The Business Times, 23 July 1983
1983-07-23
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The Business Times
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Title Section11 1983-07-23 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY. JULY 23. 1383 60 CENTS11 words
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823 1983-07-23 1 JOHN LIM - By JOHN LIM THE High Court yesterday ordered the winding up of Overseas Union Finance (OUF) Ltd. The company was also ordered to pay costs. The winding up action initiated by the Monetary Authority of Singapore was not contested by OUF. The823 words
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618 1983-07-23 1 SOH TIANG KENG - By SOH TIANG KENG THE Gold Exchange of Singapore (GES) is mounting a recruitment drive for professionals in finance, marketing and commodities for the new financial futures exchange starting here in the first half of 1964. It is looking for those with professional qualifications618 words
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433 1983-07-23 1 LEE YOKE MENG - By LEE YOKE MENG ENSURING that an insurance policy runs its full course seems to be a significant problem in the life insurance industry. Mr Leong Teck Kut, general manager of the Insurance Corporation of Singapore's life and actuary department, told a conference yesterday433 words
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313 1983-07-23 1 AP THE US economic recovery heated up in the second quarter, with business activity growing at a strong 8.7 per cent annual rate the fastest pace in more than two years. The Commerce Department said in its first official estimate forAP - 313 words
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BRIEFLY...
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Article69 1983-07-23 1 Reuter COMPUTER crime is rising in Japan, and police have warned companies to take preventive measures immediately, according to the National Police Agency in its annual report on criminal offences. The number of computer crimes, mostly involving employees of financial companies with access to computer terminals, wasReuter - 69 words
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Article71 1983-07-23 1 Reuter THE West German economy, the strongest in Western Europe, grew by one per cent in the first six months of 1963 and could now overshoot the expected growth rate for the full year. Otto Schlecht, state secretary at the Economics Ministry, said that the 0.5 perReuter - 71 words
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Article79 1983-07-23 1 UPI TOYOTA Motor Co has announced its decision to acquire a 16.5 per cent equity in the financially ailing Lotus Car Co, a major British sports car maker. Toyota said the decision was made at Lotus' request and calls for the company to subscribe for 2.9 millionUPI - 79 words
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Article88 1983-07-23 1 Reuter JOHN Brown, one of the famous names of British engineering, yesterday announced a big annual loss and the resignation of its top executive. The company, which made a profit of £14 million the previous year, plunged £8.6 million into the red for the 12 months endedReuter - 88 words
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Article71 1983-07-23 1 Reuter TORRENTIAL rains which have swept China's Yangtze river valley with floods this week are continuing north towards the Yellow River, leaving the Yangtze provinces in relative peace, local papers reaching Beijing. The storms, moving over a wide area of central and north-west China, are expected to hitReuter - 71 words
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Article52 1983-07-23 1 THE task force appointed by the Malaysian government to review the country's rubber industry is expected to submit its final report in October this year. Its findings and assessments would assist the government to formulate appropriate strategies and programmes in the light of the changing world demand for52 words
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Article62 1983-07-23 1 Bernama A TOTAI of M 53.5 million in education aid from the British government will be used to finance Malaysian students undergoing training in the English language and other courses this year. Education Minister Dr Sulaiman Haji Daud said this after receiving cheques totalling M 5539,000 from 48Bernama - 62 words
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307 1983-07-23 1 BANK Bamlpatra chalrmaa Nawawi Mat A win has said thai Mr Jalil Ibrahim, the Bamlpatra Malaysia PV aaace Lid (BMF) affleial killed la Heagheag aa Tawday, was seat to the celaey to streagthca the ewmpaay'i Dr Nawawi did act exhe meaat by It307 words
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479 1983-07-23 1 LOH HUI YIN - By LOH HUI YIN LOCAL garment manufacturers should re-examine their management and production techniques and consider borrowing some of the ideas evolved by Japanese garment manufacturers. This was suggested by Mrs Fong Loo Fern, manager of CYC Shanghai Shirt, a leading local garments maker.479 words
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Page 1 Advertisements
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Advertisement222 1983-07-23 1 BOOKS FOR PLEASURE i^L&i jK-iiiua A GROUP of internatonal bankers has agreed to loan more money to debt-ridden 8razi1..... Page THE US Senate Banking Committee has voted in favour of recommending the confirmation of Federal Reserve Board chairman for a second four-year term... Page 2 BRITAIN'S new Chancellor of the222 words
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Advertisement131 1983-07-23 1 THE FAST ECONOMICAL WAY Aeroflot operates 3 weekly flights from Singapore to Europe on Mondays, Wednesdays and Fridays via Moscow the short-cut to Europe. You reach Moscow in less than 13 hours and Aeroflo{ connects you to the large industrial and tourist centres of Europe, the fast and economical way.131 words
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Advertisement277 1983-07-23 1 The Straits "BfiS' «me« Uy rSSS. DIRECTORY Agencies Singapore i (Buku Merah) mmm I it 3 kTPTi 111 fi if* Vigapo»e Deoiefs ASIA WATCH CfMTH •01 16 Kotono ShOCOfQ Cenhe CMtW CHtOMO (MWfUfIK) •03 39 -03 41 SN>» Cer,t-e COVTIMA WATCH CfNTM TO ITD •0? B*> Coomtxj Ccx*» •01 3?277 words
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BANKING AND FINANCE
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286 1983-07-23 2 AP PERU will meet its Western government creditors in Paris on Monday to begin negotiations to refinance a US$l.2 billion debt. Peruvian officials hope the talks will result in an easing of economic policies back home. Economy Minister Carlos Rodriguez Pastor left forAP - 286 words
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624 1983-07-23 2 AP A GROUP of International bankers has agreed to loan more money to Brazil, the Third World's most debt-rid-den country with a US$9O billion foreign debt, the president of Brazil's central bank said. "They agreed upon not only to increase the amount disbursedAP - 624 words
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382 1983-07-23 2 UPI THE SENATE banking committee voted 16-2 on Thursday to recommend to the Senate that it confirm Federal Reserve Board chairman Paul Volcker for a second four-year term. Mr Volcker, appearing before the committee, repeated testimony he gave on Wednesday to the House ofUPI - 382 words
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Article133 1983-07-23 2 AP LEADERS of the House of Representatives have indefinitely postponed action on US President Reagan's call for an US$B.4 billion increase in US support for the International Monetary Fund. A headcount showed no more than 130 votes in favour of the measure aimed at easingAP - 133 words
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Article323 1983-07-23 2 Reuter US M-l money supply, due yesterday for the week ended July 13, is expected to show a moderate (all that will partly reverse the previous week's US$5.B billion surge, said economists surveyed by Reuters. A Thursday survey of 10 economists showed forecasts of aReuter - 323 words
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280 1983-07-23 2 Reuter BANKAMERICA Corp said that an improved net interest margin and growth in non-interest revenues pushed net income for the second quarter 15.3 per cent higher. However, Bank America said that flat loan totals and high levels of loan charge-offs negatively impacted earnings.Reuter - 280 words
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Article900 1983-07-23 2 JP MORGAN and Co is raising US$l5O million with a seven-year Eurobond through a finance subsidiary, with detachable warrants to purchase another $150 million worth of bonds, lead manager Morgan Guaranty said. The initial bond carries an 11H per cent coupon at par, and is callable in900 words
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162 1983-07-23 2 Reuter CHEMICAL Bank is going ahead with a deal to raise a loan of at least US$l5O million for Colombia after an encouraging response to initial soundings among US banks, banking sources said. The plan is to have a lead group of 10 banks.Reuter - 162 words
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MONEY AND EXCHANGES
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Article460 1983-07-23 2 UNCERTAINTY prevailed in the local foreign exchange market yesterday making it a "trendless" and dead day of trading. The dollar took a turn in New York but remained too high to buy and dealers seemed reluctant to sell as rumours on the possibility of a higher prime rate460 words
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Article88 1983-07-23 2 THE DOLLAR yesterday finished steady at 239 90 yen against the 239.70/85 close in New York, firmly underpinned by expectations that US interest rates will remain at current high levels. The unexpectedly large 8.7 per cent rise in US GNP in second quarter 1983, and the indication by Martin88 words
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Article22 1983-07-23 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 8.96 per cent.22 words
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Article186 1983-07-23 2 ASIAN ASIAN currency deposit interbank rates as at close on July 22: US DolUra<8po«) Offer B,<j 7 days 913/16 011/10 1 month 913/16 911/16 2 months 9 15/16 9 13/18 3 months 10* 10 6 months 10* 10* 9 months 10* 10* 12 months 10* 10* Das. 8wJn. (Middle Price*>186 words
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Article47 1983-07-23 2 RANGE o( prices often !d by dlscount houses an July 22: Overnight 3 Call deposits 2-3 Ciosiac Buyiaj Selling 3-month Treasury bills 2 9/18 2 7/16 3-month Bank bills 7H 7* 3 months CD 7H 7H S months CD 7 H 7* Source: National Discount Co47 words
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Article51 1983-07-23 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from July 25 to July 29: Offered: 5110.000.000 Applied for: $207,670,000. Allotted: <110.000.000 Accepted kids: $99 35 approximately 45 per cent; hi<?h er bids in full. Average rate •I dlacout M allotment: 2.580 per cent per51 words
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Article361 1983-07-23 2 GOLD FUTURES in Singapore yesterday closed generally firmer on weekend short-cover-ing in moderate trading. Total sales for the day was recorded at 221 lots while kerb volume at 475 lots. Prompt closed higher at USS42S.SO/427.00 an ounce compared with $422.50/423.50 in New York, August at $426.60 427.00 compared with361 words
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Article35 1983-07-23 2 New York 12.438 12.14B 12.SQS 12.19S Zurich L2.34B 12.13B 12.41S VL. m 12.2QS a Singapore HITS 12.CB W0I 12.24B 12.55S 12.315 Closing price* in US dollars a troy ouno Source: Credit Suisse, S'pore35 words
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Article64 1983-07-23 2 THE US dollar yesterday eased against most major currencies in fairly quiet late trading with sporadic profit-taking cited. Banknote rates yesterday: (HK per 1): US 7.11/7.13 UK 10.80/11.00 Brunei 3.34/3.36 W Germany 2.77/2.79 Malaysia 3.05/3.07 Philippines 0.63 0 65 Singapore 3.35/3.37 (HK per 10): Burma 1.50/2.50 India 6.10/6 3064 words
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Article57 1983-07-23 2 THE dollar yesterday opened around or just above Thursday's London finishing levels but below New York's close. Opening quotes yesterday: US 1.5228/38 Can 1.8775/8800 Cross 1.2333/36 D Mk 3.9315/45 DF1 4 4010 45 S FY B FY F FY 11.8275/8415 Lit 2327.50/2329.90 Yen 364.75/365.25 DKr NKr 11.1630/1735 SKr 11.7060/716557 words
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377 1983-07-23 2 Reuter DECLINING concessional aid is forcing India to turn to the world capital market to raise funds for industrial projects, finance ministry sources said. But the government is determined to avoid falling into a debt trap, they said. A government statement last weekReuter - 377 words
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Page 2 Advertisements
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Advertisement467 1983-07-23 2 INTRACO LIMITED INCORPORATED N THE fIEPUBLIC Of SINGAPORE! NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at its registered office at 11 Keppel Road #05-01, Keppel House, Singapore 0208 on Monday, 15 August 1983 at 10.00 a.m. for467 words
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Advertisement113 1983-07-23 2 NOTICE NOTICE IS HEREBY GIVEN that, I Teng Ah Mee of No. 32-A Weld Road Singapore 0820 have applied for a Retail Beer Shop licence in respect of premises at Shan Da Department Store, 180-4AA Jalan Kayu Singapore 2879 and that this application will be heard in Court No. 1,113 words
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TRADE AND INDUSTRY
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Article, Illustration720 1983-07-23 3 TRADE TALK THE HOUSING and Development Board plans to redevelop an old housing estate in the Kim Keat area, which houses 38 old apartment blocks built by the former Singapore Improvement Trust. In place of these 30-year old flats, the HDB720 words
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Article, Illustration142 1983-07-23 3 MR GRAEME Hargreaves (above) will arrive in Singapore at the end of this month to replace Mr Graham Rice as senior trade commissioner at the Australian High Commission. Mr Rice returns home after five years in Singapore. Since joining the Australian Trade Commissioner142 words
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Article81 1983-07-23 3 THE developers, contractors and subcontractors who built Centrepoint are donating 141,500 to the Singapore Council of Social Services. The donation will help fund the council's Vocational Assessment and Placement Centre a pilot project to provide vocational guidance for physically disabled persons. The centre will use the81 words
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340 1983-07-23 3 THE SINGAPORE Quality and Reliability Association (SQRA) will consider organising quality control courses for supervisory and operator level staff. This will follow-up its initial efforts to formulate a comprehensive 180-hour training programme for quality professionals. The third phase would be to develop training packages340 words
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Article350 1983-07-23 3 SEMINARS AND COURSES July 18-Aug 4 (Mondays and Thursdays): Conference Leadership, Institute of Education, NUS Department of Extramural Studies July 19,21,26 A 28: Workshop on Effective Supervision, Singapore Institute of Management, Singapore Institute of Management July 25-26: Getting Results with Time Management, Singapore Institute of Management, Singapore Institute350 words
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221 1983-07-23 3 A FOURTH oil etmpuy, British Petroleom (BP), has revised postings for a rugt of petnlnm prodncta. Like Mobil aid Esse, BP's adjustments Inclnded petrel. Shell, the first etmpuy te change la this latest mad d revisions, did net ad Jut Its petrel prices. BP'S new221 words
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464 1983-07-23 3 MONICA GWEE - By MONICA GWEE THE Rollei company is now smaller and "back to life" as Rollei Fototechnic GmbH, said managing director Norbert Piatt. Mr Piatt, a former manager with Rollei Singapore which went into receivership in 1981, is here to introduce the company's new464 words
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Article308 1983-07-23 3 SWEDISH electrical engineering group Asea AB will start producing robots in Japan in October, a step which the company believes will place Swedish robots on a more competitive footing against the Japanese. The Swedish company, which began intensive discussions on the project in 1981,308 words
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Page 3 Advertisements
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Advertisement127 1983-07-23 3 Is the quest for knowledge straining your wallet? Then read on. Because we'd like you to know about Times-The Bookshop. Where the quest for knowledge and reading pleasure won't give you a pain in the back pocket. Naturally we'd like to see more ar,d more Singaporeans discover $9.00 pleasure in127 words
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OVERSEAS
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510 1983-07-23 4 Reuter BRITAIN'S new Chancellor of the Exchequer Nigel Lawson has ordered a £5 billion (SJI6 billion) cutback in state spending plans next year, in a second crackdown by the Conservative government since its June 9 election victory. Official sources said Mr Lawson, appointed chancellorReuter - 510 words
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334 1983-07-23 4 Reuter THE European Economic Community's finance ministers agreed early yesterday on an emergency budget to stop the trading bloc from running out of money, but cut a previously negotiated refund on British payments to Brussels. The ministers, meeting throughout the night, agreed to spendReuter - 334 words
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300 1983-07-23 4 Reuter MEMBERS if the Ami alliaaee weald set aeceaaarily aM a—ther militarily la eaae af a small-scale ceafllct bat weald 4a m if there were aa all-eat attack ea aay ally, the US State Departmeat aald aa Thareday. Spekeemaa Jaha Haghea waaReuter - 300 words
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253 1983-07-23 4 Reuter A US fast food company, Shakey's Internationa] Inc, will open its first pizza parlour in Indonesia next week, competing with regional delicacies like roast suckling pig and spiced kebats. It will replace two popular western flavours of pizza with spicy beef andReuter - 253 words
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Article253 1983-07-23 4 Reuter THE Qatar News Agency quoted a Qatari military source as saying an explosive mine had been discovered in Gulf waters northeast of the Qatar peninsula. The agency quoted the source on Thursday as saying the authorities had defused the mine. This was the first officialReuter - 253 words
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212 1983-07-23 4 AP PRIME Minister Margaret Thatcher's administration has announced big pay increases for government ministers, top civil servants, judges and the armed forces, a day after British legislators voted themselves a substantial increase. The increase for the ministers of just under 26 per centAP - 212 words
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Article746 1983-07-23 4 ARRIVALS Service Local Operator Number Time From SIA SQ1I 0010 LAX/TYO PAA PA5 0015 JFK/SPO/HKG FT FT71 0040 JFKORD/ANC CAL NRT/TPE/KUL 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 1020746 words
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Article157 1983-07-23 5 Exports hit by strong AP A STRONG dollar helped reduce the fortunes of 50 top American exporters, whose foreign sales were off 6.8 per cent to US$59 billion in 1982, Fortune magazine reports in its August 8 issue. A highly depressed aircraft market toppled Boeing Co from its three-year reignAP - 157 words
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Article808 1983-07-23 5 Reuter REXTENT weeks have witnessed growing and ominous signs of protectionist pressures against the petrochemical products of oilproducing nations. The objective is clear: to bar their access to international markets. The American petrochemicals industry has urged the US Commerce Department to impose countervailing duties on imports ofReuter - 808 words
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Article1156 1983-07-23 5 Vassal Barth Arrival Departure KEPPEL WHARVES Builder 21E alongside 23.7/0700 Dellcia 35/6 alongside 23.7/1100 Jenhol 22 alongside 23.7/0700 Kota Singapura 10/11 alongside 23.7/2359 Samoa 31/2 alongside 23.7/2300 Seng Hong 27/8 alongside 23.7/1200 Waheng 3/4 22.7/2100 24.7/1800 Blankenburg 6/7 23.7/2000 25.7/1100 Equator III 22 23.7/0700 24.7/0700 Fair Rainbow1,156 words
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Article250 1983-07-23 5 AP CHaYSLEB Carparatiaa, the Na US ear maker, aaaaaaeed aa Iharaday It earaed a reeard US$Bll4 mllliaa praflt la the seeaad qaarter sf this year, ap 188.3 per eeat fram $188J mllliaa la the same perled sf 1182. It attributed the Imprevemeat to streag ear aad trackAP - 250 words
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Article319 1983-07-23 5 UPI PEUGEOT Automobiles has announced 7371 layoffs in its Peugeot and Talbot plants, tbe largest number of layoffs in the history of the French motorcar industry. The decision brought a 24hour strike at the Talbot plant in suburban Poissy. Thousands of workers, most of themUPI - 319 words
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Article136 1983-07-23 5 Kyodo THE Japanese economy is slowly recovering, Bank of Japan governor Haruo Maekawa told a news conference after a meeting with central bank branch managers. "Exports are on the rise and inventory liquidations have been proceeding," he said on Wednesday. He added that, aided by surging exports, aKyodo - 136 words
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210 1983-07-23 5 AP THE Canadian government, under pressure from the domestic garment industry, has announced plans to tighten customs inspections on clothing imports and to review tariff structures affecting the industry. Federal officials conceded on Thursday that the moves were aimed primarily at four leading exportersAP - 210 words
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WORLD IN BRIEF
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Article545 1983-07-23 5 Agencies THE Polaroid Corporation said it will start marketing video tape cassettes in overseas markets this autumn. It said the cassettes will be available in selected markets, starting in Britain, Australia and several markets in Latin America and the Middle and Far East. The company also expects toAgencies - 545 words
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Page 4 Advertisements
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Advertisement520 1983-07-23 4 iGulf International Bank&s.cs STATEMENT OF CONDITION ASSETS Cash and Due from Banks Placements Marketable Securities Loans Fixed Assets Other Assets Total Assets LIABILITIES Deposits at Call and Due to Banks Time Deposits Other Liabilities Proposed Dividend Total Liabilities SHAREHOLDERS' EQUITY Issued Share Capital: 12,800 Shares (1981 6,800) of BD 10,000520 words
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Advertisement24 1983-07-23 4 Pan Am's Space Seats Around The World More Seat room, More Legroom, More Space To Stretch Out. Pan Am.You Can t Beat The Experience.24 words
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Page 5 Advertisements
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Advertisement458 1983-07-23 5 At: TIMES INTER-BUSINESS HOUSES ATHLETICS MEET *83 Saturday, October S, 1983 National Stadium 9 p.m. For the Champion Business House A Nissan Cabstar plus The Times Organisation and Tan Chong Challenge Trophy 4 x 100 m 4 x 400 m T ug-of-war Best Performer Champion Team Vatarans 4 x 100458 words
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535 1983-07-23 6 QUALITY control is everybody's business. So it is often considered that every individual who is involved in the production of goods and services should be conscious and committed to achieving high standards. It is not just the finished product, visible to the eye of the535 words
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Article, Illustration763 1983-07-23 6 TODD CARREL - By TODD CARREL AP DECKED out in a cowboy-style tie and corporate blazer, Loy Weston in Tokyo listened solemnly as a Shinto priest chanted and sipped sacred sake at what Mr Weston described as a funeral "mass" for 20 million chickens. The fowl gave their livesAP - 763 words
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Article1215 1983-07-23 6 ROBERT HERSHEY JR - By ROBERT HERSHEY JR NYT TAX shelters investment devices designed to shelter income from taxation, usually for a number of years appear to be on the rise in the United States, despite widespread predictions that lower tax rates would reduce their use. Furthermore, expertsNYT - 1,215 words
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Page 6 Advertisements
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Advertisement195 1983-07-23 6 1?. t f; T 5 J > J&» W .f <i ihSS®! ASIA PACIFIC 1983, the updated guide to the region's economic life, with an in-depth analysis of every one of the region's more than 30 countries. Overview of the region •ASIA PACIFIC COUNTRY BY The new military arrangements COUNTRY195 words
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Page 6 Miscellaneous
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Miscellaneous1479 1983-07-23 6 -11-OIE CROSSWORD CBYTOC PItZLE ACROSS Think very highly at one in the dream (T) Pleased when the gat I fired went off (t) 13 Ball game played according to the letter (5) 14 What the sycophaat'f children quickly learn to do? (5) 15 Stop before you reveal your viewi (7)1,479 words
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Article, Illustration1300 1983-07-23 7 HARVEY SHAPIRO - It isn't likely that you'll discover a Rembrandt in your attic, but what if you think the silver teapot your great-aunt left you warrants more than a tag sale, yet will not interest the likes of Sotheby Parke Bernet orNYT - 1,300 words
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567 1983-07-23 7 DAVID FINCH - By DAVID FINCH Reuter FOR 3,500 years the finest Arabian horses were jealously preserved in the Middle East, pampered power symbols of kings and sheikhs. Today, among the' best of the noble breed "fere raised on a farm near Waco, Texas, whereReuter - 567 words
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329 1983-07-23 7 STRAWS in the c Wind SINGAPORE Airline girls are going to protest at the next round of wage negotiations, we're sure. The'latest labour survey recorded that female air stewardesses are paid less than the male street sweeper. The average wage for the former is $388.17329 words
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579 1983-07-23 7 SHAMINA QURESHI - By SHAMINA QURESHI UPI THE teahouse at 484, Shanghai Street looks like any other in Hongkong until you hear the birds chirping. As ceiling fans whirl over tables of Chinese men enjoying their daily dose of tea and dim sum, birds ofUPI - 579 words
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Page 7 Advertisements
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Advertisement114 1983-07-23 7 r r~ r r. i If w j u w y p t .s JX/ SAVE MONEY Know how to deal with a mechanic explain your problems SAVE MORE MONEY Know how to spot trouble beforehand get more miles from each litre of petrol find the car that's right for114 words
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Page 7 Miscellaneous
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Miscellaneous37 1983-07-23 7 Graves, Inc. fIUTMi AMP I I ARE HWIN& 1 TRGUeU. AGREEING ON SOfteTHINO... JhfeSj <r By Pat Brady m 1 5 JT LOWPX TMC D€V'L DO VOU* M\N< vou'Re doing GIMG>NG me IN -rue OF TWC P37 words
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Page 8 Advertisements
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Advertisement176 1983-07-23 8 Where to wine, dine and entertain Bill with the American Express Card Wm. H you don t already have the Card, call *****33 for an application form" ii-l Baron's Table Sunday Brunch... you'll love it.' Give mum a break this Sunday and bring the family in for our taste-temping Brunch.176 words
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Advertisement178 1983-07-23 8 ilolu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. f > )|l M > >r rcscrralH >t is i\iH /•> /'-'f >/ <i > J k® < I *;irk ii< >i i i ii»: i| >« At Ristorante Mario, Chef Nicita Tindaro shows you a thing dm178 words
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Advertisement235 1983-07-23 8 M'Tm >«& c\ i^ty zvhnder 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 tours a day Paramount Hole! Uanne Panda Road. Singapore 1544 TW: 344235 words
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Advertisement185 1983-07-23 8 QUulU'fi Cuisine en Eivlutton. Deemed the ultimate in gastronomy by discerning gourmets. That's what you'd expcct from a great restaurant like the Harbour Grill. A great place to be. w t Dine in the grand tradition of emperors r^|jg Where sumptuous meals are prepared fJI by masters in Beijing •■IbJ185 words
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Advertisement175 1983-07-23 8 m jyf' >n TM:m 0 4.00pm to I.ooam od weekdays, up to 2.00 am on weekends. f ft For information fic reservations, please call *****22cxt133/917 or direct line *****42 crv Lu l^) restaurant Try our sumptuous delicacies from the Hunan Province. orcma nn Singapore 214, Dunearn Road, Singapore 1129 Tel:175 words
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RAW MATERIALS
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Article1114 1983-07-23 9 COFFEE: Robusta futures yesterday ended the morning with prices £3 a tonne either side of Thursday night's finish.Total volume was 599 lots including 100 crosses and six options. Most active September traded between £1,683 and £1,675 before ending the session at £1,677 against £1,674 at Thursday night's close.1,114 words
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Article160 1983-07-23 9 CHINEBE Priiiee Exefcaage, Singapore, ekslag prices per IN kg yesterday. C*mhl «II: Bulk fob $135.00 sellers, old drum (in second hand drum) fob $148.00 sellers, new drum fob $152.00 sellers. Cspn: Mixed (loose) $80 buyers. Pepper: Muntok white pepper fob Asta NLW $365.00 sellers, Sarawak white pepper faq160 words
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Article196 1983-07-23 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettaa yam: China Blue Phoenix 20s 2,530 32s 3,300, 40s 3,415 (per bale of 400 lbs). Piece geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article331 1983-07-23 9 SINGAPORE: Yesterday's closing prices in S$ per Idlo, 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 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.54.331 words
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Article236 1983-07-23 9 RUBBER PRICES in Singapore yesterday closed slightly lower with August One RSS buyers quoted at '241.00 cents per kilo, down 1.50 cents from Thursday's close. Morning prices were marked down slightly after fluctuating uncertainly around opening levels on speculative selling and covering interest. Afternoon prices held around lunehtime levels236 words
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Article340 1983-07-23 9 RAS price* In cenu per kUo yesterday Ml Int. 1 R.S.S prompt f.o.b. 238 50 Int. 1 R.S.S August 241.00 Int. 1 R.S.S September 245.50 Int. 2 RSS 2SI.OO UK Coot 210.00 lot 9 R S S 227.00 UK Coot 2X 00 Int. 4 R S S 217340 words
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Article105 1983-07-23 9 NOON SSI It aad SMR prim ym Vrimr RA8 SSR 20 SSR SO MRELB (l too pdlM) 11 Um (Cwrwl !•>«■ 1 114.00 ***** AMI ut |Mlt) 216 00N 212. SON ■t (rZwH MU) ■ayara 8«IUr* 218.40 *****N 112.00 214.00N SMRCV SMR L SMR 4 SMR CP105 words
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351 1983-07-23 9 IN THE seven trading days under review, split by the long Hari Raya holiday, the market picked up seven cents only to lose all the gain eventually, Holiday, CaUer, Bath Cm said in its review of the Singapore and Malaysian rubber markets for the351 words
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Article32 1983-07-23 9 Rubber July 22 Singapore: August: 241.00 cents (down 1.50 cents) Malaysia: August: 264.00 cents (down 1.50 cents) Tin: M 530.18 per kilo (up 3.00 cents) 118 tonnes (up 13 tonnes)32 words
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Article73 1983-07-23 9 THE STRAITS TIM price in Penang yesterday rose three cents to Ms3t.lB a kilo, still within the ITA lower range of Ms2t.ls and M$3?.K. Dealers, noting the absence of the buffer stoek manager, attributed the rise to buying interest from Japanese, European and local operators who absorbed slightly73 words
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410 1983-07-23 9 Reuter PENINSULAR Malaysia's production of crude palm oil was 216,839 tonnes in May this year, an increase of 753 tonnes over the previous month's output. But compared with the production for the same month last year, there was a decline of 38,596 tonnes,Reuter - 410 words
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Article132 1983-07-23 9 THE Malaysian crude palm oil market yesterday eased in late active trading on selling on expectations soybean prices might weaken further. In July, south fell M 52.50 to MJ867.50 a tonne while central finished M 52.50 higher at MJ867.50. In August, south fell Mss to MSB6S and central132 words
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Article229 1983-07-23 9 SOYBEAN futures in Chicago on Thursday ended 4Vi to V/t US-cents per bushel higher after trading wildly in thin, nervous dealings. November posted a 41 cent range on the day. Prices collapsed after the early commission house and professional house buying, which pushed September and new crop months to229 words
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Article223 1983-07-23 9 WHEAT futures in Chicago on Thursday closed down 4'/« US-cents per bushel in September to unchanged in new crop July in moderate trade. December posted a 15 cent range. Late buying in December by the Professional House underpinned values at the close. After opening higher in sympathy with strength223 words
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INTERNATIONAL STOCKS
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Article197 1983-07-23 9 JULY a Pr» GROUP B CORBEILLE Alr-Uqulde 4U B S N Oenrali Dumtf 1R3 +0J -a Carre four Financier* de L "Union La/arce Moet-Hennesiy LSI 83 rt% 1238 4-1 -l 4 4-1 C 8 P (TbomaonC»f) Cle Prancalae des Petrole* Credit Ponder 1 I 1 5 Penairoya 42 Radio197 words
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Article76 1983-07-23 9 JULY Dm Hoachst 137 JO 0.7 Aej- Teie fun ten 7110 14UD >1.4 0J 1 Hooch Horten KanUdt KHD 52J0 144J0 vrtM 264.00 >13 3 VS ComBMntenk —I 153.00 JB1.00B 18X30 S.7 0J >u Und* K^MB 148J0 mjo 10L00 363J0 *30 17SJ0 Contl Oumml □aimJer-Beru ri|iit 113-90 «u» Prcuja4<76 words
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Article92 1983-07-23 9 JULY 21 1 Lire Bastofl Bel n>«< 219 -OJ ***** unch £S«±bS 192.19 +275 Tin -290 2M7 -22 vjvnermii Olm *****0 -900 3140 -40 I« Prl» 4910 -110 Inmt 2530 -90 ItaJcementl Ord IUlcu Utwtlt Ord ***** -909 999.19 -19.25 ***** 1200 Mediobanca ***** •100 M llano At* On)92 words
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Article197 1983-07-23 9 JULY 21 Frmne* Action* Sutaaes 201 1H Alueulaae Br no +5 Alumina Dm ID +1 Brown Borerl Br. 1340 uneh Clb« Ocior Br. Cite Oetgj P C 2036 +15 1830 >15 S3-7 WO +10 300 unch IMS +10 Cttm Oslo Rec Credit Sulac Br Credit Satan Rec Befctrowmtt Br.197 words
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Article189 1983-07-23 9 JULY 21 C* Hud Bay Mln bap ou JPH -ft Ahitlhl JS* •K |fl -ft Alcan OH tK Int Pro* Pipe HH Alfoma tl Jnt nta Sl« VI Buk Moot Intl Nickel n -ft Bank Hot* Scotia •N Kerr Add a»H Ml Trt KH unch LoMa* u* -ft BP189 words
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Article276 1983-07-23 9 JULY XI Rand INDUSTRIALS A Alpha aao Abercom ITS AX And CI HO AMlC° P Jons unch -n *15 unch Truat Bk Va Steel Unlaac Wool worth Anglo* Anginal as 119 510 1110 MINING8 an Tin 5 S ♦a a ♦w 100 MI1CWI C O Smith an ssssr= Charier276 words
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Article190 1983-07-23 9 JULY 21 rit AM ***** 24 Ahold 174.00 -4 Akao i rn.no 0.4 AMEV 136 00 3 Amfu 82.00 04 Amrobnk 6440 4-1 gSP-.z:::::::.: MJO 401 BoU Borsuccr Boat BurUt 06 JO OJ 185 JO 17 JO mo 14 0i7 1 Cain* M 80 ■fOj C«l» 282.00 41 Dall190 words
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Article1312 1983-07-23 9 NEW YORK PROFIT-TAKING kept stock prices in check most of Thursday, but a rally of blue chip issues in the final minutes helped the market eke out a slight gain. The Dow Jones Industrial Average, which catapulted ahead more than 30 points on Wednesday, closed at about1,312 words
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Page 9 Advertisements
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Advertisement0 1983-07-23 9 /_@|%@%<)'!;(`>@&;"*[!]}_\_$]-$0 words
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3196 1983-07-23 10 BID and after prices officially listed •ad hi wince» in sod reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Cootracts are quoted3,196 words
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Article3546 1983-07-23 10 1983 High Low Company Last Sale orGr's Div Div Cvr Gr's YTd Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 354 148 Alcom 287 148 Allied Choc 306 154* B A T 22* 410 356 BaU 120 82* Ben 40* 2723,546 words
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Article2271 1983-07-23 10 BID and otter price, officially listed and hiMfiMM is and reported to the Kuala Lumpur Stock Exchange yesterday. with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise sped(led. INDUIVAU AJtasaata (3.308) Mesa (3-» 3406) (14) 330 (5) 3 32 32,271 words
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Article828 1983-07-23 10 THE Stagiptrt stock market recovered mere lest greaad yesterday m seatimeit Improved. Prices epeaed well, aid steady bayiag kept the tradlag tone healtky threeghoat the day. The Bastaeas Times Composite ladex gained B.IS poiats to 118.11 aad tke Straits Times ladastiial ladex reee 7.12 poiats to828 words
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Article438 1983-07-23 10 SHARE prices on the Kuala Lumpur stock market finished generally higher in more active trading yesterday. Overall sentiment was again boosted by steadier conditions on Wall Street. Also, strong buying support in selected counters spilled over onto the market generally. After opening slightly higher,438 words
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Article177 1983-07-23 10 Muagen' prices for July 23/2S SINGAPORE UNIT TRUST DIAMOND MOT S'PORE The Commerce 3.40 3d June July The Savings Fund 196 2 08 Diamond S pore Prog Fund 1.54 1.63 Spore Fd (USI) 0.55 059 S pore Sec. Fund 2.32 2.46 SS 1.15 1.25 S pore Invest Fund177 words
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COMPANY NEWS
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Article57 1983-07-23 11 UNITED Palp t Paper Cwnpuy Limited: Sixteenth AGM to be held at the Conference Room, No 20, Liu Fang Road, Jurong Town, Singapore 2262 on July 28 at 11 am. BUKIT Semhawaag Estates Limited: Seventeenth AGM to be held at 65 Chulia Street, #19-00 (19th Storey), OCBC Centre,57 words
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Article527 1983-07-23 11 Carreat Ex Beaks Date Tatalfar Tstai tar API Payment 3%TE(b) Date Jun 13 Ctoee Jun 23 PajraMe Aug 1 the year 3%TE Pturleaa jmr 2.3%TE(a) Alex HMgs 6%(b) Sep 12 Sep 19 Sep 28 6% 6% ABlaaato 7V4%<b) Aug 11 Aug 18 Aug 31 7Vi% 7W% B Semhtvug527 words
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Article346 1983-07-23 11 Ctopuy Bedferd Parttcalara Proposed bonus issue Ex Date Basks of lfor 1 NYA NYA PAN Proposed bonus issue of lfor 2 NY A NYA Fed Cables Proposed rights issue of lfor 7 $1.50 per share NYA NYA Gesrge Tm Proposed bonus issue of 10 for 45 NYA NYA346 words
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419 1983-07-23 11 BANDAR Raya Developments Bhd, the property arm of the Multi-Purpose group, which is building the luxurious Menara Bangsar condominium at Bukit Bandar Raya, intends to build up a real estate portfolio to some MS2OO million in the next four to five years.419 words
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Article333 1983-07-23 11 FABER Union Sdn Bhd, the property development arm of the Faber Merlin group, is expanding further into Sabah with the construction of a condominium project in Kota Kinabalu. The project, comprising 161 homes, will be launched by the end of this year. Faber Union's general manager333 words
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404 1983-07-23 11 MBF LEASING Mm Bhd, a wheily-ewaed satoMlary «f MBF Htldlngi Bhd, plaaa to veatare lata laternatieaal leasing. Datok Lay Beaa Heeag, maaagiag director sf MBF Balding», said this Is mm «f MBF Leadag's expaaatoa plaas. The eempaay is sa the leak-eat far partem with404 words
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International ROUNDUP
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177 1983-07-23 11 is forming ICI Specialty Chemicals as a new business group to coordinate its specialty chemicals interests. ICI director Brian Smith said expansion plans could increase specialty chemical sales to £500 million annually from around £150 million at present. About hall this growth could come177 words
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171 1983-07-23 11 plans to issue 75 million HK$l ordinary shares priced at 12 each. The company, a maker of household products including ceiling fans, heaters and lighting fixtures, said it will seek a share listing on three of the four stock exchanges the Jar East, Hongkong and171 words
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Article53 1983-07-23 11 said it now has over 93 per cent of Thomas Tilling PLC's ordinary shares and plans to acquire the balance under a statutory scheme of arrangement. BTR has been offering 11 new BTR ordinary shares for every 20 Tilling shares. Its 225 pence a share cash alternative offer53 words
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Article143 1983-07-23 11 chemical maker Diversey Csrp said it has moved its Asia Pacific headquarters to Hongkong from Sydney. Hongkong was chosen as the base for the new headquarters company, called Diversey Asia Pacific Ltd, because of its proximity to the group's major Asian markets, regional vice-presi-dent Jack Taylor said in143 words
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Article69 1983-07-23 11 ex- pects further improvement in earnings for the second half of the year if demand for aluminium is sustained. Alcan reported second quarter earnings of US$3 million, compared with earnings of |5 million in the year-ago period. It said it is beginning to see the benefit of69 words
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Article215 1983-07-23 11 said its strong second quarter operating performance reflects continuing progress within its food and beverage group. In addition to the Heublein results, Del Monte showed particular operating strength in the quarter. Second quarter tobacco sales rose chiefly because of higher excise taxes and price increases in both domestic215 words
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Article, Illustration713 1983-07-23 11 FRASER A Neave's 100 th anniversary this month has provided its chairman an opportunity to recount the group's many achievements over the years. Tan Sri Tan Chin Tuan, who has indicated his intention to resign as chairman after 33 years at the713 words
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Article473 1983-07-23 11 Reuter PROFTT-taking, which hit the booming Australian share market yesterday, came as no surprise to brokers and analysts in Sydney and in Melbourne but they do not see the dip as the start of a major correction. They said the strength which took key Australian indicesReuter - 473 words
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ASIAN STOCKS
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Article418 1983-07-23 11 HONGKONG STOCKS yesterday closed off the day's low on late short-covering, but were still down significantly from Thursday's levels. The fall was attributed to technical adjustments after rises early this week. The tone remained steady underpinned by expectation of an imminent local interest rates cut. Among the418 words
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Article437 1983-07-23 11 SHARE prices yesterday opened firmer but turned easier in the afternoon on profit-taking in blue chips and populars. The market average lost a provisional 26.29 from Wednesday's record closing high to end at 8,993.40 on a volume of 440 million shares. The Tokyo Stock Exchange Index437 words
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Article90 1983-07-23 11 JULY 22 Peso* Acolc Mlnlnf Anglo Phil Apei Mlnlnf B AUu Con 3 B«*ulo OoM B«K: Petroleum Bencuet Con CDCP rim Phil Hides Lepvito B 0015 OjOOI 0.000 too OJO uo 0 1300 unch unch -OJOOO unch unch unch unch Marlnduquc B kUrtteel Oriental B PhU Oximi Phllex B90 words
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Article167 1983-07-23 11 SHARE prices yesterday closed generally higher in moderate trading. The Book Club Index rose 0.36 to 130.06 on a turnover of 37.8 million baht with more than 346,000 shares traded. JULY 22 Bahtt Aofcham Thai AM* Fibre Ajruthajrm In* And Trust Bangkok Bank Bank Of Ayudhajra H 180 unch167 words
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Article401 1983-07-23 11 AUSTRALIAN sharemarkets yesterday closed slightly lower on profit-tak-ing following sharp rises for the past four days but prices generally finished well above session lows. The All-Ordinaries Index finished with a loss of 3.4 points at 668.7. In the previous four days the index had risen 38.7 points. Falls within401 words
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Article395 1983-07-23 12 PROMET Bhd's director, Datuk Abdullah Mohamed, has been identified as the mystery buyer of the 15 per cent stake in Boustead PLC, previously held by Overseas Union Enterprise (OUE). It is understood that Datuk Abdullah purchased the block, disclosed early this month, through his Hongkong395 words
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Article, Illustration518 1983-07-23 12 PROMET Bhd, a marine engineering and steel fabrication company which is fast developing into an Asean construction and development giant, has unveiled detailed plans of a proposed Ms 3 billion resort complex in Pulau Langkawi. The company has acquired about 1,500 hectares of land at Tanjong518 words
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Article772 1983-07-23 12 SHARE prices yesterday drifted to close lower as the week ended on a quiet note. At 3pm, the Financial Times Index was down 2.5 points at 708.4. Golds fell with the bullion price, but US shares were mixed with a firmer bias. Closing middle prices of selected stocks,772 words
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Article62 1983-07-23 12 CITY DeveUpmeata Ltd has reported group pre-tax profits of $14.54 million ($18.16 million) on turnover of $51.2 million ($51.87 million) for the six months ended April 30, 1963. KING'S Hate! Ltd has reported group pre-tax profits of $5.81 million ($5.83 million) on turnover of $17.7 million ($13.66 million) for62 words
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Chief Price Changes
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Article176 1983-07-23 12 Rises Indices U M Flour 700 -*■105 July 21 Bedford 50« 740 +80 July 22 Fuian Ru 170 70 BT Composite: 910.48 918.91 Kamunting 50c M B F Hldgs 50c Johan Hldgs 890 1350 422 885 60 BT Indicator. *****02 *****80 50 42 40 ST Industrials: ST Finance: 942.49176 words
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Article, Illustration152 1983-07-23 12 Rises Indices KT Pau 300 100 Kamunting t 1000 90 Jul 21 Jul 22 UM Flour 725 80 MBT Index: *****72 2KO&S6 Johan 970 50 NST Industrials 1355.59 1362.09 MBF Hldg 460 46 NST Finance: 2489.20 2505.05 Lien Hoe 960 40 NST Hotels: 655.66 656.03 P Chem 1520152 words
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Article51 1983-07-23 12 H.K.HANG SENG Friday 1086 90 Thursday 671.5 Week Ago 633.0 Thursday 1102.64 Week Ago 1077.50 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Friday 806.4 Thursday 805.7 Week Ago 759.0 ALL ORDINARIES Friday 668.7 Thursday 710.9 Wednesday 704.4 Week Ago 688.2 DOW JONES AVERAGE INDUSTRIALS Thursday 1229.37 Wednesday 1227.86 Week Ago51 words
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Article57 1983-07-23 12 Reuter WALL Street stock prices were lower in early trading yesterday as investors took profits gained in the last two days of trading. The Dow Jones industrial average was off 2.21 points to 1227.16 and declining issues were slightly ahead of gainers. Volume was about 6.4 millionReuter - 57 words
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Article179 1983-07-23 12 LANDMARKS Haldlags Bhd (formerly Premium Holdings) has announced changes on its board which now comprises Tan Sri Chong Kok Lim, Tan Sri V Jeyaratnam, Mr Chong You Hiong, Mr Chong Yee Heon and Mr Chong Wai Hiong. Two directors, Mr Lee Yok Khon and Mr Peter Hoong Pee179 words
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360 1983-07-23 12 80UTH Pacific Textile's ehalrmaa tad ****wngiag director, Mr David Nal-Wal Lee, is aegsttatlag to sell a 24 per eeat stoke la the eampaay to a hamipatra The aaasaacement yesterday esaflrmed market talk that ehaages are Immlaeat la the eampaay's shsmhsld360 words
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503 1983-07-23 12 LIM SOON NEO - ■HUH Companies Editor: Mano Sabnani By LIM SOON NEO METRO Holdings has diversified into the lucrative fast-food business by taking up a 25 per cent stake in the local franchisee of two leading American fast-food chains. Its participation in Safeway Fast Food (Pte) Ltd means503 words
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209 1983-07-23 12 STRAITS Steamship has appointed NM Rothschild to advise the company on a takeover offer by Keppel Shipyard Ltd. Keppel earlier appointed DBS Bank to act as merchant banker for its offer for the shares in Steamers that it does not own. This follows209 words
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86 1983-07-23 12 Reuter THE Hongkong and Shanghai Banking Corp announced in Hongkong that it will acquire Hartley Cooper Holdings PLC in a deal worth £6V4 million. It reached agreement with Hartley Cooper on the terms of an offer, 349 pence per 50p share, to beReuter - 86 words
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Page 12 Advertisements
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Advertisement104 1983-07-23 12 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, construction and industrial, trading J and manufacturing and professional practice. They are the best prospects M for recruitment advertising.104 words
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Page 12 Miscellaneous
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Miscellaneous58 1983-07-23 12 WEATHER: OUTLOOK for today: Showers in several areas in the afternoon. Report for 24 hours prior to 7.39 pm on July 22 at the airport: Maximum temperature 30.9 Associated humidity 76 Minimum temperature 25.0 Associated humidity 92 Hours of sunshine 7.75 Rainfall in millimetres Trace Total rainfall for the month58 words
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