The Business Times, 29 May 1982

Microfilm: NL12081
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MAY 1882 60 CENTS
    10 words
  • Article
    Multi-Purpose Holdings signs US$92m credit facility
    601 1  -  By ANGELINE TAN MULTI-PURPOSE Holdings Berhad (MPHB) signed a US$92 million syndicated credit facility yesterday to finance its offer for the remaining 35.28 million shares, representing 49 per cent of the issued and paidup capital, of Dunlop Estates Berhad. This loan is a sequel
    601 words
  • Article
    Significant decline in external trade deficit
    496 1  -  By RICHARD SEAH SINGAPORE'S external trade deficit narrowed significantly in April as the good performance of exporters that month was accompanied by a fall in imports. Exports in April amounted to $4.1 billion, up 11 per cent over last April's figure of $3.7 billion.
    496 words
  • Article
    Franchise to print comics
    184 1 WHEN you next buy a copy of Flintstones, take a good look at it chances are that it was printed in Singapore. Strexel (Singapore) has recently obtained franchising rights to print comics for Hanna Barber a, DC Comics and King Feature Series, to be distributed in
    184 words
  • Article, Illustration
    Paragon to build $100m complex at Orchard
    335 1  -  By SIOW LI SEN PARAGON Properties will build a $100 million shopping complex on the former Orchard site in Orchard Road. Called The Paragon, it will have four levels of shops and two basement carparks to accommodate 780 vehicles. The complex is scheduled
    335 words
  • BRIEFLY...
    • Article
      Switching portfolios
      69 1 MR GOH Chok Tong will become Minister for Defence on June 1 while the current Minister for Defence, Mr Howe Yoon Chong, will take over Mr Goh's present position as Minister for Health. Mr Goh will remain at the Ministry of Health as the Second Minister for Health
      69 words
    • Article
      Lock icon HK rates down
      75 1 AFP HONGKONG, Fri. The Hongkong Association of Banks today announced an across-the-board reduction of the interest rate by one per cent, effective from next Monday. The prime rate will come down by one per cent to 15 per cent. Under the new schedules, savings accounts, 24-hour call,
      AFP  -  75 words
    • Article
      Lock icon Mitsui in the red
      80 1 AP TOKYO, Fri. Mitsui and Co, Japan's second largest trading company, went 15.1 billion yen in the red in the fiscal year ending March 31, reflecting huge losses from its involvement in a US$3 billion petrochemical plant in southern Iran. The giant trading company said that
      AP  -  80 words
    • Article
      Lock icon Fighting continues
      117 1 Reuter LONDON, Fri. Britain said today that it had shot down two Argentine fighter-bombers over the Falkland Islands for the loss of one of its own planes and its ground troops had gone on the offensive. The British defence ministry gave no details of offensive operations but government
      Reuter  -  117 words
    • Article
      Lock icon No agreement
      83 1 Reuter BANGKOK, Fri. Representatives from 15 international airlines meeting here failed to reach agreement on a new fare structure on the A ustralia-to-Europe route but agreed in principle, to halt their price-cutting war, airline officials said today. The planned two-day meeting went into an extra day as Australasian,
      Reuter  -  83 words
    • Article
      Racial exclusiveness
      87 1 KUALA LUMPUR, Fri. The government does not favour racial exclusiveness in business ventures, Datuk Sen Dr Mahathir Mohamad said today. "As far as possible, involve the participation of all races in business ventures," the Prime Minister added when speaking to MIC central working committee members here this afternoon.
      87 words
  • Article
    Pay rises for civil servants cost $169m a year
    297 1 THE |*veruMt'i wage hUI will rlne by $1« milllea aaaaally to $1.37 Milton when the new salary increases far all Its emptoyees take effect. This will bring the average wage far aa emptoyee tram $14» to $1,2». la March last year,
    297 words
  • Article
    Las Vegas out to tap market in this region
    537 1 LAS VEGAS oasinos and night clubs arc- now eyeing Singaporeans and their neighbours in t Jie region. It was only recently that they realised there is a vast untapped market in this region. In one casino in Las Vegas, for example,
    537 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      237 1 BOOKS FOR Times Bookshops lj™S_ MANY of the world's largest banks are cutting back on their international lending, especially to poorer countries Page 2 THE Singapore Petroleum Dealers' Association is again pressing for higher commission, but it is unlikely to succeed as oil companies disagree with its claim that dealers
      237 words
    • Advertisement
      Page 1 Advertisements Column 2
      49 1 Worldwide management experience at your fingertips. ExecmThe compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by wrrrm federal publications New Industrial Road, Singapore 1953 A member of the Times Organisation
      49 words
    • Advertisement
      Page 1 Advertisements Column 3
      25 1 }!%-|*=_\_<-/++!|".`]"~~(.`/]{^ E4iWri*l...p*gc I aP^cf®" K> s&S i v -feio »c <&&y > >/C r**fj iv 1 Sole Agent EXCELSIOR (PTE) LTD. 66, High Street, Singapore 0617. t#»
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  • BANKING AND FINANCE
    • Article
      Lock icon Less credit for poorer countries
      526 2 NYT MANY of the world's largest banks are cutting back on their international lending, especially to poorer countries, as a result of economic and political problems around the globe, according to bankers attending the International Monetary Conference in Vancouver. Some leading bankers say they fear
      NYT  -  526 words
    • Article
      Lock icon TOKYO SYNDICATE SETS TERMS FOR MINISTRY
      198 2 Reuter THE JAPANESE finance ministry asked a syndicate of 33 banks and securities firms to consider increasing its underwriting of national bonds in fiscal 1962, started last month, syndicate head and Fuji Bank president Yoshio Araki said. The ministry has made no official announcement
      Reuter  -  198 words
    • Article
      Lock icon Spot gold transactions
      51 2 Reuter ZENSHINREN bank, formed by 456 members of the National Federation of Credit Associations, has started spot gold transactions for its members to facilitate their gold business. The Japanese bank will sell and buy gold bars to the members under its agreements with trading houses and wholesalers.
      Reuter  -  51 words
    • Article
      Lock icon Chase to write off US$135m loss from Drysdale dealings
      771 2 NYT CHASE Manhattan Corp, America's third-largest bank holding company, has announced that it will take an after-tax write-off of US$l35 million as the result of its dealings with the Drysdale Government Securities Corp. The loss is equivalent to a third of
      NYT  -  771 words
    • Article
      Lock icon Large debt to West putting strains on communist bloc
      240 2 NYT WHILE P«lud and R« mania have bane the brunt oI the prnbtem thu far, Eutern Eanpe*! hnge UB$M billion debt to the Wert Is patting strains m almost every member af the enmmaalst Mae. Weak demand far their experts has
      NYT  -  240 words
    • Article
      BONDS AND LOANS
      862 2 A CONSORTIUM of 26 banks will finalise a US$l billion bridging loan to Mexico, the Mexican finance ministry said. The loan will effectively be an advance on the recently proposed $2.5 billion credit which will probably be signed next month. The international banks involved are the same
      862 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        441 2 The foreign exchange market was thinly traded yesterday, resulting in rather exaggerated movements. The US dollar continued to strengthen against most major currencies. However, against the Singapore dollar, the US dollar weakened slightly from an opening rate of 552.0915/25 to close at 552.0670/80. The highest rate traded for
        441 words
      • Article
        Gold
        329 2 SINGAPORE gold futures yesterday closed generally firmer in moderate trading, with its initial rise reflecting the metal's strength in New York overnight, dealers said. Total sales for the day was recorded at 265 lots while kerb volume at 77 lots with interest mainly centred on June, August and December
        329 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banhs are currently prepared to lend to their best customers is 10.96 per cent.
        22 words
      • Article
        ASIAN $
        180 2 ASIAN ASIAN currency deposit Interbank rates as at close on May 28: US DolUra(8pot) Off»r Btd 7 days 14* 14* 1 month 14 7/16 14 5/16 2 months 14 v> 14** 3 months 14* 14Va 6 months 14* 14Vi 0 months 14* 14H 12 months 14* 14* Dm. 8»in. 1
        180 words
      • Article
        Discount
        43 2 RANGE at prion ofldi kI by discount house* i on May M Overnight r* Calldepoa its OeaiM SclliM 3-month Treasury bills 4 31* 3-month Bank bills 10 01* 3 months CD 0^ OH 6 months CD 9* OH Source: National Discount Co
        43 words
      • Article
        Silver quotes
        42 2 Wrd T»«« New York 6 37B 6 39B 6 MS 6«S Zurich 6 35B 6 42B 645S 6 52S Thar* Wei Singapore 6 35B 635B 64SS 6 45S Closing prices In US dollars a troy ounce Source: Credit Suisse, S'pore
        42 words
      • Article
        Hongkong
        228 2 THE US dollar in Hongkong yesterday tended higher against all major currencies in afternoon trading on news a Republican 1963 budget plan supported by President Reagen had been defeated in the House of Representatives, dealers said. The dollar edged up to 2.3375/82 marks from an early 2.3350/57 and New
        228 words
      • Article
        London
        33 2 Opening quotes yesterday: US 1.7950 60 Can 2.2285 308 Croat 1.2416 19 D Mk 4.2025 75 D F1 4.65B'75 S Fr 3.5800/50 F Ft 10.9680 800 Lit 2324.50 2329.50 Yen 436.54/437 33
        33 words
      • Article
        TOKYO
        177 2 THE dollar for overnight delivery in Tokyo yesterday closed firmer at 243.20 yen, up from a 242.80 opening in Tokyo and 242.40/55 finish in New York, despite bank of Japan intervention estimated between $200 and $250 million. The dollar's rise from a 241.25 close in Tokyo on Thursday was
        177 words
    • Article
      Japanese FRN listed on S'pore stock exchange
      351 2 A US$6O million floating rate note issued by the Long Term Credit Bank (LTCB) of Japan has been listed on the Singapore and Luxembourg stock exchanges. The issue was made by the bank's Nederlands Antilles branch with the Development Bank of Singapore as
      351 words
    • Article
      Lock icon Stiffer terms proposed
      127 2 Reuter INTERNATIONAL bankers are presenting Venezuela with a proposal (or a jumbo Eurocredit of around US$2 billion carrying stiffer terms than the country has paid in the past. The bankers reached agreement on the terms at a meeting in Frankfurt on Thursday. If Venezuela responds favourably to
      Reuter  -  127 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      197 2 MORGAN GUARANTY TRUST COMPANY OF NEW YORK (SINGAPORE OFFICE) SYSTEMS ANALYST/PROGRAMMER We are looking for an experienced Systems Analyst/Programmer to join our Systems Department. The successful candidate will play a major role in the implementation of new banking systems and will participate in their future development. The basic requirements for
      197 words
    • Advertisement
      Page 2 Advertisements Column 2
      158 2 A. -ft TAT LEE BANK UNITED RIGHTS ISSUE OF 12,000,000 NEW SHARES OF SSI.OO EACH AT 552.50 PER SHARE. On behalf of the Bank, we wish to inform all shareholders that the Circular Letter, Provisional Allotment Letter and Excess Share Application forms relating to the abovementioned Rights Issue were despatched
      158 words
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  • TRADE AND INDUSTRY
    • Article
      Energy savings in the pipeline
      269 3 SINGAPORE Oxygen Air Liquide (Soxal) is to invest at least 52 million over the next few months in more pipelines which will help reduce the energy required by the industrial gas industry. The pipelines would reduce the necessity of distribution by tankers and this would
      269 words
    • Article
      MEMO PAD
      1344 3 SEMINARS AND COURSES May 17-June 24 (Mondays and Thursdays): Microprocessors (ZILOG ZBO Module 1), Sisir, Sisir May 18-June 25 (Tuesdays and Fridays): Microprocessors (Motorola M 6800 Module 1), Sisir, Sisir May 21-Aug 10: Programming Techniques and Assembler Programming, Cuppage Centre, NPB May 24-Aug 2: Computer Programming and File
      1,344 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      395 3 COLD Storage has promoted Jefca Mak to group corporate planner. A fellow member of the Institute of Chartered Accountants (England and Wales). Mr Mak Joined the group in 1974. He has since held several senior positions in the finance, trading and manufacturing divisions in Singapore. Prior to
      395 words
    • Article
      Speed of execution won Autoblast the contract
      363 3 THE Singapore shipyard that recently won a contract from the Royal Australian Navy to service two warships said it won the contract because it would be able to complete the work within a short time. Mr R Puru, assistant general manager of Autoblast
      363 words
    • Article
      US expert to lead marketing seminar
      251 3 A SEMINAR on strategic marketing, jointly organised by the Marketing Institute of Singapore and the National University of Singapore, will be held at Hyatt Regency on July 8 and 9. The seminar will provide a planned roll-out process with which to redefine product/market business
      251 words
    • Article
      TRADE TALK
      338 3 AN Australian producer of mineral water has made a concerted effort to introduce his products to Singapore. Mr Julian Newmann, managing director of Hepbum Spa, has appointed Mauri Marketing (Singapore) as agent for Singapore, Malaysia and Hongkong. Hepburn Spa sparking natural mineral water first appeared on supermarket shelves
      338 words
    • Article
      Petrol dealers pressing for more commission
      567 3  -  By LOH HUI YIN THE Singapore Petroleum Dealers' Association is again pressing for higher commission, but it is unlikely to succeed as oil companies disagree with its claim that dealers are suffering losses. This time, the dealers want the increased commission calculated in the
      567 words
    • Article
      Potential seen in trade with Swiss
      363 3 SINGAPORE has great potential to become Switzerland's leading trading partner in the Far East as the island is growing "extremely rapidly". This is the view of Mr Nikolay S Toschkoff, foreign trade promotion delegate of the Swiss Office for the Development of Trade (SODT),
      363 words
    • Article
      RTC's course on electrical wiring
      121 3 THE Reformative Training Centre (RTC) is shifting its training emphasis to meet the demand for blue collar workers, particularly in the construction industry. As a first step, the centre will conduct a three-month full-time course in electrical wiring, from May 17. The centre, which is
      121 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      107 3 A UtgJiM Stockholm us.o^ Copenhagen Amsterdam Brussels Prague Frankfurt Luxembourg Geneva Jkr Vienna Bucharest Whichever major European city you may be going Amsterdam, Copenhagen, Frankfurt, London, Paris or Rome fly Aeroflot. Aeroflot operates three flights weekly to Europe via Moscow on Mondays, Wednesdays and Fridays. Fly directly from Moscow to
      107 words
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  • OVERSEAS
    • Article
      Lock icon Reagan's budget vetoed by House
      622 4 AP Reuter THE United States House of Representatives rejected a Republican-sponsored budget outline on Thursday night on a 235-192 vote, dealing President Reagan his second legislative setback of the evening. After rejecting the proposal by a vote of 235 to 192, the House defeated a
      AP; Reuter  -  622 words
    • Article
      Lock icon EEC chides US over rates
      263 4 Reuter THE European Economic Community (EEC) representative in Washington yesterday accused the US of failing to control fluctuating exchange and interest rates, and said EEC countries are prisoners of US monetary policies. "European countries have been, and still are today, de facto prisoners of US
      Reuter  -  263 words
    • Article
      SHIPS IN PORT
      511 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES 29.5.82/1500 Dong Kwang 28 World Wide Pac Alongside Elisabeth Maersk 15/6 Maersk Alongside 29.5.82/1800 Frotadurban 1/2 Merllon Alongside 29.5.82/2300 Kim Soon LI 22 Thong Soon Alongside 29.5.82/0700 Klnh Thay 23 Nept Ag Alongside 29.5.82/0600 Kota Banteng 10/11
      511 words
    • Article
      Lock icon US bill seeks to limit steel imports
      279 4 AP CONGRESSMEN from steel producing states in the US Introduced > bill H Thursday that weald limit steel Imports aad shot them Ht completely If unemployment la the steel ladastry exceeds IS per eeat. The legislation was offered fey &4 members of the
      AP  -  279 words
    • Article
      Lock icon Reagan plan for troop cuts in central Europe
      401 4 NYT PRESIDENT Reagan will, in a speech to be made in Bonn next month, offer a plan for reducing eastern and western ground troops in central Europe. US administration officials said that, in essence, Mr Reagan is expected to propose a new
      NYT  -  401 words
    • Article
      Lock icon Why US is expanding military space activity
      396 4 UPI THE United States is expanding its military space programme to ensure the Soviet Union will not control the "high ground" of earth orbit, American air force officials said. "We now are poised to really capitalise on the advantages that space offers us
      UPI  -  396 words
    • Article
      Lock icon World shipbuilding order book shrinks
      615 4 AFP THE world shipbuilding order book shrank for the third successive quarter during the first quarter of this year, reflecting shipowners' reluctance to invest in new vessels as some freight rates slumped to sixyear lows. According to Lloyd's Register, orders shrank by 1.56 million tons
      AFP  -  615 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.S. FOREIGN AID BILL
        517 4 Agencies THE US Senate Foreign Relations Committee has approved a US$lO.7 billion foreign aid programme for next year that would cut funds for El Salvador but increase aid to Israel. The committee approved the bill on Thursday after cutting $100 million from Mr Reagan's $226 million
        Agencies  -  517 words
    • Article
      Lock icon Forecast of Opec current account deficit
      307 4 AFP THE Organisation of Petroleum Exporting Countries is expected to slip into the red by U5523.7 billion in the current account balance this year, the first time since the first oil crisis in 1973. The gloomy forecast was made in a report published in
      AFP  -  307 words
    • Article
      Lock icon UK Conservatives win by-election
      147 4 Reuter BRITAIN'S ruling Conservative Party won a parliamentary by-election in Beaconsfield early yesterday. The Conservative candidate won 23,019 votes for a majority of more than 13,000. The majority was down, however, on the 1979 general election figure when the Conservatives won with a lead of 21,000
      Reuter  -  147 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      782 4 ARRIVALS Service Local Operator Number Tine From MAS MH15A 0020 KUL PAA PA006 0145 JFK/SPO/HKG CAL CI331 0350 TPE SIA SQ101 0005 KUL MAS MH671 0920 KUL MAS MH680 0965 KCH RBA Bid 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CPA cxno 1035 HLP
      782 words
    • Article
      Lock icon Chinese to pursue policy of balanced economic growth
      558 5 AP COMMUNIST China is striving to lay the groundwork for a "Chinese-style economic modernisation" with a gradual improvement in living standards. The US Department of Commerce said in Washington on Thursday that this is the main goal of the tenyear economic program
      AP  -  558 words
    • Article
      Tokyo bid to break deadlock in air talk
      200 5 JAPAN, la aa effort te break a deadlock wttli the U8 ever rimnwrrial airtlae righto, has effaced a temps rary ■grrwft ta allow Halted Airlines ta fly ta Tehye ta exchange far the rights at Japaa Air Uses ta laad la CMeaga
      200 words
    • Article
      Lock icon Japan has done its utmost to ease import barriers
      704 5 Agencies TOKYO said its latest efforts at easing import restrictions were the best it could offer at present. After a cabinet meeting yesterday to approve tbe measures formally, Premier Suzuki said: "I am convinced that the package is the maximum and
      Agencies  -  704 words
    • Article
      Lock icon HK's performance depends on pace of West's recovery
      215 5 AP THE US Department of Commerce said that prospects for Hongkong's economy In the second half of 1962 will depend on the pace of recovery in the Western economies. "Traditionally, export demand has led Hongkong's economic growth, but over the last two
      AP  -  215 words
    • Article
      Lock icon S Korean economy continues recovery
      181 5 AP THE Soutli Korean economy is continuing to recover slowly from the 1900 recession. The US Department of Commerce in Washington yesterday said for 1982, the South Korean government expects real gross national product (GNP) to rise €.5 per cent over 1961, with an economic
      AP  -  181 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      1138 5 CREDIT CORPORATION (SINGAPORE) LIMITED EMPLOYMENT OF CAPITAL FIXED ASSETS CURRENT ASSETS Amounts due under hire purchase and lease agreements, factoring of trade debts, accounts receivable financing and loans and advances Goods on lease Trade debtors Other debtors Statutory deposit with the Monetary Authority of Singapore Deposits and bank balances with
      1,138 words
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  • Article
    Leading from the rear
    405 6 THERE IS A STUNNING absence of leadership in Washington DC which is reflected in the defeat of yet another budget proposal on Thursday in the House of Representatives. Only two proposals remain alive, out of the original seven, and they will undoubtedly also be defeated, leaving
    405 words
  • Article
    Okay, what's up Las Vegas
    286 6 HUSBANDS FEEL uncomfortable when their wives treat them extra -nice. Sweat forms on the forehead when their wives start to help them remove their shoes and bring them the newspapers. Husbands smell rats in every bite of that special meal and if they are still
    286 words
  • Article, Illustration
    Lock icon New campaign to bring casinos to sunny Florida
    832 6  -  Should casino gambling be introduced in Florida? Those who say yes point to benefits it would bring to the tourist industry, reports STEWART RUSSELL. Those against say Florida does not need the kind of tourists it would bring, not to mention the
    Reuter  -  832 words
  • Article
    Lock icon More acts of violence by Japanese youths
    820 6  -  By IKUO ANAI Reuter BENEATH the surface of social harmony and selfdiscipline to which much of Japan's astounding economic success since World War Two has been attributed, lies growing official concern about increas- Ed delinquency among the nation's youth. Although still very low
    Reuter  -  820 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      610 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 What a bomb has in more ways than one (5) 6 Nautical knaves? (5) 9 Not cheap glass, that's clear (7) 10 I leave a soldier, (or instance, being unusually loyal (5) 11 Vehicles embodying many skills (5) 12 Times when small letters are
      610 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      933 6 T.VKIRWDTO SINGAPORE 5 ANIMALS are njiytog the the huflti of medera lech—tarn ttmgMi with maa. LJviag Tmmomw (Ch 5, 18) will shew haw fanners aae cleae-circait tetevfcftaa to Mritor animal htrtha la trder to protect the ymm| tno aaThla daeameatary will alee (eatare a nachlac which eaa separate gead graaadaato
      933 words
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  • Article, Illustration
    Lock icon Travellers beware!
    1024 7  -  By JOHN CHADWICK Reuter THE World Health Organisation (WHO) has warned holidaymakers in stark detail of the dangers awaiting them in exotic lands. They include snakes, sharks, bedbugs and sex. After reading the WHO'S new holiday health guide, in fact, more sensitive souls seeking sunshine and romance might
    Reuter  -  1,024 words
  • Article, Illustration
    Lock icon Keys to a happy old age
    860 7  -  By BARBARA VON OW Reuter A GOOD breakfast, sex and moderate drinking are the keys to a happy old age, according to a senior United Nations expert. "You can't stop the biological time-clock. But you can add any number of years by doing things
    Reuter  -  860 words
  • Article, Illustration
    Lock icon Orient Express glides back in grand style
    451 7  -  By GREGORY JENSEN UPI WITH expensively restored glamour to match its renowned name, the Orient Express glided back on the rails on Tuesday to recapture lost splendour and fame. "We are determined to make it the best luxury train in the world," said
    UPI  -  451 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      116 7 T. Anthony Cbandor •-> v 7 he Penguin Dictionary of T.▼. T 1 r 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
      116 words
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • Article
        Paris
        193 8 MAY n m CORBEILLE Air-Liquid* m BIN Oarvmla ia» Cir (Thomsontu rw> 1MJ0 CI* Francata* da* HW» CompagnM Flaaoctar* 1SIJ0 Comoacnt* Otnnl* Cradtt Ponclar Da fraoei m uncti Hadntto nA*miri+\ «ao -t f Jm M 181 •1 180 1XIC iU +C1 Mi k 77V -U ♦J ■V^LjUhbJI LU CM
        193 words
      • Article
        Frankfurt
        178 8 MAT 27 Dm Aef-Telefunken Akao Alls Lcbcn 36 JO 22.70 1D0.00 +0l2 -u -10 Alia V«r» BASF Bay M T Wtaan* ■•j 1J0J0 211 JO 275J0 +11 Btnr mm -04 BBC 117 JD BMW 204.00 -13 CaaacUa mao Cham V«r* Commcrabanft Contl Oummt Daimler-B*ru 307 JOB ***** 4010 aijo
        178 words
      • Article
        Brussels
        65 8 MAT 37 Fr» FORWARD MARKET Acat 430 unch Arbad 1300 -4 AJtoir m -U Braacan Bnj-Lainb •m 1353 It 33 m t 113 1MB 41W unch unch -3D 2306 ins U«l >39 -10 E 13 30 -10 -10 3* E Bolrwj A 13M 0 MUl 3ND -31 V Moot
        65 words
      • Article
        Zurich
        152 8 AluaulM* ta. Brown Down Br. Cite Otifj Br IB m 1306 -a unch Cite CMgy P C Cite Otlcr Bag Cradlt Sutaaa Br Cradlt Bill— Rag 1015 910 unch I'M 38 mo -4 Qtoifi PWhtr Br Olobua Pc MO 383 -S Hero Br iri inn— L» Roc ha 1/10
        152 words
      • Article
        Amsterdam
        139 8 MAT r ru ABM AtwiM mm n.tt -1J -0J Akw MM -0.1 Amv txoo 1J Amfu *10 -0J 1STsuo «w -0.4 I Boh BoraumU Rurhmuin JAlQxd *0# -J -s urw-h Caland a« -41 Cam Dalft D*li UU nuo T3J0 -i -1.4 *nnl« ixTao., 4 -U Pokkw nnrh Vtol Qtinmi
        139 words
      • Article
        Milan
        53 8 fMj| Ltt* 140 uncb M 11) uneh mm -vm Oanarmll OUn Ifi Pri* mm *m BOO uncb JSOti aoo -to 1" i j.j|7 SIM Ml m sao -S +m m a o -ra H -4 n"'^ llF= i p -t n tO uncb -U -1 aip Snu VlKxaa UD1
        53 words
      • Article
        TORONTO
        174 8 mat rr Ct 1K1.IK1 l»H It il~> AJ«oma 31 •H B>«k Mont But No** Scotia n.11 T.I ao<« B>H i»* undi unci) B«Ui Corp BP CM Ltd Z a« Bmcui u* Camp Rod Late Can Imp Bk 1JH »H -H uocb Canpac Canpar In* Pf CTKaefc -H rn 1BlfK
        174 words
      • Article
        JOHANNESBURG
        252 8 MAT r Rud INDUSTRIALS A Alpha MB A barton 715 unch AB And CI ma unci) AMIC irn unch a CM Ot Bufmr rrta riniDct Bwi lad UN -M St unch td PM 3 an PUI rtmai Votk 14 at Ml a -is |tt rdtan uu Orrnfmn 7M «M
        252 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      681 8 \|@&$?;},*?-'&{_~.]\!(|!;>@>_/~ Where to wine, dine and entertain with the American Express Card im Ll_lFor sushi. For teppanvaki. For other authentically rJapanese delights. i >r rcscrratu >n* n'.: v:■>/"(>:v < cii(iii I 'jii l* Shrr.Kuii. Sinj^jipon ■p I I si ft- r~ m Our popular Nooya Buffet Luncheon at a special
      681 words
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      Page 8 Advertisements Column 2
      111 8 This is Thai Saatood at its authentic bast So frash, it could hava baan aiiva IS minula* bafora coming to your labia It was An anormous vanaty o< succulant aaatoods axpartiy praparad by Thai chats in our kitchan Siamese Seafood Restaurant a Cockpit HiM Ox lay Riaa/Panaog Ro Tat: *****11
      111 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      556 9 COFFEE: Robusta futures yesterday were generally steady at midday, between £13 and £8 a tonne above Thursday's close in most traded positions. Spot May declined against the trend, ending the morning £10 a tonne easier due to technical reasons ahead of its expiry later yesterday. Physicals market was
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    • Article
      RICE
      323 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.
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    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20s 2,350 32s 2,900. 40b 3,105 (per bale of 400 lbs). Piece gMis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      PALM OIL
      129 9 THE Kuala Lumpur crude palm oil market yesterday closed lower on further short-selling in moderately active trading, dealers said. In June south dropped M 57.50 to 935 a tonne and north traded lower at $942.50, while in July central and south fell $8 and $5 respectively to $930.
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    • Article
      Straits Tin
      64 9 THE STRAITB TIN price la Pmu| yesterday dropped 11 eeata te Mf2f.?l a kite, te stead six eeate aheve the ITC (tear price «f $21.15, dealers said. Tke price drapped aa •lack latereat, thaagh tewer dlsp—l of ere aad buffer stack manager sappart kelped cheek the fall. Taraaver
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    • Article
      CLOSING PRICES
      34 9 Rubber: May 28 Singapore: June: 183.25 cents (up 0.50 cent) Malaysia: June: 205.50 cents (down 0.50 cent) Tin: M 529.21 per kilo (down 11 cents) Official offering: 132 tonnes (down 39 tonnes)
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    • Article
      Duty rates
      87 9 THE Malaysian Minister of Finance has fixed these rates for the period from May 27 until further notice: Bather: 205 7 /i cents a kilo for RSSOne; Capra: MJ500.00 a tonne; Pain kernel: $965.75 a tonne; Wldte pepper: $3,140.00 a tonne; Biaek pepper: $2,238.00 a tonne; The rates
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    • Article
      WHEAT
      140 9 WHEAT futures in Chicago on Thursday extended losses late in sympathy with the sharp break in soyoil prices, to close down four to seven US-cents a bushel and on bottom of a 6V4 cent range. The first three contracts edged to new season's lows during the session. Despite the
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    • Article
      Prices finish weaker
      1132 9 NEW YORK STOCKS STOCK prices in New York on Thursday ended lower for 1 the third consecutive day, amid continued concern about i the interest rate outlook. The Dow Jones industrial average was down almost four points to 824.96. Declines led advances by two to one as
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    • Article
      RAS PRICES
      423 9 RAS prices In cent* per kilo yesterday: Noon (per kilo) Buyers Sellers lot. 1 R.S.S. prompt f o b 182 00 183 OON tot 1 R S.S June 184 00 185 00 tot 1 R S.S July 187 00 187 50 tot 2 R.S.S. 176 00 178 OON
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    • Article
      SSR and SMR
      104 9 NOON S8R and SMR pneaa M -rrfar RAS SSR JO SSRSO <l-taa paliat > (1 too paliat} (Cmrraal Mtk) &a?er* HaUar* 1(300 IMilON laoso i«i son (Forward Btjan 8a 184.00 181.SO Mlk) i Liars 166.00N 182. SON MRXLB Ja.a SMR CV SMR L SMR S SMR GP
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    • Article
      RUBBER
      256 9 RUBBER prices in Singapore yesterday closed slightly higher with June One RSS buyers quoted at 183.25 cents a kilo, up half a cent from Thursday's close, dealers said. Morning prices were marked up slightly on afterclose levels here on Thursday and some Inro purchases. Afternoon prices lost some ground
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    • Article
      Produce exchange
      175 9 CHINESE Pnteer Exthugt, Shgiput, mm rlsriag pried per 1M kg ytmtor*»y. Cwnil «U: Bulk fob $100.00 sellers. old drum (In second hand drum) fob 1112.00 sellers, new drum fob $116.00 sellers. Capra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper fob Asta NLW $352.50 sellers, Sarawak white pepper
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    • Article
      Rubber trades with minimal fluctuations
      292 9 THIN volume was again registered this week as June Int One RSS hovered just above the 181 cents-a-kilo level for the most part, with fluctuations minimal and operators largely withdrawn, Hal May, Caller, Bath aa4 Campaay said in its review for the week ended May
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    • Article
      SOYBEAN
      98 9 SOYBEAN futures in Chicago on Thursday extended losses late on sympathetic local selling following the sharp decline ia soy oil, to settle 10 Vi to 14 cents a bushel lower. Soybean oil futures broke late in what traders called a technical washout to end sharply lower, and meal closed
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      634 9 I 111 GG 03 OS u Z 2 z CZ2 fe H u H Cu cc O H Z H OQ «9j H J OS ta •r (ONFFRFM i: In most industrialised nations. leasing has been a»< -epjed as a viable and a 111a**li\« financing technique. Ii has enabled <orpoiations
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1398 10 BID and otter prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Aetna (3.368
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  • Article
    Unit trusts
    205 10 SINGAPORE UNIT HtlST (Managers' prlMi i tor May SI) The Commerce 2 SB 3lOxd The Savings Fund 1® 1.77 S pore Prog Fund 1.32 138 S pore Sec. Fund 204 2.14 S pore Invest Fund 1.12 1.17 S pore Equity Fund 1.28 1.34 ASIA UNIT TBI ST (Msna
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  • Article
    SHARE INFORMATION SERVICE
    2879 10 Gr*a Gr'a Net 1982 Last Div Div Ynd P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Ac ma 338 -10 14.5 35 4.2 151 85 344 336 Alcom 115 3.7 05 32 95.8 233 172 Allied Choc
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  • Article
    In Kuala Lumpur
    1490 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. INDUCTBIALS Aeaaa <1748 3.7C5) (IS) 3JO (2) 3 78 (36) 3 74
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  • Article
    COMPANY MEETINGS
    290 10 I8LAND Pealasalar Drvflipmfit Berks*: Twentieth AGM to be beld at 1st Floor, Ban Hin Bank Chambers, Beach Street, Penang on May 29 at noon. 0VEK8EA-CUaeae Baakteg Ciryaratt— liariM: Fortyfifth AGM to be held on the 19th Floor, OCBC Centre, Chulla Street, Singapore 0104 on May 29 at noon.
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  • Article
    Prices drift lower on low volume
    707 10 APABT tram b tew firm speto, Mm fried ea Ike Bteek Exduuige ef Slagapare drifted almkMi} yesterday Bad cieeed ea a generally easier Bate. TradLmm were meetly eeaflaed te a aarrew raage aai this Is reflected la the margiaal l.n-peiat leas ea the Straits
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  • Article
    Shares ease in Kuala Lumpur
    608 10 SHARE prices oo the Kuala Lumpur stock market lost further ground yesterday in another round of cautious trading. Poor interest was noticeable from the opening bell and values traced a gradual decline as the session progressed. The easier note continued into the afternoon and trading
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  • COMPANY NEWS
    • Article
      New Economic Policy and corporate aims
      578 11 ANY investor, whether new or old, Malaysian or foreign, would be well advised to tailor his corporate objectives, planning and strategy to fit the New Economic Policy. This would enable his enterprise to thrive within the desired broader pattern of national growth. This advice
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    • Article
      Lock icon Aussie stockbrokers' future
      590 11 Reuter A DECISION which will shape the future of Australian stock markets will be handed down within the next few weeks. The government's Trade Practices Commission will give a preliminary verdict by mid-June on Australia's stock broking practices, including the use of fixed commission rates, after a
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    • ASIAN STOCKS
      • Article
        Market slightly easier
        430 11 HONGKONG STOCKS in the Hongkong market yesterday closed off their lows on late buying, but trading was scanty throughout the day. Prices eased at mid-morn-ing after a steady opening, and the Hang Seng index closed off 2.48 points at 1,392.81 against a 6.17 rise at 11 pm.
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      • Article
        Tokyo shares fall sharply
        423 11 THE Tokyo Stock Exchange market index yesterday fell 79.27 to close at 7,325.09 with sentiment depressed by the yen's further fall against the dollar, dealers said. Trading was light on volume of 250 million shares. The market average fall was the eighth largest this year, they
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      • Article
        Manila
        117 11 THE Manila market yesterday closed mixed as commercials/industrials eased while minings and oils firmed, dealers said. H Phil Hklfs 8.40 +ai Acoje kilning 0023 unch Anglo Phil 0027 A pax Mining B 01 -0.0006 AUai Cod. a 15 JO -07 Bagulo Odd 0013 unch Bute Petroleum 013 unch Benguet
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      • Article
        Bangkok
        169 11 IN Bangkok yesterday prices closed mostly lower on turnover of 23.4 million baht, dealers said. The Book Club index dropped 0.22 to 92.55 points. Jalaprathan Cement and Industrial Finance Corp fell two baht each to 123.50 and 100 respectively, Siam Credit 1.50 to 53.50 and Rama Tower 0.50 to
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      • Article
        Sydney
        439 11 THE Sydney market yesterday was little changed at the close after a dull session in which turnover was improved by special sales in several stocks, brokers said. Analysts said overseas interest, which is seen as vital to any strong rise by the market, continued at its low level, and
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    • Article
      Seacorp expects to perform well
      354 11 SOUTH-EAST Asia Development Cerperattoa (Seacorp) should be able to perform "reasonably well" this year barring anforeseea elreamstaaces. This Is in spite si the coatlaalag dlfflealt eesdltloas, said chairman 800 l Kam Sool In Us latest annaal review. Mr Has! feeto that the grasp's profits sthieved
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    • Article, Illustration
      Tat Lee scores highest growth in gross assets
      504 11  -  By MAUDRENE NITHIANANDUM OF Singapore's six local Kbliely-listed banks, Tat e Bank Ltd has scored the highest growth rates in terms of group consolidated gross assets and in loans and advances to customers. It also took third place in terms of net
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    • Article
      Recession a drain on Dutch Baby
      420 11 SEVERAL adverse factors have combined to bring down Dutch Baby Milk Industries' profit last year to only M 5700,946 from $4.5 million previously. Dutch Baby's chairman Tan Sri Kamarul Ariffin lists these adverse (actors as the continuing state of the recession, the inflationary trend,
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    • Article
      DIVIDENDS ANNOUNCED
      984 11 Carreat Ex Beaka Date Tatelter Tatel ter Pajrant Date Ctaae Payakte Ike year Prevteaa Aleea 2*% May May 18 Jun 10 5% 4.8%<a) B Kay* 5% May 20 Jun 1 Jun 24 5% 4.4*<a) Bate 16% Apr 28 May 10 Jun 3 22% 22% Bate Emu 5%I Jun
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      164 11 Are you often tired, tense and anxious? Do you suffer from backache, rheumatism or varicose veins? Do you have a weight problem? Are you worried about your heart? Has your urge to get up and go' got up and gone? Donald Norfolk believes that many of our chronic health problems
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  • Chief Price Changes
    • Article
      SINGAPORE
      167 12 Rises Island A Pen 780 10 O C B C 885 5 DBS 830 5 O U B 555 5 Times Pub 545 5 Nat Iron 535 5 U M W 510 5 Isetan 448 4 G I Hldgs 430 2 C C M 390 2 Malay awata 226
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    • Article, Illustration
      KUALA LUMPUR
      162 12 Rises Khong Guan 300 40 Taiping Con 442 20 Raleigh 230 14 Isl A Pen 860 10 Falls Sel Prop 570 -15 S Trading 690 -15 U Benut 462 -14 Haw Par 320 -10 SheU 450 -10 A Hitam (T) 840 -10 D Keramat 940 -10 Tong Meng
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    • Article
      Selected indices
      50 12 FINANCIAL TIME9 INDUSTRIALS Thursday 584.3 Wednesday 580.8 Week Ago 554.4 Friday 1392.81 Thursday 1395.29 Week Ago 1359.31 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 824.96 Wednesday 828.77 Week Ago 832.48 Friday 863.7 Thursday 663.9 Week Ago 662.7 ALL ORDINARIES Friday 508.7 H.K.HANG SENG Thursday 509.0 Week Ago 506.0
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  • Article
    LONDON STOCKS
    777 12 LONDON, Fri. The market undertone remained firm today pending further news of military developments on the Falkland Islands and leaders were selectively higher, dealers said. At 3pm, the Financial Times index was up 3.7 points at 588.0. Electricals were outstanding though even in this sector volume was low,
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  • Article
    Lock icon DOW JONES
    47 12 AP NEW YORK, Fri The stock market turned upwards this morning as one government economic indicator posted its first gain in a year. The Dow Jones average rose 1.24 points to 826.20 in the first half hour. Gainers took a 5-to-3 lead over losers. AP
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  • Article
    Advice to accept cash offer for Hwa Hong
    632 12  -  ilßia Companies Editor: Mano Sabnani By CHOO AI LENG MINORITY shareholders of Hwa Hong Manufacturing Co Ltd have been advised by Standard Chartered Merchant Bank Asia to accept Ong Holdings' cash offer of 52.20 for their shares. In a circular released yesterday,
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  • Article
    Directors pleased with Jack Chia (Aust) results
    249 12  -  By FLORENCE CHONG JACK Chia (Australia) Ltd, the Melbourne-based property arm of the Jack Chia group, has reported a pre-tax profit of A 5669,000 for the nine months ended March last. JCA, the former motor car dealer Alan Coffey Holdings, recently changed its
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  • Article
    Drop in earnings at Eu Yan Sang
    482 12 EU YAN Sang Holdings Ltd, a group that is involved in both the pharmaceutical trade and property development, has reported a 17.5 per cent drop in group pre-tax profit from $159 million to $1.31 million for the year ended Dec 31, 1981. After-tax
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  • Article
    Bukit Sembawang profit up 63.8pc
    208 12 DEVELOPMENT profit from the sale of a number of housing units at Seletar Hills has sharply boosted the performance of Bukit Sembawang Estates for the year ended March 1982. Group pre-tax profit jumped 63.8 per cent to 17.02 million (from $4.28 million previously). Turnover was
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  • Article
    API puts in M$2m to make polymer mesh
    285 12 ASSOCIATED Plastics Industries (API) has invested Ms 2 million to manufacture a new product used widely in civil engineering, agriculture, horticulture, aqua culture, domestic gardening and packaging. The investment is in line with its move towards product diversification to bolster earnings from
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  • Article
    Transmarco sets up computer school
    530 12  -  By SIOW LI SEN TRANSMARCO has ventured one step further in the computer business it is to run a computer school in joint venture with professionals in the field. DTS Singapore Pte Ltd, the computer arm of Transmarco, has acquired a dormant company called Ernismore
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  • Article
    COMPANY BRIEFS
    294 12 UNITED Industrial Cerperatton has announced the incorporation of a new subsidiary, UIC Computer Systems Pte Ltd, to market the BMC ifSOO micro-com-puters. Manufactured by Oki Electric Industry Company Ltd of Japan, the BMC ifSOO is an all-in-one computer system combining the CPU, keyboard, printer, floppy disc drive (for
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      329 12 Britannica 3 and giveyourself and your family the Bntannica 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
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      67 12 iWEAT.HERI OUTLOOK for Singapore today: Fair in the early morning, with showers in the late morning clearing by late afternoon. Report for 24 hoars prior to 7Jf pm on May 28 at the airport: Maximum temperature 32.3 Associated humidity 64 Minimum temperature 25.8 Associated humidity 92 Hours of sunshine 7.50
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