The Business Times, 22 January 1983

Total Pages: 12
1 12 The Business Times
  • 10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JANUARY 1183 60 CENTS
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  • 564 1  -  By JOHN LIM ATARI Inc, the US computer manufacturer with turnover exceeding $2 billion last year, is investing in Singapore after all. Although it has decided against making its new home computers here, settling for Taiwan instead, Atari will be making
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  • 339 1 Reuter EIGHT military colleagues of Thai army chief Arthit Kamlang-Ek yesterday followed him in resigning from the Senate in an apparent bid to push civilian legislators into amending the constitution. Among those who gave up their appointed Senate membership was the commander
    Reuter  -  339 words
  • 711 1  -  By ANGELINE TAN JUDGING from the latest Urban Redevelopment Authority land sale, the government stands to receive 18.4 billion from the sale of Marina South, which is $3.4 billion more than the estimated $5 billion required to build the Mass Rapid Transit
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  • BRIEFLY...
    • 86 1 Reuter THE number of people out of work in the European Economic Community climbed to around 12 million last month, matching levels in the United States. The community's statistics office in Brussels yesterday said the unemployment rate of 10.8 per cent is now at its highest level
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    • 55 1 AFP TAIWAN yesterday banned direct sailings by vessels of all nationalities between its ports and those of China's. Lloyd's in London said the move, which is being strictly enforced, is seen as part of Taiwan's diplomatic campaign to resist sovereignty claims by Beijing, following China's "hard line" on
      AFP  -  55 words
    • 63 1 Reuter JAPANESE Prime Minister Yasuhiro Nakasone returned to Tokyo from Washington yesterday to a storm of criticism over his remarks there on defence. Opposition parties have condemned his pledges in the US to build up Japan's armed forces and he is expected to face heated debate in Parliament
      Reuter  -  63 words
    • 63 1 AP A BRITISH soldier based on the Falkland Islands yesterday said he and his comrades are being forced to work seven days a week, lack proper sanitation, are suffering food poisoning, and are not getting any beer. British Defence Minister Michael Heseltine has ordered a deputy "to investigate
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    • 52 1 Reuter BRITAIN'S inflation rate slowed in December to a year on year 5.4 per cent from 6.3 per cent in November, the UK employment department said. The retail price index in December fell 0.2 per cent to 325.5, base 1974, after rising 0.5 per cent to 326.1 in
      Reuter  -  52 words
    • 48 1 AP SOUTH China's Guangdong province, which plans to build a nuclear power plant, expects to use "several times" more foreign funds this year than in 1982, the official Xinhua news agency reported. Guangdong signed 7,200 contracts involving a total foreign investment of US$l6O million in 1982.
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    • 67 1 Reuter CHINA'S production of washing machines and tape-recorders almost doubled last year and output of colour televisions soared 45 per cent, the New China news agency said. Television production reached a record 5.6 million in 1982, including 220,000 colour sets. Chinese families owned 15.62 million television sets
      Reuter  -  67 words
    • 56 1 Reuter INDUSTRIAL output slipped by about 1.5 per cent in the European Community last year as the world recession continued to bite, the community's statistics office said. The office said its industrial index for last October showed production had fallen continually since the summer and had dropped back
      Reuter  -  56 words
  • 317 1 Reuter AFP UNITED Arab Mratoe (UAE) OU Mlatoter Mm StM AHHetba nU Opee might be hrai to rate* lis earreat s|| rrtwiMn price UBSJ4 a barrel If It falls to agree ea faetos. la aa tatarrtow r-llhbi
    Reuter; AFP  -  317 words
  • 482 1  -  By SOH TIANG KENG INTRACO, the government-backed trading company, has joined hands with two US companies to introduce a "thinking" system for buildings in Singapore. By integrating functions such as air-conditioning, fire, security, energy management, elevators and communications, including office automation, the
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  • 174 1 Reuter LABOUR shortage in Malaysian agriculture, particularly on palm oil and rubber estates, cost MJIIO million a year. Mr Lim Sow Ching, an economist with the Malaysian Rubber Research and Development Board, yesterday said the steady yearly decline of more than one per cent
    Reuter  -  174 words
  • Page 1 Advertisements
    • 259 1 Published and Distributed by Rg| FEDERAL PUBLICATIONS nKi 1 New Industrial Road, Singapore 1953 L J A member of Tha Timas Organisation HEAVY inflow of funds from abroad in recent weeks has bolstered the value of the Singapore dollar against the strong US currency Page l BIG Bird and his
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    • 105 1 yZtJUive Enjoying a grand tour of the finest golf courses. Not surprisingly, really, when vou consider the fact that standard features in the Titleist Tour Model are custom refinements in other clubs. And the choice of grindings. heads and shafts in standard Tour Model sets offers even greater custom payability.
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    • 165 1 ^+-&)\}[{{_(\))^^|{}$*(<?+|/={[ <yt c O V»/TVn and In time with time ***** 6110 fi *****-4110 J i* ***** 5211 4b *****-6109 If ttf V-. N > ASU WATCH CENTRE G 16 Katong Stopping Centre CHEW CHEONO (JEWELLERS) 230-2* l i*« Floor Sua* Centre HOMETRONICS TRAOtNO CO TO LTD TK3RESS TO LTO
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  • BANKING AND FINANCE
    • 498 2  -  By SOH TIANG KENG HEAVY Inflow of funds from abroad In recent weeks has bolstered the value of the Singapore dollar against the strong US currency. During the past week, the local dollar bucked the general trend when it Armed against the US currency
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    • 156 2 HARUO Maekawa, governor of the Bank of Japan, said he is still watching the trend of the yen rate before taking any decision to reduce Japan's official discount rate from the current 5.5 per cent. On his return from the Group of 10 meeting in Paris,
      156 words
    • 479 2 Reuter POLITICAL uncertainties at home and the apparent reluctance of the US Federal Reserve Board to cut rates seem to have weighed against a Bundesbank interest rate cut, commercial bank economists in Frankfurt said. The Bundesbank limited its move on Thursday to a four
      Reuter  -  479 words
    • 284 2 Reuter BRAZIL'S four-point foreign debt financing programme is likely to be resolved by Feb 10, Morgan Guaranty Trust Co executive vice-president in charge of worldwide banking, Peter Smith, said. Negotiations on Brazil's request for US$4.4 billion of new loans in 1983 could
      Reuter  -  284 words
    • 663 2 Reuter THE Swiss franc and Japanese yen are likely to be the hardest currencies in 1983, Union Bank of Switzerland said in a review of foreign exchange prospects for 1983. It predicted serious difficulties for Switzerland, with regard to )obs and industrial capacity use,
      Reuter  -  663 words
    • 381 2 CONTINENTAL Illinois Corp chairman Roger Anderson is optimistic that 1963 will be a better year for the company than last year when image and profitability were hurt because of the relationship with the failed Penn Square Bank. Anderson said in Chicago he expected non-performing
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    • MONEY AND EXCHANGES
      • 451 2 THE foreign exchange market yesterday was featureless, with rates fluctuating. The US dollar weakened from a firm opening against major currencies but maintained a steady note at the end at the day. Trading against the local currency was relatively quiet on mostly commercial demand. The US dollar opened
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      • 130 2 THE US dollar was little changed against other major currencies in quiet, late trading yesterday with traders reluctant to take positions ahead of the weekend, dealers said. The dollar was steady at 2.4155/65 marks against 2.4150/58 at the opening but was below New York's 2.4175/90 close Sterling stood at
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      • 1 2
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      • 112 2 THE DOLLAR for overnight delivery closed slightly lower at 235 00 yen In moderate trading after opening at 235.10 and falling to 234.00. This was below the 235.35/55 finish in New York overnight and the 235.15 close in Tokyo on Thursday. Trading volume was s moderate $1.56 billion. The
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      • 181 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 21: UIDOin<M f Offer Bid 7 days 9 8* 1 month B 8H 2 months 9 8H 3 months 8* 6 months 9 Vie 91/16 9 months 9 5/16 9 3/16 12 months 9* 9H DM NM 1
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      • 45 2 RANGE of prion offer ed by discount houses on Jan 21 Oventfgiit: |v, Call deposit! Iw Ctsatef hTi«l S«Uia» 3-month Treasury bUU 3H 3 3- month Bank bills 8* > 3 months CO 7* 7* 6 months CD 711/16 7 9/16 Source: National Discount Co
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      • 252 2 GOLD FUTURES In Singapore yesterday fluctuated narrowly throughout the session in light trading before rinsing slightly firmer than the overnight New York levels. Total sales for the day was recorded at 10€ lots while kerb volume at 756 lots Prompt closed slightly higher at U*****.50/4M.50 an ounce compared with
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      • 22 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.58 per cent.
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      • 33 2 >fcw York 12T3B II,KB 12J06 1x12s turtch 12-MB 12JOB 11.7B 12JDS taftpa* 12.78B 1315B 12JB UK CV*lng prk Mi in US d loilarv i troy mo Bl Source: Credit Suisse, S'pore.
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      • 49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be iswed from Jan 24 to Jan X: Offered: 180,000,000 AppM tor: $100,000,000. AUsMed: $80,000,000. Aeeeptad Mfe: 199.23 approximately 92 per cent; higher bids in full. Average rate ef tsesaat mm allotment: 3.085 per cent per annum.
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  • Page 2 Advertisements
    • 225 2 fir i If ikUIII] J: will I E *4*l Simplified Foreign Exchange OAViD 8 H CHEW Simplified t import Export Financing L.. rMYp*"* > •"»«»!<« UK MM*. I "Mm» r. »l I Banking ond Finance The money market is a complex and highly competitive one. There is a need, even
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    • 207 2 SL MARINA CENTRE DEVELOPMENT PTE LTD Our Company is currently engaged in the development of The Marina Centre in Singapore which, when completed in mid-1985, will comprise 3 luxury hotels, the largest retail complex in the region including tour department stores, 240 specialty shops, a supermarket and a mini-cinema centre,
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  • TRADE AND INDUSTRY
    • 276 3  -  By SOH TIANG KENG NORTH-east Asia, which accounts (or a quarter of Singapore's total external trade, is the Republic's top regional trading partner. This region covers China, Japan, Hongkong, South Korea, North Korea, Taiwan, Macau and Mongolia. Latest government statistics show, the Republic's
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    • 500 3 THE 32nd annual convention of the Travel Agents Association of India will be held in Singapore in May this year. Mr Karan Sarwal, president of the association, said about 500 delegates 300 from India and 200 from other countries are expected to attend the fourday meeting opening on
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    • 833 3 SEMINARS AND COURSES Jan 3-28 (Mondays, Wednesdays and Fridays): Working Capital Management, YMCA Palmer Road, NPB Jan 3-Feb 2 (Mondays, Wednesdays and Fridays): Computer Applications in Accounting Finance, Cuppage Centre, NPB Jan 4-27 (Tuesdays and Thursdays): QC Circle Facilitator Training Course, Cuppage Centre, NPB Jan 4-Feb 3 (Mondays,
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    • 531 3 BIG BIRD and his friends from Sesame Street will be invading homes in Singapore and not just over the television set on Saturdays. Scores of book salesmen will be calling on families, especially those with young children, to promote some of the latest books
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    • 223 3 THE FIFTH North of England Development Council trade mission has clinched about £260,000 worth of orders during its week-long visit here. Its leader, Mr Dick Parker, yesterday said his mission members expect several more orders in the near future. > The orders were
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    • 257 3 A LOCAL company Involved in the manufacture and fabrication of stainless steel equipment for the catering business has invested nearly 14 million to expand its facilities. The company, Steel Industries Pte Ltd, spent $3 million on a new two-storey building at Eunos Industrial Estate
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    • 293 3 THE Government is planning to build a second circuit for learner drivers at Kampong Übi Industrial Estate. This was disclosed by Mr Chua Sian Chin, Minister for Home Affairs and MP for MacPherson, at his constituency's road safety exhibition last night. Unlike
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    • 632 3  -  By RICHARD SEAH COMPUTERS in Singapore use up at least 400 tonnes of paper each month, generating a 520-million-a-year market (or computer forms. And as computerisation gathers pace, this market is expected to grow at about 30 per cent annually for the next two
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    • 147 3 A FTVE-day seminar on security training for the oil refining industry will be held in Singapore from Monday. Organised by Mobil Oil Corporate Security, the seminar will be attended by 13 senior security advisers from Mobil affiliates in Indonesia, Thailand, Malaysia, Singapore, the
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  • Page 3 Advertisements
    • 158 3 vAiioi>. s mnr^ #r •"V wA ,v>; te& 1 \V -r 5 > vv -i? 4 v r ♦M Baron's Table Sunday Brunch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. For starters, there's an array of appetizers to choose
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  • OVERSEAS
    • 495 4 Reuter PRESIDENT Reagan thinirc the US economy will begin recovering this year and that the budget for the 1984 financial year which he will unveil on Jan 31 will help speed the process "I see an American economy and an America on the
      Reuter  -  495 words
    • 400 4 Reuter A WORLDWIDE sales boom has thrust home video tape recorders (VTRs) to the centre stage of the running trade dispute between Japan and its trading partners. The VTR was not a major bone of contention until recently in the dispute which had mainly involved cars,
      Reuter  -  400 words
    • 382 4 KONTENA National (KN) will be calling on consignees to accept delivery of boxes at nlgbt and weekends in its efforts to clear up the unexpected surge in containerised Imports. Containerised imports, which traditionally hit a peak during the three months between November and
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    • 356 4 Reuter A NEW Zealand farmer turned businessman has launched what he describes as a unique enterprise in Spain selling a powder made from bulls' testicles. Neatly packaged in sachets and blended with a touch of garlic and salt, the product is labelled "to
      Reuter  -  356 words
    • 284 4 AP POLLSTER Louis Harris said a majority of Americans are losing patience with President Reagan and many believe be should not seek re-election. Harris told the Consumer Federation of America's consumer assembly: "People don't think this president is fair. The public has a short memory.
      AP  -  284 words
    • 745 4 ARRIVALS Service I<or«l Operator Namber Time Froa MAS MHK2 1000 KCH RBA Bid 1000 BWN MAS MH671 1020 KUL CPA CX710 1030 HLP MAS MH811 1040 PEN SIA SQ103 1100 KUL GIA GA960 1100 HLP SIA SQ201 1130 HLP THAI TG403 1140 BKK GIA GAM) 1150 MES
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    • 593 5 Reuter SIGNS are emerging that Saudi Arabia may accept a further cut in oil output to prop up world oil prices when Opec ministers meet in Geneva at the weekend. The Saudis have been faced with a policy dilemma since Opec failed
      Reuter  -  593 words
    • 1008 5 VmmI Berth Arrival Departure SEMBAWANQ KEPPEL WHARVE Grez Jenson n Tomoe 145 Tharatharn Andromeda Builder m Llkas Venture Temburong Waheng PASIR PANJANQ Balsa 4 Korean Crown Mercurla Ocean Glory No 6 PakartlDua Frycz Modrzewski King Star Nlagam Postojna Sunshine 31/2 alongside 22 alongside 15/6 alongside 28 21.1/1700
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    • 211 5 JAPANESE motorcycle makers are concerned the US may slap import curbs on large motorcycles as a sequel to a ruling by the US International Trade Commission (ITC) on Wednesday. Such restrictions would deal a heavy blow to Japanese makers since exports at large motorcyles to that
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    • 569 5 AP AMERICAN Trade Representative William Brock yesterday said high taxes and government red tape must share the blame for the inability of the US to sell more products abroad. "You really can't put all our problems at the doorstep of inequities on
      AP  -  569 words
    • 272 5 Reuter THE political future of Irish opposition leader Charles Haughey looks cloudy after revelations of wire-tapping and bugging during his administration have forced the resignation of the country's police chief. Patrick McLaughlin, commissioner of the Garda Siochana (police), and the deputy in charge
      Reuter  -  272 words
    • WORLD IN BRIEF
      • 322 5 Agencies THE US economy should show real growth of 2.4 per cent in 1983, topping the 1.4 per cent expansion of real gross national product (GNP) projected by the administration. The Conference Board said strengthening business conditions suggest growth this year will equal or exceed most private
        Agencies  -  322 words
    • 186 5 AP JAPANESE steelmakers are "astounded" by accusations from American competitors that they have formed a secret worldwide trade cartel with Europe Seiichi Muto, chairman of the Japan Steel Information Centre, told a news conference in Washington he was asking the US government to reject the
      AP  -  186 words
    • 305 5 AFP THE president of the European Economic Community (EEC) Commission, Gaston Thorn, yesterday urged the Japanese government to contribute to a negotiated solution of the bilateral trade dispute caused by the EEC's deficit with Japan of US$l4,OOO million in 1982. Speaking at the opening of
      AFP  -  305 words
  • Page 4 Advertisements
    • 110 4 it's h?"? '9 ~J afl 3 0 1 I I 1100 brilliant photos, 440 pages, specifications onlooonew models, etc. all beautifully presented in an attractive and sturdy hard-back volume. Only $126 i *2 K '<gm. T x. ••v •V.' 4 X m I n t V; 2V^ sr j* str
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    • 30 4 Pan Am To Hongkong Daily At 8.15 am It s Thv Firsf flight Out cV I hr Hrst f light In. Q7 Pan Am.You C an t Beat the Fxpt'rience.
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  • Page 5 Advertisements
    • 184 5 mat nthe yefow pages emon cmpetitors yea. Cost-effective advertising that works hard36sdays a year. Smart businessmen know that it pays to advertise. Especially in the Yellow Pages. Because an ad in the Yellow Pages reaches people who have made their decision to buy and are now looking for a seller.
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  • 500 6 PERHAPS Mr Ong Teng Cheong had London in mind when he said that MRT stations would need to be friendly places. Certainly it is not advisable to buy a return ticket on the London Underground because a lengthy wait on one of its platforms can lead
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  • 492 6  -  By IGBAL ATHAS UPI A FORMER British military base in the Indian Oc?an island republic of Maldives is being developed as the latest atoll to get away from it all. Government officials hope the remote V/i--square-kilometre Gan Island, vacant since 1976 and once proposed as
    UPI  -  492 words
  • 99 6 Letter I CONCUR wftt the views exprem* by Mr Lawreaee (BT Jmm 10) ud JN (BT Jmm 18) aad again irp the Gevenunent to «ware fair play In r seeiety by settfag ip peeper mm» n»eat systom to eereea the fuUflnttoM, experleaee am 4 peed
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  • Page 6 Advertisements
    • 267 6 The Office Book Ideas for creating your company image through design THE OFFICE BOOK is the first comprehensive, practical |^L guide to planning, designing and decorating the modern office, with professional advice on how you can translate these ideas I into your own office, whether large or small. Starting from
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  • Page 6 Miscellaneous
    • 636 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 It's played during a Witches' Sabbath (5) 6 Because it rhymes with mince (5) 9 Ropey artist (7) 10 It's very hard on Dick (5) 11 Better resort at the far end (5) 12 Divers' distortions* (5) 13 Seats at predetermined starting-points (7) 15
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    • 797 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street 2.00 Blackstar The Mermaid of Serpent Sea Blackstar and the Trobtxts join the Mermanite Queen in her struggle against the Phantom Pirate, Typhot, who seeks the power and knowledge of the Sagar Tree. 2.25 Saturday Matinee When Eight Befs Tol 4.00
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  • 1244 7  -  Jon Nordheimer on the rival versions of Secret Agent 007 Jon Nordheimer AFTER 20 years of chasing archvillians and voluptuous women across the movie screen, commander James Bond, a.k.a. Secret Agent 007, will be back again this year, this time in rival film versions. One
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  • 323 7  -  By GLYN MAY AIS TECHNIQUES ased by the Cemmea wealth's beet athletes captared la slew metlea h a University ef Qeeeaslaad film project will he staged laternatleßally te Improve sperts training. Kmwi as the Cemmenweaith Games Btomechaak* Project, It lavslved the expssare si theasaads
    AIS  -  323 words
  • 439 7 Executive feeds on errors in hotels' menus A CERTAIN hotel executive takes a great delight in reading coffeehouse menus from other hotels. He has unearthed several gems. For instance, you can order "fresh, frozen garden vegetables" to go with your main dish, and if you have
    439 words
  • Page 7 Advertisements
    • 392 7 One of the "notable books of 1982. —New York Times Book Review. Decembers,l9B2 esca^ n a te 1978 with a rusty freighter called the Hai Hong. It continued by chartered ship and by stolen b°at and by foot across dangerous seas and dangerous 11 became one of the modern world's
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  • Page 8 Advertisements
    • 239 8 Where to wine, dine and entertain with the American Express Card If you don't already have the Card, call *****33 tor an application torn" IS)cAwjfc •RTLXMHteS >7 2 A Ps -J A H Singapore ssg£sr.»$12* P« r Pf^%* I .rl to W» c THE GYPSY GOES WESTERN... The Gypsy, versatile
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    • 171 8 fi*IUiU JAPANESE RESTAURANT horsushi. For teppanyaki. For other authentically Japanese delights. n r ,nJ,:\ 'V p >tt 11 ti) i > •»,i /1 hor reservations -«v cd// 7.5'7 2 '*iilll r\ I irU *■»I h lit >i i•Si i| >< >|-< offers JAZZ BRUNCH on Sundays 10.30 a.m.-3 p.m. $21
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    • 200 8 asssgx-&-_ gsjpjg K&sofe£®sBfeJ., sr.v»«fiv*.v, L'escargot. Restaurant extraordinaire. (Our menu is a gourmet s delight) rv °8E"0< IMPERIAL SINGAPO«V_^- 7 1 JALAN RuMBiA SINGAPORE 09?3 TELEPHONE NO /3/lbtob Qwtwig Company hfcno Holds International Ltd Experience superb Seafood and unique Chinese cuisine continenj^lambience. Y Sta-'JixxC-Jfieatre Please call *****83 for reservations. Ull PLAZA
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    • 145 8 drink with the Louis'fan Three-Q. BUNGE Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night.* It's the nicest way to jazz up your favourite drink. 'n«pi Wn A great place to be. IT, Dine in the grand tradition of emperors Where sumptuous mea
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    • 134 8 to the musk of the Haumlerbirds' you know. And whin th• drinkt finally hit you. I*t your thoughts tfi* mimic of THE THUNDERBIRDS fills your Md. Drop in 11.00 am to 1.00 am on waakttayt <**Pro 2.00 am on msakandSJ. I < •V/ r-' during Happy Hour* from 6.00 pm
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  • RAW MATERIALS
    • 175 9 CHINESE PrMaee Exekaage, lappirr mm rlirtu price# per 1M kg yesterday. fir Mat *il: Bulk fob $96.00 sellers, old drum (in second h»nrf drum) fob $109.00 sellers, new drum fob $113.00 sellers. Cspra: Mixed (loose) $55 buyers. Pepper: Muntok white pepper fob Asta NLW $342.50 seUers, Sarawak white
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    • 197 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yara: China Bhie Phoenix 20b 2,410; 32s 2,890, 40b 3,095 (per bale of 400 lbs). Piece gee is: China Butterfly and Globe brand unq; Dragon Head unq Five Lambs unq; Flower and
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    • 318 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godowa: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.72, 100 per cent third class 0.67, 25 per cent new crop no stock, B-10 per cent 0.64. THAI BROKEN: A-super 0.60, Special 0.57.
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    • 312 9 THE RUBBER market in Singapore yesterday closed firmer with February One RSS buyers quoted at 171.50 cents per kilo, up 1.25 cents compared with Thursday's close, dealers said. The morning session gained one cent on some trade covering and buying interest. Prices rose fractionally in quiet afternoon trading on
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    • 30 9 Rubber: Jan 21 Singapore: February: 171.50 cents (up 1.25 cents) Malaysia: February: 191.50 cents (up one cent) Tin: M 529.15 per kilo (unchanged) 80 tonnes (down 115 tonnes)
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    • 81 9 THE STRAITS tin price in Penang yesterday continued at the ITA fleer level ef M 529.15 a Idle, dealers said. Seme dealers, noting the sharp drop in turnover to 81 tonnes from 115 on Thursday, said this could indicate that seme small local miners had exhausted their supply.
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    • 317 9 RAS prices In cents per kilo yesterday: n^aa (per kilo) (per kilo) Int. 1 R.S.S. prompt f.o.b. 1* 00 Int. 1 R.S.S. February 171.25 Int. 1 R.S.S. March 174 25 Int. 2 R.S.S. UB.00 UK/Coat 1*7 00 Int. 3 R.S.S. 1T.50 UK/Coat IMJO Int. 4 R.S.S. 156-50 UK/Coot.
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    • 83 9 NOON 881 1 and SMR priea* jn* ~*T KAS Mntn (OUTMt MU) Mint (hmi4Mtk) ssaao (1-loa palbt) 167.60 llAMN 168-60 16* JON SSR SO (1-taa paDat) 1UJ0 164.60N 164.60 Met* 16U0N mm SMRCV (1-taapalh*) 107.00 T 1WOON 1*8.00 300 DON 300.00N SMRL (1UB palbt) 197 00 1W00N
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    • 272 9 BETTER turnover was recorded this week as February One RSS went up four cents to a high of 173'« (S) cents More most o( the gain eventually petered out, says HsMay, Catfer aid in its rubber review for the week ended Jan 21. Initial steadiness
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    • 300 9 Reuter MINERO Peru Comercial (Minpeco) of Peru yesterday said it has declared force majeure on shipments of copper cathodes because of a two-week old miners' strike. A company spokesman said clients were informed the measure would take effect yesterday and last for as
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    • 487 9 Reuter THERE IS A good chance parity will be achieved before long between tin prices on the Penang market and the London Metal Exchange (LME), International Tin Council (ITC) buffer stock manager Pieter de Honing said. He said the gap between
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    • 339 9 Lewis Peat predicts volatile market ahead Reuter NATURAL rubber prices are unlikely to see a major upturn this year, although a return of the speculator could make the market more volatile. Lewis and Peat (Rubber) Ltd, in its latest market report, yesterday said underlying market trends were basically unchanged and
      Reuter  -  339 words
    • 645 9 COFFEE: Robusta futures at midday stood between £1 and £8 a tonne below Thursday's close in mo6t traded positions. Futures volume yesterday morning totalled 1,293 lots and included 439 self-trades. SUGAR: Raw sugar futures were extremely quiet yesterday morning, ending at midday between fiO.XO up and £0.35 a
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    • 122 9 AFP MALAYSIAN crude palm oil (CPO) output plunged last month to an unprecedented seasonal low of only 200,000 tonnes, although production for the year as a whole reached a record 3.5 million tonnes. The Malaysian Business Times yesterday said in line with the usual seasonal decline in
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    • 133 9 THE Malaysian crude palm oil market yesterday closed firmer on short covering in quiet trading. In Jan, south region rose M 512.50 to M$T95 per tonne and central MJ7.50 to MJ7BS while in Feb, central firmed MJ5.50 to M 5787.50 and north traded at Ms7Bo. The refined market
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  • INTERNATIONAL STOCKS
    • 178 9 jam m m GROUPB CORBKILLR Air-Unukte 418 4-1 Carre four Plaanclsra da LUnkn Lateral Moat-Han n—«7 1346 ax to 2se •1 -0l2 -1A 011 11X40 4030 2 unch 4-OA C 8 r (ThomaonCla hmacmlm dm Patroiaa ClMR roocter Da Prance 14S i« -1 -87 Panarroya Bartkttafhnhnw 142-30 411 14
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    • 86 9 JAN 10 m Or Bru Lamb 1MB WIS IB uncb FOKWAKD MARKKT Potto Byl Dutch Btdro MM 100 -IS -10 T" SM J 1M0 unch AIM iim 0 8oc 0*n B*l( 1M0 -4 Astur la— «4 as 1 to Soflna Solr*7 a V Moot JOTS MM M10 -TO uncb
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    • 78 9 JAM Dm II lOOJO SUOB -0.4 Ai^TlMuaki o B-00 nan -OJ Horten KanUdt iiuo uuo uoch -3 10? litJO 000 -0.4 tiach KHD Unde 197 JOB 300.00 -u Contl Oumml Dtlmkr-Bini DIIum iauo 70JO m» -IJ 1.1 L4 rniaeM Rwe 8T A Scherlng 140JO 210 JOB IMJOO MM -0.7
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    • 103 9 JAM >0 Lira 198J0 -0.5 Hidiotaoet M llano A« Ord 11 j uulajlnft Da4« aioo ***** uncA -210 Bel Onlnto Ord Good Acqua Room Ertdanla lino an MO 7435 -ao -«o -4.7S -15 MonuAuon lit Montadlaoo OttvatU Ord PtralU And c nmn spa Ru I 10«7S at 2330 iai
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    • 180 9 j ah m Francj 1030 30 J Sulaer FY 304 -3 i\lupiii m Br. MB -10 Sulaer Iter 100 40 Biwu Borari Br. CIta (Mfy Br. Clba Odgy PC Clba Odp Rat Credit Bntam 130 1006 ins 1S10 708 IflS unch •10 10 -s 3 -6 Balaa Bui Dr
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    • 213 9 JAN JO CB Had Baj Mia U -M imp OO a A MUM B* -H loco 1»* unch Alean MH Int Pro» Pip* W» -M Air»» stm -M int at» m Baulk Moat BH unch Xntl Nlckal IS* unch Bank No*» Scotia S« Ktrr Add 11 Ball Tal a»
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    • 264 9 JAN 10 Rand Tnaat Bk MB Un Steal ft 41 INDUSTRIALS wooiworvi UN unco A Alpha ®o nnfh Atwrcom 310 -10 MININGS AX And CI USB Anglos MM -M Amanrop MO unch Anclvmal «MB +M0 A MIC MOO unch Blnoon MM Barlow* 1M0 unch BuffaU 7400 MO C O
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    • 157 9 JAN ao ABN ru 397.00 -1 KM) KLM UUMte 1430 ***** ♦Oil 4.1 Ahold Akao AMEV 132-30 3100 10U0 -SJ -13 unch Hurt" National Mad MJ* IX. 7* aoeb ♦M Amlu Amrotmk BST" Bote Bonuecr ma# -1 Nadllojrd i Nmb HM 114-10 1MJ0 14 -ft 4400 -0J Oca Orlnun
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    • 984 9 NEW YORK STOCK PRICES od Thursday finished narrowly higher as a surge in the oil stocks offset some of the growing concerns on Wall Street regarding the outlook for inflation. The Dow Jones industrial average turned in an erratic performance. It climbed almost six points in morning
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  • Page 9 Advertisements

  • 2368 10 BID and offer prices officially Usted and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL (1458 1306) (i)
    2,368 words
  • 3142 10 IMS/IMS Hick Low Company li or-Gr-i Div D1t CVr Or*. Net TTd P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 360 194 233 374 322 141 229 291 480 338 460 880 1520 400 243 460 1040 288 440 100 328 736 525 200
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  • 1666 10 BID tad offer prtcae aOclaUy listed «■d tHriMB la ud reported to the Kuala Lumpur Slock Exchaaav ymtcrdajr, wttfc the number of atuuta traded Moara la brackets ta tola of LOM units unlets othmwtm fled. UUIWMUU Am»(10B2MB) kj—mtt» (1MB) Mm (IMB IMS) (II) LB (1) in <•)
    1,666 words
  • 709 10 THE WMnatt ti eeUera ia afteraesa tnftg ettiel share prim to eleee sO-beat aa toe toeal stock exehaage ytowhy. Bit alew pupa were tnM ap Unady right frem toe atari. Brekers acted that selected eeaaters epeaed wtto a baag m UMtel laveahn, eager to kan a
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  • 543 10 A LATE round of profit taking trimmed early gains, taking share prices to a mixed to marginally easier close at the Kuala Lumpur stock market yesterday. Interest, however, remained in several plantation issues while a selected finance and industrial counters closed at peak levels in spite
    543 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 670 11 MALAYSIA'S International trading companies, styled after the Japanese sogosoebas, are at least one year late in getting their drawing board plans off the ground. Two of them have also yet to finalise their joint-venture agreements. It is no wonder that the Prime Minister Dr
      670 words
    • 298 11 Reuter THE scope for further gains on the London stock market looks fairly limited at present, brokers James Capel said in a study. The FT all share index of 750 stocks, calculated at about 386.07, is unlikely to rise very far above 400
      Reuter  -  298 words
    • 187 11 awurguomnu IT DIAMOND MOT mu (Mih|iii' |hm The Commerce Mr Jan M) (Mi mm' erieae Mr Mm MAM) 3.01 3.16 Dec Jan The S«vtag« Fund 1.71 LB Diamond S'pore Prog Fund 1J3 L« S'pore Fd(US») SI OX 0.51 S'pore Sec. Fund 2.01 J.11 1.M 1.23 S'pore Invest Fund
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    • 514 11 Date L Mt Fall ¥ei ir Cempeay rCnifl iMiHrrl Net EPS Orws Pre-tax laat year (Mali) Mr. Prefit <%) <nw) UIC F 19/11 2.8 5.0 4,916 MBF Hldgs F 7/12 2&5 9,795* Berjuntai I 28/12 40.1 65.0 21,609 Kings F 5/1 7.8 7.5 6,392 KUlinghall Tin F 7/1
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    • 639 11 Market Talk... WHERE to invest your money in 1983? The Financial Times asked some stockbrokers and fund managers for their views. PMUp Hmri, mi tan la the laftrnstt—l division, Philips Draw: "We think the strongest currencies will be the yen, the Deutsche mark,
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    • 517 11 Reuter CHRYSLER, the third largest US carmaker which was near bankruptcy two years ago, has proved a rewarding investment for those who bought shares during its darkest hours. Last year Chrysler turned in the best performance of any stock on Wall Street, rising nearly
      Reuter  -  517 words
    • 318 11 CORPORATE recurrent profits of Japanese industry will rise only 0.1 per cent in the second half of fiscal 1982, ending March 31, the Nomura Research Institute said. In a monthly investment review, It said if the oil and coal industry is not included, overall profits will show a
      318 words
  • ASIAN STOCKS
    • 396 11 HONGKONG PRICES cloaed sharply lower yesterday, extending early losses on continuous profittaking combined with liquidation selling ahead of the weekend, brokers said. However, they noted some investors were still attracted by favourable chart positions, while others were speculating over uncertainties of local property companies. Swire Properties led
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    • 179 11 THE Tokyo stock market yesterday rallied on sporadic bargain hunting in blue chips after three days of sharp falls, with sentiment encouraged by the yen's steadiness and the overnight rise on Wall Street. The market average rose 66.10 to 7,989.41, but trading volume was light
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    • 109 11 PRICES yecterday closed J*** *5» slightly higher in quiet trad- Sana union m men ing at the Securities Ex- j?™* change of Thailand, dealers *u cn, ■aid <*■«* tm unch mmcmk mjo 1 JAM n Bahta Ui MN Ttaii Dana Bank A gy i M Thai tarn Bank IN
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    • 92 11 SHARE prices yesterday Pint Phil Wdp i m ■HU firmed in sharply increas>2tod!aqua"7~ ZZZZ ♦u ed turnover of 30.02 million Malum OrMMl S MM Ml -AM pesos, up from 6.2 million Phil OlVMM •MM on Thursday, dealers said. Phllu Heap >Jt JAM 8 MM floowt PLOT ZZZ n ■ocb
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    • 312 11 SHARE prices yesterday closed higher across the board to brisk trading, led by keen Interest in gold stocks and leading mining issues, dealers said. At 1500 the All-Ordinaries index was up 4.4 at 540.6, mainly due to a 7.1 paints rise in the all resources index to 438.8. The
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  • Page 11 Advertisements
    • 326 11 i Britannica3 and dye yourself and your family the Bntannica advantage! it's the bey to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success (That's what a parent's love and responsibility are all about.) Certainly there's no
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  • Chief Price Changes
    • 159 12 Rises Glenealy 272 32 Johan Hldfi 300 10 Sel Properties 484 14 Seacorp 730 10 BAT 372 10 U P P 153 8 P P 100 7 C O 338 0 Mtltyiwitt 178 0 D B 8 810 5 Nat Iroa 745 5 Spore Land Shell 715 030 5
      159 words
    • Article, Illustration
      178 12 Rises Klllinghall Tronoh 1650 815 150 35 Petaling Tin 960 30 Sel Prop 545 20 Kuala Sidim 390 10 Malex 400 10 F E L'ston 5555 10 A Hitam Tin 700 10 T Langat 810 10 NSOP 214 08 Falls Syn Resins 506 -15 George Kent 770 -10
      178 words
    • 48 12 FINANCIAL TIMES INDUSTRIALS Thurssday 824.8 Wednesday 821.8 Week Ago 804.8 DOW JONK8 AVERAGE INDUSTRIALS Thursday— 1070.82 Wednesday 1088.08 Friday 871.99 Thursday 908.58 Week Ago 888.34 AUSTRALIAN INDUSTRIALS Friday -887.3 Thursday 886.3 Week Ago 880.8 ALL ORDINARIES Frtd&v 540.8 H.K.HANG SENG Thursday Week Ago 538.2 529 8
      48 words
  • 208 12  -  Letter to the Editor Ong Leong Chuan Director, Ming Ceart Hetel ar, We refer to yesterday's report on page 12 of Business Times entitled "Ming Court may be managed by MUI". We wish to point out that though the contract with the Goodwood
    208 words
  • 156 12 IN A belated announcement, directors of Leong Huat Industries yesterday informed shareholders that Mr Chng Gim Huat's proposed bid for the company had fallen through. The board of directors said it was "pleased to announce that, in a press statement dated Jan 7, the
    156 words
  • 122 12 KHONG Guan Flour Milling has had its group pretax profit slashed drastically to $57,478 from $960,829 for the interim period ended Oct 31,1982. Group sales were down sharply as well, from $25 million during the previous interim to $8.28 million. Khong Guan's results, in
    122 words
  • 838 12 HHNR Companies Editor: Mano Sabnani LIEN Hoe Industries Bhd (LHI) is flush with cash. Business Times understands it has received the full M 516.524 million from the sale of its 51 per cent stake in South Malaysia Industries Bhd (SMI) to
    838 words
  • 201 12 SYNTHETIC Resins (M) Bhd's one-for-one rights issue at M 11.20 each has been slightly over-subscribed. At the close of the issue on Jan 19, applications were received (or a total of 6.83 million shares, representing a surplus of 108,166 shares over the 6.725 million rights
    201 words
  • 467 12 PETALING Tin says that negotiations with Kumpuian Perangsang Selangor (KPS) are still continuing, which it hopes will lead to the implementation of the mining lease agreement of Feb 20,1961. Petaling Tin chairman Tan Sri Ibrahim bin Ismail notes in
    467 words
  • 838 12 THE market opened mixed yesterday though oils firmed on expectations Opec may decide to cut its oil output to defend prices, dealers said. The Financial Times Index at noon was off 0.7 points at 624.1./ Most of the leading oils were marked up 4p or 5p while Britoil
    838 words
  • 297 12 SHAREHOLDERS af dtttraMTair M'TUTCM! Tim I* makr a farewell I meettag yesterday were ottppilitd wkee bf tailed I» m»w ap. laitead, the meeting, beM at OCBC Ceatre, wu chaired by the aew ehalrmaa Tug l-Fug whe aald he ted heea appelated hy
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  • 389 12 BANK Simpanan Nasional will be allocated the biggest share of Sime Darby Bbd's special issue of 61.7 million new shares, which will raise bumiputra equity in the conglomerate to 37 per cent. Bank Simpanan Nasional will be offered 18 million shares
    389 words
  • Page 12 Advertisements
    • 228 12 ode m SCHOOL OF MANAGEMENT APPLICATIONS FOR ADMISSION TO MOA PROGRAMME 1983 4 Applications are invited for admission to the part-tima and full-time course leading to tha degree of Master of Business Administration. Candidates for the course must (1) be university graduates; (2) have an acceptable score in the Graduate
      228 words
    • 92 12 1 1 I 5: 8 2 £*2 Completely Revised Re-illustrated including full-colour photographs Totally Authentic Over 4 million copies of all editions sold annually Available At All Good Bookshops ONLY S$ 29-95 GUINNESS BOOK OF RECORDS ASK ANSWER GAME A fascinating and absorbing game of knowledge for 1 or more.
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  • Page 12 Miscellaneous
    • 60 12 OUTLOOK for today: Scattered showers in the morning and rain in the afternoon. Report tor 24 bun prtor to U pm m Jaa 21 at the airport: Maximum temperature 30.8 Associated humidity 69 Minimum temperature 24.4 Associated humidity 94 Hours of sunshine 6.80 Rainfall in millimetres Trace Total rainfall for
      60 words