The Business Times, 27 March 1982

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MARCH 27, 1982 fiO TFNTS
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  • 461 1 THREE major cement manufacturers in Singapore have denied allegations that they are dumping cement in Johore. The three, Singapore Cement, Ssangyong Cement, and Asia Cement were reacting to a recent report that they were selling cement in Johore at prices well below the ex-works
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  • 138 1 Reuter THE sixth council meeting of the Asean Federation of the Textile Industries (Aftex) in Manila yesterday adopted a common strategy against protectionist policies of the EEC. Conference chairman Phongsak Assakul said Thailand, Indonesia, Malaysia, Singapore and the Philippines would push for the exclusion
    Reuter  -  138 words
  • 578 1  -  By MANO SABNANI, Companies Editor THE SMALL and attractively priced public share offer to be launched on Monday by Transmarco Ltd is likely to be well received, in spite of the current dull stock market conditions. Transmarco, a 67.1 per cent subsidiary of publicly
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  • 479 1  -  By WONG SOUK YEE BANKS in China have reemerged as a major force in the country's economy as they are now a main source of funds for projects. But in lending funds, the banks do not look for tangible security as a basis for
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  • 322 1 THE Development Bank of Singapore, along with 35 international banks, has signed a US$l.25 billion loan to finance a power station in New South Wales. The debt flnanring was finalised in London earlier this week when a DBS representative based there joined
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  • BRIEFLY...
    • 70 1 THE Development Bank of Singapore will raise its prime lending rates by 0.25 percentage points to 9.75 per cent from Monday. Among the latest banks to increase rates was the Chartered Bank, which raised its rate to 10 per cent yesterday from 9.75 per cent. The
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    • 80 1 Reuter SWEDEN'S King Carl Gustaf and Princess Christina arrived here today for a two-day goodwill visit accompanied by Industry Minister Nils Asling and Undersecretary of Foreign Affairs Lief Liefland. The King and his sister have no official engagements except a lunch with Singapore President Devan Nair and
      Reuter  -  80 words
    • 76 1 Reuter TOKYO, Fri. Export contracts concluded by 13 major Japanese trading houses rose 11.8 per cent in February to 1,262 billion yen from 1,129 billion in January and were up 13.8 per cent from 1,109 billion a year earlier. The Japan Foreign Trade Council said import contracts in
      Reuter  -  76 words
    • 107 1 AFP TAIPEI, Fri. Taiwan is to decide before the end of the month which foreign companies will get the contract for building its fourth nuclear power plant. Mr Lan Cheng, vice president of the Taiwan Power Company, said: "Politics will play no part in the decision." Mr
      AFP  -  107 words
    • 70 1 Reuter MANILA, Fri. The European Chamber of Commerce in the Philippines has expressed alarm over the increasing number of strikes in the country and the defiance shown by labour unions of back-to-work orders issued by the Labour Ministry. Industry Ministry officials said the chamber sent a cable voicing
      Reuter  -  70 words
    • 67 1 Reuter STRASBOURG (FRANCE), Fri. The European Parliament today voted in favour of a 14 per cent price rise for the EEC's eight million farmers. The vote represented a sharp rebuff for the EEC commission's proposals for a 9 per cent average price rise and will give a boost
      Reuter  -  67 words
    • 51 1 Reuter SEOUL, Fri. South Korea will set up a new investment trust company by June with a capital of 15 billion to 20 billion won, the Finance Ministry said. The move, bringing to three, the number of such firms, is aimed at vitalising the country's security market. Security
      Reuter  -  51 words
  • 281 1 THE Mtpat af plastic prwt■«ts, which hu ken grewsteadily la (he put ieet* 0M Sum ia IMS omdPi*4 with abaat UN mIJUm la ISM. nil la Ike srejectlM af Dr Uh Wea Bm, bead «I Ike chemical aaaiysls ud ©easaltaaey secttea sf Ike
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  • 545 1  -  By SALMA KHALIK THE Housing and Development (Amendment) Bill 1982 was passed in Parliament yesterday, transferring the estates of the Housing and Urban Development Company and the Jurong Town Corporation to the HDB. Minister for National Development Teh Cheang Wan said the name HUDC
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  • Page 1 Advertisements
    • 236 1 Bookshops raixr: TETRA Pak Pacific, a producer of aseptic packages for non-carbonated drinks, expects a turnover of $200 million this year Page 3 INDONESIA will try to preserve its present level of oil exports while at the same time complying with the newlyagreed Opec production cuts Page 4 FRANCE has
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    • 140 1 r i J I You've got to be good to play MacGregor The MacGregor 693. Classic woods with the rounded flowing face and high crown. Made famous in the '40s and '50s as a model club on the MacGregor Tommy Armour. Now styled and crafted in the traditional excellence of
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    • 83 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) STANLEY LEAS INGHAM At the Clare- Leasingham Valley, nature conspires with man to produce a vintage. Rich grape juice left to mature and maqically transforms into wine that's mellow and smooth to IasUSTANLEY LEASINGHAM 1980 RIESLING
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  • BANKING AND FINANCE
    • 407 2  -  By BERNADETTE CHOOI IN SETTING up a financial futures market here, Singapore has the advantage of looking towards the well-estab-lished Chicago market and seeing the formation of one in London. Mr Roger Lawson, who leads the working party studying the setting up of the financial
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    • 262 2 Reuter SAUDI ARABIA has agreed to lend the World Bank US$BOO million in 1982, Finance Minister Mohammed Abal-Khail said. Part of the deal, arranged during a visit to Riyadh last year by World Bank president Tom Clausen, had been signed and the balance will
      Reuter  -  262 words
    • 669 2 TWO Canadian banks have arranged a standby credit of US$l billion for Shell Canada. Senior vice president Donald Taylor said the credit gives Shell Canada some flexibility in its plans for external financing this year. NIPPON Amazon Aluminium (Nalco) has signed an agreement to lend 31 billion
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    • 265 2 Reuter JAPAN sheald umucc a piaa to epea aa effshere haaklag eeatre before the Paris sammlt to meet everseas criticism at the cleeed aatare ef Japaaeae service ladastriea, Takashl Hssaml, farmer vtee-aiialster ef Oaaaee far lateraattoaal affairs, saM. Heseml chairs aa effshare ha Hag sarvey
      Reuter  -  265 words
    • 412 2 THE GOLD market is still fundamentally weak and could fall to US$3OO an ounce or less this year, analysts and dealers said. Despite a rally over the past week of some {15 from a Vh year low of 1312, most market observers believe gold has yet
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    • 106 2 THE WEST GERMAN government has increased the amount of credit guarantees available to German companies involved in the production of the European Airbus to 4.10 billion Deutsche marks from 2.85 billion, the economics ministry said. Additional repayable grants worth 165 million marks, to keep the Airbus
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    • 342 2 A PERSONAL envoy of Japanese Prime Minister Zenko Suzuki said the yen is currently undervalued against the dollar because of high US interest rates. "We think high interest rates in the US are having a bad influence on the exchange rate. A rate of 200
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    • 242 2 JAPAN'S Finance Ministry has been taking steps to restrain capital outflow to prevent a further depreciation of the yen against the US dollar. The Finance Ministry told leading securities firms the ceiling for the issue of samurai bonds, raised to 70 billion yen a month from this
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    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.88 per cent.
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      • 186 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 26: Closing Asian dollar certificates of deposit for prime names on Mar 26: 7 days 1 month 2 months 3 months 0 months 9 months 12 months US Doilar«<8fM) Offer Bid 14* 14* 153/10 151/10 15* 15* 15
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      • 45 2 RANGE of prices offered by discount houses on Mar 21: Overnight: 3Vi% Call deposit*: 3% to 3"4% Cfcsiag Bajriaf SWlimj 3-month Treasury bills 3H 3* 3-month Bank bills 97/18 95/18 3 months CO 8* 8*4 8 months CD 8* 8* Searee: Nidiaai Waei—t Oa.
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      • 113 2 STERLING feu back along with other currencies as the dollar continued to strengthen in early trading in London yesterday. Having survived falling UK interest rates and a substantial cut in the North Sea oil price, the pound was at last forced below $1.80 for more than a few hours
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      • 442 2 THE US dollar rose strongly in hectic trading on the foreign exchange market yesterday on anticipation that the US weekly money supply will show another big Jump. The US unit opened at 552.1280/90 against the local currency. Dealers said trading was narrow, between the range of 552.1280 and
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      • 176 2 THE dollar (or overnight delivery in Tokyo yesterday closed firmer at 246.55 yen against its 245.30 opening and 245.00/15 close in New York overnight. This was also higher than the 243.90 finish in Tokyo on Thursday. Trading was moderate with a volume of $1.45 trillion. The dollar touched an
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      • 131 2 THE US dollar in Hongkong yesterday gained substantially to 246.60/75 yen from an early 245.10/30 and advanced against other major currencies in sympathy. It had closed at 245.00/15 yen in New York and 243.70/ 85 in Hongkong on Thursday. Sterling drifted lower to $1.7913/23 from an early 1.7930/40 and
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      • 254 2 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in light trading, dealers said. Prices were marked down between US$6 to $8 an ounce at the outset following the metal's weakness in New York overnight. Thereafter the market held steady during the morning's trading before falling further
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      • 33 2 New York 7.07B 7.27B 7.MS 7.34S Zurich 7 06B 1.7TB 7.15S 7.37S FH Than Singapore 7.Q5B 7.25B 7.15S 7.35S Closing prices in US dollars a troy ounc e. Credit SdMt, B'ptft.
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 29 to April 2: Offered: $130,000,000 Applied for: $174,500,000. Allotted: $130,000,000. Accepted Mds: $99.16 approximately 74 per cent higher bids in full. Average rate d dlse*ut m aUetmeat: 3.325 per cent per annum.
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  • Page 2 Advertisements
    • 85 2 Higher rates of interest for your deposits at Chase Manhattan Bank Rates effective March 26 subject to change without notice All deposits are renewed automatically upon maturity, covering both principal and interest, for same tenor, at the interest rates prevailing at the time of renewal Your money earns interest all
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    • 247 2 Philips' ILLUSTRATED up* 1 \N*. Limited copies! POST TO DA Y for your copy V \ivuawivvv> THE WORLD What makes PHILIPS' ILL USTRA TED A TLAS OF THE WORLD the most comprehensive, accurate and modern atlas now available? PHILIPS' ILLUSTRATED ATLAS combines maps, illustrations and text in a reference book
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  • TRADE AND INDUSTRY
    • 316 3 PORT facilities in China are expected to remain primitive for some time despite growing traffic on its waterways. By 1985, the three major coal loading facilities at Qinhuangdao, Qingdao and Shijiusdo are expected to be completed. But doubts have been cast on their completion
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    • 242 3 MEMBERS of Italy's first furniture mission to the Far East have learnt that they have to reduce the dimensions of their products to suit local homes. Apart from this, there are no problems in increasing exports hoe, said Mr Sergio Giardina, the mission
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    • 402 3  -  By LIM SOON NEO COMPETITION is getting sharper In the microcomputer market, reputedly the fastest growing segment of the computer market here. Total demand for microcomputers is estimated at between 3,000 and 4,000 units this year, and the annual growth rate is expected to be at least
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    • 378 3 AN ENERGY consultant expects a barrel of crude oil to cost US$7O by 1990 and to hit the USSUO-mark three years later, at current prices. Mr Peter Gaffney, a partner of Gaffney, Cline and Associates, said the figures are arrived at
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    • 280 3 SINGAPORE'S experiment la leaning tram Japan will Indicate haw wall the Japanese's kanger far Infermatton can be transplanted In aaather ram try. TMa aspect af Jf—ana eathnalaam far learning, aeeerdtog ta a prrtwr fr»m the Saana iMtttote af Bnal■M Admlntotrattoa, to a factor artea
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    • 455 3  -  By WONG MAI YUN TETRA Pak Pacific, which produces aseptic packages for non-carbonated drinks here, expects a turnover of $200 million this year. Managing director Lars Bergwall also projects an increase of 25 per cent in his company's turnover annually over the next few
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    • 338 3 SIME Darby Singapore has appointed Mr Brlaa Omb as managing director of Sime Darby Computer Systems Group (SDCS) from March 1. He was formerly managing director of Scicon, a British computer systems house. Formed in July 1981, SDCS specialises in the marketing of computer-aided design (CAD) and
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  • Page 3 Advertisements
    • 133 3 !«c r* Wi i 4*' t\ I £*'T,|y \W \x\ I 3>n dmmxe \<T •p* 7' -O"? '^Sfe* Jv, *>w <<**? ®HSSrH -—-Vito7n«i«ot* full n*rJine&o t!9fcw* Hw J SSVcm -4* it+~ tfßcm i ftrv a*v»o rtrrno T t-kj scw TjT cm —Vfl r F 3*** L .AO r* v <-<
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  • OVERSEAS
    • 622 4 Reuter, AFP INDONESIA will try to preserve its present level of oil exports while at the same time complying with the newly-agreed Opec production cuts. According to oil Minister Dr Subroto yesterday in Jakarta, one way of doing this would be to buy cheap
      Reuter,; AFP  -  622 words
    • WORLD IN BRIEF
      • 502 4 Agencies BOEING chairman T A Wilson took a U*****,000 pay cut last year but still earned $967,550 in cash and other remuneration. Several other top executives also earned less in 1981 than in 1980 because a decline in the price of Boeing common stock made their stock options
        Agencies  -  502 words
    • 297 4 Reuter SAUDI Arabia can survive the present world oil glut without cutting government spending or drawing on its financial reserves. Finance Minister Sheikh Mohammed Abal-Khail yesterday said: "We will not cut our spending and we will not take from our reserves." Saudi Arabia
      Reuter  -  297 words
    • 450 4 Reuter CHINA has rejected Soviet President Brezhnevs call for an end to the bitter hostility between the two countries and indicated that relations would only improve if Moscow alters its policies. A senior Chinese Foreign Ministry spokesman said yesterday: "We have noted the remarks on
      Reuter  -  450 words
    • 254 4 Reuter AMERICAN businessman Dr Armand Hammer said yesterday China's leaders have assured that his company's ambitious plans to cooperate with Chinese industry will not be affected by current Sino-US coolness over Taiwan. Speaking to reporters after a meeting with Party Vice-Chairman Deng
      Reuter  -  254 words
    • 277 4 Reuter THE UK economy has only made a hesitant recovery in the last six months, though the budget two weeks ago has improved the prospect of higher output this year. The Bank of England said in its quarterly economic bulletin that the economy is
      Reuter  -  277 words
    • 772 4 ARRIVALS Service Local Operator Number Tine From MAS MH671 0915 KUL RBA BI421 0966 BWN MAS MH651 1000 PEN/KUL MAS MH680 1010 BH/MYY/KCH S1A SQ201 1030 HLP CAL CI814 1030 HLP CPA CX710 1030 HLP GU GA960 1100 HLP S1A SQ103 1115 KUL THAI TG403 1120 BKK
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    • Article, Illustration
      495 4 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Gelang (1500) 45A Equator n (after No 7 Donam hauls A King Bird sails) 23 Equator HI (after Kim Soon U) 22 Kim Ann (0700 shifts, agent's request) 28/29 King Bird (0530 hauls 66m west) 26 Niaga XXI (after Bonastar) 27
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    • 449 5 Reuter SOCIAL Democrat Roy Jenkins won election to the UK Parliament yesterday and was immediately hailed by supporters as first leader of Britain's new centrist political alliance and its prime ministerdesignate. Jenkins, 61, a former Labour cabinet minister and president of the EEC Commission,
      Reuter  -  449 words
    • 369 5 Reuter EEC industrialists' confidence in their companies' economic situations weakened in February, breaking last year's upward trend, an EEC Commission survey said. The survey, of a selection of chief executives in the community, said their order books fell one per cent in February,
      Reuter  -  369 words
    • 314 5 UPI THE US Is optimistic an Allied agreement can be reached U restrict Western trade credits ta the Soviet t nion la order to enrb "the Soviet military balMap aad International adveatarlsm." White Hoaae Communications Director David Gergea said on Tharaday Uadersecretary of
      UPI  -  314 words
    • 740 5 NYT FRANCE has tightened controls on the flow of money abroad in a bid to save the plunging franc from its second devaluation since the Socialist-led government took office nine months ago. The new exchange control measures, announced by the Finance Ministry on
      NYT  -  740 words
    • 290 5 AP THE general committee of the UN Conference on the Law of the Sea is said to have agreed privately that the conference should adhere to its established programme of work even though negotiations on outstanding issues are deadlocked. The 46-nation committee, made up of all
      AP  -  290 words
    • 409 5 Reuter THE maintenance of some degree of parallel interest rate movements in European countries should help to keep rates lower, the Bank of Rnglanrf said in its quarterly bulletin. While formal and close concertation of interest rate policies is difficult, a certain degree
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    • 152 5 Reuter THE Industrial Bank of Japan (IBJ), a major Japanese bank, yesterday announced a small cut in its long-term interest rates following government pressure on financial institutions to help stimulate a slowing domestic economy. The move calls (or a 0.2point reduction from Monday in
      Reuter  -  152 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 200 5 The Straits Times Directory. The product and service directory that pops up with ail the answers v U(* w tf •V-. w „..J M llff 1 ss^S; J^SS -jftta g® jfi tffl z.*+* "Sii Packed from cover to cover with vital information, The Straits Times Directory (Buku Merah) makes it
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  • 353 6 YVHOEVER'S been lamenting about the inadequacies of the Singapore stock market would think twice before uttering another moan if he had any sympathy for the Thais. The seven-year-old Stock Exchange of Thailand will be losing its third president at the end of this month and among the
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  • 310 6 SHAKESPEARE WROTE in Henry TV, "If I had a thousand sons, the first humane principle I would teach them should be, to forswear thin potations and to addict themselves to sack." Sack is a kind of white wine, and ever since Shakespeare, people have
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  • 807 6  -  More and more restaurants in the United States are entering customers' orders into computer terminals. Such order entry systems have their drawbacks, but automation is spreading. ANDREW POLLACK reports. ANDREW POLLACK NYT FAMILIAR restaurant cries like "two eggs over easy with a side of bacon" may soon be
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  • 903 6  -  B» JONATHAN SHARP Reuter IT IS AN education just to watch the faces of foreigners as they walk for the first time into Beijing's newest hotel, the Jianguo. The almost universal reaction is one of open-mouthed amazement because the Jianguo is unique it is China's one and
    Reuter  -  903 words
  • 716 6  -  FOBUH with ANTHONY LEWIS NYT ORY BERNSTEIN, an Israeli poet and lawyer, urged hit countrymen recently to do what in (act few of them do: face the reality of military rule in the occupied territories. They should stop averting their eyes, he said, from the way
    NYT  -  716 words
  • Page 6 Miscellaneous
    • 650 6 TWO-IB-I CRYPTIC PUZZLE ACROSS 4 Shooting a line? (6) 7 Turn ales back into water (5,3) 8 Says "tut," perhaps, with hesitant noises (6) 10 Faraday's unit (5) 13 Fuel pipe? (4) 14 Is it canny to keep a stock of them? (4) 15 Knocks this to pieces (4) 16
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    • 745 6 Apple Annie and friends SBC's paetafe fer this wtek ead kicks «ff with a lively ifttnni nwlhw, freMfa] Mlrmekm, which It atari Gleaa Ferd, Batto Da via, Peter PUk Mi Hepe aeWe Spanish family late wkick she will be marrylag. Apple Aaale's Meaia rally reaad her, delag everytttmg they eaa
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  • 511 7  - Winemaker, diplomat soldier, spy By BARRY VOLPERT THE SCION of Germany's largest wine producer, one would think, should grow up to lead a life of luxury and leisure, doing nothing more strenuous than sipping sweet white wine on the patio of a castle overlooking the Rhine river and watching the
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  • 841 7 Cheese makers in the Netherlands, already the world's leading exporters, are developing new varieties in a drive to capture an even bigger share of the world market. THE NETHERLANDS has become the world's leading cheese exporter in spite of the limited range it
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  • 1060 7 THEY DRINK 100 litres of wine apiece each year in France, on the average, compared with just 0.4 litres in Singapore. This shows the enormous growth potential of the Singapore wine market, says Mr Peter Sichel. The head of the famous German wine-making family says that though per
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  • Page 7 Advertisements
    • 1076 7 H z H H 05 > z c c o o c a» c o U c o e3 c c < H H H 05 H < H Z oo Pi H H z o 03 fc H Z TIIK C'ONFKKKNC'K Ownership of choice land an.) probities m land-st
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 174 8 MAR 25 ru ABN moo >0.5 Ahold 7X50 -OX AkSO 2ft. 90 -0.1 AMEV 64X0 1 Am fa* 7X30 03 Amrobnk 90 JO -03 BerfOM Berk I HZ 25.00 4-1 Bo Is 61 00 >05 Borsumlj 100.00 2 Burhmann 43.20 0.7 Caland 34.00 -1 Calvt Delft 21X00 3 Deli
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      • 248 8 MAR 23 Fr« CORBEILLE Alr-Uquide B S N OervaU Danone C 8 F (ThomsoiiCalt 440 1396 ***** 2 unch -1.5 CI* rnncalK de» Pctrole* Compa«nie Financiers 115JO -0.S Compacnle Oenerale Credit Fonder De France 328 Hachette (Ubralrte) Machine* Bull Mlchelln (B) PartDa* Pechlney Clglne Kuhlmann 430 3ZJ0 742 unch
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      • 93 8 MAR IS rn FORWARD MARKET Acec Arbed Ajtur Brmacan Bru-Lunb Canpac Cock De Been Ebm Electrobel Qb-Inno-Bm Oe* Hobok Petro Ryl Dutch Sldro Soc Oen Be If Soflna 8olv»jr A Tank* U Mln V Mont 430 1440 427 910 14€I 13H IM 233 1900 4445 MOO 1700 3490 4495
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      • 211 8 Afcao Alls Leben *****0 unch ET < 2 436 00 •4 BASF Bay H T Wbank Ray vt*n« 134 00 ***** 200 00 -03 unch Bayer 13X30 1J Bpr BMW 217 30 ***** -02 .1 Canclla ***** 7J Chtm Venr ***** .1 Commtnlxnk ConU Oumml Dalmler-Beni Defusaa 14*30 3120
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      • 184 8 MAR 25 rrancs Action* Bullae* 342 Alusulsse Br MO -JO Alusulsse Ret Brown Bowrt Br 221 10W -4 •10 CUa Oclu Br 1275 -s Clba Oelcjr PC_ no -5 Clba Oettj Re* Credit Suisse Br 567 1T«0 -I 5 Credit Sulue Ret 330 -a Elektrowalt Br 2250 -5 Oeonje
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      • 89 8 MAR 25 Ba»to«l Bel Centrale Ord Cond Argua Roma Ertdtnlt Fiat ord Oenerali Otm iri Pn. Invest Italcemenu Ord ItalCka Lire 211 -U ***** 300 5721 -ISO 300-50 -0 75 ***** 34# 1908 22 I53H0 ♦100 3300 -30 4300 -40 3100 5 41SOO 700 1040 -1 Le petit Ord
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      • 207 8 MAR 25 CS AbitlDI 17* Altan 23-. A i torn* 33»> -H Bank Mont 22* Bank Nova Scoua 23 it Bell T«1 5«. .(I BeUi Corp BP Can LUS 27 H unch Braacan Camp Hm L^e 30* 14* Can Imp Bk 27* H Canpac 30* Canpac In» Pf Carl
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      • 258 8 MAR 25 Rand INDUSTRIALS A Alpha 3B0 uncii -10 Abercom as AE And CI AftilC Barlows MO 2300 MO unch -75 -M Cf Sugar ISM CNA 600 WMll Cum* rtnance Ot Been Ind Ed con t» 1410 5 }Q bt(ui HOC C»er«*dT Ted Vol* -HZ. MO unch ruftt 215
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  • Page 8 Advertisements
    • 233 8 Where to wine, dine and entertain 3ai 33 Don't leave home without it. To apply tor the American Express Card Call: *****33 Idealjfor picnics qfficefunches A packed meal for SSoS®fltth« served with pickle and plain rice Delicious Nonya Packs available 7 days a week from 11 am to 2 pm.
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    • 112 8 rl f*(JUUv JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. <> .U) 11 < »r rcsi'ri'atu >ns call 7'-i7''t>77 /ll >•< I M iV® 4*iiliii*\ I iirk Slm'i*:iloii Si■ i^:ii mhh■ R NUTMEGS offers JAZZ brunch on Sundays 10.30 a.m. 3 p.m. $21 per person Pteose coll
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    • 147 8 !&$:^,>[</;=\-^[/`=?,.\?^@["}$' TIN H CONTINENTS K t S T A 1 HAST 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 pm Dinner
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    • 173 8 When you dine, dine Cantonese. If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to remember.
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    • 149 8 *»V Mr Crab, Mr Lobster A Mitt Fish have moved to our new and convenient location at Lowar Ground Floor (Panang Road) with atfact from lat March 1962. A tatty new menu; and comfortable new turroundingt and ot courta. tha usual pampanng service. awaits you. Siamese Seafood Restaurant wm)«I nCIH
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  • RAW MATERIALS
    • 792 9 COFFEE: Robusta coffee futures yesteray ended a quiet morning near the highs, supported by weak sterling against the US dollar and trade buying, without encountering the commission house selling evident in New York on Thursday, traders said. Midday prices were £28 to £23 up from the previous close
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    • 158 9 THE Kuala Lumpur crude palm oil market yesterday eased in late quiet trading, despite the Indian State Trading Corp buying 10,000 tonnes of RBD olein for June shipment at $506 C and F, dealers said. In March, south and north traded unchanged at 1940 and $935 a tonne
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    • 1186 9 NEW YORK STOCKS STOCK prices in New York on Thursday turned in an uneven performance but ended the day higher, reflecting the conflict between investors who think the recession is fading and those who see continued hard times. During the day the Dow Jones industrial average fell
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    • 227 9 RUBBER prices in Singapore yesterday closed slightly lower with April One RSS buyers quoted at 187.50 cents per kilo, down three cents from Thursday's close. Morning prices were marked down slightly on after-close softness, lower London advices and speculative selling. Afternoon prices lost further ground on isolated offerings. In
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    • 318 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 187.00 U8.00N Int. 1 R.S.S April 188 00 ***** Int. 1 R.S.S May 194.50 195.50 Int. 2 R.S.S. 172.30 173.50N UK/Cont 171.50 172J0N Int. 3 R.S.S. 167 50 100.50N UK Coot
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    • 109 9 NOON SSR and SMR pncaa yaal lardajr RA8 April (Carreat Mtk) Ravart fUlkra Mtk) Han SSR 20 SSR SO H um pallet! (1-ton pallet) 188 SO 183-60 1(8. SON 186 SON 188.60 ***** 170.S0N 187 SON MULB April SMRCV SMRL SMR 5 SMR CP SMR 10 SMR
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    • 184 9 SOYBEAN futures in Chicago on Thursday closed 5Vi to IV4 US cents a bushel lower. Prices declined from the start on long liquidation and speculative selling, as sideways chart action this week resulted in sentiment that last week's technical uptrend may have run out of steam, traders said. Restricted
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    • 172 9 WHEAT futures in Chicago on Thursday closed down 4 y« to 2Vi US cents a bushel, in wheat traders called a lackluster, low volume session. Prices declined from the start on nervous local selling, prompted by this week's slow down in activity following last week's technical uptrend, traders said.
      172 words
    • 88 9 THE STRAITS Oil price in Penang yesterday weakened a farther II cento to Ms».«3 a Idle, moving down In toe IT A lewer range of $29.15 and SS2.M. At this lewer level, miners were again withholding supplies because of slackened Interest ahead of the eatceme of the reconvened
      88 words
    • 34 9 Rubber: Mar 26 Singapore: April: 187.50 cents (down 3.00 cents) Malaysia: April* 207.00 cents (down 3.50 cents) Tin: M $30.03 per kilo (down 16 cents) Official offering: 162 tonnes (down 13 tonnes)
      34 words
    • 90 9 THE Malaysian Minister of Finance has fixed these rates for the period from Mar 26 until further notice: Batter: 202 3 cents a kilo for RSS One; Cepra: MJ459 17 a tonne; Palm kernel: $965.75 a tonne; White pepper: $3,252.33 a tonne; Black pepper: $2,332.00 a tonne;
      90 words
    • 173 9 CHINESE Prafeee r pw'iTkg ytmtaHmy?* 1 Cir«—t «11: Bulk fob 186.00 sellers, old drum (in second hand drum) fob $108.00 sellers, new drum fob 1112.00 sellers Capra: Mixed (looae) $45.00 buyers. Peppar: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper faq fob NLW $370.00 sellers,
      173 words
    • 325 9 SINGAPORE: Yesterdays closing prices In SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1 JO, 100 per cent second class 1.02, 100 per cent third class 1.00, 35 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-auper 0.70,
      325 words
    • 201 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yam: China Blue Phoenix 20b 2,400; 32s 3,100. 40s 3,180 (per bale of 400 lbs). Pleee gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      201 words
    • 408 9 AFP THE INDONESIAN Minister for Mines and Energy, Prof Subroto yesterday expressed confidence that the sixth International Tin Agreement (ITA) would come into effect as scheduled from July 1. He said that the situation regarding the agreement now is better than before
      AFP  -  408 words
    • 362 9 AP RECESSIONARY influences and abundance of commodity supplies caused sharp price declines for major food products in 1961, the UN Food and Agriculture Organisation reported on Thursday. In an annual report, the FAO said the Soviet Union had a bad harvest in 1981 for the
      AP  -  362 words
    • 272 9 THE rubber market recorded its best rise in months as current One RSS was taken up 8 cents to 192 cents at its high, while May One RSS recorded an even better Jump of 12 cents, Bel May, Caller, Balk sad Csnpaay said in its review for
      272 words
  • Page 9 Advertisements
    • 114 9 r' yhit/iony C. hi in dm The A I)i(ttonijry of m. "HIS New words and phrases have already been contributed to the language by the traditional computer industry Bug, Bootstrap and Deadly Embrace for example have long been in Anthony Chandor's Penguin Dictionary of Computers. But the new context of
      114 words

  • 1438 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. SECTION ONE INDUSTRIAL A COMMERCIAL Acma (2.788)
    1,438 words
  • 190 10 ONGAFOftE UNIT TOUR DUMOND MOT! ITOBJ I (M»n«n' fhtm hr Mar *»> (Mammfv' avieci 1 Marc* noThe 0—a 2.88 3 03 The Saving* Pond I CS lTlxd Diamond S'pore Prog Fund 1.34 1.30 S'pore Fd (US) 0.74 on S pore Sac. Fund 1 32 in SI 1.06 S
    190 words
  • 2893 10 1981/1082 Hich Low Coaspaay Last Sale +orGr's DW DW C*r Gr's Y'W Net P/E Vol COOO> Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 494 115 350 312 420 200 470 532* 675 430 247 115 130 150 308 75 360 199 322 231 Acma Alcom Allied Choc
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  • 1519 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. MDUBfIBIALS IJMMI«I (MOB) (1) 1.84 Ĕimm (IMB 1.235) (1) 1.34 (2) 1.22
    1,519 words
  • 247 10 THE W1IH—■ Prodaeta Babktr Cmbbuv BtrM: Fiftieth AGM to be held at 70, Jalan Arapang, Kuala Lumpur on March 29 at 2.30 pm. FOLEX ladastriea Berkad Twelth AGM to be held a( the Enclosure, Top Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on March 31, at
    247 words
  • 756 10 AN EASIER tread prevailed at the Slngapere stack market yesterday. TraAag activity alse sabsided with a resaitaat (all la vslame sf Prices spewed malaly at araaad sveralgbt levels hat bariaeas was siaggteh except far Interests acted la a few eeaaters. After Ike maraiag teabreak, prices
    756 words
  • 603 10 SHARE prices continued to slip on a wide front in the Kuala Lumpur stock market yesterday in extension of Thursday's slow session. Total turnover fell to 2.513 million units worth M 510.95 million against 2.665 million units valued at $12.19 million on Thursday. Stocks
    603 words

  • COMPANY NEWS
    • 301 11 PARAMOUNT Corporation expects its 49 per centowned associate, Nanyang Insurance, to expand further its business and assets in future. Outlining this in his latest annual statement to shareholders, Paramount's chairman Tan Sri Haji Mohamed Noah noted that Nanyang has had a successful year in its
      301 words
    • 212 11 TRI-VIEW Ltd, a recently incorporated Hongkong property company, has signed a HKJI billion four-year syndicated loan to finance a property development in Hongkong. Tri-view is a joint venture 70 per cent-owned by Chyau Fwu Properties Ltd, the family interests of Hwang Chou Shiuan of the Chyau
      212 words
    • In Hongkong...
    • 1402 11  -  Market Talk... By MAUDRENE NITHIANANDUM THE OUTLOOK (or share prices in the short term is still gloomy, with Hongkong likely to attract buyers again before Singapore and Malaysia. Also, London stockbrokers Montagu Loebl Stanley and Company, says, in the short term, a (all back
      1,402 words
    • 477 11 JITRA Rubber Plantations, the investment holding arm of the MP Evans group, does not anticipate any adverse effects on its investment income following Malaysianisation of the British plantation companies under the group. Stating this in the company's annual report for the year ended
      477 words
  • ASIAN STOCKS
    • 295 11 RESOURCE stocks in Sydney yesterday were cut back by profit taking in moderately active trading, while industrials firmed marginally for the third day running, brokers said. At the close of trading the All-Ordinaries index was down 2.4 points to 475.7. The industrial marker gained 0.8 to 626.7
      295 words
    • 488 11 SHARE prices in Tokyo yesterday finished slightly higher on balance, led by speculatives and some domestic issues, but internationally popular stocks ended slightly weaker, dealers said. The market average gained 28.66 points to 7,203.82 on a light turnover of 360 million shares. The Tokyo stock exchange index
      488 words
    • 109 11 THE Manila stock market yesterday closed mixed as oils, commercials and industrials rose while min- ings again declined. Turnover rose to 804,000 pesos from 638,000 on Thursday. mar a Acoj* Mining AUU Coo A Paaoa 003 unch Oriental B PhU Onneu Phllex A PhUez B Pioneer purr Podco B
      109 words
    • 323 11 HONGKONG THE Hongkong stock market yesterday extended an early decline to close near the day's lows despite the steadier trend on Wall Street, brokers said. Trading was slow most of the day on lack of fresh incentive but dealers noted active selling from a local property oriented
      323 words
    • 92 11 STOCKS IN Bangkok yesterday closed mixed. The Book Club index rose 0.19 point to 91.15 on a turnover of 13.7 million haht. MAR M Bafiu International Ada Fibre Avuthaja In*. And Truit Bangkok Bank Bank Of Aj\jdhaym Ltd 125 -1 Cosmetics International Trust And Fu ALSO 308 unch 1
      92 words
    • 854 11 LONDON, Thurs. Prices eased due to end account booksquaring but closing levels were slightly above their day's lows. The Financial Times Index was 2.7 points lower at 559.9. UK government bonds fell up to half a point with the rise in US federal funds rate yesterday prompting some
      854 words
  • Page 11 Advertisements
    • 290 11 Worldwide management experience at your fingertips. m w lG** \<o& vss^ t World Executive's Digest Styles of Managing I. Five Basic Styles and their Uses Michigan Business 11. Matching Styles to Situation "Situation Management" 111. The People Interface "Techniques of Leadership IV. Can a Leopard Change His Spots? ."Managing with
      290 words
    • 5 11 r 4M Classified Advertising Works.
      5 words

  • 395 12 SIGMFICAMT imMpimfal ckaages will take place at 8ln»e Darky la five weeks' time, fellewiag the resigaattoa ef greap flaa ace director Mike Dewdy. Eight sealsr nuuuuremeat appeiatmeats, taktag effect aa May 1, have beea made. At the eat af the same maath, Mr
    395 words
  • 417 12 SAVING "face" is an important ingredient of successful mergers and acquisitions in the business environment of Malaysia and Singapore. Mr George Thia, director of the Singapore-based merchant bank Morgan Grenfell Asia Ltd, said relatives are bound to be involved in various companies in a
    417 words
  • 173 12 MALAYAWATA Steel's proposed one-for-two bonus issue has not been approved by the Malaysian Capital Issues Committee (CIC). Yesterday, the company announced that the CIC has only approved its proposed one-for-two rights issue at M 51.40 a share and its special issue of 8.88 million
    173 words
  • Chief Price Changes
    • 140 12 Rises Indices M B F HM|i 730 35 Mar 25 Mar 26 H Lm*( Credit 505 30 BT Indicator: *****8 *****7 Hong Loou Ind Spore Land Grand Centrnl DBS 786 25 Industrials: 726.92 723.87 725 452 780 25 12 10 10 Finance: Hotels. 1644.46 1085.64 1652.14 1086.24 H Looks
      140 words
    • Article, Illustration
      157 12 SHARE prices on the Stock Exchange of Singapore were generally easier amid dull trading yesterday. The Straits Times Industrial Index lest LIS psints to close at T&ffl, while the Business Times Indicator of the day's II most active stocks dropped 2121 points to 1745*7. Rises Indices Kamunting 440
      157 words
    • 50 12 FINANCIAL TIMES INDUSTRIALS Thursday 55S.9 Wednesday 562.6 Week Ago... 960.8 Friday 1188.18 Thursday 1210.18 Week Ago 1207.21 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 827.63 Wednesday 823.34 Week Ago 805.27 Friday 628.7 Thursday 825.9 Week Ago 623.1 ALL ORDINARIES Friday 475.7 H.K.HANG SENG Thursday 478.3 Week Ago 472J!
      50 words
  • 560 12  -  MM Companies Editor: Mano Sabnani By CHOO AI LENG IN A surprise development, Straits Trading Company yesterday disclosed that it will receive an extra M 55.6 million cash for the sale of a 42 per cent interest in Malaysia Smelting Corporation (MSC) to Malaysia Mining Corporation
    560 words
  • 329 12 AFTER barely two years of earnings recovery, Setron (Malaysia) Berhad has again slumped into the red. For the year ended December last, Setron incurred a net loss of M 52.14 million against a net profit of $399,000 previously. The dismal performance was attributed to
    329 words
  • 573 12 HIGH operating costs, a drop in the demand for steel, and stiff competition have eroded the earnings of National Iron* and Steel Mills. As these adverse effects were already apparent at the interim stage, it is hardly surprising that its group pre-tax
    573 words
  • 642 12 WMh mm... by HOCK LOCK SIEW THE Cycle A Carriage group appears to have got itself into a spot. Although it is one of the oldest motor distributors in the country, having been in the business as early as the turn of the century, it has
    by HOCK LOCK SIEW  -  642 words
  • LATEST
    • 65 12 a OJ per eeat tatreaac la aet preflt I» *1M mMm for the year mM Dee SI, IMI (agaiaet $771,186 prcvUoly). Greae eafee me 14.1 per eeat to $4.78 mllltoe (94.11 milIlea). The eempaay la pnpwtt flnt aai flaal dlv Mead ef per eeat lew tax,
      65 words
    • 70 12 Bhd hae imuMi a IS per eeat fall la pre-tax preOto to MsfJß mllltoe tor the Mx meathi eaded Decern her tact (HJS mllltoa). Taraever was almeet uchaagei at 9SSB mllltoa. Dtreeton 4e aet fereaee aay Imprevemeat la the earalaga la the carreat dx meathe eadlag Jaae SI
      70 words
    • 43 12 hae aaaeaaeed amMtad taxed preflt ef MfI.SS mllltoa (>ame) la 1181 ea eafee ef Slt.lt mllltoa (911.27 mllltoa). Dtreeera have declared a flaal dlridead ef 41 per eeat gram (same) payable May II to eharehelderi registered aa at April tL
      43 words
    • 45 12 aaaadttod pre-tax preflt feU to 8*74,1» (957M17) tor the Mx meathe to Dee 81. The eampaay said tower prices «htoiael iae to market eeadltleaa affected preflt» aad aalem eelttag prieee impvef, reealto tar the seeead half year are aaHkeiy to he malatalaed.
      45 words
  • Page 12 Advertisements
    • 40 12 M.A. nm. l/l General Survey of damaged cargo ex the above veawl will be held oo Tueadajr 30th March. I*2. from 00 a.m. to 5.00 p.m. No further aarvey will be held after thte date. suma&OVAI (PR) LTD. M: MHI
      40 words
    • 325 12 andlgiw yourself and your family the Britannica advantage! it's the key to success in a competitive world That's why you shook* give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's no better tool for
      325 words
  • Page 12 Miscellaneous
    • 62 12 OUTLOOK for Singapore today: Clear in the morning, showers in few areas in the afternoon. Report for 24 hoars prior to 74# pm on March 2$ at the airport: Maximum temperature 31.7 Associated humidity 63 Minimum temperature 23.8 Associated humidity 94 Hours of sunshine 5.40 Rainfall in millimetres 19.8 Total
      62 words