The Business Times, 15 October 1983
1983-10-15
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The Business Times
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Title Section10 1983-10-15 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, OCTOBER 15,1183 60 CENTS10 words
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418 1983-10-15 1 Reuter, UPI THE White House has warned Iran that any move to close the Strait of Hormuz and block the Gulf oil route will be viewed as a serious threat meriting action by the US. No specific contingency plan was disclosed. ButReuter,; UPI - 418 words
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169 1983-10-15 1 Reuter UPI THE United Nations Command said yesterday it was investigating a charge by North Korea, denied by the South, that South Korean troops opened fire on a northern post along the demilitarised zone (DMZ) separating the two Koreas during the night. ItReuter; UPI - 169 words
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Article, Illustration373 1983-10-15 1 FINANCE Minister Hon Sui Sen died of a heart attack yesterday at the ripe age of 67. His sudden death brought to an end 44 years of public service, 13 of them as Finance Minister. To the very end, the devout Roman Catholic was a373 words
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148 1983-10-15 1 Reuter ISRAELI Prime Minister Yitzhak Shamir has dismissed proposals to link the Israeli economy with the US dollar as impractical. Shortly before Mr Shamir went on television on Thurday night to rule out the proposals, Finance Minister Yoram Aridor told a special CabinetReuter - 148 words
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421 1983-10-15 1 Reuter MAJOR industrial nations have announced agreement on a system for fixing interest rates on government-backed export credits, thus averting the threat of a costly creditrate war. A wrangle on the issue dating back several years intensified in recent months, with the European EconomicReuter - 421 words
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Article179 1983-10-15 1 UPI ANTI-GOVERNMENT protests spread across Manila yesterday as President Ferdinand Marcos announced he would reorganise an investigation into the murder of opposition leader Benigno Aquino. Thousands of workers in at least six parts of the city showered streets in confetti, shouted slogans and hung antiMarcos postersUPI - 179 words
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BRIEFLY...
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Article70 1983-10-15 1 UPI OPPOSITION lawmakers in Japan boycotted Parliament for the second straight day yesterday to force a vote on a resolution seeking the ouster of former prime minister Kakuei Tanaka following his conviction on a bribery charge. All major,opposition parties vowed to stay away from Parliament deliberations unless theUPI - 70 words
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Article83 1983-10-15 1 AFP A PLOT to overthrow the Indonesian government has been uncovered in the central Javanese town of Yogyakarta in which a Middle East country is suspected to be involved, an armed forces intelligence spokesman in Yogyakarta has charged. Major Wahyoe Soewardhi and district head of the information departmentAFP - 83 words
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Article70 1983-10-15 1 UPI SEVERAL oil company customers are opposed to British National Oil Co's plan to raise North Sea crude prices by an average 30 cents a barrel, the Opec news agency said. The proposed price increase by the British state oil company would be retroactive to Oct 1UPI - 70 words
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Article85 1983-10-15 1 UPI A US marine was shot and killed and another wounded yesterday by snipers firing at the marines around their south Beirut headquarters, officials said. Gunmen exchanged small arms fire with the US troops. A marine spokesman, Major Robert Jordan, said the first incident broke out atUPI - 85 words
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Article44 1983-10-15 1 Reuter WARSAW pact foreign ministers said it was essential that Geneva arms talks continue beyond the end of the year even if agreement between the Soviet Union and US had not been reached, the official Soviet news agency Tass reported. Reu-Reuter - 44 words
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Article63 1983-10-15 1 Reuter BRITISH Cabinet Minister Cecil Parkinson resigned yesterday to stem controversy over his self-con-fessed adultery and save Prime Minister Margaret Thatcher further embarrassment. Mr Parkinson, 52, quit as Secretary for Trade and Industry nine days after publicly disclosing he had had a long-running affair with his former parliamentaryReuter - 63 words
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Article63 1983-10-15 1 THE chairman of Warner Communications Inc, which has reported big losses for the first half of this year, has announced that the company is immediately laying off 30 per cent of its corporate staff. The diversified communications and entertainment company's 1983 losses have been attributed almost63 words
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Article39 1983-10-15 1 UPI POLICE in New Delhi tightened security in the city yesterday after "professional" terrorists bombed two movie theatres, killing five people and injuring 20 others. Unknown terrorists bombed the two separate movie theatres on Thursday night. UPIUPI - 39 words
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317 1983-10-15 1 HONG Fok Corporation has reached agreement to sell Its 8.4 per cent investment stake In International Associated Company Pte Ltd for $11.8 million cash. IV sale of 84,121 shares of $11 each, was made to Tlan Teck Holdings Ltd, which Is317 words
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542 1983-10-15 1 RICHARD SEAH - By RICHARD SEAH NEW packaging has boosted the consumption of carbonated drinks in Singapore. Singaporeans are drinking a lot more from cans and from taps, or rather, from drink dispensers. And now, new disposable bottles are expected to make them drink even more542 words
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Page 1 Advertisements
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Advertisement250 1983-10-15 1 BUSIER BETTER SE Asia 3rd International Exhibition of Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel: *****12 kbqids AN AMBITIOUS attempt to resolve Brazil's debt problems seems to have won a positive reception from Japanese and other Far Eastern banks Page250 words
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Advertisement136 1983-10-15 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. I .v X Tests carried out by a Swing Robot, the most reliable golf testing equipment to date, have proven Yamaha carbon composite clubs to be top in carry or distance, top in directional stability, top in strength and elasticity. The136 words
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Advertisement283 1983-10-15 1 BUSIER S E Asia 3'o International E*rtit>tiort o' Printing Graphic Arts Equipment 4 Supplies 9-13 November 1983 WORLD TRADE CENTRE ASIAPRINT '83 An Interfama organised sho\,\ Tel: *****12 ASIAPRINT S-ngoocxe Deoie«s ASIA WATCH CIMTH •0' '6 «a»o°g C«"'>e CMtW CMIOMO (JIW(UJR) *03 30 03 4' COffTMA WATCH CIMTVI FTI LTD283 words
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BANKING AND FINANCE
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419 1983-10-15 2 FT AN AMBITIOUS attempt to resolve Brazil's debt problems by putting together an US$ll billion financial package including more than half in commercial bank loans seems to have won a positive reception from Japanese and other Far Eastern banks. The rescue package wasFT - 419 words
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178 1983-10-15 2 Reuter THE Bank of Canada appears to be looking closely at real interest rates in determining monetary policy. AJ Thomson, senior economist at the Royal Bank of Canada, said: "It is probably fair to say that the Bank of Canada is unwilling for exchangeReuter - 178 words
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325 1983-10-15 2 AFP THE next realignment in the European Monetary System (EMS) will take place in the early months of next year, monetary analyst Maxwell Stamp Associates said in its latest report. The French franc and Italian lira will be devalued and the DestchemarkAFP - 325 words
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284 1983-10-15 2 Bernama AFP MALAYSIAN Prime Minister Datak Seri i)r Mahathir Mohamad said yesterday he woald leave it to the pa blip to arrive at their own conclusions on what had been said so far on the Bnmipatra Malaysia Finance (BMF) Hongkong loans affair. HeBernama; AFP - 284 words
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177 1983-10-15 2 Reuter TOKUSUKE Tanaka, number three man in Japan's ruling Liberal Democratic Party (LDP), has urged the government and the Bank of Japan to take measures to help the yen strengthen against the US dollar, officials said. Mr Tanaka, chairman of the LDP PolicyReuter - 177 words
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323 1983-10-15 2 FT MIDLAND Bank of the UK is turning to the US markets for the first time to raise up to US$4OO million in loan capital. But unlike Barclays and National Westminster, which have done the same over the past couple of years. Midland willFT - 323 words
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349 1983-10-15 2 Reuter BRITISH sterling M 3 money supply growth will probably remain within the government's 7 to 11 per cent target range for a while, although it will probably be closer to the top of the target in coming months, said DavidReuter - 349 words
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261 1983-10-15 2 Reuter THE JAPAN Development Bank said yesterday that it is studying the possibility of resuming flotation of its government-guaranteed bonds on the New York market where it last raised US$lOO million in July. 1976. A spokesman in Tokyo said the bank,Reuter - 261 words
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Article142 1983-10-15 2 Reuter FOREIGN borrowers have plans to make three Samurai bond issues through public placements to raise 50 billion yen in November and four issues to raise 75 billion in December. Underwriters in Tokyo said yesterday that in the November issue calendar, the Inter-American Development BankReuter - 142 words
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Article254 1983-10-15 2 Reuter THE US dollar will probably not decline much against foreign exchanges due to stable US interest rates, but a large projected US trade deficit will eventually depress the American currency. Bank of America economist Emanuel Frenkel said yesterday that analysts are projecting a trade deficitReuter - 254 words
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622 1983-10-15 2 Reuter CHINA has learned painfully that the granting of local economic freedoms, which have paid dividends in recent growth, must sometimes be qualified by the stick of central monetary control, and it has set up a proper central bank. Leaders of theReuter - 622 words
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Article22 1983-10-15 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.00 per cent.22 words
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Article215 1983-10-15 2 ASIAN ASIAN currency deposit interbank rates as at 5 pm on Oct 14: U8 Dollar* Offer Bid 7 days 9* 9* 1 month 9*» 9M> 2 months 9 11/16 9 9/16 3 months 913/16 911/16 6 months 9H 9*> 9 months 10 1/16 9 15/16 12 months 10 3/16 10215 words
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Article47 1983-10-15 2 RANGE of prices offered by discount houses on Oct 14: Overnight: 3 Call deposits: 2 3 ClociM Buying Selling 3-month Treasury bills 2 s 2W 3-month Bank bills 79/18 77/16 3 months CD 7 6'4 0 months CD 7 1/16 6 15/16 Source: National Discount Co47 words
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Article49 1983-10-15 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 17 to Oct 21: Offered: $130,000,000 AppUed for: $236,000,000. Allotted: $130,000,000. Accepted bids: $99.34 approximately 48 per cent; higher bids in full. Average rate of discount on allotment: 2.625 per cent per annum.49 words
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Article89 1983-10-15 2 THE dollar yesterday eased slightly in early trading after opening higher, but was still above Thursday's close as operators adjusted' positions ahead of the weekend. Opening quotes yesterday: US 1.4935 45 Can 1.8385 415 Cross 1.2325 2328 D Mk 3.9025 70 D F1 4.3720 3765 F Fr 3.1670 70589 words
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Article508 1983-10-15 2 THE US dollar was traded stronger against major currencies on the foreign exchange market yesterday. The US dollar opened at 552.1345 55 against the local unit. It was traded to the day's low of $2.1340/50 before being brought up to a high of $2.1350 60. However, the greenback508 words
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Article241 1983-10-15 2 GOLD futures in Singapore yesterday closed firmer in line with higher overseas advices. Trading was quiet. Total sales for the day were recorded at 35 lots while kerb volume was 41 lots. Prompt closed stronger at U*****.50 402.00 an ounce against $396/399 in New York, December at $405.80/ 406.20241 words
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Article34 1983-10-15 2 New York 10.338 io.aoB 10.38S 10.25S Zurich 10.33B 10.22B 10.38S 10.27S Prt Am Singapore 10 38B 10.26B 10 43S 10.32S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore.34 words
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Article281 1983-10-15 2 THE DOLLAR yesterday closed at 233.50 yen after reaching a high of 233.70 yen on short-covering, well above the 232.55 70 New York close. Selling was prompted by reports of shooting along the Korean demilitarised zone. Reports from Seoul said the UN Command was investigating a charge by North281 words
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Page 2 Advertisements
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Advertisement105 1983-10-15 2 The long awaited FamousV&kitori From Roppongi,Tokyo. ft at V*- J 1 -V .more delicious, more succulent than any barbecue you have ever tasted before. Savour our Yakitori specialities served sizzling hot, straight from the grill and served with our secretly guarded sauces and condiments. Nanbantei Yakitori.. .try it and you'll105 words
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Advertisement126 1983-10-15 2 NOTICE OF FINAL REDEMPTION NMB SINGAPORE LIMITED US $124)***** QVz% GUARANTEED NOTES 1983 NOTICE IS HEREBY GIVEN to Noteholders that all outstanding Notes in the above described issue will become due and payable on November 15, 1983 at the redemption price of 100% of the principal thereof plus accrued interest126 words
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TRADE AND INDUSTRY
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323 1983-10-15 3 LISA LEE - By LISA LEE THE Peninsula group of hotels has signed a contract with Loews Representation International Inc (LRI) as part of its marketing move abroad. The contract will put the Peninsula, the Paramount and the Excelsior hotels, which constitute the group, on a reservation323 words
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244 1983-10-15 3 SEVERAL misplaced grease holes have delayed the opening of Cold Storage Centrepoint's Food Street for three months. These holes, located outside the tenants' premises, are also the cause of a prolonged tussle between the Cold Storage and the Ministry of Environment. Under a ministry244 words
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358 1983-10-15 3 LEE HAN SHIH - By LEE HAN SHIH THE largest supermarket and department store site ever built in an HDB estate is open for tender today. About 10 companies, including the Emporium group and Fitzpatrick, are expected to bid for the site which occupies the first two358 words
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153 1983-10-15 3 TWO local journalists, Miss Loh Hui Yin and Mr Yong Pow Ang, yesterday received the Mobil Asean Journalism Awards from the chairman of Mobil Oil Singapore, Mr Dorsey Dunn. Miss Loh of Business Times, and Mr Yong of the Singapore Monitor, are among seven Asean153 words
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277 1983-10-15 3 JAPANESE confectioners will be looking out (or joint ventures with their local counterparts when they exhibit their products at the Japan Confectionery Exhibition this weekend. The exhibition is the first of its kind in Asean. Mr T Ide, managing director of the277 words
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283 1983-10-15 3 SOUTH Australia is seeking Singapore investments to develop its tourist industry. In the pipeline are a multi-million dollar marina project near Port Lincoln, a 400-room international hotel in Adelaide, as well as the establishment of direct flights between Singapore and Adelaide. This283 words
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492 1983-10-15 3 MONICA GWEE - By MONICA GWEE IN A MOVE to sustain interest in the Quality Control Circle movement, this year's national QC Circle convention, to be held next month at the World Trade Centre, will have two new features. The convention on Nov 19 will feature492 words
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Article, Illustration282 1983-10-15 3 INCHCAPE Bhd has appointed David C Deamaa chairman and managing director. He succeeds PCS Deveson who becomes chairman at Inchcape (Hongkong) Ltd. Praak YC Yang taker over from Mr Denman as deputy chairman of Inchcape Bhd. Mr Yung, a senior Inchcape director, is also chairman of Telecoms.282 words
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Page 3 Advertisements
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Advertisement40 1983-10-15 3 Bache Securities.,, Celebrating 10 years of service ana contribution to the growth of Singapore as a major financial centre. Bache Securities Asia Pacific Ltd. 150 Cecil Street, #08-00 Wing On Life Building, Singapore 0100 lei: *****22 Telex: ***** Bache Securities40 words
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OVERSEAS
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236 1983-10-15 4 Bernama THE deputy general counsel of the suspended fact-finding commission on the assassination of Philippine opposition leader Benigno Aquino, Mr Amadeo Seno, has denied press reports attributed to him that two military men who had escorted Mr Aquino, were found "positive of gunpowder burns." HeBernama - 236 words
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628 1983-10-15 4 NYT THE Reagan administration has reportedly proposed to Congress a secret US$225 million plan to hone two Jordanian army brigades to serve as a special strike force in the crisis threatening Middle East oil supplies. According to congressional, administration and diplomatic sources,NYT - 628 words
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Article, Illustration135 1983-10-15 4 details by AP MOMENTS before a bmb expleslea In RtigMi, Barm*, that killed them last Saaday, them tap Saath Kareaa officials were lined ap satside the Martyrs' Maaseleam, waiting far the arrival d President Chaa Dm-Hwu, who was ta take part ladetails by AP; UPI picture - 135 words
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Article786 1983-10-15 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFKSFOHKG FT FTT1 0025 JFK/ORD/ANC/ NRT/TPE CAL CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL SIA SQ41 0720 MAA MAS MH601 0620 KUL CV CV796 0900 LUX/AUH MAS MH671 0905 KUL MAS MH811 0910786 words
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329 1983-10-15 4 Reuter MALAYSIA'S sultans appear to have ended their opposition to a controversial bill to curb the King's powers which threatened to plunge the country into a constitutional crisis, political sources said on Thursday. Prime Minister Datuk Sen Dr Mahathir Mohamad and the country'sReuter - 329 words
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Article236 1983-10-15 4 AFP BANGLADESH was becoming independent after banning more than 1700 medicines made by multinational corporations, a spokesman for the Brothers of Men humanitarian organisation said Strasbourg, France, on Thursday. Mr Bernard Kervyn said Bangladesh was the first developing country to follow World Health Organisation (Who) recommendationsAFP - 236 words
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479 1983-10-15 4 UPI THE US National Council of Churches today made public its controversial "inclusive language" lectionary the Bible readings used in public worship recast in nonsexist language. Two of the council's 31 members, the Lutheran Church in America and the Eastern Orthodox Church, immediatelyUPI - 479 words
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444 1983-10-15 4 Reuter IN A surprise move loaded with foreign policy implications, President Reagan has named his national security adviser, William Clark, to succeed the controversial James Watt as interior secretary. Mr Reagan's announcement on Thursday stunned Congress and environmental groups. It led to speculation thatReuter - 444 words
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Article1076 1983-10-15 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Oparator Gdna FCL Location Monte Ruby 09B 15.10.83 2300 MOSK FSB 0800 -1100 L2 Ratana Bhum 154/155 16.10.83 0700 S'pore Shpg FSB 0700-0800/1800-1900 N2/N2 Tambang VII 7182 16.10.83 0800 Cahaya TA 3 1600-1700/1900-2000 B3/B3 K Jacejln1,076 words
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Article, Illustration366 1983-10-15 5 Reuter DEMONSTRATORS maintained a blockade of a US army base in Bremerhaven, West Germany, into a second day as West Germany's anti-nuclear movement began to widen protest against nuclear missiles in Europe to other US installations. More than 2000 demonstrators on Thursday began a three-day protestReuter; UPI picture - 366 words
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347 1983-10-15 5 UPI IN A stormy debate including jeers and insults, the ruling Conservative Party on Thursday soundly rejected an anti-immigration call that speakers denounced as racist. The motion to ban nonWhite immigration was presented by rightwing MP Harvey Proctor who told the Conservative convention: "It is bestUPI - 347 words
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Article, Illustration523 1983-10-15 5 Reuter US FEARS that high technology exports to China might fall into the hands of third countries, such as North Korea, are still blocking a deal with Beijing, a senior state department official said on Thursday. The official, briefing reporters as Chinese foreignReuter - 523 words
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Article139 1983-10-15 5 AFP US DEPUTY Secretary of Commerce Lawrence Brady, who favoured stiff US trade restrictions against the Soviet Union, announced his resignation in Washington on Thursday. Following the Soviet shooting of a South Korean airliner on Sept 1, Mr Brady had advocated severe trade sanctions against the Soviet Union,AFP - 139 words
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463 1983-10-15 5 UPI FOUR high school students whose home computers were seized by the FBI blamed a mysterious teenager called "The Cracker' for teaching them how to illegally tap a commercial network. In Detroit, WDIV-TV reported the FBI raided at least 12 homes in six states and seizedUPI - 463 words
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228 1983-10-15 5 AP THE US ikart if wsrid exports nf manufactured goods declined la fee first qoaner sf IKS to 18.1 per cent, the lowest level siace the third quarter of IM, the US commerce department reported on Thursday. The dollar value of US exparto ofAP - 228 words
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430 1983-10-15 5 Reuter SALOMON Brothers' chief economist Henry Kaufman said a reduction in the US budget deficit would produce lower interest rates for no more than a few months. In remarks prepared for delivery in Washington to the UN Association Economic Policy Council, MrReuter - 430 words
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Article335 1983-10-15 5 Reuter BRITAIN'S former Foreign Secretary Lord Carrington has been widely tipped as the most likely successor to Nato Secretary-General Joseph Luns, who said on Thursday that he would resign in December. Western diplomats in Brussels yesterday said Lord Carrington, 64, who resigned at the outbreak ofReuter - 335 words
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220 1983-10-15 5 UPI PRESIDENT Reagan has agreed to set into motion the machinery of a ReaganBush re-election campaign, the campaign chairman said. Armed with long-awaited consent from the candidate, Senator Paul Laxalt announced on Thursday that the Reagan re-election campaign committee would open for business next weekUPI - 220 words
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Page 4 Advertisements
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Advertisement25 1983-10-15 4 Pan Am's Space Seats Around The World More Seat room, More Legroom, More Space To Stretch Out. hj-: Pan Am.You Can t Beat The Experience.25 words
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Page 5 Advertisements
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Advertisement272 1983-10-15 5 ALEXANDER HAMILT INSTITUTE (USA) proudly announces another Top Selling Management Manual )UK k>n CONTENTS What is negotiation? The process of bargaining and problem solving How to plan your negotiations Critical oral negotiation behaviours The tricks of the trade Methods to counteract negotiating tactics A key negotiating resource personal style Assessing-the272 words
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Article420 1983-10-15 6 WEIRDNESS is in the eye of the beholder. Can there have been a generation which did not look at the dress and behaviour of the following one without despair? "You can't go out looking like that," is a shout that must have rung down the ages. The420 words
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Article983 1983-10-15 6 PAUL TAYLOR - By PAUL TAYLOR FT THE American banking industry remains deeply divided over two of the major challenges facing it, deregulation and international lending. On these, and a wide range of other issues covered during the fiveday American Bankers Association (ABA) meeting, which ended on Thursday,FT - 983 words
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Article300 1983-10-15 6 Reuter LOCAL wateh manufacturers, miffed at Preach restrio dons on their experts, have begun a aew slpdown strike against cognac. A campaign relaunched this week urges the British colony's SJ million people te "sip year cognac, don't gulp it." Hongkong exports more watches thaa anywhere elseReuter - 300 words
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Article, Illustration590 1983-10-15 6 STEVE LOHR - By STEVE LOHR NYT PERHAPS the most striking sign of the changes that are reshaping the Japanese pharmaceutical industry came in August when the American firm Merck t Co bought a controlling interest in the Banyu Pharmaceutical Co, a major drug maker in Tokyo. Merck's US$3l4-millionNYT - 590 words
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Page 6 Advertisements
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Advertisement113 1983-10-15 6 How to deal with everyday ailments. The next best thing to having a doctor in your family. r Exercise Relaxation The collected advice of a group of highly qualified and experienced doctors, presented clearly and concisely. How to give emergency first aid How to correctly identify symptoms and take the113 words
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Page 6 Miscellaneous
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Miscellaneous867 1983-10-15 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street: Children can learn the letters 0 and Q and the number 5 in today's programme. 2.00 Doctor Snuggles: (cartoon) 2.25 Antarctica The Unowned Land: Antarctica is the coldest and least known of all continents. In this unique land we witness some867 words
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Article, Illustration1085 1983-10-15 7 LEE YOKE MENG - Asia-Pacific now owns and manages two of the latest exclusive eating places the Cherry at Shell Tower, and the Restaurant 1819 (pictured left). Both aim to be exclusive without being costly, something Mr Bhatia claims is different from the image the previous Restaurant 18191,085 words
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Article, Illustration519 1983-10-15 7 BRIAN CATHCART - By BRIAN CATHCART Reuter MANKIND has scaled new heights of achievement this year in turkey breeding, coin balancing, marathon crawling and fingerg-tip press-ups, according to the latest Guinness Book of Records, published yesterday. But in smoke-ring blowing, milk bottle balancing, boot throwing and riding inReuter - 519 words
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Article, Illustration298 1983-10-15 7 A BOUQUET of roses? A second look shows that the flowers are not real. But this is one bunch of artificial flowers no woman would refuse. A more careful look reveals what it is made of money. The roses, along with other flowers, shrimps, butterflies,298 words
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Page 7 Advertisements
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Advertisement563 1983-10-15 7 Times iNEW ■BESTSELLERS! of the month art® THE MOON IN THE WATER by Pamela Belle Thomazine was born under a dark and troublesome star. Orphaned at ten years old, she met the headstrong Francis during her young years, the years when they both dreamed of the mystic unicorn. But the563 words
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Page 7 Miscellaneous
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Miscellaneous764 1983-10-15 7 -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 9 Taking the rollers out of one's hair and running down (9) 10 Maybe the drunken char has come into money (9) 12 Turning to ogle, as you dance (4) 13 A duck caught in a hollow (6) 14 Trilled a song coming back, having764 words
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Page 8 Advertisements
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Advertisement1015 1983-10-15 8 Where to wine, dine and entertain Bill! with the American Express Card "if you don't already have the Card, call *****33 for an application form" V A a j 4 1 vM e ®L M £L Dtscofheqve ?///!lV\^ We're blasting off tonight and every night at Para Wave Discotheque Take1,015 words
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Advertisement187 1983-10-15 8 (wi jyf A jtre.it plate to unwind wirh friend v. Let i»ur 2 talented hands entertain you with sensational musk while sou sip over a cool drink 20% discount on all drinks during hours dail ('pni m ft ror information reservations, please call *****22 ext 133/917 or dircct line 734187 words
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INTERNATIONAL STOCKS
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Article1137 1983-10-15 9 NEW YORK STOCK PRICES closed mixed on Thursday as a late improvement in select blue chip issues kept the market from recording a third consecutive loss. The Dow Jones Industrial Average, erratic most of the day, ended nearly two points higher around 1261. On the broader market,1,137 words
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Article166 1983-10-15 9 OCT 13 Frs CORBEILLE Latarge Moet-Hennessy Opfl-Parlbas Penarroya 250 1326 151 48 -8 -3 4.1 1 Aqultalne Nat Des Petrole B S N Gervals Danone C S F f ThomsonCsf) 109.30 2305 174 2.8 45 -4 Kadlotecnnlque 408.50 GROUP C Compagnle -3.5 Cte Francalse 152.90 -2.5 Generate Credit Fonder166 words
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Article90 1983-10-15 9 OCT 13 Dm Hoesch ***** 13 Horten 187 00B Aeg-Telefunken 8330 0.4 Karstadl 270.00 4 BASF *****B KHD ***** -3 Bayer 153.90 -11 Llnde 390 00 -2 BMW 305 SO 8 Mannesmann 139.20 unch Commerzbank 188 00 1.4 Philips Komm 343 00 9 Contl Oumml 118.00 1.2 Preussag 26490 words
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Article66 1983-10-15 9 OCT 13 Frs Gr Bru Lamb 2400 -25 Hobok 4596 25 FORWARD MARKET Petro 5600 -30 Ryl Dutch 2505 -20 unci) Stdro 1870 -5 Arbed 1312 -18 Soc Gen Belg 1815 -10 Soflna 4995 -15 Solvay A 3400 V Mont 3380 -20 Cock ia« -10 De B*ers 434 CASH66 words
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Article68 1983-10-15 9 OCT 13 Lire 179 Bel Cond Acqua Roma 150 -7 8132 77 Flat Ord 2900 3550 Ifl Prlv Invest 2872 2 Italcemrntl Ord ***** -670 I Lai fas 1045 Le petit Ord ***** unch ***** M llano Ass Ord ***** 5090 Mondadort Prlv 2585 193 50 3195 Pirelli And68 words
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Article196 1983-10-15 9 OCT 13 Francs Actions Sulsses 293 SO 1 Alusulsse Br. 783 unch Alusulsae Reg 256 -3 Brown Boverl Br. 1185 -5 Clba Gelgy Br 2180 unch Clba Q*igy P C 1730 5 Clba Oelgy Reg 883 -1 Credit Suisse Br 2115 10 Credit Suisse Reg 401 -1 Elektrowatt Br196 words
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Article203 1983-10-15 9 OCT 13 Fls ABN ***** -0.5 I'M SO S Akao 7720 -13 AMFV 138 50 -05 A m fas 104 90 +1» Amrobnh 83 00 -0.2 Berk 36 00 09 Bo Is 88 00 -01 Bonumi; ***** -10 Boska 48.50 -05 Burtet 51 50 -OA Caland 34.30 02 Calv203 words
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Article226 1983-10-15 9 OCT 13 CS Abltlbl 24 -4 Alc&n 474 4 Algoma 31 Bank Mont 27 h >4 Bank Nova Scotia 444 4 B«U Tel 29 4 BP Can Ltd 23'* H Brascan 37 unch Can Imp Bk 30S unch Can Prm Mg Canpac 494 unch Carhng O'Keefe 23 -4 Cmbl226 words
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Article291 1983-10-15 9 OCT 13 Rand INDUSTRIALS A Alpha 880 -20 Abercom 275 unch AE And CI 900 -10 Amaprop AMIC 385 2950 -5 -50 Barlows IMS 4-9 C G Smith 2150 -50 Chckers lan unch Edgars Fed Volk 8500! 430 unch unch Kuglt 385 unch Hive Id 490 unch Lib Holds291 words
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RAW MATERIALS
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Article297 1983-10-15 9 SINGAPORE: Yesterday's 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 no stock. B-10 per cent 0.70. THAI BROKEN: A-super 0.61. Special 0.55.297 words
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Article806 1983-10-15 9 COFFEE: Robusta futures yesterday erased gains in the nearbys by midday to end the morning unchanged to £6 a tonne below Thursday's close. Jan traded down from a £1.892 morning high to end at £1,880 bid against £1,886 on Thursday, on a volume of 415 trades. Total volume806 words
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Article164 1983-10-15 9 THE Malaysian crude palm oil market yesterday closed below the day's highs on profit-taking in active trading. Early gains reflected a limit up close in Chicago following a lower crop production estimate by the USDA. In Oct, north rose Ms2s to MJ1.350 per tonne, central M 522.50 to164 words
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Article158 1983-10-15 9 CHINESE Prtdice Exchange, Singapore, closing prices per lM kg yesterday. Coconut oil: Bulk fob $170.00 sellers, old drum (in second hand drum) fob $183.00 sellers, new drum fob $187.00 sellers. Copra: Mixed (loose) $103 buyers. Pepper: Muntok white pepper fob Asta NLW $382.50 sellers, Sarawak white pepper faq158 words
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Article122 1983-10-15 9 MOST months of CBT soybean futures in Chicago on Thursday ended the 30 cents a bushel limit-up in active trade. November traded in a 19'i-cent range. Prices hit limit-up near the close when local traders, who had been attempting to break prices as they hovered at the $8.80 level,122 words
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Article95 1983-10-15 9 SRW WHEAT futures in Chicago on Thursday ended from to 1V« US-cents a bushel higher in quiet trade. December traded in a fourcent range. Nearby months received support from tight supplies as prices remained below the loan rate and farmers hesitated to sell. A slight improvement in export demand95 words
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234 1983-10-15 9 WITH most rubber organisations participating in the International Rubber Marketing Conference in Kuala Lumpur, very thin market conditions and low turnover prevailed as prices fluctuated within a narrow band. The lack of participation was responsible for the poor volume, Holiday, Catler, Bath Ca said234 words
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Article258 1983-10-15 9 THE RUBBER market in Singapore yesterday closed firmer with November One RSS buyers quoted at 235.25 cents per kilo, up 3.25 cents from Thursday's close. The morning market gained two cents on weekend short-covering and some speculative buying following market talks of Soviet Union purchases of late* in London.258 words
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Article421 1983-10-15 9 "HAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers tot. 1 R.S.S. prompt f.o.b. 229.25 230 25N Iut 1 R.S S. November 232.75 233.25 Int. 1 R.S.S. December 236 00 236 50 Int. 2 R.S.S 226 75 228 75N UK Coot 225.75 227 75N Int421 words
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Article31 1983-10-15 9 Rubber Oct 14 Singapore: November: 235.25 (up 3.25 cents) Malaysia: November 261.00 cents (up Ave cents) Tin: M 529.97 per kilo (down nine cents) 135 tonnes (down 45 tonnes)31 words
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Article69 1983-10-15 9 THE Straits tin prlee la Penang yesterday weakened line cents to M $29.77 a Idle, moving within the ITA lawer range of M 529.15 and M$32.K. Despite a steadier London close, the market fell an sterling weakness against the Malaysian dollar and the sadden absence of demand for69 words
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Page 9 Advertisements
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Advertisement256 1983-10-15 9 How to win: \> v > DECOR GUIDE, a quarterly publication. Each issue is packed with gorgeous decor ideas, eyecatching colour, illustrations, exclusive offers,... It's so easy. All you have to do is sign up or renew or give your friend a one year subscription to Decor Guide and you256 words
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2574 1983-10-15 10 BID and offer prices officially listed and business In and reportad to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units vi n leas otherwise specified. All Times Settlement Contracts are2,574 words
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Article3521 1983-10-15 10 1983 Hick Low Company Last Sale orGr*» Div Div Cvr Gr's Y*ld Net P/E Vol COOO) Day High Low 8ECTION ONE INDUSTRIAL COMMERCIAL 9M m 306 410 iao 300 310 MO aao 536 536 314 340 906 no 413 413 1190 310 600 600 336* 300 4303,521 words
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Article178 1983-10-15 10 Maaagers' price* far Oct 15/17 SINGAPORE UNW TRUST DIAMOND MOT S'PORE The Commerce 3.38 359 Sep Oct The Savings Fund 1.94 2.0S Diamond S'pore Prog Fund 1 48 157xd S pore Fd (US») 0.56 0.59 S pore Sec. Fund 2 21 2.35 ss LIT 1.2S S'pore Invest Fund178 words
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Article1908 1983-10-15 10 BID and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with tbe number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS ajeiwili (3.868 4 OOS Memm (2.965) (XD) Allied Cbee (2.678 2TOS)1,908 words
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Article852 1983-10-15 10 SELECTED share prices recerded galas In what was basically a very cantieus market yesterday. Yslime continued to be aa the lew side. The Badness Times Campaslte ladez claaed 3.19 paints better at 112.2* aad the Straits Times ladnntrlal Index gained 2.7« paints to 948.44. Brand852 words
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Article540 1983-10-15 10 KEEN buying interest in plantation-based stocks spilled over into the general market yesterday, pushing share prices slightly higher. Market observers said the mild recovery on Wall Street provided some initial boost to local sentiment. The renewed buying of selected fundamentally strong stocks was attributed to540 words
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COMPANY NEWS
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853 1983-10-15 11 TRACTORS Malaysia Holdings Bhd (TMB) is in sound financial health and ready to take advantage of any improvement in the market in the coming year. This optimistic view is expressed by TMB chairman Tan Sri Taib Andak in his latest annual review. His optimism853 words
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International ROUNDUP
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Article166 1983-10-15 11 which re- cently agreed to a multibillion franc government rescue plan, is likely to receive less than a billion francs from the sale of its steel assets to government owned steel groups Usinor and Sacilor, industry sources said. Creusot-Loire's chairman Didier Pineau-Valenciennes said last week he expected 1.25 billion166 words
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Article281 1983-10-15 11 the New York based conglomerate, ran up net losses of US$4Ol million in the final quarter ot its year to July following a $472.4 million write off resulting from its sweeping divestment programme. Losses for the year amounted to $3.99 billion. The company announced the divestments in281 words
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Article96 1983-10-15 11 will con- sider a one-far-two share split if it achieves its profit target in the current year ending Aug 31, 1984, president Hiroshi Yamauchi told a press conference. The company earlier reported after-tax profit of a record 11.66 billion yen, recurrent profit of a record 23.66 billion96 words
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Article292 1983-10-15 11 directors have voted to reorganise the company as a subsidiary of Gulf Corp, a new Delawareincorporated holding company. Gulf Oil is now incorporated in Pennsylvania. Gulf said the reorganisation, which will eliminate cumulative voting rights for stockholders voting on directors, is subject to shareholder approval at a292 words
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Article81 1983-10-15 11 have sharply increas- Ed investment in pension trust funds in foreign bonds due to large differentials between Japanese and overseas interest rates, banking sources said. The outstanding balance of their investment in foreign bonds, including US. Australian and German bonds, totalled 438.90 billion yen at the81 words
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Article329 1983-10-15 11 DIRECTORS of Petaling Tin Bhd have declared an interim dividend of 70 cents (less tax) per $1 stock based on its projected pre-tax profit of M 510.10 million for the year ending Oct 31, 1983. The projected pre-tax profit is a preliminary estimate of dredging profit329 words
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Article347 1983-10-15 11 SINGAPORE Finance Ltd has announced that as at Sep 30, 1983, 4.55 per cent of the company's issued share capita] was beneficially owned or controlled by foreign persons. HONG Leong Finance Ltd has announced that as at Sep 30, 1983, 3.24 per cent of its issued share capital347 words
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Article187 1983-10-15 11 Reuter NEW AMENDMENTS to the London Takeover Code include a proviso against the holder of over 50 per cent of a company from buying more shares at a higher price than his previous offer within six months of that offer closing, a statement from the takeover panelReuter - 187 words
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Article258 1983-10-15 11 HUME Industries (Malaysia) Berhad: Twenty-fourth AGM to be held in the Conference Room. 14th Floor, Bagunan Hong Leong, 117, Jalan Bandar, Kuala Lumpur on Oct 17 at noon to be followed by the EGM. ROTHMANS of PaU Mall (Malaysia) Berhad: Twentysecond AGM to be held at Virginia Park,258 words
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ASIAN STOCKS
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Article497 1983-10-15 11 TOKYO SHARE prices yesterday slumped on the Tokyo stock market and the average lost a provisional 148.72 to close at 9,323.63, the largest one-day fall in 1983. A wave of selling by foreign investors towards the close accelerated the pace of the decline, which followed a 90.90497 words
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Article384 1983-10-15 11 AUSTRALIAN share prices fell widely in dull trading yesterday, marked by the near total absence of overseas buying interest. The market rose slightly at the start, but then reversed direction and fell slowly throughout the remainder of trading. At 1500 the All-Ordinaries Index was down 3.3384 words
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Article157 1983-10-15 11 SHARE prices yesterday closed mostly steady in sluggish trading as investors saw no incentives for investment. The Book Club Index stood at 124.90 points with 105,154 shares traded, compared to Thursday's 178,340. OCT 14 Aokham Thai Asia fibre Bahu 4-/. Anthin In*. And Trust 133 unch Bangkok Bank 354157 words
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Article107 1983-10-15 11 SHARE prices yesterday closed mixed with some mild corrections to sharp price rises of the past three days. OCT 14 Aco)c Mlnlnf Pcaoa Anglo "Z Apex Mining B 04M1 +w» AU&i Con 6 3U0 -u Bagulo Oold Bute Ptti i4fum 0 0086 Benguet Coo B rrrw* H nnch ♦4107 words
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Page 11 Advertisements
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Advertisement138 1983-10-15 11 1983 Edition The GUINNESS BOOK OF RECORDS Completely Revised Re-illustrated including full-colour photographs Totally Authentic Over 4 million copies of all editions sold annually Available At All Good Bookshops ONLY S$ 29-95 GUINNESS BOOK OF RECORDS ASK ANSWER GAME A fascinating and absorbing game of knowledge for 1 or more.138 words
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Advertisement187 1983-10-15 11 WeVenot original. World Executive's Digest The compact international magazine offering carefully jf selected time-saving condensations of management books and articles from all over the world. Worldwide management experience tt your fingertips. We're concise. Subscribe now to WORLD EXECUTIVE'S DIGEST and get a double plus a hard-cover edition of The Puzzle187 words
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Chief Price Changes
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Article178 1983-10-15 12 Rises Indices Emo 1000 20 Oct 13 Matauakita 710 20 Oct 14 Loytape M Banking PMC 300 935 735 14 10 10 BT Composite: BT Indicator: 909.11 *****85 912.20 *****00 Ntl Iroa 870 10 ST Industrials: 945.76 948.46 J oh an Hid** 605 10 ST Finance: 2678.71 2679.41 U178 words
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Article, Illustration165 1983-10-15 12 Rises Indices Matsushita 790 40 Oct 13 Oct 14 Loytape U M Flour 342 32 725 25 MBT Indicator: *****15 *****56 Utd Plant 605 20 NST Industrials: 1330.32 1335.37 K Kampar 430 20 NST Finance: 2533.59 2543.13 OCBC 1180 20 NST Hotels: 658.89 659.13 Esso Ord 1200 20165 words
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Article73 1983-10-15 12 Reuter WALL STREET stock prices turned lower after being mixed in early trading yesterday. The Dow Jones Industrial Average was off about 3V* points to about 1258. Advancing issues led losers about six to five. Volume was about 20 million shares. Gulf Oil led the consolidated activeReuter - 73 words
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124 1983-10-15 12 JOHAN Properties Sdn Bhd, wholly owned subsidiary of Johan Holdings Bhd, is acquiring a prime piece of commercial property in Kuala Lumpur's Golden Triangle for Mslo.l million cash. Announcing this yesterday, Johan Holdings said that the subsidiary, a property investment and development company, has124 words
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137 1983-10-15 12 Reuter BRITAIN'S second largest daily newspaper, the Daily Mirror, and five sister publications are to be sold to the public next year, owner Reed International announced in London on Thursday. The Mirror group sells 34 million newspapers a week andReuter - 137 words
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413 1983-10-15 12 ■BBS! Companies Editor: Mano Sabnani LIEN HOE Industries Bhd is acquiring a 22.5 per cent stake in Oriental Bank Bhd for M 545.68 million cash just after proposing to buy 98.18 per cent of Eu Finance Bhd. Announcing this yesterday, Lien413 words
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Article201 1983-10-15 12 Bernama THE NEW $17 million factory of Berger Paints (Malaysia) Sdn Bhd, a 70 per cent owned subsidiary of Pernas-Sime Darby Holdings, will commence trial production later this month. The plant, at Bukit Rajah Estate in Shah Alam near Kuala Lumpur, will have the mostBernama - 201 words
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Article919 1983-10-15 12 SHARE prices closed easier in quiet trading yesterday, dealers said. At 3pm, the Financial Times Index was down 5.5 points at 680.5. Dealers said trading was dull with virtually no buying interest for the account starting on Monday. Leaders were a few pence lower where changed with ICI919 words
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Article52 1983-10-15 12 H.K.HANG SENG Friday c!os«l Thursday '38 5] Week Ago 734.05 AUSTRALIAN INDUSTRIALS Friday Thursday Week Ago 8835 ALL ORDINARIES Friday I Thursday Week Ago 109 5 FINANCIAL TIMES INDUSTRIALS Thursday JJJJ-O Wednesday J® 2 1 Week Ago 711 4 DOW JONES AVERAGE INDUSTRIALS Thursday !2SJL'25 Wednesday Week Ago52 words
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274 1983-10-15 12 MALAYAN United Manufacturing Bhd (formerly Central Sugars Bhd) has not yet finalised its reinvestment plans for the $69.9 million it will receive from its proposed sale of 62.7 million shares of 50 cents each in Central Sugars Refinery Sdn Bhd (CSR).274 words
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525 1983-10-15 12 FUSAN Fishing Net Manufacturing Bhd may be forced to close down its fishing net operations unless the Malaysian government acts swiftly to control the dumping of fishing nets by overseas competitors. Its chairman, Datuk Cheong Jin Hoe, made this point recently when he announced525 words
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253 1983-10-15 12 Reuter EXCO International PLC, the UK money broking and financial services group, is continuing discussions with two or three UK stockbrokers with a view to taking a stake in them, financial director John Irvine said. He said Exco continues to be more interested inReuter - 253 words
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Page 12 Advertisements
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Advertisement146 1983-10-15 12 NOTICE Messrs. W.E. Cox Co. (Recoveries) Limited of London and Gravesend, England, wish yet again respectfully to draw the attention of the shipping and insurance community to the fact that Mr. W.E. Cox resigned as from 2nd July 1974 as a Director of Messrs. W.E.Cox Co. Recoveries (Asia) Private Limited146 words
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Advertisement459 1983-10-15 12 K Tl M ES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON INTERNATIONAL FINANCE 20 21 October 1983 SINGAPORE J r CONFERENCE CHAIRMAN Mr k G R MacLennan, Managing Director, Standard Chartered Merchant Bank Asia Limited THIKI) W OK LI) DEBT AND ITS IMPLICATIONS FOR THE (■LORAL FINANCIAL SYSTEM I'rolevsor I/rr Soo459 words
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Page 12 Miscellaneous
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Miscellaneous65 1983-10-15 12 OUTLOOK for today: Partly cloudy and hazy; showers in several areas from midmorning. Report (or 24 hours prior to 7.39 pm on Oct 14 at the airport: Maximum temperature 32.2 Associated humidity 62 Minimum temperature 26.0 Associated humidity 94 Hours of sunshine 3.85 Rainfall in millimetres 2.1 Total rainfall for65 words
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