The Business Times, 7 April 1984

Microfilm: NL14456
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, APRIL 7,1184 60 CENTS
    11 words
  • Article
    Asian dollar market eases by $5.5bn
    391 1  -  By SOH TIANG KENG Banking Correspondent THE Singapore-based Asian dollar market shrank by $5.5 billion in January after expanding in the previous three months. Total assets of the market, according to the latest bulletin of the Monetary Authority of Singapore, fell to U*****.3 billion
    391 words
  • Article
    Receivers of Allied Cocoa selling plant
    195 1 THE receivers of Allied Cocoa Industries Pte Ltd are inviting interested parties to make an offer for the cocoa processing plant by April 30. A receiver from Peat, Marwick, Mitchell and Co has put the book value of the plant at $51 million. This
    195 words
  • Article, Illustration
    Japanese win $212.7m OUB contract
    333 1  -  By WANG LOOK KEAH A JAPANESE consortium has clinched a $212.7 million contract to build the OUB Centre, the tallest office building in Singapore when completed in 1986. The consortium, comprising Kajima, HazamaGumi and Japan Development and Construction, was awarded the contract by developer OUB
    333 words
  • Article, Illustration
    Dramatic upturn in demand for electronic components
    392 1  -  By LOH HUI YIN IN A dramatic turnabout of fortunes, local manufacturers of electronic components are now swamped by so many new orders that some of them will be kept busy until 1985. "As a result, there is now a race to expand
    392 words
  • BRIEFLY...
    • Article
      Extradition delayed
      92 1 A HIGH Court judge yesterday postponed the extradition of Singapore businessman Choo Cheng Kui, who is wanted in Australia on drug trafficking charges connected with the "Mr Asia" syndicate. Justice Thean Lip Ping granted a plea by Mr Choo's counsel for time to study the extradition documents from
      92 words
    • Article
      Lock icon British commitment
      96 1 Reuter BRITAIN yesterday restated a pledge to look after the interests of the people of Hongkong amid signs that talks with China on the future of the colony are gathering pace. Prime Minister Margaret Thatcher's Office in London said she and Foreign Secretary Sir Geoffrey Howe had repeated
      Reuter  -  96 words
    • Article
      Lock icon Appeal to Datuk Lee
      66 1 Bernama TWO senior Malaysian Chinese Association members yesterday appealed to former president Datuk Dr Lee San Choon to come out of his retirement and mediate in the present conflict of the party. National treasurer general Datuk Choo Ching Hwa and national organising secretary Senator Datuk Loh
      Bernama  -  66 words
    • Article
      Lock icon China warns Hanoi
      74 1 AFP CHINA yesterday warned that it would have to stage tacks" against Vietnam until Hanoi shows a "sincere desire" to carry out a full withdrawal of its troops from Cambodia. In a commentary linking, for the first time, developments along the Sino-Vietnamese and Thai-Cambo-dian borders, the official
      AFP  -  74 words
    • Article
      Lock icon Prem visiting US
      69 1 Reuter THAI Prime Minister Prem Tinsulanonda leaves Bangkok on Sunday for an 18-day tour of six nations, including the US, where he will press for the sale of sophisticated F-16 fighters to Thailand. His trip follows a border incursion by Vietnamese troops into north-eastern Sisaket province late
      Reuter  -  69 words
    • Article
      Lock icon Thach's belief
      57 1 Reuter VIETNAM'S Foreign Minister Nguyen Co Thach said yesterday that he believed relations with China, which shelled Vietnamese positions along their border this week, would one day return to normal. He also called on Thailand to respect the interests of its neighbours and respond positively to proposals to
      Reuter  -  57 words
    • Article
      Lock icon House rejects budget
      63 1 Reuter THE US House of Representatives yesterday rejected a budget that would freeze current defence levels to the rate of inflation. The vote on the proposal by a Liberal House Democratic study group was 132 to 284. It was the fifth budget rejected by the House in
      Reuter  -  63 words
  • Article
    Sinbelco awarded second MRTC contract
    235 1  -  By LIM SOON NEO A GROUP of local and Belgian companies has been awarded a second contract worth $58 million by the Mam Rapid Transit Corporation (MRTC). The corporation yesterday announced that Sinbeleo won Contract IMA for the design and construction of tunnelling works between
    235 words
  • Article
    HK proposes new securities disclosure rules
    377 1  -  By TERESA LIM Hongkong Correspondent HONGKONG'S Securities Commission yesterday published 16 new disclosure rules which, once approved by the executive council, will make sure a debacle such as the Goodyear Estates case will not be repeated. Goodyear Estates, a publicly-listed property company, was wound
    377 words
  • Article
    Most Honourable Order for Lee and Barker
    64 1 PRIME Minister Lee Kuan Yew and Mr EW Barker, Minister for Law, will receive the Most Honourable Order of the Crown of Johore Ist Class from His Royal Highness, the Sultan of Johore, DYMM Al-Mutawakkil Alallah Sultan Iskandar Al-Haj. The orders will be
    64 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      260 1 Don't miss the highyarn show of the year ASIATEX S.E. Asia's 2nd International Exhibition of Textile and Garment Machinery and Fabrics Trade 10-14 APRIL'B4WTC 9MKD3 HOW would you like to run in the US presidential campaign against Ronald Reagan, Gary Hart, Walter Mondale and John Glenn while sitting in your
      260 words
    • Advertisement
      Page 1 Advertisements Column 2
      132 1 YAMAHA CARBON COMPOSITE CLUBS. Proven tops in scientific tests. aT v! Tests carried out by a Sw/ng ftobof, 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 and elasticity. The secret
      132 words
    • Advertisement
      Page 1 Advertisements Column 3
      177 1 buy best at exhibitions INTERFAMA EXHIBITIONS organised for business 1, Maritime Square 12-05 World Trade Centre Tel: *****12 Tlx: RS *****INFAMA Save your company time and money I&easy with Hongkongßank Hongkongßank auto Pay is an electronic payment system which permits the automatic transfer of funds to or from current or
      177 words
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  • HOME NEWS
    • Article, Illustration
      Let your fingers do the running
      651 2  -  By LEE HAN SHIH HOW would you like to run in the »US presidential campaign against 5 Ronald Reagan, Gary Hart, Walter Mondale and John Glenn while sitting in your air-conditioned room in Singapore? Normally the race for presidency is a long uphill climb
      651 words
    • Article
      Food companies bag $2.9m orders
      265 2  -  By JOANNE YAP r«LOCAL companies which -"participated in the recent 2*Middle East Food and «Equipment Exhibition (MEFEX) in Bahrain came -Iback with $2.9 million worth -*of confirmed sales. I* A further $2 million worth of orders are under negotiation. > The seven companies are 2?happy
      265 words
    • Article, Illustration
      Israelis seek joint ventures
      528 2  -  By MONICA GWEE ISRAEL'S high-technology industries are keen on joint research and manufacturing ventures with Singapore companies. An Israeli trade official who was here earlier this week to meet contacts and to prepare the ground for such ventures, said the focus was on joint-ventures that would
      528 words
    • Article
      Growing value of sawn timber exports
      444 2  -  By LUCY NG THE price of sawn timber improved in February this year as the value of sawn timber exports continued to rise over the same month last year. Sawn timber exports registered an improvement of 4.5 per cent in value terms, even though
      444 words
    • Article
      Visitor from Brunei
      77 2 THE Permanent Secretary of the Brunei Ministry of Development, Mr Haji Mohd Salleh bin Hidup, will visit Singapore tomorrow. During his four-day familiarisation visit, Mr Salleh will call on the Public Works Department, the Planning Department of the Ministry of National Development, the Trade Development Board and
      77 words
    • Article, Illustration
      Glimpse of banking future
      437 2  -  By JEFFREY TSANG IF THE Banque Asia '84 exhibits are anything to go by, the banking industry is heading into an era of home banking at an international level. Of the 63 exhibitors from 13 countries round the world, more than half were vending ATMs, home
      437 words
    • Article
      Pandas to feature on coins
      152 2 PANDAS and Macau are the subjects of new issues announced by the Singapore Mint. The "Pandagram" is a caricature of the giant panda on a one- or twogramme ingot of 999.9 fine gold, produced in proof-like condition by the Mint. Each panda medal shows the
      152 words
    • Article
      HDB homes get Channel 12
      277 2 RESIDENTS of HDB estates will now be able to receive Channel 12 on their television sets. Installation of centralantenna television (CATV) systems was completed > by the end of March, instead of April as originally announced by Mr Teh Cheang Wan, the Minister for National
      277 words
    • Article
      HDB building 15,453 4S flats
      144 2 THE Housing and Development Board is currently building 15,453 new fourroom simplified (4S) flats worth more than $620 million. But there are only about 3,600 applicants on a separate register as the 4S is one of the latest models to be introdoced. Yesterday an HDB
      144 words
    • Article
      Fandi to add kick to poster campaign
      218 2 ANTI-SMOfUNG pasters featuring popular profeosioasl footballer Fandl Ahmad will be released today by the Ministry of Health to commemorate World Health Day. ne ministry has decided to release the pesters frataring Fandl with the message "I'm a non-smoker. Are yon?" la line with
      218 words
    • Article
      PPD project
      50 2 THE Primary Production Department will spend $5 million to expand and improve the Jurong Fishing Port and the Central Fish Market later this year. The project will improve the drainage systems and general hygiene conditions at the two markets and will take more than a year to complete.
      50 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      250 2 'I RC. U 84 Sfei" VSI v 1 Mm. tz&) rvi vj iJill i OCBC EASI-PAY The One-Step Payment System for all transactions Cuts cash transactions. Cuts paperwork. Cuts queueing. OCBC EASI-PAY is the latest electronic payment system which will make or collect payments on your behalf to or from
      250 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      124 3 k V a 4 I v» >v<i 5T 709, 000 662.00Q APfUL-JUN& £5 W i TIMES i 19.00 :t 10.2Q VV6 f£ 1,000 S .00 i J The Deducs/w? Take the equation E'= as proven* 106 000 of whom do not read any other newspaper. That's Now assume your ad
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  • OVERSEAS
    • Article
      Lock icon Crude oil stocks of OECD at lowest levels
      636 4 AFP CRUDE oil stocks held by oil companies of Western countries and Japan have hit their lowest levels since the International Energy Agency (lEA) began monitoring the market nearly 10 years ago. The Paris-based lEA, in its monthly oil market report yesterday,
      AFP  -  636 words
    • Article
      Lock icon World spot oil prices up slightly
      231 4 Reuter WORLD spot oil prices rose slightly in the first quarter 'of 1984 because of a modest increase in industrialised -«wn tries' consumption and drop in non-communist •mitput, the International Agency (lEA) said IJp Thursday. In its latest monthly oil Market report, the lEA
      Reuter  -  231 words
    • Article
      Lock icon Europeans on aid to Third World
      115 4 Reuter EIGHT out of 10 Europeans thought the European Economic Community gave just enough or too little aid to the Third World, but a majority blamed the developing world itself for its desperate plight. These were the results, released on Thursday, of a public
      Reuter  -  115 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORDANC, NRT/TPE SIA SQU 0110 LAX/TYO CAL CI331 0150 TPE PAA PA5 0225 JFK/SFOHKG -MAS MH601 0820 KUL CV CV796 0900 LUX/DXB MAS MH671 0905 KUL SV SV396 0910 JED/RUH MAS MH811 0910 PEN SIA SQI03 0950
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    • Article
      Lock icon Oil demand put at 45m bpd
      170 4 Reuter DEMAND for oil in the noncommunist world is expected to be just over 45 million barrels per day in 1984, about two per cent above the 1983 level. The fall in demand was reversed in the second half of 1983 and latest estimates
      Reuter  -  170 words
    • Article, Illustration
      Lock icon Brezhnev's car was bugged, Nixon says
      478 4 Reuter FORMER US president Richard Nixon, in television interviews to be shown next week, says the US probably bugged Soviet leader Leonid Brezhnev's car and that US intelligence keeps a president informed on the sex lives of foreign leaders. Mr Nixon says he should
      Reuter  -  478 words
    • Article
      Lock icon Costs of forest fire
      359 4 AP WHAT may have been the world's worst continuous forest fire destroyed more than three million hectares of rain forest between February and June last year in East Kalimantan. Indonesia's Minister for Forestry, Sudjarwo, said on Thursday that the fire had destroyed almost all living flora
      AP  -  359 words
    • WORLD IN BRIEF
      • Article
        Lock icon BRITAIN MAY PULL OUT FROM UNESCO
        322 4 Agencies BRITAIN has warned that it might withdraw from the United Nations Educational, Scientific and Cultural Organisation (Unesco) unless "real improvement in its operations" are made, sources said on Thursday. They said Britain would review its position on continued membership "before the end of
        Agencies  -  322 words
    • Article
      Lock icon House approves plan to reduce budget deficit
      618 4 NYT THE US House of Representatives has approved its Democratic leaders' plan to cut the projected budget deficits by US$lBl.7 billion over three years. The vote was 250 to 168, with 21 Republicans joining the Democrats. Only 29 Democrats voted against. Both parties
      NYT  -  618 words
    • Article
      SHIPS IN PORT
      1052 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Operator Gdnt FCL Location Chev Valbelle 35/432 7.4.84 2100 Optorg FSB 0700-0900 G3 B Seroja 157 7.4.84 2300 LeoShpg FSB 1000-1100 L3 Ratana Bhum *****3 7.4.84 2300 S'pore Shpg FSB 1000-1100 L3 Sea Glory 14 7.4.84
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  • BANKING AND FINANCE
    • Article
      M'sia seeks ADB loan
      57 5 MALAYSIA Is seeking a US$7O million loan from the Asian Development Bank (ADB) (or the building of a major road project, the Deputy Works Minister, Dr Nik Hussein Abdul Rahman said in Kuala Lumpur. After meeting visiting ADB president Masao Fujioka, he said on Thursday the
      57 words
    • Article
      Okay for sale of CDs
      48 5 JAPAN will not allow banks to issue medium- and longterm Euroyen loans exceeding one year as such issues would destabilise domestic financial institutions, the Japanese finance ministry said. But it would permit banks to sell certificates of deposits (CDs) on the Euroyen market.
      48 words
    • Article
      US prime of 13pc likely by year-end
      434 5 ECONOMISTS predict the prime rate will rise to at least 13 per cent by the end of the year following the half-point rise to 12 per cent on Thursday by most major US banks. Some home mortgage rates and other consumer lending rates
      434 words
    • Article
      Lock icon Proposal for new reporting
      153 5 Reuter THE US Treasury said it wants to establish procedures under which the Secretary could require certain US banks to report financial transactions with foreign financial agencies. Assistant Secretary John Walker said the proposal is an attempt to identify illegal money transfers. "Such reports would facilitate
      Reuter  -  153 words
    • Article
      Lock icon US financial groups oppose deregulation
      159 5 Reuter US SECURITIES and insurance industry groups said they oppose legislation which would give banks more freedom to enter their fields while banks said delaying deregulation would be anti-competitive. Richard Jenrette of the Securities Industry Association said on Thuraday at a hearing of a House
      Reuter  -  159 words
    • Article
      Lock icon Japanese trust banks want overseas links
      169 5 Reuter JAPAN'S trust banks want to forge links with US and UK banks and securities companies to increase corporate pension trust funds' returns on investments abroad, trust banking sources said. Japan's corporate pension funds now total about 14,000 billion yen and will rise to
      Reuter  -  169 words
    • Article
      Lock icon Australia lifts restrictions on forex dealers
      471 5 FT THE RULING Australian Labour Party has agreed to lift restrictions on the number of foreign exchange dealers in Australia and to allow the country's large banking groups to compete with the merchant banks in the short-term money market. Both developments are among the
      FT  -  471 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      487 5 THE US dollar remained steady against most major currencies on the local foreign exchange market yesterday despite the half percentage point increase in US prime rates. Dealers said the rise in prime rates had little effect on trading here as most traders stayed on the sideline awaiting further
      487 words
    • Article
      PLR
      22 5 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.187 per cent.
      22 words
    • Article
      Gold
      201 5 GOLD futures in Singapore yesterday closed little changed from earlier levels but slightly higher compared with New York's finish in very quiet trading. In kerb trading one lot was transacted. Prompt closed at U*****.40/ 380.50 an ounce compared with New York's $379/380 close and June at $386.30/386.40 against $385.20/385.50.
      201 words
    • Article
      Silver quotes
      35 5 New York 9.08B 9.3SB 9.14S 9.406 Zurich 9 JOB 9.37B 9.35S ■Til. Mas Singapore m 9.11B tVui 9.33B 9.1CS 9.38S Closing price* In US dollars a troy ounc a. Source: Credit Suisse, S'pore
      35 words
    • Article
      Treasury bills
      49 5 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from April 9 to April 13. Offered: $170,000,000 Applied far: $320,500,000. Allstod: $170,000,000. Accepted Mis: $99.32 approximately 38 per cent; higher bids in full. Average rate a( dtsesaat sa aUatmeat: 2.710 per cent per annum.
      49 words
    • Article
      Tokyo
      208 5 THE DOLLAR closed slightly firmer yesterday at 225.78 yen against the 225.65/75 close in New York, but below a two-week high of 225.80 touched in early trading. Market expectations of higher US interest rates following a prime rate increase by some US banks on Thursday helped the dollar to
      208 words
    • Article
      ASIAN $ RATES
      179 5 ASIAN RATES ASIAN currency deposit interbank rates as at 5 pm on April 6: USDtlUn OTT.r BM 7 days 10 13/*****1/16 1 month 10 13/1610 11/16 2 months 10% 10* 3 months 11 10H 8 months 113/16 111/16 9 months Uto 11H 12 months 11* 11* DM. SwJn. /MUiU P-1,
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    • Article
      Discount
      46 5 RANGE at price* often id by dlscount bout* on April 6: Overnight: 3 Call deposits: 2 3 Closing B«ying 3-month Salliag Treasury bills 211/16 2 0/16 3-month Bank bills 8* 8% 3 months CD 715/16 713/16 6 months CD 7% 7* Source: National Discount Ca
      46 words
    • Article
      Hongkong
      59 5 THE US dollar eased against other major currencies yesterday on late booksquaring ahead of the weekend. Banknote rates yesterday: (HK per 1): US 7.77/7.79 Uk ....10.93/11.13 Brunei 3.71/3.73 West Germany 2.96/2.97 Malaysia 3.39/3.41 Philippines 0.46/0.48 Singapore 3.72/3.74 (Hk per 10): Burma 1.50/2.50 TruHa 5.80/6.00 (Hk per 100): Indonesia 0.77/0J0
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    • Article
      London
      76 5 THE dollar, as In the Far East yesterday, failed to maintain its New York gains and shortly after the opening eased noticeably. Opening que itn yesterday: us 1.4195/4206 On ***** 8200 1.2811 14 D Mk 3.7380 1406 dfi 51W« s Ft 3 0990 1015 76.46/55 FFr 11 5030/5155 ut
      76 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      246 5 > N I hA*' dm ft* 2tfr Hi'M You list them. We pay them. No hassles. No delays. Introducing DBS Autopay. Making it easier for you to make payments. There couldn't be an easier way to pay salaries, rentals, insurance premiums, loan installments or dozens of other payments. Or to
      246 words
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  • Article
    Business tips for women
    525 6 A JOLLY good show is one where there is something for everyone tuned in. A jolly good showing, on the other hand, is one when you have to turn away crowds. And so it was both at the first talk in a series on starting your
    525 words
  • Article
    Malaysia's car project begins to firm up
    934 6  -  By S UMADEVI IN A VAST clearing amid rubber trees and oil palms about four kilometres off the main road just past Sungei Way in Selangor, the Malaysian car project is taking shape. Work on an assembly plant, test track and stamping plant
    934 words
  • Article, Illustration
    Lock icon Farewell to paradise for Clunies-Ross
    460 6  -  By JANE EYRE Reuter THE rale of Englishman John CluniesRmB, "master" or "lord" te the Cocos islanders he paid in plastic money for gathering his coconuts, ended yesterday. In a United Nattons-sapervioed election, 17t of the Indian Ocean group's 3M citiiens, whose forebears came as
    Reuter  -  460 words
  • Article
    Don't kill the small man's livelihood
    307 6 Letters to the Editor WE refer to a recent writeup in the Shipping Times (March 7, 1984) which reported that there was a bright future for tallying service in this region and linking this prospect to a foreign company which allegedly started business in
    307 words
  • Article
    Fault does not lie with architect
    222 6  -  R Mortie MR CHEN is so right when he says (Business Times March 30, 1964) that many architects and businessmen are dissatisfied with the buildings they put up. The culprits surely are the accountants who devise and the bankers who provide the finance. There
    222 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      577 6 Tomorrow's whiz-kids need this computer today! No penny arcade kid's stuff here This is the personal computer commissioned and designed specifically for the British Broadcasting Corporation's nationwide "Computer Literacy" programme It is recommended by the Department of Industry for Primary and Secondary schools throughout UK and is now the most
      577 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      903 6 1 SINGAPORE 5 D 12.30 PM SBCTEXT Live Sample Pages 1.00 Opening and Programme Hiftififtits followed by Sesame Street 2.05 Flash Gordon (Cartoon) 2.35 Saturday Matinee The New Land (Part Continuing the story of a Scandinavian pioneer family, and the hardships and joys of their new life in Minnesota, USA.
      903 words
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  • TIME OFF
    • Article, Illustration
      Rally that makes every drop count
      912 7  -  Getting up at dawn, jostling with 95 other drivers and spending all day on the road may not be everyone's idea of a good time but for rally enthusiast JEFFREY TSANG, it was a worthwhile experience. JEFFREY TSANG IT WAS April Fool's Day. Not
      912 words
    • Article
      What's on
      709 7 CONCERTS SSO with Alexander Slobodyanik, Soviet pianist who recently completed concert tours of Europe and America. Slobodyanik was described as a virtuoso who could do miracles. "Beautiful sound and rhythm, complete knowledge of the instrument, true and passionate performance..." Programme: Quattro versioni originali della "Retirata Notturna de Madrid
      709 words
    • Article, Illustration
      A choreographed typhoon from a sizzling Jewish princess
      549 7  -  By MONICA GWEE "I HAVEN'T blushed in years," declares Eileen Richter, 77kg lighter after living on the Scarsdale diet. Eileen, now exploding nightly at the Bistro Toulouse-Lautrec, was 332 kg of neurosis and "fat, all fat" until 18 months ago when she
      549 words
    • Article
      South America for the intrepid
      512 7  -  Tba 1984 South American Handbook, publithad by Trada and Traval Publication*, aditad by John Brooks. 1,458 pagat. Raviawad by TSANG BAU YIN TSANG SAU YIN WHERE can you find unexploded mines as well as Rockhopper penguins, black-throated finch, pipit, siskin, dotterel and sheep all living
      512 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      126 7 The three secrets of success discovered by hundreds of thousands can now be put to work with... Putting The One Minute Manager jo Work 1 is a companion volume to The One Minute Manager, the hugely successful international best-seller which has sold more than a million hardback copies and has
      126 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      766 7 TWO-11-OME CROSSWORD CRYPTIC PUZZLE ACROSS 9 Are tennis playing seriously (2, 7) 10 Are two allowed? One for each arm? (8) 12 From the delicatessen, a highly seasoned meat loaf! (4) 13 The fellow, years afterwards, does succeed (6) 14 Waiting whiie you do what's necessary to the car (7)
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      340 8 Wfiere to wine, dine and entertain today Y y^^^^/*s^/*^„ The total card that incorporates the features of a credit card, charge card, cheque c 1 ne total cam mat incorporates the features of a credit card, charge card, cheque card, card and purchase card neatly into one Call Julia at
      340 words
    • Advertisement
      Page 8 Advertisements Column 2
      146 8 y^ii^ JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open liatk' U noon (i '■{(I p m for reserrations call *****77 r m ICI j!I) 11 mi I'iirk Slicr:ili)ii>Sinpi|HM-r Nnssim Hili, 102 r j Ooe'atecl by ANA HOTELS INTERNATIGNAL TrvjWF D L P W 0 Welcome aboard
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    • Advertisement
      Page 8 Advertisements Column 3
      245 8 Paramount Hotel r*e people 5 COME on a gourmet adventure beneath the starlit sky M the starlit sky 4 gteamboat Every Sunday pvn pm X •JET V For two:S2H• For four: $56 For six $85 crMariiio leii'ace A delicious choice of fresh and succulent seafood meal and vegetables dipped into
      245 words
    • Advertisement
      Page 8 Advertisements Column 4
      231 8 J Hilton's Lounge presents Sandi Mark A duo that packs between them enough musical styles, variety and talent to keep you entertained right through the night. Come and be enchanted. 8 pm 12.45 am (Mondays to Thursdays) Bpm 1.45 am (Fridays Saturdays and eves of public holidays) &UNCE HMVTOS INThKSATIOSAIi
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    • Advertisement
      Page 8 Advertisements Column 5
      295 8 Executive Style Quick Lunch AVAILABLE FROM I 2.00 NOON 2.30 PM $16.00++ MONDAY ROAST AIR FLOWN SIRLOIN OF BEEF Fondant Potatoes Vicky Carrots TUESDAY ROAST LEG OF PORK APPLE SAUCE Croquette Potatoes Bouquet of French Beans WEDNESDAY ROAST PRIME RIB OF BEEF Jacket Potatoes Cauliflower Au Gratin THURSDAY ROAST STUFFED
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  • RAW MATERIALS
    • Article
      Produce exchange
      159 9 CHINESE Produce Exchasge, Singapore, ■••a closing prices per 111 kg yesterday. Cocoant all: Bulk fob $194.00 sellers, old drum (in second hand drum) fob $207.00 sellers, new drum fob $211.00 sellers. Copra: Mixed (loose) $110 buyers. Pepper: Muntok white pepper fob Asta NLW $617.50 sellers, Sarawak white pepper
      159 words
    • Article
      TEXTILES
      194 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cottoo Yam: China Blue Phoenix 20's 3,530 32's 4,020, 40's 4,130 (per bale of 400 lbs), piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq, Five Lambs unq. Flower and Butterfly
      194 words
    • Article
      RICE
      329 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.05, 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, Special
      329 words
    • Article
      PALM OIL
      178 9 MALAYSIAN crude palm oil prices closed steady yesterday in light interest and quiet trading with sentiment affected by a lower Chicago soybean complex close. Interest centred on the April position with central region rising Mslo and south unchanged, both at a tonne. In the refined market May RBD
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    • Article
      SOYBEAN
      191 9 SOYBEAN futures in Chicago on Thursday closed 8 3 4 to 12 US-cents a bushel lower, near the bottom of the day's 10-cent range. Pressure from heavy country movement, increased barge loadings to the Gulf and weak basis levels pushed prices lower throughout the session. An expected decline in
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    • Article
      WHEAT
      194 9 WHEAT futures in Chicago on Thursday closed BV< to three US-cents a bushel lower, near the bottom of a seven-cent range. Prices were pressured throughout the session by moderately heavy overnight country movement and weaker cash basis bids. Additional selling by both professional houses in May and by a
      194 words
    • Article
      CLOSING PRICES
      28 9 Rubber. April 6 Singapore: April 222.50 cents (unchanged) Malaysia: April 244.50 cents (up half cent) Tin: M $29.15 per kilo (unchanged) 170 tonnes (up 10 tonnes)
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    • Article
      Straits Tin
      86 9 THE Straits tin price in Penang yesterday remained at the IT A floor level of M 529.15 a kilo, reflecting a wide premium held over the price in London. Dealers said Penang's price is now £511 a tonne higher than London's following weakness of sterling against the Malaysian
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    • Article
      RUBBER
      165 9 THE RUBBER market in Singapore yesterday closed quietly steady with April One RSS buyers quoted at 222.50 cents a kilo, unchanged from Thursday's close. In Koala Lam par. rubber prices yesterday finished slightly higher with April One RSS buyers quoted at 244.50 cents a kilo, up half a cent
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    • Article
      Rubber prices finish weaker
      300 9 EASIER conditions prevailed as levels gradually lost some eight cents before recovering sharply to regain part of the loss. Holiday, Caller, Bath ft C* said in its review of the Singapore and Malaysian rubber markets for the week ended April 5. Turnover was reduced as buyers
      300 words
    • Article
      RAS PRICES
      332 9 RAS prices In cent* per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b. 222.50 223 50N 222 50 223 50N bit 1 R.S.S. April 222 00 223 00 222.50 223.50 Int 1 R.S.S May 228 50 229.50
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    • Article
      SSR and SMR
      114 9 NOON SSR and SMR p ncn yeatertlay RAS SSR 20 SSR SO (1-ton (1-ton pallet i pallet) April (Carrant Mtk) Bayer* Saltan 213.00 215.00N 211.00 213.00N May (Forward Mtk) Bayer* Sailor* ***** 217.00N 213.00 215.00N MRELB April May SMR CV SMR L SMR 5 SMR GP SMR
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    • Article
      ITA funding to be discussed
      211 9 MALAYSIAN Primary Industry Minister Datuk Paul Leong will raise the question of Malaysia meeting its full financial contribution to the sixth International Tin Agreement (ITA) at the next Cabinet meeting. At the moment, only Thailand has met its financial contribution to the agreement in full.
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    • Article
      Lock icon India unveils ambitious tea development plan
      306 9 Reuter INDIA'S top plantation and trade officials unveiled an ambitious development plan to boost tea production with a record investment of 1.36 billion rupees this year, up from 400 million in 1963. Mumtaz Ahmad, chairman of the Consultative Committee of Plantations Association, said the
      Reuter  -  306 words
    • Article
      Lock icon Forecast of timber crisis
      202 9 Bernama MALAYSIA has decided to cut the depletion rate of it's forest by a drastic 25 per cent or 51,000 hectares annually from 1986 to prevent a timber crisis. Deputy Primary Industries Minister Haji Bujang Ulis announced on Thursday that from 1906 to the year 2000,
      Bernama  -  202 words
    • Article
      LONDON MARKETS
      1067 9 COFFEE: Robusta Futures yesterday ended an active morning session with gains from the previous close of £26 to £10. Nearby months ended just below new contract highs, while distant positions finished mostly at new highs. May last traded at £2,106, £3 below the new contract high and £26
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      176 9 AP* 06 Tn CORBEILLE 5 GROUPB Carrelour 1T10 Financier* de L "Union 91*1 Lafarfe ***** 88 -3.1 2.4 Aquiuke Nat +1-5 Moet-Henneasy Opfl-Parlbas 1400 148 50 -I Dpi Petrole B 8 N Gerrala DtnoM 2547 48 Penarrojra Radlotechnlque 57.40 284 0.9 3.8 C8F (ThomaonCaf). 306-30 -0 5 GROUP C
      176 words
    • Article
      Brussels
      82 9 AP« Frs Or Bru Lamb Hobok 2450 5150 10 130 forward Ace* Arb«d market TOO iaao 622 2 80 -179 Petro Hyl Dutch Sldro Soc Oen Belc 7400 2900 1975 1845 70 5 +80 45 Br>«can anp«c Cock Dc Beers 1836 1M6 275 450 2800 -10 -ss 18 4
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    • Article
      Frankfurt
      84 9 APR 06 Aef-Telefunken Dm 96 00 -0.4 Hoesch Horten Karstadt 118.00 196.00 386.00 15 -1 BASF ***** 0.3 KHD 230.00 -3 Bayer BMW Commersbank Conu Ouromi Daimler-Beni ***** VTt OOB 175 70B 131.70 S80.00 405 -08 45 Untie Mannesmann Philips Komm Preussag Rwe ST A Sobering 378.006 ***** 318.00B
      84 words
    • Article
      Milan
      88 9 APR 06 Bastofl Lire 151 ***** 3 090 MKJIotx.no M llano Ass Ord Mondadort Ord ***** ***** 3728 1966 860 -40 -22 -28 1929 5# 5 218.50 -1.5 Cond Acqua Roma ***** 8730 35 -80 Olivetti Ord Pirelli And C 4450 2900 1526 30 -10 15 4228 -2 *****
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    • Article
      Zurich
      177 9 APR 05 Action* Sulsaes Alusuisse Br. Alusuisse R«f Francs 315 885 294 2 Sandoz Rei. Sulxer Pc Sulser Ret Swiss Bank Br Swiss Bank Corp 2430 288 1720 334xd 262xd 10 2 10 Brown Bowl Br Clba OtifJ Br. 1515 2710 5 20 SwUs Re-Insur 3000 unch Clba Gelgj
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    • Article
      Toronto
      176 9 APR 06 Abltlbl Alcan Algoma Bank Mont Bank Nora Scotia Bell Tel BP Can Ltd C$ MS 40S H -1 Imp Oil Inco Int Pro* Pipe 3fJS ns 27S -Ik -S -s -s -s unch s 25 MS 11S as 21S -H -S -M -S Int UU Intl Nickel
      176 words
    • Article
      Johannesburg
      207 9 APR 06 Rand INDUSTRIALS Un Steel Unlaec Wool worth 130 560 1725 unch •5 unch A Alpha Abercom AE And CI A maprop 960 235 835 425 3075 1410 2560 I 290 unch unch 5 unch unch -5 ■25 MININGS Anglos 2395 Anflvaal 35 so 100 J •10 AMIC
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    • Article
      Amsterdam
      146 9 APR 05 ru 403.00 15 Intn Muller KM KLM 33 80 3310 174.80 -02 -0.9 23 ***** ■4 <380 -03 98 30 0.2 40 10 -0 2 154 30 -2.7 moo -1 Nedllojrd 125 00 2.5 75 10 01 ***** -1 Berk Bo Is 41 SO 9T50 uneh J
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    • Article
      Market sharply lower
      1113 9 NEW YORK THE stock market reacted to the second half-point increase in the prime lending rate in three weeks by closing sharply lower on Thursday night, extending its losing streak to six straight sessions. The Dow Jones Industrial Average, which stood at around 1171 before its decline
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3141 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 Time Settlement Contracts are quoted after
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  • Article
    SHARE INFORMATION SERVICE
    3672 10 Cr's Gr*s Net I«* Hick 1 Last Dlr DW YTd P/K Vol Day Low Company Sal* 4-or- Cvr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 112 120 A M D B 50* 126 -3 1.8 0.7 64 128 126 310 252 Acma 276 7.5 37 380.0 308
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  • Article
    Unit trusts
    181 10 Managers' prices far April 7*1 SINGAPORE UNIT TRU8T DIAMOND MOT 8TORE The Commerce The Savings Fund S'pore Prog Fund S pore Sec Fund S pore Invest Fund S pore Equity Fund 3.42 363 1.98 2 10xd 148 1.55 2.25 2.39 1.20 1.27 1.45 1.54 Mar Diamond S pore
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  • Article
    In Kuala Lumpur
    2609 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 lots of 1,000 units unless otherwise specified. INDUSTRIALS (3 90B) (1)3 90 Ak»m (2 635) (3) 2.48 (3) 2.50
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  • Article
    Fresh buying buoys market
    759 10 CAUGHT ia the balllah mead, Investors seat share prices higher far the third ceasecatlve day at the Stagapere stock market yesterday. Dealers aad aaalysto said eeaslsteat bsyiag by "fresh" lavestors aad eeverlag activities by shert sellers held prices ap. The latormltteat heats sf preflttohtag which emerged
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  • Article
    Slight gains in Kuala Lumpur
    559 10 THE Kuala Lumpur stock 'market closed the week only marginally ahead following two days of strong advance. Unlike Thursday's broadbased rally, trading yesterday was selective and was centred mainly on industrial lower liners. Overall, most sectors edged slightly higher but properties were slightly lower. A
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  • COMPANY NEWS
    • Article
      Lock icon Occidental and China in US$500m venture
      489 11 UPI THE Occidental Petroleum '/Corp and China secretly signed a contract on Thursday for the financing of the largest Sino-US joint ven«v ,ture ever a half-billion "dollar coal mine in Shanxi Province, business sources said. The venture is estimated to be worth between $500
      UPI  -  489 words
    • Article
      Lock icon Car giants top Fortune list
      249 11 AP w REBOUNDING car industry gained on j the big oil companies in the 1983 Fortune 500 list of the largest US industrial compaflies, released on Thursday by Fortune magazine. •c Exxon Corp, the biggest American oil company, remained No 1, but its sales dropped
      AP  -  249 words
    • Article
      Gadek expects better year
      261 11 GADEK (M) Bhd, a plantation-based company with interests la oil palm and robber, expects to perform better this year, said chairman Ahmad Reese HaJI Mehamed All. Reviewing the company's operations for the year ended Dec 31, IK3, he said that in spite of disappointing results from
      261 words
    • Article, Illustration
      March marred by retreat
      956 11  -  By RAMESH CHANDIRAMANI THE month of March was one big "drift" for share prices on the Singapore stock market. With nothing positive to shape investors' "buying mood", stock prices drifted lower in thin, dull and featureless trading. The month began with a mild flutter during the
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    • Article
      COMPANY MEETINGS
      147 11 LIEN H«e lad utile* Berhad: Fifteenth AGM to be held at the Conference Room at Lot 1509, 15th Floor, Wisma MPI, Jalan Raja Chulan, Kuala Lumpur on April 7 at 10 am to be followed by the EGM. CARLSBERG Brewery Malaysia Berhad: Fourteenth AGM to be held at
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  • ASIAN STOCKS
    • Article
      Sydney finishes mixed
      387 11 ,-vA FURTHER bout of buying from the US helped "■■industrial issues firm while "metal stocks were generally easier on weaker physical prices yesterday. J." Dealers noted strong < buying demand through melbourne with several "large parcels lifting turn--over. Near the close the AllOrdinaries Index was down 0.6
      387 words
    • Article
      Prices end weaker
      511 11 HONGKONG SHARE PRICES yesterday closed with moderate losses due partly to late speculation about imminent rises in local interest rates. Brokers noted US banks on Thursday raised their prime rates by a half-point to 12 per cent and that this resulted a sharp fall on Wall Street
      511 words
    • Article
      Tokyo shares sharply lower
      506 11 SHARE PRICES yesterday closed sharply lower in reaction to Thursday's fall on Wall Street, though late buying curbed the early decline. The market average lost 73.20 to close at 10,914.73. It had lost 118.80 at midmorning and 9.10 on Thursday. American depository receipt issues led the
      506 words
    • Article
      Taipei
      252 11 APR 06 Lee Chang Yuen NT t Chem Indus 23 40 '02 Uen Hwa Indus 11.50 >0.06 All Sincere Indus 1050 Nan Ya Plas 34 10 >0.4 0.1 Pacific Cons 27 TO >0.2 Asia Cement 30.30 0.3 Pacific Elect Cathay Cona 31.90 Wire 17 20 >03 Chang Hwa Bank
      252 words
    • Article
      Manila
      96 11 APR 06 Pesos Acoje Mining Anglo PhU Apex Mlnlnj B 0 009 unci) Atlas Con B 30 90 unch Bagulo oold 0001 unch Basic Petroleum 0006 ****** Benguet Con B 125 -2 CDCP First Phil Hldgs 110 >0.08 Lepanlo B. 0.6 -0 15 Marlnduque B 8 unch Marsteel Oriental
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      402 11 avnottxtamum i UNITED OVERSEAS LAND LIMITED INCORPORATED M THE REPUBLIC Of SINGAPORE) To: All Ordinary Stockholders NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Twenty-First Annual General Meeting of the Ordinary Stockholders will be held at the Board Room, 30th Storey, UOB Building, 1 Bonham Street, Singapore
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  • Chief Price Changes
    • Article
      SINGAPORE
      197 12 Rises Indices N S T 2150 100 Tronoh Mines 910 95 Apr 5 Apr 6 Meotakab Kg Lanjut SI-SO Bent a 1550 750 1300 60 60 40 BT Composite: BT Indicator 920 44 *****76 920 65 *****17 Larut Tin 380 38 ST Industrials: 994 44 994 36 Kamunting 50<
      197 words
    • Article, Illustration
      KUALA LUMPUR
      183 12 INTERMITTENT profit-taking was well absorbed on the Singapore stock market yesterday and prices generally held steady. The* Straits Times Industrial Index slipped 1.18 points to 994.36 and the Business Times Composite Index gained 9.21 points to 929.95. Owing to a technical fault, Thursday's share price for Sanyo 'A'
      183 words
    • Article
      Selected indices
      54 12 H.K.HANG SENG Thursday 755.7 Week Ago 750.5 Friday 1064.32 Thursday *****7 Week Ago 1014 38 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN Thursday 867.0 INDUSTRIALS Wednesday 857.8 Week Ago 881.8 Friday 978 5 Thursday 976.6 Week ago 967.2 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Thursday 1130.55 Wednesday 1148 56 Friday 754.9
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  • Article
    COMPANY BRIEFS
    212 12 SETTLEMENT trading in Supreme Corporation Bhd will be suspended from April 27. PTISAN Fishing Net Manufacturing Bhd's one-for-two rights issue of 24.3 million shares of $1.00 each and special bumiputra issue of 15 million shares have been approved by the Capital Issues Committee. The special issue is still
    212 words
  • Article
    LONDON STOCKS
    975 12 THE market closed above the lows in quiet trading yesterday awaiting a lead from Wall Street. Dealers said some of the opening mark downs had been recovered on buying at the lower levels prompted by the overnight weakness on Wall Street and fiscal new year profit-taking. At 3pm,
    975 words
  • Article, Illustration
    Idris Hydraulic to make share offer
    746 12 Companies Editor: ALAN LEE IDRIS Hydraulic Malaysia Bhd, the reorganised ex-tin mining company in which Koperasi Usaha Bersatu (M) had in 1982 obtained controlling interest, is to make a share offer to the public. It is believed that the Malaysian Capital Issues Committee earlier
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  • Article
    Keck Seng profits rise to M$18m
    494 12  -  By AMY CHEOK PLANTATION and property group Keck Seng (Malaysia) Bhd has released encouraging year end results. At the same time, the authorities have approved the company's proposed bonus and rights issues subject to some modifications. For the year ended Dec 31 1983, Keck
    494 words
  • Article
    Distributing rights
    36 12 INTRACO Ltd, which has bought 400,000 shares in Everbloom Mushroom (Pte) Ltd, will have the sole distributing rights for the mushrooms to all countries except those where Everbloom has established licensing and marketing arrangements.
    36 words
  • LATEST RESULTS
    • Article
      LINGUI Developments Bhd:
      50 12 Group pre-tax profits rose to M 51.65 million in the six months to Dec 31, 1983 from $545,000 previously, on turnover of $2.92 million ($1.75 million). An unchanged interim dividend of two per cent gross will be paid on June 8 to shareholders registered on May 7.
      50 words
    • Article
      CHEUNG Kong
      91 12 Consoli- dated net profit after tax but before extraordinary items of HK$4OB.B million ($525.6 million), including provisions for diminished value of land held $169.2 million ($458.7 million) in 1983. Earnings per share of 106 cents (142). Extraordinary profit of $300,000 after providing for group holdings in associated companies
      91 words
  • Article, Illustration
    Lock icon UPSIDE OF $3.00?
    258 12 CHART PMINT By Hock Lock Siew A BASIC tenet of technical stock chart analysis is that prices move in trends. The market in general and the stocks which compose it do not rise or fall in altogether random fashion. On the contrary they show definite organisation and
    By Hock Lock Siew  -  258 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      596 12 IC TIMES CONFERENCES Presents CORPORATE TAX PLANNING FOR SINGAPORE MALAYSIA 11. 12 13 APRIL, 198 4 11 APRIL 1984 CHAIRMAN Mr Lee Km! Hmr Principal ('MNltut Lee KmL Hm( A f«, Sla(tp«rr 1983 84 TAX PLANNING REVIEW Mr U* Kmli Hmi PriiM-lptl (annuitant lyre Kml Hmi A ft, Sloop*rf THE
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      53 12 OUTLOOK for todav: Showers in the afterReport for 24 hours prior to 7.34 pin on April 6 at the airport: Maximum temperature 32.5 Associated humidity 64 Minimum temperature 24.6 Associated humidity 92 Hours of sunshine 6.85 Rainfall in millimetres 6.2 Total rainfall for the month 7.6 Total rainy days for
      53 words