The Business Times, 17 December 1983

Total Pages: 14
1 14 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, DECEMBER 11, IMS 60 CENTS
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  • 489 1 Agencies MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday expressed relief over the signing of the Constitutional Amendment Bill by the Deputy King on Thursday, although the sultans of Kelantan and Johore expressed regret over the action. "I am relieved, that's all I have
    Agencies  -  489 words
  • 422 1  -  By RICHARD SEAH EAST Germany is out to prove that it has something to offer in terms of high technology, by selling machinery which has successfully found its way to the US, Japan and Western European countries countries more noted for their technological
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  • 586 1  -  GALADARI'S ASSETS FROZEN By AMY BALAN JUST WHEN the controversyplagued plan for the redevelopment of the former Wisma Indonesia site appeared to be taking off, fresh developments in the Middle East have surfaced to hound it. The United Arab Emirates government yesterday announced that it
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  • BRIEFLY...
    • 48 1 Reuter PRESIDENT Suharto of Indonesia will pay a working visit to Singapore on Dec 27 during which he will meet Prime Minister Lee Kuan Yew. After meeting Mr Lee, President Suharto will visit Batam Island, just south of Singapore, to inspect several development projects there.
      Reuter  -  48 words
    • 64 1 Reuter THE long-ruling Liberal Democratic Party (LDP) of Japan looked set last night for a win in Japan's general election after apparentty weathering the storm of the Lockheed bribery scandal. New opinion polls out yesterday confirmed what others had said previously, that the LDP was likely
      Reuter  -  64 words
    • 56 1 UPI REPRESENTATIVES of Lebanon's warring factions agreed yesterday to "meticulously" honour their oftviolated ceasefire, prompting Beirut to order the re-opening of Beirut Airport. The agreement to honour the truce was reached at a meeting in Damascus attended by ranking Lebanese Army officers, Syrian and Saudi Arabian mediators, and
      UPI  -  56 words
    • 93 1 Reuter THE Thai government said yesterday that it is tightening the Act under which finance houses are able to offer higher interest rates than commerical banks. Finance Minister Sommai Hoontrakul made the announcement after the Bank of Thailand closed a finance house, the fifth to collapse this year,
      Reuter  -  93 words
    • 81 1 Bernama FOREIGN loans account for less than one-third of the Malaysian national debt of US$5O.4 billion, Deputy Finance Minister Datuk Sabbaruddin Chik said yesterday. This is because the government follows a policy of securing loans from domestic sources first before turning to external sources, he said, when
      Bernama  -  81 words
    • 89 1 UPI STUNG by a halt in American farm sales and a rising US deficit, SinoAmerican trade continued its worst slide in recent years, US embassy figures indicated yesterday. Total trade from January through October was U553.46 billion, down by 23 per cent from $4.5 billion last year.
      UPI  -  89 words
    • 67 1 UPI WITNESSES are not safe from reprisals, said a brother of slain Philippines opposition leader Benigno Aquino. He rejected recently an official request to present people who claimed to have seen a soldier kill his brother. Agapito Aquino, 44, also told five members of an official fact-finding commission into
      UPI  -  67 words
  • 385 1 NEW investment» in Ok trading sector are more likely to go to retell rather than wholesale bulnweg. Aad with Is the retell tra4e, foreign investments are expanding at a much faster pace than local lavestments. A recent government survey of these trades shows
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  • 694 1  -  By ALAN LEE PEGI MALAYSIA Bhd is not buying into tyre company Dunlop Malaysian Industries Bhd (DMIB) after all. The deal, which has kicked up a controversy since it was first announced 17 months ago, has now been officially called off. Pegi
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  • Page 1 Advertisements
    • 241 1 Leisuretime Boat-Asia '84 5 E Asia 4th International Exhibition of Boats, Pleasure Crafts 6 Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 A MARINE workshop's venture into the oilfield industry has produced the first Singapore-made offshore pipe laying equipment Page 2 INDONESIA'S strong economic measures,
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    • 135 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. -sr u t mm v 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
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    • 107 1 Leisuretime... Sporex-Asia *84 5 E Asia sth International Exhibition of Sports Equipment 6 Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 "ST Hongkongßank MasterCard Gold. The Summit of Achievement. M <1 ST -r** wherever a MasterCard Gold Card is produced. A response which signifies the
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  • HOME NEWS
    • 306 2 Support i lL National Kidney Week J Dec.ll-17 A AN ADDITIONAL 307 people have pledged their kidneys. A spokesman from the Ministry of Health yesterday disclosed that the ministry has received 580 donor cards since the National Kidney Campaign started on Dec 16.
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    • 535 2  -  By RICHARD SEAH A MARINE workshop's venture into the oilfield industry has produced the first Singapore-made offshore pipe laying equipment. Sunbeam Trading and Engineering Co (Steco), recently won an international tender to build the equipment for an offshore services company based
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    • 188 2 MOTORISTS can buy the new higher-priced HDB and URA parking coupons from Monday. These coupons, with new denominations, are available at the 930 HDB and URA sales agents throughout the island. The new coupons are necessary because parking charges for governmentoperated car
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    • 128 2 ASEAN tourist organisations are working together on a documentary film to be screened worldwide. The 28-minute film will not only feature tourist spots in the five countries, but also highlight the region's development and progress. The Malaysian Tourist Development Corporation (IDC) is coordinating the project,
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    • 118 2 A HANDY booklet containing information on legislation and training courses in the field of occupational safety and health (GSH) can be obtained free from the National Productivity Board. The 29-page publication is based on the findings of a study of the adequacy and availability of courses
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    • 377 2  -  By JOANNE YAP A LOCAL joint-venture company engaged in the production of floats and buoys for the fishing industry has gone bust and its assets will be auctioned off soon. Scanfloat (S) Pte Ltd, set up six years ago, ran into difficulties
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    • 402 2  -  By SHARIR ARIFF INDUSTRIAL vehicles and the latest family sedan from the Italian Lancia-Fiat factory, the Polonez, will be among the vehicles on show at Singapore's first "pasarmalam" style vehicle display and sales promotion. The event will be held at
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  • Page 2 Advertisements
    • 41 2 5S f:;;- About half of the readers of Shin Min Daily News are blue collar workers. About half of the people of Singapore work in blue collar jobs. This is the half that has the most rapidly improving standard of living.
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    • 64 2 MONEY EXCHANGES IS ON PAGE 5 This Christmas, be romantic. Give her White Linen from i LAUDER White Linen is a cnsp. refreshing fragrance to live in all year long A classic romantic, filled with roses and jasmine It's a carefree bouquet of flowers brimming with the season's joy* Discover
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  • OVERSEAS
    • 190 3 TAIWAN'S Board of Foreign Trade is urging its local textile makers to upgrade product quality and penetrate non-quota areas in an effort to cope with the stronger restriction that the US government is expected to place on textile imports. In response to a report
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    • 123 3 AFP THE American government has launched a programme to strengthen security in 120 US embassies around the world against bomb attacks. State Department spokesman John Hughes said that increased security measures had gotten under way several weeks ago at the US embassy in Kuwait,
      AFP  -  123 words
    • 361 3 FT THE Australian mining industry has indicated a difficult year ahead, forecasting further cost-cutting and rationalisation, and falling capital expenditure and employment. In its Annual Minerals Industry Survey published on Wednesday, the Australian Mining Industry Council said companies expected expenditure on total fixed assets to
      FT  -  361 words
    • 63 3 WATER BEDS for flamingoes may seem the normal thing bat mirrors ail around will probably take some adjusting to. The Taronga Zoo in Sydney, Australia, has installed mirrors in the flamingoes' enclosure to entice them to mate. Zookeepers hope the 2t mirrors will
      UPI photo  -  63 words
    • 315 3 Reuter THE US balance of Payments deficit soared to a record US$l2 billion In the third quarter of IMS, doe mainly U a strong dollar, slow growth abroad and economic troubles in developing coon tries. The U8 Commerce Department said yesterday that the figure
      Reuter  -  315 words
    • 683 3 AP INDONESIA'S strong economic measures, including an austere 1983 fiscal year budget, have paid dividends to the country's economy, a report from the American Embassy in Jakarta said. The report said Indonesia had done well to reduce its domestic oil subsidies, devalue its rupiah by
      AP  -  683 words
    • 400 3 FT PEUGEOT, the financially troubled French private motorcar group, has announced that it is shutting down indefinitely its large Talbot car plant at Poissy and suspending a 1.2 billionFrench franc investment programme to modernise the factory outside Paris. The move is designed
      FT  -  400 words
    • 168 3 AFP PETRA Kelly, a leader of the West German Greens Ecology Party, is withholding 10 per cent of her income tax this year to "avoid taking part in state military expenditures," a spokesman for her party said. Other members of parliament among the
      AFP  -  168 words
    • 120 3 AFP A PLASTIC surgeon in Corpus Christ!, Texas, ku wm himself US$l million in damages far meatal anguish after a court there agreed that he was supplied with defective equipment to share op his clients' sagging breasts. A jury accepted surgeon Jack Coulee's case that the McGhaa Medical
      AFP  -  120 words
    • 318 4 Reuter NON-Opec Egypt is under pressure to match recent Soviet oil price cuts by reducing January contract prices, but is reluctant to break ranks with other Arab oil producers after last week's Opec decision to support existing price levels, traders said.
      Reuter  -  318 words
    • 191 4 AFP A BUG which can help the recovery of oil from abandoned oil wells has been genetically engineered by an India-born American scientist, who in 1972 created history by creating a bacterium that eats up oil spills. Dr AM Chakrabarty told
      AFP  -  191 words
    • 451 4 Agencies JACQUES de Larosiere, managing director of the International Monetary Fund, served notice that he will use his influence on commercial banks to get them to curb interest rates and rescheduling fees on loans to developing countries. In a major speech
      Agencies  -  451 words
    • 489 4 AFP PRIMARY crude oil refining capacity in member countries of the Organisation for Economic Cooperation and Development (OECD) could decline to "at most" 39 million barrels a day (mbd) by 1985, officials of the International Energy Agency (lEA) said in Paris. They were citing recent lEA projections
      AFP  -  489 words
    • 757 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQ11 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFOHKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL SV SV396 0910 JED/RUH MAS MH8I1 0910 PEN SIA SQ103 0950
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    • 401 4 Reuter A FRENCH oil company says it has perfected a way of drilling oil wells horizontally a technique which could make commercially viable many fields previously thought not worth working on. The technique, which cost the Elf Aquitaine Company 50 million francs (US$5.9
      Reuter  -  401 words
    • 207 4 Reuter DENMARK'S shaky minority government has called a snap general election for Jan 10 after the Danish parliament decisively rejected its 1964 austerity budget. Poul Schlueter, Denmark's first Conservative Prime Minister since 1901, said his centre-right administration would not resign but remain
      Reuter  -  207 words
    • 263 4 FT ISRAEL'S inflation reached 160 per cent in the first 11 months of the year, breaking all previous records and causing deep concern to the government, which has been shaken by the sudden leap into hyper-inflation. Inflation in 1962 was 130 per cent,
      FT  -  263 words
    • 168 4 Reuter CHINA, the world's largest textile producer, was admitted to the membership of the Multi-Fibre Arrangement (MFA), which regulates most world trade in textiles and clothing. Trade sources in Geneva said yesterday that the Chinese application was approved without dissent at a session
      Reuter  -  168 words
    • 150 4 Reuter TURKEY has sent a letter of acceptance to Washington for a US$4.5 billion deal to buy and co-manufacture 160 American F-16 jet fighters from General Dynamics Corporation over the next 10 years. Prime Minister Turgut Ozal said yesterday that this is Turkey's biggest ever
      Reuter  -  150 words
    • 470 4 Reuter THE US battleship New Jersey went into action in Beirut for the second successive day on Thursday in what a spokesman said was support for US Marines under attack at Beirut Airport. A US Marine spokesman said the New
      Reuter  -  470 words
    • 1042 4 VmmI Arrival Departure KEPPEL WHARVES Bunga Tanjong 33/4 alongside 17.12/0100 Cherry Bagus 27/8 alongside 17.12/2300 Ionian Sea 13/4 alongside 17.12/1500 Langsa 45 alongside 17.12/0600 SO Tripura 31/2 alongside 17.12/2300 Prof Mlerzejewskl 33/4 16.12/2300 18.12/2300 A1 Mountazah I 38/9 17.12/2359 18.12/0600 Barber Perseus 46/7 17.12/2100 19.12/0400 Builder 22
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  • Page 3 Advertisements
    • 301 3 SUCCESS: HOW GOOD IT FEELS! mm 1 M i |l•« I# St*. m Ui m >» f You made the decisions, took the risks. You were in full control. And you still are, as you are in your new Nissan Brougham. With its economically designed dashboard which places every function,
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  • BANKING AND FINANCE
    • 261 5 UPI ARGENTINA has asked a consortium of 11 Western banks far a six-and-a-half-month delay in making principal and interest payments an a US$B billion debt dae last Tuesday. The deferment was requested to give the new civilian government of President Rani Alfonsin time te
      UPI  -  261 words
    • 573 5 THE foreign exchange market was a little more active yesterday. Trading was brisk. The dollar opened firm against major currencies and improved throughout the day. The opening rate of the greenback against the local unit was 552.1335 45. The dollar moved up to the day's high of $2.1380
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    • 133 5 THE dollar closed higher on late short covering in thin trading yesterday. Earlier, it fluctuated narrowly around New York's closing level. heavy buying by Singapore operators pushed the dollar up just before the close, prompting covering of short dollar positions held by Tokyo operators. The dollar closed at 235.10
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    • 22 5 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 8.96 per cent.
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    • 195 5 ASIAN RATES ASIAN currency deposit interbank rates as at 5 pm on Dec 16: US Dollar* Offer B* 7 days 9 15/16 913/16 1 month 10* 104 2 months 10* 104 3 months 10* 104 6 months 1011/16 10 9/16 9 months 10* 10 s 12 months 11 10* Da*.
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    • 44 5 RANGE of prices offered by discount houses on Dec 16: Overnight: 3 Call deposits: 2-3 Clotinf Buying Selling 3-month Treasury bills 2\ 2W 3-month Bank bills 8 l 8'i 3 months CD 7H 7H 6 months CD 7** 7W Source: National Discount Co
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    • 49 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued frm Dec 19 to Dec 23. Offered: $160,000,000 Applied for: $334,500,000. All*ted: $160,000,000. Aeeepted bids: $99.35 approximately 40 per cent; higher bids in full. Avenge rate d discount •n •Itetmeat: 2.590 per cent per annum.
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    • 375 5 GOLD futures in Singapore yesterday eased slightly in the afternoon after a firmer opening. but the market still closed higher on balance compared with New York levels Gold prices weakened in the afternoon mainly due to the strength of the US dollar. Trading was moderate with total sales for
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    • 42 5 Than We* New York 879B 9 28B 8 84S 9 33S Zurich 9 34B 9.34B 9 39S 939S Fii Than Singapore 8 83B 9 24B 8 88S 9296 Closing prices in US dollars a troy ounce Source: Credit Suisse, S'pore
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    • 119 5 THE US dollar yesterday firmed in moderately active late trading, and some overseas buying was cited after the European opening. The US unit advanced to 2.7700/10 marks from an early 2.7668/78 and New York's 2.7650 60 close, and to 234.90/235.00 yen from 234.70/80 and 234.65/75. Dealers expected the dollar
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    • 72 5 THE dollar traded around marginally firmer opening levels in a very quiet early market yesterday. Opening quotes yesterday: US 1.4180/90 Can 1.7710/40 Cross 1.2492 95 D Mk 3.9295 9335 DF1 4 4095'4140 S Fr 3.1395 1435 B Fr con 80.05 18 F Fr 11.9965/12.0075 Lit 2379.55 2382.65 Yen 333.37
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  • Page 5 Advertisements
    • 399 5 If golf's your game Tan-West's the name... at Centrepoint. Now in the heart of the city you can get all the winning names in golf gear and accessories under one roof. Pan West Centrepoint. There's also a fine selection of equipment for all games. Drop hv and browse around. We're
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  • 483 6 EXPLOSION is the favourite word of people who study world population trends. Demographers like to point out how it took five million years for the world population to reach its first billion mark, whereas another billion people can now be added in 11 or 12 years. Elevendigit
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  • 973 6  -  By CHRIS SHERWELL FT MALAYSIA is making progress in its search for new trading partners and new ways to trade. It is a slow process, but as Malaysia is one of the world's largest exporters of five key commodities (tin, rubber, palm oil, timber
    FT  -  973 words
  • 885 6  -  By JOSE KATIGBAK Reuter VIETNAM suffered a severe setback to its efforts to consolidate its food production when a series of typhoons destroyed nearly one million tonnes of food grains, according to a top official of the agriculture ministry. Trinh Thuong Mai, vice-director of
    Reuter  -  885 words
  • 596 6  -  By MICHAEL POSNER Reuter WHEN Congress reconvenes on Jan 23, it will confront a familiar task of dealing with an explosive American budget deficit that all sides agree is a fiscal timebomb waiting to be defused. Republicans and Democrats, in the White House and Congress, agree
    Reuter  -  596 words
  • 445 6 POOOPQ IF CHRISTMAS rats seem logical, try figuring out the significance of Christmas fish. Record company WEA sent out pairs of aquarium fish to friends and clients this week. They come in plastic bags filled with oxygen (to keep the fish alive), tied with a ribbon.
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  • Page 6 Advertisements
    • 200 6 Decor Guide »i•• HOMES Entering the One, Two, Three-Room Apartments. And the luxury apartments. From spaciousness to graciousness. Borrow ideas from our mood settings in three distinct styles Manhattan Transfer, Turn Of The Century and Middle Of The Road. m a LIVING AREAS Choosing the right upholstery. Look up Living
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  • Page 6 Miscellaneous
    • 46 6 SnStOMT- Runic Dicieos mR. Sf?»STou) R \N YOUR ep»<?. LOO^C? u>€- INT(OSC)"R3 mp>«e T H«S CHKiSTmp6 IDiNNCR. RND DRNCjC Ijvg. eeSTevei? J UEPsVe >T TO rr\G-,.. I'LL DO Nnv BCST, Resr PSSuRED I'LL BfctMG, THe.Sf\r>ne GROUND RS LAST NGPtf I'm RFRRO You QUiTC GRRSffeD L rneAivjiNG
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  • THE ARTS
    • 762 7  -  By MONICA GWEE ONE way to "drag people away from the TV" is to offer a mixed bag of tricks. Chinese acrobats wrapped round bicycles and Andre Previn conducting the Pittsburgh Symphony Orchestra for example. Add gypsy Flemenco dancers, three clowns, whimsical monsters, an
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    • 567 7  -  By FRANK PRIAL NYT PITY the poor Bordelais. Let someone so much as mislabel a case or two of table wine in that part of the world and the fact turns up in the press as "the latest Bordeaux scandal". Of course,
      NYT  -  567 words
    • 523 7 Project Financing by Christopher Emerson Published by Financial Times Business Enterprises, 1983 Reviewed by LLOYD AUSTIN IT has been estimated that well over two-thirds of all major energy projects including many in Asean countries use project financing techniques as distinct from sovereign loans.
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  • Page 7 Miscellaneous
    • 1366 7 The New London Wind Trio CONCERTS SSO and the New London Wind Trio. The group is made up of Neil Black playing the oboe; Keith Puddy, the clarinet; and Roger Bimstingl, the bassoon. Programme: Mozart (Concerto for bassoon and orchestra in B flat, K191); Finzi (Concerto for clarinet and string
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    • 696 7 t SINGAPORE 5 J 12.55 PM Opening folowed by Sesame Street: Today we learn the letters B and D, and the number 3. 1.55 Flash Gordon 2.25 Saturday Matinee The Curious Case of Santa Claus 3.25 ABC Wide World of Sports: This programme features the Summer National Drag Racing Championships,
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  • Page 8 Advertisements
    • 172 8 X le Architects of FestiveTmes 'Km 12*\ M* «p new c" v,.r. -3G, I *35K& "f; A"* >% RSg« t >- cv. *5« m wm Kt ft* ss a::;-- m@2^ W§ m vft ;t;,2 •iV IK£ H&Ssfcl s> j :> sPS* S <' Ww£sff W jiP i rv •V ;>
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  • Page 9 Advertisements
    • 197 9 I s *v :Av J .V $g; \*i vr 1 v injt- < S3S4®&SBS« T IMWBm T€* "m JPlfeL PIMM ft. v,j fef.«;- MlmMm. v s 'fS #M 1 J-> -IM.J"-'. o?was -J srtS^Si^ME •"V *h& ;h* <f ■< >v *r ill: 5 P W. V r V V 1
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  • Page 10 Advertisements
    • 345 10 Where to wine, dine and entertain with the American Express Card BjHHH "if you don't already have the Card, call *****33 for an application form" "Let's baw Nonya Tood f vJt this Sunday" "Daddy. what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits settlers. It
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    • 215 10 fs9U»Au JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. )pcn do ll' 12 hi >< >ri AO mi For reservations call *****7 V r> /> tfi 10 .i() m fs) V/ C I'nrk SlM'iiilnii'Siii^niHHT Hiii. Sirigapo'e 102 r T.Oy ANA MOTELS INTERNATK NAL >1 Full Cheers zm™
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    • 331 10 Paramount Hoteli Tf\ Where the happy people go i. L *45 Psl a c lreat yourself your loved oqes to a bumper %nas fare 24th DEC 1983 Cafe Vanda -Special Christmas Eve Set Lunch Dinner, entertainment from Pianist cum Singer. Mr. Dick Hohdav < Dinner i -Set Lunch $16.00** per
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    • 221 10 c*u* w Rocking Bill Haley is Comets Live at the Tbp of the Hilton 28 November-21 December* Nightly 1030pm. Hear the group that invented R»»ck 'n' Roll pla> and sing their hits. It's an evening not to he missed! Cover charge: Diners $20 nctt. Non-diners S3O nett (drinks not included
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    • 235 10 IS S 4, hrLt* A place to unwind u imtrivnds. lAt our 2 talented hands entertain you with sensational music while you sip over a coo! drink. 20% discount on all drinks during, happy hours opm 7pm daily; M 2 Mtmmmttfmmtu stow* For information 6i reservations, please call *****22 ext
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  • RAW MATERIALS
    • 164 11 CHINESE Produce Exchange, Singapore, noon closing prices per 111 kg yesterday. Coconut oil: Bulk fob 5192.00 sellers, old drum (in second hand drum) fob $205 00 sellers, new drum fob $209.00 sellers. Copra: Mixed (loose) $116 buyers. Pepper: Muntok white pepper fob Asta NLW $655.00 sellers, Sarawak white
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    • 339 11 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.80, 100 per cent third class 0.76, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.61, Special
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    • 147 11 THE Malaysian crude palm oil market yesterday closed higher, with tight supply and Indian interest at its weekly tender triggering speculative buying interest. In the Dec position, central region rose Mslo to MJ1.480 a tonne and south Mss to MJ1.485 while in Jan, north firmed Ms2s to MJ1.470
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    • 30 11 Rubber: Dec 16 Singapore: December: 239.50 cents (down 0.75 cent) Malaysia: December: 264.50 cents (down one cent) Tin: M 529.20 per kilo (unchanged) 155 tonnes (up 58 tonnes)
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    • 82 11 THE Straits tin price in Penang yesterday held steady at M129.M a kilo on the buffer stock manager's support, remaining five cents above the ITA floor price of M 529.15. The manager was the main buyer, maintaining his support at this level as sentiment was aided by steadier
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    • 181 11 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot exgodown) Cotton Yarn: China Blue Phoenix 20's 3,000, 32's 3,330, 40's 4,420 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and Butterfly
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    • 361 11 THE RUBBER market in Singapore yesterday closed slightly lower with January One RSS buyers quoted at 239.50 cents per kilo, down three-quarter cent from Thursday's close. The morning session was marked down three-quarter cent on lack of interest and easier London advices after opening 1.75 cents lower. The afternoon
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    • 475 11 RAS prices in cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b 235 00 236 OON 235 50 236 50N Int. 1 R.S.S. January 239 00 239 50 239 50 240 00 Int. 1 R.S.S. February 242.25 242
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    • 199 11 SOYBEAN futures in Chicago on Thursday closed just above their lows, down 20 to 1*« US-cents per bushel. January traded in a 21-cent range. January futures encountered a large number of stop-loss sell orders just below the $7 76 per bushel mark. After that level was broken, prices fell
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    • 165 11 WHEAT futures in Chicago on Thurday closed up one to off 4 -cent in light trade. March traded in a 2-cent range. Late local and commercial short-covering supported prices at the close. USDA's announcement on Wednesday of an additional $1 billion in GSM-102 export credit guarantees provided background support.
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    • 310 11 INACTIVE trading conditions persisted as operators remained withdrawn for the most part, with levels finishing about unchanged, Holiday, Cutler, Bath ft C« said in its review of the Singapore and Malaysian rubber markets for the week ended Dec 15. Winding down considerations on the approach of
      310 words
    • 448 11 Bernama MALAYSIA'S primary commodities have achieved a significant recovery this year from the depressed conditions which prevailed throughout last year. Deputy Primary Industries Minister Haji Bujang Ulis said in Kuching on Thursday that this was largely due to the general upturn in the economy
      Bernama  -  448 words
    • 357 11 Reuter WORLD production of the 10 major oilseeds in the current 1983 84 season is now estimated at 159.3 million tonnes compared with the October estimate of 158.2 million. However, the Hamburgbased newsletter Oil World said the drop of 17.9 million tonnes or 10.1 per
      Reuter  -  357 words
    • 1066 11 COFFEE: Robusta futures yesterday ended a fairly quiet morning below traded highs, but held gains from Thursday of £33 to £2. Trade and commission house buying steered values off the lows reached in early dealings when the market held above a support area around £1,990, basis March. Weaker
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  • INTERNATIONAL STOCKS
    • 140 11 DEC 15 Frs GROUP B 1296 1 CORBEILLE Flnanclere de aoxd -54 Alr-Llqulde Aquitaine Nat 277 -2 166 Moet-Hennessy 1351 167 -39 -2£ 42 -50 415 -19 C S F I ThomsonCsf) 186.20 GROUP C Cle Francaise 404 -4 des Petroles Credit Fonder ***** 0.9 Generale 668 -7 De
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    • 59 11 DEC 15 Dm Hoesch 92.00 -0.6 Horten 182.50 Aeg-Telefunken 76 20 Karstadt ***** -2.5 BASF KHD -2 BMW ***** -05 Commerzbank 159.50 *0.5 Philips Komm 334 00B ***** 268 50 -15 Daimler-Benz 659 00 -5 Rwe ST A 172 70 -13 Deutsche Bank i~... 311.90 *0.9 Siemens ***** *05
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    • 69 11 DEC 15 Frs FORWARD MARKET Or Bra Lamb Hobo It Petro Ryl Dutch Stdro 2265 5120 5920 2500 1720 15 70 20 15 unch Arbed 1184 -12 Soc Gen Belg 1685 5200 5 Brascan 576 1730 -25 Solvay A 3500 60 5 50 Canpac Cock De Brers Ebes "IZZ
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    • 192 11 DEC 15 Francs Actions Sulsses ***** 1 Alusulsse Br. 818 Alusulsse Reg 280 -2 Brown Boverl Br 13S5 -5 Clba Gelgy Br 2300 -5 Clba Gelgy P C 1870 -15 Clba Gelgy Reg 974 unch Credit Suisse Br 2200 -20 Credit Suisse Reg 420 -3 Elektrowatt Br 2840 -25
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    • 97 11 DEC 15 Lire BulOfl 132 1 Bel ***** 210 Ontrale Ord 1131 -30 Cond Arqua Roma Krklanla 7175 50 Flat Ord 3188 43 General! ***** 95 oim 3880 unch III prtv 4398 -84 Invest 2830 -20 Italrementt Ord ***** 500 [talKU 1028 -10 Ord 23 -1710 4*810 10 Milano
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    • 116 11 DEC 15 c$ 25 Imp Oil 37 17* -H Alcan 47* 28 Int Prov Pipe Int UU 33* 27* unch Bank Mont Bank Nova Scotia 27* 31 InU Nickel Kerr Add 13* unch 22* 6 39 Mc Blodel 29% 32 22* 54 52 26* 26* Cmbl Rd Lk Cn
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    • 190 11 DEC 15 Rand INDUSTRIALS Un Steel Unlsec Wool worth 120 S10 1400 -i unch unch A Alpha Abercom AE And CI 885 280 845 unch -3 5 Anglos MININGS 1970 -30 unch AMIC 2775B I72S 1300 Buffets 8725 -90 C G Smith 2400 25 Charter 365 unch unch Cons
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    • 198 11 DEC 15 Fll ABN Ahold Akzo AMEV Am fas Amrobnk 367 80 IMOO (MOO 148 SO IMOO S8 30 -0.7 15 -0.3 -05 0.9 -1.4 Berk 34 008 -1 Bols Borsumtj Bosk a Burtet aland 92 30 224 00 40 00 57 00 33 40 345 00 02 -2
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    • 1095 11 NEW YORK WALL STREET stock prices continued their decline o( recent days on Thursday as trading activity continued to be dominated by fears that the economic climate is ripe for renewed increases in interest rates. The Dow Jones Industrial Average, which lost more than 9 points on
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  • Page 11 Advertisements

  • 3338 12 BID and otter prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after
    3,338 words
  • 3576 12 1983 High Low Compaay Last Sale orGr*« Div Div Cvr Gr** r 14 Net P/E Vol (•000) Day Hi(k Low SECTION ONE INDUSTRIAL COMMERCIAL 286 354 267 306 410 120 344 318 268 680 520 535 560 250 340 283 585 870 472 472 1190 310 680 680
    3,576 words
  • 1992 12 bid and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified INDUSTRIALS (3 MB) AtoMi (3.128) (X) 3 12 (10) 3 08 (t)
    1,992 words
  • 751 12 THE signing of the accord ending the constitutional crisis In Malaysia failed U boast the local stack market yesterday. Prices did apen strongly In tke morning bnt the strength was temporary. After the first hoar of trading, profit-taking became evident as prices eased off. One analyst
    751 words
  • 631 12 A LATE spurt of buying helped share prices on the Kuala Lumpur stock market to finish steady yesterday in heavier trading. The market opened on a strong footing as investors reacted favourably to the signing of the Constitution (Amendment) Bill by the Timbalan Yang
    631 words

  • COMPANY NEWS
    • 587 13 NYT THE Crocker National Corp, the United States' 12th-largest banking organisation, said it will report a loss of about US$57 million for the fourth quarter and a loss of about $10 million for the entire year. Crocker, which for years has reported
      NYT  -  587 words
    • 354 13 FT INTERNATIONAL Harvester, which kaa km battling for financial smrvlval ever the past three yean, has eat Its bases tram Its caattnalng operations la Its flaal ter from 1J***** million to $84 million. After the sharp redaction la the grasp's leases was annosnced, Its 221 credltor
      FT  -  354 words
    • ASIAN STOCKS
      • 374 13 HONGKONG THE stock market yesterday closed mostly lower in thin, quiet trading reflecting a general lack of investment interest ahead of the Christmas holidays. The Hang Seng Index fell 9.U to 860.77. Dealers also cited high US interest rates as a depressant. Among leaders, Cheung Kong fell
        374 words
      • 470 13 SHARE prices yesterday closed sharply higher on active buying prompted by growing expectations of an election victory on Sunday for the ruling Liberal Democratic Party and a rapid corporate business recovery. The market average rose 68.18 to close at 9,530.61 after rising 61.26 on Thursday. Both
        470 words
      • 96 13 DEC 16 Acoje Mining Anglo Phil Apex Mining B Atlas Con B Bagulo Oold Bute Petroleum Benguet Con B CDCP rim Phil Hldga Lepanto B Marinduque B I..I5iie«sla 1 1 1 i 1 1 1 1 1 1 i unch unch unch unch ooa unch 006 0.006 02 Oriental
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      • 124 13 SHARE prices yesterday closed generally steady in slow trading. DEC 16 BahU Aokham Thai Asia Fibre 13* Ayulhajra In* And Trait Bangkok Bank Bank Of Ayudhajra MO ururh unch Ud IM Bala Shoe Berll Jucker Charoonf Thai Wire 330 Firestone First Trust 5715 -05 Ooodyear Industrial Finance Corp 137
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      • 421 13 SHARE prices yesterday finished the week mixed to firm despite an easier trend in gold and base metal prices and the fall on Wall Street on Thursday night. The All-Ordinaries closed 0.5 of a point higher at 756.0. Turnover was A 564.07 million including $17.11 million in offmarket trades.
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    • 701 13  -  By RAMESH CHANDIRAMANI LAM GROUP Investments Ltd, probably one of the last companies to offer shares to the public this year, is a relatively young company in terms of incorporated life. It was incorporated under the name of Twinbull Investments Pte Ltd
      701 words
    • 398 13 FT DAIMLER-Benz, the West German motor vehicle manufacturer, expects a modest increase in sales revenue and "satisfactory" profits this year, in spite of problems in truck markets abroad. In an interim report, the company estimated that group worldwide revenue would rise about one per cent to
      FT  -  398 words
    • 239 13 Reuter COMPETITIVE pressures in the insurance industry have been forcing underwriters to live dangerously, and Wall Street analysts say a number of insurers may need to add substantially to loss reserves over the next few months. American Express Co's decision this week to add US$23O million
      Reuter  -  239 words
    • 577 13 Curat Ex Baefcs Ditt Tatal far Total tar PitmI Date Claee PayaMe the year Prevleat year A B N 13%I Aug 23 NYA NYA 13% 26% Amal Steel 6%TE(b) Dec 6 Dec 16 Dec 31 6%TE Aefcam 16% Nov 30 Dec 10 Jan 3 26% 29% Aver mum
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  • Page 13 Advertisements
    • 317 13 >[}@*,{[=*/![}~@/@{:]"&;?"&.[:! NOTICES NOTICE Notice Is hereby given that an Annual General Meeting of the Company will be held at the Office of Singapore Secretarial Services Co. (Pte.) at 8001 Beach Road. =12-01 *12-11. Oolden Mile Tower, Singapore 0710 on Friday the 30th day of December 1983 at 11.00 a.m. for
      317 words
    • 264 13 Internal Audit Manager Salary Negotiable between 5540,000 to 5550,000, plus benefits One of the major trading groups in Singapore, having widely diversified regional interests is seeking to appoint a well qualified Internal Audit Manager who will take responsibility for the group's internal audit functions. Candidates for this interesting post will
      264 words

  • Chief Price Changes
    • 177 14 Rises Indices Talam Mine* 1380 50 Herniating 50c 090 40 Dec 15 Dec 16 M A A Ambassador 1000 930 30 30 BT Composite: 936.88 937 25 Riverview 440 26 BT Indicator: *****28 *****87 Fiiaa M Bos 440 22 ST Industrials: 961.91 983 49 G E Life 1780 20
      177 words
    • Article, Illustration
      154 14 Rises Indices Talam 1520 70 Dec 15 Dec 16 Kamunting Killinghall T Langat B Kawat 770 600 880 60 50 30 MBT Indicator: NST Industrials: *****86 1383.98 *****50 1389.78 388 24 NST Finance: 2636.25 2627.55 Choc Prod 645 20 NST Hotels: 659.02 659.27 Kemayan Aleom 560 15 NST
      154 words
    • 51 14 H.K.HANG SENG Thursday 755.4 Week Ago 735.8 Friday 860.77 Thursday 869.88 FINANCIAL TIMES Week Ago 858.39 INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 752.8 Wednesday 751.1 Week Ago 760.2 Friday 982.6 DOW JONES AVERAGE Thursday 979.1 Week Ago 959 0 INDUSTRIALS ALL ORDINARIES Thursday 1236.79 Wednesday 1246.65 Friday 756.0 Week Ago
      51 words
  • 910 14 SHARE prices opened lower in quiet trading yesterday, with early attention focussed in the banking sector after news that Midland Bank subsidiary Crocker National Bank of California had reported a US$lO7-mil-lion increase in loan loss provision for the fourth quarter, dealers said. Thanday's closing middle prices of selected
    910 words
  • 594 14  -  By NAJEEB JARHOM THANKS to record earnings achieved by its money-spinning finance subsidiary, Hong Leong Credit Bhd has managed to keep its earnings on an even keel. For the year to June 30, 1983 group pre-tax profits rose slightly to M 516.19 million
    594 words
  • 314 14 TAT LEE Bank Ltd has finalised negotiation to acquire a 10 per cent stake in PT Eura Buana Leasing, an Indonesian leasing company, from two existing partners, EuropeanAsian Bank group and Bank of Buana. Details of the acquisition were not
    314 words
  • 283 14 BOUSTEADCO Singapore Ltd, the diversified engineering and trading group, will not be paying any interim dividend in respect of 1983. This would be disappointing news for shareholders as they were paid an interim dividend of five per cent last year. Directors said they had deemed it
    283 words
  • 300 14 THE Ministry of Finance's amendments to the KLSE memorandum and articles of association came into effect yesterday after a twohour meeting between officials of the ministry and the KLSE committee and the four-man drafting panel. The entire text of the ministry's proposals was
    300 words
  • 291 14 AT AN extraordinary general meeting held yesterday, shareholders of Inchcape Bhd ratified the resolution mode by the directors of the company on Nov 28 to restructure the company's Malaysian interests, which will he transferred to a new holding company, kumpclan Inchcape Sdn Bhd. TV
    291 words
  • 403 14 TRADING in the shares of Kuala Lumpur-Kepong was suspended at the Stock Exchange of Singapore yesterday following a request by the company. In a short statement yesterday, KL-Kepong merely said the suspension was requested "pending an announcement to be made shortly." Stock analysts and
    403 words
  • 82 14 Reuter EAGLE Star Holdings PLC has rejected a renewed approach from Allianz Versicherungs AG for more corporate information to assist Allianz in evaluating its takeover plans, an Eagle Star spokesman said. He said Eagle Star believes it has already given Allianz all the information required under
    Reuter  -  82 words
  • Page 14 Advertisements
    • 115 14 All you'd expect. rTTT-r rAYr k ~>T <~w ■>*.:■ "C *r -f „C i < -f K >4 /wte/ believes in the romance of life. The Orchard Sun. The newest, largest, and most luxurious in Penang, with all 323 rooms facing the sea. Exciting sea sports by day, the finest
      115 words
  • Page 14 Miscellaneous
    • 68 14 OUTLOOK for today: Fine in the morning; scattered showers in the afternoon. Report for 24 hours prior to 7JI pm on Dec IS at the airport: Maximum temperature 31.0 Associated humidity 70 Minimum temperature 23.5 Associated humidity 95 Hours of sunshine 1.70 Rainfall in millimetres 0.1 Total rainfall for the
      68 words