article
      Lock icon Aussie industrial relations take a critical turn
      207 3 AFP AUSTRALIA'S industrial relations have reached a critical point with a threat by the Arbitration Commission's full bench of judges to adjourn indefinitely the national wage hearing. This would postpone indefinitely and isolate the operation of wage adjustments by law which have operated
      AFP  -  207 words
    • Article
      Lock icon Philippines negotiates terms for project
      157 3 Reuter THE Philippines has begun negotiations with the three foreign groups participating in the Philippines' first copper smelter, Philippine Associated Smelter and Refining Company. The company's president Constante Ventura said the three groups are Billiton International Metals and the consortia comprising the Mitsui and Mitsubishi
      Reuter  -  157 words
    • Article
      CRA planning to make more use of Asean skills
      617 3 CONZINC Riotinto Australia Limited (CRA), a leading mining company In Australia, Is pursuing a policy of increasing domestic processing of its raw materials into semi-finished forms and subsequently move them to Asean countries for the manufacture of finished products. The company
      617 words
    • Article
      Australia-Asean council
      272 3 ASEAN and Australian businessmen will be meeting in Kuala Lumpur next month to discuss the formation of a business council. Wholly a private sector affair, the first Asean-Australia business conference on June 24 will identify the areas suitable for cooperation in trade and industry. A spokesman for the
      272 words
    • THE REGION IN BRIEF
      • Article
        SUMMIT MEETING
        392 3 THE Indian government has accepted in principle a Bangladesh proposal for a summit meeting of South Asian countries to explore regional cooperation. An Indian Foreign Office spokesman disclosed that his government was examining the agenda, timing and level of such a conference. MITSUI aid Cs said a eoaifcriMi
        392 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      556 3 BANCA NAZIONALE DEL LAVORO The onnuai report for the bonk for the year 1979 was approved at the Board of Directors meeting on April 30, 1980. In this report, the Managing Director and Chief General Manager, Prof. Alberto Ferrari, gives on overview of developments in international financial markets m the-past
      556 words
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  • RAW MATERIALS
    • Article
      Weak oversea centres cause continous decline
      227 4 IN LINE with other commodities, rubber recorded another drop this week to lose some thirteen cents on balance. According to the review of the Malaysian and Singapore rubber markets published by Hsliday, cutler aad Bath, sentiment was again affected by the continued weakness in
      227 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows In Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattsa yam: China Blue Phoenix 20b unq; 32s 2,590, 40b 2,850 (per bale of 400 lbs). Piece gsads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      SOYBEAN
      225 4 THE Chicago Board of Trade soybean futures ended US4 V« cents a bushel higher to unchanged in mainly local trade on Thursday. Prices settled near the highs of a six cent range. Local shortcovering on continued dry weather across the soybean belt paced the advance, traders said. Values also
      225 words
    • Article
      RUBBER
      355 4 THE rubber market in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 273.50 cents per kilo, down 4.50 cents from Thursday's close, dealers said. Morning prices were marked down about four cents on lower London advices and some selling despite news of the US Senate's
      355 words
    • Article
      RAS PRICES
      293 4 R.A.S. prices In cenU per kilo yesterday: Him Buyers' Int. 1 R.S.S. prompt f.o.b. 27X30 Int. 1 R.S.S. June ***** Int. 1 RAS. July 278.50 Int. 2 R.S.S. 271.00 UK/Coot 310.00 Int. 3 R S-S. m00 UK/Ooot 317.00 Int. 4R.S.S. 30.00 UK/Coot ***** Int.» KS&. 357.00 UK/Ooot *****
      293 words
    • Article
      SSR and SMR
      88 4 ■AS Jua (CvtM M th) Jl (Forwm ri Mtk) 88R20 SSR50 (1-taa pallat Mratafai •ra Bayara 364 00 266 00N 263.00N 206.00 MUM 266.00N (1-ton pallat 2(1.00 266.00N HULB Jmam 125.50N My SMRCV (l-too pallat SOJO ***** ***** 312.00 325.50N SMRL ll ta pallat 314.00N 314.00N SMR5
      88 words
    • Article
      Lock icon Thai rubber exports
      84 4 Reuter THAI rubber exports last January rose to 58,653 tonnes from 39,022 tonnes shipped in December 1979 and compared with 55,270 tonnes exported in January last year, according to figures released by the Thai Agriculture Ministry. Japan, Singapore and the US were the main buyers in January,
      Reuter  -  84 words
    • Article
      FALL IN TIN PRICE
      72 4 Straits Tin THE Straits tin price la Peaaag fell N$M per picol to $2474, to staad 129 abeve Ike literMtieaal Tli Agreemeat celling, dealers raid. lacreased «applies st tla metal tram miaers and reduced baying tram the US aad Earapeaa centre despite steadier Leadea eeadittaas last
      72 words
    • Article
      CLOSING PRICES
      40 4 Rubber: May 23 Singapore: June: 273.60 N cents (down 4.60 cents) Malaysia: Jane: 278.00 cento (down 4.00 cents) Tin: M 52,174 (down $66) (equivalent to $36.95 per kilo) (down 92 cents) Official offering: 197 tonnes (up 22 tonnes)
      40 words
    • Article
      Produce exchange
      170 4 CHINESE PrHiee Exeku|«, Hhppm, imi (Mi| prices per IN kg yesterday: OMMrt «II: Bulk fob $137.50 sellers, old drum (in second hand drum) fob $147.50 sellers, new drum fob $154.00 sellers. Copra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob Asta NLW $490.00 sellers, Sarawak white pepper
      170 words
    • Article
      WHEAT
      191 4 THE Chicago Board of Trade wheat futures ended US3 Vi cents a bushel higher to unchanged in the deferred July on Thursday. Prices finished near the lows of a 5 Vi cent range in relatively thin trade. Exporter selling and local liquidation took prices off the day's highs. But
      191 words
    • Article
      RICE
      326 4 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop I.OS, 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-Mper 0.63, Special no stock.
      326 words
    • Article
      LONDON MARKETS
      925 4 COFFEE: Robusta futures ended a quiet opening call steady mostly unchanged from Thursday's close except September which was £2 off. Sales were 387 lots boosted by around 220 lots of cross trades. Dealers said the opening performance was more or less as expected with initial gains of up
      925 words
    • Article
      PALM OIL
      121 4 THE market ruled easier yesterday in quiet trading on lack of strong buying demand and followthrough enquiry from India and Pakistan after Thursday's purchase, dealers said. In the- southern region, June and July fell to M? 890 per tonne from $900 on Thursday. The refined markets continued dull
      121 words
  • ASIAN STOCKS
    • Article
      Blue chips advance
      653 4 TOKYO THE market started out higher yesterday, but gradually weakened In the afternoon. Speculative stocks, which led the market this week, fell on profit-taking. Energy-related and shipping issues were actively traded. Blue chips, although retreated on Thursday, advanced sharply, bought by foreign investors who believe that the
      653 words
    • Article
      Lock icon Hongkong
      344 4 Source: SHK Sec THE overnight reduction of US prime to 15 tf per cent by Chase Manhattan and to 15 per cent by Chemical Bank gave the impetuous lift to the market yesterday, with prices of most blue chips posting one or two spreads gain in particular Hongkong Land
      Source: SHK Sec  -  344 words
    • Article
      Sydney
      339 4 THE market closed firm, with major industrials recovering earlier losses. dealers said. BHP rose Al5 cents to $13.50 and CSR 20 cents to 96.00. Banks were fractionally lower, with Bank of New South Wales two cents down at $2.80 and CBC of Sydney down three cents to $2, although
      339 words
    • Article
      Bangkok
      274 4 STOCK prices closed mixed yesterday as market sentiment remained weak, dealers said. Bangkok Bank fell two baht to 282, First Trust rose 1.50 to 77, Jalaprathan Cement and added one to 112 while Mah Boonkrong Drying and Silo and United Flour Mill were unchanged at 186 and 192 baht
      274 words
    • Article
      Manila
      164 4 STOCKS closed generally firmer with turnover falling to 2.5 million pesos from Thursday's 4.7 million, traders said. Baguio Gold, Basic Petroleum, Oriental B, Pioneer, BF Goodrich and San Miguel B firmed but Benguet Con B fell. Acoje Mining, Atlas Con B, Philex B, Landoil B, Phil Overseas, Podco B,
      164 words
    • Article
      Lock icon Toray sees less profits
      142 4 Reuter TORAY Industries Inc of Japan said its profit before tax and special items in the current business year ending next March 31 are likely to fall to about 23 billion yen from 32.03 billion last year due to a sharp rise in price of fuel
      Reuter  -  142 words
    • Article
      Selected indices
      50 4 FINANCIAL TIMES INDUSTRIALS Thursday.. 428.5 Wednesday 431.6 Week Ago 437.8 DOW JONE8 AVERAGE INDUSTRIALS Thursday 842.92 Wednesday 831.08 Week Ago 822.53 H.K.HANG SENG Friday WISTI Thursday 800.77 Week Ago 900.29 SYDNEY INDUSTRIALS Friday 837a) Thursday 634.20 Week Ago 831.75 ALL ORDINARIE8 Friday 890.40 Thursday 825.34 Week Ago 890.09
      50 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      163 4 Wendy Hutton's ....more than just a cookbook! Here, for the first time, is a local cookbook that fives you more than just recipes. More, too, than lots of fascinating and relevant information about Singaporean ingredfents and cooking methods. Singapore Food is unique because n puts Singapore's famed cuisine into historical
      163 words
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  • OVERSEAS
    • Article
      Lock icon Ministers to meet in event of oil supply crisis
      424 5 Reuter THE International Energy Agency has decided that energy ministers would confer at short notice in the event of a looming supply crisis. The aim of such emergency meetings would be to prevent a scramble for scarce oil by consumer countries
      Reuter  -  424 words
    • Article
      Lock icon Development of energy necessary to support growth
      257 5 Reuter ECONOMIC growth of 3 per cent a year over the next 20 years Is possible if governments support energy development, British Petroleum Co Ltd deputy chairman Christopher Lakflaw said. In a speech to the second European Oil and Gas Conference in Amsterdam,
      Reuter  -  257 words
    • Article
      Lock icon No prospect of early exchange integration
      169 5 Reuter BRITISH stock exchange chairman Nicholas Goodison told a City of London conference in Athens there is no prospect of early radical success in integrating European stock exchanges. He said stock market authorities in Britain and some other countries would find integration with other
      Reuter  -  169 words
    • Article, Illustration
      Lock icon Egyptians in favour of Sadat remaining president for life
      405 5 UPI EGYPTIANS approved almost ■■■alminsly la a Mp ttoaal refereadam sa Tharaday inasHlnflsasl ameadrneats paving the way far Mr Anwar Sadat (mktve) to remala ftrsldrat far Ufe a rwssnadlag vote *f esafldeaee la lis paHdee. TV) rix smeadiaeats also provides that
      UPI  -  405 words
    • WORLD IN BRIEF
      • Article
        Lock icon CALL FOR SUPPORT
        468 5 Agencies THE Soviet Union has issued a high-level call for other communist parties to (all into line in supporting its foreign policy or be regarded as enemies. The Communist Party newspaper Pravda carried an article signed by "I Alexandrov" saying, "There is no third way for representatives
        Agencies  -  468 words
    • Article
      Lock icon Iran central bank restricts opening of letters of credit
      611 5 Reuter AP THE CENTRAL bank of Iran has asked Iranian commercial banks not to open letters of credit with any bank in a country Imposing sanctions until the scope of the sanctions is clear, sources said. European Economic Community (EEC) members
      Reuter; AP  -  611 words
    • Article
      Lock icon Italy, Japan in the lead
      477 5 AP AFP ITALY and Japan last year had the highest growth in manufacturing productivity among seven major industrialised nations. Their productivity rates rose 8.7 per cent and 8.3 per cent, respectively. France was third, with a 5.4 per cent rise, followed West by Germany 5.2
      AP; AFP  -  477 words
    • Article
      Lock icon Reagan is busy selecting his running mate
      253 5 AFP AMERICAN Republican Presidential candidate Ronald Reagan, his party's nomination assured, is now busy with the selection of his candidate (or vicepresident who may end up being his latest rival George Bush. Political observers said Mr Reagan's choice will have a profound effect
      AFP  -  253 words
    • Article
      Lock icon Foreign official assets in America fall US$7.7b
      250 5 AP FOREIGN government assets in the United States fell US$7.7 billion in the first quarter of this year, as foreign countries sold dollars on international monetary markets to support their currencies. A US Commerce Department report says the drop followed a decrease in
      AP  -  250 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      711 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 FT75 0700 KUL FT 0710 JFK/ORD/ANC/TPE SIA/BA SQBA17 0800 LHR/BAH SIA 0815 KUL MAS 0835 PEN MAS MH671 0930 PEN/KUL SIA SQZU 1000 HLP CAL CI814 1000 HLP CPA CX710 1005 HLP SIA SQ103 1015 KUL GIA GA980
      711 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      351 5 How much do you see when you look at this etching? J K i J TV Mrtr*fmS*mm Mmtrmm (Jt AH. W I'm*, Vr< If Mm<> The Time Life LttHwy Of Art ftac/i 6ooAc measures 9 x 12 inches (23 x 31 cm). Hard cover, ivilh 188 pages. More than 140
      351 words
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  • Article
    Avoid projecting wrong image
    429 6 THE Ministry of Trade and Industry has closed its files on appeals by local manufacturers against the recent cuts in tariffs on tyre and battery imports. The manufacturers were pleading that without protection, their businesses would be swamped by foreign competition. But the Government pointed out
    429 words
  • Article
    Case for releasing MRT report
    312 6 THAT A report on the third-stage study of the Mass Rapid Transit (MRT) project may be published in a few months at once raises hopes that more news will be forthcoming as well as engender a feeling of resignation that the report will be an
    312 words
  • Article, Illustration
    Lock icon Taiwan surplus a cause for worry
    1229 6  -  POSSIBLE PROTESTS FROM PARTNERS Taiwan's exports to Western Europe for the first four months of this year soared 57 per cent to hit the US$l billion mark, while imports from that area rose 31 per cent to $641 million. The resulting surplus was more
    Reuter  -  1,229 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1290 6 'T.VftWWDTO Albert Finney movie he vMe mm 3 *mi Bakklm, tat la i the dim m well. Ike plat la qalte taltaiawhrrflr. Lam Gnat msiHss mmt ll.ftp*. This faa ud laagkter at A prstattl— premises ta an- II.M ma. SINGAPORE 5 12.45 PM Opening Mowed by Sesame Street 1.45 Saturday
      1,290 words
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  • Article, Illustration
    Stamps as a hedge against inflation
    1207 7  -  A year or so ago, the world of philately was hit by investment mania, with ridiculous prices being paid at auctions for stamps that were often mediocre. In the last six months, there has been a downturn. But a huge stamp exhibition in London,
    1,207 words
  • Article
    Moves aimed at helping to solve a drinking problem
    895 7  -  Whether or not you can buy an alcoholic drink in India depends at any given time on which state you are in, whether you are a foreigner and what day of the month or week it is. But individual states are
    895 words
  • Article
    Lock icon Who runs the foreign policy of America?
    902 7  -  [FORUM with CRAIG WHITNEY NYT "WHO RUNS the foreign policy of the United States?" This question, a headline in Pravda last week, has been asked in Moscow since the early days of the Carter Administration. For too long, as the Russians see it,
    NYT  -  902 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      143 7 TiU B oivr v \VH \n >N \V sr 'mz K. v l-'.v 3 i JM t j CO 0 h« K** be 1 Ml*"**'* r< o< Ci,U »«»>•» t*» rtfl^ co 9 Vietnam"* '•Jj in«» b M, f rt «rwav 1 te9,c "1 «t T ha Boat PaoP' uncert
      143 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        174 8 MAY 22 Fla ABN 283.00 •3 Ahold M 00 -0.5 Akso 23J0 unch AMEV 97.40 -0.4 Am (as 105 00 •2 Amro Bank #1 80 -05 Berfosi 38 00 unch Berk 100 00 -05 Bo Is 59 50 -1.7 Borsumij 187 00 -3 Burhmann 63 50xd -12 Byenkorf 58
        174 words
      • Article
        Paris
        281 8 MAY 22 Frs CORBEILLE Air-Liquid* MO 3 B S N Gervais Danonc 980 -2 CSF (ThomsonC*f> 485 -7 CI* Francalse des Petroles 254 10 81 Comp^gnie Financier* Compagme 383 7.1 General* Credit Foncier De France 430 50 0.5 Hachette (Librairi*) 25) 50 Machines Bull 61 20 0J Michrlin (B)
        281 words
      • Article
        Brussels
        95 8 MAY 22 Frs L FORWARD MARKET r Acec 282 unch Arbed imo -80 Aslur 461 1 Bravrtn M2 14 Bru-Lamb 1308 Canpac 978 10 Cock 272 -J D* Beers 270 -2 Ebes IMS 40 Electrobel 5770 -10 Ob-Inno-Bm 2380 so Oev 1086 unch Hobok 2545 •IS Petro 5060 unch
        95 words
      • Article
        Frankfurt
        210 8 MAY 22 Dm J Aet-Tele(un*en WOO AHo 21 JO -01 Allz Leben no oo Allz Vers 379 00 unch BASF ***** 0-8 Bay H T WDank 219.30 05 Bay Vbank M900B Bayer 122 30B 1 BBC' 297.50 -0* BMW 1(4.00 ♦03 Caasella MOO* unch Chem Verw ***** 05 Commertbank
        210 words
      • Article
        Zurich
        190 8 MAY 22 Francs Action* Suisaes 2M 2 Alusulsse Br. 1140 IS Alusulsse Reg 450 unch Brown Boverl Br 1800 20 Clba Qeigy Br. 108& -1 Clba Geigy PC MS 20 Clba Oelfy R «J MS -S Credit Suisse Br 2140 4| Credit Suisse Reg 386 unch Elektrowatt Br. 2280
        190 words
      • Article
        Milan
        105 8 MAY 22 Lire Anie -0.1 Auoc Oen ***** -sso Butogi MB SO -ss Central* 9*06 •us Plat 17SS -40 Flnalder 7X25 -0 75 Gen Immob ei 1 in Pri 2396 -38 llalremenll ***** -400 1 taigas •no unch ltaliider 322 50 •J Magnet! M Pf 565 20 Marelli Ere
        105 words
      • Article
        TORONTO
        185 8 MAY 22 Cf Abtubl 19 unch A lean 30 Algoma 28 Bank Mont 26 Bank Nova Scotia 21 Bell Tel 20 Beth Cocp BP Can Ltd Z 40 unch Braacari 26 1'. Camp Red Lake sr. 'i Can Imp Bk x unch Canpac Canpac Inv Pf unch Carlln* O'Keefe
        185 words
      • Article
        JOHANNESBURG
        314 8 MAY 22 Rand 1NDU8TMALS A Alpha V 306 -3 Abercom 292 >2 AE And CI 735 15 AM1C 2325 -25 Barlows 1035 •5 C( Sugar 1000 unch CNA 435 unch Currw Finance 190 10 De Beers Ind hdron S20B -5 Ed can 6200B nnch Eveready Fed Volk 400 -5
        314 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      683 8 `!\:}.<\..[^*@!/!);[-[*)`_;_"(^ Where to wine, dine and entertain Noodles, mien or mee? It'- the same. No matter what you call it. The difference is the way our chefs serve up t<; you. Whether it s fried, dry. or in a soup. Whether it's Hokkien-style. Cantonese-style, or local-style. You'll like the w
      683 words
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      Page 8 Advertisements Column 2
      212 8 The American Express Card serves you well wherever great food is served 4 T r r> W.i. w > f*S I r 3 ODLfLL) n m \sI oS S4r«»Ill l ll IX Kl I.IVHIIi •5 f V I > ti* Ronnie CTrio Robin's Tavern. The place to g®. after work.
      212 words
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  • BANKING AND FINANCE
    • Article
      Singapore market
      508 9 THE U.S. dollar drifted sharply lower yesterday. Trading remained quiet, with the pound and the yen gaining the widest margin against the American currency. From an opening 223.50/80 yen, the dollar fell rapidly to 222.20/40 by the Tokyo close. London's entry saw the dollar dropping further to 221.70/80,
      508 words
    • Article
      PLR
      22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 12.1 per cent.
      22 words
    • Article
      GOLD
      271 9 IN THE Singapore gold market yesterday, gold futures closed marginally higher compared with overnight levels after fluctuating narrowly throughout in thin trading, dealers said. Total sales for the day was recorded at 129 lots and kerb volume at eight lots with interest centred on August and October contracts, they
      271 words
    • Article
      ASIAN $
      182 9 ASIAN ASIAN currency deposit Interbank rates as at close on May 23: UIMMM Off.r IB 7 days 8* 8H 1 month 91/16 815/16 2 months 9W 9H 3 months 9V« 9H 6 months 9 1 9* 9 months 9% 9V« 12 months 918/16 913/16 8w.Fr*. Das. IMUiL Mm.) 1 month
      182 words
    • Article
      Discount
      6 9 ■i"ivivi Source: National Discount Co
      6 words
    • Article
      TOKYO
      151 9 THE U.S. dollar (or overnight delivery closed weaker at 223.30 yen yesterday, compared with a 223.50 opening and 224.06 at Thursday's close, despite strong central bank dollar-support intervention, dealers said. Trading was heavy but nervous with volume $1.27 billion. The Bank of Japan bought an estimated 1500 to 1600
      151 words
    • Article
      Treasury bill tender
      86 9 RESULTS of tender held on May 23 for 91-day Treasury bills issued from May 26 to May 30. Offered: $60,000,000 AppM tar: $257,500,000 Allettod: <60,000,000 Accepted Mds: $96.22 and approximately 19 per cent higher bids in full. Average mis d dbeeaat ea aUetmeat: 7.105 per cent per
      86 words
    • Article
      LONDON
      280 9 THE U.S. dollar opened slightly easier yesterday compared with late Hongkong levels, but trading was restrained and reaction to the easing of US credit policies muted, dealers said. The approach of the long holiday weekend, which applies in the US and Europe, made for quiet trading while operators were
      280 words
    • Article
      Hongkong
      192 9 THE U.S. dollar ended yesterday off its lows after substantial intervention, probably from the US Federal Reserve Board, against the mark, dealers said. The intervention helped the dollar recover to 1.7837/ 47 marks after a low of 1.7805/15. Before then the dollar had slid from an early 1.7855/62 marks
      192 words
    • Article
      Principles of exposure management practices
      230 9 THE OBJECTIVE in exposure management is to assure protection from foreign currency fluctuations at the least possible cost. Speaking at the second AMR International Euromoney annual conference on "Managing Foreign Exchange Risk", Mr Sun-Sun Chan, vice-president of the global treasury of American Express International Banking
      230 words
    • Article
      FIRMER TONE OF YEN
      197 9 THE YEN has appreciated to a 226 to 230 level against the US dollar recently compared with a 251 trading point in early April, said the Manufacturers Hanover Trust's (MHT) latest foreign currency review. Its firmer tone is due to the softening of US interest rates
      197 words
    • Article
      Falling rates bolster stocks
      1209 9 NEW YORK FALLING interest rates helped send the New York stock market on Thursday broadly higher with strength in drug, computer, railroad, container leasing and aerospace issues. The Dow Jones industrial average pulled back slightly near the close to finish about 11 points higher, compared with
      1,209 words
    • Article
      CONGRESS BACKS AID PACKAGE
      208 9 LEGISLATION promising US$3.6 billion to the world development banks won final congressional approval on Thursday and headed to the White House for President Carter's signature. Mr Carter had requested a $4 billion contribution, but he later asked Congress to pass the bill containing the lesser amount,
      208 words
    • Article
      Lock icon Thais lower discount rate
      90 9 AFP THE BANK OF Thailand, moving to match declining interest rates abroad, has eat Its dlsceant rate (ram 14 per eeat te 1 J. 5 per eeat. At the same time, the central haak redneed the Interest charged sa commercial hanks' borrowings heyoad "the second tier,"
      AFP  -  90 words
    • Article
      Lock icon Syndicated loan quota for Tokyo
      294 9 Reuter UPI JAPANESE banks expect to be allowed to make participations totalling US$4 billion in international syndicated loans during first half fiscal 1980, banking sources said. The Finance Ministry has told 26 banks they will be given individual quotas totalling $2 billion for net increases
      Reuter; UPI  -  294 words
    • Article
      Opportunities in South-east Asia
      742 9 ABOUT 100 American businessmen attended a one-day seminar on exploring business opportunities in Southeast Asia at the US Commerce Department this week. The sessions included participation of representatives from several major financial Institutions that are playing important roles in Asia's agricultural and industrial development the World
      742 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      120 9 pi s i <>*) •ORE'S ST 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: Hovy It Works Buying a Used Car: Beware of Bargains When and How to Sell Your Car Looking After
      120 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1664 10 BID and offer prices officially UMd and business in and re•parted to the Stock Exchange of Singapore yesterday with tba number of shares traded fhown in brackets in lots of .1,000 units, unless otherwise Specified. t. SECTION ONE > INDUSTRIAL A •>'
    1,664 words
  • Article
    Unit trusts
    168 10 SINGAPORE UNIT 1BUR ,Ma-J2?22Eta?iL M A (Manager** prices kr May M) (ll«"|«r im Mr M*y M A The fnnmupf 111 Slid Tl* Savings Fund l.tt 1 M Union Spore Fund 0.MV* 1.04 H S pore Prog Fund 116 LB BOMB BOND OMR S pore 9ec. Fund 1* 101
    168 words
  • Article
    SHARE INFORMATION SERVICE
    2777 10 1980 <tt«li Low Coapuy Laat Sale orGr'a Div Div CVr Gr'a Yld Net P/E Vol (•OOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 .223 149 :> to .200 400* 226 342 610 272 ioe 900 -575 J" 108 151 J 585 245 220 110 140 270
    2,777 words
  • Article
    In Kuala Lumpur
    1845 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in ■lots of 1,000 units, unless otherwise specified. INDUSTRIALS IfrmHi (MBS) (1) IX Aiaaai (2.175) (3) 21« xd Alas M
    1,845 words
  • Article, Illustration
    Prices rise across a broad front
    732 10 THE BULLS remained la ceatrel at the Stagapere stack market yesterday aad share-prices posted creditable galas acrMs a bread treat Analyst* were geaerally mare epttmlatic la their views aad fareeaat a sastalaed rise la the equity market Wltk interest rates expected ta eaae farther
    732 words
  • Article
    KL steadiness continues
    458 10 SHARE prices continued to rule steady in fairly active trading on the Kuala Lumpur stock market yesterday. Selected heavyweights again saw some aggressive buying and closed with significant gains. Traders also showed better interest in the general market. At the close of trading, gains outnumbered losses by
    458 words
  • Article
    COMPANY MEETINGS
    46 10 Qvtrm CMmk Buktag CwpwattM Ltd: EOGM to be held at 19th Floor, OCBC Centre, Chulia Street, Singapore, at 12 noon on May 24. Keaaag Tli (M) BM: AGM to be held at 81-C, Jalan Bukit Bin tang, Kuala Lumpur, at 11am on May 26.
    46 words
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  • COMPANY NEWS
    • Article, Illustration
      Sembawang Shipyard remains optimistic
      754 11  -  By TOH SU FEN GOVERNMENT-owned Sembawang Shipyard has once again maintained its vitality despite the trying world conditions. The slight easing of demand for drydocks towards the end of last year has not deterred Sembawang tram looking ahead with confidence. The chairman, Mr Lee Ek Tleng,
      754 words
    • Article
      Lock icon Kuala Langat tin deal
      186 11 Reuter AN AGREEMENT between Malaysia Mining Corp Bhd (MMC) and the Selangor state government's mining company for the development of the large Kuala Langat alluvial tin deposit is due to be signed in Kuala Lumpur on June 21, mining industry sources said. They said the long-delay-ed
      Reuter  -  186 words
    • Article
      DIVIDENDS ANNOUNCED
      691 11 Carraat Payaaat Bx Data Booka Cloaa Date PayaMa Total for Total for the year Praviooa yaar Bata DukylM OUT Saayo Daalop lad Koliw Mala SKA Corp Tractor* (M) G Kaat OCBC Slaio Darby PadCablaa Glaaaaly UMWorka B Rara cic Nat Iroa 8**111 Shipyard MalakofT M Cable* St Trad
      691 words
    • Article
      SCRIP ISSUE
      158 11 Company Particular* Ex Date Books Close TTut Boustaad Utd Plant MipWi Corp M«U#ita SPTetttle Bolton Sanyo lad St Tradiaf SteLte Bonus Issue of 1 for 4 Bonus Issue of 1 for 3 Bonus Issue of 1 for 10 Bonus Issue of 1 for 2 Bonus Issue of 1
      158 words
    • Article
      NST move
      180 11 THE NEW Straits Times Press (Malaysia) (NOT) Is to acquire MDBsa Management 84a Bhd (MM), a company Involved la lotting warehoase space, for $3.4 million ensh. NOT said la a statement that ft expects to heaeflt tram MM's ownership sf a warehoase tor storage of the company's mala
      180 words
    • Article
      Favourable decision for MBF
      478 11 MALAYSIA Borneo Finance (MBF), a subsidiary of Pacific Development Credit (PDC), has moved a step closer towards solving its problems with Choo Kim San and others. The Hongkong High Court has appointed a receiver for 15 million San Imperial Corporation shares which beneficially belonged to Choo
      478 words
    • Article
      COMPANY BRIEFS
      79 11 AT the annual general meeting of the Mistrial and Commercial Baak, approval was given to the directors to issue shares in the company at any time at their discretion, provided the aggregate number of shares does not exceed 10 per cent of the company's issued share capital. BOLTON
      79 words
    • Article
      Big puzzles for the small shareholder
      983 11  -  Letter to the Editor Helpless Shareholders Dear Star, I refer to your article "Three resign from Malayan Credit Board" in the Business Times on May 19, 1960, and a similar write-up entitled "More puzzling changes at Malayan Credit" which appeared in the Saturday edition
      983 words
    • LATEST RESULTS
      • Article
        Lock icon SINGAPORE Land Ltd:
        150 11 Reuter Unaudited group pre-tax profit of $3.08 million ($2.60 million) for the six months ended Feb 29. Parent company pre-tax profit came to $910,962 ($124.656); group rental income, $4.51 million ($4.49 million); and interest earned, $971,692 ($225,087). Singapore Land said increased interest earned from the balance of
        Reuter  -  150 words
    • Article, Illustration
      Lock icon Appalled by Apollo
      473 11 'umi'3 SJ(D®CL^ HOCK LOCK SIEW AS FOREWARNED, Apollo Enterprises has failed to shine. Avid readers of this column will recall our statement last October that "it is difficult by even a long stretch of the imagination to visualise the company improving on 1978's pre-tax profit of $4.35
      HOCK LOCK SIEW  -  473 words
    • Article
      RESULTS DUE
      185 11 Cempeay Date IM it Fill Yn r PaHiJ rfnOfl i—wei Net EPS OfM Pre-tax last year <«**»> Dtv. Prefit A Choc (UN) F 17/4 9.7 3.0TE 2,413 Oriental Hldgs F 30/4 24.7 5.8ft 19,888 GIHldgs F 12/5 21/5 35.0 2,039 P Electric F 12/5 11.5 10.0 6,101 K
      185 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      43 11 M$ 4.5 Million Term Loon MERLIN INN JOHOR BAHRU SENDIRIAN BERHAD Arranged By THE PACIFIC BANK BERHAD Funds Provided By OVERSEA-CHINESE BANKING CORPORATION LIMITED THE PACIFIC BANK BERHAD Agent 833 BANK (This announcement appears as a matter of record only) 18th May 1980
      43 words
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  • Article
    Protection of investors' patent rights
    486 12 SINGAPORE must assure potential investors of adequate patent protection if a pharmaceutical industry is built up. This point was made by the president of the Singapore Association of Pharmaceutical Industries, Mr Koh Choon Hui, at the association's annual dinner last night at the ShangriLa Hotel.
    486 words
  • Article
    Special unit to handle reservist matters
    272 12 THE MINISTRY of Defence has set up a unit to handle the allocation, course planning, promotion and upgrading of reservists. The unit will also take care of matters relating to deferment and disruption of service. -Mr Gob Chok Tong, the Minister for Trade and
    272 words
  • Article
    New president appointed
    134 12 MALAYSIAN High Court judge Datuk Harun Hashim has been appointed the new Industrial Court president from June 1. His appointment an upgrading of the status of the Industrial Court by the Tang di-Pertuan was announced yesterday by Labour and Manpower Minister Datuk Richard Ho. Datuk Ho expressed
    134 words
  • Article
    LONDON STOCKS
    813 12 LONDON, Fri. Government bonds closed firm while equities. generally drifted lower, dealers said. At 3.00 pm the Financial Times index was down 3.2 at 423.3. The strength of sterling and the continuing downward trend in US prime rates prompted strong buying interest in government bonds, particularly at the
    813 words
  • Article
    Time ripe for an automatic cheque clearing system
    300 12 THE time is right for banks to set up an automated cheque clearing system, a study of the Association of Banks in Singapore indicates. 'The ABS, which has completed a study of the proposed automated cheque clearing system, will submit a report
    300 words
  • Article, Illustration
    Lock icon March by protesters
    413 12 UPI Reuter ANTI-GOVERNMENT demonstrators demanding an end to martial law marched through the battered provincial capital of Kwangju yesterday, endangering an uneasy truce between well-armed citizens and army troops, reports reaching Seoul aid. The demonstrators said they were on a "peaceful" march to prove they are not
    UPI; Reuter; Source: AP photo  -  413 words
  • Article
    Lock icon Survey on the metalworker
    347 12 AP AN AVERAGE metalworker in Sweden must work at least 40 times as long as his counterpart in Singapore to pay his taxes, according to a survey published by the International Metalworkers Federation in Geneva. The survey is a comparison of the working time required in
    AP  -  347 words
  • Article
    Lock icon Board eases restrictions on credit
    379 12 Reuter THE Federal Reserve Board, America's central bank, yesterday eased restraints on credit which it imposed last March to try to combat inflation. President Carter immediately praised the action, which will make it easier to borrow money. He said a consumer borrowing spree which contributed
    Reuter  -  379 words
  • Article
    Oil price may double in five years
    361 12 PETROLEUM prices may nearly double again by 1985, costing consumers US$l42 billion. The report by the US congressional budget office also said the reliance of the US on imports is so great that there may be no economically sound way to achieve energy
    361 words
  • Article
    Lock icon Malaysia steps up coastal patrols
    240 12 AFP MALAYSIA'S customs department is stepping up its sea patrols in its coastal waters to keep a tight check on unauthorised vessels entering the country. A spokesman of the Royal Customs and Excise Department said yesterday in view of the developments in the region, there
    AFP  -  240 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      329 12 The LIFE Library Of Photography helps you to see great picture possibilities all around you... f, K> •isr N The Life Library Of Photography Each volume measures 70'/* 70'/* inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages. Approximately 300 illustrations, many in full colour.
      329 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      71 12 11 Outlook for Singapore from 6 a.m. to 1 p.m. today: Fair at first then becoming showers in a few places around midday. Re part for 24 hoars prior to 7.39 p.m. on May 23 at the airport. Maximum temperature 33.4 Associated humidity 67 Minimum temperature 26.3 Associated humidity 96
      71 words
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  • LEISURE TIMES
    • Article, Illustration
      Lock icon SPLASHING SMASHERS
      269 13  -  LINDA CHEE DIVA bi niteeed thia year with litter impreaalve parade af swlmeaita galeae, this time at Ike regal Geedweed Park Betel's Carltea Hal. Hit iijii ulitlei aw I meal la aad ee-erdlaatea will be ea skew at the 45-miaate preeeatattea af Dtva'» ■emmer eeUecttea ef tttOlatlag twe-pleeee,
      Photos: By GIAN BEE YOON  -  269 words
    • Article, Illustration
      CHEERS ... CHAMPS
      366 13 CHEERS CHAMPS WINNERS of the 1979 Young Designers Awards will be presenting their collections at the Chinatown Restaurant of the Oberoi Imperial Hotel from May 29 to 31. David Chan, Sylvia Lian and Benjamin Tay will present 48 creations especially designed for the show. The winner of the golden thimble,
      366 words
    • Article, Illustration
      Scandinavian dream ... A WINTER'S TALE
      2398 14  - Scandinavian dream A WINTER'S TALE DEBTIMTIOI 1 DESTINATION By LAWRENCE TAN PAYA LEBAR. Seven pm. The air is chilly on the runway and the nerves tingle with Just the vaguest sense of peril, of coming nearly to grips with the bare facts of existence. The airport at night. Reality stripped
      2,398 words
    • Article
      JUST A REMINDER!
      85 14 THIS IS reminder that the Scandinavian Festival at the Shangri-La Hotel is ending. In fact, yen have only two days left today and tomorrow. The festival is brought to yon by the Shangri-La Hotel, the Scandinavian Airlines and the Danish, Norwegian and Swedish Embassies. Visitors to the
      85 words
    • Article, Illustration
      Feels and looks immaculate
      1380 15 ■OTOBllg with "Hermes BEFORE I start off with the usual literature on the test car, allow me to narrate a little episode which just about sums up what BMW cars are all about. I had a few visitors from Taipeh last week and they wanted to
      1,380 words
    • Article
      Gathering of gypsies
      459 15 THE LITTLE Mediterranean town of Les Saintes Maries De La Mer becomes the temporary gypsy capital of the world this weekend. Some 15,000 gypsies come from all over Europe to pay homage to their patron saint, St. Sarah. Thousands of "gadje", or non-gypsies, will crowd the town
      459 words
    • Article
      Lock icon Bid to extend the Olympic deadline
      1028 16 Agencies UNITED STATES diplomats around the world were expected to be lobbying hard yesterday in a final effort to extend the boycott of the Moscow Summer Olympics, for which entries must be submitted by today. According to a list issued by the state Department
      Agencies  -  1,028 words
    • Article
      How wide is your vocabulary?
      302 16 THE SCRABBLE Championship is here again for yet another round of fun. For the third year running, Serabble^ enthusiasts can gather together to crack their brains and at the same time improve their vocabulary. Organised by Hotel Mandarin, the Mandarin Singapore Scrabble Championship *80 is
      302 words
    • Article
      Lock icon Sharing her heartaches
      274 16 VC THE ONE lady who has won our hearts over in the current Cantonese serial, 'Chamelon', must surely be Ah Mui. Her tolerance and hope for the man she loves is admirable. She has accepted the role of the unrequited lover in several other serials. But, in
      VC  -  274 words
    • Article
      YOUR WEEKEND SPORTS
      412 16 GOLF: There is a Junior Tournament at the Island course of the Singapore Island Country club this morning. In the afternoon, the finals of the SICC Club Championships will be competed at the New course. Chang Rae Lean will meet Gerald Loong in an interesting final. The
      412 words
    • Article, Illustration
      Last chance for all
      793 16  -  mm By RONALD KOW SINGAPORE, this is your last chance. You better come up with a doubledigit score (in your favour, of course) when you play against Federal Territory at the National Stadium tonight. Your once-upon-a-time loyal supporters will probably contemplate cutting your throats if you
      793 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      78 13 3^KAKI^) Tafc *****4/*****4 RS ***** A/B RAKICOR rubbed, herbs. CaMc: "RAKICORP" seeds,TOOtS, apices F«,o.v pulses. CaMc "RAKICOR wlinq Muurltl Estate Malay ua Tel: ***** Manufacturer, OCORF- Johoft Bahru miller and stocl A winter's tale in Scandinavia 11, 111, cantraspraad The BMW 316 a bit too ordinary for $40,000 111 Proposal
      78 words
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      Page 13 Advertisements Column 2
      2 13 a ""^TT
      2 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      779 13 E WHAT&IVHERE J RECITALS SSO's E—l— concert continues tonight. At the Conference Hall at 8,15pm. VIOLIN recital by Ym Yasnkraoka, accompanied by Cheaag Mu Chit on the piano, on Friday, May 30. At 8.30pm, at the DBS auditorium. AN ITALIAN duo EHsahetta Majero (MpnuM) and GiaUaaa Balestra (guitar) will entertain
      779 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      427 14 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1980-81 (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
      427 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      59 15 V indispensable reference books Ik for the 1 businessman M comprehensive information on companies' profile, including management personnel details. Updated introduction to people who matter in business and government. K s** m f v Robinson's Bookshop The most authoritative compilation on the offshore industry. Detailed index with history of management
      59 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      349 16 I^MtfSewuunensiMT I'uTaccountancy [training r STUDY with the EMILE WOOLF COLLEGE OF ACCOUNTANCY, London for the Associetion of Certified Accountants Examinations. The Emile Woolf College of Accountancy has since its establishment, gained the reputation as LEADERS in the field of Accountancy education. The consistent high rate of examination successes of Emile
      349 words
    • Advertisement
      Page 16 Advertisements Column 2
      163 16 vu THE <0«* **o. SOME say it with flowers, wme with gifts. Hew about ft basket ef feed? It is, after all, the thought that matters. Gourmet Baskets Pte Ltd, a newly farmed company which premises to deliver a wide variety of feed hampers to year heme, suggests a gourmet
      163 words