The Business Times, 30 January 1982

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 •SATURDAY, JANUARY IK2 60 CENTS
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  • 273 1 NYT THE Reagan Administration, in the budget to be presented to Congress on Feb 8, will project deficits of US$96 billion for the fiscal year 1962, $90 billion in 1983 and 178 billion in 1964. The string of deficits, which assumes congressional
    NYT  -  273 words
  • 181 1 FDUR more major banks announced lower lending rates to best borrowers yesterday. Development Bank of Singapore undercuts the other three major local banks United Overseas Bank, Overseas Union Bank and Oversea-Chinese Banking Corporation when it reduces its prime rate by half a percentage point
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  • 148 1 SIXTY items traded within Asean will qualify for a 7 per cent tariff cut. This is part of the continuing efforts by the five countries to increase intraAsean trade. The tariff cut, which is effective from Monday, will involve items which range from
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  • 378 1  -  By AGNES WEE SAUDI Asian Corporation (SAC), a diversified Saudi Arabian investment company, has decided to build its huge luxury floating hotel in Singapore. This 1,600-room hotel, which will cost $350 million, will be located on a 2.4-hectare site 20 metres from the shore, off
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  • 420 1  -  By CHOO AI LENG SHARES of Rothmans of Pall Mall (Malaysia) and Rothmans Industries were strongly re-rated at the stock market yesterday, causing the Straits Times Industrial Index to register a sharp gain of 26.52 points to 800.27. Except for these two counters, trading activity was generally
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  • BRIEFLY...
    • 92 1 Reuter TOKYO, Fri. Japan's trade surplus with the rest of the world rose tenfold last year. Balance of payment statistics for last year show that the visible trade surplus exploded to U5520.03 billion from $2.12 billion in 1980. The figure, a 945 per cent increase over the
      Reuter  -  92 words
    • 42 1 Reuter HONGKONG, Fri. The Hongkong Association of Banks has decided at its weekly meeting to leave interest rates unchanged. The Hongkong and Shanghai Banking Corp and Chartered Bank said they will leave their prime rates at 16 pier cent. Reuter
      Reuter  -  42 words
    • 49 1 KLANG, Fri. The government will work together with financial institutions in the country on a system to provide automatic financing for purchase of houses. Datuk Musa Hitam said today that in the proposed system the loans could be provided by banks mainly for low-cost and mediumpriced houses.
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    • 65 1 Reuter HONGKONG, Fri. Hongkong's trade deficit narrowed to HKSI.32 billion in December, 1981, from $1.51 billion in November and compared with a $1.92 billion deficit in December 1980. Total December exports rose to $11.70 billion from $10.98 billion in November and compared with $9.39 billion in December
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    • 54 1 UPI TOKYO, Fri. Japan and Britain ended four days of aviation talks here today after agreeing to maintain the present number of regular flights between the two countries. Transport Ministry officials said Japan is ready to allow Hongkongbased Cathay Pacific Airways to inaugurate a trans-Pacific service if requested
      UPI  -  54 words
    • 73 1 Reuter BEIJING, Fri. More than seven million tourists visited China last year, 1.3 million more than in 1980. No breakdown by nationality was given but the vast majority of the visitors were Chinese from Hongkong, Macao and eleswhere. China is emphasising tourism as an important source of
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    • 103 1 AP JAKARTA, Fri. The Jakarta Police Department confirmed today that a number of Indonesians have been sold as indentured servants in the United States. Colonel Sukarno, a senior officer in the department, said his department was investigating a travel bureau here in connection with the illegal business. Director-general
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  • 289 1 THE Singapore Hotel Association (SHA) is setting up an education board to develop an on-going longterm training programme for the industry. This follows an earlier move made last June when the association decided that new members should pay a $20-a-room levy as
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  • 307 1 MR C C Tan, chairman of The Straits Times Press (1975) Ltd is very soon to retire from the chairmanship of The Straits Times Press. At the AGM of The Straits Times Press (1975) Ltd yesterday. Mr Tan explained that, having
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  • 390 1 A LOCAL real estate agency will soon introduce the use of computers to match buyers and sellers, and tenants and landlords, and its agents will be trained according to an American system. This plan will come into effect in a few months'
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  • Page 1 Advertisements
    • 201 1 ~!]/"%=.+\=,:`{~?]~%('^/&]*)<)( wmz SHARES of local can manufacturer Malaya Tin Printing (MTP) will be offered for public subscription early next week. ..a Page u AMCOL Electrical Industries has disclosed the name of its new substantial shareholder following the sale of three million shares by its chairman Tan Eng Joo Page 12
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    • 201 1 Swing With A Perfect 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 eafJressly
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    • 3 1 Leader page I
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    • 137 1 T T" Leader...Page f A wilH' tlvitS worth its weight in gold. The Leasingham Bin 68 Cabernet Shiraz, winner of many awards including the prestigious 1979 Hobart Gold Medal. Bottled in 1977 from a superb blend of Cabernet Sauvignon and Shiraz grapes, this remarkable '77 vintage is an excellent Claret-style
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  • BANKING AND FINANCE
    • 753 2 NYT A POTENTIALLY explosive problem has suddenly developed in the tax treatment of gains and losses in the new Eurodollar futures contracts. Unlike other commodities futures, the Eurodollar contracts contain no provision for physical delivery of ffpods. As a result, questions have arisen about whether
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    • 811 2 Reuter A 7V« per cent coupon and par issue price were set for the World Bank's 100 million Swiss franc, maximum 10-year bond, to be floated on the Swiss capital market until Feb 2, lead manager Swiss Bank Corp said. BRIDGESTONE Tyre Co Ltd of Japan is
      Reuter  -  811 words
    • 542 2 Reuter THE Swiss franc market for Japanese convertible notes has come back to life this month, after several months' lull, but demand so far remains selective and has not kept pace with issuing activity. Selling specialists said that the present brisk issuing pace will slow
      Reuter  -  542 words
    • 333 2 Reuter LONDON commodity markets havt welcomed the government commission independent report which recommended wide reform of the self regulation fstem of British financial markets. The new London Gold Futures Market due to start trading very soon was singled out as one that could
      Reuter  -  333 words
    • 242 2 AMERICAN Express is to merge its card and travellers cheque business in South-east Asia and the Asian subcontinent. The new organisation, to be called the Consumer Financial Services Group, will continue to be headquartered in Singapore. Raymond J Paske has been appointed to head the
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    • 73 2 Reuter EUROCURRENCY bank credits fell in January to U595.07 billion from 57.23 billion in December and 18 M billion in January 1981, Morgan Guaranty Trust Co estimated. The bank estimated a rise in new international bank issues in January to $4.68 billion from December's $3 99 billion
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    • 157 2 Reuter THE Japanese Finance Ministry may allow Japanese banks to supply yen funds to the US Export-Im-port Bank and the British Export Credit and Guarantee Department for financing exports from their countries. These bodies have been asking Japan for the supply of
      Reuter  -  157 words
    • 158 2 Reuter A CONTINUATION of the volatile interest rates experienced over the last two" years must at least cause UK finance houses to que»tk» whether they can still/ offer as much as two thirds* of their lending on fixed rate terms. Finance Houses Association chairman John
      Reuter  -  158 words
    • MONEY AND EXCHANGE$
      • 445 2 TRADING was dull on the locsl foreign exchange market yesterday. Against most major currencies, the US dollar was firmly traded in the morning but eased off before closing. The US dollar opened at 2.0780 against the Singapore dollar and closed at 2.0760. *—a rmtm at pa: One month
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      • 22 2 THE tvert|e rate at which major Singapore banks are currently prepared to lead to their best customers is 11.23 per cent.
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      • 183 2 ASIAN currency deposit Interbank rates as at close on Jan 29: UIMUndMI Off.r BW 7 day* 14 5/16 141/16 1 month 14* 14* 2 months 14 ft/16 14 7/16 3 months 1411/1614 0/16 6 months 153/16*51/16 ft months 15H 15H 12 months 19H 15k NM DM /Biuiu r.i
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      • 53 2 RANGE of prt m offered by dlscount house* i on J«n 29 rVin i 1 ati t v-fvrmi^ni 1*** Call drpo* Its: ntom« CMu Bur Us S*1UM 3- month Treasury bills 2H 2» 3-month Bank bills 7* 7H 3 months CD 7H 7 6 months CD 8 7H Source:
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      • 224 2 SINGAPORE gold futures yesterday closed slightly higher between US$4.OO and $8.00 an ounce in moderate trading, on some house trade influenced by overseas buying support, dealers said. Total sales for the day was 352 lots while kerbs recorded a turnover of 69 lots, they said. February was slightly higher
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      • 42 2 Than We* New York 8.1KB 8 LIB 8 25S S.1KS Zurich 8.13B 8 1KB 8.23S |M 8_15S Singapore rn 8 1KB TVva 8.10B 8 33S 8.J5S Closing prlc *a in US dollar* a troy ounci t. Source: Credit Suisse, S'pore
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      • 302 2 THE US dollar for overnight delivery in Tokyo yesterday closed weaker at 228.45 yen after a 230.80 opening, dealers said. This was lower than its 230.85/231.00 finish both in New York and on the US West Coast overnight, and the 230.50 close in Tokyo on Thursday. Trading was an
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      • 124 2 THE US dollar in Hongkong yesterday extended its decline in active, late trading. The decline was fuelled 1 by news of Japan's Decern-" ber visible trade surplus of $2.22 billion, sharply above the 613 million November surplus. Sterling advanced to $1.8825/35 from an early 1.8755/65 and New York's 1.8725/40
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      • 59 2 THE dollar in London yesterday continued its fall against major currencies which began in the Far East, in a busy start to trading, dealers said. Opening quotes yesterday: US 1.8875/85 Can 2.2565/» Oo« 1.1961/64 D Mk -*****/ 78 D F1 4.7730/85 S Fr 3.4675/730 B FY con 74 56
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      • 51 2 RESULTS of tender held yesterday for 91-day Treas- ury bills to be issued from Feb to Feb 5: Offend: $140,000,000 Applied tar: $327,620,000. Alfctted: $140,000,000. Accepted Mda: $99.30 ap- proximately 50 per cent higher bids in full. Average rate W dtaeeut alletmeat: 2.790 per cent per4mnum V
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  • Page 2 Advertisements
    • 324 2 What will your Children become? Chemist/Analyst Doctor Laboratory Assistant Metallurgist Technician Computer Programmer Meteorologist Engineer Draughtsman Physicist Architect Designer Sociologist Accountant Young minds absorb knowledge. All the learning in Time-Life Books is the foundation upon which useful lives are built. Do you want your family to have this benefit? The
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  • TRADE AND INDUSTRY
    • 333 3 SYSTEMS designers who need to build microcomputer systems with the power and flexibility of minicomputers, can now use the high performance, 16-bit and 32-bit single board computers manufactured by Forward Technology Incorporated of Santa Clara, California. OEMs can employ the Forward "Gateway" series of single board computers
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    • 826 3 AN AUSTRALIAN company has developed a system which can help Singapore Pools and the Singapore Turf Club update their methods of drawing sweepstakes winning numbers. The system is called the Automatic Random Number Lottery Selection System and is developed by Unidata Pty Ltd of Perth. According to Unidata's
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    • 729 3 ASEAN urgently needs an in-house, semi-official autonomous investment banking group to ensure the continued economic and industrial growth and stability of its members. This is the view of Mr Robert Emerson, a Tokyo-based consultant specialising in Japanese finance and investment. Writing in the
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    • 667 3 NINE East and South-east Asian travel destinations will be featured at the Travel '82 Exhibition, to be held at World Trade CAitre on March 25-28. Hongkong, Macao, India, Indonesia, Malaysia, the Philippines, Thailand, Taiwan and Korea, through their respective national tourist organisation (NTO), will work closely to
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    • 105 3 METRO Pte Ltd has appointed Miss Juris Beber as advertising and promotions deputy manager. Miss Beber, who completed her studies in Christchurch, New Zealand ,in 1971 has been in the hotel industry (or the past 8 years. Prior to joining Metro, she was public relations and advertising
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    • 92 3 THE CI PI ELLE group of Italian leathergoods manufacturers will hold a show at the Raffles Hotel Singapore on Feb 26 and 27. Opening hours are 10.00 am to I.oopm and 2.00pm to 6.00pm daily. The show will feature some 11 Italian firms covering, a wide range
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    • 915 3 SEMINARS AND COURSES Feb 1-26: Industrial Control Module n, Singapore Technical Institute, NPB Feb 1-March 3 (Mondays and Wednesdays): Higher Productivity and Better Profit The Low Cost Way, Bukit Timah Centre, Department of Extramural Studies, NUS Feb 1-March 18 (Mondays A Thursdays): Introduction to Industrial Electronics, Bukit Timah
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  • Page 3 Advertisements
    • 92 3 Just one number to remember for two Chase branches! With our new computerised telephone system, you'll now be able to get prompt service and attention from two of our main branches by dialling one number. This is just one of the many ways, we at Chase are trying to make
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    • 99 3 Bank of America shows more interest in your Fixed Deposits. Effective 28th January 1982. 6 /op.a. for 1 month minimum deposit SSIO.OOO 7%%p.a. for 3 months minimum deposit 552.500 B*4/op.a. for 6 months minimum deposit 552.500 O p. a. for 9& 12 months minimum deposit 552.500 Singapore Branch Clifford Centre.
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  • OVERSEAS
    • 543 4 NYT IN A sign that the economic recession may be abating, the US Department of Commerce reported a modest increase last month in the index of leading indicators. The index, which signals turns in the business cycle, rose 0.6 per cent, after falling 0.2
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    • 147 4 Reuter THE Spanish government will soon begin negotiations with the Soviet Union on buying Soviet natural gas. Industry Minister Ignacio Bayon said that the government had set up a committee to negotiate the gas purchase, though be did not specify how much gas Spain will
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    • 371 4 UPI AFTER years of unsuccessful efforts to overcome trade barriers, an American sporting goods company now expects to break into the lucrative Japanese market for millions of dollars in sales. Lannom Manufacturing Co Inc, the world's largest baseball-bat manufacturer and best known as Worth Sports Co,
      UPI  -  371 words
    • 256 4 UPI THE United States ted Its third highest aaaaal trade deficit sa reesrd last year, despite aa ead sf the year lM|WTf«rt, especially la the level si all Imparts. The Ceauaeree Department reperted that the deficit far Ittl waa 18».7 fallttSl MUto? alTlorease 2
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    • 535 4 Reuter CHANCELLOR of the Exchequer Geoffrey Howe said he will not try to stimulate UK economic growth by increasing monetary demand in his 1982 budget. He told Parliament: "We shall not seek to stimulate growth by pulling the levers of monetary demand." He said the
      Reuter  -  535 words
    • 314 4 UPI PRESIDENT Reagan and other Western leaders will meet in June at the historic Palace of Versailles to discuss such divisive issues as high US interest rates and repression in Poland. The summit, announced on Thursday, will mark Mr Reagan's first
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    • 329 4 Reuter AN ANTWERP diamond dealer announced a new diamond price-fixing system on Thursday which he said would create a revolution in the world diamond market. It involves twice-daily fixings of diamond prices based on clearly defined standards, in a way which diamond dealers said has
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    • 206 4 AFP A LEADING Hongkong Industrialist has suggested a 10-point plan to the government to restore confidence in industrial investment in the colony. Cecil Chan, executive director of the Federation of Hongkong Industries, urged the government to reveiw its land policy, check inflation, and
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    • 606 4 Reuter THE OIL glut sent prices down sharply on the spot, non-contract market this week, signalling new problems for several Opec members struggling to find buyers. Rotterdam and Londoiv operators said Arabian light crude was offered Vt 50 US cents below
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    • 725 4 ARRIVALS 8erriee Local Operator Namber Tine Proa MAS MHOO 1050 BH/MYY/KCH SLA 3Q201 1030 HLP CAL CB14 1030 HLP CPA CX710 1030 HLP GIA GA960 1100 HLP SU SQ103 1115 KUL GIA GA930 1115 MES THAI TG403 1120 BKK PAL PR501 1130 MNL SU SQ191 US PEN
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    • 422 5 Reuter FORMER Kampuchean head of state. Prince Norodom Sihanouk, said yesterday he was glad that the Beijing-backed Khmer Rouge had formally rejected proposals for a loose antiVietnamese coalition although he was still prepared to form a united front with them. Prince Sihanouk added that
      Reuter  -  422 words
    • WORLD IN BRIEF
      • 494 5 Agencies THE US Securities and Exchange Commission (SEC) has repealed a rule which required independent auditors to disclose in proxy statements what other nonaudit services they performed for their clients. At the same meeting, the SEC announced it will not press for disclosure of firms' internal accounting
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    • Article, Illustration
      449 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hui Yang (0900 after Kuznica) 35/36 Jenson (0700) 22 Kota Pahlawan (0700 after Kota Jade) 8/9 Nedlloyd Madras (0600) 3/4 Nedlloyd Holland (1400) 1/ 2 Pateverett (2359) 45 Perlis (1300) 20 West PASIR PAN JANG WHARVES Bahari (after Pacific Ocean) CBS Gdns3o3
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    • 436 5 Reuter AN AMERICAN company has achieved rapid success in Japan's near-saturated life insurance market by selling an insurance plan for the country's number one killer disease cancer. Although the Japanese are already the most highly insured people in the world, the company has managed
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    • 155 5 Reuter JAPAN'S visible trade surplus widened sharply in December to U552.22 billion from a $613 million November surplus, but compared with a $2.32 billion surplus a year earlier. The finance ministry said FOB exports rose 1.4 per cent to $14.24 billion in December from a
      Reuter  -  155 words
    • 324 5 UPI GENERAL Motors Corp (GM) and the United Auto Workers (UAW) announced on Thursday night they failed to reach agreement cm contract concessions designed to save union jobs, cut company costs and bolster the slumping American car industry. "It's over," UAW president Douglas
      UPI  -  324 words
    • 278 5 Reuter CANADIAN Finance Minister, Allan Maceachen, under continuing pressure from the opposition over tax measures introduced in the budget, told parliament further changes could be made by the House of Commons. But he said that he would not announce any new changes himself. Further
      Reuter  -  278 words
    • 788 5 NYT POLAND expects to reach an agreement next month with Western banks to reschedule its large loans, but it is deeply concerned about the suspension of talks on the debt owed to Western governments. Zbigniew Karcz, head of the Polish Finance Ministry's foreign
      NYT  -  788 words
    • 263 5 Reuter TAIWAN'S Prime Minister Sun Yun-Suan cautioned against over-optimism about economic recovery this year and predicted slow growth for the Taiwanese economy for some years to come. He said signs point to economic recovery in the second half of 1982 but there is no cause for
      Reuter  -  263 words
  • Page 4 Advertisements
    • 350 4 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated
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  • Page 5 Advertisements
    • 279 5 Worldwide management experience at your fingertips. World 0^ Executive's Digest FRAUD-the inside threat I. Early-Warmng Signs of Fraud The Office 11. How to Keep Purchasing Clean Financial Executive 111. Computer Fraud and Fiction Harvard Business Review IV. What Managers Can Do About Fraud Financial Executive SwDni eroes "Managing for Success"
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  • 426 6 BUY a franchise and make a million dollars. This is probably a favourite daydreaming topic for many enterprising Singaporeans eager to make their first million before reaching thirty. And if you are shrewd enough, you can make it "big" with an overseas franchise as witnessed
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  • 295 6 SOME ideas are good for a smile, others are good business. Not many are both, so we wholeheartedly welcome the scheme to build a floating hotel off the East Coast Parkway. It will stand on four legs and there will be a ramp to take
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  • 428 6 Reflecting some 300 years of success in 1 glass making NOW, for the first time, the Finnish Glass Museum has moved into premises worthy of housing its distinguished collections. The official opening was last September. Although the museum was founded back in 1961, it is only
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  • 122 6 Riihimaen Lasi 70 years RHHIMAEN l-ACT begse la llli m a muJl wsrkThe empuy'i imml prwhret Hae la kTiTki» glass is nIM KĕtllMsl (Hmdc gl*m) aad It *1m laelades lieipeiilve 25KLS2T The BM-rwnutle K»ttZ?i%2£l&£ ®y B*»— «tyte hae keoMne wry pepalar. The eempa™™*2 vltlee, b«w- rfJWiS?SS 1 8 W reeeatly
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  • 392 6 Ittala 100 years old THE littala glassworks celebrated an Important anniversary last year glass was blown there for m 100 years. "k- The company is also as Scandinavia's leading manufacturer of household ft glass, and its products are exported to countries on all J" continents. Je The littala glassworks l(
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  • 262 6 GLASS HAS been made in the village of Nuutajarvi for almost 200 years. It makes household and art glass. The glassworks was founded by Captain Jacob Depont and secretary Harald Furuhjelm in 1793. The decision owed much to the fact that large areas of forests were available
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  • 146 6 IN THE LAOT II y«an, may mr (lm SI yean. Fipwli Mewrt br mm If per ecat a# tuMver, the aiejer expert market* Mag West Oermeay, SeaaHnvia, HeOaai, Aaatrelte eai Oreeee. HaaippUea Leal eaiptoya freelaaee ertMe te Mp tta predeete. The teetery wee eet ep by Watfcera Mertti,
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  • Page 6 Miscellaneous
    • 653 6 I -IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 A fowl sort of laugh? (6) 7 Detective's seat? (8) 8 One of those Jobs for the boys (6) 10 What a pity it contains meat (5) 13 A cover; in shape, elliptical (4) 14 Thanks to an artist, it's famous in Ireland
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    • 34 6 CnStcW :RatJcllctens RMnitonb we's >K THeec RLL FORMING PiWD MC'S S T >LL PLAVIHG iwe sp>me f>r w a cH»N>c ~fr 1 JJ ***** Tspod come fcuj* rrs V ®IR fc (cutfT-UiIULNOO Cone fMo«/
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    • 572 6 Buck Rogers goes on trial PMOiECT X ImNi a emt that wiped to irlwMnial/ k»- Ram. fceed Mi Mbvtaf ht b lr> A mkc tat* Ms H I* fa iMrTVka it to mi ah DMJDMII HI SINGAPORE 5 12.55 PM Opening foiowed by Sesame Street 1.55 The New Space Ghost
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  • 1593 7  -  Singapore can lay claim to having many French restaurants. But yet only two of the restaurants' chefs are true Frenchmen. When Dynasty Hotel opens its doors in March, chef Bernard Gouerec will be the Number Three. SALMA KHALIK examines the reasons behind this paucity of authentic French
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  • 680 7  -  By GEOFFREY CHARLISH WITH the introduction of three new products on which some US$l5 million has been spent in development in the US and UK, NCR is making a new push in the hotel computing systems market. The most impressive of the products is
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  • Page 7 Advertisements
    • 523 7 W>. W, Ev R J v>««J» <*> m "U Vv. WL^, kji »5 LITTLE HOUSE ON THE PRAIRIE STORIES GIFT SET Laura Ingalls Wilder The Little House on the Prairie Stories have become one of the best-loved and most often re-read tales for children all over the world. Now available
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 172 8 JAN 2B FU ♦A ABN 284 00 •1 Ahold 80 50 Ak»o aa jo unch AMBV 83 00 unch Atnfaj 74 00 unch Amrobnk SO 00 -1 Berfoas Berk IZ. ZI ar.3c unch BoIj 58 30 -15 BoraumU 90 00 <•2.8 Burhmann 40 00 05 Caland 36-50 1.7 CUre
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      • 252 8 JAN 28 Ft* CORBE1LLE Alr-Llquide 8 8 N Dentals Danone C8f I Thomson Cat) Cte Francalae de» Petrole* Compagnie Ftninclere Compa<nle Generate 457.50 1336 222.50 128.50 05 15 -3 -u Credit Fonder De France Hachette (Llbralrte) Machines Bull Mlchelln (B) Parlbas 320.10 412 31 56 727 +0.1 10 -Oil
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      • 92 8 JAN 28 FYs FORWARD MARKET Acec Arbed Astur Braacan Bni-Unti Canpac Cock D* Beer* Ebea Elrctrotwt Ob-lnno-Bm Q*» Hobok Petro Rj\ Dutch Sldro Soe CJ«n Bcl( Soflna Sainj a Tanks U Mtn V Moot 364 1080 412 850 -I 1330 158 28a 1815 3880 2525 1100 2650 4510 1438
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      • 227 8 JAN M Dm AefTeietunken 44.00 unch A kta 23 to All* Leben i too at 4 15 4- All* Vera OB 00 BASF ***** -I J Bay H T Wbank ***** -2 Ba> Vbank m id n a Bayer lisaoB BBC 214 90 19 BMW 192J0 IA Caaaella Chem
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      • 185 8 jan a francs Action* Suisse* MO -A Alusuisse Br 006 -20 Alusulsar Rm 235 Brown Bo*erl Br 1015 -15 CI (ml G*i*y Br 1220 -35 aba Oekgf P C KB -25 Ctt* Oelfj Ret M2 -1 CrwJll Suisse Br 1060 -20 Credit Suisse Ret Ml -2 Elektrowmtt Br 2206
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      • 102 8 Jan 2S lir MB *3 Bel 38» unch Onu*l* Ort MM 1» Cond Acqu» Roma 103 unch Eruianu ***** -SO Ort M15 GerveraJI I44&2S -1425 Qlm 2W -4 HI Prl» 32)0 if 7* «""■>» I talc* menu Ort ***** B itai<u tM «3 Leprtlt Ort 33SOO -400 Mediobanca «MOO
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    • 214 8 jan a CS AMUbf Air&il Alfom> (tenk Mont Buil Novm Scotia 21 34 «1«» 23-. 23 unch 1 t» unch Bell Tel Brui Corp BP Can Lid Brucui CMip R«J I.a*e Cui Imp Bk Cknpac Ca/ipac In* Pf Ctrllng OKeefe Comlnco Cons Btth Com Marbenor Dantoe Denlaon 1* 28
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    • 285 8 JAN Rand INDUSTRIALS ♦A A Alpha aoos Abercom «lj AE And CI 880 AUK. i»» unch -2 5 Barlow* CJ Sufv CNA IG20 1725 unch 25 n* Currle Finance no unch De Bern Eacon K4(«r< r»» ready Ind 900 mo unch unch r»d Volt 510 unch PllfU 280 Ocmuui
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  • Page 8 Advertisements
    • 272 8 Where to wine, dine and entertain Don't leave home without It. To apply for the American Express Card Ca11:*****33 v-;-- rmnu/en&vujSpecial bimduon The true Singapore flavour—onlySB* Our popular Nonya Buffet Luncheon at a special price. Lunn COFFEE HOUSE 12 noon to 2.30 pm. :nd Floor x 2 price on lon
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    • 131 8 r t*IL JAPANESE RESTAURANT Iffl For sushi. For teppanyakir For other authentically Japanese delights. Open daily 12 noon 3pm 6 30p.m. 10 30p m For reservations ,j. call *****77 j||^(S) (oi i(lli*\ I'jn-k SI h 'I'j il< >i i• Si iij» ji| m >r« Nassim Hill, Singapore 1025. Tel *****77
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    • 147 8 TIVE Continents RESTALRANf Before you fly 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 Dinner 7pm 11 pm Por reservations phone *****20/1
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    • 188 8 When you dine, dine Cantonese. .J£i If pleasing your palate is achieved onlv bv eatinj? the t>est. then dine Cantonese at The Inn of Happiness for the liest Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to
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    • 207 8 H IMJUV I CHINESE NEW YEAR with our selection of 18 good-luck dishes. Yue Sheng (Raw Fish) Pig Trorters with Black Moss "WINDFALL EVERYWHERE" Braised Abaione with Black Moss "PROSPERITY GUARANTEED" Stuffed Mushrooms with Mashed Shrimps "HANDFULOF GOLD" Sweet Sour Meat Bells "SOURCES OF WEALTH FROM BOTH SIDES" Green Vegetable
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  • RAW MATERIALS
    • 174 9 CHINESE Prttew Exckaage, Stagapere, mm eJaafsg price* per 1M kg yesterday. CMMit ail: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Cepra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $365.00 sellers, Sarawak white pepper
      174 words
    • 239 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.05, 100 per cent third class 1.03, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.70, Special
      239 words
    • 78 9 THE STRAITS tin price In Penang yesterday fell Si cents to M$35.M a kilo, still In the ITA upper sector ef $34.18 and $37.89. Yesterday's fall was mainly attributed to Influential buyer support at a lower level and London's overnight easiness also contributed to tbe trend. Overseas interest
      78 words
    • 32 9 Rubber Jon 20 Singapore: Feb: 182.60 cents (up one cent) Malaysia: Feb: 207.50 cents (unchanged) Tin: M 535.00 per kilo (down 50 cents) Official offering: 180 tonnes (up 90 tonnes)
      32 words
    • 1097 9 NEW YORK STOCKS STOCKS IN New York on Thursday closed sharply higher in heavy trading as the Dow Jones industrial average scored its biggest one-day gain since March. It surged over 21 points, its best gain since March 12 when the average rose 22.15 points. Volume surged
      1,097 words
    • 236 9 RUBBER prices in Singapore yesterday closed slightly higher with February One RSS buyers quoted at 182.50 cents per kilo, up one cent from Thursday's close. Morning prices were marked up slightly on higher London market advices and thereafter held quietly steady. The afternoon session was very quiet and unchanged
      236 words
    • 339 9 RAS price* In cent* per klio yesterday: (per kilo) Buyers Sellers Int. I R.S.S. prompt f.o.b. 181.00 182 OON Int. 1 R.S.S February 113.00 183 SO Int. 1 R.S.S Muck 106.00 1*7 00 Int. 2 R.S.S. 100.00 170 OON UK/Coat 1(7.00 *****N Int. 3 R.S.S 1M.00 116 OON
      339 words
    • 63 9 NOON 88R and SMR pncm r~*nU r MAa r»W**lTr Htrtk MUl (Forward MU) «2S M too I6 I«J«N irM ,TB r^ SSR 50 (l-too pallat) 162.50 1S4 SON 144 50 1M.60N MUU F«fcr*ary Marck fJ2 JJ'IS CS2! i!*S° l9um lMM imjcN HI S3S 1SS! as K® HI'
      63 words
    • 216 9 SOYBEAN futures in Chicago on Thursday broke late on rumours that Brazilian soy crop areas were currently receiving rain, and settled with SV« to one US cent a bushel losses. However, some traders with Brazilian contacts said the rain was scattered and only in the southern-most parts of Rio
      216 words
    • 141 9 WHEAT future» in Chicago on Thursday closed on bottom of a 7tt US cent range, down 4Vi to IV4 cents a bushel in revived trade. Prices received spillover weakness from the late retreat in soybeans, on rumours of rain in Brazilian and Argentine crop areas. Nearby* continued to lose
      141 words
    • 870 9 COFFEE: Robusta coffee futures yesterday ended the morning steadier in busy trading, £11 to £5 a tonne above Thursday's close in active traded positions. Dealers said after a quiet slightly easier opening in line with Thursday's weaker New York market buying by one trade house in particular pushed
      870 words
    • 145 9 THE Kuala Lumpur crude palm oil market yesterday closed higher in moderate trading on covering for nearby positions, dealers said. In February, south rose Mss to $952.50 a tonne and central $15 to $954. In March, south firmed $22.50 to $955 from last week. The refined market was
      145 words
    • 764 9 ENCOURAGED by the tremendous benefits Malaysia is reaping from its oil palm development, Thailand has been stepping up its own development in this lucrative plantation crop. Currently, the oil palm industry in that country is facing many problems lack of expertise, low
      764 words
    • 502 9 AFP THE JAPANESE government is in the ironic position of holding a multi-million tonne rice "mountain" in a world which suffers from widespread hunger. The "mountain" has grown slowly and inexorably because the farmers have been paid a state subsidy to grow rice ever
      AFP  -  502 words
    • 161 9 Reuter JAPANESE oilseed crushings in December fell to 496,687 tonnes from 509,273 in November but were up from 479,924 in the same month of 1980, bringing the 12-month cumulative total to 5.48 million tonnes against 5.56 million a year earlier. Oilseed stocks in the hands of crushers
      Reuter  -  161 words
  • Page 9 Advertisements
    • 14 9 For the choice of spicy Indonesian deticacies dine at. 1 n J?U m MiLl
      14 words
    • 248 9 Philips' ILLUSTRATED ATLAS 1 THE WORLD What makes PHILIPS' ILL USTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? Ll i St M V A to Limited copies: POST TOD A Y for your copy PHILIPS' ILLUSTRATED-ATLAS combines maps, illustrations and text in
      248 words

  • 1382 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 COMMERCIAL Acma (2.858) (2)
    1,382 words
  • 192 10 ■NGAFOU UNTT TVUCT DIAMOND MOT ■TOW I The Commerce hrN 3.11 H) 3.27 vtess tar Fat I) The Savings Fund 1.® LS S'poreFd (USI) 0 78 o.e S pore Prog Fund 1* 1 43 S i S pore Sec. Fund S'pcre Invest Fund 204 Lll 2.14 1.17 (Jan)
    192 words
  • 2870 10 Gr*« Gr't Net 1081/1982 Compaay Lut Dlv Dlv ITM P/E Vol Day High Low Sale +©r- Ctt (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 248 Acma 285 1 14.5 33 5.0 10.2 2 285 285 115 115 Alcom 115 4.8 2.0 4.1 198 350 130 Allied
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  • 1615 10 BID and offer prices officially t listed and business in and re- ported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares I traded shown in bracket* in lots of 1,000 units, unless otherwise specified. DfDUmiAU (3.528) Aiwa (IJSB 1.375) (4) 1.3» (1) 1.37
    1,615 words
  • 174 10 RALEIGH Cycle* (Malaysia) Berfcad: EOGM to be held at Jaian Perbadanan 3/ 5 Shah Alam Industrial Estate, Selangor, Malaysia on Feb 3 at noon. BATU Kawaa Berfcad: AGM to be held at Ladang Pinji, Lahat, Perak on Feb 5. DUFF Develtpineit Berfcad: AGM to be held at Ladang
    174 words
  • 792 10 ALL atteattoa wu fecaaed •n «M stock yesterday. Or mere eerreetly, the birth at twe itocki fram mm. The Rethmaas greap, previeasly listed u a caroCslte eatlty eeotreUlag th Ike Btagapere end Malaysiaa aperattoas, wu spill late twe separate gresps Betkmaaa (Malaysia) te
    792 words
  • 578 10 IMPROVED sentiment returned to the Kuala Lumpur Stock Exchange yesterday, lifting prices on a fairly wide front. Turnover rose to 3.40 million units worth M 514.23 million, compared with 3.09 million units valued at 511.75 million on Thursday. Interest was good right from the morning after
    578 words

  • COMPANY NEWS
    • 306 11 FT LONDON stockbroker Carr, Sebag is to offer its overseas partners a larger equity stake in W I Carr Overseas, the subsidiary which handles the firm's profitable Far Eastern business. The firm's London partnership will be reducing its 80 per cent control in a
      FT  -  306 words
    • 289 11 FT ANOTHER clampdown on the ability of companies to take over other firms in a matter of hours on the London stock market has been announced by the Council for the Securities Industry, the City's main self-regula-tory agency. The council ruled that a company seeking to make
      FT  -  289 words
    • 175 11 EARNINGS at Glenealy Plantations (Malaya) Berhad, an investment holding company, fell by 3.56 per cent to 1160,050 in the six months to Dec 31, 1981. This compares with a 21 per cent downturn to $165,957 in the previous interim period to Dec 31,1980. For the six months
      175 words
    • 414 11 Carreat Ex Seeks Dale Trial fer Tetelier Paymeat Date CleM PayaMe tee year Preview Ayer Meiek 30%(q) Feb 3 Feb 15 Feb 26 30% 30% Bate bwu 15% Feb 8 Feb 18 Feb 27 20% 20% Berjaya Etmt ccV™ 1 4%TEI Mar 3 Mar 15 Apr 5 4%TE
      414 words
    • 310 11 FT UK INSURANCE companies, pensions funds and other big institutional investors sharply lowered their purchases of overseas shares and returned as buyers to the London equity market in the third quarter last year, according to official figures published recently. Slackened overseas activity coincided
      FT  -  310 words
    • 793 11 LONDON, Thurs. Equities remained mixed but UK government bonds rallied to close as much as Vi points higher. The Financial Times Index closed 4.9 points higher at 573.8. Banks were weak with Midland down 7p to 343 and Bank of Scotland lOp lower to 472. Allied Irish and
      793 words
    • 1255 11  - Malaysianisation plan of H C hits snags The long-awaited plan of Harrisons and Crosfield to Malaysianise its operations in Malaysia has yet to see the light of day. In the first instalment of a two-part article, DAVID CHOW examines the pivotal role played by Harrisons Malaysian Estates within the group
      1,255 words
  • ASIAN STOCKS
    • 188 11 HONGKONG STOCKS IN Hongkong yesterday closed higher mainly backed by the overnight rise on Wall Street, brokers said. Trading was limited with most traders taking a prolonged Lunar New Year holi- day, but there was scattered selective buying. The Hang Seng index advanced 19.12 to 1,417.42 points
      188 words
    • 184 11 THE main Sydney market indicator, the All-Ordinaries index was 5.7 points higher yesterday at 548.9. The metals index rose 10.9 to 391.9 while the industrial measure put on 3.5 points to 692.4. JAM m On to INDUSTRIALS A- C. 1 JJ7 -J ML m f r
      184 words
    • 310 11 SHARE prices in ToKyo yesterday closed higher. The market average gained 14.97 to close at 7,918.82 in fairly active trading with a volume of 400 million shares. The Tokyo stock exchange index added 0.60 to 581.76. jam m \lnomoto lakl Ctiem «ahl Otea Ttn m ni
      310 words
    • 55 11 jam a Mb Ajta run •gffiL!" Buckok Of Ajudhay* ■•HI Juck.r Chtnooi TIMU Win H« Truat Induatrtal Ftnan Cm Corp 72 «2J5 4JB 108 unch OoonMlcs International Tr»K And m tab* Stem Union ifo j 2j~nt 147 unch Cam* nt m -3 South Art* ribra Thai Dana Bank United
      55 words
    • 75 11 jam a Pm Am* Mining Atlu Hmi A J01S oncb AUu Con. BMtulo OoM tap* Ceo. Bp Goodrich u jOOI MO 0J -ouoon -u uncb CDCP ssarr 8 1075 d in 0 005 u^ch Oriental B sm unch PhlJ Oerseei 0329 -0.0008 mot* A Phlkx B 1575 j>mwi PtOQMr
      75 words
    • 52 11 FINANCIAL TIMES INDUSTRIALS Thursday 573.8 Wednesday 508.9 Week Ago 559.1 DOW JONES AVERAGE INDUSTRIALS Thursday .'864.25 Wednesday 842.86 Week A to 848.27 H.K.HANG SENG Friday 1417.42 Thursday 1398.30 Week Ago 1405.23 AUSTRALIAN INDUSTRIALS Friday 092 4 Thursday 888.9 Week Ago 693.5 ALL ORDINARIES Friday 548.9 Thursday 543.2 Week
      52 words
  • Page 11 Advertisements
    • 284 11 An Asian Development Bank Survey luinii 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,
      284 words

  • Chief Price Changes
    • 151 12 Rises Indices Spore Laid 1000 30 Jan 28 Jan 29 General Corp 515 28 Taaek Cement 580 20 BT Indicator: *****3 *****6 Keppel Ship OCBC D B 8 570 1170 845 +15 10 10 Industrials: 773.75 Finance: 1770.53 800.27 1767.13 Island Pen 800 M Hotels: 1178.32 1180.50 Sea View
      151 words
    • Article, Illustration
      160 12 SHARE prices were mainly steady yesterday bat trading was qaiet. The listings sf Rethmans (Malaysia) and Roth mans Industries were the main prints sf interest The Straits Times Industrial Index rsse 21.52 paints te 8H.21 an the strength sf the twe Rethmans shares. The Business Times Indicator elimbed
      160 words
  • 196 12 PALMCO has signed a contract with the Singaporebased Pacific Hotels International (PHI) to manage the business operations of its newly-acquired Casuarina Beach Hotel. Datuk Robert Chan said PHI was selected from among a list of top international hotel management companies. He added that a team
    196 words
  • 671 12 THERE has been a general drop in the selling prices of residential properties in Peninsular Malaysia. Real estate agents there said prices have dropped between 10 and 15 per cent because of the tight liquidity situation. Double-storey link houses, which cost between
    671 words
  • 301 12 AMCOL Electrical Industries yesterday disclosed the name «I lis new nhatutial shareholder following the ■ale sf three million share* by Its chairman Tan Eng Joe. la reply to a query from the Stock Exchange of Singapore, Amcol said Mr Taa sold three milllea shares at
    301 words
  • 620 12  -  ISSUE WILL BE SMALL SHBIH Companies Editor: Mano Sabnani By CHRIS LIM SHARES of local can manufacturer, Malaya Tin Printing (MTP), will be offered for public subscription early next week. The company's managing director, Mr Ong Chye Khoon, confirmed that it received approval from
    620 words
  • 541 12 COMPARED with Hongkong, Singapore is likely to achieve greater economic success as her people put their "single-minded determination" to work. This is the view of London stockbroker, Phillips and Drew. In its latest issue of Market Review, it thinks that "there are probpbly more
    541 words
  • 453 12 MALAYSIAN Resources Corporation Bhd has hit the acquisition trail again with the takeover of two more property companies. The company yesterday announced that agreement in principle had been reached for the proposed purchase of Bitar Enterprises Sdn Bhd and Seng Kong Development Sdn Bhd
    453 words
  • 109 12 GULA Permk DM reparted a pre-tax tea M MSUS,«M far the ali mwlh eaM Sep (filiit I I••• af $IJB mllllea prevtoaaly. Saiea ravMH dartag tola p«M reae traa $4.1 mlliSM to tU mllllea. Par toe perM April 1 to Nav mi, Gala Permk toearred a pre tot
    109 words
  • 871 12 yam mm*** by HOCK LOCK SIEW RALEIGH Cycles looks like it is taking a sharp turn in its diversification trip with its recently stated intention to go into property development. For a while, it had appeared that Raleigh had no intention of diversifying from its traditional field
    by HOCK LOCK SIEW  -  871 words
  • Page 12 Advertisements
    • 319 12 and give yourself and your fam the Britannica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can Especially the tools for success (That s what a parent s love and responsibility are an about.) Certainly there's no
      319 words
  • Page 12 Miscellaneous
    • 62 12 OUTLOOK for Singapore today: Partly cloudy and windy, showers in a few areas in afternoon. Report for 24 hours prior to 7.31 pm on Jan 29 at the airport: Maximum temperature 31.7 Associated humidity 55 Minimum temperature 23.6 Associated humidity 90 Hours of sunshine 10.55 Rainfall in millimetres Nil Total
      62 words

  • LEISURE TIMES
    • 332 13  -  By WONG AI KWEI THE PHILIPPINES k a beaattfal Mutry, la eptte af Metrapetttaa Muilt tad the toet that aa ivtneu vtadtar ■•finally haa la step there first. The sprawttag dty hai ▼ery "My aarf very large department sterea (Sheemart la Makatl, far euopto, to Me riagie
      332 words
    • 469 13 LUCAP, Al&mlnos is about (our hours from Metro Manila and the distance, short as it may be, maW-of such a lot of difference. The air is different (fresher in Lucap), so are the sights and the people. And most of all, the open sea looks more serene and
      469 words
    • 452 13 DESTIIATIOI DURING the summer, the weather in Baguio is said to be lovely with plenty of sunshine and cool breezes. In December (or winter, as the Filipinos call it), it is slightly chilly and is still an enjoyable place to visit. Mornings are nicest in Baguio.
      452 words
    • 291 13 "PEOPLE say stained glass is just for churches, but that's not true," declares Charles Clark. For instance, the picture above shows a window not from a church but a Riyadh palace. Mr Clark is the owner and managing director of Goddard and Gibbs Studios in the inner
      291 words
    • 455 13  -  WEEIEID GOURMET T. PHADOEMCHIT SCURRYING about the m&xe of tables, with both top and bottom rows of shining white teeth smiling at us, the captain at the Troika Restaurant speedily gave us a table near the large glass panes. It afforded us a truly panoramic view of the
      455 words
    • 55 13 Stamp collectors can look forward to potting a princess away In their albums. V Princess Diana of Wales tarns 21 > on July 1. And to commemorate the occasion, a Commonwealth stamp for the exclusive use of the Crown Agents will be issued. It features a
      55 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 417 13 WHAT WHERE NEW YEAR JOY THE Singapore Tourist 'Promotion Board is ushering in the New Year with an elaborate promotion at the SlMgapre Handicraft Centre Highlights include displays by dogs from the SAF Provost Unit, li<yi and dragon dances and performances by local dance groups. Till Feb 8. A Chinese
      417 words

  • 884 14  -  By CHARMAINE CHAN THE NATIONAL Physical Fitness Award (Napfa) Scheme, to be launched this afternoon by Health Minister Mr Goh Chok Tong will aim to complement, supplement or replace in part or whole, the existing physical fitness test batteries of organisations in Singapore. Napfa, consisting
    884 words
  • 361 14  -  By HYPERION TOMORROW'S first race shouldn't be too tough for Sam Ho, who comes to the 114,000 Bromhedia Handicap with everything the form punter could ask for stacks of experience and the confidence that comes of not knowing what it feels like to be out of the
    361 words
  • 367 14 WHAT'S in a name? Plenty, in my view that's why I go for Ace of Aces in tomorrow's fourth race. An old favourite, he is due for a first place about now. Certainly the distance looks just right for him. .ommixm FOUR HUNDRED Women bowlers will compete for
    367 words
  • 301 14 TODAY: GOLF: Jurong: It's time for the Luna Trophy competition once again and this strokeplay competition will be held in the afternoon. Warren: The Men's Captain Team faces the Lady Captain's Team in a competition to be held in the afternoon. Sembawang: Planned for this morning is
    301 words
  • 110 14 AP MARIO SIODINA of the Philippines will have to play his very best golf if he hopes to retain top honours in the M 530,000 Dunlop Masters Golf Open Championships in Kuala Lumpur, March 16-20. Dunlop Malaysian Industries sports manager Yew Cheng Hoo said
    AP  -  110 words
  • 851 14  -  By RONALD KOW DON'T LET Keevin Keegan hear about this but since he cannot make it, the Football Association of Selangor have gone across the South China Sea to look for substitutes. Fandi Ahmad and Soh Chin Aun would probably have known by now so it
    851 words
  • 1246 14 NYT FOR THE players, it will mean ma* money. For the officials, there will be more headaches. For the public, the 1982 men's professional tennis circuit will be more confusing than ever, with conflicting tournaments and even conflicting computers. The problem stems from rival circuits
    NYT  -  1,246 words