The Business Times, 28 May 1983
1983-05-28
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The Business Times
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Title Section11 1983-05-28 1 BUSINESS TIMES M.C.(P) No. 67/1/83 BATUEDAY, MAY 28, INS 60 CENTS11 words
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474 1983-05-28 1 LIM SOON NEO - *y LIM SOON NEO CHUAN Seng Poly-bagi Industry Pte Ltd, a locaJ plastic bag manufacturer, has increased its productivity and doubled its output with an investment of $7 million. Part of the money has been invested in a plastic extrusion which enables474 words
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163 1983-05-28 1 NYT MORE than one-and-a-half million people caw Lucasfilm's Return of the Jedi on Wednesday in the US, as the third film in George Lucas's Star Wars trilogy apparently set box-office records across the country. The U556.22 million that Return of the Jedi earned onNYT - 163 words
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1141 1983-05-28 1 MANO SABNANI - By MANO SABNANI, I, Companies Editor THE 46th annual general meeting of the Oversea-Chinese Ranking Corporation, to be held today, is likely to be a quiet affair. The "showdown" between the two doyens of the local banking sector, Tan Sri Khoo Teck Puat and1,141 words
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490 1983-05-28 1 Reuter AMERICAN Secretary of State George Shultz has called for a new interna* tionai effort \4 liberalise trade that would help pull Third World countries out of their economic plight. In a speech billed by his aides as setting out the Reagan Administration'sReuter - 490 words
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324 1983-05-28 1 Reuter THE HONGKONG dollar is expected to remain weak in the near future because of adverse domestic and external economic fundamentals, China's Economic Daily said yesterday in its first analysis of the currency. The paper made no mention of fearsReuter - 324 words
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BRIEFLY...
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Article65 1983-05-28 1 UPI LECH Walesa, former leader of the underground Polish Solidarity Free Trade Union, said he wants trade unionists to form a united front to seek fresh talks with Polish authorities. The 39-year-old labour leader, who has returned to his job at Lenin Shipyard in Gdansk, spoke toUPI - 65 words
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Article56 1983-05-28 1 NAZI artifact dealer Konrad Kujau admitted forging the Hitler diaries sold to Stern magazine, a spokesman for the Hamburg Prosecutors Office said. "Kujau has delivered a confession to state prosecutors in which he admitted he not only knew that the books were forgeries but that he himself56 words
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Article51 1983-05-28 1 Reuter THE cut in the Opec oil price, and the subsequent devaluation of the rupiah will cost Indonesia US$l.B2 billion in lost oil taxes in 198 m Minister of Mines and Energy Subroto told a parliamentary committee that 1963-84 oil corporate tax receipts will reach only $10.56 billion.Reuter - 51 words
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Article44 1983-05-28 1 ICELAND devalued its currency yesterday for the fourth time in just over a year. The central bank said the crown had been devalued by an average of 14.6 per cent against a basket of currencies most important to the country's fish-dominated trade.44 words
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Article56 1983-05-28 1 Reuter A GENERAL strike by about 15 million employees halted industry and public transport in Italy for four hours yesterday. The stoppage was called by the three major trade union groupings, including communist and Catholic organisations, as a protest against delays in contract negotiations affecting the metal,Reuter - 56 words
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Article55 1983-05-28 1 POLICE in Britain have stepped up security for political leaders because of fears of assassinations by Irish Republican Army guerillas during the election campaign. Scotland Yard said extra personal protection is being mounted for Prime Minister Thatcher, Labour leader Michael Foot, and for Roy Jenkins and David Steel55 words
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Article74 1983-05-28 1 UPI ITALIAN Prime Minister Fanfani says the Williamsburg economic summit will be a success only if the United States agrees to lower interest rates. If the summit is going to be a success, he said, the seven nations attending the meeting must either "make general conditions on theUPI - 74 words
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Article36 1983-05-28 1 AFTER two years of negotiations, Japanese aviation authorities have agreed to allow Thai Airways International to increase the number of its flights via Tokyo to the United States from three to four a week.36 words
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Article63 1983-05-28 1 Reuter STOCK prices edged lower in early trading yesterday as investors moved away from the market ahead of the money supply figures, to be released after the close. The Dow Jones Industrial Average was off about half a point, declines led advances by six to five andReuter - 63 words
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241 1983-05-28 1 THE region's oil and gas production, oil refining and chemical industries are expected to spend more than $200 million this year on maintenance and repairs. The managing director of the Petrotech Group, Mr Ted F Gloor, said a significant maintenance and241 words
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493 1983-05-28 1 THE Singapore Armed Forces Reservists' Association must embark on a national education programme and supplement the Ministry of Defence's efforts to educate reservists, their friends and their relatives on the importance of defence and security. Defence Minister Goh Chok Tong emphasised that493 words
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Page 1 Advertisements
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Advertisement247 1983-05-28 1 %~]>$`<%.|(\}>|>;^`",:&(\}:"&^! [CMIILiSL THE Bank of Japan is still firmly digging in its heels against political pressure to cut interest rates Page 2 HART Engineering, a local company which deals in fire-protection equipment, is diversifying into the energy-saving field Page s OIL demand in Western nations is expected to remain weak247 words
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Advertisement103 1983-05-28 1 Elegance Nouvelle all-steel woods from Lynx Femme Fatale on the prowl \N 7 m i k t i JU- J Women golfers often face a big handicap on the course. Because most clubs for women are of inferior design. lynx Now Lynx has created the exclusive Elegance Nouvelle all-steel woods.103 words
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Advertisement176 1983-05-28 1 Published and Distributed by |SEI FEDERAL PUBLICATIONS Rfn 2 Jurong Port Road, Singapore 2261 J A mambar of Tha Timat Organisation < r/rts /^r 0» AN In time with time ***** 6110 *****-4110 ***** 5211 K f > *****-6109 <• <C tSW WATCH CENTRE Sl®. Katong Snooping Centre :new cheono176 words
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BANKING AND FINANCE
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533 1983-05-28 2 FT THE BANK of Japan is still firmly digging in its heels against political pressure to cut interest rates because of what it sees as the potentially adverse economic consequences of a further depreciation of the yen. In a detailed policy speechFT - 533 words
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Article175 1983-05-28 2 Reuter THE NUMBER of Persian Gulf borrowers approaching banks and financial markets for finance is likely to rise, Saudi Arabian Monetary Agency deputy governor Ahmad Abdullatif said. Government and private borrowers from the Gulf would be seeking more funding, he said on Thursday in aReuter - 175 words
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Article148 1983-05-28 2 Reuter PHOENIX Assurance PLC said management took little comfort from the evidence of continuing difficult conditions and intense competition in the group's two mo6t important markets, the US and the UK. This was in spite of improvement in the overall general business underwriting results in the first quarterReuter - 148 words
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141 1983-05-28 2 Reuter THE AMSTERDAM Stock Exchange plans to introduce official trading in non-guild-er Eurobonds before the end of this year. Stock exchange Chairman B F Baron van Ittersum on Thursday said the exchange intends to start a market for smaller transaction, or oddlots, up toReuter - 141 words
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Article497 1983-05-28 2 NYT DEREGULATION is rapidly transforming the face of the American financial system. Lines of separation between banking, insurance and the securities business some traditional, some enacted in the depression have become almost indistinguishable. Federal controls over interest rates paid by banks have largely disappeared, hybrid institutionsNYT - 497 words
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343 1983-05-28 2 Reuter GROWTH of the West German central bank money stock slowed again in May but remained at an annual rate of 10 per cent, well above the four to seven per cent target range for 1983, Bundesbank vice-president Helmut Schlesinger said. He saidReuter - 343 words
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303 1983-05-28 2 NYT CITIBANK is abandoning a policy that prohibited most customers with leas than USSS.OOO in their bank accounts from being served by tellers at certain branches. A senior vice-president, William J Heron, said: "The policy did smack a little of class distinction,NYT - 303 words
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Article292 1983-05-28 2 FT BERMUDA is introducing new methods to police its 15 billion insurance market in an effort to prevent trouble arising among the 1,200 insurance companies operating in its business community. All insurance companies seeking entry to the Bermuda market in future will have to be screened byFT - 292 words
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308 1983-05-28 2 Reuter VENEZUELA will seek to reschedule US$l5.B billion of foreign debts maturing in 1983 and 1384, and tap up to $2.8 billion from the International Monetary Fund, Finance Minister Arturo Sosa told Congress on Thursday. He plans to begin negotiations next wsek in the USReuter - 308 words
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201 1983-05-28 2 Reuter ECUADOR has concluded talks with creditor banks (or a rescheduling of U552.56 billion of its combined public and private foreign debt of $(.13 billion. Monetary Board President Jose Antonio Correa said. On Thursday he said the debt has been rescheduled over seven years withReuter - 201 words
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96 1983-05-28 2 THE IMF has ap|ss»«J payment of the second tranche of USSBB mfflkw of a $1.65 billion standby loan to Argentina, a senior IMF official, Christian Bracket, said. Mr Bracket, who led an IMF mission to check the government's compliance with economic targets outlined in the96 words
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MONEY AND EXCHANGES
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Article207 1983-05-28 2 THE US dollar yesterday recovered partially from midmorniag technical adjustments but was slightly lower against other major currencies compared with the opening. It traded at 2J005/12 marks against an early 2.5025/35 but was above the midmoming low of 2.4983/ 5000 and New York's finish of 2.4980/90. < The-Hongkong -dollar207 words
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Article118 1983-05-28 2 THE US dollar yesterday closed at 236.85 yen, little changed from the 236.70/80 close in New York after a dull trading day. The US unit rose to a high of 237.15 yen in thin early morning activity, after opening at 237.10, but weakened quickly bade to a narrow trading118 words
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Article86 1983-05-28 2 STERLING and the dollar yesterday continued their recent strength on UK election expectations and general support for the US currency in busy opening trading. Sterling opened at $1.5980/90, its highest opening in London since Jan 6. Opening quotes yesterday: US 1.5800 90 Can -*****/ 35 Cross 1.2317/20 D Mk86 words
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Article283 1983-05-28 2 RETAIL prices as quoted by the Shgmpace fnnrthis Isssriartsn are S$34JO per gram for 24k gold, $32.20 Sgram for 23k gold and 10 per gram for 90 per cent gold. One tahil is equivalent to 37.8 grams. The local gold market was closed yesterday. The Lsaisa morning gold fix283 words
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Page 2 Advertisements
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Advertisement126 1983-05-28 2 •H fEiCSCijii IITUTS > 4 V 4 Si i 1 -v N r 11 i V Wi*: V X V To Mandarin Singapore Executive Chef Mr Charles Benz, French cooking is a fine art. fust take the preparation of that famous French dessert, Crapes Suzette. Light pancakes delicately turned in126 words
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Advertisement136 1983-05-28 2 On a scale of 1000, this shoe is a 990. The New Balance 990 is the most technologically sophisticated running shoe made today. It has a unique polyurethane Motion Control Device for maximum stability. A midsole unit made of three different layers of EVA for shock absorption. And a new136 words
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Article698 1983-05-28 3 BBHNAEB AND COURSES May 20-31: Planning and Budgeting (or Managers, Singapore Institute of Management May 26-28: University and Policy Research in Asean Countries, RELC, RMED May 27-28: Inventory Systems and Control, Apollo Hotel, Decision Foot (S) Pte Ltd May 28, June 4: Telephone Techniques and Courtesies, Singapore Institute698 words
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TRADE AND INDUSTRY
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396 1983-05-28 3 KOH TSE YING - By KOH TSE YING SANDVIK machine users and educational Institutions in the Asean region will soon have access to specialised training provided by Sandvik Singapore Pte Ltd. The company, a subsidiary of the Swedish precision cutting tools manufacturer Sandvik AB, has invested *00.000396 words
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357 1983-05-28 3 LIM SOON NEO - By LIM SOON NEO THE Singapore plant of the Rsrhmami Group, a leader in the development and production of surgical equipment, will add two more products to its production line this year. Eschmann (Singapore) Pte Ltd will start manufacturing in June units357 words
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147 1983-05-28 3 WE HAI Pte Ltd, a new manufacturer of prawn and vegetable crackers, is trying to secure a bigger share of the Singapore and Asean market for products. Mr Joaeph Choog, its sales manager, said the Singapore market for snack products such as147 words
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516 1983-05-28 3 RICHARD SEAH - By RICHARD SEAH A LOCAL company which protects buildings against Are now hopes to protect building owners against energy wastage as well. Hart Engineering, which recently clinched two of Singapore's himt commercial Are protection contracts for Raffles City and Marina Centre, is teaming up with MCC516 words
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Article, Illustration423 1983-05-28 3 FORWARD Ovctm Credit Ltd, a Joint «wiut* gg OCBC and Midland Group of London, has announced the promotion of IN nf 8«e Hong to chief general manager. He succeeded WG Lewis who has been recalled to the UK. Mr Lewie had been chief executive of POOL since423 words
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Page 3 Advertisements
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Advertisement17 1983-05-28 3 I First" Lunch Date" Enjoy it with us on 6th Junel9B3! I I Philippine Airfinos to Mania17 words
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OVERSEAS
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555 1983-05-28 4 FT TRENDS towards increased protectionism risk causing a downward spiral in the world economy with catastrophic consequence* for the developing countries, the World Bank warns. A draft of its world development report due to be discussed by the bank's executive direct» a early nextFT - 555 words
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318 1983-05-28 4 Reuter THE Philippines' central bank has drawn the first 100 prize-winning numbers in a US$l million monthly raffle it hopes will help reverse its chronic balance of payments problem. The raffle was introduced to attract some of the millions of dollars sent homeReuter - 318 words
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471 1983-05-28 4 Reuter OIL demand will remain weak in the Western consuming nations and keep requirements for Opec oil at only 17.5 million barrels a day this year, a Gulf Oil Corp official said in New York. "In the US and Europe, we willReuter - 471 words
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379 1983-05-28 4 Reuter THE rescue package for Switzerland's two largest watch groups will cost 659 million Swiss francs, representatives for the two groups and banks said The merger, announced earlier this month between Allgemeine Schweizerische Uhrenlndustrie AG (Asuag) and Societe Suisse pour l'lndustrie HorlogereReuter - 379 words
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WORLD IN BRIEF
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Article401 1983-05-28 4 IT RAINED frogs earlier this month in Central China's Henan province, a Guangzhou newspaper reports. Along with a half-hour gale and thunderstorm on May 11. countless frogs the size of a section of finger rained down on a 0.25 sq km area in a depression in401 words
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180 1983-05-28 4 NYT THE UK has granted permission for People Express to flj its low-cost transAtlantic service. The decision came )ust 12 hours before the airline's first US|l49*-seat flight was due to leave Newark on Thursday for Gatwick Airport near London. It was said to have beenNYT - 180 words
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131 1983-05-28 4 AP A CHINESE cancer researcher has said that pickled vegetables may account for the high incidence of oesophageal cancer in central China. The Xinhua news agency reported on Thursday that Zhang Youhui, deputy director of the Cancer Institute of the Chinese AcademyAP - 131 words
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249 1983-05-28 4 Reuter A US Senate committee has approved most of President Reagan's requests for funds for the International Monetary Fund, Pershing-2 missiles and for El Salvador. The US$l5.6 billion Bill approved by the Appropriations Committee includes the full $8.4 billion Mr ReaganReuter - 249 words
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Article741 1983-05-28 4 ARRIVALS Senrtee Local Operator Nubor Time Fraa SIA PAA FT CAL MAS MAS MAS SIA RBA MAS CPA GIA SIA SIA THAI MAS MAS GIA SIA SIA SIA SIA GU SU GU KLM THAI SU UL CPA MAS MAS SU SU MAS SU AI UTA SU GU741 words
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284 1983-05-28 4 Reuter PARTIAL data indicates there was substantial growth in Canadian real gross national product in the first quarter of 1983, which would be the first quarterly rise since the recession began in the third quarter of 1981. Statistics gaid. The reportReuter - 284 words
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186 1983-05-28 4 UPI A NEW Library of Congress study shows the US is lagging behind Japan and West Germany in spending on civilian research and development (RAD), Senator Uoyd Bentsen said. "We had a U5542.7 billion trade deficit last year and we could be lookingUPI - 186 words
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449 1983-05-28 5 NYT BrriNG winds, fierce competition and the surprise withdrawal of three major US plane makers marked Thursday's opening of the 35th Paris International Air Show, where 900 aeronautical manufacturers are fighting for shares of the increasingly tight aircraft market. "The aircraft industryNYT - 449 words
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179 1983-05-28 5 AP A GREEK tax court said shipping heiress Christina Onassis must pay (our billion drachmas (US9SO million) in inheritance taxes on her late father's estate in Greece, Judicial officials said in Athens. The judgement was delivered on Thursday after an investigation by theAP - 179 words
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Article920 1983-05-28 5 VmmI Birth Arrival KEPPEL WHARVES Alpac Asia 5 alongside Ceram Sea 10/11 alongside San Juan 35/6 alongside Straits Star 21 alongside B Talisman 47 28.5/0600 King Pearl 23 28.5/0600 Perils 20W 28.5/1300 Seng Hlng 27/8 283/1300 Temburong 20E 283/1300 Zambesi 6/7 285/0530 PASIR PANJAMG Baharl Prasetya 303920 words
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243 1983-05-28 5 Reuter WEST Germany's real gross national product looks set to rise by between 0.5 and one per cent this year, and rise substantially again in 1984, Bundesbank vice-president Helmut Schlesinger said. He said in Frankfurt yesterday he is more optimisticReuter - 243 words
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458 1983-05-28 5 Reuter PRESIDENT Reagan has brushed aside a call by French President Mitterrand (or an International conference to stabilise world currency markets. In an interview with foreign television reporters on Thursday ahead of the seven-nation economic summit which opens today, Mr Reagan said: "We didn't askReuter - 458 words
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295 1983-05-28 5 Reuter BRITISH opposition Labour Party leader Michael Foot, with support for his party slumping halfway in the election campaign, is fighting to prevent a victory by Prime Minister Margaret Thatcher. One opinion poll rates Labour support below 30 per cent for the firstReuter - 295 words
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Article180 1983-05-28 5 Reuter STERLING surged above US$l.6O oq Thursday in London for the first time in four months, boosted by a growing expectation that Conservative Prime Minister Thatcher will be returned to power in the June 9 general election. The British currency was quoted at $1.6025 in lateReuter - 180 words
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471 1983-05-28 5 Reuter UPI AMERICAN Undersecretary of Commerce Robert Dederick, in an optimistic outlook (or the US economy, said be sees a significant acceleration in the growth rate of gross national product in the second quarter. He told the House banking committee there is evidence pointing toReuter; UPI - 471 words
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356 1983-05-28 5 Reuter PRESIDENT Reagan said British Prime Minister Margaret Thatcher had "a sort of veto" over any decision he might make to launch British-based US Cruise missiles in a conflict with the Soviet Union. He said on Thursday he had an understanding with MrsReuter - 356 words
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210 1983-05-28 5 AP PRESIDENT Reagan's administration has agreed to remove material criticising Japan's allegedly protectionist economic policies from an official US press kit prepared for distribution at the Williamsburg summit. The action was taken after protests to the State Department by Japanese ambassador Yoshio Okawara. A departmentAP - 210 words
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Page 4 Advertisements
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Advertisement320 1983-05-28 4 r {mm( y- 4 x 100 m 4 x 400 m Triple Jump (FOR MEN ONLY) Long Jump High Jump Javelin Shot Putt Discus Rules A Regulations 1) Eodi company is allowed to enter three competitors for eodi individual track end field event end one teem for ooch rsloy race.320 words
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Advertisement0 1983-05-28 4 ].%.\'%(.}^+/>\}/</@*{{:__'/'!~0 words
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Advertisement22 1983-05-28 4 Pan Am To Hongkong DailyAt7.2oam It's The first Flight Out The First Flight In. Pan Am.You C an t Beat the Experience.22 words
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Page 5 Advertisements
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Advertisement187 1983-05-28 5 Ask someone who Pete is and they might think you've just come from another planet. f For Pete is one of the most brilliant W players in football history. His tactics J and style are legendary wherever T soccer is spoken. Now here is the master in a fully illustrated187 words
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Article442 1983-05-28 6 NO ONE quite knows when or how it all began, this great passion of man to wager a stake on a game of chance. He calculates the odds, knows it's against him but takes his chance all the same. As long as 40,000 years ago, pre-historic men,442 words
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Article, Illustration1467 1983-05-28 6 MARIE WINN - By MARIE WINN NYT FIFTEEN or 20 years ago, parents had few conflicts about how to deal with the sexuality of their pre-ado-lescent children unquestionably it was to be discouraged. Even the most enlightened parents continued to maintain a cautiously repressive attitude towards theNYT - 1,467 words
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Page 6 Advertisements
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Advertisement160 1983-05-28 6 If 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 |ust the space for you You'll be reaching a very select group of160 words
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Page 6 Miscellaneous
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Miscellaneous32 1983-05-28 6 -H-OH CROSSWORD m 55 h#« IMW H S3 w as pf W nW I 1 9C 30 MENTION ROOMY mm M&* b*. 3 if Sri BriStoW- Franlc EhckeixS V in SPIUMS/ )l32 words
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Miscellaneous797 1983-05-28 6 SINGAPORE 5 100 PM Opening folowed by Sesame Street: Children learn about the letters "Q" and "Y" and the number "6". 2.00 Shazam: Or Sivana and his children acquire super powers to equal those of the Marvels. 2.25 Saturday Matinee Break-Away: Two young men decide to get away from the797 words
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Article, Illustration1374 1983-05-28 7 ELIZABETH HAWLEY - Tomorrow marks the 30th anniversary of man's first step on Mount Everest. ELIZABETH HAWLEY reports on the magnetic hold which this seemingly impossible peak has for the hundreds who aspire to scale it. ELIZABETH HAWLEY Reuter MOUNT Everest, the world's highest peak, was conqueredReuter - 1,374 words
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Article, Illustration941 1983-05-28 7 ROBERT MAHONEY - By ROBERT MAHONEY Reuter VISITORS to Ulrike von Mengden's bungalow in the suburbs of Jakarta tend to be bowled over by their reception. Fw Ulrike lives with 20 orang utans and at least one of them, Bombo, says hello by throwing all 45 furry red kgReuter - 941 words
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Article, Illustration697 1983-05-28 7 REUDON EVERSLEY - By REUDON EVERSLEY Reuter THE Caribbean Islands, hit hard by a rising oil import bill over the past 10 years, have turned for energy to their own resources: sunshine, wind, water and volcanoes. Thousands of factories and households now use solar energy to heat water while aReuter - 697 words
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Article322 1983-05-28 7 MARKETING strategies, we found out, is not restricted to curry puff sellers who get themselves acquainted with Business Times. One hawker at Rasa Singapura was spotted walking around with a vacuum food container offering warm samples of his murtabak to tourists. It sure worked better than322 words
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Page 7 Advertisements
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Advertisement191 1983-05-28 7 Keep up-to-date with the internationally acclaimed and authoritative JANE'S Yearbooks -a tradition of reliability for 84years JANE'S All The World's Aircraft 1982-83 The indispensable guide I for aviation professionals and enthusiasts alike! w ;£5. *****.00 More than 1400 photographs and 340 three-view drawings The internationally acknowledged standard aviation reference. Provides191 words
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Page 8 Advertisements
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Advertisement778 1983-05-28 8 Where to wine, dine and entertain Bill An English Afternoon Tfca So good,you could stay for hours. *4 A choice of 20 delirious teas. Silver service, naturally. And light, classical music to accompany it all. The Music Room. II At the Hilton. ®J A great place to be I I778 words
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Advertisement202 1983-05-28 8 itsftjcifcf t". Si.-.. you «p over a cod drink!" 20% dncoum on bH drinks during happy Hours {spm 7pm daily} Business hours: 11 00am to I.ooam on weekdays, up to 2.00 am on weekends tr A t i "I I^* L"JU«jiv For information* reservations, please call *****22 ert 133/917 or202 words
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RAW MATERIALS
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Article810 1983-05-28 9 COFFEE: Futures yesterday fell £360 a tonne (Am Thursday's close by midday, while'other traded months were between £22 lower and £2 higher. May had a large open position of 1,544 lota with only two trading days left and further wide swings in either direction are likely. Yesterday morning810 words
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Article340 1983-05-28 9 SINGAPORE: The market was closed yesterday. The following are Thursday's closing prices In SI per Idlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.58, B-10 per cent340 words
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Article200 1983-05-28 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix 30s MM; 32s 3,235, 40s WOO (pa* bale of 400 lbs). Pises goads: China Butterfly and Globe brand unq; Dragon Head unq; Five unq; Flower and Butterfly unq;200 words
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Article172 1983-05-28 9 WHEAT futures in Chicago on Thursday closed 5Vi to 3V« US-cents a bushel lower. July ended at the bottom of a SSA5 S A cent range. Heavy commission house selling throughout the day triggered additional stoploss selling, fueling the decline. Dryer weather in southern wheat growing areas boded well172 words
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Article173 1983-05-28 9 Reuter SOYBEAN futures in Chicago on Thursday broke sharply to close seven to 8 US-cents a bushel lower. July finished near the bottom of an 11V4 cent range. Heavy commission house selling after midsession pushed prices through sellstops, fueling the decline. Improved planting conditions in the US and betterReuter - 173 words
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340 1983-05-28 9 CURRENT One RSS gradually recovered its recent nine-cwt loa in quiet condition* on the Singapore rubber market for the week ended May 2S, Hobday, Cutter, Bmtb mod Company add. Turnover was slightly improved but on the whole, fresh news was lacking. After dipping initially,340 words
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696 1983-05-28 9 Reuter LATE spring fever is sweeping London's commodity exchanges where investors are spending lavishly and price* are hitting their highest levels for years. Bad weather in northern Europe and Ghana has boosted the prices of sugar and cocoa to two-year and three-year p«aks while metalsReuter - 696 words
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Page 9 Advertisements
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Advertisement819 1983-05-28 9 The First Canadian Bank Bank of Montreal 129, St. James Street, Montreal, Quebec H2Y IL6, Canada STATEMENT OF ACCOUNTS YEAR ENDED 31 OCTOBER Note: All figures quoted in Canadian dollars (thousands) CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT OCTOBER 31,1962 CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED 31819 words
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INTERNATIONAL STOCKS
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Article206 1983-05-28 10 MAT M fuoa INDUSTSIAL8 Atpte m uneh tars* a, 2 iST* SL imw UM coawui ana CM A cm riauMt a» mh D» >wn ind rTvoifc ST" V g-» KM Ml -4 ub mm an Loartw m uneh tU MB MMI MM uneh g i" onTM!!. m -l 5k206 words
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Article32 1983-05-28 10 I ."I'uBS 1 i noaacn MJC -LI ■MM MUI bMui attft *Hn iu« Urn*. MM +1 mm -A7 ETWA IM -1-4 l«JD tU MLM +u -sr MLM 44 ra» -u jjHM32 words
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Article96 1983-05-28 10 CO KB XIL Alr-LiqtiM* a N amk c »r en —r en msctM *M PMnim CTMIt rndv D* rrmaea Haebaua LB m -i UM tat -i mm m 11M M u M 1 U 14 W a i MtebsUn (B) Omnium W at UUI IMLK -L IMJi uautor GROUP96 words
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Article32 1983-05-28 10 1 U>p«Ul Ofd MUaao Am CM MwiiUjion m aw +M oumm CM PMW AM C Mi +IH M* -U PM1 Bp* Ml mi +m M 41 m in -i Source: BCI32 words
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Article128 1983-05-28 10 MAT» CI g g hMk M M TIt Bft ■T CM LM M» BrucaA Cuu Rad 1-»*» Qui lay M SM cm r™ m« f—r*- MllOMi WH CMM Lk mm Cm him a a CMUM* fl sag-"-—v ag- Si Ohm Mim 71« OMM 'J- m Ot TaOov bk cMt128 words
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Article45 1983-05-28 10 MAT» m VOBWABO MAUUT Aerne mm 41 AIM MM aneb M *m fli Otanc UN m -1 M 4-4 Da hn mm *tm mm -m 2T— gy s 2 j«oinsr=:»2 i* SSS r gg CASH MAIUT Am OM M 55 Zurich prices were unavailable45 words
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Article3291 1983-05-28 10 IMS H%k Low C—p—y Last Bale +e»Gr*s DHr Dhr CVr Or's TV Net Ml Vol fmsi «MS"U. SECTION ONE INDUSTRIAL A COMMERCIAL sb an m 380 11» m M s 7 an 536 -1400 W S40 546 no m an no no 275 an in 119 3403,291 words
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Article125 1983-05-28 10 MAT M AM Di Akm MAM ■if -I ■U -1 AMCV 11AM i f -AS tar-= MM ♦AS MM -LI SMMMT MM ♦AS •a .i ttj| In* CkM Dm* pyj My MM TU» HAM AS ♦t 2L PM IBM u n mm mm •1 ■U -AS ♦AS HMaiuajw MAM125 words
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Article192 1983-05-28 10 UPI SEARS Roebuck ud Co wu the top retailer for the 19th co—ecutlve year la Fortune magazine's service 500 list of the US' largest service sector companies. The list, which ranks the 500 largest non-industrial rtes based sales, revsalsd few surprtoes on Wednesday. TheUPI - 192 words
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Article1086 1983-05-28 10 JVEW FORK Reuter WALL Street stock prices took a breather on Thursday after a three-day runup and ckaed with a slight loss (or the first time this week. The Dow Jones Industrial Average moved in a narrow range all day and closed off about 5Vi points at1223J0.Reuter - 1,086 words
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Page 10 Advertisements
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Advertisement253 1983-05-28 10 mlm mm Profiles and Reminiscences of Men Who Have Shaped the Modern World RN: The Memoirs of Richard Nixon was called "the most absorbing political memoir of our recent history." The Real War was called "important and urgent*' and "brilliant and informed." Both were international bestsellers with a combined sale253 words
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COMPANY NEWS
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1073 1983-05-28 11 THE East Asiatic Company (Malaysia) Bhd (EAC)'s disclosure that it had finally readied agreement to sell Denmark House completes one of the several moves initiated by the diversified trading group to consolidate its activities. With earnings having borne the brunt of the world1,073 words
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ASIAN STOCKS
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Article269 1983-05-28 11 AUSTRALIAN share prices yesterday closed widely lower in moderately active trading due to profittaking. MAY S7 Cant* INDU8TKIAL8 A C I Mi -1 A M I M» -10 A P M 1« uneb ADarfojrl* W > M Aft SU unci) Album OU 0 41 AUtad MlU 1»269 words
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Article110 1983-05-28 11 MAT 17 Batata AaETnSta*** US AMbut In* And Ihj 1SI +J BaaPor ArttUMjB Ud Bata Oho* BarU Jaekar 3U ouch Cbaroonf Thai _W1f» W uneh r£5®T?*rzzzzzzzz Ooodyar indoatnaJ manCa Cera Mf» JaJaprautao Omwot- 17« -»1 KttawtMMj IS >1 Matai Box I1W Sana To«ar «T» -1 (Mam Camant an ft110 words
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Article42 1983-05-28 11 SHARE prices yesterday closed mixed on a turnover of 2.99 million pesos, down from 6.15 million on Thursday. *A* ST Pmo. »«TL===: z JCSS-f"LzuSSS IT gNgM»q«M moi -MM gMH Nwtwi UN -urn Oaa B MMO -I cn». tl |1 TT^krr* "i42 words
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Article339 1983-05-28 11 HONGKONG THE stock market yesterday closed steady on sporadic local buying with the Hang Seng Index rising 5.« to 913.90 points. Prices opened higher folkmlng gains among listed Hongkong shares in London but most investors were sidelined reflecting the continued fluctuations in the Hongkong dollar. The brokers339 words
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Article397 1983-05-28 11 PRICES closed lower as late profit-taking and liquidations In the blue chips and populars erased initial gains yesterday. The market average lost a provisional 8.06 to close at 8,617.92, with the day's trading volume at SO million shares, and the Tokyo Stock Exchange Index ended 0.49 down397 words
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Article, Illustration2024 1983-05-28 11 STEVEN TAN - MULTI-PURPOSE'S SALE OF MALAYSIAN PLANTATIONS Daring the past few years, as Multi-Purpose rapidly carried oat its acquisition plans, it accumulated a massive debt burden which has become a source of embarrassment and the main drag on earnings. The high gearing has also turned investors away2,024 words
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Article152 1983-05-28 11 Reuter MARUBENI Corp said it expects an unspecified recovery in its taxed profit in the current year ending next March 31 following a sharp drop to 346 million yen in the preceding year from 5.28 billion a year earlier. A company attributed the lower after-tax profit toReuter - 152 words
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Page 11 Advertisements
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Advertisement456 1983-05-28 11 The >ne t4 rm 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 Otief of Police of Walnut Creek,456 words
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450 1983-05-28 12 HARRISONS Malaysian Plantations Bhd (HMPB) anticipates that the group will- be able to achieve its earlier forecast of profits after tax and minority interest of at least Msso million for the year to endMarch 1983, although this will not be exceeded450 words
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Article199 1983-05-28 12 KUNDONG Tujng Pan BU! has toM the Kuala Lumpur Stock Exchange that, the sale of Tsnjong Pau estate will realise a surplus over book value of M$lC5 million before tax and extraordinary costs. PROVINCE te Qaebee bsafe tee lMf has been granted listing and quotation on the Stock199 words
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479 1983-05-28 12 NAJEEB JARHOM - [■asH Companies Editor: Mano Sibm» By NAJEEB JARHOM HIND Hotels International has failed to meet its forecast that pre-tax profits would be at least 15.2 million in 1982. In its first results announcement as a public company, the owner of Oberoi Imperial Hotel479 words
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Article788 1983-05-28 12 RENEWED overseas demand prompted by maintained election poll support (or the ruling Conservatives, reflected in sterling strength, pushed shares higher yesterday in spite of the: approaching UK long weekend, dealers said. At 3pm, the Financial Times index was up 4.0 points to a new peak of 710.S Overseas788 words
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Article52 1983-05-28 12 U.K.HANG SENG Friday 913.90 Thursday 90S. 46 Week Ago 942.06 AUSTRALIAN INDUSTRIALS Friday 799.6 Thursday TB2.8 Week Ago 763.9 ALL ORDINARIES Friday 616.9 Thursday 619.8 Week Ago 608.0 FINANCIAL TIMB8 industrials Thursday ,082 Wednesday 700.6 We«k Ago 606.4 DOW JONES AVERAGE industrials Thursday \*n <u\ Wednesday iSoi Week52 words
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357 1983-05-28 12 TRONOH Mines Malaysia Bhd has recorded a marginal 5.1 per cent fall in group pre-tax profits (audited) to M|10.(12 million for the year ended Dec 31,1982. Profit on mining operations plunged to 148,000 (81.30 million previously) while share of profits of357 words
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192 1983-05-28 12 KRAMAT Tin Dredging Bhd's pre-tax profit (or the year ended March 31 fell to $150,000, as against $270,000 for the previous sevenmonth period. Audited results showed that profit from mining operations was down sharply to $40,000 from $211,000 but interest receivable rose to $101,000192 words
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Article949 1983-05-28 12 Ai Ai Carraat Br Baafcs Data Tatel lar Mail* P»yaMa» Data Ctaaa PayaMa lha yaar Haaiaai yaar 7*% Jua 11 Jua 33 Jul 15 7*4 317% T*%(b) Aug U Aug 13 Aug 31 7*% 7*% 5% May 35 Joa 3 Jua 34 19% 19% May 5 May 17949 words
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Page 12 Advertisements
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Advertisement102 1983-05-28 12 FEDERAL PUBLICATIONS ft 9 v: ■>' .V* r -:C" <£3 4 ~-V <* s? 1 5T •o ft 6 (1 "V c v: 2! 5 J 2 X ft IS if V 21 -<1 t* i n ail? i <*C* V ft sr >S^° t ■il'il'T.l 5% 1 4 R102 words
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Page 12 Miscellaneous
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Miscellaneous65 1983-05-28 12 OUTLOOK for today: Thundery showers in several areas in the morning; fair in the afternoon and evening. JUfurt for 24 hoars prtor to 7 M pm m May n alike Airport: 7 Maximum temperature 30.8 Associated humidity 67 Minimum temperature 23.8 Associated humidity 94 Hours of sunshine 1.05 Rainfall in65 words
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