The Business Times, 17 October 1981
1981-10-17
1
14
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The Business Times
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Title Section10 1981-10-17 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, OCTOBER 17,1981 60 CENTS10 words
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435 1981-10-17 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 cheated435 words
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226 1981-10-17 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 the226 words
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Article493 1981-10-17 1 LEE YOKE MENG - 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 Companhia493 words
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459 1981-10-17 1 AGNES WEE - 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 of459 words
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275 1981-10-17 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 saidReuter,; UPI - 275 words
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BRIEFLY...
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Article58 1981-10-17 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. TheAFP - 58 words
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Article59 1981-10-17 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 weeksUPI - 59 words
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Article61 1981-10-17 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 decideReuter - 61 words
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Article76 1981-10-17 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 payReuter - 76 words
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Article68 1981-10-17 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 stillAP - 68 words
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Article59 1981-10-17 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 toReuter - 59 words
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Article64 1981-10-17 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 themReuter - 64 words
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Article29 1981-10-17 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. v29 words
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445 1981-10-17 1 TSANG SAU YIN - 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,445 words
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Article410 1981-10-17 1 RICHARD SEAH - 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 heavy410 words
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Page 1 Advertisements
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Advertisement243 1981-10-17 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 Holdings243 words
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Advertisement201 1981-10-17 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 woods201 words
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Advertisement55 1981-10-17 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. 6t55 words
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BANKING AND FINANCE
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Article650 1981-10-17 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 AsiaReuter. - 650 words
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361 1981-10-17 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 be361 words
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264 1981-10-17 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 $1N mlllien will be used te faad his personal takeover bidReuter - 264 words
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Article823 1981-10-17 2 A FLICKER of irritation passes across the face of Mr Eugene Rotberg, Treasurer of the World Bank, as he is asked whether the Bank has saturated the Swiss capital market with too many bond issues. "It would be dangerous and absurd for us to rely on one823 words
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Article225 1981-10-17 2 BOTH the Japanese yen and the Dutch guilder are expected to appreciate against the US dollar. According to the Manufacturers Hanover Trust's (MHT) latest currency review, better economic performance and a softer dollar will augur well for the Japanese and Dutch currencies. The yen may even225 words
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Article97 1981-10-17 2 THE INSTITUTE of Banking and Finance (IBF) is organising a five-day training seminar aimed at upgrading the skill and expertise of foreign exchange dealers in Singapore. The programme, starting on Monday, is backed by intensive exercises, case studies and a mini-dealing game. Mr John Smalley,97 words
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Article157 1981-10-17 2 FRENCH borrowers plan to issue six bonds worth a total 6.75 billion francs on the domestic bond market next week, primary market sources said. The sharply higher market interest is due to the need for banks to borrow outside the government's credit controls, to normal funding requirements157 words
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Article106 1981-10-17 2 Reuter THE US Expert-Impart Baik ku decided to mpwi WaaaHag of the pirctan at II af a total at 2S Baetag Co aircraft Mag baaght by Japaa Airway* Ce Ltd. The alrttae haa ordered 26 Baetag 7C7 Jeto warth abeat US$l Mlltoa. It haa alaa rigaed aReuter - 106 words
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MONEY AND EXCHANGES
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Article468 1981-10-17 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 US468 words
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Article179 1981-10-17 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. Trading179 words
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Article22 1981-10-17 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 15.1 per cent.22 words
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Article178 1981-10-17 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 3178 words
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Article44 1981-10-17 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 Co44 words
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Article51 1981-10-17 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 per51 words
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Article227 1981-10-17 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 at227 words
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Article37 1981-10-17 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.37 words
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Article123 1981-10-17 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 marks123 words
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Article118 1981-10-17 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 York118 words
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Page 2 Advertisements
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Advertisement131 1981-10-17 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) is131 words
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Page 3 Advertisements
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Advertisement414 1981-10-17 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 Group414 words
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OVERSEAS
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685 1981-10-17 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 saidReuter,; AFP - 685 words
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Article78 1981-10-17 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 commencementAFP - 78 words
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Article287 1981-10-17 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 PeterAP - 287 words
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299 1981-10-17 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 aReuter - 299 words
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Article416 1981-10-17 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 shippingReuter - 416 words
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339 1981-10-17 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 combinedReuter - 339 words
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295 1981-10-17 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
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Article292 1981-10-17 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 andReuter - 292 words
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Article, Illustration514 1981-10-17 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)514 words
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Article326 1981-10-17 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, whoUPI - 326 words
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183 1981-10-17 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
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WORLD IN BRIEF
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Article417 1981-10-17 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 produceAgencies - 417 words
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Article754 1981-10-17 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 1130754 words
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Page 4 Advertisements
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TRADE AND INDUSTRY
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353 1981-10-17 5 LIM SOON NEO - 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 by353 words
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192 1981-10-17 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 acquisitions192 words
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Article211 1981-10-17 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 20211 words
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Article81 1981-10-17 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 of81 words
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Article420 1981-10-17 5 LOH HUI YIN - 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 upgrading420 words
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Article562 1981-10-17 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 tank562 words
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Article628 1981-10-17 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,628 words
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Page 5 Advertisements
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Advertisement466 1981-10-17 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. And466 words
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Article461 1981-10-17 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 veiled461 words
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240 1981-10-17 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, passage240 words
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Article, Illustration4405 1981-10-17 6 DONALD F SINCLAIR - 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 that4,405 words
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Page 6 Miscellaneous
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Miscellaneous640 1981-10-17 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 in640 words
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Miscellaneous686 1981-10-17 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)686 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article166 1981-10-17 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 DtlJ166 words
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Article263 1981-10-17 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 38263 words
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Article194 1981-10-17 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 ConU194 words
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Article85 1981-10-17 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 Ryl85 words
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Article195 1981-10-17 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 Oeorfe195 words
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Article87 1981-10-17 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 Simians87 words
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Article183 1981-10-17 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.183 words
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Article274 1981-10-17 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 Hippo274 words
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Page 8 Advertisements
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Advertisement224 1981-10-17 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.224 words
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Advertisement137 1981-10-17 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 I137 words
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Advertisement179 1981-10-17 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 Merlin179 words
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Advertisement174 1981-10-17 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 Is174 words
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Advertisement253 1981-10-17 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 our253 words
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RAW MATERIALS
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Article807 1981-10-17 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 diplomats807 words
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Article174 1981-10-17 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 $380.00 sellers, Sarawak white pepper faq174 words
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Article193 1981-10-17 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yan: China Blue Phoenix 20s 2,450; 32s 2,990, 40s 3,120 (per bale of 400 lbs). Piece gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article322 1981-10-17 9 SINGAPORE: Yesterdays closing prices in S$ 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, Special322 words
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Article134 1981-10-17 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, leading134 words
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Article951 1981-10-17 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.951 words
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Article96 1981-10-17 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 Koala96 words
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Article34 1981-10-17 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)34 words
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Article215 1981-10-17 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 in215 words
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Article217 1981-10-17 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 198217 words
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Article398 1981-10-17 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 00398 words
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Article128 1981-10-17 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«128 words
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Article126 1981-10-17 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 also126 words
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440 1981-10-17 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 DrAFP - 440 words
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277 1981-10-17 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 Csmpaay277 words
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ASIAN STOCKS
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Article264 1981-10-17 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 levels264 words
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Article297 1981-10-17 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 30297 words
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Article375 1981-10-17 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 volume375 words
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Article73 1981-10-17 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 14273 words
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Article116 1981-10-17 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 OokJ116 words
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Article50 1981-10-17 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 592150 words
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Page 9 Advertisements
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Advertisement235 1981-10-17 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 will235 words
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1357 1981-10-17 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
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Article197 1981-10-17 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)197 words
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Article2777 1981-10-17 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 1302,777 words
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Article1523 1981-10-17 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) 1 281,523 words
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Article244 1981-10-17 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 20244 words
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Article775 1981-10-17 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*,775 words
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Article618 1981-10-17 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 poor618 words
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COMPANY NEWS
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632 1981-10-17 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 is632 words
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Article102 1981-10-17 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 of102 words
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Article618 1981-10-17 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 Nov618 words
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Article246 1981-10-17 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 Bonus246 words
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Article, Illustration1455 1981-10-17 11 KOH TSE YING - 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 an1,455 words
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269 1981-10-17 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
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In Hongkong...
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Article212 1981-10-17 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 onReuter - 212 words
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Page 11 Advertisements
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Advertisement138 1981-10-17 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 the138 words
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469 1981-10-17 12 KOH TSE YING - 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 purchase469 words
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Article, Illustration170 1981-10-17 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
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Article333 1981-10-17 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 9.2333 words
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Article800 1981-10-17 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 intervention800 words
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Article77 1981-10-17 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 leadAP - 77 words
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Article268 1981-10-17 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 been268 words
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Article82 1981-10-17 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 has82 words
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Article380 1981-10-17 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 held380 words
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Article219 1981-10-17 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 period219 words
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269 1981-10-17 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. The269 words
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Article204 1981-10-17 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 pence204 words
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Chief Price Changes
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Article152 1981-10-17 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
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Article, Illustration137 1981-10-17 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 Mosaics137 words
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Page 12 Advertisements
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Advertisement51 1981-10-17 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
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Advertisement305 1981-10-17 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? The305 words
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Page 12 Miscellaneous
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Miscellaneous67 1981-10-17 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 1.6067 words
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LEISURE TIMES
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Article266 1981-10-17 13 PETER WONG - 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. Anita266 words
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Article498 1981-10-17 13 BARRY VOLPERT - 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 ones498 words
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Article, Illustration631 1981-10-17 13 SIOW LI SEN - 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 with631 words
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Article, Illustration220 1981-10-17 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 porcelain220 words
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Article, Illustration337 1981-10-17 13 SALMA KHALIK - 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" in337 words
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Article, Illustration963 1981-10-17 14 CHARMAINE CHAN - 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 takenPHOTOS: Mazian Badron - 963 words
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Article534 1981-10-17 14 KOH TSE YING - 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 and534 words
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Article, Illustration918 1981-10-17 14 RONALD KOW - 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 on918 words
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648 1981-10-17 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 will648 words
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Article924 1981-10-17 14 Hermes - ■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 units924 words
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Article206 1981-10-17 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-eight206 words
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Article169 1981-10-17 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 is169 words
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Page 13 Advertisements
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Advertisement6 1981-10-17 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Advertisement10 1981-10-17 13 'BUSINESS TIMES When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous533 1981-10-17 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 black533 words
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