The Business Times, 18 February 1984

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, FEBRUARY 18,1184 60 CENTS
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  • 278 1  -  By MONICA OWEE FRENCH businessmen have not been "present enough" in this region and the French Minister for Foreign Trade and Tourism, Mrs Edith Cresson, hopes to convince more French companies to invest here. Mrs Cresson and a French delegation of businessmen and government
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  • 402 1  -  By FLORENCE CHONG ONE OF the major assets of two local businessmen was put at risk yesterday when a man in his seventies threatened to blow up the 14-storey Hyatt Kingsgate Hotel in the heavily populated King's Cross district of Sydney, Australia. The
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  • 451 1  -  By LOH HUI YIN SINGAPORE Joins an elite group of countries today when its $2 billion petrochemical complex finally goes into production 14 years after conception. With the flick of a switch, naphtha feedstocks will be released into the $1 trillion cracker plant, operated by the
    451 words
  • 217 1 THE Mass Rapid Transit Corporation (MRTC) launched its first major middle management recruitment exercise yesterday with advertisements for 27 posts. A spokesman for the corporation said this would be an international recruitment exercise as advertisements for the positions had also been placed in Malaysia, Hongkong and
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  • 147 1 A BROAD-BASED tall la prices waa mi at the SUck Exehaage at fllags psm ytmMay as the bean exerted their laflaeaee ea a wide treat. The wiihMi waa largely attrlhatod ta Bqaldattoa by seme itild balls whe were aaaMe to pay far their shares which were
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  • 107 1 THE maximum amount of hospital and medical treatment fees that employers have to pay under the Workmen's Compensation Act has been increased. The Ministry for Labour said in a statement yesterday that these increases were made following revised medical charges early this year. From January
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  • BRIEFLY...
    • 79 1 Reuter THAI Airways International Ltd plans to break all marketing ties with the Scandinavian Airlines System (SAS) from Oct 1, Thai president Air Chief Marshal Bancha Sukhanusasna said. Mr Bancha said the airline would retain ties with SAS in other fields such as traffic programme and technical operations.
      Reuter  -  79 words
    • 71 1 Reuter THE Hongkong Court of Appeal has ordered the winding-up of a Hongkong property firm, Bylamson and Associates Enterprises Ltd, after a six-month legal wrangle. The court reversed an earlier High Court decision and approved a winding-up petition by the Bank of East Asia Ltd (BEA) against Bylamson. BEA
      Reuter  -  71 words
    • 98 1 AFP JAPANESE exports of tape recorders rose by 43 per cent last year as a result of a doubling of sales, in the US, statistics from the Japanese Association of Electronic Industries showed yesterday. In December, Japanese firms exported 1.66 million units, a rise of 72.3 per cent
      AFP  -  98 words
    • 78 1 Reuter FORMER Philippines senator Salvador Laurel was detained yesterday when he refused to post bail after Manila airport police found a handgun in his luggage as be was leaving (or the US. Laurel, a close ally of murdered political leader Benigno Aquino, denied the weapon was his and
      Reuter  -  78 words
    • 78 1 AP THE US economy grew at a healthy annual rate of 4.9 per cent in the final three months of 1963, the US government said yesterday amid mounting signs that the first part of 1964 will be even better. The US Commerce Department reported that the real gross
      AP  -  78 words
    • 79 1 UPI GUNMEN on the rooftops of the Golden Temple in New Delhi exchanged fire with police for nearly seven hours yesterday, killing at least two people and injuring many others in the fourth day of bloody clashes in Punjab, a news agency said. India's Prime Minister Indira Gandhi
      UPI  -  79 words
    • 61 1 UPI MR RICHARD Stone, the US president's Special Ambassador to Central America, will leave the post on March 1 because of disputes with an assistant secretary of state, a .US official said yesterday. Mr Stone told President Reagan in a letter last week that he was leaving the
      UPI  -  61 words
  • 316 1 THE Chase Manhattan Bank is setting up a merchant bank in Singapore in a move to extend its global merchant hanking activities to the Asean region. General manager of the bank, Mr Peter Gross, said an application for a merchant banking licence was filed
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  • 226 1 Reuter THE Philippines has proposed a policy under which the currency of any of the six members of Asean could be used for trading and investment in the other member nations. The proposal, contained in an official position paper submitted at the
    Reuter  -  226 words
  • Page 1 Advertisements
    • 370 1 Don't miss the highyarn show of the year S.E. Asia's 2nd International Exhibition of Textile and Garment Machinery and Fabrics Trade. 10-14 APRIL'B4WTC By Hock Lock Siew For wise investors IN TODAY'S volatile stock market conditions, no-one who analyses, invests or trades in shares can afford to ignore the technical
      370 words
    • 154 1 Bring Lfl Joey to the course. And play golf the convenient, comfortable way Li'l Joey from Kangaroo of USA is a motor golf caddy designed for easy manoeuvring on the course and supremely simple i operation. Lightweight, yet ruggedly built, Lil Joey can carry your bag with all your clubs
      154 words
    • 165 1 buy best at exhibitions INTERFMM EXHIBITIONS organised for business 1, Maritime Square 12-05 World Trade Centre Tel: *****12 Tlx: RS *****INFAMA Wishful thinking? No! Wayfoong thinking It's a daydream we all have. A home of our own. It's not easy to turn that dream into reality. But it may not
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  • HOME NEWS
    • 528 2  -  By JAIME LYE HOTEL Tai-Pan has signed a 10-year franchise agreement with Ramada International Inc, in a bid to give itself a better competitive edge against other wellknown hotels. The hotel, owned by the Jack Chia-MPH Group, is one of three hotels in the
      528 words
    • 392 2 PSYCHOLOGIST Miss Karen Studebaker has listed the dos and don'ts in the telephone approach by insurance agents to potential clients. The dos for the agents are: Establish an atmosphere of trust and sincerity with the potential client over the phone. Identify who
      392 words
    • 616 2 CALTEX (Asia) Ltd has appointed 1 award Piatt as managing director to replace BK Murphy, who has been re-assigned to Caltex headquarters in Dallas, Texas. Mr Piatt is vice-president of Caltex Operations Ltd and is also a board member of the Singapore Refining Co, in which Caltex
      616 words
    • 208 2 Tm k Hiirtnr tai hal Baaklag Cerperattoa laaaehed Its "uUPiy" scheme yesterday. Regalar ptyoeiti sf fixed er wylag imwh. however Mg t small, cm aew be effected by eiectreaicaUy traasferrlag faads N t the payee's uetut directly late the baah aeesaat •f the perasa er
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    • 191 2 THE Japanese Association in Singapore will be donating $80,500 in cash and kind collected through its fund raising projects in 1983 to several charitable organisations. At a charity donation ceremony to be held on Monday at the Shangri-La Hotel, the association's president, Mr S Aoyagi will
      191 words
    • 275 2  -  By LUCY NG THE National Trades Union Congress (NTUC), in a move to strengthen the traditional ties between the labour movement and the government, is holding a series of dialogues on current affairs with the Peoples' Action Party (PAP). For a start, the
      275 words
    • 381 2 THE Commercial and Industrial Security Corporation (Cisco) is marketing a new security concept with the setting up of its business development department. This was disclosed by Mr Teoh Beng San, Cisco's general manager, during an interview with Business Times. The integrated security system comprises the designing
      381 words
    • 404 2 BRIGADIER General Charles E (Chock) Yeager, the first man to fly faster than the speed of sound, is now in Singapore to share his experience with the Republic of Singapore Air Faroe fighter pilots. The retired US Air Force general is accompanying Northrop Corporation
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    • 146 2 A VISITING Thai parliamentary delegation has raised the possibility of standardising certain laws affecting industries, particularly the tin ore industry, in Asean member countries. In its meeting with Mr Sidek Saniff, Parliamentary Secretary (Trade and Industry and Social Affairs), the delegation also discussed the
      146 words
    • 297 2 TEN years ago, Bernd Chorengel was appointed general manager of the Hyatt Regency Singapore. Today, German-born Chorengel is the president of Hyatt International Corporation. Mr Chorengel is responsible for the overall operation of the corporation, which manages 45 hotels in 27 countries outside
      297 words
    • 224 2 COAL as an alternative energy source is under consideration in the Trade and Industry Ministry's longterm energy and economic development plan. The study, based on a consultant's report on the feasibility of using coal in power stations, is in conjunction with the Public
      224 words
    • 395 2  -  By LIM SOON NEO THE Housing and Development Board has in recent months been able to offer more flats at a faster pace to the public, due in part to more units being available through prefabrication methods of construction. This, however, has resulted
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    • 221 2 DR Ahmad Mattar, Acting Minister for Social Affairs, yesterday received a donation cheque of $31,000 from the Singapore Sdctety of Accountants '(SSA) for the Yayasan Mendaki, the governing body of the Council on Education for Muslim Children. It was the first time that any professional
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  • MONEY AND EXCHANGES
    • 293 3 GOLD futures prices in Singapore yesterday closed slightly higher following the metal's strength overseas due to lower US dollar and silver levels. Trading was quiet with prompt closing slightly higher at U*****.80/384.30 an ounce compared with $383.00/383.50 in New York, April at $387.30/387.70 against $387.10/387.50 and June at $394.20/394.60
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    • 64 3 New York 9.05B 9.07B 9.10S 9.12S Zurich 9.17B 9.10B 9.22S 9.15S PM Than Singapore 9.06B 9.<rre 9.10S 9.12S Closing prices in US dollar* a troy ounce. Source: Credit Suisse, S'pore OCBC exchange rate index THE OCBC trade-weighted index for the Singapore dollar me MS per cent to 132.73
      64 words
    • 83 3 THE US dollar closed slightly lower yesterday at a 1964 low of 232.85 yen amid nervousness about whether it would fall sharply against the yen as it did against the deutschemark, dealers said. The closing rate showed little change from the 232.85/95 New York finish but was below the
      83 words
    • 176 3 ASIAN ASIAN currency deposit interbank rates as at 5 pm on Feb 17: U8 Dollars Offer Bid 7 days 913/16 911/16 1 month 913/16 911/16 2 months 10 9% 3 months 101/16 915/16 6 months 103/16 101/16 9 months 10H lO'i 12 months 109/16 107/16 Dai. Sw.Fr*. (Middle Price*) l
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    • 46 3 RANGE of prices offered by discount house* on Feb 17: Overnight: 3 Call deposits: 2 3 CVxisg Bayiaf Sclliaf 3-month Treasury bills 2* 2M> 3-month Bank bills 7 7/16 7 5/16 3 months CD 7*4 7 6 months CD 7W 7W Source: National Discount Co.
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    • 49 3 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Feb 20 to Feb 24. Offered: 170,000,000 Applied for: 1162,000,000. All*ted: $70,000,000. Accepted bids: $99.34 approximately 86 per cent; higher bids in full. Avenge rate af dteevut m alletmeat: 2.645 per cent per annum.
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    • 467 3 THE local foreign exchange market was quiet yesterday. The US dollar fluctuated without a discernible trend. The dollar once again opened lower than the overnight closing against the local unit, at 552.1255/65. It struggled to a high of $2.1265/70 before slipping to its opening position where it closed.
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    • 23 3 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.125 per cent.
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    • 127 3 THE US dollar yesterday < lost its early gains against i other major currencies in j late local selling. Sentiment was bearish due to the dollar's continued i lack of reaction to US eco- nomic data which might have been expected to buoy I it up, dealers said, noting
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    • 83 3 THE dollar yesterday opened firmer in quiet trad- ing, mainly on book squarj ing before the long US holi- day weekend. But operators remained uncertain of the direction j the currency will take in the j short term. Opening quotes yesterday: I US 1.4440/50 Can 1.7995/8020 I Cross 1.2470/73
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  • BANKING AND FINANCE
    • 312 3 AP DEBT-RIDDEN Brazil once again will outline economic targets to the International Monetary Fund to secure the release of billions of dollars in much needed loans, the finance ministry said. Acting spokesman Andre Camargo said: "We have already given them the
      AP  -  312 words
    • 90 3 Reuter THAILAND is expected to mandate a US$5O million to 1100 million floating rate note in the near future, may be next week, merchant banking sources said. The note issue, which will be used for general funding requirements, is likely to
      Reuter  -  90 words
    • 480 3 Reuter THE latest US$2.5 billion rise in US M-l money supply, coupled with this week's robust economic data and signs of increased private credit demand, underline that the Fed has no scope to relax its monetary policy, economists said. M-l, after seasonal and
      Reuter  -  480 words
    • 168 3 HONGKONG'S financial futures exchange has moved one big step closer to realisation with the announcement that a Hongkong futures exchange will be set up as soon as possible. On Thursday evening Securities Commissioner Robert Fell said that he has proposed to the two parties
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    • 218 3 INTERNATIONAL Commodities Gearing House Limited (ICCH) will soon open an office in Singapore, said Mr Leslie Hosking, ICCH South-east Asia regional representative, yesterday. ICCH, which is owned by the six major British banks, will initially offer a comprehensive computer based back-office and client accounting
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    • 82 3 AFP BANKER Ivan David Herstatt, 70, was sentenced to four-and-a-half years imprisonment for his part in the 1974 crash of Herstatt Bank the biggest banking failure in West German history. The bank had a shortfall of 1.2 billion marks. A court in Cologne found Mr
      AFP  -  82 words
    • 541 3  -  By SOH TIANG KENG THE LIFE insurance industry in the private sector is likely to survive and even prosper— despite the challenge from the proposed life insurance scheme run by the Central Provident Fund. The scheme may give the private sector a
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    • 309 3 Reuter A COMMITTEE set up by the New South Wales Labour government (NSW) has recommended the establishment of offshore hanking units (OBUs) in Australia but said that they can only be viable with tax concessions. The report of the committee, chaired by the managing
      Reuter  -  309 words
    • 117 3 AFP THE US cannot allow the dollar to fall heavily, an influential Wall Street economist Henry Kaufman told the Washington Post. Dr Kaufman, who works for the Salomon Brothers broking firm, said that he did not believe the dollar's current fall pointed to an early
      AFP  -  117 words
  • Page 3 Advertisements
    • 152 3 FflßEflSTPLflZfl H3KLSIYC£ LUXURIOUS APARTMENTS At the junction of Scotts/Orchard Roads. Next to Hyatt Hotel. Creates a new era in cosy modem living. (QQ INDOOR a OUTDOOR FACILITIES 14,0005q ft Hotel style lobby Tropical garden Standard swimming pool Man-made waterfall Children's wading pool Fountain Residents' clubhouse Independent lifts Sauna bath Jacuzzi
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    • 100 3 p**-5 CA^ A |H r \\VP 5% WON m mt a nC. T\« 4 Singapore to Seoul (Mice. And again! Korean Air Lines' Cargo service from Singapore to Seoul has been forced to expand from one flight a week to two. Why? Perhaps it is the efficiency and care with
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  • OVERSEAS
    • 367 4 Reuter LEBANESE Druze leader Walid Jumblatt said on Thursday night that President Am in Gemayel's peace plan was "too little, too late" and he ruled out any compromise with the embattled head of state. Mr Jumblatt was speaking to British commercial television by telephone from
      Reuter  -  367 words
    • 1033 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdna FCL Location As Pallas 068 ***** 0700 IAPL FSB 0700-0800/1600-1800 P4 Ratana Bhum *****9 192.84 0700 S'pore Shpg TA 3 0700-0800/1800-1900 L3 Strathflfe 21W 192.84 0700 Mansfield FSB 0800-0900/1800-1900 S3 Keum Glory IN/84 19.2.84
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    • 262 4 Reuter THE Soviet news agency, Tan, said en Thursday that a US underground noclear blast la Nevada on Wednesday shewed that Washington was Mt keeping to agreements ea sabterraaeaa atomic weapeas teste. The test, la a tunnel aboat 361 metres beaeath the raeky surface
      Reuter  -  262 words
    • 605 4 Reuter AP THE publication of an official report on Thursday on the election of Soviet Communist Party chief Konstantin Chernenko has triggered new speculation about divisions and rivalries within the ruling Politburo. The report, in booklet form, covered the proceedings of the Party Central
      Reuter; AP  -  605 words
    • 397 4 UPI A POWERFUL coalition of opposition parties in the Philippines yesterday rejected calls for a boycott of key May elections and announced it would challenge the government of President Ferdinand Marcos. Warning against "the danger of violence and civil war," opposition leader Salvador Laurel said
      UPI; UPI picture  -  397 words
    • 326 4 UPI "TERMS of Endearment," the tale of the Joys and heartaches of a mother and daughter growing up together, won 11 Oscar nominations on Thursday, including best picture, to lead this year's Academy Award competition. "The Right Stuff," the blockbuster account of America's first
      UPI  -  326 words
    • 483 4 AP A UNITED Nations space study group, in a draft report, has pointed to the danger of nuclear-powered satellites falling to earth while the reactors are still potentially harmful. The report, obtained on Thursday, warns that satellites equipped
      AP  -  483 words
    • 736 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE SIA SQI1 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SPO/HKG MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0906 KUL SV SV396 0910 JED/RUH MAS MH811 0910 PEN SIA SQ103 0960
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    • 544 5 UPI FORTY major Japanese companies intend to avoid investment in California and other American states that use the unitary taxation system, the leader of a highlevel Japanese business mission said. "A number of companies are refraining from making new investments in California or
      UPI  -  544 words
    • 396 5 UPI THERE is a "major shortfall" in the air defence of Western Europe because the allies lack standardised weaponry, US Defence Secretary Caspar Weinberger told Congress in a report on Thursday. He said that a true assessment of the cost of failure to standardise allied weapons
      UPI  -  396 words
    • 287 5 AFP A 26.7 million-tonne cut in steel production by the end of 1985 agreed by the European Economic Community (EEC) will not be enough to return the industry to profitability, according to latest forecasts by the EEC Commission. Meanwhile EEC sources said
      AFP  -  287 words
    • 102 5 UPI picture CHINESE lawyer Mb Jle Bug (»bove), wbe defended the 'Gang ef Fear* when they were breaght to trial alter the death ef termer Chairman Mae Zedeng, new werka with a San Francises law firm, putting together business deals that capitalise
      UPI picture  -  102 words
    • 196 5 Reuter BRITISH Prime Minister Margaret Thatcher has signalled plans to hold down state spending over the next three years in line with her monetarist policy. Spending by the Conservative government should rise from £120 billion to £136 billion by 1987 but remain constant in real
      Reuter  -  196 words
    • 173 5 Reuter BRITISH scientists have used embryo manipulation to produce animals that are half sheep and half goat, according to the latest edition of the magazine Nature. Only two of 18 animals born in the experiments at the government's animal research station resembled completely ordinary lambs and only one
      Reuter  -  173 words
    • 347 5 AP Reuter AMERICAN lndastry operated at TIJ per cent capacity la Jaaaary, the highest rate la over two years, with the ear ladastry to lead the comeback from recession, the gevermaeat reported oa Tharsday. It was the 14th straight moathly laerease la factory
      AP; Reuter  -  347 words
    • 245 5 Reuter THE Japanese economy is recovering steadily with exports continuing to grow and domestic demand picking up. A monthly report of the government Economic Planning Agency (EPA) in Tokyo yesterday attributed the rise in domestic demand to increased corporate capital spending and a house
      Reuter  -  245 words
    • 663 5 FT THE US appears to be trying to impose worldwide control over trade in high technology. An internal report by ICL, the leading British computer company, says that US authorities are using their far-reaching export control powers, ostensibly designed to stop strategic
      FT  -  663 words
    • 81 5 AFP AMERICAN researchers have developed a new lightsensitive material which will increase computer memory capacity vastly. The National Science Foundation in Washington said yesterday that the development, credited to an IBM research laboratory, is rated a major leap forward towards profitable production of computers with
      AFP  -  81 words
    • 411 5 FT RENAULT Vehicles Industrials (RVI) the large but heavily loss-incurring subsidiary of the French state-owned Renault car group, wants to cut its workforce of 26,944 by 14 per cent to 23,194. The truck company is due to announce its Job reduction proposals next Tuesday during a
      FT  -  411 words
    • WORLD IN BRIEF
      • 556 5 Agencies THE SOVIET government secretly sought Japanesemade kidney dialysers late last year for the treatment of the late president Yuri Andropov's troubled kidney, Jiji Press reported yesterday. jiji <a»iri the Soviet trade representative office in Tokyo asked a Japanese trading house to ship the dialysers to the Soviet
        Agencies  -  556 words
    • 345 5 AFP FRENCH External Trade »n<i Tourism Minister Edith Cresson on Thursday outlined several Joint ventures under various stages of negotiations with Malaysia. They include a pmpoaed multi-million dollar metro system for Kuala Lumpur, a paper mill, cement factory, oil exploration and communications. Addressing a
      AFP  -  345 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 149 5 in I ILII1 L 1I 7.^i' I ill (Incorporated in the Republic o< Singapore) f i 1m h 3,! I «11 > Applications have been made to the directors of this company to issue duplicate share certificates m place of the following share certificates which have been reported lost or
      149 words
    • 103 5 extends an invitation ft| to attend our ALL ARCHITECTS ENGINEERS BUILDERS, CONTRACTORS AND USERS OF PLAN PRINTERS AND MATERIALS /IDI/lEMY ANtQUE EXHIBITION Heralding our entry into the region To be held at THE MERIDIAN ROOM EQUATORIAL HOTEL 10 A.M. -6 P.M. WEDNESDAY, 22ND FEBRUARY THURSDAY, 23RD FEBRUARY Demonstrated will be
      103 words

  • 476 6 "Guns don't kill people, people kill people". That is not to say that guns should be freely available so that people can the more freely kill each other. But it does point to the human factor involved. Chewing gum, likewise, does not create environmental problems. People
    476 words
  • 970 6  -  By TERESA LIM CABLE and Wireless bid for Hongkong Telephone, is more than just another corporate acquisition. It represents the first public sign that foreign big business is coming back, and it encapsulates the bullishness that has suddenly taken hold of Hongkong. "The mood
    970 words
  • 323 6 No raw deal from this restaurant A DISH called "Vegetartoa Y«e Shaag" mmy Ml he »11 thai lap—lMfi Ym Skaag to aaaally raw U served ap with Mi d vugdahtoa, aad maay appareatly prefer the vegetables to the flak. Bat eae reetaaraat serves a vegetartoa verstoa
    323 words
  • 765 6  -  By LEONARD SILK NYT KONSTANTIN Chernenko, the successor of Yuri Andropov as general secretary of the Soviet Communist Party, has started out by seeking to refute the view that he is just an old party hack, an apparachik who represents a
    NYT  -  765 words
  • Page 6 Advertisements
    • 117 6 SLASH V m 2 fT*" 4 v vv r A V 2" m M <* W SAVE MONEY Know how to deal with a mechanic explain your problems SAVE MORE MONEY Know how to spot trouble beforehand get more miles from each litre of petrol find the car that's right
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  • Page 6 Miscellaneous
    • 782 6 H OVE CROSSWORD n CRYPTIC PUZZLE ACROSS 8 Catch and put, when treated, into care (7) 9 Amused when you throw something to the fish (9) 13 After half a year, smuggled from the island (5) 14 Such utter folly as climbing such a face would be? (5) 15 Later,
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  • TIME OFF
    • 702 7  -  By JAIME LYE OPERA. Strange looking vikings. Fat women screaming in Italian over lost loves. Luciano Pavarotti. Placido Domingo. Fat men screaming in Italian over lost loves or dead enemies. It's enough to strike terror into the heart of the culturally naive. Just imagine.
      702 words
    • 458 7 POP music should be for the people. Fun, glamorous, widely available. In most of the work! that is true. But not in Singapore. When the big names hit town, their fans have to be well-heeled to stand a chance of catching their favourite
      458 words
    • 546 7  -  mma By Jaime Lye FAST food. Indigestible Junk that plugs; your intestines and sends your cholesterol level through the roof. A multi-billion dollar industry that began when someone decided ground cow smothered in gluey mayonnaise and plastic ketchup would taste great and appeal
      546 words
  • Page 7 Advertisements
    • 27 7 THE MACDONALD ENCYCLOPEDIA OF FLOWERS #TREES •Over 500 examples with full colour illustrations. Handy visual guide to blooming seasons. Cultivation requirements •Glossary 8c Index. P is I
      27 words
  • Page 7 Miscellaneous
    • 845 7 TV&-RADIO MALAYSIA 3 SINGAPORE 5 LOO fH Opening and Programme Heights folowed by Sesame Street 1.55 Saturday Matinee The Savage Bees 3.35 2nd Merlin Cup Soccer Tournament Singapore n South Korea and Thaland vs Australa 4.20 Malay Movie Batu Durtuka (English subtitles/r) 6.10 Programme MghßgMs 0.15 News (English) (.25 Marco
      845 words
    • 423 7 WHAT'S ON CONCERTS Tonight, Victoria Concert Hall, 8.15 pm. SSO and violinist, Miss Tang Yun. She hails from Shanghai and has been described as China's leading violinist. She began her musical studies on the piano but later switched to the violin when She was nine. Her solo debut was made
      423 words

  • Page 8 Advertisements
    • 300 8 Where to wine, dine and entertain today Y Jr Tbc total card that incorporates the features of a credit card, charge card, cheque card, cash card and purchase card neatly into one. Call Julia at *****97 (20 lines) tor an application form. a "Let's C Nonya (food Sunday" "Daddy, what's
      300 words
    • 220 8 4 fi*IfIPfINESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. < )pcn i lii. V 1J 'a t< p M For reservations call 737V6/ .> /> Ml It) U) p M J i,® <-imn\ I *j irk Slier; S>i i ij£i»| >or« T -T -r >* LP o
      220 words
    • 208 8 A special garden atmosphere where time never runs out. Here, master chefs prepare delicious and lingering tastes from gourmet style to simple meals; both Oriental and Western fare. Daily Midnite Porridge (10pm —3am) j 2 fiir— —in r w ——~\mm IK vJI r, m 111 JBB' SEAFOOD THEATRE RESTAURANT A
      208 words
    • 267 8 Adiffaent buffet everyday to whet your appetite. V v A I r A'-* utciMK OrdwrfCate C *W£tyiet choice/* Mew jjur. vu "ntw TM Orcr.arj Cafii J sser en? u: t One of the biggest choices anywhere. Plus the Winery, Patisserie. Home-made ices. Real Italian Espresso. Luncheon Buffet: Daily 12 noon
      267 words
    • 172 8 m h lyf m <i •u &K&, For information reservations, please caH *****22 ext 133/917 or direct line *****42 —l^Jlift uaiming garaetjr restaurant sumptuous delicacies from the Hunan Province. novotel SvfeM orcnKi ■hi Singapore 214 Dunearn Road, Singapore 1129 Tel: *****49,*****22 Tj"g J 5' t *****lG J 3 J^STG', G
      172 words

  • INTERNATIONAL STOCKS
    • 171 9 ro m rn COKBKILLE Air-Uqukte Sl> Aquttalnc Nat ■4 GROUPB Camlour I960 Flnanclere de l/Unton 61 Lafarae Tift K) Moet-lUnn—y 1331 (Ml-Mku 1S4J0 -46 -3 10J -16 4-Oil > 8 M Oerraii DUMMM aapo -IB Psnanvya Radlotechnlque 80 JO 364 +0J -6 C«r (Thomson f 306 -3D GROUP C
      171 words
    • 72 9 Hoeach 123-30 +0J rEB 11 Dm Mt-Tdilinkai mm Korun lUrstadt am mao -s un.M 1.1 1 ♦7 KHD SLOO jgtSjO -1 ♦4 J I Jnrta in jo OanuOuwl UUO iU -0.1 ♦XI Philip* Komm Pnuaaag RwiSTA HZ rum 1MJ00 +M 1A Scbartnc son +1 Dawacba Bulk S1J0 DMdMr But
      72 words
    • 152 9 mm 16 Fl» ARM 414J0 1 Ahold SUM -14 Akao 102.10 -1J AMKV 1MM tlS Amfw +0J Amrotmk 1U0 unch Bark 40lSO +05 Bote lMM unch BataaaU) SMM -S Sarin MM -1 DyrUt MM +U Catend 37M unch OUT SMM 4-1 Dail Mil MM -U Itanur sa« unch AMM
      152 words
    • 90 9 ttb 10 m Or Bru Lamb Hobok ftTO Ryl Dutch Sidro Soc Oen Be% Soflnm 2306 uach -SO 20 lf -10 >20 S -SO FORWARD MARKET Aeae 000 unch ArtMd .1278 -10 Aatur 772 -t 5200 nio 2800 1830 1730 5400 3745 4080 PUKin o- 1M5 3000 M unch
      90 words
    • 192 9 FEB i« ct imp ou j»h Inco llH AMUM Int Pro* Pipe »>* -ft A lean 41* ft int Uta -H Alfoma InU Nickel 10ft Bank Moot aft ft Kerr Add 1« -I Bank No*» Scou* 14 Lobtew B U* -ft B*U TO 31 -ft Hum Pan 4ft -ft
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    • 230 9 P*B It R and 3D m M -t ♦t (Tonlwnrth sat unch inUUBTUALB A m -41 MINING* 1 Abereom AS And CI ttr*. Barlows C O Smith Clicker* CNA m 06 l» uncb -5 uncb >ngw lD||VUl tssr Charter DOM OoM !w March Dries B R Com R Prop*
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    • 197 9 FEB ie Francs Action* Suisse* 312 -I AlusuliM Br. m -1 Alusulsse Ref. m 2 Brown Boverl Br. 1496 -4 Clba Oelfy Br. mo >30 aba Oetcjr P C Ills 36 Clba 0*1(7 R(f. 1010 15 Credit Suisse Br 2335 -10 Credit Suisse Ref 431 -1 Elektrovatt Br. 2830
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    • 109 9 FEB 16 Lire Butofl ISO JO unch Bel ***** unch Cenlraie Ord ISM unch Cond Ac qua Roma 182 unch Ertdtnlt aaos unch Flat Ortl 4066 unch General 1 ***** unch Olm 4325 unch Ifl Prlv SOB unch Invest 3100 unch Italcementl Ord ***** unch Ilaifu *00 unch Lepelll
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    • 970 9 NEW YORK WALL Street stock prices closed slightly lower on Thursday as investors continued to worry over signs that the economy is growing too strongly, as well as news of escalating trouble in Lebanon. The Dow Jones Industrial Average, which fell below the important 1150 support
      970 words
  • RAW MATERIALS
    • 158 9 CHINESE Pradace Exchange, Stagapare, aaaa clwdag prices per lit kg yesterday. Caeaaat all: Bulk fob $206.00 sellers, old drum (in second hand drum) fob $221.00 sellers, new drum fob $225.00 sellers. Capra: Mixed (loose) $120 buyers. Pepper: Muntok white pepper fob Asta NLW $685.00 sellers, Sarawak white pepper
      158 words
    • 193 9 Dragon Head unq, Japan (No. 2023) 115.00, Shirting 114.60. Hongkong Golden Peak, (60x60) 114.00. Drills: HK Kow Fook Brand (No. 202) unq, Japan (No. 2024) unq. White Clath: Japan No. 10,000 Three Peaches 219.50, No. 2003 unq, No. 16,000, Flying Dragon unq (per piece 36 inches by 40 yards).
      193 words
    • 107 9 SOYBEAN futures in Chicago on Thursday closed two to six US-cents per bushel lower in ligh late dealings. March traded in a six-cent range. Sales of about 3.0 million bushels of May by the Professional House weighed on prices late. The Cash Hog House sold May and July, pit
      107 words
    • 89 9 OLD-CROP wheat futures in Chicago on Thursday closed 3% to IV* US-cents per bushel higher, with old crop contracts ending IV4 cents to one cent lower. March traded in a fourcent range. Purchases of nearby months by commercial and elevator companies supported the old-crop months. But trading was largely
      89 words
    • 315 9 SINGAPORE: Yesterday s closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.06, 100 per cent second class 0.82, 100 per cent third class 0.78, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.63,
      315 words
    • 195 9 MALAYSIAN crude palm oil prices yesterday rose in line with a limit-up close in palm oil futures, as Pakistan s purchase and expectations of firmer soybean prices triggered speculative and covering interest. In the Feb position, central region firmed Msllo to M 51,980 a tonne and south MsBs
      195 words
    • 99 9 THE INFLUENTIAL private membership Philippine Sugar Association said sugar production will drop this current crop year to only 1.9 million tonnes from last year's 2.46 million tonnes or about 23 per cent less. The association made the projection in a letter dated Feb 8 sent
      99 words
    • 353 9 AFP CONSUMER members of the International Coffee Organisation (ICO) have called for penalites against producing members who fail to declare production shortfalls, causing "imbalance" in the quota system. In a paper submitted to the executive committee on Thursday, the fourth day of talks
      AFP  -  353 words
    • 144 9 CHINA'S output of all oilseeds levelled out last year at about 28 million tonnes after several years of sharp rises. Western agricultural experts and Chinese reports said that the total output covers a drop in all oilseeds except cottonseed. The sources said they
      144 words
    • 295 9 Bernama SIX member-countries of the Association of Natural Rubber Producing Countries (ANRPC) has signed a cooperation agreement for the prevention and eradication of the South American leaf blight, a deadly plant disease now affecting the rubber industry in tropical America. The
      Bernama  -  295 words
    • 278 9 PRICES fluctuated narrowly within a two-cent range in quiet trading, and levels eased three-quarters of a cent at the close, ■•May, Cattar, Bath ft Ca said in its review of the Singapore and Malaysian rubber markets for the week ended Feb 16. Turnover continued at a
      278 words
    • 259 9 THE RUBBER market in Singapore yesterday closed slightly lower with March One RSS buyers quoted at 243.50 cents per kilo, down three-quarter cent from Thursday's close. The morning session opened lower on easier London advices but prices recovered marginally later on small buying of March One RSS in thin
      259 words
    • 257 9 RAS prices In cents per klk> yesterday: (VM (per Idlo) (per Itflo) Int. 1 RAS. prompt Lo.b. 137JO IbL lTLSA March MUO IbL 1 RAS. April M7J0 Iat.2R.SS. SBJO UK/Coot SMJO IBL 1 RAS. MLOO UK Com 230.00 Int. 4 RAS. 222J0 UK/OoM 221 JO IBL 5 RAS.
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    • 95 9 NOON SSI H and SMR pricaa yaal arday KA8 Marek April (Carnal Bayara f iMU) gwvtrjTMttl SSR20 (1-too pallat) 217J0 21SJON ***** 221 JON SSR80 (1-too paUat) 215.SO 217 JON 217J0 214.SON MULB Mar April SMRCV (1-too paUat) ***** 284 .SON 284JO 286J0N SMR L (1-too pallat)
      95 words
    • 28 9 Rubber: Feb 17 Singapore: March 243.50 cents (down 0.75 cent) Malaysia: March 267.50 cents (down 1.50 cents) TiB.Mf29.15 per kilo (unchanged) 181 tonnes (up nine tonnee)
      28 words
    • 274 9 Reuter MALAYSIAN Primary Industries Minister Paul Leong denied reports by London dealers that the start of tin futures trading on the Kuala Lumpur Commodity Exchange (KLCE) could trigger a price collapse. "I would like to stress that the introduction of tin futures trading
      Reuter  -  274 words
    • 64 9 THE Straits Urn price la Peiug yeateriay remalaed at the ITA fleer level e( Ms2t.ls a Idle. ager agaia teak the balk e( the ihpissls, refleettag a laallMlag eheeaefi el fsreiga 4emaai. Leeal latereets eeattaaed te aheerh a small (aaattty. Tanever reee te 181 tenses frem 178 ea
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  • Page 9 Advertisements

  • 3358 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
    3,358 words
  • 3644 10 IM3/S4 Hick Low Coaipaay Last Sale or- Cr's Div Div Cvr Cr's 1 YTd 1 Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL m 310 354 280 300 410 in 490 322 278 oao 520 535 710 300 430 410 505 no 472 482
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  • 175 10 Managers' prices for Feb 18 A 2* 8INGAPOBE UNIT TOST The Commerce 3.54 3.76 The Savings Fund 2.12 2.25 S'pore Prog Fund 1.53 162 S'pore Sec. Fund 2.34 2 48 S'pore lnve«t Fund 1.23 1.30 S'pore Equity Fund 1.49 1.58 DIAMOND MOT STORE Jan Diamond S'pore Fd (US$)
    175 words
  • 868 10 SHAKE prlees sa the toeal stack market tamhled yesterday to etose sa aa easier aate la moderately active tradiag. Farced sdllag by weak halders prompted same stale-hall liqaldattoa. The Straits Times ladaatrlai ladex feU 14.21 potato to 1,637.13 aad the broader based Basis ess Times
    868 words
  • 546 10 HEAVY profit-taking on the Kuala Lumpur stock market yesterday caused share prices to finish easier across the board. The market opened barely steady, with only selected lower-liners inching up on speculative buying support. After the tea-break, the market started to drift lower on lack
    546 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 895 11 NYT FOR MAJOR stock groups, the New York market's plunge in the last five weeks has brought mostly gloom, but there have been slight glimmers of light here and there. The worst performing stocks almost without exception have been those that had
      NYT  -  895 words
    • 302 11 Reuter NEW ZEALAND Forest Products Ltd (NZFP) has withdrawn its $300 million takeover bid for Wattie Industries Ltd. Chairman Lyn Papps said a satisfactory agreement ending the bid was reached with Wattie and Goodman Group Ltd after lengthy negotiations. Under .the agreement, NZFP will have
      Reuter  -  302 words
    • ASIAN STOCKS
      • 157 11 HONGKONG STOCK prices yesterday closed moderately higher on Institutional support, with selling by small investors well absorbed. The Hang Seng Index closed up 10.81 points at 1,094.87, down from a mid-morn-ing 1,096.96. Brokers attributed the steadiness to excess liquidity in the hantHug system, which balanced the bearish
        157 words
      • 446 11 SHARE prices yesterday closed higher on small-lot buying centred on incentivebacked and high-priced issues, but trading remained thin, dealers said. < The market average rose 27.92 points from Thursday's close to finish at 9,925.07 after rising 4.99 on Thursday. Trading volume was 260 million shares against
        446 words
      • 90 11 FEB 17 Peaoa ACOI* lflnlnf Anflo Ptlll Apex limine B AUu Con B Bafuio OoM ZZ 0000 42 0.001 uneh -1 uneh Banciwt Con. B CDCP Pint PhU HMfs (jfjnrV 1 n HI ix 0-23 MO 0.0080 -1 -0 09 +11 unci) Mmiinduquc B 4 JO uneh Oriental B
        90 words
      • 109 11 FEB 17 Aokham Thai Asia Fibre Ajruthajra in*. And Trust Bangkok Bank BahU 238 -ft Slam Cement Slam Cltjr Cement Slam Credit South Ails Fibre Thai Commercial Bank 351 MO 81 JO MS -2 unch unch Bank Of Ajrudhaja Ltd Bate Shoe Berll Jucker Charoont Thai Wire 1 Thai
        109 words
      • 407 11 SHARE prices yesterday rose across the board from the start of afternoon trading as investors took advantage of firming metal prices and the strong Australian dollar. At the close, the All-Ordi-naries Index was 4.3 higher at 750.5 with the All-Indus-trials 4.1 points up at 988.3 and the
        407 words
    • 496 11  -  Market Talk By RAMESH CHANDIRAMANI TWO LOCAL stock broking firms, Ong it Co (Pte) and Alta-Pacltic Securities (Pte), have recommended the accumulation of Cento Pacific Ltd shares as part of a medium- to long-term defensive strategy holding. They have based this recommendation in view of
      496 words
    • 2409 11 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. DtDCBIBIALA Aeaa (100B) AJtesaste (MB) (IS) 4.00 Akmm (188 IMS) IM (1)
      2,409 words
    • 413 11 Date U Fall Yea r CMpuy P,,|, J A—mi Net EPS Ones Net laityear <«■*> Dhr. Preflt MBS <%) <$*») F 3/2 23.4 20.0 19,081 SBS I 4/2 19.4 14.0 4,952 Rothmans Msia I i 7/2 21.6 8.5 17,854 Fiber Merlin I 8/2 4.1 5.3(a) 7,986 Shangri-La F
      413 words
    • International ROUNDUP
      • 100 11 said shareholders who decided to accept an offer for their holdings from Cable A Wireless PLC are not entitled to the final dividend for 1963 or a three-for--20 bonus issue. The company earlier announced net 1963 profits of HK5403.3 million and declared a final dividend of
        100 words
      • 81 11 of Hongkong said it plans a three-for-five rights issue to raise about HK$l97 million, net. A company statement said around 31.84 mtnin»» shares of $1 each will be issued at 16.25. The acceptance date is April 5. The net proceeds will be used to offset a
        81 words
      • 159 11 AG is not engaged in talks with Continental Corp over possible acquisition of Continental's stake of about 24 per cent in Phseafat it—lasi i PLC, AlliAnz managing board chairman Wolfgang Schieren said. Neither is Allianz discussing a takeover with Phoenix, he added. Allianz remains interested in obtaining a
        159 words
      • 120 11 Agencies AO has posted a satisfactory profit last year as world group turnover rose 15 per cent to 39.90 btUion marks. It gave no details of profit, or dividend prospects. Daimler increased 1982 world group net profit to 921 million marks from 826 million the previous year and raised
        Agencies  -  120 words
  • Page 11 Advertisements
    • 0 11 >=*~{\%{=[/%![/"=;}]&@-/;"`!:;;
      0 words
    • 60 11 •POLAND •AUSTRALIA RUSSIA •JAPAN •VIETNAM MONGOLIA *USA •CUBA and lots more. I OF THE WiJTTfi Every week a different Country and 20 stamps to match. c*° *V tC\ Place your order for this special binder with your favourite bookshop or newsagent. Find out about our Subscription facility. Call *****55 x
      60 words

  • Chief Price Changes
    • 181 12 Rises Indices Utd Malacca 710 55 Spore Land 610 15 Feb 16 Feb 17 K T Pn Duff D«v MO 474 400 10 10 10 BT Composite: 966.25 966.17 Tat Lm Bank BT Indicator: *****99 *****36 Tractor* 390 10 ST Industrials: 1061.39 1037.13 M Glass 220 7 ST Finance:
      181 words
    • Article, Illustration
      151 12 Rises Indices Kuchai 970 100 KTPau 1100 +50 Feb 16 Feb 17 Kluang 1700 +50 MBT Indicator: *****37 *****90 Falls NST Industrials: 1562.72 1546.34 T Langat 880 -40 NST Finance: 2714.22 2702.44 Temerloh 990 -40 NST Hotels: 660.41 659.90 Austral 620 -35 NST Properties: 986.48 977.61 Malex 500
      151 words
    • 50 12 H.K.HANG SENG Thursday 746.2 Week Ago 743.2 Friday. 1094.87 Thursday 1064.06 Week Ago 1050.77 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN INDUSTRIALS Thursday 817.9 Wednesday 816.6 Week Ago SOU Friday 968-3 Thursday 984.2 Week Ago 960.3 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIE8 Thursday 1154.94 Wednesday 1158.71 Friday 750.5 Week Ago 1152.74
      50 words
  • 294 12 THE Malaysian authorities have approved SPK-Sento-sa Corporation Bhd's one-for-one rights issue and its proposed acquisition of a property company and an insurance concern, but subject to one revision to the terms. SPK-Sentosa said yesterday that the rights issue of 10.083 million new shares of H each are
    294 words
  • 846 12 SHARE prices were mixed at the outset yesterday, dealers said, with Alexanders Discount advancing to 545 from 452 after agreed bid terms from Mercantile House Holdings, which eased 15p to 392. Thwday'i closing middle prices of selected stocks, excluding stamp duty, were: RUBBER PHY8ICALS LONDON, Thurs Spot rubber
    846 words
  • 696 12  -  ■Hill Companies Editor: ALAN LEE By ALAN LEE THE Hong Leong group in Malaysia headed by Mr Quek Leng Chan has decided to inject one of its prime properties in Kuala Lumpur into its listed finance arm, Hiflf Leong Credit
    696 words
  • 468 12  -  By CHAN OI CHEE AGGRESSIVE marketing and recovery in certain sectors of the economy have helped Hume Industries (Malaysia) Bhd to turn in strong earnings for the half-year to Dec 31,1983. The company, a, member of the Hsag Leong group in Malaysia, managed a 64
    468 words
  • LATEST RESULTS
    • 39 12 pre-tax profits are lower at M 5186,743 ($282,691) for the year ended Aug 31,1983. After-tax profits amounted to $151,923 ($194,917). Directors have recommended a dividend of 20 per cent gross for the year (same).
      39 words
  • 282 12 A $3.1 MILLION gain from the sale of certain investments has contributed to Insurance Corporation of Singapore's creditable results for the year ended Dec 31.1983. The insurance subsidiary of DBB Bank was consequently able to report a 45 per cent rise in earnings to
    282 words
  • 226 12 CHART NHDR By Hock Lock Siew AFTER evereemlag Its shert-terin redstaace (ST) at $4.11, Prtmet has penetrated into tke topside sf the 11-roosth-»ld bsrlxMtol rectangular trading pattern (AB:CD) when (to shares traded to a high sf $4.1« sa Jan 21. TUs meve has esmpieted aa lmpartast classical
    By Hock Lock Siew  -  226 words
  • Page 12 Advertisements
    • 55 12 R TIMES CONFERENCES has assembled Outstanding Panel of Experts to bring to you o V. V* v v° V V c.W V* T"» o v. \oo OT. <3 O N V X > For more information, contact the organiser: Times House, 390 Kim Seng Road Singapore 0923 Tel: *****11 Ext
      55 words
  • Page 12 Miscellaneous
    • 51 12 OUTLOOK for today: Partly cloudy; scattered showers in the afternoon. Report for 24 hours prior to 7J pm Feb 17 at the airport: Maximum temperature Associated humidity Minimum temperature Associated humidity Hours of sunshine s^® Rainfall In millimetres Total rainfall for the month 47 Total rainy days for the month
      51 words
    • 3 12 ANY OTHER BUSINESS...
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