The Business Times, 5 March 1983

Microfilm: NL13967
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, MARCH 5, IKS 60 CENTS
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  • BUDGET HIGHLIGHTS
    • Article
      Cigarette duty up
      66 1 DUTIES on cigarettes and tobacco raised by $S per kilogram in line with government policy to discourage smoking. The import duty on cigarettes, cigars, cheroots and cigarillos will be raised from $45 to $50 per kilogram while the excise duty on cigarettes will be raised from $9
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    • Article
      Rise in liquor duty
      61 1 DUTY ON liquor increased by between $3 and $60 per decalitre. Beer and stout are excluded. New excise duties will be introducted for grape must, still wines and vermouths, sparkling wines, cider and perry, sake and mead and other fermented fruit juices. The increase, which took
      61 words
    • Article
      Car rental tax deduction
      48 1 REDUCTION in tax deduction for companies renting hired cars. From April, companies will not be able to claim tax deduction for the whole amount of rentals and expenses if they hire SZ cars for periods totalling more than 183 days in their accounting year.
      48 words
    • Article
      Petroleum products
      28 1 EXCISE duties introduced on two petroleum products benzole and benzene at the existing import duty rate of $2.86 per decalitre. The new duty takes effect immediately.
      28 words
    • Article
      Loans syndicated here
      59 1 TAX EXEMPTION on all income derived by the Asian currency units of h«wiw and financial institutions in Singapore from loans syndicated here within the next five years beginning from April this year. The exemption will be granted on a case-by-case ha anrf will be applied to all
      59 words
    • Article
      Stamp duty on cheques
      36 1 STAMP DUTY on all cheques, including traveller's cheques, will be abolished from April this year to help Singapore's development as a financial centre. Loss in revenue is estimated at $6.2 million annually.
      36 words
    • Article
      Office automation spending
      49 1 ALL EXPENDITURE on computers and office automation equipment enjoy 100 per cent depreciation in the first year. If the company does not have sufficient profits to do this, the balance can be deducted in subsequent years. This concession will take effect from year of assessment 1984.
      49 words
    • Article
      Earned income relief
      82 1 EARNED INCOME relief for those over 35 years old increased from $2,000 to $3,000 and for those over 80 from $3,000 to $4,000. This is to encourage them to continue working. The increase comes into effect from the year of assessment 1963 and will result in an
      82 words
    • Article
      Allowance for third child
      65 1 SPECIALLY qualified married women can now claim higher tax allowance for the third child. Previously, she was allowed to claim up to $2,000 or 3 per cent of her earned income, whichever is lesser. From the year of assessment 1963, she can claim $2,000 or 5
      65 words
    • Article
      Concession on royalties
      54 1 TAX CONCESSION on royalties received to encourage creative talents such as those of authors and composers. From year of assessment 1984, the chargeable income will be only 10 per cent of the royalties. This concession will allow local publishers to offer better terms to authors and composers
      54 words
  • Article
    Grim — but we can bear it
    715 1  - Grim but we can bear it TAN GIVES TAX BREAKS TO KEY SECTORS By JOHN LIM A SOMBRE Dr Tony Tan yesterday spelt out the economic woes facing Singapore and announced several tax concessions to boost business. Among these are a special fiveyear tax holiday scheme for incomes derived by
    715 words
  • Article
    Cost of computers can be written off
    259 1 COMPANIES buying computers and office automation equipment will now be able to write off the entire cort of purchase in the first year. The expenditure, sometimes in millions of dollars, will be written off against a company's taiahle profit in the year following
    259 words
  • Article
    Tax incentive for offshore loan
    440 1 A SPECIAL tax holiday has been given on offshore loan syndications here in an attempt to put the Republic on a more competitive footing vis-a-vis Hongkong and other WimmiH»! centres In the region. AH income derived by banks and financial institutions from international loan syndications
    440 words
  • Article
    Welcome from businesses
    254 1 MANUFACTURES! ui «mmbMi yctwiij weletaed the badge* aa "realistic, itrauniM" pilty to hiiiiiw weakMr Teh be Mb(, exeeattve director ef the BtogaSS>, deeeribed the Mpt u a "peHey statemeat wttk a tot el prwnfae" tor the Industrial aeetor tat ae reet keeet to the far* sf The
    254 words
  • Article
    New restriction on tax break for car rentals
    192 1 COMPANIES will not get any tax deduction on the whole amount of rentals and txpenara Incurred in hiring cars for periods exceeding half a year with effect from April L Under this new ruling, overlapping rental periods of 'SZ' cars will only
    192 words
  • BRIEFLY...
    • Article
      Settlement reached
      89 1 FIVE directors of Malayan Plant (Pte) Ltd and Amco Pte Ltd, who were sued by the Moscow Narodny Bank (or repayment of more than $17.5 million, yesterday consented to judgement against them of $16.5 million. Mr Mark Saville, QC, (or the bank, told the High Court yesterday the
      89 words
    • Article
      Lock icon US interest rates
      79 1 Reuter SALAMON Brothers' chief economist Henry Kaufman yesterday said he expects a further decline in US interest rates. He told a meeting of the firm's clients in London the rate on 30year US government bonds will probably fall to 10 per cent from around 10 V* per
      Reuter  -  79 words
    • Article
      Lock icon Devastating training
      72 1 UPI THE North Korean Air Force is being trained to devastate at least one third of major South Korean facilities in the first strike in an eventual war. A North Korean defector, Captain Lee Ung-Pyong, 28, formerly assigned to the Ist North Korean Combat Air Division, said in
      UPI  -  72 words
    • Article
      Lock icon Foreign companies
      72 1 AFP FULLY independent foreign companies, as opposed to Joint ventures, will be authorised in China if tentative government plans go ahead. Officials of the Foreign Trade and Economic Relations Ministry in Beijing yesterday Mid between now and 1985, the government will be working out legislation to cover the
      AFP  -  72 words
    • Article
      Lock icon Delegation expelled
      68 1 Reuter INDIA yesterday (oiled an upheaval at the Non-Aligned Summit in New Delhi by expelling a delegation of the toppled Chad government of Goukouni Oueddei. Delegates said the five-man libyaiHbacked delegation, which turned up at New Delhi Airport on Wednesday night intending to claim Chad's seat, was kept
      Reuter  -  68 words
    • Article
      Lock icon Deficit may double
      63 1 Reuter MARTIN Feldstein, chairman of President Reagan's Council of Economic Advisers, yesterday said the 1963 trade deficit may double from that of 1962 to US$BO billion. "We have an extraordinary foreign trade situation where we must be prepared for the 1962 deficit to double to around US$BO
      Reuter  -  63 words
    • Article
      Lock icon Glittering discovery
      68 1 Reuter THE Geological Survey of India yesterday said the country has discovered new gold bearing ore deposits of 6.2 million tonnes in the southern states of Andhra Pradesh And Karnataka. Steel and Mines Minister NKP Salve told Parliament about 952,000 tonnes of such ore have been located in
      Reuter  -  68 words
  • Article
    Page One Comment
    234 1 IN ANOTHEB age, Empcnr Nere BMM while Ratne kinei Bat that was aet aa argameat sgainst Itoe tiling, a peiat prtwi by Teay Taa jnhriiy. Singapore to ant ftrathe safety aa eeeeetiaJ, If aaapea* taealar, eeeapatlea when the wtod to fnm the tteder-dry West Leaa miwisa aai
    234 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      241 1 +`*]''<%.?:/{,[<;>(})/*@]&+&:_; mm k k > li A WEST Germany's political leaders yesterday ended their campaigns for tomorrow's national elections in a heated television debate on several issues Page I AUSTRALIAN Prime Minister Malcolm Fraser appears to have lost his gamble in calling an early election on the issue of trade
      241 words
    • Advertisement
      Page 1 Advertisements Column 2
      99 1 Lynx is synonymous wttft the finest golf gear. now. with their new USA irons and Woods, you have m your hands the most fearsome dubs on the course. new Design USA Irons Close alignment of Wade and shaft Husky profile with sleek, thin top edge Radius added to bottom edge
      99 words
    • Advertisement
      Page 1 Advertisements Column 3
      9 1 More reports on pagts 2, 3, 4 and 5
      9 words
    • Advertisement
      Page 1 Advertisements Column 4
      160 1 :(i"DBD'S.TAR»S^ 2S i£l a*-!. I—*1— •w* -Wfe niiilillliliii; H *<# a I Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not be as difficult as you think. Not if Wayfoong
      160 words
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  • BUDGET 1983
    • Article, Illustration
      Govt share of cake will increase
      1035 2  -  Reports by Lee Yoke Meng and John Lim Lee Yoke Meng and John Lim GOVERNMENT spending this year will take up a much larger share of the country's total income than before. For the fiscal year beginning April 1, a total of $14.67 billion
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    • Article
      FY 83 BUDGET ALLOCATION BY HEADS OF EXPENDITURE
      384 2 Total ExpendRure Recur rent Expem Mve Deveii PMrtEn unit,,, Change over Change mr Change ever Code Head of tqunihii FY S3 FY 82" FY 83 FY 82" FY 83 FY 82" In X $m Sm Sm A Dvil List for the President
      384 words
    • Article, Illustration
      Revenue is expected to drop by $452m
      1132 2 -THE total revenue of $8.87 bfltton projected (or the fiscal year 1983 will be $452.1 million or 4.8 per cent lower than the previous year when revised revenue collections were estimated at $9.32 billion. The drop is mainly due to lower projections from
      1,132 words
    • Article
      $10.87m grant for NPB
      398 2 THE Nattoaal Praiaettrtty Beari (NPB) «01 aeei a flWl arilltoa graat, mi toereaae ef mm thaa IS par ecat tiw the fitetoae year, to totiarifj the aetliaal Mve towvh Mgher preiaettrity. Tile eeatrfkatei, to a large exteat, to the M 4 per eeat toereaae to the
      398 words
    • Article, Illustration
      MRT takes lion's share of allocation
      370 3 W Ministry of Communications Major Items In Recurrent Expenditure THE development of the mass rapid transit (MRT) system will add a large chunk to the total allocation to the Ministry of Communications in fiscal year 1963. The budgeted expenditure of $566.6 million with 82.2
      370 words
    • Article
      MTI to spend $546m more on development
      844 3 THE Ministry of Trade and Industry's budgeted expenditure of $615.8 million for fiscal year 1963 is 10.7 per cent higher cm- $59.62 million more than the previous year. The increase arises mainly from a new loan required by the Public Utilities Board (PUB),
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    • Article
      More spent than expected
      309 3 SALARY iwMim aad higher spending «I edawstlsaal facilities have pM the total eperattag expcaditore tor the gev«■■Mat way beysad the «rigtaally eati■Mtti level. Fbr the llwdil year eadtag March a IMS total reearreat expeaditare whleh aeeeaato tor 45 per eeat sf the total badget for the
      309 words
    • Article
      Higher '82 revenue
      421 3 LARGER than expected contributions from income tax, property tax, motor vehicle taxes, premiums on land sales and dividends from the Monetary Authority of Singapore have resulted in a 18.6 per cent upward revision in the revenue estimates for fiscal 1982. The government now expects to take in
      421 words
    • Article, Illustration
      Defence gets $289m more
      124 4 THE total allocation to the Ministry of Defence is $1.96 billion, an increase erf 17 per cent or $289.2 million over the previous year. This is lower than the average annual growth rate of 19.5 per cent recorded over the period 1979-82. Although the Ministry's expenditure
      124 words
    • Article, Illustration
      $183m set aside for new schools
      580 4 NEARLY a third of the total development spending set aside for the Education Ministry will go into the building of new schools and junior colleges. Some $183 million is targeted for these infrastructural requirements out of a total $568 million in development estimates. Though
      580 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      693 4 ARRIVALS Service Local Operator Number Time Froa MAS MH601 0920 KUL MAS MH682 1000 KCH RBA Bid 1000 BWN MAS MH671 1020 KUL CPA CX710 1(00 HLP MAS MHffll 1M0 PEN SLA SQ103 1100 KUL GIA GA960 1100 HLP SIA SQ201 1130 HLP THAI TG403 1140 BKK
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    • Article, Illustration
      Keeping down the cost of health care
      753 4 SPENDING on health is always a prime area of concern (or governments throughout the world. In Singapore, the task is equally formidable to balance the need for a high quality of service and to prevent costs from getting out of hand. For the
      753 words
    • Article
      All eyes on new projects
      336 4 HOME Affairs thu year will concentrate on two new projects the building of a new fire station at Jurong West and the planning of a new civil defence strategy. These and the provision for ongoing projects, in Particular the implementation of a computerisation system, will
      336 words
    • Article
      $75.7m for Foreign Affairs
      158 4 THE total alto Mitt— tor toe Mfetotry ef Feratga Attain to ITS.7S mUllea, aa taereaae «f $14 iwflfiM ar B4 per eeat aver toe prevteae year. Ike Mtototij'i badge* to ma4e ip «I $$1.7$ mHHea er 814 per eeat tor reeartogeeetoaf^SttLg'toSttt^ tmea ike Mtotolij TirnijiTtw aad
      158 words
    • Article, Illustration
      Priority to public housing
      339 4 PROVIDING that roof over our beads is of paramount concern at the Ministry of National Development when it comes to spending on infrastructural and other facilities. This coming fiscal year, the Ministry will again allocate almost 80 per cent of the total development expenditure of some
      339 words
    • Article
      Finance gets 14pc of budget
      293 4 THE Ministry of Finance will receive some 1257.5 million less thfo coming financial year than in fiscal 1982 because of a smaller volume of funds reserved for loans to industrial and commercial enterprises. Finance's share of the budget is still a strong 14 per cent
      293 words
    • Article, Illustration
      Sufficient resources to avoid cutback in development plan
      2861 5 AFTEB reviewing the pugw <d the Stagapsre MMMay la 1182, Dr Tsay Tti eMuneated the (tmuMtt'i ecsssmic peHey mad elaherated ea the mala aad development estimates far the fl—Hal year IMS, the reveaae est!aihi m well as the tax The following are
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    • Article
      Bill to remove uncertainty in acquisition act
      481 5  -  By LOH HUI YIN UNDER a bill presented in Parliament yesterday, landowners whose properties are acquired by statutory boards for redevelopment would no longer be able to appeal against the acquisitions on the ground that they were not consulted. This clause is contained
      481 words
    • Article, Illustration
      Skills fund collects total of $313.8m
      520 5  -  By BERNADETTE CHOOI THE Skills Development Fund had collected a total of $313.8 million by the end of last year out of which $27.5 million or 8.76 per cent had been disbursed. A further sum of $102.4 million remained to be paid out at
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    • Article, Illustration
      Not much excitement to mark an important occasion
      657 5  -  By RICHARD SEAH A COPY ef Time magazine (or what looks like it from the vantage viewpoint of Parliament's public gallery) kept the Minister for Finance eecupfod for the first hair-bur daring the reading of this year's. Budget a document he hnd
      657 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      71 2 OFFICE MANAGER International Stockbroker A new position of Office Manager is to be established in the Singapore Office of James Capel (Far East) Limited. The candidate should have an Accountancy qualification and at least three years experience in Stockbroking Settlement Procedures, and general administration. Salary is negotiable. Applicants should write
      71 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      226 3 Come to SEC Bit-INN Singapore. Where you turn possibilities into realities. Possibilities have a good chance of becoming realities at NFC Bit-INfV) Where our software programmes let you see your plans through. Helping you make better forecasts for the future. At NFC Bit-INN you will discover a wide range of
      226 words
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  • Page 4 Advertisements
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  • OVERSEAS
    • Article
      Lock icon Bonn campaigns end with heated TV debate
      685 6 Reuter AFP WEST Germany's political leaders yesterday ended their campaigns for tomorrow's national elections in a heated television debate on several issues. The atmosphere became charged when Right-wing Bavarian leader Franz Josef Strauss accused members of Hans-Jochen Vogel's opposition Social Democrats (SPD) of
      Reuter; AFP  -  685 words
    • Article
      Lock icon OECD to look into official credit guidelines
      251 6 NYT AP GOVEBNMENT officials from O OrgaateaUsa far Eesasmle Cesperatlee aai Devefepaaeat aatfsas have agreed Is Bike farther stadies sa Ike Impact ef failing Interest rates sa social credit gaidettaes. They will meet agala la Paris sa April 21-71 ts try ts thrash
      NYT; AP  -  251 words
    • Article
      Lock icon Banco Luso sound, says owner
      122 6 Reuter PANIN Holdings Ltd of Hongkong said yesterday that its Banco Luso unit in Macao has current obligations to depositors of HK$3B million and cash resources in excess of HK$lOO million, in addition to other current assets. Business at Banco Luso's eleven branches in Macao
      Reuter  -  122 words
    • Article
      Lock icon Opinion poll shows Fraser trailing Hawke
      471 6 Reuter AUSTRALIAN Prime Minister Malcolm Fraser appears to have lost his gamble in calling an early election on the issue of trade union power. A new opinion poll published in Sydney yesterday said the opposition Labour Party, led by former union boss Bob Hawke,
      Reuter  -  471 words
    • Article
      Lock icon Industrial production up in three major countries
      432 6 AP INDUSTRIAL production in three of the seven major industrial countries outside the United States rose last November. The three countries were Japan, Italy and Canada. The US Department of Commerce reported that the increase of 0.8 per cent recovered slightly more than
      AP  -  432 words
    • Article
      Lock icon January rise of 2.4pc in US factory orders
      176 6 Reuter AMERICAN factory orders rose 2.4 per cent or US$3.BO billion in January to a seasonally adjusted 1160.06 billion, the Commerce Department said. The January increase is the third straight monthly advance. The latest rise follows a revised 3.9 per cent advance
      Reuter  -  176 words
    • Article
      Lock icon Mexico receives US$5bn loan from consortium
      427 6 UPI AP FINANCIALLY embattled Mexico has received a US$5 billion loan from a consortium of 530 American, Canadian, European and Japanese banks. Mexico's Finance Secretary, Jesus Silva Herzog, signed the loan documents on Thursday in New York with representatives of the commercial banks. The
      UPI; AP  -  427 words
    • Article
      Lock icon IMF tightening surveillance on borrowing
      307 6 Reuter THE International Monetary Fund (IMF) is tightening its surveillance of countries' borrowing activities because of serious global debt problems, the fund's m »n*g4ng director, Jacques de Larosiere, said. It will henceforth issue explicit warnings to countries of their developing debt problems. He said: "Recent
      Reuter  -  307 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        476 6 THE local foreign exchange market was cautious and quiet yesterday. The US dollar opened at 2.0785/00 against the Singapore dollar. It weakened slightly in the morning to hit the day's low of 2.(7785/ 95. However, it firmed slightly to close at 2.0796/ 05. Trading in the yen was
        476 words
      • Article
        PLR
        22 6 THE average rale at which major Singapore bank* are currently prepared to lend to their best customers is 9.35 per cent.
        22 words
      • Article
        ASIAN $
        181 6 ASIAN ASIAN currency deposit Interbank rates as at close on Mar 4: Closing Asian dollar certificates of deposit for prime names on Mar 3: 7 days 1 month 2 months 3 months 6 months months 12 months US MMBMI) Offer Bid 8 15/18 813/16 813/16 811/16 81* 8* 8\ 8s
        181 words
      • Article
        Discount
        48 6 RANGE of prices offered by discount Souses on Mar 4: Overnight: 3'. Call deposits 3'. Closing Boyim Selling 3-month Treasury bills 3 1/16 2 15/16 3-month Bank bills 6 15/16 613/16 3 months CD 6 11/16 6 9/16 6 months CD 71/16 615/16 Source: National Discount Co
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      • Article
        Gold
        298 6 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the session in featureless trading before closing slightly firmer than the overnight New York close. Total sales for the day was recorded at 72 lots while kerb volume at 242 lots. Prompt closed at a wide spread of U*****.50/432.50 an ounce
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      • Article
        Silver quotes
        35 6 N*w York 10 87B 10 70B 10SS 10.T7S Zurich 10 90B 10.77B n.oos ■M 10.87S Singapore rn 10.S6B nin 10.90B HOBS U.OOS Closing prion to US dollar* troy ounce Source: Credit Suisse, S'pore
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      • Article
        Tokyo
        88 6 THE DOLLAR for overnight delivery yesterday closed firmer at 236.60 yen in thin trading after opening at 236.10, dealers said. This was above the 235.90 236.10 finish in New York overnight and the 236.35 close in Tokyo on Thursday. Trading volume was |619 million. The dollar for immediate delivery
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      • Article
        Hongkong
        69 6 THE US dollar was slightly easier against the mark and the Swiss franc yesterday but rose against other major currencies in thin, featnrless late trading. Banknote rates yesterday (HK per 1): US 6.58/6.61 UK 9.88/10.08 Brunei 3.16/3.18 W Qennany -1718/17» Malaysia 2.885/2.896 Philippines 0.66/0.68 Singapore 3.17/3.19 (HK per 10):
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      • Article
        London
        50 6 Opening quotes yesterday: US -1.5128/38 Can -1.8*0/503 Cross 1.2220/23 DMk- 3 6625 6665 D F1 4.0520/62 S FY 3.1030/65 B FY con 72.15/27 F FY 10.3870/4015 Lit 2122.05/2125.70 Yen 357 45 358.15 D Kr -13.1196/325 N Kr 10.8250/365 S Kr -11.2785/905 A us sch 25.72/75 Port 140.28/142.65 Spain -198.72/199.00
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        Treasury bills
        48 6 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 7 to Mar 11: O(fend: $140,000,000 AppM fer: 1273,600,000. Allotted: $140,000,000. Accepted Uds: $99.27 approximately 98 per cent; higher bids in full. Average rate of dbemt aUataneat: 2.875 per cent per annum.
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    • Article
      Lock icon US arms sale policy to Third World criticised
      482 7 AP UPI THE Reagan Administration has been accused of undermining America's defences by selling the newest and most sophisticated weapons to developing nations. Four opposition Democratic senators charged on Thursday that the government's policy on arms sales to the Third World is
      AP; UPI  -  482 words
    • Article
      SHIPS IN PORT
      1056 7 VMMi Bartti Arrival Dapartura KEPPEL WHARVE Frotario 33/4 alongside 5.3/0700 G Lykes 5 alongside 5.3/2300 Iwerl 20W alongside 5.3/0600 Jenhol 22 alongside 53/0700 Johneverett 37/8 alongside 5.3/1800 Langsa 31/2 alongside 5.3/1200 Str Hope 21 alongside 5.3/0630 SO Estero 35/6 alongside 5.3/1800 Talsho Maru 25/6 alongside 5.3/1100 C
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    • Article
      Dismissal of Apple suit causes uproar
      153 7 THE recent dismissal of a counterfeit suit filed by the California-based company Apple Computer by the Taipeh courts on procedural grounds has triggered an uproar among Taiwanese government agencies. The suit, charging nine Taiwanese companies with infringing Apple's copyrights on software programs, was dismissed
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    • Article
      Lock icon London traders expect Opec marker of US$28
      656 7 Reuter ANY Opec agreement in the next week on pricing and production is likely to mean a crude marker price of between US$2B and $29 a barrel. Oil traders in London said this would require Saudi Arabia and other Gulf states to abandon
      Reuter  -  656 words
    • Article
      Lock icon One VTR system soon?
      483 7 Reuter NYT JAPANESE and European electronics, camera and tape companies are likely to agree later this month to replace the three current incompatible video tape recorder (VTR) systems with a single system based on uniform specifications. The video conference, comprising about 120 firms, will hold its
      Reuter; NYT  -  483 words
    • Article
      Lock icon Death anniversary of Stalin likely to be quiet
      500 7 Reuter THE death of Josef Stalin on March 5, 1953, marked a watershed in Soviet history but the thirtieth anniversary of the death today is likely to be passed over in silence, as was the 20th anniversary in 1973. The Soviet Union
      Reuter  -  500 words
    • WORLD IN BRIEF
      • Article
        COUNTERFEIT EUROBONDS
        465 7 BRITISH police this week seized forged Eurobonds totalling over USSI4 million in a series of raids in London and on the southern coast. A police spokesman yesterday said banks and finance corporation* in London and abroad could be unwittingly holding other forgeries, with a face value of several
        465 words
    • Article
      Lock icon Plans under way for trans-African crude pipeline
      383 7 UPI PLANS are under way for a 3,540 km pipeline that would carry Saudi Arabia's crude oil across Africa to a terminal in Cameroon on the South Atlantic for shipment to the US and Europe. The Mideast Report said in its current issue
      UPI  -  383 words
    • Article
      Goodyear to help build artificial heart
      174 7 THE world's largest tyre maker has Joined medical and academic institution in an effort to build a totally implantable artificial heart by 1990. Goodyear Tire and Rubber Co, the Cleveland Clinic Foundation and the University of Akron have begun a venture described by university
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      962 6 SINGAPORE 5 12.50 PM Opening Mowed by Sesame Street: Features the letters "A" and "0" and the number "5" 1.50 Black Star: Cartoon 2.15 Saturday Matinee "Dateks* Invasion Earth: 2150 AD" 3.40 1981 WwMeden Tennis Championships Men's Doubles Finals John McEnroe and Peter Fleming vs Bob Lutz and Stan Smith
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      815 7 t -11-OK CROSSWORD CRYPTIC PUZZLE ACROSS 8 Turn and do trot off (7) 9 Give rein to your desire to gamble, or just think about it <») 13 Figure the rate out afterwards (5) 14 Inside it write "Backward and unskilled" (5) 15 First make out it's not Intentional (7)
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      807 8 Where to wine, dine and entertain with the American Express Card If you don't already have the Card, call *****33 for an application form" .{>-`,/"|:(,-",|}{.*:\!+)}-=^*" .A *1 a 4 3 a u We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars groove to
      807 words
    • Advertisement
      Page 8 Advertisements Column 2
      113 8 0 DISCOUNT during Happy Hoorj from 5.00 pen to 7.00 pen. u CairahUl Lounge F CMHUIH Mn: n C ANHH.L ■A <r=> i i i IM M restaurant ta f, Try our sumptuous delicacies from the Hunan Province. HjkauktAl novoici orcroci m tappM 214, Duneam Road, Singapore 1129 Tel: *****49,*****22
      113 words
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  • INTERNATIONAL STOCKS
    • Article
      New highs yet again
      1301 9 NEW YORK STOCK PRICES on Thursday closed at a new high for the third day in a row as the market reflected Wall Street's euphoria over recent economic news. The Dow Jones Industrial Average climbed steadily most of the day and was up 10.06 at 1400
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    • Article
      Frankfurt
      77 9 MAR 00 AijjTiWuikn Dm 5100 137JO UUO MOJO M5J0 oojo iU -ai +0.1 +u 13 Hoachst Hoaach Hortan IJOJO +0J «U0 41 UOlOOB KB Oonantut Coot) Chunmi mm Undo Minnminr ruiMog) Rw 8T A Mwitoi 333-50 U auo +&t > 1MJ0 +0l5 ***** *l» ninin auo IJ IM40 -I
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    • Article
      Paris
      171 9 MAR OS rn GKOUP B CORBRILLK Air-Liquid* Ml B 8 M C*mim Duoot I486 CSr (TbomaooCradtt rgotw -a *16 ♦8 ♦U Oarraftmr IMS Ftnanctare d* L-Union 86.10 asss—, s Opfl-PirttM 112J0 Pama—fm fj Radiotaehniqua 367 GKOUP C -8 *81 11 17 ♦88 -88 18 D» rrmoe* Hachattc (UbrmirM) Bull
      171 words
    • Article
      Brussels
      83 9 WAR a rn ♦A Of Bra Lamb UM M FORWARD MARKET Acac »7J +4 A** UM V* Mnt Ryl Dutch Sldro Soc Out Belt era MM 1MB UM 1444 -U -s 11 1 unch Bnac*a SM i m •4 unch ■—»w iiw Bohmy A MSB V Mont CASH MARKKT
      83 words
    • Article
      TORONTO
      122 9 c» Had Mar Mia am Abtttbt «u y. j"» Oil BH aicmi m% as i5? aimm «ik au u>i rror Pipt 1% (SuThw —ZnS* t% 55 Bjn» ttom Scotl* >1 y}J* 5*1 TW M anch 52L£a S? w c*n Ltd H*" Meh Brmacan M +1 !?5Zf* «Mll oiwwuh 25
      122 words
    • Article
      JOHANNESBURG
      152 9 MAR 03 Rand Un StMl matt INDUSTRIALS SSSSortto __ZZ £e 75? g J» MINWOfl gar* a 3 *asL, a. ■yg- jSSS iS* i CNA im !~2" m Currim Ptauct m oneh 2S 1 DtBamlnd Syy. We«m g°°i wp» un SjL® ,,r 2* raTvnik rrrr P"» m» men ■sVlii 2
      152 words
    • Article
      Zurich
      61 9 m luci m OD 11 nt UN uw MM 13 unch IM m ti rm ti m unch M M uoeh UB -f ISO H >10 M> -M m no MO NMtto Mac. 3 OwUtoa mo +5 >MUt Bui— ftmdo-Int 74H ♦i* Buehrte Br J HO *i wnaot Br.
      61 words
    • Article
      Amsterdam
      189 9 MAR OS r ASM Ahold h M *5100 41 jrjjo >1 MJO 41 mio 4i 1MB UJI 40 KM 1< KLM 14 KcMta r U0 4(1 *J* 4M IJ0 40J Akan AMTV Amlu Amrobnk S3Boti J J J NltfHO J0J0 4M National Nad 141J0 41 JJadllord lOMO 45 Nmb
      189 words
    • Article
      Milan
      61 9 MAR OS Ur. ■ff* 0 1 X3U0 *5 ■MMUM (MOO a iMs MUmno Am Ort urn wKh JST 75" Otntriu* OrU m IT 2fiZT 1^ J A ?*J d r *"5 Cond Acqua Ran J00 -1 EHSH C J** Pf —--iry ifl Pm ro Mi m ISM IS tS
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      1184 9 COFFEE: Robust* coffee futuret yesterday were between £8 and £1 a below Thursday's doss in traded positions at midday. Prices ended at session's lows after light broker selling at the end morning call Prices traded narrowly steadier for most of the peri od with little feature. New York's
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    • Article
      SOYBEAN
      196 9 SOYBEAN future* in Chicago on Thursday Arm in spot but ranged from up 3V4 cents per bushel in March to off one in distant March. May posted a 4V« cent range. Despite heavy deliveries, spot showed unexpected strength all day on reports of aggressive processor bidding downstate and a
      196 words
    • Article
      WHEAT
      136 9 WHEAT FUTURES in Chicago on Thursday closed on a steady note due to late local buying in sympathy with continued strength in corn, up lit to 2Vi US-cents per bushel. May posted a 3 cent range. The Large Professional House was the featured buyer of July on the day.
      136 words
    • Article
      Produce exchange
      161 9 wrmliZZZ+v u t m CI I immt mt Bulk fob «M.OO sellers, old drum (in second hand drum) fob U07.00 sellers, new dram fob $111.00 sellers. Copra: Mixed (loose) $55 buyers. f'ipii: Muatok white pepper fob AsU NLW $310.00 seller*. Sarawak white pepper taq fob NLW $».00 sellers,
      161 words
    • Article
      TEXTILES
      192 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (la HK dollars, spot ex-go-down) Csttsa yarn: China Blue Phoenix 30s 2.470; 33s 2,900. 40s 3,170 (per bale of 100 lbs). PhM genii: China Butterfly and Globe brand uaq; Dragon Head unq; Five Lambs uaq; Flower aad Butterfly
      192 words
    • Article
      PALM OIL
      148 9 THE Malaysian crude palm oil market yesterday closed easier on pre-weekend selling in moderate trading. In the March position, south region fell Mf7.50 to M|725 a tonne while central and north lost Mss each to M 1717.50 and MJ7IS respectively. In the April position,south eased Mss to M
      148 words
    • Article
      CLOSING PRICES
      32 9 Rubber: Mar 4 Singapore: March: 213.00 centa (up 6.60 cents) Malaysia: March: (233.60 ceaU (op 6.60 cents) Tin: M $29.03 per hilo (up 6.00 cents) 190 tonnes (up 16 tonnes)
      32 words
    • Article
      Straits Tin
      70 9 THE STRAITS til Price i> Peaaag ye* terday rsse Ave cents to M$2».C3 a Idle, still within the IT A iewer rnnge sf Ms».ls and MSXLU. Dealers Altered is their views n bdfer stock mtaiger presence Is the market. Oae saw streag, renewed US, Enrepean, Japanese aid leeal
      70 words
    • Article
      Rubber market eases
      253 9 THE RUBBER market ran out of steam this week in reaction to its month long bull run, with March RSS One peaking at 221 cents (S) last Friday to clone at 206 cents (S) finally, says leS- day, Caller aad Balk in its rubber review far the
      253 words
    • Article
      Lock icon Indonesia likely to import rice this year
      311 9 AP AFTER three years of bumper domestic harvests, Indonesia seems likely to reclaim its portion as the world's largest importer of rice this year. Drought, followed by erratic rains when the monsoon finally arrived, and insect damage has hurt the vital wet season
      AP  -  311 words
    • Article
      RICE
      316 9 SDM2AFOBE: Yesterday's closing prices In S| per kilo, ex-godown: THAI WHITE: ISO per cent Qm ctaß (Kangaroo) new crap 1.08, 100 pa* cat second claaa 0.73, ISO per cent third dasa 0.», a per cent new crop 0.6, B-10 per ccat 0 THAI BROKE»: A-wper 0.0. Special OJK THAI
      316 words
    • Article
      RUBBER
      295 9 RUBBER PRICES IN Singapore yesterday closed higher with March RSS One buyers quoted at 213.00 cents per kUo, up 6 50 cents from Thursday's and ahead of the Budget announcement. Morning prices were marked up slightly on covering interest and speculative buying after a higher opening. The afternoon session
      295 words
    • Article
      RAS PRICES
      270 9 HAS prleaa la canto par kilo ywtertl&r Noon (P» Mto) (pSTSo) Int. 1 R-S.S rapi L tot. 1 RJLS. bird tot. 1 R-S-S. April toL2RJJ. UK/Cow lot 1 RJi-S UK/Com tot. 4 RJ.3. UK/CBat. tot.3R.SJ. UK/Caat Octonf taw. QtfaQr a Forward stoat to cm (tot. 1 rJLs. roe
      270 words
    • Article
      SSR and SMR
      75 9 NOON MB SMR prim <M| 1 IAS Marc (Cii—I •otnl A MU K*r« 1 B«r«n M ■*> aim kn tax so MR to (1-Ma pafet) (1-tMpdbU MUD UMO hum MUM HUH mm HUM HUU SMXCV SMRL SMRGP SMRM SMRH SMRM (l-*i|lln| (1-ta.pafct) n«iHW (I4>S U-taaHM lUapribl) Km
      75 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      40 9 See Page 11 for Asian Dim Sum a must at Northern Village r m trW, Y> Northern Village L I J Seafood Restaurant f 1-4- i;H (irounrt Hour ()rc hard I'la/.a 1 ■">*' r hard Road. Singapore 0923. H Reservation: *****11
      40 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2393 10 BID aad otter prtcaa officially Uatad aad buataaaa la aad raportad to the Slack Exchange at TNpapnr» ymtarda; vttfc —Mr <K afcaraa tradad Moara la brackata la tola of LOM uatta unlaaa othanrtoe f*dttod. Afl Thaaa aatttomeat Coatracta ara qoatod aftar tka
    2,393 words
  • Article
    Unit trusts
    153 10 (FT FtM tar Iter 1) fltHMM* nil Ma* I A T» The Onwm IB The Savings Faad LTT 1 S'porc Prog Fund L4I S'porc Sac Fund LIT Spore Invart Fund 1-12 S'porc Bqtftjr rund L« L« LJtxd L» L» Lit L« Dtaamd S'porc Fd (US|) INCOME BON1 (Cfcmatpri
    153 words
  • Article
    SHARE INFORMATION SERVICE
    3159 10 1 Ml/IMS High Lew Company Last Sale +er- Gr*s Dhr DW Crr Gr*s YTd Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL A COMMERCIAL 300 in sn no an 141 m m 411 480 no un 010 1040 an on MO an no on an
    3,159 words
  • Article
    In Kuala Lumpur
    1916 10 BID aad o(hr prteaa officially Hated •ad butoneas to tod taplrt to the Kuala liimpar Suck rirhaage ym- mjay with the number at nam traded dun la brackctt to iota ai MM units uaieas otbei «toe Bad. nawnuu IJ i Mil (1MB) Atmm (1MB) (12) Ml (M)
    1,916 words
  • Article
    Investors put aside doubts
    360 10 INVESTOBB eaot off Mr SltavmT' Tfc< ImiIMIM ltd feet tew. Mag tatereet «aivtilqrai Wn m Ml petata Mgher the afternoon, aad (M the day 6J6 pM better at OUI «Mb «he ST MhM> SJST*• w The linear Market eoali •lee ktft been Wheeeel 8 52i aS2L
    360 words
  • Article
    Kuala Lumpur prices steady
    640 10 RENEWED buying lifted share prices to a steady finish on the Kuala Kumpur stock market yesterday. A bullish mood prevailed as investors were encouraged largely by the continued flow of favourable US economic news and firmer tin prices, which gain five cents to M 529.63 per
    640 words
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  • ASIAN STOCKS
    • Article
      Market finishes easier
      457 11 HONGKONG THE STOCK market yesterday closed easier with the Hang Seng index ending below the 1,000 level at 905.54, down 17.20 after showing a 10.01 gain at mid-morn-ing. Brokers cited persistent selling from fund managers and speculation that the two closely related companies, Jardine Matheson and Hongkong
      457 words
    • Article
      Sydney stocks close firm
      431 11 SHARE PRICES yesterday closed broadly higher in moderately active trading ahead of today's Federal election, led by sharp rises among mining stocks in late trading. Gold shares and heavyweight mining Issues, after drifting in a trendkss morning session, rose sharply in heavy afternoon trading and closed
      431 words
    • Article
      Tokyo slightly higher
      397 11 SHARE prices yesterday closed slightly higher on hslance in thin, erratic trading with international popular* rising in line with the advance on Wall Street while biotechnology Issues (ell sharply on speculative selling. Hie market average rose 9.88 to 8,014.70 on a volume of 380 miiiw» shares. The
      397 words
    • Article
      Bangkok
      132 11 SHARE prices yesterday closed mostly higher In quiet trading. The Book Chib index rose 0.33 to 111.63 on a turnover of 55 rami™ baht with more 495,000 shares traded. Industrial Finance Corp rose two baht to 13L50, Jalaprathan Cement one to 155J0 and Rama Tower 0.15 to 4430 while
      132 words
    • Article
      Manila
      87 11 PRICES yesterday closed easier on a reduced turnover of 3.33 million pesos compared with 4.09 million on Thursday. mar M 9mm uu S AbM Con. ft UM *1 UW -UM ■mm* OM. B tlM -U CD& LM ♦«LM m pwi hm» r-m m I !>!■>! B CM «Mb MHMjvh
      87 words
  • COMPANY NEWS
    • Article
      Synthetic Resins to seek approval of shareholders for acquisition
      458 11 SYNTHETIC Resins (Malaysia) Bhd (SUM) has told the Kuala Lumpur Stock Exchange that it considers its proposed acquisition of Sarawak Motor Industries Bhd (SMI) "a very substantial acquisition" that falls within listing requirement 4 (8) of the KLSE's listing manual In
      458 words
    • Article
      Kesang to have eight distinct divisions
      214 11 KESANG Holding*' rations ttaa firm exercise will remit in eight separate nnd distinct divisions. Following the rationallaaHon, the eight divisional holding companies will be Kftng Management Sdn Bhd (with a paid-up capital of MH0.000), Keaang Industrie* Sdn Bhd ($1.9 million), ITessng Plantations Sdn Bhd
      214 words
    • Article
      Lock icon If you are game for options, here's how
      574 11 NYT AT SOME point, when stock prices begin to teeter after their dizzying climb to record heights, many brokers in the US will doubtless start singing the praises of potential moneymaking strategies in trading options. Profit possibilities certainly will exist in any
      NYT  -  574 words
    • Article
      IMT is all set to begin afresh
      841 11 THE latest agreement worked out at India Malaysia Textile Bhd Ims finally settled the uncertainties surrounding the »<«■; textiles manufacture» for the past few months. With it, all parties can look back with a sense of relief. Indeed they appear to have emerged
      841 words
    • Article
      Takeover panel clarifies St Piran offer
      178 11 THE Ekitish Panel on Takeovers and Mergers has moved to clarify details of the controversial tender offer by Saint Plran the mining and hmm Imlkllng. group which farms part at the business interests of Mr Jim Baper far shares in Westminster Property. The takeover
      178 words
    • Article
      COMPANY MEETINGS
      184 11 ajJHOUIITU (Malaydi) B«M: Extraordinary general meeting to be at 10th Floor, Kotnplrtr Kewaagan, Jalan Raja Omtlmm g««l« Tjimpnr qq Saturday, March 5, 1963 at 11.00 am. BOOBUM Pal Mai (Malaytfa) liifcil: EGM to be held at Virginia Park, Jalan Unlventty. Petahng Jaya on March 0 at 11 am.
      184 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      227 11 BONVESTS HOLDINGS LIMITED (Incorporated m the R«poWtc of Singapore) (Fonrwr Nmr Industrial Electronic* a EnglnMrtng Limited) Further to the announcement made on 28th February 1963 ("previous announcement") relating to the Scheme of Reconstruction of the Company shareholder* are hereby Informed that:— (1> Aa stated In the previoua announcement, upon the
      227 words
    • Advertisement
      Page 11 Advertisements Column 2
      437 11 8 THE NSURANCE CORPORATION OF SWGAPORE LTD (A Subsidiary of The Development Bank of Singapore Ltd) Toe All Shareholders The Board of Directors is pleased to make the following announcements: (1) Audited Results For The Year Ended 31 December 1962 Year Ended 31.1242 31.1241 Group Company Group Company srooo srooo
      437 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      169 12 Rises Indices G K Lite Bat* 2550 3S6 90S 575 340 303 700 505 560 470 378 346 306 272 213 +50 34 March 3 March 4 PMC Public Buk Public Corp Mu HMfi George Kent S«1 Properties 8ya RmUi Grand Ceatral I C 8 S P P M
      169 words
    • Article, Illustration
      KUALA LUMPUR
      177 12 Rises Indices P Bank 645 Selprop 630 C Sugars 1380 Joh&n 426 KLInd 590 G Kent 840 Tan Cbong 520 MMC 334 Lien Hoe 655 Berluntai 700 Isl it Pen 740 HLInd 975 Toug Meng 288 Utd Est 374 Falls Timuran 590 Inchcape 330 +40 +35 +30 +26
      177 words
    • Article
      Selected indices
      21 12 H.K.HAN< Friday TtinnHilu 3 SENG A. 985.54 1AM HA INDUSTRIALS fiursday Ml.O wtiii mmm 547.8 644.8 NABIS8 512.5 W
      21 words
  • Article
    LONDON STOCKS
    857 12 EQUITIES were generally firmer yesterday, helped by the record ckne on Wall Street though trading was quiet ahead of the account end, dealers said. The Financial Times Index at noon was down 1.8 points at 6G9.8. Among leading industrials, Id rose 2p to 3M, Thorn firmed 5p at
    857 words
  • Article
    Varying forecasts on Sime Darby's interim results
    815 12  -  ■ail Companies Editor: Mano Sabnani By NAJEEB JARHOM ANALYSTS are divided as to what extent the worldwide recession and poor commodity prices in the second half erf 1982 have affected the earnings of the Sime Darby group. Some of them have been less
    815 words
  • Article
    Peak Hua to bid for rest of Lien Hoe shares at M$6 each
    395 12 PEAK Ha» IHHtogi BM will rake a geaeral «Her far the rat «f ahara la Liea Hm UmMm, wUek it 4mm aat already ewa, at M)l per Aan, eeaflrmlag aa earlier Bmataem Timet repert. me eeaflraattea feUawtri
    395 words
  • Article
    Suspension in. trading of UOI shares
    412 12  -  By CHAN OI CHEE TRADING in the shares of United Overseas Insurance was suspended yesterday following a request by the company. The official circular, sent as a reply to a Stock Exchange of Singapore query, did not give any reason for the request except
    412 words
  • Article
    IMT shares
    17 12 TRADING in the shares of India-Malaysia Textiles Bhd has been suspended from 10 am yesterday.
    17 words
  • Article
    Duta Cons traded as designated security
    152 12 TRADING la Ihe riwres sf Data CsassMated was yeaterday restricted to deaJtegs •a aa lassasdtete deivery haste. Iks nriteg task «fleet frsai 16am faUewtag dreelan treat the Stegapare and sleek exile deefctea la tmpsse the was «7"«*r Kaala Ismpar Sleek Rxehaage, wttek dM ast
    152 words
  • Article
    LATEST
    63 12 ait mi ii| mkm tP«tei ft *J p« «Ml iftM to «M MS, ML Ifi inj rl m i njiii ii 111 j «I t»x (mm) t PALMCO JM IMS MMMMi a nap pre tu MUM riOba to x Matte MM DM It, lfß (lUS rita) m inmr rf
    63 words
  • Article
    Higher profits for Goodwood companies
    578 12 THE GOODWOOD group has managed to achieve favourable year-end results in spite of the loss of contribution from profitable Ming Court Hotel, which was sold in October 1981. Gaedwsed Park Hotel, the flagship of the group, still managed to record a 14.5 per cent increase
    578 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      100 12 INVITATION NORMAN DISNEY 4k YOUNG Australian Consulting Mechanical and Electrical Engineers seek appointments from leading Architects, Property Owners and Developers to discuss cost saving aspects of: ENERGY MANAGEMENT SYSTEM TUNING BUILDING MAINTENANCE MANAGEMENT Savings achieved in power and fuel costs by modifications to, and tuning of control systems and redirection
      100 words
    • Advertisement
      Page 12 Advertisements Column 2
      471 12 IC MM!SCOM I RINCkS THK ONKKKKM K The continuing volatility and uncertainty ol the major economies have caused much i-onrrrn to institutional and private investors the world over. Ihe task ot seeking out and id**ntit\inu lucrative hut sound investment markets is tougher and more crucial now than ever hetore. To
      471 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 WEATjHER OUTLOOK for today: Fair. Report for 24 heart prior to 7J$ pm on March 4 at the airport: Maximum temperature 34.7 Associated humidity 49 Minimum temperature 24.7 Associated humidity 92 Hours of sunshine 10.30 Rainfall in millimetres Nil Total rainfall for the month Nil Total rainy days for the
      52 words