The Business Times, 19 June 1982
1982-06-19
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The Business Times
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Title Section11 1982-06-19 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JUNE It, 1982 60 CENTS11 words
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378 1982-06-19 1 SALMA KHALIK - By SALMA KHALIK THE three anti-Vietnamese groups in Kampuchea have decided to form a coalition government. The actual signing of the agreement will take place between June 21 and 23 in Kuala Lumpur. Malaysian Foreign Minister Tan Sri Ghazali Shafie said yesterday his government378 words
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200 1982-06-19 1 ASEAN received more support for its stand against trade protectionism yesterday when the dialogue sessions with third countries drew to a close. Japanese Foreign Minister Mr Yoshio Sakurauchi said, in response to Asean requests, that Japan has since last year adopted a series of measures to200 words
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589 1982-06-19 1 RICHARD SEAH - NEW STYLE NATIONAL WAGES COUNCIL By RICHARD SEAH A NEW style National Wages Council with a deliberately reduced Government role in wage negotiations will be introduced next year. This will be implemented in a transitional period to pave the way for an589 words
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Article343 1982-06-19 1 SOH TIANG KENG - By SOH TIANG KENG SEALION Hotels, owner of the Hyatt Regency Hotel, will on Monday sign a $100 million syndicated loan to finance the extension of its hotel in Nutmeg Road. The loan is in Singapore dollars but there is an option for Sealion to343 words
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272 1982-06-19 1 SINGAPORE'S Garment and Textile Training Centre, which started courses on June 1, will take in trainees from other Asean nations early next year. The centre at Toa Payoh, the first of its kind here, has agreed to train Asean textile and272 words
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BRIEFLY...
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Article69 1982-06-19 1 Reuter BUENOS AIRES, Fri. General Alfredo Saint Jean, nominated as Argentina's interim president, has pledged that his country will fight for years for the Falkland Islands if necessary, and has also spoken out for a return to democracy in Argentina. General Saint Jean, the interior minister, isReuter - 69 words
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Article80 1982-06-19 1 Reuter FRANKFURT, Fri. West Germany's real gross national product was barely changed in the first quarter against the fourth quarter last year, on a seasonally adjusted basis. Bundesbank figures, not adjusted for calendar influences, show GNP at 223.6 billion deutschemarks in the first quarter, after 224.1 billionReuter - 80 words
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Article80 1982-06-19 1 AP TOKYO, Fri. A Japanese official of a massive petrochemical project in southern Iran said his company and the Japanese government stand to lose as much as 310 billion yen if the troubled project is abandoned. Karoku Yamaguchi, president of the Iran Chemical Development Co, a wing ofAP - 80 words
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Article72 1982-06-19 1 AFP NEW YORK, Fri. A total o< 538 American companies went bankrupt last week, the highest weekly figure since the 1930s Depression. The specialist corporation, Dun and Bradstreet, said so far this year, 10,430 US firms had gone bankrupt, a 44.3 per cent rise over the sameAFP - 72 words
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Article85 1982-06-19 1 Reuter LONDON, Fri. The International Red Cross told Britain Argentina has agreed to give safe passage to British ships repatriating about 5,000 Argentine prisoners from the Falkland Islands. Britan said it will, however, detain Argentine commanders and special forces until an assurance from Argentina that all fightingReuter - 85 words
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Article54 1982-06-19 1 UPI MANILA, Fri. Filipino union leaders representing more than a million workers will meet on Sunday to discuss a possible nationwide general strike to protest new government labour legislation. The meeting will mark the first time the nation's major labour federations have joined forces to protest the policiesUPI - 54 words
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Article75 1982-06-19 1 Reuter TOKYO, Fri. American failure to remove a ban on the supply of equipment to a Japan-Soviet oil and gas project could harm relations between Tokyo and Washington. Shintaro Abe, Japan's International Trade and Industry Minister, said he made the request for the US lifting of theReuter - 75 words
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267 1982-06-19 1 EMPLOYER groups generally weiewM the lew style National Wages Caudl and they expert minimal problems in retaining U the wage bargaining table with their unions. Bat what pleased them mast was the prospect t( haviag separate wage increase guidelines far differeat sectors of the267 words
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534 1982-06-19 1 BERNADETTE CHOOI - By BERNADETTE CHOOI WITH expectations that US interest rates may move even higher, the US dollar soared to a 10-month high against the Singapore currency while gold continued its plunge to reach a threeyear low. In the forex markets yesterday, the American currency534 words
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Page 1 Advertisements
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Advertisement256 1982-06-19 1 <5 v.. Bookshops raasi THERE is growing speculation that the Japanese finance ministry may be forced to invoke emergency powers, perhaps by restricting capital flows, to protect the declining yen Page 2 SOME of the 55 pawnbrokers, who had a total turnover of $406 million last year, may stop operations256 words
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Advertisement116 1982-06-19 1 "Sweet Swinger" The MacGregor EYE-O-MATIC Classic. A classic wood with the famous shallow Eye-O-Matic face Automatically points out the hitting area to the sweet swinging type of happy players for deadly accuracy! With further assurance of an easy swing from the added loft The famous Eye-O-Matic classic Made from the116 words
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Advertisement38 1982-06-19 1 SINCiAPORK Are we all supply-siders now? The money tree Where recession is being felt rUTTYSARjf v> Friendship Cutty Saik ScotdiWhisky Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pie Ltd 347, Buk.it Timah Road.S'pore 102538 words
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BANKING AND FINANCE
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846 1982-06-19 2 Reuter THE JAPANESE yen is on the sick list for the second time in just over two years, victim of the US dollar's strength and a downturn in the domestic economy. There is growing speculation that the Japanese finance ministry mayReuter - 846 words
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852 1982-06-19 2 Reuter A RISE in US ijnarket interest rates over the past two weeks has encouraged speculation that major US banks may soon raise their prime rates, money market analysts said. Some of them said that the prospects are slim for an increase immediatelyReuter - 852 words
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203 1982-06-19 2 REINSURERS mut be eaasclaas af the scape they are covering, said Mr Brace Crawder, the director d Excess Reinsurance's treaty operatieas. Mr Crawder, wha was here earlier this week far the opening «I the company's Singapore sabsidlary, was reiterating the aeed far relasarers to203 words
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217 1982-06-19 2 Reuter THE five billion Deutschemark rise in banks' rediscount quotas on Wednesday is a signal to financial markets that the Bundesbank is not prepared to see German interest rates rise further, money market analysts said. Adjustment of the quotas was chosen because the US dollar'sReuter - 217 words
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Article659 1982-06-19 2 A £500 million package is being completed to finance the construction of a 1,000 megawatt super thermal power station in India's Uttar Pradesh state, UK industrial sources said. The main contractor for the turnkey project is NEI Projects Ltd, a subsidiary of Britain's Northern Engineering Industries PLC,659 words
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537 1982-06-19 2 THE Swiss bond market is likely to drift uncertainly in low volume in the coming months, bond dealers and issue managers in Zurich said. After a strong rally lasting three months from early March, apparently unaffected by trends on other capital markets,537 words
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Article237 1982-06-19 2 SINGAPORE will play host to the World Forex Junior Seminar a gathering of young, up-and-coming foreign exchange dealers in September next year. This will be the first time this seminar will be held in Asia. It is being organised by the Singapore Forex Gub and the International237 words
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MONEY AND EXCHANGES
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Article478 1982-06-19 2 THE US dollar continued to remain firm against most currencies yesterday on the foreign exchange market. Fuelled by the steady trend in the US interest rates, traders were bullish on the dollar. Against the local currency, the dollar opened firm at 552.1620/40. It then went to a high478 words
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Article107 1982-06-19 2 THE dollar for overnight delivery closed weaker in Tokyo yesterday at 253.90 yen against a 255.90 opening. They noted central bank intervention in the morning when the rate fluctuated erratically. The close was sharply lower than the 255.35/50 yen finish in New York overnight and the close in Tokyo107 words
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Article22 1982-06-19 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.08 per cent.22 words
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Article193 1982-06-19 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on June 18: US Dollar*(Spot! Offer Bid 7 days 15 3/16 151/16 1 month 15*. 15* 2 months 16 15* 3 months 16 7/16 16 5/16 6 months 16 9/16 16 7/16 9 months 16 5/16 16 3/16 12 months193 words
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Article44 1982-06-19 2 RANGE of prices offered by discount houses on June 18: Overnight: ISt Call deposits: Clofiac Buyiaf S«llia< 3-month Treasury bills 4 3% 3-month Bank bills 9* 9 i 3 months CD 9W 9W 0 months CD 9V* 9 Source: Morgan Guaranty Trust Co44 words
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Article50 1982-06-19 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 21 to June 25: Offend: $150,000,000 Applied f*r: $246,000,000. AiiQii: $150,000,000. Accepted bids: $99.02 approximately 57 per cent higher bids in full. Average rate a< disewut •a aUstmeat: 3.925 per cent per annum.50 words
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Article333 1982-06-19 2 GOLD futures in Singapore yesterday closed slightly lower across the board on higher US interest rates and firmer dollar in moderate trading. Total sales for the day, including kerbs, was 909 lots while trading on the one kilobar market was thin with only 47 lots traded, dealers said. Prompt333 words
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Article35 1982-06-19 2 Wed TIM New York 5.47B 5«B 5.54S 5 50S Zurich 5.47B 5 40B 5.57S 5.S0S Tkan We4 Singapore 5 45B 5.92B 5.5SS 6 02S Closing prices in US dollars a troy ounce Source:35 words
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Article171 1982-06-19 2 THE US dollar in Hongkong yesterday showed some recovery after its midday fall against other major currencies in quiet, late trading. Asian dollar deposit rates were the main support to the dollar, recovering to opening levels after early losses of up to 3/16 point. The dollar traded at 2.4470/4500171 words
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Article42 1982-06-19 2 Opening quotes yesterday were: US 1.7395 7405 Can 2.2455 92 Cross 1.2905 10 DMk 4 2500 75 D F1 4 7000 75 S Fr 3.6875 950 B FY Con 81 68 84 F FY 11.8100/275 Lit 2394.75 2399.50 Yen 441.10/442 4842 words
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Page 2 Advertisements
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Advertisement34 1982-06-19 2 DR YAP Ph was well km Banking anc circles of Sii He played a part in the e Chinese ban in the establ present Ove Banking Coi In these renr his childhoc t\ S34 words
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TRADE AND INDUSTRY
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405 1982-06-19 3 A LOCAL engineering company recently secured a $1.5 million contract to install hydroelectric turbine casings in Sudan. Harrick Engineering, which has sent 15 technicians to Africa for the job, said the company is currently bidding for a similar contract in New Zealand. "About 70405 words
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Article798 1982-06-19 3 SEMINARS AND COURSES June 21-25: Planning, Scheduling and Control, Ngee Ann Polytechnic, NPB June 21-25: Teamwork and Group Performance, Ngee Ann Polytechnic. NPB June 21-25: Job Training, Induction and Development, Ngee Ann Polytechnic, NPB June 21-25: Supervisory Leadership, YMCA, NPB June 21-25: Effective Communication Skill, YMCA, NPB June798 words
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Article126 1982-06-19 3 MR CWG Endacott, chief manager of Chartered Bank, was yesterday elected chairman of the Singapore International Chamber of Commerce. He replaces Mr RW Lutton, chairman and managing director of Union Rubber Brokers, who continues to sit on the SICC committee for 1982 83. Two deputy chairmen were126 words
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Article29 1982-06-19 3 NATIONAL Iron has reduced the standard payment for each scrap car from $40 to $30 because of changes made to the car parts required by the company.29 words
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243 1982-06-19 3 THE Vocational and Industrial Training Board recently bought a computer system worth $300,000 for its latest training institute, the National Institute of Commerce (NIC). About 2,000 students in the two-year accounting and secretarial courses and one-year foundation programme for office-orientat-ed employment will use the computer243 words
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Article, Illustration184 1982-06-19 3 VINCENT Chen has joined Banque Francaise du Commerce Exterieur, Singapore branch as its loans manager in charge of credit and marketing. The Singapore branch, which began operations recently, covers Asia and Australia, with emphasis on Singapore and the other Asean countries. Mr Chen holds an MBA degree184 words
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677 1982-06-19 3 LEE HAN SHIH - By LEE HAN SHIH SOME of the 55 pawnbrokers. who had a total turnover of $406 million last year, may stop operations soon because of low profit margins. "The 55 pawnbrokers here invested $140 million last year with only a pre-tax profit of677 words
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207 1982-06-19 3 PAN Malaysia Cement Works Singapore will increase production capacity by 250,000 tonnes of cement per year with the installation of a fourth cement grinding mill. Currently, the company's three cement mills give a capacity of 600,000 tonnes yearly. The completion of the additional mill, scheduled207 words
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Article52 1982-06-19 3 INCREASED demand for British duck-breeding stock from South-east Asia has led a British company, Cherry Valley Farms of Roth we 11, to set up an office in Singapore. In charge of the office is the 32-year-old technical sales manager, Mr Richard Bird, who has been with the company for52 words
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498 1982-06-19 3 PRESERVATION of Singapore's architectural heritage should be a positive exercise, integrated into the environmental development of the country. It should not be just a token exercise for the pleasure of tourists, said architect William Lim. Mr Lim, who was addressing the convention of498 words
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Article341 1982-06-19 3 THE Singapore Tourist Promotion Board is mounting a two-pronged campaign in London to sell Singapore to the British and the Arabs. On June 29, the STPB will launch its four-day Singapore Festival at the Hyatt Carlton Tower Hotel in Central London. This festival, jointly sponsored by341 words
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Page 3 Advertisements
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Advertisement148 1982-06-19 3 FLY AEROFLOT THE FAST AND ECONOMICAL WAY TO EUROPE Going to Europe for business and time is running short 7 Yes, when you are on business and every minute counts, you can rely on us. Aeroflot operates three flights weekly from Singapore to Europe on Mondays, Wednesdays and Fridays via148 words
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Advertisement48 1982-06-19 3 13 2 ★an electrifying tale of espionage and human passion ★an international best-seller written by an international author, Tom Lilley. now on sale at all leading bookshops .VV>Published by Times Books International. rrTi federal publications I/It J ew n dustrial Singapore 1953 A member of the Times Organisation48 words
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OVERSEAS
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368 1982-06-19 4 AP AMERICA'S foreign trade balance jumped back to a US$l.2 billion surplus in the first quarter of this year after dipping to a deficit of nearly $1 billion in the final quarter of 1981, the US Commerce Department said. Officials are predicting that theAP - 368 words
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258 1982-06-19 4 UPI US carmakers cannot expect a sustained recovery before autumn because of production cuts and low inventories accompanying the ending of the 1982 model year, an economic forecasting firm said. In its June forecast, Chase Econometrics said carmakers "wrote off" the modelUPI - 258 words
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803 1982-06-19 4 Reuter ARAB oil sanctions against the West to exert pressure for an Israeli withdrawal from Lebanon may be made to bite in spite of the recent glut in the world market. Oil company executives in London yesterday said a still-soft marketReuter - 803 words
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346 1982-06-19 4 Reuter REPUBLICAN budget negotiators in Washington have approved a 1963 federal budget with a U*****.4 billion deficit and a $600 million cut in foreign aid. The proposal, passed on Thursday, also included deep cuts in domestic social programmes. It was presented to a conference committeeReuter - 346 words
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292 1982-06-19 4 AFP BRITISH cloth production from cotton, man-made and allied fibres in April fell 3 per cent compared with March (from a daily average of 2,295,000 linear metres to 2,224,000 metres) and was 6.6 per cent less than a year ago (2,382,000 metres).AFP - 292 words
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240 1982-06-19 4 AP BRITAIN'S newest and most expensive warship, the 18,000-tonne Illustrious, joined the Royal Navy yesterday for six weeks of trials and then may join her sister ship, the carrier Invincible, with the Falklands task force in the South Atlantic. Its skipper. Captain Jock Slater,AP - 240 words
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202 1982-06-19 4 AP AN INTERNAL Pentagon analysis says the cost of building 100 B-l strategic bombers will be US$l billion to $3 billion higher than the $20.5 billion in constant dollars that the US Defence Department has projected publicly. A congressional source said the GeneralAP - 202 words
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Article181 1982-06-19 4 UPI CONSUMER prices in the Organisation for Economic Cooperation and Development countries rose 0.8 per cent in April, twice as much as the 0.4 per cent inflation rate in March. The organisation of 24 industrialised nations said the April rise, however, brought the 12-month rate ofUPI - 181 words
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313 1982-06-19 4 UPI GULF Oil Corp, the sixth largest US oil company, has entered a definitive agreement to acquire Cities Service Co for US$63 a share in a deal worth $4.9 billion. The pact eclipsed Mesa Petroleum Co's $45-a-share tender offer for a 15 per centUPI - 313 words
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542 1982-06-19 4 Reuter AP EUROPEAN common market steel companies are considering swapping markets and contracts to offset the effect of duties imposed on some of their exports to the US. Industry officials in Brussels yesterday said a US Commerce Department ruling last weekReuter; AP - 542 words
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Article792 1982-06-19 4 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0025 JFK/SPO/HKG CAL CI331 0350 TPE SLA SQ101 0605 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CPA CX710 1035 HLP792 words
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487 1982-06-19 5 AP THE International Develop- i ment Association (IDA), an < affiliate of the World Bank, i has approved a credit of j US$6O million to China for an agricultural project. The Washington-based IDA on Thursday said the credit will assist China's efforts "toAP - 487 words
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WORLD IN BRIEF
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Article405 1982-06-19 5 Agencies THE Philippines mining irtdustry suffered its worst loss ever last year, with 16 top companies repprting a combined net loss of more than US$l4O million. A Manila newspaper yesterday said falling metal prices and rising costs, including interest rates, were cited by industry officials as theAgencies - 405 words
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288 1982-06-19 5 AP A GROUP of American businessmen pleaded with Congress on Thursday for approval of a bill to set up export trading companies like those which have accounted for much Japanese success on world markets. Don Bonker of Washington, said he thought hisAP - 288 words
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Article384 1982-06-19 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bunga Mas 45A Leo alongside 19.6.82/2300 Dorit 35/6 Borneo alongside 19.6.82/1800 Frotamanlla 8/9 Merlion alongside 19.6.82/1500 Kim Soon Li 22 Kim Soon Li alongside 19.6.82/0700 Ned Nagasaki 3/4 Ned Eac alongside 19.6.82/1800 Ned Honshu 1/2 Ned Eac384 words
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612 1982-06-19 5 THE austerity drive by Malaysia will pare MJ6 billion from spending originally planned for the current financial year. Finance Minister Tengku Razaleigh Hamzah announced at the end of the seven-day pre-budget discussions in Kuala Lumpur on Thursday that the government would be spending $26612 words
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324 1982-06-19 5 Reuter A CHAOTIC picture of the European parliament's finances, involving missing bank accounts, signed blank cheques and lax monitoring of expenses payments, has emerged in a confidential report by the European Economic Community court of auditors. It is understood that the report toReuter - 324 words
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174 1982-06-19 5 AFP INDONESIA yesterday ordered two passenger ships from a West German shipyard to meet its fast expanding need for sea passenger transportation. The contract signed with the Schifftswerft Und Maschinenfabriek of Papenburg last April provides for one of the 13,700 gross-tonne ships to beAFP - 174 words
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143 1982-06-19 5 Reuter JAPAN'S ruling Liberal Democratic Party (LDP) will send a trade mission to Taiwan next month, the first official visit since Tokyo severed relations with Taipei to establish diplomatic ties with Beijing 10 years ago. An LOP spokesman in Tokyo yesterday said the mission,Reuter - 143 words
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Article129 1982-06-19 5 UPI B C COAL of Canada has signed a six-year contract to sell 1.57 million tonnes of thermal coal until March 1968 to Hongkong's Kowloon Electricity Supply. No sale terms of the contract were disclosed on Thursday but a statement issued by British ColumbiaUPI - 129 words
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243 1982-06-19 5 THE fall from power of Argentine President Galtieri on Thursday was caused more by his refusal to admit defeat than Britain's victory in the Falklands war. The end of Galtieri's hold on the army command, the most influential post of the military government, was243 words
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176 1982-06-19 5 AFP A DUTCH study group has accused 20 companies of "secretly" violating an oil boycott decreed by most oilproducing countries against South Africa, saying the boycott "is working far less well than it could be". In a report published in The Hague onAFP - 176 words
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Article156 1982-06-19 5 AFP JAPAN'S industrial production and shipments in April suffered larger year-to-year falls than originally estimated while the increase of inventories was also bigger. Lowering its preliminary estimates, the Ministry of International Trade and Industry said that the index of mining and manufacturing stood in April at 147.3,AFP - 156 words
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Page 4 Advertisements
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Advertisement170 1982-06-19 4 Here's Real Value for your Money! Buy a copy of Penguin's "The Art of Japanese Management? and get this month's World Executive's FKffi!! absolutely %>> i«K. ?*i nW o<^ The Art of Japanese Management has been a tremendous success in America and Britain, and the fresh and thought-provoking theories presented170 words
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Page 5 Advertisements
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Advertisement341 1982-06-19 5 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 accumulated341 words
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566 1982-06-19 6 ONCE UPON a time in the West, a woman we know was employed as a Faulter in a factory making nylon stockings. This was an important, if boring job, which involved pricking holes in the stockings to build in a defect which would ensure566 words
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Article, Illustration1246 1982-06-19 6 ARTHUR REED - British aerospace engineers have produced a fighter aircraft equipped with automatic electronic signalling instead of the mechanical control stick or rudder pedals. This article looks at the potential civilian and military uses of the fly-by-wire aircraft. By ARTHUR REED LPS EXTERNALLY, it looks like any other fighterLPS - 1,246 words
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953 1982-06-19 6 PAUL BETTS - Plentiful and cheap petrol has enabled American drivers to return to their first love the six-passenger gas guzzler. This article reports on the big car revival and explains why it cannot last By PAUL BETTS FT MOST American drivers have never really feltFT - 953 words
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Page 6 Miscellaneous
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Miscellaneous659 1982-06-19 6 TWOIHOHE CBOSSWOBD CRYPTIC PUZZLE ACROSS 4 Resist a rigid attitude to work (6) 7 Stop getting furlough cancelled (5, 3) 8 Was Harry odd in colour? (6) 10 Meat you can get a meal out of (5) 13 A stream of letters! (4) 14 Powder used in hospital clinics (4)659 words
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Miscellaneous937 1982-06-19 6 iTiVKJRWDTO SINGAPORE 5 everyday problems WHAT cm bald a swing door open long enough for a per— to pass thmgk? The solution Is simple: a sactiaa eap fitted behlad Taalght's dacameatary Uviag Temrrew (Ch 5, SJI) will foatare rimple solutions to SMM problems faced la all walks s( life. The937 words
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Article, Illustration1477 1982-06-19 7 CARLA RAPOPORT - A knock on the tennis establishment's ears from Head By CARLA RAPOPORT FT BEHIND the on-court battles of the world's tennis stars another struggle is in progress between the companies which supply their weapons. Long established groups, such as Britain's Dunlop, are under intenseFT - 1,477 words
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1040 1982-06-19 7 LESLIE WAYNE - By LESLIE WAYNE NYT IN THE go-go years of the *****, the days of soaring stocks and rampant market fever, there was no bigger name on Wall Street than Gerald Tsai, the Shanghaiborn stock picker who dazzled investors by doubling their money in oneNYT - 1,040 words
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1442 1982-06-19 7 DEBBIE TAYLOR - Old people cannot do gymnastics and never fall in love. These are the stereotypes, but what are the facts? DEBBIE TAYLOR explodes the myths of aging and offers evidence to show that the young are just as 'senile' as the old. DEBBIE1,442 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article253 1982-06-19 8 JUNE 17 Frs CORBEILLE Air-Liquide 459 -18 B S N Gervals Danone 1301 •14 C S F (ThomsonCsf) 149 -6.5 Cle Franealse des Petroles 135 50 -3 Compagnle Financier® Compazine Generale Credit Fonder De France 327 -33 Hachette (Llbralrle) 456 -12 Machines Bull 31.36 -1.15 Mtrh»lln (B) 643 -12253 words
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Article87 1982-06-19 8 JUNE 17 Fr« FORWARD MARKET Accc 419 -3 ArDed US -14 Astur 300 unch Brascan 790 unch Bru-Lamb 1310 •*■70 Can par Cock 156 -6 De Beers 185 unch Ebes 1505 -IS Electrobel 4170 -6 Ob-Inno-Bm 2545 -30 Ot* 1706 •15 Hobok 2800 120 Retro 4300 -15 Ryl Dutch87 words
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Article186 1982-06-19 8 JUNE 17 Franc* Actions Sulnn 240 5 unch AIujuLsm Br. 480 -15 Alusulue Reg IDS -3 Brown Boverl Br 886 unch Clba Oclo Br. 1345 -IS Clba Oel«y P C 1010 unch Clba Oelfy Reg Credit Suisse Br 558 -S 1C10 unch Credit Suisse Reg 322 -a ElektrowaU Br.186 words
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Article105 1982-06-19 8 JUNE 17 Lire Bulocl M •11 Bel ***** unch Cond A r q urn Roma Erldanla rial ord Vmnff 149 aaao 1540 *****0 -2 -300 -1130 -10 •130 -IS •1300 1 (Mb 2540 in Prt» Invest ILalremenu Ord 3100 2306 ***** T61 Lepelll Ord 21*30 100 Mediobanca ***** »10105 words
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145 1982-06-19 8 Reuter HITACHI Ltd expects sales to the US to rise more than 10 per cent in the year ending March 31 1983, over last year's US$l.O7 billion, Mr Kouichi Kanzaki, a senior official of the company, told a press conference in New York.Reuter - 145 words
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Article137 1982-06-19 8 JUNE 17 Fls ABN 286 50 Ahoid 81 50 -1 23*70 -0.3 AMEV 82 00 -0.5 7780 -0 2 4070 Berk 25 30 0.2 54 90 102.00 1 34 50 -0.3 2980 -03 194 00 15 Dell Mtj 99 80 0.3 125 50 25 00 Ford 45 10 -0137 words
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Article203 1982-06-19 8 JUNE 17 CS AMUbt 15** unch Alcan ao>» unch Aigom* 23--1* Bank Mont IV* -1*% Bank Nova Scotia 20-. -1* Bell Tel 18S -S Beth Corp BP Can Ltd -1H Bratcan 14 Camp Red Lake 11H Can Imp Bk 17W Canpac Canpac In* Pf Car ling CTKeefe 0 Comlnco203 words
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Article306 1982-06-19 8 JUNE 17 Rand INDUSTRIALS A Alpha )0O A bercom 265S unch AE And CI MO AMIC 1060 -25 Barlows 675 -5 Cg Sugar 1275 -25 CN A 5606 Currle Finance 200B -10 De Beers Ind Edcon Z 1450B unch Edgars ***** unch Eveready Fed Volk 325 -5 Fuglt 210306 words
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Page 8 Advertisements
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Advertisement783 1982-06-19 8 See Page 9 for NYSE prices and Page 11 for Asian stocks Where to wine, dine and entertain with the American Expresl Card c ßuffyj Thotwl The true Singapore flavour Our popular Nonya Buffet J* Luncheon at a special price. With tongue Sambal Timun, ust to name a ew Take783 words
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Advertisement82 1982-06-19 8 This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant tocrtpti rxra Penang Road. Singapore 0923 Tel: *****11 (2082 words
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RAW MATERIALS
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Article173 1982-06-19 9 CHINESE Pratfac* Exehaage, Stagapere, mm clmUr prieea per 1M kg yeaterday. CtcMit all: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers Opra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper fob Asta NLW $352.50 seUers, Sarawak white pepper173 words
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Article196 1982-06-19 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM ymr*: China Blue Phoenix 20s 2,335 32s 2,920, 40s 3,100 (per bale of 400 lbs). Piece %—4a: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article564 1982-06-19 9 COFFEE: Robusta futures yesterday were steady to unchanged at midday, as much as £12 per tonne above Thursday's close in traded positions. Dealers said the two nearest months rose slightly from opening call levels while more distant Nov and Jan eased following. Otherwise there was little feature to564 words
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Article169 1982-06-19 9 The Kuala Lumpur crude palm oil market yesterday continued easier on selling in late active trading, dealers said. In June, south dropped MJ32.50 to $830 a tonne, central 547.50 to $810 and north $42.50 to $820. In July, south and central eased 50 and $42.50 respectively to $810169 words
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Article410 1982-06-19 9 RAS prices In cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 184 00 185 00N 183 00 184 00N Int. 1 R.S.S. July 185 50 186 00 184 50 185 00 Int. 1 R.S.S. August 186 50410 words
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Article121 1982-06-19 9 NOON SSR u id SMR p ncaa ymfrrUy RA8 July Ai|u( (Carrul Mtk) Buyer* Bailor* (Forward Mth) Buyers Sellers SSR 20 (1 too pellet > 163.00 164 00N 164 00 165 00N SSR SO poUei) U».50 ***** 161.50 162 50N MRKLB J»ly Avfaat SMRCV (Tumi pallet) pallet121 words
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Article183 1982-06-19 9 WHEAT futures in Chicago on Thursday eiosed off three to 5 3 /4 US-cents a bushel after trading in a narrow range in moderate trade. Strength in the US dollar and expectations of sharply higher interest rates in the last half of the year kept futures on the defensive183 words
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Article1195 1982-06-19 9 NEW YORK STOCKS STOCK prices in New York on Thursday closed lower for the fourth straight session as investors continued to be concerned about the outlook for interest rates. The D-J industrial average remained under the critical 795 support level throughout the day, closing down five points1,195 words
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Article121 1982-06-19 9 THE STRAITS TIN price In Penang yesterday held steady at ITC floor price of M 529.15 ft kilo for the third eonseeutive dfty, dealers Mid. The bolter stock manager showed continued strong support, absorbing nearly ftll the 771 tonnes offered. The offering, despite being below Thursday's 371, was121 words
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Article32 1982-06-19 9 Rubber: June 18 Singapore: July: 184.50 cents (down 1.50 cents) Malaysia: July: 204.75 cents (down 1.00 cent) Tin: M 529.15 per kilo (unchanged) Official offering: 271 tonnes (down 99 tonnes)32 words
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Article155 1982-06-19 9 RUBBER prices in Singapore yesterday closed slightly lower with July One RSS buyers quoted at 184.50 cents a kilo, down 1.50 cents from Thursday's close. In Kuala Lumpur, the market closed slightly lower with July Int One RSS buyer quoted at 204.75 cents a kilo, down a cent from155 words
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Article323 1982-06-19 9 SINGAPORE: Yesterdays 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 0.90, 100 per cent third class 0.82, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.323 words
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257 1982-06-19 9 LITTLE can be said as trading continued within narrow limits following last week's quiet scenario, with new features lacking Holiday, Cutler, Bath and Company said in its review for the week ended June 17. Levels closed one cent higher finally, despite some softness in London,257 words
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Article123 1982-06-19 9 SOYBEANS showed a weak tone at the close, down 10'« to 12' 2 cents a bushel, after trading in a narrow range. Weakness in precious metals and other markets and that interest rates will rise in the last half of 1982 created a deflationary market sentiment and kept futures123 words
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Page 9 Advertisements
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Advertisement578 1982-06-19 9 <r K r JZ I# CZ2 H 0* > u> a o z S H H OS < s z a. a GC Z s OS *51 s w o cu < a 2 HH c/: hi w H 0 ffi < -3 1 M PS o z < X578 words
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1329 1982-06-19 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 A COMMERCIAL Acini (3.165)1,329 words
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Article193 1982-06-19 10 SINGAPORE UNIT TRUST (Maaagers' price* tor Jaw t 21) The Commerce 2.76 2.90xd The Savings Fund 1.57 1.65 S'pore Prog Fund 124 1.30 S pore Sec. Fund 1.91 2.01 S'pore Invest Fund 1.00 l.OBzd S'pore Equity Fund 1.19 1.25 ASIA UNIT TRU8T (Ms—gees' prtees tor J—e 21) Mai193 words
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Article2827 1982-06-19 10 Gr'» Grt Net 1982 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Acma 316cd unch 21.7 0.8 6.8 30.6 5 316 316 Alcom 115 3.7 0.5 35 95.8 233 172 Allied Choc 1822,827 words
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Article1570 1982-06-19 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. INDUSTRIALS Acuta (3.448) (1) 3 46 (2) 3 50 (2 OTP kkmm1,570 words
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Article260 1982-06-19 10 IPOH Garden Berhad: Eighteenth AGM to be held at Suite C22-24, 2nd Floor, Pekeliling, No. 2 Jalan Pekeliling, Kuala Lumpur on June 19 at 11 am. NEGRI Sembilan Oil Palms Berhad: Fiftienth AGM to be held at 2nd Floor, Wisma Bintang, 47-49 Jalan Bukit Bintang, Kuala Lumpur on260 words
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835 1982-06-19 10 DISMAYED by weak «verse as markets, especially New York, Investors decided to stay away from the Singapore stock market yesterday. T7»e Held was left to sellen wha damlaated trading right from the opening hell. While several counters closed with double-digit losses, there were still835 words
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Article521 1982-06-19 10 SHARES remained generally easier at the Kuala Lumpur stock market yesterday as trading conditions turned more subdued. Except for a few selective spots in the industrial sector, which experienced fairly active trading, most counters were hardly traded. Analysts felt the general withdrawal of interest yesterday521 words
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COMPANY NEWS
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Article1012 1982-06-19 11 Cuireot Ex Books Date Total far Total for Payment Date Close Payable the year Previous y< Arm* 5% Jun 30 Jul 7 Jul 21 21.7% 14.5% (a) B Sembawaag 35%(f) Jul 23 Jul 30 Aug 16 35% 20% B Ray* 5% May 20 Jun 1 Jun 24 5%1,012 words
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688 1982-06-19 11 DAVID CHOW - By DAVID CHOW PERMODALAN Nasional Bhd's portfolio of investments will swell to a staggering M 53.7 billion once it completes its partial takeover of Harrisons Malaysian Estates. As at the end of last year, these totalled $2.4 billion at cost, with a market688 words
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Article300 1982-06-19 11 IDRIS Hydrnnlle Til, which is currently the torget of takeover bid by Pennodalan Beraatu Bbd, a wholly-owned subsidiary of Koperusi Unka Beraatn Malaysia, has reported a net loss sf £275,155 tor the year ended Dee SI, IKI the first such deficit in quite a while.300 words
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923 1982-06-19 11 Market Talk... THE relatively gloomy economic news in Singapore and more significantly in Malaysia is likely to weigh heavily on the attitude of investors towards investment in the stock market, says London broking firm Simon and Coates. In its latest monthly review, it923 words
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Article430 1982-06-19 11 WITH the timber market remaining slack, Norsechem (M) Bhd, a producer of glue and synthetic resins for the Malaysian woodworking industry, does not expect any exciting prospects this year. The new chairman, Datuk Mohd Salleh bin Yusof, says in the annual statement that the future of the timber430 words
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ASIAN STOCKS
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Article419 1982-06-19 11 HONGKONG STOCKS in Hongkong yesterday eased once again to close at their lows after a shortlived recovery around midday. Prices started lower in line with Wall Street's close, but recovered towards midday when the US dollar fell sharply. Trading was nevertheless quiet throughout the day. The Hang419 words
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Article478 1982-06-19 11 SHARE prices in Tokyo yesterday ended narrowly mixed on balance, having recovered sharply from raorning losses in response to the yen's upturn against the dollar. Overall, the market average fell 2.55 point to 7,127.70, the fifth consecutive day's decline which gives a fall this week of478 words
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Article110 1982-06-19 11 THE Manila market yesterday was mixed. JUNE 18 Peaos It PhU Hides 5 00 -0.3 Acoje Mining 0022 0.0001 Anglo Phil 008 unch Apex Mining B AUm Con B 15.40 0.1 Bagulo Ooid .0015 unch Bade Petroleum 0145 0.0005 Benguet Con B mrp 31 1 45 175 unch Lepanto110 words
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Article158 1982-06-19 11 SHARE prices in Bangkok yesterday closed slightly higher and turnover improved in inactive trading. The Book Club index rose 0.47 point to 92.85 on turnover of 8.6 million baht. JUNE IS Bahu Aokham Thai Asia Fibre Ajruthaya Inv And Trust Bangkok Bank Bank Of Ayudhaya Ltd Bata Shoe Berll158 words
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Article436 1982-06-19 11 THE Sydney market yesterday moved easier following the overnight downturn on Wall Street and the setback for the international gold bullion price. The All Ordinaries index fell 4.3 points to 469.6 and the industrial index 0.1 to 637. The resource measure shed 7.6 points to 334 and the metals436 words
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508 1982-06-19 11 THE Malaysian government's austerity drive and the depressed conditions of the tin market are not likely to affect the development of Kuala Langat tin deposits by Kumpulan Perangsang Selangor (KPS) and Malaysia Mining Corporation. Although there has been a delay in starting508 words
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Article143 1982-06-19 11 OLYMPIA Plywcad aid Timber Predicts has given the names of the other 10 shareholders holding the balance of six million scares of Sabakaya Properties share capital of M$8.3 million. They are Chan Wah Long (864,000 shares), Chan Wah Shin (480,000), Thniah Yew Teng (540,000), Tee Heng Joo (792,000),143 words
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Page 11 Advertisements
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Advertisement135 1982-06-19 11 Philips' ILLUSTRATED ,i 37" tv kmwfs iiifiia ATLAS i 'Mil hi> KM ■•r-r* u« r i»J <r- i *F ([•■([4l4Ml •Ji fli t >• e I KmJH®iJ^V| !A\ AV-^ ',M\. Limited copies! POST TO DA Y for your copy ■991 Mail Order Division h.tc PPI FEDERAL PUBLICATIONS E fgPM P.O.135 words
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Chief Price Changes
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Article160 1982-06-19 12 Rises Guthrie K L ladmlrix En Yu Su( Tu Cboag OUT Milli-ParpoM Ipoh Garden Veneer Prod N B T Sigma Metal 300 354 250 304 312 254 220 1M 1M 130 20 14 5 4 2 2 2 1 1 1 Falls C Sugars M Cables AJ E O160 words
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Article, Illustration164 1982-06-19 12 Rises KLInd 382 10 Multi-Purpose 279 +6 Lion Corp 195 +5 Falls Taiping Con M Cables 430 250 i -20 -18 H L Ind 725 -15 UMW 322 -14 Sel Dredge 400 -10 Rah Hyd 432 -10 Kucbai 480 -10 HL Credit 560 -10 S Trading 610 -10164 words
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Article50 1982-06-19 12 FINANCIAL TIMES INDUSTRIALS Thursday 568.4 Wednesday 988.5 Week Ago 578-5 Friday 1305.38 Thursday 1319.08 Week Ago 1336.98 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 791.48 Wednesday 786.90 Week Ago 798.71 Friday 637.0 Thursday 637.0 Week Ago 644.5 ALL ORDfNARIES Friday 469.6 H.K.HANG SENG Thursday 473.8 Week Ago 487.150 words
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Article811 1982-06-19 12 LONDON, Fri. The fortnightly account closed on an easier note after a quiet session, dealers said. At 3pm, the Financial Times index was off 2.9 points at 556.5. The weakness reflected continuing concern over the higher trend in US interest rates and domestic industrial unrest, including action in811 words
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Article250 1982-06-19 12 HOTEL Grand Central has turned in fairly satisfactory results for the year ended Dec 31, 1981. Yesterday, the hotel announced group pre-tax profits of $1.72 million, 14.6 per cent higher than the previous year's $1.50 million. The group, which operates a 365-room hotel just off250 words
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Article586 1982-06-19 12 ineii Companies Editor: Mano Sabnani THE KUALA Lumpur Stock Exchange has called on the Malaysian government to sell it a piece of land at a nominal price to enable it to construct its own building. Acting KLSE chairman Mr Jimmy Tan Soo Sum said586 words
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Article220 1982-06-19 12 MAGNUM Corporation Bhd is keeping its shareholders and the business community in suspense over the appointment of a new chairman to replace Datuk Khoo Kay Peng. A Magnum director contacted by Business Times in Kuala Lumpur yesterday said a decision will not be made until at least220 words
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547 1982-06-19 12 BOUSTEAD Holdings' acquisition of the remaining shares of Barlow Boustead Estates Agency (BBEA) will contribute positively to its future profits. In a circular to shareholders, the group's directors have forecast a rise in the enlarged Boustead's pre-tax profits (before extraordinary items) to at least547 words
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213 1982-06-19 12 VENEER Products Ltd, which has been diversifying from its traditional wood manufacturing activities in recent years, has reported a $261,000 loss for the year ended Feb 28, 1982, compared with a previous $315,000 loss. As the group has been phasing out its213 words
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COMPANY BRIEFS
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14 1982-06-19 12 have passed all resolutions at its AGM on June 15.14 words
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Article17 1982-06-19 12 has appointed Oei Hong Leong as alternate director to Lee Kim Yew on June 16.17 words
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Article31 1982-06-19 12 said all resolutions were passed at its annual general meeting on June 18. Its dividend of 6.25 yen per share will be paid on or after June 19.31 words
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Article674 1982-06-19 12 wma by HOCK LOCK SIEW THERE has been a smooth, almost unnoticed change of guards on the board of TDM Bhd (formerly known as Trengganu Development and Management) to reflect a change in owners of the company. The last to go was Abdul Ghafar Baba, who resigned asby HOCK LOCK SIEW - 674 words
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Article93 1982-06-19 12 AP NEW YORK, Fri. The stock market declined broadly this morning, encountering more selling at its lowest levels in more than two years. The Dow Jones average of 30 industrials dropped 2.29 piints to 789.19 in the first half hour. Losers took a 2-to-l lead over gainersAP - 93 words
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Page 12 Advertisements
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Advertisement341 1982-06-19 12 I H Jia Eneydot Britannica 3 andgive yourself and your family the Britannica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.)341 words
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Page 12 Miscellaneous
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Miscellaneous56 1982-06-19 12 IWiEATHER I OUTLOOK for Singapore today: Fair and warm. Report for 24 hours prior to 7.31 pm on Jane 18 at the airport: Maximum temperature 32.0 Associated humidity 63 Minimum temperature 26.2 Associated humidity 90 Hours of sunshine 9.65 Rainfall in millimetres Nil Total rainfall for the month 54.1 Total56 words
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