The Business Times, 3 January 1981
1981-01-03
1
14
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The Business Times
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Title Section10 1981-01-03 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, JANUARY 3,1K1 60 CENTS10 words
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BRIEFLY...
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Article68 1981-01-03 1 UPI WARSAW, Fri. The Polish government unveiled a plan requiring workers to stay on the job every second Saturday but which is expected to encounter opposition from the independent labour movement. A decision will be made on the plan's approval after- the government holds talks with theUPI - 68 words
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Article88 1981-01-03 1 UPI MANILA, Fri. President Ferdinand Marcos appealed to a religious group to support his regime after the lifting of martial law later this month. "I am asking you all to help the government maintain peace when there is no longer martial law," Mr Marcos told some 50,000UPI - 88 words
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Article64 1981-01-03 1 Reuter TEHERAN, Fri. The latest US proposals for ending 14 months of captivity for 52 American hostages were handed to Iran today by three Algerian intermediaries. There was no indication of how long the Iranian authorities would take to consider a response. The three Algerian envoys spentReuter - 64 words
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Article81 1981-01-03 1 AP LONDON, Fri. The London Stock Exchange enjoyed a record turnover in 1980 of £199.1 billion, an 18 per cent increase over 1979, the London Financial Times reported. But the buoyant state was mostly due to the government bond market which accounted (or three-quarters of all business ratherAP - 81 words
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Article59 1981-01-03 1 Reuter BAGHDAD, Fri. Iraq reopened Baghdad airport to passenger flights after a three month closure, Iraqi Airways officials said. They said Iraqi planes will fly daily to Amman and there will be a Jordanian flight twice a week from Amman to Baghdad. The first flight from Baghdad leftReuter - 59 words
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Article75 1981-01-03 1 UPI AMMAN, Fri. Syrian army special forces have killed 200 alleged opponents of President Hafez Assad's regime in the central Syrian town of Aleppo, according to reports by the Jordanian and Iraqi news agencies. They said the 200 were gathered in a main square in Aleppo and gunnedUPI - 75 words
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Article78 1981-01-03 1 Reuter WARSAW, Fri. One in six Poles are living below the official poverty line, the communist party newspaper Try buna Ludu reported today. It said that many social groups in Poland have fallen below the level of minimum income ascertained by experts. The daily listed theReuter - 78 words
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Article141 1981-01-03 1 Rises Indices A P I P M Hldga Kings S T P 1975 Hons Leong lid O U DBS Ms (nam Corpn Bouatead Syn Reaina Falls 320 870 720 1040 400 070 635 1020 000 040 1 100 00 30 20 10 15 15 10 10 10141 words
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Article, Illustration155 1981-01-03 1 Rises Indices Gopeng Con 3300 100 Dec 31 Jan 2 Petaling (T) 1850 50 B.T.Index: *****.*****07.99 Kg Lanjut 780 40 Industrials: 834.37 833.41 Hong Leong Ind 496 36 Finance: 1254.75 1259.24 PM Hold 715 +35 Hotels: 408.13 408.23 IM Text 080 22 Properties: 729.31 730.57 Rahman Hyd 1520155 words
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Article677 1981-01-03 1 SALMA KHALIK - CONSUMER GOODS COMPETITIVE By SALMA KHALIK ONE OF America's largest departmental chains will be buying more from Singapore with the settingup of its representative office here. Until June last year, Kresge Kmart (pronounced kaymart), which has more than 2,000 outlets in the United States, Canada677 words
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Article261 1981-01-03 1 Reuter SINGAPORE welcomes a new united front led by former Kampuchean Prime Minister Son Sann to resist the Vietnamese occupation of Kampuchea. Deputy Prime Minister S •Rajaratnam said in Bangkok yesterday that Singapore would back any Kampuchean patriot who is prepared to take the leadership ofReuter - 261 words
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Article902 1981-01-03 1 RUTH CHENG - By RUTH CHENG THE Asian dollar market for floating rate certificates of deposit (FRCDs) expanded further last "year and chalked up a few firsts against a backdrop of dramatic US interest rate movements. And bankers are predicting a sharp increase in the volume of902 words
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Article257 1981-01-03 1 PETROCHEMICAL Corporation of Singapore is negotiating with a couple of oil refineries located near its Pulau Ayer Merbau complex to supply it with 2 per cent sulphur fuel oil. PCS requires this product to comply with the government's requirement. Any fuel oil with more than 2257 words
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290 1981-01-03 1 SPP Limited, a major pwfcMf rf paper Mi paper related predicts, to dlveralfytog lata the hotel Iwuhei wtth the acqatolttea dati per eeat stake to Lake GMT Hotel to Malacca. The durrhiUhg mi achieved tbraagb the acqatotttoa at the eatlre eqalty at290 words
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Article, Illustration282 1981-01-03 1 MARGARET THOMAS - By MARGARET THOMAS LAST year was good for the tourist industry. Latest statistics from the Singapore Tourist Promotion Board suggest that the total number of visitors last year could have topped the 2.5 million mark, a testimony to the success of the Board's282 words
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Page 1 Advertisements
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Advertisement133 1981-01-03 1 ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments taking place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided intoeix separate reports of abowt 8,000 words each. There is a dual index133 words
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Advertisement51 1981-01-03 1 leisure times ASIAN Batten expect fair growth this year 5 ANALYSIS *f merekaat talks' perftnouce LOCAL baak •pern iasaraace campaay la Haagkaag TOP 1M ©ampaaies la terms ef NO takers far Mae-eaUar Jsbs la CROSSWORD C. TV AND RADIO t, WHERE TO WINE AND DINE 8 ffILAEEINFORMATION It, COMPANY NEWS51 words
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Advertisement22 1981-01-03 1 Of Singapore (Buku Merah) J jr. (h.r, j'.--:,: nit I >/*4 v '< .a ill* I r c r'/^.c CAL It t ii >, >.•22 words
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TRADE AND INDUSTRY
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330 1981-01-03 2 WANG LOOK KEAH - By WANG LOOK KEAH AN ITALIAN company believes there is scope for its noiseless and vibration free method of building foundations in a crowded and highly built-up country such as Singapore. Under the method, called diaphragm walling, concrete walls are put into the330 words
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Article213 1981-01-03 2 J OSAWA and Company, one of the largest holding companies in Japan, has set up a subsidiary in Singapore to distribute some of the products manufactured by its subsidiaries in Japan. The Singapore subsidiary, known as J Osawa and Company (Singapore), will initially act as213 words
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Article, Illustration281 1981-01-03 2 AMERICAN Express is using microfilm technology to provide quicker access to information about its card members in Singapore and Malaysia. Twenty filing cabinets of information relating to card members is being transferred to four small rolls of microfilm. Quick access to the information is essential,281 words
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667 1981-01-03 2 ASEAN preferential trading arrangements have borne fruit. Trade within Asean under the arrangement rose 85.7 per cent from US$63 million in 1978 to $117 million in 1979. This was disclosed in a report on intra-Asean trade published in The Manufacturer, the quarterly magazine of the667 words
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Article, Illustration332 1981-01-03 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baipao (2100 after Hiryu 11, will haul to G46 Manoloeverett sails) 47 Bunga Setawar (0400 after Gushan) 45 Hiryu II (ro/ro) (0700 must starboard a/side) 47 Hoegh Clipper (1500 after Profesor Rylke) 38/39 Halle (2300 after Wah Fai sails) 33/34 Jenson II332 words
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Article209 1981-01-03 2 VOCATIONAL and Industrial Training Board graduates can now get a job more easily than they could five years ago, and the majority are able to get their first job within six months after graduation or release from national service. The findings of surveys conducted209 words
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Article207 1981-01-03 2 CANON Singapore, the regional office for Canon Inc in South-east Asia, has set up a marketing arm to sell Canon photographic equipment, copiers and calculators. The company, Canon Marketing Services, a joint-venture between Canon Singapore and Guthrie Berhad, began operations on Jan 1. Canon Marketing207 words
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Article87 1981-01-03 2 THE Asian Aerospace Exhibition and Conference to be held in September has received encouraging response since it was first announced in March. Supported by the Economic Development Board, the exhibition will be held at the Paya Lebar Airport from Sep 23 to 27. The conference, organised by Financial87 words
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Article45 1981-01-03 2 DR Aehamba Rachman, director for Indonesia's Investments Department of Agriculture, will speak on the role of agriculture and capital investment in Indonesia at the coming Indonesian Business Association of Singapore 18th business luncheon on Jan 19. It will be held at Hotel Royal.45 words
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Article349 1981-01-03 2 BANK of America has published a glossary of 400 widely-used banking terms in Mandarin, English and Pinyin. The twenty-four page booklet is intended for the bank's Chinese-speaking customers and their staff. "It is the bank's policy to simplify understanding of banking services so that customers can get more349 words
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Article, Illustration222 1981-01-03 2 ROGER Lwekamp has been appointed director of administration of Armco Pacific, the Singapore merchant bank subsidiary of Armco, a US-based multi-national company. Mr Losekamp began his 16-year career in Armco at company headquarters in Middletown, Ohio, where he became head of the financial planning group for the222 words
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Page 2 Advertisements
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Advertisement257 1981-01-03 2 TOURS I'id iiic 'VI ISSSS 5- V SttP« SUPREME USA Canada/All-America West Coast/ Mexico/Hawaii/ Hong Kong (Imperial Banquet) 16 Days *****0 (Inclusive of USA domestic flights) Departures: 5 7 February 1981 Vancouver Seattle Las Vegas Los Angeles Hollywood Disneyland O San Diego Tijuana O San Francisco Honolulu Hong Kong (Imperial257 words
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Advertisement302 1981-01-03 2 TIIE FIYA.YOAI. MARKET IX MALAYSIA HOTEL EQUATORIAL, KUALA LUMPUR. JANUARY 17. 1981 organised by the Tunku Abdul Rahman college SBS Ex-Students" Asmk iaiion in Association with School o( Business Studies. Koiej Tunku Abdul Rahman IKKIia FKOOMAMMS Opening U4r«u toy T.S. Detuk Mak Bon Earn Deputy Minister of Mrance. touscKi or302 words
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LABOUR AND TRAINING
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Article, Illustration1245 1981-01-03 3 WONG AI KWEI - Singapore's shipbuilding and repairing industry is facing a serious labour shortage. WONG Al KWEI examines the peculiar recruitment problems facing shipyards, and their latest attempt an apprenticeship scheme organised jointly with the VITB at solving this crisis. WONG AI KWEI ABOUT one-fifth of the production workers1,245 words
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Page 3 Advertisements
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Advertisement244 1981-01-03 3 CSB CENTRAL SUGARS BERHAD (Incorporated in Malaysia) ANNOUNCEMENT OF DIVIDEND The Directors have declared a second interim dividend of 10% less 40% Malaysian income tax for the financial period of 18 months ending 31st December 1980. In view of the extended financial period, the Directors have also declared a bonus244 words
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Advertisement162 1981-01-03 3 When you subscribe to Business Times directly you save 525. It's like getting 41 issues FREE. Subscribe to Business Times now and get 41 issues free Here's a great opportunity for you to join the I I increasing number of Business Times readers who subscribe directly to us. If you162 words
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RAW MATERIALS
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Article286 1981-01-03 4 THE SINGAPORE rubber market yesterday opened about unchanged and then ruled quiet before easing around mid-morning on some isolated offering of February, dealers said. Some covering interest at the lows helped to check further decline, they said. The morning session closed quietly lower with January One RSS buyers quoted286 words
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Article286 1981-01-03 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 280.00 281.00N Int. 1 R.S.S. January 283.50 284.00 Int. 1 R.S.S. February 289.50 290.00 Int. 2 R.S.S. 271.00 272.00N UK/Cont 270.00 271.00N Int. 3 R.S.S. M.00 269.00N UK/Cont ***** MOON Int.286 words
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Article95 1981-01-03 4 NOON SSI 1 tod SMR price* y**t erday BAa SSR20 SSR50 (1-ton pallet i (1-ton pallet) Juuiy (Cimd Mtk) Bay era Seller* 244.50 246.50N ***** 243.00N February (Forward Mtk) Bayer* Seller* 246.50 24&50N 243.00 245.00N MRELB SMRCV SMRL SMR5 SMRGP SMR 10 (1-ton pallet) (1-ton pallet) (1-ton95 words
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Article34 1981-01-03 4 Rubber; Jan 2 Singapore: January: 283.25 cents (down 4.00 cents) Malaysia: January: 298.50 cents (down 4.50 cent) Tin: M 532.26 per kilo) (up 27 cents) Official offering: 175 tonnes (down 101 tonnes)34 words
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Article69 1981-01-03 4 THE STRAITS tin price In Peaaag yesterday rase 27 eeate ta M532.2S a kilo bat was still within the International Tin Agreement's middle price range of $9MI to $32.74. London's Wednesday higher half-day trading, bnyiag support from Earope and locally and the small tarnover, contributed to rise, dealers69 words
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398 1981-01-03 4 THE Malayan Pineapple Industry Board is firm on its decision that the price of the fruit at 11.35 cents a kilo should remain so until the end of June this year. However, if the market turns better, the board is prepared to398 words
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Article117 1981-01-03 4 THE Trengganu Agriculture Department has so far spent $5.9 million for agricultural development in the state. This includes the development of 66,000 acres of padi land and the provision of facilities such as fertiliser aids and equipment to farmers. According to the 1900-81 Trengganu economic report, 1,168117 words
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806 1981-01-03 4 PRIMARY commodities, which accounted for more than 60 per cent of Malaysia's export revenues in 1980, showed a mixed outcome in respect of prices reflecting in the majority of cases the sluggishness of the world economy. Thanks to the diversity of its export806 words
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288 1981-01-03 4 Reuter. PENINSULAR Malaysian processed palm oil exports fell to 181,279 tonnes in September from 184,302 in August while crude palm oil exports dipped to 1,530 tonnes from 1,560, the Malaysian Statistics Department reported. But September processed exports were well above the 127,992 tonnes exportedReuter. - 288 words
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Article297 1981-01-03 4 COFFEE: Robusta futures closed a quiet morning session yesterday, £8 lower to about unchanged from the previous close. Turnover was 237 lots, including two options and around 150 lots of cross and switch trades. Dealers said values tended lower on lack of interest, reflecting both the New York297 words
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Article119 1981-01-03 4 THE Kuala Lumpur palm oil market closed higher yesterday on covering by refiners in moderate trading, dealers said. Southern region prices rose Ms2o to 1990 a tonne for January delivery. Central and northern region were traded at the same level. The refined market was dull on lack of119 words
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Article174 1981-01-03 4 CHINESE PrHaet Exchange, Stagapare, Huhg prices per 166 kg yesterday. CMWMrt ail: Bulk fob (140.00 sellers, old drum (In second hand drum) fob (152.00 sellers, new drum fob $160.00 sellers. Capra: Mixed (loose) $77.00 buyers. Pepper: Muntok white pepper fob Asta NLW $427.50 seUers, Sarawak white pepper faq174 words
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Article194 1981-01-03 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Csttaa yarn: China Blue Phoenix 20b 2,040; 32s 2,696, 40b 2,930 (per bale of 400 lbs). Piece geada: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article326 1981-01-03 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.12, 100 per cent second class 0.96, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.76, Special 0.73.326 words
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ASIAN STOCKS
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Article332 1981-01-03 4 THE market opened firm on quiet trading yesterday but soon came under selling pressure. The market turned dull at mid-morning and stayed that way until consistent buying on banker counters brought the market up across the board in late trading. The banking sector accounted for most of the rise332 words
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Article304 1981-01-03 4 ENERGY issues were featured as the share market started the New Year on a firm note yesterday. Turnover was light in the absence of institutional and overseas buying, dealers said. News that CSR has Joined the Mitsui Group in a study which could lead to the building of a304 words
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Article193 1981-01-03 4 JAN 02 BahLs A*ia Credit Amu Fibre 136 1 Ayutttaya In* And Trust Bangkok Inventment Bangkok Bank 294 unrh Bangkok Drying And Silo 272 *14 Bangkok Insurance Bangkok Metropolitan Ban Bangkok Nylon Bank Of Asia IIS 2 Bank Of Ayudnaya Ltd mm Bala Berli Jurker Carpel InterNational Charoong Thai193 words
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Article137 1981-01-03 4 THE Manila stock market was mixed in dull trading with turnover falling to 7.5 million pesos from 25.4 million in the previous session, dealers said. BF Goodrich and San Miguel B closed higher while Atlas Con B and PLDT weakened. JAN <E Pesos Acoje Mining .007 unch Atlas Con137 words
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Article49 1981-01-03 4 FINANCIAL TIMES INDUSTRIALS Thursday Closed Wednesday 474J Week Ago Closed DOW JONES AVERAGE INDUSTRIALS Thursday Closed Wednesday 063 96 Week Ago Closed H.K.HANG SENG Friday *****6 Thursday Closed Week Ago Closed AUSTRALIAN INDU8TRIAL8 Friday «#1.1 Thursday Closed Week Ago ALL ORDINARIE8 Friday 1017.14 Thursday 715.9 Week Ago49 words
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Page 4 Advertisements
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Advertisement154 1981-01-03 4 This is a completely revised edition of a dictionary which is unrivalled as a catalogue of English words as they are now used in print and speech. Included are new words of the last few years and hundreds of post-war words and senses. The entries range from the most colloquial154 words
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OVERSEAS
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682 1981-01-03 5 NYT THE CHAIRMAN of the US House of Representatives intelligence subcommittee has said that the odds favour a Soviet military invasion of Poland after the middle of this month. In a report based on his survey of information available on Soviet moves around Poland,NYT - 682 words
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Article470 1981-01-03 5 AP CHINA'S leading newspaper, the People's Daily, warned of economic dangers from deficits, inflation and possible popular discontent over unfulfilled promises, in a front-page New Year editorial. It asked the people for self-sacrifice and said the measures taken so far were still not effective. It addedAP - 470 words
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Article734 1981-01-03 5 ARRIVALS > Service Local Operator Number Time From PAA PA005 0030 JEK/SFO/HKG MAS MH601 0630 KUL FT FT71 0710 JFK/ORD/KUL SIA SQIOI 0815 KUL MAS MH605 0630 KUL MAS MH621 0835 PEN MAS MH671 0930 KUL SIA SQ211 1000 HLP CAL CI814 1000 HLP CPA CX710 1006734 words
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238 1981-01-03 5 THE CARTER Administration has sent word to Iran that it has until Jan 16 to accept the latest US proposals to free the 52 American hostages. The Washington Poet said yesterday that the message was included in the proposals given to Algerian238 words
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Article68 1981-01-03 5 Reuter PHILIPPINE exports in 1900 rose about 21.5 per cent to U555.59 billion over 1979, mainly because of an increase in non-traditional exports, the trade ministry said in Manila yesterday. It said the rise was much more than the 18 per cent set by the nationalReuter - 68 words
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420 1981-01-03 5 NYT THE coming visit of the Japanese prime minister is causing concern in Jakarta about the possibility of violent demonstrations. The fears arose following recent anti-Chinese rioting in Central Java. Ethnic Chinese residents in Indonesia have long been a target of Indonesian anger overNYT - 420 words
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154 1981-01-03 5 AFP CHINA has officially inaugurated its first notarial accountants' office in Shanghai, the New China News Agency reported. The office undertakes to provide advice and guidance to Chinese enterprises and Joint ventures between China and foreign countries by helping them analyse economic activities and reduceAFP - 154 words
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699 1981-01-03 5 Reuter DESPITE the problems troubling Western Europe and America, most Asian economies appear set to record (air growth in 1981 and no country is predicting an economic decline. But from the region's developing commodity producers to its industrial nations, all share the hamperingReuter - 699 words
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WORLD IN BRIEF
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Article405 1981-01-03 5 Agencies FREE trade zones are to be established in Sri Lanka to attract foreign investors for the development of agricultural projects. They will be invited to invest in fields such as the cultivation of fruits, soya bean, corn, sugar cane and spices. POBD mad Tiytte haveAgencies - 405 words
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Article258 1981-01-03 5 AFP THE PRESIDENTS of Mitsubishi Motors of Japan and Peugeot-Citroen of Prance will meet in Paris in April to discuss ways to jointly save the financially-troubled American car maker, Chrysler, from bankruptcy. They will also discuss a possible Mitsubishi-Peugeot business tie-up. It was reported inAFP - 258 words
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Page 5 Advertisements
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Advertisement239 1981-01-03 5 MACDONALD EDUCATIONAL present a new range of STARTERS: STARTERS FACTS are colourful new information books while STARTERS STORIES are exciting tales for young readers. Both FACTS and STORIES are graded into three three reading levels: Red, Blue and Green. Starters Facts encourage young readers to find things out for themselves.239 words
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Article447 1981-01-03 6 ASIAN DOLLAR floating rate certificates of deposit continue to be a popular investment instrument, judging by the growth of the market. The Monetary Authority of Singapore and merchant bankers should be given a pat on the back for their efforts in promoting the growth of447 words
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215 1981-01-03 6 THE SINGAPORE Tourist Promotion Board must be given high marks for managing to entice the estimated 2.5 million visitors to the Republic in 1980, a year which will not go down in history as one of strong economic growth. That the annual growth in the215 words
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Article, Illustration1568 1981-01-03 6 LEE YOKE MENG - Merchant banking in Singapore has grown tremendously over the last 10 years. Gross assets in the first-half of last year alone reached a huge $12.2 billion. But is it as profitable a business as it seems to be? LEE YOKE MENG reports. LEE YOKE MENG IT1,568 words
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Page 6 Advertisements
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Advertisement202 1981-01-03 6 kIII i 'J TO jESSSSfc Why idle away your life and languish in poorly paid jobs with no future when you can move ahead with the RIGHT QUALIFICATION? Enrol now with FEDERAL PUBLICATIONS HOME STUDIES DIVISION for any of the following courses and get just THAT QUALIFICATION! Institute of Administrative202 words
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Page 6 Miscellaneous
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Miscellaneous796 1981-01-03 6 > -11-OIE CKOSSWOBD CRYPTIC PUZZLE ACROSS 1 Express determination in a bad way (5) 6 The cost of soft cereal (5) 9 Beast showing zeal, possibly in the setting of a broken leg (7) 10 A small bay having no outlet? (5) 11 Ready for a learner to tear wildly796 words
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Miscellaneous649 1981-01-03 6 nnunn Life story of a Rolls-Royce ONE wonder* if SBC hna Its qaota of good movies or have all of them beea telecast daring the Christina* seasoa. Far there's aothlag much to recommend far tonight's viewing. A disjointed dim abaat If years ia the life of a RollsRoyce is the649 words
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Article, Illustration1574 1981-01-03 7 WILLIAM CHISLETT - Of these four watches, the two counterfeits are on the outside. A Cartier de Mexico tank watch sells for £120 and the genuine article for £1,216. By WILLIAM CHISLETT FT SHOPPERS in Mexico City's Calle Amberes in the fashionable Zona Rosa district canFT - 1,574 words
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Article, Illustration880 1981-01-03 7 The oldest and largest retail chain in Canada, Hudson's Bay Company, is embarking on acquisition and expansion. The company's president, Mr Donald McGiverin, said: 'We're looking over the hill. Economic conditions come and go and we want to build for the future.' WhatNYT - 880 words
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794 1981-01-03 7 FLORA LEWIS - [FORD Mi with FLORA LEWIS NYT CHINA has long evoked a sense of awe, of fascination in the West, as the place where everything seems to be different. There is a holdover from the childhood memory of being told that if you keepNYT - 794 words
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Page 7 Advertisements
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Advertisement431 1981-01-03 7 Businessmen, Are You Getting Your Skore of tke Billion Oil Industry? The South East Asia OH 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 coverage431 words
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INTERNATIONAL STOCKS
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Article771 1981-01-03 8 CHAIRMAN'S RESIGNATION AND LOSSES AT CANNON NYT WHEN the Cannon Mills Co. entered the recession of 1900, analysts say, it was probably in sounder condition than most other major members of the textile industry. Nonetheless, its good fortune did not last out the year. For 1979, CannonNYT - 771 words
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Article145 1981-01-03 8 VOLVO CAB BV director» will pripm to Ita hd prrvtw©ry katn the redacttaa Ita predaetlaa capacity to vehicles tram the carreat ItMM ear* a year. Aeeerdlag to a eampaay spekesmaa, the proposals ladade a 1.3 M rednrttoa la the carreat war klaree ef iJHt la the145 words
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Article354 1981-01-03 8 Reuter LOWER Volkswagenwerk AG earnings could in principle lead to a cut in dividend payments, particularly in the long term, a company spokesman said. But be added there is no prospect of a dramatic cut in the 1980 payment. The spokesman was commenting onReuter - 354 words
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Page 8 Advertisements
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Advertisement210 1981-01-03 8 Where to wine, dine and entertain Snacks for your island treks Igili Take your pick: Curry Puff Chicken Pie Gateau Cake Hoi Dog Hamburger Sandwiches Roast Beef h 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. Si Dolphin Snack Shop210 words
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Advertisement150 1981-01-03 8 toJAPANESE 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 j I < I'ni'k SIH'I'IIIOII I KFISH HEAD CURRY AT THE ISLANDER Rom oia Indian recipe, simmerea with autheni.c spices ana a 'ouch of150 words
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Advertisement97 1981-01-03 8 The Great Family Do-lt-Mxirself Barbecue. r •I v 1 •j-i J BEIJING (I AY POTS iA I<MI<HHI( (H*IKT al ilh" Merlin Plu/a. 33& 9 v W2 M Mi Enjoy the wide on of day Dots selection of day pott cooked in tradWonal Bei|ir>g style. Tempting clay pot dishes of chicken97 words
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Advertisement161 1981-01-03 8 Inn Of Happiness Now open at the Hilton Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. M«M HUON INTERNATIONAL SINGAPORE161 words
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Advertisement149 1981-01-03 8 See Page 4 for Asian stocks Dragon Palac* Restaurant Slmmm Seafood We're famous for our Restaurant Cantonese Cuisine. The Siamese Seafood Restaurant is as good as Bangkok! to* K vs. E Victoria Bar Relax in an atmosphere of elegant days gone by. The Coffee-House For informal meals and light-hearted snacks149 words
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BANKING AND FINANCE
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367 1981-01-03 9 THE ASIAVEST group of i Malaysia has established a 1 deposit-taking company in Hongkong known as Asiav- i est Limited. < The Hongkong company commenced operations in 1 November last year al- though it was registered in May. i In its initial stage, Asiav-367 words
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Article170 1981-01-03 9 BONDS LOANS Reuter BARCLAYS Bank Internals tional has extended HKJ2BO million in credit facilities to Owensbord Enterprises, a 2 company 96 per cent owned by the Hongkong government, a bank spokesman in the British colony said. The credit consists of a I $250 million short-term rolltrover facility and a $30Reuter - 170 words
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278 1981-01-03 9 Reuter PAKISTAN took ft step towards Islamic Interest-free baakiag with the opeaiag sf speciftl coonters for interest-free accounts ftt ftll the brsaehes s( the eoaatry's five stoto-nu commercial h—hs m New Year's Day. The sew system, which is called Profit and Loss Shariag Scheme,Reuter - 278 words
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Article, Illustration771 1981-01-03 9 ALVIN TAY - ICB'S PLANS FOR 1981 By ALVIN TAY THE INDUSTRIAL and Commercial Bank (ICB) has unveiled its plans for the new year it intends to setting up an insurance company in Hongkong and will officially introduce 24hour banking at six branches. These announcements were made771 words
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MONEY AND EXCHANGE$
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Article448 1981-01-03 9 THE FOREIGN exchange market was extremetly quiet yesterday as the US 1 dollar moved insignificant- ly against major curren--1 cies. ~Z From an opening of I 2.0920/40 against the Singa- pore dollar, the US unit dipped to as low as 2.0695/ 05 before recovering somewhat to 2.0900/10 when448 words
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Article49 1981-01-03 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 5 to 9: Offered: $60,000,000 AppUed for: $107,000,000. Allotted: $60,000,000. Accepted Mds: $96.% approximately 96 per cent and higher bids in full. Average rate discount m allotment: 6.805 per cent per annum.49 words
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Article22 1981-01-03 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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Article182 1981-01-03 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Jan 2: US Dollar** Spot) Offer Bid 7 days 20H 20% 1 month 209/10 20 7/16 2 months 191/16 1815/16 3 months 181/16 1715/16 6 months 17 1/16 16 11/16 9 months 155/16 15 3/16 12 months 153/16 151/16182 words
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Article48 1981-01-03 9 RANGE of price* offered by discount houses on Jaa 2: Overnight: 7V«* Call deposits: V+H to 7V«% Closisg Bayiaf Selliif 3-month Treasury bills 6H SV« 3-month Bank bills 14 W 14 3 months CD 13 5/16 13 3/16 6 months CD 12 12v. Source: National Discount Co48 words
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Article45 1981-01-03 9 FRANKFURT exchanges opening quotes on Jan 2: US 1.9580/9630 (1.9680/ 9630) Stg 4.684/703 (4.685/700) Can 1.6521/57 D FI 91.80/92.20 S Fr —110 .56 111.16 Ut 2.103/9 F Fr 43.06/25 N Kr 37 83 96 B Fr (coo) 6.204/241 B Fr (fin) 6.196/206 Yen 0.9660/970045 words
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Article332 1981-01-03 9 SINGAPORE gold futures yesterday closed easier compared with Wednesday's close here following weaker overseas gold prices, dealers said. Trading was generally quiet with total sales for the day recorded at 64 lots while volume for kerbs was at nine lots, they said. February closed lower at US$592/593 an ounce332 words
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Article277 1981-01-03 9 THE DOLLAR yesterday opened steadily, with wide spreads the main feature of a market which remains dull and thin after the New Year's Day holiday. It was little changed against most European currencies, but was off the highs it reached on Wednesday in New York due to tight Fed277 words
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Article45 1981-01-03 9 BANKNOTE rates yesterday US 5 .10 /5 .12 UK 1105 US Burma 1.20 150 India-8.00,4 JO Indonesia 0 75/0.85 Japan 1.505 1515 Korea 0.70/0 JO Philippines O.flO.e Singapore —242 1.44 Malaysia 2 30 232 Brunei 2.30 /2.41 Thailand 25.00 m JO Taiwan 1150 13.7045 words
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328 1981-01-03 9 DEVELOPING Asian economies are likely to record declining growth rates this year to an average of 5.7 per cent as against 9 per cent last year. The slow recovery in the US, along with slumps in other major industrial economies, is a328 words
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151 1981-01-03 9 Reuter BANK Leumi le Israel plans to raise authorised capital to 2.5 billion shekels from one billion followed by a one-for-one capitalisation issue of 15 billion new 0.1 shares, a statement said. A change in dividend policy is also intended for 1961Reuter - 151 words
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Page 9 Advertisements
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Advertisement202 1981-01-03 9 AN INVALUABLE GUIDE to the banking, finance and insurance community V A? CONTENTS £»*•< sf< vc r±z nfm SSSss S #i£ w U. «Sfe *fcfe j#jlf <. 2*421 <* M *3 <#•&***•» PNC iW|j» -<£ •4 M** 7/ "i yc > *V" ■a vit* ■>- ;V a^H N -t «v202 words
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1444 1981-01-03 10 BID and afler prion officially Haled aad birtnf in aad reported to the Stock Exchange at Sbgapore yesterday with die number at shares traded sbown in brackets in lota at 1,000 units, unleas otherwise specified. SECTION ON* INDUSTRIAL COMMERCIAL A cats (1806)1,444 words
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Article177 1981-01-03 10 ■NGiNI II UNIT IM) BT ownomiau iriMlvta lMiaa|m" prteaa tm Janl) The Commerce > IS 140 Unkxi Spore Fund 1.2t 1.31 The Savings Fi and l.M 104 DKOOM1 E BON! UNIT S pore Prof Fi md 1.41 1.47 (On hWM Bood Ml prt L» 1.44 S pore Sec.177 words
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Article2699 1981-01-03 10 1M0/1M1 High Low Coapuy Last Sale Gr*s Dir +or- Gr's Net Dir YTd P/E Vol Day Crr (*000) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 372 300 140 180 323* 129 332 745 408 810 245 220 110 138 208* 08 275 246* 187 286 Acma Alcom2,699 words
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Article1640 1981-01-03 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUHmULS (1.008) aim (184S) (3) US (6) 164 Ikl Ml (1.558) A1,640 words
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Article93 1981-01-03 10 SEA View BaM LWM: EOGM -to be held at Sea View Hotel, Amber Close, Singapore 1543 on Jan 10, 1961 at 12 noon. VENNEE Pfifcii I hnitiil: EOGM to be held at Suite 2716, 27th Floor, International Plaza, Anton Road, Singapore 0207 on Jan 10 at 10.30 am.93 words
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Article, Illustration644 1981-01-03 10 TRADING ktttßM year at tke Btagapere atoek aiarket kegaa aa a wklaaper wttk redaeed aad ihgglrii tafefi pmMh| a fifl» te WedaeaWlik lew exeeptleaa, ik&rf prteea Mtt Marked largely aarkaaged er a akade keer/Hgtar as laaMtatteaal uppert seemed Preflt-teklag aad a iHgkt aelllag pveaaare ladaned644 words
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Article589 1981-01-03 10 LOWER-LINER stocks led the way in the first trading day of the new year as the Kuala Lumpur stock market drifted irregularly to close mixed. While trading was predominantly in the industrial lower-rung stocks, some interest was also seen in selected tin and property counters.589 words
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COMPANY NEWS
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1753 1981-01-03 11 Largest 100 companies in order of consolidated assets at financial year-end Company Rank Yr coded 1 1 Gmp Paid-op Paid-op Reserves Dividend Last contra pre-tax capital capital at at Fin. Year accounts profit at Dec SI Fin. Year end Year end1,753 words
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Article77 1981-01-03 11 CHEMICAL Campaay of Malaysia Berhad: Nineteenth AGM to be held on the Ground Floor of Bangunan MIDF, 195A, Jalan Peketiling, Kuala Lumpur on Jan 21,1961 at 11.30am. HOTEL Royal limited: EOGM to be held at Hotel Royal, Regal Lounge, 15th Floor, 36 Newton Road, Singapore 1130 on Jan77 words
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Article460 1981-01-03 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Allied Choc 4%TE Jan 19 Jan 24 Jan 30 4%TE 3%TE Berjuntai 40% I Jan 5 Jan 15 Jan 30 40% 95% Bouatead 10% I Dec 8 Dec 18 Jan 15 10%460 words
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Article263 1981-01-03 11 Company Particulara Ez Date Books Close Alcorn Proposed rights Issue of 2 for 1 fe $1.70 per share NYA NYA A P I Proposed rights Issue of 1 for 1 9 $1.00 per share NYA NYA C AC Proposed bonus Issue of 1 for 3 NYA NYA H263 words
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1172 1981-01-03 11 GROSS assets of publiclylisted companies in Singapore and Malaysia have more than kept pace with the rates of inflation in the two countries during the last 12 months. Business Times 1960 listing of the top 100 companies quoted on the Stock1,172 words
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Article124 1981-01-03 11 UNITED Plantations has declared an interim dividend of 5 per cent on Jan 2 for the year ended Dec 31, 1980 payable of Jan 31. UNITED Eagiaeera has purchased Vickers Australia's holding in Uniteers Vickers (UV). UV is now a wholly- owned subsidiary of UE and its name124 words
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Article420 1981-01-03 11 Date Last Fall Year Company Period Announced Net EPS Grass Pre-tax last year (eeato) Div. Profit <%) Pahang Cons F 16/11 1.3 23 1,634 Duff Dev F 7/12 12.7 5.0 3,270 Batu Kawan F 11/12 11.8 15.0 23,012 A Hitam Plant I 27/12 26.1 20.0 1,125 YHS F420 words
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445 1981-01-03 12 EVEN though high wages' are being offered, few of the young in Malaysia want blue collar jobs. A random check yesterday showed that the hardest hit industries were the electrical, engineering and construction industries, where employers find it difficult to get workers even though445 words
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Article149 1981-01-03 12 THE general elections Returning Officer yesterday confirmed the incident of the stranded Presiding Officer and his ballot-box. Replying to comments by Workers' Party's secretary general, Mr J B Jeyaretnam, he said: "Investigation revealed that the Senior Presiding Officer of the gampong Jagoh Primary School polling station149 words
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504 1981-01-03 12 Reuter THE slump in world commodity markets at the end of last year is likely to continue this year, holding most prices down and squeezing the finances of Third World producer countries, analysts believe. Political tension, recession and uncertainty about crops will again cause theReuter - 504 words
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Article216 1981-01-03 12 AFP A CABINET meeting planned for tomorrow could deal the fatal blow to Israeli Prime Minister Menachem Begin's fragile ruling coalition. Finance minister Yigael Hurwitz has threatened to resign during the meeting if the government fails to endorse his refusal to grant teachers' requests forAFP - 216 words
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164 1981-01-03 12 AFP THE MASSIVE purge of communist supporters in the Indonesian foreign ministry in 1965 has caused a decline in specialists. The ministry's secretary general Zainul Arifin said: "We really feel that we are short of these specialists, particularly now, when they are needed." HeAFP - 164 words
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Article78 1981-01-03 12 SHARE prices opened steady on the London Stock Exchange yesterday following the New Year holiday, dealers said. Leading industrials were generally unchanged though Boots fell a penny to 239 p. Gold Mining shares tended easier after the decline n the bullion price. In oils, Tricentrol was 2p easier78 words
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271 1981-01-03 12 AFP PETRONAS will soon announce the outcome of its review on oil prices, chairman and chief executive Tan Sri Abdullah Salleh said yesterday. He said petronas would make a decision after watching closely the actions of the other petroleum producing countries onAFP - 271 words
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Article190 1981-01-03 12 UPI A BRITISH executive of Shell Eastern Petroleum was given an 18-month Jail sentence (or' accepting bribes in connection with the construction of a hydro-cracker plant on Pulau Bukom. The court also ordered William Stewart Wilkinson, 54, to pay the amount of the bribes asUPI - 190 words
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171 1981-01-03 12 Reuter A PUBLIC opinion poll published in New Delhi yesterday showed that the popularity of Prime Minister Indira Gandhi has dropped after one year in office. The poll, conducted by the Indian Market Research Bureau, said her popularity had dropped from 57 per centReuter - 171 words
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Page 12 Advertisements
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Advertisement91 1981-01-03 12 Mandate lessee ts/\andaD n \essX6 Radio U-20 t Mandarin by Radio Lessons 21 "30 G vw" V it®^ otf Learnto Speak Mandarin Quickly whhrins easy-to-follow learning package SBC's "Mandarin by Radio" lessons recorded on sound cassette tapes together with companion texts in comprehensive books provide simple lessons for all who91 words
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Page 12 Miscellaneous
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Miscellaneous64 1981-01-03 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in a few areas around midday. Report tor 24 hoars prior to 7.39 p.m. on Januuy 2 at the airport. Maximum temperature 29.5 Associated humidity 75 Minimum temperature 23.1 Associated humidity 97 Hours of sunshine 1.10 Rainfall in millimetres64 words
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LEISURE TIMES
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Article, Illustration1389 1981-01-03 13 HERMES confesses to being a bit of a sentimentalist. He wishes to share with us his weekend reminiscences those memorable times spent driving around in a Ferrari, the Fiat X-19, the Bluebird, the Alfa Sud, the Subaru the list is inexhaustible. At thewith Hermes - 1,389 words
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Article, Illustration717 1981-01-03 14 CHARMAINE CHAN - By CHARMAINE CHAN AS SQUASH is recuperating from a rather hectic 1980, the Singapore Squash Rackets Association (SSRA) is in gear for the 1981 year with some plans already in motion. To attract a better crop of players for the 12th Anchor Singapore Open Squash Championships, expected to717 words
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Article223 1981-01-03 14 TODAY: GOLF: Keppel. All participants in monthly medals who've won something in 1980 will have a chance to compete in the Gold Medal strokeplay competition. The match will be held this morning. SICC. The monthly medals will be held this afternoon at the following locations 'A' at223 words
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Article411 1981-01-03 14 RED SMITH - By RED SMITH Ring out the old; ring in the new. The year of 1980 is through. But there are games to be played and races run. In the year of 1981. So rally 'round with goblets high. Chanting Prosit; Skaal; and mud in your eye. For411 words
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Article324 1981-01-03 14 RICHARD SEAH - By RICHARD SEAH THERE is a magazine for secretaries called the Secretary's Digest. But some bosses began reading it. And then some bosses bought annual subscriptions. So come 1981 and the Secretary's Digest will no longer be. In its place will be a bigger magazine for bosses,324 words
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Article211 1981-01-03 14 mm* IF THE reeeatly-eea-clnded Asian Group 4 PreWorld Cap matches telecast ever SBC have whet ysar appetite fer soccer, yea most he glad to haew that the drat IKI Malayda Cap match between Slagapere aad Perils kicks off next Saturday at 7pm at the National Stodlam.211 words
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Article, Illustration539 1981-01-03 14 f THE EXECUTIVE JOGGER f By PEEBLE NEARLY all runners plan their training sessions around distance runs. It is a generally accepted belief among runners that to develop the proper stamina and conditioning required to run a race of long distance, they should regularly train at long distances.By PEEBLE - 539 words
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Article, Illustration1059 1981-01-03 14 KEITH DICKSON - The names Ivan Lendl and Hana Mandlikova deserve as much attention as those of Bjorn Borg, John McEnroe, Chris Lloyd and Evonne Goolagong. KEITH DICKSON, in his tennis review of the year 1980, tells you why. KEITH DICKSON FEW THINGS elude Bjorn Borg,1,059 words
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Page 13 Advertisements
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Advertisement108 1981-01-03 13 [BUSINESS TIMESI When we say business we mean just that THE YEAR just paat was a busy ona for Singapore's aquaah playars. CHARMAINE CHAN finds out what plans are afoot in tha Now Yaar what tournamsnts will be, or hava boon, planned? what ovareaas trips hava bsan proposed? TICKETS for108 words
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Advertisement6 1981-01-03 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Page 13 Miscellaneous
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Miscellaneous339 1981-01-03 13 WHAT WHERE CULTURAL DANCE THE Yunnan Song and Dance Troupe continues to entertain at the National Theatre till Jan 6. Show-time is at Bpm. Tickets at $30, $20, $15, $10 and $3 available at the National Theatre. EXHIBITIONS STARTING off the monthly Art in Action in 1981 is Chang Meng339 words
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