The Business Times, 14 November 1981

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, NOVEMBER 14,1181 60 CENTS
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  • 303 1 THE co-operative that was formed from the merger of the two cooperatives of Pioneer ladustries Employees' Union and the Sbigapore Industrial Labour Organisation has been renamed the Sngapore Employees I Co-operative Ltd. Members of the two co- operatives yesterday agreed on
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  • 642 1  -  By CHRIS LIM THE Straits Times Indwtrial Index, a widely used barometer of the otnck market's pwriw nmw riwt above the TOOiMtnt level with almost oonsummste ease yesterday as attained buying sent prices riurpiy higher across the board. At the close of tradii*. the index
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  • 556 1  -  1 AGNES WEE THE WEST German have now Joined in the campaign against Singapore Airlines for selling discounted tickets in the German market. A tew days ago, the German police summoned one of SlA's German lady ground «inphyns to the local Mtes station for
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  • BRIEFLY...
    • 67 1 AP WASHINGTON. FH. In a new sign of further weakening in the US economy, the Federal Reserve Board reported today that industrial production fe& L 5 per cent last month, the biggest drop since last year's recession. The biggest losses came in outKof cars, building materials and j
      AP  -  67 words
    • 71 1 Reuter KUALA LUMPUR, Fri. About 300 industrialists and bankers from the United States and Asean meet here next week to promote commercial and investment ties between them. The three-day meeting, opening on Wednesday, is jointly spousored by the Asean-US Business Council and the Asean Ranking Council. It will
      Reuter  -  71 words
    • 72 1 Reuter TOKYO, Fri The government is likely to postpone an announcement of fresh trade measures at a special Cabinet meeting next Tuesday because of feuding among ministries over how Japan should react to overseas criticism of its export boom. Four ministries and the Economic Planning Agency (EPA) are
      Reuter  -  72 words
    • 72 1 KUALA LUMPUR, Fri. The end of the credit squeeze is in sight Rinirt have been told to liberalise lending and to bring down interest rates. Bank Negara conveyed tMs to baakera at a meeting yesterday. This reversal of the bank's policy earlier this year, aridng bai*a to
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    • 79 1 AFP JAKARTA, FH. The Riau provincial administration has decided on a number of steps to limit and eventually do away with the circulation of Malaysian and Singapore currencies as legal tender in the island region. A Riau official said the influx of Malaysian and Singapore dollars into the
      AFP  -  79 words
    • 41 1 AFP KOTA KNABALU, Fri. Indoorsia's several log export restrictions have crippled timber processing industries in Japan, South Korea and Taiwan, favouring the establishment of such industries in Malaysia and Tnrtonesis, Sabah Chief Minister Datuk Harris Salleh said today. AFP
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    • 70 1 Reuter ABU DHABI, Fri. Japan's Toyota car company has dropped a planned Joint venture with the US Ford company after Arab countries threatened to blacklist it. The official Emirates news agencytoday quoted a government spokesman as saying that Toyota had submitted documents to the Abu Dhabi office
      Reuter  -  70 words
  • 57 1 ■188 Dsvstepnmnt Beak si ■tegspsee (PB1) has iorate Is ISA psr nimS MpsrcssL pHms rate, Ike rate at W*tek B Mi te Bs teat ill ii i,hf pmemd te M psr essL gß'Mrg Where aikp Is eennsunesd te* te U psr nmi teste 'llj'psr •.I
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  • 332 1 TWO senior government offlrinlß wQI try to secure more erode oil supplies for Sbigapore when they attend aa Oper eponaaed seminar in Vienna later thli month. One of them, the vicechalrmaa of the wypw National Oil Compaay (SNOC), Mr Tan Boon IMk, said
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  • 348 1 THE recently-formed Tea Auction Association of Singapore expects to hold its first tea auction in Singapore on Dec 2 once government rkrtnre is obtained. An wwditka spokesman, Mr David Marsh, said the location will be decided later. Association official» comprialng individual buyers,
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  • Page 1 Advertisements
    • 236 1 rrr. 7TTT I J. IV as MULTI-PURPOSE Holdings M a general offer for all Dunlop Estates shares it does not own Pace 12 THE stockholder who has held on to his Sealion Hotels shares for the last three years would have enjoyed a capital ap--1 preciation of more than three
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    • 173 1 Swing With APerfect2li The form and function of many things are often rated on a scale of Itolo. This includes Olympic competitive scoring, pretty girts... and goff clubs. That's why Lynx named its newest, hottest model golf clubMor. These new-deSign woods and irons were created expressly to commemorate the Company's
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    • 43 1 otf*s fcV) V\OA \(j /ROUND THE WORLD... AMNSMGANBtt&mtfiIIM ILBJL THE SYMBOL OF QUALITY When you wear Munsingwear, You know you look good. Anyway you wear it. Everywhere you wear it. Today's ojw .i Sc3<e Agent EXCELSIOR (PTE) LTD. 66 High Street. Singapore 0617.
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  • BANKING AND FINANCE
    • 771 2 NTT PLATING the bond markets of the globe is a rather arcane art, as its practitioners puriie over variables with names and mannings grasped only by the initiated yield ewes, swaps, ratings and coupons. But for a while aow, major Japanese investors have had to include
      NTT  -  771 words
    • 57 2 Reuter CONTWBNTAL Ms Watteanl Bank and Trust Ceaqpnny has land»id Hi pHw Mtag rate In ICV* per mem INa Tl per eeat, dteuMwj mteriay. On Hmetoy, Cknse Bank and First Nattsnal But jMMiip eeMh* grjnae ratosjnJCVi per 2m mt Mi Mvinin!?hmmlii* tell per Mat Ike ml» ranges
      Reuter  -  57 words
    • 350 2 IMPROVED re—lf at Ike Wall—l Buk of !■■>■■■ ria LM were attributed to continued deposit growth aided by relaxation of official interest rate policies in December 1980. The bank reported high group operating profit of A»01.3 million ($75.9 million) in the rear ended Sep 30, with grosi revenue of
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    • 74 2 Reuter rf Mi IMmm gaM Mkj TttSj ffiLSS! "'wiiiiirttf# Nt tefan BtenAfMk AhrlS"psr esaft if sM prodao*Tii rTix sr mi I* m ti k* \iCja iSiSsrSiSSrT 11 to IwSTmh > speshMs MM MM IH|HI Em KM* I«7 naMM«M li Mr MM| MMriki kfta fe lff
      Reuter  -  74 words
    • 58 2 THE ASIAN Development Bank (ADB) hns appiousd a UBHS mflhon loaa to n» for its electric power project oa the mala Wand of Via Leva. The loaa cornea from the beak's orMnary canttnl resources aad h for M years (iachahag a pace period of four years),
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    • 448 2 Reuter BANKS wmklwlde shsuM Increase their capital to avoid beta* too closely tied to politics, the chief economist of Salomon Brothers lac, Henry Kaufmaa, said. la a speech to a symposium in Luxembourg, the text of which was released in New York, Mr gmfmi» said: "B
      Reuter  -  448 words
    • 660 2 THE LAUNCH of n USPS» ■Simon EuioUmd pajtaf 14 Vi per cent interest over aeven year* would have been unthinkable now three weeks ago, when the EuroboDd market waa atifl fretting ow the pranect of irighar US fattnet rnten, ri ii n ft KAirOOOOa
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    • 110 2 THE EUROPEAN Economic Community is ratahw 199 million marks through a 12year Eurobond load-man-aged by Deutsche Bank The bend carries a 19V* per cent coupon with a fixed issue price at par..' The maturity is unusually long for a mark Issue, where the rule ever the last
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    • MONEY AND EXCHANGES
      • 212 2 SINGAPORE fold future» yesterday closed generally (Inner hi quiet trading in Use with the metal's rise la Hongkong, dealers said. Total sales for the day was recorded at 41 Ms while kerb volume was at «lots, they said. Prompt dosed fhrmer at USS4ISJO/417J1 an ounce against 411.00/414-50 on Thursday,
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      • 29 2 An M MB MB i* um Mck UB MB MM MM VM Am fcppw MB MB MB MB a^t prim la US Mva Source: Credit Suisse, S'pore.
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      • 124 2 THE US dollar in Hongkong yesterday held virtually unchanged again* moat major curiemJes from early levels, which were below owi nlghl closings in New York, dealers said Tradiag was quiet ahead the week» ad and the releaae of latest US money supply data later yesterday, they said. The dollar
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      • 99 2 STERLING in London yesterday was sharply higher against the dollar and European currencies, particularly the mark, in early active trading, supported by interest rate factors, dealers said. The pound opened at $1.9155/70 before slipping in early trading to 1.9135/ 45, compared with Hongkong's lat« 1.9015/36, 1.9000/21 at the done
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      • 378 2 STERLING Armed sharply against the US dollar in late thin tradtag oa the local foreign achap yesterday, euppoited by interest rate (actors, dealers —m The flhuapore dollar cioeed Onner «p 1 the US currency at 2JSH/SB compared with lOS/S PW— |p. It waa little rhsagad at 9LS/B against
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      • 175 2 THE OS dollar tar overnight delivery is Tokyo yesterday closed slightly firmer at WM yea after a 97.« opening, dealers add. This compared with a 257.30/36 close both In New Tort aad oa the US West Coast overnight aad 227J8 dose la Tokyo oa Thursday. Trading was moderate with
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      • 22 2 THE avarago rata at which major Singapore baaka are currently prepared to load to their boat eaatemora "is 14.4 par o«t
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      • 130 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Nov 13. HNMM 1 month 0«r fei 1SH U* UH U« Smooth! 130/10 117/lfl SMBUM ISI/N 13 7/10 0 month! uiuuutai »—UM U10/10 IS IS/IS U month! M IS* (•Jit Dm. 1 month (DtfiMm) W 100/10 Smoottu •H 100/10
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      • 36 2 RANGE at pr tew aflc r*d by disOwnigkt; Nov U to rVH iMrik nt*i ftvNMN V4DOOU1 Ti—wiry btlU ilk 3-mooUi Bulk bills 11 3 months CD 11 1»% ■MntteCD 11 M* Source: National Discount Co
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      • 47 2 RESULTS of tender held yesterday for 91-day Treasury ÜBs to be issued from Nov 19 to Nov 20: Mini: $190,900,000 Anffted Isr: 1374.150,000. ABsttsd: $190,000,000. AunpliO Mds: $».57 approximately 15 per cent and higher bids In full. en aJManent: 5.979 per cent per annum.
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  • Page 2 Advertisements
    • 297 2 NOTICE Notice Is hereby given that Mm MAEY PHILOMBNA LIM PENG nOON, NRIC NO. *****41/J Is no longer In our company's employ effective from September 1961 and Is therefore not authorised to transact business or collect monies on our behajf. WANS UWHIM (FTC) LTD. f r, 9 i f ,*v
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  • TRADE AND INDUSTRY
    • 160 3 THE SECOND Asian international electronic comiqunication show and conference will be held at the World Trade Centre from Dec# to 13. CommuaieAsta '81 will fetfture the latest in integrated networks, fibre optics, teletax, data transmission, telemetry and facsimile transmission. One hundred and forty exhibitors
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    • 312 3 THE NATIONAL Productivity Board, which is focusing on the human aspect of the productivity movement, will offer an improved series of senior management development and executive development programmes next year. This was disclosed yesterday by Mr Lim Jit Poh, executive director of the NPB.
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    • 289 3 MB GeeOrey Taylor, a director and deputy group chief executive of Midland Bank, will succeed Mr Stuart Graham as a director and group chief executive when Mr Graham retires next year. Mr Graham will continue to be a director. Mr Ma lmfci, also a director, will be
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    • 208 3 KEPPEL Shipyard's largest repair facility, a 330,000 dwt graving dry dock at Tuas, will be the hub of its service to very large crude carriers (VLCCs) and ultra large crude carriers (ULCCs) when it comes into operation next April. The HOO million dry dock will increase Keppel's
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    • 747 3  -  By RICHARD SEAH MANUFACTURING firms here will soon be the first non-Japanese companies to offer their workers a manufacturing management correspondence course conducted by the Japanese Sanno Institute of Business Administration. < Developed in 1977, the course was previously available only to
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    • 435 3 MR Ong Teng Cheong, Minister for Labour and Communications, believes spontaneous proposals from contractors, architects or engineers on bow best to improve safety at worksites can achieve much more than simply playing only a responding role to the Government. Mr Ong was speaking at the
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    • 517 3  -  By WONG AI KWEI Reuter MULTINATIONALcorporstions in the Asean region can do much more to promote the export of Asean products outside the region. The Thai Prime Minister, General Prem Tinsulanonda, said this in his call to Asean hmlwmwn to correct trade and market
      Reuter  -  517 words
    • 282 3 THE AMERICAN Institute of Management (AIM) will introduce 11« methods of analysing and Appraising different types of management structures here not Founded in IMB in Bonton, AIM conducts studies in management resenrch and develops managerial sciences as an educational ■UTilnMas ui9cipime. The first programme, Return on Investment, will
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    • 108 3 THE LIBRARY Association of Singapore is conducting n,f survey of libraries for then compilation of the Directory of Libraries in Stagapore—(third edition). It will be locally and overseas. Any commercial firm,? government department,» statutory board, board or any other organise tioa which has a collection >- of
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  • Page 3 Advertisements
    • 232 3 official notice wuriiii wcmwur son NAMI We, Itademv Pte. Ltd., of Suit* 1101 A, Uih Floor, Marina House, Shenton Way, Singapore 0807, Hereby give notice that in consequence of our clients' intended change of name of the motor vessel "Contract Mariner", we have applied to the Registrar of Singapore Ships,
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    • 125 3 inLond f-si l t ft i I. M H: fr V+--—i 4 r J Modern studios,2-3&4 room luxury apartments '""£38,750 Immediate finance available. Car-parking available New fully-equipped kitchens and bathrooms Management and Letting Office Fully modernised Wall-to-wall carpets 125 year leases and low ground rents Exceptional value Situated on the
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  • OVERSEAS
    • 524 4 Reuter, NYT PRESIDENT Reagan has V severely reprimanded Budget Director David Stockman for remarks expressing serious misgivings about the administration's economic programme. But he refused to accept aa offer from Mr Stockman to resign. The White House later issued a statement saying Mr Reagan was gravely
      Reuter,; NYT  -  524 words
    • 242 4 UPI c CONSUMER prices in the Industrialised countries increased from 0.6 >nr cent In August to LI per cent in "September, the Organisation for Economic Z Cooperation and Development (OECD) reported. '2 The United Slates experienced a monthly «rise from 0.8 per cent in August to one
      UPI  -  242 words
    • 181 4 Reuter AMERICAN eeanesßists hoth praised and nnlrsssfl the standard wCrther'thel» shaaKgJa dallar Is the preIhe Inst He between the dollar and gsid was severed In It'll when President Nlxm said foreign holders ef dollars eanld as longer redeem them for geld, flssecksns lest this
      Reuter  -  181 words
    • 345 4 Reuter EXXON is withdrawing from all operations in Libya. The company, which at one time produced hs many as 100,000 barrels a day in Libya, has not been purchasing crude oil from Libya in recent months, oil industry sources said. "It is the wish of
      Reuter  -  345 words
    • 251 4 UPI, Reuter PRIME Minister Pierre Trudeau's government is headed toward a redistribution of Canadian wealth In proposing a 1983 budget that dismantles tax shelters for the wealthy but eases the tax burden on some 12 million low and middle-income families. "Many Canadians find our tax system unfair,
      UPI,; Reuter  -  251 words
    • 252 4 Reuter CANADIAN Finance Minister Allan MacEachen has said that measures being employed to raise Canadian ownership of the energy industry are not appropriate for other sectors. In a paper on economic development for the next decade, Mr MacEachen also said the Foreign Investment Review
      Reuter  -  252 words
    • Article, Illustration
      310 4 EXPECTED ARRIVALS YESTERDAY KEPPEL WHARVES Bunga Bindang (0600) 45, A Gushan (2000) 35/36 Golden Eagle (0000) 25 Kota Berlian (0700 after Kota Pelangi) 10/11 Kim Soon Li (after Jenson) 22 No. 6 Donam (2300) 38/39 Sally Ocean (1130 after Sagaland) 6/7 Tadeusz Ocioszynski (0530 Must vacate 16/
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    • 282 4 Reuter AFP THE Sri Lankan gowernment has snntwmmd a hag* 25 per cent incrsnse In Income tax and a a per cent rise in import 'duties on luxuries. Presenting the ISC budget to Parliament, Finance Minister Ronnie de Mel eaid the affluent had
      Reuter; AFP  -  282 words
    • 268 4 Reuter MOBIL OH bos ashed the US Federal Trade ml id in (FTC) to approve aa immediate toheovor of Marathan OH, an übwOHbk target la a anir bid that coaM coot Mobil mart tea US* billion. Mobil, fee nrnsrtMgpsol Americaa oil cwnposy, wants to
      Reuter  -  268 words
    • 556 5 UPI 'JAPANESE police, acting at the request of US officials, have conducted a secret inquiry into allegations t&ht a top aide of President Reagan was Involved in a ■bribery scandal In Japan. /"The aide was not named bV the nationally circulated Mkiaichi newspaper. But it
      UPI  -  556 words
    • 140 5 Reuter INDONESIA'S Trade Minister Radius Prawiro has presented a draft Bill on company registration to Parliament which, if passed, is expected to go into effect early in 1982. The Bill applies to all foreign and domestic private companies including banks and insurance companies, but exempts
      Reuter  -  140 words
    • 131 5 YAMAHA Motor Company of Osaka yesterday signed an agreement with a Malaysian state-run company to establish a Joint company in Malaysia to produce motorcycle engines. Under the agreement, the Joint company will he set up next March to begin production of 80cc motorcycle engines early in 1384.
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    • 657 5 fe r ARRIVALS t 2" S«nrie« Local Operator Nuber Time Fraa PAA CAL JCnnol •MAS :sia .MAS MS t S!l THAI SBt MAS MAS RBA SIA KLM 4 PA005 CBS nz CVTJS MH001 SQ101 HHH1 HHS71 MH680 SQ201 MHBlCB14 CX710 GAM SQ103 GAM TG4Q3 PR501 SQ191 MH681
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    • 639 5 AP BRITAIN hoisted the first signs that its battered economy could be riimNng out of recession, reporting an encouraging growth in industrial production. The production figures, which show a steady increase in output in the third quarter this year, bolstered Prime Minister
      AP  -  639 words
    • 362 5 AP TONY Benn, doyen of the left-wing of Britain's opposition Labour Party, has refused an ultimatum from party leader Michael Foot to back his senior parliamentary colleagues. After conferring privately with Foot at the House of Commons, Benn issued a statement which stopped well short of
      AP  -  362 words
    • 294 5 Reuter EUROPEAN Common Market steel users have tesuecf a statement protesting against the EEC Commission's support (or a steel price increase. The Commission said a 12 .5 per cent boost in steel prices was needed (ram the beginning of nert year. This would come
      Reuter  -  294 words
    • 303 5 Reuter A JAPANESE-Malaysian Joint venture Is likely to begin producing coal in early 1983 in the East Malaysian state of Sarawak. This would maty the first coal exploitation on a commercial basis in the resource-rich country. Industry sources said Kawasho Corp, a Japanese trading company, and
      Reuter  -  303 words
    • 218 5 AP JAPANESE aerospace officials p»*" to travel to Seattle next week to discuss a possible Joint venture with the Boeing Co tor development of a 150-seat aircraft. Boeing's spokesman Gordon Williams said, "It's too early to talk about actually building such an airplane, but we do
      AP  -  218 words
    • WORLD IN BRIEF
      • 327 5 Agencies VENEZUELA is expected to earn more than US$2O.3 billion In 1982 from oil exports, compared with an estimated »9 billion in 1381. This is based on calculations on the sale abroad of an averafe 1.79 million barrels per day of crude oil at a price of
        Agencies  -  327 words
  • Page 4 Advertisements
    • 87 4 Now see the War in n m mh mm mm m .j i JS» vk w*mri Chinese J* < sa-sysr--3I?I -i|( tfP. O *2*~~ *V m. m ri *-K i I 1 PI r *< •I.J v 1 4' Lri r I—- *N v *t- N <j V V* 1»W
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  • Page 5 Advertisements
    • 341 5 T !i nnan V Av jro^ \bn liave the nose, we have the wines.. \nn< Mint snu lln (in man nu- astmi; \n r\ elebtat my tlie* ureat tjiapes ot (.< im.iin. And featunni; some ot the noblest untaxes m .til tin u< >i (»et to know 1080 arhenheimet r
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  • 438 6 SENTOSA has never come close to a success as a tourist resort. The reasons art painfully clear; there Is Just not enough to do on the island. A trip to the coralarium, the Surrender Chamber, Fort Siloso a pleasant enough way to pass a
    438 words
  • 271 6 DAVID STOCKMAN, the whiz kid theologian cum politician «»"> director of the Office of Management and Budget who dazzled Congress with his command of facts and figures into swallowing Reaganomlcs hook, line and sinker now says lie was only kidding. Sorry folks, be says, but
    271 words
  • 395 6  -  By TODD CARREL AP JAPAN, the land that perfected the tea ceremony, today carries out many of its social and business rituals over cups of coffee at thousands of coffee shops found on almost every city corner. This island nation has become a bastion'of
    AP  -  395 words
  • 752 6  -  By RYUNOSUKE IORI Depthnews BUSINESS people from abroad never meet women in the Japanese business world, lamented a women's group recently. The reason is simple. Very few women hold responsible Jobs, and fewer still are those who ever make it to conference halls and negotiating
    Depthnews  -  752 words
  • 877 6  -  By RUSSELL BAKER NYT TO CHILDREN of the *****, World War I, though it had ended only 15 or 20 years earlier, already belonged to ancient history. I marvelled that my parents had been alive when it was fought. It made them seem very, very
    NYT  -  877 words
  • 668 6  -  •y KENNETH NOBLE NYT ONLY a few years ago, Mark Überman recalls, the primary aim of the social studies course in economics that he teaches at Norman Thomas High School In Manhattan was to prepare students to become discerning consumers. Now, rather than emphasising bow to balance a
    NYT  -  668 words
  • Page 6 Miscellaneous
    • 572 6 CRYPTIC PUBLE I MoM. much IfteipOtowfl) T The altl—tf fai trophy t n—j fellow often out (3, ]t firmlnlnr r give the cochney a thrill (5) is *.y y 14 13 a 44 Hi 1* Imitated soft feßow (4) S DNnfaai that mate me 7 #nwaad(4.«) 9 fTpii a way,
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    • 22 6 BriStdW: Frank Dickeng U>HPTT pi LOT of BRUN/hoo ovefc SIR R€J£>*4FM_D Cnesife engTuppvy. VOO TwtfVT F*GPHH SSH/ 6lp*ck T»e p Right oti-
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    • 464 6 Chris Evert at Wimbledon Kvcrt IJajrd the to tlMtf It wmj to a Mi .1 ,'1*1 t M □j 5 mmm n Z i Xmt SINGAPORE 1.00 PM Optninc Mowed by Sesame Street 2.05 Satwday Matinee Blue 3.55 Wimbledon Tends Championship Ladies Singles Final (Chris Evert Lloyd vs Hana Mandlikova)
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  • 850 7  -  By SANDRA SALMANS NYT FOR MILLIONS of women around the world, the name Revlon is synonymous with the beauty busineas. But the company, which the late Charles Revson founded in 1932 as a nail polish business and built into the largest manufacturer of retail cosmetics
    NYT  -  850 words
  • 582 7  -  By TSANG SAU YIN LAUNCHING new pertome which Irnti SpOWB d «MMI foshfoß hNM MCfc M Chaad Md Christian Dtor poses iWereat wt d problems la Ite promotion. Theee mostly ceatre m creating aa ahsdatdy aew «Image" teat wtll catch ea wlte «to Maaamers aai stay
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  • 1610 7  -  By PAUL BETTS FT "OUR GOAL is to become the premier provider at consumer financial services." With these words Mr Edward Telling, chairman of Sears Roebuck, set off last month on his own shopping spree to transform the world's largest merchant into a place where America
    FT  -  1,610 words
  • 665 7  -  FOBUM, with DRUMMOND AYRES JR NYT IT IS a disease that can strike early. When it does, its devastated victims often go into strange public paroxysms. Diagnosis: Presidential fever. Prognosis: No known cure. As with many serious maladies, almost no one admits at first to suffering from
    NYT  -  665 words
  • Page 7 Advertisements
    • 394 7 Asia, at your finger tips... t Other than speed reading, there is another way you dan know a great deal more in much less time. The ASA 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
      394 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 185 8 CORBBILLK Alr-Uf«M* 4I1J0 -1U 8 N OOTlto car (ThaaMOO Cat) m -i CI* Frmnc&la* dm PMrota* laan -U Credit Fooetar D* Frmnr* m. M -U Ilai liilli uneb -0J6 -U Mtehattn x. nj MO llttiJ m n 0-5 -1 p£ (It* Oam IK uncti 11 -«Ll 111.10 -U 1IU0
        185 words
      • 67 8 NOV U FORWARD MARKET 171 unch Artwd Aatur Bmcui Bru-Laoib gsr D* BWI a** HO -U M -4 m -M MS -1 im -u IM -4 MO unci) MM -m B IM Soc On B»* TtnP CASH MAR MM unch am IOC nnch W -4 M(0 -M MM -6
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      • 155 8 not U v D" Aat-TMtfHBteo am -U aSo a* All« Laban Alii Vers 1S3DJ0 in -at •1 RAJIV h)HT Wtanft BM mm Ml JO ncooB <u »u ar IX 00 •nn 1J -li BMW UtH Cmiii Cbcm Van* Coonuntant Conll Oumml Daimler-Be na mm mm nm Jtut BlJt ♦4
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      • 142 8 NOV U rrenci AcUonc SttlMi /Uuiuiw Br. a Mi ♦i r AjuauiiM tar Brown Bowl Br. CU* Ortfy Br Cite (M0 P C IB MS lis 4 1» M 1* CI ha (M«7 Rff Credit nihil Br Credit Bum B«c B»ktro**U Br. Oaorg* Ptachar Br Oltta Be SOD 11*1
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      • 116 8 not a ARM r*» ■MO «U AboH T 0J T~ tu -T+0J -r" "T~ ~T~ -u 0J •Oil "~r 1 +1 +0J CMCMA QM mi KwlM ♦M 1 oncb ♦OlT 1 onch ftktar M sua JM0 ftJO -LI ♦OJ 1J ■TjIlJ!" ft* audi Ul ft J* 10.10 ST JO
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      • 62 8 NOV U Un 4 S. 5 Ante Aaaoc dan w 1411 -1 u S3 Qftk IH IS Hi itAlfM IttlMar Itagnetl M PI ST H IS 1U kleOvot w 8 fig 41*0 IS 4 Bit M Ml inch U m m ■m Ui t m oan am m E=
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      • 67 8 NOV IS 31 pXr3 M Can M CtBfM a* Carte* OVnl) n It* UDCb St% to M Mora* DM Tar M a« H ♦it n* M rSeeSSS O* Slk Oi Wat Ufa CK TtOom Knl* UHB Qui! cm Cm ss IMkf Hta at 4k i-T nu M MM lot
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      • 147 8 WUT U INDU A AlptM Afcwew AS And CI AftOC Bwkm Crnr* rtn—«* Mean Z MP" lw«d) r*d vou rytOtrannl BTE1AL8 «M m m m m ZHZ UBO -4 -a ■4 SSSSr wmeh 1M HBTJ M And R MimilllJ «M IS m •4 OIL Ok Wm «w a a
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  • Page 8 Advertisements
    • 647 8 '^-!}>]>`^|]=*%~!)>(:)}.>/[,@)? The American Express Card serves you well, wherever good food is served. 7??. f -T3?c-i %yk 1 1..# 1 I I S 11 Snacksfor your island treks r_: cA K c B ri-i, v i Take your pick: Curry PuH Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast
      647 words
    • 87 8 Rfcasgood as going to Bangkok. i?* This Is Thai Saatood at its authentic bast. So traah. It coutd haw* baan ath>« 15 minulM batora coming to your labia. N waa. An anormoua variaty of auccutant aaafoodt ax partly praparad by Thai chata m our kitcfwn. a CockpM Hild Oxlay RiaafPanang
      87 words

  • RAW MATERIALS
    • 171 9 ins eteslag priMv pscHOhgjiil ill». Oilißßt sfl: Bulk fob SIM.OO sellers, old dram (ia second hand dram) fob US.OO sellers, new dram fob $128.00 sellers. Csyra: Mixed (loose) $57 tourers. Popper: Muntok white pepper fob Asta NLW $377.50 sellers, Sarawak white pepper feq fob NLW $37X30 sellers, Sarawak
      171 words
    • 130 9 TARN and cotton prices were quoted as follows in Hongkong yesterday. (la HK dollars, spot ex-go-down) Cattea yam: China Bine Phoenix 2te 1000; 32s 3,1». 80s 3J70 (per bale at 4to lbs). IZTI*7Mf'C-IO; *nt roller ghmed 100 (per lb). CLOTH In HK dollars, wholesale prices, exgodown yesterday: GMka «tote:
      130 words
    • 313 9 SOfQAPOBB: Yesterday's closing prices in S$ per Idle, ex-godown: THAI WHITE: M per cent first class (Kangaroo) new crop Lfl, lflO per cent second class 1.13, US' per cent third class LN, 35 per cent new crop no slock, B-lft per cent no stock. THAI BROKEN: A-super 0.75, Special
      313 words
    • 83 9 THE STRAITS tto prtee to Peuig yestonby goloed oao eoit to MISS. 1 ft kOo y ft MW ISmeath Ugh, still wftfcta the ITC ipper Meter rftftge «f Q4.W sii n* mrkot firmed so (rakovcnwaailoeftl ieniftßd feUewtog Lftftdea's stronger seatlmeat, while the tower disposals gf «re by misers
      83 words
    • 33 9 Rubber: Not 13 Singapore: 190.50 cento (up 180 cento) Malaysia: D < 223.50 cento (up 0.50 cent) Tin: M 535.75 per kilo (up one cent) Official offering: 169 tonnes (down 11 tonnes)
      33 words
    • 109 9 WHEAT futures in Chicago on Thursday closed on afw day's highs, up 5V4 to 2V« cents a bushel higher. Follow-through local short-covering in the technically oversold market edged prices higher. Trader* said locals also covered short positions ahead of Thursday's USDA crop report. Steady commercial and professions) purchasing contributed
      109 words
    • 707 9 CUPfU: Robusta futures yesterday traded quietly within a narrow range after drifting back from early highs. Dealers said initial strength followed the ttmibm dose in New York on Thursday In an upward correction on technical factors rather than fundamental news. They said Dec met resistance at the high
      707 words
    • 105 9 THE Kuala Lumpur crude palm oil market yesterday closed lower on further selling in quiet trading, dealers said. In lwvember south dropped M 57.50 to $912.50 per tonne while central traded lower at $910. December in the south also closed lower at $910. The refined market was featureless
      105 words
    • 146 9 INDIA IS likely to impart around 1.2 million tonnes of edible oil in the 1981-82 oil season (November-October), the FliutnciM] Express newspaper said. Availability of domestic oil in the current season is expected to be about 2.5 million tonnes against an internal demand of 3.6
      146 words
    • 232 9 RUBBER prices in Singapore yesterday closed slightly higher with December One RSS buyers quoted at 150.50 cents per kilo, up 2JO cents from Thursday's close. Morning prices were marked up slightly on high, er London advices and some covering interest. Afternoon prices gained further ground on some weekend coverti*
      232 words
    • 263 9 RA8 prices In centa per kilo ywterfer QM (pv Uto) (P«k r^. IM a»_ i Jff 1"1' ,alt HUM 1*. 1 R-S-S bmto UUI mm htimjuwr, 13MI nui H** UU<N UK/Ojt 154JI OJN taL S R-S.S ***** MUM UK/Coat 147 Jl mum J* MUl MUM Wt/pJ*- MUl MUM
      263 words
    • 85 9 NOON MR i IM nn (toraM ■Mm la 1 1MJ0 1 1MJ0 mr Itii OWw«!S*1 b*> S8R M 888 W MK1LB C P*H (l-toa ■an IMlMN 1MJ0N 1MJ0 Ban M0J0N IMLMN SMRCV 8MRL gyp i B mm ss: at* 1 1M.S0 ■UON MkMM Iff MM moo tMJO
      85 words
    • 701 9 FALLING Interest rates and a strong bond market ted New York stocks to dose higher on Thursday although conoersa about the economic outlook tempered the rally. The Dow Jones industrial average gained as much as 7V4 points during the day but then eased is late trading to
      701 words
    • 328 9 EASIER conditions prevailed on the local and Malaysian rubber markets as the new current December One 1 RSS position fell 13 cents to last week's November price of 188 cents (S) per kilo, Hsiday, Ostler, Bath and Company says in its review of the week
      328 words
    • 217 9 SOYBEAN future* in Chicago on Thursday retreated from day's highs late to close 1% US cents a bushel higher to down V* cent Late active selling by a leading exporter, estimated at 5.5 million hiMhrts of January, sparked local selling which clipped nearby gains and dropped thinly traded deferred»
      217 words
    • 448 9 PRODUCING and trading interests in the rubber and tin industries have been reassured that they will be duly consulted before trading in the futures contracts of the two commodities are introduced into the Kuala Lumpur Commodity Exchange (KLCE). Malaysia's Primary Industries Minister,
      448 words
    • 343 9 THE KUALA LUMPUR Commodity Exchange (KLCE) has established itself as a recognised reference point for the pricing of palm oil transactions and as a hedging market for the commodity within a year of its operation. Before the KLCE was established, the palm oil trading community in
      343 words
  • Page 9 Advertisements
    • 222 9 The oil industry is the world's Isrgsit commercial enterprise. Its extent is globel, effecting every country. International issues from Iren to SinoSoviet reletions ere influenced by considerations of oil production end consumption wnnsi me internationei conifiKinicelions network of the leroer oil com Denies rivals that of the mejority of netions.
      222 words

  • 1662 10 BID awl offer prices officially 4isted aad businrss in and re-' ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 uaits, unless otherwise specified. SECTION ONI INDUSTRIAL COMMUtCIAL Amis (11SB)
    1,662 words
  • 123 10 (Hwin'irtwkrllMin prtw Ha* M AIQ TW Camra US 1M Uammt 1H«wfc|ilW LB IM 8*pan Fd (U9I) Ul Ui S port PVo* IM Ui La m LT4 rpnteFM La LIS (OctH*ĕv) Tptnlmwmrmd La LM rpm Bq*? rmd La La a>.Sy i >SgS, a) uumaviu lUlnMlW LW La QkapK'plMlvRRin Mai
    123 words
  • 2595 10 1M1 Hick Lew OwSMy Last Sale +erOr*s Dir Dir CTT Gr*s rid Net P/B Vol ['9m) Day High Lew SBCnON ONB INDU8TMAL A COMMBBCIAL .m lis 380 SIX 430 SM IN SB* 975 430 SM IM 1M US MS M SM SM SSI Aetna Alcorn Allied Choc
    2,595 words
  • 1747 10 BID aad offer prion officially listed aad hwtf la aad reported to the Kuala Lumpur Stock Eschaar Jtaerdar, with the number of riarn traded Bwwn la brackets ta lots of 1,000 nalts, ualeas otherwise apedfled. ĕkmm aJPSSI"» LB (5) Ul at ACtaOBB) A B 0-478 IBB) (1)
    1,747 words
  • 350 10 BRONO rnpp n1 ••■*s a*t SUek BrekoageM 8l«g»> tTM MHtt ■oat poftooa OtOlWt 81 Mkevete. Straits TUie? Umm! Mob hMpotaMl potato •ad, 88 tk* aooaoataao canted whtho Mtoiaoia, «losed «ite IUI pMo Mgkortemtt. JDi« broker moImM BiKSna lo imflisjkt, ho added, kat tkoae loretfa
    350 words
  • 567 10 SHARE prices closed higher on a wide troat at the Kuala Lumpur stock exchange yesterday as improved sentiment strewtheued the market in active trsihng. Plantations and tin counters continued to attract fresh support tor the second day running:, scoriae food gains all round. Rubber shares were
    567 words

  • COMPANY NEWS
    • 380 11 MWE Holdings, which was embroiled in a bitter boardroom battle earlier this year, continued to be bogged down by losses during the first half of its current financial year. For the first six months to June 30, the group was hit by a further
      380 words
    • 364 11 Campaay Supreme Plant UIC Sea Vtear Spot* Land SJ AmI Shu Lim CCM M Boa Spore M Breweries Fhoa M Bar Periad F F F F I I F I F I Date I—a mi laat year 17/9 30/9 1/U 10/U 12/U 15/U 18/U 18/U 18/U 20/U IA
      364 words
    • 164 11 HARBISONS tmi CraflcM has announced the resignation of Mr D R Mathews from the boards of the following companies of which he was chairman Castlefield (Klang) Rubber Estate, Holyrood Rubber, Hongkong (Selangor) Rubber, Killing hall (Rubber) Development Syndicate and the Kuala Selangor Rubber Company. Mr J McLeod has
      164 words
    • In Hongkong...
      • 198 11 Reuter said a wholly owned "wu; vwucu subsidiary has entered into a conditional agreement to acquire four blocks of freehold property at Lancastar Gate, London, for £1.91 million. The properties comprise 36 self-contained apartments located in a four-storey development. Currently these apartments afe in various stages of
        Reuter  -  198 words
    • 1130 11  -  Market Talk... a round-up of viewpoints compiled by dim Km chris lim MALAYAN Banking Bhd expect to benefit from higher interest rates, in the current year to June 30, 1982 despite declining rates anticipated for 1982. According to UK stockbrokers, Laurence, Prust and
      1,130 words
    • 215 11 PERN AS Trading Sdn Bhd, a subsidiary of Perbadanan National Bhd (Pernas), has set up its first overseas office in Hongkong last month, its international m n *p 4w g director Mr Sabaruddin bin Qiik said on Thursday. "This Is part of our efforts in intensifying
      215 words
  • ASIAN STOCKS
    • 281 11 SHARE prices in Tokyo yesterday rose sharply with buying interest in blue chips enlivened by lower us interest rates and the ovenflght rise on Wall Street, dealers said. The market average gained 64.49 to close at 7,569.51 in a moderate trading volume of 340 million shares. The Tokyo stock
      281 words
    • 205 11 HONGKONG THE Hongkong stock market yesterday closed higher on speculation of a further cut in local interest rates prompted by declining US rates, brokers said. In addition, the weakness of the US r dollar has produced a movement into the local currency, thus providing fresh investment potential
      205 words
    • 184 11 THE Sydney market yesterday drifted and active trading in situation stocks was the only feature in both .sessions, dealers said. The sale of several big lines of stock compensated for the scattered buying in industrials and the minerals sector. The market barometer, the All-Ordinaries index, closed at
      184 words
    • 2 11 r^l^S
      2 words
    • 46 11 WCT OltMW CD vrK h 'AMI ao» Am J unch Phil Oil him nun A nuin m Z~ mm M0K jjt Br CDC Lao -"•"•I unch -a 04 PUT MM SWT MM MS Vao« u iter Orta DISS. JJJ» ■ill?'— unch SSSzzz mm rut unch
      46 words
    • 54 11 FINANCIAL TIMES INDUSTRIALS Thursday m« Wednesday 50#^ Week Ago 504 3 DOW JONE8 AVERAGE INDUSTRIALS Thursday mom Wednesday 187 u Week Ago 8SS.il U.K.HANG 8BNG Friday *****2 Thursday 1413.43 Week Ago 1395 92 AUSTRALIAN INDUSTRIALS Friday 706J Thursday 703 Week Ago 696 2 ALL ORDINARIKS Friday. 570 4
      54 words
  • Page 11 Advertisements

  • Chief Price Changes
    • 151 12 Rises Goodwood Park iaoo +100 Roihuiai 830 >96 H Uo«| Credit eso 450 Keck Seaf 400 50 Stingei Beai 800 45 F E Leviagstoa 565 45 Car Is bore Malakoff 450 344 40 34 Berjuntai 890 +30 Ambaaaador 740 30 OUT 326 30 P M R I 280 30
      151 words
    • Article, Illustration
      148 12 Rises Rahman H; yd 630 +60 A Hitam (I t) 480 +56 FE-L'ston 620 +50 Berjuntai 960 50 Kramat 440 Kg Lanjut S Dredge 460 580 +40 +40 Sungei Besi 910 40 S Trading 965 35 Malakoff 394 32 M Oxygen 340 +30 S Land 1040 +30 P*gi
      148 words
  • 432 12 IT IS still unclear why Permodalan Nasional Berhad went into the London stock market offering to buy Amalgamated Metal Corporation shares at 550 pence (MJ24.20) each, outbidding the offer from AMC's parent company, Preussag AG of West Germany. "What we have so far are speculative explanations why
    432 words
  • 573 12  -  ■ieii Companies Editor: Mano Sabnani By DAVID CHOW MULTI-PURPOSE Holdings Berhad has launched its widely-expected full bid for Dunlop Estates Berhad. In a late announcement yesterday, Multi-Purpose said it is making a general offer for all Dunlop Estates shares it does not already
    573 words
  • 380 12 TOWN and City Properties, in which Indonesian mllionaire businessman Hendra Rahardja has the controlling interest, has bought a substantial share in one of the largest local property development companies. Town and City said it has acquired 5.6 million voting shares in Singapore Land
    380 words
  • 270 12 THE Stock Exchange of Singapore has queried SPP Ltd on its proposed acquisitions at Bored Piling, Soil k Foundation and a piece at property belonging to Diaward Equipment. SPP Ltd was scheduled to bold an extraordinary general meeting on Oct 14 to approve the acquisitions but on
    270 words
  • 733 12 LONDON, Fri. Equities closed above while UK govenmwßt t—nit finned following the fall of oyer one print in the weekly Treasury bfll tender discount rate. Trading to equities was very quiet throughout, and prices tended to drift on lack of interest, leaving the Financial Times Index index at
    733 words
  • 79 12 AP NEW YORK, Fri. The stock market was little changed this morning amid fresh evidence of a slumping US economy. The Dow Jones average of 30 industrials slipped 1» to SB.M in the first half hour Gainers and kaers were evenly balanced in the early tally of
    AP  -  79 words
  • 171 12 TAIPING Textiles Berhad has received approval from the Malaysian Foreign Investment Committee for its acquisition of eight property companies. But the company will still have to get the approval of the Capital Issues Committee and the shareholders of the company before it can proceed with
    171 words
  • 918 12 wrnmm EOT 0& THE stockholder who has held on to his Sealion Hotels shares for the last three years would have enjoyed a capital appreciation of more than three times on his shares. He would also, if he has not sold out, be part owner
    918 words
  • Page 12 Advertisements
    • 189 12 A unique international survey of modem photography from The Hamtyn Publishing Group world photography Twenty-five of the world's leading photographers have contributed to make World Photography an outstanding book. As well as portfolios of what they consider to be their greatest images, all the photographers have contributed descriptive and technical
      189 words
  • Page 12 Miscellaneous
    • 63 12 OUTLOOK for Singapore from 6am to Ipm today: Showers in several areas in the early morning. Report for 24 hours prior to 7J9 pm on Nov IS at the airport: Maximum temperature 31.8 Associated humidity 54 Minimum temperature 25.0 Associated humidity gg Hours of sunshine "6.10 Rainfall in millimetres Nil
      63 words

  • LEISURE TIMES
    • 1373 13 RICHARD STRAUSS'» S*kmte created a sensation when it was first performed in 1305. Music critics were locked, and we are told that when the Metropolitan Opera presented it in 1907, many subscribers walked out in indignation at the sight of the titular character (fcroottng over
      1,373 words
    • 261 13  -  iy TSANG SAU YIN WAT A WAT to laaaeh a pntuMl <Iht pare Bj—fkmy OnMn, a sparUag (MbhiAi»pß(MkjPhHlMMiMvto|to the AawpMkr •< 1— Psal Ptonhi ul wwftol JuwMtry few Ji fttow; toto| tfl iIMfM im t?w. The ooMrtty m i—mt to lj» Mw, t hiaMM awlN ty royalty, PikN
      261 words
    • 525 13  -  WEEKBID GOURMET By SIOW LI SEN EATING nine courses for lunch sounded like a tall arctar, and extremely fattening as well, but the cooks at Ilnwrk la Rotonde, Marco Polo Hotel, knew exactly how to titillate floe's taste buds in the most satisfying way that at the end
      525 words
    • 770 13  -  November 19 to 27 PREMIER THEATRE (Orchard Towers) Tickets at $1 for members the Association Goethe-Institnt, $2 for non-members, at Premier Theatre By LEE YOKE MENG ISTANBUL. The name akme conjure* up images of Intrigue, secret service and high thrills. Istanbul Is aleo part of the setting far
      770 words
    • 1155 14 ■OTORIM with Hermes FEW people are aware that Bayerische Motoren Werke, better known as BMW, is the smallest independent car producer in Germany besides Porsche. Last year's car production, for example, was only about 340,000 units while its motorcycles division turns out 30,000 units, reputed
      1,155 words
    • 1137 14  -  CHARMAINE CHAN SINGAPORE Sports Council 1b looking far people to conduct the National Physical Fitness Award (NAPFA) tests which will start in January. In a fortnight's time, the SSC will hold a tester's course. This to a four-how session and applicants will sit for theoretical as
      1,137 words
    • 811 14 "The sky spangled with stars. The silence, the immense solitude, contrastd with the skylines rimmed with industrial smoke, the cramped apartments and frenzied cities of my native Japan Isao Nakabauro, experienced these new and beautiful impressions in the middle of a desert the Sahara Desert. HE
      811 words
    • 224 14 TODAY GOLF: Warm: R T Dawson and Daniel Lim (ace each other this afternoon In their quest (or a place in the finals of the Club Championship Matchplay competition for 1981 while the other finalist is either Narian Singh or Peter Quah. Cbangi: The first round of
      224 words
    • 122 14 TWO Canadian and three American horaca have arrived to compete in the million yen (U*****.000) Japan Cup, Japan'* first international hone race. The Japan Racing Association said the American hone* included The Very One, a six-year-old mare, Mairzy Doates, a five-year-old mare and PTlte Tete, a
      122 words
    • 937 14  - How the ChinaSaudi affair affects us By RONALD KOW THE TALKING point in I local football circles yes- terday could not have been about the new-look Singapore national team defeating Malaysia 1-0 at Bangkok in the Thai King's Cup tournament. The "hot" topic, in the morning after, must have been
      937 words
    • 151 14 DEFENDING ehamplea (Jailed wfllaMw* taMhy* mmlSmSSmS* USfUMN Mmta Ca> «Mart teaala tNTMBML 11» ether imU■als win be played bet a una AasUaUa, 1M nwVip, Mi nrtk nHil Great Hi lis la at the day eearts ef the Taaagawa Baejaet Ttrn* CM la seath weatu Tekya.
      151 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 489 13 WHAT WHERE CONCERTS FAMILIAR FAVOURITES by the ftppm ITj ni|> I■ J Orehoatra. At S.lspm tonight, at the Victoria Concert Hail. Austrian pianist George Thymto to the SSO's pat MUSIC FOR EVERYONE a I art fhM fnaftnL At the tonight at 9pm. AT THE Victoria Covert Hall tomorrow at 7pm
      489 words