The Business Times, 18 December 1982

Microfilm: NL13680
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, DECEMBER 18,11» 60 CENTS
    10 words
  • Article
    Change in Morgan Guaranty Pacific's management
    420 1  -  ■y SOH TIANG KENG TOP-LEVEL management changes have taken place in Morgan Guaranty Pacific (MGP), an American merchant bank in Singapore. Mr Oliver Parr, a British banker, has taken over as chief executive from Mr Didier Cheripitel, a Frenchmen, who has been re-assigned to
    420 words
  • Article
    ICS shares make strong debut
    160 1 INSURANCE Corporation of Singapore made a strong debut on the stock market yesterday amidst generally easier trading. The counter opened at $3.10, against its offer price of $2.15. It was chased to a high of $3.50 before easing to close at $336, a $1.21 premium
    160 words
  • Article
    MRT attracts more Japanese companies
    455 1  -  By WANG LOOK KEAH THREE large Japanese construction companies have set up offices here in the last two months in the hope of getting a slice of the $5 billion Mass Rapid Transit (MRT) cake. Two of the companies Fujita Corporation and Aoki Construction are
    455 words
  • Article
    More fully automated POSB units next year
    530 1  -  By BERNADETTE CHOOI THE Post Office Savings Bank will be setting up between six and eight new fully automated branches within the next year. The exact locations of these automated tranches have yet to be decided but the bank disclosed that they will
    530 words
  • Article
    Talks on model for management and labour relations
    290 1  -  By TSANG SAU YIN A SINGAPORE model for consultation between labour and management will be discussed early next month between members of a tripartite study mission which has Just returned from Japan, and representatives of the NTUC and employers' groups. The 20-men
    290 words
  • BRIEFLY...
    • Article
      Lock icon Kohl loses vote
      68 1 AP WEST German Chancellor Helmut Kohl intentionally lost a vote of confidence in parliament yesterday after his Christian Democratic Party abstained at his request. The vote was 218 against the chancellor, with eight votes for him and 248 abstentions. Mr Kohl had arranged in advance to lose
      AP  -  68 words
    • Article
      Lock icon Rumours denied
      67 1 Reuter WEST Germany and France yesterday firmly denied widespread rumours on foreign exchange markets that they planned to realign their currencies in the European Monetary System (EMS). West German Finance Minister Gerhard Stoltenberg said ahead of a meeting of European community finance ministers that the mark would not
      Reuter  -  67 words
    • Article
      Lock icon Trade deficit widens
      83 1 Reuter PENINSULAR Malaysia's trade deficit in the first eight months of this year widened to M 53.06 billion from $667.3 million in the same 1961 period, the Statistics Department said. The August deficit widened to $396.3 million from $376.3 million in July and $193.8 million in August
      Reuter  -  83 words
    • Article
      Lock icon Refund on payments
      70 1 Reuter BRITAIN yesterday insisted that a US$B5O-million refund on its payments to the European community's 1962 budget must be paid by the end of the year, in spite of the opposition of the European parliament. British officials said Chancellor of the Exchequer Sir Geoffrey Howe told a
      Reuter  -  70 words
    • Article
      Lock icon Walesa's resolve
      84 1 Reuter LECH Walesa, leader of Poland's banned Solidarity union, yesterday said he is resolved to carry on the struggle to regain worker rights, but using only peaceful methods. Walesa, who was prevented by the authorities from addressing supporters in Gdansk on Thursday, also said "the time for watching
      Reuter  -  84 words
    • Article
      Lock icon Retail price inflation
      67 1 Reuter BRITAIN'S year-on-year inflation rate slowed in November to 6.3 per cent from 6.8 per cent in October, bringing the rate to its lowest level for more than 10 years. The Employment Department yesterday said the retail price index in November rose 0.5 per cent to 326.1,
      Reuter  -  67 words
    • Article
      Lock icon Oil discovery
      76 1 UPI A JAPANESE oil firm in Tokyo yesterday said its joint offshore oil development venture with China and France has struck oil and natural gas off the South China coast in the Gulf of Tonkin. Idemitsu Kosan Co said 2,300 to 2,700 barrels of oil and 300,000 cubic
      UPI  -  76 words
  • Article
    Lock icon Saudis will act if pricing pact not reached
    276 1 Reuter SAUDI ARAWA, «to wcrid's Mggest ofl exporter, eald It weald n l«|er fee! toil by «to earrsat Opee reference price of US$3l a barrel If smton of «to eU exporters grasp ill set reach what It weald regard a satisfactory prietog
    Reuter  -  276 words
  • Article
    Profit growth at Times Pub and STP slows down
    433 1  -  By CHOO AI LENG PRELIMINARY results released yesterday by the two publishing and newspaper companies of the Times Organisation show a slowdown in earnings growth for the year ended Aug 31. Times Publishing Bhd, the larger of the two companies, announced
    433 words
  • Article
    KL's French use worry
    43 1 MALAYSIAN «iMiwi an wanted neat «pMrii «f Mb to man mj he reject» I they were aet "He ant lav aw Kmmtam «hi M mt Mr |ii*i Mat Dm 1, the malteteMMto iSSS iMqwrt «Hh Fieatm h he ■efoefcrflhT
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      244 1 s m Published and Distributed by FEDERAL PUBLICATIONS New Industrial Road, Singapore 1953 A member of The Times Organisation THERE is a very strong case for internationalising American monetary policy and harmonising it with those of West Germany and Japan Page I THE Air Pollution Unit (Prime Minister's Office) plans
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    • Advertisement
      Page 1 Advertisements Column 2
      84 1 JjX&LiJVt 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 (12i 1981 Men s Tour Official Ball Count Titleist (4107). Nearest rival (905)
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    • Advertisement
      Page 1 Advertisements Column 3
      60 1 "77T! T, rv> v •virj i. vi n vvz SJk 2\ a >■ MV S#*^ O£3Ft 1: 7} ix >■ li For Christmas! This imported leather Cutty Sark Key-chain is free with every purchase. While Stocks last. Cutty Saric ScotsWhisfy j Distilled, blended and bottled in Scotland. Sole Agent: Hock
      60 words
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  • BANKING AND FINANCE
    • Article
      No devaluation of French franc
      177 2 AFTER heavy pressure on the French franc on European exchanges, a French finance ministry spokeswoman has denied that a fresh devaluation of the franc is imminent or that Finance Minister Jacques Delors is preparing to resign. Thursday's squeeze on the franc followed talk about a
      177 words
    • Article
      Lock icon Mexican aid request
      166 2 Reuter INTERNATIONAL banks hhve responded favourably to Mexico's request for a US$5 billion loan which would mark a breakthrough in efforts to solve the country's debt crisis. Monetary officials in New York yesterday said the banking community's response was likely to pave the way for the executive
      Reuter  -  166 words
    • Article
      Possible result of US monetary initiative
      444 2 ONE result of the American initiative to improve the workings of the world's monetary system may be greater attention paid to international demand for dollars in trying to control domestic money supply. Some monetary experts, such as Stanford University's Ronald McKinnon, suggest that domestic
      444 words
    • Article
      Lock icon Slowdown in world lending
      201 2 Reuter THE SLOWDOWN in new international lending may continue beyond the next few months, the Bank of gnyi»nH said in its quarterly bulletin. "The problems faced by many developing countries, together with the impact of larger provisions for bad and doubtful debts both international and domestic
      Reuter  -  201 words
    • Article
      Lock icon Rates to continue falling
      212 2 Reuter INTEREST rates will continue to decline, at least through the first half of 1983, amid a weak recovery, economists at the First National Bank of Chicago said. Chief economist Roy Moor said the decline will be significant. The prime rate will fall to an average
      Reuter  -  212 words
    • Article
      Lock icon OECD central banks want better reports on lending
      315 2 Reuter CENTRAL banks of the 24 OECD countries are commercial banks to Improve reporting of bank lending on a consolidated basis to make lending, particularly in the Eurocredit markets, more transparent In its annual report on the external debt of developing countries
      Reuter  -  315 words
    • MONEY AND EXCHANGES
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.35 per cent.
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      • Article
        ASIAN $
        130 2 ASIAN ASIAN currency deposit Interbank rates as at close on Dec 17: ssj-sr 7days •H 1 month 11/18 98/18 j month* 9* I month! B 13/18 11/18 months 18/18 13/18 months 10 •ft 12 months 10* 10 DM. HM /«aIU. bj i 1 month •H 41/18 3 months 8H 41/18
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      • Article
        Discount
        41 2 RANGE a( priow attar canal kaw Ok 17: id by dl» Onlgkt: SM CaB depMtts: lu 3- month MN TraasurybUls 213/16 211/16 3-month Bank bllla > 7* 3 month* CD 7* 7* 6 month* CD 7H 7* Source: National Discount Co
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      • Article
        Treasury bills
        49 2 RESULTS of tender held yesterday far 91-day Treasury bills to be tawed tram Dec 10 to Dec M: Offered: tIW.WffJHW AmM far: $255,000 000 Alsfaed: $160,000 000 I nifinl Uds: $99 32 approximately SB per cent; higher Udi la fall. ea aflafansnt: 2.680 per cent per annum.
        49 words
      • Article
        Hongkong
        116 2 THE US dollar yesterday rose against member currencies of the European Monetary System (EMS) in late trading, but eased against the yen, following a technical recovery of the dollar as European basks opwj6(i, dte&lcrs ttid. The dollar eased overnight against the mark on renewed speculation of an imminent ems
        116 words
      • Article
        London
        45 2 Opening quotes yesterday: US -1.6250/10 Oka 2.0104/38 Ooss L 2371/74 DMk 3.9003 64 D F1 4.3055/125 SFr 3.3150/215 QFr con 76.85/77.05 f FY -11.0602/867 Lit 2285.70/2272.70 Y« 384.02/87 D Kr 13.8170/380 fc Kr 11.3245/3390 S Kr 11.9076/227 Aus scb 27.36/46 Part 146.38/149.78 Spain 306.7*207.08
        45 words
      • Article
        Singapore market
        450 2 THE MONETARY Authority of Singapore again intervened on the local foreign exchange yesterday to push the Singapore dollar down against the US unit This line of action was taken by MAS on the exchange on Thursday. The US dollar opened at 2.1480/96 against the local currency but after
        450 words
      • Article
        Gold
        339 2 GOLD FUTURES in Singapore yesterday fluctuated narrowly throughout the session in thin trading before closing mixed compared with overnight New York levels, dealers said. Total sales far the day was recorded at 99 lots while kerb volume at U*****.50/44L50 an ounce compared with 440.50/44L50 in New York overnight, while
        339 words
      • Article
        Silver quotes
        44 2 M TM New York 10J38 10.05B Tiij-L-k 10.406 10.IS ia «p i| arn lAlTtCTi 1U .MR3 1U -ODO 10 JOS 10.IBS IM Support 10 JOB I0J0B 10 406 10 JK doting prices in US doOara troy ouno I. Source: Credit Suisse, S'pore.
        44 words
      • Article
        Tokyo
        151 2 THE DOLLAR for overnight delivery yesterday closed slightly higher at 243.45 yen in quiet and featureless trading after opening at the day's low of 243.00. This was above the 242.80/95. finish in New York overnight but well below the 245J0 close in Tokyo on Thursday. Trading volume was a
        151 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      380 2 jrf?PAIKWAY PARADE //s/ to? Why We Will Dominate Retail in Affluent Katong. Kl 22 V m T OUT OUT 'M i •i i -j a =^->s^-r„v i!i s §7/5 S3' Of 0 fiS a ai rs H i ft n 0, 3 Si 11JI 1 ♦lilt 111 Sr^S <K 4
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  • Article
    MEMO PAD
    724 3 SEMINARS AND COURSES bee 20-24: Job Training, Induction and Development, Institute of Education, NPB Dec 20-24: Active Performance Appraisal, Institute of Education, NPB Dec 20-24: Production Planning and Con- trol. Institute of Education, NPB Dec 20-24: Project Planning and Control, u Institute of Education, NPB bee 20-Jan 21
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  • TRADE AND INDUSTRY
    • Article
      Reliance Motors will distribute Peugeot cars
      307 3  -  By ANGELINE TAN RELIANCE Motors Pte Ltd will take over the impart and distributing of Peugeot cars in Singapore from Asia Motors from January. Reliance launched the Talbot line at cars in the Republic in December 1980 after its incorporation. This change is seen
      307 words
    • Article
      UOI entangled in confusion over similar names
      230 3 A SIMILARITY In names has landed United Overseas Insurance (UOI), one of the major insurance companies here, in some confusion. The problem stems from the fact that UOI Singapore has a namesake in Hongkong which had its licence to transact fire and marine
      230 words
    • Article
      HDB to mechanise cleaning methods for estates
      302 3 THE Housing and Development Board will spend several million dollars over the next few years on machines to clean its bousing A HDB spokesman yesterday said the conservancy functions of about 100,000 units of Oats, out of an estimated total at 550,000 units,
      302 words
    • Article
      Air pollution unit to upgrade facilities
      485 3  -  By KOH TSE YING THE Air Pollution Unit (Prime Minister's Office) plans to upgrade its measuring equipment and move eventually into telemetering. The entire process is expected to be completed over five to ten years and is in line with the Government policy to
      485 words
    • Article
      Sales of luxury goods continue to be brisk
      451 3  -  By MONICA GWEE THE GENERAL mood in a recessive year may be one of restrained spending, but sales of luxury goods are still doing well. PJ Benjamin ft Sons (Pte) Ltd, wholesaler for half a dozen top designer brands like Gucci and
      451 words
    • Article
      TWO SILVER MAX LEWIS MEDALS AWARDED
      147 3 TWO SILVER Max Lew* medals were woo by two people from industry yesterday. The Singapore Advertisers Association announced A posthumous award to lflr Michael Goh from Caidhst* MacGregor (S) who passed away oo Jan a this year. Mr Goh was cited as "on* of
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      124 3 i* H v.. E -> .v/ »111 [5 I I 'i".' i '-v. *7 r*fs v -i -sirae* Si I --*3'"' •w.? v^r-= A A** 1- f MB 'l *:<>«•; j tr-'i a i m Kr* !s» S& Lf% as jplt& Blllli *>ss ?fe Vr 'V-. t v -m::. V-:
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  • OVERSEAS
    • Article
      Lock icon Rising steel output in Asia hits West
      657 4 Reuter vfHILE Western steelmakers struggle to survive with p£eas for government help, uaion concessions and barriers to imports, smaller Asan producers are Jockeying for position to make the competition even stiffer. i-A survey in steel producing countries shows that the gpbal recession is
      Reuter  -  657 words
    • Article
      Lock icon Minutes show secret cartel formed
      351 4 AP The US steel industry has charged In a potion filed with the US Trade Representative that confidential minutes of a- JS7B meeting in Brussels prove that Japanese and European officials formed a secret steel cartel harmful to American steel producers. The 62-page petition seeking
      AP  -  351 words
    • Article
      Lock icon Real estate boom on West Bank
      182 4 AFP THE ISRAELI government's determination to forge ahead with Jewish settlements in the occupied territories has sparked a real estate boom on the West Bank, where thousands of Israelis are pouring in to examine future building sites. Special government loans ana substantially cheaper lot
      AFP  -  182 words
    • Article
      Lock icon Baldrige calls for rejection of car content bill
      285 4 UPI COMMERCE Secretary Malcolm Baldrige, by raising the spectre of a trade war, called for Senate rejection of legislation to cut imparts of Japanese cars and give Jobs to US car workers. He said the bill passed by the House of Representatives,
      UPI  -  285 words
    • Article
      Lock icon Reagan pushes for Israeli withdrawal
      632 4 AP, NYT PRESIDENT Ronald Reagan has increased the pressure on Israel to withdraw from Lebanon by saying Israeli troops and others in that country are now "occupying farces". In excerpts from an interview published in the Washington Pott yesterday, Reagan declined to say whether troops
      AP,; NYT  -  632 words
    • Article
      Lock icon Volkswagen expects loss
      288 4 Reuter VOLKSWAGEN, Europe'* biggest carmaker, yesterday predicted It would make a loss this year for the first time since 1975, as new signs of economic decline emerged in West Germany. During the first nine months of the year, the Volkswagen group, with extensive operations in the US
      Reuter  -  288 words
    • Article
      Lock icon JUNE TALKS ON CHINA-US INVESTMENT TREATY
      195 4 AFP CHINA and the US will start negotiations next June on a treaty covering investments. The treaty would mainly be intended to foster US investment in China, officials in Washington explained after the annual meeting of the joint SinoAmerican Economic Committee. The three-day session
      AFP  -  195 words
    • WORLD IN BRIEF
      • Article
        Lock icon CHILDREN'S WISHES
        378 4 Agencies A NATIONAL sampling of Santa Clauses in the US indicates they are getting an earful about the state of the economy, with many children asking for money and Jobs for their parents instead of toys for themselves. la findings of an annuaf Santa poU released by the
        Agencies  -  378 words
    • Article
      Lock icon Slower revival foreseen for major western economies
      576 4 Reuter, AP THE major western economies outside Britain are expected to revive in the first half of 1983, but recovery seems likely to be slower than In earlier cycles. The Bank of in London yesterday said after the first half revival, the combined
      Reuter,; AP  -  576 words
    • Article
      SHIPS IS PORT
      746 4 VmmI Berth Arrival Departure KEPPEL WHARVE Auby 20E alongside 18.12/0700 Builder m 22 alongside 18.12/0700 DorltSkou 36/6 alongside 18.12/1830 Kalimantan 8atu 6/7 alongside 18.12/2300 Koheng 23/4 alongside 18.12/0600 Mltrofan Sedln 15/6 alongside 16.12/1100 Ned Honshu 3/4 alongside 18.12/2300 Pacific Mulla 31/2 alongside 16.12/1500 Seng Olap 28 alongside
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      346 4 SL MARINA CENTRE DEVELOPMENT PTE LTD SLMCD is currently engaged in the development of the Marina Centre Project which, when completed, will comprise 3 luxury hotels, a large retail complex including 4 department stores, parking space for 2,400 cars and various ancillary facilities. In line with its marketing and promotional
      346 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      253 5 Service, the keynote to operations at POSB. We were one of the first banks to computerise our service. One of the first to introduce automated teller machines (ATMs). The first to offer longer banking hours, Saturday banking and personalised night banking service. The first to implement the Passcard savings account.
      253 words
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  • Article
    Something to feel sheepish about
    516 6 COMBS ARE made in all possible shapes and sizes, mainly to suit the varied shapes and sizes of modern women's hairdo. Some are curved, some straight and they can either be long, short, narrow or broad. The teeth also come in varying lengths with long-toothed
    516 words
  • Article, Illustration
    Personal computers- why, how and which to buy
    2134 6  -  BUYING a pemail computer represent* a cammltmcat sf time sad nnaey ud may be a dlfllcalt dedstoa to make. The mm Invslved varies: yea eaa get a Sinclair baste salt fsr $2M, a Csmmsdsre Vie 2t fsr $FJS, a Sharp PCISM pseket
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      260 6 CONFERENCE CH AIRM AN Mr Kdmond J I)owd, Managing Director Regional Viet- I'rtsident, Johnson lliggins Pte Ltd, Singapore SPEAKERS I>r K S (Sandy) Clark, \ice President, \le\ander K Ylexander, I nited States ot America Mr William Cullen, Senior ice President, Johnson 4 biggins, I nited States ol America Mr Bill
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      721 6 IN-ONE CROSSWORD CRYPTIC PUZZLE ACBO6B 1 Make fun of corny material (5) 6 Two-ring Starr (5) 9 Corrected (when "written" wrongly?) (7) 10 That of a light aircraft? (5) 11 Name of a former Ministry artist (5) 12 Some consolation for getting lamed? (5) 13 They no longer buy whistles
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      989 6 tv&radio l SINGAPORE 5 12.50 PM Openmf folowed by Sesame Street 1.50 BUckstar City of the Ancient Ones: Klone and the Trobbits are captured by Amber, a powerful sorceress ruled by the Overlord. BJackstar and Mara have to rescue their friends, and stop Amber from giving the mystic powers of
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  • Article
    A glossary of terms
    437 7 THERE is no adequate substitute for a good introductory book on computers, but the glossary provided here will give you an idea of some of the most commonly used computer-related words. MEMORY CAPACITY the number of units of data that can be stored in a computer
    437 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      268 7 ItmGGMqM szs DiuwhmaSßhd TIMES PUBLISHING BERHAD (Incorporated in Singapore) Final Report For the year ended 31st August 1982 the Directors report: Turnover Profit before taxation Profit from associated corporations Investment income Income from subsidiaries Provision released (charged) for diminution in value of investments Profit (loss) on sale of investments Taxation
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    • Advertisement
      Page 7 Advertisements Column 2
      239 7 THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated in Singapore) Final Report For the year ended 31st August 1982 the Directors report: Turnover Profit before taxation Investment income Income from subsidiaries Provision released (charged) for diminution in value of investments Profit (loss) on sale of investments Profit (loss) on foreign currency
      239 words
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      135 8 Where to wine, dine and entertain with the American Express* Card If you dont already have the Card\ call *****33 for an application form" IF YOU'RE LOOKING FOR ER 01 ft 1 m m M m l£ iji s Hi N Le wpdcapc Louise Pre-Festive Fea^l on Sundays (December 5,
      135 words
    • Advertisement
      Page 8 Advertisements Column 2
      161 8 f*JAPANESE RESIAURANT hor sushi. For teppanyaki. For other authentically Japanese delights. ()/>«■'! I i. )i I 11 >r rcserratu >m.n c <_;// iiCS <'iilur\ I irk V»l u'!•:i(«>i i *~»ii ili:i|»« »r«' m NUTMEGS offers JAZZ BRUNCH oiiSundays V 10.30 am. -3 p.m. $21 per person N Please caH *****88
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    • Advertisement
      Page 8 Advertisements Column 3
      229 8 TIVE SMiaiM In the impersonal vastness of the Changi International Airport is an elegant and sophisticated Continental restaurant and lounge bar. Here youll discover a serene and gracious refuge with superb Continental cuisine and impeccable service. Business Hours: 6.00 pm to 10.30 pm (restaurant) 3.00pm to 11.00 pm (lounge bar)
      229 words
    • Advertisement
      Page 8 Advertisements Column 4
      164 8 Jazz up your favourite drink with the Louis Tan Three-Q. 31 ?s BUNGE 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. t 4* »n--i Vi V- 3L I rDine in the grand
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    • Advertisement
      Page 8 Advertisements Column 5
      106 8 Sink into a toft chair in your Mtiafying drink in your hen*. And nfton tha drinks finely hit you. lot your thoughts malt whits tha music of THE THUNDER BIRDS fills your haad. Drop in 11.00 am to 1.00 am on wmkdsyt (up to 2.00 om on woakandsi. V v
      106 words
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  • INTERNATIONAL STOCKS
    • Article
      Market finishes lower in quiet trading activity
      981 9 iINEW YORK •ISTOCK PRICES IN New York on Thursday closed slightly lower and 'Ijlue chip issues dominated the rela- tively quiet trading activity. •v The Dow Jones industrial average moved in a narrow range all day closed on the down side, off .jabout
      981 words
    • Article
      TORONTO
      91 9 gysr"» —a tes? 1 1L i*» 11» |j—i >- mtPro*npa m UUDta lt* ■akitart m mu mekai u* pgtltom—oW> *H -JJ EwrAM M* «el» UN S* Lotoiew B W -M VQuLM «1» Hunnn uncb MB pBg 1 m QUMB«dUk« MgtoonA »H 1* 5ST<» ao cSCoKmIi 11* aaeta w" ineb
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    • Article
      Zurich
      127 9 sac 10 nua ieUana HiiImii Wt unch Br. n aneta ft It ml Til Km. Mff -1 knm 8own Br. 000 aneb ab*<Mcr Br. 1MB OMCMpPC 1« +S giimcmobm. m +i MMdwir 1000 +10 drwut SulaM R«C Mi -i BMomttBr BU 10 Oaorv* PtactMr Br -6 Otobyc +1 rao
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    • Article
      Frankfurt
      1 9
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    • Article
      Milan
      68 9 OKU U IN 4-4 Cntnk Ord 1 Good Keqm Rom 1 ■MO unch m *m TS rm rwort OtMnll IMP (MM inprt* iBTMt ItalMaiMiM fbjl 910 ♦!> iw *m um -m TtWO IWJCVBMull WW 111 Ita*U LapaUt Ord DUO +M m -m am -ra KM m MM unci) Ptnlll
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    • Article
      Brussels
      67 9 DSC 19 I FORWARD M Aaae Arted Aatar m 1ARKKT u« -s 1000 ancti VI -S Or Bra Lamb Hobok —i Potro Rfl Dutch ft~r Ttn R«i« 1«M 1MB UM ancb -m ancb Snpjr' I I Cock no -a 1JBJ -4 M -S Bolfiy A rm 5n V CASH
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    • Article
      Paris
      94 9 nacM rn GROUP B COKBKILLK camtour tM> ntudn (K AJr-UoBtda 4» 1 t/Un*oa MJO web BSNOmiU Lafaf*» miO DMOM MB +1 C8F (Thornton- jtoj-Hwuwy Iff r£r> im Otrfl-PsrtbM I» a?tT*nc*im SillHI laMNjM. 114 ■lilinrMlwn unch < Sm2Sf!!!! m group c SlSSffL» Ivu £»2?* MielMUa(B) m -11 «H t» uneb
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    • Article
      Amsterdam
      159 9 DBCM n§ ABM Ahold mat 11M0 •4 -a« Akao ai«v AmtM AautXmk n«o MJD MM 4M» •M ♦i -1U -u ferr ZZH ia.«o -1J Bote mm tan KM ♦u ♦17 -4.4 Kf Burnt Gtfend 3UD bjo -0.1 >u P»ttMll MUO M -4 ♦0J 0l5 ■U bulk lttJO uui nh
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  • RAW MATERIALS
    • Article
      RUBBER
      332 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with January One RSS buyers quoted at 176.25 cents per kilo, up 0.25 cents from Thursday's close. Morning prices were marked up slightly on some covering interest after an unchanged opening. The afternoon session was quiet and featureless. In Kaala Lampv,
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    • Article
      CLOSING PRICES
      30 9 Rubber: Dec 17 Singapore: Jen: 176.25 cents (up 0.25 cent) Malaysia: Jan: 188.00 cents (unchanged) Tin: M 929.15 per kilo (unchanged) Offlcal offering: 155 tonnes (up 25 tonnes)
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    • Article
      Straits Tin
      48 9 THE STRAITS UN price in Peaaag yesterday remained unchanged at the IT A fleer level ef Ms2t.ls a Idle, dealers said. Taraever, ef which abeat It per cent was foreign ere, reee to 155 Wanes tram IS» on Tharsday and dealers failed to detect any ratteaing.
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    • Article
      SOYBEAN
      178 9 SOYBEAN futures in Chicago on Thursday closed mostly easier with only nearby January firming Vt cent a bushel. Other months were off as much as three cents in thin, locally dominated turnover. Strength in the nearby reflected exporter demand for soybeans ahead of Mexico's tender on Thursday for up
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    • Article
      WHEAT
      132 9 WHEAT futures in Chicago on Thursday closed unchanged in spot December to IVi cents lower in July after trading in narrow 3'/« cent ranges. Recent HRW wheat sales to the USSR which approached trader expectations underpinned futures, traders said. Soviet purchases of Australian and French wheat lent a negative
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    • Article
      RAS PRICES
      305 9 RAS prices In eenti per kilo yesterrlay Nooa (per kilo) OoK (per kilo) Int. 1 R-S-S- prompt f o b 174J0 tet. 1 R.S.S Jaauary ills Int. 1 R.S.S February ***** Int. 2 R.S.S. 107 00 UK/COM 105.00 Int. 3 R.S-S 10.50 UK/Coot 10.50 Int. R_S S 153.00
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    • Article
      SSR and SMR
      108 9 i! NHUT Tarraai Ml Mnan *> (Forward Mtfc) I SSR (1-taa paiiw) ie •n 7JK &.U. m Ba MOON Mil 1 r» MOON 8SR SO (1-taa paibt) u >101 1MOON MM 1 MOON Mm m SMRCV (1-taa paBtaJ UAL (1-taa palat) < it IM COO ia*yr •LOON
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    • Article
      Produce exchange
      170 9 CHINESE Predaee Exetaage, per 166 kg yesterday!*"* Cms—l all: Bulk fob $97.00 sellers, old drum (in second hand drum) fob $110.00 sellers, new drum fob $114.00 sellers. Cepra: Mixed (loose) $56 buyers. Pepper: Muntok white pepper fob Asta NLW $380.00 sellers, Sarawak white pepper faq fob NLW $375.00
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    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettsa yarn: China Blue Phoenix 20* 2,340; 32s 2,910, 40s 3,200 (per bale of 400 lbs). Piece gseds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • Article
      RICE
      329 9 BDM3APORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: MO per cent first cljlsi (Kangaroo) new crop 1.00, 100 per cent second class 0.72, 100 per cent third class 0.67, 25 per cent new crop no stock, B-10 per cent 0.64. THAI BROKEN: A-super 0.60, Special 0.57.
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    • Article
      Lock icon Minister lashes out at rubber operators
      278 9 Reuter DEPUTY Malaysian Primary Industries Minister Bujang Ulis attacked unscrupulous market operators who are operating In the rubber market to depress prices even further. Such operators are concerned only with quick gains irrespective of the damage to rubber producers, particularly smallholders, Bujang in a
      Reuter  -  278 words
    • Article
      Conditions for rubber market remain thin
      246 9 TRADING conditions remained extremely thin and lethargic throughout the week as most operators were disinclined to open fresh positions on the approach of the forthcoming festive season, says Hstt* day, Caller aad Bath in its rubber review far the week ended Dec 16. Turnover
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    • Article
      PALM OIL
      132 9 The Malaysian crude palm oil market yesterday rose in quiet trading on light weekend covering, dealers said. In Dec south was unchanged at M 5802.50 a tonne. Central and north gained Mss and M? 2.50 respectively to MsBos, and in Jan was unchanged at MsBlo with north at
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    • Article
      LONDON MARKETS
      1006 9 COFFEE: Robusta coffee futures were steadier at midday, between £15 and £4 a tonne above Thursday's close in traded positions. Prices traded quietly and narrowly for most of the session after early commission house buying lifted prices from slightly easier first trades. Yesterday morning's performance was strong in
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      57 9 See Page 11 for Asian stocks. You have tasted Singapore Teochew Food Have you tasted Hong Kong Teochew Food Rose Garden Hong Kong Teochew Restaurant brings you original Recipes of Hong Kong Teochew food Prepared specially by our Hong Kong chefs. Cochpit Hotel Mezzanine Floor 6/7 Oxley Rise/ Penang Road
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      Page 9 Advertisements Column 2
      155 9 OFFICIAL NOTICE PROfOSAI TO CHMKE OF SMP'S NAME I, Jimmy Tan of S&mta Pte. Ltd., hereby give notice that in consequence of our Purchase a motor vessel from M/s. Penix Maritime S.A. I have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1695 10 BID and offer prices officially listed and business in and reparted 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. BBCTION ONE INDUBTBIAL ft COMMERCIAL Aeaia (1488
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  • Article
    Unit trusts
    135 10 ■NSAMNW UNIT AWT DIAMOND MOT STOCK (Mm n il' prteee tar Dee The Oomntrce MO MB Nov Dec The Sartag* Fund Ltt 1-74 S-pore Prof Pood L» L* S'poreFd (US*) 056 0.58 S pore See. mad 14 US SI 1J1 1JI S&SXTS. a Jm "SSKffSw™ Income Bond LM
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  • Article
    SHARE INFORMATION SERVICE
    2948 10 IMS High Low Co«paay Last Sale +orGr*s DW Dhr CVr Gr*s Net TW P/E Vol Day COOO) High Low 8ECTION ONE INDUSTRIAL COMMERCIAL 390 140 233 334 322 141 201 480 328 490 680 1520 480 240 480 1040 288 440 100 326 100 529 200 280
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  • Article
    In Kuala Lumpur
    1514 10 BID aad otter price* ofßrtalty listed and laajaw* In and i «ported to the Koala Lumpur Stock Ezdtaoce yesterday. with the number at shares traded shown tn bracket» la lota at 1.000 units unless otherwise specified MDUSTUALB Ateea (I.MB 1.875) (23) LB (M) I SO 1.81 (U)
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  • Article
    COMPANY MEETINGS
    79 10 HONG LeMg UuMm BerM: Nineteenth AGM to be held at the conference room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur on Dec 18. TOSHIBA <M*layai») Berkad: Fifteenth AGM to be held at Room 1, No. 5C, Jalan Gurney, Kuala Lumpur on Dec 21 at 11
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  • Article
    ICS in the limelight
    734 10 IN A feataretees day marked kjr tow niMH aai lethargic price BMaanto, Iwriirr Cerperattoe ef Blagapere meaepellsed Maklag tto dekat ea the toeal aaahaaga yesterday, the DBS sahaidlary epeaed streagty at 9JI agatoet tto •Her priee d fLlf. Several klaekaiarket traasacttoas traded at hetweea $LM aad
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  • Article
    KL mixed in quiet trading
    537 10 SHARE prices finished mixed to selectively higher on the Kuala Lumpur stock market yesterday in quiet trading. Total turnover was lower at 3.45 million units valued at MJ8.77 million against Thursday's 3.66 million units worth 19.66 million. Prices opened at below overnight levels. Aside from
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  • COMPANY NEWS
    • Article
      Lock icon Harvester incurs US$1bn loss in fourth quarter
      617 11 NYT THE International Harvester Co has reported a US$l billion deficit for its fourth fiscal quarter, one of the largest quarterly losses ever reported by an American corporation. This marks the third consecutive yearly loss for the maker of farm implements and heavy-duty
      NYT  -  617 words
    • Article
      Lock icon In Hongkong...
      234 11 Reuter THE Hongkong High Court has appointed Price Waterhouse Associates as provisional liquidator for Dsllar Credit aad Financing Ltd, a court official said. The official said this follows a hearing before a Judge in chambers. On Dec 10,11 creditors of the deposit taking company, which is a wholly-owned
      Reuter  -  234 words
    • Article
      End of unusual move in corporate strategy
      903 11 PEGI-MULTI-PURPOSE BREAK-UP THE dissolution of the Joint venture arrangement between Pegi Malay*» and Mam-PvfMe nililnf M (MPHB) marks the end of an unusual exercise in corporate strategy. It should also allow the dust to settle on an issue that has been embroiled in
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    • ASIAN STOCKS
      • Article
        Prices close weaker
        181 11 HONGKONG STOCKS IN Hongkong yesterday closed after limited trading ahead of the weekend with the Hang Seng index closing 15.13 points down at 757.73, brokers said. Prices fluctuated throughout the day, partly due to uncertainty over Carrian Investments. Its direct majority shareholder, Carrian Holdings was on Thursday
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      • Article
        Tokyo shares quietly higher
        234 11 SHARE PRICES In Tokyo yesterday finned os scattered bargain hunting in blue chips baaed on the yen's firmness against the dtiQar, hot trading remained thin due to a lack of target shares to buy, dealers said. The market average rose 36.96 to 7,865.88 on a volume
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      • Article
        Sydney
        284 11 PRICES IN Sydney yesterday moved narrowly in dull trading which brokers attributed to investors closing their books for the year. The 1500 All-Ordinaries index was 0.5 points down at 4731 with industrials up 0.3 at 602.6 and resources 1.1 points lower at 368.8. BHP rose six cents to A
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      • Article
        Manila
        57 11 dcc 17 pmm MM «DCh tcsM?±=itai tsr Bmuooom MM* -mm» J"****»!""* MM well BnfuatCon- B MJI uncti CDCP LM 2SntoB. HM Mm 55m OriZtiuiTI MM 7mm Pj(lwi MM -MM HUM CUM -MM Pteop» -T" gffiTI MMB MMS -MM! gm MH— I» _ZZZ 17jM uoeh litfrnl MM mi gte»cwrty Mi
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        Bangkok
        21 11 nmn f ;W^ i' That Mutual Pvndm KM Than* Stain 10* -1 Union Thnad United Dour MUI 1M WhHa Otoup
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      86 11 NOTICE This is to give notice that Mr. Paul B. Chaston, (Passport No. B/*****9), Goldhill Square Project Manager, will cease to be in the employ of Goldhill Developments (Pte) Limited after 31st December 1982. He is on leave from 16th December 1982 to 31st December 1982 and accordingly, he ceases
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    • Advertisement
      Page 11 Advertisements Column 2
      414 11 AV< i »SSF ■£>. ViT. 'i <J V 'r% :ji 4}/k Wefl keep you out of the investment nvize Knowing the difference between a bear market (declining), and a bull market (rising), is only the beginning. Today's share market has never been more complex. At the same time it has
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  • Chief Price Changes
    • Article
      SINGAPORE
      155 12 Rises Alcoa Public Corp Dualop l»a FAN 8 T P i*7e> Ielaad Mt Pi sa B«r)uUl 8 P TwtO* lulu (Falls SB8 Spar* Land Acmt 135 261 382 600 905 610 520 164 500 284 665 245 174 505 486 424 454 324 775 080 645 630 536 520
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    • Article, Illustration
      KUALA LUMPUR
      172 12 Rises Dunlop Ind 424 +16 Gadek 312 +12 Gold Coin 300 +12 Carlsberg 480 +10 M Brewery 510 +10 Alcorn 167 8 Tan Chong 414 8 Public Bank 456 8 Roxy 160 6 Public Corp 279 6 Fall** Norsecbem 350 -40 Dunlop Est 500 -30 S'pore Land 740
      172 words
    • Article
      Selected indices
      50 12 FINANCIAL TIMES INDUSTRIALS Thursday $80-5 Wednesday M®-® Week Ago 577.7 DOW JONES AVERAGE INDUSTRIALS Thursday WQ-2S Wednesday 64 Week Ago 1027.96 Friday 757.73 Thursday 77X86 Week Ago 754.40 AUSTRALIAN industrials Friday 902-7 Thursday 602.4 Week Ago 607.3 ALL ORDINARIES Friday— 473-3 HJLHANG SENG Thursday Week Ago «74-7 478.4
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  • Article
    LONDON STOCKS
    880 12 STOCK prices opened mixed In moderate trading irtth Wall Street giving no clear lead while gold Aarea we* e marked ■p with the bullion |*tce yesterday. dealers said. Hie Financial Times Index at noon was up 0.7 jwints at ni Among leaders, BP were up 4p at 310
    880 words
  • Article, Illustration
    Pan-El sells nearly all its EAI shares for M$5.57m
    573 12  -  ■11 Companies Editor: Mara Sabnani By NAJEEB JARHOM PAN-ELECTRIC Industries Ltd has sold nearly all of its 25-per-cent stake totalling 743,000 shares in Malaysian-based Electrical and Allied Industries Bhd (EAI) for MJ5.57 million. EAI disclosed this yesterday in its interim results
    573 words
  • Article
    Ambassador gets $29m cash from sale of asset
    168 12 AMBASSADOR Hotel Ltd has received the cash consideration of $29.5 million (or the sale of its main asset, the Ambassador Hotel, in Meyer Road. For the sum of $29.5 million, the buyer, Duke Hotel Pte Ltd, received, not just the hotel, but
    168 words
  • Article
    Lock icon Carrian Nominee may bail out subsidiary
    272 12 Reuter CARRIAN Nominee Ltd may Inject between HKS3SO million and $500 million into its listed indirect subsidiary, Carrian Investments Ltd. Sources dose to Carrian Nominee yesterday said Carrian Investments, which is faced with heavy debts, may, as a result of the cash injection, consider
    Reuter  -  272 words
  • Article
    Peak Hua to develop two Ipoh complexes
    413 12 PEAK Hua Holdings Bhd, which shot into the limelight recently with its acquisition of Lien Hoe Industries Bhd, looks set to continue its thrust into the business sector. While the Ipoh-based company is faced with the possibility of accepting the "put-option" exercise to
    413 words
  • Article
    COMPANY BRIEFS
    443 12 GENERAL Corporation BM has announced that the register of loan stockholders of its MS50 million 10 per cent convertible unsecured loan stock will be closed from Jan 8 to 11 for the purpose of preparing interest warrants for the period from Nov 19 to Dec 31. The warrants
    443 words
  • Article
    Multi-Purpose in shipping tie-up with Promptship
    650 12 MULTI-Purpoee Holdings Bhd, which reiterated its intention to move into the shipping business Just a week ago, is awaiting approvals from the relevant authorities (sr a Joint-ven-ture proposal with Promptship Holding Inc of Hongkong. At a closed-door meeting in Kuala Lumpur on Oct 7
    650 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      126 12 ASIA WATCH CENTRE G-16. Katong Shopping Centre G-4/WB Upper Ground floor Colombo CVujfi CHEW CHEONG (JEWELLERS) ££7uckvPlaza 230-241, tat floor. Shaw Centre G-23, Orchard Towers O OLDEN VALLEY PTE LTD (The House ol Time) G-149 150 People's Parti Complex CORTMA WATCH CENTRE PTE LTD. HOMETRONICS TRAOtNO CO PTE LTD SHUN
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 WEAT H E Rj OUTLOOK for today: Showers expected in several areas in the afternoon. Bepwt flar U hun friar toMlpaaa Dee 17 at the alrpart: Maximum temperature 30.2 Associated humidity 73 Minimum temperature 213 Associated humidity 91 Hours of sunshine 1.90 Rainfall in millimetres 11.7 Total rainfall for the
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