The Business Times, 9 January 1982

Microfilm: NL11750
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JANUARY 9,1182 60 CENTS
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  • Article
    Headquarters for Seal at Bukit Merah
    403 1 THE Singapore Contractors' Association Ltd was successful in its tender for a 1,500-square metre piece of land belonging to the Housing and Development Board. The association, which submitted its tender last November, was awarded the site at a cost of $500,000. The new headquarters
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  • Article
    Lock icon Foreign buying of Tokyo stocks falls
    213 1 Reuter FOREIGN net purchases of Japanese stocks fell 72.4 per cent to 233.6 billion last year from a record net buying of 845.4 billion in 19», the Tokyo Stock Exchange said. While foreign buying last year rose to a record four trillion yen from
    Reuter  -  213 words
  • Article
    Ssangyong wins $170m contract
    419 1  -  By AGNES WEE THE South Korean construction company, Ssangyong Construction, has won its fourth major contract in Singapore within the space of two years. Its latest coup is a contract, estimated to be worth about $170 million, to build Liang Court at River Valley Road. This
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  • Article
    Engineering study to include law
    496 1  -  By WONG SOUK YEE MOVE to turn out "all-rounded" engineering graduates is taken a step further with the addition of a law subject in the curriculum of both the National University of Singapore and the Nanyang Technological Institute. NTI students will study communication drill*» in
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  • Article
    Work excellence committees on NOL vessels
    344 1 WORK excellence committees will soon be formed on board Neptune Orient Lines' vessels. The committees will Involve officers the master, senior deck officers, senior engineers, radio technicians and ratings from the catering and engineering departments. They will meet fortnightly to discuss daily and weekly
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  • BRIEFLY...
    • Article
      Lock icon US unemployment
      83 1 UPI WASHINGTON, FYi. Unemployment, fuelled by a nagging recession, jumped sharply to 8.9 per cent in December with nearly 9.5 million Americans out of work. The Labour Department said it was the fifth straight monthly increase, making the rate only fractionally below the height of the *****5 recession
      UPI  -  83 words
    • Article
      Lock icon Commission schedule
      55 1 Reuter LONDON, Fri. The London Stock Exchange Council proposed a new minimum commission schedule aimed at raising brokerage commission income by 7.3 per cent. Chairman Nicholas Goodison said the new schedule will be subject to consultations among brokers and investors over the next few weeks and could be
      Reuter  -  55 words
    • Article
      Lock icon Neutron bomb
      53 1 AFP WASHINGTON, Fri. France is technically capable of producing the neutron bomb but has not yet decided to do so. French defence minister Charles Hernu, who is paying an official visit to the United States, said the French government had opted only to continue research and tests on
      AFP  -  53 words
    • Article
      Lock icon Emergency situations
      89 1 AP TOKYO, Fri. Japan and the United States agreed today to initiate studies on what facilities Japan will offer US forces in the event of an emergency on the Korean peninsula or other areas of the Far East outside Japan. The agreement reached at the 18th meeting of
      AP  -  89 words
    • Article
      Lock icon Pipeline reopens
      57 1 Reuter BEIRUT, Fri. A vital pipeline carrying Iraqi oil to the Lebanese port of Tripoli reopened today, five days after being blown up by unidentified saboteurs. Walid Mawlawi, director of oil Installations in Tripoli, said that engineers had successfully tested the repaired section of pipe and pumping of
      Reuter  -  57 words
    • Article
      Lock icon New-car sales
      68 1 UPI LONDON, Frl. New-car sales in Britain in December rose for the third consecutive month compared with the same period in 1900. The Society of Motor Manufacturers and Traders (SMMT) said last month, 56,330 new cars were sold, 10.5 per cent more than in December 1980. For the
      UPI  -  68 words
    • Article
      Lock icon Food purchases
      54 1 Reuter WASHINGTON, Fri. Iran has quietly resumed large US food purchases since releasing the 52 American hostages a year ago. After making virtually no purchases in 1980 when trade was dis3 ted over the hostage crisis, .>ments of US farm products to Iran jumped to more than US$3OO
      Reuter  -  54 words
    • Article
      Lock icon Honda in China
      29 1 AP TOKYO, Fri. Honda Motor Co of Japan has signed a technical tie-up agreement to provide China with motorcycle manufacturing knowledge in return for royalities. AP
      AP  -  29 words
  • Article
    Lock icon Amos Dawe considering civil actions in HK
    219 1 AFP FORMER Hhgipm fl.ft»cfar Amae Dtwe, wfcc wu re by iTagkaag ptllee aa Wihntoy alght peadtog aa tppttl by the Attoney-Geaeral igtint Ma MfSttlal af maN-alUlae MM traaj rfcir|M, la rmmMttMM M k a!s&£r* dTtl Be nM IMb piwiMlltj MMMi as he wmM
    AFP  -  219 words
  • Article
    Substantial rise in sales of food hampers
    505 1  -  By RICHARD SEAH MORE people are spending more money on food hampers this festive season. Companies which sell these annual goodwill packages reported substantial increases in both the number of customers and the average sum of money they spend on hampers. But good
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      230 1 ?{|$.!))*@?$;>.=@+_)^`)\`/&_,;) ASEAN Finance Corporation will figure prominently at the 11th meeting of the Asean Bankers' Council in Kuala Lumpur next month Page l THREE local textile houses have joined hands to develop a residential project at Upper East Coast Road Page 3 ALL is not well within the Dutch horticultural
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    • Advertisement
      Page 1 Advertisements Column 2
      226 1 Swing With A Perfect 2MA The form and function of many things are often rated on a scale of 1 to 10. H This includes Olympic competitive sconng, pretty girls... and golf clubs. That's why Lynx named its newest, hottest model golf club '10'. These new-design woods and irons were
      226 words
    • Advertisement
      Page 1 Advertisements Column 3
      45 1 T*" AluuiMnqwQGZ i >tRO(JND THE WORLD... MUNSNGWMRiNnHSIOmS U&A IIC SYMBOL OF OUAUTY When you wear Munsingwear, Vou know you look good. Anyway you wear it. Everywhere you wear it. kS Today's best-seller In active sportswear Sote Agent EXCELSIOR (PTE) LTD. 66 High Street. S-ngapc*• 0617
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  • BANKING AND FINANCE
    • Article
      Singapore market
      387 2 TRADING of the US currency on the local foreign exchange market was steady yesterday. Against the Singapore dollar, the US unit opened at 2.0440/50 and closed at 2.0450/55. The relatively quiet trading was due to the lack of intervention on the part of the Monetary Authority of Singapore.
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    • Article
      Gold
      242 2 SINGAPORĔ gold futures yesterday closed slightly firmer compared with overnight levels after fluctuating within a narrow margin in quiet trading, dealers said. Total sales for the day was recorded at 71 lots while kerb volume at nine lots. Prompt closed slightly higher at US$4OO.OO/400.80 an ounce against 396.50/ 400.00
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    • Article
      Silver quotes
      33 2 New York 8.2TB 8KB 8.34S 8.33S Zurich 8.17B 8.27B 8.27S 8.37S M Than Singapore 8.27B 8.25B 8.42S 8.«S Closing prices tn US doUan a troy ounc 1. Source: Credit Suisse, S'pore.
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    • Article
      TOKYO
      133 2 THE dollar for overnight delivery in Tokyo yesterday closed at 221.85 yen, easier than the 222.00 opening in Tokyo and the 221.80/96 New York close, dealers said. This compared with the 221.10 close in Tokyo on Thursday. Trading volume was a fairly active $1.29 billion. Relatively high import settlement
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    • Article
      PLR
      22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.65 per cent.
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    • Article
      ASIAN $
      171 2 ASIAN ASIAN currency deposit interbank rates as at close on Jan 8: U8DoU«n><Sp>t) 7 days 13 12% 1 month 13H 13 vt 2 months 13% I3W 3 months 13* 13% 6 months 14* 14% 9 months 14 11/1814 9/18 12 months 14% 14% SwJra. Dm (MiMI* PrieM) 1 month 81/18
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    • Article
      Discount
      46 2 RANGE of prices ofle red by discount house* on Jan 1: Overnight: iv,% to IVt* Cull deposits: SV.% to Ii*« Mm 3-month t MUa( Treasury bills 2H M 3-month Bank bills 8* 3 months CD Ift •H months CD 8% ft* Source: National Discount Co
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    • Article
      Treasury bill tender
      51 2 RESULTS of tender held yesterday tar 91-day Treasury bills to be issued from Jan U to Jan 15: Offerei: $140,000,000 Applied tar: $186,600,000. Allotted: $140,000,000. Accepted bids: $99.22 approximately 57 per cent and higher bids in full. Average rale sf dtaenat •a allotment: 2.985 per cent per
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    • Article
      HONGKONG
      60 2 THE US dollar in Hongkong yesterday eased against most major currencies in active, late trading. The US currency fell to 2.2370/80 marks from an early 2.2605/15. Banknote rates yesterday: US 5.70/5.72 UK 10.85/11.05 Brunei— 2.74/2.7» W Germany 2.52/2.54 Malaysia 2.54/2.56 Philippine* 0.06/0.68 Singapore 2.79/2.81 Burma —1.50/2.50 India 5.00/5 JO
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    • Article
      London
      28 2 Opening quotes yesterday: US -1.9003/13 Can 2.2735/70 Crew -1.1880/72 DMk-4.3320/65 D F1 4.7530/585 S FY 3.5090/78 B FY con 73.09/82 F FY -10.9965/11.0110 Lit 2317.90/*****0 Yen 425.00/80
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    • Article
      Lock icon World Bank may change policies
      381 2 Reuter THE World Bank, in a move that could have economic ramifications in the Third World, said it may make major changes in the way it borrows and lends money. World Bank president Tom Clausen told an economic seminar in Washington on Thursday the bank
      Reuter  -  381 words
    • Article
      US dollar likely to fall against yen and guilder
      362 2 THE US dollar seems set to weaken against the Japanese yen and the Dutch guilder, according to the Manufacturers Hanover Trust's (MHT) latest currency review. Currently, the yen is trading around 219 yen to each dollar and the guilder at 2.46
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    • Article
      Lock icon Money supply growth
      190 2 Reuter HONGKONG'S newly defined money supply M-3 total rose- 0.8 per cent to HKJI7I.J3 billion overall in November while the local currency component M-3 rose 0.4 per cent to $141.72 billion compared with increases of 15 per cent and 1-2 per cent respectively in October. Banking commission
      Reuter  -  190 words
    • Article
      Autobank
      22 2 DEVELOPMENT Bank of Singapore has installed its 13th automated teller machine (Autobank) at the administrative block of the Singapore General Hospital.
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    • Article
      Asean Finance highlight of ABC meeting
      369 2 THE Asean Finance Corporation (AFC) will figure prominently at the 11th meeting of the Asean Bankers' Council (ABC) to be held in Kuala Lumpur next month. The meeting will be followed the next day by a session of the Asean banking conference which is
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    • Article
      Lock icon Pretoria's gold holdings drop
      152 2 Reuter SOUTH AMeaa geld WMtaga fell MJ3 mllltoa raad la Deeember Is 1.11 Mlltoa nai tM 1.24 UMm Is Is November. The Reserve Bask said la velame terns, bewever, beMags rase abeat IHJM eaaees te absat Ml ■Hilts mHHaa la Nevember. GaM wstnw were valaed at
      Reuter  -  152 words
  • RAW MATERIALS
    • Article
      WHEAT
      90 2 WHEAT futures in Chicago on Thurday fluctuated erratically in late trade, with prices closing down 1V« cents a bushel in nearbys to up 2V4 US cents in thinly traded back months. Corn futures closed fractionally mixed, with half of the positions unchanged from Wednesday's close. Traders said the market
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    • Article
      SOYBEAN
      111 2 SOYBEAN futures in Chicago o Thursday clipped gains late, after prices rallied in afternoon trade on aggressive purchasing by a wire house. Prices settled Ave to y« US cent a bushel higher. A general lack of commission house computer fund demand following the market's penetration of the March based
      111 words
    • Article
      Produce exchange
      173 2 CHINESE PrMiw Exclave, pw Ml kg yesterday Cinwt ail: Bulk fob $100.00 sellers, old drum (In second hand drum) fob {112 00 sellers, new drum fob $116.00 sellers. Ofg»: Mixed (looae) £0.00 buyers. Pepper: Muntok white pepper fob AsU NLW $372.50 sellers. Sarawak white pepper faq fob NLW
      173 words
    • Article
      TEXTILES
      196 2 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttm yam: China Blue Phoenix 20s 2,550; 32s 3.195, 40« 3,340 (per bale of 400 lbs). •Vet pits: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • Article
      RICE
      342 2 (SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.06, 100 per cent third class 1.03, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.71. Special
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    • Article
      RUBBER
      177 2 THE rubber market in Tokyo yesterday rose substantially on increased bargain hunting with caution to low prices following higher London advices and the yen's fall against the dollar. Prices closed two to 5.4 yen higher, after profit-tak-ing pared intial gains slightly in view of market closures in Malaysia and
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    • Article
      Rubber starts '82 on easier note
      302 2 THE New Year commenced on an easier note as the market fell back in disappointment and in line with Tokyo's opening drop of 5 yen says HaHsy, Caller, Bath aai Campaay in its rubber review of the week ended Jan 7. As London followed
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    • Article
      LONDON MARKETS
      819 2 COFFEE: Robusta futures yesterday ended a quiet morning slightly weaker,with prices 16 to £12 below Thursday's close in traded positions. Dealers said easier New York and origin selling at the highs on Thursday were the main factors behind the decline. Trading was thin, dealers noted, with no fresh
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    • Article
      PALM OIL
      72 2 THE Kuala Lumpur crude palm oil market was closed yesterday. CJ.F. North European ports, in US dollars per ton unless otherwise stated: LONDON Thurs Wed Malaysian b% ffa bulk per tonne February 500.00alr 495-OOalr Sumatra 5% ffa bulk January 482.50pd 482.50pd February 492 50pd 490.00pd March 502.50/505pd 500.00pd
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      60 2 HARAPAN GROUP requires the following personnel: A) Group Financial Controller B) Group Corporate Finance Manager C) Group Audit Manager D) Legal Officer (Female) E) Sales/Marketing Officer (Female) F) Promotion/Advertising Officer Age between 25—40. With at least 5 years experience. Please send in all detailed information to:— HARAPAN (S) CO PTE
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  • TRADE AND INDUSTRY?
    • Article
      Woodsville flyover opens
      195 3 THE flyover at the Woodsville Interchange, forming part of the Pan Island Expressway from Jurong to Changi, will open at 10.30 am today. Costing $12 million, the flyover has two carriageways, each carrying two lanes of traffic. The overall width of the flyover is 19.4 metres and
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    • Article
      MEMO PAD
      527 3 SEMINARS AND COURSES Dec 28-Jan 20: Financial Planning for > Marketing activities, Cuppage Centre, NPB Jan 2-Feb 27: Industrial Microcomputer j System, Bukit Timah Centre, Department of Extramural Studies, NUS Jan 4-March 1: Skills and Strategies for 1 Effective Managements, Waterloo Centre, Department of Extramural Studies, NUS Jan
      527 words
    • Article, Illustration
      Another jack-up rig by FELS before schedule
      257 3 FAR East-Levlngston Shipbuilding (FELS) has completed another jack-up rig ahead of schedule. It is now awaiting delivery to the owner, Reading and Bates of the United States. The rig is a Friede and Goldman L-780 design which was constructed to specifications drawn up
      257 words
    • Article
      More PA youth leaders
      166 3 LEADERSHIP in the People's Association Youth Movement has improved with more professional, administrative and managerial workers volunteering their services. There are 393 of these leaders today compared with 343 in 1979. Since then, membership of the movement has «V* grown from 31,000 to 38,000. These points
      166 words
    • Article
      Entertainment association in bid to woo more members
      365 3  -  By RICHARD SEAH IF STRENGTH comes from numbers, the newly formed Entertainment Investors Association of Singapore (EIAS) is definitely growing stronger. Since its official launching two months ago, the association's membership has grown rapidly from 38 to 62, an increase of more
      365 words
    • Article
      Seminar on inflation
      115 3 THE National Productivity Association (NPA) is holding a seminar on "Managing inflation in the 80s" at the Equatorial Hotel today. The seminar will provide participants managing directors, general managers and corporate planning managers with a better understanding of the problems posed by inflation. It will also touch
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    • Article, Illustration
      Textile houses in residential deal
      408 3  -  By AGNES WEE THREE local textile bouses have joined hands to develop a residential project at Upper East Coast Road. The Sl5 million development is being undertaken by A-Z Holdings Pte Ltd, which is owned by Thakral Realty Pte Ltd, Heshe Enterprises Pte Ltd, Peing
      408 words
    • Article
      TRADE TALK
      342 3 A GULFSTREAM 111 executive Jet, powered by Rolls-Royce, will stop over in Singapore during its attempt to set a round-the world flight record for aircraft of its class. The aircraft, named Spirit of America, is powered by two RollsRoyce Spey engines. Already a bolder of 12 world records
      342 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      109 3 nth on y (Jmndor The Penguin Dictionary of MICROPROCESSORS 4 em a«* past: ■> SSEr *W>J' *rr s* *7 Ij*-. V* >•*■: t"' ETS^iV 1 3585 havealread V been contributed to the language fOT Zt COm^ er ,n< i! UStry Bu9 Boot r V and Deadly Embrace CampZrl Bu, M°."
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    • Advertisement
      Page 3 Advertisements Column 2
      113 3 The great Tsingtao giveaway. Now. when you buy Tsingtao beer during this festive period, we'll give you a free complimentary set of a glass and opener plus an extra ran or bottle of refreshing Tsingtao beer wherever applicable, and only while stocks last! One carton 640 ml Dark Beer FREE
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        272 4 JAN 07 Frs CORBEILLE Air-Liquid* 4«5 10 B S N Gervals 1296 Danone 80 C S F (Thomson197 Csf) 12 Cle franc al* 120 10 4fl des Petroles Compafnle Financier* Co mpafnl# 325 5 General* Credit Foncler 319 De France 12 HacheUe *06 15 (Llbralrle). Machines Bull 27 40
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      • Article
        Brussels
        93 4 JAN 07 FYs FORWARD MARKET Acec 320 «l Arbed 1040 10 Astur jn 2 Brascan yj« -8 Bru-Lamb 1240 unch Canpac 1440 10 Cock 158 4 De Be«rs 290 3 EDM 1880 •10 Electrobel 3080 -40 Gb-Inno-Bm 2210 -36 Oe* 1530 10 Hobok 2806 SO Petro 4615 -IS Ryl
        93 words
      • Article
        Frankfurt
        211 4 JAN 07 Dm Aet-Tdefunken 45 40 +04 A*«O ztao +Q.1 Allx Leben *****0 4 10 Alls Vers BASF Bay H T Wbank Bay Vbank Bayer BBC BMW 430 00 134 80 183 00B 380M llg JO ***** 191 OOB unch 1J -15 18 Casaella Chem Vemr Commerxbank Contl Oummi
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      • Article
        Zurich
        176 4 JAN 0T7 Franca Artionj Sulaaea Aluautaae Br Aluaulaae Ref Brown Boveri Br Cl«* 0*10 Br CH* Oel«r P C Clba Oclo Re« Credit Sulaae Br Credit Sulur Ref Elektrowatt Br Oeorje Placher Br Olobua Pr Hero Br M me, m ion ino 880 M2 IMS 300 2190 4KB 32SB
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      • Article
        Amsterdam
        178 4 jan in Pis ABN 278 00 .3 Ahold 8290 -05 Akio 23 10 05 AMEV 85 00 -05 Am fas 75 00 unch Amrobnk 52-00 -08 Bergoss Berk 2270 Bols 50-20 unch Borsumlj 82 80 *22 Burtimann Caland ~"Z 34 50 0 5 Cai»e Dei ft ***** Dell M(|
        178 words
      • Article
        Milan
        106 4 jan <n Lire Bulofl suap IM ***** 150 Central* Ort 5150 -330 Cond Acqua Rom* 196 1 ErMuito ***** -1000 Flat Ort 1560 -41 Oenerall *****0 -4075 Oiro 3060 -40 Ifl Prlv 3230 -130 Invest 2M5 -44 lialcemenii Ort ***** -1620 Ilalcai 800 -15 Lepeui Ort 34Q2U -1500 Mcdloftanca
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      • Article
        TORONTO
        202 4 JAN 07 Ct Abltlbf 20 unch Airan 26* Alfoma 43 unch Bank Mont 23* Bank Nova Scotia 26* Bell TeC 18* Beth Corp BP Can Ltd JO* t Braacan 24 Camp Red Lake 17Can Imp Bk 28 unch Can par 40 s Can par inv Pf Car ling OKeefe
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      • Article
        JOHANNESBURG
        309 4 JAN 07 Rand INDUSTRIALS A Alpha Son A be rrom 440 10 AE And CI unch AMIC 3450 -25 Barlows 1065 -5 Cf Sugar 1825 -25 CN A 725 Currle Finance 280 5 Df Beers Ind 3650B 250 Edcon Edgars 9000B Eve ready Fed Volk ZZZI 585 unch Fufll
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      250 4 "The American Express Card serves you well, wherever good food Is served". Snacks for your island treks KEJ Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef Bun Pack Lunch Open: Monday Friday 10,00 a.m. 6.00 p.m. Saturday, Sunday zLikuruf'. Public Holidays 8.00 a.m.
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      Page 4 Advertisements Column 2
      84 4 (Xdu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily 12 noon p m (> )p H) 10 AO pMI For reservations call *****77 J W {S itll■"% I *m*k Silu>i']il< »n »<»■*«• Nassim Hill. Singapore 1025 Tel *****77 Operated by ANA HOTELS INTERNATIONAL S 3
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      Page 4 Advertisements Column 3
      152 4 See Page 5 for Asian and NYSE stocks TIVE Continents KtSTALRXSI Before vou flv away to foreign lands, check-in your bags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most superb international cuisine you've ever tasted. Lunch 12 noon 3 pm
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      Page 4 Advertisements Column 4
      204 4 When you dine, dine Cantonese. I k h 0 o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for
      204 words
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      Page 4 Advertisements Column 5
      260 4 It !s as good as going to Bangkok. st This is Thai Seafood at its authentic best So fresh it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our Kitchen Siamese Seafood Restaurant
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    706 5 ARRIVALS Service Local Operator 'Number Time From RBA BI421 0965 BWN MAS MH651 1000 PEN KUL MAS MH6»n 1010 BKI MYY KCH SIA SQ201 1030 HLP CAL CB14 1030 HLP CPA CX710 1030 HLP GIA GA960 1100 HLP SIA SQI03 1115 KUL GIA GA930 1115 MES THAI
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  • ASIAN STOCKS
    • Article
      Hongkong market higher
      181 5 THE Hongkong stock market yesterday Closed slightly firmer but below the day's highs with gains pared by some late selling ahead of the weekend, brokers said. Trading was active in the afternoon. The market firmed initially on carryover demand from Thursday's advance. In addition, there was a
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    • Article
      Sydney stocks end weaker
      179 5 JAM OB CcnU INDUSTRIALS a r i in .1 A N L 308 -1 A. P H JOB unch Arapoi nu ■.ftp A© t JB 9M -4 But NSW 296 +1 Boraj 310 -5 Brunbto* 245 -5 C. 8. R. 710 -10 u.nwimmmmmm am Donlop 10S
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    • Article
      Tokyo shares finish lower
      321 5 JAN OS Yen AJtnomoto AMI Chem Aaahl Oiai* Baak Tk Iwjni Brtdkeston* 263 MO 666 an 6*1 446 -6 -8 -15 uneh uneh CAnon tm -16 CTtlyod* 964 J CMibu Pwr 061 -2 ClllMII D Nip Print D Nip Taryo DaUehl KiniTO Bk Kbara Pull Bank
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    • Article
      Manila
      94 5 THE Manila stock market yesterday closed lower across the board, dealers said. Turnover rose to 681,630 pesos. JAN 08 Pent Acojc 0023 uneh Attea Coo A AUai Con a llio uneh Byuio OoM 0015 uneh Bmjnwt Con B 47.40 +0.4 WT Ooodrtch 9 -as CDCP Landou Lepanto B. Marlnduque
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    • Article
      Bangkok
      69 5 JAM Ajla Fibre AruUiaya hit And Trust Bangkok Bank Bank Of Ajrudh*7* Bahts 254 ♦I International Cosmetics International Trust And ru Rama Tower Saha Union Slam Cement Slam City Cement South Asia Fibre Thai Danu Bank United Flour Mill United Thread se x> 152 144 IT 00 1 unch
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    • Article
      Selected indices
      49 5 FINANCIAL TIMES INDUSTRIALS Thursday 529.5 Wednesday 523.7 Week Ago. 530.4 DOW JONES AVERAGE INDUSTRIALS Thursday 841.78 Wednesday 861.02 Week Ago 875.00 H.K.HANG SENG Friday 1415.79 Thursday 1409.40 AUSTRALIAN INDUSTRIALS Friday 725.4 Thursday 731.1 Week Ago closed ALL ORDINARIES Friday 577.0 Thursday 583 1 Week Ago closed 1
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  • OVERSEAS
    • Article
      Lock icon Major US banks expected to reap strong earnings
      326 5 Reuter BENEFITTING from a drop in interest rates, many major US banks are expected to report strong earnings gains for the fourth-quarter. "The outlook is very optimistic," said James McDermott of Keefe, Bruyette and Woods, a brokerage house specialising in bank stocks.
      Reuter  -  326 words
    • Article
      Lock icon MNCs and banks cope well with floating rates
      241 5 Reuter MULTINATIONAL com ponies and banks have coped much better than many economists expected with the relatively new era of floating exchange rates. The British-North American Research Association said in a report that fears that international trade would be damaged by the
      Reuter  -  241 words
    • Article
      NEW YORK STOCKS
      1011 5 STOCKS IN New York on Thursday finished the day on a mixed note after some late strength pulled the market back from earlier lows. After falling as much as six points, the Dow Jones industrial average recovered to close up about V« of a point at 861.78.
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    • Article
      Lock icon EEC states urged to adopt new textile pact
      287 5 Reuter COMMON market ladastry Cssßmlsslsser Etleaae Davtgasa has argad EEC member states te adept a ■ew lateraatteaal textile trade pact, eastt—lag them agalast ma Mag Ike terms already wsrked sat mare severe. EEC mlalsters meet la Brassels later this meath te raaMder
      Reuter  -  287 words
    • Article
      Lock icon Crucial stage in Lockheed affair
      675 5 Reuter THE LOCKHEED payoff scandal that rocked Japan's ruling establishment six years ago is about to move to a crucial stage with potentially explosive political repercussions. A series of court rulings, including a judgment in the case involving former prime minister Kakuei Tanaka later this
      Reuter  -  675 words
    • Article
      Shell expects to lose lead
      508 5 SHELL expects that it will lose its current lead in the Peninsular Malaysia market for petroleum products to Petronas by the end of the decade. Mr Lai Wah Seng of Shell Malaysia Trading Sdn Bhd said that Shell's current 46 per cent share of the
      508 words
    • Article
      Lock icon Embargo on grain to Soviets the only effective sanction
      275 7 Reuter WEST German Economics Minister Otto Lambodorff has said that a grain emhwgt weald he the aaly effective crwmk aaaettoa the West could lmpsse n the Soviet L'atoa. He added that saaettoas Imposed by the Beagaa Administration last msath, which exeladed
      Reuter  -  275 words
    • Article
      Lock icon AMERICAN RETAIL SALES RISE
      136 7 Reuter SEVERAL major US retail chains reported steep increases in sales for December over the same month the previous year, despite fears that they would be badly hit by the growing recession. Many retailers said December sales recovered well from a slow start. Industry leader Sears,
      Reuter  -  136 words
    • Article
      Lock icon Reagan reviews new proposals for higher taxes
      754 7 NYT PRESIDENT Reagan reviewed oo Thursday new proposals for tax increases worth US$3O billion to $35 billion for 1984, a package that was designed by his advisers to bring the 1964 federal deficit down to 155 billion. The tax package would yield perhaps
      NYT  -  754 words
    • Article
      Lock icon Israel to pay Sinai settlers
      462 7 UPI, NYT THE Israeli cabinet has narrowly approved a US$26O million compensation package far settlers evacuating the Sinai peninsula on the strength of an Impassioned plea from Prime Minister Menachem Begin that the cost was the price at peace. After a three-hour meetingon on Thursday,
      UPI,; NYT  -  462 words
    • Article
      Lock icon AID FOR THIRD WORLD
      346 7 UPI FORMER World Bank president Robert McNamara has aid that the level of US aid for developing nations "can only be described as disgraceful" when compared to America's wealth. Speaking on Thursday at a seminar of the Brookings Institution on the future of the World Bank,
      UPI  -  346 words
    • Article
      MINISTRY ASSURES HOLDERS OF MCIS POLICY
      166 7 THE Malaysian Ministry of Finance has assured policyholders of the Malaysian Cooperative Insurance Society Ltd (MCIS) that they should not have any doubts or apprehension over the society not honouring its obligations. In a statement issued in Kuala Lumpur, the ministry said the MCIS
      166 words
    • Article
      SHIPS IN PORT
      440 7 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Atrevida (after John Bakke) 31/32 Equator II (0700) 22 Frances Bay (0600) 23 Hakko Cardioid (1600 45A Hoko Maru (1700) 24 Nedlloyd Napier (1000) 3/4 Stioryu Maru (Tanker) (after Tomoe 103 P/O Subj. gas free) 13/14 Straits Hope (0700 21 Turkmeniya (Passenger)
      440 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      281 5 An Asian Development Bank Survey ASIAN ENERGY PROBLEMS This report represents a first step towards a more meaningful understanding of the energy situation in the Bank's 25 Developing Member Countries; Indonesia, Malaysia, Afghanistan, ,Bangladesh, Burma, Cambodia, Nepal, Pakistan, Sri Lanka, Vietnam, Cook Islands, Kiribati, Maldives, Solomon Islands, Tonga, Western Samoa,
      281 words
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  • Article
    A cover-up, literally
    417 6 OPERATION cover-up in our coffee shops is precisely that a cover-up. For whether in starched shirt and tie, Fraser and Neave teeshirt or singlet and pyjama pants, an untidy man will still be an untidy man. As we all know, beauty is only skin-deep and appearances deceive.
    417 words
  • Article
    More than just a game of football
    276 6 SINGAPOREANS are just as excited as the New Zealanders and the Chinese over tomorrow night's World Cup Soccer play-off at the National Stadium. Football, played by World Cup contenders or any other top teams, is certainly entertaining. And nothing beats watching it "live"
    276 words
  • Article, Illustration
    Lock icon Hard times for Dutch glasshouse growers
    699 6  -  HIGH INTEREST RATES AND ENERGY COSTS With 8,700 hectares under glass, the Netherlands has the largest concentration of greenhouses in the world. Flower and vegetable exports are now worth 3.5 billion florins annually. But all is not well within the Dutch horticultural industry, says
    FT  -  699 words
  • Article, Illustration
    Lock icon Bleak prospects for Brazilian economy
    764 6  -  Millions of Brazilians are without work or underemployed. The government estimates that up to 8.7 per cent of the workforce is unemployed in the six largest urban centres, regions that used to fuel the Brazilian economy and attract unemployed workers from elsewhere. MICHAEL FRASER reports.
    AP  -  764 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      515 6 TWOIH-OHE GKOSSWORD i 34 Deified? Not I! Flouted, rather (6) 35 It's dead as the dodo (8) 36 Hard, like David? (6) DOWN 1 An out-of-the-way riddle, but the answer's a bird (5) 2 Grinder's instrument? (5) 3 Sad at midnight, maybe (4) 4 They're slow in class especially (5)
      515 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      26 6 Toowy U>£ SWPkLL PK£ppft£ rrry OjJ* sec*eT ro* lf*oe*CP*4C.. > BllSto^.'F^i^cDickflQS £>OOD t**>RW\*G. Gordon BLOC 8 S6xlߣt < t ocr: f€P > w Jr < NO" < J^^"L q?ounD 5607 C-
      26 words
    • Miscellaneous
      Page 6 Miscellaneous Column 3
      249 6 m Mud! Mud! Glorious mud THIS weeh'a Satarday Nlfkt Mevle at 11 pan m Chaaael 5 will certelaly have Tie Bemt «f Pverytktag, wttb a starcut la a drama itreetod by Jeaa Negaieace aad baaed ea Beaa Jaffe's aevel ef the mm title. CaraUae Header, a ceUege gradaate deaerted by
      249 words
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  • Article, Illustration
    Lock icon Brain-teasers from Hungary
    775 7  -  By TOM HENEGHAN Reuter HUNGARY, the birthplace of the mind-boggling Rubik's Cube, has launched a toy development programme which should keep the world flooded with brain-teasers for years to come. Given the time it takes most people to solve the cube one could estimate from several months
    Reuter  -  775 words
  • Article
    Singaporeans are a lucky lot
    696 7  -  FOBOTU with WONG AI KWEI THE GRASS is not always greener on the other side of the fence but not unexpectedly, it took me two short trips over two fences to be really sure of it. First to Bangkok, then to Manila and I was
    696 words
  • Article
    Lock icon Sierra Leone's tourist bait
    597 7  -  By PATRICK VAN ROEKEGHEM AFP SIERRA LEONE is «uring diamonds to attract tourists. This compact West Coast republic, the seventh smallest African state, is the world's fifth biggest producer of diamonds. Diamonds now represent 60 per cent of the country's gross national product. At Sefadu in
    AFP  -  597 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      2992 8 .This Statement of Introduction is not a prospectus and does not constitute an invitation to subscribe for shares. No shares will be issued under the terms of this Statement of Introduction. MULTI-PURPOSE HOLDMGS BERHAD (Incorporated in Malaysia under the Companies Act, 1965) STATEMENT OF INTRODUCTION Date: 16th December, 1981 ADVISED
      2,992 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      2720 9 nary shares of $I.ooeach. The issued and fully paid-up capital of DEB is $72,000,000 consisting of 72,000,000 ordinary shares of $1.00 each. The principal activities of DEB consist of plantation development, processing and marketing of rubber, oil palm and cocoa produce. As at December 31,1980, DEB owns about 58,534 acres
      2,720 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      2633 10 13. CONTINGENT ASSETS GROUP $W0 COMPANY 1^560 Outstanding appeals for additional compensation on lands compulsorily acquired by the government 896 14. EVENTS SUBSEQUENT TO BALANCE SHEET DATE a) eSSdJoEB) 36,720,000 fd,nary Bhares of $1 each fn Dunlop Estates The company entered into an agreement on 29th September 1981 with Dunlop
      2,633 words
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  • Article
    BUSINESS DONE ON THE SES
    1721 11 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. BBCTION ONE INDUSTRIAL COMMERCIAL Aea* (3.088) (1) 3.00 AlliodCboc (2J48
    1,721 words
  • Article
    Unit trusts
    186 11 8INOAPOU UNIT ntUBT (Mi«uiir prim tar Jaa 11) The Commerce 3.30 3 47 The Savings Fund I N 2.M S pore Prof Fund 1.44 1.51 S pore Sec Fund 117 2.28 S'pore Invest Fund 1.15 121 S pore Equity Fund 1.35 142zd OUlMTRUn frtaaa tar Jaa U) Mai
    186 words
  • Article
    SHARE INFORMATION SERVICE
    2920 11 Gr't Gr*s Net 1981/1982 Last Div Div YTd P/E Vol Day High Low Coapuy Sale +or- Crr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 248 Acma 300 -4 14.5 3-2 48 10.7 I 300 300 US 115 Alcorn 115 48 28 4.1 198 350 130 Allied
    2,920 words
  • Article
    Profits decline at United Malayan Flour Mills
    428 11  -  By MAUDRENE NITHIANANDUM UNITED Malayan Flour Mills Berhad, like many other companies in the commodity industry, reported a smaller bread-faaricet for its financial year Just ended. Group pre-tax profits were down 24.7 per cent from the previous MJ2.62 million to $1.97 million, having
    428 words
  • Article
    Citysec expects buoyant market
    845 11  -  Market Talk... a round-up of viewpoints compiled by Chris Lim Chris Lim CITY Securities, the newest local broking firm, expects that the market will remain buoyant until February/ March but feels that it will be bearish beyond the first quarter as the economic future becomes more
    845 words
  • Article
    Prices drift lower in quiet trading
    891 11 IT WAS aa almost dlreettoaleas day at the Singapore stock market yesterday aa aeither balls aar bears seemed keea to lead the tread a( tradlag. Oaly selected stacks ahewed stgaiflcaat price ehaages aad market atmos phere waa geaerally qalet. So the first week af
    891 words
  • Article
    COMPANY BRIEFS
    175 11 THE STOCK Exchange of Singapore has queried Veaeer Predicts on the $37 million loan which its subsidiary Veneer Hotels Pte Ltd has secured from the Bank of China and the Development Bank of Singapore. MING Caart HstH Ltd has changed its registered office to Rooms 2 and 3,
    175 words
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  • Chief Price Changes
    • Article, Illustration
      SINGAPORE
      214 12 Rises P M Hldfi M B P Hides 540 90 900 45 G Ctrtalci 885 40 Miiu CtalNrt 340 40 Hook U«i| lad Dualop Sat Sim Lin 1300 040 390 30 30 18 F E LfTiuitoa Saiaagor Dradf 070 MO 15 15 81a Heag Ckaa 190 15 G I
      214 words
    • Article
      Lock icon Index-based options in NY
      161 12 Reuter THE board of the New York Stock Exchange has approved the trading of options contracts based on the NYSE common stock indices. The options will be traded on the Door of the exchange. Proposed rules will be submitted to the Securities and Exchange Commission later
      Reuter  -  161 words
    • Article
      Share price of YHS
      65 12 THE ex-bonus and exrights issue price of Yeo Hiap Seng Ltd as at Jan works out to $2.42 per share (based on the unadjusted price of $5.75) and not $1.95, as reported yesterday. The Development Bank of Singapore, which is paying $2.20 per share for 7.748
      65 words
  • Article
    RESULTS DUE
    425 12 Cempaay J Cement Selangor Dredg Utd Malacca H Royal Johan Hldgs San Hldgs Perth Plant Batu Kawan Duff Dev rCnll I I I F I I F F F Date iMtyeor 20/11 10/12 15/12 18/12 19/12 20/12 7/1 8A 12/1 La Net EPS (eeata) 7.7 33.0 22.1 5.9
    425 words
  • Article
    Eventful year for KLSE
    1971 12 CORPORATE 1981 will perhaps go down on record In Malaysia as one of the most eventful and innovative periods which coincided with the spectular rise and then collapse of the stock market. Catalysed by a strong economy, keen investor interest in the equity market and a
    1,971 words
  • Article
    Small rise in Rahman's profits
    307 12 POOR rubber prices appear to have eaten into the earnings of Rahman Hydraulic Tin in the second half of its financial year ended Sep 30,1981. Pre-tax profits for the first half rose 28 per cent to M 56.2 million while second half profits fell 24.2
    307 words
  • Article
    LONDON STOCKS
    799 12 LONDON, Thurs. Share prices ended selectively higher after a fairly quiet session today, dealers said. The Financial Times index closed 5.8 points at 529.5. Among the leaders, gains of between 3p and 6p were noted in Boots, John Brown, GKN, ICI, Marks and Plessey. Bowater ended a penny
    799 words
  • Article
    Lock icon Enough action for all
    738 12 mms mm™ by HOCK LOCK SIEW WHAT lies in store for the Malaysian corporate world this year? The general impression got by taiHng to merchant bankers in Kuala Lumpur is that while 1982 may not be as eventful as the year Just past, there should be
    by HOCK LOCK SIEW  -  738 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      148 12 FOUNDRY/EQUIPMENT FOR SALE Uniteero International Pte Ltd in Singapore is selling its 8 acres land (approximately 359,277 sq ft with 23 years lease left) and building* (usable space approximately 73,000 sq ft) together with its equipment either in total or partially. The equipment include the following; 1. KGYV 8 tonnes
      148 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      54 12 OUTLOOK tor Singapore today: Cloudy throughout the day with occasional showers. si h#ors prtor to 7M pm m Jaa Bat Maximum temperature 27.6 Associated humidity 84 Minimum temperature 23.0 Associated humidity v 93 Hours of sunshine 0.80 Rainfall in millimetres 6.8 Total rainfall for the month 114.8 Total rainy days
      54 words
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  • LEISURE TIMES
    • Article, Illustration
      Punishment in ancient China Punishment in ancient China
      741 13 COLLECTING LEE YOKE MENG INTERPRETS THE ILLUSTRATIONS AND EXPLANATIONS OF CHINESE PUNISHMENTS BY WILLIAM MILLER OF LONDON WHO SPENT SOME TIME IN CHINA DURING THE RULE OF EMPEROR CH'IEN LUNG A FRIEND once said I had a nasty streak in me. I
      741 words
    • Article, Illustration
      A festival to prove that opera is for everyone
      1491 13 Wa will probably navar saa tha likas off a Bayrauth or Salzburg in Singapore, but davotaaa off tha opara hava soma causa to rajoica. A Faatival of Now Garman Opara bagina naxt Thursday at tha Goatha-lnatitut Auditorium no, not Ihra parformancaa,
      1,491 words
    • Article
      Milo-Ascot squash championships
      646 14  -  By CHARMAINE CHAN THE SEMI-FINAL and final rounds of the Milo-Ascot 2nd World Junior Squash Team Championships are just around the corner, and the dates to remember are Feb 6 to 14. Singaporeans must surely look forward to seeing the final eight teams fight it out for
      646 words
    • Article
      Lock icon COE-OVETT DATES
      399 14 AFP BRITAIN'S fabulous milers Sebastian Coe and Steve Ovett, who dominated athletics in 1981 without ever running against each other, will clash in three races this year and the television revenue from just two of them could net US$l million. The Daily Mirror, quoting Coe's agent, Barry Frank,
      AFP  -  399 words
    • Article
      Films on basketball and volleyball
      163 14 FOR COACHES and enthusiasts alike, the Singapore Sports Council has scheduled three films on basketball to be screened at the National Stadium Theatrette on Jan 16. In collaboration with the International Amateur Basketball Federation, Basketball See by the Rules n attempts to give the latest
      163 words
    • Article
      Lock icon Kubala gets $21m offer
      150 14 AFP SAUDI Arabia is ready to offer one billion pesatas (about Ss2l million) to Ladislao Kubala, Spain's former national football manager, if be is prepared to manage the Saudi team few five years. A Spanish specialist magazine Don Ballon said the 54-year-old Kubala, born in Budapest
      AFP  -  150 words
    • Article
      Lock icon We can beat China, says NZ
      177 14 AFP THE NEW Zealaad W*rid Cap neeer sqsad arrived la Slagapsre yesterday ceafldeat that It eaa beat Chlaa to wta the last qaallfylag place far the Werid Cap la Spala. Ceaeh Jeha AMead ■aid the New Zeataad sqaad travels very well aad Its away-game
      AFP  -  177 words
    • Article
      Match will be shown 'live'
      173 14 THE Stagapm Broadcastlag Cerperatiea will telecast Uve* the IttZ World Cap Asla-Oceaala qaallfylag match between New TnliW and Cklu it th* Natiaaai Stadlam tomorrow ever Chaaael 8 tram 7pm. BBC Bade 1 (Eagllsh), Radle I (Malay), Radio 3 (Chinese) aid Radle 4 (Tamil) will also
      173 words
    • Article, Illustration
      IT'S MUCH SAFER TO SIT ON THE FENCE
      1239 14  -  By RONALD KOW WE OFFERED our National Stadium as neutral territory for the China-New Zealand play-off to decide the 24th and final berth for the World Cup soccer finals in Madrid later this year. So how can we start taking sides now
      1,239 words
    • Article
      LEARN TO PLAY
      82 14 THE 1982 series of learn-to-play tennis and squash courses held by the Singapore Sports Council begins on Monday. There are eight two-hour lessons for the course. It is restricted to persons above 18. The fee for squash classes is $45 and the twiceweekly sessions are either Mondays
      82 words
    • Article
      YOUR WEEKEND SPORTS
      222 14 TODAY: GOLF: Changi: The ladies will compete for the Gold Medal, the medal of medals competition, this morning. Play will be based on strokeplay over 18 holes. Sembawang: A qualifying round for the four ball best ball matchplay competition is scheduled for this morning. Keppel: The 'C
      222 words
    • Article
      Lawn Tennis Association revises by-laws
      737 14 CLUBS who have not paid their annual affiliation fee of $50 to the Singapore Lawn Tennis Association will find their entries to the 1982 Inter-Club League rejected. This was revealed in the revised league by-laws for the six-week league which is scheduled to start in
      737 words
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  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      606 14 WHAT WHERE CONCERTS THE Witlwil Theatre Symphonic Band presents Symphonic Sound X today, Bpm, at the Singapore Conference Hall. Highlight of the evening is a guest item by the top school band Crescent Girls' School Band. Programme includes Grundman's Norwegian Rhapsody, Sibelius's Finlandia, and Chattaway's Odyssey. Tickets at $5,53 and
      606 words