The Business Times, 30 April 1983
1983-04-30
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The Business Times
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Title Section11 1983-04-30 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, APRIL N, ltt! 60 CENTS11 words
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461 1983-04-30 1 JOHN LIM - By JOHN LIM SINGAPORE Airlines is undaunted by protectionist moves and will continue to lobby for support of free trade principles. "Occasional departures from the principles governing free trade in aviation and the sanctity of agreements may have stymied us, but only temporarily. We461 words
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137 1983-04-30 1 Reuter THE Hongkong Securities Commission has appointed inspectors to investigate the affairs of the Carrian group, including Carrian Holdings Ltd, Carrian Investments Ltd, their subsidiaries and associated and related companies. It named the inspectors as barrister Robert Ching Tang and accountant Michael Johnson, whoReuter - 137 words
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Article, Illustration340 1983-04-30 1 INDUSTRIALIST and chairman of the Housing and Development Board. Mr Michael Fam Yue Onn, will become chairman of the Mass Rapid Transit Corporation when it is formed in July. He will give up his HDB post to take charge of the MRT Corporation which340 words
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773 1983-04-30 1 WANG LOOK KEAH - By WANG LOOK KEAH THIRTY four groups of companies of international repute have been prequalified to bid for the first four electrical and mechanical contracts of phase one of the mass rapid transit system. The four contracts are for rolling stock, signals, platform773 words
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378 1983-04-30 1 RETAILERS who repeatedly impose a surcharge on purchases paid by a credit card will be struck off the list of American Express (Amex) card establishments. This was announced yesterday by American Express as one of its measures to try and prevent the surcharge problem378 words
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BRIEFLY...
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Article49 1983-04-30 1 Reuter SOUTH Korea's outstanding foreign debt stood at U5537.5 billion at the end of March, compared with $37.2 billion at the end of 1982, the Finance Ministry said. In a report to Parliament, the ministry said the $37.5 billion included $23.5 billion of long-term loans. ReuterReuter - 49 words
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Article56 1983-04-30 1 AFP PRESIDENT Ferdinand Marcos yesterday indicated that Prime Minister Cesar Virata might soon be replaced. The president emphasised that Mr Virata was not stepping down through pressure from politicians, but because his July 1981 appointment as premier was set for a twoyear term to enable MrAFP - 56 words
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Article61 1983-04-30 1 AP A GIANT portrait of Mr Konstantin Chemenko, who has missed three major Communist gatherings this month, went up in Moscow yesterday, squelching speculation that he had been dropped from the ruling Politburo. Mr Chernenko's picture gind those of the other 11 men who make up the PolitburoAP - 61 words
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Article54 1983-04-30 1 Reuter CHINA had a 5.66 billion yuan trade surplus last year, compared with a 12 million yuan deficit in 1981. The State Statistical Bureau in Beijing said yesterday that exports in 1982 were 41.43 billion yuan against 36.76 billion the previous year and imports were 35.77 billionReuter - 54 words
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Article76 1983-04-30 1 AFP A NEW Indonesian presidential decree issued from Jakarta yesterday set tough marital conditions for over two million civil servants, from ministers to small clerks. Under new regulations dated April 21, divorce or marriage to a second, third or fourth wife requires a permit from superiors andAFP - 76 words
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Article77 1983-04-30 1 Reuter WE]ST Germany's annual rate of inflation fell to a four-year low of 3.3 per cent this month. The Federal Statistics Office in Bonn said yesterday that consumer prices in April rose 0.3 per cent over the previous month, after a 0.1 per cent fall in March,Reuter - 77 words
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Article59 1983-04-30 1 POLISH authorities detained Lech Walesa's driver, his secretary and her husband yesterday in what appeared to be a part of campaign to defuse demonstrations called for tomorrow by the outlawed Solidarity union. Mr Walesa's spokesman, Adam Kinaszewski, said the labour leader's aides had been taken into police59 words
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Article79 1983-04-30 1 AP THE New York Stock Exchange's unprecedented rally rolled ahead yesterday morning as prices opened mostly higher. The early upswing followed the Commerce Department's report of a 1.5 per cent gain in its gauge of future US economic growth in March, the seventh straight monthly increase. TheAP - 79 words
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313 1983-04-30 1 Reuter A PRIVATE re-part by the literutUitl MneUry Pud (IMF) nyi the warid ecsasmy is improving al a flicker pace thaa expected a few msaths age. The brighter iwrnnnl if the MMMfflk sitaaH—was give* to fl—re ministers aid eeatral haakers meettag la Waahtagtea thisReuter - 313 words
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417 1983-04-30 1 CHOO AI LENG - By CHOO AI LENG INTERIM results announced yesterday by the two listed companies of the Times Organisation showed a divergence in their performance. v. Times Publishing, the larger of the two companies with more diversified operations, reported a 7.5 per cent drop417 words
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Page 1 Advertisements
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Advertisement240 1983-04-30 1 BOOKS FOR .Times Bookshops MDS PAUL Volcker favours limited intervention in the foreign exchange markets when "exchange rates seem clearly wrong". Page 2 BASIC facts on companies can now be obtained by telex or post under the Instant Information Service launched by the Registry of Companies recently Page 3 General240 words
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Advertisement97 1983-04-30 1 GENERAL knowledge ENCYCIj^HMA 'Ji»;! TZi# d'»" 9f MU THE JUNIOR I 1 GENERAL V 0^ V J KNOWLEDGE V ENCYCLOPAEDIA Knowledge abounds in this wonderful new encyclopaedia for children aged between eight and twelve years old. There are eleven sections with each subject presented in full colour on an easy-to-read97 words
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Advertisement163 1983-04-30 1 Companies' Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not he as difficult as you think. Not if163 words
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BANKING AND FINANCE
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693 1983-04-30 2 NYT, Reuter PAUL VOLCKER, the chairman of the US Federal Reserve Board, said that he favoured limited intervention in the foreign exchange markets when "exchange rates seem clearly wrong". Mr Volcker, in a speech to the Forex Association of America in New York, said: "MyNYT,; Reuter - 693 words
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Article94 1983-04-30 2 Reuter WEST German Finance Minister Gerhard Stoltenberg said in Bonn yesterday that future supervision of banks in the country must be on a consolidated basis. He said, however, that the government was still forming its opinion on a possible draft Bill concerning consolidation. The banking supervisoryReuter - 94 words
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234 1983-04-30 2 Reuter SWISS banks will be required to give consolidated statistics on their foreign exposure to the Swiss National Bank at half yearly intervals, probably from the end of 1984, officials said. The new requirement follows a recent recommendation from the Bank for InternationalReuter - 234 words
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256 1983-04-30 2 Reuter VENEZUELA has yet to reach an understanding with foreign banks on debt rescheduling and only expects to begin formal negotiations in three or four weeks' time. "We haven't even prepared a formal proposal yet," a member of the Venezuelan teamReuter - 256 words
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575 1983-04-30 2 Reuter THE Australian Reserve Bank's crackdown on foreign exchange dealing by Australian trading banks last month has ended the development of what was an increasingly important market. A senior broker said it was a retrogressive step, putting back the banks and the marketReuter - 575 words
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Article405 1983-04-30 2 Reuter INDONESIA'S central bank has told the country's seven state banks that they can set their own rates on time deposits of six months or less. Central bank sources said the move is designed to give the state banks a little more freedom but is not expected toReuter - 405 words
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Article147 1983-04-30 2 THE Royal Bank of Scot' land announced in Edinburgh that its application (or an offshore branch licence in Singapore has been approved by the Monetary Authority of Singapore. The branch, which will have an Asian currency unit, will begin business towards the end of this147 words
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Article108 1983-04-30 2 Reuter THE Senate Banking Committee in Washington yesterday approved President Reagan's request for a US$B.4 billion rise in the US contribution to the International Monetary Fund and the IMF's General Arrangement to Borrow (GAB). As part of the IMF legislation, the committee also attached amendments requiringReuter - 108 words
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MONEY AND EXCHANGES
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Article22 1983-04-30 2 THE average rate at which major Singapore banha are currently prepared to lend to their beat customer* ia 9.09 per cent.22 words
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Article180 1983-04-30 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on April 29: US D*lUr*(8pot) Off.r Bid 7 days 91/16 15/16 1 month 9 8* 2 months 9 8* 3 months 91/16 15/16 months 93/16 91/16 9 months 95/16 93/16 12 months 9* 9>* Dm. Sw.Fr*. iMIiil. P- j I180 words
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Article46 1983-04-30 2 RANGE at price* often td by dlscount house* on April 9: Au„ ulahl L/VPTTUgni. s Call deposits 3 riiiin Bmriu 3-month Selliac Treasury bills 211/16 29/16 3-month Bank bills 7H 3 months CD 7 6 7 6 months CD 61S/16 613/16 Source: National Discount Co46 words
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Article79 1983-04-30 2 THE dollar eased in early trading after opening lower yesterday on a continuation of the bank profit-taking that began on Thursday. Opening quotes yesterday US 1.5615 215 Can -1.9128/56 Cross 1.2252/55 Dmk 3.8415/65 D F1 4.3255 3905 S FY 3.2190 2235 B FY con 76.54/67 F FY 11.5240 39079 words
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Article483 1983-04-30 2 THE US dollar eased slightly against the yen but remained roughly unchanged against other major currencies on the foreign exchange market yesterday. Trading was quiet in anticipation of the long weekend ahead. The US dollar opened steady against the local currency at 2.1010/30. There was hardly any movement483 words
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Article98 1983-04-30 2 THE US dollar yesterday held steady in light late trading but was down from mid-sessidh highs, mainly because of technical adjustments. It eased to 2.4605/15 marks from a midday 2.4625 35 but was above the early 2.4580 90 and New York's 2.4585 95 close. Banknote rates yesterday: US 698 words
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Article265 1983-04-30 2 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the session before closing nar- rowly mixed compared with New York's level. Trading was thin with total sales for the day, including kerbs, recorded at 696 lots. Prompt closed slightly lower at U*****.10/431.50 an ounce compared with $431/ 432 in New265 words
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Article38 1983-04-30 2 New York ***** 11. KB 12.03S 12.02S Zurich 1185B L2 25B U.J5S ■r_4 12 35S Than Singapore r n 12 OOB 1190B 12.10S 12.006 Closing prices in US doU*rs a troy ouno Source: Credit Suisse, S'pore.38 words
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Article49 1983-04-30 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 3 to May 6: Offered: $110,000,000 Applied far: 1332,000,000. Allotted: $110,000,000. Accepted Mds: $99.38 approximately 41 per cent; higher bids in full. Average rate «f disNUt aa aUatmeat: 2.455 per cent per annum.49 words
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Page 2 Advertisements
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Advertisement254 1983-04-30 2 WE FIT Munsingwear Golfwear The choice of top level golfers around the world for fashionable design that stands up to the rigors of tournament play Let Munsingwear fit your game perfectly In addition to the Grandslam and Forge lines of golfwear. Munsingwear also offer tenniswear, sleepwear and under wear YOUR254 words
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TRADE AND INDUSTRY
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384 1983-04-30 3 WORKERS and employers will face two major problems when implementing the joint labour management consultation programme, said Mr Ong Teng Cheong yesterday. ."Firstly, management and unions will have to overcome mutual suspicions," said the Labour and Communications Minister. This can be seen in the failure384 words
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272 1983-04-30 3 THE HOUSING and Development Board has relaxed an allocation guideline to benefit small-sized flat tenants and owners under its multi-tier family scheme. It now allows parents or grandparents making up an existing multi-tier structure to be included in another married child's application for another flat,272 words
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264 1983-04-30 3 THE Chinese Chamber of Commerce and Industry has been invited to organise a delegation to visit mass rapid transit systems in the US. This was reported at the chamber's monthly management committee meeting yesterday. The US Embassy's commercial attache, Mr Geoff Walser, met264 words
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Article, Illustration121 1983-04-30 3 ATLAS Copco South-East Asia Pte Ltd has appointed Itebert Breaknuui as regional field engineer and training supervisor. His duties in the region include product demonstrations, qualified trouble-shooting and training of Atlas Copco employees and customers. Mr Brenkman has been with the company's mining and construction product division121 words
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Article, Illustration309 1983-04-30 3 THE FIRST Kroll tower crane in South-east Asia has been fabricated by Mechanical Handling Engineering (S) Pte Ltd, a member of the Jebsen k Jessen group. MHE also built the electrical controls for the crane. The marketing of Kroll tower cranes in South-east Asia is undertaken by Nordkran309 words
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Article374 1983-04-30 3 SOH TIANG KENG - By SOH TIANG KENG BASIC (acts on companies through computer printouts can be obtained by telex or post under the "Instant Information Service" launched by the Registry of Companies recently. Lawyers, accountants bankers and others can tap such data in minutes through their telex machines without374 words
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Page 3 Advertisements
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Advertisement258 1983-04-30 3 THAIS ASIA-One-*top to Frankfurt, Rome and Athensthen take your choice to tans, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flics the shortest distance non-stop to COPENHAGEN,FRANKFURT.ROME and ATHENS. Then onward to the other great European capitals of PARIS, AMSTERDAM and258 words
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OVERSEAS
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570 1983-04-30 4 NYT, Reuter THE General Motors Corp's two main American competitors yesterday raised strong anti-trust objections to GM's plan to Join Toyota Motor Corp to produce a variant of Toyota's subcompact Corolla car in California. Chrysler Corp and Ford Motor Co, In intensifyingNYT,; Reuter - 570 words
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311 1983-04-30 4 AFP THAI Airways International has dropped plans to buy two newly developed Boeing Jets in what has been called the on-again, off-again aviation deal of the century in Bangkok, diplomats and trade sources said. The state flag-carrier cancelled plans to buyAFP - 311 words
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535 1983-04-30 4 AP THAILAND'S powerful army chief called for a swift end to political uncertainty as party leaders renewed efforts to find a coalition that will help keep Prime Minister Prem Tinsulanonda in office. The army commander-in-chief, General Arthit Kamlang-Ek, said a prolonged governmentAP - 535 words
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380 1983-04-30 4 Reuter FRANCE yesterday lifted restrictions against Japanese video tape recorders (VTRs) and claimed victory in the battle of Poitiers against Tokyo. It claimed the restrictions helped cut its monthly trade deficit and convinced the Japanese they would have to act quickly toReuter - 380 words
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638 1983-04-30 4 PUSHED by political (ears, dwindling investment opportunities and lack of incentives at home, foreigners are investing hundreds of millions of dollars in Manhattan real estate. There are 14 office towers under construction in lower Manhattan. Ten of them are being built with foreign638 words
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267 1983-04-30 4 NYT, Reuter VOLKSWAGENWERK AG, West Germany's biggest car faaker, yesterday reported a loss of U*****.4 million last year, mostly as a result of a big loss at the Volkswagen American subsidiary. The parent company's loss compared with a profit of $55.5 million the yearNYT,; Reuter - 267 words
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302 1983-04-30 4 Reuter THERE are signs that more stable times are ahead for the Hongkong property market this year, die Rating and Valuation Department of the Hongkong government said. In a statement accompanying its 1983 property review, it said this is particularly so for smallerReuter - 302 words
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160 1983-04-30 4 AFP A 12-YEAR-OLD investigation into alleged oil price rigging in France is due to conclude in a courtroom in Marseilles next Tuesday when 40 senior managers from France's eight biggest oil companies go on trial. The main accused are the [Residents or former presidentsAFP - 160 words
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Article756 1983-04-30 4 ARRIVALS Service Local Operator Number Tine Froa PAA PA5 0015 JFKSPO/HKG SIA SQ11 0040 LAX/TYO FT FT71 0040 JFK/ORD/ANC/ NRTTPE/KUL CAL CI331 0250 TPE MAS MH601 0820 KUL MAS MH671 0906 KUL MAS MH81I 0910 PEN SIA SQI03 0945 KUL RBA BI421 1000 BWN MAS MH603 1020756 words
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522 1983-04-30 5 UFI BUOYED by Dr Barney Clark's 112-day life struggle on the Jarvik-7 artificial heart, scientists in America are pushing to develop more advanced and more portable power sources for mechanical hearts. "The objective is to develop a fully implantable power source, integrated with aUFI - 522 words
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Article1004 1983-04-30 5 VmmI KEPPEL WHARVES Condora East Rainbow Field Jenhol Seng Hong Straits Pride Straits Star Sunny Ocean Waheng Builder n Bunga Mas Doumen Equator m King Bird Kota Cempaka Silver Star Straits Venture Berth 18 44 25/6 23 28 21 20 26/7 29/30 22 45A 31/2 22 241,004 words
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695 1983-04-30 5 NYT THE 10-natk» European Common Market, in a display of unity that widens a major rift with the United States, baa formally txprtmrd its deep concern over Reagan administration legislative proposals to toughen controls over the West's trade with the SovietNYT - 695 words
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325 1983-04-30 5 GOVERNMENTS of poor countries have appealed to the US and other leaders of the World Bank for at least USP bflUon more in loans by ISM. Chafcnmn GMha Ishaq Khan, Finance Minister of Pakistan, opened a meeting of the 21 governments325 words
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483 1983-04-30 5 Reuter THE HWflpw Economic Community's executive rnmmtartoa baa attacked US trade regulators' plane Cor quotas oa special steel Imparts and accused the US industry of harassing Europees producers. Rasp—Mat to the US International Trade Commission (IXC) <scMss to Reagaa impoae qaotas backdated to JaanaryReuter - 483 words
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253 1983-04-30 5 Reuter BRITISH mMtfersMleve pressure to Intensifying on Prime Minister Margaret Thatcher to call a June general election, as a later tainty and start to inflict damage on the economy. favour cslWag an October electioa for political reasons, they recognise financial markets Judge aReuter - 253 words
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WORLD IN BRIEF
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Article370 1983-04-30 5 Agencies A CHAIN of bomb blasts hit railway stations and other public buildings in Paris and provincial French cities early yesterday, causing heavy damage but no casualties. Responsibility for the «plosions, numbering at least 16, was claimed by guerillas of the Corsican National Liberation Front which isAgencies - 370 words
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221 1983-04-30 5 AP MOBIL Corporation said its first-quarter profit rose 2 per cent from a year ago, while Standard Oil (Ohio) reported a 39 per cent decline. Mobil, one of the tew major American oil companies to report higher profits in the January-March period,AP - 221 words
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220 1983-04-30 5 Reuter NESTLE and the Malaysian agricultural development authority (Feida) are to Hak op to make cocoa from cocoa beans grown In Malaysia. They will term a Joint company called Malaysian Cocoa Manufacturing owned SI per cent by Fttda and per cent oy Nestle. AboutReuter - 220 words
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185 1983-04-30 5 FT THE golden arches will adorn the streets of Belgrade soon, if a Joint venture agreement between McDonald's of the US and RO Prokupnc, a big Serbian food processing company, to sell Big Macs in Yugoslavia wins Yugoslav government approval. The government review,FT - 185 words
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Page 4 Advertisements
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Advertisement346 1983-04-30 4 x< TIMES INTER-BUSINESS HOUSES ATHLETICS MEET National Stadium Saturday, October 8,1983 Events MEN WOMEN 100 m 1,500 m 200 m 3,000 m (FOR WOMEN ONLY) 400 m 5,000 m 800 m (FOR MEN ONLY) 4 x 100 m 4 x 400 m Triple Jump (FOR MEN ONLY) Long Jump High346 words
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Advertisement22 1983-04-30 4 Pan Am To Hongkong DailyAt7.2oam It's The First Flight Out The first Flight In. -j Pan Am.You Can t Beat the Experience.22 words
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Page 5 Advertisements
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Advertisement16 1983-04-30 5 9 r *%SO'A f /l>> a&t*i mmk'-n Wf/ Jfc ifllfef to *V' m MH H()T[ '•> j,-16 words
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Article411 1983-04-30 6 RETAIL trade in Singapore takes place in one big battle ground where wars of all sorts are constantly being fought among department stores, retailers versus wholesalers, the consumers' association against unscrupulous shopkeepers, shop owners against property owners and consumers against bargain-hunters as they jostle each other411 words
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Article, Illustration694 1983-04-30 6 GILLES BERTIN - Bali unsullied by flocks of tourists Bali unsullied by flocks of tourists By GILLES BERTIN AFP THE inhabitants of the "paradise island" of Bali, despite an annual influx of 400,000 western tourists, have retained their cultural and religious customs almost intact. The 2.5 million Balinese continue the daily round ofAFP - 694 words
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Page 6 Advertisements
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Advertisement172 1983-04-30 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you re o freight forwarder or in anyway connected with the shipI 'iny and cargo business, Shipping Times has just tho space tor you You II he reaching a very172 words
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Page 6 Miscellaneous
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Miscellaneous707 1983-04-30 6 m SINGAPORE 5 100 PM Opening Mowed by Sesame Street (CMdren's Programme) 2.00 Satvday Matinee Fish Hawk It? i- 9 3 Mw-Constttuency Badminton Fouls 4.35 Indonesian Mem Ira Maya Sopha Si Anak TW 6.15 News. 6.25 (ki We Go (Engfsh Lessons) 6.40 A Oft to Last (Chapter IX) 7.30 News707 words
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Article, Illustration894 1983-04-30 7 MIKE ROSEL - By MIKE ROSEL AIS NEW microscopic techniques for examining stone tools are helping rewrite the 40,000-year history of Australia's aboriginals. Archaelogists around the world are busy refining "use-wear" analysis, which offers them far greater understanding of stone tools, often their single best clues to theAIS - 894 words
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684 1983-04-30 7 I/\A\ 1 S in the "Wind J WHEN the circus came to town, it brought along its own water supply just in case Singapore's water wasn't clean enough for the animals. Gerry Cottle's chimpanzees were, however, more fussy. They didn't drink anything except iced684 words
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Article, Illustration958 1983-04-30 7 ELAINE WILLIAMS - ELAINE WILLIAMS describes how Walt Disney drew upon its experience gained from the building of the Disneyland parks in California and Florida and of the Epcot Center to help the Japanese create the first Disneyland outside the US. ELAINE WILLIAMS FT THE word DisneyFT - 958 words
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Page 7 Miscellaneous
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Miscellaneous586 1983-04-30 7 CRYPTIC PUZZLE ACBOBB 8 Appears frightened when one gives the wind up to, again (7) 9 She has tea with a German woman (9) 13 Admit everything and cry (5) 14 Bring on the collapse of the ruin and get caught in U (5) 15 Sign oo the bottom or586 words
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Page 8 Advertisements
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Advertisement192 1983-04-30 8 Where to wine, dine and entertain z> with the American Express* Card "if you don't already have the Card\ call *****33 for an application form'" m Singapore ggSsr.**$12* M w jtLd i *t&* r »i> A. Baron's Table Sunday Branch... youTl love it! Give mum a break this Sunday and192 words
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Advertisement185 1983-04-30 8 *11 lor sushi. lor teppanvaki. lor other authentically Japanese delights. A Lfe (< -i ill 11-\ I*: i i'U i< ii< ii i *-> i 11*4: i| m »i-1 T^*vIK -x c •v> >> a*r~-'-\ Y-£ "WJsttafeT On Saturdays and Sundays at lunchtime, feast on our generous Rijsttafel spread. It185 words
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Advertisement197 1983-04-30 8 I m zvfanda Singapore's latest to good food and cosy surroundings. Special servings are set for breakfasts, luncheons, dinners and late night snacks a wide selection of Oriental and Western fare. Cate Vanda your haven 24 hours a day Paramount Hotel Marine Parade Road. Singapore 1544 TW: 344 5577 Thai197 words
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Advertisement235 1983-04-30 8 /i."W k li K r «i <■■■*. 181 -ra» a. I tTk a r. if i*« i i i ik i i Great live entertainment at the Tbp of the Hilton rfightlyatllpm.Aprl 25th-30th(nctate) Cover Charge: Diners at the Inn of Happiness $18.50 per person. Non-diners $35.00 per person (inclusive of235 words
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Advertisement144 1983-04-30 8 Sink into a toft chair in your own ooay i MMyinf drink in your hen*. IWk, in 1 And nMan tha drinks finally hit you. lat your thoughts matt whila tha music of THE THUNDER BIRDS fids your haad. Drop in 11.00 am to IJOOam on maakdoya tup to 2.00144 words
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RAW MATERIALS
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Article176 1983-04-30 9 CHINESE Predace Exckaage, Singapore, mm clMtag price» per lM kg yesterday. CwMit M: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $113.00 sellers, new drum fob $117.00 sellers. Cepra: Mixed (loose) $58 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers. Sarawak white pepper176 words
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Article196 1983-04-30 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CettM yam: China Blue Phoenix 20s 2,530 32s 3.212. 40s 3,306 (per bale of 400 lbs). Piece geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article328 1983-04-30 9 SINGAPORE: Yesterdays closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.74, 100 per cent third class 0.70, 25 per cent new crop 0.58, B-10 per cent 0.68. THAI BROKEN: A-super 0.62, Special 0.58. THAI328 words
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Article889 1983-04-30 9 COFFEE: Robusta coffee futures were generally lower at midday, between £12 above and £20 below Thursday's close in traded positions. May drew steady buying on the last day before it becomes spot, ending £12 up. Its premium over July widened to around £200 from £185 at Thursday's close.889 words
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Article132 1983-04-30 9 THE Malaysian crude palm oil market yesterday eased slightly on selling in quiet trading ahead of the long weekend In May, south region fell M 52.50 to $837.50 a tonne while central traded unchanged at $835. The refined market was featureless on lack of interest. The market is132 words
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Article302 1983-04-30 9 RUBBER prices in Singapore yesterday closed slightly higher with May One RSS buyers quoted at 224.50 cents a kilo, up two cents from Thursday's close. Morning prices were marked up slightly on higher London trade demand, speculative buying and covering interest. Afternoon prices fluctuated around lunchtime levels on covering302 words
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Article375 1983-04-30 9 R AS prices in cenU per kilo yesterday: Noon (per Ulo) Int 1 R.S.S prompt f ob EiaT* 222OON IM 1 R S S May 222 00 223 00 1st 1 R.S.S June 227 00 228.00 IM 2 R.S.S MM m OON UK COM W OO 307 OON375 words
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Article111 1983-04-30 9 1 I I 1 i «Ujr EA8 May Mth) SSR 20 SSR SO (lua pailati (l u IMDMI Bayara It 307 00 303 00 300 OON 206 00N >aya«» Bt 20ft 00 304 00 LUn 210 OON 306 OON HUU May Jim SMRCV SMR L SMR SMRGP111 words
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Article30 1983-04-30 9 Rubber April 29 Singapore: May: 224.50 cent* (up 2.00 cents) Malaysia: May: 251.00 cent* (up 3.50 cents) Tin: M 531.53 per kilo (unchanged) 137 tonnes (up two tonnes)30 words
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Article58 1983-04-30 9 THE STRAITS TIN price In Penang yesterday remained at M$3L53 a kilo, still within the ITA "may bay" range ef $21.15 and Dealers neted continued strong support from the buffer stock manager despite shortage ef demand frem other sectors. Turnover was at IS7 tonnes, up frem Thursday's 135.58 words
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Article149 1983-04-30 9 SOYBEAN futures ini Chicago on ThursdaJ| closed 24 to V/t US-cenV a bushel firmer after opening mixed and standing easier for much of the day. May traded in a 6"« cent range. Traders attributed gains which occurred shortly before the close largely to speculative buying by locals, who were149 words
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Article174 1983-04-30 9 WHEAT futures in Chicago on Thursday closed 1V« to "t US-cent a bushel easier in often quiet trade. May traded in a 2 3 cent range. Light commercial buying provided some support for values, but the market held below Wednesday's close for much of the day in line with174 words
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INTERNATIONAL STOCKS
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Article408 1983-04-30 9 HONGKONG STOCKS yesterday rebounded in the afternoon to close steady and the Hang Seng index ended 6.82 points higher at 1,019.43 against a 2.84 loss at mid-morning, brokers said. Prices recovered in late trading on speculation that local bankers may propose to the authorities a cut or408 words
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Article369 1983-04-30 9 PRICES yesterday rallied in quiet trading on the Australian stock exchanges after Thursday's shakeout. At 1500 the All Ordinaries index was 4.9 points up at 592.2 with the all industrials 5.1 points higher at 741.5 and the all resources 4.7 points higher at 471.9. Brokers said investors369 words
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Article198 1983-04-30 9 PRICES yesterday closed mixed on turnover of 2.83 million pesos compared with 2.48 million on Thursday, dealers said. The commercial and industrial index was down 0.09 to 109.06, the mining marker was down 11.92 at 1,364.62 while the oils index was unchanged at 1.42. Lepanto "B" was up to198 words
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Article144 1983-04-30 9 APR 29 Bahts Aokham Thai Ajii pibra I 10* ♦a Ayuthajra In* And Trust 136 unch Bangkok Bank 104 I Bank Of Ajrudhaja ♦S I1H 1S1 Bala Shoe Berli Jucker I 307 Charoonc Thai as Firestone First Trust I 812 0.5 Ooodyear Industrial Finance Corp 14* 1 Jtlipnthan Cement144 words
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Article159 1983-04-30 9 apr a ru ABM nui Ahold -T Akao KJB -L« -1 Amfaa Amrobnk ■mm H.40 1 -J KT" MJtO 41 ■"It 1 ling—■ UM 111 JO <4 •4 Boaka Burnt Caland tuo «AJO MO •U -0J -0.1 Cal* (Ml MU 1 Elamer mm 17 JO BUI I -0-2 •M159 words
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Article182 1983-04-30 9 APR Pi» GROUP B CORBEILLE Carrefour Financier* (to 12TS 1 Alr-UquKK B 8 N Ocmla Dtnonc 442 in 1 LUnion Latarae Moet-Hemnf Opn-Paribas 28 208JO 1000 127 JO •1 -IJ U 14 C 8 r (ThomsonCle rnncalat del Petioles Credit Ponder D» Prmncc IK Penarroya Radlotechnlque GROUP Compacnle Baneair*182 words
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Article179 1983-04-30 9 apr a Prmncs Actions Suisse* at Alusulsse Br. 00 1H AluaulMt Rh Brown Borerl Br Ota Oetgy Br Ctbt Oetfj PCCite Oetcjr Dm Credit Suisse Br Credit Sum Ret IkklronU Br Otorr rueher Br Olobtu Pr •1 -10 4» > ♦s uncti uneh 4j •a Hero Br J010 uneh179 words
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Article95 1983-04-30 9 apr a i An Btitofl 211 »IS Bel 111*0 J10 Central* Ort Cond Acqua Romi ErkUntA 2230 -40 1IB *1 7300 SO rial Ord 2H6 136 13BA00 ♦lOO Olm 3060 .40 in Pri* Invest lulctmtntl Ord Italcaa Lepetlt Ord 3010 J81 ***** -tOO 1040 30 moo unch Mediobanca *****95 words
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Article249 1983-04-30 9 APR a Rand INDUSTRIALS a Alpha as unch rruat Bk IM -1 Un Steal M -I too unch Wootvorth IMi -M Abarcom M -M AM And CI M -190 MININGS Mt ixr* a. Mrtm IM -a AnclTUl 7M0 xzsr 12 :i2 C O Smith M -JB0 CNA in Charter249 words
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Article206 1983-04-30 9 apr a Abltlbfl CI XI* Hud Bay kiln Imp OU tnco 1»* 26* 17* 4* I 4* Alcan a* Int Pro? Pipe an Alcoma JH 4-* Int UU 27 4* Bulk Moot Bank Nova Scotia Bell Tel a* *1* •1 4* InU Nickel Kerr Add LoMaw B 17* 17206 words
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Article79 1983-04-30 9 APR B Dm Hooehot 140JO +0J Hoeach 56J0 -U Aef-Telefunken 04 10 -0.0 Horten 150.50 BABr i«jo mi lunudt mm -u B*Wf 140 JO -41 KHD ***** -41 BWW 342.00 .1J UlMtc 362.00 -4 Commerebtnk 100 JO -*7 Mtnnnmtnn 178 00 -04 Contl Oumml KTO 1 Preuuac 304J0 -4J79 words
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Article90 1983-04-30 9 apr a Pr» Or Bru Lamb 1086 41 Hobo* 4*00 a FORWARD MARKET Pelro M» -40 Ryl Dutch aso -a Ot SMro 1S30 -a MM 1112 •a Soc Orn Bete 1730 ♦a Milt JJJ 5 Sofina 9000 unch Brmacut UM -10 Solymy A 1186 -a Canpac Cock UB no90 words
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Page 9 Advertisements
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Advertisement61 1983-04-30 9 BANQUE FRANCAISE DU COMMERCE EXTERIEUR DLRS US. 125.000.000 GUARANTEED FLOATING RATE NOTES DUE 1988 In accordance with the terms and conditions of the notes, notice is hereby given that for the 6 month period from April 28, 1983 to October 28, 1983 the notes will carry an interest rate of61 words
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Advertisement7 1983-04-30 9 See page 11 for New York stocks.7 words
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Advertisement747 1983-04-30 9 Britiah-American Tobacco Company (Singapore) Ltd. NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the Fortieth Annual General Meeting of British-American Tobacco Company (Singapore) Limited will be he« at Bokhara Room. Marco Poto Hotel Tangtin Road. Singapore 1025 on Wednesday. 25th May 1963 at 11.00 am. for the transaction747 words
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3502 1983-04-30 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. All Times Settlement Contracts are quoted after3,502 words
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Article208 1983-04-30 10 SINGAPORE UNIT TB18T (Maaagnra' prtoM tor May S) The Commerce 3.46 3 68 The Savings Fund J 98 2.10 S pore Prog Fund 1.53 162 S pore Sec. Fund 2.31 2.45 S pore Invest Fund 1.22 1.29 S pore Equity Fund 1.51 1 CO DIAMOND MOT STOKE (Maaagers'208 words
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Article3400 1983-04-30 10 1983 High Low Company Last Saie orGr'. Div Div Cvr Gr"a Y'ld Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 280 237 288 526 380 132 2S2 230 288 845 520 535 1330 530 340 545 775 382 420 950 290 915 845 2753,400 words
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Article2068 1983-04-30 10 BID and offer prices officially lifted and business in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified INDTSTUALfi AJbMMto AW«i (2 S4B 2.565) (2) 2 (1) 2.38 (78 22,068 words
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Article877 1983-04-30 10 > LED BY weUnaastalaed lateral la selected masters, the Magi tteck market i wHamaed a ailtrt rise la prtoea yesterday alter woe kottaaee. Brsken astod that tradlag was faiet at the eateet hat the aadertsae waa ■toady. "There «ai ast atseh aelllag pre—are aad there aheald877 words
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Article522 1983-04-30 10 THE Kuala Lumpur stock market closed the week at an all-time high for the third consecutive session. The 30-counter New Straits Times Industrial Index gained 7.02 points to 1278.58. After opening a shade higher, prices continued to rise slowly for most of the morning session.522 words
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COMPANY NEWS
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1075 1983-04-30 11 NAJEEB JARHOM - By NAJEEB JARHOM INCHCAPE Bhd has ended 1962 with a healthier balance sheet after it sold its Toyota interest in Malaysia and some other properties and equity holdings. Group borrowings were sliced by more than a third to $163.7 million from $246 million at1,075 words
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Article164 1983-04-30 11 MING CMrt Hetel limited: Fifteenth AGM to be held in the Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore, on Saturday, April 30 at 12.15 pm. UNITED Overseas Laid limited: Twentieth AGM to be held at the Function Room, 3rd Storey, The Plaza, 7500A Beach Road,164 words
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Article1256 1983-04-30 11 NEW YORK THE DOW JONES Industrial Average on Thursday surpassed the record closing high set only two days ago and stayed above the 1200 mark for the third session in a row. The Dow, the market's most widely followed measure, was little changed until mid-afternoon, when it1,256 words
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Page 11 Advertisements
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Advertisement376 1983-04-30 11 Htnes, TIMES PUBLISHING BERHAD (Incorporated in Singapore) HALF YEARLY REPORT AND DIVIDEND ANNOUNCEMENT The Board of Directors of Times Publishing Berhad announces the following unaudited results for the half year to 28th February 1983. Turnover Trading profit before taxation Share of profit from associated corporations Income from investments, gross Dividends376 words
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Chief Price Changes
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Article177 1983-04-30 12 Rises Indices Gao rga Tow* 1400 KHUI HM|i 400 170 April 28 April 29 O C B C ltd Ox y gin litrsco 1200 488 84 -*-38 BT Composite: 928.78 933.50 380 31 BT Indicator: *****5 *****4 Utd Malacca 530 30 ST Industrials 953.13 954.87 N 8 O P177 words
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Article, Illustration184 1983-04-30 12 TRADING activity continued to remain on the Ugh side on the Stock Exchange of Singapore yesterday and share prices generally managed to finish marginally higher on fairly good support The all-sector Business Times Composite Index, which was up 1.5 points at noon, closed 4.72 points higher at tSSJi.184 words
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Article51 1983-04-30 12 H.K.HANG SENG Thursday 587.0 Week Ago 507.4 Friday 1018.43 Thursday 1012.61 Week Ago 1008.53 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN Thursday 696.8 INDUSTRIALS Wednesday 699.0 Week Ago 692.0 Friday... 741.5 Thursday 736.1 Week Ago 736.6 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Thursday 1219.52 Wednesday 1208 40 Friday 592.2 Week Ago51 words
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Article841 1983-04-30 12 EQUITIES drifted lower in quiet trading yesterday ahead of the holiday weekend, having opened generally higher on Wall Street's record overnight close, dealers said. At 3pm, the Financial Times was down 4.2 points at 692.6. Government bonds were mixed in dull trading, with long-dated issues around V» point841 words
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Article232 1983-04-30 12 ACMA Electrical Industries Ltd has recovered from its losses incurred in the first half to just about break even for the whole year. But the 1982 results still compare badly with those achieved the year before. At the operating level, stiff competition and high232 words
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Article52 1983-04-30 12 MULTI-Purpose Holdings Bhd has reported a further nine forged share certificates with noticeable defects. The company had earlier reported having received four fake share certificates for registration. It is seeking the advice of the police on the latest discovery and will keep the stock exchanges informed of52 words
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437 1983-04-30 12 CHRIS LIM - ■I Companies Editor: Mano Sabnani By CHRIS LIM HIGH interest charges and hefty losses incurred by a recent US property venture have bitten deeply into United Industrial Corporation's earnings. For the 17 months to Dec 31, 1982, the group suffered a hefty pre-tax437 words
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529 1983-04-30 12 AJINOMOTO (Malaysia) Bhd, which has traditionally been associated with food seasonings in Malaysia, has ventured into the manufacturing of organic fertilisers. Since the beginning of this year, the company has been producing organic fertilisers from effluent and selling it under the brand name of "Amina",529 words
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418 1983-04-30 12 THE tussle between Nissan-Datsun and Toyota for top spot in the Malaysian car market is continuing with Nissan-Datsun taking the lead at the end of the first quarter of this year. The latest motor sales (Peninsular Malaysia) figures for the first two418 words
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Article256 1983-04-30 12 HARIMAU lavesments Ltd's net tangible assets backing per share, based on the group's unaudited accounts as at March 31, 1963, was $1.29. Assuming full conversion of the loan stock into ordinary shares of the company, the NT A per share would be $1.22. GENERAL Corporation has changed the256 words
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224 1983-04-30 12 UNITED Estate Projects Bhd (UEP) has confirmed that it is holding preliminary discussions on its likely participation in the development of sizeable pieces of land adjoining its present development in Subang Jaya. Replying to a query from the Kuala Lumpur Stock Exchange, the224 words
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Article, Illustration148 1983-04-30 12 SEALION Hotels Ltd, owner of the Singapore Hyatt Regency, has adopted a new corporate logo. The logo (ab»ve) revolves around the yin and yang, the ancient Chinese principle of two contrasting yet complementary elements of the universe. The red and gold background parallels148 words
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Article114 1983-04-30 12 TAN CHONG Motor Holdings Bhd has reported group after-tax profits of M$36.71 million ($26.02 million previously) on a turnover of $724.01 million ($652.57 million) for the year ended Dec 31, 1962. The company itself turned in an after-tax profit of $22.65 million on turnover of $45.99 million. Directors114 words
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497 1983-04-30 12 JACK Chia-MPH has acquired a company in Australia to hold the group's interest in Allen's Confectionery Ltd and other quoted shares there. The company, known as Haddehaim Pty Ltd, was acquired for AJI.OOO which represents the incorporation cost. It was incorporated in497 words
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Page 12 Advertisements
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Advertisement257 1983-04-30 12 chard mm Profiles and Reminiscences of Men Who Have Shaped the Modern World RN: The Memoirs of Richard Nixon was called "the most absorbing political memoir of our recent history." The Real War was called "important and urgent" and "brilliant and informed." Both were international bestsellers with a combined sale257 words
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Page 12 Miscellaneous
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Miscellaneous57 1983-04-30 12 OUTLOOK for today: Rain in some areas during the morning. Report for 24 boars prior to 7J# pm on April 21 at the airport: Maximum temperature 33.5 Associated humidity 62 Minimum temperature 26.6 Associated humidity 93 Hours of sunshine 8.35 Rainfall in millimetres Nil Total rainfall for the month 33.657 words
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