The Business Times, 28 April 1984

Total Pages: 12
1 12 The Business Times
  • 12 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, APRIL 28, 1984 60 CENTS
    12 words
  • 397 1  -  By LEE HAN SHIH JAPAN'S Sord Computer has decided to produce small computers in Indonesia, six months after closing down its Singapore manufacturing plant. The company has signed a technical agreement with the Jakarta-based PT Panasatek Corporation to produce 2,000 computers in the first
    397 words
  • 180 1 MALAYSIAN Customs officials are on the lookout for foreign companies which evade paying the correct duty on goods they import. Instead of importing the goods directly, these companies arrange to have the goods sent to their sister companies in Singapore where new invoices, are prepared
    180 words
  • 401 1  -  NTUC Ordinary Delegates Conference By LUCY NG THE National Trades Union Congress is concerned mainly with the well-being of its members and not the formation of a house union. "House unions will only be formed if the members desire it, but we also
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  • 174 1 A PROPOSAL for higher commissi mi far freight agents will be pat forward at the International Air Traasport Association (lata) freight tariff conference to be held la Singapore aext month. At the "Composite Con* fereaee Cargo" to be held from May 8 to
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  • 266 1 SIGNIFICANT changes have been made in a motion to be passed in Parliament on the Report of the Problems of the Aged debate. The motion is now reworded to reflect a more flexible stand on the report, prepared by the Howe Yoon Chong
    266 words
  • 344 1 THE Housing and Development Board, in an effort to curb "killer litter", sent 11,000 letters last month warning people not to leave objects in a hazardous manner. From Monday onwards, they will be serving notices to residents who continue this practice. Should they fail
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  • BRIEFLY...
    • 79 1 BURIAL fees will be increased by 50 per cent for Muslims and 25 per cent for non-Muslims with effect from May 1. For Muslims, the new rates will be |60 for adults and $90 for children undo* 10 years of age. Hie corresponding fees for non-Muslims are
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    • 76 1 UPI SPURRED by brisk exports to the US and Europe, the current account of Japan's balance of international payments in fiscal 1983 nearly tripled over the preceding year, reaching a record high. The Japanese Finance Ministry said yesterday that preliminary data showed a surplus in the year ending
      UPI  -  76 words
    • 68 1 Reuter BRITISH businessmen have voted hotels in the Orient the best in the world. A poll held among readers of the Executive Travel magazine put the Mandarin Hotel in Hongkong top, with Bangkok's Oriental Hotel second, and the Shangri-La Hotel in Singapore third. Some 2,400 readers took
      Reuter  -  68 words
    • 83 1 Reuter THE Reagan adminstration on Thursday pressed Congress to approve US$l.l billion for chemical warfare, arguing that a weak US deterrent provided no incentive for Moscow to negotiate a chemical arms ban. The 1985 spending request includes $105 million to prepare for resuming production of nerve gas munitions,
      Reuter  -  83 words
    • 79 1 Rueter BRITISH adult unemployment, excluding school leavers and seasonally adjusted, fell a provisional 500 in April to 3,012,300, or 12.6 per cent of the workforce, the London Employment Department said. In March, unemployment rose a revised 7,700 and also amounted to 12.6 per cent of the workforce. The
      Rueter  -  79 words
    • 64 1 Reuter INDIAN security forces yesterday laid siege to a Sikh temple where at least seven people have died in a gun battle in the north Indian state of Punjab. A police spokesman said that seven people were killed in Thursday's exchange of fire between extremists on the temple
      Reuter  -  64 words
    • 62 1 UPI "SIGNIFICANT amounts" of cocaine and the painkiller Demerol were found in the body of Mr David Kennedy and police said yesterday that the drug dealer who sold it to him could be charged with his murder. However, authorities would not say if the drugs found in
      UPI  -  62 words
  • 230 1 A HOLIDAY enclave set in the best possible environment on this crowded island. With all the amenities for sports and recreation. The outdoor life. These are the "terms of references" for the Pasir Ris holiday camp, a 16hectare site close by the sea
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  • 348 1  -  By SHAHRIR ARIFF ONLY one out of about 60 representatives of employees' unions has accepted "in total" the recommendations of the Report of the Committee on the Problems of the Aged. The support came from Mr William Tan of the Singapore Manual and
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  • Page 1 Advertisements
    • 237 1 IMAC-ASIA 84 S E Asia's 4th International Exhibition of Materials Handling Physical Distribution Equipment 25 29 June WTC An Interfama-organised show Tel: *****12 I WHAT survey shows of land use in the central business district Page 3 SINGAPORE businessmen will have another chance to penetrate the tough Japanese market 3
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    • 182 1 Bring Li 1 Joey to the course. And play golf the convenient, comfortable way Li'l Joey from Kangaroo of USA is a motor golf caddy designed for easy manoeuvring on the course and supremely simple A operation. Lightweight, yet ruggedly m. ft 7/ built, Li'l Joey can carry your bag
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    • 3 1 Milt i*ports...page 3
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    • 141 1 \|_-;/`!%}~^=+,/_==*$*[~',}</%~ TRAVELLING IN ASIA? When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH PHYSICAL FITNESS CENTERS located throughout Asia. The staff of CLARK HATCH PHYSICAL FITNESS CENTERS will design a special programme for your individual needs,
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  • BANKING AND FINANCE
    • 283 2 Reuter REPRESENTATIVES of more than 500 western banks have agreed to reschedule US$l.9 billion of Polish commercial debt falling due between this year and the end of 1987, the chief western negotiator said. Brian Gremmond of Britain's Barclays Bank said the agreement had
      Reuter  -  283 words
    • 574 2 FT AFP THE PHILIPPINES will not authorise further repayment by Citibank of deposits frozen at its Manila branch, Prime Minister Cesar Virata said in Amsterdam on Wednesday. It is now up to the banks themselves to decide whether the deposits represent Philippine sovereign risk or whether
      FT; AFP  -  574 words
    • 152 2 Reuter ASIAN Development Bank (ADB) statistics show that the bank is simply a multilateral export bank for its developed member countries, Thai Finance Minister Sommai Hoontrakool told the ADB annual meeting. Of US$4.4 billion worth of goods and services procured under the bank's ordinary
      Reuter  -  152 words
    • 225 2 NYT INTEREST rates rose slightly on Thursday, with ail of the increase coming late in the day after the Fed announced a US$5OO million fall in the US money supply and other data showing strong demands for credit from business. The decline
      NYT  -  225 words
  • MONEY AND EXCHANGES
    • 416 2 THE US dollar firmed against most major currencies in thin late trading on the local foreign exchange market yesterday. The Singapore dollar closed softer at 5J2.0860/70 against the US currency compared with Thursday's close of $2.0630/40. Against the Malaysian dollar, the local unit closed at 5591.10 20 compared
      416 words
    • 23 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.65 per cent.
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    • 122 2 THE dollar yesterday closed at the day's high of 226.30 yen against the 225.60/75 New York close on pre-holi-day covering of short dollar positions against a background of firm US interest rates. The dollar uptrend, renewed on Thursday in New York, was at one point muted by exporters' selling,
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    • 128 2 THE US dollar softened yesterday, except against the yen in thin trading. It eased to 2.7007/17 marks from an early 2.7025/ 35 and New York's 2.7015/30 close, but rose to 226.45/55 yen from 225.87/97 and 225.60/75. Dealers attributed the yen's fall to profit-taking on long yen/shot mark cross positions.
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    • 168 2 ASIAN RATES ASIAN currency deposit interbank rates as at 5 pm on April 27: UB DOhn Ottm m 7days 10* 10* 1 month 10 11/*****/10 Smooths 1013/*****1/16 3 months 11 10% months 116/10 11V16 9 months 11* 11* 13 months 1113/*****1/16 Has. SwM mujL r-.i 1,1 1 month (wmm rnmi
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    • 43 2 RANGE o( prices often a by dlscount boom oa April J7: Ovntgbt: IV. Call deposits: J-»W Ctestag Bvtec J-moDtb MN Treasury bills 215/16 J 1 J/18 5-month Bank bills 111/16 18/16 3 month* CD SVt 6 months CD 8H DSZmhI Cal**** 1
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    • 259 2 GOLD futures yesterday closed slightly higher than New York's levels after moving within a narrow range in quiet trading. Total sales for the day were recorded at 14 lots. Prompt closed slightly firmer at US$37B/379 an ounce compared with New York's $377/378 close and June at $382/383 against $381.00/
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    • 32 2 New York 9 05B 9.25B 9.10S 9.30S Zurich 9.10B 9.J7B 9.15S ■U 9 32S Tlun Singapore rn 9.00B 9.25B 9.OSS 9.30S Closing prices in US dollars a troy ounc B.
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    • 139 2 THE dollar opened above 2.70 marks yesterday and moved up quickly, supported by a belief US interest rates could rise and by labour disputes In Europe. The dollar opened at 2.7015/25 marks against Thursday's 2.6950/60 close and in line with New York's late 2.7015/30. The US currency rose quickly
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    • 52 2 RESULTS of tender held yesterday for 91-day Treasury bills to be Issued on April 30 and from May 2 to May 4. Offered: 1125,000,000 Applied far: $164,250,000. AllsMsd: $125,000,000. Accepted Mis: 199.26 approximately 70 per cent; higher bids In full. Average rale dlses—t sa allstmeat: 2.955 per cent
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  • Page 2 Advertisements
    • 248 2 THAI S ASIAEUROPE EXPRESS ROUTES One-stop to Copenhagen, Frankfurt, Rome and Athens,then 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,FRANKFURT,ROME and ATHENS. Then onward to the other great European
      248 words

  • HOME NEWS
    • 333 3  -  THE CENTRAL AREA AND MARINA CITY By LEE HAN SHIH MORE land in Singapore's crowded central district was allotted for the use of cars, buses, lorries and trishaws in 1962 than for the working space of the 250,000 people in the area.
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    • 290 3 LAND for golf, football, polo and other sporting activities took up 2 per cent of the total mainland area while one per cent was reserved for parks. The 1982 Land and Building Use Survey, issued by the Ministry of National Development yesterday, said that swimming pools,
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    • 352 3 STUDENTS aad lecturers at the Centre ter Computer Stages cm leek forward to mere stlmalatlag and Innovative projects with the addition of an Information search devlee to Ita present compnter facilities. CAFS-ISP, a hardware assisted software product capable of finding Information quickly, was presented
      352 words
    • 312 3 HONDA Motors will be heavily involved in the running of the new driving circuit under construction in Ang Mo Kio. The Honda group of Japan and its local distributors will hold a total of 65 per cent of the shares of a joint venture
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    • 204 3 HELPING residents to appreciate their environment better would be a positive way to counter anti-social behaviour. This was stated by Mr Chua Sian Chin, Minister for Home Affairs, at the official opening of MacPherson Community Centre's landscaped garden last night. Mr Chua said:
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    • 151 3 The Singapore Armed Forces will be conducting ..military exercises in Lim t Chu Kang, Hong Kah, Marsiling, Mandai, Pulau Übin, Bah Soon Pah, Loyang and Ulu Sembawang areas from Wednesday, May 2, to Sunday, May 6, daily. Blanks and thunderflashes will be used. The public is
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    • 339 3 SINGAPORE businessmen will have another chance to penetrate the tough Japanese market at a coming convention in Osaka. The International Businessmen's Convention for Trade and Investment Opportunities (IBC-TRIO '84) will enable overseas businessmen to meet their Japanese counterparts. "They will be able to find suitable
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    • 334 3  -  By LUCY NG THE relationship between the National Trades Union Congress (NTUC) and the Peoples Action Party (PAP) is "unshakeable" and "unbreakable". NTUC secretary-general Ong Teng Cheong said the NTUC-PAP relationship was unshakeable as long as both parties were convinced of their commitment to
      334 words
    • 447 3  -  By TSANG SAU YIN A 16-HECTARE site by the sea at Pasir Ris could develop into one of the largest holiday resorts for workers in this region. A firm decision has been taken to turn the land into a $25 million playground for
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    • 224 3 TELECOMS will extend the business hours for all its 35 delivery post offices till 8 pm on every Wednesday, unless it is a public holiday. The extended business hours, which take effect next Wednesday, will make it more convenient for the public to carry
      224 words
    • 165 3 ASEAN artists have shown that they are able to move with the tiroes without losing touch with their cultural heritage. Mr Ho Kah Leong, Parliamentary Secretary (Education), in opening the Third Asean Exhibition of Painting and Photography yesterday, said that the works on display were
      165 words
    • 281 3 INTERFAMA International has signed a joint-venture agreement with World Import Mart Co Ltd (WIM) of Japan to organise international specialised exhibitions in Japan. WIM, a member of the Seibu group, is expanding its activities into the field of international exhibitions to promote
      281 words
    • 302 3 THE 1984 Jessup Moot team from the National University of Singapore's (NUS) Faculty of Law won second place in the International Division of the Philip C Jessup International Law Moot Court Competition held in Washington DC this month. The four members of
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  • Page 3 Advertisements
    • 136 3 a a SUPER ROBIN COOK 1' GOD PLAYER I.OMA BKAIN HVtR NOWIHI I HUM lIMUUtRfROM Ihl MASUROI 1 Ml MIDR Al IHRHIIK MVS I IKY WAX.K r IN. "i*4 W waumx 3 J i< r v k *Vf' ;*3S .f— »»u» IA/|~N!Nt^ PUTTING THE ONE MINUTE MANAGER TO WORK by
      136 words

  • OVERSEAS
    • 161 4 Reuter CHINA plans to lower income tax rates for foreign enterprises in China from 30 D®r cent to 20 per cent. •Communist Party Jeneral-secretary Hu Yaobang was reported on Thursday as saying: .."Foreign enterprises are still worried about investing China. It was decided at
      Reuter  -  161 words
    • 106 4 Reuter AMERICA'S highest paid executive for 1963 had an income of US$l3.2 million, according to a survey by Business Week magazine published on Thursday. The lucky man was William Anderson, who retired last week as chairman of National Cash Registers QICR), the office
      Reuter  -  106 words
    • 715 4 REAGAN in CHINA UPI AP THE US and China yesterday announced an agreement on a nuclear cooperation accord that could revitalise the American nuclear industry and lead to billions of dollars in sales for US companies. The agreement allowing American companies to sell nuclear technology
      UPI; AP; Source: UPI picture  -  715 words
    • 567 4 Reuter AP JAPAN is not planning to take any major new measures to open up its financial and capital markets to foreign involvement, although it will try to liberalise them gradually. Japanese central bank governor Haruo Maekawa said yesterday that the opening of Japanese markets to
      Reuter; AP  -  567 words
    • 695 4 ARRIVALS Service Local Operator Number Time From JAL JL1717 0020 SPK/OKA FT FT71 0040 JFK/ORDANC NRT/TPE SLA SQ11 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFO/HKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL SV SV396 0910 JED/RUH MAS MH811 0910
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    • 458 4 UPI AMERICAN corporations have doubled their borrowing overseas so far in 1984 because of lower interest rates abroad and investors are also looking overseas in increasing numbers, particularly to Japan. "One consequence of the strengthening yen is a stepup of capital inflow into the country,"
      UPI  -  458 words
    • 231 4 Reuter BRITAIN and Libya are unravelling their embittered diplomatic links as a 10-day police siege at the Libyan embassy in London drew steadily to a close yesterday. Wives and children of the diplomats on both sides returned home on Thursday. The diplomats themselves are due to
      Reuter; Source: AP picture  -  231 words
    • 345 4 UPI DEEP-SEA tugs have smothered a fire that engulfed an oil-laden Saudi supertanker in the Gulf on Thursday after it was apparently hit by a missile in what would be the most serious attack on shipping of the Iran-Iraq War. The 357,100-tonne Safina al-Arab lay blazing
      UPI  -  345 words
    • 1054 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdns FCL Locatkx Asia Wind:? 403 29.4.84 0400 Or Seawlnds TA 3 0700-0800/1400-1600 84 Tor Bay 15/370 29.4.84 0700 Mansfield FSB 0600-0900/1800-1900 L8 Tambang VII 7234 29.4.84 0800 Cahaya TA 3 0800-1000/1800-2000 B3 Johore Bridge
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  • Page 4 Advertisements

  • Page 5 Advertisements
    • 189 5 y VUAN A vf *v f IS -r£ D V- <v** •A >; fc i- s i ■St. f U r ■Taa -'&> Vr *> siM i r. t W J -> w i f > jmh Pt£fiP££sHlp CT '709.000 1 W ✓7 <rf w* I,J 2 t u VVB
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  • 511 6 WHEN FORMER President Richard Nixon visited China in 1971, it was claimed that an amusing episode took place during his breakfast with Chairman Mao Zedong. Nixon reportedly broke an egg, looked at it and said, "I see the white surrounding the yellow." When it came to
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  • 1577 6  -  By ALVIN CHOW JINGLES are to serious song-writing what comic books are to literature. Light and easy to remember they serve as very good tools for putting across a message, but does anyone take them seriously? Patrick Seet takes them very seriously indeed, and
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  • 281 6 PATRICK Seet Is M aid a pritwilMil music imager, eompeaer/Jbigle writer. ffla maale career begaa la IMB when be gal a rail-time Jab with Trepicana wbea It drat epeaed. Far tbaae wba kaew It la tbe early days, they might recall Patrick, tbea a 2*-year-old, wba played haaa.
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  • Page 6 Advertisements
    • 237 6 STEU asi THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated in Singapore) Half Yearly Report and Dividend Announcement The Board of Directors of The Straits Times Press (1975) Limited announces the following unaudited results for the half year to 29th February, 1984. 1984 1983 Turnover Trading profit before taxation Income from
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  • Page 6 Miscellaneous
    • 769 6 TWOIR-OME CROSSWORD Hi Ujii CRYPTIC PUZZLE ACRO6B 9 The fellow with the gags who made off with your money? (9) 10 A nobody who's a little bitter, perhaps (5, 4) 12 And veering East to enter port (4) 13 That's enough! Never again! (2, 4) 14 A bird or wasp
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  • TIME-OFF
    • 838 7  -  By JEFFREY TSANG IT was voted Car of the Year 1984 by 53 motoring journalists from 16 European countries, but Fiat's Uno failed to make an impact on the Singapore car market since its appearance five months ago. Launching the car at a time when
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    • 146 7 SPORTS faas wOl find a let griag m far them this wceknl. May, la athletics, there are the fßagaprr Amateur Athletics Aassristlsa epea relays. laelaiea Malayslaa athletics dabs. HeM at the Nsttansl Stadlam at t pm. Sqaash: Aiest Shgapve Cleeed Finals. Kallaag, t pan. Crieket:
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    • 271 7 $***** YOUNG ladies having lunch with older men in posh restaurants this week are presumed to be secretaries, thanks to a clever marketing idea (probably invented by restaurant owners or florists with too many stalks of unsold roses) which resulted in this week being declared Secretaries
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    • Article, Illustration
      455 7 CONCERTS Tonight, the Singapore Symphony Orchestra and with budding French violinist, Augustin Dumay, described as "one of the most reliable violin soloists in the world". Programme: Overture, The Storm (Tchaikovsky); Concerto for violin and orchestra No 3 Op 61 in B minor (Saint Saens) and Symphony No 7
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  • Page 7 Advertisements
    • 362 7 asean THE AUSTRALIAN FINANCIAL REVIEW THE NIHON KEIZAISHIMBUN IN ASSOCIATION WITH v BUSINESS TIMES (MALAYSIA) prestrt A ONE-DAY ECONOMIC SYMPOSIUM ASEAN, AUSTRALIA AND JAPAN BREAKING DOWN THE BARRIERS" MAY 7, 1984 KUALA LUMPUR HILTON, MALAYSIA Asean is flanked to the north and south of the western Pacific seaboard by two
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  • Page 7 Miscellaneous
    • 907 7 SINGAPORE 5 1 12.30 PM SBCTEXT "Live" Sample Pages 1.00 Opening and Propamme Hfehfights followed by Sesame Street 2.05 Saturday Matinee If You Go Down in the Woods Today: This English comedy centres around a scoutmaster who takes eight cubs on a camping trip to Tangle Woods. He and another
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  • Page 8 Advertisements
    • 1072 8 Where to wine, dine and entertain toda The total card that incorporates the features of a credit card, charge card, ehequ 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)
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    • 231 8 Opening hours: Daily from 12 noon to 1.45 am 20% discount off drinks from 12 noon to 7pm daily Also featuring "RHYTHM TEENS" from the Philippines Relax In cool comfort with a drink from our wtll-itocktd bar. 11 e.UKXMHt MtH K! ■HI 19, Caimhill Circle W W (Off Orchard Road)
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  • RAW MATERIALS
    • 273 9 THE rubber market closed weaker in Singapore yesterday with May One RSS buyers quoted at 209.50 cents a kilo, down seven cents from Thursday night's close. Prices fell by two cents in quiet morning trading on long liquidation and speculative selling. The market lost a further five cents in
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    • 29 9 Rubber; April 27 Singapore: May 209.50 cents (down seven cent») Malaysia: May 229.00 cents (down seven cents) Tin: M$29.15 per kilo (unchanged) 91 tonnes (down 60 tonnes)
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    • 193 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa Yan: China Blue Phoenix 20's 3,410, 32's 3,960, 40's 4,060 (per bale of 400 lbs). Piece Gwds: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and Butterfly
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    • 107 9 WHEAT futures closed down IV% to 4V4 cents per bushel on the Chicago Board of Trada, with May held in a four-cent daily range. A strong US dollar and weakness in precious metals kept wheat on the defensive from the opening. The generally good growing conditions in the eastern
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    • 239 9 Reuter AB VOLVO said it is selling its 25 per cent stake in both Atlas Copco AB and Stora Kopparbergs Bergslags AB back to the Wallenberg Group. Wallenberg Group chairman Peter Wallenberg said that in return, his family investment companies would
      Reuter  -  239 words
    • 274 9 RAS prices In cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b 214.25 215 25N 208.00 209.00N Int. 1 R.S.S. May 216.00 216.50 209.50 210.50 Int. 1 R.S.S. June 213.50 214.00 208.00 208.50 Int. 2 R.S.S. 211.00 213.00N
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    • 111 9 NOONSSRu id SMR pric mm yaatarday: RA8 May (Cural Mtk) Jama (Forward Mtk) Biytrf Sal llara Bayara Sallara SSR20 3SR 50 MRKLB (1 -too pa Jlat) 203.00 206 00N 204.00 206.00N (1-ton pa lUat) 201.50 May 203.50N 203.50 205.50N SMRCV (l-too pi Jkt) 260.00 262.00N 262.00 264
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    • 152 9 SOYBEAN futures closed down 22V« to 14V4 cents per bushel on the Chicago Board of Trade on Thursday, with May posting a 19-cent range on the day. The strong US dollar and weakness in the neighbouring silver pit kept soybeans on the defensive. Two professional houses were heavy sellers
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    • 89 9 THE Straits tin price In Pefltig stayed at the ITA fleer level ef Ms2f .15 a Idle ea ceo tinned lack ef demand (rem ferelgn and lecal Interests. Weakness ef sterling against tke Malaysian dollar, whlck again eflset tke price rise la Leaden. Tke tmffer steek manager akeerbed
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    • 158 9 CHINESE Praiaee Exchaage, Siagapare, eMig prices per IN kg yesterday. Cacaait ail: Bulk fob $194.00 sellers, old drum (in second hand drum) fob $207.00 sellers, new drum fob $211.00 sellers. Capra: Mixed (loose) $110 buyers. Pepper: Muntok white pepper fob Asta NLW $657.50 sellers, Sarawak white pepper faq
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    • 743 9 IT seemed like an idea whose time had come in the late spring of 1983, when the Prudential-Bache Research Fund began offering its shares to the public. The mutual fund described itself then "as the only professionally managed fund run by a research department on Wall Street
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    • 128 9 MALAYSIAN crude palm oil prices fell further on liquidation and reserve of buyers yesterday, as sentiment was depressed by a sharply lower Chicago soybean complex close. May deliveries in the south, central and north fell M 5122.50, $110 and $90 respectively to $1,550. The refined market was also
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    • 319 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 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, Special
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    • 1107 9 COFFEE: Robusta futures ended the morning with gains of £31 to £19 a tonne yesterday on mixed trade and commission house buying and short-covering. Traders said all positions from September onwards were at new contract highs, while July ended at £2,099, up £18 but £3 below its high.
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  • INTERNATIONAL STOCKS
    • 1266 9 THE market took off higher at the opening on Thursday and stayed in front the entire session, scoring its third straight gain and putting blue chip prices at their best level since mid-March. Hie Dow Jones Industrial Average, up 5% points at noon, more than doubled its
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    • 60 9 APR 28 Kronor Alfa Lava] B Fref 278 unch Am B FT** 350 unch Aitrm B Free 306 -10 AUu Copco 129 unch Erlcuon B Free 328 -1 Eub Free 315 -5 8 E Banken 348 -1 Sandvtk B Free 400 -1 Skandl* 3» 10 Skr B Free 218
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    • 197 9 APR CS AblUbl a* unch Alcan IB W Al«oma -W Bank Mont Bank Nora BeoUa 11* 4* Bell Tel 30* M BP Can Lid a* unch Braaean aw 4-* Can imp Bk 8W unch Can Pnn M| Canpae «3W Carllnt OTCeefe 17*4 Cnbl Rd Lk MW Cn Bthrt CI
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    • 261 9 APR as Rand INDUSTRIALS A Alpha Abercom AE And CI Amaprop AMIC Barlows C O Smith Chckers CMA Currte Finance MO MO aw «o 3290 1480 asas ZZZ 330 5406 10 ♦ao unch unch 5 unch 30 Ed fan Fed Volk Fu«U HIvcM Ub Holds Lonrho LTA M And
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    • 178 9 apr at m CORBEILLE Alr-LtouMe Aqultalne Nat Dn Petrole sas 257 70 4-1 2J B 8 N Oerral* Dtnonc C 8 r (TbomaonC*l) 1 1 5* 28 &J Cte Prancaiae art Petroles Credit Ponder De Prance 252 S3* 0J Hachett* (Ubrairte) Mlchelln (B) Omnium Peugeot Philips (H» Own Bealt)
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    • 59 9 apr a Dm Acc-Teletunken M40 +•.1 BASF in. 10 ♦1.1 moo 1M.80 SMM ♦*.i ♦l TH-SO -7 Dreadner Bulk 14UO -0.1 Hoechst laojo 0J !x i 11 CM l«JO afjoo uncb 1 MUO +15 364-00 146 JO 1*1 JO 275 JO 104-00 -1 -181J +•.7 OJ yn jo 309-00
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    • 165 9 apr m ru ABN JT*-SO 4U Aefon I»JO -1J Ahold 19X20 +12 Alio 19.(0 -01 amev 156 00 1.3 AmfM Amrobnk »J0 -as Berk JMO 0J BoU M OO 12 Bortuml) as&oo Book* 11 JO unch Burtet 88-JO 412 Ctland 36.50 unch Cal* 3*400 -1 DeU MiJ 87 JO
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    • 83 9 FORWARD MARKET Accc IB H Arbcd 1830 +10 A»t»r mo -JO Braican 1M +15 Canpar coc*: tk Bxn 434 +4 > -5 Electrotoel «Wt 1 -40 1 unch O* 330C 1 unch Or Bru Lame ami uncn Hobo* S4» +JD Petro TWO -JO Ryl Dutch »0 *36 Sldro 2»
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    • 134 9 APR Francs Actions Suisse! 319 Alusulsse Br. (It Alusuls— Ret Brown Bown Br an 1480 2 -30 Clba Gelfy Br 2245 5 Clba Oelfjr P C 1735 unch cit* oeicj Rq Credit Suisse Br HO mo 10 Credit Suisse Ref 42B +3 Elektrowatt Br. »6 15 Oeorte Fischer Br
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    • 92 9 APR 28 Lire Bel ***** -M0 Cenlrmle Ord Cond Acqum Roma isie -n 147 mo +90 Flit Onl n»ner»JI 4231 -1® ***** *m aim 3900 S610 -40 Invest liaicemenU Ord luutms vm -n MOO unrh 10*5 unch Mediobanca Milano An Ort Mondadorl Ort Mondadorl Prt* tin ***** no mi
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  • 2890 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 Time Settlement Contracts are quoted after
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  • 3665 10 Gr'» Gr'i Net 1904 Last Div Div Y*ld P/E Vol Day High Low Company Sale +©r- C*r C000) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 112 310 SB ao 275 380 111 <10 38 no SM* m 800 710 300 418 410 836 1010 m 806 1460
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  • 191 10 Managers' prices f»r April SAM SINGAPORE UNIT TRUST The Commerce 3.35 3.56 The Savings Fund 1* 2.08 S pore Prog Fund 1.42 1.51 S pore Sec. Fund 2.18 2.31 S pore Invest Fund 1.17 1.24 S pore Equity Fund 1.42 1.51 ASIA UNIT TRUST Mai Invest Fund 2.68
    191 words
  • 2187 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 (3 50B) Ak*m (2 428 2 50S) (l) 2 42cd Aatek
    2,187 words
  • 794 10 IN SPITE OP a stronger epeaiag yesterday, the Singapore stock market eaded mixed. The day's trading was featareless and tended to be a Mt dell. The widely-moal tared Straits Times ladastrlal Index (ell 5.25 points to M 6.12, alter two major compoaeat stocks, Premet aad
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  • 539 10 SHARE prices closed on a steady note at the Kuala Lumpur stock market yesterday, with most sectors finishing on higher ground. At the start, prices were around overnight levels but good follow-through support took shares ahead. Several big gains were made by selected tin issues.
    539 words

  • COMPANY NEWS
    • 686 11 Profits expected to rise at High Low ■arket Talk... LONDON stockbroking fihn, Laurence, Prust A Co has reviewed the performance of three Malaysian companies, TUghlnnds ft Lowlands Bhd, General Corporation Bhd and Faber Merlin Bhd, in its weekly investment newsletter. On High A Low, the stockbroking firm notes that profits
      686 words
    • 260 11 Reuter KUWAIT'S state-run «II company, Kuwait Petroleum Co (KPC), Is Interested In baying the M per cent of Mitsubishi Oil Co Ltd owned by Getty Oil Co. Bat Texaco, which has •greed to take over Getty Oil, wants to sell Getty's 5* per eeat stake
      Reuter  -  260 words
    • 1042 11  -  By CHAN OI CHEE STRAITS STEAMSHIP is learning the hard way that it is not easy to make money in the fun cruise business when times are difficult. Steamers' latest review of its 1983 performance, which gives a breakdown of the contributions made
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    • 715 11 NYT THE US GOVERNMENT has given all but final approval to the biggest merger on record a US$l3.2 billion takeover of the Gulf Corp by the Standard Oil Company of California. The approval, by a four-one vote of the Federal Trade Commission, is conditional, however,
      NYT  -  715 words
    • 29 11 (Jilted Overseas Lab4 Limited: Twenty-first AGM to be held at the Board Room, 30th Storey, UOB Building, 1 Bonham Street, Singapore 0104 on April 28 at noon.
      29 words
  • ASIAN STOCKS
    • 416 11 HONGKONG PRICES closed off the day's lows on late short-covering yesterday. Trading was thin throughout with investors awaiting the outcome of the present round of Sino-British talint on Hongkong. They attributed the weakness to speculation of an interest rate increase at today's Hongkong Association of Banks' weekly meeting.
      416 words
    • 159 11 SHARE prices closed mostly lower yesterday in slow trading after recent firmness. The Book Club index fell 0.14 point to 118.07. Siam City Cement fell two baht to 366, Jalaprathan Cement and Industrial Finance one each to 139 and 134, respectively. 27 Bahts Aokham Thai Asia Fibre Aruttiajrm in*.
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    • 135 11 PRICES closed easier yesterday in continued dull trade, reflecting lower metal prices overseas and the Philippines economic situation. The Commercial and Industrial index was down 0.54 at 132.26 and the Mining Marker fell 19.25 to 1,067.20. Oils remained unchanged at 0.775. apr r Petos Acoje Mining Anglo Phil ami
      135 words
    • 522 11 LATE demand for copper and gold stocks, as investors gambled on a recovery in physical prices, provided the only action of the day on Australian stock exchanges yesterday. Earlier, low volume trading was bolstered by the exercising of options. The All Ordinaries Index was up 0.3 at 753.2, the
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    • 241 11 APR 27 NT 1 All Blncere Indus Ada Cement Cathay Con* Chang H»a Bank Chen Loong Chi* Hiln Cement China Chem China Dev China fleet Wire China Oulf Plas China ReDar China Steel Chung Chin Tex Chung Hwa Pulp Far East Opt Far East Te* rim Bank Formoea Pla»
      241 words
    • 520 11 PRICES rose throughout yesterday to close at the higha after (airly active trading, with sentiment encouraged by the firming trend in Wall Street overnight The market average rose 80.16 to clone at 10,981.68 after rising 35.18 on Thursday with turnover 580 million shares against 450 million on Thursday. A
      520 words
  • Page 11 Advertisements
    • 230 11 HARIMAU INVESTMENTS LIMITED ,ncor P° ratec) n Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the eleventh Annual General Meeting of the Company will be held at 65 Chulia Street, #19-00, Conference Room A, OCBC Centre, Singapore 0104 on Friday, 18 May 1984 at 12.00 noon for the purpose
      230 words

  • 494 12  -  SUB Companies Editor: ALAN LEE By CHAN MAY PENG PROPERTY-based Menang Corporation (M) Bhd is acquiring the entire issued and paid-up capital of Honco Holdings Bhd comprising 9.75 million shares for a total consideration of Ms 24 million. The Honco group is better known
    494 words
  • 149 12 TWO companies, Gold Coin Ltd and Hind Hotels International Ltd, have proposed bonus issues of one-for-10, along with the release of poor 1983 results. Gold Coin, for example, suffered a 17 per cent drop in group pre-tax profits to 118.55 million ($22.45 million) for the year
    149 words
  • Chief Price Changes
    • 179 12 Rises M A A Ajr«r Hit** Tta G Lnkw Kamttu SO* CAS HftOt Brf* j m Ktwat I C 8 MT On K O Hides D Ittuii T.» ,,lnl M Cmmmmt Ortmtal Hld|i M MiUbT ThM hen 1040 900 m m 383 460 ■no 540 335 an MO 800
      179 words
    • Article, Illustration
      143 12 THE «agnpsre stoek market ended mixed yesterday after tpeaißg mi a itrnnf nft TW Stnlto Times Industrial ladex fell 5.25 (Mints to MB.U while toe Business Times Composite Index Inst SJB potato to 91SJ8. Rises A Molek 2650 +250 Kluang 2500 100 Taiping Con 4600 100 Gopeng 820
      143 words
    • 50 12 H.K.HANG SENG Friday 1064.30 Thursday 1070.70 Week Ago... closed AUSTRALIAN INDUSTRIALS Friday 983.0 Thursday »3.8 Week ago closed ALL ORDINARIES Friday 753.2 Thursday 752.9 Week Ago closed FINANCIAL TIMES INDUSTRIALS Thursday 899.1 Wednesday 881.6 Week Ago 880.0 OOW JONES AVERAGE INDUSTRIALS Thursday 1175.25 Wednesday 1163.53 Week Ago 1158.08
      50 words
  • 445 12 THE Straits Times Press (1975) Ltd, sister company of Times Publishing Bhd, has turned in an impressive set of results for the half year to Feb 29,1984. Group pre-tax profits improved by a strong 37 per cent to $19.7 million (from $14.36 million
    445 words
  • 936 12 EQUITIES closed firmer yesterday, but below the day's best levels amid light profit-taking as the extended Easter account came to a quiet close, dealers said. Yesterday's encouraging company news and higher close on Wall Street lifted the FT 30 index 7.8 points to a record 906.9 at noon.
    936 words
  • 46 12 MULTI-Purpose Holdings Bhd has sold 66,000 Dunlop Estates Bhd shares for M 5149,170. Multl-Purpose now holds 31.21 per cent of Dun!op's equity. Multi-Purpose Holdings has also sold 45,000 Mulpha International Trading Corporation Bhd shares for 155,550, reducing its equity to 74.73 per cent.
    46 words
  • 516 12 GENERAL Corporation Bhd (GCB) has entered into a joint venture with Perbadanan Kemajuan Negeri Kedah (PKNK) to develop a six-hectare site in Alor Star into an urban complex costing an estimated Msls4 million. This is the first joint venture scheme of its kind
    516 words
  • 287 12  -  CHART PlllillVT By Hock Lock Siew EVER since the shares ef Properties ft Industries Bhd (API) hit nn 'all-time' high ef $2.4« In mid-Jane Inst year, the ceaater has been in n bearish downtrend. Hie shares came nnder the Inflaeace ef n stx-meath dewatrend resistance line ST.
    287 words
  • 68 12 NEPTUNE Orient Lines has formed a new subsidiary Neptra Shipping Pte Ltd to own and operate bunker barges. TRADING on a settlement basis for shares of Em Malaysia Bbd, Times Publishing Bbd and United Plantations Bbd was suspended from yesterday. SINGAPORE FeMer Cm inadvertently omitted group investment and
    68 words
  • Page 12 Advertisements
    • 293 12 WARNING NOTICE CHUNG AH BRAND TZEPAO SANPIEN PIUS YANTAI PHARMACEUTICAL WORKS CHINA Registered No. ***** TZEPAO SANPIEN PILLS Registered No. ***** Registered No. ***** Registered Nos. ***** ***** NOTICE IS HEREBY GIVEN that TECK SOON HONG LTD a company incorporated in Hong Kong is the registered proprietor of the above
      293 words
  • Page 12 Miscellaneous
    • 64 12 EAT:HER= l. =a OUTLOOK for today: Partly cloudy, scattered showers in the early morning and late afternoon. Report for 24 hoars prior to 7.39 pm on April tt at the airport: Maximum temperature 31.5 Associated humidity 70 Minimum temperature 25.2 Associated humidity 93 Hours of sunshine 6.90 Rainfall in millimetres
      64 words