The Business Times, 13 September 1980
1980-09-13
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14
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The Business Times
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Title Section11 1980-09-13 1 BUSINESS TIMES M.C.(P) No. 111/1/81 SATURDAY, SEPTEMBER IS, ISM 50 CENTS11 words
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BRIEFLY...
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Article80 1980-09-13 1 Reuter LONDON, Fri. The price of gold rose sharply to US$697 an ounce in Europe today, $17 above its London close last night and the highest in seven months. Anxiety caused by the militap' coup in Turkey helped spur a rush of gold buying. But investors and speculatorsReuter - 80 words
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Article59 1980-09-13 1 AP COPENHAGEN, Fri. The Danish underground consortium has announced the discovery of oil and natural gas deposits during test drillings in Denmark's Lulu field in the North Sea. The announcement came nine days after the consortium reported traces of oil and gas for the first time in aAP - 59 words
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Article56 1980-09-13 1 AP BEIRUT, Fri. The Syrian-Libyan merger proclamation has received additional support from leftists in the Arab world. Conservative reaction still was scant. Prince Aalman bin Abdul Aziz, Governor of the Saudi Arabian capital of Riyadh and King Khaled's half brother, was quoted as saying the world's largestAP - 56 words
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Article57 1980-09-13 1 UPI TOKYO, Fri. Three Japanese electric companies and a trading house have established a joint venture aimed at securing from Australia uranium supplies equal to one third of Japan's present annual consumption, industry officials said. The venture, Japan-Australia Uranium Resources Development, will channel money from Tokyo into theUPI - 57 words
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Article61 1980-09-13 1 AP TOKYO, Fri. Japan's two largest car makers, Toyota and Nissan, have announced sharp increases in their exports from a year ago, but said they expected sales to the United States, their biggest overseas market, to start dropping in the fall. Both companies said exports for AugustAP - 61 words
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Article28 1980-09-13 1 Reuter MANILA, Fri. Asean and the United States have announced the establishment of a special committee in Washington to promote closer cooperation on economic issues. EeuterReuter - 28 words
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Article63 1980-09-13 1 UPI BEIJING, Fri. China will not make Vietnamese troop withdrawal a precondition for negotiating a political settlement of the Kampuchean crisis, New Zealand Prime Minister Robert Muldoon said. Mr Muldoon, the first foreign head of state to meet new Chinese Premier Zhao Ziyang, said he thought a peacefulUPI - 63 words
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Article52 1980-09-13 1 AP NEW YORK, Fri. The stock market was mixed in early trading today. The Dow Jones average of 30 industrial stocks slipped 0.09 to 941.21 in the first half hour. But in the broad tally, gaining issues outnumbered losers by a 3-to-2 margin on the New York StockAP - 52 words
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Article151 1980-09-13 1 Rises Indices Magnum Corpn 1250 100 Sep 11 Sep 12 Sel Properties M U I M Banking 1280 1960 1520 80 60 60 B.T.Indieator: Industrials: 8689.71 8830.25 607.61 614.82 Kuchai 640 60 Finance: 1144.04 1153.48 D Keramat 1770 50 Hotels: 536.17 540.16 PMC 1040 +50 Properties: 476.76151 words
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Article, Illustration155 1980-09-13 1 Rises Indices Killinghall 2100 +250 Sep 11 Sep 12 MU Ind 1960 +90 B.T. Index: *****.*****43 23 Pac Dev 480 +80 Industrials: 719.88 729.88 Magnum 1240 +80 Finance: < 1069.94 1086.34 PMC 1040 +60 Hotels: 382.31 383.00 Sel Prop 1250 +60 Properties: 540.11 553.95 M Banking 1510 +50155 words
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Article645 1980-09-13 1 CATHERINE ONG - SECOND ISSUE THIS MONTH By CATHERINE ONG KEPPEL Shipyard announced yesterday that it will offer for public subscription 30 million new ordinary shares at $3.30 each. The offer will raise $99 million, surpassing the $90 million record set by property developer United Overseas Land645 words
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246 1980-09-13 1 "CIVIL servants must take what satisfaction they can out of knocking or kicking tennis or soccer balls" since in Singapore there is yet no frustration rooms for frustrated employees. The Minister for Finance, Mr Hon Sui Sen, said this at the official opening of the246 words
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436 1980-09-13 1 MARGARET THOMAS - By MARGARET THOMAS THE MARKET research industry is booming, but it suffers from that widespread Singaporean ailment a skilled manpower shortage. There is no shortage of raw recruits, say the market research companies. The problem lies in retaining them in the business once they have436 words
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Article335 1980-09-13 1 THE Government has enhanced the growth of the Asian dollar market by allowing a non-resident bank to issue floating rate certificates of deposit (FRCDs) in Singapore for the first time. Previously, only banks with branches here are permitted to register FRCDs with the Monetary Authority of Singapore335 words
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267 1980-09-13 1 THE REVIEW «f the Harvard team's m the pripurt man rapid traasit system conducted by Wllbar Smith aad Associatos is expected to be completed la two weeks' time. Mr Brut WUdermnth, scalar systems aaalyst ef Wllbar Smith aad Associates, started on267 words
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472 1980-09-13 1 KOH TSE YING - By KOH TSE YING BULLISH dreams became a reality at the Singapore stock market yesterday as the Straits Times Industrial Index soared to a new peak of 614.82. Hie index now stands more than three points ahead of its 1973 high of472 words
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Page 1 Advertisements
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Advertisement12 1980-09-13 1 Singapore's Business World at your fingertips The Straits Times DIRECTORY of Singapore12 words
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Advertisement164 1980-09-13 1 More Traps for Premature Pessimists Major New Advances Expected Following Interim N.Y. Scoop After advances ranging up to and over 1,000 percent had been staged by early New York recommendations of the Capital Gains Research organization, mid summer reports began anticipating a technical correction which would create important new buying164 words
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Advertisement63 1980-09-13 1 DCMDB LEISURE TIMES EXXON towmtlw to develsp FORD Mstor stokes fntore m S-E iUbi a»rket..................... 2 ftfi 7 ZHAO isMtoi toii ecmmte MARGINAL gnwtt tt Hsrripifldw S MM Ertfctw............. 11 JAPANESE teaks sppssc tox STRATEGY to cssin steady rvsri— nssve I «U price rise 12 AIRC* AFT i, TV AND63 words
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Advertisement73 1980-09-13 1 FOR PEOPLE WHO MATTER I»gfi m is rite.... Step right in next to de Monlesquiou !\apoleon u im Marquis de Moutesquiou XO Matured m reputable cellars of the Artnagnac region ranee Celebrate one oiius.sion a';f/i elegance and distinction of Marquis de Montesquiou XO (>rrn )sai l h< Sf > t73 words
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TRADE AND INDUSTRY
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Article446 1980-09-13 2 SEMINARS AND COURSES Sep 15-19: Communications Towards Asia's 21st Century: A Question of Answers, Mandarin Hotel, 12th Asian Advertising Congress Host Committee Sep 15-Oct 1: Local Labour Laws, Cuppage Centre, NPB Sep 15-Oct 6: Industrial Ergonomics its Application to Industries, Cuppage Centre, NPB Sep 16-17: Finance for NonFinancial446 words
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443 1980-09-13 2 FOO CHOY PENG - By FOO CHOY PENG HAVING carved a niche for itself in the American and European market for office automated equipment, Exxon is now making efforts to to develop a foothold in the South-east Asian market as well. For a start, Exxon Information System443 words
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Article162 1980-09-13 2 WITH effect from Oct 1, new regulations will be introduced under Sections 7, 10, 13 and 37 of the Weights and Measures Act, 1975, to control the possession, manufacture and repair of weighing and measuring equipment. Under the new regulations, it will be an offence162 words
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430 1980-09-13 2 SINGAPORE printers should strive to undertake jobs in high-income countries instead of just confining themselves to the Asean market. This was one of the conclusions reached by participants in a two-day workshop on printing recently. The workshop, organised by the National Productivity Board, was430 words
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Article, Illustration423 1980-09-13 2 A UNESCO consultant has proposed a major reorganisation of the present marine radio officer's course at the Singapore Polytechnic that will widen the scope of radio officers beyond merely manning wireless sets onboard ships. The consultant, Mr Brian Cotton, said his proposals423 words
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Article140 1980-09-13 2 OVERHEAD conveyors, which can help factories increase production, will be demonstrated at MachineAsia /Metal Asia 80 to be held from Dec 8 to 12. The manufacturer, Conveyor Company of Australia, in conjunction with Mechanical and Combustion Engineering Company of Singapore (Mecomb), will be showing working examples of its140 words
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Article, Illustration308 1980-09-13 2 THE Singapore office of the Philippine Ministry of Tourism is publishing a special edition magazine to promote the Philippines to Asean travellers. Mr Raul J Teehankee, tourism representative of the Singapore office, said the magazine is the next best way to reach out to308 words
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356 1980-09-13 2 ASEAN can learn much from Japan's economic success even though the member countries cannot hope to restructure their societies along Japanese lines. Dr Goh Keng Swee, the first deputy prime minster, said yesterday that Japan's economic success springs from certain fundamental traits of356 words
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185 1980-09-13 2 JAPAN'S krw-posture diplomacy towards South-east Asia need not be changed as long as the trade routes through the Asean nations are secure and the later stay friendly towards Japan. In a paper presented at the third Japan-Asean symposium held yesterday, Dr Lim Chong Yah said185 words
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Article, Illustration242 1980-09-13 2 STRAITS Steamship has appointed Mr CkM Chia Teek group company secretary and chief financial officer with effect from Aug 1 1900. Joining the group as accountant in 1973, Mr Choo, aged 35, made rapid progress to become the group controller in January 1977, general manager (finance) distribution242 words
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Page 2 Advertisements
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Advertisement110 1980-09-13 2 I L Vtf vvtt ?s&^zssz-~ w° om9,o «*pe°p w: pm wottW" 0 „MaWV« a s I tr\" ,det DO pu>a t,o s in Indonesia jl ?^PP^\ H^e;\ts^ ure S \ngapoTe. at j OO 9 Jielna r \n south east rot or st\cK, and r°* e ~e >y\ctoarr* ho* t0 ha110 words
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REGIONAL
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Article, Illustration698 1980-09-13 3 AP CHINA'S new premier, Zhao Ziyang, spelled out his bold new economic policies on Thursday in his first speech since he took over from Communist Party Chairman Hua Guofeng. The occasion was a banquet in the Great Hall of the People for Robert Muldoon,AP - 698 words
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THE REGION IN BRIEF
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Article444 1980-09-13 3 Agencies JAPANESE Foreign Minister Masayoshi Ito will tell US Secretary of State Edmund Muskie in Washington next week that Japan has no plans at present to lift its economic sanctions against the Soviet Union. Japanese sources said Mr Ito will have a similar message for Soviet Foreign MinisterAgencies - 444 words
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216 1980-09-13 3 AP GROWTH in Japan s total trade in the second half of the current fiscal year ending March 31. next year would fall sharply in reaction to expected sluggish economic activities overseas. The Economic Planning Agency made the prediction after its survey last monthAP - 216 words
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Article269 1980-09-13 3 UPI AUSTRALIAN Prime Minister Malcolm Fraser said the United States was granted military facilities on Australian territory to strengthen the Western alliance against the Soviet Union. In a foreign policy speech to federal parliament on Thursday, Fraser emphasised the importance of the Western alliance toUPI - 269 words
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Article, Illustration382 1980-09-13 3 EXPECTED ARRIV ALS TODAY KEPPEL WHARVES Barge Hai Lian No 4 (0530) 41 Bunga Mas (after Sea Venture) 45A Equator II (after Jenson) 22 Mikhail Vladimirskiy (0730 tide, after Summer Sea) 29/30 Morobe Coast (1000) 21 No 3 Do nam (0600 after Odorhei A Selamat Da tang382 words
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Article132 1980-09-13 3 Reuter CHINA and the United States have tentatively approved their first textile trade agreement, setting quotas on Chinese exports of apparel till 1962. The US State Department said representatives of the two countries, meeting at the department, initialled a draft text of the agreement which resulted fromReuter - 132 words
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Article115 1980-09-13 3 Reuter THE Philippines" interim national assembly has approved intact a 54.8 billion pesos (U557.25 billion) budget for 1981. up 13 billion pesos on this year. The budget for the calendar year now goes to President Marcos (or signing. It anticipates government receipts of 45.3 billion pesos,Reuter - 115 words
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Page 3 Advertisements
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Advertisement654 1980-09-13 3 An important announcement for collectors One of the world's most highly acclaimed bird artists creates his first porcelain vase... THE MEADOWLAND BIRD VASE Mpr> ru- j Hr f M wtr< .•y m *0T MM ft h> h; f x'&fv W> m I I M Li m r m J I654 words
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RAW MATERIALS
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Article712 1980-09-13 4 COFFEE: Robusta futures yesterday closed the morning quietly steady around the session's lower levels and with losses from Thursday of £46 to £33 a tonne. Turnover was 1,783 lots including one option. Dealers said prices eased after the opening call on a combination of dealer liquidation and stop-loss712 words
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Article150 1980-09-13 4 THE KUALA LUMPUR palm oil market yesterday ruled slightly higher despite a reserve of sellers with operators awaiting the day's Chicago movement, dealers said. Trading was generally quiet with the Central region in September easing Mss to $780 while October rose $5 to $785, and November and December150 words
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Article193 1980-09-13 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20s 2,035; 32s 2,605, 40s 2,860 (per bale of 400 lbs). Pleec g—da: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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322 1980-09-13 4 IN CONTRAST to the recent steadier trend, prices fell back some seven cents a kilo before partly recovering to wmrfi the period 314 cents down on balance. Trading conditions were erratic at times, while turnover was fair, says HiMiy, Catfer, Bath ft Ca322 words
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Article126 1980-09-13 4 Reuter AN IMPROVED method of coconut aqueous processing, producing new types of food quality products including high protein skim milk powder, will be used by a US company for a planned factory in the Philippines. Officials of the Red V Coconut Products Ltd said the process was developedReuter - 126 words
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Article176 1980-09-13 4 CHINESE Pniace Exchange, Saga pare, clesiag prices per lMkg yesterday: CteHit «U: Bulk fob 120.00 sellers, old drum (in second hand drum) fob $130.00 sellers, new drum fob $136.50 sellers. Csfva: Mixed (loose) $72.00 buyers. Pepper: Muntok white pepper fob Asta NLW $440.00 sellers, Sarawak white pepper faq176 words
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285 1980-09-13 4 Reuter CRUDE palm oil exports from Peninsular Malaysia fell to 4,943 tonnes in April from 8,667 tonnes in March and processed exports to 151,112 tonnes from 182,276. This compares with crude and processed exports of 20,579 and 142,906 tonnes respectively in April 1979,Reuter - 285 words
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Article323 1980-09-13 4 OPENING prices on the Singapore rubber market yesterday were marked down about two cents on easier London advices, but recovered latter on a reserve of sellers, forward demand, covering interest and speculative buying. Sentiment was also aided by reports the us intends to increase to 850,000 tonnes the stockpile323 words
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Article302 1980-09-13 4 RAS prices In cents per kUo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 3M.50 306.50N Int. 1 R.S.S. October 309.50 310.00 Int. 1 R.S.S. November 314.50 315.00 Int. 2 R.S.S. 298.50 299.50N UK/Coot 297.50 298.50N Int. 3 R.S.S. 296.50 296JON UK/Coot 294.50302 words
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Article97 1980-09-13 4 NOON SSI and SMR pricaa yaa» ardajr IAS Octal (Carnal BayaraE 387.00 364.00 Mr t Mtk) noraibar (Forward Mtk) SSR20 SSRSO (1-toa pallat) (lloo pallet) 389.00N *****N oayara 366.00 386.00 270.00N 387.0QN SMRCV SMRL SMR 6 SMRGP SMR 10 (Hon pdM) 11 loo pallet) (1 too pal><97 words
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Article39 1980-09-13 4 Rubber: Sept 12 Singapore: Oct: 312.00 cents (up 1.60 cents) Malaysia: Oct: 313.00 cents (up 1.60 cents) Tin: M 52,222 (down $13) (equivalent to $36.74 per kilo) (down 21 cents) Official offering: 166 tonnes (up 30 tonnes)39 words
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Article79 1980-09-13 4 THE STRA1T8 tin price In Penang yesterday Ml M$1S a pfteul to $2,222 $77 above the Internatlml Tin Agreement eelHng. Conditions tnrned easier, mainly depresaed by tke overnight weakness In Lendan, same addltlenal supplies of tin (ram miners and the withdrawals ef US biyers, dealers said. Adding the79 words
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Article329 1980-09-13 4 BINOAPOUS: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first cla* (Kangaroo) new crop 1.08, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.72, Special 0.68.329 words
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Article171 1980-09-13 4 CHICAGO soybean futures on Thursday finished strong, up 6V4 to 2Vi US cents a bushel, on the day's highs. Local and commission-house short-covering and fresh buying carried values higher. Prices fluctuated on both sides of market from the start on local evening up ahead of the day's much anticipated171 words
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Article168 1980-09-13 4 WHEAT futures on the Chicago Board of Trade on Thursday closed 3 I A US cents to half a cent a bushel higher in revived trade. Prices ended near the top of a widened six-cent range. Local and commissionhouse short-covering ahead of the afternoon's USDA crop report lifted prices168 words
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ASIAN STOCKS
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Article676 1980-09-13 4 TOKYO WITH only a little extra effort, the NDJA surpassed Y7OOO yesterday. The non-resi-dent investors remained as the prime driving force, by which the blue-chips were thrust into yet another higher price zone. At the same time, the individual investors were also active, hence effecting thorough676 words
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Article322 1980-09-13 4 Source: THE market yesterday opened on a weak note but strengthened rapidly. Profit-taking set in at mid-morning but the market then steadied to close the morning up 025 of a point. The afternoon session opened dull but firmed in late trading. A hotel, on the heels of an denialSource: - 322 words
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Article342 1980-09-13 4 TRADERS, spurred on by higher gold and silver prices, were unaffected by news of an early Federal election and the market gave its best performance of the week yesterday, brokers said. Mim, led the heavy- weights by putting on 40 cents while CRA rose four cents, Western Mining gained342 words
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Article214 1980-09-13 4 SKPT 12 Bah is A»ia Credit 121 1 A Ma Fibre 108 5 Ayuthaya Inv V And Trust Bangkok Investment Bangkok Bank 260 2 Bangkok Drying And Silo Bangkok Insurance 717 24 Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia Bank Of Ayudhay* Lid Bala Berli Jucker Carpri InterNational214 words
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Article146 1980-09-13 4 THE STOCK market was firm yesterday although turnover fell slightly to 7.5 million pesos from 8.2 million on Thursday. Among gainers were Atlas Con B, Baguio Gold, Benguet Con B, Lepanto B and Ist Phil Hldgs. There was no notable loser. SKIT 12 Pesos Acoje Mining 007 unch Alius146 words
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Article53 1980-09-13 4 FINANCIAL TIME8 INDUSTRIALS Thursday 503j0 Wednesday SOU Week Ago 490 J DOW JONES AVERAGE INDUSTRIALS Thursday Ml JO Wednesday 938.48 Week Ago 948.81 ILK JIANG SENG Friday 1220.35 Thursday 1212.37 Week Ago 1212.71 SYDNEY INDUSTRIALS Friday 725.52 Thursday 719.98 Week Ago 720.02 ALL ORDINARIES Friday 975.44 Thursday 984.9553 words
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Page 4 Advertisements
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Advertisement33 1980-09-13 4 fiEvimmm f m v« tM tA*w n< s1 GUYN.SMJB). Mark Ronton 'S 1 ijiiiiji h'ljiii ?T«T»] iVU(] 1.7-1 i lib n BHlAii'il.V l »ll r i(!ii]7!ir?] Available at all good bookshop*. Distributed by33 words
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OVERSEAS
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365 1980-09-13 5 Reuter SAUDI Arabia has yet to decide whether to cut oil production in the last quarter of 1980 from the present 9.5 million barrels per day (bpd), Abdulhady Taher, governor of the Saudi State Petroleum Co (Petromin) said. Asked whether a cut,Reuter - 365 words
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225 1980-09-13 5 Reuter A TEAM of North American economists said on Thursday the British government should not impose import restraints and should continue to produce North Sea oil at the current rate. They said British products could be made more competitive without resorting to protective tariffsReuter - 225 words
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216 1980-09-13 5 Reuter WEST German Chancellor Helmut Schmidt warned on Thursday the world could be plunged into an economic depression if rising oil prices caused nations to resort to protectionism. Mr Schmidt said this danger to world order should be ranked alongside those posed by the SovietReuter - 216 words
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Article67 1980-09-13 5 AP UNESCO Director-general Amadou Mahtar M'bow will make no specific recommendations at the forthcoming general conference on the controverial Macßride Commission on World Communications, and will leave future action up to the assembled delegates from some 150 nations, a source in Paris said. Former Irish Foreign MinisterAP - 67 words
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580 1980-09-13 5 UPI THE army seized control of Turkey in a pre-dawn coup yesterday, arrested the nation's premier and banned all political parties in an attempt to stem left- and right-wing violence that has left 1,800 people dead this year in the strategic Nato country.UPI - 580 words
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WORLD IN BRIEF
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Article418 1980-09-13 5 Agencies MORE US-based companies are forming international joint ventures with foreign partners to establish new markets for their products, the Conference Board said in a study. The study, based on surveys and interviews with 168 companies, showed most companies in the Fortune 500 list now are involvedAgencies - 418 words
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Article110 1980-09-13 5 Reuter A WEST German company has successfully demonstrated an amphibious lorry which can take freight from ships and transport it overland. The makers, Krupp subsidiary Buckau-Wolff, said the huge "amphi truck" transporter was especially suitable for developing countries without harbour facilities. The transporter, 12.45 metres long,Reuter - 110 words
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Article670 1980-09-13 5 ARRIVALS Service Local Operator Number Tine Froa MAS MH601 0700 KUL FT FT71 0710 JFK/ORD/KUL SIA/BA SQ/BA17 0715 LHR/BAH SLA SQ101 0815 KUL MAS MH621 0635 PEN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CAL C1814 1000 HLP CPA CX710 1005 HLP670 words
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Page 5 Advertisements
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Advertisement524 1980-09-13 5 No mystique in this magnificent investment A good Oriental carpet has a charisma which derives from an aesthetic fusion of design, artistry, technical construction, durability, symbolism, history and age. The better the carpet the more powerful the charisma, and additional factors come into play such as rarity, intellectual clarity condition.524 words
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Article417 1980-09-13 6 IT WILL be a long time yet before the average Singaporean, comfortably slumped in his armchair before the television set, is likely to stir himself to answer the telephoned questions of a market researcher intent upon finding out which programme he is watching, or what sort417 words
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199 1980-09-13 6 THE GREEN light has finally been given to a non-resident foreign bank to issue floating rate certificates of deposit. To nurture the Asian dollar market during its infancy, the Monetary Authority of Singapore has deliberately created an environment conducive to the growth of the199 words
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Article766 1980-09-13 6 IKUO ANAI - POST OFFICE SAVINGS By IKUO ANAI Reuter JAPANESE banks are fighting a government plan to prevent tax evasion which they fear will channel even more private deposits into post office accounts. The banks claim that the so-called green card system, to be started in 1984,Reuter - 766 words
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Article, Illustration591 1980-09-13 6 SAJID RIZVI - By SAJID RIZVI UPI INSPIRED by Ayatollah Khomeiny in neighbouring Iran, Muslim fundamentalists are boldly ignoring public outrage and challenging the secular character of the Turkish Republic. "Secularism is atheism," said a slogan at a rally in Konya, the central Turkish city known for its "whirlingUPI - 591 words
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Article374 1980-09-13 6 r Letter to the Editor J Dear Stir, We refer to your article "Haw Par sells HK building" in your Business Times dated Sep 5,1960. In this article, it was reported that: "The group's search for other high growth companies to raise its operating income has led374 words
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Page 6 Advertisements
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Advertisement207 1980-09-13 6 Li 1 k •J TO Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative207 words
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Page 6 Miscellaneous
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Miscellaneous13 1980-09-13 6 BllStoW: Frank Di cken£ co e BuDtJd.ni aec*-*-k« f-i *ljd vtt-u'.f 3 3S13 words
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Miscellaneous1332 1980-09-13 6 r TV& RADIO John Denver in Starparade TODAY'S itivvMum prepuMM are a leag way frem aaythlag te erew sheet tart at least they are irteg the rest «t the week. The mere htafuMag •we start at Ipm ea mmmtA S. Pint there b Leaadiee »ai the Pepe amidst the eeeaeleaal1,332 words
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Article, Illustration1611 1980-09-13 7 KENNETH GOODING - Ford's new 'world-car', developed as part ol a US$3 billion Erika project, will go on sale at the end of this month in Europe and the United States. What are the chances of Ford reversing its current downward slide with the Erika models?FT - 1,611 words
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Article1040 1980-09-13 7 MATTHEW SYMONDS - By MATTHEW SYMONDS FT NEXT MONTH the UK state-owned car maker BL will launch what is possibly the most significant car in the history of the British motor industry a car whose (ate may determine whether there is a recognisable motor industry in Britain at theFT - 1,040 words
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Article834 1980-09-13 7 TOM WICKER - FORUM i with TOM WICKER NYT PRESIDENT Carter and his advisers say he loses less by staying out of the first debate than he would by agreeing to John Anderson's participation in it. Maybe so, and as Richard Nixon in his inimitable style has putNYT - 834 words
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Page 7 Advertisements
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Advertisement179 1980-09-13 7 MERLIN OPENS IN JOHORE BAHRU 5 •w mm w. 1 sU« x V ,> PRMI i > i i MdkS gt t- fWmm i XTT V At Merlin Tower Hotel you will enjoy the warmth hospitality and standard of services that are provided by the Merlin Hotel Chain. 104 comfortable179 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article200 1980-09-13 8 SEPT 11 Fls JtHN 317.00 5 IfeoM 70.50 0 4 Ak/o 21 80 unch AMEV 8820 -OJ Amfiis 102.00 -35 Amrobnk 66 SO 1.3 Bertoss 38 50 -05 BHTI M SO 0.5 Bol% 58 00 -IS Uor%umij 235 00 unch burhmann 87 20 ♦02 Byrnkorf 4800 -1 Lalarid 24200 words
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Article272 1980-09-13 8 SEPT 11 Frs CORBEILLE Air-Liquide 408 50 5 B S N Oervais Danone 1028 unch C 8 K (ThomsonCsf) 520 C>e Francalse des Petroles 240 Compagnie Kuuncwrt Compagnie Generals 402 Credit Foncier De France 440 10 -09 Hachette (LI bra met 252 -4 Machines Bull 58.55 unch Mlchelin (B)272 words
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Article96 1980-09-13 8 SEPT 11 Krj FORWARD MARKET Acer -r 287 unch Arbed 1380 -28 Aslur 400 unch Brase an 800 50 Bru-Lamb 1200 unch Canpac 1196 -8 Cock 197 7 De Beers 336 -7 Ebes 1850 -5 Flectrobel 5690 -90 Gb-Inno-Bm 2275 -10 Oe* 1200 •4 Hobok 2530 unch Petro 485596 words
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Article202 1980-09-13 8 SEPT 11 Dm Aeg-Telefunken 8620 Akzo 1990 -0.1 Allz L*ben *****0 unch AJlz Vers ***** 1 BASF 128 10 Bay H T Wbank 255 90 Bay Vbtnk ***** -0.5 114 JOB BBC* *****B BMW 157 00 t} ***** Chem Verw ***** -tt CommerzbanlL ***** -08 ConU Oumml 62-50 Daimler-Benz202 words
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Article175 1980-09-13 8 SEPT U Actions Suisse* Ahisuisse Br. Aiusulur Reg. Brown Bovert Br Ciba Oeigjr Br Ciba Gelgy PC Ciba Oeigy Reg. Credit Sulssr Br Credit Suisse Reg Elektrowatt Br. George Fischer Br Globus Pt Hero Br Pranes 296 1275 IMS 1106 ass 000 2454 422 2575 aso 306B 3120 urvch175 words
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Article104 1980-09-13 8 SEPT a Lire Ante (.05 -0 45 Aaaoc Gen ***** 680 Bastugi 579 -i Central* I47S0 unch rut 2045 PlntMlrr 87 unrh Gen Immob 1980 *to IF! Pri 2940 unch Italcemenli ***** 450 I taigas 1110 -g ItaUider 349 -1 Magneti M Pf 520 unch Marrlli Ere 318 .7104 words
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Article131 1980-09-13 8 Hi Dora Tar 26 Dome Mines 152 1 4-1, Kaiconbrldge 13*' I'.Kalconbridfe Cop Genstar 41 Ol Wnt Life 165b unch Gl Yellow Knfe 37 Ouir Oil Can 29 Hollinger Home Oil Hud Bay Min 34 Imp OU 40 Inrn 31 lnt Prov Ptpe 17 s Int Uts 27'. .1,131 words
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Article321 1980-09-13 8 SEPT 11 Rand INDUSTRIALS A Alpha 430 -10 Aberrom 350 unch AE And CI 975 -10 AMIC 2800 -100 Barlows 1175 -15 Cf Sugar CNA 1850 585 unch Currie Finance 2706 De Beers Ind 3200B unch Edcon 875 •5 Edgars 9000 unch Eveready Fed Volk "I. 545 -10 Kugit321 words
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Page 8 Advertisements
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Advertisement219 1980-09-13 8 Where to wine, dine and entertain Snacksfor your island treks 8 9 Take .your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m Saturday, Sunday Public Holidays 8.00 a.m. —6.00 p.m. A >» Dolphin Snack Shop219 words
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Advertisement144 1980-09-13 8 fnJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open dailv 12 noon 3 p.m. 6.30 p.m —10 30p m hor reservations call *****77 a «-iHnr\ I'ni'k Hlm'l'iiloii S-«F«aton hotels A\: w> ;.nui own SSI mH Si.jdp* if* n7<¥>:: ANA 'f FISH HEAD CURRY AT THE ISLANDER Fish144 words
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Advertisement102 1980-09-13 8 X The Great Family Do-tt-Mxirself Barbecue. PoofcMe at the lust choose what you want and barbecue it Meat seafood, salads, sauces. Chefs hat and apron available *20+ for adults. SI 4+ for each daid under 12 Anytene from 7pm-10 30pm A Merlin GriU Speciality From Mongolia comes a barbecue more102 words
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Advertisement198 1980-09-13 8 Ihi I Itirnate Dinner Imitation! Chef Leo s Surprise Gourmet Ale////. r.r. B r.r IMS WTT.j.r--i Sffi ir/jt '-limit 2> SkSSJf/.Lj HB£ v > Each night except Sunday, Chef Leo will personally create and prepare a very, very special surprise five course nouvelle cuisine menu. Cocktails are served from 7.30198 words
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Advertisement257 1980-09-13 8 The American Express Card serves you well wherever great food is served Welcome To apply for the American Express Card, call 2358 133. Kill I IJtfl.il (I v- 1 y IKik v r (LT^L~%\ s mitV \f >- ?r--vr a> .4 What bettor place to anjoy a banquet? Palatial sumjundmgs257 words
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BANKING AND FINANCE
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Article437 1980-09-13 9 THE US dollar closed narrowly mixed against major currencies after fluctuating on news of the military coup in Turkey, in late nervous trading yesterday, dealers said. Trading was generally quiet during the morning but turned moderate in early afternoon trading with the US dollar firming on higher Eurodollar437 words
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Article22 1980-09-13 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11 per cent.22 words
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Article184 1980-09-13 9 ASIAN ASIAN currency deposit Interbank rates as at close on Sep 12: US Dolltn(Sitt) Offer Bid 7 days 10 3 10H 1 month 11 >4 11 2 months 119/18 117/18 3 months 11% 11 v« 8 months 12 v« 12 Vi 9 months 12V« 12'» 12 months 12 V, 12V*184 words
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Article48 1980-09-13 9 RANGE at prices offered by discount houses on Sep 12: Overnight. T% Call deposits: 6V«% to 7% Closiac Buyiag Sellimf 3-month Treasury bills 7 6 7 3-month Bank bills S 11/16 9 9/16 3 months CD 9'4 9H 6 months CD 9H 9W Source: National Discount Co48 words
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Article367 1980-09-13 9 SINGAPORE gold futures yesterday closed sharply higher compared with overnight levels. Opening quotations were marked up around US$l2 to $14 an ounce following the metal's strength in New York on Thursday and also to the rise in Hongkong yesterday. Thereafter, prices held steady during the quiet morning's trading. The367 words
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Article39 1980-09-13 9 FRANKFURT exchange: opening quotes on Sep 12: US 1.7797/7805 (1.7785/75) Stg 4.299/304 (4.280/290) Can -1.5328/43 D F1 91.86/96 S Fr -108.13/26 Lit 2.100/04 P FY 43.03/08 NKr 36.95/37.00 B FY (con) 6.23/24 B FY (fin) 6.161/171 Yen 0.8294/830439 words
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Article206 1980-09-13 9 STERLING and the US dollar yesterday firmed against Continental currencies in very quiet trading, with the market unaffected by any new factors. Sterling firmed to U552.4136/43 from its close on Thursday of 2.4120/30, but was below its New York close of 2.4180/90. Dealers cited high UK interest rates, and206 words
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Article161 1980-09-13 9 THE US dollar yesterday rose against major European currencies and held steady against the yen in quiet late trading. Dealers attributed the dollar's rise to higher Eurodollar interest rates, commercial buying from Europe, and position squaring ahead of the weekend. The dollar rose to 1.7797/ 7802 marks from an161 words
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Article49 1980-09-13 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 15 to 19 Offered: $50,000,000 Applied for: $119,060,000. Allotted: $50,000,000. Accepted bids: $96.25 approximately 3 per cent; higher bids in full. Average rate of discount on allotment: 6.975 per cent per annum.49 words
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Article194 1980-09-13 9 THE DOLLAR for overnight delivery yesterday closed at 214.70 yen, up from a 214.00 opening but down from 215.40 at Thursday's close. Trading was active, with volume US$B9B million. The dollar steadied in slow late trading after recovering from an initial dollar slump reflecting its overnight fall against the194 words
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Article63 1980-09-13 9 QUOTES on the Australia and New Zealand exchanges on Sep 12: AUSTRALIA: US dollar 1.1745/1.M7 Sterling 0.4869/0.4814 90-day air mall buying rates: Sterling 0.5113 US dollar 1.2162 90-day forward buying rates: Sterling 0.4907 US dollar 1.1711 NEW ZEALAND. Reserve Bank midrate: US dollar 0.9868 Trading Bank indications: US dollar63 words
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Article1091 1980-09-13 9 BONDS LOANS THE World Bank office in Tokyo declined to comment on i Japanese newspaper report that China is seeking a US$4BO million loan from the bank for an electric "j power project. The financial dally Nibon !f Keizaj Shimbun said In an unsourced report the cash e would account1,091 words
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1182 1980-09-13 9 NEW YORK STOCKS on Thursday edged higher over a wide area with precious metal issues and some stocks linked to takeovers making some of the best gains. Analysts said there was little in the news affecting the market and linked the gains mostly to bargain1,182 words
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515 1980-09-13 9 LEE YOKE MENG - BY LEE YOKE MENG THE compound rate of growth for American Express' sales of travellers cheques in Asia over the next few years is forecast at 26 to 27 per cent. Increasing the number of issuing outlets may also help to generate further interest515 words
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160 1980-09-13 9 FT THERE will be little scope for employing the European currency unit (ECU) in commercial banking transactions until European Community central banks take a number of positive steps to change its status. A report by the Banking Federation of the EEC, preparedFT - 160 words
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524 1980-09-13 9 Reuter A SAUDI Arabian prince is leading a quiet revolution in the Muslim world in a drive to create banks which operate under Islamic law. In just three years, a network of Islamic banks Ms been established stretching from Pakistan through theReuter - 524 words
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Page 9 Advertisements
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Advertisement190 1980-09-13 9 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: An Assessment In 1969 2 Changes In Organization And Management190 words
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1704 1980-09-13 10 BID and offer prices officially listed and business in and reported lo the Stock Exchange of Singapore yesterday with the number of shares traded •ho*™ in brackets in lots of 1,000 units, unless otherwise spdtified. SECTION ONE INDUSTRIAL COMMERCIAL A«jia (3.408 1448)1,704 words
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Article145 1980-09-13 10 ONGAFOftE UNIT TBUBT OVUMMffMC The Commerce 100 3.15 (Me—furs' prtocs tar Sep U If) Union Spore Fund 1.18 i.a The Savings Fund S'pore Prog Fund L* 101 138 L« mcwnioNDum S'pore Sec. Fond S'pore Invest Fund 110 lllzd LTT 1.8S Income Bond 1.31 1J8 S'pore Equity Fund 134145 words
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Article2797 1980-09-13 10 1980 Hifk Low Conipiijr Last Sale orGr't Div Div CVr Gr*s YTd Net P/E Vol (•OOO) Day 1 Higk Low SECTION ONE INDUSTRIAL COMMERCIAL 370 270 146 170 374 34 352 468 352 446 245 Acma 220 Alcom 116 Allied Choc 140 BAT 270 Bata 60 Ben2,797 words
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Article1868 1980-09-13 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. mxsntiALs «JmmHi (3.508) Aleea (2.635) (6) 2.56 (5) ICO cd Ales BeM1,868 words
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Article, Illustration687 1980-09-13 10 THESE was as let ep to balllsh activity yesterday aad share prices esattaaed to swfe ahead at the Sagapore stock market. Blae chips rem» toed wellCavoared aad, ea the hack of heavy galas la selected stocks, the Straits Time* ladastrial ladex made aa almost687 words
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Article632 1980-09-13 10 BUOYED by sustained buying interest, share prices moved broadly higher for the third consecutive session at the Kuala Lumpur stock market yesterday. Trading was fairly active, especially in the afternoon when sentiment was at its best. The tempo was comparatively slower in the morning as investors were632 words
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COMPANY NEWS
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Article, Illustration1341 1980-09-13 11 THE Kuala Lumpur stock market's fast sprint to a new peak in tandem with Singapore late this week seems to reflect the general view that it had merely undergone a spell of correction when the New Straits Times Industrial index began inching1,341 words
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695 1980-09-13 11 KEPPEL Shipyard's proposed public issue of 30 million new shares will allow the public to take another stake in the buoyant shiprepair market which will remain the mainstay of Singapore's marine industry at least for the next six to 10 years. The performance to-date695 words
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290 1980-09-13 11 GROUP pre-tax profits of Public Textiles, the subject of an on-off merger with Syarikat Malaysia Textile Industries, rose sharply to $613,619 in the six months to June 30,1900. This figure, however, includes a profit of $220,000 from the sale of its land and290 words
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569 1980-09-13 11 UK-BASED Harrisons Malaysian Estates (HME) barely met market expectations when it turned in pre-tax profits of £31.26 million (about $159.4 million) (or the year to Mar 31,1900. The marginal 2.6 per cent growth rate contrasts sharply with the 21 per cent increase in569 words
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Article599 1980-09-13 11 tohuzb by HOCK LOCK SIEW EQUITIES never had it so good in Singapore. The formidable €11.96 mark on the Straits Times Industrial index has been breached. Investors' fancies have been tickled. Where does the market go from here? Backed by the confidence generated from the good economic performanceby HOCK LOCK SIEW - 599 words
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Article144 1980-09-13 11 THE unaudited consolidated net tangible asset backing of Overseas Union Securities rose to $1.71 per share on Aug 31, from $1.68 the previous month. KHONG Gaaa Holdings does not expect any material change in the group's profitability for the current financial year after the issue of a three-for-five144 words
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Page 11 Advertisements
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Advertisement436 1980-09-13 11 Businessmen, Are Yeu Getting Your Share of the Billion Oil Industry? The South East Asia Oil 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 coverage436 words
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465 1980-09-13 12 Reuter AN OPEC ministers' meeting in Vienna on Monday will try to agree on a strategy for ensuring that oil prices rise steadily in real terms during the 1980s and output is held down, according to Opec spokesmen. On prices, a proposed formula toReuter - 465 words
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Article199 1980-09-13 12 AFP SOUTH Asia Diecasting, a Hongkong metallic toy manufacturer, will set up of a plant costing Sss million in Singapore. The main reason for the decision is to expand sales to the European Economic Community, the Hongkong Standard reported yesterday. The paper quotedAFP - 199 words
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Article156 1980-09-13 12 Reuter A SERIES of bomb blasts across Manila killed an American woman and injured about 18 people yesterday in an apparently stepped-up campaign against the government of President Marcos. The American woman, 51-year-old Annie Kuzmuk of New York, was killed instantly when a bombReuter - 156 words
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Article818 1980-09-13 12 LONDON. Fri. Share prices were firmer in moderate trading on news that year-on-year UK inflation dropped to 16.3 per cent, dealers said. At 3pm, the FT index was up 4.1 at 507.1. Leading industrials were mainly 2p to 4p higher. Government bonds were up to point higher and818 words
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Article107 1980-09-13 12 Reuter DISSIDENT sources yesterday reported fresh strikes across Poland as the main Communist Party newspaper said continued stoppages were wrecking the economy. Dissident sources said a wide range of enterprises in northern, central and southern Poland were on strike, including an important steel foundry with 4,500Reuter - 107 words
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343 1980-09-13 12 THE Malaysian Ministry of Transport has directed Malaysian Airline System (MAS) and airfreight forwarders to work full capacity round-the-clock to clear cargo at the airport. The directive was issued at a meeting between customs and MAS officials, representatives from the Airfreight Forwarders Association,343 words
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Article241 1980-09-13 12 UPI SECOND Deputy Prime Minister (Foreign Affairs) Mr S. Rajaratnam, said he had assurances from four countries they will support the ousted Kampuchean regime of Pol Pot at the forthcoming United Nations General Assembly meeting. He said on his return from visits to Saudi Arabia, Bahrain,UPI - 241 words
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Article125 1980-09-13 12 THE UNITED Peoples Front has announced another two candidates for the coming general elections. For the electoral dividsion of Telok Blangah, the party will field Mr Hashim bin Mukayat, a 45-year old businessman. He was a UPF candidate for Buona Vista in the 1976 General125 words
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Page 12 Advertisements
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Advertisement157 1980-09-13 12 Can one man's greed upset the balance of world power? A r :\'V V r E C. v V V) m. m 0 m wl 9 W m Va Va 5r O Morgan Khoo, an obese Chinese tycoon addicted to ice-cream and youthful flesh, masterminds a daring scheme to make157 words
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Page 12 Miscellaneous
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Miscellaneous60 1980-09-13 12 WEATHERI Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report for 24 hoars prior to 7.39 p.m. on September 12 at the airport. Maximum temperature 32.1 Associated humidity 66 Minimum temperature 23.7 Associated humidity 100 Hours of sunshine 10.00 Rainfall in millimetres Nil Total rainfall for60 words
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LEISURE TIMES
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Article, Illustration780 1980-09-13 13 RICHARD SEAH; RICHARD SEAH - No one can now plead ignorance of not knowing who Ho Chong Wing is. His first record, Asian Delights, has taken him out of obscurity. Sing along as Ho Chong Wing plays his harmonica. RICHARD SEAH finds the selection pleasant and soothing to the780 words
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Article, Illustration954 1980-09-13 13 PATRICIA GOH - By PATRICIA GOH IF YOU'VE never seen a Hoffnung concert, do go and see one when you come across it. They're not performed very often, and may not be everyone's cup of tea but taken in good humour, it serves to bring all those with airy fairy ideas954 words
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Article, Illustration1043 1980-09-13 13 RONALD KOW - By RONALD KOW DISCOVERING, especially at this late stage in life, that the dictionary defines evening as "that part of the day between about 6 pm and bed-time" can bring to mind those awkward occasions around noon or midnight when you are not sure whether you ought to1,043 words
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Article, Illustration63 1980-09-13 13 THE OMENTAL LOOK «HI Iwrni ipo aakw at the HtMajr 1m Mi»y hilliiF h reMMj^Ua hnLft**iiilft art Aww'tlli lliitte. OMn tan «a j^iijMhal 25? tataTwM(to£r «a Iks Suy a paatati nek aa ptefc, pw aai tain. Hta SmbT "T «m%kWe«t, U Jart tab* tta &rs= jsc; 1,1 fiMHNMptai63 words
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Article, Illustration257 1980-09-13 14 FROM THE HORSE'S MOUTH THE RACING fraternity will be in Ipoh this week for the Saltan's Gold Vase. This MM metre straight contest is less sf race than it is a cavalry charge and the penalty far a slaw start is to have virtually na chance. Bellas257 words
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Article393 1980-09-13 14 TODAY GOLF: Jurong. The qualifying round for the Jurong Country Club Championship and the Intermediate Cup competitions will be held with the strokeplay monthly medals. Warren. The first round of the 72-hole strokeplay Club Championship starts off with the 'C' division golfers who will play 18 holes393 words
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Article, Illustration821 1980-09-13 14 CHARMAINE CHAN - Come Sep 21 and we'll know which of the five clubs SICC, Seletar, Warren, Jurong and Sembawang will sweep the top three placings of the PAL Swingaround Premier League. CHARMAINE CHAN gives you the details. CHARMAINE CHAN A LITTLE more patience is expected821 words
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Article, Illustration1298 1980-09-13 14 CARS from Opel never seem to go down very well here in the Singapore market. But way yonder in Europe, Opels have a strong reputation for sound engineering and reliability, which should be a decisive factor in consumer's choice. Perhaps local consumers are too pre-occupied with1,298 words
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Article, Illustration788 1980-09-13 14 NG LOKE KOON - By NG LOKE KOON ACCORDING to the advertisement, "If ever I see You again" (produced in 1978 and soon to be screened at Orchard Theatre) is the most romantic love story of the year. If the claim were true, a lot of788 words
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Article70 1980-09-13 14 o«it tolls »re they latc fthrayt kcflulil, tk«y wre aitte mm*. Am nHen aetM that after Mm «f thi cMmM markai the eei'iect ft Ml, Ike h>U ahmya toveDe* Iftrther mmi straight» thM it tfi vhea It m wiift. ExpertmH m Mntei Ml fegr MMrtfcrttirw, ud grarfaaßy the erihfcM70 words
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Article1002 1980-09-13 14 RONALD KOW - mm By RONALD KOW YOU CAN say that the Lion City Cup under-16 soccer tournament came to the end of yet another successful season. The visiting teams came, saw and some of them even conquered. The tournament won international recognition as the only one of1,002 words
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Page 13 Advertisements
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Advertisement75 1980-09-13 13 [BUSINESS TIMES] When we say business we mean just that ON NEXT PAGE Fivs in tha running for th« PAL golf trophy. CHARMAINE CHAN lists tho nsmos. A round-up of happy snd unhappy occasions of Singapors soccar by RONALD KOW. Simplicity is tha Bartina's aalling poini 9 wriiM nbnMtSt And75 words
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Advertisement6 1980-09-13 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Page 13 Miscellaneous
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Miscellaneous814 1980-09-13 13 WHAT WHERE CONCERTS AT THE DBS Auditorium today at 2pm is the performance of the 1M Children HvmMiea Baad. The children joining this presentation of the Concerts for the Young are from the Convent of the Holy Infant Jesus Primary School, Geylang West School, Ghim Moh Primary School and Joo814 words
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