The Business Times, 17 July 1982
1982-07-17
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The Business Times
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Title Section11 1982-07-17 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JULY 17, lKt 60 CENTS11 words
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382 1982-07-17 1 LOH HUI YIN - By LOH HUI YIN TO CURB the decanting of liquefied petroleum gas (LPG) or cooking gas, Esso is introducing security valve seals for its Essogas cylinders. Decanting is the illegal transferring of cooking gas from a large cylinder into smaller cylinders. An Esso382 words
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219 1982-07-17 1 WORRIES over the economic outlook, especially for Malaysia, drove prices broadly lower on the Singapore stock market yesterday in generally quiet trading. The closely-monitored Straits Times Industrial Index was taken to its lowest level this year as double-digit falls were recorded by seven219 words
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558 1982-07-17 1 LIM SOON NEO - By LIM SOON NEO SEAGATE Technology of the United States will invest some $50 million here over five years to make Winchester magnetic rigid disc drives used in small computers, word processors and intelligent terminals. Investment in the first year is expected558 words
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Article427 1982-07-17 1 JOHN LIM - By JOHN LIM AGFA Gevaert, a leading West German make of photographic film and paper, appears set to take a bite out of the "Kodak paper" market in Singapore. Local agent East Asiatic has teamed up with Singapore Colour Centre (SCC) to promote the use427 words
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322 1982-07-17 1 THE growing acceptance of Post Office Savings Bank's automated teller machines is one of the major factors behind its plan to set up a branch served only by these machines. Last month, the number of transactions handled by its €1 "Cash-On-Une" tellers was322 words
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BRIEFLY...
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Article79 1982-07-17 1 THE Development Bank of Singapore will reduce its prime lending rate by a quarter percentage point to 10.25 per cent from Monday. Interest on its fixed deposits, savings and autosave accounts will be reduced by half a point. Its savings rate will be 8.5 per cent79 words
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Article68 1982-07-17 1 Reuter A SPOKESMAN (or the French external relations ministry categorically denied that France had signed a secret agreement with the Soviet Union over the construction of a natural gas pipeline. He said an agreement on the pipeline was signed with the Soviet union in 1980 hut itsReuter - 68 words
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Article65 1982-07-17 1 Reuter AN IRANIAN economic delegation has arrived in Belting, the first to visit China since the ova-throw of the Shah, a Chinese foreign trade ministry spokesman said. The 18-member team, led by Abbasali Zali, first deputy minister of agriculture and rural affairs, will investigate possibilities forReuter - 65 words
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Article83 1982-07-17 1 Reuter PERSISTENT overspending by Britain's local authorities may force the central government to seek even greater powers over their finances, UK Treasury Chief Secretary Leon Brittan said. He issued the warning in a speech released in London for delivery to the Society of Local Authority Chief Executives in York.Reuter - 83 words
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Article99 1982-07-17 1 AP SOVIET Gas Minister Vastly Dinkov has reasserted that his country can use its own technology to build a gas pipeline from Siberia to Western Europe by 1964 in spite of US sanctions. The pipeline is one of six planned Siberian trunk lines that Dinkov said theAP - 99 words
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Article92 1982-07-17 1 Reuter THE Confederation of British Industry (CBI), Britain's largest employers' organisation, has renewed its appeal to the government to set tq? an early warning system to monitor the flow of imports from Japan. Sir Terence Beckett, directorgeneral of the confederation, said he told Trade Secretary Lord CockfieldReuter - 92 words
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Article69 1982-07-17 1 Reuter BRITISH inflation fell to 9.2 per cent in June, its lowest level for over three years, in what the rightwing government saw as another nccess for its monetarist poUcy. The figure compared with die 9.5 pel cent rise in retail prices in the 12 months toReuter - 69 words
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245 1982-07-17 1 THE National Ceoaputer Board (NCB) Is sOfltag the growth af the Mftware lag director af 8D Ceoaputer fly stums, a subsidiary af the Sum Darby group. wti—<st mmmĔm teadors, the NCB has ahewn iwhwsMs for Sbgnpore Compiler flj slums Pte Ltd (SCS), a245 words
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380 1982-07-17 1 SON TIANG KENG - By SON TIANG KENG TWENTY businessmen from Singapore and other Asean nations will go to California in September to seek franchise rights for goods and services ranging from fast food and beauty salon to computer software and bank vault security. They will stay380 words
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Article125 1982-07-17 1 UPI AMERICAN wholesale price Inflation, fed by petrol price rises, zoomed from zero in May to a 13.3 per cent »nm«i rate in June, the biggest jump in 15 months, the US Labour Department reported yesterday. The producer price index shot up a full one perUPI - 125 words
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Page 1 Advertisements
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Advertisement239 1982-07-17 1 5* >11 KrCl *11 Editorial page I ams_ ANOTHER of the Big Four local banks has made it to the world's top 500 list in terms of assets Page 2 DAINIPPON Ink and Chemicals is embarking on the first phase of its expansion programme in anticipation of increased demand Page239 words
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Advertisement93 1982-07-17 1 "Sweet Swinger The MacGregor EYE-O-MATIC Classic. f 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 furtner assurance erf an easy swing from the added loft. The famous Eye-O-Matic classic. A Made93 words
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Advertisement47 1982-07-17 1 The Singapore s Straits Business Times World DIRECTORY at your Fingertips Singapore (Buku Merah) \`++=\``(@{%{|/_[@="^>@'?!,"}`< v. m SjTSJ! m ss: -nr, a \V V GittySark SartdiVVhisky Distilled, blended and bottled in Scotland. ~j.X K J Sok Agent: Hock Tong Bee Pte Ltd V347,Bukit Timah Road, S pore 102547 words
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BANKING AND FINANCE
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464 1982-07-17 2 Reuter A CUT in Hongkong prime rates is in the offing because of lower overseas rates, high liquidity in the banking sector, a strong Hongkong dollar and a firm exchange rate index, bankers and analysts in the British colony said. They said theReuter - 464 words
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Article306 1982-07-17 2 Reuter FEDERAL Deposit Insurance Corp (FDIC) chairman William Isaac said the problems of Oklahoma City's Penn Square Bank were the resnlt of "shoddy, speculative banking practices and not due to the recession or to declines in energy prices". He told the House banking committee: "The problemsReuter - 306 words
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127 1982-07-17 2 Reuter NATIONAL WMMMv Bank PLC has had to end a deCaalt m a USfIS srfUtoa Bareeredlt far Baaea task*» aettsa beeasaeU? The MMfcad Mglarty torMliati."' 1 far the twa five-year ISaas) stfwr haaksl sm'mm! isSi rip Mart year aad Midland Ce-lead gar toReuter - 127 words
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990 1982-07-17 2 BERNADETTE CHOOI - By BERNADETTE CHOOI ANOTHER of the Big Four local banks made it to the world's top 500 list in terms of assets less contra accounts. The Development Bank of Singapore, with assets growing by 44 per cent to over US$4990 words
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MONEY AND EXCHANGES
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Article501 1982-07-17 2 FOREIGN exchange traing continued to be dull and quiet yesterday as it had been during the week. Bankers were not taking up new positions as they awaited the announcement of the US money supply figure due to be released last night in New York. Dealers expected the level501 words
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Article162 1982-07-17 2 THE US dollar was steady against mast major currencies yesterday after trading quietly throughout the day. investors refrained from taking positions ahead of the latest US money supply figures. The dollar advanced to 2.4950/10 from an* early 2.4830/37, above New York's overnight flnMi of *****/00, but edged down to162 words
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Article23 1982-07-17 2 THE Mern|« rate at which major Singapore hanlu are currently prepared to lend to their heat cue toner* is 10.90 per cent.23 words
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Article175 1982-07-17 2 ASIAN ASIAN currency deposit interbank rates as at close on July 16: UgPiSr^gpQ 7<Uys 13* 11* 1 month 145/16 14 VIS 2 month* 14 11/*****/10 3 month* 14 19/*****1/16 0 month* 199/16 199/16 8 month* 193/16 191/16 12 month* 193/16 191/16 Dm. IvJn. /IflXJL Pili 1 month |MHI rnMC) 9175 words
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Article46 1982-07-17 2 RANGE of pitas ofler ed by dlscount tain inMjrtt: Ovcnrigfet :0% Call depot Us: 4ft CMb« 3- month Mfct Treasury bl Ills 3 13/16 311/16 3-month Bank bills 8 9/If 7/16 3 months CD IVlf 3/16 e months CD 1 •1* Source: National Discount Co46 words
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Article71 1982-07-17 2 THE DOLLAR held steady hi quiet early trading yesterday, with the markets transfixed by the w|iwlwl release of US money supply data, dealers said. After about 45 minutes of trading, the dollar was quoted at 24N0/4I marks, off slightly from an opening 2.4955/(3, but up from Thursday's 2.4M5/30 dose.71 words
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Article248 1982-07-17 2 GOLD futures turned firmer In the afternoon on weekend covering after a weaker opening on the Gold Exchange of Singapore yesterday. However, the market still closed lower on balance compared with overnight levels. Trading was moderately active with sales recorded at 405 lots and kerb volume 212 lots. Prompt248 words
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Article33 1982-07-17 2 New York 6.33B (.428 6 40S C.«S Zurich (4*B 6.42H (MS 6.S2S M 11m Singapore 4.308 6.40B (.406 UC Ondag price* in US dollar* a troy ounce. Source: Credit Suisse, S'pore.33 words
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Article122 1982-07-17 2 THE DOLLAR for overnight delivery yesterday closed little changed at 256.25 yen from the 256.30 opening, after trading quietly throughout the day. Trading volume was a light US$525 million, the lowest for any day so far this year, and compared with the all time high of $2.20 billion on122 words
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Article51 1982-07-17 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from July 19 to 21 and July 23: Olleted: $110,000,000 Appted far: $348,000,000. AHatted: $110,000,000. Accepted Mds: $89.11 approximately 85 per cent; higher bids in full. Average tale sf ftnart m alhtmat: 3.555 per cent per51 words
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Page 2 Advertisements
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Advertisement22 1982-07-17 2 Shop at Melwanfs Specialists' Centre and enjoy up to 70% savings July 17-July 25 WlolwanVs G26-27, Specialists' Centre. Tel: *****54. OPEN SUNDAY22 words
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Advertisement109 1982-07-17 2 BUSINESS OPPORTUNITY INTERNATIONAL TRAINING MANAGEMENT CONSULTING GROUP The Fortune Group is an International Training and Management Consultancy with affiliated operations in Australia, New Zealand, Canada and the United States. We are currently providing services to a number of companies with operations in Singapore and Malaysia, and therefore are looking to109 words
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TRADE AND INDUSTRY
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Article, Illustration353 1982-07-17 3 THE HOUSING and Development Board plans to build at least one garden in each satellite town. The latest to be built is the Woodlands Town Garden, which should be ready by the end of next year. The first two gardens are in Toa Payoh and Ang353 words
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520 1982-07-17 3 WONG MAI YUN - By WONG MAI YUN THE traditional "xirfu" or master craftsman approach, which still exists among many local metal and electrical work shops, must be changed to suit new conditions. This was stated by Dr Wong Kwei Cheong, Minister of State for Labour and520 words
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303 1982-07-17 3 Richard Seah - Richard Seah CURRENT efforts to serve energy in buildings are not directed at the core of the problem, which is the equipment used. This is the view of Mr Ingvar Nielsson, a local manufacturer of refrigeration and air-conditioning units. Mr Nielsson is303 words
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Article201 1982-07-17 3 THE National Productivity Board has released the third issue of Productivity Digest, a bi-monthly publication on productivity. The issue highlights certain aspects of productivity improvements such as quality circles, productivity schemes and participative management with special reference to the German and Japanese experience. An article on "The knowledge-obsessed201 words
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158 1982-07-17 3 THE POLYTECHNIC of Central London has conferred the title Professor Honoris Causa on Mr CC Kee, chairman of the Ngee Ann Polytechnic Council. The title shared only by four persons in the world was conferred on Mr Kee on June 24. Mr Kee was158 words
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384 1982-07-17 3 LEE HAN SHIH - By LEE HAN SHIH SIME Darby Bhd is investing at least $15 million to build up its computer subsidiary into the biggest system bouse in the region. SD Computer Systems (SDCS), its Singapore subsidiary, was formed in July this year. The company,384 words
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275 1982-07-17 3 KOH TSE YING - By KOH TSE YING DAINIPPON Ink and Chemicals (S) Pte Ltd, a Japanese producer of printing ink and chemicals, is embarking on the first phase of its expansion programme in anticipation of increased demand. Although the current demand is somewhat sluggish, managing director Mr H275 words
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Page 3 Advertisements
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Advertisement100 1982-07-17 3 9 j) Today, United Overseas Bank opens a new branch at Unit No. 100, Blk. 721, Clementi West Street 2, Singapore 0512 (TH: *****33), bringing you our wide range of fully computerised banking services, including our 24-hour UniTeiler banking, sale of gold and 1,028 safe deposit boxes for rental. The100 words
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OVERSEAS
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597 1982-07-17 4 AP, UPI A SECRET French agreement with Russia (loomed a US effort to form a solid front of European allies to limit credit to the Soviets. A high US defence official said on Thursday American authorities were stunned when the French toldAP,; UPI - 597 words
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227 1982-07-17 4 UPI CANADA'S economic crisis, the worst since the Great Depression, has claimed more than 6,300 new victims in the public service, mining, manufacturing and even horse racing sectors. The new layoffs push Canada's unemployment numbers to 1.3 million people—or 10.9 per cent the highestUPI - 227 words
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652 1982-07-17 4 NYT US CONGRESSIONAL Democrats have charged that the Interior Department mismanaged the biggest sale of federal coal leases in history and may have deliberately undervalued the coal to try to ensure the success of the sale. The charges, made at a hearingNYT - 652 words
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215 1982-07-17 4 WEST German Economics Minister Otto Lambsdorff said AEG-Tetefunken relinquished safeguards against US sanctions In a turbine licence agreement with General Electric. He said AEG's legal adviser Dieter Reichert's accusation on radio Wednesday that German companies lack clear backing from the government to defy the215 words
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Article143 1982-07-17 4 UPI THE US Senate has voted unanimously to confirm George Shultz as the 60th Secretary of State. The Senate approval came on Thursday. The new Secretary of State is expected to be sworn in quickly, possibly in a White House ceremony. During debate before the vote,UPI - 143 words
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529 1982-07-17 4 UPI, Reuter THE West German economy Is expected to recover moderately by next year, spurred by lower inflation and increased export demand. The OECD said in its semi-annual economic survey that Germany will continue to see persistently high unemployment and ■higgfahUPI,; Reuter - 529 words
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240 1982-07-17 4 UPI THE author of the flist critical Iwwfc on the Falkland Islands war has slipped out of Argentina after being tipped off by two generals that he might be on a bit list Roberto Roth, a former prrsHmtlnl aide and author of After theUPI - 240 words
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474 1982-07-17 4 Reuter, AP THE European Community has accused Washington of exaggerating the effects its controversial subsidies have on steel exports to the US. Speaking before the General Agreement on Tariffs and TTade (Gatt) in Geneva, community officials argued the US used special accountingReuter,; AP - 474 words
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Article375 1982-07-17 4 UPI DOME Petroleum Ltd will build a US$l.7 billion natural gas liquefaction plant and pipeline on British Columbia's north-west coast to export natural gas to Japan, Energy Minister Robert McClelland said. The project, known as the Western LNG Project, led by Calgary-based Dome also includes NICUPI - 375 words
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Article671 1982-07-17 4 ARRIVALS Service Local Operator Nuber Use From MAS PAA FT CAL SIA MAS MAS RBA MAS SIA CPA SIA GIA MAS THAI SIA GIA SU MAS MH15A PA005 FT71 even SQ101 MH671 MHfflO BM21 MH651 SQ201 CX710 SQ103 GAM MH8U TG403 SQ191 GAMQ SQ105 MH682 0020 0025671 words
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385 1982-07-17 5 AP KONOSUKE Matsushita, one of Japan's economic giants, said both American are to blame for trade friction between the two countries, but the friction to only temporary. The Japanese have been too greedy, the founder of Matsushita Electric Industrial Co said, and the AmericunsAP - 385 words
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Article174 1982-07-17 5 AFP JAPAN said it has developed semiconductor chips to amplify directly optical signals which weaken in the process of optical fibre transmission. The governmental Nippon Telegraph and Telephone (NTT) Corp said the success was an unprecedented treakthrough in development of highspeed optical logic circuits for use inAFP - 174 words
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WORLD IN BRIEF
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Article341 1982-07-17 5 Agencies INFLATION held steady on the average in Western industrialised nations in May, rising 0.8 per cent, the same rate as in April and leaving the annual Inflation rate unchanged at 8.4 per cent. "The 0.8 average May Increase in consumer prices was concentrated in North America largelyAgencies - 341 words
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Article385 1982-07-17 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Bolesl&w Rumlnskl Bonastar Kim Soon Li King Bird Kota Jade Rledersteln Timber Royal Sankou Maru Barber Taif Centaur Cherry Mania Dlnna Skou J as tarn la Bor Jenson IV Lampung Mega Taurus Ned Honshu Nebtune Sardonyx Rab385 words
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333 1982-07-17 5 Reuter THE US smhasssdor to Beijing has been Instructed to tell China the US will continue to sell defensive arms to Taiwan, Senator Barry Goldwater said. Goldwater said he had m m m Men iniorroeo oc ims earlier on Thursday by the prssiReuter - 333 words
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454 1982-07-17 5 AP, Reuter UK PRHCE Minister Margaret Thatcher has rejected opposition rtemsnrts that she intervene la Britain's rail strike to avert a total risitdown at traia aa vines next (My a return to work by striking train fnglmmi. she told the House of Commons,AP,; Reuter - 454 words
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Article465 1982-07-17 5 UPI, AP UNITED Auto Workers president Douglas Fraser thinks General Motors and the Japanese carmaker Toyota are serious about a proposal to build cars together at GM's vacant Fremont, California, assembly plant. Mr Fraser also said the outlook for the US car Industry for the restUPI,; AP - 465 words
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176 1982-07-17 5 Reuter US industrial output fell sharply last mouth, adding to fears that the recession may not yet have run its course. The news that industrial production fell 0.7 per cent in June, which followed a number of other disappointing economic reports in recent weeks,Reuter - 176 words
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191 1982-07-17 5 Reuter CRUDE oil prices edged slightly higher on Thursday in the non-contract spot market in London but the escalation of the Iran-Iraq war did not spark a rush to buy, dealers said. Saudi Arabian light crude oil, a better quality grade that setsReuter - 191 words
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Article125 1982-07-17 5 AP AN ESTIMATED two million toads marched into a South China commune two months ago, held a five-hour "convention", and then disappeared, a Shanghai newspaper reported. The Wen Hui Bao said two big toads came up on the bank of a fish pond and stood still thereAP - 125 words
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Page 4 Advertisements
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Advertisement76 1982-07-17 4 Remember The Conference That Left You Breathless? Imagine, there were so many things to think of when organising your company's convention, you were practically breathless. If not for the competent advice and assistance of The Merlin hotel staff, you would have been really confused. Everything went off so well And76 words
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Page 5 Advertisements
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Advertisement257 1982-07-17 5 /6 mail L i Gf -4/ _i ii :Al. _Lli_ jjLl j ULL JIH t j > (»5 < n < i i I V :i J iiL ILL J (1) m c )i i ii ii i. k V ■V. Illustrated: Riviera Sports Watches Quartz accuracy topped with scratchproof257 words
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Article517 1982-07-17 6 A COFFEE SHOP in Serangoon, mid-afternoon. Clean and tidy, only a few customers. The woman owner has tfm<* on her and is using it to seal chopsticks in those little bags. The oags come packed flat, the chopsticks are in a box. The woman picks517 words
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Article192 1982-07-17 6 THERE ARE instances when observation and patience are wise but there are also times when prompt action must be taken for to wait would not only be a sheer waste of time but a costly affair as well. And when it is a question192 words
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Article, Illustration1055 1982-07-17 6 ANTONY THORNCROFT - Primitive in its contact with TV but advanced in its concern with art By ANTONY THORNCROFT FT NORWAY, like many null countries, suffers from an inferiority complex about the arts. Rather than revel in the centenaries and suchlike of its three great sons, Ibsen,FT - 1,055 words
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Article, Illustration486 1982-07-17 6 AIS SCIENTISTS from Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) in Tasmania have developed a "living pesticide" which they hope will kill many insect pests and reduce the number of chemical sprays now in commercial use. The water-based insecticide spray, which containsAIS - 486 words
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Page 6 Miscellaneous
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Miscellaneous458 1982-07-17 6 CRYPTIC PUZZLE ACROSS 4 Hie outside right, I see, aeons thus (Or a hat-trick 7 One shown no favouritism t It's made by mountaineers and perfumiers (6) 10 A wan old coin? (S) 13 Bring pots, they're a lot leas than nice (4) 14 A dance Hal may get out458 words
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Miscellaneous384 1982-07-17 6 TtffKi SINGAPORE 5 KABLMABXIi Agt Ml«, KJIp«). Man Mi Prleirleh Pregnane k«it Jiha Ihi rlee aai the «Wb ef the UhM seclety wklek feMkltftaklM. iiathw unifiH with mM taeltttetefe l m Plak Putfeir Maaclßl MiMk Ike Uautoi lyapltiy Or(Mm li ■■hwiiMi wklek lieliMi tkißN like •ettleatar OtlMtlM, Iter Trek, 3.00384 words
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Article, Illustration870 1982-07-17 7 BRIAN FLANAGAN - BRIAN FLANAGAN on the coming Commonwealth Games BRIAN FLANAGAN AIS IF MEDALS were awarded (or excellence it could be argued that Brisbane has won the first gold of the Twelfth Commonwealth Games. The race to plan, build and test venues acceptable (orAIS - 870 words
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Article, Illustration721 1982-07-17 7 AIS BRISBANE'S Griffith University and the Mount Gravatt College of Advanced Education will conduct a course in international relations during the Commonwealth Games. For a month, from Sept 12 to Oct 19, they will become the Games Village with accommodationAIS - 721 words
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Article, Illustration885 1982-07-17 7 RUPERT CORNWELL - •y RUPERT CORNWELL FT IS NOTHING sacred any longer? Resigned tourists in Rome must have watered earlier this year, confronted by the spectacle of red flags and rousing revolutionary music Issuing from loudspeakers rigged up outside the Rirnlsinr and Grand hotels, two of the mostFT - 885 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article142 1982-07-17 8 JULY IS r»i ABN 2IBM 4 ADOM u 0L» mm 41 AMR V gui ■M Am fa* ma* Am robot mm -L7 ST" ZZZ mm Boll MM +41 BonumlJ M Bufboaoo ZZZ MM ■U Calimf KM ♦U CalvtOilft mm ♦M Dell fti|| mm -U out •1 Fokker M-K -u142 words
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Article145 1982-07-17 8 JULY IS m CORBKILLK AJr-UauM* OfcM •AS UK .j car CM). (ThMHWHUM ♦At <SF 4m r sa:_ MAM iU San Coof rate end* Da Pi ywdK Ml 1 Hmcka Ma WctfUa «M MlM m -A ♦AM •A M Mytypa U-- (IhOw HI ISAM ♦a M MM ♦A« ■fa S145 words
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Article42 1982-07-17 8 JOLT IS Da KM Aag-TMtfunkaa 1 il mmmmm ■MT kimat ■sr 1MM -t( MM* H« ma rn.it -u DrataehcBaak UUI wmm -l m il HUI until SS*f |r KaMBafc lllJi -Ll MM IMjM Kmufhof KHO mm «Mk mum- i 1>J '.^142 words
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Article56 1982-07-17 8 POSWABO MAKKET lot «K -I ii* Aft- m ■w-ui»n ian ■4 •a Pmnrw OorS IM D» hm M Wbm MM -1 -m Ob-Inno-Bm Mi Ot* I'M ♦w Hobak m IM Dutch MM SMro im Sac On Bai( Iia mm mm Sotma A MM ♦m -a -a CASH MARKET AaarOra56 words
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Article83 1982-07-17 8 JULY It r m ♦L tSSXStirzr: miMpk. ate (More CMOMta. m m M> rns MS M ♦w ft u ti CMHMMft MKMMhf aiLni rfrchf T M m M M Ihr* Br n« Ml Mi •1 ■"ST?"**' s. M Motor OilLMMll Ml Ml owftntoB r Mi M audoiBr. ■■r ♦i83 words
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Article46 1982-07-17 8 JULY II L Jra M.T ■m CWnhM OMMpihw m ♦i •4 a g 1 ♦< ♦1 m i eh OH DM m ♦1 -a i E -m m J5 u u 1 4 ♦i •M 4-4 m ON 1 H ♦1 ♦1 H 1 1 146 words
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Article83 1982-07-17 8 rULYM < 91 B« -ft W -1 IK -ft Bft IftCkfc HmMH •POHMSC IV CMfMLiki UK -ft M CMW* as«i-= 5ft tft aft 23CE£t=i °-*gy Mft ft riutkM ft® It tSft -ft Dmb Moras n* •ft MM* m p pC lift mmtk Ml i m Ma M •—P"" m83 words
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Page 8 Advertisements
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Advertisement416 1982-07-17 8 8h Page 9 and Paga 1 Where to wine, dine and entertain witti the American Express Card fifl )r sushi. {-(>r tt'p/ninraki. \(n < )tln t authcnncdi'i 'lupancst 1 (/< 'lujhis A(H < < i ill ii'\ I*: i il, nlht.'iii i Sinii: l n m Poffers 10.30 a.m. 3416 words
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Advertisement128 1982-07-17 8 life as good as going to Bangkok. t Thia la Thai Sifood at tta authentic beet. So freeh, it could haws bun alive 15 minutea before coming to your tab**. It waa. An enormoua variety of aucculent aeafooda expert ly prepared by Thai chefa in our kitchen Siamese Seafood Restaurant128 words
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RAW MATERIALS
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Article326 1982-07-17 9 THE SINGAPORE rubber market yesterday closed slightly lower with August One RSS buyers quoted at 179.75 cents a kilo, down 1.25 cents from Thursday's close. Morning prices were marked down slightly on lack of follow-through buying support and some forward offerings after a higher opening, dealers said. Afternoon prices326 words
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Article317 1982-07-17 9 RAS prices In cenU per kilo yesterday: Noon (per kUo) Buyers Sellers Int. 1 R.S.S. prompt f o b. 177.50 178.50N Int. 1 RS.S. August 180.50 181.00 Int. 1 R.S.S. September 182.50 183.00 Int. 2 R.S.S. 173.00 175.00N UK/Coot m.00 174.00N Int. 3 R.S.S. 164.00 106.00N UK/Coot 1(3.00317 words
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Article95 1982-07-17 9 NOON SSI It mi SMR pricae y* lariajr ■AS An«l (Carraat Bay are S »t Mtk) Saptaakar (Farward Mtk) Mlara nayara »< S8R 20 (1-ton prilet) 158.50 180.50N 180 50 161.50N S8RS0 (1 -ton pallet) 157.00 158.00N 158.00 158.00N SMRCV (1-ton pallet) 301.50 203.50N 203.50 206.50N SMRL95 words
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Article324 1982-07-17 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.77. THAI BROKEN: A-super 0.60, Special 0.55.324 words
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Article51 1982-07-17 9 THE BTKAITS tin price ia Peaaag yeatonby agate held steady at the laluaattsaal Tin Agree* meat IlMr lrfrel MWU*. airer maiiteM tte a» part at this "mast key" level, by takteg all the disposals, dealers said. Taraever hwnaaei to 182 teaaes (ram ISf pmlsady aad as raflaalag was51 words
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Article32 1982-07-17 9 Rubber: July 16 Singapore: Aug: 179.75 cents (down 1.25 cents) Malaysia: Aug: 199.50 centa (down 1.25 eenta) Tin: M 529.15 per kilo (unchanged) Official offering: 182 tonnes (up 27 tonnes)32 words
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Article167 1982-07-17 9 CHINESE Pniiii Enhugt, fllHifiHi bsm etataf prim par IN kg yesterday. Cmnt «0: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Cspra: Mixed (loose) $54.00 buyers. Pepper: Muntok white pepper fob AsU NLW $317.50 sellers, Sarawak white pepper167 words
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Article196 1982-07-17 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yarn: China Blue Phoenix 20s 2,430; 32s 3,050, 40s 3,200 (per bale of 400 lbs). Piece gsads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article177 1982-07-17 9 THE MALAYSIAN erode palm oil market yesterday dosed lower on further selling in moderately active tradii*. dealers said. In July, South and Central fell M 512.50 and $10 respectively to 1707.50 a tonne and North $12.50 to $700 while in Aufust South and Central lost $12.50 each to177 words
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Article673 1982-07-17 9 STOCK prices closed mixed on Thursday after turning in an erratic performance throughout the day, with concerns about today's weekly money supply figures accounting for much at the weakness. The Dow Jones industrial average bounced around all day, rising almost four points at midday but673 words
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Article286 1982-07-17 9 PRICES on the Singapore and Malaysia rubber markets remained confined within narrow limits as conditions continued to be in the doldrums, with Inroproviding base line support and lack of consumer interest negating any rise, IMMay, Caller, Bath aad Company said in its review for the286 words
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Article124 1982-07-17 9 AFP FOURTEEN of the 48 palm oil refineries in Malaysia have closed down following a shortage of crude palm oil, Trade and Industry Minister Tengku Ahmad Rithauddeen said. Tengku Rithauddeen, who urged local palm oil refineries to keep their production volume within the new government-approved annual capacityAFP - 124 words
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Article706 1982-07-17 9 OOPRB: Robusta futures ended the morning easier yesterday, between £3 aad £10 a tonne below Thursday's close in actively traded positions. races annea aown from narrowly mixed opening levels on lack of interest The opening was slightly steadier than expected after New York's lower close on Thursday but706 words
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Article175 1982-07-17 9 CHICAGO soybean future* closed mixed on Thursday, up 1U US cents a in spot July to off as much as 2 V< cents in new crop. The market was again mainly influenced by fluctuations in precious metal futures, and prices retreated to new day's lows late when gold values175 words
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Article83 1982-07-17 9 WHEAT futures in Chicago on Thursday closed IV* to 2 y« US cents a bushel higher in the first five positions, to up six cents in thinly traded deferred July. Prices trended lower in afternoon trade following the* retreat in gold prices, but recovered late on moderate purchasing at83 words
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Page 9 Advertisements
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Advertisement584 1982-07-17 9 zn rs 5 < ic Q Z z 55 Xfl a u PS Si h s OS s 35 H PS < H S H &N a z *s s H Z < PS z X :A CvJ DC < i 5 s 1 Cu < tn M Worldwide recession584 words
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1527 1982-07-17 10 BID «ad oiler pricaa officially lloMd Md boabNaa Is and reportad to the Stock Exchange of Wbib|)ijii yesterday, with (to a—bn at shares traded abovn la kracfeots la Ma of untaaa otherwise BBCTIONONB INDUBTBIAL COMMBBCIAL Asm (1088 IMS) (1) 1M (1) lOC1,527 words
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Article153 1982-07-17 10 ■NQAFOUUN The Commerce The Savtatfi Fund S'pore Prog Fund S pore Sac. Fund S'pore lave* Fund S pore Equity Fund La id LSI L27 MB LM 0.M l.Oatsd LM LS wimwDiw It) rWimnwil S'pore Fd(US|) m INCOME BON «i*5n» 0.M 0.57 LU 1.9 (June) D UNIT llttCWTI •WtoWhS153 words
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Article2686 1982-07-17 10 1 Hick aoa Low CoBpti; Last 8ale +orGr*« Div Div Or Gr*s YTd Net P/E Vol <"000) Day High Low SECTION ONE INDUSTRIAL A COMMERCIAL aao aaa an aao 141 an no an an in an aio 01 119 an an A cms Alcom Allied Choc BAT2,686 words
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Article1470 1982-07-17 10 BID and offer price* officially listed and business in and reported to the Kuala i-umjmr Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. MXMIBUU Km (UK) zd <»■■■«■ (3.105) Utaa (1.088 I.MS) (S) I.l* (5)1,470 words
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Article51 1982-07-17 10 TDM Berhad: Seventeenth AGM to be held at the Oempnka Room, Hotel Equatorial, Jalan Saltan "If T umpir on July 19 at 11 am. PIMA Melal Bu MMi: Seventh AGM to be held at Hotel Jaya Purl, Jalan Barat, Petaling Jaya, Selangor, on Monday July 19 at 10.0051 words
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Article885 1982-07-17 10 MALAYSIAN Isaaes yesterday lad tke Wagspsrr stock market to Ha fewest levels tkk year as lavestors grew tke eeaaamle pr aspects tke Caaae way. Ike Straits Times Industrial lades finished at a aew lew af «ISJI, dewa 9.44 eaattaaed aaahetod alTdsy? Tke pre visas few was885 words
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Article475 1982-07-17 10 THE KUALA Lumpur stock market lost more ground as the selling tide continued unabated yesterday. Sellers were in an uncompromising mood from the start with little respite seen throughout the session. Many stocks, as a result, fell to their year's lowest levels. Blue chips continued475 words
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COMPANY NEWS
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Article234 1982-07-17 11 R D costs cut Honda's profits Reuter HONDA Motor Co Ltd said the (all in consolidated net income in the first quarter ended May 31 was due mainly to increased research and development spending and higher interest charges arising from increased inventory costs. The company said it was unable toReuter - 234 words
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Article1113 1982-07-17 11 INVESTORS would not have lost out if they had put their money in the stock markets of the UK, US, West Germany and Holland in the first half of this year when the rest of the world's markets were in the doldrums. A recent study showed1,113 words
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Article, Illustration582 1982-07-17 11 NYT THE stock of McDonald's Corp, the leading fast-food company, over the last 10 years, has traced a rollercoaster pattern. On Thursday, McDonald's shares traded as high as 77 V*, or just under their record price of 77% set a decade ago. WallNYT - 582 words
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Article333 1982-07-17 11 PRIVATE Investment Company for Asia (Pica) SA expects another difficult year ahead after having turned in less-than-expected net earnings of US$3.O6 million for the year ended last Dec 31. The group net profit for the year represents only a marginal rise of $36,892 from a year333 words
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Article457 1982-07-17 11 Qm^ Ex Date s? li Mrihr the ytar JIM 3%TE(b) 5% 3WK0 10% Jul 13 Jun 30 Jul 23 Jun 18 Jul 20 Jul 7 JullO Jua 30 Aug 20 Jul 21 Aug 10 Jul 21 3%TE 2L7% 35% 10% 1.7%TE 143%(a) 20% 10% cS PlWIMt PAN PtaMlv457 words
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Article109 1982-07-17 11 GLnfear Proposed rlfhti tans KflHp of 3 for 10 0&.M per ahaiT Proposed him kmc Of 4 tar 5 g— kmx of 1 tar 4 Proposed tWtti Int of 1 for 1 <LH per dare NTA NTA Jolll NTA NTA NTA Jal a NTA Propoicd rignts hw of109 words
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Article155 1982-07-17 11 C8B LOTS US$75 million 16 per cent notes due 1909 will be listed and quoted from July 16. Trading in the notes will be on a "ready" basis. NATIONAL bw and Steel IflUs has been asked by the SES to state the consideration paid (or its 51 per155 words
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ASIAN STOCKS
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Article209 1982-07-17 11 HONGKONG SHARE price* extended lone* sustained in earlier trading yesterday to close around the day's tows, but trading was quieter than of late due to lack of fresh buying, dealers said. Prices eased initially on profit-taking but trading was thin towards the clone with investors sidelined209 words
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Article341 1982-07-17 11 SHARE prices tell on scattered profit-taking yesterday, with many investors sidelined because of uncertainty over the trend of US Interest rates, the overnight fastness on Wall Street and ahead of the local market holiday today, dealers said. The market average lost 21.88 points to close at341 words
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Article174 1982-07-17 11 SHARE prices moved narrowly in very quiet trading yesterday, brokers said. At the dose, the All Ordinaries index was up 0.2 at 63.8. JULY M (Ml INDU8TK1AL8 A.CL A. ILL A r U. M 1 -J 1 |-i -*-p \r I1<M AM m Mt EEP. S£S_ •oo4 Oorp r.mm174 words
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Article49 1982-07-17 11 JULY M 2$nT ta Ml l MOin Ww>» Z run MM 4«i LH +H" 1 _OJ m -u ■MHOOOM UN Ml f «UM MNI 22* MM +MMI IB UM 41 M LM +iO* rmniiHUp OrtnHll T in un IM 1 wteb ■MDrt BE£ OB UM uneh MM* 4MM49 words
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Article151 1982-07-17 11 SHARE prices rose across the board but turnover remained low in quiet trading yesterday, dealers said. The Book Club index rose 0.17 point to 93.96 on turnover of 5.6 million baht. Finances and cement stocks strengthened further as Bangkok bank gained two baht to 210, Thai Danu Bank four151 words
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Page 11 Advertisements
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Advertisement315 1982-07-17 11 KIMMB Malaysian Containers (1974) Berhad (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company wifl be held at Bilik Temenggong, New Tower Block (Ist Floor), Hotel Jaya Puri, No. 2 Jalan Barat, Petaling Jaya on 11 August 1982315 words
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Advertisement254 1982-07-17 11 Malaysian Containers (1974) Berhad (Incorporated in Malaysia) aUL' The directors ore pleased to announce that they have decided to recommend a final dividend of 11 less 40% income tax in respect of the financial year ended 31st March 1982. The said dividend wi be paid on 11th September 1982 subject254 words
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Chief Price Changes
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Article149 1982-07-17 12 Rites Indices I at Wood U AC Lai-at Tta M Floor 188 382 18 +4 July 15 July 16 275 +4 BT Indicator: *****1 *****0 252 +2 ST Industrials: MUX mm G«MCoia 207 +2 ST Finance: 1664.44 1642.33 Com Plaat 166 1 1 ST Hotels: 1073.7C 1064.88 Metal CUiactt149 words
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Article, Illustration149 1982-07-17 12 LED BY Malay*» Issms, «hares «a the Stock Exchange sf TTlafpwri yesterday recsrtei new lew* reflecting Investor was takes to this fewest level this year at WllM, «swn 1.4« psiato, while the BMteess Times hifitir the day's II msst active cess tors fest 1«! pstata to IK7M. Rites149 words
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Article51 1982-07-17 12 FINANCIAL TIMES INDUSTRIALS Thursday SB#-* Wednesday 553-8 Week Ago 1 551.4 DOW JONES AVERAGE INDUSTRIALS Thursday 827.34 Wednesday 828.38 Week Ago 804.88 Friday 1300.88 Thursday 1313J7 Week Ago 1251.86 AUSTRALIAN INDUSTRIALS Friday 810.7 Thursday 811-5 Week Ago 808.8 ALL ORDINARIES Friday 453.8 H.K.HANG SENG Thursday 453.7 Week Ago51 words
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Article111 1982-07-17 12 AP THE NEW YORK stock market gave ground yesterday morning, faced with some adverse inflation news. The Dow Jones average of 30 industrials dropped 2.19 points to 825.15 in the first half hour. Before the market opened, the government reported that producer prices of finished goods jumpedAP - 111 words
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606 1982-07-17 12 HB I Companies Editor: llano Sabnani GILANI Jute and Textile Mills (M), seven years in the corporate limbo, has proposed a multi-faceted scheme that will transform the company into a sizeable and profitable property-based group. The ailing Jute maker announced through adviser Malaysian In606 words
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Article398 1982-07-17 12 FEDERAL Flour Mills' public offer of 12.75 million shares at M 51.40 has been subscribed 5.6 times, reflecting the good support still existing for new issues. A total of 50,403 applications for 84.44 million shares were received, involving a sum of $118.22 million. The balloting of398 words
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Article879 1982-07-17 12 A MIXED equity market on the London Stock exchange yesterday was featured by a (all in Glaxo of 42p to 755 after 748 on worries over its new ulcer drug Zantac, dealers said. At 3pm, the Financial Times index was up 0.1 point at 566.5. Glaxo's recent strength879 words
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Article292 1982-07-17 12 PERMODALAN Naskmal Bhd (PNB), which is in the second phase of acquiring the shares of bumiputra trustee companies, recently acquired government shares in two more. It took over 400,000 shares in Hitachi Semiconductor, constituting 10 per cent of the company's paid-up capital, from292 words
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501 1982-07-17 12 CHOO AI LENG - By CHOO AI LENG VENEER Products' shares have a net tangible asset backing of $2J5 each if the value of its 24-storey Furama Hotel, when completed, is taken into account. This is the conclusion reached by a local broking firm in its valuation501 words
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Article218 1982-07-17 12 H C still looks to M'sia Reuter HARRISONS and Crosfield PLC's plantations division, mainly in Malaysia, will remain the UK group's largest profit centre in current conditions, chairman Thomas Prentice told the annual meeting. He was commenting on the aftermath of the Malaysianisation measures for Harrisons Malaysian Estates PLC announcedReuter - 218 words
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Page 12 Advertisements
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Advertisement79 1982-07-17 12 INVEST IN THE EXCITING LEATHER BUSINESS Leather Boutique at Orchard Road for Sale. Low rental. Interested partiee write to The Advertieer, P.O. Box 3929, Singapore 9059. The Sanwa bank Limited We shall be closed on SATURDAY, 24TH JULY 1982 for removal to our new offices at 25TH STOREY, RAFFLES TOWER,79 words
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Advertisement100 1982-07-17 12 in a Quandary over a gift or souvenir r OS e km <—»*— y *>•«> «Q/.. The definitive book on Singapore's national flower SIS? For children all ages and i young at heart Select a book from our Singapore Coflection Books rich in colour and charm that portray the different100 words
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Page 12 Miscellaneous
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Miscellaneous65 1982-07-17 12 mmmm —j OUTLOOK for Singapore today: Fair except for showers in a few areas in the morning. Report far 24 hears prior to 7J9 pm en Jaly II aft the airport: Maximum temperature 31.4 Associated humidity 70 Minimum temperature 22.1 Associated humidity 96 Hours of sunshine 6.90 Rainfall in millimetres65 words
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