The Business Times, 1 October 1983
1983-10-01
1
12
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The Business Times
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Title Section10 1983-10-01 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, OCTOBER 1,1183 60 CENTS10 words
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430 1983-10-01 1 JOHN LIM - By JOHN LIM SINGAPORE'S motorcar population, like its people, is getting younger. About one out of every three cars on the road is a year old while about two in three are less than three years old. The latest Registry of430 words
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191 1983-10-01 1 Reuter THE West German Cartel Office has levied a record 54 million Deutschemarks in fines against 77 West German construction companies and their managers (or illegally fixing prices on public and private projects for several years. The cream of the West GermanReuter - 191 words
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561 1983-10-01 1 SINGAPORE'S only tin smelter, Kimetal Pte Ltd, is considering selling its operations to Malaysians. Director Eric Heng said the tin trade given him a lot of headaches and he would "wash his hands totally" of tin if he could find a buyer willing to561 words
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528 1983-10-01 1 Reuter SWEDEN'S normally staid business leaders are speaking a revolutionary language and planning to take to the streets to defend their companies against what they see as trade union encroachment. Backed by the rightwing opposition, business leaders are frantically preparing for a march on ParliamentReuter - 528 words
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356 1983-10-01 1 HEADS of states of Asean, Burma, China, Japan and South Korea all agree that the question of a division of Sri Lanka cannot take place and that the country, which suffered communal violence last July, should remain united. This was stated by356 words
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BRIEFLY...
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Article63 1983-10-01 1 Reuter PHILIPPINE police fired warning shots and used teargas and water cannon in a running battle against 3,000 anti-government demonstrators in Madia's main financial district of Makati yesterday. Brigadier-General Rube Escarcha, commander of the 300-member riot squad, said two policemen and a fireman were injured when workersReuter - 63 words
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Article91 1983-10-01 1 UPI CONFIRMING a slowdown In the economic recovery, the US government's sensitive leading economic indicators were down 0.1 per cent in August, the first decline in a year, the Commerce Department said. Four of the 10 indicators pointed downward with a drop in the formation of news businessesUPI - 91 words
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Article62 1983-10-01 1 Reuter THE International Federation of Airline Pilots' Associations will lift its ban on flights to Moscow at midnight on Sunday, federation president Robert Tweedy said. The ban was imposed to protest against the Soviet shooting down of a South Korean Boeing 747 airliner on Sep 1,Reuter - 62 words
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Article89 1983-10-01 1 AFP CHINA'S top official in charge of the Hongkong issue said Beijing would make a unilateral declaration concerning the territory's future at the end of 1964 if Sino-British negotiators had not reached agreement on the issue by then. Ji Pengfei made his remarks at a reception markingAFP - 89 words
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Article71 1983-10-01 1 Reuter THE Japanese government has postponed until late October the finalisation of a package of proposed economic measures aimed at boosting domestic demand and imports, Finance Minister Noboru Takeshi ta said. Chief Cabinet secretary Masaharu Gotoda early last month told ruling Libera] Democratic Party (LDP) leaders the governmentReuter - 71 words
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Article60 1983-10-01 1 AFP A NEW city will be built on 396.9 hectares at reclaimed land in Tanjung Tokong, in Penans. Acting Malaysian Prime Minister Datuk Musa Hitam said yesterday that a master plan would be formulated and a study carried out to determine the type of buildings that couldAFP - 60 words
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Article73 1983-10-01 1 UPI A HOUSE subcommittee in Washington yesterday passed a resolution expressing opposition to a plan by the US Export-Import Bank to extend US$2 billion worth of loan guarantees in fiscal year 1963 to Brazil and Mexico. The resolution, which passed unanimously on voice vote, may be more ofUPI - 73 words
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239 1983-10-01 1 EMPLOYERS' reactions to the Government's move to raise the Central PrevMent Fend salary celling range from <laappsiatmrat to The Government had on Wednesday snasaarrt that the eeOlag will he raised to $4 from November and to $MM dram Jnly next year. Ike American239 words
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490 1983-10-01 1 AGNES WEE - By AGNES WEE THE SECOND section of the tunnel for the NorthSouth MRT line will be built by a FrenchSin gaporean-Italian-US joint venture. The four-member partnership is led by French company, SAE Borie, in partnership with an established local contractor, Ong Chwee Kou Building Contractors490 words
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Page 1 Advertisements
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Advertisement245 1983-10-01 1 BUSIER BETTER S E Asia 3rd International Exhibition of Machinery Materials tor Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Intorfama organisod show Tot: *****12 EUROPEAN and Japanese central bankers have assured the International Monetary Fund of US$6 billion in loans Page t THE word "Italy" will be245 words
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Advertisement66 1983-10-01 1 c X 1 Over 300 collections this traditional handicrafts from the famous Chekiang's Chintien (ffiilWffl) and Fukien's Shoushan (HS9OI) »Each unique item is carved out of one whole piece of stone according to its natural shape, colour and marking. High collection value. Exquisite craftsmanship and fascinating designs. Don't miss this66 words
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Advertisement143 1983-10-01 1 =@!;><\_@+[.;@./&(,^=<|*_&(]!<` HiV Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make their new car dream a reality. And Wayfoong can make it happen. What143 words
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BANKING AND FINANCE
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630 1983-10-01 2 FT THE leading central bankers of Europe and Japan have given a private assurance to Mr Jacques de Larosiere, managing director of the International Monetary Fund, that they will go ahead with a US$6 billion loan which the fund needs for 1983. This becameFT - 630 words
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134 1983-10-01 2 Reuter SRI LANKA has obtained the approval of the World Bank to use US$lOO million in existing loans to reconstruct industry destroyed during the factional violence in July. The country's Finance Minister Ronnie de Mel, attending the annual IMF/ World Bank meeting inReuter - 134 words
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323 1983-10-01 2 Reuter THE International Monetary Fund will need US$7 billion in new borrowed resources during 1984 to 1986 to meet its liquidity needs, Miguel Boyer, chairman of this year's IMF/World Bank meeting said. Mr Boyer, who is Spain's Economy Minister, said the US couldReuter - 323 words
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Article102 1983-10-01 2 Reuter FOREIGN banks have delayed US$5OO million of new credit for Argentina until Oct 17 because of a court order freezing the renegotiation of $9 billion of public sector debt, government sources said in Buenos Aires. Economy Minister Jorge Wehbe and central bank president Julio GonzalezReuter - 102 words
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Article, Illustration212 1983-10-01 2 Reuter PHILIPPINE Prime Minister Cesar Virata said his country's long-term relations with its major banks are still normal. But asked about the impact of political unrest on the Philippines, he said relations with smaller banks and US regional banks have ended. HeReuter - 212 words
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Article26 1983-10-01 2 Reuter THE Reserve Bank of India said it revised the rupee upwards against sterling to £6.5531/6.5189 per 100 rupees from E&SJI7/6.4977, elective immediately. ReuterReuter - 26 words
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Article510 1983-10-01 2 THE US dollar was traded marginally lower yesterday on the local foreign exchange compared to Thursday. Some commercial buying by banks boosted its strength slightly. It opened the day against the local unit at 5J2.1395 06 but went up to 552.1445/15 on commercial buying. The firming was short-lived510 words
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Article153 1983-10-01 2 THE dollar yesterday recovered to close at 236.10 yen after heavy speculative selling from South-east Asian centres brought it to a fourmonth low of 235.75 yen compared with the 236.90/ 7.00 New York close. There were no fresh factors to account for the start of the sharp decline and153 words
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Article22 1983-10-01 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.04 per cent.22 words
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Article182 1983-10-01 2 ASIAN RATES ASIAN currency deposit Interbank rates as at 5 pm on Sep 30: L'S Dollar* Offer Bid 7 days 9* 1 month 9h Oh 2 months #4 9H 3 months 9H 9h 6 months 913/16 911/16 9 months 10 9?* 12 months 10* 10 Da*. Sw.Fr*. (Middle Price*) 1182 words
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Article49 1983-10-01 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 4 to Oct 7: Offered: $150,000,000 Applied far: $216,550,000. AiUtted: $150,000,000. Accepted bids: $99.34 approximately 74 per cent; higher bids in full. Average rate ef discount on aUitrnw]: 2.625 per cent per annum.49 words
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Article389 1983-10-01 2 GOLD futures in Singapore yesterday eased across the board in afternoon trading on stoploss selling following the metal's slide in New York. Trading was moderate and centred mainly in the December contract, which weakened to a late U*****.80 410.20 an ounce from an early $412 413 and New York's389 words
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Article35 1983-10-01 2 New York U SOB 11.888 1185S 11.93S Zurich 11.85B 11.87B 11 90S HMn 11.S2S a Singapore ***** 11 90B 11.73S U.97S Closing prices in US dollars a troy ounc Source: Credit Suisse, S'pore35 words
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Article84 1983-10-01 2 THE US dollar yesterday eased against most major currencies in late fairly active trading. The trend was particularly apparent against the yen where it fell to 235.90/236.00 from an early 236.70/80 and New York's 236.90 237.00 close. Banknote rates yesterday: (HK per 1): US 8.10/8.20 UK 11.80/12.30 Brunei 3.74/3.7984 words
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Article68 1983-10-01 2 THE dollar yesterday opened slightly lower but remained well bid in a quiet market that lacked any strong direction. Opening quotes yesterday: US 1.4950/60 Can 1.8419/41 Cross 1.2320/23 D Mk u 3 9455 9195 D F1 4.4125/70 S FY 3.1810/50 B Fr Con 79.92/80.09 F Fr 11.9660/815 Lit 2389.30/2392.4068 words
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Page 2 Advertisements
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Advertisement791 1983-10-01 2 m V *#*llnM mM* V. ,rUr r ;•.*J PfrS l •wKvrx>.. Fi »t>«- iftfiibt jj «t t»' #ijras#! >-V PT r if -STL r i* y i a r»-1 4EBSH .< -1111-11-tflJ ami SSO^s The Times Inter-Business Houses Athletics Meet 1983 Where Spectators Win Prizes Too! Maki a date with791 words
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TRADE AND INDUSTRY
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Article587 1983-10-01 3 RICHARD SEAH - By RICHARD SEAH THE word "Italy" will be taken off Singapore-made leather handbags as the new Singapore Handbag Manufacturers Association sets out to prove that local companies have something good to offer. The industry here is small and relatively unknown. Only a handful of587 words
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428 1983-10-01 3 THE Minister of State (Trade and Industry), Dr Wong Kwei Cheong, said yesterday that the Singapore Society of Accountants (SSA) should adopt the exposure draft on valueadded statements as a standard. Dr Wong, who is also the chairman of the National Productivity Board, was428 words
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310 1983-10-01 3 THE STING of the recession was less painful than expected as exhibitors tallied up sales on the final day of Mach 1 ne a s ia/WoodmacAsia '83 yesterday. About $8 million worth of production machinery and engineering equipment was sold over310 words
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248 1983-10-01 3 MORE Singaporeans are applying for bigger Housing and Development Board (HDB) flats. This trend towards larger accommodation an indication of the growing affluence of HDB applicants was evident in statistics released by the HDB yesterday. The figures show that in 1978, more than half248 words
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302 1983-10-01 3 HEAVY expenditure on promotional activities was the main factor contributing to a lower net surplus for the Singapore Tourist Promotion Board (STPB) last year. While income was up by 8 per cent to 139.5 million, total expenditure increased more sharply by 24.4 per302 words
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Article127 1983-10-01 3 THE International Epidemiological Association will hold its regional meeting for the first time in Singapore, from Oct 3 to 6, at the Dynasty Hotel. The four-day meeting will focus on "The changing patterns of health and diseases". About 200 delegates from 37 countries will participate127 words
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Article54 1983-10-01 3 FOUR SEAS Communications Bank has agreed in principle to sell a piece of land in Telok Ayer Street to the Singapore Chinese Chamber of Commerce and Industry. It was incorrectly reported yesterday that the chamber recently paid the agreed sum of 15 million for the 695-square metre site.54 words
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351 1983-10-01 3 THE Institute of Systems Science is planning to set up a local area computer network next year to support its research and administrative activities. This was disclosed by Professor Lim Pin, vicechancellor of the National University of Singapore, at the first351 words
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Article167 1983-10-01 3 ESSO Singapore has signed a contract to buy an integrated computer system for its Jurong marketing terminal from Nixdorf Computer. The 1500,000 contract was signed yesterday by Esao's marketing director, Mr Eric Gwee, and Mr F W Aldag, a director of Nixdorf. With the system,167 words
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Article, Illustration309 1983-10-01 3 PATRICIA GOH, farmer player with the Siagapen Sympheay Orehestn (880) aid cm ef the leadlag writers ea the Slagapen maale aeeae, died ea Iharsday at SJtpm. The yeaagest daaghter «f tte late maaiou OA Baaa Tlee, Patricia, 3«, leave. heUad her haahaad, Taaal Wei,309 words
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Page 3 Advertisements
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Advertisement108 1983-10-01 3 {<&$>\<@<"*,\%$~*`[{$-+[_${*}'@ V T J A# s /.v V -7 v :i l 'I x «> vl W v\ y r-* W* >»'W V *r "I 1 ?-V» f »V\ W:i v** V" r J 1 I r»v J t I K X KCI ASS Nnit*js>r« Kuala Lumpur: 0 Vi'i r.108 words
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OVERSEAS
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Article475 1983-10-01 4 FT CORPORATE Japan is girding itself to fight proposals to give greater, though not absolute, equality in employment to women. Early this month, the policy committee of Nikkeireen, the employers federation, is expected to go on record as formally opposing a new equal opportunityFT - 475 words
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Article481 1983-10-01 4 AP THE US and the Soviet Union are feeling the pinch in maintaining their defence spending because of the world economic crisis, but the Soviets may be willing to tighten their belts more than the West. The London-based International Institute for Strategic Studies said yesterdayAP - 481 words
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Article711 1983-10-01 4 ARRIVALS Service Local Operator Number Time From SIA SQll 0010 LAX/TYO PAA PA5 0015 JFK/SPO/HKG FT FT71 0025 JFK/ORD/ANC NRT/TPE CAL CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL SIA SQ41 0720 MAA MAS MH601 0820 KUL CV CVT96 0900 LUX/AUH MAS MH671 0905 KUL MAS MH811 0910711 words
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268 1983-10-01 4 Reuter AT least 18 people were killed when Pakistan's turbulent Sind province completed a first phase of local elections on Thursday with a general strike called by banned opposition parties campaigning against the military government. Troops shot dead 17 people and injured 48 inReuter - 268 words
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336 1983-10-01 4 Reuter VIETNAM and the memory of 57,000 Americans killed in a war that divided the country haunted Congress as it approved a compromise plan to keep US Marines in Lebanon for 18 more months. The unease was most obvious inReuter - 336 words
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352 1983-10-01 4 UPI THE US White House has taken the position that British and French nuclear missiles will have to be addressed in arms control talks "at some future time", but in a forum separate from current negotiations in Geneva. US presidential spokesmanUPI - 352 words
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872 1983-10-01 4 Reuter AMERICAN Defence Secretary Caspar Weinberger sees his Just-ended visit to China as a success, but officials admit that a goal of Sino-American cooperation to block Soviet aggression remains a long way off. Mr Weinberger has said repeatedly that a strong ChinaReuter - 872 words
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360 1983-10-01 4 Reuter BEIRUT Airport resumed semi-normal operations yesterday after the Brst commercial flight for 32 days landed on Thursday under an agreement between the Lebanese army and antigovernment militias. The flight is a sign that life in Lebanon is slowly returning to normalReuter - 360 words
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Article973 1983-10-01 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdna FCL Location A1 Khames2 CCL6C 1.10.83 2300 Frata FSB 0900-1100 L7 N Topaz 9S/N 1.10.83 2300 NAPL TA 3 0900-1100/0900-1100 A3/B3 Family Ace 37B 2.10.83 0700 Shofuku FSB 0800-1000/1800-1900 N2/N2 Mai Rlckmers 0700-0600/1800-1900 P2/P2973 words
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327 1983-10-01 5 Reuter BULLION dealer Alan Saxon, whose death sent prices tumbling on the New York precious metals market on Thursday, apparently killed himself, the Los Angeles police department said. Original reports said that Mr Saxon, 39, died in a car accident. But LosReuter - 327 words
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276 1983-10-01 5 Reuter A MINI-SUMMIT presided over by Indian Prime Minister Indira Gandhi has reached wide agreement on the need to refrain, rather than dissolve, existing world economic institutions. Mrs Gandhi's spokesman told reporters at the United Nations on Thursday that this was the main resultReuter - 276 words
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388 1983-10-01 5 Reuter A DIFFERENCE over economic policy between Britain and the US emerged during two hours of talks between British Prime Minister Thatcher and US President Reagan in Washington on Thursday. Mrs Thatcher said she received little reassurance from Mr Reagan on herReuter - 388 words
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Article167 1983-10-01 5 UPI BRITISH companies have boosted their profits by about 25 per cent over the past year, while wages and salaries have risen by Just under 6 per cent and the standard of living has remained at a standstill, government figures showed. Real disposable income (atUPI - 167 words
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337 1983-10-01 5 Reuter CUSTOMERS for Soviet Urals crude oil are hoping for a reduction in the official price to bring it closer to prices on the depressed European spot market. Oil industry sources in Amsterdam said yesterday that at least one major purchaser has requestedReuter - 337 words
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311 1983-10-01 5 Beater THE US Airline Plleta Association has called far a natfaaal strike after flight erews at Caattaeatal AirUaea said they weald step wark ta pretest agalaat pay eats. Uaiaaa representing pllats aid flight atteadaata at CaaOaeatai, the eighth largest US carrier, aaU theyBeater - 311 words
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Article556 1983-10-01 5 FT THE European Economic Community may decide to double its import tariff on digital audio discs (Dads) at a meeting of the Council of Ministers on Oct 17, said European sources in Tokyo. The doubling of the tariff on a high-technology product which JapanFT - 556 words
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Article460 1983-10-01 5 WORLD IN BRIEF Agencies A DECISION by Japan's national airline to buy nine US Jets worth about US$56O million is a deep disappointment for the European Economic Community, informed sources said. The common market's executive commission had hoped the order would go to Airbus Industries, a EuropeanAgencies - 460 words
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159 1983-10-01 5 TWO of Marc Rich's companies and a business associate of the International Commodities Trader has pleaded not guilty to charges filed against them in the biggest tax-evasion case in US history. Lawyers for Marc Rich and Company of Zug, Switzerland, and Marc Rich and159 words
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Page 4 Advertisements
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Advertisement19 1983-10-01 4 Pan Am Daily To Hong Kong Cabin Class At Ordinary Airline Prices. IT: an Am-You Can't Beat The Experience."19 words
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Page 5 Advertisements
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Advertisement175 1983-10-01 5 nvnm un*m is nun anuaMtu nA/nnMf UA£U! nUMWU t\UITU~OAH7fU4ffV"LU/WLfLf/V UAIIU (Mil A#/l /A 4 -UiiWUMfUnC ~f,IUtVU tIU/VU r*\f/itri misim TJtmct unm/n isnMir* ujttmji i ru-iA*irt.i-nuiwunufwu nvann untm isnun t/M tmn/n/rn ua uuu rtunu n una-wm/vuuu vl/i CX737 nurtv KDNu-SAnunun-SuAfoAY CX2SO IGSuun-HQN'unuAu CX4II SEOUL-TAiTEI-tiuA'uKOA'v sSi 4 mkmmm BANGKOK-SINGAPORE W\ V I175 words
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Article484 1983-10-01 6 CHEATED that's how some Singaporeans would feel if they learn that the expensive handbag, the shirt or the designer's jeans they have just bought was made locally. Though no studies have been done to find out how many Singaporeans think that way, the penchant for things foreign484 words
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Article, Illustration1405 1983-10-01 6 FLORENCE CHONG - On Monday when Alan Bond and his team clinched the coveted America's Cup, Australia gained a much-needed fillip for its ailing economy. Australia H's victory set off a multi-million-dollar stimulus to the country's somewhat virginal tourist industry, and related industries And the beneficiaries1,405 words
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Page 6 Advertisements
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Advertisement450 1983-10-01 6 IC TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON INTERNATIONAL FINANCE 20 21 October 1983 SINGAPORE CONFERENCE CHAIRMAN Mr K G R MacLennan, Managing Director, Standard Chartered Merchant Bank Asia Limited THIRD WORLD DEBT AND ITS IMPLICATIONS FOR THE GLOBAL FINANCIAL SYSTEM Professor Lee So« Ann Director School of Postgraduate Management450 words
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Page 6 Miscellaneous
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Miscellaneous993 1983-10-01 6 SINGAPORE 5 MALAYSIA 3 1.00 PM Opening folowed by Dinosaurs Fun, Facts and Fantasy: Oil, a lovable crocodile, seeks facts about his ancestors, the dinosaurs. We follow him through the prehistoric swamps and forests. 2.05 Doctor Snuggles (Children's programme) 2.30 Saturday Matinee The Wind in the W9ows: Children's Day begins993 words
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Article, Illustration1795 1983-10-01 7 ZHOU MEI - By ZHOU MEI TAN Sri Lee Siow Mong will have a subpoena served on him soon. Once again, his expertise on Chinese tradition and customs will be needed to help the legal minds sort out a law suit. This time, he has to1,795 words
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Article355 1983-10-01 7 An admirer that's one in a million A RICH man in Hongkong recently presented a one-million-dollar cheque to an actress be admired. According to a Hongkong gossip magazine, the cheque was found on the windscreen of a new car the actress bought. It came with a355 words
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552 1983-10-01 7 PHIL BROWN - By PHIL BROWN AP CONFUCIUS mm advised: "It la Meed karmfnl to come under Ike sway d atterly lew aad straage deetrlaes." Aad fer mere tkaa years emperers wke liked tke system tke way It was paid kemage to tke ancient pkllesepker. New tkeAP - 552 words
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Page 7 Advertisements
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Advertisement681 1983-10-01 7 v 'u \nm\\ (OMPX M I.W <-* \>£ I M A a v <Li-' Now available at all leading bookshops. Distributed by Eg FEDERAL PUBLICATIONS Pi/'J 2 Juron 9 Port Road Singapore 2261 A member of The Times Organisation from The Singapore University Press INDIRECT TAXATION IN ASEAN This book681 words
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Page 7 Miscellaneous
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Miscellaneous814 1983-10-01 7 Graves, InC By Pat Brady THERE OUGHT TO BE A LAW AGAINST LETTERS THAT BEGIN THAT WAV- I 1 1 3 L ed ITT -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 8 The bit lrft over I put inside (7) 9 Give the role to the Italian man, or tke Spaniard (9)814 words
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Page 8 Advertisements
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Advertisement333 1983-10-01 8 Where to wine, dine and entertain with the American Express Card "if you don't already have the Card, call *****33 for an application form" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It uses Chinese ingredients with Malay seasoning and cooking style."333 words
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Advertisement185 1983-10-01 8 titilJiU JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. ()/>rn tiij.'iV I.: >:o<' i> ■>!)[> 1I <( l For reservations call 73 W) <*i ill i i*\ I irk SI h »i*j ilon*Sii »li« »<»**«' A L® S TLIS !N T L ggahJiut THE NEW LOOK r185 words
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Advertisement261 1983-10-01 8 PH 4 Cofemaris 1 Covefsssa Levels, Peninsula Hotel Normal days: 10 am to 12 midnight Fri, Sat eve of Public Holidays: 10 am to 1 am Dick and Hans will provide soothing comfort with their brand of Country Western music 7 pm to 12 midnight daily (except Sundays) I 9261 words
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Advertisement169 1983-10-01 8 Today's ladies entertain and still keep healthy figures. The secret? Lunch at the Harbour Grill. A great place to be. f i Dine in the grand tradition of emperors Where sumptuous meals are prepared by masters in Beijing cuisine. And served fINE COURT, 1 with traditional oriental hospitality. J Jf/f/rr/'f-f169 words
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Advertisement200 1983-10-01 8 Our newly extended Coffee Garden is now better than ever. Whether you have an appetite for local or continental food, youH find our staff friendly and efficient, our food appealing and delicious. Try our famous claypot specialities, Hainanese chicken rice and other dishes. For reservations, please call *****22 ext. 142*)200 words
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RAW MATERIALS
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Article1113 1983-10-01 9 COFFEE: Robusta coffee futures yesterday displayed a rather uncertain tone at midday after a morning of mixed price movements. The market ended between £5 a tonne lower and £5 higher than Thursday's close and turnover totalled 1,522 lots which included 106 lots crossed. Some uncertainty had been caused1,113 words
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Article32 1983-10-01 9 Rubber: Sep 30 Singapore: October: 230 cents (up 1.50 cents) Malaysia: October: 252.00 cents (up 0.26 cents) Tin: M 929.80 per kilo (down 15 cents) .70 tonnes (down 30 tonnes)32 words
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Article82 1983-10-01 9 THE Straits tin price la Penang yesterday weakened another IS cents to M 529.89 a kilo, still within the ITA lower range sf Ms2t.ls and MSS2.M. The decline was attributed to a farther tall in London, with the buffer stock manager supporting at the lower levels. Dealers also82 words
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Article68 1983-10-01 9 SOYBEAN futures in Chicago on Thursday closed 19 to one US-cent a bushel lower in active trade. November traded in a 22 cent range. Most months of CBT soyoil futures closed down the 1.00 cent a pound limit, with deffered October 0.90 lower. Traders estimated sell pools at 1,40068 words
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Article81 1983-10-01 9 WHEAT futures in Chicago on Thursday §nded 1V« to three US-cents a bushel lower in quiet trade. December traded in a five-cent range. Speculative selling spilled over from the soybean pit and pressured prices through the day. A late rally helped prices close near the day's highs Corn futures81 words
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315 1983-10-01 9 THE market started off in more active conditions with values initially gaining some three cents per kilo, but prices eventually drifted lower again to finish one cent off on balance, H*lMay, Catler, Bath A C* said in its review of the Singapore and315 words
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Article360 1983-10-01 9 RAS prices In cent* per kilo yesterday: Noon (per kilo) Buyers Sellers lat 1 R.S.S. prompt f o b. 229 00 230 OON Int 1 R.S.S. October 229 50 230 50 Int. 1 R.S.S November 232 00 ***** Int. 2 R.S.S. 224.50 2J6.50N UK Coot 223 50 22360 words
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Article113 1983-10-01 9 NOON SSI It ami SMR pnca jm ardar KA 8 SSR2U 88R SO M RE1.B (1MB palkO (1 ton palfetl Octal (Carnal Bayara f 196-SO 193 SO OaM Mr t HU) 197 SON 196 SON Nnmktr iPorsiH Mlkl Bvrara Ballara 196 SO 19SS0N 194 SO 196 SON113 words
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Article288 1983-10-01 9 THE RUBBER market in Singapore yesterday closed higher with October One RSS buyers quoted at 230.00 cents per kilo, up 1.50 cents from Thursday. After opening slightly higher on steadier London advices, levels fluctuated within a hall-cent range on lack of interest. Prices improved another half-cent in the afternoon288 words
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Article161 1983-10-01 9 CHINEBE Preface Ex efcaage, Singapore, aaaa eMag prices per IN kg yesterday. Caeaaat all: Bulk fob 1178.00 sellers, old drum (in second hand drum) fob $191.00 sellers, new drum fob $196.00 sellers. Capra: Mixed (loose) $110 buyers. Pepper; Muntok white pepper fob Asta NLW $340.00 sellers, Sarawak white161 words
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Article194 1983-10-01 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cottaa yam: China Blue Phoenix 20b 2,7«; 32s 3,690, 40s 3,830 (per bale of 400 lbs). Piece gasds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly194 words
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Article132 1983-10-01 9 THE Malaysian crude palm oil market yesterday closed off the day's lows on covering, after opening in sympathy with the easier Chicago soybean complex. In Oct, central and south fell Ms3o and Ms2o respectively to MJ1.330 a tonne. Nov in the south lost MJ77.50 to M 51,302.50. The132 words
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Article338 1983-10-01 9 SINGAPORE: Yesterdays closing prices in S$ 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 0.55.338 words
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INTERNATIONAL STOCKS
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Article172 1983-10-01 9 SEPT 29 Fn GROUP B CORBEILLE Alr-Llqulde 478 B S N Ocrvais Danone 2060 2-5 25 Carre four Financier* de LUnlon Lafarge Moet-Hennessy Optl-Parlbas 1375 73 286 1305 144 50 34 1 •2 32 53 C»f) etc Francaiae 180 15# 20 -J >3 Penai roja Radio technique 47 JO172 words
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Article80 1983-10-01 9 SEPT 29 FYs FORWARD MARKET Acec 826 -tt Arbed 1370 Or Bra Lamb Hobok Petro Ryl Dutch Sldru Soc Oen Belg 2325 4750 5840 2510 1755 1900 -15 -30 -40 -10 •10 -5 Astur 830 -10 35 Brajcan 1740 unch V Mont 3450 -30 Cock De Beers Ebcs Electrobel80 words
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Article80 1983-10-01 9 SEPT Aef-Telefunken BASF Dm 86 00 151-20 *02 03 Hoectut Hoesch Horten Kinudt ***** 9660 154 00 *****B 03 33 -1 363 Barer BMW 151 00 tsn v\ 13 -03 KHD 256 00 33 Commenbtnk Contl Oummt ***** 113.80 13 M&nnesm&nn Preussag 136 00 266 00B Dalmler-Beni DefUUa *****80 words
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Article97 1983-10-01 9 Butoft 212 +3 Bel ***** 300 CentraJe Ord Cond Acqua Roma Ertdanla rial Ord OeneraJl 1756 182 8400 are *****0 24 -2.75 -to M 800 Olm Ifl Prlv Invest ItaJcemenU Ord Ital«M Lepetlt Ord 4808 2803 48M0 1045 28.100 -44 4 520 22 -80 Mediobanca ***** tz Mllano Ass97 words
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Article196 1983-10-01 9 SEPT 29 Francs Actions Sulsaes 289 4-1 Alusulsse Br no unch Alusulsse Reg 252 -1 Brown Bo»ert Br 1200 10 Clba Gelgy Br 1975 20 CIDa Oelgj P C 1815 S Clba Oelfy R«f 844 1 Credit Suisse Br 2110 -10 Credit Suisse Reg 405 unch Elektrowmtt Br 2910196 words
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Article211 1983-10-01 9 SEPT 29 cs Hud Bay Mln Imp mi si AblUbi Inco 2) Alctn 45 -1H In l Pro* Pipe M Alfocna 31 Int uu JkH Bank Mont 2B 7 Intl Nickel 21* •k Bank Norm Scollm 44 Sk Kerr Add 22* unch Bell Tel Lob lav B U* BP211 words
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Article279 1983-10-01 9 SEPT 29 Rand INDUSTRIALS Trust Bk Un Steel Unlaec Wool worth 220 140 590 1315 unch -S unch unch A Alpha Abercom AE And CI Amaprop AMIC 910 286 MO 440 3150 unch unch unch unch Anglos AnglvaaJ Blyyoors Buffets Charter Cons Oold Cons Murch De Beers Dries E279 words
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Article183 1983-10-01 9 SEPT 29 Fla ABN Ahold Akxo AMEV Amfu Amrobnk Berfoss Berk Bols Borsucer Bosk* Burtet C aland Calv Dell MIJ Elsevier Ennla F«h Fokker Ford Oamma OI* throe Oobaln Hacemejrer Hbe Helneken Hoofovens Hundou HVA 370-00 180 TO TOM 131 00 K 00 mo 47 SO ZZZZZZ 34.50 7020183 words
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Page 9 Advertisements
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Advertisement9 1983-10-01 9 See page 11 for New York and London stocks.9 words
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Advertisement59 1983-10-01 9 NoW Ava« ato e BIGGEST BEST Mi!; V, I i a !k1 Chambers 20th Century Dictionary r o in ib eI rt P ic tioi 1 u> V < P n rtd SeP 1 The most comprehensive single-volume dictionary of the English Language. Now available at all leading bookshops Distributed59 words
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2776 1983-10-01 10 Btß-and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts quoted after the word2,776 words
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Article3501 1983-10-01 10 Gr's Gr*a Net 1983 Last Div DW Y'ld P/E Vol Day High Low Company Sale or- CVr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 236 unch 7 3 31 180.0 1 236 236 354 148 Alcorn 272 1 5.0 3.8 13 24.0 66 2723,501 words
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Article182 1983-10-01 10 MAM prices far Oct 1 ft S «NG ATOU UNIT TBU The Commerce 1C The Savtags Fund 1.99 S pore Prog Fund I SO S pore Sec. Fund 2 2 S pore Invest Fund 1.15 S'pore Equity Fund 1.51 AHA UNIT RIOT Mai Invest Fund 2.98 Mai Prog182 words
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Article1901 1983-10-01 10 BID and offer prices officially listed and hiwine— in and reported to the Kuala Lumpur Stock Exchange ye* terday. with the number at ihara traded shown In brackets in lots of 1,000 units unless otherwise specified MMJBIBIAIA IJnaiti (4.OCS) (2) 4.00 Atosa (2 MB 2.985) (1) 21,901 words
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Article825 1983-10-01 10 THE Slagapare steekmarket Improved slightly yesterday after an saevea start. Valnme ef traasaettoas was Initially lew hat picked ap a little la the afteraaaa. Altbeagh It was the beglaalag sI the Oetaker settlemeat tradlag period, there did aat appear to he aay straag late rest.825 words
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Article529 1983-10-01 10 THE Kuala Lumpur stock market closed the week on a hopeful note, with prices finishing generally higher. In spite of a softer Wall Street, prices opened a shade higher and began to rise gradually until a late round of profit-taking took prices off their best.529 words
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COMPANY NEWS
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575 1983-10-01 11 Market Talk... NYT NEXT Monday will be the first trading day of October, and already there is talk of another possible 'October massacre' in the US stock market. Perhaps the leading proponent of this view is John Mendelson, chief technicalNYT - 575 words
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279 1983-10-01 11 GUTHRIE iUpel kx tuned la a dismal performance far the drat half of this year, with earnings sharply traded by reeeaaleaary pressures aad lawer crap levels. Graap pre-tax praflta far the first six maatha to Jane it, 111) fell to a mere MSMMM from279 words
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479 1983-10-01 11 JARDINE, Matheson and Co Ltd's outgoing chairman David Newbigging has cited three principal factors which he said will affect the company's future prospects for the remainder of this year and next. They are: Uncertainty over the improvement in the world economy. Uncertainty over the479 words
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520 1983-10-01 11 Coupon Amount Merest oi dan MMePrke 1 te^Mfln Mjtwity Tear Rased Rate (S Mfan) Payment of Accrued (eidudtag Kcnittf rud pa) Dates Merest P) 15 6 81/84 1969 •5V, ***** 15/6. 15/12 107 interest) •101.90 •3.02 13.11.84 1978 •*5 40520 words
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Article19 1983-10-01 11 BOU8TEADCO Limited: EGM at 3rd Storey, Phoenix Building, 11 Palmer Road, Singapore on Oct 10 at noon.19 words
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INTERNATIONAL STOCKS
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Article984 1983-10-01 11 WALL STREET stock prices on Thursday closed lower for the third straight day on lighter volume as institutional investors continued to consolidate the large gains recorded last week. The Dow Jones Industrial Average, which fell nearly 19 points in the past two sessions, retreated nearly two984 words
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Article412 1983-10-01 11 SHARE prices yesterday closed widely lower in heavy trading, despite a late rally. The decline followed falls on Wall Street and in world metal prices. At 1500 the All-Ordi-naries Index was down 3.9 points at 718.0, after being down 5.1 points at noon. However over the week it rose412 words
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Article395 1983-10-01 11 HONGKONG PRICES yesterday ended at their lowest levels of 1963 and the Hang Seng Index finished 9.02 points down at 758.33. Brokers said sentiment was mixed as investors were uncertain over the trend, which was subject to political and currency considerations. Trading was fairly active but mainly395 words
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Article596 1983-10-01 11 SHARE prices yesterday closed lower in persistent liquidation activity among blue chips and popular stocks, with sentiment dampened by the resumption of an overnight decline on Wall Street. The market average, fell 30.02 to 9,402.59 following Thursday's 12.71 decline. Foreign buying was scarce despite the steep596 words
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Article155 1983-10-01 11 SHARE prices yesterday closed slightly higher in quiet t'.ading. The Book Club Index rose 0.39 to 127.38 but volume fell to 278,267 shares from 312.587 Thursday. SEPT Baht* Aokham Thai Asia Fibre Ayuthaya Inv And Trust 130 1 Bangkok Bank 256 unch Bank Of Ayudhaya Ltd Bata Shoe Berll155 words
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Article101 1983-10-01 11 SEPT 30 Pesos Aco>* Mining Anglo Phil Ape* Mining B 0011 unch AUu Con B 30 JO 05 Baguio Gold Basic Petroleum 0 008 -0001 Benguet Con B CDCP •7 07$ -s First Phil Hldg* S -02 I .e panto B 010 -0 006 Martnduque B 7 05 Mars101 words
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Page 11 Advertisements
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Advertisement123 1983-10-01 11 UNITED PULP PAPER COMPANY LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) HALF YEARLY 1983 REPORT The Board of Directors wish to announce the interim results of the Company and the Group for the six months ended 30th June 1983 as follows:Six Month* Ended 30th June (jwfOOO) Turnover (Loss) before taxation123 words
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Advertisement6 1983-10-01 11 THE MACDONALD ENCYCLOPEDIA OF FLOWERS TREES6 words
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Chief Price Changes
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Article165 1983-10-01 12 Rises Indices UM Hoc 800 20 Sep 29 Sep 30 M Baakiag O C B C H Lnu Credit Mu Hldfi 966 1080 ns 719 15 10 10 10 BT Composite: 338.42 940.31 BT Indicator. ST Industrials: 13(1254 979.20 *****20 979.35 C C 070 10 ST Finance: 2748.15 2755.14165 words
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Article, Illustration154 1983-10-01 12 Rises Indices T&lam 560 +70 Sep 29 Sep 30 Utd Plant 580 +45 Norsecbem 840 +40 MBT Indicator: *****23 *****43 U M Flour 710 +30 NST Industrials. 1358.13 1359.49 KTPau 940 +30 NST Finance: 2638.21 2641.30 Lien Hoe 960 +25 NST Hotels: 661.24 661.06 Int Wood 320 NST154 words
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Article820 1983-10-01 12 SHARE prices closed mixed as tht quiet conditions of recent days psrrtstsd with no fresh (actor to spark Interest, deal•ttmkL At Spm, the Financial Times Index was op 0.1 point at M 9.8. KH stood out with a gain of Sat 90S, reflecting further demand late on Thursday,820 words
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Article44 1983-10-01 12 THE NEW YORK stock market gave ground yesterday morning as the decline of the past three sessions continued. The Dow Jones average, down 20.63 points from Tuesday through Thursday, dropped another 3.55 to 1,236.59 in the first half an hour.44 words
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Article100 1983-10-01 12 Reuter UNITED Motor Works (S) Pte Ltd, has formed a new international Joint-venture trade finance company with Los Angeles-based Cigna Corp. The Joint-venture company, Cigna UMW Finance Inc, to be based in Los Angeles, will provide export finance services, including letters of credit, trust receiptReuter - 100 words
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Article78 1983-10-01 12 SSANGYONG Ctmmt (8) Ltd hu npwtoi gTMf pretax praflto «f $IIM mlllfoa (17.14 mlllfoa MM) tanwrcr «f $17.1 milHf ($MJf milUM) hrtterix mcatta eadci Jiae SC, IML MALAYSIAN FcedmiUt Ui tax Imb «f praflt) m tanwnr «f $28.46 mlllfoa ($41.4 mlllfoa) for drat-katf IMS, METAL Cwmtutmm Ltd 12.48 mllltoa78 words
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Article53 1983-10-01 12 H.K.HANG SENG Friday 758 33 Thursday 787.35 Week Ago 785.« AUSTRALIAN INDUSTRIALS Friday 886 4 Thursday 888.4 Week Ago 872.4 ALL ORDINARIB8 Friday 718.0 Thursday 721.» Week Ago 708.0 FINANCIAL T1ME8 INDUSTRIALS Thursday 000.7 Wednesday 096 9 Week Ago 708.1 DOW JONR8 AVERAGE INDUSTRIALS Thursday 1240.14 Wednesday 1241.9753 words
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545 1983-10-01 12 ALAN LEE - Companies Editor: Mano Sabnani By ALAN LEE HONG Fok Corporation Ltd is probably the first local listed company to suffer as a result of the falling value of the Hongkong dollar. The company announced yesterday that it had to make a provision of545 words
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594 1983-10-01 12 CHAN OI CHEE - By CHAN OI CHEE PAPER Products (Malaya) Bhd and its Singapore-based subsidiary, United Pulp and Paper Co, hit by continued poor market conditions and higher financial costs, have strayed further into the red. For the six months to June 30, the594 words
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241 1983-10-01 12 THERE will be ae ekaages wltkla (Jilted IWuMtl Carp IT Taag Eag Pte Ltd, wklek is m»H»g a cask •Her for tke remalalag UIC akarea, mam a ewtnittag •take. la Mi after iwameat yesterday, Wardley Ltd, aetlag aa Mall af Taag Bag, aald:241 words
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Article53 1983-10-01 12 HOTEL Orui CcatraJ hae the tndlag «T nTEm" The MpnriH, frwn yeeterd»y,le»ade 255 "TTSSST* Ike betel said the ewpuy wnli alee be rateMtag Hi laterim The betel's *ane had beea traded ■tiefli Bpward» rtaee the beglaalag ef laet ai—th. Preai abeat $1.11 a tee, the price53 words
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447 1983-10-01 12 LIM SOON NEO - By LIM SOON NEO DAH Yung Steel Co (S) Ltd has reported a sharp drop of 64.5 per cent in its pre-tax profit to $306,393 during the first half of this year, The industrial gas producer suffered a near 30 per cent drop447 words
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Page 12 Advertisements
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Advertisement91 1983-10-01 12 CHANGE OF COMPANY'S NAME Please note that with effect from October Ist, 1983, M/S J. 8. BODA AND ASSOCIATES (S) PTE. LTD. will be Known as PALOCCARAN CO. (SURVEYORS AND ADJUSTERS) PTE. LTD There is NO CHANGE WHATSOEVER IN THE NATURE AND CONTINUITY OF SERVICES RENDERED, AND OF THE OFFICE91 words
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Advertisement153 1983-10-01 12 TO THEBLOWOf I US$4OO,OOO I SELECT FEW C/MAR a a m* 9* rim ft >; 13 1 W. < ss: V? Recently arrived in Singapore is f one of the world's most prestigeous ocean going yachts. Designed by Robert H.Perry this 65 foot air conditioned beauty is Name, fitted with153 words
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Page 12 Miscellaneous
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Miscellaneous81 1983-10-01 12 OUTLOOK for today: Partly cloudy Jtntl hazy. ■epwt tar Mkm pri m to 7JI pm Sep »at the airport: Maximum temperature 31.5 Associated humidity 71 Minimum temperature 252, Associated humidity 88 Hours of sunshine 1.15 Rainfall In millimetres 14.5 Total rainfall for the month 160.4 Total rainy days for the81 words
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