The Business Times, 22 May 1982
1982-05-22
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The Business Times
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Title Section11 1982-05-22 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MAY 22, 1982 60 CENTS11 words
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421 1982-05-22 1 LIM SOON NEO - By LIM SOON NEO PLANS are under way to establish a third centre of computer education at the polytechnic level by early 1983. A computer company will give technical assistance in setting up the centre, said Mr Philip Yeo, chairman of the National Computer Board421 words
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107 1982-05-22 1 A WEST German manufacturer is setting up a factory in Sri Lanka to supply components for electronic magnetic heads to Singapore and West Germany. Lanka Hiqu Ltd, the Sri Lanka subsidiary of Woelke Top Heads GmbH, will invest $1.1 million in107 words
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Article, Illustration375 1982-05-22 1 LOH HUI YIN - By LOH HUI YIN THE PROJECTED supply of residential apartments in Singapore may exceed demand by about 4,650 units in three years, given today's market conditions. This prediction was made by Jones Lang Wootton in its 1962 International Property Review. It said: "At375 words
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Article146 1982-05-22 1 BRITISH griiii troops tacked by aea «ad air cover laaded m the Falklaad Islands yesterday la a number of raiding parties. The defence ministry In London said 29 men were missing and presumed dead la a helicopter crash. It was net immediately known whether Britain was146 words
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454 1982-05-22 1 ANGELINE TAN - By ANGELINE TAN THE Norwegian government has set up a joint venture here to market and service marine automation and navigation systems. It holds a 51 per cent stake in the venture, STSKongsberg, through the state-owned Kongsberg Vapenfabrikk group of companies. The other partner454 words
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BRIEFLY...
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Article103 1982-05-22 1 UPI NEW YORK, Fri. Two former Chase Manhattan officials and two businessmen have been charged with stealing US$lB million from the bank to buy a luxury resort and condominium properties in Florida. Manhattan district atorney, Robert Morgenthau, said the probe is continuing and the total amount of moneyUPI - 103 words
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Article79 1982-05-22 1 Reuter TOKYO, Fri. Japan's industrial production index (base 1975) in fiscal 1981, ended in March, rose an average 3.7 per cent to an unadjusted 148.1 after a 4.5 per cent gain in fiscal 1980. The International Trade and Industry Ministry said the 1981 growth rate was the lowestReuter - 79 words
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Article63 1982-05-22 1 Reuter NEW DELHI, Fri. Indian Prime Minister Indira Gandhi's ruling Congress Party today trailed the opposition in three states, continuing its mixed performance in regional elections. Uphill battles for the ruling party in the states of Himachal Pradesh and Haryana, and a certain defeat in West Bengal, couldReuter - 63 words
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Article63 1982-05-22 1 AP TOKYO, Fri. Australian Prime Minister Malcolm Fraser today warned of spreading protectionism and a fall in world trade and living standards if major industrialised nations do not take "positive action" at the Versailles Economic Summit next month. Fraser also said he and Japanese Prime Minister ZenkoAP - 63 words
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Article69 1982-05-22 1 AP WASHINGTON, Fri. An apppeal for an end to martial law in Taiwan has been issued by four members of the US Congress. "The continuation of political repression blights our mutual interest and friendship," Senator Edward Kennedy said. "A restoration of basic guarantees of individual liberties on TaiwanAP - 69 words
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Article80 1982-05-22 1 Reuter HONGKONG, Fri. The deterioration in the business of Hongkong's manufacturing sector in the first quarter of 1982 compared with the fourth quarter of 1981 was more marked than in the same periods of the previous year. The Census and Statistics Department said a survey of 800 firmsReuter - 80 words
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Article67 1982-05-22 1 Reuter LONDON, Fri. Chancellor of the Exchequer Geoffrey Howe has predicted that by the end of 1982, retail prices will be rising less than the 9 per cent he forecast in his March budget. He was speaking after the Employment Department announced that retail price inflation inReuter - 67 words
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289 1982-05-22 1 ESSO Singapore's $35 million anti-pollution project has resulted in the production of a by-product, sulphur pellets, used by the fertiliser and pharmaceutical industries. An Esso spokesman said the integrated project on Pulau Ayer Chawan is an improvement on the existing plant and289 words
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405 1982-05-22 1 LEE YOKE MENG - By LEE YOKE MENG ASEAN economic ministers will state before the middle of next month their final position on the basic agreement governing future Asean industrial joint ventures of regional significance. Mr Edgardo Tordesillas, Philippine Deputy Minister of Trade and Industry, said last405 words
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Page 1 Advertisements
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Advertisement233 1982-05-22 1 Ill^l»JJ.lv UJ>. IKMDS_ UIC seems bent on increasing its stake in United Engineers Page 12 FOCUS on Japan's fourth largest trading house, Marubeni Corporation Page 11 PRACTICAL ways that compulsive eaters can gain control over their eating patterns and beat their food addiction Page 6 SINGAPORE'S challenge to the Rubik233 words
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Advertisement123 1982-05-22 1 Leader...p*ge < 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.123 words
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Advertisement60 1982-05-22 1 siv )ki ?hit month Offshore banks: Making waves Tourism growth: Half of last year s? Music instruments trade: Key to success Relations with Britain: Bonds sti strong RI.F.NDED SCOTS WHISKY friendship Cutty Saik Scotch Whisky Distilled, blended and bottled in Scotland. m M c y..?A c nt.y J Sole A#efit:60 words
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BANKING AND FINANCE
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1021 1982-05-22 2 Reuter THE failure of Drysdale Government Securities Inc to make an interest payment on government securities it borrowed from Chase Manhattan Bank is likely to spark calls by US federal officials for regulation of the government securities market, industry sources said. But theyReuter - 1,021 words
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393 1982-05-22 2 Reuter GROWTH of the West German central bank money stock accelerated again in April and breached the 1982 target ceiling of 7 per cent annual growth, the Bundesbank said in its monthly report. The money stock, the principal measure of monetary expansion in WestReuter - 393 words
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357 1982-05-22 2 Reuter CHASE Manhattan C»rp may repart a lass far the aecend quarter, according to industry analysts. On Wednesday, Chase < aald ita aecead quarter earnings will he reduced by ahaut USfISS mlllleu aa a i result af problems related to Dryadale Gevemmeat SecuritiesReuter - 357 words
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475 1982-05-22 2 Reuter JAPANESE monetary authorities have increased the yen-dollar swap limits for foreign banks operating in Japan by a total of US$l3O billion to $6.80 billion. Bank of Japan officials said. The swap limits allow foreign banks to convert dollars and other foreign currenciesReuter - 475 words
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Article768 1982-05-22 2 THE Singapore branch of the Industrial Bank of Japan has raised its issue of floating rate certificates of deposit from US$3O million to $40 million. Lead-managers First Chicago Asia Merchant Bank said the increase in size was in -esponse to strong demand. The other lead-manager for the768 words
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242 1982-05-22 2 Reuter THE position of West deutsche Landesbank Girozentrale (West LB) in the credit markets has improved substantially after the unsatisfactory results of 1981, management board chairman Friedel Neuber said. And he is optimistic about the future, though several of the bank's problems remain.Reuter - 242 words
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MONEY AND EXCHANGE$
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Article22 1982-05-22 2 THE nvernge rnte nt which mujor Singapore bnnks nre currently prepnred to lend to their best customers is 10.93 per cent.22 words
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Article206 1982-05-22 2 ASIAN ASIAN currency deposit interbank rates as at close on May 21: US DolUntSpoil Ofhr R.<i 7 day* 14 9/16 14 7/10 1 month 14 11/1014 0/10 2 months 14* 14H 3 months 14W 14H 6 months 14H 14 H 9 months 14 7/10 14 5/16 12 months 14 7/16206 words
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Article50 1982-05-22 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 24 to May 28: Offered: $150,000,000 Applied far: 5196,020,000. Alletted: $150,000,000. Accepted bids: $99.02 approximately 77 per cent higher bids in full. Average rale «t discount on Allotment: 3.930 per cent per annum.50 words
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Article73 1982-05-22 2 THE dollar in London yesterday opened weaker in slow trading, depressed by a lower US Fed funds rate and '»-point falls in Eurodollar deposit rates. Opening quotes yesterday: US 1 7865/75 Can 2 1936 62 Cross 1.2297 2300 DMk 4 1025 75 D F1 4 5600 50 S FY73 words
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Article457 1982-05-22 2 THE foreign exchange market saw thin trading yesterday, with the Singapore-US dollar trading being the only exception. The US dollar opened at 552.0750 against the Singapore currency. However, very erratic trading during the day caused the exchange rate to jump between 552.0720/30 and 552.0760/70 per US unit. Trading457 words
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Article197 1982-05-22 2 THE US dollar in Hongkong yesterday traded mixed against major currencies, reflecting uncertainty over the future developments in the Falklands crisis as well as US interest rates. Sterling recovered to $1.7815/25, after trading at an early 1.7770/90 down from New York's 1.7800/20 close on news the UN peace effort197 words
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Article288 1982-05-22 2 SINGAPORE gold futures yesterday closed firmer compared with overnight levels after fluctuating marginally throughout the session in light trading. Total sales for the day was recorded at 86 lots whole kerb volume at 71 lots with activity centred on June, August, December 1982 and February 1983 contracts. Prompt closed288 words
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Article39 1982-05-22 2 New York 674B 6 89B 6 815 S7SS Zurich (TIB ««B 6 81S mm, 6T8S Wed Singapore TMT> 673B 6 6BB «.83S 6 7SS Closing prices in US doUars a tray ounc c. Source: Credit Suisse, S'pore39 words
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Article92 1982-05-22 2 THE dollar for overnight delivery in Tokyo yesterday closed easier at 236 65 yen from the opening 236.90, dealers said. This compared with the 236.95 237.10 finish in New York overnight and was sharply lower than the 239.10 close in Tokyo on Thursday. Trading volume was a light $1.1792 words
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Page 2 Advertisements
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Advertisement320 1982-05-22 2 Tickle your tastebuds at "A* We serve a variety of delicious vegetarian dishes including curry mutton sweet and sour pork shark's fin paper wrapped chicken roast duck cuttlefish in tomato sauce All cleverly contrived to taste exactly like the real stuff! You'll like what we have to offer. <rt I320 words
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TRADE AND INDUSTRY
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Article513 1982-05-22 3 CHAN OI CHEE - By CHAN OI CHEE THE construction boom in Singapore and nearby countries has prompted an Italian building equipment manufacturer to set up a joint venture here. Cifa Impianti E Macchine, which only entered the local market about a year ago, expects to assemble and manufacture parts513 words
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292 1982-05-22 3 COMPUTERISED shoe designing is one of the interesting subjects which will be discussed at the Leather Workshop, scheduled to be held at the World Trade Centre in conjunction with the 3rd International Leather Fair from June 2 to 5. The workshop, planned292 words
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Article, Illustration279 1982-05-22 3 AMERICAN Express International Banking Corporation (AEIBC) has appointed Mr MV Sreedhara Menon as senior vice-president and head of its South-east Asian and subcontinent operations. His areas of responsibility cover Singapore, Malaysia, Thailand, Indonesia, India, Pakistan, Bangladesh, Sri Lanka and Nepal. Prior to this appointment, he was in279 words
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167 1982-05-22 3 THE Public Works Department has called for tenders to build the Bukit Timah Expressway project on a turnkey basis. It has already prequalified local and overseas contractors and consultants. The 11-km expressway will stretch from Woodlands Town Centre to the Pan Island Expressway167 words
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249 1982-05-22 3 SEMBAWANG Shipyard last year used 12 per cent less energy in unit terms than In 1178. The company began making concerted efforts at saving energy in 1178 and since then energy consumption in unit terms has fallen. It is estimated that last year's electricity249 words
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Article, Illustration284 1982-05-22 3 JAPAN Air Lines Development Company will manage the $125 million Hotel Nikko Singapore under a 10-year management contract signed yesterday. It was signed between the president of Japan Air Lines Development, Mr K Tochinai, and Mr Hendra Rahardja, owner of Hotel Nikko.284 words
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Page 3 Advertisements
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Advertisement629 1982-05-22 3 BBL BANQUE BRUXELLES LAMBERT SA Consolidated Profit and Lots Account as at 30th September 1981 (Quoted in Millions of Belgian Francs) Consolidated Balance Sheet as at 30th September 1981 Debit Interest and commission paid Overheads: a) Salaries b) Duties and taxes c) Advertising costs d) Other operating costs Total Provisions629 words
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OVERSEAS
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222 1982-05-22 4 UPI THE American consumer price index for April, scheduled for release yesterday, is expected to show an increase. Analysts generally said April prices should go up by nearly as much as they went down in March. The March decrease was 0.3 per cent,UPI - 222 words
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181 1982-05-22 4 UPI THE Pratt and Whitney aircraft group began talks on Thursday with several companies in Japan, Britain, West Germany and Italy on a joint venture to produce a new jet engine. The engine would power a 150-seat commercial aircraft expected to enter the marketUPI - 181 words
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190 1982-05-22 4 Reuter A PROMINENT Thai economist said that if the government does not change its monetary policy the country's economic slump would continue until the end of the year. Nimit Nontapunthawat, manager of the research and marketing department of Bangkok Bank, the country's largestReuter - 190 words
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Article556 1982-05-22 4 Reuter NYT BRITISH Prime Minister Margaret Thatcher has said Britain intends to remain a full member of the European Economic Community (EEC) in spite of the decision by its community partners to override its veto on farm price increases. She told Parliament on ThursdayReuter; NYT - 556 words
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176 1982-05-22 4 UPI AMERICAN farm leaders say they plan to warn the European Economic Community next week that attempts to change the dutyfree status of some US agricultural exports might bring trade retaliation. Robert Delano, president of the American Farm Bureau Federation, will lead 20 stateUPI - 176 words
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Article535 1982-05-22 4 AP OPEC cannot remove the production ceiling it set two months ago because world oil demand is not yet strong enough. "I believe that the oil market makes it necessary to maintain production ceilings," said Eduardo Ortega Gomez, Ecuador's Oil Minister, in his first publicAP - 535 words
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352 1982-05-22 4 Reuter THE US Senate has refused to slash foreign aid spending by more than 20 per cent next year after President Reagan warned that the reduction would be dangerous and would threaten national security. The Republican-controlled Senate defeated by 73 votes to 23 aReuter - 352 words
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624 1982-05-22 4 AP BURDENED with an acute financial crisis, Mexico is considering a suspension of its atomic energy programme, the most ambitious in the developing world. The decision will affect the nuclear industries of Canada, France, Sweden, the United States and West Germany, which have dispatchedAP - 624 words
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146 1982-05-22 4 AFP INDIA'S 169 state-owned companies earned profits of 4 billion rupees in fiscal 1981-82 (April-March) with the profitability ratio touching 11.6 per cent, up from 7.8 the previous year. Finance Minister Pranab Kumar Mukherjee said on Thursday that 70 of the public sectorAFP - 146 words
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416 1982-05-22 4 AP US COMMERCE Secretary Malcolm Baldrige has charged that the Soviet Union is stripping America of its sensitive, technological knowhow and that the problem is getting worse. "The Soviet Union is bleeding us of technological knowhow and products," he said, contending that the methodsAP - 416 words
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351 1982-05-22 4 Reuter INTERNATIONALHarvester Co denied market rumours that it will file a petition seeking court protection under chapter 11 of the bankruptcy code. On the contrary, it said in a statement, it would hold its regularly scheduled monthly meeting with its lenders to review the company'sReuter - 351 words
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Article835 1982-05-22 4 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0145 JFTC/SFO HKG Cargolux CV796 0315 LUX/DXB CAL CI331 0350 TPE SLA SQI01 0005 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SU SQ20I 1030835 words
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388 1982-05-22 5 Reuter DOME Petroleum Ltd yesterday said it has about Csl.4 billion in debt due in the latter part of 1982 and proceeds from any sale of assets will be used to reduce it. Officials of the Canadian Bankers' Association in Ottawa, also saidReuter - 388 words
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257 1982-05-22 5 Reuter CANADA should cut interest rates by three or four percentage points and hold them down even if rates go up in the US once again, Walter Gordon, chairman of the r*-anarti»n Institute for Economic Policy, said. Some decline in the Canadian dollarReuter - 257 words
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Article535 1982-05-22 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bum Ah Cherry Jaya Dellcia Equator III Intanln Kim Soon Li Labuan Hadji Manoloeverett Motovun Ned Hobart Ned Hongkong Pakartl Empat Potsdam Seng Giap Straits Star Yusho Maru Anchan Bosna Fortune Victory Ion Iweri Klnh Thay Kota535 words
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247 1982-05-22 5 Reuter SHORT-TERM interest rates in the US are expected to rise, though perhaps not to their previous highs, then fall by the end of the year or early 1983. Henry Kaufman, managing director of Saloman Brothers, told a conference of the Association of InternationalReuter - 247 words
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576 1982-05-22 5 AP WORLD president A W Clausen has called for liberal trading policies and resistance to trade protectionism and voiced the hope that the Versailles summit conference will signal "that a world of genuinely liberal trading policies is in the interests of all". He saidAP - 576 words
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502 1982-05-22 5 Reuter GENERAL Motors, long dominant in the US car market, is spending heavily to challenge second-ranked Ford's leadership in foreign sales, particularly in Western Europe. The two longtime rivals are also fighting for markets in South America. GM president F James McDonald saidReuter - 502 words
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319 1982-05-22 5 AFP South Korean President Chun Doo-Hwan yesterday carried out a sweeping reshuffle of his 22-member Cabinet within 24 hours of up the leadership of his Democratic Justice Party to restore public confidence eroded by a major loan fraud scandal. A presidential spokesman said MrAFP - 319 words
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236 1982-05-22 5 Kyodo TOYOTA Motor Co and General Motors Corp (GM) have agreed to produce jointly 200,000 units of a Toyota subcompact car annually at a GM plant in the US. The agreement, announced in Nagoya yesterday, caps four days of working-level talks between theKyodo - 236 words
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202 1982-05-22 5 Kyodo THE world's largest airline. United Air Lines Inc (UA), is holding talks with All Nippon Airways Co (ANA) on business cooperation in Japan. An ANA official in Tokyo yesterday said the proposed cooperation arrangement between UA, which is seeking an official licenseKyodo - 202 words
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Article132 1982-05-22 5 Reuter JAPAN'S customs-cleared trade balance in the first 10 days of may swung to a surplus of US$3lO million from a $286 80 million deficit in the same April period, and compared with a 321.09 million surplus a year earlier. FOB exports in the interim May periodReuter - 132 words
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Page 4 Advertisements
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Advertisement109 1982-05-22 4 Anthony Chandor The Penguin Dictionary of MICROPROCESSORS New words and phrases have already been contributed to the language by the traditional computer industry Bug, 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 and109 words
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Page 5 Advertisements
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Advertisement326 1982-05-22 5 52 andgiveyourself and your family the Bntannka advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent s love and responsibility are all about.) Certainly there's no better tool326 words
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Article415 1982-05-22 6 THE RENEWED hostilities in the Falklands last night demonstrate a military truism: If a fighting force does not fight, it becomes a spent force. Sandy Woodward, the commander in chief, clearly understands that, and so does Margaret Thatcher, the British prime minister. Unfortunately, there is415 words
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Article261 1982-05-22 6 SMALL PROBLEMS often lead to bigger ones. And so it was that Mr Leong Cheng Chit's inability to solve the Rubik Cube led him to create a more complicated problem in the form of the Ultimax. It looks like the Ultimax will live up261 words
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Article, Illustration1485 1982-05-22 6 ALICE BRATTON; JOSEPH PRECKER - L Many compulsive eaters reveal that they are never really hungry and are not sure what it feels like to be hungry in spite of their often desperate fears about being deprived of food. By ALICE BRATTON and JOSEPH PRECKER PHP ATPHP - 1,485 words
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Article183 1982-05-22 6 K C YUEN - K C YUEN Director, I REFER to your report, "Drop in hotel occupancy rates since December" on May 17. You quoted the general manager of a hotel as saying "there will be more than 2000 new rooms coming into the market this year." Our latest survey shows that a183 words
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Page 6 Miscellaneous
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Miscellaneous647 1982-05-22 6 CRYPTIC PUZZLE ACROSS 4 Might such players be sore about a cricket club? (6) 7 Where uncle pops for a dance? (8) 8 I live on air, possibly, in old Spain and Portugal (6) 10 Daniel, overfed on some potatoes? (5) 13 Prepare railway points? (4) 14 Food from the647 words
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Miscellaneous739 1982-05-22 6 iTiVK SINGAPORE 5 THE Mghllght «f today'i HUinw mast eertalaly be the FA Cap rtmmla lni|U to live (ram Weakley Stadtam. All leet--12.50 PM Opening fslowed by Sesame n ci i .30 Ml Strwt (Ma! 1.50 The Porky Plf Show 7 M 2.15 Saturday Matinoo Young Maver- 8.45 Strft ick:739 words
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Article, Illustration921 1982-05-22 7 ZHOU MEI - It all startedwhen Leong Cheng Chit became frustrated. The reason for his frustration: the mindbending 'twister' known as the Rubik Cube. Instead of persisting with the Cube, Mr Leong told ZHOU MEI, he decided to make an even more challenging twister the Ultimax. ZHOU921 words
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Article560 1982-05-22 7 ROBERT WOODWARD - By ROBERT WOODWARD Reuter A SYMBOL of increasing Japanese influence in West Germany rises amid the grimy office blocks of central Duesseldorf. With its Japanese restaurants, shops and businesses, the "German-Japanese Centre" must seem like home to the 5000 Japanese who have turned this Rhineland cityReuter - 560 words
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Page 7 Advertisements
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Advertisement620 1982-05-22 7 ill #2 < H \IKM \N cc J pa o OS On u Q <3 Z Z z ai H Z z OQ fe H H On go O On fc a! GO f> HI C<J »r < KKTII'H \TLS OF I KM! W'K w ill I* I"' I'l.K \SK620 words
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INTERNATIONAL STOCKS
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Article190 1982-05-22 8 MAT JO Ct Abiubi Alcan Algoma Bank Mont Bank No** ScoUa Bell Tel Beth Corp BP Can Lid Braecan Camp Red Lake Can Imp Bk CtlTMf Can par In* Pf Carllnf OTCeefe— comlnco Cone Bath Cone Mar be nor Dankoe Denlaon Dom Stores Oom Tar Dome Mlnee Falcon Drtdfe190 words
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Article89 1982-05-22 8 MAY 10 Lire Butofl 1«0 -9-75 yd ***** -900 Centimlc OM 4310 -10 Cond Acqu* Roma 174 -i Eridsnls ***** -SO rut Ord 1797 Ocncrtll *****0 -MOO 2510 4 Ifl PtIt 3*80 *9 Invcat 3530 -m lUiccuMntl On! ltalcu ***** -900 S» SO -14 Lep«UV Ort HtdMtnct M llano89 words
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Article301 1982-05-22 8 HONGKONG PRICES IN Hongkong yesterday recovered to close little changed having eased earlier on news UN peace efforts over the Falklands had ended in failure, dealers said. The Hang Seng index closed 1.14 points higher at 1,359.51 after being 7.82 lower at 1100 hrs. The gain was301 words
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Article126 1982-05-22 8 MAY 21 Banu A ok nun Thai Ada Flbf* Anitnaj* ln» And Trust 1» 1® Banckok Bank Bank Of Ayudbaya -S Ud 1M unch Bala Shoe Bern Jucker Cltaroonc Thai Wlr» IM ♦S nrMUM nm Tra* «0JB uncK Ooodycar Industrial Plnan104 1 Cm Corp jUapratHan C*nv«nt Matal Boa 1J»JC126 words
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Article327 1982-05-22 8 THE Sydney market yesterday continued its slide with its saventh successive day's loss on low turnover after further declines on overseas markets and a lack of buying support from local or foreign investors, dealers said. The All-Ordinaries index lost 4.2 points to 506, the industrial index 3.4327 words
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Article380 1982-05-22 8 SHARE prices in Tokyo yesterday lost ground in thin trading with many investors staying on the sidelines after the seventh consecutive fall on Wall Street overnight and amid mounting tension in the Falklands, dealers said. The market average fell 34.49 to close at 7,497.05 on a380 words
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Article125 1982-05-22 8 THE Manila market yesterday closed firmer as turnover dropped slightly to 2.2 million pesos from Thursday's 2.8 million, dealers said. Gainers were Lepanto at 0.069 pesos from 0.068, Basic Petroleum 0.0115 from 0.011, Seafront 0.0064 from 0.0056 and PLDT at 35.000 from 34.75. MAT XI Pnot Aco)e Mining SXB125 words
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Page 8 Advertisements
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Advertisement728 1982-05-22 8 The Paris, Brussels, Amsterdam, Zurich, Frankfurt and Johannesburg markets were closed See Page 9 for New York prices Where to wine, dine and entertain with the American Express Card I 1 JAPANESE RESTAURANT tv T For sushi. For teppanyaki. For other authentic ally Japanese delights. i. iiit. i n if'728 words
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Advertisement256 1982-05-22 8 This is Thai Sea'ooo at its authentic best So tresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by That chefs m our Kitchen Siamese Seafood Restaurant t n »(ii COCKpn rwm Oiley Rise/Penang Road. Singapore256 words
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RAW MATERIALS
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Article689 1982-05-22 9 COFFEE: Robusta futures yesterday ended a quiet morning mixed, between £6 above and £2 below Thursday's close in traded positions. Dealers said buying by local jobbers and a few commission houses boosted nearby prices from slightly easier opening levels though the rise was curbed by trade house selling.689 words
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Article129 1982-05-22 9 THE Kuala Lumpur crude palm oil market yesterday eased in generally quiet trading following the Indian rejection of offers of RBD palm oil, dealers said. In May, south fell M 52.50 to $965 a tonne, while central was unchanged at $962.50. In June, south and central eased $5129 words
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Article216 1982-05-22 9 SOYBEAN futures in Chicago on Thursday rallied late to close mixed after trading lower most of the day, ranging from up i US-cent a bushel in July to off l'i cents in distant May. The CFP estimate of a 13.08 million tonne Brazilian soybean crop was slightly larger than216 words
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Article157 1982-05-22 9 WHEAT futures in Chicago on Thursday closed down '/i cent a bushel to unchanged in quiet trade. A firm tone in the spot cash market, especially at the gulf, underpinned futures values all day, traders said. Rain in parts of both the hard and soft winter wheat belts aiding157 words
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Article203 1982-05-22 9 RUBBER prices closed slightly lower with June One RSS buyers quoted at 182.00 cents per kilo, down 2.25 cents from Thursday's close, dealers said. Morning prices were marked down slightly on lack of buying support and some June releases after a slightly higher opening, they said. Afternoon prices were203 words
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Article438 1982-05-22 9 RAS prices In cents per kilo yesterday Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 180 00 181 OON Int 1 R.S.S. June 182 00 182 50 Int 1 R.S.S. July 184 00 185 00 Int 2 R.S.S ***** 176 00N UK Coot 173.00 175 OON438 words
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Article112 1982-05-22 9 V I I I jmlardajr HAS SSR 20 SSR SO (1-loa pall* (1 toe pall#i Ju (Carnal Baytrt t D ***** t) 148 50 kaUara 182 50N 180 SON 4* (Forward Mlk) Bayara Sallara ***** 183S0N 158.50 *****N MRELB JaM Jal, SMR CV SMR L SMR S112 words
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Article177 1982-05-22 9 CHINESE Pn4mc Exckaage, Singapore, mm rlMiag prima per 1M kg ye«ter4ay. CMMit Ml: Bulk fob 1100.00 sellers, old drum (In second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Capra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $357.50 sellers, Sarawak white pepper177 words
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Article68 1982-05-22 9 THE STRAITS TIN price in Penang yesterday fell 14 cents to 29.41, still within the ITA lower sector of M 529.15 to $32.96, dealers said. After holding steady at $29.54 for four consecutive trading days, the decline saw the buffer stock manager supporting at the lower level and68 words
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Article34 1982-05-22 9 Rubber: May 21 Singapore: June: 182.00 cents (down 2.25 cents) Malaysia: June: 205.75 cents (down 1.00 cent) Tin: M 529.40 per kilo (down 14 cents) Official offering: 204 tonnes (down 32 tonnes)34 words
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Article103 1982-05-22 9 ARGENTINA has resumed grain sales to countries other than the Soviet Union in the past week, after Argentine grain export prices fell in line with world prices in the absence of Soviet buying, Under Secretary of Agriculture David La croze said in a broadcast interview. In103 words
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Article488 1982-05-22 9 MAINTAINING its buoyancy in the face of less encouraging developments in other sectors, Malaysia's palm oil industry chalked up at least two major advances last year: the re-emergence of the EEC as the industry's biggest single export market, and the rise of India as488 words
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Article283 1982-05-22 9 STEADIER conditions, with very quiet spells at times, were noted upon the resumption of Inro purchases at the start of the week, but overall Int One RSS turnover was thin and levels finished only IV* cents better, H«ttfey, fetter, Bath tmi fempaay said in its review for283 words
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Article1225 1982-05-22 9 NEW YORK STOCKS STOCK PRICES in New York on Thursday slid for the seventh session in a row, reflecting investor pessimism over the outlook for interest rates and corporate profits. The Dow Jones indusrial average closed off about 3'/i points to 832.48, for a decline of almost 371,225 words
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Article196 1982-05-22 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CcttM yara: China Blue Phoenix 20s 2,360 32s 2,900, 40s 3,120 (per bale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article331 1982-05-22 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 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 0.58.331 words
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Page 9 Advertisements
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Advertisement567 1982-05-22 9 It you tougM Hi ttilved through 11-or lust wonder what it was really tile... n ii.iiiii n K hi VJ OVER UN Many never before published! Relive the War years through historic frontline battle photographs behind-the-scenes insights declassified tiles unforgettable eyewitness accounts authoritative explanations of tactics and technology A Japanese567 words
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1576 1982-05-22 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 ONE INDUSTRIAL COMMERCIAL Acma (3.188 3.205)1,576 words
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Article195 1982-05-22 10 ■MtfMI ONTTBUR DIAMOND MOT VM E (M.WIII.' prtM krmrM) (Massgaw' prima tor May SB The Commerce 2*7 3 I2zd •1) The Savings Fund 1.0 1.T7 Diamond 0 56 0 60 S'pore Prog Fund 1 33 140 Spore Fd(USI) S pore See Fund 2.04 S pore Invest Fund 1.12195 words
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Article2978 1982-05-22 10 1982 High Low Company Last Sale orGrY Div Div Cvr Gr's Yld Net P/E Vol Day COOO) High Low SE CTION ONE INDUSTRY VL CO MMERCIAL 320 233 306 320 141 291 480 328 247 172 246 320 96 199 308 240 Acma Alcorn Allied Choc BAT2,978 words
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Article1405 1982-05-22 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 of 1,000 units, unless otherwise specified. DXIKWTBIALS Am (3.548) (1) J. 50 Aleaa (1.248 1 365) (4) 1.281,405 words
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Article183 1982-05-22 10 INDUSTRIAL A CammereUl Bui Limited: Twentyeighth AGM to be held at ICB Penthouse, 7th Floor, 2 Shenton Way, Singapore 0106 on May 22 at noon. TAT Lee Baak Limited: Eigth AGM to be held in the Conference Room, 4th Floor, Tat Lee Building, 63 Market Street, Singapore 0104183 words
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Article784 1982-05-22 10 THE Singapore stock market again came alive in the claslng moments sf trading yesterday bnt this failed to stem the tide d selling pressore that had built op the whole day. This resulted in a generally easier closing of share prices with the Straits Times784 words
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Article594 1982-05-22 10 TRADING interest remained lackadaisical on tbe Kuala Lumpur stock market yesterday and prices drifted lower at the close. Many investors were said to be waiting on the sidelines in view of the erratic market condition. As a result, total turnover was significantly reduced again yesterday.594 words
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COMPANY NEWS
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829 1982-05-22 11 NAJEEB JARHOM - Market Talk... By NAJEEB JARHOM APART from a few exceptions, the situation in the Singapore stock market now still presents a selling opportunity rather than a time for buying, says London stockbroking firm, Laurence, Prust and Company. "The local market is likely to829 words
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Article345 1982-05-22 11 PLANTATION-based group Kulim (Malaysia) is confident that its prospects for the current year are reasonably good in view of the general forecast of a recovery in the world economy. Its chairman Datuk Haji Basir Ismail, however, says in the latest annual report that the group's results for345 words
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In Hongkong...
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Article194 1982-05-22 11 er for Securities, Mr Robert Fell, has expressed his concern at the activity in the shares of New Era Land and Secarltles Investment Ca Ltd. He has told the Far East and Kam Ngan exchanges that his office feels it was premature for them to grant listing permission194 words
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Article43 1982-05-22 11 final dividend fa* 1981 is eight HK cents (30 cents single 1980 dividend before one-for-two bonus issue, one-for-one rights issue and one-for-one bonus issue), making a total of 16 cents. Books will be closed from June 16 to 30.43 words
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Article44 1982-05-22 11 unaudited consolidated 1981 net profit was HK5104.5 million ($70.63 million). A final dividend of 12 cents (same on smaller capital) will be paid, making a total of 20 cents (18.5 cents). Books will be closed from June 15 to 29.44 words
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62 1982-05-22 11 1981 group profit after taxation and minority interests was HK531.39 million ($30.82 million) on turnover of $154.25 million ($91.22 million). A final dividend of five cents on capital increased by one-for-10 bonus issue (8.5 cents) is proposed, making a total of 10 cents62 words
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1236 1982-05-22 11 SUSAN THAM - We conclude our series on sogoshoshas this week with a look at Marubeni Corporation which used to be one of the "Big Three M's" in the sogoshoshas world. It is now ranked fourth as C Itoh had moved up a step following its merger with1,236 words
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Page 11 Advertisements
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Advertisement215 1982-05-22 11 The Straits Times Directory. The product and service directory that pops up with all the answers rM* .W r '"L, >*»•-*- m «s; 4y *ll. J*,** <„■»»*' a>u <*}•*** v. i_ -'.4 3 R^r*v>3r* v' -A !10> m m Vf.» Mf* »y^ *v» "S rji* Packed from cover to cover215 words
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238 1982-05-22 12 UNITED Industrial Corporation (UIC) seem» bent increasing it» stake In United Engineers (UE). Yesterday, it announced a further porchase d 51t,1tl shares in UE, bringing Its total holding to S.I million shares, representing 11-5 per cent of the tatter's equity. Only early this238 words
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185 1982-05-22 12 GANDA Holdings yesterday announced the purchase si 1,142, Ml shares In Central Industrial Corporation for M 51.884 million. The purchase will raise Its shareholding la CIC from 51.2 per cent to 18.2 per ceut. The vendors of the shares were Yaag Bin Yea (771,H1185 words
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Article744 1982-05-22 12 LONDON, Fri. Equities and government bonds staged a technical rally today, helped by news that April's retail price index shows year-on-year inflation (ailing to its lowest for three years, dealers said. The Financial Times index at 3pm, was up 3.7 points to 558.1. Closing middle prices of selected744 words
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Chief Price Changes
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Article166 1982-05-22 12 Rises Indices Acma O U B 320 550 CM May 20 May 21 Int Wood 163 9 BT Indicator: *****8 *****5 M T C G I Hldgs Y H S 498 422 222 8 6 6 ST Industrials: ST Finance: 772.51 *****6 ***** 1778.62 Spore Glass M Banking 206166 words
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Article, Illustration157 1982-05-22 12 SHARE PRICES closed generally easier In quiet trading on the Stock Exchange of Singapore yesterday. The Straits Times Industrial Index dropped S.fit points to close at 76C.85 while the Business Times Indicator of the day's 11 most active counters lost IKS points to *****5. Rises Indices Matsushita 720157 words
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Article50 1982-05-22 12 FINANCIAL TIMES Friday 1359.51 Thursday 1358.37 Week Ago 1367.53 INDUSTRIALS Thursday 554- 4 Wednesday 561.9 Week Ago 585.2 AUSTRALIAN INDUSTRIALS Friday 662.1 Thursday M6.1 Week Ago «7< 2 DOW JONES AVERAGE INDUSTRIALS Thursday 832.48 ALL ORDINARIES Wednesday 835.90 Week Ago 858.11 H.K.HANG SENG Thursday 510.2 Week Ago 519.550 words
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Article118 1982-05-22 12 AP NEW YORK, Fri. The stock market turned upwards this morning with the help of some favourable news on inflation. The Dow Jones average of 30 industrials, down 33.39 points in the last seven sessions, climbed 3.61 points to 836.09 in the first half an hour. GainersAP - 118 words
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Article395 1982-05-22 12 \mmm •v. 1 Companies Editor: Mano Sabnani SIME Darby Berhad is to buy over the entire manufacturing facilities of longestablished Fung Keong Rubber Manufactory (M) Sdn Bhd for M 524.8 million cash. In an announcement yesterday, Sime said Tunku Dato Ahmad Yahaya, its joint chief395 words
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Article639 1982-05-22 12 THE Straits Trading group is well on its way to becoming one of the richest companies on the Stock Exchange of Singapore. It will, in the course of this year, have its coffers filled with cash to the tune of $198.67 million. Traders' latest annual report for639 words
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Article171 1982-05-22 12 TAIPING Textiles Bhd has replied to the Kuala Lumpur Stock Exchange regarding the sharp discrepancy between its projected and actual results for the year ended Dec 31, 1981. It gave several factors to explain why its pre-tax profit forecast of MSI million for 1981 turned instead171 words
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410 1982-05-22 12 CHOO AI LENG - By CHOO AI LENG THANKS to higher rentals, property group Singapore Land has reported a substantial improvement of 82.8 per cent in group pretax profits to $5.6 million for the interim period ended Feb 28. The group enjoyed a 66.8 per cent increase in410 words
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Article109 1982-05-22 12 GENTING Bhd has decided to postpone the entitlement date for its recently declared tax exempt dividend of 7.5 per cent for the year ended Dec 31, 1981. The company added in an announcement yesterday that the suspension of trading in its shares will be deferred. It had requested109 words
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249 1982-05-22 12 GAMMA, the private investment company which recently took a block of shares in Singapore Land from Town A City, is apparently an investment arm of Indosuez Asia, a Hongkong merchant bank. It is not owned or controlled by Datuk TK Wen, Selangor249 words
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Article272 1982-05-22 12 AMCOL Electrical lidittries has appointed Messrs Tay Peng Hui and Tan Swee Siong as additional directors with effect from May 21. The other directors of the company include Messrs Tan Eng Joo (chairman), Kang Hwi Wah (managing director), Augustus Tan, and Goh Poh Hin. THE Kuala Lumpur Stock272 words
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Advertisement354 1982-05-22 12 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 information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated354 words
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Page 12 Miscellaneous
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Miscellaneous67 1982-05-22 12 msmmrn L =3 OUTLOOK for Singapore today: Fair in the morning; showers in the afternoon, and fair again after that. Report (or 24 hours prior to IJI pm on May 21 at the airport: Maximum temperature 32-2 Associated humidity 69 Minimum temperature 25.0 Associated humidity 97 Hours of sunshine 6.4567 words
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