The Business Times, 18 September 1982

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 BATURDAY, SEPTEMBER 18,1182 60 CENTS
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  • 578 1  -  By JOHN LIM COMPANY welfarism does not mean employers forking out a lot of money, «neither does it involve only "money. Instead, in welfarism, it is the commitment and concern for the welfare of workers that is more important s This NTUC perception of
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  • 472 1  -  By LEE HAN SHIH SOME software vendors in Singapore are using "time bombs" to destroy their programs in the event of non-pay-ment or theft. When a software package is sold and installed in a client's computer, a time clock is set off
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  • 283 1 US$4.7bn leap in Asian market THE Asian dollar market took a US$4.7 billion leap in July to reach US$97.l billion, after three months of sluggish growth. The rebound was due mainly to Interbank activities, according to latest statistics from the Monetary Authority of Singapore. On the assets side, interbank funds
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  • 458 1  -  By BERNADETTE CHOOI INTEREST rates are likely to fall further in Singapore as the money markets are flush with funds and the differentials between local and US rates are narrowing. Most dealers say the present liquid conditions in the local overnight market
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  • 453 1 THE tourism authorities of Singapore and Malaysia are likely to make a Joint selection of private sector representatives as membars of the newly-formed Malaysia-Singapore Tourism Council This was disclosed by officials of the Singapore Tourist Promotion Board (STPB) and the Trade Development Corporation (TDC) of
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  • BRIEFLY...
    • 81 1 AFP THE Indonesian government has decided to do away with food subsidies, expected to amount to over US$3OO million this fiscal year, in an effort to cope with sagging exports and the effects of the world recession. The head of the National Logistics Agency said the freed
      AFP  -  81 words
    • 61 1 Reuter WORLD oil production in the first six months of 1982 (ell to the lowest level since 1975, the US Oil and Gas Journal reported. Output declined by 8.7 per cent to an average 52.6 million barrels per day (bpd) and industry experts agreed there was little
      Reuter  -  61 words
    • 49 1 AP ISRAELI forces consolidated their occupation of West Beirut yesterday, flushing out diehard leftist Muslim Lebanese militiamen with massive tank fire. Israeli tanks devastated the headquarters of the Mourabitoun, the largest Muslim leftist militia which fought alongside the Palestine Liberation Organisation against Israel's invasion of Lebanon. AP
      AP  -  49 words
    • 81 1 AFP AIR France's Concorde flights on the Paris-Washington-Mexico route are to end by the end of this year. The airline said the decision would leave it with only a single daily Concorde service between Paris and New York. The concentration of all Concorde supersonic flights on the
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    • 97 1 Reuter FUEL was flowing again yesterday at petrol stations in Sydney, Australia, which had started to close because of a three-week strike at the city's biggest oil refinery, a refinery spokesman said. Striking operators at the Kurnell Refinery agreed to release enough petrol for 12 days
      Reuter  -  97 words
    • 58 1 UPI CANADIAN limits on Japanese car imports may save 500 domestic carworker jobs, but it will cost consumers US$35O million in higher prices, Canada's Japanese car dealers said. Robert Attrell, president of the Canadian Association of Japanese Automobile Dealers, said the limits may prompt Japanese retaliation against
      UPI  -  58 words
    • 69 1 Reuter THE US army has announced the creation of a unified command for commando-style units to meet what it termed the threat of Soviet penetration in developing countries. Brigadier-General Joseph Lutz, commander of the new special operations command which will start operating in October at Fort Bragg, North
      Reuter  -  69 words
  • 490 1 Reuter WEST Germany's LeftLiberal coalition collapsed yesterday and Chancellor Helmut Schmidt asked Parliament to agree to fresh elections as soon as possible. Opposition leader Helmut Kohl refused talks on an early poll and demanded the chancellor's resignation. Free Democratic Party (FDP) leader
    Reuter  -  490 words
  • Page 1 Advertisements
    • 243 1 THTO !<."• i'O ;1 *Vi 11 United Overseas Finance will soon be the first finance company here to offer automated teller services Page 2 HIGHER salaries for security officers slashed the operating surplus of the Commercial and Industrial Security Corporation last year Page S WORK on the Singapore Island Country
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    • 74 1 La Taverna welcomes American Express card memoes with Italian flair. La Taverna restaurant at the Hotel Grand Central offers a toast to the good life with pasta, pizza, and vino. This hearty Italian zest for living makes La Taverna high on the list of the discrimination American Express card member.
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    • 95 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) G RAPID SLAM' by AIUNS!NG\NE>IR USA V m Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear. Keith chooses GRAND SLAM because he cares about
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  • BANKING AND FINANCE
    • 433 2  -  By BERNADETTE CHOOI UNITED Overseas Finance will soon be the first finance company here to offer automated teller services. The new facility will be provided to its customers through the 35 automated teller machines already set up by its parent company, the United Overseas Bank.
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    • 144 2 Reuter SHORT-TERM US interest rates will rise again in coming months assuming monetary policy is relaxed, US economist Milton Friedman said. He told the weekly economic magazine Wtrtschattswocbe in Dusseldorf that in the long term, interest rates will mirror movements in the inflation rate. "I do
      Reuter  -  144 words
    • 504 2 THE UK government's determination to cut interest rate* further when market conditions permit is unlikely to have been affected by latest money supply figures, London financial sources said. Detailed figures (or the August banking month published on Thursday revealed nothing that will give
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    • 155 2 ACI INTERNATIONAL, Me (aetarlag miff m jatwfcy ft—* ey fits Wag rmte Imi failMlji Ike facility, w ef the largest I» be slgaed la Wng»|ifr, Is Isad mu^ aJETMi b» Iwil^dlißlii AutnJU aatf New ZeeMargaa Gaaraaty 1M Ce ef New agara ef the mieaM leaa,
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    • 449 2 Reuter THE international financial system faces problems that cannot be solved by shortterm solutions, but governments, central banks and international institutions are by no means unprepared to cope with a crisis, Deutsche Bank AG Joint management board spokesman WDfried Guth said. 1 I ■if*
      Reuter  -  449 words
    • 232 2 Reuter NON-STERLING deposits of overseas customers with the UK monetary sector Jumped £7.98 billion equivalent in the four weeks to Aug 18, the largest rise in over a year, Bank of England figures show. The £7.92 billion increase follows a sharp £4.9? billion rise in
      Reuter  -  232 words
    • 668 2 Reuter FRANCE ie likely to draw half of its planned US$4 billion, 10-year standby credit by the end of this year, banking sources said. Coordinating lead managers* Societe Generate, Bank of Tokyo and Arab Banking Corp are confident the planned M billion credit will
      Reuter  -  668 words
    • 355 2 Reuter VENEZUELA will BOt launch Its next Euromarket operation before final syndication of loam for state power companies Edekra and Cadafe, expected at the end of this month, finance ministry sources said. The two loans of US$35O million each are expected to close by Sep 25, and
      Reuter  -  355 words
    • 351 2  -  By LEE YOKE MENG MANULIFE (Singapore), which entered the local life insurance market about two yean ago, has added a special clause to its poUdes to allow the policy buyer a tree look at his policy. This "tree look" also known in the
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    • 190 2 EXXON dorp's Exxon Finance NV subsidiary Intends to Isaae op to US$l» million of 11 per cent guaranteed five-year notes tills year. An initial sale of $135 mfl--Ikm wffl take place on Sep S, when the notes win be auctioned In the US and
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    • 98 2 Reuter THE Wast German Bank Super vlsoiy Office has ordersi the closure of a sman West Berlin bunk in view of payment Irregularities. The Asksnlsche Bank Trautwain una Co had a balance teet totalling 151 million Deutschemarks at the end of August, deposits at US
      Reuter  -  98 words
    • MONEY AND EXCHANGES
      • 441 2 THE US dollar eased during the morning trading against most of the major currencies but finned up during the afternoon with the London markets opening. Against the local dollar, the American currency opened at 2.1*0/70. The US dollar eased slightly before commercial buying provided support in what dealers
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      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers Is 10J7 per cent.
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      • 173 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Sep IT a:—ar 7 day* u tnt ni/io 1 month 11S/M 111/M 2 months ii U/M ii U/M S months 13* 13* 6 month* 13H U months 13 a/it UV1( 13 months 1J 7/16 19 8/10 Dm, 8w _fr»
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      • 42 2 RANGE of prtcw oOmd by i cam koM *>f ft Overnight I** CaB ttapotftr »H -1* cu« krNMN VmonUi Treasury bill* J Vie 31/16 9-month Bank bills 715/16 71V16 3 month! CD 715/16 71V16 montbi CD 7H Source: National Discount Co
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      • 46 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 20 to Sep 24: Offered: 1190,000,000 Anted fsr: ******0,000. Allotted: 1150,000,000. Aeeopted Mis: $99 23 approximately 98 per cent; higher bids In full. en aJMnmt: 1060 per cent per annum.
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      • 279 2 GOLD FUTURES in Singapore yesterday closed slightly firmer after fluctuating within a narrow margin in light tradingTotal sales Cor the day was recroded at 8 lots while kerb volume at 121 lots. Prompt closed slightly higher at USSMM»/«M0 an ounce compered with 443/445 in New York overnight. October at
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      • 30 2 An M New York MB 1MB MM MIS Xmeick MB MB MB MB M «tan «Win™ MB MB MM ICS (Mmriaik(BMn a trojr ana. Source: Credit Suisse, S'pore.
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      • 93 2 THE US dollar in Hongkong yesterday ruled steadier against most major currencies compared with earlier levels with trading fairly quiet ahead of the weekend, dealers said. Technical factors and uncertainty over US Federal Reserve board monetary policy overshadowed the market. The dollar was little changed at *****/90 marks against
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      • 126 2 THE DOLLAR for overnight delivery In Tokyo yesterday closed easier at ***** yen from a 262.70 opening in quiet trading, dealers sakl. This was slightly above the *****/50 close In New York overnight but sharply lower than the 261» close In Tokyo on Thursday. Trading volume was a light
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  • Page 2 Advertisements
    • 190 2 —qjiop—^ Steakery Matsuzaka Wr~ W >A v. j §*A m A SV A V, .*> sC* <*£> Now, at Steakery Matsuzaka... Everything a Deppanyaki Lunch can offer at a price you cant refuse: $1190 Eat all you can weekdays at Steakery Matsuzaka without draining your budget. Enjoy our sumptuous Japanese
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  • TRADE AND INDUSTRY
    • 514 3 NEW ZEALANDERS will see more of Singapore on television over the next few months A series on Singapore foods is being shown on Television New Zealand (TVNZ) and the producers of at least two other programmes are preparing to film here in the
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    • 635 3 SEMINARS AND COURSES Sep 17-18: Seminar on Performance Appraisal, Holiday Inn, NPB Sep 17, 24: Course on Arbitration Law and Practice, RELC, Singapore Institute of Arbitrators Sep 20: Franchising, Holiday Inn, Institute for International Research Sep 20-21: Wage Survey, Cuppage Centre, NPB Sep 20-23: Thyristor Drives, York Hotel,
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    • Article, Illustration
      170 3 AN AUSTRALIAN company set up one year ago to produce solar photovoltaic cells has won contracts in Singapore, Hongkong and the Pacific region. The solar electric systems, used to power a wide range of electrical equipment, are manufactured by Tideland Energy Pty Ltd. The company's factory, which opened
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    • 282 3 SIX National University of Singapore students received a total of $16,000 in scholarship awards from Esso Singapore Pte Ltd yesterday. Of the six awards, two worth 13,000 each were made under Esso's annual scholarships for deserving children of the company's employees and annuitants. The
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    • 456 3  -  By RICHARD SEAH HIGHER salaries for security officers last year substantially reduced the operating surplus of the Commercial and Industrial Security Corporation (Cisco). Cisco's latest annual report shows a steep (all in its operating surplus to $548,250 for the year ended March 31, 1982,
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    • 317 3 MICHAEL A Piufci, vicepresident of Harris Bank, Chicago, has been named general manager of the Singapore branch. Mr Perttno previously served in the bank's trading group in the investment department. He Joined the bank in 1977 as a currency consultant in the International Money Market division of
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    • 286 3 HORIGUCHI Engineering, a machine repair and service company catering to the marine industry, has invested another $2 million in new machinery. This raises its total investment to 16.5 million. The company spent 1500,000 early this year on a building in Jurong to house
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    • 385 3 THE DECISION to go ahead with the construction of Singapore Island Country Club's additional clubhouse at its Bukit location in Sime Road, as well as the refurbishing of the old one was given by members at an ex* tra ordinary general meeting
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    • 220 3 THE HOUSING and Development Board yesterday cancelled the waiting list on its reverted properties, which are let out as temporary accommodation. Any vacant unit would be let by public tender in future, it said. The HDB decided to cancel the waiting list because the
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  • Page 3 Advertisements
    • 159 3 r TO ORCHARD Easily accessible location Parking for 700 cars Located outside CBD fI! I" Hi JSl' v Is® swWlm W4* L ;v^s| M'jP L^a- f V A *33* *-> A' </ Pleasant working environment Free vertical kxivred blinds Free woollen carpeting What more reasons do you need to decide
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  • OVERSEAS
    • 720 4 NYT THE COMMERCE Department, under pressure from business, is seeking to limit the impact of the trade sanctions that President Reagan has imposed on companies involved in building the Siberian natural gas pipeline. "It would not have been appropriate to reach out and
      NYT  -  720 words
    • 215 4 Reuter THE US may still be heavily dependent on foreign oil by the next century, a congressional report said. The congressional Office of Technological Assessment (OTA) said imports by the year 2000 could exceed four million barrels a day, even with
      Reuter  -  215 words
    • 267 4 NYT HOUBE Democrats, Ignoring Republican charges that they were cynically playing eleettoa-year politics, have approved a large-scale pakUc works programme they claimed woald provide at least MMM new Jobs. Their me—re woald allocate more thaa US$l billies to cities with high levels sf anempieymeat.
      NYT  -  267 words
    • 407 4 AP, Reuter THE UNITED States posted a US$2.l billion second-quar-ter surplus in its balance of payments on foreign transactions, the biggest since early last year. Commerce Secretary Malcolm Baldrige has predicted that the country will show its third straight yearly surplus
      AP,; Reuter  -  407 words
    • WORLD IN BRIEF
      • 509 4 Agencies PRESIDENT Marcos, opening a state visit to the United States on Thursday, received a pledge to begin talks next April on US bases in his country. The agreement was announced by a senior US official after talks between Mr Marcos and President Reagan following a
        Agencies  -  509 words
    • 376 4 UPI JOHN Kennedy was a flop as chief executive and Paul Revere was a timid soul who had to walk home from his midnight ride. This is the conclusion of Indiana's Purdue University historians in a compilation of some of history's most overrated
      UPI  -  376 words
    • 269 4 UPI ON PAGE 25 of a comic book published in London, the hero exclaims: "Is this a dagger which I see before me, the handle toward my hand?" Those words belong to William Shakespeare's Macbeth. That's what the comic book is. Publishers Sidgwick
      UPI  -  269 words
    • 307 4 Reuter THE West German economy could improve slightly next year despite rising unemployment, if some positive economic and political trends prevail, the Kiel Institute for World Economy said. Domestic demand, which has been falling in recent months, should stabilise at the beginning of
      Reuter  -  307 words
    • 296 4 Reuter UNION leaders in Britain's state-run health services has rejected a new pay offer from the government, and said they would go ahead with a day of strikes and protests next Wednesday. The employees' day of protest has been promised widespread support from
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    • 409 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bunga Raya 1/2 Leo alongside 18.9.82/0600 Bunga Seta war 45A Leo alongside 18.9.82/0600 Equator IV 22 T Soon alongside 18.9.82/0700 Fortune Victory 33/4 J Manners alongside 18.9.82/0600 Hugheverett 33/4" Everett alongside 18.9.82/1500 Kota Berjaya 10/1 PIL alongside
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    • 452 5 AP INTERNATIONAL Business Machines has filed suit in a US federal court against Hitachi and others for unspecified damages stemming from alleged theft of IBM computer secrets. IBM, the world's largest computer maker, claimed it suffered competitive injury as a result of the
      AP  -  452 words
    • 294 5 Reuter THE INTERNATIONAL system to control the spread of nuclear weapons would not work unless there was more effective international political action to back it up. A top International Atomic Energy Agency (lAEA official said this on Thursday. Dr Hans Gruemm, bead of
      Reuter  -  294 words
    • 751 5 ARRIVALS Service Local Operator Nan be r Time Froa PAA FT CAL SIA MAS MAS RBA MAS SIA CPA SIA MAS GIA THAI PA005 FT71 cm SQ101 MH601 MH682 BI421 MH671 SQ201 CX710 SQ103 MH811 GA960 TG403 0025 0040 0060 0805 0920 0945 1000 1020 1030 1035
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    • 273 5 Reuter LEBANON'S powerful Phalaagtat Party has asmiaated the brother ef aasaaMaatod PrwMwt alert BasMr Gemayel as a esafliste te saeeeed Mm, party spskesmaa said. Amla Gemayel, 11, a member ef the Lebanese partis meat, Is regarded as a ■i wfcriiai #t*yrir vra brether whs was
      Reuter  -  273 words
    • 557 5 AP JAPAN should return to healthy economic growth in 1983 but there are strong indications that weakness in the economy may continue through 1962. The US Department of Commerce said in a report: "The economic malaise that grips most of the world
      AP  -  557 words
    • 621 5 AP THE US Department of Commerce said Taiwan's economic growth rate is high by current world standards. The department forecast an increase in Taiwan's gross national product (GNP) of between 4 and 5 per cent in 1982. But its real GNP growth
      AP  -  621 words
    • 335 5 UPI CLINTON Teubert amassed a US$2.9 million estate through wise investments of his salary as a postal clerk and frugal living and now 43 distant relatives are trying to grab a share of the late bachelor's money. Teubert, who took meals from
      UPI  -  335 words
    • 200 5 Reuter TOYOTA Motor Corp said its exports in August rose 6.2 per cent to 114,500 vehicles from a year ago, but fell 222 per cent from July. Nissan Motor Co Ltd said its August exports were down 7 per cent to 83,600 from a
      Reuter  -  200 words
    • 183 5 UPI LIVING standards in Britain fell by more than 2 per cent last year, the sharpest decline since World War n, according to official figures published on Thursday. However, the figures showed that the nation still managed to spend more. Consumer spending rose by 0.5 per cent,
      UPI  -  183 words
    • 400 5 Reuter THE growth rate of Japanese exports, on a customs cleared yen basis, will slow to 5.4 per cent in fiscal 1982 ending next March from 13.4 per cent in the last flmnwi»! year, the Economic Planning Agency said. It said in a
      Reuter  -  400 words
    • 242 5 JAPAN must move quickly to open its doors to US products to prevent world-wide economic catastrophe, former US trade ambassador Reubin Askew told Japanese business leaders. Mr Askew, speaking in Tennessee at the seventh annual Joint meeting of the Southeast-US Japan Association
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  • Page 4 Advertisements
    • 556 4 unueo mOTOR works [maLaysia] Houras reman (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 Alam,
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    • 0 4 &++)'@!<\.]=:/:_!+`~~}>}@^=>&<]
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  • Page 5 Advertisements
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  • 501 6 HISTORIANS are in the hindsight business, which is a fairly relaxed one unless you happen to be in a communist country, where the future is predictable and only the past is subject to sudden change. Thus the American historians who have come up with the world's
    501 words
  • 1148 6 FT ON NOV 15, Brazilians will have to go to the polling booth under threat of a stiff fine for failure to vote to participate in what President Joao Figueiredo's military-led government has billed as the country's most important democratic exercise in almost two decades. But the
    FT  -  1,148 words
  • Page 6 Advertisements
    • 345 6 From Enchanting Bride to Beautiful Mother... I nly book t romanc cjf twelve fabul iponths that will be remembered as v. 7 0 v e II HP* m M > V '''+<&:■ J ■m i a A y w>. This lavish production, packed from cover to cover with over 165
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  • Page 6 Miscellaneous
    • 914 6 T:VK3RWDIO SINGAPORE 5 12.50 PM Opens* Mowed by Sesame Street 1.50 The Forty Pig Show (Cartoon) 2.15 Saturday Matinee The Boy Friend 4.05 Lion City Cup final: Thailand Vs Saudi Arabia 5.05 Temanka:(Malay/r) 5.50 Fftntstone Frofics (Cartoon) 6.15 News (English) 6 *5 Coronet Fftn Learnng With Your Senses 6.35 The
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  • 566 7 AP THIRTEEN thousand trees a year are chopped down to make all the paper EEC institutions use for printed matter. Budget-cutters at the 10-nation European Common Market are trying to curb a mania for publishing, printing and copying that costs about
    AP  -  566 words
  • 721 7 FT ON THE night of March 22, 1944, the medieval city of Frankfurt died. Nearly four decades later, new life is being injected into the old city centre ruins. Last month saw the staging of a town fair to raise part of the 4
    FT  -  721 words
  • 612 7 Reuter WHEN part of the Soviet Union's overseas telephone links collapsed a week ago, silver prices rose in New York and prompted (ears of a change of government in the Kremlin. By contrast in Moscow, where communications problems are a way of life, the breakdown passed
    Reuter  -  612 words
  • Page 7 Advertisements
    • 293 7 Worldwide management experience at your fingertips. Woi Id Executives Digest O cV What do you owe your company Loyalty or Commitment? I. The Loss of Corporate Loyalty Fortune I. Organizational Commitment Organizational Dynamics m. How Organizations Seduce Employees "Organizational Shock" Sherlock Holmes on Accounting Inc. What We Can't Learn from
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  • Page 7 Miscellaneous
    • 575 7 I 11-OMB CROSSWORD CRYPTIC PUZZLE ACBOBB 1 Box a bit (5) S A spread la the gardea (5) 9 Supervisory golfer? (7) 10 Divided the nuober remaining (5) 11 Quick to bite? (5) 12 He's do beauty (5) 13 Worker seeking favour? (7) 15 Mistress to many a man* (3)
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  • Page 8 Advertisements
    • 310 8 Where to wine, dine and entertain AMERICAN ESS with the American Express* Card "if you dont already have the Card, call *****33 for an application form" ml nTuToji The true Singapore flavour popular Nonya Buffet j J 3 Luncheon at a special price. With tongue just to name a few.
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    • 146 8 d Ukidin JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. )/VI lUl.\ IJm M >N h S'f )J i Ml I I i'i IJ' rr; or rcscrratK >ns call 737')67/ J C cnliirx I'nrk SlicriiloiMSiii^iiiMM'r NUTMEGS offers JAZZ BRUNCH on Sundays 10.30 am.-3 p.m. $21 per person
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    • 101 8 An offering of the finest in Chinese and Seafood cuisine amid a setting of sheer splendour QPM 9 jA :^r >* 1 Try out f res Seafood buffet !uncr sorved daih Reservations Tel: *****83 Sen < J~ood~3'(mtrc Midnight Buffet ■J W mr+ Si tes Feeiumg ft* ms at me >«gnr
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    • 155 8 ivX a t i' This la Thai Seafood at ita authentic beat So trash, it could have been alive 15 minutes before coming to your table It waa An enormoua variety of auccuient seafoods expertly prepared by Thai chela in our kitchen Siamese Seafood Restaurant Penang Road. Singapore 0923 Tel:
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  • RAW MATERIALS
    • 446 9 jjEtpYKE: Robusta futures gained steadily to end the morning session £11 to £35 '-per tonne above Thursday Jiight's close on a turnover 2,461 lots including 290 tself trades. SUGAR: Futures ended the -morning with pared losses £2.25 a tonne in «traded positions, with turnlover of 1,141 lots including
      446 words
    • 137 9 T The Malaysian crude palm oil market yesterday closed higher on pre-weekend covering support in moderate trading. In the Sep position,central and south rose MHO and MJ2.50 respectively to Ms73o per tonne while in Oct south t aid central gained M 52.50 to MJ732.50 and MJ73O res pec-
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    • 228 9 RUBBER PRICES in Singapore yesterday closed slightly lower with October One RSS buyers quoted at 181.50 cents per kilo, down one cent from Thursday's close. Morning prices were marked down slightly on long selling and reserve of buyers after an unchanged opening. In KaaU Lam par, the market closed
      228 words
    • 316 9 RAS prices In cents per kilo yesterday: Mnna moon (per kilo) Buyers Sellers lot. 1 R.S.S prompt f.o.b. 1I0J0 181.50N Int. 1 R.S.S. October 111.30 132 00 Int. 1 R.S.S. November 183 00 183.30 Int. 2 R.S.S. 171.00 173.00N UK/Coat 170.00 172.00N Int. 3 R.S.S. 1<7.00 188.00N UK/Coot
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    • 101 9 NOON 881 It and SMR prion ymi teniay 1AI Oetai (Caral ■■yan I 157.00 164J0 Mr IMA) novaaMr (Forward Mtk) SSR 30 SSR SO (1-too pdM) (1-ton pallat) 166.00N 16A.60N 150.00 155.50 158.00N 167 SON LSMRCV SMRL SMRS SMRGP SMR 10 SMR» SMR 10 (1 ton pallat)
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    • 67 9 THE STRAITS TIN price la Pmu| yesterday Wtt UChAMMI it M 521.21 a Idle, within the ITA lewer Meter price raage of M 529.15 and MSS2.M. The market received strong rapport (rem the batter stock nmger, dealers said, adding light Interest from ether sectors was alse evident. Tnrnever
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    • 32 9 Rubber Sep 17 Singapore: Oct: 181.50 cents (down 1.00 cent) Malaysia: Oct: 201.00 cents (down 1.00 cent) Tin: M 529.20 per kilo (unchanged) Official offering: 96 tonnes (down 10 tonnes)
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    • 76 9 THE Malaysian Minister of Finance has fixed these rates for the period from Sep 16 until further notice: Batter: 200H cents a kilo for RSS One; Cspra: MJ407.50 a tonne; Falsi kernel: *955.75 a tonne; White pepper: unavailable. Black pepper: unavailable. The rates of duty payable are:
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    • ASIAN STOCKS
      • 373 9 THE INDUSTRIAL sector In Sydney yesterday led a mar- ket upturn as investors took positions in anticipation of more falls in official domestic interest rates, brokers said. At yesterday's bond tender, rates eased more than one per cent, fuelling demand for stocks. The All Ordinaries index closed
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      • 243 9 HONGKONG PRICES IN Hongkong yesterday closed slightly lower on pared losses in fairly quiet trading, brokers said. Prices eased on sporadic selling after a steady opening but recovered on late book-squaring ahead of the weekend. The Hang Seng index closed 1.82 points lower at 1,088.28. Investors were
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      • 502 9 SHARE PRICES in Tokyo yesterday fell slightly in thin pre-weekend trading with sentiment dimmed by news of a civil suit by IBM against Hitachi in connection with the computer spy scandal case, dealers said. The market average shed 25.38 to close at 7,062.51 on a volume
        502 words
      • 92 9 8EPT17 AcoM Mining Angto Ptill Ami Mining B moo 0.004 0.0106 -0.0003 Orientml B Phil Overwu PhUe* B R 0.041 IL0M 0 1«0 unch unch unch -&0015 Pioneer Atlas Con B 30 JO m rvr 32-50 -0J5 Bt|\ik> QoM 0-0015 Rodeo B 0 0033 -oooas BabIc Petroleum Benfuet Con
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      • 133 9 MPT 17 Aokham Thai Asia Fibre AniUujn In*. And Trust Bangkok Bank Bank Of Ayudhaya Ltd Barll Jucker Bants I 113 I se 4 unch Slam Cement Slam City Cement Stan Credit South Asia Fibre Thai Commercial Bank SI m ss s SOB -4 -X unch -a 1M I
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    • 319 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second clan 0.78, 100 per cent third class 0.73, 25 per cent new crop no stock, B-10 per cent 0.72. THAI BROKEN: A-super 0.58. Special 0.55.
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    • 86 9 SOYBEAN futures in Chicago on Thursday closed on a strong note, up 10 to 6 cents per bushel with November posting s BV4 cent range. Persistent rumours of forecasts for freezing temperatures this weekend and next week in Western soy- bean producing states where crops were still vulnerable to
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    • 214 9 WHEAT futures in Chicago on Thursday recovered after setting new contract lows in old crop to close off 2V« to 3 Vt cents per bushel, with December posting a l 4 cent range. Large terminal stocks, slack domestic cash demand and heavy redeliveries.kept futures on the defensive all day,
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    • 172 9 CHIN Big Pn4m *-—r. per 100 kg yatteriaj*"' prln Cm—l Bulk fob 185.00 sellers, old dram (in second hand dram) fob $97.00 sellers, new drum fob $101.00 sellers. Copra: Mixed (loose) $«.00 buyers. Pepper: Muntok white pepper fob AsU NLW $307.50 sellers, Sarawak white pepper (aq (ob NLW
      172 words
    • 187 9 TARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsn yam: China Blue Phoenix 30s 2,370, 32s 3,030, 40s 3,100 (per bale of 400 lbs). Plsea a»**: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      187 words
  • INTERNATIONAL STOCKS
    • 107 9 «FT M m GROUP B CORBEILLE SUSdSeli *ir-l IfUl «I I LTIntaa U. M +1 INdarftto LataCM tU *11 Hinai 14« H Mnrt Wnimi m >11 Car (Tlaann- OpT-P«ntai 1TIJ* «U OA UW +14 Fwiflf M 42 CtoPr&ncalm WntlnMrlmlMi SM «U «M PMroiM MEW +17 CrrtJt raocMr GROUP C
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    • 101 9 BKPTU 1 •raSo'Stowf'ar Ctla(M(yBr. CltaO«toPC Clb« Ot*j MacOadttiStanlr "nun rtniMi n»i IMtrantt Br Omrv* Placbar Br niflton.Vr Haro Br tmaa Ml m 91 m IB> -M m UM +m nm mm S£S[wF-Zizz' IB *i mm MM +M «M SSSSL— i Ovtikan* fcuhrtl Br 1 mm u DM M MB
      101 words
    • 62 9 Hirtiift FORWARD MARKET MM Mi Inc 1 Aftwd 1 Ailor Mi IMi +M M until SUro ftoc Oac Bale MN|i Mi IMI UM use I» M Mi 1 l 1 1 1 < Ira-Lamb 1 as- 1 0** am 123 uncli m MM mm *m mm IMO CASH MAI
      62 words
    • 117 9 In'AhoM Pk 25? tu 1UTV mm *u Amtmt nm -i MM unch mm -mm Cktend C*tt MM 7l mm +«j mm mm -«i xhm +i Ml Ml] MM ♦«L§ tmm *ti iixm +l» mm nm *«j ran U unch KIM aa >L4 nm *j MM HI 552ST" UM iU
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    • 41 9 8BPTM Un Set r rum ♦ISO Good Acqu* Roa Etta: FW Ort i m m I, in pm lOIMt a»" -m —ss. IS -so mi«n m -ft Lafwttl QM kUttaoJUi Orjl 5 -mm a u 1 ♦4 •4 Source: BCI
      41 words
    • 77 9 BKPT M Dai Hoirlut HI Ji «u Aag-Taiafunkan MM BABT IUM Bayar IUM BMW IMM Ooaantul 117 JO CooU Oumml H T9 PSST IUM DMtacba Bank Ml M Draadnar Bank IMM OHH IMM 41 •U +0J «U M LI ■U -1.1 L« Harm Kantadl KHD LMi BwaST A Tlui—an
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    • 154 9 SEPTM C» J*pOB AttUM It* {""p "J*{| iimi. ml k ini riwf rip* i if* unrn 5S IntUta SSiLsrZZZII n* J inumekai 11% uneh B*_nfe Mun mw u Kwt Add 15 H 1 |R H B 1% unch M m Sool?cp A impB> m unch I,» nlSK OHmti |d
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    • 1039 9 NEW YORK STOCK PRICES in New York on Thursday closed mixed with selling heavier in the blue chip issues than the rest of the market. The Dow Jones industrial average bounced back and forth all day and finished on the downside, off about 2Vi. Advances led declines
      1,039 words
    • 119 9 INDUSTRIALS A AJph* OBB AK And CI mm Aaunf g» AMI? MM Bartowi WO JO unch unch CM A no Cufrto rinanc* M Dt Botti Ind 10 Idon MM rsdvou OS -M OrmlMUi MO KM tit Lib Hotoa Mt Lonrtoo 1(0 LTA USB B a M And II (1SB
      119 words
  • Page 9 Advertisements
    • 35 9 APOLLO Theatre Restaurant f TEL *****66 V HC re KesTauruni a Nite Club —k i CL *****66 TiK »A\N s a«l son9S 1 f,o< St-P q-22 V <§fc. > |>AC£. AR2 S3 Hw«tack Road'Outum Ro«J Singaporeo3l«
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  • 1744 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 ft COMMERCIAL Aama (2568
    1,744 words
  • 84 10 DIAMOND IHTmtB ,w Diamond Spore Fd(USI) 3.51 057 SI LM 124 INOOBE MND UNIT (CMl—1 prtaaa) Income Boad LB 1JZ H.UU IIHD»TT*A FIt»TB>SM' (<T IS Second B putra 4.11 4.U Third B'putra J O 1.C7 Fourth B'putra LM LB Fifth B'putra IS J O Strth B putra LB
    84 words
  • 2902 10 fir's Gr*s Net IMS Last Div Div YTd P/E Vol Day High Low Con pany Sale +or- Cw COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 390 247 Ac ma 264 +2 21.7 04 12 254 8 264 280 Alcorn 115 17 04 12 954 233 132 Allied
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  • 1625 10 BID and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots at 1,000 units, unless other1 I lift 1 wise specined mXBIBIAIJB Aas» (1MB) AIM (1JB) (t) LM (14)
    1,625 words
  • 169 10 ALEXANDRA l«Mla|i Limited: Annual General Meeting to be held at 255 Alexandra Road, Singapore 0315 on Sep 18 at noon. SUPREME Cwparattaa Beehad: EGM to be held at 20th Floor, Wlsma Supreme, Jalan Punhak, Kuala Lumpur on Sep 22 at 11 am. MALAYAN Credit Limited: Twentieth AGM to
    169 words
  • 742 10 SOME late tapk fcaattag la ilMttM stacks aack as Gaada HaMMgs, Lsytape aad Tatplag Textiles, were akeat Ike aaly leatares la Ike extremely Mkargle sail srtiiirsr £sz£ ky mere Maa tkree to aae. Mai latex Oatoked wtlk a IM !>>■ I* Mt.ll, tkaaks partly Is aa
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  • 534 10 BETTER trading conditions in the afternoon session helped to take share prices generally higher on the Kuala Lumpur stock market yesterday in more active trading. The steadier conditions in the afternoon followed a slightly lower opening after the previous day's mixed clow. Total turnover yesterday
    534 words

  • COMPANY NEWS
    • 186 11 CONTROVERSIAL tycoon Roland "Tiny" Rowland has announced that he do longer wants to take over House of Fraser, the group that owns the lenowued Hatreds Department Store. But, in a surprise new twist to a two-year battle for control of Britain's biggest store chain,
      186 words
    • 1852 11  -  Market Talk... By NAJEEB JARHOM AS THE stock market prospects on a medium-term are better than they have been for some time, investors should begin to increase their exposure to Malaysian stocks, although some Singapore counters are still attractive. London stockbroker Shnoß Mad Coates
      1,852 words
    • 367 11 SUBJECT to approval of the CooncO of the Stock Exchange, London stockbroking firms of Laing and Cruickshank and Mcanally, Montgomery and Company have sgresd to merge on Nov 29,1982. The enlarged company will have private client portfolios under valuation of over £1 bflMou and will employ
      367 words
    • 687 11 Curat Bfe Beefce Me IMkr laaaisvj Mi Oeee PapaMo Ike yaw Paerteaayaar 10*1 Sep 17 Sep 38 Oct IX 18* XX* Akmm 3V4*I Sep XI Oct 3 Oct 15 XVfc* 17*<a) 58" nv4*o>) Sep 18 Sap 18 Sap 81 Sep 17 Sep 38 Oct 4 Sep 37 Oct
      687 words
    • 190 11 ■RMIBatfJ Bo— issue of 1 tor I Proposed honiis tame Kx Date Sep 15 Bests CI Sep 27 of 2 fori NYA NYA M CMm Proposed rights issue of 1 tar 1 q 11.15 per share Proposed rights issue NY A NYA off far 10 a H.00 psr
      190 words
    • 332 11 JAPAN'S market-regulating authorities are constdertag relaxing rule* governing over-the-counter stock tradtag Is increase such activity, Finance Ministry officials aid. The current daily turnover of unlisted, mediumsized cotnpsnkn over the counters of securities companies by individuals or by securities companies themselves is eettmated at »,000 shares
      332 words
  • Page 11 Advertisements
    • 462 11 r. B6 U. H Z og -a! r <; 2 J ZL 7 H H 05 05 fc Zi 21 H H z z z M TIIK SFMINAR You don't have t<» be a financial wizard to be a great manager. Many outstanding businessmen and managers leave their figure-work to
      462 words

  • Chief Price Changes
    • 133 12 Rises UjrtaH 318 56 Dvlek Baky MO +2S M Cinrt 404 18 ftwy lad 835 430 1S 14 400 306 14 11 Taipiaa TaxtiW teteadftPwi 118 530 11 10 KLUmMM 310 10 ParuMul SO 10 Gudi Hld«a 184 10 Jaekalat MS +8 JC-MPH ISO +8 Falls MBS 232 -47
      133 words
    • Article, Illustration
      162 12 SHARK PRICES an the Stack Exchange sf Hlagaperr yesterday, after a Metises nisndag ■fMin, lmpreved eoghtty k$ the afteroeea with ywjihn shinlnft tmrmti Interest hi epeetal The Strntta Tbnee htatihl him, after a ■ere full petal flee at mtiiaj. flhriehei Mi aetata higher at C4e.1l while the Barißeae
      162 words
    • 49 12 FINANCIAL TIM*8 INDUSTRIALS Friday.- 10MJB Thursday 1080.10 Week Ago 1080J8 AUSTRALIAN INDUSTRIALS Thursday- 870.1 Wednesday- S78J Week Ago- M(L5 DOW JONS8 AVKRAGK INDUSTRIALS Thursday «JJ0 Wednesday... ...WUe Week A|0 *1X83 Friday 6M.4 Thursday— BM Week Ago 61*7.2 ALL ORDINARIB8 Friday SOU HJLHANG 8KNG Thursday-- 496.7 Week Ago
      49 words
  • 749 12 LEADING Sans «ere lower Is quiet —d-amwmt trading yesterday, with sews of the prictTtedn Mtt*prices only marginally above the day's lows. At apm, the naaadal Times isda was down 7.7 points at 98.4. GXN lost a further 4p to 177 altar Thursday's bearish statement and Lucas Ml Sp
    749 words
  • 86 12 Reuter NEW YORK stock prices pointed lower early yesterday ahead of the US weekly money supply figures, which are to be released after the close of trading. New York Stock Exchange declines topped advances by a two-Unme margin, while the Dow Jooes industrial average was of 2Vt
    Reuter  -  86 words
  • 221 12 UNITED Ovsneas Lead's Meat Betas Park prejset, after several veals' May, Is flaally getting eft the (Tltßl* Ike tnapesy said ta a late aaaoaaeeaeeat yesterday that Ms wholly «mi eabJtfary, Meant Behe Park (Pte) LM, bss keea granted ■slheilli far the develop■eat ef
    221 words
  • LATEST
  • 422 12  -  HI Companies Editor: Mano Sabnani By SIOW LI SEN HONG Fok Corporation, along with other property companies which rely mainly on development profits, continues to suffer from the depressed property market. Its latest results, however, indicate that the worst may be over. Sluggish sales
    422 words
  • 399 12  -  CHEE LIM OLYMPIA Plywood A Timber Products looks act to move even more aggressively into property development. In a circular to shareholders yesterday, the company said it is proposing to inject Ms 3 million into Its wholly owned subsidiary, Olympia Development Sdn Bhd, "which
    399 words
  • 196 12 HONG LEONG Finance intends to finance the construction of its head office building in Robinson Road out of the profit to be made from a proposed sale of an office complex In Beach Road. In reply to a query from the Stock
    196 words
  • 220 12 HARRISONS Malaysian Estates PLC, control of which will pass to Permodalan Naskmal Bhd (PNB) soon, has reported better-than-expected results for the first quarter to June 30,1982. Group profit before tax rose 20.9 per cent to £5.6« million compared with the first quarter of -1981,
    220 words
  • 117 12 THE Stock Exchange of Singapore has queried Hytex IM on the article entitled "New team may take over Hytex operations" in yesterday's Business Times. Hytex is to furnish an announcement for public release. NANYANG flbng Pan and fla Chew JH Pah, in a Joint announcement to the SES,
    117 words
  • 544 12 Taking Stock... ONE OFTEN been sob stories in the stock market of "little men" who can't bear to cut their losses every time prices turn for the worse. The "big boys" are not Immune to this either. Occasionally, when filings go awry, these share purchases are referred to
    544 words
  • Page 12 Advertisements
    • 103 12 TTTpTiq T A TRYST with DESTINY by J. Victor Morais Published by Times Books International Distributed by Federal Publications W* 5 nihaon*? Learn to Speak Mandari* Quickly with this easy-to-follow learning package SBC's "Mandarin by Radio" lessons recorded on cassette tapes together with companion text\ provide simple lessons for all
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  • Page 12 Miscellaneous
    • 52 12 OUTLOOK tor today: Scattered showers. Beyert tar M bum frier ft* 7M fm sa 809 H at Am alrpsrt: Marhnum temperature 32.0 Associated humidity 65 Miriwwnn temperature 26.4 Associated humidity 84 Hours of sunshine 9-25 Rainfall in millimetres Nil Total rainfall tor the month 53.0 Total rainy days for the
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