The Business Times, 25 February 1984
1984-02-25
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The Business Times
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Title Section12 1984-02-25 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, FEBRUARY tS, 1184 60 CENTS12 words
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305 1984-02-25 1 SINGAPORE Airlines has rejected a direct loan of US$l53 million and a credit guarantee of $363 million offered by the US ExportImport Bank for its purchase of the engine component of the last six 8747 Stretched Upper Deck (SUD) aircraft. A305 words
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Article, Illustration587 1984-02-25 1 WANG LOOK KEAH - By WANG LOOK KEAH LAND occupied by Capitol Theatre, Shaws Building, Stamford House, Eu Court and some shophouses along Hill Street will soon be acquired by the government for urban redevelopment. This announcement has upset the redevelopment plans of some of the587 words
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500 1984-02-25 1 AP A HALF-BILLION US dollar venture between China and Occidental Petroleum Corp of the US to build the world's largest open-pit coal mine is near collapse because df money problems, American diplomatic and business sources said in Beijing yesterday. "My understanding is theAP - 500 words
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250 1984-02-25 1 AN ESTIMATED $12 million was spent within four days by foreign delegates who attended the sth Offshore South-east Asia Conference and Exhibition. "This 'Instant tourism' should be a boon to the tourism industry," said Mr Hugo Johnson, a director of the exhibition's250 words
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BRIEFLY...
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Article80 1984-02-25 1 THE British Airways Concorde will be flying here on Monday on a charter flight. Flying in from the UK, the Concorde will be landing at Changi Airport in the early afternoon with some 100 passengers on board. The passengers will be joining the Queen Elizabeth 2 on80 words
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Article75 1984-02-25 1 Reuter MALAYSIA plans to set up a plant to convert crude palm oil (CPO) into diesel by June 1985, Primary Industries Minister Paul Leon? said. He told a press conference that an official committee has also recommended building a plant to convert palm oil effluent into biogas. TheReuter - 75 words
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Article63 1984-02-25 1 Reuter TRUCK drivers throughout France yesterday responded to appeals from their leaders and began to lift a blockade which has paralysed the country's road system for the past week. Police reported less than 50 blockades throughout the country compared with more than 300 on Thursday, and aReuter - 63 words
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Article70 1984-02-25 1 Reuter THE British government announced measures yesterday paving the way for private ownership of the lossmaking crown agents Purchasing and Servicing Agency. The 151-year-old agency provides financial and commercial services to about 100 foreign governments and 300 overseas public and international bodies, including the United Nations. Timothy Raison,Reuter - 70 words
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Article106 1984-02-25 1 Bernama THE flood situation in Segamat, Muar and Batu Pahat in Johore remains unchanged in spite of the good weather. A total of 7,971 people were still in 30 evacuation centres in the three districts yesterday evening. A spokesman from the state flood operations room in Johore BaruBernama - 106 words
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Article54 1984-02-25 1 Reuter AMERICAN consumer prices increased a seasonally adjusted 0.6 per cent in January after rising a revised 0.2 per cent in December, the Labour Department said. If last month's rate of gain was repeated for 11 more months, US consumer prices would be 7.8 per cent higherReuter - 54 words
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Article70 1984-02-25 1 Reuter BRITISH Airways flights out of London were grounded yesterday by a one-day strike by cabin staff, and the airline's services from other British airports faced serious disruption, a company spokesman said. About one-third of the airline's 4,500 stewards and stewardesses were involved in the strike, caUed toReuter - 70 words
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211 1984-02-25 1 SINGAPORE'S offshore Wrtiig eeatre Is Ike seeaad largest la the warid after BahasMs, aeeardtog to latest statistics released by Margaa Gaaraaty TMt foreign carreaey assets la the Aalaa «foliar aad Earaearreaey markets as at JaaelttL uBU*T huuUrwps^ S" Us! if iffshiii hrtlai mail211 words
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348 1984-02-25 1 SOH TIANG KENG - By SOH TIANG KENG AMERICAN merchant bank, Wells Fargo Asia, will close its Singapore office within the next three months barely two years after it started business here. Its managing director, Mr day Cole, and other senior executives could not be contacted last348 words
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Article46 1984-02-25 1 PRIME Minister Lee Kuan Yew and Foreign immr S Dhanabalan returned home last evening after attending Brunei's first National Day celebrations. Their Singapore Airlines flight was delayed for more than three hours in Brunei because of what an airline spokesman called "operational reasons".46 words
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Page 1 Advertisements
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Advertisement412 1984-02-25 1 Don't miss the highyarn show of the year ASIATEX S.E. Asia's 2nd International Exhibition of Textile and Garment Machinery and Fabrics Trade. 10-14 APRIL'B4WTC miius HEWLETT Packard plans to design its own sophisticated integrated circuits.... Page 2 SIA dispels speculation that its sports club might be sold Page 2 REACTIONS412 words
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Advertisement179 1984-02-25 1 buy best at exhibitions INTERFAMA EXHIBITIONS organised for business 1. Maritime Square 12-05 World Trade Centre Tel: *****12 Tlx: RS *****INFAMA Save your company time and money US easy with Hongkongßank I X Hongkongßank auto Pay is an electronic payment system which permits the automatic transfer of funds to or179 words
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HOME NEWS
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Article, Illustration373 1984-02-25 2 BOEY KIT YIN - By BOEY KIT YIN HEWLETT Packard (S) Pte Ltd plans to design its own sophisticated integrated circuits (ICs)when its new building at Depot Road is completed. Mr Walter Sousa, managing director of Hewlett Packard (South-east Asia operations), said that the company373 words
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Article215 1984-02-25 2 INTERFERING with the market mechanism, while useful in solving the transportation problem, will lead to other more serious problems. The Permanent Secretary (Communications), Mr Han Fook Kwang, said this in his letter to the press, explaining why the proposal to decentralise the Central Business215 words
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471 1984-02-25 2 ACORN Computers International Ltd has found a clever way to do business and provide a public service too. In a pilot project with the British Council, Acorn will work with language teachers to create better software for computers used in the classroom. British471 words
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388 1984-02-25 2 DEFENCE will be made a lifelong commitment (or every able-bodied man and civil resource* will be mobilised in the concept of total defence for Singapore. Mr Gob Chok Tang, Minister of Defence and Second Minister for Health, in his address to about388 words
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Article79 1984-02-25 2 THE new ambassador of the Federal Republic of Germany, Dr Richard Look, presented his credentials to President Devan Nair at the Istana yesterday. Dr Louis, who holds a Bachelor of Arts degree in Economics adn two degrees in Law, has been West Germany's Counsul-General in Sao Paulo79 words
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433 1984-02-25 2 JAIME LYE - By JAIME LYE SPECULATION that Singapore Airlines' controversial $11 million sports club might be sold or its membership opened to the public has been dispelled. SLA has let it be known that its sports club is not (or sale. Neither does433 words
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301 1984-02-25 2 IMPROVEMENTS will be made at the Central Registry of Disabled Persons. The Ministry of Social Affairs intends to have the registry function as a focal point of reference for organisations providing services to disabled people. It would also be improved to enable it to301 words
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Article92 1984-02-25 2 ADMISSIONS officers from II American universities will be in Singapore (ran today to Tuesday to provide information on higher education in the US. As the number of college-age Americans decline, there is a growing interest in attracting well-qualified students from other countries, particularly South-east Asia. Id92 words
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377 1984-02-25 2 AN ATTEMPT to make it uniform (or all employees of United Malayan Ranking Corporation to retire at 80 was yesterday rejected by the Industrial Arbitration Court. The Singapore Bank Employees' Union had requested to change an agreement it made with the bank because377 words
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469 1984-02-25 2 LEE HAN SHIH - By LEE HAN SHIH THE success of Shakey's pizza in Asia has prompted the US company to use it to woo potential European franchisees. In an advertisement placed recently in The Ecoaomtst, the company cited 10 countries outside the US as successful franchisees of469 words
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430 1984-02-25 2 MONICA QWEE - By MONICA QWEE GREY Advertising Inc in New York has alerted its Singapore affiliate, Adcom A Grey, to an unusual case of "copyright infringement". Executive chairman of Adcom 4 Grey and president of the 4As, Mr Vince Khoo, said a rival International agency has been430 words
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Article418 1984-02-25 2 THAI International, after an almost 25-year association with Scandinavian Airlines System (SAS), has decided to go solo. The two carriers have Jointly agreed to the division, on the grounds that both need to establish separate identities and develop different marketing strategies. The decision (or the418 words
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Article, Illustration604 1984-02-25 2 DUNLOP Singapore has appointed Mi Baring as regional export manager, tyres. Mr Haring has spent 35 years working for Dunlop in tyre technical sales. CEREBOS Pacific Ltd has appointed Caaale Tu Hat Siasg as new products manager, Far East General. She will take on the task of604 words
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Article, Illustration388 1984-02-25 2 JOANNE YAP - By JOANNE YAP ASEAN and the Canadian province of Alberta have a good chance of carrying out bilateral trade with each other, specially in the field of oil and natural gas. Alberta's Minister (or International Trade, Mr Horst Schmid, expressed this view when he388 words
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Page 2 Advertisements
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Advertisement73 1984-02-25 2 Dragon Showcase in association with Edsam presents WrSs Si® SOSS* Roses are re® Blue on bluel» "Blue velvet" jl together "live"at the Neptune Theatre Sunday 4th March 1984 Matinee show: 4.30pm $75 nett Dinner show: 7.30pm 165 nett Non-diners: 9.00pm $95 nett Tickets available: Mandarin Singapore Restaurants Show Reservations Counter73 words
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Advertisement0 1984-02-25 2 :|&\{$','_&~=_%?>;{|!!"`=(),/@)0 words
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MONEY AND EXCHANGES
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Article474 1984-02-25 3 ACTIVITY on the local foreign exchange market yesterday was restricted to commercial selling. In preparation (or the weekend, dealers tended to stay away from the market. The US dollar opened at 552.1268/75 against the local currency. It did not go beyond this level but instead, dropped to 552.1250/55474 words
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Article293 1984-02-25 3 GOLD futures prices in Singapore yesterday closed slightly higher in quiet trading following the metal's strength abroad. The weakness of the US currency and Middle East tension also contributed to the bullish sentiment.. Prompt closed at US$4OO.BO/401.30 an ounce compared with $399.00/ 399.50 in New York, April at $404.00/404.20293 words
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Article33 1984-02-25 3 New York 9.738 9.67B 9.7BS 9.72S Zurich 9.S7B 9.428 9.77S 9.47S VM 1km Singapore 9.738 9.80B 9.80S 9.906 Closing prk mi in US dollars a troy ounc Source: Credit Suisse, S'pore33 words
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Article218 1984-02-25 3 THE DOLLAR yesterday closed mixed on pre-weekend position adjustments, rising to 233.55 yen (ram the 233.30/40 New York finish but easing to 2.6174/81 marks (ram 2.6485/6500, dealers said. Some hanks liquidated long yen positions, disappointed by the yen's inability to follow the mark's recent steep rise against the dollar.218 words
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Article23 1984-02-25 3 THE average rate at which major Singapore banks are currently prepared to lend to their beat customer* is 0.125 per cent.23 words
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Article180 1984-02-25 3 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Feb 24: US Mian Offer BM 7 days 0% 0* 1 month 10 0% 2 months 103/16 10 1/16 3 months 10* 10* 6 months 10H 10H 9 months 1011/16 100/16 12 months 10* 10* Dm. SwJto. /uuji. n.i..180 words
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Article44 1984-02-25 3 RANGE of prices otter ed by dlscount town on Feb 24: Overnight: 3 Call deposits: 2-3 Cloetac 3-month SsDiaf Treasury bills 2H 2V4 3-month Bank bills 77/16 7 5/18 3 months CO 7Vt 7 6 months CD 7H 7H Source: National Discount Co.44 words
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Article47 1984-02-25 3 RESULTS of tender held yesterday (or 91-day Treasury bills to be tamed from Feb 27 to Marl Offered: $130,000,000 Applied tar: Abated: $130,000,000. Aainfiiil kids: $99.33 approximately 23 per cent; higher bids in full. Average rale at dtaeaart aa iHriaiai: 2.650 per cent per annum.47 words
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Article62 1984-02-25 3 THE US dollar yesterday fell on active late selling following an easier opening in Europe. 1 Banknote rates yesterday: (HK per 1): us 7.77/7.79 UK 11.30/11.40 Brunei 3.63/3.65 W Germany 2.92/2.94 Malaysia 3.32/3.34 Philippines 0.48/0 JO Singapore 3.64/3.66 (HK per 10): Burma 1.50/2.50 India 5.80/6.00 (HK per 100): TrwVww^a62 words
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Article60 1984-02-25 3 THE US dollar yesterday opened sharply down (or the third consecutive day in an active and erratic market Opening quotes yesterday: US 1.4675/85 ...1.8305/330 Cross 1.2491/94 DMk 3.8625/70 DF1 4 3620/670 S FT 3.1925/70 B FY con 79.16/29 F Fr 11.9045/200 Lit 2394.00/2398.55 Yen 341.28/81 DKr 14.1715/885 N Kr60 words
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BANKING AND FINANCE
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215 1984-02-25 3 Reuter US monetary and bank reserve data released on Thursday suggest the Federal Reserve is keeping its policy stable for now, economists said. The Fed reported that the M-l money supply rose a less-than-expected US$3OO million in the week ended Feb 13 andReuter - 215 words
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283 1984-02-25 3 SOH TIANG KENG - By SOH TIANG KENG INTERNATIONAL fund management with its worldwide portfolio of stocks and securities offers less risk and higher return on investment. This point was driven home by Mr Gerhard Wehr, vice-president and manager of the fupds management division of Chemical Bank283 words
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Article117 1984-02-25 3 S'pore likely to remain steady A STEADY eatleek far the Hlagapere Mlar is f«recast by Miwfifkwn Haaever Trvt Law laflatlea, peilttcal stability, capital laflaws aad mm the highest grewth rates la the wsrU will keep the Bepabtle's earreacy steady, the baah said yesterday. IMb stability has led te that the117 words
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604 1984-02-25 3 FLORENCE CHONG in Sydney - By FLORENCE CHONG in Sydney REACTIONS to the Martin report, the main recommendations of which are the entry of foreign banks into Australia and the deregulation of interest rate control, have been mixed. While it was generally welcomed by existing banks, it was criticised especially604 words
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Page 3 Advertisements
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Advertisement269 1984-02-25 3 THAIS ASIA > One-stop to Copenhagen, Frankfurt, Rome and take your choice to Paris, Amsterdam and London. Now by Royal Executive Class. Catch Thai on the GREAT CIRCLE EXPRESS ROUTE. It flies the shortest distance non-stop to COPENHAGEN,FRANKFURTJROME and ATHENS. Then onward to the other great European capitals of PARIS,269 words
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OVERSEAS
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Article531 1984-02-25 4 UPI Reuter A FRENCHMAN was arrested at Kennedy International Airport on Thursday on charges that he tried to smuggle a sophisticated computer used in strategic weapons design to the Soviet bloc. It was the second hightechnology weaponry arrest in the US in two weeks. On FebUPI; Reuter - 531 words
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Article210 1984-02-25 4 UPI POVERTY in the US has increased steadily since 1979, even when such benefits as food stamps and health insurance plans as Medicare and Medicaid are taken into account, the US Census Bureau said on Thursday. Gordon Green, assistant chief of the bureau'sUPI - 210 words
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Article750 1984-02-25 4 ARRIVALS Service Local Operator Noaber Time Fron CAL PAA MAS cv MAS sv MAS SIA CAL RBA MAS CPA GIA SIA SIA THAI MAS MAS GIA SIA SIA SIA SIA GIA SIA GIA KLM SIA THAI SIA CPA MAS MAS UL SIA ANZ SIA UTA MAS GIA750 words
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Article228 1984-02-25 4 Reuter A WORLD Bank report says that Third Wsrld countries have reached the limit ef their ability to "adjust" their economies and no farther "belt-tightening" meanares should he Imposed. The report Debt and the Developing World: Carrent Trends and Prospects which was released InReuter - 228 words
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343 1984-02-25 4 UPI THE Soviet Union lodged a "strong protest" on Thursday against the bombing of the Soviet apartment grounds in New York, claiming that the American government ignored requests for more protection. The State Department condemned the bombing, describing it as "contemptible" and saying it wasUPI - 343 words
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232 1984-02-25 4 FT FOREIGN companies' investment in Joint ventures in China more than doubled last year to about US$4OO million. An official of Beijing's Ministry of Foreign Economic Relations and Trade said Chinese and foreign groups invested about 1800 million in 188 Joint ventures between 1979FT - 232 words
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294 1984-02-25 4 UPI JAPANESE car makers have assured their British counterparts they will exercise "prudence" in exporting to Britain this year, not exceeding 11 per cent of the market. The spokesman for the Society of Motor Manufacturers and Traders (SMMT) said theUPI - 294 words
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142 1984-02-25 4 AFT JAPANESE employers have rejected labour proposals to establish a "prior consultation" system on the introduction of industrial robots into manufacturing industries. The Japan Federation of Employers' Association, in a report published on Thursday, asked the management of its member companies to be "prudent"AFT - 142 words
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Article, Illustration367 1984-02-25 4 AFP Reuter WALL STREET guru Henry Kaufman has warned that a decline of the dollar could trigger a harmful withdrawal of capital by foreigners from the US economy. "Foreign holdings of US financial assets exceed an estimated US$6OO billion," said Dr Kaufman, chiefAFP; Reuter - 367 words
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180 1984-02-25 4 AP WEST Germany's parliament has set up a mechanism to keep the anti-Nato Greens party out of a committee that oversees Bonn's foreign spy network. The coalition parties in the government of Chancellor Helmut Kohl used their majority in the Bundestag (Lower HouseAP - 180 words
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Article999 1984-02-25 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO 8Mp Voy Arrival Operator Gdm FCL 1OOtMl Access *****E 26.2.84 0100 O Asia FSB 1200-1300 N4 Meonia 408E ***** 0700 Bakke Slme FSB 0000-1000/1800-1900 P3 Sea Olory 06 ***** 0600-0000/1700-1600 S3 0700 Eastern M TA3 0000-1100/1800-1000 B3 Tambang VII999 words
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300 1984-02-25 4 UPI A HOUSE of Representatives foreign affairs subcommittee has outlined a plan to increase US economic aid and delay some military aid for the Philippines. Democratic Representative Stephen Solarz of New York, chairman of the Asian and Pacific Affairs Subcommittee, said thatUPI - 300 words
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600 1984-02-25 5 AP IF THE latest flare-up of the Iran-Iraq war closes the Strait of Hormuz, the route used by oil tankers to enter the Persian Gulf, oil prices could double within days. But analysts in New York said yesterday that an immediate,AP - 600 words
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133 1984-02-25 5 AP THE US is confident it can prevent Iran from closing the strategic Strait of Hormuz through which tankers pass bearing Persian Gulf oil, a US Defence Department spokesman said. "We feel we can handle any contingency," spokesman Michael Burch told reporters at aAP - 133 words
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162 1984-02-25 5 Reuter IRAQI and Iranian counterclaims about fierce fighting near the Iraqi part of Basra left the spot oil market nervous bat mostly onmoved m Thursday while tanker chartering went on as usual from the Golf. North Sea Brent, officially priced atReuter - 162 words
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Article362 1984-02-25 5 Reuter SAUDI Arabia has announced agreement on a general ceasefire among the warring factions in Lebanon after intensive talks in Beirut and Damascus with Syrian officials. Saudi mediator Prince Bandar bin Sulan ibn Abdul-Aziz, making the announcement at a press conference on Thursday night, said: "ToReuter - 362 words
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Article, Illustration426 1984-02-25 5 UPI A PROMINENT Philippine opposition leader has said that Filipino nationalists opposed to President Ferdinand Marcos feel betrayed by the US. "There is a surging nationalism in my country that feels betrayed by its friends, the US," Senator Salvador Laurel, leader of aUPI - 426 words
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231 1984-02-25 5 UPI STRIKING truck drivers kept a stranglehold on France and parts of Austria, West Germany and Switzerland yesterday, causing shortages of medicine and food. A go-slow strike by Italian customs officials, causing massive frontier traffic jams that snowballed into a French truckers' strike for betterUPI - 231 words
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WORLD IN BRIEF
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Article340 1984-02-25 5 Agencies THE proportion of immigrants arriving in Australia from Asia in September last year almost doubled compared with the same month of 1982. Government statistics just published also reveal that four out of 10 immigrants during that month were Indochinese. THERE is "absolutely m evidence" thatAgencies - 340 words
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270 1984-02-25 5 THE suicide of Israel's most prominent banker while under investigation for alleged irregularities could have widespread political and economic repercussions, according to politicians representing various parties and leaders of the banking world. Mr Yaacov LeVinson, 52, whose financial know-how built the Histadrut trade270 words
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165 1984-02-25 5 AFP FOREIGNERS own about 1,300 hectares of land in several major towns in Malaysia. Minister of Land and Regional Development Datuk Rais Yatim yesterday told a conference on the National Land Code Amendments, which is due for presentation in Parliament early next month, thatAFP - 165 words
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558 1984-02-25 5 AP A PLAN approved on Thursday by the Japanese government's Space Activities Commission calls for the development of a rocket by 1991 that could launch satellites weighing as much as two tonnes, a spokesman for Japan's Science and Technology Agency said. The newAP - 558 words
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Article, Illustration466 1984-02-25 5 SHAHRIR ARIFF - By SHAHRIR ARIFF THE level of oil production in Brunei will be maintained at a more rational level to prolong the prosperity now enjoyed by its people. Sultan Sir Muda Hassanal Bolkiah said this at a royal banquet on Thursday nightAP - 466 words
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Article104 1984-02-25 5 AP THE UB to aware Assart Mi ke at the ezpm mt Mate £wtL ST 17 tarday tj£TJTus Ugger threat Is then thaa theB««M Mm ia the Mr Dm, whs arrived la *'M* m Wednesday Is attend Hi first aatieaal day rrifhntttm, said that U8AP - 104 words
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Page 4 Advertisements
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Advertisement21 1984-02-25 4 Fly Pan Am To The USA Daily And To More Than 60 U.S. Cities, i Pan Am.You ant Beat Die Experience.21 words
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Page 5 Advertisements
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Advertisement167 1984-02-25 5 Bring Lfl Joey to the course. And play golf the convenient, comfortable way. Li'l Joey from Kangaroo of USA is a motor caddy designed for easy manoeuvring on the course ft and supremely simple operation. Lightweight, yet ruggedly built, Lfl Joey can carry y your bag with all your clubs167 words
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Article517 1984-02-25 6 GREY PHILOSOPHY is not a subject of study at the university's faculty of Arts and Social Sciences. We were therefore in the dark about it, not knowing what to make of a press statement about one of the world's largest advertising agencies having alerted its affiliates517 words
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Article, Illustration1257 1984-02-25 6 MONICA GWEE - Viewpoint By MONICA GWEE WHAT do Chuck E Cheese and Mr Munch (who is purple) have to do with the fortunes of a shopping centre? When adult gimmicks stop working, Mr Munch and his bearish consort, Chuck, work with management in extending their1,257 words
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Article, Illustration315 1984-02-25 6 Computers are becoming a punny business THESE is mere to nmpiten thaa Mftwm ud hardware, la ease yen are net aware, this calnmn recently featured a Hsagksag esmpaay selttag cam pater aaderware. The latest is a claim by aa Americas eempaay that "asw there to Kim ware", beware to315 words
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Page 6 Advertisements
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Advertisement128 1984-02-25 6 When it comes time to speak your mind or write a note, are you afraid to use that one zingy right word? Do you settle for the same old humdrum words because you're just not sure? You don't have to be frustrated and insecure about words any longer. Reader's Digest128 words
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Page 6 Miscellaneous
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Miscellaneous908 1984-02-25 6 iTJI/lS SINGAPORE 5 J 1.00 PM Opening and Propamine Ifighfights Mowed by Sesame Street: Learn more about the letters "Y" and "J", and the number "2". 2.05 Flash Gordon (Cartoon) 2.35 Saturday Matinee Fattier Came Too: Two newly-weds are forced to share their nuptial bliss with the bride's overbearing actor-manager908 words
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TIME OFF
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Article, Illustration1060 1984-02-25 7 TSANG SAU YIN - By TSANG SAU YIN AN exhibition of Oriental porcelain and Delftware coming on the first week of March at the National Museum Art Gallery should generate a lot of interest here. In Hongkong, 20,000 people trooped to the Hongkong Museum of Art1,060 words
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Article355 1984-02-25 7 DAVID Bewte said, "Pit ea y-ear red Am aad daaee." J<k> Lee Hooker, two deesdes Mere Mag Ike lavttatiea, "Pat ea year Ugh heeled «eaken", hat the heat kaewa feetwear la pep mule kistory were the Blae Saede Sheee ef Elvis Presley (whe355 words
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Article, Illustration553 1984-02-25 7 PETER WONG - By PETER WONG GONE are the days when lounge scenes consisted of a bar and a few wooden boards for the stage. Lounges have since become lavish as hotel managements and individual entrepreneurs grow more imaginative and innovative. The Rainbow lounge, for instance,553 words
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Page 7 Advertisements
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Advertisement202 1984-02-25 7 ie~ V >23 "V rss n ■< ik A > X I V 4 <* •V v* < "i for geo-political advantage; the reasons behind the Israeli invasion; the effects of the assassination of President Jemayel, the Shatilla and Sabra massacres, and the bombing of the US Embassy in Beirut202 words
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Page 7 Miscellaneous
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Miscellaneous1209 1984-02-25 7 WHAT'S ON CONCERTS THE SSO and Felix Slovacek. Programme: Serenade No 11 for wind instruments in E flat major, K375 (Mozart); Adagio for saxophone and strings (Marcello); Saxophone concerto in E flat, op 109 (Glazunov) and Symphony No 2 "Little Russian", op 17 (Tchaikovsky). Feb 25, Victoria Concert Hall, 8.151,209 words
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Page 8 Advertisements
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Advertisement877 1984-02-25 8 Where to wine, dine and entertain toda The total card that incorporates the features of a credit card, charge card, cheque card, cash card and purchase card neatly into one. Call Julia at *****97 (20 lines) tor an application form. Surprise! Surprise! Cuisine en Evolution. Deemed the ultimate in gastronomy877 words
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Advertisement139 1984-02-25 8 m For information reservations, please cat) *****22 eat 133/917 or direct line *****42 I^l restaurant sumptuous delicacies from the Hunan Province. novotel orchid m Singapore 214 Dunearn Road, Singapore 1129 Tel: *****49,*****22 eJgjgl I >: r T m i Tg I 1 DISCOUNTED HOURS STTTK r/a^r< »ihi in raMilii K139 words
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INTERNATIONAL STOCKS
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Article119 1984-02-25 9 ma m GROUP B CORBBILLR Air-uquida am unch Camfour MB -M rinanctara da I/Unlon M Latent an 13M >*' DM HW>_ as as •M BMftnm PMrrqi M W iik|M 3M unch car (TtKx&a 3M GROUPC CI* huMlM 4M PttniM 4 CMN Ponctar Da fiMM MB Oaoarala Oeddantala Wl -I119 words
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Article72 1984-02-25 9 r*a m m Of Bra Lamb Hotook M +40 am *m FORWARD MARKET Acae M Artoad MHO +J0 Aitnr W P»trt> Rjrt Dutch Btdro Soc Oan B*ic Soto* mm •m im +s 1TJ0 MM nneh Bmcin MB asr sr D* BMtl «M >4 Sbaa BM Dactrobal W* Oto-Inno-Bm atO72 words
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Article79 1984-02-25 9 rss s sszrz Dm okaa MM mm •u u Hoaaeh Hortan biMI KHD UM IT JO auo mao ♦OJ -OJ I -IS ♦s +0.4 ♦4 SKr IZ= tun OJ +1J IJntfa IBJO MUO Ooott Ohm mk 1MM m IJOJO iU -u ptiuip* ICoaim SSJ?A Bcharlnf Thjrann Indn Voikawmfan MUO79 words
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Article72 1984-02-25 9 ra ABM Vk HUN AAoM XI 1.1* -14 Akro MJO -2.8 ItLH •4 Ajnfu Afluotnk mm n> -U ■u Bart Bote Bonumij mm mm tmm •LS -X ♦s lhi»«r* mm am •1 -12 mlanrl mm •1 CM* -1 DaU Mil ilmiii mm S1440 1 •4 ftkkm OMmlll nm M.io72 words
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Article56 1984-02-25 9 rza a i Jra HM +U Bet CaotrmM Ort SMM +M UN +M 1M.W -IB MM Cood in* hH rwort Ownll 111 Prtr SMM +»M «M* M MM 51M 7 MtoMMBOCM «MM M« til LipilM Ort MM +MI mm +mi 190 -M ♦I M KT.nnir a 80 a Thcfli56 words
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Article202 1984-02-25 9 m« c* Had Bay Mia D imp ou mm AMUM MM -M Inco MM Mean «1« 1st Pro* Pip* *5 ""J? 1 Alcana MM -M 1st Uta +M Bank Moot MM -M tail WeM IT* +M Bank No*a Scotta UM until Km Add 1»M Ball Tai 3W LaWaw B202 words
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Article167 1984-02-25 9 TO B Rand INDUSTRIALS Unlaac iU uncb ffootwortb MM *M m uncb MININGS AM And CI far* m no m -M uncb M ;I»W iiifiin Bartow* C O Smith Cbekata CNA 1440 an rm M •m uncb +S P*J VoU MSM Ub Hold! Lonrbo LTA M And It Mccaitbj167 words
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Article39 1984-02-25 9 re s All* LAVftl rtm [N 101 nor 11 -U AUai Cepeo is rn -a +u -a a. K Btnkao m -1 feMMinw m anch fit -f w>rm ict wt Votvo B Prw m Source: S E Basis39 words
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Article105 1984-02-25 9 m a taM Actio» Burn n »4« uncb Aim nil 11 Br. MB Brawn Br. MM *M Ota CM«7 Br. BB -4 Cite OtS P C UU 4 Cite Odor Bag. MM Cradlt Bumm Br BB uncb QrMtNMhf and» IMWmtt Br. Ml oneb Omw Ftaeter Br -1 Ototoas Pe105 words
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Article902 1984-02-25 9 NEW YORK ANOTHER pfMtmtHc Interest rate forecast by Salomon Brother* Inc chief econo-' mist Henry Kaufman sent stock prices sharply lower in mid-afternoon, but a final hour rally in blue-chip issues helped the market on Thursday to close mixed. The Dow Jones Industrial Index, which was down902 words
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RAW MATERIALS
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Article793 1984-02-25 9 COFFEE: Robusta futures ended a quiet morning session yesterday £11 to £6 a tonne below Thursday's close. The market lacked clear direction in the absence of fresh incentives. Values opened around £5 easier and were pressured in early dealings by light trade carry-over long liquidation from Thursday and793 words
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Article319 1984-02-25 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 100 per cent second class 0.82, 100 per cent third class 0.78, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.63, Special319 words
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Article193 1984-02-25 9 SOYBEAN futures in Chicago on Thursday ended from three cents to Vi US-cent per bushel lower in all but the spot March, which ended Vi cent higher. March traded in a 13-cent range. The Oiiu""* h House bought 2.0 million bushels of November with five minutes left in the193 words
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Article130 1984-02-25 9 OLD CROP wheat futures in Chicago on Thursday closed three to V* US-cent per bushel lower, while new crop contracts ended Vi to 1V« cent ahead. March traded in a 4V4-cent range. Long liquidation in nearby March began as traders adjusted positions before next week's First Notice Day. A130 words
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Article179 1984-02-25 9 PRICES on the Malaysian crude palm oil market yesterday eased further in quiet trading on continued selling and reserve of buyers. This reflected a weaker trend in palm oil futures. Feb deliveries in the central region fell Ms4o to M 51,650 a tonne while March in the central179 words
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Article155 1984-02-25 9 CHINESE Priiaee Exchange, Sbgapere, etatag price» per 186 kg yesterday. Ciiiwt «11: Bulk fob $206.00 sellers, old drum (in second hand drum) fob 1221.00 sellers, new drum fob (225.00 sellers. Cepra: Mixed (loose) (120 buyers. Pepper: Muntok white pepper fob Asts NLW $670.00 sellers, Sarawak white pepper taq155 words
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Article201 1984-02-25 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (Is HK dollars, apot ex-go-down) OsMaa Tan: China Blue Phoenix Vi 3,68, 32' a 4.450, 40* a 4,930 (per bale of 400 lbs). Plasa Oaaia: China Butterfly and Caobe Brand unq, Dragon Head unq, Five Lambs unq, Flower201 words
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Article78 1984-02-25 9 THE Straits tin price in Penang yesterday fell back to the ITA fleer level ef a kilo, dewn frem M|2IJI en Thursday. Sentiment was depressed by easier Leaden advices, which resulted in Penang holding a £29# premium a tenne ever the .price In London. The bolter stack manager78 words
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Article29 1984-02-25 9 Rubber: Feb 24 Singapore: March ***** cents (up 1.26 cents) Malaysia: March 265.50 cents (up 1.60 cents) Tin: M52».16 per kilo (down five cents) 86 tonnes (unchanged)29 words
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Article70 1984-02-25 9 Reuter PENINSULAR Malaysian tin exports fell to 4,157 tonnes in November from 4£lB in October but were above the 2£Bo tonnes in November 1962, Statistics Department figures show. Cumulative exports In the January-November period rose to 54,156 tonnes from 43,404 in the same 1982 period. NovemberReuter - 70 words
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289 1984-02-25 9 THIN conditions again prevailed on the rubber market although prices moved in a wider range. Most operators, uncertain of which way to turn, chose to back away from otters. The market finished three cents easier overall, HsMay, Cutler, Bath A O* said in its289 words
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Article253 1984-02-25 9 RAB prlcM In cents per kilo yeeterday: Noob Qo (per kite) Bum Seller* •J5" So) SeOer* taL 1 HIS. prompt f o b MBJ5 tat. 1RAS. Storch ML9 tat. 1RAA April MS JB tat IRAS. 2SU0 UK/Cont aui tat IRAS. AMI UK/Cont fflj0 1st. 4 R-S-S. SUB UK/Coat253 words
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Article67 1984-02-25 9 1 1 is 8MR pffaa wtmr. Man (Cn»1 IQMI k MU) •IM April iKrti fth) ■an MB 10 lisss nut mow MUM mnM aotao nuo 21LOON XMyOO nuw SMBCV SMRt SMXOP 8MX10 8MB M 8MR (0 sss iit:s U-tafAU Max* MUD tff |ui MOJO OLH b SHjOON67 words
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Article248 1984-02-25 9 THE RUBBER market In Singapore yesterday closed slightly higher with March One RSS buyers quoted at 242.50 cents per kilo, op L 25 cents from Thursday's dose. The morning session was marked op sightly on buying interest and rest ire of sellers after an easier opening. Prices improved further248 words
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Page 9 Advertisements
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Advertisement54 1984-02-25 9 THE MACDONALD ENCYCLOPEDIA OF FLOWERS TREES •300 species throughout the world. Over 650 illustrations in full colour. Concise information on habitat, propagation and conditions of growtf Glossary Index. Available at all leading bookshops. Distributed by PgEl FEDERAL PUBLICATIONS F/lrl 2 J ur n 9 Port Road, Singapore 2261 A member54 words
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2864 1984-02-25 10 BID ud offer prices officially listed and business In and repotted to the Stock exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unlses otherwise specified. All Time Settlement Contracts are quoted after2,864 words
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Article3477 1984-02-25 10 Qr*i Gr*i Nti IMM Lut Dhr Dhr TV M Vol Day Hlgk Law 0—yy lib -far- Cw (*000) Hlfffc Uw SECTION ONE INDUSTRIAL A COMMERCIAL ITS *4* AMDS 90* 148mll +2 LS OA B 148 140 SM 2M Aona 276 -4 74 2.7 2BU 11 M IN3,477 words
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Article171 1984-02-25 10 Mtm iim* prlea itarPtofctt**! ■wiNuunrna The Commerce 3« n* Sa vlnga Fund 117 Spare Prog Fund LB S pore Sec. Fund i« S pore Invest Fund LSI S'pare Equity Fund IM T in m 1-5# ie L30 LSI DIAMOND MOT 1 S'pore Fd (US$) s» LYC-AFT UNIT' rroou171 words
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Article2085 1984-02-25 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 IjOOO units unless otherwise specified. DKDWimiALS Aea*(2.Boß) Alem (2.885) (2) 2.88 (1) 2.85 Aatoh (2.0T8 2 OK)2,085 words
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Article562 1984-02-25 10 SHAKE prims recovered Mne greaad yesterday after steep tails. The market recovered parity beeanee of m oversold postttoa as well M Is geaernUy Improved Quality tooaee attracted a the asaal raa of seeoad aad At the oad of Me day, the Straits Times ladastilol Mi jpoSa562 words
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Article606 1984-02-25 10 IMPROVED conditions on Wall Street coupled with a strong performance in the plantation-baaed sector helped boost overall prices to a steady close on the Kuala Lumpur stock market yesterday. Prices opened slightly higher and remained steady in early trading. But towards the noon close, profittakers606 words
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ASIAN STOCKS
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Article278 1984-02-25 11 SHARE prices drifted lower yesterday in dull trading on stock exchanges as overseas markets gave no direction, brokers said. At the close, the AllOrdinarles Index was down 1.8 points at 7433. Golds were selectively higher. Coals weakened but uraniums tended firmer and oil and gas278 words
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Article310 1984-02-25 11 HONGKONG THE Hongkong stock market yesterday closed near the day's lows on expectations that next week's budget may have an adverse impact on equities. The Hang Seng Index (ell 18.53 to 1,048.76 after a quiet and slow trading day. Among leaders, Cheung Kong eased 25 cents to310 words
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Article421 1984-02-25 11 SHARE prices yesterday closed higher in light trading on selective buying of speculative and incentive-backed issues, moving against the Wall Street trend. The market average rose 23.31 from Thursday's close to 9,962.87 after failing 8.15 on Thursday. Trading remained light on volume of 270 million shares421 words
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Article69 1984-02-25 11 FIB M Baftta Blm OHMOt ■wCBl m M4 ♦i Mi ntri Stan Cradit Sooth Ui PWn MlM -u MOhmM MS tl»M^ ■anTof Arudhaya m nil Dura Bank Tbal rimm Bn ik SM IWtfK TtwicaM* -a ♦t uaeh unch unch Thai Tnftrtai Qaaaa Thai Mutual rm t Thai Mutual Pund69 words
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Article49 1984-02-25 11 f" M PMM I i ■sewoSTTZZZ u?* M,,, f** Phil HHp m uneh *JK«»fr-zLzZ urn 4M JJJJJJJJ»*» B 4J0 uneh <*■*■> rZZZZZ MM SI Owmi Mil uneb ffijy,»- CM» u~h 2"H1« MM uneh FLDT m uneh J2»i Z&m TSm ***** uneh tiS- Dorby IS uneh *ggg> Pop OOU tl«49 words
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COMPANY NEWS
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339 1984-02-25 11 UPI CHRYSLER Corp capped its comeback from near-bank-ruptcy four years ago with a record 1983 profit of U*****.9 million, pushing profits for the big four car makers to a record $6.1 billion. General Motors Corp reported record earnings for the year of $3.7 billion.UPI - 339 words
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522 1984-02-25 11 Reuter IMPERIAL Chemical Industries PLC is having a good first quarter by any standards, ICI chairman John Harvey-Jones said. He said the group's performance in 1983 could be described "as improving but could do better". Earlier, ICI reported a record pretax profit of £619Reuter - 522 words
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374 1984-02-25 11 BOUSTEAD Holdings Bhd says that the acquisition of additional shares in UAC Bhd is in the interest of the company. Boustead also describes the share exchange ratio as fair and reasonable. This is pointed out in its circular to shareholders in relation to Boustead's374 words
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Article150 1984-02-25 11 Elec Eltek's listing Reuter ELEC Eltek Co Ltd will make a first public offering of 112.5 million 50 cent shares at HK$2 a share. The privately-held company, which makes printed circuit boards and communications equipment, said the issue will consist of 90 million new shares and 22.5 million existing ones.Reuter - 150 words
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Article170 1984-02-25 11 AMALGAMATED Industrial Steel Bhd (AISB) has registered a sharp 63 per cent Jump in pre-tax profits to M 53.54 million for the first six months ended Dec 31, 1983. Unaudited results released showed that the company's turnover was down slightly at $23.85 million compared with $24.07170 words
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Article84 1984-02-25 11 JAPAN Air Lines Co Ltd (JAL) Is projecting passenger growth of about 7 per cent for its international flights in the year starting April 1, with a gain of 7 to 8 per cent seen for cargo flights. In the current year, passenger demand will rise84 words
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519 1984-02-25 11 RAHMAN HYDRAULIC TIN RAHMAN Hydraulic Tin Bhd, the 49.8 per cent owned associate of Perls Plaatatfsas Bhd, expects to maintain its profitability in the year ending Sep 30, 1984, barring any further cuts in tin ore production and other unforeseen circumstances. This is519 words
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374 1984-02-25 11 BEDFORD Plantations Bhd's net tangible assets will rise from Just M 514.4 million to 130.4 million after its rights Issue of two-for-one. Based on the enlarged share capital of 49.062 million shares of 50 cents each, its net tangible assets per share will drop to374 words
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Article124 1984-02-25 11 AY EH Molek Bibber Cwipny MmI: Sixtyninth Annual General Meeting to be held at the registered office No 22 (Upper floor of No 20), Jalan Hang Jebat, Malacca on Wednesday, Feb 29, 1984 at 10.30am. PBBLI8 Plantation* Berbad: Fifteenth AGM to be held at the 9th Floor, Wisma124 words
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Page 11 Advertisements
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Advertisement430 1984-02-25 11 ;X;'v //mm/i ~~T~ T ~7~ 7 A 9lctAmand of £fyz/ljf(a/l fjffa/apAia )cSetAaJ (Incorporated in Malaysia) ANNOUNCEMENT Unaudited results of the Group's operations for the halfyear ended 31st December, 1983 are as follows: Group Turnover Net Profit Before Tax Estimated Taxation July/Dec 1983 S'OOOs 196,339 20,295 9,135 July/Dec 1982 S'OOOs 161,517430 words
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Chief Price Changes
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Article165 1984-02-25 12 Rites Ttlfiac Cms J BOO as 180 +15 UK Melsoee no +0B A htoprim HO +40 8|ir» Lui C C TIm M aso 400 +30 +BB 880 86 8 N P L 866 +30 Nat IIM BOB +30 8 P Tsxttta at 18 LMH Cntt BBS 15 ICS 100165 words
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Article, Illustration155 1984-02-25 12 Rises TUning Can A Hitam Rubber 2900 2300 +300 +200 Utd Malacca 875 +105 Benta 900 +100 FACB 1510 +70 Antral Ent 615 +35 Rlvervlew 685 +30 Toafaiba 1130 +30 MAA 1140 +30 Inch KK 2180 +30 SynReaina 400 +24 M Feedmills 336 +22 Gadek 6«0 +20 Falls155 words
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Article50 1984-02-25 12 HJLHANG 8ENG Thursday WU Week Ago 150-5 Friday 1M8.W Thursday .1087.28 Week Ago—t 10O4Jn FINANCIAL TIMKS INDUSTRIALS Thursday 806.9 Wednesday MM Week Ago 817.8 AUSTRALIAN INDUSTRIALS maay «T7-0 Thursday 9TB- 1 Week Ago «8BJ DOW JONES AVERAGE INDUSTRIALS Thursday 1134J53 Wednesday 11S4JU Week Ago -1154*4 ALL ORDINARIE8 Friday50 words
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259 1984-02-25 12 ASHTON Mining Ltd, which Is 4C.3 per cent owned by Makjrii Mining tepmflM, his applied for gold prospecting areas in several ports of Australia. The company says that the areas are in Western Australia near Kalgootte, elsewhere in Victoria and in Queensland. As for259 words
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Article, Illustration529 1984-02-25 12 ALAN LEE - HHBH Companies Editor: ALAN LEE By ALAN LEE MALAYAN United Manufacturing Bhd (formerly Central Sugars Bhd), a member of the Malayan United Industries group, has finally decided to park some of its huge cash assets in faraway Canada. The company announced yesterday that it had529 words
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364 1984-02-25 12 INDUSTRIAL Oxygen Incorporated Bhd, whose acquisitions of three property companies were completed only last week, is expected to announce more acquisitions soon. It is understood that the acquisitions involve the purchase of plantation companies in prime locations. The plantations are said to be near364 words
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Article821 1984-02-25 12 THE market opened mixed yesterday, with government bonds active following Thursday's late announcement by the Inland Revenue that building society profits will be taxed at full corporation tax. Short-dated bonds, in which the societies hold about S per cent of the market, recouped falls that ranged to about821 words
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Article223 1984-02-25 12 UNITED btematteaal Securities Ltd's unaudited consolidated net tangible asset backing per share as at Jan 31 was $1.78. GENERAL flconilltes Investments Ltd** unaudited consolidated net tangible asset harking per share as at Jan 31 was $2.23. a IPOH Garden Bhd says that approval has been obtained from the223 words
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LATEST RESULTS
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Article36 1984-02-25 12 Group pre-tax profit for the half-year to Dec 31, 1983 of MJ11.07 million on turnover of 353.42 million. Directors have declared an interim dividend of 12.5 per cent less tax payable on April 16.36 words
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46 1984-02-25 12 Consoli- dated pre-tax operating profit of M 13.44 million (33.79 million) and turnover of $19.29 million (|2l million) for year ended Sep 30, 1983. The company is recommending a final dividend of 10 per cent leas tax payable on Oct 14.46 words
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CHART POINT
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Article, Illustration188 1984-02-25 12 By Hock Lock Siew EVER since Supreme Carp pierced ap threagh tli ahsrfrterm resistance (ST) at $1.7«, the cempaay's share price had ran shmi ta reach a high ef $U& sa Feb 8. This accclcratlaa la price pre ha My malted as a reaettsa ta theBy Hock Lock Siew; Chart by courtMy of ONG & COMPANY PTE LTD - 188 words
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Article106 1984-02-25 12 WITH A rectangular pattern, we have no way of knowing whether the price will penetrate upwards or downwards, until the price finally breaks away convincingly from the pattern. Indeed, in the case of Supreme, there was a false break point when the shares rose above the top of106 words
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Page 12 Advertisements
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Advertisement204 1984-02-25 12 TIMES CONFERENCES Presents CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA 11,12 13 APRIL, 1984 SINGAPORE 11 APRIL 1984 IWS/M TAX PLANNING REVIEW Lm PMk A Cm, THE IMPORTANCE OP COMPANY RESIDENCE AND PERMANENT EST ARUSHMENT CONCEPTS IN CORPORATE TAX PLANNING 23X viTr' rVE CORPORATE PLANNING (II) PnCAL CONSIDERATIONS IE SETTING UP204 words
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Page 12 Miscellaneous
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Miscellaneous48 1984-02-25 12 OUTLOOK for today: Fair. Report for 24 hMn priir to IJI pn M M at the airport: Maximum temperature 3°-® Associated humidity Minimum temperature Associated humidity Hours of sunshine vA, Rainfall In mi11imetre5.......... -JJ" Total rainfall for the month.... MK-i Total rainy days for the month A 048 words
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