The Business Times, 24 December 1983

Microfilm: NL14356
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, DECEMBER 24,1»83 60 CENTS
    10 words
  • Article
    Lock icon Double-digit gains for leading indexes
    271 1 UPI, AP UPI, AP LEADING business indexes are gaining at double-digit rates in the United States, Canada, Japan and France, pointing to strong economic expansion in the months ahead. According to the Conference Board's international economic scoreboard results released in New York on Thursday, the
    UPI, AP  -  271 words
  • Article
    Lock icon Manila black market in dollars springs up
    365 1 Reuter A BLACK market in US dollars is flourishing in the Philippines in the absence of trading on the foreign exchange floor, dealers and bankers said yesterday. The black market rate for the dollar is 18 to 22 pesos, compared with the official
    Reuter  -  365 words
  • Article
    Colosseum wins HDB lift monitoring deal
    395 1  -  By WANG LOOK KEAH A SMALL local company owned by an electrical engineer has beaten two multinationals and a large government-owned company in a tender to supply the Housing and Development Board with a telemonitoring system for lifts. Colosseum Corporation, set up by Mr
    395 words
  • Article
    Lock icon Nakasone likely to be re-elected
    536 1 AFP, AP AFP, AP JAPANESE Prime Minister Yasuhiro Nakasone appeared likely to be re-elect-ed premier after Liberal Democratic Party (LDP) Elders at a meeting yesterday approved his six-point plan to safeguard political ethics and party unity. One of the Elders, former prime minister Zenko Suzuki,
    AFP, AP  -  536 words
  • Article
    C Itoh setting up petroleum trading subsidiary here
    350 1 JAPANESE trading company C Itoh is setting up a wholly-owned subsidiary to do petroleum trading here. Tentatively named C Itoh International Petroleum Singapore Co Ltd, it will take over the trading business now handled by the petroleum department of C Itoh here.
    350 words
  • BRIEFLY...
    • Article
      Improving safety
      79 1 EFFORTS to streamline work procedures in Singapore shipyards will be stepped up. The Singapore Association of Shipbuilders said yesterday that these efforts will not only allow new workers to adjust to work practice in shipyards, but will also improve safety in the working areas. It feels that the
      79 words
    • Article
      Lock icon Mahathir's plans
      109 1 AFP MALAYSIAN Prime Minister Dr Mahathir Mohamad will leave Kuala Lumpur on Jan 11 for a tour of Canada, the US, France and Switzerland to promote and strengthen bilateral cooperation, particularly in trade and investment. Malaysian Foreign Ministry sources said yesterday that Dr Mahathir is scheduled to meet
      AFP  -  109 words
    • Article
      Lock icon Yen for spending
      78 1 AFP JAPANESE private business corporations spent a record 3,483 billion yen in entertainment expenses last year, up 5.4 per cent over the previous year. The Japanese National Tax Administration Agency said yesterday that the figure compared with a slight sales increase of 2.0 per cent in the
      AFP  -  78 words
    • Article
      Lock icon Heroin seizure
      51 1 AFP MALAYSIAN police detained a Singaporean couple and three Malaysians and seized 21.739 kg of heroin worth about US$B million at Subang International Airport on Thursday night as they were about to board a plane for London. Police said it was the biggest seizure ever at the airport.
      AFP  -  51 words
    • Article
      Dock facilities
      57 1 THE British aircraft carrier Invincible, which was refused permission to dry-dock in Australia, has asked Singapore for dock facilities to repair its damaged propeller. A Defence Ministry spokesman said yesterday that "the matter is under consideration and we are optimistic that the Invincible will arrive here for repairs".
      57 words
    • Article
      Lock icon Aussie-Asean talks
      51 1 Reuter A REGULAR official-level dialogue between Australia and Asean, which has been postponed since November, is likely to be held in Canberra from Jan 17 to 19. Thai Foreign Ministry officials said yesterday that discussions in preparation for the meeting are not finished. They gave no further details.
      Reuter  -  51 words
    • Article
      Lock icon Information drive
      65 1 Reuter PHILIPPINE President Ferdinand Marcos yesterday told leaders of the country's ruling party to launch a countrywide information drive before next month's constitutional referendum to prevent people from being misled. He told leaders of the New Society Movement (KBL) to explain to the people critical issues such as
      Reuter  -  65 words
  • Article
    ICS to take over 'life' side of Carrian subsidiary
    333 1 THE lunnuicr Corporation of Slog*port, which will be taking over the life Insurance side of the Singapore operations of Hongkong's China Underwriters Life 4 General Insurance Co, will "■ot be paying a cent" for the takeover. China Underwriters, a member oI
    333 words
  • Article
    Trade between Singapore and Jakarta soars
    495 1  -  By RICHARD SEAH WORLD recession failed to have any effects on trade between Singapore and Indonesia last year. Instead, official trade between the two countries expanded by a hefty 44 per cent to reach U555.94 billion in 1982. The bulk of the increase was
    495 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      240 1 Leisuretime... Sporex-Asia '84 5 E Asia sth International Exhibition of Sports Equipment 6 Leisure Goods 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 "3T I LAUGHING of Ekhabi the largest jackup drilling rig to be built here ....Page 2 GO-AHEAD for General Motors-Toyota venture to build Japanese-designed
      240 words
    • Advertisement
      Page 1 Advertisements Column 2
      97 1 If golf s your game, Pan-West's the name... at Centrepoint. Now in the heart 1 of the city you can get all the winning names in golf gear and accessories under' one roof. Pan-West Centrepoint. j There's also a fine selection of equip)- I ment for all games. I Drop
      97 words
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      Page 1 Advertisements Column 3
      134 1 Lei su retime Boat-Asia '84 l|% S E Asia 4th International Exhibition of Boats. Pleasure Crafts Ancillary Equipment 19 22 JANUARY 1984 WTC An Interfama organised show Tel: *****12 Our nAMf 'JAL Executive Class' adds up to a first class deal. At Just the economy fare. r n EMWMII i\
      134 words
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  • HOME NEWS
    • Article, Illustration
      Launching of largest locally built jack-up drilling rig
      268 2  -  -By SHAHRIR ARIFF THE largest jack-up drilling rig ever built in Singapore was launched yesterday. The rig, measuring 64.2 metres by 68 metres when completed, is being built for V/O SUDOIMPORT of the USSR. It is the 16th jack-up rig built by
      268 words
    • Article
      Revamp helps push up sales for wine company
      427 2 IT HAD been a case of sour grapes for wine merchant Escoffier since it started business three years ago, but things are finally looking up. Sales of the company, known for its collection of vintage wines, have gone up after a major
      427 words
    • Article
      PUB approves two types of tap washer
      180 2 TO UPGRADE plumbing practice and the use of good quality water fittings in Singapore, the Public Utilities Board has approved two types of tap washer under Regulation 80 of Part (1G) of the Water Supply (Amendment) Regulations 1963. The public is advised to
      180 words
    • Article
      NEW HISTORY SYLLABUS
      98 2 INSTEAD of cluttering the minds of the young with too many diverse historical facts, a new streamlined history syllabus will be introduced to lower secondary schools. The focus will be on the socioeconomic development of Singapore from a tiny trading port to a modern metropolis. In a
      98 words
    • Article
      President calls for total support for national service
      285 2 SINGAPORE'S security will be guru teed only if Its citizens are totally prepared for and committed to the nation's defence, both mentally nnd spiritually. The security Issue Is not Just the concern of the Ministry of Defence. His Excellency, President Devan Nnlr,
      285 words
    • Article, Illustration
      HDB invites tenders for 'floating restaurant'
      436 2  -  By LEE HAN SHIH THE Housing and Development Board is inviting restauranteurs to tender for the right to run its first "floating restaurant", located in a housing estate. The restaurant need not be a seafood establishment, even though it is situated at the centre
      436 words
    • Article
      Plans to nurture young talent
      224 2 FASHION design and fashion arts as a subject is being considered as a possible diploma level course for the VTTB's Applied Arts Dilploma course. This is because of the high standard of talent and creativity shown in the fashion arts section of the competition organised
      224 words
    • Article
      Automobile show draws 84,000 visitors
      213 2 AROUND 84,000 visitors came to the Automobile and Accessories Show 1963 from Dec 17 to 21. This represented an increase of more than 10,000 visitors against the first show held in 1961, although this year's was held for only five days against 10 the first
      213 words
    • Article
      Decline in bookings for National Theatre
      221 2 BOOKINGS for use of the National Theatre dropped last year compared with the previous year. Writing in the annual report of the National Theatre Trust for the year ending March 31, Mr Thai Chee Ken, chairman of the trust, said that there was a
      221 words
    • Article
      Do not let the festive parties get too hot
      189 2 THERE were 6,414 outbreaks of fire in the first 11 months of this year, an 11 per cent increase compared with the 5,731 fires during the same period last year. Fire mishaps have so far claimed 18 lives and injured 119
      189 words
    • Article
      MEMO PAD
      786 2 SEMINARS AND COURSES Nov 29, 1963-Jan 3, 1984 (Tuesdays): Fire Insurance Underwriting, SITC, SITC Nov 30, 1983-Feb 22, 1984 (Wednesdays): Average Adjusting, SITC, SITC Dec 1-22 (Thursdays): Acturial Aspects of Life Assurance, SITC, SITC Dec 7, 1983-Jan 6, 1964 (Wednesdays A Fridays): Personal Accident Insurance, SITC, SITC Dec
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      896 2 Economics finance tides from the Singapore University Press j j m Sourcebook of Singapore and Malaysian Company Law by Philip N. Pillai This third supplement is the last supplement in the series. It is proposed that a new edition be prepared which will incorporate and update all materials. For the
      896 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon US and Israel differ on Arafat meeting
      291 3 Reuter THE US and Israel have split over the meaning and propriety of a meeting between Palestine Liberation Organisation leader Yasser Arafat and Egyptian President Hosnl Mubarak. The Reagan Administration said it saw the meeting in Cairo on Thursday as an encouraging development
      Reuter; UPI  -  291 words
    • Article
      Lock icon US at bottom of aid donors' list
      340 3 Reuter THE United States, one of the world's richest countries, transferred a lower percentage of its wealth to poor nations in 1961 and 1962 than any other major Western aid donor. The annual report of the Paris-based Development Assistance Committee (DAC), which groups
      Reuter  -  340 words
    • Article
      Lock icon Vietnam moving arms near Thai border
      172 3 Reuter VIETNAM has moved tanks, armoured personnel carriers and weapons into areas near the eastern Thai border apparently in preparation (or a dry season offensive against Cambodian resistance groups, Thai military sources said. They said five T-54 tanks, four APCs and artillery had been
      Reuter  -  172 words
    • Article
      Lock icon Thailand scraps OECF loan plan for port project
      215 3 Reuter THAILAND scrapped a plan to seek soft loans from Japan's Overseas Economic Cooperation Fund (OECF) for a 2.5 billion baht, deep sea port, a government spokesman told reporters. He said Thailand's Eastern Seaboard Development Committee made the decision because of an
      Reuter  -  215 words
    • Article
      Lock icon Islamic group threatens US and French troops
      271 3 Reuter AMERICAN aid French troops are aider threat from a deadly Islamic mill, taat organisation to pall oat of Lebanon by New Year's day or face "an earthqaake aader their feet". The threat came from aa anonymous caller oa Thursday who said he
      Reuter  -  271 words
    • Article
      Lock icon Egypt-Jordan trade barriers to go
      345 3 UPI EGYPTIAN Economy and Trade Minister Mustafa Saeed said Jordan has agreed to cancel restrictions on trade with his country in a major step in Cairo's emergence from Arab world isolation. In a surprise announcement on Thursday, visiting Egyptian Minister Saeed said Jordan would sign
      UPI  -  345 words
    • Article
      Lock icon Money needed to finish Taiwanese submarines
      338 3 AP THE Wilton-Feijenoord shipyard said it does not have the money to finish the two submarines it is building for Taiwan, after the Dutch government blocked a new Taiwanese order for four more submarines. "If we want to finish the ships, we need to
      AP  -  338 words
    • Article
      Lock icon Lower Opec oil output last year
      189 3 AFP CRUDE oil production last year by members of the Organisation of Petroleum Exporting Countries dropped 15.9 per cent over 1981 while production in non-member states increased 4.2 per cent for the same period, according to extracts from an Opec report published in Vienna.
      AFP  -  189 words
    • Article
      Lock icon Approval for GM's venture with Toyota
      733 3 NYT A SHARPLY divided US Federal Trade Commission in Washington has decided that General Motors Corp and Toyota Motor Corp, the world's No 1 and No 3 carmakers respectively, can jointly build Japanese-de-signed subcompact cars in California without violating US anti-trust laws. The vote
      NYT  -  733 words
    • Article
      Lock icon Venezuela achieves its short-term economic goals
      502 3 Reuter VENEZUELA achieved its short-term economic goals this year with an increase in foreign reserves and singledigit inflation, but must apply urgent corrective measures in 1984, the president of the country's central bank said. In an end-year review, the head of the central bank,
      Reuter  -  502 words
    • Article
      Lock icon EEC agrees on emergency steel plan
      130 3 AP EUROPEAN Economic Community industry ministers agreed on Thursday on an emergency plan to stop cut-throat competition that is destroying the steel industry. After weeks of haggling, capped by a daylong meeting over ways to enforce the system, the ministers established a plan and
      AP  -  130 words
    • Article
      Lock icon Block rules out early solving of trade woes
      512 4 Reuter US Agriculture Secretary John Block said he has little hope-»of resolving trade problems with the European Economic Community (EEC) and Japan in 1964. He told a press conference $at the US would continue talking to the EEC in efforts to resolve
      Reuter  -  512 words
    • Article
      Lock icon Transport agents want deferment of M$100 levy
      415 4 Bernama THE Johore Forwarding and Transport Agents' Association yesterday sent telegrams to Prime Minister Datuk Seri Dr Mahathir Mohamad and his deputy, Datuk Musa Hitam, appealing to them to defer the implementation of the Msloo-levy on goods vehicles leaving the country. Th 4'
      Bernama  -  415 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      732 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SLA SQ11 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0820 KUL cvCV796 0900 LUX/DXB MAS MH671 0905 KUL sv SV396 0910 JED/RUH MAS MH811 0910 PEN SLA SQ103 0950 KUL
      732 words
    • Article
      Lock icon Cilacap begins re-starting process
      142 4 Reuter INDONESIA began the process of re-starting its Cilacap oil refinery on Dec 19 after it had been closed for a month. Oil industry sources in Jakarta said yesterday that the 300,000-barrel-a-day (bpd) refinery was closed in late November, along with the Balikpapan refinery, due to
      Reuter  -  142 words
    • Article
      Lock icon US seizes laser system
      97 4 Reuter US CUSTOMS agents have seized a laser system bound for the Soviet Union, filled the crates with concrete and sent them on their way. In the latest round of a campaign to stop the flow of Western technology to the Soviet Union, the agents said
      Reuter  -  97 words
    • Article
      Lock icon UNC calls on North Korea to stop violent acts
      307 4 UPI THE AMERICAN-led United Nations Command called on North Korea yesterday to halt "terror and violence" aimed at overthrowing the government in Seoul. The demand was made at the 423 rd meeting of the Korean Military Armistice Commission at the village
      UPI  -  307 words
    • Article
      Lock icon US plans six solid years of growth
      440 4 UPI THE Washington administration is projecting six years of "solid" economic growth for the nation, with moderate inflation and declining unemployment and interest rates. But there are a lot of "ifs". The scenario was spelled out on Thursday at an administration announcement of
      UPI  -  440 words
    • Article
      Lock icon Baghdad sinks Iranian salvage vessel
      272 4 Reuter IRAQ said yesterday that its navy had sunk an Iranian salvage ship which had been trying to save a damaged vessel near the Iranian port of Bandar Khomeiny in the Gulf. A military spokesman said the Iraqi navy sank the Iranian ship as it
      Reuter  -  272 words
    • Article
      Lock icon US winter wheat area increases
      585 4 NYT WINTER wheat growers, demonstrating a widespread lack of interest in US federal efforts to reduce production, seeded 26 million hectares this fall. The Agriculture Department announced on Thursday that the area was 4 per cent more than was planted in the fall of 1962
      NYT  -  585 words
    • Article
      Lock icon SEC approves dress-up accounting device
      279 4 NYT THE Securities and Exchange Commission in Washington has approved on a 4-to-0 vote an accounting device to let companies dress up their financial condition and show higher earnings by wiping longterm debt off their balance sheets. The device, called in-sub-stance corporate defeasance, allows companies
      NYT  -  279 words
    • Article
      SHIPS IN PORT
      1079 4 VHMI B#rth Arrival Departure KEPPEL WHARVES Builder III 22 alongside 24.12/1500 Itaglba 5 alongside 24.12/1700 Iwerl 20W alongside 24.12/0600 J Chelmonskl 35/6 alongside 24.12/1500 May Sky 25/6 alongside 24.12/1500 Seng Hlng 27/8 alongside 24.12/1500 Victory I 45 alongside 24.12/2300 Builder 11 21E 23.12/1300 23.12/2359 Donam No 7
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      7 3 ;/1 M yoltly 3§j!*4S>(i eW: *****5. *****4
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      Page 3 Advertisements Column 2
      96 3 Our sweet nothings are quite something Exquisite home-made chocolates lovingly prepared and gift-wrapped for the occasion, in true spirit of the season. It comes with our compliments to every lady dining at Le Rosier from today till December 24. A glass of fine champagne on the house, a 6-course gourmet
      96 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Canadian rate declines to 10.04 per cent
      334 5 Reuter CANADA'S bank rate was set at 10.04 per cent, compared with 10.06 per cent last week, the Bank of Canada said. Bank rate is set one V* percentage point above the average yield on the weekly issue of 91-day Treasury bills. This's
      Reuter  -  334 words
    • Article
      Lock icon Growing foreign presence in UK
      205 5 Reuter CHANGES in London's financial markets, prompted by market pressures, could well bring a further increase in foreign participation, the Bank of England quarterly bulletin said. It is important that this should be matched by the international involvement of strong groupings of Britishowned institutions, which
      Reuter  -  205 words
    • Article
      BANK NOTES
      417 5 THE Bank of France said that it set the lending quota for major banks in 1984 at 97.5, base 100 at Dec 31, 1983, confirming figures quoted on Wednesday by financial sources. It set the index for smaller banks and consumer credit institutions at 100 and the quota
      417 words
    • Article
      SWISS FRANC CLOSES ON STRONG NOTE
      282 5 THE Swiss franc closed the year on a strong note, having gained against every major currency in 1983 with the exception of the yen and the dollar. Manufacturers Hanover Trust Company says in its latest weekly review of selected currencies that this performance is
      282 words
    • Article
      Lock icon Peru aims for final IMF pact
      173 5 Reuter PERU expects the IMF's executive board to issue final approval for a US$425 million standby loan to the country by March at the latest, Economics Minister Carlos Rodriguez Pastor said. He said that the International Monetary Fund could approve the 18-month loan by
      Reuter  -  173 words
    • Article
      Lock icon Magazine names Asia's top bankers
      217 5 Bernama THE editors of Asian Finance have named Yasushi Watanabe, president of Bank of Tokyo, as Asia's banker of the year for 1983. At the same time, Indonesia's Mochtar Riady has been cited as the top honored for his outstanding banking leadership. The awards are
      Bernama  -  217 words
    • Article
      Lock icon Nigeria seeks refinancing credits
      69 5 Reuter NIGERIA is seeking refinancing credits of six years, with 2 x h years grace, to enable existing arrears on short-term trade debt totalling between US$3 billion and $5 billion to be brought up to date, a spokesman for the British Export Credits Guarantee Department said.
      Reuter  -  69 words
    • Article
      Lock icon Banks in Hongkong face difficult year
      496 5 Reuter PROBLEMS that arose for the Hongkong banking sector in 1963 mean that it faces a very difficult 1984, the Commissioner for Banking and Deposit Taking Companies, Colin Martin. said. Mr Martin said, "1983 has been the most difficult year for bankers in the
      Reuter  -  496 words
    • Article
      Lock icon US credit market relief likely to be temporary
      575 5 Reuter THE domestic US credit market, which has received a needed boost from an official estimate that the economy is not growing as strongly as earlier thought, could come under renewed pressure if the economy accelerates in the first quarter, credit markets
      Reuter  -  575 words
  • MONEY AND EXCHANGES
    • Article
      Gold
      313 5 SINGAPORE gold futures closed slightly firmer than New York levels after fluctuating jnarginally throughout in quiet trading yesterday, dealers said. Total sales for the day were recorded at 58 lots while kerb volume was 32 lots. Prompt closed slightly higher at U*****.20/382.20 an ounce against New York's $381/382 close
      313 words
    • Article
      Silver quotes
      64 5 New York 8.95B 8.706 9.00S 8.7SS Zurich 8.728 8MB 8.77S 8.74S Prt Itm Singapore 8.90 8.89B 8.S6S 8.74S dating price* in US dollar* a troy ounce. Source: Credit Suisse, S'pore OCBC exchange rate index THE OCBC trade-weighted index for the Singapore dollar rose 1.12 per cent to 133.M
      64 words
    • Article
      Hongkong
      118 5 THE US dollar yesterday rose against most major currencies on sporadic overseas buying, which emerged after the European opening, dealers said. It advanced to 2.7650/60 marks from an early 2.7610/ 25 and New York's 2.7600/15 close, and to 234.05/15 yen from 233.75/85 and 233.40/55. Trading was thin for most
      118 words
    • Article
      London
      56 5 THE US dollar opened easier on position squaring in extremely thin trading yesterday morning. LONDON nt:h*ng** opening cm Ctec il OS. Cm LW35/C Crtm IM69/9 Qgg| IJBC5 S9C' DO 4 400/000 srr 3.1510, B B*Y con Ftt i2-<n«./iirre Ut ...BB9.55, 3*5.75 Yea »4U»23 Dkr..» 3345 Ntar....... Ul«OOG£> SKr 11X«HS0
      56 words
    • Article
      PLR
      22 5 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 8.96 per cent.
      22 words
    • Article
      ASIAN $
      186 5 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Dec 23: US Dollar* Offer Bid 7 days lift 11* 1 month 10* 10* 2 months 10* 10* 3 months 10* 10* 0 months 10* 10* 9 months 10 7/18 10 5/10 12 months 10 0/10 10 7/18 Dm.
      186 words
    • Article
      Discount
      43 5 RANGE of prices offered by discount houses on Dec 23: Overnight: 3 Call deposits: 2 3 Closiaf Buying Selliaf 3-month Treasury bills 2H 3-month Bank bills 8H 8'. 3 months CD 7H 7«* 6 months CD 7H 7H Source: National Discount Co
      43 words
    • Article
      Treasury bills
      60 5 THE average discount rate on Singapore government 91-day Treasury bills fell to 2.565 per cent at the latest tender from 2.590 per cent last week, the Monetary Authority of Singapore said. Applications totalled $275 million for the $160 million of bills on offer. About 79 per cent of
      60 words
    • Article
      Singapore market
      481 5 TRADING at the foreign exchange market yesterday was dominated by commercial interests. The dollar opened at 12.1380/90, against the local unit. Selling in a thin market brought the rate down to 2.1245/60 in the morning. It gained strength to close slightly higher at 2.12G5/80. la**t>an> NmH rate* at
      481 words
    • Article
      Tokyo
      143 5 THE US dollar yesterday rose on limited commercial buying and final position adjustment in a thin market ahead of Christmas weekend. The dollar closed at 234.10 yen against 233.40/55 at the New York finish on light buying by importers, attracted by the low rate resulting from dollar selling by
      143 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      206 5 r o°gcy gig* Grand -ilg Hungarian r Food Festival at The Dynasty! Discover the unique and authentic taste and New Year's Eve, 31st December, of Hungarian haute cuisine. we present our special Hungarian Gala Succulent roasts and delicious fish Dinner served from 7.00pm to 10.30pm. dishes full of rich, paprika-spiced
      206 words
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  • Article
    A Christmas message
    353 6 'Twas the night before Christmas, when all through the White House not a creature was stirring, not even a mouse. The stockings were hung by the chimney with care, in hopes that Sears Roebuck soon would be there. The Reagans were nestled all snug in their beds,
    353 words
  • TIME OFF
    • Article
      Lock icon Christmas summing up by publishers
      869 6  -  By EDWIN MCDOWELL NYT CHRISTMAS is always the biggest bookbuying season in America, but this Christmas will be more important than most to the book industry. The reason? "The Christmas selling season will probably answer just how far we've come out of the recession." said
      NYT  -  869 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      332 6 <eSi Britannica 3 and give yourself and your fam 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
      332 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1036 6 GRANGER, C W Trading in Commodities. WoodheadFaulkner. Fourth Edition. 1983. Written for investors and all others in the world of commodities and industry who require a comprehensive introduction to this investment medium. The fourth edition takes into account the latest developments in the commodity markets and includes recent statistics and
      1,036 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      582 6 WHAT'S ON 4' Satyn, the all-girl group playing at Mandarin CONCERTS Familiar favourites concert presented by the SSO. Programme includes Swedish Rhapsody (Alfen), Fantasia on Greensleaves (Vaugh William), The Impossible Dream (M. Leigh), Without You (Thomas Evan and Peter Ham), The Sorcerer's Apprentice (Dukas) plus Strauss favourites. Dec 29 and
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1574 7 mm is m a m M**®* m itr w uks« m iH £25® l\\f t>l/i S 1 iv' V, k%m m m W^w/ it^ 1 *> ;:*A» ;e>^ Ei *j m >",\V 3 r .-"M'&Jiii Jk A TWO-IN-ONE BUT PLEASE READ THE RULES FIRST THIS giant crossword is a challenge
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      452 8 Where to wine, dine and entertain BUS with the American Express Carda YOU d n t already have ,he Card < ca *****33 for an application form"' 4 "Let's Haw f Nmya c Food VJC this Sunday" 1 "Daddy, what's Nonya food?" "Nonya fowl is a creative cuisine developed by
      452 words
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      Page 8 Advertisements Column 2
      275 8 w JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentic ally Japanese delights. (ilaih' IIS MM >11 .">*/> m I> lit)[> i> 10 [< rn For reservations Mk IS. <*i il 111'\ I 'jii'k Slicrnion S»iit£»;2i| Nd-.si'n H- Si'iQHDO'r 025. > '*>>7 OfJtTci'ed ov ANA HOTE LS INTERNATiGNAL For reservations
      275 words
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      Page 8 Advertisements Column 3
      331 8 2-i c Treat yourself your loved oqes to a bumper VCmas fare 24th DEC 1983 Cafe Vanda -Special Christmas Fve Set lunch Dinner, entertainment tr< >m Pianist cum Singer. Mr Dick Hobday. i Dinner -Set Lunch S 16.00** per person -Set Dinner (a S2*> <«>** per person, inclusive of one
      331 words
    • Advertisement
      Page 8 Advertisements Column 4
      241 8 Featuring Robert De Blanc, Les Girts and the Brisco Inferno Band Live at the Top of the Hilton. 27-31 December. Nightly 1030pm. It's a show that will leave you breathless. C.wcn Brisco is tine performer who simply explodes with energy. She's been likened to he a mixture of Diana Ross,
      241 words
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      Page 8 Advertisements Column 5
      177 8 (iyf 't* |g has* A jjrc.it plate to unwind with friends, ixt our 2 talented kinds entertain you with scnsation.il music hile you stp over a cool drink. 20% discount on all drinks during, happy hours fsp§« 7pm daily) hours; f P SMGAPONF For information reservation*. please call 7****** ext
      177 words
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  • RAW MATERIALS
    • Article
      PALM OIL
      156 9 THE Malaysian crude palm oil market yesterday closed higher am covering ahead of the Christmas holidays. Expectations of tight supply continued to boost with a firmer close in the Chicago soybean complex adding support. In December, central rose Ms3s to M 51,630 a tonne and south Msls to
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    • Article
      SOYBEAN
      182 9 SOYBEAN futures in Chicago on Thursday ended 16'/« to seven US cents a. bushel higher in moderpqjly active trade. January, traded in a 13 cent range. Prices rallied with silver futures near the close as locals covered short positions In extremely thin holiday Ice on the mid-Mississip-pi Rivfer continued
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    • Article
      WHEAT
      155 9 WHEAT futures in Chicago on Thursday ended from IV* US cents a bushel lower in May to '/♦-cent higher 3n September in extremely quiet pre-holiday trade. March traded in a IV4cent fange, unchanged since midsession. Bangladesh's pass on its export; tender and large Brazilian purchases of Argentine wheat weighed
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    • Article
      Produce exchange
      159 9 CHINESE Priiiee Exchange, Singapore, closlag prices per IMhg yesterday. Caeaaat all: Bulk fob $196.00 sellers, old drum (in second hand drum) fob $211.00 sellers, new drum fob $215.00 sellers. Capra: Mixed (loose) $116 buyers. Pepper: Muntok white pepper fob Asta NLW $680.00 sellers, Sarawak white pepper faq fob
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    • Article
      TEXTILES
      194 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsa Yara: China Blue Phoenix 20's 3,010, 32's 3.350, 40's 4,450 (per bale of 400 lbs). Piece Gssds: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and Butterfly
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    • Article
      RICE
      331 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 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
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    • Article
      RUBBER
      295 9 THE RUBBER market in Singapore yesterday closed slightly firmer with January One RSS buyers quoted at 235.75 cents per kilo, up 0.25 cent from Thursday's close. The morning market gained 0.25 cent in quiet trading. Prices remained unchanged around lunch time levels in very quiet afternoon trading. In Kaala
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    • Article
      RAS PRICES
      272 9 RAS price* In cenu per kUo yesterday: Noon (per kilo) Buyer* Seller* Int. 1 R.S.S prompt t.o.b. 231 75 232.7SN Int. 1 R.S.S January 235 75 236.25 Int. 1 R.S.S February 240.25 240.75 Int. 2 R.S.S 230.50 232.50N UK Coot 229.50 231.50N Int. 3 R.S.S 226.50 228.50N UK/Cont
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    • Article
      SSR and SMR
      117 9 NOON SSR and SMR pncaa ymt lardajr KA8 Juaarr (Carrant Mtk) Buyara 8a tiara F.braao (Forward Mtk) Barara Saltan SSR 20 (1-toa palWt) 206 SO 207 50N 207 00 308.OON SSR SO (l-Ma pallat) 203.50 206 SON 306.50 307. SON MRELB Juun Fabmary SMR CV (l loo
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    • Article
      CLOSING PRICES
      30 9 Rubber: Dec 23 Singapore: January: 235.75 cents (up 0.25 cent) Malaysia: January: 261.50 cents (unchanged) Tin: M 529.16 per kilo (down one cent) 146 tonnes (up one tonne)
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    • Article
      Straits Tin
      75 9 THE Straits Tin price in Penang yesterday fell one cent to Ml2f.lt a ldlo, bat was still one cent above the ITA floor level of $29.15. Dealers said the buffer stock manager continued to absorb the balk of the disposals in the absence of foreign demand, while local
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    • Article
      Lock icon Drop in Malaysian crude palm oil output
      106 9 AFP MALAYSIAN crude palm oil (CPO) production for the first 11 months of this year has declined to 2.8 million tonnes, down 14.3 per cent from the same period last year. Cumulative palm kernel production for the same period has also dropped but
      AFP  -  106 words
    • Article
      Lock icon Speculators turn to US$ as secure haven for funds
      998 9 AFP SPECULATORS favoured the US dollar instead of commodities in the latter months of 1983 as a more secure haven for their "footloose" funds, resulting in quieter conditions among commodity markets after a highly volatile followthrough from last year's erratic movements.
      AFP  -  998 words
    • Article
      LONDON MARKETS
      1008 9 COFFEE: Robusta futures yesterday closed £7 a tonne higher to £7 lower after a quiet, featureless holiday shortened session. The market opened up to £18 higher with New Yorkbased gains extended by light mixed buying. Most active March last traded at £1,945,15 below the high and down from
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      192 9 DEC a v. m CORBKILLE Air-Liquid* SB Aqultain* Nat Dm Pctrttie 199 JO BSN (Mhm Danon*.: 3M0 C 8 r CQionuonC*f)—_ 300.00 CI* Franealae 12 96 ♦9l» Flnanclere d* LUnlon Lafart* 279JO Moet-Henneuy U79 Opft-Parlba* 196 Pcnarroja Radio technique 414J0 GROUP C Comoacnle ♦U -0.1 +3 1 0J 14J
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    • Article
      Brussels
      93 9 DEC a 2 FORWARD Itl MARKKT Or Bru Lamb Hobo* Pctro Ryt Dutch Sldro 8oe 0«n Be if Soflna Soirmj a V Mont Z3BS 5330 30 10 Anc AitMd A»Uir Brtaran Cinpu rvwk 030 +4 9060 MB 110# 100 15 -10 1340 600 1746 2 5 5 10 10
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    • Article
      Frankfurt
      88 9 DEC 23 Dm Hoaach 108.00 2 Ae^- Tele fun ken 81 JO 170 40 +SJ J A Horten Kantadt 184.00 *****B I Bam BMW Conotntuk Contt Ouaml 170JO <33-00 110 JO lit JOB M 2J 4 SJ u~«Mannesmann Ptilllpa Komm 286.00 ***** 137 JO 332.00 uneh Daimler-Bam 9*7 00
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    • Article
      Milan
      97 9 DEC 22 Ure ButOfl 134 75 -4J5 Bel MM .40 Centrmle Ord 1130 Cond Acqaa Rom* Ertdanla 7080 -138 Fl*t Ord ran a Oenermil ***** -Mo Olm jmo .*2 It1 Prhr 47« 11 ln»«*t 3000 4B ItalcemenM' Ord ***** -770 I lain* imt LepeUt Or* Med to bancs WOO
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    • Article
      Zurich
      196 9 <■ DEC a Franc* Actions SlflMM 311 1 AJusulsae Br. aao >42 Alumtw Reg. Brown Bofrl Br. 306 MOO 414 30 Clba OetfT Br 200 SO at* Oclfy fC_ 1/J0 90 aba Oetfr Reg. loao 36 Credit Sulaae Br 2370 10 Credit Suisse Re( 429 1 Elektrovmtt Br. »00
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    • Article
      TORONTO
      179 9 DEC 22 Ct Imp mi jew -H AblUbi Alcan Alfom* 24*B 4* a-. H Im> tat Pro* Pipe tat Utt tatl Nickel is* 33* 29* -H Bank Mont Bank Norm Scotia Bell Tel BP Can Ltd Braacan 27* 22* 36* uneh IS Kerr Add Lobiaw B Maw; Perj Me
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    • Article
      JO'BURG
      266 9 DEC 22 Rand INDUSTRIALS Un Staei Unlaec Wool worth 510 1400 unch uncb unch A Alpha Abercom AE And CI *10 HO MO 10 unch -10 Anglos MININGS 1M0 isar* 406 277SB unch Anglraal 64SOB Blyroors Bun«is ***** -26 C O Smith 1326 2425 10 Charter Chckers CNA Currte
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    • Article
      Amsterdam
      186 9 DEC 22 Fla ABN 372-50 0.3 Ahold 166 00 2.7 Akso 93-30 16 AMEV 154 00 2 Amfu iao W 0.4 Amrobnk 61 00 -04 Berk 37 JO 06 BoU 96.00 2J BoreumlJ moo I Bosk* 40 30 -OJ Burtet 50 30 -09 Caland C&Jv 34 ao OJ 350
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    • Article
      Stocks close lower
      606 9 NEW YORK WALL STREET stock prices closed lower in heavy trading on Thursday as nervous investors unloaded airline and utility shares, ending a short-lived rally. The Dow Jones Industrial Average, which managed a 13-point rise on Wednesday, finished on Thursday at about 1254, down over one point.
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  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2856 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 after
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  • Article
    SHARE INFORMATION SERVICE
    3606 10 Gr*s Gr*s Net 1983 Last Div Div YTd P/E Vol Day High Low Compaay Sale or- C*VT (•000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 380 236 Acma 248 -1 7.5 33 240.0 11 248 248 354 148 Alcorn 285 -4 5.0 33 1.7 253 1 285 285
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  • Article
    Unit trusts
    180 10 Maaagere' prleei i far Dee U 27 8D4GAFOBB UNIT TBUBT DIAMOND MOT 1 HYOU The Commerce The Savings Fund Spore Prog Fund S pore Sec. Fund S pore Invest Fund S pore Equity Fund 3 42 104 148 2.23 1.18 i.e 3 63 117 137 117 LS 154xd
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  • Article
    In Kuala Lumpur
    2172 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. INDUSTRIALS Arm* (2 80S) AjMOMto (4 OOB) Ak*a (3.128 3 ICS) (10)
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  • Article
    Stock market remains quiet
    872 10 THE lecal stock market remained qaiet yesterday with the undertone steady during the morning bat setter daring the afterMM. Activity tended to he cmcentrated nn selected shares ealy. At the end sf the day, the Straits Times Indnstiial Index was op 2.TJ pelnts to 887.81 while
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  • Article
    KL prices edge slightly higher
    586 10 SHARE prices on the Kuala Lumpur stock market closed mixed to slightly higher yesterday in spite of intermittent bouts of profit-taking. The market started generally higher but later drifted listlessly till noon. In the afternoon, buying interest was seen among selected counters, particularly those in
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  • COMPANY NEWS
    • Article
      Lock icon US Steel may close some of its plants
      627 11 FT THE BOARD of US Steel, the largest US steelmaker, will meet on Tuesday to consider, and probably vote, on a radical restructuring plan which could involve a major cutback in its basic steelmaking capacity. The plant closures, designed to streamline operations,
      FT  -  627 words
    • Article
      DIVIDENDS ANNOUNCED
      508 11 Curat Ex Backs Data Tttal far TMal far Paymeat 13%I Data Clan Payable NYA (fee year PIWIMS ABN Aug 23 NYA 13% 26% AmISM 6%TE(b) Dec 6 Dec 16 Dec 31 6%TE lakw 19% Nov 30 Dec 10 Jan 3 26% 29% Batta* 5%<b) Jun 15 Jun 27
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    • Article
      SCRIP ISSUES
      442 11 Cwpaajr PirtMan n» Date Beaks Q Bate Bonus issue of 3 for 8 Dec 14 Dec 26 BedtoN Proposed rights issue of 2 for 1 C C $0.50 per share NYA NYA Proposed bonus issue CASH of 1 for 4 NYA NYA Proposed bonus issue of 1 fori
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    • Article
      UMF reaps M$6m from revaluation
      312 11 UNITED Malayaa Flair Mill# Bhd (UMF) has reval■ed lis lmmcvftMr properties tod credited a revalaattoa surplus if MH.U mil11m to Its capital reserve. Ia 111 latest assist statement, UMF ehalrmaa Datak Saw Chee Theag said that the revalaatlaa was daae daring the year by ladepeadeit
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    • Article
      Diversification will widen National Iron's profits base
      672 11  -  Market Talk By RAMESH CHANOIRAMANI IN THE long run, Nnttf I Iraa aad Steel Mills LM will be broadening its earnings base through the group's diversification into high technology steel and building related activities. In its latest investment and financial services newsletter, local
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    • Article
      Lock icon Season of cheer for American retailers
      869 11 NYT A HIGHER-than-expected swell of Christmas buying across the United States is expected to present the nation's retailers with their own holiday gift their best profits in recent years. The sales surge means that retailers' pre-tax earnings in December and the fourth quarter should
      NYT  -  869 words
    • Article
      COMPANY MEETINGS
      94 11 MALAYAN Glass Factory Berhad: Twenty-Second AGM to be held at 72A, Jalan Tampoi, Johor Bahru, Johore on Dec 28 at noon. SIM LIm Iiveitmeiti Limited: EGM to be held at 10 Jalan Besar #17-00, Sim Um Tower, Singapore 0820 on Dec 28 at 11 am. BATA (Malayrta) Berfcad:
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    • Article
      Bid for Kleinwort Benson
      127 11 BROKERS L Messel Co are bidding in the market at 395p a share for up to 10 per cent of merchant bankers Kleinwort Benson Lonsdale PLC on behalf of an investment managment company acting for Middle East investors, a Messel spokesman said. Kleinwort shares were traded
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  • ASIAN STOCKS
    • Article
      Sydney
      428 11 SHARE prices in Sydney closed firm yesterday in more active trading after a dull opening, with gains outnumbering talis by almost two to one, brokers said. The pre-Christmas half, day session ended with the All Ordinaries Index one point higher at 762.5, the All t) Industrials Index up L
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    • Article
      Market ends steady
      360 11 HONGKONG PRICES in Hongkong closed steady yesterday on sporadic book-squaring purchases ahead of the Christmas holiday, brokers said. The Hang Seng Index ended 3.74 points higher at 867.30. Among leaders, Cheung Kong rose five cents to HKJ7.IS, Hongkong Land 2Vi cents to $2.85, Hongkong Wharf 2Vi cents
      360 words
    • Article
      Tokyo closes slightly lower
      487 11 SHARE prices closed lower in moderate trading yesterday after profit-taking wiped out early gains, dealers said. The market average fell 25.25 points to finish at 9,684.17 after falling 8.23 points on Thursday. It was 14.01 above Thursday's closing level at one point yesterday morning. International popular»
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    • Article
      Bangkok
      185 11 SHARE prices in Bangkok closed generally steady in slow trading yesterday, dealers said. The Book Club Index (ell 0.05 to 120.01 with 86,948 shares traded. Bangkok Bank, Jalaprathan Cement and Thai Fanners Bank ended unchanged at 240, 129 and 252 baht respectively while Maboonkhrong gained 0.50 to 86 and
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    • Article
      Manila
      111 11 SHARE prices closed mixed in Manila yesterday but analysts said a mining sector improvement reflected higher New York copper prices. DEC 23 Peso* AcoJe Mlninf Anflo Phil Apex Mining B AUu Con B om unch 4150 1 -OJOU unch Bafulo Gold 0001 Basic Petroleum 0.007 B 25 Pint Phu
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  • Chief Price Changes
    • Article
      SINGAPORE
      163 12 Rises Ay#r IliWB ODD 100 K t»H r »l*> *ao fWsta JH Jarka III SMi S«l l'«CM*U > «o Oxford ftO« JT» 9»l Prop»ril*» fllO 35 9 P T»xtiJ< SB W»in»t (M l« T Htrbvur Oc -na B l-ro»f frcdil no 4 15 a T F in# itao 4
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    • Article, Illustration
      KUALA LUMPUR
      168 12 Rises Jb#-V tnU TOO K T Pau (TO HO (Cramai Tin CO 456 Set Pnip «5 3S T-ilom 1670 ♦:«> L f 1 Corp 182 77 Wparnes SOD *u Bedford 414 ♦30 C Prop SOD *70 M Banking imo '20 CASH 30 SEA Corp H L Gr*dit 1470
      168 words
    • Article
      Selected indices
      50 12 H.K.HANG SENG Friday 867.30 Thursday™ 863.56 Week Ago 860.77 Thursday 761.5 Week Ago 756.0 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Friday 993.6 Thursday 992.3 Week Ago 982.6 Thursday 776.2 Wednesday 772.0 Week Ago 752.8 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Friday 762.5 Thursday 1253.66 Wednesday 1254.98 Week Ago 1236.79
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  • Article
    LONDON STOCKS
    889 12 THE market opened mixed yesterday, with trading quiet ahead of the long Christmas weekend, dealers said. Thursday's closing middle prices of selected stocks, excluding stamp duty, were: RUBBER PHYSICALS LONDON, Thurs Spot rubber closed at 82 50 84 00 pence a kilo today, with Febuary at 84 75
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  • Article
    Deal to take over UPP called off
    783 12  -  MHHR Companies Editor: ALAN LEE By ALAN LEE PROPERTY magnate Ho Whye Chung and his banker friend Ho Sim Guan have called off a proposed deal to take over publiclisted United Pulp and Paper Co Ltd (UPP). The decision, announced yesterday in a
    783 words
  • Article
    Tuan Sing keeping up campaign for SPP shares
    465 12  -  By CHAN OI CHEE TUAN Sing Holdings is not relaxing its efforts to persuade more SPP shareholders to part with their shares. In the latest of a series of press advertisements yesterday, Tuan Sing, through its merchant bank NM Rothschild strongly urged
    465 words
  • Article
    UEM to sell property to M Breweries
    174 12 UNITED Engineers (Malaysia) Bhd (UEM) has signed a conditional agreement to sell its Jalan Sungei Besi property to Malayan Breweries Sdn Bhd for $18.1 million cash. Announcing this yesterday, UEM said the sale is subject to the approvals of the FIC and the
    174 words
  • Article
    Group pre-tax earnings rise 40.7pc at NST
    333 12 NEW Straits Times (Malaysia) Bhd (NST) has registered an impressive M.7 per rent increase in group pretax profit* U M 543.82 million far the year ended Aug 31, IMS. ThLs compares with group earnings of $31.15 million achieved in 1982. Group turnover during
    333 words
  • Article, Illustration
    Lock icon Who owns Gadek now?
    575 12 Taking Stock... By Hock Lock Siew I SOME companies appear to have a penchant for creating mysteries. And the KLSE normally is depended upon to be the key body in such situations where the public are normally placed under test to solve such mysteries. One such
    By Hock Lock Siew  -  575 words
  • Article
    Chase to bid for Dutch bank
    212 12 CHASE Manhattan Bank is to launch a US$43 million bid for full control of Nederlandse Credietbank (NCB), the fifth largest Dutch bank in which it has a 31.5 per cent stake. The bid marks a further stage in the New York bank's efforts to
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      129 12 Decor Guide > (HE^Siisji^^BIISSBC a LIVING AREAS Choosing the right upholstery. Look up Living Shopping which lists a choice of fabrics. Bedrooms are more than just for sleeping. Ingenious ideas to convert them into sleeping-cum-study areas. Invitation to All-in-One dining and sitting in Japanese style. UJ KITCHENS What colours the
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      76 12 OUTLOOK for today: Windy; with showers in several areas in the afternoon. Report for 24 hours prior to 7.31 pm on Dec 23 at the airport: Maximum temperature 31.3 Associated humidity 60 Minimum temperature 24.0 Associated humidity 88 Hours of sunshine 5.25 Rainfall in millimetres Nil Total rainfall for the
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