The Business Times, 20 March 1982
1982-03-20
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The Business Times
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Title Section10 1982-03-20 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MARCH 1982 60 CENTS10 words
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349 1982-03-20 1 THE first sign of an upturn in local interest rates has emerged with Algemene Rank Nederland, Citibank, and Developent Bank of Singapore leading the way. From today, Algemene will raise its prime up by half a percentage point to 10.25 per cent. DBS,349 words
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434 1982-03-20 1 SOH TIANG KENG - By SOH TIANG KENG GERMAN aviation authorities have assured Singapore Airlines they will stop illegal discounting of fares in West Germany within eight weeks through cleaning-up operations. This assurance was given to Mr Michael Tan, SlA's marketing director, who has just returned from434 words
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350 1982-03-20 1 LEE YOKE MENG - By LEE YOKE MENG BUYERS of Pony cars can look forward to another month of cheap financing from the distribujjpr here. Pleased with the good response to an earlier exercise in January, the local retailer of Hyundai Pony cars has decided to extend the350 words
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838 1982-03-20 1 MANO SABNANI - By MANO SABNANI THE Chartered Bank's move to restructure its entire Malaysian banking operations will have important implications for the 17 other foreign banks operating branches in the country. But foreign bankers interviewed in Kuala Lumpur yesterday disagreed on the extent the move would put838 words
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BRIEFLY...
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Article61 1982-03-20 1 Reuter VIENNA, Fri. Opec appeared today to be nearing an unprecedented agreement to fix production quotas to defend its current benchmark price of US$34 a barrel against the world oil glut. The president of the Organisation of Petroleum Exporting Countries, Oil Minister Mana Said Al-Oteiba of the UnitedReuter - 61 words
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Article59 1982-03-20 1 UPI TOKYO, Fri. Japanese Foreign Minister Yoshio Sakurauchi said on the eve of his departure for Washington that he will reject US demands for total liberalisation of American agricultural imports. "I will tell them explicitly that total import liberalisation of farm products is impossible under the current agriculturalUPI - 59 words
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Article63 1982-03-20 1 Reuter TOKYO, Fri. France might close its market totally to Japanese products soon unless Japan takes further measures to redress the current trade imbalance between the two countries, said French Foreign Trade Minister Michel Jobert. The Mainichi Shimbun newspaper today quoted him as saying that in his personalReuter - 63 words
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Article70 1982-03-20 1 AP BEIJING, Fri. US exports to China in January fell 32 per cent from January 1981 while Chinese exports to the US, including the first big crude oil sale, more than doubled, the US embassy said. The US trade surplus for the month was U5539.7 million, down sharplyAP - 70 words
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Article62 1982-03-20 1 UPI MANILA, Fri. The Confederation of Garment Exporters has asked for a moratorium on labour strikes to prevent the collapse of several companies. "If hostilities at the picket lines continue to escalate, many garment makers are bound to lose not only their shirts but also their pants asUPI - 62 words
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Article74 1982-03-20 1 AFP TOKYO, Fri. The Bank of Japan has no plans to cut the official discount rate immediately following reductions in basic interest rates in three West European nations, central bank officials said today. They said Japan cannot afford to lower the discount rate under theAFP - 74 words
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Article62 1982-03-20 1 Reuter TOKYO, Fri. Aiwa Co Ltd, 51 per cent owned by Sony Corp, said it will postpone the completion of a new video tape recorder production line, scheduled to start production in August, to October or later because of dull demand. The company's new line is designed toReuter - 62 words
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Article50 1982-03-20 1 Reuter BANGKOK. Fri. Two powerful bombs exploded in the provincial capital of Surat Thani in southern Thailand today, killing 10 people and injuring about 50. Officials blamed the blasts on communist guerillas who have been hunted recently by Thai army troops in their suspected jungle strongholds. ReuterReuter - 50 words
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218 1982-03-20 1 PALLING i iiMiillj prices and a rtatog Impart Mil tesaght Pl—hr MalayMa a hage trade deficit at $1.79 billies last year sgal—t a sarplas M $1.76 Mtttaa la 1888. la—eta rase 112 per eeat tom£bU7 MlHsa while exCli tail U per eeat to 78218 words
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451 1982-03-20 1 WANG LOOK KEAH - By WANG LOOK KEAH SINGAPOREANS can expect to get instant information on stocks and shares, travel schedules, and entertainment and weather reports over their television sets at the push of a button by 1986-87. Minister (or Communications Ong Teng Cheong said451 words
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Page 1 Advertisements
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Advertisement256 1982-03-20 1 TTiTT 1 Lj KBQiDS TAN SRI Kamarul Ariffin will resign as executive chairman of Malaysia's largest bank, Bank Bumiputra, on April 1. Page 2 NGEE Ann Polytechnic will set up another department, tentatively to be called the institute of computer studies, under its five-year expansion project Page S THE United256 words
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Advertisement52 1982-03-20 1 Worldwide management experience at your fingertips. >- \t o The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by FEDERAL PUBLICATIONS 1 New Industrial Road, Singapore 1953 p\ A member of52 words
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Advertisement16 1982-03-20 1 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) V *f*VV Vv16 words
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BANKING AND FINANCE
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Article, Illustration436 1982-03-20 2 TAN SRI Kamarul Arlffin is resigning as executive chairman of Malaysia's largest bank Bank Bumiputra after six years at its helm. His successor as executive chairman is Dr Nawawi Mat Awin, chairman of Mara, who takes over on April 1. This announcement confirms rumours circulating436 words
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115 1982-03-20 2 Reuter FOUR majar Swiss haaks eat interest rates aa ttane iupwtti by kaK a pereeatice paint, effective mnAatety, a ■pekeamaa far the haaks nii Interest rates an diipaalls with —Isilltn betweea three aai five maatha are eat ta per eeat aad te I parReuter - 115 words
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351 1982-03-20 2 BANK Bumiputra has declared a maiden gross dividend of 10 per cent for the year ended Dec 31, 1981. This will involve a cash payout of MJ16.32 million. Bank Bumiputra had a pre-tax profit of $83.9 million last year, an increase of only 25.8 per351 words
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241 1982-03-20 2 JAPANESE long-term interest rates, including the 7.7 per cent coupon on 10-year national bonds, are likely to be reduced soon, mainly to reflect an improvement In secondary market prices, banking sources said. The Finance Ministry is expected to propose a cut in the national241 words
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Article602 1982-03-20 2 TRADING is likely to be low key (or some time on the Tokyo gold futures market which opens next Tuesday, the first new futures commodity to be introduced in Japan in nearly 30 years, gold traders said. But while depressed world gold prices and disincentives against its602 words
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359 1982-03-20 2 FOREIGN exchange dealers in Singapore will soon be able to make faster deals. Reuters, the International news organisation, will launch a monitor dealing service where banks can contact other institutions on the system In about (our seconds. This compares with the 30 to 30359 words
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Article174 1982-03-20 2 Reuter SIGNIFICANTLY lower inflation in recent months means it is quite possible for the US to reduce Interest rates, the DIW Economic Research Institute said in West Berlin. But hopes for a relaxation of American monetary and Interest rate policies have been dashed so often that USReuter - 174 words
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Article423 1982-03-20 2 Reuter THE National Commercial Bank of Saudi Arabia announced a 500 million Saudi riyal loan facility for the Saudi Research and Development Corp (Redec), a major contracting company. A hank spokesman said the medium-term loan was signed on Tuesday by the bank and four other banks onReuter - 423 words
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MONEY AND EXCHANGES
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Article438 1982-03-20 2 THE US dollar was traded generally firmer against most major currencies yesterday on the foreign exchange market. Dealers said the steady trend was due to speculative buying fuelled by expectation that the US money supply will be up again. However, trading was in a small volume. Against the438 words
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Article162 1982-03-20 2 THE dollar for overnight delivery In Tokyo yesterday closed at the day's high of 243.60 yen after opening at the day's 242.40 low. This was sharply higher than the 242.10/25 close In both New York and on the US West Coast overnight and the 241.06 finish in Tokyo on162 words
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Article267 1982-03-20 2 SINGAPORE gold futures yesterday turned weaker on some selling after a firmer opening, but the market still closed higher on balance compared with overnight levels, dealers said. Trading was thin throughout the day with total sales recorded at 56 lots while kerb volume at 35 lots, they said. Prompt267 words
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Article22 1982-03-20 2 THE avenge rate at which major Singapore banks are currently prepared to lead to their beat customers is 9.69 per cent.22 words
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Article34 1982-03-20 2 New Talk 7.1JB 7 088 7.JBS 7.158 Zurich 7.1® 7.MB 7 .MS 7.18S FH Ttan Singapore 7.IS 7.10B 7JTS 7.J5S rvwinp prion In US dodari troy ouno I. Source: Credit Suisse, S'pore.34 words
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Article169 1982-03-20 2 THE US dollar in Hongkong yesterday recovered to its initial high of 243.55/65 yen, after easing to 242.80/95 in the morning which dealers in Hongkong believed followed intervention by the Rank of Japan in Tokyo to support the yen. The dollar rose on commercial buying ahead of the long169 words
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Article83 1982-03-20 2 THE dollar in London yesterday held Arm against most European currencies in active early dealings as the implications of diverging US and European interest rates sank in, dealers said. Sterling shared the dollar's strength, while the French franc and other weak European Monetary System currencies came under further pressure.83 words
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Article183 1982-03-20 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Mar 19: US Dala»<8Mt> Offer BU 7 day* 154* 15* 1 month ISM ISM 2 months 15* 1SH 3 month* 15* 15* 0 months 15* 1SH months 15 3/16 IS 1/16 12 months 15 3/16 IS 1/16 Dm. twin.183 words
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Article43 1982-03-20 2 RANGE of price* uflBed by dUcomt I— on Mat 19: Overnight: IK Ckll deports: 1% q—^ B«rix 8.U1M 3-month Treasury Mils 3* 3 3-month Bulk bills 8* 8* 3 months CD IH 8H fl months CD 8H 8H Source: National Discount Co43 words
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Article50 1982-03-20 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 22 to Mar 26: Offend: $140,000,000 Applied tar: 1153,000,000. Allotted: $140,000,000. Accepted Mis: 199.22 approximately 90 per cent higher bids in full. Avenge rate d daeaut aa allifrat 3.120 per cent per annum.50 words
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Page 2 Advertisements
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Advertisement249 1982-03-20 2 Confucian values fix modern Singapore CONFUCIUS THE ANALECTS Edited by D.C. Lau As a thinker, Confucius held up an ideal for all men to perfect one's own moral character. For this he held out no hope of reward either in this life or the next: the benefit lies in doing249 words
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TRADE AND INDUSTRY
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320 1982-03-20 3 ONE of France's largest software companies has picked Singapore as the base for launching its activities in the Far East. Societe Generale de Service et de Gestion (SG2) has set up a regional office, SG2 Far East. It has also gone into partnership with320 words
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420 1982-03-20 3 LIM SOON NEO - By LIM SOON NEO A DECADE after its creation, the National Productivity Board is set to implement measures on productivity with a greater national impact. Speaking at the NPB annual dinner last night, Dr Wong Kwei Chong, Minister of State (Labour) and420 words
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Article212 1982-03-20 3 HUNTER Douglas Singapore is spending $2.5 million on a new building and plant to increase its production of aluminium building products. The company has acquired 9,290 square metres of land from the Jurong Town Corporation. Half of the area is taken up by the new office212 words
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292 1982-03-20 3 SINGAPORE is the third biggest consumer of Wedgwood tableware products in Asia, after Japan and Hongkong. The Republic accounts for 10 per cent of the total Wedgwood sales in Asia, but this figure is likely to go up soon. Company officials declined292 words
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Article202 1982-03-20 3 THE ninth and final trade union to emerge from the restructuring of the Singapore Industrial Labour Organisation and the Pioneer Industries Employees Union will be formed shortly. But the Secretary-General of the National Trades Union Congress, Mr Lim Chee Onn, said this would not bring to202 words
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Article449 1982-03-20 3 SEMINARB AND COURSES March 1-May 6: Certificate in Computer Programming Part I COBOL Programming, NPB, NPB March 20: The Secretary in Management Today, SIM Conference Room, SIM March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS March 9-April 1: Microprocessor Module n449 words
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Article, Illustration205 1982-03-20 3 SUN Hung Kai Securities Ltd of Hongkong has appointed Mr Albert KT Cku to its board of directors. Prior to Joining Sun Hung Kai, he worked for a leading accounting firm. He is currently based in Singapore in charge of the group's South-east Asian operation to provide205 words
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401 1982-03-20 3 WONG SOUK YEE - By WONG SOUK YEE NGEE Ann Polytechnic will set up another department, tentatively to be called the institute of computer studies, under its five-year expansion project. Minister of State for Education Dr Tay Eng Soon said this yesterday when he officiated401 words
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Page 3 Advertisements
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Advertisement609 1982-03-20 3 CC G C t-H +-> CQ c CD c < <u a 03 00 a> c ffi 03 b£ C 03 x: 00 csf oo 05 o s-» 03 <r> cnj *3 OJ csj o c CD .CD i O o THE CONFERENCE In 1979, the Times Organisation organised Singapore's609 words
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OVERSEAS
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304 1982-03-20 4 UPI COMING off a year of crippling revenue losses and faced with a bleak prospect for the immediate future, Texas Instruments is laying off 2,700 employees, or about 3 percent of its workforce. Spokesman Dick Purdue said the layoffs idled 750 workers inUPI - 304 words
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304 1982-03-20 4 UPI UNITED Auto Workers (UAW) and General Motors bargainers, still hopeful of meeting an informal weekend deadline, have reached agreement on a small portion of a proposed US$3 billion concessionary pact, but have indicated that much work remains on the total package. UAWUPI - 304 words
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637 1982-03-20 4 UPI THE US balance of payments showed a US$B5 million deficit for the fourth quarter of last year, but a $6.6 billion surplus for all of 1981. It was the first quarterly deficit since the $500 million deficit from April through June 1980.UPI - 637 words
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333 1982-03-20 4 Reuter. THE chairman of the Senate armed services committee said US troop strength and commitments overseas would have to be reduced if Congress cut President Reagan's ambitious military budget. Republican John Tower also said on Thursday the American public would notReuter. - 333 words
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261 1982-03-20 4 Reuter PRESIDENT Beagaa, realatlag «mwlwJ pre» aare toe akafae to kto eeaumk ptoa, hM limtatontlea pedetea kad kraagkt atgaa «I a reetwry tram toe earreat ttento. Mr Rm|m drew ittfttw to a decttoe to toflattaa ato aa tocreaee la capital aaviap reealttag tram teeame toxReuter - 261 words
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633 1982-03-20 4 NYT KING Hussein of Jordan said that dangerous rifts between Arab nations, as well as the continued Israeli occupation of the West Bank, were bringing the Middle East to the brink of war. "We are passing through one of the most criticalNYT - 633 words
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305 1982-03-20 4 Reuter THE European Economic Community Commission has approved a US$47O million aid package for the lossmaking Belgian steel giant Cockerill-Sambre. But the Commission is sticking to its earlier decision to reject the company's overall modernisation plan. That has prompted a strike, now inReuter - 305 words
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287 1982-03-20 4 AP MARTIAL law authorities in Poland have uncovered a militant opposition movement called the "armed forces of underground Poland." The hardline army newspaper Zolnierz Walnasci said some of the nine suspects arrested in the fatal shooting of a policeman last month in Warsaw are believedAP - 287 words
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Article138 1982-03-20 4 A SENIOR Iraqi official said it would take at least five years after the IraqIran war ended to repair oil facilities damaged in Iranian air raids. Deputy Oil Minister Abdul Monem Samourai was quoted on Thursday as having said that there was a lot138 words
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Article774 1982-03-20 4 ARRIVALS Service Local Operator Number Tine From AI AI41I 0006 SYD/PER SLA SQ11 0025 LAX/TYO PAA PA005 0220 NYC/SPO/ AHA/HKG CAL C1333 0220 TPE/HKG Cargolux CV796 MAS MH601 0415 0700 LUX/DXB KUL SLA SQ10L 0645 KUL MAS MH8U 0845 PEN MAS MH671 0915 KUL RBA BI42I 0955774 words
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340 1982-03-20 5 AP TRANSFER of US technology to Japan in military coproduction arrangements is helping Japan to develop a civil aircraft industry that eventually could challenge America's domination of the field. The US General Accounting Office said on Thursday in a report requested by theAP - 340 words
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WORLD IN BRIEF
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Article486 1982-03-20 5 Agencies THE Japanese petrochemical industry will soon file a complaint with the Japanese Finance Ministry alleging that two American chemical products are being sold in Japan at unfairly low prices. The decision to file the complaint against the two products, ethylene glycol and styrene monomer, came after theAgencies - 486 words
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Article, Illustration402 1982-03-20 5 ARRIVALS KEPPEL WHARVES Aki Maru (0600 Subject freeboard) 19 Barber Thermopylae (1800 after Willine Toyo) 47 Feleac (after Manoloeverett) 33/34 Jenson (0700 after Straits Hope) 21 EAST Kim Soon Li (0700) 22 Mock San (after Kobeng) 29/30 Nedlloyd Hobart (after Nedlloyd Nagoya) 3/4 New Pony (after Ho402 words
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273 1982-03-20 5 Reuter I TAIWAN will switch to purchasing some machinery t from Eastern Europe rather than Japan, Economic Minister William YT Chao said. In the legislative Yuan (Parliament) on Wednesday, Chao said his ministry has approved applications by Taiwanese importers to import machinery from theReuter - 273 words
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598 1982-03-20 5 Reuter WEST Germany, Switzerland and the Netherlands have cut their interest rates in coordinated central bank action to lower the cost of borrowing and to try ease the pressure on the French and Belgian francs. By contast, French interest rates soared as authorities soughtReuter - 598 words
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357 1982-03-20 5 Reuter SOVIET meat production has fallen to its lowest February level for three years and Western agricultural experts have put the blame on a fodder shortage, due largely to three successive poor grain harvests. Many parts of the Soviet Union are already experiencingReuter - 357 words
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224 1982-03-20 5 UPI A BOYCOTT of Nestle products will continue until the world's largest seller of infant formula to Third World nations shows that it is abiding by World Health Organisation guidelines. Douglas Johnson, chairman of the Infant Formula Action Coalition, said in Washington onUPI - 224 words
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Article76 1982-03-20 5 AFP LITTLE progress was made towards bringing the European Economic Community into the Internationa] Sugar Agreement during talks in London on Thursday. International Sugar Organisation (ISO) sources said, however, that EEC members showed a "more cooperative spirit" and that there was a "good exchange" ofAFP - 76 words
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97 1982-03-20 5 Reuter THE LONGER leading Index d UK ecMcmle Activity rase to 115.2 in February (base 1175) tram 113.7 In Jaaaary, can tinning its Strang rise tram October alter Its sharp decline In May, the British Central Statistical Office (CSO) said an Thursday. The Indicator, which IsReuter - 97 words
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Article249 1982-03-20 5 Reuter MEXICO has announced a 36 per cent increase in its probable oil reserves but said proven reserves remained at 72 billion barrels. Mr Julio Moctezuma Cid, head erf the state oil company Pemex, said probable hydrocarbon reserves now stood at 80 billion barrelsReuter - 249 words
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177 1982-03-20 5 UPI THE Philippine government has cancelled the export licence and quota of a garment firm owned by Hongkong British National accused of diverting tax-free imported fabrics to the local market. Press reports in Manila on Thursday quoted the trade and industry minister Roberto OngpinUPI - 177 words
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167 1982-03-20 5 UPI TRADING in soybean and gold futures will begin on April 19 in London. Twice over the past 15 years, attempts have been made to start a futures market in the übiquitous soybean, used in everything from floor covering to biscuits. The market willUPI - 167 words
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Page 4 Advertisements
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Advertisement316 1982-03-20 4 it s the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's no better tool for improving school grades and assuring future achievement316 words
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Page 5 Advertisements
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Advertisement530 1982-03-20 5 Leader...page C II you fought in it lived through n-or lust wonder what it was really like... MM EXPLORE THE MOST COMPREHENSIVE STORY OF NOW FROM m N-. A V* i OVER 4J)00 Many never before published! Relive the War years through historic frontline battle photographs behind-the-scenes insights declassified files530 words
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Article429 1982-03-20 6 IN AN INTERDEPENDENT world, some countries are more interdependent than others. European countries have never quite become used to this, and waste a great deal of time and effort as a result. The trilateral action by West Germany, Switzerland, and the Netherlands to lower interest rates429 words
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223 1982-03-20 6 THERE SEEMS to be a lot of china in Asia nowadays, and Singapore is no exception. Companies like Wedgwood have, after two centuries, convinced Asians that fine crockery is all part of gracious living. Japanese producers of ceramic pieces have reinforced the idea by223 words
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Article, Illustration1580 1982-03-20 6 GUY DE JONQUIERES - By GUY DE JONQUIERES FT AT NIPPON Electric's main microchip plant in Kumamoto, southern Japan, absenteeism is rarely a problem. The company has seen to this by erecting a large dormitory on site. The women workers who live there have to walk only a few yards toFT - 1,580 words
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715 1982-03-20 6 PETER BARNARD - FORUM with PETER BARNARD IN SOME previous journalistic incarnation, I was required to write about sport. It struck me even then as a ridiculous occupation, especially when it involved attending soccer matches at which people who had paid to get in would ask715 words
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Page 6 Miscellaneous
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Miscellaneous658 1982-03-20 6 TWO-IM-ORE CROSSWORD CRYPTIC PUZZLE ACROSS 4 How we sing when working (6) 7 Possible reaction to the very start (8) 8 Like a bomb! (6) 10 More fond, we hear, of Jane (5) 13 Poke softly with a stick (4) 14 The end of a strange feat (4) 15 The658 words
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Miscellaneous802 1982-03-20 6 TV&RADIO Revolt within the continent EUROPE weat thraagh a tamaltaaas ported la the late IN* aad early 1171s aad the eveats which made headllaes thea are dlseassed ta taalght's last eptoaie «f Tie Mlgkty Cmttmemt (Ch 8 5.19pm). Ea titled A Emnpemm Mea, the pragramme la aarrated by aetar Peter802 words
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Article, Illustration800 1982-03-20 7 JOHN BARRETT - By JOHN BARRETT THE LATEST demands by the Association of Tennis Professionals, which amount to a takeover bid for the men's professional game, cast a shadow over Wimbledon and other major tournaments. For example, if Wimbledon were to accede to the demands, it would, on last800 words
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Article, Illustration1379 1982-03-20 7 ANTONY THORNCROFT - ANTONY THORNCROFT goes backstage and finds that the impressarios are in good heart. ANTONY THORNCROFT A RECESSION and the coldest winter for years; a sharp fall in tourists and a West End increasingly blighted by sex shops and vagrants; a dozen theatres up for sale or in the1,379 words
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Page 7 Advertisements
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Advertisement211 1982-03-20 7 The Straits Times Directory. The product and service directory that pops up with all the answers -fW 1 <>Jtf X ***:L,,arr* 1 a* M** 1 v**"* w ~tj» a**" w*t I*,'**" MB?* c 4* It s* > i ft *i >>v ■V w sSasO'* •tfL'V' -4, Packed from cover to211 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article175 1982-03-20 8 MAR It PU ABM 277 00 2 Ahold TOO 1J Akso XJO ♦0.4 AMEV 78. ao -0.6 Am fat 10 JO -0J Amrobnfc 40.00 toj Berfoes fterfc 23.00 -0 3 S0J0 lU BoriumiJ 83.00 0 4 Burhmann 38.00 0 Cilind 31 80 ♦O.\t Cab* Dtlfl 208.00 2.4 Dell Mlj175 words
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Article274 1982-03-20 8 MAR 1* Ifrt COBBIIL LK Air-Liquid# .8 8 N OwnU DWMMM C- 8 F (ThomsonC le FTUCIIM etea Pctrole* iSO 1330 nauo ♦3 >13 -U 11> .1 Ccmptinlt r lnimcter* Co mpacnlc 0»n«rmJ« Crt-dlt Foncler Di! Franc* 5 12 SO 2 HaelMtt* (Llbralrt*) Machine* Bull UK h*lln (B) 4C6274 words
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Article198 1982-03-20 8 MAR It Dm Aef-Telcfunken 4190 -0J Akao 25.60 Alls Ulan laoooo 30 All* Van 4MJ0 -1 BASF Bay H T Whank Bay Vbank 13X40 DUO 386 50 -0J OLJ -1.1 n«f' ***** BBC ***** "♦SJT ■WW tuoo -IS OuwUk asLoo -0.1 Cham Varw ComiMrabaiik Conti Oumml Uaimltr-Btni Hifiim *****198 words
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Article95 1982-03-20 8 MAR 16 rrs ♦A FORWARD MARKET Acec SM unch Arbed 1906 >46 Astur Bructn 425 882 16 -10 Bru-Lamb 1900 unch Canpac 1214 12 186 3 De Beers 227 1? KhM 1900 50 Electrobel Ob-Inno-Bm fw» 4210 2300 1730 140 -20 unch Hobo* 2970 66 Petro 4360 •10 Rjrl95 words
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Article148 1982-03-20 8 MAR M Prates Actions Suisse* 234 .1 Alnwil— Br Alimiii RH Brown Bovan Br CUM Oalo Br Clba Oeig7 PC MB >01 flO ISO too -5 1 -10 -5 unch Clba Oelgj Dm Cradlt Suisse Br Cradlt Suisse Rag Dsktrowmtl Br. 963 unch 1715 330 ISO -75 Oaorge rise148 words
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Article83 1982-03-20 8 MAR If Lire 235 0 73 Bel Ctnmk Ord Corvd Acqua Roma Endanla ***** SOD niao ***** 130 130 5-5 130 rut Ord r *31 Ocnwmll ntm in Prt» 1M0 1360 330S 4190 •8 143 IBM ItAlccmenu Ord lUlau SIM am lQfii 136 350 18 MOO *1300 ***** 867083 words
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Article174 1982-03-20 8 MAR 11 3 AblUbl It* unch AlCftn n* AJfoma w But Mont 21% unch Bulk Not* Scotia B Ball T«l 11 t» B»th Corp BP Can Ltd BnacAn E> i H 1SH Ik I'ii 1JH am Cuinw «m H SggjjgjS 6S unch €7H 2 *"i «iiiW^S55S 15* H H174 words
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Article260 1982-03-20 8 INDUSTKI A Alph* AL8 3M> Abarcom AC And CI an ■ns -S AMIC Bartow* BOD HO unch S a.*-" 1STSB 6t0 unch Currta Plnanca Dt Baare Ind no -1 Ed con Edc&rt 1400B unch rm—JT Pad Vou SO ru»n Oardlan Olanani Octuma Hippo 230 unch 1090 unch HI~W1 jn260 words
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Page 8 Advertisements
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Advertisement222 1982-03-20 8 here to wine, dine and entertain Don't leave home without it. To apply for the American Express Card Ca11:*****33 Ideal for picnics cflkxkmches A padpd mealfor §QoS®aitte DotpfpnSnadiShop All served with pickle and plain rice Delicious Nonya Packs available 7 days a week from 11 am to 2 pm. Orders222 words
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Advertisement95 1982-03-20 8 MPMCSE RtSTWIUin L. For sushi. For teppanyaki. For other authentically Japanese delights. !'l ■»< I m M, >/»« .J.'r;.., r: >"/> or wscwutit >ns call 7'l7'H)/ 7' C I'j I I'U 14 lit >11 I |«»-J >« A k f A L'S NUTMEGS offers JAZZ BRUNCH onSundays 10.30 a.m. 395 words
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Advertisement163 1982-03-20 8 See Page 9 for New York prices and Page 11 for Asian stocks o TIVE < )NTI\I:\ is R I SIM KAN! Before vou fly away to foreign lands, check-in your bags then seek out theFive Continents Restaurant. Relax in intimate surroundings and wine and dine on the mosr superb163 words
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Advertisement158 1982-03-20 8 When you dine, dine Cantonese. A I o o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for158 words
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Advertisement138 1982-03-20 8 £0 V' itMr Crab, Mr Lobster A Mist Fish have moved to our new and convenient location at Lower Ground Floor (Penang Road) with effect from Ist March 1982. A tasty new menu: and comfortable new surroundings and of course, the usual pampering service, awaits you. Siamese Seafood Restaurant Cockpit138 words
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RAW MATERIALS
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Article785 1982-03-20 9 COFFEE: Robusta coffee futures yesterday closed easier at midday in fairly active trading £43 to £4 a tonne down on Thursday's close in traded positions. Dealers said initial speculative long liquidation in line with Thursday's sharply lower New York close caused the bulk of the losses but there785 words
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Article145 1982-03-20 9 THE Kuala Lumpur crude palm oil market yesterday closed higher on light covering ahead of the weekend, dealers said. In March, south rose M 52.50 to 1935 a tonne and central gained $1 to $925. In April south firmed $7.50 to $935 and central traded up to $925,145 words
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Article1237 1982-03-20 9 NEW YORK STOCKS THE New York market staged a healthy rally on Thursday for the first time in a week, with leadership coming from blue chips and the severaly depressed technology stocks. The Dow Jones industrial average closed up about 9% points, its largest gain this month,1,237 words
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Article225 1982-03-20 9 RUBBER prices in Singapore yesterday closed slightly higher with April One RSS buyers quoted at 183.50 cents per Idlo, up 0.75 cents from Thursday's close, dealers said. Morning prices were marked up slightly on covering interest and upcountry buying after an easier opening, they said. Afternoonn prices gained further225 words
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Article314 1982-03-20 9 R AS prices In cenu per kilo yesterday: Buyer Int. 1 R.S.S. prompt f.o.b. 182.00 Int. 1 R.S.S ApnJ 183 00 Int. 1 R.S.S May 186 00 Int. 2 R.S.S. 101.90 UK/Coot 108.30 Int. 8 R.S.S. 184.30 UK/Coot 163 50 Int. 4 RS.S 132 50 UK/Ooat. 131.50 Int.314 words
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Article102 1982-03-20 9 NOON SSI t and SMR prica nHilU]r BAB April (Carnal Mtk) (FarwarJ Bay on h 188.00 1*100 Mtk) SSKSO S8R50 (l toa pallot) (1-toa palkt) Bay ar* 8*1 186.00 10.00 llaro utoon 164 00N iBaro 1W.OON 184 00N MRELB April May SMRCV SMR L SMRS SMR CP102 words
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Article207 1982-03-20 9 WHEAT futures in Chicago on Thursday closed Vi to 2 US cents per bushel higher after trading in a narrow range in light trade. A steady tone in the cash market on trade talk that the large hard wheat premium will shift export buying interest to soft underpinned futures207 words
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Article196 1982-03-20 9 SOYBEAN futures in Chicago on Thursday closed up 3 V* to five US cents per bushel after trading in a narrow range on light volume. The smaller than erpected country movement reported overnight remained slow during the session, limited hedge selling and allowed modest wire house and exporter buying196 words
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Article69 1982-03-20 9 THE STRAITS til price la Pnug yesterday held steady at MSMM a Idle, within the ITA lower sector of $21.15 aad $».N. They reported active haffer stack sappart far the market which took a ma jar share ef the sappty together with light Interest (ram other sectors. Turnover69 words
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Article32 1982-03-20 9 Rubber: Mar 10 Singapore: April; 183.50 cents (up 0.75 cent) Malaysia: April: 204.50 cents (up 0.50 cent) Tin: M 530.36 per kilo (unchanged) Official offering: 263 tonnes (ap seven tonnes)32 words
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Article86 1982-03-20 9 THE Malaysian Minister of Finance has fixed these rates for the period from Mar 18 until further notice: Bakber: 201 7 /i cents a kilo for RSS One; Cm: M 5476.67 a tonne; Palm kernel: $965.75 a tonne; White pepper: $3,270.67 a tonne; Black pepper: $2,346.67 a86 words
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Article165 1982-03-20 9 CHINESE Priirn Exchange, Chi lit Ml: Balk fob $86.00 sellers, old drum (In second hand dram) fob $108.00 sellers, new dram fob $112.00 sellers. Cspra: Mixed (loose) $45.00 buyers. Popper: Muntok white pepper fob Aste NLW $372 50 sellers, Sarawak white pepper faq fob NLW $367.50 sellers. Sarawak165 words
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Article197 1982-03-20 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Csttsn yarn: China Blue Phoenix 20a 2,410; 3k 3,100, 40s 3,200 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly197 words
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Article316 1982-03-20 9 SINGAPORE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.30, 100 per cent second class 1.02, 100 per cent third class 1.00, 25 per cent new crop no stock, B-10 per cent no stock. THAI BROKEN: A-super 0.70. Special316 words
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553 1982-03-20 9 ASEAN officials do not feel that anything will come out of the "special consultations" the US has proposed to hold with Asean countries regarding the present world tin situation, in particular the GSA stockpile releases in the work! market. The willingness to553 words
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Article379 1982-03-20 9 Reuter ASEAN TIN producing countries will circulate their common stand to all major producer* for a possible discussion in Nigeria before the expiry of the fifth International Tin Agreement (ITA) on June 30. This fourth producers' conference, scheduled for September, may be in late June. The AseanReuter - 379 words
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193 1982-03-20 9 THIN and quiet trading conditions were experienced as current One RSS hovered above the 182 cents (S) all week. Hie main feature was the absence throughout of the Inro buyer due to the average price factor, Holiday, Cutler, Balk aad Company said in its193 words
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Page 9 Advertisements
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Advertisement116 1982-03-20 9 3 Anthony Chandor JJ: 7 he Penguin Dictionary of MKROPROCESSORS ••H •VV. ®p3F New words and phrases have already been contributed to the language by the traditional computer industry Bug, Bootstrap and Deadly Embrace for example have long been in Anthony Chandor's Penguin Dictionary of Computers. But the new context116 words
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1527 1982-03-20 10 BID and offer prices officially U*ted and hiisintss in and reposed to the Stock Exchange <* Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. SECTION ONI INDUSTRIAL COMMERCIAL Aem a (152B)1,527 words
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Article183 1982-03-20 10 HOiWM UNIT mi n DIAMOND MOT 8TOBC (Managers' prices fer Marc* 99 Tit Octiiw it 2 85 The Savlofi Find 1(1 S'pore Prog Fund 1.23 S'pore Sec Fund 1 91 S pore Invest Fund 1(0 S pore Equity Fund 1.1S 3 00 latzd 1.29 2 01 101 1.25183 words
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Article2873 1982-03-20 10 1 Ml/1 MS Hick Low Com pa ay Last Sale +orGr*s Div Div Crr Gr'. YTd Net P/E Vol (•000) Day. High Low SBCTION ONE INDUSTRIAL ft COMMERCIAL 404 115 300 312 420 200 470 532" 075 430 247 A cm* 115 Aleom 130 Allied Choc ISO2,873 words
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Article1586 1982-03-20 10 BID and offer prices officially A listed and business in and reported to the Kuala Lumpur t Stock Exchange yesterday, l with the number of shares 8 traded shown in brackets in Jj lots of 1,000 units, unless other- wise specified. LMMJBTBIAIJ» ijainn (IJ4S) 4lew (1.235) (2)1,586 words
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Article220 1982-03-20 10 SENT06A Plywaad Berfcad: EGM to be held at 4th Mile. Jalan Mersing, Kulang, Hohorem Malaysia, on March 21 at 12.30 pm. BUKIT Katll Ratter Batatas Berkad: EGM to be held at No 22 (Upper floor of No 20), Jalan Gelanggang, Malacca on March 22 at noon. VAN Der220 words
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Article760 1982-03-20 10 SHAKE prim eeattaaed to held Ann tor tke feartk ewaeeatlve day at the Slagapere atoek market ywterda> despite totermltteat profit toktog. Tke drat kalf kear af tradtog «aa fairly atraag witk a aamker a# eeaatera rtateg ky akaat 26 eeata. Thereafter tke kaytog aappert eaaed760 words
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Article600 1982-03-20 10 SUSTAINED interest on the Kuala Lumpur stock market took the recovery a step further yesterday to close with widespread gains. Total turnover was also markedly increased along with the all-round support that was generally believed to have come partly from short-covering activities by operators. Yesterday's trading600 words
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COMPANY NEWS
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456 1982-03-20 11 OLYMPIA Plywood and Timber Products Bhd is expected to report another loss for the current year ending October 31,1982. The company suffered a loss of Ms 2 million for the year just ended, and "no change in profitability" is expected this year, the456 words
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524 1982-03-20 11 AMERICAN banks once again dominated the Asian loan syndications market last year, accounting for U5526.7 billion or 38.1 per cent of the empirical aggregate of $70 billion. In an annual ranking of the world's top 30 lenders in the Asia-Pacific, conducted by524 words
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In Hongkong...
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Article112 1982-03-20 11 consoli- dated net 1981 profit after deducting extraordinary items was HK560.67 million ($43.41 million). Its consolidated operating profit, after tax but before extraordinary items was $70.80 million ($4l million). Final dividend of 10 cents will be paid, making a total for the year of 13V* cents112 words
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Article85 1982-03-20 11 group net profit was HK577.09 million for the year ended Dec 31, 1981, ($42 million for the nine months ended Dec 31,1980). Extraordinary profit amounted to $5.26 million (nil). The company has declared a final dividend for "A" shares of 51 cents (28 cents) making a85 words
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Article162 1982-03-20 11 GEORGE Kent (Malaysia) Bhd ku redaeed Its baldlags la aae ef Its sabridlark», Pakar Salaa Bda Bhd. The redaetlea fellews the lane of aew shares a( Pakar la baaalpatras, which resalted la aa laereaae la Pakar's pald-ap eaplial fram M$fMM ta fMfIM. Ceaseqaeatly Geerge162 words
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1649 1982-03-20 11 AMID the gloomy performances turned in by most of the industrial and commodity-basedcompa-nies, the financial sector appears to have done comparatively well. This second preliminary Malaysian Business Times study of five companies with year-end between January «id June 1981 listed on the financial board1,649 words
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ASIAN STOCKS
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Article288 1982-03-20 11 A STRONG oil flow from the South Australian Cooper Basin revived interest in resource issues, particularly oils, which led the Sydney market upward yesterday. The All-Ordinaries index was 5.9 points higher at 472.2, industrials rose 4.3 points to 623.1, the resource sector 7.2 to 349.6 and288 words
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Article495 1982-03-20 11 SHARE prices in Tokyo yesterday closed narrowly mixed in moderate trading, with an uncertain sentiment prevailing after Thursday's sharp recovery and affected by the yen weakness against the dollar, dealers said. The market average added 12.58 to close at 7,065.38, but the Tokyo stock market average495 words
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Article101 1982-03-20 11 SHARE prices In Bangkok yesterday closed either unchanged or lower in weak trading, dealers said. The Thai Book Club index dropped 0.20 to 91.49 on a turnover of 3.5 million baht. MAR 1* AJI* Flbr* BahU A yGd > T?u»t" *»■*> unci Bangkok Bulk 301 unch Bank Of Ayudhaya101 words
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Article130 1982-03-20 11 CO M M E RC lAL/industrial stocks continued to decline in Manila yesterday and oils firmed as well mining, dealers said. Turnover was down to 853,000 pesos from Thursday's 1.1 million. Benguet Con "B" gained 50 cents to 29. MAR 1* AcoJ* limine Pmoi MM unch AUu Con. A130 words
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Article299 1982-03-20 11 HONGKONG STOCKS IN Hongkong yesterday closed higher continuing their rise for the fourth consecutive day, in active trading with fresh buying as well as short-covering seen, brokers said. They noted bargain-hunting emerged as most shares seem undervalued. Also, lower US interest rates signalled by the dip in299 words
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Article805 1982-03-20 11 LONDON, Thurs. The market closed firm In moderately active trading. The Financial Times Index was up 5.4 points at 566.8. The firmer trend was in reaction to weakness yesterday and was buoyed by cuts In Interest rates by some European central banks and easing Eurodollar rates. Most leaders805 words
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Page 11 Advertisements
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Advertisement189 1982-03-20 11 Guide to MUSICAL Appreciation 55ch*^ St* 1 M l *Mc ■^<in rJI <n -v V i V ORCHESTRA Andre Previn sets out in this book to reveal the players on the platform, those anonymous men and women whose dedication and talent alone make the performance of great orchestra music possible.189 words
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Chief Price Changes
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Article140 1982-03-20 12 Rises Indices H Leong Credit DBS 530 760 30 25 BT Indicator: Mar 18 *****9 Mar 19 *****4 H Leong Fin 755 20 Industrials: 707.17 711.39 Ipoh Garden 241 18 Finance: 1610.08 1621.79 Spore Land 720 15 Hotels: 1081.51 1085.27 OUB PMC Paa-El 515 326 295 15 12 11140 words
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Article, Illustration123 1982-03-20 12 Rises Indices National Iron 610 25 Mar 18 Mar 19 Ipoh Garden 264 21 BT Index: *****0 *****4 Berjuntai 700 20 Industrials: 845.24 849.43 Haw Par 310 18 Finance: 1445.57 1447.63 U Cables 304 15 Hotels: 606.96 607.56 FAN 640 15 Properties: 784.33 785.36 BAT 300 +11 Tins:123 words
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Article48 1982-03-20 12 FINANCIAL TIMES Friday 1207.21 INDUSTRIALS Thursday 1188.29 Thursday 558.8 Wednesday 551.4 Week Ago 1190.90 AUSTRALIAN Week Ago 587.9 INDUSTRIALS DOW JONES AVERAGE Friday 823.1 INDUSTRIALS Thursday 819.0 Week Ago 813.3 Thursday 805,27 Wednesday 795.85 ALL ORDINARIES Week Ago 805.56 H.K.HANG SENG Thursday 488.3 Week Ago 462.048 words
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261 1982-03-20 12 MERCHANT haak Bartag I Bratkers Aria Ltd ku reparted a daabllag af Ita pretax praflt to USfI.K mllllea la tke year eaded last December, fr*m Its aperatleas la Slngapare and Heagkeag. Accardlag to Its Blagapere director, Mr Nigel Melville, wke will ke leavlag kls pest261 words
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546 1982-03-20 12 CHOO AI LENG - mm Companies Editor: Mano Sabnani I By CHOO AI LENG MR ONG Chay Tong, chairman of Hwa Hong Manufacturing Company, yesterday announced his intention to launch a takeover bid for the company at $2.20 per share. The offer is to be extended by546 words
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429 1982-03-20 12 ASSOCIATED Pan-Malay-sia Cement (APMC) has embarked on a MJISO million programme to upgrade its second cement plant in Kanthan, Perak. This comes soon after the recent completion of a major modernisation and expansion of its Rawang plant in Selangor. According to APMC's group429 words
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Article85 1982-03-20 12 SHARES sf City Devetsp» JWM t~ f J 1 Ns retflw wii gtvea by It* wtyrite «Wmi, M«r> gaa Gresfell (Aria), whs reiihalf tbliT'aggraLtve srsperty n «f the Bug Ltsaggrsap. wss iln m meat «mM be expected. Market wstehers were eMgbt by vprin ever the Mpwha85 words
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199 1982-03-20 12 SINGAPORE Land has provided details of the basis of allotment for the excess applications by shareholders of the company for its issue of $100 million loan stock with Transferable Subscription Rights. The company said $85.5 million nominal of loan stock has been allotted199 words
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560 1982-03-20 12 THE current bearish stock market in Singapore is nearing its bottom and is expected to turn around 1 within the next three to six months, i This bullish view was put forward by Mr Jan Kingzett, investment manager with the Singapore International560 words
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Page 12 Advertisements
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Advertisement674 1982-03-20 12 SINGAPORE LAND LIMITED HSi (Incorporated in the Republic of Singapore) ANNOUNCEMENT Following the announcement of 16th March 1982, the Board of Singapore Land Limited are pleased to announce the details of the basis of allotment for the excess applications by shareholders of the Company for the issue of $100 million674 words
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Advertisement295 1982-03-20 12 Worldwide management experience at your fingertips. v\ World Executive's I Digest Styles of Managing I. Five Basic Styles and their Uses Michigan Business 11. Matching Styles to Situation "Situation Management" 111. The People Interface "Techniques of Leadership IV. Can a Leopard Change His Spots? ."Managing with Style" Golf: a Love-Hate295 words
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Page 12 Miscellaneous
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Miscellaneous47 1982-03-20 12 OUTLOOK for Singapore today: Thundery showers in the late afternoon. 1. Maximum temperature ri n Associated humidity 68 Minimum temperature 04 o Associated humidity qs Hours of sunshine A Rainfall in mimmetres.....'.'.*.*.'.".'.'.' n« Total rainfall for the month 107 7 Total rainy days for the month q47 words
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