The Business Times, 29 October 1983

Microfilm: NL14214
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, OCTOBER 9,1*83 60 CENTS
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  • Article
    Another eight commodity firms to be wound up
    319 1  -  By JOHN LIM EIGHT companies trading in gold and commodity futures were ordered to be wound up by the High Court yesterday following petitions by the Minister for Law, Mr E W Barker. They are Kai Fu Commodities Pte Ltd, Mirador Commodities
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  • Article
    PUB to reduce gas tariffs by 0.55 cent per unit
    207 1 CONSUMERS of Public Utilities Board gas will save about 5 per cent on their monthly gas bills from Tuesday onwards. This results from the PUB's reduction of gas tariffs by 0.55 cent per unit from Nov 1. The board said
    207 words
  • Article
    Standardising building components
    253 1 THE BUILDING industry is on its way to standardising building components such as bricks, tiles, doors, windows, prefabricated wall and floor panels. The Public Works Department has formed a special committee to look into common dimensions in building and engineering design and standardisation of building components. The
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  • Article
    America vetoes UN resolution deploring invasion of Grenada
    203 1 THE United States, abandoned by its allies and berated as an aggressor by its foes, yesterday cast a veto in the United Nations Security Council to block the adoption of a resolution deploring armed intervention in Grenada. Without the veto, the resolution
    203 words
  • Article
    Nakasone 'stakes his political life'
    538 1 JAPANESE Prime Minister Yasuhiro Nakasone yesterday deserted his mentor, *forjner premier Kakuei Tanaka, saying he "will stake my political life" to force Tanaka to give up his parliamentary seat. But Mr Nakasone's fiery determination turned into a damp squib several hours later. Emerging sombre-faced after
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  • Article
    Lock icon US leading index rises by 0.9pc
    240 1 UPI THE US government's sensitive index of leading economic indicators climbed 0.9 per cent in September, the strongest improvement in four months, the Commerce Department said. The month's formation of new businesses showed the biggest advance among five indicators that contributed to the overall
    UPI  -  240 words
  • BRIEFLY...
    • Article
      Lock icon Continued fighting
      75 1 Reuter AMERICAN Secretary of Defence Caspar Weinberger said fighting was continuing on Grenada between US-led forces and three or four small pockets of resistance by Cuban forces. Mr Weinberger, speaking in a CBS television interview from Montebello, Quebec, where he is attending a meeting of Nato defence ministers,
      Reuter  -  75 words
    • Article
      LNG plant expansion
      57 1 THE two trains in the expansion programme of Indonesia's liquefied natural gas (LNG) plant at Aceh, Sumatra, will be completed early next year. Sources close to Pertamina said yesterday that the trains will produce a total of 3.3 million tonnes of LNG a year, bringing plant capacity
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    • Article
      Lock icon Sale of submarines
      83 1 Reuter THE Dutch Cabinet will discuss the possible sale of submarines to Taiwan by a Dutch shipbuilder in spite of protests by the Chinese charge d'affaires in The Hague, an economics ministry spokesman said. The shipbuilder, Wilton-Feyen-oord of Rotterdam, has received a letter of intent from Taiwan
      Reuter  -  83 words
    • Article
      Lock icon Japanese surplus
      57 1 UPI JAPAN posted a U552,688 billion surplus in the current account in September, bringing the April-Sep-tember figure to a record $13,189 billion in the black, the government said. The new six-month record topped the previous $9,725 billion current account surplus set in the first half of fiscal 1978.
      UPI  -  57 words
    • Article
      Lock icon Lifting of controls
      76 1 Reuter THE French government will lift its controls on the amount of money French tourists may take abroad on Dec 20, Secretary of State for Tourism Roland Carraz said. He told a congress of the National Travel Agents' Union the government will return to the former system
      Reuter  -  76 words
    • Article
      Lock icon Shipping unaffected
      82 1 Bernama SINGAPORE and Malaysia yesterday agreed that steps should be taken to ensure that any efforts to reclaim parts of the coastal areas of either side should not interfere with the movement of ships to and from Pasir Gudang. Malaysian Deputy Foreign Minister Mr Abdul Kadir Sheikh Fadzir
      Bernama  -  82 words
    • Article
      Lock icon Possible finding
      88 1 UPI SEARCHERS yesterday located an unidentified object on the bottom of the stormy South China Sea and an official said it could be the Glomar Java Sea, the US oil drilling ship missing with at least 81 Americans and Chinese on board. Ships equipped with sonar sped to
      UPI  -  88 words
  • Article
    Nine groups to submit proposals for MRT design
    290 1 THE MKT OrjMradM bi pre-qaallfled alee arehltectml aai eaglaeeriag jelat veatarea la sahmlt prepeeak far the dealga af dvil warka far Phaae IA af the MKT preject. The graapa were selected tram a Hat af n appUcatiaas received fram laeal aad iateraatfaaal
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  • Article, Illustration
    Bogaars, Chee Onn join board of Steamers
    228 1  -  By CHAN OI CHEE GEORGE Edwin Bogaars and Lim Chee Onn have been appointed to the board of Straits Steamship. Mr Bogaars, who is the chairman of the Keppel Shipyard group, takes on the same position at Steamers, following the recent resignation of
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  • Article
    Control on cars will remain despite MRT
    115 1 CAR-restraint policies will continue even after the Mass Rapid Transit system is operational. Dr Yeo Ning Hong, Acting Minister for Communications, said this during an interview with the Singapore Broadcasting Corporation telecast last night. The need to continue such measures was faced by
    115 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      32 1 BUSIER BETTER SE Asia 3rd International Exhibition of Machinery Materials for Packaging 9-13 November 1983 WORLD TRADE CENTRE ASIAPACK '83 An Interfama organised show Tel *****12 BT GOLF COMPETITION TEE-OFF TIMES-Page 7.
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      Page 1 Advertisements Column 2
      134 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. V *r. n i us *s Tests carried out by a Sw/ng Robot, the most reliable golf testing equipment to date, have proven Yamaha carbon composite clubs to be top in carry or distance, top in directional stability, top in strength
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      Page 1 Advertisements Column 3
      266 1 BUSIER BETTER S E Asia 3'd International Exhibition ol Printing Graphic Arts Equipment Supp»ies 9-13 November 1983 WORLD TRADE CENTRE ASIAPRINT '83 An Interfama organised show Tel: *****12 ASIAPRINT Deoie^ ASIA WATCH CiMTK •01 '6 Kcrtong shopp*V C«otf« CMfW CMIONO IJtWHUM) *03 39 03 41 SN3* Cenhe COtTMA WATCH CIMTW
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  • Page 1 Miscellaneous
    • Miscellaneous
      Page 1 Miscellaneous Column 1
      211 1 KMDS MARTIN Feldstein says US banks must continue to lend to nations that are already heavily in debt in order to avert a worse international economic crisis Page z AMERICAN interest rates have little room to fall in the next few months Page 2 MORE companies are sending their staff
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  • BANKING AND FINANCE
    • Article
      Lock icon US banks urged to continue lending
      459 2 Reuter THE chairman of President Reagan's Council of Economic Advisers, Martin Feldstein, said yesterday that US banks must continue to lend to nations that are already heavily in debt in order to avert a worse international economic crisis. "They must continue to lend more
      Reuter  -  459 words
    • Article
      Lock icon Hungary obtains 16.1bn yen loan
      141 2 Reuter THE Hungarian National Bank has signed an agreement in Tokyo for a 16.1 billion yen syndicated loan from the World Bank and a consortium of 19 Japanese banks for agricultural and energy projects. The Long-Term Credit Bank Ltd and Fuji Bank Ltd, the joint
      Reuter  -  141 words
    • Article
      Lower net income for BankAmerica expected
      409 2 WALL Street analysts have cut their estimates of BankAmerica Corp's net income for this year and next as a result of lower than expected third quarter earnings. James Carter of Merrill Lynch, Pierce, Fenner and Smith Inc, said BankAmerica's third quarter net income per
      409 words
    • Article
      Lock icon American rates have little room to fall
      157 2 Reuter UNITED States interest rates probably have little room to fall in the next few months, but low US inflation and the improvement in its budget position largely rules out any strong rates rise. Dresdner Bank AG management board chairman Hans Frlderichs said
      Reuter  -  157 words
    • Article
      Lock icon Yen should be stronger, says Maekawa
      147 2 Reuter BANK of Japan governor Haruo Maekawa sad yesterday that the yen should be stronger than it is because of Japan's growing current account payments surplus. He said he welcomed the relative steadiness of the Japanese currency against the US dollar since the cut
      Reuter  -  147 words
    • Article
      Lock icon US bonds move surprises many
      323 2 Reuter THE US Treasury's announcement that next week's November refunding will include reopening of the 12 per cent bonds of 2013 for auction on a yield, rather than price, bads took some securities dealers by surprise. However, Treasury officials said on Thursday that, while the
      Reuter  -  323 words
    • Article
      Lock icon Decline of C$450m in Canadian money supply
      292 2 Reuter CANADIAN narrowly defined money supply 14-1 fell by Cs46o million to 128 93 billion in the week ended Oct 19, Bank of Canada said. M-IA, M-1 plus daily Interest chequable and nonpersonal notice deposits, fell 1583 million to $37.22 billion, and M-2,
      Reuter  -  292 words
    • Article
      Lock icon Indian companies to raise loans
      193 2 Reuter POUR Indian companies are to raise loans totalling US$lBO million in the Euro-currency market in the next few months, bankers in Bombay said. They said Maruti Udyog Ltd, which produces small cars in collaboration with Suzuki Motor Co Ltd, is seeking the largest credit
      Reuter  -  193 words
    • Article
      Lock icon SEC proposes extending rules to banks
      266 2 Reuter THE US Securities and Exchange Commission in Washington has proposed to regulate banks as brokers if they offer services similar to those offered by securities brokerage firms. The proposed rule, which will be subject to public comment, would remove the current exemption which
      Reuter  -  266 words
    • Article
      Lock icon Supervisory body set up to monitor BMF
      285 2 AFP MALAYSIA'S governmentowned Bank Bumiputra has set up a supervisory committee to monitor and supervise the decisions of its Hongkong subsidiary, Bumiputra Malaysia Finance (BMF). Chairman of the United Malays National Organisation (Utnno) youth economic bureau, Datuk Najib Abdul Razak, said the creation
      AFP  -  285 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        447 2 THE US dollar continued to be traded within very narrow margins against major currencies on the foreign exchange market yesterday. Trading was very quiet. The US dollar opened at 552.1345/55 and hardly moved against the local unit. Closing saw the US dollar at the same level against the
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      • Article
        Tokyo
        136 2 THE dollar yesterday closed slightly firmer at 232.90 yen, compared with the 232.60/70 New York close, In thin and featureless trading. Yen/dollar turnover was $725 million, with many dealers and traders on the sidelines In the absence of fresh factors. Buying of marks by some foreign banks to adjust
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      • Article
        PLR
        22 2 THE average rate at which major Singapore baaks are currently prepared to lead to their best customers is 8.96 per cent.
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      • Article
        ASIAN $
        183 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Oct 28: USIMkn Off.r BU 7 days 9 9/18 97/16 1 month 9 9/16 9 7/16 2 monlhi 911/16 99/16 3 months 911/16 99/16 6 months 913/16 911/16 9 months 9 19/16 913/16 12 months 101/16 919/16 Dm twin.
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      • Article
        Discount
        44 2 RANGE a( prices oflei ped by dlscount bouses oo Oct B: Ownpt: J Call deports: 1-3 CM* r B-yiM 3-month Seffix Treasury bills 2H 2H 3-month Bank bills 7* 7* 3 months CD 7H 7H 6 months CD 7H 7* Source: National Co
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      • Article
        London
        71 2 THE dollar yesterday opened mixed in quiet, featureless trading, although it remained underpinned at current levels. There was continued nervousness over the recent invasion of Grenada and bomb attacks in Beirut, with dealers reluctant to go short of dollars ahead of the weekend. The dollar opened at 2.6153/63 marks
        71 words
      • Article
        Gold
        294 2 GOLD futures in Singapore yesterday closed firmer in light trading reflecting higher overseas gold prices. Total sales for the day were recorded at 124 lots while kerb volume was 159 lots. Prompt closed stronger at U*****.30/387J0 an ounce against $385/386 in New York, December at 1390.40/ 380.50 ($388.80/389J0) and
        294 words
      • Article
        Silver quotes
        36 2 New York 9.10B 9.588 9.125 9 0S Zurich ♦JOB 9 MB M5S 9 71S WM Singapore MSB 9.56B MOB 9 SIS Closing prtc w in US dollars troy ouno t. Source: Credit S, S'pore
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      • Article
        Hongkong
        112 2 STERLING was little changed at U5f1.4932/40 yesterday, against an early $1.4932/39 and below the US close of $1.4945/55. The Hongkong dollar eased slightly to 7.7985/8015 to the US unit from 7.7955/85 and the late 7.7960/90 in Hongkong on Thursday. Dealers noted liquidity demand in the local money market remained
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      • Article
        Treasury bill tender
        67 2 RESULTS of tender held yesterday for 91-day bills (to be issued from Oct 31 to Nov 2) and 182- day bills (to be issued on Oct 31): •VdeybMa It2-d«y bMa Offered: $130,000.000 $15.000.000 Applied tar: $159,000,000 $34.000,000 Allotted: t120.000.000 $15.000,000 Accepted M>: 999 34 <98.65 approximately higher
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      188 2 '+;%][?>{[@{]]<^@'[^+.+&+<"&}{" All you need to know -£*k t O s A jEDfTEDBY ANDREW HACKER A provocative and entertaining portrait of America today —the people, the problems, the possibilities From the time the Census was mandated by the Constitution, the U.S. government has compiled thorough and systematic information about American society.
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      Page 3 Advertisements Column 1
      158 3 Hong Seh Motors Pte Limited proudly announce that they have been appointed by Maranello Concessionaires Limited (UK) as the sole distributor in Singapore and Brunei for Car enthusiasts are invited to view the Ferrari cars at the Reception Hall, Mandarin Hotel (sth floor, South Wing) today (Saturday 29th October) from
      158 words
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  • TRADE AND INDUSTRY
    • Article
      Inchcape to expand areas of cooperation with Bell
      420 4  -  By KOH TSE YING BRTTISH-based Inchcape PLC and the American helicopter group, Bell Helicopter Textron Inc, are likely to cooperate in other fields following their recent Southeast Asian Joint venture called Bell Helicopter Asia PteLtd. The specific areas of activity, however, have
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    • Article
      Batch of canned longans unfit
      114 4 THE Ministry ef the Eavtv ratmeat has feud a batch •f eaaaed toagaas tram HUM Fish Bird, to be aafit 2 far eMsunptlM. Samples tt the eaaaed trait were toaad to eaatala bacteria, ladteattag that the lead has net beea praperiy prtttmti tor eaaaiag. At
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    • Article, Illustration
      PEOPLE IN BUSINESS
      197 4 EDI Associates Pte Ltd, distributor of Xerox Learning Systems, has assigned Mu Brace Steveaa, director, market responsibilities for consultation on Xerox Learning Systems training programmes for Singapore and Malaysia. Mr Stevens has been directing EDl's quality management division for the past three years. EDI has appointed Felicity
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      676 4 ARRIVALS Service Local Operator Namber Time From SIA SQ11 0010 LAX/TYO s PAA PA5 0015 JFK/SFO/HKG .FT FT71 0025 JFK/ORD/ANC/ CAL NRT/TPE CI331 0150 TPE BA BA12 0150 BNE/SYD/ADL "SIA SQ41 0720 MAA iMAS MH601 0620 KUL cCV CVT96 0900 LUX/AUH MAS MH671 0905 KUL :.mas MH811
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    • Article
      More companies keen on English courses
      704 4  -  By MONICA GWEE MORE companies are sending their staff for business English courses designed specially to meet their needs. The Language Teaching Institute, a subsidiary of the Regional Language Centre here, has doubled its language courses for organisations to serve the demand from local
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    • Article
      Film on 1934 London to Melbourne Air Race
      537 4 NOSTALGIA will fuse with present aviation science when a Dutch television station sets up camera and light* 1 at Changi Airport and Seletar air-base in January. The Dutch national television station, Nederlandse Omroep Stichting (NOS), will work with the Singapore Tourist Promotion
      537 words
    • Article
      Mobil Polymers sets up regional HQ in S'pore
      303 4 MOBIL Polymers International, a whollyowned subsidiary of Mobil Chemical Company, has set up its regional sales headquarters in Singapore to expand its global marketing activities to cover the Asia-Pacific region. The Singapore general manager, Mr Ralph Spencer, said the company is in
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    • Article
      Two more outlets for Famous Amos
      187 4 FAMOUS Amos, a chocolate chip cookie company, will open two additonal outlets in Singapore to increase its market penetration. The company is expected to spend an estimated $100,000 to 1150,000 on equipment and fittings for the new outlets. The target sales for next year
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    • Article
      SHIPS IN PORT
      1003 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator OdtM FCL Location Sea Fortune 068N 29.10.83 2300 Eastern M TA 3 0900-1100 B3 Johore Br 24A 29.10.83 2200 Kawasaki FSB 0600-1000 P2 Nlag&42 19/83 29.10.83 2300 Kalimantan FSB 0900-1100 L7 B Penaga 114/83 30.10.83
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    • Article
      Daily standby aircraft for shuttle service
      280 4 SINGAPORE Airilaea Malaystaa Alriiae System (MAS) will have aircraft mm ■taadhy tar the flagspsni Kuh Lampar shattle service daily trmm Not 1. At tee mimtmt, toth airHam have am aircraft mm staadhy ttm times a week I» meet —expected leaui duiag peak km. Altheagh
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  • OVERSEAS
    • Article
      Lock icon Opposition's demands an alternative to violence says Laurel
      449 5 UPI OPPOSITION leaders sent thousands of women marching in Manila yesterday and issued seven conditions for participation in next year's elections in a bid to force President Ferdinand Marcos to "resign or run" in the polls. The women began gathering at noon
      UPI  -  449 words
    • Article
      Lock icon S Africa amendment a setback for Reagan
      373 5 UPI < IN A key setback for President Reagan, the House of Representatives on Thurs- day approved export legislation prohibiting new US investment in South Africa restricting his ability to extend US law to foreignbased subsidiaries. In completing several weeks of sporadic work
      UPI  -  373 words
    • Article
      Closed down SEDC firms lost M$95m
      249 5 SUBSIDIARY eismparim Malaysia'* Stole Bewail c Development Carparatto—(SEDC) aad ageaetos ti the Pakdc Enterprises Mtatotry that have ceased iperatti—toe—red lasses totalling mare thaa *6 milllea. The Negri SemMlaa Sagar Brtlanry last acre thaa SSLS milllea er aeariy If per oeat si the total lasses.
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    • Article, Illustration
      Lock icon American troops got to Grenada 'just in time'
      530 5 UPI PRESIDENT Reagan said US troops got to Grenada Just in time to prevent Fidel Castro from carrying out a plan to occupy the island and transform it into a Soviet-Cuban outpost to export terror in the Caribbean. Mr Reagan also delivered
      UPI; UPI picture; UPI picture  -  530 words
    • Article, Illustration
      Lock icon US warns Taiwan against making counterfeit goods
      383 5 Reuter A US mission investigating counterfeiting in Taiwan has warned that the island might lose its preferential trade status with the United States if it did not stop the illegal practice. The mission from the congressional sub-committee on oversight and investigations told reporters
      Reuter  -  383 words
    • Article
      Lock icon China denies subsidy charge
      321 5 Reuter CHINA on Thursday angrily denied charges by American businessmen that its textile exports were subsidised and warned Washington that the issue could have "extremely grave consquences" on bilateral trade. A foreign trade ministry statement carried by the New China News Agency (NONA) regretted the US
      Reuter  -  321 words
    • Article
      Lock icon More power from new ceramic engine
      185 5 UPI ISUZU Motors said on Thursday it had developed a ceramic internal combustion engine that generated more power than the conventional type while cutting fuel consumption by half. The prototype, a 1995 cc turbo-charged diesel model, would be displayed at the Tokyo Motor Show
      UPI  -  185 words
    • Article
      Lock icon Nato to scrap 1400 unneeded nuclear warheads
      409 5 Reuter NATO ministers announced on Thursday that they had decided to reduce the alliance's nuclear stockpile by 1400 old, unneeded warheads and urged the Soviet Union to similar reductions In its arsenal. At the same time they said they planned to go ahead
      Reuter  -  409 words
    • Article
      Lock icon Dole sets out plan to cut budget deficit
      223 5 Reuter US SENATE finance committee chairman Bob Dole announced his long-awaited proposal to reduce the federal deficit by USH2O billion over three years. The plan includes 156 billion in tax revenue increases, including a temporary five per cent corporate franchise tax. Mr
      Reuter  -  223 words
    • Article
      Lock icon Opec output still exceeding quotas
      253 5 Reuter AN OPEC watchdog committee has sidestepped the problem of oil output quota violations by member states, leaving it to be tackled by a full meeting of the exporter group in early December. United Arab Emirates (UAE) oil minister Mana Said al-Otaiba, who chairs the
      Reuter  -  253 words
    • Article
      Lock icon Plan to boost tourism in Australia
      183 5 AFP AUSTRALIA has signed an agreement with the United States aircraft company McDonnell Douglas to boost the country's tourist industry. Tourism minister John Brown said that under the agreement, signed In Canberra on Thursday, the McDonnell Douglas would "use Its best endeavours" to promote
      AFP  -  183 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      94 5 If golf s your game, Pan-West's a the name... at Centrepoint.,' Now in the heart of the city you can get all the winning names in golf gear and accessories under one roof. Pan West Centrepoint. There's also a fine selection of equipment tor all games. Drop by and browse
      94 words
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  • Article
    The long arm of computer
    483 6 COSTLY investments in computers usually take a few years to be recouped. This was not the case with the Inland Revenue Department. It installed a computer in April last year and has since recovered its investment many, many times over by reining in errant tax-payers.
    483 words
  • Article
    Lock icon Vicious circle for world trade, finance
    930 6  -  By DAVID SMYTH AP WORLD trade and global finances are entangling each other in a steadily tightening knot, threatening the international economy with a slow form of strangulation. International commerce actually shrank by 2.5 per cent last year, according to the International Monetary Fund
    AP  -  930 words
  • Article
    Lock icon 'Technology is shrinking the globe'
    423 6  -  By STEVEN SYRE UPI ITS A mull world, ud Theodsre Levitt ■ays technology Is making It smaller shrinking the glebe Inte Me Mg homogeneous bell fer companies that sell products te so international market. Mr Levitt, t Harvard Basin ess Scheel professor, says multinational corporations
    UPI  -  423 words
  • Article
    Hongkong furs go international
    543 6  -  By ANN SCOTT SLEEK mink, linx and sable coats glistening from display cases in Hongkong shops look as out of place as bikinis at the North Pole. But this sweltering, subtropical British colony is a fur fashion empire. Cheap labour, low taxes, and efficient transport make
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      127 6 r 'j K \lwavs the last to know Are you the one? When you're in business yoii need to constantly be in the know. About trends, the latest developments around you. the health of the economy, rise-and-falls of stocks and shares. In every monthly issue of Singapore Business Magazine we
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      43 6 w U) "t BriStcW'.' Flank Dicfcens I fS* S,~S?LS^te?BSSIi CO. Rer OUtf oRDeR Nunaßeß ORD&R 'Rt4D U)OULD PvDV»S£ iOU THRT L£_GPIL i U»LL DRoPP£D J THIS mPOYeR IS KCXJ CONSiDej?eD L Closed n N/OURS FRITHPULL' nV etc etc fc-KC: RX)R 'oOHiTe. v FEP^He^S...
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      881 6 SINGAPORE S OPM Opening foAowtd by Stum Street: How to use the letters S and T, and the number 9. 0 Doctor Snuffles (Children's programme) D Saturday Matinee The Last Days of Pompei 5 Hanya Untuk Mu (Malay/r) 3 ABC Wide World of Sports 5 The M New Popeye Show
      881 words
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  • Article
    Life assurance as offshore investment
    1336 7  -  EXPATRIATE INVESTMENT By DAVID YOUNG IN RECENT years, one of the main growth areas in the investment world has been in the Held of offshore funds. For expatriates, conventional wisdom has it that these offer the most appropriate investment vehicles. Generally, they are tax efficient
    1,336 words
  • Article, Illustration
    Thirteen Singapore professional golfers taking part
    650 7 THE Business Times annual golf tournament will be played tomorrow to celebrate the paper's seventh birthday. For the first time, this year's tournament will be played over the picturesque new Serapong course on Sentosa. More than 120 players, including 13 local professionals, will take
    650 words
  • Article
    The quest for tourists: We must reconsider attitudes
    737 7  -  Letter to the Editor R MORTIS THE article In Business Times (Oct 18, 1983) on the decline of tourism is topical, yet much of this decline is due to the world recession and tightening of belts in many countries previously affluent. But
    737 words
  • Article
    Piling sites and in Malaysia
    327 7 OOflOQfl g COMPENSATION claims for dead terrapins and a holiday in Malaysia were filed with a contracting company, Low Keng Huat. Both arose from the company's condominium project at Marine Parade, Mandarin Gardens. The first bill came from someone who calls himself a terrapin breeder.
    327 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      435 7 A gilt-edged investment for the year ahead 'A As an executive in the fastest growing economic region in the world you have to be one appointment ahead of your competitors all the time. The 1984 Times Diary has been carefully designed as a gilt-edged investment for the region It is
      435 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      763 7 -IR-OVE CROSSWORD CBYTTIC PUZZLE ACROSS 8 He gave the cleaner a cock-and-bull story (7) 9 An unknown? That's quite unprecedented (7-2) 13 A bit of a cat! (5) 14 Fly (or an hour aad more (5) 15 Having left one scene out, authorise it (7) 16 Become pale and loae
      763 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      349 8 Where to wine, dine and entertain S§H with the American Express Card BMH. H you don t alread y have the Card, call *****33 for an application torn" "Let's hflvp VJt this Sunday" "Daddy, what's Nonya food?" "Nonva food is a creative cuisine developed by the early Straits settlers. It
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      Page 8 Advertisements Column 2
      174 8 titJAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. 1 f >'<>;» f» 111 <1 tJ, lor n 'scrcat'j ins n i!! >/' V> 7 '-4 —'> cii(tir\ I *:ii'k H«>ii ii££:i|»«n*«■ JiM *>W^r I s*l The Bali Hut Coffee House is upgraded and refurbished No*, bright and
      174 words
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      Page 8 Advertisements Column 3
      257 8 V A 'H Q O m K5 <2 (2 Discottieqi/e S. We're blasting off tonight and every night at Para Wave Discotheque Take off to the stars... groove to the pulsating rhythms spun by the dynamic music makers. Solosa Sound Services BusJrwss Hour* A First Drink Charge Wsattays Sunday* 9pm
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      Page 8 Advertisements Column 4
      161 8 »nJV« s A choice of 20 dclicious teas. Silver service, naturally. And light, classical music to accompany it all. tf The Music Room. II At the Hilton. ft" a f JU Dine in the grand tradition of emperors m PINE COURT Where sumptuous meals are prepared by masters in Beijing
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      Page 8 Advertisements Column 5
      220 8 ki X iZbi i a A Uic it plan !<» mi win J v. it} i frmi u k. 111 our 2 i,ilout> ii h uuk fuicti nt) 1> >n unli xtis.<rioiMl music v. lull- i«iu Nip over .»i«x»l drrnl-. 20'» discount on all drinks dunnu, liappx hours sspm 7pm
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      1147 9 COFFEE: Robusta futures yesterday were £3 to £13 a tonne higher at midday in quiet trading, except for May which ended the morning £1 lower. Most active Jan was £1,854 a tonne bid, up from £1,848 at the previous close, on a volume of 513 lots. Total morning
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    • Article
      Produce exchange
      159 9 CHINESE Preface Exchange, Stagapere, sees eMag prices per IN kg yesterday. Ceesaat «II: Bulk fob $165.00 sellers, old drum (in second hand drum) fob $178.00 sellers, new drum fob $182.00 sellers. Cepra: Mixed (loose) $96 buyers. Pepper: Muntok white pepper fob Asta NLW $472.50 sellers, Sarawak white pepper
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    • Article
      PALM OIL
      112 9 THE Malaysian crude palm oil market yesterday rose on short-covering, in line with higher Chicago soy complex futures. In Oct, central and north firmed Ms2s to M 51,340 a tonne while Nov in the south rose Mslo to M 51,320. The refined market was featureless on lack of
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    • Article
      RICE
      317 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent jFirst 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.
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    • Article
      SOYBEAN
      75 9 SOYBEAN futures in Chivago on Thursday closed 12 V< to 25 US-cents higher in active trade. November traded in a 12-cent range. Locals sold on the day in absence of new fundamental news following the lower silver markets. When the market refused to fall further, the locals turned active
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    • Article
      WHEAT
      167 9 WHEAT futures in Chicago on Thursday closed mixed, up V« US-cent per bushel in December to off two cents in September in light trade. December traded in a 6V«cent range on the day. Slow country movement kept December firm in relation to deferreds. However, the outlook for slack export
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    • Article
      CLOSING PRICES
      32 9 Rubber: Oct 28 Singapore: November 232.00 (down 0.50 cent) Malaysia: November: 254.7 S cents (down 1.26 cents) Tin: M 530.14 per kilo (down two cents) 84 tonnes (down 11 tonnes)
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    • Article
      Straits Tin
      75 9 THE Btratta tti price tn Peaaag yesterday fell twe cents to MfM.l4 a kite, remaining within the ITA lewer range ef $».15 and $SLN. A lack sf demand enpled with sterling's (ail ftgaia* the Malaysian dollar led to the decline despite steadier I iniia advices aid a small
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    • Article
      TEXTILES
      197 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Ottaa Yam: China Blue Phoenix 20 s 2,880. 32's 3,920, 40 s 4,100 (per bale of 400 lbs). Piece (Mi: China Butterfly and Globe Brand unq, Dragon Head unq. Five Lambs unq, Flower
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    • Article
      Rubber trades steady on improved turnover
      255 9 AFTER dropping some four cents at the start, the rubber market moved sideways for the rest of the week, along the 233 cents (S) level, on slightly improved turnover, Hal May, Caller, Bath Ca said in its review of the Singapore and Malaysian rubber
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    • Article
      RUBBER
      223 9 THE RUBBER market in Singapore yesterday closed slightly lower with November One RSS buyers quoted at 232.00 cents per kilo, down half a cent from Thursday's close. The morning session was marked down about threequarter cents on liquidation, reserve of buyers and easier London advices. The afternoon session improved
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    • Article
      RAS PRICES
      271 9 RAS prices in cents per kilo yesUrtar NM (PT fcO») Buyer* Hhn Oom Duyets SsQsrs Int. 1 R.S.S. prompt (.0. Int. 1 R.S.S. No^tmba bit 1 R-S.S. December lat. 2R&S. UK/Coot Int. 3 R.S.S. UK/Coot Int. 4 R.S.S UK Coot Int. 5 R.S.S. UK/Cool b. 2S.00 211.00 2BJI
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    • Article
      SSR and SMR
      105 9 NOON 3SR ad SMR prim r» friar KA8 Not#® fear DfMBk •r Mtfct ,11)!, (tawtri V #M a. XUi SSR20 SSR SO MRELB (1-ioa ptltt) (1 toe pallet! 197.80 196.40 Not.. 199 SON 197 JON bar 19BJ0 ***** Dmak (Mrff KOJON 196-50N •r SMR CV SMR L
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      191 9 oct r m CORBEILLE Mr-Liquid* m Aqultalne Nat Dm Patrol* l«.n B 8 N Ocrrals Dkooot aao C 8 T (Thomsoncsf) .m ♦i -LO +n +u Financier* de L"Union Tin Latere* MO Moet-H«nnessy iao Opfl-Parlbaa 140.40 Penarroya 46 Radio technique 400 GROUP C Compacnie -0J -a 13 unch -1J
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    • Article
      Frankfurt
      96 9 OCT XI Dm Aa^-Tetcfunkcn KLOO ISOJt -OJ -u bJw 157 JO 41X00 -1 ♦J Commentank 17SJJ0 -OlS Cootl Oumml 117.70 +17 OUnlw-Bnu aasjo -114 Dtutachc Bank J1C00 ii Dradner Bank 175J0 -u OHH 1)00 -U Hoechst 171 JO u HOMCH Ml 0 .14 HorUn KarsUdt KMD lTUt mm mm
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    • Article
      Brussels
      85 9 oct n m FORWARD MARKET Aeac M _4 ArM 1U0 Aatur Brucui m 1510 -22 -B ""f" 2130 -25 Cask w •3 o» Dun 400 -13 Kbn 2100 -M EkctroM MM -3B Ofc-Inno-Bm MB -to MB -IB Or Bru Lamb naa >10 Mote* 4400 -a Petro MOO -90 Ryl
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    • Article
      Milan
      96 9 OCT 27 I -ir» m ***** 1380 Bel Cmtrate Ord Cond Acqua Roma Irtdtnlt 1« nmt cw 2009 0*o«raU OHn ***** MO HI Prtf 4440 In vast IUUe«BMntl Ord wm mo I taiga* Upetlt Ord 1010 Mediobanca MM 100 M llano am OM ***** >130 Mondadorl Ord mo -to
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    • Article
      Zurich
      182 9 740 >2 AlwvlM Rh Brown Boeerl Br. CRw Oetg? Br. CUm Oetfj P C MX -S 1130 4-15 2145 -10 1730 unch Clta Oeln Reg. Credit Suisse Br tlS +1J Credit Suisse Re* DektrowaU Br. □•orfe Ptscher Br Olobus Pc 409 unch W -IS m -t Hero Br 27S0B
      182 words
    • Article
      TORONTO
      152 9 OCT 17 CI BK Abttibt 1--", "jj 4S* xm m -H Utwh 41* Wt uneb Cka Imp Bk Cu Pn M| Ruinv SuS* OfCatfa MH m* HK Cmbi Rd Lk a* a« H .H Cn Bum a a Camtiu-n Com Marbenor MH Dankem Daniaon Dom Btorw 42H u .k
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    • Article
      JOHANNESBURG
      279 9 OCT T7 land INDUSTRIALS A llDhi -10 Abercom AS And CI an no unch -M aao two 5 -100 Bwlowt UMO -as C O Smith 1150 -as Chckeri MSB ruA unch Currtt finance Edmrs 400 unch Sfvolk 4)0 >10 PUflt 3S0 unch Hive Id no unch Ub Holdf nao
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    • Article
      Amsterdam
      161 9 oct n ru ABN M7J0 -11 Aftoid m oo -as Ak*> KM -l AMjy 13U0 -14 AmfM uiao -as Amrotonk S7jD -is B»r* rjo -I Boa 87 jo -ai Borwmu ***** -J Bo»ta «us Burt*» SO SO -a? Ciltnd bm /jj mgr— -4 r h ***** U »jn «so
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    • Article
      Market finishes lower
      1059 9 New York INVESTORS remained nervous about world political and economic events and their caution caused stock prices on Thursday to drop moderately as trading volume remained depressed. The Dow Jones Industrial Average, which never moved above Wednesday's closing level, finished the session off nearly two points to
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2188 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 after
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  • Article
    SHARE INFORMATION SERVICE
    3460 10 IMS Hlgk Low Company Lul 8ale +orGr*« Div Div C*vr Gr»a Y*M Net P/E Vol Day (*000) High Lew SECTION ONE INDUSTRIAL COMMERCIAL 286 364 207 306 410 120 300 318 268 680 520 535 535 214 340 585 870 472 472 1190 310 680 680 336'
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  • Article
    Unit trusts
    180 10 Mm •S«n r* priet w far Oct 9/Sl watmimiriw m DIAMOND MOT mi IS The Commerce ua 3.58 Sep Oct The Savings Fund LM 2.06 Diamond S'poreFd (USS) S pore Prog Fund L« l-55aui X 0M S pore Sec. Fund US 2.31 SI L17 LM S'pore Invest Fond
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  • Article
    In Kuala Lumpur
    1655 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lot* of 1,000 unite unless otherwise specified. DOWRIUU AlaaaMte (L 748 1.806) Ateam (IMB 1«) (7) LM (1) LM
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  • Article
    Shares firm up on broad front
    675 10 THE "«tag hall marhe4 saarted with aame ieaMi,fr ef life yesterday, prshahly hecaaae It was the mat tniaf day af a aew aetttomeat meath. Prleea were slightly flrmer aeraai the heard. At the ead af the day, the widelyfallawed Btralta Times ladastrtal ladex gained
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  • Article
    KL stocks end slightly higher
    613 10 A LATE rally on a broad front brought share prices to a slightly higher close on the Kuala Lumpur stock market yesterday but turnover remained low. After an easier start, prices drifted for the better part of the morning session and continued to do so
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  • COMPANY NEWS
    • Article
      CASH expects M$6m profit
      621 11 FAST-GROWING Construction and Supplies House Bbd (CASH) expects its group pre-tax profits to Jump to M 56.05 million for the year ending Aug 31,1964, barring unforeseen circumstances. This is more than double the pretax earnings of $2.58 million achieved for the year ended Aug 31, 1983,
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    • Article
      Lock icon Earnings of ICI and Du Pont rise sharply
      533 11 FT DU PONT and ICI, two of the world's largest chemical companies, have reported sharply improved earnings for the third quarter. Du Pont, the leading US chemical group, said profits rose by 60 per cent to US$3l2 million or $1.30 a share
      FT  -  533 words
    • Article
      Lock icon Wall Street season of tax-loss selling
      783 11 NYT THE TAX-LOSS selling season in the New York stock market is fast approaching. Tax-loss selling involves the unloading of issues that have performed poorly to gain a reduction in income tax payments to the Internal Revenue Service. Such sales can be made until
      NYT  -  783 words
    • Article
      COMPANY MEETINGS
      166 11 HONG Leiag Credit BerInd: EGM to be held at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Bandar, Kuala Lumpur on Nov 2 at 11 am. TRACTORS Malayria fieldtoga Berhad: Eighteenth AGM to be held at the Mela tl Room 1, 3rd Floor, Subang View Hotel,
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    • International ROUNDUP
      • Article
        GULF Oil Corp
        80 11 said it does not plan to adopt anti-take-over provisions. In a proxy filing made to shareholders, the company said its restructuring agreement will not have any potential anti-takeover effects. Shareholders will vote on the planned restructuring in early December. Under the plan, the company is proposing to
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      • Article
        PAN AMERICAN World Airways Inc
        223 11 has reported a third quarter profit of US$76.B million compared with $28.9 million loss last year and attributed the improvement to cost cutting measures, lower fuel prices and stronger traffic. Pan Am's profit, which followed second quarter earnings of |10.4 million, marked the first time
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      • Article
        FORD Motor
        223 11 0» said Its profits of U*****.1 million in the third quarter reported earlier were due primarily to a continued rebound in its US car and truck operations. Ford lost $325.4 million in the third quarter last year. The US operations earned $231 million in the quarter after a
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      • Article
        THE British
        78 11 government, seeking cash to reduce its budget deficit, said it plans to sell half its 45 per cent shareholding in CaMe ud Wireless to private investors. The company, until 1981 wholly-owned by the government, operates international communications links and runs the national telephone networks of 13 countries. The
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    • Article
      Drop in interim loss at Raleigh
      293 11 RALEK3H Cycles (Malayria) Bhd has rep*rted aa IT**P— g keCm lax sf tar toe first ntaaths to Jaly SI, IKS, agates* a Ims af WBJN prevteasly. The smaller Ism was aeeraed to spite af a 4SJ per eeat drep to gnu toraaver to 55.74
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  • ASIAN STOCKS
    • Article
      Market closes firmer
      354 11 HONGKONG STOCKS yesterday closed firm on a late wave of small investor buying which compensated for morning losses from profittaking. The Hang Seng Index ended 10.85 points higher at 826.13. Brokers noted switching of capital from the foreign exchanges into the equities market, due partly to the
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    • Article
      Tokyo prices end mixed
      333 11 SHARE prices yesterday closed mixed in light but nervous trading as investors waited for the result of moves by Prime Minister Yasuhiro Nakaaone to end the opposition boycott of Japan's parliament. The market average shed a provisional L 72 to doae at 942L37. International populars lost
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    • Article
      Manila
      33 11 OCT a Pesos Aeof Mining Al>fk> Phil Apsa Minify B (lOII AUu Con i. a unch ■*■13 unch -0.1 -04 ancb 0J01 ancb OJM U unch unci) OJS unch 1 ancb unch
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    • Article
      Bangkok
      143 11 PRICES yesterday firmed moderately at the Securities Exchange of of Thailand with cements, banks and finances stocks all higher. The Book Club Index rose 0.63 point to 123.59 and 194,006 shares changed hands, compared with the previous 83,751. OCT M Aofchem Thai BahU B*u Shot Barll Juckar Chmroonc Thai
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    • Article
      Sydney
      391 11 AUSTRALIAN share markets turned in their biggest gains of the week yesterday after announcements of a new oil find in Queensland and of a lower inflation rate for the September quarter. Near the close, the AllOrdinaries Index was up 5.5 points to 682.7 with the All-Industrials five points ahead
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      262 11 From the internationally and TATVPESIC authoritative O W\ -wr -i r>^ J %y, -> v :A v p.. 4MB Ifearbooks.... JANE'S Fighting Ships A 1983 —84 Edited by Captain John Moore RN i r K.\ >'I: t —zEZ J.' y Jr xx *****.50 The worldwide classic reference since 1898 Last
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  • Chief Price Changes
    • Article
      SINGAPORE
      170 12 Rises DBS 925 25 I C 3 785 25 M U Mfg S0« 296 16 H Leong Credit Metro Hides 740 15 560 15 Syn RmIm Lien Hoe 342 12 80S 10 Utd Plaatatioaa 945 10 UOB 550 10 Kemayan 484 +8 Dun lop lad 380 +8 Paper Prod
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    • Article, Illustration
      KUALA LUMPUR
      157 12 Rises Talam 790 +60 CASH 990 25 Kamunting 630 20 Sg Besi 800 +20 Temertoh fiOO 15 MUM 328 +14 Sea Lumber 299 +10 Kesang 390 +10 Public Carp 460 +10 Genting 530 +10 U Cable 555 10 UOB 600 +10 Falls Flma M Box 380 -10 Benta
      157 words
    • Article
      Selected indices
      50 12 H.KJHANG SENG Friday 828.13 Thursday 815.28 Week Ago 784.92 AUSTRALIAN INDUSTRIALS Friday 882.1 Thursday 877.0 Week Ago 883£ ALL ORDINARIES Friday- 882.7 Thursday «T7.2 Week Ago «m* FINANCIAL T1MK8 INDUSTRIALS Thursday 004.0 Wednesday 090.0 Week Ago 001.0 DOW JONES AVERAGE INDUSTRIALS Thursday 1242.07 Wednesday 1243J0 Week Ago 1251.52
      50 words
  • Article
    LATEST RESULTS
    137 12 SINGAPUBA Ballding Society Ltd has reported group net income after depreciation of $8.03 million ($7.22 million) for the year ended June $0,1983. Directors have proposed a first and final dividend of 14 per cent less tax payable to shareholders registered on Dec 9. MALAYSIAN Containers (1174) BM has
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  • Article
    Lock icon Dow Jones higher
    96 12 Reuter NEW YORK stock prices were mixed in early trading yesterday with blue chips continuing to show slightly more strength than secondary issues. The Dow Jones industrial average rose nearly one point to about 1243, but, overall, losing issues held a slight lead ova: gainers. Volume was
    Reuter  -  96 words
  • Article
    Van der Horst takes over Dutch company
    443 12  -  Companies Editor: Mano Sabnani By CHAN OI CHEE MARINE and engineeringbased Van der Horst Ltd has further strengthened its overseas position with another acquisition in the Netherlands. The Singapore-based company announced yesterday that it paid 2.6 million Dutch florins (about SJI.9 million) cash
    443 words
  • Article
    Hong Leong (HK) meets forecast
    120 12 HONG Leeag Cm, tfce aewty farmed H—gfceag vehicle for the Heag Leeog Malaysia irtap, has reputed aftertax preflts ef HKUI J7 mllllea far tfce year te Jiae Tfce resalts meet the fereeaat made la May wfcea tfce eempaay was takes ever by tfce Heag Leeag
    120 words
  • Article
    Antah issue oversubscribed
    331 12 THE open portion of Antah Holdings Bhd's public share offer has attracted 201,998 applications for 353.3 million shares. This works out to an oversubscription rate of 38.3 times. In view of the heavy subscription, Antah directors have decided to allot 95.7 per cent of the total shares
    331 words
  • Article
    LONDON STOCKS
    917 12 SHARE price* yesterday Ced mixed with an easier in quiet pre-weekend trading. At 10am, the Financial Times index was down 0.1 points at M 3.9. The easier tone reflected Thursday's lower trend on Wall Street and end-of-account Influences, dealers said. ICI eased to to 570 on profittaking after
    917 words
  • Article
    Trading in Sealion shares suspended pending statement
    315 12 SEALION Heteto Ltd, wtaae share price has drippai by C eeata to SS.I4 la wltoN ttradlag ta the past meath, wu wipwiel tram tradlag yesterday at ttoe eempaay's reqaest, peadlag "farther Dealers aad aaalyata, wha have af late heea Igaartag the iepriaacd betel
    315 words
  • Article
    Swire acquires local computer company
    307 12  -  By AMY CHEOK SWIRE Systems Ltd, a member of the giant Swire group in Hongkong, has acquired a local company, Computer Creativity Systems Pte Ltd (CCS). The acquisiton, carried out in the wake of the falling Hongkong dollar, will expand Swire's operations in Singapore. Swire
    307 words
  • Article
    Unilite creditors agree to convert loans into shares
    287 12 UNTLJTE Electrical Industries Bhd has obtained agreement in principle with three financial institutions to convert their loans into new shares of Mil each in the company. Hie conversion is to include the accrued interest up to and including the date of conversion.
    287 words
  • Article
    MALAYAN FLOUR ISSUE APPROVED
    162 12 THE Capital Issues Committee has approved Malayan Flour Mills Bhd's proposed special issue of five million new shares of Msl each at a revised price of MJ2.75 per share to bumiputra investors approved by the Ministry of Trade and Industry. Malayan Flour told the Kuala Lumpur
    162 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      44 12 Ti' f- *~3i > jrl t ,> I<< L:: t V i v < i,. tSai/^^dab •V- f M JJ >,<MT-M hi# <r y w -.v. A#-- r MmNmE?;■ i;T»- < iraiTTi.vl va *Mai 4»y %w HB «F Times Jurong. No 2. Jurong Port Road Singapore 2261 <s*
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      109 12 OUTLOOK for today: Cloudy. 4 14 prtor to 7JI pm m Oct 28 m tt® airpcrtr Maximum temperature.... 28.7 Associated humidity 79 Minimum temperature 23.4 Associated humidity gg Hours of sunshine 1"""............".!...." 0.15 Rainfall In mi11imetre5............ 18.0 Total rainfall for the month ".128 4 Total rainy days for the month...
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