The Business Times, 22 August 1981

Microfilm: NL11220
Total Pages: 14
1 14 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, AUGUST 22, 1981 60 CENTS
    11 words
  • Article
    Singapore and US sign air worthiness pact
    201 1 A BILATERAL airworthiness agreement that will give an important boost to the Singapore aerospace industry was signed yesterday by the governments ofSingapore and the US. The agreement was signed by Minister for Trade and Industry Dr Tony Tan Keng Yam and US Ambassador
    201 words
  • Article
    Futuristic city
    74 1 IN AN article entitled "Mil.6 billion futuristic city" yesterday, we said that Mr Wee Cho Yaw, United Overseas Bank chairman, was related to Mr Wee Boon Ping, chairman of Kim Chuan Seng, the company involved in the project. We have since been advised by Mr Wee Cho Yaw's
    74 words
  • Article
    Heart of productivity
    674 1  -  By WANG LOOK KEAH FOREIGN investors and investments, and not local entrepreneurs, have been the vital engine for Singapore's growth. "If we had to depend on Singapore entrepreneurs, we would not have today's Singapore," said Prime Minister Lee Kuan Yew at the National Day rally on Sunday.
    674 words
  • Article
    German insurer plans big stride into Asia
    458 1  -  By LEE YOKE MENG ALLIANZ Versicherungs AG, one of the biggest insurers in Europe, plans to use its Singapore base to penetrate the neighbouring countries. So far, the Allianz insuring network has been concentrated in Europe and North America, with a few offices
    458 words
  • Article
    Pinch of higher premiums
    181 1 BUYERS of motor policies are beginning to feel the pinch of higher premiums. The squeeze on them will become harder when motor insurers start to tighten their accounts and to adopt a more selective approach to clients. Some general insurers here are believed to be cutting
    181 words
  • Article
    Call on SBS to study shift workers' needs
    386 1  -  By WONG AI KWEI THE German Business Group in Singapore (GBGS) has suggested that Singapore Bus* Service conduct an updated survey on the transport needs of shift workers. GBGS president G A Pourroy feels that the "existing routes are insufficient to provide
    386 words
  • BRIEFLY...
    • Article
      Lock icon Interest in Rollei
      96 1 AFP BAD KREUZNACH, West Germany, Fri. The West German firm, Jos Schneider Optische Werke AG, is interested in purchasing the optical division of Rollei Singapore, Mr Martin Leder, of the Schneider management, confirmed today. He said that his commpany was holding "exploratory talks" with the judicial administrators
      AFP  -  96 words
    • Article
      Lock icon Electronics progress
      108 1 AFP NEW DELHI, Fri. India has made considerable progress in developing its electronics industry in recent years and has the potential to capture a sizeable share of world software markets, participants in a seminar here noted today. Dr N. Seshadiri, a director in the department of electronics, noted
      AFP  -  108 words
    • Article
      Lock icon Not easy for Tokyo
      79 1 UPI TOKYO, Fri. Japan told South Korea today it would not be easy for the Tokyo government to comply with a South Korean request for US$6 billion to finance a five-year economic plan. Foreign Minister Sunao Sonoda made the position clear to his South Korean counterpart
      UPI  -  79 words
    • Article
      Development plan
      83 1 SEOUL, Fri. South Korea today announced its fifth economic development plan, envisaging an average 7.6 per cent annual economic growth in real terms from 1982 to The rate, which had previously been forecast as 7.5, compares with an average 5.6 per cent per annum during the fourth five-year
      83 words
    • Article
      Lock icon Textile quotas
      81 1 AFP JAKARTA, Fri. Indonesia has for this year been allocated export quotas totalling five million trousers, blouses and shirts by 10 European countries, the director general of Multifarious Industries, Kusudiarso Hadinoto announced here. The quotas have been set by Belgium, the Netherlands, Luxembourg, Great Britain, Italy, France, Ireland,
      AFP  -  81 words
    • Article
      Lock icon Japanese output
      49 1 UPI TOKYO, Fri. Japan's industrial production rose 2.6 per cent in June over the previous month, revised government figures show. The Ministry of International Trade and Industry put the seasonally adjusted June index of industrial output at 146.1 against a base figure of 100 for 1975. UPI
      UPI  -  49 words
  • Article
    Inflow of capital at all-time high
    472 1  -  By ALVIN TAY THE flow of capital into the Republic reached an all-time high of $3.4 billion last year, reflecting the strength of the economy and confidence in the Singapore dollar. A large overall surplus of $1.4 billion was thus recorded in the overall
    472 words
  • Article
    Bulls continue their charge
    210 1 SHARE prices moved up again at the Stock Exchange of Singapore yesterday in what appeared to be a game of sea-saw between the bulls and the bears. In the end, the bulls ended up a little bit higher as was reflected in the 30stock Straits Times
    210 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      225 1 Bookshops mm WM THE volatile performances of the stock markets in Malaysia and Singapore in the last few weeks partially reflected the uncertain mood surrounding the coming "Mahathir era" Page 12 PALMCO Holdings agrees to buy two pieces of land for M 514.3 million.... Page 12 MERCHANT banks registered an
      225 words
    • Advertisement
      Page 1 Advertisements Column 2
      202 1 Swing With A Perfect 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'lo'. These new-design woods and irons were created expressly to
      202 words
    • Advertisement
      Page 1 Advertisements Column 3
      2 1 Leader...page S
      2 words
    • Advertisement
      Page 1 Advertisements Column 4
      56 1 SINGAPORE FOR PEOPLE WHO MATTER A 'efi Alun&igwe&i i 5 Atunlincfur&ft. b < Talkton *v V GROUND THE WORLD... MUNSM&NBK&HurisIMS U&A IK SYMBOL OF QUALITY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. MUNSINGWE4R Today's best-seller in active sportswear So»e Agent
      56 words
Page thumbnail Page 2
  • OVERSEAS
    • Article
      Lock icon Wall St doubts budget forecast
      767 2 BIGGER DEFICIT EXPECTED NYT WALL Street seems to have concluded that the Reagan Administration will (ail in its goals of holding the 1982 budget deficit to U5542.5 billion and balancing the budget two years later. An administration official conceded earlier this week that the deficit
      NYT  -  767 words
    • Article
      Lock icon GERMAN DEFICIT EXPECTED TO FALL
      175 2 Reuter THE West German current account payments deficit will probably fall to around 25 billion marks this year from last year's 29.8 billion last, the IFO Economic Research Institute said. Next year will see a further fall, probably to between 10 and 15 billion marks,
      Reuter  -  175 words
    • Article
      Lock icon UK company buys Pan Am subsidiary
      455 2 AP PAN American World Airways (PanAm) has announced that it has agreed to sell its hotel subsidiary, Intercontinental Hotels, to Grand Metropolitan Ltd (GML) of London for US$5OO million PanAm's directors, meeting late lntd Thursday evening in New York, approved the sale to GML,
      AP  -  455 words
    • Article
      Lock icon Volcker believes interest rates will go down
      294 2 Reuter PAUL Vsicker, chairman st the Federal Reserve Beard (Fed), believes the aext majsr meve la laterest rates will be dswaward. The head of America'* eeatral baak saM that US Mgas si slewlag, ss has the pc—leadiag him ts expect apward pressare sa
      Reuter  -  294 words
    • Article
      Lock icon Opec appeals to Saudi monarch
      675 2 Reuter OPEC countries pUed political pressure on Saudi Arabia on Thursday night to push up its oil prices. Leaders of the major oil producers contacted King Khalid to press him to let Saudi Arabia's price go up to $35 a barrel. United Arab Emirates Oil
      Reuter  -  675 words
    • Article
      Lock icon Apartment with computer
      287 2 AP k NEW apartment project In Manhattan. New York, claims to be the first in the world to offer the ultimate in built-in appliances a computer terminal. Jonathan Roee, president of a group of private investors which is renovating the 1894 New York Wool Exchange Building, said
      AP  -  287 words
    • Article
      Lock icon Soviets delay developing gas field
      368 2 NYT THE Soviet Union, in a shift of its natural-gas strategy, has disclosed that it is delaying the development of a new Siberian field that was to be a major supplier of gas to West Germany and other European countries. Instead of proceeding with the
      NYT  -  368 words
    • Article
      Lock icon Neutron bombs for Rhine army?
      162 2 AP US Defence Secretary Caspar Weinberger is in London to ask the British government to equip artillery units of the British army in West Germany with the neutron bomb, the Guardain newspaper reported yesterday. There was no immediate comment from US or British officials. The
      AP  -  162 words
    • WORLD IN BRIEF
      • Article
        WATCH THIS SUCCESS
        427 2 INDIA is exporting watches to Switzerland, home of the time machine. The stateowned Indian company, Hindustan Machine Tool (HMT), which commenced export to Switzerland about six months ago, has so far sold about 10,000 watches, economic newspaper Financial Express said. Indian watches are in good demand in
        427 words
    • Article
      Lock icon Thomson-CSF says tie-up with foreigners vital
      363 2 AFP THE French electronics giant Thomson-CSF was obliged to collaborate with Japanese and US companies to push its advanced videodisc equipment. Thomson president JeanPierre Bouyssonnie said this when commenting on the seizure by French union activists of 30 crates of Japan-bound Thomson video-disc components
      AFP  -  363 words
    • Article
      Lock icon China to levy VAT on some products
      158 2 Reuter CHINA plans to apply value added tax (VAT) to some of iti products to eliminate clumsy multiple taxation which is hindering specialisation. This would be the latest of a number of Western-style industrial reforms announced by the post-Mao communist government in an
      Reuter  -  158 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      729 2 ARRIVALS Service Local Operator Number Tune From PAA CAL Cargalux MAS SIA MAS MAS MAS SIA MAS CAL CPA G1A SIA CIA PAL SIA SIA MAS SIA MAS RBA SIA SIA GIA KLM MAS LUFT GIA THAI MAS CAL SIA SIA SIA SIA SIA MAS JAL GIA
      729 words
    • Article
      Lock icon US no pushover, says Reagan
      487 3 AP PRESIDENT Reagan says he personally ordered the US Navy to challenge Libya's territorial claim and conduct manoeuvres in disputed waters to show "America has the muscle to back up its words." Reagan, who spoke after a three-hour tour aboard the aircraft carrier USS Constellation,
      AP  -  487 words
    • Article
      Lock icon Mixed trading for dollar and gold
      193 3 UPI EARLY trading on gold and money markets was mixed yesterday as exchange dealers adopted a wait-and-see attitude on the Opec meeting in Geneva. Gold gained US$l in Zurich, opening at $429.50. In London, bullion fell 50 cents, down from a close of 1430.
      UPI  -  193 words
    • Article
      Lock icon Overseas education
      198 3 Reuter MALAYSIA'S largest Chinese-based political party said it might try to acquire reserved places in overseas universities for Malaysian Chinese to help overcome stringent university entrance quotas at home. Datuk Lee San Cboon, president of the Malaysian Chinese Association (MCA), said the party was considering paying part of
      Reuter  -  198 words
    • Article, Illustration
      SHIPS IN PORT
      480 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (0700 tide after Cherry Manis A Cherry Sindia) 29/30 Annoula (0600 after Fushimi Maru hauls) 33/34 Atrevida (after Lampung sails k Bunga Tanjong hauls) 6/7 Arista geloe (after Annoula) 33/34 Bunga Tanjong (2530 hauls 35m East) 8/9 Equator (0700) 22 Fushimi
      480 words
    • Article
      KL union wants to represent staff
      306 3 THE Malaysian government will look into the peculiar situation of Malaysian workers in Johore employed by the Public Utilities Board but who are organised by Singapore trade unions. Mr T Narendran, president of Cuepacs said in Kuala Lumpur yesterday that by right these workers
      306 words
    • Article
      More civil service reforms
      257 3 THE PUNCH clock may be just the first of a number of changes to be implemented in the Malaysian government service. Under consideration are the replacement of tea breaks by having tea ladies or tea boys in every office, doing away with canteens that do not
      257 words
    • Article
      Lock icon Western nations accused of delaying sea treaty
      179 3 Reuter INDIA yesterday accused industrialised countries of creating obstacles to delay adoption of a convention on international seabed resources. In a statement to Parliament, External Affairs Minister Narasimha Rao named the US, Britain, France and Japan as the countries blocking the treaty. The
      Reuter  -  179 words
    • Article
      Lock icon IMF team leaves Egypt
      111 3 Reuter AN INTERNATIONAL Monetary Fund (IMF) delegation left Cairo yesterday after four days of talks on Egypt's request for an extended credit facility of 600 million Special Drawing Rights (US$67O million). The director of IMF's Middle East operations. Dr Abdel-Shakour Shaalan, said the talks are going
      Reuter  -  111 words
    • Article
      Lock icon Mahathir's 'Dilemma' goes on sale in M'sia today
      280 3 Reuter MALAYSIAN Prime Minister, Datuk Sen Mahathir Mohamed's controversial political book, "The Malay Dilemma", goes on sale throughout Malaysia today, after the lifting of an 11year ban. The book, with advance orders of 11,000, is an automatic best-seller, according to publishing industry
      Reuter  -  280 words
    • Article
      Lock icon Tokyo carmakers to check trade in fake parts
      508 3 AP JAPANESE carmakers are trying to stop the flow of "imitation" spare parts emblazoned with bogus trade marks to countries in South-east Asia, West Asia. Canada and the US. They believe most of the parts are coming from Taiwan. Falsely-labelled car parts
      AP  -  508 words
    • Article
      Lock icon Japan's car sales fall
      198 3 AP EXPORTS by Japan's two largest carmakers to their biggest markets, Europe and the United States, dropped again in July as government curbs imposed after strong pressure from the US began to bite. Exports by Toyota Motor Co, Japan's largest carmaker, totalled 149,343 units, a 7.7
      AP  -  198 words
    • Article
      Lock icon KANGAROO MEAT IN BEEF CARTONS
      278 3 UPI KANGAROO as well as horse meat has been found in cartons of beef destined for export to the United States. The Australian Minister of Primary Industry, Mr Peter Nixon, said in Canberra yesterday that the kangaroo meat was found in samples from a Melbourne
      UPI  -  278 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      153 2 A HAMLYN BESTSELLER SECRETS F. Lee Bailey A beautiful woman disappears mysteriously and a top lawyer is accused of her murder. During his brilliant career, Michael Kilrayne had made many enemies. And several highly influential people seize the chance to get back at the man who has proved them guilty.
      153 words
    • Advertisement
      Page 2 Advertisements Column 2
      1 2 t
      1 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      109 3 HON 1 THE NEW RENAISSANCE IN WATCHES 1 r L'/ foJiV, v 2 w •rim «*s> pn^i V_ -i.\l #5 F.-R J| i 'W mmt —-f— f 4Li .Tja*. i .-V M fe MOTP i -t sfflfrs* *i€sfsj f ?rr_~Ty. i- .c-' *3!&% bi-WV"-'/ :r-c r n UN'VFRSA'. C-FNF.Vt £v.
      109 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      Lock icon Soviets resigned to having more grain imports
      856 4 Reuter AFTER planning for a nearrecord crop this year, the Soviet Union now appears ready to import record amounts of grain as a result of its third poor harvest in a row. The official Kremlin target for 1981 was a crop of 238
      Reuter  -  856 words
    • Article
      Lock icon US cotton trade team expects M'sia to increase imports
      212 4 Reuter A US cotton trade delegation expects Malaysia to increase the US share of its cotton imports following talks in Kuala Lumpur with local spinners and textile manufacturers, a delegation spokesman said. The US team, which arrived from Jakarta via Singapore
      Reuter  -  212 words
    • Article
      Lock icon European zinc price lifted
      424 4 FT A RISE in the European producer price (or zinc from US$925 to $1,000 a tonne was announced recently by Cominco at Canada. It is the third increase this year the price rose by $50 to $875 in April and to $925 in May and follows
      FT  -  424 words
    • Article
      Rubber trades active in fair turnover
      267 4 DESPITE the interruptions by various festive holidays, locally as well as overseas, trading has been active with turnover fair to good on most days. Levels finally finished the period some 4 Vi cents down in Singapore, whilst in Malaysia, a gain of 4'A cents
      267 words
    • Article
      WHEAT
      136 4 WHEAT futures in Chicago on Thursday closed weak, off seven to 3US cents per bushel, near the bottom of a nine to ten-cent rangel. Trade talk of renewed country movement in the Western winter wheat belt and weakness in Kansas City hard wheat futures kept Chicago soft winter wheat
      136 words
    • Article
      SOYBEAN
      149 4 SOYBEAN futures in Chicago on Thursday closed on a weak note, off 5V* to 10 US cents per bushel, near the bottom of a 10 to 13 cent range. Prices eased afte.- August expired in featureless trade, failing again to fill a chart gap around 715 basis November, a
      149 words
    • Article
      Produce exchange
      175 4 CHINESE Pridiee Exekugt, flag»parr, mm eMag prices per 188 kg yesterday. Cin—t ail: Bulk fob 1122.50 sellers, old dram (In second hand dram) fob $136.50 sellers, new dram fob 1141.50 sellers. Cipti: Mixed (loose) ***** buyers. Pepper: Muntok white pepper fob Asta NL W $372.50 sellers, Sarawak white
      175 words
    • Article
      TEXTILES
      192 4 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cittia yarn: China Blue Phoenix 20K 2,400; 32s 2,840. 40s 3,000 (per bale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq Five Lambs unq; Flower and Butterfly
      192 words
    • Article
      RICE
      332 4 BINGAPOMS: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.38, 100 per cent second class 1.11 100 per cent third class 1.10, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.78. Special
      332 words
    • Article
      Straits Tin
      102 4 THE STRAITS tin price In Peaaag yesterday firmed If cents to M$S5.2l a Idle, meviag late the IT A range wlthla which the buffer ■tech maaager Is required te he a act seller, dealers said. Hewever, dealers failed te detect aay ita selllag despite higher dispsesla ef metal.
      102 words
    • Article
      CLOSING PRICES
      34 4 Rubber: Aug 21 Singapore: Sept: 230.60 cents (up 2.00 cents) Malaysia: Sept: 259.00 cents (up 1.00 cent) Tin: M 535.21 per kilo (up 70 cents) Official offering: 268 tonnes (up 92 tonnes)
      34 words
    • Article
      Duty rates
      84 4 THE Malaysian Minister of Finance has fixed these rates (or the period from Aug 20 until further notice: Ball her: 243 cats a kilo for RSSOne; Csfra: MJ727.50 a tonne; Palai kernel: $955.75 a tonne; White pepper: $3,271.40 a tonne; Stock pepper: $2,116.00 a tonne; The rates of
      84 words
    • Article
      LONDON MARKETS
      832 4 COFFEE: Robusta coffee futures yesterday found support at the lower levels on stoploss buying but still ended the morning round £15 to £8 lower per tonne, dealers said. Futrures hsd opened around £20 to £14 a tonne lower in line with Thursday's New York close where the market
      832 words
    • Article
      PALM OIL
      128 4 THE Kuala Lumpur market yesterday closed slightly lower in quiet trading on light selling ahead of the weekend, dealers said. In August, central was traded unchanged at MsB9s a tonne while north eased $15 to $900. In September, south dropped $10 to $865 while in October, south and
      128 words
    • Article
      RUBBER
      210 4 RUBBER prices In Singapore yesterday closed slightly higher with September One RSS buyers quoted at 230.50 cents per kilo, up two cents from Thursday's close. Morning prices were marked up slightly on trade buying, covering demand and shelling pressure. Afternoon prices were initiallly steady but eased slightly subsequently as
      210 words
    • Article
      RAS PRICES
      316 4 RAS prices in cents per kilo yesterday Nooo (per kilo) Buyers Setters Int. 1 R S.S. prompt f o.b. ***** *****N Int. 1 R.S.S. September 231 00 ***** tot 1 R.S.S. October ***** 233.00 tot. 2 R.S.S. 204 00 206 00N UK Coot 303.00 304.00N tot. 3 R.S.S
      316 words
    • Article
      SSR and SMR
      84 4 NOON 98) KalSMI|riai]« Herder Ul SSRJO SSRSO Witt liHw (Cm hi ■Nil 1MM 1M.00 ■Mr lMlfc> 100JON I MOON Odtk (hrwtri li)m n«t« 1M00 •r MM) ■i»li SOUOK MOON SMRCV SMR L SMR» SMR CP SMR 10 SMR W SMR to <l-taa palM) (1-toa pa&tt) U-taapMM (l-taa
      84 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      325 4 Pu melt's Pictorial Encyclopedia of Nature This lavishly illustrated volume containing a wealth of information in a new approach to children's nature encyclopedias. The book has been specially written and designed by experts to encourage an interest in nature by first introducing the reader to the animals that are easy
      325 words
Page thumbnail Page 5
  • TRADE AND INDUSTRY
    • Article
      Condominium perspectives
      627 5 SERIOUS problems may arise when condominiums come to the end of their lives. Difficulties usually arise when the buildings are ready for re-development, but the management corporation is unable to gain unanimous consensus for redevelopment. Mr Wan Fook Kong, partner in Jones Lang Wootton Singapore, said this problem
      627 words
    • Article
      The setting is different
      442 5 CONDOMINIUM living does not necessarily mean luxury living. In fact, life in a kampong is basically condominium style living in a rural setting where land and amenities are communally shared and the headman is the management. Conversely, modern condominiums may be seen as a transfer of
      442 words
    • Article
      Onus on the developer
      236 5 AS land prices and building costs have been rising continuously, it is only reasonable that the responsibility of private developers in buildinfe low-cost housing should be limited to the extent that they are able to keep their development costs down. Land is the basic factor in
      236 words
    • Article
      Seoul tourism gets a lift
      239 5 THE Korean National Tourist Corporation has drawn up a masterplan to strengthen its tourism industry following the decline in tourism in 1979 after the assasination of the late President Park Chung Hee. Mr Ha Dae Don, president of KNTC, who is visiting Singapore as part
      239 words
    • Article
      SCOPE FOR THE BLIND
      154 5 THERE should be a gradual but definite move towards further expansion of areas of work and training for the blind. Mr Sidek bin Saniff, Parliamentary Secretary (Trade and Industry and Social Affairs), made this observation in his speech at the Open Day of the Singapore Association
      154 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      124 5 Alan G Terry has been appointed general manager of John Lysaght (SEA) and BRC Weldmesh (SEA). Mr Terry first came to Singapore as marketing manager of BRC Weldmesh in February this year after about five years' service with the parent company, ARC Industries, where he was most
      124 words
    • Article
      MEMO PAD
      735 5 SEMINARS AND COURSES Aug 3-Sep 7: Microprocessors Module 1 8080 A, Cuppage Centre, NPB Aug 4-28: Basic Industrial Hydraulics, Cuppage Centre, NPB Aug 12-Sep 25: Certificate in Organisation and Management of Maintenance Systems Part I, NPB Cuppage Centre, NPB Aug 15, 22, 29 and Sep 5: Wage Salary
      735 words
    • Article
      Philippine trading company plans office
      292 5 A MAJOR Philippine trading company will soon open an office in Singapore to spearhead its trade in Asean markets. Ultra International Trading Corporation, a member of Construction and Development Corporation of the Philippines (CDCP), initially planned to set up an office here this month. Mr
      292 words
    • Article, Illustration
      COLD STORAGE BOOSTS R&D
      403 5  -  By RICHARD SEAH COLD Storage has formed a new research and development company to help its manufacturing arm increase exports to Europe, America and Asia. CS Research and Development was «corporated about three months ago with an authorised capital of $1 million. A research team comprising
      403 words
    • Article
      Vehicle inspection fees
      354 5 THE Automobile Association of Singapore and Vehicle Inspection Company (Vicom) have jointly proposed to the Registry of Vehicles a fee for the compulsory inspection of vehicles next year. Officials of both companies, who made this point at a press conference yesterday, said they have not received an
      354 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      126 5 The Straits Times 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 you need a name to
      126 words
Page thumbnail Page 6
  • Article
    Employers have key role to play
    375 6 INCREASED productivity is not just a fashionable phrase but the key to our future. And yet, for the most part, the call to increase productivity has so far fallen on deaf ears. Somehow, somewhere along the line, the message has not reached the people
    375 words
  • Article
    An expensive tool few can afford
    321 6 THE SOCIAL, recreational and practical amenities that make life interesting and less tedious keep getting more and more imaginative and harder to resist. There was a time when owning a home with built-in ovens, cabinets and a whole battery of electrical appliances at your
    321 words
  • Article, Illustration
    Lock icon Sord rules micro market
    1083 6  -  RAPID RISE OF JAPAN'S SOFTWARE GIANT Takayoshi Shiina, chairman of Japan's fastest growing computer company, Sord, plans to set up a worldwide franchise of computer programming shops ("just like McDonald's hamburgers") which will provide an "instant programming service", reports CHARLES SMITH. Meanwhile, America's giant IBM has
    FT  -  1,083 words
  • Article
    Lock icon IBM goes for personal touch
    819 6 FT SINCE International Business Machines announced its long awaited entry into the rapidly growing personal computer market two weeks ago, attention has focused on the implications for the small computer industry. There is agreement upon two points. One is that the belated arrival of IBM
    FT  -  819 words
  • Article
    Lock icon Club for businesswomen
    684 6 NYT THE IDEA has raised some eyebrows, generated some frowns and touched off some broad smiles. But its real test began on Wednesday. That was when the doors of a new private dining club for businesswomen opened in Atlanta. "We're calling it the Women's Commerce Club as
    NYT  -  684 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      609 6 I -IH-01E CBOSSWOBD I CRYPTIC PUZZLE ACROSS 1 A matey game (5) 6 A palace or villa supporter? (5) 9 Adjusted to a higher pitch? (5. 2) 10 Conflicting directions are a dangerous thing (5) 11 Like a colony of condemned writers? (5) 12 Male bird? (5) 13 Kiss an
      609 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      815 6 TV&RADIO Tales of love and taxes BTAKT sfl the day'» vtewtag with the Satarday aw flat f. "TV Vtatage Mirfcn" it act ia New Zealaad. Whea a —jgg *f a peitwuilag theatrical treape Is aiardered, all Ike ether artiste* imBaddy. Baddy (alls desperately la leve with her swimmlag eeaeh, Jam.
      815 words
Page thumbnail Page 7
  • Article
    Lock icon Lost opportunities in stock market
    1018 7  -  FORUM with H J MAIDENBERG NYT OF ALL the ways investors have of losing money in the stock market, none is so common as "lost opportunity." This is how professional money managers in New York describe investments that are not earning the current available rate
    NYT  -  1,018 words
  • Article
    Dilemma of brokers short-selling for clients
    892 7  -  Letters to the Editor ROLAND MA Dear Sir There is no absolute proof that the practice of "short-selling" by broking firms to cover petential losses of their clients having "long" positions with them is done by all the broking firms. Bat in the opinion
    892 words
  • Article
    CPF CLARIFIES SCHEME
    430 7  -  PAUL NEO LAM CHUAN Secretary Central Provident Pud Beard Dew Sir I refer to the letter by "Extremely Worried" (Business Times, Aug 8, 1881) who made some generalised allegations and went on to lament about his cash flow problems. I would like to clarify the CPF Board's
    430 words
  • Article, Illustration
    Lock icon THORNY ENIGMA
    884 7  -  Mr Gaston Thorn, (right), the new president of the EEC Commission, is a liberal, with a strong belief in free enterprise and a practical sense of human and national priorities. He is welj equipped for his job, but he's in for trouble. The job requires the muscle of
    NYT  -  884 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      232 7 y f z Wm 1? '-J- v k k i w>MV BS®"i r *> Delivered toyour doorstep hot off the press and at no extra charge! r Ys& GO, HER WORLD, HER WORLD DECOR GUIDE and SINGAPORE BUSINESS. \«s£*r' »***s% L N i tcA^v; V X < V .Sy-^S*^, Place
      232 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Amsterdam
        173 8 auo ao m abn 2* 00 uncb Ahold 71 JO 0J Ate 26J0 ♦02 amev 90.00 uncb Amfu as. oo -0.5 Amrobnk 52.40 0.7 35 00 42.70 -ft4 Bolt 66J0 0J BortumJJ 136-50 uncb Riirhmann S2M 0J CalAAd «oao 0J Calve Delft 2100 -02 Dell Mtj ».oo -a7 Knnla
        173 words
      • Article
        Paris
        263 8 AUG 20 Pr» CORBEILLE Alr-Uqukte <MJO -14 B 8 N OerraU nmaw C 8 F (Thomaon- toaa 308.10 -a -u Cte Francalae des Pvtrolet 115 -14 Comptfnte Financier* Compacnle Oenerale Credit Pooeler 0* Prance 258 mio -1 1J HtcbtUe (Llbralrte) Machine* Bull Mlchelln (B) Pmxlbu Pechlney Cl*lne Kuhlnunn Peugeot
        263 words
      • Article
        Frankfurt
        198 8 AUO 30 Dm Acf-Tilctunken SIM OJ Akao 23J0B Alls Lcten 14*00 -12 Alls Vtn ***** 43 BAST 147 JO +0.1 BtfHT Wbank Bay Vbank Btjwr 133-30 -2J iir 379.00 41 BMW 1(7 JO CUKlIt moo 411 Chem Vtrw moo 43 Cooowrituik 138-00 uncii Conll Oumml 40 JO 4 0.1
        198 words
      • Article
        Brussels
        89 8 AUG rn FORWARD MARKET Accc Art* ail »n Bmctn UH Bru-Lunb >»■ unch LUIIW 146 -1 Dt Beer* at ■4 Etna IMO 1 +10 1 -49 ♦5 Electrode 1 Ob-lnno-Bm mo 1915 Oc* Hobo* 13K M43 1 -11 > +5 OOC 1 Ryt Dutch IMC i Sldro Boc Qti
        89 words
      • Article
        Zurich
        43 8 p£SS SHI Htir SwlU Br no unch Union Btnk Of BwlU Rag SOI 1 Wlnlarthur Br aio 4 10 Wlntertbur Reg 1&30 -I Zurich Incur Br miso unch Zurich Incur Reg 9000 -25 Credit Sulaat Fonda-Booda n* -Ik Credit Sulaat Fonda-lnt •K
        43 words
      • Article
        Milan
        96 8 AUG 10 Ante Lire TiSnn Aaaor Otn Buior *****0 419 -4000 unch Can trite TBBC •W rt.t IM7 00 Plnakter 4U0 -3.75 Cten ImmoC 1936 4*4 m pn 4400 unch luuccmcnu unch lUJfM no IS IUtekter m -M >U|mU U Pt 706 unch Marvlll Ere Madlob Minium *****0 *****
        96 words
      • Article
        TORONTO
        139 8 AUQ 20 CI Abiubi H Alcan si* H Algoma <1 unch Bank Mont Bant Not* Scotia a#w unch Bell Tel 17% *<* BcLh Corp BP Can LtdMV> -1 Braacan SJ1» -4* Camp Red Lake Can Imp Bk »<. SH W Canoar so* -w Canptc Inv Pf 31H Carllna OXeefe
        139 words
      • Article
        JOHANNESBURG
        284 8 AUG X Ram INDUSTRIAL! A Alpha «30 Abercom 430 AE And CI '<** AM1C Itarlnn 100C 1 B -10 unch 25 t 0« Sufar Hi* 7* *> unch Curr* Finance Dc Beer* tad Ed con Edfan MO toot 100 3 unch IB unch ns EWMdf red Vott rufu Oardlan
        284 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      668 8 ]_%=$%'!'"|=}-`$<:`%^|+\>-\~]:" "The American Express Card serves you well, wherever good food is served". ***** Inn Of Happiness Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. Por reservations,
      668 words
    • Advertisement
      Page 8 Advertisements Column 2
      248 8 as good as going to Bangkok. Jr J&T« -th t This is 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
      248 words
Page thumbnail Page 9
  • BANKING AND FINANCE
    • Article
      Talks to focus on loan guidelines
      531 9 DISCUSSIONS on the Malaysian government's plan to lay down a minimum capital and loans ratio is likely to figure prominently in the annual meeting between commercial and Bank Negara on Monday. Though the prime rate has not been singled out for specific mention in
      531 words
    • Article
      Aussie policy criticised
      257 9 THE RESERVE Bank of Australia criticised the government's monetary policy saying though it is centred on control of money supply, its achievement has for the third consecutive year fell short of the objective. The criticism is contained in the bank's annual report for the 1960/81 finArtrial year
      257 words
    • Article
      DEALING TERMS CHANGED
      126 9 THE Bank of England has modified the terms on which it will deal in UK government bonds and gilts, with 12 months or less to maturity. This follows the abolition of the minimum Reserve Asset Requirement (RAR) for UK banks, which gilts with a maturity of up
      126 words
    • Article
      Sharp increase in deposits
      337 9 COMMERCIAL banks accounted for 91 per cent of the total increase in customers' deposits last year, outpacing the finance companies and the Post Office Savings Bank (POSB). Banks' non-bank customers' deposits including Singapore dollar negotiable certificates of deposit (SJNCD) rose by a record 553.73 billion last
      337 words
    • Article
      IMPRESSIVE GROWTH
      574 9  -  By ALVIN TAY MERCHANT banks registered an all-time high growth rate of 65 per cent in total assets and liabilities for their domestic operations last year. Total assets rose by $468 million to $1,183.1 million at the end of last year, according to the latest annual report of
      574 words
    • Article
      Strong growth of Asian $ market
      335 9 Strong growth of Asian market THE HIGH deposit interest rates offered by the Asian currency units (ACUs) here resulted in the largest annual increase of US$3.6 billion or 62 per cent last year in total deposits of non-bank customers. The year also saw commercial banks becoming net lenders to the
      335 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        409 9 THE US dollar closed slightly weaker against major currencies compared with overnight New York levels, after fluctuating marginally throughout the session. Trading was generally quiet as operators were uncertain over the immediate prospects of the dollar and were reluctant to take up large positions ahead of the latest
        409 words
      • Article
        TOKYO
        147 9 THE US dollar for overnight delivery yesterday closed slightly easier at 228.96 yen compared with a 229.50 opening here, a 229.00/20 close in New York and 229.30/45 on the West Coast on Thursday, dealers said. It was also easier than the 229.25 finish here on Thursday. Trading volume was
        147 words
      • Article
        NEW YORK STOCKS
        719 9 AUG a DM €2 •w t <i r 13% a 44 w H -W rr»» T C fir friJg S)» aw a rr* M •w w H W -w SXT" Am Am 2u> OP aw aw w -W Am sfe? a w Am mw unch Am Am
        719 words
      • Article
        PLR
        22 9 THE average rate at which major Singapore banhs are currently prepared to lend to their best customers is 14.04 per cent.
        22 words
      • Article
        ASIAN $ RATES
        179 9 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 21.. USDolUwgSpt) 7 days IS* IS* 1 month 190/16 197/16 2 months 16 ll/M IS 9/16 3 months 1811/*****/16 6 months 18* 18* 9 months 17 15/1617 15/16 12 months 1713/*****1/16 8Dm. /MUJL. 1 month 3 months 6
        179 words
      • Article
        Discount
        40 9 RANGE at price* offered by discount house* on Aug 21: Overnight: 7« Call deposits: 6*%to7* C Is* tag Bayiag Ssittag 3-month Treasury bills 615/16 613/16 3-month Bank bills 1313/*****1/16 3 months CD 12* 12* 6 months CD 12* 12*
        40 words
      • Article
        Treasury bill tender
        50 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 24 to 28: Offered: $130,000,000 Applied tar: $329,000,000. Alleged: $130,000,000. Accepted His: $98.32 approximately 28 per cent and higher bids in full. Average rate ti tseeurt en alletmeat: 6.696 per cent per annum.
        50 words
      • Article
        GOLD
        278 9 SINGAPORE gold futures yesterday closed weaker compared with overnight levels in thin trading, dealers said. Prices were marked down between US$4.5O and $5.50 an ounce at the outset following the metal's weakness in New York overnight and thereafter the market fluctuated narrowly throughout the day, they said. Total sales
        278 words
      • Article
        Silver quotes
        40 9 New Tort 9.50B 9 6TB 9 706 9.I7S Zurich 9.45B 9 «3B ICS 9.83S Singapore r n mn 9 50B 9 656 9.70S 9 85S Clortng prk m in US dollars a troy ounc Source: Credit Suisse, S'pore
        40 words
      • Article
        HONGKONG
        138 9 THE US dollar was little changed against most leading currencies in quiet late foreign exchange trading yesterday, dealers said. The dollar steadied against the mark at a late 2.4730/40, compared with an early 2.4725/40, and was little changed at 2.1525/45 Swiss francs against 2.1535/ 60. Sterling was also little
        138 words
      • Article
        London
        94 9 THE dollar yesterday opened mixed against the major currencies, easing back in early trading to a level just below Thursday night's close here, dealers said. The market remains very quiet, with operators uncertain of the immediate prospects for the dollar and dollar interest rates. The dollar opened at 2.1490/1506
        94 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      397 9 Abrams ARTBOOKS Asdectknof 3 great works THE LANGUAGE OF GRAPHICS This dazzling collection brings together an extraordinary display of graphic design, from its early beginnings to the present day. Lively text by Daniele Baroni deal with every aspect of our image-centered culture. Design is the prime ingredient in the effectiveness
      397 words
Page thumbnail Page 10
  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1884 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Acma (3.008
    1,884 words
  • Article
    Unit trusts
    185 10 8DWAPOU UNIT nun MOT8TOU (Managua* prteaa lar Aug M) DUJJOND m tor Ang BAM) The Commerce 3.09 3.S Diamond S'pore Fd USB0 98 The Savinga Fund LTT lJt 91 S pore Prog Fund l.» 1« La LB S pore Sec. Fund 2.03 ll3atd S pore Invest Fund 103
    185 words
  • Article
    SHARE INFORMATION SERVICE
    2761 10 1981 High Low Company Last Sale Gr*« Gr'» Net Div Div Y'ld P/E Vol Day or- C'vr (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 350 312 420 200 470 798* 675 430 284 Acma Alcorn 130 Allied Choc 161 BAT 330 Bata 85 Ben 360 Berjaya
    2,761 words
  • Article
    In Kuala Lumpur
    2043 10 BID and oiler price* officially I listed and business in and re- 1 parted to the Kuala Lumpur j Stock Exchange yesterday, 4 with the number of shares traded stotrn in brackets in 1 lots at 1,000 units, unless other- wise specified. (NDUCTBIALB Aitmm (1.3(B) (C) Ml
    2,043 words
  • Article
    Share prices move up and down
    705 10 IT WAS eandval time at i the Stack Exehaage af i Stegapere yesterday. Like I a reller eeaster, prices nwve4 ip aai iewa to eaaeert totag the iay. Hewever, at tke etoee j there was a aet gala la prices, as messarci try the
    705 words
  • Article
    Counters in KL close steadier
    599 10 SHARE prices remained steady in more active trading with all sectors recording gains at the Kuala Lumpur stock market yesterday. At the close, the New Straits Times industrial index was 12.30 points higher to 926.51. The Malaysian Business Times index rose 5,«6 points to 313,950.
    599 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Bright prospects for Hotel Royal
      161 11 .HOTEL Royal looks set for a better year with its latest interim earnings showing good growth. For the first half year to »*June 30, 1981, unaudited :<group operating profit before tax rose 91 per cent to *$1.74 million ($909,961 before). The profit growth is even
      161 words
    • Article
      Batu Kawan to sell stake
      204 11 "'BATU Kawan will sell 30 ~per cent of the share capital of Ulu Benut Consoli4. dated Industries for a total consideration of $7.25 mil"Jion. h The company yesterday disclosed that it baa reach- ed agreement to sell 1.035 7 million Ulu Benut shares at ?<
      204 words
    • Article
      Earnings at Inch Kenneth declines
      204 11 INCH Kenneth Kajang Rubber reported a 37 per cent fall in pretax profit to M 5399,248 for the six months ended June 30,1981. The company's interim statement shows that net operating income dropped to $166,254 compared with $496,299 previously, although other forms of lacome rose
      204 words
    • Article
      Gains of $996 m by PNB, ASNB
      636 11  -  By HARDEV KAUR PERMODALAN Nasional Bhd (PNB) and its subsidiary, Amanah Saham Nasional Bhd (ASNB) made capital gains of Mss2B million and $468 million respectively by July 31. The chairman of PNB, Tun Ismail All, said PNB had acquired shares in 46 companies
      636 words
    • Article
      COMPANY BRIEFS
      325 11 PETBOLEOS ModeaMS (PesMz)*s US$100 million floating rate notes due 1968 have been granted listing and quotation on the Stock Exchange of Singapore. Trading in the bonds is on a "ready" basis only, with the quotation expressed as a percentage of the principal value excluding accrued interest. ULUNGHALL Tin
      325 words
    • Article
      Hard times ahead for Berjaya Kawat Bhd
      318 11 WIRE manufacturer Berjaya Kawat Bhd expects to face difficult trading conditions this year. But chairman Tan Sri Kamarul Ariffin is hopeful that its expanded facilities in wire-drawing, heat treatment, galvanising and stranding will help the company meet the challenges ahead. In his annual
      318 words
    • Article
      SCRIP ISSUES
      316 11 Company Particulars Ex Date Books Qoae AX*. Rights issue of 7 for 2 (a, ll.OO per share Aug 28 Sep 9 Alex HMgs Propoaed bonus issue NYA of 1 for 1 NYA Bay* Proposed bonus issue NYA NYA of 5 for 4 •MUMi Rights issue of 1 for
      316 words
  • ASIAN STOCKS
    • Article
      Shares close steady
      271 11 HONGKONG THE stock market yesterday closed steady in generally slack trading ahead of the weekend, dealers said. Some noted a flurry of buying towards the finish of what was otherwise a basically featureless day's trading. Dealers noted little concern about the weekly rate review later yesterday, saying
      271 words
    • Article
      Bangkok
      55 11 SHARE prices yesterday closed mixed in inactive trading with the Book Club index down 0.48 points to 93.20 on turnover of 6.4 million baht. ADO SI BaMa ♦A B4 -< BuToc Ayudbaya Ud Bartl Ivcfcff CtarooBC Ttal «1rr ITS M1M an -i Ot Corp M 4 Sate Onloo H.K
      55 words
    • Article
      Sydney stocks weaker
      251 11 THE STOCK market yesterday suffered its first major reverse in more than two weeks as resource stocks came under pressure from poor profit results, a downturn in the gold price and lack of decisive news from the Opec meeting in Geneva, dealers said. The All-Ordinaries index slipped
      251 words
    • Article
      Tokyo stocks higher
      354 11 SHARE prices yesterday closed higher on persistent selective buying in some blue chip 6 and populars and moderate foreign buying in communications, dealers said. The market average rose 22.27 to close at 7,996.23 with volume 300 million shares. The Tokyo Stock Exchange index closed at 602.12, up
      354 words
    • Article
      Manila
      74 11 auo a NM A CO* Mlninc 000 -OJOOl -•Ji Beguk) Gold Beneuet Coo B tmn m unch 10.40 4U CDCP 410 0.1 LandoU Lepanto B Mwtaduque B Oriental A OrWrntaJ B Phil Oiirmi PhUe* A PtUta B run rodeo B POfel Ban Miguel A fen Miguel B Bet front
      74 words
    • Article
      Selected indices
      49 11 FINANCIAL TIMES INDUSTRIALS Thursday MO 7 Wednesday 5«3-3 Week Ago DOW JONES AVERAGE INDUSTRIALS Thursday «*2 Wednesday K? Week Ago »44.35 H.K.HANG SENG Friday 1715.84 Thursday »705 Week Ago 1994.75 AUSTRALIAN INDUSTRIALS Friday J}" Thursday J* Week Ago. 713 4 ALL ORDINARIES Friday Thursday Week Ago 6655
      49 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      82 11 NOTICE NATIONAL IRON AND STEEL MILLS LTD. (Incorporated in theHepubUc of Singapore) NOTICE IS HEREBY GIVEN that the undermentioned certificates covering $43,250 ordinary stock have been reported lost. NOTICE IS ALSO HEREBY GIVEN that if within fourteen days hereof no representation or claim in respect of the abovementioned certificates is
      82 words
    • Advertisement
      Page 11 Advertisements Column 2
      117 11 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. a 4, A •sf Mr 4 9 h W here to hat and Entertain Singapore 1981 JOHN
      117 words
Page thumbnail Page 12
  • Article
    Two investment trusts report lower NTA
    332 12 IN LINE with the downturn in stock prices, the consolidated net tangible asset backings (NTA) of closed-end investment trusts have also been trimmed. United International Securities (UIS) and General Securities (GLS) yesterday announced that their respective consolidated NT As had slid to 12.58 per
    332 words
  • Chief Price Changes
    • Article
      SINGAPORE
      139 12 Rites Indices Tuck Cement H Leong Credit C Sugars Sentoaa Syn Reaina Palmco Hldga Paramount Sea View Perak Carbide Hong Leong lad Spore Laaa Kempaa 710 1100 1200 242 420 28S 434 438 294 1300 1050 900 110 +80 +00 52 40 37 34 32 +32 30 +30 30
      139 words
    • Article, Illustration
      KUALA LUMPUR
      145 12 Rises Indices Renoog Tronoh 1360 1200 200 +50 BT Index Aug 20 *****4 Aug 21 *****0 S P Text 240 50 Industrials: 914.21 926.51 H L Finance 800 +50 Finance: 1405.23 1414.96 Bejuntai 880 +50 Hotels: 507.60 508.19 Synthetic Resins 448 +48 Properties: 938.14 946.67 Perils 610 +45
      145 words
  • Article
    Palmco buying other properties
    449 12 ■SHS Companies Editor: Mano Sabnani PALMCO Holdings, which failed in its acquisition of the Casuarina Beach Hotel recently, has found other properties to purchase. The company announced yesterday that it has agreed to purchase two pieces of land for development for a total consideration of M
    449 words
  • Article
    FUND MANAGERS' APPEAL
    470 12  -  By SIOW LI SEN FUND managers are again appealing to the Ministry of Finance (or a clearer policy on how it defines an investment-holding company as opposed to a trading company. This is because fund managers of investment trusts, in particular, operate in the dark at the
    470 words
  • Article
    MORE TIME TO DECIDE ON DEVELOPMENT OF UE SITE
    348 12 SHAREHOLDERS of j United Engineers will have I more time to consider t whether they wish to ap- prove the Joint develop- ment of the company's j River Valley Road site with Singapore Land. At an extraordinary 1 meeting convened by
    348 words
  • Article
    LONDON STOCKS
    778 12 LONDON, Fri. Share prices closed steady in low turnover today as settlement of the UK rail dispute and news of a further slowdown in UK retail price increases failed to provide the market with fresh direction, dealers said. At 3pm, the Financial Times index was down 0.8 points
    778 words
  • Article
    Lock icon DOW JONES DECLINES
    96 12 AP NEW YORK, Fri. The stock market declined slightly this morning as the weak rally of the past two sessions faded. The Dow Jones average of 30 industrials slipped 0.86 points to 927.51 in the first half hour. Losers took a narrow lead over gainers among New
    AP  -  96 words
  • Article
    Wearne's sale of subsidiary
    103 12 WEARNE Brothers Ltd has announced that the sale of its wholly-owned subsidiary. Associated Motor Industries Malaysia Sdn Bhd, to Ford Motor Company of Malaysia has been completed. In a statement to the Stock Exchange of Singapore, it said sales proceeds amounted to M 518.59 million. Ford
    103 words
  • Article, Illustration
    Confidence in Dr M
    1021 12  -  \wmw>, mm§ By TSANG SAU YIN A RATHER unfair reputation for being a radical and pro-Malay in a country in which race is a sensitive issue has weighed nervously on the minds of more than a few investors when Datuk Seri Dr Mahathir bin Mohamad became
    1,021 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      386 12 THE SPEAKERS NEW BUSINESS OPPORTUNITIES IN ASEAN WHICH ARE THE GROWTH INDUSTRIES? WHERE ARE THE PROFIT CENTRES? WHAT ARE THE NEW BUSINESS OPPORTUNITIES? This conference will give you the most penetrating first-hand assessment of the business climate in ASEAN. THE ISSUES ASEAN in the Asta-Pocific Region in the Decode of
      386 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      62 12 WEATHER Outlook for Singapore from 6am to lpm today: Showers in a few areas. Report for 24 hours prior to 7 .SI pm on Aig 21 at the airport: Maximum temperature 31.9 Associated humidity 69 Minimum temperature 25.4 Associated humidity 96 Hours of sunshine 9.30 Rainfall in millimetres Nil Total
      62 words
Page thumbnail Page 13
  • LEISURE TIMES
    • Article, Illustration
      Rhythmic sounds of the ocean waves
      1120 13  -  The Hyatt Kuantan, Kke its beach resort peers on the Eaat Coast of Malaysia, is devoted to sun, sea and tan, plus a little tennis or squash. Ah... those glorious days of inactivity, muses TBANG SAU YIN. DESTINATION TSANG SAU YIN ONE of the
      1,120 words
    • Article, Illustration
      Valuable reference
      768 13 COMPLETE AND CONCISE BOOK REVIEW WmM Can IKI Herald, IS6I Reviewed by HERMES "THE AIM of World Cars is to present accurate information that is as complete as possible and to present it in a concise form," the editor of World Cars 1981 said. Obviously intended to be
      768 words
    • Article
      Familiar classics by the SSO
      172 13 A HARMONICA wUJ be laeladed ia the Stagapsre Symphsay Orchestra eaaeert af familiar classics toalght. Yew Heag Chew, a leeal hannsaiea player, will perform Chargia's Rammmtu Fuatny tor Barm—k* mmi Orchestra. Mr Yew Is basically a aeif-taaght harmaaJea player, althsagh he leant the radlmeato fram
      172 words
    • Article
      AUTO-TEST SKILL
      93 13 THE Slagapare Matar Sparts Clab wul be caadactiag the third raaad af the Castrsl/Alptae aata-test skill drivlag campetlttoa at the Nattoaal Stadtam ear park tamarraw. Ea tries wUI have to be sabmitted by Bam. The eamCtittaa, which will begin at m, will be classified lata Ave catcgaries: mlai
      93 words
    • Article
      Chez Bidou's sumptuous lunch spread
      497 13  -  WEEKEID GOURMET By RAY ANG WHEN we think of buffets, we think of sumptuous spreads and of gorging ourselves silly with more food than we can sensibly consume. We also think of eating more than our money's worth. Simple and not lavish describes aptly Chez
      497 words
    • Article
      MARUMAN GOLF CLASSIC
      606 14  -  By CHARMAINE CHAN MARUMAN may be holding Its first tsaraameat In Bouthenst Aria. The event may mark the stepping stone to the eventual launching of the propooed Asean Golf Circuit. These plans were revealed during the nnnouncement of the Maruman Golf Classic scheduled for the Bukit course
      606 words
    • Article
      High stakes in the bloodstock race
      1482 14  -  The Aga Khan's Derby-winning horse, Shergar, was syndicated to stand at stud for 10 million pounds. A US investment recently topped even that figure. It is a question of "mate the best with the best and hope for the best". By MICHAEL THOMPSON-NOEL THERE
      1,482 words
    • Article
      The FAS in a predicament
      1031 14  -  By RONALD KOW WE CANNOT possibly be envying the positions of the people who have a say in the running of the Football Association of Singapore (FAS). Lately, these people have had to deal with so many developments that they know they must now all
      1,031 words
    • Article, Illustration
      FROM THE HORSE'S MOUTH
      83 14  -  By HYPERION TODAY'S SELECTIONS: Race 1, Excitation; Race 2, Queen's Order; Race 3, Khyber Pass; Race 4, Fujisan II; Race 5, Samudra; Race 6, Morabito; Race 7, Plutonium; Race 8, Samedan; Race 9, Lake Toba. SUNDAY'S SELECTIONS: Race 1, Alchemist; Race 2, Guest of Honour; Race
      83 words
    • Article, Illustration
      STARLIGHT TREK II
      449 14 YOU MAY LIKE to regard it as a romantic walk in the evening, a night's outing for the entire family, a diversion from your normal exercise regimen, or even an inexpensive way to spend Saturday night. Whatever your reasons, try to join the expected 15,000 walkers for
      449 words
    • Article
      YOUR WEEKEND SPORTS
      382 14 TODAY GOLF: SICC: The 1981 Singapore Open Amateur Golf Championship enters its third round this morning at the Bukit course with a field of 71 participants. Twenty-one of them are foreign entries. At the New course this morning from 8, participants in the 6th Real Estate Developers'
      382 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      102 13 BUSINESS TIMES When we say business we mean just that O A \lv\T VAU K A STEP closer to an Asean Golf Circuit... CHARMAINE CHAN reports on the Maruman Golf Classic which is offering a total prize money of $42,000, the second largest amount ever offered for a local tournament.
      102 words
    • Advertisement
      Page 13 Advertisements Column 2
      6 13 BUSINESS TIMES GIVES YOU THE EDGE
      6 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      373 13 WHAT WHERE FILM SHOWS FILMS on Malaysia will be screened today at the Queenstown Branch Library at 3pm. Four films Malaysia, Mr unspoilt land; Sabah magic; Festivals of Peaaag; Giant turtles sf Trenggaan. Free admission. MARGARET MITCHELL'S Gone With the Wind will be screened in the Auditorium of the Marine
      373 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      55 14 THE BARON'S LIKELY RETURN LIKE the Chinese, I believe in the superstition of 'the third glory'. Robber Baron has had three wins so far. It may not have performed well in the last few meetings, but I'm hopeful. I have faith in P K Yeap who is booked for the
      55 words