The Business Times, 11 September 1982
1982-09-11
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The Business Times
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Title Section10 1982-09-11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, SEPTEMBER 11,1182 60 CENTS10 words
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317 1982-09-11 1 AFP MALAYSIA needs to give higher priority to ties with Asian and Islamic countries than with its traditional Commonwealth partners, according to its Prime Minister, Dr Mahathir Mohamed. He said the country needed to re-align its foreign policy from time to time inAFP - 317 words
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223 1982-09-11 1 TRADE representatives from the five Asean countries met yesterday for another round of discussions with US representative Michael Smith on matters relating to Gatt. The ministerial meeting of Gatt (General Agreement on Tariffs and Trade) is scheduled for late November. And yesterday's meeting223 words
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532 1982-09-11 1 CHOO AI LENG - By CHOO AI LENG HONG LEONG Finance is proposing to buy five pieces of property in Robinson Road for 127.65 million cash to build its bead office. Yesterday, the group announced its intention to buy three properties located at 132, 134 and 136532 words
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Article, Illustration249 1982-09-11 1 TRAVEL agents and tourist guides have agreed on a new guide fee structure for next year. Under the new structure, guides will be paid different rates for different duties they perform. At present, they are paid by the hour. There is only a slight249 words
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329 1982-09-11 1 SALES of motor vehicles shot up by about 64 per cent in the first eight months this year against the same period last year. Motor Traders Association (MTA) figures show that some 27,000 vehicles were sold from January to August this year.329 words
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BRIEFLY...
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Article69 1982-09-11 1 Reuter THE Ministry of Transport in Japan has approved a request by Singapore Airlines to increase weekly roundtrip flights between Singapore and Los Angeles via Tokyo from the three at present to four in November and five next May. In return, Singapore Airlines has agreed to reduce graduallyReuter - 69 words
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Article56 1982-09-11 1 UPI THE price of gold fell in European markets yesterday. It opened in Zurich at $447, down from $462.50 at Thursday's close, while in London the metal slid to $448.75 from $480. A London dealer said the metal came back heavily in early trading as the dollarUPI - 56 words
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Article54 1982-09-11 1 AP ISRAEL has flatly rejected the peace plan worked out by Arab leaders at their summit in Fez, Morroco, saying it is "useless" and could not be taken seriously. A government statement said Israel "totally rejects" the plan's call for a Palestinian state in the occupied WestAP - 54 words
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Article61 1982-09-11 1 UPI IRAQI forces sunk two Iranian vessels yesterday near the oil fields of Ardashir. No details were given by the Iraqis on the type of the vessels. Gulf sources said the Iraqis are determined to scare away foreign ships from Iranian ports in an attempt to hurtUPI - 61 words
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Article58 1982-09-11 1 AFP INDONESIA has rescheduled its deadline for the automotive industry to reach full manufacturing in 1987, instead 1984 as previously set by the Government. This was disclosed by Minister of Industries Abdul Rauf Suhud when he opened a new plant for the assembly of Mercedes Benz cars nearAFP - 58 words
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Article74 1982-09-11 1 UPI ILLEGAL aliens cost the US Federal Government between US$B billion and $18 billion a year in payments to US workers who are displaced by undocumented immigrants, a population research group has waiped. The Washington-based Environmental Fund reached its conclusions on a computer analysis of extensiveUPI - 74 words
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Article94 1982-09-11 1 AMERICAN entrepreneurs and former NASA rocket experts have fired an experimental rocket through a 10-minute "symbolic" test flight, successfully completing the initial step in their bid to become America's first private company to enter the satellite launching business. The blue and white Conestoga I rocket, trailing orange fire94 words
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Article38 1982-09-11 1 SWITZERLAND has refused an extradition request by Poland's military rulers and said four gunmen will go on trial for seizing the Polish Embassy in Berne and threatening to blow up the building and the hostages.38 words
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Article228 1982-09-11 1 IT WAS "Mil" tram the wart "f" yesterday it the Imil stock market aad caly a tewMnri la tradtag to the tost Ml hear presided s toeak to the railing mve. The fisif In to the mb taUed'a?SJVMMMi was saly reatared three mtoatea Mare the228 words
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444 1982-09-11 1 WONG MAI YUN - By WONG MAI YUN THE fraudulent use of the International Chamber of Commerce's name (Mi promissory notes seems to have caught at least one Malaysian company off-guard. A spokesman of the Paris-based chamber told Business Times yesterday that among the "waves of444 words
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Page 1 Advertisements
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Advertisement249 1982-09-11 1 i* H I PDf:V I'll VIII •Nl I^.l^l I I $}&`+-_==>^$~|:);$$!@~)?!@\,_}| MONEY supply growth of between'zero and 3 per cent "is the proper policy for the Federal Reserve to pursue now", a report by the joint Congressional Economic Subcommittee said Pag® 2 GALARIES Lafayette, which is now scheduled to open249 words
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Advertisement87 1982-09-11 1 yZdlsuutf: Where others are left far behind. Titleist can justly lay claim to be the No 1 golf ball on professional circuits Look at these statistics 1981 NCAA Golf Championship Official Ball Count Titleist (164) Nearest rival (12) 1981 Men's Tour Official Ball Count Titleist *****). Nearest rival (905) AvailatM87 words
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Advertisement41 1982-09-11 1 The Singapore's Straits Business Tirneb World DIRECTO at your of Fingertips Singapore (Buku Merah) V >< -2N Vl r 4 rft br'i friendship CuttySaric ScotdiWhisty Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347,Bukit Timah Road.S'pore 102541 words
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BANKING AND FINANCE
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684 1982-09-11 2 US MONEY supply growth of between zero and 3 per cent "is the proper policy for the Federal Reserve to pursue now", a report by the joint congressional economic subcommittee said. It added a "steady as she goes" policy is the proper one to684 words
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138 1982-09-11 2 Beater PRIVATE baaks in the Ballvtaa capital retained kaslaess aa Tkarsday alter twe days of eleeare, farced whea employees at the eeatral baak weat aa strike, baaking officials said. Private baaks elsaed their dears aa Taeeday whea they raa eat ef caah aad eeald aatBeater - 138 words
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379 1982-09-11 2 Reuter JAPANESE Prime Minister Zenko Suzuki said be will not alter his plan to dispense with deficit-covering bond flotations by fiscal 1964 and reform state finances without resorting to tax increases. Speaking to the private Research Institute of Japan, he said theReuter - 379 words
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227 1982-09-11 2 Reuter JAPANESE small Investors In gold are taking advantage of the price surge to realise profits ami unload long-held hoards. Long queues guarded by police surrounded several gold shops in Tokyo on Thursday, attracted by the price upswing to nearly US$5OO a troy ounce (orReuter - 227 words
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289 1982-09-11 2 Beater THE Bandesbnnk, tws weeks after catting official la teres* rates, has acted te «■are the 12-menth decline la West German Interest rates keeps Us memeatam, money market dealers said. The beak said after Its central eeaaeU meeting la Kiel that ItBeater - 289 words
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823 1982-09-11 2 Reuter VENEZUELA has discussed its debt policy with foreign hanks but there is no res] indication as to when the next refinancing loaa may come, banking sources said. Finance Minister Luis Ugueto met international bankers on Wednesday to outline general borrowing strategy and clarify foreign pressReuter - 823 words
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Article138 1982-09-11 2 ONE of the leading merchant banks in Korea is borrowing US$25 million from the Singapore market. The loan for Korea Kuwait Ranking Corporation is lead managed by KDB International (Singapore), Midland Bank International and Tokyo Finance (Asia). It is divided into a US$lO million term loan with138 words
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201 1982-09-11 2 Reuter THE UK's Export Credits Guarantee Department (ECGD) has more than £1 billkti in exposure to each of five or six countries, department head Kenneth Taylor said. Taylor, in recently published remarks to the House of Commons Committee of Public Accounts made inReuter - 201 words
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181 1982-09-11 2 NYT THE Manhattan District Attorney's Office has subpoenaed the books and records of Drysdale Government Securites Inc and its bankrupt parent, Drysdale Securities Inc, as part of an investigation into possible criminal activity in connection with the collapse of Drysdale Government last May. Jeffrey Hoffman,NYT - 181 words
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Article178 1982-09-11 2 Reuter FRENCH Finance Minister Jacques Delors has said France's Socialist government would not need to devalue the tranc lor the third time since it took power last year. Asked in a television interview on Thursday if he could avoid a new devaluation following strong pressureReuter - 178 words
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MONEY AND EXCHANGES
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Article431 1982-09-11 2 THE US dollar strengthened In late trading on a quiet local foreign exchange market yesterday. Against the local dollar, the US currency opened at 2.1525/40. In the late afternoon, a tight bid for the dollar by commercial banks pushed the rates up to 2.1900/10. At closing time, the431 words
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Article145 1982-09-11 2 THE DOLLAR for overnight delivery in Tokyo yesterday closed firmer at 260.70 yen from the 259.70 opening and Just below the day's high of 260.80 yen in generally quiet trading. This was above the 259.60/90 finish in New York overnight and the 259.60 yen close in Tokyo on Thursday.145 words
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Article22 1982-09-11 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.27 per cent.22 words
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Article171 1982-09-11 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Sep 10: US Mterrtfert) 0ff 9 r Bid 7 dan 1019/*****V10 1 month US/16 113/18 2 months U* 11K 3 months 1115/*****3/16 6 months 131&/16 12 IV16 9 months 131/16 12 13/16 12 months 133/16 131/16 Dm twin. 1171 words
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Article50 1982-09-11 2 RANGE at prices offered court bouws a* Sep lit: Overnight 3V.% Call deposits J l <* Hit'-t B-ytM »< 3-monUi Treasury bills 3 3/16 3 3-month Bank bills 67/16 6 3 months CD 6 5/16 1 6 months CO 6H 1 or .Uix 1/16 IS/16 13/l( m Source: National50 words
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Article49 1982-09-11 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Sep 13 to Sep 17: Offered: 1150.000,000 Applied tar: 5268.400.000. Allotted: $150,000,000. Accepted Mds: $99.21 approximately 34 per cent; higher bids in full. Average rate «I dlseeaat m alletmeat: 3.125 per cent per annum.49 words
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Article299 1982-09-11 2 GOLD futures in Singapore yesterday closed mixed compared with overnight New York levels, after fluctuating marginally throughout the session in light trading, dealers said. Total sales for the day was recorded at 184 lots while kerb volume at 136 lots. Prompt closed little changed at US$44B/452 an ounce compared299 words
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Article34 1982-09-11 2 New York 8. SB 9.35B 9 05S 9.5QS Zurich 9.00B S.70B 9.306 8.85S Singapore rn iwv 8.90B 9«B 9.10S 975S Oostng pric xi in US t. troy oubc Source: Credit Suisse, S'pore34 words
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Article73 1982-09-11 2 THE US dollar in Hongkong yesterday continued firmer against major currencies in fairly quiet, late trading ahead of the weekend. The Hongkong dollar edged up to 6.0970/1000 to its US counterpart after fulling earlier to 6.0990/1090. Banknote rates yesterday US 6.08 6.10 UK 10.45/10.55 Brunei 2.78/1® W Germany 2.425/2.44573 words
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Article77 1982-09-11 2 THE DOLLAR yesterday opened steady on its higher Far Eastern levels, aided by revised expectations about US monetary growth and signs of increasing turbulence in the EMS. us *****59 CuCrom -LH64/3T DMk 4.7775 825 DF1- 4 MB0 7000 S Pr 3 CZ 75 B FY coa tt.12/27 FFr 12.110077 words
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Page 2 Advertisements
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Advertisement145 1982-09-11 2 J S.- -t® AN-32 CARGO PLANE THE BEST FOR OPERATION IN HOT CLIMATES AND PROM HIGH-MOUNTAIN AIRFIELDS THE PROFITABLE CARRIER OF VP TO 6700 kg OF CARGO OVER DISTANCES TO 2500 km. This modified version of AN-26 Cargo Plane of exceptional reliability and economy proved by years of service in145 words
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Advertisement270 1982-09-11 2 A Mwty being formed, dynamic port and freight oriented company to be b**JL* ii >i .1 .ii CHARTERING MANAGERS PORT OPERATION MANAGERS TIMECHARTER COST AND OPERATION MANAGERS fanglilaiai should ba citizen* of an Aseen country, pteferebly ha reeidonce permit eiready. etthougft this la not a pra roguieito. The fobe wm270 words
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TRADE AND INDUSTRY
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384 1982-09-11 3 ANGELINE TAN - By ANGELINE TAN GALARIES Lafayette, which is scheduled to open in early December at Goldt hill Square, expects sales of 130 million in its first year of operations. The French fashion store is aiming for the market segment currently dominat- ed by384 words
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Article273 1982-09-11 3 THE REAL Estate Developers' Association of Singapore has appointed its first executive director to head its secretariat. He is Mr Chia Boon Pin, 34, who was the head of planning at the Department of Trade's domestic trade section. Before that, he was the secretary of the273 words
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Article542 1982-09-11 3 SEMINARS AND COURSES Sep 11-Nov 13 (Saturdays): Publication Design, Bukit Timah Centre, Department of Extramural Studies, NUS Sep 13-16: ILO Asian Regional Workshop on the Role and Potential of Ergonomics for Improvement of Workshop Conditions and Environment, RELC, ILO Regional Office for Asia and the Pacific, Bangkok Sep542 words
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294 1982-09-11 3 POLICE have seized more than 20 alleged fake guarantee card booklets for Seiko watches from an authorised dealer off Orchard Road. This was disclosed yesterday by Mr Chia Hoy, managing director of Thong Sia Company (S) Pte Ltd, sole agent for Seiko watches in294 words
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393 1982-09-11 3 DR LEE Kum Tatt, chairman of the Singapore Institute of Standards and Industrial Research, yesterday pointed out some misleading concepts which are common in the area of research. He said Singapore's needs are in applied research which yields immediate benefits to the industrial,393 words
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192 1982-09-11 3 THE Public Utilities Board will increase its licensing fees and charges for the connection of electricity supply next month. Fees for the various categories of licences and certificates issued to electrical workers, contractors and installations ranging from $10 to 1100 will be192 words
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441 1982-09-11 3 SELF-regulation by management and workers rather than legislation should be the chief means of safety control in the factory. In times of rapid technological advancement when new equipment, processes and materials are introduced daily, it is nearly impossible for the law441 words
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190 1982-09-11 3 CHINESE-speaking businessmen will have the opportunity to learn more about computer systems at a seminar to be organised by the National Productivity Board and Sin Chew Jit Poh next month. The two-day seminar, beginning October 1, is intended to help these businessmen understand the190 words
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Article330 1982-09-11 3 COLD Storage Trading Pte Ltd, a wholly owned subsidiary of the Cold Storage group, has opened "Handifix". a new retail shop at the Jelita Complex. As the name implies, Handifix caters to the needs of customers who are keen on experimenting and fixing things in the house themselves.330 words
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415 1982-09-11 3 LEE HAN SHIH - By LEE HAN SHIH THE Urban Redevelopment Authority has started work on its 17-storey complex at Rochor Road. This will eventually house most of the commercial enterprises in that area affected by urban redevelopment. Rochor Road Centre, to be built on a415 words
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317 1982-09-11 3 TANDON (S) Pie Ltd, which began production here in March, has exceeded its target of turning out $35 million worth of floppy disc drives by the end of the year. Total production for the year is now expected to reach $60 million. Tandon is317 words
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Page 3 Advertisements
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Advertisement144 1982-09-11 3 FOR SALE MARINE EQUIPMENT BARGE 265, Work or Accommodation, Size 250 X 75 X 15.4 feet, built 1966 extensively modified 1973, Classified ABS Al, Air Conditioned Quarters for 94 men, Helideck landing pad. Drydocked February 1981, Cranage can be supplied if required. BARGE 334, Work or Accommodation, Size 180 X144 words
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Advertisement148 1982-09-11 3 r Located outside CBD Parking for 700 cars Easily accessible location K -«vt iIIKPI u:&- < :-s m S m if? V..0 V 1 <> 1 Pleasant working environment Free vertical louvred blinds Free woollen carpeting What more reasons do you need to decide on the mow soon? You must148 words
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International Monetary Fund meeting Toronto
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549 1982-09-11 4 AP Reuter WORLD Bank president AW Clausen has suggested that it may begin charging interest on new loans to poor countries loans that have always been interest-free. Over more than 20 years, the bank has committed nearly US$27 billion to 78 countriesAP; Reuter - 549 words
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Article525 1982-09-11 4 Reuter AS THIS year's International Monetary Fund/World Bank conference winds down, bankers can travel home with cautious optimism that the recent fall in world interest rates will continue. Finance ministers from the industrialised world believe that there is no question of letting upReuter - 525 words
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209 1982-09-11 4 UPI WORLD Bank President Clausen said Lebanon has asked the bank to assess reconstruction needs in that war-torn country and to form a group of donors which might give such aid. "We have already held discussions with representatives of the governments," Clausen said onUPI - 209 words
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513 1982-09-11 4 UPI Reuter ARGENTINA, faced with heavy debts, has asked the International Monetary Fund for financial aid. IMF managing director Jacques de Larosiere said Argentine delegates met him during the annual meeting of the World Bank and IMF, which ended on Thursday. The Argentines,UPI; Reuter - 513 words
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495 1982-09-11 4 Reuter TERMS on an IMF loan to Mexico may not be finally agreed upon before November or December. After lengthy discussions this week, it is believed there is still no accord between the IMF and Mexico on the conditions for a requestedReuter - 495 words
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226 1982-09-11 4 Reuter DELEGATES from the world's poorest countries left a glittering meeting of the International Monetary Fund and the World Bank in Toronto to go home to the harsh reality of their tottering economies. After eight days of speeches, meetings, cocktail parties and dinners,Reuter - 226 words
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124 1982-09-11 4 Reuter INTERNATIONAL Monetary Fund managing director Jacques De La rosier? thinks the information that major central banks collect on debt to the Western nations needs to be improved. Central banks do a good job of monitoring their domestic debt situations, and there is noReuter - 124 words
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Article772 1982-09-11 4 ARRIVALS Service Local Operator Number Tine From PAA PA006 0025 JFK SFO HKG FT FT71 0040 JFK ORD ANC/ NRT TPE/KUL CAL CI331 0060 TPE SLA SQ10I 0605 KUL MAS MH601 0920 KUL MAS MH682 0945 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL SIA SQ201772 words
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Page 4 Advertisements
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Advertisement246 1982-09-11 4 The Exciting World of Books Magazines Once again Times have made available an exciting and vast array of quality books and magazines for you and your family. Come and browse away to your hearts content. Lots of surprises in store for lucky purchasers. Come see us at booths Nos. 111246 words
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OVERSEAS
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Article607 1982-09-11 5 NYT UPI AMERICAN businesses, faced with a sluggish economy and high interest rates, have continued to cut their plans for expansion and modernisation, the US Commerce Department said on Thursday. The continued reduction in planned business investment, which is crucial to hopes for a long-termNYT; UPI - 607 words
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Article287 1982-09-11 5 Reuter THE crisis in Chancellor Helmut Schmidt's left-liberal coalition government has deepened with an unprecedented parliamentary row between the two ruling parties. Mr Schmidt said West Germans were fed up with daily rumours about the survival of the coalition and defied Foreign Minister Hans-Dietrich Genscher's FreeReuter - 287 words
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Article353 1982-09-11 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Anchan 33/4 Leo alongside 11.9.82/2300 Croton 35/6 Borneo alongside 11.9.82/1800 Eouator III 22 Thong Soon alongside 11.9.82/0700 No 9 Mano 23/4 Napl alongside 11.9.82/1100 Sea Carrier 5 Sin Chiao alongside 11.9.82/1500 Aki Maru 5 Sunshlp 11.9.82/2100 13.9.82/0700353 words
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326 1982-09-11 5 Reuter THE US House of Representatives, in a defeat for President Reagan in spite of last-minute telephone calls for support, voted to override his veto of a US$l4.l billion appropriations bill. The vote in the Democratcontrolled House was 301 to 117, 22 more thanReuter - 326 words
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625 1982-09-11 5 Reuter OPEC countries, helped by a strong dollar and slower import growth, are likely to end the year roughly in balance in their dealings with the rest of the world in despite of a recession-led plunge in demand for oil. Officials ofReuter - 625 words
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570 1982-09-11 5 AP JAPAN'S leather industry is pampered by high tariffs, low quotas and other trade barriers. US officials cite this as one of the most blatant examples of Japan's unwillingness to open markets to foreign goods and their patience appears to be running low.AP - 570 words
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WORLD IN BRIEF
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Article524 1982-09-11 5 Agencies MALAYSIA and Indonesia are investigating ways to expand trade between them. Malaysian Trade and Industry Minister Tengku Ahmad Rithaudeen said on Thursday, after meeting the Indonesian Trade Minister Dr Radius Prawiro, that total trade between Malaysia and Indonesia dropped last year to MSI96 million from $252 millionAgencies - 524 words
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172 1982-09-11 5 Reuter CHEAP imitation Apple home computers being sold abroad are subject to seizure if brought back to the US, the US Customs Service warned on Thursday. Some erf the counterfeit computers and related software have been confiscated on the US West Coast and inReuter - 172 words
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305 1982-09-11 5 AP BRJTISH Prime Minister Margaret Thatcher was reported to be angry over a US government ban on American exports of oil and gas equipment to the British company John Brown Engineering Ltd for defying President Reagan's embargo on supplies for theAP - 305 words
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295 1982-09-11 5 Reuter KEY British industries face disruption on Sep 22 after union leaders pledged support for health workers staging a one-day strike in their pay dispute with the government. In an emotional debate at the annual Trades Union Congress (TUC) in Brighton, miners'Reuter - 295 words
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179 1982-09-11 5 Reuter THREE medical researchers in America say the obsession of many people for the video, game, space invaders, was both caused and cured by marriage. The researchers from Duke University reported in this week's Journal of the American Medical Association that they knew threeReuter - 179 words
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Page 5 Advertisements
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Advertisement60 1982-09-11 5 NOTICE OF REMOVAL European Asian Bank SINGAPORE BRANCH Please note that with effect from September 27, 1982, our office will be located at:50 RAFFLES PLACE SINGAPORE 0104 Our telephone and telex numbers remain unchanged. We will be closed on Saturday, September 25, 1982 to effect our removal, and will be60 words
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Article489 1982-09-11 6 RUMOURS that a Business Times subsidiary called Rent-a-Queue Pte Ltd is about to seek a listing were denied last night, but as this newspaper maintains an editorial policy which is uninfluenced by its owners, it is only fair to point out that there is489 words
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Article, Illustration1177 1982-09-11 6 LAN MARKHAM-SMITH - US$7OO million being spent improving international airport By LAN MARKHAM-SMITH A US$7OO MILLION expansion programme to improve facilities at Los Angeles International Airport has just two years to be completed to enable the airport to cope with the massive increase in passenger traffic1,177 words
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Page 6 Advertisements
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Advertisement159 1982-09-11 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space tor you You'll be reaching a very select group of159 words
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Page 6 Miscellaneous
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Miscellaneous836 1982-09-11 6 BWHWRWDnnO Dunkirk evacuation THIS litem Satarday Matiaee Is eatttted Dmaktrk (Ch 5, 1JO). Set la 1»M, the dim (ettuM Ike itory of the DUrfTC evieuttM d MOM —Mien fr«m Daakirk, aader Germaa bemblag aad gartlre, as itea tram the paaeramle aew»SINGAPORE 5 It la directed by Leslie Nermaa aad stars836 words
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Article, Illustration1128 1982-09-11 7 Zhou Mei - Pig farms are evocative of varied feelings. For many small farmers in Singapore their farms present, not Herculean tasks perhaps, but certainly difficult questions of technology and management. Zhou Mei reports. Zhou Mei IRMA'S history dates back to 1895 when it started as a basement shop. Today,1,128 words
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Tale of two styles
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Article, Illustration378 1982-09-11 7 AT THE etnm of Track It •ai Punggol Bm4, neat raws tf timber structures have rises among the wild vegetation. The office buUding haa yet to take shape. The pigs are already as the sew 4. (-hectare farm, belonging to DaUaa. At present, they samber 3,M1. The target pspalattos378 words
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Article, Illustration407 1982-09-11 7 HE HAS the smallest commercial pig farm in Singapore, says Mr Ng Choon Hong of his 1.2-hectare farm. However, this distinction he will lose if his application for lease of the land around his Punggol farm is approved. That would increase his acreage by three to four times.407 words
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Page 7 Advertisements
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Advertisement581 1982-09-11 7 H \IKM \N 2 U Z K X a a Z o u J < z < z X w H z z < cc H O Z J J ffi u Q Z, < VI Z O H H On Q H fc Z "«J sa H u> H581 words
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Page 7 Miscellaneous
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Miscellaneous686 1982-09-11 7 -IR-OME CBOSSVOBD CRYPTIC PUZZLE ACROSB 4 Mess about, putting letters In a file (6) 7 He alters the price for Val (8) 8 The water canoes need (6) 10 They're lucky in a fairish degree (5) 13 Purchases by us. possibly (4) 14 Moderate article in various ways (4) 15686 words
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Page 8 Advertisements
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Advertisement322 1982-09-11 8 Where to wine, dine and entertain J "Vjwiuwra AM, a*w ESS 3 ESSE K with the American Express* Card "if you donl already have the Card, call *****33 tor an application form" The trve Suqgapoteflavour \n' I m •V A tOL Our popular Nonya Buffet Luncheon at a special price.322 words
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Advertisement138 1982-09-11 8 fi* JAPANESE RESTAURANT For sushi. For teppcinvciki. For other authentically Japanese delights. I »r s /V\ ~:rcrr J (<'iii i i'N I irk M *I*J Hi »i i i i| »<»i*« i* NUTMEGS offers A JAZZ BRUNCH on Sundays 10.30 a.m. 3 p.m. $21 per person Please coll *****88 ext138 words
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Advertisement253 1982-09-11 8 I he perfect end to a romantic Jri\ e. I l\ I 'O\ti\l \i;S K t N i i w I hi' mm iirtitk I.ipv tlu- p:ilm trnisji J -h< Ti'. I* uirtMim ill.ic.i v .iv v .iJi-v iinijvr not of unxruT".. 'Flu- ,nr > Ik-.iw uitli t!ii' m i'iir253 words
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Advertisement183 1982-09-11 8 Jazz up your favourite drink with the Louis Tan Three-Q w V* V i Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night.* It's the nicest way to jazz up your favourite drink. m A great place to be. Dine in the grand183 words
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Advertisement145 1982-09-11 8 •J [I tA f This it Thai Seafood at ita authentic best So ftMh, it could have been alive 15 minutes before coming to your table. It was An enormous variety of succulent seafoods expertly prepared by Thii chefs in our kitchen Siamese Seafood Restaurant Penlang Road. Singapore 0923 Tel145 words
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RAW MATERIALS
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Article195 1982-09-11 9 SOYBEAN futures in Chica£jo on Thursday closed nar- rowly mixed, up one cent a bushel in nearbys to off IVi Z US-cents in deferreds. Traders cited reluctance *1 jo establish new positions ahead of Friday's USDA US crop report as the dominant -2 market factor. Trade belief that much195 words
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Article182 1982-09-11 9 -WHEAT futures held gains £late on scattered wire house and commercial demand, to •settle up one to 2Vj cents a .•bushel. '7* Technically oriented called Thursday's price performance construc- tive, since values again held above the December based $3.50 support level. Carryover local buy 1-wheat/sell corn spreading •"aided Thursday's182 words
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Article135 1982-09-11 9 t. THE Malaysian crude palm oil market yesterday T closed higher on covering support in quiet trad- ing. September saw south adding Ms 7 to M 5737 1 per tonne while in October south and north rose M 512.50 and MJIO respectively to M 5745 and t central135 words
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Article176 1982-09-11 9 CHINESE Pr*#M* Exchange, Siagapare, mm cteaiag price» per IN kg yestenlay. CtcMit all: Bulk fob $83 00 sellers, old drum (in second hand drum) fob $95.00 sellers, new drum fob $99.00 sellers. Opr»: Mixed (loose) $43.00 buyers. Pepper: Muntok white pepper fob Asta NLW $307.50 seUers, Sarawak white176 words
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Article142 1982-09-11 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CsMm yara: China Blue Phoenix 20b 2,380 32s 3,060, 40s 3,170 (per bale of 400 lbs). PaUstaa raw emttm: LSS 6.02, 4F 6.00; 289F 6.10; NT roller ginned 6.03 (per lb). CLOTH in142 words
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Article312 1982-09-11 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.78, 100 per cent third class 0.73, 25 per cent new crop no stock, B-10 per cent 0.72. THAI BROKEN: A-super 0.58, Special 0.55.312 words
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Article66 1982-09-11 9 THE STRAITS TIN price in Penang yesterday me a further St cents to M 531.21 a Idle, 85 cents sway (ran the ITA middle sector of M$32.M and M$34JB. Turnover rose to <• tonnes from 42 on Thursday but was much lower than the daily average turnover of66 words
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Article34 1982-09-11 9 Rubber: Sept 10 Singapore: Oct: 186.00 cents (down 1.25 cents) Malaysia: Oct: 204.50 cents (down 1.75 cents) Tin: M 531.21 per kilo (up 30 cents) Official offering: 60 tonnes (up 18 tonne)34 words
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Article115 1982-09-11 9 JAPAN'S Imports of farm products, particularly grains, from the United States have declined in value recently. A government survey showed on Thursday that imports in the first half (January to June) of this year totalled US$B,BOO million, down 9.8 per cent from the same period in115 words
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Article222 1982-09-11 9 RUBBER PRICES in Singapore yesterday closed slightly lower with October One RSS buyers quoted at 186.00 cents per kilo, down 1.25 cents from Thursday's close, dealers said. Morning prices were marked down slaightly on easier London advices and lower bullion prices and hovered around the 186.00 cent mark for222 words
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Article351 1982-09-11 9 RAS prices tn cent* per kilo yesterday Noon (per Wlo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 184 50 185.50N Int 1 R.S.S October 1K.50 186.00 Int. 1 R.S.S November 187.25 187.75 Int 2 R.S.S 174.50 176.S0N UK/Coat 173.50 175.50N Int. 3 R.S.S. 170-50 171.50N UK/Coat 1®.50 170.50N351 words
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Article125 1982-09-11 9 NOON SSI and SMR pnca» rmLtrimy RA8 SSR20 SSR50 (1 loo palix (l-too pallai Octot (Carraal B«yar» l( ***** D 168 00 Mr 1 Mtk) lallar* 182 SON 180 00N Nonabtr (Forward Mtk) Bayara Sallara ***** 183 JON 159 00 I81.00N M HUH Octal Mr No»a«l ►ar125 words
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Article524 1982-09-11 9 AP UPI TALKS TO set export quotas for the 1982-83 coffee crop year on Thursday were pointing to a total world export quota of between 53.6 million and 55.6 million bags. This compares with a total of 56 million bags set in the 1981-82 cropAP; UPI - 524 words
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Article316 1982-09-11 9 DURING the earlier part of the week, the rubber markets experienced one of their better performances, with values gaining some 6 cents per kilo in active trading conditions, Hal May, Caller, Bath aai Campaay said in its review for the week ended Sep 10. The upswing was316 words
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Article1022 1982-09-11 9 COFFEE: Robusta futures in London yesterday ended the morning £19 to £8 a tonne above Thursday night's close on a turnover of 1,322 lots, including 138 crossed and 13 options. The market is gathering strength mainly on fears that one million more export quota bags are likely to1,022 words
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INTERNATIONAL STOCKS
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Article198 1982-09-11 9 MPT 00 CORBEILLE Alr-Umildc 400 4 BSNHtnll duwdi is K >4 CST (Thomsondfv ill -I CM Frmncaiw daa Patrolea 108-00 +0.0 Credit Foncler Dt rr&ncc yn -1 Hmchetu rllhnlrtet «V >10 lUChlDM Bull *.75 0J Mieheiin (B)... a Omnium TU 5 •Peufeot IX -Phlllpa (St Oem Bait) 75. Prtntempe198 words
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Article69 1982-09-11 9 8KPT OB Ur* ***** El r 1 ■r 1 ;ujprt. lOTCft Itftlccmcntl Ord Mil M 2368 ***** m ***** lUlpi Lapcttt OnJ Mediobanca M llano An Ord ***** -300 ***** -30 Moodadorl Ptlv Montedison 3740 unch 109 +0.T5 Olivetti Ord 2330 -JO Pirelli And C 3450 -SO Pirelli Spa69 words
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Article90 1982-09-11 9 MPT 00 m FORWARD MARKET •.ACM 908 -10 ArtMd AJtur 11(0 440 uneli unch Brucao 062 -4 Bru-Lamb rtirwf 1390 -32 M 133 unch D* Baen 353 unch SIM 1910 >40 Bactrotwl 4675 >35 Ob-Inno-Bm 3B75 -30 On not -IS 3r Bru Lamb 1300 +00 -ft 35 1 -1490 words
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Article179 1982-09-11 9 SEPT 08 1* IBM WtM •u ■> 96 00 4.1 Ak«o AIOV Amfu MJO roo woo 0l4 -01 0.7 Amrobnk 5ST! WD 11J0 -0J unch Bolt MJO -01 -0J +u -01 ♦CI Btab tn oo 41 JO Burtet Caland J0J0 *IJ0 Cal* (MIMIJ Dmtor ***** MOO U6J0 +1 -1179 words
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Article85 1982-09-11 9 SEPT 00 1 Dm Aeg-Telcfunken BASF B«yer a# 90 108 40 10U0 -Oil 0J BMW Commentmnk Contl Oummi Daimler-Bern 192-50 ***** 4740 MO 00 -1* 04 14 DefuaM Dnnac Diutactx Bank Dreadner Bank OHH 130-00 MOJO ***** 1T5J» ♦a -14 -u .24 1000 unch MJO 1.1 Horten KaraUdt KHD85 words
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Article182 1982-09-11 9 SEPT 08 Francs Action* Snlmi fllinuli Br. i ST •I -10 AillWIt— Rm. Brown Bonn Br Clba Oelfj Br. Cite OelCT P C CUA Oaln R«f Cradlt Br Credit Sulaae Rag Baktrowatt Br. Oaorft nacbn Br OkXxu Pe IS ♦7 BO 1300 10M -10 -t unch unch unch -It182 words
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Article277 1982-09-11 9 SEPT 0# Rand INDUSTRIALS A Alpha 41$ unch Abercom 2566 A* And CI 730 •6 Amaprop A MIC 310 BIS -16 unch Barlows a» unch CO Smith I960 CNA Cum* Finance 330 -10 De Beer* lnd Edcon ■dears PadVoik aoooB 436 s Puglt 366 4-6 Oratemn 360 25 Hive277 words
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Article865 1982-09-11 9 NEW YORK STOCK PRICES in New York on Thursday closed mixed as blue chip issues, apparently victims of profit-taking, turned in a much weaker performance than the rest of the market. The Dow Jones industrial average was slightly higher in morning trading but lost ground in the865 words
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Article185 1982-09-11 9 SEPT OB CI AbtUbt 1»* Mean a Alfoma M* Bank Mont BH Bank Norm Scotia M Bell Tel BP Can Ltd Ml* Braacan 15* H Camp Red Ukt Can Imp Bk 1 a* Canoaf Canine OKeefe COMM Lk n Cn BUirt CI A Z 17* Comlnco «>» <* Cone185 words
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Page 9 Advertisements
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Advertisement49 1982-09-11 9 APOLLO Theatre Restaurant Nite Club TEL: *****66 pro' ling disco*** yQjH m ncTsandsoogs disco da 12 j iYDOP*Wf gproano" J most p c i -22 S* Sep 12 itw it: fffl h <r>i %x \a\*eW IC 1 oeel Noodle S ty\e) $5/ (jV\am PACE/ AH/2153 Havetock Road/Outrann Roaa Singaporeo3»649 words
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2312 1982-09-11 10 BID and offer prices officially listed and business in and reported to the Stork 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 (2.508) (3)2,312 words
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Article183 1982-09-11 10 meiwum RlBUff tar am IS) 1 IS) The CmuiiMiLt 2« LB Aug Sep The Saving* Fund LB 1-54 Diamond S pore Prof Fund LSI LST S'pore Fd (US) OJt 057 S pore Sac Fund in i |J5sd SI LM LB S pore Invest Fund IB 1.00 MtM (ft183 words
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Article2900 1982-09-11 10 Gi^a Gr's Net 1982 Last Div D1t Yld P/E Vol Day High Low Company Sale or- CVr COOO) High LOW SECTION ONE INDUSTRIAL ft COMMERCIAL 350 247 Ac ma 250 -5 21.7 0.8 8.6 243 14 252 248 Alcorn 115 17 03 33 963 233 132 Allied2,900 words
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Article1670 1982-09-11 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. MDUmiALS AIM (LUB) (T) I.IS (T) LIS (1) LIT (9) 1.1» AMD1,670 words
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Article42 1982-09-11 10 AM ALGAM ATEDPrepertles ui MHiin BM: EGM to be held on Sep 13 at 10 am at Bilek Menteri, 1st Floor, new block. Hotel Jaya Purl, Jalan Barat, Petallng Jaya. AJ1NOMOTO (M) Bhd: EOGM to be held on Sep 16.42 words
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760 1982-09-11 10 BEAKS made their first aarteai raU ea the Btappare stack market yesterday staee Aag It whea the rally kegaa. Hk aell eat weald have keea wane If aat fer the kreakdewa ef tradlag at SJ7 pm 4 ae te a faalt la the exchaage'a760 words
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Article602 1982-09-11 10 SHARE prices on the Kuala Lumpur stock market again (ell on a broad (root yesterday. Total turnover was slightly reduced. Prices opened below overnight levels but improved slightly towards tea-break. Thereafter, the downtrend resumed for most of the session until a late surge of interest took shares602 words
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COMPANY NEWS
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764 1982-09-11 11 CHRIS LIM - Market Talk... By CHRIS LIM STOCKBROKERS A 1 faPMC if ic Securities has recommended buying of flelsagsr FWfin shares at current prices because the shares are now "grossly undervalued". The broking firm has valued Selprop's total property assets "conservatively" at M 5961.45 million and "realistically"764 words
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Article273 1982-09-11 11 BISCUIT amaataetarer, Kheag Gaaa Hahttags (M) Mi has repartod a U.Z per peat drap la pre til praflt la Mil.TO mlMea far the rtx maaths Is Jane M I*2. Earllsr this year, It tan farmed the Kaala Lam par Stack Bxehaage that It expects la malntala273 words
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1327 1982-09-11 11 CHAN THAM SENG - By CHAN THAM SENG THE Perak-based Mah family, which is making a bid for the remaining 49 per cent stake in South Malaysia Industries Bhd (SMI), has plans to transform the parochial, lowprofiled company into a national company of its dream. In a1,327 words
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356 1982-09-11 11 PARAMOUNT Corporation Bhd has recorded a sharp 87 per cent rise in group pre-tax profit to M 36.24 million for the first six months to June 30,1982. Group turnover was up a lower 16 per cent to 17.82 million. After a tax charge of 45.4356 words
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Article139 1982-09-11 11 RIVERVIEW Rubber Estates Bhd has reported a profit of M 57.66 million from the sale of its investment in United Plantations Bhd. Earlier this year, Kumpulan Flma made a cash offer for United Plantations shares at Ms 6 each. At the close of its offer in139 words
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Article701 1982-09-11 11 carnal Ex Baaba Date Tatal tar TataJ far 5F" 1 Date Clate Payable (be year Prevtaaa; A bttrfriM Sep 17 Sep 30 Oct 12 10% 22% Aliw 2H%I Sep a Oct 2 Oct 15 2*% 3.7%<a) Ala HUp 6%<b) Sep 10 Sep 17 Sep 27 M 3%(a) Apatla701 words
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In Hongkong...
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112 1982-09-11 11 a Hong- Kong investment company, said it will pay up to US$lO million to acquire a small but unnamed New York city bank. It declined to elaborate on the takeover but said the deal is expected to be completed by the end of the year. Cheerful112 words
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Article117 1982-09-11 11 has reported net after- tax profits of HKJ56.9 million ($9.9 million adjusted) for the six months ended June 30 after making a notional transfer of $24.8 million to development fund. Earnings per share amounted to 53 cents compared with an adjusted nine cents previously. Turnover117 words
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ASIAN STOCKS
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Article364 1982-09-11 11 SOFTNESS in the morning session on the lower gold price and a fall on Wall Stfeet was reversed by news that Cooper Basin gas producers had been awarded a price increase, brokers said. Cooper Basin stocks to rise included Santos up 50 cents to A 55.60, CSR up 16364 words
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Article279 1982-09-11 11 HONGKONG THE Hongkong stock market yesterday closed near the day's low after opening lower in line with Wall Street's overnight close, with trading subdued ahead of the weekend, brokers said. Prices fell initially on moderate institutional profit-taking. Leaders were generally under pressure with Cheung Kong losing 30279 words
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Article458 1982-09-11 11 SHARE PRICES in Tokyo yesterday, following the trend of blue chips, ruled easier in thin trading, with a waiting sentiment dominating after the overnight downturn on Wall Street and the yen's weaker trend against the dollar, dealers said. The market average shed 18.98 to end at458 words
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Article133 1982-09-11 11 SHARE prices in Bangkok yesterday again firmed across the board with bank and cement issues leading the trend. The Book Club index rose 2.71 to 119.50 with over 2.2 million shares changing hands in active trading. SEPT 10 Bahtl AAkh&m Th.1 Arntbajpa In*. And Trust IS Bangkok Bank TK133 words
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Article144 1982-09-11 11 THE Manila stock market yesterday closed mixed on a turnover of 1.3 million pesos, down from 4.3 million on Thursday. The commercials and industrials index was up 0.2 at 89.38, but the mining index was down 27.05 at 1,094.90 and that for oils down 0.053 at 2.172. SXPT1« Pmoa144 words
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Page 11 Advertisements
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Advertisement110 1982-09-11 11 KECK SENG (MALAYSIA) BERHAD (INCORPORATED M MALAYSIA) NOTICE TO SHAREHOLDERS The directors of the company are pleased to announce the unaudited results of the operations of the company and of the group for the first half year ending 30th June 1982 as follows:WHCtbm UTYKreOQ The Board Of Directors is pleased110 words
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Chief Price Chances
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Article144 1982-09-11 12 Indices MmlMMr D Kmaat TrMtan I'M 570 360 6 5 4 BT Indicator: Sep 9 *****1 Sep 10 *****4 B Seabawamf 300 2 ST Industrials: 652.31 638.81 Stk Maia I»d 334 2 2 ST Finance: 1569 46 1550.92 Jacks 1st 204 ST Hotels: 1011.45 1000.12 Falls ST Properties: 565.63144 words
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Article, Illustration172 1982-09-11 12 THE SINGAPORE stock market yesterday had its Ant eerreettoa since the rally begna ea Aig 18. All stocks traded, with the exeeptiea ti eight, The Straits Times ladastrial Index pluged 12J paints to daee at (39.81, while the ttwatmrm limes Indicator sf the day's II mast active eeanters172 words
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Article50 1982-09-11 12 FINANCIAL TIMES INDUSTRIALS Thursday 880-3 Wednesday 587.8 Week Ago 582.0 Friday 1080.58 Thursday 1106.44 Week Ago 1078.26 AUSTRALIAN INDUSTRIALS Friday 817-2 Thursday 818.0 Week Ago 81X4 DOW JONES AVERAGE INDUSTRIALS Thursday 91Z53 Wednesday 915.78 Week Ago 909.10 HJLHANG SENG ALL ORDINARIE8 Friday—. <«-5 Thursday 480.6 Week Ago— 478J50 words
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Article732 1982-09-11 12 STOCK prices dropped sharply yesterday though aelllng pressure was light, dealers said. At 3pm, the Financial Times index was off 14.3 points at 576.2. Gold shares fluctuated with the bullion price to end slightly easier on the day. A pessimistic statement from Thorn at its annual meeting and732 words
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Article107 1982-09-11 12 AP THE NEW YORK stock market headed lower yesterday morning, continuing the retreat that began at the start of the week. The Dow Jones average of 30 industrials dropped 6.26 points to 906.27 in the first hour. Losers held a S-to-3 lead over gainers among New YorkAP - 107 words
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Article304 1982-09-11 12 LOW COMMODITY prices aggravated by rising costs have depressed the interim earnings of Kulim (Malaysia) Bhd. For the six months ended June 30, pfe-tax profit fell by 16 per cent to M 53.51 million. After a reduced tax charge of 18.5 per cent (21.6 per cent304 words
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Article46 1982-09-11 12 GOLD COIN LM IMm raaartei pin pre tit pnflt «I M.lf ($l.l mIIIIm pmMf) mi tuam•TtuiJi (sin-i nil* Hn) t«r the six ■■fti emit* jut I». IMS. The iwipwy It paytsg m latertm ihrlieai I per ent |NH. ItbiikiMh ■■—eei ft mm hr llw Wmm46 words
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506 1982-09-11 12 MANO SABNANI - (■BIB Companies Editor: Mano Sabnani By MANO SABNANI SHAREHOLDERS of the cash-laden Straits Trading group should brace themselves for lower earnings again in the current financial year. But, as in the last two years, the final results will be laced with hefty extraordinary506 words
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363 1982-09-11 12 CHAN OI CHEE - By CHAN OI CHEE INCHCAPE Bhd has taken a step further to carve for itself a bigger niche in the lucrative computer services market. Through its 50 per cent owned associate, Dyatron Pte Ltd, the group has acquired the sole distributorship for Cado computer363 words
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Article137 1982-09-11 12 ROTHMAN8 st Pall Mall (M) BM, in a reply to KLSE queries, said its proposed ooe-for-five bonus issue of will capitalise MJ11.475 million from its general reserves. The company's profitability for the year ending June 30,1983, will be maintained. A new dividend policy has yet to be formulated.137 words
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Page 12 Advertisements
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Advertisement440 1982-09-11 12 THIS EARTH OF MANKIND Pramoedya Ananta Toer In his own country, Indonesia, it has been decreed this book should not be read. Yet, like its author, Pramoedya Ananta Toer, who has been imprisoned by both colonial and independent governments, This Earth of Mankind reaches beyond contemporary politics to touch more440 words
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Page 12 Miscellaneous
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Miscellaneous53 1982-09-11 12 OUTLOOK tor today: Fair and hazy. Report for 24 hnn prior to 1M pm m Sep II at the airport: Maximum temperature 30.8 Associated humidity 73 Minimum temperature 25.8 Associated humidity 90 Hours of sunshine 3.85 Rainfall in millimetres Nil Total rainfall for the month 39.6 Total rainy days for53 words
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