The Business Times, 21 February 1981

Microfilm: NL10904
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, FEBRUARY 21,1181 60 CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Qantas acts
      82 1 Reuter THE Australian national carrier, Qantas, said yesterday it was making arrangements to fly home about 600 of its passengers stranded in Singapore for the past two days following a strike by the airline's ground staff in Sydney. A Qantas spokesman said that the airline had planned to
      Reuter  -  82 words
    • Article
      Lock icon Pertamina target
      67 1 AP JAKARTA, Fri. The state-owned oil company Pertamina said Indonesia will be self-sufficient in fuel oils by 1983 with the development of a new refinery in Dumai, central Sumatra and «the expansion of four other refineries. A spokesman said domestic consumption of fuel oil for the 1961-1982 period
      AP  -  67 words
    • Article
      Lock icon Discount rate
      55 1 AFP TOKYO, Fri. Japanese Prime Minister Zenko Suzuki said Japan's official discount rate, now at 7.25 per cent per annum, should be lowered in line with US rates. The Bank of Japan cut its official discount rate by one percentage point to 7.25 per cent per annum on
      AFP  -  55 words
    • Article
      Lock icon LPG sale
      80 1 Reuter TOKYO, Fri. Japanese companies have signed two separate contracts to import a total of 1.52 million tonnes of liquefied petroleum gas a year from Abu Dhabi over five years starting next July. The amount is equivalent to some 15 per cent of Japan's total LPG imports last
      Reuter  -  80 words
    • Article
      Lock icon Hunger strike ends
      61 1 UPI MANILA, Fri. Thirty-six political detainees ended their four-day hunger strike today after demanding that all remaining political detainees in the Philippines be released. It was not known whether authorities would grant the demands that include the immeidate transfer of 32 political detainees now in the national
      UPI  -  61 words
    • Article
      Lock icon Export of skeletons
      73 1 Reuter NEW DELHI, Fri. India should export more children's skeletons, a Member of Parliament said. Nihal Singh told the Lower House skeletons of children aged between eight and 10 fetched high prices abroad. India's annual exports of human skeletons, prepared from unclaimed dead bodies, were worth 8.5
      Reuter  -  73 words
    • Article
      Mine sweepers
      56 1 KUALA LUMPUR, Fri. The Malaysian navy has ordered four Italian mine sweepers for delivery in late 1983 to replace its mine sweepers. Disclosing this today, Chief of Navy Staff Admiral Datuk Mohamad Zain Saleh said the navy would send 21 officers and men to Italy to see to
      56 words
  • Chief Price Changes
    • Article
      SINGAPORE
      127 1 Rises Indices ■M U 1 8 Leong Credit 2100 720 220 100 B.T.Indicator: Feb 19 Feb 20 *****.*****72.68 Miag Court Ka Y an Sang 080 100 Industrials: 773.64 770.02 400 90 Finance: 1493.55 1490.32 Peril* Plant 030 75 Hotels: 1204.09 1235.29 OUE Apollo Klag* 1040 458 1980 700 70
      127 words
    • Article, Illustration
      KUALA LUMPUR
      122 1 Rises Indices MUInd 2250 +230 B.T.Index: Feb 19 Feb 20 KTPau 560 130 *****5.30 *****5.43 Hong Leong Credit 770 110 Industrials: 978.98 977.30 Rahman Hyd 1700 100 Finance: 1502.21 1487.47 Perils Pit 960 75 Hotels: 520.28 522.04 Magnum 1060 +40 Properties: 893.26 889.86 U Cables 705 +35 Tins:
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  • Article
    Goodwood, MUI in $290m deal
    763 1  -  TAKEOVER OF TWO HOTELS By MANO SABNANI TWO DYNAMIC entrepreneurs, Mr Khoo Teck Puat of the Goodwood group, and Mr Khoo Kay Peng of Malayan United Industries (MUI) are on the verge of a $290 million deal which could have far-reaching effects on both groups,
    763 words
  • Article
    KL may acquire H and C land
    238 1 THE Malaysian Government is considering taking over about 32 hectares of what valuers caE "prime residential land" adjoining the exclusive Kenny Hill area for a government office project. The land, which is owned by Harrison and Crosfields (M) Ltd (H and C) is
    238 words
  • Article
    Musicians unhappy with their union
    467 1  -  By RICHARD SEAH LOCAL musicians in night clubs and lounges have struck a discordant note with the Musicians' Union of Singapore. They feel the union is not doing enough to look after their interests. The union will.be holding its annual general meeting at the Conference
    467 words
  • Article
    Investment commitments
    290 1 NEW investment commitments in Singapore's manufacturing sector last year rose by 53 per cent to $1,447 million over the 1979 level. The amount excludes the investment of 1800 million in the huge petrochemical complex, but includes an investment of $200 million in the petroleum industry. The latest Singapore
    290 words
  • Article
    Thai ruling on timber imports will hurt exporters
    276 1  -  FOO CHOY PENG TIMBER exporters will find it harder to sell ungraded sawn timber to Thailand following a sew rating by the Thai Government. Under the ruling, Thai Importers may no longer freely import aagraded Sawn timber from Stogapore and other eeuntriee.
    276 words
  • Article
    University to apply for 1,000 HUDC units
    464 1  -  By FONG MEW LENG THE National University of Singapore (NUS) plans to apply for up to 1,000 Housing and Urban Development Company flats for its new staff. It is believed the plan is being discussed with the HUDC. If approved, the units will
    464 words
  • Page 1 Advertisements
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  • REGIONAL
    • Article
      Lock icon Developing nations face slowdown
      535 2 AFP DEVELOPING countries in Asia and the Pacific face economic slowdown in 1981, a United Nations survey released in Bangkok yesterday said. The survey, by the Bangkok-based UN Economic and Social Commission for Asia and the Pacific (Escap), said the over-all slowdown had begun in *****0,
      AFP  -  535 words
    • Article, Illustration
      Lock icon PRIZE FOR KOREAN POET
      66 2 Sooth Karma dissident poet Kim Chi-Ht (left), (reed Crem prison last December, receiving n cash prise (rem Dutch Ambassador to Korea Reland Van den Berg (right) en Thnrsday at the office of Roman Cathode Bishop Daniel T| (centre) in Wenjn. Kim won the prise in n
      AP photo.  -  66 words
    • Article
      Lock icon Fraser's men expected to win three elections
      327 2 AFP THE Australian Fraser government is expected to win all three by-elections in three states over the weekend. The by-election in the northern state of Queensland, in the electorate of McPherson, is the chief focus of interest because of the bitterness shown during
      AFP  -  327 words
    • Article
      Lock icon Tokyo business community welcomes Reagan's move
      396 2 AP JAPAN'S business community welcomed US President Reagan's pledge on Thursday to trim federal spending and put the clamps on inflation to revitalise the private sector of American industry. Commenting on Mr Reagan's speech before a joint session of Congress, the Keidanren (Federation of
      AP  -  396 words
    • Article
      Lock icon Italy may extend KL US$100m loan
      167 2 Reuter ITALY is to look into the possibility of extending Malaysia US$lOO million in loans for financing projects of mutual interest. This was announced in Kuala Lumpur yesterday at the end of a four-day visit by Italy's Deputy Foreign Trade Minister, Baldassaro Armato. Malaysia
      Reuter  -  167 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      765 2 ARRIVALS Service Local Operator Number Tine From GIA GA850 1030 HLP MAS MH672 1060 BKI SIA SQ105 1130 KUL PAL PR501 1115 MNL SIA SQ240 1125 MES MAS MH607 1130 KUL RBA BI423 1200 BWN GIA GA982 1200 HLP KLM KL837 1225 AMS FRA BKK SIA SQ61
      765 words
    • Article
      Kedah Cement to be ready by 1984
      437 2 CONSTRUCTION of Malaysia's second largest cement plant, the Ms43o million Kedah Cement Sdn Berhad, will begin on Langkawai island in June, Mentri Besar of Kedah and the chairman of the Kedah State Economic Development Corporation said. The plant, expected to be completed by
      437 words
    • THE REGION IN BRIEF
      • Article
        Lock icon HITACHI CONTRACT
        412 2 Agencies HITACHI, Japan's largest electric and electronics company, has concluded a contract with North Korea for exports of 150,000 units of black and white television sets, Nihon Keizai, the leading economic daily reported. Hitachi has already begun shipping the sets under the contract signed last year. The TV
        Agencies  -  412 words
    • Article
      Lock icon Malaysia invites Brazil to join tin agreement
      280 2 Reuter MALAYSIA, one of the world's leading producers of rubber and tin, has invited Brazil to join the International Tin Agreement and wants to increase technical cooperation in the production of rubber. A Malaysian mission in Brasilia, led by Malaysian Primary Industries Minister
      Reuter  -  280 words
    • Article, Illustration
      SHIPS IN PORT
      449 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Tanjong (after Blue Matsuyama, will shift to Gdn3l/34 for UTM/Lon 22nd tbc) 45 Golden Wealth (0900 after Tat Lee) 28 Hrvatska (after Sea Express) 33/34 Kai Hua (0630 hauls 25m east) 35/36 Marie Bakke (1000 after Strathmay shifts) 6/7 Mendoza (1200
      449 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      219 2 NOTICES FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS ALEXANDRIA, ALGIERS AND PORT SAID Reference is made to the notice in the Press on Friday, 12th December. 1980. The member Lines of the above Conferences have
      219 words
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  • OVERSEAS
    • Article
      Lock icon Opposition to Canadian reforms challenged
      309 3 Reuter OPPONENTS in Britain of Canada's proposed constitutional reforms are accused in an official document prepared by the Ottawa government of mistaken assumptions and of ignoring important precedents. Official sources said on Thursday that the document challenges in detail a British parliamentary committee's recommendation to
      Reuter  -  309 words
    • Article
      Lock icon EEC move to press for lower US rates
      133 3 Reuter EUROPEAN Common Market finance ministers have agreed to seek from Washington concerted action to bring down US interest rates, the Belgian Prime Minister's main economic adviser said. Jacques Van Ypersele, one of the main architects of the European Monetary System (EMS),
      Reuter  -  133 words
    • WORLD IN BRIEF
      • Article
        Lock icon AMERICA NO MORE TOPS
        527 3 Agencies THE UNITED States has been displaced by Japan as the world's Number One motorcar manufacturer and steel producer. It is also now second to West Germany as the world's biggest exporter of manufactured goods, Fortune magazine says. The fortnightly US business magazine comments that the
        Agencies  -  527 words
    • Article, Illustration
      Lock icon Sign of change in British policy?
      568 3 Reuter THE RETREAT of Prime Minister Margaret Thatcher, the Iron Lady of British politics, before the nation's militant miners on Thursday appeared to be the clearest signal yet that the UK government had changed its economic course in the face of mounting recession. In
      Reuter; AP photo  -  568 words
    • Article
      Lock icon Iran ready for talks to end war with Iraq
      344 3 UPI AFTER almost five months of war, thousands of casualties and billions of dollars in destruction, Iran has hinted it may be ready to accept mediation efforts to end the conflict with Iraq. The suggestion that the regime of Ayatollah Khomeiny
      UPI  -  344 words
    • Article
      Lock icon Poland imposes meat rationing
      329 3 UPI BUOYED by the prospects of internal peace for the first time in six months, the Polish government yesterday turned its attention to the economy and announced a belt-tightening programme that calls for strict meat rationing. Not since the early 1950s has the government imposed a
      UPI  -  329 words
    • Article
      Lock icon US won't join proposed energy lending agency
      267 3 NYT, Reuter THE US will Mt participate in a proposed new energy lending agency aimed at increasing nil production in developing countries. The project, supported by major oil exporting conntries, sack as Saudi Arabia, and most industrial countries, was proposed last year by
      NYT,; Reuter  -  267 words
    • Article
      Lock icon Reagan's tax-cut plan may not be passed
      602 3 NYT SENATE majority leader Howard Baker has said that the centrepiece of President Reagan's economic package the three-year, 30-per-cent tax cut already faces opposition and may not get through Congress this year. "I think there is good support for a major tax adjustment.
      NYT  -  602 words
    • Article
      Lock icon Scepticism to incredulity
      463 3 NYT, UPI EVEN some economists who support most of President Reagan's economic package are raising questions about the adminstration's claims for dramatic results, including cutting inflation in half by 1984 and boosting real economic growth for five straight years. Enthusiastic supply-side economists, believing the proposed actions could
      NYT,; UPI  -  463 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      49 3 ■•C 3, ASIATEX '81 International Exhibition of Machinery and Materials for the Textile and Fabrics Trade 26-30 APRIL 1981 World Trade Centre, Singapore TEXTILES: A TRULY GLOBAL INDUSTRY CZH 1 For further details, contact: INTERFAMA PTE. LTD. No 834. World Trade Centre 1 Maritime Square. Singapore 0409 Tel *****12
      49 words
    • Advertisement
      Page 3 Advertisements Column 2
      200 3 ■>? i <£> 'J L Ford Econovan m* i jrr s: Ford Courier m v- jU L. A Imported direct from Japan. A/ow there are vehicles that can make more money for you. Ford trucks and vans have a longestablished and enviable reputation for rugged reliability. They are built for
      200 words
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  • RAW MATERIALS
    • Article
      Rubber loses six cents
      244 4 THE downward trend was resumed this week as levels slipped back some six cents in desultory trading and light turnover, says Holiday, Cutler, Bath mad Campaay in its latest review of the Singapore and Malaysian rubber markets. Fresh news and features continued lacking gyrating exchange rates
      244 words
    • Article
      SOYBEAN
      202 4 SOYBEAN futures in Chicago on Thursday closed just off day's highs, up 10 Vi to 15 cents per bushel in an 11 to 13 cent range. After opening higher on slow country movement and a weaker US dollar, soybeans trended higher on computer oriented commission house buying, traders said.
      202 words
    • Article
      WHEAT
      226 4 WHEAT futures in Chicago on Thursday closed at or near day's highs in new crop, up 13/4l 3 /4 to 13 cents per bushel. Continued concern about crop conditions in the hard wheat belt, with some fields coming out of dormancy too early, held new crop relatively firm, traders
      226 words
    • Article
      Straits Tin
      69 4 THE STRAITS tin price In Penang yesterday remained unchanged at M 531.75 a kilo, stiii within the International Tin Agreement's middle range of $3MI to $32.74, dealers said. Further small baying demand from Japan and locally, coupled with continued low offerings of metal helped prices to maintain this
      69 words
    • Article
      CLOSING PRICES
      32 4 Rubber: Feb 20 Singapore: March: 274.00 cents (up 1.25 cents) Malaysia: March: 298.50 cents (up 1.00 cent) Tin: M 530.75 per kilo (unchanged) Official offering: 143 tonnes (down 15 tonnes)
      32 words
    • Article
      Lock icon Brazil not accepting crop export permit
      116 4 Reuter BRAZIL is still not accepting registrations for soybean meal and oil exports from the new crop starting in March, sources from the foreign trade department of the Banco do Brasil, Cacex, said. Cacex is awaiting a document from the crushing industry syndicates setting
      Reuter  -  116 words
    • Article
      RUBBER
      325 4 THE Singapore market yesterday closed slightly higher with March One RSS buyers quoted at 274.00 cents a kilo, up 2.25 cents from Thursday's close, dealers said. Morning prices were marked up about 0.75 cent on covering interest/and speculative buying. Afternoon prices gained some ground on some weekend covering but
      325 words
    • Article
      RAS PRICES
      326 4 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 271.00 272 OON Int. 1 R.S.S. March 273 00 273.50 Int. 1 R.S.S. April 276.75 277.25 Int. 2 R.S.S. 255.50 256 50N UK Cont 254 50 255 50N Int. 3 R.S.S.
      326 words
    • Article
      SSR and SMR
      119 4 NOON SSR and SMR prices ys»1 Mdar RAS SSR 20 SSR SO NUIB (1-ton pallet) (1-ton pallet) March (Carnal Mtk) Buyers Sellers 241 SO 242S0N ***** *****N i April (forward Mtk) Buyers Sellers 243.50 24S SON 240 00 242. OON SMR CV SMR L SMR 5 SMR
      119 words
    • Article
      Produce exchange
      182 4 CHINESE Pndace Exchange, Singapore, notn closing prices per IN kg yesterday. Cseaast «11: Bulk rob sellers, old drum (in second hand drum) fob $139.00 sellers, new drum fob $145.00 sellers. Capra: Mixed (loose) $79 00 buyers. Pepper: Muntok white pepper fob As La NLW (425.00 sellers, Sarawak white
      182 words
    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20s 2,230; 32s 2,785, 40s 2,990 (per bale of 400 lbs). Piece giii»: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      193 words
    • Article
      RICE
      332 4 SINGAPORE: Yesterday's closing prices in SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.26, 100 per cent second class 1.01, 100 per cent third class 1.00, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
      332 words
    • Article
      LONDON MARKETS
      938 4 COFFEE: Robusta futures yesterday closed the morning quiet at the lower levels and with losses from Thursday of £5 to £7 a tonne. Turnover was 508 lots including three options. Some dealers believe the easier tendency anticipated a lower New York opening against the posting overnight there of
      938 words
    • Article
      PALM OIL
      111 4 IN THE Kuala Lumpur market yesterday, values continued steady on nearby covering in quiet trading, dealers said. In the north, February and March rose Mss to $1,030 and $1,025 a tonne respectively. The refined market continued quiet with light scattered interest. C.I.F. North European ports, in US dollars
      111 words
    • Article
      Lock icon Malaysian palm-oil mission to West Asia
      200 4 Reuter THE Malaysian government has sent a 23 man palm oil trade mission to West Asia, primary industries minister, Paul Leong, said. He said the mission, which left last week and returns on Mar 3, is part of a continuing effort to find new
      Reuter  -  200 words
    • Article
      Lock icon PAKISTAN SEEKS SOY-OIL
      49 4 Reuter VEGETABLE oil traders said Pakistan was recently in the market for 10,000 to 15,000 tonnes of crude soybean oil for Mar 15 Apr 10 shipment. Pakistan is also seeking 5.000 tonnes of refined bleached deoderised and or neutralised palm-oil for April shipments traders added. Renter
      Reuter  -  49 words
  • ASIAN STOCKS
    • Article
      Shares close mixed
      517 4 TOKYO SHARE prices yesterday closed mixed as speculatives continued to fall sharply while blue chips gained on buying by foreign investors, dealers said. Ando Construction lost 50 to 495 and Ishii Iron was asked at 721 against 771 asked at Thursday's close, but TDK Electronics gained 180
      517 words
    • Article
      Hongkong
      339 4 THE market yesterday opened quiet and firm. The index began to drift down on low volume as the session progressed. By mid-morn-ing, selling pressure had become heavy and the market dropped sharply. A rally at 11.30 kept the index from breaking through 1500, but when this were out, the
      339 words
    • Article
      Sydney
      323 4 PRICES yesterday closed mostly firmer as investors cautiously bought selected mining and industrial stocks in the absence of substantial overseas support, dealers said. The Australian all ordinaries index gained 3.2 points to 655.1, its third successive rise, while the all industrials index added 2.4 to a year high of
      323 words
    • Article
      Bangkok
      261 4 STOCKS yesterday closed lower in sluggish trading on lack of new incentives, dealers said. First Trust fell two baht to 70, while Vidhayakhom, Mah Boonkrong Drying and Silo and Jalaprathan Cement dropped one each to 71.50, 185 and 115 baht respectively. KVB 2D Bahts A.\ia Credit Asia Kibre 145
      261 words
    • Article
      Manila
      140 4 THE market yesterday closed lower, but turnover rose slightly to 2.6 million from Thursday's 2.2 million, dealers said. Oriental B, Phil Overseas, Picop B, Vulcan were among the losers and the rest were either unchanged or untraded. KKB 20 Pesos Acoje Mining 006 -0 0002 Atlas Con A Alias
      140 words
    • Article
      Selected indices
      51 4 FINANCIAL TIMES INDUSTRIALS Thursday 494.2 Wednesday 489.3 Week Ago 490.0 DOW JONES AVERAGE INDUSTRIALS Thursday 933.36 Wednesday 947.10 Week Ago 939.30 H.K.HANG SENG Friday 1502.06 Thursday 1547.42 Week Ago 1573.67 AUSTRALIAN INDUSTRIALS Friday 678.8 Thursday 676.4 Week Ago 671.8 ALL ORDINARIES Friday 655.2 Thursday 651.9 Week Ago 853
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      336 4 i 1 s f l 3 m V >> \i>K o W JJl'momhhm All Till 71®' jftiiv f A THE DREAM MAKERS Set in the ruthless, unconventional world of the film business, their story spans continents in a whirlwind of action, violence and desire. For the talented few, success will
      336 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      COLD BEER OR WARM FOOD?
      138 5 SPACE-AGE technology has been used to produce this small and efficient portable miniature refrigerator and food warmer. It can work indoors on house currents or outdoors on batteries of motor vehicles boats. Weighing 4.5 kilo, its 10-litre capacity can accommodate 17 cans of beer or
      138 words
    • Article
      Criteria for awarding the JIS mark
      250 5 THE Japanese Industrial Standards mark will be awarded to a local company if it can ensure standardisation and quality control in production and if it has a good educational programme for all its employees. The JIS mark is a widely recognised mark of quality
      250 words
    • Article
      All ready at Times Printers
      80 5 TIMES Printers, a whollyowned subsidiary of Times Publishing, is all ready to use the new generation Roland 804-5 sheetfed offset colour press. The press, costing ?2.8 million, is due to arrive next month. Training of employ- ees, conducted in West Germany and Holland, was completed
      80 words
    • Article
      MEMO PAD
      441 5 SEMINARS AND COURSES Feb 23-25: Improving Managers' Effectiveness, Hilton Hotel, Consulasia Feb 23-27: Jica Metal Working Research Project, Regional Language Centre, Technonet Asia Feb 23-28: Seminar on Effective Management of a Work Force The Japanese Experience, Century Park Sheraton, The S'pore National Employers Federation/ SANNO Institute of Business
      441 words
    • Article
      TRADE TALK
      186 5 FROM April 1 this year, traders of certain goods will have to sell in metric units, use instruments calibrated in metric units and price their goods by prescribed metric quantities. This is when the Weights and Measures (Sales of Goods in Metric Units) Order 1981 comes into force.
      186 words
    • Article
      Consumer price index up 0.3pc in January
      325 5 FOOD prices remained stable last month and this helped to slow down inflation for that month. The cost of living, as measured by the consumer price index, rose 0.3 per cent over December last year. The increase was largely the result of higher
      325 words
    • Article
      Cummins shelves plan for plant
      462 5  -  By RONNIE LIM A MAJOR United States manufacturer of diesel engines has temporarily shelved plans to build an engine manufacturing facility in Singapore. However, the company, Cummins Engine, will go ahead with plans to establish a regional technical centre in Jurong. Earlier, there had been
      462 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      160 5 I Subscribe to Business Times now and get 41 issues free Subscribe to Business Times directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly to us. If you subscribe now, you
      160 words
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  • Article
    Education scene full of hope
    505 6 EDUCATION is only as good as the educators. A good teacher can help improve the performance of a poor student, but there is little hope for the poor student who has to suffer the incompetence of the bad teacher. Similarly, an educational system is only
    505 words
  • Article
    Musicians must be united first
    228 6 NIGHT-CLUB singers and bandsmen are by nature a mote lively bunch than teachers. And given the discordant note that brings them to the meeting at the Conference Hall tomorrow, the session will be more entertaining than the meeting of teachers at the same place today.
    228 words
  • Article, Illustration
    Lock icon Moscow's trade in perfume and cosmetic
    638 6  -  By VERONIKA MINTHORN AP APPLY a tiny drop of Russian perfume and your head can swim. The sweet, penetrating odour survives even a morningafter shower. Brands such as "My Secret," "Only You," and "Triumph" come in fancy flacons, but there is no way to
    AP  -  638 words
  • Article, Illustration
    Lock icon Hard times for Swiss chocolate
    800 6  -  Soaring cocoa and sugar prices, keen competition and stagnating markets have all taken their toll on Swiss luxury chocolate. By ELIZABETH BAILEY NYT "WHAT we sell is the Swiss image in chocolate," said Jean-Bernard Bosset, marketing director for Tobler, the company known for its triangular-shaped
    NYT  -  800 words
  • Article
    Lock icon ELUSIVE ARMS DEALS
    606 6  -  FORUMi By DREW MIDDLETON NYT FOR NEARLY a decade the United States and some of its principal North Atlantic Treaty Organisation (Nato) allies have sought to sell arms to China. Recently they have been joined by Japan. Success in the form of large, long-term contracts has proved
    NYT  -  606 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      679 6 CRYPTIC PUZZLE ACROSS 4 Colourful contribution to price rises (6) 7 Is unrefined, but worth a lot (5, 3) 8 Prince on watch? (6) 10 To be entertaining, one has to think (5) 13 The asinine cry of a bigbeaded boy (4) 14 Beyond turning taps (4) 15 I leave
      679 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      815 6 f«RWGTOII Grisly circus thriller THE Satarday Night Mavie "Berserk!", which starts at llil, Is tkwt a sadistic lady dreas twier whs revels la the pabilclty hraaght ahaat by a series af murders. Acting la this grisly thriller are Jaaa Crawtart, Ty Bardie, Jady Geessa, Diana Dars and Michael Gaagh. The
      815 words
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  • Article, Illustration
    Travelling executive's office
    1154 7 HOTEL INDUSTRY, What good is any travelling executive without his 'Girl Friday' or secretary. Few companies can afford to have secretaries accompany their heads on trips. RAY ANG discusses the hotel business centre and the services it offers to the travelling businessman... WE VERY seldom hear anyone
    1,154 words
  • Article, Illustration
    Lock icon New York City hotels undergo renaissance
    715 7  -  By DEAN LOKKEN Reuter NEW YORK City, long accustomed to offering luxury to those who can afford it, is undergoing a renaissance in its hotel industry, especially for the wellheeled tourist. Six new hotels were recently opened or are about ready for business, adding
    Reuter  -  715 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      169 7 Happiness is reading a good b00k... A©m Federal Publications invite you I b to the Happiness room,'' k /\/J Merlin Hotel for K i B a Z-==V 4 i. I DATE/TIME: 18.2.81 (2.30 pm-6.00 pm) By Invitation Only 19.2.8 V 20.2.811 (11.00 am—B.oo pm) Open to Public 21.2.81 P All
      169 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        207 8 FEB 19 its ABN ,...287 00 1 Ahold 72 00 -0.5 Akzo 1840 0.5 AMfcV 94 00 -0.5 A in (as 119 70 -0.8 Aturobnk 56 00 1 Bergoss 23 20 -2 Berk 45 20 0.3 Bols 36 40 unch Borsumlj 232 00 unch Burhmann 58.50 -0.5 Byrnkorf 38
        207 words
      • Article
        Paris
        269 8 FEB 19 Frs CORBEILLE Air-Liquide 494 9 B S N Gervais Danone 1030 4 18 C8F i ThomsonCsl> 357 -05 Cie Franeaise des Petroles 223 4.2 t'otnpagme Kinanclere Compagme Generate 392 unch Credit Koncier De France 397 -22 Hachette (Llbrame) 378 8 Machines Bull 55.50 unch Michelin (B) 547
        269 words
      • Article
        Frankfurt
        232 8 t'EB 19 Dm Aeg-Telefunken 62 00 3 Ak«> 1680 *07 All* Leben *****0 Alii Vers 457 00 3 BASK ***** 13 Bay H T Wbank ***** unch Bay Vbank ***** 6 Bayrr 113 SO 05 M' 247 20 BMW 158 50 1 V Cassella ***** Chem Verw 230 00
        232 words
      • Article
        Brussels
        93 8 FEB 19 Hr» FORWARD MARKET Acer 285 2 Arbed 1182 •18 Aslur 389 -11 Bra.scan 940 -20 Bru-Lamb 938 -22 Canpac 1248 -10 Cock 189 5 I* B**rs 306 -10 Ebes 1720 -40 Elecirobel 3400 40 Gb-Inno-Bm 1970 10 Gev 1346 -44 Hobok 2610 -30 Pelro 5000 10 Ryl
        93 words
      • Article
        Zurich
        181 8 FEB 19 Franc* Actions Suisse* 289 -2 Alusuisse Br 1075 -25 Alusuisse Keg 416 8 Brown Boveri Br 1330 -5 Oba Geigy Br 1050 -10 Clba Geigy P C 785 -5 Clba Geigy Reg 563 •2 Credit Suisse Br 2620 -10 Credit Suisse Reg 460 1 Klektrowatt Br 2500
        181 words
      • Article
        Milan
        101 8 KEB 19 Ure 1 Anir 10 1.1 Assoc Gen *****0 •1110 Bastogi 741 4 Ontrak ***** -900 Ful 2350 201 Kinsider ao unch Gen Immob 2400 -39 IP1 Pri 8210 300 lUlcrmenli 3800P -1590 IUI(as lUlMdrr 2T7 —II Macneli M PI «au -4 Marelli Ere 364 50 -55 Med
        101 words
    • Article
      TORONTO
      201 8 1KB 19 Ci Abitibi as unch Airan 38' 4 Alumna 41 •'j Bank Monl 30 i Bank Nova Scotia 11 Brll Tel U Beth Corp BP Can Ltd «r -1». Brasran unch Camp Rrd Lake 61 I'. Can Imp Bk a Canpar «r. Canpar Inv Pf i» .i, Carling
      201 words
    • Article
      JOHANNESBURG
      300 8 FEB 19 Rand INDUSTRIALS A Alpha 375 ♦10 Abercom 325 AE And CI 780 5 AMR 2175B Barlows 990 <-'i Sugar 1750 -50 CNA Curne Finance 205 5 l> Beers Ind 2600 Edcon 550 unch Edgars ***** Kvtrradv -JU0 Fed Volk 460 unch Fufit 220 (iardun Gienanl Oratemn 920
      300 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      183 8 Where to wine,dine and entertain Snacksfor your island treks J" A* -1* •8 1. «F^" "Warn'; <*<■ Take your pick: Curry Puff Chicken Pic Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef 4 Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday k Public Holidays B.od a.m.
      183 words
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      Page 8 Advertisements Column 2
      132 8 f*JAPANESE RESTAURANT For sushi. For teppanyaki. for ofher authentically Japanese delights. (dailC I' 2 nnon ,•> jt rn 6 ,'i()p.rn 10 ,S'()p /or resi'ri'citions call 737 )677 j i. <iitiir\ I 'jirk s -»lh inn >i i "-miia;ii| mh-<• FISH HEAD CURRYAT THE ISLANDER :i r aa r r t
      132 words
    • Advertisement
      Page 8 Advertisements Column 3
      101 8 See Page 4 for Asian stocks and Page 9 for NYSE prices The Great Family Do-ItAtxirself Barbecue. f c > J *v. A- u O-i k m bW <•* A Merlin CHB Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before
      101 words
    • Advertisement
      Page 8 Advertisements Column 4
      107 8 Inn Of Happiness Nowopen at the Hilton -A. l /V At >• f r.4 *V I? sfl Dine in the grand tradition of emperors. W IUTC SLLLH|)tUOIIS meals are prepared bv masters in Peking < nisine. And served with traditional 01 iental hospitality.. OD iiff PINE COURT KING'S DEN presents
      107 words
    • Advertisement
      Page 8 Advertisements Column 5
      127 8 lira i U. i Dragon Palace Restaurant SiwntM Seefeod We re famous for our Raetaurant Cantoneee Cuisine The Siamese Seafood Rastaurant is as good as Bangkok! vn 5f Victoria Bit Tht CoHm*Houm Relax in an atmosphere of For Informal maaJs and elegant days gone by. light-hearted snacks. a Pnrhpjil Hctri
      127 words
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  • BANKING AND FINANCE
    • Article
      Impact of devalued peso
      135 9 ARGENTINA'S gold and foreign currency reserves have crashed by over US$l billion to around $5.5 billion since the surprise devaluation of the peso at the start of the month, Economic Ministry sources said. Argentines, worried about the economy and possible future devaluations, have rushed to buy
      135 words
    • Article
      Bond issue
      60 9 "FURUKAWA Electric will issue a £15 million 15-year convertible bond on the European capital market 1 through an underwriting "syndicate led by Kleinwort I Benson Ltd. A contract is expected to -J>e signed on Feb 27 with 2-payment on March 16. Pricking terms are yet to be tjßxed.
      60 words
    • Article
      Lock icon Apartheid stand prompts sale of Citibank stake
      464 9 AP INVESTMENTS in Citibank one of the largest US banks totalling nearly US$5O million have been sold by Harvard University because of its stand against the South African racial policy of apartheid. Harvard sold $5 million worth of certificates of deposit and nearly
      AP  -  464 words
    • Article
      WEAKER FRENCH FRANC
      347 9 M-HE FRENCH franc, depressed by the euphoria over the rather positive economic condition, is likely to further against the dollar I-«nd other currencies .in the EuroIpean Monetary System (EMS). -I According to the Manufacturers Trust's (MHT) latest curl<«ency review, the upcoming French elections has thus far had
      347 words
    • Article
      World Bank
      31 9 THE World Bank is to borrow US$97 million in Japanese yen on the international capital market. The new issue will raise the bank's total yen loans to $6,900 million.
      31 words
    • Article
      Lock icon India to seek less external aid
      299 9 Reuter ABOUT 10 per cent of public sector investments totalling 975 trillion rupees under India's sixth five-year plan (1980-85) will be financed through commercial borrowings abroad and other external resources, according to official estimates. Planning Commission officials said this compares with 12 per cent
      Reuter  -  299 words
    • Article
      Lock icon Fears of continued high interest rates
      538 9 NYT EUROPEAN bankers and economic officials view President Reagan's economic programme with scepticism, fearing it will keep interest rates high in both the United States and the rest of the industrial world, and perhaps even choke off hopes for a modest economic upswing later
      NYT  -  538 words
    • Article
      INCREASED ASSETS
      141 9 THE GRO6B assets of the Shpyw based Asian dollar market grew by 18J1C.2 Mllloa last year, the highest uaul Increase since the market's inception In IXB. Daring the Mrtk sf December alone, total assets rsse by rilghthr ever Si Hlßsa to USSM.4 UIUm, according to latest Msaetory Authority
      141 words
    • Article
      Lock icon Japanese hopes
      193 9 Reuter. THE JAPANESE Federation of Bankers' Association has asked the Finance Ministry to put gold bullion in a list of incidental business in which banks can engage. It said this can be done under a bill to amend the 1927 banking law which is currently being drawn up
      Reuter.  -  193 words
    • Article
      Channel Islands gold fund
      426 9 THE BRITANNIA Gold Fund was launched this week by Jersey-based Britannia International Investment Management Ltd, a member of the Britannia group of investment companies. The first Channel Islands gold fund is designed for both individual and corporate investors. Britannia Gold Fund, which aims for capital growth,
      426 words
    • Article
      Vance joins MHT board
      120 9 "CYRUS VANCE, former US Secretary of State, has been elected a director of Manufacturers Hanover Corpora- tkm (MHC) and its principal 'subsidiary, Manufacturers -Hanover Trust (MHT). MHT, which is America's -lourth largest bank, has Ibranches in Hongkong and •throughout Asia. Mr Vance, who served the 4JS
      120 words
    • Article
      Full repayment order
      306 9 BUNDESBANK president KarJ Otto Poehl said after Thursday's meeting of the Central Bank Council that commercial banks must repay in full their outstanding 6.5 billion marks in Lombard debt. The decisions were not influenced by the Reagan economic programme. Poehl will go to the US next week
      306 words
    • Article
      GREATER ASSETS IN OCT
      131 9 TOTAL assets ud 11a bill ties of rommfrclftl buki In Malaysia rose 2.71 per cest to MW.N billion In October from 31.12 billion In September and 53.89 per cent from $23.12 billion In October 117$, Bank Negara said. Total deposits held by banks rone to 122.72
      131 words
    • Article
      No surprises for investors
      1369 9 NEW YORK STOCK MARKET NEW YORK stock market on Thursday dropped sharpin moderate trading despite a generally positive reception Wall Street to President Reagan's fiscal policy message. Analysts said that investors liked what Reagan had to say but the major points were leaked in advance and
      1,369 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        511 9 UNCERTAIN responses to a package announced by the German central bank to defend the mark and an increase in bank rates by the Swiss National Bank induced high demand for Continental currencies yesterday. The US dollar as a result weakened aganst major currencies. Against the mark, it opened
        511 words
      • Article
        TOKYO
        143 9 THE dollar for overnight delivery yesterday closed at 205.70 yen, compared with a 205.30 opening, a 205 50 70 close in New York. 205.00 25 on the West Coast and 205.80 here on Thursday, dealers said. Trading was moderate, with volume US$BB4 million. Just before the close, the dollar
        143 words
      • Article
        PLR
        22 9 THE average rate mi which major Singapore banks are currently prepared to lend to their best customers is 14.5 per cent.
        22 words
      • Article
        ASIAN $
        188 9 ASIAN ASIAN currency deposit Interbank rates as at close on Feb 20. US Dolian(Spot) Offer Bid 7 days 16't 16 1 month 1611/10 169/16 2 months 17*. 17'. 3 months 16"• 16". S months 16 16'. 9 months 161/16 1815/16 12 months 18 13/*****1/16 Sw-Frs. Dai (Middle Price*) 1 month
        188 words
      • Article
        Discount
        49 9 RANGE of prices offered by discount houses on Feb 20: Overnight: T* Call deposits: 6 .<* to 7 1 Closing Baying Selling 3- month Treasury bills 6 6 3-month Bank bills 13"! 13'» 3 months CD 12 9/16 12 7/16 6 months CD 12'• 12 Source: National Discount Co
        49 words
      • Article
        London
        68 9 Opening quotes yesterday US 2 3060 75 Can 2.7564 7604 Cross 1 1968 72 D Mk 4.8575 650 D F1 5.3075 250 S Fr 4.3700 850 B Fr (con) 78 44 62 F FY 11.3075 400 Lit 2323 75 2329.25 Yen 473.68 475 00 D Kr 14 9700 15
        68 words
      • Article
        GOLD
        242 9 SINGAPORE gold futures yesterday closed generally firmer on some local and European buying partly due to weaker US dollar, dealers said. Trading however, was light with total sales for the day recorded at 117 lots while volume for kerbs was at 78 lots mainly in April and June contracts,
        242 words
      • Article
        Silver quotes
        46 9 New York Thus 13 20B Wei 12 75B 13 SOS 13 05S Zurich 13 00B 12.65B 13 40S 13 05S Singapore W 13 20B Than 12 80B 13 606 13 2QS Closing prices in US dollars a troy ounce. m Source: Credit Suisse, S'pore.
        46 words
      • Article
        HONGKONG
        130 9 THE US dollar yesterday traded around Thursday night's New York close after a day of nervous, thin business, dealers said. The dollar traded at a late 2.1000/50 marks against an early 2.1040 80 and New York's 2.1075/1100, after a high of 2.1145 and a low of 2.0955. The dollar
        130 words
      • Article
        Treasury bill tender
        68 9 RESULTS of tender held yesterday for 91-day bills (to be issued from Feb 23 to Feb 27) and 182day bills (to be issued on Feb 23): 91-day bilta 182-day Mis Offer**: $130,000,000 $20,000,000 Applied for: S316.500.000 $72,500,000 Allotted: $130,000,000 $20,000,000 Ui. R0 $96.30 $96 54 approximately 36'
        68 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2228 10 BID and offer prices officially Urted and business in and reported to the Stock Exchange at Singapore yesterday with the number of shares traded riiown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Acma (2
    2,228 words
  • Article
    Unit trusts
    179 10 SINGAPORE I'NTT TBI ST Ol B-MONTAGl (Maaagen' price* The Commerce far Feb 3.71 3.90 (Maaagen' price* far Feb 21 A a) Union Spore Fund 1.47 152 The Savings Fund S pore Prog Fund 2.13 1.57 2.24 165 INCOME BOND 1'NIT S pore Sec Fund 2.33 2 45 ((.arrest
    179 words
  • Article
    SHARE INFORMATION SERVICE
    2783 10 Gr'» Gr'i Net 1980/1981 Last Div Div YHd P/E Vol Day Hi(k Low Company Sale or- Cvr COOO) Higk Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 330c ri unch 15.0 2.8 4.5 13.0 2 330 330 300 220 Alcorn 300 12.0 2.5 4.0 17.0 184 116
    2,783 words
  • Article
    In Kuala Lumpur
    2347 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. IMHSTRIAI> AJcwn (3.048) AMD (2 08S) (5) 2.11 (2) 2.09 (I) 2
    2,347 words
  • COMPANY BRIEFS
    • Article
      CITY Developments
      48 10 told the Stock Exchange that it expects to maintain its pre-tax profit for the current year ending Oct 31 at last year's level. This should enable it to pay a dividend of 20 per cent less tax on the enlarged capital after the proposed rights issue.
      48 words
    • Article
      THE KLSE has asked the Wilkinson Process Rubber Co
      36 10 whether it expects any change in profitability for the year ending Sep 30 and also in the amount of dividend to be paid on the enlarged capital.
      36 words
  • Article, Illustration
    Mixed close as market recovers
    610 10 SINGAPORE caught a dose of the Hongkong fin yesterday when the depressing performance of colony's stock market palled the local hoarse down along with It. The local market, however, recovered to close on a mixed note. The pace of trading was hectic, and the trend
    610 words
  • Article
    Prices lower on KL market
    649 10 FURTHER profit-taking and some weak selling depressed market sentiment and drove prices lower on the Kuala Lumpur Stock Exchange yesterday. Against the day's easier trend, however, a few industrial and finance stocks continued to draw firm support to close the day significantly ahead. Cases in
    649 words
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  • COMPANY NEWS
    • Article
      SPTI finishes with record earnings
      411 11 A SOUTH Pacific Textile Industries (SPTI) has met its forecast by romping home with a se( of very pleasant results for the year ended Sep 30, 1980. Group pre-tax profit rose 23 per cent to a record $5.12 million on only a 3 per cent
      411 words
    • LATEST RESULTS
      • Article
        EAST Asiatic Company (M) Bhd
        76 11 has announced group 1980 profit after tax of M 516.92 million ($20.90 million previously) on a turnover of 1289.9 million ($239.6 million). Parent company profit after tax amounted to $15.21 million ($17.73 million) on a turnover of $268.6 million ($208.9 million). A final dividend of
        76 words
      • Article
        UAC Bhd
        35 11 reported a pre-tax profit of $10.3 million for the interim period ended Dec 31, 1980 against $6.3 million previously. The better results were due to buoyant sales and an increase in pipe production.
        35 words
      • Article
        OVERSEAS Union Securities'
        18 11 unaudited consolidated net tangible asset backing per $1.00 share was $2.06 at Jan 31, 1981.
        18 words
    • Article
      COMPANY BRIEFS
      173 11 GENTING BM in its reply to the KLSE said its sale of shares in Harrisons and Crosfield was based on a price mutually agreed upon between Permodalan National Bhd and itself as a fair and reasonable one. The proceeds from the sale will be placed on deposit and
      173 words
    • Article
      Guthrie considered good for long-term
      872 11  -  London stockbrokers Grieveson, Grant and Co recently completed a detailed analysis of the Malaysian plantation industry and assessed the prospects of seven plantation groups with interests largely in Malaysia. Guthrie Corp, a group in which Permodalan Nasional Bhd has a significant stake, is strongly recommended.
      872 words
    • Article
      Consplant suffers from lower prices
      329 11 CONSOLIDATED Plantations, the biggest plantation subsidairy in the Sime Darby stable, suffered a 26 per cent fall in pre-tax profit to $44.4 million for the first half-year ended Dec 31 despite higher outputs of palm products and cocoa. The profit setback, which had earlier been
      329 words
    • Article
      DIVIDENDS ANNOUNCED
      294 11 Carreat Ex Backs Date Tatel far Tatal far Paymeat Date Claae Payable the year Prevlaas year Ayer Maiek 30%(f) Jan 30 Feb 15 Feb 26 30%<f) 25%(g) Beatt City Dev 5.8%I Mar 17 Mar 27 Apr 27 5.8% 25% 20% NY A NYA NYA 20% 8.1(a) 18% Cmh
      294 words
    • Article
      SCRIP ISSUES
      353 11 Campaay Particulars Ex Date Bnki Ctese Acm* Proposed rights issue of 1 for 4 (a, 12.80 per share NYA NYA Alewn Proposed rights issue of 2 for 1 API fe 11.70 per share NYA NYA Proposed rights issue of 1 fori C*C $1.00 per share NY A NYA
      353 words
    • Article
      Tractors hit by fall in log sector
      356 11 TRACTORS Malaysia Holdings Bhd has declared a one-for-eight right issue at $5.00 each along with its announcement of a fairly good set of interim results that further strengthen its position as a sturdy earnings growth unit within the Sime Darby fold. The rights
      356 words
    • Article
      Property loan of HK$1.5b from 5 banks
      473 11 FIVE banks will assemble a massive HKJI.S billion real estate loan for a group of property developers in Hongkong. The banks include Canadian Imperial Bank of Com- merce, acting together with Canadian Eastern Finance (jointly owned by Canadian Imperial and Cheung Kong), Citicorp
      473 words
    • Article
      Lock icon Great potential in Sri Lanka mill
      668 11 flam mm*** by HOCK LOCK SIEW SHAREHOLDERS of Prima Flour Mills must have been a disappointed lot last week when the group announced its annual results. Not only was its performance flat but the long-awaited bonus issue, so strongly rumoured in the stock market,
      by HOCK LOCK SIEW  -  668 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      141 11 START AT THE TOP Is the worker solely to blame for job-hopping? The editorial in the February issue of Singapore Business thinks not and points out management faults which contribute to this state of affairs. Other hardhitting articles include: Cameras: Behind the Gloss Retailing: Less in Store Tankers: In Troubled
      141 words
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  • Article
    URA land for 5,000 private housing units
    499 12  -  By AGNES WEE THROUGH the Urban Redevelopment Authority, the Government will release land for building 5,000 units of private residential units this year. Minister for National Development Teh Cheang Wan said yesterday that when this is added to the 8,000 to 10,000 units
    499 words
  • Article
    How the PUB gets to make huge surpluses
    459 12 THE Public Utilities Board (PUB) records huge surpluses each year not at the expense of consumers but through increased productivity and efficiency. Mr Goh Chok Tong, the minister in charge of the PUB, said this in Parliament yesterday in reply to queries
    459 words
  • Article
    Cockpit taken to task on retirement clause
    224 12 RETRENCHED workers of the Cockpit Hotel took the new management of the hotel to task yesterday on its failure to comply with the retirement benefits clause of the collective agreement. Under the clause of the 1978 collective agreement, the hotel is to pay
    224 words
  • Article
    Who's who
    37 12 MR K C TAN is the managing director of Tropical Produce while Mr E J Tan is the chairman of Amcol Electrical Industries and not the other way round as reported in yesterday's Business Times.
    37 words
  • Article
    Case for a liberal aviation policy
    533 12  -  By FOO CHOY PENG AN aviation policy embracing de-regulation is essential to the growth of the tourist industry. Airlines and the tourist industry in Asia and the Pacific will have to adopt this policy if they are to continue enjoying growth rates above the
    533 words
  • Article
    Air accord with Ireland
    157 12 AN air services agreement was signed yesterday between Singapore and Ireland incorporating a comprehensive exchange of traffic rights and liberal provisions concerning routing, frequency and aircraft type. Under the agreement, Singapore Airlines may operate from Singapore via any number of intermediate points in Asia, West Asia,
    157 words
  • Article
    Chiyoda clinches deal to revamp Mobil processor
    241 12 MOBIL Oil Singapore has awarded a $40 million contract to Chiyoda Chemical Engineering and Construction Company to revamp its existing crude processing unit Number One. The revamping will increase the processing capacity of the unit and also lead to considerable energy savings, Mobil
    241 words
  • Article
    Lock icon Indonesia setting up mutual fund
    167 12 Reuter INDONESIANS will soon be able to buy shares on Jakarta's evolving stock exchange through a staterun mutual fund, government officials said. The national investment company PT Danareksa will introduce the mutual fund scheme in April, this will give pribumis (indigenous Indonesians) the opportunity to
    Reuter  -  167 words
  • Article
    Lock icon Dollar down, gold up
    122 12 AP THE DOLLAR fell on world foreign exchanges in active selling yesterday, as banks and investors reacted to West Germany's new measures to bolster the deutschemark. Gold prices rose. Money dealers said the West German central bank's decision on Thursday to tighten credit and let its
    AP  -  122 words
  • Article
    LONDON STOCKS
    849 12 LONDON. Fri. British Aerospace featured in firsttime trading today but the rest of the market tended to drift in dull trading. At 3 pm, the Financial Times index was down 5.1 points at 489.1. Dealings in Britishg Aerospace opened at a premium of 21p on the UK government's
    849 words
  • Article
    Lock icon DOW JONES DECLINES SLIGHTLY
    118 12 AP NEW YORK, Fri. The stock market declined slightly this morning. Losers outnumbered gainers by a 3-to-2 margin in the early tally of New York Stock Exchange-listed issues. The Dow Jones average of 30 industrials slipped 0.06 points to 933.28 in the first half hour. The
    AP  -  118 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      72 12 NOTICES PROMET wishes to inform all Business Associates that with effect from sp.m. 21st February 1981 our new telephone number will be: PROMET PRIVATE LIMITED 21 Pandan Road, Jurong Industrial Estate Singapore 2260. Tel: *****77 Cable: "METHODS" Telex: RS ***** Change of Telephone Number Please be informed that from 21st
      72 words
    • Advertisement
      Page 12 Advertisements Column 2
      132 12 The Straits Times Directory of Singapore triple-purpose index. The one tab to help you keep tabs on all your resources! The triple-purpose index of the Straits Times Directory or Buku Merah (as we are also known) is your complete guide to all the resources available to you in your business.
      132 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      64 12 W E ATH E R| Outlook for Singapore from 6 a.m. to 1 p.m. today: Generally fair. Report for 24 hours prior to 7Jt p.m. on Feb 29 at the Airport. Maximum temperature 32.7 Associated humidity 50 Minimum temperature 22.5 Associated humidity 96 Hours of sunshine 10.80 Rainfall in millimetres
      64 words
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  • LEISURE TIMES
    • Article, Illustration
      Lord of the Sky
      744 13  -  DESTINATION Hot sun and ancient history add up to the ideal holiday. Throw in superb food and wine and, you have Crete, pearl of the Aegean Sea. S By QUEK SWEE PENG DESTINATION: Crete, the southern, and surely the most beautiful, island of Greece. DESTINATION: Heraklion,
      744 words
    • Article
      HAIR COLOUR CORRECTION
      808 13  -  By SALMA KHALIK WHAT would you do if your client's hair, which is supposed to emerge a beautiful blond, turns out so green that even Nature blinks. Even the most experienced of stylists have been known to panic in a situation like this. Who can blame them?
      808 words
    • Article
      Food fit for the gods
      136 13 A COLUMNIST af this newspaper hu Mee coastdfred Greek feed to be fit for the gods. Indeed few who have had the pleasure of tasting Greek nUne are likely to dispate that Tke Belvedere at tke Maadaria Hotel is new offerlag a Greek kaffet. As
      136 words
    • Article, Illustration
      Few budding lady golfers
      744 14  -  Not many women in Singapore take up the game of golf. Even if they do, few excel in competitions. CHARMAINE CHAN discusses this issue with Alvin Liau, the president of the Singapore Professional Golfers' Association, and David Milne of the Keppel Club. CHARMAINE CHAN THERE are
      744 words
    • Article
      SET FOR FIRST AWAY WIN
      841 14  -  mmm By RONALD KOW SINGAPORE versus Malaysian Armed Forces at Stadium Merdeka, Kuala Lumpur, tonight (kick-off Bpm) this Malaysia Cup soccer match is highly rated to give the Republic its first away win in the current season. Also highly rated is the likelihood of the
      841 words
    • Article
      Two film shows on the Olympic Games
      277 14 TWO FILMS should be of interest to anyone who is vaguely curious about any aspect of the Olympic Games. 'Coaches' and 'The Challenge Of The Continents' will be screened at the National Stadium Theatrette starting at 10.30 this morning. 'Coaches' concerns four people
      277 words
    • Article
      YOUR WEEKEND SPORTS
      377 14 TODAY GOLF: Warren. It's that time of the year when Warinvites budding golfers to compete for the Rabbit's Trophy. The match is open to all participants who -have yet to obtain a handicap from any Golf Club. The Rabbit's Trophy competition is 13-years old today. It is
      377 words
    • Article
      Rolex Masters
      236 14 THE SINGAPORE Golf Association kM decided to ImM Its (earth Designated ft——l CMjlMttM with the Rolex Masters at the Bakit esarae sf the SICC (ran March 12 to 15. All Slagaporc citizens with handicaps sf < sr under daring the msnth sf March eaa sahmlt their aameS (sr
      236 words
    • Article, Illustration
      Breaking Oriental rules
      1092 14 ■OTORII0 with V4ermes EVER since the first Mini rolled off the assembly lines in Britain some 20 years ago, it has shown the world that surprising things can be done with low powered cars. There has, of course, been numerous follow-ups from manufacturerss all over to set
      1,092 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      114 13 BUSINESS TIMES GIVES YOU THE EDGE o\ i: r PAGK HOW enthueiastic are woman towards a gama of golf? How many Kaa Baa Khima can wa boast of? Alvin Liau and David Milne give their views. CHARMAINE CHAN reports. AN unusual feature of the Rolex Masters at the 8ICC. FOOTBALLER
      114 words
    • Advertisement
      Page 13 Advertisements Column 2
      10 13 IBUSINESS TIMESI When we say business we mean just that
      10 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      444 13 WHAT WHERE CONCERTS THE National Theatre Symphonic -Band will present Sympbtak Seunds vm tonight at Bpm at the Victoria Concert Hall. JAZZ treat at the National Theatre on Feb 24 at 8.30pm by the Sadae Wataaahe Jazx Sextet. MIME BODY language is a fascination. The influence of movement and body
      444 words
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