The Business Times, 17 September 1983

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, SEPTEMBER 17,1183 60 CENTS
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  • 950 1 THE GREATEST achievement of Prime Minister Lee Kuan Yew "is not the physical transformation of Singapore but the transformation of the mind and character of the average Singaporean". This is the tribute that Mr S Rajaratnam, Second Deputy Prime Minister,
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  • 106 1 Reuter ABOUT 10,000 demonstrators brought Manila's financial district to a standstill yesterday as they marched through the streets demanding the resignation of President Ferdinand Marcos. Chanting "Marcos, resign", office workers halted .traffic under clouds of confetti torn from telephone books and thrown from banks and offices
    Reuter  -  106 words
  • 910 1  -  By AGNES WEE TEN YEARS from now, Prime Minister Lee Kuan Yew would like to be able to sit back "to survey a thriving Singapore, with a younger Prime Minister and his Cabinet well established, in a relationship of
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  • 477 1 FT THE US suffered a record current account deficit of US$9.7 billion in the second quarter, the Commerce Department reported. Official economists forecast that the deficit for 1963 as a whole is likely to dwarf all previous experience, as the country's traditional surplus in service
    FT  -  477 words
  • 138 1 FT INDONESIA still has to raise US$7OO million to $800 million of the $2.5 billion that it needs from international creditors for the fiscal year ending March next year. Dr All Wardhana, the Minister Coordinator for the Economy, recently said in Geneva that Indonesia
    FT  -  138 words
  • BRIEFLY...
    • 68 1 THE Civil Aviation Administration of China (CAAC) has informed the Singapore Commercial Representative's Office in Beijing that arrangements will be made to book CAAC flights for victims' families intending to go to China. Food and accommodation will be taken care of. The amount incurred will be deducted from
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    • 73 1 AFP JAPANESE Prime Minister Yasuhiro Nakasone yesterday denied local press reports that he might dissolve the House of Representatives (Lower House) within this year. He was commenting on a report carried by the Mainichi Shimbun newspaper on Thursday that Susumu Nikaido, secretary-general of the ruling Liberal-Democratic Party, and
      AFP  -  73 words
    • 82 1 AP AS MANY as 40 Polish citizens who went to Turin, Italy, from Gdansk to watch a soccer game on Wednesday are seeking political asylum in Italy and elsewhere in Western Europe. Police said at least some of the 40 Poles were members of the outlawed Solidarity
      AP  -  82 words
    • 49 1 Reuter AMERICAN officials say agreement appears close on an accord allowing US companies to sell nuclear power equipment to China. Ambassador-at-large Richard Kennedy will head a delegation to Beijing next week for talks on the cooperation agreement needed before US companies can sell nuclear equipment there. Reuter
      Reuter  -  49 words
    • 42 1 AP PEMEX, the state-run oil company of Mexico, signed a long-term oil contract in Seoul yesterday with a consortium of South Korean refineries to supply 20,000 barrels daily in crude oil, the South Korean Energy and Resources Ministry said.
      AP  -  42 words
    • 69 1 Reuter THE annual rate of inflation in Britain edged up to 4.6 per cent in August, the second consecutive monthly rise, the government said. The rise was mainly due to increases in the cost of clothes and coal. But employment secretary Norman Tebbit said it was in
      Reuter  -  69 words
    • 42 1 Reuter ECONOMIC ministers of the Association of South-east Asian Nations (Asean) will hold a meeting in Bangkok from Oct 17 to 19, a foreign ministry spokesman said. The spokesman said the meeting will discuss general cooperation among Asean members. Reuter
      Reuter  -  42 words
    • 63 1 Reuter TAIWAN and South Korea have agreed to closer cooperation in jointly marketing their products in third countries and in improving technological exchanges, at the end of a two-day annual meeting, organisers said. The meeting, jointly organised by the Taiwan-Korea Economic Council and the Council for Korea- Taiwan
      Reuter  -  63 words
  • 374 1 Reuter HONGKONG Financial Secretary John Bremridge said yesterday that he expects the colony's gross domestic product (GDP) to grow between 5V* and 6 per cent in the year ending March 31, 1964, up from his February budget forecast of 4 per cent. In his
    Reuter  -  374 words
  • 354 1 THE U sited Overseas Buk has scrapped its pUa to MM a (ill milltoa headq Barters la Challa Street la a letter to the Mhristry ef Nattoaal DeveJepmeat ea Sep 2, UOB saM It was abaadeaiag Its plaa becaaat af the klgh devetopmeat
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  • Page 1 Advertisements
    • 249 1 BUSIER BETTER S E Asia 3rd International Exhibition of Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel: *****12 mwi AUSTRALIA is taking action to soak up excess liquidity arising from the inflow of money Page 2 SHELL Eastern Petroleum and Singapore
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    • 189 1 WeVenot original r Executive's Digest The compact international magazine offering carefully selected time-saving condensations of management books and articles from all over the world. Wortdwide management experience We're brief. Subscribe now to WORLD EXECUTIVE'S DIGEST and fet a double plus a hard-cover edition of The PuuJe of Productivity worth $24
      189 words
    • 296 1 BUSIER BETTER S E Asia 3'd International Exhibition of Printing Graphic Ads Eduipment Supplies 9-13 November 1983 WORLD TRADE CENTRE ASIAPtINT m ASIAPRINT '83 An Interfama organised show Tel: *****12 Editorial... page I Deo'e's ASIA WATCM CIMTM *0' <6 Kotoog Sftopcng Cent'® CN»W CMfONO (JfWfUBW *03 30 03 41 Shaw
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  • BANKING AND FINANCE
    • 368 2 Reuter AUSTRALIA'S Labour government, which devalued the local currency in early March to stop money leaving the country after it gained power, is now being forced to take action to soak up excess liquidity, foreign exchange dealers said in Sydney. Three days after
      Reuter  -  368 words
    • 350 2 Reuter BRAZIL, the developing world's biggest debtor owing about US$9O billion, has signed a new agreement with the International Monetary Fund after nearly four months of haggling over its domestic economy. A Brazilian Finance Ministry spokesman said a letter of intent, the
      Reuter  -  350 words
    • 130 2 HONGKONG-based property company, Garden Hotel Holdings Ltd, will sign for a HK$7OO million 10-year syndicated loan in early October, agent and co-lead manager CCIC Finance Ltd. The interest rate will be 0.75 percentage point over the Hongkong interbank offered rates for the first five
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    • 93 2 CANADIAN narrowly defined money supply M-l (ell US$966 million to 529.37 billion in the week ended Sep 7, Bank of Canada said. M-l-A, M-l plus daily interest chequable and nonpersonal notice deposits, fell $972 million to $37.58 billion, and M-2, currency and chequable, notice and personal-term deposits,
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    • 71 2 Reuter SAUDI Arabia is raising its International Monetary Fund quota to 3.2 billion special drawing rights from 2.1 billion under a royal decree, the official Saudi press agency said. The rise in quotas was made under an agreement approved in February by the IMF interim committee.
      Reuter  -  71 words
    • 603 2 Reuter FT THE UK government's Export Credits Guarantee Department (ECGD) expects payments of insurance claims to exporters to continue at record levels, at least for this fiscal year. "The next couple of years are going to be the worst," ECGD secretary Kenneth Taylor
      Reuter; FT  -  603 words
    • 353 2 Bernama PROPERTY-based Kluang Development Sdn Bhd has secured a (32.5 million syndicated loan from a consortium of five financial institutions to finance the development of a commercial and residential project. The agreement was signed by the secretary of Kluang Development, Mr Tony Fong, and
      Bernama  -  353 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.04 per cent.
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      • 525 2 THE US dollar lost ground against most major currencies on the Singapore foreign exchange yesterday. But commercial selling of the Singapore dollar helped to limit the US currency's decline against the local unit. Opening at 552.1415/25, the US dollar was taken up to a high of $2.1445/55 later
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      • 146 2 THE dollar yesterday closed at 244.50 yen against the 244.45/60 New York finish on Thursday in dull trading with the market awaiting the US M-l money supply figures later yesterday. Light dollar buying by Japanese importers initially sent the US unit to a high of 244-75 yen from a
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      • 190 2 ASIAN RATES ASIAN currency deposit Interbank rates as at 5 pm on Sep 16: US Dollar* Offer Bid 7 days 913/16 911/16 1 month 10 9W 2 months 10 1/16 915/16 3 months 10W 10 6 months 10 5/16 103/16 S months 109/16 107/16 12 months 10« 10* Dm Sw.Fr».
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      • 49 2 RANGE of prices often «d by dis count houses on Sep IS: Overnight: 3 Call deposits: 2 3 Closing Baying Selling 3- month Treasury bills 2H 2*4 3-month Bank bills 7* 7*4 3 months CD 7 1/H 6 15/18 6 months CD 7* 7*4 Source: National Discount Co
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      • 49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 19 to Sep 23: Offered: $140,000,000 Applied tor: $188,000,000. Allotted: $140,000,000. Accepted bids: $99.33 approximately 54 per cent; higher bids in full. Average rate ef discount •a altotmeat: 2.660 per cent per annum.
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      • 341 2 GOLy futures in Singapore yesterday closed slightly higher compared with New York levels on small buying interest. Trading was very quiet ahead of the weekend with yesterday's total turnover dropping to 175 lots, including lul kerbs against 229 lots, including 88 kerbs on Thursday. Prompt closed at U*****.80/ 407.30
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      • 33 2 New York 11.7SB 11.75B 11 JOS UJOS Zurich ll.CB 11.82B U.I7S 11.87S Singapore 11J5B WOT 11.75B U.72S U.83S Closing prtc in US dollar* a troy ouac t. Source: Credit Suisse, S'pore
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      • 104 2 THE US dollar yesterday eased against most other currencies but rose to HK57.8650/8750 from an initial $7.7800/7950. Trading was generally quiet. The local unit touched its early high partially on speculation about the abolition of withholding tax on Hongkong dollar deposits Dealers cited renewed selling of the HK dollar
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      • 76 2 THE dollar yesterday traded easier in a quiet lacklustre early market preoccupied with expectations of a surge in yesterday night's US Ml money supply data. Opening quotes yesterday: US 1.4967/77 Can 1.84©/« Cross 1.2336/39 D Mk 4.0050/85 D F1 4.4775 4815 S Fr 3.2550 80 80.79/91 F Fr 12.0996/1135
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    • 167 2 Reuter THE Philippine central bank has revised a formula for computing excess foreign exchange assets held by commercial banks, bank officials said in Manila. It will cut dollar holdings of the banks, which had increased their foreign exchange assets because of the peso fall.
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    • 403 2 Reuter A DECLINE in gold price volatility prompted by the weak economic climate this year may be the first sign of a trend towards more stable prices, according to gold economist Louise du Boulay of Consolidated Gold Fields Inc. Following an address to
      Reuter  -  403 words
    • 178 2 Reuter THE level of US Interest rates will lead to a cooling in the American economy over the next 12 months. US Federal Reserve Board member Nancy Teeters told a .-onference of bankers and businessmen in Frankfurt yesterday that US monetary aggregates
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  • Page 2 Advertisements
    • 120 2 How to deal with everyday ailments. The next best thing to having a doctor in your family. A Exercise Relaxation The collected advice of a group of highly qualified and experienced doctors, presented clearly and concisely. How to give emergency first aid How to correctly identify symptoms and take the
      120 words

  • TRADE AND INDUSTRY
    • 398 3  -  By LEE HAN SHIH THE HDB is spending several million dollars to build centralised lorry parks in its estates. A HDB spokesman said yesterday that a total of 13 sites with 2,500 lots will be completed by the middle of next year. The
      398 words
    • 277 3 AN ENDOWMENT fund will be established to finance a programme of visiting professorships tenable at the National University of Singapore and the Nanyang Technological Institute. This was announced last night by Or Ee Peng Liang, chairman of the joint organising committee, which organised a dinner to
      277 words
    • 284 3 THE Nanyang Technological Institute is sending its entire batch of third-year engineering students out to the industries for a taste of working life. By January next year, 564 undergraduates from NTl's three engineering schools mechanical, electrical and electronics, and civil and structural
      284 words
    • 485 3 SEMINARS AND COURSES Sep 23: How to Develop Advertising Strategy Systematically, Holiday Inn Singapore, PL Marketing Communications Sep 26-27: Finance for Non-Financial Managers, York Hotel, Price Waterhouse Associates Sep 26-27: Direct and Marginal Standard Costing, Hilton Hotel, Institute for International Research Sep 26-29: Developing Your Human Resources in
      485 words
    • 361 3 THE Malaysian Chinese Association (MCA) is inseparable from the Multipurpose Holdings Bhd group, the party's corporate investment arm, acting MCA president Datuk Dr Neo Yee Pan said. As one of the party's 10 major projects, the MPHB has to complement and supplement
      361 words
    • 142 3 SWEDISH drill steel manufacturer, Sandvik Coromant, has appointed BJsra Jifcit Ma as technical representative of rock drilling products for Far East. Mr Johansson is attached to its international distributor's office. Atlas Copco (South-east Asia) Pte Ltd in Jurong. In this position, he is responsible for market service
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    • 419 3  -  By LOH HUI YIN SHELL Eastern Petroleum and Singapore Petroleum Company (SPC) have taken the lead in raising their fuel oil postings, only two months after the last price increase. Both companies yesterday raised their fuel oil posted prices by US$l a tonne,
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    • 355 3 THE statistician's dream but a nightmare for those with an aversion to figures of more than 20 years of Singapore's economic and social statistics is now available in one book. For the first time, the Department of Statistics has put together all available important data on Singapore.
      355 words
  • Page 3 Advertisements
    • 275 3 ALEXANDER HAMILTON INSTITUTE (USA) proudly announces another Top Selling Management Manual IS ,x CONTENTS What is negotiation? The process of bargaining and problem-solving How to plan your negotiations Critical oral negotiation behaviours The tricks of the trade Methods to counteract negotiating tactics A key negotiating resource-personal style Assessing the motivation
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  • OVERSEAS
    • 512 4 Reuter THE US has indicated it is willing to drop its demand to cut back the ability of cash-starved developing countries to borrow from the International Monetary Fund, leading financial sources said in Paris. But deputy finance ministers and central bankers
      Reuter  -  512 words
    • 119 4 Reuter THE US House of Representatives has given congressional approval to a U*****.5 billion defence authorisation bill for 1964 that ends a 15-year US ban on production of chemical weapons. The measure now goes to President Reagan for his signature. The Senate approved the
      Reuter  -  119 words
    • 461 4 TREASURY Secretary Donald Regan told Congress that failure to Increase financial support for the International Monetary Fund (IMF) would damage the world and US economies as well as cost millions of American their Jobs. But the legislation, providing US|B.4 billion in additional
      461 words
    • 709 4 ARRIVALS Service Local Operator Number Tine From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC NRT/TPE/KUL CAL CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL MAS MH601 0820 KUL CV CVT96 0900 LUX/AUH MAS MH671 0906 KUL MAS MH811 0910 PEN SIA SQI03 0945
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    • WORLD IN BRIEF
      • 255 4 Agencies ITALIAN gross domestic product fell 0.7 per cent in real terms in the second quarter, following a 0.3 per cent first quarter rise. The National Economic Studies Institute in Rome said yesterday that year-on-year second quarter GDP was 3.6 per cent in real terms below
        Agencies  -  255 words
    • 339 4 Reuter MUSHROOMS and pepper, celery, coffee, potatoes and even the morning slice of toast contain substances that can cause cancer. The latest issue of Science Magazine, released in Washington yesterday, said these cancer triggered or "carcinogens" come from toxic substances which plants
      Reuter  -  339 words
    • 225 4 Beater THE US Caagress has aaaalmoasly denounced the Soviet Union's "criminal destractton" of a Sooth kareu alrttaer with tke toss mt 2«U vm. President Beagaa, welcomlag tke resolution, «aid: «Tke Kremlin Is on notice: when it eMm to responding to tto aggrraslsn, there are a* Republicans
      Beater  -  225 words
    • 248 4 UPI UNITED States and Soviet ships yesterday vied to retrieve the black box of the Korean Air Lines jetliner shot down two weeks ago by Soviet missiles in the northern Japan Sea. "It appeared they (the three nations) have stepped up
      UPI  -  248 words
    • 186 4 Reuter EXTENSIVE drought affecting US crops will result in the lowest world grain production in six years. The US Agriculture Department's report on the world grain outlook, released in Washington yesterday, estimated that global wheat and coarse grain crops this year would
      Reuter  -  186 words
    • 415 4 Reuter THE outlook remains extremely grim for developing nations in spite of evidence of recovery in industrial countries, the World Bank said in Washington. "Even the most optimistic scenario for short-term economic developments holds forth the promise that the next few years will be both
      Reuter  -  415 words
    • 194 4 Reuter THE Reagan Administration, strongly opposing legislation aimed at Japan to curb car imports, said it expects domestic carmakers to boost 1963 sales by up to 1.3 million cars above 1962 sales of eight million. US Trade Representative Bill Brock and Assistant Commerce
      Reuter  -  194 words
    • 949 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location B Teratai E Vigor Sea Fortune Char Che TW Bridge P Fillmore B Penaga Lakatoi E Tambang VII Kansal P Islamabad Anson Tohgo Mara Ratana Bhum HK Express Dragoer Maersk Kaga Mara
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    • 200 4 Reuter RESISTANCE is growing to the regime in Cambodia but there is little chance of an end to Vietnam's control of the country, a US State Department official said. "Resistance to Hanoi's occupation has increased noticeably during the current wet season," deputy assistant secretary of
      Reuter  -  200 words
    • 265 5 AP SOUTH Korea plans to remove much of its restrictions on foreign investments from the new year to encourage more activity in that field. The country's Finance Ministry said yesterday that a Bill will be sent to the National Assembly to revise the
      AP  -  265 words
    • 339 5 Reuter LEBANESE fighter aircraft attacked Palestinian guerillas fighting alongside antigovernment militiamen in the hills near Beirut at dawn yesterday morning, state-run Beirut Radio reported. It said the planes knocked out Palestinian artillery positions. Lebanese air force launched a joint counter-at-tack with army units on the
      Reuter  -  339 words
    • 378 5 Reuter FRENCH President Francois Mitterrand vigorously defended his economic record on television on Thursday night after harsh criticism of an austerity budget unveiled on Wednesday. Questioned by a panel of economic journalists, he said he would rather be unpopular "than take the wrong path". Mr Mitterrand's 90-minute
      Reuter  -  378 words
    • 329 5 Reuter SOVIET Deputy Foreign Minister Mikhail Kapitsa flew home yesterday after an eight-day official visit to China during which he discussed ways of improving long-strained relations between Beijing and Moscow. He told reporters at Beijing Airport his talks with Vice-Foreign Minister Qian Qichen and a meeting on
      Reuter  -  329 words
    • 318 5 Reuter OIL prospecting interest in New Zealand has become almost feverish in recent weeks following good finds by the state-owned oil company, Petrocorp, New Zealand's Associate Minister of Trade and Industry Keith Allen said in Singapore. Petrocorp has been extraordinarily successful in
      Reuter  -  318 words
    • 267 5 AP CHINESE industry is using up large amounts of material and energy to make drab, low-quality goods that cannot compete in international markets. Zhang Jing-fu, Minister of the State Economic Commission, declared at a ceremony for national quality awards in Beijing yesterday
      AP  -  267 words
    • 306 5 Reuter THE Chinese official press yesterday attacked what it called Hongkong's attempts to whip up public opinion in support of a transition period of British rule after China regains sovereignty over the territory. In a rare reference to the Hongkong issue, the
      Reuter  -  306 words
    • 300 5 UPI NETTHEE *11 prices a«r Opee»* 17i mliiiea barrel a day predaetlea eelliag will be chaaged la the aear fatare, aecardlag te the «11 •ncMisaUM's mmtm market-watch committee. The market meaitariag eammlttee met behlad claeed daers far M minates •a Tharaday at the
      UPI  -  300 words
    • 659 5 NYT THE International Business Machines Corp has introduced the first of its longawaited series of midsized computers at prices that analysts say would increase pressures on competitors that are already suffering from smaller profit margins. The computer giant introduced two processors, the 4361 and the 4381,
      NYT  -  659 words
    • 377 5 AFP Reuter THE Japanese economy is steadily recovering on the strength of rising exports and production activity but the overall domestic demand is still depressed. The Economic Planning Agency (EPA) reported that Japanese exports in July were down 0.3 per cent from the previous month,
      AFP; Reuter  -  377 words
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  • Page 5 Advertisements
    • 228 5 OUT NOW! From Lloyd's of London Press The Times Organisation The most ambitious and comprehensive guide to the Port of Singapore, ever published. 4 Sections 430 pages. Lloyd" Ssso/- a copy Post and packing free, anywhere in the world Main Features Detailed illustrations of the port area, terminals, wharves, shipyards
      228 words

  • 495 6 IF BIRTHDAY wishes have a tendency to come true, cakes and candles would be a major industry. The Prime Minister may then consider celebrating his birthday publicly more often than once in 10 years and all will be well in Singapore. But life is not always
    495 words
  • 1399 6  -  Members of the Asean Chamber of Commerce and Industry (Asean CCI) turned out in full force this week for the first joint meeting of the Asean-Australia Business Council held in Australia. The Asean co-chairman of the meeting, Dr Nawari Mat Awin, executive chairman
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  • 666 6  -  By SALLY SOLO UPI ONE of the last symbols of the American occupation of Japan, officially over for 30 years, is about to disappear. Under a 1973 court agreement, the Sanno Hotel, the only occupation-era building in Tokyo still used by American forces, must
    UPI  -  666 words
  • Page 6 Advertisements
    • 110 6 SLASH CAR BILLS! r A if x/ V r, :4j u. SAVE MONEY Know how to deal with a mechanic explain your problems SAVE MORE MONEY Know how to spot trouble beforehand get more miles from each litre of petrol find the car that's right for you SAVE EVEN MORE
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  • Page 6 Miscellaneous
    • 37 6 Slice w« just our COUtfi.ME VOU SURE KXm REAPY 10 SCTTIi. POWN INTO A SERIOUS JOB HElklllil jjii m UriUiilci WHEK W BEEN, PI&ET? YOU RAN Off WITH THE ONLY CORKSCREW m SNAKE ANP TURTLE fife W
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    • 819 6 SINGAPORE 5 10.00 AM Opening followed by Bunga Rampai ArfUdha (Han Raya Haji Children's Special): Children sing, dance and explain the meaning of Han Raya Haji. 10.45 Doctor Snuggles (Cartoon) 11.10 Big Top Variety Show 11.55 World Championship Tennis Finals Dalas 1983 John McEnroe vs Ivan Lend 12.45 Pad Newman:
      819 words

  • 1445 7  -  By DAVID SHIPLER NYT WHEN Menachem Begin became prime minister in 1977, ousting the Labour Party from government for the first time since the founding of modern Israel, many political analysts saw his election as an aberration, an odd detour from which
    NYT  -  1,445 words
  • 609 7  -  By RICHARD LAMBERT THE city of London is now alive with excitement and trepidation about the prospect of major changes in the structure of the Stock Exchange. In the next week or so the exchange will circulate members with details of proposed changes in
    609 words
  • 405 7 STRAWS in the c Wind PRINTEMPS, the newest French department store in town, has rather unusual marketing plans. It claims it will not sell products, but "concepts and themes". So imagine... Salesgirl: "May I help you, sir?" Customer: "Yes, I'm looking for a theme.
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  • Page 7 Advertisements
    • 276 7 The New Encyclopaedia Britannica 3 outmodes all other encyclopaedias. The most complete reference work in 3 separate, yet integrated parts. The new Encyclopaedia Britannica 3 could be the key to a fuller, richer life for you and your family. It is the family encyclopaedia that provides an invaluable source of
      276 words
  • Page 7 Miscellaneous
    • 776 7 TWO-11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 8 Parry is against it (7) 9 Say something provocative as you begin to dress? (5,1, 3) 13 When the former skill returns, it's a bonus (5) 14 Seem afraid of the bird (5) 15 He misses the chief (7) 16 Waiting for a set
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  • Page 8 Advertisements
    • 958 8 Where to wine, dine and entertain SHI with the American Express Card ■■■i "if you don't already have the Card, call *****33 for an application form" a "Let's C Nwyawod \jC this Sunday" "Daddy, what's Nonya foodT "Nonya food is a creative cuisine developed by the early Straits settlers. It
      958 words
    • 221 8 lip —to GOFFEE GARDEN, we serve jjoa poaud the clock <■ f K j* rvs Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, you 11 find our staff friendly and efficient our food appealing and delicious. Try our
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  • RAW MATERIALS
    • 1173 9 COFFEE: Robusta futures were holding steady at midday yesterday around the lower end of the morning's trading range, but still £3 to £5 a tonne above Thursday's close. Turnover of 1,293 lots included 176 crosses. An early rise, which lifted most positions to contract highs, ran into mixed
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    • 158 9 CHINESE Produce Excluuige, Singapore, closing price* per lM kg yesterday. Coconut «II: Bulk fob $175.00 sellers, old drum (in second hand drum) fob $188.00 sellers, new drum fob $192.00 sellers. Copra: Mixed (loose) $106 buyers. Pepper: Muntok white pepper fob Asta NLW $342.50 sellers, Sarawak white pepper faq
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    • 194 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cottoo y*n: China Blue Phoenix 20b 2,685; 32s 3,660, 40b 3,810 (per bole of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 334 9 SINGAPORE: Yesterday's closing prices in per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.78, 100 per cent third class 0.76, 25 per cent new crop 0.58, B-10 per cent 0.70. THAI BROKEN: A-super 0.61, Special 0.55. THAI RICE:
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    • 285 9 THE RUBBER market in Singapore yesterday closed lower with October One RSS buyers quoted at 231.00 cents per kilo, down one cent from Thursday. The morning session closed unchanged in quiet but steady physical hedge buying and light shortcovering after a lower opening. Prices eased in the afternoon on
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    • 378 9 RAS price* In cent* per kilo yesterday Noon Clone (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R S S prompt f o b 231 00 232 OON 230 00 231 00N Int. 1 R.S.S. October 232.00 232 50 ***** 231.50 Int 1 R.S.S November 234 00
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    • 124 9 NOON 881 and SMR pntm ymt lafdayEA8 SSR SO SSR 90 U lna palWtl (1 too palbtl Octo ICarraa 1 MO SO 198 50 Mr Htkl 202 SON 200 SON Novfabtr Kor-.rd Mlk B«j«n Saltan ***** 203.50N ***** 201 SON MULB OtM Mr Ntm •bar SMRCV SMR
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    • 291 9 EASIER and quiet conditions were again experienced during the earlier part of the week, with values losing ground, H«Uday, Caller, Bath A Ce said in its review of the Singapore and Malaysian rubber markets for the week ended Sep 15. This took the
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    • 30 9 Rubber: Sept 16 Singapore: October: 231.00 cents (down 1.00 cent) Malaysia: October: 253.50 cents (unchanged) Tin: M 529.70 per kilo (down 23.00 cents) 145 tonnes (up 35 tonnes)
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    • 83 9 A LARGER offering of metal coupled with easier London advices saw the Straits tin price in Penang yesterday weaken 23 cents to M529.7t a kilo. The new level remains within the ITA lower range of M 529.15 and Dealers said the buffer stock manager supported at the lower
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    • 129 9 THE Malaysian crude palm oil market yesterday closed slightly higher on Indian purchases, after opening lower following limit losses in Chicago. India's State Trading Corp bought eight cargoes of 5,500 tonnes each of processed palm oil. In the Sep position, south region rose MJS to M*1,235 a tonne,
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    • 146 9 SOYBEAN futures in Chicago on Thursday closed down the 30 US-cent per bushel limit in all months except the distant November at 17 cents lower. Pools of unfilled sell orders were estimated at slightly more than 5.0 million overall. Steady buying in November by the Professional House seen selling
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    • 146 9 WHEAT futures in Chicago on Thursday closed barely steady, off 4 V« to 7V« UScents per bushel in moderate trade. December posted a range on the day. Limit declines in some months of corn and soybeans brought sympathetic selling in wheat, pushing values to new lows. However, wheat showed
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  • INTERNATIONAL STOCKS
    • 133 9 SEPT IS ABN Fla 300 00 4-/--2 Intn Muller Kbb 25.80 -05 Ahold ***** 4-05 Akao 7530 -13 AMEV 125.10 1 Amfu Amrobnk >0 00 -0.5 Nmb ***** -1 Berk r 26.10 -0.4 Oce Grin ten ***** -23 BoU Borsucer 210.00 Bock* 46.10 -1.7 Burtet 46 20 Caland CUT
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    • 77 9 SEPT 15 Frs FORWARD MARKET Or Bni Lamb Hobo* Petrn Rjrl Dutch Sidro 22*70 4T50 0000 2505 1750 -10 unch 10 >20 -5 Arbed 1330 20 Soc Oen Belg 1885 -20 Aitur 532 unch Solvmy A 3100 -80 V Mont 3286 -20 Cock De Beers Ebes Electrobel Ob-Inno-Bm Oe»
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    • 77 9 SEPT 15 Dm Hoechst ***** -4.6 Hoesch 45 90 23 Aej-Telefunken 80 10 1J H often 154 50 45 BASF 147.30 147.60 KHD BMW 3TB 50 Commerxbonk 106.00 -0.5 Mannesmann ***** -0.5 Contl Oumml 108-20 07 Preussag 265.00 -3 Daimler-Beni ***** >1 Rwe ST A 165.50 05 Defussa Dcmac
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    • 165 9 SEPT 15 Action* Sulsaes Francs KM Sandos Ref Sulser Pc Sutler Ref. Swiss Bank Br 2180 253 1580 30S 20 -2 unch -2 Alusuisae Ref. Brown Boverl Br Clba Oelfjr Br 284 1240 1880 unch -10 -30 -30 unch Swiss Bank Corp R«« Swiss Re-Insur 235 3230 unch -30
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    • 83 9 SEPT 15 Lire Mediobanca Mllano Am Ord ***** ***** 2700 -10 200 «0 Bel 213 -15 CentraJe Ord Cond Acqua Roma i960 162 -m -0 25 Olivetti Ord Pirelli And C Pirelli Spa 3340 2706 1506 10 -15 -56 flat Ord *****0 -000 OeneraJl Rlnaacente Ord 340 -375 Sft
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    • 218 9 SEPT IS Ct Hud Bay Mtn Imp Oil 38% -ft AblUbl 24* .*4 Inn* 21% -ft A lean 47 -1* Int Pro* pipe 30% unch Algoma .ft Int Utt 35% -ft Bank Mont a* -ft Intl Nickel 21% •ft Bank Nova Scotia Kerr Add 22% -ft Bell Tel Mh
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    • 264 9 SEPT 15 Rand INDUSTRIALS A Alpha MOB Abercom HO AE And CI res Amaprop 4456 -5 Trust Bk Un Steel Unisec Wool worth Anglos 196 M0 MININGS 2340 5 -10 Barlows C O Smith 1310 23S0 25 unch Anglvaal Blyyoors 7000 1750 -48 CNA Cum* Finance De B«rs Ind
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    • 171 9 SEPT 15 Frs CORBEILLE Alr-Llqulde u B S N Oervais unch GROUP Carrefour Flnanciere de L "Union Lafarge B 1371 71 10 284 41 -04 -25 C S F < ThomsonCsf) -30 Moet-Henneasy Opfl Paribus 1101 137 -4 1» Cle f'rancalse des Petroles 152 4 Penarroya Radlolerhnlque 49 *****
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    • 1113 9 NEW YORK STOCK prices closed sharply lower on Thursday amid investors concerns ahead of yesterday's money supply report. The Dow Jones Industrial Average, which managed its first gain of the week on Wednesday, reversed direction, losing about 14'4 points to about 1215. The broader market was not
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  • Page 9 Advertisements
    • 6 9 See page 11 for Asian stocks
      6 words
    • 139 9 t R i Edition The :HIJ I i I i-s-BOOK OF iwirn? Completely Revised Re-illustrated including full-colour photographs Totally Authentic Over 4 million copies of all editions sold annually Available At Ail Good Bookshops ONLY S$ 29-95 GUINNESS BOOK OF RECORDS ASK ANSWER GAME A fascinating and absorbing game of
      139 words

  • 2607 10 BID and otter prices officially listed and business in and reported to the Stock Exchange oI Singapore yesterday with the number o< shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Times Settlement Contracts are quoted alter
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  • 3496 10 Gr*s Gr*s Net 1983 Last Div Div YTd P/E Vol Day High Low Company Sale or- CVr (TOO) Hick Low SECTION ONE INDUSTRIAL COMMERCIAL 280 235 Aetna 240 -1 7.5 31 200.0 2 240 240 354 148 Alcom 264xd -1 5.0 34 14 23.3 2 204 264
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  • 1932 10 BID «ad offer prices nfflrtolly listed and hiMtiwi In tad rqwttd to the Kuala Lumpur Stock Rirtonp yesterday. with the number at tbarea traded Aon In brackets la lota of 1.000 units unless KhaelK speci Red MNJSRIAU M—h (4.168) (1) 4.16 U«M (2MB IMS) (I) 2.M (I)
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  • 886 10 PRICES fell iharply la early tradlag ea the Slagapece stock market yesterday bat recevered slightly befere levelling iff again later la the day. All li all, the aadertiae was still easier aad velaaie still lew. lie Baslaess Times Ceaypsslte ladex slipped I.B* psiats to KU aad
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  • 543 10 A LATE technical rally helped lift some prices on the Kuala Lumpur stock market yesterday. Prices started easier on poor leads from Wall Street, and drifted lower in dull trading. Afternoon trading saw prices moving listlessly until the last hour of trading when some bargain-hunters
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  • COMPANY NEWS
    • 447 11 Reuter IF THE Hongkong stock market dips again, it may not be another loss of confidence in the territory's future, but just punters liquidating shares to get cash for the new horse racing season. According to stock exchange folklore, the market dips at
      Reuter  -  447 words
    • 131 11 JACK Chia Enterprises (Malaysia) Berfcad: Fiftysixth annual general meeting to be held at Melati Room No 1, 3rd Floor, Subang View Hotel, SS2/1, Subang Jaya on Sep 19 at 11am. JURONG Cemeat Limited: Extraordinary general meeting to be held at the conference room of EG Tan A Co
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    • 175 11 Managers' prices far Sep 17A1I SINGAPORE UNIT TRUST DIAMOND MOT S'PORE The Commerce 3.40 3.61 Aug Sep The Savings Fund 1* 2.07 Diamond S'pore Prog Fund 1.47 1.56 S'pore Fd (US») 0.55 0.5S S pore Sec. Fund 222 2.36 SI 1.18 1.26 S'por* Invest Fund 1.13 1.20 S'pore
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    • 447 11 FEDERAL Cables, Wires and Metal Manufacturing Bhd has projected group consolidated pre-tax profits including share of profit from associated companies but before minority interests of M 56.48 million for the year ending Dec 31,1983. Giving this forecast in its rights issue document, Federal Cables
      447 words
    • 268 11 AFP HONGKONG Realty and Trust Company Ltd has reported a fall in unaudited group net profit for the first half of 1963. Realty made an unaudited consolidated group net profit after tax and minority interests of HK590.14 million, down from the $103.46 million for
      AFP  -  268 words
    • ASIAN STOCKS
      • 403 11 HONGKONG THE stock market yesterday closed higher on moderately active buying support with sentiment boosted by speculation of an imminent abolition of the Hongkong dollar withholding tax. The Hang Seng Index rallied above the 900 level, closing at 916.U, up 17.45. Investors and brokers were awaiting the
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      • 400 11 SHARE prices yesterday closed sharply lower following the fall on Wall Street on Thursday in thin trading due to a lack of fresh market factors. The market average lost a provisional 78.43 to close at 9,195.68. The decline was led by internationally popular issues, followed by
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      • 111 11 SHARE prices yesterday closed mixed on a turnover of 8.94 million pesos, up from 1.16 million on Thursday. SEPT 16 Pe»o« Acoje Mining Anglo Phil Ape* Mining B AUaa Con B 0.012 unch Bagulo Oold Bailc Petroleum Benguet Con B CDCP 0.0086 92 unch First Phil Hldga Lepanto B
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      • 190 11 SHARE prices yesterday closed easier in the absence of buying support in moderate trading. The Book Club Index fell 0.67 to 126.47 on a turnover of 33.4 million baht with 194,900 shares traded. Bangkok Bank, Siam Cement and Jalaprathan Cement fell two baht each to 256, 369 and 174
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      • 416 11 AUSTRALIAN share prices yesterday fell heavily across the board amid concern that the US Federal Reserve will report a big rise in US M-l money supply later yesterday. Share prices fell sharply throughout morning trading, but the market recovered slightly in the afternoon due to late buying support for
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    • 277 11 Reuter WVE Htm at all piped ap tram the m bed tO aarthwest AutndU ku seal prices Mtuiag tad gjWa tWt iMNttTCI to Mptorers. Oil ladastry analysts speealatod that the field, la the Brawae kaala aff the eaaat, eaald eaatala M mllUaa
      Reuter  -  277 words
    • 533 11 FT THE survival of Hongkong property group Carrian is in grave doubt following the withdrawal of proposals to restructure the debt of its principal public company, Carrian Investments Ltd (CIL). Creditor banks had been asked to decide by Monday whether or not to support the
      FT  -  533 words
    • 180 11 Reuter A LETTER to brokers from London Stock Exchange chairman Nicholas Goodison has outlined constitutional reforms, including plans to put lay members on both the council and appeal committees of the exchange. The letter and related documents were made available to the press. Market circles
      Reuter  -  180 words
  • Page 11 Advertisements
    • 576 11 Times NEW ■BESTSELLERS pf the month junWr Ctffl® MP m '^Yjri t V THE MOON IN THE WATER by Pamela Belle Thomazine was born under a dark and troublesome star. Orphaned at ten years old, she met the headstrong Francis during her young years, the years when they both dreamed
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  • Chief Price Changes
    • 172 12 Rises Indices Gr«W Central MO 36 Sep 15 Sep 16 Baao 1110 30 H L«ou Credit Joku Hide* run M A A MO 725 510 930 30 15 14 10 BT Composite: BT Indicator 922.88 *****46 920.99 *****85 ST Industrials: 965.40 963.85 Gatkrie 3M 10 ST Finance: 2678.54 2682.52
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    • Article, Illustration
      170 12 Rises Indices Fouling Tin UOO +50 Sep 15 Sep 16 Nat Iron 770 +30 Gold Coin (M) 625 15 MBT Indicator: *****76 NA P Prod 386 10 NST Industrials: 1354.66 1353.76 Larut Tin 400 10 NST Finance: 2545.93 2545.09 Gen ting 520 10 NST Hotels 661.74 661.74 Carlsberg
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    • 61 12 H.K.HANG SENG Frlrlft v out 11 Thursday 724.4 Week Ago 730.3 r nuay VIO.11 Thursday 898.66 Week Ago closed FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS SYidaw one i Thursday 896.9 Wednesday 889.8 Week Ago 713.8 r iiuttjr o #0.1 Thursday w» s Week Ago 877.1 ALL ORDINARIES Friday 716.4
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    • 296 12 PAPER Predaets (Malaya) Bhd has told the Kuala Lumpur Stock Exchange that the directors' proposal to acquire Gugusan Sdn Bhd is in line with its aim of seeking suitable opportunities for investment in the property development sector to insulate the group against cyclical uncertainties in the paper industry.
      296 words
    • 87 12 HOTEL Properties Ltd: Greep pre-tax profit «f $S.I2 mlllto« ($4J mlUlM) m tuMver «f $21.17 milttea ($2S.74 mllllM) for the six meaths eaded Jaae M, IKS. DevoUpmemt A C+mmerci&l Bmak Bhd: Greep preflt (after tax aid minority latorests) rase 4C.1 per eeat to Mfll.SC mllttea ($$.12 mllUea) tor first-half
      87 words
    • 67 12 Reuter NEW YORK stock prices continued to be little changed after an hour of trading with blue-chip issues performing better than secondary issues. The Dow Jones Industrial Average was up less than one point to about 1215. In the broader market, losing stocks were ahead of gainers
      Reuter  -  67 words
  • 486 12  -  HtH 11 Companies Editor: Mano Sabnani By CHAN OI CHEE BOUSTEADCO Singapore is unlikely to stage any significant recovery in earnings this year in spite of a marginal improvement in half-time results. The diversified trading and engineering group reported an encouraging 24 per cent
    486 words
  • 257 12 PARAMOUNTCorporation Bhd has reported a 65 per cent drop in pre-tax profits to only M 52.19 million for the six months ended June 30,1963. Group turnover fell by 9.8 per cent to $8.62 million because of sluggish business conditions during the first half. In
    257 words
  • 929 12 SHARE prices fell further yesterday as trading remained dull and an absence of buyers for the new account left prices at the day's lows near the close, dealers said. At 3pm, the Financial Times index was down 6.5 points at 690.4. Much attention focused on details of the
    929 words
  • 201 12 RAZAK It Ramli, a Kuala Lumpur stock broking firm, has reported the theft of share certificates with a total paper value of M 5175,160 in 19 pubUc listed companies. Among the 19 companies is one Singapore-based company, Malayaa Credit Ltd. The others, all Malaysian-based,
    201 words
  • 277 12 SHAREHOLDERS of Amcol Electrical Industries have approved the company's proposed acquisitions of two electronicbased concerns, Sankei and Unimagnetic Pte Ltd. This could mean that the group's performance for the year ending this Dec 31 would see a sharp turnaround from its loss situation
    277 words
  • 535 12 MULTI-Purpose Holdings and Kooperasi Bersatu, the Umno cooperative, are believed to have been identified as the likely Malaysian partners to link up with a Hongkong group to take over the operation of the container terminal at Port Klang. Informed sources said
    535 words
  • Page 12 Advertisements
    • 13 12 ANY OTHER BUSINESS... c:::: r/lMM**** I .ianrdT-acgjcs :!!!:r?r:;rss::n:s r;.;.u:s:us3 =:U?rJ5 :k; «3^ b
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    • 384 12 R TIMES CONFERENCES I'riM'iil- toi' I.i:\ 1:1. < o\i i;ki;\( i; o\ (()ST EFFECTIVE MAN AC,EM ENT OF CONSTRUCTION PROJEC TS «i <M TOMER. KI \l.\ MIM R. M \I.USI CONFERENCE CHAIRMAN .B. Senator Kee ong Hcc President, Housing I>«'\elopers' \ss»< a iati»n, Malaysia ECONOMICII STIKH ATION OK REAL ESTATE
      384 words
  • Page 12 Miscellaneous
    • 59 12 OUTLOOK for today: Cloudy; showers in several areas from midday to mid-afternoon. Report for 24 (mots prior to 7J9 pm an Sep If at the airport: Maximum temperature.. 30.3 Associated humidity 70 Minimum temperature. 24.0 Associated humidity 94 Hours of sunshine 0.30 Rainfall in millimetres 0.3 Total rainfall for the
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