The Business Times, 3 April 1982
1982-04-03
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The Business Times
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Title Section11 1982-04-03 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY. APRIL S. 1182 60 CENTS11 words
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360 1982-04-03 1 SAWN timber exports from Singapore in February plunged to its lowest level in (our years as the timber trade remained sluggish. Only plywood producers did well that month. They recovered from the fall in exports in January, chalking up an impressive 39 per360 words
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243 1982-04-03 1 Reuter SOME oil companies bad served phase-out notices on Nigeria on their long-term contracts. Sources in Lagos confirmed thS, saying that these companies were against the revenue-starv-ed African Opec member clinging to an Opec-gov-erned price of U5535.50 a barrel. The companies consider that, inReuter - 243 words
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496 1982-04-03 1 WANG LOOK KEAH - By WANG LOOK KEAH QANTAS Airways has resigned from the two airline associations in Singapore which fix the minimum market price of tickets to Europe and the Orient. The resignation is tantamount to a renouncement of the principle on which the Orient Airlines' Association and496 words
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168 1982-04-03 1 THE flmnanl yesterday i-imwiil It» llret k»< wkspftßg $1J Mlßm registered stack wMek will ke tally takes sp ky tke Ceatral Pravldeat Pud. Tkta M-year tax-free stock taw Is the Onw— ««M Unest ss tar. Precceds sf tkta kead, wttk eeapaa rate ef I168 words
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Article, Illustration497 1982-04-03 1 SINGAPORE Airlines' capital expenditure for 1982-83 is likely to be 30 per cent higher than last year. A total of |660 million has been set aside for capital expenditure. Three quarters of this will go to the buying of new aircraft and497 words
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BRIEFLY...
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Article113 1982-04-03 1 THE new basis of computing the 10 per cent Government Tax on PUB bills of domestic consumers has become effective since April 1, 1982. The PUB yesterday announced that domestic consumers will pay less Government Tax on their PUB bills as the tax will be levied113 words
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Article62 1982-04-03 1 UPI WASHINGTON, Fri. The US unemployment rate rose to a seasonally adjusted 9 per cent In March, equalling the post World War n high last reached in May 1975, from 8.8 per cent in February. The Labour Department said total unemployment rose 279,000 to 9.85 million lastUPI - 62 words
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Article55 1982-04-03 1 Reuter JOHORE BAHRU, Fri. The longserving chief minister of Johore said today he was quitting his post, ending months of speculation about his future. Tan Sri Othman Saat, 54, said that he wanted a younger leader to take over and would not be seeking re-election in theReuter - 55 words
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Article68 1982-04-03 1 Reuter TOKYO, Fri. Foreign investments in Japanese stocks turned into net buying last week for the first time in nine weeks, at 287 million yen compared with net sales of 37.04 billion the previous week, tbe Tokyo Stock Exchange said. Foreign buying rose to 30.29 billion yen lastReuter - 68 words
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Article86 1982-04-03 1 UPI BUENOS AIRES, Fri. Argentina announced today it has occupied the Falkland Tgi«nA» in a military action to end 149 years of British rule. A fleet of British warships was reportedly on its way to reclaim the islands, where Argentine naval officials said a battallion of Argentine marinesUPI - 86 words
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Article59 1982-04-03 1 Reuter TOKYO, Fri. Fanner British Prime Minister Edward Heath said relations between the European Economic Community and Japan are likely to deteriorate even further if they cannot be broadened beyond the trade issue. Mr Heath told the British Chamber of Commerce that disagreements over trade between the EECReuter - 59 words
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Article72 1982-04-03 1 UPI TOKYO, Fri. Japan may allow the limited use of facilities for landing drills by US marines on Iwo Jima, scene of a fierce World War II battle that left more than 25,000 American and Japanese soldiers killed, Defence Administrator Soichiro Ito said. However, it may take timeUPI - 72 words
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Article, Illustration249 1982-04-03 1 DISCOUNTED air tickets are still easily available in West Germany despite recent promises by the civil aviation authorities to clean up the "grey" market. Singapore Airlires has in the past two weeks bought five test tickets, all illegally sold to it below the published249 words
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516 1982-04-03 1 NAJEEB JARHOM - By NAJEEB JARHOM HAW PAR Travel Pte Ltd, a wholly-owned subsidiary of Haw Par Brothers International, has set aside $5 million for its new Budget Rent-a-Car division to acquire a fleet of about 100 cars this year. Haw Par Travel, the local516 words
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Page 1 Advertisements
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Advertisement247 1982-04-03 1 ;'rr 'I.i ill v 13f-viil.G W limes @',]\@$_-}~>_=*!,>;.,^"`"`;-%/& THE Malaysian banking industry last year saw a slower rate of growth in loans and deposits Page 2 THERE is a small but critical difference between the Japanese and American styles of management Page 3 EXPORTS of manufactured goods by countries other247 words
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Advertisement31 1982-04-03 1 FvJS^ D, 9est World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by FEDERAL PUBLICATIONS |9i»l 1 New Industrial Road, Singapore 1953 l/I'J A member of the Times Organisation31 words
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Advertisement15 1982-04-03 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah)15 words
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BANKING AND FINANCE
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922 1982-04-03 2 THE MALAYSIAN banking industry last year was characterised by a slower rate of growth in loans and deposits in line with the slowdown in the economy. Total deposits of commercial banks rose by 23.2 per cent last year against 25.4 per cent in the922 words
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Article286 1982-04-03 2 THE Asian Development Bank is raising a 150 million Deutschemark 9V« per cent 10-year bullet Eurobond priced at 99 V* per cent. The issue is lead managed by Deutsche Bank AG. SUN Co has prepaid US$3OO million of floating rate notes issued to Seagram Co Ltd in286 words
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374 1982-04-03 2 WHEN the White House last week hailed the small rise in consumer prices as "good news for every American", It probably did not have in mind property/casualty insurers. However, many industry analysts believe the decline in the level of inflation is the best news in374 words
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Article499 1982-04-03 2 BRITAIN ii introducing value added tax (VAT) on gold and gold coin imports, from April 5, in a move complementary to Wednesday's removal of VAT exemption on gold coins. The Customs and Excise Department announced on Thursday that it will no longer automatically allow the VAT499 words
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Article83 1982-04-03 2 fcMM-l ta Mwlirt 11 i r will to far the toak»i iinn>wl cat toiklii wtiiri; T—tij'i to tar Malar Pawl Chase b (Mag a aaaaMi tmaaaij «Uton la ffiagipare to iltia tke RBMJSitVBB ftttßMtlM tflM aaaalaaa wtt to bflaM aa a a&raiar^ tnjrtaiiT"?"l"'"' 11 183 words
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Article178 1982-04-03 2 THE FRENCH FRANC came under strong attack on Thursday on the foreign exchange markets, after a lull so far this week. In Paris the US dollar rose more than five centimes to C.2535 francs, although elsewhere the dollar was steady or down. The French (rape was178 words
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877 1982-04-03 2 NYT GIVE Wall Street a beadache like double-digit Interest rates, and someone will invent an aspirin like tbe aero-coupon bond. JC Penney offered tbe first such bondi in April 1981, and a number of corporate issues have been issued since. The first major issues ofNYT - 877 words
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MONEY AND EXCHANGES
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Article495 1982-04-03 2 THE US dollar was traded weaker against most major currencies the Singapore dollar yesterday on the foreign exchange market. Dealers said this was due to the uncertainty over the US money supply which is expected to show a big drop. In addition, there was also the speculation that495 words
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Article319 1982-04-03 2 SINGAPORE gold futures yesterday closed slightly lower compared with overnight levels after fluctuating marginally throughout in thin trading, dealers said. Total sales for the day was recorded at 150 lots while kerb volume at 50 lots, they said. Prompt closed slightly lower at US$327/328 an ounce against 327J0/329.00 on319 words
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Article35 1982-04-03 2 tew York 7.MB 7.138 7.1JS 7 JOS Surtct 7 MB MB i.m 7jW6 Singapore Fit 7 .MB 7.UB 7 US 7.as CVxtoc prfc m la US kOan troy ounc Source: Credit Suisse, S'pore.35 words
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Article156 1982-04-03 2 THE dollar for overnight delivery In Tokyo yesterday closed firmer at 246.70 yen compared with the 245.80 opening, dealers said. This was higher than the 245.75/90 close in both New York and on the US West Coast overnight but lower than the 247.90 close in Tokyo on TAirsday. Trading156 words
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Article22 1982-04-03 2 THE average rate at which Major Singapore banks are current!y prepared to lend to their host customers is 10.02 per cent.22 words
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Article169 1982-04-03 2 ASIAN ASIAN currency deposit Interbank rates as at close on April 2: UjHPiSirigjH) 1 days 15 7/1# 195/1* 1 month 15* 15* 2 months 15* 1ft* 3 months 15* 15 H 6 months 157/1* 1*5/1* months 155/1* is a/i* 12 months 15 5/1* is a/i* DM SWJPW. 1 month in*169 words
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Article47 1982-04-03 2 RANGE at prices ader sd by dtoCOMt hOM i oe April 2 Ovenrtfte »tt« Call dm* Ms: Ift to 3H* Ch*( UrtK MN J-month Treasury bills SH 3H J-month B*nk bUla ft/1* 3/11 3 months CD 11/11 17/16 e months CD W Source: National Discount Co47 words
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Article147 1982-04-03 2 THE US dollar in Hongkong yesterday eased against major currencies in quiet, late trading ahead o< the weekend, dealers said. The easier trend was aided by expectations that the latest US M-l money supply figures, due out yesterday, will show a decline. The dollar slipped to 2.4010/1) mark! from147 words
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Article29 1982-04-03 2 Opening quotes yesterday: US iyWD/JOO Can-USB/45 Croa 1.2260/63 D Mk 4.2960/30 D F1 4.77»/« S FY 1485/700 B Fr coo 81.15/31 F Fr 11.1845/9B Lit 2368.40/2372.40 Yea 440.55/441.3529 words
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Article50 1982-04-03 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 5 to April 8: Offered: (140,000,000 Applied far: $180,000,000. AOstted: $140,000,000. Accepted Mds: $99.16 approximately M per cent higher bids in full. Average rats af dhesaal m allst—t: 3.370 per cent per annum.50 words
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Article259 1982-04-03 2 AFP OVERSEAS Chinese and foreigners wanting to buy certain durable consumer goods in Canton must now use renminbi, the Chinese currency, rather than the foreign currency certificates introduced in China in 1980. From now on, about 10 items, including televisions, sewing machines, washing machines and refrigerators,AFP - 259 words
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Page 2 Advertisements
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Advertisement267 1982-04-03 2 Boustead Holdings Berhad PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1961 The trading results for the year ended 31st December 1981 compared with the previous year are:GROUP COMPANY NOTICE IS HEREBY GIVEN that the TWENTY-FIRST ANNUAL GENERAL MEETING OF BOUSTEAD HOLDINGS BERHAD will be held at Wisma267 words
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TRADE AND INDUSTRY
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509 1982-04-03 3 SOUTH Australia is an ideal investment prospect for the 1980s. It was slow to capitalise on its rich natural resources but is now making up (or lost time. gp—«ng at a South Australian investment seminar here yesterday, the state's premier,509 words
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233 1982-04-03 3 THE MARKETING Institute of Singapore plans to offer marketing research and consultancy services to the private sector later this year. It also plans to introduce in-house marketing training programmes. The expertise for the services will be drawn from MIS members and if necessary, from233 words
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446 1982-04-03 3 HONGKONG emerged as Singapore's sixth largest tourist market for the first time in January, edging out the US. However, the influx of Hongkong tourists was seasonal as it coincided with the Chinese New Tear holidays. In tact, other indications point to a slowdown446 words
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Article422 1982-04-03 3 SEMINARS AND COURBEB April 3: Telephone Techniques and Courtesies, SIM Conference Room, SIM April 5,6: How to Secure Profits as Agents and Distributors in Asia, Mandarin Hotel, Institute of International Research April 5, 6: Assert!veness Skills for Managers, Shangri-La Hotel, Business Training April 54: How to Secure Profits422 words
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568 1982-04-03 3 A MAJOR bank In the UK uses the latest audio-visual technology to communicate with its €5,000 employees while an American company trains its 80,000 employees in the art of listening. These examples of new management-employee communication systems were highlighted by Mr M Chandran, senior568 words
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440 1982-04-03 3 WONG MAI YUN - By WONG MAI YUN THERE is a null but critical difference between the Japanese and American styles of management. As Honda Motor Co co-founder Takeo Fujisawa once observed: "Japanese and American management styles are 96 per cent the same." "The critical 5 per cent440 words
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Page 3 Advertisements
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Advertisement248 1982-04-03 3 A NEW UOF BRANCH OPENS IN MARINE PARADE. Today, United Overseas Finance opens a new branch in Marine Parade at No. 125, Block 57, Marine Terrace, Singapore 1544. Tel: *****84/*****87. Which means that you can now earn higher interests on your savings or fixed deposit accounts without leaving your neighbourhood.248 words
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OVERSEAS
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480 1982-04-03 4 AP THE US State Department tried on Thursday to reassure China that a new, separate immigration quota for Taiwan does not mean that the US is adopting a "twoChina" policy. US Assistant Secretary of State John Hoktridge met with Lin Za howAP - 480 words
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200 1982-04-03 4 Reuter RECENT moderate pay settlements should help bring about an upturn in the West German economy in the near future, the economics ministry in Boon said. The settlements wffl give firms the chance to improve their profitability, increase investment and create Jobs, the ministryReuter - 200 words
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672 1982-04-03 4 AP EXPORTS of manufactured goods by countries other than the US Increased during the third quarter of 1981 while the US share of world exports of these goods fell for the first time since the end of 1979, the US Commerce Department reported. ExportsAP - 672 words
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568 1982-04-03 4 Reuter AP CHINA has announced new tax exemption rules for foreign companies involved in exploitation of its offshore petroleum fields. The rules, which came into force at once, allowed three categories of equipment and materials to be exempted from customs duties, theReuter; AP - 568 words
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585 1982-04-03 4 NYT BECAUSE of an obscure Common Market regulation, nearly all of Britain's largest and most venerable companies are being forced to drop the unmistakably British "Ltd" from the end of their corporate names. Such companies as British Petroleum, Unilever andNYT - 585 words
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180 1982-04-03 4 Reuter SOUTH Korea will examine the possibility of exporting to third countries 370,000 tonnes of rice it is obliged to buy from the US this year. Government officials in Seoul quoted Agriculture Minister Koh Kun ss telling a parliamentary panel investigating the sllegedReuter - 180 words
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362 1982-04-03 4 UPI AP TREASURY Secretary Donald Regan has told Congress the Reagan Administration will not support international loans to countries that follow ineffective economic policies. Mr Regan told the bouse appropriations subcommittee on foreign operations on Thursday that US representatives to multi-nation development banksUPI; AP - 362 words
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Article741 1982-04-03 4 DEPARTURES Service Local Operator Nutter Tiae For MAS MH802 FT FT72 AI AMI Cargohu CV797 CAL CB33 PAA PA006 MAS MH10A JAL JLQ6 SIA SQ192 GIA GAK1 THAI TG4Q2 SIA 9Q3Q2 JAL JL7Q2H SIA SQ12 SIA 9Q456 SIA SQ52 MAS MHG52 SIA 9Q8 SIA SQ237 cal cm741 words
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Article, Illustration373 1982-04-03 4 ARRIVALS KEPPEL WHABVEB Cherry Lanka (after Seng Giap Subject Freeboard) 27/28 Qoluta (0700) 21 West Kota Dewa (after Kota Jade) 10/11 Mock Jung (300 after Antipolis) 18 Nedlloyd Madras (1300 after Nedlloyd Marseilles) 5 Ocean Ace (Common User) (1500 after Yasuurasan Maru) 29/30 Thomaseverett (1100 after Labuan373 words
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546 1982-04-03 5 Reuter THE Reagan Administration's top economic forecaster said there are no signs yet of a recovery in the US economy. "I've made a very careful distinction between stating a view that the economy has hit bottom and the upturn. I don't seeReuter - 546 words
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322 1982-04-03 5 Reuter UPT US TREASURY Secretary Donald Regan has predicted US unemployment figures would equal the postwar record of 9 per cent. He said the March unemployment figures were likely to top February's 8J per cent "1 would say they would probably be inReuter; UPT - 322 words
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541 1982-04-03 5 NYT THE Senate Armed Services Committee has announced proposed cots in President Reagan's military budget reaching US$l2 billion. Senator John Tower, chairman of the panel, said the committee had adhered to most of the adminisitratioo'B weapons programmes but had decided to cut theNYT - 541 words
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371 1982-04-03 5 Reuter THE United States has denied that a compromise had been reached with developing countries to meet Washington's objections to a draft treaty on the law of the sea. A spokesman for the US mission said on Thursday US negotiators are tryingReuter - 371 words
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260 1982-04-03 5 WEST German banks, negotiating a 300 million deutschemark credit for the Soviet Union, are reluctant to meet a Soviet request to raise it to 375 million. Talks on the credit, which would be used to finance a down payment on the Siberian gas260 words
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198 1982-04-03 5 UPI FINANCIAL experts from 34 developing nations have agreed to create a third war id-coo trolled bank to finance development projects, exports credits, and provide baiaace-af-payments support to its members. The experts from the poor nations known at the United Nations as the groupUPI - 198 words
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WORLD IN BRIEF
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Article349 1982-04-03 5 Agencies JAPAN'S Prime Minister Zenko Suzuki said economic real growth this fiscal year, which began on Thursday, may slow to between 3 and 4 per cent, compared with the official target of 5.3 per cent set last December. He did not elaborate but Fuji Bank forecast Japanese realAgencies - 349 words
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703 1982-04-03 5 NYT JAPAN'S semiconductor industry, striving to increase production Is making heavy investments that are likely to put further competitive pressure on American semiconductor makers. "The Japanese companies have been putting on an awful kit of capacity, and they are adding tftill more," said a surveyNYT - 703 words
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Article681 1982-04-03 5 NYT TAIWAN'S import baa on 1,533 Japan» consumer products, which went into effect la February, is causing deep concent in Tokyo. It was the first time in decades that a major trading partner Taiwan is Japan's fifth-largest marks! suddenly banned a large number of JapaneseNYT - 681 words
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Page 4 Advertisements
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Advertisement270 1982-04-03 4 mfILRKOFF BERHRD (A nwmbtr of tho Bouatead Group of CompwlM) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 318T DECEMBER, 1981. The operating results for the year ended 31 st December, 1981 compared with the previous year are:— QROUP COMPANY 1981 1980 1991 1990 MfOOO MS'OOO MS'OOO Msooo NOTICE OF270 words
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Page 5 Advertisements
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Advertisement145 1982-04-03 5 GOVERNMENT OF BRUNEI Pre-Qualification of contractors for Supply, Installation and Maintenance of Synthetic Running Track to the Brunei National Stadium, Bandar Seri Begawan, Brunei. Interested contractors and/or suppliers with proven experience on works of a similar nature are invited to apply for pre-qualification for the above. The Synthetic Running Track145 words
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Advertisement326 1982-04-03 5 The Hospitality Industry Is Big Business! If you are seeking an introduction into this lucrative market, Hotelex '82 is for you! We invite you to exhibit in the second Hotelex series. This exhibition is officially supported by the Singapore Hotel Association (S.H.A.) and offers a unique platform to market direct326 words
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Article415 1982-04-03 6 NIGERIA, the weakest link in Opec's chain, shows every sign of snapping under pressure from oil companies which, understandably enough, want to buy oil at the best available price, especially at a time when they can afford, in theory, to pick and choose. British North415 words
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274 1982-04-03 6 ONE COMPANY claims it Is always "trying harder". Another Is proud, at least (or the moment, to be "the company you've never teard of". Their advertising sogans may be quite different, but both have the same tads to convince consumers not to buy cars, but274 words
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Article, Illustration1222 1982-04-03 6 GRACE GLUECK - NEW SALVADOR DALI MUSUEM IN ST PETERSBURG, FLORIDA By GRACE GLUECK NYT. THE CONJUNCTION of Salvador Dali and the city of St Petersburg sounds like the theme of a Dali painting at its most wildly surreal. But now it is a fait accompli. A US$2NYT. - 1,222 words
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Article642 1982-04-03 6 COLIN MoINTYRE - By COLIN MoINTYRE Reuter WHAT IS more expensive than gold, has a beautiful smell and comes (ram Bulgaria? The answer is attar of roses, an wntiil ingredient in all hlgb-qual-ity perfumes, and communist Bulgaria produces 70 per cent of the world supply. The essence is obtainedReuter - 642 words
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Page 6 Miscellaneous
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Miscellaneous605 1982-04-03 6 CRYPTIC PUZZLE ACROSS 4 Becoming woman (6) married 8 Establishment that pott years on fellows 10 A pub no general would agree wtth(s) 13 Is unable to provide a mercantile centre (4) 14 Plenty at auction (4) 15 A striking hair fashion (4) 16 Seem Incomplete when you look (I)605 words
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Miscellaneous6 1982-04-03 6 *LONG... IT'S Pi>£. "RD N«Me YOU6 words
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Miscellaneous608 1982-04-03 6 The wonders of science in uwmg MS), I ec flsger prists a (MM «f SINGAPORE 5 12.55 FM Opening Mowed by Sesame V""" Street 7 30 1.55 The Parity Pig Shew 2!5?2 2.20 Satnrday Matinee Clambake ™J J 3.45 ltlO jwNmattwal Ifaod Pairs JJj Gymnastics v WmM ii 4.40 On608 words
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Article, Illustration556 1982-04-03 7 IF A MUSICAL Instrument can read music and play faultlessly what is left for mere mortals to do? Casio, the Japanese electronics company better known for its calculators, believes that its new electronic keyboard will stimulate people to learn to play musical instruments. The556 words
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Article, Illustration667 1982-04-03 7 SAFER GOLD STANDARDS URGED Reuter HONGKONG Jewellers undercut the prices of their counterparts in other countries, but bargains may often be more apparent than real. The colony boasts more jewellery shops per square metre than any other city in the world and its Jewellery trade, aidedReuter - 667 words
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Article, Illustration751 1982-04-03 7 JANET MARSH - By JANET MARSH IF RUDOLPH VALENTINO had lived, he would have been 87 next birthday, a venerable Italian gentleman, certainly bald, probably Stout and most likely all but forgotten. As it was, he died young and at the peak of his career; and to this day he751 words
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Page 7 Advertisements
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Advertisement191 1982-04-03 7 i Hi v V > ft Mi"*— t, v>* *ste jrsg -.5. s^l bW T., .•> IB the Ml V 3N 3£Q O -O Sv 3W& Packed from cover to cover with vital information, The Straits Times Directory (Buku Merah) makes it easy for you to keep tabs on companies,191 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article210 1982-04-03 8 APR 01 PT» CO RB BILLS Alr-UquM* B 8 N Otrnll Danonc CIP (Thotnjon «1 1361 •a -M cm[ I 1*0 -U Cte nwnm a** PMTOIM Com manic ninncim liiao •u Coenwnie Otncnlc Cradlt PoneMr D» Plane* •1 HadMtU (Libnurta). Machlnoo Bull IHrhiHn (B) «u BJft 01 unch -<L25210 words
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Article72 1982-04-03 8 APR «1 rr» FORWARD MARK IT «MC «a* ArtMd 14M Astur m i Brucui m ♦t 6 Bni-Luso 1MB -1» ,cr at ♦i Dt Bwn BO un ch SfVnTu FT— i unch S B -X OS i -U 1 1 ♦4 8oc OtO Be if Softoa Bohmj A x»72 words
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Article186 1982-04-03 8 APR W Da Aaf-T«tefun tea OjH ■U fU Alls Van iU 00 unci) ma.MT 13AM 14 Bay H T Wbank ***** 1J Bt; Ybank Bi m Butr 117 JO 411 BSc »J0 4 ft BMW X1XJ0 411 niiii MB 410 Cltam Varw 214(0 I CooMntuk IMM 4 IS ConU186 words
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Article150 1982-04-03 8 APR *1 Action* 8uM r TU M« MS Aim Bro tula ■Tl I R4 !U._22S 111 in MS 9n -1 t un ♦1 ♦1 A ch i i Ctta aw C1M (Mo (M«j (MO jrV v%S9 St 1_L^ ■Vi'aB -J B -J ♦1 rfw r*< MB +1 STB IM»150 words
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Article117 1982-04-03 8 APR M ABM Pis -1 Ahold *H unch Afcao IMS unch AMEV Amfaj BX 71.00 ♦0.1 1 Amroonk ssr4M0ad -1.7 Bote BorauaUj MJ0 -12 BurtuMnn JIJ) 0.4 Cal»t Dalft nxi Mij mn .1 Ennte Pokkar I14j00 *J0 -1 unch Port (Hmnn OiMhroc <M0 unch (totals HJSSS" MJO ♦M Hundou117 words
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Article62 1982-04-03 8 APR I Jr. 1M OA y^'ssi n MS -u rm ord OaoanOl 1M -M MM -un 1190 MB -UD IW '1100 MO -U aw -*i# i' Jt Ord WW -wo mio -m L i 1 ptJB5| 1M -cm I sVjVtK 10 -M -a rao -im ♦I -f t r-inF62 words
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Article94 1982-04-03 8 AMI H cs H ti uneh CTG metis ESSES f H Mui von BP Cut LM r r'" MiiiiiBiSiiiTii H -t» m 11 fl Cocntoco Com Bath COM Utftmof Dmi>O» HB HB Dob Mora M« DM TV lt<« Doom MIBM 14 fileooMdii Ot Mart Uk 1MB ancil Ot YtUov94 words
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Article205 1982-04-03 8 APR Rand INDUSTRIALS A Alpba M unch Aiweoa m AI And a m A MIC MM Bartowt m aft*! MX A a» -m Currt* noun B& audi Dt P—n Ind Mean 1« mo *m Rd'vS m PugK MB Q*rdULT, OtHMUkl Onltmo MM tUHm Hlwld m HutrtU «0 Ubart? Loarto205 words
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Page 8 Advertisements
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Advertisement564 1982-04-03 8 [*<;\>,}-<\{<^_)!???>&_]:&*&,.& iim to nine, dine and eniei > Don't leave home without it. To apply for he American Express Card Ca11:*****33 mm: (OMIXIM.S Htsl\ t K s I Before you flv av*. ,iv t< > foreign lands, v he*. k-in Your bags then seek. out the Five C ontinents Restaurant.564 words
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Advertisement89 1982-04-03 8 Exrx Restaurant a Ox key Mse/Peneng Road, Singepora 0823 Tel:737tlll(2ol»«ee> V* c# restaurant Try our sumptuous delicacies from the Hunan Province. €^3 Renovated additional new car park now reedy for use Oncflfe 214 Dunearn Road. Singapore 1129 Tat *****40,*****22 frr V A tempting variety of good f00d... Great tavourtMMcechtW crab,89 words
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RAW MATERIALS
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Article170 1982-04-03 9 CHINESE Mini Exchange, per 199 kg jselwiay. Cm—t Bulk (ob $*.00 sellers, old drum (in second hand dram) (ob $108.00 sellers, new dram (ob $112.00 sellers. Csgra: Mixed (looae) $«7.00 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper (aq fob NLW $370.00 sellers,170 words
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Article138 1982-04-03 9 TARN aad cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-dowa) Gsttsa yarn: China Blue Phoenix 20s 2.419; 9s 3,070, 49s 3449 (per bale at 499 lbs). I»," 1 75^ mp' sJ4; NT roller ginned 5J2 (per lb). CLOTH in HK dollars, wholeaale prices,138 words
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Article314 1982-04-03 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-gooown: THAI WHITE: 100 per cent first class (Kangaroo) new crop IJO, 100 per cent second claai LOS, 100 per cent third dass LOO, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: .A-auper 0.70, Special314 words
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Article66 1982-04-03 9 THE STRAITS tin price la Peaaag yesterday held steady at MS2IJB a Idle, still within the ITA lower secter price range of $29.15 aad $ttM. The market attracted streng snppert (rem the fcaffer manager, while lacreesed demsad (rem Japaa aad seme small lecal lemsal alee aided sentiment. Tetal66 words
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Article32 1982-04-03 9 Rubber: Apr 2 Singapore: April: 186.00 cents (down 0.50 cent) Malaysia: April: 207.00 cents (np 1.00 cent) Tin: M 529.08 per kilo (unchanged) Official offering: 220 tonnes (np 2 tonnes)32 words
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88 1982-04-03 9 PENINSULAR Malaysian tin concentrate output rose to 6,980 tonnes containing 5,261 tonnes of metal in January from 6,634 tonnes containing 5,084 tonnes of metal in December 1961, the Mines Department said. January deliveries of tin concentrates to smelters totalled 7,395 tonnes containing 5,574 tonnes of88 words
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Article1116 1982-04-03 9 NEW YORK STOCKS STOCK PRICES IN New York on Thursday shot up, buoyed by Wall Street's optimism that President Reagan may be willing to compromise on bis Federal budget proposals. The Dow Jones industrial average closed at 833.24, up about 10V* points, with about eight points of1,116 words
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Article222 1982-04-03 9 RUBBER prices in Singapore yesterday closed slightly lower with April One RSS buyers quoted at 155.00 cents per kilo, down half a cent from Thursday's clone, dealers said. Morning prices were marked down slightly on some profit-taking after a marginally higher opening, they said. The afternoon session was quiet222 words
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Article307 1982-04-03 9 RA8 price* In cento per kilo yesterday: (per kilo) i Scflvs (par kflo) tot. 1 R.S.S. prompt C o b IS 00 Int. 1 R.S-S. April IBJ» toL 1 R.S.S. May 1BJ0 tot. IRAS 170.00 UK/o»t mm Int 1 RS.S IK JO UK/Cob! 104.50 tot. 4 R-S.S. 1SSJ0307 words
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Article88 1982-04-03 9 NOON MR aad 8MR prim f UA$ jCrnnSS'mm wrt Mtk) mK" 5MON MMO "iffT-OON 1«40 UAJOON MUO *****N April Urn, 1(7 JO IMlMN 100J0 101 JON 1 107 JO 1W00N MM (01-00 S 1(7 JO UOJON 1(0J0 101 JON UNO UNO UNO UNO 1MJ0 1MLOON LOLM 1MJ0N88 words
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Article230 1982-04-03 9 SOYBEAN futures in Chicago on Thursday edged off day's highs late on follow through prnffsilnnil selling and local profit-taking, to finish 3V« to IV* cents a bushel higher. Many traders viewed Thursday's price action ss constructive despite the late partial retreat, since the market dosed above the technically important230 words
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Article160 1982-04-03 9 WHEAT futures in Chicago on Thursday closed near the bottom of a seven US-cent range, off 5Vi to IVj cents a bushel in mostly local trade. Traders «aid once sympathetic local demand following early stength in soybeans dried-up, chain reaction long liquidation met a vacuum of buying interest, forcing160 words
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Article778 1982-04-03 9 COPPEE: Robusta futures yesterday were steadier at midday, between £22 and £1 a tonne above Thursday's close in traded positions, dealers said. They said the two near months extended their gains at the final morning call to finish at morning highs. Commission bouse buying was beUng the late778 words
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Article154 1982-04-03 9 THE Kuala Lumpur crude palm oil market yesterday eased in late quiet trading despite the Indian State Trading Corp purchase of 5,500 tonnes for May shipment at US$5OO and 5,500 tonnes June at $49fL In April, south was unchanged at M 5935 per tonne and north at $990154 words
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308 1982-04-03 9 EASIER and fairly active conditions were seen as levels retracted five cents overalT on lack of follow through, after last week's good run up, HsMay, Caller, Bath aai Caapaay said in its review for the week ended April L Withdrawal of the support buyer308 words
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Article265 1982-04-03 9 Reuter UK DEALER ED and F Man (Coffee) Ltd Mid supplies available to International Coffee Organisation (100) Importing members could exceed their requirements by up to 2.9« million bags during the nine months to end September this year. In an analysis of the world coffeeReuter - 265 words
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409 1982-04-03 9 UPI A 26 per cent drop in the volume of corn exports pulled February exports of US (arm products one per cent below a year earlier. The US Agriculture Department said on Thursday, "A major portion of the decrease thus far in fiscalUPI - 409 words
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422 1982-04-03 9 Reuter WORLD FISH meal output is likely to fall 15 per cent to 4.45 million tonnes in the 1381/83 season (Oct/Sep) but usage and exports should rise sharply, the Hamburg-based publication Oil World said. It forecast fish meal disappearance will rise to 4.40 mflltnnReuter - 422 words
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Page 9 Advertisements
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Advertisement173 1982-04-03 9 Are you often tired, tense and anxious? Do you suffer from backache, rheumatism or varicose veins? Do you have a weight problem? Are you worried about your heart? Has your urge to'get up and go' got up and gone? Donald Norfolk believe! v HL that many of our chronic t173 words
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1490 1982-04-03 10 BID and offer prices officially listed and business in and reparted 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 COMMERCIAL Ami (2.88B) (1)1,490 words
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Article156 1982-04-03 10 ■mink unrrr ibut The Saving* Fund l.M V.Ttxd S'pore Prof Fund UB 1JB S'pore Sec. Fund i.n iw S pore Irat Fund 108 1.11 S pore Equity Fund 1.M 1J0 DIAMOND MOT rrOU DtUDOOd S'pore Fd (US|) 0 0 O B S» 1.31 (Mar)(today) DtCOME DOWD UNIT tMAum156 words
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Article2811 1982-04-03 10 1M1/1M2 High Low Coapaay Last Sale orGr*s Div DW C»r Gr's 1 YTd 1 Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 306 233 283 320 141 291 480 292 247 172 246 320 96 199 350 240 Aetna Alcom Allied Choc BAT2,811 words
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Article1457 1982-04-03 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 at 1,000 units, unless other- wise specified. DfDUmUU Atoaa (IMS) (1) LM (If) 1-22 (1) LSI (4) LB1,457 words
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Article150 1982-04-03 10 FAB fshiiiim—I» nip bnfldtag IMM: 16th AGM to be held at No 31 Shipyard Road, Jurong Town, Singapore 2362 on April 5 at 1330 hrs following the EGM. PARAMOUNT Ciwtif lirhsl Twelth AGM to be held at BOik Suria, 10th Floor, Hotel Malaya, Jalan Hang Leklr, Kuala Lumpur150 words
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Article537 1982-04-03 10 BHABE prteee iw at the sr BfT tkttr Feeeaee Freoa B dm li t ta the wiietsg, prteee a»y«4 Wgher Jw»re tradlag. utU Jaet Mere (Mi| wkea UM*?Mtß| the Meed wee aewselarally la New York Wall Street nee Aarply ea nip Kitetliae of a steep537 words
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Article571 1982-04-03 10 GOOD all-rouad support helped to boost price* on the Kuala Lumpur stock market yesterday following two successive Wilms of trendfcss trading. Burineas done was also sharply increased, totalling 3.043 million units worth MJ11.579 million against Tlnrsday's 1.893 million units worth $6,908 million. Stocks opened on571 words
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COMPANY NEWS
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351 1982-04-03 11 THE Foreign Investment Committee (FIC) has approved Unilite Electrical Industries Berhad's scheme of capital reconstruction, its 30 per cent participation in Malaysian Lamps Sdn Bhd (ML) and its proposed acquisition of two property companies and a trading company. The two property companies which unilite is351 words
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ASIAN STOCKS
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Article257 1982-04-03 11 PRICES in all sectors in Sydney yesterday eased on low volume as overseas traders stayed away on political uncertainty ahead of today's Victorian state election, brokers said. At the ckse the All-Ordi-naries index was down 1.3 points at 460.1. The resource index fell 1.9 points to 330.4 and the257 words
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Article124 1982-04-03 11 THE Manila market yesterday closed weak as commercial/industrial and oils joined mining on the decline. Turnover was slightly down at 1.5 million pesos from Thursday's 1.8 million. Baguio Gold was a gainer at 0.0013 from 0.0012. Among losers were Lepanto at 0.076 from 0.078, Basic Petroleum 0.0092 from 0.0096.124 words
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Article104 1982-04-03 11 SHARE prices in Bangkok yesterday closed generally steady in weak trading, dealers said. The Book Club index dropped 0.27 of a point to 90.71 on a turnover of 4.4 million baht. Bangkok Bank, First Trust and Industrial Finance Corp closed unchanged at 206, 40 and 102 baht respectively while104 words
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Article225 1982-04-03 11 HONGKONG THE Hongkong stock market yesterday closed near its highs after Arming most of the day and with light afternoon profittaking easily absorbed, brokers said. Prices rose initially following Wall Street, and extended the advance on an absence of sellers. However, trading was limited ahead the long225 words
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Article327 1982-04-03 11 SHARE prices in Tokyo yesterday closed higher, led by blue chips and issues related to government public spending, with sentiment encouraged by the firmness on Thursday and the overnight Wall Street upturn, dealers said.' The market average gained 39.29 to close at 7,332.96 in an active327 words
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Article133 1982-04-03 11 BENONG Tta Dredgtag Cm Ltd, a 16.11 per eeat-swaed —hMliry d Spartotream lamlimsli Ltd, Wis tamed la aa dgkttoM Increase la pre-tax preflt to MfS.l2 mllUh (no W4JM tor the six ■Matte to Dee SI, IMI. Bat tke sharply Mgker prefit was nsstaly dae to a sarplas133 words
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Article851 1982-04-03 11 LONDON, Thurs. The market was firm but early rises were exaggerated by a Mortage of stock and most issues ended below the highs. The Financial Times Index was up 1.6 points at 570.1. Thorn ended Tp higher at 440 after 446 and Bowater was lust a penny higher851 words
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828 1982-04-03 11 SIOW LI SEN - .THE iom< THAT VIS By SIOW LI SEN MARCH turned out to be a testing ground after February's short and disastrous performance. By the end of last month, despite a definite swing in mood from gloom to a feeling that the worst828 words
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Page 11 Advertisements
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Advertisement797 1982-04-03 11 H Z H 2 H cc a z H H EZ2 H H z OQ 05 H Z o as fc a z Till: CONI'KKKN( K '•wnership (>f hou e land and properties ir. land-seai.e Singapore and in other dev resource-rich count! it's has m_; fieen :e< •< as an797 words
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Chief Price Changes
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Article139 1982-04-03 12 Rises Indices Straits Tridiif Isl&Mi ft Pen Aabtftador 010 TOO 670 35 30 30 BT Indicator: Apr 1 Apr 2 *****0 *****2 I C B 600 30 Industrials: 726.30 733.90 M B P Hides 406 26 Finance: 1658.86 1670.72 Home Leonf lad KMC 1* 25 Hotels: 1090.61 1096.07 22139 words
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Article, Illustration156 1982-04-03 12 Rises Indices S Trading 1020 Tronoh 900 MBF 438 Seacorp 620 Pe tiling 900 MMC 302 Haw Par 358 Wearnes 434 G Kent (M) 590 N Iron 600 +50 +30 28 +20 20 19 16 16 15 15 Apr 1 Apr 2 BT Index: *****2 *****4 Industrials: 860.39156 words
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Article51 1982-04-03 12 FINANCIAL TIMES INDUSTRIALS Thursday 570.1 Wednesday 5683 Week Ago 568.9 DOW JONES AVERAGE INDUSTRIALS Friday 1196.27 Thursday.... 1174 JO Week Ago 1188.18 AUSTRALIAN INDU8TRIAL8 Friday 619.9 Thursday 6203 Week Ago 626.7 Thursday 833J4 Wednesday 822.17 Week Ago 827.63 HJLHANG SENG ALL ORDINARIES Friday 4603 Thursday 461.2 Week Ago51 words
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316 1982-04-03 12 AMERICAN investors residing in the US now have the convenience of the American Depository Receipt (ADR) facility when dealing in the shares of Overseas Union Bank. OUB is the third local bank to have established an ADR facility. The first two were Development Bank of316 words
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Article557 1982-04-03 12 INDUSIWAL Oxygea be BM has been admitted to the official list of the SES. Trading in its 8.5 million M$1 shares will begin on Monday under the First Trading Section of the Industrials and Commercial section. CITY Developments has stated that the possible flotation of its subsidiary, Singapura557 words
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276 1982-04-03 12 FOLLOWING in the trail of other plantation companies, Dunlop Estates Bhd (DEB) has also suffered a sharp fall in earnings for the financial year ended December 1981. DEB, currently subject of a takeover bid by Multipurpose Holdings, saw its pre-tax profits plunging nearly 40276 words
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Article481 1982-04-03 12 MANO SABNANI - r Companies Editor: Mjto Sabnani By MANO SABNANI THE Industrial Commercial Bank, one of the smaller local listed banks, has outshone its bigger counterparts in terms of earnings growth rate for 1981. Yesterday, the bank disclosed that its group net profits after providing for481 words
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Article440 1982-04-03 12 PECK Hua Holdings (PHH) has left the Malaysian Foreign Investment Committee (FIC) to answer the question of a general bid for the minority shares in Lien Hoe Industries (LHI). LHI disclosed this in a reply to a Kuala Lumpur Stock Exchange query regarding the sale of440 words
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296 1982-04-03 12 HARIMAU Investments Ltd, the closed-end investment trust of the OCBC group, has reported a marginal growth in pre-tax profit but a significant increase in net tangible asset backing per share for the year ended last December. Group earnings before tax rose 3.8 per cent to296 words
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130 1982-04-03 12 THE chairman of Morgan Grenfell (Asia) Ltd, Mr John Sparrow, has resigned. Mr Sparrow, who was only recently appointed the company's chairman, has been made head of the Central Policy Review Staff in the Cabinet Office in the UK from April 1. He will be130 words
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LATEST
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Article150 1982-04-03 12 has reparted a Hi per eeat trap la net leas to 1888,411 far the year eaded Dm SI, 1181 (1777,417 prevtl£e lmpraveaseat to the tosi sttoattea at the eperattog level befere deprectotlen aad Interest pravtotoa was ealy in,741 (tfttftt). Bat after providing far depreetottea at $211,8»150 words
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Article586 1982-04-03 12 mm*** by HOCK LOCK SIEW IT IS both amazing and disappointing how easily some local analysts get swept off their feet when they come face to face with so-called experts in investment fund management in such places as Hongkong. Other than sounding apologetic in their presentations onby HOCK LOCK SIEW - 586 words
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Article59 1982-04-03 12 THE Btaek Prcket» tt Blac»Mrt Im fpwM Grawtk MgU Bilfcff •?toe irnlw wk* neeuttj wliU— htte 'eaakaaie Im «Im uM the r—p>ay to «to ekaaer. GIB kM h to ssiassos It Mtj nwM tke nle «Iter toe SEB ka4 faeried tt •a tke reeeat toereaae59 words
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Page 12 Advertisements
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Advertisement494 1982-04-03 12 It you tougM m It lived tttrougti It-'or Htst wonder wtuM It was realty like. n M 4+4 hi w 1 NOW FROM g§§ H A Japanese kamikaze plane thunders toward the deck of the new U S carrier Hornet in 1945 it missed as did published! Relive the War494 words
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Page 12 Miscellaneous
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Miscellaneous64 1982-04-03 12 W EATaH EBI OUTLOOK for Singapore today: Fine in the morning and evening, rain in the afternoon. Bepart for 24 bears prtor to 1M pan ea April 2 at the alrpert: Maximum temperature 31.9 Associated humidity 69 Minimum temperature 26.0 Associated humidity 92 Hours of sunshine 2.20 Rainfall in millimetres64 words
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