The Business Times, 2 August 1980
1980-08-02
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The Business Times
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Title Section11 1980-08-02 1 BUSINESS TIMES M.rjp) No. 111/1/81 SATURDAY, AUGUST 2,1« M 50 CENTS11 words
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BRIEFLY...
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Article79 1980-08-02 1 Reuter KUALA LUMPUR, Fri. Malaysia has reduced its daily output of crude oil from 300,000 to 280,000 barrels under an oil depletion policy introduced three months ago and plans to reduce it further, Petronas managing director Rastam Hadi said. Production is expected to be reduced toReuter - 79 words
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Article94 1980-08-02 1 AFP JAKARTA, Fri. The Indonesian government will issue special multiple return visas to foreigners working on Batam island, south of Singapore, which will be valid only for Batam and not for any other Indonesian territory, Antara news agency quoted Immigration Director-General Nichlany in Batam today. The visasAFP - 94 words
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Article89 1980-08-02 1 AFP PLAINS (Georgia), Fri. Billy Carter today retracted his declaration yesterday that he had never received State Department telegrams dealing with his visit to Libya in 1978 and admitted that he had been given at least one cable, apparently by "someone" in the White House. President Carter'sAFP - 89 words
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Article48 1980-08-02 1 AP NEW DELHI, Fri. In a far-reaching decision, India's Supreme Court has struck down several constitutional amendments which had armed Parliament with sweeping powers. In a four-to-one majority judgement, the Supreme Court yesterday ruled that the amendments demolished the democratic basis of the constitution. APAP - 48 words
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Article62 1980-08-02 1 Reuter HONGKONG, Fri. The Commissioner of Securities has proposed that employees and directors of corporations related to licenced banks and registered deposit taking companies should now be eligible for full and associate membership of the new unified Stock Exchange of Hongkong. As originally drafted, the bill providingReuter - 62 words
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Article54 1980-08-02 1 Reuter TOKYO, Fri. The US ambassador to Japan, Mr Mike Mansfield today expressed satisfaction with the Japanese government's determination to boost defence spending next year. The Japanese cabinet, discussing guidelines for the fiscal 1981 budget, agreed to increase defence spending by 9.7 per cent over this year's budgetReuter - 54 words
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Article70 1980-08-02 1 AP NEW YORK, Fri. Stock prices rose in early trading as ths US government reported only a small rise in the unemployment rate in July and an increase in the number of Americans with jobs during the month. The Dow Jones average of 90 industrial issues rose 0.52AP - 70 words
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Article137 1980-08-02 1 Rises Malavaa Tin Malakoff C K Tuf City Dav B«rjuUi f IN U O B GlilMII CsrUberg Msiaa Ctainera 4700 400 280 281 1080 780 444 786 810 4M 400 28 20 13 10 10 +8 +5 +5 +4 Falls E L Keponf PMC OlyapJ* DBS Gutkrie137 words
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Article, Illustration143 1980-08-02 1 Falls Sg Besi 1200 -300 Castlefield 2750 -50 Tractors 880 -45 KL Kepong 510 -40 P Textile 172 -32 C Sugars 900 -30 MU Ind 1310 -30 A Hitam (T) 1440 -30 Magnum 1070 -20 OCBC 1250 -20 U Cables 530 -15 Wearnes 286 -12 Olympia 151 -10143 words
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Article699 1980-08-02 1 FOO CHOY PENG - building market complex By FOO CHOY PENG INTRACO has been awarded a $40 million contract to build a market complex in Sri Lanka. Industry sources said the government-backed international trading company yesterday signed the contract with Sri Lankan Urban Development Authority. The contract was699 words
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246 1980-08-02 1 AS part of a marketing strategy to cushion any drop in demand arising from the Government raising the registration fee for light goods vehicles, a motor dealer has decided to bear half of the extra burden for customers. Motor and Leasing (M A L), distributor246 words
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Article512 1980-08-02 1 LINDA CHEE - By LINDA CHEE A LEAPING local tug and barge operator, Cbuan Hnp Marine, has bflfliM* Transworld Marine aI a going concern for abotit 96.4 million. Transworld is one of the last few assets of the nowliquidated Imperial Securities International currently placed under the receivership of Turquands,512 words
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Article244 1980-08-02 1 ASEAN has again proposed the establishment of demilitarised zones (DMZ) in Kampuchea under the supervision of the United Nations to facilitate the flow of aid to Kampuchean refugees. Asean foreign ministers issued a statement at the close of their extended three-day meeting in Manila yesterday, emphasising Thailand's244 words
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224 1980-08-02 1 THE FIRBT Depaty Prime Minister, DrM Keag Bwee, kM heea appelated ehabmu ef the Maaetejf Aathertty ef Sbagapere (MAS) aad the Baard ef Ciwirii sleaers ef Carreaey, Stagapere (BOCB). A statement (rem the Prime Mhristert Office yesterday mU, If», whet he was224 words
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429 1980-08-02 1 AGNES WEE - By AGNES WEE FORTY of the expected 50 participants in an executive development programme organised by the National Productivity Board and the National Productivity Association will get grants of (1,300 each from the Skills Development Council (SDC). The 40 participants to receive the awards429 words
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Page 1 Advertisements
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Advertisement42 1980-08-02 1 Raid Corporation For all type* of Culinary (Oriental Rakl Corporation i?oiMd°wha!2 Tel: *****4 *****4 Telex: RS ***** A/B RAKICOR nibbed. herb*. Cable: RAKICORP" MCdl.roott, Spice* F*ctof> and pulses. MaisUinfl Industrial Estate Malaysia Tel: ***** Manufacturer. CaMc: "RAKICORP" Johore Batuu miller and stockists.42 words
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Advertisement204 1980-08-02 1 WT POINTS TO MAJOR Z7T<TCI77TT STOCKS UP 10 AND 14 TIMES ORIGINAL COST SIGNAL BROAD REBOUND Anybodv who still fails to see a major industrial rebound coming in the United States and then throughout the West need only consider what Capital Gains Research clients have been achieving in areas where204 words
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Advertisement32 1980-08-02 1 FOREIGN investment la Thailand tells 5harp1y...................... I OPEC reaches sat to ndrd WsrM FIRST Chicago to spea efflee la MJhg AIRCRAFT S, TV AND R WHERE TO WINE AND DINE LEISURE TIMES32 words
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Advertisement208 1980-08-02 1 TheMNOUAEP3IO PPC does it al. i c. i Consumer demand patterns in ASEAN ABQ 2nd Quarter 1980 Asean has one of the world's highest growth rates and with increasing affluence, consumer patterns among the five member countries of Indonesia, Malaysia, Philippines, Singapore and Thailand are expected to change in the208 words
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ASIAN STOCKS
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Article676 1980-08-02 2 TOKYO Source: DBS-Daiwa FOR those who had long been waiting for a new wave of selection to come sweeping in, yesterday's market must have been disappointing. In the earlier hours of the day, a series of blue chip home electrical appliance stocks including Sony, Sharp, VictorSource: DBS-Daiwa - 676 words
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Article316 1980-08-02 2 Source: SHK See THE MARKET yesterday opened softer on the denial of a takeover of GI Cement by Cheung Kong and continued to weaken throughout the day with prices dropping across the board. Dealing in FE Consortium and Hutchison nil; paid loan stock commenced yesterday and performed well closingSource: SHK See - 316 words
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Article308 1980-08-02 2 NEWS that the Surat Basin well, Thomby No 2, was flowing oil at the rate of 360 barrels a day arrived too late to help check another downturn in energy issues yesterday, dealers said. Major partner Crusader, which announced the find just after the close of trading, ended the308 words
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Article235 1980-08-02 2 AUG 01 Bahls Amu credit 132 ♦2 Asia Fibre 142 1 Ayuthaya Inv And Trust 95 -1 Bangkok 162 unch Investment Bangkok Bank 296 unch Bangkok Drying And Silo Bangkok Insurance 075 tf Bangkok Metrounch politan Ban 404 Bangkok Nylon Bank Of Asia II 128 unch Bank Of Ayudnaya235 words
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Article137 1980-08-02 2 STOCK prices yesterday closed quietly mixed with turnover down to two million pesos from Thursday's 5.4 million, dealers said. Atlas Con B, Lepanto B, Philex B, Basic Petroleum and Pioneer gained while Acoje Mining and PLDT eased. AUG 01 Pesos Acoje Mining -0062 -oooo: Atlas Con A Atlas Con137 words
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Article51 1980-08-02 2 FINANCIAL TIME8 INDUSTRIALS Thursday 480-3 Wednesday 488.7 Week Ago 4- 487.0 DOW JONES AVERAGE INDUSTRIALS Thursday 035.32 Wednesday 836.18 Week Ago 826.11 H.K.HANG SENG Friday 1144.27 Thursday 1166.55 Week Ago 1147.10 SYDNEY INDUSTRIALS Friday 687.73 Thursday 688.08 Week Ago 680.87 ALL ORDINARIES Friday 817.43 Thursday 818.26 Week Ago51 words
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RAW MATERIALS
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Article248 1980-08-02 2 THE SINGAPORE rubber market yesterday opened about unchanged and thereafter rose around two cents on attempted covering and reset ve of sellers. Demand f<r August also featured during the session reducing tlx discount by one cent in the process, dealers said. Lunch-time levels were maintained throughout the afternoon session248 words
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Article341 1980-08-02 2 R.A S. prices 11 cenu per kilo yesterday: Cloae (per kilo Buyers (per kilo) Buyers Sellers i) Sellers lat. 1 R.S.S pr« t npt i .o o. Ht au <Bi.3un 282.50 284 00 276 00N 275.00N 273.00N 272.00N 367 00N MOON 262.00N 261.00N 280 50 ***** 283.50 275.00341 words
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Article121 1980-08-02 2 NOON SSR and SI HAS Am II SapMabar (Cirrnl Mtk) (Forward Mtk) Barer* S*U«r* Barer* S< tllar* 262 00N SSR 20 (1 taapaliat) 256 00 J8100N 260 00 SSR 50 (1 Um paUrti 256 00 2S8.00N 257.00 259 00N MRELB A«|M( ft •ptMktr SMR CV (1 Um121 words
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Article290 1980-08-02 2 PRICES have lost six cents on balance in somewhat better activity than of late, although new features continued lacking, says HaUiay, Catier, Bat* Ca in its review of the Singapore and Malaysian rubier markets for the week ended July 31. August was taken to a high290 words
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Article350 1980-08-02 2 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kacgaroo) new crop 1.05, 100 pei cent second class 0.90, 100 pi r cent third class 0.88, 25 per < ent new crop no stock. B-10 per cent 0.80. THAI BROKIN: A-super 0.65,350 words
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Article66 1980-08-02 2 THE STRAITS tin price in Penang Aimed M$2S yesterday to $2,171 pienl to stood $25 above the Internattanal Tin Agreement ceiling. The rise was mainly attributed to lawer tarnaver (ram miners and the steady evernlght Landan Metal Exchange, dealers said. Lacal and small Japanese baying aided sentiment, they66 words
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Article40 1980-08-02 2 Rubber: Aug 1 Singapore: Aug: 282.00 cent* (up 2.00 cents) Malaysia: Aug: 285.75 cents (up 0.25 cent) Tin: M 52,170 (up $23) (equivalent to $35.88 per kilo) (up 38 cents) Official offering: 145 tonnes (down 54 V* tonnes)40 words
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Article174 1980-08-02 2 CHINESE Pradsce Exchange, Siagapare, aaan rifting price* per lMkg yesterday: Caeaant all: Bulk fob 143.75 sellers, old drum (in second hand drum) fob $153.75 sellers, new drum fob $159.75 sellers. Capra: Mixed (loose) $86.50 buyers. Pepper: Muntok white pepper fob Asta NLW $432.50 sellers, Sarawak white pepper faq174 words
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Article194 1980-08-02 2 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattea yara: China Blue Phoenix 20s 2,200; 32s 2,580, 40s 2,830 (per bale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article472 1980-08-02 2 COFFEE: Robusta futures yesterday fluctuated within a narrow range in quiet dealings and by end-morn-ing showed losses of between £2 and £12 a tonne in near positions. Physicals were reported quieter than in the past two days. Traders described the market as cautiously uncertain while news was awaited472 words
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Article138 1980-08-02 2 THE CRUDE palm oil market in Kuala Lumpur yesterday ruled higher in line with the steady trend in Chicago on Thursday and the lowering of duty on processed and crude palm oil, dealers said. In the central and southern regions, August was traded M 512.50 and $10 higher138 words
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Page 2 Advertisements
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Advertisement366 1980-08-02 2 How much do you see when you look at this etching? a if* l»s 7*. U> It V*« MM 'if .Iff, Vrir |«.r* J l/r< /I llm.H The Time Life Library Of Art /ftie/t fcoofr measures 9 112 inches (23 x 31 cm). Hard cover, with IHH paycs. More than366 words
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Advertisement129 1980-08-02 2 WANTED TO CHARTER We are seeking a floating accommodation unit to house 100 senior staff for operations in the Far East area for a period of 2 years beginning Jan '81. i Unit must have following first class facilities: fully airconditioned 100 separate single cabins 2 units generators De-salination unit129 words
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Page 3 Advertisements
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Advertisement1424 1980-08-02 3 ill; Message Tan Sri Tan Chin Tuan PSM, CBE. JP. In 1920 a group of enterprising businessmen got together to break into insurance, hitherto the preserve of long-established overseas companies. As a result, The Overseas Assurance Corporation was incorporated, and today we celebrate the 60th anniversary of that bold move.1,424 words
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Page 4 Advertisements
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Advertisement737 1980-08-02 4 'A V Assurance I^l Corporation Limited D (cont d from previous page) Dato S. Q. Wong handed over the position of Chairman to Tan Sri Tan Chin Tuan in 1969, but remained a Director until 1974 when he finally retired, after spending 54 years on OAC's Board. Tan Sri Tan,737 words
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OVERSEAS
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Article685 1980-08-02 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL FT FT75 0710 JFK SEA NRT/TPE SIA/BA SQ/BA17 0715 LHR/BAH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710685 words
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339 1980-08-02 5 NYT NEWSPRINT mills In the United States and Canada are not expecting serious newsprint shortages in the next three or four years, according to a survey conducted by Associated Press managing editors for member newspapers. Nonetheless, the survey found that many newspapers that areNYT - 339 words
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Article175 1980-08-02 5 UPI SOVIET troops have foiled a coup plot by Afghan army units and have tightened security to protect the pro-Moscow regime in Kabul, according to a diplomatic source. The source said Soviet military officials received advance word of the plot and smashed the leadership beforeUPI - 175 words
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180 1980-08-02 5 AP BEATRICE Foods Co of Chicago has sij jned a memorandum of understanding with China to i et up a Joint venture and carry out other "cooperative a< tivitJes." The company announced that a 50-50 oint venture company, the Sino-Ameri-can Food andAP - 180 words
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Article100 1980-08-02 5 AP CHINA has replaced the Soviet Union as the leading communist trading partner of the United States, the US International Trade Commission said. The commission said that in the first quarter of the year, China became the leading communist market for US products and the top communistAP - 100 words
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515 1980-08-02 5 AFP DIRECT foreign Investment in Thailand fell sharply in the first four months of 1960 compared with a year earlier, a financial analyst said. This is because of tight money, inflation, higher oil prices and the continuing uncertainty sparked by fears of a spillover fromAFP - 515 words
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WORLD IN BRIEF
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Article386 1980-08-02 5 Agencies SOUTH Korea expects average annual growth of 8 per cent between 1982 and 1986 compared with an average 91 per cent between 1977 and 1981, the Economic Planning Board said. A draft plan by the board predicts South Korea's per capita gross national product will reachAgencies - 386 words
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Article135 1980-08-02 5 AP BRITAIN has achieved selfsufficiency in crude oil, producing more from its North Sea reserves than it consumes for the first time since North Sea oil first came ashore in June 1975, the Financial Times reported yesterday. The respected business daily said latest government figuresAP - 135 words
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Page 5 Advertisements
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Advertisement110 1980-08-02 5 Eiffel Sa S ft IS m i 1 HI it J I ft »> fJfJfJfJfJFA 3»S c s s 1 ft r i soltalE WE EXTEND OUR BEST WISHES ID THE OVERSEAS ASSURANCE CORPORATION LM4TED ON THE OCCASION OF THHR 60TH/WMVERS4RY American International Assurance Co. Ltd. The Asia Life Assurance110 words
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Article330 1980-08-02 6 DR YAOHAN CHU has highlighted in no uncertain terms just how far behind Singapore is in in the computer field. Even Hongkong and Taiwan, two countries not noted for their computer expertise, appear to be far ahead of Singapore in sophisticated applications of computer technology. That330 words
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Article332 1980-08-02 6 THE ARAB-ISRAELI conflict in the Middle East seems even further from resolution now that the Israeli Parliament has decided to annex territories within Jerusalem. Israel's treaties with Egypt have been jeopardised and other Arab nations will have greater justification to take a more militant stand332 words
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Article, Illustration866 1980-08-02 6 S M Ali - NEWS AGENCY PLANNED In this article, the last oI a three-part series on Opec's relations with Third World countries, S M Ali, Deptlwews editor-in-chief, takes a look at Opec's bid to develop a new image among these countries which includes the setting up ofDepthnews Asia; Source: OPEC - 866 words
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1085 1980-08-02 6 NYT LIKE a growing number of other American companies, the Fed-Mart Corp, a major food chain, now does more than one-third of its hanking with German, French, British and Japanese banks based in the US. In the Eurocurrency market last spring, ICNYT - 1,085 words
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Page 6 Advertisements
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Advertisement80 1980-08-02 6 nIF W y Now Available! A 304 page comprehensive BUYERS' GUIDE OF AUDIO EQUIPMENT only $4 a copy Plus: Interesting and informative articles on all that you want to know about high fidelity sound systems. get your copy today at:TIMES ORCHARD CENTRE Lucky Plaza, Mezzanine Floor ROBINSON'S BOOKSHOPS Specialists' Centre80 words
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Page 6 Miscellaneous
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Miscellaneous1293 1980-08-02 6 Choo Hoey and the SSO CHOO Haey aad the Siaga- eaaeert ten wimitr why The bast far the marital pare Symphaay Orchestra this has reeeatty heea scrap- variety shew will he hy eames aa TV aaee agala, pedf Cheryl Tlegs aa* Dan this time aat aa the sahjeet other marie1,293 words
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Article1093 1980-08-02 7 ARUN BHATTACHARJEE - INDIA'S NEW MEDICAL RESEARCH CODE Government policy says formal and coded rules of ethics have become absolutely necessary because of the increased medical researches being done on human subjects in India, which has a human "guinea pig" population of 5,000. ARUN BHATTACHARJEE reports from NewDepthnews Science - 1,093 words
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787 1980-08-02 7 WILLIAM SAFIRE - FOBUH with WILLIAM SAFIRE NYT WHY DO you suppose a Zbigniew Brzezinski lied when he insisted to me recently that he had not discussed Libya with Billy Carter? Why did he claim that the only reason the President's brother came to him after aNYT - 787 words
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Page 7 Advertisements
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Advertisement139 1980-08-02 7 Which BMW? ExpressHburself with conviction There are many BMWs from which to choose. Subtle variations in outward appearance and a variety of performance specifications. Individual taste, driving style and conditions will influence your decision. But it's the one thing that doesn't change that made you decide on BMW in the139 words
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Page 7 Miscellaneous
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Miscellaneous46 1980-08-02 7 IV r rul GeoßG€,. Do N/CX) cmer gct The. ufce*, To TyJfiouJ Vt>u«S€u_F OPF?^—7 —7 STpsrOS TO V^JOOLD »jeveß feecoroe. *J rue PLACe IF u)p»s PROKG-"C> SOCM FeeunGS. 1 mcfvo, CPSN Nfou jmPiGttft u>oK«HG P>T weiGwT TMRT TVJCMGMT by tuc £ac< or p J KeeP G€o<2&e46 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article189 1980-08-02 8 JULY 31 Francs Actions Suisses 294 1 Alusuisse Br 1245 unch Alusuisse Reg 448 unch Brown Boverl Br 1715 unch Ciba Geigy Br 1120 -S Clba Geigy P C 890 5 Clba Geigy Reg 612 unch Credit Suisse Br 2325 5 Credit Suisse Reg 400 -1 EIekt.rowall Br. 2490189 words
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Article222 1980-08-02 8 JULY 31 Dm Aeg-Telefunken 90 00 0.9 Akso 21 90 02 Allz Leben *****0 unch Alls Vers 433 00 1 BASF 138 90 -0 1 Bay H T Wbank ***** Bay Vbank ***** Bayer 117.80 -0.7 BBC 315 00 1 BMW 143.50 Cassella 330 00 unch Chem Verw 260222 words
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Article271 1980-08-02 8 JULY 31 Fr» CORBEILLE Alr-Uquide 437 •S B S N Gervais Danone 1002 -11 C S F < Thomson Csf) 443.50 -15 Cle Francalae des Petroles 230 -15 Compagnie Financier* Compagnie Ofnpnie 382 2 Credit Ponder De France 420 tl Hachette (Llbralrte) 249 1 Machines Bull 56.50 -0.5 Mlchelln271 words
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Article147 1980-08-02 8 JULY 31 Fls 311.50 2.5 7340 15 23 70 88.20 0 1 100 50 -13 66 90 0.2 37 00 -05 Berk 96.50 -0.5 60.00 0.3 ***** 3 6720 -05 57 00 24 30 -0.1 Calve Delft 168 00 -1.1 Deli Mij 86 00 -1.5 ***** 0.3 2720 -0.4147 words
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Article92 1980-08-02 8 JULY 31 Fn FORWARD MARKET 324 Arbed 1670 25 ftHf 428 •14 Brasran tee 44 Bru-Lamb 1430 Can par 1026 >26 Car k 237 n* IWrm M\ .1 Ebes 1920 20 Electrobel 6120 ♦30 Gb-lnno Bm 2375 -20 On 1290 20 Ho boh 2610 -40 P*tro 4®75 -45 Ryl92 words
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Article103 1980-08-02 8 JULY 31 Ante Assoc Orn Bastocl Central* rtst Flnslder Oen Immob in PTI llalcemenli 1 La if as Lire 6 90 TOTOO MS ***** 1515 5# 25 1570 2725 ***** «23 -01 -100 ft *301 7 -075 «e ft uneh ft IUlslder 322 uneh Mtfiwu M Pf Marvlll Ere103 words
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Article1230 1980-08-02 8 NEW YORK Reuter THE stock market closed lower on Thursday, but a late rally in steels helped erase sharp decline in a blue chip barometer. US Steel gained IV* to 24 and Bethlehem Steel was up IV* even though both industrial giants had recently reported sharply lowerReuter - 1,230 words
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Article201 1980-08-02 8 JULY 31 CS AbtUM Alcan 37». Alfoma 36 unch Bank Mont 29 H Bank Nova Scou* 32'. Ji Bell Tel lt-s Beth Corp BP Can Lid ZZ 46'. B rase an 28 Camp Red Lake 65'.' unch Can Imp Bk 27 unch Canpac 42 Can pat In* Pf 19'.201 words
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Article315 1980-08-02 8 JULY SI Rand INDUSTRIALS A Alpha 425 5 A bercom 308 3 AE And CI 8T0 10 AMIC 2475 unch Bflrlowf 1095 -30 Cf Sugar 1250 CNA 545 unch Currie Finance 220 unch De Beers Ind 3050B Edcon em 10 Edgars 6800B 100 Eveready Fed Volk 510 -20 Fugit315 words
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Page 8 Advertisements
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Advertisement59 1980-08-02 8 Where to wine, dine and entertain Robin's Tavern. The place to go after work. To relax, and to enjoy your favourite drink. In a cosy, soothing atmosphere with cool, J JO cool music provided by a live group. Visit us at Robin's Tavern we know you'll like it. Happy Hoars:59 words
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Advertisement133 1980-08-02 8 For sushi. For teppanyciki. For other authentically Japanese delights. Open daily: 12 noon 3 p.tn 6 30j).in. 10.30 p.m. For reservations call *****77 j i «'i iUii*> I'lirk HI it'riilni i Hii ii;j i[N)i'< WK&v&esmSSi rill i rV HUGO'S BUSINESS LUNCH Hors d'oeuvres trolley Roast prime rib of bee or133 words
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Advertisement112 1980-08-02 8 The Great Family Do-lt-\burself Barbecue C r Choose younmeapons. fteryßtdayand SaiuKtaynWt RooHtde at Iheobqoi Just cfcooee what you want *id barbecue it Mat wfaod. saiadv sauces Oaf i hat and apron available UD+ for aduta, fl4+ taraachdaid under 12 Anytlmafian 'pnvKUOpm ~w ue£, r bW A Merlin Grll Spwiiility From112 words
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Advertisement214 1980-08-02 8 SEE PAGE 2 FOR ASIAN STOCKS Singapore-style sHilton style, lah At the Top of the Hilton, at Hin s That's where you get a selection of typically Cantonese favourites And our very own Flavours of Singapore. No mess No noise Just great chow In the comfort and serenity of the214 words
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BANKING AND FINANCE
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390 1980-08-02 9 THE First National Bank ot Chicago will open a representative office in Beijing, the first such office in China for a US bank. The bank said on Friday that the People's Bank of China has given official permission to open the office390 words
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386 1980-08-02 9 TWO financial institutions in Hongkong, Security Pacific Credit (Hongkong) and Banque de Paris et Pays* have raised the limits of their fixed rate certificates of deposits (CD) to HKJ7S million and $70 million respectively. The spokesmen for the two companies said the action386 words
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Article, Illustration468 1980-08-02 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alkmini (after'Gao Peng) 33/34 Barber Toba (Ro/Ro) (0400 after Nopal Verde, required starboard to) 47 Botany Triton (Tanker) (after Barber Toba sails, subject gas free) 46 Glorious I (Ro/Ro) (after Gudrun Bakke) 6/7 Kota Manis (1000) 10/11 Lanka Sagarika (0200) 45A Laksana468 words
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Article75 1980-08-02 9 Reuter THE Asian Development Bank (AM) announced yesterday that its lending rate for loans approved on or after July 1 would carry interest of 9 per cent per nnnmri instead of the previous 8.1 per cent. The said the decision of its board of directors did notReuter - 75 words
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Article54 1980-08-02 9 THE Bank of China in Singapore yesterday lowered its lending rate to best customers by V 4 per cent to 10V* per cent. It also announced lower deposit rates, with savings deposits earning 7V«, oneand three-month fixed deposits 9 per cent, and six, nine and twelve54 words
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194 1980-08-02 9 Reuter THE US Labour Department said it would cancel all insurance contracts with Prudential Insurance Co because it refused to provide employee data "vital to possible race and sex discrimination". Prudential does business worth about US$lBO million annually with the Federal government. The LabourReuter - 194 words
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Article152 1980-08-02 9 Reuter A LITTLE-NOTICED portion of the Republican Party's election platform leaves open the possibility of the US returning to the gold standard if Ronald Reagan is elected in November, informed party sources said. A spokesman for Congressman David Stockman of Michigan, a member of theReuter - 152 words
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Article920 1980-08-02 9 BONDS LOANS THAILAND and Japan last Tuesday exchanged notes on the seventh yen loan to Thailand which would provide up to 4,600 million bahts for projects there. A spokesman for the Thai Finance Ministry said repayment is over 30 years, including a 10-year grace period at a rate of 3920 words
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Article177 1980-08-02 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 1: US D*U*r*<8Mt) Offer Bk) 7 days 10H 10". 1 month lon/ioioo/io 2 months 10 5/10 10 3/10 3 months 10 7/10 10 5/10 0 months 10 7/16 10 5/10 0 months 10M lOVk 12 months 1011/*****/10 8w.Tr*.177 words
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Article22 1980-08-02 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.1 per cent.22 words
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Article42 1980-08-02 9 RANGE at prices offered by dlsOvertfcht: to «15/11% Call deposits: «V. to IS/11% CM| Bvytef SsUtog 3-month Treasury bills 6H 6v. 3 month Bank bills 9W 9H 3 months CD 9 8H 0 months CD 113/18 111/16 Source: National Discount Co42 words
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Article88 1980-08-02 9 THE US dollar firmed against most major currencies yesterday and was steady against the yen in fairly quiet late afternoon trading ahead of the local bank holiday on Monday. Dealers said rising US interest rates prompted short-covering and boosted the dollar. The Hongkong dollar weakened to a late 4.9630/4#88 words
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Article475 1980-08-02 9 THE US dollar strengthened against all major currencies except the yen yesterday. Dealers said the dollar's weakness against the yen was due to the squaring o( positions by banks in Japan. It opened at 228.20 in the morning before slipping to 227.85/95 by the late morning, «wri remained475 words
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Article150 1980-08-02 9 SINGAPORE gold futures yesterday closed higher on balance compared with overnight levels in generally quiet trading. Opening quotations were marked up around US$6 an ounce following the metal's recovery in New York on Thursday. Thereafter, the market held steady during the lunch close before falling marginally in afternoon trading150 words
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Article175 1980-08-02 9 THE US dollar strengthened further against lead European currencies in restrained early trading rising to 1.7930/40 against the deutscemark a close of 1.7860/70 in New York. It also scored against the French franc on higher Eurodollar deposit rates, but sterling resisted the advance as domestic money yield» likewise hardened.175 words
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Article136 1980-08-02 9 THE US dollar for overnight delivery closed at 228.00 yen yesterday, down from a 228.20 opening but sharply higher than the 226.85 at Thursday's dose, following small central bank yen-sup-port intervention. Trading was moderate on volume of US$74B million. The Bank of Japan sold a small, but unspecified, amount136 words
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Article42 1980-08-02 9 RESULTS of tender held yesterday for 91-day Treasury tills are Offered: $70,000,000 Applet tar: $140,000,000. ititatted: $70,000,000. Accepted Uds: $98.29 approximately SO per cent higher bids in full. Average rale ef dtaee—l m aßstmrai: 6.845 per cent per annum.42 words
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Page 9 Advertisements
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Advertisement201 1980-08-02 9 Keep abreast with Singapore's Economic Development i! <&$> g Vj Read Professor Lim Chong Yah's latest book Economic Development in Singapore, now available at all leading bookshops. This book contains some of the writer's views and analyses on the recent economic development in Singapore. CONTENTS: 1 Economic Development Of Singapore:201 words
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1756 1980-08-02 10 BUSINESS DONE ON THE SES THE KLSE BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.328 3.345) (I)1,756 words
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Article176 1980-08-02 10 SINGAPORE UNIT TRUST (MIS-MONTAGU (M—1pw* prteea tor A a) (Maaigen' prteea tor Aag t 4) The Commerce 2 89 3 04 Union Spore Fund 1.11 1.16 The Savings Fund S pore Prog Fund 1.84 1 36 153 1.43 INCOME BOND UNIT S pore Sec Fund S pore Invest176 words
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Article2780 1980-08-02 10 Gr'g Gr*« Net I960 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 370 245 Acma 334 unch 15.0 2.8 4.4 13.2 3 334 332 223 220 Alcom 223 12.0 2.5 5 3 12.6 149 1162,780 words
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Article1676 1980-08-02 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. INDUSTRIAL* AjtaemaU (3.305) Aleeai (2.338) (1) 2.32 (6) 2.35 Ales M (1.40B)1,676 words
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Article87 1980-08-02 10 HAW PAR'S travel division, Uni-Travel Private has been renamed Haw Par Travel Private in line with the group's corporate identity programme. The company said yesterday that Uni-Travel, a subsidiary since 1974, has grown to provide an expanded range of international travel agency services, primarily to businessmen. MATSUSHITA Electric87 words
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Article96 1980-08-02 10 South Job*it Am&lgunated Holdings Bhd: AGM to be held at 197A, Batu 4 3 < Jalan Scudai, Johor Baru, at 11 am on Aug 15. SINGAPORE Glass (1«4) Ltd: AGM to be held at 3rd Floor, Mandarin Hotel, 333 Orchard Road, Singapore at 12.30pm on Aug 15. MALA96 words
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Article, Illustration682 1980-08-02 10 SELLERS demiaated the Singapore Stack Exekugt yesterday sending share prices slightly lower la moderate trading. The easier seatimeat In the Hengheng market apparently eaased investors to react la sympathy. The Straits Times lad astrial index lost S.T7 points to ffH.lt while the Baslaess Times Indicator682 words
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Article600 1980-08-02 10 A SLIGHTLY easier trend ruled at the Kuala Lumpur stock market yesterday after four consecutive sessions of mixed and erratic trading. There was light selling in most of the current market leaders during the day but trading, by and large, was cautious and selective. Traders600 words
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COMPANY NEWS
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Article479 1980-08-02 11 BIBIANA CHOO - SURPLUS OF $247 REALISED By BIBIANA CHOO PLANTATION company Kuala Lumpur-Kepong has revalued its estate lands at $392.38 million throwing up a surplus of $247 million. The revaluation, which was completed in December last year, has been accepted by the Malaysian Capital Issues Committee. The479 words
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Article765 1980-08-02 11 PLANS to merge the Mara Unit Trust with the proposed Amanah Saham Nasional Bhd of the Permodalan Nasional Bhd (PNB) or to streamline their respective operations have been shelved. This means that the status quo will be maintained, and the proposed new unit trust will765 words
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Article278 1980-08-02 11 Date Last Full Year Company Period Announced Net EPS Grm Pre-tax but y ear (cents) Div. Profit <%> (It*) Kulim I 6/7 12.1 24 16,993 M Credit F 24/7 2.5 5.0 4,286 UOL I 31/7 4.3 5 9,528 Sel Dredge F 3/8 33.4 40 14,815 J Cement F278 words
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Article185 1980-08-02 11 ORIENTAL Holdings has completed the parchase sf General Maters Malaysia far sheet $4.1 mllliee. It paid the balaace af M 54.3 milllea te General Maters Carp sf the United States and assamed eperatleas af GM Malaysia yesterday. Oriental paid a depeatt sf $477 when It185 words
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Article, Illustration357 1980-08-02 11 SUSPENDED bus counter South Johore Amalgated Holdings' outlook for the year does not appear favourable. Its directors have warned that unless the application by the Pan Malayan Road Transport Operator's Association for a fare increase is approved by the Malaysian government, the company will357 words
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Article241 1980-08-02 11 TONG Bee Finance will take on the new name of Malayan United Finance Bhd (MUFB) from Monday (Aug 4). The company said the new name reflects its plan for nationwide growth as well as its affiliation with parent company, Malayan United Industries, which is listed241 words
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Article623 1980-08-02 11 UNIVERSAL Cables (M), which manufactures wires and telecommunication cables, is making a cash call of $4.65 million from its shareholders to cope with its rapid expansion. The proposed rights issue announced yesterday, along with a hefty increase in the group's interim profits, will be made623 words
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Article, Illustration694 1980-08-02 11 mm™ by HOCK LOCK SIEW MALAYSIA Textile Industries (MTI) and Public Textiles have made that unintelligible decision again calling off the proposal for a mutually beneficial link-up for the second time. This on-off behaviour, enlightened only by laconic statements from both parties to the exchanges, is waxing tooby HOCK LOCK SIEW - 694 words
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Page 11 Advertisements
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Advertisement132 1980-08-02 11 A Convenient and Effective Way for you to learn Mandarin. The "Mandarin By Radio" Series currently broadcast over SBC and published in the Straits Times Bilingual Page, is now available on cassette with a comprehensive book g to guide you. 1 A. 1 V v Tj\ o 0 SBC T>132 words
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Article473 1980-08-02 12 LEE YOKE MENG - By LEE YOKE MENG A ONE per cent computer tax on restaurant bills may be an effective way to promote development in the computer field. Dr Yaohan Chu, a professor at the University of Maryland's Computer Science Department, proposed this in half-jest yesterday when he473 words
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137 1980-08-02 12 THE Malaysian Chinese Association (MCA) and the "Gerakan Rakyat" are examining the possibilities of closer cooperation on economic, educational and other national matters. Informed sources said the leaders of the two component parties of the ruling National Front are holding closed-door discussions. It is137 words
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Article24 1980-08-02 12 BUSINESS Times yesterday referred to certain investment trusts quoted on the stock exchange as open-end trusts. They should correctly be termed closed-end trusts.24 words
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350 1980-08-02 12 KING 6 Shaxson, a London discount house, is setting up a representative office in Singapore to market its funds management service. Its subsidiary, King k Shaxson Fund Managers, which specialises in giltedged securities, recently set up a wholly-owned subsidiary, King A Shaxson International350 words
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Article198 1980-08-02 12 SPORTS enthusiasts can soon look forward to yet another stadium a modem, air-conditioned multi-purpose facility to be built at the Kallang National Stadium Complex. Dr Tan Eng Liang disclosed this when he spoke at the opening of the Physical Education Seminar at the National Stadium Theatrette yesterday.198 words
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Article830 1980-08-02 12 LONDON, Fri. Share prices closed slightly lower in quiet trading with no real features noted. At 3 pm the FT index was down 2.7 at 487.6. Leading industrials were generally a penny or two easier as prices drifted on lack of interest. Government bonds generally closed firmer after830 words
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375 1980-08-02 12 PIG FARMERS have always miscalculated the supply situation; so have hotel planners. But now hotel planners should be able to outperform pig farmers because the Singapore Tourist Promotion Board and the Building Control Division of the Ministry of National Development are coordinating their375 words
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237 1980-08-02 12 THE United People's Front will field about 25 women candidates in the coming elections. Secretary-general of the party, Mr Harbans Singh, said yesterday it is a disgrace the Singapore Parliament does not have a single woman member. The party yesterday announced two more237 words
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771 1980-08-02 12 THE SHELL group of companies should not incorporate the National Wages Council recommendations into the wage structure, the Industrial Arbitration Court president, Mr Tan Boon Chiang, ruled yesterday. In passing judgement, he said he was guided by the need for "good771 words
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Article394 1980-08-02 12 NYT THE Chrysler Corp has reported that it had a loss from April through June of U*****.1 million, the largest quarterly deficit ever suffered by an American car manufacturer. The loss was because of plunging car sales and the huge cost of retooling to make smaller, fuel-efficientNYT - 394 words
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Article86 1980-08-02 12 AP INSURANCE underwriters at Lloyds of London have provisionally agreed to meet the world's largest marine insurance claim totalling US$3OO million. The claim arises from the failure of the cargo insulation systems of three liquefied natural gas carriers being built in the United States for theAP - 86 words
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Page 12 Advertisements
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Advertisement266 1980-08-02 12 i I L OA c o\vjmn essays ftonjwe journal Street r3* r v /Xstan The \CONO HPSKV SETH G ''V c 05 > i w A *> f h\ Yf/f Was Chairman Mao a secret communist? is America in danger of going capitalist? Do airlines discriminate in favor of baggage?266 words
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Page 12 Miscellaneous
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Miscellaneous68 1980-08-02 12 WEATiHER 1 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few places in the late morning. Report for 24 hours prior to 7.31 p.m. on August 1 at the airport. Maximum temperature 31.4 Associated humidity 60 Minimum temperature 23.8 Associated humidity 100 Hours of sunshine68 words
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LEISURE TIMES
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Article, Illustration1739 1980-08-02 13 LEE YOKE MENG - DESTINATION COOL GARDENS, STEPPING STONES AND PICTURESQUE PONDS! By LEE YOKE MENG OHIRA died on the day we arrived in Tokyo. But there were no half-day breaks from work or sudden interruptions to the Japanese lifestyle. The ex-Prime Minister didn't even seem to make the dinner-talk of1,739 words
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Article, Illustration465 1980-08-02 13 SALMA KHALIK - By SALMA KHALIK THERE are some films that make an actor. Then there are the actors that carry a film. Steve McQueen is one such actor he is Tom Horn. Had a lesser actor taken on the role, the film could very well have been a wash-out. For465 words
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Article, Illustration1181 1980-08-02 14 PATRICIA GOH LISTENS TO SOME RATHER UNUSUAL SOUNDS "SO, MR MOZART, how was your exposure trip down to earth this time?" asked the reporter from the Heavenly Tribune. "Oh, it was very exciting—all sorts of new developments you'd never think was possible,"1,181 words
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Article, Illustration402 1980-08-02 14 PETER WONG - By PETER WONG PW. There's talent in those initials. No, not me in this Instance. Thanhs, bat I'm referring to the gentleman pictured above who has written some of the very best. Some call him "Swan" and others call him "cutey Paul", Paul Williams, that is.402 words
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Article, Illustration822 1980-08-02 14 RICHARD SEAH - By RICHARD SEAH THE RECORD sleeve may not attract more than a curious interest, with its half a bass drum, clouds, sun and the word Naturally all set in gaudy colours. If you are familiar with the music business, two names will surely make you want to give822 words
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Article, Illustration438 1980-08-02 14 C CHOO - By C CHOO AIYAIYAIHH! Aiyaiyaihh! A cry (or help? A song and dance? Yes, it is part of the latter but really, it is Just the "Juchzer" or the Austrian shout for Joy. For it is summertime in Vienna, a season (or Joy and love, music and dance.438 words
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Article576 1980-08-02 14 CHARMAINE CHAN - SSC training schemes waterpolo By CHARMAINE CHAN SINGAPORE has dominated the South-east Asian waterpolo scene for many years. The Hong Leong Water Polo Training Scheme was one of the steps taken to ensure this continued supremacy. Like the other 11 Singapore Sports Council schemes, the $10,000 Hong576 words
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Article216 1980-08-02 14 TODAY GOLF: SICC: Qualifying round for the Race Course Cup will be held with the 'A' and 'B' division monthly medal strokeplay competitions at the Bukit location and the New course respectively. The 'C' division monthly medal will be held at the Sime course while the216 words
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697 1980-08-02 14 RONALD KOW - By RONALD KOW HAVING too many football tournaments can be quite a big bother. But, it can also be a convenient excuse for declining an invitation to take part in yet another tournament. So, our national soccer team will not be going to697 words
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Page 13 Advertisements
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Advertisement78 1980-08-02 13 A helping hand when you need it most Waytoowf Moclfft And Finance (S)Ud. I Ground Hoof, Show Horn*, Smgopof* 0923 T«l: *****77 5 mm PATRICIA GOH it privy to a vary rare interview Jazz, naturally, with RICHARD BEAH II Guaaa who's coming to town? asks PETER WONG II Your waakand78 words
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Advertisement23 1980-08-02 13 RICOH Plain paper copters Preferred by offices worldwide CALL *****5. f|/l Wywy Private Limited Wywy House. 17 Leng Kee Road. VV Singapore 031523 words
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Page 13 Miscellaneous
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Miscellaneous759 1980-08-02 13 WHAT WHERE EXHIBITIONS THE NATIONAL Museum Art Gallery will be featuring Poll Slew Wah's paintings today and tomorrow. The paintings, in oil and acrylic, are preserved images of old Singapore's boats and bridges parts of Singapore that often go unnoticed and unappreciated. Admission is free and the exhibiting times are759 words
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