The Business Times, 6 February 1982

Total Pages: 14
1 14 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, FEBRUARY 1182 60 CENTS
    10 words
  • 387 1  -  By LOH HUI YIN OIL COMPANIES are likely to reduce petrol and diesel prices sold at the pump soon, following a downward revision of posted prices for automotive fuels by three major refiners within the last fortnight. The reduction at the pump,
    387 words
  • 238 1 THE proposed coal-fired power stations and integrated steel mill to be built off Singapore are expected to cause only little change in the seas around them. This 4i the .indication given by Mr Y Suzuki, leader of the Japanese government water quality study team, who
    238 words
  • 399 1  -  By WONG AI KWEI THAI maize exporters have cancelled their agreements to sell more than 600,000 tonnes of the grain to local dealers. According to grain dealers, Thai exporters, including the Thai Maize and Produce Traders' Association (TMPTA), decided just before Chinese New Year that
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  • 552 1 Reuter, AFP THE London Metal Exchange's recent attempt to defuse the virtual squeeze on tin prices appears to have made the situation worse. Tin prices continued to strengthen on Thursday with cash, or early delivery, metal moving to a new peak of £8,970 per
    Reuter,; AFP  -  552 words
  • 344 1 UPI, Reuter JAPANESE Finance Minister Michio Watanabe said yesterday the US has changed its policy of nonintervention in foreign exchange transactions and is ready to work with other countries to prevent wild fluctuations of exchange rates. Mr Watanabe said this will be
    UPI,; Reuter  -  344 words
  • BRIEFLY...
    • 92 1 KUALA LUMPUR, Fri. The Internationa] Natural Rubber Organisation (Inro) has so far called up contributions worth Ms2BB million from its members, sufficient for its buffer stock manager to mop up an estimated 150,000 tonnes of the commodity from the world market. The Primary Industries Minister, Datuk Leong
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    • 73 1 AFP NEW DELHI, Fri. The efforts of tea producing countries to bring about an international tea agreement on exports have reached an advanced stage. India's deputy commerce minister, PA Ganga, added that after years of persuasion, some of the African tea producing countries had finally agreed
      AFP  -  73 words
    • 47 1 UPI BEIJING, Fri. The output of China's textile industry registered a 17 per cent increase in value in 1981. The Xinhua News Agency said at least 40,000 new varieties of textile products were produced in 1981 to meet exploding demand for more attractive clothing. UPI
      UPI  -  47 words
    • 63 1 UPI LONDON, Fri. British businessman Andrew Pyke, held in Iran without charge for 510 days, flew out of Teheran today, leaving behind two other Britons in Iranian prisons. Pyke, 42, was arrested in August 1960, as he was leaving Iran and accused of spying, at the height of
      UPI  -  63 words
    • 70 1 Reuter BONN, Fri. The Soviet Union is forging ahead with deployment of its SS-20 medium-range nuclear missiles. Senior Western officials in Bonn discounted a West German parliamentarian's report to the contrary. Asked about a statement by a Social Democratic deputy that he was told in Moscow that stationing
      Reuter  -  70 words
    • 50 1 Reuter OXFORD, Fri. The US intends to remain neutral in the Iran-Iraq war and will resist any urging from Arab governments with Iraq. A senior Pentagon official spoke to reporters aboard the aircraft taking Defence Secretary Caspar Weinberger on a tour of Saudi Arabia, Oman and Jordan. Reuter
      Reuter  -  50 words
    • 68 1 UPI WASHINGTON. Fri. The Republican chairman of the Senate foreign relations committee, Charles Percy, has questioned the effectiveness of unilateral sanctions such as those imposed on Poland and the Soviets, saying they make Americans "look like fools". Mr Percy, apparently under pressure from farm and industrial constituents in
      UPI  -  68 words
  • 255 1 SHARE prices maved higher the fflagapirr stock market yesterday as aeatimeat teak a tan far the The Strata Tlbmb ladaatrlal Index gained S.IB gab» aa maeh Bteas the heglaaiag «C the week, peer market aeattmeat kad kaag ever the leeal hearse, dcprecalag Aare prieea.
    255 words
  • 279 1  -  By WANG LOOK KEAH THE Government Investment Corporation and Singapore private investors should look beyond Australia to explore investment opportunities in New Zealand. This call was made by the New Zealand High Commissioner in Singapore, Mr J K Cunningham, in his message for the
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  • 128 1 THE Public Utilities Board has amended its ruies for licensing electrical installations in non-domestic premises. From March 1, only premises with installations of more than 45 KVA approved capacity, including those in multi-storey buildings, will be licensed. Domestic premises and others with installations of less
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  • Page 1 Advertisements
    • 237 1 Times Bookshops raoaz KAY Hian and City Securities believe that the stock market will remain relatively stable this year, barring major political or economic upheaval Page 12 A SENIOR European Economic Community official has accused the United States of harassing the EEC with complaints and law suits over trade Page
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    • 187 1 This includes Olympic competitive scoring, pretty girls and golf club; That's why Lynx named its newesl hottest model golf club '10'. Thes< new-design woods and irons wen created expressly to commemorate the Company's 10th anniversary Ths Irons. When it comes to distance, control and accuracy. 10' lr<3ns meet the exacting
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    • 52 1 ?&;:"{~'+>^&-~($&==_?_=()],^}`] Atunfinqu/eai i 5 AhinlinqweGZ 13 < Tv&luan GROUND THE WORLD... >MUNSING>NE4R &QrOfld SlQfl)S U.S. A, THE SYMBOL OF QUALITY When you wear Munsingwear, You know you Ipok good. Anyway you wear it, Everywhere you wear it. AIUNSMGWE4R Today's bed-seller in active sportswear Sole Agent EXCELSIOR {PTE) LTD. 66 High
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  • BANKING AND FINANCE
    • 394 2 THE ability of the Overseas Private Investment Corporation (Opic) to underwrite American investment risks abroad may have been restricted again, less than four months after the US government gave it a slightly broader remit. The major factor which triggered off speculation of possible
      394 words
    • 440 2  -  By BERNADETTE CHOOI BANK of New Zealand's new offshore branch in Singapore represents the growing importance of trade between New Zealand and South-east Asia, which rose more than three and a half times during the last three years. Mr William Shaw,
      440 words
    • 479 2 Reuter EXPANSION of money market funds last year may have lowered the growth of MIB by as much as 3.9 percentage points at an *nnm»i rate. Economists at the Federal Reserve Bank of New York said, however, in the bank's quarterly review that this figure
      Reuter  -  479 words
    • 245 2 Reuter BRAZILIAN planning minister and economic chief Antonio Delfim Netto said negotiations are continuing with French companies and banks for an eventual loan totalling around US$2 billion. He said estimates given last month by Brazilian government officials that he would be seeking
      Reuter  -  245 words
    • 137 2 Reuter SOUTH Africa is to introduce a new tender system for the issue of government stock. Finance Minister Owen Horwaod told parliament the next treasury issue is only scheduled for April, but as a test run, tenders will be invited for issue prices
      Reuter  -  137 words
    • 415 2 BONDS LOANS Reuter THE Philippine central bank is to sign on Feb 12 for a US$325 million, 10-year loan, a bank spokesman said. The loan, (or which a four-year grace period applies, carries interest at 0.625 per cent over the London interbank offered rate for the first three years and
      Reuter  -  415 words
    • 575 2 Reuter THE Soviet Union has largely depleted its hard currency deposits with West German banks, and asked for payments delay to major West German textile firms. It is difficult to estimate the Soviet Union's current position with the banks, but at the end of
      Reuter  -  575 words
    • 250 2 BANK Fuer Gemeinwirtschaft AG (BPG) will make risk provisions for its Polish loans and has sufficient reserves in various forms to cover all of its exposure to Poland. The bank's management board member Diether Hoffmann refused to give the exact size of BPG's Polish lending,
      250 words
    • 119 2 Reuter THE WEST German government sees a tendency towards a stronger mark in 1982, but does not expect the currency to regain levels prior to its sharp decline last year. The government's *nmi»i economic report said lower inflation in West Germany, compared to inflation
      Reuter  -  119 words
    • 173 2 Reuter THE Pmpfhw* eeatral kaak ku set limit* «a ail terdga fcerrewiage m tt will exceed the ieto aervtee rati» eeUteg W per eeaL Ftoein leans weali he ati■ml eaty to the torefea exehaage easts etgh Me preleeto each as sgriealtare ievetopm«at, aaergy rxptorattoa aai etker
      Reuter  -  173 words
    • 78 2 THE am towards rimrtt digit hrtsreet r«U»g»tS5 szrzjxivvs prit I—ding rates. Fra« Maniaj, Bevel»» Mat Bank «I Wags pare wfll cat Ms /rime by V* perecatage patat I» lUt par eant, which to fhima CHaiai Beaklng Canarattoa's new rale tram yesterday. Baak (Maaday) aM Cttfhaak
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    • MONEY AND EXCHANGES
      • 467 2 THERE was little movement on the local foreign exchange market yesterday. "Hie major currencies were traded in a rather confusing pattern, with the major reason being the anticipation of money supply figures for the United States. Against the Singapore dollar, the US unit firmed from an opening of
        467 words
      • 135 2 THE dollar for overnight delivery in Tokyo yesterday closed weaker at 232.35 yen after opening at 232.90, dealers said. •This was lower than the 232.95/233.10 close in New York. 233.00/15 on the US West Coast overnight and 234.60 in Tokyo on Thursday. Trading was an active $1.65 billion. The
        135 words
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.9 per cent.
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      • 189 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Feb 5: U8 D*Uarf(9»o<) Off.r BW 7 days 1SH IS* 1 month 1SW 1SH 2 months IS S/16 IS 7/16 3 months IS U/16 IS 9/16 6 months IS U/16 IS 9/16 9 months 1SH 1SH 12 months 15*
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      • 48 2 RANGE of prices often Ed by discount house* > on Fed S: Overnight 2% to JVi* Call depot it* 2% toJW* hrai S«Uia« 3-month Treasury bills 29/10 2 7/16 3-month Bank bUU 013/10 0 11/10 3 months CD 6S 6 month* CD 7H 7* Source: National Discount Co
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      • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 8 to Feb 12: Offered: $170,000,000 ApplM for: $401,250,000. Allotted: $170,000,000. Accepted Uds: $99.33 approximately 11 per cent higher bids in full. Average rate sf diseeut sn allotment: 2.565 per cent per annum.
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      • 221 2 SINGAPORE gold futures yesterday closed generally firmer compared with overnight levels in light trading. Prices were marked up between US$6.5O and $7.50 an ounce at the outset following the metal's strength in New York on Thursday night and thereafter fluctuated narrowly. Total sales for the day including kerb volume
        221 words
      • 34 2 Wmt New York tm uc LSB Zurich 8 J03 IJB UK O 42c 1UB m StaCapor* m LOB gjgg t.UB 1 up Qaatag prlct troy (law laUSd koQart Source: Credit Suisse, S'pore.
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      • 178 2 THE US dollar in Hongkong yesterday fell against major currencies in late trading after some heavy selling in the afternoon, dealers said News Japan's Finance Minister Wan tana be said the US will join with other countries to intervene in foreign exchanges if rates move excessively was behind the
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      • 91 2 THE dollar in London yesterday weakened slightly in moderately active trading as the market looks forward to a drop in US money supply yesterday While Eurodollar deposit rates opened a shade lower, dealers said the interest rate picture is still clouded following confusion over re- marks by White House
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  • Page 2 Advertisements
    • 286 2 Senior Appointments SL MARINA CENTRE DEVELOPMENT PTE LTD SLMCD is currently engaged in the development of the Marina Centre Project which when completed, will comprise 3 luxury hotels, a large retail complex including 4 department stores, parking space for 2 600 cars and vanous ancillary facilities. In line with its
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  • TRADE AND INDUSTRY
    • 400 3  -  By AGNES WEE A TECHNICAL forum on steel structures next month is expected to revive the growing controversy between advocates of concrete and those of steel for future ?building projects. The forum, to be held at l'. the Hyatt Hotel from March 30
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    • 260 3 THE Singapore branch if "-'lrving Trust Company has announced the promotion of "RmmM Lake to vice-presi-l. dent. Prior to his joining Irving Trust in January 1979, Mr Loke spent six years with «-the administrative service of the Government and 2Vfc C years with another foreign x. bank.
      260 words
    • 281 3 LIM SOON NEO TWO reseat Btogapere-Thal-laid Jaiat-veatares will eaabte Thallaai to expert mere frmita aai wemX—4 to Saga* pare. lie first jeiat-veatare T-80 Csafaay Is a tte-ap hetweea the Thai (C 80), uittw Thai esmpaay, Universal Travel Ageaey, aai Peek Heat Tea*
      LIM SOON NEO  -  281 words
    • 728 3 'TWELVE British manufac- turers of equipment or materials will exhibit at the 2nd International Rubber I and Plastic Exhibition for Asia to be held here from Feb 23 to 27. They will exhibit in a Joint participation organised by the British Plastics Federation in cooperation
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    • 383 3 -THE Singapore Institute of Arbitrators has invited lor M Karthigesu to give a talk on "Conducting an ad-hoc arbitration" at its lunch on Feb 26. The lunch will be held at the Raffles Room of the Tanglin Club. More information may be obtained from Mr Goh Tiam Lock
      383 words
    • 126 3 THIS imposing structure outside the World Trade Centre's Exhibition Hall 4 is being publicly displayed for the first time. A vital piece of equipment for offshore drilling operations, the snubbing unit is rarely seen except S' the few who operate it. Weighing a
      126 words
    • 575 3  -  By SALMA KHALIK A NEW trading company will be set up in Singapore to promote exclusive products and to supply Galeries Lafayette, the new French department store, with these products. Mr Mcgrath, managing director of May Management, the holding company of both
      575 words
    • 251 3 THE LUCRATIVE West Asian trade has attracted more and more middlemen, especially the small traders in the Par East. Among the latest to Join the race for trade with the Arabs is Arabasia Investments, a member of a Ferns group of companies which have set up
      251 words
  • Page 3 Advertisements
    • 210 3 The 16 days that shook Hie world. Now see the War in mctures and i It oil hoppened between February 7,1979 and Morth 5,1979 a very short span of time and a very limited war. However, the repercossiom and significance are indeed extremely for-reaching because this War was fought between
      210 words

  • OVERSEAS
    • 589 4 Reuter, UPI A SENIOR European Economic Community (EEC) official has accused the United States of harassing the EEC with complaints and law suits over trade. The official, who asked not to be identified, said on Thursday that the EEC and the US are closer to
      Reuter,; UPI  -  589 words
    • 433 4 NYT TWO OF West Germany's largest steel companies have agreed to merge their activities in a new joint venture that would form Europe's second-largest steel company. Krupp Stahl and Krupp Sudwestfalen, steelmaking divisions of Fried. Krupp and Estel-Hoesch Werke, which is the German arm of the
      NYT  -  433 words
    • 257 4 UPI WEST GERMAN Ckuedlw Helmst Sehmidt appeared i—»l yesterday af winning a wsfliww vete la Parliament aa his ILS-Ml- deatsehemark programme te redaee ike highest aaempieymeat rate la 71 years. Bat the victory will att aawe passage the legtelattoa designed to flaaaee
      UPI  -  257 words
    • 385 4 Reuter DONOR countries of the Asian Development Fund, meeting in Paris on Thursday, failed to agree on new capital resources for the fund when the United States refused to pay its full share. The fund is a subsidiary of the Asian
      Reuter  -  385 words
    • 170 4 AFP TWO senior officers of the Hongkong Export Credit Insurance Corporation (ECIC) have gone to Argentina and Chile to recuperate export debts running into millions of dollars. ECIC estimates put overdue payments, mainly for toys, in Argentina at HK$25 million (US$4.3 million). The insurance
      AFP  -  170 words
    • 346 4 Reuter THE US, Japan and Europe will emerge from recession in mid-1982 and gain economic strength through 1983. John Petralia, director of international marketing for Chase Econometrics, said the US economy will respond to President Reagan's programmes inspite of an excessive budget
      Reuter  -  346 words
    • 184 4 Reuter OFFICIALS of US banks with loans outstanding to Poland may meet soon after a deadline expires for Poland to pay all interest due to their organisations in 1981. The meeting has been tentatively set for Feb 17, two days after the deadline
      Reuter  -  184 words
    • 471 4 Reuter EGYPTIAN President Hosni Mubarak has reaffirmed his country's commitment to the Camp David accords as a framework for a Middle East settlement. It was the first time during his Washington visit that Mr Mubarak had publicly mentioned the Camp David agreements, signed by Egypt,
      Reuter  -  471 words
    • 493 4 Reuter ALGERIAN and Soviet price compromises as well as a setback for a trig Nigerian gas project show the world market for gas is proving more difficult than exporters expected in the early days of the energy crisis. Industry officials said it now seems
      Reuter  -  493 words
    • 344 4 Reuter THE SPOT crude oil market, the oil industry's barometer of price trends, drifted lower this week under continued pressure from the lingering world glut. Operators said sellers were offering some Saudi Arabian light, the most-prized crude, at a discount of US$l.5O off the official Saudi contract
      Reuter  -  344 words
    • 762 4 ARRIVALS Scrrico Local Operator Nuber Ti*e Froa AI AI411 0006 SYD/PER SIA SQ11 0025 LAX/TYO PAA PA0Q6 0230 NYC/SFO/ AHA/HKG CAL CBS m TPE/HKG Cargolux CV736 1 MAS MH601 0(15 0700 LUX/DXB KUL SIA SQ101 0845 KUL MAS MHBU 0845 PEN MAS MH67I 0915 KUL RBA Bid
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    • 368 5 Reuter, AP SIR Freddie Laker, British pioneer of cheap air travel across the Atlantic, announced yesterday that his cut-price airline had gone bankrupt. A statement from Laker Airways said be had asked his bankers to appoint a receiver and manager for the airline,
      Reuter,; AP  -  368 words
    • WORLD IN BRIEF
      • 447 5 Agencies IRANIAN State Radio on Thursday called for the overthrow of the Saudi government and said Iran undertook to protect the small Arab Gulf states. "in an Arabic service commentary monitored in London by the British Broadcasting Corporation, the radio said: "In view of the latest Saudi
        Agencies  -  447 words
    • Article, Illustration
      451 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Singa (1500 tide) 28/2» Equator HI (after Builder) 22 Iweri (0700) 20 EAST Karl Marx (0600 D/L) 35/ 36 Keiyo Maru (Ro/ro) (2200 after Karl Marx) 35/36 Nile U (1200) 3/4 Reefer City (0600 Subj. freeboard) 19 Sune S (0800) 30
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    • 299 5 Reuter LEADING Japaaeee teaks pUa to eater the geld baalteakteg'tow KkeiiM tar April 1 aader galdellaee to be hmi by the Ftaaace Mlalstry smb. All 13 dty baaks plaa to ■ell gaM bars to mhain, ksae tali paasbeeks er eertlfleates ef geld, while same
      Reuter  -  299 words
    • 588 5 NYT PRESIDENT Reagan has announced that the United States had presented the Soviet Union with a draft treaty proposing the elimination of medium-range nuclear missiles in Europe. The draft treaty, which Is based on the so-called "aero option" plan endorsed by Mr Reagan, was
      NYT  -  588 words
    • 560 5 Reuter, AFP PRESIDENT Reagan will propose a budget next week that will sharply reduce social aid, increase defence spending to record levels and result in the biggest deficit in US history. Hie White House is still ftn*n«<ng the budget for the 1983 financial year, beginning next October,
      Reuter,; AFP  -  560 words
    • 325 5 AFP HONGKONG business leaders yesterday called for retaliatory action against France for taking "illegal and discriminatory" action against exporters in the colony. The controversy arose earlier this week when France banned further imports of radios from Hongkong retroactive to Jan 13 on grounds
      AFP  -  325 words
    • 378 5 UPI AFTER a week-long heated political debate, the UN General Assembly was expected to adopt with a strong majority a resolution calling for Israel's total isolation to punish it for the annexation of the Syrian Golan Heights The resolution declares that brad is not
      UPI  -  378 words
    • 191 5 AP THE government-owned Malaysian Airline System (Mas) and the Australian national carrier Qantas have been granted rights to operate into Brisbane, Australia, and Penang, Northwest Malaysia, under a revised air services arrangement reached by the two countries. Both airlines will also be allowed increased capacity
      AP  -  191 words
  • Page 4 Advertisements
    • 367 4 l»*w available aa Update t0... The key to under standing ASEAN The ASEAN Report Update Published by The Aslm Wall Street Jearaal The ASEAN Report gave businessmen for the first time a key which opens the door to doing business with the countries within the Association of Southeast Asian Nations
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  • Page 5 Advertisements
    • 153 5 riP® hSTj m ANYBODY with any interest in Malaysian political life has heard of The Malay Dilemma. Not everybody, though, has read it. Or read it with an open mind. The notoriety of being a banned book until recently, has given rise to many misconceptions. The book by Malaysia's present
      153 words

  • 583 6 NEVER ONE door closes but another slams in your face. So goes the cynic's view of a life in which the light at the end of the tunnel is almost certainly a train hurtling towards you. This outlook is not shared by Mr
    583 words
  • 831 6  - Mass weddings In Beijing The authorities in Beijing are telling young couples to have a mass wedding and do away with lavishness, while the Chinese press carries cautionary tales of how expensive weddings can lead to debt and marital discord. Beijing is going all out to discourage 'wasteful' private ceremonies
    NYT  -  831 words
  • 673 6  -  By RONALD CLARKE Reuter HOLLYWOOD, once con- sidered the fading gbm«ir girl of the entertainment industry, is being deluged with millions of big business dollars. The reason may rest more in television (which gave the cinema box office its biggest battering) than in the cinema, film industry
    Reuter  -  673 words
  • Page 6 Miscellaneous
    • 654 6 -11-0R CROSSWORD CRYPTIC PUZZLE ACBOH 4 Film of lubricant (6) 7 Having the choice, release a certain document (4, 4) 8 A sign that one will start as one means to finish (6) 10 War time? (5) 13 The master is an author (4) 14 Hitlerite who could get nothing
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    • 6 6 Beert sTfcNDir4&| ft GOOO "RLH nn»v*JTeS
      6 words
    • 571 6 THE DORIAN SECRET TIB DEATH sf Fraak Mrt biker triggers all a pee s lis •kmtmUm with ley, Mw|m WsWwmnl, ■ti Glass ail Rfc Tsay Mm to mm mm 9 jt to reveal toe Into Arkto teto as Me, toea, Tsar's stotar, aria New Tafc altar her wmwwMQtafrmi ■el i
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  • 1050 7  -  H HOTEL IHPPBTRY By TSANG SAU YIN "AMARA HOTEL has had many suitors who came from far and wide to seek her hand in marriage. It was not an easy choice but from them, we have carefully chosen SAS Catering, whose records show it to
    1,050 words
  • 820 7  -  FORUM with RUSSELL BAKER NYT I DROPPED in on Two Ronnies. He was delighted. "Great you could come by," he said. "Let's just sit around with our feet up and smile and be nice folks." "I'd like that a whole heap and then some, TR,"
    NYT  -  820 words
  • Page 7 Advertisements
    • 140 7 The pick of Mi dictionaries Qtyl CHAMBERS Dictionaries, General and Children's Books TWENTIETH CENTURY DICTIONARY S R wised adition with n*w wpplMiMit The Twentieth Century Dictionary stands alone among single-volume dictionaries. It has retained its place by adapting to the times, to changes in our language and this tradition continues.
      140 words

  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 141 8 FSB M ARM Fla M»l«l \uch Ahold a. io Alio AMXV MM I1J0 +ai -0J Amfu Amrotmk 1X0* 4U0 -OJ -0.8 22TSUM Boil J1 00 UACfl Bonuml) Burtisuuin ***** «a« -i -0.7 Caiand Cahw Dal ft Dmll Ml) 3SJBD 11 tx TIM •U unch <■ 0j Knola mn •U
        141 words
      • 235 8 rWB M Fr» CORBEILLE Air-Liquid* B 8 N Otmll Danon* C s r (Tboaaoi dm Pvtrote* Compafnlc financial* Cmnpunw m 1490 t330 IAN 3 +00 413 4-OlO £S?%a;ir Dt Pranec Hacbctie (Ubralrte). Mifhlnw Bull MVchelln (B) I Pari Da* Pachlnay Clglnc Kuhlmann 337 00 3106 731 +73 unch -U
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      • 90 8 FEB 04 Pra FORWARD MARKET Ac*c >3 Arted uoo -30 Ajtur at -3 Brucui 074 -31 Bni-Lamb 1300 -33 100 -30 -M Dt Been IK >0 Ebc* 1960 >10 Ktecuobel 4046 ♦s Qb-lnno-Bm 2900 -s Qtv 1006 -5 Hobo* 3700 -30 P»tro Ryl Dutch 4000 14*4 -40 -04 Stdro
        90 words
      • 196 8 r*B m Dm Aac-Tttofunkra «2J0 -43 Atao X40 -*-«11 Alls Lcbcn inooo 10 Alls Vert 460 00 BASF 137 JO 04 BljHT Wbank moo wum -3J Bar vtank Baj*r Ill JO BBC at. oo -0.5 BMW IMJO 1 CiatUa 230 50 Cham Vent 213J0 Commershank 135 70 Contl Oumml
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      • 168 8 FEB 04 Prsnci AcUocu 8iiln AIuiiiId Br Ml MO i 5 Alunitar Rm Brown Dovcri Br Cite Orto Br at* o«ny p c as 1000 IMS MO J 15 10 s Clba Octcr <*•( Credit Sulaw Br MI s 1836 X Credit Sulaac Rcf Dttlrontt Br Ocorft PlKttcr Br
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      • 92 8 Bel Cmbih Ord ut 4-1 mm -am 5190 -46 Good Acqum Rmu Erldanla 210 unch ***** +10 nu Ord OaMrmll Ola Ifl Mi ia -u *****0 -996 sao SIM -w iuiccmcnu Ord IlaJfmi LapMIt Ord Mediobanca Muuic Am Ord *m -u sou -in sito -ioo -moo unch ***** JO
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    • 127 8 FEB M C» uoch AbttJM /Ucan s So Alfoma Bvtk Mont w* Bh -H unch Bank Not* ScoUa Bell TH M 17* Betft Corp BP Can Ltd H a« -m CubsTIm Taint ~ZZ Can Imp Bk II 14* a* Can ciac Tl UfkCh Canpar In* Pf carlinc OKeefe H
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    • 219 8 rZB M Rand INDUSTRIALS A Alpha tso admcqo AM And CI AM1C Ba/lowi a.*r Currt* Flnanc* D* Bwn lad 410 MO BOO 10S0 His unch unch 10 -j| 1MB MO unch Edton 11M +M U|ui Twn^Qi MHO rws voik MB unch ruga Oardian MO 0 OMnanl HZZ Ormwmn Hippo
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  • Page 8 Advertisements
    • 260 8 W here to nine, dine and entertain I Don't leave home without it. To apply for the American Express Card Ca11:*****33 foiwemnmj Special The true Singapore flavour—only $8* Our popular Nonya Buffet Luncheon at a special price. r Lunn COFFEE HOUSE 12 noon to 2.30 pm. 2nd Floor Vl price
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    • 95 8 I fitJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. I .'■>( I r. J I I (ir rt'scrciitK)HS cud /.">'/ l H > J V© I ';n k SIMTJUoii. Siiili;i|»occ bfclftiM a NUTMEGS > offers JAZZ BRUNCH onSundays 11 a.m. 3 p.m. $21++ per person Please call
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    • 135 8 See Page 9 for New York prices and Page 11 for Asian stocks TIVE CONTINENT^ Kl sm HAST Before you flv away to foreign lands, check-in your hags then seek out the Five Continents Restaurant. Relax in intimate surroundings and wine and dine on the most superb international cuisine you've
      135 words
    • 173 8 When you dine, dine Cantonese. •> 3 i o o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set
      173 words
    • 146 8 r v If 111 HK \t V/ 18 good-luck dishes. M i YueSheng (Raw Fish) Pig Trotters with Black Moss "WINDFALL EVERYWHERE" Braised Abaiona with Black Moss "PROSPERITY GUARANTEED" Stuffed Mushrooms with Mashed Shrimps "HANDFULOF GOLD" Sweet ft Sour Meat BaMs "SOURCES OF WEALTH FROM BOTH SIDES" Green Vegetable wtth
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  • RAW MATERIALS
    • 174 9 CHINESE Puisee Exefcaage, Stagapere, mm eMig prices per 1« kg yesterday. Csesast «II: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob 1116.00 sellers. Cspra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00 sellers, Sarawak white pepper
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    • 141 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yara: China Blue Phoenix 20s 2,490 32s 3,190, 40s 3,235 (per bale of 400 lbs). Pakttsa raw oettea: LSS 5.90, 4F 5.85; 289F 5.97; NT roller ginned 5.93 (per lb). CLOTH in
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    • 317 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.05, 100 per cent third class 1.03, 25 per cent new crop no stock, B-10 per cent no stock. i THAI BROKEN: A-super 0.70,
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    • 106 9 THE STRAITS tin price In Peaang yesterday fell IS cents to M 534.55 a kite, still within the ITA middle sector $32.M and $34.18. lie Influential buyer was seea strongly supporting at this level with estimated tonnage of Hi to 129 tonnes. Contfnned lower disposals s( tin metal
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    • 32 9 Rubber: Feb 5 Singapore: Feb: 180.00 cents (down 0.50 cent) Malaysia: Feb: 206.00 cents (unchanged) Tin: M 534.55 per kilo (down 15 cents) Official offering: 180 tonnes (down 3 tonnes)
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    • 123 9 SOYBEAN futures in Chicago on Thursday closed three to 4 US cent a bushel higher in thin trade. The market closed on a technically weak note, since values closed below the March based $6.51 level, the point at which a chart gap was filled on the upside earlier in
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    • 1058 9 NEW YORK STOCKS STOCKS IN New York on Thursday closed mixed as blue chip issues outperformed the rest of the market, which continued to be dominated by concerns about the direction of interest rates. The Dow Jones industrial average dropped more than six points at one point
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    • 215 9 RUBBER prices in Singapore yesterday closed slightly lower with February One RSS buyers quoted at 180.00 cents per kilo, down half a cent from Thursday's close. Morning prices were slightly lower on some profit-taking after an unchanged opening. The afternoon session was quietly steady. In Ksala Lam pur, the
      215 words
    • 308 9 RAS prices In centa per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 179.00 100.0014 Int. 1 R.S.S February 180 50 1X100 Int. 1 R.S.S. March 183.50 114.00 Int. 2 R.S.S l«t JO 168.50N UK Coot 1A5J0 107JON Int. 3 R.S.S. 1C.50 164 SON
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    • 108 9 NOON S8R tad SMR print ya ni<my. RA8 Ftkrun (Cnmnt MU) Mtnk (Fnrward Mtk) 3SR 20 SSR SO MBSLB (1-ton pallM) (1 ton pdbt) mmjmrm *****N 162-50 Faknary irooN 184.S0N Ma Rftn 187.00 184 SO nk *****N 188. SON SMR CV SMR L SMR 6 SMR CP
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    • 279 9 WESTERN delegates on Thursday expressed strong reservations about a United Nations effort to help Third World countries process more of their own raw materials in order to increase their export earnings. They told a subcommittee of the United Nations Conference on Trade and Development
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    • 697 9 COFVEE: Robusta coffee futures yesterday ended the morning slightly steadier, £0.5 to £6 a tonne above Thursday's close in traded positions. Selling by one British trade house in particular depressed levels at the opening call. The physicals market is quiet with a wide difference between prices that origins
      697 words
    • 130 9 THE Kuala Lumpur crude palm oil market yesterday weakened in fairly active trading following easier Rotterdam prices, dealers said. In February, south fell M{s to $995 a tonne and central fell $10 to $960. In March and April, the southern region lost $2.50 and $15 to $960 and
      130 words
    • 220 9 WHEAT futures in Chicago on Thursday closed down 6 V* to 1V« cents a bushel, with the May position again slumping to a new season's lows during the session. Traders said steady long liquidation dropped prices through the technically important March based 13.75 support level, and once prices penetrated
      220 words
    • 594 9 AFP MALAYSIA has again called for an upward revision of the buffer stock price range under the International Natural Rubber Agreement (Inra) to help maintain a satisfactory level of rubber production. The Minister of Primary Industries, Datuk Paul Leong said that a
      AFP  -  594 words
    • 297 9 UPI WHEAT PRICES are low in spite of record demand because two record US wheat crops are expected to be followed by a record harvest this year for a third year in a row. The US Agriculture Department says a record 1.6 billion bushels of wheat were
      UPI  -  297 words
    • 254 9 THE RUBBER market ruled quiet and relatively static during Jan 21 to Feb 4, as levels fluctuated within a 4-cent range to three cents off on balance Ciapiay, said. Prior to the Lunar New Year, quietly steady conditions were noted as shortcovering interest allied with Russian
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  • Page 9 Advertisements
    • 103 9 I t New words and phrases have already been contributed to the language by the traditional computer industry Bootstrap and Deadly Embrace for example have long been in Anthony Chandor's Penguin Dictionary of Computers. But the new context of microprocessors is absorbing, adapting and often giving new meanings to these
      103 words

  • 1391 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ON* INDUSTRIAL COMMERCIAL Aesia (174B) Alttod
    1,391 words
  • 190 10 ■NQ1P0UIINT1W mr DIAMOND MOT STOW 1 (MM|n'|riMkfN kt) Mm Mr FA t A t) The Commerce 111 L2T The Saving* Fund LS LS S'poreFd (USJ) AM OH S pore Prof Fund I X lfl SI 1.M S pore Sec Fund LB LIS (Jan) (today) S pore Invest Fund
    190 words
  • 2866 10 Gr"» Gr's Net lMl/lMl 1 Last D1t Div YTd P/E Vol Day Hick i Low Company Sale or- Crr (TOO) 3 J f DC 8ECTION ONE INDUSTRIAL ft COMMERCIAL 494 248 Ac ma 275 14.5 3ft 5ft Oft 115 115 Alcom 115 4.8 2.0 4.1 19ft 3B0
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  • 1482 10 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 o( 1,000 units, unless otherwise specified. DfDURUAM (J. 506) Almm (1.348 1.355) (5) 1-34 (15) U5 Ain Mi
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  • 122 10 8PP Umttei: Twenty-ninth AGM to be held at 315 Alexandra Road, Singapore, on Feb 12 at 9.30 am. THE New Strait* lines Pre* (Malayria) BerfcU: AGM to be held in the company's theatrette, Balai BeriU, 31 Jalan Riong, Kuala Lumpur on Feb 30 at 11 am. MALAYSIAN Tabaeea
    122 words
  • 661 10 POOS aeattaaeat which had etoadad the itoekatrfcet tor ■early the whale week wae Bhare prices epeaed generally steady, attheagh hraken aald tradlag wai atffl rather aahdaad. A tavearaWe Mawee ea the staekmarket was the aews st farther eato ia the plat trading rate. Yesterday OCBC
    661 words
  • 589 10 THE Kuala Lumpur stock market bounced back yesterday In a frenzied last few minutes of buying that completely mesmerised most punters. Turnover was also hijrhsr. Apart from some mild ripples, the morning session was quite dominant ss there was very little enthusiasm with prices stagnating around
    589 words

  • COMPANY NEWS
    • 1247 11 PROFESSOR JIM GOWER. the oneman review body appointed last year by the UK Trade Secretary to see if investors in securities need more protection, has opened a debate in London corporate circles which could outshine the most vociferous Oxford Union meeting. He was appointed after
      1,247 words
    • 828 11 LONDON, Ttaurs. Equities slipped back after news of redundancies at Lucas Industries but government bonds added to yesterday's gains. The FT index closed 3.2 points lower at 574.8. A midmorning rally in equities was thwarted after Lucas Industries announced 1,050 redundancies at its aerospace industry division. Lucas closed
      828 words
    • 1016 11  -  The ICI group, which has been in Malaysia since the *****, has grown rapidly. Turnover of its four operating units was last conservatively placed at M 5453 million. It has just finished its second restructuring that of trading unit ICI (Malaysia) which owns the
      1,016 words
  • ASIAN STOCKS
    • 274 11 THE Sydney market yesterday mounted a strong resistance to the technically depressing effect of rising local and US interest rates. Most blue-chip stocks made small gains, brokers said. At the close the All-Ordinaries index was up two points at 549.5, the industrial indicator was up 0.8 to
      274 words
    • 309 11 SHARE prices in Tokyo yesterday fell in thin trading, with caution evident because of uncertainty about US interest rates and the trend of the yen/dollar rate. The market average lost 32.82 to close at 7,801.88 on a thin volume of 260 million shares. The Tokyo stock exchange
      309 words
    • 41 11 STOCK prices in Bangkok yesterday again closed mixed in slow trading centred around popular shares. m 06 Bant m uneb Baal Of An^lMya IM Charooof Thai ■ta. Bi miM 4M0 -t-W 0* Carp latamUontl p*—*«?*£ Tmr 40.75 *15 mm a*
      41 words
    • 50 11 FINANCIAL TIMES INDUSTRIALS Thursday... 874.8 Wednesday 578.0 Week Ago 87X8 DOW JONES AVERAGE INDUSTRIALS Thursday 847.03 Wednesday 845.03 Week Affo 864-25 H.K.HANG SENG Friday 1385.70 Thursday 1388.38 Week Ago 1417.42 AUSTRALIAN INDUSTRIALS Friday 689.8 Thursday 888.0 Week Ago «92.4 ALL ORDINARIES Friday 549.5 Thursday 547.8 Week Ago 548.9
      50 words
    • 291 11 HONGKONG STOCKS IN Hongkong yesterday closed lower on pared losses after some selling around midday, brokers said. Share prices firmed in the early stages on sporadic technical support,-but then softened when buying dried up and there was a lack of other supporting factors. Trading was only moderate
      291 words
    • 107 11 STOCKS in Manila closed mixed as the commercial/ industrial sector recovered to close higher together with oils while miners declined, on a turnover up to 3.5 million pesos from 1.8 million, dealers said. Among gainers were CDCP which dosed at 2.58 from 2.52, Atlas Con "A" at 12.20 from
      107 words
  • Page 11 Advertisements
    • 162 11 what happens when you only plain rice? You krnw that he will find H unpalatable and it's not nutritional enough for proper growth. 4 i And so it is with the intellectual growth of your child. The school textbooks are like plain rice. Your child needs more than that to
      162 words

  • Chief Price Changes
    • 152 12 Rises Indices G B Life 1830 MTC 770 RoChi«»« Niia 000 I C B 700 Eaao MO Malaa Fa ills 290 S T P 1975 836 MB! Hides 700 Rotkaui lad* 006 BAT 283 Wmtim 368 Shall 430 Kiaca 412 liltid ft Pen 790 Tat Lm Bank 030 Falls
      152 words
    • Article, Illustration
      149 12 SENTIMENT toek a tors for the better yesterday on the Stock Exchange of Singapore and meet share priees ended the day higher. The Straits Times Industrial Index gmined SJB peints te el«se at 788.18, while the Bssteess Times Indicator sf the day's II mest active stocks advanced 522
      149 words
  • 172 12 THE Nlppaa Credit Bank (Caraeaa) Flaaace N V has fixed the rate of interest on its US$30 million guaranteed floating rate notes due 1967 at 16 Vi per cent. The interest, payahle on May 10 against coupon No 9, will amount to US$203.80. This has been computed on
    172 words
  • 877 12  -  *****1 i,dW "iw? Mr Companies Editor: Mano Sabnani By CHRIS LIM TWO local broking firms, Kay Hian and City Securities, believe that the stock market will remain relatively stable this year, barring major political or economic upheavals. City is more optimistic about the short
    877 words
  • 298 12 STRAITS Trading has disposed of another of its investments. The tin-based group announced yesterday the sale of its entire shareholding in Pengkalen Ltd 423,517 shares of lOp each for a total consideration of M 59.36 million in cash. This works out to about $22 per share, which
    298 words
  • 172 12 AFP HILL Samuel Merchant Bank yesterday announced a record capital growth of 49 per cent for its Far East Trust, specialising in portfolio investment in the Far East and Australasia. The trust thus outperformed the other 400 British investment trusts as well as the
    AFP  -  172 words
  • 181 12 PRIMA Ltd, a substantial shareholder in Amcol Electrical Industries, has trimmed down its shareholding in the electrical group. Amcol yesterday disclosed that the flour-milling group had disposed of 166,000 Amcol shares on Feb 3, 1962 thus reducing its stake to 834,000 shares
    181 words
  • 313 12 Carnal Ex ■aafca Date Total tar Tatalter Payaaat Date Claw PayaMa the year Piwlaa Ayer Maiefc 3WKq) Feb 3 Feb 15 Feb 26 30% 30% Bata Kawaa 15% Feb 8 Feb 18 Feb 27 20% 20% BerJkjt Iml 4%TEI Mar 3 Mar 15 Apr 5 4%TE 9%TE C8apri
    313 words
  • 328 12 Cwpuy MMn Ex Date Basks < MBFBtUtap MB8 City Der KllOagkall Tta Proposed bonus issue o(l fori Proposed bonus issue o(l (or 3 Rights issue of 1 (or 3 6 52 .90 per share Proposed bonus issue o( 1 (or 3 Rights issue of 1 (or 3 51.80
    328 words
  • 171 12 The withdrawal of Inchcape Bhd from participation in the equity of Sejati Motor Sdn Bhd may hold up the conclusion of the Toyota franchise takeover. Under an agreement in principle, 33 per cent of Sejati Motor's equity was to be held by bumiputras,
    171 words
  • 494 12 Date Lai it Fall Ye* tr funpiiy Ported Mi Net EPS Orees Pre-tax last year Div. Preflt <%> <$*•••> H Royal F 18/12 5.9 819(c) San Holdings I 20/li_ 797L OUS F 2/2 5.0 2,491 Shangri-La F 3/2 16.6 12.5 25,256 NBT I 10/2 5.0 7,332 Prima F
    494 words
  • 255 12 FOR those interested in long-term growth of capital and overseas investment, the month of April will provide them with an opportunity to meet one of America's largest and more successful money management organisations, the Capital Group. The meeting, which will be held
    255 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 61 12 aWEAT HER; OUTLOOK for Singapore today: Mainly fair, showers in the afternoon in several areas. Herat for 24 h*un prior to 7.3# pm on Feb 5 the airport: Maximum temperature 30.0 Associated humidity 64 Minimum temperature.. 23.4 Associated humidity 93 Hours of sunshine 2.75 Rainfall in millimetres Trace Total rainfall
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  • LEISURE TIMES
    • 867 13 OBJECT: To climb Mount Pisang, a 6,000-metre peak in the Annapurna region of Nepal. If time and weather permitted, to climb a second peak, Chulu, also 6,000 metres high. Then to cross a second high pass, Thorongla (5,400 metres) returning via the Kali Gandaki Valley which is
      867 words
    • 258 14 TODAY: GOLF: Chaagi: The Ladies monthly medals competition in the morning. The second round of the inaugural Tan Kong Eng Challenge Cup matehplay competition in the afternoon. SICC: This month's monthly medals to be played off stableford points at the following venues: 'A' medal at the New
      258 words
    • 881 14  -  ENTRY TO $50,000 MASTERS STILL OPEN By CHARMAINE CHAN SUKREE ONSHAM, Marimuthu Ramayah and Nazamuddin Yusof are several of the foreign professionals who will be competing against the best from Singapore in next week's Rolex Masters at the Bukit course. There is a possibility that Mya Aye, the
      881 words
    • 953 14  -  By RONALD KOW WE ARE inclined, sometimes, to put the Malaysian national soccer team on more or less the same level as Singapore's. Because the Malaysians have gone much further in international competitions than we have, however, we would be prepared to concede that they
      953 words
    • 505 14  -  FROM THE HORSE'S MOUTH By HYPERION MELODY QUEEN won first time out and should be good for a second victory in the opener at Bukit Timah today and I don't expect the extra couple of hundred metres to trouble her, especially after a good-looking sixth
      505 words
    • 754 14  -  mmrnsz By RICHARD SEAH WHEN Mr Michael Sweet watched the television documentary, Spirit of AsU, an early 19th century print of the Barobodur Temple in Java caught his eye. His immediate reaction was: "Hey! I've got that same picture." And every time David Attenborough used an
      754 words
    • 250 14 SOBAIL QAIBEB, the twsday aid Wartd Jaator Champlti, has leieralei reaewed nap ml far Pakktu as a (me I» to reefcsaed with la ttwtnv'i MltoAaeet V«M JuUr Team Over la Kaato Lemper darlag the ladlvidaal eveat, mark ku heea said ibnt the streagth ef the AsstnUiaa
      250 words
    • 109 14 SINGAPORE'S premier golfing tournament, the Singapore Open, carries $180,000 in prize money and will be held at the Bukit (March 25 to 28) while the $20,000 Pro-Am will be played on March 21 A hole-ln-one for any professional means $20,000 and a Honda Quintet Moor Manual 1588 cc
      109 words
  • Page 13 Advertisements
  • Page 13 Miscellaneous
    • 528 13 WHAT WHERE NEW YEAR JOY LUNAR New Year celebrations continue at die Stagapan Handicraft Centre. Organised by the Singapore Tourist Promotion Board, today's highlights Mnfc the Lion's Annual Quest, Mongolian dances and dog performances. At the internal plaza of the Singapore Handicraft Centre, 4pm to 6pm. This is followed on
      528 words