The Business Times, 7 May 1983
1983-05-07
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The Business Times
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Title Section11 1983-05-07 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MAY 7, IKS 60 CENTS11 words
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Article, Illustration514 1983-05-07 1 LIM SOON NEO - By LIM SOON NEO THE newly formed Trade Development Board may have a more active role to play in the development of the local rubber trade in future. A hint of this came from Mr Chandra Das, chairman of514 words
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587 1983-05-07 1 LEE YOKE MENG - By LEE YOKE MENG THE INSURANCE Commissioner has circulated a code of conduct to be strictly followed by life insurance agents and brokers, with effect from July 1. Any breach of the code, which includes a debarment against rebates not specified in the587 words
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453 1983-05-07 1 NYT WORLD oil prices will fall another US$5 a barrel between now and 1985 despite the increased demand that will accompany economic recovery, the US Department of Energy said in its annual energy survey. Americans, moreover, will continue to conserve increasing amountsNYT - 453 words
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306 1983-05-07 1 Reuter JAPANESE exports are heading for a recovery after a prolonged slump, helped by inventory liquidation abroad and rising consumer spending in the US and other countries, Finance Ministry officials said in Tokyo. They said the view was supported by a Finance MinistryReuter - 306 words
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BRIEFLY...
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Article52 1983-05-07 1 Reuter STOCK prices in New York moved higher in early trading yesterday, with transportation stocks again pacing the market. The Dow Jones Industrial average climbed about four points, advances led declines by eight to three and volume totalled about 18 million shares in the first half-hour ofReuter - 52 words
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Article66 1983-05-07 1 AFP THE governing Conservative Party appeared to have won a victory in Thursday's district council elections in England and Wales, and some analysts are predicting that the results might prompt Prime Minister Thatcher to call a general election in June. But other observers warned that the partial resultsAFP - 66 words
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Article67 1983-05-07 1 Reuter HONGKONG'S proposed air passenger departure tax will be introduced on June 1, subject to Legislative Council approval, a government statement said. Financial Secretary John Brembridge said in his February budget speech the present passenger service charge will be replaced with a specific tax on passengers departing byReuter - 67 words
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Article76 1983-05-07 1 Reuter AMERICAN real gross national product is expected to grow by between 2.5 and 3.5 per cent this year, the Conference Board regional economic forum said. Most regions of the US will have a modest economic recovery this year, it added. The forum, com- posed of nine economists,Reuter - 76 words
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Article46 1983-05-07 1 AP CHINA'S Civil Aviation director has obtained approval from South Korea to visit Seoul to discuss handling of the hijacking of a Chinese airliner. A Chinese airliner landed in South Korea on Thursday after being hijacked on an internal flight in China. APAP - 46 words
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Article37 1983-05-07 1 Reuter THE United States and Taiwan have agreed to promote closer trade ties following a four-day conference on investment and trade in Taipei. Trade between the two nations amounted to US$l3.2 billion last year. ReuterReuter - 37 words
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Article61 1983-05-07 1 Reuter MINISTERS from 21 leading Western oil consuming countries will meet in Paris tomorrow to assess energy market prospects up to the year 2000 and ways of cutting dependence on imported supplies, the International Energy Agency said. The lEA member countries' reliance on oil imports from OpecReuter - 61 words
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Article46 1983-05-07 1 AP SWEDISH navy divers yesterday resumed hunting for suspected Soviet submarines thought to be lurking off the coast, including a possibly crippled mini-submarine, officials said. A news blackout was mantained on the search as it went into its ninth day in Sundvall Bay. APAP - 46 words
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298 1983-05-07 1 ENTHUSIASTIC hayera yesterday pwfcri the ateek market to aa all-time Ugh ta early trading Mm giving way to preflt token. After a atreag tpctdag, the market reached a hlstec le peak af m.U aa the Stralta Times ladastrtel Index at the cad af the298 words
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391 1983-05-07 1 LOH HUI YIN - By LOH HUI YIN ANOTHER round of taiWc on the natural gas pipeline project will be held between Singapore and Malaysian officials next week. The one-day meeting on Saturday, the third since the official talks started in January, will be held in391 words
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Article74 1983-05-07 1 Reuter PRESIDENT Reagan said yesterday that it would probably be late summer before he decides whether to reappoint or replace Mr Paul Volcker as chairman of the Federal Reserve Board. Mr Reagan repeated earlier denials of reports that he had decided to replace Mr Volcker.Reuter - 74 words
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Page 1 Advertisements
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Advertisement239 1983-05-07 1 :t»l» KKiai): 3f'V u™ai WORLD Bank officials are waging an intensive lobbying campaign to convince industrial nations the bank's borrowing and lending authority must be raised to prevent economic collapse in the developing countries Page l A BILL that would authorise spending US$lBB billion on defence, including a large array239 words
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Advertisement46 1983-05-07 1 Vouf Guide to tt* USSR AEROFLOT 0 AYn trf turfinf Singapore Otlice Market Street. »i>l-W Sinsox Building. Singapore 0104. let *>A7I I (5 line\) KudU I umpur lei 42.V1 Auckland lei "WOW Bangkok lei 2'<f>Wis S\dncv Tel 26.'52h 2620U>« Manila lel X*7?56 Adelaide Tel 22>7544 22VK1746 words
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Advertisement212 1983-05-07 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Sin g apore (Buku Merah) 'I- 0 ri *5 >>+ ■i w r Authorismd Dmatmrs Ally Handbags ft Shoes 01-35 p e"' r >s>,ia Tei *****82 #01-4 Bt*(f Tfnah Pla/a Te l *****69 Eillie Shoes Co 02-368 Q'leeosAay Shoprxnq212 words
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BANKING AND FINANCE
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575 1983-05-07 2 Reuter WORLD BANK officials were waging an intensive lobbying campaign to convince industrial nations that the bank's borrowing and lending authority must be raised to prevent economic collapse in the developing countries. Bank president A W Clausen has just returned from a series ofReuter - 575 words
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Article103 1983-05-07 2 Reuter INTERNATIONAL borrowing by the Organisation for Economic Cooperation and Development rose in April over March but overall monthly international market borrowing fell, the OECD said in a communique. April borrowing was US$B.76 billion compared with 18.03 billion in March. The largest OECD borrowers last monthReuter - 103 words
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347 1983-05-07 2 Reuter THE head of West Germany's central bank, Karl Otto Poehl, has cautioned against expecting the International Monetary Fund (IMF) alone to solve the world debt crisis. Speaking to the Frankfurt Chamber of Commerce on Thursday, the Bundesbank president alsoReuter - 347 words
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216 1983-05-07 2 Reuter AUSTBALLI eeaM doable lis geld ptedarilßa and Csaadlsa sstpat eeaM rise f0 per eeat wtttts five year», I» papers pwwstrt In Paris at a eeafereaee sa fsM organised by the Baak Lsals Dreyfaa. Aaatraha eaaM deaMa Us eatpat Is arsaad 41Reuter - 216 words
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312 1983-05-07 2 LEE YOKE MENG - By LEE YOKE MENG JARDINE Matheeon Insurance Brokers has become the first major multi-natlon-al broking group to establish its worldwide headquarters outside of the United States and Europe. Its from now on is Hongkong, home of the parent company. Announcing this yesterday, Mr312 words
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261 1983-05-07 2 Reuter LARGE federal budget deficits will mean continued high real Interest rates in the US, Federal Reserve Board member Henry Wallichsaid. He said on Thursday that the Fed will miint»!» control of the money supply regardless at the size of the deficit. "TheReuter - 261 words
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411 1983-05-07 2 Meeting of ADB in Manila Reuter CHINA'S application to join the Asian Development Bank received widespread support during the meeting that ended yesterday, but there was no consensus on what to do about Taiwan, president Masao Pujioka said Asked whether China had made a formalReuter - 411 words
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Article436 1983-05-07 2 MANUFACTURERS Hanover Corp was raising US$l5O million through a two tranche Eurobond, bond market sources said. Issued through an overseas finance subsidiary, both portions carried 10.25 per cent coupons and a par price, but different maturities. A $50 million tranche will mature after five years, while the436 words
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MONEY AND EXCHANGES
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Article417 1983-05-07 2 THE US dollar vu mixed against major currencies on the foreign exchange market yesterday. It eased against the local unit and yen but firmed slightly against sterling and mark. Trading was described by dealers as very quiet, In anticipation of the weekend and also because of uncertainty over417 words
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Article146 1983-05-07 2 THE dollar for overnight delivery yesterday closed slightly higher at 235 45 yen in moderate trading after opening at 235.25 This was above the 235.30/40 finish in New York on Thursday but below the 236.60 close in Tokyo on Wednesday Trading volume was a moderate USJI.3O billion. After opening146 words
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Article22 1983-05-07 2 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 9.09 per cent.22 words
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Article176 1983-05-07 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on May 6: US Offer M 7 day* 8'* 1 month 8H 8*i 2 months 8* 3 months 8* 6 month* 8 15/18 813/16 months 91/16 615/16 12 months 9* 9 Dm. 8w.Fr*. 1 month 3 months 6 months 12176 words
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Article44 1983-05-07 2 RANGE of price* offered by discount house* on May 6: Overnight 3 CaU deposits 2 3 CbtiH Bnyiaf Selliag 3-month Treasury bills 2W 2h 3-month Bank bills 7W 7H 3 months CD 7fe 7 6 months CO 7*» 7 Source: National Discount Co44 words
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Article49 1983-05-07 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 9 to May 13: Offered: $90,000,000 Applied for: (345,000,000. Allotted: 590.000.000. Accepted Mds: $99.47 approximately 55 per cent; higher bids in full. Avenge rate d dtoeout oo allotment: 2.075 per cent per annum.49 words
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Article289 1983-05-07 2 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the session in thin trading before closing slightly firmer than New York levels. Total sales for the day, including kerbs, was 575 lots. Prompt closed little changed at U*****.50 433.50 an ounce compared with $432/433 in New York, June slightly higher289 words
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Article35 1983-05-07 2 New York 12-348 12.35B 12 41S 12J2S Zurich L2 3J8 »rm 12.436 12.3JS Than Singapore 12JB 12 40B 11MS 12.SK OomtDg prie w in US dollar? a troy ounci Source: Credit Suisse, S'pore.35 words
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Article191 1983-05-07 2 THE US dollar was steady yesterday in moderately active late trading. Sterling fell to U551.5770/ 80 from an early $1.5815 25 and New York's close of $1.5790/5800 due mainly to profit-taking. However, dealers noted the undertone for sterling remained bullish as operators expect following reports of the results of191 words
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Article61 1983-05-07 2 Opening quotes yesterday: F FY 11.6260 445 Lit 2296.*****1.40 US 1.5760 70 Yen ***** 86 Can ***** 35 D Kr 13.7290,470 Cross 1 2254 57 N Kr 11.1945 2135 Dmk 3.8530 8585 S Kr 11 7920 8080 DF1- 4 3370 425 Aus Sch 27.14/.18 S FY 3.2385 440 Port61 words
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Page 2 Advertisements
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Advertisement353 1983-05-07 2 *H P4 'y R t(ONOMK:S P* MONETARY *5 ml :A > y v i V/ 41 N V Education, Manpower Development in Singapore by Pang Eng Fong Economic restructuring in Singapore since 1979 has quickened interest in productivity and manpower issues. This book, a collection of papers written between 1970353 words
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TRADE AND INDUSTRY
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332 1983-05-07 3 SOH TIANG KENG - By SOH TIANG KENG A MANAGEMENT exchange programme between the National University of Singapore and the American Graduate School of International Management (ASIM) may take place in the next few years. This was hinted by Dr William Voris, president of ASIM, who said prospects332 words
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408 1983-05-07 3 A NEW computerised method of collecting rent from HDB householders will be implemented by the end of the year if an intended trial project proves successful. It will then replace the punch card and cash register system now being used. An HDB spokesman said408 words
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Article397 1983-05-07 3 THE large number of US companies taking part in Computa '83 reflects the importance American computer makers attach to Asean as a market for high technology products. According to Mr Donn Heaney, director of the US Embassy's Export Development Office (EDO) here, the 29 US exhibitors397 words
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Article499 1983-05-07 3 SEMINARS AND COURSES May 7-June 25 (Saturdays, 2.30 to spm): Copper Tooling, NUS Department of Extramural Studies May 7-June 28: Introduction to Wordprocessing and Text Editing, Institute of Education, NUS Department of Extramural Studies May 7,14,21: The Secretary in Management Today, Singapore Institute of Management May 9-11: Purchasing499 words
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Article136 1983-05-07 3 THE Canadian Minister for International Trade, Mr Gerald Regan, will lead a 40-member trade delegation in talks with several government bodies during their three-day visit to Singapore, starting on Tuesday. Mr Regan will meet the Minister for Trade and Industry, Dr Tony Tan, and the Minister136 words
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388 1983-05-07 3 LIM SOON NEO - By LIM SOON NEO A NEW company to be formed soon by the Lam Soon group will be investing between J8 million and $10 million over the next five years to operate a chain of family-type restaurants here. A spokesman for Lam Soon388 words
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Article110 1983-05-07 3 MEDIPLAN International, which is associated with the British private health care organisation, Mediplan, is starting an air ambulance service throughout South-east Asia. Based in Singapore, Mediplan is offering a comprehensive evacuation and medical insurance plan for companies operating in the region. The latter insures the cost of110 words
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298 1983-05-07 3 THE HOUSING and Development Board is increasing its rents for commercial and industrial space because of "phenomenal increases" in the open market in the last few years. Otherwise the disparity between older and newer board tenants and between HDB and private sector298 words
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Page 3 Advertisements
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Advertisement267 1983-05-07 3 THAI'S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and take your choice to Paris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flics the shortest distance non-stop to COPENHAGEN,FRANKFURT,ROME and ATHENS. Then onward to the other great European capitals of267 words
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OVERSEAS
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Article, Illustration576 1983-05-07 4 AP, Reuter A BILL that would authorise spending US$lBB billion on defence, including a large array of new weapons, in fiscal 1984 has been approved by the armed services committee of the US House of Representatives. The bill gives US President Reagan all the majorAP,; Reuter - 576 words
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Article334 1983-05-07 4 Reuter AMERICAN businessmen believe the US economy is recovering from recession and a period of long-term sustained growth is in the offing. A survey conducted by pollster Louis Harris, released in New York yesterday, showed that of the 602 chief executive officers and chief financialReuter - 334 words
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Article708 1983-05-07 4 ARRIVALS Service Local Operator Number Time i From SIA SQ11 0010 LAX/TOO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ CAL NRT/TPE/KUL CI331 ***** TPE MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS MH603708 words
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440 1983-05-07 4 THE world's largest experimental reactor designed to produce electricity by fusing rather than splitting atoms was dedicated on Thursday at Plainsboro, New Jersey in the US. The reactor was hailed by the administration of Presided Reagan as a key to meeting the country's energy440 words
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208 1983-05-07 4 AP. Reuter AT LEAST 83 people were injured and 60 arrested in clashes in Paris on Thursday between demonstrating students hurling Molotov cocktails and other missiles at riot police firing tear-gas. A Police spokesman «aid 50 policemen and 33 students were known to beAP.; Reuter - 208 words
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Article868 1983-05-07 4 Reuter IRAN'S expulsion of 18 Soviet diplomats and its move against the communist Tudefa Party mark the collapse of Moscow's efforts to *»»<M a working relationship with the revolutionary leaders of its southern neighbour. Western diplomats in Moscow said the expulsion of the envoysReuter - 868 words
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245 1983-05-07 4 UPI A NEWLY discovered etaMt will skim past earth next week at the 'eiii tmuly' deae range sf 4 J illlrs km, giving scientists (Mr closest Issk at a comet In two ceatarles, US reaeatehers said. ■let Props Isisa l^bsratery scientist» said saUPI - 245 words
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Article398 1983-05-07 4 Reuter THE United States is tightening its system for granting visas in an effort to stem a flow of strategic technology to the Soviet Union. Undersecretary of State William Schneider said a new screening system being implemented would make it more difficult for foreigners to enterReuter - 398 words
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305 1983-05-07 4 Reuter SENIOR government sources in London yesterday discouraged speculation that British Prime Minister Margaret Thatcher would call a general election for June 9. Mrs Thatcher, who told Members of Parliament on Tuesday that she would not be hustled to the ballot box, hadReuter - 305 words
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188 1983-05-07 4 AP A MEDICAL laser that searches out specific colours can destroy growths Inside the body with pinpoint accuracy without harming neighbouring tissues. It may someday also allow doctors to operate on individual cells. Said Dr John Parrish of the Massachusetts General Hospital: "TheAP - 188 words
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323 1983-05-07 4 AFP THE Hongkong Customs dealt heavy blows to piracies of all kinds last year, including fake Apple computers, software, video tapes, fashions, watches and pharmaceuticals. Mr Douglas Jordan, Commissioner of Customs and Excise, said that while the Apple computer company ofAFP - 323 words
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152 1983-05-07 4 Reuter MORE than 50,000 bags of coffee with false origin labels have been found in the Hamburg free port, a spokesman for the German Coffee Federation said. The labels recorded the coffee as coming from the Philippines, but when documents were sentReuter - 152 words
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309 1983-05-07 4 FT FRENCH Prime Minister Pierre Mauroy came to the aid of the French franc with a strong reaffirmation of the government's anti-inflation policy. He also said the government was ready to "tighten the screws" further to achieve the goals of the stabilisation package announcedFT - 309 words
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WORLD IN BRIEF
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Article419 1983-05-07 4 AMERICAN plans to launch a US$lOO million communications satellite in August have been postponed until experts understand what went wrong with the April launch of a sister satellite. A tracking and data relay satellite that had been scheduled for launch on the eighth space shuttle flight419 words
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Article483 1983-05-07 5 FT INTERNATIONAL Business Machines (IBM), the world's largest computer manufacturer, is seeking industrial partners in Western Europe as part of a strategy to expand into telecommunications. Mr Kaspar Cassani, president of IBM Europe, said in an interview that preliminary talks had already been held withFT - 483 words
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Article1035 1983-05-07 5 VmmI KEPPEL WHARVES Ned Manila Doumen Kota Cantlk Straits Star Jenson IV May Sky Seng Hing Cherry Manls Pavlodar Bunga Gelang Equator Equator II Jenson Jin Xlang Kota Banteng Montauk Gannet Ned Loire Osa Menor SA Vergelegen Sphinx Starling Thai Rainbow Barth 3/4 8/9 10/11 21 221,035 words
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240 1983-05-07 5 FT CHRYSLER Cerperattoa ef the U8 It plasalag to pay «If UBs4to srtlHas sf Its g*vermmake Ms first pahtte bead •flerlag la II years, la a stop la tto retora to flaaadal vtaMMty. greap has $1.2 Mlltoa aetos eatstaadlag, which are repayableFT - 240 words
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443 1983-05-07 5 Reuter JAPANESE oil industry executives opened talks in Teheran yesterday on new contracts for Iranian oil amid confusion over a Japanese minister's reported remarks on Iran's pricing policy. Japanese International Trade and Industry Minister Sadanori Yamanaka was reported to have said on Wednesday,Reuter - 443 words
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412 1983-05-07 5 Reuter BRITAIN Will maintain informal contacts with key oil producing countries but rules out formal ties with the Organisation of Petroleum Exporting Countries (Opec). British Energy Secretary Nigel Lawson said this in Abu Dhabi after the end of a tour of oil producingReuter - 412 words
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277 1983-05-07 5 UPI A DOUBLE-GLAZING sales manager spent 18 months peeking around the Soviet trade delegation as a "mole" (or MI6, sniffing out Russian spies and secrets for British intelligence, a newspaper reported. The Standard, in a report on Thursday, named Bill Graham, a 45-year-oldUPI - 277 words
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171 1983-05-07 5 NYT AN ANONYMOUS American private collector has outbid a number of contenders, reportedly including the Louvre and the J Paul Getty Museum in California, for a suit of armour made for King Henry n of France in the mid-16th century. The American paidNYT - 171 words
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245 1983-05-07 5 Reuter POLAND'S Catholic bishops issued a tough statement yesterday, calling on the communist authorities to lift martial law and free political prisoners for Pope John Paul's visit next month. An episcopal communique, describing the papal visit as "a pilgrimage of hope", was interpreted byReuter - 245 words
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Page 4 Advertisements
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Advertisement20 1983-05-07 4 Pan Am To Hongkong DailyAt7.2oam The first f light Out The First Flight Pan Am.Vui .int lk.it tlu* f xpericiuv.20 words
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Advertisement0 1983-05-07 4 ">$[*>-;>;'\}%_->($~~}{@_%\)$\~0 words
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Page 5 Advertisements
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Advertisement306 1983-05-07 5 M TIMES INTER-BUSINESS HOUSES ATHLETICS MEET National Stadium Saturday, October 8, 1983 Rul— ft Regulations 1) Eoch company it allowed to enter three competitors for eoch individual trock and field event and one team for eoch relay race. 2) For purposes of oge classification, competitors in the veteran section must306 words
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Article544 1983-05-07 6 PEOPLE who gaze through binoculars at night are usually called "Toms" with a string of unflattering adjectives like "dirty, perverted, peeping" attached. Their neighbours react to them by drawing the curtains, calling the police or calling over armed with a chopper depending on how violent544 words
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Article, Illustration1188 1983-05-07 6 FAY JOYCE - By FAY JOYCE NYT FOR YEARS America's museum collections have grown at the taxpayer's expense. That much the government intended. But the Internal Revenue Service says art donors have abused the tax system to the tune of millions of dollars by claiming greater write-offsNYT - 1,188 words
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Page 6 Advertisements
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Advertisement159 1983-05-07 6 II you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |usf the space for you You'll be reaching a very select group of159 words
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Page 6 Miscellaneous
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Miscellaneous823 1983-05-07 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 9 It's funny to find the cast reduced (9) 10 The beam is not quite heavy enough (9) 12 Is it a ring enclosed in the letter? (4) 13 Now and again he comes in to give stick (6) 14 Give up the key once823 words
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Miscellaneous794 1983-05-07 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street: Children's Programme 2.00 Shazam! Ibec's Hissmen capture the Marvels, take them two million years into the past and turn them into Hissmen. 2.25 Saturday Matinee A Wedding on Walton's Mountain: Wedding bells have barely stopped ringing tor Erin when she meets794 words
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Article, Illustration1133 1983-05-07 7 SANDRA SALMANS - Lorimar Productions, the American company that has given us television shows such as Dallas, The Waltons and Knots Landing, has found the big screen less profitable. While it has not abandoned movie-making entirely, the company is treading moreNYT - 1,133 words
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Article, Illustration720 1983-05-07 7 CLARE FALLON - By CLARE FALLON Reuter BRITAIN'S stately homes have opened their gates to tourists, pop music fans, film crews and even gorillas in their struggle for survival. High taxes and soaring maintenance costs mean that many of Britain's landed gentry have to allow the paying public into theirReuter - 720 words
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377 1983-05-07 7 Reuter THE gMd life enjoyed by French barge-owners on Europe's rivers ud canals could soon become a thing of the past, hit by competition from road aid rail transport aad the declining state of France's waterways. Before the war there were some iijm bargesReuter - 377 words
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Article, Illustration740 1983-05-07 7 JEREMY CLIFT - By JEREMY CLIFT Reuter LAL MOHAMMAD Khan strokes his long hooked nose and smiles to reveal the few teeth that remain in his weather-beaten head. "I'm about 45 or maybe 47," he says, clasping a cup of hot spiced Kashmiri tea as the morning sun glintsReuter - 740 words
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Article284 1983-05-07 7 WALK-IN interviews are becoming an important part of companies' recruitment exercises but they can be problematic when too many Ah Kows, Ahmads and Arumugams decide to crowd the personnel manager's office. One company, Millie's Singapore, which requires •"experienced, intelligent, aggressive and hardworking marketing personnel" came up284 words
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Page 8 Advertisements
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Advertisement844 1983-05-07 8 Where to wine, dine and entertain M with the American Express Card HIM. If you don t already have the Card, call *****33 for an application form" iiifiiUv JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily 12 noon .'V /> m ii() p m 30844 words
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Advertisement224 1983-05-07 8 m v V MM A great place to nnwind wit* friend*. Let <** 3 talented bands entertain fOm with sensational music while *o° «P over a cod drink. 20% discount on ail drinks during happy hours (spm— 7pm daily) Business hours: M .00am to I.ooam on weekdays, up to 2.00224 words
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RAW MATERIALS
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Article171 1983-05-07 9 CHQiBSE Prsdam Exekaage, per lit kg yesterday. Cses—t all: Bulk fob $110.00 sellers, old drum (in second hand drum) fob $123.00 sellers, new drum fob $127.00 sellers. Capra: Mixed (looae) $63 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 seUers, Sarawak white pepper faq fob NLW $345.00171 words
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Article196 1983-05-07 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsa yarn: China Blue Phoenix 20s 2,500 32s 3,210, 40b 3,310 (per bale of 400 lbs). Piece gssds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article330 1983-05-07 9 SINGAPORE: Yesterday's closing prices in S$ 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. THAI330 words
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Article853 1983-05-07 9 COFFEE: Robusta coffee futures were narrowly mixed at midday, between £2 a tonne above and £8 below Thursday's close in traded positions. Nearby prices traded in a narrow range throughout the morning, dipping to close around the lows and slightly easier from Thursday night's close. July moved between853 words
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Article151 1983-05-07 9 THE Malaysian crude palm ofl market yesterday closed higher on pre-weekend covering in quiet trading. In May, central roue MS7JO to $840 a tonne while south and north gained $2.50 each to $84L50 and 1837.50 respectively. June saw north traded at 1837.50. In the refined market, July and151 words
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Article314 1983-05-07 9 RUBBER prices in Singapore yesterday closed slightly higher with May One RSS buyers quoted at 220.00 cents a kilo, up four cents from Thursday's close, dealers said. Morning prices were marked up slightly on covering interest and some up-country buying, they said. Afternoon prices gained further ground on speculative314 words
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Article32 1983-05-07 9 Rubber: May 6 Singapore: May: 220.00 cents (up 4.00 cents) Malaysia: May: 241.00 cents (up 2.00 cents) Tin: M 531.41 per kilo (down 4 cents) 130 tonnes (down 7 tonnes)32 words
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Article386 1983-05-07 9 RAS prices In cent* per kilo yesterday: Int. 1 R.S.S prompt fob 2U.M Int. 1 R.S.S May H7.(0 Int. 1 R.S.S June 223 00 lat 2 RSS 20t oc UK Com 2B 00 lat. R.S.S. 3M.M uk com ***** lot. 4 rss uaae UK Cant M1M lat 5386 words
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Article112 1983-05-07 9 1 is t —4 SMR phca yM <~**Y May JBM (Carnal 1 nym 8« Mtfc) (Forward Mlk) ■Vara Bayara M llara S8ft 30 (1-toa paliotl moo 308 OON moo 308 OON SSR SO MftELB (lUa pailMI 3020c May 204 OON xaoo Jaaa *****N SMRCV (lloa paUat) J»S0112 words
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Article78 1983-05-07 9 THE STRAITS TIN price ii Peoaag yesterday weakened four cents to Mttl.4l a kiio bat still remained within the ITA "may bay" level of $21.15 and $32.11, dealers said. They said the drap reflected laek Ai interest frem ether sectors hat cantlnned Strang sappart (ram the baffer stock78 words
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Article300 1983-05-07 9 FAIRLY quiet conditions and lower turnover were experienced as the rubber market seesawed within a range of eight cents looking for direction after last week's major correction. May One RSS finally lost 6Vi cents overall and went out to a wider discount, says Hat300 words
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Article207 1983-05-07 9 SOYBEAN futures in Chicago on Thursday closed V 4 US-cent a bushel firmer to three cents easier, with the spot May trading in a 6ttcent range. Commission house purchases and local shortcovering kept prices firmer across-the-board for much of the session, but heavy professional sales caused most values to207 words
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Article168 1983-05-07 9 WHEAT futures in Chicago on Thursday closed 4W to 1 Vi US-cents a bushel lower and the spot May traded in a BVt-cent range. Traders said the May price, which opened at its high for the day, drew initial support from commercial stopping of light wheat deliveries but heavy168 words
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INTERNATIONAL STOCKS
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Article934 1983-05-07 9 NEW YORK STOCK prices on Thursday closed higher and the Dow Jones Transportation Average soared to a new high as the market continued to resist a widespread sell-off. The Dow Jones Industrial Average gained some seven points to finish near 1220. The Dow Jones Transportation Average was934 words
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Article181 1983-05-07 9 MAT 08 m CORBEILLE Alr-UquMa B 8 N Qtmli Danona CBF (ThomaondM PfUotej Credit roncler D» rnu>c« 484 1186 118 in MB 4-14 15 01 4-1 HachaUa (UmirM) UuhliMa Bull MielMUn (B) Omnium p»«Mm n2£iiH-o« Prtnicmpa 8 A 1180 41 188 ZZ 1M 148J8 ***** -44 81 14 8181 words
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Article126 1983-05-07 9 MAT ABM n» mm +< mm atch mm +n m flu srBote fhM—i mt XJi -4.1 mm +di mm iu MJO >1 WjM Burtat CkN DM Mil «LM 4i am -i MJ» 1J aue .i OOJO *u auo -u 111 JO «ua ui u j L» PM nianii 4U»126 words
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Article64 1983-05-07 9 MAT m Da Aaj-T*t*funk«n TUO lOH -U •11 IBS CaanMnbul 1M.1Q -1.1 ZZ 1TXSC -u -u aa j"i ka 1 1 JLwJm n rm n i UUOB 1*7 JC HOMCh HorUn SI JO lttMB MM -u KHD Und* MftMB MUD 141 JO ♦a _u Prm—t rWst a Sebartnc MU64 words
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Article63 1983-05-07 9 MAT M rn FORWARD MARKET ACK MO unch Arted U« Aitur JJB 10 Bruon Ctnptc in ISM •ft 1M 430 -t •4 Ji. J5 unch unch T—' 10 *> Hobok nr -40 SO JO Soc 0«n Belf 1790 sa Soflnk «no is Bolvav A mo -M V Mont MOD63 words
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Article189 1983-05-07 9 MAT M Rand TM Bk 1<D 41 INDUSTRIALS w!!Tf-.U. mt AborcoM =Z£T :S MININGS AS And CI mm AaptM MM -M Aaaftop MB 5oc mm aoct> 5Z5? OS "2. Biiiiibi ISM miniM TW -M C O Smith an uncb CHA IM —>«. Oocm OoM Mi CwTk nauet IS uncb189 words
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Article182 1983-05-07 9 MAT 06 C* Hud Bkj Mln W +H imp ou ♦> AMUbi a unch toe* Alan M* Int ft®» Plp« Alcona a* -f lot OU IT* 1* Bank Moat at InU Mtekal »H Bank Hot* BcoUa 46* +1* K*rr Add l»% Ball TW XT* unch LoWaw B II* noeh182 words
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Article194 1983-05-07 9 MAY mod StnOoi Rag. HI pi Action* Tilnn 41 SulMf PC 1"^ Alusulaat Br Aluauli Rtt Brown Bonri Br. CU* 0«IC7 Br. Ctta Oalfj P C Cite Oalfy ta Cradlt Sulaa* Br Cradlt Bula* Ra> Ml m IIM mis IW an mm 3ao M Sulaar Raf 8 via Bank194 words
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Article93 1983-05-07 9 MAT M L BtlUfl Jj* oa' It Mediobanca M Llano am Ord Bel moo -ao Montadlaon mmmm Cantrmia Ord Cond Acqu* Rons Ertdania Flat OM OtMftll *32 -1U m uac TIM -M mm -a 1SMM Ml 1 1 Qllnui Ord MraUl And C •tralll Spa Raa Rlnaacvnte Ord MM93 words
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Article342 1983-05-07 9 HONGKONG THE stock market yesterday closed narrowly mixed with losks slightly outnumbering gains and the Hang Seng index ending 0.58 lower at 986.71, brokers said. Trading was dull and lacklustre throughout, mainly reflecting a lack of investment interest. Sentiment was overshadowed by worries over the recently weak342 words
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Article478 1983-05-07 9 THE Tokyo stock market yesterday ended the day slightly higher on balance after profit-taking eroded most of the early gains prompted by the yen's advance. The market average gained 7.60 to end at 8,670.64, after rising more than 40 points in early trading. The Tokyo Stock478 words
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Article120 1983-05-07 9 MAY M Aothan Thai Ail* ribre BmhU 191 j| j^ia 1M W uneh luji isa Bartl Juektr Ctiaroon« Th*. WU* PtrcMon* nm Trust 7i Good T—l Industrial Finance Corp 148 unch Jalapratlian Cement 174 4 1 Maboonkhronf 107 41 MetaJ Box 11 75 unch Ram* Tower 52 41 Saha120 words
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Article322 1983-05-07 9 AUSTRALIAN share markets yesterday closed slightly lower for the fourth day in a row. Lingering concern about the market's ability to absorb any more rights issues or share placements continued to inhibit trading, dealers said. At 1500 the Australian All Ordinaries index was down 0.6 at 588.5, after varying322 words
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Page 9 Advertisements
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4036 1983-05-07 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 after4,036 words
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Article204 1983-05-07 10 SINGAPORE UNIT TRUST (Managers' prtw for May 9) The Commerce 3 52 3.74 The Savings Fund 2.01 2.13 S pore Prog Fund 1.57 1.06 S pore Sec Fund 2.36 2.51 S pore Invest Fund 1.23 1.30 S'pore Equity Fund 1.53 1 62 DIAMOND mot stoke (Managers' prfeas tar204 words
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Article3433 1983-05-07 10 IMS Hifk Low Coapu; Last 8ale +orGr"» Div Div CTT Gr'» Net YTd P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 293 266 560 380 132 262 245 268 645 520 535 1330 535 340 545 870 382 472 955 290 960 680 2753,433 words
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Article2116 1983-05-07 10 BID and offer prices 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 INMBTUALB (3.148) (69 306 (41) 300 (24 3 04 35 3 082,116 words
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Article748 1983-05-07 10 THE laeal stack market i rase to aa all-time high in early maraiag trading yesterday as iaveatort cantlaaed to lead their haytag sappart. Bat praflt-taklng la the afteraeea braaght shares to a slightly easier finish. The Straits Times ladastrlal Index, a wldely-fei-••wed market berameter, Bhat to a748 words
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Article662 1983-05-07 10 HEAVY profit-taking on the Kuala Lumpur stock market yesterday took the steam out of an early rally and caused it to close mixed to slightly easier. Market observers said that some investors turned cautious in the afternoon and resorted to selling ahead of the weekend. Prices662 words
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COMPANY NEWS
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584 1983-05-07 11 Reuter THE Labour government's decision to review its policy on foreign Investment in Australia should not have a major impact on the stock market, stockbrokers and economists said. They said any shift in emphasis would almost certainly be in theReuter - 584 words
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818 1983-05-07 11 CHOO AI LENG - By CHOO AI LENG THE Singapore economy will have to rely more heavt-ly on domestically generated activities if it to to achieve a growth rate of 4 per cent this year. This if the view of Mr Wee Cho Yaw, chairman of United818 words
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Article242 1983-05-07 11 Reuter HUTCHISON Whampoa Ltd had a "quite encouraging first quarter with results slightly better than expected," chief executive JA Richardson said. However, he declined at a press briefing to elaborate on the first quarter 1963 results and said the company still viewed the outlook for the wholeReuter - 242 words
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Page 11 Advertisements
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Advertisement671 1983-05-07 11 Malayan United Industries Berhad (Incorporated in Malaysia) Notice is hereby given that jm Extraordinary General Meeting of the Company will be held at Studio 11, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Tuesday, 31st May 1983 at 11.30 a.m. for the purpose or considering and, if thought fit,671 words
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Advertisement487 1983-05-07 11 Central Sugars Berhad (Incorporated in Malaysia) Notice is hereby given that an Extraordinary General Meeting of the Company will be held at Studio 11, Kuala Lumpur Hilton, Jalan Sultan Ismail, Kuala Lumpur on Tuesday, 31st May 1983 at 10.00 a.m. for the purpose of considering and,if thought fit, pass the487 words
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Chief Price Changes
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Article174 1983-05-07 12 Rises Indices Metro HM(i 1070 60 Dunlop Est 715 50 May 5 May 6 A Enterprises N 8 T Island A Pen 300 1135 740 36 35 30 BT Composite: 942.80 938.88 BT Indicator: *****5 *****9 Pet sling Gd ftO« 252 27 ST Industrials: 968 46 960.41 D Keramst174 words
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Article, Illustration180 1983-05-07 12 Rises Indices Dunlop Est Kuchai Taiping Con Petaling Garden Austral 780 600 760 272 310 +60 50 50 24 20 MBT Index: NST Industrials: NST Finance: May 5 May 6 *****31 *****08 1303.50 1297.73 2201.87 2196.22 U Cable R Sayang Jacks Int'l Timuran 416 464 580 710 20180 words
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Article50 1983-05-07 12 H.K.HANG SENG Thursday 589.1 Week Ago 592.2 Friday 986.71 Thursday 987.29 Week Ago 1019.43 AUSTRALIAN INDUSTRIALS FINANCIAL TIMES INDUSTRIALS Thursday 695.0 Wednesday 689.8 Week Ago 696.8 Friday 743.1 Thursday 744.1 Week Ago 741.5 ALL ORDINARIES Friday 588.5 DOW JONES AVERAGE INDUSTRIALS Thursday 1219.72 Wednesday 1212.65 Week Ago 1219.5250 words
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Article851 1983-05-07 12 STOCK prices declined yesterday in spite of early strength with trading quiet ahead of the account end, dealers said. At 3pm, the Financial Times index was down 2.6 points at 692.4. Glaxo attracted early interest and jumped 80p to 940 on news that the US Food and Drug851 words
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495 1983-05-07 12 CHAN OI CHEE - ■BBSS Companies Editor: Mano Sabnani By CHAN OI CHEE UNITED Industrial Corporation (UIC) has disposed of a block of shares in United Engineers Ltd (UEL) just a year after it acquired a strategic stake in the ailing heavy engineering group. Business Times learnt yesterday495 words
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Article111 1983-05-07 12 DUNLOP Estates Bhd has reported an after-tax profit of MI7.78 million ($11.25 million previously) on a turnover of $96.67 million ($109.35 million) for 19S2. Directors have proposed a final dividend of 10 per cent, less tax. DUTA Consolidated Bhd has reported a group loss of M$4.94 million ($2111 words
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Article256 1983-05-07 12 HARRISONS Malaysian (HMPB) proposed rights issue has been revised to one-for-10 at a price of M 52.10 each. This compares with the earlier proposal for a rights issue of one-for-15 at a price of $3.15. Pertanian Baring Sanwa, on behalf of HMPB, said the revision follows discussions256 words
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Article83 1983-05-07 12 MALAYA Glass Factory Bhd said that at the clooe of its recent rights Issae on April X, acceptances received amounted to 7.88 million shares. Bums applications were received In respect of a farther SttJSU shares. The total acceptances and excess applications repreoent 18.55 per eent of the83 words
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671 1983-05-07 12 Bousteadco Singapore Ltd is "reasonably confident" that the group will return to profitability this year, after incurring a heavy after-tax loss of $2.92 million last year. This is because some of its loss-making subsidiaries are being discontinued while the operations of671 words
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372 1983-05-07 12 CHOO AI LENG - By CHOO AI LENG MALAYAN Credit Ltd yesterday perslsteat rsmesrs af a takeover bid far the MBfaqr. A spokramaa tsld Baalam Times that the grasp has not received a settee of takeever «Her. "If we de, we are daty-heaad to inform the steek exchaage," he372 words
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424 1983-05-07 12 NAJEEB JARHOM - By NAJEEB JARHOM COLD Storage Holdings PLC has revamped its senior management structure in order to take advantage of new opportunities and to maximise output from "positive interaction between divisions". Mr RJ Barton, chief executive Operations, Malaysia and Singapore said the restructuring will help the424 words
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343 1983-05-07 12 HAVING made a sharp turnaround last year, Malayan Cables Bhd is making every effort to maintain earnings this year at satisfactory levels. The company said it has started 1983 with a satisfactory order book but is worried that intense competition in the private sector343 words
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Page 12 Advertisements
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Advertisement195 1983-05-07 12 Make it your business to be part of GMO &5 The First International Technology Exhibition for Asia 6 9 September 1983 World Trade Centre Singapore. Asian Energy *83 is Energy Generation, Distribution, Conservation and Alternative Energy Sources. It is estimated that in the rapidly expanding ASEAN and S.E. Asian Region,195 words
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Page 12 Miscellaneous
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Miscellaneous67 1983-05-07 12 OUTLOOK for today: Partly cloudy; showers in several areas in the morning and in a few areas in the late afternoon. Report for 24 hoars prior to 7.3t pm on May at the airport: Maximum temperature 32.8 Associated humidity 70 Minimum temperature 25.6 Associated humidity 93 Hours of sunshine 5.2067 words
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