The Business Times, 11 July 1981

Microfilm: NL11184
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, JULY 11,1981 60 CENTS
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  • BRIEFLY...
    • Article
      High Commissioner to NZ
      56 1 THE FORMER Senior Minister of State (Foreign Affairs), Mr Abdul Rahim Ishak, has been appointed High Commissioner to New Zealand, succeeding Mr Chan Keng Howe, the Ministry of Foreign Affairs said yesterday. Mr Rahim Ishak, who leaves for New Zealand today, was Singapore's Ambassador to Indonesia
      56 words
    • Article
      Lock icon Gold gains ground
      58 1 AP LONDON, Fri. Gold gained ground in extremely quiet trading in Europe yesterday, continuing its rebound above the US$4OO a troy ounce mark, and the dollar slid against all the major European currencies. London's five bullion houses fixed a recommended morning gold price of $415.25 a troy
      AP  -  58 words
    • Article
      Lock icon Texaco seeks loan
      84 1 Reuter LONDON, Fri. The Texaco Oil Company is seeking a US$5.5 billion loan from the European credit market that would be the largest commercial credit in history, the Chase Manhattan Bank said today. Chase, in charge of raising the loan, said Texaco wants the money for corporate
      Reuter  -  84 words
    • Article
      Lock icon Police put on alert
      89 1 Reuter LONDON, Fri. Thousands of police were put on alert in major British cities as authorities prepared for more street violence following a seventh night of disorder. Home Secretary (Interior Minister) William Whitelaw said he could not rule out the use of troops as a last
      Reuter  -  89 words
    • Article
      Lock icon Bringing money home
      65 1 Reuter MANILA, Fri. Nine Filipino banks which have amassed US$5OO million in foreign exchange holdings abroad agreed to bring the money back to the Philippines to lend to local companies. Central Bank governor Jaime Laya said they decided to cooperate after he asked them to exercise their
      Reuter  -  65 words
    • Article
      Lock icon Flour mill in China
      84 1 Reuter HONGKONG, Fri. A Hongkong company will set up the first wholly foreign-owned factory a HKJIOO million flour mill in China. Banque Nationale de Paris, which is raising a HKJ2O million loan to finance part of the project, said the flour mill will be set up
      Reuter  -  84 words
    • Article
      Lock icon Sinai force approval
      65 1 UPI CAIRO, Fri. The United States announced that the Egyptian and Israeli governments approved the final draft on the creation of a multi-national peace-keeping force in Sinai. US Deputy Assistant Secretary of State Michael Sterner said Egypt and Israel informed him that their governments have approved the
      UPI  -  65 words
  • Article
    Shifting of labour intensive plants
    695 1  -  LOWER COST IN MALAYSIA By WONG AI KWEI SEVERAL Singaporebased foreign companies are now investing in new plants across the Causeway with funds from their Singapore operations. Characteristically, these new plants have concentrated on the labour-inten-sive operations which are difficult to expand in Singapore because
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  • Article
    RDC raises prices of sand, granite
    252 1 THE government building materials supply company, Resources Development Corporation, has increased prices of sand and granite by between 40 and 50 per cent. These increases, coming a few months before the company expects to expand production sufficiently to cater to the needs of private
    252 words
  • Article
    CPF comes to house buyers' rescue
    454 1  -  By CATHERINE ONG PROPERTY buyers using Central Provident Fund savings to repay housing loans can now take heart. The CPF Board is prepared to step in where finance companies fear to tread. In the wake of complaints by members that finance companies have been
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  • Article
    IBS, UOB in US$700m loan
    320 1 INTERNATIONAL Bank of Singapore and United Overseas Bank are among a large consortium of bankers involved in a US$7OO million loan to the Korea Exchange Bank (KEB). The eight-year syndicated loan to be signed on July 21 is believed to be the largest ever granted
    320 words
  • Article
    Razaleigh pledge
    144 1 TENGKU Razaleigh Hamzah yesterday reiterated his stand that he would continue to serve the people of Malaysia and the country, and pledged his support to the new leadership under Datuk Sri Dr Mahathir Mohamad. Speaking to the thousands of supporters who were at his residence to welcome him
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  • Article
    Strong recovery allays fears of nervous investors
    273 1 THE rektud li prices yesterday at the Stagspare Stack Exehaage mast have heea a refreshing turn sf eveat far lavestars aervaasly haMlag aa to their scrip waaderiag whether the past week ef lethargy was psrtisftg s pralaaged deeUae. The strsag rise sf IZJK
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  • Article
    Surplus of $37.5 m for postal department
    375 1  -  By RICHARD SEAH THE Postal Services Department chalked up a $37.5 million surplus of revenue over expenditure last year. This is 38.1 per cent more than the surplus achieved in 1980 over 1979. This was despite the fact that Singapore's postal rates are
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  • Article
    Rateable value
    49 1 IT WAS reported in the Business Times yesterday that in Hongkong, rent control will be lifted from luxury flats which fetch rentals of HK$BO,OOO and, by next year, it will also include those in the HK$6O,OOO bracket. These figures are of course rateable values instead of rents.
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      210 1 THE Capital Issues Committee has approved Malayan United Industries' proposed acquisition of Ming Court Hotel and Hotel Malaysia Page 12 THE story of Lim Goh Tong, a penniless youngster who has become a prominent multi-millionaire Page 12 SUPPLIERS are short-sighted. They tend to concentrate only on the domestic market and
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      Page 1 Advertisements Column 2
      40 1 V m M at aii mdmg Pro ft Sport* »*op« PMVM-WEST CPTE3 LTD. «_AZA SMGAPUMA i*« ?2»2»?-w >100. CXwi no« T«i II •MC BUfcONO Vxx < 13 LOT* COM ><D Sw ..W< FtWNSVtA PIAZA in G G«M 'oc r"w Srw JVW»'
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      Page 1 Advertisements Column 3
      61 1 I T\ sngapom: I business fe people v WHO MATTER Times Penoacais PuDttca'tor Leader ...page < ar ji u* A THE WORLD... slums U.S. A. THE SYMBOL OF QUALITY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. MUNSINGMC4R Today's best-seller in
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  • OVERSEAS
    • Article
      Lock icon Marcos criticised for being 'weak'
      658 2 UPI Reuter PRESIDENT Marcos could push Filipinos to the limits of their patience if he does not turn the ailing economy of the Philippines which is "veering towards crisis." Calling the Manila leader a "weak dictator," Fortune magazine said in its latest edition that although
      UPI; Reuter  -  658 words
    • Article
      Lock icon Shrinking Chinese computer market
      198 2 AFP THE CHINA market for large computers has slowed down in the past four years and the potential in the next couple of years will be very limited due to the economic readjustment programme introduced last year. The Hongkong Standard, citing an interview with Burroughs Machines'
      AFP  -  198 words
    • Article
      Lock icon Thatcher assailed in Commons debate
      312 2 NYT THE HOUSE of Commons erupted in bitter recrimination on Thursday afternoon in the wake of urban violence, with Prime Minister Margaret Thatcher being forced to shout to make herself heard over her critics. While .Labour MPs denounced her for "ripping away the fabric of
      NYT  -  312 words
    • Article
      Lock icon Texaco may buy oil major
      324 2 NYT TEXACO, America's third-largest oil company, is preparing to make a bid for another major oil company. Sources said the target is Cities Service Company, the 20th-largest US energy company, although speculation elsewhere centred on the ninth largest company, Conoco. Moving to dispel the avalanche
      NYT  -  324 words
    • Article
      Lock icon America changes course on arms sales
      286 2 AP THE REAGAN Administration has ——< that tt weald sell anas to frieadly cmu tries wttheat Inspecting their bunas righto pslley tos etosety. The new approach, sat* lined Is a While Hsase statements* Tharsday, alss marks the ead sf "aallateral restraint," Haee the Ssviet
      AP  -  286 words
    • Article
      Lock icon Poor outlook for Third World economies
      372 2 AFP THIRD World economies will face continued severe problems due to the "modest and hesitant" recovery expected in industrial countries after the end of 1982, the Organisation for Economic Cooperation and Development (OECD) says. In its semi-annual report on the economic outlook, the OECD
      AFP  -  372 words
    • Article
      Lock icon Walesa raps latest round of strikes
      238 2 Reuter SOLIDARITY free "trade union leader Lech Walesa has criticised Poland's latest round of strikes. Employees of the national airline LOT stopped work yesterday for four hours. In protest against the government's refusal to accept their nominee for general manager. The government took a
      Reuter  -  238 words
    • Article
      Lock icon Saudis determined to keep oil prices down
      297 2 Reuter SAUDI Arabia believes that further oil price increases by the Organisation of Petroleum Exporting Countries (Opec) will force the West into massive investment in alternative energy. Oil industry Executives and diplomats said in Riyadh on Thursday that this would undermine the revenues
      Reuter  -  297 words
    • WORLD IN BRIEF
      • Article
        Lock icon CONTRACTS ABROAD
        382 2 Agencies SOUTH Korean companies won overseas construction contracts worth U554.79 billion in the first half of 1981. Industry sources said the figure could rise to about |8 billion for the full year, exceeding the government target of 17 billion. A TOP Japaaeoe eompater maker, FaJHsa Ltd, has acquired
        Agencies  -  382 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      679 2 ARRIVALS Service Local Operator Number Time From PAA PA005 0010 NYC/SFO/HKG Cargolux CV79G 0530 LUX DXB/MCT MAS MH601 0630 KUL MAS MH680 0645 KCH FT FT71 0700 JFK/ORD ANC NRT/TPE SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH603 0630 KUL MAS MH671 1000 PEN/KUL SIA
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    • Article, Illustration
      SHIPS IN PORT
      301 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Botany Treasure (Tanker) (0600) subject gas free D/L k T/L) 35/36 Golden Horse (2359) 42/43 Kawana (RO/RO) (2200 after Sol Drott) 33/34 Selamat Da tang (0700) 26 Sebarok (after Perlis 20 West CONTAINER TERMINAL Anro Asia 53 China Container 49 Lexa Maersk
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    • Article
      Lock icon Kit Siang invites non-Umno leaders to censure Suhaimi
      283 3 AFP THE opposition Democratic Action Party (DAP) in Malaysia has urged leaders of the component parties of the ruling National Front to jointly condemn Umno Youth leader Datuk Haji Suhaimi Kamaruddin for his "extremist and chauvinist" speeches. DAP Secretary-general Lim Kit Siang,
      AFP  -  283 words
    • Article
      Lock icon Shortest recession in America last year
      530 3 NYT AMERICA'S economic decline that began in January 1980 bottomed out just seven months later, making it the shortest recession on record. "The depth and breadth of the contraction in early 1960 clearly marked it as a recession in spite of its unusual brevity,"
      NYT  -  530 words
    • Article
      Lock icon Reagan's position on subsidies defended
      426 3 AP THE CHAIRMAN of President Reagan's Council of Economic Advisers, Mr Murray Weidenbaum, has defended the Administration's hardline position of denying government subsidies to most companies beseiged by international competition. "In these circumstances, our domestic industry must either find a way of upgrading its own
      AP  -  426 words
    • Article
      Lock icon Australians call for inquiry
      145 3 AFP AN IMMEDIATE official inquiry into the widespread buying up of Australian farming land by foreign interests is being demanded by the Australian opposition parties. Their campaign for the inquiry was launched yesterday by the leader of the opposition in the Senate, Senator John Button, who
      AFP  -  145 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      37 2 m S I H ?>v 6 torn S3 L. W A > m, *>0 <V 4fc Available at all bookshops and emporiums. Distributed by FEDERAL PUBLICATIONS 1 New Industrial Road, Singapore 1953 A member of The Times Organisation
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      Page 2 Advertisements Column 2
      84 2 AFEEC '81 2nd Biennial ASEAN Federation of Electrical Engineering Contractors Convention Exhibition 15 18 SEPTEMBER 1981 HYATT HOTEL, SINGAPORE Electrical engineers and contractors will find AFEEC '81 an enlightening occasion. Visit the exhibition and attend the conference to keep abreast with the latest developments in the electrical world. For trade
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      404 3 Vcl 1 a j The prime factor when you are organising your company's important conference, meeting or convention is the venue. You need a fresh environment away from the distraction of office interruptions and routine. To stimulate creative thinking. To establish the peace of mind so necessary to planning and
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  • RAW MATERIALS
    • Article
      Lock icon Quota shortfalls for redistribution
      497 4 AP THE executive committee of the International Sugar Organisation has decided to start redistributing quota shortfalls announced to date by exporters. ISO executive director William Miller said that total shortfalls announced so far amounted to 1,285,878 tonnes. "There is a widespread expectation that only a portion
      AP  -  497 words
    • Article
      Lock icon World refined copper market seen in balance
      416 4 Reuter A WORLD refined copper surplus for the second half of 1981 87,000 tonnes suggests the market will be approximately in balance for the year as a whole, the International Wrought Copper Council (IWCC) said in its annual report. Refined consumption is forecast
      Reuter  -  416 words
    • Article
      Lock icon Forecast of soybean output
      181 4 Reuter BRAZIL'S 1982 (1982/83 March-February marketing year) soybean crop is tentatively forecast at 15.2 million tonnes compared to 15,675,000 tonnes estimated for the current season, the US Agriculture Department's officer in Sao Paulo said a Held report. The report, dated July 6, cautioned that the tentative
      Reuter  -  181 words
    • Article
      Conditions for rubber weaker
      270 4 SOFT conditions ruled as outgoing One RSS traded down to a three-year low oC 215 cents, says H*iMay, Caller, Bath aad Cempaay said in its latest review of the Singapore and Malaysian rubber markets. The fall of twelve cents on the week follows renewed stale bull
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    • Article
      Lock icon Brazil cuts quoted coffee prices
      274 4 NYT THE world's largest coffee producer, cut its quoted prices on wholesale coffee exports by almost 50 per cent on Thursday. The move came as Brazilian farmers were harvesting a near-record crop of green coffee estimated at 32 million bags. Each bag contains 132 pounds
      NYT  -  274 words
    • Article
      Malaysian processed palm oil exports
      365 4 PENINSULAR Malaysian processed palm oil exports rose to 171,130 tonnes in March from 155,675 in February but fell short of the 182,276 in March 1960, the Statistics Department said. Crude palm oil exports fell to 2,559 tonnes from 2,561 in February and 8,667 in March
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    • Article
      Lock icon US grain talks with India
      315 4 NYT INDIA was said to be negotiating with officials in the United States for the purchase of 2 million tons of wheat to make up for the shortfall in the targeted buffer stock this year. Food secretary BC Gangopadhyaya is on an unannounced mission to
      NYT  -  315 words
    • Article
      Produce exchange
      175 4 CHINESE Prdiee Ex* chaage, Stagapare, dMtag price» per IN kg yesterday. CMMMrt ad: Bulk fob 5122.50 sellers, ok) drum (in second hand drum) fob $136.50 sellers, new drum fob {141.50 sellers. Capra: Mixed (loose) $72.75 buyers. rapper: Muntok white pepper fob AsU NLW $377.50 sellers, Sarawak white pepper
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    • Article
      TEXTILES
      193 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 2Qs 2,380 32s 2,870, 40s 3,025 (per bale of 400 lbs). Pleee gaads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      RICE
      340 4 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-Rodown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.38, 100 per cent second class 1.16, 100 per cent third class 1.06, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.80, Special
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    • Article
      RUBBER
      225 4 RUBBER prices in Singapore yesterday closed slightly higher with August One RSS 'ouyers quoted at 231.50 cents per kilo, up three cents from Thursday's close, dealers said. Morning prices were marked up about three cents on speculative buying and covering interest, they said. Afternoon prices held around lunehtime levels,
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    • Article
      RAS PRICES
      359 4 RAS price* In cents per kilo yesterday Noon (per kilo) Buyer* Seller* Int. 1 R S.S prompt f o.b. 218 00 219 OON lot 1 R.S.S August 232.00 231.00 Int 1 R.S.S. September 239 50 M0 00 Int. 2 R.S.S. 214.06 215 OON UK Coot 211.00 214 00N
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    • Article
      SSR and SMR
      84 4 NOON 881 md SMR pncw ymt ~**r KA* An« (Can—I Kjwi Si Suo M Mtk) (flmSr l«yiii fc mo wr Mlfc) SSA JO (1-taapMM MMN ft<n ll&SON MOON S8RI0 (l-teopOMI *xoo MOON )HU0 MULB SMRCV (ltaa fill) rrua 280J0N MOJO MUtN ITUON 8MB L (lum paitMl auo
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    • Article
      Straits Tin
      84 4 THE STRAITS tia price la Peitig yesterday rsae aaether Ave ceats to M 529.44 a Idle, attU wltUa the ITA tower raage at $27.28 to $91.91, dealers said. Tke eeatlaaed stieaglh was attrlbated to steriftag's reeevery agalast the Malayslaa dellar aad farther haylag sappert (rem Japaa, Earape aad
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    • Article
      CLOSING PRICES
      34 4 Rubber July 10 Singapore: Aug: 231.50 cents (up 3.00 cent*) Malaysia: Aug: 252.50 cents (up 4.50 cents) Tin: M 529.40 per kilo (up 5 cents) Official offering: 241 tonnes (up 21 tonnes)
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    • Article
      WHEAT
      127 4 WHEAT futures in Chicago on Thursday closed at or near the bottom of a 9 X cert range, down 14 to 11 cents a bushel in active trade. Steady speculative selling on trade belief that Wednesday's advance was overdone touched off commission bouse and local sell-stops late which dropped
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    • Article
      LONDON MARKETS
      609 4 COFFEE: Robust* futures yesterday ended the morning near the highs after modest trade support took the market up from initial losses of around £14. Futures ended the morning mostly unchanged to £5 higher in a volume of 1326 lots including 125 cross trades. SUGAR: The London price on
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    • Article
      SOYBEAN
      219 4 SOYBEAN futures in Chicago on Thursday closed 3 l to BVi cents a bushel lower, around the middle to low side of a IOV* cent range. Prices declined from the start on speculative selling in a consolidation of Wednesday's advance, dealers said. The professional house sold 2.0 million bushels
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    • Article
      PALM OIL
      184 4 THE Kuala Lumpur market yesterday closed lower in quiet trading on some late selling despite the State Trading Corp of India's purchase of 30,000 tonnes of RBD palm oil for September/ October shipment, dealers said. In July, central lost M 52.50 to $1,075 a tonne while the northern
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      223 4 from HAMLYN Rich Little Terence Feeiy Skinny little Carol Blair was born in the back streets of Liverpool but with all the riches that count grit, heart and humour. Borne along on a torrent of powerful, erotic, often violent incident, she scales the peaks of jet-set society, clashing against the
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  • TRADE AND INDUSTRY
    • Article
      Possibility not too remote for a mini grand prix here
      540 5  -  By RICHARD SEAH SINGAPORE may hold international remote control car races some day soon. This is the dream of developer George Wuu, who planned the East Coast Recreation Centre due for completion at the end of the year. A 200-metre
      540 words
    • Article
      ESSO HELPS FIVE FACTORIES SAVE ON FUEL BILL
      301 5 ESSO'S energy audit programme has helped five factories realise where they may save up to 37 per cent of its annual fuel bill. The programme, started in January, covered Lion Tyres, National Laundry Services, Richmond Packaging, Toppan Printing and Contract Manufacturing Services.
      301 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      165 5 VOLVO Far East has appointed Mr Fm Chee Kiaag as general manager of Volvo Penta and Mr Paal Kallmia as general manager of Volvo SEA (Parts Division). A marine engineer, Mr Foo was instrumental in building up Volvo Penta, the company's marine division, which now supplies engines
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    • Article
      MEMO PAD
      465 5 SEMINARS AND COURSES July 2-Aug 4: Sales Motivation and Effective Salesmanship, Bukit Timah Campus, Department of Extramural Studies of the National University of Singapore July 6-21: Industrial Hydraulics, NPB Cuppage Centre, National Productivity Board July 6-Aug 21: Certificate in Organisation and Management of Maintenance System Part I, NPB
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    • Article, Illustration
      Two new cranes for NISM
      334 5 NATIONAL Iron and Steel Mills (NISM) expects to save 12 million per annum through the installation of the two 20-ton double link level luffing cranes in Jurong port. The two shore cranes, installed at a cost of $6.5 million In December 1980, can achieve a
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    • Article
      Generous $76m spent on leisure facilities
      286 5 THE Government has been generous in providing recreational facilities in Singapore to the tune of $76 million in the last three years. This was stated by Mr Teh Cheang Wan, Minister for National Development, when he opened the first regional congress on parks and
      286 words
    • Article
      Chee Onn's advice to Asean unions
      221 5 IT IS crucial (or Asean unions to establish better relations with their West European and American counterparts. Mr iim Chee Onn, NTUC Secretary-General and Minister without Portfolio, said this can be done on a regional basis with the recent (ormation of the Asean Council
      221 words
    • Article
      SDF training grants
      187 5 LOCAL companies received a larger share of the Skills Development Fund (SDF) training grants, which amounted to $24.4 million at the end of May. They accounted for 51.5 per cent of the awards, with the balance equally distributed among foreign companies. The SDF said yesterday that 60
      187 words
    • Article
      Practical projects
      121 5 NGEE Ann Technical College will hand over five projects completed by its students to Motor and Leasing Pte Ltd on July 18. The projects are an alternator and starter tester, a 30-tonne hydraulic forcing press, three sets of 1,000 kilogramme engine stands, an engine test booth and a
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    • Article
      Furniture industry is still least productive
      706 5 THE FURNITURE industry in Singapore remains one of the least productive, despite its rapid growth in the *****. The industry is also having difficulty attracting school leavers into the trade. Full-time training courses in wood based trades offered by the Vocational and Industrial Training
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      2 5 Leader page
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      Page 5 Advertisements Column 2
      363 5 COeeNHAQGHx UM\ H6lD6iaS?or^r" P*ris /jj^ Pif?R3SKC^\ o*m" f f^|Z2l THE jJOp GREATEST v attmaSMMoyß nrrirnffiWHffir :V *9 \< .INDtSHL Yes, never before was there a tour that traveSadttfarnorthatCopenhagtmatfar east at Alhent at far touth at Sorrento, Pompeii, Capri and would you befltveit? to London at wel-and all within 22 to
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  • Article
    What a way to go!
    504 6 THE BURNING sun scorches the tarmac, excited murmurs ripple through the tense crowd as revving engines roar out their challenge to each other and drivers' eyes narrow in concentration and determination. It is the start of the main race in the Singapore International Grand Prix,
    504 words
  • Article
    Delivering cheaply and efficiently
    259 6 THE STANDARD of postal services in a country affects each and every resident. Yet, it is only in instances when one awaits the arrival of that all important letter that one notices the efficiency (or lack of it) of the postal system. It is then that
    259 words
  • Article, Illustration
    Diplomatic mail order service
    1606 6  -  TSANG SAU YIN talks to Jacky Lesellier, who runs Le Club Diplomatique. TSANG SAU YIN IT'S a neat, simple, and cheap way of getting your goods to an exclusive clientele via the post. Just pay $2,000 for a full page colour insertion in a catalogue, which
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      598 6 TWO-11-OKE CROSSWORD CRYPTIC PUZZLE ACROSS I Husky humour (5) 6 Packs a tug into a steamship! (5) 9 Judy Garland sang over it (7) 10 Good and bad-weather food! (5) II Figures dialled in threes (5) 12 Overcharge for a film (5) 13 Payment to an author (but not Willie
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      795 6 TWaRWDTPBI 'ELECTRONIC BRAINS' COMPUTERS Itve iltei keea tallei electronic knlH. Bat, la reality, they aren't braiay at all. They caaaat evea eaaat ta twn. Campaters make aae «f a dy. Arthar Tate, a yaaag palleemaa la a filet little rn|lMi village, I* aa aalve aa he In apea-taeed. He falther,
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  • Article, Illustration
    The guest who came and conquered
    1889 7  -  It all began with Las Vegas in 1966 when the the mysterious Howard Hughes arrived in the city that does not sleep. He first walked into the Desert Inn and into the penthouse where he held a reservation, and where he was to remain
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  • Article
    Lock icon Aquaculture in Hawaii
    773 7  -  By WALLACE TURNER NYT AFTER six years of careful nurturing by a benign state government, the growing of shellfish in the controlled environment of aquacultural farms shows signs of maturing into a major industry in Hawaii. "Now the commercial wholesale value of the harvest is about US$2
    NYT  -  773 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      144 7 The Straits Times Directory of Singapore triple-purpose index. The one tab to help you keep tabs on allyour 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. If
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        273 8 JULY OS Frs CORBEILLE Alr-Uqulde 422 4-7 B S N Qervals Danone 885 4-15 C8F (ThomsonCif)-... in 27 Cle FrtncUae del Petroles 88 10 -08 Compagnie Flnanclere Compagnie 258 15 Generate Credit Fonder De rrance 282 1.9 Hachette (Llbralrte) 281 +9 Machines Bull 34 80 unch Mtchelln (B) 732
        273 words
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        Frankfurt
        231 8 JULY 08 Dm Aeg-Telefunken 4110 02 Akao 1 22 40 -02 Allx Leben 11(000 unch Alls Vers ***** 42 BA8F 134.30 -09 Bay H T Wbank 183 00B -1 Bay Vbank 200 00 -4 Bayer 128.30 -14 BBC 282.00 BMW 108 50 OJ Cassella 270 00 Chem Verw 275
        231 words
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        Brussels
        93 8 JULY 06 Frs FORWARD MARKET Acec r 279 unch Arbed 1144 -2 Astur Mt 44 Briactn I1M .2 Bra-Lamb 1180 -37 r«n par1S06 unch Cock ISO S De Beers 206 4 FhM 1270 ♦20 Electrobel -5 Ob-Inno-Bm I960 IS Oev 1370 JO Hobok 2180 unch Peiro 3800 .100 Ryl
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        Zurich
        192 8 JULY 08 Franc» AcUoni Suisse* 382 unch Alusulssr Br 900 3D Alusuisse Ref. JM -2 Brown Bovrri Br Cite Oelfy Br CI be Oelfy PC aba Geifj Rm Credit Suisse Br Credit Suuh Ref 1340 1290 980 Mi 2156 306 -25 unch -10 •J -S -1 Elektrowau Br O+orje
        192 words
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        Amsterdam
        177 8 JULY 09 FU ARM ma IJ Ahold 70.90 0J Akao 25.00 -0J AMEV 80 JO kmfm 90.00 >2 Amrobnk 52J0 02 Berk 37.00 45.50 -lJ -0J Bo Is 81J0 0.5 BorsumlJ 171 JO -0.5 Burhmann 52.00 -IJ Caland 37 JO 1 Calve Delft 197.00 -3 Del! icy 75.00 1J
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      • Article
        NEW YORK PRICES
        818 8 THE NEW YORK stock market on Thursday closed higher, with takeover candidates sparking the rally The Dow Jones industrial average was up five points and advances outpaced declines three to two as the market volume approximated Wednesdays million shares Analysts said the gain was '•fly "technical bounce"
        818 words
      • Article
        TORONTO
        145 8 JULY Abitibi Cf 25^ Alcan 34* 41* Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd 46* Brascan 33* Dom Tv 11* unch Dome Mines H l-» Falcon bridge 100 unch Falconbndfe Cop Oenatar 33 V Ot Weil Uf« Ot Yellow Knfe HI UH Gulf Oil
        145 words
      • Article
        JOHANNESBURG
        276 8 JULY OS Rand INDUSTRIALS A Alphf 400 10 Abercom 386 unch AE And CI SIS 15 Auir 2M0 50 Barlows sas ♦7 Cg Sugar 157SB PN A MO 00 Currte Finance 2306 De Been Ind £00 -50 Edcw 825 unch Edgars I960 Eve ready Fed Vott Z 500 IS
        276 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      263 8 ckiiaisss The American Express Card serves you well, wherever good food is served". mSr J Snacks for your island treks ft Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday JSsafijl) Public
      263 words
    • Advertisement
      Page 8 Advertisements Column 2
      136 8 fit" IJU^m JAPANESE RESTAURANT -A For sushi. For teppcinyaki. For other authentically Japanese delights. >/>«*n 1 J >:oi >>: n t> It) p m 10 il) j\ •> /or reservations ,i. f call 737<>077 A L (S) 4'Mllir\ I S||C|-;||| 111 RESTAURANT Business Breakfas* 7.30 am 11 am Lurch 12
      136 words
    • Advertisement
      Page 8 Advertisements Column 3
      183 8 See Page 11 for Asian stocks The Great Family Do-ltAburself Barbecue. WE Saturday rwf* fl lia I. y-y. i 11 roots** at me Uoeroi juSt choot* whal you want and barbecue Mm!. *afood taladv viucs CWI hat and apron available $22+ -f for adults 115+ for each cMd under 12
      183 words
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      Page 8 Advertisements Column 4
      118 8 OQQQO S Jl;' .-t s m *-"T? JF 4*" r -I Dine in fhe grand tradition of emperors. a |p Win *re sumptuous meals are prepared $7X I by masters in F'eking I vICaJ ulsin,J And served PIME COURT with traditional oriental hospitalitv. OD' /> T ,,s„ \t v itdilo*
      118 words
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      Page 8 Advertisements Column 5
      240 8 This i* Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant restaurant presents Wednesday Fashion at 1.15 p.m. Try our
      240 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Schmidt rejects call to realign monetary parities
      360 9 Reuter CHANCELLOR Helmut Schmidt has rejected a call by the West German government's panel of economic advisers for a rapid realignment of European Monetary System (EMS) parities as "a mistaken suggestion". Mr Schmidt said he saw absolutely no tension between the French franc
      Reuter  -  360 words
    • Article
      Lock icon Rescue attempt for Banco Occidental
      417 9 Reuter SPANISH banking authorities have signed an agreement to prevent the collapse of one of the country's top 20 national banks. Banco Occidental. Occidental is an industrial bank with capital and reserves worth 7.15 billion pesetas and total deposits of 68 billion. It owns a
      Reuter  -  417 words
    • Article
      Lock icon USE OF SIBOR ALLOWED
      130 9 Reuter THE BANK of Korea has told foreign banks in South Korea they may use Singapore interbank offered rate (Sibor) to estimate their swap costs. The central bank previously insisted that all swap costs must be calculated against the London interbank offered rate (Libor). Foreign banks
      Reuter  -  130 words
    • MONEY AND EXCHANGES
      • Article
        GOLD
        242 9 SINGAPORE gold futures yesterday closed generally firmer on some local and overseas buying, with the advance prompted by a weaker US dollar following US Federal Reserve action to ease liquidity in the funds market, dealers said. Trading was light with total sales for the day recorded at 70 lots
        242 words
      • Article
        Silver quotes
        34 9 New York 8.90B 8KB 9.10S 8.85S Zurich 8 65B 8.S0B 8.85S 8.70S rn Than Singapore 8.6GB 8.80B 8.85S 8.80S Closing price* in US dollars a troy ounc t. Source: Credit Suisse, S'pore
        34 words
      • Article
        TOKYO
        92 9 THE US dollar (or over- i night delivery yesterday < closed firmer at 228.60 yen, compared with a 228.40 opening here and a 228.40/ 55 closing both in New York and on the West Coast cm Thursday. However, this was easier from a 229.45 closing here on Thursday. Trading
        92 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury Mils to be issued from July 13 to July 17: Offered: »10,000,000 Applied tar: *162,300,000. Altetted: $110,000,000. Accepted Hds: $96.35 approximately 33 per cent and higher bids in full. Average rale dteeeaat •a altatmeat: 6.495 per cent per annum.
        50 words
      • Article
        PLR
        22 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
      • Article
        ASIAN $ RATES
        169 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on July 10. U8 D*lUn(Spo<) Offer BM 7 days 18* 19 1 month 18H 19% 2 months 18"i 18 1 3 months 18 v 16H 6 months 18 VIS 181/16 8 months 17* 17 12 months 17 16H 8«M Dm.
        169 words
      • Article
        Discount
        7 9 mmwim wm Source: National Discount Co
        7 words
      • Article
        Singapore market
        430 9 THE US dollar opened weaker on the money market yesterday despite strong support for the US unit over the week. Against the local unit, the US dollar opened at 2.1610/ 20, lower than Thursday's close of 2.1675/85. At the end of the day, it fell even lower to
        430 words
      • Article
        HONGKONG
        161 9 THE US dollar yesterday fell against most major currencies in quiet late trading, after a slightly firmer opening yesterday morning, dealers said. Indication of an easing of tight US monetary policy after US Federal Reserve action to add liquidity to the banking system depressed the dollar, they said. The
        161 words
      • Article
        London
        175 9 THE dollar yesterday rallied from its lows after some nervous and volatile early trading. The general outlook remained confused and uncertain, dealers said. It opened at 2.4370/80 marks and later firmed to 2.4404/15 after registering 2.4315/25 in early Frankfurt trading. These rates compare with a late Hongkong 2.4396/4410, a
        175 words
    • Article
      BofA gives students four study awards
      144 9 BANK of America has awarded two more $2,500 scholarship awards to commemorate its 25th anniversary last October. The bank decided to increase the number of scholarships to four after it interviewed the candidates recently. A bank spokesman said: "In view of the great number
      144 words
    • Article
      Lock icon NEW YORK USHERS IN CD FUTURES
      118 9 Reuter THE NEW York Futures Exchange introduced a contract on domestic bank certificates of deposit on Thursday, giving it exclusive listing in the fast-growing financial futures trading now dominated by Chicago futures exchanges. The CD futures call for delivery of US$l million face value
      Reuter  -  118 words
    • Article
      Training centre for UOB staff
      285 9 THE UNITED Overseas Bank group has set up a new training centre featuring a simulated bank branch equipped with computer terminals, an automated teller and the counter and office areas of a typical branch. The centre, located in the same building as the newly opened
      285 words
    • Article
      Lock icon BOLIVIANS SUSPEND TALKS
      75 9 Reuter THE BOLIVIAN geverattM "tl wiltwi litMb« the lateraatleaal Masetary Faad (IMF), aatU the ownS32S3S3t— Siirees Mil Flwrr Mtototer Mr Tamaya tali private hariasa—a Ballvla kM ae spekesama to represent It to talks wttk totenattoMl ergaaisatlsas, ■■111 "there to mm totonwl patltteal deflatttoa". The IMF to* pistpisil
      Reuter  -  75 words
    • Article
      Lock icon Rates raised
      94 9 Reuter THE UNITED Malayan ■—"-t Can has raised Its three aai rix math Used itpistt rates to It per Mat tram 1.71 per eeat, effective immediately. The eae maath rate rase ta 1« per eeat fraa per eeat while alae aad U maath rates were raised to IUH
      Reuter  -  94 words
    • Article
      Dollar expected to rise against French franc
      290 9 THE US dollar is expected to strengthen against both the Swiss and French francs. So far, the Swiss currency has held on to its montbago level of Sfr2.lo against the American unit. It has also firmed considerably against the other European currencies, reaching
      290 words
    • Article
      Lock icon LOANS
      42 9 AFP THE WORLD Bank and its has announced loans totalling almost US$l billion. TnrKa will receive $400 million to build three 500megawatt generators at the Korba power station, Madhya Pradesh. Thailand will get $35 million to improve its road system. AFP
      AFP  -  42 words
    • Article
      Lock icon Saudis seek better rates for deposits
      187 9 Reuter SAUDI Arabian Bank customers are increasingly seeking market rates of interest on deposits and this desire is bringing bank profit margins under pressure. Islamic v law prohibits usury and while riyal rates remained at )ust a couple of per cent, depositors could waive
      Reuter  -  187 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      179 9 The first major pictorial record to Mecca The Haji, the great Muslim pilgrimage to Mecca, has never before been photographed in such magnificent colour and with such feeling. Now for the first time, Mohamed Amin, one of the world's great photographers and himself a Muslim, has been allowed access to
      179 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1785 10 BID and otter prices officially listed and business in and reparted to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Allied Choc (3.408
    1,785 words
  • Article
    Unit trusts
    196 10 SINGAPORE UNIT TKU8T diamond mot rrou (Ma—gers* prtMa tar Jal IS) fMiiiiin- aria- tar Jal 11 IS) The Commerce 3B 4.15 Diamond S'pore Fd US*>101 The Savlngi Fund 2 25 2 36 fl S pore Prog Fund 1.74 1.13 SS2.10 uo S pore Sec. Fund 2 S2 ITS
    196 words
  • Article
    SHARE INFORMATION SERVICE
    2781 10 1981 High Low Compaiy Last Sale Gr*a Gr'» Net Div Div Yld P/E Vol Day or- Crr ('OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 350 312 420 200 470 980 875 430 320 Acma Alcorn 130 Allied Choc 161 BAT 330 Bata 110 Ben 360 Berjaya
    2,781 words
  • Article
    In Kuala Lumpur
    1889 10 BID and otter prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDDBTUALB Atoaa (3 KB COOS) (I) 3* (1) 3 88 (1) 3
    1,889 words
  • Article
    Lock icon Endeavour Resources reinstated
    121 10 Reuter THE MELBOURNE Stock Exchange announced yesterday it has reinstated trading in shares of Endeavour Resources, a unit of Bond Corp Holdings Ltd. The exchange said it did this after bring told by Endeavour it had dropped the 90 per cent acceptance condition for its bid to
    Reuter  -  121 words
  • Article
    S'pore Finance back in style
    739 10 SINGAPORE Flaaaee made lt> eMMbfk to the Stock ExdMMie sf SbucftMre la style yesterday. It ipwei at tt-N aai aMvtl itnagly ta fairly heavy taraever to $1.4« Mare praOt-taktog •eat It dawn to fMt. TOa was still a sabstaattal premlam to Its pahUe •fler price
    739 words
  • Article
    Kuala Lumpur steadier
    607 10 BUYERS continued to be fairly active at the Kuala Lumpur stock market yesterday and share prices consequently closed steadier. The improved sentiment came after share prices made an about-turn on Thursday following losses in the earlier part of the week. Some observers feel that share prices have
    607 words
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  • COMPANY NEWS
    • Article
      SCRIP ISSUES
      429 11 Company Particulars Ex Date Books Close Atom CkaM GIHMgs GLuker Bytex J C Emt MMBUB MBraxriei NCiMt Malayawata Mltex Metr* Httgs i Orfaatel HMgs PMC PM^l Pu Electric PesiMau Pikle Baak PaMe Textile Veaeer Prsd Proposed rights issue of 2 for 1 $1.70 per share Bonus issue of
      429 words
    • Article
      Sin Heng Chan looks east
      500 11 FEEDMILLER Sin Heng Chan (Malaya) is to open its first plant on the east coast of Peninsular Malaysia as part of its expansion programme to cater for the growing demand for animal feeds from that part of the country. The new subsidiary, Sin Heng Chan
      500 words
    • Article
      COMPANY MEETINGS
      71 11 PEOI Maiaytfa Herhad: AGM to be held at the 17th Floor, Komplek Kewangan, Jalan Raja Chulan, Kuala Lumpur on July 14 at 9 am. TDM Mm*: AGM to be held at 18th Floor, Komplek Kewangan, 82 Jalan Ra)a Chulan, Kuala Lumpur on July 15 at 11.30 am. CHEMICAL
      71 words
    • Article
      Kinta Kellas takes a fall
      343 11 LOWER tin output and increasing mining costs contributed to a sharp fall in the earnings of Kinta Kellas Tin Dredging for the year just ended. It reported a pre-tax profit of MH.49 million for the year ended March 31, 1981, compared to $3.55 million previously.
      343 words
    • In Hongkong...
      • Article
        HENDERSON Land Devel- opment Co Ltd's
        85 11 250 million new share issue* is 10.6 times oversubscribed, directors of Henderson announced in a statement yesterday. Each successful applicant will be required to buy 1,000 shares at HKJ2 par in fully paid form for |4 each and 4,000 in partly paid form at
        85 words
    • Article, Illustration
      F&N hopeful despite setback
      550 11  -  By CHRIS LIM SOFT drinks manufacturer Fraser A Neave is hoping for better results next year after the sharp 54 per cent fall in its trading profit during its last financial year to March *****1. The poor result this year was due to cost Increases in
      550 words
    • Article
      Premium replies
      179 11 PREMIUM Holdings Bhd has said that the profits to be derived from its proposed acquisition of Yen Development Sdn Bhd cannot be accurately determined at this stage because of several unknown factors. In reply to earlier queries from the KLSE on its proposed takeover of Yen, Premium said
      179 words
    • Article
      DIVIDENDS ANNOUNCED
      533 11 Carnal E> ■eete Date Tatelfcr Tatallar Payaeat Dtee Chn Payatee Ike year Piwlm year API 3%TE Jun 10 Jun 22 Jul 13 3%TE Akmm 5% JuaU Jun 23 Jul 15 10% 12% 30%<q) Jul 20 Jul 27 Aug 12 30% 30%(q) Bate Eawaa 5%I Jun 6 Jun 20
      533 words
    • Article
      Outlook for bank shares
      309 11 r Market Talk... A THE PROJECTED profit growth for Singapore banks this year is about 30-40 per cent, says broking firm Associated Asian Securities in its latest review of the local banking sector. While it attributed the decline from the 50 per cent growth rate of
      309 words
  • ASIAN STOCKS
    • Article
      HONGKONG STOCKS CLOSE FIRMER
      256 11 STOCKS yesterday closed firmer after a sharp rise over the day powered by the leaders. However, some of the stronger secondary issues fell back. Dealers said the market sentiment was supported by the unexpectedly large oversubscription for the Henderson new share issue. A sixfold oversubscription was
      256 words
    • Article
      Bangkok
      81 11 SHARE prices yesterday closed generally lower in the absence of buying support. JULY 10 Bahts Asia Fibre 1» •4 Ajruthaym In*. And Tnio Bangkok Bank Bank Of Ayudhaym Z M ■ft Lid ISO uneh Beril Juckar V) •t Charoong Thai First Trust Z 50 JO unch Industrial finance Corp
      81 words
    • Article
      Manila
      88 11 JULY 10 Peso* A CO)* MUUn« 0062 unch AUu Con. A AUU Con B. 25 0-5 B*ruio OoW 0035 ***** Bencuet Con B Si 1 Br Ooodrtch 10 unch CDCP no unch Landoll Lepanlo B lore 0 006 Marlnduque B uo unch Oriental A Orient*] B 044 -0 001
      88 words
    • Article
      Sydney
      327 11 TRADING took a steadier tone as buyers returned to help the All-Ordinary index post its first rise in seven trading days, dealers said. Banks and gold miners were among the stronger issues as the All-Ordinaries index firmed 1.7 points to 663.5. However, most rises were marginal amidst concern that
      327 words
    • Article
      Tokyo
      417 11 SHARE prices yesterday gained on cheap and selective buying in big capitals electricals and vehicles in fairly active trading on the strength of Wall Street overnight, dealers said. The market average closed 17.82 points higher at 7,912.98 with volume of 520 million shares. The Tokyo Stock Exchange index rose
      417 words
    • Article
      Selected indices
      52 11 FINANCIAL TIMES INDUSTRIALS Thursday 518.0 Wednesday 322 4 Week Ago 545.9 DOW JONES AVERAGE INDUSTRIALS Thursday 950.00 Wednesday.. «348 Week Ago 050.19 H.K.HANG SENG Friday 1777.13 Thursday 1747.20 Week Ago- 1745.72 AUSTRALIAN INDUSTRIALS Friday 730.0 Thursday 727.3 Week Ago 75« 1 ALL ORDINARIES Friday «3.5 Thursday «2.0 Week
      52 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      82 11 NOTICES C.T. BOWRING SINGAPORE PTE LTD PLEASE NOTE THAT WITH IMMEDIATE EFFECT OUR NEW ADDRESS IS: 14-01/02/04 ML BUILDING 140 CECIL STREET SINGAPORE 0106 1 OUR TELEPHONE AND TELEX NUMBERS REMAIN UNCHANGED 1.E.:-* TEL 223»0ff (S IMS) TU: BOMSUR RS ***** MARSH ft MCLENNAN (SINGAPORE) PTE LTD I PLEASE NOTE
      82 words
    • Advertisement
      Page 11 Advertisements Column 2
      122 11 Car ownership has its problems. 'SZ'WEARNES doesn't! We offer as near to perfect a service as you'll ever get! Because the only cars we rent out form part of our franchise range. Which' means that every car rented from us is treated as if it's your car. Regularly serviced, maintained
      122 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      148 12 Rises Indices Pegi Msia 825 150 July 9 July 10 Hong Leoag lad 2450 110 BT Indicator: *****8 *****2 H Leoag Credit 1800 100 Industrials: 928 64 941.56 Towa City Pacific Dev PMC 610 1496 2000 +100 96 00 Finance: Hotels: 2033 12 1357.96 2077.24 1362.39 Spore Laad M
      148 words
    • Article, Illustration
      KUALA LUMPUR
      182 12 Rises Indices 140 July 9 July 10 Pegi 890 BT Index *****8 *****8 T A City 600 140 Industrials: 1176.60 1193.87 H L lad 2600 100 Finance: 1913.06 1931.63 HL Credit 1850 +110 Hotels: 519.64 521.29 PMC 2140 +80 Properties: 1214.71 1265.77 Syn Resins 900 +60 Tins: 459.96
      182 words
  • Article
    LONDON STOCKS
    737 12 LONDON, Fri. The market cloeed Arm reflecting end account technical influences and the firmness of sterling. At 3pm, the Financial Times index was up 5.2 points at 524.2. Government bonds gained more tfu»n a point in places with thin conditions accentuating the advance. Equity leaders staged a technical
    737 words
  • Article
    DOW JONES
    43 12 NEW YORK, Fri. The stock market advanced slightly this morning, getting a little more mileage out of yesterday's technical rally. The Dow Jones average rose 0.09 points to 999.09 in the first half hour. Gainers outnumbered losers by 3 to 2.
    43 words
  • Article
    Singapore Fodder acquires $5m Pasir Panjang property
    347 12 SINGAPORE Fsdder ha* jiM the leag list sf pshticlistod c«mpui«i whleh have hit the property acqalstttoa trail. Hm feedmtll eecnpaay aaasaaced yesterday a $*.44 mllltoa parehaae el a «41»-sqaare-metre piece et laad at Paslr Paajaag Bead. The property ia —ed far the devetopmeat
    347 words
  • Article
    CIC approves MUI's takeover of hotels
    651 12 ■IE Companies Editor: Mano Sabnani MALAYAN United Industries (MUI) announced yesterday that the Capital Issues Committee (CIC) has approved its proposed acquisition of Ming Court Hotel and Hotel Malaysia. This clears the way for the takeovers, removing the uncertainties that have been surrounding the
    651 words
  • Article
    J Chia's Haw Par stake
    324 12 JACK Chia, who already controls more than 10.4 per cent of Haw Par's equity, has acquired another block of shares, bringing his effective holdings to 11.57 per cent. Mr Chia, chairman of the Jack Chia group of companies and director of an associated company of
    324 words
  • Article
    COMPANY BRIEFS
    209 12 PERAK Carbide Carparatlaa Bli has received confirmation from the Capital Issues Committee that the acquisition of the entire issued and paidup capital of Golden East Corporation Sdn Bhd is to be satisfied by an issue of 1.101 million new PCCB shares valued at $1.50 each and cash of
    209 words
  • Article
    RESULTS DUE
    427 12 Date LmI Fall Ye* r Cempaay Peried ft—aanrd Net EPS Gtm Pre-tax last year <ee«t») Dtv. Profit <%) <!*•••) K L Industries F 1/5 0.4 218 Kesang Tin F 5/5 64 K Kampar F 17/6 69.8 73.3 3,647 Kramat F 17/6 1.112L J C-M P H F 25/6
    427 words
  • Article, Illustration
    Road to Gentings
    764 12  -  *****® EBCOGE: HOCK LOCK SIEW THE LATEST acquisition of Ko Rubber Plantations by Tan Sri Lim Goh Tong is further testimony to the boundless energy and ambition of the man who immigrated from mainland China as a penniless youngster some 40 years ago. Tan Sri Lim is
    764 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      119 12 A comprehensive book on what to eat and where to entertain in Singapore. Over 90 pages of useful information from fast food chains to dining out in style. So get your copy now. -sp* This book is now available at $4/- a copy at the following places: TIMES ORCHARD CENTRE
      119 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 Outlook for Singapore from 6am to lpm today: Showers in several areas in early morning, affecting few areas thereafter till about noon. Report for 84 bun prfor fo 7.* pm on July II at the airport. Maximum temperature Associated humidity Minimum temperature Associated humidity •*> flours of sunshine Rainfall in
      62 words
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  • LEISURE TIMES
    • Article, Illustration
      Observations
      1220 13  -  By RICHARD SEAH AMERICAN waitresses don't say "you're welcome" when yon thank them. Instead, they sing yon a sweet melodious "uh-huh" topped with a smile. In their own ways, Americans are different. But some are different not just because they are Americans they do things many of us don't,
      1,220 words
    • Article, Illustration
      A healthy young man aged 67
      260 13 KNUTSON is another American who made me want to hide my face. He was 66 years old when I met him in Mt San Jacinto, just outside Palm Springs. He just turned 67. I had taken an 18minute tramcar ride up the mountain. Knutson
      260 words
    • Article
      Some days are...
      544 13  -  RECORD By LEE YOKE MENG EASY, On Easy Street could very well have been the title song on John Denver's latest album, Some Days are Diamonds. So casual, sprightly and easy is the tone of this new selection that there is no other way to describe it
      544 words
    • Article
      Pesta Sukan Bridge Tournament
      318 13 BRIDGE players are invited to take part in this year's Pesta Sukan Bridge Tournament in August. The Singapore Contract Bridge Association which is organising the tournament says Indonesia and Malaysia are expected to take part in the tournament which will be held over the National Day
      318 words
    • Article
      YOUR WEEKEND SPORTS
      366 14 TODAY GOLF: Sentasa: The Shinzo Ohya Challenge Trophy competition will occupy the Sentasa course today. Jurong: The *C division monthly stokeplay medal is scheduled for this afternoon. Keppel: The course is booked this afternoon for the 'A' and 'B' monthly medals. It is a strokeplay medal. SICC:
      366 words
    • Article, Illustration
      There's nothing we can't tackle
      994 14  -  mm By RONALD KOW LETT'S SEE if we can swallow all these that have happened on the local football scene in the past week or so. The Football Association of Malaysia (FAM) decides that it needs players like Soh Chin Aun, Shukor Salle h, R
      994 words
    • Article
      Wearne-Leyland Classic
      222 14 WearneLeyland Classic THE WEAKNE-LEYLAND Classic 1961 will be held at the Chugl Golf Club from July 24 to 21 while the ailmale Pro-Am will be played a day before the Classic. The fifth leg of the sevenleg Local Circuit, the Weame-Leylaad Classic offers a hole-In-one prise of $2,Ml for the
      222 words
    • Article, Illustration
      All for a good laugh
      551 14  -  L REVIEW By JUNE LIM JAMIE ULYS, writer, producer and director of "Beautiful People" and "Funny People" has once again delivered a film filled with laughs. In his latest film, "The gods must be crazy", Jamie Ulys encourages the audience to laugh at himself. The
      551 words
    • Article, Illustration
      SMOOTH PERFORMANCE
      1042 14 ■OTO&IM with Hermes THE FIRST Honda cars like the Honda 360 Life and the 600s did not make much impact and somehow sales failed to take off. Then came the Civic, acclaimed by some as being the first truly modem Japanese car. Basically a hatchback, it became a
      1,042 words
    • Article, Illustration
      Learning to be a fine hairdresser
      597 14  -  By SIOW LI SEN SO YOU aspire to be a hairdresser. Do not despair if you think you do not have the feel for the Job. As long as you are willing to work hard and can afford the fees and living expenses in
      597 words
    • Article
      SIA may emerge victorious
      998 14  -  heir matches and, apart HA* rom the two points earned, ANCHOR ne of the remaining three ichcape players should be T^V3BPTTrTi ble to take another point rom Beecham in the CHARMAINE CHAN SINGAPORE Airlines should walk away from the Anchor Business Houses Squash League (ABHSL) as
      998 words
    • Article
      The Seven-Up Water Ski championships start tomorrow
      217 14 THE 1981 7-UP Water Ski Championships will kick off tomorrow. Unlike last year's, this year's championships will he held at Ponggoi, the most popular water skiing site in Singapore. Sunday's tournament will he held off Coney Island. The tournament will start off at
      217 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      6 13 BUSINESS TIMES GIVES YOU THE EDGE
      6 words
    • Advertisement
      Page 13 Advertisements Column 2
      71 13 BUSINESS TIMES When we say business we mean just that o> I'KJ J THERE are problems on and off the pitch. But nothing we can't tackle. RONALD KOW reports. SIA has an edge. CHARMAINE CHAN reports on the Anchor Business Houses Squash League. YOUR weekend sports diary. THE Civic, the
      71 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      280 13 WHAT WHERE J EXHIBITIONS PAPUA New Gniaea Primitive Art at the National Museum Art Gallery between 9am and 5.30pm. A unique collection of primitive carvings and artefacts donated by Mr A C Galstaun. The exhibition, originally scheduled to end tomorrow, is extended to July 26. PRESENTATION of «U aad Chinese
      280 words
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