The Business Times, 21 May 1983
1983-05-21
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The Business Times
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Title Section11 1983-05-21 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MAY tl, IKS 60 CENTS11 words
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346 1983-05-21 1 SOH TIANG KENG - By SOH TIANG KENG A EUROPEAN banker, Mr Albert Dondelinger, yesterday predicted a shift soon in lending strategy from syndicated loans to governments to project financing. Bringing about this shift are debt and repayment problems of Latin American nations which are causing strains346 words
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193 1983-05-21 1 THE Public Utilities Board has awarded a second contract worth $206 million for the stage one development of Pulau Seraya Power Station. The board announced yesterday it had awarded the contract for the supply, delivery and installation of three 250-megawatt steam boilers and auxiliary193 words
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513 1983-05-21 1 ALAN LEE - By ALAN LEE SINGAPORE Land Ltd's prestigious Shell Tower at Raffles Place has given a big boost to the property group's interim earnings. For the six months ended Feb 28, 1963, group pre-tax profits jumped 168.4 per cent to $15.15 million from only $5.65513 words
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489 1983-05-21 1 Reuter AUSTRALIA'S Labour government has launched its plans for economic recovery with a package of measures which show a new caution and moderation. The Labour Party had promised tax cuts, mostly for the lower-paid, in the election campaign before winning power from the ConservativesReuter - 489 words
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327 1983-05-21 1 Reuter JAPANESE exports are showing clear signs of recovery and domestic inventory adjustment is developing satisfactorily. The Japanese government's Economic Planning Agency (EPA) said in Tokyo yesterday that Japanese customs cleared exports in the January/ March quarter rose 5.9 per cent from theReuter - 327 words
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BRIEFLY...
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Article84 1983-05-21 1 Reuter LEADING Hongkong banks raised interest rates by two percentage points to 13.5 per cent yesterday and the Hongkong dollar, which sank to a record low in currency dealings this week, quickly gained strength after a day of wide fluctuations. The dollar recovered to 6.9396 toReuter - 84 words
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Article59 1983-05-21 1 AFP CUSTOMS authorities in India's southern port of Madras have seized 136,000 pieces of snake skin from a Singapore-bound vessel. Customs collector AC Saldanha said the skins were worth three million rupees (US$300,000) and were found in 61 wooden cases originally declared as handloom sheets and towels.AFP - 59 words
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Article65 1983-05-21 1 UPI A NINE-MEMBER delegation seeking to reverse Taiwan's brain drain left for the US yesterday to try to persuade US-aJucated students from Taiwan to return to the nationalist Chinese state. The delegation will visit 15 universities on the east and west coasts in 30 days to lureUPI - 65 words
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Article67 1983-05-21 1 INDONESIA has enough modern technology at its disposal to develop only about a quarter of its total raown oil reserves of 200 billion barrels, Mines and Energy Minister Dr Subroto said in Jakarta. He told minting students from the Randung Institute of Technology that the reserves should67 words
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Article61 1983-05-21 1 Reuter THE editor of Bulletin Today, the largest circulation daily newspaper in the Philippines, said he was forced to retire from his post after disagreements with the publisher over editorial policies. Ben Rodriguez, 59, said there was no way for him to conform with publisher Hans Menzi'sReuter - 61 words
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Article44 1983-05-21 1 AFP THAI Prime Minister Prem Tinsulanonda yesterday met an opposition walk-out shortly before he declared his new government's policy to Parliament. The walk-out, staged by the Thai National Party, emptied 106 seats in the 324-strong Parliament elected on April 18. AFPAFP - 44 words
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Article77 1983-05-21 1 Reuter THE wife of Soviet dissident Andrei Sakharov said both she and her husband are suffering from serious heart ailments and appealed to the West to put pressure on the Russian government to provide treatment. Talking to Western journalists outside her Moscow apartment, Yelena Bonner said theyReuter - 77 words
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Article43 1983-05-21 1 Reuter THE New York stock market declined broadly yesterday morning amid concern over interest-rate prospects. The Dow Jones average of 30 industrials dropped 4.35 points to 1,187.02 in the first half-hour of trading and losers led gainers 2 to 1.Reuter - 43 words
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506 1983-05-21 1 OUR soldiers will fight better if they believe they have the confidence and support of the country, said the First Deputy Prime Minister and Minister for Education, Dr Goh Keng Swee. He also said the Ministry of Defence's recent change in policy to506 words
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200 1983-05-21 1 FLORENCE CHONG - By FLORENCE CHONG A SINGAPORE syndicate is negotiating to buy a prime Sydney commercial site (or a multi-million dollar development. Lend Lease Corporation, the owner of the site in Clarence Street in the heart of Sydney, is considering an offer from the200 words
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Page 1 Advertisements
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Advertisement240 1983-05-21 1 TTra^Tfnrr CHINA'S intention to repay 450 million Special Drawing Rights to the International Monetary Fund ahead of schedule reflects a growing confidence in its money power and a healthy debt position Page 2 IN a stunning defeat for President Reagan, the Senate has given tentative approval to a 1964 budget240 words
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Advertisement79 1983-05-21 1 Treat yourself t0... Choice breakfasts, economical set lunches, sumptuous dinners, tantalising fresh cream cakes, chocolates, cookies and more. At Marie Chantale. A superb new coffee house where you can enjoy a varied sumptuous meal... and a cake shop where you can place orders for all occasions. Marie Chantale. Taste it79 words
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Advertisement202 1983-05-21 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) 1 REGAL' SINCE 1880 RENOWNED IN AMERICA, CANADA JAPAN Buy Genuine Regal Shoes from authorised dealers for your protection Authorised Deafer* AILY HANDBAGS SHOES #01-4. Bukrt Timah Plaza ANNIE SHOE STORE •02-311. The Plaza BRILLIANT SHOES202 words
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BANKING AND FINANCE
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438 1983-05-21 2 Reuter CHINA'S intention to repay 450 million Special Drawing Rights to the International Monetary Fund ahead of schedule reflects a growing confidence in its money power and a healthy debt position, "Western economists and hankers in Beijing said. An economist believed this was aReuter - 438 words
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296 1983-05-21 2 Reuter THE AUSTRALIAN government's $1.5 billion bond tender will create a degree of nervousness in the money market, the deputy chief general manager of Westpae Banking Corp, lan Matheson, said yesterday. Mr Matheson said the government's economic package on Thursday was "pretty responsible action,Reuter - 296 words
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236 1983-05-21 2 Reuter THE EUROPEAN Options Exchange (EOE) plans to introduce further options in European and other international currencies to complement the dollar/guilder contracts set up last November, its chairman, E Brouwer, said. He told the annual meeting on Thursday such new currency options wouldReuter - 236 words
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Article176 1983-05-21 2 Reuter OVERALL operating profits at Deutsche Bank AG rose by 19 per cent in the first quarter of this year, compared with one-fourth the level of the full year 1982, joint management board spokesman F Wilhelm Christians said. Speaking to the bank's annual meeting onReuter - 176 words
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Article59 1983-05-21 2 Reuter BANKAMERICA Corp purchased 790.000 shares of Seafirst Corp common stock on Thursday at U5513,375 a share. Bank America said the block share purchase confirmed its plan to complete promptly the company's $400 million acquisition of Seafirst. Bank America treasurer Robert Frick said: "Our intention is toReuter - 59 words
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369 1983-05-21 2 Reuter FORECASTS of a large rise in M-l money supply, for the week ended May U, have helped to create a negative psychology in credit markets, analysts said. Analysts surveyed by Reuters forecast M-l increases ranging from USJI billion to 15.4 billion, following theReuter - 369 words
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268 1983-05-21 2 Reuter THE BANK of England has advised a number of foreign banks to bring their volume of sterling acceptance business in line with their total UK lending, the vice-chair-man of the Foreign Banks Association, Jacques Rambosson, said on Thursday. Answering a query, Mr Rambosson,Reuter - 268 words
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148 1983-05-21 2 Reuter THE JAPANESE finance ministry may allow securities firms to issue loans on the security at national bonds within certain limits, starting next month, ministry officials said. The ministry is still trying to persuade banks to agree to its plan, but that will haveReuter - 148 words
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87 1983-05-21 2 Reuter FRITZ Leutwiler, president of the Bank for International Settlement* (BIS), said he does not exclude the poHifaflity that the BIS will grant bridging loam in future If it can be sure it will be repaid on time. He told a press conference on ThursdayReuter - 87 words
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MONEY AND EXCHANGES
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Article22 1983-05-21 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.09 per cent.22 words
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Article187 1983-05-21 2 ASIAN ASIAN currency deposit Interbank rates as at close on May 20: US Mhn<8Mt) Offer BW 7 days 91/16 615/16 1 month 8* 0 2 month* 9 3/16 9 1/16 3 months 9U 9* 6 months 9* 9ta 9 months 97/16 9 5/16 12 months 99/16 97/16 Dm 8w.Tr*. iyuM.187 words
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Article47 1983-05-21 2 RANGE of prices offer ed by di» count houan i on May 30: Overnight Call depot its: 3 3 Closing 1-month Baying Sslliag Treasury bills 2H 2H 3-month Bank bills 7* 7H 3 months CD 7V> 7* 6 months CD 75/16 73/16 Source: National Discount Co47 words
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Article49 1983-05-21 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 16 to May 20: Offered: 165,000,000 Applied for: 1158.850,000. Allotted: 165,000,000. Aeeepted Mds: 199.34 approximately 92 per cent; higher bids in full. Avenge rate «f dtoeeaat •a alletmeat: 2.645 per cent per annum.49 words
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Article59 1983-05-21 2 Opening quotes yesterday US 1.5552' 62 Can *****/80 Cross 1.2318/21 Dmk 3.8475 8520 D F1 4.3165/3210 S Ft 3 2130 65 B FY con 76 80 93 F Fr 11.5575 5740 Lit 2285.50 2288.56 Yen 363.78/364.33 D Kr 13 7240 7390 N Kr 11.0880/1010 S Kr 11.6665 6800 A59 words
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Article513 1983-05-21 2 THE US dollar eased after opening firm against major currencies on the foreign exchange market yesterday. Trading was quiet and thin. The US dollar opened against the local unit at 2.0920/30, slightly firmer from Thursday's close of 2.0906/15. It was traded down to close at 2.0885/96. ImwmS ratal513 words
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Article188 1983-05-21 2 THE US dollar yesterday softened against other major currencies following the US Senate's approval of a 1984 budget plan calling for higher taxes. Rates started to ease in midday and the trend continued in Europe. The US unit fell to 2.4725/35 marks from an early 2.4780/87 in moderately active188 words
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Article276 1983-05-21 2 GOLD FUTURES in Singapore yesterday closed slightly lower on some liquidation in quiet trading. Total sales for the day, including kerbs, was 749 lots. Prompt closed slightly lower at U*****.40/ 440.00 an ounce compared with $440.50/442.00 on Thursday, June at $440.00/440.70 against $442.00/443.00 and August at $447.50/447.70 compared with276 words
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Article41 1983-05-21 2 Than Prt New York 13 17B L3.37B 13 24S 13.44S Zurich 13 CB 13.55B 13 55S 13.6&S Prt Than Singapore 13 206 13.37B 13.30S 13 47S Closing prices in US dollars a troy ouno e. Source: Credit Suisse, S'pore41 words
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Article114 1983-05-21 2 THE dollar yesterday lost ground in afternoon activity to close at 233.85 compared with the day's high of 234.60. It was responding to news the US Senate approved the 1964 budget plan calling for higher taxes and a smaller budget deficit, dealers said. It also declined sharply to 2.4720114 words
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Page 2 Advertisements
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Advertisement276 1983-05-21 2 ALEXANDER HAMILTON INSTITUTE (USA) proudly announces another Top Soiling Management Manual h •> mm U- CONTENTS What is negotiation? The process of bargaining and problem-solving How to plan your negotiations Critical oral negotiation behaviours The tricks of the trade Methods to counteract negotiating tactics A key negotiating resource-personal style Assessing276 words
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TRADE AND INDUSTRY
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253 1983-05-21 3 THE government should be flexible and allow developers to undertake mixed residential development combining condominiums and conventional housing on the same plot of land. This should apply when the site is large enough to accommodate both types of housing. Conventional housing includes bungalows, semi-detached253 words
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226 1983-05-21 3 PROFESSOR Lim Chong Yah, president of the Economic Society of Singapore, will lead a six-member delegation to Manila to attend a joint economic conference, starting on Monday. The five-day meeting the Joint Conference of the Federation of Asean Economic Associations (FAEA) and the226 words
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Article826 1983-05-21 3 BEMINABB AND COURSES May 23-24: Effective Use of Microcomputers for Word Processing, The Arcade, I/ ACT Pte Ltd May 23-25: Research Management for Food Industries Symposium, RELC, International Development Research Centre May 23-26: Effective Use of Wordstar for Word Processing, The Arcade, I/ACT Pte Ltd May 24-26: Meeting826 words
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313 1983-05-21 3 THE question of courtesy in the civil service has again been raised, this time by Mr Teo Chong Tee, parliamentary secretary (environment and social affairs) and MP for Changi. Mr Teo, speaking on "MP's expectations of civil servants", said that while civil313 words
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Article, Illustration206 1983-05-21 3 LOH Chaaa Seng has joined ICI (Singapore) Pte Ltd as accountant. Mr Loh was a management service officer at the Port of Singapore Authority's finance deparment from July 1978 to March 1962, and was an accountant at MPH Bookstores (S) Pte Ltd from April 1982 before joining206 words
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440 1983-05-21 3 LOH HUI YIN - BY LOH HUI YIN A COMPREHENSIVE plan, drawn up by a government-backed committee to promote industrialisation of the construction industry, is being finalised. Mr Lee Yock Suan, Minister of State (National Development), said details of the plan will be worked out by his ministry in440 words
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Page 3 Advertisements
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Advertisement269 1983-05-21 3 THAI S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and take your choice to ftiris, 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 capitals269 words
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OVERSEAS
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578 1983-05-21 4 AP THE Republican-controlled Senate, in a stunning defeat for President Reagan, has given tentative approval to a 1964 budget that relies on tax increases of US$9.9 billion next year and more than $74 billion over three years to reduce swollen federal deficits. It wasAP - 578 words
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322 1983-05-21 4 NYT AN AMERICAN coffee importer who borrowed nearly US$l2O million from two dozen US and foreign banks in the past six months has filed for personal and corporate bankruptcy. The bankruptcy filings were triggered by recent suits in which some of the banksNYT - 322 words
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149 1983-05-21 4 Reuter AUSTRALIA'S Labour government will allow private enterprise a 49 per cent share of the domestic satellite system. Treasurer Paul Keating said. Private enterprise is being offered the same level of ownership as by the previous government, Mr Keating told Parliament in announcingReuter - 149 words
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366 1983-05-21 4 UPI PRESIDENT Reagan has said a summit is likely between himself and Soviet leader Yuri Andropov next year, but efforts to make contact with Cuba's Fidel Castro have amounted to nothing. In an interview, Mr Reagan said the Soviet Union andUPI - 366 words
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407 1983-05-21 4 Agencies THE Pentagon has issued its most pessimistic report on the likely survival rate of US missiles in any surprise attack by the Soviet Union. The report, based on intelligence assessments of increasing Soviet missile accuracy, estimated that by 1989, only one to 8 perAgencies - 407 words
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237 1983-05-21 4 UPI JOHN De Lorean once offered to invest US$2 million in Asian heroin and Colombian cocaine and said it was a tragedy the deal fell through, documents in his case on cocaine charges said. Assistant US Attorney James Walsh claimed in documentsUPI - 237 words
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170 1983-05-21 4 Reuter AFTER a festival marked by controversy, the jury at Cannes bypassed the favourites on Thursday to award the Golden Palm top prize to Japanese director Shohei Imamura for The Ballad of Narayama. Several films acclaimed by the critics were passed over. The mostReuter - 170 words
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179 1983-05-21 4 AP MEASL£S could be wiped out as a public health problem in developing countries if infants were immunised with an inhaled aerosol rather than an injection, US doctors say. "Measles remains a serious, uncontrolled public health problem in many parts of the world, especially inAP - 179 words
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251 1983-05-21 4 UPI AMERICAN Secretory of State George Shafts told a Congressional sab-commlt-tee that US finaaclai aid to the Third World is a primary weapon against the Soviet Uaiaa aad Its allies, "which feed oa political Instability like virases oa a host." He was defeadlagUPI - 251 words
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290 1983-05-21 4 AP Reuter THE entire European steel industry must be modernised and restructured if it is to increase its competitiveness, the European Parliament told the Common Market executive body in a resolution. The resolution, which passed 131-10, also called for an increase in aid toAP; Reuter - 290 words
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168 1983-05-21 4 AFP A SPECIAL task force has been set up to administer the supply of Indonesian workers to foreign countries, particularly those in the Middle East. Admiral Sudomo, the Minister at Manpower, told a meeting of manpower recruiting bodies in Jakarta that his ministry hasAFP - 168 words
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Article778 1983-05-21 4 ARRIVALS Service Local Operator Number Time From SLA SQ11 0010 LAXTKO PAA PA5 0015 JFK/SFOHKG FT FT71 0040 JFK ORD ANC NRT/TPE/KUL CAL CI331 ***** TPE MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS778 words
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506 1983-05-21 5 NYT MORE than SC37 million in Impressionist anc Modem art were sold at an auction at Sotheby Parke Bernet in New York on Wednesday night. The total set a world record for art auctions. The sale included 16 paintings from the collection of HONYT - 506 words
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Article1054 1983-05-21 5 VttMl KEPPEL WHARVES Count Kota Murnl Jumpa Straits Pride Jenson IV Ocean Resources Faethon Manoloeverett Ned Bangkok Taufau Changde Gulf Osprey J Chelmonski Kota Makmur Niaga XXVII Seng Hong S Ambassador Siena Straits Hope Yayasan Satu PASIR PANJANQ Durlan Queen Rab Hong Woon Indra Jaya Kobe Five1,054 words
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570 1983-05-21 5 FT CONFIDENCE about the prospects for continued economic recovery in both the US and West Germany has been expressed by the heads of the two countries' central banks. Mr Paul Volcker, chairman of the US Federal Reserve Board, told the International Monetary Conference in BrusselsFT - 570 words
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192 1983-05-21 5 AFP FRANCE'S foreign trade deficit last month was 1.5 billion francs in seasonallycorrected terms the lowest since August 1981, Prime Minister Pierre Mauroy told the French Senate on Thursday. But the Bank of France said in its monthly report that French industrial output dropped inAFP - 192 words
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425 1983-05-21 5 UPI AMERICAN corporate profits dropped 4.6 per cent from January through March after taxes. The US government, in a report released in Washington on Thursday, also cut the first quarter's gain in gross national product to 2.5 per cent from 3.1 perUPI - 425 words
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191 1983-05-21 5 Reuter UK FIRST quarter gross domestic product rose 0.8 per cent, based on a preliminary estimate of output, after a 0.5 per cent fourth quarter gain. The GDP output index in the first quarter was estimated at 107.2, base 1975, 1.9 per cent aboveReuter - 191 words
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WORLD IN BRIEF
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Article353 1983-05-21 5 Agencies AMERICAN Commerce Secretary Malcolm Baldrige is expected to concentrate on the sensitive problem of exports of high technology equipment during his fiveday visit to China which begins today, diplomats in Beijing said. They said Mr Baldrige will discuss with Chinese officials requests for highpowered computers andAgencies - 353 words
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283 1983-05-21 5 Reuter US FEDERAL attorneys have filed criminal charges against a former Washington lobbyist who gave a friend advance information about the 1981 takeover of Santa Fe International Corp by Kuwait Petroleum Corp. John Nugent, who worked for a Washington firm representing Santa Fe atReuter - 283 words
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Article73 1983-05-21 5 AFP THE use of icebergs to supplement the water supplies of Australian cities in times of severe drought is becoming commercially feasible, an expert told the Australian and New Zealand Association for the Advancement of Science in Perth on Thursday. Professor Bill Budd, of the meteorology departmentAFP - 73 words
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418 1983-05-21 5 NYT PRIME Minister Yasuhiro Nakasone of Japan, warning of a grim world economic situation, has made clear he would seek a more active role than his predecessors at the Williamsburg summit later this month. At the same time, he said itNYT - 418 words
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258 1983-05-21 5 AP Reuter AMERICAN Secretary of State George Shultz told Congressmen tbat other Arab countries want Syria to withdraw its troops from Lebanon. He said: "At a press conference at the airport before we left, Prince Sa'ud alFaisal, Saudi Arabia's Foreign Minister, prettyAP; Reuter - 258 words
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Page 4 Advertisements
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Advertisement350 1983-05-21 4 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) 5,000 m 800 m (FOR MEN ONLY) 4 x 100 m 4 x 400 m Triple Jump (FOR MEN ONLY) Long Jump ■J" High Jump350 words
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Advertisement22 1983-05-21 4 Pan Am lb Hongkong Daily At 7.20 am The First Flight Out The First Flight In. Pan Am.You Can't Beat the Experience.22 words
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Page 5 Advertisements
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Advertisement258 1983-05-21 5 \U ,\0 ,-J 1 J Snln mm Profiles and Reminiscences of Men Who Have Shaped the Modern World urns 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 were258 words
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Article496 1983-05-21 6 JACK BENNY, the comedian who made himself famous by being absolutely stingy, once paid $5,000 for an elephant's foot. It happened like this: Jack was sitting right in the front row at an Miction and negotiating with a famous performer to appear as a special guest496 words
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Article1465 1983-05-21 6 MARILYN MOORE - Business booms at video clubs peddling hard-core sex films in Miami. At the same time, officials try to prevent residents from viewing sexy shows at home by raiding stores that sell adult video-cassettes. Is Miami a two-faced place? MARILYN MOORE finds out in the second ofNYT - 1,465 words
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Article, Illustration744 1983-05-21 6 GREGORY JENSEN - By GREGORY JENSEN UPI LIVERPOOL produced the Beatles in 1962 and since then everything has gone downhill. Now all fingers are crossed that 1984 will change all that. "It is going to be one terrific year," said county official Ron Jones. ThenUPI - 744 words
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Page 6 Advertisements
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Advertisement160 1983-05-21 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space tor you You'll be reaching a very select group of160 words
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Page 6 Miscellaneous
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Miscellaneous833 1983-05-21 6 SINGAPORE 5 12 50 PM Op win Wowod by Snn Street: Famiansation with the letters "W" and "Y" and the number "5". 1.50 Satirtay Matinee Palm Springs Weekend 3.30 Roed to Wembley (Review) 6.15 News (English) 6-25 On We Go: New words introduced this week are, "asked" and "stopped". 6.40833 words
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Article, Illustration1757 1983-05-21 7 CLYDE HABERMAN - Bangkok, the Venice of the East, has fallen victim to its own tremendous growth where development is lagging behind the explosive population growth of the last two or three decades. CLYDE HABERMAN reports. CLYDE HABERMAN NYTNYT - 1,757 words
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Article, Illustration736 1983-05-21 7 JEFFREY ULBRICH - By JEFFREY ULBRICH AP THERE are only 15 of them. Few outsiders know who they are. Yet the decisions they make are among the most anxiously awaited and widely read in the country. They are the judges of France's supreme court of cuisine the Michelin Guide.AP - 736 words
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Article336 1983-05-21 7 A CURRY puff seller who calls at the Business Times office every evening recently learnt some useful lessons about product innovation and marketing. After months of selling the same type of curry puffs (the orange-coloured, triangular type normally found at sarabat stalls) his customers got tired336 words
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802 1983-05-21 7 DAVID YOUNG - EXPATRIATE INVESTMENT By DAVID YOUNG WHAT is an expatriate? To some people he may be an unwelcome interloper who brings disruption and an alien culture into a wellordered local society; to others he may be as essential as the machinery on the factory floor.802 words
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Page 7 Advertisements
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Advertisement79 1983-05-21 7 Examine the world's infantry weapons in unmatched details JANE'S Infantry Weapons 1982-83 1 «c r > 1 Contents include: Point target weapons Area weapons Anti-aircraft and anti-tank weapons Ammunition Sighting and surveillance systems Training aids and simulators Body armour Includes 2200 photographs and line drawings, PLUS each weapon's function, performance,79 words
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Page 7 Miscellaneous
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Miscellaneous758 1983-05-21 7 -H-OIE CBOSSWOBD I CRYPTIC PUZZLE ACROSS 9 The chest is the place for it, darling (8) 10 Past S for "snifter!" (3) 11 What you'll And in Norfolk, or overseas (6) 12 Woman who claims to be a murder victim (6) 13 Did dad dupe him? (7) 14 The sailors758 words
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Page 8 Advertisements
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Advertisement870 1983-05-21 8 Where to wine, dine and entertain Bly with the American Express Card b H y° u don't already have the Card, call *****33 for an application form" V? llinkm JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open duih' 12 noon ,'i p m h HO />870 words
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Advertisement206 1983-05-21 8 m m r r mm. Uf our 3 talented bands entertain you with sensational music while you sip over a cool drink. 20% discount on aU drinks during happy hours (spm 7pm daily) Business hours: 11.00 am to I.ooam on weekdays, up to 2.00 am 9 t C. tftnv, •I206 words
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RAW MATERIALS
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Article179 1983-05-21 9 CHINESE PrWiee Exckuft, Siagapare, mm elasiag prices per 1M kg yesterday. I Cmwil «II: Bulk fob $112.00 sellers, old drum (in second hand drum) fob $125 00 sellers, new drum fob 1129.00 sellers. C Capra: Mixed (loose) $64 v buyers. Pepper: Muntok white pep- per fob Asta NLW179 words
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Article145 1983-05-21 9 -YARN and cotton prices "were quoted as follows in Hongkong yesterday. I (In HK dollars, spot ex-go-down) 1 CattM yam: China Blue Phoenix 20s 2,500 32s 3,230, 40s .3,300 (per bale of 400 lbs). I Pakistan raw cattoa: LSS «.14, 4F 6.11, 289F 6.17; NT roller ginned 6.13 (per145 words
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Article323 1983-05-21 9 .SINGAPORE: Yesterday's closing prices in SJ per kilo, >x-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. I THAI BROKEN: A-super 0.62, Special 0.58.323 words
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Article323 1983-05-21 9 RAS prices In centi per kilo yesterday: Noon Close (1 Buyers Int. 1 R.S.S prompt (.o.b. 217.00 Int. 1 R.S.S. June 219.25 Int. 1 R.S.S. July 223.50 Int. 2 R.S.S. 209.50 UK/Coat 208.50 Int. 3 R.S.S. 206 50 UK/Coot 204.50 Int. 4 R.S.S 195 50 UK/Coot. 194.50 Int.323 words
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Article120 1983-05-21 9 NOON SSI and SMR prices yaa*a>dajr ■AS Jim (Camil Bvrert S< t) moo D 198.00 Jue Mtk) For« J ."rt Buyers S« 254.00 100.00 J«iy Mtk) SSR20 SSR SO MRELB (I toe pallet (1 too pall* •lie re 206 00N 201 00N >Uer« 206.00N 202.00N SMRCV SMR120 words
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INTERNATIONAL STOCKS
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Article949 1983-05-21 9 NEW YORK WEAKNESS in the bond market and nervousness about interest rates forced stock prices on Thursday to close lower for the second day in a row. The Dow Jones Industrial Average declined about 12.19 points to 1191.37, the index's lowest level of the day. The D»J949 words
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Article84 1983-05-21 9 ■AT 1» 4» no M4M -4 uov MUM lantot tar 140J0 SO JO ■U -u 13ft 10 T7M MJO -04 unch -14 ZZZ MOO -14 Ma M70 -J.1 -1 -1 Bofmcvr •oafcm 1MM MM Burwt Qfetend HJM MOOxd -14 -14 §»U M U TOM TIM TOM I Oil -184 words
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Article122 1983-05-21 9 CO BACILLI Att-LMtttta 41* .1 BIN Oarra* CUT (Tboauoo4M Mnta 1M >44 CMtt roodK D» rtaoM u mwmud (B) TB -M Onlw W NWM IM -1 mSa (H« Ota JtrnA) m -MM WHIIMI B A Ill -1 5as.°~* n. -a GROUP A M t I.. > *i rth—HJril QBOUP122 words
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Article62 1983-05-21 9 AMC MM •M im MR 10 1 +B -1 Braaemn Causae Cock LM in 1M uneh D* Bam m ♦I IwWM ZZ -IM +M Oa» Or Bra Lamb torn 1MB -M ■4 > 9 l M uneh •M Softaa 7! A V Ibol r«c ~M 10 -aa CASH MAKKBT62 words
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Article155 1983-05-21 9 MAT 1 Uad INDUSTRIALS A Alpha M AX Aod CI jar* m MM M DiImi lad _HZZ ■neb UK sr uact HtaM Ub HoMa w ♦a IT* m U And R ancb IjMrtkj m m ■Dd) X?*** Ok am m 7a JPO^t am im T5T Pm Mil >■1' Prop*155 words
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Article149 1983-05-21 9 MAT it C» Abtttttf +H 1 1 ~PW—— a 31 0H it* M StH Out Prm lie Cfennar 46* M I*- 1' S« -H [•"I B* -H Omilnto M* Omh Uirbaoor riukM MB DM MOM DOB TB 77» Doom Mlaaa M» Met Nlek gwy» cop 10H H 3BH Ot149 words
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Article163 1983-05-21 9 Brawn BowSbt. MO ma unci Clba (MO Br. 1M -M Cite (Mo P C un -M Clba CMo Ik ci»dlt sSat8r 63 mm •M Cradtt Ma Itaf n Ktektrawtu Br. M uncf O*or»i nadtar Br m 15 Olobui Pt H«ro Br. JIM unet Hoffman u Rocha l/M MOO -M163 words
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Article71 1983-05-21 9 MAT It IJrm J-** sun 41.1 ■CI OnKlk on owl A com ha, R W +M m -u KrVUni* rm om in i* hb. 00 in u IK I i r 2J 3C »so IOJ ISO fin MU»no Am Ort las *m OtHattl Ort PM11 An4 C PtraUl Spa71 words
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Article298 1983-05-21 9 RUBBER prices in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 218.00 cents a kilo, down one cent from Thursday's close. Morning prices were marked down slightly on lack of buying support after a marginally higher opening, dealers said. Afternoon prices lost further ground on298 words
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Article32 1983-05-21 9 Rubber: May 20 Singapore: June: 218.00 cents (down one cent) Malaysia: June: 237.00 cents (down 3.00 cents) Tin: M 530.76 per kilo (up one cent) 89 tonnes (down 13 tonnes)32 words
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Article59 1983-05-21 9 THE STRAITS TIN price In Penang yesterday rose one cent to M539.7f a kilo, still within the ITA lower range of $29.15 and $32.11, dealers said. They said the lower offerings of ore of 89 tonnes against 192 on Thursday were taken ap by the buffer stock manager,59 words
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182 1983-05-21 9 Reuter COCOA prices have soared to their highest levels for more than three years on the London futures market. Already-buoyant prices were pushed higher on Thursday on reports that demonstrations by students and workers against a recent severe budget were posing the most seriousReuter - 182 words
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Article78 1983-05-21 9 SOYBEAN futures in Chicago on Thursday finished 614 to 2Vi US-cents a bushel lower in moderately active trade. July traded in a 7V 4 cent range. Soymeal and soyoil closed lower with soybeans in light trade. Soymeal ended $0.90 to $1.80 a tonne lower. Soyoil fell 0.16 to 0.1078 words
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Article47 1983-05-21 9 WHEAT futures in Chicago on Thursday closed 2'A to 1 US-cents a bushel lower in moderately active trade. July traded in a 4Vi cent range. Corn futures ended unchanged to two cents a bushel lower in moderately active trade. July traded in a three cent range.47 words
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366 1983-05-21 9 AP CHINESE scientists have developed a prow that could eventually double production of synthetic rubber. They have also reported the development of new techniques for breeding rubber trees at an eight-day natural rubber symposium which ended in Beijing on Thursday. The official Xinhua newsAP - 366 words
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270 1983-05-21 9 Reuter THE severe drought in South Africa may prevent the country from fulfilling its International Sugar Agreement (ISA) export quota. Industry officials in Durban »>»H that although it is too early to provide definite crop forecasts, they confirmed that the cropReuter - 270 words
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Article261 1983-05-21 9 THE market ruled easier in quiet trading as current One RSS retraced nine cents. Other positions were less affected, while turnover was much reduced, says Hsll* day, Catler aai Balk in its rubber review for the week ended May 19. Last week's sudden demand261 words
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Article1063 1983-05-21 9 COFFEE: Robusta coffee futures were mixed at midday yesterday, between £9 a tonne above and £5 below Thursday's close in traded positions. Prices eased from midmorning highs on some light profit-taking but sentiment remained steady, particularly in nearbys. Trading was mainly technical, with charts and May's large uncovered1,063 words
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Article151 1983-05-21 9 THE Malaysian crude palm oil market yesterday closed easier on short selling despite India and Pakistan's buying 33,000 and 22,000 tonnes of Malaysian processed palm oil respectively, dealers said. In May, central fell MsB to $850 a tonne while south and north lost $2.50 each at $860 and151 words
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Page 9 Advertisements
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Advertisement22 1983-05-21 9 The Penguin Dictionary of Modern Quotations a wonderful book to read n the 100, in a traffic jam. before you fall asleep.22 words
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3200 1983-05-21 10 BID aad offer prices officially listed Md buatws In and reported to the iSaqgt Exchange oI Slap pore yea"teraly wtth the number of diares traded (boom la brackets In Ms of 1,000 units unieas otherwise specified. All Times Settlement Contracts are quoted3,200 words
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Article195 1983-05-21 10 8DNJAFOU uwrr TRUST D4AMOND MOT 8TOU The Commerce far May 3 41 3 62xd (Managers' prima tar May tlMI) tnnl U... The Savings Fund 2.01 2-13 Diamond S pore Prog Fund 1.53 1.S2 Spore Fd(US») 0.56 0 59 134 S pore Sec. Fund 2.33 2 47 St 1.14195 words
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Article3371 1983-05-21 10 IMS Hick Low CMHV Last Sale orGr's Dto DW Ctt Gr's YTd Net P/E Vol fOOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL m 318 m 308 380 119 272 245 388 945 520 536 MOO 1 536 386 .*****6 290 960 680 '275 380 380 1383,371 words
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Article2209 1983-05-21 10 BID and offer prim officially Hated' and hurtiwai in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number at chare* traded Amn In brackets In Vats of 1,000 units unless otherwise specified INDUSTRIALS test cd A|MMh »»11 Alow (3 428 3.445) (4) 348 (30)2,209 words
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Article787 1983-05-21 10 SENTIMENT on the local stock market tnraed better yesterday after fear ceasecatlve days of deeliae daring the week. Dealers attrtbated the improved meed ta a repart that the laeal eeaaamy grew 5.1 per eeat dariag the first q Barter of this year. The Bastaesa Times Composite ladex787 words
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Article632 1983-05-21 10 SHARE prices recovered some ground in the afternoon session to finish mixed on the Kuala Lumpur stock market yesterday. Overall, sentiment was poor with local investors' confidence somewhat affected by the uncertain outlook on the New York market. Some dabblers who had closely followed developments632 words
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COMPANY NEWS
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Article, Illustration1531 1983-05-21 11 STEVEN TAN - By STEVEN TAN UNIVERSAL Cable Bhd's <UCB) recently-proposed acquisition of Taman Connaught has once again thrust onto the corporate forefront the traditionally low-profiled property tycoon Datuk Wong Kee Tat. Just before this, he had participated in a joint bid for1,531 words
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Article1449 1983-05-21 11 MCDONALD'S Corp expects to maintain high growth by opening 500 new restaurants a year in the next six years, with one-third in international markets, chairman and chief executive officer Fred Turner said. He told the annual meeting the company has 7,400 restaurants in 31 countries worldwide and is1,449 words
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Article322 1983-05-21 11 Reuter TOSHIBA Carp will aaneaaee a lawer c—aeUdatcd net praflt far the 1882 fiaaadal year ended March SI, •wing ta slagglsh performance In demeatie markets, share analysts forecast. Far the year ended March 1182, It aaaeaneed a eeaaelldated aet praflt af 44.31 Hilton yea, anReuter - 322 words
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Article1048 1983-05-21 11 FT KEEN competition is building up among Malaysian banks as they realign themselves under influential corporate and political groups. At the same time, however, they are likely to move more cautiously in overseas expansion following the difficulties Bank Bumiputra, the country's largest, ran into overFT - 1,048 words
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ASIAN STOCKS
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Article379 1983-05-21 11 THE federal mini-budget 9 and the much larger-than-expected Ail .5 billion Com- moo wealth bond tender announced on Thursday night had little impact on Australian share markets y ester j day. Share prices closed generally steady in moderately active trading. N«V the close the All index was at i379 words
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Article382 1983-05-21 11 HONGKONG THE stock market yesterday ended higher on increased volume towards the close, with the Hang Seng index rising 13.83 to 942.05. The market derived support from a strengthening in the Hongkong dollar which rose to a midday high of 6.9900/50 to the US dollar from an382 words
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Article351 1983-05-21 11 SHARE prices yesterday continued to decline, ending at the day's lows and reflecting the decline on Wall Street. The market average fell a provisional 22.95 to 8,561.45 on volume of 320 million shares. The Tokyo Stock Exchange index closed at 631.73, down 0.30. EHectricals, steels, construction351 words
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Article85 1983-05-21 11 MAT W ACQ}* mmni Anglo Phil Apn Mtnlnf B AUm Owl f Bacuio OoM PMH 0JI4 rim MB unci -01 Buk PHIOUiiiii Bmniit Cm B CDCT rim Fhu HMgi Lipuio m. MartnOoqu* OA M» M TH 0I4M Lit and) -1 unch unch Ml ♦U OrWnlai B PtUl QUI— Phlln85 words
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Article93 1983-05-21 11 STOCK prices again closed mixed yesterday in moderate trading at the Securities Exchange of Thailand. MAT m BUJtt AoUtn Thai M *10 r— 1M Mpt -i uneh But Sboa m l "'■"in nrst TnMt MJ» »JJ OoedUM i ndiirtrtal Pina Ot Oorp JikfrklMB Om B m Z m -193 words
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Chief Price Changes
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Article150 1983-05-21 12 Rises Indices U M Flour Riverview Dunlop Est Johan HM(i A Johan Hldgs M B F Hldgs Jacks 1st New Serendah lot Wood Nit Iron Eiio K L Industrie* Grand Central 570 405 790 800 805 965 710 300 310 710 900 685 545 98 65 50 50 45150 words
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Article, Illustration156 1983-05-21 12 Rises Indices Jacks Int'l 795 55 May 19 May 20 U M Flour 610 50 MBT Index: *****98 *****02 Johan 'A' 645 50 NST Industrials: 1291.82 *****2 Johan Hldgs 660 50 NST Finance: 2294.18 2360.95 Dun] op Est 865 50 NST Hotels: 656.16 656.41 SgBagan 700 40 NST156 words
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Article50 1983-05-21 12 H.K.HANG SENG Thursday 607.3 Week Ago «IO Friday 942.05 FINANCIAL TIMES Thursday 028.22 Week Ago 949.56 INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 698.4 Wednesday 689.8 Week Ago 668.6 Friday 753.9 Thursday 753.8 Week Ago 764.5 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIE8 Thursday 1191.37 Wednesday 1203.56 Friday 006.0 Week Ago 1214.4050 words
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Article800 1983-05-21 12 STOCK prices yesterday eased at the end of the account as some UK opinion polls showed election support for the ruling Conservative Party slipping from recent levels and Wall Street opened lower, dealers said. At 3pm, the Financial Times index was down 6.1 points at 692.3. Courtaulds's £68.6800 words
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234 1983-05-21 12 TAT LEE Bank, the only listed bank which has yet to announce its 1982 results, is expected to do so today. The nearly two months' delay in releasing its results (1981 results were announced on March 27 last year) is apparently due to the234 words
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Article46 1983-05-21 12 DUTCH Baby Milk bdutries (Malaya) Bkd has reported a pre-tax profit of M$4.57 million ($700,946 previously) on sales of $112.77 million ($109.52 million) for the year ended Dec 31.1982. Directors have recommended a final dividend of 10 per cent tax free payable on July 12.46 words
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437 1983-05-21 12 NAJEEB JARHOM - ■IB Companies Editor: llano Sabnani By NAJEEB JARHOM BOTH Pan-Electric Industries (Pan-El) and Ambassador Hotel have confirmed an earlier Business Times report that they are jointly negotiating to take over Orchard Hotel. In separate announcements yesterday, the two companies, who have a common director437 words
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354 1983-05-21 12 HWA Hong Manufacturing is back in the black, but only at the pre-tax level as a hefty tax charge produced a group loss of 1486,644 in 1982. Yesterday, the edible oils manufacturer, which recently acquired Singapore Piling and Civil Engineering for354 words
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312 1983-05-21 12 CHIN Teck Plantations Bhd, which recently announced a generous four-for-one bonus issue, has reported a pre-tax loss of M 5833,347 on sales of $4.26 million for the six months ended February 28, 1963. In the previous corresponding period, it made a pre-tax profit of312 words
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Article497 1983-05-21 12 SOUTH-East Asia Development Corporation Bkd, in reply to a query from the KLSE on the sharp increase in its share price, has said that it is not aware of any reason for the increase and that there are no matters of importance pending announcement. MR Mohd Ramli bin497 words
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Article165 1983-05-21 12 KINTA Kellas Tin Dredging PLC has reported a 37 per cent fall in pre-tax profit to M 5906,593 ft»- the year ended March 31, 1983. Tin ore output during the period fell 15.6 per cent to 389.2 tonnes. After a higher tax charge of 42165 words
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255 1983-05-21 12 DUNLOP Estates Bhd, which is to became the plantation arm of MultiPurpose Holdings Bhd, has proposed a two-for-one bonus issue. It said yesterday that the number of new shares to be ismed for several acquisitions will be adjusted accordingly to take into account the255 words
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224 1983-05-21 12 Reuter THE board of Marsworth Ltd has approved the acquisition of the whole of the issued share capitals of Dao Heng Bank Ltd Hong Leong Enterprises Ltd, Jardine Fleming and Co Ltd said in an announcement in Hongkong. It approved the sub-divi-sion ofReuter - 224 words
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Page 12 Advertisements
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Advertisement456 1983-05-21 12 The >ne Minute "I'm a little embarrassed I haven't been using this all along,'* said the Chairman of the Board of the Fortune 500 company. "It's the most concise and simplest condensation about how to be a supervisor I have ever seen," claimed the Chief of Police of Walnut Creek,456 words
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Page 12 Miscellaneous
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Miscellaneous61 1983-05-21 12 OUTLOOK for today: Partly cloudy; showers in several areas between mid-morn-ing and mid-afternoon. Re part tor 24 (Mors prior to 7.3* pm on May 29 at the airport: Maximum temperature 33.4 Associated humidity 60 Minimum temperature 26.2 Associated humidity 96 Hours of sunshine 8.60 Rainfall in millimetres Nil Total rainfall61 words
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