The Business Times, 21 November 1981

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, NOVEMBER 21,1181 60 CENTS
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  • 368 1 THE proposal to reduce employers' Central Provident Fund contribution came under attack yesterday by a member of the Singapore National Employers Federation. Mr Lawrence Mah, chairman of SNEF's shipping and transport group, described this move "as the most dangerous and ill conceived" recommendation made
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  • 225 1 LUFTHANSA'S sales director, K W Ambrocius, will arrive in Singapore tomorrow. He will hold talks the next day with Singapore Airlines' director of marketing, Michael Tan, and the regional director for Europe, Liau Nyuk Hoi, on the issue of SlA's sale of discounted tickets
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  • 486 1  -  By AGNES WEE RENTALS of prime shop space are consolidating after falling by between 5 per cent and 10 per cent from the high levels reached last year. For example, an average-qual-ity shop space in Orchard Road can now be rented at $205 per square metre,
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  • 303 1  -  By LEE YOKE MENG ASEAN and American bankers and businessmen ended their intensive discussions in KL with wideranging recommendations and promises of further cooperation. Though the joint communique issued by the AseanUS Business Council and the Asean Banking Council sounded a firm note of progress and
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  • 507 1  -  By RICHARD SEAH THE FIRST made-in-Singapore video tapes will reel out of a new J5 million factory in Jurong by the middle of next year. Auvitec of Singapore will invest another |1 million to set up a research and development section once commercial
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  • BRIEFLY...
    • 93 1 PRIVATE hospitals have been urged to set up their own blood banks to cater for their blood needs. Making the call last night, Minister for Health and Second Minister of Defence, Mr Goh Chok Tong, said this is a better alternative to expanding the facilities of the Blood
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    • 60 1 THE biannual Asean Economic Ministers' meeting scheduled for next month in Kuala Lumpur has been postponed till early February. According to the Ministry of Trade of Malaysia, the meeting was postponed "because of unforeseen circumstances." The meeting will discuss, among other things, ways to improve intraAsean trade and
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    • 56 1 AFP KUALA LUMPUR, Fri. Malaysia's trade surplus is expected to drop this year due to world economic recession and trade restrictions by certain industralised countries. Finance Minister Tengku Razaleigh Hamzah told Parliament today that Malaysia is expected to record a trade surplus of MJ2I4 million compared with
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    • 66 1 Reuter ESSEN, Fri. West Germany's Ruhrgas energy concern said today it had reached accord with the Soviet Union to buy natural gas which will be supplied from Siberia under a huge East-West pipeline project. The agreement is the first in an expected series with West European companies
      Reuter  -  66 words
    • 80 1 AFP TOKYO, Fri. The Japanese discount rate could be reduced shortly due to the yen's appreciation against the US dollar. The yen's rise got under way on Monday and today the dollar closed at 219.3 yen against yesterday's 220.45. Dealers believe a drop in the discount rate would
      AFP  -  80 words
    • 73 1 AFP KUALA LUMPUR. Fri. The International Natural Rubber Organisation (INRO) Council today turned down an urgent producer countries' request for an upward revision of the INRO buffer stock price range. Rubber consuming countries blocked the request by pointing out that under the International Natural Rubber Agreement (INRA),
      AFP  -  73 words
    • 79 1 AFP NEW YORK, Fri. President Reagan's popularity at home is slowly declining, along a similar curve to that of his Democratic predecessor, Jimmy Carter. Reagan's performance was judged "good or excellent" by 46 per cent of those polled (against 51 per cent in October) while 35 per cent
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  • 313 1 CHASE MiifcitlM Buk aad Buk ef America have eat their prime Iradlag rale by half pereeatage petal te 14 per eeat, la Hae «rlth Cltthaak. A third haak Algemeae Baak Nedertaad wlli reduce Its leadlag rate to heel barrewers by half petal to 1U
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  • 464 1  -  By LILLIAN CHEW THE great changeover to computerised cheques is on. Thirty seven full banks are now in the process of issuing the new Magnetic Ink Character Recognition encoded cheques to their thousands of current account holders. But the way the change
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  • Page 1 Advertisements
    • 247 1 The Singapore's Straits Business Times World DIRECTORY at your (jf Fingertips Singapore I (Buku Merah) M aasuMSINGAPORE Land has received a host of queries from the Stock Exchange of Singapore on its proposals to raise $207 million from the equity market Page 12 MORE people are putting their money in
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    • 208 1 Swing With A Perfect ZMA The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls and golf cluba That's why Lynx named its newest, hottest model golf club'lo'. These new-design woods and irons were created expressly
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    • 110 1 I 05PALDii\i(i '"•x#" niong pre ane jo» v**» sow H.L YONG CO. PTE. LTD. Ku«H Lumpof ;<[:@!=>!-}!&\(>:++\|"(![\:)~`& .X' P 4f i W m The Leasingham Bin 68 Cabernet Shiraz, winner of many awards including the prestigious 1979 Hobart Gold Medal. Bottled in 1977 from a superb blend of Cabernet Sauvignon
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  • BANKING AND FINANCE
    • 600 2  -  By ALVIN TAY MORE people are putting their money in fixed deposits with commercial hnnk* rather than in savings or current account deposits. This reflects the widening gap in interest rates paid (or fixed and savings deposits. Current account deposits, on the other hand, do
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    • 359 2 KOREA First Finance Ltd (HK) has issued a unique US$2O million negotiable floating rate guaranteed certificates oC deposit in the Asian dollar market. The paper is the first US dollar issue in Asia for the Hongkong-based subsidiary. It is supported by the full and conditional guarantee of
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    • 114 2 THE SEANZA (Southeast Asia, New Zealand, Australia) Council of Central Bank Governors has accepted the invitation of the Mooetary Authority of Singapore to hold its 14th Central Banking course here. The governors also accepted the offer of the Governor of Nepal Rastra to convene the 15th Council
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    • 216 2 I THE Maiayataa latenti ttaMl Shipping Carparattoa (MI8C) has ipptlatei Chartered Merchant Bankers (M) fo arrange n US$19mUBaa 19-year lean. CMB has called on Its panat esmpaay, the Standard Chartered Bank Ltd «I I Mi in, ts lead and manage the straightforward bag term lean
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    • 772 2 Reuter THE YEN could become the world's strongest currency next year as capital flows into Japan. The yen is already on the way up, touching a fivemonth high of almost 223 to the dollar on the world's foreign exchange markets this week from a low of 246
      Reuter  -  772 words
    • MONEY AND EXCHANGES
      • 220 2 SINGAPORE gold futures yesterday closed generally firmer on some local shortcovering in quiet trading, dealers said. Total sales for the day was recorded at 27 lots while kerb volume at 129 lots with interest matniy centred on December and February contracts, they said. Prompt closed firmer at USS4G3.OO/404.50 an
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      • 31 2 New York 8.Z1B 8 .SB US US Zurich I.1SB 8.11B tjBS 8.ns VM SiiunoarF S.13B (JOB 8.J06 8JS5 Qcning prtoa* in US doUan troy ounc* Source: Credit Suisse, S'pore.
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      • 61 2 THE dollar In London yesterday was mixed in quiet early trading after retreating from the highs reached in New York on Thursday night, dealers said. Opening quotes yesterday: US ***** 90 Can 2.2590/2615 Crosi -1.1843/46 D Mk 4 2840/80 OR-4.6840 6900 S Fr 3 4230 85 B FY con
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 23 to Nov 27: Offered: $150,000,000 Applied far: 1431,350,000. Allotted: $150,000,000. Accepted bids: $98.67 approximately 44 per cent and higher bids in full. Average rate af dlscaaat •a allotment: 5.285 per per annum.
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      • 476 2 THE LOCAL foreign exchange market was steady and quiet yesterday. Trading in most of the currencies was thin except for the Japanese yen. The American dollar maintained its strength against most major currencies except for the yen. The US dollar opened at 2.0470/80 against the Singapore dollar. It
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      • 173 2 THE US dollar in Hongkong yesterday continued its early losses against most major currencies in late foreign exchanges, dealers said. Dollar-yen deals were the main feature with the yen rising sharply in the afternoon. The yen ruled at a late 219.45/60 to the dollar against an early 220.85/ 221.00
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      • 22 2 THE >T«rt|e rate at which major Singapore banks are currently prepared to lend to their beet customer! is 14.0 per cent
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      • 169 2 ASIAN RATES ASIAN currency deposit 7Interbank rates as at close on Nor 20. arr 7 days 12* 1M 1 month 1211/19 129/16 > 2 months 12* 12* Smooths 12 H 12* 6 months 12* 13 9 montlu 13H 12* 12 months is* 12* B»M _D—. till 9* 10* 911/19 10*
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      • 51 2 RANGE <f prices ofkrcd by dis- ««r count bousM cm No* 30: Ovwulfht: J* lo 5V,* *C CaB deports: K to 6% d«k W* Mh| J-month Treasury bill* 67/16 5 5/16 3-month Bank bills 10 9% 3 montiu CD 9* 0* 6 months CD 10H 10* Source: National Discount
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      • 133 2 THE US dollar for overnight delivery in Tokyo yesterday 2 closed weaker at 219.30 yen after a 221.00 opening, deal- I ers said. This was down on its 221.06/25 finish in New York I and 220.95/221.00 on the US West Coast overnight, and also the below 220.45 close in
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  • Page 2 Advertisements

  • TRADE AND INDUSTRY
    • 429 3 MANY small Japanese companies are expected to set up subsidiaries in Southeast Asia, Taiwan, Hongkong and South Korea in the next 10 years. At least 800 companies, for example, have indicated that they foresee eventual overseas expansion. Citing a Japan Small Business Corporation survey, Focus Japan,
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    • 185 3 APOLLO Sentosa has resumed normal business. The hotel earlier had to turn away reservations for about a week because of an island-wide power failure on Sentosa. The failure, which started on Nov 5, was caused by a cable damaged by a dredger's anchor. A temporary cable
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    • 339 3  -  By WONG AI KWEI THE SKILLS Development Fund Council has set up two committees to beef up its technical and evaluation expertise. The first is a committee for the manufacturing sector, chaired by an SDF council member, Mr M Nagata. The other is for the service
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    • 86 3 A LOCAL company which foresees increased demand for sinks in Singapore and Malaysia will be bringing in plastic sinks (afeave) next month. Hup Cbeong will import plastic sinks from a West German manufacturer, Resopal Werk. It will be responsible for marketing them in Singapore and Malaysia. Sinks
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    • 194 3 ALTHOUGH there is sound proof that smoking is one of the greatest health hazards of modern times, many countries, including Singpore, are still facing the problem of increasing smokers. This was disclosed by Mr Wan Hussin Zoohri, Parliamentary Secretary (Health and Culture), yesterday at the opening
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    • 229 3 THE USE of computers has gone beyond commerce and industry into schools and universities as an aid to teaching. Before the advent of the microcomputer, the high costs involved in using mainframes and minicomputers prevented the more widespread use of computeraided instruction. But microcomputers have
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    • 59 3 MR WALTER AIGNER, an expert in increasing productivity, has opened a Singapore office of Cyberint Management Service, an Australian consulting firm of which he is regional director for South-east Asia. The range of training and consulting services offered by Cyberint will be outlined by Mr Algner at a
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    • 1517 3 OUT of 10 sponsored awards offered by various commercial organisations to the 1961 Creative Circle Awards held last week, two entries received highly commended certificates while one, the Best Corporate Identity Scheme trophy sponsored by Business Times, was withdrawn because the judges felt the entries were not
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    • 473 3  -  By BERNADETTE CHOOI PRIVATE companies can do much more to help students gain exposure to the business world. Urging companies to open their doors to students during the university vacation, Professor Huang Hsing Hua, deputy vice-chancellor of the National University of Singapore, said: "Companies should
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    • 583 3 AUSTRALIAN bedding manufacturers are making a big effort to capture a share of the local market, particularly in the hotel industry. Two Australian producers, Sleep maker and Cable Makers Australia (ure thane foam division), took part in Hotelex *81 last week and reported "good visitor response". For Sleepmaker,
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    • 166 3 AN INDONESIAN hotel chain has set up a representative office here in an- ticipation of increased visi- tors from Singapore to Indonesia. The representative office. Sahid Group Hotels, will facilitate travel'! arrangements for local via}-»" tors to five hotels in Indonesia owned by the group.
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  • Page 3 Advertisements
    • 154 3 NOTICES SINGAPORE TEA AUCTIONS Notice a hereby given that the First Menu foul Tea Auction wfl be held en Wednesday 2nd December 19*1 at 10.00 a.m. at tarenf Team Hal. Any Tea Buyers interested in partidpatinc at the Auctions should contact the Brokers, whose names and addresses are (won below,
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    • 96 3 It's gift ideas galore at the Escoffier Christmas Gift Exhibition The Ballroom, Marco Polo Hotel. Fri 20—Sun 22 November. 10am 9pm. Over 700 tastefully created hampers from sale! Grand Lucky Draw with 3 hampers totalling $1,100 in value to be won! fi The choicest wines and wine accessories have been
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  • OVERSEAS
    • 616 4 NYT THE US government, revising a preliminary estimate, has reported that the American economy went up slightly in the summer months. On its face, the Department of Commerce report of a small gain in the gross national product (GNP) for the third quarter appeared to
      NYT  -  616 words
    • 111 4 Reuter REBEL Leftist Tony Benn suffered a major setback in his campaign to commit Britain's Labour Party to radical socialist policies when he failed to win election to the shadow cabinet. Mr Benn was 20th among 43 candidates in a poll for 15
      Reuter  -  111 words
    • 267 4 Reuter ALARMED by widespread destruction of forests, particularly in Asia, experts from about 60 countries are considering how United Nations money should be spent to safeguard world supplies of tropical timber and the export earnings of Third World producers. The government experts, meeting in
      Reuter  -  267 words
    • 295 4 Reuter THE United States has warned that the worldwide system of tariff concessions could start to fall apart if industrialised countries and Third World exporters fail to renew the Multi-Fibre Arrangement (MFA) on textiles. The chief US negotiator at the MFA talks,
      Reuter  -  295 words
    • 523 4 UPI, NYT US STEEL Corporation has jumped into the (ray for Marathon Oil by making a takeover offer for U556.65 billion, blunting a drive by Mobil to acquire the oil company. The acquisition by US Steel would be the second largest in US history,
      UPI,; NYT  -  523 words
    • 321 4 Reuter BUSINESS leaders from more than 70 countries meet in Manila next week to explore the theory that both the developed and developing world would benefit from increased trade and cooperation free from government interference and tariff barriers. The 27th congress of the Paris-based
      Reuter  -  321 words
    • 286 4 Reuter TRADE union leaders have met the West German Cabinet to press (or action on unemployment. At the same time, Bonn's economic advisers are reportedly urging a new state investment plan. Chancellor Helmut Schmidt promised that union demands for an employment strategy
      Reuter  -  286 words
    • Article, Illustration
      440 4 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1500) 45A Feng Mao (1100 after Leipzig) 35/36 Fair Rainbow (2300 after Kota Bakti hauls) 8/9 Koheng (1800 after Rab) 45 Kota Bakti (hauls after Kota Selamat sails) 10/11 Lumut (0600) 23 Niaga XXI (0700 after Cherry Manis) 28 Nissei
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    • 401 4 NYT A MOVE by American businessmen working in China to make bilateral trade easier by setting up an American Chamber of Commerce in Beijing has met with apprehension and is being evaded by the Chinese government. The chamber, the first in a
      NYT  -  401 words
    • 186 4 Reuter THE SOVIET Union's highest legislative body, the Supreme Soviet, has passed into law an ambitious fiveyear economic plan which Western experts predict will never be fulfilled. At the close of a threeday session on Thursday, delegates voted unanimously for the 1981-1985 plan.
      Reuter  -  186 words
    • 344 5 Reuter AMERICAN Treasury Secretary Donald Regan yesterday said he expects both inflation and interest rites in the US to come down next year. This year's inflation in the US will be between 9 and 10 per cent and much lower in 1982,
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    • 219 5 Reuter DEVELOPMENT aid from the world's leading noncommunist governments will probably rise about 3 per cent a year for the next four years despite the economic recession. John "Lewis, chairman of the Development Assistance Committee at the Organisation for Economic Cooperation and
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    • 406 5 Reuter THE US government has begun a diplomatic offensive to back President Reagan's claim that the Soviet Union has a six-to-one edge in medium-range nuclear forces in Europe. Reagan made the claim in a speech last Wednesday when he called for the Soviet
      Reuter  -  406 words
    • 289 5 Reuter SOLIDARITY leader Lech Walesa has sent an appeal to Western trade unions for food aid, saying there could be serious trouble in Poland if the food situation does not improve in the coming months. Walesa said: "We turn to you, the working people
      Reuter  -  289 words
    • 661 5 ARRIVALS Service Local Operator Number Time From P4A PA0C5 0115 NYC/SPO/HKG CAL CI333 0150 TPE/HKG Cafgolin MAS CV796 MH601 0345 0630 LUX/DXB KUL SIA SQ101 0815 KUL MAS MH811 0815 PEN MAS MH671 0645 KUL MAS MH680 0940 BKI/MYY/KCH SIA SQ201 1000 HLP Sff MH651 1000 PEN/KUL
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    • 410 5 NYT, Reuter SUADI ARABIA has denied speculative reports it was planning to establish diplomatic relations with either the Soviet Union or China. A senior member of the Saudi royal family, Prince Salman ben Abdel Aziz, said his government was not considering
      NYT,; Reuter  -  410 words
    • 173 5 Reuter CHINA is building its first power station to be paid (or partly with capital raised by issuing a form of shares. The New China News Agency said shareholders would recover their money four or five years after completion. But instead of regularstyle dividends,
      Reuter  -  173 words
    • 232 5 Reuter INDUSTRY ssarees say thai abeve-everage prices far faalty era*» are still edglag Uwu three weeks alter Opee set a ÜBfK eeUtag far a padea, aad they may farther. Algeria aad Libya set priees M eeats belew the aew eetttag at SS7.M hat
      Reuter  -  232 words
    • 531 5 UPI LIBYA'S economy, hard hit by oil revenues dwindling to 40 per cent of normal, is heading for serious difficulties that could spell trouble for Colonel Gaddafi himself. "There are no prospects of the oil situation improving in the next six months," said a Tripoli-based
      UPI  -  531 words
    • WORLD IN BRIEF
      • 378 5 CHINA has signed contracts worth US»6 million for the export of rare earth this year, (our times more than in 19». the official New China News Agency said, adding that the biggest item was rare earth chlorides. On Monday, the agency said China had 36 million
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    • 138 5 AFP A LARGE quantity of Indonesian coffee exported to the United States has been bekl up for checking by the 1 Food and Drag Administration (FDA), causing lanes to Indonesian coffee exporters. A spokesman of the Indonesian Coffee Exporters Association said a total of 4422 tonnes
      AFP  -  138 words
  • Page 4 Advertisements
    • 161 4 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 resourcefulness under the most trying conditions. Lu Feng (also knows as Tang Xiaofeng) is noted for this bold, unconstrained style. His
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  • Page 5 Advertisements
    • 177 5 At last— scratch-resistant plastic lenses 4 r- T*v u m A 1a w V-» -v. New Permalite lenses from American Optical are made of plastic which has been toughened on both sides. So they are doubly scratch-resistant and much less worry to clean. They have also been through 23 reformulations
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  • 376 6 THAT WREATH of smoke that curls op MBingly innocently and lazily from the tip a burning cigarette may be romantic aad nothing to some but it is highly irritatiag aad offensive to others. Yet, the battleUat hat never been drawn over the question of Making. The
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  • 268 6 BANKS IN Singapore have been predictably at variance in how they should engineer the switching of chequebooks to the computer readable sort that will be required for speedy clearing under the proposed Automated Cheque Clearing System. It is not our role to assess the system adopted
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  • 717 6  -  By CHARLES HANLEY AP IN LESS than a decade since moving South, a dozen huge Canadian development companies have mobilised billions of dollars, a lot of daring and a knack for the spectacular to help change the face of US cities. The real estate giants are
    AP  -  717 words
  • 595 6  -  By KEITH STAFFORD Reuter THE JAPANESE car industry, armed with the country's latest advances in electronic technology, is developing a new range of cars which can be driven by physically handicapped people. Some of the new vehicles unveiled recently at the Tokyo Motor Show,
    Reuter  -  595 words
  • 829 6  -  The Hongkong government has invited tenders for the world's most expensive real estate a plot next to the prestigious Connaught Centre. The successful bidder must build new bus depots on the ground floor with shops and offices above. The result is likely to be one
    Reuter  -  829 words
  • 467 6  -  By MARSHALL SCHUON AMERICA'S hunger for small cars may be abating, according to a study showing a far greater preference for large and midsiz# models than was evident a year ago. The survey, conducted for the New York Times by Market Opinion Research of Detroit,
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  • Page 6 Miscellaneous
    • 642 6 I CRYPTIC PUZZLE ACROSS 4 Such humour may be hearty (4) 7 Where to buy chess piece*, and heck? (8) 8 Money. (Say about half a dollar) (6) 10 Slopes far prams* (5) 13 Happen to turn up (4) 14 The sort to make an impression? (4) 15 Not the
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    • 598 6 For fans of Elvis Presley Efyptlaa THE PLOT mmj a*t be la KMgriliia 1 Bmlw Egyptian maeh bat the altera.— Ctttaeaa' Week, SBC will a4rwtar«a a matlaee aiay be warth taleeaat tbe lltb Aaaaal wttbeat the i watebtag If the late Eh* Sealer Otyauie* held ea the fertaae that Pra-toytaaMafyaarf**.-
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  • 1425 7  -  FROM ROMANTIC ERA TO RICH MODERN SETTING HOTEL INDUSTRY. Hugo's of the Hyatt Regency was once a restaurant with an atmosphere dating back to the days of the hunt. Recently, it completed a man-directed metamorphosis and the end result is a French restaurant, TSANG SAU YIN reports.
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  • 785 7  -  FORUM with RUSSELL BAKER NYT NOT TOO long ago most American daughters Still had fathers. While those fathers, I dare say, loved their daughters dearly, they resented having to support them for life. This was generally thought to be duty for a man closer to a daughter's
    NYT  -  785 words
  • Page 7 Advertisements
    • 211 7 I The 16 days that shook the world. Now see the War hi pictures and read the captivating account of Hf i f tV -> between February 17,1979 and Man 5, 1979 a very short span of time ond a very limited war However, the repercussions and significance miare indeed
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 244 8 NOV 18 m COKBKILLE Air-Liquid* B 8 N Ocraii 442J0 15 i*nont ion -14 C S T (ThomsonCle kincaue d** Petrol** Cotnpa«nJe MO 00JO -La -0J Compacnle Q* nermic Credit Ponder De rrmnce Hachetw (Ubralri*).. MarMn— Bull UlclMlln (B) Partba* Pechlnej Clfln* Kuhlotnn Peuieot Philip* (Nt 0*m Print* mpa
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      • 88 8 NOV m FORWARD MARKET Atmr M 44 Artwd Astur ZZZ 330 -0 Brueaa aaa r0 Bru-Lunb V78 -4 Ctnut 13M 44 Cock 115 •1 D* B>«n 274 .1 Tim 1404 2 Bactrotel MO unch Ob-Inno-Bm 1115 uncti nmm 1330 Hobo* 2150 unrh Prtro 4150 -40 Rjl Dutch UN 10
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      • 174 8 MOV Dm Aac-Tclafunkcn QJt +#.7 Atao f nft A1U Ltban inn 10 Alls Vm |UW Bay H T Wbank Vbanfc BBC RWW Cammllm Cham V#r» Comtnarvbank Conti Otiool Daimlar-Banj Defvun Otm»| Oautache Bank Draadnar Bank Dt Texaco Djrckarhon ST A Enka Olann Oaiaanbart OHH HaOM-Uoyd Harpcncr Hoaerut Hoaacti Hortan
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      • 126 8 i F rrn > Br. MB is r C TO 10 cu» o Credit CTMUt Ooktra «tu fU| Ml S Br »«o js Ro« TO J Br 21(0 +«0 Ocorfc Plachcr Br 4K unci OIoOuj ft JBB unci HOTO Br BOOB B Hortnu Lb rocim i/m. oro -as HaUtrtuk
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      • 167 8 NOV I* FU abn 3MJ0 unch Abokl MJO -0J Akso 2100 -0J AMXV 90 JO 0J Amfu 78J0 -2J Amrobnk mjo unch PiUOM Ba™ 17.00 mjo -S -0.1 Bnlf 97 J0 +0J BorausUJ 100 JO 0J Burhm&nn 3000 0J Ottaad 3SJ0 -0J Calva Dalit HM -1 o«ii MIJ «J0
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      • 88 8 MOV 19 Ltr» Afi*c auflf) Ajaoc Oen I4M TWO BMlef) m Cm trait «090 JBO PW 1« rinrtdar a unci» On lBinoe I1B on Pn S3» i« Itoievmanu M«0 +M0 Itolfu TJ5 -6 ItotaMar *u»p MaffBrti M Pf m MmnUl be ns MMUob irnoo »00 XlraluB lfl« -IS Moftoatfort
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      • 169 8 NOV 19 a AhltIM 21 AlCV) V* AJaoM 4IH H Bank Mont SB Bank Hot* ScoUt R»U T.I *7* It* -H Brth Corp BP Can Ltd 31* iL* Can Imp Bl *4 CtAptc In? Pf JT% Cmrllnc Onaliifo Cooi BAUI 90* If* 1* 4<| r T ■iiwufl m—w Dom
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      • 210 8 NOV 1* ftand INDUSTRIALS A AIDHa tm Atercoo AX And CI lis Ullftl A MIT 400 Birtowi a.*** on uneb m unch cum* nnun S 10 4 mo *tm *8 unch Dt Bmti ind Bdcon Wf" rm—iy r*d vou a «0* aoe ru«K at onch Ovdlan nuoin] Onumn 1M
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  • Page 8 Advertisements
    • 236 8 The American Express Card serves you well, wherever good food is served". csyj 111 CI Snacks for your island treks I Cakes m •«Is^ K. liT a r s 4 Take your pick: Curry Puff Chicken Pic Gateau Cake Hbt Dog Hamburger Sandwiches Roast Beef k Bun Pack Lunch Open:
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    • 133 8 £1 For sushi. For teppanyaki. For other authentically Japanese delights. I i>r r( s t t/'i >';s (\i!' J k(g «-iiliir\ Ii i-k *"^11« -I n< >i i *""»i i iyj i| >«»i V .1 V m NUTMEGS Hyatt Reg€ncyo9ngapore Carrie Model Agency Wngiovou TUESDAY FASHION EXCUISIViS Showtime: l 2
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    • 158 8 See Page 9 for NYSE prices and Page 11 for Asian stocks 11\ I V KIsIV 1 K I IVh Hi' V* H I ti\ .I\ to !> Tlltin i.liui-, Ik\ k 1 M'_! v flu-f' HVr »ur flu ii\ vMiniu ::t- Ki -?.iu: .•:it. Ri'Lix :n mnm.i'c -iirr« <unJ:n>.>
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    • 173 8 When you dine, dine Cantonese. a A m a> o o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is
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    • 44 8 list& restaurant lcpsenfs Tuesday Night Fashion Show 8 00 p m P I' P "l.'s-l 4 G4f P 9C v F 1.-,. Eastern Aj«nct«i Pte Ltd A A'f-id' I'd R. -i i S s r Arts Pt» Ltd No Extra Charge Free 1982 Calendars
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  • RAW MATERIALS
    • 177 9 CHINESE Ptwlne Exefcaage, Stogapare, mm eMag price* per MS kg yesterday. Caeeaat all: Bulk fob $108.00 sellers, old drum (in second hand drum) fob $122.00 sellers, new drum fob $126.00 sellers. Capra: Mixed (loose) $59.50 buyers. Pepper: Muntok white pepper fob Asta NLW $377.50 sellers, Sarawak white pepper
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    • 139 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettoa yara: China Blue Phoenix 20s 2,570; 32s 3,180, 40s 3,340 (per bale of 400 lbs). Paktotaa raw eettea: LSS 5.98, 4F 5.95; 289F 6.05; NT roller ginned 6.00 (per lb). CLOTH in
      139 words
    • 319 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.33, 100 per cent second class 1.13, 100 per cent third class 1.06, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.73, Special
      319 words
    • 60 9 THE STRAITS tin price In Peiug yesterday held steady at M 535.73 a Idle, still within the ITC upper sector range of $34.18 aid $37.81. The market nw Influential buyers supporting at this level with light overseas and lecal interest to follow London's trend. Turnover fell slightly to
      60 words
    • 32 9 Rubber: Nov 20 Singapore: Dec: 190.00 cents (up 0.50 cent) Malaysia: Dec: 220.00 cents (down 1.00 cent) Tin: M 535.73 per kilo (unchanged) Official offering: 211 tonnes (down three tonnes)
      32 words
    • 153 9 THE Pepper Marketing Board plans to open up a branch office in Singapore to help enlarge its market for the product overseas. Deputy Primary Industries Minister Mr Bujang Haji Ulis said that the office would manage exports of white and black pepper from Malaysia through
      153 words
    • 828 9 COFFEE: Robusta coffee futures yesterday were just below morning highs at the end of the opening call with net losses of £1 to £4 a tonne compared with expectations early yesterday of opening losses of around £15. Commission house buying absorbed hedging and local trade selling until the
      828 words
    • 117 9 THE Kuala Lumpur palm oil market yesterday closed higher on weekend covering in quiet trading, dealers said. In November, central was traded at MJ9OS a tonne and December, $12 to $907 and central $5 to $897.50 while in January, central was traded up to $892.50. The refined market
      117 words
    • 24 9 US exporters said South j Korea has tendered for I 80,000 tonnes of sorghum for shipment between December and February. J
      24 words
    • 249 9 RUBBER prices in Singapore yesterday closed slightly higher with December One RSS buyers quoted at 190.00 cents per kilo, up half a cent from Thursday's close, dealers said. Morning prices were marked up slightly on covering interest after a marginally higher opening. Afternoon prices were slightly easier but recovered
      249 words
    • 337 9 RAS prices In cents per kilo yesterday: J Moon Close (per Ulo) (per kilo) Buyers Sellers Buyers Sellers int. 1 R.S.S prompt f.o.b 177.00 178.00N 176.30 177.50N Int. 1 R.S.S. December 190.50 ***** 190 00 190 JO Int 1 R.S.S January 190.SO 300.50 199 00 198.50 Int. 2
      337 words
    • 106 9 NOON S8R tod SMR phem Y*mterdar EA8 SSR 30 SSR 90 MRELB SMR CV SMRL SMR SMR GP SMR 10 SMR 20 SMR SO (l-loa pall* (l-loa palkt (l-loa pallM H um pallet (l-loa pallet (l-loa pallet (l-loa pallet (l ion pallet (l-loa pallet OtMakw (Carnal MU)
      106 words
    • 947 9 US STEEL'S surprise bid for l Marathon Oil was a boon for the energy stocks but the rest of the New York market on Thursday continued to languish and ended the day with a narrow gain. The Dow Jones industrial average was down as much as Ave
      947 words
    • 332 9 THE Singapore and Malaysian markets consolidated this week after their recent decline, moving within a range of five cents to finish slightly better on balance. fetter, Bmtk mad fempaay says in its review of the week ended Nov 19 that the movement was assisted by
      332 words
    • 104 9 WHEAT futures in Chicago on Thursday closed with clipped losses, down 2V 4 to US cent a bushel. Improved volume was seen on the day. A leading exporter bought 4.0 million December, a prominent local purchased 4.0 million March, and the Large Professional House bought 2.5 million March and
      104 words
    • 121 9 SOYBEAN futures in Chicago on Thursday rallied late to close on top of a IVi US cent range, up six to three cents a bushel. Traders called the late advance a technical, shortcovering rally. They noted the market's inability to break out of Wednesday's trading range on either side,
      121 words
    • 384 9 NATURAL rubber producing countries have once again proposed for an upward revision in the International Natural Rubber Agreement (Inra) buffer stock price range on Thursday. There were no indications of the quantum of increase that the producers were seeking or the outcome of discussons
      384 words
    • 430 9 AP INTERNATIONAL cocoa talks aimed at finding supplementary finance to underpin world cocoa prices headed towards a compromise solution on Thursday. The International Cocoa Organisation's 40-nation ruling council was considering a compromise proposed by ICCO executive director Kwesi Hackman of Ghana aimed at giving the sagging USJ3
      AP  -  430 words
  • Page 9 Advertisements
    • 204 9 The oil industry is the world's largest commercial enterprise. Its extent is global, affecting every country. International issues from Iran to SinoSoviet relations are influenced by considerations of oil production and consumption whilst the international communications network of the larger oil companies rivals that of the majority of nations. In
      204 words

  • 1624 10 BID and offer prices officially listed and business in and repotted to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Acma (2.848
    1,624 words
  • 190 10 nwAnuumrm (Mifritm §m ttm The Commerce J 13 The Savtafs Fund I D S pore Prog Fund 147 S pore Sec Fund 2.01 S pore Invest Fund I E S pore Equity Fund 144 WT 3 29 148 1.44 2.17 14* 141 ama urn teubt (Mingm' pnem tm
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  • 2885 10 1M1 High Low Coapuy Last Sale +orGr'. Div Div Cvr Gr*s Net Y'ld P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 248 Aetna 115 115 Alcom 350 130 Allied Choc 312 150 BAT 420 308 BaU 200 75 Ben 470 380 Berjaya Kawat 532*
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  • 1708 10 ii BID and offer prices officially 03 listed and business in and re27 ported to the Kuala Lumpur u Stock Exchange yesterday, B with the number of shares traded shown in brackets in lots of 1.000 units, unless otherK wise specified INDtmUli Akmm (IBS) (17) 1.44 (3)
    1,708 words
  • 163 10 THE Ink SMtao Batter Company Brtii; Sixty-ni-neth AGM to be held at No. SO, Jalan Ampang, Kuala Lumpur on Nov 24 at noon. S ELAN GOB CtmmmU Berkad: Sixty-sixth AGM to be held at No. 51, Jalan Ampang, Kuala Lumpur on Nov 24 at 11 am. BOLTON Properties
    163 words
  • 782 10 UNCERTAINTY crept Ist» I) the Bt»ek Exehaage «I Slagapere yesterday »s If 4 eaaed thr»agh»at the day. Tradtag was agala esa--0 eeatrated aalaly la the leaer priced shares. Opealag prices were geaerally hetow «veralght levels attkHgh a few esaa«ers started better. Valame traded was alas
    782 words
  • 627 10 SHARE prices closed lower on the Kuala Lumpur Stock Exchange yesterday as a gradual withdrawal of interest was observed, especially in the afternoon. Total turnover also narrowed down in line with the easier conditions. Prices opened slightly higher in selected counters with a few deals
    627 words

  • COMPANY NEWS
    • 436 11 SYARIKAT Malaysia Textile Industries (SMTI), which recently diversified into property development in a big way, is not leaving aside its interest in the traditional textile manufacturing activities. This assurance was given to shareholders by chairman Tan Sri Kamarul Ariffin in his latest
      436 words
    • 53 11 TOIYU Urni CiffimtlMi'i US$15 million 5V« per cent convertible bonds due 1996 will be listed and quoted with effect from 10am, Monday, Nov 23. Trading in the bonds will be on a "ready" basis. ALCOM has confirmed there will be no further interim dividend for the finanHaT year
      53 words
    • 448 11 AMERICAN Motors Corporation (AMC) is making moves to increase its currently meagre share of the Malaysian market for fourwheel drive all-purpose vehicles, popularly known as Jeeps. Its decision is no doubt a "heroic" one, given the fact that it is up against such
      448 words
    • 1245 11  -  Market Talk... By HSUNG BEE HWA WITH the Straits Timet Industrial index now above the 700-point mark, stockbroking firm, Oag Mad Company is optimistic the worse is over for the stock market. But it does not anticipate an unchecked advance. It agrees with
      1,245 words
    • 485 11 AYER Hitam Tin has disclosed it has applied to the authorities for a renewal of the leases for the bulk of its mining land which are due to expire in 1983. Of the 592 hectares it holds, rights to leases for 450 hectares
      485 words
    • In Hongkong...
      • 96 11 announced it plans to raise about HK$ll6 million through a 20-for-one rights issue of new 15 cent nominal shares, priced at 15 cents each and payable in full on acceptance. The issue involves 788,550,000 shares. Interstock and Shares Investment Ltd has undertaken to subscribe, or
        96 words
      • 92 11 has announced a net profit attributable to shareholders of $22.09 million in the six months ended Sep 30 ($13.69 million). Earnings per share works out to $1.05 (65 cents) after adjusting for the one-for-10 bonus issue in August 1961. An interim dividend of 24 cents (20
        92 words
      • 19 11 announced that from Nov 24 the company's will be changed to Stehix Holdings Ltd. Reuter
        19 words
  • ASIAN STOCKS
    • 318 11 SHARE prices in Tokyo yesterday closed slightly lower with export-orientated issues and blue chips down on concern over the yen's appreciation against the US dollar and Japan's foreign trade disputes, dealers said. The market average shed 7.83 to close at 7,647.43 on a moderate turnover of 360
      318 words
    • 50 11 FINANCIAL TIME8 INDUSTRIALS Thursday B11.7 Wednesday 503.5 Week Ago 518-2 DOW JONK8 AVERAGE INDUSTRIALS Thursday 844.75 Wednesday 844.08 Week Ago 800.54 HJLHANG SENG Friday 1401.75 Thursday 1385.36 Week Afo... 1433.82 AUSTRALIAN INDUSTRIALS Friday 713.1 Thursday 711.8 Week Ago 708.2 ALL ORDINARIE8 Friday 559.5 Thursday 581.4 Week Ago 570.4
      50 words
    • 117 11 PRICES in Manila yesterday firmed across the board with mining closing higher along with commer- cial/industrial and oils but turnover fell to 364,000 pesos from Thursday's 612,000 pesos, dealers said. NOV JD AMI* Mining AUm Con. A Atlas Con. B. B«do OoM Bmcuot Con. B BP Goodrich PMM uneh
      117 words
    • 240 11 HONGKONG STOCKS in Hongkong yesterday finished higher on pared gains after a round of local liquidation near the close, brokers said. Share prices rose to their highs at mid-day on rumours of a possible interest cut by the Hongkong R»"Hng Association yesterday afternoon but profit-taking later set
      240 words
    • 269 11 SEVERAL major mineral and oil issues in Sydney yesterday fell to their lowest levels of the year as the stock market eased in light trading dealers said. However, a modest rise in industrial issues cushioned the impact of the decline in the resources sector. The All-Ordinaries
      269 words
    • 65 11 nov a A* rum BahU InlmUMtl CoaMUct International Trust And ru Bangkok Bank Of Ayudhafm MM St -4-5 uneh Rama Towar Saha Union Slam Camant CUB 144 IS6 13 1 1 Bafll Juckcr Charoonf Thai Wlr* 1M 1 -a Slam City South Ada Plbn TO 50 Oi rtm Tnut
      65 words
  • Page 11 Advertisements
    • 355 11 Asia, at your finger tips... Other than speed reading, there is another way you can 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
      355 words

  • 357 12 DBS Land, the property arm of Development Bank of Singapore, has acquired its first industrial company. Yesterday it was announced that DBS Land had executed a sale and purchase agreement with Temasek Holdings to buy 8.6 million ordinary shares of $1 each and 300,000 7'/i
    357 words
  • Chief Price Changes
    • 152 12 Rites PvbUe Taxtila Imo 8MN Lm» SfaHMC Ckmm P«bUe B*mk C K Tu| run Ipofc Onto IP Taxtila Vu Oar Horst SMb Olpjtrd F B L*rtac»U» C PlMtrtlM Ul4 PluUtioH 180 600 866 180 746 800 310 M4 218 374 mo are 845 808 404 22 20 15 14
      152 words
    • Article, Illustration
      77 12 Y 1* rr t Indices Nov 19 Nov 20 BT Index: *****0 *****6 Industrials: 906.51 900.83 Finance: 1404.10 1397.55 Hotels: 507.96 507.36 Properties: 836.6* 836.« Tins: 373.83 369.75 (robbers: 1196.79 1197.98 Most Active Ipota Gdns 689,000 Supreme Corp M Resouce 355,000 255,000 S Darby 240,000 Total turnover: 4.87m
      77 words
  • 233 12 A NEW Zealander has acquired a substantial share In a brewery group in which the OCBC stable of companies holds a minority share. Auckland businessman Douglas Myers recently made a mini dawn raid and snapped up within two days a 19.9 per cent
    233 words
  • 598 12 JOHAN Holdings is lining up financing for its general bid for George Kent, the manufacturing company in which it recently bought a controlling interest. Johan is a small ex-tin mining company hoping to revitalise its earnings through an extensive restructuring. Its financial adviser, Rakyat First Merchant Bankers,
    598 words
  • 870 12 LONDON, Fri. Share prices were slightly higher in quiet trading, dealers said. Early features were Thomas Ward, up 48p at 192p, and Tunnel Holdings, up 53p at 513p, amid speculation of a market raid from RTZ. British Aerospace also featured with a 14p gain at 208p after yesterday's
    870 words
  • 44 12 AP NEW YORK, Fri. Share prices advanced slightly this morning on carried-over buying interest. The Dow Jones average of 30 industrials rose 0.95 points to 845.70 in the first half hour. Gainers took a 4-to-3 lead over losers among NYSE-listed issues. AP
    AP  -  44 words
  • 293 12 MMB Compa^^ditor^an^^ianl METRO Holdings, a lead- ing retail group in Singa|t P°re, is expected to fare better in the current finan- cial year, judging from its j results at half-time. The group achieved a s 42.9 per cent improvement e in pre-tax earnings to $6,731 million for
    293 words
  • 37 12 MERCHANT Bank Morgan Grenfell (Asia) has promoted three of its assistant managers to managers. They are Mr David Ding, Mr Vincent Yeo and Miss Ho Puay Lan. The company is headed by chairman MrCFM Rawlinson.
    37 words
  • 496 12  -  By SIOW LI SEN SINGAPORE Land has received a host of queries from the Stock Exchange of Singapore on its proposals to raise $207 million from the equity market. The SES has asked the 'property group to furnish details of its proposed new issue of
    496 words
  • 383 12  -  By HSUNG BEE HWA UNITED Industrial Corporation, the Singapore based chemicals and detergent group, has realised $15,804 million from the mi» of part of UIC Building in Shenton Way. This was confirmed by a spokesman of the company yesterday. But apart from the extraordinary gain,
    383 words
  • 313 12 CONTRARY to earlier expectations, San Holdings Bhd will not be able to enjoy the profits of Chin Development for the financial year ending March I 1982. In a reply to the Kuala Lumpur Stock Exchange, San said that its acquisition of Chin Development will only be
    313 words
  • Page 12 Advertisements
    • 175 12 A unique international survey of modern photography from The Hamlyn Publishing Group At 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 articles
      175 words
  • Page 12 Miscellaneous
    • 56 12 OUTLOOK for Singapore from 6am to Ipm today: Mainly fair. Pri*r U 7J»pm m Nov 21 at the airport: Maximum temperature 31 5 Associated humidity 66 Minimum temperature 23 7 Associated humidity 95 Hours of sunshine g 10 Rainfall in millimetres 0 2 Total rainfall for the month 54 4
      56 words

  • LEISURE TIMES
    • 1329 13  -  PATRICIA GOH has had an enjoyable history lesson L on Chinatown. "See old Chinatown before it disappears", they all "See it wfth Kim Guan", adds Patricia. PATRICIA GOH SO MUCH has been shown and said recently about Singapore's Chinatown. Aside from the perpetual official justifications sent out
      1,329 words
    • 822 13  -  FILM REVIEW popeye's arms are just as oversized, Olive's legs f\ 9 are still pathetically skinny, Bluto is still very, very mean and Swee'pea > never seems to grow out of his babbling. Walt Disney r must be complimented for not only preserving the
      822 words
    • 508 13  -  By LILLIAN CHEW THE MUSIC of Sergio Mendes and Br&sil 88 puts one in the mood for love. And they certainly did that last Friday. What's more, they left behind an audience totally besotted with them. But how could they go wrong? The setting
      508 words
    • 635 14  - WALK AND TALK By CHARMAINE CHAN DESK-BOUND executives and others suffer from the same malady spending most if not all of their working lives seated behind desks. These are the people who are encouraged to participate in the National Walk on Nov 29. Desmond Oon, Singapore Sports Council's Assistant Director
      635 words
    • 886 14  -  mm By RONALD KOW ABOUT two weeks ago, the Football Association of Malaysia announced a plan to build up a new national soccer team "with a view to take part in the 1984 Los Angeles Olympic Games". Now, that is planning well ahead (or
      886 words
    • 135 14 THE 1964 summer Olympic games committee in Los Angeles has rejected a US$B.3 million-dollar offer by the European Broadcasting Union for the rights to televise the games in Europe. Peter Weberroth, president of the Los Angeles Olympic organising committee, said that an Italian company, Channel
      135 words
    • 379 14 TODAY GOLF: SICC: The semi-finals of the Vade Cup competition will be held at the Bukit course this afternoon. Vying for a place in the finals are H Imai who meets Richard K H Tan and Gary Ong who competes against S K Hwang. Changi: The 3rd
      379 words
    • 328 14  -  By HYPERION RACING at Bukit Timah this weekend will be even more of a lottery than usual and the difficulty in picking wnners could be confounded if we have yet another heavy fall of rain. Only Class 4 and 5 horses are
      328 words
    • 234 14  -  TARA WALLA hat not won a race since March this year and has run poorly in all his subsequent outings. However I think jockey Bruce Raymond will get the best from the gelding and expect to see him romp home at a very handsome dividend. TARA
      Reuter  -  234 words
    • 249 14 ASIAN unateu totals ftimpiM Kim boon Ho, a South Korean, Is top seed la the Isetaa Opea Onafiirt Teaals TourM—l storflag at toe Magapsre Cricket Oab this afteraooa. Remee Bafaa, the FUiptao »h« waa the Slagapere Opea Hardeaart championship la September, to the seeead seed
      249 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 394 13 WHAT WHERE CONCERTS GEORGE THYMIS is guest conductor of the Singapore -SyuipfcMy Orchestra tonight. Guest soloist will be pianist Martina Maixnerova. Programme includes works by Brahms, Mozart and Mendelssohn. At 8.15pm at the Victoria Concert Hall. THE Vend Reqaiem will be presented at the Victoria Theatre on Nov 26 and
      394 words