The Business Times, 5 June 1982

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JUNE 5,11» 60 CENTS
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  • 355 1  -  By RICHARD SEAH A HOME INTERIORS supermarket has been set up by the Add-On group of companies. Called Noble House, it allows customers to obtain all their home furnishing needs under one roof. It sells floor, wall and ceiling materials, curtains, office partitions
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  • 208 1 NATIONAL Iron and Steel Mills will be spending an estimated $70 million in the next two years on new plant and equipment to improve productivity and energy efficiency. The projects include that for raising the capacity of its transformer, for recycling waste heat and for
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  • 575 1  -  NWC RECOMMENDS $18.50 PLUS 2.5-6.5 PER CENT By LEE YOKE MENG THE National Wages Council recommended yesterday the widely-anticipated return to a single-tier pay increase. It suggested that employers this year offer a single increase of $18.50 plus 2.5 to 6.5 per cent, with
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  • 306 1  -  By ANGELINE TAN ASEAN businessmen have emphasised the need to explore the possibilities, ways and means of achieving greater unity and collaboration in the economic fields which will define the future direction of the region and lay down the ground rules of future
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  • 177 1 Reuter BRITAIN'S rising North Sea oil output has topped two million barrels a day, placing the country firmly among the world's seven biggest producers. Only the Soviet Union, the United States, Saudi Arabia and Mexico are at present producing much more than Britain, the only
    Reuter  -  177 words
  • BRIEFLY...
    • 103 1 Reuter LONDON, Fri. British aircraft have dropped thousands of leaflets on besieged Argentine troops in the Falkland Islands urging them to surrender, the defence ministry said last night. The leaflets in Spanish contain an open letter to the Argentine military governor commanding an estimated 7,000 troops at
      Reuter  -  103 words
    • 67 1 Reuter Washington, Fri. The US unemployment rate rose to a seasonally adjusted 9.5 per cent in May from 9.4 per cent in April, the labour department said. The May level was the highest since 1941 when the jobless rate averaged 9.9 per cent. Total unemployment rose 242,000
      Reuter  -  67 words
    • 71 1 AP LONDON, Fri. The price of silver fell sharply today to below US$6 an ounce in London, following a sell-off on the New York Commodity Exchange the day before, to reach its lowest level since December 1978. Gold prices also declined. London's five bullion dealers fixed a
      AP  -  71 words
    • 77 1 Reuter BANGKOK, Fri. Thailand and Britain today signed a new civil aviation agreement giving the Thai national airline, Thai Airways International, easier access to Britain in exchange for a constant share of revenue on the London-Bangkok route, official sources said. The agreement followed lengthy bargaining in London
      Reuter  -  77 words
    • 80 1 UPI LONDON, Fri. Doctors worked today to save the life of Israeli ambassador to Britain Shlomo Argov, who was shot in the head in an apparent terrorist attack as he emerged from adiplomatic dinner at a London hotel. Argov, 52, underwent a 2Vi hour operation to remove bone
      UPI  -  80 words
    • 63 1 AFP LONDON, Fri. British employers are solidly in favour of Britain's continued membership of the European Economic Community (EEC), and will send an important mission to Brussels next week to drive the point home. The delegation, from the Confederation of British Industries, will also be meeting the European
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    • 38 1 Reuter LONDON, Fri. UK stockbroker Carr Sebag and Co will cease trading from today, and only its corporate finance department will be transferred as a going concern to Grieveson Grant and Co, another stockbroker. Reuter
      Reuter  -  38 words
  • 202 1 THE Singapore stock market suffered a sharp setback yesterday as weak holders and speculators, weary of the recent downward drift in prices, decided to take profits or cut losses. While trading volume remained low, selected blue chips, including those in the OCBC stable, came
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  • 504 1  -  By LIM SOON NEO WONG MAI YUN MOST manufacturers and businessmen are relieved that this year's recommended wage increase In lower than last year's. However, they are concerned about the Increase In CPF contributions. A statement from the Singapore Manufacturers' Assocation (SMA), which represents
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  • Page 1 Advertisements
    • 238 1 R PLEASURE La^LLLL Editorial...page 6 Lmaaaaz MALAYSIA would probably have to pay marginally higher rates for its borrowings this year Page 2 THE Development and Building Control Division will be introducing a new energy conservation standard for roofs of commercial buildings Page 3 THE US trade deficit is likely to
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    • 132 1 You've got to be good to play MacGregor The MacGregor 693. Classic woods with the rounded flowing face and high crown. Made famous in the '40s and '50s as a model club on the MacGregor Tommy Armour. Now styled and crafted in the traditional excellence of the originals. The 693.
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    • 39 1 M\(..-\h >ki business this month Indonesia's new export policy: Wiit wvk? •Economy hotels: Smal but sturdy they stay $,=}!-\:(\@(?~-*,{"'`=>--*_(,}$ friendship Cutty Sark ScotdiWhisky Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte^Ltd 347, Bukit Timah Road.S'pore 1025
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  • BANKING AND FINANCE
    • 692 2 MALAYSIA would probably have to pay marginally higher rates for its international borrowings this year compared with 1981. Peter Sura, senior vicepresident of the New Yorkbased Manufacturers Hanover Trust, said in New York that Malaysia is not expected to have difficulty getting
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    • 561 2 Number Indkatne Grass Coupon Amount Merest of days MUde Price <euen jjuon Maturity Year Raised Rate (S MM) Payment of Accrued (eicMni Yield P») Dates Merest accrued Merest) P«) 15.7.82 Loan 2 1972 •5H 23.57 15/1. 15/7 136 •100.20 •3.69
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    • 150 2 THE Australia and New Zealand Banking Group is lead managing a Eurocurrency loan equivalent to A 541.48 million for the State Energy Commission of Western Australia (SECWA). The loan is part of SECWA's 1961-82 offshore infrastructure borrowing requirement and is guaranteed by the
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    • 220 2 Reuter THE World Bank and affiliates announced loans and credits totalling more than US$562 million to India, Pakistan and Bangladesh (or development projects. The bank is providing India with a loan of $304.5 million and the International Finance Corp is giving $18.8 million to an Indian textile
      Reuter  -  220 words
    • 103 2 THE Hongkong branch of Hanil Bank has issued a US$lO million floating rate certificate of deposit in the Asian dollar market. The agreement for the issue was signed yesterday in Hongkong. The managers are First Chicago Asia Merchant Bank, Commerzbank Aktiengesellschaft and Sanwa International Finance.
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    • 88 2 SIXTEEN clerical staff of The Chartered Bank have been promoted to Junior assistant officers/assistant officers. This is the largest number ever promoted by the bank here at any one time. The employees have been with the bank for an average of nine years, performing a wide range
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    • 770 2 Reuter THE West German Federal Post Office is issuing a one billion Deutscbemark, 10year loan stock with a coupon of BV4 per cent and an issue price of 99.50 per cent to yield 8.83 per cent, the Bundesbank said. Of the total, 800 million marks will be
      Reuter  -  770 words
    • 360 2  -  By LEE YOKE MENG CITIBANK, which celebrates its 80th year in Singapore this year, has set itself a new task for the future to be ahead of its competitors in electronic banking. Indeed, the bank's range of electronic equipment displayed at the Banque Asia exhibition
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    • 466 2 Reuter THE Bank of England has introduced new operating rules for the discount houses, effectively increasing the multiplier for houses concentrating on bill-broking, market sources said. The new system which started on May 19, the end of the May banking month, is still being
      Reuter  -  466 words
    • MONEY AND EXCHANGES
      • 453 2 TRADING was thin and quiet at the foreign exchange market yesterday. The atmosphere was generally one of apprehension. There was no clear trend and speculative buying prevailed especially in the US/Sing dollar market. Against the local currency, the US dollar opened at 552.0965/85 and reached 552.1080 before closing
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      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.08 per cent.
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      • 179 2 ASIAN ASIAN currency deposit Interbank rates as at close on June 4: US Do liar* (Spot) Offer Bid 7 days 14* 14* 1 month 14 0/16 14 7/18 2 months 14* 14V* 3 months 1411/1614 9/10 0 months 14* 14* S months 14* 14* 12 months 14* 14* Das. 8w.Fr*.
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      • 40 2 RANGE of price» offered by discount home* on June 4: Overnight: 491 Call deports: >% 4* Cloaiaf Bajtaf Selliu 3-month Treasurybllls 4 3* 3-month Bank bills 10 9% 3 months CD 9h 9H «monthsCD 95/18 9VIS Source: National Discount Co
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 7 to June 11: Offered: 1150,000,000 Applied tor: $152,600,000. Allotted: $150,000,000. Aeeeptod His: $99.02 approximately 99 per cent higher bids in full. Average rate ef toeiut ea alietmeet: 3.920 per cent per annum.
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      • 306 2 GOLD futures in Singapore yesterday closed lower in quiet trading in line with the metal's weakness overseas, dealers said. Total sales tor the day was 344 lots. August was again actively traded. Prompt closed at U*****.20/318.20 an ounce compared with $322.40/ 322.90 on Thursday, August at $325.40/325.50 against $329.50/329.90
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      • 71 2 New York 5 SOB 6 038 6 OOS 6106 Zurtcti (.066 597B (US 6.07S Prt Than Sing* pore 5 KB 6 OOB 5.98S 6 10S Closing price* In US dollars a troy ounce Source: Credit Suisse, S'pore OCBC exchange rate index THE OCBC trafe-wdgkM IMki lor the Wig»pare
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      • 89 2 THE US dollar in Hongkong yesterday tended higher against most major currencies in moderate, late trading, dealers said. The dollar was supported bv technical factors in the absence of fresh incentives, and by steady Asian dollar deposit rates. The dollar rose to 2.3665/ 75 marks from an early 2.3620/27
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      • 51 2 Opening quotes yesterday "us -1.7940/50 Can 2.2383/406 Cross 1J477/80 D Mk 4.2425 75 D F1 4 6925/75 S FY 3.6375/450 B FY con 80.21/33 F FY -11.0725/900 Lit 2353.75 '2359.50 Yen 436.75/437 53 DKr- 14.5050/175 N Kr 10.8825 925 S Kr 10.5550 «75 Aus Sch 29.91/94 Port -128.17/86 Spain
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      • 128 2 THE dollar for overnight delivery closed firmer yesterday in Tokyo at 243.90 yen from the 243.10 opening despite Bank of Japan intervention to support the yen. This was also above the 243.10/25 finish in New York overnight, but was below the 244.50 close in Tokyo on Thursday. Trading volume
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  • Page 2 Advertisements
    • 172 2 The Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK was well known in the I *1 Banking and Finance I T r circles of Singapore. vl He played a prominent part in the early days of 1 Chinese banks, especially \'i in the establishment of the \P present Oversea-Chinese
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  • TRADE AND INDUSTRY
    • 270 3 THOUGH Singapore does not provide the market nor the cheap raw materials for specialty chemical products, Stahl Chemical Asia has chosen to set up its plant here. Stahl Chemical Asia, a joint venture involving Beatrice Food, has three main reasons for this. Firstly, it is because
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    • 85 3 THE New Zealand Minister of Science and Technology, Dr IJ Shearer, is visiting Singapore this weekend. Dr Shearer will meet the Trade and Industry Minister, Dr Tony Tan. He will hold discussions with Dr Lee Kum Tatt, chairman of the Singapore Institute of Standards and
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    • 1028 3 SEMINARS AND COURSES June 1-22 (Tuesdays and Thursdays): Quality Control Circle Leader Training Course, Ngee Ann Polytechnic/Cuppage Centre/YMCA, NPB June 1-July 22 (Tuesdays, Thursdays and Saturdays): Certificate in Performance Appraisal, Cuppage Centre, NPB June 1-July 31 (Tuesdays and Thursdays): Certificate in Performance Appraisal, Ngee Ann Polytechnic, NPB June
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    • 399 3 BANK of Tokyo has appointed fflfwiMi Kishl, general manager of the Singapore office, to its board of directors. Mr Kishi joined Bank of Tokyo in 1953 and has since held several senior positions in Japan, New York and London. He was assigned here in October 1981 as
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    • 204 3 A 12-member US agricultural trade team is in Singapore to survey and develop the potential market here for American agricultural produce. Team leader Raymond Lett, executive assistant to the Secretary of Agriculture, said the team is interested not only in selling to the
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    • 175 3 SINGAPOREANS will get a glimpse of their future transportation system when the Republic holds the first mass rapid transit show in December. The four-day show, from Dec 7 at the World Trade Centre, will feature the latest in transportation systems and equipment such
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    • 467 3  -  By CHAN OI CHEE THE Development and Building Control Division will be introducing a new energy conservation standard for roofs of commercial buildings. This was disclosed yesterday by Mr Lee Yock Suan, Minister of State (National Development), at the opening of a seminar
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    • 324 3 THE printing industry in Singapore has sent more than 60 of its printers to West Germany to attend what is reputed to be the largest paper and printing fair in the world. Dru pa '82 will be held in Dusseldorf from June 4 to
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  • Page 3 Advertisements
    • 577 3 CHAIRMAN GC H ■J 03 cu u z 5 •flj 5 05 Z :co IH 1W I Cx] i 100 I© OS 0. H Z fe d m CCi <11 Hi JS fc< ;s> aid TIIE CONFERENCE In most industrialised nations, leasing has boon accepted as a viablo and attractive
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  • OVERSEAS
    • 406 4 Reuter MAJOR oil companies facing squeezed refining margins are resisting stateowned British National Oil Corp's plan to raise the North Sea oil price by US$2.5O a barrel to $33.50 from June 1, industry sources said in London. A British Petroleum PLC (BP) spokesman said
      Reuter  -  406 words
    • 224 4 Reuter EXPORT demand for British goods is weakening and the business situation is more depressed than expected, Confederation of British Industry president Campbell Fraser said. In a letter to Chancellor of the Exchequer Geoffrey Howe ahead of the Versailles economic summit, Mr Fraser said
      Reuter  -  224 words
    • 614 4 Reuter THE US trade deficit is likely to widen thitf year from the 1981 shortfall of U5539.68 billion, largely due to an anticipated economic upturn in the second half, private economists said in New York. They made their forecasts despite figures released last
      Reuter  -  614 words
    • 159 4 UPI THE Soviet Union has rejected President Reagan's strategic arms reduction proposals point by point, saying Washington demands radical cuts by Moscow while giving up practically nothing itself. The comment, carried by Tass on Thursday, in advance of its appearance as yesterday's editorial in
      UPI  -  159 words
    • 514 4 NYT THE US House Budget Committee has given President Reagan his wish and has voted to send his original budget proposal for fiscal 1983 to the House floor. But the proposal, which includes a deficit of US$l22 billion, has virtually no support in Congress
      NYT  -  514 words
    • 363 4 AFP INDONESIA will stick to its recent ruling stipulating that all government-owned commodities exported or imported from the country shall be carried by ship 6 flying the Indonesian flag, a maritime official said. The official from the Sea Communications Directorate said last week that
      AFP  -  363 words
    • WORLD IN BRIEF
      • 479 4 Agencies BRITAIN'S ruling Conservative Party, riding on a tide of public support for its stand in the Falklands crisis, has captured a marginal parliamentary seat from the opposition. The victory in Thursday's poll in the South London suburb of Mitcham and Morden was the first time
        Agencies  -  479 words
    • 237 4 Reuter A RISE In US eensnmer In May, tor the ■eesnd month In n raw, saggests an ecsasmic aptan cnM begin In the third 4aarter of this year. In a monthly re port, the Canfereaee Board said Its where lttt-71 eqaals IN, raw
      Reuter  -  237 words
    • 568 4 UPI Reuter THE big three carmakers in the US said they sold nearly IS per cent more cars in May than the same month a year ago the first monthly increase since the start of the 1982 model year last fall. The carmakers
      UPI; Reuter  -  568 words
    • 218 4 NYT THE Chrysler Corp will earn an operating profit in the second quarter and feMail of 1982, Lee A lacocca, the company's chairman, predicted. The profit in 1982 will be recorded, he said on Thursday, without the benefit of the US$335 million the
      NYT  -  218 words
    • 393 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barber Menestheus 47 Barber alongside 5.6.82/2300 Daniela I 27 Llan Soon alongside 5.6.82/1200 Frankfurt Oder 6/7 S'pore Shpg alongside 5.6.82/2300 Lumut 20E SSPL alongside 5.6.82/0600 Ned Albany 3/4 Ned-EAC alongside 5.6.82/2359 St Sentarum 25 Ocean Shpg alongside
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    • 519 5 AP MEMBERS of a Japanese trade mission have denied that their markets are closed to American manufacturers and have voiced concern about congressional "retaliation" for the US trade deficit. "The Japanese market is not so closed as you think and not so closed
      AP  -  519 words
    • 463 5 AFP THE Philippine Ministry of Energy is seeking cabinet approval for a seven-point programme to increase incentives for oil corporations to invest in deep-water oil exploration in the face of a slowdown in exploration activities. Energy Minister Geronimo Velasco told businessmen on Thursday that
      AFP  -  463 words
    • 154 5 Reuter INDONESIA'S first geothermal power plant, at Kamojang, West Java, should be completed by next November, according to Subroto, the Minister for Mines and Energy. The plant, which will have an output of 30 mw, is one of a series to be developed in the area with
      Reuter  -  154 words
    • 251 5 Reuter THE Einpeu Cemmea Market has laaached a US$lB4 milllea piaa to eembat werld hanger hy helping feed predacttoa aid eafegeardlag mral devetopmeat la devetopiag ceaatrles. lie piaa, pal forward hy the Earspeaa Ecsaemle Cemmaatty (EEC) Cemariastoa, weald alas give aU to •tme 4
      Reuter  -  251 words
    • 857 5 NYT US PRESIDENT Reagan intends to use modest American concessions on economic policy and some help in calming volatile exchange rates to "limit the volume and raise the price" of Western financial credits to the Soviet Union, an authoritative American source disclosed
      NYT  -  857 words
    • 746 5 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0025 JFK/SPO/HKG CAL CI331 0350 TPE SIA SQ101 0605 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CPA CX710 1035 HLP
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    • 201 5 AFP PACIFIC island countries are facing huge debts as the result of dwindling international aid, declining terms of trade, mounting trade deficits and protectionism. The gloomy picture was painted in Bangkok on Thursday by the executive secretary of the UN Economic and Social Commission
      AFP  -  201 words
    • 129 5 AFP THE world famous Australian meat pie is set to invade the lucrative US institutional food market, following the opening of a A 512 million meat pie factory in Melbourne. Petersville Pty Ltd has recently opened the export factory, which was built to US Department of Agriculture
      AFP  -  129 words
    • 87 5 AFP A MAJOR American data communication equipment maker, Paradyne Corp, is to be the first foreign company to begin marketing high-technology data equipment in Japan since the nation opened its market to foreign products of this nature last January. Paradyne has been authorised to sell data
      AFP  -  87 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 240 5 uniTeo nmnoß iijqhks [maLausia] Houiras BeßHao (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at the UMW Auditorium situated at the registered office of the Company at Jalan Utas, Batu Tiga Industrial Estate, Shah
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    • 657 5 umui unrren moron works [maLaysia] Houms Bennan (Incorporated in Malaysia* Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the UMW Auditorium situated at the registered office of the Company at Jalan Utas, Batu Tiga Industrial Estate, Shah
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  • 385 6 THE SECOND TIER has served its purpose, therefore it should go. That is the nub of what the National Wages Council said yesterday in announcing the guidelines for 1982, the most important year since 1979, when the three-year wage corrective policy was put into
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  • 316 6 HOME MAKING can be more difficult than getting married. Or more expensive. It can be both difficult and expensive as well. Those who claim to have discerning taste or who are just plain fussy will find it especially tough. Wall papers are either
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  • 713 6 THE St James Club, London's elegant rendezvous for the international elite who seek an old-fashioned style of personal service, and who prize privacy above price, has opened its membership for the first time. The club's committee is headed by one of Britain's most
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  • 768 6  -  By PATRICK WORSNIP Reuter DAMASCUS, said to be the world's oldest continuously inhabited city, has done without fast food outlets for 4000 years, but now the "Sahara," a private Syrian enterprise openly modelled on American chains, has arrived. The two-storey hamburger shop, which set up its garish
    Reuter  -  768 words
  • Page 6 Miscellaneous
    • 663 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Pass on the narrow side (6) 7 Children's drama period? (8) 8 People who upset Antonio no end! (6) 10 Not fit, like being a leading player (5) 13 Cabinet tool? (4) 14 It can run and hear exceptionally (4) 15 Young essayist? (4)
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    • 834 6 THOSE who eu bear uul- teres some outstanding deal the One", "I Shall Stag", ly (tad it a frastrattag ex- individuals such as athlete "Keep an Staging" and "I perlence communicating Kitty O'Neal, who holds the Got the Mask in Me", with the deaf. Bat have yea women's land speed
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  • 1408 7  - Optica dream-child of a conservationist By R A J ARTHUR A QUIET revolution started in the aircraft industry when John Edgley, a young structural engineer, set out to build an aircraft at an improvised workshop in the heart of London. When it was finished, he packed the bits up and
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  • 973 7  -  By BARRY MOODY Reuter AUSTRALIAN crocodiles, given legal protection a decade ago when they faced extinction, are now more numerous and dangerous and pose a problem for conservationist officials. Saltwater crocodiles, which can grow to six metres long, are Australia's most fearsome and dangerous animal.
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  • Page 7 Advertisements
    • 196 7 1 A to ih»- p»w«Ki«n dtXi """J*™ <* h Mc«*J prrvsun*nd Hs omiptiiatMNis UNDERSTANDING YOUR BLOOD PRESSURE A J t.o. mOnXwIrO 'Oh. it's oniy high blood Pressure common enough dismissal of a most common affliction. And ample cause for worry, for surely no other condition is as overlooked and misunderstood.
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 248 8 JUNE as Fra COKBEILLE Air-Liquid* 406 +3 B 8 N Oenrals Dtnonc 1496 -IS C 8 F (ThomsonClf). 156.50 -X Cle Francalse dca Petroles 137 JO .1 Compagnie Flnanclere Compagnle Oenermle Credit Fonder De Prance 358 >1 Hachette (Llbralrle) 479 Machines Bull 27 66 -03 Mlchelln (B) 736 4
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      • 159 8 JUNK 03 Dm Aaf-Telefunken 3&.90B Akso Ails Leben Alls Vtrs BASF 136.10 -03 Bay H T Wbank Bay Vbank FUjwr 11&J0 -0.5 BBC BMW -0J Cham Verw Com merr bank 143.00B Contl Oumml 49 JO ♦ti Oalmlf-B«ns By 286JO -OJ Demaf H 132.00 0J Dcutacbi Bank 306 7OB Dresdner
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      • 94 8 JUNK 03 m FORWARD MARKET Acec 401 1230 1 -31 Astur Brmjcaj) Bru-Lumb 415 00 1330 1014 m -4 10 -M Canpac Cock -M -0 D® Dt«f» tm -1 Ebet MH 1 -10 -30 I 4-40 1 -S DeclroM Qb-Inno-Bm Mi Mao 1*745 40 Pvtm «SM 1 -I» Ryl
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      • 174 8 JUNK 03 I Prancs Actions Suinei i*l Imiil—f Br MS ill 1 4| DM Brown Bo vert Br 100 unch Ote OelBr. iao vinch Cite OelCJ P C 1000 -6 Clbi Oclo Rec JT4 1 Credit SuIhc Br 1736 -10 Credit Sulaae Ret 3D -s Kiektfowatt Br. zno unch
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      • 171 8 JUNE <B Fls ABN 2T7 50 -LS Ahold 7SJ0 unch Akao 24J0 0.2 AMEV -03 Amfu 74.00 -02 Amrobnk 90.10 -03 B»r|osi R»rk 2&.00 -0.4 BoU 56 00 unch BQTsumlJ 96J0 unch Burhmann 37 JO +0.2 Caltnd 31 JO 0J Calve Delft 217.00 4J Dell M1J 71 JO unch
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      • 97 8 IU M E 03 UK 4V1 m oel 130-25 -475 Bel 1 ***** -400 Jentr*Je Ord 3010 -06 Zont 1 Aequa Roma 1S4J0 -11 rial Ord ZZ 1KB -80 -18 31m *****0 2900 -1006 -10 Ifl f Yt» 3000 -47 Ini re «t MIS -46 1 [U ***** -000
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      • 184 8 JUNK 03 cs AMUDt 1« uncb Alcan 21 H -H Alfnm& Bulk Moot Bonk Hon Scotia Ml T»l 3D* 21H in unch -It bth Corp BP Can Ltd a uncb Mrwd Bl ■:1 i «Lnp*f In* Pf carting OKeefc Onuilnra T J5H H unch Cotu Bath 1W Coat Mmrbanor
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      • 285 8 JUNE 03 Rand INDUSTRIALS A Alpha MO 10 Abercom AE And CI 2BS MO -S unch AMIP Bartow® MM 7M 50 3 ♦25 unch Cf Su«ar ins MO Currtc Finance Oe Beers Ind Edcon MO 142&B unch unch Edgan MM -MO r~1 Vnli Ml 4 10 Puftt Qardtan Olenanl
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  • Page 8 Advertisements
    • 175 8 Where to wine, dine and entertain with the American Express Card 4 n tt m u u 'Hi The true Singapore flavour Our popular Nonya Buffet Luncheon at a special Take your pick, it's great food, going for a song! Come from 12 noon to 2.30 pm 0^ K Have
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    • 125 8 titJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open V Zm< ></'! />,>() t> tn 1" /"< >r reserratH >m.s ca// I'j irk SlkTiK(>ii •Si i| m»r»■ Nrtss'f H- S rii" ■>- J2"T-"' *V Ot>"d f i T l ANA HC-TELS INTERNA !lONAL J \M\ NUTMEGS offers
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    • 216 8 _!.&@?/*-'(~>~?;!]<_$]%@*^%([|! I he perfect end to a romantic drive. nvi K I S I I K I I lu* m;ntlv hip- tlx- p.ilm-tnntsvl >hore. Hourt;;iinvilhu.-;i i.is</;ido ;mud-t .1 riot ot i:rvikt\ Flu".nr 1- Ikmvv with the M.cnt ot fvrturmvl flower-. Sott, rom;intk nuwi -urrmind- vou <1- voti drive to ,1
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    • 184 8 A When you dine, dine Cantonese. > *->V I hi I a o 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
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    • 148 8 S3 il V 2* This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before«omlng to your table. It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our Kitchen Siamese Seafood Restaurant vOCKpn vXTO Oxley Rise'Penang Road, Singapore
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  • RAW MATERIALS
    • 836 9 COFFEE: Robusta futures yesterday eased by a few sterling from opening call levels to end the morning between £5 and £7 a tonne below Thursday's close in traded positions. SUGAR: Raw sugar futures fell to new contract lows in early trading, ending the opening call between £3.60 and
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    • 123 9 THE Kuala Lumpur crude palm oil market yesterday closed lower on light selling in moderate trading, dealers said. June, the only traded month, saw central losing M 57.50 to $927.50 a tonne while the south region feU $5 to $932.50. The refined market was featureless in the absence
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    • 1246 9 NEW YORK STOCKS STOCK prices in New York on Thursday cwsed with a loss after moving in a very narrow range all day, reflecting Wall Street's pessimism over the outlook for interest rates. XThe Dow Jones industrial average closed dawn about 0.40 at 816.50. Declines led advances
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    • 106 9 THE BTRAITB tin price ia Peaug yesterday was steady at Mf2fJEl a kite fer the third eeweeative day, within the ITA tower sector ef $32.M and $21.15. lie steadiness saw the baiter stock maaager sappertlag streagly, which seme dealer» estimated at betweea M aad lM per eeat. Dealers
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    • 32 9 Rubber: June 4 Singapore: June: 183.00 cents (down 1.00 cent) Malaysia: June: 203.50 cents (down 1.00 cent) Tin: M 529.21 per kilo (unchanged) Official offering: 282 tonnes (down 23 tonnes)
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    • 88 9 THE Tokyo grain exchange said it will raise margin requirements in red bean futures trading 70,000 yen per trading unit to 310,000 for the current June position and 50,000 to 250,000 for July position, June 8. This follows excessive speculation, it said. Margin requirements for other
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    • 183 9 RUBBER prices in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 183.00 cents per kilo, down one cent from Thursday's close. Morning prices were marked down slightly despite some covering interest Afternoon prices lost further ground on lack of buying support. In Kuto Lam par,
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    • 357 9 RAS prices In cents per kilo yesterday: INOOfl Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers 1st. 1 R.S.S. prompt l.o.b. 182J0 183J0N 182.50 183 JON Int. 1 R S S June 183.25 183.75 183.00 183.50 Int. 1 RS.S. July U5.S 185.75 185.00 1ft .50 Int. 2
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    • 124 9 NOON 881 I tad SMR prim ymH ariajr KAS Ju> (Carrol k|m C 162 50 1*0.00 *Mth) Jaly (Forward Mtk) SSR 20 S8R 50 (1-loa paJJM) (I K" poIWt) la liar* 163 50N 161 OON BWtrt MI 163 50 ***** 164 SON 162 OON HI1U tea Mr
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    • 173 9 CHINESE PniMt Enkugt, Stag&pare, mm elMtag price» per 1M kg yesterday. Cmmil *U: Bulk fob $100.00 sellers, old drum (in second hand drum) fob 1112.00 sellers, new drum fob $116.00 sellers. Cspra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers, Sarawak white pepper
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    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CettM yam: China Blue Phoenix 20s 2,340; 32s 2,920, 40b 3,115 (per bale of 400 lbs). Pleee giifc: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 320 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (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 cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.
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    • 224 9 SOYBEAN futures in Chicago on Thursday closed on a weak note in moderate, erratic trade, 7Vi to four US-cents per bushel lower. Local and professional selling pressure prices from midsession after an early rally attempt failed to penetrate technical resistance in July at 633 to 635 cents per bushel.
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    • 164 9 WHEAT futures in Chicago on Thursday closed mixed on or near the lows, ranging from up Vi cent per bushel in December to off 2V4- in thinly traded distant July. After opening firmer on reports of crop problems in the USSR, prices eased all day in sympathy with weakness
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    • 407 9 THE Palm Oil Research Institute of Malaysia (Porim) has been directed to intensify its study on the possibility of growing oil palm on peaty soils. Speaking at a Press conference in Kuala Lumpur on Thursday. Primary Industries Minister Datuk Leong Khee Seong said
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    • 290 9 TURNOVER continued at a low in thin conditions despite slightly steadier levels for current Int One RSS, which finished IVi cents up on balance. H*ttday, Cutler, Bath aid Campaay said in its review for the week ended June 3. Inro buying at the start of One
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  • Page 9 Advertisements
    • 322 9 and give yourself and your famil the Bntaiuiica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are ail about.) Certainly there's no better tool
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  • 1507 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.168 3.185)
    1,507 words
  • 195 10 SINGAPORE UNIT TRUST (M»nin' prtw far Jim 7) The Commerce 2 J7 3 Q2xd The Saving* Fund 1.64 1.73 S'pore Prog Fund 1.29 135 Spore Sec. Fund 1.17 2.07 S'pore Invest Fund 1.09 1.14 S'pore Equity Fund 1-34 1.30 AHA UNIT TBURT (M prleea tar Jw 7) Mai
    195 words
  • 2860 10 Gr'« Gr's Net 1982 Last Div Div Y'ld P/E Vol Dav High Low Company Sale or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Acma 316 -14 14.5 3.2 45 115 25 320 314 Alcom 115 3.7 0.5 35 95.8 233 172 Allied Choc 187
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  • 1408 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. DKDUBTBIALB Imm (3.488 3.525) (T) J SO (2) 1« (3) 152 •frniti
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  • 170 10 MALAYAN Cables Botel: Twenty-fifth AGM to be held Jalan Tandang, Petal ing Jaya, Selangor on June 7 at 11 am. KECK Sea« (Malaysia) Ber> kad: Twelveth AGM to be held at Conference Room of Tropical Inn, 16th Floor, Johore Tower, Jalan Greja, J oh ore Bahru on June
    170 words
  • 812 10 A BOUT of pre-weekead selling took ihtn prieet tower una (he beard en ike Slagapere Steck Exekaage yesterday. Evea reeeatly steady klae chip counters sack as Straits Tradlag, Times Pakttsklag, sifter eempaay Straits Times Press Had kaaklag keavywelgkts OCBC aad DBS were aet spared. Turnover,
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  • 519 10 SELLERS continued to dominate at the Kuala Lumpur stock market yesterday with trading activity remaining relatively slow. Losses were again noted on a broad front with gains few and far between. The market had started generally lower after a weaker overnight close. The decline continued
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  • COMPANY NEWS
    • 999 11  -  Market Talk... By CHRIS LIM THE world recession is expected to affect adversely the profit performance of many Companies in Singapore and Malaysia this year. But 1963 should see a return to better growth. This is the opinion of a UK-based stockbroking firm, Simon
      999 words
    • 248 11 MALAYSIAN Resources Corporation's (MRC) concerted drive into property in the last financial year has got off to a chequered start. But plans are underway to commission even more development projects in the current year, chairman Tengku Zaid bin Tengku Ahmad Temenggong notes in his
      248 words
    • 592 11 MONTEZUMA Information Systems, a joint venture between the Montezuma group and the giant Honeywell In? of the US, plans to hive off 30 per cent of its equity to bumiputra interests next year. The company, which was formed last year to market the Honeywell Level Six
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    • ASIAN STOCKS
      • 337 11 INTEREST in the oil sector in Sydney yesterday dominated trading as prices moved down in light reading, dealers said. JUNE Ot CenU INDUSTRIALS A C I 148 -2 A. N I aae unch A. P. 11 ISO •2 Allied Mill 230 146 unch ■3 Ampoi Pet 138
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      • 127 11 SHARE prices in Manila yesterday were mixed as oils declined while commercial and industrial issues ruled steady in a sharply higher turnover of 4.1 million pesos, compared with 2.4 million on Thursday. JUNE 04 •tt Phil HldgB Acoje Mining Peso* (JO unch 0022 unch JMS +***** ill unch AUia
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      • 146 11 SHARE prices in Bangkok yesterday closed mixed in slow trading, dealers said. The Book Club index rose 0.06 point to 91.96 on a turnover of 8.2 million baht. JUNE 04 BthU aiam City Aokham Thai Cement I'M -1 AJte Fit*» Stem Cradit Aruthajra In* South Axu Fibre And Trust
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      • 441 11 HONGKONG STOCKS IN Hongkong yesterday closed at day's low to finish around or just below Thursday's level, after surged initially, brokers said. The early rallies was unable to sustain due to disappointment selling promted by the lacking of reaction to recent interest rates cut in Hongkong. Hang
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      • 370 11 SHARE prices in Tokyo yesterday closed narrowly mixed in thin trading as investors were sidelined awaiting the outcome of the Versailles summit and because of uncertainties over the yen/dollar rate and Wall Street, dealers said. The market average dipped 1.40 to close at 7,300.54 on a
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    • 1631 11  -  By DAVID CHOW THE last of the plantation giants, Harrisons Malaysian Estates, is coming home in a manner admirably free of the animosity that marked its earlier response to Malaysianisation, and of the controversy that surrounded Permodalan Nasionai Bhd's successful takeover of the Guthrie Corporation.
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  • Page 11 Advertisements
    • 350 11 Asia, at yqur finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated
      350 words

  • 285 12 THE COLD Storage group and Cmd> Dry «rporati mi has reached an agreemeat whereby Magnolia Dairies (Siagapore) Pte Ltd, a wholly owned tabsidlary of the groap, will act as bottlers for Spart Cala, aa lateraatfoaally popalar cola drlak. KCola, aa Its name is rapidly
    285 words
  • 213 12 PUBLIC Textile Bhd has turned in disappointing results for the year ended Dec 31, 1981. The group reported operating profits before tax of M 5897,225, which is substantially lower than its preliminary projections of $1.6 million made in a circular las September. Last year's earnings, however, were
    213 words
  • 861 12 LONDON, Fri. Gold shares were marked down on the overnight fall in the bullion price but industrials were quietly steady at the opening, dealers said. In the absence of any overnight news from the Falkland Islands, leading shares showed little change. BP, marked down 2p initially on further
    861 words
  • 132 12 UNITED Industrial Corporation has, as expected, obtained board representation in United Engineers Ltd following its purchase of a 11.36 per cent stake in the latter's equity. The man chosen to represent UlC's interest in UE is Mr Lee Kim Yew, who is
    132 words
  • 244 12 LIEN HOE MuMn Bhd has requested the Stock Exchange of Singapore to lift the suspension on trading of its shares as the Malaysian Foreign Investment Committee has already approved the proposed acquisition of LHI shares by Peck Hua Hold ings Bhd. KHONG Guaa Holdings Malaysia Bhd has informed
    244 words
  • LATEST
  • Chief Price Changes
    • 151 12 Rises Hume M 456 6 S Finance SOS 5 Chem lad 22S 5 Hwt Hou 211 3 Supreme Plant 132 2 Hytex 123 1 Metal Ctainers 121 1 U I Securities 104 1 Amcol 90 1 Falls Bolton 235 -21 O C B C 860 -20 DBS 810 -20
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    • Article, Illustration
      158 12 Rises G'town Disp 770 10 Falls Kuchai 500 -50 D Kramat 900 -40 Sel Prop 545 -25 OCBC 940 -20 Sanyo 400 -16 N Iron 620 -15 Esso Ord 685 -15 F and N 710 -15 Paramount 436 -14 Oriental 356 -12 Genting 424 -12 Jacks Int'l 239
      158 words
    • 47 12 FINANCIAL TIMES INDUSTRIALS Friday 1361.36 Thursday 1371.30 Week Ago 1392.81 AUSTRALIAN Week Ago 584.3 INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 816.50 Friday 657.3 Thursday 659.3 Week Ago 663.7 Wednesday 816.88 ALL ORDINAKlfcS Week Ago 824.96 Friday 497.9 H.K.HANG SENG Thursday 499.8 v Week Ago 508.7
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  • 485 12  -  By CHOO AI LENG UNITED Motor Works' acquisition of the Toyota vehicle operation in Malaysia is taking a longer time than anticipated and may not even be completed before the current financial year is over. As such, the group has not included projected
    485 words
  • 547 12  -  mm Companies Editor: Mano Sabnani By ALAN LEE THE Kuala Lumpur Stock Exchange has taken issue with the Pahang Consolidated Public Ltd Company over several unexplained matters in its 1961 annual report. Apart from mention made in the annual report, the company had apparently
    547 words
  • 480 12 SIGMA Metal Company Ltd is seriously considering setting up manufacturing facilities in Malaysia as part of its expansion and diversification programme. Faced with the uncertainty in the local aluminium industry, Sigma said it had to expand and upgrade its product range and diversify into other
    480 words
  • Page 12 Advertisements
    • 239 12 Confucian values for modem 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
      239 words
  • Page 12 Miscellaneous
    • 67 12 WW/mm s a OUTLOOK for Singapore today: Partly cloudy in the morning with showers in some areas in the afternoon. Report for 24 hours prior to 7.31 pm on Jane 4 at the airport: Maximum temperature 30.1 Associated humidity 82 Minimum temperature 25.8 Associated humidity 96 Hours of sunshine 1.40
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