The Business Times, 27 August 1983

Microfilm: NL14154
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, AUGUST 27, IMS 60 CENTS
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  • Article
    Analyst expects Dow to hit 1,400 by mid-1984
    447 1 A VISITING Wall Street banker and securities analyst, Dr John Quinn, yesterday predicted the Dow Jones Average, now around 1,185 points, would hit 1,400 by mid-1984. He is confident the Dow would breach this mark, provided US inflation remains low and there
    447 words
  • Article
    MRT team for talks in Tokyo, Europe
    187 1 A TEAM of seven senior officials from the Provisional MRT Authority led by chairman Michael Fam, will visit Tokyo, Paris and London next week for exploratory discussions on concessionary and export financing arrangements. The group will be away for a week. Members will
    187 words
  • Article
    Promet in another China oil project
    456 1  -  OCCIDENTAL CONSORTIUM STAKE By LOH HUI YIN PROMET Bhd is increasing its stake in China's massive and ambitious oil and gas exploration programme. It completed negotiations last week to buy a 6.37 per cent share in an Occidental Petroleum-led consortium which was given exploration
    456 words
  • Article
    Lock icon US banks criticised for lending policies
    418 1 AP THE US Administration has expressed concern that American banks are "redlining" companies in poor countries, making it more difficult for them to borrow money for trade deals. Lionel Olmer, the US Undersecretary of Commerce for International Trade, said in Washington on Thursday that
    AP  -  418 words
  • Article
    Lock icon HK resists move to exclude it from GSP
    149 1 AP HONGKONG is resisting moves to exclude it from the Generalised System of Preferences (GSP) which allows certain goods to be imported duty-free into the United States. The colony's Deputy Trade Director, John Chan, said on Thursday that the GSP had brought
    AP  -  149 words
  • Article
    American group gets Treasury Building deal
    264 1 THE curtain wall of the new Singapore Treasury Building will be installed by the Singapore subsidiary of a US construction group, HH Robertson Company. The contract, worth more than 120 million, is the first curtain wall contract that the company has clinched in Singapore
    264 words
  • BRIEFLY...
    • Article
      Lock icon Egyptian oil prices up
      85 1 Reuter EGYPT is increasing the price of its oil from Sep 1, bringing up the price of its key Suez blend by 25 cents to U5528.50 a barrel, a spokesman for the Egyptian General Petroleum Cooperation said. The spokesman, Hamad Ayoub, said the price of the
      Reuter  -  85 words
    • Article
      Lock icon Dollar rises sharply
      75 1 AFP THE US dollar rose sharply in early trading in London yesterday, after the US Federal Reserve moved to drain liquidity, an indication that the US was holding to its dear money policy. The US currency rose to 2.6565 Deutschemarks from 2.6355, to 2.1598 Swiss francs from
      AFP  -  75 words
    • Article
      Lock icon Recurrent profits
      50 1 Reuter Recurrent profits of all Japanese corporations fell 6.1 per cent to 16,132 billion yen in fiscal 1962 ended last March 31, after a 12.8 per cent fall in fiscal 1961 from 1960, the Finance Ministry said. The declines reflected the recession in Japan and abroad, it said.
      Reuter  -  50 words
    • Article
      Lock icon Drinking problems
      42 1 UPI A WORLDWIDE US Defence Department survey shows illegal drug use is on the downswing among US military personnel but drinking problems have increased substantially. The report was based on responses to questionnaires from 21,936 randomly selected military personnel. UPI
      UPI  -  42 words
    • Article
      Lock icon Political asylum
      50 1 Reuter THE first secretary at the Polish Embassy in Copenhagen has formally asked for political asylum in Denmark, Danish police said. Zygmunt Idczakowski, 60, who was also agricultural attache, had been under police protection while undergoing treatment in the psychiatric section of Copenhagen's university hospital since July 29.
      Reuter  -  50 words
    • Article
      Lock icon Guerillas killed
      60 1 Reuter FIVE guerillas were killed and three wounded in a clash with Israeli forces in the Shouf mountains south-east of Beirut last night, the Israeli Army said. The attackers drove up in two cars and opened fire on an Israeli position near the town of Mukhtara. The army
      Reuter  -  60 words
    • Article
      Lock icon Murder weapon
      76 1 UPI INVESTIGATORS have traced the Smith Wesson .357 Magnum pistol used to kill opposition leader Benigno Aquino to a gunshop in Bangkok. Major General Prospero Olivas said the Smith Wesson Company told Interpol, the international police agency, that its Massachusetts factory shipped the gun to the Thai National
      UPI  -  76 words
    • Article
      Lock icon Export contracts fall
      68 1 Reuter EXPORT contracts concluded by the 13 major Japanese trading houses fell to 1,306 billion yen in July from 1,501 billion in June and were down from 1,607 billion a year earlier, the Japan Foreign Trade Council said. A sharp drop in export sales of plant and
      Reuter  -  68 words
  • Article
    Woes if Singapore had followed monetarist way
    595 1  -  By SOH TIANG KENG THERE would have been mass poverty and the economy would have come to a standstill if Singapore had resorted to comprehensive planning. This point was made yesterday by Professor Lim Chong Yah in a paper on Singapore's economic development.
    595 words
  • Article
    Lock icon Major economies improving
    132 1 UPI THE economies of all major industrial nations except Japan are showing signs of recovery, and expansion is robust in the US and Canada, according to non-profit business research group in New York. The Conference Board's International Economic Scoreboard, which charts economic trends in the seven leading
    UPI  -  132 words
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      242 1 BETTER S E Asia 3rd International Exhibition o» Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel: *****12 IJMIOS THE Federal Reserve has moved to drain reserves from the banking system, reinforcing the view that it is not pursuing a more accommodative
      242 words
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      Page 1 Advertisements Column 2
      174 1 Everyone wants to be in your shoes when you're wearing Etonic Winners go for Etonic Alpha 1, the high performance running shoes designed for the serious runner. Just look at these winning features: Etonic Dynamic Reaction Plate for protection, support and durability Astro-Mesh upper for brcathability and lightness Slip-lasted construction
      174 words
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      0 1 ,}&$|}}|>!&^</'+\{,<-_(@+-%('~.
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      158 1 ASIAPRINT '83 An Interfama organised show Tel: *****12 International Banking Problems? Wfe have the solution. Hongkongßank has over 1,000 offices in 54 countries. A network of branches supported by technology that is among the most advanced in the world. Two facts which mean we can offer a highly efficient, timesaving
      158 words
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      3 1 See page S
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  • BANKING AND FINANCE
    • Article
      Lock icon Drain shows Fed not easing policy
      537 2 Reuter THE Federal Reserve's move on Thursday to drain reserves from the banking system reinforces the view that it is not pursuing a more accommodative policy, economists said. The economists said the Fed was unhappy with Fed funds at 9'/» per cent, the level
      Reuter  -  537 words
    • Article
      Lock icon Bundesbank adheres to course
      371 2 FT THE Bundesbank, the West German central bank, has decided to hold to its monetary policy, refraining from increasing interest rates or tightening credit. There had been speculation that the central bank might toughten its stance a little in view of the continuing strength of the
      FT  -  371 words
    • Article
      BONDS AND LOANS
      329 2 AUSTRIA Electric Power has issued a 15 billion yen, 10-year samurai bond with payment on Aug 31, Yamaichi Securities Co said as lead manager. The eight per cent coupon bond was priced at 99.75 to yield 8.045 per cent. XEROX Corps US$lOO million issue of extendable notes
      329 words
    • Article
      Lock icon Japanese want higher yield on bonds
      264 2 Reuter A SYNDICATE of 33 Japanese banks and securities houses has told the Finance Ministry it wants a higher yield on the Sep 10-year national bond issue than that received in August, banking sources said. The primary yield for August now contrasts markedly with
      Reuter  -  264 words
    • Article
      Lock icon Outstanding loans make up 1pc of assets
      223 2 Reuter OUTSTANDING loans by Australian banks to countries struggling to meet repayments of international debt amount to about one per cent of the banks' total assets, the Reserve Bank of Australia said. The reserve bank said in its annual report it had taken
      Reuter  -  223 words
    • MONEY AND EXCHANGES
      • Article
        GOLD
        294 2 GOLD FUTURES in Singapore yesterday closed firmer in quiet trading in line with the metal's rise in Hongkong. Total sales for the day were recorded at 57 lots while kerb volume was 587 lots. Prompt closed higher at US$420 42l an ounce against $417.50/418.00 in New York. October at
        294 words
      • Article
        Silver quotes
        30 2 New York 12 13B unav 12.20S Zurich 12.63B 12 70S W Itoi Singapore 12J0B 12 30S Closing price* in US dollars a troy ouno Source: Credit Suisse, S'pore.
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      • Article
        Hongkong
        81 2 THE US dollar yesterday softened against most major currencies in late exchanges, following a lower opening in Europe. It eased to 2.6610/20 marks from an early 2.6650/ 57 but was still above New York's close of 2.6570/90. Banknote rates yesterday (HK per 1): US 7.42/7.44 UK 11.05/11.25 Brunei 3.45/3.47
        81 words
      • Article
        Singapore market
        497 2 THE US dollar rose sharply against most major currencies on the foreign exchange market yesterday for the third consecutive day. Traders attributed its strength to higher US interest rates. Against the local dollar, the US unit opened at S$2.1380/90 and within hours had firmed to S$2.1410/20. Soon after,
        497 words
      • Article
        Tokyo
        187 2 THE dollar yesterday closed firm at 244.30 yen in dull trading against the 243.90/ 244.10 finish in New York, reflecting the US Federal Reserve's draining of reserves. Soon after opening at 244.40 yen, the dollar fell to a low of 244.15 on profittaking and light selling by exporters, but
        187 words
      • Article
        ASIAN $
        178 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Aug 26: 7 days 1 month 2 months 3 months 0 months 0 months 12 months US Offer Hid 9k 9k 13/16 911/16 10 91* 103/16 101/16 109/16 10 7/16 1011/16 109/16 1013/*****1/16 Dm. SwJrm. (IfLUL. 1 month 3
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      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.13 per cent.
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      • Article
        Discount
        47 2 RANGE of price* offer* id by discount houses on Aug X: Overnight 3 Call deposits: 2 3 Closing Bsying Selling 3-month Treasury bills 2 9/16 2 7/16 3-month Bank bills 7H 7H 3 months CD 7 6« 0 months CD 7H 7*4 Source: National Discount Co
        47 words
      • Article
        Treasury bills
        50 2 RESULTS oT tender held yesterday (or 91-day Treasury bills to be issued from Aug 29 to Sep 2: Offered: (110,000.000 AppUed far: S155.560.000. Allotted: $110,000,000 Accepted bids: $99.33 approximately 24 per cent; high er bids in full. Average rale af discount aa allotment: 2.650 per cent per annum.
        50 words
      • Article
        London
        101 2 THE dollar yesterday opened over m pfennigs higher than its overnight level in terms of the mark, extending an advance against major currencies. Opening quotes yesterday US 1 4983 93 Can 1 MB 30 Crom 1 2306 08 D Mk 3 9795 9840 DFI-4 4550 96 S FT 3
        101 words
    • Article
      Lock icon Libya seeks financing
      134 2 Reuter LIBYA for the first time is seeking foreign financing for a large domestic project, a nitrogen fertilizer plant in Ras Lanuf on the Gulf of Sirte, banking sources said. The four/ main bidders on the project, which could total US$25O million, have been asked to arrange
      Reuter  -  134 words
    • Article
      Lock icon Credits by Swiss banks fall 7.6pc
      261 2 Reuter SWISS banks' credits to foreign borrowers in the second quarter of this year fell 7.6 per cent from the same period last year, the National Bank said in its monthly report In the first quarter outstanding foreign loans still showed annualised growth of
      Reuter  -  261 words
    • Article
      Lock icon Growing presence of Japan in California
      590 2 NYT MITSUBISHI Bank's US$2B2 million bid for Bancal Tristate Corp clearly underscores the growing presence of the Japanese in California banking. Total Japanese-held banking assets in the state at the end of last year amounted to $7.5 billion, matching those of the California's sixth-largest
      NYT  -  590 words
  • Page 2 Advertisements
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      303 2 UAC BERHAD i 4 (Incorporated in Malaysia) NOTBCE TO SHAREHOLDERS The Directors are pleased to announce the following unaudited Turnover $85,83! Profit Before Taxation 13,291 Taxation 6,165 7,126 Minority Interest 16 Profit For The Year Attributable To The Shareholders Of The Company 7,142 PROPOSED FINAL DIVIDEND 15,325 At the Annual
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      Page 2 Advertisements Column 2
      51 2 THE MACDONALD ENCYCLOPEDIA OF FLOWERS #TREES m Over 500 examples with full colour illustrations. > Handy visual guide to blooming seasons. Cultivation requirements •Glossary Index. SP N II thr ver 350 in full ncise infor tion and c( Index. Aquaria Shells lei DERAL PUBLI irong Port Road, S lember of
      51 words
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  • TRADE AND INDUSTRY
    • Article
      Trident to display new computer at Asian Energy '83
      341 3 THE use of the computer in energy management is among the new technology to be demonstrated at Asian Energy '83 at the World Trade Centre on Sep 6 to 9. An American exhibitor, Trident Energy Systems, has just completed the development
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    • Article
      Metro group gets Sperry system distributorship
      265 3 THE Metro group has acquired the distributorship of the System 80 range of mainframe computers made by Sperry Corp of the US. With this new agency, the Metro group now offers in the Singapore market the hardware and software of all the three grades
      265 words
    • Article
      VITB needs to recruit 600 more staff
      229 3 THE Vocational and Industrial Training Board needs to recruit 600 training officers and instructors over the next three years as it expands its training capacity from 11,000 to 24,100 places by January 1986. At the first VITB Instructor Training Centre (VITC) graduation ceremony
      229 words
    • Article
      Two-day symposium
      86 3 A TWO-DAY symposium on applied research and its management will be held at the National University of Singapore from Aug 31. Organised by the Faculty of Science and sponsored by Esso, the conference will be opened by Dr Tay Eng Soon, Minister of State for Education at Lecture
      86 words
    • Article
      Packaging competition draws only two entries
      626 3  -  By RICHARD SEAH NOBODY WON. But then, any winner at this year's Singapore Packaging Competition would have little to gloat over, since only two entries were received. The organisers, the Packaging Council of the Singapore Manufacturers' Association, had expected between 20 and 30 entries.
      626 words
    • Article
      TRADE TALK
      212 3 THE Singapore Institute of Standards and Industrial Research will be conducting a course on ultrasonic testing of materials (with emphasis on weld inspection) from Oct 10 to Dec 2. The 80-hour course deals with materials testing in general, such as ultrasonic thickness gauging, ultrasonic examination of welds, forgings,
      212 words
    • Article
      Crime and suicide on the rise in Singapore
      413 3 SINGAPORE'S rapid economic growth during the past two decades, while leading to a higher quality of life, has resulted in a rise in suicides and crime. Crime has been on the increase since 1987, according to Professor Lim Chong Yah in his
      413 words
    • Article
      Five Jurong estate car parks to be converted
      362 3 THE Housing and Development Board is converting more than 10,000 free car and motorcycle lots in five of its Jurong estates into paying lots. The estates Pandan Gardens, Teban Gardens, Boon Lay Estate, Taman Jurong and Sembawang were formerly managed by the
      362 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      326 3 EitoriaL..page C w Rio: PiageTs distinctive sports range Available only in 18 karat gold. Piaget offers nothing but the best: a solid gold sports watch distinctively named the Polo. Every part of the Polo the case, the dial, the individual links, even the tiniest screw is carved out of pure
      326 words
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  • OVERSEAS
    • Article
      Lock icon VTRs likely to be top earner in Japanese electronics
      528 4 AFP VIDEO tape recorders (VTRs) are likely to be the Japanese electronic industry's top money-earner for the rest of this decade, industry executives forecast, as plans went ahead for boosting output. Already last year VTR output exceeded that of colour television
      AFP  -  528 words
    • Article
      Lock icon Beijing expands trade with Afro-Asian states
      422 4 Reuter CHINA is expanding its trade with developing Asian and African nations for political reasons as well as to ensure essential commodity supplies and markets for its manufactured products, Western and Chinese economic analysts in Beijing said on Thursday. Chinese foreign trade official, Rong
      Reuter  -  422 words
    • Article
      Lock icon Hongkong's recovery expected to continue
      306 4 AFP HAVING notched up a 9 per cent real growth in exports in the first half of this year, Hongkong's export-led recovery is to to continue for the next six months. A half-yearly report released by the government on Thursday said: "As the economies of
      AFP  -  306 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      797 4 ARRIVALS %$-M' Servict Local Operator Number fine From SIA PAA FT sqii pas FT71 0010 0015 LAX/TYO JFK/SFO/HKG JFK/ORD/ANC CAL MAS MAS MAS SIA RBA MAS CPA GIA SIA SIA THAI MAS MAS GIA SIA SIA SIA SIA GIA SIA GIA KLM THAI SIA UL CPA MAS
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    • Article
      Lock icon New Delhi may step in to force share transfer
      247 4 Reuter THE Indian government will intervene if Indian companies continue to refuse to transfer shares bought in them by Indians living abroad, Indian Finance Minister Pranab Mukherjee told Parliament. Two Delhi-based private companies have refused to transfer shares purchased by non-resident
      Reuter  -  247 words
    • Article
      Lock icon US nuclear arms stockpile at lowest level
      237 4 AFP THE US stockpile of nuclear arms has sunk to its lowest level since the *****, while the Soviet arsenal has grown "without interruption", the US Defence Department said in a communique in Washington. Even if the Geneva talks on strategic arms reductions
      AFP  -  237 words
    • Article
      Lock icon Indian textiles losing export markets rapidly
      334 4 Reuter INDIAN textiles are fast losing their export markets because of their high prices and poor quality. The Cotton Textiles Export Promotion Council (Texprocil) chairman, Rami Mehra, said in Bombay yesterday that textile exports in the fiscal year 1963/84 ending March might not achieve
      Reuter  -  334 words
    • Article, Illustration
      Lock icon Taro San may be Japan's Uncle Sam
      74 4 AP Photo TARO SAN (left) may come to symbolise Japan much as Uncle Sam represents the United States. That is what the cartoon figure's creator, Mr Ranan Lurie, an editorial artist at the mass circulation Japanese newspaper Asahl Shimbun, hopes. Mr Lnrie said
      AP Photo  -  74 words
    • Article
      Lock icon Need for KL to depend less on oil for power
      173 4 AFP MALAYSIA'S heavy dependence on oil for electricity generation should be reduced as early as possible and special consideration given to gas and hydro alternatives, an energy seminar in Kuala Lumpur was told. The chief engineer of the Malaysian National
      AFP  -  173 words
    • Article
      Lock icon Malaysia to modernise transportation system
      379 4 Bernama MALAYSIAN Deputy Prime Minister Datuk Musa Hitam says his government is drawing up plans for a 20year programme of modernising the country's railway system. He told a group of Japanese journalists in Tokyo that Malaysia has to modernise its transportation system road, air and
      Bernama  -  379 words
    • Article
      Lock icon Tin smuggling report said to be incomplete
      158 4 Reuter THE Malaysian government does not regard the International Tin Council (ITC) re-., port on tin smuggling in South-east Asian producing countries as comprehensive, government sources said. The report, released on Wednesday, said smuggled tin accounted for about 22,500 tonnes of tin concentrates,
      Reuter  -  158 words
    • Article
      SHIPS IN PORT
      936 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdnt FCL Locatk Anson *****N 28.8.83 0700 Heap Seng TA 3 0700-0800/1400-1600 B2/B2 Java Winds 303 28.8.83 1500 Or Seawlnds TA 3 0900-1100/2000-2200 B7/B7 Arnold Maersk 8309 28.8.83 2300 Maersk 51 0700-0800/1400-1500 Ll/Ll Cecllle Maersk
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    • Article
      Oil exporters seek alternative shipping options
      287 5 OIL-exporting countries of the Gulf region were reported to be exploring seriously the feasibility of seeking alternative shipping options to counter the eventuality of Iran making good its threat to block their vital tanker route. Iran last month threatened to block Gulf oil exports
      287 words
    • Article
      Lock icon American single family home sales fall by 4.4pc
      252 5 Reuter EXISTING single family home sales in the US fell by 4.4 per cent in July to a seasonally adjusted annual rate of 2.81 million from 2.94 million in June, the US National Association of Realtors said. The decline was the first
      Reuter  -  252 words
    • Article
      Lock icon Tokyo to take steps to increase imports
      174 5 Reuter THE Japanese government will unveil a package of measures aimed at increasing imports next month to try to stem growing complaints about its imbalance of trade. Industry minister Sosuke Uno said in Tokyo yesterday that since Prime Minister Yasuhiro Nakasone took office
      Reuter  -  174 words
    • Article
      Lock icon Reagan's cuts in welfare spending criticised
      163 5 UPI PRESIDENT Reagan and Congress slashed US federal spending for social and welfare programmes by 7 per cent in the past three years, with the largest cuts hitting households with annual incomes less than US$lO,OOO, the Congressional Budget Office said. House of Representatives Speaker
      UPI  -  163 words
    • Article
      Lock icon OECD says demand for steel will remain weak
      187 5 AP DEMAND for steel will remain "very weak" in most parts of the world this year and production in the noncommunist industrialised nations is unlikely to recover after last year's drop. The Organisation for Economic Cooperation and Development predicted yesterday in Paris
      AP  -  187 words
    • Article
      Lock icon CFP-Paribas accord soon
      355 5 Reuter THE last step in the French government's chemical industry restructuring plan is expected to be finalised by the middle of next month. It is believed that an agreement on the takeover by CIE Francaise des Petroles (Total) of a fertiliser company controlled by state-owned Paribas will
      Reuter  -  355 words
    • WORLD IN BRIEF
      • Article
        Lock icon SHIPYARD STRIKE ENDS
        385 5 Agencies A STRIKE by 17,000 shipyard workers in Newcastle, England, which stopped work on a new British navy destroyer ended yesterday when the men voted to return to their jobs. Trade union officials said the strike began on Wednesday when 270 workers downed tools in a row
        Agencies  -  385 words
    • Article
      Lock icon US net international investment slows
      314 5 AP THE United States' net international investment position grew by US$l2.2 billion last year, the smallest increase since 1978, the US government said. The gain 7.8 per cent over the previous year brought the position to $168.6 billion, according to a Commerce Department report. It
      AP  -  314 words
    • Article
      Lock icon German car recovery exceeds expectations
      387 5 Reuter THE recovery in the West German car market, which began in autumn 1982, is now far stronger than expected at the beginning of this year, Horst Backsmann, president of the industry association, VDA, said. He said in Frankfurt that car sales in West Germany
      Reuter  -  387 words
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      Page 5 Advertisements Column 1
      334 5 Diplomat: PiageT's 15 year classic. Available in limited editicos only. .15 years ago when the first Piaget Diplomat was introduced, people held their breath in awe. For it seemed an impossible feat in those days to produce a watch of such slim elegance. The original 2mm slim mechanical movement Even
      334 words
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  • Article
    An interesting observation
    499 6 SUICIDE and crime increased in Singapore along with economic growth and development. If anyone said that to a Singaporean audience, not many would have been surprised. But Profesor Lim Chong Yah probably raised a few eyebrows when he pointed that out at a conference at Sussex University,
    499 words
  • Article
    Lock icon Japanese are tops again, says study
    829 6  -  By DAVID SANGER NYT THERE has been no lack of studies showing that Japanese cars and electronic equipment are generally higher in quality than their American competitors. But now comes a Harvard Business School study that has American room airconditioner manufacturers up in arms
    NYT  -  829 words
  • Article, Illustration
    Your friendly underground
    973 6  -  When RICHARD SEAH was in France recently, he was able to study firsthand the workings of the metro systems. In Lyons, a city southeast of Paris, he discovered the 'friendly' metro one which is considered among the world's most modern. Singapore's MRT will be even more modern
    973 words
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      368 6 IC TIMES CONFERENCES A Presents A TOP LEVEL CONFERENCE ON MEASURING AND MINIMISING CORPORATE FOREIGN EXCHANGE EXPOSURE RISK IN MALAYSIA H SEPTEMBER. HIS 3 hi \LA LI >11*1 R. M \LAYSI CONFERENCE CHAIRMAN SPEAKERS SUBJECTS .M. [)r Raja Lope bin Raja Shahrome, Senior (ieneral Manager, International Banking. nited Malayan Ranking
      368 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      766 6 -IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 9 Never put in minced meat: not I! (2, 2, 4) 10 Buddy, turn round (3) 11 Look after the little terror and spoil (6) 12 Bets they're fighting a war (6) 13 Be entitled, as ever, to run after the man (7) 14 Said
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  • Article
    Lock icon Can recovery continue?
    948 7  -  By GRAHAM STEWART Reuter BRITAIN's flickering economic recovery shows signs of fizzling out as a gloomy picture emerges of one in every seven people living below the poverty line. Economists are questioning whether Prime Minister Margaret Thatcher's much-heralded recovery, nurtured by a spring consumer boom, can be
    Reuter  -  948 words
  • Article
    Lock icon TV moves into the era of high definition
    634 7 IRD LOOK closely at your television set, and you'll see lines 525 of them in the United States across the screen. The lines become much more obvious in a largescreen or projection TV, and greatly limit the quality of the picture that
    IRD  -  634 words
  • Article, Illustration
    Saying it louder
    185 7 OVERHEARD: "Money still talks, of course, but these days, it takes so much to say so little." THE Rasa Sayang Hotel in Penang is celebrating its 10th anniversary with a once-in-a-lifetime special offer. For a start, the guest's age is worth one Malaysian dollar for every year.
    185 words
  • Article, Illustration
    Lock icon Flip through the floppy diskette
    695 7  -  By ANDREW POLLACK NYT THE next thing to be computerised might be the computer magazines themselves. A few magazines will soon have floppy disks containing computer programs to accompany the printed articles. In some cases, the entire magazine will be distributed on the floppy diskette
    NYT  -  695 words
  • Article
    Covering your bets on commodities
    815 7  -  By DAVID YOUNG THERE are easier ways of losing money than playing the commodity markets, but not many. At the same time, trading in commodities, especially commodity futures, does offer the opportunity to make very substantial profits. In short, commodity trading is most definitely a
    815 words
  • Article
    Expatriate Investment
    248 7 OFFSHORE COMMODITY FUNDS Size of fund (m) 7 Yrs 5 Yrs 3 Yrs 2 Yrs 1 Yrs Britannia Gold Fund US$6 7 1,519 2.181 Commodity Futures Fund Ltd £1.2 2.451 1.232 1,351 1.202 Curzon Trust £0.1 889 CAL Commodity Currency £2.0 959 807 CAL Metals Fund £0.8 1,074
    248 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      63 7 Graves, Inci THAT'S mi?, whauy r I JUST R£ALIZ£P that rve lost TWEKTV RXWPS WW/ HOW'P •iOU oo WERCISt ANP WILL POWtR By Pat Brady NO, I U.FT MV LUNCH BOX ON THt SU&rtAY THIS /WJPNifka BriStcW.'Franic Dickens m m IT VjJRS UißlTnc/4 \N TV4£ Ticne. ON TV4£. I FlglWS
      63 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      708 7 1 00 PM Opening folowed by Sesame Street Letters M and L and the number 7 are introduced 2.00 Doctor Snuffles 2.25 Coronet Fin Beginning ResponsMty: The Broken Bookshop 2.40 Saturday Matinee Buck Rofers in the 25th Century (r) 4.20 Soccer Quadranfular Final Smgapore vs Pahang 5.10 Bintanf Undangan Rafeah
      708 words
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      Page 8 Advertisements Column 1
      359 8 Where to wine, dine and entertain H with the American Express Card BBHH. If you don f alread Y the Card, call *****33 for an application form" "Let's have i Nmyawod \jt this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers.
      359 words
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      Page 8 Advertisements Column 2
      198 8 I f'i*JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. < )/>,••! 1 fii»,n >' r"I h U) j> m in <<)/) ft, lor rcscrratiohs -s call /A/^)()/ (iiinr\ I \*irk *->11<'r;il< ui *-ti nii:i| »< »r« I here's more to this be;mt\ thiin meets the eye. vs
      198 words
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      Page 8 Advertisements Column 3
      251 8 A --,1 t a (2 c Discotheque We re blasting off tonight and every night at Para Wave Discotheque Take off to the stars groove to the pulsating rhythms spun by the dynamic music makers, Solosa Sound Services Buslnaas Hours First Drink Charge: Wsskdsys Sundays: 9pm 2am, $17 00 Fridays.
      251 words
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      Page 8 Advertisements Column 4
      180 8 Jazz up your favourite drink with the LouisTanThree-O. BUNGE Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounf?e. Even night/" It's the nicest way to jazv It up your favourite drink. A vi nap SunJ J> A great place to be. lit r jt Dine
      180 words
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      Page 8 Advertisements Column 5
      213 8 (Resort to out' Superb cPi/Ls/m CTljr f; fHcbaUion <P>riU a 3 I real vouimH loom famous Prime Kilt !>«•« I in low n>« i on a SiKt i \Vai;oii. I nuiml io ihf li\t rnu-riainiiK iii o\ idt ti l»\ iln i tipj no hand th< orpu/ I I io"
      213 words
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  • RAW MATERIALS
    • Article
      PALM OIL
      130 9 THE Malaysian crude palm oil market yesterday eased on profit-taking and pre-weekend selling in moderately active trading. In Aug, north fell Ms3o to M 51,200 a tonne while in Sep, south lost Ms2s to M 51,225 and central Mss to M 51,230. Oct saw south fall MJ4S to
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    • Article
      SOYBEAN
      200 9 SOYBEAN futures in Chicago on Thursday closed 11 '/2 to three UScents a bushel higher, off the day's limit gains, in active trade. November traded in a 37-cent range. Prices opened limit-up on rumours that Brazil was restricting exports of soybeans and products. But the foreign trade department of
      200 words
    • Article
      WHEAT
      161 9 WHEAT futures in Chicago on Thursday ended unchanged to V/* US-cents lower in quiet trade. December traded in a 12 '/2 -cent range. Though prices initially traded higher in sympathy with soybean futures, quiet domestic and export markets weighed on values. The Multi-National House bought 2.3 million bushels of
      161 words
    • Article
      LONDON MARKETS
      1077 9 COFFEE: Futures yesterday ended the morning session with losses from Thursday night of £1 to £12 a tonne following sterling's recovery against the dollar. Turnover was 827 lots including 65 crosses and three options. Most active November last traded at £1,705, £5 below Thursday night's offered close in
      1,077 words
    • Article
      Produce exchange
      163 9 CHINESE Pradaee Exchange, Singapore, naan cMag price* per lMkg yesterday. CacMat all; Bulk fob $135.00 nominal sellers, old drum (in second hand drum) fob $148.00 nominal sellers, new drum fob $152.00 nominal sellers. Capra: Mixed (loose) $80 nominal buyers. Pepper: Muntok white pepper fob Asta NLW $347.50 sellers,
      163 words
    • Article
      TEXTILES
      198 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettaa yam: China Blue Phoenix 20s 2,690; 32s 3,600, 40s 3.800 (per bale of 400 lbs). Pteee geede: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      198 words
    • Article
      RICE
      324 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN. A-super 0 60, Special
      324 words
    • INTERNATIONAL STOCKS
      • Article
        New York finishes mixed
        925 9 HELPED by a feeble late rally in blue chip issues, the stock market on Thursday closed mixed in continued light trading as investors focused their attention on yesterday's announcement of the latest money supply figures. The rally, which nearly reversed itself by the close, helped the
        925 words
      • Article
        TORONTO
        178 9 AUO 25 Abltlbl a MM -H -H unch Hud Bay Mln Imp CM1 Ineo 36* 1»* A1 torn a Bank Mont Bank Nova Scotia 30 26 S 38 Int Pro* Pipe Int Ut» InU Nickel KerT Add 35* 1»* 21 H -H unch BP Can Ltd Braacan Camp Red
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      • Article
        JOHANNESBURG
        279 9 AUO 25 Rind INDUSTRIALS Trust Bk Un Steel Unlaec Wool worth 215 125 530 ***** unch unci) -5 A Alpha Abercom AE And CI Amaprop 875 26 900 485 -25 10 •10 4} MININGS AMIC 3125 unch Anglos Anflvttl 2380 unch Barlows 1230 •10 1875 C O Smith Z250B
        279 words
      • Article
        Amsterdam
        187 9 AUG 25 ABN Ahold Akxo AMEV Anlu Amrobnk n« 7540 12X30 MOO 50 TO -3 -15 -13 •13 unch -08 Bergoss Berk Boll Bortucer Boska Burtet 28 10 9620 207.00 -04 -13 -1 13 -08 C aland CaJv 35 50 unch Dell Mlj Elsevier Ennta F«h Fokker Ford 70
        187 words
      • Article
        Paris
        193 9 AUG 25 Fn CORBEILLE Alr-Uqulde 483 B S N Gernti -a GROUP B Carre four 1380 financier* de L "Union 73.10 Lafarae SO Moet-mnn—j ith Oofi-Parlbaj 140 -S 06 -1J -12 -03 C S F (ThomsonCaf)_ Cle PnnctlK des Petrolei Credit Fonder De France 1(1 -10 ♦i Penarrojra Radio
        193 words
      • Article
        Frankfurt
        89 9 AUG 25 Dm Hoeclut ***** unch Aef-Telefunken BASF Bayer BMW 7140 isno 05 -0 6 Hoeach Horvn KanUdt 4850 ***** 333.00 ♦0.4 -3 148 90 MI JO -0.3 -OS KHO t tnAm M4J0 3BL00 OJ Commenbanl Conn Oumml ***** ***** -OJ -0 8 Mannesman Preuaaac ***** 337 00 -12
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      • Article
        Brussels
        78 9 AUG FT* FORWARD MARKET ACW (UK A Or Bru Lamb Hobo* Prtm Rjl Dutch SMro ffitt Arbtd 1348 -4 Soe Oen Be If 1915 -30 Astur 500 unet) 4 5 Soflna 5010 -90 Bructn ,540 Sol ray A 3105 .35 Ctnptc 2045 10 V Mont MIS Cock De Been
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      • Article
        Zurich
        190 9 AUG 25 Prancs Actions Sulsaes 288 00 -4 Alusulsse Br 77* -20 Alusulsse Reg *57 2 Brown Boverl Br 1306 5 Ciba Ortgy Br 2000 -IS ClDa Of ify P C 1640 unch CIO* Gelfy Rm 110 -2 Credit Suisse Br 2165 -10 Credit Suisse Ref M Elektrowatt Br
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      • Article
        Milan
        98 9 AUG 25 Ure Butofl Bel Ontrai* Ord 246 50 5 ***** 2021 -50 -45 Cond Acqua Roma Erldanla rial Ord MS 50 >200 3234 25 -00 -11 -000 *56 Oeiverall Oim Ifl Prl» *****0 3510 In»wt 5081 2M0 -50 tlalcemenli Ord ltal C a* LepeUi Ord ***** 1000 *****
        98 words
    • Article
      Rubber trades quietly within narrow range
      338 9 SPARSE trading conditions continued as levels fluctuated narrowly within a three-cent range, Catter, Bath Ca said in its review' of the Singapore and Malaysian rubber markets for the week ended Aug 25. Fresh factors were lacking, and current One RSS finished 1 Vi cents
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    • Article
      RUBBER
      238 9 THE RUBBER market in Singapore yesterday closed slightly easier with September One RSS buyers quoted at 238.75 cents per kilo, down a quarter cent from Thursday. After opening marginally lower, prices eased narrowly on some profit-taking before light buying interest emerged to check the decline. Afternoon levels continued to
      238 words
    • Article
      CLOSING PRICES
      32 9 Rubber: Aug 26 Singapore: September 238.75 cents (down 0.25 cent) Malaysia: September 265.00 cents (down 1.50 cents) Tin: M $30.25 per kilo (up 2.00 cents) 115 tonnes (up 10 tonnes)
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    • Article
      RAS PRICES
      326 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f.o.b. 236.00 237 OON Int. 1 R.S.S September 230.00 239.50 lat. 1 R.S.S October 243.00 243.50 lat. 2 R.S.S. 230.00 232.00N UK Coot 229 00 231.00N lat. 3 R.S.S 2X 00 228
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    • Article
      SSR and SMR
      119 9 NOON SSR and SMR prices ymi terdey RAS SSR 20 ssr so (1 too pellet) (1 lor pallet) September (Carreat MtV Bayers Seller* 209.00 211 00N 207 00 20S0QN October a 1 Forward Mtfc) Bayers Sellers 210 50 212-SQN 209 JO 211 SON MRELB Septal -ber October
      119 words
    • Article
      Straits Tin
      81 9 THE Straits tin price in Penang yesterday rase two cents to M53t.25 a kilo, within the ITA lower range of M 529.15 and M$32.K. The rise was attributed to the buffer stock manager's (BSM) support at the higher levels. Sentiment was boosted by the firmer overnight London close.
      81 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      177 9 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME I, Carol Wong Foong Keng of 1 Jalan Samulun, Singapore 2262, hereby give notice that in consequence of the purchase of the vessel "MG 338-2" by Escolsing Pte Ltd. of 79 Robinson Road, CPF Building #20-05, Singapore 0106, I have applied to
      177 words
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      Page 9 Advertisements Column 2
      6 9 See page 11 for Asian stocks
      6 words
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      Page 9 Advertisements Column 3
      82 9 KK Seet pulverizes the stereotypic notion of dry-as-dust corporate history and chronicles a human, occasionally humorous, story of the Singapore National Library against the sweep of Singapore history incorporating a wealth of portraits, figures comic or sublime, but always engaging. This is a definitive account of the birth and development
      82 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3501 10 BID and offer prices officially listed and huajnrai in and reported to the Stock Exchange of Singapore yeathe number of share* traded shown in brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are "ijAted after the word
    3,501 words
  • Article
    SHARE INFORMATION SERVICE
    3517 10 IMS High Low Company Last Sale orGr*s Div Div Cvr Gr*s YTd Net P/E Vol cooo) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL an 364 xn 300 410 iao 300 306 366 on 530 536 3060 535 214 940 566 am 460 473 1190 310 an
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  • Article
    In Kuala Lumpur
    2262 10 BID and ctftr price* officially lined aul 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 INDt/STIUALS HJsißlti (3.428) Aietm (2 93B)(5) 2» 2.91 (1) 2 SO (7)
    2,262 words
  • Article
    Market gains back losses
    872 10 THE 81agapare stack market yesterday wltaeaaed seme aerveas price flaetnatieas la selected eeaaters bat the market aa a whale maaaged te reeaver la the afteraaaa. lasiag Issaes eataeered gaiaers by 1» to 48 ea lacreased velame sf 1SJS mllUen shares, ap tram Thursday's 15.15 milttea sharee.
    872 words
  • Article
    Quality issues soar in KL
    528 10 THE Kuala Lumpur stock market rose to another alltime high yesterday as better quality counters, particularly Esso and Shell continued to attract strong buying support. Reflecting this, the 30counter New Straits Times Industrial Index put on 5.96 points to 1409.15. Share prices started on a
    528 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Berjaya Kawat to rationalise its operations
      396 11 BERJAYA Kawat Bhd is pursuing a programme to rationalise its operations. This includes putting new services and products on the market and making related investments. Chairman Haji Abdul Rahim bin Abu Bakar, identified this as the options available in the face of weak demand
      396 words
    • Article
      Malaysian Plantations improves at group level
      209 11 MALAYSIAN Plaatatieas Bhd, a subsidiary si DuUp Estates BM, hu achieved mack better resalts at the greap level fer the half-year eaded Jsae SI, IMS. Hewever, preflts at the eempaay level fell fiitc slpUeaatly. Uaaadlted greap pre-tax preflts shewed a hefty <8.1 Ceeat rise
      209 words
    • Article
      DIVIDENDS ANNOUNCED
      721 11 Carroat Ex Beaks Date Tatal far Tatal far A BN Payment Date Claae Payable the year Prevtoas year 26% 13%I NY A NYA NYA 13% Atom 2'/4%I Sep 15 Sep 27 Oct 25 2Mi% 5% AtoiHMgs 6%<b) Sep 12 Sep 19 Sep 28 6% 6% Amai Steel 6%TE(b)
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    • Article
      SCRIP ISSUES
      381 11 CNDpuy Bedford Particulars Proposed bonus issue Ex Date B«*b Clue Baldt Kattl of 1 for 1 NY A NYA Proposed bonus issue C Sugars of 1 for 1 NYA NYA Bonus issue of 2 for 1 Sep 7 Sep 19 Aug 30 FAN Bonus issue of 1 for
      381 words
    • Article
      Sim Lim counting on properties for growth
      642 11  -  »y LIM SOON NEO SIM LIM Investments Ltd is looking to its property activities to spearhead the group's growth in the near future. Executive director Mr Stephen Kwik said that in the 1984 financial year, property activities will account for about 70 per
      642 words
    • Article
      International ROUNDUP
      486 11 OVERSEAS portfolio Investments by Japanese Investors have been increasing steadily in recent months, reflecting differentials between Japanese and foreign interest rates, securities sources said. Bond yields in the US and Canada are currently around 11.5 per cent, in Britain 11 to 12 per cent and in Australia over
      486 words
    • ASIAN STOCKS
      • Article
        Prices little changed
        431 11 HONGKONG STOCKS yesterday closed little changed from Thursday's levels after moving narrowly througbdit, brokers said, adding business was thin and slow. The Hang Seng Index closed off 0.11 points to 961.80. The four stock exchanges In Hongkong will now be closed for local holidays and reopen on
        431 words
      • Article
        Tokyo shares end mixed
        398 11 SHARE prices yesterday closed mixed in light, featureless trading. The market average gained a provisional 2.47 to 9,145.54 on a volume of 300 million shares. The Tokyo Stock Exchange closed at 677.60 down 0.09. The second market finished higher on a turnover of 12.5 million shares.
        398 words
      • Article
        Manila
        136 11 SHARE prices yesterday closed easier with turnover at 4.68 million pesos, up from 2.56 million on Thursday. The Commercial and Industrial Index fell 1.78 to JlO-Si, Mining 20.04 to 1.356.66 and Oils 0.022 to 1.071. AUG 2g Peaa Aco)* Mining Anglo Phil Apex Mining B AUu Con B *013
        136 words
      • Article
        Bangkok
        127 11 AUO 26 Aothtn Thai Bahts Slam Cement Slam Cltjr Cement an 308 -4 Asia Fibre Ajruthaya In* And Troat Bangkok Bank Bank Of Ayudhaya Ltd Bala Shoe Berll Jucker Charoonc Thai liflr. IS m unch unch Slam Credit South Asia Fibre Thai Commercial Bank Thai Danu Bank Thai Farmers
        127 words
      • Article
        Sydney
        402 11 AUSTRALIAN shares yesterday recovered after falling substantially in early trading to close virtually unchanged. At 1500 the All-Ordi-naries Index was down 0.8 points at 696.7, All-Re-sources was down 0.9 at 577.8, All-Industrials was off 0.7 at 843.7. Brokers attributed the recovery to strong buying from bargain hunters, indicating the
        402 words
    • Article
      Unit trusts
      173 11 ftUaagen' prteM f*r Amg H/» SINGAPORE I'NIT TB18T The Commerce 3.48 3.70 The Savings Fund 198 2.10 S'pore Prog Fund 1.57 1.87 S pore Sec. Fund 2.27 2.41xd S'pore Invest Fund 1.15 1.22 S'pore Equity Fund 1.53 1 62 ASIA UNIT TBU8T Mai Invest Fund 2.87 3.04 Mai
      173 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      444 11 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 65 Chulia Street #19-00, OCBC Centre. Singapore 0104, on Monday, 26th September, 1983 at 12 o'clock noon for the
      444 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      164 12 Rises Indices Sanyo 550 +114 Shall 980 40 Aug 25 Aug 26 New Serendah Seacorp Eaao 342 1210 32 30 30 BT Composite: 943.80 939.18 1110 BT Indicator: *****77 *****71 Temerloh 500 30 ST Industrials: 992.62 988.57 H Laoig Credit 790 ST Finance: 2687.32 2692.82 S P Textile Toakiba
      164 words
    • Article, Illustration
      KUALA LUMPUR
      184 12 Rises 80 Indices Sg Bagan 1020 Esso Ord 1250 +50 Aug 25 Aug 26 Seacorp 1330 50 MBT Indicator: *****27 *****85 Choc Prod 700 35 NST Industrials: 1403.19 1409.15 Kluang 1250 30 NST Finance: 2521.73 2537.58 Inch K K 1400 30 NST Hotels 659.75 659.88 CCM 550 20
      184 words
  • Article
    Profits fall at High & Low due largely to price drop
    231 12 Profits fall at High Low due largely to price drop HIGHLANDS and Lowlands Bhd, which reported slightly lower earnings at half-time, has explained that this was largely due to lower palm products prices. High and Low said the ex-mill price of palm oil was 18.9 per cent lower at M
    231 words
  • Article
    Lock icon LATEST
    90 12 Reuter DUNLOP Estates Bhd haa reported gronp net profits of Mff.sl ($4.13 million previously) for the six mouths ended June 31, on a turnover of $59.37 million ($48.54 million). He profits Include an extraordinary gain of $1.98 million (gain 31.81 million). l*e company is paying an Interim dividend of
    Reuter  -  90 words
  • Article
    LONDON STOCKS
    906 12 THE market closed mixed yesterday after a quiet day's trading, dealers said. At 3pm, the Financial limes Index was unchanged from Wednesday's close at 725.6. Attention was generally focused on special situations, otherwise interest was minimal. Barclays Bank rose 22p to 509p, after 512p, following better than expected
    906 words
  • Article
    Lock icon Dow Jones lower
    77 12 AP THE NEW YORK stock market gave ground yesterday amid revived concern over interestrate prospects. The Dow Jones Average of 30 Industrials fell 5.99 points to 1,179.07 in the first half hour. Losers took a 7-6 lead over gainers among New York Stock Exchange-listed issues. Analysts said
    AP  -  77 words
  • Article
    Selected Indices
    56 12 H.K.HANG SENG Friday 061.80 Thursday 981.91 Week Ago 900 28 AUSTRALIAN INDUSTRIALS Friday 843.7 Thursday S44.3 Week Ago 828 8 ALL ORDINARIES Friday 866 7 Thursday 897.7 Week Ago 884 8 FINANCIAL TIMES INDUSTRIALS Thursday 717.4 Wednesday 716 6 Week Ago 738.9 DOW JONES AVERAGE INDUSTRIALS Thursday *****6
    56 words
  • Article, Illustration
    MBF plans to make M&G top insurance underwriter
    568 12 IH Companies Editor: Mano Sabnara MBF HOLDINGS Bhd, which is taking over the Malaysian operations of Malayan Motor A General Underwriters (MAG), has lined up plans to transform the latter into one of the top general insurance underwriters in Malaysia. MBF managing
    568 words
  • Article
    EAI plunges into the red
    418 12 ELECTRICAL and Allied Industries Bhd, which recently saw a change in control to First Holdings Sdn Bhd, has plunged into the red. For the year ended March 31, 1983, EAI reported a pre-tax loss of MJ1.77 million against a small profit of $430,000 in 1962.
    418 words
  • Article
    Menang chalks up M$10m interim
    186 12 MENANG Corporation (M) Bhd has turned in group pre-tax profits of M 510.20 million for the first six months ended June 30. 1963. This was achieved on group turnover of $23.88 million. No comparable figures were available at the group level for Menang, which was
    186 words
  • Article
    Instructions for Hwa Hong rights issue
    182 12 HWA HONG shareholders who want to accept the company's rights issue must send their allotment form together with payment to its registrar before 4pm on Sep 29. Otherwise, the allotment would be deemed to have been rejected and the rights shares will be allotted
    182 words
  • Article
    Lock icon Merger approved by SHK shareholders
    154 12 Reuter MINORITY shareholders of Sun Hung Kai Bank Ltd and Sun Hung Kai Securities Ltd approved the proposed merger of the two firms to form a new holding company at two extraordinary general meetings. Under the terms of the scheme of arrangement, the new company.
    Reuter  -  154 words
  • Article
    COMPANY BRIEFS
    103 12 OVERSEA-CMmsc Banking C«rp*r>tlM will hold an extraordinary general meeting at noon on Sep 26 at the OCBC Centre to seek shareholders' approval for its rights issue. Its books will be closed from Sep 19-26 for determining entitlement to the rights issue and the issue of dividend warrants The
    103 words
  • Article
    Reactions to proposal for second board on KLSE
    522 12 THE proposed second board for the Kuala Lumpur Stock Exchange may be open to abuse and manipulation unless adequate regulatory measures are instituted. This is the consensus of several analysts, stockbrokers and businessmen who fear that the second board might be turned
    522 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 BUSINESS TIMES SPECIAL FOCUS ON THE OFFICIAL OPENING OF BINTULU PORT Sarawak's most modern deepwater port the $558 million Port of Bintulu is destined to play a major role in opening the resource-rich state to the market of the world. It's official opening on September 4, 1983 is an important
      134 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 WE'ATsHER! OUTLOOK for today: Showers in some areas around noon. Report tor 24 hoars prior to 7.M pm on Asg 2t at the airport: Maximum temperature 31.8 Associated humidity 61 Minimum temperature 26.7 Associated humidity 87 Hours of sunshine 9.85 Rainfall in millimetres Trace Total rainfall for the month 261.2
      57 words