The Business Times, 22 October 1983
1983-10-22
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12
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The Business Times
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Title Section10 1983-10-22 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, OCTOBER 1983 60 CENTS10 words
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764 1983-10-22 1 MALAYSIA yesterday introduced a Budget designed to stop the size of its international borrowings becoming a serious problem and the effects are going to be felt along the Singapore plazas. For one of the measures announced in Kuala Lumpur by Finance Minister Tengku764 words
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273 1983-10-22 1 JOHN LIM - By JOHN LIM CRUDE oil prices will not increase for the next year and a half at least, said Pertamina's presidentdirector. Mr Joedo Sum bono. "I believe there will be no more increase, at least until mid-1985, after which prices will probably increase273 words
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610 1983-10-22 1 AFP, UPI PHILIPPINE industry leaders yesterday agreed to cut back imports and accept government controls as the country wrestles with a massive balance payments deficit, in spite of a 90-day breather on repayment of loans. Businessmen volunteered to cut back imports by 15AFP,; UPI - 610 words
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BRIEFLY...
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Article93 1983-10-22 1 Reuter SOVIET President Yuri Andropov has postponed a trip he was due to make to Sofia next week, Bulgarian sources in Moscow said. The decision prompted speculation among diplomats about the health of 69-year-old Mr Andropov, who has been visibly suffering from a degree of physical disability sinceReuter - 93 words
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Article70 1983-10-22 1 Reuter THE Japanese Cabinet proposed an average 2 per cent pay rise for government employees, backdated to April 1, after a zero increase in 1982/83, a government spokesman said. The increase, averaging 4,700 yen a month, was far below the 6.47 per cent rise proposed by theReuter - 70 words
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Article58 1983-10-22 1 Reuter UNEMPLOYMENT in Indonesia will reach 7.1 million this year compared with around one million in 1982. Manpower Minister Sudomo was quoted by a Jakarta business newspaper yesterday as saying that estimates from some quarters that Indonesian unemployment ran into the tens of millions were false. IndonesiaReuter - 58 words
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Article74 1983-10-22 1 Reuter IRAQI President Saddam Hussein narrowly escaped death in an assassination plot, a British newspaper reported yesterday. Quoting reliable Arab sources, the Daily Mail said a group of senior Iraqi army officers were under guard in Baghdad last night. It did not say when the incident took place.Reuter - 74 words
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Article83 1983-10-22 1 AFP A TIME bomb has been found in an elevator in a Rangoon hospital where two injured Koreans arrested in connection with the Oct 9 bomb blast were believed to be hospitalised, it was reported in Tokyo. In a dispatch from Rangoon, the Jiji Press reported thatAFP - 83 words
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Article75 1983-10-22 1 Reuter A MAJOR oil find in the Timor Sea has raised the prospect of further discoveries in the area and the prospect of clashes between Indonesia and Australia over territoriality. Oil industry sources in Jakarta said yesterday that the question of territoriality between Australia and Indonesia inReuter - 75 words
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Article65 1983-10-22 1 Reuter IRAN yesterday said its forces have captured heights inside Iraq in an offensive against Iraqi troops and Iranian rebels in the Kurdish mountains. A communique broadcast by Teheran radio said Iranian forces had destroyed three Iraqi battalions and captured the headquarters of Iraq's 605 th brigade. ItReuter - 65 words
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390 1983-10-22 1 MORE Mppert firms serving Maltjnta'a oil tad gu «pl«r>tl— laiutry are expected to shift from Jorong to Tnaggui. Already, 8 firms, same sf ihem from Jirwg, have set ■p bases la Treaggaau. Esse Production Malaysia lae, the mala cm tractor eagaged390 words
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582 1983-10-22 1 Reuter JAPAN yesterday announced a package of measures, including a halfpoint cut in interest rate, to stimulate the economy and stave off criticism against its swelling trade surplus. Apart from a 0.5 percentage point cut in the Bank of Japan's discount rate toReuter - 582 words
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Article211 1983-10-22 1 FRANK Overseas Consultants Pte Ltd, a gold and commodity trading company, yesterday challenged in the High Court a petition filed by the Minister for Law to wind it up. Its case will be mentioned on Dec 2. Five other gold and commodity firms did not oppose211 words
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Page 1 Advertisements
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Advertisement253 1983-10-22 1 BUSIER BETTER S E Asia 3rd International Exhibition of Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel: *****12 raos THERE is insufficient "serious study" on the development of the local currency capital markets in Asia, said the treasurer of the Asian253 words
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Advertisement98 1983-10-22 1 If golf's your game, Pan-West's the name... at Centrepoint. Now in the heart 1 of the city you can get all the winning names in golf gear < and accessories under one roof. Pan-West Centrepoint. j There's also a fine 1 selection of equip- j ment for all games. I98 words
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Advertisement203 1983-10-22 1 BUSIER BETTER S E Asia 3 r d International Exhitxtion of Prrnting Graphic Arts Equipment Supplies 9-13 November 1983 WORLD TRADE CENTRE ASIAMINT ASIAPRINT '83 An Interfama organised show Tel: *****1? Hongkong Bank MasterCard Gold. The Summit of Achievement. Hongkongßank <Z> or a combined net worth of *****,000. Which makes203 words
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BANKING AND FINANCE
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688 1983-10-22 2 LEE YOKE MENG - By LEE YOKE MENG THERE is insufficient "serious study" on the development of the local currency capital markets in Asia, said the treasurer of the Asian Development Bank (ADB). Mr Edgar J Roberts said that local capital markets have an important role to688 words
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Article591 1983-10-22 2 Reuter ARGENTINA'S military government has reaffirmed its intention to reschedule US$9 billion of public sector external debt by Nov 30, as planned, and has denied a press report that the refinancing process were suspended. Presidential spokesman Eduard Maschwitz said yesterday that "the central bank instruments policy isReuter - 591 words
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171 1983-10-22 2 Reuter LEADING nations will need to collaborate more on exchange rates over the next few years in order to make progress in stabilising them, Bank of England governor Robin Leigh-Pemberton said. "Countries should not overlook the implications for exchange rates of their policiesReuter - 171 words
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Article103 1983-10-22 2 Reuter THE Bank of France spent around one billion francs in the week to Oct 13 to support the franc against the German mark which was still trading just under its Oct 6 record high of 307.05 francs. During the week the franc was coming underReuter - 103 words
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341 1983-10-22 2 THE British government is considering alterations in emphasis in the operation of its monetary policy, although its objective remains unchanged sustainable, non-inflationary growth. Chancellor of the Exchequer Nigel Lawson said. In his first speech to the financial community at the Lord Mayor's341 words
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134 1983-10-22 2 THE Confederation of British Industry believes the time is not ripe for Britain to become a full member of the European Monetary System, CBI president Campbell Fraser said. Britain is a member of the EMS but does not participate in the system's exchange rate mechanism.134 words
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132 1983-10-22 2 Reuter THE Peruvian central bank has sold about US$75 million worth of silver in recent months in order to meet hard currency reserve targets fixed in the International Monetary Fund's threeyear economic adjustment programme for Peru, a finance official said. The decision to sellReuter - 132 words
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445 1983-10-22 2 Reuter CANADA'S bank rate has been set at 9.45 per cent, compared with 9.48 per cent last week. The Bank of Canada yesterday set its rate at y« percentage point above the average yield on the weekly issue of 91-day Treasury bills.Reuter - 445 words
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MONEY AND EXCHANGES
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Article472 1983-10-22 2 THE foreign exchange market saw quiet trading again yesterday. The US dollar was traded within narrow margins against major currencies and closed only slightly stronger from its opening. The US dollar opened at 552.1315/25 against the local unit and was traded to the day's high of $2.1320/30 before472 words
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Article178 1983-10-22 2 THE DOLLAR yesterday closed mixed in light pre-weekend trading, rising to 232.10 yen from 231 JO V at the New York close but (ailing to 2.57» 806 marks from 2.5H0 35. The announcement of a half point cut in the Japanese official discount rate to 5 per cent was178 words
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Article22 1983-10-22 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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Article189 1983-10-22 2 ASIAN RATES ASIAN currency deposit Interbank rates as at 5 pm on Oct 21: U8 Dollar* Offer Bid 7 days 0 9/16 9 7/16 1 month 94 9* 2 months 99/16 9 7/16 3 months 9H 9W 6 months 9\ »H 0 months 915/16 913/16 12 months 10 9* Dm*.189 words
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Article46 1983-10-22 2 RANGE of prices ottered by discount houses on Oct H: Overnight: 3 Call deposits >-3 Closing Buying Selling 3-month Treasury bills 2* 2W 3-month Bank bills 7H 7* 3 months CD 7 6 7 6 months CD 7 1/16 6 15/16 Source: National Discount Co46 words
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Article49 1983-10-22 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 24 to Oct 28: Offered: $120,000,000 Applied for: $212,170,000. Allotted: $120,000,000. Accepted bids: $99.34 approximately 30 per cent; higher bids in full. Average rate of discount on allotment: 2.620 per cent per annum.49 words
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Article363 1983-10-22 2 GOLD futures in Singapore yesterday closed firmer in quiet trading, reflecting higher overseas gold prices. Total sales for the day was recorded at 76 lots while kerb volume was 118 lots. Prompt closed stronger at U*****.10/395.50 an ounce against $393/394 in New York. December at $399.10/399.30 against *397.20/397.80 and363 words
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Article40 1983-10-22 2 New York 9 48B 9.S6B 9.53S 9 60S Zurich 9.CB 10.00B 9 SOS 10.06S 7V. m Singapore rn 9.5SB imv 9 50B 9 60S 9.55S Closing prices in US dollars a troy ounc B. Source: Credit Suisse, S'pore.40 words
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Article31 1983-10-22 2 W Germany 2.99/3.01 Malaysia 3.29/3.31 Philippines 0.42/0.47 Singapore 3.61/3.63 (HK per 10): Burma 1.50/2.50 India 6.20/6.50 (HK per 100): Indonesia 0.82/0.87 Japan 3.34/3.36 S Korea 0.95/1.00 Thailand ....35.20/35.80 Taiwan ...19.00/19.5031 words
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Article92 1983-10-22 2 RENEWED market sentiment that US interest rates were set to ease caused the dollar to fall overnight. Although the decline was apparently halted at the opening in London, the unit opened sharply lower in a thin market yesterday. Opening quotes yesterday: US .1.5002 12 Can 1.8470 8500 Cross 1.230892 words
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Page 2 Advertisements
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Advertisement259 1983-10-22 2 From the internationally and TA"MT I H2 authoritative Jnd. iD O v-;%\ Ibibooks.... JANE'S Fighting Ships 1983 84 Edited by Captain John Moore RN -I 'A\ g 5 r 5 l; S r <x <2 5 JO r s Y* *****.50 The woridwide classic reference since 1898 2E. Last year's259 words
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TRADE AND INDUSTRY
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377 1983-10-22 3 COMPUTER consultants are the highest-paid professionals in the industry here. They draw an average annual salary of $86,000, according to a survey made by the National Computer Board. The survey results are published by the Singapore National Printers in a book, "The Singapore377 words
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396 1983-10-22 3 PRICES of Seven Up drinks went down again yesterday, probably reaching rock bottom at 10 cents a can. They were offered at Yaohan Supermarket, but with a catch customers had to buy at least $20 worth of goods before they could qualify396 words
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Article859 1983-10-22 3 SEMINARS AND COURSES Oct 11-Nov 29 (Tuesdays and Fridays): Production and Quality Control, Institute of Education, National University of Singapore's Department of Extramural Studies 3ct 24: How to Become a More Profitable Sales Executive and a More Professional Sales Manager, Century Park Sheraton Hotel, Consult Management Services Pte859 words
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194 1983-10-22 3 THE Mass Rapid Transit Corporation will be building car parks at its stations in the HDB estates. A housing board spokesman said yesterday that the purpose of providing the lots is to induce HDB residents to take the MRT to work.194 words
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258 1983-10-22 3 KOH TSE YING - By KOH TSE YING AMERICAN orders for local garments are flowing in much faster than those from the rest of the world, according to local garment manufacturers. Already the most important buyer of locally manufactured apparel, the Americans are now the main258 words
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Article20 1983-10-22 3 THE restaurant 1819 is managed by Asia-Pacific Hotels and not owned by the company as reported on Oct 15.20 words
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247 1983-10-22 3 A 30-MEMBER Belgian trade mission headed by Foreign Trade Minister Andre Kempinaire will hold a seminar here next week. The two-day seminar, starting on Monday, will introduce new developments in Belgian building and construction technology to local contractors, government agencies and architects. The247 words
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316 1983-10-22 3 A COMPUTER match-mak-ing service to match buyers and sellers in the travel industry has been successfully installed by Singapore Computer Systems (SCS) for the Singapore Tourist Promotion Board at a cost of $447,000. At a press conference to introduce the system, STPB director316 words
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538 1983-10-22 3 LEE YOKE MENG - By LEE YOKE MENG MORE THAN 1,000 candidates have sat for the precontract examination introduced for life insurance agents three-and-a-half months ago, but only a small number of them have managed to pull through. Business Times understands that only 30 to 40 per cent538 words
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492 1983-10-22 3 THE Housing and Development Board may increase its monthly charges for some car parking lots to 1160 per month per lot if it runs out of space to build more car parks. A spokesman said yesterday that any such rise, a near492 words
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260 1983-10-22 3 THE CONSUMER'S Association of Singapore (CASE) has teamed up with the National Productivity Board to show how the public can liave productivity shopping. A seminar on productivity and the consumer on Nov 29 at the Regional English Language Centre hopes to attract260 words
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Page 3 Advertisements
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Advertisement189 1983-10-22 3 hu As beautiful as a Greek god Thousands of years ago, the ancient Greeks discovered the art of timekeeping. And with it created a mythology as rich as her culture. Today, a fine timepiece is no longer a myth, but a legend. A legend created by the Swiss craftsmen who189 words
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OVERSEAS
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578 1983-10-22 4 UPI. Reuter ARMED with emergency powers, Brazil's military government on Thursday overrode Congress and decreed harsh austerity measures demanded by foreign bankers to rescue the ailing economy. The decree, published in the official gazette, ordered workers' wage hikes slowed and taxes boosted in an effortUPI.; Reuter - 578 words
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Article421 1983-10-22 4 UPI A LEADING US breast cancer researcher said on Thursday new studies indicated that standard breast removal operations might amount to overkill and could safely be replaced by far less disfiguring treatment. Samuel Hellman, physician-in-chief at Memorial Sloan-Kettering Cancer Center in New York, told anUPI - 421 words
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Article757 1983-10-22 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0025 JFK/ORD/ANC/ NRT/TPE CAL CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL SIA SQ41 0720 MAA MAS MH601 0820 KUL CV CVT96 0900 LUX/AUH MAS MH671 0905 KUL MAS MH811 0910757 words
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279 1983-10-22 4 Reuter MOST American oil imports now come from the western hemisphere rather than the Middle East, but the United States remains vulnerable to supply disruptions, according to a private study released this week. The study, undertaken by the Heritage Foundation, said theReuter - 279 words
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Article349 1983-10-22 4 Reuter GATT has been holding high-level talks on cooperating with the International Monetary Fund (IMF) to give more effective help to countries with balance of payments and debt problems, informed sources said on Thursday. The influential "Consultative Group of 18" of the General AgreementReuter - 349 words
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Article259 1983-10-22 4 THE "Taiwan Fund" has had a good start with initial subscriptions of 4.1 million units valued at US$4l million, the International Investment Trust Co, Ltd (ITTC) announced in Taipei on Thursday. The fund, the first local offshore investment fund, allows foreign investors a tax-free access259 words
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174 1983-10-22 4 Reuter US FEDERAL Reserve Beard chairman Pml Voleker hM challenged the prevailing government view e( economies by saying record federal badge! deficits were keeping US Interest rates In testimony before tbe roagreaalsasl Jslnt economic committee n Thursday, tbe central bank chief made it clearReuter - 174 words
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Article179 1983-10-22 4 AFP FRENCH theatre added bark to its traditional bite here on Thursday when a theatrical troupe presented an open-air performance of Aeschylus's "Prometheus Bound" to a panting audience of 20 dogs. The four actors, all human, of the troupe "Unite et Compagnie" said theirAFP - 179 words
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Article, Illustration117 1983-10-22 4 ABOUT SMI stadenta staged n lie-in (see picture above) oa Thursday at the centre of the university town of Freiburg to protest against the planned deployment of US Cruise and Pershing-2 unclear missiles In West Germany. Thousands af school teachers and students throughout the country heldUPI picture - 117 words
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Article990 1983-10-22 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Oparator Gdns FCL Location E Laurel Zlm EUat Liverpool Bay Lampung Tambang VII Khd Repln SS Bridge Sea Hawk Atropos Lag Venture Arnold Maersk PTaft Chev Paul Bristol M Mar Johnson B Butang Sea Glory Accord990 words
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502 1983-10-22 5 AP, Reuter A US State department official said on Thursday there was no evidence but "there are suspicions" that Cuba might have had a role in the upheaval in Grenada that led to the ouster and death of Prime Minister MauriceAP,; Reuter - 502 words
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Article106 1983-10-22 5 AFP JAPANESE businessmen opened talks in Mellansel, northern Sweden, on Thursday on a proposed purchase of five tons of dried reindeer and Scandinavian elk peri ises, a reliable source in Stockholm said. A delegation of three Japanese businessmen arrived in Mellansel on Wednesday, but the JapaneseAFP - 106 words
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600 1983-10-22 5 UPI, Reuter DESPITE high interest rates, the United States's gross national product expanded at a healthy 7.9 per cent annual rate from July through September, the government reported on Thursday. The GNP climbed by almost two per cent above its previous peakUPI,; Reuter - 600 words
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Article198 1983-10-22 5 AFP PRESIDENT Ferdinand Marcos "intends to be a president for 'life" despite massive popular demonstrations and rallies demanding that he resign, according to a well-known economist. In a "country-risk assessment" published yesterday by Business Day, Bernardo Villegas however stressed that Mr Marcos had toAFP - 198 words
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Article, Illustration200 1983-10-22 5 UPI IN SIGNS of recovery in the Israeli economy, partial trading resumed on the Tel Aviv Stock Exchange, closed down 12 days ago. and the shekel rose in price. Though limited to transactions in bonds on Thursday, trading on the exchange showed healthy demand and theUPI; UPI picture - 200 words
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237 1983-10-22 5 AFP THE campaign for the 1984 US presidential election has just barely gotten underway, bat several Democratic candidates are already short of fluids. California senator Alan Cranston Is already USSBM,•M In debt, Colorado senator Gary Hart owes and Ernest Holllngs of Sooth CarolinaAFP - 237 words
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Page 4 Advertisements
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Advertisement23 1983-10-22 4 Pan Am's 7475P Daily At 7.20 am To Hong Kong. It Flies Higher, So You My Smoother. Pan Am.You Can't Beat The Experience.23 words
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Page 5 Advertisements
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Advertisement1759 1983-10-22 5 CREDIT LYONNAIS Head Office: 19, bd des Italiens, ***** Paris. Registered Office:Lyon Singapore Office: 65 Chulia Street #37-01. OCBC Centre. Singapore 0104. Tel: *****7 Cable: CREDIONAIS Telex: CLSING RS ***** ***** Banking expense* Cost of short-term borrowings and inter-bank transactions Central banks, banks and financial institutions Borrowings against public or1,759 words
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MALAYSIAN BUDGET 1984...
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Article496 1983-10-22 6 WEIRDNESS may be in the eyes of the beholder. But not so when the beholder happens to be a dog watching a drama performance by actors clad in lard and sausages. For one thing, dogs are said to have such terrible eyesight that at 10496 words
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Article429 1983-10-22 6 BALANCE OF PAYMENTS ;1 Bernama MALAYSIA'S balance of payments is expected to be in surplus this year after being $614 million in deficit last year. The favourable outturn is expected to come on the back of a turnaround in the merchandise account and a bigger surplusBernama - 429 words
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Article297 1983-10-22 6 Bernama THE highlights of Malaysia's external trade this year are the 13.9 per cent increase in exports. The growth in export receipts, after a growth of only 3.7 per cent last year and a drop of 3.8 per cent in 1981, is helped especially by the coming on streamBernama - 297 words
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Article373 1983-10-22 6 CONSTRUCTION Bernama THE construction sector is projected to grow at 9.2 per cent next year, against this year's expected 8.4 per cent in real terms. The main impetus will be provided by private non-residential construction, especially that of hotels. This year's expected growth rate,Bernama - 373 words
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Article314 1983-10-22 6 PETROLEUM s A n > U MALAYSIA'S crude petroleum exports for this year is expected to increase by 17.3 per cent to about 14,050,000 tonnes from 11,973,000 tonnes last year, following the increase in production of up to 400,000 barrels per day. Total exports314 words
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Article755 1983-10-22 6 THE Bank Bnmlputra affair, and the simmering constitutional row may be giving the Malaysian government headaches, but It can still look forward to economic growth. No country, however, can continually buck the trend suffered by the rest of the world and Malaysia, Indicating some concern about the world755 words
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Article378 1983-10-22 6 ;iM ma 5 > Kg 1 PUBUCpRNDin Bernama THE activities of the major public authorities, especially in the provision of infrastructure facilities and public services, continued to expand, mainly due to the strong demand for electricity supply and telephone services. Total revenue of the public authoritiesBernama - 378 words
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Article385 1983-10-22 7 EPF Hfl" THE Employees Provident Fund (EPF) expects to have a total of 4,256,372 members by the end of this year, an increase of 1.5 per cent over last year's 4,194,447. According to the Treasury Economic Report 1983/84, 31 per cent of the members are385 words
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Article460 1983-10-22 7 AGRICULTURE Bernama THE agriculture, fisheries and forestry sector is expected to register a 3.3 per cent growth rate next year after declining to 2 per cent this year. Although growth is moderate, this sector remains the largest contributor to the gross domestic product (GDP). This sectorBernama - 460 words
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286 1983-10-22 7 BUMIPUTRAS DURING the first seven months of this year, bumiputra capital equity in 261 approved projects was $283.4 million or 43.5 per cent of the total proposed calledup capital of $651.1 million. The capital equity of bumiputra for the same period last year was $692.4286 words
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350 1983-10-22 7 STRAWS in the c Wind THE Mam Rapid Transit Corporation to patting on a grand show today to mark its inauguration. We bear there will he entertain■neat m well. An appropriate song for the ifwdw la (set, It might be good as350 words
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818 1983-10-22 7 COMMODITIES Bernama THE export prices of most of the country's primary commodities are expected to stabilise during the last quarter of this year. Prices of some improved during the year and in some cases a further upward price movement is likely. However,Bernama - 818 words
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Advertisement117 1983-10-22 6 in* plfpl^ -,-r EH "*rw~ r~ i ■r > -<r ■«V "V v*» t ■4r" v 'w -wJT -.\i *fPjj& '|F m %ml\ fWki,., x >gs&t •>' #1 'f r I C.-A M •C. .4 r. «M#a tire 'f* 1 ■■■Ki® 1 |$1 > 1 V <3-* Mf|# i*' m117 words
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Page 6 Miscellaneous
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Miscellaneous901 1983-10-22 6 SINGAPORE 5 MALAYSIA 3 1.00 PM Operant folowed by Sesame Street: This programme introduces us to the letters S and T and the number 9. 2.00 Doctor Snuggles 2.30 Saturday Matinee Rascals and Robbers The Secret Adventures of Tom Sawyer and Huck Finn 4.10 Pre-Otympic Qualifying Round Groupe 3 India901 words
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Page 7 Advertisements
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Advertisement678 1983-10-22 7 i" from The Singapore University Press v "k« VkSIW *o\|p\\\ 1 AW Im «%S Sfd9ti Now available at all leading bookshops. Distributed by |SE» FEDERAL PUBLICATIONS I 2 Jurong Port Road, Singapore 2261 A member of The Times Organisation INDIRECT TAXATION IN ASEAN This book makes available a tremendous amount678 words
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Page 7 Miscellaneous
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Miscellaneous852 1983-10-22 7 -IM-OIE CROSSWORD CRYPTIC PUZZLE 9 Now might be apt to take offence (2, 7) 10 With the stipulation that it's furnished (8) 12 Catch one out on an outing (4) 13 Say you won't put the lights out again? (6) 14 The coin is toned right to the nipper (7)852 words
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Page 8 Advertisements
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Advertisement944 1983-10-22 8 Where to wine, dine and entertain J with the American Express Card H "if you don't already have the Card, call *****33 for an application form" a "Let's Viavp f Nonya Tood VJC this Sunday" "Daddy, what's Nonya food?" "Nonya food is a creative cuisine developed by the early Straits944 words
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Advertisement226 1983-10-22 8 "7 lyf hiL-a "I A jtfc.it place t«.» unwind u irn friends, l et our 2 talented b;inJ\ onuttaiti you with sensational music while you sip over ac«x»! drink. 20% discount on all drinks during happy hours {Spru 7pm daily) Business hours: to f P I For information reservations, please226 words
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RAW MATERIALS
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Article1137 1983-10-22 9 COFFEE: Robusta futures yesterday were firm at midday but below the new contract highs posted earlier in nearby months. Most active Jan was £1,907 a tonne bid, up from £1,896 at the previous close, on a volume of 495 lots. Total morning volume was 1,097 lots, including four1,137 words
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Article159 1983-10-22 9 CHINESE Preface Exchaage, Stagapere, i M claatag prices per 111 kg yesterday. Caesaat all: Bulk fob $167.00 sellers, old drum (in second hand drum) fob $180.00 sellers, new drum fob $184.00 sellers. Capra: Mixed (loose) $103 buyers. Pepper: Muntok white pepper fob Asta NLW $402.50 sellers, Sarawak white159 words
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Article145 1983-10-22 9 THE Malaysian crude palm oil market yesterday closed lower on lack of interest after India rejected offers at its weekly tender, with weaker Chicago soy futures also affecting sentiment. In Oct, south fell Ms2s to M 51,317.50 a tonne, north Msl6 to M 51,329 and central Mslo to145 words
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Article319 1983-10-22 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 100 per cent second class 0.78, 100 per cent third class 0.76, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.61, Special 0.55.319 words
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Article119 1983-10-22 9 SOYBEAN futures in Chicago on Thursday closed on a weak note, off 25'/] to 13' US-cents per bushel in moderately active trade. January posted a 21-cent range, with distant November setting a new contract low. The smaller than expected drop in open interest, which could indicate a large percentage119 words
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Article117 1983-10-22 9 WHEAT futures in Chicago on Thursday closed on a weak note, off TV* to 8V« US-cents per bushel in moderate trade. December posted a range, with September and distant December setting new contract lows. The sharp declines in corn and the soybean complex attracted sympathetic speculative selling in wheat,117 words
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Article31 1983-10-22 9 Rubber Oct 21 Singapore: November: 233.50 (down 4.25 cents) Malaysia: November: 257.00 cents (down 3.50 cents) Tin: M 530.09 per kilo (down four cents) 90 tonnes (down 14 tonnes)31 words
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Article76 1983-10-22 9 THE Stratte Urn price in Peaaag yesterday fell ansther few cents to MtSMI a kite, bit remained within the ITA tower raage ef Ms2f.ls and M$32.M. An iheaaee sf demand far Ugh grade metal ted to the price fall in Kaala Lamenr, with the bnffer stock at the76 words
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Article182 1983-10-22 9 YARN and cotton prices were quoted as follows In Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattsa Yarn: China Blue Phoenix 20's 2,800 32's 3.8». 40's 3.980 (per bale of 400 lbs). Pleec Goads: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and Butterfly182 words
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268 1983-10-22 9 THE market was shaken out of its lethargic trading conditions and values improved by some 7 1 i cents for December One RSS in Singapore. In Malaysia it gained six cents a kilo, H«tM»y, Cutler, Bath C* said in its review of the268 words
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Article290 1983-10-22 9 RA8 prices In cents per kilo yesterday: (per kilo) Buyers Sellers tat 1 R-SS prompt f o b 233.00 94 (04 tat. 1 RSS November 236.00 238.00 tat. 1 R-S-S December 230.75 240.25 tat. 2 R.S.S 230.00 232.00N UK/Coat 229 00 231.00N tat. 3 R.S.S 22S.00 228.00N UK290 words
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Article118 1983-10-22 9 NOON SSI It and SMR prien yw lardar US Naval (Cam* Boy art 1 198.00 197.00 Navaa a bar t Mtk) Dacaaiaar (Farvard Mtk) SSR 20 SSR SO MRELB (1 too paUat) (1 ton paUat) SaUara 201.00N 199 00N •bar sayara 200 00 198-00 Daaaal auara 202118 words
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Article288 1983-10-22 9 THE RUBBER market In Singapore yesterday closed lower with November Oae RSS buyers quoted at 233.50 cents per kilo, 4.25 cents lower from Thursday's close. Prices lost some L 75 cents during morning trading on liquidation of November and December One RSS and trade selling. Prices fell further in288 words
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INTERNATIONAL STOCKS
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Article161 1983-10-22 9 oct ao ru ABN Ahold 3T70 .00 114.00 05 1 Akao AMEV Aaafas 1i00 136.90 98 00 -IJ -0.1 •MVtl Amrobnk Berk Bote BorsumiJ Boaka Burtet tOJO ruo 40.40 unch 0.4 0.2 Caland Cmlr Dell Mlj KImrter 33-90 urn 71 jo 444.00 0.3 IJ +3 Ennla Ffl» Kokker Ounmi161 words
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Article82 1983-10-22 9 OCT 10 Dm 4-/-Aaf-Tei*funk«n BASF 83.00 137 JO -0J 0.4 Bayer BMW Commerxtwnk ConU Oumml Daimler-Bern 196J0 3B6.00B i«n ***** 646.00 -0.7 -<U -4J 4-2 Deutaehe Bank Dreadner Bank OHH 315.00 isooob 142.70 4-1J -JJ Hoechst 166.70 -0-3 Hoesch 88 JOB Horten Kmrcttdt KHD Llnde 172JK 27X00 M3J0 -182 words
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Article87 1983-10-22 9 OCT 20 m FORWARD MARKET Acec Art«d Altur 803 1710 >10 S30 -30 Breaean Canpac Cock tsao -to 2100 -5 178 4-3 De Been 417 4-1 fiDn 2215 -S 8000 -110 Etectrobel Ob-Inno-Bm 2830 unch Oe« MOO >10 or Bru Lamb Hobok 2300 4536 5 "5 Petro Rjrl Dutch87 words
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Article196 1983-10-22 9 OCT 30 Francs Action* guinea moo unch Alusulne Br 730 +1 AlUSUlSSC Ret. Brown Boverl Br. 318 uas -2 -5 Clb* Oelfj Br. 2130 10 Cite Oelgjr P C 1735 -6 Cite Ootcjr Rag. 900 +3 Credit Suisse Br 2125 unch Credit Sulne Ref 406 •2 Elektrowatt Br. 2M0196 words
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Article108 1983-10-22 9 oct ao Lire Butofl 171 JO 3 Bel ***** 750 Ontrmle Ord 1404 54 Cond Ac qua Roma 1M -0.5 Efidamla 7340 303 Plat Ord 3178 7» Oenerail ***** -1600 Oim 3606 4 Ifl Prt» 4360 75 Invest 3672 +51 IUicemenU Ord ***** 1500 it* if 1023 13.5 Lepetlt108 words
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Article191 1983-10-22 9 OCT X C9 Imp OU wrw Abltlbl 23H unch Inco 1 y U«i 46* -14 Int Pro* Pipe ■rre El Alfoma Bant Mont Pant NOVA SccMf to* 46H •f H -fH Int UU Inti Nickel Kerr Add S3H U« 11* unch Bell p|| 30V| H Loblaw B HVt -s*191 words
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Article279 1983-10-22 9 OCT B Rand INDUSTRIALS Trust Bk Un Steel Unlaec Wool worth ISA la M0 1B0 -a unch unch -n A Alpha Abercom AE And a no BO^ unch unch MINING8 asr* Barlow* C O Smith Che ken 3B6 aoo uao 2175 SOB 5 SO 10 10 Anglos Angtvaal 1800279 words
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Article194 1983-10-22 9 OCT 20 Fn La fare? Moet-Henneay Opfl-Parlbas 252.50 -0.5 CORBEILLE 1300 147 -20 1 mr-uquiac AqulUlne Nat Des Petrolc mux 187 JO 4.4 0-3 Radlotechnlque Z 400 unch B 8 N Ocrali Danone C S F (Thomson 2310 -45 GROUP C Com nam I* Cte Francalae d*s Petrolc* Credit194 words
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Article1034 1983-10-22 9 New York STOCK prices on Thursday recorded their first gain since Monday as investors turned to blue chip issues for safety. The rise followed two sessions in which stock prices were battered because of poor corporate earnings, particularly among technology-related firms. The Dow Jones Industrial Average, which1,034 words
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Page 9 Advertisements
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Advertisement27 1983-10-22 9 THE MACDONALD ENCYCLOPEDIA OF FLOWERS TREES Over 500 examples with full colour illustrations. Handy visual guide to blooming seasons. Cultivation requirements Glossary Index. 350 in full colour.27 words
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2934 1983-10-22 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after2,934 words
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Article3568 1983-10-22 10 Gr*» Gr*a Net IBM Last Div D1t YTd P/E Vol Day Ugh Lew Company Sale +or- CT* COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 230 Acma 230 7.5 33 150.0 354 148 Alcom 274 +3 5.0 33 13 243 52 275 271 267 148 Allied Choc3,568 words
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Article179 1983-10-22 10 Mi •'pHc 1 g n s aNoiNuuMrrm TM Commerce 3 42 The Savings Fund l.VT S pore Prog Fund L« S'pore Sec. Fund 2 22 S pore Invest Fund 1.15 S'pore Equity Fund 1.54 m 3.63 2.09 lJBsd 2.36 1.22 1.0 DIAMOND MOT 8TOU Sep Diamond Spore Fd(US»)179 words
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Article2030 1983-10-22 10 BID and offer prices officially luted and business in and reported to the Kuala Lumpur Stock Ex chance yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. DKDURmiALS »fs ishO (4.016) AtoM (2JB 3 00S) (I) 1« (5)2,030 words
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Article843 1983-10-22 10 FOLLOWING Itaraday's iktrp gala, the local stock market fell hack yesterday •a preflt-taklag. Dealers said that lavesters were weMeg to see what the Matayolaa hadget preeeated yesterday has la stare. Hm Bastaeas Times Cempeslte ladez eaded 4.72 peiats lower at IIIJI aad the Straits Hmes ladastrial Index843 words
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Article585 1983-10-22 10 IN SPITE of a favourable and generally painless Budget, share prices in Kuala Lumpur closed easier yesterday after having displayed surprising firmness on Thursday. After a slightly softer start, prices began to slip on lack of follow-through support and by the final bell, prices were585 words
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COMPANY NEWS
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Article, Illustration440 1983-10-22 11 FT ABBA, the Swedish pop group once described as Sweden's most profitable company, is selling out most of its business interests following the continuing controversy surrounding the Kuben Investment Company with which it has been closely associated. Trading in Kuben shares was suspendedFT - 440 words
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Article853 1983-10-22 11 ABN A Eaterpriaea AJeam Carreat Payment 13%I 10%I 24%I Ex Date Aug 23 Oct 26 Sep 15 Baaka Claae NYA Nov 8 Sep 27 Date Payable NYA Nov 28 Oct 25 Tatal far the year 13% 10% 24% Tatal (ac Prevtaaa year 26% 22% 5% Allied Chae Amal853 words
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634 1983-10-22 11 NYT CBS Is actively seeking to acquire "one or more major record companies," the company announced. Walter R Yetnikoff, president of the CBS records group, said CBS had been motivated by the proposed merger of Warner Communications' recorded music business and Polygram Records, whichNYT - 634 words
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326 1983-10-22 11 r 1 Market Talk... A LOCAL stockbroking firm, Associated Asian Securities said it expects Par East LevlngitM Shipbuilding to record net profits after tax of $24.1 million or 53 cents per share for 1983. This figure is significantly lower than the $41.78 million326 words
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Article121 1983-10-22 11 AMALGAMATED Steel Mills Berhad: Eighth AGM to be held at the Conference Room, Metali 1, Level 3, Subang View Hotel, Jalan SS12/1, Subang Jaya, Selangor on Oct 24 at 10 am. MALAYAN Flev Mills Berhad: EGM to be held at the Theatrette, Ground Floor. Bangunan MIDF, 195A, Jalan121 words
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825 1983-10-22 11 MALAYAN Banking Bhd is to give priority to the opening of new branches or representative offices in the major financial centres of the world. Maybank chairman and chief executive Datuk Jaffar Hussein discloses in his latest annual statement that the first branch in the United825 words
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Article369 1983-10-22 11 Reuter FOUR major Japanese department stores have reported poor business results for the first six months ended Aug 31. Spokesmen for Mitsukoshi Ltd, Takashimaya Co Ltd, Daimaru Inc and Matsuzakaya Co Ltd said this reflects slow consumer spending. Mitsukoshi, Japan's largest department store company, onReuter - 369 words
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ASIAN STOCKS
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Article380 1983-10-22 11 HONGKONG SHARE prices yesterday closed mostly lower in sparse trading throughout. Sentiment was mixed and most investors were sidelined awaiting fresh incentives. The Hang Seng Index ended off 5.19 points at 784.92, against a 1.18 rise by midmorning. Among leaders Cheung Kong eased 15 cents to HK$6.2O,380 words
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Article426 1983-10-22 11 SHARE prices yesterday finished the week generally firm in active trading on Australian stock markets with BHP accounting for about a third of the value of business. Near the close the AllOrdinaries Index was 4.6 points higher at 688.5 with the All-Industrials up 6.7 at 883.9 and the All-Resources426 words
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Article388 1983-10-22 11 SHARE prices yesterday rose sharply throughout the day, boosted by the yen's rise against the dollar and the advance on Wall Street. The market average gained a provisional 50.66 to close at 9,370.21. The Tokyo Stock Exchange Index closed at 683.69, up 3.89 on a volume388 words
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Article134 1983-10-22 11 SHARE prices closed firmer yesterday with the Commercial and Industrial Index up 1.86 to 141.61, the Mining Marker up 12.03 to 1,415.51 and the Oils Index up 0.004 to 1.237. OCT 21 Peao* Aco)c Mining Anglo Phil Apex Mining B Mil unch AUu Con B. 4330 -1 Bagulo OoM134 words
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Article176 1983-10-22 11 TURNOVER at the Securities Exchange of Thailand fell to a two-month low in volume and an eight-month low in value on continued uncertainty over the financial health of some local finance companies. Total traded volume of 60,050 listed shares, down 210,145 on Thursday, was the lowest since Aug 31176 words
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Chief Price Changes
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Article175 1983-10-22 12 Rises Indices PMC U M Flour 750 680 15 15 Oct 20 Oct 21 D ft C Bank 50« 326 12 BT Composite: 924.38 919.66 Taiping Cods M Cement I C S Saangyong 50« Textile Corp 1190 10 BT Indicator: *****89 *****11 855 770 545 10 10 10 ST175 words
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Article, Illustration162 1983-10-22 12 Rises Indices Taiping Con 1390 130 Oct 20 Oct 21 M A A 1170 60 M Mosaics 428 28 MBT Indicator: *****91 *****97 PMC 820 15 NST Industrials: 1342.98 1335.75 H L Ind 830 15 NST Finance: 2584.92 2582.68 AMD 340 14 NST Hotels: 659.63 659.75 Falls NST162 words
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Article861 1983-10-22 12 SHARE prices closed mixed with an easier bias yesterday, after retreating from a firm opening, dealers said. At 3pm, the Financial Times index was up 0.8 points at 691.8 after showing a five-point gain at 10am and most constituent stocks ended with small falls. Dealers said the market861 words
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459 1983-10-22 12 CHAN OI CHEE - MHH Companies Editor: Mano Sabnani By CHAN OI CHEE HAW Par Brothers International has sold its remaining parcel of five million Cheung Kong Holdings shares for HK530.61 million. The sale, which works out to an average net price of $6.12 a piece,459 words
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379 1983-10-22 12 UNILITE Electrical Industries Bhd is all set to revitalise its business operations and make a return to the trading board following the High Court's sanction of its reconstruction scheme. Unilite said the High Court has approved its petition to reduce the company's379 words
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Article100 1983-10-22 12 AP THE NEW YORK stock market edged upwards yesterday morning, extending the modest rally it began on Thursday. The Dow Jones average of 30 industrials rose 1.94 to 1,253.46 in the first half an hour. Gainers held a slight lead over losers in the early tally ofAP - 100 words
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Article51 1983-10-22 12 H.K.HANG SENG Friday 784 92 Thursday 790.11 Week Ago closed AUSTRALIAN INDUSTRIALS Friday 883.9 Thursday 877-3 Week Ago 885.1 ALL ORDINARIES Friday «8 5 Thursday 864.0 Week Ago 892.7 FINANCIAL TIMES INDUSTRIALS Thursday 891.0 Wednesday 878.4 Week Ago 888.0 DOW JONES AVERAGE INDUSTRIALS Thursday 1251.52 Wednesday Week Ago51 words
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Article193 1983-10-22 12 LINGUI Developments Bhd, a smallish ptontotton-cnm-property gmp, has torned In depressed eanlap for the year ended June M, IMS. Daring the It-moot* peri•d, gmp pre t»i profits were mere thnn halved to M|7B4,MC tram SI.M million before an the hack mi n 22.1 per cent decline193 words
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438 1983-10-22 12 MALAYAN Banking Bhd, the second largest bank group in Malaysia, plans to set up a joint-venture factoring company with an established international bank. This company will be affiliated with an international factors group, says its chairman and chief executive, Datuk Jaffar Hussein, in the bank's438 words
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Article179 1983-10-22 12 UNITED hterwfl»Ml Securities has announced that its unaudited consolidated net tangible asset backing per share was $1-79 as at Sep 30. 1963. FUJI Iateraatieaal FV (HK) Ltd has informed the stock exchange of Singapore that Mr Shozo Yorita has been appointed a director of the company from Aug179 words
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Article54 1983-10-22 12 CONSTRUCTION »ad Sapptkm Baaae AM (CASH) haa reported graap pre-tax prvflts at MJ2.58 mlUi*n ($757,111) «a taraaver at $IS.M mIIUM (s4.ls mllllM) f*r the year eaded Aag SI, lm. Directors have pnpwH a first aad fiaal dividead at 1« per eeat less tax payaUe am Nav 18 te jwW»54 words
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218 1983-10-22 12 FEDERAL Auto Holdings Bhd (FAHB) has taken over Wira Wearne Malaysia Sdn Bhd, the franchise holder of the Subaru range of vehicles in Malaysia. FAHB, which is the franchise holder of Volvo vehicles, said it has acquired a 60 per cent stake,218 words
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Page 12 Advertisements
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Advertisement70 1983-10-22 12 LEARN: SELF-HELP ACUPRESSURE FOR HEALTH AND RELAXATION ACUPRESSURE COURSE SPECIALLY PREPARED BY: TT. ANG LECTURER LC. ONG Every Tuesday 230 p.m 400 p m Also Books Available on Acupressure for self reference and study For more details, contact Chinese Nature Cure Institute Blk 52. Chin Swee Rd.#o3 33. Spore 031670 words
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Advertisement111 1983-10-22 12 ■ffWi KISS®® iffSg HJUfM 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, i construction and industrial, trading m and manufacturing and professional i practice. They are the111 words
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Page 12 Miscellaneous
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Miscellaneous61 1983-10-22 12 BNEAHHPRI j OUTLOOK for today: Cloudy; scattered showers. Bcpwt far 24 hairs prtar to 7.M pm on Oct 21 at the airpart: Maximum temperature 32.5 Associated humidity 57 Minimum temperature 25.1 Associated humidity 94 Hours of sunshine 9.00 Rainfall In millimetres Nil Total rainfall for the month 65.1 Total rainy61 words
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