The Business Times, 9 October 1982

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, OCTOBER 1,1182 60 CENTS
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  • 442 1  -  By WANG LOOK KEAH A DELEGATION from the China Nanhai Oil Joint Service Corporation is in Singapore to explore and study the offshore oil supply industry here. The corporation yesterday initialled a draft joint venture agreement with Wah Chang International to provide
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  • 82 1 AP THE Japanese Government has adopted a two-trillion yen (US$7.4 billion) spending package to rescue the nation's sputtering economy from a prolonged period of low domestic demand, falling exports and growing employment pressures. The six-point package approved by the Cabinet is designed to boost economic growth for
    AP  -  82 words
  • 630 1  -  By CHOO AI LENG FLOUR-MILLING group Prima Ltd has been chosen as the Sri Lankan Government's partner in a multi-million dollar company that will set up granary, feedmilling, trading and animal husbandry operations in the country. In what is one of the
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  • 395 1  -  By RICHARD SEAH IT IS not enough that Singapore fight music piracy here. The Republic should also join hands with other countries to help stamp out the problem worldwide. Otherwise, local artistes who attain international standards will find their recordings not protected by
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  • 264 1 THE International Cooperative Insurance Federation (ICIF) will hold its biennial conference in Asia again after a lapse of eight years this time in Singapore. The last time the ICIF held its full conference in this part of the world was in Japan. NTUC Income,
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  • BRIEFLY...
    • 64 1 Reuter THE number of Americans without jobs rose to almost 11.3 million last month, the highest level in over 40 years, the government said yesterday. The number of jobless 10.1 per cent of the workforce is 3 million more than a year ago and almost 3.5
      Reuter  -  64 words
    • 56 1 Reuter THE Thai government plans to cut tin production royalties across-the-board to aid the industry, which is facing high costs of output and weak prices. Industry Minister Chatichai Choonhavan said the Department of Mineral Resources is looking into at extent of such cuts and these will soon
      Reuter  -  56 words
    • 76 1 Reuter SWEDISH helicopters dropped more depth charges on a suspected spy submarine during the night amid speculation that there may now be two foreign submarines in the area. Unconfirmed reports circulating at Berga Naval School on the Haarsfjaerd, where Swedish ships and planes have hunted an intruder since
      Reuter  -  76 words
    • 67 1 NEW Prime Minister Olof Palme surprised Swedes yesterday by announcing a 16 per cent-devaluation of the crown and an indefinite price freeze as part of a broad programme to haul Sweden out of its economic crisis. The Social Democratic prime minister, who returned to power on Thursday after
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    • 76 1 THE drought which is withering Australian crops and forcing the slaughter of thousands of sheep is proving to be one of the worst on record, the Bureau of Meteorology said. Although recent light rains have improved conditions along the east coast strip between Brisbane in Queensland and Melbourne
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    • 55 1 UPI THE manufacturers of tylenol received a letter apparently threatening to circulate cyanide-laced capsules unless US$l million was sent to a bank postal box. The Chicago Sun-times reported yesterday the Federal Bureau of Investigation is investigating as the possible extortionist a former successful stockbroker who suffered financial
      UPI  -  55 words
    • 68 1 UPI A FIRE believed to have been set by Jewish extremists raced through Jerusalem's landmark baptist church in the heart of the holy city yesterday, burning the church to the ground in 15 minutes, Prime Minister Menachem Begin condemned the act of arson and called it
      UPI  -  68 words
    • 36 1 Reuter ASEAN agriculture ministers meeting in Kuala Lumpur will not formally discuss a Philippine move to set up a common market within the grouping, Malaysian Agriculture Minister Datuk Abdul Manan Othman said yesterday. Reuter
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  • 245 1 ACTIVE baying sf Maechip stocks yesterday pushed the Singapore share market to its highest level la 11 weeks. The 3> esaater Straits Times ladastrlal Index rase IM psiato to «72.97, slightly hetow the C7SJB level It reached sa Jsly a. Aecempaaylag the rally la
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  • 493 1  -  By ANGELINE TAN SMALLER banks can compete with the larger wellestablished h*nlr« in the race to offer automated teller machines by sharing an ATM network. With a shared network, investment per bank will be lower. At the same time, a large number of
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  • Page 1 Advertisements
    • 239 1 I oqbqqb MAJOR US banks have dropped the prime lending rate to 13 per cent from 13 Vi per cent Page 2 WILLIAM Niskanen, a member of President Reagan's Council of Economic Advisers, forecast a strong surge in US leading economic indicators for the month of September or for October
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    • 88 1 Where others are left far behind. Titleist can justly lay claim to be the No 1 golf ball on professional circuits Look at these statistics 1981 NCAA Golf Championship Official Ball Count Titleist (164) Nearest rival (12) 1981 Men s Tour Official Ball Count Titleist (4107) Nearest rival (905) Ahead
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    • 3 1 See page 5
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    • 35 1 The Straits n Si!l' es Times KeyfSS DIRECTORY Agencies Singapore (Buku Merah) friendship Cutty Saik ScofcdiWhislar Distilled, blended and bottled in Scotland. c Sole Agent: Hock Tong Bee Pte Ltd 347, Bukit Timah Road,S'pore 1025
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  • BANKING AND FINANCE
    • 771 2 NYT, Reuter MAJOR US banks have dropped the prime lending rate to 13 per cent from 13 Vi per cent, a reaction to the continuing decline in the cost of money to the banks. The move was hailed as overdue by economists, some
      NYT,; Reuter  -  771 words
    • 167 2 Reuter THE Swiss Federal Banking Cemmlsslea has asked Swiss hanks to farnfch dato m their hwip lending to a ■amber rf heavily indebted e—tries, remmlsslss chief •ffieer Bernhard Maeller said. The refaest is Intended aa a M eaee •niy" meve and hanks
      Reuter  -  167 words
    • 651 2 Reuter, UPI THE massive debt problems of Latin American and Eastern European countries are causing ripples in Asia, where developing nations need commercial loans to back booming economic growth. Bankers in Hongkong said caution was now the watchword in the loan market in
      Reuter,; UPI  -  651 words
    • 249 2 Reuter AMERICAN Treasury Uader-Secretary Beryl Sprinkel said 11 wonM be acceptable If the Federal Reserve temporarily exceeded Its monetary growth targets. However, be emphasised the administration dses set wait a lasg term easing la Fed pstiey. Asked abeat repsrts that the Federal Opea Market
      Reuter  -  249 words
    • 572 2 Reuter THE Bundesbank may have held back from a cut in its key interest rates on Thursday in the knowledge that the US Federal Reserve Board is modifying its monetary stance, German commercial bank economists said. If the Fed changes its policy
      Reuter  -  572 words
    • 206 2 CERTAIN countries may increasingly resort to currency devaluation in order to stimulate their economies by boosting exports, economists from US Bankers Trust Co's currency management service said. There may also be an increasing trend in coming years for countries to impose foreign exchange controls as governments
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    • 438 2 Reuter, AP MEXICO has told foreign bank creditors it expects to sign a letter of intent for a crucial credit agreement with the International Monetary Fund within the next few days. The government of outgoing President Jose Lopez Portillo is negotiating
      Reuter,; AP  -  438 words
    • 359 2 Reuter BRAZIL is having to work hard this year to borrow the foreign loans it needs to finance its balance of payments in the wake of uncertainty created by the Mexican and Argentine debt crises, private economists said. The government estimates the country
      Reuter  -  359 words
    • 561 2 Reuter BRITAIN'S interest rates are expected to fall further before the end of the year, economists at three of the four major UK clearing banks said, although they differed on the timing and the size of the drop. Economists at Barclays Bank
      Reuter  -  561 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banka ara currently prepared to lend to their beat customers is 9.92 per cent.
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      • 179 2 ASIAN ASIAN currency deposit Interbank rates as at close on Oct 7: U8 D*Ua»(8pot) Offer H.<3 7 days 10 11/*****/16 1 month 11 10% 2 months US/16 113/16 3 months 117/16 113/16 6 months 11% 11H 9 months 123/16 121/16 12 months 12* 12* Dm. Sw.Fi*. 1 month 3 months
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      • 49 2 RANGE of prices often «d by discount houan > on Oct I: Overnight 3* Call depot its: 3W CtMtaf 3-month B.TIM SclliM 2 13/16 Treasury bills 2 15/18 3- month 7H Bank bills 7* 3 months CD 7 3/16 71/16 6 months CO 7* 7* Source: National Discount Co
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      • 49 2 RESULTS of tender held yesterday for 91-day Treasury kills to be issued from Oct 11 to Oct 15: Offered: $120,000,000 Applied for: <247,250.000. Allotted: $120,000,000. Accepted Mda: $99.28 approximately 76 per cent; higher bids in full. Average rate «f dbetut m allotment: 2.865 per cent per annum.
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      • 51 2 Opening quotes yesterday were: US —1.7125/35 Can 2.1112/39 Crow -1.2331/34 DMk- 4.3051/97 D F1 4.7037/98 S FY 3 6735 6804 B Fr Con 83.62 76 F FT 12.1766 2006 Lit 2445.88 2451.30 Yen 459.88/460.66 Aus Sch 30.24 27 Port 151.57/152.51 Spain -194.40/84 D Kr 15.1134/1291 NKr- 12.2037/2265 S Kr
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      • 487 2 THE US dollar continued to lose strength against all major currencies yesterday. Against the Singapore unit, the US dollar opened at $2.1810/40, markedly lower than overnight closing rate of $2.2000/10. Trading was basically erratic and the US dollar went up to $2.1900/10 at one stage. The Monetary Authority
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      • 208 2 THE DOLLAR for overnight delivery in Tokyo yesterday closed firmer at 269.10 yen after opening at 267.50 and fluctuating widely in nervous trading, dealers said. The closing rate was well above the 267.10/30 overnight close in New York, but below the 273.60 close in Tokyo on Thursday. Trading volume
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      • 272 2 GOLD FUTURES in Singapore yesterday closed generally firmer in line with the metal's firmness in overseas markets, but was below the day's high on some profittaking, dealers said. Trading was moderate with total sales (or the day recorded at 143 lots while kerb volume at 204 lots. December closed
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      • 35 2 New York 9 10B 8.17B Zurich 9.17S 8.24S 8MB 8 238 874S 8.33S m IWn Singapore Oaring prk 9.10B 8.35B 9.25S UK <e* in US dollars a troy ounce. Source: Credit Suisse, S'pore.
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      • 66 2 THE US dollar yesterday eased against other ma)or currencies except sterling and traded thinly ahead of the long weekend in the US. Banknote rates yesterday were: US 6.31/6.33 UK -10.77/10.97 Brunei 2 85 2 87 W Germany 2.515 2.535 Malaysia 2.67 2 69 Philippines 0.680/0.710 Singapore 2.88/2.90 Burma 1.50
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  • Page 2 Advertisements

  • TRADE AND INDUSTRY
    • 411 3 THE local retail industry should make a more concerted effort to upgrade and meet the challenges ahead. Professor S Jayakumar, Minister of State for Law and Home Affairs, made this call at the seminar on productivity in the retail industry yesterday. "Rapid
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    • 109 3 THE Travel Agents Association of New Zealand (TAANZ) will hold the 1982 TAANZ Convention, the 17th annual meeting of TAANZ Inc, here from Oct 16 to 20. Some 500 delegates from the Asia Pacific Region are expected to attend the meeting to promote New Zealand as a
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    • 757 3 SEMINARS AND COURSES Oct 9: Important Tax Cases Affecting Singapore Taxation, Hotel Merlin, Special Ad Hoc Committee, Singapore Society of Accountants Oct 11-12: EDP for Executives, Hyatt Hotel, Institute of Advanced Computer Technology Oct 13-14: Advanced EDP Concepts for Executives, Hyatt Hotel, Institute of Advanced Computer Technology Oct
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    • 335 3 THE National Productivity Board will promote its productivity drive at the Singapore International Fair '82 to be held at the World Trade Centre from Oct 18 to 24. Its stand will feature two separate computerised quizzes related to productivity. Visitors will have an
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    • 162 3 YORK Hotel has promoted Jerry Oak from marketing manager to executive assistant manager. In his new po6t, Mr Goh will assist manager Ricky Goh in the day-to-day administration and operations of the hotel. Gaieties Lafayette, the French department store that will be opening soon at Goldhill Square,
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    • 350 3 BERGER Singapore has signed a three-year licensing agreement with Napko Corporation of Houston, Texas. Under the agreement, Berger has access to the technology associated with the manufacture and application of specialised costings for the offshore and petrochemical market. Napko coatings, specifically developed for application in tropical and subtropical
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    • 394 3 BROADCASTING stations in the Asia-Pacific region should exchange more often the programmes they produce so that people can better understand the culture and policies of their neighbouring countries. Although such exchanges are possible through the Asia Pacific Broadcasting Union (ABU), not enough efforts
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    • 232 3 A PAINT that kills cockroaches, spiders and other crawling insects and keeps killing them for five years. This may sound like the frightened housewives' dream except that some housewives are afraid of lizards instead. But the paint exists and is now available in Singapore.
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    • 536 3  -  By ANGELINE TAN BANKS must plan for an integrated computer system on a group basis in order to obtain the full benefits of the advancements and progress made in computer technology. It is believed that by the end of this decade, more than
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    • 457 3 THE FIRST Australian software trade mission to Singapore is likely to result in a number of joint ventures both here and in Australia. "This trip has been extremely successfully," said Mr Karl Reed, the team leader and the National Chairman of the
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  • Page 3 Advertisements
    • 341 3 Fran Enchanting Bride to Beautiful Mother... v* '•> The only book to tell -y f tWTull romantic story m. of twelve fabulous ijL months that will always be remembered as This lavish production, packed from cover to cover with over 165 colour illustrations, will be a unique and enduring record
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  • OVERSEAS
    • 340 4 AP PRESIDENT Reagan's special Middle East envoy, Philip Habib, held meetings throughout the administration on Thursday on a plan for the phased withdrawal of Israeli, Palestinian and Syrian forces from Lebanon. A senior US official said Ha bib's goal is to secure the troop
      AP  -  340 words
    • 368 4 Reuter, UPI WEST Germany's new Chancellor Helmut Kohl, in his first meeting with a senior Soviet official, said that under a conservative-led government, Bonn would remain "a solid, honest and reliable partner" in EastWest relations. A West German government statement said Mr Kohl
      Reuter,; UPI  -  368 words
    • 542 4 Reuter NYT WILLIAM Niskanen, a member of President Reagan's Council of Economic Advisers, forecast a strong surge in US leading economic indicators for the month of September or for October. Mr Niskanen said in an address to businessmen in Washington that such a
      Reuter; NYT  -  542 words
    • 149 4 AP A NEW super-tram system is planned for London to revitalise derelict areas of closed dockland along the Thames River in the east end, the government and the Greater London Council announced. A 6.4 km light railway, cheaper and quicker to build than a
      AP  -  149 words
    • 423 4 UPI ROBERTO Calvi, president of the scandal-ridden Ambrosiano Bank of Italy, was killed because of a deal he was trying to work out with the Vatican Bank and the powerful Catholic organisation Opus Dei, his widow suggested in an interview. "My husband did not
      UPI  -  423 words
    • 256 4 Reuter THE European Economic Community (EEC) governments have been asked to approve the raising of US$3 billion on international money markets for a new loan fund to boost flagging investment in the community. The fund will be used at subsidised interest rates for
      Reuter  -  256 words
    • 175 4 Reuter THE US will press for a review of international investment problems at the ministerial meeting of the General Agreement on Tariffs and Trade, deputy Treasury Secretary R T McNamar said. (Gatt meets next month in Geneva.) "Our goal is to establish a framework
      Reuter  -  175 words
    • 196 4 AP EXPECTING trouble as they prepared to outlaw Solidarity, Polish authorities on Thursday rounded up more underground unionists and sought to Justify their action against the independent labour union. Solidarity's remaining three underground leaders, meanwhile, appeared undecided on what steps to take next
      AP  -  196 words
    • 291 4 Reuter FRENCH Farm Minister Edith Cresson will open a major (air in Moscow next week to promote French agriculture and (arm technology aimed at boosting French food exports to the Soviet Union. He is also due to discuss the possibility of France and the Soviet Union signing
      Reuter  -  291 words
    • 564 4 NYT THE US and Western Europe are close to settling their 10-month trade dispute over steel, American industry and government sources said. Under the arrangement, which still is subject to final approval by European and American producers, European governments would establish
      NYT  -  564 words
    • 397 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Barber Menestheus 47 Barber alongside 9.10.82/2359 Barge Eng Tou 68 23 BarHan alongside 9.10.82/0600 Builder in 21E T Soon alongside 9.10.82/0700 Eastern Harmony 8/9 Kawasaki alongside 9.10.82/0800 Fukuzakl Maru 18 CF Sharp alongside 9.10.82/1830 Pacific Rose I
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    • 311 4 THE chairman of Ford Motor Company, Philip Caldwell, expects US car industry sales to be 10 to 15 per cent higher next year than in 1982 and he expects Ford to show an even greater improvement. Mr Caldwell said in September
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    • 380 5 AP THE US State Department, responding to reports that Moscow may build a pipeline for carrying liquefied coal, said on Thursday that existing sanctions would preclude use of some American equipment and technology for the project. According to reports from Moscow, officials from Occidental
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    • WORLD IN BRIEF
      • 381 5 Agencies US AND Soviet delegations met in Geneva on Thursday in a renewed effort to slow down the strategic nuclear arms race, but with no word on either side on how they might settle their differences. Chief Soviet negotiator Viktor Karpov entered the US mission in
        Agencies  -  381 words
    • 706 5 ARRIVALS Service Local Operator Number Time From PAA FT CAL cxux SIA MAS MAS RBA MAS PA005 FT71 CI331 CV796 SQ101 MH601 MH682 BI421 MH671 0025 0040 0060 0645 0805 0820 0945 1000 1020 JFK/SFO/HKG JFK/ORD/ANC/ NRT/TPE/KUL 'I'HK LUX/DXB KUL KUL KCH BWN KUL SIA CPA SIA
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    • 719 5 Reuter CHEMISTS at Texas A A M University claim they have developed a process for extracting hydrogen cheaply and efficiently from water which could lead to a major source of energy. According to its developers, the process uses cheap solar power to extract
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    • 492 5 Reuter A WORLDWIDE hunt is underway to prevent aa American drug poisoned with cyanide, which has killed seven people in the US, from ruiming victims elsewhere. Several Latin American countries have banned imports or sales of the drug Tylenol and other nations are asking tourists returning
      Reuter  -  492 words
    • 245 5 UPI BEIJING'S top legislative bodies will hammer out* a plan to incorporate Hongkong and Macao into the People'* Republic of as "special administrative regions", a left-wing magazine said on Thursday. The scheme, to be formally announced next year, will form the basis
      UPI  -  245 words
    • 196 5 AP THE US-proposed deployment of F-16 fighter-bomber squadrons in northern Japan is intended to improve the military balance in the F»r East to cope with the Soviet military buildup. Haruo Natsume, head of the Japanese Defence Agency's defence bureau, told a Lower
      AP  -  196 words
    • 147 5 UPI MEN ARE the infertile partners in four out of 10 childless marriages, and their infertility is not related to impotence, a pioneer in the Held said. Israeli Fertility Society president Professor Bruno Lunenberg also told a medical congress on Wednesday that "very little"
      UPI  -  147 words
    • 300 5 AP US DEFENCE Secretary Caspar Weinberger the Soviets have attempted to steal a device vital to air and satellite reconnaissance, but the equipment was intercepted before leaving the US. Weinberger mentioned this briefly in a speech in which he accused the Soviets of using
      AP  -  300 words
    • 307 5 UPI Reuter PRESIDENT Suharto of Indonesia will request a US$l billion loan (ram the US next week during with President Reagan, economic analysts in Jakarta said on Thursday. Mr Suharto is scheduled to meet Mr Reagan on Tuesday during an official threeday visit
      UPI; Reuter  -  307 words
    • 286 5 NYT WITH ITS eyes definitely on the future, Toyota Motor Company of Japan will be the one calling the shots in the Joint venture with General Motors (GM) for US production of Toyota cars. In the agreement reached by Toyota Motor and
      NYT  -  286 words
  • Page 4 Advertisements
    • 199 4 Right Now You Need The Asian Journal More Than Ever THE ASIAN WALL STREET JOURNAL. Gold Hit* 11 Month High On Argrntinr Debt Rumors > Laid-Off Middle-Aged Manager* Find Coping Tough If your business is regional or international, local headlines are not enough. you need The Asian Wall Street Journal.
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  • Page 5 Advertisements
    • 410 5 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 over a decade of editorial expertise. We have extracted and
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  • 503 6 ANYONE watching television in San Francisco at 10.06 last Monday morning would have been able to see the President of the United States in Hongkong. Or rather Ronald Reagan in a 1961 movie of that name, shown on one of six cable television stations available in
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  • 758 6  -  It hopes to be the Fortune magazine o! Taiwan. Its advertisers include IBM, Bankers Trust and Hewlett-Packard. Tien Sia is a bold Taiwanese business journal that is making advertisers and readers sit up and take notice, reports STEVE LOHR. STEVE LOHR NYT TIEN SIA, Taiwan's first
    NYT  -  758 words
  • 475 6  -  By DEBORAH SMITH AP AS JAPANESE workers approach retirement, their thoughts rarely turn to the pursuit of leisure. Instead, many start reading the help-wanted advertisements in hope of other Jobs. The average Japanese salaried worker retires between the ages of 55 and 60. The government
    AP  -  475 words
  • Page 6 Advertisements
    • 203 6 v* f'» I V' NE« 4 v If? I i SWf. I I 1 JV:-. I 1 I r > c OS HP i ygp** i- i#ife I mmk JM utt< r *->iv >#f «iBl* 5-,-Vf- If you want to reach manufacturers, exporters and importers, then Shipping Times is the
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  • Page 6 Miscellaneous
    • 939 6 The industrial environment IN TODAY* 711 Ag* met* 1m CnwM far the wUeh are m I Umcertmtmty (CM g, Lit), to* time. today u they wen Prefesser Qklbraltl die- The pmnan will he Chaiei Imn mm the Uafekl eivl> replaced hgr The Qremt waat te arias toate reaaeat, the pnMha
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  • 726 7  -  By HANS FANTEL NYT. IN A MONTH or two many television screens in the US will be offering instant-access reference libraries and a wide range of information in addition to the usual programmes. Viewers can summon on to the screen the latest weather forecasts, stockmarket reports and
    NYT.  -  726 words
  • 740 7 Depthnews THAI scientists are enthusiastic about a kind of nut which can be made into fuel and which can be used in place of diesel. It is commonly known in central Thailand as sabufom and is called mayao or silord in the north-east. Northern Thais
    Depthnews  -  740 words
  • Page 7 Advertisements
    • 457 7 es o fe H Z z z as <• z i Ua Z H <1 H H OS Cu 05 H H z cc 05 H 55 •9! Z < s J <1 z X Z| •911 z fc I z z X oc ffi CO eo CO THK SEMINAR
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  • Page 7 Miscellaneous
    • 610 7 -11-OME CROSSWORD CRYPTIC PUZZLE ACROSS 4 Walks like proud supporters (6) 7 Pursue to the highest level 2) 8 They admit being proprietors (6) 10 Prize that's a drawback? (5) 13 Animal's garment (4) 14 Wild lion on the floor (4) 15 Forename of some Pathans (4) 16 The cheek
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  • Page 8 Advertisements
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    • 138 8 fitLIiJHiMMIJj For sushi. For teppanyaki. For other authentically Japanese delights. )[>t h tiiJ'.l.' 1. 1:1 >t; .>/> >, i< it) M 1I I <( M (>r rcscrratK >m.s call 7'U C )()77 A i z J! NUTMEGS offers F JAZZ BRUNCH on Sundays s 10.30 a.m. 3 p.m. $21 per
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    • 358 8 The perfect end to a romantic drive. 11\ 1 K I S I I R Hie -c;i ucntlv l.ips the palm trmueJ shore. Kouru.imvillaea lt isi. ,iJ C s itnijsf ,i riot of yrirncrv. Hie .ur i- hc.ivv with tlx- mciit of ;vrtumed flowers. s ft, rorn.mtu muMi Mirrmmdsv. >u
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    • 195 8 V mfE Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night." It s the nicest way to jazz m up your favourite drink. m *1 t Dine in the grand tradition of emperors rr UX Where sumptuous m meals are prepared 1 by
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    • 107 8 v\ This is Thai Seafood at its authentic bast So trash, it could have been alive IS minutes before coming to your labia It was An enormous variety of succulent seafoods expertly prepared by Thai chats in our kitchen Siamese Seafood Restaurant Penang Road. Singapore 0923 Tel: *****11 (20 Unas)
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  • RAW MATERIALS
    • 704 9 COFFEE: Robusta coffee futures yesterday fell £18 to £3 a tonne below Thursday night's close on very thin volume of 156 trades at the opening call. BUGAB: The daily raws price yesterday closed at £91 while whites closed at £108. OILSEEDS: Oils and oilseeds markets showed steady to
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    • 331 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 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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    • 169 9 CHINESE PHfcM Eukuge, prie CteMil all: Bulk fob 185.00 sellers, ok) drum (In second hand drum) fob $98.00 tellers, new drum fob $102.00 sellers. Copra: Mixed (loose) *45 00 buyers. Pepper: Muntok white pepper fob Asta NLW $310.00 sellers, Sarawak white pepper faq fob NLW $306.00 sellers. Sarawak
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    • 146 9 The Malaysian crude palm oil market yesterday closed higher on pre-weekend covering support in line with firmer palm oil futures, dealers said. Trading was active. The Oct contract in the central region rose Mslo to M 5642.50 per tonne and south M 57.50 to M 5645 while in
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    • 108 9 WHEAT futures in Chicago on Thursday held gains late to close on the high side of a 4V« US-cent range, up five to 2Vi cents a bushel. Prices held on the plusside all day on sympathetic short-covering following strength in outside markets, particularly precious metals and financial instruments, reflecting
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    • 195 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,360 32s 3,040, 40s 3,100 (per bale of 400 lbs). Ptom gaeta: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 153 9 SOYBEAN futures in Chicago on Thursday closed 10V« US-cents s bushel higher in nearby November to up six cents in deferred November. Traders viewed the market's ability to open and close above the November based fS-S level where a chart gap was filled as technically constructive, as it left
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    • 299 9 RUBBER PRICES IN Singapore yesterday closed slightly lower with October One RSS buyers quoted at 175.50 cents per kilo, down three cents from Thursday's close, dealers said. Morning prices were marked down slightly on lack of buying support and lost further ground in subsequent trading, they said. Afernoon prices
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    • 330 9 RAS prices in cent* per kilo yesterday: PU (per kilo) (per kilo) Int. 1 R-S-S. prompt fab. ISO JO Int 1 R-S-S. October 175.00 Int. 1 R.S.S November 1X3.00 Int. 2 RS.S. 171 JO UK Cont ***** Int 3 R.S-S. 107.25 UK Coot 1X0J5 Int 4 R-S-S. 138.25
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    • 105 9 NOON 881 It md SMR prim ymt RAJ Octal (CWTMI BvhiI 167.00 154J0 Mr I Mtk) Navaabar (Parwaitf Mtk) SSR JO 3SRSC utri (1-MB pallat) (1-toa pdktl isa.ooN 1S6.S0N oajran IX 158.00 166 JO ISA.OON 1S7 JON SMR cv SMRL SMR6 SMRGP SMR 10 <l-taa patot) r"**i
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    • 29 9 Rubber: Oct 8 Singapore: Oct 175.50 cents (down three cento) Malay sin: Oct: 196.00 cento (unchanged) Tin: M 529.15 per kilo (unchanged) Offical offering: 225 tonnes (unchanged)
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    • 55 9 THE STRAITS TIN price in Peiug yesterday remained at the ITA fleer level ef M52».15 a klle all this trading week, dealers said. The buffer stock manager's support was still string and seme overseas Interest alse helped sentiment Turnover was onchanged at 225 tonnes frem Thursday and no
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  • INTERNATIONAL STOCKS
    • 262 9 OCT 07 Rand INDUSTRIALS A Alpha S10 10 Abercom AC And CI as am 315 ran unch S unch Barlovx aas +9 C O Smith CNA Cum* rinu Da BHII Ind Edcon Unn PMVoik rufit Orttemn Hive Id Ub Holds Lonrbo LTA M And R Mccarthy Maaaina Metbos Htmpak
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    • 172 9 OCT 07 ABN Ahold PU >4100 ftM »u Into Mutter Kbto •n u ISM mo MJi -0 4 -0J 1J tuo 0.4 llHMb* suo 0J AMEV Amlu Amrobnk iST" Boll *J0 TUO *-00 0.4 tOJ +05 Nunln National Ned Nmb OeeOrtnUn 2170 lOUO UMJ0 141 J* +04 1J 0J
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    • 191 9 OCT 07 FT* CORBEILLE GROUP B Cam four 1173 -a Air-Liquid* BBNOerrals DlDOHI MMBM CST (ThomsonCat) 446 1 Financier* de L-Unkm 44.10 -u 136 ♦6 1 Lafara* M Moet-Henneeqr 796 Opft-Partbas 111 Penarrojra 4230 ♦i •i 0.0 13 CM nuctltt 14 1 Radio technique 314 11 das PitrolM Credit
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    • 189 9 OCT 07 Francs Action* Suisse* Alunlw Br. 251 417 17 Aluiulws Re*. Brown Boreri Br Cite Oal«]r Br. Cite Oalfy P C Cite OelfJ Dm Credit Bulae Br Credit Suisse Ret Etoktrowmtt Br. Oaorc* Fischer Br Olobui Pc 150 MO UH ioas 800 1710 I 2370 470 386 ♦e
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    • 78 9 OCT" oTB^i^nb::::::: 1815 1403 4 13 -30 FORWARD MARKET Rjrl Dutch Acec SM +18 SMro Arbad 1074 -4 Boc Oen Belc A atur UA —t m 1615 MM 1830 1431 1330 -10 40 1» 10 30 30 I# Braacan 133 30 Solvmy A Bru-Ltmb v Unnt WOO OT5 Canp«
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    • 89 9 oct <n A«c-Tel«runken BASF Byr Dm 28.90 none 107 JOB -1.4 Hose tut Hoaach Hortan UMI KHD 106.10 *7# ***** 21S 00B in. 00 •1 unch -15 1 BMW Coiniscrsbtnk r Conu Oumrnl Dalmlcr-Bcni Defuja* ZZ ***** 1J4J0 51.10 moo unch +0.7 -0J -a Llnde PT «II—j Rvc ST
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    • 96 9 OCT VI Lin Butoc 1 1» -a Bel ***** unch OntrmJe Ort 23M -M Cond Acqu* Roma Brtdanla 119J0 MOO •4J -90 rut Ort ICS -10 Oeivtr&ll *****0 -1375 Qlm 2300 •0 Ifl Prt* 3015 Invert 2130 M000 1*7 -30 IUUcemenU Ort Itelgki -3*0 1 LeptUtOrt unch lledlotanc* HMO
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    • 1163 9 NEW YORK VOLUME IN New York surged to a record and stock prices on Thursday closed at their best level in 15 months amid reports that the Federal Reserve will not tighten monetary policy. Volume totalled some 149 million shares, well above the previous record of 137.33
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    • 188 9 OCT 07 C$ Abltlbi 1« H Alcan Ttl Alfoma T ■a Bulk Mont 3 ■H Bank Nora Scotia Bell Ttl BP Can Ltd I rr Ml Camp Had Lakt Can imp Bk Canntc Car 1 In* OKecfe CroM Rd Lk SH a* 1H 21H 1% Cn BUtrt CI A
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  • Page 9 Advertisements
    • 162 9 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, TRADEMAR PTE. LTD. of Unit 2103, 21st Floor, Golden Mile Tower, Beach Road, Singapore 0719, hereby give notice that in consequence of our client's intended change of name of the motor vessel "EASTMED KINO" we have applied to the Registrar of
      162 words
    • 179 9 The first great classic of the computer age... V" ZVWWV vV V > THE USA THE SOUL OF A NEW MACHINE Everything you read actually happened. No names have been changed. Nothing controversial has been left out... This remarkable true story of life and work behind the closed doors of
      179 words

  • 2418 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL (£««>(1)220 Allied Ckoc
    2,418 words
  • 202 10 SINGAPORE UNIT TRl m (daMCM** prtm fsr Oei Hi) The Commerce 2 78 2.90 The Savings Fund 1.53 Id S pore Prof Fund S pore Sec. Fund 1.21 1.2Txd IB 1.91 S pore Invest Fund 0* 1.01 S pore Equity Fund 1.20 1.2t MUUNH1BUR (IteMffW prices Isr <M
    202 words
  • 2989 10 IMS High Low Coapu; Last Sale orGr'» Div Div Or Gr"s Y*ld Net P/E Vol COOO) Day High Low 8ECTION ONE INDUSTRIAL COMMERCIAL aeo 233 an 330 141 291 480 338 347 132 210 383 88 138 196 3» Aetna Alcorn Allied Char BAT Bata Ben Berjaya
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  • 1848 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. INDUmUAU (2.808 1.406) AIM (1.288 1.295) (3) 1.27 (B) I X (2)
    1,848 words
  • 793 10 SHARP advaaees by wterted qaallty itscki were a itnag featare ef tke toe»l •hire Market ywtertoy. Bat Ike rally lacked widespread sappert, wltk Malayalaa to—m geaerally filet Taklag tke eae tram Wall Btreet, wkere tke everaigkt Dew Jmm ladastrtal Average kad seared aaetker 21.75 petats
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  • 410 10 GOOD overseas leads again boosted sentiment on the Kuala Lumpur stock market yesterday, taking share prices higher to a firm close. Reflecting this the New Straits Times Industrial Ordinary share index rose 17.36 points to 837.04 while the Business Times indicator advanced 3133 points to *****1.
    410 words

  • COMPANY NEWS
    • 875 11 NYT FROM the president of the New York Stock Exchange to a trainee on the flow of the American Exchange, Wall Street workers concluded on Thursday that in spite of record-breaking volume, the industry breezed through what might soon become just another day
      NYT  -  875 words
    • 415 11 Reuter INTERNATIONALHa r ves ter Co said in a proxy statement for a special shareholder meeting that in spite of the steps it has taken, the company's prospects for survival are in substantial doubt. "The company is rapidly exhausting the possibilities of further cash
      Reuter  -  415 words
    • ASIAN STOCKS
      • 394 11 HONGKONG THE Hongkong stock market yesterday closed slightly easier and near the day's lows after an early gain was eroded by profit-taking, brokers said. The Hang Seng index closed 4.25 lower at 883.86 after showing a 14.72 gain at the morning close. The index stood 21.6 points
        394 words
      • 300 11 Ajlnomoto Aku Ammi Aaahi Cham 808 m 483 au 29 -1 23 4 Aaahl Olaaa «o 13 Bank Tk Brtdfaatona ai 4T0 unch 30 Canon 1080 40 Caato Computer 1010 -at CtUaen 330 20 D Nip Print ">00 40 DMlppon Bcraan 1 818 -1 Dalle hi KancTO Bk 4M
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      • 436 11 SHARE PRICES IN Sydney yesterday rose strongly on large volume following a sharp rise on Wall Street and a stronger gold price, dealers said. At 1500 the All Ordinaries index was up 9.9 points at 518.6 with the all resources index 15.5 points up at 413.3 and
        436 words
      • 138 11 SHARE prices in Bangkok yesterday again closed higher in quiet trading, dealers said. OCT OS Aokham Thai Alt* Fibre AruUiarm In* And Trust Bangkok Bank Bank Of Ajrudhajra Ltd Bahta I 248 iao I unch Bata Shoe Berll Jucker Charoong Thai Wire Firestone First Trust Ooodjraar Industrial Finance Corp
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      • 109 11 SHARE prices in Manila yesterday closed firmer on a reduced turnover of 1.68 million pesos compared with 1.95 million on Thursday, dealers said. plp&ls ch eh ch 35 ch a tV' ch cocr S unch F1r*t Phil Hid fa uo -0-J Le panic B tin 0 00B8 Martnduque B
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    • 331 11 TANJONG Tin Dredging Ltd, msMM N per eeat by the Kaek family, has yet to nnhe its piaa to latradaee "Malayriaa aattoaafc" la Mi Mahyriaa satoddtory, Taajaag Ha Dredging (M) Ma Bhd. Tied to thto Is the qaaettoa «f raaewal af toe eempaay's mala
      331 words
    • 937 11 Malex Industries is now on the verge of a new take-off stage with its Sungei Patani factory scheduled to start production this month. In an interview with the Business Times, its joint-managing director outlines the company's plans and prospects and emphasises the need for improved
      937 words
    • 878 11 NYT BLUE-CHIP stocks such as General Electric and International Business Machines scored solid gains in the stock market's spectacular summer rally. But the best performers on the New York Stock Exchange for the first nine months of 1982 were typically much smaller companies
      NYT  -  878 words
    • 222 11 Reuter AB VOLVO plans to acquire a 25 per cent stake in industrial tool manufacturer Atlas Copco AB, Bolvo managing director Pehr Gyllenhammer said. The acquisition plan, to be approved by the boards of both companies, would be in two stages. In
      Reuter  -  222 words
  • Page 11 Advertisements
    • 75 11 HERBERT ONG, HARLOW (S) PTE LTD Singapore Money Brokers, HERBERT ON6, HARLOW (S) PTE LTD are pleased to announce that J.M. SASSOON 6 CO (PTE) LTD, the Singapore Stockbroking firm, have Rirchased a 51% interest in Horbirt Ong. Hirlow (S) I Ltd from Mr Herbert Ong. Hirlow Moyof Savi|« Halted
      75 words
    • 223 11 The supreme book on strategy... If you have wondered how it is that the Japanese can cleave through Western business communities like a samurai sword through butter, the answer lies not in more robots on the factory floor or company singsongs at 9 am. It lies in A BOOK OF
      223 words

  • 264 12 MALAYSIA Mining Corporation has accepted an offer to buy 32.4 per cent of Bradken Malaysia Bhd for M 57.43 million cash. Bradken, situated 10.5 km outside Ipoh in the heart of the Kinta Valley tin mining region, is a major supplier of steel castings
    264 words
  • 61 12 UNITED Malacca Rubber Estates Bhd has been queried by the KLSE about its acquisition of Tong Watt Rubber Estate for MJ5.05 million cash. The exchange wants the details on how the "willing buyer and willing seller" basis was arrived at, the stage of maturity of the rubber trees
    61 words
  • 721 12 LEADING equities yesterday eased on profit-taking after Thursday's strong gains but fresh buying interest was seen after Wall Street again opened firm in the afternoon, dealers said. At 3pm, the Financial Times index was down 9.4 points at 590.0 after moving above 600 for the first time ever
    721 words
  • 120 12 STOCK and bond prices in New York swept ahead yesterday morning in the third consecutive day of hectic trading on Wall Street. The Dow Jones average of 30 industrials, which had climbed 58.78 points on Wednesday and Thursday, rose another 3.68 points to 969.65 in the first
    120 words
  • Chief Price Changes
    • 158 12 Rises FAN 820 25 Island A Ph 545 25 Iaetan 448 22 D B 8 796 20 Hume M 610 20 Larut Tin 202 18 OC BC 796 15 Semb Shipyard 260 15 Straita Trading 482 14 M Cement 442 14 Public Bank 364 14 O U E Rta
      158 words
    • Article, Illustration
      198 12 SHARE prices m the Stock Exchange of Singapere pat ip an enconraging rally yesterday, with prices sf quality stocks rising on active baying support. Sentiments were spnrred by an unprecedented performance on Wall Street where some 149 million shares changed hands as the Dow Jones average advanced 21.75
      198 words
    • 50 12 FINANCIAL TIMES Friday 883.86 INDU8TRIAL8 Thursday 888.11 Week Ago 862.06 Thursday 589.4 Wednesday 582.5 AUSTRALIAN Week Ago 578.1 INDUSTRIALS DOW JONES AVERAGE Friday 649.5 INDUSTRIALS Thursday 646.2 Week Ago 643.4 Thursday 905.97 Wednesday 944.26 ALL ORDINARIES Week Ago 896.25 Friday 517.7 H.K.HANG SENG Thursday Week Ago 508.7 ..500.4
      50 words
  • 762 12  -  «sm Companies Editor: Mano Sabnani By CHRIS LIM CITY Developments has reached agreement to purchase two properties for a total of $117.17 million, one for cash and the other through an issue of new shares which will increase the group's paid-up capital from
    762 words
  • 358 12 HONG Lecag iMhutrtaa has been asked by the Kuala Lumpur Stock Exchange to provide additional information on its acquisition of 30.9 per cent of Southern Iron A Steel Works' equity as well as a property and development company. The exchange wants to know the name of the latter
    358 words
  • 570 12 MALAYSIAN Mosaics Bhd is expected to pull itself out of the red with a profit of M 51.61 million for the year ending Dec 31,1962. The turnaround in Malaysian Mosaics's earnings, assuming Sabah timber king Datuk Lau Gek Poh is able to gain control
    570 words
  • 291 12 KILLINGHALL (Rubber) Development Syndicate PLC, a UK-based plantation company, has entered into an agreement to sell 135 hectares of its Killinghall Estate in Malaysia to a bumiputra company for the equivalent of M 55.37 million cash. The agreement with the bumiputra company, Tekali
    291 words
  • 239 12 ANOTHER bank has sued Hongkong businessman Kevin Hsu, 50, in the latest in a series of blows to his trouble-stricken property and Jewellery fortunes The controversial but self-made man, who also owns the Cockpit Hotel in Singapore, is being sued few more than
    239 words
  • Page 12 Advertisements
    • 294 12 Times Bestsellers THE HOTEST BOOK IN TOWN from the author of COMA 'Gripping Vivid and believable' New York Times 'Scalpel-edged tension Terrifyingly plausible' Daily Express 'Tense Clever... Masterly;... A hard-to-put* down, fast paced thriller' only $10.85 -v-% GREED by Richard Hall 11 L*JI Martin Johnstone, THE I J ORGANISATION'S Iff
      294 words
  • Page 12 Miscellaneous
    • 64 12 |WEAT HER OUTLOOK for today: Hazy in the morning; showers in a few areas in the afternoon. Report for 24 hoars prior to 7Jt pm on Oct 8 at the airport: Maximum temperature 31.8 Associated humidity 61 Minimum temperature 24.4 Associated humidity 93 Hours of sunshine 4.60 Rainfall in millimetres
      64 words