The Business Times, 2 July 1983
1983-07-02
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The Business Times
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Title Section11 1983-07-02 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JULY 2, 1983 60 CENTS11 words
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424 1983-07-02 1 LEE YOKE MENG - By LEE YOKE MENG BANKS in Singapore are not likely to follow the example of banks in Hongkong in charging customers a fee for the use of the automated teller machine (ATM). Nor will they introduce, as three banks in Hongkong have424 words
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162 1983-07-02 1 Reuter THE United States plans to protest to the General Agreement on Tariffs and Trade over Japanese restrictions on US food imports, a spokesman for US Trade Representative William Brock said. The US will protest against Japanese import quotas on 13 food Items, including fruit,Reuter - 162 words
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660 1983-07-02 1 CHAN OI CHEE - By CHAN OI CHEE TROUBLED United Engineers Ltd will soon suffer the loss of important agency lines which could cripple its currently viable heavy equipment division. Two group companies, United Engineers (Singapore) Ltd and United Engineers (Malaysia) Bhd, have been served notices of termination660 words
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385 1983-07-02 1 NET PROFIT of Singapore Reinsurance Corporation, Singapore's national reinsurance company, touched half a million dollars last year, three times the $167,060 earned in 1981. Much of the net earnings of $510,000 could be traced to investment income, essentially from fixed deposits and loans, and385 words
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274 1983-07-02 1 Reuter SWEDEN has disclosed detailed plans to set up controversial trades union-led investment funds next year that will eventually own one-fifteenth of industry. The so-called wage earner funds are seen by the ruling Social Democrats as a way of boosting new investment inReuter - 274 words
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BRIEFLY...
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Article70 1983-07-02 1 Bernama SHELL, which has been drilling oil in Malaysia since 1910, says the time is ripe for Malaysia to push hard in search of new oil fields as the country's oil reserves are running out. Malaysia would be a net importer of oil in the mid-1990's unless newBernama - 70 words
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Article46 1983-07-02 1 Reuter THAILAND'S Gross Domestic Product will grow by 5.5 per cent in real terms in 1963. Phisit Pakkasem, Deputy Secretary-general of the National Economic and Social Development Board, said this growth would be higher than the 4.5 per cent growth last year. ReuterReuter - 46 words
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Article33 1983-07-02 1 Reuter BRITISH Caledonian Airways Ltd has agreed to buy the entire share capital of Carrian Far East Airways. However, British Caledonian declined to disclose the terms of the takeover agreement. ReuterReuter - 33 words
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Article62 1983-07-02 1 Reuter AUSTRALIA'S highest court has stopped the construction of a hydroelectric dam in a wilderness in Tasmania state listed as one of the most beautiful regions in the world. Seven judges ruled 4-3 against building the dam, creating a constitutional precedent over the rights of the federalReuter - 62 words
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Article107 1983-07-02 1 Beraama THE Islamic Bank in Kuala Lumpur recorded deposits totalling M 522,500, minutes after launching of its operations by Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday. Dr Mahathir became the first account holder when he put $500 into a current account. The second account holderBeraama - 107 words
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Article59 1983-07-02 1 AFP JAPAN'S unemployment rate in May stood at 2.68 per cent after seasonal adjustments, up 0.36 percentage points from a year earlier but down 0.01 percentage point from the previous month, the Prime Minister's Office said in Tokyo. The number of Jobless people in May totalled 1,580,000,AFP - 59 words
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Article48 1983-07-02 1 Reuter POLAND yesterday devalued the zloty by 7.8 per cent against the US dollar, announcing a new rate of 95 zloties to the dollar. The president of the Polish National Bank (Bank Narodowy) said in Warsaw similar adjustments would be made against other Western currencies. ReuterReuter - 48 words
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Article62 1983-07-02 1 AP THE New York stock market gained more ground yesterday morning, building on the rally of the past two sessions. The Dow Jones Average of 30 Industrials, up 12.73 points on Wednesday and Thursday, rose 0.90 points to 1,222.86 in the first half hour. Gainers outnumbered losersAP - 62 words
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244 1983-07-02 1 JAPAN'S mast aggressive MBpater rump» »y made a msltl-mlllles dollar traace tart* Hhppiw yeatartay. PiJHn, the latest ul alee the largest the Japanese c—ipatet gtaati te wo® ywtcrdty wee the Um'i share af a $U milliea eaatract te —pjpiy fisaipateri te the244 words
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551 1983-07-02 1 RICHARD SEAH - By RICHARD SEAH UPI ARMED with the law, film distributor 20th Century Fox is well prepared to greet the Jedi on his second return to Singapore if he comes in the form of pirated videotapes. A public warning will be made in The SundayUPI - 551 words
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Page 1 Advertisements
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Advertisement237 1983-07-02 1 mm ;ii:ij:viYrn¥! 4 TEN private economists have forecast that US M-l money supply for the week ended < June 22 is likely to show a fall of as much as US$3 billion Page 2 ONLY 10 metal-working companies with higher than normal accident rates responded to a special invitation to237 words
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Advertisement117 1983-07-02 1 The better golfer will appreciate these MacGregor dubs. The rich copper plating visually frames the ball positioning it more precisely for improved accuracy. And the wing-back design concentrates the power to provide the solid hit prized by the better golfer. Now these fabulous clubs are available again. Improved over the117 words
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Advertisement93 1983-07-02 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) MARCELLO z i a Z2ZJZ m pimiw \»wJo* *jsr. Jbi r-^ic^ S A* The Bestof BALLY is to be found at the following authorised BALLY dealers. Bally Boutique Branches Champion Shoe Go. (Lucky Plaza) Chanrai Branches93 words
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BANKING AND FINANCE
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286 1983-07-02 2 Reuter PUBLICISED international bank credits have fallen sharply this year, totalling only US$lB.7 billion in the first five months, compared with the $22.7 billion averaged per quarter last year, the Bank of England said. Commenting in its latest quarterly bulletin, the central bankReuter - 286 words
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187 1983-07-02 2 "THE SINGAPORE branch 'of Taiwan's development bank Bank of Communications opened for business yesterday with initial .emphasis on trade financing, the Asian dollar market and foreign exchange business. The local office in Shing Kwan House at Shenton Way is the bank's first overseas branch.187 words
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Article611 1983-07-02 2 Reuter US M-l money supply for the week ended June 22 is likely to show a fall of as much as US$3 billion, according to 10 private economists polled by Reuters. Their average forecast calls for a decline of {1.7 billion, roughly half theReuter - 611 words
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96 1983-07-02 2 Reuter SECURITY Pacific Corp has received approval from the Federal Reserve Board and the Swim Federal R«n>Hng Commission to acquire 66.65 per cent of Ralli Brothers SA through its Security Pacific Capital Markets group subsidiary. Ralli, a private bank set up in 1966, is basedReuter - 96 words
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250 1983-07-02 2 Reuter WESTERN bankers made progress towards a rescheduling of Poland's 1983 debts but discussions will continue in 14 days' time in Warsaw, banking sources in Zurich said. A small contingent of Poland's bank creditors on Thursday concluded a twoday series of talks withReuter - 250 words
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171 1983-07-02 2 Reuter MARTIN Feldstein, chairman of the Council of Economic Advisers, said that the Reagan Administration's expectation that interest rates will fall is predicated on Congressional approval of President Reagan's budget. Speaking on Metromedia's Panorama Show on Thursday, Mr Feldstein said that IfReuter - 171 words
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488 1983-07-02 2 Caww fcnawt Mmd >t 4> m Matwty VaarR:alaa4 Rat* (I N) amm) if of Ac cm* Wmt accmad Maract) •100.15 ***** ****** ••***** 100 65 103.10 103.30 100 60 104 45 99.25 103 70 103 00 9730 97.30 •***** •*****488 words
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MONEY AND EXCHANGES
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Article49 1983-07-02 2 RESULTS ot tender held yesterday for 91-day Treasury bills to be tamied tram July 4 to July 8: Offered: $150,000,000 Anted tar: 1209,500,000. AfMtod: H50.000.000. Accepted Ude: 999.33 approximately 13 per cent; higher bids in full. Average rate d dtteeaat m alletmeat: 2.640 per cent per annum.49 words
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Article488 1983-07-02 2 THE foreign exchange market remained quiet yesterday. Against the local dollar, the US currency opened at 552.1300/10 and moved in a narrow margin throughout the day to reach a high of $2.1340/50 In the late morning. In the afternoon, the dollar eased to $2.1200/10 before moving up to488 words
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Article301 1983-07-02 2 GOLD FUTURES in Singapore yesterday closed firmer compared with New York levels after fluctuating within a narrow margin. Trading was quiet throughout the day with no new factors affecting the market and total sales was recorded at 26 lots while kerb volume at 299 lots. Prompt closed higher at301 words
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Article35 1983-07-02 2 New York U.58B 11.37B U.MS U.fiS Zurich U.47B U.7CB 11.57S UJB Am We* Singapore U.57B 11 .SOB U.67S U.MS Closing prtc ill US dollars a troy ou no 1. Source: Credit Suisse, S'pore35 words
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Article23 1983-07-02 2 THE average rate at which major Singa* pore banks are currently prepared to lend to their best customers is 8.94 per cent.23 words
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Article183 1983-07-02 2 ASIAN ASIAN currency deposit Interbank rates as at close on July 1: U8MUnK»r<) 7 day* 9H »H 1 month 9 9/16 97/18 2 month* 9H 9H 3 month* 9% S month* 10 months 101/10 oivia 12 months 10 a/16 loi/it Dm. S win. /MUIL 1 month (■JMH men) 4 16/16183 words
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Article45 1983-07-02 2 RANGE at price* offer «d by dt» count bouNt on July 1: Overnight: 3 Call deposits: 2 1 CWxtu 3-month mum Treasury bills 2H 2* 3-month Bank bills 7% 7* 3 months CD 7* 7 0 months CD 75/18 73/16 Source: National Discount Co45 words
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Article51 1983-07-02 2 THE dollar yesterday closed slightly lower at 238.96 yen in dull pre-weekend trading, made quieter by the US holiday on Monday. The dollar rose to a day's high of 239.45 yen soon after opening at 239.40 on light early month commercial settlement needs, compared with a 239.10/30 New York51 words
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Article59 1983-07-02 2 THE US dollar yesterday eased against most major currencies apart from the Swiss franc. Banknote rates yesterday: <HK per 1): US-7.11/7.U UK IMO/U.M Brand 132/3J4 W Germany 2.80/1.82 Malayria —104/1.06 Philippine* 0.00/0.65 Singapore ISIS (HK per 10): Burma -IJO/1* India 6.00/6 JO (HK per 100): lnlmiwf -170/178 Japan 2JB/IMS59 words
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Article46 1983-07-02 2 Opening quotes yesterday: US 1.5333/43 Can 1.8780/8835 Cross 1.2363/66 D Mk 3.8875/8915 D F1 4.36»/» S FY 3.2306/40 B FY coo 77.83/96 F FY -11.6715/6870 Lit 2304.00/2306 J5 Yen 366.06/60 DKr- 13.9885/9» NKr- 11.1640/1790 S Kr 1L 6970,7130 Aus ach 27.38/42 Port 179.04/12 Spain 222.69/9946 words
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Page 2 Advertisements
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Advertisement673 1983-07-02 2 RAINIER NATIONAL BANK AND SUBSIDIARIES (Incorporated with Limited Liability in the United States of America) CONSOLIDATED BALANCE SHEET, 31st DECEMBER 1982 December 31 Cash and Due from Banks Due from Banks, Time Federal Funds Sold and Securities Purchased Under Agreements to Resell Investment Securities: U.S. Treasury U.S. Government Agencies Corporations673 words
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TRADE AND INDUSTRY
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Article, Illustration964 1983-07-02 3 MONICA GWEE - By MONICA GWEE DRINK pink. Yes, even in France where it is sacrilege to drink anything but French wines, Sogrape, wine-maker of Portugal, is planning a pink epidemic with Mateus Rose. The French may be tickled pink about a Portuguese wine competing964 words
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Article773 1983-07-02 3 SEMINARS AND COURSES July 1-Oct 18 (Tuesdays and Fridays): Effective Personnel Management, Waterloo Centre, Personnel A Organisation Development July 2: Receptionist Workshop, Waterloo Centre, Secretariats and Meetings Pte Ltd July 4-5: EDP Operations Audit, The Arcade, I/ACT Pte Ltd July 4-Sep 5 (Mondays and Thursdays): The Administrative Secretary,773 words
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304 1983-07-02 3 THE newly-formed Singapore branch of the International Law Association (ILA) expects to hold its first general meeting in September or October. Attorney-General Tan Boon Teik, president of the branch's interim council, said yesterday at a meeting, held to recruit members, that304 words
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432 1983-07-02 3 LEE HAN SHIH - By LEE HAN SHIH THE Singapore dragon is generating millions of dollars worth of publicity overseas. And the Singapore Tourist Promotion Board, which organises the annual Singapore International Dragon Boat Races, is bringing the way of the dragon overseas to its four major432 words
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387 1983-07-02 3 JOHN LIM - By JOHN LIM ONLY TEN companies in the metal-working industry with higher than normal accident rates responded to a special invitation to participate in the industry's safety month, which was launched yesterday. A total of 50 companies were invited by the organisers. The387 words
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TRADE TALK
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Article, Illustration188 1983-07-02 3 of dock le- vellers is in full swing at the factory of a local materials handling manufacturer, Material Handling Engineering Pte Ltd. The dock levellers, designed by Argo Engineering of Canada, were introduced into the Singapore market eight months ago and have been well received. The first dock leveller188 words
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Article116 1983-07-02 3 Australian producer of aluminium, Nonferral, has appointed AmerOrient as its local marketing agent (or its aluminium products. Nonferral hopes to increase exports to Singapore and neighbouring countries. AmerOrient's managing director, Mr James Stewart, said the demand (or aluminium by Singapore industries has doubled over the past seven to116 words
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Article82 1983-07-02 3 Business Machines Corp has introduced in the US a more powerful small processor for its IBM 8100 information system. It has also reduced prices for its existing small processors by about 26 per cent and for its larger processors by 23 per cent. IBM also said it has introduced82 words
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205 1983-07-02 3 ONLY one person oat af three invited by the Housing and Development Board last week to buy a HUDC Oat in Jurong East had taken op the offer. The rest, 255 people out ef a total of 284. have deckled to wait Son* may205 words
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Page 3 Advertisements
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Advertisement169 1983-07-02 3 GREAT PAOHC FMANQ UD Boksher Pkno, MOBdesfitrßMd A *221LT0 a W SmgopmQ32 The Directors, Management and Staff of Great Pacific Finance express their thanks to all Business Associates, Clients, Well-wishers and Friends for their support and attendance on their new branch opening yesterday at Balestier Plaza, 400 Balestier Road #01-26169 words
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OVERSEAS
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343 1983-07-02 4 Reuter THE House of Fraser, Britain's biggest department store chain, has proclaimed victory in its battle to hold on to Harrods, the exclusive London store favoured by the British royal family. Fraser chairman Roland Smith told a special shareholders meeting in Glasgow thatReuter - 343 words
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255 1983-07-02 4 Reuter OIL exporting countries apparently liquidated assets overseas as their current accounts swung into deficit in the first quarter of this year, the Bank of England said. Its quarterly bulletin said "preliminary information for the first quarter of 1983, a reduction of US$6Reuter - 255 words
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478 1983-07-02 4 Reuter EUROPEAN security talks appear close to a compromise which would mark the first East-West detente agreement since the Soviet intervention in Afghanistan in 1979. Diplomats said the Soviet Union seemed close to accepting a Spanish compromise, backed by the West, to bring the MadridReuter - 478 words
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159 1983-07-02 4 AP THE Smithsonian Institution has taken stock. It has the late US president Dwight Eisenhower's pajamas, seven million beetles, a 1932 Packard car, 10 (ripe organs and a tube of applesauce astronaut John Glenn took into orbit but did not use. That is notAP - 159 words
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380 1983-07-02 4 Reuter THE Soviet Union has revealed a major step forward in its space programme by announcing that an automatic module launched two months ago is a two-part addition to a manned orbital space station complex. Two cosmonauts, Vladimir Lyakhov and Alexander Alexandrov, who linked theirReuter - 380 words
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305 1983-07-02 4 AFP TAIWAN'S sleek market will be ladlreetly epeaed te ferelga lavestors aa July 18 I* Md to revitalise the market while preveattag its maaipaiattoa by fereigaers, Nine ferelga rumps alia are to haM 4» per eeat ef the rittfd of tLMIAFP - 305 words
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328 1983-07-02 4 AP THE Associated Press, Dow Jones and Co Inc, and Telerate Inc have announced an agreement in principle to form a company to market Telerate's financial information services and the APDow Jones newswires to subscribers outside the United States and Canada. Telerate operates aAP - 328 words
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226 1983-07-02 4 Reuter CABINET officers from 36 states have opposed in principle the use of food as an instrument of political pressure. After four days of debate in New York, the members of the World Food Council on Thursday also called for the revoking ofReuter - 226 words
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Article530 1983-07-02 4 AP JAPAN has been told that increased shipments of cars to the United States from next April would come at a "heated" political moment, a spokesman for US Trade Representative William Brock said. The warning was issued before the statement this week by Japan'sAP - 530 words
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Article221 1983-07-02 4 Reuter THE US Defence Department could save US$92 billion over the next three years by eliminating waste and inefficiency, a presidential commission said. The panel, whose members are drawn from the private sector, was appointed by President Reagan to study government costs. Chairman Peter Grace,Reuter - 221 words
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Article730 1983-07-02 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SPO/HKG FT FT71 0040 JFK/ORD/ANC/ CAL NRTTPEKUL CI331 0150 TPE MAS MH601 0620 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000 BWN MAS MH603 1020730 words
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405 1983-07-02 5 Reuter THE European Economic Community's executive commission has ordered member states to cut steelmaking capacity by almost one-fifth and gave them seven months to complete schemes to close The cuts, which could axe 100,000 more Jobs, come In the wake of lower demandReuter - 405 words
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Article1072 1983-07-02 5 VhmI Barth Arrival Dapartura Wljaya Kusuma MW 2.7/1100 2.7/2300 KEPPEL WHARVES 2.7/2300 8EMBAWANO Cherry Man Is 28 alongside Jasmine 5 alongside 2.7/0700 2.7/1200 Golden Horse 23/4 alongside 2.7/1500 Harapan IX World Lion 3 3.7/0700 Jenson IV 22 alongside 2.7/1200 2 2.7/2359 3.7/2359 Louise Lykes 46 alongside 2.7/23001,072 words
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172 1983-07-02 5 UPI AP AMEBIC AN VhJi) PrUist Gesrge Bashhas saM the Indtentas President Bnagaa is gslng ts ru fsr a seeend term in the 1184 «Ike reassa Isr «Ms Is thai the I» teisisiy Is dawaTaad rnwwy Is sa the way,** he IsM aUPI; AP - 172 words
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398 1983-07-02 5 Reuter FACTORY orders in the United States rose $3.2 billion, or 1.9 per cent, to a seasonally adjusted $169.56 billion in May from April. The Commerce Department said factory orders have now risen for three months without interruption. The May rise followed aReuter - 398 words
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379 1983-07-02 5 Reuter AP REAGAN administration officials have strongly opposed a Senate export subsidy proposal and are trying to restrict its scope. The officials took the position at a Senate Foreign Relations Committee hearing against a proposed Bill that would allow use of foreign aid fundsReuter; AP - 379 words
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449 1983-07-02 5 Reuter THE Bank of England said it sees no reason to change earlier forecasts of gradual growth in UK output over the next year, but recovery is unlikely to be very strong. It said in its latest quarterly bulletin there ought toReuter - 449 words
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WORLD IN BRIEF
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Article378 1983-07-02 5 Agencies TEXAS Instruments Inc said it is laying off 750 employees at its computer manufacturing plants in Lubbock and Abilene, Texas. The layoffs began on Tuesday and involve 700 temporary employees and 50 permanent workers in home computer production. MALAYSIA Is latotestod la a swap sf rabherAgencies - 378 words
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Page 4 Advertisements
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Advertisement398 1983-07-02 4 The Straits Times Classi£ied 9 s Food Festival ■«nr That's right! Eat at any of the restaurants featured in The Straits Times Classified's Food Festival (published every Wednesday and Saturday from July 2 to August 24) and you may be treated to our menu of wonderful prizes. Appatiaars There w«398 words
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Advertisement23 1983-07-02 4 Pan Am's 7475P Daily At 7.20 am To Hong Kong. It Flies Higher, So You Flv Smoother. Pan Am.You Cant Beat The Experience.23 words
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Page 5 Advertisements
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Advertisement0 1983-07-02 5 ="?_%:<};&/".=-]_[\?>*>*:'\|{]!0 words
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Advertisement430 1983-07-02 5 TIMEB INTER-BUSINESS HOUSES ATHLETICS MEET *83 Saturday, Octobar 8,1983 National Stadium 6 p.m. For the Champion Business House A Nissan Cabstar plus The Times Organisation afcd Tan Chong Challenge Trophy A 4 x 100 m Johnnie Walker Challenge Trophy And you need not be a champion to win prize* For430 words
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Article474 1983-07-02 6 IF RONALD Reagan were still an actor and he had George Lucas as executive producer, a successful return next year would be guaranteed. But with the economy of the United States clearly recovering from the recession, Mr Reagan can probably return next year all on his own. In474 words
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Article, Illustration750 1983-07-02 6 LOUISE do ROSARIO - Despite the crippling problems it faced last year, the Taipei Regency is expected to bounce back with a profit this year By LOUISE do ROSARIO THE trouble-plagued Taipei Regency in Taiwan is back in business again and predicted to make a profit this year, surprising750 words
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203 1983-07-02 6 D B MOTT - D B MOTT RegtoaaJ marketfag Hawker Stddeley MKT (Blagapare) Ltd. I BEAD with great laterest the article eatttled "New Ysrfc sahway gslag •B the nib" (Bashtem Tlmm, Jue 28). It wu eertalaly aa exeelleat essay sa the leag term daagers sf attemptlsg ts203 words
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Page 6 Advertisements
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Advertisement448 1983-07-02 6 1. M v/M An extraordinary wealth of essential data^. Me*#. iKifX- tco^z-^ 3 Dr. Armand Hammer I Chairman, Occidental Petroleum THE CHINA DIRECTORY OF INDUSTRY AND COMMERCE AND ECONOMIC ANNEAL *****98} Who is Publishing The China Directory? The China Directory of industry and Commerce and Economic Annual 1982-1983 is a448 words
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Page 6 Miscellaneous
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Miscellaneous942 1983-07-02 6 SINGAPORE 5 1.00 PM Opening Mowed by Sesame Street: Introduction to the letter "X" and the number "2". 2.05 Shazan (Cartoon) 2-25 Saturday Matinee Westbound: During the American Civil War, a Union captain is assigned the task of arranging a stage service to transport gold shipments from California. Starring Randolph942 words
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Article, Illustration596 1983-07-02 7 CAROLYN LESH - By CAROLYN LESH ft AT AGE 94. the Eiffel Tower is who spent HO million on such to emerge frofn a 205-million as entrance fees, tower replicas (US$27.3 million) facelift that cards, the first rejuvenation of the the tower has not596 words
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Article1814 1983-07-02 7 The brash management style that characterised the Data General Corporation when it muscled onto the computer scene in 1968 has gone, writes MITCHELL LYNCH. In this report he explains why. NYT BACK in 1963, the Data General Corp muscled its way onto the staid and uprightNYT - 1,814 words
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Article476 1983-07-02 7 ALISON MAITLAND - By ALISON MAITLAND Reuter NEARLY 200 years after the French Revolution, the notion that the privileged should share their property with plain citizens is catching on among a growing number of France's chateau dwellers. Taking a cue from the English aristocracy, who have made an artReuter - 476 words
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Article721 1983-07-02 7 DAVID YOUNG - Expatriate Investment By DAVID YOUNG FOR some people becoming an expatriate is simply one of the hazards of the Job; for others, it is an essential part of their careers and ambitions. Whatever the circumstances one thing is fairly constant, moat expatriates earn and save721 words
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Article318 1983-07-02 7 Misleading ads and men from hell WHAT can you get if you have a burning desire and ***** to spare? A recent classified advertisement, listed under Business Opportunities had this to offer: "If you have a burning desire to make more than mere interest for your318 words
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Page 7 Miscellaneous
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Miscellaneous742 1983-07-02 7 TWO-IH-CRYPTIC PUZZLE ACRO6B 9 It's possible to fill a lot of the ships (8) 10 These days, nothing is a bother (3) 11 "It depends," you say, "on the shed" (6) 12 Go for the redhead (6) 13 Sickly-sentimental, like a girl who's had a love setback 14 Pull in,742 words
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Page 8 Advertisements
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Advertisement195 1983-07-02 8 Where to wine; dine and entertain Hwith the American Express Card "if you dont already have the Card, call *****33 for an application form" r S r\< -> P 0* £_c Baton's Table Sunday Brunch, you'll love it! Give mum a break this Sunday and bring the family in for195 words
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Advertisement176 1983-07-02 8 For sushi. For teppanyaki. For other authentically Japanese delights. if) ->i J (>r'.st Tf \l!'< Cil!! /,'•>/ J k<§ «i ill 11 I'.irK S|i(T:iUMi.Sinu;i|M»n At Garden Seafood Restaurant, you can find Singapore style seafood at its beat. The live prawns, fish, lobsters and crabs are freshly caught and cooked to176 words
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Advertisement172 1983-07-02 8 I Hi K. tjMfi '«3|Pfc 7 7 N <?&Sw Singapore's latest to good food and cosy surroundings. Special servings are set for breakfasts, luncheons, dinners and late night snacks a wide selection of Oriental and Western fare. Cafe Vanda your haven 24 hours a day Pammount Hotef Marine Parade Road,172 words
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Advertisement191 1983-07-02 8 Jazz up your favourite drink with the LouisTanThree-O. 3* V I rN a BUNGE Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Even It's the nicest way to jazz fr up your favourite drink. lUmmg£Lg—- rxccfH Swdi) S2, Dine in the grand tradition of191 words
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Advertisement237 1983-07-02 8 (Resort to oin Superb i^uismes <Tl)f v. iilctiaUton £"uiU 4 s U I i i «»u rM'l I 10 ou i i.imoUN I'riiiir Kill I»«-« lin town M'Ht d oil .1 Sil\i*i .lyoii. I'll** inil '<> ilu li\c I'liui i.i mm< in |H<>\ i< l< < 1 t>\ lilt- I237 words
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RAW MATERIALS
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Article961 1983-07-02 9 COFFEE: Robusta coffee futures were narrowly mixed at midday yesterday, £2 above to £8 below Thursday's close. Prices held in a narrow and featureless range around Thursday's closing levels, with interest focussed on both sides of the July/ Sep switch. July's premium over Sep was £17 at the961 words
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Article329 1983-07-02 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.56, B-10 per cent no stock. THAI BROKEN: A-auper 0.62, Special 0.56.329 words
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Article178 1983-07-02 9 CHINESE Pradaee Exchange, Sings pare, eMag prices per HI kg wter day Cwmml sil: Bulk fob $119 00 sellers, old drum (In second hand drum) fob $132.00 sellers, new drum fob $138.00 sellers. Cepra: Mixed (loose) $70 buyers. Pepper: Muntok white pepper fob Asta NLW $375.00 sellers, Sarawak178 words
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Article196 1983-07-02 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Ciltia yan: Chins Blue Phoenix 20s 2,500; 32s 3,290, 40s 3,380 (per bale of 400 lbs). Piece |n4s: Chins Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article128 1983-07-02 9 THE Malaysian crude palm oil market yesterday closed slightly higher on covering in moderate trading, following a higher Chicago market. In July, south and north were traded unchanged at MJB2O and MsBls a tonne respectively while central fell M 52.50 to M 5812.50. In Aug, south and north128 words
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Article306 1983-07-02 9 RUBBER PRICES in Singapore yesterday closed slightly lower with July One RSS buyers quoted at 234.00 cents per Idlo, down two cents from Thursday's close. Morning prices were marked down slightly on freer offerings and lack of buying support after a lower opening. In Kaaia Lampv, the rubber market306 words
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Article232 1983-07-02 9 JULY One RSS see-sawed uncertainly around the 234 cents (S) mark, finishing/* Vk cents better overifo with a (air turnover, BOday, Caller, Balk A said in its review of /the Singapore and Malaygan rubber markets (or the week ended June 30. Fresh news was lacking following the232 words
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Article416 1983-07-02 9 RAS prices In cents per kilo yasterday Nooa (per kilo) Ooae (per kflo) Int. 1 RAS. prompt f o b. 2UJ0 lot. 1 RAS. Julj BUI Int. 1 RAS Aufust 2X50 tot J RAS 234* UK Coot Int. RAS. 230 00 UK/Ooat 210.00 lat 4 RAS. 210 JO416 words
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Article31 1983-07-02 9 Rubber: July 1 Singapore: 234.00 cents (down 2.00 cents) Malaysia: July: 264.00 cents (down one cent) Tin: M 530.80 per kilo (down 20 cents) 161 tonnes (up 61 tonnes)31 words
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Article84 1983-07-02 9 THE STRAITS TIN priee to Peaug yeeterfcy drapptd eeato to MUM! iUh,Mnmatoed wtthto toe ITA tower level ef Msa.ls aai The toll mi to llae with tte Leadea Metal Exekaage pirtttoa. The Whr stock maaager wpparted tte market at toto tower level aad was helped by Mattered frem84 words
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INTERNATIONAL STOCKS
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Article198 1983-07-02 9 JUNE 30 rrs GROUP B CORBEILLE Mr-Liquid* MB Bill Oerala Danone 1*30 C 8 P (Thomaoncof). Its Cte Francmlae dee Petroles 1MJ0 Credit Ponder De France 107 -4 1 •Hi -3 -3 Carrefour Flnanclere de L "Union Lafarm Moet-Henneaay Opfl-ParlDai Penarroya Radlotechnlque GROUP Compagnle Bancalre Oenerale Occidental* I metal198 words
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Article85 1983-07-02 9 JUNK 30 Dm Hoechit 147 00 1J A«f-Ttlefunken BASF MJO 15! 00 130 70 ***** 101.10 1.0 17 +U -0-2 -15 HoMCh Horten Kamadt 53.00 140.00 390.00 1J 0.1 -s BJW Commerstank Conlt Oumml KHD Unde Manneamann Preunac 303.00 306j0 ***** m jo -114 0l» Daunler-Beni Deguaaa 500 0085 words
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Article89 1983-07-02 9 JUNE 30 FTM Or Bru Uob tao JO Hobo* 100 FORWARD market Petto Z." 5770 JO Rjrl Dutch 2300 13 Acec sa unch Stdro lflSO unch Artoeti MM -10 Soc On Bel* too 80 Ajtur 455 -ft Sofln* US6 -5 Brucan 1304 34 SolYmjr A WO 25 Cannc 200089 words
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Article160 1983-07-02 9 'UN* Prmnca Acuoru SntMii job +1 Altiwlwi Br. 790 AJu«ta»R— rn Brown Bovcn Br. ub +1» 25? 9*?P 81 **> Clba O**? r C MOO *10 g^°S5L?*—SSL :u Credit SuImi Rag no *i KlaktrowmU Br MO Ojwrj rtatMT Br OS +10 Horo Br. ]000 Hoffman La Roetw l/io on160 words
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Article193 1983-07-02 9 JUNE 30 ru ABN 379 00 +15 Ahold 106-30 9 Aftao 91 JO 12 AMEV ***** 0.7 Amfu "77.00 unch Amrobnk 90 50 0.5 grp. 2700 05 Soto Borsuccr SB 00 107.00 04 unch Boiit Burtet 4050 49 80 OS -0,2 C&land Calv DUI Ml] 3330 380JO 89 00193 words
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Article211 1983-07-02 9 JVNW JO Ci Abltlbl 25* unch Alcan 40* Algoma S unch Bank Mont 20* Bank No*» Scotia 43«* 4 Bell Tel 20* -H BP Can Ltd M* Braacan 34 4 Camp Red Lake Can Imp Bk 33% H Can Prm H| Cannae 46» Carllng OXeefe 23* 4 1* Cmbl211 words
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Article284 1983-07-02 9 JUNE 30 Rand INDU8TRIAL8 A Alpha MO Abercom Wl -s AE And CI HO unch US 3400 -U unch Barlows ISM 10 C O Smith 2380 unch CNA 1575B unch Currte Finance m unch De Beers Ind Edcon Edgars Fed Volk *****8 no unch rufit 415 unch Oratemn Hi284 words
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Article1078 1983-07-02 9 NEW YORK WALL STREET stock prices on Thursday pushed higher for the second day in a row as investors concerns about higher interest rates eased and they purchased Iwm that had fallen in price over the past week. The Dow Jones Industrial Average, which was higher all1,078 words
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Article82 1983-07-02 9 JUNK 30 Urc Baatafl 225 Bel 310*0 Cantrmlc Ord Cond Acqua Roma 1730 145 -m ♦i* Plat Ord Oencrmll W *****0 -i$ -74 aim 2860 -10 in Prt* wis Inmt MS uih MS 77 Lctwut Ord ***** Mtdiotanca «l«0 -300 Mlltno Am Ord )1»C 360 Mondadon Pn» 7750 M82 words
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Article278 1983-07-02 9 THE Ail-Ordinaries Index was up 0.3 at 605.4 near the close. National volume was 22.82 million shares valued at AJ22.92 million with 106 rises and 79 falls. Brewers firmed, paper shares eased and engineers were mixed. Transport and media shares firmed while retailers were mixed. JULY INDU8TEL A e278 words
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Article83 1983-07-02 9 JULY M Pm Acojt Mining Anglo PtlU I*"! MIS unch Altai Con S J7J0 -U IMfUio Ookf OJOM -0 00M g—' PMroMum MM -***** Con. a -l CDCP 110 unch Pirn Phil HMp 140 -0-i Lapanto 013 4M Martndoque B unch Marrt—I MOM unch MM +M01 Phil Onrmi 001«83 words
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Article261 1983-07-02 9 HONGKONG THE stock market closed firmer yesterday, ending at or near the day's highs, but trading was quiet and featureless apart from the last half-hour. Prices opened higher, in line with Wall Street, but investors showed little interest because of local currency uncertainties. The Hang Seng index261 words
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Article471 1983-07-02 9 SHARE prices rose sharply in fairly active trading yesterday, pushing the market average to a record 8,995.06 at the close, up a provisional 64.71. Sentiment was boosted by the sustained rise on Wall Street on Thursday and a high level of foreign buying. The market also471 words
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3685 1983-07-02 10 BID and offer price» officially "■*•< l *nd business in and reported to the Stbck Exchange of Mnsapoce yesterday with the number of ibarti traded shown In bracket* in lota of 1,000 unlta unless otherwise specified All Time» Settlement Contracts are quoted3,685 words
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Article3449 1983-07-02 10 IMS Hick Lew Coaipaiy Last Sale +orOr*s DiT Dhr C*TT Gr's YTd Net P/E Vol COOO) Day High Lew SBCTION ONB INDUSTRIAL COMMERCIAL 286 364 287 306 410 ISO 272 347 288 880 sao 535 1400 535 S40 545* *70 452 472 1040 290 985 680 3303,449 words
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Article2104 1983-07-02 10 BID and offer price* officially listed and business In and reportad to tb« Kuala Lumpur Stock Exchange yesterday, with the number of sharss traded shown In bracket* In lota of 1,000 units unless otherwise specified. raonuu Asm»<-)«d l^isilli (1MB) Aleam (MB) (8) 104 (U) IB mbojib ACBm<—)2,104 words
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Article504 1983-07-02 10 THE tees! miM mm* slightly Ugher nMn, istiwiiH fey s ItmnHe pnrforasaaim sa Wall ami ss woM ss the bagtealag FMoas, thill aflpsatte Isdei etesad Ul palate BP st M4JI sad (ho Strait* Tlati hSMrisl strut. rsHsrßS IMmSW Average hsd rises US palate to M*IJI Is504 words
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Article485 1983-07-02 10 SHARE pried on the Kuala Lumpur stock market closed mixed yesterday as investors continued to take profit ahead of the weekend. Prices rase on good buying support in early trading in line with steadier conditions on Wall Street but began to move erratically until485 words
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Article125 1983-07-02 10 Maaager*' price* tor Jmly 2/4 ■MUNttDNRROT DIAMOND MOTITW The Commerce 141 IMxd June July The Savlngi Fund 1M lli r—wd 1J7 LW S'pore Fd (USI) U5 Ui s por-g St. rma im i« ai lis iff S pore Iavaat Fund 1.14 1 JUd S pore Bqufty Pud LS125 words
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COMPANY NEWS
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964 1983-07-02 11 NAJEEB JARHOM - *y NAJEEB JARHOM GOLD Coin Ltd appears undaunted by the recent devaluation of the Indonesian mpiah, which will result in a translation loss of about $1.3 million to the group, based on the net assets position of its Indonesian subsidiary as at Dec 31,1982. company964 words
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International ROUNDUP
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Article151 1983-07-02 11 said it will make takeover offers for Reef Oil NL and Basin Oil NL with cash offers valuing the companies at A 558.94 million and 189.30 million respectively. However, the main shareholder in the companies, the National Mutual Life Association, said it will not sell. National Mutual and151 words
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Page 11 Advertisements
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Advertisement1178 1983-07-02 11 i7M BANK OF BOSTON THE FIRST NATIONAL BANK OF BOSTON (Incorporated in the U.SJL with Limited Liability) ASSCTS DtOMtbtr 31 Cosh and dun from banks (Note 2]: Cash and non-interest bearing due from banks Due from banks at interest Investment securities (Note 3): U.S. Treasury Other Total investment securities (market1,178 words
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Chief Price Chances
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Article170 1983-07-02 12 Rises Indices FMUral F Mr 354 *32 Jaljrl NUI IMN LM KmuObi p r id I 60# 745 790 MM 30 30 BTCoupartte: Jint II 939 Textile Carp UOI OOO 364 525 +30 +30 13 BT Indicator: ST Industrialr. mm 967.54 WWW 9T1.36 Daaiop la 8mVU< d 412 442170 words
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Article, Illustration143 1983-07-02 12 Rises +90 Indices Kamuntinf no C Sugars 1m +90 June 99 July 1 Sanyo m +49 MBTMa: 2MJJ57 *****11 DAP 904 +J7 NST Industrials 1341.87 1X8.94 fad Flour m +90 NST Finance: 209.92 3470.01 401.11 4B9.01 Shell mo +90 NST Hotels: NST mo +90 NST Properties: mm 1004.88143 words
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Article49 1983-07-02 12 HJLHANG 8KNG Thursday 4064 Week A«o 606JO TTliirwlay fM!W FINANCIAL TIMKS Week AfO_ ***** INDUSTRIALS Thursday 730.7 Wednesday 7134 WMk Afo 734.9 DOW JONES AVUAGI INDUSTRIALS Thursday 1221.96 Wednesday 1212.74 Week Ago 1241.79 AUSTRALIAN INDU8TRIAL8 Friday 740.6 Thursday W3 «Nk Ago 746.9 ALL ORDINASU8 Friday 806 649 words
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Article750 1983-07-02 12 SHARE prices drifted easier to clone lower In quiet trading yesterday ahead of the weekend, dealers said. At Bpm, the Financial Times Index was down 9.3 points at 71L4. Dealers said the account ended on a typically dull note, with little or no sign of new-time buying to750 words
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Article285 1983-07-02 12 HYTEX Ltd, which Is on the threshold of a major Restructuring, has reported higher losses at halttime. uroup operating losses swbUed to $3.02 million (or the six months to March 31, 1983, against a loss of |2.1# million previously. The market (or polyethylene bags, the company's285 words
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341 1983-07-02 12 IPOH Garden Bhd (IGB) has obtained the Malaysian Foreign Investment Committee's approval (or its proposed special issue and the $40 million acquisition of three property, construction and engineering companies. IGB said that the Capital Issues Committee's approval is still pending. The proposed acquisitions and special341 words
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Article56 1983-07-02 12 HOTEL Grand Central has reported a sharp increase in group pre-tax profits to HOI millkm (or the year ended December 31, 1982, compared with $1-72 million the year before. The hold also saw salee and other operating revenue surge by more than 100 per cent to H4J9 million compared56 words
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176 1983-07-02 12 HOLDERS of General Corporation Bhd's Msso million convertible unsecured loan stock 1962/81 have been reminded that they have the right to convert their stock into shares throughout this month at the rate of $L5O wnewiwai amount of loan stock for one $1 share. The company176 words
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293 1983-07-02 12 Reuter ESMARK Inc and Norton Simon Inc ssnwimsd In New York that they agreed to Esmaik's acquisition of Norton Simon for US9#7 Under the tern» of the agreement, Eemark will increase the price of Its tender offer for 14 shares of Norton Sbnon,Reuter - 293 words
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Article168 1983-07-02 12 Reuter ASSOCIATED Holds Lid shareholders voted in a new board of directors under the chairmanship of Cheong Hooi-Hong at the annual general meeting in Hongkong yesterday, replacing the board chaired by KH Cheung. The meeting had turned down a resolution to grant a general mandate toReuter - 168 words
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128 1983-07-02 12 OKNEEAL Laafev (BsldtwMwMy Meimaal a grsap ■safer Me year te Sep M, 198», has (MM deep late Ike red it Iwlf tten ay »■■•■■••4, «Uhut ratlak flgare af Mi* sfcwssd >JU kh umMrnĔmrn. mHSSSS tIJI steMsa mmmMed wMk a ha ef fmjmtrn IMI.128 words
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Article385 1983-07-02 12 NAJEEB JARHOM - ■SHI I Companies Editor: Mano Sabnani By NAJEEB JARHOM PROMET Bhd has announced a M 524.45 million deal to acquire about 242 hectaree of land in Petaling, Kuala Lumpur, in a clear move to establish for itself a significant land bank. Yesterday, the well385 words
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Article394 1983-07-02 12 HOLDERS of Baa View Befofs 19 per eent esnvert1999/99 will be paid interest at 10 per cent per >mmn ]m tax for the period Aug 1, 1982, to July 31, 1983. The transfer book and register of lonn stockholders will be doasd from July 24 to 31 for394 words
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Page 12 Advertisements
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Advertisement23 1983-07-02 12 A ..I V ill 11, I -».< I. v SALE OF CERAMICS, SILVER, JADE, MAPS, Oft. PAMTMQS OF VICTORIAN OPENS TODAY 10am to 9p.m.23 words
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Advertisement108 1983-07-02 12 TW® BSlSffi® iSH giWffS®®! The Business Times Senior Appointments Every day, Business Times is avidly read by 50,000 executives in senior and middle management, involved in every Industry In Singapore communications, banking and finance, engineering, k construction and industrial, trading J and manufacturing and professional g practice. They are the108 words
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Page 12 Miscellaneous
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Miscellaneous61 1983-07-02 12 OUTLOOK for today: Showers in areas in the morning. 1 Bepart tar U hears prior to 7J9 pm sa Jsly 91 it Ike akftrt: i Maximum temperature 1 33.0 Associated humidity 63 Minimum temperature A :.24.5 Associated humidity 2 85 Hours of sunshine 6.06 Rainfall in millimetres 8.7 Total rainfall61 words
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