The Business Times, 7 November 1981

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, NOVEMBER 1, HU 60 CENTS
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  • 301 1 THE Government of Singapore Investment Corporation (GSIC), manager of the country's huge surplus reserves, may open an office in London or New York. According to the latest issue of Institutional Investor, an overseas office in either dty will reduce the difficulty
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  • 773 1  -  By KOH TSE YING THE STOCK Exchange of Singapore (SES) has questioned the wisdom of establishing a confidential secretariat as recommended by the Singapore Merchant Bankers Association (SMBA). The current policy of open disclosure exists to reduce the opportunities for insider trading, and setting up
    773 words
  • 332 1  -  By WONG AI KWEI AN OLD issue "AO Talk And No Action" again dominated an Asean-OCI Industry club meeting. On the opening day of the 7th council meeting of the Asean Federation of Electrical, Electronics Allied Industrie* in Bangkok yesteiday, delegates were reminded of their
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  • 369 1  -  By LILLIAN CHEW THE economic restructuring programme is off to a good start The 1980 statistics in the Economic Development Board's simnsl report show that the Republic passed the second year of its second industrial revolution with flying colours. The value-added per worker of new investment
    369 words
  • 214 1 ASEAN wffl Joet have to "■it, stoke and watt" aa fundamental realities wtQ lead slowly but Inexorably to Vietnam aaaktog an hononrabie way out of Its political Involvement In Kampuchea. Speaking to the Southeast Asian PorrespowkuUi Asanrlatlnn yesterday, Mr S Dhanabalan, Minister lor Foreign Attain and
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  • BRIEFLY...
    • 65 1 Reuter WASHINGTON, Fri. The US unemployment rate climbed to 8 per cent last month, the highest level in almost six years. The Labour Department said more than 500,000 workers were added to the jobless rolls last month. Unemployment in the US has not been this high since
      Reuter  -  65 words
    • 75 1 Reuter HONGKONG, Fri. Several Hongkong banks, led by the Hongkong and Shanghai Bank, today cut their prime lending rate by one per cent to 19 per cent Ttaiey said the reduction reflected a continuing decline in interest rates in local and overseas markets. Financial Secretary John
      Reuter  -  75 words
    • 61 1 UPI TOKYO, Fri. A ranking Finance Ministry official suggested today that Japan Impose export levies to restrain the surge of Japanese goods which have become targets of complaint from the United States and Western Europe. The official argued that neither a crash programme of "emergency imports" nor the
      UPI  -  61 words
    • 72 1 AFP TOKYO, Fri. New machinery orders received by Japanese companies In September rose 14.2 per cent from August to 1,278,600 million yen for the second straight monthly gain, indicating recovery in plant and equipment investments. The Economic Planning Agency said new machinery orders, a lending indicator of investments
      AFP  -  72 words
    • 28 1 JAKARTA, FTi. Indonesia has decided to drop subsidies on food nest year because of bumper harvests, National Logistics Board (Bulog) chief Bustanil Arlfln said today.
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    • 94 1 AP TOKYO, Frl. Thai Prime Minister Prem Tlnsulanonda today called on Japan to (day a greater political and economic role "commensurate with its economic strength and responsibility" in South-east Asia since Japan and Thailand, along with other Asean countries, Australia and New Zealand are "in the mm» boat."
      AP  -  94 words
    • 61 1 AFP KUALA LUMPUR, Fri. Twentythree national news agencies from 19 countries today launched the Asia-Pacific News Network (ANN) to correct the "information imbalance" caused by the monopoly of Western media. The network, which will be operational from January next year, will seek to promote freer flow of news
      AFP  -  61 words
  • 461 1 i BUSINESSMEN are less optimistic about their proe- pects for the next six months than they were three months ago. Fewer companies expect increases in employment orders, output or overseas deliveries than they did at i that time. Theee are the findings of the
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  • 128 1 HIE stick Mitel wmHed Miftw heavy tee ■•veT^lv Straits Tfaei hMriil Mcs pat aa a farther IMS paints mMJn. SKSj^S te th drift tee tateeaf eeald *te ten iuplrei te farther deeßan la teem* rate at the cai st tet week. Usee friaM kadte rate
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  • Page 1 Advertisements
    • 222 1 araa THERE is nothing new In the Singapore Merchant Bankers Association's pre-Budg-et submissions on tax treatment with regard to investment trusts Page 12 MIDLAND Montagu will widen its activities with emphasis on international capital markets and corporate finance Page I THE Government may resort to legislation to maintain standards if
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    • 208 1 Swing With A Perfect 2M 1 tan 10. Bi r L The form and function of many things are often rated on a scaie of 1 to 10. Hi This includes Olympic competitive scoring, pretty girts and golf clubs. That's why Lynx named its newest, hottest model golf club '10*.
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    • 3 1 %,(^?!((~`\?_<]@{^?-`!/%\`^?{"~ 8m Page S
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    • 56 1 T r h :r; i 4. > STANLEY LEASI N( ,HA\l At the Clare Leasingham Valley, nature conspires with man to produce a vintage. ■f' nij'L/r a' i-w "a* STANLEY LEASINGHAM 1980 RIESLING ho scoured an* morrv-rr > 'iu, V' •1 a- 1 r *'i Hock Tong Bee Pte Ltd
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  • BANKING AND FINANCE
    • 447 2  -  By LILLIAN CHEW MIDLAND MONTAGU'S activities in Singapore will soon reflect the major u reorganisation and shift in global y strategy that has swept Samuel Mon-,-tagu since the arrival of Staffan Gadd as its chief executive, v Ak. The Singapore merchant bank will widen its activities with
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    • 473 2 THE MALAYSIAN insurance industry has failed to establish a viable and efficient organisation to the needs of the nation in the wake of sophisticated industrial development. The Malaysian DirectorGeneral of Insurance, Endk Shaharuddin bin Haji Haron, also chided the industry for engaging in intense competition in areas
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    • 128 2 DEVELOPMENT Bank sf Hhg>pirr (DBS) to cutting lis srißM lMk| rate by M percentage print is 14 per cent from Monday. Its savings and aatssave depestt rates will atos be reduced by U percentage pstnt te 114 per cent and 11 per cent, respectively. Fixed
      128 words
    • 186 2 JapaneseAsean meeting THE EIGHTH Asean-Japa-nese Businessmen's Meeting will be held on Nov 16 and 17 at the Mandarin Hotel. Planned to coincide with the official inauguration of the Asean-Japan Development Corp (AJDC), it will involve private businessmen, bankers and government representatives of the Asean countries and Japan. The AJDC, the
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    • 90 2 AN AGREEMENT for a multi-currency loan worth US$l3O million was signed in Singapore yesterday. As reported by Ftusinres Times earlier the loan will finance -two cement plants in Indonesia. Hie borrowni are two Indonesian companies, P.T. Perkass Inti Abadi Indonesia Cement Enterprise P.T. Perkasa Abadi Mulia Indonesia Cement
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    • 475 2 THE AMERICAN dollar weakened against most major currencies on the local foreign exchange market yesterday. Dealers sttributed this to the bearish sentiment following expectations that interest rates will be easier. Against the Singapore dollar, the US unit opened at 2.0855/65. However, it plunged to close much lower at
      475 words
    • 153 2 THE US dollar for overnight delivery in Tokyo yesterday closed firmer at 229.10 yen after a 229.00 opening. This was also firmer than a 228 75 95 close both in New York and oo the US West Coast and 228.35 close in Tokyo oo Thursday. Trading wss light with
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    • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.9 per cent.
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    • 178 2 ASIAN ASIAN currency deposit Interbank rates as at close on Nov 6. Closing Asian dollar certificates of deposit for prime names on Nov 6: 7 days 1 month 2 month* 3 months 8 months 9 months 13 months US Dottan(8poO Offsr Bid 14Vk 14* 1411/1614 9/16 14* 14* 14* 14*
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    • 45 2 RANGE of prices cflHMl by di» count bouaa l OB Nov >: Oversight Call dtpoi its: Ktom* CiMkl J-month BayiM Mlh| Treasury bills 6H 3-month Bank bills 12% 12* S months CD 12* 12 W months CD 12 S/l« 12 Vie Source: National Discount Co
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    • 51 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 9 to Nov 13:' Offered: 1160,000,000 Applied tar: $400,500,000. Allotted: 1160,000,000. Accepted Uds: $98.45 approximately 78 per cent and higher bids in full. Average rate sI dlsrsssl sa allotment: 6.195 per cent per
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    • 211 2 SINGAPORE gold futures yesterday closed generally lower than Thursday night's close in quiet trading on lack of interest, dealers said. Total sales for the day was recorded at 24 lots while kerb volume was two losts and prompt closed weaker at U*****.00/430.00 an ounce against 430.50/ 432.50 on Thursday,
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    • 34 2 New York 9.138 9.148 as 9.MS Zurich 9.008 9.MB MOS 9JK PM AMI Stagapar* 9.0SB 9056 9.256 9J5S Ckmng prk w In US dailan a troy otme e. Source: Credit Suisse, S'pore.
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    • 127 2 THE US dollar in Hongkong yesterday eased against most major currencies in quiet late exchanges, but was highly volatile against the Hongkong dollar in heavy trading, dealers said. The dollar slipped to 2.2200/10 marks in thin trading from an early 2.2235/50 and overnight's 2.2225/45, and traded at 1.8720/35 against
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    • 129 2 THE dollar in London yesterday resumed its easier trend In quiet early trading, after rebounding late on Thursday on short-covering triggered by an estimate of a far larger than expected US budget deficit, dealers said. The dollar retreated to an opening 2.2185/96 marks from its New York ckae of
      129 words
  • Page 2 Advertisements
    • 235 2 Management Japanese Style A collection of readings compiled and condensed by WORLD EXECUTIVE'S DIGEST on the distinctive brand of management successfully practised by the Japanese. Dealing with a subject of tremendous current interest, the book covers such fascinating concepts as lifetime employment, group decision-making and quality control circles. •••wursFREE from
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  • TRADE AND INDUSTRY
    • 251 3 THE NATIONAL Productivity Board will be holding a seminar on "Energy conservation in buildings" for building owners, senior management and maintenance engineers of building complexes. To be held on Nov 26 and 27 at hotel Equatorial, the seminar is also meant for developers and
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    • 456 3  -  By LOH HUI YIN THE GOVERNMENT may resort to legislation to maintain standards if self-regula-tion practised by the advertising industry fails to do so. In making the warning, Mr Ivan Baptist, executve secretary of the Consumers' Association of Singapore, also advised the industry to exercise stricter
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    • 100 3 SIME Darby Singapore has announced the appointment as finance director. He succeeds Mr Ng Bes« Whys, who has become managing director of Tractors Singapore. 1 Mr Manchharam Joined Sime as an internal auditor in 1975 and was promoted to finance controller in November 1976. Mr Gtmsm Harvey
      100 words
    • 547 3 THE MINISTRY of National Development approved pify is the quarter of this year (April to June) for qnftthpr 227 buildings, which wffl yield 1.« million sqm of gross floor area. The project» are worth $1.35 union, compared with 238 developments valued at $Ll7 billion approved
      547 words
    • 378 3 THE PRICES and sales of diamonds are expected to improve after some weakness In the market since the middle of last year. The Diamond Importers Association of Singapore has noted some difficulty in getting certain qualities of diamonds. It thus expects an uptrend in both the price
      378 words
    • 119 3 NMB Singapore has received several enquiries from the public and a local company in response to its recent advertisement inviting tenders for the assembly of miniature ball hearings. The company's plant at Ch&i Chee has been (arming out the assembly work, which is a part in the
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    • 292 3 ONEIDA Silversmiths of New York has appointed Selangor Pewter as the sole local distributor for its silverware. The appointment is in line with Selangor Pewter's diversification plans, which will complement its pewter manufacturing operation. Selangor Pewter's relationship with Oneida began two years sgo when
      292 words
    • 372 3 THE ESTABLISHMENT of bouse unions does not guarantee good tmkxMnanagement relationships. It provides a favourable framework and environment for better teamwork between management and workers. Singapore should, therefore, Make every effort to study the conditions which contribute to the success of house unions.
      372 words
    • 224 3 WHEN striving for quality and reliability, manufacturers must not lose sight of the aim of producing a product within the reach of its market. A product's quality and reliability must always be matched by the needs of the market, said Mr Eugene Tap at
      224 words
    • 681 3  -  By LILLIAN CHEW A RECOUNT by the EDB's latest annua] report on the performance of major industrial sectors shows a distinct trend towards more advanced and automated production techniques as well as higher valued-added operations. The petroleum and petrochemicals industry's valueadded shot up by 81 per
      681 words
    • 392 3 COLLECTIVE bargaining in the *80s must evolve from a form of warfare into a means for governing the workplace on wage matters and working conditions. Speaking at the inaugural delegate's conference of the Chemical Industries Employees' Union yesterday, Mr Lim Chee Onn, secretary-general of the NTUC and Minister-without-Portfolio,
      392 words
    • 120 3 NEW filter materials made of cellulose fibre, dtatomaceous earth and/or per lite are available locally. Developed by AMF Cuno of the US and known as Zeta Phis, they Improve filtration and eliminate the potential health hazards of asbestos fibres. AMF Cuno filters are distributed here
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  • Page 3 Advertisements
    • 2 3 •lwfcr,..pn» I
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    • 154 3 The Straits Times Directory of Singapon triple-purpose index. The one tab to help you keep tabs on allyour resources! The triple-purpose index of the nothing more, opr pages will tell you Straits Times Directory or Buku Merah all you need to know about that name, (as we are also known)
      154 words
    • 27 3 (OffßukJt Hmoh Road, 3tt m.».) Monday, 6.00 p.m. to 7.30 p.m. Saturday, 2.30 p.m. to 00 p.m. Training Plmk Mi. 52,33-8 Chin Swo Rood, Singapore 0316. z
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  • OVERSEAS
    • 655 4 MALAYSIA has embarked on a major programme of import substitution on invisibles in tandem with its imminent move into a higher stage of industrialisation. Finance Minister Tengku Razaieigh Hamzah said on Thursday that high on the list of priorities in the effort
      655 words
    • 379 4 Reuter TWENTY textile-exporting Third World countries have agreed on a strategy to be pursued at this month's negotiations on a new textile-trade pact between developing and industrial countries. At the end of (our days of talk* in New Delhi on Thursday, the Third World countries said they
      Reuter  -  379 words
    • 150 4 Reuter THE US 8eul« has appealed a UBtlJt MlBaa 1« Peatagaa hadget that la- Mas landtag far the eaatraversal B-l as clear hsmh ar aad r* laaeiaieiy after the Ithaftaattaa D(,eiee a rmlallia I» km pradaettea af the 14, wMeh they «Ma esaM
      Reuter  -  150 words
    • 530 4 NYT, Reuter PRESIDENT Reagan is against making any significant revisions in his economic package, despite continuing advice from some aides and Republicans in Congress that he accept the idea of increasing taxes to balance the federal budget. In another round of meetings on the economic
      NYT,; Reuter  -  530 words
    • 370 4 AP A HIGH official in the Reagan Administration hss discouraged the proposal for a US$2O billion "security tax" on Japan. Beryl Sprinkel, Undersecretary of the Treasury for Monetary Affairs, said: "I'm not optimistic that this could come about between two
      AP  -  370 words
    • 474 4 Reuter SPURNED by two potential partners, Marathon OO Co the 17th-largest US oil company is working feverishly on new alternatives to h—d off a USJS.I billion takeover bid by Mobil Corp the second-largest US oil company. Marathon and Mobil are barred by court order tram the
      Reuter  -  474 words
    • 312 4 Reuter K MART Corporation's sales ■urged by 17.1 per cent in October from the same period a year ago while other ■tores showed only slight increases or declines. K Mart, which is bsaed in Troy, Michigan, said its ■ties rose to US$l.2l billion in the
      Reuter  -  312 words
    • WORLD IN BRIEF
      • 342 4 Agencies FRANCE is expected to begin easing foreign exchange controls next week to help French companies protect themselves against sudden currebcy swings. Finance Ministry sources said the easing of controls would be gradual. IB Ispsaisii partner la the Isfahan Jsfat petre- 1# WIW draw frssa the project toss
        Agencies  -  342 words
    • 115 4 Reuter AUSTRALIA'S own register of shipping will be brought into operation on Jan next year (Australia Day), Transport Minister Ralph Hunt told a maritime industry meeting in Hobart, Tasmania, yesterday. In copies of a speech to the Marine and Porta Council of Australia, Mr Hunt said the
      Reuter  -  115 words
    • 666 4 ARRIVALS 8«nrk* Local Operator Noaber Tiae From PAA PA005 «U5 NYC/SPO/HKG CAL cm3 0150 TPE/HKG Careolu* CV7JS MAS MH601 0630 LUX/DXB 0130 KUL SU SQ101 005 KUL MAS MH8U 005 PEN MAS MH871 0845 KUL MAS MHHO 0N0 BKI/MYY/KCH SU SQ301 1000 HLP MAS MHS51 1000 PEN/KUL
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    • 252 5 AP COMMERCE Secretary Malcolm Baldrige will file six unfair trade cases against foreign companies selling steel at illegally low prices on the US market. Making the announcement at a meeting of the Senate steel caucus in Washington on Thursday, Mr Baldrige
      AP  -  252 words
    • 213 5 NYT PRESIDENT Reagan has ordered Secretary of State Alexander Haig and White House National Security Adviser Richard Allen to end the feud that Mr Reagan believes is disrupting the administration's foreign policy operations. Mr Reagan called the two officials to the Oval Office
      NYT  -  213 words
    • 176 5 Reuter A FLEET of giant nuclear-powered submarines could be used to transport liquid natural gas from the Arctic to customers in North America and europe, according to proposals by a major American submarine builder. Supporters of the plan say submarine-tankers would be economically competitive with surface ice-breaking tankers
      Reuter  -  176 words
    • Article, Illustration
      472 5 EXPECTED ARRIVALS TODAY KEPPEL Brilliant (0630 hauls 20m west after Kota Maju hauls) 13/14 Barber Thermopylae (0700 after Jalagouri) 47 Cherry Bagus (0700 after Kwangchow hauls) 28 Calimanesti (after Bunga Orkid) 33/34 Equator (after Equator HI) 22 Jiao Cheng (0700 after Bum An sails A Brilliant hauls)
      472 words
    • 589 5 NYT THE UNITED State* has protested to Britain about statements made in recent days by Foreign Secretary Lord Carrlnffton endorsing the Saudi Middle East peace plan. His remarks have produced a threat in Israel not to accept European participation in the Sinai peacekeeping force. Reagan
      NYT  -  589 words
    • 378 5 Reuter THE ODDS are against the Hongkong dollar extending its recent upswing, and insecure economic fundamentals will likely work against it holding on to its gain into 1982. The Hongkong dollar had advanced sharply to 5.6150/ 80 to the US currency at one stage
      Reuter  -  378 words
    • 298 5 AP A SOVIET ni taurine and its 50-odd crew were towed away from Swedish territorial waters yesterday after being stranded near Sweden's main naval defence post for more than nine days. The towed submarine was in the middle of a convoy led by
      AP  -  298 words
    • 125 5 AFP THE Ispammt fmruMSt has drawa ay a iartHhi 135 (■part arasfasa are, ether srtaerals, aircraft, SSpi^lh^SlMUJseeiS yesterday thai tke gvvmH •f Jayaa will aaahs available Mp earreaey toaas eylaayertef stoat usz*h£ Bsa wsrth «f saeh gaads. The Vskye inwiel >—lalhrij sets the eaer-E-SSlr
      AFP  -  125 words
    • 530 5 SOVIETS REDUCE DEPOSITS Reuter OPEC countries resumed borrowing and sharply curtailed their new deposits with banks of ma)or Western industrialised nations in the second quarter of 1981. This was revealed by the Bank (or International Settlements (BIS) in its latest quarterly report on international banking.
      Reuter  -  530 words
    • 373 5 UPI NIGERIA has informed customers that it officially lowered its basic crude oil by US$3.5O to $36.50 a barrel on Nov 1 in keeping with Opec's new pricing accord, industry sources said on Thursday. Even though Nigeria has been discounting its ail tor as little as
      UPI  -  373 words
    • 104 5 AFP FOR U559.96, anyone can buy a recipe for the nuclear bomb without the ingredients, of course. The formula has been disclosed despite US government opposition by Freidwardt Winterberg, a professor at a university of Nevada, in The physical principles of thermonuclear explosive devices, a book
      AFP  -  104 words
  • Page 4 Advertisements
    • 188 4 m t K The Times Calendar' *T •^S V 0 >*r 1 r %^i k th 4#' 31 <r *m :.v The Times Calendar '82 is exquisitely reproduced from eminent Chinese painter, Lu Feng's Plum Blossoms. A favourite subject among Chinese painters, Plum Blossoms epitomize people who display fortitude and
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  • Page 5 Advertisements
    • 396 5 Asia, at your fingertips... Other than speed reading, there is another way you dan know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated all
      396 words

  • 342 6 THE DEVELOPMENT of cottage industries pre-dates the industrial revolution by many years. Yet, this does not mean that the growth of huge factories and combines which dot our landscape has made the practice of farming out simple tasks to families obsolete. On the contrary, the decision
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  • 308 6 THE AVERAGE consumer in Singapore has come a long way from a dependence on his neighbourhood provision shopkeeper to recommend new products to him. He is now exposed to retail outlets which display and promote a large range of goods. With the proliferation of department stores and
    308 words
  • 929 6  -  The future of France is now uncertain as businessmen worry about the Socialist programme unveiled by President Mitterrand, writes FLORA LEWIS. Among the most controversial issues are the nationalisation of private enterprises and the wealth tax which may well spell the end of an era for millionaires, reports
    NYT  -  929 words
  • 760 6  -  By TOM KENEGHAN Reuter COMMUNIST Hungary's application to Join the International Monetary Fund (IMF) and the World Bank is the latest step by Budapest to its reputation as East Europe's most credit-worthy country, Western bankers said. The move, announced by the official news agency MTI on Thursday,
    Reuter  -  760 words
  • 618 6 AP A FESTIVE red-and-white-striped tent was pitched over the shiny lethal ware» of the Cairo military exposition the West's latest missiles, artillery shells and guns, phis models of tanks, jets, submarines, warships and a bomb with a television camera in its plastic nose.
    AP  -  618 words
  • 556 6 "ONLY a few scraps will remain of the House of Rothschild/' wrote Guy de Rothschild, one of France's wealthiest men, in the independent newspaper Le Monde lut week. His H«niHng empire is soon to be nationalised and his private fortune taxed* by France's
    556 words
  • Page 6 Miscellaneous
    • 610 6 I I -11-08E CROSSWORD CRYPTIC PUZZLE 4 Oem Joins us In mincing beef (6) 7 Debauched career that's only natural? (4, 4) I Junkman, or Just a Udder? 10 Astronomy experts? (5) 13 Fishy fingerprints? (4) 14 A competitor's name (4) 15 Beastly thing to wear? (4) IS Plead somewhat
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    • 617 6 RADIO Hunt for a murderer esfi ESS §3 e t VU»)°. Peter Bktrp directs Geerge ktar Hi Tk« mt ariira >iAt ac iftp SINGAPORE 5 12.50 PM Opening Mowed by Sesame Sltnl 1.55 Satvday Matinee Colour Scheme 3-20 1911 US OpM Temris Champnmty Borg Vs McEnroe 5.15 Bbitang Uhdangan (r)
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  • ADVERTISEMENT
    • 273 7  -  By^ Fedor Potapenko nko, Ambassador Extraordinary and Plenipotentiary of the USSR in the Republic of Singapore On November 7, Soviet People celebrate their National Day the 64th Anniversary of the Great October Socialist Revolution. 64 years ago, the first socialist state founded by V
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    • 344 7 (APN) under the 10th fiveyear plan (1976-1960) the Soviet Union exEorted to world marets machinery, equipment and Instruments worth about 35,000 million roubles. Highspeed computers, control systems, controllingmeasuring complexes and many types of conventional technology, produced with due account of the latest scientific achievements, comprise
      (APN)  -  344 words
    • 417 7  -  By Vyacheslav Kostikov, APN Commentator Russia had been one of the Initiators of world oil trade. One hundred years ago, In 1881, the first 147,000 poods (some 2,400 tonnes) of kerosene and lubricating oil were delivered from Baku to Europe. At the beginning of
      417 words
    • 284 7  -  By Yevgeni Smirnov (APN) Providing millions of people with vital socioeconomic rights and stable living standards requires great funds and efforts from the state. At present, the state allocations for public education, science and culture alone exceed by 2.5 times the spending on defence
      (APN)  -  284 words
    • 191 8 The Soviet Union Is planning Its economic development, counting on a peaceful perspective for the 80s. In the present complicated International situation conditions, the USSR considers Its main task to do everything possible to prevent nuclear war, to safeguard peace on earth. The XXVI Congress of the
      191 words
    • 361 8 (APN) Soviet airline (Aeroflot) routes link more than 3,600 cities and other inhabited points of the USSR. Aeroflot liners today fly to 110 cities in 87 countries of the world. These statistics were passed on by Ivan Vasln, Deputy Minister of Civil Aviation of the USSR.
      (APN)  -  361 words
    • 161 8 The cooperation between the Soviet Union and the Republic of Singapore Is develop lng on the principles of sovereign equality, non-interference in Internal affairs of each other, non-use of force, territorial Integrity and political Independence. For the last years, the Soviet-Singapore trade is gradually expending. The cultural exchange between
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  • Page 7 Advertisements
    • 103 7 cTi 7a v and fiest'Wisbes j zA vi to the Government and People of USSR on the occasion of their 64th anniversaiy of the Great October Socialist Revolution from Keppel Shipyard Limited OFFICE ADDRESS: POSTAL ADDRESS: 325, Telok Blangah Road Maxwell Road P.O. Box 2169 Singapore 0409 Singapore 9041 Cable:
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  • Page 8 Advertisements
    • 187 8 BEST WISHES to the GOVERNMENT PEOPLE OF THE USSR on the occasion of the 64th Anniversary of the GREAT OCTOBER SOCIALIST REVOLUTION from: DATUK SRI NG OGEE LAM B£M, &RNLJ. &BSTJ., FJ.BA AND SOOTH ONION CO. (PTE) LTD. 4th FLOOR 4A 4B F.EB. BUILDING 156, CECIL STREET SINGAPORE 0106 TEL:
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    • 38 8 a r 9 0 %> 3 and Best Wishes TO THE GOVERNMENT Sc. PEOPUE OF THE USSR ON THEIR 64TH ANNIVERSARY OF THE GREAT OCTOBER SOCIALIST REVOLUTION FROM JURON6 SHIPYARD UMITEO Pulau Samulun, Jurong Town Singapore 2262 Tel: *****66
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    • 324 8 to the Government People of the USSR on the occasion of the 64th Anniversary of the Great October Socialist Revolution SINGAPORE SOVIET SHIPPING CX) PRIVATE LTD f Sinaov Building, 55, Market Street, Singapore 0104. Cable: SINSOV SINGAPORE. Telex: RS *****, RS *****, RS ***** Tel: *****3 (IS Lines) GENERAL AGENTS
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  • 1612 9 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 A COMMERCIAL Acma (2.658
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  • 194 9 BNGAPOU UNIT 1*1 JBT DIAMOND MQ1 rSTMJ i (ttaMfn* priaw tar Na 0) (MMfNCfrttMl Diamond ■r No t A 01 The 0—w LK 3.10 TheSavtnga Fund 1.73 1J1 S'pore Fd(USI) 0 00 0 85 S pore Prog Fund IS 1JB 31 1.T7 S pore 9ac. Pud US 2
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  • 2845 9 1M1 Hl(k Low Company Last Sale Gr's Dhr +or- Gr's Net Dhr YTd P/E Crr Vol Day ("OOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 4M 348 Actum. 115 115 Alcorn 380 130 Allied Choc 312 150 B A T 00 308 Bate 200 15 Bra 410
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  • 1336 9 *J BID and offer prices officially listed and business in and re--2 ported 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 -i mDumiAu (L 3« 1 JOS) (1) LB (1) IJO
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  • 182 9 TA8EK Ctmmt Barfcad: Twentieth AGM to be held at Tasek Industrial Estate, Taaek Drive. Ipoh on Nov 7 at noon. PB1MA United: EOGM to be held at 201, Keppel Road, Singapore 0409 on Nov 11 at 2 30 pm. FABEB Merita Malayria Mnkti: 18th AGM to be held
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  • 700 9 ACTIVE bijlag kreagkt ahare prion aharpty klgker aeraas the keard at the Bteek Ftrksage st Slag», pere ylwhtj after a caatteas start. Tradlag epeaed slightly mixed agaiaat everalgkt levels kat prieee them kegaa te ettmk as the kalis retarae*. At lay day, the Straits Timet ladastrlal
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  • 586 9 SHARES closed the week i marginally higher at the stock market yesterday i after having moved narrowly for most of the session. But turnover showed a substantial rise. Conditions in the afternoon improved over the morning session but the absence of good follow-through was apparent,
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 145 10 MOV ABM MM uncn AJOW (240 1 Atao »H -«J Ajnre to jo +<u AniM «1J0 4i Amrofcofc Sioo unch 1-2 !r. 13 flOB A*' gy 9040 unch Botjimjj 102.00 1 Burhawum 44J0 +t.l 32J0 +9-1 <>'DJU»«J «SJ0 -0.4 EXi* 122 00 unch >1» Ford Oamma 30 -0.7 ooSEf®
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      • 241 10 NOV W F™ CORBEILLE A IT-Liquid* BIN Oarrajii C 8 F (Thomaon Of) 432 its MBJO ■4 -10 •u CI* Fraacaiae daa Pttrotw 113 -H Compfnlt FlnancMrc Compacnie Oaaarala Credit Fonckr Da France an jo at -U -1 Hachatta (Ltbralrte). Mnrhlntt Bull lftclMlln (B) 36.86 0J -ill -IS Pachlnay
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      • 152 10 mov m Dm Aaf-T*i*funk«n 4Ui -OJ Akmo 1»J0 -u A1K Utao imn ♦a AiU Van MM u kmr kjHT Vtuk aum uu» i uncb •V yxmnk nut ♦O sr mm 41 CuMllA inw Ml JO U 1 Chm Vtrw IVmiM fliifil am rn.it M M -OJ u WWU UUUU
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      • 15 10 iiUTililTlinj wm2 tf5 Amur am» unch IM Mater 1H0B Boc Oon Ihinw urn *m
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      • 101 10 KOV Ptmncs Action* Mmm Ml +1 AJuauf» Br. Kt -t 2is3?h-=sr :s ss.°K.t=a. CMIISttalUf m *t Tta«IBB»U Br. XI30 40 Owwnwherer *M +ii Otattw PC as +10 Hwo Br. mm HOITMH Lt *dc»el/Wu_ MM im> llnMorf n> Br (u io Intorfood Br MB *U Motor-Ootuabw I bT TT* g—*?»
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      • 66 10 NOV M Lira to, £L OMnk in [W- MM M JtafMw MW Ojn Uutob MM in Pn w *Wt luifnmill MM act Mp Mi 1 nmnii M Mmiwi x n tm -t M*raUl Era M imm :sr MimMMOII MM asra t m am CM bm ojnfrt nu «u «•J*
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      • 132 10 NOV m a a ♦A JUc»n -ft f#sE o a 1* uneh OUM M Ltk* CM lap Bk o»f» CMMt taw W CMfai onmi II H m% w B Dm (MM aacfi Dm Tar Don# MUM a si t: li—t: ♦1 at «Mt LUt Ot Y allow Kato UB
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      • 178 10 "OV tea movmtAU as u a s L tusu a.NM ♦> m Dt tan M m aocb Imt) PM v3k 5 52 SSLa 11M 4| gg, 4M i| KvliUa W -H l»lM| Lanrtm LTA nw U Am* M. W unds Uftfh M -4 M Ok ikf ■n -s tm
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  • Page 10 Advertisements
    • 216 10 "The American Express Card serves you well, wherever good food is served'! Snacksfor your island treks rAK E<r V vMTake your pick: Curry Puff Chicken Pic Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef. k. Bun Pack Lunch Open: Monday Friday 10,00 a.m. 6.00 p.m. Saturday, Sunday JLMEr&bk. Public Holidays
      216 words
    • 114 10 V ffr'.A horsushi. hor teppanyaki. hor other authentically Jcpanese delights. < <- i it 111*\ I 'ink icr; id n i Si ii n» m v. NUTMEGS MYAT7 REGENCYOSWQVOJE ft Canto Moctt Agsncy Mnotovow TUESDAY FASHION EXCUWVES 4 Showtime; 1 2 p.m. CCO *****11 •0 2118 tor m ft r
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    • 99 10 See Page 11 for NYSE prices and Asian stocks A Merlin Crll Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before. Only at the Singapore Merlin. Lunch from 12 noon 2.30 pm at $15.00 per head Dinner from 7.00 pm 11.00
      99 words
    • 123 10 W? *7 1 W *f *~m •V.J.-I >i?s rf Dine in the grand tradition of emperors j hi'rr sumptuous ijhmls ,irr prepared l>V m.isirrs in ttf'i|in<j ■•••■J uisiiu' And srrv«»d COURT u ith iraditiniicil <iricnral hnspitrtlity. 00 JT c We have\ J( a Soft corner J for you THE ALCOVE
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    • 78 10 asgood as going toßaiqpcok. ff pr > This it Thai Saatood at its authentic bast So it could hava baan aiiva 15 minutas bafora coming to your taMa. It was. An •normous variaty of Soccoiant saafoods axpartty praparad by Thai chats in our kitchan. Siamese Seafood Restaurant CocfepH HdM O*
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  • COMPANY NEWS
    • 452 11 KEMAYAN Oil Palm Bhd is expected to maintain its profits for the current year, despite an earnings decline experienced in the year Just ended. Kemayan chairman Dr Stow Kon Sang also notes In his latest annual statement that the company's investment in Sabah will begin
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    • 107 11 AP THE Raak Hotel group of London will sell two luxury hotels the Royal Windsor in Brussels and the Westminster in Paris to Far Bast Hotels aai Fstertslanwt Ltd of Hongkong, it was announced in Brussels on Thursday. "Far East will officially take charge of the two hotels
      AP  -  107 words
    • 717 11 not aw oomoi m mr a ACT Indoatrias a Oootl Op M uach nmriwnffMh W ttnch CooU ofi tkco Inc Control DM a* I Alcon m Corning (Mm* Wlhk >lh|lMnj Lad a CPC Internal* MM UMOiHCp «7% Crana Co MM AWad Moral rnt Clow-MWi a Aim
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    • 261 11 JOHAN Holdings Bhd had no income to call its own for the six months to July 1981. In addition general expenses as well as the payment of audit fees left the company with a loss of $17,009. Unlike the previous interim period, during
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    • 515 11 Market Talk... LAURENCE, Prust Mad Co has forecast pre-tax profit* of about Ms2B million for Oslssm Malayria in the current year, against $24.1 million for the year ended Aug 31. Turnover, as estimated by the broking firm, will be about $210 million compared with $191.4 million
      515 words
  • ASIAN STOCKS
    • 351 11 SHARE PRICES in Tokyo yesterday closed mixed as blue chips fefl following the overnight decline on Wall Street and the yen's setback against the US dollar, dealers said. The market average shed 9.97 to close at 7.536J53 In a light trading volume of 310 million shares but the Tokyo
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    • 256 11 HONGKONG STOCKS in Hongkong yesterday eased throughout the day following advances over the previous (our consecutive days, dealers said. Brokers said the market was nervous ahead of the Hongkong Ranking Association weekly interest rate review later yesterday afternoon, which follows a week of widespread speculation local rates
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    • 189 11 FIRMING prices of major stocks across the board in Sydney yesterday consolidated a week of gains for the market, which had slumped to its lowest level in 16 months on Thursday last week, dealers said. The All-Ordinaries index rose 4.8 points to 576.9. The rally, which began
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    • 102 11 THE Bangkok stock market yesterday rallied, but overall, trade remained slow, dealers said. Thai Commercial Bank rose two baht to 310, while Jalaprathan Cement, Siam Cement and Slam City Cement each gained one baht to 102.50, 1«! and 146 respectively. NOV m Baft* Arts ntn AflttUt 111. AndTtit MM
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    • 62 11 THE Manila stock market yesterday closed lower across the board, dealers said. MOT« ram Acsft Mining Mm -MM AUaa Con. A AUM ooo. a. n» BHUo Oold jMTI oncb B*ncu*t Ooo. B mm BT Ooodrtch MJt CDCP 4jH nneh Untfott Ml 4MI Hirtadnqw uu -m* -urn ■neh am MJI
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    • 49 11 FINANCIAL TIMES INDUSTRIALS Thursday 80C3 Wednesday Week Ago J 7 DOW JONES AVERAGE INDUSTRIALS Thursday 96g.ll Wednesday W8-M Week Ago «32.96 H.K.HANG SENG Friday 1398« Thursday. 1420.06 Week Ago. closed AUSTRALIAN INDUSTRIALS Friday Thursday 998.0 Week Ago VnA ALL ORDINARIES Friday 876.9 Thursday B7Z2 Week Ago »49.1
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  • RAW MATERIALS
    • 157 11 CBNBB Piifcn niili^f Cm—l tM: Bulk fob $108.00 seller*, old ck-um (in second hand dram) fob 5122.00 tellers, new dktim fob $121.00 sellers. Copra: Mixed (loose) $57 buyer*. Pepper: Muntok white pepper fob AiU NLW $380 00 teller», Sarawak white pepper taq fob NLW $375.50 sellers, Sarawak qwcial
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    • 193 11 YARN and cotton prices were quoted as follows In Hongkong yesterday. (In HK dollars, spot ex-go-dsim) CKM yars: China Blue Phoenix MS 2,600; 12s 3430. 60s 34« (per bale of 600 lbs). Piece feeds: Chins Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower snd Butterfly
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    • 319 11 SINGAPORE: Yesterday's closing prices in S$ per kilo, ez-godonra: THAI WHITE: 100 per cent first class (Kangaroo) new crop Ltt. 100 per cent second class 1.13, 100 per cent third dass LOO, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-auper 0.75. Special
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    • 84 11 SOYBEAN futures In Chicago on Thursday closed ap 1V« US cents a bushel in nearbys to down 2V* cents in i. 11 -i i.I oeierreai. Traders attributed relative nearby strength to psrrirttag tight farmer holding of cash suppMes. and to trade hopes that the recent downtrend in Interest rates,
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    • 632 11 COFFEE: Robusta futures yesterday held quietly steady in the morning. Turnover reached only 666 lots inrhiding 50 options and 93 croas trades. The market had opened little changed in Une with Thursday's closing New York levels and fluctuated within a narrow range in the absence of firm direction,
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    • 130 11 THE Kuala Lumpur crude palm oil market yesterday closed easier on lack of buying interest in quiet trading, dealers said. November in the south traded M 52.50 lower to 1940 per tonne while central remained at its overnight level. In December the south region dropped $5 to $936
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    • 52 11 THE SRARB 111 prtee la Peaaag ywtwisy raw eae emt to MfTf ft Cram Haraday, train| a* *7.«, Men raid. The Mruee fallowed L higher If vols, with InflaeattaJ layers aaSTwttk"uS? frmi"! Cram overseas. Taraever rate to 17« toaaes Cram Iff previeasly aai seme dealer* anted afreet If
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    • 32 11 Rubber: Nov 6 Singapore: Nov: 190.50 cento (unchanged) Malaysia: Dec: 232.60 cento (np 0.50 cent) Tin: M 535.60 per kilo (np one cent) Official offering: 170 tonnes (np 4 tonnes)
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    • 106 11 WHEAT futures in Chicago oo Thursday closed up two to Vt US cent a bushel, oo sympathetic local and wire house short-covering following the limit advance in oats. However, steady selling by a leading exporter edged prices off day's highs. It sold 2.0 million bushels of March and 500,000
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    • 313 11 THE WEEK was highlighted by the maiden entry of the inro buffer stock manager to enliven what might otherwise have been a dull period. f i lt«*ro£w of the week ended Nov 5, that overall, the market improved some two cents. After opening around 188
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    • 156 11 RUBBER prices In Singapore yesterday closed quietly steady with November One RSS buyers quoted nt 1» 50 cents per ktto, unchanged on balance, dealers said. In Ins Is Lapar, the market cloned easier with December One RSS buyers quoted at BUI cents per kilo, up cents tram Thursday's dose.
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    • 334 11 RAS prices In cents per kilo yesterday: Km (fa-Mo) Buyer* StQn Close (per kilo) Beyers 3> mt Wtarf Int. 1 RAS. prompt J o b. in 00 let. 1 RAS November 1BK 1M00N mm 1MJ0 1 MOJO S3 tat. 1 R.S-S December Int. 2 RAS UK/CM mui 10.50
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    • 97 11 NOON 881 BAfl 1 md SMR prim jw* «T bar p (Canaa* Mtfc) (Varwart M*> SSR 10 S8R SO U-Ma (line paftM) R«;m t IOJO Ml JO ■B>| lOOJOK lOJON IOJO T*i ir jow* 101 n MULI l,i W tn B SMR CV SMR L (1 <aa
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  • 433 12  -  By SIOW LI SEN FUND managers of investment trusts have responded in unison to proposals submitted by the merchant bankers association to the Minister for Trade and Industry as part of the preBudget submissions. .The four close-end investment trusts have over the past
    433 words
  • 462 12 SAN Holdings, in a further effort to strengthen its property business, will acquire Chin Development for Ms 4 million. The proposed purchase, Mke its earlier proposed acquisitions of Bandung Realty aid Tacoln Development (M), (which are awaiting approval from the OC and the FTC
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  • 60 12 SELANGOB Cif i—li Berhad: Sixty-sixth AGM to be held at No. 51, Jalan AmKuala Lumpur on Nov at 11 am. GUINNESS Malaysia Berbad: Elgtbeenth AGM to be beld at Sungei Way Brewery, Petaltag Jaya on Dec 1. MALAYA Glass Factory Bwfeai: Twentieth AGM to be beld at 72-A
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  • 95 12 TONGKAH Harbour Tin Dredging made pre-tax profits of $2.11 million for the year ended June 1981 compared with $2.48 million the year before. Profit after taxation rose to $1,003 million ($771,000) as a result of lower taxation. Net earnings per share rose to 23 cents from 17 cents
    95 words
  • 84 12 PREUSSAG AG has dropped its bid for the balance of the shares of Amalgamated Metals *Ltd. Preussag, which controls almost 80 per cent of Amalgamated Metal Corporation, announced a 400 pence per share offer last month for the shares it did not own. But a rival higher
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  • LATEST RESULTS
    • 97 12 has declared a third Interim dividend of 5 per cent less tax and a bonus dividend of 6 per cent less tax in respect of the financial year ending Dec 1981. The dividends together with the first two interim dividends will give a total dividend payment of
      97 words
    • 97 12 made a pre-tax profit of M 15.55 million (118.87 million) for the year ended June 1981. Profit after tax amounted to 15.01 million ($7.56 million). The net earnings per share consequently fell to 82 cents from 124 cents. The lower earnings came on the back of
      97 words
    • 89 12 pre-tax profit for the year ended June 1981 fell to M 56.31 million from $10.84 million before. Profits after taxation and exchange adjustments amounted to $2.95 million ($4.72 million). Net earnings per share also decreased to Z1 cents (34 cents). The directors have recommended the payment of a
      89 words
  • 784 12 LONDON, FrL Share prices closed lower on a broad front amid end-account profit-taking following the launch of Cable 6 Wireless, dealers said. Cable ft Wireless opened at 305p, a premium of 37p over the lOp issue price, and later eased to ISte. Electrical» were particularly hit by profit-takers
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  • 120 12 AP NEW YORK, Frl. Stock prices opened lower today as the government said US unemployment in October reached its highest level in nearly six years. The Dow Jones average was off 3.14 points to 855.97 in the first half hour. Two stocks opened lower for each ooe
    AP  -  120 words
  • 171 12 HBl Companies Editor: Mara Sabnani MALAYAN Tin Dredging (M) Bhd has been officially renamed Malaysia Mining Corporation Bhd, having completed its merger with the former Malaysia Mining Corporation Bhd. Shareholders of the two groups met at an EGM on Oct 10 to approve the change in name
    171 words
  • 194 12 THE Malaysian government will not change the equity requirements pertaining to foreign investments mid-stream as the country values highly the advantages accruing from such investments. The assurance was made in an address by Malaysian Trade and Industry Minister, Tengku Ahmad Rithauddeen, when he addressed participants in an
    194 words
  • 279 12 MALAYSIAN Containers (1974) Berhad will maintain its interim dividend at 11 per cent less tax despite lower pre-tax earnings for the six months ended Sep 30. The group said yesterday profits before taxation and minority interests were M&.261 million compared with $3,978 million previously.
    279 words
  • Chief Price Changes
    • 156 12 Rises Indices a v e US 50 8 T P 1975 980 >50 Nov 5 Nov 6 Spore Lud 1 C B Grand Ceatral 960 45 BT Indicator: *****2 1M9T7 610 434 35 34 Industrials: 8MJI M5.77 Straita Trading 800 30 Flnanr* 1404 7* *****4 Public Bank 700 30
      156 words
    • Article, Illustration
      129 12 SHARE prime nm durply m Iks Slsek Triton «f jwtortaj altar a «Hi— start. Iks Kratta TisMi toiartHaJ laiexfaM IIJI pstata to HUTwMb 124,07. Mratw 99 Rises Perils Pit 464 UM W 640 Timuran 620 S Trading 870 P Bank 760 OCBC 1040 IMText 100 City Dev 340
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  • Page 12 Advertisements
    • 6 12 p NOTICES fit ijiiuyy ifj' 4!
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    • 212 12 The oil industry is the world's largest commercial enterprise. Its extent is globel, effecting every country. International issues from Iran to Si noSoviet relations are influenced by considerations of oil production and consumption whilst the international communications network of the larger oil compenies rivals that of the majority of nations.
      212 words
  • Page 12 Miscellaneous
    • 53 12 OUTLOOK for Singapore from 6am to Ipm today: Generally fair. Report to w airport: prior to 1J pm oa Nor at Maximum temperature 29.8 Associated humidity 73 Minimum temperature 24.3 Associated humidity 92 Hours ofsunshine L3O Rainfall in millimetres U) Total rainfall for the month LI Total rainy days for
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  • LEISURE TIMES
    • 712 13 WEEKEVD OOURKET IF THERE to a Singaporean predilection, it to for Bod food. So «hat if we ve to travel miles to get there. And 11 a little spice and adventure to thrown hi as well, so much the better. No, the adventure to
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    • 592 13  -  By RAY ANG IF SOMEBODY invites you to a free lunch that is going to last at least five hours, you would probably dismiss the offer as somebody's poor taste of a Joke. But if you are told that you are a guest of the Coofrerie De
      592 words
    • 831 14  -  "I had to play a fast game otherwise Dahari will pick up the stroke* and kill them said SlA's Jeremy Tan (foreground) after his 50-minute match against Marco Polo's Abdullah Dahari in the semi-finals of the Avis Travel Industry Squash Championship. The finals, which
      831 words
    • 904 14 WILL KEPPEL CLUB be able to keep its SGA InterClub 'A' division team champion title when it is played at the Old SICC course tomorrow? Its chances of retaining the trophy are good although the teams representing Changi and SICC may just prevent Keppel from
      904 words
    • 455 14 I TODAY: GOLF: Warm: With defending champion CT Urn out of the competition, it looks like RT Dawson might Just find the task of winning his second club matchplay champion title a little easier when the quarter-finalists take to the course today. Bob Dawson meets Franlde Ho
      455 words
    • 1114 14  -  By RONALD KOW MANY of us could have easily forgotten about the t incident. A new Malaysia fl Cup football season is y about to begin among the things foremost in our rt minds must be the need to v win back the Cup
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    • 811 14  -  By KS IT ALL STARTED during his childhood days when his mother told him interesting fairy tales and historical excerpts of immortals and heroes. At that time, Shan Bai Qin, who was born in 1937 in Guangdong, lost his father. His mother was left to
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  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 635 13 WHAT WHERE CONCERTS GUEST pianist Jorg Demus Joins the Bk*apef« Rj mphanj OriMift tonight in its presentation of the Prelude to Act 1 sad 3 of Verdi's La Travinta, Beethoven's Piano Concerto No 4 in G, op 58 and Tchaikovsky's Symphony No 6 in B minor, op 74 (the Pathetique).
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