The Business Times, 8 January 1983

Microfilm: NL13704
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JANUARY 8, IMS 60 CENTS
    11 words
  • Article
    SIA may suffer decline in operating surplus
    400 1  -  By JOHN LIM SINGAPORE Airlines' operating surplus may suffer a drop in its current financial year ending in March. In the first eight months to November, SlA's operating surplus was up to budget expectations. But chairman JYM Pillay said in his New Year
    400 words
  • Article
    Lock icon HK bourses consider plan to boost turnover
    205 1 Reuter THE Stock Exchange of Hongkong Ltd is considering proposals to boost turnover on the four markets in Hongkong after a recent sharp fall in volume, chairman Ronald Li said. Mr Li, also the chairman of the Far East Stock Exchange Ltd, said
    Reuter  -  205 words
  • Article
    Trade board to review export incentives
    543 1  -  By WANG LOOK KEAH THE Trade Development Board "will review critically all the existing export incentive schemes". Speaking at the inauguration of the Board, chairman Chandra Das said the other area of immediate interest to the TDB is to expand its network of overseas
    543 words
  • Article
    Impetus for growth in advertising industry
    480 1  -  By TSANG SAU YIN NEW products and services are expected to provide the main impetus for growth in the advertising industry this year. Advertising budgets of companies dealing in consumer goods and durables show a marked tendency to advertise for the promotion of products
    480 words
  • Article
    Lock icon New commodity law in force from Jan 15 in Japan
    324 1 Reuter THE JAPANESE government has announced that its new overseas commodity law to protect investors from potential fraud by brokers in futures trading on overseas exchanges will become effective on Jan 15. The law will apply initially to futures trading
    Reuter  -  324 words
  • BRIEFLY...
    • Article
      Lock icon No oil price cut
      77 1 Reuter SAUDI Arabia will not cut its oil price from the present level of US$34 a barrel, a government spokesman said. He said rumours that the kingdom was considering an oil price cut were pure speculation, with no basis in fact. Saudi Oil Minister Sheikh Ahmed
      Reuter  -  77 words
    • Article
      Lock icon Gold deposits
      54 1 AFP MALAYSIA has huge undiscovered gold deposits in its north-central highlands just waiting to be tapped by sophisticated equipment and techniques, according to the geological survey department. In a report released in Kuala Lumpur, the three identified promising areas for gold prospecting in the states of Pahang, Kelantan
      AFP  -  54 words
    • Article
      Nuclear station
      77 1 A PLANNED nuclear power station in South China near the Hongkong border could supply the British colony with almost half its present electricity needs at a reasonable cost, according to a senior Chinese energy official. The newspaper Yangcheng Evening News quoted Chen Gang, deputy head of the Guangdong
      77 words
    • Article
      Lock icon Accused of spying
      60 1 Reuter TWO Soviet diplomats based in Geneva have left Switzerland at the government's request after being accused of spvinj?. the Swiss justice ministry said. The ministry statement did not name the officials, but said one was a consul at the Soviet consulategeneral and the other was a
      Reuter  -  60 words
    • Article
      Continued boycott
      70 1 MALAYSIA has accepted a bid from a British truck company because it was the best offered but said its boycott of British goods and services was still in effect. Under the MJ51.8 million agreement, Gomba Stonefield Vehicles will begin delivery of four-wheel drive, rough terrain 1.5- to threetonne
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    • Article
      Lock icon Devaluation
      58 1 Reuter ZAMBIA has devalued its currency, the kwacha, by 20 per cent and announced it was suspending repayments of principal on its mediumand long-term foreign debts while seeking a rescheduling from its creditors. Finance Minister Kebby Musokotwane said the devaluation, effective at close of trading yesterday, was against the
      Reuter  -  58 words
    • Article
      Lock icon Crude oil exports
      86 1 Reuter CHINA'S crude oil exports rose 6 per cent to a new record last year while oil production rose only slightly and was well below the peak output year of 1979, according to official figures released. The New China news agency quoted a petroleum ministry spokesman as
      Reuter  -  86 words
  • Article
    DBS Bank raising prime rate to 9.25pc
    318 1 MARKET leader DBS Bank will be raUig Its prime leadlag rate by a quarter pslat to 1.25 per eeat, signalling aaatber raaad af Interest rate iacreases. Fram Maaday, toe haab will aIM be Increasing Its fixed depsait rates. Tbe HMDwto rate wUI be
    318 words
  • Article
    Building plans approved in July-Sep 1982 totalled $2.4bn
    479 1  -  By LEE HAN SHIH A TOTAL of 234 development projects, amounting to $2.4 billion, were given the green light in the third quarter of 1982. This is a 26-per -cent increase from the $1.9 billion approved in the preceding quarter, but a
    479 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      260 1 ^>.,($`]_;?-*~+?;-/^>!%@[),`:&> Business Times will publish the top 100 listed companies on the basis of shareholders' funds on Tuesday. raoai EUROMARKET bankers, shaken by last year's debt hangover, are nonetheless prepared to increase their lending this y ear Page 2 IN an uncommonly pessimistic outlook for 1983, the Reagan Administration is
      260 words
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      Page 1 Advertisements Column 2
      96 1 The sinking feeling i fromy/xJbtivt: c=W Putt with a Bulls Eye Kit's a sinking feeling you'd love to have Heel Vi\ k\ Shafted \l\ m\ Flanae ml Feel the unique shape and balance the precision weighting of the brass. the easy alignment Every Bulls Eye putter is cleverly crafted to
      96 words
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      Page 1 Advertisements Column 3
      185 1 W/»ollW X«mwx mm LM 02 101 iCfound Moon f* itm Scam RaM Snwiffi 0922 T.i *****83 *****26 r—l 4 t 1 J w Wishful thinking? No! Wayfoong thinking You have enough to live comfortably by from day to day. But what about your dreams of the future a new car,
      185 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bankers resolve to increase Euromarket aid
      879 2 Reuter Euromarket bankers, shaken by their 1982 debt hangover, are nonetheless making new year's resolutions to increase lending, believing with many over-in-dulgers that a smaller dose of liquidity can help restore the system. Their resolve follows soulsearching and official concern and coordination not seen
      Reuter  -  879 words
    • Article
      Lock icon Sweden raising record US$1bn floating Eurobond
      289 2 Reuter SWEDEN is raising US$l billion through a 10-year floating note on the Eurobond market, a record borrowing on this market. Lead manager Credit Suisse First Boston Ltd in London yesterday said the issue will pay a per cent margin over six-month London Interbank
      Reuter  -  289 words
    • Article
      Lock icon Concern over appreciation of Swiss franc
      484 2 Reuter THE Swiss National Bank is showing signs of concern over a widely-forecast appreciation of the franc against major currencies, some commercial bank economists and foreign exchange dealers said. But they mostly agreed that any market intervention the bank may undertake in coming months
      Reuter  -  484 words
    • Article
      Lock icon PERU TO PAY ITS DEBTS
      128 2 Reuter PERU is not planning to refinance any part of its US$ll billion external debt and the government's policy is to meet all debt payments this year. Economy and Finance Minister Carlos RodriguezPastor, who was sworn in last Monday, said he estimated Peru's debt service
      Reuter  -  128 words
    • Article
      Lock icon Manila sets a US$2bn ceiling on foreign loans
      302 2 Reuter THE Philippine Monetary Board has approved a US$2 billion ceiling for the country's external debt (or this year, down from last year's $2.4 billion borrowings. Central bank governor Jaime Laya said the reduction takes into account the outstanding total external debt
      Reuter  -  302 words
    • Article
      Lock icon Conditions for Brazil
      141 2 AP THE International Monetary Fund will require a balance of payments deficit of zero in 1983 for Brazil to receive its US$5.9 billion loan. The technical memorandum of understanding released by the Brazilian Presidential Palace describes in detail the IMF's conditions for Brazil to receive its quarterly
      AP  -  141 words
    • Article
      France ready to cut reserve requirement
      375 2 THE French finance ministry said the monetary authorities are ready to cut banks' reserve requirements, releasing around 10 billion francs to the banking system. The ministry statement gave no date when such a reduction would be made, but said it was ready to cut
      375 words
    • Article
      New money market account receives light customer response in America
      507 2 COMMERCIAL banks and savings institutions in the US have begun to offer a second money market account without an interestrate ceiling, but customer response is light, a spotcheck shows. Bankers said their new. Super NOW account was the subject of
      507 words
    • MONEY AND EXCHANGES
      • Article
        PLR
        22 2 THE average rale at which major Singapore banhs are currently prepared to lend to their best customers is 9.37 per cent.
        22 words
      • Article
        ASIAN $
        194 2 ASIAN ASIAN currency deposit Interbank rates as at close on Jan 7: U8 DolUr»(8pot) Off.r Bid 7 days 15/18 8 13/16 1 month 815/16 813/16 2 months 815/16 813/16 3 months 8 7 6 months 91/16 8 15/16 9 months 9* 12 months 95/16 9 3/16 Dw 8w Tt*. i
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      • Article
        Discount
        47 2 RANGE of prices often fd by dlscount houses on Jan T: Overnight J 1 Call deposit! J'. Closiaf BariM Selliac 3-month Treasury bills 2 11/18 2 9/18 3-month Bank bills 8* 8W 3 months CD 8H 6 months CD 7 1 7* Source: National Discount Co
        47 words
      • Article
        Treasury bills
        49 2 RESULTS of tender held yesterday (or 91-day Treasury bills to be issued from Jan 10 to Jan 14: Offered: $130,000,000 Applied far: $160,250,000. Allotted: $130,000,000. Accepted Mds: $99.23 approximately 53 per cent; higher bids in full. Average rate it dl*c*ut m altoUnent: 2.930 per cent per annum.
        49 words
      • Article
        London
        61 2 Opening quotes yesterday US —1.3*7,77 Can 1*60 75 Qt*-iaM/07 D Mk —3.7*5 7725 DF1 4 1660 17» S FY ***** B FY con 74.19, M F FY 10*73*» Lit 1174 2177 20 Yen 3* 370 25 D Kr 13 nap 3*0 N Kr 11.3060/21® S Kr *****6 C75 Aus
        61 words
      • Article
        Singapore market
        518 2 TRADING on the foreign exchange market yesterday was dull and very steady. The US dollar went up towards the end of the day but finally settled lower at closing. The US unit opened at 2.0890 against the local currency. It strengthened to reach the day's high of 2.0905
        518 words
      • Article
        Tokyo
        174 2 THE DOLLAR for overnight delivery yesterday closed at 230.95 yen. above the 230.40 opening but below the day's high of 231.25, dealers said. This was also above the 229.85/230.00 close in New York and on the US West Coast, and the 229.65 finish in Tokyo on Thursday. Trading volume
        174 words
      • Article
        Gold
        277 2 GOLD FUTURES in Singapore yesterday turned easier in the afternoon on some profit-taking after a firm opening, but the market still closed higher on balance compared with overnight New York's close. Trading was thin throughout the day with total sales recorded at 107 lots while kerb volume at 559
        277 words
      • Article
        Silver quotes
        36 2 New York 11.2GB 11.3® 11.33S 114QS Zurich ii xe 11.07B 11.306 ■M U.17S Singapore t n 11.25B U.32B 11.35S U.42S Closing pric *s In US dollars a troy ounc I. Source: Credit Suisse, S`pore
        36 words
      • Article
        Hongkong
        108 2 THE US dollar yesterday ruled steady against other major currencies in featureless late trading on subdued volume ahead of the weekend, dealers said. The dollar continued to benefit from speculation over interest rate cuts in Europe and Japan, which pared its recent losses due to prospects of lower US
        108 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      352 2 Computa'Sl attractedl3,ooo business ooDortuniti Can you to miss COMPUTA'B3? Computa '81 drew 120 exhibitors from 12 countries. There were 13,000 visitors 8,000 were trade visitors, of which 40% were from overseas. Computa '83 is the third international exhibition on computer and information processing technology, and it promises to be the
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      Page 2 Advertisements Column 2
      5 2 M*ve to ittmafatte (Wastry... 4
      5 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      66 3 NISSAN L With another dear lead in sales for Singapore and Malaysia in 1982, we add For a QUARTER OF A CENTURY, the NISSAN-TAN CHONG PARTNERSHIP has served you faithfully in Malaysia and Singapore We will continue to serve you better. 7*cUloun,ctiAtoHt&t4aKcCfitieKcU: f m cIaK&JSKi NISSAN So Many Ways Better
      66 words
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  • OVERSEAS
    • Article
      Lock icon US forecasts slowest post-war recovery
      670 4 AP Reuter IN an uncommonly pessimistic outlook for 1983, the Reagan Administration is predicting the slowest recovery from a recession in the US since World War n, with unemployment sticking above 10 per cent. The still-internal forecast, confirmed by administration sources in Washington yesterday, is
      AP; Reuter  -  670 words
    • Article
      Lock icon SMALLEST TV UNVEILED
      312 4 UPI THE world's smallest television set, slightly larger than a package of cigarettes, was unveiled on Thursday for 70,000 delegates attending an industry trade show in Las Vegas. The 2V«-inch screen is housed in a set measuring about three by four inches. It has a thickness of
      UPI  -  312 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      739 4 y ARRIVALS Service Local Operator Number Time From CLUX CVT96 0645 LUX/DXB SIA SQ101 0615 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL CPA CX710 1030 HLP MAS MH811 1040 PEN SIA SQ103 1100 KUL GIA GA960 1100
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    • Article
      Lock icon AT & T, Philips to form affiliate in Europe
      483 4 AT T, Philips to form affiliate in Europe AFP TIMES are changing in the world electronics market, with the US and Europe engaged in a frenetic game of industrial musical chairs in a bid to keep Japan out in the cold. The pace is currently being set by the US
      AFP  -  483 words
    • Article
      Lock icon UK trade minister emphasises continued support for Hongkong
      353 4 AP Reuter BRITISH Minister af Stole far Trade, Peter Ben, has emphasised Britain's continuing eammeretol and palltleal commltmeat to Haagkaag, which to tranhled by aaeertelaty aver Its fa tore. China's lease af mast af the territory af Haagkaag te Britain m aat
      AP; Reuter  -  353 words
    • Article
      Lock icon Computer pioneer to sell 10pc stake
      707 4 Reuter CLIVE Sinclair, who made millions of pounds from the small computers he pioneered, has taken the first step to give investors a share in his success. The mild-mannered British business maverick has decided to 9ell 10 per cent of Sinclair Research, a tiny
      Reuter  -  707 words
    • Article
      Lock icon Thatcher adamant on her economic policies
      636 4 NYT BRITISH Prime Minister Margaret Thatcher has sent out a clear signal she intends to persist with her economic policies, at least until the next general election. This was evident from Thursday night's cabinet reshuffle in which the economic portfolios were left untouched. The
      NYT  -  636 words
    • Article
      Lock icon Gandhi ousted from power in South India
      486 4 Reuter INDIAN Prime Minister Indira Gandhi suffered her worst electoral setback in recent years when her Congress (I) Party was ousted from power in state elections in South India on Thursday. The party, so far virtually unchallenged in the southern states of Andhra
      Reuter  -  486 words
    • Article
      Lock icon Concern over souring Egyptian-Israeli ties
      570 4 UPI AP ISRAELI President Yitzhak Navon yesterday expressed his concern to President Reagan over the deterioration in relations between Egypt and Israel since his nation's invasion of Lebanon. Navon, speaking in Washington at the end of his US tour, gave no hint of his plans
      UPI; AP  -  570 words
    • Article
      Lock icon PROPOSAL IS NOT NEW
      306 4 NYT THE Reagan Administration. after studying the Warsaw Pact's call for an EastWest non-aggression treaty, yesterday said that, "at first glance, it does not seem to represent anything new". The lengthy Soviet-bloc statement was under study by the State Department, White House and Defence Department experts
      NYT  -  306 words
    • Article
      Lock icon France cuts rates to stimulate industry
      279 4 Reuter FRANCE announced interest rate cuts in a move to stimulate industry, but employers believe their effects will be limited. Finance Minister Jacques Delors said he had called on the banks, most of which are state-owned, to lower their base lending rates. Credit Commercial
      Reuter  -  279 words
    • Article
      Lock icon Reagan unlikely to win again
      192 4 AFP PRESIDENT Ronald Reagan would be soundly beaten by either Democratic Party challenger John Glenn or Walter Mondale if a presidential election were held now, the latest Gallup Institute poll has shown. In the first poll carried out since Senator Edward Kennedy announced he was
      AFP  -  192 words
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  • TRADE AND INDUSTRY
    • Article
      Asean moves to stem falling plywood price
      466 5  -  By JUNE LIM PLYWOOD manufacturers In Asean have taken a step towards stabilising the price of the product. At the ninth council meeting of the Asean Panel Products Federation in Manila on Dec 13 and 14, members agreed that: The minimum price for
      466 words
    • Article
      MEMO PAD
      1135 5 SEMINARS AND COURSES Jan 3-14: Section Leader Course, NPB Jurong Centre, NPB Jan 3-14 (Mondays, Wednesdays and Fridays): Industrial Safety and Health Course for Supervisors, Cuppage Centre, NPB Jan 3-17 (Mondays, Wednesdays and Fridays): QC Circle Leader Training Course, Cuppage Centre, NPB Jan 3-28 (Mondays, Wednesdays and Fridays):
      1,135 words
    • Article
      Self service at Yaohan's single-floor Jurong outlet
      485 5  -  By JOHN LIM YAOHAN'S latest outlet, scheduled to open in Jurong in March, will be an experiment for the Japanese retail chain in Singapore. The 3,000 square metre store, occupying the space left vacant by John little Hypermarket, will be Yaohan's smallest outlet
      485 words
    • Article
      Surveyors will visit HK to gain MRT experience
      256 5 A DELEGATION from the Singapore Institute of Surveyors and Valuers will visit Hongkong on Monday to gain first hand experience on surveying work for the Mass Rapid Transit system. The 13-member team is from the institute's land surveying division and will be
      256 words
    • Article
      Companies lack teachers for Best programme
      500 5 COMPANIES which are sending their workers for the Basic Education for Skills Training (Best) programme have not been too successful in getting their own teachers. More than 20 of the 60 firms taking part in a pilot Best project starting this month will be
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    • Article, Illustration
      TRADE TALK
      244 5 A MOTOR-CYCLE can provide the power to drive anything from a hand drill to a water pump by using a power take-off kit developed by an Australian company, Thornhill Pastoral Company. The power take-off operates from an adaptor fitted to the motor-cycle's magneto and can work from any
      244 words
    • Article
      Computerised system for chemical traders
      457 5  -  By LEE YOKE MENG IP SHARP Associates has launched a computerised information and trading system which will allow chemical producers, traders and consumers around the world to buy and sell chemical products electronically. The service, known as Electronic Markets and Information Systems (EMIS), will be
      457 words
    • Article
      Interbras sets up regional office
      167 5 INTERBRAS, a Brazilian national trading company, has set up a regional representative office here to tap the market potential of the Asean region as well as India, Bangladesh, Pakistan, Sri Lanka. Australia and New Zealand. Its regional representative, Mr Palo B Barreto, said it is
      167 words
  • Article
    SHIPS IN POST
    967 5 VnmI B«rth KEPPEL WHARVE Barber Terrier 35/6 Camlllia 29/30 Ocean Resources 24/5 Pavlodar 31/2 Pacific Viking 47. Vivien 33/4 Palm Sea Horse 15/6 Talsho Maru 25/6 Tutong 20E Equator II 22 Kaenary 29/30 Kota Berjaya 33/4 Mercs Ruhunu 37 Silver Light 20W Shina Maru 19 Sumbawa 31/2
    967 words
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  • Article
    Your IC please, Mr. Monkey
    466 6 IT USED to be easy to tell the difference between Man and Monkey... until anthropologists, anatomists, primatologists, paleontologists, palaeo-anthropologists and all sorts of people with tongue-twisting job titles came along. Inspired by Darwin, who first suggested that God created monkey which became man, some of
    466 words
  • Article, Illustration
    Lock icon Home is still the place for American families Home is still the place for American families
    1370 6  -  By NADINE BROZAN NYT THE American family may be undergoing drastic changes, but its members still prefer to spend their free time with one another and, by and large, to pursue their leisure activities
    NYT  -  1,370 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      166 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 Tunes has |ust the space for you You'll be reaching a very select group of
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1339 6 SINGAPORE 5 12.50 PM Opening folowed by Sesame Street: The letters J and X are featured, and so is the number 8. 1.50 Blackstar Search for the Starsword: (Cartoon) 2.15 Saturday Matinee Magnificent Obsession 3.55 World Cup Soccer 82 Spain Vs Nest Germany (Second Round Match) 4.45 Malay Movie Sesuatu
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  • Article, Illustration
    Lock icon Ningyocho keeps traditions alive
    1237 7 Ningyocho, once one of Japan's major shopping areas, has been caught up in the process of modernisation but still manages to preserve its heritage Focus Japan MOST visitors to Japan haven't the foggiest notion what Ningyocho is. And little do they know that when they board
    Focus Japan  -  1,237 words
  • Article, Illustration
    Lock icon Quantity v quality
    1005 7  -  Colin Chapman on the problems of Australia's wine industry Colin Chapman FT ALTHOUGH, mercifully, Emu wine and Chateau Kangaroo are dead and buried, along with much of the old Earls Court mythology of the *****, the Australian wine industry is still beset with the same problem its
    FT  -  1,005 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      227 7 Exciting....Dramatic.... Haunting.... if ■J--THE MOSQUITO COAST is the brilliant new novel by Paul Theroux Convinced that America is hurtling towards total annihilation and swept up by his disgust for the twentieth century, Allie Fox, an eccentric, slightly crazy inventor, is not content to merely dream of escape from a corrupt
      227 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      159 8 ^<+$:(@/~-:^)_-|\|!._>|^|*(.=|' Singapof. rWm l C c a oi U^^^ r ,d w. thero THE GYPSY GOES WESTERN... The Gypsy, versatile 4 piece band, goes country and western at theTreetopsbar, with boqts, Stetsons, Western gear and music. From 5.00 pm to 12.00 am Mondays to Thursdays (except Tuesdays at 6.00 pm)
      159 words
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      Page 8 Advertisements Column 2
      173 8 f til; For sushi. For teppanyaki. For other authentically; Japanese delights. Jil.'lt,' I 2 'ii >' >n >' r>i t) ■>'{) p ni 111 U 1 > mi hor reservations c(j// 7'U C H)77 <*iiHii*\ I 'sirk Slirnilon i »«>■*«' N.i Hi S qap< T. Oij»" i-.'-jrvANA HOTELS'NIH ->\A T
      173 words
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      Page 8 Advertisements Column 3
      196 8 L'escargot. Restaurant extraordinaire. (Our menu is a gourmrt'sclHight) 086ROI IMPERIAL SJNGAPOREV i jalan rumba Singapore telephone no /i/iw* Owning Company Hind Hotcfc lnt«f rvatiooil Lid Experience superb Seafood jj: in continental ambience. and unique Chiril l i r A S& ~%oa~Sffimtre Please call *****83 for reservations. Uil PLAZA HOTEL »l.
      196 words
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      Page 8 Advertisements Column 4
      196 8 Jazz up your favourite drink with the Louis Tan Thiee-O. I t I Sl Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night.* It's the nicest wav to m up \our favourite Jnnk. nctpt Sweda> A great place to be Dine in the
      196 words
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      Page 8 Advertisements Column 5
      130 8 to the musk Sink into a soft chair in your own coay spot, a cool satisfying drink in your hands. Ratax, in tha baat way you know. And when the drinks finally hit you, let your thoughts melt while the music of THE THUNDEft BIRDS fills your heed. Drop in
      130 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      799 9 COFFEE: Robusta coffee futures at midday were between £34 and £20 a tonne below Thursday's close in main traded positions. Futures volume yesterday morning totalled 1,663 lots and included 80 options and 197 self trades. SUGAR: Raw sugar futures were barely maintained yesterday morning but closed at midday
      799 words
    • Article
      RICE
      328 9 SINGAPORE: Yesterdays 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 0.72, 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.
      328 words
    • Article
      Produce exchange
      177 9 CHINESE Pnimee Exefeuge, Stagapare, mm dNta| pricM per 1M M yeafertay. CwMit ail: Bulk fob 196.00 sellers, old drum (in second hand drum) fob (109 00 sellers, new drum fob $113.00 sellers. C«pn: Mixed (loose) $55 buyers. Pepper: Muntok white pepper fob Asta NLW $360.00 sellers. Sarawak white
      177 words
    • Article
      RUBBER
      257 9 THE RUBBER market in Singapore yesterday closed easier with January One RSS buyers quoted at 161.25 cents per kilo, down 2.25 cents compared with Thursday's close, dealers said. The morning market weakened 1.50 cents on a general lack of buying support in quiet trading. Prices continued to drift lower
      257 words
    • Article
      TEXTILES
      197 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttmm yara: China Blue Phoenix 20s 2,340; 32s 2,890, 40s 3.190 (per bale of 400 lbs). Pleec km4b: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      197 words
    • Article
      PALM OIL
      136 9 THE Malaysian crude palm oil market yesterday closed easier on short selling in moderate trading, dealers said. In Jan position, north fell Msls to M 5792.50 per tonne while south and central lost Mslo and M 52.50 respectively to M 5795. Feb in the south was traded at
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    • Article
      Prices fall to 7-year low
      292 9 RUBBER STARTED the new year by dropping to a new 7-year low of 163 cents (S) per kilo, in continuation of the recent easier trend, says Hallday, Cutler and Balk in its rubber review for the week ended Jan 6. Renewed liquidation of January One
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    • Article
      CLOSING PRICES
      30 9 Rubber; Jan 7 Singapore: January: 161.25 cents (down 2.25 cents) Malaysia: January: 183.50 cents (down 0.50 cent) Tin: M 529.15 per kilo (unchanged) 197 tonnes (up 72 tonnes)
      30 words
    • Article
      STRAITS TIN
      46 9 THE STRAITS TIN price in Penaog was unchanged at the ITA floor level of M 529.15 a kilo yesterday, dealers said. They noted the buffer stock manager absorbed most of yesterday's higher disposal of 197 tonnes against the previous 125. Rationing was not detected.
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    • Article
      RAS PRICES
      326 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers tat 1 R.S.S. prompt (.o.b. ***** 164 OON tat 1 R.S.S. January 162 50 163.50 tat. 1 R.S.S. February 1« 50 187 50 tat 2 R.S.S. 161.75 162.73N UK/Coot 159 75 160.75N tat. 3 R.S.S. 160.50
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    • Article
      SSR and SMR
      80 9 NOON SSR «ad SMR pna j maunUy RA8 SSR SSR SO (l-toa pall* O-ioo pall* Juatry (Carraal Mtkl B«7«n Stlkri 153.00 *****N 149.00 150.00N February (Forward Mth) Btyert 8»U*n W* 154.00 156-OON 1SO.OO 15I00N»MRELB Juury Pcbrvftr) SMRCV SMRL SMR S SMROP SMR 10 SMR 20 SMR 90
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  • INTERNATIONAL STOCKS
    • Article
      Brussels
      88 9 JAN 06 Fn FORWARD MARKET Acec 502 uncb Arbed 900 Aslur 282 -3 Brajcan 802 58 Cmnptc Ooefc 1436acd 85 +18 -I De Beers 333 *11 Ebes 1900 *30 Electrobel 4530 *50 Ob-Inno-Bm 2745 -25 Oev 1760 *5 Or Bru Lamb Hobok 1440 3520 10 -90 Petro Ryl Dutch
      88 words
    • Article
      Milan
      78 9 Butofl 1« -4T5 OnnkM Cond Aequa Raoa an IK 1 -41 -1 PtetOnl OaoaraU Q4n in 16M -S loaooo -aas inpri* Ia*Mt lttlnmoUCM— 4. ItftlfU L*p«Ut Ord moo +io IMS uncb TWO -300 100 -4 Madlotanca Mllano Am Ord Mondadorl Pit* Monttdlaon 4M0 -TOO 1X100 >100 3131 -30 100
      78 words
    • Article
      Frankfurt
      85 9 JAN oe Dm Aeg-Trtefunken 30-50 -Q_3 BASF ■m -1 Bayer 119 40 -1.2 BMW 230JO -Z5 Commerzbank 136 00 *0.2 Contl Oumml 7130 -0.6 D&lmler-Beru 38#JO -1A Depust Demag *****6 Deutache Bant 273.50 -23 Dresdner Bank 147 JO -V2 OHH 17X006 Hoesch 32-30 -oi Horten Karsudt 120.00 201.50 •1
      85 words
    • Article
      Zurich
      174 9 JAN 08 AcUons Sulsees rraaca no MB 107 10J5 to JO 10 10 Clta CM*j Br. Cite (Mo P C 1866 1310 UK IM1C7 1MB. Cradlt 8uJan Br m MO -2 CM Sulae Rag Ktoktrovstt Br. Oaorft naetMr Br OlobuaPc HarnRr I'M uneh mo !> BO uwh err +7
      174 words
    • Article
      Amsterdam
      184 9 JAN 06 Fla ARM 308.00 l Ahold ***** 4-5 AkJO 36.90 0.1 AMEV 104.00 -0.4 Am fas -0.6 Amrobnk 46JO 03 Bergoas Berk 20 70 -03 Boll 7100 -13 Borsucer 116.00 -2 Boska 31 JO *23 Burtet 34.00 0.5 C aland 2830 -0.4 CaW ***** 73 Dell lilj 62.00
      184 words
    • Article
      Paris
      101 9 GROUP B Carre four Financier* de L'Union Lafarge Moet-Hennessy Opfl-Parlbai 1318 »70 MO 819 113.10 -27 0.1 -2 -1 0.7 Penarroya Radio technique 48 40 347 0.1 2 GROUP C Compagnle Bancalre Oenerale Occidenlaie I metal L'oreal Rouaael-Uclaf Schneider SA Shell Transport k Trading 252 380 50 SW 238
      101 words
    • Article
      Stocks at new high
      973 9 NEW YORK THE DOW JONES industrial average soared to its highest closing level on record as visions of an imminent economic recovery gripped Wall Street on Thursday. "The market was propelled by a deepening conviction that the recovery is falling into place," Monte Gordon of Dreyfus
      973 words
    • Article
      TORONTO
      199 9 JAN 06 Ct AMHhl 44 Alcan MH 1H Algoma 38 •f 1 Bank Mont 2S't Buik Not* ScoUa -H Bell Tel u H BP Can Lid 42* K Brascan 23W Camp Red Lake Can Imp Bk 31 Can Prm Mg Canpac «i» Carting 0"Keef«_ U* Cm bl Rd Lk
      199 words
    • Article
      JOHANNESBURG
      283 9 JAN 08 Rand 4/INDUSTRIALS A Alpha Abercom AE And CI isT" Barlows C O Smith CNA Currte Finance De Beers Ind Edcon Ed fart FedVolk ruftt Oratemn Hive Id Lib Holds Lonrho LTA M And R Mccarth; Messina Metbox Nampak OIL Ok Baa Pep Plknpai Plate Gl Pp Cement
      283 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      6 9 See Page 11 for Asian stocks.
      6 words
    • Advertisement
      Page 9 Advertisements Column 2
      216 9 START PLANNING YOUR VISIT NOW! Wood/Furnima'B3 Exhibition and Conference World Trade Centre Singapore 10 14 January 1983 WDQ 1 Come January 10-14, Wood '83, the Third International Forestry, Timber Processing and Woodworking Exhibition will be held concurrently with Furnima'B3,the Third International Furniture, Machinery and Accessories Exhibition. The combination of these
      216 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2275 10 BID and offer prices officially USted and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Aetna (2J288 2.408)
    2,275 words
  • Article
    Unit trusts
    191 10 MWtfOMUMTHWT DIAMOND MOT 8TOU (Manager*' priw tar tali Dec Diamond Spore Fd(USI) 0.8 SI 1.1C INCOME BOND UNIT t The Commerce The Savings Fund S pore Prog Fund S pore Sec. Fund S pore Invest Fund S pore Equity Fund 2 88 3 03 i.a in ur i
    191 words
  • Article
    SHARE INFORMATION SERVICE
    3000 10 IMS High Low Conpany Last Sale +or- Gr's Div Div CVr Gr's YTd Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 360 1M Z33 334 322 141 220 201 «ao as 490 080 1330 480 MO 480 1040 440 -mo 326 700 325 200
    3,000 words
  • Article
    In Kuala Lumpur
    1808 10 BID and offer prices officially listed and hurlrw In and reported to the Kuala Lumpur Stock Exchange yesterday. with the number oi chare* traded shown in brackets la Mi 1.000 units unless otherwise specified. iMHtmuAm IJMiwrti (3.1(B) Akmm (1638 IMS) (15) 1.C7 («0) 1 62 (B) 1
    1,808 words
  • Article
    Shares rally strongly
    861 10 ENCOI'RAGED by aa evernight rally sa the New York market, Ural balls ceattoued U dsmlaate trading at the stack exehaage yesterday. Bat Intermittent beats •f profit-taking In the afterneaa prevented the market fram staglag a sharper rally. The 99-ceaater Straits Times ladastrial ladex, which had galaed Ml
    861 words
  • Article
    Kuala Lumpur broadly higher
    509 10 AN overnight rally on Wall Street boosted sentiment on the Kuala Lumpur stock market yesterday, sending share prices broadly higher in more active trading. Interest was strong from the opening bell and the steadier note prevailed for the greater part of the day. Some light profit-taking
    509 words
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  • COMPANY NEWS
    • Article
      Lock icon American Bell begins data network service
      614 11 Reuter AMERICAN Bell Inc, formed by American Telephone and Telegraph Co to market telephone and computerised services at unregulated prices, began operations on Monday with 700 business locations and 28,000 employees. Industry analysts believe the company's financing needs over the next four years will
      Reuter  -  614 words
    • Article
      Lock icon Kuwaitis face charge
      71 11 Reuter THE government has decided to proceed against 12 Kuwaitis, including a woman and a parliamentary deputy, following last summer's multi-billion dollar stock market crisis. Officials gave no details of possible charges to be brought against them, but said they would be questioned by the prosecutor. The
      Reuter  -  71 words
    • Article
      Lock icon JAL expects 30bn yen loss
      253 11 Reuter JAPAN Air Lines Co Ltd (JAL) has forecast a recurrent loss of up to 30 billion yen in fiscal 1982 ending March 31, 1983, its first ever loss and almost double an earlier forecast loss of 15.7 billion yen. JAL president Yasumoto Takagi said
      Reuter  -  253 words
    • Article
      Lock icon Jardine Fleming to take up JF Special shares
      352 11 Reuter JARDINE Firming (Securities) Ltd has imaged the placing wit* a aamber af Institutions of seme 45.7 million existing partly-paid shares aad warrants to sabscribe 11 million shares la JF Special Holdlaga Ltd. It aald discussions are being held with certain of
      Reuter  -  352 words
    • Article
      Swedish stocks return best value to investors
      1029 11  -  Market Talk By CHAN OI CHEE AMONG the world's stock markets, Sweden gave the best returns to local investors during the 11-month period to Nov 30, last year. But investors who put money in Hongkong equities were the hardest hit. According to a
      1,029 words
    • Article
      Lock icon Harvester discloses refinancing details
      191 11 Reuter INTERNATIONALHarvester Co revealed in a proxy that the company in its recently restructured loan agreement had entered into a debt refinancing arrangement with several banks in which its directors are connected. The proxy named Northern Trust Co, US$7 million outstanding; First Interstate Co of California,
      Reuter  -  191 words
    • Article
      COMPANY BRIEFS
      87 11 THE Kuala Lumpur Stock Exchange has queried PabIte Baak BM on a Business Times article which said the bank may be proposing a bonus cum rights issue this year. Foreign ownership of the issued share capital of Tat Lee Baak and Tat Lee Finance as at the end
      87 words
    • Article
      Lock icon Plessey links with Scientific Atlanta
      625 11 NYT THE Plessey Co, a leading British electronics concern, plans to buy up to 30 per cent of Scientific-Atlanta Inc as part of an arrangement that will lead to broad cooperation between the two companies. The companies would form a joint venture to market cable
      NYT  -  625 words
    • Article
      DIVIDENDS ANNOUNCED
      406 11 CWTMt Bi Baaka Date TMIhr Tatal far Paymeat Date Qaae PayaWe the year Prtfted year AllMChae 7* Jan 3 Jan 9 Jan 18 7* 7* 10*1 Jan 7 Jan 19 Jan 26 10* 17* B«irin< 5*1 Dec 13 Dec 23 Jan 17 5* 20* B»itw<ri 5*1 Jan 10
      406 words
    • Article
      SCRIP ISSUES
      129 11 C—f—j Particulars Ex Date Buhl ChK Hmk Le*ag Fla Proposed bonus issue NYA NYA of 7 for 10 Proposed rights issue NYA of 7 for 10 NYA $1.80 per share NYA NYA M GUM Proposed rights issue of 4 for 5 <e, H 00 per share NYA NYA
      129 words
    • ASIAN STOCKS
      • Article
        Sydney
        421 11 WALL STREET'S advance and demand from London combined to drive the Sydney market up strongly yesterday, brokers said. The All-Ordinaries index rose 9.7 points to 515.6 with the all resources index 12.3 higher at 407.3 and the all industrials marker 6.5 ahead at 650.1. Market leader BHP rose 20
        421 words
      • Article
        Prices finish firmer
        403 11 HONGKONG STOCKS IN Hongkong yesterday closed firm at the day's highs amid late speculation over a local interest rates cut, dealers said. Prime rate was last cut, to 10.5 per cent, on Dec 29. The Hang Seng index closed just below the 800 mark at 798.86 after
        403 words
      • Article
        Tokyo volume at year's record
        541 11 THE Tokyo stock market average yesterday gained 48.78 points to close at a record 8,169.29, on the heaviest trading volume since May 1, 1981 of 950 million shares, dealers said. This was the third successive day the average has posted a record finish. The sustained
        541 words
      • Article
        Bangkok
        135 11 SHARE prices in Bangkok yesterday closed slightly higher in weak trading which centered around finances, dealers said. jan in Bahta Aokham Tbtl Asia Fibre AniUi&j* In* And Trust U7 J Banckok Bank Bank Of Ayudhaya Ma -i Ltd 1M 41 Bala Shoe Berll Jucker TT» Cha/oooc Thai Wire 304
        135 words
      • Article
        Manila
        129 11 SHARE prices in Manila yesterday closed firmer on an sharply increased turnover of 7.05 million pesos compared with 4.13 million on Thursday, dealers said. JAN 07 P Aco)« Mining Anglo Phil 1 A pn Mining B < CM >■001 unch >011 unch AUu Con B HJO +43 Bagnio OoM
        129 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      97 11 A local stockbroking firm has a vacancy for the post of: RESEARCH ANALYST Analytical skill, proficiency in report writing and a good understanding of economics and market conditions are the qualities which the candidate should possess. Experience in a similar or related field, although not necessary, is useful. The successful
      97 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      157 12 Rises Indices Loytape 340 42 C Sugars 1060 30 Jan 6 Jan 7 MBF Hldg* Hong Leong lad 492 705 30 25 BT Indicator: *****3 *****3 Toag Meng BAT 235 23 ST Industrials: 716.38 725.04 330 22 ST Finance: 1728.36 1741.13 Nat Iron 605 20 ST Hotels: 980.50 983.17
      157 words
    • Article, Illustration
      KUALA LUMPUR
      197 12 Rises E A I 800 80 Central Sugars 1190 80 Loytape 374 44 H L Ind 780 30 Tong Meng 258 +n M B F 540 20 FAN 755 15 Sel Dredge 470 14 Gadek 296 13 NBT 250 10 Jacks Int'l 424 12 Gold Coin 394 10
      197 words
    • Article
      Selected indices
      45 12 FINANCIAL TIMES INDUSTRIALS Thursday #15.1 Wednesday 812.7 Week Ago 593-6 DOW JONES AVERAGE INDUSTRIALS Thursday 1070.82 Wednesday 1044.88 Week Ago 1047.37 H.K.HANG SENG 798.86 772.50 Week Ago 783.82 AUSTRALIAN INDUSTRIALS Friday .050.0 843.5 WhIc Abo .821.6 ALL ORDINARIES 515.6 505.9 Week Ago 485.5
      45 words
  • Article
    LONDON STOCKS
    880 12 EQUITIES opened higher in moderate trading yesterday following Thursday night's record gains on Wall Street while bonds were easier reflecting the weakness of sterling, dealers said. The Financial Times Index at noon was €16.5, up 1.4 points. Leading equities were marked higher across the board with Beecham up
    880 words
  • Article
    Tan to resign as Malayan Breweries chairman
    358 12 TAN SRI Tu Chin Tua Is mlplig as chalrmaa of Mtlayu Breweries. News of this rome* almost Immediately after his ———I that he Is retiring as chairman «I Wearae Brothers Ltd, and raises spccalattoa that he will be stepping dowa seen from the
    358 words
  • Article
    Chng's takeover bid for Leong Huat fails
    536 12  -  mil» Companies Editor: Mano Sabnani By NAJEEB JARHOM THE Securities Industry Council has not approved building contractor Chng Gim Huat's three separate agreements to acquire 3.85 million shares in Leong Huat Industries Ltd from property developer Ho Kok Cheong and four other parties.
    536 words
  • Article
    Malaysia's new 'sogososha'
    349 12 Eight of Malaysia's top companies and two individuals will participate in a joint venture for international investment and trading. The agreement to set up the Malaysian Overseas Investment Corporation (MOIC) was signed in Kuala Lumpur yesterday. The objectives of the joint venture are to invest overseas, to
    349 words
  • Article
    Snag in BMF's debt recovery plan
    620 12 NEW details concerning Bumiputra Malaysia Finance Limited's (BMF) loan involvement in Hongkong suggest that the wholly-owned subsidiary of Bank Bumiputra Malaysia Berhad (BPMB) will find it very difficult to recover loans made to two cashstrapped major Hongkong property companies, at least in the immediate
    620 words
  • LATEST
    • Article
      PERLES
      71 12 lui reported a 11.1 per ent inp in graap attrlba table profits to MS33.K million (fM.ig million prevloanly) for the year ended Sep M, Im. At the parent company level, earning* fell hy a sharper 42.8 per cent to $23.33 million (S4t.TI million). Directors have declared a final dividend
      71 words
    • Article
      KULAN
      25 12 haa declared an Interim dividend of 11 per eeat lean tax of Si per eeat for the w "nritl year eaded Dee 31, IMB.
      25 words
  • Article, Illustration
    Lock icon Steamers for sale?
    941 12 Taking Stock... By Hock Lock Siew EVER since Btralts Steamship was formed way back in 1890, the controlling shareholder has been United Kingdom-incorporated Oeeaa Traaspart aad Tradiag. With Ocean's commanding stake of about 58 per cent of Steamers' issued capital of 250 million 50cent shares, any party
    By Hock Lock Siew  -  941 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      428 12 r v. RISK MANAGEMENT INSURANCE With Special Reference to the MKT 24 JANI ARV 1983, PAVILION INTER-CONTINENTAL HOTEL, SINGAPORE THE CONFERENCE With increasingly larger and more complex projects being undertaken, hazards and risks of a dimension ne\er before encountered will foe experienced. It is therefore imperative to understand, manage and
      428 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 OUTLOOK for today: Fair with showers in several areas in the late afternoon. Reptrt for 24 hoars prior to 7.3# pm on Ju 7 at the airport: Maximum temperature 311 Associated humidity <2 Minimum temperature. 24.3 Associated humidity 94 Hours of sunshine 5.35 Rainfall in millimetres 22.3 Total rainfall for
      60 words