The Business Times, 1 November 1980

Total Pages: 16
1 16 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 111/1/8# SATURDAY, NOVEMBER I,1«M 5« CENTS
    10 words
  • BRIEFLY...
    • 84 1 THE GOVERNMENT has appointed Mr Low Choon Ming as the next High Commissioner to Australia. Mr Low, who until recently was the Minister-Counsellor at the Singapore High Commission in London, will leave on Nov 2 to take up his appointment in Canberra. He succeeds Mr See Chak
      84 words
    • 71 1 UPI MANILA, Fri. President Marcos said today authorities have arrested a Filipino woman married to an American on charges of planting* a bomb that exploded at a US travel agents meeting in Manila. Authorities described the woman as Mrs Doris Baffrey who worked at the Philippine tourist office
      UPI  -  71 words
    • 61 1 AP BEIRUT, Fri. Iran's central bank director says the Shah's fortune, demanded as a condition for the release of 52 American hostages, amounts to at least US$7 to $11 billion. Mr Ali Reza Nobari, a 32-year-old US-educated economist, said the money could be returned gradually if the US
      AP  -  61 words
    • 74 1 AFP JAKARTA, Fri. Indonesian police and tax officials have uncovered a big tax swindle involving a leading international-class hotel here, perpetrated over several years with the use of false bookkeeping, police spokesman Brig. Gen. Darmawan disclosed. The Horizon Hotel, a luxury hotel in Jakarta's Ancol Beach resort,
      AFP  -  74 words
    • 43 1 UPI MANILA, Fri. Military authorities today accused Malaysia of using Mirage jet.fighters to buzz a disputed cluster of atolls claimed by the Philippines. The authorities said the incidents occurred after Philippine troops removed a Malaysian marker planted to denote territorial limits.
      UPI  -  43 words
    • 59 1 UPI BANGKOK, Fri. Prime Minister General Prem Tinsulanonda returned today from a five-day official visit to China which was described as successful. During his first official visit to China, General Prem was expected to enlist China's help in defusing the volatile Indochina situation where 200,000 Vietnamese troops occupy
      UPI  -  59 words
    • 64 1 Reuter EDMONTON (Canada), Fri. Alberta, Canada's main oil-producing province, plans to cut production by 15 per cent in retaliation against higher taxes on oil and natural gas and other proposed federal energy measures, premier Peter Lougheed announced last night. He said his government would propose to the legislature
      Reuter  -  64 words
  • 146 1 Rises Straits Trading 1290 170 Pt|i Msia 1050 +130 Syn Renins 870 115 Tronoh Mines 2350 100 P M R 1 1090 90 Perlis Plant 830 80 A>er Hitam Tin 1770 70 A P 1 230 58 G 1 Hides 615 55 M Cables 368 52 Falls
    146 words
  • Article, Illustration
    149 1 Rises S Trading 1340 180 Idus Hyd 750 130 Rahman Hyd 1850 130 A Hi tarn (T) 1880 130 Petaling (T) 2180 130 Syn Resins 890 95 PMRI 1130 +90 Perlis Pit 840 65 x OC BC 1230 50 M Banking 1530 50 Castlefield 2300 50 Falls Sel
    149 words
  • 695 1  -  COST CAN MOVE EITHER WAY By AGNES WEE THE controversial issue of whether there should be a mass rapid transit (MRT) system will go through yet another phase of close scrutiny. The Minister for Communications, Mr Ong Teng Cheong, announced in Parliament yesterday
    695 words
  • 239 1 THE National Trades Union Congress has intervened in the dispute between the Singapore Airlines Pilot Association (Siapa) and Singapore Airlines. Mr Peter Vincent, vicechairman of the NTUC, yesterday challenged Siapa and the Ministry of Labour to answer "a few pertinent questions" that arose after SIA
    239 words
  • 445 1  -  By SALMA KHALIK THE maximum wage level of workers covered by the Employment Act will be raised to $1,250 from 1750 monthly as from Dec 1. Mr Ong Pang Boon, Minister for Labour, said in Parliament yesterday that this ceiling will be further adjusted at
    445 words
  • 377 1 NYT THE United States's index of leading economic indicators rose by 2.4 per cent in September, the fourth monthly increase in a row, the Department of Commerce reported on Thursday. The rise in the index, which is designed to forecast the path of the economy several
    NYT  -  377 words
  • 286 1 OVERNIGHT meaey rates far Slagapere dallan fell sharply dnrtag the week m runean af mavemeats sf giversmeat toads and af the laflaw sf Braaei all reverses. The geverameat toads, same dealers said, eeald ameaat to mare thaa $M mllllea. They are alas likely
    286 words
  • 465 1  -  By KOH TSE YING A SUDDEN flood of buying orders sent the Singapore stock market soaring to new heights yesterday. Inspired by the forceful rally on the Hongkong market, sturdy bulls on the local exchange charged to the forefront of activity and selected
    465 words
  • Page 1 Advertisements
    • 12 1 SINGAPORE •:ik v mess FOR PEOPLE WHO MATTER A t Periodicals Public
      12 words
    • 142 1 =/{';[*$|-=^:,^~--:%'\.{/^~=]<& TriijL get the feel of the New-Look Predators they put more payability into your game any time! LYNX Predator Irons Definitely built for ball control. Its compact, classic head design is renowned for its abmy to deliver maximum distance, control and accuracy because of its exclusive 10°/o lighter LYNX
      142 words
    • 61 1 LEISURE TIMES SAUDIS to tell atttttoaal «il at TWO-TIER system for the stock US$B premium? exekaage 11 ICTB PROFIT LOSS is —t that STRAITS Um price at U-meatk psiafal 7 12 UIC mere depeadeat on rental PETROCHEMICAL Csrp laeame 11 speaks ap en pellattoa 12 AIRCRAFT i, TV AND RADIO
      61 words
    • 0 1
      0 words
    • 63 1 >•. The Straits Times DIRECTORY ol Singapore SALE AUTHENTIC HANDMADE HAND-KNOTTED CARPETS M m t i W f -f fa jr k > v 1 0 e IA U I i > Pakistan Single-Knotted Pakistan Double-Knotted Ladik Prayer Rug Kashan Picture Carpet GENUINE DISCOUNTS: 30%-50% CARPET GALLERY Gil K (jl5.
      63 words

  • Page 2 Advertisements
    • 1420 2 Pi ANNIVERSARY CELEBRATIONS HILTON INTERNATIONAL sing apor£ {/A// HILTON IMTKRNATIONAh SINGAPORE dm rTi Hilton International was the very first international hotel management chain to impose its high standards in Singpore. This was more than 15 years ago when feasibility studies were being made for the development of the first Hilton
      1,420 words
    • 131 2 Kevin Jewelry (S) Pte Ltd. Gl-2, Hilton Shopping Arcade, Singapore 0923 Tel: *****96, *****14 SENLY SIGN CRAFT INDUSTRIES CS) PTE. LTD. Unit 18-2B (2nd Floor) Block 11, Kallang Bahru, Kallang Basin Industrial Estate, Singapore 1233. Te1:*****33,*****34,*****84 Kallang Bahru P.O. Box 606. Cable Add SENLYSIGN' SINGAPORE Telex: SSISPL RS ***** Manufacturers
      131 words

  • Page 3 Advertisements
    • 1639 3 HILTON INTERNATIONAL [ik S'NGAPORt ANNIVERSARY CELEBRATIONS ->v- -2 <• v v>„ w a&KiiM. r/ HIWON INTERNATIONAL* SINGAPORE The Inn of Happiness offers some 200 Cantonese and Szechuan specialties, prepared by two Master Chefs in both culinary worlds. The restaurant's decor of red lanterns and green Chinese roof tiles lend a
      1,639 words

  • RAW MATERIALS
    • 283 4 QUIET conditions have persisted as current One RSS was confined to a narrow trading range of 3 cents, finishing at its low for the week says HtUday, Co tier, Bath A C* in its weekly review of the Singapore and Malaysian rubber markets from Oct 23
      283 words
    • 159 4 CHICAGO soybean futures closed 14 to s*/« US cents a bushel lower in hectic trade on Thursday. Prices settled near the bottom of a wide 35-cent range. Substantially increased country movement at new contract highs, reached earlier in the session, prompted active commercial hedge-selling and local profit-taking. This pressured
      159 words
    • 151 4 WHEAT futures in Chicago closed near the bottom of a 12-cent range on Thursday, down to 2 US cents a bushel in moderately active trade. Local profit-taking in response to sharp falls in soybean and corn futures dropped values to the day's lows. Wheat prices fluctuated erratically all day
      151 words
    • 218 4 THE «agmpwe rubber market closed firm yesterday with November One RSS buyers quoted at 293.75 cents per kilo, up three cents from Thursday's close, dealers said. The morning market gained 2.50 cents on higher overnight London advices and some speculative and upcountry buying, they said. The afternoon market was
      218 words
    • 343 4 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 291.00 292.00N Int. 1 R.S.S. November 293.25 293.75 Int. 1 R.S.S. December 298.00 298.50 Int. 2 R.S.S. 283 00 284 OON UK/Coot 282 00 283. OON Int. 3 R.S.S. 280 00
      343 words
    • 116 4 NOON SSR m ad SMR p mi yaunlar HAS SSR 20 SSR SO MRELB <1 too 11 ton Nmabtr (Carraot Mtht Ba;«n S«U«r* poiWt) 248 50 281 SON palbt) 246-50 245 SON 0««b«r (Forward Mth) Buyer® SolJor* 250 50 252.50N 247 50 249 SON SMRCV SMR L
      116 words
    • 39 4 Rubber; Oct 31 Singapore: Nov; 293.75 cents (up 3.00 cenia) Malayaia: Nov; 301.50 cenia (up 2.50 centa) Tin: M 52,065 (down $21) (equivalent to $34.14 per kilo) (down 35 centa) Official offering: 312V4 tonnea (up ***** tonnea)
      39 words
    • 76 4 THE Straits tin price In Penuf weakened another Ms2l per pienl to $2,M5 per picoJ yesterday, SBi below the International Tin Agreement, dealers said. lie market fell farther on eontlnsed weakness In London and higher eontrlhntlons of tin for endmonth settlement. But there was some hnytnfc at the
      76 words
    • 326 4 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.08, 100 per cent second clan 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.
      326 words
    • 194 4 YARN and cotton prices were quoted as follows In Hongkong yesterday: (In HK dollars, spot ex-go-down) Ottos yam: China Blue Phoenix 20b 2.130; 32s 860. 40s 2,900 (per bale at 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • 176 4 CHINEBE PraSuee Exehaage, Oagapate, aaea rliriag prteea per IMkg yesterday: Cwml sU: Bulk fob <128.00 sellers, old drum (in second hand drum) (oh $136 50 sellers, new drum fob $143.00 sellers. Capra: Mixed (loose) $72.75 buyers. Pepper: Muntok white pepper fob Asta NLW $425.00 sellers, Sarawak white pepper
      176 words
    • 883 4 COFFEE: Robusta futures ended another quiet session £6 lower to £4 higher yesterday with January last traded at £1,070. Turnover was only 792 lots. Traders said the market held steady within a narrow trading range in featureless conditions. They said they do not expect much activity during the
      883 words
    • 125 4 THE Malaysian palm oil market recovered yesterday and was firmer with activity easing off in late trading as sellers withdrew, dealers said. November in the Central Region regained M|s to $815 per tonne while in the Southern Region it traded at $835. The refined market turned featureless as
      125 words
  • ASIAN STOCKS
    • 479 4 TOKYO Reuter SHARE prices continued to rise yesterday with many dealers encouraged by an expected cut in the official discount rate early next week and a slow return of foreign investors to Japanese stocks. The market average rose 25.97 points to 7,150.75 on a
      Reuter  -  479 words
    • 343 4 Source: BHK See. THE market bad a frenzied day yesterday as Jardines Jumped HKJ6.OO to $36.25 on rumours at takeover offers and counter bids. The market went up as gains were registered across the board. The return of the unused subscription money from Regal Hotels on Thursday helped renew
      Source: BHK See.  -  343 words
    • 337 4 STRONG overseas and local buying in the energy and mining sectors pushed the Sydney All Ordinaries Index towards a new high yesterday, though late profit-tak-ing pared some of the gains. Early demand saw BHP finish at a 10-year high of $16.80, 40 cents up on the day while Santos
      337 words
    • 235 4 OC T 31 Asia Credit Bah i> Ana yibrr Ayulhaya Inv And Trust til Bangkok Investment Bangkok Bank Bangkok Drying And Siilo H niitkfk Insurance Z 266 Bangkok Metro- Poliian Ban 388 2 Bangkok Nylon Bank Ol Asia Bank Of Ayudhaya Ltd 143 1 Bala Berli Jucker 317 -2
      235 words
    • 17 4 THE market was closed'* yesterday for a special pub- lie holiday aheid of All Saints Day.
      17 words
    • 61 4 Ml. FINANCIAL TIMES INDUSTRIALS »/|f klJ/l Thursday 492-8 U Wednesday 483.2 Week Acq 402.5' DOW JONES AVERAGE INDUSTRIALS Thursday 917 7$ Wednesday 929.18 Week Ago 939.51 U1 H.K.HANG SENG Friday 1496.86 17"ir«1»]r 1438JO Week Aon 1482 11 1 8YDNEY INDUSTRIALS Friday 747.94 Thursday 740.20 Week Ago 734.32 ALL
      61 words
  • Page 4 Advertisements
    • 36 4 GIVENCHY fTi 7 THE GIVENCHY APPROACH Disarmingly simple. Yet with craftsmanship perfected thru the years. Elegant. Complete. With all leather complements that give fashion the LmhJ Givenchy finesse. GIVENCHY GENTLEMAN BOUTIQUE G4 HILTON SHOPPING ARCADE, SINGAPORE
      36 words

  • OVERSEAS
    • 381 5 Reuter THE European Common Market countries have agreed to impose mandatory production cuts in a bid to help the struggling steel industry. The plan was adopted on Thursday by industry ministers from the nine member states, and is aimed at salvaging the industry from
      Reuter  -  381 words
  • 235 5 AP THE British government is determined to carry out a new "major programme" of slashing public expenditure to nail down inflation and to revive Britain's ailing economy, Chancellor of the Exchequer Sir Geoffrey Howe told cabinet ministers. Officials reported that Sir Geoffrey voiced his resolution not to
    AP  -  235 words
  • 809 5 ARRIVALS Service Local Operator Number Time i From FT FT71 0710 JFK/ORD/KUL SIA/BA SQ/BA17 0710 LHR/BAH SLA SQ101 0615 KUL MAS MH621 0635 PEN MAS MH671 0930 PEN/KUL MAS MH605 0630 KUL SIA SQ211 1000 HLP CAL CB14 1000 HLP CPA CX710 1006 HLP SIA SQ103 1000
    809 words
  • 166 5 AFP MALAYSIA now occupies third place behind Indonesia and Singapore in terms of Japanese investment. Japanese investment in Malaysia's manufacturing sector was about 15 per cent of the total Japanese investment in Asean, Malaysian Deputy Trade and Industry Minister Datuk Lew Sip Hong
    AFP  -  166 words
  • 91 5 Reuter THE US Department of Commerce is speeding up its consideration of extending the trigger price mechanism to specialty steel. The department said it would deliver a preliminary report to President Carter by Nov 10. The study was initiated to determine if foreign specialty
    Reuter  -  91 words
  • 851 5 SAUDI Arabia has reportedly decided to sell additional quantities of oil it is producing to make up for lost exports from Iraq and Iran at US$32 a barrel, $2 above tbe benchmark price at which the Saudis sell their Arabian light oil.
    851 words
  • 297 5 Reuter THE Financial Accounting Standards Board (FASB) said in Connecticut, US, it issued a statement that requires oil and natural gas and mining companies to measure the mineral resource assets on a current cost basis. Disclosure of information about quantities, production and selling prices of
    Reuter  -  297 words
  • 241 5 AP SAUDI Arabia indicated on Thursday it would shop elsewhere if the US rejects its request for equipment to give Saudi F-15 Jet fighters offensive striking power. President Jimmy Carter said last week there would be no change in US policy not to equip the planes
    AP  -  241 words
  • WORLD IN BRIEF
    • 414 5 Agencies THE South Korean government has decided to provide 100 billion won to the staterun Korea Heavy Industries and Construction Co, now being set up, government officials said. The government earlier decided to make the company a public corporation, reversing its ruling that Daewoo Industrial Co take
      Agencies  -  414 words
  • 462 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barber Toba (RQ/RO) (0700 after Sun Way St Blue Matsuyama mua a tar board to alongside) 4647 Builder m (0700) 22 Golden Summer (0530 after Waheng) 23 Golden Wonder (after Barber Toba berths) 46 Kawana (RO/RO) (after NedUod Manila) 3/4 Kimanis (0600
    462 words
  • Page 5 Advertisements
    • 30 5 TRAVEL SERVICE!! HOLIDAY LAFLEUR TRAVEL S.T.P.B T A 267 t0:*****51 •*****11 Holiday Inn Hotel, Suite 4, 4th Floor Scotts Road. Singapore 0922 BUSINESSMEN!!! TRAVEL ECONOMICALLY WORLDWIDE ALSO CAR TRANSFER AVAILABLE
      30 words
    • 234 5 No mystique in this magnificent investment A good Oriental carpel 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.
      234 words

  • 448 6 COMMUNICATIONS Minister Mr Ong Teng Cheong has shed some light on the MRT controversy which seems to be pervasive not only among members of the public but also in government circles. He has said that the Government will study the matter further and will decide
    448 words
  • 323 6 THE SETTLEMENT of the "go slow" by some Singapore Airlines pilots has resulted in criticism by trade unionists, a situation that highlights the differences in outlook of trade unions in Singapore. As part of the settlement, the SIA pilots association has apparently turned a
    323 words
  • 1489 6  -  EXPORTS MAY BE CURTAILED Malaysia, 95 per cent dependent on oil, is having second thoughts about exporting its natural gas and importing other types of energy. The argument against exporting gas is summed up by the homely and yet compelling analogy drawn by a
    Depthnews  -  1,489 words
  • 848 6  -  By ROBERT KEARNS Reuter JAPAN, most dependent of all advanced countries on Middle Eastern oil, is entering the critical winter beating season with unusually few worries about the loss of oil from the Iran-Iraq war. This calm-in-the-face-of-a-storm attitude is partly credited to the
    Reuter  -  848 words
  • Page 6 Advertisements
    • 193 6 Sim Llm Investments Ltd. Incorporated in the Republic of Singapore NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of SIM LIM INVESTMENTS LIMITED will be held at the Registered Office of the Company, 9th Floor, Manhattan House, Chin Swee Road, Singapore 0316, on Saturday 15 November 1980, at
      193 words
  • Page 6 Miscellaneous
    • 1391 6 BOY VERSUS TERRORISTS TODAY'S mattaee to Cattor's Trail wtaleh iters Jshs Otvla, Marias P»vu, Jwept C«ttw sad Beverly Garlui It to eel la Bute Fe ta 1875. A marshal re tans to Had the tewa latlmldsted by a bsad eT terrorists ud the peepto afraid to help him. He flsally
      1,391 words

  • 1909 7  -  Imperial Chemical Industries (ICI), Britain's biggest private sector manufacturing company, last week reported a £10 million loss for the three months between July and September this year. It was the first time that the company suffered a loss in its 54-year history. SUE
    FT  -  1,909 words
  • 760 7  -  FORUM with CARL HARTMAN AP IF YOU really want to take the long view on inflation, says historian David Hackett Fisher, go back before 1750 BC, which is about when King Hammurabi gave his code of law to the Babylonians. He suggests
    AP  -  760 words
  • 569 7 NYT BRAZIL, the developing country mot heavily la debt to western banks, Is holding talks with Citibank, the US Investment bank, aad Gsldmsn Sachs, absat tapping the US commercial paper market. lie berrewer weald be Petrebras, the country's state ell eempaay, seeking
    NYT  -  569 words
  • Page 7 Advertisements
    • 364 7 How much do you see when you look at this etching*; A3" k A tt. -•'■rv VP v I *mu Tbr Jhirvfmtfm Vmmmm Of AH. W M. V ¥r. H H 7W f»W. W. The Time Life Library Of Art £ac/t ftooAr measures 9 x 12 inches C 23 x
      364 words
  • Page 7 Miscellaneous

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 210 8 OCT 30 Fls ABN 291 50 1.5 Ahold 07 30 06 Akzo 19 10 -03 AMF.V 93 00 1 Am fas 102.30 fO.3 Amrobnk 62.20 0 3 Bergoss 34 00 Bert 65.20 -0.5 Bo Is 57 80 -0.5 Borsumij 205 00 -1 Burhmann 62 70 -0.8 Byenkorf 42 50
        210 words
      • 285 8 OCT 30 Frs CORBE1LLE Atr-Ltquide 567 8 B S N Gervats Danone 1056 16 C S F (ThomsonCsf) 510 4 C<* Francalse des Petroles ***** -1-5 Compagnie Flnanciere Compagnie General* 389 Si Credit Foncler De France 440 7 Hachette (Ltbrairie) ***** 38 Machines Ball 52 70 09 Michelln (B>
        285 words
      • 228 8 OCT 30 Dm Aeg-Telefunken 75.50 0.3 Akio 1750 -0.5 All* Leben 1120 00 unch Alls Vers j. 470.50 3.5 BASF 124 70 -03 Bay H T Wbank 242 00 4 Bay Vbank 297 00 Bayer 106 70 -01 BBT 207 00 -ft BMW 152.50 -35 Cassella 314.80 3.8 Chem
        228 words
      • 90 8 OCT 30 Fr* FORWARD MARKET A... 304 unch Arbed 1372 -6 A«tur 342 B rase an 900 -44 Bru-L&mb 1026 Canpac 1324 4 Cock 199 2 De Beerm 379 >3 Kbes 1700 -5 Electrobel s^io 4 10 Gb-InnoBm 1995 unch Gcv Hobok I! 2525 Petro ssoo -130 Ryl Dutch
        90 words
      • 188 8 OCT 30 Francs Actions Sulsses 2S8 unch Aiusuisse Br 1240 Aiusuisse Reg «ao J Brown Boven Br IMO unch Clba Or to Br 1006 unch Clba Geigy PC785 -S citta o* icy hft M2 1 Credit Suisse Br 2606 •IS Credit Suisse Ret M0 1 Elektrowaii Br 2M0 10
        188 words
      • 104 8 OCT 30 Lire Ante 8 90 0.4 Astoc Uen Butof i 737 JO 15 5 Cenlrmle ***** 4| Flat 3051 4 121 Finsider 96 ♦1 Gen Immob 247V 29 IFI Pri 4550 ISO Ilalcemenu ***** 800 ILaJgns 1598 4 gg lUlsidrr 347 680 2 Ma*neU M Pf -39.5 M*relli
        104 words
      • 215 8 OCT C* Abidhi 22 Alran 41'• Si Algoma 384 -IS Bank Mont -s Bank Nora Scotia 31 A Bell Tel IIS s Beth Corp BP Can Lid 30 s -4S Brasran 34 < -m Camp Red Lake u A Can Imp Bk Canpar 46'. -4S Canpar In» Pf US
        215 words
      • 276 8 OCT 30 Rand INDUSTRIALS A Alpha Abercom 12" 373 -2 AE And CI 1000 -10 AMIC Barlows; HZ Cg Sugar -Z laooB CNA 6156 Currl* Finance De Beers Ind Edcon 680S Edgars Ewready Fed Volk Fuglt Oardlan Gienant Gratemn 1150 uncfi Hippo Hiveld 475 Hulelts 700 Liberty Lonrho LTA
        276 words
  • Page 8 Advertisements
    • 201 8 Where to wine, dine and entertain Snacks for your island treks I Take your pick: Curry Pu/f 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. Dolphin Snack Shop Apollo Enterprise!
      201 words
    • 140 8 \W ilirlu JAPANESE RESTAURANT fc d For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 p.m. 10.30 p.m. For reservations call *****77 A < I'ark Slmiiiloii> SiiipiiNM'c SHERATON HOTELS AND INNS .VORLDWiDE Nasstm Hill. SmjapO'e 1025 Tei *****7? OPfRA TED Bv ana hOTEI
      140 words
    • 131 8 "/;/}?$*&@',~/)$>~&'^,;$&{.[)}+ V bight; Hp £om» Decpavali On the evening of Deepavali. November 6 19*0. ,1 lavish Indian i >tjf!< and festive sweets will Ih? laid out ai the Rang Mahal Restaurant Die talented singing group, Swnr Sangam voli hi] iiyht the ig with popul.i f s< j Buffet Dit S<?B
      131 words
    • 144 8 ***** Inn Of Happiness Now open at the Hilton Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. MM HMON INTERNATIONAL,
      144 words
    • 80 8 Treat your friends and business associates to a superb meal of sea-fresh SINGAPORE SEAFOOD Entertain them in quiet, cosy surroundings and air-conditioned comfort right on Orchard Road And enjoy great seafood favourites chilli-fried, steamed or barbecued to perfection! The Seafood Cove just the place for lunch arM dinner V 4
      80 words

  • 553 9 USSR 63RD NATIONAL DAY 1 SUPPLEMENT RESULTS el the last fear year* shew that the Ssvlet merchant marine wu «Me to meet the targets la the priadpaJ Oeids the ceaatry's grawlag requirements tor torelgn trade ud etaital carriage. Last year, the taraever ef gseds exceeded
    553 words
  • 554 9 ON NOV 7, the Soviet people celebrate their National Day the 63rd anniversary of the Great October Socialist Revolution. Sixty-three years ago was founded the first socialist state in the world the Soviet Union. Nowadays one can see its enormous achievements. Every year
    554 words
  • Page 9 Advertisements
    • 191 9 Congratulations and Best Wishes to the People Government of the USSR on the occasion of the 63rd Anniversary of the Great October Socialist Revolution from CHIN GIAP CO., (PTE) LTD. 23, Blair Road Singapore 0208 G.P.O. Box 912 Tel: *****96/*****90 Cable Add: "CHINGIAPCO" Singapore IMPORTERS EXPORTERS Provisions, Wines and Spirits,
      191 words
    • 273 9 CONGRA TULA TIONS A BEST WISHES to the Governnent People of the USSR on their 63rd Anniverery of the Great October Socialist Revolution THOMAS SUPPLIERS 5388 Woh Hup Complex, Beach Road, Singapore 0719. Tel: *****56 A *****20 Congratulations Best Wishes to the Government People of the USSR on their 63rd
      273 words

  • 266 10 USSR 63RD NATIONAL DAY 2 SUPPLEMENT IN THE five-year period now nearing completion, the material and technical basis of the railway transport linking together all economic branches and districts of the Soviet Union has been considerably developed. For example, about 3,000 km of new
    266 words
  • 422 10 A LAMP in the controllers' office of the centre of medical aviation in Yakutsk (the capital of the Yakut ASSR) started glittering and at the same moment the telephone rang. A doctor in the hospital of a small taiga village reported that an
    422 words
  • 215 10 THE USSR's foreign trade in the first six months of 1960 has gone up considerably with all groups of countries compared with the same period last year. In all, Soviet foreign trade has grown by 19 per cent. Trade with the developing
    215 words
  • Page 10 Advertisements
    • 271 10 HEARTIEST CONGRATULATIONS And BEST WISHES to the PEOPLE GOVERNMENT OF THE USSR on the occasion of the 63RD Anniversary of the GREAT OCTOBER SOCIALIST REVOLUTION from: SOUTH UNION CO (PTE) LTD. 4th Floor 4A 4B F.E.B. BUILDING 156, CECIL STREET SINGAPORE 0106 TEL: *****11/7 L«»••, 2HS Our Heartiest Congratulations to
      271 words

  • BANKING AND FINANCE
    • 504 11 NYT PRESIDENT Carter has nominated AW Clausen, president and chief executive officer of the Bank of America since 1970, to succeed Robert S McNamara as president of the World Bank, an' international institution that makes more than US$l2 billion a year of development loans
      NYT  -  504 words
    • 1243 11 THE NEW YORK stock market on Thursday fell sharply in active trading as the oil and gas group, undercut by surprise Canadian budget proposals, suffered a harsh setback. Semiconductor stocks were also hard hit on a bearish industry forecast. Analysts said with interest rates expected to rise
      1,243 words
    • 144 11 THE East Asia BankAmerieard/Visa and Mastercard will now be accepted at 12 establishments in China after an agreement was reached between the Bank of East Asia Ltd and the Hangzhou branch of the Bank of China (BOC). The two cards can be used to charge
      144 words
    • MONEY AND EXCHANGE$
      • 320 11 THE foreign exchange market was again dull and sfeady yesterday, with the bulk of activity done in the morning. The US dollar opened at 3*2.0880 2.0900 on the back strong commercial demand. It closed at 2.0906/15. latartaak farard raiea at J pm: One month 2.0892/ 2.0905 Two months
        320 words
      • 70 11 RESULTS of tender held yesterday for 91-day bills (to be issued from Nov 3 to Nov 5) and 182day bills (to be issued on Nov 3): •1-day MM* 182-day bMIs Offered: $100,000,000 $15,000,000 AppMfor: $204,500,000 $43,700,000 A1MM: $100,000,000 $15,000,000 1fir«y<n< Ms: $96.25 $96.45 approximately 1% approximately 75*%
        70 words
      • 22 11 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 12.6 per cent.
        22 words
      • 189 11 ASIAN RATES ASIAN currency deposit interbank rates as at close on Oct 31: US Dollar*(Spot) Offer Bid 7 days 14 13% 1 month 15- 9/16 15 1/16 2 months 15* 15'/« 3 months 15H 15'/. 6 months 15 5/16 15 3/16 9 months 14 11/16 14 9/16 12 months 14
        189 words
      • 49 11 RANGE of prices offered by discount houses on Oct 31: Overnight: 6V« to 7Vi% Call deposits: 6"»<* to 7V«% Ctocimf Bayiif Sclliaf 3-month Treasury bills 7 6 7 4 3-month Bank bills 139/10 137/10 3 months CD 13't 13 6 months CD 13 12H Source: National Discount Co
        49 words
      • 1 11
        1 words
      • 81 11 THE US dollar continued to firm slightly in thin trading yesterday, with operators reluctant to enter the market ahead of the week and month end. The dollar finned to a late 1.9065/75 marks from an early 1.9040/45 and 1.9030/40 in New York on Thursday night and to 2U.60/80 yen.
        81 words
      • 1 11
        1 words
      • 260 11 SINGAPORE gold futures closed weaker yesterday compared with overnight levels in very quiet trading due to lack of fresh factors, dealers said. Total sales for the day was recorded at 45 lots while kerbs was 37 lots. December closed easier at U*****.70/650.50 an ounce against 1654.30/655.00 on Thursday and
        260 words
      • 43 11 New York 19 15B 19 10B 19 ©S 19 40S Zurich 19 SOB 19.00B 20 OOS W4 1950S Singapore Fn 19 20B 19 10B 19 60S 19 50S Closing prices In US dollars a troy ounc t. Source: Credit Suisse, S'pore.
        43 words
      • 169 11 THE US dollar firmed against the mark in active dealings yesterday, supported by the firm trend in US interest rates, while sterling rose to new highs on a trade weighted basis, dealers said. The dollar opened at 1.9110/20 marks compared with a late Hongkong 1.9065/ 75, a New York
        169 words
      • 125 11 THE US dollar for overnight delivery closed sharply higher at 211.75 yen yesterday, compared with a 211.10 opening and 209.70 at Thursday's close, dealers said. Trading was moderate with volume at US$772 million. The dollar fluctuated narrowly around 211.60/80 level in very quiet trading in the afternoon after an
        125 words
    • 569 11 FULL MEMBERSHIP FOR ASEAN IT IS possible that a "yen bloc" may be created in the not too distant future with Asean countries as fullyfledged members, said Mr Wong Nang Jang, general manager of the international division of the Oversea-Chi-nese Banking Corporation (OCBC).
      569 words
    • 356 11 A SUBSTANTIAL amount of financing is being arranged for projects in Australia, British merchant banking sources reported. The largest is around US$l.3 billion assembled as a Eurocurrency credit for Woodside Petroleum for the development of the Northwest Shelf energy project with a final maturity of 12
      356 words
    • 219 11 Reuter INDIAN finance minister R Venkataraman said India is nqptlating a US$6BO million Eurocredit with a consortium at banks to help finance a large aluminium complex in the eastern Indian state of Orissa. Venkataraman said the consortium includes a number of French banks, which
      Reuter  -  219 words
    • 80 11 Reuter A COMMISSION is preparing a report for the Swiss government on whether Switzerland should apply to join the International Monetary Fund (IMF), National Bank president Fritz Leutwiler said., The National Bank will decide its own position on the matter only after the report has been
      Reuter  -  80 words
    • 186 11 Reuter BUNDESBANK president Karl Otto Poehl said talk of" a mark devaluation is nonsensical at a time when West German inflation is so low. The Bundesbank is uncomfortable at the high level of foreign borrowing in marks, but is totally opposed to capital export controls,
      Reuter  -  186 words
  • Page 11 Advertisements
    • 56 11 CORRECTION KECK SENG (MALAYSIA) BERHAD RIGHTS ISSUE With reference to the above ANNOUNCEMENT which appeared in The New Straits Times/Business Times of October 28, 1980, the correct name of one of the Underwriters should read as "ASIAVEST MERCHANT BANKERS (M) BERHAD" and not as advertised. This error is regretted. Malaysian
      56 words
    • 14 11 Telex: R*****5 FIR^C m SINGAPORE GLASS MANUFACTURERS PTE LTD FIBRE PACKAGING DIVISION PACE; 90M'73t3
      14 words

  • 1672 12 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 (3.268 3.285)
    1,672 words
  • 178 12 BNGAFOU UNIT T*U IT (MiMfiu* prteee tar Ww The Ownniwi* TIT «> 133 The Savings Fund 1 93 103 S'pore Prog Fund 13# 1 L.4hcd S pore Sec. Fund 107 117 S'pore Invest Fund 1.82 l.» S'pore Equity Fund 1.38 1.4B AHA UNIT TBUR (Mim»h»' pHeae tar Ww
    178 words
  • 2763 12 Gr'. Gr*a Net 1980 Last Div Div Yld P/E Vol Day High Low Company Sale or- C*vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 326 -6 15.0 2.8 4.6 12.8 1 326 328 276 220 Alcom 260 12.0 2.5 4.0 14.7 149 116 Allied
    2,763 words
  • 1941 12 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. MDUBnUAI£ 1 basins ts (3.265) Aieaas (2.455) A Cbae (1.358) (1) 1.35
    1,941 words
  • 28 12 TRACTORS (M) BM: AGM to be held at Studio 3, 5th Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur at 12 noon on Nov 11.
    28 words
  • 669 12 THE kails sarged to toe forefront »1 toe Sagapare stock eiekuge yesterday after keeping a relatively law profile far toe greater part sf toe week. Aggressive demand far selected Issaes was tke aider sf toe day aad kaylng pawer was distinctly firm. Beme analysts
    669 words
  • 609 12 BUILDING on the steady overnight trend, buyers emerged in greater numbers to push a selection of shares sharply higher at the Kuala Lumpur stock market yesterday. Trading was active, especially in the afternoon, when buying interest ran strong following favourable overseas leads. Investors were particularly
    609 words

  • COMPANY NEWS
    • 815 13  -  By BIBIANA CHOO HIGHER rentals from UIC Building will be the profit mainstay for the United "Industrial Corporation for the current financial year ending July 31, 1981. Earnings from this source should more than compensate for the rising cost of "raw materials for UlC's
      815 words
    • 280 13 A WAREHOUSE belonging to Jacy Metal Industries, a wholly-owned subsidiary of Jack Chi* and Co, caught fire on Oct 26. Production will carry on as usual and the value of the stocks destroyed or affected is now being assessed. Sales of Jack Chia and Co will not be
      280 words
    • 1518 13 Question: When is a stock market listing not a stock market listing? Answer: When the UK Stock Exchange Council says it is not. WITHIN a few months, companies which do not wish or do not qualify to join the elect group whose shares are
      1,518 words
    • 541 13 THE proposed acquisition of four property companies Sri Teratai Properties, Jareen Sdn, Syarikat Pembangunan Jayabaru and Gilden Development by Perak Carbide Corp is expected to boost the company's net tangible assets per share to 80.2 cents from 57.7 cents previously. Its improved
      541 words
    • 539 13 'mm*** by HOCK LOCK SIEW ONE interesting recommendation from the Securities Industry Council (SIC) to promote the growth of the Singapore capital market calls for the provision of facilities for trading shares of small companies. The recommendation is timely and worthy of discussion, especially in the wake
      by HOCK LOCK SIEW  -  539 words
    • 165 13 SUPREME Corporatloa Bhd: EOGM and AGM to be held at 4th Floor, Wisma Supreme, Jalan Punchak, Kuala Lumpur at 12 noon on Oct 30. MEGA Chemicals Bhd: EOGM and AGM to be held at Wisma Mega, 2nd Mile, Jalan Batu Tiga Lama, Kelang at 10.30am on Oct 31.
      165 words
  • Page 13 Advertisements
    • 109 13 APPOINTMENT A mo |or New York Market Bank tnvites cations for the following positions in its expanding Treasury division: Trader Money Marfcet A FX Qualifications: Preferably with minimum 2 years similar experience Intelligent and highly self-motivated with an aptitude for figures Tertiary education advantageous but not essential Trainee Dealers Good
      109 words
    • 152 13 This is a completely revised edition of a dictionary which is unrivalled as a catalogue of English words as they are now used in print and speech. Included are new words of the last few years and hundreds of post-war words and senses. The entries range from the most colloquial
      152 words

  • 389 14 SINGAPORE industrialists hope that the various arrangements in the Batam Agreement, to be worked out between Singapore and Indonesia, will be more flexible and liberal in practice. A flexible and liberal system will go a long way to facilitate the movement of goods,
    389 words
  • 829 14 LONDON, Fri. Share prices opened easier in quiet trading, though Jardine Matheson was marked up to 292p from 256p following its Jump on the Hongkong stock exchange. Elsewhere, trading was thin and leading industrials were marked a penny or two lower. ICI, Beecham and Plessey were early losers
    829 words
  • 622 14  -  By RONNIE LIM PETROCHEMICAL Corporation of Singapore said yesterday it is not the intention of PCS or other investors in the $2 billion petro-chemical complex at Ayer Merbau to pollute the environment with their operations. PCS, in charge of the main upstream ethylene plant at
    622 words
  • 232 14 TIN price in Penang, driven below the International Tin Agreement ceiling since Oct 3 this year, fell further to close at an 11-month low of M 52,065 per picul yesterday. The decline in the price of the commodity in recent weeks is attributed to
    232 words
  • 411 14 THE president of the Malaysian Association of Travel and Tour Agents yesterday called for the fixing of a minimum price for tours. Mr Kip Bahadun, speaking at the Malaysia-Singa-pore Travel Trade Dialogue, said the present price war among hotels and travel agents
    411 words
  • 423 14 AP IRAN said its oil refining city of Abadan was under a "murderous barrage" of Iraqi artillery fire yesterday with Islamic revolutionary guards blocking an Iraqi tank assault on the beleaguered city. Iraq said its infantry and armour "mopped one pocket after
    AP; AP photo  -  423 words
  • 530 14 "WE do not target to achieve inflation in Singapore. We aim to minimise it." This was the reply of the Minister (or Trade and Industry to a question in Parliament yesterday about the "targeted rate of inflation in Singapore in the next twelve
    530 words
  • 148 14 UPI TEHERAN radio said yesterday Ayatollah' Ruhollah Khomeiny's terms for freeing the American hostages are "just" and releasing them would not be a "cowardly" act. The broadcast appeared to be designed to prepare the Iranian people for an end to the 963-day-long drama. Another hint
    UPI  -  148 words
  • Page 14 Advertisements
    • 189 14 0 PENGUINS are a Woman's best friend 13 SHADOW OF THE MOON India, that vast, glittering, cruel, mysterious and sunbaked continent, is captured here in a spectacular romance by the author of The Far Pavilions. When India bursts into flaming hatred and bitter bloodshed during the dark days of the
      189 words
    • 124 14 aectco^f 00 ot e*»°* inV8 n yO u sX6P V^enYO »ot° a* ,<ie period our Juotn o< f u tn« ure sp® j r ev® s L T-pea" CJ eaxed eT o rovec eS „^sooi^ a l 0i c N,n,(>o sm ltd\ S'pore's No. 1 Antique Furniture Centre\ Factory 30
      124 words
  • Page 14 Miscellaneous
    • 58 14 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair. Report tor 24 hoars prior to p.m. on October SI at the airport Maximum temperature 30.2 Associated humidity 68 Minimum temperature 24.2 Associated humidity 96 Hours of sunshine 0.90 Rainfall in millimetres Trace Total rainfall for the month
      58 words

  • LEISURE TIMES
    • 655 15  -  MASTERPIECES BY GERALD GENTA Have you heard of Gerald Genta? You have! Oh, of course, you belong to that select group... NG LOKE KOON reports. NG LOKE KOON GERALD GENTA is a watch designer by profession. With his kindly face and patient smile he gives me the
      655 words
    • 434 15 THE FILIPINOS have one word to express grandeur, splendour and resplendence. The word is Kariktan, the way of life that warms many a Filipino's heart and which is reflected in the Filipino's aesthetic tastes in his music, his dance and poetry. Kariktan, a presentation of traditional
      434 words
    • 314 15  -  WEEKEND GOURMET ALVIN CHOW THE MONTH of October has passed us by like any other time of the year, one may comment with an indifferent shrug; but for the French it is "the time of the year when the waters of France yield the
      314 words
    • 722 15  -  By WONG AI KWEI CAN YOU do the 'joget* or the 'inang* or the 'dondang sayang' dances? I know someone who can and who does it expertly too. In fact, it is Yusoff Helmi's business to know most of the other ethnic dances in
      722 words
    • 353 16  -  By ALIA ONCE AGAIN the racing fraternity will gather at the Singapore Turf Club this weekend for the ProAm meeting. In Race 3 today, I opt for Ace of Aces which will be ridden by Masruhen. But don't be surprised if Mannerism, led by
      353 words
    • 518 16 FROM THE HORSE S MOUTH ODDS are you will find thousands of Muscovites wagering rubles at the race track even when temperatures plunge below freezing and the horses run with spiked shoes on ice. Alexander Filimonov, assistant director of The Hippodrome, which began operation in
      518 words
    • 81 16 ONCE AGAIN Lanvin is all ready to show off its Spring/Summer 1981 collection. But this collection is special; as it has only been shown to a select group in Paris, Singaporeans will be seeing it before our European friends. And what a delightful name Lanvin has chosen
      81 words
    • 479 16 ■OTORIM with Hermes THE ART of luxury car engineering is just not what it used to be. There was a time when a walnut fascia was classy, but now, discerning buyers demand seatbacks that can be adjusted to suit the curvature of the individual spine, seats that
      479 words
    • 142 16 THE REPUBLIC'S biggest cross-country event, In terms of the number of participants, will be ran at the MaeRitchie Reservoir tomorrow at 7.3t0m. Some 1,459 Joggers will compete In the 3rd Overseas Containers Limited Quarter-Mara-thon over a distance of 11.55 kilometres. The Joggers who come from
      142 words
    • 112 16 "YOGA has never been a religion; neither is it metaphysics. It has never hjen a way to escape from the world. It teaches man not only to lead a harmonious life but also how to live with others. That is what yoga is all about, says Swami
      112 words
    • 732 16 f THE EXECUTIVE JOGGER J By PEEBLE FOR most of us, running is only part of our lives. Enthusiastic as we may be about the sport, there are dozens of other activities which require our attention each day. Among the more enjoyable of them is eating. Depending
      By PEEBLE  -  732 words
    • 499 16  -  By CHARMAINE CHAN THE BALL has bounced back into the Singapore National Olympic Council's court. The Singapore Squash Rackets Association (SSRA) has written an official letter to the SNOC in its latest move to resolve the problem of whether it should award
      499 words
    • 102 16 A SQUASH Infractor's omw, to ke held tram N»v 17 to Dee M, la to be ceodacted by the Slagapere Sparta Ctudl In eaajaacttoa wltb the Slagapere Squab Racket» lidrthfc Ifcere will be wrtttoa aad practical examlaattoaa at the ead at tbe eearae wbieb will be beM at
      102 words
    • 370 16 TODAY GOLF: SICC The 'A' divtsfcn monthly medal will be Mid at the Island course; the 'B' at the Sime course. The 'C' medal will take place at the New course; the 'D' at Bukit. Both these medals will also be qualifying rounds (or the Vade Cap.
      370 words
    • Article, Illustration
      409 16  -  Guess who's coming for the International Hair Festival? Tell them, JAN LEE JAN LEE STEP ASIDE Vidal Sassoon; Sydney Morris is coming to town. Yes, the managing director and principal of Morris Masterclass International, the largest private hair-dressing school in Europe will be in Singapore later month. Morris
      409 words
  • Page 15 Advertisements
  • Page 15 Miscellaneous
    • 409 15 WHAT WHERE FESTIVAL OF LIGHTS THE JAPANESE GARDEN is Singapore's pride. It is beautiful; it will be even more beautiful tonight, between 6pm and 10pm, when the Festival sf Lights will be held. The organiser, Jurong Environmental Engineering, and the sponsors the Singapore Indian Chamber of Commerce, POSB, Cold Storage
      409 words