The Business Times, 15 August 1981

Microfilm: NL11220
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, AUGUST 15,1*81 60 CENTS
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  • Article
    Bill for more control over trade disputes
    328 1 A BILL was latradaced la Parßameat yesterday which eeald see mere striageat eaatral ef ladastrlal 4 Itpates. At the csmaieacemeat «I pabtfc basiacas yesterday, Mr Oag Teag Che—g, Mlalater far Lahsar aad CammaateatfeM, latradaced the Trade Dlspates (Ameadmeat) Bill. Uader the existing BUI,
    328 words
  • Article
    First Daiwa bond
    551 1  -  By ALVIN TAY THE Singapore-based Asian dollar market will get a much-needed boost when the first-ever convertible bond issue by a Japanese financial institution is listed here. Tokyo-based Daiwa Securities will issue a US$5O million convertible bond in the Euro-Asian dollar market, a marked departure from its
    551 words
  • Article
    Entrepreneurs to promote French exports
    349 1  -  By SHANTI SEN FIVE young business graduates are here to promote the export of smallto medium-sized French companies. The French Trade Commission, with the support of its government, is training these young entrepreneurs to be the link between French exports on the one hand, and
    349 words
  • Article
    NTUC to decide after debate on COP proposals
    490 1  -  By WONG AI KWEI THE National Trades Union Congress has adopted a "wait-and-see" attitude to the recommendations made by the Committee on Productivity (COP). While accepting "in principle" most of the recommendations, NTUC vice-chairman Peter Vincent declined to make a firm commitment
    490 words
  • BRIEFLY...
    • Article
      Lock icon Harun to appeal
      78 1 AFP KUALA LUMPUR, Fri. Former Selangor Mentri Besar Datuk Haji Harun Idris is to make a formal appeal to Home Affairs Minister Datuk Musa Hitam next week for permission to hold the post of United Malays National Organisation vice-president. Datuk Harun will personally write to Datuk Musa,
      AFP  -  78 words
    • Article
      Lock icon Burmah Oil
      49 1 Reuter NEW DELHI, Fri. The Indian government today announced it had reached an agreement with Britishowned Burmah Oil Company to take over the company's stakes in Oil India Limited and Burmah's subsidiary Assam Oil Company. Under the deal, Burmah Oil will receive U5526.87 million as compensation. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Philippine courts
      62 1 AFP MANILA, Fri. President Ferdinand Marcos today abolished all Philippine courts except the Supreme Court. The president signed into law the recently approved Judiciary Reorganisation Bill which creates an intermediate apellate court and various regional trial courts in place of the present court of appeals, criminal courts, agrarian
      AFP  -  62 words
    • Article
      Lock icon Forced labour
      69 1 Reuter GENEVA, Fri. The Anti-Slavery Society today accused Ethiopia of rounding up 45,000 people for forced labour in the northern town of Humera last year and said at least 1,626 died as a result. In a report to a United Nations Panel on Slavery, the London-based society said
      Reuter  -  69 words
    • Article
      Lock icon Unified oil price
      45 1 Reuter BAHRAIN, Fri. Saudi Arabian Oil Minister Sheikh Ahmed Zaki Yamani said he expected the next meeting of Opec to agree on a unified oil price. He said if it did the kingdom would cut production from its present record level. Reuter
      Reuter  -  45 words
    • Article
      Lock icon More US weapons
      60 1 Reuter BANGKOK, Fri. US Under-Secre-tary of State for Security Assistance James Buckley today discussed with Thai Prime Minister Prem Tinsulanonda further American military aid for Thailand's armed forces. General Prem, who is also Defence Minister, said he had stated Thailand's wish to buy more US weapons on
      Reuter  -  60 words
    • Article
      Marcos' warning
      36 1 MANILA, Fri. President Ferdinand Marcos warned today that communists were again engaged in the "same old activities" which prompted him to declare Martial Law in 1972, infiltrating labour unions, student groups and the clergy.
      36 words
    • Article
      Lock icon Financial Times
      62 1 AP LONDON, Fri. The Financial Times announced today it is raising its price to 30 pence a day from 25 pence starting from Aug 17. "The rise is the first in more than a year and has been forced on us by substantial cost increases, especially for newsprint,"
      AP  -  62 words
  • Article
    Building activities may slow down
    569 1  -  By AGNES WEE CONSTRUCTION work is likely to slow down in future. Indications of this trend are in the decline in contracts awarded by the private sector in the second quarter of this year. The persistent shortage of construction workers may have aggravated the situation.
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  • Article
    Share prices take another knock
    213 1 SHARE prices at the Stock Exchange of Singapore dropped again yesterday after the technical rally on Thursday. The Straits Times Industrial Index feU 13.74 points to 757.93. Analysts noted that daily gains during the last two weeks were smaller than daily losses, resulting in a
    213 words
  • Article
    Precision tool plant transfers technology to Indian company
    237 1 A PRECISION tool plant has concluded an agreement to transfer its technology to a Bengal stateowned company. Tata Precision Industries of Singapore will help West Bengal Electronics Industry Development Corporation to set up a modern tool plant in Calcutta. The plant, called
    237 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      230 1 n J T > > 4, 1:1:1 vi: i: i Seepage 7 imKDS MALAYAN United Industries is unlikely to get more than a handful of shares from minority shareholders of Ming Court Hotel and Hotel Malaysia Page 12 MEMBERS of Opec are negotiating a compromise solution which is likely to
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      Page 1 Advertisements Column 2
      210 1 >(@*{<)/~{/\/?"='@|+(>?@["&+=.< Swing With A Perfect ZMd The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls... and golf clubs. That's why Lynx named its newest, hottest model golf club '10'. These new-design woods-and irons were created
      210 words
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      Page 1 Advertisements Column 3
      83 1 FOR PEOPLE WHO MATTER MOMMESSIN CHABLIS 1979 The special while wine for any special celebration. I* 1979 uuas special year. I met you holidaying at Cannes." Life still is one long vacation with you". "The French bottled a great wine that year". "Now. let's toast: To us. cheers". "I II
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  • OVERSEAS
    • Article
      Lock icon Opec working on oil price solution
      836 2 SAUDI CRUDE MAY COST MORE NYT MEMBERS of the Organisation of Petroleum Exporting Countries (Opec) are negotiating behind the scenes to fashion a compromise, possibly to be ratified at a meeting of Opec ministers next Wednesday in Geneva. The compromise solution is likely to
      NYT  -  836 words
    • Article
      Lock icon AMERICAN INFLATION EASES SLIGHTLY
      168 2 Reuter INFLATION in the US, as measured by the producer price index, eased slightly in July but the pace is expected to quicken again in the last quarter of the year. The government's producer price index for July, which was scheduled to be released yesterday, will
      Reuter  -  168 words
    • Article
      Lock icon Reagan warning on bigger budget gaps
      502 2 NYT PRESIDENT Reagan signed his historic package of tax and budget cuts into law on Thursday, but for the first time acknowledged that the changes Congress made to his bill has given rise to the possibility of future federal budget deficits even wider than
      NYT  -  502 words
    • Article
      Lock icon World air traffic controllers postpone sanctions decision
      250 2 UPI TRANS-AUaatte air travel retami to Mar ■■final, aad striking US air traffic «•■trailers snffered aasther setback wkea foreign eeni«Msn aa Impealng annettaas agaiast American commercial nights. Traffic between the US nnd Earape thraagh the pivotal central print at Gander, Newfeondlnad, picked ■p
      UPI  -  250 words
    • Article
      Lock icon Japan advised to buy more from others
      308 2 Reuter JAPAN should move to boost its slowing domestic economy and counter trade friction by importing more manufactured goods. This proposal was made by the Japanese Economic Planning Agency (EPA) yesterday in a White Paper on the economy. The paper, approved by the
      Reuter  -  308 words
    • Article
      Lock icon Japanese asked to back armed forces
      226 2 Reuter THE Japanese government, in a drive to win national consensus for increased military spending, yesterday called for patriotism and support for the armed forces to help maintain Japan's peace and independence. The call was contained in the Japanese Defence Agency's annual White Paper
      Reuter  -  226 words
    • Article
      Lock icon US rules out early summit with Russia
      297 2 Reuter WHITE House officials see no chance for an early Soviet-American summit even though President Reagan had proposed to Soviet leader Leonid Brezhnev that they should meet to discuss ways of preserving peace. The officials said yesterday that differences between the Soviet Union
      Reuter  -  297 words
    • Article
      Lock icon Solidarity celebrates its first birthday
      148 2 Reuter POLAND'S independent union, Solidarity, yesterday celebrated the first anniversary of its birth, just as the country's leaders are preparing for a visit to the Soviet Union. The official press reported that Party leader Stanislaw Kania and Prime Minister Wojciech Jaruzelski would pay a short
      Reuter  -  148 words
    • WORLD IN BRIEF
      • Article
        Lock icon AGREEMENT ON TIMBER
        483 2 Agencies THE third Asean ministerial meeting on forestry and agriculture ended in Jakarta on Thursday with basic agreement on forestry cooperation, a common animal quarantine zone and a commitment to eradicate foot and mouth disease from the region. The forestry agreement, named the "Jakarta consensus on Asean
        Agencies  -  483 words
    • Article
      Lock icon GROWTH FORECAST
      293 2 Reuter UK gross domestic product will grow a real 0.5 per cent in 1982, after declines of 2 per cent in 1981 and 1980, the Organisation for Economic Cooperation and Development forecast in it* annual survey of the UK economy. This revises OECD forecasts published last month in
      Reuter  -  293 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      670 2 ARRIVALS Service Local Operator Number Time Prom PAA CAL Cargo! ui MAS SIA MAS MAS MAS SIA MAS CAL CPA G1A SIA GIA PAL SIA SIA MAS SIA MAS RBA SIA SIA GIA KLM MAS LUFT GIA THAI MAS CAL SIA SIA SIA SIA SIA MAS JAL
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    • Article
      Lock icon Anti-Khomeiny guerillas hijack torpedo boat
      340 3 UPI ANTT-KHOMEINY guerillas in a commandeered tugboat hijacked an Iranian torpedo boat off the Spanish coast in a lightning attack on three French-built warships enroute to Iran, Spanish officials said yesterday. A group in Paris called the Movement of Iranian Liberation, led by the late
      UPI  -  340 words
    • Article
      US seeking ban on nuclear armaments
      212 3 THE United States will seek an agreement to ban nuclear arms in West Asia. According to Eugene V. Rostow, the Director o( the US Arms Control and Disarmament Agency, preliminary diplomatic talks have already started. In an interview published in the New York Times
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    • Article, Illustration
      SHIPS IN PORT
      442 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bum Chin (Tanker) (1800 after Johnson Chemstar, P/O, subject gas free) 1516 Feng Tao (after Cora bank) 42/43 Kwang Chow (after Hugheverett) 38/39 Kota Singa (0700 afer Meiki hauls) 10/11 Kota Bintang (after Kota Singa) 10/11 Meiki (0530 hauls 73m east after
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    • Article
      Lock icon China supplies strategic metals
      548 3 UPI THE US is looking to China to help ease a shortage of strategic and rare metals vital to President Reagan's defence buildup plans and the long-term future of the space programme. China is rich in many metals needed by the US and has been moving
      UPI  -  548 words
    • Article
      Lock icon DOLLAR EDGES DOWN
      350 3 Reuter THE US dollar fell slightly on highly nervous foreign exchanges yesterday amid fresh speculation that the European Monetary System (EMS) would be realigned this weekend because of the dollar's recent surge. The dollar's rtse since Aug 3 has strained the EMS, under which EEC currencies except
      Reuter  -  350 words
    • Article
      Lock icon ALGERIANS THREATEN JAPANESE
      120 3 AFP ALGERIA has informed Japan it will suspend Japanese car imports if Japanese oil companies cut imports from Algeria. The Kyodo News Service, quoting officials of the Ministry of International Trade and Industry (Miti), said Miti will advise Japanese oil importers not to reduce oil imports drastically
      AFP  -  120 words
    • Article
      Lock icon Germans keen on Jakarta projects
      183 3 UPI FIFTEEN German companies may soon take part in 20 large industrial projects in Indonesia. West German Economy Minister Otto Graf Lambsdorff, who met Indonesian leaders during a seven-day visit, said on Thursday the climate in Indonesia was "favourable for investments". "There are 15 German
      UPI  -  183 words
    • Article
      Lock icon Mahathir calls for Asean stockpiles to control prices
      274 3 Reuter ASEAN ahasld we Mi *wn atockpOea aid prsdsettos «•strata la rake Ike prtee af tta sad ratter, «Id Malay ■las Prime Minister Dr MahatMr Mataaawd yeaterHe saM be had Ike Impresses Us prices were Bat the prise s< Its tats sal
      Reuter  -  274 words
    • Article, Illustration
      M'sian PM says Hanoi no threat
      507 3 MALAYSIAN Prime Minister Mahathir Mohamed said yesterday in Jakarta that he believes Vietnam has so many internal problems and concerns with reconstruction that it poses no danger to Asean. Dr Mahathir, who is visiting Indonesia was asked whether Malaysia sees a greater threat from
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    • Article
      Lock icon Saudis need arms experts indefinitely
      329 3 AP SAUDI Arabia cannot maintain the billions of dollars worth of US weapons it has ordered, and da a result, US technicians will be needed to take up the slack (or the foreseeable future. A Pentagon source said dependence on US technicians will allow the
      AP  -  329 words
    • Article
      Lock icon Japanese resume oil shipments
      116 3 Reuter JAPAN will resume oil shipments from Mexico soon, following a decision by the Mexican state oil company, Pemex, to lower its prices by between US$l.5O and $2.50 a barrel. Japan's Mexican Petroleum Import Company, quaking for the Japanese importers, told reporters that Pemex had reduced
      Reuter  -  116 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      238 2 ihJ!'"S i •mi This excellent book is only 3 v ATLAS THE WORLD What makes PHILIPS' ILL USTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book that is visually exciting, very
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      Page 2 Advertisements Column 2
      330 2 Senior Appointment m FINANCE DIRECTOR Location: London The Hong Leong Group is seeking a top-caiibre professional to fin the post of Finance Director in its subsidiary company, MANSON FINANCE TRUST LTD. UK. The company is a weH established public quoted company in London having several operating subsidiary companies Its business
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      137 3 SPEAKMAN AUTOFLO SHO/VER HEADS 9, Autofk>*flow control device Speakman Autoflo® shower heads contain a compact flow control device that fits inside any ball joint shower head we produce, to reduce the volume of water being used, while still delivering a totally satisfying shower. This remarkable device has only one moving
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  • RAW MATERIALS
    • Article
      Lock icon Futures Industry Association's July report
      1023 4 NYT SOME TIME this Week, the Futures Industry Association's (FIA) report on commodity trading volume for last month was issued. It should show that the turnover for July fell 5 per cent to 8.6 million contracts, the first such decline since June 1960, when the
      NYT  -  1,023 words
    • Article
      Lock icon USDA predicts grain output
      321 4 Reuter THE US grain harvest this year will reach near-record levels, while the Soviet Union will have a poor crop for the third consecutive year, the US Agriculture Department said this week. It 'estimated the US maize crop at 7.73 billion bushels (196 million tonnes), the
      Reuter  -  321 words
    • Article
      NUPW's sugar
      182 4 THE 45,000 tonnes of sugar cane planted by the National Union of Plantation Workers (NUPW) settlers at Bahau, Negri Sembilan, is "over-matured" by two years and is commercially worthless now. NUPW's general secretary Mr P P Narayanan explained that at that time, the mills of Syarikat Gula NS,
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    • Article
      SOYBEAN
      209 4 SOYBEAN futures in Chicago on Thursday closed with sharp losses, down 21 to 29 y« US cents a bushel in revived trade. All positions except the spot August initially slumped to new season's lows in response to the bearishly interpreted US soybean and corn crop estimates by the USDA.
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    • Article
      WHEAT
      225 4 WHEAT futures In Chicago on Thursday closed 3Vj to 6 Vt US cents a bushel lower, at or near the top of a 7 V* cent range. Steady scale-down commercial pricing and dried up selling interest prompted local demand and accounted for pared loss&, traders said. However, prices held
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    • Article
      Straits Tin
      97 4 THE STRAITS tin price ii Peiaag yesterday rase seven cents to M 533.51 a kiln, still within the ITA ceiling range sf $32.14 to $35.41, dealers said. A sharp fall an the London Metal Exchange overnight was discounted and there was baying snpport from influential buyers, Japan and
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    • Article
      Produce exchange
      172 4 CHINEBE Preface Exehaige, Sagapare, riwhg prim per lttkg yeaterdsy. CwtMt all: Bulk fob H22.50 sellers, old drum (in second hand drum) fob $136.50 seller*, new drum fob $141.90 sellers. Cafra: Mixed (loose) ***** buyers. Pepper: Muntok white pepper fob Asta NLW 1377.50 sellers, Sarawak white pepper faq fob
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    • Article
      CLOSING PRICES
      34 4 Rubber: Aug 14 Singapore: Sept: 228.00 cents (down 1.50 cents) Malaysia: Sept: 252.50 cents (down 1.50 cents) Tin: M 533.51 per kilo (up 7 cents) Official offering: 90 tonnes (down 125 tonnes)
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    • Article
      Duty rates
      85 4 THE Malaysian Minister of Finance has fixed these rates for the period from Aug 13 until further notice: Ratter: 243 Vi cents a kilo for RSSOne; Cepra: MJ727.50 a tonne; Palm kernel: 5956 75 a tonne; White pepper: *3,260.00 a tonne; Blaek pepper: $2,U6.00 a tonne; The rates
      85 words
    • Article
      RUBBER
      214 4 Singapore rubber prices yesterday closed slightly lower with September One RSS buyers quoted at 228.00 cents per kilo, down 1-50 cents from Thursday's close. Levels fluctuated narrowly in afternoon trading but values eased fractionally after the close on some October/December offerings. In Kaaia Lampar, the market closed easier at
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    • Article
      LONDON MARKETS
      809 4 COFFEE: Robusta coffee futures yesterday concluded morning business above the lows after declining during the opening call on speculative long liquidation traders said. Midday prices were £5 to £20 a tonne down on the day in a volume of 1,701 lots including eight options and 234 crces trades.
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    • Article
      RAS PRICES
      305 4 RAS prices In cent* per kilo yesterday Int. 1 R.S.S prompt (.0.1 Int. 1 R.S.S September Int. 1 RJS.S. October Int. 2 R.S.S UK Coot Int. 3 R.S.S UK/Coat Int. 4 R S.S UK Coat. Int 5 R.S.S. UK/Coot (per kilo) Buyer* Sellers > ***** ZL3.00N 228.00 228JO
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    • Article
      SSR and SMR
      105 4 NOON SSI I i 1 1 wrimr BAB SSR ID U-toa paAWtl 8»pt»« (Cnrnl Hfin 1 1MJ0 ifcar iMtkl (•Iter* JOO-SON <Parwu4 Mtk) B<j»n Saltan 300JO 301 SON SSRSO (1401 paOWt) ***** 1M.00N lie. oo 300.00N MBBLB SMRCV B (1 IOB IMilM) xuo 384 JON 364 JO
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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) Cattsa yarn: China Blue Phoenix 20a 2.375; 3& 2.825, 40a 2.980 (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
      330 4 SINGAPORE: Yesterday's closing prices In SS per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.36, 100 per cent second class 1.14, 100 per cent third class 1.10, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN A-super 0.78. Special
      330 words
    • Article
      PALM OIL
      154 4 THE Kuala Lumpur market yesterday closed slightly easier in fairly active trading, despite India buying two 5,000 tonne lots of RBD olein for October and November shipments at US$49O and |492 a tonne respectively, dealers said. In August, south eased Mss to $905 a tonne ana central fell
      154 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      441 4 V- s *vr#mue V, ■j-j c«" •*v s*"' m Z<m "V v'" M y-t m i*» ?3SK V./: 'i I'-,/ WINDOWS AT TIFFANY® -'"4 < ?md w$ '.#^Pl r•in S-M <_ "~i f Of -seas v..-**;.: In r WE Jr "A ir V > '1 M* I Abranis ARTBOOKS THE
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  • TRADE AND INDUSTRY
    • Article
      Another Guardian Pharmacy store soon at Goldhill
      514 5  -  By KOH TSE YING GUARDIAN Pharmacy, operated by the retail division of Odd Storage Trading Pte Ltd, will soon bring its medical wares to the new shopping and commercial complex of Goldhill Square. The pharmacy, which recently opened its fourth store at Katong
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    • Article
      TRADE TALK
      593 5 THE Engineering Club and Society of the National University of Singapore will be holding its first engineering convention next month. The convention, to be held at the Mandarin Hotel on Sep 3 and 4, will be opened by Dr Tay Eng Soon, Minister of State for Education. About
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    • Article
      MEMO FID
      534 5 SEMINARS AND COURSES Aug 3-2Q: 30th Building Construction Safety Supervisors Course, Cuppage Centre, NPB Aug 3-21: Supervisory Development Programme Module 2 The Supervisor and His Job, Cuppage Centre, NPB Aug 3-Sep 7: Microprocessors Module 1 8080 A, Cuppage Centre, NPB Aug 4-28: Basic Industrial Hydraulics, Cuppage Centre, NPB
      534 words
    • Article
      Senator's talks will focus on trade, security
      310 5 US Senator Samuel Hayakawa, chairman of the East Asian and Pacific subcommittee of the US Senate Foreign Relations Committee, will be visiting Singapore from tomorrow to Aug 18. During his visit, the senator will meet senior Singapore government officials to learn their views
      310 words
    • Article, Illustration
      Gul Engineering wins $42m deal to build vessels
      243 5  -  NORWEGIAN CLIENT By JAN LEE GUL Engineering Pte Ltd, a subsidiary of Keppel Shipyard, has secured a contract to build two multi-purpose supply vessels costing $21 million each for Y Hvistendahl of Norway. Gul, in turn, signed a $16 million contract with
      243 words
    • Article
      Oil companies' new marketing competition
      272 5 OIL companies have started a marketing competition on a new front in the sale of liquefied petroleum gas (LPG). LPG is normally used (or domestic cooking purposes as well as commercially. The gas (or domestic use is marketed in containers of various sizes, ranging from
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    • Article, Illustration
      PEOPLE IN BUSINESS
      279 5 ANTHONY Lee KlU| Pang has been promoted operations manager at American Express International Banking Corporation. He succeeds Tap Geek Lin, who has been transferred to the bank's office in Hongkong. Mr Lee, previously deputy manager, is responsible for the bank's operating activities including the computer programme and
      279 words
    • Article
      Universal Electronics plant up for auction
      556 5 UNIVERSAL Electronics Corporation (UEC), once the proud flagship of the Industrial Electronics and Engineering (TEE) group, has reached the end of its tether. The long-drawn stay on liquidation proceedings against the consumer electronics plant enforced since lEE chalked up $20 million outstanding loans to
      556 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      29 5 Indian Bank The Gem for all seasons, by all reasons (Carved on August 15, 1907) Now studded in Platinum YteVp* Svtv^ > CAVcc In its 75th year. thanks to you.
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  • Article
    Excellence in English
    488 6 SOME non-graduate teachers expressed surprise on learning of the salary increases they can now earn from holding or achieving distinctions in certain subjects at "O" level. According to New Nation, the surprise element was in the choice of English, English literature and elementary mathematics as the qualifying
    488 words
  • Article
    Enterprising idea
    162 6 DYNAMIC and youthful, the French Permanent Representative Relay team will attempt to accomplish what hundreds of local agents and salesmen have been trying to do with varying degrees of success. It will indeed be inspiring if this government-aided team, while they are warning to become entrepreneurs, bring more
    162 words
  • Article
    Applicant for Hotel Tai-Pan shares feels cheated
    281 6 Letter to the Editor Dear Sr I had applied for 1,000 Hotel Tai-Pan shares, and on Aug 8 my application form together with the cashier's order were returned to me. Also sent was a letter dated Aug 6 from the registrar of Lim
    281 words
  • Article, Illustration
    Lock icon Storm in a wineglass
    726 6  -  FRANCE AND ITALY AT LOGGERHEADS By HUGH PAIH Reuter A STORM in a wineglass is rocking the peaceful vineyards of Sicily and southern France, and the European Economic Community (EEC) must work out how to calm it. At Sete, a tiny port near Montpellier whose name
    Reuter  -  726 words
  • Article
    Lock icon Small breweries in the US set for competition
    1216 6  -  By WINSTON WILLIAMS NYT SMALL breweries in the US have been folding up almost since any- 1 one can remember. The growing I national brands have swallowed j them as acquisitions or made it < impossible for them to survive financially. <
    NYT  -  1,216 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      660 6 CRYPTIC PUZZLE ACROSS 4 Is there no real holiday for him? (6) 7 Everything's One for the completely posh type (4, 4) 8 Has such a street its modern section? (3-3) 10 Stay* at the organ console? (5) 13 It's high in a low way (4) 14 It's bound, we
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      37 6 jriStoW- DickgaS I SfV/ LOOK RT THIS COMCCKDE. IN TOLL FuiGKT NO miSTftKiNG "THOSC SnnOOTH LiNCS... THPfT D>ST\NCTiVC Nose. ..j P»ND see. P6oV£ Housetbes f*r Toxje iv*e SO*-»®>--*ND 1 VA£P»D»MG this > I UWA' J soa£V m\| ptustrsme,.
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      525 6 kIM A bit of fun and suspense b to "We* deee Meai ui pa itaawke- Geae, la la a *eep tm me Ngfa* wttk tkclr levely aaal A prtk* Marllym. He MHa m a awr- wfc« Oart ■early a qatetl—■ bla akeat g* tke vie- ImkMil eeoet leve a ker
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    • Miscellaneous
      Page 6 Miscellaneous Column 4
      171 6 SINGAPORE Patrol 8.15 On The Sunny Side Mi Today's Diary followed by Prog Summary and Say It With Music IMI Thirty Minute Theatre llJt John Fox Presents 11JI News in Brief 11.15 Small Talk lIM Musical Tribute IJI PM The SBC Combo IJI News folllowed by Share Market Report and
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  • IN PARLIAMENT YESTERDAY
    • Article
      Surcharge of 20pc for breaking energy conservation rule
      608 7 A RU.T. which will penalise owners of air-conditioned commercial buildings who fail to achieve the energy conservation standard by Jan 1, 1962, was passed yesterday. The penalty will be a surcharge of 20 per cent of the electricity bill. The Minister for
      608 words
    • Article
      Compulsory ear checkups for workers
      405 7 all WORKERS who are exposed to high noise levels may in future have to undergo regular ear checkups. Dr Wong Kwei Cheong, MP for Cairnhill, said the Ministry for Labour plans to introduce legislation to make such examinations compulsory for all those working in noisy
      405 words
    • Article, Illustration
      AMERICAN HOTEL AND MOTEL ASSOCIATION
      1221 7  -  HOTEL INDUSTRY The American Hotel end Motel Association plays sn important role in promoting the interaction of people within the industry end in educating members by conducting hotel sdministration courses, says RAY ANQ. RAY ANG. RECENTLY the Singapore chapter of the American Hotel and Motel
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    • Article
      Amendment bills on CPF passed
      1065 7  -  By SALMA KHALIK THE CENTRAL Provident Fund featured prominently, with two oral questions asked and two amendment bills passed. One of the bills dealt with the mortgage reducing insurance scheme which was read for the third time yesterday, after having gone through a Select Committee
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        228 8 AUO 13 m COKBBILLK Air-Liquid* B 8 N Ckrnli |»rKTvt C 8 F (ThomjonCle FTancalae ta Pcuotw Compafnl* to lose WJJO -a 25 13 117 JO -1J Flnincltrc Ooanpagnlc OtMftll W -0J Credit Ponctar D* Franc* Hacbau* (Ubralrt*) Uarhln** Bull Mich*tin <B) 386 38-50 ne uneh 1J6 >10 1
        228 words
      • Article
        Frankfurt
        174 8 ADO 13 Jm Aac-Talafunkan 40 JO -1J ax -0-2 Alls Leben *****0 440 A1U Van 4*000 41 BASF 140. TO -OJ Bay H T Wbank 17*JO 413 Bay Vbank 71X00 -a Butr BBC 131 JO ♦0.7 TMjOO 41J PM™ lffLOO OJ Pa Milli X15JO unch Cham Vanr 200 JO
        174 words
      • Article
        Brussels
        75 8 AUQ 13 FY* FORWARD MARKET Arar Arbad SM MM 1 l oncb AMw Braacan Bra-Lamb <U in MM 7 1 *4 i -a Canpac Cock 1MI ua > -M -4 SIT J Wbm 1*11 I Bactrobal OO-lnno-Bm no i»s uai I +15 1 Hobok MM PMro «ao -m Ryl
        75 words
      • Article
        Zurich
        175 8 AUU IJ Actions T Unr MHB uneb Alunilav Rag 300 u Brown Duwl Br. UN -i neb i Clba O«i«7 Br. Clba Q*\fj P C Ota Oa«j Ref Crsdlt Sum Br Credit Sulaat Rag Bafctrowatl Br. O«om rue tor Br Globus Pc ir» -s MS -ft m BOO 10
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      • Article
        Amsterdam
        167 8 AUO 13 Fla ABU WTjOO -0J Ahold Akao AMEV Amtaa Amrobnk £3~ Ririi BorsumlJ Burhmann Caland Calve Delft EMI Mil 1X00 1X00 01J0 4030 53.10 TIM 4X10 «J0 16X30 53.00 38 JO moo oojo 13X00 -0l4 -0J +X7 unch unch IX -0.4 13 -SJ unch XI -0-2 -XX 1
        167 words
      • Article
        Milan
        73 8 230 JDJ ft in o*n UM S1SC Butofl 3H 13 Ctntrtlt ■MS ss# nu rinrtfl<f 1100 M 46 .1 0»n Immoto XWl M ItilctflwnU 1KB +19 ITJi 71 IUI«U It.l.uW HO IKM •M -05 uiimu m n T4t -a Hmii! be M*dtob Minluui UooMon zz, mm unci) Moua Bio
        73 words
      • Article
        TORONTO
        139 8 AUG U 3 AbtUM MH Akan *X> Alfotn* Bank Mont 41 *7* 1 41 Buu Norm Scout Ball T»1 17* unch B«Ui Corp BP CM Ltd Mvt Wt att Cunc in* Pf s Cmrtlnt OTUrt# uncb unch 1HB OtniaoQ Do® Store* WH !»<• unch Wmm Tur m Wi *<*
        139 words
      • Article
        JOHANNESBURG
        237 8 AUG U Rand INDUSTRIALS A Alpha OU Abcmxn *12 unch AX And CI m A MIC rOSB unch Btrton MM +M Cf Suft 1TM CNA 910 VOCh Cum* Flnancc 91 D» Bmti Ind Mi Ucoo I» M Edcar* MMB one» Inrw4> r*d Vol* MO rucit MTB Oardtan Ownanl QtiMu
        237 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      700 8 |/(^?%?$%,.|/)+,_*[%<\$_+!+~]]} "The American Express Card serves you well, wherever good food is served". 322 \ti w£ %i* i*! VM f*iULn for sushi. For teppanyaki. For other authentically Japanese delights. < 'n. j !<>r rt 'St 'M c;f;< >r i caii ✓cj\ JU§ CHIMIN I*j i i*U *">li« 'i*: in »i»
      700 words
    • Advertisement
      Page 8 Advertisements Column 2
      151 8 ftfc as good as going to Bangkok. *v r < ■y This is Thai Seafood at its authentic best So freah. it coukj have bean alive 15 minutes before coming to your tatria. It was. An enormous variety ot succulant seafoods expertly prepared by Thai chats in our tut char
      151 words
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  • BANKING AND FINANCE
    • Article
      Lock icon No burden on India's debt servicing
      210 9 Reuter A FIVE-BILLION SDR credit which India is seeking from the IMF would pose no danger to the country's debt servicing capacity. Finance Minister Ramaswami Venkataraman said that the IMF loan is being sought over a three-year period to meet the country's balance of
      Reuter  -  210 words
    • Article
      Lock icon Yen CD rates decline
      128 9 Reuter THE BANK of Japan said average interest rates of yen denominated Certificates of Deposit (CD) fell 0.01 percentage points last week to 7.50 per cent for a 120-day CD from the previous week's level, which was up 0.06 points over the preceding week. Fresh issues
      Reuter  -  128 words
    • Article
      THE PROFIT FACTOR
      283 9 THE Institute for International Research (IIR) in Singapore is organising a three-day conference on Strategies and Techniques in Modern Banking and Financial Services from Sep 22 to Sep 24 at the Mandarin Hotel. The subjects covered will concentrate on the revenue earning aspect of banking and it
      283 words
    • Article
      ABN rate
      24 9 The Algemene Bank Nederland NV will reduce its prime lending rate from 14 l /t per cent to 14 per cent today.
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    • Article
      Lock icon Still taking a cautious stance
      659 9 Reuter WEDNESDAY'S dramatic and sudden (all in the dollar has probably not shaken the Bundesbank's determination to maintain a cautious stance in reacting to the dollar's recent strength, bankers said. They added that in the foreign exchange market there was surprisingly little talk of bubbles
      Reuter  -  659 words
    • Article
      Mixed close on NYSE
      1120 9 NEW YORK STOCKS on Thursday closed mixed after trading in a very narrow range all day. The Dow Jones industrial average finished down about 0.86, although other indices finished fractionally higher. Declines and advances were virtually even at about 720 and 710 respectively and volume fell
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    • Article
      Lock icon Australia records balance of payments deficit
      321 9 Reuter AUSTRALIA recorded a As»l million balance of payments deficit In July as measured by aet official monetary movements alter fonr months of successive surpluses, the Statistics Bureau said. The deficit compares with an upward revised $112 million snrplas la June and a K2
      Reuter  -  321 words
    • Article
      Lock icon Controversy over new credit club
      639 9 NYT A NEW elite club has been established in the business world. Its members are companies that have obtained lines of credit of US$l billion or more. Within the last month or so, at least 13 giant companies have lined up $46 billion in credit
      NYT  -  639 words
    • Article
      Lock icon Complete faith in US dollar's strength
      663 9 Reuter IN SPITE OF the US dollar's sudden decline on foreign exchange markets on Wednesday, US economists and foreign exchange managers say it could remain strong for the rest of the year even if high US interest rates decline. They say the fall was
      Reuter  -  663 words
    • Article
      Lock icon KRUGERRAND SALES SOAR
      183 9 Reuter INTERNATIONAL Krngerrand sales rsne to 447,174 ounces in July, mure than double the 287,111 sold In June and well above the 2H,17* Mid In July Inst year. International GoM Corp said this Is the highest monthly sales figure since December 1179 when tKJUt one-ounce eolns were
      Reuter  -  183 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        418 9 THE US DOLLAR strengthened further against major currencies on the local money market yesterday. Opening at 2.1740, one and a half cents higher than Thursday's opening of 2.1590 against the Singapore dollar, the US dollar rose further to 2.1800 by afternoon. However, it failed to maintain the position
        418 words
      • Article
        GOLD
        396 9 SINGAPORE gold futures yesterday closed generally firmer than overnight levels in thin trading, dealers said. Opening quotations were marked up between US$2 50 and $3.50 an ounce following the metal's strength in New York on Thursday night where prices firmed on news Soviet forces plan to hold manoeuvres near
        396 words
      • Article
        Silver quotes
        43 9 T>«n Wt4 New York 907B 8 92B 9 27S 9.12S Zurich 8 97B 9 05B 9.17S 9 2SS Singapore FH 9 OOB imi 8.90B 9 20S 9 10S Closing price* in US dollar* a troy ounc Bl Source: Credit Suisse, S'pore.
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      • Article
        PLR
        22 9 THE nvernge rnte nt which major Singapore banks nre currently prepnred to lend to their best customers is 14.17 per cent.
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      • Article
        ASIAN $
        178 9 ASIAN ASIAN currency deposit Interbank rates as at close on Aug 14. U8 MUrMSwt) Offer M 7 days 18% 18% 1 month 19% 19% 2 months 19 19% 3 months 191/M 1815/18 6 months 19 1/18 1815/18 9 months 18 3/18 181/18 12 months 18 17% 8w.Fr*. Dm. IlliiJU 1
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      • Article
        Discount
        44 9 RANGE at prion offered by discount houses on Aug 14: Overnight Ti tot' r Call deposits: 6 J .<* to <<->9 CUh B«jtsf Selling 3-month Treasury bills 64 6H 3-month Bank bills 123/16 121/16 3 months CD 11W U 6 months CD 11* 11*
        44 words
      • Article
        HONGKONG
        160 9 THE US dollar yesterday steadied against most major currencies in thin late trading, ahead of the release of the US banking and money supply figures late yesterday, dealers said. The dollar ruled at a late 2.5310/20 marks, firmer than its early 2.5240/60, and was little changed at 2.1750 70
        160 words
      • Article
        TOKYO
        155 9 THE US dollar for overnight delivery yesterday closed firmer at 233.70 yen coinpared with a 232.60 opening here and a 232.25/40 close in New York overnight, dealers said. It was up sharply from a 230.80 finish here on Thursday. Trading was fairly active with volume US$l.O2 billion. After early
        155 words
      • Article
        London
        77 9 THE dollar yesterday edged higher in early trading here after opening above late Hong kong levels, largely on interest rate factors, but the market remains nervous over rumours of a realignment of the European Monetary System this weekend. Opening quotes yesterday: US 1.7940,50 Can 2.2114 37 Cross 1.2317 D
        77 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 17 to 21: Offered: $140,000,000 Applied far: $277,000,000. Allotted: $140,000,000. Accepted Mds: $96.38 approximately 85 per cent and higher bids in full. Average rale af dbcwaat aa aUetmeat: 6.400 per cent per annum.
        50 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      227 9 PRIMA LIMITED (FLOUR MILLS) (Incorporated in the Republic of Singapore) i INTERIM DIVIDEND AND HALF YEARLY REPORT ANNOUNCEMENT The Directors have today declared an interim ordinary dividend of 6% tax exempt on the issued ordinary capital of the Company payable on Ist October, 1981. For the purpose of determining who
      227 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1693 10 BID and offer prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acaa (1008 3.088)
    1,693 words
  • Article
    Unit trusts
    91 10 DIAMOND MOT ITOU (Mi■mum' ptow Mr A* It IT) Diamond S pore Fd U8S0 0.M IM in D4COMB BOND UNIT (Cmrmt prteam) Income Bond L* 1.43 Ull HI Mi Flrat B'putrm Second B'putrm Third BJwtrm Fourth B putrm Fifth B'putrm Sixth B'putrm Seventh B'putrm (A) Seventh B'putrm (B)
    91 words
  • Article
    SHARE INFORMATION SERVICE
    2721 10 1901 Hl«k Low Coapuj. Last Sale +orGr*s Dlv DW Crr Gr>s YTd Net P/E Vol (■000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 380 312 420 300 470 798* 875 430 300 130 181 330 80 380 329* 322 290 Aetna Alcom Allied Choc BAT Bat*
    2,721 words
  • Article
    In Kuala Lumpur
    1852 10 BID and otter prices nffiHaiiy listed and hinlin m in »nH reported to the Kuala I jmpir Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unifi otherwise specified. mnmibials aimm (IJBB 3.406) 344 (15) IM (13) 143 (1)
    1,852 words
  • Article
    LATEST RESULTS
    113 10 GROUP pre-tax operating profits after minority interests of Prima LM amounted to $8.32 million for the six months to June 1981 compared with $8.21 million the previous corresponding period. Turnover, however, was slightly lower at $92.57 million compared with $100.29 million previously. Local sales constituted 29.9 per cent
    113 words
  • Article
    Previous day's gains erased
    658 10 GAINS BBade sa Tharaday were wwi as prim Ml 6|»lb at the Stack Exehaage ef yeaterday. The market was aatto steady la the flret haK hear sf tradlag bat Bght seUiag aaaa hraaght the Straits Thaea ladastrial Ma dm the^antrMeaT^rTeirtrM still weak aad by the ead
    658 words
  • Article
    Downturn in K. Lumpur
    629 10 THE KL market took a turn for the worae yesterday as interest diminished leaving prices mostly lower. The downturn came despite some support on Thursday but it was clearly of insufficient strength to have much effect on the market. Sentiment remained weak with most sectors going
    629 words
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  • COMPANY NEWS
    • Article
      Sin Chew is optimistic
      280 11 SIN CHEW Jit Poh (Singapore) expects to set a new record in its pre-tax earnings for this year. The group, which turned in bumper profits of $5.8 million in 1900, is confident of improving on this performance. Already, its interim results for the six months ended
      280 words
    • Article
      MWE SEEKS LIFTING
      96 11 MWE Holdings Berhad has asked the Kuala Lumpur Stock Exchange to lift the suspension on the trading of the company's shares. In an announcement yesterday, it says it will hold an extraordinary general meeting on Sep 1 to enable shareholders to decide on the acquisitions of Bulk
      96 words
    • Article
      High and Low down
      218 11 PLANTATION graap Hlghlaads aad Ltwlaadi hM reparted itemlillai midterm remit* U Jue M, 1181 aad Its directors are expertlag a farther redaction In the emrreat tall year. lie laterlm re pert Atm utadM pre Hi preflt 21 per eeat tower at MSUJ4 mllllea ($23.88 mllltoa), which
      218 words
    • Article
      Haw Par attractive
      833 11 SHARES of widely-diversi-fied Haw Par Brothers International offer one of the best investments in the commercial sector of the fast-growing South-east Asian markets. According to a special study prepared last month by London stockbroker James Capel aad Campaay, Haw Par's balance sheet is extremely strong, the level
      833 words
  • ASIAN STOCKS
    • Article
      Shares close firmer
      304 11 HONGKONG THE stock market yesterday was encouraged by the steadiness of the local dollar, dealers said. The Hang Seng index closed 15.43 points up at 1,694.75. The biggest mover of the day was San Miguel Brewery Ltd which rose to $16.40 from $13.40 on takeover talk, the
      304 words
    • Article
      Tokyo stocks rise
      299 11 SHARE prices yesterday rose on selective buying in bargain-priced blue chips with market sentiment enlivened by increased foreign purchases, dealers said. The market average gained 22.83 to close at 7,976.40 in active trading volume of 520 million shares. The Tokyo Stock Exchange index added 1.77 to 602.54.
      299 words
    • Article
      Bangkok
      52 11 SELLING pressure yesterday pushed share prices mostly lower in slow trading, dealers said. AUG 14 Batata IHmlofr Bank Bant Of Ayudnay* I m m gnrti -1 CDaroonc Ttaal fflrt m ♦4 Induaoial rinacrywp m unch si -LS 8*ha Union 8lui Cement M7 in 4-1 -4 is Thai Danu Bank
      52 words
    • Article
      Manila
      50 11 THE stock market yesterday closed higher as turn- over rose to 7.8 million pesos from 2.3 million. Mirtnduquc B «.M -0 4 OrlenUl B 046 4-OuOM PhU Omaeu tat OjOO» Phil*x B IMS -0-006 PT.pr *n» ■LB Poctco B m UDCh ten Mlfuel B sxn *0.4 ooax OMpbll uoch
      50 words
    • Article
      Sydney
      383 11 A FURTHER influx of foreign capital helped yesterday's market hold most of its recent gains as traders digested another dose of interest rate rises, brokers said. Banks and selected oil and metal stocks advanced but property developers and building material groups tended easier as rates on housing loans, government
      383 words
    • Article
      Selected indices
      52 11 FINANCIAL TIMES INDUSTRIALS Thursday 581.4 Wednesday 587.0 Week Ago 334.4 DOW JONES AVERAGE INDUSTRIALS Thursday 944.35 Wednesday #45.21 Week Ago 962.91 H.K.HANG SENG Friday 1804.75 Thursday 1879 32 Week Ago 1718.15 AUSTRALIAN INDUSTRIALS Friday 113-4 Thursday 712.8 Week Ago 104.0 ALL ORDIN ARIE8 Friday 855.5 Thursday 865.5 Week
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      166 11 METRO HOLDINGS LIMITED (Incorporated in the Republic ol Singapore) RIGHTS ISSUE OF 5,028,000 SHARES OF $1.00 EACH AT $4.00 PER SHARE Shareholders of Metro Holdings Limited are hereby informed that the Directors' Circular Letter, Provisional Allotment Letter and Excess Shares Application Form relating to the above Issue have been despatched
      166 words
    • Advertisement
      Page 11 Advertisements Column 2
      640 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
      640 words
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  • Article
    Steamers helped by property sector
    513 12  -  By KOH TSE YING HIGHER property earnings helped to boost the interim results of the Straits Steamship group as contributions from the shipping trade took a dip. Both Steamers and its listed subsidiary, Ben and Co, faced the effects of competitive pressure and slower growth
    513 words
  • Chief Price Changes
    • Article
      SINGAPORE
      132 12 Rises Skanari-La P MHMfi Oriental HM|i Siena Metal Ptriaount Fed Cable* UOL Loan Sia Ckew Robiaaoa 750 520 TOO 156 500 109 M 416 256 20 20 15 9 6 5 5 4 3 Falls Keaipa* M U I Hoaf Leoag lad Textile Corp PMC Set Properties Strait* Trading
      132 words
    • Article, Illustration
      KUALA LUMPUR
      149 12 Falls Gopeng Con M Cement Aofcam Killingh&ll Town 4 city HLInd UM Works MUInd Promet G Kent (M) C Sugars Gen ting Taiplng Text Pegl Tan Chong 2300 1000 360 2600 520 1740 630 1500 430 600 1490 735 404 450 510 -800 -310 -140 -100 -80 -70
      149 words
  • Article
    City Securities getting ready for business
    363 12 THE lUekbrtklii e»turn ulty will seen be welcoming its 24th member. City Beearttlee, to «pea far fcadaeas la October, Is mw galag (hmgk the last stages *f beesadag a member sf the Stock Exehaage af Stogapare. The twe feaadlag members sf the firm, Joseph
    363 words
  • Article
    Advice to accept cash offer
    769 12  -  MUI-GOODWOOD AFFAIR I ««Ml Companies Editor: Mano Sabnani By HSUNG SEE HWA MALAYAN United Industries is unlikely to get more than a handful of shares from minority shareholders of Ming Court Hotel (MCH) and Hotel Malaysia (HML). Standard Chartered Merchant Bank Asia Ltd, adviser to
    769 words
  • Article
    GIH MAY SELL TANKER
    333 12 THE depressed charter market for tankers and the resultant losses is causing Growth Industrial Holdings to consider the sale of its 34,000 dwt tanker, Growth Venture. Since the expiry of its time charter last November, the vessel, operated by GlH's subsidiary, Trans Eastern (Pte) Ltd, has
    333 words
  • Article
    LONDON STOCKS
    789 12 LONDON, Fri. Share prices closed firmer today after a mixed opening In quiet trading ahead of the weekend, dealers said. At 3pm, the Financial Times index was up 6.9 points at 568.3. Electricals continued to feature among leading industrials with Racal up 22p at 475p, GEC 15p higher
    789 words
  • Article
    Lock icon DOW JONES MIXED
    85 12 AP NEW YORK, Thurs The stock market was mixed today, showing littlr response to some favourable inflation news. The Dow Jones average of 30 Industrials slipped 10 points to 944.25 in the first half hour. Before the opening, the government reported that the producer price index of
    AP  -  85 words
  • Article
    TRADING IN HUME SHARES TO RESUME
    285 12 AFTER nearly two weeks under suspension, shares of Hume Industries (Far East) and Hume Industries (Malaysia) will resume trading on the Stock Exchange of Singapore (SES) on Monday. Both companies requested a lifting of the suspension early yesterday morning and approval was granted in
    285 words
  • Article
    Property master
    969 12 mmm Bffl® THE opening day of 1981 stands as a Landmark in the history of Hongkong: a Chinese businessman took over as taipan, or "great manager", of one of the old establishment hongs, or old established Britishowned trading houses. It was no more than a small landmark, because
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      62 12 GOIN6 PRACTICE WANTED A firm with an in-house computer and specialising in business computer systems wishes to acquire going practice in accountancy, management consultancy or other related field of commercial activity with an annual intake (fees) of between $50,000 to $100,000. Partnership also considered. Please write giving a brief description
      62 words
    • Advertisement
      Page 12 Advertisements Column 2
      289 12 What will your Children become? Young minds absorb knowledge. All the learning in Time-Life Books is the foundation upon which useful lives are built. Do you want your family to have this benefit? The TIME LIFE LIBRARY is a full learning programme. Nature, Science, Culture are the areas covered. A
      289 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 WEATIHER Outlook for Singapore from 6am to lpm today: Fair and warm becoming hot and sunny by late morning. Report for U kwrs prior to 7J9 pm on Aag 14 at the airport. Maximum temperature 33.1 Associated humidity 55 Minimum temperature 26 6 Associated humidity 91 Hours of sunshine Rainfall
      67 words
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  • LEISURE TIMES
    • Article, Illustration
      UNSURPASSED CHARM
      1049 13  -  COLLECTING A good artist can, from black ink, produce five different shades of black in one brush stroke. KS wishes to share with us his passion for Chinese paintings. Here he discusses the two main types of Chinese paintings Gun Pi hua and Xie Yi hwa. Gun Pi
      1,049 words
    • Article, Illustration
      Inquisitive souls
      518 13 FACED with the prospect of having your innermost desires fulfilled but Lacking the courage to believe that your real wishes may not be the worst part of yourself, you may well ask: "How do I know I want what I want?" The Stalker (1979), a Russian epic film
      518 words
    • Article, Illustration
      Green-eyed!
      693 13 JEALOUSY has been described by Freud and by Margaret Mead as the consequence of threats to self-esteem; and by Darwin as the operation of the monogamy instinct. It has also been described by various others as a reflection of guilt, the fear of loss, the replaying of the oedipal
      693 words
    • Article
      NATURAL FLAVOUR
      458 13  -  SIOW LI SEN HONGKONG M Mb an flaally >r>h| the vtnlag ripi ea toe nil: I yea mat to eat aad still Bve, mom Wap have to ga. Lard, aa lagredteat all pal CM— casks we, is ea Ito way «L Vegetable ell, Uke peaaat all, la aaed
      458 words
    • Article, Illustration
      Anticipated victory
      777 14  -  By CHARMAINE CHAN SINGAPORE has a very good chance of winning the 1961 Singapore Open Amateur Golf Championship, which will be held at the Bukit course from Aug 20-23, especially since the Indonesians are not coming. The Indonesians, who kept the title among themselves for the last three
      777 words
    • Article
      YOUR WEEKEND SPORTS
      360 14 TODAY GOLF: Sembawang: The second 18-holes in the Sembawang Country Club's Club Championship Tournament will occupy the course this morning. P M Samy is leading after recording a gross 76 during the opening round of this 54-hole strokeplay tournament on Monday. SICC: The semi-finals for the Race
      360 words
    • Article
      Retirement?
      46 14 FORMER world driving champion and Indianapolis 500 winner Mario Andretti said lie may retire from Formula One auto racing at the end of the season. Andretti, 41, of Nazereth, Pennsylvania, said he would continue racing in the US and possibly in European sports car races.
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    • Article
      Cutting back on mass participation events
      568 14  -  CHARMAINE CHAN PESTA SUKAN 1981 has been trimmed down as far as mass participation events are concerned but six new sports have been incorporated, making a total number of 46. There will no longer be a national walk and national cycling event. What remains
      568 words
    • Article, Illustration
      PETANQUE PLAYERS
      792 14  -  It's fun, it's cheap and it's easy enough to learn. The name of the game, reports SALMA KHALIK, is the French sport of petanque. mm SALMA KHALIK, THEY say it is easy all you have to do is take the ball and throw It as near to the
      792 words
    • Article
      Likely winner of 7-UP Waterski Championships
      297 14 EPaklppers leaks all set ta eaptare the IKI 7-UP Waterski Ckampleasklps. Alter two twr— meato, the teem captalaed by Richard Ea it Is ijm palate ahead af secead-placed team, Valve Peata. Last year's ehampiea, Starakto, la la third place. The team's lacklaatre perfennaace to
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    • Article, Illustration
      Your turn to forgive and forget, FAS
      875 14  -  By RONALD KOW EXCEPT for the four suspended senior players, it appears that the national football team is back at full strength to prepare for the Merdeka soccer tournament. There is still time. The squad can be back at preMalaysia Cup final* condition
      875 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      528 13 WHAT WHERE FILM SHOWS FBOM Bwte wtth Lm, one of the first Bond films, will be screened tomorrow at the Hilton Movie House. There will be s first drink charge at |8.50 plus taxes for non-diners. s Over at the Holiday Inn, on the same day, is NavajM Jm. Starring
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