The Business Times, 12 March 1983
1983-03-12
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The Business Times
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Title Section10 1983-03-12 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MARCH 12,1183 60 CENTS10 words
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411 1983-03-12 1 UPI OPEC ministers in London encountered a fresh crisis yesterday when Iran and Libya led an attack on Saudi Arabia's plan for bow much oil each of the 13 nations in the cartel should be allowed to pour into the already-gluttedUPI - 411 words
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210 1983-03-12 1 BIS Software has established a regional office in Singapore to centralise control of its operations in Singapore, Hodfekong? Tokyo and Sydney. The British-based specialist hanking and insurance software company said it will also improve the services provided to its customers in the region,210 words
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510 1983-03-12 1 RICHARD SEAH - By RICHARD SEAH PART-TIME employment agencies are enjoying the recession and feeling its ill effects at the same time. The recession has made it easier for the agencies to find parttime workers. This means the agencies can cut down on advertising. Those who register510 words
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512 1983-03-12 1 THE Malaysian government will review the buy-British-last policy in view of the positive change in attitude by the British government and its business community towards Malaysia. Prime Minister Datuk Seri Dr Mahathir Mohamad said the Malaysian Cabinet will now see whether the policy should512 words
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300 1983-03-12 1 THE National University of Singapore has decided to centralise all its research and consultancy services under the Applied Research Corporation. The Economic Research Centre of the NUS will be absorbed by the ARC on July 1. ARC went under the wing of NUS last300 words
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BRIEFLY...
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Article68 1983-03-12 1 Reuter JAPANESE Agriculture Minister Iwazo Kaneko yesterday said Tokyo will not agree to US demands (or increased import quotas on beef and citrus fruit as long as he stays in office. He said Japan does not need to increase imports of farm products as it is notReuter - 68 words
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Article67 1983-03-12 1 UPI SAUDI Arabia yesterday withdrew part of its investment in Japanese bonds, apparently because of the Arab country's worsening financial situation. Kyodo news service in Tokyo said the fund brought home by the oil-rich nation is estimated at 100 billion yen. Kyodo quoted securities company officials as sayingUPI - 67 words
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Article73 1983-03-12 1 AP THE French franc again came under heavy attack in Paris yesterday, slumping to its floor parity against the West German mark and losing almost six points against the US dollar, as speculation about a devaluation continued. The speculation was that a franc cut inside the EuropeanAP - 73 words
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Article79 1983-03-12 1 Reuter AN ANNOUNCEMENT was expected in London yesterday that a joint company would be formed, with major collaboration between RollsRoyce Ltd and United Technology Corp's Pratt and Whitney aircraft unit, to develop the RJ-500 jet engine for a projected 150-seat airliner. Rolls-Royce and Pratt will each takeReuter - 79 words
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Article74 1983-03-12 1 Reuter THAI Prime Minister General Prem Tinsulanonda in Bangkok yesterday appealed for calm to all political parties and protesters agitating against army-backed proposals to amend the Constitution during the current special session of Parliament. The plea came after hundreds of people staged an anti-amendment rally near oneReuter - 74 words
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Article68 1983-03-12 1 Reuter TELEFUNKEN Fernseh und Rundfunk GMBH, a subsidiary of AEGTelefunken AG, plans a total 17 days short-time working for around half the 3,640 workforce at its three domestic plants. A company spokesman yesterday said workers in the colour television assembly operations of the Hanover, Celle and Brunswick plantsReuter - 68 words
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Article66 1983-03-12 1 UPI FORMER Green Beret James Bo Gritz and four fellow Americans received one-year suspended sentences in Bangkok yesterday for the illegal possession of sophisticated radio gear in a search for US prisoners of war believed to be held in Communist Laos. "Thanks for the Thai justice," a relievedUPI - 66 words
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276 1983-03-12 1 THOMAS P O'Neill Jr, the United States Bwe Speaker, will be rmaag a grasp ef mom 44 top US government «ffletoia asd their stall whs will vbtt Singapore next month. The deiegatlaa will also laelade Mr Dan Boston» kowaU, chairman of the276 words
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468 1983-03-12 1 LOH HUI YIN - By LOH HUI YIN SINGAPORE'S first offshore storage terminal started operations amid forecasts of oversuppiy of space. The partially completed Van Ommeren facilities on Pulau Sebarok received its first cargo of petroleum products about two weeks ago. A company official said all the 200,000468 words
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Page 1 Advertisements
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Advertisement255 1983-03-12 1 Distributed by FEDERAL PUBLICATIONS rlri 1 New Industrial Road, Singapore 1953 A member of The Timet Organisation CONCERN is growing in Wall Street that Paul Volcker may not be reappointed as chairman of the US Federal Reserve Board when his current term expires in August Page t THE health food255 words
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Advertisement58 1983-03-12 1 Aero/Joi the largest civil i airline in the world with 60 years of flying achievements. AEROFLOT W-\fr mrt n. Sinyjp.'R OVitc << Markit Slrctt eOMMI. S.no.u Huildint Singapore OHU Icl W> T I It < |inc\) Kuala I urnp ir Icl 42" AucMan.i Icl 'VfOiw Kitij.-kok hi IWt*** S\Jnt> Jcl58 words
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Advertisement143 1983-03-12 1 -,?]"(@$/["]=,(>`?[^}|("]<?]{+& HARIO Leather shoes A better leather, a better cut Where quality is a principle and price, the result For the discerning, here is HARIO. For a few, but for always. is <* /Vjthonsed Dealers Robinson's (Clifford Centre) Te< *****8 747 Department Store 12 Mag Road #01-327 Tei *****75 Far143 words
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BANKING AND FINANCE
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479 1983-03-12 2 CONCERN is growing in Wall Street that Paul Volcker may not be reappointed as chairman of the US Federal Reserve Board when his current term expires in August. The final decision on Volcker's reappointment, which is in the hands of US President Reagan,479 words
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143 1983-03-12 2 Reuter THE NEW Western Australian state Labour government has approved the State Energy Commission's (SEC) plans to borrow a total of US$l.47 billion. Fuel and Energy Minister Peter Dowding in Perth yesterday said the borrowing programme to fund the Dampier to Wagerup natural gas pipeline wasReuter - 143 words
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484 1983-03-12 2 Reuter TWO-THIRDS of Midland Bank PLC's 1982 bad debt provisions, totalling £196 million, applied to overseas lending, with US subsidiary Crocker National Corp accounting for about 20 per cent. Midland chief executive Geoffrey Taylor in London yesterday said some of the group's sovereign lendingReuter - 484 words
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268 1983-03-12 2 Reuter THE SHANGHAI Commercial Bask Ltd Is to sffor shsrt tomi Isass to Hsagksag investor* whs waat to bay kragerraads. The baak said la a Jsiat aaneaaeement with the latoraattoaal (Mi Carp Ltd that It will ndvaaee ap to lIH nil,ill to pay HReuter - 268 words
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Article74 1983-03-12 2 Reuter PERU'S central bank has ordered the renewal of all short-term foreign loans of working capital failing due up to Dec 31 for 360 days and the renewal of all shortterm commercial debt maturing at dates up to May 31 for 90 days. Local borrowersReuter - 74 words
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Article448 1983-03-12 2 THE US dollar opened at 2.0790/00 against the Singapore dollar yesterday, lower than the previous day's close. It was traded up slightly to the day's high of 2.0630/40 before sliding a little to close at 2.0815/25 lalerkaak tmwmĕ rata* at J pa: One month —***** 2.07* Two month*448 words
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Article71 1983-03-12 2 THE US dollar was narrowly mixed yesterday amid uncertainties over the Opec meeting in London and a possible EMS realignment in the near term. Sterling eased to $1.5075/ 85 after ruling steady in the morning at $1.5090/5100 against New York's 11.5090/ 5105 close. Sterling and the dollar were supported71 words
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Article22 1983-03-12 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.35 per cent.22 words
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Article189 1983-03-12 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Mar 11: US Dollar*! Spoti Off.r BiJ 7 days 01/16 815/16 1 month 9 3/16 91/16 2 months fl 1 9* 3 months 9 5/16 9 3/16 6 months 9W 9H S months 99/16 97/16 12 months 9H 9V»189 words
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Article43 1983-03-12 2 RANGE of prices offered by discount houses on Mir 11: Overnight: 3V Call deposits: J 1 Closing Baying Selling 3-month Treasury bills 2H 2\ 3-month Bank bills 0H 6\ 3 months CO SH 6V* 6 months CD 7 Source: National Discount Co43 words
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Article49 1983-03-12 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 14 to Mar 18: Offered: 1160,000,000 Applied tar: »07,210,000. Allotted: $160,000,000. Accepted bids: $99.32 approximately 68 per cent; higher bids in full. Average rate tt dteeeaat •a aUatmeat: 2.725 per cent per annum.49 words
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Article307 1983-03-12 2 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the session in light trading before closing slightly lower than the overnight New York close. Total sales for the day was recorded at 178 lots while kerb volume at 379 lots. Prompt closed slightly weaker at U*****.00 430.50 an ounce compared307 words
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Article37 1983-03-12 2 New York U.10B 10.C7B U.17S 10.74S Zurich U.12B 10.70B U.22S ■M 10.80S Singapore r n 10 90B IWn X0.75B U.OOS 10.85S doting prtc *s in US dollars a troy ounei s. Source: Credit Suisse, S'pore37 words
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Article143 1983-03-12 2 THE DOLLAR for overnight delivery yesterday closed slightly firmer at 237.45 yen in quiet trading after opening at 237.20. This was above the 236.60/75 finish in New York but below the 237.70 close in Tokyo on Thursday. Trading volume was $1.02 trillion. The dollar fluctuated narrowly between 236.85 and143 words
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Article50 1983-03-12 2 opening day: 1 quotes yesterFFr 10.4325 4700 Ut 2158.80/2166.30 US 1.5065 '75 Yen 357 50 358 20 Can 1.8445 65 D Kr Cross 1.2245/48 N Kr 10 8150/8270 DMk S Kr 11 2295/241S DF1 3.9890 9935 25 29 33 SFr Port 140 10/113 on B FY con 70.99/71.11 Spain50 words
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Page 2 Advertisements
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Advertisement208 1983-03-12 2 CONGRATULATIONS TO KIAN JOO SENG (PTE) LTD. on their 15th Anniversary and official opening SSP*' of their new office at Balestier Road on 12th March 1983. -&r~^ X II THROUGH Si OHIO SCIENTIFIC m W&i IK cr- fK.it i) :e:»:i «•*■»< >';i mt k lilt' "4 Wi r*%: Si i*i208 words
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TRADE AND INDUSTRY
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376 1983-03-12 3 THREE national groups will be taking part in the 1963 Homemakers show at the World Trade Centre Hall 3 from April 9 to 17. This marks the coming of age of Homemakers as an international furniture, houseware and furnishing exhibition, according to organiser ITF Pte376 words
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Article498 1983-03-12 3 THE Computer Systems Adviser group has secured the exclusive right to market RAMIS n, an American software package, in Singapore and Malaysia. RAMIS II is a business software package that covers all areas of business applications. It can be used on the IBM mainframe computers as well as498 words
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Article725 1983-03-12 3 SEMINARB AND COURSES March 14-15: Basic Skills in Communication, Cuppage Centre, NPB March 14-18: Workshop on Problem Solving and Decision Making, Regional English Language Centre, Ministry of Education March 14-28 (Mondays, Wednesdays and Fridays): Training Course for Safety Committee Members, Cuppage Centre, NPB March 14-April 6 (Mondays, Wednesdays725 words
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272 1983-03-12 3 FOREIGN government officials and business leaders from Singapore and Malaysia will discuss joint venture investments at a two-day conference in Kuala Lumpur next month. Entitled "Joint venture: dynamic avenue for corporate consolidation and technology transfer", the conference is tailored for senior executives from the272 words
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484 1983-03-12 3 KOH TSE YING - By KOH TSE YING THE health food business, which has grown about three times in the past three years, is likely to experience another 80 per cent to 100 per cent increase in sales this year. This projection was made by Mr484 words
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Article, Illustration233 1983-03-12 3 OVERSEAS Union Bank has announced the appointment of Km Hew Nam as assistant general manager (special functions). Prior to joining OUB, Mr Kuo was vice-president of the domestic branches division in a major bank. He has also held other senior positions in various areas of hanking, discount233 words
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422 1983-03-12 3 THE waiting list for Housing and Urban Development Company (HUDC) flats shrank by more than 8 per cent in the past five months. In October 1982, there were about 4,400 applicants on the HUDC waiting list. Yesterday, there were only 4,030 applicants422 words
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266 1983-03-12 3 TELECOMS has bought two computer-based telex switching systems worth more than £150,000 from Britain. The systems, supplied by STC Business Systems of Brighton, were ordered to improve Telecoms' telex facilities for local commercial organisations operating within the same building. Each system provides connections266 words
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348 1983-03-12 3 ANGELINE TAN - By ANGELINE TAN SAMWHAN Corporation of South Korea has been awarded a $6 million contract by Shangri-La Hotel for the substructure construction of the proposed extension and car park facilities. This contract, which is the Korean firm's first project in Singapore, is for348 words
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229 1983-03-12 3 TRADITIONAL Japanese fried fish balls, called "satsuma-age", will be mass produced soon in Singapore for the local and East Asian markets. Kibun Company, a Japanese food manufacturer, has set up a wholly owned subsidiary, Kibun Foodi Singapore Pte Ltd, to manufacture the229 words
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Page 3 Advertisements
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Advertisement155 1983-03-12 3 Editorial... page I ma? y -.4- *>' rri 1 »-t 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 from. Our Brunch also boasts our famous roasts like155 words
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OVERSEAS
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729 1983-03-12 4 AP UPI JAPAN'S semiconductor makers have used sharp language in denying US charges that Japanese electronics companies are engaging in unfair trading practices in order to dominate the world market in computer memory parts. The Electronic Industries Association of Japan (EIAJ) said in a statementAP; UPI - 729 words
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325 1983-03-12 4 AFP AFTER years of exceptional growth, the boom in Japan's camera industry appears to be over. Faced with overproduction and market saturation, the industry, largely dependent on exports, suffered its first setback last year. Total output, including exports, amounted to 15.5 million unitsAFP - 325 words
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Article735 1983-03-12 4 ARRIVALS Service Local Operator Number Time From PAA PA005 0245 JFK/SFO/HKG SIA SQ101 0615 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL CPA CX710 1030 HLP MAS MH811 1040 PEN SIA SQIQ3 noo KUL GIA GA960 1100 HLP735 words
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240 1983-03-12 4 Reuter IB MMlipcd —immlt is expected te arge rich emtries to -iMlifn rsamlHsg the foreign debts «I the mrM'i SI pssrest astlsas A wfereaw ipetfwi to New Delhi yesterday nil the likely shape ef reeelattoas tmn the 111-member Third WeridReuter - 240 words
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465 1983-03-12 4 Reuter MEXICO, Venezuela, Nigeria and Indonesia are together likely to suffer a loss of US$B billion in revenue this year, following an expected reduction in Opec prices. Bankers in London yesterday said lower oil prices will, however, pare import bills for theReuter - 465 words
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202 1983-03-12 4 UPI THE American government will stop Kuwait from buying US oil and gas interests on government land and will investigate whether the country can keep its current holdings. The decision by Interior Secretary James Watt declares Kuwait a "non-recip-rocal nation" under theUPI - 202 words
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WORLD IN BRIEF
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Article413 1983-03-12 4 PRESIDENT Suharto of Indonesia was sworn in yesterday for a further term of office but indicated that, after 17 years, his leadership of Indonesia was drawing to a close. He told the People's Consultative Congress in a brief speech that the five-year term would be the "last413 words
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635 1983-03-12 4 NYT Reuter TWO of America's top economic officials said economic recovery is underway but warned Americans not to expect a strong rebound. Martin Feldstein, the chairman of the president's Council of Economic Advisers, said that statistics for January had overstated the strength ofNYT; Reuter - 635 words
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Article1022 1983-03-12 4 Vaaaal Barth Arrival Dapartura MARINA WHARVES B Blndang 45A alongside 12.3/1500 IfnSngtodah MW m/WOO* lli/2000 Columbus C 44 alongside 12.3/1200 Oaruda MW 12.3/0900 12.3/1800 g£lL- SSEg Swoon idE iff g£ES Slm Mw Straits Star 21 alongside 12.3/2300 SEMBAWANG Yam o Maru 25/6 iuSSPldJ 123/0000 WorfdLlSf 2 123/06001,022 words
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499 1983-03-12 5 NYT SHIPYARD workers in Gdansk have sent an open letter to the Polish Parliament demanding the restoration of the outlawed independent trade union Solidarity and warning the government that it cannot "turn back the tide of history". At the same time, Lech Walesa,NYT - 499 words
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446 1983-03-12 5 AFP AP PRESIDENT Ronald Reagan has proclaimed an exclusive US economic zone extending 200 nautical miles from the coasts of the United States and its island possessions in the Pacific and Caribbean sea. Foreign diplomats in Washington said the proclamation was aAFP; AP - 446 words
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437 1983-03-12 5 FEARS about the prospects for West German exports are darkening the recovery prospects of the electrical industry, one of the leading sectors of the country's economy. Commenting on the outlook for the sector in 1983, Dr Wolfgang Seelig, president of the Electrical Industrie437 words
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295 1983-03-12 5 AFP THE French electronics group Thomson-Brandt has begun talks with JVC of Japan on joint-venture possibilities following Thomson's takeover bid for the German company Telefunken. Thomson announced on Wednesday that it had struck a deal to take over 75 per cent ofAFP - 295 words
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847 1983-03-12 5 INDUSTRIALISED countries must coordinate their policies towards indebted developing states before world trade can be revived after another year of decline, the General Agreement on Tariffs and Trade said. Overall world trade slumped 2 per cent by volume last year and847 words
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Page 4 Advertisements
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Advertisement32 1983-03-12 4 Pan Am To Hongkong r\ .1 a St* a Daily At 8.15 am It's The F irsf Flight Out cV The FirM Might In. 37 Pan Am.You Can t Beat the Experience.32 words
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Page 5 Advertisements
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Advertisement354 1983-03-12 5 I. Now,3 ways to meet your most important business goals Introducing NEC's latest range of business personal computers. Before you decide on a small business computer, first check these out. NEC's PC-*****, PC-***** and 20/15 systems. Three of the finest business personal computers today. Designed, developed, produced and backed by354 words
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Article448 1983-03-12 6 EGYPTIAN slaves are believed to be the first workers to have gone on strike. They stopped work on the pyramids when their supply of garlic ran out. Maybe the slaves took garlic for its foul odours which kept their masters at a distance, but it is448 words
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Article, Illustration1176 1983-03-12 6 MICHAEL GORMAN - By MICHAEL GORMAN Look Japan I DON'T believe I gained any favourable or lasting impression of Kurashiki through my first visit of only a few hours in the summer of 1967. I certainly didn't find the architecture particularly inspiring, and the two museums thatLook Japan - 1,176 words
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Page 6 Advertisements
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Advertisement478 1983-03-12 6 THE COMPANY DIRECTOR CHALLENGES FOR THE NEW BREED 6 7 APRIL 1983, KLAI.A LL'MPIR HILTON HOTEL, MALAYSIA ~TC TIMES CONFERENCES THE CONFFKKNCK In this dynamic era, traditional business practices have to he reviewed to cope with the new forces ot change Similarly, the role of the company director has to478 words
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Page 6 Miscellaneous
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Miscellaneous965 1983-03-12 6 SINGAPORE 5 1.00 m Open* Mtowtd by Stum* Street: Children' educational programme. 2.00 Black Star Tree of Evl: A cartoon of celestial proportions that pits astronaut John Black Star against innumerable odds. 2.25 Saturday Matinee State Fair (b/w): One for the family, as the Frake household journey to the State965 words
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Article, Illustration920 1983-03-12 7 KENDALL WILLS - Abraham Zaleznik is spearheading Harvard University's effort to expand the study of business leaders, reports KENDALL WILLS KENDALL WILLS NYT SEVERAL times a week for two years, Abraham Zaleznik, a Harvard Business School professor and practising psychoanalyst, was welcomed by the chairman of a major AmericanNYT - 920 words
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Article, Illustration1007 1983-03-12 7 Focus Japan JAPANESE toy makers are going electronic faster than most other manufacturers. Last year they purchased an estimated Y33 billion (US$l39 million) worth of microchips mainly for pocket-size and larger desktop electronic games, exceeding the value of microchips pruchased for video cassetteFocus Japan - 1,007 words
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Article, Illustration1057 1983-03-12 7 MONICA GWEE - MONICA GWEE meets the Ritz Club Champions, here to ride in the Ritz Club Challenge Trophy races today and the Singapore Derby tomorrow MONICA GWEE IF YOU can't roll the dice inside London's Ritz Club casino, you may grab the same thrill at1,057 words
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395 1983-03-12 7 NYT WHAT Is probably the nut eiveted status symbol la the U8 Cmgress Is mme thing seldom displayed by these whs have It the Capitol hideaway. There are perhaps 5» saeh secret offices "escape reams," same call them toeked behlad samarked dssrs aloagNYT - 395 words
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Page 7 Miscellaneous
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Miscellaneous748 1983-03-12 7 I -IK-ORE CBOBBWOKD CRYPTIC PUZZLE ACROSS 9 Will be working, if I can turn it back on (2,6) 10 Don't keep rubbish (3) 11 Involve the back row, at the centre (6) 12 The tree was undamaged, Mr Disney held (6) 13 The cost at filling the river with swans748 words
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Page 8 Advertisements
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Advertisement799 1983-03-12 8 Where to wine, dine and entertain H with the American Express Card H ye** don't already have the Card, call *****33 for an application form" -F= iilokm JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. f <1 > > for rcseri'dtii >ns col'i /90/ /it >'li /o\799 words
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Advertisement187 1983-03-12 8 to the musk of the'ilmnderbirds' Sink into a soft chair in your oim cory apot, a coot aMiafyini drink in your fends. Relax. in tha beat way you know. And when the drinks finally hit you, let your thoughts melt while the music of THE THUNDER BIRDS fills your head.187 words
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RAW MATERIALS
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Article1083 1983-03-12 9 COFFEE: Robusta coffee futures were narrowly mixed at midday yesterday, between £8 a tonne below and £2 above Thursday's close in traded positions. Prices moved narrowly in featureless dealings. The market seemed to be looking for new directions after the strong rise in mid-week which took prices to1,083 words
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Article63 1983-03-12 9 SOYBEAN futures in Chicago on Thursday closed four to 1V« US-cents per bushel lower in moderate trade. A possible EEC levy against soy product imports, heightening international trade tensions, weighed on prices. Early firmness from strong precious metals slackened as corn futures dipped at midday. A leading exporter sold63 words
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Article168 1983-03-12 9 WHEAT futures in Chicago on Thursday closed up US-cents a bushel in nearby to down V« in deferreds. Anticipation of larger than expected PIK signups due to poor crop prospects in southern states lent some support to prices. Traders said increased export demand for hard red winter wheat was168 words
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Article276 1983-03-12 9 RUBBER prices in Singapore yesterday closed slightly lower with April One RSS buyers quoted at 229.50 cents per kilo, down 2.50 cents from Thursday's close. Morning prices were marked down slightly on some selling after a marginally lower opening. Afternoon prices lost further ground on lower Japanese advices. In276 words
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Article177 1983-03-12 9 CHINESE Pr*4iue Eidugr, SUgap»re, mm rlMda« prices per IM kg yesterday, Cscsast sU: Bulk fob $94.00 sellers, old drum (In second hand drum) fob $107.00 sellers, new drum fob $111.00 sellers. C*pr»: Mixed (loose) $55 buyers. Peffer: Muntok white pepper fob Asta NLW $360.00 sellers, Sarawak white pepper177 words
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Article196 1983-03-12 9 YARN and cotton prices were quoted as follows In Hongkong yesterday. (In HK dollars, spot ex-go-down) CsttM yars: China Blue Phoenix 20s 2,490; 32s 2,975, 40b 3,190 (per bale of 400 lbs). Piece gMds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article159 1983-03-12 9 THE Malaysian crude palm oil market yesterday closed higher on strong covering support in moderately active trading. In March, central region rose Ms 4 to MJ722.50 per tonne and south M 52.50 to M 5727.50 while in April, south firmed M 57.50 to M 5732.50 and central Mss159 words
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282 1983-03-12 9 THE RUBBER market moved forward again after its reaction last week, as April One RSS gained 15 cents overall and reached a high of 236 (S) cents per kilo in fairly active trading throughout, says Hal May, Catier aad Bath in its rub- ber282 words
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Article317 1983-03-12 9 RAS prices In cents per kilo yesterday: j*oon (per kilo) Buyers Sellers lat. 1 R.S.S. prompt f.o.b. 223.00 2B.00N lat. 1 R.S.S April ***** 232.50 lat. 1 R.S.S. May 240 00 241 00 lat. 2 R.S S 200.50 2U.50N UK Coot 208.50 210.50N lat. 3 R.S.S. 206.00 208.00N317 words
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Article112 1983-03-12 9 NOON SSI 1 and SMR prica raai tardajr EA8 April (Carraat Mtfc) crJOS Bayara h 227 00 223.00 Mth) SSR20 SSR50 (1-toa pailat) (1-toa palWti do;an sai 226 00 ***** uara 227.00N 223.00N ban 229 00N 225.00N MRELB April May SMRCV SMR L SMR 5 SMR CP112 words
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Article327 1983-03-12 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.02, 100 per cent second class 0.73, 100 per cent third class 0.69, 25 per cent new crop 0.62, B-10 per cent 0.68. THAI BROKEN: A-super 0.62, Special 0.58 THAI327 words
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Article32 1983-03-12 9 Rubber: Mar 11 Singapore: April: 229.50 cents (down 260 cents) Malaysia: April: (260.00 cents (down 3.60 cents) Tin: M $30.07 per kilo (up 16.00 cents) 166 tonnes (down 36 tonnes)32 words
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Article100 1983-03-12 9 THE BTOAITB tts price Is IS cento l uk, pnapM hy a farther rally ea the LME. The new level Is still wttMa the ITA "may hay" raage ef M$9.lS and MfSLM. lie lewer sfteriag «1196 teases treat 2M m Hamday was ahiirttl hy sectsn ether thaa the100 words
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INTERNATIONAL STOCKS
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Article196 1983-03-12 9 Mt 10 AIM C8 21* Hud Bay Mln Imp OU Inco 10* 20* 10 Air. Ml unch Int Ptot Pipe 20* H Alma Be Mont Be Norm Scotia BeTel •s* inn is i li I unch Int Ula Inu Nickel Kerr Add Lobtaw B 22* ZZ io* -H >14196 words
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Article270 1983-03-12 9 MA 10 Rand INDUSTRIALS Un Steel Unlsec Wool worth 85 4T5 1175 unch 10 -35 A Aha A bom AS id CI Amrop 730 300 MO 410 unch unch 10 10 Ancloc MININGS 2040 50 AMI Barks C Gmlth 2960 1225 1900 -50 25 unch Anglraal Blyyoor* Buffets 1100270 words
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Article188 1983-03-12 9 MAR 10 Action* ilsses AlusulssBr AlusulsaOef Brown iwrl Br. Clba Oef Br Clba Oct P C Clba Oel Res. Franc* 274 828 200 1100 1756 1435 757 *4 11 1 5 +5 20 11 Sando* Reg Sulaer Pe Sulaer Reg. Swiss Bank Br Swla* Bank Corp R«« Swiss Re-Insur188 words
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Article103 1983-03-12 9 MAR 10 Lire Mediobanca ***** -660 ButOfl M llano Aaa Ord ***** unch 278.50 1X5 Mondadorl Prlv 3801 11 Bel ***** 500 Montedison 130 3 Centrale 0 25W 17 Olivetti Ord 2828 14 Cond Acqi Rom* 202 -05 Pirelli And C 2970 -10 Erldania 8060 300 Pirelli Spa 1888103 words
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Article196 1983-03-12 9 MAR 10 Pr* CORBEILLE Alr-Uquide B 8 N Oernli Danone C 8 P (ThomaonCte Prancalae del Petrole* Credit Ponder De Fnuice Hachette (Ubralrte) Macninej Bull Mlchelln (B) Omnium 400 1510 171 152J0 444 TBI 4140 tea 100 15 27 -U 7.4 ♦2 S ♦0l4 12 15 Philip* (NT Oem196 words
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Article195 1983-03-12 9 MAR 10 ru ARM Ahold 381J0 140 JO 4-7 2J Akio M 80 1J AUEV 121 JO 2J Amfai Amrobnk (000 suo 28 00 1J JJ .1 R-rk BoU Borsuccr BotU mjo 3J 152.00 91.00 3J 2-5 Burtet 42.40 1.9 Caland a jo >1 C«l» Dell Ml] moo 70195 words
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Article1249 1983-03-12 9 NEW YORK CONCERN THAT Opec may be unable to settle its oil production dispute caused a sharp late afternoon decline in stock prices on Thursday. The blue chip Dow Jones Industrial Average ended the day off nearly 12 points to around 1121.13. Losing issues bettered advances by1,249 words
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Article68 1983-03-12 9 MAR 10 Aet-Telcfunken BASF n»»> Dm 56-20 120.00 14 1 Hoechat 134.50 Horach 44.00 Horten ***** Kar*Udt ***** saw I" KHD ,44 70 commerxbank 147 JO U Mannaamann ***** CoflU Qumml Daimler-Benx Dtfuui 7B30B 490 JO 13 Prcuoaf 230 00 Rwe ST A Softer)n< 332.00 Demaj Aienvent ***** Deuuche68 words
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Article80 1983-03-12 9 MAR 10 FORWARD AMT ArhMt A*tur Fr» MARKET 572 4 303 +J Or Bni Lamb Hobok Petro Rjrl Dutch SWro Soc On Belf So fin* 1230 4180 4886 1830 1330 1484 4386 3450 30 135 -5 35 -80 34 23 30 Canpac Cock De B«ers El»l Etectrobel Ob-Inno-Bro On80 words
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Page 9 Advertisements
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Advertisement388 1983-03-12 9 UNITED OVERSEAS LAND LIMITED INCORPORATED ft THE REPUBLIC Of SINGAPORE) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE fS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Function Room 3rd Floor The Plaza 7500 A Beach Road. Singapore 0719 on Saturday. 2nd April 1983 at388 words
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2840 1983-03-12 10 BSD aarf *r prtcw «BctaUjr ltaud ■iWHi aad wporM to Ite ■JSryLinw 14M «Mi ate ocharwtaa fed. All Thaaa Sttttaaaat Ooatracta ar* imM iAv Oh nrt "aatr Mf BMrd «Mk (IB Mi «f I*o ■Mi) an qnoaad after tW latter* SECTION ONI2,840 words
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Article202 1983-03-12 10 SINGAPORE UNIT TBI ST prtBM for Mar 14) The Commerce 3.25 3 45 The Savings Fund 178 179*d S pore Prog Fund 1.43 152 S pore Sec Fund M« 2.29 S pore Invest Fund 1.13 1.20 S pore Equity Fund 1 41 1.50 DIAMOND MOT 8TOU (Maaager*' prtM202 words
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Article3107 1983-03-12 10 IMS/IMS High Uw CfM»y Last Sale +orGr's DW DW CVr Gr's YTd Net P/E Vol Day COOO) High Low 8BCTION ONI INDU8TB1AL A COMMERCIAL m m m 141 m MM M •MO IN m sm m us su «ia us m si 318 no 1M MO SU3,107 words
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Article1947 1983-03-12 10 BID and ofler price» officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified INDUSTRIALS AtoM (1.938) (29) I N (8) 1» (4) 1 91 (4)1,947 words
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Article766 1983-03-12 10 SHAKE prices were generally traded lower y eater day altheagh same ceaators managed gaed galas. The all-sector TTislaiss Times Campsolte ladex rime* U2 patata tower at 82US after having laat Lit palats at midday. The Strait* Times Isdaslilsl ladex was dewa XM paints at SSIM after766 words
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Article585 1983-03-12 10 A SLIGHT improvement in sentiment in the afternoon took share prices to a mixed close on the Kuala Lumpur stock market yesterday. Trading was less active, with total turnover down to 13.23 million units worth M 540.41 million. This compares with Thursday's 15.11 million units valued585 words
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COMPANY NEWS
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Article641 1983-03-12 11 CHRIS LIM - Market Talk... By CHRIS LIM LONDON stockbroking firm Siman and Ccates has recommended Harrisaas .'Malaysian Plantations Bhd (HMPB) for purchase. It said that the shares, (priced at M 54.20 on Feb 28) were standing at a discount to other plantation companies in spite of their641 words
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751 1983-03-12 11 NYT PETROLEUM companies again led the 25 largest US non-financial companies in revenues last year, but their profits generally were much lower. The world oil glut brought lower prices, and the sharply increased strength of the dollar also depressed profit margins overseas, where theNYT - 751 words
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887 1983-03-12 11 NYT WHENEVER corporate profitability stands to gain from a major economic development, investors rush in and bid up the shares of the obvious beneficiaries. Such is the case with the fall in oil prices. The cuts thus far as well as those yetNYT - 887 words
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272 1983-03-12 11 AFP SAN Miguel Corporation chairman Andres Soriano Jr has quashed rumours he was stepping down because of ill health, saying he is healthy and looks forward to continuing as the Philippine industrial giant's chief executive officer. The rumours started during the tussleAFP - 272 words
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Article163 1983-03-12 11 EUALA Lampv Eepaag Berfcad: Tenth AGM to be held at Ladang Pinji, Lahat, Perak on March 12 at noon. VAN Der Herat Limited: AGM to be held in the Board Room, U Pandan Crescent, Singapore 0612 on March 22 at 10 am. HONG Pek Carparattsa Limited: EGM to163 words
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Article458 1983-03-12 11 Date L Mt Fall Yea tr Cwpaey PevM ilwaorid Net EP8 Qnm Pre-tax lact year (eeata) Dlv. y>- ,ni mot UIC <%> <$*••> F 19/11 2.8 5.0 4,916 MBF Hldgs F 7/12 28.5 9,795* Robinson I 11/2 55 9.0 3,988 General Corp F 13/2 12.1 8.4(b) 14,817 Paramount458 words
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ASIAN STOCKS
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487 1983-03-12 11 HONGKONG PRICES CLOSED steady yesterday following moderately active late trading. The Hang Seng index ended 8.99 points higher at 1,032.80. Sentiment was boasted by Wardley's announcement of a new property trust which dealers said demonstrated confidence in the Hongkong property market. A spokesman487 words
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Article473 1983-03-12 11 SHARE PRICES yesterday closed broadly higher in moderately active trading, with the sharpest gains concentrated among gold-related mining stocks and retailing issues. Near the close the All-Ordinaries index was up 4.1 points at 515.4, due mainly to gains within the resource sector. The AllResources index was473 words
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Article367 1983-03-12 11 THE Tokyo stock market gained ground on sporadic bargain hunting in blue chips and speculatives yesterday, but trading remained light because of concern over the London Opec talks. The market average rose 53.80 to 8,081.44 on a volume of 410 million shares. The Tokyo stock exchange367 words
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Article115 1983-03-12 11 SHARE prices yesterday closed easier on an increased turnover of 3.04 million pesos compared with 1.96 million on Thursday. MAR 11 Pcaoa AeoJ* Mining OJOU unch A nek) mil Ape* kilning Atiaj Con B 0.014 MM -0 004 unch Bagulo Oold 0A034 unch BauUc Petroleum 0.11 0001 Benguet Con115 words
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Article165 1983-03-12 11 PRICES yesterday closed mostly lower in quiet trading. The Book Club index was down 1.21 to 111.96 on a turnover of 19.7 million baht with over 173,000 shares traded. Industrial Finance Corp lost four baht to 138.50, Charoong Thai Wire and Cable 28 baht to 328 and Jalaprathan Cement165 words
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Page 11 Advertisements
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Advertisement71 1983-03-12 11 MULTIBANCO COMERMEX S.A. LONDON BRANCH U5525,000,000 FLOATING RATE CERTIFICATES OF DEPOSIT DUE MARCH 1984/86 In accordance with the provisions of the Certificates, notice is hereby given that for the six months interest period from 15 March 1983 to 15 September 1983 the Certificates will carry an Interest Rate of 971 words
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Chief Price Changes
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Article153 1983-03-12 12 Rises Indices 8 A L Sticorp M Ca«aat MIF Hides Boltoa C C Sla Hn| Cku D B 8 T«u M«a| Cui*b«r| B SMiktvui Iatraeo BAT 23S 800 839 870 256 480 378 886 280 478 418 400 308 >80 +80 36 +26 +22 18 18 10 10 +8153 words
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Article, Illustration160 1983-03-12 12 Rises Indices G Kent MO Utd Est 452 PMRI 460 M Cement 900 Troooh 970 MBF 730 S H Chan 310 Duff 330 Sim Lim 350 Dutch Baby 400 Wearnes 440 D* Phoenix 190 Falls Public Corp 350 Guinness 410 FIN 840 +45 +38 +30 +30 +30 +25160 words
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Article50 1983-03-12 12 H.K.HANG SENG Friday 1082J0 Thursday 1023JJ1 Week Ago 88S.54 AUSTRALIAN INDUSTRIALS Friday 663.7 Thursday 662.4 Week Ago Mfi.l ALL ORDINARIB8 Friday 515.4 Thursday 511.4 Week Ago 51X9 FINANCIAL TIMES INDUSTRIALS Thursday 670.2 Wednesday 664.» Week Ago 661.6 DOW JONE8 AVERAGE INDUSTRIALS Thursday 1120.»4 Wednesday 1132.64 Week Ago 1138.0650 words
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Article890 1983-03-12 12 THE market opened easier yesterday reflecting disappointment that Opec members have not yet agreed on the package put together on Thursday, dealers said. The Financial Times Index at noon was down 5.4 points at 664.8. Industrial leaders were marked lower by 5p or 60, as in Plessey, Glaxo,890 words
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493 1983-03-12 12 CHAN OI CHEE - By CHAN OI CHEE DBS Finance, the wholly owned subsidiary of Development Bank of Singapore Ltd, turned in a commendable set of results for 1982 in spite of a slowdown in overall economic activity. Operating profits for the major finance company showed493 words
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442 1983-03-12 12 CARLSBERG Brewery Malaysia Bhd managed to show a slightly improved performance last year as it was largely spared the effects of the substantial rise in beer excise duty, which was imposed in October. The company posted a 10 per cent increase in442 words
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253 1983-03-12 12 KUMPULAN Per&ngsang Selangor (KPS) is to pay M&8.7 million or $6.17 per share to acquire 30 per cent of Petaling Tin's enlarged paid-up capital. Petaling disclosed this in reply to a Kuala Lumpur Stock Exchange query about its proposed restructuring scheme. Petaling253 words
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204 1983-03-12 12 HUME Industries (M) Bhd, now controlled by the Hong Leong group, has entered Into another property deal its second this year. The group yesterday informed the Stock Exchange of Singapore that it bought 56.6 hectares of land in the mukim of Damansara in204 words
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Article121 1983-03-12 12 UNITED Overseas Land has paid a lower amount of $29.12 million to buy back $30,667 million nominal amount of its $90 million 9 per cent unsecured loan stock due 1967. This effectively means that the company makes a return of $1.55 million, excluding expenses, by buying121 words
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261 1983-03-12 12 A HEFTY kcran la latereat Immm m well as la Ave ef praflte ef aaaacfeted etapuy were Ike twa ky Priam LM for the Increase to tto 1882 earalags la aptto ef a akarp tall la piap tarwver. Replying te tnertoa tram the Staek261 words
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Article75 1983-03-12 12 BATV Umtmmg CaMer C* has tamed Is a pw Ist praflt a——Has Is $LM sdlUsa fsr the half-year ended Dee SI, IMB. Thto was tower tfcaa the $4i mllli«a reearded la the prevtow Interim* Bat after i—extraordinary praflt «f $4JI mllllea, earnings rsse im83 per eeat Is The maps75 words
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533 1983-03-12 12 HKHIH Companies Editor: Mawo Sabnani MBF Holdings Bhd has finally wiped out losses accumulated during the years to 1978 when it was still known as Pacific Development Credit Bhd. The past years of consistent earnings growth to the latest September yearend has enabled it533 words
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Article428 1983-03-12 12 THE MALAYSIAN Capital Issues Committee has approved Unilite Electrical Industries Bhd's scheme of capital reconstruction, its 30 per cent participation in Malaysian Lamps Sdn Bbd (ML) and its proposed acquisition of two property companies and a trading company. The CIC has, however, revised downwards the428 words
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Page 12 Advertisements
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Advertisement77 1983-03-12 12 NATIONAL CURRENT AFFAIRS QUIZ 'Q3 :r«» > <* fc r m t y*r X u i 9 I 4 4 V I*# s> N S 5D n: V *> K <C Watch the exciting contests between the teams Entry Forms for Quiz participants are obtainable from Social Fducation Section, People's77 words
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Page 12 Miscellaneous
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Miscellaneous52 1983-03-12 12 OUTLOOK for today: Fair and warm. Report for 24 hears prtor to IJI pm March 11 at the airport: Maximum temperature 34.5 Associated humidity 50 Minimum temperature 25.7 Associated humidity 90 Hours ot sunshine 10.85 Rainfall in millimetres Nil Total rainfall for the month Nil Total rainy days for the52 words
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