The Business Times, 19 December 1981

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, DECEMBER 11, 1181 60 CENTS
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  • 433 1  -  By LEE YOKE MENG THE Central Provident Fund Board will announce on Monday details of the second phase of its private housing loan scheme. This move should help to clear the confusion among bankers and potential applicants before the scheme starts in
    433 words
  • 156 1 THE National Wages Council will continue to recommend a two-tier wage increase guideline, with the first incorporating a range. NWC chairman, Professor Lim Chong Yah, said over SBC last night that a wage range will be recommended for the next two years. The second tier,
    156 words
  • 524 1  -  By SALMA KHALIK SINGAPORE is phasing out workers from noo-traditional sources. With the exception of the construction and the shipbuilding industries, work permits will no longer be renewed. Prime Minister Lee Kuan Yew said yesterday that Singapore will face the same problems as the Europeans
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  • 295 1 UNDETERRED by the continuing political tensions abroad, the Singapore stock market made a strong rebound yesterday when buyers emerged in numbers towards the later part of the afternoon. As a result, the Straits Times Industrial Index rose 9.56 points to 761.56, ending the week on
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  • 118 1 CREDIT rttoallia her* i«««ir M Ik* tvenic |H«* Mk| rato *f 11 Mjw kaake Wt s If ■■aft tow ti UJI par Mat yMter«•jr. Baak «I Taky* kM Mi prim nit ky lal i pate* to IXJ per eeat yeato^ Ebsvsats Iml hr Mm M Mae October
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  • 278 1 PROBLEMS faced in trading with China were brought up by local businessmen at a meeting with a visiting delegation from the Chinese Foreign Trade Ministry yesterday. The main problem faced by Singapore businessmen is the higher prices they have to pay tor CMnsss
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  • BRIEFLY...
    • 80 1 Reuter LONDON, Fri. Reports of violent clashes between workers and security forces in Poland unnerved financial markets today and had a depressing effect on European currencies, particularly the West German mark. Although trading was thin, nervous operators continued to switch funds into the US dollar, putting further pressure
      Reuter  -  80 words
    • 66 1 Reuter WEST GERMANY, Fri. The Polish Navy has sealed off Poland's entire Baltic coast to prevent a possible exodus of refugees since the proclamation of martial law. West German Navy Chief of Staff Vice-Admiral Ansgar Bethge said "we have observed that the sea borders off the Polish
      Reuter  -  66 words
    • 46 1 UPI KUALA LUMPUR, Fri. The Malaysian government of Prime Minister Datuk Seri Dr Mahathir Mohamed is expected to call a general election for the 154-seat Parliament early next year. The election commission is preparing for the polls and has ordered 10,000 ballot boxes. UPI
      UPI  -  46 words
    • 59 1 Reuter MANILA, Fri. A new opposition party has been formed in the Philippines to challenge President Ferdinand Marcos and pre-empt the birth of another group. The Pilipino Democratic Party made its debut with a statement condemning the Marcos administra- tion for violations of human rights and another declaring
      Reuter  -  59 words
    • 100 1 UPI SALISBURY, Fri. A massive explosion ripped through the national headquarters of Prime Minister Robert Mugabe's ruling party today, destroying the top two floors of the five-story building and threatening the collapse of other floors. Police had no immediate reports on casualty figures but a senior fire brigade
      UPI  -  100 words
    • 66 1 UPI LONDON, FYi. A recent poll showed Margaret Thatcher to be the most unpopular Prime Minister since World War n and one in two Britons would now vote for the new middle-of-the-road Alliance Party of Social Democrats and Liberals. The Gallup poll said 50.5 per cent of
      UPI  -  66 words
    • 66 1 UPI BAHRAIN, Fri. Bahrain has withdrawn its ambassador in Iran, accusing the regime of planning a coup attempt to export its Islamic revolution. The Bahrain newspaper Akhbar AJ-Kb&Jeej said Bahrain had also asked Iran to replace its ambassador in Manama, accusing him of having links with 60 detainees
      UPI  -  66 words
  • 246 1 LOCAL stockbrokers and foreign exchange dealers are generally happy that Singapore will advance its clock by half an hour next year when Malaysian Standard Time is introduced. From Jan 1, Peninsular Malaysia will put its clock forward by half an hour
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  • 465 1  -  By KOH TSE YING AYALA International (Holdings) Ltd may soon have to make a takeover bid (or Sealion Hotels Ltd unless it is granted exemption by the Securities Industry Council. The Filipino multinational is about to increase its stake in Sealion from
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  • Page 1 Advertisements
    • 239 1 TT I -Times iITC ;v IIV [EMDaZ NEGOTIATIONS that could result in a change of control at ed Nadefinco Ltd, which holds a substantial stake in publicly-listed TDM Berhad, are believed to be underway Page it THE Malaysian government will table in Parliament next year proposals (or a new insurance
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    • 182 1 Swing With A Perfect 2MM The form and function of many things are often rated on a scale of 1 to 10. This includes Olympic competitive scoring, pretty girls and golf clubs. That's why Lynx named its newest, hottest model golf club '10". These new-design woods and irons were created
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    • 23 1 OSPaldiimQ *or* pro anu got so* H.L YONG CO. PTE LTD. Singapore Kuala Lumpur Panang l«Hler...pßge ■-Ho k FGOMJI MEDAL' f-Qfcf i J*/
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  • BANKING AND FINANCE
    • 556 2  -  By IDRUS ISMAIL THE MALAYSIAN government has decided to table in Parliament next year proposals for a new insurance law, probably during the March session. Meant to improve and update the insurance industry, the bill will amend the present law which has been in existence
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    • 89 2 Reuter POLAND'S Finance Minister informed several Western ambassadors at a meeting in Warsaw that the country was seeking US$36O million in bridging finance from Western banks. Bankers said the actual request to 22 hanks asked (or an effective rollover of $360 million in interest
      Reuter  -  89 words
    • 338 2 Reuter DAI-ICHI Kangyo Bank says it will lower its short term prime lending rate to 6 per cent from 6.75 per cent, to take effect from Dec 21. Two other commercial banks, Yokohama Bank and Yasuda Trust and Banking Co Ltd, also announced a matching 0.75
      Reuter  -  338 words
    • 252 2 MITSUI Bank became the first Japanese bank to take advantage of the Monetary Authority of Singapore's relaxation on the issuance of Singapore dollar floating rate certificates of deposit (FRCDs) by banks here. It has issued a $20 million three-year FRCD. As with the
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    • 428 2 AP BECAUSE of sharp reductions In US contributions, the World Bank will likely suffer a "considerable" shortage in the amount of money it has to make lowcost loans to the world's poorest countries. Mr A Clausen, the president of the bank, called for richer nations
      AP  -  428 words
    • 345 2 Reuter MONETARY policy has continued to be influenced by a range of considerations, sterling M 3 and the other monetary aggregates, the foreign exchange rate, the inflation rate and other developments in the economy affecting them. The Bank of England said in its quarterly bulletin:
      Reuter  -  345 words
    • 604 2  -  iy LEE YOKE MENG ONE DAT in ISB. Mr Robert Abboud and Mr Dick Thomas took off for Frankfurt on a routine assignment. Their task was to see if it was feasible for First Chicago to set up a branch office
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    • MONEY AND EXCHANGES
      • 359 2 THE US dollar closed generally firmer yesterday on the local foreign exchange market against major currencies except sterling, in late thin ingThe dollar finned on some weekend short-cover-ing and continued concern over the political situation in Poland. The Singapore dollar closed easier at 2.0610/20 against the US currency
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      • 166 2 THE US dollar for overnight delivery in Tokyo yesterday closed firmer at 219.90 yen after a 219.10 opening. This was also higher than the 218.70/90 finish both in New York and on the US West Coast overnight, and the 218.65 close in Tokyo on Thursday. Trading was a light
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      • 22 2 THE average rale at which major Singapore banks are carrently prepared to lend to their best customers is 11.98 per cent.
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      • 139 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Dec IK U8 IMUnKSpt) 7(1*7* 12* 12* 1 month 13 5/18 131/16 2 months 13* 13% 3 months 13 11/16 13 8/16 6 months 1411/M141/16 0 months 14* 14*4 12 months 14* 14* Sw-Trs. DM. ULXJU 1 month 3
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      • 6 2 hh Source: National Discount Co
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      • 51 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 21 to Dec 24: Offered: H50.000.000 Applied for: U09.900.000. Allotted: 1150,000,000. Accepted Ms: $99.37 approximately 78 per cent and higher bids in full. Average rate sf dlsceant •a sUetmeat: 2.490 per cent per
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      • 255 2 SINGAPORE gold futures yesterday closed weaker compared with overnight levels after fluctuating marginally throughout in light trading. Total sales for the day was recorded at 87 lots while kerb volume at seven lots with interest centred mainly on February and April contracts. Prompt closed lower at US$4l7/420 an ounce
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      • 32 2 New York UB SJ9B I SOS Zurich S.79B SJBB UK L15S ■U Stagaporc rn tbw 8.75B 1MB 8.MS MBS Ctatagprtt w la US dollars troy ounce Source: Credit Suisse, S'pore.
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      • 175 2 THE US dollar in Hongkong yesterday advanced against most major currencies but (ell against sterling in moderately active late exchanges. The higher closing of the dollar in Tokyo helped support the unit in Hongkong. Short-covering ahead o( the weekend featured late dealings. The US unit rose to 2.2805/25 marks
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      • 73 2 THE dollar and sterling were both firm at a quiet start to trading in London yesterday. The US currency was backed by reports of violent clashes between workers and security forces in Poland and firmer Eurodollar deposit rates. Opening quotes yesterday: US 1.8855/70 Can 2.2364 2415 Cross —1.1885/88 D
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  • Page 2 Advertisements
    • 199 2 Worldwide management experience at your fingertips. /V. Pc jbbsm 2i* \i V _< V j«Sfr~ ✓.S V V *>^+1 Vt <»„ ,4S >,% V V -v. C- *< ".jSi «i ->C> ''■>■ WORLD EXECUTIVE S DIGEST is a compact magazine that offers highly readable condensations of the world's most outstanding
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  • TRADE AND INDUSTRY
    • 411 3 TOP management needs to revise its whole perception of training. It should give training in personnel management the same emphasis as it has for marketing, finance and other technical areas. Making this point yesterday, the Minister for Labour and Communications, Mr Ong Teng Cheong,
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    • 250 3 McCann-Erickson Singapore has acquired the Kentucky Fried Chicken account. This was previously handled from Kuala Lumpur for both Malaysia and Singapore. However, due to the rapid growth of the American fast-food chain here, it was decided to split the account in September this year. This was
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    • 356 3 SINGAPORE workers are as productive as the Americans though their wages are a few times lower than their American counterparts. Discounting the effects of automation and other production-enhancing techniques, Alherican and Asian output-per-worker figures are very similar. This was the view of Mr.
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    • 397 3  -  By GOH ENG KEE GREEK shipping line Hellenic Lines is considering two more container ships from Singapore Shipbuilding and Engineering. This will be in addition to the three ships being built by the Singapore government-owned shipyard at a cost of about 433 million. Its
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    • 498 3 IKE Max Lewis Awards were made yesterday to A 1 Wedeklnd, editor of Advokx, a monthly publication of the advertising community, and Dennis Khoo, manager of Nestle's Products (M) Ltd, Singapore. Mr Wedeklnd, 70, received the Sliver Medal of Merit for his over three decades
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    • 295 3 THE Singapore Anti-Nar-cotics Association (Sana) is reviewing its entire drug preventive education programme to keep pace with the ever changing pattern of the drug scene. For a start, it has revised the training course for volunteer aftercare officers. Sana is also studying the characteristics of firsttime
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    • 236 3 HEWLETT Packard this week donated 150,562 to seven local charitable organisations. The money, donated through the company's Community Activities Committee (CAC), comes from about 65 per cent of the 2,300 employees at Hewlett Packard These employees participate in a voluntary payroll deduction scheme for charities. For
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    • 616 3 SEMINARS AND COUBBEB Dec 2-23: Data Processing and Management Information Systems, Cupoaee Centre, NPB Dec 2-23: Industrial Relations and Collective Agreements, Cuppage Centre NPB Dec 7-23: Building Construction Safety for Supervisors, Cuppage Centre, NPB Dec 28-Jan 20: Financial Planning for Marketing activities, Cuppage Centre, NPB Jan 5-7: Leadership
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  • Page 3 Advertisements
    • 185 3 Leader... page f APPOINTMENT DEVELOPMENT TTJTTHT; Due to continued expansion of business, a major U.S. offshore bank has vacancy for the above position. The successful candidate will be a Singapore citizen and have a university degree. He will have 2 to 4 years experience in a commercial or merchant banking
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    • 179 3 t f. -■v: Jbv-'.- -tv *23Mi V xtraVa&anza The largest exhibition and sale of classical Chinese furniture, arts and crafts. December 18-27,*****0 am to 6pm daily. m V jff. -j »Vr"*■- a» j. If you have always hankered for a piece of Chinese culture, or a magnificent suite of Ming
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  • OVERSEAS
    • 261 4 Reuter MOVEMENT by Japanese companies towards greater reliance on capital issues as a method of corporate finance is unlikely to be rapid. The Bank of RpgUnH said the lessons of the first oil crisis have been well learnt and Japan is likely to see a
      Reuter  -  261 words
    • 272 4 AP THE GOVERNMENT o* Iran filed a lawsuit in New York on Thursday seeking recovery of US$36 billion it charged was diverted from Iran by "family appointees and associates" of the late Shah Mohammed Reza Pahla vi. The suit, filed in
      AP  -  272 words
    • 209 4 AFP OVERALL output of 'the Japanese electronic industry in 1981 is estimated at 10,418 billion yen (U5547.4 billion), topping the 10,000-billion-yen mark for the first time, the Electronic Industries Association said. Compared with last year, the figure represents an increase of 20 per cent.
      AFP  -  209 words
    • 98 4 Reuter PRIVATE shareholders will be offered a 51 per cent stake in Britoil, the oil production company which the government plans to set up as a separate entity from state trading group British National Oil Corporation. Energy Secretary Nigel Lawson said he expects
      Reuter  -  98 words
    • 532 4 Reuter OFFICIALS of the General Agreement on Tariffs and Trade (Gatt) have presented a compromise draft which delegates said could form the basis of a new textile pact between developing and industrialised countries. The document, presented on Thursday by Gatt director-general Arthur Dunkel,
      Reuter  -  532 words
    • 529 4 Agencies JAPANESE goods sbouk) be excluded from selected US markets if Japan insists on keeping some of its markets off limits to US products, Commerce Secretary Malcolm Baldrige said. Mr Baldrige, in an appearance before the Washington Press Club, said he was not making a plea
      Agencies  -  529 words
    • 652 4 STATEMENTS by Malaysian Chinese Association leaders that bumiputras have already achieved the 30 per cent target under the New Economic Policy and that they are in control of several sectors of the economy are dangerous and misleading. This warning came from Malaysian Deputy
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    • 483 4 NYT PRESIDENT Reagan said that he has "no plans for increasing taxes in any way," but a White House spokesman later said that Mr Reagan did not mean to rule out all forms of "revenue enhancement". Mr Reagan's emphatic remark at first appeared
      NYT  -  483 words
    • 424 4 NTT THE Ford Motor Co will begin selling limited numbers of cars fuelled by propane a type of liquefied petroleum gas rather than petrol next year to take advantage of propane's lower cost. Ford's announcement marks the first time that a major car
      NTT  -  424 words
    • 713 4 ARRIVALS Service Local Operator Nubcr Tin Proa PAA PA005 CAL CD33 Caraotux CV796 MAS MHfiOl SIA SQ101 MAS MH8U MAS MH671 RBA BI421 MAS IM680 SIA SQ201 MAS MH651 CAL CB14 CPA CX7I0 GU GA960 SU SQ103 GU GAS30 THAI TG4B3 PAL PR501 SU SQ191 MAS MHSQ
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    • 469 5 Reuter THE UNITED States has joined the 14 other members of the UN Security Council in demanding that Israel must rescind its law annexing the Golan Heights, captured from Syria in the 1967 Arab-Israeli war. But Israel's delegate, Yehuda Blum, immediately announced that his government
      Reuter  -  469 words
    • WORLD IN BRIEF
      • 410 5 Agencies JAPAN'S per capita gross national product in calendar year 1980 was U558,942, putting it 17th among the 24 member nations of the OECD. The Economic Planning Agency said the 1980 per capita GNP was up 3.8 per cent from 38,616 in 1979 when it was
        Agencies  -  410 words
    • Article, Illustration
      526 5 EXPECTED AKUViU TODAY KEPPEL WHARVES Barber Memnoo (1700) 47 Baipao (after Sea Rejoice sails) 15/16 Builder (after Jenson) 22 Equator n (0700) 21 East Kota Jade (0700 after Kota Buana) 10/11 No 6 Donam (AB) (0800) 35/ 36 Kimanis (2359 tide, after Straits Venture) 20 West Lantao
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    • 201 5 Reuter EIGHT more ministers in the Thai government, including Foreign Minister Skidhi SavetsUa, submitted their resignations on Thursday, saying that their action would enable Prime Minister Prem Tlnsulaaonda to form a new coalition cabinet. Deputy Prime Minister Prachuab Suntharangkul and two ministers in the
      Reuter  -  201 words
    • 171 5 Reuter IRAN has told its Japanese partners, the Mitsui group, that It is ready in principle to extend additional funds to continue the troubled Joint petrochemical complex at Bandar Khomeiny. Mr Karoku Yamaguchi, president of Japan's Iran Chemical Development Co, said the proposal was made
      Reuter  -  171 words
    • 167 5 TAN SRI Datuk Jamil Jan, the guiding force behind the Malaysian Industrial Development Authority (Mida) for a decade, will leave the investment agency in January to run the prestigious Heavy Industries Corporation (Hicom) as its executive chairman. The decision that Tan Sri Datuk Jamil should assume
      167 words
    • 228 5 AP FORMER US Defence Secretary Harokl Brown believes that the proposed breakup of American Telephone and Telegraph Co would harm national security and damage America'! ability to Bght a war. Mr Brown, who served in the cabinet of former president Jimmy Carter, was
      AP  -  228 words
    • 72 5 AFP PRESIDENT Francois Mitterrand's popularity rating has kept to a steady 46 per cent of people "satisfied" but the percentage "disss ntisfled" rose by two points to 31 per cent during November and December, according to the daily FtMac^Soir. Meanwhile, Prime Minister Pierre Mauroy's popularity dropped from
      AFP  -  72 words
    • 1134 5 AP POLAND'S martial-law regime (ought demonstrators to Warsaw ou Thursday with clubs and tear gas and the government reported seven p®°pi» killed and more than 400 Injured in battle elsewhere in the country. Rk* police armed with rubber truncheons ««h plastic shields charged repeat«Uy
      AP  -  1,134 words
    • 302 5 AP SALES of American farm commodities to Iran may reach US$3OO million this year, slowly regaining a lucrative market that was interrupted by takeover of the US embassy in Teheran two years ago, an US Department of Agriculture (USDA) expert said on Thursday. Even before Iranian
      AP  -  302 words
  • Page 4 Advertisements
    • 151 4 JfcA You know that he will find it unpalatable and it's not nutritional enough for proper growth. And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than that to widen his knowledge. TIME-LIFE has a series of
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  • Page 5 Advertisements
    • 181 5 A unique international survey of modem photography from The Hamlyn 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
      181 words

  • 375 6 THE DECISION has been made. Our clocks are to be put half an hour ahead in keeping with our Malaysian friends. Except for that fateful night when the hands of the clock are advanced from 11.90 to 12, there will be little effect on the life
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  • 309 6 v ALMOST EVERYBODY who is economically active has not only heard of the term "productivity", hut is also likely, at one timp or another, to have used it in his communication. But no matter how widespread its use, and the precise meaning of productivity, it is
    309 words
  • 1396 6 In the first of a three-parl series on the famous winedistricts of France, SALMA KHALIK shares with us her eye-opening experiences after going through Cognac country. IF YOU have a good bottle of cognac, drink it now and enjoy a few moments of
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  • 625 6  -  By KEITH STAFFORD ALONG the shores of Japan stand billions of dollars worth of idle oil refining equipment in mute testimony to the phenomenal success of Japanese industry in saving energy and changing energy use patterns. The refining industry, with a daily crude throughput capacity of almost six
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  • Page 6 Miscellaneous
    • 661 6 I -11-OIE CKOSSWOKD CRYPTIC PUZZLE ACROSS 4 They come from printing presses or from tractors 7 I get in another mem when broadcasting (2, 3, 3) 8 "Fruit", but they contain corn (C) 10 Very legible letter to a king (5) 13 Pretty thin witwiitnmitt (4) 14 In building, Henry's
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    • 617 6 Far L»ko SINGAPORE 5 12.30 PM Opening Mowed by Sesame StrMt 1-35 Mfckey And Donald (Last Episode) ZM Saturday Matinte Where The Bullets Fly 3.30 WMMon Tennis Championship Men's Doubles Final: John McEnroe And Peter Fleming Vs Bob Lutz And Stan Smith (Part 2) 4.30 Malay Movie Salah Asuhan 6.15
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  • 935 7  -  The $165 million Hotel Meridien Singapore, situated between the Istana and Orchard Plaza, will have a top French chef to run the restaurants and specially-made furniture to complement as well as add to the ambience of the place. It will be French all the way,
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  • 897 7  -  By BERND DEBUSMANN Reuter PRESIDENT Albert Rene of the Seychelles has launched a determined effort to create a new man on these easy-going Indian Ocean islands hardworking, disciplined and committed to socialist principles. It appears to be an uphill struggle in a sun-soak-ed tropical
    Reuter  -  897 words
  • 686 7  -  FOBUM with PETER BARNARD THEY have a )oke in Poland which asks: what is 200 metres long and eats cabbage? The answer is a meat queue in Warsaw. But the really funny thing is that the Poles are still telling Jokes. They are remarkable people
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  • Page 7 Advertisements

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 92 8 DEC 1? r™ FORWARD MARKET ACK VI 4-J Art>*<3 1000 10 Aatur r» unch Brajcan VH 16 Bru-Lamb 1300 unch Canpac 1M0 unch Cock 190 unch Dc Bccrt 3H -4 Ebea 1«0 -00 Electrobel TOD SO Ob-Lnno-Bm SCO 15 QVT 1400 unch Hobo* 34SO 90 Petro i960 ]70 Ryl
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      • 154 8 DEC 1? Dm Aac-Telcfunken «J0 •u Ak*o 3D SO -04 Alls Ltben Alia Veri 480 00 unci, 438 00 -7 1 11 J——— 1M00 17SSC Bay Vbank Ml.30 Bayer 115 00 -01 BBC BMW Caaaella Cham V*rw MOO -J 106J0 -2J nn unch 212.00 -3 132.00 -42 42J0 unci)
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      • 182 8 Zurich and Milan prices were unavailable. The following are Wednesday's prices. AluauUae Br Aliuulaar H*t Brown Bowl Br CU* Oclo Br. at* Otlgy P c Clb» 0*1(7 iUf Crwjit Bute* Br Cmtit Suiaa* Rcf Eteklrowau Br. Ovori* PMelMr Br Oiobui Pr Haro Br sao no 1106 ins m Ml
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      • 152 8 DBC IT 1 Fta ARM 100 unch Ahnkt mm *a* Akao nm jls AMTC «ia -oj Amlu 73JJ0 _0J Amrobok sua -oi 35.00 -1 Boil <aan -Oj Bonumlj KOOB Burhmann MJ0 unch Caland MJ0 0.5 Ciln Dalfl 211 DOB Ml Ml] •JO -0.1 Knnta IUU *14 rokkw mm .1
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      • 251 8 DSC IT Fr* CORBBILLE Air-Uqulde B 8 N Oanmi* Damon* C 8 P (ThomjonCto hwnLlm dw PMroiw Compacnie noinctm m ao U«5 182 SJ 15 -1 111S0 -0.1 CoxsMcnie awmk Cradit Ponctor Di franei 314.10 -11 Hkcbeu* (Ubralrte) MMMMI MtciMlln (B) 3M 30-35 •12 -u -4 Pari Da* Paehlamy
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      • 102 8 DEC 10 Ur* BMWJT so unrh Brl ***** ■wo Central* ow mbo 239 Cond Acq ua Romt 1M Erldanla nan •110 n*t Ort 0*nerall Olm 1*0 30 2900 J5» -10 IfJ Prt* 3280 J2 lnmt 3081 *71 llalr«menu Ort ***** -1040 Itai«w KM -4 Lepetlt Ort ***** unrh MrttoCanca
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      • 116 8 DEC 17 C* AMUbl 11 Alcan sk ft -ft Alfoma «jv» t» Bank Mont M Bant Nora Scotia 31k Bell Tel IS* -It unch unch BetA Corp BP Can Ltd L -ft Braaran J4*» Camp RM Lake 1#"> Can Imp Bk 30 Cannae «J>4 ft -ft ft unrh Cannae
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      • 248 8 DEC IT Rand INDUSTRIALS A Alpha «90 Abercom 4S6 110 AE And CI 9T5 -15 A MIC JSOO Bviowt 1060 unch Cf Suew 1900 25 CNA 100 Cum« Pinancc Ml 2 D» Bwn ind MOB 90 Edecn no Edf*r* M00B Ewrcad* Fed Vole H *x -4 nifit SM tncfc
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  • Page 8 Advertisements
    • 160 8 "The American Express Card serves iWmT7i you well, wherever good food is served" a Snacks for your island treks KES Take your pick: Curry Puff Chicken Pie Gateau Cake Hoi Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10,00 a.m. 6.00 p.m. Saturday, Sunday zZiiutt Public Holidays
      160 words
    • 107 8 (Mu JAPANESE RESTAURANT r For sushi. For teppanyaki. For other authentically Japanese delights. ()p*'n ihu/i 12 in >■ hi i if. to i() pni 10 .'HI p; m For reservations •> call *****77 J||!^(S) I*j irk M u< >i i i i| >< tr« Hmi S:"'4HDO r J Te 1
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    • 227 8 11\ i: H I S 1 K s i J Be ■tore you tlv ;iv\ iiv to foreign la nd**, eheck-in vour hags then seek out the Five Continents Restaurant. Relax in intimate surroundings ;inJ wine ;md dine on the most sujXTb international cuisine you've ever tasted. Lunch 12 ntxm
      227 words
    • 138 8 ).!|?/*::]`]"{@<^[&*+--?`$.._;{ When you dine, dine Cantonese. I f 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 stajre is set for an evening
      138 words
    • 170 8 LJ<s This is Thai Seafood at its authentic test So fresh, it could have been alive 15 minutes before coming to your table tt was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant o*ley Rise/Penang Road. Singapore 0923 Tel *****11 (20
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  • RAW MATERIALS
    • 168 9 CHINESE Ptifcijii Eutoagt, per 1M kg yesterday. Csesast 41: Bulk fob *103.00 sellers, old drum (in second hand drum) fob $115.00 sellers, new drum fob $119.00 sellers. Copra: Mixed (loose) $56.00 buyers. Pepper: Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white pepper faq fob NLW $367.50
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    • 194 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Catt— ymra: China Blue Phoenix 20s 2,540 32s 3,170, 40b 3,345 (per bale of 400 lbs). Pises gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      194 words
    • 691 9 oac ACT oaa *r* Alra »toe"..' B .."ZI Afcai AWm Allla ka«M~ d Cbaai Cp Mm a* a* MM aneh uacta Atambqo tMT AnAtrana Am Bran* lac 17* B* U* MH uncb Am Am ka Co OH a« 1* -1 Am Am Hk M* Am Am Am
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    • 90 9 THE STRAITS tia price In Peiug yesterday (ell •Be cent to M 535.17 a Idle, to move towards the bsttom si the ITC upper range of $34.18 and $37.89. Sentiment eon tinned dampened by higher GSA dlspssals sf tin and speratsrs were ngain sidelined with a general feeling
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    • 34 9 Rubber: Dec 18 Singapore: Jan: 181.50 cents (up 1.00 cent) Malaysia: Jan: 201.00 cents (up 2.00 cents) Tin: M 535.07 per kilo (down 1 cent) Official offering: 176 tonnes (down 10 tonnes)
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    • 86 9 THE Malaysian Minister of Finance has fixed these rates for the period from Dec 17 until further notice: Bahker: 215 cents a kilo for RSS One; Capra: MJ595.00 a tonne; Palm kenel: 5955.75 a tonne; White pepper: $3,226.67 a tonne; Black pepper: $2,170.67 a tonne; The rates of
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    • 41 9 Reuter GROUNDNUTS and their derivatives are losing out in the traditional European markets due to a (all in production, high prices, nontariff barriers and competition from substitute products, a ministerial meeting of the African Groundnut Council said. Reuter
      Reuter  -  41 words
    • 307 9 THE Singapore rubber market yesterday closed firmer with January One RSS quoted at 181.50 cents per kilo, up one cent from Thursday's close. The morning session finished unchanged around overnight levels after fluctuating narrowly in quiet trading. The afternoon market was firmer on weekend covering and some upcountry buying.
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    • 328 9 RAS prices 111 cent* per kilo yesterday: Noon (per Ulo) Buyers Sellers Iat. 1 R.S.S prompt f.o.b. 174J0 ITS .SON Int. 1 R.S.S January 180.00 lOOJO Int. 1 R.S.S. February 105 00 105.50 Int. 2 R.S.S 108.50 170.50N UK Corn ***** 100JON Int. 3 R.S.S. 1C3.00 105.00N UK/Coat
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    • 108 9 NOON SSR Md SMR ptwm ym Mrdajr RA8 Juurr (Carrool Mtfe) raacaarr j*> SSR JO (1-loa palWtj 1S3J0 1MJON iauo 1MJ0N SSR SO (1-ton palbt) 158. SO i«osoN 1(0 JO 1CLS0N MKSLB Juui7 Pakraary SMR CV SMR L U-laa palbt) 1*7 40 1WSON 1» SO IMJ0 1(1
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    • 782 9 COFFEE: Robusta futures yesterday edged higher in a thin market with the movement attributed mainly to reluctance of sellerae. Prices ended the morning mostly £6 to £7 a tonne higher on a modest turnover of 481 lots which included 32 options and 47 crossed trades. Dealers said trading
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    • 115 9 THE Kuala Lumpur crude palm oil market yesterday ruled mixed on late selling in quiet trading. Trading was again concentrated in December. South rose Ms 2 to $895 a tonne while central dropped |2.50 while north was unchanged at $877.50. The refined market was featureless on continuing lack
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    • 289 9 FESTIVE spirit was missing and gloomy conditions prevailed as new lows were recorded for the third successive week says Hailday, Caller, Bat* ami Csmpaay says in its rubber review of the week ended Dec 17. This was despite Inro purchases and the Polish situation, with the
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    • 325 9 Reuter THE International Natural Rubber Organ barton (Inro) may buy rubber to defend the price when its five-day moving average price goes below 179 cents a kilo on its buffer stock price range. An Inro spokesman said that the "may buy" trigger point was
      Reuter  -  325 words
    • 140 9 WHEAT futures In Chicago on Thursday pared galas late in response to reports of Increased conflict In Poland, with prices closing up four to two cents a bushel Traders said prices trended firmer all day on chart demand following Wednesday's technical reversal on the upside. However, they cited the
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    • 151 9 SOYBEAN futures In Chicago on Thursday clipped gains late and closed near the bottom of a nine US cent range, up W to four cents a bushel. Traders said afternoon reports of increased conflict in Poland sparked selling and accounted for the late retreat from day's highs. Prices trended
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    • 326 9 SINGAPORE: Yesterday's closing prices In SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop L3O, 100 per cent secood class 1.08, 100 per cent third class 1.05, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.73. Special
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    • 873 9 STUNG BY the continuing drop in rubber prices in recent weeks, Malaysian smallholders made an urgent plea to the government on Thursday to arrest and reverse the market trend. The secretary general of the National Association of Smallholders in Malaysia, Mr Mazlan bin
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  • Page 9 Advertisements
    • 9 9 For the choice of spicy Indonesian delicacies dine at.
      9 words
    • 200 9 <^3 a® A w,,tk ,ht Prevention tnMn *<* >* h,«h hk„d pressure •«n<Jir>r«iniplKat H^s M... '2. ■3 EM UNDERSTANDING YOUR BLOOD PRESSURE £.S. Monteiro 'Oh, it> only high Mood Pressure a common enough dismissal of a most common affliction. And ample cause for worry, for surely no other condition is
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  • 1703 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise Specified. BECTION ONE INDUSTRIAL 4 COMMERCIAL Ami (IMB
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  • 170 10 ■NStfottuNirm WT The Commerce hr Dm > at 3.J3 3 Ite Saving* Fund in in S'pore Prof Ftmd 142 1.4 S pore Sec. Fund LM 2.25 S pore Invest Fund 1.10 LIS S'pore Equity Fund 133 1 «sd AMAPMtl ISUR Mai Invest Ftm?*""" Mr Dm itl) IM 303
    170 words
  • 2826 10 1981 High Low Compaay Last Sale orGr'» Div Div Cvr Gr's rid Net P/E 1 Vol COOO) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 4M 115 350 312 430 200 470 532* 675 430 248 119 130 150 308 79 360 220 322 231 Acm* Alcorn
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  • 1612 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherJ wise specified. mwmuu AJaaa (L 478 I MS) (J) L«7 (5) 18 (J)
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  • 77 10 VENEER Predicts Limited: EOGM to be held at 9-308, Merlin Plaza, Beach Road, Singapore 0719 on Dec 23 at 3 pm SOUTH East Asia Lukcr CwymttM Berfcad: Nineteenth AGM to be held at Site No. 30, Tasek Drive, Tasek Industrial Estate, Ipoh, Perak on Dec 24 at 11
    77 words
  • 706 10 DESPTTE taereaalag tmatea is Petaad Mi Ike baild-ap •t Ml tr»*pi la Ike Getaa Heights, Ike sleek market displayed rimfiii akle streagtk yahiiay. Beaae eeaaters evea maaaged la reaek reeeri level*. Prtem speaei m a steady aale slightly akeve ever» algkt levels. Ike vetaaw ef
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  • 599 10 THE Kuala Lumpur stock market rebounded yesterday as a final burst at buying took prices higher across the board. Trading volume also showed a marked increase from the previous session, albeit below the five million level. The steadier start clearly set the tone for the
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  • COMPANY NEWS
    • 516 11 THE financially stricken sugar growing and refining company, Gula Perak Bhd, has released yet another gloomy set of results for the financial year ended March 31,1981. Trading losses this time amounted to M 12.584 million, representing a further deterioration from the previous year
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    • 128 11 DBS Land, the property arm of the Development Bank of Singapore, has raised its issued and paid-up capital to $82,626 million from $49.6 million previously. The wholly owned subsidiary of the bank has several property subsidiaries of its own under its wing, including Thomson
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    • 53 11 TAIPING Textiles Betfcad: EOGM to be held at nan MIDF, Ground Floor, 195A Jalan Pekeliling, Kuala Lumpur oo Dec 28 at 11 am. UNITED UmMiI Cwp«> tlaa Limited: Twentieth AGM to be held at Unit 3604 (36th Floor) UIC Building, 5 Shenton Way, Singapore 0106 on Dec 28
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    • 336 11 Market Talk... INTERNATIONAL Trust and Finance, the latest company to be offered to the public this year, is fairly priced at $1.70, based on its price-to-earnlngsconsidera-tkm, said local broking Arm, Kay Hlan and Co (Pte), in its latest weekly publication. The broking firm said International
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    • 257 11 PRE-TAX profits at the Ayer Hitam Planting Syndicate for year ended Mar 31, 1981 was MSI. 1* million, compared with {L 125 million previously. Although productivity went up slightly, this was largely offset by lower rubber prices, according to chairman Llm
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    • 247 11 MALAYAN Baakiag Bhd has amended article 29 of its memorandum and articles of association. The clause, relating to the transfer of shares, will now read: "The directors may decline to register the transfer of a share (not being a fully paid share) to a person of whom they
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    • 1043 11  -  By MAUDRENE NITHIANANDUM EARNINGS prospects for Singapore land in the current year do not appear too «citing became Income brum Raffles Tower, which to expected to be completed in the middle of the year, will not make a significant impact on the current
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  • ASIAN STOCKS
    • 158 11 THE Sydney market yesterday eased again in listless trading. Industrial issues were mixed, with several larger stocks slightly down while resource stocks edged downwards. The All-Ordinaries index lost 1.7 points to 594.5 by the close of trading. oac u Cant* INDUSTRIALS 4- P. T A. M t
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    • 50 11 FINANCIAL TIMES INDUSTRIALS Thursday 518.7 Wednesday 520.6 Week Ago 525.5 DOW JONES AVERAGE INDUSTRIALS Thursday 870.53 Wednesday 868.72 Week Ago 882.03 H.K.HANG SENG Friday 1334.75 Thursday 1342.88 Week Ago 1413.19 AUSTRALIAN INDUSTRIALS Friday 738.1 Thursday 738.8 Week Ago 745.5 ALL ORDINARIES Friday 504.6 Thursday 566.3 Week Ago 604.7
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    • 66 11 COMMERCIAL and industrial issues eased in Manila yesterday, as did oils, but mining stocks were unchanged. Turnover advanced to 631,000 from 621,000 pesos. i Hz~ cut* fU im *11 MlfK +aa» Landau Undid Ortmt&l A Cimm.l PhfljOWKHM ■MM M PhOtm m Pfi Ptxrr Padua Paamt •Ml W|Ml A £fjar
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    • 40 11 tmc u BttlU Aj* rtn W&f" IntornaUonal Tm- wra SmTh AyMbi« LM M 1M Mia Unkm IB MUD CtncQt m 1 rntm CK* -J 1 rfcMBMH Thai WIN m ♦1 m ue -4 UniUd now Mm one* United THrod
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    • 229 11 HONGKONG STOCKS IN Hongkong yesterday pared mid session gains to close around easier opening levels in subdued trading. The market had rallied from initial levels on light institutional support. Prices generally moved narrowly and the Hang Seng index lost 8.23 to 1,334.75 points, to extend Thursday's 33.17
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    • 425 11 SHARE prices closed yesterday in Tokyo narrowly mixed in light trading with uncertain sentiment dominating the mari l T! f. T n^fl^ t av wa«e shed 12.60 to flnish at 7,669.93 on a light volume of 270 million shares, but the Tokyo stock exchange index added
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  • Page 11 Advertisements
    • 388 11 Asia, at your finger tips... 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 hacked by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated all
      388 words

  • Chief Price Changes
    • 140 12 Rises C Sugar* 1270 50 H Leong Fin 815 50 H Leong Credit 1290 40 Utd Plantation* 500 40 Sea View 870 30 Hume M 500 26 F E Levingaton 650 25 Guthrie 560 25 U E 265 22 Keppel Ship 630 20 S Finance 490 20 TDM 271
      140 words
    • Article, Illustration
      150 12 Rises MA A 615 75 Utd Pit 640 460 Pengkalen 1300 60 Isl k Pen 780 40 H Leong Finance 860 40 Kamunting 600 30 M Banking 790 30 H Leong Ind 1410 30 M'sian Pit 289 +27 Hume (M) 560 +25 Wilkinson 344 24 Tronoh 1190 20
      150 words
  • 253 12 MULTT-Purpose Holdings Berhad has sold 2.5 million shares in Guthrie Berhad from its 88.83 per cent holding in the company's equity. The transaction, made on Thursday, reduces Multi-Purpose's stake in Guthrie by 7.5 per cent to 81.3 per cent. The block shares were
    253 words
  • 563 12 MULTI-Purpose Holdings Berhad (MPHB)'s listing of its 380 million Msl shares is expected to take place on Jan 11 in time for the Chinese New Year. MPHB's introductory advertisement appeared in the New Straits Times yesterday. According to the advertisement, the Malaysian
    563 words
  • 394 12 STRAITS Steamship has made further headway in the engineering and mineral exploration fields with the acquisition of a 75 per cent interest in two Australian companies. The latest deals will cost Straits Steamship A 51.425 million. Yesterday, an official for the group said substantial contracts for
    394 words
  • 201 12 MALAYAN Credit Ltd has reaped a 46 per cent increase in its pre-tax profits for the first six months to Sept 30. This is largely attributable to the upward revision of rentals for Ardmore Park and Marina House as well as a greater contribution from its
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  • 782 12 LONDON, Fri. Stock prices were basically steady at the outset in quiet trading today. The initial feature was a jump to 70p from 43'2p in Croda International on news that Burmah Oil had instructed its stockbrokers to acquire through the market 17.42 mln fully paid ordinary shares at
    782 words
  • 234 12 THE price ef DmUp E»totes BM (DEB) Iks meved ap rather eeaepleecaaty Is the stock market ever the last few days, ens baeklag the tread ea days whea the rati «ft Feente ea Wedaeeday* sad fiaafly timed ea PtMav at fUi far a total
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  • 758 12  -  ■Hill Companies Editor: Mano Sabnani Sy STEVEN TAN NEGOTIATIONS are currently believed to be underway that could result in a change of control at Singapore-incorporated Nadefinco Ltd which holds a substantial stake in publicly-listed TDM Berhad. It is understood that the talks, conducted in
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  • Page 12 Advertisements
    • 178 12 9 f 9 A' Calendar 3 ■Jbx ■k MT4' -i 0 < >v K E& 1 r: •v. The Times Calendar '82 is exquisitely reproduced from eminent Chinese painter, Lu Feng's Plum Blossoms. A favourite subject among Chinese painters, Plum Blossoms epitomize people who display fortitude and resourcefulness under the
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  • Page 12 Miscellaneous
    • 59 12 OUTLOOK for Singapore today: Generally cloudy and windy, with occasional showers expected. Report for 21 boors prior to 7.3t pm oo Dec 18 at the airport: Maximum temperature 28.4 Associated humidity 75 Minimum temperature 23.0 Associated humidity 100 Hours of sunshine 3.10 Rainfall in millimetres 23.5 Total rainfall for the
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  • LEISURE TIMES
    • 781 13  -  TSENG'S A PARADISE FOR COLLECTORS Tucked away in Upper East Coast Road is a place known as Tseng's or the Fleamart. It is a treasure trove for collectors, selling almost everything under the sun from Qing artifacts to postcards of old Singapore. PATRICIA WEE shares the
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    • 730 13  -  FILM REVIEW The Water Babies m is the story ffl of s London Kfl orphan, Tom, who H matures from s H reckless young Hi scamp to s thoughtful young sdult. WONG SOUK YEE, considers it s heartwarming film, one guaranteed to win the
      730 words
    • 476 13  -  By LOH HUI YIN I AT THIS year's Her WerM Yeaag Dolpcr Matcat, there were, as mil, seme eeUectieaa which did aet eatte fit tai with what the Jadges waited that Is, wearable aid practical clethes. Oae dedper gillty e( this was WUsea Cbee. Werldag ea
      476 words
    • 748 14  -  Artist Pu-Qua's sketches of the ordinary and royal Chinese folks have given collectors worldwide the first glimpse of the mysterious and fascinating Middle Kingdom. LEE YOKE MENG, who had taken a peep at the works of Pu-Qua, is
      748 words
    • 411 14 BTA DYLAN THOMAS, the fiery Welshman whose play Under Milk Wood has become a classic, joins the great men and women remembered in Westminster Abbey. Dylan, the hard-drinking poet who died so tragically in the United States, takes his place with the kings, queens, prime ministers,
      BTA  -  411 words
    • 184 14 TODAY: GOLF: Keppel: Second round of the Club Championship. Will Talib Haron (lying in second place, four strokes behind Peter Kenyon-Muir) catch up to strengthen his claim on the title for the 10th consecutive year? Also to be played today are the finals of the club's Intermediate
      184 words
    • 945 14  -  P&WS 5 By RONALD KOW WHEN it could easily have been at least the silver medal, the Singapore national soccer team came home from the 11th South-east Asia (SEA) Games at Manila without even the bronze. This is how best the performance
      945 words
    • 348 14 AFP THE USE ef the Ugkt "Mlkaen" toll far nmr ittfcM Mi the pnwifc ef tto dipta| test tolag tto Seath-eaat Asia (SEA) bums la Manila wklek «M m Ta«*day will to kreagkt ip daring tto Mit SEA Qnmes PMmte ■jj i *t„ w.
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    • 251 14 UPI EUROPEAN Tournament golfers will be playing for a record £2.2 million in 1982. That was the handsome Christmas present unwrapped by the European Tournament players division on Wednesday at its Wentworth headquarters. Officials announced a 29-week circuit which includes two new events and five existing tournaments
      UPI  -  251 words
    • 101 14 TWO successful Irish mares, Cairn Rouge and Condessa, have been withdrawn to stables, where they will be covered next season by Northern Dancer and Spectacular Bid, the mares' owner, Craig Singer, said in Dallas. Singer this year paid US$l.5 million for Cairn Rouge, which was Irish three-year-old
      101 words
    • 123 14 UPI MUHAMMAD ALI, who floundered harmlessly around the ring for 10 rounds in losing a decision to little-known Trevor Berbick, was Just teasing when he said that he would fight again in six months, a spokesman said. "1 Just talked to All on the telephone and
      UPI  -  123 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 603 13 WHAT WHERE CHRISTMAS FESTIVITIES IN conjunction with the Christmas celebrations, a Christmas Faataata will be presented today at 4pm in the Auditorium of the Marine Parade Branch Library. Items include modern creative dances, Christmas carols, songs, mime and instrumental numbers. Free admission by tickets available from the Adult Information Counter
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