The Business Times, 24 April 1982
1982-04-24
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The Business Times
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Title Section10 1982-04-24 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, APRIL 24,1182 60 CENTS10 words
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411 1982-04-24 1 LEE HAN SHIH - By LEE HAN SHIH THE Petrochemical Corporation of Singapore (PCS) is investing over $10 million to make the control system in its naphtha cracker plant the most sophisticated in Singapore. By August, the $1 trillion plant in Puala Ayer Merbau will have acquired a Honeywell411 words
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177 1982-04-24 1 AP PHILIPPINE President Ferdinand Marcos has ordered a ban on all Philippine log exports starting next month after discovering many of them were overstretching their quotas at an "atrocious and horrendous" rate. The Presidential Palace said yesterday the alleged rampant smuggling of logsAP - 177 words
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432 1982-04-24 1 SOH TIANG KIANG - By SOH TIANG KIANG THE Export Credit Insurance Corporation of Singapore (ECICS) will raise its paid-up capital- next month to expand business and to boost exporters' confidence. Business Times understands the company will more than double its paid-up equity of 134.5 million to about432 words
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Article426 1982-04-24 1 THE Asian Development Bank (ADB) will move "passively" into three investment areas when it buys into equity to stimulate investments in developing countries. This is one of the proposals to be presented to the board of governors at its annual meeting in Manila next week,426 words
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352 1982-04-24 1 SIX public accountants, all partners of auditing firms, are contesting the Singapore Society of Accountants' council election today. In what accountants say will be a "hotly-contested" election, the six, representing the Public Accountants of Singapore (PAS) section of the SSA, are competing for four352 words
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BRIEFLY...
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Article98 1982-04-24 1 THE New Zealand Associate Minister of Finance, Mr J H Faiioon, will be in Singapore for an official visit from today to April 27. He will meet Finance Minister Mr Hon Sui Sen, officials of the Government of Singapore Investment Corporation and leading bankers. Mr Falloon hopes98 words
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Article57 1982-04-24 1 THE Development bank of Singapore will raise its prime lending rate by a quarter percentage point to 10 per cent from Monday. This would bring it in line with rates quoted by the United Overseas Bank. Both the Oversea-Chinese Banking Corporation and the Overseas Union Bank are57 words
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Article59 1982-04-24 1 AP TOKYO, Fri. Japanese and Asean business leaders wound up the second meeting of the AseanJapan Economic Council today after agreeing to promote their economic relations further. Mr Wee Cho Yaw, Singapore's Asean representative, said after the meeting that Asean leaders asked the Japanese to step up capitalAP - 59 words
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Article57 1982-04-24 1 Reuter BANGKOK, Fri. Continued monetary instability in Thailand may force more commercial companies out of business, the Bangkok Bank said. Thailand's leading private commercial bank, in its latest monthly bulletin, said 831 firms were officially dissolved in 1960, more than double the number in 1979. Since then theReuter - 57 words
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Article72 1982-04-24 1 Reuter BRUSSELS, Fri. The European Economic Community commission is pressing for an 18-month extension of its authority to impose obligatory output quotas on common market steelmakers, commission sources said today. These quotas are due to be abolished at the end of June but the commission felt thatReuter - 72 words
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Article90 1982-04-24 1 AP CAIRO, Fri. US, Egyptian and Israeli negotiators began a final attempt today to resolve Sinai border differences before the Jewish state withdraws from the Peninsula on Sunday. Israeli Foreign Minister Yitzhak Shamir failed to attend. "You know how hectic the situation is in Israel and that isAP - 90 words
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Article52 1982-04-24 1 AFP TOKYO, Fri. US vice-president George Bush arrived here today on the first leg of a five-nation Asian and Pacific tour. He said in an arrival statement that he looked forward to exchanging frank views with Prime Minister Zenko Suzuki and other senior government officials on variousAFP - 52 words
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235 1982-04-24 1 CHANGING needs and a nations! aasterity drive have led the Indonesian government to eiene down Its Batam liaises afflee In An Indonnaloa Embassy spokesman snid that since April I, ail matters relating to the Batnm bland project have been handled by the235 words
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481 1982-04-24 1 Reuter MALAYSIAN Prime Minister Datuk Sen Mahathir Mohamed, armed with an overwhelming popular mandate, yesterday pledged to carry out his promise of a clean, effective and trustworthy government. The 56-year-old leader said after his National Front coalition's landslide election victory that he wanted toReuter - 481 words
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Page 1 Advertisements
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Advertisement226 1982-04-24 1 SIN(v\PORK business US funds invested in the Singapore stock market over the past 10 years have realised the best gains vis-a-vis other international equity markets Page 12 DBS will introduce greater decentralisation to meet the challenges of its expanding and increasingly sophisticated operations. Page ll THE swills Development Fund will226 words
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Advertisement131 1982-04-24 1 You've got to be good to play MacGregor The MacGregor 693: Classic woods with the rounded flowing face and high crown. Made famous in the '40s and '50s as a model club on the MacGregor Tommy Armour. Now styled and crafted in the traditional excellence of the originals. TTie 693.131 words
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Advertisement118 1982-04-24 1 OFFICE AUTOMATION SDN. BHD. OJii Others promise. We deliver... Towards the Automated Office. @SEE HOY CHAN CROUP Tel Nos *****1/*****0 YVINIOVTAI' STAYS FRESHER, LASTS EONC.ER FROM STAN 1 FY lIASI NGf I AM. I \Nl.v 1U N1 IV 11 <r One more golden reason to savour your favourite Riesling. The118 words
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BANKING AND FINANCE
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566 1982-04-24 2 BERNADETTE CHOOI - By BERNADETTE CHOOI COMPETITION among Swedish financial institutions to service the growing number of Swedish companies in the region is becoming more intensive. Investments from Sweden have risen very significantly over the last two years, with the influx coming after 1900. In 1975/76, there were566 words
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235 1982-04-24 2 THE Singapore Credit Club, formed for the purpose of fostering closer fellowship among credit officers, has elected a new executive committee for 1982/1963. Mr Loh Kok Yew from the Singapore International Merchant Rankers Ltd will be heading the committee as president while Mr235 words
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236 1982-04-24 2 Reuter FEDERAL Reserve chairman Paul Volcker said the Fed's money growth targets are consistent with an economic recovery later this year. The Fed has set s longrange growth target for M-l of 2V* to 5Vi per cent. He told the Women's EconomicReuter - 236 words
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Article647 1982-04-24 2 Reuter THE issue price of the Japanese five-year discount national bond will be raised to 69.75 for the May issue from 69.25 at the previous issue in March, banking sources said. The national bond underwriting syndicate has accepted the proposal from the Finance Ministry so the yieldReuter - 647 words
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Article266 1982-04-24 2 Reuter JAPANESE hanks are required to submit their individual monthly external lending (dans for yen and dollar syndicated loans to the Finance Ministry from the present sixmonth period started this month, banking observers said. The method replaces the previous formula of the ministry giving approval on aReuter - 266 words
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353 1982-04-24 2 THE Hamburg-based European Asian Bank (Eurasbank), which operates a branch network stretching from Pakistan to Korea, registered an increase of 30 per cent in total assets for 1981, its 10th year of operation. Total assets reached 5.3 billion Deutschemarks at year-end, an increase of353 words
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Article156 1982-04-24 2 Reuter THE Japanese Finance Ministry is expected to increase yen-dollar swap line limits (or a second group of foreign banks operating in Japan, banking sources said. A first group of six foreign banks, three of them from the US, ooe British, one West GermanReuter - 156 words
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MONEY AND EXCHANGES
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Article444 1982-04-24 2 THE foreign exchange market yesterday saw dull and thin trading with the US dollar strengthening against some burrendes and weakening against others. Against the local currency, the US unit opened at S$2.lHO/S. Dealers said speculative buying by some banks drove it to a high of 5J2.1350/60. Subsequent selling444 words
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Article141 1982-04-24 2 THE dollar for overnight delivery in Tokyo yesterday closed easier at 243.10 yen after opening at 243.30, dealers said. The close compared with the 243.05/20 finish both in New York and on the US West Coast overnight, and 243.00 yen in Tokyo on Thursday. Volume was a light $1.12141 words
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Article22 1982-04-24 2 THE tvert|e rate at which major Singapore banks are currently prepared to lemd to their beat customers is 10.13 per cent.22 words
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Article174 1982-04-24 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on April 23: USDOmCSM*) Offer Bm 7d*jr* 15 3/16 151/16 1 month 155/16 151/16 2 month! 15 3/16 151/16 Smooths 15 3/16 151/16 6 months 153/1# 151/16 5 months 1415/*****3/16 12 months 1415/*****5/16 1 month 3 months 6 months 13174 words
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Article44 1982-04-24 2 RANGE at prictt altered by dlscouat houses am April S: Overnight: 3W% Call deposits: 3*« CM«C 8«IUM 3-month Treasury bills 3W 3H 3-month Bank bills «9/16 9 VI» 3 months CD 39/16 3 7/16 6 months CD 8* 8V> Source: National Discount Co44 words
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Article50 1982-04-24 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 26 to April 30: Offered: $90,000,000 Applied far: $140,500,000. Allotted: $90,000,000. Accepted bids: $99.12 approximately 59 per cent higher bids in full. Average rate ef dlaeaaat an allotment: 3.515 per cent per annum.50 words
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Article313 1982-04-24 2 SINGAPORE gold futures yesterday closed slightly firmer on some weekend covering interest partly due to continuing uncertainty over the Falkland Islands crisis and apparent lack of diplomatic progress towards a peaceful solution. Trading was light with total sales for the day recorded at 105 lots while kerb volume at313 words
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Article34 1982-04-24 2 Than W«4 New Tort 7.138 7.17B 7.jds 7.as Zurich 7.UB 7.15B 7.21S 7J2S PH Am Singapore 7.12B 7.15B 7JBS 7.J5S Closing price» in US dofian a troy ounce. Source: Credit Suisse, S'pore.34 words
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Article156 1982-04-24 2 THE US dollar in Hongkong yesterday eased against most major currencies in quiet, late trading though it gained against sterling which remained overshadowed by F&lklands developments, dealers said. Reports British officials were pessimistic about bridging the gap between London and Buenos Aires over the Falkland» crisis seemed to help156 words
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Article30 1982-04-24 2 Opening quotes yesterday US —1.7717/27 Can 2.1685/708 Cross -1.2242/45 DMk- 4.2460/95 D F1 4.7140/80 S FY 3.4892/935 B FY coo 80.22/32 F FY 11.0770/325 Lit 2340.65 2343.45 Yen 430.52/431.0530 words
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Page 2 Advertisements
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Advertisement351 1982-04-24 2 HENRY rajMrcmaia YEARS OF UPHEAVAL wwammsmmmmm wm wmmmmm ■MaawMH I st Mm I v B s ~c. !K "V ✓~l i > In Years of Upheaval, Henry Kissinger recalls the turbulent years of the second Administration of Richard Nixon, which began on 20 January 1973. Two momentous events and their351 words
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TRADE AND INDUSTRY
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414 1982-04-24 3 BERNADETTE CHOOI - By BERNADETTE CHOOI PROFESSIONALS in Singapore should take the lead in upgrading our industries. This call to professionals to be the "prime movers" of skills development was made yesterday by Mr Foo Meng Tong, administrator of the Skills Development Fund. Mr Foo,414 words
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Article266 1982-04-24 3 SPERRY Univac, a leading computer manufacturer in the US, has restructured its Far East operations into three profit centres, with one based in Singapore. A second centre will be located in Hongkong while the third has yet to be decided. All three centres will report to Sperry266 words
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554 1982-04-24 3 WANG LOOK KEAH - By WANG LOOK KEAH THE Skills Development Fund will subsidise generously the efforts of the National Trades Union Congress to provide basic education to over 200,000 workers in Singapore. It has agreed to subsidise 90 per cent of the course fees, 90 per554 words
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176 1982-04-24 3 THE Empertam Hetdtags graap has started aa empleyee suggestion schmm to top aad reward Its staff far Ideas to Improve the grwp'ibariMM. Mr Wang Tlng-Mla, the research and pa bile rata* tions manager, said the graap has iastalled suggestion hexes at Its 2S eutlets. lie176 words
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333 1982-04-24 3 COMPANIES In Singapore can now have their documents translated into Spanish, Serbo-Croate, Thai or even Swahili, if they wish. They can also have the translation within the hour if the documents are sent by telex to Inter lingua Language Services (S) at the World333 words
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Article, Illustration335 1982-04-24 3 CITIBANK NA has announced the following appointments: Mr Gabriel Tee Chen Thye was promoted to assistant vice-president. Mr Teo is a senior accounts manager of the institutional banking group providing financial services in the petrol e u m petroleum-related industries. He Joined Citibank as an executive trainee335 words
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Article192 1982-04-24 3 THE Singapore Tourist Promotion Board, in conJunction with Singapore Airline*, will hold travel trade seminars in Seoul on May 6 at the Cbosuv Hotel, and in Pusan on May 7 at the Sorabal Hotel. Travel agents, media and marketing/sales personnel of airlines haw been192 words
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Article1039 1982-04-24 3 SEMINARS AND COURSES March 1-May 6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS April 2-June 4 (Fridays): Sales Force Management, Bukit Timah Centre, Department of Extramural Studies, NUS April 5-May1,039 words
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Page 3 Advertisements
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Advertisement101 1982-04-24 3 1 HER I WORLD tJ COOKBOOK OF SINGAPORE RECIPES The first e9er complete Singapore home cooking book consisting of over 470 recipes. All the recipes were tried and tested by Terry Tan over some 25 years. These are typically Asian dishes close to the hearts of Singaporean, whether they are101 words
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Advertisement132 1982-04-24 3 Editorial...page < DinttM, Title, Veaoe mod Organiser FLY AEROFLOT THE FAST AND ECONOMICAL WAY TO EUROPE Going to Europe for business and time <s running short? Yes, when you art-on business and every minute counts, you can rely on us Aeroflot operates three flights weekly from Singapore to Europe on132 words
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OVERSEAS
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317 1982-04-24 4 UPI, Reuter CHRYSLER chairman Lee lacocca says "time is running out" for the US automobile industry unless the government approves US$l,5OO tax credits for high-mileage cars and the economy improves. lacocca called on Congress to correct the "unfair tax and trade advantage"UPI,; Reuter - 317 words
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302 1982-04-24 4 UPI BOWING to mounting pressure from angry rank-and-file workers, General Motors Corp has agreed to scrap effectively a proposal making it easier for top brass to receive bonuses during the next 31 months of a new US$3 billion concessions contract with the UnitedUPI - 302 words
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666 1982-04-24 4 NYT WITHOUT committing President Reagan, US Treasury Secretary Donald Regan has hinted that the administration would accept a temporary surtax on upper-income taxpayers as part of a budget compromise with Congress. The secretary also articulated more fully than he has before the viewNYT - 666 words
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Article427 1982-04-24 4 AP CHINA is about to enter the world market with a four-wheel-drive Jeeptype vehicle fitted with diesel engines from Perkins Engines Group Ltd of Britain, officials said. John Harding, director of Perkins' affiliate in Japan, said Perkins would supply 500 engines and transmissions to ChinaAP - 427 words
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289 1982-04-24 4 Reuter WEST German engineering companies have lost export orders worth billions of Deutschemarks to foreign rivals offering cheap statesubcidised export credits, industry officials attending the Hanover trade fair said. The French, British, Italian and Japanese governments have been particularly active in helping their industriesReuter - 289 words
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289 1982-04-24 4 UPI POLISH communist party leader» met in Warsaw on Thursday and heard a report about the "total collapse" of the nation's economy coupled wtth a warning that there is virtually no hope for improvement in the near future. "We cannot expect aUPI - 289 words
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177 1982-04-24 4 Reuter BRITISH Prime Minister Margaret Thatcher said in London yesterday the annual inflation rate would fall from 11 per cent to below 10 per cent well before the end of the year. The battle against inflation, cornerstone of Mrs Thatcher's tough monetarist economic policy,Reuter - 177 words
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126 1982-04-24 4 Reuter THE World Bank said yesterday it will lend U*****.4 million to the Philippines to help restructure its textile industry. The bank said in a statement the four-year, 1600 million programme will rehabilitate and modernise mills and expand spinning, weaving, knitting and finishingReuter - 126 words
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540 1982-04-24 4 Reuter THE Asian Development Bank (ADB) is close to meeting its revised target for contributions to its "softloan window" for developing nations, in spite of Washington's decision not to increase its offer. ADB president Masao Fujioka said the bank was between US$2OO andReuter - 540 words
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308 1982-04-24 4 UPI EGYPT, Israel and the United States planned more talks in Cairo yesterday in an llth-hour attempt at resolving a border dispute before Israel's final withdrawal from the Sinai Desert tomorrow. US Deputy Secretary of State Walter Stoessel, who has been shuttling betweenUPI - 308 words
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Article759 1982-04-24 4 ARRIVALS Service Local Operator Number Ti*e Froa MAS MH15A 0020 KUL PAA PA005 0145 JFK/SPO/HKG Cargoiux CV796 0315 LUX/DXB GAL CB3I 0350 TPE SIA SQ101 0806 KUL MAS MH671 0920 KUL MAS MH680 0965 KCH RBA Bid 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP759 words
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380 1982-04-24 5 A NEW private maritime arbitration agreement among 40 Asian and African countries became effective yesterday, the Tokyo Maritime Arbitration Commission of the Japan Shipping Exchange Inc said. The Asian-African cooperative agreement aims to settle various disputes in shipping, shipbuilding and ship sales in regional waters380 words
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190 1982-04-24 5 AP KEY West, the southernmost city of the United States, says it is seceding from the rest of America and will apply for foreign aid if necessary. Officials in the tiny, tropical island say they are seceding in a half-serious effort to provoke the USAP - 190 words
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Article, Illustration545 1982-04-24 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Dimos Halcoussis (after Orient Union) 5 Hugheverett (1300 after Iberia Maru) 33/34 Kota Melur (after Kota Ria sails ft Riederstein hauls) 10/11 Kim Soon Li (after Jenson) 21 East Perak (after Perils) 20 West Riederstein (hauls 36m west after Yucaly hauls) 8/9545 words
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Article, Illustration482 1982-04-24 5 Reuter, UPI THE Falkland Islands dispute is obscuring abundant evidence of economic recovery in Britain. In a speech prepared for delivery at an Institute of Directors dinner, British Chancellor of the Exchequer Geoffrey Howe said on Thursday the dispute did not poseReuter,; UPI; UPI photo - 482 words
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328 1982-04-24 5 UPI SOVIET military might has masked economic woes so serious that the country would be bankrupt if it did not possess the world's richest natural resources. A Western analyst tn Moscow yesterday said the economy is labour-short and technology-hungry, yet so complex that midway throughUPI - 328 words
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682 1982-04-24 5 Reuter KUWAIT, one of the world's wealthiest countries, has hinted it may have to scale down its ambitious development plans if oil revenues continue to slump. Finance Minister Abdul Latif Al-Hamad said on Wednesday that the small Gulf state of Just overReuter - 682 words
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WORLD IN BRIEF
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Article415 1982-04-24 5 THE Japanese Federation of Economic Organisation* said it will urge the government to take dramatic, unilateral market-opening measures to mitigate trade friction from Western trading partners. The federation is compiling a package of recommended measures to submit to the government, including a call for the early415 words
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221 1982-04-24 5 Reuter BUSINESSMEN from six Gulf states are launching a new investment bank to channel Arab oil money into foreign investments. Bank officials said Arabian Investment Banking Corporation (Investcorp), whose shareholders include prominent ruling and commercial families in the Gulf, would also giveReuter - 221 words
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Page 4 Advertisements
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Advertisement503 1982-04-24 4 If you fougM m it lived ttirougti tl-or lust wonder what It was really Hke. •4* J 11 L 1 UP» V fTT A HLw f > TT i i- L■ 'J 'J Many ntw bttofi punished! Relive the War years through historic. frontline battle photographs behind-the-scenes ms»ghts declassified files503 words
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Page 5 Advertisements
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Advertisement320 1982-04-24 5 and yourself and your family the Britannica advantage! it's the key to success in a competitive world That's why you should give your child ail the advantages you can Especially the toots for success. (That's what a parent's love and responsibility are all about.) Certainly there's no better tool for320 words
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Article386 1982-04-24 6 PEOPLE will remember not to put their eggs into one basket when the basket has dropped and all the eggs are broken. So industrialists naturally start looking for areas to diversify their operations when recession sets in. It seems the logical thing to do. When386 words
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Article240 1982-04-24 6 EXAMPLE is everything. That was the central message delivered by Foo Meng Tong, administrator of the Skills Development Fund, yesterday. He told the Singapore Professional Centre that there was "a tendency to think the SDF, being based on the rumuneration of employees earning less than $750 per240 words
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Article, Illustration714 1982-04-24 6 TOM EBLEN - By TOM EBLEN AP THE 1982 World's Fair, its grand opening only a week or so away, is coming together in a fast-paced symphony of saws, hammers, drills and cranes in Knoxville, Tennessee. Construction crews are working around the clock to get the fairAP - 714 words
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Article, Illustration1154 1982-04-24 6 REGINALD DALE - REGINALD DALE, the Financial Timet 9 US editor, examinee how Americana feel about their President after 15 months under his Administration. REGINALD DALE FT "IN SHORT, Mr President, you have betrayed those Americans and among them some members of our union who votedFT - 1,154 words
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Page 6 Miscellaneous
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Miscellaneous606 1982-04-24 6 -11-OK CROSSWORD CRYPTIC PUZZLE ACROSS They're climbed with saintly airs (6) Inclination to write a simple song (8) Criticise the bowling? (6) People on the roll (5) A carrier right in the river (4) Where African mail is sorted (4) Portion of wedding cake? (4) Modern as a castle on606 words
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Miscellaneous671 1982-04-24 6 A NIGHT OF MURDERS THE biography «f the BmMm, ti AiwrlM'i Is the 4 <«■ s, An 5 ml 3 5c Ike i«C Wide WmrU at After (he Isvahiag the SINGAPORE 5 12.50 PM Opening Wtowed by Sesame Street 1.50 The Porky PBf Show 2.15 Saturday Matinee Prince Of Players671 words
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Article, Illustration1172 1982-04-24 7 JAMES BUCHAN - JAMES BUCHAN looks at an ill-starred attempt to arrange a FrancoGerman marriage of technological convenience. M JAMES BUCHAN FT TANKS are like wives, few men want to share them. Since World War Two, there have been three West German attempts to develop Jointly what armies likeFT - 1,172 words
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Article, Illustration751 1982-04-24 7 TERRY DODSWORTH - By TERRY DODSWORTH FT FOR the last two years, the main news diet from Peugeot, the French motor group, has consisted of a lengthening catalogue of closures, cuts and losses. Last month, however, the company's high command emerged from its bunker to present aFT - 751 words
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Page 7 Advertisements
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Advertisement186 1982-04-24 7 r A J 1 A.J 111 rrPi'i T i i«§pP" If •r JP -fare--W !fc?« Jr%, Ta 1 s®s J5S!*" <a»»** «iP^: Packed from cover to cover with vita! information, The Straits Times Directory (Buku Merah) makes it easy for you to keep tabs on companies, management personnel, products and186 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article237 1982-04-24 8 APR 22 FT* CORBE1LLE Alr-Uquldt B 8 N Otrnli Danone car (Tttoauonp»f) Clc Pr*nc«lM des Petrolea m 1440 TO 124 7.S -4 ♦XI ConpMntc Financier* Compafnle Oeneral* Credit Foocter De Franc* Hichctte (LlbnUrte) Machines Bull Mtchelln (B) Parlbw Pcchlney Ctflne Kuhlmann 383 422 Z rm Z in jo 75237 words
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Article79 1982-04-24 8 APR 22 m FORWARD MARKET Acec 41« ♦T Afbed lOI 4-14 Aituf 400 Bructn m Bru-Uunb 1308 1IW 1*8 410 -M unch ST* De Been m S Ebea 1MB *> 10 ♦ao 10 Electro be 1 4400 Ob-Inno-Bm B40 ltlO Otv Hohok ZZZ -90 46 -a 4 M0 r>HaJB79 words
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Article171 1982-04-24 8 APR a Dm Aac-Tcterunk*n 4U0 uncb Akao TIM *1 All* Ltbcn Alls Van BASF 1780 00 moo uuo uncb 7J 02 Bay H T Wbank Bay Vtoank 214 00 moo 1 4-1J Bayer ***** 0.3 par 219 JO puv 211 SOB CUMIUL Chem V*rw Cotnmerxbank ConU Oummt ***** 21VJ0171 words
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Article162 1982-04-24 8 apr a rrmnct Actions SulaaM S1H 4k Alusulsac Br. m unch AluaulMc Hat Brown Bown Br. m 1066 S 10 ate Oel*j Br. unch Dbt Or 1(7 P C wo 4-IS CUM CMcr R«f Credit Bulae Br SM IW 41 3D Credit Suine Ret SM 4i Elektrowtu Br. OK162 words
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Article161 1982-04-24 8 APR 22 ru ARM 302.50 74 Ahold 8550 08 Akao 30.00 -04 amev IB. 70 14 Amfu iooob Amrobnk ii ao >1.1 ZZ 30 OOB i Bnlf 5750 1.5 BorsumU 104.00 unch Burhmann 4130 04 Caland 33.70 unch Calve Delft ***** 4-1.7 Deli MU 83J0 14 Ennl* 123-50 15161 words
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Article97 1982-04-24 8 APH B Ur» BuU(i m urveh Bel mm «nch Onlnli Ord Ml MS Cond Acqu* Ron* 1« 1 ErtdAn* lam +ao rial Ortl 1» onmii i am +M00 Oua MM in pn* rm *m lnwt i rm. ion ItaicMMntl Ord MMO +M* iui|u MI Leptut Ord MR -m Madlobanca97 words
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Article152 1982-04-24 8 apr a o» A MUM ll<* W AkAl) H Aifom* M t» m*nk Mont SI CEuEHH im a it* unch 1 T» »>» 1* Cwnp Rod Lu< Can Imp Bl u M* rmpir TJ* Cuipic tar Pf Cvllng OKnIi T» Con* B*Ui Coot Mtrtenor Dftnkot DnMoo 14«* «k BO152 words
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Article235 1982-04-24 8 imiuonui llpH. SOB Abarcom m uncb 106 -IS AX And CI AlflC IBM Barlow* Cc Sua&r rm -i MM CWA Cuntt Plnaoe* CM unch 230 aaoc" tWNdl Fad Vols 410 B unch a*rdi*B Otenanl Onumn Hippo HMd HulfUl 00 -ft no nneto 19* unch TUB 5 ""j M And235 words
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Page 8 Advertisements
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Advertisement510 1982-04-24 8 2 Where to wine, dine and entertain I, v with Itie American Express Card When you dine, dine Cantonese. J I w O n If pleasing you* palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton.510 words
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Advertisement155 1982-04-24 8 asgood as going to Bangkok. &-J vr 5 J This is Thai Seafood at its authentic best. So treeh, it could have bean afire 15 minutes bafore coming to your tabic. It wm. An enormous variety of succulent seafoods ax partly praparad by Thai chats in our kitchen. Siamese Seafood155 words
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RAW MATERIALS
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Article834 1982-04-24 9 COFFEE: Robusta coffe futures yesterday ended the morning easier, £22 to £15 a tonne below Thursday's close in traded poisitions. Dealers said prices fell as much as £20 at the opening, reflecting the collapse in values at the close of the New York market on Thursday. Prices traded834 words
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Article122 1982-04-24 9 THE Kuala Lumpur crude palm oil market yesterday closed higher on nearby covering in quiet trading, dealers said. In April, south was unchanged at M 5942.50 a tonne and north rose $1 to 1960. In May, south gained $14 to $944 and central $11 to $940 while in122 words
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Article77 1982-04-24 9 THE STRAITS tin price in Penang yesterday dropped nine cents te M$29J2 a kilo, 17 cents above the ITA door price e( $21.15. The easiness was attributed to redneed activity from major sources, despite continued support from the boiler stock manager at present levels. Seme dealers said operators77 words
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Article34 1982-04-24 9 Rubber. Apr 23 Singapore: May: 186.50 cents (down 0.50 cent) Malaysia: May: 206.50 cents (down 0.50 cent) Tin: M 529.32 per kilo (down nine cents) Official offering: 155 tonnes (down 67 tonnes)34 words
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Article114 1982-04-24 9 ZAMBIAN copper production fell to 560,565 tonnes last year from 609,995 tonnes in 1900, Mines Ministry figures in the latest government gazette show. Output last December was 47,880 tonnes against 49,247 in December 1960 and 48,144 in November 1981. The mines last month listed the most acute114 words
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Article226 1982-04-24 9 RUBBER prices in Singapore yesterday closed slightly lower with May One RSS buyers quoted at 186.50 cents per kilo, down half a cent from Thursday's close. Morning prices were about unchanged and esed lightly on some selling before values recovered marginally on some covering interest. The afternoon session was226 words
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Article322 1982-04-24 9 RAS prices In cent* per kilo yesterday: r*m Int. I R.S.S. prompt f.o.b UOJtT Int. 1 R-S.S. hay 188.25 Int. 1 R S S June 188 50 Int. 2 R.S.S 10 00 UK Coot MM* Int. 3 RS-S. 1C3.00 UK/Coot 182 00 Int. 4 R S-S 151.OS UK/Coat.322 words
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Article75 1982-04-24 9 1 8 SMRprkxjml -4*r 1A1 Mtk) (TtrviH kr«n S« 10.00 1*1.00 Mtk) 8SR ao SSRSO M1BJ (1-toa pailM) (1-loa pM njran It 1*100 nooo Mm* iil«n 1S4.00N 1S200N A *«n ltt.OON M100N 5-i«o2aS liillii (1-tapdM) (1-taa pdhll (l-laapallat) (14apM (1-taa HW (1-ta.Hht) ir.oo 196 00 lypQ l£375 words
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Article198 1982-04-24 9 SOYBEAN futures in Chicago on Thursday closed mixed, with nearbys off as much as two US cents a bushel and deferreds gaining cent. Prices were confined to a narrow range due to caution before the US grain stocks report on Thursday afternoon. Local liquidation of previous bull spreads, buying198 words
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Article154 1982-04-24 9 WHEAT futures in Chicago on Thursday extended losses at the close to set new lows in nearbys, off 4V4 to 4V« US cents a bushel. Carryover selling after Wednesday's weak finish, combined with warmer weather in winter wheat growing areas, sparked l sellingActivity was thin throughout the session as154 words
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389 1982-04-24 9 Reuter A RETURN to the tin market of the mystery group which operated a large scale support operation for eight months from last July is unlikely, LME dealera and International Tin Council (ITC) delegates said. But one dealer suggested a more flexible strategy, underReuter - 389 words
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304 1982-04-24 9 IN THE 10 trading days after the Easter recess, quietly steady conditions ruled for the most part, with prices moving within a seven-cent range to finish off best at two cents up overall, BsMay, Caller, Bath and rmpny said in its review for the304 words
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Article1285 1982-04-24 9 NEW YORK STOCKS A STRONG rally in energy stocks caused the New York market on Thursday to close at its highest level since late January. The Dow Jones industrial average climbed steadily all day and finished up about 10 points at 853.12, its highest closing point since1,285 words
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Article167 1982-04-24 9 CHINEBK PwiiM Enkup, per 1M kg yesterday. Ciawrt «0: Bulk fob »00.00 sellers, okl drum (in second hand drum) fob <112.00 sellers, new drum fob (116.00 sellers. Cifr»: Mixed (loose) $*.00 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak white pepper faq fob NLW $370.00167 words
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Article195 1982-04-24 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yarn: China Blue Phoenix 20s 2,410; 32s 2,980, 40s 3,110 (per bale of 400 lbs). Ptoee gee*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly195 words
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Article316 1982-04-24 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 10Q per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.60.316 words
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Page 9 Advertisements
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Advertisement348 1982-04-24 9 Asia, at your finger tips... Other than speed reading there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly informatiop-packed report backed by in-depthand extensive research and ten years of editorial expertise. We have extracted and accumulated all348 words
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1498 1982-04-24 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. BBCTION ONI INDUSTRIAL COMMERCIAL Acma (2306) Allied1,498 words
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Article168 1982-04-24 10 ■wurou unit nun diamond hot rrou (Mnniil 1 friaaa tar Afrii V) |rtM kr ifrt M The Commerce IT! 113 V) The Savlafi Fond IM L7T Dtamoad Spor* Prof Fund LM LJ5 S*for> Ftf (USD Ml LS ffpor* Sac. Pnitd LM LM M LM s por# iawMt Pmd168 words
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Article2905 1982-04-24 10 1963 Hi«k Low Ctapaay Last' Sale OTGr*s DW DW CVr Gr's Y*M Net P/l Vol (■OOO) Day High Low 8ECTION ONE INDUSTRIAL ft COMMERCIAL 306 233 283 330 141 201 480 292 247 172 246 320 88 190 360 240 Aetna Alcorn Allied Choc BAT Bata Bra2,905 words
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Article1432 1982-04-24 10 BID and offer prices officially listed and business in and reported t<o the Kuala Lumpur Stock Exchange yesterday, with the number d shares traded shown in brackets in Ms of 1,000 units, unless otherwise specnea. ——Ml Mm (188 UK) (1) LB (IS) 1-M LBed A ChM (1MB)1,432 words
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Article143 1982-04-24 10 SEMBAWANG Shipyard Limited: Thirteenth AGM to be held at the shipyard, Admiralty Road East, Sembawang, Singapore 2775, on April 27 at 9.30 am. CARL8BEBG Brewery Malaysia Berted: Twelfth AGM to be held at Carlsberg Brewery Malaysia Berhad, La dang Perusahaan Shah Alam, Selangor on April 28 at 11.30143 words
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Article760 1982-04-24 10 A PEW Maiaysiaa-haaed etuton, as expected, itoie the limelight at the stock exekugt yesterday with moderate p|— registered by sufii premlsest sSsclm m MUI, Multi-Purpose Holdings, Bandar Raya, and Maiaysiaa Reasarees. AM sb the wMe, share prices closed steady in fairly active trading In spite s<760 words
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Article626 1982-04-24 10 TRADING enthusiasm remained buoyant on the Kuala Lumpur stock market yesterday, taking prices up for the fourth straight session this week. Turnover was also sharply increased with Malayan United Industries and MultiPurpose Holdings accounting for more than a third of the total volume done. Following626 words
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COMPANY NEWS
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Article, Illustration1569 1982-04-24 11 LOH YEE LIAM - The series on sogoshoshas, the giant Japanese trading houses, this week focuses on Mitsubishi Corporation, ranked Number One in Japan. Aa an indication of ita aize, Mitsubishi's annual sales are about twice that of IBM, the US corporate giant. Mitsubishi, like Mitsui,1,569 words
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1332 1982-04-24 11 MAUDRENE NITHIANANDUM - fly MAUDRENE NITHIANANDUM THE Development Bank of Singapore will introduce greater decentralisation to meet the challenges of its expanding and increasingly sophisticated operations. In his latest annual review, chairman, My J Y M Pillay said "Greater decentralisation will be introduced in phases throughout the1,332 words
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Article204 1982-04-24 11 CITY Dm tlipwfti i> ewflfeat that Its pre-tax proflto is the earreat year will he better thaa these ef last year. TMs will eaaMe dlrectora to rwraaimrmi a higher iivl dead af at least M per eeat grass far IMS ea the enlarged share capital204 words
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Article783 1982-04-24 11 Market Talk... THE SWITCH by Tasek Cement to coal as a cheaper alternative source of energy, completed last October, had surprisingly little or no disruptive effect on production, according to UK-based stockbrokers, Laurence, Prust and Company. This is evident when the company's results for the six783 words
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ASIAN STOCKS
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Article269 1982-04-24 11 HONGKONG STOCKS IN Hongkong yesterday closed off their best levels due to heavy profittaking near the close, but still showed significant gains from last week, brokers said. The Hang Seng index closed 15.71 points higher at 1,235.84, up 52.36 against last Friday's finish, and was the highest269 words
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Article448 1982-04-24 11 SHARE prices in Tokyo yesterday, led by blue chips, rose over a wide front with sentiment encouraged by the overnight upturn on Wall Street and a revival of foreign buying, dealers said. The market average gained 38.07 to close at 7,333.94 after active trading on a448 words
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Article292 1982-04-24 11 A BOOST in overseas investor interest in Sydney yesterday prompted the strongest performance of 1982 with miners and oil issues faring best, brokers said. The All-Ordinaries index posted its fourth consecutive rise to reach its highest point since Feb 23, when it stood at 501. It gained292 words
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Article124 1982-04-24 11 SHARE prices in Bangkok yesterday closed higher in quiet trading which concentrated on cement and finance groups, dealers said. Jalaprathan Cement and Siam City Cement rose three baht each to 102.50 and 149 respectively while Bangkok Bank rose four to 212 and Saha Union was up one to 125124 words
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Article86 1982-04-24 11 APR a Ptn Arolf Utnlni OOlfl unrh it It Hi Butulo Oo4d 0012 ***** BcnfMl Con B BP Ooodrtch 30 -I CDCP HI I SO unch Landoll Lepanto B Marlnduque B Oriental A cm -0001 Or i* Phil Phil PhU Plor PLC FM Pw nui Or* cx A t>86 words
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Page 11 Advertisements
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Chief Price Changes
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Article158 1982-04-24 12 Rises Indices New Serendah 8 T P 1»75 440 535 28 15 Apr 22 Apr 23 Hong Fok 310 12 BT Indicator: *****3 *****3 C Sugar* O C B C Ambassador 1200 1240 710 10 10 10 ST Industrials: ST Finance: 763.20 1751.56 763.72 1755.55 Dunlop Eat Guthrie 525158 words
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Article, Illustration160 1982-04-24 12 Rises Indices OCBC SHChan 1370 200 20 10 Apr 22 Apr 23 M U Ind 394 12 BT Index: *****7 *****2 Multi-Purpose 336 10 Industrials: 908.10 909.24 PMC 394 10 Finance: 1559.45 1566.22 C Prop 490 10 Hotels: 608.66 608.79 Dunlop Est 580 10 Properties: 841.22 841.57 Nat160 words
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Article51 1982-04-24 12 FINANCIAL TIMES INDUSTRIALS Thursday 509.0 Wednesday 507.4 Week Ago 544.8 DOW JONES AVERAGE INDUSTRIALS Thursday 853.12 Wednesday 843.42 Week Ago 836.81 HJLHANG SENG Friday 1235.84 Thursday 1220.13 Week Ago 1182.48 AUSTRALIAN INDUSTRIALS Friday 646.8 Thursday 640.1 Week Ago 627.2 ALL ORDIN ARIE8 Friday 498.9 Thursday 490.1 Week Ago51 words
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Article178 1982-04-24 12 the new shares will rank equally with the existing shares of the company. THE NEW Sereadah Rabber Co Bhd expects its profits for 1962 to be similar to 1961. As it does not expect any change in the gross dividend amount distributed, the rate of dividend will be178 words
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Article741 1982-04-24 12 LONDON, Fri. The market ended mixed after an extremely quiet session today, with operators holding back as the British fleet approached the Falkland Islands area. At 3pm, the Financial Times index was down 1.6 points at 567.4. The main feature was the oil sector where efforts by the741 words
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1207 1982-04-24 12 KOH TSE YING - By KOH TSE YING US FUNDS invested in the Singapore stock market over the past 10 years would have realised the best gains vis-a-vis equity markets elsewhere. Out of 14 major stock exchanges in the world, the Singapore market stood out as the best1,207 words
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112 1982-04-24 12 Yearend 1971 through 19S1 Stock iuunui Currengr i Market Parity. Combined f Index n.US* Chonfe DJIA 1.7% 1.7* S P 500 20.0 20.0 Australia 18.0 5.6% 11.4 Belgium 9.9 16.9 5.3 Canada 97.3 15.5 66.7 .France 23.2 8.5 12.7 "Germany112 words
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278 1982-04-24 12 Reuter DUNLOP Holdings PLC has said the company's results for the early months of 1962 are better than those for the same period of 1981 following an improvement in the secondhalf of last year. It was commenting on its 1981 results which showed aReuter - 278 words
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330 1982-04-24 12 VENEER Predicts Ltd Is aegattattag the takeover »f Material Tradlag Pte Ltd la aa (But to revitalise the graap's earalags. Tke deal, which is ctose to caaclsstoa, Is tke reassa far tke tradlag saspeaslsa la Veaeer*s skares la tke stock exchaage slaee April 15.330 words
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220 1982-04-24 12 ■a Companies Editor: llano Sabnani GENTTNG Berhad yesterday said it has completed the transfer of its hotel and casino business at Genting Highlands to a subsidiary, Resorts World Sdn Bhd. In a statement to the Stock Exchange of Singapore, Gentings disclosed that220 words
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Article201 1982-04-24 12 TUAN Haji Mohamed Desa Pachi, the executive chairman of Malaysia Mining Corporation (MMC), has been appointed a director of Sime Darby Bhd. Since last August, when the present MMC was born out of a complex merger involving Malayan Tin Dredging (MTD) with the state-owned Malaysia Mining Corporation,201 words
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Page 12 Advertisements
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Advertisement272 1982-04-24 12 Worldwide management experience at your fingertips. Wor Id Executives oe \s* \9>^ 1 Digest MANAGING IN THE PUBLIC SECTOR I. Public and Private Management Management Review 11. The Bureaucracy Inside Bureaucracy" 111. How to Work with Politicians "The Craft of Public Administration IV. Six Deadly Sins in Public Administration Public272 words
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Page 12 Miscellaneous
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Miscellaneous66 1982-04-24 12 OUTLOOK for Singapore today: Fair in morning, showers in few areas in the afternoon and partly cloudy thereafter. Report for 24 (mots prior to 7 M pm on April 23 si the airport: Maximum temperature 32.0 Associated humidity 70 Minimum temperature 24.5 Associated humidity 96 Hours of sunshine 3.55 Rainfall66 words
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