The Business Times, 8 October 1983
1983-10-08
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section11 1983-10-08 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, OCTOBER 8, 1983 60 CENTS11 words
-
281 1983-10-08 1 THE Asean Inter-Parlia-mentary Organisation (Aipo) will invite the European Parliament to visit either Manila or Bangkok next year and will take the opportunity to discuss matters of mutual interest in promoting economic cooperation. At the same time, Aipo has urged the European281 words
-
283 1983-10-08 1 THE Housing and Development Board has purchased one of the largest computers for architectural designs in the world. Costing $7.5 million, the computer-aided-design and drafting (CADD) equipment is from Computervision of the United States. The purchase was made through the company's local distributor, CADCAM283 words
-
Article367 1983-10-08 1 HONGKONG'S Registrar General Noel Gleeson said yesterday he had filed a petition with the High Court for the winding up of the Carrian group subsidiary China Underwriters Life and General Insurance Co Ltd. "This action was prompted by the need to protect the interests367 words
-
204 1983-10-08 1 AP AN INTERNATIONAL Labour Organisation study published on Thursday said genuine disarmament could entail unpredictable economic and social consequences. It said over 51 million people work directly or indirectly in defence-relat-ed activities and contended that a "balanced and gradual" disarmament and the resultingAP - 204 words
-
556 1983-10-08 1 SOH TIANG KENG - By SOH TIANG KENG THE Chairman of the Gold Exchange of Singapore, Mr Ng Kok Song, yesterday called on banks to prepare for the financial futures market which is to be launched next year. In two separate appeals one to merchant bankers and the other556 words
-
Article257 1983-10-08 1 UPI A LARGE improvement (or black workers and small gains elsewhere pulled the September unemployment rate in the US down to 9.3 per cent, its lowest level in a year and a half, the Labour Department said. Unemployment fell by 275,000 people to 10.4 million,UPI - 257 words
-
BRIEFLY...
-
Article66 1983-10-08 1 AFP PRESIDENT Marcos yesterday ordered a freeze on wages and prices of fuel and basic commodities following the 21.4 per cent devaluation of the peso on Wednesday. The freeze was ordered following a special cabinet meeting on the country's current economic crisis spawned by a worsening balance ofAFP - 66 words
-
Article79 1983-10-08 1 AP A TEST well drilled in the Timor Sea between Australia and Indonesia indicates the Jabiru Field could yield up to 200 million barrels of oil, an oil analyst said. Broken Hill Proprietary Co, which is heading the consortium exploring the field, said its rig Ocean Digger recordedAP - 79 words
-
Article66 1983-10-08 1 Reuter THE Tokyo stock market hit a new high yesterday for the third successive day, spurred by the recent appreciation of the yen and growing expectations of a cut in Japan's key discount rate. The market average closed at 9,562.38, up 32.41 from Thursday. "The most important factorReuter - 66 words
-
Article75 1983-10-08 1 UPI CHEVROLET is dropping its 'USAI' advertisements since it plans to become one of the biggest sellers of Japanese cars in the nation, its marketing director said. Chevrolet, which refers to itself as 'USA 1' in advertising slogans, hopes by 1986 to be selling 400,000 cars a yearUPI - 75 words
-
Article49 1983-10-08 1 Reuter JAPAN'S semi-official Electric Power Development Corporation said it is asking Australia, China and South Africa to cut back contracted steaming coal imports. The corporation's president Shozo Kadota said slow domestic power demand and delays in construction of new coal-fired power plants made cuts necessary. Reu-Reuter - 49 words
-
Article59 1983-10-08 1 Reuter TWO Israeli soldiers were killed in an ambush in the southern Lebanese port of Sidon yesterday morning, state-run Beirut Radio reported. The radio said unidentified men hurled a hand grenade at a jeep escorting an Israeli convoy through the town. Two dead Israeli soldiers were seen inReuter - 59 words
-
Article54 1983-10-08 1 UPI SALES of Rolls-Royce cars in the United States rose 72 per cent in the past six months and have reached an all-time high, the company said. "Sales are higher there than at any time in the company's history," said Peter Ward, managing director of Rolls-Royce SalesUPI - 54 words
-
Article47 1983-10-08 1 INFLATION in Mexico last month was the lowest in nearly two years, the central bank announced. The consumer price index rose by 3.1 per cent in September, bringing inflation to 58.5 per cent for the first nine months of the year, Banco de Mexico said.47 words
-
-
308 1983-10-08 1 Beater HONGKONG will be Administered by tbe Chinese lnhahitaats Uvtmg there sad Its earreacy will remain when Chins regains sovereignty ever It, Chinese Foreign Minister fi Xneqiaa Mid. He added that there had been as progreos la talks ever the future sfBeater - 308 words
-
352 1983-10-08 1 UPI BRAZIL has reached agreement with key US and European banks for a five-year grace period on part of its US$9O billion foreign debt. The package was announced by Affonso Pastore, president of Brazil's central bank, and William Rhodes, the senior corporate officerUPI - 352 words
-
144 1983-10-08 1 PARTNERS of the Petrochemical Corporation of Singapore will meet again next week to thrash out matters related to the petrochemical complex. They had expected to wrap up their discussions on Thursday and yesterday but next week's meeting has become necessary because "there144 words
-
Page 1 Advertisements
-
Advertisement199 1983-10-08 1 \~.?)$,})`>^;$+:<:|+^|+"{\$${{; UJMDS US BANK failures may increase as the government further eases rules on what banks can or cannot do Page 2 ADMINISTRATION and congressional economists said US Treasury Secretary Donald Regan's suggestion that the 1985 US budget deficit could fall to the US$lOO billion range is overly optimistic Page199 words
-
Advertisement65 1983-10-08 1 Editorial...page C Join the big swing to Pinnacle m A v f s J* «gp rrf v V—- > fs. carries a no-cut v guarantee Come, join the big swing to Pinnacle on every course where excellence reigns. HI PAN-WEST (PTE) LTD. mmi p a/1 Orchard Vxjannro Tpi 1 165 words
-
Advertisement155 1983-10-08 1 International Banking Problems? Wfe have the solution. Hongkongßank has over 1,000 offices in 54 countries. A network of branches supported by technology that is among the most advanced in the world. Two facts which mean we can offer a highly efficient, timesaving service for the remittance of funds worldwide, and155 words
-
-
BANKING AND FINANCE
-
391 1983-10-08 2 Reuter A BILL vitally needed to finance the International Monetary Fund is expected to have only a slightly better than an even chance of winning final US congressional approval. "It is better than 50-50," one Senate Republican source said, "but notReuter - 391 words
-
204 1983-10-08 2 AUSTRIAN banks are pressing for the exemption of foreign investors and foreign currencies from a planned 7.5 per cent tax on interest on securities and savings. The government announced the planned tax recently as part of a package of measures to reduce the204 words
-
544 1983-10-08 2 Reuter A DEFIANT Argentine central bank president, held prisoner for three days by a maverick federal judge, returned home to Buenos Aires on Thursday promising to "do my duty". Julio Gonzalez del Solar will oversee the latest emergency measures to save Argentina's exhausted foreignReuter - 544 words
-
189 1983-10-08 2 TRAVELLERS cheqees will continue to flourish In spite sf competition from credit cards, a visiting American banker, Mr Wlllalm Creamer, said yesterday. Mr Creamer said that in international travel, tourists find that travellers cheques offer mare secarity than credit cards. He agreed189 words
-
Article288 1983-10-08 2 Reuter CANADIAN narrowly defined money supply M-l rose Csl.oB billion to $29.78 billion in the week ended Sep 28, Bank of Canada said. M-l-A, M-l plus daily interest chequable and non-personal notice deposits, rose $1.28 billion to $38.03 billion, and M-2, currency and chequable, notice andReuter - 288 words
-
259 1983-10-08 2 UPI A GROUP of banks involved in the controversy surrounding Marc Rich Co, a major Swiss commodities trader, sued the US federal government on Thursday to prevent the Internal Revenue Service (IRS) from seizing US$9O.4 million in assets. The banks claim a seizureUPI - 259 words
-
Article320 1983-10-08 2 INTEREST rates in the United States are now more likely to go down than up during the remainder of this year, says Manufacturers Hanover Trust Company, America's fourth largest bank. This is good news for Asia, where interest rates in normal times usually follow those in the320 words
-
176 1983-10-08 2 Reuter SPREADING activity in US Treasury bill, certificate of deposit (CD) and Eurodollar futures abated on the international monetary market as concerns about Argentina's debt problems subsided, traders said. Worries about Argentina on Wednesday caused a slight "flight to quality", with tradersReuter - 176 words
-
208 1983-10-08 2 AP US BANK failures, already at the highest rate in four" decades, could increase as the government furtheh eases rules on what banks can or cannot do, says the" head of the federal agency that insures deposits. "You give people moreAP - 208 words
-
Article85 1983-10-08 2 THE Bank of France spent between one billion and 1-5 billion francs in the week to Sep 29 supporting the Belgian franc in the European Monetary System, monetary sources said. During the week the Bel-' gian franc was close to or at its 14.97 francs per85 words
-
-
MONEY AND EXCHANGE$
-
Article475 1983-10-08 2 THE US dollar fluctuated within relatively narrow margins against most major currencies on the local foreign exchange yesterday. The market still seemed uncertain about the trend of the greenback and although there were light spurts of buying, the dollar ended the day on an easier note than when475 words
-
Article150 1983-10-08 2 THE DOLLAR yesterday fell back to a closing 231.90 yen, as large selling by Japanese exporters prompted liquidation of long-dollar positions by other operators. The dollar s fall below the opening 232.70 and the New York close of 232.65/80 was exaggerated in thin trading ahead of the long-weekend in150 words
-
Article22 1983-10-08 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.02 per cent.22 words
-
Article176 1983-10-08 2 ASIAN RATES ASIAN currency deposit interbank rates as at 5 pm on Oct 7: 7 days 1 month 2 months 3 months 0 months months 12 months US DolUra Oflar Bid 0 9/16 97/16 97/16 9 5/16 9 9% 9H 9H 9H 9H 913/16 911/16 915/16 9 13/16 Das. SwJn.176 words
-
Article45 1983-10-08 2 RANGE of price» ottered by discount houses on Oct 7: Overnight 3 Call deposits 2— 3 Bajriac SMliaf 3-month Treasury bUU 2* 2Vt 3-month Bank bills 7 7/16 7 5/10 3 months CD 6* 8* 6 months CD 7* 7 Source: National Discount Co45 words
-
Article49 1983-10-08 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 10 to Oct 14: Offered: $165,000,000 Applied for: $289,500,000. Allotted: $165,000,000. Accepted Mds: $99.34 approximately 54 per cent; higher bids in full. Average rale ef discount oa allotment: 2.640 per cent per annum.49 words
-
Article348 1983-10-08 2 GOLD futures in Singapore yesterday fluctuated narrowly throughout the session in quiet trading before closing slightly firmer compared with New York's level. Total sales for the day were recorded at 107 lot: while kerb volume was 55 lots. Prompt closed slightly higher at' US$396 397 an ounce compared with348 words
-
Article36 1983-10-08 2 New York 10 258 10 368 10.3BS 10 «S Zurich 10 25B 9JSB 10.35S VaJ IKS HHM Singapore Fit 10.25B 10.37B 10.35S 10.47S Closing price* in US dollar* troy ounc Source: Credit Suisse, S'pore36 words
-
Article20 1983-10-08 2 THE US dollar yesterday weakened in late Hongkong exchanges, still over-" shadowed by expectations of lower US interest rates.20 words
-
Article30 1983-10-08 2 THE dollar yesterday opened lower after Its modest gains late in New York were lost overnight in the Far East following liquidation of some long holding*, by commercial operators.30 words
-
-
Page 2 Advertisements
-
Advertisement160 1983-10-08 2 A comprehensive 4- Day Seminar to provide a platform for the mutual exchange of knowledge in the handling of dangerous goods. For shippers, agents, environmentalists and interested corporations and personnel in the trade. Panel of speakers comprises top local and international authorities and experts in their respective fields. Coverage of160 words
-
Advertisement101 1983-10-08 2 Double Your Money in the coming years! DCT INVESTMENT SERVICES Investment Units of Singapore Dollars 10.000/ 20.000/ 30.000 etc. Investment Units of US$ D.Marks, Swiss Frs, etc Investor's Choice. Ask for a DCT No-Risks Investment Agreement spread over 30 Futures. Backed by GOLD, SILVER, PLATINUM. GRAINS, CATTLE, CRUDE OIL. etc.101 words
-
-
TRADE AND INDUSTRY
-
409 1983-10-08 3 LEE HAN SHIH - By LEE HAN SHIH FOREIGN contractors were given another chance yesterday to have a crack at the Housing and Development Board's massive building contracts. In the past few years, construction firms from Australia, France, Japan and Korea have won more than $2 billion worth409 words
-
Article113 1983-10-08 3 DOYLE Dane Bern bach, the sixth largest American advertising agency, plans an Asian/Pacific network of offices within the next few years. The agency will soon register DDB (Singapore) as a wholly-owned office and will also be looking at the possiblity of opening a Malaysian office and another113 words
-
Article774 1983-10-08 3 SEMINARS AND COURSES Oct 8-15: Performance Evaluation Workshop, POD Training Centre at Waterloo Centre, Personnel and Organisation Development (Pte) Ltd Oct 10-11: Selling for Success, SIM Conference Room, Singapore Institute of Management Oct 10-11: Planning and Budgetary Control for Managers, York Hotel, Price Waterhouse Associates Oct 10-11: Data774 words
-
Article, Illustration307 1983-10-08 3 JOANNE YAP - By JOANNE YAP THE LAST of the eight turbine-generators installed at the Senoko Power station was started up yesterday by Dr Tony Tan, the Minister for Trade and Industry. This is the third and final stage of the Senoko Power Station project, which307 words
-
Article231 1983-10-08 3 INDUSTRIAL accidents reflect a failure in management and one of the root causes of such accidents could be a lack of management safety policy. Speaking at the opening ceremony of the woodworking industry safety month, Mr Ho Kah Leong, Parliamentary Secretary (Education), identified management leadership as231 words
-
353 1983-10-08 3 SINGAPORE continues to be an attractive choice for high-technology investments, but its strategic location must be supported by a responsive regional market. A visiting Dutch study team has suggested that a more open market system in the area would make hightechnology ventures more worthwhile353 words
-
Article215 1983-10-08 3 THE IMPACT of computers on management will be the focal point of a symposium in November organised by AIESEC, the international association of students of economics and management. Sponsored by IBM and jointly organised by the Institute of Systems Science at the National University of Singapore,215 words
-
Article268 1983-10-08 3 A PETBOL klsak site smack la the heart at the Central Baaiaeae District Ia being «tiered far tender by Its develsper, the Urban Redevelopment Authority. The 372 aq metre site an the grsand Oaar «I the Market Street Charch Street maltl-storey carpark Is described268 words
-
Article37 1983-10-08 3 TOURISM earnings in 1962 increased by 8.3 per cent to an estimated $4.1 billion and not $4.1 million as reported in the story headlined "Decline of 14 per cent in STPB's net surplus" on Oct L37 words
-
481 1983-10-08 3 KOH TSE YING - By KOH TSE YING A NEW company called Sunergy (S) has taken over the interests of the now defunct venture, Solar Generators Pte Ltd. Owned by three businessmen, the company was formed recently to purchase the assets of Solar Generators for 1500,000 en bloc.481 words
-
Article, Illustration295 1983-10-08 3 THE Chartered Bank has made the following appointments within its Singapore establishment: Blekanl W— khlak Cheag and AMa Twg Kak Wak have been appointed Visa Centre manager and manager of its Jalan Besar branch respectively. Prior to their new appointments, both were loans officers attached to the295 words
-
-
Page 3 Advertisements
-
Advertisement390 1983-10-08 3 Ffiß EfiST PLtfZfi i rm. mrr LUXURIOUS APARTMENTS Opening a new era in cosy modem living. A 14,000 sq.ft. hotel style lobby. Refreshing style in a quiet and picturesque elegance complete with all conceivable modem amenities, inspired with futuristic concept. Next to Hyatt Hotel, Scotts Road/Orchard Road Opposite American Club,390 words
-
-
OVERSEAS
-
596 1983-10-08 4 Reuter ADMINISTRATION and congressional economists said US Treasury Secretary Donald Regan's suggestion that the 1985 US budget deficit could fall to the US$lOO billion range is overly optimistic. Mr Regan told the US Chamber of Commerce that the 1965 red ink figure could fallReuter - 596 words
-
Article376 1983-10-08 4 Reuter BRITISH government minister Cecil Parkinson, who had been tipped as a potential prime minister, faces an uncertain political future after revealing a love affair with a former secretary. Politicians of the ruling Conservative Party fear the scandal over the Trade and Industry Secretary'sReuter - 376 words
-
Article723 1983-10-08 4 ARRIVALS Service Local Operator Number Time s From SLA SQII 0010 LAX/TYO PAA PA5 0015 JFK/STO/HKG FT FT71 0025 JFK/ORD/ANC/ CAL NRT/TPE CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL SLA SQ41 0720 MAA MAS MH601 0820 KUL CV CV796 0900 LUX/AUH MAS MH671 0905 KUL MAS MH811723 words
-
548 1983-10-08 4 UPI PRIME Minister Indira Gandhi yesterday declared federal rule over the state of Punjab and ordered thousands of paramilitary troops to quash terrorist killings by Sikh militants of Hindus, police, politicians and religious leaders. Shortly after the midnight proclamation, more than 2,000 border securityUPI - 548 words
-
352 1983-10-08 4 UPI US-SOVIET negotiations on reducing intercontinental nuclear weapons resumed on Thursday with officials excluding any chance of an early breakthrough The new round of talks in the strategic arms reduction series, after a twomonth recess, began with a plenary session between full delegations inUPI - 352 words
-
215 1983-10-08 4 UPI THE Mexican government has released the "document of objectives" for peace in Central America which was prepared by members of the peace-seeking Contadora Group and approved by Central American governments. The Contadora Group made up of the foreign ministers of Colombia, Mexico,UPI - 215 words
-
417 1983-10-08 4 UPI NICARAGUA has accused the CIA of using Costa Rican, Salvadoran and Honduran territory to unleash a "terrorist" air war that has included attacks on oil storage facilities, the Managua airport and major sea ports. Barricada, the official newspaper of Nicaragua's Marxist-led Sandinista front,UPI - 417 words
-
273 1983-10-08 4 AP US PRESIDENT Reagan has decided Mt to try far a summit accord to stop bribery ta world trade. A farmer Stale Department official, Mark Peldmaa, said yesterday that be "eaaaat fault that dedslen". Mr PeMmaa, a lawyer aaw la private practice,AP - 273 words
-
290 1983-10-08 4 AFP FDR the first time in six years, Pakistani security forces stood back on Thursday to allow an anti-govern-ment demonstration to take place without violence. The demonstration, in Lahore, Punjab, involved some 2,000 lawyers chanting slogans against Pakistani leader Zia ul-Haq. It wasAFP - 290 words
-
Article1046 1983-10-08 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Location Argos 129WB 8.10.83 2300 African Shpe FSB 0900-1100 B7 Nlpponica 52/515 8.10.83 2300 Harper FSB 1000-1100 G3 Cornelia Maersk 8311 9.10.83 0100 Maersk 51 1200-1300 P2 European E 127WB 9.10.83 0700 African1,046 words
-
380 1983-10-08 5 FT ISRAELI Prime Minister-designate, Yitzhak Shamir, has given the Israeli treasury the green light to prepare a drastic new policy designed to halt the deterioration in the economy. If the Knesset approves the new coalition on Monday, the Cabinet is then expected to beginFT - 380 words
-
177 1983-10-08 5 AP INDONESIA'S earnings from non-oil exports during the second quarter of this jntar increased to US$l.26 Ullion, a rise of 36.1 per <£nt compared with the first quarter, Trade Minister Rachmat Saleh told a Cabinet session in Jakarta on Ihursday. President Suharto, presiding over theAP - 177 words
-
219 1983-10-08 5 AP AN AMERICAN State Department official said the US is moving to respond to military aid requests from the Philippines, Thailand and Indonesia to modernise their forces. John Finney, deputy director of regional security affairs in the department's Bureau of Politico-Military Affairs, saidAP - 219 words
-
Article285 1983-10-08 5 Reuter MAJOR obstacles remain in Sino-Soviet relations and normalisation is impossible until they are removed, Chinese Foreign Minister Wu Xueqian said. Asked to comment on the resumption of talks in Beijing on Thursday between senior Chinese and Soviet officials, be said: "We hope the Soviet UnionReuter - 285 words
-
Article307 1983-10-08 5 WORLD IN BRIEF Agencies FRENCH Prime Minister Pierre Mauroy has warned Libya it would risk a direct confrontation with French soldiers if its troops made futher advances into Chad. But he described France's relations with Tripoli as "normal on all levels" and said the French government did notAgencies - 307 words
-
Article, Illustration484 1983-10-08 5 UPI Bernama THOUSANDS of Filipinos in at least three areas of the capital held noisy, anti-government demonstrations (or the third straight day yesterday amid opposition threats to stage a citywide sitdown strike aimed at ousting President Marcos. Anti-Marcos rallies were reported yesterday afternoonUPI; Bernama; UPI picture - 484 words
-
289 1983-10-08 5 Reuter SOVIET aircraft have intruded on US or US-defend-ed airspace a number of times in recent years but all the planes were rerouted without violence, US officials said. The chief of the US Alaskan air command, Lieutenant General Bruce Brown, testified at a SenateReuter - 289 words
-
-
Page 4 Advertisements
-
Advertisement21 1983-10-08 4 Fly Pan Am To The USA Daily And To More Than 45 U.S. Cities. Am. You Can t Beat The Experience;21 words
-
-
Page 5 Advertisements
-
Advertisement745 1983-10-08 5 *L." W*: <• "sTA ,jr. ..j; i■> lifjFVl'*-"—-''i x; <»«r *»>..»"_Y r &k'..<•*' •v. v.- *v •CVZaKW 2*""-w >v. i. *"ll <*****1- "^'"'i' 1 'T 11 I II m'm jft_ ii -r Ifsst#*: v !3foir» ■^s tTKI -V*, A' I f < 'S ar >* r y. t >-> Vi»745 words
-
-
Article500 1983-10-08 6 WHAT IF is the sort of question many people like to ask. They are trained from young, when algebra problems in schools go something like "if X equals 2 and Y equals 7, what is 2X plus 3Y minus 4XY". When they grow500 words
-
Under IMF eyes
-
Article681 1983-10-08 6 CHRIS SHERWELL - -By CHRIS SHERWELL BANKERS in Manila, Hongkong and Singapore expressed shock and surprise on Thursday at the unexpectedly dramatic growth in the Philippines' overall balance of payments deficit, the principal factor behind the government's sudden 21.45 per cent devaluation of the peso on i Wednesday. The figure681 words
-
Article596 1983-10-08 6 MICHAEL KAUFMAN - Much of the Third World is now officially bankrupt. Only the world's bank manager, the International Monetary Fund is keeping some countries afloat, and the monetary system intact. But in return for its assistance, the IMF imposes its own conditions. These are increasingly known as IMF Austerity596 words
-
Article, Illustration536 1983-10-08 6 Stea Lehmea - -By Stea Lehmea RECENT supermarket lootings in Brazil's two largest cities and in the impoverished northeast are examples of the social consequences that opponents of the government's IMFbacked austerity measures have been warning about for months. Politicians, economists, businessmen said the belt-tightening measures adopted by the government536 words
-
-
Page 6 Advertisements
-
Advertisement175 1983-10-08 6 As beautiful as a Greek god Thousands of years ago, the ancient Greeks discovered the art erf timekeeping. And with it created a mythology as rich as her culture. Today, a fine timepiece is no longer a myth, but a legend. A legend created by the Swiss craftsmen who honoured175 words
-
-
Page 6 Miscellaneous
-
Miscellaneous835 1983-10-08 6 T«V?MRWDTO SINGAPORE 5 12.40 PM Opening folowed by Sesame Street 1.40 Doctor Snuggles: Because of an unusual accident, Dennis the Badger suddenly becomes nasty. 2.05 Saturday Matinee Pete Kely's Blues: This is a delightful jazz drama about jazz musicians in the 1920s getting involved with gangsters. The film captures the835 words
-
-
Article, Illustration1573 1983-10-08 7 JUDITH MILLER - By JUDITH MILLER NYT A CASCADE of petrodollars over the past 10 years has dramatically transformed the contours of life in the Persian Gulf. But it has also brought economic and social problems that remain unresolved. And the decade of apparently limitless wealth isNYT - 1,573 words
-
Article284 1983-10-08 7 Going all the way with French THE French fondness for their own language francais more commonly described as chauvinism, a word incidentally derived from someone called Chauvin who was a fanatical adherent of Napolean has left its mark at the Economic Development Board. The EDB's latest284 words
-
884 1983-10-08 7 BERNADINE MORRIS - Women will be looking more like men next year. Or they will if Italian fashion designer Giorgio Armani has his way. At this week's fashion shows in Milan, Armani captured the critics, reporters and buyers with his plans to dress women in masculine clothes, butNYT - 884 words
-
Page 7 Advertisements
-
Advertisement451 1983-10-08 7 It TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON INTERNATIONAL FINANCE 20 21 October 1983 SINGAPORE CONFERENCE CHAIRMAN Mr K G R MaoLennan, Managing Director, Chartered Merchant Bank Asia Limited Standard THIRD WORLD DEBT AND ITS IMPLICATIONS FOR THE GLOBAL FINANCIAL SYSTEM Prttfvur Lee Sm Ann Dliwlw School of Pot>lg.-adoaie Hmirmral451 words
-
-
Page 7 Miscellaneous
-
Miscellaneous785 1983-10-08 7 TWO-11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 9 What the yokel in the Raping cape is eating? (54) 10 Take to court, say, for the money (3) 11 She knocked the beer back and most of the wine (6) 12 Put a picture on, to hide (6) 13 Go on a diet785 words
-
-
Page 8 Advertisements
-
Advertisement318 1983-10-08 8 Where to wine, dine and entertain SHI with the American Express Card BHHI you don t already have the Card > ca *****33 for an application form" MmvaWood Vjt this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It uses Chinese318 words
-
Advertisement176 1983-10-08 8 JAPANESE RESTAURANT ■"f For sushi. For teppanyaki. For other authentically Japanese delights. >;>.•>. i I < >r rv.st'rn it:< >n.s ia /.s'/ i «'iiliii'\ I 'j irk i« *i" il« »i i i ili'i i| m »r«' Ji,® m M Hi u ••4;, The Bali Hut Coffee House rs upgraded176 words
-
Advertisement245 1983-10-08 8 'A 1 i. Ml'// u, Discotheque O, ,xN We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars... groove to the pulsating rhythms spun by the dynamic music makers. Sotosa Sound Services BusiMM Hours ft Fk*t Drink Charge Wwkdeys 4 Bpm 2my $17.00. AM**245 words
-
Advertisement171 1983-10-08 8 The Quest fixGourmet Adventurers •A' <A ,-.r 30 At the Inn of Happiness. lYout search is over. The quest accomplished. Whatever you choose, it's bound to be memorable. Agreatplacetobe. i' §r J t t* >. V Dine in the grand tradition of emperors m Where sumptuous meals are prepared by171 words
-
Advertisement256 1983-10-08 8 I .l"" 1 ly»'( §1# A it plan. t<> um\iuil v. ii j, tru ndv Icl fill 1 t.tlctm<J kmik i-nu'il.HK w ilh SCtls.ifMMl.tl IllllslL uilllc SOU over a tot.! Jitiik. 20% discount on all Ji inks Jntum. happy hours ispni 7 pm d.uK Business hours; 4.(H)pm to I.ooam on256 words
-
-
RAW MATERIALS
-
Article1149 1983-10-08 9 COFFEE: Robusta -futures i yesterday improved on j early gains to end the morn- j ing £18 to £7 a tonne above Thursday night's finish, i Volume was a modest 974 i lots, including 42 crosses and three options. The most active Jan position stood at £1,860 bid1,149 words
-
Article172 1983-10-08 9 SOYBEAN futures in Chicago on Thursday ended 24 to 9Vi US-cents a bushel higher in active trade. November traded in a 27-cent range. Steady commercial buying and local short-covering firmed values after midession. The lower dollar and tight country movement supported prices through the day as traders awaited private172 words
-
Article141 1983-10-08 9 WHEAT futures In Chicago on Thursday closed four to Vi US-cents a bushel higher in extremely quiet trade. December traded in a sixcent range. Prices generally followed soybeans higher while light country selling lent a firm undertone. But a lack of fresh export business and trade talk that the141 words
-
Article158 1983-10-08 9 CHINESE Pradaee Exchange, Sappart, closing prices per 1M kg yesterday. Cae—l «II: Bulk fob $170.00 sellers, old drum (in second hand drum) fob $183.00 sellers, new drum fob $187.00 sellers. Capra: Mixed (loose) $103 buyers. Pepper: Muntok white pepper fob Asta NLW $365.00 sellers, Sarawak white pepper faq158 words
-
Article312 1983-10-08 9 SINGAPORE: Yesterday s closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 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 OA.312 words
-
Article70 1983-10-08 9 THE Malaysian crude palm oil market was closed yesterday and will reopen on Monday, Oct 10. LONDON Thar* Wed Malaysian 5% ffa bulk per tonne December T70.00elr 665.00alr Sumatra 5% ffa bulk October 680.00slr 665.00b li November 675.0Qalr 660.00slr December 670.0(klr 655.00alr January 670.00»lr 665 00alr Nigeria 5%70 words
-
Article370 1983-10-08 9 Reuter AUSTRALIAN Wheat Forecasters Pty Ltd (AWF) has lifted its forecast of the 1983/84 Australian wheat crop to 18.60 million tonnes from the 17.40 million estimated a month ago. The forecast, if achieved, would exceed the record 18.1 million tonnes harvested in 1978/79 and would be doubleReuter - 370 words
-
273 1983-10-08 9 VERY quiet and subdued trading conditions prevailed during the week as levels fluctuated within a two-cent range to finish the period about unchanged on balance, Hetliay, Catler, Bath M Cm said in its review of the Singapore and Malaysian rubber markets for the week ended273 words
-
Article214 1983-10-08 9 RAS price* In cent* per kUo yesterday: Noon (per Hio) Buyers Sellers lat. 1 R-S.S prompt f.o.b 91.00 229 00N lat. 1 R.S.S October 228.50 229.50 lit. 1 R.S.S. November 232 00 233JO lat 2 R-S.S 224.50 226JON UK Coot 223.50 225.50N lat 3 R.S.S. 230JO 222.SON UK214 words
-
Article195 1983-10-08 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsa Tan: China Blue Phoenix 20's 2,780, 32's 3,800, 40 s 3,915 (per bale of 400 lbs). Piece Goads: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and195 words
-
Article240 1983-10-08 9 THE RUBBER market in Singapore yesterday closed slightly lower with October One RSS buyers quoted at 227.50 cents per kilo, down 1.25 cents from Thursday. After opening slightly higher at 229.00 cents levels eased on small profit-taking of November One RSS in light trading with the closure of the240 words
-
-
INTERNATIONAL STOCKS
-
Article182 1983-10-08 9 OCT 08 Fn GROUP B CORBEILLE A lr-Liquid* 494 +94 Carre four Financier* de L*Unton Lafarfe Moet-Henne**y Opn-Parlba* Penarrojrm Radlotechnlque GROU Compacnte Bancalre Oenerale m la 1336 TUB 254 -19 unch -19 Danone C 8 T (ThomaonCte Ftancalae dea PetroM Credit roneter De France 2300 m 156J0 9*0 110182 words
-
Article82 1983-10-08 9 OCT 06 Aef-Teiefunken BASF Barer BMW Commerxbank Contl Oumml Dm 5410 l&OO l« V) -0.4 1-3 0J Hoechst Hoeach Horten Kantadt KHD 164.70 103.70 ISO JO ***** ***** 2.1 0.7 IJ 05 3B.00B ***** 114J0 +ls Linda Mannesman n Preuitt| ***** 137 JO ***** 05 0J 15 Daimler-Benz SSOOOB82 words
-
Article84 1983-10-08 9 OCT M m Or Bru Lamb Hobo* 23» 4566 1S -13 FORWARD MARKET Actc W unch Arbcd 13* Astur MB -4 Pctro Rjri Dutch Stdro Soc Oen Bet( 8ofln» BoJnjr A ST» 2400 in 1830 5110 3420 -40 -5 15 -30 +•> -2D Bruetn Canpac Cock De Boers Eton84 words
-
Article94 1983-10-08 9 OCT 00 p, i>«f< Un 1(6 -0 Mediobanca M llano Am Ord Mondadorl Prt* ***** ***** 3300 Brl ***** -000 Montedtaon 107 CentraJe Ord 101 -100 Olivetu Ord 3270 Cond Acqua Ron Erldanla la 100 8640 -15 -11 Pirelli And C Pirelli Soa 3030 1530 Flat Ord 3030 394 words
-
Article188 1983-10-08 9 OCT 08 Actions Sulsses AJuaulaae Br. Alusuls— Rn. Brown Boreii Br Prancs 290 756 250 ira 1 15 5 -5 Sandos Reg. Sulaer Pc Sulser Ref. Swiss Bank Br Swiss Bank Corp Baf 2340 240 1480 304 233 -18 -10 1 -1 C1b« Oilcy Br. CUM Oelgjr PCno 1880188 words
-
Article220 1983-10-08 9 OCT OS Abitibi C* It unch Imp OU Into SSft If* •ft ft Alcan 4T7* SI S7ft 44* B 2ft unch -ft ft ft unch Lnt Pro* Ptpe Int Uto SDH 34ft ft Alsoma But Moot Bulk Not* Scotia Bell Tel BP Can Ltd InU Nickel Kerr Add Lotolaw220 words
-
Article273 1983-10-08 9 OCT Rand INDUSTRIALS Trust Bk Un Steel Unlsec Wool worth IB 110 rs ISO uneh -a uncb 15 A Alpha Abercom AE And CI Amaprop A MIC Barlows C O Smith CNA Currte Finance De Been Ind Edron 910 *J5 no no SOW 1*10 ao 400 -10 uneh -10273 words
-
Article182 1983-10-08 9 OCT 06 ABM Pit 300 00 4.3 HVA Intn Muller KM) 114 J0 17.40 30.70 unch 0J 0J Ahold itojo 02 KLM 19*00 3J Akmo AftfW to 00 140 >05 4.4 Mcncba Nunltri 90 70 44.40 -0J 0J Amfas 106.00 45 Nauonal N«d m jo I Amrobnk 62.90 0J182 words
-
Article1124 1983-10-08 9 NEW YORK THE stock market on Thursday closed sharply higher on continued Investor hopes for an improved economy with lower interest rates as the Dow Jones Industrial Average surged to a record closing level. The DJ Index, which began rebounding early this week from a five-day downturn,1,124 words
-
-
Page 9 Advertisements
-
Advertisement180 1983-10-08 9 Were not original. Wortd Executives Digest The compact international magazine offering carefully selected time-saving condensations of management books and articles from all |ff|| over the w,prld. Worldwide management experience at your fingertips. We're concise. Subscribe now to WORLD EXECUTIVE'S DIGEST and get a double plus a hard-cover edition of The180 words
-
Article3048 1983-10-08 10 810 and offer prices officially luted 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 are quoted after the word "sett"3,048 words
-
Article3509 1983-10-08 10 Gr's Gr's Net 1983 Last Div Div rid P/E Vol Day High Low Company Sale or- Cvr (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 230 Acma 230 unch 7.5 35 150.0 2 230 230 354 148 Alcom 264 -2 5.0 3.8 15 235 28 286 2643,509 words
-
Article83 1983-10-08 10 BOl'STEADCO Slagapare Limited: EGM at 3rd Storey, Phoenix Building, 11 Palmer Road, Singapore on Oct 10 at noon. CI Holdings Berhad Sixth annual general meeting to be held at The Anggerik Room, 4th Floor, Hotel Equatorial, Jalan Sultan Ismail, Kuala Lumpur, on Oct 12 at 10 am. HUME83 words
-
642 1983-10-08 10 UPI THE Bechtel engineering and construction "machine" is so big and ponderous that next year when the world economy is expected to be on the upswing again, Bechtel will still be on the downslope. "We lag the economy," said president Alden PUPI - 642 words
-
Article863 1983-10-08 10 THE local stock market regained some ground yesterday after four day* of heavy falls. Analysts say technical rinddwatliM coaid be the major factor in the market's immediate movements. The Business Times Composite Index closed 8.84 points better at BIS.II and the Straits Times Indnstrlai Index863 words
-
Article176 1983-10-08 10 Managers' prices for Oct 8/11 SINGAPORE UNIT TRl«T The Commerce 3.31 3.52 The Savings Fund 1.91 2.03 S pore Prog Fund 1.45 1.54xd S pore Sec Fund 2.18 2.31 S pore Invest Fund 1.11 1.18 S pore Equity Fund 1.51 1.60 ASA UNIT TRUST Mai Invest Fund 2.79176 words
-
COMPANY NEWS
-
448 1983-10-08 11 Reuter RESPONSES from members of the London Stock Exchange show a growing preference for a once-for-all rather than gradual abolition of minimum commission rates, exchange chairman Nicholas Goodison said. However, the exchange council does not expect to be in aReuter - 448 words
-
Article167 1983-10-08 11 A THE disappointing interim results released by Premium Holdings Bhd, now renamed Landmarks Holdings Bhd, lend justification to the company's diversification into hotel and properties. During the half-year to June 30, 1963, the group experienced a sharp drop in pre-tax profits to M 5356,000 (from $1.29167 words
-
538 1983-10-08 11 Reuter ALTHOUGH the investing public in the US has turned away from many big money centre banks because of their exposure to international debt, banking analysts say major bank stocks could improve when the international economy recovers. Major banking stocks have been under pressureReuter - 538 words
-
Article379 1983-10-08 11 Reuter THE New Zealaad United Corporation share Index brake the Ijm mark for the first time yesterday, reflecting a M per eeat Increase In share prices since the beginning sf the year. The Index, base 1117, which registers the standing sf the 4« lendingReuter - 379 words
-
947 1983-10-08 11 UNITED Engineers (Malaysia) Bhd has achieved better than expected progress on its stock reduction and debts collection exercise. UEM chairman Tunku Tan Sri Mohamed bin Tunku Besar Burhanuddin, however. cautions in his latest annual statement that the results for 1983 and prospects for 1964947 words
-
277 1983-10-08 11 NYT THE American Telephone and Telegraph Co, which is beginning to enter overseas markets, is discussing a possible Joint venture with Olivetti, the big Italian office-equipment maker. Robert E Allen, ATAT's executive vice-president and chief financial officer, told a meeting of French bankers and analystsNYT - 277 words
-
Article494 1983-10-08 11 Canapaay Particulars Ex Date Baaks Amal Steel Sub-division of SI par into 2 shares of 50 cents each Proposed bonus issue of 1 for 4 NYA NYA Proposed rights issue of 3 for 4 (a, S1.00 per SO cents share Bonus issue of 1 for 1 NYA NYA494 words
-
Article842 1983-10-08 11 Carreat Bs Beak* Date Tata! far TataHar A B N PayMeat 13%I Date NYA CtaM NYA Payable NYA the year 13% Prevtaaa 26% Akam 2*%I Sep 15 Sep 27 Oct 25 2*% 5% AmI Steel 6%TE(b) NYA NYA NYA 8%TE ApaU* 5*1 Sep 26 Oct 3 Oct 28842 words
-
-
ASIAN STOCKS
-
Article421 1983-10-08 11 HONGKONG STOCKS yesterday closed substantially higher, recovering most of the week's losses on institutional support and a late strengthening of the Hongkong dollar. Leaders Cheung Kong rose 40 cents to HK$6.lO, China Light 70 to $10.90, HK Land 12.5 to $2.40, HK Bank 10 to $6.60, HK421 words
-
Article381 1983-10-08 11 A STRONG wave of buying, triggered by Thursday's surge on Wall Street, pushed share prices sharply higher yesterday to end at a record closing high for the third consecutive day. The market average added a provisional 0 32.41 to close at a record closing high381 words
-
Article110 1983-10-08 11 SHARE prices yesterday closed firmer on a turnover of 11.93 million pesos, up from 3.58 million on Thursday. OCT 07 Pens Acoje Mining Anglo Phil Apex Mining B AUas Con. B Bagulo OoM Bute Petroleum Benguet Con. B CDCP First Phil Hklgs Leptnto R Martnduque B Mmrstael Oriental B110 words
-
Article192 1983-10-08 11 SHARE prices yesterday closed generally steady in inactive trading after declining in the past two days. The Book Club Index rose 0.09 point to 126.50 with 102,662 shares traded, compared with Thursday's 134,605. Bangkok Bank, Siam Credit and Siam Cement closed unchanged at 256, 99 and 170 baht respectively.192 words
-
Article424 1983-10-08 11 SHARE prices yesterday closed higher in heavy trading, led by sharp gains among interest holders in Jabiru 1-A exploration well. BHP, Weeks Australia and Ampol Exploration rose in heavy trading in reaction to details of the first production tests. Brokers said results indicated considerable potential and appeared to support424 words
-
-
Page 11 Advertisements
-
Advertisement85 1983-10-08 11 THE BREAKTHROUGH SERIES Specifically developed to satisfy the real needs of people studying alone. Topics cover a range of business subjects for college and school students studying for examinations and for working people seeking to develop vital new skills and acquire essential new knowledge. Management $14.95 Practical Business Law $14.2585 words
-
-
Chief Price Changes
-
Article, Illustration224 1983-10-08 12 Rises Indices c c 070 35 Oct 6 Oct 7 M Bank lag 885 30 M Ceneat 8«l Propertiee 8 N P L 850 900 540 20 20 20 BT Composite: BT Indicator 884.77 *****97 893.61 *****33 Metro Hld(a 500 15 ST Industrials: 924.12 930.19 Keck Seag 545 15224 words
-
Article49 1983-10-08 12 H.K.HANG SENG Thursday 702.8 Week Ago 718.0 Thursday 700.92 Week Ago 758.33 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 711.4 Wednesday 707.8 Week Ago 888.7 Friday 883.5 Thursday 888.8 Week Ago 888.4 ALL ORDINARIES Friday 708.5 DOW JONES AVERAGE INDUSTRIALS Thursday 1288.80 Wednesday 1250 20 Week Ago 1240.1449 words
-
-
Article841 1983-10-08 12 SHARE prices closed mainly easier in quiet trading yesterday, in spite of the strong opening on Wall Street. At 3pm, the Financial Tiroes index was down 0.6 points at 710.8. doting middle prices of selected stocks, excluding stamp duty, were: RUBBER PHYSICALS LONDON, Thurs. Spot rubber closed at841 words
-
Article59 1983-10-08 12 AP THE NEW YORK stock market advanced broadly yesterday morning, continuing the rally that has carried the Dow Jones average to record highs. The average climbed a further 3.46 to 1,272.26 in the first half an hour. Gainers outnumbered losers by about two to one in theAP - 59 words
-
Article, Illustration534 1983-10-08 12 LIM SOON NEO - ■HI II Companies Editor: Mano Sabnani i By LIM SOON NEO HONG Fok Corporation has managed to sell about 95 per cent of the apartment units worth more than $110 million at its Teresa Ville condominium project located along Lower Delta534 words
-
Article512 1983-10-08 12 BESET by the uncertain outlook for the tobacco industry, Rothmans of Pall Mall (Malaysia) Bhd is looking forward to an economic upturn to improve its fortunes. In his latest annual review chairman Tunku Tan Sri Mohamed bin Tunku Besar Burhannuddin indicates that the Malaysian economy512 words
-
621 1983-10-08 12 PETRONAS has come out strongly against a major Malaysian oil company's accusation that the national oil corporation is using its regulatory functions to gain unfair advantage in the market where it competes for business with the private companies. Its managing director, Datuk Rastam Hadi,621 words
-
272 1983-10-08 12 LARUT Tin Fields Bhd, which is now 50.8 per cent owned by Multimart (M) Sdn Bhd, has asked the Kuala Lumpur Stock Exchange for a two-month extension before it releases its interim results for the six months ended June this year. This is to272 words
-
318 1983-10-08 12 COLD Storage (Malaysia) Bhd has reported a 16.1 per cent rise in group pre-tax profits to M 52.42 million for the first six months ended July 31, 1963. Unaudited results just released show this was achieved on the back of a318 words
-
269 1983-10-08 12 JOHAN Hoidlags BM ku reqiciM a ifMiiii la the tradlag af Its «tens m ike "Tr"* aai luh Lam per itick eiekugM from Oct 11. IVi to to mala toll aa orderly market far the spUtttag af Ito Msl par valae skarea269 words
-
Page 12 Advertisements
-
Advertisement674 1983-10-08 12 from The Singapore University Press S 'V,AP<HF \Wlan < OMPANV lAU I Now available at all leading bookshops. Distributed by rg FEDERAL PUBLICATIONS nT>J 2 Jurong Port Road. Singapore 2261 A member of The Times Organisation INDIRECT TAXATION IN ASEAN This book makes available a tremendous amount of information, hitherto674 words
-
-
Page 12 Miscellaneous
-
Miscellaneous54 1983-10-08 12 OUTLOOK for today: Fair and sunny. Re pert far 24 bears prUr U 7JI pm m Oct 7 at the lirpirt: Maximum temperature 31.3 Associated humidity 73 Minimum temperature 23.7 Associated humidity 95 Hours of sunshine 3.15 Rainfall In millimetres 5.0 Total rainfall for the month 20.9 Total rainy days54 words
-