The Business Times, 1 May 1982

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MAY 1, 1982 60 CENTS
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  • 300 1  -  By Lim Soon Neo IT IS back to the negotiating table again in Bonn for the Singapore and German departments of civil aviation on May 11 and 12 as their respective airlines have again failed to resolve the airfare disputes. Officials from Singapore
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  • 462 1  -  By BERNADETTE CHOOI FINANCIAL institutions in Singapore will be able to trade on a fully automated commodity futures exchange when the first such system becomes operational this year. The system, called The International Futures Exchange (Intex), is a Bermuda-based computerised network which enables participants to
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  • 484 1  -  By WANG LOOK KEAH THE links between the National Trades Union Congress and the People's Action Party will never be broken, said the leader of the Singapore labour movement, Mr Lim Chee Onn. Anyone who thinks that the relationship between the two can be
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  • 303 1 THE Singapore Chinese Chamber of Commerce and Industry (SCCCI) is considering recommending to the Government the lowering of estate duties. In its monthly management committee meeting yesterday, Mr K C Tan, vice-chairman of the chamber, suggested that a committee be formed to look
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  • BRIEFLY...
    • 76 1 Reuter LONDON, Fri. The Swedish city of Gothenburg became the first city outside the US to issue commercial paper publicly, commercial paper dealer Goldman Sachs and Co said. The city plans to raise up to US$5O million through the issuance of its paper, which has received the highest
      Reuter  -  76 words
    • 63 1 Reuter ROME, Fri. Italian businessmen do not want a lira devaluation but if the differential of inflation with other countries remains high, the consequences on the adjustment of exchange rates will be inevitable, Vittorio Merloni, president of the General Confederation of Italian Industry, said. Businessmen sought the recovery
      Reuter  -  63 words
    • 53 1 UPI MANILA, Fri. The Philippine government may have to postpone implementation of a US$45O million textile industry rehabilitation programme, the Business Day newspaper said today. The delay was prompted by the inability of local textile millers to finance at least 30 per cent of the total cost of modernising
      UPI  -  53 words
    • 85 1 Reuter LONDON, Fri. Bankruptcies in England and Wales fell in the first quarter of 1982 to 1,270 seasonally adjusted from 1,352 in the fourth quarter last year, but company liquidation rose by 31 per cent to a new peak of 2,931 seasonally adjust- Ed from 2,235 previously,
      Reuter  -  85 words
    • 65 1 AFP JAKARTA, Fri. Indonesia has been unable to cut its iron ore imports due to the growing consumption at home, an industry ministry spokesman said today. Indonesia imports around 600,000 tonnes of iron ore annually from Bbrazil and India for local iron industries such as piping, concrete,
      AFP  -  65 words
    • 83 1 Reuter TOKYO, Fri. The average contracted interest rate for lending by all Japanese banks in March fell 0.075 of a percentage point to 7.264 per annum from 7.339 per cent in February, when it fell 0.117 of a percentage point compared with January, the Bank of Japan
      Reuter  -  83 words
    • 62 1 Reuter LUXEMBOURG, Fri. European Economic Community farm ministers ended a three-day negotiation on 1982 83 farm prices today without agreement on proposed price increases of nearly 11 per cent. After presiding over an all-night session of bargaining, Belgian Farm Minister Paul de Keersmaeker said that two countries Britain
      Reuter  -  62 words
  • 402 1 THE Natieaal Trtdrs I nlon Congress will today present May Day awards to eight person» and Uiree companies, all of whom made significant contributions to the labour movement. TV late Mr R A Hamld will receive the distinguished labour service sward in recognition
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  • 466 1  -  PM's May Day speech By SALMA KHALIK SINGAPORE has achieved less than half of its full productive poteprtial To achieve a breakthrough towards a highly-productive society, Singaporeans must develop true team spirit and improve their work attitudes. In his May Day message, Prime Minister Lee Kuan Yew
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  • 254 1 THE developer of Horizon Towers has signed a $41 million loan to finance the completion of its luxurious apartment blocks in Leonie Hill. The loan is needed because slow sales in the sluggish property market have upset its financing schedule. Providing the loan are
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  • Page 1 Advertisements
    • 232 1 (::'>._{^\)^(%$)`\|"|{(!=^>}?.* SENIOR bankers are increasingly worried that the Falklands crisis could damage international capital markets by producing strains between banks in Britain and other Western countries Page 2 SINGAPORE Polytechnic will spend some $146 million under a five-year plan to expand and upgrade its facilities Page 3 ECONOMIC recovery in
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    • 48 1 ur The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by f FEDERAL PUBLICATIONS lIT I 1 evv n° a d. Singapore 19E A member of the Times Organisation
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    • 49 1 >K I fnis month How Parliament ensures the budgeted $12.4 billion is spent the way it intended Editor!*!...page f I-Ax s •CO O 6 A^ 0 > >T d>\« v\° A s 3r Sole Agent: EXCELSIOR (PTE) LTD. 66, High Street, Singapore 0617. ■> r~ r i i i I
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  • BANKING AND FINANCE
    • 445 2 Reuter POSSIBLE escalation of the Falklands conflict is beginning to affect both the participation of British banks in Venezuelan loans and the placement of Venezuelan deposits in London, banking sources said in Caracas. Venezuela has been among Argentina's firmest supporters in its dispute with Britain,
      Reuter  -  445 words
    • 302 2 THE Hongkong and Shanghai Ranking Corporation has announced a whole series of management changes resulting in new heads for its Singapore, "Malaysia, India, Saudi Arabia and Hongkong branches. Mr RHL Bacon, the chief executive officer of the Singapore branch, will he succeeded by Mr JAP Hill,
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    • 671 2 Reuter, UPI SENIOR bankers in Luxembourg are increasingly worried that the Falkland Islands crisis could damage international capital markets by producing long lasting strains between banks in Britain and other Western countries. They said their concern centres on demands by British banks, which have lent money
      Reuter,; UPI  -  671 words
    • 686 2 Reuter CONTINENTAL Illinois Corp said its Continental Illinois Ltd subsidiary arranged a US$2O million floating rate certificate of deposit issue for the Mitsui Bank Ltd. The issue has a three-year maturity, retractable to two years at par at the issuer's option. The spread is 3/16 per cent
      Reuter  -  686 words
    • 203 2 Reuter UK interest rates should resume a downward trend soon sharing in a worldwide move, Falklands islands developments permitting, Barclays Bank PLC said. In its latest financial survey, it said: "Our view that US rates will soon embark on a significant downward trend should
      Reuter  -  203 words
    • 483 2 Reuter A FURTHER realignment in the European Monetary System is likely later this year or early 1983, because of the large differences in inflation and balance of payments performance between EMS members, David Kern, manager of National Westminster Bank's economic analysis section said. The recent Belgian
      Reuter  -  483 words
    • 165 2 KDB International (Singapore), one of the latest entries In the merchant banking scene here, has made a first step Into the International syndicated loans market. Together with Singapore Nomara Merchant Banking, It will lead-manage a US$ll million term Inaa to Korea's largest leasing company, the
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    • 317 2 Reuter EGYPT is making major Euromarket borrowings through banking syndicates that include Arab banks for the first time since it was boycotted by the Arab world for signing its 1979 peace treaty with Israel, bankers said. The central bank of Egypt is borrowing US$2OO million from
      Reuter  -  317 words
    • 156 2 THE Finance Houses Association of Singapore has elected Hong Leong Finance, represented by Mr Kwek Leng Beng, as chairman of its 1982/83 management committee. There were few changes in the management committee with the exception of DBS Finance, elected as member with Mr Ng Kim Leong as representative.
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  • MONEY AND EXCHANGES
    • 325 2 SINGAPORE gold futures yesterday closed generally firmer on local short-cover-ing supported by the metgal's rise in overseas markets, dealers said. Trading was moderate with total sales for the day recorded at 130 lots while kerb volume dat 88 lots. Prompt closed stronger at U*****.50/361.00 an ounce against 351.50/353.50 on
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    • 40 2 New York 700B 7.UB TOTS 7 26S Zurich S SOB 7 10B 7 OQS 7 JOS rrt nan Singapore 7 OOB 7 038 7.10S 7 US Closing prices in US dollars troy ounc 1. Source: Credit Suisse, S'pore.
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    • 50 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 3 to May 7: Offered: $130,000,000 Applied far: $140,920,000. Alleged: $130,000,000 Accepted bids: $99.03 approximately 95 per cent higher bids in full. Average rate d dlsrcut m allotment: 3.885 per cent per annum.
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    • 41 2 Opening quotes yesterday: US —1.7945/53 Can 2.1885 910 Cross 1 2194 97 DMk -4.1842 92 DF1 4 9210 362 S FY 3 5018/64 B Fr con 79.05/20 F FY 10.9210 362 Lit 2325 55 2330 45 Yen 422 40 423.15
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    • 498 2 TRADING on the foreign exchange market yesterday was quiet and erratic with the American dollar weakening against most major currencies. Against the local currency, the US unit opened at 552.1030/40 and fell to a low of 552.0975/85. Some commercial demand later pushed it up to close at 552.1000/
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    • 137 2 THE US dollar in Hongkong yesterday strengthened against all major currencies in quiet trading ahead of the week and month ends, dealers said. The dollar's steadiness was technical, they added, noting that trading was subdued by uncertainty over US interest rates. Asian dollar deposit rates fell 1/16 point from
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    • 154 2 THE dollar (or overnight delivery in Tokyo yesterday closed firmer at 236.30 yen from its opening 235.20, dealers said. This represented a significant recovery on its 235.10/ 30 finish in New York overnight but was still below the previous finish in Tokyo of 237.30 yen on Wednesday. Trading was
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    • 22 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 10.23 per cent.
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    • 187 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on April 30; US D«Uar»<8aat) Offer Bm 7 days 15H 15)1 1 month 153/10 151/10 2 months 15 1/lfl 14 15/10 3 months 15 14T* 0 months 15 14H 9 months 14H 14** 12 months 14 13/10 14 11/10 DM
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    • 5 2 Source: National Discount Co
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  • Page 2 Advertisements
    • 176 2 *0 The Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK M was well known in the I!" "1 Banking and Finance I T circles of Singapore. 1 He played a prominent l/Vi\ part in the early days of yC/ Sti I Chinese banks, especially Tt\ V/ in the establishment
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    • 183 2 AMCOL ELECTRICAL INDUSTRIES LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 18th Annual General Meeting of the Company will be held at No. 19, Wan Shih Road. Singapore 2262 on Friday. 14th of May 1962 at 3.00 p.m. for the following poses1. To
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  • TRADE AND INDUSTRY
    • 1077 3 SEMINARS AND COURSES March 1-May 6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS April 2-June 4 (Fridays): Sales Force Management, Bukit Timah Centre, Department of Extramural Studies, NUS April 5-May
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    • 254 3 THE government should review the existing statutory restrictions on retrenchment benefits to mlolmloe the harden of displaced workers. This recommendation was made by the 298 participants from S3 affiliated anions who attended a workshop on Industrial affairs at the National Trades
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    • 556 3  -  By WONG MAI YUN THE Singapore Polytechnic will spend some $146 million under a five-year plan to expand and upgrade its facilities to accommodate about 9,000 full-time students by 1986. It will more than double the built-up area of the Dover Road campus from 71,520
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    • 472 3  -  By SALMA KHALIK TANDON (S) Pte Ltd, which has exported $3.8 million worth of single-sided disc drives since it started local production two months ago, may have to delay its expansion plans because of a lack of space. Tandon is a leading supplier of double-sided
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    • 214 3 THE number of visitors who came to Singapore in February totalled 225,006 or 4.3 per cent more than the number a year ago. Visitors from other Asean countries made up more than a third of the total with 77,939 arrivals. Japanese visitors totalled 36,004 or 16
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    • 291 3 SPERRY Univac, the second largest computer maker in the US, has introduced an information retrieval system aimed at the public sector here. Its marketing campaign is centred on Unidas (the company's in-house information storage and retrieval system) and Polis, a modified version of
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    • 138 3 THE Singapore Advertisers Association elected Mr Dennis Khoo of Nestle's Products as its new president at its annual general meeting yesterday. Mr Khoo replaces Mr Patrick Mowe from Jack Chia-MPH who has held the post of president for eight years. Mr Francis Fong from Minolta Singapore takes
      138 words
    • 357 3 CITIBANK NA has made the following appointments: Mr Kaag Ptaee B**o, vicepresident, as regional system head of its consumer services groups for Singapore, Malaysia and Indonesia. He will be responsible for systems planning and implementation in the automation of retail business in these countries. He is also
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  • Page 3 Advertisements
    • 243 3 Duration, Title, Venae and Organiser APPOINTMENT W ASSISTANT COMPANY SECRETARY For a leading Merchant Bank in Singapore. EDUCATIONAL QUALIFICATIONS: Candidates should preferably be an Associate of the Chartered Institute of Secretaries and Administrators (ACIS). Applicants with Legal or Accounting qualifications and relevant working experience will also be considered. WORKING EXPERIENCE:
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    • 362 3 MAYA VIDEO PTE LTD. Maya Industrial Building, 205, Kollong Bahru, Singapore 1233 Tel: *****16/7 Specially manufacturing superior quality VHS V-O Cassette, video blank cassette tape. Our brand is "SMART". For trade enquiries all are welcome. and give yourself and your family the fintannica advantage! it's the key to success in
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  • OVERSEAS
    • 137 4 CHRYSLER Corp has reported a U*****.9 million profit for the first quarter of this year, compared with a 5289.3 million loss for the same period last year. Chrysler chairman Lee lacocca noted that this year's quarterly profit included a one-time gain of 1239 million from the
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    • 685 4 AFP ECONOMIC recovery in the industrial world now seems certain to be delayed until early 1983, following virtual zero growth this year. This is according to forecasts presented on Thursday to senior officials of the 24-nation Organisation for Economic Cooperation and
      AFP  -  685 words
    • 176 4 UPI THE US Administration yesterday defended its plan to put pressure on the deteriorating Soviet financial situation by seeking to shut off all Western government credits to the Soviet Union. "We conclude that continuing unregulated flow of Western government-sup-ported credits to
      UPI  -  176 words
    • 136 4 UPI IN SPITE OF a 13 per cent drop in traffic, Chicago's O'Hare International Airport handled more than 37.9 million passengers last year, ranking it the busiest single airport in the world again. An aviation group in Washington, in its annual rankings of
      UPI  -  136 words
    • 357 4 Reuter ESTIMATED remalalag recoverable UK oil reserves discovered m far fell 75 million tonnes to 1.82 Mlllon tenses Is 1181, Ike UK Eaergy Department said. The original qsastlty sf total recoverable reserves fell M million to—es to betwees 2.11 and 4JB billion teases, lacladlag
      Reuter  -  357 words
    • 426 4 THE US Federal Communications Commission has approved the award of a controversial multimillion-dollar fibre optics contract by the American Telephone and Telegraph Co to its Western Electric Manufacturing subsidiary, dismissing the discrimination complaint of rival Fujitsu Ltd and the Japanese government. The
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    • WORLD IN BRIEF
      • 484 4 DEVELOPMENT of the Trident-D missile at Cape Canaveral over the next decade will assure the US Navy's nuclear submarines of an unprecedented capability against "the full spectrum of Soviet targets', a top Defence Department official said. The Trident-11, also known as the D-5, was approved by the
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    • 401 4 Reuter NIGERIA'S depressed oil output may drop again from today if oil companies implement notices to phase out purchases from the African member of the Organisation of Petroleum Exporting Countries (Opec), oil industry sources said. Nigeria has been under pressure to cut its
      Reuter  -  401 words
    • 270 4 Reuter THE END of the current recession in the diamond industry is not yet in sight and De Beers Consolidated Mines Ltd anticipates a further increase in diamond stocks this year, chairman Harry Oppenheimer said in the annual report. De Beers'
      Reuter  -  270 words
    • 132 4 Reuter THE West Australian government has refuted reports that an agreement has been reached for the marketing of diamonds from the lich Argyle deposit in the far North of the state. De Beers Consolidated Mines of South Africa was recently reported as saying that a
      Reuter  -  132 words
    • 786 4 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0115 JFK/SPOHKG Cargolux CV796 0315 LUX/DXB CAL CI331 0350 TPE SIA SQ101 0006 KUL MAS MH671 0920 KUL MAS MH680 0965 KCH RBA Bid 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP
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    • 476 5 Reuter, AP PRESIDENT Reagan has urged the people to support his budget policies and force opposition Democrats in Congress to end what he called their habit of spending without restraint. Mr Reagan, who failed to reach a compromise over his controversial 1963 budget in
      Reuter,; AP  -  476 words
    • 140 5 Reuter THE EEC will adopt a more restrictive position during negotiations for the renewal of an EEC-Philippine trilateral textile agreement. An EEC spokesman in Manila on Thursday said under the present textile agreement, which expires at the end of this year, the Philippines became the
      Reuter  -  140 words
    • 242 5 AFP JAPANESE corporate executives are confident of tiding over the harsh business cimates by raising productivity and developing new technologies. This was revealed in a survey covering 1,035 companies listed on the Tokyo, Osaka and Nagoya stock exchanges, which was conducted by the Japanese
      AFP  -  242 words
    • Article, Illustration
      487 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Star, ro/ro (1930) 3/ 4 Commander Grut, tanker (1200) 15/16 Dalmacija, passenger (0700) 33/34 Elysian Star (0900, after Oakwood) 25/26 Feng Tao (0630, shifts) 1/2 Jenson (after Kim Soon Li) 22 Kota Perwira (after Erfurt) 13/14 Li Shan (1230 tide) 18
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    • 253 5 Reuter UPI JAPAN'S aaadjasted aaeaptoymeat to March rase Is 1.17 aHIHsa tram IJS lafllt— la Fehraary aad was ap from 1.42 aiilttsa a year earlier. lie Prtee Office yesterday said the Mare* flgare tepreseato aa aaiapbywat rate sf tl per cart, agalast 14 per
      Reuter; UPI  -  253 words
    • 525 5 ECONOMIC FORECAST AP THE Japanese economy will continue to outpace both Western Europe and the US during the 1980s, says a leading American forecasting company. This will occur in spite of sluggish domestic markets in Japan and a slowdown in government spending, according to
      AP  -  525 words
    • 165 5 UPI JAPAN and the US will resume talks In Geneva next week on Japanese import quotas on (arm and fishery products. Negotations broke down in Washington last month with a number ot products still under discussion. Japan earlier .this year agreed to remove import quotas on some
      UPI  -  165 words
    • 203 5 AP BARGAINERS for the United Rubber Workers and Goodyear Tire and Rubber Co have reached tentative agreement in Ohio on a new three-year contract. William Newkirk. Goodyear's chief spokesman, issued the Joint announcement on Thursday, saying the agreement "basically followed the settlement previously reached
      AP  -  203 words
    • 165 5 AP NEGOTIATORS for the United Auto Workers and International Harvester Co have reached agreement in Chicago on the main points of a contract intended to help revive the financially ailing equipment manufacturer. IH spokesman Bill Greenhill announced this on Thursday after more than 13
      AP  -  165 words
  • Page 4 Advertisements
    • 346 4 HENRY YEARS OF UPHEAVAL K9HM N^r of S^aVM j In Years of Upheaval, Henry Kissinger recalls the turbulent years of the second Administration of Richard Nixon, which began on 20 January 1973. Two momentous events and their consequences dominate the account: the Watergate scandal, and the 1973 October war in
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  • Page 5 Advertisements
    • 653 5 Till: CONFKRKNCK Public shareholders fi«M|U«*nily neglect thru authorry over the Board of Directors ami allow the companies which they have invest***! in to inn unchecked < iften the intrigues and |>ersonalifv politics of the boardroom sap the company s strength Leadership is an important ingredient of a company's success and
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  • 598 6 WORKERS OF the world unite, said Karl Marx, you have nothing to lose but your chains. Workers of the world unite, runs a contemporary counter-view, you have nothing to lose but your jobs. Those views span most of the industrial age and it
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  • 829 6  -  Which is the most beautiful hotel in the world? The Lake Palace in Udaipur, India, says our writer. Built as a maharana's summer palace nearly 300 years ago, it is, he says, an Arabian Nights fantasy
    UPI  -  829 words
  • 638 6  -  By HOWARD LUXENBURG Reuter THE VICTOR to the "Cola" wars between Pepsico Inc and Coca Cola Co is yet to be determined, but lately Pepsi is winning a battle Just as important. While Pepsi has been gaining market share to recent years, Coke
    Reuter  -  638 words
  • Page 6 Miscellaneous
    • 613 6 CRYPTIC PUZZLE ACROSS 1 Paste with a cane? (5) 6 The dictator's decree (5) 9 Hit casually but quickly (7) 10 Brass bringing everybody much Joy? (5) 11 Fruit given to a goose? (5) 12 He gives a snore (5) 13 They're receptive to what one wants to plug (7)
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    • 851 6 1 TV The whys and wherefores hew we get tight aai fay, haw tfce mrtfc'a retettea remlt> ta the fear immb aad win time to tfflereat at dtfpea* direetty «r ladlreetty •a made by greea plaata, It will be brtmattag to dad Mt tew plaato wtially nuke Iwi. Hmw Greea
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  • 1081 7  -  Britain's lease on Hongkong's hinterland runs out in 15 years. A new deal will have to be struck with China, says ALAIN CASS, and this is likely to take the form of an 'understanding' rather than a treaty or a lease. ALAIN CASS, FT ONE
    FT  -  1,081 words
  • 687 7 FT WHAT daea I*l meaa to the people af Haagkaag? In a pall carried aat recently by the liberal leaalag Referm Gob, I per eeat sf rea pendents said spaataaeaaaly that It meant the expiry af the leaae gaveraiag laad
    FT  -  687 words
  • 803 7  -  By BILL DEENER NYT SHE lies 3100 metres beneath the bone-chilling waters of the North Atlantic, still haunting and alluring. The Titanic was queen of luxury ocean liners, a sanctuary of splendour for the rich and she was considered unsuitable. She became a
    NYT  -  803 words
  • Page 7 Advertisements
    • 543 7 if you fought Hi it lived through it-or lust wonder what N was really Mb. [i IK k 1H l-l I NOW FROM yy 1 n v .v. im M P if J l OYER 44)00 A Japanese kamikaze plane thunders toward the deck of the new U S carrier
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  • INTERNATIONAL STOCKS
    • EUROPEAN MARKETS
      • 172 8 APR 29 FU abn 302.00 unch Ahold 78J0 -01 Akso 29.50 -0.5 AMEV 17 90 -0.9 Am fas (TOO Amrobnk 54 70 ♦0.1 Berfots Bert HZ 31 00 unch Bola SB 00 unch Borsumt] 102.50 -0.5 Bur h man n 48 90 -ai Caland 34.50 13 Calve Delft Deli MIJ
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      • 239 8 APR 29 FTx CORBEILLE Alr-Llqutde 488 fS B S N Otrnla Danone 1450 4 10 C 8 F (ThomsonCat) 174 -5 Cle Francalw del Pttroles 120 •1 Compacnle Financier? Compter) It Qenerale Credit Fonclcr De France 360 unch Hachette (Llbralrte) 430 unch Machines Bull 31 15 -0.06 Mlchelln (B)
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      • 92 8 APR 28 Pre FORWARD MARKET AffC 460 Arbed 1388 -12 Aitar 454 -4 Bructn no unf h Bru-Umb 1332 *1 Canpic 1062 12 Cock 181 unch De Beers 218 5 Ebes I860 •IS Electro bel 4350 -30 Ob-In no-Bm 2560 10 rw. 1830 -10 Hobok 3376 4666 5 Ryl
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      • 219 8 APR 28 Dm Aef-Telctunken «110 1.4 Akio X 40 -0J Alls Vers 470 JO BASF Bay H T Wbank Bay Vbank Bayer 136 40 ***** 300 00 ***** -0J -0 5 25 BBCBMW Cassella Chun Vers Commersbank ***** at* oo SO 00 213 SO 140 00 -0J -0J 17
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      • 193 8 apr a Pranrs Action* Suian Alusutsse Br Alusulsse Reg Brown Bonn Br Clba Oelgy Br Clba Oeigj PCClba Gelg} Ref Credit Suba* Br Credit SuliM Reg Elekirowatt Br George Plscher Br Olobus Pe H*ro Br. a>*> »ii 110 1(00 1286 1000 MB 1730 IB 2286 440 330B 22TSB -12
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      • 96 8 apr a Lire Bastofl 190 -05 Bel ***** 100 Central# Ord 4710 -so Cond Acqua Roma Ertdania iae 13»0 -4 360 rtat Ord 1771 0 Qlm awo -1300 -90 Ifl Prl. riu -50 Invest no IS Italeementl Ord aeoc -soo Italgai MO -a LtpMIl Ord Mediobanca ZZ ***** 4900
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      • 196 8 APR CI AbUibA 1IH -H A lean 23* Alfoma 32"* Bank Moni 30 -*fc B*nk Nova Scotia 20* -H Bell Ttl 19* Beth Corp BP Can Lid I aw -1 Braacan it unch Camp Red Lake 1SH unch Can Imp Bk 22* Can par -1* Can par ln< Pf
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      • 297 8 APR 29 Rand INDUSTRIALS A Alpha 356 5 Abercom 310 5 AC And CI m unch AM1C 2560 unch Barlows MO 10 Cf Sugar 1000 unch CNA 000 unch Currle Finance 23S8 De Been Ind Ed con 14» -25 Edfart B900B unch Fed Volk H OBO .5 ruffll 240
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  • Page 8 Advertisements
    • 711 8 @~|/($@@:?^^'|>@^>,?=<*<}`+:\}< Where to wine, dine and entertain nrvw-Tvv wilt) the American Express Card StyaporeDdffi BufWDwier Our buffet dinner special for those who hue the perennial local favourites. Bmttet from 6.39 pn 10.30 pm Satay Chicken Rice Fried Hokkten Mee Sweet and Sour Pork Tahu Goreng Singapore Rojak IF YOU'RE LOOKING
      711 words
    • 237 8 Rfcasgood as going to Bangkok. <*/ V> This is Thai Sealood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was An enormous variety ot succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant WBCwyn r«in
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  • RAW MATERIALS
    • 806 9 COFFEE: Robusta coffee futures yesterday ended the morning steadier, £8 to £17 a tonne above Thursday's close in traded positions. Dealers said chart based buying by some commission houses boosted prices further from opening advances of £6 to £7 a tonne. The May contract was lower than the
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    • 123 9 THE Kuala Lumpur crude palm oil market yesterday closed mixed in cautious trading, dealers said. In April central dropped Mss to $950 per tonne and south $2.50 to $952.50 while north was traded unchanged at $957.50. May central rose $5 to $950 and south was unchanged at $945.
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    • 1271 9 NEW YORK STOCKS THE inability of Congress and President Reagan to agree on a Federal budget compromise caused New York stock prices to drop sharply on Thursday. "Hie Dow Jones Industrial average slid some seven points in the first hour, pulled back to a drop of about
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    • 58 9 THE STRAITS tin price in Penang gained another eights cents to M529.4i a kilo, still within the ITA lower range of $29.15 and $32. K. The upward trend was due to continued local demand, helped by interest from the buffer stock manager. Turnover rose to 232 tonnes from
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    • 34 9 Rubber: Apr 30 Singapore: May: 192.00 cents (up 1.50 cents) Malaysia: May: 207.25 cents (down 0.75 cent) Tin: M $29.40 per kilo (up 8 cents) Official offering: 232 tonnes (up 77 tonnes)
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    • 88 9 A CROP specialist for the American Farm Bureau Federation (AFBF) predicts another huge wheat crop this year in most wheat producing states, despite heavy sign up in the reduced acreage programme. Dean Brown, director of the AFBF feed grains, wheat and soybean department, forecast 1982
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    • 173 9 CHINESE Pwi«M Exehaage, SligspNt, mm etatag price» per 1M kg yesterday. CMMit «0: Bulk fob $100.00 sellers, okl drum (in second band drum) fob $112.00 sellers, new drum fob $116.00 sellers. Cspra: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $370.00 sellers, Sarawak white pepper
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    • 197 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) C*ttM yarn: China Blue Phoenix 20b 2,400 32s 2,940, 40s 3,130 (per bale of 400 lbs). Pleee gssis; China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      197 words
    • 330 9 SINGAPORE: Yesterday's closing prices in S) per kilo, ex-godown: THAI WHITE. 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent new crop n<J stock, B-10 per cent 0.81. THAI BROKEN: A-super 0 65, Special
      330 words
    • 216 9 THE RUBBER market in Singapore yesterday closed higher with May One RSS buyers quoted at 192.00 cents per kilo, up 1.50 cents from Thursday's close. The morning market firmed one cent on demand for May shipment rubber. Prices rose slightly in quiet afternoon trading. In Kaala Lumpur, the Malaysian
      216 words
    • 357 9 R AS price* in cenU per kilo yesterday: Noon (per kilo) Buyers Sellers lot 1 R SS prompt o.b. UT.OO U8.00N Int. 1 R.S.S. kUy IS 00 133 00 Int. 1 R S S June UI 00 190.00 Int. 2 R.S.S 174.50 178 SON UK/Coat 173.30 *****N Int. 3
      357 words
    • 113 9 NOON 881 I l 1 lardajr HAS HM Jut (Carnal m;«I S< Mtk) »lUrt (TinxH Mit) Ballon SSR 20 (1 too pailat) iojo 1«6S0 N 164-60 188-SAN 184 AN SSR50 (1-toa pailat) ***** 183 JON 182.60 MRS LB *»J Ina SMRCV (1 too pailatl 103.00 306 00N
      113 words
    • 185 9 SOYBEAN futures in Chicago on Thursday closed 9Vi to seven US cents a bushel higher after a rally sparked by heavy professional buying. Buy stops were triggered near the close at the Julybased 16.72 level, fueling the rise. Tightness in the cash market in response to very light country
      185 words
    • 165 9 WHEAT futures in Chicago on Thursday followed the rally in soybeans to close on the plus side, gaining V« US to one US cent a bushel. Traders said prices rose on local short covering near the dose, triggered by gains in soybeans and helped by scale-down commercial and professional
      165 words
    • 515 9 RUBBER smallholders in Malaysia have welcome the news that the buffer stock manager is preparing to buy more rubber but they have overlooked a catch. If the present depression in the market persists, and too large a stockpile is built up, the buffer stock
      515 words
    • 265 9 THIN BUT quietly steady conditions were maintained as current One RSS gained 3 Vt cents, HaMay, Caller, Bath sad Company said in its review for the week ended April 29. Sentiment continued to be affected by the new high for the year in London, increased tension over
      265 words
  • Page 9 Advertisements
    • 350 9 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated
      350 words

  • 1461 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. SECTION ONE INDUSTRIAL COMMERCIAL Acma (2.748) Allied
    1,461 words
  • 196 10 SINGAPORE I'NIT TBl'ST prices far May S) The Commerce 2 98 3.13 The Savings Fund 170 178 S pore Prog Fund 1.29 1.35 S pore Sec Fund 1 99 2 09 S pore Invest Fund 109 1.14 S pore Equity Fund 1.25 1.31 ASIA I NTT TWIST (Nwifen'
    196 words
  • 2880 10 Gr'a Gr'a Net 1982 Last Div Div Y'ld P/E Vol Day ligh Low Company Sale +or- C'vr (OOO) High Low SECTION ONE INDUSTRIAL A COMMERCIAL 306 247 Ac ma 277 14.5 3.2 52 9.9 Alcorn 115 3.7 0.5 32 104.5 233 172 Allied Choc 188 -2 7.0
    2,880 words
  • 1605 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. [NIK «TRIALS t JaiaMli (2MB) ull AkM (1.268 1 275) (2) 1
    1,605 words
  • 175 10 INDIA-Malaysla Textiles Berfcad: EGM to be held at 179-241, Mak Mandin Industrial Estate, Butterworth, Province Wellesley on May 3 at noon. AJINOMOTO (Malaysia) Berfcad: Twenty-first AGM to be held at 6'/4 Miles, Simpang Salak South Baharu, Kuala Lumpur on May 4 at 9 am. MALAYSIA BaiMlag Ssdety Berfcad:
    175 words
  • 765 10 A HANDFUL o( speculative stocks yesterday provided some sparkle to the stock market, trading 1b which was largely erratic aad caattoaa. Share prices el—cd generally mixed. The Straits Times ladastrlal Index gained a marginal I.N point to 7M.tr Specalatlve play 1b Ceatral Sagars drave Its
    765 words
  • 597 10 PRICES moved within a narrow range in early trading at the Kuala Lumpur stock market yesterday but closed steady as interest returned in the afternoon. The main feature of the day was the interest in textile stocks such as Taiping Textile, Malaysian Textile and Public Textile.
    597 words

  • COMPANY NEWS
    • 459 11 THE efforts of hotel group Overseas Union Enterprise to diversify operations should well place it to meet the expected glut of rooms in the hotel industry in a few years time. Owner of the 1,200-room Mandarin hotel, OUE is ■also making concerted
      459 words
    • 363 11 FAR East-Levingston Shipbuilding plans to use the proceeds of $42.2 million from its two-for-five rights issue to finance the construction of a new yard at a 20-hectare site in Tuas. The yard, which will be the largest single rigbuilding facility in Singapore, is being built
      363 words
    • 1164 11  -  Market Talk... By NAJEEB JARHOM STOCK market directions in Singapore will depend very much on the US market. At the moment though, the New York market could move either way depending on what news or speculation relating to the American economy, money supply growth, interest rates
      1,164 words
    • 432 11 FEDERAL Cables, Wires and Metal Manufacturing has reported dismal results for 1981, due mainly to the recession and other adverse factors. The company suffered group pre-tax loss of M 53.81 million for the 12 months ended December last (including a share of
      432 words
    • 933 11  -  The series on sogoshoshas this week focus on Mitsui which ranks equal with Mitsubishi Corporation in worldwide operations. However, Mitsui has an edge over Mitsubishi in Malaysia in terms o! the size and scope of its overall operations. Mitsui has built up a sound foundation
      933 words
    • 106 11 AFP. HONGKONG business tycoon U Ka-shing has "personally" agreed to buy a 9.5 per cent shareholding in Kaiser Cement Corporation of the United States. Mr Li, who is also chairman of Cheung Kong Holdings, had agreed to buy the shares from the American corporation purely for investment.
      AFP.  -  106 words
    • ASIAN STOCKS
      • 394 11 SHARE prices in Tokyo yesterday closed slightly lower with trading limited throughout the day by hesitancy amid the staggered spring holiday period, and caution over the further setback on Wall Street and tensions in the Falklands, dealers said. The market average shed 14.48 to finish at .7,390.80
        394 words
      • 336 11 HONGKONG STOCKS IN Hongkong yesterday closed firmer on late rallies in active trading after softening in the morning, brokers said. The Hang Seng index finished 20.27 points higher at 1,323.36, after a 3.51 loss at 1100 hrs. Traders attributed the firmness to speculative buying, especially of China
        336 words
      • 104 11 SHARE prices in Bangkok yesterday closed lower in the absence of buying support in weak and selective trading, dealers said. The Book Club index fell 0.40 to 92.40 points on a turnover of 5.2 million baht. APR Bahu Asia Fibre Ayuthaya In* And Trost 92 -»S Bangkok Bank 212
        104 words
      • 112 11 THE Manila market was lower yesterday as commercial industrial and mining remained down while oils continued an upward trend. Turnover was slightly down to 1.3 million from Thursday's 1.5 million pesos. APR 30 Peios AcoJe Mining 002 oooc AUu Con A AUu Con B 1550 1 B&cuio Oold 0011
        112 words
      • 412 11 PRICES IN Sydney yesterday remained weak throughout, particularly resource issues, with many traders showing caution ahead of any developments in the Falkland Islands dispute, brokers said. The All-Ordinaries lost 3.9 points to 502.2, the resource measure eased 7.5 points to 375.4, the industrial marker rose 0.7 points
        412 words
    • 963 11 Carreat Ex Baaka Date Tatal far Tatal far Paymeat Date Cleat Payakie the year Preriaaa yet J 20% Apr 23 May 5 May 19 20% 20% Alew 2Vi% May 6 May 18 Jun 10 5% 4.8%<a) AakMMto 7Vi%<b) Apr 28 May 5 May 18 7 Vi% Vh% Aprils
      963 words

  • Chief Price Changes
    • 158 12 Rises Indices C Sugar* PMC 1350 358 90 16 Apr 29 Apr 30 Larut Tin 244 14 BT Indicator: *****9 *****3 N B T 220 13 ST Industrials: 760.86 760 92 Shell 426 12 ST Finance: 1761.32 1757.93 M U I 376 12 ST Hotels: 1111.84 1111.96 Sin Lint
      158 words
    • Article, Illustration
      147 12 Rites Indices C Sugars 1380 40 Apr 29 Apr 30 P M Hldg 580 30 T Text 332 22 BT Index: *****3 *****4 PMC 400 18 Industrials: 911.50 914.36 Riverview 346 16 Finance: 1587.28 1579.95 M Text 324 12 Hotels: 609.28 609.15 M U I 410 12 Properties:
      147 words
    • 48 12 FINANCIAL TIMES INDUSTRIALS Thursday 582.0 Wednesday 575.3 Week Ago 569.0 Friday 1323.36 Thursday 1302.09 Week Ago 1235.84 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 844.94 Wednesday 852.64 Week Ago 853.12 Friday 658.2 Thursday 656.8 Week Ago 646.6 ALL ORDINARIES H.K.HANG SENG Thursday 505.7 Week Ago 498.9
      48 words
  • 755 12 n mm*** by HOCK LOCK SIEW INTEREST in the shares of Malayan Credit has been revived lately by talk that the property group, now practically a unit of the See Hoy Chan stable, is likely to make a bonus issue when it announces its financial results for the
    by HOCK LOCK SIEW  -  755 words
  • 278 12 LOSSES Incurred by aa associate company wiped nearly $1 million Off Naayaag Slaag Pan Singapore's group pre-tax profits for the six mouths ended Jan 31, 1162. Interim results released by the newspaper company show that the parent company achieved a 21.8 per cent Increase
    278 words
  • 113 12 THE ehalnnaa st Ameil Electrical MuMm, Tab Eag J—, ku wad to be a sabstoattal shareholder *f the eempaay, bavin* reduced his 1m tercet te i mere S.I per eeat. la a statement to tke Stock Exckaage ef Singapore yesterday, Ameel disclosed that Mr Tu
    113 words
  • 446 12  -  IHISBBI Companies Editor: Mano Sabnani By KOH TSE YING TAN CHONG Motor Holdings Bhd has suffered a steeper-than-expected drop in earnings for the year ended December 1981. The Malaysian-based motor group saw its group pre-tax profit plunging 54 per cent to MJ46.98 million from
    446 words
  • 421 12 THE Malaysian Capital Issues Committee has rejected Associated Plastic Industries' proposal to acquire three property companies via a share swap because there will be no income contribution from the companies in the current year. API is the second listed company to have its proposed
    421 words
  • 301 12 MINORITY shareholders of George Town Dispensary Bhd (GT) will soon be receiving a general offer of M 57.00 cash per GT share following the takeover of the company by New Hibernia Securities Sdn .Bhd (NHS). Yesterday, NHS said it had reached agreement with GT to
    301 words
  • 769 12 LONDON, Fri. Shares eased in nervous conditions as British forces began their air and sea blockade of the Falklands, dealers said. At 3pm, the Financial Tiroes index fell 9.3 points to 572.7, its fall exaggerated in part by some stocks trading ex-divi-dend. North Americans were also lower where
    769 words
  • 54 12 AP NEW YORK, FYi The stock market opened mixed today, following a three-day slide, amid concern over deadlocked budget talks and the impact of record government budget deficits. The Dow Jones average edged up 0 38 points to 845.32 in the first half hour, but declines led advances
    AP  -  54 words
  • 562 12 THE CASH for Fima's Ms6oo million bid for United Plantations announced on Thursday will come from three sources, its managing director Encik Mohamed Ramli bin Kushairi disclosed yesterday. "Most of this will come from bank borrowings but some of the cash
    562 words
  • 476 12 UNITED Plantations Bhd, which is now the target of a MS6OO million bid by Kumpulan Fima, is widening its interests to Australia and the UK through investments in two resource-based companies. The group yesterday said it has undertaken to invest Asl.2 million
    476 words
  • Page 12 Advertisements
    • 100 12 1 HER I WORLD t-J COOKBOOK OF SINGAPORE RECIPES 03 ■&1 W A I is <» The first ever complete Singapore home cooking book consisting of over 470 recipes. All the recipes were tried and tested by Terry Tan over some 25 years. These are typically Asian dishes close to
      100 words
  • Page 12 Miscellaneous
    • 59 12 OUTLOOK for Singapore today: Showers in several areas (morning and late afternoon). Report for 24 hoars prior to 7.31 pm on April 39 at the Airport: Maximum temperature 30.0 Associated humidity 76 Minimum temperature 23.5 Associated humidity 97 Hours of sunshine 3.00 Rainfall in millimetres Trace Total rainfall for the
      59 words