The Business Times, 24 July 1982

Microfilm: NL12646
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JULY 24,1K2 60 CENTS
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  • Article
    Lock icon Major US drive to sell textiles to Far East
    374 1 AP THE US has launched a major drive to export textiles and apparel to the Far East, including Singapore. The US Department of Commerce said there are growing market opportunities in the Far East countries. The department said exports of US
    AP  -  374 words
  • Article
    Largest single tax rise in US
    231 1 THE AMERICAN Senate has approved the largest single tax increase in US history, an adminstrationbacked plan to raise an extra US$9B billion in federal taxes over the next three years. The Senate has voted 50 to 47 to approve the increase as part of
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  • Article
    OCBC and UOB take part in US$1bn loan
    433 1  -  By BERNADETTE CHOOI THE United Overseas Bank and the Oversea-Chinese Banking Corporation will take part in Malaysia's biggest foreign loan of US$l billion. An OCBC official confirmed that the bank will be a participant and will lend US$l5 million in the general
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  • Article
    ADB to issue 15 billion yen bond
    178 1 THE Asian Development Bank will tap the Asian and Eurodollar markets with a 15 billion Japanese yen bond issue. The only bank in Singapore participating in the 10-year issue, due Aug 10, 1992, is the Development Bank of Singapore. The coupon rate and
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  • Article
    S'pore refineries account for 29pc of S-EA capacity
    458 1  -  By LOW HUI YIN SINGAPORE, with a refining capacity of 1.02 million barrels per day, accounts for 29 per cent of South-east Asia's capacity of 3.51 million bpd. This makes Singapore the leading refining centre in this region, according to British Petroleum's
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  • Article
    Lock icon Reagan's economic adviser quits
    168 1 Reuter PRESIDENT Reagan's senior spokesman on economic policy, Murray Weidenbaum, has resigned, the second of the US administration's top three economic advisers to quit. The White House said there were no disputes between Mr Weidenbaum and the president over economic policy, but congressional and administration sources
    Reuter  -  168 words
  • BRIEFLY...
    • Article
      Lock icon Banks lower prime
      109 1 Reuter THE Hongkong and Shanghai Banking Corp and Chartered Bank Ltd said they will lower their prime rates to 14 from 15 per cent from July 26. The Hongkong Association of Banks is cutting deposit rates by between ft to one percentage point, also from July 26.
      Reuter  -  109 words
    • Article
      Khmer Rouge attack
      57 1 KHMER Rouge guerillas have routed Vietnamese troops from a strategic mountain stronghold in western Cambodia, reports said yesterday. Military commanders of the Khmer Rouge forces about 32km south of the Thai border town of Aranyaprathet said they had put to flight Vietnamese defenders at Phnom Mak Hoeun,
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    • Article
      Lock icon Japanese loan plan
      71 1 AP A MAJOR Japanese bank is considering the possibility of extending low-interest loans to Job-creating programmes in the US, an idea proposed earlier this year by American-born millionaire Kay Sugahara. Motoo Shiina, a Diet (Parliament) member belonging to the ruling Liberal Democratic Party, said: "Sugahara's financing plan
      AP  -  71 words
    • Article
      Warrants not binding
      83 1 HITACHI Ltd said its nine employees named in arrest warrants issued by a US magistrate do not have to appear before a US court to answer industrial spying charges because the warrants are not Minting in Japan. A company spokesman said the bench warrants nave Minting power
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    • Article
      Lock icon Forces on alert
      57 1 AFP ISRAELI forces throughout Lebanon were put on alert yesterday to ward off possible reprisals from Syrian and Palestinian forces following Thursday's Israeli assault along the ceasefire line in central Lebanon's Bekka Valley. Israeli radio in Jerusalem said two successive waves of Israeli airforce planes flew over
      AFP  -  57 words
    • Article
      Lock icon PLO deputy killed
      74 1 Reuter THE deputy chief of the Palestine Liberation Organisation's Paris office was killed in a bomb attack yesterday as he prepared to drive to work. Police said the PLO official, Fadel el-Dani, had entered his car outside his home when three men walked up and the bomb
      Reuter  -  74 words
    • Article
      Lock icon Stopping remittances
      59 1 AFP THAILAND-yesterday said a major Saudi Arabian foreign exchange broker is heavily in arrears and has urged Thai workers to stop remitting their income through the company. The Thai Foreign Ministry said the Abdullah Saleh Alrajhi Establishment is 80 million baht behind in payments to the Bangkok Bank
      AFP  -  59 words
  • Article
    HDB contracts worth $100m for core group
    235 1 THE llsastag aad DevelH—> Bawd has awarded u—hauls worth fill miIUM I» three sf Us esse This is toe first batch sf c*ntracts awarded by HDB since It Inhsdnmd the eare contractors scheme to April. Under toe scheme, each sf the 18 contractors
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  • Article
    HSBC invests $70.8m in new premises
    524 1  -  By ANGELINE TAN THE Hongkong Bank Group is investing $70.8 million to relocate its Tanglin and Marine Parade branches in bank-owned premises in a commercial and residential complex in Claymore Hill and in Parkway Parade. A spokesman of the Hongkong and Shanghai Banking Corporation
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      243 1 BOOKS FOR PROFIT ijmds AVIATION claims for the international insurance industry this year is likely to be a record high Page 2 THE United States is studying penalties which it might impose on foreign companies ignoring its ban on equipment sales for a Soviet natural gas pipeline.... Page 4 EXXON
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      3 1 See page 4
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      50 1 n-' ut| v«'s P'gpst The compact monthly magazine offering selected condensations of management articles and books from all over the world. VV'or Id Executive's Digest Now available at all bookshops, emporiums Distributed by wrnm federal publications EsN&I 1 New Industrial Road. Singapore 1963 L/IfJ A member of tha Timet Organisation
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      97 1 The ■ingapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) CiRAHDSLAM' A bv /VRJNSINGNNL4R USA '%.a 4aw\ v. m mMk v «z Pn>fessional golier Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear. Keith chooses GRAND SLAM
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  • BANKING AND FINANCE
    • Article
      Record aviation claims likely
      462 2 THE PanAm 727-2000 crash at Keener recently is estimated to push aviation claims for the international insurance industry this year to a record high. While damages and claims to the New Orleans crash are still being assessed on all fronts, the overall loss according to initial
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    • Article
      Adoption of new pricing methods
      157 2 THE US Federal Reserve will adopt new pricing methods for repurchase agreements from Aug 2, the Federal Reserve Bank of New York said. Under the new system, the Fed will include accrued interest on the securities in pricing the transactions, used to inject reserves into
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    • Article
      Lock icon Fed's effort likely to underpin recovery
      470 2 Reuter SALOMON Brothers Inc chief, economist Henry Kaufiftan said one or more further cuts in discount rate may be necessary for the US Federal Reserve to achieve its desired level of monetary growth. Discount rate was cut to 11.5 per cent from 12 per
      Reuter  -  470 words
    • Article
      Lock icon Australian Cabinet to consider foreign bank entry
      179 2 Reuter THE A*Mo Cahlaet STnrtMniriS Jtki ■•ward Btfenkg to a rtnrt to Ike atiaspapur »0 AmtnItoa that a Mtoi «M totont, toe iiiImh ■»t«< ttot MMtorattM In» «ISto«Ln!tMtto? Heward hu always Ito* el ferriga haak Story wnU be mm el toe first mmMtoflM
      Reuter  -  179 words
    • Article
      Tat Lee to reduce PLR
      70 2 TAT LEE Bank will reduce its prime lending rate by 0.25 percentage point to 10.5 per cent from Monday. Its savings rate will be trimmed to 8.75 per cent from 9 per cent. Both the one- and twomonth deposit rates will be cut 0.5 per
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    • Article
      Lock icon BONDS AND LOANS
      829 2 Reuter A JAPANESE syndicate will sign a contract for a five billion yen syndicated loan with Societe Europeenne pour le Financement de Materiel Ferroviaire (Eurofima) in Zurich, Industrial Bank of Japan Ltd said as lead manager. The eight-year loan carries a fixed interest rate 0.1 per cent
      Reuter  -  829 words
    • Article
      Lock icon Aetna to acquire 40pc stake in Samuel Montagu
      257 2 Reuter AETNA Life and Casualty Co of Connecticut will acquire a 40 per cent stake in merchant bank Samuel Montagu and Co Ltd for £66.1 million from Midland Bank PLC, which owns the merchant bank, a Midland statement said. Aetna and Midland
      Reuter  -  257 words
    • Article
      UK first quarter PSBR at £1.5bn
      188 2 THE UK public sector borrowing requirement (PSBR) in the first quarter of the current financial year 1982/ 83 was £1.56 billion against a full year budget forecast of £9.53 billion, the British Treasury said. The figure is not comparable with the same period last
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    • MONEY AND EXCHANGES
      • Article
        GOLD
        308 2 GOLD futures in Singapore yesterday closed generally firmer than Wednesday's dose, reflecting the metal's rise in overseas markets. Trading was moderately active and total sales for the day, including kerbs, was 555 lots. Prompt closed higher at I USJ366/367 an ounce against 359/360 on Wednesday, August at 366.50/367.50 against
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      • Article
        Silver quotes
        29 2 Than M New York 1MB 7.015 Zurich S.87B 6.9TS ■fci Singapore Fll Tvm 6.90B 7.008 Ctortaf price* ta US doUart a troy ounce. Source: Credit Suisse, S'pore.
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      • Article
        Hongkong
        77 2 THE US dollar eased yesterday against major currencies in late trading following lower Asian dollar rates. Asian dollar deposit rates fell throughout the day, with Three Months at 13Vi 13 against an opening 133/16 1/16 and Six Months at 13H V« against 14 137*. Banknote rates yesterday were: US
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      • Article
        Tokyo
        110 2 THE dollar (or overnight delivery closet] slightly easier yesterday at 251.10 yen against a 251.50 opening, reflecting a decline in US interest rates. This was also below the 251.30/50 New York finish* and well down on the in Tokyo on Thursday of 252.90. Trading volume was a moderate US$l.43
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        London
        29 2 Opening quotes yesterday ""uS -1.7575/« Cut 2.1940/55 Cross 1.2552/55 D Mk mTS/435 DFI —4JM/75 S Ft —*****/325 B Fr Ooa MJ3/M F Fr UJMO/175 ut- mummtn JS Yen-HDA/C
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      • Article
        Treasury bills
        46 2 RESULTS at tender held yesterday lor M-day Treasury bflls to be issued from July 31 to July JO: Odeni: fIM.fIIM.OIO AnpM Mr: &HOOO.OOO. AftsMsd: $100,000,000. If iplil Mis: «M.12 approximately CI per cent; higher bids in fulL sb nlstesnfc 3.485 per cent per annum.
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      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers Is 10.81 per cent.
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      • Article
        ASIAN $
        151 2 ASIAN ASIAN currency deposit Interbank rates as at close on July 23: US DoUan(8pot) Ottn Hi 7 days UM U% 1 month 121/16 1110/16 2 months 12* 12H 3 months 131/16 12 15/16 6 months 13H 13* 9 months 143/16 141/16 12 months 14 3/16 141/16 Das. Swln. /UUJ1. m_j
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      • Article
        Discount
        43 2 RANGE a( prion otter ed by dlscount 1—i on July 8: Overnight; 4* C*D deposits. 4% Clmtag W* n-iu-, 3-month Treasury bills 3H 3Vi 3-month Bank bills S7/16 5/16 3 months CD 1 Vt months CD 8* S« Source: National Discount Co
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      • Article
        Singapore market
        481 2 THE US dollar weakend on the foreign exchange market yesterday .especially against the yen and deutsc he mark. This was due to the easing of US interest rates and the outlook of lower interest rates in the short-term. Dealers expect the dollar to come down further. Against the
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      95 2 in a Quandary over a gift or souvenir The definitive book on Singapore's national flower sfP^^SStOi rm wmrror children f all ages and se young at heart Select a book from our Singapore Collection Books rich in colour and charm that portray the different aspects of the Singaporean way of
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      102 2 UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) CHANGE OF REGISTRARS United Pulp Paper Company Limited announces that, with effect from Ist August 1982. their Share Registrars will be changed from Beacon Corporate Services Pte Ltd to:BAC.S. PRIVATE LIMITED 9TH STOREY, THE ARCADE 11 COLLYER QUAY SINGAPORE
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  • TRADE AND INDUSTRY
    • Article
      I P Sharp appoints Seoul representative
      384 3  -  By LEE YOKE MENG IP SHARP Associates, one of the world's leading suppliers of computer equipment and software, will market some of its products and services in South Korea through Daewoo Corporation. The appointment of Daewoo, the Korean construction giant and largest general trading
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    • Article
      Construction centre to train 2,000 a year
      335 3 THE proposed construction training centre will train about 2,000 workers annually for the building industry when it opens its doors in 1965. Of the total intake, about three-quarters will comprise members of the Construction Brigade, national servicemen who do their stint at construction
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    • Article
      Local firms design, make own computers
      404 3 LOCAL companies are designing and manufacturing their own computers and computer peripherals at prices almost half those of the established brands. One of the companies, Robin Trading, a subsidiary of the Robin group of companies, is making Apple-compatible disk drives called "Mango" which are
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    • Article
      ITF to set up another Asian office in HK
      145 3 INDUSTRIAL and Trade Fairs Ltd (ITF) is setting up a third office in Asia in a move to intensify its activities here. Chief executive Derek Lyons said with the third office in Hongkong, ITF will be able to mount a triple
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    • Article
      Civil Service to raise manpower output
      230 3 THE CIVIL flwlm Is embarking aa a rMiprehun slve programme to improve —pswft predaetfvfty. TMa is la face ef the tight lahsar market and MIHm a year. II baft» that prsdaettvfty eaa be nisei threagh wsrk peeedares, developing geed team wsrk, emThe Management Services
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    • Article
      Nippon Steel sets up branch office here
      430 3  -  By WONG MAI YUN NIPPON Steel Corp, Japan's largest steel manufacturer, has formed a branch office here after clinching a $13 million subcontract to build a steel framework for a factory at Henderson Industrial Park. The subcontract was awarded by Mitsubishi Corp which
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      PEOPLE IN BUSINESS
      304 3 MR TOMOMI Take* will succeed Mr Aldra Sanoh as director and general manager of Yaohan Singapore when the latter leaves for Japan on Aug 1 for a new assignment. Mr Takeda started his career with Yaohan Japan in 1967 as a buyer after graduation from Meiji University.
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  • Page 3 Advertisements
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      328 3 Now NISSAN C2owith ft 1 Am ,V. <V i -4SK X/..- J i Wi" V 4»ii' S t b»jl *ii s,. E# J u M N k To give you the biggest cargo room in its class. Bigger cargo room The new Nissan C-20 long body is now 330 mm
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  • OVERSEAS
    • Article
      Lock icon US studying penalties for breaking sanctions
      547 4 Reuter THE United States is studying penalties which it might impose on foreign companies ignoring its ban on equipment sales for a Soviet natural gas pipeline to Western Europe. Earlier on Thursday, the French government said it would ignore the US ban, ordered by
      Reuter  -  547 words
    • Article
      Lock icon US$12bn savings package
      539 4 NYT THE US Senate Budget Committee approved a package of changes In legislation adopted by seven Senate committees and intended to result in spending savings of US$l2.2 billion through fiscal 1965. The finance committee had previously approved a savings package of $17.5 billion, and that package is
      NYT  -  539 words
    • Article
      US 'no' to EEC offer to cut steel exports
      270 4 THE all—has rejected an «Her fey Western hmeu eeaatriee to redaee steel experts to the United States in a lastmtaate attempt to avert a new crista la tnuw-Attaatic trade retailer Washington baaed ambassadors from seven Westem Earepeaa waliiu and wipresentathui frea
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    • Article
      Lock icon Exxon reports steep 51pc decline in profit
      429 4 UPI, Reuter EXXON Corp, the world's largest oil company and industrial concern, has reported an unexpectely steep 51 per cent drop in its second-quarter profits. Analysts in New York on Thursday attributed the sharp decline largely to Exxon's dependence on Saudi Arabian crude
      UPI,; Reuter  -  429 words
    • Article
      Lock icon Bigger share of goods exports for America
      374 4 AP THE American share of world manufactured goods' exports climbed to 20.7 per cent in 1981, the highest level in more than a decade. The US Department of Commerce in Washington on Thursday said this is more than two and one half percentage
      AP  -  374 words
    • Article
      Lock icon UK shipbuilders keen to replace container ship
      188 4 AP THE chairman of British Shipbuilders Ltd said the state-owned corporation deserves to beat Japan and South Korea for the order to replace the container ship Atlantic Conveyer, sunk by an Argentine Exocet missile in the Falkalnds fighting. "We want that ship. We
      AP  -  188 words
    • Article
      Rivers in Maine drawing gold panners
      182 4 NOT since the Maine gold rush of 1880 have more people splashed into Maine's rivers and streams in search of gold, and US wildlife officials say the eager panners are causing them headaches. "Since the price of gold has gone up there's definitely been
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    • Article
      Lock icon Harmful effects of switching to earlier shifts
      191 4 UPI THE changing of work shifts each week to progressively earlier times is one of the most harmful working schedules. Scientists in Massachusetts on Thursday said such shifts contradict the body's natural sleep-wake cycle and can decrease productivity, increase health insurance costs and
      UPI  -  191 words
    • WORLD IN BRIEF
      • Article
        Lock icon ELECTRONIC EDITING BID
        342 4 Agencies NEW YORK Times Co said it has awarded Xerox Cosp a contract to develop an experimental electronic editing and layout system for the New York Times newspaper. The company said the system will be the first created by Xerox for newspaper layout and will apply Xerox
        Agencies  -  342 words
    • Article
      Lock icon Nations urged to ease economic crisis
      211 4 AP NATIONS should abandon their preoccupation with domestic problems and work together to end the growing international economic crisis, said the secretary general of the United Nations. The world recession has intensified "the preoccupation of governments with immediate domestic problems: and this threatens to
      AP  -  211 words
    • Article
      Lock icon Reagan forestalls strikes at railroads
      159 4 AP US President Reagan signed an executive order on Thursday blocking a strike against most of the nation's major freight railroads by 85,000 workers covered by the United Transportation Union. Mr Reagan's order blocks for GO days a strike planned for yesterday and establishes an
      AP  -  159 words
    • Article
      Lock icon US goods orders fall
      182 4 Reuter NEW ORDERS received by manufacturers of durable goods in America fell by US$l.22 billion, or 1.6 per cent, to a seasonally adjusted $74.92 billion in June after a revised one per cent decline in May. Announcing this in Washington on Thursday, the US Department of
      Reuter  -  182 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      693 4 ARRIVALS Service Local Operator Number Time From MAS PAA FT CAL SIA MAS MAS RBA MAS SIA CPA SIA GU MAS THAI SIA GIA SIA MAS su SIA MAS SU KLM SIA GU LUFT GU SU THAI CPA GU SU MAS MH15A PA005 FT71 CI331 SQ101 MH671
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    • Article
      Lock icon Chinese approach to oil licensing, taxation
      409 5 Reuter CHINA is taking a highly sophisticated approach in drawing up contracts and income tax law for Western oil companies' participation in offshore oilfield development, British Petroleum Co PLC executives said. Basil Butler, managing director of BP Exploration Co Ltd in London on Thursday
      Reuter  -  409 words
    • Article
      Lock icon MANILA SLOWLY MOVING TOWARDS RECOVERY
      168 5 AFP THE Philippines' long battle against recession appears to have bottomed out and recent indications show the country is now moving slowly towards economic recovery. Jesus Estanislao, vicepresident for industrial economics of the privatelyfunded Centre for Research and Communication (CRC) yesterday told a gathering of
      AFP  -  168 words
    • Article
      Lock icon Indonesia has great economic potential, says US
      377 5 AP THE combination of rich resources and people gives Indonesia a great opportunity to make great strides in economic development. The US Department of Commerce said: "The government is focusing enormous technical resources in developmental planning. Since Indonesia needs to create jobs for
      AP  -  377 words
    • Article
      Lock icon China will not raise issue of HK
      314 5 UPI CHINA'S u« faaatitnllan wi— mainly Taiwan and tea Ittle Is de with the htm at Hengkeng. Landtag Bcijtag eAdnl, Ma Man-Md, said In Hang- I, r r IT th*l PUM yVOTOTVHy MM LMwl wOl asl raise Ike lam at liingtinj's Man II
      UPI  -  314 words
    • Article
      SHIPS IN PORT
      419 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Akl M&ru Asian Star Feng Lei Kim Soon Li Kusu Island Nedlloyd Holland Perak Seng Olap Yu Quan Shan Aconcagua Barber Menelaus Blue Kochl Builder n Chao Yang Cherry Orient Dan Yang Dong Nam George Jumpa Kota
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    • Article
      Lock icon Ford plans to sell big stake in steel arm to Japanese
      720 5 NYT THE Ford Motor Co said it plans to sell a controlling interest in its Rouge Steel Co subsidiary to a group of Japanese companies led by Nippon Kokan KK, Japan's second largest steelmaker. The takeover of Rouge Steel,
      NYT  -  720 words
    • Article
      Lock icon Japan to strengthen air and sea defences
      228 5 Reuter JAPAN'S National Defence Council hat approved a five-year defence plan to strengthen the country's defences against air and sea attacks. Defence Minister Soichiro Ito detailed the plan to the council chaired by Prime Minister Zenko Suzuki. The plan, starting next year, calls
      Reuter  -  228 words
    • Article
      Warrants for nine Hitachi employees
      168 5 ARREST warrants have been issued and bail raised to U*****,000 on each of nine employees of Hitachi Ltd who failed to show up on Thursday for arraignment on charges they conspired to send stolen computer secrets to Japan. US Magistrate Nordin Blacker issued the warrants
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      96 4 A Sparkling New Penguin Author am Bo Born in West Africa, William Boyd went to the universities of Nice, Glasgow and Oxford. An awardwinning novelist, short story writer and critic, he lives in Oxford where he also teaches English Literature. t-- Vi* 3: >• AND HIS EBULLIENT, BRILLIANT FIRST PENGUIN
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  • Article
    Another dollar another daze
    327 6 THOSE OF US with a tendency to rush off to bed at the first glimmer of sunrise have just had a rude awakening. It comes from Harvard, no less, in the form of a report by scientists who say that work schedules which involve progressively earlier
    327 words
  • Article
    HK: the need for clarity
    338 6 HOW DO you renew, annul, repeal or replace a non-existent treaty? There is a sense in which that is the riddle at the heart of the Hongkong problem. Britain has a lease on the New Territories which runs out in 1997, but one of the
    338 words
  • Article, Illustration
    Lock icon BARGAIN HOLIDAYS
    743 6  -  By JUDSON BENNETT Features International ALL die major companies in Britain are offering holiday bargains at what one company describes despairingly as "safe-af-the-century prices." It seems that the later you take your holiday this year, the better bargain you'll get. Says the spokesman for one major charter firm:
    Features International  -  743 words
  • Article, Illustration
    Lock icon Car computer tracks Australia's roads
    462 6  -  Researcher* at the Australian Road Research Board in the southern state of Victoria have developed an instrumented car to automatically record road geometry. A small computer in the car analyses data from four measuring devices to yield information of almost mapping quality, reports MIKE ROSEL.
    AIS  -  462 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      603 6 TWO-11-OVE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Appearance presented by a bit of a spectacle (6) 7 Mythical labourer (8) 8 Joe's in the cart, perhaps, and it's very serious (6) 10 Inexperienced in the oil industry? (5) 13 Leaves, or tries (4) 14 As flown by Christopher East? (4) 15
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      22 6 lount UOOICM& f\£P6gD UXTW PM, v«AL ComCS m* SHJftifcß F«prr% fPnMOLOSCN. UP« Mr n 5 Graves, Inc." weu.somochH PORTWWWW li>: Pat Brad
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    • Miscellaneous
      Page 6 Miscellaneous Column 3
      650 6 TiVf&WWDTO Making of a colonial officer TUB mkl qMe at Ike the Age et UmmrfHw (Ch 8, gtol UM) to en mMh. The 8 litoul my* b eeea to ae- at I Be at Hi ever le Sank (mi New Yerk vtaha her. M Mcttoa derehpi S wbea teak attraeto
      650 words
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  • Article, Illustration
    Lock icon Like sitting in the centre of a mine
    850 7  -  By REX SCAMBARY AIS THE mining industries that haw boosted Australia's economic growth have provided a theme (or the interior design of the Concert Hall of Melbourne's Victorian Arts Centre. The interior is the work of John Truscott, a Melbourne-born with an
    AIS  -  850 words
  • Article
    Lock icon Who's afraid of blondes?
    1022 7  -  By KENNETH CLARK UPI FOR Connie Chung, it was a Congressman who first got her interested in Journalism. For Tritia Toyota, it was a chance to escape home economics, and for Linda Yu, it was the challenge of taiHng on Chicago. Whatever their motives, the three
    UPI  -  1,022 words
  • Article, Illustration
    Lock icon After 25 years the scientists are back at Pugwash
    1148 7  -  By FOX BUTTERFIELD NYT 1 THE morning of Aug 1945, was clear and sunny, Professor Iwao Ogawa remembers. At the time, t he was helping his students at the Imperial Japanese Naval Academy, 16 kilometres south of Hiroshima, build a bomb
    NYT  -  1,148 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      568 8 Where to wine, dine and entertain with the American Express Card lA T .A V tOL Take your pick, it's gpeat food, going for a song! Come from 12 noon to 2.30 |in> 7" 1'• L B i m 2 a f Louise 0 >A A hearty Jiiiyrjgii A real
      568 words
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      Page 8 Advertisements Column 2
      142 8 as good as going to Bangkok. ]> This la Thai Seafood at Its authentic best So freeh, it cook) have been alive IS 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 Penang Road.
      142 words
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  • RAW MATERIALS
    • Article
      Produce exchange
      165 9 CHINESE PrsSaee Exchange, Cmwt Bulk fob $97.00 sellers, old drum (In second band drum) fob Jill.oo sellers, new drum fob $115.00 sellers. Gapra: Mixed (loose) 152.00 buyers. Pepper: Muntok white pepper fob Asta NLW $315.00 sellers, Sarawak white pepper faq fob NLW $310.00 sellers. Sarawak special black pepper
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    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yara: China Blue Phoenix 20s 2,450; 32s 3,080, 40s 3,300 (per bale of 400 lbs). Piece gnats: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq;. Flower and Butterfly
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    • Article
      RICE
      332 9 SINGAPORE: Yesterday's closing prices in S$ 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.
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    • Article
      WHEAT
      201 9 WHEAT futures in .Chicago on Thursday closed down 2 V« US-cents a bushel to unchanged in thinly traded distant September, after recovering from early lows. December posted s six-cent range. Weakness in precious metals pressured wheat values from the opening, traders said. However, the International Wheat Council's reduced world
      201 words
    • Article
      SOYBEAN
      192 9 SOYBEAN futures in Chicago on Thursday recovered from early lows to close mixed, ranging from down three US-cents a bushel in August to up 2Vi in distant July. Traders said the uncertain trend in gold futures resulted in choppy price action in soybeans, as market sensitivity to the economic
      192 words
    • Article
      LONDON MARKETS
      857 9 COFFEE: Robusta futures were slightly steadier at midday, between £8 and £1 a tonne above Thursday's close in traded positions. Dealers said prices traded in a narrow range, amounting to £3 in mosttraded September, following an opening which reflected gains in New York on Thursday. There was little
      857 words
    • Article
      PALM OIL
      66 9 CJ.F. North European ports, In US dollars per ton unless otherwise stated: LONDON Thurs Wed Malaysian 5% ffa bulk per tonne August 392.50slr 392.50»lr Sumatra 5% ffa bulk Julyt 410.00slr 410.00slr August 397.50slr 397.50slr September 400.00alr 397.50slr October 402.50slr 402.50slr November 405.00slr Nigeria 5% ffa bulk stg unquoted
      66 words
    • Article
      RUBBER
      145 9 RUBBER futures in London were little changed at midday, either 0.10 pence a kilo above or unchanged from Thursday's dose. Only five lots were traded during yesterday morning's ■ewloii which was interrupted for 45 minutes by a bomb scare. There was little Incentive to trade with Eastern markets dosed
      145 words
    • Article
      Malaysian duty rates
      83 9 THE Mslsyrian Minister of Finance has fixed these rates far the period from July 22 until further notice: Esther: 302Vk cents a kilo for RSSOne; Cop»: MJ545.83 a tonne; Palm kernel: 1955.75 a tonne: While pepper: $3,045.17 a tonne; Mm* pepper: $2445.00 a tonne; The rates of
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    • Article
      Lock icon NEW RICE VARIETY
      81 9 Reuter TUB lliwMiml Rtoe Re•eareh lastltate ku 4ewiipii a mw riee variety r -u| www win '*Tto fMMw iSnuL <•9 Mtii the variety, bed IEC, fcy «ireMy hem ctal phUi ptae Baad Iwi til truM Ma f rwfgij ta riee viiMto traa 12 tin to jNNMto All
      Reuter  -  81 words
    • Article
      Lock icon Thailand allotted an extra million tonnes of tapioca
      667 9 Reuter THAILAND has been given an additional allocation of one million tonnes of by the European Community which will enable it to export up to six million tonnes to the community in the current calendar year. Bajr Issarasena, DirectorGeneral of the Foreign
      Reuter  -  667 words
    • Article
      Lock icon Soviet grain harvest
      317 9 Reuter THE Soviet Union is set (or its fourth dismal grain harvest in a row. The International Wheat Trade's governing body said this on Thursday, reinforcing an earlier assessment by the US Agriculture Department. Earlier this month the US Agriculture Department forecast that Soviet grain output in
      Reuter  -  317 words
  • INTERNATIONAL STOCKS
    • Article
      TORONTO
      218 9 JULY 22 Ahttlhl C| 17 Imp OU into M* life H Alcan Mt* +5? 1 Int pro* Pipe lfH H Algoma Bank Mont Bank Not* Scotia Bell t»i Beth Corp BP Can Ltd mh IS* 23W 17* H tat Ute Intl Nickel Kerr Add Lobiaw B MH life 13*
      218 words
    • Article
      Prices mixed amid pessimism
      761 9 NEW YORK STOCKS on Thursday closed mixed after a mid-afternoon rally faded amid continued pessimism about the economic outlook. The Dow Jones industrial average dropped four points In the morning, later recouped to stand 3Vi points higher, then turned down again to finish off about 0.20
      761 words
    • Article
      Amsterdam
      126 9 JULY a ABM Ate* Ate AMXV Amfu aBat. Boraumij Cklud Call* fteMt IM1 tenia Pokkar IM OttUvoc Oobtln n» ma 4 MJ* +0J Ma -u «a -u mm iu 44a -ij aa 9IM 41 ma -u mm uneh aa -4.1 ata aa +m ma -1 aa -4.1 aa 4i
      126 words
    • Article
      Paris
      109 9 JULY CO m RBKILLE ♦A a*-r j|iai 1 S M CXnik m ♦a DMMM un Car (Tbomm K<2VrmnealM m -u dHMrita m -CI <55Ti5edw Dirnaei Mt .iiSETfcir «S ♦a Ml r.Tm!T CM I "S5T«—WJI +0.1 PrtMlBM 8 A Rbooc-Poutenc* BA Royal Dutch Sum (CI* Flnan Dt) Thoanaon-Brartt 141 -1A
      109 words
    • Article
      Frankfurt
      110 9 JULY 8 Ob um Alia Leten k Alls Vn BAST 11AMB krHTnwk Bi) Vbank Bjpr 10S. 10 -Out BMW ante Cbm Vrw Z ft—lltiliil UUtB Cootl Ouau&l Ml* -OA r»hn>f lull HUO -3 Dema« 12X00 -ia Dautacb* Buk K3A0 -1 Driitwii —fc UW +17 Dt Twm DfCkarhofr ST A
      110 words
    • Article
      Brussels
      82 9 •vki as l POKWAKO Mi Alfcatf AMnr n» t/UtKET M -4 1M0 -M S»1 uncb Bre-uu gJF 1M m IMi -1! mm -d tdi 1 1 1 ich oopfe a* h« Ml +1 as MM -4 «1M or ttrnm 1710 unrh Halm* MM M 1 icb egMWeh 4M -M
      82 words
    • Article
      JOHANNESBURG
      54 9 Tj7~?'mSSEm lUis 3M assr* W 4M M MM 1MB ancb ZM «M* w *m m nacb a -i M ■■T' Itennta. toPnji i T»« 1 rif rteta S3* (Mixm 4 w m TM -1 5 B MDflNOI SB- i ■nmm V SSL m -s M -M gsatrz=i mm -m
      54 words
    • Article
      Zurich
      157 9 JOLT a Frtnca AeUocu SolMM an Aiuautaat Br. «K -i AlllPlti Rag. la -8 Brown hiid Br. MO -Id caw Qatgy Br. ua -10 «te P C 1MB -i Cite (Mn Rac m -1 Cndlt Suae Br Mis -u Crtdtt Wiitel Raf 310 *i a«ktm>Mt Br. aa -to Oaorfi
      157 words
    • Article
      Milan
      71 9 JULY a Lin ButO* «I -I ■a am -a Oratnk (M MU -100 Cood Key* Row»* M> aocb MM* MS «a "MOrt MM -i omnii iaza -m S-U 5S aw» aa -ao imj«m sr r iDlu» A« nm S -M° ■HwlBwi niT i MW jO OttvMti cm a? I"
      71 words
  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES
    1582 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 ft COMMERCIAL Acma (2.798 2.818) (1) 250
    1,582 words
  • Article
    Unit trusts
    185 10 ■wrai unit mam DIAMOND mr rsron B (M.aigir.- prtaaa htMrM) The Commerce 2.71 2J5 (Managers' prtaaa IwMy MO The Savings Fund 154 1.62 S pore Prog Fund 1.21 1J7 S'pore Fd(USI) 0.53 0.57 S pore Sec Fond 1.87 l.K Sf 1.21 S'pore Invest Fond 0.9® l Oted (June)
    185 words
  • Article
    SHARE INFORMATION SERVICE
    2850 10 1M2 High Low Company Last Sale orGr"« Div Div C'vr Gr*» Net Y*M P/E Vol Day ('000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 233 308 320 141 291 480 326 i 247 Aetna Alcorn 164 Allied Choc 246 BAT 316 Bata 80 Ben Berjaya Kawat 171
    2,850 words
  • Article
    COMPANY MEETINGS
    25 10 PRASES ft Neave Limited: Eighty-third AGM to be held at the OCBC Centre (19th Floor), Singapore 0104 on July 29 at u am.
    25 words
  • Article
    Japanese sogoshosha at the crossroads
    1571 10  -  By YOHEI MIMURA IN JAPAN, there are more than 8,000 trading companies dealing in wider or narrower assortments of products and commodities. But only nine of these are called sogo6hosha. Sogoshosha deal in thousands of different items and engage in a full range of business
    1,571 words
  • Article
    Stock prices edge marginally higher
    921 10 AFTER m UtU Migt, On Slagapare itwk market yesterday faltered umiiahal, bat still to flateh sa sbert-cevertag teOtMnf At Straits liases ktotrial ladez, wMeh flu I 19.44 patoti sa Wedaeeday, Mlgc4 ap tM palate yesterday tattLH. Prieee had ipwul higher la take lata aeeaaat Tharaday'»
    921 words
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  • COMPANY NEWS
    • Article
      Waltons Bond controls Norman Ross
      267 11 AN UNEXPECTED move within the Sydney retail store sector has led to Bond Corp Holdings Ltd associate Waltons Bond Pty Ltd taking complete control of Norman Ross Discounts Ltd. Waltons Bond said it bought fellow retailer Grace Bros Holdings Pty Ltd's 57 per cent stake
      267 words
    • Article
      Need for cash prompts sale of Dunlop M'sia
      682 11 LONDON-BASED analysts ssy they were not unduly surprised by Dunlop Holding's recent sale of its industrial interests in Mainyrf* to Pegi. "I didn't know it was coming but it does follow the earlier PegiDunlop plantation deal," comments Mr Robert Carpenter of Montagu
      682 words
    • Article
      Diversification may help sustain BAT(S) earnings
      439 11  -  Market Talk... By CHRIS LIM THE diversification into properties could help sustain the earnings of British Amerleaa Tebaece Ca (Stogapwe) Ltd and Caid Storage HaMiags, PLC. This is the (pinion of Sun Hung Kai Securities (Pte) Ltd, the local arm of broking firm Sun
      439 words
    • Article
      Lock icon Hongkong faces headache over promissory notes
      1421 11 Letters B have a hybrid function; From the government's point of view they are debt instruments. From the holder's point of view, they are property futures. As debts, they have proved formidably expensive, since they are effectively indexed to what has been a soaring
      FT  -  1,421 words
    • Article
      Lock icon In Hongkong...
      115 11 Reuter SUN HUNG Kai SecuttlM Ltd has signed an agreement for a HK$2OO million commercial paper facility with Basque Paribas. Sun Hung Kai said in a statement the facility will enable it to raise shortterm finance by means of bearer bills of exchange. The bills will have tenures
      Reuter  -  115 words
    • ASIAN STOCKS
      • Article
        Sydney
        404 11 SHARE prices yesterday recouped early tome to close steady in moderate trading. 11» AD Ordinaries index closed unchanged at 473.4. The sharply lower profit reported yesterday by market leader BHP was about as expected and the share price closed unchanged at A|7.10 after an initial decline. In the retail
        404 words
      • Article
        Market closes easier
        170 11 HONGKONG STOCKS closed off the lows yesterday on late liquidation purchases, after early easiness due to (ears that local interest rates would stay Arm, dealers said. A Chinese language newspaper had quoted Financial Secretary John Bremridge as saying a rates cut in Hongkong should wait for further
        170 words
      • Article
        Tokyo slightly lower
        493 11 SHARE prices yesterday (ell slightly in light trading amidst uncertainty about its future course, with the market average closing down 6.86 points at 7,220.51 on volume 330 million shares. The Tokyo Stock Exchange index shed 0.90 to 532.80. Biotechnology issues gained ground while cars, steels and heavy
        493 words
      • Article
        Bangkok
        123 11 JULY a BAhts Aokbam nm Art* Fibre Antthm In*. And Trust Buik But Of Ayudhajrm Z n +1 I m iae unch bau abot Berll Jucker ChAroonc ThAl Firestone First Trust 40 uncfi OoodiMr industrteJ ITIxias* 0* Corp JAlAprAtoAn Cement touo uuo -i -i MetAl Bos 7M unch Psmi
        123 words
      • Article
        Manila
        77 11 two tun a itM AKSS"! UK 14JI unch Bute FMrotoua 7 unch Banmat Coo. B CDC* tmt Pbtt Hklga unch M unch ♦•j Muladoquc B M»m—1 -OJM ♦0.08 li unch Oriental B Phil Owmi Phim B III ill -<um uncb +QJM Ptcop B Pint—m purr at* ♦OJft Podeo S3
        77 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      110 11 NOTICE NOTICE IS HEREBY GIVEN that, I Fung Yee Soon of No. 15-9 A Jalan Rlang, Singapore, have applied for a Retail Beer Shop licence in respect of premises at Lee Ann Supermarket, 15-9 Jalan Rlang, Singapore, and that this application will be heard In Court No. 5, Subordinate Courts,
      110 words
    • Advertisement
      Page 11 Advertisements Column 2
      351 11 Asia, at your finger tips... Speed readinB there U another w *y y°" dan know a great deal more in much less time. The vy ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten yean of editorial expertise. We have extracted and accumulated
      351 words
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  • Chief Price Changes
    • Article, Illustration
      SINGAPORE
      233 12 SHARES maaaged to Md en to their early galas at the Stock Exchange «I Singapore yesterday as intermitteat beats of profit-taking were offset by Increased short-covering activities. The Straits Times ladastrial Index extended Wednesday's 11.44-point gala, Mug 2.94 points higher at C 8&55 while the Easiness Times Indicator of
      233 words
    • Article
      Selected indices
      50 12 FINANCIAL TIMES INDUSTRIALS Thursday 573.2 Wednesday 573.2 Week Ago 556.4 Friday 1283.56 Thursday 1299.52 Week Ago 1300.96 AUSTRALIAN INDUSTRIALS DOW JONE8 AVERAGE INDUSTRIALS Thursday 832.00 Wednesday 832.19 Week Ago 827.34 Friday 821.2 Thursday 624.5 Week Ago #10.7 ALL ORDINARIES Friday 473.4 HXHANG SENG Thursday 473.4 Week Ago 453.8
      50 words
  • Article
    LONDON STOCKS
    797 12 THE LONDON stock market closed quietly firm yesterday, reflecting a hopeful outlook for short-term domestic and US interest rates, dealers said. At 3pm, the Financial Times index was up 4.7 points at 577.9. Initial demand for government bonds left jobbers short and the government broker released supplies of
    797 words
  • Article, Illustration
    Metro diversifies into property development
    487 12  -  HM Companies Editor: Mano Sabnani By SIOW LI SEN THE Metro group will ooon embark on its first property development project five years after it first ventured into the building and construction business. The project, an industrial complex, will be undertaken by a Joint venture
    487 words
  • Article, Illustration
    Transmarco stays confident
    565 12  -  By CHRIS LIM RAPIDLY expanding Transmarco Ltd, which was listed on the Stock Exchange of Singapore earlier this year, expects its expansion plans to see it through another successful year in 1983. Chairman Jopie Ong Hie Koan, in he company's 1982 annual report, said more retail outlets
    565 words
  • Article
    Dunlop sells off its stake in Malaysia
    663 12 DUNLOP has become the third tyre major to sell off its stake in the Asean region to local interests in recent months. Bridgestone, Japan's leading tyre maker, took the more drastic measure of closing its Singapore manufacturing plant about two years ago following
    663 words
  • Article
    Two directors file suit over IOI land deals
    393 12 A SUIT has been brought by two directors of Industrial Oxygen Incorporation (IOI) against the company and four other directors on the board on some proposed land deals. 101 has informed the KLSE that a writ and statement of claims has been
    393 words
  • Article
    MBF to buy Miltrade for M$26 million cash
    345 12 MBF Holdings is the third Malaysian company in the past two weeks to resort to paying cash for a property company, following rejection by the Malaysian Capital Issues Committee of its intended acquisition through the issue of new shares. The property company
    345 words
  • Article
    COMPANY BRIEFS
    42 12 THE KUALA Lumpur Stock Exchange has written to Pegl Malaysia Bhd for details of its proposed joint venture in Singaopre with Dunlop Holdings. MR NG Hong Chai has resigned as a director of Lsytape BM with effect from July 9.
    42 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      54 12 You've solved the Cube Now tune-in on Pac-Man rhe —-iSLfji ou Nof d Com P"te'Gome. J The secret of the world's fastest moving video game is here in Penguin I Now available at all leading bookshops and emporiums. Distributed by jfpl 1 New Industrial Road, Singapore 1953 LiiJ A member
      54 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 OUTLOOK for Singapore today: Fair. BepM-t for 24 hum prior to 7Jt pm on July 23 at the airport: Maximum temperature 32.0 Associated humidity 68 Minimum temperature 26.2 Associated humidity 92 Hours of sunshine 10.35 Rainfall in millimetres Nil Total rainfall for the month 76.3 Total rainy days for the
      52 words