The Business Times, 4 June 1983
1983-06-04
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The Business Times
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Title Section10 1983-06-04 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JUNE 4,1983 60 CENTS10 words
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435 1983-06-04 1 LEE HAN SHIH - By LEE HAN SHIH CHASING the million-dol-lar dream will cost the public a cool $61.8 million this year. That's what Big Sweep organiser Singapore Pools expects to realise from the sale of Singapore Sweep tickets this year, up $24 million435 words
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189 1983-06-04 1 Reuter WEST German Foreign Minister Hans Dietrich Genscber met German industrial leaders to discuss prospects for boosting trade with Asean. He called the meeting in Bonn to prepare for his visit to the five Asean countries later this month. He is due to meetReuter - 189 words
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474 1983-06-04 1 LOH HUI YIN - By LOH HUI YIN PRODUCTION at three Singapore refineries was disrupted by a power failure two days ago, the second time in less than four months. The blackout, which lasted between 30 minutes and an hour affected the three offshore refineries of Shell, Esso474 words
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519 1983-06-04 1 AP CHINA, apparently concerned about Hongkong's deteriorating economy, has made a series of moves to calm jittery nerves in the British colony. The China News Service, in a dispatch from Beijing, yesterday described SinoBritish relations as "satisfactory" and said a "bilateral understanding andAP - 519 words
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326 1983-06-04 1 SOH TIANG KENG - By SOH TIANG KENG CREDIT POSB will now give borrowers one month's notice, instead of three, on changes in housing loan rates. This new ruling, in line with the general practice of Singapore's finance companies, cuts both ways. When interest rates fall,326 words
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BRIEFLY...
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Article55 1983-06-04 1 DBS Bank is reducing its prime lending rate by a quarter of a percentage point to 8 per cent per annum with effect from Monday. Its other deposit rates will remain unchanged with savings account at 6'/« per cent; Autosave account 5 per cent; and fixed deposits55 words
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Article48 1983-06-04 1 Reuter A JAPANESE company has developed the world's strongest permanent magnet, made of an alloy with a magnetic force 1.6 times that of existing magnets. Sumitomo Special Metals Company said the new magnet is made of neomax, an alloy consisting mainly of neodymium and iron. ReuterReuter - 48 words
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Article76 1983-06-04 1 AFP VIETNAMESE authorities have handed over the remains of nine US soldiers, who disappeared during the Vietnam War, to a group of US military experts who arrived in Hanoi on Wednesday, a Vietnamese communique said. It said the Vietnamese authorities had also given the group objects possibly identifyingAFP - 76 words
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Article94 1983-06-04 1 AP A LETTER bomb burst into flames at the Conservative Party's headquarters in London yesterday less than an hour before Prime Minister Margaret Thatcher arrived at the building, police said. It caused no damage or injuries. The Scottish National Liberation Army, a small militant group which seeksAP - 94 words
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Article69 1983-06-04 1 AP AMERICA'S civilian unemployment rate edged down to 10.1 per cent in May, the third consecutive monthly decline, as 99,000 people found jobs in an improving labour market. The Department of Labour reported that the civilian jobless rate was 0.1 percentage point below the April level and wasAP - 69 words
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Article59 1983-06-04 1 AFP THE Hongkong dollar firmed yesterday to close at 7.255-7.285 against the US dollar in line with a softer greenback against other major currencies such as sterling, the mark and the yen. The Hongkong unit opened mildly strong at 7.240-7.250, up from Thursday's finish at 7.280-7.290, and,AFP - 59 words
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Article23 1983-06-04 1 Reuter INTERNATIONAL telecommunication links with Brunei will be disrupted today for the redeployment of certain satellites in the Indian Ocean. ReuterReuter - 23 words
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Article68 1983-06-04 1 AP THE NEW YORK stock market opened mixed yesterday as concern over interest rates dampened optimism over the revival of the US economy. The Dow Jones average of 30 industrial stocks fell 0.80 points to 1210.64 in the opening half hour. But more than four stocks roseAP - 68 words
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231 1983-06-04 1 Bernama PENINSULAR Malaysia's trade deficit widened to almost M 51.30 billion in the first quarter from $668.5 million in the same period last year. Imports rose 16 per cent to $6.72 billion while exports increased by a slower 5.6 per cent to $5.42 billion.Bernama - 231 words
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524 1983-06-04 1 RICHARD SEAH - By RICHARD SEAH VIDEO pirates were beaten when the Jedi returned unexpectedly early to local cinemas last week, but the film was still robbed of some shine by 2,600 "gladiators of the sea". The gladiators are none other than participants of the524 words
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Page 1 Advertisements
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Advertisement236 1983-06-04 1 ifiea kmdbz ANALYSTS doubt the Fed will risk forcing short-term interest rates up more sharply than they already have in response to expectations of tighter credit Page 2 A NEW type of plastic bottle which is as clear but lighter than glass bottle seems to be gaining acceptance among local236 words
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Advertisement56 1983-06-04 1 FLY AEROFLOT TO EUROPE m n m WAV S\\ 1 WW f> f»» Your Guide to ft* USSS AEROFLOT Singapore Office 55 Market Street. #01-00. Sinsov Building Singapore 0104. Tel 967|| (5 mcs) Kuala 1 umpur Tel *****1 Auckland Tel *****9 Bangkok lel *****65 Sydney Tel *****6 ****** Manila Tel56 words
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Advertisement187 1983-06-04 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) A better leather, a better cut Where quality is a principle and price, the result For the discerning, here is HARIO. For a few, but for always. m 4 Authorised Deaiars Ally Handbags ft Shoes #01-3%187 words
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BANKING AND FINANCE
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796 1983-06-04 2 Reuter US CREDIT markets benefited from a Federal funds rate fall below 9 per cent on Thursday and will be further helped as the rate stabilises at B*4 per cent or slightly less in the near term, economists and dealers in NewReuter - 796 words
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285 1983-06-04 2 Reuter SALOMON Brothers chief economist Henry Kaufman expects interest rates, especially short-term rates, to become more volatile after the early phase of economic recovery is past. In remarks prepared for delivery at a dinner in Chicago, Dr Kaufman said the increased volatility willReuter - 285 words
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Article313 1983-06-04 2 Reuter SEAFIRST Corp said the Washington state supervisor of banking has approved the previously announced plan for Seafirst Corp to merge with Bank America Corp. Seafirst said the approval was a key step forward toward the merger. It said the alliance presents Seafirst with a beneficial solutionReuter - 313 words
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Article134 1983-06-04 2 THE Singapore branch of the Saitama Bank is issuing a four-year US$2O million floating rate certificate of deposit (FRCD). Signing of the agreement by the bank, leadmanager Morgan Guaranty Pacific and the other participating banks will take place on Monday. Though the final maturity on the FRCD134 words
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213 1983-06-04 2 Reuter INDONESIA kM announced a liberalisation of Its banking regulations la nu effort to stimulate the eco—my by mobilising domestic funds. All Wardhaaa, the Coordinating Minister for Eco no my, Planner and Development, said the government has lifted credit ceilings on domestic bank lending, raised InterestReuter - 213 words
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Article411 1983-06-04 2 Reuter A FLOOD of Soviet gold on to the world market for short-term gain is increasingly unlikely, George Nisbet, vice-president of the Chamber of Mines of South Africa, said in Tokyo. Addressing Japanese investment managers, Mr Nisbet said whereas in the past it wasReuter - 411 words
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179 1983-06-04 2 Reuter WESTERN creditor banks will open talks with the Polish government in Warsaw in mid-June on rescheduling interest and repayments due this year on Poland's current debt. Interest payments due this year are estimated at US$l.l billion and repayments at $1.5 billion. The banks anticipate difficultReuter - 179 words
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MONEY AND EXCHANGES
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Article517 1983-06-04 2 THE US dollar yesterday closed stronger against major currencies on the local foreign exchange market. Against the local currency, the US dollar opened at 2.1020/30 and moved up in moderate trading in the early morning to a high of 2.1070/80. It later eased to close at 2.1065/75. lihrtHk517 words
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Article83 1983-06-04 2 THE US dollar yesterday rose against most major currencies in fairly active late trading, supported by bullish fundamentals, dealers said. They attributed the rise to high US interest rates, an improved US trade position and concern over Middle East tension. Banknote rates yesterday: US 7.23/7.25 UK 11.40/11.60 Brunei 3.42/3.4483 words
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Article50 1983-06-04 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 6 to June 10: Offered: $140,000,000 Applied for: 5254.000.000. Allotted: 5140.000.000. Accepted Mdo: $99 34 approximately 19 per cent; higher bids in full. Average rate of discount on allotment: 2.585 per cent per annum50 words
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Article22 1983-06-04 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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Article188 1983-06-04 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on June 3: U8 Doll»r»<8pot> Offer Bid 7 days 9 3/16 91/16 1 month 95/10 93/16 2 months 9 7/16 95/16 3 months 99/16 97/16 6 months 9 13/16 911/16 9 months 9* 9* 12 months 915/16 913/16 Dm. 8w.Fr*.188 words
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Article44 1983-06-04 2 RANGE of prices offered by discount houses on June 3: Overnight: 3 Call deposits: 2 3 fUfiaf Bnytsf SclliBf 3-month Treasury bills 2H 2W 3-month Bank bills 7* 7"» 3 months CD 7* 7*« 6 months CD 7H 7** Source: National Discount Co44 words
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Article276 1983-06-04 2 THE US dollar opened fairly steady yesterday in a preweekend market affected by US money supply figures due yesterday and the uncertain direction of interest rates, dealers said. The dollar opened slightly higher at 2.5455 65 marks compared with Thursday night's closing 2.5396 5405, but fell back to 2.5415/25276 words
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Article349 1983-06-04 2 □OLD FUTURES in Singapore yesterday closed generally firmer in quiet trading following the metal's rise in overseas markets. Dealers said the market was quiet due to weekend factors and uncertainty over the future trend of US interest rates. Total sales for the day was recorded at 90 lots and349 words
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Article36 1983-06-04 2 Than Wad New York 11.93B L2 12B 12.00S 12.136 Zurich 12.20B 12.428 12.306 12.51S rii Than Singapore 12.10B 12.05B 12. MS 12.15S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore36 words
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Article161 1983-06-04 2 THE US dollar edged up yesterday throughout a day of dull pre-weekend trading to finish at 238.75 yen after opening at the day's low of 238.20. The closing rate was well above the 238.00/15 yen finish in New York but below the 239.25 close in Tokyo on Thursday. Turnover161 words
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237 1983-06-04 2 Reuter NEW regulations by the Argentine central bank concerning the refinancing of short-term loans and swaps will help the country obtain new loans to service its foreign debt, banking sources said in Buenos Aires. The central bank on Wednesday announced terms few refinancingReuter - 237 words
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Page 2 Advertisements
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Advertisement354 1983-06-04 2 from Singapore W* University Press [SOUTHEAST /\SIAj Essays n Geography V ""B Uhr I Education, Manpower Development in Singapore by Pang Eng Fong Economic restructuring in Singapore since 1979 has quickened interest in productivity and manpower issues. This book, a collection of papers written between 1970 and 1981, analyses educational354 words
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Advertisement15 1983-06-04 2 119 Pick of the Month! (Normal: $225) Tel: *****01/2 OSamsoniter -OomC'ty USA we've qot <fou%15 words
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TRADE AND INDUSTRY
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411 1983-06-04 3 COUNTRIES should pursue employment policies aimed at reducing unemployment and raising income levels in their fight against labour problems. This, in turn, can help to eliminate the necessity for children to work to supplement their families' meagre earnings, and overcome the problems411 words
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420 1983-06-04 3 MANDARIN Hotel may soon be offering its expertise to manage hotels in the neighbouring countries. It is now managing four hotels through Mandarin Singapore International (MSI), a company set up in 1979 and staffed by the Mandarin Hotel employees. The general manager420 words
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229 1983-06-04 3 A LOCAL property firm has started a "tenant's agent" service called Access. Knight Frank Cheong Hock Chye this week opened a special division in its residential department to help expatriates who are househunting in Singapore. Access is designed to save time and money by doing229 words
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225 1983-06-04 3 A TOTAL of 5,700 Housing Board executive flats will be completed between the end of this year and 1985. The first 1,300 units will be ballotted at the end of this year or early 1964. These units are under construction in Bedok225 words
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Article430 1983-06-04 3 RESULTS on the seventh day of the South-east Asian Games yesterday were: ARCHERY Women's 70m: 1) Sam Tan Pek Hoon (S) 565 293, 272), 2) Zefilia Saiman (Ind) 548 (273, 275), 3) Nurfitriyana Saiman (Ind) 532 (281, 251). Women 60m: l)Cherrie Valera (Phil) 581 (285, 296), 2)430 words
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Article, Illustration281 1983-06-04 3 EBARA Corporation has appointed its Singapore representative office's regional manager, Mr MuaUU Skid*, as managing director and its assistant regional manager, Mr MaklatnlHa Fnjtohlma. as deputy managing director to set up the newly incorporated company. Ebara Engineering Singapore Pte Ltd. Prior to the appointments of Mr Shi281 words
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442 1983-06-04 3 LIM SOON NEO - By LIM SOON NEO A NEW type of plastic bottle that has the clarity of glass minus its weight seems to be gaining acceptance among local bottlers and packers. This type of bottle, made from a new plastics substance known as PET (polyethylene terephthalate), is442 words
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Page 3 Advertisements
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Advertisement256 1983-06-04 3 THAI'S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then take your choice to Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flies the shortest distance non-stop to COPENHAGEN,FRANKFURT.ROME and ATHENS. Then onward to the other great European capitals of256 words
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OVERSEAS
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173 1983-06-04 4 UPI US IMPORTS from the Arab world fell 60 per cent in the first quarter of this year largely because of a 72 per cent decline in Saudi Arabian oil purchases, the Mideast Report said in its current issue. The US trade balance withUPI - 173 words
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635 1983-06-04 4 NYT IN THE 10 weeks since the Organisation of Petroleum Exporting Countries cut its basic crude oil price by US$5 a barrel, industry officials have become increasingly convinced that the new level will hold for at least a year. However, the industry officialsNYT - 635 words
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320 1983-06-04 4 Reuter FRANCE'S Socialist government has rebuked its communist allies for mounting attacks on its economic strategy and criticising President Francois Mitterrand's performance at the Williamsburg summit. Spokesman Max Gallo denied Communist charges that Mitterrand had allowed the summit's final declaration to compromise French independence. HeReuter - 320 words
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273 1983-06-04 4 AP THE two-day Nato defence ministers' meeting that ended on Thursday was highlighted by remarkable displays of disagreements in an alliance keen on unity. America's highest defence officials figured in one of them. Greece, Denmark and Spain were the other sources of discord. USAP - 273 words
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311 1983-06-04 4 NYT EF HUTTON A Co has announced a new service that will give clients with home computers access to their accounts and to selected investment information. Hutton thus becomes the first US brokerage firm to offer such a service, although other majorNYT - 311 words
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153 1983-06-04 4 Reuter THE United States says further talks with the Soviet Union on a new long-term grain deal have been tentatively set for June 20 in Moscow. The word came on the heels of a two-day session in London to explore prospects of aReuter - 153 words
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177 1983-06-04 4 Reuter SCIENTISTS have discovered life forms that can grow at temperatures of 250 degrees Centigrade, a finding which may prompt a rethink on the possibility of life on other planets, the science journal Nature said. Until now, the upper temperature limit of environmentsReuter - 177 words
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272 1983-06-04 4 Reuter CONTINUED declines in oil prices may further strain the capacity of some countries to repay international loans but, on balance, lower energy prices are welcomed, US Treasury Secretary Donald Regan said. In a speech prepared for an address to the Council of the Americas,Reuter - 272 words
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Article1061 1983-06-04 4 VMM) B«rth Arrival Departure KEPPEL WHARVES Young Seagull 5 alongside 4.6/2300 H&nnoverl&nd 10/11 alongside 4.6/2300 Kota Banteng 12 alongside 4.6/1500 Pine Valley 25/6 alongside 4.6/0600 No 7 Donam 37/8 alongside 4.6/2300 Vlshva Anurag 47 3.6/0600 4.6/1800 Confidence 3/4 4.6/1100 8.6/2300 Equator IV 22 4.6/0700 5.6/0700 I Yermoshkin1,061 words
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287 1983-06-04 5 Reuter PHILIPPINE President Ferdinand Marcos has called for greater efficiency in promoting Philippine exports and a curb on spending on foreign exchange. In a directive to government ministries and agencies released on Thursday, he said they should prepare measures to attain balance ofReuter - 287 words
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211 1983-06-04 5 AP HUNDREDS of Filipino and foreign businessmen packed the ballroom of a suburban Manila hotel on Thursday night in a show of support for Philippine Prime Minister Cesar Virata amid rumours that he is going to be replaced soon. President Ferdinand Marcos admitted recentlyAP - 211 words
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274 1983-06-04 5 THE Australian Senate has defeated a government bill to recoup Ass7o million in revenue lost through corporate tax avoidance schemes. The bill was declared lost after a tied 30-30 vote in the Senate. Finance Minister John Dawkins said the government would not attempt to274 words
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Article715 1983-06-04 5 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TKO PAA PA5 0015 JFK/SPO/HKG FT FI71 0040 JFK/ORDANC NRT/TPE/KUL CAL CI331 0150 TPE MAS MH601 0820 KUL MAS MH6T1 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS MH603 1020715 words
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WORLD IN BRIEF
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Article430 1983-06-04 5 Agencies OFFICIALS of the US, the European Economic Community and Japan plan to hold an unofficial meeting in Paris on June 14-15 to discuss export credit guides lines, Japanese government sources said. The meeting will try to prepare the ground for official talks on the guidelines scheduledAgencies - 430 words
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398 1983-06-04 5 AP THE Reagan Administration sticks to its goals (or controlling trade with the Soviet Union outside the US, in spite of British and West German protests at the Williamsburg summit, US Trade Representative William Brock said on Thursday. But he toldAP - 398 words
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Article84 1983-06-04 5 Reuter PRESIDENT Reagan has asked the US Defence Department to review its rules on the export of technology to China. Department spokesman Benjamin Welles said the review is being carried out in conjunction with other government agencies with a view to implementing new regulations within 60 days.Reuter - 84 words
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227 1983-06-04 5 Reuter JAPANESE corporate recurrent profits in fiscal 1963, which began on April 1, are expected to rise an average 8.9 per cent from fiscal 1982, the first rise in three years, a survey by the Japanese financial daily Nihon Keizai Shimbun showed. InReuter - 227 words
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146 1983-06-04 5 Reuter WEST German real gross national product, measured in 1976 prices, fell an unadjusted 0.4 per cent in the first quarter of 1983 from the same quarter a year ago, the Federal Statistics Office said. Real GNP fell 1.1 per cent in 1982.Reuter - 146 words
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Page 4 Advertisements
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Advertisement350 1983-06-04 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 Triple Jump (FOR MEN ONLY) Long Jump 4_ High Jump -AJavelin Shot Putt Discus350 words
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Page 5 Advertisements
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Advertisement23 1983-06-04 5 Pan Am's 7475P Daily At 7.20 am To Hong Kong. It Flies Higher, So You Fly Smoother. Pan Am.You Can't Beat The Experience.23 words
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Advertisement1195 1983-06-04 5 An opportunity to acquire one of the most impressive stamp 1 collections of all time Edition strictly limited to 20,000 albums worldwide. A distinctive gold-blocked presentation album with library case' 227 new stamps in perfect mint condition from 58 countries. Exclusive commemorative black prints from Canada and the Falkland Islands.1,195 words
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Article545 1983-06-04 6 MAN CAME from a rocket. So did ants and elephants, guppies and sharks, algae and oak trees and other forms of life on Earth. It happened like this: Long, long ago, in a place far, far away, there was an intelligent civilisation bent on spreading545 words
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Article, Illustration1385 1983-06-04 6 JON WORONOFF - Japan has set itself a growth target of 5 per cent annually during the next decade in order to sustain its economy and ward off prospects of unemployment. JON WORONOFF, in the last of a three-part series, tells us why this goal is unrealistic1,385 words
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Page 6 Advertisements
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Advertisement159 1983-06-04 6 II you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space for you You'll be reaching a very select group of159 words
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Page 6 Miscellaneous
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Miscellaneous852 1983-06-04 6 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 9 Check, you say. and put back (9) 10 People at large are, to them, fools (3,6) 12 Don't keep in the outhouse (4) 13 Stop ordering round the bar maid (6) 14 From the island, is lunar orbiting (7) 15 Show how the salesman852 words
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Miscellaneous816 1983-06-04 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street: Children learn the letters Q and U and the number 7. 2.00 Shazam (Cartoon): The notorious criminal Aunt Minerva kidnaps Uncle Dudley with the intent of making him her husband. 2.25 Satifday Matinee Dalas Cowboys Cheerlead--4.05 ABC Wide World of Sports:816 words
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Article, Illustration1066 1983-06-04 7 BAYARD WEBSTER - By BAYARD WEBSTER NYT HOLDING a small feather in the tip of its bill, the heron patrols the edge of the brook, scanning the shallow water. Suddenly it freezes and focuses its attention on a small area of the stream. Then itNYT - 1,066 words
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Article, Illustration1349 1983-06-04 7 JUDY KLEMESRUD - By JUDY KLEMESRUD NYT tf>ENNIS Joyce is a 30-year-old utility company employee whose work consists mainly of reading meters and turning them off and on. "There is no challenge," he says of his job. "It is mundane." To put some excitement in his life,NYT - 1,349 words
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Article332 1983-06-04 7 ITALY is where you feel like a millionaire, a Singaporean recounted when he returned from holiday in Europe. He went on to explain how he spent tens of thousands of liras at every meal and how lodging and shopping cost him hundreds of thousands of liras.332 words
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Article711 1983-06-04 7 DAVID YOUNG - Expatriate Investment By DAVID YOUNG PLAYING the currency market is very dangerous. It can also be highly profitable. During the last few years, currency investment for the private individual has also become fashionable and there are about two dozen funds catering to the demand. The traditional711 words
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Page 7 Advertisements
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Advertisement183 1983-06-04 7 Ask someone who Pelt is and they might think you've just come from another planet. For Pelt is one of the most brilliant W players in football history. His tactics S and style are legendary wherever T soccer is spoken. Now here is the master in a fully illustrated no-nonsense183 words
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Page 8 Advertisements
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Advertisement796 1983-06-04 8 Where to wine, dine and entertain 3HH with the American Express Card BHjm If you don't already have the Card, call *****33 for an application form" SingaP^^ Buffet Dinner prepared $l£ Pf„£!£V <§^££x~ Lunn COFFEE HOUSE 2nd Floor Ro*d S«w' 001* r X Barons Table Sunday Brunch... you 'll love796 words
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Advertisement221 1983-06-04 8 m Let our i talented bands entertain you with sensational music while you up over a cool drink. 20% discount on aii drinks during happy hours {spm 7pm daily) Business hours: 11 00am to I.ooam on weekdays, up to 2.00 am on weekends i >-■ a §g§ eAimmmni menu. For221 words
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RAW MATERIALS
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Article275 1983-06-04 9 FLAT and featureless conditions ruled in a week punctuated by holidays here and overseas, which slowed down trading considerably and led to minimal turnover. Holiday, Cutler, Bath 4 Co saw! in in its review of the Singapore and Malaysian rubber markets for the week ended275 words
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289 1983-06-04 9 Reuter ABOVE normal rainfall last month in most of the world's major wheat growing regions considerably enhanced 1983 production prospects in some countries but was detrimental to yields in others, the International Wheat Council said. In its latest market report, the council said USReuter - 289 words
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167 1983-06-04 9 Reuter JAPAN will urge industrial nations to help stabilise the price of primary commodities produced in the Third World at a meeting of the United Nations Conference on Trade and Development (unctad) in Belgrade next week. Tokyo government sources said Japan plans to ask a numberReuter - 167 words
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Article241 1983-06-04 9 RUBBER prices in Singapore yesterday closed slightly lower with June One RSS buyers quoted at 222.00 cents per kilo, down one cent from Thursday's close, dealers said. Morning prices were slightly higher on light buying interest after an unchanged opening. Afternoon prices eased slightly on lack of buying support241 words
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Article88 1983-06-04 9 THE Malaysian Minister of Finance has fixed these rates for the period from June 2 until further notice: Robber: 237 1 2 cents a kilo for RSS One; Copra: M 5450.00 a tonne; Palm kernel: $955.75 a tonne; While pepper: $3.394.65 a tonne; Black pepper: $2,445.12 a88 words
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Article400 1983-06-04 9 RAS prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 221.50 222.50N 221.00 222 OON Int. 1 R.S.S. June 223.00 224 00 222.00 223 00 Int. 1 R.S.S. July 227 00 227.50 227 00 227 50400 words
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Article133 1983-06-04 9 NOON SSR u d SMR prices yesterday RAS SSR 20 SSR 50 <1 ton palleli (1 ton pallet 1 Juae (Current Mtbi Buyer* Sellers 205.50 207 50N 201 50 J08.MN July (Forward Mthi Buyers Sellers 206 50 208 50N 202 50 204 50N MRELB Jaae July SMRCV133 words
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Article193 1983-06-04 9 CHINESE Produce E*rhanße. SlnttipMT, noon closing prim per IM k« yesterday. Vmil »11: Bulk fob SI 17 00 sellers, old drum (in second hand drum) fob $130 00 sellers, new drum fob $134.00 sellers Copra: Mixed (loose) $68 buyers Pepper: Muntok white pepper fob Asia NLW $360.00 sellers,193 words
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Article197 1983-06-04 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton vara: China Blue Phoenix 20s 2.515; 32s 3,220. 40s 3.330 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Rower and Butterfly197 words
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Article193 1983-06-04 9 CHICAGO soybean futures closed nine to 11 1 US cents a bushel higher in active late trade on Thursday. July traded in a 6'«-cent range. Prices appeared to be due for a correction of the recent sharp downtrend, traders said. Early commission-house buying prompted local short-covering and boosted prices,193 words
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Article126 1983-06-04 9 THE Malaysian crude palm oil market closed higher yesterday on pre-weekend covering in quiet trading, dealers said. In the June position, South Region firmed Mslo to MsB3s per tonne and Central gained Ms 6 to MSB3O. The refined market saw RBD palm oil in June rise 50 cents126 words
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Article78 1983-06-04 9 THE STRAITS TIN price In Penang yesterday gained one cent to M 530.51 a kilo, still within the ITA lower range of $29.15 and $32.06, dealers said. Dealers noted the marginal rise was due to the buffer stock manager supporting the lower ore disposal of 263 tonnes, against78 words
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Article33 1983-06-04 9 Rubber: June 3 Singapore: June: 222.00 cents (down 1.00 cent) Malaysia: June: 243.00 cents (up 0.50 cent) Tin: M $30.51 per kilo (up 1.00 cent) 26 3 tonnes (down 363 tonnes)33 words
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Article193 1983-06-04 9 WHEAT futures in Chicago on Thursday ended 3 1 to 4 1 a US cents a bushel higher in light trade. July traded in a 3 l «-cent range. Trade was scattered and small lot throughout the day. Prices rose from the start on strength in other grain prices193 words
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Article978 1983-06-04 9 COFFEE: Robusta coffee futures yesterday ended a quiet morning between £24 and £12 a tonne above Thursday's close in traded positions. Dealers said prices ended around the morning's highs Light shortcovering and fresh buying came from trade and commission houses as many traders see upside potential at the978 words
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Article346 1983-06-04 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 104. 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.62, Special 0.56.346 words
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INTERNATIONAL STOCKS
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Article149 1983-06-04 9 JUNE 02 Abttlbl C$ 23 Hud Bay Mm Imp Oil its 34^. 4 4 314 Int Uts 28 314 Intl Nickel 184 Bank Nova Scotia Bell Tel 44 26 S unch Kerr Add 194 -4 BP Can Lid 244 unch Massey P'erg 64 unch -4 Mc Blodel Molson A149 words
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Article1439 1983-06-04 9 A STRONG rally in the final minutes of trading on Thursday pushed stock prices to their highest level of the day, as investors apparently set aside fears about the direction of interest rates. The Dow Jones Industrials Average gained 9.23 points to close at 1211.441,439 words
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Article214 1983-06-04 9 JUNE 02 FIs ABN MO 00 4 Ahold 141 00 -2.2 Akzo 5740 unch AMEY ***** -15 Amfas 72 10 -0 1 Amrobnk 54 30 0.8 BMBHI Berk 26 00 Bois S3 70 -3-3 Borsucer 149 00 unch Bosk a 46 00 -03 Burtet 42 70 -08 Caland 31214 words
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Article219 1983-06-04 9 JUNK 02 Frs GROl P B Carrefour 1311 1 CORBEILLE Financiers de LX'nion 65 20 -08 Air- Liquid** 46? 4 7 Lafarge M 7 B S N Orvais Moet-Hennessy 1179 -6 I fen one 1785 15 Opn-Paribas 131 30 -18 C S r [Thomson Penarroya 42 10 unci Call219 words
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Article102 1983-06-04 9 JUNE 02 Lirr BaMogi 189 2 Bel -.150 Central#* fHd 1756 Cond Argua Konia 150 -2 Eridania 7830 120 Plat (>rd 2R27 -18 Generali mm -425 om llfiO -.10 Ifi Pru 470f» -70 1 ri v»*v| 224(1 -35 Italrrmenti C>rd 4.1000 -1200 Mpi 19 I-r petit Ord 2S500 .100102 words
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Article191 1983-06-04 9 JUNE 02 Francs Actions Sullies 283 Alusutsse Br 733 ♦13 Alusulsse Reg 251 *2 Brown Borerl Br 1280 unch Clba Oel»j Br 1800 -15 Clba Geigy PC1500 10 Clba Geigy Reg 788 -2 Credit Suisse Br 1875 unch Credit Suisse Reg 381 -1 Elektrowalt Br 2575 -25 George Fischer191 words
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Article86 1983-06-04 9 JUNE 02 Frs Gr Bru Lamb 1950 -20 Hobok 4780 -40 FORWARD MARKET Petro 5260 -30 Ryl Dutch 2105 -10 Acer 570 -14 Arbed 1078 8 Sidro _> 1515 -15 Astur 430 -30 Sot Gen Belg 1645 -35 Bra&can 1354 Sofina 4620 unch Solvay A 2700 -10 1820 2586 words
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Article182 1983-06-04 9 JUNE 02 Rand INDUSTRIALS Trust Bk Un Steel Unisec Wool worth 167 90 530 1300 unch unch -10 unch A Alpha Abercom AE And CI Amaprop 940 295 960 500 -10 -2 -10 MININGS AMIC 3300 Barlows 1305 5 C G Smith 2500 Buffels CNA 1575 50 380 unch182 words
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Page 9 Advertisements
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Advertisement11 1983-06-04 9 See page 11 for Asian stocks Frankfurt was closed on Thursday11 words
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3692 1983-06-04 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified All Times Settlement Contracts are quoted after3,692 words
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Article204 1983-06-04 10 SINGAPORE UNIT TRUST DIAMOND MOT 8TOKI E (Miaft|wi' prtui tor Jn (MaHaM 1 pitas* tar Jaae i Mt) The Commerce 3 41 3 62xd May June The Savings Fund 202 214 Diamond S pore Prog Fund 1 56 i.e Spore Fd(USI) 0.56 058 S pore See Fund 2204 words
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Article3459 1983-06-04 10 1983 High Low Company Last Sale orGr'a Div Div Cvr Gr*« Y'ld Net P/B Vol (*000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 342 206 306 410 119 272 245 208 645 520 535 1400 535 340 545 870 388 472 1040 290 950 680 2753,459 words
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Article2178 1983-06-04 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified IMM'SnUALS AWm (3 588 3«0S) (8) 366 (16) 362 (42 364 (11)2,178 words
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Article809 1983-06-04 10 SHARE prices pressed strongly ahead »1 the teal stock market yesterday. Investors mslntalaed bayIng pressure almsst throughoat the day, wttk Interest facaased mainly an blae-chlp stocks. The all-sector Basinet» Times Campari te Index climbed 9.15 paints to 932.79 and the Straits Times Ind astrial Index galaed 8.53809 words
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546 1983-06-04 10 THE Kuala Lumpur stock market yesterday closed the week on a bright note as share prices continued to advance across the board. The New Straits Times Industrial Index gained 12.96 points to 1319.07. Total turnover rose to 12.71 million units valued at M 551.26546 words
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COMPANY NEWS
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593 1983-06-04 11 NAJEEB JARHOM - By NAJEEB JARHOM PAN Malayan Holdings Ltd has disclosed that its 96 per cent-owned subsidiary, Greenery Pte Ltd, will soon begin the construction of a 124-unit condominium project at Duneam Road/ Rifle Range. This project was delayed when the government clamped an additional land593 words
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Article72 1983-06-04 11 Reuter TRAFALGAR House PLC must raise its bid (or Peninsular and Oriental Steam Navigation Co PLC (P&O) before it can expect a serious response from the P&O board, managing director Oliver Brooks said. Brooks was commenting on Trafalgar's offer document, issued on Thursday. P&O had earlierReuter - 72 words
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Article155 1983-06-04 11 Reuter HARRISONS and Crosfield PLC has reported lower pretax profit of £44.47 million (£47.24 million) for 1982. Turnover, however, rose to £912 million from £814 million previously. Earnings per share came to 44.3 pence (37.1 pence). It has declared a final dividend of 23.5 pence,Reuter - 155 words
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Article126 1983-06-04 11 APOLLO Enterprises Limited: Fifteenth AGM to be held at the conference hall, 18th Floor, Apollo SingaporeHotel, 405, Havelock Road, Singapore, on June 3, at noon. LIEN Hne Industries Berhad: Fourteenth AGM to be held at the conference room. Tropical Inn, 16 Floor, Johore Tower, Jalan Gereja, Johore Bahru,126 words
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338 1983-06-04 11 Reuter JARDINE, Matheson and Co Ltd has no intention of selling its controlling 52 per cent stake in Rennies Consolidated Holdings Ltd. Rennies chairman and chief executive Charles Fiddian-Green said: "As a director of Jardines I can state categorically there are no plans for JardinesReuter - 338 words
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Article, Illustration821 1983-06-04 11 CHRIS LIM - feJHE MONTH "that WAS By CHRIS LIM AFTER four months of almost relentless upsurge, the Singapore stock market stumbled a little in May. But before the month was out, the market had picked itself up somewhat to resume its run. The minor correction821 words
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Article1171 1983-06-04 11 Carreat Ex B**ka Date Tatal tor Tatal for API Paymeat 3%TE(b) Date Jun 13 Claae Jun 23 Payable Aug 1 tke year 3%TE Prevteaa yi 2.3%TE(a) Aetna 7*% Jun 16 Jun 23 Jul 15 7*% 21.7% AakMnte 7*%<b) Aug 11 Aug 18 Aug 31 7W% April* Alf 5%1,171 words
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ASIAN STOCKS
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Article429 1983-06-04 11 HONGKONG STOCKS yesterday closed slightly easier in quiet trading with the Hang Seng Index ending 3.74 points down at 915.60. The market was still Overshadowed by the weak Hongkong dollar and high local interest rates, brokers said. Leaders generally softened with Cheung Kong easing five cents to429 words
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480 1983-06-04 11 HEAVY end-morning selling of pharmaceuticals yesterday erased gains in blue chips and populars. Share prices closed slightly lower on balance, dealers said. The market average lost 6.90 to close at 8,510.96 on a volume of 300 million shares. The Tokyo Stock Exchange Index closed 1.33480 words
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Article150 1983-06-04 11 STOCKS closed slightly higher yesterday in selective trading at the Securities Exchange of Thailand, dealers said. JUNE 03 Baft la A ok ham Thai Alia Fibre Ayuthaya In* And Tru«t 134 -1 Bangkok Bank Bank Of Ayudhaya 282 unch Ltd ISO unch Bate Shoe Berll Jucker 303 unch Charoonf150 words
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Article354 1983-06-04 11 SHARE prices closed higher yesterday in moderately active trading, with the sharpest gains posted in the mining and oil and gas sectors, following good gains overnight on Wall Street and in world gold prices. JUNK 03 Cenu A INDUSTRIALS A C I 142 -1 ANT 246 -7 A P354 words
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Article110 1983-06-04 11 JUNE 03 Pesos Aco)* Mining Anglo Phil HI 0AM unch Apex Mining 8 OfllJ unch Atlu Con B «0 -Oi Bagulo OoM 0 0031 -***** Bade Petroleum 0 008 unch Benguet Coo B CDCP H as oo 2 unch Flnt Phil Hldgs "40 *0.1 Lepanto B 0 13S0 -0110 words
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Chief Price Changes
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Article167 1983-06-04 12 Rises Indices Metro HMgi 1090 50 June 2 Eaao 1040 50 June 3 M Banking Utd Malacca Raleigh Public Bank 975 570 350 1130 50 50 44 30 BT Composite: BT Indicator: ST Industrials: 923.61 *****0 944.36 932.76 *****0 952.89 Tti Ckong 780 30 ST Finance: 2467.32 2488.14 Hume167 words
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Article, Illustration156 1983-06-04 12 Rites Indices H L France 570 +70 May 30 June 2 M Banking 1080 60 Raleigh 390 44 MBT Index: *****18 Unav Taiptag Con 530 40 NST Industrials 1306.11 1319.07 Syn Resins 420 37 NST Finance: 2368.55 2401.42 NSOP 364 32 NST Hotels: 659.51 658.64 C A C156 words
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Article50 1983-06-04 12 H.K.HANG SENG Friday 915.60 Thursday ***** Week Ago 013.00 Thursday 610.2 Week Ago 615.0 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 608.7 Wednesday 704.6 Week Ago 706.2 Friday 754.5 Thursday 753.1 Week Ago 750.8 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Friday 813.0 Thursday 1211.44 Wednesday 1202.21 Week Ago 1223.5050 words
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Article269 1983-06-04 12 SEMBAWANG Shipyard Ltd has appointed Mr CN Watson as group chief executive and Mr Lim Cheng Pah as managing director from June 1. o o o PREMIUM Holdings Bhd is recommending a final dividend of 6 per cent less tax to be paid on July 9 to shareholders269 words
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Article58 1983-06-04 12 SANYO Imdustrtem (Malayaim) Bhd kM reported a net after-tax profit of M$23t,284 la 1182 ($641,879 previously) m a turnover af $51.21 milUaa ($54.85 miWea). Director* are reeemmeudiag a lower drat aad flaal dividend af 8 per eeat tax exempt (12 per eeat), which, If approved at the AGM aa58 words
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414 1983-06-04 12 PEGI Malaysia Bhd, the single largest shareholder in Dunlop Holdings PLC, is expected soon to field two representatives on the board of the UK-based conglomerate. Pegi has publicly indicated its unhappiness with the running of the British company and a representation on the board would414 words
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693 1983-06-04 12 DUNLOP Holdings* overseas subsidiaries and associates, which are already as valuable as its UK market capitalisation, is one reason why it has attracted so much interest lately, according to Investors Chronicle, a weekly British business magazine. In its latest issue, the magazine693 words
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Article843 1983-06-04 12 SHARE prices yesterday drifted to close mainly lower after a day of very quiet trading, dealers said. At 3pm, the Financial Times index was down 2.7 points at 696.0. The UK election on June 9 and lower sterling combined with weekend Influences to deter investor tnvolement and price843 words
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279 1983-06-04 12 IN SPITE OF the economic downturn, Fima Metal Box Bhd has recorded a 17.82 per cent rise in group pretax profits to M 57.41 million for the year ended March 31, 1983. Audited results just released show that turnover rose by 7.1279 words
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579 1983-06-04 12 CHRIS LIM - oiiiiia Companies Editor: Mano Sabnani By CHRIS LIM ON THE evening of June 16, some of Singapore's most prominent entreprenuers, bankers and stockbrokers will be gathered at the Mandarin Court of the Mandarin Hotel. The occasion the Stock Exchange of Singapore's 10th579 words
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Article418 1983-06-04 12 NAJEEB JARHOM - By NAJEEB JARHOM PACED wtth Mhtag ridershlp, Stogapere Baa Set flee (1918) Ltd Is actively parsalag eppertaattles to diversify. As a first step, the eempaay will be pattlag M toils sb the reads la toe earning msaths. Tbere arc alss ptoas to expaad toe tozl fleet as418 words
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Page 12 Advertisements
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Advertisement104 1983-06-04 12 INVESTMENT ANALYST International Stockbroker A new position of Investment Analyst is to be established in the Singapore Office of James Capel (Far East) Limited. The candidate should possess the necessary academic qualifications, which should include one or more of the following: Accountancy Economics Business Administration He or she should have104 words
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Advertisement194 1983-06-04 12 Make it your business to be part of cRp &5 The First International Technology Exhibition for Asia 6 9 September 1983 World Trade Centre Singapore. Asian Energy *83 is Energy Generation, Distribution, Conservation and Alternative Energy Sources. It is estimated that in the rapidly expanding ASEAN and S.E. Asian Region,194 words
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Page 12 Miscellaneous
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Miscellaneous63 1983-06-04 12 OIHLOOK tor today: Fair; showers in a few areas in the late morning and early afternoon. Bepart for 24 haws prtor to 7Jt pan m Jim S at the airpart: Maximum temperature 32.7 Associated humidity 61 Minimum temperature 25.0 Associated humidity 96 Hours of sunshine 9.60 Rainfall in millimetres Nil63 words
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