The Business Times, 6 December 1980
1980-12-06
1
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The Business Times
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Title Section11 1980-12-06 1 BUSINESS TIMES M.C.(P) No. 111/1/8« SATURDAY, DECEMBER C, 1181 50 CENTS11 words
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BRIEFLY...
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Article81 1980-12-06 1 AP PARIS, Fri. A French oil industry bulletin today reported the discovery of a giant oil field in western Siberia, which, if correct, would be history's largest. Bulletin de l'lndustrie Petroliere quotes the Swedish consultant company, Petrostudies, as saying the oil reserves in the field are estimatedAP - 81 words
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Article48 1980-12-06 1 AFP KUALA LUMPUR, Fri. Democratic Action Party (DAP) political bureau director Chan Teck Chan has resigned from the party effective from today. In a statement issued at Parliament House, he said he submitted his letter of resignation to party secretary-general Lim Kit Siang last night.AFP - 48 words
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Article59 1980-12-06 1 AFP HONGKONG, Fri. A feasibility study has established that China can build its first nuclear power station and make it pay. This was stated today by Mr Lawrence Kadoorie, chairman of Hongkong's China Light and Power Company which intends to build the plant in conjunction with theAFP - 59 words
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Article80 1980-12-06 1 UPI JAKARTA, Fri. Opec will hold its meeting in Bali on Dec 15-16 despite the war between Iran and Iraq and disagreements on price policy, oil industry sources said today. "It is almost as difficult for Opec to have both the Iranian and Iraqi delegationsUPI - 80 words
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Article86 1980-12-06 1 Reuter KUALA LUMPUR, Fri. The price of Malaysia's high-quality light crude oil was raised by USSO cents a barrel to a range of $37.40 to $38.60 on Dec 1, oil industry sources said here. They said the state oil corporation, Petronas, lifted a premium onReuter - 86 words
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Article78 1980-12-06 1 AFP JAKARTA, Fri. The prestigious state-run Institute of Technology in Bandung, West Java, is still in the grip of a student strike, launched since early this month, the Jakarta daily Pelita (torch) reported today. The boycott was staged along with the issuance of a "student statementAFP - 78 words
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Article61 1980-12-06 1 AP BEIJING, Fri. China expects its economic readjustment programme, which has cut into its major purchases abroad, to last longer than the originally-scheduled three years, Toshio Komoto, director-general of Japan's Economic Planning Agency, said today. Earlier, the two sides signed an agreement on Japanese yen credits to ChinaAP - 61 words
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Article139 1980-12-06 1 Rises PMC B Ray a Msia Rice C Sugars Y H S Maia M U I Boustead P M Hldgs Berjuntai Straits Trading Sea View Town City 1250 570 515 1000 520 1400 735 505 1420 1310 414 330 80 45 43 40 36 30 25 25139 words
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Article, Illustration133 1980-12-06 1 Rises PMC 1310 90 PMRI 800 85 Tronoh 2060 80 C Sugars 1050 +65 B Raya 590 45 Yeo H S (M) 530 44 M Rice 530 40 Isl A Pen 940 30 S Trading 1380 30 Falls M Glass 440 -90 Kamunting 480 -TO Malaywata 250 25133 words
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Article735 1980-12-06 1 MARGARET THOMAS - THOUSANDS OF UNNECESSARY CASES By MARGARET THOMAS SINGAPOREANS charged with "social" offences like littering and minor traffic violations are unnecessarily cluttering up the courts. Ignorant of a provision which allows them to plead guilty simply by writing a letter to the court, they turn up at735 words
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232 1980-12-06 1 GLAMOUROUS Magnum Corporation yesterday took the stock market by surprise with a request for a temporary suspension in trading of its shares. The reason given was a customary "pending an important announcement" but up till late last evening, no such announcement was forthcoming. Hardly anyone thought232 words
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535 1980-12-06 1 CATHERINE ONG - Record profits by Cycle Carriage By CATHERINE ONG CYCLE and Carriage has once again turned in a sparkling set of results, thanks to some panic buying by motorists in anticipation of higher duties. The company, as expected by most investment analysts, has turned in a record profit of almost $83535 words
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Article262 1980-12-06 1 TWO Japanese teams will arrive on Monday one to study the environmental effects of the proposed coalfired power station and the other to finalise preparations for a computer software institute. The mission for the coal project, which will also study the feasibility of setting up a262 words
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255 1980-12-06 1 THE BORNEO Campnny, a HWitary st tke laehcape grasp, has reeeatly retrenched 21 employees as part ef Its rattans Hsa Um pregramme. T¥is will eat the cempany's total staff strength ef 111 by 13 per cent. Seareei said the eempaay has decided to255 words
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469 1980-12-06 1 HSUNG BEE HWA - By HSUNG BEE HWA THE government will soon revise the present ruling that allows for a 10 per cent tax exemption to all large energy consumers in industry. This exemption will, in future, be granted only to efficient energy users. While wasteful consumers will469 words
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Page 1 Advertisements
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Advertisement11 1980-12-06 1 *V\N\\AvsS> TISINGAPOW Business FOR k PEOPLE WHO MATTER Times Pefoocaß Pubtcctfon11 words
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Advertisement97 1980-12-06 1 XL is the energy drink in the international sports events of 15 countries In America, Japan, the Middle-East, the Asean and 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 and97 words
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Advertisement63 1980-12-06 1 as LEISURE TIMES HOW the toy Industry has performed this year 2 SHIPYARDS facing severe labear shortage i AN American to head Germany's Porsche grenp I SRI Lanka enjoys higher tonrtsm growth BRITISH Inanranee company setting np here..—.— ANALYSTS expect still higher US prime rateAIRCRAFT TV AND RADIO I, CROSSWORD63 words
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Advertisement180 1980-12-06 1 Ybur Dictionary off Business The Straits Times DIRECTORY of Singapore ►i Sir t ir< 4T '•5(1 V 1 «p S3 vJSTC 3^^ w i ii You'll appreciate ths quiet irtrcat tight in the heart of the city. Sir Scaraftad Lounge in 1819 takes you back in bme. To peace and180 words
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TRADE AND INDUSTRY
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472 1980-12-06 2 HSUNG BEE HWA - By HSUNG BEE HWA THE TOY industry in Singapore is going through a difficult year with a few companies reporting markedly lower sales compared with the same period last year. One of the leaders in the local toy industry, Aurora Products Corporation, said472 words
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289 1980-12-06 2 THE NATIONAL Junior College is the first school in Singapore to have its own computer system. The Digital PDP timesharing system that is now installed at the school cost the Ministry of Education around $250,000. It is to be used for the training289 words
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340 1980-12-06 2 SINGAPORE Is all ready to Mag back tto dlspUy pred■«to which have km kept la eaM storage to Iraq awalttag Ike aawabected Baghdad Trade pair. The RepabUe was tfMaih {■farmed by the Iraqi geverameat d the fair'» eaaeetlattoa toto last meath, alter twe peatpeaiui ala340 words
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Article, Illustration412 1980-12-06 2 LOCAL companies do not care much about the health of their workers. This is the view of Tony Sukandar who spent about a year trying to market a new type of air purifiers. Mr Sukandar is chairman of Tobero Pte Ltd, which is the regional agent for412 words
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301 1980-12-06 2 EXHIBITORS at this year's Machine Asia and Metal Asia trade fair have responded to the Government's call to upgrade technology in our industries. This year's exhibition will feature more expensive and sophisticated machinery, geared towards increasing productivity. This would apply particularly to machine tools301 words
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189 1980-12-06 2 A FAMILY-run company, Ngo Chew Hong Edible Oil (NCHEO), has made a commendable achievement it produced 60,000 tonnes of edible oil this year, which is four times more than its output last year. Sales are in the region of $90 million to 1100189 words
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Article341 1980-12-06 2 SIOW LI SEN - By SIOW LI SEN SINCE its inception two years ago, General Motors (GM) Singapore has been expanding its activites unabated. Its investments today are approaching MO million, and GM expects to top the 150 million mark by 1982. Investments were $27 million in September 1979341 words
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232 1980-12-06 2 TWO MEN, representing the biggest exporters of Chilean timber, are surveying the potential of Singapore and the region as future markets for Chile's sawn or log softwood timber. Mr P Ortuzar, manager sawmill division of Forestal Arauco Ltda is in Singapore with Mr V232 words
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Article276 1980-12-06 2 SEMINARS AND COURSES Nov 24-Dec 12: Financial Planning For Marketing Managers, 6th floor Cuppage Centre, National Productivity Board Nov 24-Dec 19: Module V Production Management (Certificate Course in Business Management), 6th floor Cuppage Centre, National Productivity Board Dec 1-12: Industrial Hydraulics, 6th floor Cuppage Centre, National Productivity Board276 words
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Article339 1980-12-06 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Ruby (1630 tide, after Kim Ann hauls 4 Cherry Singa) 27/28 Fukuzaku Maru (0800) 19 Golden Eagle (0600 after Golden Summer) 23 Irenes Ideal (***** ide, after Pacific Breeze) 18 Kim Ann (0630 hauls 15m East) 25/26 No 7 Do nam339 words
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Article330 1980-12-06 2 A HIGH-SPEED car for measuring the friction value of airport runways to pre- vent accidents will be un- veiled in Singapore in March. Known as the Saab Friction Tester, it will be introduced to the South-east Asian market by Saab- J Scania of Sweden at the "Airport towards330 words
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Page 2 Advertisements
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Advertisement86 1980-12-06 2 The Times Calendar- FESTIVALS 81 Festivals '81 is exquisitely reproduced from 12 Chinese brush paintings in water colour by well-known artist, Low Puay Hua. These paintings of local festivals are specially commissioned by The Times Organisation. Low's expert strokes combined with skillful printing makes The Times calendar a treasured possession.86 words
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Page 3 Advertisements
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Advertisement305 1980-12-06 3 -.fj' l*2A Step into Chuan Hiang and a fabulous set of wheels the all-new Mitsubishi Galant. One stop is all you need to make. We will take care of the rest. K~ After all, we are the people to whom service is a way of life. Ever pHfe J since305 words
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RAW MATERIALS
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Article272 1980-12-06 4 DULL and featureless trading persisted for the most part of the week ended Dec 4 as prices slipped 5 cents before recovering later, says HaUtey, Caller, ud Bath in its latest review of the Singapore and Malaysian rubber markets. Bids and offers tended to be wide272 words
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492 1980-12-06 4 Reuter PRICES on the US Soybean Complex are expected to rise until after the midJanuary USDA crop report and should peak in the first quarter of 1961, say commodity consultant Primary Commodity Research Ltd, in a report on the Soybean Complex. The reportReuter - 492 words
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Article321 1980-12-06 4 OPENING prices on the Singapore rubber market yesterday were marked down initially on lack of follow-through support before some weekend shortcovering interest merged at the lows to recover the loss slightly. Some forward demand and switching also aided the recovery in an otherwise quiet market. The morning session closed321 words
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Article36 1980-12-06 4 Rubber: Dec 5 Singapore: Dec: 296.50 cents (down 3.00 cents) Malaysia: Dec: 307.50 cents (down 2.00 cents) Tin: M$ 1,895 (unchanged) (equivalent to $31.33 per kilo) (unchanged) Official offering: 148 tonnes (down 13 tonnes)36 words
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Article309 1980-12-06 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyer* Sellers Int. 1 R.S.S. prompt f.o.b. 294.50 296.50N Int. 1 R.S.S December 297.50 298 50 Int. 1 R.S.S. January ***** 306 00 Int. 2 R.S.S 283.00 284 OON UK/Coat 282.00 283.00N Int. 3 R.S.S 280.00 *****N UK/Coat309 words
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Article112 1980-12-06 4 NOON SSR and SMR prioa yea) lardajr RA8 SSR 20 SSR SO (1 too pallet) <1 too pallet) Paaaibar (Carnal Mth) Bay en Sellers 243.00 246 00N 239.00 241.00N JUMTT (forward Mtk) Bayere Saltan 246.00 247 00N 241.00 243.00N MRELB SMRCV SMRL SMR 5 SMR GP SMR112 words
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Article68 1980-12-06 4 THE STRAITS fli price ta Ptiiig yesterday remailed sachaaged at Mfl,BS6 a pica! (eqaivaleat to $SIJS a Uto), $2m betow Ike litemttoaal Tla Agreement ceiling. The steadtarss was malaly attrlbated to the tower toraever *f 118 teaaes against Thursday's 111, dealers said. Small haytag frsm Japan, Earepe aid68 words
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296 1980-12-06 4 Reuter THE US General Services Administration (GSA) has confirmed the sale at 20 tonnes of excess stockpiled tin to US Steel Corp at U516.67 a pound. The award was made under Wednesday's offering, a GSA official said in confirming LondonReuter - 296 words
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Article748 1980-12-06 4 COFFEE: Robusta futures yesterday closed the morning slightly steadier, £1 to £8 a tonne up from Thursday against a narrowly mixed opening of £2 down to £4 up. Turnover was 752 lots Including 26 options and around 300 lots of cross and switch trades. Dealers said mixed trading748 words
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Article339 1980-12-06 4 SINGAPORE: Yesterday's closing prices In SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.12, 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*uper 0.76, Special 0.73.339 words
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Article121 1980-12-06 4 THE Malaysian palm oil market yesterday continued lower on lack of buying interest, dealers said, despite the Indian State Trading Corp buying refined bleached olein at around US$57O a tonne, January shipment cost and freight. December, in the South, fell M 58.50 to 1960 a tonne and in121 words
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Article175 1980-12-06 4 CHINBBB Prsfeee Rxekuge, rings pss 11. rlwlig priM per IN kg yesterday: Caesnat ail: Bulk fob $140.00 sellers, old drum (In second band drum) fob $152.00 seller*, new drum fob $160.00 sellers. Cspra: Mixed (loose) $79.00 buyers. Pepper: Muntok white pepper fob AsU NLW $415.00 sellers, Sarawak white175 words
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Article195 1980-12-06 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattsa yara: China Blue Phoenix 20s 1,985 32s 2,730, 40s 2,940 (per bale of 400 lbs). Piece gasds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly195 words
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Article207 1980-12-06 4 CHICAGO soybean futures finished mixed on Thursday, down three US cents a bushel to up one in choppy trade. Prices settled around the middle of an 18V4-cent range. Local buying on dip 6 and selling on rallies accounted for erratic price action, traders said, however, the market held relatively207 words
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Article216 1980-12-06 4 WHEAT futures in Chicago on Thursday closed 2Vt US cents a bushel higher in near December to down 6V4 cents in deferreds. Steady commercial pricing, paced by the NW elevator crusher, prompted local short-covering and held nearby positions on the plus side. Rumours of continued Chinese export Interest sparked216 words
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ASIAN STOCKS
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538 1980-12-06 4 TOKYO Reuter SHARE prices closed lower yesterday after initial firmness with early gainers such as high-priced electricals, precisions and blue chips ending mixed, dealers said. The market average shed 12.87 to 7,136.60 in moderate trading with volume of 350 million shares. The TokyoReuter - 538 words
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Article338 1980-12-06 4 YESTERDAY'S trading was volatile but two-way as neither buyers or sellers could gain the upper hand. Fear of a local interest rate hike brought out the sellers, while optimism that the recent correction has bottomed brought out the buyers. The market fluctuated around Thursday's closing levels and finished on338 words
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Article251 1980-12-06 4 SELECTED bargain hunting yesterday pulled the share market out of a two-day decline but a rise in US discount rate kept the resource sector unsettled, dealers said. DEC 05 Cents INDUSTRIALS A. C. 1. 203 -3 A N. I 305 unch A P M 205S Ampoi Pel 172 2251 words
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Article126 1980-12-06 4 THE STOCK market* .iras mixed yesterday as-o*m-mercial and industrials held firm while minings and oils eased. Turnover rose sharply! to 7.5 million pesos from. 2.1 million on Thursday. DEC 05 Pesos Acoje Mining .007 -***** Allu Con A Alias Con B. 3225 -075 Baguio Gold 00M -0 0006 Benguet126 words
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Article14 1980-12-06 4 THE BANGKOK stork market was clued yesterday fer a leeai bellday (Kiag's Birthday).14 words
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Article47 1980-12-06 4 FINANCIAL TIMES INDU8TRIAL8 479.3 401 _2 DOW JONES AVERAGE INDUSTRIALS Thursday 070 48 Wednesday 972J27 Week Ago clos*d H.K.HANG SENG Friday.. 1382.51 Thursday 1373.78 Week Ago 1445.51 SYDNEY INDUSTRIALS Frldftv 'MTJ.t Thur»9»y BBS Week Abd J ALL ORDINARIESFriday lOOOjfe Thursday BSBJ4 Week Amo 11 out47 words
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Page 4 Advertisements
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Advertisement24 1980-12-06 4 h I -\l J o I 3 :>■- k L 4SZ*o9" FEDERAL PUBt! ©^ctof^ 1 New Industrial Road.'Sin A member of the Times Organi imfi,24 words
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Article730 1980-12-06 5 ARRIVALS IS Service Local Operator Number Time From PAA PA005 0030 JEK/SPO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH671 0930 PEN/KUL MAS MH605 0830 KUL SIA SQZ1I 1000 HLP CAL CI814 1000 HLP CPA CX710 1005730 words
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LABOUR AND TRAINING
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Article, Illustration1121 1980-12-06 5 WONG AI KWEI - THE Vocational and Industrial Training Board ia the largest industrial training centre in Singapore. Its apprenticeship scheme allows trainees to spend a good part of their time in actual work environment. WONG Al KWEI speaks to companies participating in the apprenticeship scheme for the printing industry. Their1,121 words
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286 1980-12-06 5 A NEW collective agreement was signed recently between the Cockpit Hotel's management and the Singapore Catering Services Staff and Workers Trade Union. The new agreement has several improvements over the old one and will benefit many of the 270 bargainable employees. One new286 words
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447 1980-12-06 5 SINGAPORE ship and rig builders and shiprepairers are once again facing a severe labour shortage, and this has apparently been aggravated by the recent Spyros incident. To meet the shortage, many yards are expanding the already large pool of foreign labour. The industry, in447 words
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Article55 1980-12-06 5 MORE than 3,000 Vocational and Industrial Training Board trainees will graduate today from their basic National Trade Certificate 2 and 3 courses. Most of the trainees are from the maintenance fitting, metal machining, general welding and plumbing, and pipe-fitting courses. The VITB will give relevant information to employers55 words
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Page 5 Advertisements
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Advertisement111 1980-12-06 5 TRAVEL SERVICE!! HOLIDAY LA-FLEUR TRAVEL S.T.P.B T/A267 ret:*****51 •*****11 '4 IB Holiday Inn Hotel. Suite 4. 4th Floor Scotts Road. Singapore 0922 mJSZ BUSINESSMEN!!! TRAVEL ECONOMICALLY WORLDWIDE ALSO CAR TRANSFER AVAILABLE You are invited to an exhibition of the World's largest collection of attache cases featuring over 100 models, including111 words
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Advertisement234 1980-12-06 5 No mystique in this magnificent investment A good Oriental carpet has a charisma which derives from ail aesthetic fusion of design, artistry.', technical construction, durability, symbolism, history and age. I he better the carpet the more powerful the charisma, and additional factors come into play such as raritv. intellectual clarity234 words
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Article433 1980-12-06 6 SO, NOT only do litterbugs clutter the streets with their discarded rubbish, they also clutter the courts with their unnecessary appearances. There is a certain irony in the way the Environment Ministry, with the best of intentions no doubt, picks litterbugs off the streets and433 words
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230 1980-12-06 6 THERE MUST be many a full-blooded Singaporean fellow whose mind these past two days has turned to dark thoughts of riotous assembly. What feverish mental calisthenics there must have been to find a suitable cause for taking to the streets, cum banners but ex230 words
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Article1254 1980-12-06 6 TONY AUSTIN - TEXTILE TRADE TALKS IN GENEVA What is the future of the current multifibre arrangement (MFA) which was launched in 1974 and is due to expire on Dec 31, 1981? And what will be the outcome of the textile trade talks which are scheduled to be heldReuter - 1,254 words
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Article, Illustration812 1980-12-06 6 MALLIKA WANIGABUNDARA - By MALLIKA WANIGABUNDARA Depthnews SRI LANKA has entered the high destination bracket in tourism. A Pacific Area Tourist Association (PATA) study says that Sri Lanka was third among countries in the area with increased tourist arrivals last year. In 1978 there were 192,992 tourist arrivals in Sri Lanka;Depthnews - 812 words
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Page 6 Advertisements
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Advertisement207 1980-12-06 6 L jssa®* Why idle away your I if a and languish in poorly paid job# with no future whan you can move ahaad with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative Management207 words
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Page 6 Miscellaneous
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Miscellaneous1246 1980-12-06 6 TsVffi Battlestar takes off tonight as will hf« tkry n sheet II ni Ml jn tM expect Mi 11nipt what hfp— aleag the things de net ge aniifcl ef Bat- vajr. Tke aeries, starring to ptnas. fpeeed- Line Greea, Klehiri If the stery Dae wads a sMtWns Batch, DM Bieiliit,1,246 words
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Article, Illustration744 1980-12-06 7 BRIAN CATHCART - The current drift towards protectionism has arisen because the West's major trading countries seem unable to agree on new minimum interest rates for export credits. BRIAN CATHCART reports. BRIAN CATHCART Reuter LEADING industrial nations could be heading towards a "credit war" after 18 monthsReuter - 744 words
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962 1980-12-06 7 GARY KLOTT - By GARY KLOTT AFTER nearly a quartercentury of global progress iii knocking down obstacles to free trade, rising unemployment and slow ecooomic growth have fuelled pressures in many nations to raise the barriers again. Pleas of the ailing US car industry for import962 words
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Article845 1980-12-06 7 JOHN VINOCUR - FORUHi With JOHN VINOCUR NYT NEXT Jan 7, an American will take over as president and chief executive of the Porsche car company. He has never been inside its headquarters, has yet to drive a Porsche, and until two years ago did not know enough GermanNYT - 845 words
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Page 7 Advertisements
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Advertisement372 1980-12-06 7 Naw available aa Update 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 (ASEAN)372 words
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INTERNATIONAL STOCKS
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Article1160 1980-12-06 8 THE NEW YORK stock market on Thursday lost all of its gains in the last hour of trading to close mixed. The Dow Jones industrial average was down nearly two points but advances led declines by a small margin as volume expanded to 51 million1,160 words
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Article200 1980-12-06 8 DEC 04 Ct Abilibi 25'. Ale jn 42 Algoma Bank Mont 33 •u Bank Nova Scotia 34 Bell Trt 20 Beth Corp BP Can Ltd 40 Brascan 36 Camp Red Lake 7* 1 Can Imp Bk 26 -1 Canpac 47 Canpar Inv Pf 20 unrh Carling O KwIf 10200 words
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EUROPEAN MARKETS
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Article178 1980-12-06 8 DEC M Fta ♦A ABN 278J0 c Ahold 08.30 _0 2 Akao 15J0 AlfEV MOO Amfu 11X00 unch Amrobnk 56.20 -1 grp. 1530 5i 30 "J BnU 56 00 -1 Boriumij 183.50 4 U Burhmann 55.00 Bjvnkor! 3500 -23 Caland 28 JO -0.2 Calve Delft *****0 unch Dell Ml)178 words
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Article264 1980-12-06 8 DIC 04 Fr» CORBEILLE Alr-LlquMe B S N Qerrali DMOW C 8 F (TTtomaonGW) Cte FrancaJje del Petmu. 519 not 440 380 -3 -4 -3 75 Compafnte Financial* Compafnle Oenerale Credit Foncter De France S0J0 432 0J Hachette (Ubralrle) Machine* Bull Mlchelln (B). 313 56JO 742 -7.1 -0.4 >2264 words
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Article93 1980-12-06 9 DEC 04 Frs FORWARD MARKET Acec 303 unch Arbed 1180 unch Actur 288 unch Brucan #44 Bru-Lamb 1000 -4 Canpac 1246 unch Cock 149 +6 De Beers 380 5 PhM 1580 10 Electrobel 3B20xd -230 Gb-Inno-Bm 1960 -40 Oev I'M 14 Hobok 2470 -80 Petro 5380 -100 Ryl Dutch93 words
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Article101 1980-12-06 9 DEC 04 Lire Anlc 8.00 0.1 Assoc Qen ***** -250 Bastofl 006 -4 Centrtlc ***** 105 Flat 3001 100 Fliulder 00 -4 Cten Immob 2185 -33 IF1 Prl 4170 30 Italcemenu ***** -300 ItaXgu 1641 -9 IUdslder 300 unch Ma«neU M Pf 090 36 Marelll Ere 345 1 Med101 words
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Article146 1980-12-06 9 DEC 04 Dm Aef-Telefunken 76.50 -0.1 Aklo All* Leben All* Vers BASF 124 00 Bay H T Wbank Bay Vbank Bayer 110.10 -0.7 BBC BMW 58.00 CMaella Chem Verw Commerzbank 133.00 -4 Conti Oumml 51.00 -0.1 Daimler-Bern 274 00 -2.7 Degutsa Demag 143.50 0.5 Deutsche Bank 286-50 -3.5 Dread146 words
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Article188 1980-12-06 9 DEC M Francs Actions Suuaea 286 1 AioiutiM Br. 1125 Alusutsse Rec 443 unch Brown Bo»en Br 1530 -30 CU» Qelfy Br. 985 15 Clbe Oel*y P C 786 unch Clbe Oei«y Ref 566 -1 Credit Suisse Br 3815 -5 Credit Suisse Reg 447 5 Bektrowatt Br. 3800 -S188 words
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Article310 1980-12-06 9 DEC 04 Rand INDUSTRIALS A Alpha 420 unch Abercom 350 unch AE And CI 900 unch amic 20OOB Barlows 1120 unch Cg Sugar Currle Finance 220 unch De Beers Ind Edcon ZZ 575 unch Edgars ***** unch Eve ready Fed Vol* Fuglt 245 unch Oardlan Olenanl zz Oralemn 1060310 words
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Page 8 Advertisements
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Advertisement188 1980-12-06 8 Where to wine, dine and entertain Snacks for your island treks n Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m Saturday, Sunday Public Holidays 8.00 a.m. 6.00 p.m. 4 13ft Dolphin Snack Shop188 words
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Advertisement190 1980-12-06 8 w JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily: 12 noon 3 p.m. 6.30 p.m. —10 30p. m. For reservations call *****77 NrtSS fiirk SIM-mloii Siig^n|Ntn' SHE«A*ON HOTELS AND INNS IVO»ID'.VDE Smgniiore 102 c j Te> ,'3'%/V OP£RATFPH' FISH HEAD 1 CURRY AT THE ISLANDER190 words
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Advertisement78 1980-12-06 8 See Page 4 for Asian stocks Do-KAburself Barbecue A Merlin CriU Speciality From Mongolia comes a barbecue more succulent more delicious than any barbecue you have ever tried before. Only at the Singapore Merlin Lunch from 12 noon 2.30 pm at $14 00 per head. Dinner from 7.00 pm 11.0078 words
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Advertisement156 1980-12-06 8 OGQQO 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. l^M HUION INTERNATIONAL156 words
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Advertisement108 1980-12-06 8 F> V Dragon P»l»c* Restaurant Siamese Seafood We're famous for our Restaurant Cantonese Cuisine. The Siamese Seafood Restaurant is as good as Bangkok! W Victoria Bar The Coffee House Relax in an atmosphere of For informal meals and elegant days gone by light hearted snacks tPCKptt rwra Oxley Rise/Penang Road,108 words
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BANKING AND FINANCE
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253 1980-12-06 9 THE HONGKONG dollar is expected to remain easy against the major currencies, reflecting the continued strength of the US unit. It has been trading around HK$5.ll/5.12 to the the US unit against 4.94 in early September. According to the Manufacturers Hanover Trust's latest currency253 words
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Article455 1980-12-06 9 BANKS have eased the spread offered to Nigeria on a US$35O million eight year loan to a straight 7 /i point above London Interbank offered rates, Libor, banking sources in Paris said. Lead manager Banque de Paris et Des pays-has originally sounded out the market on a455 words
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Article69 1980-12-06 9 Reuter A BRITISH insurance company has paid a record U5538,275 million in claims on what it said was the largest single aircraft loss in aviation history. The aircraft, a Korean Airlines Boeing 747, caught fire on landing at Seoul airport on Nov 19, killing 16 ofReuter - 69 words
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Article84 1980-12-06 9 Reuter ORIENT Leasing has signed an agreement with the China International Trust and Investment Corp and the Beijing Municipal Government to set up a Joint leasing venture in the Chinese capital. The Joint venture, China Orient Leasing, will be capitalised at US$3 million, Orient Leasing said. ItReuter - 84 words
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Article113 1980-12-06 9 A BRIEFING on the "Prospects of the Philippine Economy in the East Asian setting" will be held on Monday (5.90pm) at the Tanglin Room of the Shangri-La Hotel. Philippine Commercial and Industrial Bank and PCI Capital Corporation are co-sponsors of the economic briefing. The session will be113 words
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Article, Illustration462 1980-12-06 9 ALVIN TAY - UK INSURANCE BROKER By ALVIN TAY FENCHURCH Insurance Holdings Ltd, the insurance broking arm of the UK's Guinness Peat Group, has opened an office in Singapore. The new company, known as Fenchurch Singapore Pte Ltd, will provide expertise and will be innovative in all areas462 words
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Article456 1980-12-06 9 NYT THE EMS, set up in March 1979 for an initial two-year period, will be extended for a further two years when it expires next March. West European leaders have agreed to an extension to their fixed-exchange-rate monetary system and plan to encourage the widerNYT - 456 words
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MONEY AND EXCHANGES
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Article488 1980-12-06 9 THE US dollar traded marginally easier yesterday in a thin and featureless market. Little activity was seen throughout the day. Against the Singapore dollar, the US currency opened at 2.1060/70 and drifted lower to 2.1050/60 before closing at 2.1020/30. A great deal of profit-taking and weekend squaring occurred488 words
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Article22 1980-12-06 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 13.8 per cent.22 words
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Article185 1980-12-06 9 ASIAN ASIAN currency deposit interbank rates as at close on Dec 5: Closing Asian dollar certificates of deposit for prime names: 7 days 1 month 2 months 3 months 6 months 9 months 12 months 1 month 3 months 6 months 12 months 1 month 3 months 6 months 12185 words
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Article323 1980-12-06 9 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in thin trading. Opening quotations were marked down between USUI to $13 an ounce following the rise in US discount rate to 13 per cent. Later, prices fluctuated marginally throughout the day. Total sales for the day was323 words
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Article42 1980-12-06 9 linn Wed New York 18 35B 18 45B 18.G5S 18.75S Zurich 18.70B 18 10B 1910S p>H 18 SOS Singapore rn 18 20B 18 50B 18 60S 18 90S Ckxing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore42 words
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Article185 1980-12-06 9 THE DOLLAR yesterday opened firm following Thursday's rise in the US discount rate to 13 per cent. In a rush of early buying, it opened at 1.9688/96 marks and then moved to 1.9596/ 9605 marks, around an eightmonth high. The dollar's early quotes here compared with a late Hongkong185 words
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Article136 1980-12-06 9 THE US dollar for overnight delivery yesterday closed firmer at 213 yen, compared with a 212.60 opening and 212.75 at Thursday's close. Trading was moderate with the volume US$963 million. The market calmed down in the afternoon with the dollar moving narrowly around 213 yen after active morning trading.136 words
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Article165 1980-12-06 9 THE US dollar yesterday eased slightly against the deutschemark in quiet late trading on some small suspected Federal Reserve intervention to support the German currency after having firmed sharply in the morning. It eased to a late 1.9675/80 marks from an early 1.9683/88 but was still well up on165 words
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Article50 1980-12-06 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 8 to 12: Offered: $90,000,000 Applied for: $178,500,000. Allotted: $90,000,000. Accepted bids: $96.31 approximately 88 per cent and higher bids in full. Avenge rate of discount on allotment: 6.775 per cent per annum.50 words
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Page 9 Advertisements
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Advertisement434 1980-12-06 9 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia Oil Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage434 words
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1643 1980-12-06 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 of 1,000 units, unless otherwise specified SBCTION ONE INDUSTRIAL COMMERCIAL Acma (3-348 3.505)1,643 words
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Article175 1980-12-06 10 MNOAPOBE UNIT W OCB-MONTAGl' (Ma lifers' srtess tar Dae (At) Union Spore Fund IS 1.31 INCOME BOND UNIT (Cam* prtess) Income Bood 1 36 1.44 maba inwnrnu (ManagW prtees tar Dee 1) First B putra 5 40 5.46 Second B'putra 4 20 4.S The Commerce Mi The Savings175 words
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Article2770 1980-12-06 10 1980 High Low Company Last Sale orGr'» Div Div Crr Gr"» Yld Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 300 140 180 424 129 352 745 408 810 245 220 116 138 270 60 275 246* 187 285 Aetna Alcorn Allied Choc2,770 words
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Article1865 1980-12-06 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwtoe specified. INDUSTRIALS AJa.m.l. (3.US) Aleam (2.968 2.985) (5) 2.98 AMD (0.808 0 925)1,865 words
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Article, Illustration691 1980-12-06 10 ANOTHER exteaslea «I ItarMsy'i recovery was mm m the Stogaparr stock market yesterday. Price» were largely «teamed hy new» sf aa 8.78 patat gala ea the Haag Seag ladex. Tradlag, hewever, remalaed selective as lavaaters refraiaed tram ever eemmltttag themselves, fsllewtag the eae per eeat691 words
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Article563 1980-12-06 10 THE Kuala Lumpur Stock market continued to move higher under selective buying yesterday. Attention was again focused on a handful of speculative issues which dominated trading from the start. Shares prices were generally steady on opening with better spillover sentiment. However, values softened a563 words
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COMPANY NEWS
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Article, Illustration988 1980-12-06 11 CHOO AI LENG - By CHOO AI LENG A RECENT internal revaluation carried out by Singapore Land has at last put an end to the guessing game in the property market on how much the group's completed commercial properties are worth. The total value placed on Shing988 words
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Article159 1980-12-06 11 SINGAPORE Load: AGM to be held at Suite 1901 (19th Floor) Shing Kwan House, 4 Shenton Way, Singapore, at 12 noon on Dec 12. AOKAM TIm Bhd: Twentysixth AGM to be held at Wisma Bunga Ray a, 152 Jalan Am pang, Kuala Lumpur on Dec 22 at 11am159 words
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Article520 1980-12-06 11 THE outlook for Fraser and Neave's soft drinks business appears uncertain as profit margins are continually eroded by rising costs. In contrast, earnings from associated companies which have already replaced the soft drinks business as the main revenue earner are increasing. Any improvement in520 words
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331 1980-12-06 11 MAJOR ehaagee an li the •Blag la Malayaa W—ĔĔm BMI heart af directors. Twt mhr dneten whe an retfrtag by nMIh are n#t expected li swk re 61m ttoa. It hi believed that they are Mr Isaisa "—Me af the haak'i twe executive331 words
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Article96 1980-12-06 11 I P forms venture ISLAND and Peninsular Development Bhd has formed a joint venture with a bumiputra company, Hasmat Properties, to develop a piece of land in Ipoh. The Joint-venture company, which will have an equity capital of |5 million, will be subscribed to 50-50 by the two parties. It96 words
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Article434 1980-12-06 11 Current Ex Book* Date Total for Total for Payment Dnte Clone Payable tbe year Previous year Aokam 18* (n)* Dec 8 Dec 18 Jan 2/81 28* 28* Bouatead 10*1 Dec 8 Dec 18 Jan 15/81 10* 25* CC M 32'i Dec 18 Jan 2/81 Jan 30/81 52vt* 56*434 words
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Article177 1980-12-06 11 Company Particulars Ei Date Books Cloa* Alcorn Bat* H Leoag M K Gaaa Flour M Banking Main Rice Ptfi Mala Rahmaa Hydraulic Sanyo lad SEAL Proposed rights issue of 2 for 1 all.70 per share Bonus Issue of 1 for 3 Proposed rights Issue of 1 for 2177 words
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Article551 1980-12-06 11 am HOCK LOCK SIEW MALAYSIA Rice will no longer be a misnomer. This once little company that is listed in section 2 of the stock exchange will soon have its name changed to suit the paramount role it will play in See Hoy Chan's expansion plan. ComeHOCK LOCK SIEW - 551 words
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Article58 1980-12-06 11 4.5 million units of 8.5 per cent convertible unsecured loan stock 1972/80 have been fully redeemed. The interest payment for the period May 1 to Oct 31, 1980 was made on Oct 31. The company has requested that the loan stock be withdrawn from the official list58 words
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Article34 1980-12-06 11 has ad- vised that it is suspending the production of calcium carbide temporarily for general overhaul, repairs and maintenance of plant and machinery. The company, however, has sufficient stocks for normal trading.34 words
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Article49 1980-12-06 11 has been asked by the Kuala Lumpur Stock Exchange to explain the shortfall in its pre-tax profit for the year ending June 30, 1960. The company had earlier forecast earnings of "not less than $1.73 million" but was able to realise only $1.55 million in pre-tax earnings.49 words
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Page 11 Advertisements
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Advertisement240 1980-12-06 11 NAt iWP t Books Western Management Science: Management Science has demonstrated itself to be a powerful decision making approach to a wide variety of managerial contexts. This book will give every reader a fuller insight into the method of management science. Human Behaviour in Organizations: This book is primarily concerned240 words
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Advertisement522 1980-12-06 11 (w/Hsffir Cycle Carriage Limited (Incorporated in Singapore I PROFIT DIVIDEND ANNOUNCEMENT The Board of Directors reports audited Group and Company turnover and profits as follows:Turnover: Singapore Malaysia n Associated Companies Troding profit amounted to To which should be added the share of associated companies' results Giving a profit before taxation522 words
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Article, Illustration214 1980-12-06 12 THE MARKET for floating rate certificates of deposit (FRCDs) should continue to grow next year, the senior manager of Morgan Guaranty Pacific, Mr James Moore, said yesterday. Mr Moore was speaking at the signing ceremony of the US$2O million FRCD issued by214 words
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Article255 1980-12-06 12 TRADERS and merchants who want to protect themselves against marine frauds should ensure that surveys on loading of cargo are carried out by reputable independent surveyors. They should not rely on the shipping company as a dishonest one might well "manufacture" a report to suit its255 words
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698 1980-12-06 12 NYT MANY analysts expect the US prime rate to go still higher now that the Federal Reserve Board has increased its discount rate from 12 to 13 per cent. The Fed move signals an even tighter credit squeeze that could further weaken housing andNYT - 698 words
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359 1980-12-06 12 NYT RISING prices for food and energy would cause in the United States an acceleration of inflation which is likely to last well into 1961. The Council on Wage and Price Stability, in an unusually pessimistic appraisal, said the country's underlying inflationNYT - 359 words
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164 1980-12-06 12 UPI OIL producing nations are depositing more money in Japan. Their deposits in Japanese financial markets have now reached 3.3 trillion yen (US$l5.B billion). A leading Japanese financial newspaper, the Nihon Keizai Shimbun, said this is a five-fold increase over 1978 and accountsUPI - 164 words
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Article, Illustration171 1980-12-06 12 Reuter THE leader of Malaysia's principal opposition party has agreed to stay at the helm after an executive committee, which met for five hours last night in Kuala Lumpur, rejected his letter of resignation. Mr Lim Kit Siang (ab*ve), 39-year-old secretary-general ofReuter - 171 words
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418 1980-12-06 12 Reuter SYRIAN and Jordanian troops remained kicked in a tense border confrontation yesterday despite the reported success o( Saudi Arabian efforts to end the crisis. Prince Abdullah Ibn Abdulaziz, commander of the Saudi National Guard, said his recent peace mission to Damascus and AmmanReuter - 418 words
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Article220 1980-12-06 12 Reuter THE Carter administration appears to be softening its remarks about potential Soviet military intervention in Poland. At the same time, President Carter's Polish-born National Security Adviser, Zbigniew Brzezinski, has rejected charges by the Soviet Union that he urged Poles to undertake armed resistance against theReuter - 220 words
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Article804 1980-12-06 12 LONDON, Fri. Share prices opened mixed in quiet trading. Gold mining shares were marked lower in line with the bullion price. Industrial leaders were mixed. Government bonds opened a fraction lower in quiet trading, with sentiment inhibited by the US discount rate rise to 13 per cent from804 words
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Page 12 Advertisements
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Advertisement585 1980-12-06 12 APPOINTMENT Owing to expansion, a well established Singapore-based Group of Companies is looking for personnel with exceptional capabilities and qualities to fill the following positions: A. CONFERENCE MANAGER The Conference Manager will assume overall responsibility for the operation and further development of the Company's Conference Division. The appointee will have585 words
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Advertisement35 1980-12-06 12 <VAVAVAVA\/AVAVAVAVAVAVAVA\/AVA\I r A! wo^ SEND FLOWERS THROUGH INTERFLORA MEMBERS FOR EVERY OCCASION ANYWHERE IN THE WORLD Discount Coupon A 10% Discount will be given on ALL INTERFLORA ORDERS Through any INTERFLORA MEMBER EXPIRY DATE: 1-1-198135 words
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Page 12 Miscellaneous
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Miscellaneous61 1980-12-06 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Mainly fair and breezy. Report for 24 hoars prior to 7.31 p.m. on December 5 at the airport. Maximum temperature 31.3 Associated humidity 66 Minimum temperature 22.4 Associated humidity 96 Hours of sunshine 8.50 Rainfall in millimetres 0.2 Total rainfall61 words
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LEISURE TIMES
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Article1023 1980-12-06 13 RICHARD SEAH - By RICHARD SEAH "THEY do not play music for me. I write the music for them to play" James Last. Not many musicians can have the honour of playing music specially written for them. But James Last is serious about what he said. You will have to1,023 words
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Article, Illustration503 1980-12-06 13 FANFARE Far The Camman Man by Aarea Ce plead ceald net have beea a mare apprapriate apeaer far James Last's eeneert. His maste is far the cemmea man. Te earn a geld disc, a masteian needs that little magic called "mass appeal". James Last has eneagh af that503 words
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Article, Illustration346 1980-12-06 13 LILLIAN CHEW - By LILLIAN CHEW THE FAMOUS and prestigious furniture names are there BAB Italia, Cassina of Italy, De Sede of Switzerland. But somehow, the new Diethelm showroom at the Singapore Shopping Centre doesn't ooze with that aura of class and luxury Perhaps it's because Diethelm has tried346 words
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Article, Illustration321 1980-12-06 13 RICHARD SEAH - RECORD RICHARD SEAH WRITING pop songs is not a big problem for Graham Gouldman. Perhaps, he had adopted a healthy attitude. "Pop music should not be taken too seriously. People tend to take it too much as an art. For me it isn't." Since321 words
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Article, Illustration1280 1980-12-06 14 MOTORING Hermes FIAT 131 Racing the name may seem a trifle too pretentious for a car, but after spending a weekend with the it, one comes away quite convinced that the car lives up to its name, pretentious or otherwise. All the necessary ingredients of a sporting pedigreeHermes - 1,280 words
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Article, Illustration1211 1980-12-06 14 RONALD KOW - By RONALD KOW WELCOME back, Kim Song! What better way is there to express one's feelings about the return of this football star to the national soccer team after two years that must seem like centuries? Well, if you cannot bring yourself to say this,1,211 words
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Article289 1980-12-06 14 TODAY GOLF: SICC. The four monthly medal stableford competitions scheduled for this afternoon will be held at the following venues 'A' medal at Bukit, 'B' at Island, 4 C medal at Sime and the 'D' at the New course. Sembawaag. The annual Gold Medal competition will be289 words
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Article375 1980-12-06 14 AT A COST «f $1,116, yaa will k able to play three raaads af chaUcagtog galf la different kinds af surraaadlags m m eaarae with a sea treat, ea aae amaag waaded kills aad ea •ae which Is tM oietree abave eea level. Bat aaly375 words
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Article, Illustration493 1980-12-06 14 PEEBLE - THE EXECUTIVE JOGGER By PEEBLE TOMORROW, several thousand Singapore runners will take to the streets as participants in the Jogging Association of Singapore (JAS) Marathon. Although there are several marathons run each year on the island, this is by far the largest and could493 words
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553 1980-12-06 14 CHARMAINE CHAN - don't worry if you can't complete 42.2 km By CHARMAINE CHAN ANYONE who has nothing important to do tomorrow should make an effort, for his health's sake if for anything else, to be one of the many thousands expected to turn up for the 3rd Singapore Marathon Jog. Come rain553 words
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336 1980-12-06 14 IN AN EFFORT to re-vitalise its activities, the canoeing section of the YMCA has revived its "Canoe Adventure" which is to be held every Friday from 10.30 am to spm. The destination for the less experienced canoeists is Coney Island, a popular spot, while the more336 words
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Page 13 Advertisements
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Advertisement101 1980-12-06 13 BUSINESS TIMES GIVES YOU THE EDGE THE racing champion on tha road Fiat's latest gam, tha 131 Sport. HERMES talla you why. THE 3rd Jogging Marathon whera thousands are expected to join in the fun where you can run, jog or juat simply walk. CHARMAINE CHAN elaboratee. THE EXECUTIVE jogger101 words
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Advertisement10 1980-12-06 13 BUSINESS TIMESI When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous554 1980-12-06 13 WHAT WHERE RECITAL A VIOLA RECITAL by Mary vanden Berg, accompanied by John Edwards on the piano and Chung Choon Soo on the violin. Today at Bpm at the International Baptist Church, 90 Kings Road. CHANGING OF GUARDS THE Changing of Guards Ceremony by the SAF Provost Unit will be554 words
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