The Business Times, 3 December 1983

Microfilm: NL14356
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, DECEMBER 3, 1983 60 CENTS
    11 words
  • Article
    NCB working on ways to improve computer security
    402 1  -  RAMESH CHANDIRAMANI THE National Computer Board (NCB) is working towards industry standards on computer audit, security and control. Dr Tay Eng Soon, Minister of State (Education), said this yesterday during the opening ceremony of the 9th Conference of Singapore Accountants on "The
    402 words
  • Article
    Changes to enhance HDB neighbourliness
    186 1 PLANNING concepts in new HDB housing estates will be modified to foster a greater sense of community development among residents. The changes are being made after a recent review of HDB's shopping facilities in its new towns. Modifications will take place at three levels precinct,
    186 words
  • Article
    King passes all Bills but one
    545 1 MALAYSIA'S Deputy King, standing in for the King who is indisposed, has signed into law all Bills except the controversial Constitutional Amendment Bill, thus allowing the normal process of government to continue while buying time for a solution to the constitutional crisis. Time appears
    545 words
  • Article
    Credit card verification telephone service
    132 1 TELECOMS is introducing a new data terminal, called the Credit Card Authorisation Telephone, into its network. This data terminal is an enhanced telephone instrument with an in-built magnetic reading facility, which enables the identification and transmission of a credit/bank code registered on the card. The
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  • Article
    Cars sold for as little as $200 at PWD auction
    458 1  -  By LISA LEE CONTRARY to present day expectations, some cars can be bought for as little as $200. At least this was the price of an old Ford Cortina with registration number EA1407, sold at an auction yesterday. A BMW
    458 words
  • BRIEFLY...
    • Article
      Lock icon Aquino enquiry
      78 1 AFP A SOLDIER yesterday said he saw no gun in the hands of a fallen man alleged to be opposition leader Benigno Aquino's killer, but fired at the man because a fellow trooper was doing so. Airman first class Cordova Estelo told a board investigating the Aug 21
      AFP  -  78 words
    • Article
      Lock icon Trial for 62
      82 1 AFP ABOUT 62 top executives and customers of the French Paribas merchant bank are scheduled to go on trial in Paris on Monday on charges of illegally exporting capital to Switzerland. Those charged include Pierre Moussa, former Paribas president, and directors Daniel Rouchy and Jean Peynichou. Another
      AFP  -  82 words
    • Article
      Lock icon Anti-personnel mine
      60 1 Reuter A SMALL explosive device was found yesterday in the compound of the US Embassy in Manila. An Embassy spokesman said Philippine army experts defused and removed the device, which police described as an anti-personnel mine. Security guards found the device in the motor pool of the Embassy.
      Reuter  -  60 words
    • Article
      Lock icon Orderly exports
      61 1 Reuter THE Japanese Agriculture Ministry has asked Japanese flour mills to ensure their flour exporting is orderly, ministry officials said. The order follows a complaint by Singapore flour extorters in mid- 1962 that Japan was dumping flour abroad. The officials denied the complaint but said Japanese flour mills
      Reuter  -  61 words
    • Article
      Lock icon Aftex databank
      62 1 Bernama THE Asean Federation of Textile Industries (Aftex) is to set up a databank to compile, process and exchange information among members, the federation announced in Bangkok yesterday. Aftex said that the computerised network would facilitate a wide range of activities, including better coordination in the search for
      Bernama  -  62 words
    • Article
      Lock icon Relief aid
      66 1 UPI JAPAN said yesterday it will provide Vietnam with US$lOO,OOO in storm disaster relief aid. Foreign Minister Shintaro Abe said the decision is for humanitarian reasons and does not indicate a change in the government policy of witholding aid to Vietnam. A series of typhoons and tropical depressions
      UPI  -  66 words
    • Article
      Lock icon Korean budget
      86 1 Reuter SOUTH Korea expects to record the first budget surplus in its history in 1984, a parliamentary spokesman said. The 1984 budget approved by Parliament yesterday envisages a surplus of 580.4 billion won (US$73O million), the spokesman said. The 10.386.3 billion won budget is 0.3 per cent smaller
      Reuter  -  86 words
  • Article
    Lock icon Manila's Foreign Minister resigns
    249 1 Reuter, UPI Reuter, UPI PHILIPPINE Fsrelga Mtolstor CtriM R*mai«, saee dricrlM by M AmriMa ■iiwp>iM m the hiiwt et the Minn gsveramMt, yesterday nknlttei hla rMisaatlM, aaytog hla talltog health aright Mt altow htm to live toag. Mr Bamato, M, whs haa heM the Ftreiga Mlatotor
    Reuter, UPI  -  249 words
  • Article
    RAFFLES PLACE
    76 1 IN Business Times on Nov 24, it was stated that the URA had decided to preserve the former Mercantile Rank Building in Raffles Place. An official spokesman for the authority has since informed us that this is untrue. We did not check the original story with the URA.
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  • Article
    Package of good news from Times Pub, STP
    513 1  -  By CHAN OI CHEE IN LINE with market expectations, Times Publishing Bhd and The Straits Times Press (1975) Ltd have unveiled a package of good news for their shareholders. The two listed companies in the Times Organisation have announced higher dividends and
    513 words
  • Article
    Speculation on Australian dollar
    274 1  -  By FLORENCE CHONG in Sydney SPECULATORS channelled billions of dollars into Australia yesterday in anticipation of a revaluation of its currency. The flood of money came in spite of measures by the Reserve Bank of Australia to dampen the speculation by lowering the trade-weighted index of
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      Page 1 Advertisements Column 1
      246 1 Sporex-Asia '84 S.E. Asia sth International Exhibition of Sports Equipment Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 iKBQDS EUROPEAN Brazilian Bank, the Londonbased consortium bank with total assets of US$l.l2 billion, is holding out against contributing its share of about $100 million to the
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      Page 1 Advertisements Column 2
      44 1 Your Gu*de to ft* USSR AEROFLOT .W-ut-r .itrUn.-1 Singapore Otlne <•<> Market Street. SOI-00. Sinsov Building. Singapore 0104 Id <W| I lines) Kuala I umpur let 423*"*1 Auckland lei 7 ")62tW Hanj-ki.k lel S\dno Tel: *****b ****** Man.la le! *VM|l Kh7?<i6 Adelaide Tel *****44 2237*17
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      Page 1 Advertisements Column 3
      98 1 Leisuretime. JK Boat-Asia '84 flk S E Asia 4th International Exhibition of Boats. Pleasure Crafts Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 Hongkong Bank MasterCard Gold. The Summit of Achievement. M <1 r v A response which signifies the recognition of the highest success
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  • BANKING AND FINANCE
    • Article
      Lock icon Bank refuses to take part in Brazilian loan
      514 2 FT EUROPEAN Brazilian Bank, the London-based consortium bank with total assets of US$l.l2 billion is holding out against contributing its share of about US$lOO million to the $6.5 billion loan Brazil is seeking from its commercial hank creditors. Its reluctance to participate
      FT  -  514 words
    • Article
      Lock icon Rise in international market borrowing
      212 2 Reuter BORROWING on international financial markets totalled just over US$lO billion last month, up from $8.8 billion in October and roughly matching the November 1962 level, the Organisation for Economic Cooperation and Development (OECD) said. Preliminary figures released in Paris showed that OECD countries raised
      Reuter  -  212 words
    • Article
      Lock icon bANK NOTES
      671 2 Reuter BANK of China (BOC) has acquired an undisclosed shareholding In the Tai Fung Bank, the third largest private bank in Macao, Tai Fung manager Tarn Kee said. He said BOC will appoint senior officials to Tai Fung's board of directors in the near future. However, he declined
      Reuter  -  671 words
    • Article
      Lock icon Argentina obtains first part of US$1.5bn loan
      305 2 UPI ARGENTINA has received the first US$5OO million of a $1.5 billion bridge loan and has paid an overdue $350 million on a $1.1 billion bridge loan granted last December. The chairman of the Bank Advisory Committee, William Rhodes of Citibank, said payment
      UPI  -  305 words
    • Article
      Lock icon Dealers in Tokyo not sure of new yen uptrend
      237 2 Reuter TOKYO foreign exchange dealers are unable to say whether the yen is on a fresh uptrend against the dollar. Many feel it is too early to detect a new trend and attribute the Japanese currency's upswing to heavy liquidation of
      Reuter  -  237 words
    • Article
      MHT expects to make impact in merchant banking
      290 2 MERCHANT banking will be a major growth area for Manufacturers Hanover Trust Company (MHT) in the future, thanks largely to its strong base in Hongkong and London. President of Manufacturers Hanover Corporation (MHC), Mr Harry Taylor, told security analysts in New York
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    • Article
      Lock icon Sumitomo issuing fixed yield gold certificate
      161 2 Reuter SUMITOMO Bank Ltd will introduce Japan's first fixed yield gold investment certificate this month. The bank said this would ensure that investors get capital gains in gold trading. The new instrument is possible since the Finance Ministry now allows hank* to engage in
      Reuter  -  161 words
  • MOMEY AND EXCHANGES
    • Article
      PLR
      22 2 THE average rate at which major Singapore bank* are currently prepared to lend to their beet customer* is 8.06 per cent.
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    • Article
      ASIAN $
      174 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Dec 2: UtM tn Otttt BM 7 day* 9* M 1 month H IH 2 month* 01V14 U/M 3 months •H H 6 month* 101/14 14/14 6 month* 10H 14* 12 months 107/14 Ml/11 Dm 1 hwFrm. 1 month
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    • Article
      Discount
      46 2 RANGE at prt m aOet *d by discount hoi mm on Dec S: Overnight: 1 Call deposits: 1-1 Clisii 3-month Bartnc Treasury bills 2H 2H 5-month Bank bills 7* 7* 3 months CD 7S/16 7 3/16 6 months CD 75/16 7S/16 Source: National Discount Co
      46 words
    • Article
      Treasury bills
      41 2 RESULTS of trader held yesterday for 91-day Treasury bills. Offend: »30,000,000 Aapfled tar: $230 900 000 AlMed: $120,000,000.' Accepted bids: $99.34 approximately 4 per cent; higher bids in full. Average rate af ttwiit m 2.610 per cent per annum.
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    • Article
      London
      81 2 THE dollar was marginally weaker against the mark but slightly firmer against moat other currencies in a very quiet end-of-week market opening yesterday. Opening quotes yesterday: US -I.4SW/75 Cut 1.8073 106 Ot*i 1.1419 '8 D Mk 3 «H0 /75 D FJ 4 «075/1» s rt um/am B Fr coo
      81 words
    • Article
      Singapore market
      499 2 THE market was quiet yesterday, with attention being focussed more on gold. The dollar weakened against the yen, but remained firm against the other major currencies. Against the local unit, the dollar opened at 552.1295/05. It fell to a low of $2.1280/90 and recovered slightly In the afternoon.
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    • Article
      Tokyo
      166 2 THE dollar yesterday closed slightly lower at 232.65 yen against the 232.90/233.05 New York finish on liquidation of long-4io Liar positions and selling by the Soviet Union. The dollar rose initially on commercial demand and short-covering, but moderate selling in thin pre-week-end business later pushed it down against the
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    • Article
      Gold
      278 2 GOLD futures in Singapore yesterday firmed in late afternoon trading on shortcovering influenced by the rise in overseas markets. Trading was light with total sales for the day recorded at 157 lots and kerb volume at 74 lots. Prompt closed firmer at US$4O3/405 an ounce against $400/401 in New
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    • Article
      Silver quotes
      38 2 New York 9 858 9 606 9 70S IBS Zurich S.«B >728 9.53S |M 177S Singapore m #.71B 9.5SB 9T8S 9 SIS Closing prtc set in US dollars a troy ouae t. Source: Credit Suisse, S'pore
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    • Article
      Hongkong
      77 2 THE US dollar was narrowly mixed in very quiet late, trading yesterday, with thei basic undertone still firm. 1 Banknote rates yesterday: (HK per 1): US 7.79 7.81 UK 11 JO -11.40 Brunei 3.64 3 66 W Germany 2.87 2.89 Malaysia 3.32 3.34 Philippines 0.41 0.44 Singapore 3.65 3.67
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      Page 2 Advertisements Column 1
      127 2 >•••# > j i.': S •a mm i ■MQjH MSSSe#^ f: 1 .1 r k IT r* x /i t•p# m ■wappr PM*. #i 'U4| 4^ Tul FjJKSR 1 Kv <*&3 3r '">>4 »j v- yj fo r w~Watch A Jewelry Lucky pi«» #01-20 r«. *****20 Ontre #01-11 T« *****79*
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  • HOME NEWS
    • Article, Illustration
      Blaster air cannons to clear cement silos
      359 3 ONE OF Singapore's cement manufacturers, Ssangyong Cement, is using air cannon systems to blast away cement piles in its silos to improve storage capacity. The Big Blaster air cannon systems, costing $150,000, literally blow away bulk material accumulated in the silos which would
      359 words
    • Article
      Training is also every manager's obligation
      365 3 SINGAPORE companies must change their concept of "training being a specialised function of the personnel and training department". Professor S Jayakumar, Acting Minister for Labour and Minister of State (Law and Home Affairs), pointed this out at the National Productivity Board (NPB) annual certificate
      365 words
    • Article
      Santa will not be answering requests for Cabbage Patch
      452 3  -  By RICHARD SEAH CHILDREN here wanting an ugly rag doll named Cabbage Patch for Christmas are likely to be disappointed. So will department stores looking for the sensational new toy which incited near rioting, bribery and "dollnapping" in the United States
      452 words
    • Article
      Good response to exhibition on home appliances
      382 3 THE Domestic Appliances Exhibition at the World Trade Centre has attracted a fairly good amount of interest from local and overseas buyers. Mr KS Wong, marketing manager of the organising company Techno Trend Pte Ltd, said that interest was strong during the four
      382 words
    • Article
      Hawker licence fees to increase next year
      258 3 HAWKER licence fees for cooked food, piece and sundry goods as well as market produce will be increased with effect from Jan 1, 1984. The new fees for hawker stalls in markets or hawker centres selling cooked food will be raised from the
      258 words
    • Article
      TI still has interest in computer business
      179 3 TEXAS Instruments has clarified that it is not withdrawing completely from the computer business. Confusion arose after the company made an announcement two months ago that it had decided to withdraw from the home computer business. Customers, local and foreign, mistook this for
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    • Article
      MEMO PAD
      399 3 SEMINARS AND COURSES Dec 3: Receptionist Workshop. POD Training Centre at Waterloo Centre, Secretariats and Meetings Pte Ltd Dec 5-7: Technical Analysis and Charting, Hyatt Regency Hotel, Asia Link Financial Services Ltd Dec 5-8: Profitable Negotiating, Consult Management Services, Consult Management Services Pte Ltd Dec 7-9: Interpersonal Managing
      399 words
    • Article
      Contractors urged to liaise with financiers
      424 3  -  By LISA LEE PROFESSIONAL consultants often take a dim view of the financial needs of contractors and fail to appreciate the importance of maintaining a positive project cash flow. This could result in the contractor being unable to use a particular method of construction
      424 words
    • Article
      TRADE TALK
      415 3 APPLE Computer has announced that 165 software companies worldwide are developing applications software for the Lisa personal computer. Initial software offerings will be aimed at customers in the office market and smaller businesses which require accounting, inventory and other specialised applications. Development of applications software for the Lisa
      415 words
    • Article
      Sime-CAP looks for expansion opportunities
      395 3  -  By CHAN MAY PENG SIME-CAP Information Systems, a Joint venture between Sime Darby Systems and the UK-based CAP group, has been doing well since it started operatons in March this year. Mr Brian Elson, chairman of Sime-CAP in Singapore, and Mr Barney Gibbens, chairman of
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      158 3 THE AMERICAN CLUB OF SINGAPORE PROJECT MANAGER FOR BUILDING PROGRAM For the duration of the project, either an individual or an organization is to be retained to provide project management for a major building program on the present site of the club. Duties would include the coordination of the architect/engineer's
      158 words
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      Page 3 Advertisements Column 2
      3 3 Editorial... page I
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    • Advertisement
      Page 3 Advertisements Column 3
      91 3 If golf's your game, Fan-West's m the name... at Centrepoint. Now in the heart of the city you can get all the. 1 winning names in golf gear and accessories under one roof. Pan West Centrepoint. There's also a fine selection of equipment for all game's. Drop by and browse
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  • OVERSEAS
    • Article
      Lock icon I'll quit only if Reagan wants me to says Feldstein
      881 4 NYT MR MARTIN Feldstein, chairman of the Council of Economic Advisers, under heavy pressure at the White House to end his public campaign for higher taxes to reduce prospective budget deficits or resign, said on Thursday: "If at any time
      NYT  -  881 words
    • Article
      SHIPS IN PORT
      1072 4 VhmI Barth Arrival Departure MARINA WHARVES KEPPEL WHARVES Bunga Tanjong Jenhol Lampung Meadowbank Nan Tao Sea Carrier Sea Rejoice Mekar Indah MW2B alongside 3.12/2359 31/2 22 45A 3/4 15/6 46 28 alongside alongside alongside alongside alongside alongside alongside 3.12/0700 3.12/2000 3.12/0600 3.12/1100 3.12/1830 3.12/0600 3.12/1500 Usaha Subur
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    • Article
      Lock icon Anti-missile Danes win in Parliament
      351 4 Reuter DENMARK has become the second Nato member, alongside Greece, to oppose alliance plans to site new US medium-range nuclear missiles in Western Europe The Danish centre-right government, outnumbered by an anti-missile majority in Parliament, bowed on Thursday to opposition demands and agreed to reserve
      Reuter  -  351 words
    • Article
      Lock icon Columbia crew studies the stars
      341 4 Bernama EXPERIMENTS rtMrd the orbiting spare shuttle CMibH» f•eased ea the stars yesterday bat hack aa Earth space effldals were still Mashlag after eantmaaleattaas prebtems all bat aeattled a shaweaae preas eaafereace with the crew. The six crew members, lata the fearth day ef their
      Bernama  -  341 words
    • Article
      Lock icon Hussein dismayed by US-Israel accord
      355 4 NYT KING Hussein of Jordan on Thursday described the political and military agreements reached by Israel and the United States this week as dismaying, and said they would hurt American credibility among the moderate Arab governments. He also confirmed that he had received a letter
      NYT  -  355 words
    • Article
      Lock icon Meetings will reveal Andropov's position
      388 4 UPI THE Soviet leadership will convene at the end of this month for meetings expected to reveal the extent of President Yuri Andropov's grip on power and his ability to run the country. The official Soviet news agency Tass said on Thursday the presidium of
      UPI  -  388 words
    • Article, Illustration
      Lock icon Bundestag clears way for charges against minister
      463 4 Reuter THE West German Bundestag (Parliament) formally lifted political immunity from economics minister Otto Lambsdorff yesterday, clearing the way for corruption charges to be brought against him. The list of charges, in which Count Lambsdorff, 56, is accused of accepting bribes on behalf
      Reuter  -  463 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      784 4 ARRIVALS Service Local Operator Number Tine From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQ11 0110 LAX/TYO CAL CQ31 0150 TPE PAA PA5 Q225 JFK/SPO/HKG BIAS MH601 0820 KUL cv CV796 0900 LUX/DXB MAS MH671 0905 KUL sv SV396 0910 JED/RUH MAS MH81I 0910 PEN SIA SQ103 0960
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    • Article
      Lock icon EEC body expects low demand for steel to continue
      389 5 FT STEEL demand was not likely to increase very much despite the recovery in the European Economic Community (EEC) economy, expected to last into the third quarter of next year, the European Commission said on Thursday. Continuing low demand underlines the
      FT  -  389 words
    • Article
      Lock icon Latecomers worsen biggest-ever UN work backlog
      337 5 Reuter TARDY delegates, windy debates and unplanned political developments have caused the biggest backlog of General Assembly business in United Nations history, according to officials. They said that at a closed-door meeting on Thursday, Assembly president Jorge Hlueca of Panama had protested to leaders
      Reuter  -  337 words
    • Article
      Lock icon Vatican on treatment of 'moral disorders'
      376 5 AFP THE Vatican on Thursday appealed for greater leniency in dealing with masturbation and homosexuality but withheld moral justification for the acts. In a 40-page document entitled "Educational Guidance in Human Love Outlines For Sex Education," the Congregation for Catholic Education called masturbation a
      AFP  -  376 words
    • WORLD IN BRIEF
      • Article
        Lock icon CURBS MAY BE LIFTED
        509 5 Agencies GOVERNMENT controls that covered two-thirds of all French prices would be lifted at end-1984 if the inflation rate dropped to five per cent, finance minister Jacques Delors said in an interview on Thursday with the weekly Nouvel Economiste. On the eve of nationwide wage talks
        Agencies  -  509 words
    • Article
      Lock icon Spanish restructuring could cost 60,000 jobs
      431 5 FT SPAIN'S Socialist government will spend US$6 billion to restructure and develop lame duck industries over the next three years and has indicated that up to 60,000 jobs could be at stake. This is over two per cent of the country's industrial work force.
      FT  -  431 words
    • Article
      Lock icon Iraq doubts that Iran will block straits
      285 5 UPI IRAQI President Saddam Hussein said in an interview published yesterday that he did not believe Iran would carry out a threat to block the strategic Straits of Hormuz in the Persian Gulf, but even if it did, the blockage would not last
      UPI  -  285 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      104 5 The Hour Glass presents SI BA Diamonds with The Pair of Faith. The worlds only pair of D colour internally flawless pear-shaped diamonds weighing 64.01 carats. The latest inclusion in the GlA's edition of 'Diamonds: Famous, Notable and Unique' r n--1 M V, i Hi > ▲.1 lV r. V
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  • Article
    Babies hitting the headlines
    521 6 BOTH are cute. One may cost the French government a fortune. By offering a high price, the French government hopes to encourage its people to produce a few million of them quickly enough. The other costs $18 in the United States. There, thousands queue up for
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  • Article
    Lock icon Softer US stance on regulation
    672 6  -  By MARTIN TOLCHIN NYT PERHAPS they are merely straws in the wind, but some recent actions by the Reagan administration suggest the White House may be rethinking, or at least moderating, its regulatory policy. President Reagan came to town with a commitment to "get the
    NYT  -  672 words
  • Article
    Only Scotts knows how it happens
    468 6 CHRISTMAS is said to be "happening" at Scotts. How Christmas can ever happen, only Scotts knows. But in all department stores, Christmas probably happens when carols and songs of similar mood are played over the air. This is all very nice for shoppers who
    468 words
  • Article
    Time to revamp tax planning
    855 6  -  EXPATRIATE INVESTMENT By DAVID YOUNG FRIDAY, Nov 18 may be remembered as the day the expatriate financial advisers all had to start learning some new tricks. The old ways of tax planning via offshore life assurance policies were seemingly killed off by the previous day's
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      238 6 Times Vision y> v "A m m >. ?*><:i w *> I 3 "lr s v v» v <• Vh ik t" r, A professional video production house Being seen and heard by your target audience can create competitive advantages for your product and service. Maximise awareness. Improve sales. Increase
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      783 6 SINGAPORE 5 MALAYSIA 3 1.00 PM Opening folowed by Sesame Street: Have fun learning the letters L and B and the number 12. 2.05 Saturday Matinee The Marva Coins Story: This 1981 drama is based on a true story of Marva Collins, a dedicated teacher in a Chicago ghetto. Her
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  • TIME OFF
    • Article, Illustration
      Faithful to the Fifties
      648 7  -  By PETER WONG BILL Haley, the "father of rock and roll" passed away two years ago but his Comets are still rocking and rolling out the great sounds of the Fifties. This goes to show that rock and roll is here to stay. Even the younger
      648 words
    • Article
      Cannell loses some credibility
      569 7  -  By JAIME LYE WHERE has Stephen J Cannell gone wrong? A Hollywood writer-producer whose innovative ideas, when combined with razor-sharp humour and human reaction way surpassed the work of other writers and brought to the television screen some very decent pieces of entertainment, Cannell has suddenly
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      226 7 I SPECULATE 1 SINGAPORE'S FUTURE I I WITH DR.TOTFLER 9 December sth, Nomura will hold a Global Meeting in Singapore We are in the midst of the Third Wave revolution. This powerful revolution is sweeping across the entire globe and stamping its impact on our daily lives, industrial structure and
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      194 7 WHAT'S ON CONCERTS SSO and Seow Yit Kin. Programme: Mozart Cosi Fan Tutte, K588: Overture; Ravel (Concerto for piano (left hand) and orchestra; Scriabin (Reverie, op 24); Hindemith (Mathis Der Maler Symphony) Dec 9 and 10, 8.15 pm, Victoria Concert Hall. Singapore Youth Orchestra wiht soloist Foo Say Ming (violin).
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      759 7 TWO-IN-ONE CROSSWORD L. CRYPTIC PUZZLE ACROSS 9 Getting, through the child, the birth-date of the notability (9) 10 Get through to, or make enter into the head (9) 12 Bird you make to speak (4) 13 Opens with a deer in the sun, playing (6) 14 See nothing in "The
      759 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      990 8 Where to wine, dine and entertain BHIf with the American Express Card "if you don't already have the Card, call *****33 for an application form" ■> !V t Rocking Bill Haley is Comets Live atthe Tbp of the Hilton 28 Nowember-21 December* Mightly 1030pm. Hear the group that invented Rock
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      Page 8 Advertisements Column 2
      220 8 m fti£j hrL A grc.it pl.uc Co unwind u irh friends. Let our 2 talented bands inter rain vou with sensational music while sou sip over a cool drink. 20% discount on all drinks during happy hours (spm 7pm daily) Business hoars; f t* For information reservations, please call *****22
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      673 9 COFVEE: Robusta futures yesterday eased from contract highs on profit-taking to end a moderately traded morning £8 to £4 a tonne higher. Mo6t active March ended at £1,908 traded and bid after a new contract high of £1,915. Contract highs were also reached in May, July and September.
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    • Article
      PALM OIL
      114 9 THE Malaysian crude palm oil market yesterday closed quietly higher on covering support in line with a firmer Chicago soybean complex close. In Dec position, central and south rose Mslo and M 57.50 respectively to M 51,330 a tonne while in Jan, south was traded at MJ1.290 and
      114 words
    • Article
      RICE
      321 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 100 per cent second class 0.80, 100 per cent third class 0.76, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.61, Special
      321 words
    • Article
      CLOSING PRICES
      29 9 Rubber Dec 2 Singapore: December: 235.00 (down 2.50 cents) Malaysia: December 263.00 cents (unchanged) Tin: M 529.87 per kilo (down 10 cents) 172 tonnes (down 292 tonnes)
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    • Article
      Straits Tin
      66 9 THE Straits On price la Peaaag yesterday fell II cents to Ms».B7 a kiis. IV (all reflected tower Leadea advices aid sterling weakness against the Malayslaa dollar. A lack sf demand alss contributed to toe decline, with toe batter stock manager prevttttag meet sf toe sapparL Taraever fell
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    • Article
      Textiles
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) C«ttM Yam: China Blue Phoenix 20's 2.980 32 s 3,300, 40 s 4,400 (per bale of 400 lbs). Piece Out: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lamb 6 unq,
      196 words
    • Article
      RUBBER
      283 9 THE RUBBER market in Singapore yesterday closed slightly lower with December One RSS buyers quoted at 235.00 cents per kilo, down 2.50 cents from Thursday's close. The morning session was marked down 1.75 cents on a lack of interest following a 1.50 cents lower opening. Prices fell three-quarter cent
      283 words
    • Article
      RAS PRICES
      401 9 RAS prices In cents per kilo yesterday Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt f o b. 233.50 234.50N Int. 1 R.S.S. December 235 75 236 00 Int. 1 R.S.S. January 240 75 241.00 Int. 2 R.S.S. 231.50 233.50N UK Coot 230.50 232.SON Int. 3 R.S.S.
      401 words
    • Article
      Initial gains fizzle out in thin turnover
      264 9 INITIAL steadiness which took December One RSS up to 242 cents (S) a kilo slowly fizzled out, Hal May, Catler, Bath A Ca said in its review of the Singapore and Malaysian rubber markets for the week ended Dec 2. Turnover was thin
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    • Article
      WHEAT
      51 9 WHEAT futures in Chicago on Thursday closed on a steady note, up 4Vi to lVi cents per bushel in moderate trade. March posted a 3Vi -cent range on the day. Corn futures closed V« to IVi cents per bushel higher in moderate trade. March posted a 4 1 »-cent
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    • Article
      SOYBEAN
      62 9 SOYBEAN futures in Chicago on Thursday on a strong note, up 16 Vi to eight US-cents per bushel in improved trade volume. January posted a 26-cent ranee on the day. Soyoil ended up 0.67 to 0.10 cent a pound. Export demand for various vegetable oils kept oil firm relative
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    • Article
      Produce exchange
      159 9 CHINESE Predaee Exchange, Sagaptn, eisslag price* per lMkg yesterday. CwMNt ail: Bulk fob $165.00 sellers, old drum (in second hand drum) fob $178.00 sellers, new drum fob $182.00 sellers. Cspta: Mixed (loose) $96 buyers. Pepper: Muntok white pepper fob Asta NLW $650.00 sellers, Sarawak white pepper fsq fob
      159 words
  • INTERNATIONAL STOCKS
    • Article
      Paris
      181 9 DSC 01 m CORBKILLK Air-Liquid* Aquiudne Nat Dm Petiole 510 171 <-» -15 B 8 N (Derail Dtnoot C S P (ThomionCle Franealae dM PetroiM Credit Foncler De France 2586 lttJO -M -11 154-30 SOB -15 -U Hachette (Llbralrle) 1406 14 Mlchelln (B) 782 -7 Omnium 975 -5 reu|wi
      181 words
    • Article
      Amsterdam
      176 9 DEC 01 ru 304.00 unch Abotd 177 JO -0.7 Akan 0BJ0 -0J AM*V 1MJ0 3 Amfai Amrobnk Hark 103J0 90 JO 1J +0J 0.4 38.80 Kola Borsuml] Bortt 83J0 0.1 •1J +0i7 210J0 40.00 Burial Ckiuid 40J0 a. io -0.2 -0.1 r!.h. JO. 00 Ml Ml] 00.00 -OJ +>
      176 words
    • Article
      Frankfurt
      63 9 DEC 01 A»t-T»l«funken Dm 77 JOB BkZw 171-30 -i 436 OOB Commetibsnk M 106.00 118J0 -04 Daimler-Bins 709.00 1J EJ1 astf I'l a Hoesch 82.00 +1J Horten 191.00 -1 KarvUdt KHD suo -a MAJO M9MD Philip* Komm Preuanc Rwc ST A Schcrlnc 130.90 +19 334.00 J 386 JO +1.5
      63 words
    • Article
      Brussels
      90 9 DEC 01 Pr* FORWARD MARKET Actc 620 >30 Artoed 1170 Astur 500 -20 Bruc&n 1770 -10 Can MM* -30 Cock 100 -1 De Beers 430 -a mm 2425 -s Electro be 1 8230 no Ob-Inno-Bm 3000 ♦ft Oe* 2820 20 Or Bru Lamb 2300 +50 Hobok 4880 >10 Petro
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    • Article
      Zurich
      198 9 DEC 01 Francs Action* Sulaees Alusulsee Br Alusulsse Reg Brawn Bovert Br. 303 786 172 1390 uneh uneh -S 20 aba a«H7 Br. Clba Oelcj P C Clba Oelcy Rcf. Credit Suisse Br Credit Suisse Ref Elektrowatt Br. 2330 I860 m S10 414 2MB •3D uneh -4 JO 2
      198 words
    • Article
      Milan
      73 9 DIC 01 Lire Baatoffl 110 -4 Bel nm -100 Central* Ord 1270 -10 Cond Acqua Roma End an la H 7300 -30 Flat Ord 31«) >30 Oeneral! ***** -290 Olm 3710 -00 Ifl Prlv 4683 13 Invest 2900 -IS Itaicementl Ord ***** 10 Italfas 1070 -10 Lepetlt Ord *****
      73 words
    • Article
      Market closes lower
      1059 9 NEW YORK WALL STREET stock prices fell for the second straight day on Thursday as traders decided to take profits from the market's recent sharp climb. Analysts said investors continued to look for a clearer indication of interest rate trends. The Dow Jones Industrial Average, which fell
      1,059 words
    • Article
      TORONTO
      206 9 DEC 01 C» AblUbl Ateui Alfoma J6H v» Bank Mont m Bank Nova Scotia 43* Bell Tel ss* H BP Can Ltd 23X -H B raw an 38'* unch Can Imp Bk SI v» Can Prtn Mf Canpac Z $1* w Carl In* OXeefe Cmbl Rd Lk n\ 32
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    • Article
      JOHANNESBURG
      238 9 DEC 01 Rand INDUSTRIALS A Alpha no unch Abercom wo unch AS And CI no AMIC 400 2800 unch Barlows 12S0 >90 C O 8m 1th 2300B Chekera 340 -10 CNA 225B unch Currle Finance Edcart 410B 8SOOB FedVWk 400 -5 Puglt 360 HI veld 480 10 Lib Holds
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      0 9 "*_>\@}\~}]@!>;@[{'`({((**|%_/<
      0 words
    • Advertisement
      Page 9 Advertisements Column 2
      342 9 Britkinica 3 and give yourself and your family the Britannica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's no
      342 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2578 10 BID and after print officially bated and twaliif in aad reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,080 units unlets otherwise sped Bed. All Times Settlement Contracts are quoted
    2,578 words
  • Article
    SHARE INFORMATION SERVICE
    3410 10 IMS High Low Ctayuj Last Sale +orGr*s Div Die CVT Gr*s YTd Net P/E Vol COOO) Day Hlgk Low SECTION ONE INDUSTRIAL A COMMERCIAL 354 307 208 410 ISO aoo SIS 880 810 888 S88 no m 473 1180 SIO 888 S3S* 288 48 128 I8S S8S
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  • Article
    In Kuala Lumpur
    2397 10 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday, with the number of share* traded shown In bracket* in lots of 1.000 unit* unless otherwise specified. IfBUHMIM If 111 l (IBB) Atosm (IBB) (I) IB (J) 1» (J)
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  • Article
    Late buying lifts market
    668 10 A LATE kaytag spree seat prim late plat territory al the teeal stack autrket yesterday alter a weak «pea Seeae dealers believed 0m late raa-ap waa malaly 4m te sheet eeverlag. Other* felt that there was alee the essrkrt kad 'keeeme deeply ivctnM< iW Bariaea Tlaaee
    668 words
  • Article
    KL stocks stage strong rebound
    459 10 A TURNAROUND in sentiment on the Kuala Lumpur stock market yesterday, sent prices higher across the board in active trading. Reflecting this, the New Straits Times Industrial Index shot up 8.44 points to 1306.43. Total turnover rose to 7.29 million units valued at M 122.14
    459 words
  • Article
    Unit trusts
    179 10 Maugert' prices far Dee 3 ft 5 SNGAPOU UNIT nunThe Commerce 322 3.42 The Saving* Fund 1.90 2.03 S pore Pro* Fund 1.41 1.50 S pore Sec. Fund 2.13 2Jt S pore Invert Fund 1.12 1.19 S'pore Equity Fund 1.37 1.45xd AAA UNIT T BUST Mai Invest Fund
    179 words
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  • COMPANY NEWS
    • Article
      Singland braces itself for tough competition
      681 11  -  By AMY CHEOK SINGAPORE Land Ltd is bracing itself for intense competition in the local property market which is expected to be bogged down by oversupply. For instance, Singland is already facing problems in marketing its first major residential project, Arcadia Gardens. Singland's chairman,
      681 words
    • ASIAN STOCKS
      • Article
        Sydney finishes lower
        354 11 THE Australian stock markets yesterday closed lower. The All-Ordinaries Index dropped to 736.9 while the All-Industrials (ell to 950.7 DEL. Qui l»n INDUSTRIAL s r i 1*1 IS *18 -I AMI no A P M as -5 Atffrfnjtr aoo unch Ace r» Alliance OU era 1IIWI Mill
        354 words
      • Article
        Prices close higher
        325 11 HONGKONG THE Hongkong stock market yesterday edged higher in dull trading, with a low turnover. The Hang Seng Index closed 6.96 points up at 855.74. Dealers noted interest was evenly divided between local and overseas buyers. They expect the present drift to continue in the short term,
        325 words
      • Article
        Tokyo shares end firmer
        429 11 SHARE prices yesterday closed higher on active buying of blue chips and populars, prompted by a market belief there will be a corporate business recovery in the six months to next March 31. The market average rose a provisional 43.25 to close at 9,379.85 after rising
        429 words
      • Article
        Manila
        90 11 SHARE prices yesterday closed mixed. DEC OS Peaoc Acafr Mining Anglo Phil Ape* Mining B AUu Con. B. 0 011 «uo 0001 as Baguto Oold 0001 unch Basic Petroleum Benguet Con. B CDCP IJi 47 unch -I Flnt Phil Hldg» unch Lepanto B Marlnduque B Maroteel •JO unch Oriental
        90 words
      • Article
        Bangkok
        158 11 PRICES yesterday retreated in sluggish trading with buying support thin across the market. The Book Club Index fell 1.06 points to 120.69 with 133,855 shares traded. dkc a Bthu Aokham ThU Ajia rtbra AruUia*a In*. And TV„.t IS -1 Bangkok Bulk BM*Of Ayudhajra 154 -a LIU 84(4 8ftoc 1M
        158 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      177 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, GROZIER ENTERPRISES PTE. LTD. of 111, North Bridge Road, #2603, Peninsula Plaza, Singapore 0617, hereby give Notice that in consequence of the intended purchase of the undermentioned Vessel. We have applied to the Registrar of Singapore Ships, under Section 417 of
      177 words
    • Advertisement
      Page 11 Advertisements Column 2
      625 11 Br* TIMES PUBLISHING BERHAD (Incorporated in Singapore) Final Report For the year ended 31 st August 1983 the Directors report: Turnover Profit before taxation Profit from associated corporations Investment income Income from subsidiaries Provision for diminution in value of investments released (charged) Profit (loss) on sale of investments Taxation Profit
      625 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      171 12 Rises Indices Lias Hoe 740 4 30 Dec 1 Dec 2 KntMky Spore 488 24 Matauahita Honf Leong lad Tu Chong 9 N P L Sel Properties 730 710 875 865 20 20 15 15 BT Composite: BT Indicator: ST Industrials 885.33 *****79 930.18 887.73 *****88 930.55 535 15
      171 words
    • Article, Illustration
      KUALA LUMPUR
      156 12 Rises Indices M Mosaics 324 44 Dec 1 Dec 2 Temerloh 640 30 Choc Prod 540 25 MBT Indicator: *****77 *****56 CASH 900 '25 NST Industrials: 1297.99 1306.43 ASM Kemayan Sel Prop Lien Hoe 500 20 NST Finance: 2433.74 2451.13 520 585 20 20 NST Hotels: NST Properties:
      156 words
    • Article
      Selected Indices
      53 12 H.K.HANG 8ENG Friday 865.74 Thursday 848.78 Week Ago 830.12 AUSTRALIAN INDUSTRIALS Friday 860.7 Thursday 861.3 Week Ago 8612 ALL ORDINARIE8 Friday J 736.8 Thursday Week Ago— 143.5 r38.4 FINANCIAL TIMES INDUSTRIALS Thursday Wednesday 1 F41.1 r4«.i Week Abo 1 r2B.8 DOW JONES AVERAGE INDUSTRIALS Thursday 1275.10 Wednesday 1278.08
      53 words
  • Article
    LONDON STOCKS
    843 12 SHARE prices yesterday opened mixed in selective trading but gold shares were firmer in line with the higher bullion price. Gold shares showed gains ranging to US$3 with Harties at 72 Vi as the bullion price moved above $400. Among leading equities Glaxo was 20p lower at 750,
    843 words
  • Article, Illustration
    Keppel to take over POSB stake in M & G
    477 12  - Keppel to take over POSB stake in M G By NAJEEB JARHOM KEPPEL Shipyard Ltd is going full steam ahead in its ambitious foray into the insurance business. Yesterday, the maritime-cum-property-cum-finance group announced that it has signed an agreement with the Post Office Savings Bank to acquire the latter's 50
    477 words
  • Article
    Bata (M) proposes bonus issue
    166 12 BATA (Malaysia) Bhd has proposed a three-for-eight bonus issue which will capitalise about MJ7.5 million from its unappropriated profits. According to the compa'ny, its directors have decided to recommend the bonus issue in order to reflect properly the shareholders funds utilised in the business. Due
    166 words
  • Article
    MBF-Blount cooperation deal
    504 12 MBF HOLDINGS Bhd and Blount International of the US have set into motion plans for greater cooperation and participation in high technology construction and engineering projects in the Asia-Pacif-ic region. The financial and property based group and Blount, one of the world's leading building contractors, yesterday signed
    504 words
  • Article
    Goodyield's accounts for 1983 approved at EGM
    504 12 THE 1983 accounts of Goodyield Holdings Bhd, which is under investigation by the Malaysian Registrar of Companies, were approved by shareholders at an extraordinary general meeting in Kuala Lumpur yesterday. A spokesman of Goodyield said the 1983 accounts will now be filed with
    504 words
  • Article
    BAT bid for Eagle Star approved
    115 12 BAT Industries PLC shareholders have approved their company's 660 pence a share bid (or Eagle Star Holdings PLC. This came at a special shareholders' meeting after a bid made by BAT on Monday, topping an Allianz AG offer of 650 pence. BAT chairman Patrick
    115 words
  • Article
    Improved operating margins help Interwood
    218 12 IMPROVEMENT in gross operating margins have helped International Wood Products Ltd pare some of its losses. For the half year ended August 1963, the company recorded an operating loss of $1.4 million, as compared with the previous interim loss of $2.02 million. This represents a
    218 words
  • Article
    Way clear for JC's South Yarra project
    469 12  -  By CHAN OI CHEE THE Jack Chia group has finally got over the remaining hurdles to the development of its controversial As4oo million South Yarra project in Melbourne, Australia. Construction work on Stage I of the prestigious project, originally planned for last March,
    469 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      434 12 A gilt-edged investment for the year ahead 'r As an executive in the fastest growing economic region in the world you have to be one appointment ahead of your competitors all the time. The 1984 Times Diary has been carefully designed as a gilt-edged investment for the region. It is
      434 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      70 12 |W EAT;H E R i OUTLOOK for today: Cloudy; scattered showers. Bepert tar M bean prtar to 7JI pa m Dee lat Ike atrpart: Maximum temperature 272 Associated humidity 75 Minimum temperature 21.8 Associated humidity 96 Hours of sunshine 0.00 Rainfall In millimetres 4.5 Total rainfall for the month 4.5
      70 words