The Business Times, 12 June 1982
1982-06-12
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The Business Times
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Title Section10 1982-06-12 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JUNE 12,1982 60 CENTS10 words
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436 1982-06-12 1 A HAWAIIAN firm of landscape architects has bagged 30 contracts since setting up office in Singapore a few months ago, reflecting the good demand for professional landscaping services here. Woolsey, Miyabara and Associates found virtually no competition in the region and easily clinched design contracts436 words
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143 1982-06-12 1 Reuter AFP ISRAEL and Syria yesterday said they would observe a ceasefire in Lebanon, and there have been no confirmed reports of fighting after the truce took effect. Eyewitnesses said Israeli planes carried out intensive bombing raids on Beirut only minutes before the ceasefireReuter; AFP - 143 words
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535 1982-06-12 1 RICHARD SEAH - By RICHARD SEAH MORE than 100 companies which are capable of research and development in Singapore will be encouraged to team up with the public sector and apply for sponsorship under the Government's $50 million Block Vote for research and development. The Ministry for535 words
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447 1982-06-12 1 ANGELINE TAN - By ANGELINE TAN STUDY missions organised by trade, professional and employers' associations, training institutions and trade unions are now eligible for subsidies from the Skills Development Fund (SDF) under the Training Grant Scheme. This is because major costs incurred are similar to those in447 words
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304 1982-06-12 1 COMPETITION in the kitchen equipment business is getting more severe as more suppliers enter the market to cash in on the growing demand. The influx of fast-food chains and the mushrooming of international restaurants and hotels have created a substantial market for kitchen equipment, which304 words
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BRIEFLY...
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Article81 1982-06-12 1 Reuter KUALA LUMPUR, Fri. Malaysian Prime Minister Datuk Sen Mahathir Mohamed today chided the local business community and newspapers for panicking over the economic downturn and said there was no crisis. Dr Mahathir said resource-rich Malaysia, which this week revised its growth rate down to 5Reuter - 81 words
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Article65 1982-06-12 1 AFP BRUSSELS, Fri. Some progress has been made in multi-fibre talks between Hongkong and the European Economic Community here, Hongkong Trade Commissioner Lawrence Mills said today. But he warned that the EEC would have to modify its stance on the quota cuts it wants to impose on textileAFP - 65 words
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Article83 1982-06-12 1 Reuter KUALA LUMPUR, Fri. The second Malaysian government loan issue of M 52.5 trillion has been oversubscribed by $300 million, a Treasury statement said. The government has accepted the entire $2.8 billion it received for the loan which closed for subscription on June 1. Subscriptions accepted were $150Reuter - 83 words
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Article69 1982-06-12 1 Reuter TOKYO, Fri. Japan continued to enlarge its share of the world's car production last year to 29.5 per cent from 28.3 per cent in 1900, Toyota Motor Sales Co Ltd said today. Japan's 11 vehicle manufacturers produced 11.18 million units in 1961, up 1.2 per centReuter - 69 words
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Article78 1982-06-12 1 Reuter KUALA LUMPUR, Fri. Malaysian Prime Minister Datuk Sen Mahathir Mohamed said today he did not think it was timely to hold an Asean summit conference. But he said Malaysia was prepared to examine the proposal for a third such meeting of Asean leaders. Filipino President FerdinandReuter - 78 words
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Article110 1982-06-12 1 AP LONDON, Fri. The defence ministry refused to comment today on reports of high losses in Argentine air attacks on British ships in the Falklands and a possible delay in the drive to take the islands' capital. The British tabloid The Sun reported this morning that 70AP - 110 words
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Article53 1982-06-12 1 UPI TOKYO, Fri. Japan's economic growth has plunged to the lowest level in seven years, gaining sl meagre 2.7 per cent during fiscal 1981, the government said today.. The rise was below the moderate 4.1 per cent the government had earlier projected for the fiscal year which endedUPI - 53 words
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250 1982-06-12 1 LOH HUI YIN - By LOH HUI YIN THE H*agk«ag Mass Transit Railway Carparattan will consider any request tram the Singapore government for consultancy services and training facilities. Eric Black, managing directar of MTRC, said sncii requests will certainly be considered, bat only after Hongkong's250 words
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Article530 1982-06-12 1 MAUDRENE NITHIANANDUM - By MAUDRENE NITHIANANDUM A ROW has broken out between Tan Chong and Sons Motor Co (S), distributor of Nissan-Datsun vehicles, and its biggest dealer, Chung Shan Motors (Private) Ltd. Into the fray has come Borneo Motors (S) Pte Ltd, the franchise holder for Toyota530 words
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Page 1 Advertisements
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Advertisement249 1982-06-12 1 Times •Ti; v! :i i mm JAPAN, the locomotive of buoyant Far Eastern physical gold demand this year, seems set for a fresh boost in offtake Page 2 ASEA Singapore Pte Ltd is investing $1.5 million to expand its present service workshop to assemble articulated cranes and handle more products249 words
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Advertisement33 1982-06-12 1 rv. C| JtlVe: 9est World Executive's Digest Now available at all bookshops,. emporiums news-stands. Distribvtad by £771 FEDERAL PUBLICATIONS |§M£l 1 New Industrial Road, Singapore 1953 |/*'J A member of the Times Organisation33 words
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Advertisement0 1982-06-12 1 }-;{'&.~_@+""]__&^"|^/./@>]/;(^0 words
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Advertisement44 1982-06-12 1 SIN(;.\W)RI this month Offshore banks: Making waves •Tourism growth: Half of las* year s? Music instruments trade: Key to success Relations with Britain: Bonds sti strong j!K> V' /.\v° e xP„erj£C' cP vO° > ;V #i #r^ X -fesS &.•> iU<a& §f p l _L, HHBHI44 words
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BANKING AND FINANCE
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482 1982-06-12 2 Reuter JAPAN, locomotive of buoyant Far Eastern physical gold demand this year, seems set for a fresh boost in offtake. International Gold Corp (Intergold) Far East chief executive Bernard Denet said. ."The most favourable seasons for gold investment in Japan are the June/JulyReuter - 482 words
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351 1982-06-12 2 FRENCH President Francois Mitterrand said he remains firmly attached to the European Monetary System. When asked whether France would leave the EMS, he said stability requires a system even though no system is perfect. He said that when other countries are being asked for discipline351 words
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255 1982-06-12 2 Reuter THE US Federal Reserve should not overshoot its M-l money growth target this year in order to compensate for undershooting the target last year, Treasury UnderSecretary for Monetary Affairs Beryl Sprinkel said. To overshoot the target would throw away the benefits achievedReuter - 255 words
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Article82 1982-06-12 2 FIRST National Bank of Boston, one of two major US banks which recently lowered the prime lending rate to 16 per cent, has raised its prime back to the prevailing 16 x h per cent level. The move by First National, America's 17th largest bank, leaves82 words
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Article768 1982-06-12 2 THE European Investment Bank (EIB) is launching a 600 million Luxembourg francs, eight-year, 12.25 per cent bond issue on the Luxembourg capital market. The bonds will go on sale to the public at an issue price of 99.5 per cent, giving a final yield of 12.35, per768 words
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439 1982-06-12 2 Reuter TREASURY Under-Secre-tory for Monetary Affairs Beryl Sprinkel said he hopes the Versailles agreement on multilateral surveillance of economies will reduce the amount of central bank intervention in foreign exchange markets. It would do so by helping to converge the economic policies ofReuter - 439 words
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327 1982-06-12 2 Reuter PERU is on target in its borrowing plans this year, in spite of the cloud cast over lending to Latin America by the Falklands crisis. Peru central reseive bank chairman Brian Jensen Roblo said the country has borrowed US$65O million from private banksReuter - 327 words
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260 1982-06-12 2 AFP INDONESIA'S annual foreign loan repayment still stands at under 10 per cent of the total value of annual exports, far below the allowable maximum rate of 20 per cent. Minister of State Administrative Reform, Dr J B Sumarlin, said this in JakartaAFP - 260 words
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Article149 1982-06-12 2 Reuter SOUTH AFRICAN gold holdings fell 123.14 million rand in May to 2.89 billion rand from 3.01 billion in April, the Reserve Bank said. In volume terms, however, holdings rose by 43,000 ounces to 9.06 million from 9.02 million in April. Gold reserves were valued atReuter - 149 words
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MONEY AND EXCHANGE$
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Article22 1982-06-12 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.08 per cent.22 words
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Article193 1982-06-12 2 ASIAN ASIAN currency deposit interbank rates as at close on June 11: US DolUr»(Spot> OfTrr Bid 7 days 14 3/16 14 1/16 1 month 14 7/16 14 5/16 2 months 1411/*****/16 3 months 14 15/1614 13/16 6 months 15>4 15 9 months 15'» 15 12 months 15'* 15 Dat. 8w.Fr*.193 words
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Article40 1982-06-12 2 RANGE o* prices offered by discount houses on June 11: Overnight: 4% Call deposits VZ Closing Baying Selling 3-month Treasury bills 4 3-month Bank bills 9*. OH 3 months CD 9H 9 1 6 months CD 9H 9'* Source:40 words
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Article163 1982-06-12 2 THE dollar for overnight delivery closed easier yesterday in Tokyo at 247 00 yen after opening at 247.50. This was well below both the New York overnight close of 249.25/40 yen and the finish in Tokyo on Thursday of 249.50 yen. Trading volume was a moderate US$l.62 billion. After163 words
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Article498 1982-06-12 2 THE foreign exchange market was fairly quiet yesterday as dealers squared early ahead of the week-end. Trading was more active in the morning before news of Israel's unilateral ceasefire in Lebanon. Against major currencies, the US dollar was weak. It opened at 552.1240/60 and was traded to a498 words
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Article224 1982-06-12 2 THE US dollar in Hongkong yesterday weakened against major currencies in active, late trading, extending losses incurred earlier in the day, dealers said. Approval by the US House of Representatives of a 1983 budget projecting a U5599.3 billion deficit raised hopes for a budget compromise and encouraged expectations of224 words
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Article283 1982-06-12 2 GOLD futures prices in Singapore yesterday closed up to US$1.50 an ounce higher in quiet trading. Turnover fell to 345 lots from 678 lots on Thursday. The actively traded August contract closed at US$337.50/337.70 an ounce, up $1.50 from Thursday. Prompt closed 80 cents higher at $331/332 while June283 words
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Article39 1982-06-12 2 Hian We* New York 6 OOB 5.88B 6.07S 5 85S Zurich 5 983 5 89B 6.OSS IU 5 99S tv--Singapore m 6 OOB inn 5.8SB 610S 5 95S Closing prices in US dollars a troy ounce Source:39 words
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Article50 1982-06-12 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 14 to June 18: Offered: $120,000,000 Applied for: $145,370,000. Allotted: $120,000,000. Accepted bids: $99.02 approximately 83 per cent higher bids in full. Average rate of diMHit •d allotment: 3.930 per cent per annum.50 words
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Article39 1982-06-12 2 Opening quotes yesterday were: US -1.7645 55 Can -2.2214 36 Cross 1.2590/93 DMk- 4.2250/300 D F1 4 6700 "50 S Fr 3.6050 100 B FY con 79.83/95 F Fr 11.0525 725 L|t 2336.75 2341.75 Yen 436 08 8639 words
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196 1982-06-12 2 Reuter INTERNATIONAL Monetary Fund managing director Jacques de Larosiere has defended the conditions his agency places oa countries accepting financial assistance. The fond has been criticised in the past year by the Reagan Administration for being too lenient on loans while the developing countriesReuter - 196 words
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Page 2 Advertisements
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Advertisement190 1982-06-12 2 PING R The biggest collection of beautifully designed handmade carpets and rugs. ever assembled. BIG DISCOUNTS OF UP TO 757. See the latest creations from our factory and choose from a collection of exclusively designed handmade carpets and rugs Beattify your home with a TAI PING exclusive seen only in190 words
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TRADE AND INDUSTRY
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Article, Illustration210 1982-06-12 3 EXKLUSIV Auto, the local distributor for Porsche and Renault cars, introduces today a new Porsche model. Dubbed the "super-baby," it is the Porsche 944, a newly designed sports car. Although it can be considered a "baby" by Porsche standards, the 944 is big in almost any210 words
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Article992 1982-06-12 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, NPB992 words
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183 1982-06-12 3 ASEAN countries have been urged to set up research and development (RAD) institutes on packaging to improve their products' competitiveness in the European Economic Community markets. The EEC participants at the recently concluded fiveday Asean-EEC seminar on packaging held here said such institutes183 words
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Article, Illustration463 1982-06-12 3 CHASE Manhattan Bank has promoted Yap Chu&n Sin to vice-president, corporate banking; Mark Juktwitk and Jer*me Smm to second vice-presi-dent, corporate banking; and lUbert Tu to second vice-president, human resources. Mr Yap joined Chase as a credit analyst in 1974. He was appointed assistant manager and assistant463 words
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415 1982-06-12 3 LIM SOON NEO - By LIM SOON NEO ASEA Singapore Pte Ltd, a whollyowned subsidiary of Asea AB of Sweden, is investing $1.5 million to expand its present service workshop to enable the company to assemble articulated cranes and handle more products. Mr Y P Chan, the manager415 words
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298 1982-06-12 3 SANDVIK Singapore Pte Ltd, a Swedish precision cutting tools manufacturer, will spend about $1.2 million in setting up a training centre and expanding its cemented carbide products division. The training .centre, which absorbs half the new investment, will offer advanced metal work training in298 words
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Article190 1982-06-12 3 FINNISH port equipment manufacturers are studying the feasibility of setting up production plants in Singapore. This was disclosed by Mr Pertti Huitu, commerical counsellor of the Embassy of Finland. He said that among the parties interested are giant companies like Inka, Kone, Nokia Engineering, Sisu-Auto and190 words
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227 1982-06-12 3 THE flyovers across Paya Lebar Road and Aljunied Road have been completed three months ahead of schedule. Mr Othman Haron Eusofe, MP for Geylang Serai, said at the official opening of the flyovers yesterday that this was achieved through the close cooperation and teamwork227 words
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Article68 1982-06-12 3 AN Asia-Pacific conference on management services will be held on Aug 19 and 20 at Hotel Equatorial. Dr Wong Kwei Cheong, Minister of State (Labour) and chairman of the National Productivity Board, will open the conference. Speakers include a professor and six other senior managers and consultants. They will68 words
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Page 3 Advertisements
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Advertisement188 1982-06-12 3 Anyone who knows lift trucks knows you can't do better than Hyster. Hyster has a reputation for quality, durability, performance and features. And when benefits like that are engineered into a lift truck, it's likely to be a bit more expensive. Until now. Now there is a new 2 to188 words
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OVERSEAS
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503 1982-06-12 4 UPI BUSINESSES in the US are cutting spending this year tjy 2.4 per cent in a further indication of the depth of the recession, but retail sales rose last month, providing a glimmer of hope, the US government said. A Louis HarrisUPI - 503 words
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174 1982-06-12 4 Reuter JOE GORMLEY, the eaalmlaers leader wh« helped topple British government, became Lard today in state honours awarded to the gaad and the great in public life in the Queen's birthday honours list. Others included Kevin Keegaa, captain d the England Warid (lip saccer team,Reuter - 174 words
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476 1982-06-12 4 NYT THE US and the European Community apparently failed to reach agreement on Thursday on steel import quotas, and the US Commerce Department prepared to announce stiff penalties on some European steel. Barring an eleventh hour breakthrough, the action was expected toNYT - 476 words
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Article381 1982-06-12 4 1 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Asunaro 33/4 Carrington alongside 12.6.82/1700 Feng Ying 1/2 Y Fung alongside 12.6.82/2300 Kim Soon Li 22 Thong Soon alongside 12.6.82/0700 Peony 6/7 SShpg alongside 12.6.82/1100 Perak 20W SSPL alongside 12.6.82/1100 River Gurara 47 Boustead alongside 12.6.82/1500381 words
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287 1982-06-12 4 Reuter AFTER Ove months of fighting far a IKS budget. US President Reagan has scored a major victory la the Hilar of Representatives. Bat proposals approved by the Hoase on Thursday still have ta be reconciled with a Senate spending plan before the U8Reuter - 287 words
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513 1982-06-12 4 AP CHINA closed a meeting with nearly 260 potential foreign investors on Thursday, saying it had found companies interested in projects worth more than US$2OO million. No contracts were concluded and exploratory talks actually were scheduled to continue one more day at China'sAP - 513 words
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243 1982-06-12 4 AFP SHIPOWNERS in the Association of South-east Asian Nations are searching for ways to save fuel and to reduce other costs. Shipowners are spending as much as 40 per cent of their total expenditure on oil while competition in the merchant shipping businessAFP - 243 words
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Article298 1982-06-12 4 AFP THAILAND'S Interior Minister has quashed long-standing proposals for a casino at Thailand's premier holiday resort of Pattaya, saying the government would never sanction it. The struggle to get government approval for a casino at the seaside resort on the Gulf of Thailand, about 150 kilometresAFP - 298 words
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WORLD IN BRIEF
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Article406 1982-06-12 4 Agencies JAPAN'S official development aid for developing countries fell by 4.1 per cent from fiscal 1980 to US$3.l7 billion in the fiscal year ended last March. The Foreign Ministry said on Thursday the sum represented 0.28 per cent of gross national product, compared with 0.32 per centAgencies - 406 words
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402 1982-06-12 4 Reuter THE world is winning the battle against over-popula-tion, with a projected 6.1 billion people on the planet by the year 2000, down 20 per cent from previous estimates, according to a United Nations report. But the prospect for 2110, when stabilisation may be achieved,Reuter - 402 words
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124 1982-06-12 4 AP THE loss of warships in the South Atlantic has pushed Britain's costs in the Falkland Islands conflict to near £1 billion. Government officials in London yesterday told the Press Association, Britain's domestic news agency, which gets regular briefings from high government officialsAP - 124 words
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246 1982-06-12 4 Reuter SAUDI Arabia has opened a diplomatic offensive in the West to halt Israel's invasion of Lebanon and Arab commentators have urged a boycott of the US. Crown Prince Fahd, accusing Israel of crossing the limits of Arab patience, has sent Foreign MinisterReuter - 246 words
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Article808 1982-06-12 4 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0025 JFK/SFO HKG CAL CI331 0350 TPE SIA SQ101 0805 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CPA CX710 1035808 words
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Page 4 Advertisements
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Page 5 Advertisements
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Advertisement1887 1982-06-12 5 GREAT PACIFIC FINANCE LTD. AND ITS SUBSIDIARIES (Incorporated in the Republic of Singapore) CONSOLIDATED BALANCE SHEET, 31st December 1981 The Group The Company The Group 19K1 1980 The Company 1981 I*o I SHARE CAPITAL Authorised: Ordinary shares of SI each Issued and fully paid: Ordinary shares of $1 each STATUTORY1,887 words
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Article479 1982-06-12 6 TODAY WE extend the hand of congratulation a mere 11,000 kilometres to Britain, wherein resides Mister Joe Gormley, surely the outstanding poacher-turned-gamekeeper of this or any other month. Mister Gormley deserves every letter of his spelt-out title, for there are not many chances left to use479 words
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263 1982-06-12 6 A SATAY seller one day grew tired of fanning his fire. So he bought a hair dryer and used it as a blower. And a salesman at Yamaha music showroom once told of an old man who bought a pair of drumsticks. He was no263 words
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Article, Illustration886 1982-06-12 6 ALEX COMFORT - Best-selling author ALEX COMFORT argues that aging issues are human rights issues and old people need what people need. ALEX COMFORT WHAT comes to mind when you think of an old person? A person, old in appearance, who happens to have been around a886 words
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554 1982-06-12 6 ROBERT POWELL - Colombia set to be a top coal exporter By ROBERT POWELL Reuter COLOMBIA is about to open up a new coalfield which it believes will make it one of the world's biggest coal exporters by the end of the *****, accounting for 10 per cent of the market. The firstReuter - 554 words
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Page 6 Advertisements
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Advertisement252 1982-06-12 6 Is there Life after 60? Discrimination in employment and education often creates more problems for the elderly than declining health kk K *JM m II Mil In the industrialised countries three quarters of *u over 60s art healthy enough to lead active independent lives But more than trre in »i«252 words
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Page 6 Miscellaneous
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Miscellaneous650 1982-06-12 6 CRYPTIC PUZZLE ACROSS 4 Respond flexibly to a demand (6) 7 Apt to stick together in a fight outside an inn, maybe (8) 8 Changing to reform from toping (6) 10 Most disagreeable word! (5) 13 Move aggressively towards this animal (4) 14 Like a sweating mare, on the quiet650 words
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Miscellaneous880 1982-06-12 6 r*KW«VID SINGAPORE 5 A NEW MuMw series at LHpi. Twe toothers, Meßaaey) «pente Sab Dieses meet km wfcwfcl 9la (Mi Oral efMe "Details at Elevea", they Peter Graves the See flfreads Lee m Cmear* aa Chaaael 5, 1M pas. She slags "Cesslag aa "Jahaay Oaa Tlae", "Yarte tha Oaa that880 words
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Article, Illustration624 1982-06-12 7 RICHARD SEAH - Research and development By RICHARD SEAH SOMEBODY once defined research as "searching for what had already been found." This is not what most people understand research to be, however. Researchers are expected to start with just an idea and to make new discoveries and new624 words
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Article364 1982-06-12 7 LEE HAN SHIH - By LEE HAN SHIH OVER the next five years, Dr C C Hang of the National University of Singapore's electrical engineering department will lead a team of 12 researchers to develop computer software for process control and industrial automation systems. Initially, the team will concentrate on how to364 words
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Article449 1982-06-12 7 WONG MAI YUN - By WONG MAI YUN CONSTRUCTION cost, particularly in housing, could be reduced if the research and development project undertaken by a group of National University of Singapore's lecturers on low cost construction materials proves fruitful. Eight lecturers from the Department of Civil Engineering have been awarded a $1.03449 words
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1226 1982-06-12 7 FRANCIS CLINES - By FRANCIS CLINES NYT US AMBASSADOR at large Vernon Walters, the army private who talked and worked his way up to three stars and then to the top level of the Central Intelligence Agency, is thriving now as the administration's loner at large.NYT - 1,226 words
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361 1982-06-12 7 WONG MAI YUN - By WONG MAI YUN NOT all the various departments of the National University of Singapore undertaking the research and development projects are entirely self-sufficient. One of the projects needing specialised expertise and facilities is the geotechnical research project to be361 words
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Article327 1982-06-12 7 WONG SOUK YEE - By WONG SOUK YEE ABOUT 100 families staying in a new block of HDB flats will have a "black box" installed in their homes in two months' time. The box will be able to do the following: read public utility meters, by remote control; maintain327 words
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Page 7 Advertisements
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Advertisement334 1982-06-12 7 SSSKf 1 Britannica 3 and give yourself and your fam the Bntaiinica advantage! it's the key to success in a competitive world That's why you should give your child aU the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly334 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article176 1982-06-12 8 JUNE 10 Fls ARM 282.00 -3 Ahold moo -0.6 Akso 2130 -0.4 A KIEV 81 00 -0J Amfu 74 70B Amrobnk 40 JO -0J Berfoes Berk 26.10 unch BoU 54.10 -1.1 BorsuxnlJ 94J0 -1 Burhnunn 35 00 0 1 Caland 30 JO -0.1 Calve Delft in 00 -0 Dell176 words
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Article246 1982-06-12 8 JUNK 10 Fr» CORBEILLE Air-Liquid* 416 4 B 8 N Otrnli Dan one 1486 unch C 8 F (ThomaonC*f) 197 JO -0-3 Cle Francaise des Petrole* 13* 0.6 Compa<nle Flninclere Compacnle Oenerale Credit Foncler De France 367 Hachette i Ll bruine 906 -7 Machines Bull 3115 1.4 Mlchelln (B)246 words
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Article75 1982-06-12 8 JUNK 10 rr* FORWARD MARKET AM* 483 +13 A-K—« I1M -M Astur SBO -10 790 -1 Bru-Lamb ias -i Ctnptc rvrf ion is 150 -5 De Beer* 201 -4 Ebet IMS *70 Electrobel 4330 -30 Qb-Inno-Bm 2566 -36 Oe» 1106 -a Hobo* 3225 -10 8oc Oen Belg 1240 -3475 words
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Article176 1982-06-12 8 JUNE 10 tanei Actions Sulwrt M4 unch AluaulMe Br. US -1 AJimilt Rcc lit -5 Brown BbwH Br. no 10 Clba Orlcr Br ISO ♦10 CI be Otigj p C 1006 unch Cite (Mn Rcf Credit Mm Br MS 1730 -J unch Credit Suisse Ret 90 ♦1 ElekLrowmu Br176 words
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Article84 1982-06-12 8 JUNE 10 Lire ButOfl 138 K am -ion CenttmJ# Ort mo -130 Con<1 Aequa Roma 146 -i Ertttenla ***** -«10 FIH Ocd 1040 Ocnerail *****0 -M00 aim zno -00 in Pli* 3335 -US Inw* zrn -101 IUiceiiMnU Ort »100 -MOD IUifU 703 -M Lepput On) no -so IMMtna *****84 words
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Article134 1982-06-12 8 Reuter KUBOTA Ltd said it expects after-tax profit for the year ending April 15 1983, to rise 3.5 per cent to 16 billion yen from last year, on sales of 580 billion yen, up 8.2 per cent. Continued active export orders will help the better business forecastReuter - 134 words
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Article198 1982-06-12 8 JUNE 10 CI AMtlbl 14* H A lean 10* Alfoma 17* unch Bank Moot It* Bank Nora ScoUa 21* Bell Tel It* unch Beth Corp BP Can Ltd Braacan 15* Cans Red Lake Can Imp Bk 13* 10 unch Ctnptf a* -it Canpar In* Pf Carting OKeete unch Com198 words
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Article271 1982-06-12 8 JUNK 10 Rand INDU8TKIAL8 A Alpha Abercom AC And CI AMIC B4TIOV1 300 no MS no 715 unci) -S unch -5 Cf Sugar r&* Cum* ruiancc De Been Ind Bdcon 1330 HO JS J0 MB ZZZ i+toB unch Mpr. Erereadj red Volt (000 3&0 unch ruftt Oardlan Olenanl Oralemn271 words
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Page 8 Advertisements
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Advertisement195 1982-06-12 8 Where to wine, dine and entertain nrv -J TV with ttie American Express Card c Daif Wufj/ebl Thv+wtu? The true Singapore flavour popular Nonya Buffet SaT r-* Luncheon at a special price. With tongue just to name a few. Take your pick, it's great food, going for a song! Come195 words
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Advertisement132 1982-06-12 8 T* iliiu JAPANESE RESTAURANT ifiL JBi For sushi. For teppanyaki. For other authentically Japanese delights. Open (id/i'v 12 Moon A p it) ft p m 10 .'■>'() 11 mi /-or reservations call 737^677 i C ciilmi I i i U Slhtjiioi i Sii ij-i« 11 >4»i 00-vr-":: ANA HC'TE lS132 words
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Advertisement213 1982-06-12 8 See Page 9 for NYSE prices and Page 11 for Asian stocks The perfect en J to a romantic drive. r i s I I K I The sea mrnt.lv lap* the palm-fringed shore. Hourgainvillnea cascade* annd-f a riot of greenerv. The air i* henvv with t he vent of213 words
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Advertisement176 1982-06-12 8 When you dine, dine Cantonese. N--V 9 A m I O 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 stage176 words
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Advertisement141 1982-06-12 8 Itfc as good as going to Bangkok. m m This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant141 words
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RAW MATERIALS
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Article756 1982-06-12 9 COFFEE: Robusta futures yesterday ended the session around the morning's highs between £18 and £8 a tonne above Thursday's close in traded positions. Dealers said prices traded in a narrow range after opening as much as £13 higher on follow-through from New York's higher close. September moved between756 words
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Article138 1982-06-12 9 THE Kuala Lumpur crude palm oil market yesterday closed mixed on light buying support in moderate trading, dealers said. In June south and central were traded unchanged at M 5917.50 and $910 a tonne respectively while in July central fell $2.50 to $905 and south unchanged at $910.138 words
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Article1267 1982-06-12 9 NEW YORK STOCKS SPECULATION that the House of Representatives may reach a federal budget compromise caused a last minute rally in New York on Thursday and stock prices ended higher after flirting with the down-side most of the day. The Dow Jones industrial average was only fractionally1,267 words
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Article324 1982-06-12 9 SINGAPORE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.90, 100 per cent third class 0.82, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.324 words
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Article142 1982-06-12 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yarn: China Blue Phoenix 20s 2,335 32s 2,920, 40s 3,120 (per bale of 400 lbs). Pakistan raw cotton: LSS 5.82, 4F 5.78; 289F 5.90; NT roller ginned 5.85 (per lb). CLOTH in142 words
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Article176 1982-06-12 9 CHINESE Produce Exchange, Singapore, noon closing prices per 1M kg yesterday. Coconnt oU: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Copra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper fob Asta NLW $352.50 sellers, Sarawak white pepper176 words
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Article139 1982-06-12 9 SOYBEAN futures in Chicago on Thursday closed mixed on a steady note, up two US-cents a bushel in July to off one cent in distant July. Forecasts for generally good planting weather across the midwest improved the outlook for final plantings, limiting the upside potential in new crop, traders139 words
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Article116 1982-06-12 9 WHEAT futures in Chicago on Thursday closed unchanged to up US-cent a bushel on an uncertain note. Trade talk of quality problems with the SRW wheat crop and reports of continued problems with the USSR crops also underpinned values, traders said. However, new crop sales in the southern wheat116 words
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Article78 1982-06-12 9 THE STRAITS TIN price in Penang yesterday held at MJ29.21 a kilo for the ninth trading day running, still within the ITA lower sector of $29.15 and $32. K. The buffer stock manager maintained strong support in the market with other sections showing little interest dne to the78 words
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Article31 1982-06-12 9 Rubber: June 11 Singapore: July: 186.75 cents (up 1.75 cents) Malaysia: July: 207.00 cents (up 1.00 cent) Tin: M«29.21 per kilo (unchanged) Official offering: 191 tonnes (down 24 tonnes)31 words
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Article528 1982-06-12 9 RUBBER prices in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 186.75 cents a kilo, up 1.75 cents from Thursday's close. In Koala Lam par, the market closed steadier with July Int One RSS buyer quoted at 207.00 cents a kilo, up one cent from528 words
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287 1982-06-12 9 THE market remained quiet and lethargic on minimal turnover, as current July One RSS fluctuated within the narrow range of two cents to finish one cent down overall. With physical orders affected by Western factory holidays and trading opportunities lacking, operators appeared impervious to287 words
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Article118 1982-06-12 9 NOON SSR and SMR price* yesterday RA8 July AllfUBt (Current Mth) (Forward Mth) SSR 20 (1-tun pallet) Buyer* Seller* Buyer* Seller* 164.00 165 00N 165.00 166 OON SSR 50 (1-ton pallet) 161.50 162 SON 162.50 163.50N MRELB July Aufuat SMR CV 11 -ton pallet 1 207 00118 words
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Page 9 Advertisements
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Advertisement515 1982-06-12 9 There is no limit to growth. But steps must be taken NOW. Securing a position in the market is like RULING BY SHEER PRESENCE. Nobody can deny you that share if you are present. This programme will sharpen your alertness and train your reaction to your competitors' moves and make515 words
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1567 1982-06-12 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Ac ma1,567 words
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Article119 1982-06-12 10 Tt» Cimara 11» UM Tto Saviop Fund I* f S port Pro* road L® 1* fpmSRrM I» US S poct lBwrt PM LM U1 5>rr Equity ftMl 13 12> WU IMH <WP LJT 1« Mu Secarfnr 1* VUJ 9a>t« fa< I Ito] ImZ, rmd 9M i4) w KMMMC119 words
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Article2814 1982-06-12 10 1982 High Low Gr'» Gr*» Net Last Div Div YHd P/E Vol Company Sale or- C*vr ('OOO) Day f High Low SECTION ONE INDUSTRIAL COMMERCIAL 390 233 306 320 141 291 400 320 247 172 246 320 96 193 290 240 Acma Alcom Allied Choc BAT Bata2,814 words
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Article1628 1982-06-12 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. INDUmiAJLfi Aca* (US) (10) 3 32 (5) 3 28 (2) 3 341,628 words
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Article122 1982-06-12 10 DUTCH Baby Milk Industries (Malaya) Berhad: Nineteenth AGM to be held at No. 13, Jalan Semangat (Section 13), Petaling Jaya, Selangor on June 14 at noon. INDUSTRIAL Oxygea hMfparated Berhad: EGM to be held at Ma war Room, 1st Floor, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur on122 words
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Article747 1982-06-12 10 SHAKE priees recovered nwrt gnud yesterday, u seme mlMwiw quietly returned to the Singapore ■leek market, eiteMiig Thursday's late bnylug Interest. The Straits Times Industriai Mei closed Ml points higher to 71SJM. An analyst said leeal sentiment was aided by expectations tkat New York stocks747 words
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Article594 1982-06-12 10 SHARES closed the week on a brighter note at the Kuala Lumpur stock market yesterday with a fair range of stocks recording moderate gains. Turnover dropped sharply. Sentiment was generally better in the afternoon session in more active trading but values closed off the best levels594 words
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COMPANY NEWS
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Article907 1982-06-12 11 Carreat Ex Basks Date Tstal far Tstal far Payment Date Clsse Payable the year Prevtoas year Aetna 5% Jun 30 Jul 7 Jul 21 15% 14.5%(a) B Sembawaag 35%(f) Jul 23 Jul 30 Aug 16 35% 20% B Ray* 5% May 20 Jun 1 Jun 24 5% 4.4%<a)907 words
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Article222 1982-06-12 11 Company Particulars Ex Date Baaks Ctoe G Lumber Proposed rights issue of 3 for 10 <& $1.00 per share NY A NYA K G Hldgs Proposed bonus issue of 4 for 5 NY A NYA Malaya wata Rights issue of 1 for 2 Jun 23 fe $1.40 per222 words
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ASIAN STOCKS
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Article382 1982-06-12 11 HONGKONG STOCKS in Hongkong yesterday closed higher in line with the Wall Street, mainly due to an imminent settlement of the 1983 US budget, brokers said. Lower US interest rates are expected to be the consequence both in Hongkong and in the US which gave a boost382 words
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Article469 1982-06-12 11 SHARE prices in Tokyo yesterday firmed after eight consecutive days of decline in response to news the US House of Representatives approved a 1983 Republican budget plan projecting a U5599.3 billion deficit. The market average gained 43.18 to close at 7,195.46 after an 80.75 fall on469 words
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Article344 1982-06-12 11 UNITED States House of Representatives approval of a U5599.3 billion 1983 budget deficit prompted a resource sector rally on the Sydney share market yesterday with a sharp increase in local and Asian buying interest, brokers said. At the clo6e, the All Ordinaries index was 4.5 points up344 words
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Article87 1982-06-12 11 JUNE 11 Pan H Phil Hldai AJO -0J Aeof Mlnlnc Phil 0016 unch Ap*x Mining B Atlas Coo. B .01 unch IS.40 unch IU(llk o ooia D01S unch Bute Petroleum DM -***** Benfu CDC* wt Cor B J0J0 unch 1-46 unch r*C" I", duque B 4 unch —> Oriental87 words
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Article114 1982-06-12 11 JUNE 11 Ant ham Thai Banu AniUajt In*. AodTTUtt Banckok »*"> Bank Of Ayudbays Lid n unrb Bartl Juckar 7 Charaonc Thai an» nrtaton* nm Trwt Oootfjw Ivwlmtrtel rin«n. unch uwuNiau r mwi Ot Cora Jilifttlhin OnaiHtttl Bo* mm in* OJ S Dim Towwt Bah* Union so unch Man114 words
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424 1982-06-12 11 LEONG Huat Industries has blamed the dumping of steel products in Singapore and high interest rates for its second successive loss for the year ended Dec 31,198 J. The group recorded a loss of $524,834 on an improved turnover of 19.69 million. In424 words
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Article329 1982-06-12 11 CENTRAL Properties made an extraordinary gain of $6.77 million last year from the sale of its shares in sister company Town and City Properties, now controlled by the Harapan group. It was also a year of record earnings for the group with pre-tax trading329 words
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Article186 1982-06-12 11 ALLIED Malayan Development Bhd has amended its proposed rights issue from one-for-one to one-for-two. The price of the rights, however, remains at $100 each, although the total proceeds to be raised would be reduced from $5.5 million originally to $2.75 million. AMD says that proceeds from186 words
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Article75 1982-06-12 11 DRAGON and Phoenix Bhd has sold its entire shareholdings of 3.7 million shares of $1.00 each in subsidiary Tumpuan Sdn Bhd for $4.5 million cash. Tumpuan, which was set up last year, owns a 4.73 hectare piece of land earmarked for housing in the mukim of Ulu75 words
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1022 1982-06-12 11 CHRIS LIM - Market Talk... By CHRIS LIM UNLESS tourist arrivals can maintain an 11 to 12 per cent compounded growth, occupancy rates in Singapore hotels will decline sharply by 1985 when new hotels at Marina Centre, Raffles City and Changi Airport are completed, says1,022 words
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Page 11 Advertisements
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Advertisement348 1982-06-12 11 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated348 words
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87 1982-06-12 12 SEMBAWANG Shipyard Ltd yesterday dhdwed that tt kai kecMW a sabstaatial sharehsider of Natteaal Iron ft Steel Milk Ltd. Sembawaag Shipyard said tt 9wm LIH mllltea shares ta Natteaal Iroa, represeatlag S per cent d the tatter's capital sf $4 SJ» mlllloo.87 words
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111 1982-06-12 12 FIMA'S offer for the eatlre tossed aad pald-ap capital of Usited Plaatatteas at Mft per ordinary share has become unconditional. Yesterday, Flma, the Malayslaa governmentowaed agro-based industrial grosp, aaaoaaced that tt had received accepts ares totalltag ».n million ordlaary shares represeattag M.17 per ceat of111 words
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Article101 1982-06-12 12 THE Kaala Lam per Stock Exchaage ku qaerted KkHg Qua Holdings Malaysia m Its aadlted results far the yew eaded Dee SI, 1181. The eampaay has heea asked to faralsh details sf aa extraordlaary item of MfllJ mllHoa la Its aeesaats. It Is aaderstssd101 words
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Article38 1982-06-12 12 TDM BHD has Incurred graap pre-tax lasses sf MS49MM far the year eaded Dee n, lMt. It Is reeammeadlßg a first aad Baal dividend sf S per eeat leas tax (total et 7J per eeat prevtoasly).38 words
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Article30 1982-06-12 12 KESANG Holdings Bhd has received approval tram the Malaysian Foreign Investment Committee to acq aire If per eeat sf Pakataa Sara Sda Bhd, a quarry company, far MSK2,IM eaah.30 words
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Article730 1982-06-12 12 LONDON, Fri." The stock market firmed today, helped by the Middle East ceasefire, but weekend influences kept trading interest at a modest level, dealers said. At 3pm, the Financial Times index was up 3.9 points at 562.4. Government bonds showed gains ranging to V« point, further helped by730 words
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Article110 1982-06-12 12 AP NEW YORK, Fri. The stock market rallied sharply this morning, responding to the House of Representatives' approval of a Republican-spon-sored plan for the federal budget. The Dow Jones average of 30 industrials jumped 9.70 points to 808.41 in the first half an hour. Gainers took anAP - 110 words
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Chief Price Changes
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Article144 1982-06-12 12 Rite* 81* IbU IV t* ♦an lia lw MO OCIC Binlfc Ti »<■! M6 •a aao 35 Dm« 1 M SP M rn»iri>M MO u 91 1 m 12 M b t UMa* 330 M C Of» m 13 »o til MB 10 l Jf1 810 10 Ol 1144 words
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Article, Illustration154 1982-06-12 12 Riiei U Cable* STre4ln« Set Prop S M In J UMw Um Mo t kt*JN NST H L lad MMC OljrpftU Wm Um Supreme Corp Pia Elec «S> sa& tu> xo 9) BD fill in) set ISl 274 m Mi ID B 23 S 35 15 14 U154 words
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Article47 1982-06-12 12 FINANCIAL TIMES INDUSTRIALS Thursday 578.5 Wednesday 587.3 Week Ago 586.8 Friday 1336.98 Thursday 1306.21 Week Ago 1361.36 AUSTRALIAN INDUSTRIALS Friday...——— 044.5 Thursday #45.9 Week Ago 657.3 DOW JONES AVERAGE INDUSTRIALS Thursday 798.71 Wednesday 796.57 ALL ORDINARIES Friday 487.1 H.K.HANG SENG Thursday 482.6 Week Ago 497.947 words
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Article669 1982-06-12 12 ALAN LEE - IKHlll Companies Editor: Mano Sabnani By ALAN LEE HUME Industries (Malaysia) Bhd is proposing to sell its most profitable subsidiary, Hume Industries (Singapore) Ltd, less than two years after it was acquired from Hume Industries (Far East) Ltd. The latest development is seen as669 words
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Article212 1982-06-12 12 LIEN Hoe Industries yesterday clarified that a general offer by Peck Hua Holdings for shares in the company will have to be made at a minimum price of Ms 6 per share or at the highest price it paid for the shares within 12 months212 words
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568 1982-06-12 12 PERMODALAN Nasional Bhd (PNB) is unlikely to make a full bid for the entire Harrisons and Crosfield group, at least in the foreseeable future. Analysts in London feel that PNB, by taking over Harrisons Malaysian Estates (HME), has already satisfied Malaysia's aspiration568 words
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Article, Illustration407 1982-06-12 12 "mm SiKXSCL». by HOCK LOCK SIEW PERMODALAN Narioaal BU'i package tie-up with Harrisons and Crosfield for control of HarrtoMS Malaysian Estates reflects its versatility in achieving its objectives in line with the New Economic Policy, quite apart from the political and financial punch ascribed to it. Together withby HOCK LOCK SIEW - 407 words
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Article390 1982-06-12 12 THE MALAYSIAN Foreign Investment Committee's ruling that Peck Hua Holdings must make a general bid before assuming control of Lies Hoe Industries (LHI) has been a test case of sorts, awaited with much interest by merchant bankers and the Malaysian corporate sector in general. But the390 words
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Advertisement279 1982-06-12 12 Worldwide management experience at your fingertips. mm World Executive s Digest TECHNOLOGIES FOR THE 80s I. Design and Manufacture by Computer Fortune 11. The Robots Have Come! Across the Board 111. Lasers: the Howling Light Compressed Air Magazine IV. The Fiber Optics Connection Administrative Management V. Biotechnology The Economist Dining279 words
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Page 12 Miscellaneous
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Miscellaneous65 1982-06-12 12 OUTLOOK for Singapore today: Fair and warm except for passing showers in a few areas in the afternoon. Report tor 24 hours prior to IJI pm on Jane 11 at the airport: Maximum temperature 32.9 Associated humidity 62 Minimum temperature 26.4 Associated humidity 96 Hours of sunshine 9.10 Rainfall in65 words
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