The Business Times, 17 April 1982

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, APRIL 17, ISB2 60 CENTS
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  • 417 1  -  By MAUDRENE NITHIANANDUM THE four publicly listed, closed-end investment trust companies have been granted a tax concession by the Government. The concession, which allows part of the management fees paid by the companies to be tax-de-ductible, takes effect for the year of assessment 1962.
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  • 183 1 Reuter MORE than a quarter of Britons want British forces to bomb Argentine military and naval bases in an attempt to regain control of the Falkland Islands. An opinion poll published yesterday by Market and Opinion Research International in the Economist magazine, shows that
    Reuter  -  183 words
  • 359 1  -  By SOH TIANG KENG THE US dollar yesterday shot past the 2.15 mark against the Singapore dollar its highest since last September in nervous trading in the foreign ex* change market. Riding the wave of strong buying demand, the US currency also firmed against major
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  • 545 1  -  By WANG LOOK KEAH GROWTH of the aerospace industry slowed down to 15 per cent last year from the high rates achieved in the *****. But it is expected that this will be a better year for the industry. It is, however, commendable that the industry
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  • 391 1 HOTEL Pavilion Intercontinental Singapore, the latest in a line of luxury hotels in town, is expected to gross over $«0 million next year, with more than $16 million coming from its food and beverge division. Expected to open in June, it will have
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  • BRIEFLY...
    • 58 1 Reuter SYDNEY, Fri. Sydney wharves have begun returning to normal after the lifting of bans on cargo movement caused by a union demarcation dispute. Executive director of the Association of Employers of Waterside Labour, David Erskine, said it will take one or two days to clear container terminals
      Reuter  -  58 words
    • 65 1 Reuter TOKYO, Fri. The Finance Ministry does not intend at present to invoke emergency measures, allowed under the amended 1960 foreign exchange law, to defend the yen. Vice-Finance Minister for International Affairs Kiichi Watanabe said that although the ministry does not like resorting to such measures it will
      Reuter  -  65 words
    • 82 1 Reuter AMSTERDAM, Fri. Libya has almost certainly bought a Belgian oil refinery in pursuit of efforts to increase its oil earnings by processing more of its own crude. West German refiner Mabanaft said it sold its Antwerp Albatross refinery, with a capacity of around 110,000 barrels daily, in
      Reuter  -  82 words
    • 57 1 AP BEIJING, Fri. China has warned foreign businessmen who engage in swindles, bribery, speculation or espionage in China that they may face prosecution, but said legitimate traders can make profits. Articles in official communist party publications reiterated the importance China places on keeping the door open to foreign
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    • 62 1 Reuter BANGKOK, Fit West Germany has agreed in principle to extend loans and grant to Thailand totalling 88 million deutschemarks for various development projects. The first loan of 35 million marks will finance construction of two dams in Namphong about 440 kilometres north-east of here and the
      Reuter  -  62 words
    • 70 1 Reuter TOKYO, Fri. There is no scope for restrictions on specific agricultural products to be lifted in Japan's next round of market opening measures to be decided by Japanese economic ministers on May 7. The remark was made by Japanese Agriculture Minister Kichiro Tazawa. The US has been
      Reuter  -  70 words
    • 92 1 Reuter PARIS, Fri. The French government plans to cut the revenue from the professional tax, which is levied on companies, by 11 billion francs, or more than 10 per cent, over two years. After a meeting between Prime Minister Mauroy and Employers' Federation leader Yvon Gattaz, a spokesman
      Reuter  -  92 words
  • 213 1 LLOYDS Buk later—tt—»1, already a leader la leaae ijadhstlsa la Hugkaag, will to slupplag ap He Mmm la Ike regiea through Hi hue la Sagkpera. With aa lOtktm hraaeh here aad a aew mwrtut haak wkiek U hapee te •tart iemetlme aext
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  • 419 1  -  By LOH HUI YIN MORE developers are using the services of marketing consultants and real estate agents to find buyers during the current property market downturn, said Mr Wan Fook Kong, a partner of Jones Lang Wootton. This is because developers are facing difficulty
    419 words
  • Page 1 Advertisements
    • 243 1 Bookshops THE American Federal Reserve may have tightened monetary policy but the evidence is not yet conclusive Page 2 THE Emporium Holdings group is actively looking into new areas for diversification in anticipation of stiffer competition in the retail trade by the middle of this decade Page 3 THERE is
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    • 42 1 Worldwide management experience at your fingertips. lr m iYO^* u, **■?< rv^ve's D, gest World Executive's Digest Now available at all bookshops, emporiums newt-stands. Distributed by r?£l FEDERAL PUBLICATIONS 18(161 1 New Industrial Road, Singapore 1953 l/*fJ A member of the Timet Organisation
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    • 25 1 The Straits C T2. a !l' es Times Key PersonneL DIRECTORY Agencies Singapore (Buku Merah) .])/]<>-=|-\@{/~&%>)~~|[_'{\?$$ J?- A% z AT k? ,-Cr o^V® A D*K&i^ or
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  • BANKING AND FINANCE
    • 477 2 Reuter THE Federal' Reserve may have tightened monetary policy, some money market analysts said. But the view was not unanimous and the analysts who suspect a tightening said the evidence is not yet conclusive. The Fed's activity in the open market, however, leads
      Reuter  -  477 words
    • 244 2 Reuter THE UK broad based money supply aggregate sterling M-3 rose by £200 million or 0.2 per cent, seasonally adjusted, in the four wesks to March 17, the Bank of England said. This was broadly in line with the bank's preliminary estimate last
      Reuter  -  244 words
    • 606 2 NYT AMERICAN corporations would gain a more immediate advantage from the controversial tax-leas-ing programme under a new ruling released on Tuesday by the Financial Accounting Standards Board. It would allow companies to report the income they earn from selling tax benefits in the year the
      NYT  -  606 words
    • 227 2 THE GROWING demand far treasury ceasaltaacy has led te Bank ef America stepping ap these services for HseUeats. At the —meat, the Sngapere branch of the hank Is one at the few here giving advice Is its eustimere regardlng the foreign expected rlsslng mles
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    • 67 2 Reuter CHASE Manhattan Corp will acquire a unit of Suburbun Savings and Loan Association of Wayne, New Jersey, for about US$7O million. It signed an agreement with the bunk's Suburban Constal Corp unit to acquire most of Its assets. The exact purchase price win be adjusted to
      Reuter  -  67 words
    • 728 2 Reuter ARGENTINA is unlikely to be declared in default on its foreign borrowings unless it engages in full-scale war with Britain, chairman of Lloyds Bank PLC Sir Jeremy Morse said. Morse said: "If we engage in full war, (default) is bound to happen,
      Reuter  -  728 words
    • 180 2 Reuter FRENCH President Francoil Mitterrand called for the International Monetary System to be rebuilt on the of concerted —n> ment of the US dollar, the yen and the European Currency Unit (ECU). During fab official visit in Tokyo, he aaid erratic fluctuations of currencies and Interest rates are
      Reuter  -  180 words
    • MONEY AND EXCHANGE$
      • 434 2 TRADING oa the foreign exchange market yesterday was thin and quiet. Dealers said there was a lot of uncertainty among traders as bankers and economists forecast a large Jump in US money supply. The American unit strengthened against some of the major currencies but weakened against others. Against
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      • 79 2 THE US dollar in Hongkong yesterday eased to 247.00/75 yen from an early 248.60/70 and New York's 248.20/30 finish. The Hongkong dollar extended its loss to 5.8300/8410 to its US counterpart from 5 8300 30 earlier and Thursday's 5.8240/70 .close in Hongkong. Banknote rates yesterday: US 5.81/5.82 UK 10.70/11.70
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      • 164 2 THE tiollar for overnight delivery in Tokyo yesterday closed weaker at 247.70 yen, having opened at 248.30, dealers said. It also was lower than the 148.20/30 close in New York overnight and the 248.30 close in Tokyo on Thursday. Trading volume was a light *1-14 billion. The dollar rose
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      • 39 2 RANGE at prices ottered by discount house* on April M: Overnight: Oil deposits S*« ClaiUf ItariM 8*U»»« 3-month Treasury bills 3H 3H 3-month Bank bills 8'« 3 months CD 8H «monthsCD 8 9/1« 87/1« Source: National Discount Co
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      • 22 2 THE average rate at which major Singapore banks are earreatly prepared to lead to their beet customers is 10.13 per cent.
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      • 175 2 ASIAN ASIAN currency deposit Interbank rates as at close on April 16: US MUrt<8*M) Offsr ad 7 days 151V*****1/U 1 month UK 1SH 3 months 15% 15V. 3 months 15% 15W months 15% 15H months 154k 15* 13 months 155/10 15 VW Dm. 'Ml Jli r 1 month (■■■air ram
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      • 54 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 19 to April 21 and on April 23: Offered: 1100,000,000 Applied far: 1139,000,000. Allotted: $100,000,000. Accepted Uds: 599.16 approximately 84 per cent higher bids in full. Average rate af diacwunt an aUatmeat: 3.370
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      • 330 2 SINGAPORE gold futures yesterday closed slightly firmer compared with overnight levels after fluctuating marginally throughout in light trading, dealers said. Total sales for the day was recorded at 144 kMs while kerbs volume at seven lots, they said. Prompt dosed slightly higher at US$3B6/3B an ounce against 363J0/365J0 on
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      • 33 2 New York 7.C5B 7.718 7.42B 7.«B Zurich 7 «B 7 4KB 7_71S 7 JK Wmt Shpport 7JBB 7.<28 75JS Ootfocprk a troy ouac to US c. doUan Source: Credit Suisse, S'pore
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      • 115 2 THE dollar in London yesterday was generally firmer against other major currencies in quiet early trade while sterling was slightly steadier against continental currencies. Dealers said the market was fairly subdued in the absence of fresh developments in tense political arenas such as the Falkland Islands and the Middle
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    • 85 2 Reuter THE Bank of Japan has offered to sell TOO billion yen of OMay Japanese government bills, maturing May 31, to flnsnrisl institutions and securities houses. The bills will yield 18» per cent. Last Friday, the central bank sold 800 billion yen of the
      Reuter  -  85 words
    • 780 2 Reuter THE Japanese Finance Ministry denied a local press report that the ban on sales in Japan of zero-cou-pon bonds would be lifted at the end of this month. The Jiji News Agency had said the ban would be lifted temporarily for about three years under a
      Reuter  -  780 words
  • Page 2 Advertisements
    • 108 2 J HER L WORLD tJ COOKBOOK OP 4 I The first ever complete Singapore home (cooking book consisting of over 470 ■recipes. All the recipes were tried and ■tested by Terry Tan over some 25 years. [These are typically Asian dishes close to ■the hearts of SingaIporean, whether they fare
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  • TRADE AND INDUSTRY
    • 392 3 LLOYDS Bank International Ltd has announced the following appointments: Mr Ng Chaaa Baa has been appointed account manager with specific responsibility for developing local business for the bank. Mr Peter Waag Maa Teh has been appointed assistant manager (administration) in succession to Mr CP Badcoe, who will
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    • 221 3 wSI PWtvtotf iMpMprMi Inan deatiaTZts. Tkw «aSakm Boor areas ranging from M sq ni to Mt sq m. For the larger aatts, bttwuu 170 sq m and SO sq m, the price to slightly above market rates. However, the developers are still confident they can be
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    • 341 3 A CONFERENCE on computerising the construction industry will be held later this month at the World Trade Centre. The conference from April 26 to 28 will be attended by about 40 contractors, architects, engineers, property managers and quantity surveyors. It is considered timely because of the
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    • 322 3 SINGAPOREANS looking for long-term property investments overseas should take advantage of the "very flat situation" in the Australian property market. This is especially so in the commercial and industrial sectors, where supply is still insufficient to meet demand. However, the same cannot be said
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    • 218 3 THE Vocational and Industrial Training Board will apply to the Skills Development Fund for training grants to finance its staff fellowship and scholarship schemes. The VITB expects a total of 50 fellowships and scholarhips to be awarded in the next five years. The staff
      218 words
    • 720 3 SEMINARS AND COURSES March 1-May 6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS March 23-April 22: Certificate in Computer Data Procuring Module 3 Computer Applications in Accounting and Finance, NPB,
      720 words
    • 302 3 IT IS the ability to get along well with one's fellow workers and to work together that ensures the highest productivity. Teamwork is the key to successful management and survival in the world market. Dr Yeo Ning Hong, Minister of State for Defence,
      302 words
    • 551 3  -  By LIM SOON NEO THE Emporium Holdings Group Is actively looking into new areas for diversification in anticipation of stiffer competition in the retail trade by the mid-1900b. Mr Wang Tlng-Min, research and public relations manager of the group, explained: "We foresee that competition will
      551 words
    • 402 3 THE Singapore Hotel Association (SHA) is confident that its hotel industry will be able to achieve a ratio of one worker to one room by 1985. This is because the hotel industry now recognises the need to reduce its manpower needs through higher productivity.
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    • 133 3 LONDON-BASED periodical Business Traveller has launched an Acta/Pacific edition to tap the growing market in the region.^ The first issue was released this month with a lift-out air fares guide. It win publish 10 issues a year. The guide, to be updated in each issue,
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  • Page 3 Advertisements
    • 43 3 Clean motor tanker with zinc coatings in excellent condition available for prompt delivery. Particulars are as follows: Horse Power 1,000HP Qrt/Nrt Loading Capacity Port of Registry Flag Class Speed 673.71/403.33 1,300 M/tons Jakarta Indonesian B.K.I 12 Knots For more details, please caH *****65/6
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    • 324 3 ![{/?)*@<{;">;]>?!^"<*%&",@)&!; 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 pletform to market
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  • OVERSEAS
    • 569 4 Reuter AP THERE is now a higher risk of Hongkong's actual growth in domestic exports for 1982 as a whole not reaching the 7 per cent forecast in this year's budget, Financial Secretary John Bremridge said. The higher risk also applies to the forecast
      Reuter; AP  -  569 words
    • 150 4 UPI THE military geverameat sf lift»—l Geaeaeral B M Bnhai may be ikNt to abandon the 11-yMMU ladastrtal psttey ef aattwah- ■•ties la favear el "a dynamic private sector". Ershad, ohirt martial law administrator, told last week's meettag ef ladsstrtalists aad laveeton abeat the
      UPI  -  150 words
    • 663 4 NYT THE REAGAN Administration has decided to avoid further conflict with European allies over a Soviet natural gas pipeline and will seek instead to establish common ground rules far East-West trade at the Versailles economic summit on June 4-6. Officials said the administration has already
      NYT  -  663 words
    • 342 4 SAWMILLS in Malaysia are bearing the brunt of the recession in the timber market. Falling prices in the wake of a slump in orders from traditional markets like Europe, US and Japan have put a number of sawmills out of business. It is believed
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    • 320 4 Reuter NIGERIA is unlikely to attend next week's Opec committee meeting to consideroil company pressure for a price cut by Nigeria because Lagos thinks the session is unnecessary. Officials said Nigeria's presidential adviser on petroleum,* Yahaya Dikko, had no plans to travel
      Reuter  -  320 words
    • 304 4 NYT IN REMARKS implicitly directed at the Reagan Administration, the president of the World Bank. In Lagos for a visit, complained of a "tragic" failure by Western governments to meet development aid commitments designed to alleviate suffering in the Third World. Although
      NYT  -  304 words
    • 298 5 Reuter FRENCH inflation and unemployment rose last month, indicating that the government may have trouble achieving a rapid economic revival. The state Statistics Institute issued its figures as Prime Minister Mauroy held a week of "confidence-build-ing" consultations with French union and employers'
      Reuter  -  298 words
    • 300 5 AP CHINA has entered the airplane export market, putting a new 9&seat airliner on sale at the Canton Trade Fair that opened on Thursday, the official Xinhua news agency reported. Xinhua said that for the first time, the fair features products of Joint ventures
      AP  -  300 words
    • 228 5 AUSTRALIA'S third largest corporation, Conzinc Riotinto Australia Ltd (CRA), has bought a 50 per cent interest in Japan's second largest aluminium smelting, fabricating and marketing company, Showa Aluminium Industries KK. At a cost of AHOO million, it is the first large direct investment of
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    • 273 5 AFP China plans to increase substantially its exports of strategic minerals such as titanium and uranium, according to the bi-monthly Communist Party theoretical journal Red FTsg. The English-language CA/na Daily yesterday carried a Red Fl*g article saying: "It is a hackneyed
      AFP  -  273 words
    • 178 5 AFP KAMPUCHEA'S pro-Viet-namese government has announced that the 1981-82 dry seaaon rice planting campaign was better than ex- pected, although it said the fixed target waa not met. The latest estimates by the UN Pood and Agriculture Organisation (PAO) in Bangkok put Kampuchea's food shortage
      AFP  -  178 words
    • 522 5 AP INDUSTRIAL production in major industrialised countries declined in January following a larger fall in December. The decline in January was 0.2 per cent following a 0.9 per cent fall in December, the US Department of Commerce reported on Thursday. Industrial production in five of
      AP  -  522 words
    • 562 5 Reuter NYT THE output of US Industry tell (or the seventh time In eight months during March. Washington yesterday reported that the recession has not yet run its course. Industrial production fell OJ per cent after a temporary weather-related spurt in
      Reuter; NYT  -  562 words
    • 566 5 NYT OPPENHEIMER and Co, a securities firm, has come up with a surprising of Wall Street opinion on President Reagan's economic policies. A poll of 138 money managers yielded an emphatic consensus that "the Reagan politics are salutary." Seven out of every eight respondents expressed agreement
      NYT  -  566 words
    • 582 5 UPI NYT US SECRETARY of State Alexander Haig arrived in Buenos Aires on Thursday with a call for a supreme effort to avert war after Argentina sent a fleet sailing towards the British blockade and vowed to take "selfdefense measures" around the Falkland
      UPI; NYT  -  582 words
    • WORLD IN BRIEF
      • 403 5 Agencies GENERAL Motors and Toyota Motor have agreed in principle to the joint production of passenger cars in the US in 1985. A Japanese newspaper, Yomiuri Shim bun, said both sides also agreed to asaembie 300,000 units a year of the Corolla type front-wheel driven 1,600 cc
        Agencies  -  403 words
  • Article, Illustration
    538 4 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anubis (after Niaga XXI ft Brilliant) 27/28 Atlantis (0530 shifts) 8/9 Barber Taif (Ro/ro) (0400 after General Franczek Kleeberg must starboard a/ side) 46/17 Bromelia (0900 after Atlantis shifts subj. freeboard) 19 Barber Tsu (after Barber Taif) 47 Eizan Maru (after Phoenix
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  • 750 4 ARRIVALS Service Local Operator Number Tine From PAA PA005 0145 JFK SFO HKG Cargoiux CVT96 0315 LUX DXB MAS MH15A 0020 KUL CAL CI331 0700 TPE SIA SQI01 0005 KUL MAS MH671 0920 KUL RBA BI421 1000 BWN MAS MH651 0920 KUL MAS MH680 0955 KCH SIA
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  • Page 4 Advertisements
    • 342 4 Asia, at your fingertips... Other than speed reading, there is another way you dan know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated all
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  • Page 5 Advertisements
    • 196 5 South East Asia Development Corporation Berhad NOTICE TO SHAREHOLDERS Your Directors are pleased to announce the results of the operations of the Company and of the Group for the year ended January 31,1982 as follows: 31.1.1982 Company Group $000 $000 3,445 16,014,506 31.1.1981 Company Group $'000 $'000 3,406 6,442,390 Turnover
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    • 455 5 HcrttS(MALAYSIA) BERHAD —————J (Incorporated in the Federation of Malaya) PRELIMINARY FINAL REPORT The Directors of Bata( Malaysia) Berhad have pleasure in announcing the audited reaults of the Company's operation for the year ended 31 st December, 1961 with comparative figures as follows: ANNOUNCEMENT The normally peak-selling second half-year did not
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  • 376 6 PEOPLE WHO find themselves suddenly in deep waters will naturally shout "Help!" But some property developers are expecting to be saved though they know the under currents are too strong. Even if marketing consultants can play life guards, they cannot be expected to perform miracles.
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  • 291 6 FEW HOTEL GUESTS realise that the average hotel in Singapore employs more than one person for every room. This labour-intensity is the result of personnel practices which were established a decade ago when labour was cheap and plentiful. The economy has changed remarkably since
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  • 1340 6  -  By ERNEST HOLSENDOLPH THE ANTITRUST agreement between the American Telephone and Telegraph Co and the US Justice Department has provoked a deep sense of uneasiness across America. Consumers are concerned that the breakup of the company and the passage of bills in Congress could hurt
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  • 1162 6  -  Bic, displeased with Gillette lor coming into their pen market, has countered the competition by moving into the latter's razors and blades market. NATHANIEL NASH relates the rather bitter fight between Bic and Gillette. NATHANIEL NASH NYT BIC and Gillette are at it again.
    NYT  -  1,162 words
  • Page 6 Miscellaneous
    • 657 6 CRYPTIC PUZZLE ACROSS 4 Double-barrelled name? <•) 7 They cover up (or the dirty work (8) I But it may give serious offence (9) 10 Run alter Lorraine? (5) 13 Uae seme (4) 14 Support from Rachel Perkins (4) 15 The success this may spell (4) 19 Is such wood
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    • 20 6 Br: Jt Sv': Jt Ll. xi see tue>/ ve spk%£> \utG> TfeoPut orl RjTr\rtG 1 cwewif*>e rTT^rnwrrm t>DNtXJ uOPvc. lEL?*!
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    • 652 6 B Report on the lassa virus IN THE paat SO years, the eu myd «alj be lAmUM mm ■uibcr ef wh iwwii wttk MrtaWf vhn the mm* Tlriici iflcettai kiaki bml iti|«r«u Is, ef bcli|i ku liereuci wi the 10th day, hM tun inaw>W IK. Om ef these I. etete
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  • 979 7  -  By RALPH NEERAJ MANY things in Malacca today tell the story of the centuries. Of Kings and Kingdoms. Of conquerors and the conquered. And of pomp and pageantry of an unforgettable ancient civilisation which carved a distinct personality for Malacca. In 1402, a Telugu prince named Parameswara of
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  • 1159 7  -  Macao, reports PAMELA HOLLIE, is seeking to recapture the past glories of Portuguese merchants of okl Macao, the fame and wealth achieved since the first Portuguese, Jorge Alvares, first stepped foot in southern China in 1513. PAMELA HOLLIE NYT THE ROUND CASINO on the first floor
    NYT  -  1,159 words
  • Page 7 Advertisements
    • 330 7 the Britannica advantage! it's the key to success in a competitive world That's why you should gtve 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 improving school grades and assuring
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 149 8 APR 13 ABM ru tu 1J AtaoW SM Akao M.TO -a# AMKV HJO 4U Amfaa AmroOiU mo mm 0J unch 22°" mm 0J Bote SUO -OlS Bonumli Burtunann 104-00 40M -0.1 >u CalAiwI Calva Mfl Dai) Mlj SUO ***** tt« ■u unch -1 Pokkar ***** sua -IJ 1 pom
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      • 169 8 APR u m CORBKILLK Air-Ltaud. rn Bl» Oonala 1 DUOM MM +1 CBr (ThomsonC**l~ 1» *1 CI* PrancalM PMfOtoi U< +0l1 Cn»np««nt* Ptnanclart Oooipagni* Q«n*rm]* Cr*dlt Fonder D* Franc* MM ♦IJ HtclMUt •liSSSTtarrz; !ii iS KSSf"" P*chln«y Cigint Kuhhnann P*ug*ot Hi Phlfip* <M» Qm _M*> Tl.» PrtatMBn S A
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      • 59 8 FORWARD Mi Arm* Aftoad HR 433 1431 KBT -1 -40 Aatur Bnaemo ■ru-Loafe -40 Da Bocn m i J-3 1W 44K -u 411 j~5Sas5 tz -M -M M -5 fc -U a 8oJ»«y A XI IB 2114 -m •IK Tinki U Mln V Mont ion .m CASH MAR Ajaur
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      • 121 8 a*«O nS -OJ Alls Lrbcn Alia V*n iram BAST Bay H T Wbtn* Bay Vbank 1JUB X» 00 MM •U sr 1MM •LI BMW aajo moo MM -U Ctwm Vmi 1 -14 ConU Oummi Dalml*r B«nj a. 10 mm B' jh— naooe 177-M »coo 1(1 JO IX TOM* Dyckartooff
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      • 117 8 AFB U rnaei AcUooa BuMM Bn A1 unlaw Br. »10 *5«)" a* im fcown BoriT ar 1MB -a g2g£Pc=:Sr a&lFar 1 *h n*xn -a £Sp&£irz:Sr 5" ss-."-= a "sr Hoffman I* Roch« l/M UM -18 HnWrHmt Br as -li loterfood Br KM -M J*ta»oU Br w Moior-Ootambu, m unch
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      • 57 8 4r» 1H -4.1# *«3D -140 ***** -m tan -m *****0 -1300 M 16 MOO -00 IM -4* MM -300 daw uncb ***** -IS00 ***** -00 mo +a ia -4 Olivetti Ort mt uneh Pir.ni r Ptrtlll 8f» 1310 1 *****0 -075 Rlnttotnu CM M0 -1 •M-. in -a iao
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      • 119 8 APK u c« II a M XI a 11 AImh Alcoma Bank Mont •It unch Bant Norm Scotia B*U TM Beth Corp unch BP CWTZM 1 H -It Ounc in* H Carttaj OTUrti Comlnro Con* Bath Con» Uvtasor Dankoc Dmiaoo 1 unci) 41* -1 U unch H SB BH
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      • 245 8 APR U taj nd i/. INDUSTRIALS a Alpha M 1 unch Aberrate SM i >1 At And ci 7* unch W +U C| Sunt 3* im>> <*A Currtt riniAct •JO unch 9ft ItMh Dt Baara lad Bdcon unco 14MB unch Ev*r*»d> Pad Voik 4MB Pu«H tat «s Oardlan QHmnl
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  • Page 8 Advertisements
    • 224 8 lie, dine and entertain Don't leave home without it. To apply for the American Express Card Call: *****33 Ideal for picnics rDotpfpnSnadiShop Thursday Beef Rendang f r Saturday Ayam Goreng Sunday Fish Ball Rendang All served with pickle and plain rice Delicious Nonya Packs 4k available 7 days a week
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    • 64 8 JAPANESE RESTAURANT h( >r sushi. hor teppaniaki. h)r other authentically Japanese delights «•■••til \I i i'U """*1 m il< >i i i »«»r« NUTMEGS liU 10.30 a.m.-3 p.m. $21 per person P»WM art *****88 663 (or r«s*vohons MVATT f?EG€NCYOSNGAPORf n V Xf* i-fi'ibij Jk!j 7 m» t -"V I#* -f*l,
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    • 89 8 '/=**[>">~'[?+\:=|<)@?&.=)--?$~ I lu perfect end to .t roin.iniu dri\«. 11\ I Jniifaeftiai AMerlmCriiSperialMy com b»rt>«cu« more ukuM more debctous than any barbecue you have ever tried before Onty at the Singapore Merlin Lunch from 12 noon 2.30 pm at <17.00 pec head. Dinner from 7.00 *»< ch,r fl®* subject to
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    • 180 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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    • 107 8 ftk as good as going to Bangkok. vK f A This it Thai Seafood at its authentic bast. So fresh, it could have bean alive 15 minutes before coming to your table It was An •normous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood
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  • RAW MATERIALS
    • 758 9 COFFEE: Robusta futures yesterday finished a quiet morning mixed, £7 above to £2 a tonne belpw Thursday's close in traded positions. Dealers said prices moved narrowly after the opening which reflected New York's firmer close on Thursday. May traded between £1,246 and £1,250 a tonne. There was no
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    • 126 9 THE Kuala Lumpur palm oil market yesterday closed steadier on renewed buying interest in fairly active trading, dealers said. In April, south was traded MJ7.50 higher at $947.50 a tonne. In May north and central gained $2.50 and $5 each to close at $942.50 and south rose $7.50
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    • 1152 9 NEW YORK STOCKS A LATE rally in New York on Thursday brought stock prices higher after losing ground most of the day. Analysts said investors may have been encouraged when the market did not fall apart despite a string of lower corporate earnings. The Dow Jones industrial
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    • 60 9 THE STRAITS tin price in Penang yesterday dropped fear cents to M529.4# a Idlo, 25 cents away from the ITA fleer price ef $21.15. The marginal (ail was attributed to reduced activity (rem operators despite continned strong support (rem the buffer stock manager at this level. Turnover rose
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    • 34 9 Rubber. Apr 16 Singapore: May: 186.00 cents (down 2.00 cents) Malaysia: May: 207.26 cents (down 0.26 cent) Tin: M 929.40 per kilo (down 4 cents) Official offering: 196 tonnea (np 8 tonnes)
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    • 86 9 THE Malaysian Minister of Finance has fixed these rates for the period from April 16 until further notice: Bahher: 206*4 cents a kilo for RSS One; Caara: M 5471.82 a tonne; Palm kernel: $955.75 a tonne; White pepper: $3,256.00 a tonne; Btaek pepper: $2,370.00 a tonne; The
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    • 221 9 RUBBER prices in Singapore yesterday closed slightly lower with May One RSS buyers quoted at 186.00 cents per kilo, down two cents from Thursday's close. Morning prices were marked down slightly on speculative selling and long liquidation with lower London advices also depressing sentiment. Afternoon prices lost further ground
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    • 330 9 RAfl price* In eenu per klto yesterday MM (P* Buyers kilo) Sritcn (par Mo) Int. 1 R-S.S prompt U Int. 1 R.S.S. May lit 1 Ri.S Juw lot m.s UK/Ont Int. 3RJ.S. UK/Coat IM.4RA& UK/Coat. laL S RJS.S. UK/Ooat b 190.30 1X7-B MMO 100 JO 100.30 144.00 10.00
      330 words
    • 92 9 MOON Ml mi 81 fll prim jM mriar Ul ■v ICwmt 1 hsz" MM tik) (fMWtH R|in h 1CLW 1(1-00 MUl am 5 umZ ss Bmm U4J0N 1MOON Bar* 10U0N i«unN MUU Mmj Jmma SMRCV (1 SMS L (1 8MB* (1 SMXGP (1 ■tm -MM too CSS
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    • 167 9 CHINESE Pntoiii —*m par 1M kg jwMtj. Cu—l «fl: Bulk fob W OO sellers, old drum (la second hand drum) fob $110.00 sellers, new drum fob $114.00 setters. Copra: Mixed (loose) $48.00 buyers. Pepper; Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper taq fob NLW
      167 words
    • 191 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yua: China Blue Phoenix 30s 2,430; 32s 2,970, 40i 3,110 (per bale of 400 lbs). Pleee feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      191 words
    • 312 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first dan (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent new crop no stock, B-10 per OA. THAI BROKEN: A-super 0.65, Special 0.80. THAI
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    • 164 9 SOYBEAN futures in Chicago on Thursday closed on or near the lows, down 2Vfc to 5 H US cents per bushel after trading in a cent range in May in moderately light trade. Prices drifted lower most of the session, primarily due to a lack of fresh fundamental bullish
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    • 203 9 WHEAT future* In Chicago on Thursday closed on or near the highs, up six to three US cents per bushel in moderate trade. Rumours of aggressive bidding for deliverable receipts and upcoming FarEastern export demand for soft winter wheat kept old crop firm relative to new crop. Continued movement
      203 words
    • 392 9 Agencies THE 1979 international rubber agreement entered into force definitively on Thursday following receipt of the required number of ratifications, or their equivalent, the UN* Legal Office said. The agreement entered into force provisionally on Oct 23, 1900 and was to become definitive if,
      Agencies  -  392 words
    • 280 9 Reuter CHINA'S summer grain harvest this year is predicted to fall one million tonnes down on last year to 59 million tnanrs. the US Agriculture Department's counsellor in Beijing said in a field report. The report, dated April 12, said mild spring weather has
      Reuter  -  280 words
  • Page 9 Advertisements
    • 199 9 r Mj ny nsv6f b6fofo t.H-1 1* pufNisnea' Relive the War year* through historic frontline battle photographs behind-the-scenes insights declassified files unforgettable eyewitness accounts authoritative explanations of tactics and technology A Japanese kamikaze plane thunders toward the deck of the new U S carrier Mornef m 1945 It missed aa
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  • 1510 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 fti lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (2.805) AlUed
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  • 93 10 llllpEy DIAMOND MOT STORE prlMbr April n It) Diamond Spore Fd(USI) 0C1 0 65 St 140 (MmrMtoday) INCOME BOND OMR (farreal prim) Income Bond 127 134 First B'putrm Second Bputrm Third Bjjutrm Fourth B'putrm Fifth B'putrm Sixth B putra Seventh B'putrm (A) Seventh B'putra (B) Eighth B'putrm (B)
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  • 2897 10 1982 High Low Compaay Last Sale orGrt Div Div Cvr Gr** Y*W Net P/E Vol (•000) Day High Low 8ECTION ONE INDUSTRIAL COMMERCIAL 306 233 283 320 141 291 480 292 247 472 246 320 96 199 350 240 Acma Alcom Allied Choc BAT Bata Ben Berjaya
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  • 1523 10 BID mad offer price* 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. MMmUU Ms»» (4 108 UK) call Atoaa (1 238 1 MS) (3)
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  • 148 10 SEMBAWANG Shipyard UaM: Thirteenth AGM to be held at the shipyard, Admiralty Road East, Sembawang, Singapore 2775, on April 27 at 9.30 am. CABLSBEBG Brewery Malayrta Berfcad: Twelfth AGM to be held at Carlsberg Brewery Malaysia Berhad, Ladang Perusahaan Shah Alam, Selangor on April 28 at 11.30 am.
    148 words
  • 633 10 THE fflagspsr* stock market yesterday toned easier acnea Ike keari except far Tradlag was rather slaw threagheat toe day kat toe evaslsa la valaes waa atoe mild. Per toetoaee, aeae ef «ere traded leet mare toaa 1« eeate fcy toe aeea cleee which saw
    633 words
  • 619 10 SHARE prices fell on the Kuala Lumpur stock market yesterday in mildly less active trading. There was a shift of attention to the normally quiet counters but interest seemed to have waned considerably in the recent market favourites United Engineers (M) and Yeo Hiap Seng
    619 words

  • COMPANY NEWS
    • 774 11 Market Talk... CONFIDENCE is expected to return to the local market soon, barring any major up6et in the coming Malaysian general election. This is despite the anticipated exaggerated movements of share prices of certain companies that are perceived to be connected to political candidates
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    • 320 11 HEAVY losses incurred by its engineering subsidiaries and increased cost of borrowing have apparently contributed to the dismal performance of Bousteadco Singapore Ltd last year. The extent of the earnings setback even exceeded chairman Alan Cbarton's warning of a "possible 10 per cent shortfall in
      320 words
    • In Hongkong...
      • 177 11 both part of the Hongkong and Shanghai Banking Corporation, are to establish a London investment management operation to service the rapidly growing foreign investment needs of US pension funds. The operation is understood to be the first joint venture between Wardley, a Hongkong merchant bank,
        177 words
      • 42 11 final 1981 dlvi- dend is 18 cents on capital increased by two-for-five bonus issue (same on smaller capital) making a total of 29 cents (same on smaller capitd). Books will be closed from May 3 to 14.
        42 words
      • 45 11 net 1981 profit is HKJ20.89 million (»71.87 million). A final dividend at eight cents (same) on capital increased by one-for-four rights issue, is proposed, making a total of 14 cents (same). Books will be closed from May 12 to 25.
        45 words
      • 38 11 net 1981 profit is HKJ80.47 million (963.36 million). The company earlier announced a final dividend of $2.85 ($2.15) making a total of $3JO (13.00). Books win be closed from June 4 to IS.
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    • ASIAN STOCKS
      • 315 11 HONGKONG STOCKS IN Hongkong yesterday closed easy in thin trading, with falls coming mainly in the morning, dealers said. Sentiment was weighed by Financial Secretary John Bremrtdge's statement on Thursday, which was pessimistic about Hongkong's ability to reach the forecast GDP growth rate of 8 per cent
        315 words
      • 387 11 SHARES IN Tokyo yesterday ended narrowly mixed alter a day of thin trading, during which a waiting sentiment prevailed due to uncertainty over likely developments in the Falkland Islands dispute and Middle East tension, dealers said. The market average added 8.83 at 7,129.69 on a volume
        387 words
      • 262 11 WEAKER gold bullion prices overseas and a bout of resource sector profittaking pushed the Sydney market marginally lower on poor volume yesterday, dealers said. The All-Ordinaries index closed 1.5 points at 477.3, while the resource marker lost the same amount to 627.2 and the industrial measure fell
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      • 61 11 SHARE prices in Bangkok yesterday closed mostly higher in quiet trading as turnover remained low, dealers said. The Book Club index rose 0.46 to 90.Tp on a turnover of 6.3 million baht. RSSf International Cos&cUci International Trust And Tm.... *75 +1 Ui H Tot [7 man M >a»nt Mr
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      • 64 11 THE Manila stock market was mixed yesterday as commercials and industrials continued higher, oils rallied and minings eased, dealers said. Turnover rose to 1.1 million pesos from 689,000 on Thursday. OrtauJ B JM uneh Phli Owmi jM 0.001 PtiUax A Ptonwr 401 uneh PLOT SXJ* +0JS Mi mo uneh
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    • 375 11 IN SPITE sf a substantially minced turnover, Kltl| Gsaa Haldlags (Malaysia) BM's aaaadltod grasp pretax earnings (before ex* traardlaary Hems) far the year ended Dee SI, I*sl, registered enly a marginal deerenae sf U per cent to M$4M milltoa tram $4.« milHsn prevtoualy. Tnrnever tor
      375 words
    • 1369 11  -  Wa bagin today i MriM on aogoahoahaa tho giant Japanaaa trading houaaa on a waakly ba»ii. Tha aogoahoahaa, of which nina ara particularly larga, hava bacoma a bmlniM phanomanon, wortdwida. Tha top nina hava a turnovar aqufvaiant to aoma 30 par cant of Japan's
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  • Page 11 Advertisements
    • 236 11 Confucianvalues for modem Singapore CONFUCIUS THE ANALECTS Edited by D.C. Lau As a thinker, Confucius held up an ideal for all men to perfect one's own moral character. For this he held out no hope of reward either in this life or the next: the benefit lies in doing what
      236 words

  • Chief Price Changes
    • 150 12 Rises Indices Suagai BmI Jack* lit Kappal Skip Aakuu4or 720 226 530 710 60 26 15 10 BT Indicator: Industrials: Apr 15 *****3 747.38 Apr 18 *****6 743.67 C K Tu| 660 10 Finance: 1733.81 1717.32 Bats Kiwu 308 +8 Hotels: 1887.18 1084.86 OhMtljr M Raaourcei Sta H««f Ckan
      150 words
    • Article, Illustration
      152 12 Rises Indices Steamers 240 32 Apr 15 Apr 16 DKramat 1100 +20 BT Index: *****9 *****7 Utd Plants 575 15 Industrials: 881.81 881.28 M Resources 268 +11 Finance: 1550.01 1541.76 Bata 3T0 10 Hotels: 607.81 607.68 Tlmuran 580 10 Properties: 842.63 837.87 A A ma] 680 +10 Tins:
      152 words
    • 51 12 FINANCIAL TIMES INDUSTRIALS Thursday M4-B Wednesday S64.4 Week Ago 580.3 DOW JONES AVERAGE INDUSTRIALS Friday 1182.48 Thursday 1201.26 Week Ago -.closed AUSTRALIAN INDUSTRIALS Friday 827.2 Thursday 828.6 Week Ago closed Thursday.— 830.61 Wednesday 838J» Week Ago 842.94 ALL ORDINARIES Friday 477.3 Thursday 47JUJ Week Ago cloeed H.K.HAN G
      51 words
  • 705 12 LONDON, Fri. The long three weelt account clowd on a mixed aote today after a quiet session with the Falkland Islands crisis still dominating market sentiment, dealers said. At 3pm, the Financial Times index «as up one point at SCi. King Shawm, Oversea* Gems Income Portfolio: Bid 102.06;
    705 words
  • 171 12 Int'l Trust Finance profits on target RECENTLY lifted latoraatleaal Traat Flaaacc, the flrat tt the Oag grasp rf ewputee te he ttrted, has achieved Its earaiags fereeast far the year eaM De SI, I*l. The eaaqpaay, which earner projected earaiags at 92 milttea taraed la pre-tax preflts ef $LB nllllea,
    171 words
  • 378 12 MSB «7*l w mmm Companies Editor: Mano Sabnani STRAITS Trading Company has experienced a sharp 33.4 per cent fall in group pre-tax profit to 158.02 million for the year ended Dec 31.1961. Group turnover dropped a slower 11.7 per cent to 11.028 million. Along with the
    378 words
  • 582 12  -  By NAJEEB JARHOM INTRACO, Singapore's international trading company, has identified several potential investment areas to cushion the expected difficult times in its mainstay trading activities. These include property development, chemicals, engineering, hiitMing materials and food and other industrial projects. And at the same time, Intraco has
    582 words
  • 161 12 SOUTH-east Asia Development Corporation (Seacorp) has reported an encouraging 30.5 per cent increase in group pre-tax profit to MJ8.35 million for the year ended Jan 31. This was achieved on the back of a steep 148 per cent rise in group sales from (6.44 million previously to
    161 words
  • 284 12 UNITED Overseas Bank,' one of the Big Four banking groups, has obtained approval to set up a representative office in Sydney. It is believed to be the first local bank to do so. Business Times understands that, so far, no concrete plans
    284 words
  • 274 12 2ZZL Bonus of 2 tar 5 Ex Date Apr 23 Bssks a May5 F E Li iii|ilii Bonus issue of 2 lor 5 Apr IS Apr 22 Rights issue of 2 for 5 ®$3 30 per share Apr 15 Apr 22 May 12 Cllwinbr Bonus issue of one
    274 words
  • 811 12 mim by HOCK LOCK SIEW THE disclosure last week that Selangor Properties is going ahead with its Damansara town centre project via a Joint venture with a bumiputra group has killed some of the speculation on the fate of this massive project. The bumiputra partner, nominated by
    by HOCK LOCK SIEW  -  811 words
  • Page 12 Advertisements
    • 282 12 Worldwide management experience atyour fingertips. VVof Id Executives \S Digest MANAGING IN THE PUBLIC SECTOR I. Public and Private Management Management Review 11. The Bureaucracy Inside Bureaucracy 111. How to Woik with Politicians "The Craft of Public Administration IV. Six Deadly Sins in Public Administration Public Administration Review Poker Personalities
      282 words
  • Page 12 Miscellaneous
    • 57 12 OUTLOOK for Singapore today:' Cloudy in the morning, showers in the afternoon. Report for 24 Inn prior to 7M pm on April llitw airport: Maximum temperature 29.0 Associated humidity 79 Minimum temperature 24.3 Associated humidity 95 Hours of sunshine 1.25 Rainfall in millimetres Nil Total rainfall for the month 76.7
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