The Business Times, 16 July 1983
1983-07-16
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The Business Times
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Title Section11 1983-07-16 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JULY It, 1983 fift fF.VTS11 words
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320 1983-07-16 1 Reuter BRAZIL will sign a new agreement with the International Monetary Fund on Monday to unblock a US$4.9 billion three-year financing programme, a senior official of the Brazilian Planning Ministry said. As meetings between Brazilian economic ministers and the IMF continuedReuter - 320 words
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654 1983-07-16 1 AGNES WEE - By AGNES WEE BULLISH expectations for the warehousing sector and a continued limited supply of landed property could be the scenario in the property market during the next three to four years. These were the forecasts made by property consultants, Simon Lim, Oh654 words
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464 1983-07-16 1 KOH TSE YING - Tat Hong expects more business from P H line By KOH TSE YING TAT Hong Heavy Equipment, which already handles an annual turnover of $60 million, expects an additional $10 million to $20 million worth of business from its newly-acquir-ed agency for the PAH line of construction equipment. The company464 words
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244 1983-07-16 1 THE High Court has granted People's Park Development Ltd (PPDL) an eight-week adjournment in the winding-up action initiated by the Tnimvi Revenue Department (IRD). Counsel for the defence, Mr Ronald Lee, told Justice AP Rajah when the winding-up petition came up far hearing yesterday244 words
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BRIEFLY...
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Article45 1983-07-16 1 UPI A WASHINGTON university report said the direct costs imposed on American consumers by protectionist policies could reach at least US$7l billion in 1963. The report said the cost estimate for this year was an increase of $12 billion from 1980. UPIUPI - 45 words
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Article43 1983-07-16 1 SOUTH Korea's Construction Minister Kim Jong-ho leaves Seoul today on a two-week visit to Hongkong, the Philippines, Brunei, Singapore, Indonesia and Malaysia, a ministry spokesman said. He will meet economic ministers to promote Korean construction works in the region, he said.43 words
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Article44 1983-07-16 1 Reuter JAPAN'S vehicle exports in June rose 4.6 per cent from a year earlier to 489,720 units. This brought the total in the first half of calendar 1963 to 2.87 million, down 0.6 per cent from the same 1982 period. ReuterReuter - 44 words
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Article61 1983-07-16 1 Reuter CHINA and Japan have signed a treaty to avoid double taxation and prevent tax evasion between the two countries, the New China News Agency said. Fiscal areas covered in China are individual income tax, tax on joint ventures, on foreign enterprises and local income tax. In JapanReuter - 61 words
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Article49 1983-07-16 1 FIERCE clashes between the Lebanese army and men believed to belong to the Amal Shi'ite Muslim militia erupted in central Beirut yesterday. French troops belonging to the multinational peacekeeping force reported from the seen* that heavy- calibre machinegun fire and small arms exchanges were going on.49 words
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Article58 1983-07-16 1 PUBLIC prosecutors in Thailand said they had evidence that corruption was involved in the controversial release of a suspected narcotics trafficker from New Zealand three years ago. Former interior minister Pratuang Kiratibutr, who authorised the release of Ma thew Cosio, 26, was charged before Thailand's criminal court on58 words
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Article63 1983-07-16 1 Reuter ALEXANDER and Alexander, a major US insurance broker, said it is no longer in serious negotiations about being acquired by another company, but Wall Street analysts said it remains a likely candidate for a takeover. The company said discussions with another party, which had begun several monthsReuter - 63 words
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Article67 1983-07-16 1 AP CHINA and the United States are patching up their frayed political relations and actively discussing the dates for a visit by Premier Zhao Ziyang to Washington this autumn, diplomatic sources said. The dates have not been set but it is expected to depend to a great extentAP - 67 words
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Article53 1983-07-16 1 Reuter TYPHOON Vera lashed Luzon, the main Philippine island, yesterday in a destructive sweep that killed eight people and left at least 6,000 families homeless, relief agencies said. The government's national disaster coordinating centre said an uprooted coconut tree crushed to death a 12-year-old girl and lightning killedReuter - 53 words
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294 1983-07-16 1 Reuter THE U8 dellar urged »toi «a werid earreaey at Mi highest level 'teeS meaths la Fraakfart aad ewttnlig a tread that begaa la t*e Far East. Dealers aaU It was tout ed by rammrata to Ceagrees frem Pail Veleker, ehalrraaa d theReuter - 294 words
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496 1983-07-16 1 Reuter FEDERAL Reserve Board chairman Paul Volcker has signalled that US monetary policy may be tightened again and that higher interest rates may lie ahead. In his first major appearance since President Reagan re-nominated him as head of the US central bank,Reuter - 496 words
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Page 1 Advertisements
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Advertisement202 1983-07-16 1 iilLliaJlOilJM-viii;! wmz A TIGHTENING of the American Federal Reserve's monetary policy, confirmed by board chairman Paul Volcker on Thursday, is probably still in progress, US credit market analysts said Page 2 COMPUTER Systems Advisers expects 1983 to be a year of consolidation with revenue expanding slower Page 3 SOME Japanese202 words
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Advertisement63 1983-07-16 1 A club designed for the golfer smart enough to know the most important thing isn't just how far but how straight you hit the ball. The Goll Specialists PAN- WEST CPTE) LTD. #03-28 Plaza Singapura. 68 Orchard Road. Tel *****85 6 Telex RS ***** PANWST »813 UIC Buildinq Shenton Way63 words
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Advertisement152 1983-07-16 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) Dear City Dev, Here are the facts you need to know. First, some details about the size of my company and the business it's in The type and size of property I'm interested in is I152 words
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BANKING AND FINANCE
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706 1983-07-16 2 Reuter A TIGHTENING of the Federal Reserve's monetary policy, confirmed by board chairman Paul Volcker on Thursday, is probably still in progress, credit market analysts said. Mr Volcker told the Senate Ranking Committee the central bank has been slightly less accommodative in recent weeks.Reuter - 706 words
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Article192 1983-07-16 2 Reuter THE US Justice Department supported a proposal by the Federal Home Loan Bank Board to relax restrictions on interstate branching by federally chartered savings and loan associations and other thrift Institutions. The proposal would cover thrifts whose accounts are insured by the Federal Savings andReuter - 192 words
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228 1983-07-16 2 Reuter WESTERN and Polish bankers ended two days of talks on rescheduling the communist state's huge commercial debt on Thursday and the Polish side reported progress. Sixteen bankers representing about 500 Western creditor banks opened the discussions on Wednesday with the chief negotiator at theReuter - 228 words
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460 1983-07-16 2 Reuter A NEW Treasury Bill that will widen the power of banks is provoking an outcry from the financial services industry which may slow bearings in Congress and transform the proposals, industry and congressional sources say. US Treasury Secretary Donald Regan, who unveiledReuter - 460 words
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233 1983-07-16 2 UPI PRESIDENT Reagan has tried to persuade dissenting Republican members of Ooyw to back a US$B.5 bUtton increase in US loans to Third World countries. Defeating the Senate-pass-ed bill in the House of Representatives would harm a US-led world economic recovery,UPI - 233 words
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156 1983-07-16 2 Reuter AN extraordinary general meeting of Banco Ambrosiano Holding SA (Luxembourg) has appointed three partners of London accountants Touche Ross and Co as administrators after the bank's board of directors resigned, the bank said. A statement by the bank —irf that the general meeting has acceptedReuter - 156 words
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Article364 1983-07-16 2 THE WORLD Bank is raising £100 million through a five year Eurobond to yield 10.96 per cent semi-annual-ly, lead manager Baring Brothers and Co said. With an 11 Vi per cent coupon and S9V* per cent price, the issue yields leas than the comparable 10 Vi per364 words
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MONEY AND EXCHANGES
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Article467 1983-07-16 2 THE LOCAL foreign exchange market was bullish yesterday with most currencies strengthening against the dollar. Against the local unit, the US dollar opened at 552.1300/10, up 10 points from the overnight level. Heavy buying on the West Coast pushed the dollar to a high of $2.1330/40 where it467 words
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Article284 1983-07-16 2 GOLD FUTURES in Singapore yesterday closed slightly firmer compared with New York's closing levels despite a strengthening of the US dollar. Trading was thin with prices fluctuating within a narrow range in a market lacking fresh factors. Total sales for the day was recorded at 147 lots while kerb284 words
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Article33 1983-07-16 2 New York 1190B 12.J0B U.S7S 12.306 Zurtcti «w 12.25B 12.3SS a at PM TWi Singapore U.88B 12. KB U.MS 12.1SS Closing prk taUSMn a troy ouac B. Source: Credit Suisse, S'pore.33 words
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Article161 1983-07-16 2 THE DOLLAR yesterday hit a seven-year high of 2.6070 marks traded but fell back to close at 2.6025/35 marks in hectic, speculative trading. The Fed's decision not to inject reserves through system repurchases, and Fed chairman Paul Volcker's statement the Fed has been less accommodative lately weakened dealers' reluctance161 words
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Article22 1983-07-16 2 THE am«(e rat* at which major Singapore baaka are currently prepared to lead to their beet customer* is 8.96 per cent.22 words
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Article169 1983-07-16 2 ASIAN ASIAN currency deposit Interbank rates as at close on July 15: sr-tr 7d&jn til/16 18/16 1 month 9* 2 months 101/1« 6 11/16 Smooths 10 5/16 10 3/16 6 months 10* 10% 0 months 1013/*****1/16 IS months 10* 10* Dws._Sw.Tw. 1 month 3 months 6 months 12 months 418/16169 words
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Article47 1983-07-16 2 RANGE of print oflen id by dlscount k«M on July 15: OvenUfbt 1 Call departs: 1-1 ClMtM 3-month MN Treasury bills 2 9/16 2 7/16 J-month Bank bills 71V16 7 11/16 S moo lbs CD 7* 7H 6 months CD 7% 7* Source: National Discount Co47 words
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Article44 1983-07-16 2 RESULTS of tender held yesterday (or 91-day Treasury bfDs to be issued from July IS to July 22: Oftared: 5130.000.000 AppM tar: Allotted: (130,000,080 Accepted tads: $99.34 approzlinately 30 per cent; higher bids in full. an altetanent: 2.596 per cent per annum.44 words
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Article98 1983-07-16 2 THE US dollar yesterday lost some early gains through profit-taking after the European opening but remained well above New York's closing level against major currencies. Steady US interest rates and expectations of an up to $7 billion rise In US Ml money supply figures, due out later yesterday, were98 words
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Article74 1983-07-16 2 THE dollar yesterday opened sharply higher from Thursday night's clow after rising In the Far East to its highest level against the mark since January 1976. Opening quota yesterday: US 1.5140/50 Can 1.8660 /90 Crow —***** 44 D Mk -*****/410 DF1- 4.4000/4050 S FY 3.2230/65 B FY con 78.06/1874 words
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Page 2 Advertisements
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Advertisement285 1983-07-16 2 OVER $100,000 WORTH OF PRIZES IN THE TIMES INTER-RUSINESS HOUSES ATHLETICS MEET '83 Saturday, October 8, 1983 National Stadium 6 p.m. Events: Men and Women 100 m, 200 m, 400 m, 800 m, 1,500 m, 3,000 m (Women only), 5,000 m (Men only), 4 x 100 m and 4 x285 words
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TRADE AND INDUSTRY
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533 1983-07-16 3 KOH TSE YING - By KOH TSE YING AFTER enjoying two years of high growth rates, Computer Systems Advisers is expecting 1983 to be a year of consolidation with revenue expanding at a slower pace. CSA chairman Allen Pathmarajah said the global recession affected the company towards533 words
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Article823 1983-07-16 3 SEMINARS AND COURSES July 18-20: New Business Initiation Workshop, Singapore Institute of Management, Singapore Institute of Management July 18-22: EDP Documentation Standards, The Arcade, Collyer Quay, I/ACT Pte Ltd July 18-Aug 4 (Mondays and Thursdays): Conference Leadership, Institute of Education, NUS Department of Extramural Studies July 19: Financial823 words
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273 1983-07-16 3 BUILDINGS built by the prefabricated method need not have to look monotonous and stereotyped. In fact, concrete can be patterned and this is made possible by the present level of expertise in moulding. Concrete can also be pigmented and surface finish can273 words
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342 1983-07-16 3 THE success of examination candidates in the Basic Education for Skill» Training has proven that a return to the learning environment can be a rewarding experience for many adults, even if they had left school years ago. This observation was made by Dr Tay342 words
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207 1983-07-16 3 MORE kerbside parking lots on a 24-hour basis will be made available in Housing and Development Board estates. A HDB spokesman said that about 2,200 kerbside car lots and 650 lorry/bus lots will be made available on a 24-hour basis rather than the207 words
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406 1983-07-16 3 AGNES WEE - By AGNES WEE YOUR new window cleaner may be a robot if companies bere follow their Japanese counterparts. The robot will not have hands or feet as we know them, but with the help of rails that run the height of the building, these406 words
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Article, Illustration409 1983-07-16 3 SEVENTEEN units of the Otis Ekvonic 401 microcomputer control lifts worth $9.3 million will be part of the high technology equipment which will be installed in the Chartered Bank's new $150 million building. The lifts come with, among other features, a voice synthesiser, a control panel engineered for409 words
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330 1983-07-16 3 TOOTHBRUSHES, shavers and even the humble cotton bud will play a major role in Hotel Nikko Singapore's battle for a share of the highly competitive tourist market when it opens for business early next year. General Manager Suwmu Tanaka believes it is «mail330 words
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Page 3 Advertisements
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Advertisement46 1983-07-16 3 to the Chairman the Board of Directors of ASIA INSURANCE CO. LTD. on their 60th anniversary ASIA LIFE ASSURANCE on their 35th anniversary on 16 July from Dato TAN CHIN NAM Chairman of Parkway Properties Pte Ltd Lot 5014 Marine Parade Road Singapore 1544 Telephone *****2246 words
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OVERSEAS
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Article, Illustration402 1983-07-16 4 UPI JUST a day after overwhelmingly endorsing the B--1 bomber, the Senate handed President Reagan another victory on Thursday by approving advanced funding and a speeded-up production schedule for the plane. The Senate voted 56-41 to endorse a multi-year contract sought by the Pentagon forUPI - 402 words
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Article216 1983-07-16 4 UPI US NEGOTIATOR Max Kampelman returned to the European security conference in Madrid on Thursday with a mandate from President Reagan to bring the meeting to a swift close. He said final agreement between East and West, bringing together the foreign ministers of 35 nations,UPI - 216 words
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Article164 1983-07-16 4 Reuter ALGERIA has cautioned against a relaxation by Opec countries of agreed production ceilings in anticipation of an increased demand for oil. In a comment on an Opec meeting starting on Monday in Helsinki, the official Algerian news agency APS said the present globalReuter - 164 words
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348 1983-07-16 4 Reuter BETWEEN 4818 and 1888 barrels sf crude ell are peering lets the Persian Oalf each day from Samage* Iranian wells while a farther 86,866 hart eh are burning ep, the head sf Bahrain's emergeney pollution centre said sn Thursday.Reuter - 348 words
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781 1983-07-16 4 NYT FOR the first time in nearly two decades, Americans are expressing increased confidence in their government, according to national pining by the Institute (or Social Research at the University at Michigan. The change was reflected in answers to a series of questionsNYT - 781 words
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378 1983-07-16 4 UPI THE «notion*] period following the loas of a spouse causes suppression of the Immune system, allowing a host of ills to complicate the grieving process, New York doctors said on Thursday. "Conjugal bereavement, one of the most stressful of commonlyUPI - 378 words
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Article275 1983-07-16 4 UPI THE president and vicepresident of the bankrupt International Gold R»mnn Exchange were arrested on Thursday and charged with grand larceny and fraud, the New York state attorney general's office said. William Alderdice, 39, and his brother, James, 16, former heads of the Floridabased company, wereUPI - 275 words
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Article210 1983-07-16 4 AP THE ethics committee of the US House of Representative* has recommended that two Pnngrt— nun be reprimanded (or sexual misconduct with teenage pages. The Representatives named are Illinois RepubUcaa Daniel Crane and Maasachuaetts Democrat Gerry Studds. The committee said Crane "has acknowledged under oath that heAP - 210 words
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Article738 1983-07-16 4 ARRIVALS Serriee Local Operator Number Tiae Fim SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JPK/ORD/ANC/ NRT/TPE/KUL CAL cm 0150 TPE MAS MH601 0820 KUL MAS MH671 0805 KUL MAS MH811 0910 PEN SIA SQ103 0M5 KUL RBA BI421 1000 BWN MAS MH603 1020738 words
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Article196 1983-07-16 5 Reuter THE Australian government still has an open minH on whether non-resident banks or other foreign <in»nH«i institutions should be allowed entry into the Australian stock broking industry, federal attorney general Gareth Evans said. Officials of the joint federal/state Ministerial Council on Companies and Securities LawReuter - 196 words
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Article1170 1983-07-16 5 VmmI Berth Arrival Departure KEPPEL WHARVES Cherry Lanka 29/30 alongside 16.7/1800 Chung Jin 26/7 alongside 16.7/0600 Equator IV 23 alongside 16.7/0700 GarsaSatu 27/8 alongside 16.7/2300 Green Star 5 alongside 16.7/0130 Hunza 15/6 alongside 16.7/1500 Jenson IV 22 alongside 16.7/0700 Johneverett 38/9 alongside 16.7/2300 Kota Wlaata 10/11 alongside1,170 words
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Article86 1983-07-16 5 AP DESPITE objections by ssake islanded petrel and ealslytle e—rertsrs rssipslsary far ears prsdsesd sad saM alter 4aa 1 IIM, the Istertor riMy said on Istsrlsr Mlslslsr Frledrleh flinssiiii Mass will si the seat eaMnet sseedng after getting the ldss approved at Wednesday's sseedsg, ssosree laAP - 86 words
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Article509 1983-07-16 5 Reuter IBM, the world's premier computer company, has reported m substantial rise in profits, but analysts were divided about whether the results showed the data-proc-essing industry as a whole to be regaining its strength. IBM reported from its headquarters in Armonk, New York, thatReuter - 509 words
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390 1983-07-16 5 UPI US BUSINESS inventories grew OJ per cent in May, the third increase in four months, but not enough to prevent the leanest inventory sqipty "in at least IS years," the commerce department said on Thursday. Manufacturers and retailers found May's 14 perUPI - 390 words
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Article204 1983-07-16 5 AP NEW applications far unem- ployment benefits In the United States fell in the last week of June to their lowest level la nearly two years, in saofhsi sign of a recovering American economy, the goveminent Mid on Thursday. The US Department of Labour's weekly reportAP - 204 words
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Article181 1983-07-16 5 Bernama DATUK Seri Dr Mahathir Mohamad has warned that the government will not hesitate to take actioa against anyone if any malpractice fa involved in affairs of the Hongkong subsidiary of the Bank Bumlputra, Bumiputra Malaysia Finance Limited. "We will definitely take action U there faBernama - 181 words
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Article162 1983-07-16 5 Reuter JAPAN'S economic i ecu vet y in June waa baaed largely on brisk exports and donna tic demand was still recovering slowly, the government Economic Planning Agency (EPA) said In a monthly report It said Japanese customs cleared exports on a volume basis rose 10.4 per centReuter - 162 words
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WORLD IN BRIEF
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Article304 1983-07-16 5 Agencies GREEK premier Andreas Papandreou aid yesterday that his country and the United States have signed a new agreement on US bases in Greece that calls for their removal after Bve years. The premier's announcement during a news conference came after nine months of difficult negotiations,Agencies - 304 words
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Page 4 Advertisements
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Advertisement459 1983-07-16 4 OUT NOW! sth Edition: Completely Revised and Updated Published by The American Chamber of Commerce in Hong Kong. Hong Kong is an exciting, stimulating place in which to live. But life here is different, and the differences can be unsettling. This book helps you to feel at home in Hong459 words
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Advertisement24 1983-07-16 4 |}}\}+>,~&-;.(-[?+'[:-<&+_$-&{" Fly Pan Am To The USA Daily And To More Than 45 I .S. C ities. Pan Am.You Can t Beat Ilic 1 xperienci'.24 words
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Page 5 Advertisements
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Advertisement379 1983-07-16 5 TIMES INTER-BUSINESS HOUSES ATHLETICS MEET tS Saturday, October t, 18S3 National Stadium 6 pjn. For winners in the following: 4 x 100 m Johnnie Walker Challenge Trophy a lucky draw wttfi Top ten prizes of Sanyo video cassette recorder, refrigerators, colour tvs, airconditioner, microwave oven, washing mochine and rodk>/cassette recorder379 words
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503 1983-07-16 6 LET'S put it very simply: Do you trust the government? That is not quite the way James Bond says it; or the way Le Carre puts it in his novels. But try confronting an audience with a question like this as directly as503 words
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742 1983-07-16 6 JOHN COLLIER - A postgraduate student and his professor have discovered a remarkable new method of birth control that is the simplest yet. JOHN COLLIER reports. JOHN COLLIER FT NATURE, it seems, has its own codes when signalling fertility, but finding them and interpreting them is notFT - 742 words
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Article, Illustration892 1983-07-16 6 JOHN RODERICK - 'Tranquillity and the harmony developed by centuries of reverence for nature have been wiped out to make places to station more cars, to sell more food, to draw in customers and relieve them of the maximum amount of cash,' wrote an American authorAP - 892 words
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Page 6 Advertisements
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Advertisement158 1983-07-16 6 if you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space for you You'll be reaching a very select group of158 words
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Page 6 Miscellaneous
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Miscellaneous739 1983-07-16 6 SINGAPORE 5 12.50 PM Opening folowed by Sesame Street 1.50 Shazam (Cartoon) 2.15 Saturday Matinee The Slave 3.55 6th World Netbafl Tournament 1983 New Zealand Vs Trinidad and Tobafo: Competing teams are New Zealand versus Trinidad and Tobago. 5.05 Bhtang Undangan SucSrman (Malay/r) 5.50 Flntstone Froks (Cartoon) 6.15 News (English)739 words
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Article, Illustration518 1983-07-16 7 BRIAN TIMMS - By BRIAN TIMMS Reuter WHILE the Soviet diplomat and his friend were chatting over dinner, Australia's security service was listening through a bugging device planted in the room. The Soviet diplomat has now been expelled from Australia on spying charges, his friend says his own careerReuter - 518 words
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Article, Illustration783 1983-07-16 7 KRISTEN LUNDBERG - Some 25 gilt-edged Americans travelled from Texas, Utah, Washington, Kentucky, Virginia, Massachusetts and Connecticut to look over this year's offerings at the 13th Pyatigorsk Arabian horse auction in Russia. Sitting under a canopy that proved scant protection against the cold, windy day,UPI - 783 words
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663 1983-07-16 7 DAVID YOUNG - EXPATRIATE INVESTMENT By DAVID YOUNG AMERICAN and Japanese investors have found a cheap way to buy into their own national stockmarkets. They buy British investment trusts. According to the Association of Investment Trust Companies the current level of discount on the net asset value663 words
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389 1983-07-16 7 HAMZA HENDAWI - By HAMZA HENDAWI THE discovery off Egypt of Napoleon Bonaparte's flagship, L'Orient, has led to hopes of uncovering a treasure of plundered gold and gems that it was carrying when sunk. L'Orient, which had three bridges, 120 cannons and more than 1,000 men aboard,389 words
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Article403 1983-07-16 7 CDQDQQ 'uf\D THERE are still people unfamiliar with the expressways of Singapore. Can't really blame them for not knowing whether they are coming or going. These motorways are still a fairly new phenomenon here and had very little follow-up publicity after the initial "launch." Anyway,403 words
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Page 7 Miscellaneous
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Miscellaneous762 1983-07-16 7 J CRYPTIC PUZZLE ACROSS 8 Taking away about a thousand to the cricket ground (7) 9 Having lain right inside, shivering from the drizzle (5,4) 13 This object is the spare key (5) 14 Realises denials will be voiced (5) 15 Revel in rounding up the rioters (7) 16 Get762 words
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Page 8 Advertisements
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Advertisement758 1983-07-16 8 Where to wine, dine and entertain gIU with the American Express Card If you don't already have the Card, call *****33 tor an application torn" a S V*- c\ f^D zVhnda Singapore's latest to good food and cosy surroundings. Special servings are set for breakfasts, luncheons, dinners and late night758 words
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Advertisement209 1983-07-16 8 k I it/* HW 20% discount on all drinks during happy hours (spm 7pm daily) n.-_: L„,_. business nours: 5.00pm to I.ooam on weekdays, up to 2.00 am on weekends..' for information 6c reservations, please call *****22 cxt 133/917 or dircct line *****42 GgSSS? restaurant T, Try our sumptuous delicacies209 words
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RAW MATERIALS
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Article1155 1983-07-16 9 COFFEE: Robusta coffee futures at midday yesterday were between £6 and £1 a tonne above Thursday's close in traded positions. Price# ended on a firm note, at the top end of yesterday morning's narrow range. Most traded Sep was at £1,626, £2 higher, after moving between £1,620 and1,155 words
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Article171 1983-07-16 9 CHINESE PrHiee Ex(k»i|(, Nhpiwrt, til—lag prices per INkg yesterday. Cwmml all: Bulk fob $125.00 sellers, old drum (In second hand drum) fob 1138.00 sellers, new drum fob $142.00 sellers. Cspra: Mixed (loose) $74 buyers. Psppsr: Muntok white pepper fob Astt NLW $310.00 sellers, Sarawak white pepper taq fob171 words
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Article193 1983-07-16 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CeMaa yam: China Blue Phoenix 20s 2.510; 32s 3J85, 40s 3,390 (per bale of 400 lbs). Pises gseds: China Butterfly and Globe brand unq; Dragon Head unq Five Lambs unq; Flower and Butterfly193 words
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Article335 1983-07-16 9 SINGAPORE: Yesterdays closing prices In SS per kilo, ex-godown: THAI WHITE: 100 per cent tint class (Kangaroo) new crop 1.04, 100 per cent aecood cUua 0.71, 100 per cent third clajb 0.73, S per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-wper 0.00, Special 0.54.335 words
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Article291 1983-07-16 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with August One RSS buyers quoted at 248.00 cents per kilo, up 1.50 cents tram Thursday's close. Morning price were marked up slightly on some speculative buying aupport after a lower opening. Afternoon prices gained further ground on short-covering interest and291 words
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Article381 1983-07-16 9 RAJS prlcw in ctnti per kUo ytarflar Nm (P* kfl») Buyan Saltan tat i *11 prompt fob UiM MJM tat 1RJLS August MJI M7 00 tat. 1 RS.S September MJI BUI tat. srjj omi aun uk/om* moo auw tat. a rss mm aw UKCont 3.N BW tat 4381 words
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410 1983-07-16 9 Bernama PRICES of natural rubber are expected to rise higher aa the General Services Administration (GSA) starts purchases for the US defence stockpile. According to the rubber, market review (or June 1983, publiahed by the Malaysian Rubber Exchange and Licensing Board, the GSA has beenBernama - 410 words
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Article32 1983-07-16 9 Rubber: July IB Singapore: Auguat: 248.00 cents (up 1.80 cents) Malayaia: Auguat: 267.50 centa (up 1.00 eent) Tin: M 580.47 per kilo (down 20.00 centa) 120 tonnea (down 7 tonnea)32 words
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Article34 1983-07-16 9 25Te2SimEnlS fasg» gMIMlMaai lwspar IsraS. ths teg, ths LMK, Isrgsijr «as t»*Z wateMd start*. The MM ahswhsd the mbl tfteriag 1» terns, wMah waa dawa from Wntentay*s W t—ess. wJmn* '«IMild^ Uffe34 words
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235 1983-07-16 9 Reuter THE high level of US intereat rate* la likely to dominate precious metal markets and dtecourage Investors. However, Degussa AG In its latest monthly metals report, said that sharp speculative price swings cannot be ruled out. Physical demand for precious metals hasReuter - 235 words
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Article208 1983-07-16 9 90YBEAN future* In Chicago on Thursday ended two to five US-cents a bushel lower In thin, nervous trade. November traded in a seven cent range. Prices drifted throughout the session as many traders stepped aside until a clearer picture of weekend weather develops. Conflicting forecasts called for hot, dry208 words
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Article227 1983-07-16 9 WHEAT futures in Chicago on Thursday closed from 1 y« US-cents a bushel higher in nearby July to IV* cents kww in thinly traded distant July. September traded in a 4Vi cent range, unchanged from midsesston Nearby prices received support in quiet trade as farmers reamain tight holders of227 words
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Article167 1983-07-16 9 THE Malaysian crude palm oil market yesterday rose on renewed buying support in moderately active trading, aided by India's purchase of nine parcels of 5,500 tnwwf each. In July, central Armed MJ13.50 to MSBLS a tonne and south MfTJO to MsB2s while in Aug, south rose to MJBIS167 words
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INTERNATIONAL STOCKS
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Article150 1983-07-16 9 JULY 14 maa AtttoM»y an .1 Aiwwim iur no -i Brown BopmT Br. IB -U CM QUO Mr. aw -M CM* Mo P C MM -14 g5.°art=a a crmtMMhi m Baktmia Br. W -J OMtfi Ptaehor Br tM -1 OMw Pe m -10 In Br. 3QB0B Hottmtn La lflfh>150 words
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Article70 1983-07-16 9 rULT M Dm Hoectist 136J0 +1.1 AM-T.ur» nk n Ho*ch ***** -OM +n Horten 1*008 MJ» ♦IT KArstadt arun gy MB JO +1 KHO K100B Cm,--„ t Undt MM -M veuwwwni mjO +2J M»nn—nunn 14BJ0 +14 ~i 12"JL +1J PTW«M m» y™** Rwt ST A ***** «U Schwlnj M7J070 words
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Article84 1983-07-16 9 JULY M m Or Bni Lamb Hobo* 100 4006 FOB WARD MARKET Patto MM unch Rjrl Dutch MOO 46 Acac MB unch Sldro ISIS -M Arbad 1230 20 unch Soc Oan Bale MM -M Aatur 450 Soflna 4730 -15 ■nam 1466 6 Solnjr A MOO M 5 ar IBB84 words
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Article96 1983-07-16 9 JVI.T 14 Ltrc Bel 9 Ctntnk CM l«t Cond Acqua Kant entente 14X75 -1 MS H rial Ord Omarmll J010 30 ia»o +900 in Jill +18 «7M +4B ln*Mt tttJcvoMnti om Ml 1J1 ***** +400 #40 10 urn +oo Lapvilt Ord Mediobanca M llano Am Ort Maodmdort Prt* Monudlaon96 words
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Article201 1983-07-16 9 JULY M AMtlbl a Had Ay Mia Hap nu MM Alean Alcorn* M 40 M ft Info Iat Pro* Pip* UH Sft ft ft But Mont Bank Norm Bcotta tmt M ft unch Int UU InU Nickel U MM it •w Bell T»1 BP Can 144 U IT unch201 words
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Article255 1983-07-16 9 JULY 14 Rand INDUSTRIALS Tina* Bk Un Blaal Unlaac Ma MB I1M unch 4-8 unch A Alpha Abarcom A* And CI Amapop MB 900 in unci) MININGS -M Anctaa J"*"** MM -M Barlow* C O Smith MO 1TB zaoo -M -15 SET 1MB BMB ~n -m CMA CurrU Plnanca255 words
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Article176 1983-07-16 9 JULY M ru ABN Ahold Akao AMCV Amlu Amrobnk BSTLzzz BoU Bonucar 372.00 1NJ0 m jo ♦u u ***** mm aoso &10 ojo ma n -u ♦0J -02 1J 41 Boat* Burtet 4*740 0J -0J Caland C*J» Ml Mtj Elaevtcr MOO iU 10* M+ tt 0.5 Kanlm E? Fokkcr176 words
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Article1358 1983-07-16 9 NEW YORK THE STOCK market on Thursday look comfort in Federal Reserve chairman Paul Volcker's testimony to Congress, as share prices rose modestly after two sessions of declines. The Dow Jones Industrial Average, which was nearly 12 points higher earlier, ended about 6.51 higher at *****3. Overall,1,358 words
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Page 9 Advertisements
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Advertisement18 1983-07-16 9 AUTO DA FE from Ellas Canetti, the 1981 Winner of the Nobel Prize for Literature. A Pan book18 words
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3541 1983-07-16 10 BID and offer prices officially llated 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 unite unless otherwise specified All Times Settlement Contracts are quoted after3,541 words
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Article3485 1983-07-16 10 1 Hick MS Utr CMpuy Last Sale +orGr's Dfr DW Crr Gr's YTd Net P/K Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 280 v 354 967 300 410 UO 372 283 an an 520 535 1370 536 214 340 546* 170 400 472 1040 3103,485 words
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Article2042 1983-07-16 10 810 and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. DfDUmiAU AfMmsto(lMß) (1)1» Atoam (1««) (1) 153 (I) JJO (J) AMD (5B8)2,042 words
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Article624 1983-07-16 10 THE loeal stoek market tamed easier yesterday as aft eras sa selllag pasked tottfcjdasr galas made darpestto ladez eaded 1.44 palate lower at KIJ4 kat tke Btrafte Times ladastrial a S.IS-pstat Priees were broadly klgktke epealag waa kelped ky a Ml-palat rtee la tke everalgkt New624 words
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Article426 1983-07-16 10 SHARE prices on the Kuala Lumpur stock market-recov-ered «lightly yesterday as sentiment improved. After opening higher in line with the better performance on Wall Street, prices continued to rise on renewed buying support till the noon close. In the afternoon, prices generally remained steady in426 words
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Article175 1983-07-16 10 nNGAPOU UNIT 1*1 Tbe Conuwrw J.Q Tfce Savtnga Fund LM Spar* Prof Fund 15J S'pare See. Fund 18 S pot* Invest Fund I II S-pcee Equity Fund 1.51 MuowrnnR Mai Invert Fund 2.M Mai Prof Fund LO Mai Security Fund 1J» Mai Ber)aya Fund 1.14 Mai Equity Fund175 words
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COMPANY NEWS
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965 1983-07-16 11 NYT t 7 THE Chrysler Corp's announcement that it will repay within weeks the re- maining USJBOO million of government-guaranteed loans that saved it from bankruptcy just a few years ago is a dramatic indication, as it was intended to be, of the sharp reversalNYT - 965 words
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720 1983-07-16 11 NYT INTEREST rates have moved higher since the mid- die of May and stock prices have edged lower since the middle of June, proving again that rates often call the tune in advance (or the equity markets. But money keeps pouring into the coffersNYT - 720 words
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Article305 1983-07-16 11 Campaay Partlcaiara Ex Date BMka Dutop Est Bonus issue of 2 for 1 Jul 5 Jul 18 Proposed bonus issue i of 1 for 2 NYA NYA PMCaMes Proposed rights Issue of 1 for 7 6 $1.50 per share NYA NYA Oeerge Tm Proposed bonus issue of 10305 words
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175 1983-07-16 11 Reuter THORN EMI PLC said an over 48 per cent rise in UK profits more than compensated (or a 37 per cent decline in the overseas contribution in fiscal 1982/83 ended March 31. Overall pre-tax profit rose to £122 million from £106.4 million onReuter - 175 words
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Article160 1983-07-16 11 THE Ualted MUM» Ratebe r Estate* Bid haa reparted a fall ta greap aretax preflt treat $4-82 milllea te M|L9I rnllHsa fer the year caM April Si, IMS. Peal tax preflt slipped te frein |2JC Here wae a serpfes ea laad aefaWtiea aaiasetlaa te ***** (aeae160 words
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78 1983-07-16 11 Reuter JARDINE Engineering Corp Ltd has been awarded a HKJ2OO million contract to manage the installation of all building services in the Exchange Square Complex in central Hongkong. The contract provides for the supply and installation of heating, ventilation and air conditioning, fire protection,Reuter - 78 words
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1257 1983-07-16 11 Forged share certificates pose one of the major problems to stockbrokers in Malaysia, so much so that they have been accepted as an unavoidable "business risk". Members of the Kuala Lumpur Stock Exchange recently passed a resolution calling on the exchange to look into1,257 words
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Article49 1983-07-16 11 PEGI MiUysU Berhad: AGM to be held at 17th floor, Komplek Kewangan, Jalan Raja Chulan, Kuala Lumpur, on Monday, July 18, at 11am. TDM Betted: Eighteenth AGM to be held at the Cempaka Room, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur on July 18 at 11 am.49 words
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ASIAN STOCKS
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Article382 1983-07-16 11 HONGKONG STOCKS yesterday closed higher though gains were pared by profit-taking in the afternoon. The Hang Seng Index gained 12.77 to end at 1,077J0. Prices opened steady and chartist buying bolstered the market after a wave of early selling. The index ended the morning session on its382 words
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Article523 1983-07-16 11 SHARE prices yesterday closed higher in line with the rise on Wall Street on Thursday, but early gains were eroded by late liquidation stemming from the yen's weakness against the dollar. The market average closed a provisional 15.04 higher at 8,900.02 after rising 31.04 from Thursday's523 words
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Article177 1983-07-16 11 SHARE prices yesterday closed higher in active trading. The Book Club Index rose 0.91 points to 128.81 on a turnover of 60.7 million baht with over 563,000 shares traded. JULY 15 BthU Aakh«jn Thai Asia Mbr* 146 1 AjruUujra ln» And Trust J 38 1 Bangkok Bulk Bank Of177 words
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Article354 1983-07-16 11 AUSTRALIAN stocks yesterday posted their strangest advance in many weeks in heavy trading led by sharp gains among i— *ng resource stocks. The advance followed indications the US Federal Reserve does not intend to take early action to rein in US money supply growth. The market opened strongly and354 words
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Chief Price Changes
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Article173 1983-07-16 12 Rises Indices T Harbour 940 115 July 15 8 P K SaatOSa 358 70 July 14 CASH MX Mifiu Cory* Um HO« 890 575 no 40 25 20 +20 BT Composite: BT Indicator: 929.08 *****30 927.64 *****31 PMC 780 ST Industrials: 960.48 960.63 M«Ua Fmills 280 20 ST Finance:173 words
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Article, Illustration160 1983-07-16 12 Rises SPK Sentosa 384 Bedford 800 C Storage Bbd 368 AISB 480 Ttmuran 810 CASH 920 Text Corp 418 Kamunting 810 Jacks Int 880 C Sugars 1640 Paper Prod 410 MFeedmlDs 320 Roth (M) Bbd 410 +80 +48 +42 +40 +40 +34 +30 +30 +30 +26 +25 +20160 words
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Article145 1983-07-16 12 AP NEW YORK stocks opened mixed yesterday as the market's blue-chip issues quickly turned lower. Car Stocks fell after posting big gains on Thursday, while several drug and and oil issues opened ahead. The Dow Jones Average of 30 Industrials, up more than six points on Thursday,AP - 145 words
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746 1983-07-16 12 Companies Editor: Mano Sabnani MALAYSIAN Resources Corporation Bhd (MRCB) has sold more than $100 million worth of properties so far this year as the company continues its policy of converting land acquired via paper into cash flow and profit generators. MRCB chairman Senator746 words
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365 1983-07-16 12 HOTEL ROYAL, announcing its 1962 results for the first time In the company's latest annual report, has declared a maiden dividend of 7.5 per cent gross. The audited group results showed a 10 per cent improvement in pre-tax earnings to 13.39 million ($3.09 million365 words
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107 1983-07-16 12 PALMCO Holdings has revalued its subsidiaries' land and buildings, resulting in a revaluation surplus of MH4.9 million. In a brief statement to the Singapore and Kuala Lumpur stock exchanges yesterday, the company said the Malaysian Capital Issues Committee has approved the revaluation. However, the107 words
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Article903 1983-07-16 12 EQUITIES yesterday ended the account dully aa prices drifted lower in quiet trading ahead of the weekend. At 3pm, the Financial Times Index was down 3.0 points at 686.2. The market failed to And follow through to Thursday's technical rebound, dealers said. Most leaders were lower, with ICI903 words
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Article253 1983-07-16 12 Reuter REUTERS Ltd has commissioned its auditor to prepare a special report on the company as part of a study on whether to raise cash (or future investment through a share issue, Reuters managing director Glen Renfrew said. The auditor. Binder Hamlyn, was asked toReuter - 253 words
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Article846 1983-07-16 12 Taking Stock... By Hock Lock Siew MANY requests have been made to this columnist to throw some light on developments at Ffcfcer Merita MaJayrfa. And the background to this is talk in the market of a possible change in control. Hence, the volume of transaction inBy Hock Lock Siew - 846 words
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Page 12 Advertisements
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Advertisement16 1983-07-16 12 The New ENCYCLOPAEDIA BRITANNICA 3 unequalled in accuracy, authority and authenticity Call STP Distributors Tel: *****44/*****2816 words
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Advertisement115 1983-07-16 12 fWi SSSBIS H §®Wffß®Ssl The Business Times Senior Appointments Every day, Business Times is avidly read by 50,000 executives in senior and middle management, involved in every industry in Singapore communications, banking and finance, engineering, j construction and industrial, trading J and manufacturing and professional M practice. They are the115 words
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Page 12 Miscellaneous
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Miscellaneous59 1983-07-16 12 OUTLOOK for today: Fair except for morning showers in a few areas. Report tor U bears prtor to 7Jt pm en Jaly IS •t the airport: Maximum temperature 32.1 Associated humidity 55 Minimum temperature 26.1 Associated humidity 90 Hours of sunshine 8.5 Rainfall in millimetres Nil Total rainfall for the59 words
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