The Business Times, 17 October 1981

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, OCTOBER 17,1981 60 CENTS
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  • 435 1 THE National Association of Travel Agents Singapore (NATAS) has declared that an unfair comparison between two types of tours offered by travel agents in Singapore has led to recent allegations that tourists have been fleeced or run the risk of being cheated
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  • 226 1 AT the next sitting of Parliament on Oct 23, the Member of Parliament for Buona Vista, Dr Ang Kok Peng, will ask the Minister for Labour and Communications, Mr Ong T6ng Cheong, what measures will be taken or have been taken to improve the
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  • 493 1  -  SINGAPORE OR HONGKONG? By LEE YOKE MENG SINGAPORE and Hongkong seem to be of equal importance as the insurance and reinsurance centres for the region. More insurers are bent on opening up offices and strengthening their operations in both places. One example is Imperio Companhia
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  • 459 1  -  By AGNES WEE DEVELOPERS of sites acquired in the 9th Urban Redevelopment Authority's sale of sites will not escape the stringent measures imposed by the URA for unjustifiable delays. The URA said it will be very strict with the imposition of
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  • 275 1 Reuter, UPI THE European Economic Community (EEC) Commission has given its backing to Asean's call for the community's participation in world commodity agreements. In a statement issued after a meeting in Brussels between the Commission and Asean ministers on Thursday, both sides said
    Reuter,; UPI  -  275 words
  • BRIEFLY...
    • 58 1 AFP WASHINGTON, Fri. The American economy appears to have entered a recessionary phase. The Conference Board, a private business research body, forecasts a significant drop in industrial output for the rest of the year. It believes the recession will trim tax revenue and boost federal spending. The
      AFP  -  58 words
    • 59 1 UPI BLACKPOOL, Fri. Prime Minister Margaret Thatcher won overwhelming support from her governing Conservative Party for keeping Britain in the European Common Market. The annual convention of the Conservative Party rejected by a huge show-of-hand majority the opposition Labour Party's decision at its own convention two weeks
      UPI  -  59 words
    • 61 1 Reuter WARSAW, Fri. The Polish government announced today that it is extending the military service for trained troops by two months, to help cope with the worsening economic situation. The move was reported by the official news agency, PAP, as the Communist Party's Central Committee met to decide
      Reuter  -  61 words
    • 76 1 Reuter LONDON, Fri. Workers at Britain's state-owned car manufacturer, British Leyland, voted to strike from November 1, defying a management threat to shut down in the face of heavy losses. Chairman Sir Michael Edwardes told the 58,000 car workers he would sack strikers without severance pay
      Reuter  -  76 words
    • 68 1 AP TOKYO, Fri. The death toll in Japan's worst coal mine disaster in more than a decade rose to 32 today and police said the count could go even higher. Police in Yubari, a northern Japanese mining community, said nine people were hospitalised and about 80 may still
      AP  -  68 words
    • 59 1 Reuter NEW DELHI, Fri. Petroleum Minister Prakash Chand Sethi said the government will invite fresh bids from foreign oil companies to explore restructured drilling areas. India invited oil companies to explore 17 offshore and 15 onshore blocks last year on a productionsharing basis. The government expects to
      Reuter  -  59 words
    • 64 1 Reuter NAIROBI, Fri. A Kenyan Cabinet minister has defended his country's airline hostesses against complaints of ugliness, saying the girls should be judged by ability rather than looks. Minister of State GGKariuki told Parliament: "You should sympathise with them if they are ugly. What do you want them
      Reuter  -  64 words
    • 29 1 TEL AVTV, Fri. Former foreign minister Moshe Dayan rested comfortably in the cardiac intensivecare unit of Tel Hashomer Hospital. The hospital listed his condition as fair. v
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  • 445 1  -  By TSANG SAU YIN BORNEO Motors (Singapore), a wholly-owned subsidiary of the Inchcape Berhad group, will initiate a number of moves over the next three years as part of an overall policy to upgrade its marketing strength here. In the first instance, the company,
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  • 410 1  -  By RICHARD SEAH PLANS for the "Asean car" Industrial complementation project have not been affected by Repco's sale of its automotive component plant in Jurong. This is despite the fact that Rockwell, the new owner of the factory, will be making universal joints for heavy
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  • Page 1 Advertisements
    • 243 1 BOOKS FOR _Times Bookshops! smids UIC buys another property in the United States this time, a four-storey office building in Los Angeles Page 12 IN AN effort to streamline its divisional operations, Sime Darby Bhd has disbanded one of its six divisions the commodity refining division Page 11 BARLOW Holdings
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    • 201 1 Swing With A Perfect 21 lion ften >10 Vi 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
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    • 55 1 /!(%^()>+)]|\)~^|'{\+<@>$&)%<%@ I y v V y ,V. 1 A THE WORLD..* AIUNSING>NE4R it CfOnd SIOfDS U.S. A. THE SYMBOL OF QUALITY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. MUNSINGVNE4R Today's best-seller in active sportswear Sole Agent EXCELSIOR (PTE) LTD. 6t
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  • BANKING AND FINANCE
    • 650 2 PROSPECTS IN THE FAR EAST Reuter. ARAB MONEY managers are looking to the East for new investments for the billions of petrodollars pouring into the Gull oil exporting countries. With the lustre of western economies fading, these Arab investors and governments believe that East Asia
      Reuter.  -  650 words
    • 361 2 GOLD prices appear to have finned in recent weeks after dipping below US$4OO an ounce in August, and traders are hopeful that the long bear market has finally run its course, said Ronald Krieger of Chase Manhattan Bank. Appearances, however, can be
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    • 264 2 Reuter HONGKONG aid Shanghai Banking Carp Halt Wardley Australia Lid has arranged a All» milIlea pramtinry aate facility far Bead Carp Headings Ltd. Bead chairman Alan Bead said la a state meat that the $1N mlllien will be used te faad his personal takeover bid
      Reuter  -  264 words
    • 823 2 A FLICKER of irritation passes across the face of Mr Eugene Rotberg, Treasurer of the World Bank, as he is asked whether the Bank has saturated the Swiss capital market with too many bond issues. "It would be dangerous and absurd for us to rely on one
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    • 225 2 BOTH the Japanese yen and the Dutch guilder are expected to appreciate against the US dollar. According to the Manufacturers Hanover Trust's (MHT) latest currency review, better economic performance and a softer dollar will augur well for the Japanese and Dutch currencies. The yen may even
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    • 97 2 THE INSTITUTE of Banking and Finance (IBF) is organising a five-day training seminar aimed at upgrading the skill and expertise of foreign exchange dealers in Singapore. The programme, starting on Monday, is backed by intensive exercises, case studies and a mini-dealing game. Mr John Smalley,
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    • 157 2 FRENCH borrowers plan to issue six bonds worth a total 6.75 billion francs on the domestic bond market next week, primary market sources said. The sharply higher market interest is due to the need for banks to borrow outside the government's credit controls, to normal funding requirements
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    • 106 2 Reuter THE US Expert-Impart Baik ku decided to mpwi WaaaHag of the pirctan at II af a total at 2S Baetag Co aircraft Mag baaght by Japaa Airway* Ce Ltd. The alrttae haa ordered 26 Baetag 7C7 Jeto warth abeat US$l Mlltoa. It haa alaa rigaed a
      Reuter  -  106 words
    • MONEY AND EXCHANGES
      • 468 2 THE US dollar shot up against marks in active late afternoon trading in Singapore yesterday, following rumours of a military coup in Poland. Against other currencies, it performed mixed. The US dollar opened at 2.0650/70 against the local currency. Suspected MAS entry into the market brought the US
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      • 179 2 THE US dollar for overnight delivery in Tokyo yesterday closed easier at 230.40 yen. compared with a 231.00 opening in Tokyo and a 231.00 20 close both in New York and on the US West Coast on Thursday. But this was sharply firmer than 228.95 close in Tokyo. Trading
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      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 15.1 per cent.
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      • 178 2 ASIAN ASIAN currency deposit Interbank rates as at close on Oct 16. U8 Dollar**Spot) Offer Bti 7 days 15 9/16 157/16 1 month 15* 15* 2 months IS 13/*****1/16 3 months 16* 16* 6 months 16B/16 167/16 9 months 16* 16* 12 months 16* 16* 8*M Das. 1 month 3
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      • 44 2 RANGE of prices offered by discount houses oo Oct li: Overnight: 7* Call deposits: t'+H to "W Closiif Bayimf S*Ui«f 3-month Treasury bills 6H 3-month Bank bUls 14S 14M 3 months CD 13H 13H 6 months CD 13H 13W Source: National Discount Co
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      • 51 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 19 to Oct 23: Offered: $140,000,000 Applied tor: $227,000,000. Alto*tod: $140,000,000. Accepted bids: $96.36 approximately 64 per cent and higher bids in full. Average rate ef discount •a altotmeat: 6.565 per cent per
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      • 227 2 SINGAPORE gold futures yesterday closed generally easier on some local and European selling in light trading, dealers said. Total sales (or the day was recorded at 44 lots while kerb volume at 59 lots, they said. Prompt closed weaker at U*****.30/443.30 an ounce against 447.50/449.50 on Thursday, December at
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      • 37 2 Nor York 9«0B 9.57B 9 60S 9.7TS Zurich 9.50B 9.42B 9 70S 9.62S m nn Singapore 9 358 9 SOB 9.5SS 9.1QS Closing prices In US dollars a troy ounc t. Source: Credit Suisse, S'pore.
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      • 123 2 THE US dollar traded nearly unchanged against most < major currencies in quiet late exchanges in Hongkong i yesterday, dealers said. Operators were waiting for the reports on US money supply figures yesterday night from by US Federal Reserve Board, they said. The US unit traded at 2.2335/50 marks
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      • 118 2 THE dollar in London yesterday slipped at the opening from New York's closing levels on Thursday, but was still slightly higher than Wednesday's finish in London, dealers said. Expectations in some quarters that the Bundesbank may sell dollars again yesterday and a feeling that Thursday's rise in New York
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  • Page 2 Advertisements
    • 131 2 The Straits Times Directory of Singapore triple-purpose index. The one tab to helpyou keep tabs on allyour resources! The triple-purpose index of the nothing more, our pages will tell you Straits Times Directory or Buku Merah all you need to know about that name, (as we are also known) is
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  • Page 3 Advertisements
    • 414 3 1 1 X MB Tv J& >#«" il -V' -< f -'i i •:*> I -I .y;x W ■m jahjd si aw jr MM 1l« II II v v- MOVING CONFIDENTLY is auspiciously symbolic for MALAYAN UNITED INDUSTRIES BERHAD (or MUI, as it is more widely known) and its Group
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  • OVERSEAS
    • 685 4 Reuter, AFP THE manager of the International Tin Agreement's (ITA) buffer stock is expected to seek dispensation from having to sell tin if the price continues above the ITA ceiling. Delegates to the International Tin Council's quarterly meeting in Kuala Lumpur said
      Reuter,; AFP  -  685 words
    • 78 4 AFP A NEW helicopter company, Malaysian Helicopter Services Bhd (MHS), has been set up as part of the Malaysian government's efforts to expand the aviation industry. The company was incorporated with an authorised capital of MJIOO million, of which $30 million will be issued prior to commencement
      AFP  -  78 words
    • 287 4 AP A 10-MEMBER British trade mission wasin Kuala Lumpur yesterday to sell British services and goods despite the Malaysian government's announcement last week that it will require special approval of all government purchases from Britain. When asked about the difficulties he will face, Mr Peter
      AP  -  287 words
    • 299 4 Reuter THE wtrM't major tin prWi«ert yesterday tabled demaads far a ■Mm 12.5 per eeat increase la the price of the metal at talks with consumers who said they are ready to accept only aader half that flgare. Delegates at a
      Reuter  -  299 words
    • 416 4 Reuter A LEADING Hongkong shipper has said that a phasing out of open-registry shipping lines in favour of national fleets would make Soviet shipping the only economically viable substitute. Mr Frank Chao, managing director of Wah Kwong and Company, was addressing an international shipping
      Reuter  -  416 words
    • 339 4 Reuter THREE leading steel companies in West Germany have agreed to a government request to study a possible merger that could create a new European steel giant. The three companies are Krupp Stahl and Estel Hoesch, both privately owned, and state-owned Salzgitter. The combined
      Reuter  -  339 words
    • 295 4 Reuter COSTS of sea transport of crude oil must rise significantly in the coming years if the right ships are to be there to do it. The world tanker market is desperatley short of capital while getting increasingly overladen with the debt,
      Reuter  -  295 words
    • 292 4 Reuter SAUDI Arabian Crown Prince Fahd inaugurated the construction of a giant new oil refinery on Thursday at Rabigh, on the Red Sea coast. He opened the refinery on the same day that subsidiaries of the two giant oil multinationals, the Royal Dutch/Shell group and
      Reuter  -  292 words
    • Article, Illustration
      514 4 EXPECTED ARRIVALS YESTERDAY KEPPEL WHARVES Dong Joo (Tanker) (after Felix Dzerjinskiy P/O subj. gas free) 15/16 Garza Ocean (Clinker) (after Blue Star) 5 Hong Leong (0700) 22 Kota Dewa (1100 hauls 125 m East) 10/11 Mikhail Vladimirskiy (0600 after Alkmini) 35/36 Nan Ping Shan (after Nedlloyd Honshu)
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    • 326 4 UPI PROFESSOR James Tobin, winner of the 1961 Nobel prize for economics, doubts President Reagan's economic policies would work and said they could increase unemployment. He added that a modest programme of wage and price controls is the answer to America's economic ills. Tobin, who
      UPI  -  326 words
    • 183 4 Reuter THE Indonesian government has reassured foreign investors that it is not exerting any pressure on them to pull out of Indonesia once their Indonesian partners have gained the legally stipulated 51 per cent equity. "In our opinion. 51 per cent on the macro-scale is enough.
      Reuter  -  183 words
    • WORLD IN BRIEF
      • 417 4 Agencies DUNLOP has signed an agreement with a government-owned Indonesian company for the setting up of a factory to manufacture tyres and industrial rubber goods in Cilegon, 120 km east of Jakarta. The factory, costing about US$l63 million, would commence production by late 1983 and will produce
        Agencies  -  417 words
    • 754 4 ARRIVALS Service Local Operator Number Time Prom SIA SQ201 1000 HLP MAS MH651 1000 PEN KUL CAL CX814 1005 HLP CPA CX710 1006 HLP G1A GA850 1030 HLP SIA SQ103 1045 KUL GIA GA908 1045 MES PAL PR501 1055 MNL SIA SQ191 1105 PEN MAS MH681 1130
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  • Page 4 Advertisements

  • TRADE AND INDUSTRY
    • 353 5  -  By LIM SOON NEO THE INDUSTRIAL and commercial sectors have been consuming more water in the past decade. Consumption by these sectors doubled from 104,000 cu m daily in 1970 to 217,000 cu m daily last year. The figures were disclosed yesterday by
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    • 192 5 GENERAL Electric Company of the US is expanding its software operations in the information-services market with the acquisition of three privately held US companies. The Singapore office has already been in touch with some of the agents of the companies here. While the acquisitions
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    • 211 5 AUSTRIA will mount a major fashion preview, Austria Style '82. in Singapore in November as a follow-up to a similar display last year. The Austrian ConsulGeneral and Trade Commissioner, Dr Hans Braendle, said 32 Austrian companies will show their products on Nov 19 and 20
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    • 81 5 A COURSE on ultrasonic testing of materials will be conducted by the Singapore Institute of Standards and Industrial Research. The forty-hour course to be held from Nov 16 to Dec 22 is designed for beginners. It will give students practical training in materials testing, including ultrasonic examination of
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    • 420 5  -  By LOH HUI YIN A WEST German association of electrical engineers plans to use Singapore as its base for the transfer of technical expertise to other Asean countries. Mr Harald Blohs, chairman of Verband Deutscher Electrotechniker (VDE), said his organisation is willing to contribute towards upgrading
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    • 562 5 IN the wake of warnings by the Public Utilities Board about high water consumption of penalties ranging from warning telephone calls to other corrective measures a simple device to save water in cisterns will come in handy. Termed a "water trap," it may be used in most tank
      562 words
    • 628 5 SEMINARS AND COURSES Oct 19-Nov 9: Ways to Faster and Effective Reading, Bukit Timah Centre, Department of Extramural Studies, National University of Singapore Oct 19-20: Finance for Non-Financial Managers, Hyatt Regency, Price Waterhouse Associates Oct 19-21: Making Effective Presentations, Shangri-La Hotel, AMR International Oct 19-21: Corporate Financial Management,
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  • Page 5 Advertisements
    • 466 5 *w» and rewarding .companion FOR THE BUSY EXECUTIVE V vVA*' V V i T 4, i* 1 World Executive's Digest. A compact magazine that offers highly readable condensations of the world's most outstanding management articles and books. Materials are carefully selected for their timely interest or their timeless significance. And
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  • 461 6 IT WOULD be premature to suggest that the monetarists have shot their bolt as far as the direction of national economies is concerned, just because Professor Tobin has been elevated to the Nobel ranks. Moreover, although President Reagan and certain of his high-placed colleagues are expressing veiled
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  • 240 6 A TRAVELLER who purchases an air ticket or joins a packaged tour to any country is no different from a consumer going to the supermarket or grocery shop to buy a product. When he books himself on a low-priced or "budget" airfare, passage
    240 words
  • 4405 6  -  There is growing agreement throughout the world that high interest rates in the United States are slowly strangling the world economy. In this article DONALD F SINCLAIR suggests they will come down soon, but too late to save the economy from depression. A predictable result is that
    4,405 words
  • Page 6 Miscellaneous
    • 640 6 RYPTIC PUZZLE ACROSS 4 A team superior to Villa? (6) 7 A game but childish cry (8) 8 Possibly passed as a suit 10 A crib in native style (5) 13 Just the metal (or an electric wire? (4) 14 Half crew for a royal vessel! (4) 15 Unyielding in
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    • 686 6 jiVr&lRWD'I'O SINGAPORE 5 12.45 PM Opening foBowed by Sesame Street 1.45 Saturday Matinee Great Expectations 3.45 ABC Wide World Of Sports 4.40 Positive Soccer (Last Episode) 5.05 Pusparama (r) 5.50 Drak Pack 6.15 News (English) 6.25 Insects And Their Homes 6.35 Faniy An Apple For The Teach7.25 Cultural Diary (English)
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 166 8 OCT 19 ru abn moo -OJ> Ahold 6X30 0J Akao 1190 -0J AlfKV MM -0 8 Amfu 94 00 1 Amrotek 53J0 -0l5 25 CM -0 8 SP" mo -0.2 fMt 90 00 -0.8 Borsuxnij 101 00 Burhm&nn 46 JO 02 Caiand M-00 -45 Cfcfrc Dtift 119.00 -15 DtlJ
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      • 263 8 OCT IS rr» CORBEILLE Air-Liquid* B 8 N OcrvaU □anon* 475 11S6 -4,9 •10 CIF (TbonuonC»f). Ctc rrancalae dea PetrolM 210 116.50 -4 -0 5 Compa<nle Flnanclcrt Compacnte Otncnle 307JO >1 Credit Foocter De rnnce 310-10 0.1 Hachetie (Llbralrte) Machine* Bull Mlchelln (B) Panhai Pechlnej Clflne Kuhlmann 330 38
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      • 194 8 OCT 15 Dm Aet-Telefunken 47J0 -45 Akio 19J0 onch A1U Leben 1410.00 -40 Alls Vera 446.00 •3 BASF ***** •2 BirHT Wbank I II -15 Bay Vtmnk mooB Bayer 119 60B BBC 235 00B BMW 17E50 -05 Caaaelia 245 00 -15 Chem Verw 218.00 3 Commerabank ***** -2 ConU
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      • 85 8 OCT IS FT* FORWARD MARKET Acec 275 -2 Arbed 1QSD -20 Aitur 3m Brue*n MO -20 Bru-LAmb 1004 unci) Canptc 1373 >40 Cock 137 •3 Dt Been 273 -ft Cbtl 1341 -r Etoctrotwl mno •10 Ob-In no-Bm vm >13 Ott 13(2 12 Hobok 2246 -96 P*tro 3880 ft Ryl
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      • 195 8 OCT 18 Prancs Action* Sulaan M1B unch Alusulaae Br. 110 -5 Aiuaulaae Ret Brown Bcmi Br. MS ttlS -4 -B Clba OelCT Br 1140 «> Clba Oeigjr P C no •1 ciba Oetty n*t Credit Suuae Br sio unch Credit Bulac H*f 306 -S Elektrowatt Br. no -n Oeorfe
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      • 87 8 OCT U Anlr Lire ausp Kmoe Oen Bulofl CentraJ* S3oo mis 5300 -1900 -SJ6 -too rut 1400 -IS rinuder SB -ITS Oen Immot) 1461 -J# m Pel WDl -100 lUlc«m<nU MOO -1000 Ittln* us -S IUKidcr M PI Mar* Ul Ere Med lob ausp m S3» -s -3(00 Simians
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    • 183 8 OCT 1» Ct AMUM 3D* H Aiean a* tt Alcorn* MH Bank Moot a* Bank Nova Scott a J»* Bell T(l IT1 unch Bath Corp BP Can Ltd 36 unch Braacan Csinp fUd Lilf 7DS H Can Imp Bk Can par 41 Canpac In* Pt IB unch Cartinc OTCaalt.
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    • 274 8 OCT 15 Rand INDUSTRIALS A Alpha MO utyh Atercom AX And CI MO 1000 ♦s A MIC 3000 iota irs ♦so Barlowi C« Bum -n (ti 710 CufTM Finance D* Own Ind no mo -1 Kdcmn Bw> PM Vol* PUCH Oardian sis unch 570 as +5 Ottnanl Ottumn Hippo
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  • Page 8 Advertisements
    • 224 8 "The American Express Card serves you well, wherever good food is served". Snacks for your island treks Kti Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dor Hamburger Sandwiches Roast Beef k. Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday Public Holidays 8.00 a.m.
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    • 137 8 fyb tUw JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Jcpanese delights. (Jpen citith' 12 noon /-> m h U) i) in 1(1 ■>() p m For reservations call *****77 ilk® ciHiin I'jii-k S»lK'i'iil<>ii S»in^ai|H»i Nassim Htii. Sifiqaoore 1U25. Te> 737^677 Ooera r ed Dy ANA HOTELS INTERNATIONAL I
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    • 179 8 See Page 9 for Asian stocks and NYSE prices bight; up £>o«p Doe.pavali r 2 .ru"' v 'ill K.i-iu >" M.i* .>■ K« r h,'Ml t „va.r, i) :„yhmup Ffct v 'A SWEET DELIGHTS v«»ut with «|ih <»l iirtdHMinal f» siivr sum-Is lt«»nt R.tno M.*l> rt J y ■wfJGAPOPf Merlin
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    • 174 8 Inn Of Happiness Dine Dine Cantonese style. Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations. I4ai please call 737-2233. ISts HH'TON INTfcRNATtONAb MNGAPORfc Where The World Is
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    • 253 8 It !s as good as going to Bangkok. x *\r I j s 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
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  • RAW MATERIALS
    • 807 9 COFFEE: Robusta futures yesterday ended the morning slightly steadier at £18 to £24 higher, showing gains on the opening levels, dealers said. Turnover totalled 3,382 lots including 424 cross trades. Prices firmed on continuation of Thursday's short covering and nervous purchasing on rumours, since dismissed by Western diplomats
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    • 174 9 CHINESE Preface ExefcMge, Stagapere, mm eleslag price* per lMkg yesterday. CecMat *U: Bulk fob $113.50 sellers, old drum (in second hand drum) fob $127.75 sellers, new drum fob $132.75 sellers. Cepra: Mixed (loose) $57 buyers. Pepper: Muntok white pepper fob Asta NLW $380.00 sellers, Sarawak white pepper faq
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    • 193 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yan: China Blue Phoenix 20s 2,450; 32s 2,990, 40s 3,120 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 322 9 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.33, 100 per cent second class 1.13, 100 per cent third class 1.08, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.75, Special
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    • 134 9 WHEAT futures in Chicago on Thursday extended losses late to close down 6'/« to 4V* US cents a bushel in mostly local trade. Late follow-through local long liquidation following Wednesday's technically weak performance forced prices to new day's lows. Rumours circulated concerning Soviet deferment of US wheat shipments, leading
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    • 951 9 BARGAIN hunting, particularly among oil and technology issues, took hold late in the day and caused the New York stock market on Thursday to close higher. The Dow Jones industrial average finished up about six points, regaining almost half the ground it lost in Wednesday's sharp decline.
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    • 96 9 THE STRAITS tin price In Peaaag yesterday fell six cents to M 535.52 a klio, still five cents above the ITA celling range of $35.47, dealers said. The (all was attributed to operators waiting for developments at the International Tin Cornell meeting in Its second day In Koala
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    • 34 9 Rubber: Oct 16 Singapore: Nov: 199.00 cents (down 3.00 cents) Malay sis: Nov: 230.00 cents (down 2.50 cents) Tin: M*35.52 per kilo (down 6 cents) Official offering: 153 tonnes (down 85 tonnes)
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    • 215 9 SOYBEAN futures in Chicago on Thursday closed on day's lows, down eight to 6 ■A US cents a bushel. Trade disappointment over Wednesday's technically weak performance, and sentiment that the market may now be technically overbought, prompted local long liquidation from the start. Early weakness on European markets in
      215 words
    • 217 9 RUBBER prices in Singapore yesterday closed easier with November One RSS buyers quoted at 199.00 cents per kilo, down three cents from Thursday's close, dealers said The market was on the defensive again when November came under selling pressure in early afternoon trading to to«yh a low of 198
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    • 398 9 RAS price* In cents per kilo yesterday: Noon Clone (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. lit.00 197 00N 194 00 195 OON Int. 1 R.S.S November ***** 201 SO 199 00 ***** Int. 1 R S.S December 209.50 ***** 208 00
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    • 128 9 NOON SSI and SMR pnc aa yeaiafdar RA8 SSR JO SSRSO (1 to* pa (1 ton p« Nonator (Carnal MUl Bayara Sailara JIM) ***** 168 00 N llatl 164 00 166 00N Dfctabfr (Parwar4 Mtk) Bayara Sailara 167 00 168 00N 166.00 167.OON MRELB N o trab«
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    • 126 9 THE Kuala Lumpur market yesterday closed easier on light selling in moderate trading, dealers said. October in the south dropped MJ2.50 to $922.50 a tonne while central was unchanged at $925. In November, north and south fell 12.50 each to 1932.50 and $920 respectively. December and January also
      126 words
    • 440 9 AFP SAGO PALM cultivation needs to be revived and launched on a commercial scale in the many acres of swampy, idle and abandoned padi land now available in Peninsular Malaysia. This view was expressed recently by sago palm researcher Dr
      AFP  -  440 words
    • 277 9 PRICES moved uncertainly within a six-cent band to finish three cents down despite London's overall gain in the week ended Oct 15, as current One RSS was taken up to 208 (S) cents before falling to 202 cents per kilo, Hatttoy, fetter, Balk ud Csmpaay
      277 words
  • ASIAN STOCKS
    • 264 9 HONGKONG THE Hongkong stock market yesterday closed lower on liquidation ahead of the weekend after trading steadier in the morning, dealers said. The Hang Seng index ended 16.25 lower at 1,249.47. It fell 23.52 on Thursday. Brokers said they believe share prices will consolidate at current levels
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    • 297 9 NEWS OF A new diamond find near the Argyle deposit in Western Australia produced one of the few bright spots on a weaker Sydney market yesterday. CRA, which has a 57 per cent shareholding in the Ashton Joint venture, fell two cents to $3.18. Peko dropped 30
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    • 375 9 SHARE prices in Tokyo yesterday closed sharply lower for the second day in succession, with the market average shedding 121.07 to close at 7,231.42, dealers said. This follows the 141.64 fall in the market average on Thursday. However, dealers said trading continued limited, with a volume
      375 words
    • 73 9 OCT 1« Bahu Asia Fibre Anitlun In* AnaTrom. mjo -04 Bangkok Bank Bank Ot Ayudhaya 91 unch ljit 1M uncfi Berll Jucker Charoong Thai UMT* 177 unch First Trust 4# -0-25 Industrial Finance Corp tnso 1 International Cosmetics International Trust And ru Rama Tower 56.15 -0.5 Safta Union 142
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    • 116 9 THE Manila market yesterday closed lower on balance as the commercial/industrial sector rose and mining and oils remained easier. Turnover rose to 2.7 million pesos from two million, dealers said. OCT If Pem AcoJ* Mining 0032 -0 0004 AUu Con. A A tlx Coo. a ».ao 01 Bafuio OokJ
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    • 50 9 FINANCIAL TIMES INDUSTRIALS Thursday 473.2 Wednesday 472.4 Week Ago 487.7 DOW JONES AVERAGE INDUSTRIALS Thursday 856.28 Wednesday 850.85 Week Ago 878.14 H.K.HANG SENG Friday 1249.47 Thursday 1265.72 Week Ago 1302.42 AUSTRALIAN INDUSTRIALS Friday 684.2 Thursday 687.6 Week Ago 6W.4 ALL ORDINARIES Friday 572.0 Thursday 577.5 Week Ago 5921
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  • Page 9 Advertisements
    • 235 9 from The OPEN university PRESS Books that encourage constructive discussion so that the non-specialist will be able to influence the development of the computer and its pattern of exploitation. m evs §c THE FUTURE WITH MICROELECTRONICS by lann Barron and Ray Curnow Within the next five years microelectronics technology will
      235 words

  • 1357 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 COMMERCIAL Acma (2-SOB 2.525)
    1,357 words
  • 197 10 SINGAPORE I "NTT TR18T >W> tar Oct 11) DIAMOND MOT STORE (Managers' prtoas lor Oe4 W A 11) The Commerce The Savings Fund 2.80 1.C3 2.94 1.71 Diamond S'pare Fd (USt) on 0.88 S pore Prog Fund S pore Sec. Fund 1.22 1.17 1.2ted 1* S) (Sep) (today)
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  • 2777 10 Gr'» Gr'a Net 1981 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 250 Acma 252xd -3 14.5 3 3 5.7 9.0 1 252 252 115 115 Alcom 115 4.8 2.0 4.1 193 350 130
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  • 1523 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. IMHSTBIALB Mem (1.385) (4) 1 26 (I) 1 25 (1) 1 28
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  • 244 10 HUME ladastriM (MalayMa) Berhad: Twenty-sec-ond AGM to be held in the Board Room, 1st Floor, Jalan 219, Off Federal Highway, Petaling Jaya on Oct 19 at noon. 8AN HsMtfi Berhad: Seventeenth AGM to be held at Penthouse, 10th Floor, Wisma Central, Jalan Ampang, Kuala Lumpur on Oct 20
    244 words
  • 775 10 IT WOULD Mt have mattered very mack whether the ■toek market vu apea far tradlag yesterday. Speculators aad isvestors alike, tt seemed, were mere laterested to the weekead ahead. TnwHag was very talet yesterday with the saderteae «lightly «after aad the Straits Time* ladastrial lade*,
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  • 618 10 THE mood remained largely indifferent at the Kuala Lumpur stock market yesterday as prices closed the week easier in dull trading. Turnover went below two million units, one of the lowest for the year. Prices drifted for the better part of the day on poor
    618 words

  • COMPANY NEWS
    • 632 11 BARLOW Holdings is to consider the payment of a special distribution to shareholders when it has received the proceeds estimated at £20 million net from the sale of a 70 per cent interest in the group's Malaysian plantations. The interest in the plantations is
      632 words
    • 102 11 TASEK Cement Bhd will hold its annual general meeting at its premises at Tasek Industrial Estate, Tasek Drive, Ipoh, at 12 noon on Nov 7. The AGM will approve an increase in the authorised capital of the company from $100 million to $300 million by the creation of
      102 words
    • 618 11 Carreat El Baeka Date TataJfer TataJfer Paymeat Dale Claae Payable theyear Preiieaa A una 10%(h) Oct 13 Oct 20 Nov 20 10%TE 14.5%(a) AUMCBae 7% NYA NYA NYA 7% 4%TE Apatla 5%I Oct 6 Oct 14 Oct 22 5% 10% B LJataag 10% Oct 23 Nov 5 Nov
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    • 246 11 Company Particulars Ex Date Books Close Fiftee G Luther Bonus issue of 1 for 10 NYA NYA Bonus issue of 1 for 5 Rights issue of 1 for 5 Oct 7 Oct 20 fe, $1.00 per share Oct 7 Oct 20 i (Bonus entitled to rights) GlilMM Bonus
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    • 1455 11  -  By KOH TSE YING IN AN effort to streamline its divisional operations, Sime Darby Bhd has disbanded one of its six divisions the commodity refining division and placed its commercial activities under the control of the Asean and Pacific basin and the plantation divisions. Giving an
      1,455 words
    • 269 11 PARIT Perak Holdings Bhd, a quiet but otherwise one of the largest Malaysian plantation holding companies, lifted group pre-tax profits for the financial year ended June 30, 1981 by 42.6 per cent to M 59.99 million on a total income of $10.46 million,
      269 words
    • In Hongkong...
      • 212 11 Reuter has acquired 49 per cent of the issued share capital of Howard Land Investment Co Ltd, Howard said in a statement. The shares in Howard are currently suspended from trading on the Kowloon Stock Exchange. But, based on Long Leo's proposals the suspension, imposed on
        Reuter  -  212 words
  • Page 11 Advertisements
    • 138 11 **5 a m 55 fifs S 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. This book is now available at $4/- a copy at the
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  • 469 12  -  By KOH TSE YING UNITED Industrial Corporation, which ventured into the American property market only four months ago, has acquired more property in that country. The company said yesterday that it has entered into agreement with a Pennsylvanian business trust FR Liquidating Group to purchase
    469 words
  • 170 12 DEVELOPMENT Bank of Singapore has appointed three new civil servants to its board of directors following the resignation on Wednesday of Sim Kee Boon, Tan Boon Teik and Tan Chok Kian. Replacing the three are Koh Cher Slang, Lim Siong Guan and Wong Hung Khim.
    170 words
  • 333 12 Date last Fall Year Company Period Announced Net EPS Grew Pre-tax Last year (cents) Div Profit (Vmy Nanyang F 17/9 33.7 13.2(b 3,389 Supreme Plant F 17/9 7.10 285 Textile Corp I 25/9 15.6 10. I 2,368* Raleigh I 26/9 30.8 5.0 1.274(f) U IC F 30/9 9.2
    333 words
  • 800 12 LONDON, Fri. The market closed lower after a quiet session. At 3pm the FT index was 9.7 points lower to 463.5. Dealers said the decline reflected a large measure of support for strike action by BL car workers over a pay demand and rumours of Soviet military intervention
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  • 77 12 AP NEW YORK, Fri. The stock market was mixed this morning as traders waited for more clues to the future direction of interest rates. The Dow Jones average of 30 industrials slipped 1.24 points to 855.02 in the first half hour. But gainers took a 4-to-3 lead
    AP  -  77 words
  • 268 12 THE local arm of New York stockbroking firm Bache Halsey Stuart Shields has outgrown its premises at UOB Building, and now occupies the entire sixth floor in Wing On Life Building. Edward TCLim, vicepresident and managing director of Bache Halsey Stuart Asia Pacific, said he had been
    268 words
  • 82 12 IPOH Garden Berhad, a Malaysian-based company which recently obtained a secondary listing on the Stock Exchange of Singapore, has incorporated a company known as Ipoh Garden Parking. The joint venture, in which Ipoh Garden and Weng Weng have equal participation, was set up last month. It has
    82 words
  • 380 12 Companies Editor: Mano Sabnani INVESTORS in the local i market may do well to confine their investments to low-risk companies underpinned by good yields and assets, given the present uncertainty over the extent and duration of high interest rates. "Investment in the equity market is being held
    380 words
  • 219 12 WORLDWIDE Holdings Berhad, which has been suspended from the boards of the Singapore and Kuala Lumpur stock exchanges since 1976, has managed to turn in pre-tax profits of $2,692 in the first six months of this year. This is a reversal of its performance for the same period
    219 words
  • 269 12 PALM oil based Lingui Developments Bhd, which recently diversified into properties, achieved a 97 per cent increase in group pre-tax profit to M 5850,000 for the year ended June 30, 1981. Lingui's preliminary results show that group turnover rose 88 per cent to $2.96 million. The
    269 words
  • 204 12 AN offer by Sparlstream Investments Ltd for the remaining shares in Renong Tin Dredging Company has been declared unconditional. On behalf of Sparlstream, NM Rothschild and Sons (Singapore) yesterday announced that it has so far received acceptances totalling 10,000 ordinary stock units of 10 pence
    204 words
  • Chief Price Changes
    • 152 12 Rises Indices Keaapaa 525 Syn Rciiii 374 H Leong Credit 730 PMC 390 I C B 530 B Sembawang 384 Apollo 304 M Breweriea 452 Bouateadeo 424 Hume M 420 U I Securitiea 117 Falls «5 28 10 8 5 4 +4 +2 2 +2 +2 BT Indicator: Industrials:
      152 words
    • Article, Illustration
      137 12 PRICES eased slightly yesterday li very quiet trading. The Straits Times Industrial Index shed 2.M points to 649.75 while the Buineas Hon Index lest 812 points to 114,321. Rises Indices G Kent (M) 560 110 Oct 15 Oct 16 Kempas 580 80 BT Index: *****0 amis M Mosaics
      137 words
  • Page 12 Advertisements
    • 51 12 NOTICE V»y H/L ntM MUI OtMw, IMI. at PA.A. Oiliwi N*. M. General Survey of damaged cargo ex the above vessels will be held on Tuesday 20th October, LJBI, from 9.00 a.m. to 1.00 p.m. No further survey will be held after this ate. Afeafc:- JtMABHOY SONS (PW) Lin. Tel:-
      51 words
    • 305 12 What will your Children become? Chemist/Analyst Doctor Laboratory Assistant Metallurgist Technician Computer Programmer Meteorologist Engineer Draughtsman Physicist Architect Designer Sociologist Accountant 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
      305 words
  • Page 12 Miscellaneous
    • 67 12 Outlook for Singapore from 6am to lpm today: Cloudy with showers in several areas clearing in the late morning. Re part for 24 hoars prior to 1J pm on Oct II at the airport: Maximum temperature 32.4 Associated humidity 59 Minimum temperature 25.2 Associated humidity 93 Hours of sunshine 1.60
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  • LEISURE TIMES
    • 266 13  -  By PETER WONG ANITA SARAWAK still has power. She never ceases te prance on stage, gyrating her My with quick movements aad belting oat song alter song. By the time the show ends, it wonld not he Anita who is pooped bat the audience. Anita
      266 words
    • 498 13  -  By BARRY VOLPERT NINETY wine connoisseurs and imposters gathered at the Sheraton Hotel on Wedensday night to sample 30 Californian wines. The occasion was a wine tasting organised by the wine merchants Escoffier Pte Ltd. In just three hours, the guests (some invited, and the not so lucky ones
      498 words
    • Article, Illustration
      631 13  -  Art has no constraints, no single medium. That is why Royal Worcester, reports SIOW LI SEN, has ventured into producing subjects from the Impressionist era. SIOW LI SEN, ROYAL WORCESTER has taken the truism that "art has no constraints, no single medium" to heart. It has come up with
      631 words
    • Article, Illustration
      220 13 A SEASON erf mist and mellow fruitfulness wasn't that how the Romantic poet John Keats described autumn with its profusion of fruit and riot of rich, warm colours? All brought to mind, somehow, when viewing Royal Worcester's art of "Painted fruit". This art first appeared on Worcester porcelain
      220 words
    • 337 13  -  By SALMA KHALIK DO YOU have a free hand? Then grab a beer and drink, is the motto for the night, for Oktoberfest is here again. While some may say that Holiday Inn's German Beer Festival is very tame compared with the "real thing" in
      337 words
    • Article, Illustration
      963 14  -  House of Dunhill PGA Championships Taking the lead in the House of Dunhill PGA Championships is Sukree Onsham who had no complaints about his game, except for his putting, a problem shared by many others in the tournament. CHARMAINE CHAN reports. CHARMAINE CHAN PINT-SIZED Sukree Onsham has taken
      PHOTOS: Mazian Badron  -  963 words
    • 534 14  -  BY KOH TSE YING AFTER seven long years, the Dane Cup is once more in the hands of the Singapore Flying Club. The SFC team scored the highest points among Malaysian and Singapore pilots at the Annual Air International Air Rally last weekend and
      534 words
    • 918 14  -  By RONALD KOW WHEN a player of such prominence as national football captain Samad Allapitchay announces his retirement, one would naturally like to know what sort of "retirement benefits" he is going to get. The Football Association of Singapore (FAS) should now be working on
      918 words
    • 648 14 THE PROPOSED Asean Golf Circuit will start next year with its base in Malaysia and Singapore as there are eight confirmed tournaments between them. Indonesia, Thailand and the Philippines have yet to confirm any sponsorships for next year. When they do, they will
      648 words
    • 924 14  -  ■OTOBIIG with Hermes LADA CARS are produced by Volzhsky Motor Works at its factory in Togliatti, built with technical assistance from Fiat of Italy. Today, a car rolls off its assembly lines eve»y 20 seconds. Exports of the Lada began in 1971, totalling more than 300,000 units
      924 words
    • 206 14 TODAY: GOLF: SICC: The Dunhil] Professional Golfers' Association Championship will finish this afternoon after the final 18 holes have been played at the Bukit course. Sembawang: Sixteen pairs will be competing in the second round of the four ball best ball Matchplay Championship this morning;. Warren: Thirty-eight
      206 words
    • 169 14 NATIONAL til Mr li—l« player Grace Kim May Ua was picked by tke SUgapare Sparts CmkU to be tke drat redpieat ti tke $2,<H Est* (Jalverslty Bparto Sckalar Award. A ww< year Arte aad Serial Sdeaee atadeat at tke NattoaaJ Ualveraity af Stagapere, Mlaa Kim is
      169 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 533 13 WHAT WHERE V FILM SHOWS THE Promotion and Programmes Section of the Queenstown Branch Library is screening Pilgrimage to Mecca today. At 3pm in the Library's Lecture Room. Free admission. o o A SUPER heroine comes to the screen of the Hilton Movie-House tomorrow. Cleopatra Joaea, played by beautiful black
      533 words