The Business Times, 22 November 1980

Microfilm: NL10816
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. llf/I/8i SATURDAY, NOVEMBER 1*8« 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Saudis deny entry ban
      66 1 UPI JEDDAH, Fri. An Interior Ministry source today denied Western news agency reports that the kingdom has banned foreigners from entering the country for up to two months on visitors or pilgrimage visas. The source said the reports were untrue. The agency reports said the ban
      UPI  -  66 words
    • Article
      Rubber headquarters
      54 1 KUALA LUMPUR, Fri. Malaysia has won the bid to site the International Natural Rubber Agreement headquarters in Kuala Lumpur, Primary Industries Minister Paul Leong announced yesterday. He said the selection of Kuala Lumpur was made at the first session of the International Natural Rubber Council meeting in Geneva,
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    • Article
      Lock icon Soviet purchases
      62 1 Reuter LONDON, Fri. Soviet state agencies have bought huge quantities of commodities on world markets recently to make up for the country's dramatic crop failures, according to traders. The effect of such abnormally large purchases has been sharp price rises in several food products and nervous merkets wondering
      Reuter  -  62 words
    • Article
      Lock icon Sparkling auction
      97 1 AP GENEVA, Fri. The Polar Star, a historic diamond which once belonged to a brother of Napoleon I, was sold to a Sri Lankan dealer for eight million Swiss francs at a Geneva auction yesterday night, the highest price ever paid for a single piece of jewelry. The
      AP  -  97 words
    • Article
      Lock icon Testing oil pipeline
      63 1 AP TURKEY, Fri. Turkish and Iraqi technicians have reportedly begun testing the sabotaged oil pipeline from Iraq to the Turkish Mediterranean coast in preparation for a resumption of pumping early next week. Sources in Ankara said the Turkish authorities were keeping information on the pipeline "under wraps,"
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    • Article
      Lock icon Wang admits guilt
      77 1 Reuter PEKING, Fri. One of the disgraced radical Gang of Four, whose trial began yesterday, has admitted his guilt and other defendants have at least partly confessed. The official People's Daily said the youngest of the four, Wang Hongwen, 45, told the judges a few days ago
      Reuter  -  77 words
    • Article
      Parliamentary question
      70 1 DEVELOPERS have been accused of obtaining planning permission and then delaying the development of their properties in order to speculate on the project. Mr Ng Kah Ting (Punggol) will be raising the question at the next Parliamentary sitting. He will ask the Minister for National Development what measures
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  • Article
    Chief Price Changes
    125 1 Rises M T C Rothmans MBS M Cables M Glass G E Life I C B Esso Shell L Kepong Hong Leong Sea View mmmm 00 00 56 52 40 30 25 25 22 20 20 20 Falls Pefi Msia Syn Resins O U E Dunlop Ind
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  • Article, Illustration
    KUALA LUMPUR
    141 1 Rises M Cables 472 56 Roth mans 625 50 M Tobacco 690 50 MBS 540 48 Berjuntai 1590 40 Shell 466 26 Gen ting 895 25 Falls Troooh 2300 -50 Dunlop Ind 695 -45 Syn Resins 850 -40 Prima 520 -30 OCBC 1320 -20 PMC 1400 -20 Indices
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  • Article
    Siemens expects jump in sales
    586 1  -  MARKET OUTLOOK UNCERTAIN By FONG MEW LENG DESPITE the current uncertainties facing the electronics industry, a giant European multinational in Singapore is planning to increase its investments substantially as it is confident of a close to 40 per cent growth in export sales next year.
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  • Article
    Robin Shipyard wins Qatari order
    247 1 ROBIN Shipyard has obtained a $12 million order from the Qatar National "Navigation and Transport Company to build two oil rig supply vessels. The vessels will be used by Qatar National Navigation, which operates a fleet of 15 supply vessels, tug boats and barges, to
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  • Article
    Responsibilities of computer sellers
    429 1 COMPUTER companies and consultants should not merely pursue profits in what promises to be a buoyant market for computers in the 80s. They should shoulder the responsibility of providing proper advice and guidance to first-time users of computers, said Mr Robert lau, managing director of the
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  • Article
    Energy conservation
    341 1 MORE companies should take advantage of the current Interest in energy conservation by providing professional consultancy services to building owners and developers. Financial advice would be in demand as many people still do not have adequate knowledge about energy conservation. This advice came from the chief electrical engineer
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  • Article
    Don't be unduly alarmed, advises Pegi Malaysia
    278 1 THE executive director of Pegl Malaysia has advised shareholder aat to be aadaly alarmed by reparts sf alleged charges of fraud against Good yield Holdings' managing director, Mr Eng Chin Ah. Yesterday, Pegl shares took a torn We tram liarsday's dosing sf $14.21
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  • Article
    Team from China here to discuss projects
    439 1  -  By SIOW LI SEN A DELEGATION from China is in Singapore to discuss with local companies co-production projects in the camera and optical field. Members of the delegation come from two organisations, the China National Machinery and Equipment Import and Export Corporation and
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      5 1 SINGAPORE FOR PEOPLE WHO MATTER
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    • Advertisement
      Page 1 Advertisements Column 2
      98 1 XL is the energy drink in the international sports events of 15 countries. In America, Japan, the Middle-East, the Asean and f European countries, XL is the recommended energy drink for international sports events. Now available at all supermarkets, emporiums and other outlets. XL my favourite energy drink for training
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      Page 1 Advertisements Column 3
      73 1 man LEISURE TIMES laiaatrial tralaiag methads In WHY gaM nmittr packs the Wert Germaay 5 erawd la I DRAWBACKS af Japu'i sac- FEDERAL reserve Is latest m iMM ear iadastry I tight maaey 12 THE rale af miersekip la the US Exhn Baak acta ta pramate ear af the fatare~.~
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      Page 1 Advertisements Column 4
      3 1 •8m hick page
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      Page 1 Advertisements Column 5
      66 1 Your Dictionary of Business ...The Straits limes DIRECTORY of Singapore Oui] u !:■'> ktiou jb>>m u;m />•. j!' Irotu {..diet. .1 rji t: »t J n nu U .it :i i >/:}■<. i < übl; nullou. .hi J u L'jwpiirm ill I<• .m j UIVDU' affair. jlitl* I >■■//, l!
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      523 2 Aspotra Guan Hoe are proud to announce their appointment as sole importer of Saab cars. We are honoured to be selected sole importer for such a distinguished car as the Saab. At Aspatra Guan Hoe, we are confident that Saab will take its rightful position in the prestige and performance
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      534 3 Resolved—the vital decision for the discriminating people from Saab-Scania of Sweden Found! Aspatra Guan Hoethe local importer for Saab cars m I&ZML Flying high: Saab-Scania s famous Viggen Saab-Scania of Sweden are today proud to Announce the appointment of Aspatra Guan Hoe as the sole local importer of the famous
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  • RAW MATERIALS
    • Article
      Rubber prices improve in quiet trading
      266 4 PRICES on the Singapore and Malaysian rubber markets for the week Nov 13 to 20 edged up daily to improve by some seven cents overall in quietly steady conditions, says H«Uday, Caller ,aad Bath in its weekly review. The rise, accompanied by fair volume
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    • Article
      RICE
      345 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (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 0.82. THAI BROKEN: A-super 0.74, Special 0.70.
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    • Article
      RUBBER
      202 4 THE SINGAPORE market closed slightly higher yesterday with December One RSS buyers quoted at 304.50 cents per kilo, up 1.75 cents from Thursday's close, dealers said. Morning prices were marked up about 2.25 cents on weekend covering interest and speculative buying coupled with some forward demand. In the afternoon,
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    • Article
      RAS PRICES
      309 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt t.o.b. 297 50 298.50N Int. 1 R.S.S. December 304.50 305 00 Int. 1 R.S.S Jan 1981 309.50 310.00 Int. 2 R.S.S. 289 50 290.50N UK/Coot 288.50 289.50N Int. 3 R.S.S. 286.50 287.50N
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    • Article
      SSR and SMR
      111 4 NOON SSR u ■d SMR prim yourday RAS December (Carnal Mth) Jaaaary (Forward Mth) Barer* Sallar* Bayer* Seller* SSR 20 <lta» pallet) 247.00 249 00 N 249.00 251.OON SSR SO (1 tor i pallet) 242.00 244 00N 244.00 246.00N MKELB SMRCV (1-tM pallet) > pallet) 292.50 294
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    • Article
      Straits Tin
      77 4 THE STBAITB tla price la Peuag steed uekuged at M$2,M6 per pieal yesterday (equivalent te $33.15 per Hie), te staad $141 below the lateraatieaal Tla Agreement eeiltag, dealers said. A smaller delivery of tla ores, eeapled with continued buying from Japaa, Earepe aad lecally, helped prices Cram feUewtag
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    • Article
      Closing prices
      36 4 Rubber: Nov 21 Singapore: Dec: 304.50 cents (up 1.75 cent) Malaysia: Dec: 312.50 cents (up 2.75 cent) Tin: M 52,005 (unchanged) (equivalent to $33.15 per kilo) (unchanged) Official offering: ***** tonnes (down 19Vi tonnes)
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    • Article
      WHEAT
      142 4 WHEAT futures traded at the Chicago Board of Trade on Thursdaycloaed TH to 4 US cents a bushel higher in active trade. Prices settled on top of an 11-cent range. Aggressive local shortcovering in response to sharp advances in corn and soybean complex futures, following numerous rumours that circulated
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    • Article
      Produce exchange
      182 4 CHINESE Prodaee Exchange, Stagapsre, noon el—lng prices per IN kg yesteriay: Coeoent all: Bulk fob $140.00 sellers, ok! drum (in second hand drum) fob $152.00 sellers, new drum fob $160.00 sellers. Copra: Mixed (loose) $86.00 buyers. Pepper: Muntok white pepper fob Asta NLW $425 00 sellers, Sarawak white
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    • Article
      SOYBEAN
      205 4 SOYBELAN futures in Chicago on Thursday closed 17V« to 11 V« US cents a bushel higher in active trade. Prices settled on the high side of a 27 Vj-cent range. The six most deferred contracts ended at new season's highs. Local profit-taking shaved extreme gains. Reports of increased country
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) OtUa yara: China Blue Phoenix 20s 1,930: 32s 2,720, 40s 2,900 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq: Five Lambs unq; Flower and Butterfly
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    • Article
      LONDON MARKETS
      794 4 COFFEE: Robusta futures yesterday closed the morning quietly steady £3 per tonne up from Thursday basis spot November at £995 to £10 per tonne lower. Turnover was 703 lots including 22 options and around 125 lots of cross trades. Dealers said after the opening the market held a
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    • Article
      PALM OIL
      136 4 THE Malaysian crude palm oil market closed slightly lower yesterday after the Indian State Trading Corporation passed up cheap offers. Dealers noted selling of the November position which is due to expire soon. Lack of movement in the refined market and easing of the palmoil commodity futures market
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  • ASIAN STOCKS
    • Article
      Lock icon Focus mainly on quality stocks
      573 4 TOKYO Source: DBS THE Tokyo market yesterday responded favourably at the opening to the penetration of the 1,000 mark on Wall Street on Thursday. High-priced quality electrical appliance, precision equipment and communications equipment issues all advanced, with Sony and Pioneer leading. Big securities houses focused
      Source: DBS  -  573 words
    • Article
      Bangkok
      255 4 STOCK prices closed higher in quiet trading yesterday, dealers said. Bangkok Bank rose 10 baht to 294, Industrial Finance Corp five to 123, and Rama Tower four to 89.50. NOV 21 BahU Ana Credit 140 4 Asia Fibre 141 1 Ayuthaya Inv And Trust Bangkok Investment Bangkok Bank 2M
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    • Article
      Manila
      141 4 THE market was mixed as commercial, industrial and mining shares eased while oils was higher and turnover rose to 9.02 million from Thursday's 3.07 million pesos, brokers said. Losers yesterday included Atlas Con B and Lepanto B. NOV 21 Pesos Acojr Mining Alias Con A Atlas Con B. oon*
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    • Article
      Hongkong
      383 4 THE market opened firm for the first few minutes yesterday but heavy selling soon emerged, especially in HK Electric. Most of the local speculators were dissatisfied with the announcement by Electric, and the counter was driven to as low as HKJ9.SO before any buying support appeared. The dissatisfaction with
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    • Article
      Sydney
      341 4 STRONG performances by the ANZ Bank and Tooth Company helped the market's industrial board continue to overshadow the mining sector, dealers said. ANZ rose 20 cents to a year's high of $5.20. Bank of NSW lost 2 cents to $3.03 after reporting a 15.9 per cent profit lift to
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    • Article
      Selected indices
      50 4 FINANCIAL TIMES INDUSTRIALS Thursday 503-2 Wednesday 510.5 Week Ago 492.7 DOW JONES AVERAGE INDUSTRIALS Thursday 1000.17 Wednesday Ml.04 Week Ago 082.42 H.K.HANG SENG Friday 1900.18 Thursday 1578.28 Week Ago 1830.25 SYDNEY INDUSTRIALS Friday 77X08 Thursday 770JO Week Ago 787.13 ALL ORDINARIE8 Friday 1038.03 Thursday 1037.41 Week Ago 1037.75
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  • Page 4 Advertisements
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      247 4 This announcement appears as a matter of record only OVERSEAS UNION ENTERPRISE LIMITS) (Incorporated in the Republic ot Singapore) Rights Issue of 20,000,000 Shares of One Dollar each at $3.00 per share UNDERWRITTEN OVERSEAS UNION BANK LIMITED The following also participated in the underwriting: Asian-American Merchant Bank Limited ADP Holdings
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  • LABOUR AND TRAINING
    • Article
      Calling it a day at age 60
      532 5 THERE is a large social angle to the issue of increasing the retirement age of workers even though many will disagree that it is basically and solely a social question. Such a question cannot be answered by simply adding up costs and returns
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    • Article
      SHIPS IN PORT
      366 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Entre Rios II (0700 must vacate 0530/25 th) 3/4 Equator n (after Jenson) 22 Gushan (after Strathmuir) 42/43 Jalagovind (after Da Bai Shu) 15/16 Kota Berani (after Kota Bin tang Sc Ocean Hope) 10/ 11 Kimanis (1930) 21 Marie Bakke (2100 after
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    • Article, Illustration
      Lessons from a Siemens training centre
      954 5  -  By FONG MEW LENG THE rows of factory buildings looked very much like those in industrial estates in Singapore. As the driver tried to get to our our destination in the maze of intertwinning streets and blocks of factories, the similarity of the surround-
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    • Article
      In need of a craftsman?
      272 5 EARLY next month, about 3,000 trainees will graduate from the Vocational and Industrial Training Board after their National Trade Certificate Grades 2 and 3 and VITB Certificate courses. The NTC 3 courses are broad-based courses to equip trainees with the basic skills and to prepare
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  • Page 5 Advertisements
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      177 5 jdH tr* to ■>» I® i Ape rteC^en*» nd Ot eoiov""' 0 itovest^e'p"" o^ W o, \"Te U^ w e sP eC "(j ant»Q ue uT ev es des>9 n ®J ebe ets nQ- st^e rlSv^ o m 1 l p eaf\ ,n J* V c ,eate<i S^;s^'° roSO C
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      243 5 No mystique In this magnificent investment A good Oriental carpet has a charisma u hich 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
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  • Article
    Better facilities are needed
    462 6 COMMUNITY CENTRES have been told they must gear themselves to the current needs of Singaporeans. But, just what are these needs? And are these current needs that much different from those a decade ago? There are some who would maintain, with some justification, that people now
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  • Article
    Elementary lesson that went unlearnt
    212 6 THIRTY-FIVE years ago, at the Yalta Conference which marked the final stages of the Second World War, Allied leaders traded off free Poland for the assurances of the Soviets that they would ensure democratic regimes in that country and the rest of 'liberated' Europe. In
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  • Article, Illustration
    Lock icon Japanese zoning plans flounder
    741 6  -  By JAMES FOLEY Reuter A MAJOR long-range national economic plan to redistribute Japanese industry out of the overpopulated, polluted, trafficparalysed Tokyo-Nagoya-Osaka region has been gravely wounded by the global economic slowdown. Although Japan is faring better than most countries during the world economic activity decline, its
    Reuter  -  741 words
  • Page 6 Advertisements
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      199 6 k I 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 eny of the following courses and get just THAT QUALIFICATION! Institute of Administrative Management Institute
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      724 6 HOME CROSSWORD U CRYPTIC PUZZLE ACROSS I A heavy blow for a bighead, finally! (5) A stick to ban the use of? (5) I Smash hit on the road in a certain part (5) L Person in a loud check suit (3) I Loiter airily? (5) J Prove in the
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      744 6 The Gossip Columnist THE NIGHT'S viewing dees not promise to be rivetting, bat It should be bearable to most minds, at least. It starts at 7.59pm with part oae of The Gossip Columnist. This soaads worth a try as the story line is rather novel all aboot a bright and
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  • Article, Illustration
    Drawbacks success
    1662 7  -  The Japanese have to counter a storm of accusations of indulging in unfair, anti-social or over-ambitious business practices. CHARLES SMITH reports on the surge in Japan's car exports. CHARLES SMITH JAPAN'S motor industry is suffering from an overdose of success. The explosive growth of Japanese car exports in
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    RENEWED CONFIDENCE
    904 7 With the end of a long and damaging labour dispute and the injection of fresh capital for Fiat's car sector, the company is looking forward to a bright mediumterm future. However, Fiat's outlook for the longer-term is not so rosy. To survive as a car maker in the
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  • Article
    Lock icon Car venture in India
    426 7  -  By GRAVILLE WATTS Reuter HE INFANT Indian motor Industry, so far limited to producing a tough version af the British Morris Oxford called the Ambassador sad ft small toeally-made Flat, may maaafactare *ew car. Prime Minister Indira Gandhi's government has aanonneed U&. intention to set sp
    Reuter  -  426 words
  • Article
    Microchips will take over the wheel
    813 7  -  FOROM with RICHARD WAGSTAFF THE CAR of the future will be smaller but more luxurious, use less fuel than present models and probably contain its own microchip computer. But if the present trend in prices continues the cheapest car in 1990 could cost £12,000,
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      160 7 Seven Star Leather-bound Diary. Your exclusive and prestigious record for days, months arid years. Seven Star offers you the complete diary system. Select the individual sections that will suit you, and put them in to make up a diary tailored to your very own needs. Sections can be extended or
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        219 8 NOV 20 FIs Ali\ ***** 15 AMI t*S HI) -0 4 Ak/i. 19 20 >05 AVK *3 90 -02 Am:. 110 70 02 Amrobnk 60 00 09 fevpaaa 28 00 -2 IV rk 62 00S Irii 57 00 -02 li<*r nuiiiij 181 00 -5 tiiirhmann 55 00 -2 Byt-nkorf
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        Paris
        299 8 NOV 20 Frs CORBEILLE Air-Liquidr 559 2 b S N (irrvau 1 hi none 1164 64 C S F (Thom.sonCM| 478 -7.5 if Franca ise dfs Pftroks 254.50 1.5 I'oinpagnie Financiere Compazine Ornrralr 400 -2 Credit Fonrier De France 449 50 unch Hachetu* i Libra trie) 346 50 8
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        Frankfurt
        217 8 NOV 20 Dm Arg-Telrfimfcen 81 90 3.9 Akz«> 1700 All/ 1021 10 -389 Alls Vm 477 00 -6 BAB» 123 00 1.6 Hay H T Whank unch Ba> Vbank nr. tob BUM 109 80 2.3 BK( 273 70 -2.9 HV'A 158 50 0.5 mm -05 rit*hi Wru 232 50
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        Brussels
        94 8 m NOV 20 Krs FORWARD MARKET Am 310 -9 Arbrd on -20 Astur MO uncti Brasi an 920 18 Bru-l.anit) 1000 •2 CMMC 1230 ♦e V.OTK Ml -5 iv BMVS 355 -3 BM 1575 -5 DtcinM S030 -60 (ib-Inno-Bin mm -10 i«*\ ma -10 MM 2550 -10 IVtr«» 5410
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        Zurich
        207 8 NOV 20 Krancs Actions Suisse** 302 2 Alusuiv** br 1190 -20 AIU.nuism* Hr* 459 -2 bmwn Botrn br 1575 15 MM br 1000 15 C'lbtt Ci**!K> P C 790 15 i ih.i (>f i|{> Re* 557 1 i'rrdil Suisse* br 2W0 15 C'rrtil Suivnt Rrii 43* 2 Ekkiruuu br
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        Milan
        104 8 NOV 20 Lirr Ann 40 04* Asmn' i>rn **100 4010 Buslogl 715 55 CMnir 2M9 -130 1- tal 2» 50 t in*id«*r H8 8 <»«*n liiimoh 2145 135 Wt Nl 42» -375 llul<em«-uli anao 2575 MPM iwrj lt»l MdNftR .*10 9 Mjittirli M IM 680 15 Mantta n 383
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        TORONTO
        210 8 MA Jtf If A hit ihi M unrh Alcan 44 llpn 3» Hank Mont 34 Bar.k Novj Scotia .lb t IV11 Trl It) B«*th Corp HP i .m LM I ■MM -HI 38 2 Camp N**d laki* 77 2 DM np i*k 27 unrh DMpM 47 > Canfvii Inv
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        JOHANNESBURG
        305 8 NOV 20 Hand INDUSTRIALS A Alpha 4t£» 5 AbrffcMI MO unch Aft And CI HtM) unch AMI! PartMrs 11.*) -5 fg Sugar 1 .%50 JO i'urrie hn.inri> 91 -5 lh» hid 3080 Mmi 680 S F 'lk III HtfiOS unch Fvrrrady I'M VbMb 480 2 h u (H 2MB
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      630 8 See Page 4 for Asian stocks and Page 9 for NYSE prices Where to wine, dine and entertain The Great Family Do-ltAburself Barbecue A Merlin Grill Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch
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      Page 8 Advertisements Column 2
      143 8 Whatever your taste, the Cockpit Hotel makes it great. >* Dragon Palace Restaurant We re famous for our Cantonese Cuistne. Siamtsa Seafood Restaurant The Siamese Seafood Restaurant is as good as Bangkok! *> Victoria Bar Relax in an atmosphere of elegant days gone by The Coffee-House For informal meals arid
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  • BANKING AND FINANCE
    • Article
      Lock icon World Bank plans two yen loans in Japan
      481 9 Reuter THE WORLD Bank plans to float two large yen denominated loans in the newly opened Japanese long term syndicated loan market before the end of January. The Bank's treasurer, Mr Eugene Rotberg, said the Bank is considering borrowing next month around
      Reuter  -  481 words
    • Article
      Gold bugs in search of reassurance
      689 9  -  By LEE YOKE MENG SPECULATION was what the crowd really wanted. And judging from the good turnout at the Gold Exchange of Singapore's first seminar last Saturday, interest in both the spot and futures markets in Singapore is certainly not lacking. The 500-odd crowd
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      769 9 *.n ARRIVALS Service Local tor Number Time From PAA PA005 0045 JEK/SFO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SA SQ101 0815 KUL HR MH621 0635 PEN ■)(AS MH671 0930 PEN/KUL MAS MH605 0630 KUL SHT. SQ211 1000 HLP GAL CB14 1000 HLP CPA CX710 1005
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    • Article
      Lock icon Syndicated loan of US$100m for Manila
      144 9 Reuter THE GOVERNOR of the Philippines Central Bank, Mr Grogorio Licaros, has signed a US$lOO million syndicated loan in Hongkong. The syndicate of 25 banks is lead managed by First Chicago, together with Industrial Bank of Japan, CCIC Finance Ltd, West Lb Asia and
      Reuter  -  144 words
    • Article
      Lock icon Citibank silver certificates
      117 9 Reuter CITIBANK of New York has started selling silver certificates to investors. The scheme is similar to the gold certificate scheme the bank has run since earlier this year. The certificates are effectively receipts for silver held by Citibank. The certificates are not negotiable but are transferable
      Reuter  -  117 words
    • Article
      PLR
      22 9 THE average rate ai which major Singapore banks are currently prepared to lend to their best customers is 13.4 per cent.
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    • Article
      ASIAN $ RATES
      180 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Nov 21: U8 Dollar*(Spot) Offcr Bid 7 days 18'* 16V« 1 month 1013/*****1/18 2 months 18 15/16 16 13/16 3 months 16'* 16V 4 6 months lev. i6v* 9 months 15V16 153/16 12 months 15 3/16 151/16 8w.Fr*. Dm.
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    • Article
      Discount
      47 9 RANGE of prices offered by discount houses on Nov 21: Overnight: 6 to 1V<% Call deposits: SV« to 1%% Closiac Buying 8«llia( 3-month Treasury bills 613/18 611/16 3-month Bank bills 14 14 3 months CD 13H 13 0 months CD 135/16 133/16 Source: National Discount Co
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      Frankfurt
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      Australia/NZ
      1 9
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    • Article
      Dow Jones exceeds 1,000 mark
      984 9 NEW YORK STOCKS THE DOW JONES industrial average on Thursday closed over 1,000 for the first time since Dec 31, 1976. The New York stock market, which had been lower earlier in the day, surged ahead in the final minutes of trading with strong support
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    • Article
      Singapore market
      461 9 LATE TRADING pushed the US dollar marginally higher against major currencies In the foreign exchange market yesterday. Dealers said the dollar was steady during early trading. It gained momentum in the afternoon following its strength in London when the exchanges opened. The US unit firmed to a late
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    • Article
      Treasury bill tender
      66 9 RESULTS of tender held yesterday for 91-day bills (to be issued from Nov 24 to Nov 28) and 182-day bills (to be issued on Nov 24): 91-day bill# 182-day bill* Offered: {100.000.000 $15,000,000 Applied tor: AltoMed: $282,500,000 $48,000,000 S100.000.000 $15,000,000 Aceepted kids: 198.29 $96.48 approximately 45 c
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    • Article
      Hongkong
      108 9 THE US dollar was steady in very quiet and thin late trading yesterday, dealers said. No new factors were in evidence, and the market virtually died away before the European opening. The dollar stood at 1.9210/ 20 marks against an early 1.9215/20 and New York's overnight closing of 1.9220/
      108 words
    • Article
      GOLD
      346 9 GOLD futures closed generally higher compared with overnight levels after fluctuating narrowly throughout in quiet trading yesterday, dealers said. Total sales for the day was recorded at 80 lots while volume for kerbs was 81 lots with activity centred on December and February contracts, they said. December closed higher
      346 words
    • Article
      Silver quotes
      40 9 New York IS. MB 1910B 1970S 19 40S Zurich 19 008 18 MB 1930S 19.SOS Frt Am Singapore 19 40B 1910B 19 80S 19 JOS Closing price* in US dollars a troy ouno f. Source: Credit Suisse, S'pore.
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    • Article
      LONDON
      211 9 THE US dollar yesterday morning opened more than one pfennig over its overnight close here in response to higher dollar interest rates, dealers said. Eurodollar deposit rates opened 1/8 to 1/4 of a point above Thursday's close, after Continental Illinois became the first US bank to raise prime rate
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    • Article
      Tokyo
      142 9 THE US dollar for overnight delivery closed at 213.55 yen yesterday, compared with a 214.00 opening and 212.85 at Thursday's close, dealers said. Trading was light with volume amounting to $645 million. After opening sharply higher following its strength against major currencies in New York overnight, the dollar firmed
      142 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      27 9 TRAVEL SERVICE!! HOLIDAY LA-FLEUR TRAVEL S.T.P.B T/A267 Te1:*****51-*****11 Holiday Inn Hotel. Suite 4, 4th Floor Scotts Road. Singapore 0922 BUSINESSMEN!!! TRAVEL ECONOMICALLY WORLDWIDE ALSO CAR TRANSFER AVAILABLE
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    • Advertisement
      Page 9 Advertisements Column 2
      335 9 Asectn Swiss Trade Technology Fair 14 18 January 1981 Singapore Mandarin Hotel Get your invitation card from any Swiss Embassy in the ASEAN countries and Hong Kong or from Interfama Pte. Ltd. No 834, Bth Floor. World Trade Centre. Singapore 0409 Telex RS ***** INFAMA Tel *****12. MEDIC-ASIA* '81 S.E.
      335 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1840 10 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 o# 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Acsaa (3.608)
    1,840 words
  • Article
    Unit trusts
    174 10 ■wrauMTm (Ito—f prt— tm Hm The rjimmwct ]tf The Savings Pond 2 09 S pore Prof Fund L52 S pore Sec. Fund 2.30 S pore Invest Fund 1 98 S pore Equity Fund 1.50 ST *lu 2.30 1.00 in IN 1.57 tfuiiNirnuR Okam'iriMkrM Mai Invert Find 3 S3
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  • Article
    SHARE INFORMATION SERVICE
    2785 10 Gr'» Gr*s Net 1080 Company Last Div Div YHd P/E Vol Day High Low Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 358 15.0 2.8 4.1 14.1 300 220 Alcom 300 12.0 2.5 4.0 17.0 149 116 Allied Choc 135 -5 4.0N
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  • Article
    In Kuala Lumpur
    1877 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 unite, unless otherwise specified. INDUSTRIALS AtoM (3.048 3.085) (12) 304 (3) 3 00 (IS) 3.01 (2)
    1,877 words
  • Article, Illustration
    Keen interest in tobacco, oil shares
    707 10 A PAIR Bunker sf selected lanes set the pace at the Bmm— stack market yesterday u traders ceattaaed to skew mild eptlmlam. Despite tke Intermittent kaats sf profit-taking, tke general nndertsnr remalaed steady aad evea tke first hoar drap aI S8 peiats la tke
    707 words
  • Article
    Blue chips still good in KL
    580 10 SELECTED blue chips continued to show strength against a background of mixed trading to close markedly higher at the Kuala Lumpur stock market yesterday. Tobacco issues, Malaysian Tobacco and Rothmans were the most bullish among the previously neglected counters, both advancing 50 cents to
    580 words
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  • COMPANY NEWS
    • Article
      Bandar Raya signs $1.2m loan accord
      330 11 A $12 million agreement was signed yesterday between Bandar Raya Developments and a consortium -.-of merchant banks. Managed by Aseambankers, 'the five-year loan will be '"used to part finance Ban-r-dar Raya's purchase of K. L. Land Sdn Bhd's shares. The loan includes a grace
      330 words
    • Article
      Small increase in earnings at Metal Box
      345 11 METAL Box Bhd has reported only a marginal increase in earnings at midterm despite a significant increase in sales. Group pre-tax profits for the six months to Sep 30, 1980 rose 3.3 per cent to $4.41 million from $4.27 million previously. The turnover
      345 words
    • Article
      RESULTS DUE
      423 11 Date Last Full Year Company Period Announced Net EPS Grass Pre-tax Inst year (eents) Div. <%> Profit (*1») KTPau I 24/9 32.3 36 2,021 P Prod I 24/9 22.9 10 5,458 Shell I 24/9 57.4 30.0 62,855 Raleigh Cycles I 25/9 <VQI D Baby I 26/9 42.1 10
      423 words
    • Article, Illustration
      Faber Merlin now largest in Malaysia
      940 11  -  By DAVID CHOW MAJOR hotel and property group Faber Merlin Malaysia has increased its total capacity in Malaysia and Singapore to 2,300 rooms with the addition of four more hotels, to make it the largest hotel chain in the country. The four new hotels,
      940 words
    • Article
      COMPANY BRIEFS
      135 11 BEN aad Co has elaborated on the resignation of its managing director Mr David Boyd. The company said his decision to leave for Australia was made two weeks ago when he received an attractive offer for a senior position there. The decision to leave Singapore was also made
      135 words
    • Article
      Profits plunge at Jurong Cement
      427 11  -  By CHOO AI LENG JURONG Cement's mid-year results indicates clearly how vulnerable the company is to higher energy and raw material prices. Its operating profits plunged by 45.5 per cent to $1.5 million from $2.8 million for the interim period ended Sep 30. Announcing the
      427 words
    • Article
      Export break for George Kent
      378 11 UNDAUNTED by a failure to secure a big Malaysian Public Works Department contract for water meters two years ago, George Kent Malaysia Bhd looked abroad for orders. These were secured from Western Europe and the Gulf states. But the big break came in September when
      378 words
    • Article
      Dividend and bonus share claim
      190 11 Dear H#ck Lack Stew There is one unsavoury aspect of our stock market that relates to claims for dividends and bonus shares by buyers who have missed the books' closing date and have to submit claims through the buying brokers. You may be aware that
      190 words
    • Article
      Lock icon Grandstand seats
      547 11 /ill J 3 by HOCK LOCK SIEW BARGAIN stocks are running so low these days that some people, so we have been told, have resorted to scrambling after the "unpriced" chairs in the broking galleries instead. Surely shares and chairs don't look alike (optical illusion maybe), even if
      by HOCK LOCK SIEW  -  547 words
    • LATEST RESULTS
      • Article
        SOUTH Johore Amalgamated Holdings
        41 11 made group pre-tax profits of 1292,000 for the six months to Sep 30, 1980 ($213,000 previously). Operating income rose to $4.35 million from $3.64 million. The directors expect the second half results to exceed the interim earnings.
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      • Article
        BOUSTEAD Holdings
        28 11 has declared an interim dividend of 10 per cent (10 per cent), payable on Jan 15 to members registered in the books as at Dec 18.
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      • Article
        SINGAPORE Fujitec Elevator Corporation's
        62 11 pre-tax profits before extraordinary items amounted to 2.79 billion yen (2.77 billion yen) for the full year ended Sep 30, 1980. Operating income increased to 1.75 billion yen (13.54 billion yen). Net profit after tax and extraordinary items amounted to 1.553 billion yen (1.55 billion yen).
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      • Article
        MALAKOFF
        27 11 has declared an interim dividend of 7.5 per cent (7.5 per cent), payable on Dec 30 to members registered in the books as at Dec 12.
        27 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      401 11 IMow available an Update t0... The key to under standing ASEAN The ASEAN Report Update Published by The Asian Wall Street Journal The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with the countries within the Association of Southeast Asian Nations
      401 words
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  • Article
    Sinking fund is what property managers need
    528 12 A PRUDENT property management company should set up a sinking fund to cater for major repairs or the replacement of equipment. This will ensure that recent buyers of strata titles will not be landed with costly replacements or repairs of the common property
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  • Article
    Effective means of promoting exports
    133 12 LOCAL manufacturers seeking to improve their export performance are not fully exploiting all the avenues open to them. Trade fairs and exhibitions are an effective means of export promotion, but few Singapore manufacturers who take part in these organise follow-up missions, said Dr Ow Chin
    133 words
  • Article
    Farm sector to be restructured in the eighties
    311 12 THE primary production sector is to be restructured further in the 1980s. The emphasis will be on bigger and more productive commercial farming. The Minister for National Development, Mr Teh Cheang Wan, said yesterday that the Singapore farmer should strive to be
    311 words
  • Article
    LONDON STOCKS
    858 12 LONDON, Fri. Gold mining shares were marked higher initially as the bullion price continued to edge higher, while other shares were a shade lower, dealers said. At 10am the Financial Times index was down 0.7 points to 502.5. Heavyweight gold producers were mainly marked 100 cents higher as
    858 words
  • Article
    Lock icon Fifty-one held in Pertamina oil theft case
    184 12 Reuter INDONESIAN police have so far arrested 51 people in investigations concerning the pilfering of about US$l2 million worth of oil from facilities and tankers of the state-owned Pertamina oil company. The Indonesian Observer reported that 36 of those arrested were Pertamina employees
    Reuter  -  184 words
  • Article
    Lock icon Fed says it will stick to its restrictive monetary policy
    604 12 NYT THE US Federal Reserve Board, in a strong reassertion of its commitment to reduce inflation, said it will stick to its restrictive monetary policy targets even at the expense of high interest rates and very little economic growth next
    NYT  -  604 words
  • Article
    Lock icon US Export-Import Bank to give longer term credits
    453 12 NYT THE US government has announced that It will lengthen the maturities of credits offered by the Export-Import Bank (Eximhank). The move is aimed at helping American exporters to compete against highly subsidised official export credits given by America's trading partners. Mr
    NYT  -  453 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      160 12 It's hard to beat Qantas to London. The 747 Qantas Express lifts off for London every evening, every week of the year. Bahrain is the only stop-over, so you arrive at Heathrow early the next day. That's a service hard to beat. Even harder to beat is the quality of
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally cloudy with occasional showers in several places. Report tor 24 hoars prior to 7Jt p.m. oft November 21 at the airport. Maximum temperature 28.6 Associated humidity 83 Minimum temperature 23.2 Associated humidity 90 Hours of sunshine 1.55 Rainfall in
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  • LEISURE TIMES
    • Article
      Thanksgiving feast at the Mandarin
      275 13 WEEKEND 60URHET GOOD old-fashioned American pioneer food is hard to come by these days and almost impossible to find in Singapore. Could it be that the art of wholesome cooking has succumbed to competition from fast foods? Whatever the reasons, it is a shame that
      275 words
    • Article, Illustration
      BOND FOR SPACE
      886 13  -  It boasts more than just moon rocks, space suit and astronaut's food and equipment. You can find out your weight on Earth, on the moon and on Jupiter. In other words, at the Hongkong Space Museum you can be entertained and educated. DESTINATION By WANG LOOK KEAH
      886 words
    • Article, Illustration
      LANVIN'S SELLING POINT
      655 13  -  By WONG AI KWEI LANVIN is possibly the most popular fashion house in Singapore. Formally set up here about U years ago, the sale of Lanvin designer clothes and accessories has increased by leaps and bounds, according to Mr Frank Benjamin, managing director of F J Benjamin
      655 words
    • Article, Illustration
      The spectacular, The conventional
      656 13  -  By SALMA KHALIK THICK smoke billowed Ml* the rtige, the music became a little eerie, all was dark araaad. Then suddenly, subdued calaared lights brightened op the eeatre of the stage aid a female (arm shawed dimly thraagh the eland of smoke. The music qsickened and
      656 words
    • Article, Illustration
      Right steps to run a road race
      1139 14  -  mm* By CHARMAINE CHAN TIMING running participants at the end of their race poses a big headache for organisers of a Road Race. Barbara Paddock, race director of the New York series of Corporate Challengers, was discussing the workings of a annual mass
      1,139 words
    • Article, Illustration
      FROM THE HORSE'S MOUTH
      100 14  -  By ALIA SELECTIONS for this weekend's racing at the Singapore Turf Club. SATURDAY: Race 1, Live N Learn; Race 2, Fa Fa; Race 3, Paskivltch; Race 4, Primrose; Race 5, Whistling Wind; Race I, Typhoon Joe; Race 1 t Flash O* Green; Race 8, Charles Street
      100 words
    • Article
      YOUR WEEKEND SPORTS
      331 14 TODAY GOLF: Changi. Aminah Haron heads the challenge into the second-round of the Ladies Club Championship strokeplay competition. There are nine competitors and the first flight tees-off at 8. SICC. The Junior Tournament will be held at the Island course this morning. Keppel. Sixty golfers will participate
      331 words
    • Article
      Let superstar Pele show you the way
      90 14 IF PELE, the Black Pearl is your Idol, go to the National Stadium Theatrette this morning and watch a Bt-mlnute film about the superstar» Starting at 11.39, the film is divided into six parts and Pele will be in action demonstrating the following
      90 words
    • Article, Illustration
      Hares and Hounds
      689 14  -  THE EXECUTIVE JOGGER By PEEBLE ORGANISED running clubs are not a new phenomena. The Singapore runner can choose among running groups sponsored by his local community centre, the Jogging Association of Singapore, the Macßitchie 25 and perhaps his company's recreation club. All these groups are worthwhile and,
      689 words
    • Article, Illustration
      Holden makes welcomed comeback
      1121 14  -  With a commendable degree of finish equal to most Continental makes, it is a sensible choice in the two-litre saloon market. MOTORING with Hermes IT HAS been quite some time since the Holden marque was heard on the market. Its disappearance about five years ago was
      1,121 words
    • Article, Illustration
      Royal elegance
      502 14  -  By LILLIAN CHEW FOR seme lucky wmdm, Ike timing af Garrard, the Crews Jewellers ef England, cealdal have been better. With CkrMmai Jut reaad the earner, It weald be dlfflealt fer their men to resist baying the exqakrite Jewellery aad diver ea display. Garrard has retoraed to Stagapsre
      502 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      113 13 'BUSINESS TIMESI When we say business we mean just that ru;E HOW does one organise a Road Race? CHARMAINE CHAN reports on the talk given by Barbara Paddock, organiser of the MHT Corporate Challenge which will be held tomorrow at the East Coast Park. YOUR weekend sports diary THE EXECUTIVE
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      Page 13 Advertisements Column 2
      142 13 BUSINESS TIMES GIVES YOU THE EDGE SEA PRINCESS UHB Cruising aboard P&O's Sea Princess simply means a-dream holiday come true Romantic intimacy, luxurious comfort, superb cuisine and fun-filled entertainment are some of the realities you'll enjoy Choose from a variety of specially tailored packages Crulaa-Fly packages: Embark Sea Princess at
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      453 13 WHAT WHERE DRAMA LAST NIGHT to watch Robert Yeo's "One Year Back Heme". At the DBS Auditorium at Bpm. Tickets at $3 and 12 available at C K Tang, Cold Storage, d MPH (Robinson Road) and at the door. CONCERTS A Concert of Wind Music by the Singapore Youth Orchestra.
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