The Business Times, 8 May 1982
1982-05-08
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The Business Times
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Title Section10 1982-05-08 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MAY 8,1K2 60 CENTS10 words
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314 1982-05-08 1 LOH HUI YIN - By LOH HUI YIN A $TO-MILLION investment by Mobil to conserve energy at its refinery will yield savings of $18 million or 290,000 barrels of fuel oil annually. A Mobil spokesman said the investment, spread over the next three years, is in line with314 words
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Article243 1982-05-08 1 Agencies SIGNS of an oil price recovery are beginning to emerge following a sharp fall in recent months caused by the world oil glut. This is the view of producers, consumers and oil companies as prices on the spot market firmed over the pastAgencies - 243 words
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360 1982-05-08 1 LEE YEW MENG - By LEE YEW MENG THE developer of the proposed 81storey hotel in Marina Centre has been asked to reduce its height to 63 storeys because of interference with aircraft traffic lanes. This height reduction was confirmed by a spokesman of the Urban Redevelopment Authority360 words
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389 1982-05-08 1 LIM SOON NEO - By LIM SOON NEO SINGAPORE Automotive Engineering (Pte) Ltd, the biggest vehicle servicing and repair company here, is investing several million dollars in a warehouse and warehousing equipment. Mr Ngo Chung Min, the deputy general manager, said the company is now scouting around (or a389 words
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146 1982-05-08 1 AP UNEMPLOYMENT in the United States jumped to 9.4 per cent last month the highest rate in more than four decades the US government announced yesterday. Some 10.3 million people were out of work. April's jobless rate was up 0.4 of aAP - 146 words
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Article, Illustration317 1982-05-08 1 RICHARD SEAH - •y RICHARD SEAH ANOTHER "great way to fly" will soon make its appearance in Singapore. Called Flyaway, this new form of entertainment will literally make a person float in air without having to put on wings or to be hung on wires. No magic is317 words
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BRIEFLY...
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Article66 1982-05-08 1 UPI LONDON, Frt. Britain said today it will recapture the Falkland Islands by force if necessary, but the government said it will continue seeking a negotiated settlement through the United Nations. "If Argentina rejects all peace proposals, Britain may still try to take the Falkland» by force, althoughUPI - 66 words
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Article68 1982-05-08 1 OVERSEAS Union Bank will raise its prime lending rate by a quarter percentage point to 10 per cent from May 10. This brings it in line with the other banks in the Big Four local hanking group United Overseas Bank, development Bank of Singapore and Over68 words
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Article92 1982-05-08 1 AFP MANILA, Fri. Caltex Philippines, which has gone into geothermal power exploration here, has indicated its willingness to invest up to US$29O million upon discovery of the viability of geothermal energy production. Its vice president Francis Ablan said his company has already allocated $700,000 in its initial explorationAFP - 92 words
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Article80 1982-05-08 1 UPI TOKYO, Fri. Reflecting a downturn in the national economy, Japan's new car registrations in April plunged 41 per cent from the previous month to 228,471 units. Trade figures released today also showed a 10.9 per cent decline from the comparable period a year ago. The Japan AutomobileUPI - 80 words
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Article80 1982-05-08 1 AFP CANBERRA, Fri. Australian politicians are so "handsomely" paid, they find it difficult to understand the problems of the nation's young unemployed. This candid admission was made by the Minister for Social Security, Senator Fred Chaney, who was replying to a question on how he would live onAFP - 80 words
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Article65 1982-05-08 1 KUALA LUMPUR, Fri. The Malaysian government will regulate the influx of foreign workers, particularly Indonesians. Deputy Prime Minister Datuk Musa Hitam, who is also Home Affairs Minister, said he would submit a report to the Cabinet on the employment of foreigners. He said it is possible the illegal65 words
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Article52 1982-05-08 1 CANBERRA, Fri. Australia's Prime Minister Malcolm Fraser today announced an extensive reshuffle of his government following the resignation last month of two ministers because of a scandal over a colour television. Mr Fraser's changes included bringing in two new men and creating ministries of civil aviation and of52 words
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240 1982-05-08 1 THE Btagapa rn itoek market ywtottoy ittgei a eplrttod weekead rally, partial Ike Stralta Timet taiialilil tode* to a laaMt <(tt gala tor the Oral time la weeke. Seatlmeat was baeyed by firm iTtrieai naarkHa, lapurtally New Yerk aai Heagkaag, bit leeal laveatora alee played240 words
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509 1982-05-08 1 BESS Rentals Sdn Bhd, the Malaysian holder of the US-based National Car Rental franchise, is looking for Singapore partners to operate its franchise here. This move is in line with the US principal's effort to expand in the Asian region. Besides Singapore, National Car Rental,509 words
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Page 1 Advertisements
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Advertisement229 1982-05-08 1 TTFTi Bookshops uGjaULSL TOTAL assets and profits at National Discount Company of Singapore soared sharply to new highs last year Page I NEC Computers has sold more than $10 million worth of microcomputers here and sales are expected to go up by at least 25 per cent annually Pag o229 words
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Advertisement85 1982-05-08 1 "Sweet Swinger" The MacGregor EYE-O-MATIC Classic. A classic wood with the famous siTaltov Eye-O-Mattc face Automatically points out the hitt*ig area to the sweet swinging type of happy players for deady accuracy! With further assurance of an easy swing from the added loft. The famous EyeOMatic classic Made from the85 words
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Advertisement110 1982-05-08 1 Sl\( \it >k fhJt month The fire business Focus on Japan Prefab housing Metal Box Cons. Plantation NEW WINE-ONTAP STAYS FRESIIER, LASTS LONGER FROM STANLEY LEASINGHAM. v \NU.\ I>|N 1 L HAN' >li\« One more golden reason to savour your favourite Riesling. The Stanley Leasingham Vintage Riesling in a new110 words
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BANKING AND FINANCE
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279 1982-05-08 2 LEE YOKE MENG - By LEE YOKE MENG TOTAL assets and profits at National Discount Company of Singapore soared sharply to new highs last year in line with the buoyant discount market ftere. Total current assets rose by a Strong 65 per cent to $411.6 million by279 words
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Article185 1982-05-08 2 YOSHIRO Araki, newly- elected president of the Federation of Bankers' Associations, said a mediumterm blueprint should be "drawn up for the liberalisation of interest rates in Japan over the next three to (ive years. n Araki. also president of 'the Fuji Bank Ltd, told185 words
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536 1982-05-08 2 Reuter THERE should be a further strengthening of demand for gold this year, while the supply of newlymined gold to the market is unlikely to increase, Gold Fields of South Africa Ltd chairman Robin Plumbridge said. He told an international mining conference the riseReuter - 536 words
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262 1982-05-08 2 FRENCH BANK, Credit da Nord, which ku set op its first Aslaa «(flee la Singspare, will Uke an active part ia syadlcattaa leaits aad the Aslaa dallar market. This was stated hy Mr Gerard Paid, the haak's depaty maaaglag director whe262 words
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Article53 1982-05-08 2 Reuter THE Bank of Tokyo has been named the lead bank for the Japanese portion of financing for a proposed bullet train between Los Angeles and San Diego. Lawrence Gilson, president of American High Speed Rail Corp, said the bank would provide US$5OO million in both debt andReuter - 53 words
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493 1982-05-08 2 ANGELINE TAN - By ANGELINE TAN BIS Banking Systems, a British computer software company, has opened a branch here to cater to the needs of the growing banking industry. It wants to tap the rich market provided by the many offshore and international banks that have operations493 words
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Article418 1982-05-08 2 Reuter POLAND will not be able to pay interest on its debts to Western banks this year if it is denied further credits for imports, a leading Polish banker said. Because its situation was more difficult than last year, Warsaw would seek easier terms in reschedulingReuter - 418 words
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436 1982-05-08 2 Reuter BANKS should develop better approaches to rescheduling the debts of countries in financial difficulties, according to a study by an international group of central and commercial bankers. The panel, set up by the Group of 30, which itself comprises senior public andReuter - 436 words
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Article132 1982-05-08 2 Reuter EXXON Corps planned offering of US$5OO million of guaranteed debt securities under the Securities and Exchange Commission's new shelf registration will be its only external financing in 1982, Jack Bennett, senior vice-president said. The 1500 million of debt is "the only central financing we have planned," heReuter - 132 words
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MONEY AND EXCHANGES
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Article503 1982-05-08 2 TRADING on the foreign exchange market yesterday was quite hectic with the US dollar weakening against most major currencies because of the anticipation of lower US money supply this week. Against the local currency, the US unit opened at 5J2.0805/15 and dropped to a low of Ss2.o7© before503 words
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Article147 1982-05-08 2 THE dollar for overnight delivery in Tokyo yesterday showed some resilience in the face of its recent losses to finish the day firmer at 232.75 yen, after opening at a 10-week low of 231.60, dealers said. This was above the 231.55 75 finish in New York overnight, but still147 words
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Article22 1982-05-08 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.40 per cent.22 words
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Article184 1982-05-08 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 7: U8 Doll*r»(8pot) Offer BU 1 days 15 5/18 15 3/16 1 month 14H 14* 2 months 14 11/1# 14 9/1® 3 months 14* 14* 6 months 141/16 14 5/16 0 months 14H 14* 12 months 14H 14*184 words
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Article46 1982-05-08 2 RANGE of prtc ■e» offered by di»count houaH on May 7: Overnight: 4* Call deposits 4* ClMtac Bayiag Selliaf 3-month Treasury bills 4 3H 3-month Bank bills 9 15/18 913/10 3 months CD 95/10 9 3/10 0 months CD 9H 9 Source: National Discount Co46 words
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Article50 1982-05-08 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 11 to May 14: Offered: 5150.000.000 Applied tar: $185,000,000. Allotted: $150,000,000. Accepted Mds: $99.02 approximately 81 per cent higher bids in full. Average rate of discount on allotment: 3.930 per cent per annum.50 words
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Article341 1982-05-08 2 SINGAPORE gold futures yesterday closed slightly firmer than overnight levels after fluctuating marginally in light trading, dealers said. Total sales for the day, including kerb volume, was recorded at 349 lots. Prompt closed slightly higher at U*****.00/338.50 an ounce compared with 336.10/336.60 on Thursday, June at 340.20/340.50 compared with341 words
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Article37 1982-05-08 2 New York 6.82B 6 MB 6.89S 691S Zurich 6.75B 6.T7B 6 85S 6.87S M Than Singapore 6 80B (JOB 6 90S 6 90S Closing prices in US dollars troy ounc e. Source: Credit Suisse, S'pore.37 words
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Article107 1982-05-08 2 STERLING in London yesterday met support, rising to $1.8240/55 from an early 1.8218/28 and New York's 1.8185/8206 finish. The US unit also met some demand and rose to 2.2963/70 marks from 2.2938/ 45 earlier and the 2.2950'60 close in the US. However, the undertone for the dollar remained bearish107 words
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Article79 1982-05-08 2 Opening quotes yesterday US 1 8238 45 Cu 2 2240 64 Cron 1.2197 22 D Mk 4 1888 930 D F1 4 6521 83 S Fr-3 4642 89 B Fr con 79 09 22 F Fr 10 9815 330 Ut 2326 90 2331 85 Yen 422 89 423 6779 words
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Page 2 Advertisements
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Advertisement389 1982-05-08 2 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated389 words
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TRADE AND INDUSTRY
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Article248 1982-05-08 3 SINGAPORE'S largest computer company, NEC Computers, has sold more than $10 million worth of microcomputers here and sales are expected to go up by at least 25 per cent annually. This figure does not include the sale of microcomputer software, whose turnover is projected at a much248 words
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Article, Illustration253 1982-05-08 3 BANK of America has promoted four officers En Bmfc Baa Seag, Narmaa Taa Eag Haat, Sla Ha Maaa and Ireae Lee to assistant vice-presidents. Mr Seah is manager of the bank's South-east Asia BankAmericard Centre. He is responsible (or the Visa/ BankAmericard operation. Mr Tan, who joined253 words
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352 1982-05-08 3 THE "gut-feeling" approach, using trial and error to solve problems, should give way to the scientific management of modern businesses. This advice was given by Filipino business professor, Mr Leonida Africa, to 96 Singapore accountants yesterday in a management accounting seminar. Urging the352 words
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263 1982-05-08 3 BUSINESS studies graduates from Ngee Ann Polytechnic will be exempted from some examination subjects conducted by the Institute of Chartered Secretaries and Administrators (UK). With this exemption, the graduates can complete the Institute's two-year course in one and a half years. The exemptions are263 words
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Article192 1982-05-08 3 TELECOMS yesterday signed a contract with Fujitsu for the supply of local digital switching equipment, bringing it one step nearer its goal of developing a "total communication network". Mr Frank Yung, chairman of Telecoms, said the integrated services digital network (ISDN) will provide subscribers with simultaneous192 words
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176 1982-05-08 3 WORK on the $80 million Singapore Labour Foundation complex at Thomson Road will start soon. General manager of SLF properties, Mr Lim Lan Yuan, said site clearance is almost complete and piling work will begin in a week's time. The contract, costing $1.7176 words
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337 1982-05-08 3 CHAN OI CHEE - By CHAN OI CHEE THERE is a reluctance among industries to invest purely on energy saving devices and equipment although they are aware of the importance of energy conservation. Only some factories and companies have been systematic in energy conservation. These factories have achieved337 words
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295 1982-05-08 3 THE 12-member mission from the Leeds Chamber of Commerce and Industry managed to sell about $500,000 worth of products to Singapore businessmen during its one-week stint here. Mr Roger Femfiey. the mission leader, said this is well in excess of anticipated value. The mission295 words
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Page 3 Advertisements
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Advertisement180 1982-05-08 3 Available at: ternu/f de (artier Boutique* G36, Ground Floor, Lucky Plaza, Orchard Road, Singapore 0923 Gl9, Far East Shopping Centre, Orchard Road, Singapore 0923 \<?/ mu/t de r Pons Also available in Singapore at: Cortina Watch Centre G4-9, Lucky Plaza, GB, Colombo Court, North Bridge Rd. G23, Orchard Towers. Je'Taime180 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article216 1982-05-08 4 MAY OS Pra CORBE1LLE ALT-Liquid# m unch B 8 N Ocrrata Dtnont 14M C 8 r (Tbomaoo--0J Caf) 171 JO CW KttOCAlM -OA ltd PtUOiM 136 Cotnpacnlc Financier* Compafnl* OtMltlC Credit Fonctar Dt rrinct Ml uneb Hacbatu 4-1 (UbcaliM). «S Machlnm Bull M.10 •44 Mlchalln (B) an Pmrlbaa P*ehln«y216 words
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Article66 1982-05-08 4 MAT os rra FORWARD MARKET <■ •t ArtMd 1VM Astur m Bniscan MO •a ♦so ■4 Bni-Uab USD nnntr rv-k lfti 0 -0 1 Dt B*m UO -a iM* 4 Ktoetrotel 30 On UIO Hobok D* Pvtto M* 4-15 s ?C Dutch S o*n Bale IB -IS -10 Soflna66 words
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Article135 1982-05-08 4 MAT Dm Aac-Talafunkan CLM *0A Akao »«t >U Alia Laban 1WM» aneb AJUs V#r* rnjo «U BASF Bay H T Wbant *00 QUO BUO -0J -M -0.1 2S3C OJ BIT aajso -03 Dim 13 Cm—IH CtkMI Varw ■uo 1X100 4M0 uncb uoeh •U A30 1.1 KM f DIM ♦U135 words
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Article94 1982-05-08 4 AhMUlM R«f Brawn Bovwl Br. Cite (MC7 Br. Cite <M«y P C Cite (Mb Rff Cradn Bute* fr IH ;tnc UH iooe m ♦i ♦m M 10 1 ni -J Ktektrovmtt Br Oaorg* Platter Br m Ml -10 untf Hoffman La Roc be 1/M HoMarteak Br sse lowrfood Br.94 words
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Article152 1982-05-08 4 MAY 06 ru abn 294-50 2 Ahold BJO >13 Afcso AO >13 AMEV Amfu H40 axso > 1.4 >OJ Amrobnk 56 JO >05 ST" IZ 2B.00B BoU sxw 0J BortumlJ noo -1 Burtuntnn C*l*nd Caivt Dtift 4&J0 SHO ***** -0J 0J 1 DmU MU Ennl* 0450 moo -0J Fokkf152 words
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Article96 1982-05-08 4 MAT M LIT* *—-f Mi Bel MM Can Ml* Ord «M0 Cood Acqu* Ho— IS -t ErkUnM 1IM PMI Ort \m *M Omrtll IW <1» Ota Mi unch U! Pit» MM M InfMt MM 1 IMemntlM MMO 1M ItklBM US *i Lafwtlt Ort MM -M IMMaact MM 1M M96 words
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Article103 1982-05-08 4 M W p 3^^5 Does TW W* »®eB prpfr^S 14* u* *T oacb How OH Hud lu Mm mz M -M Imp Oil loco .is uach tut Pro* npa in lal Oto lotl Ntckal u fan Add HJ» unch LoMaw MMMJT ta yitiiiirr 1 L4it I Me Modal v103 words
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Article223 1982-05-08 4 MAT rn fund INDUSTRIALS A AlnMa At* AX And a J10 unch 10b u^ch AM Bai a uc rtow» SufV A lMt ■0 MO 4 32 71, P—1 M -•I -rl :oo amrm 1«M I BMB imrfi T" ns Ml uncb P l rdMa n*nl Oral—in Hippo HhN HuMU223 words
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Page 4 Advertisements
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Advertisement599 1982-05-08 4 See Page 9 for New York prices and Page 11 for Aaian stocks. Where to wine, dine and entertain with the American Express Card Siogopofi? DslgKif BUM Diw Our buffet dinner special for those who love the perennial local favourites. Beffct iron iJI ItJt pa Sat ay Chicken Rice Fried599 words
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Advertisement171 1982-05-08 4 as going to Bangkok. \v ;vV 4 <- J*' ?r i' This i* Ttw Seafood at its authentic best So fresh. It could heee bttn alive 19 minutes before coming to your table. ft »M An enormous variety of euccufent seafoods expertly prepared by Thai chefs in our kitchen Siamese171 words
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OVERSEAS
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286 1982-05-08 5 AFP THE Thai government is studying the proposed excavation of a southern canal in the Gulf of Thailand which could cut the navigation distance for international shipping by about 1,480 km. The communications ministry said Japan would be very interested inAFP - 286 words
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233 1982-05-08 5 Reuter INDIA has announced it will finance a centre for science and technology in India to help promote flow of technological information among non-aligned and other developing countries. India's decision was conveyed to an official level meeting of 51 developing countries that endedReuter - 233 words
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287 1982-05-08 5 Reuter COMPANIES in the UK expect little change in demand and output during the next four months, although a very slight rise is possible. This was revealed in the latest quarterly survey on industrial trends by the Confederation of British Industry (CBI). But for theReuter - 287 words
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Article764 1982-05-08 5 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0145 JFK/SFO/HKG Cargolux CV796 0315 LUX/DXB CAL CI331 0350 TPE SIA SQ101 0W5 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP764 words
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508 1982-05-08 5 Reuter WEST Germany's central bank cut one of its key lending rates on Thursday to speed the country's economic recovery and to reduce unemployment. Karl Otto Poehl, president of the Bundesbank, said that the central bank was abolishing its special Lombard rate, introduced inReuter - 508 words
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154 1982-05-08 5 Reuter THE largest diamond to be offered at auction this century was withdrawn by the owner on Thursday night when the highest bid was 6.2 million Swiss francs. "I cannot sell it at this price," Graham Llewellyn, chief auctioner at the Sotheby Parke Bernet Auction,Reuter - 154 words
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315 1982-05-08 5 Reuter PRESIDENT Reagan, unable to get Congress to support his own 1983 budget, has heartily endorsed proposals by a Senate committee for a sharp increase in taxes and cuts in social programmes in order to reduce huge government deficits over the next threeReuter - 315 words
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313 1982-05-08 5 UPI SOME 4MM pewpie have applied tor IJU6 )tks Mag crested by a Nlsaaa track assembly ptaat safer eea■Uatttsa la Baqrraa, aad that amber Is exported to doable la emalag meat*». Nlssaa officials said the ■amber at appUeaats Is expected Is Janp tsUPI - 313 words
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WORLD IN BRIEF
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Article526 1982-05-08 5 Agencies THE MASS Transit Railway Corp has awarded contracts worth about HK$2 billion (or work on its new line on Hongkong Island. A company spokesman said seven construction contracts worth 11.8 billion and (our electrical and mechanical contracts were awarded. Construction contracts went to Gammon (Hongkong), Kumagai-Gumi, NishlmatsuAgencies - 526 words
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Article476 1982-05-08 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aconcagua (1100 hauls after Feng Tao sails) 12 Barber Terrier (shifts after Sinkai sails T/L) 35/36 Cherry Bagus (after Seng Hong) 27 Daigen Maru (after Oceania Star) 19 Equator HI (after Equator (0 22 Foo Chow (0700) 29/30 Georg Handke (after Sondershausen)476 words
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331 1982-05-08 5 Reuter TWENTY major corporations In the US yesterday predicted a moderate improvement in the country's recession-hit economy this summer with falling inflation and interest rates. The Business Council, representing the corporations, said in a report it believes interest rates would continue to fall althoughReuter - 331 words
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421 1982-05-08 5 Reuter THE US should pay more attention to exchange rate considerations in framing its domestic policies and avoid an unbalanced mix of monetary and fiscal policies. The Group of 30,- a non official body of leading bankers, central bankers, economists and businessmen yesterdayReuter - 421 words
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Article289 1982-05-08 5 UPI US companies went out of business during the first three months of 1982 at a rate unseen since the Great Depression and overall corporate profits plunged 11 per cent. Business Week in its May 17 issue, released on Thursday, said: "Corporate profits in the firstUPI - 289 words
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Page 5 Advertisements
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Advertisement183 1982-05-08 5 W»J GOLD COIN LIMITED k. i/ REBULTB FOR 1961 The audited results for the year ended 31st December, 198) are (figures in S$000)> Turnover GROUP 1961 1960 COMPANY 1961 1960 257,579 260,873 65,902 81,834 Trading profit Dividends, gross Share of associated companies' results Profit before tax Taxation 10,448 10,323 3,678183 words
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677 1982-05-08 6 SO MUCH FOR progress. Back in the days when the ancient Olympic Games were staged at Marathon in Greece, states had to call a halt to war for the duration of the contest. If the news from Britain is to be believed,677 words
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Article, Illustration807 1982-05-08 6 PETER GUMBEL - Rising costs, new taxes and stiff competition from pirate operators have hit the London cabby hard. Some drivers blame their plight on the famous black cab and want it replaced. Others say it's the best taxi ever made By PETER GUMBEL Reuter LONDON'SReuter - 807 words
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815 1982-05-08 6 WAYNE KING - By WAYNE KING NYT RICHARD Thalheimer does not own one of the bullet-proof vests that he sells through his catalogue for US$249, nor, when he goes for his daily UMcm jog, does he wear one of the computerised runner's wristwatches ("brisk sellers") thatNYT - 815 words
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Page 6 Miscellaneous
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Miscellaneous664 1982-05-08 6 I I -IH-OKE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Discount arranged for a beater (6) 7 A land to some extent bulging with song (8) 8 Are they planted while the crows are out of the way? (6) 10 Might he turn a hair, possibly? (5) 13 Smell of burning (4)664 words
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Miscellaneous686 1982-05-08 6 m Return of Frank Cannon BBC HAS to Store aa eatertolalag nkeUMj( jM> Genmu Urtmg FC Catogae Mi) will r (Cfc 5, paraflicn to s pi 1 z I m K Arto. Laretto Bwtt el HASH to tavt ■■■bmw m special |ieit stoaeei ■£< eat. meaa. tke elrtia- whe ■—mm686 words
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1758 1982-05-08 7 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. 9ECTION ONE INDUSTRIAL COMMERCIAL AU™d <*h^(l 82BMl)1,758 words
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Article201 1982-05-08 7 ONGAFOBK UNIT nun DIAMOND MOT 8TOKE (M»aa|ig>* prtaaa tar May It) (M«ni|in prim tar May It) The Commerce 3 06 3 22 Diamond The Savlnfi Fund L70 1.71 Spore Fd (US) 0.M 0(0 S pore Prof Fund IS 1 SI 1.25 S pore Sec. Fund 2 03 2.13201 words
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Article2909 1982-05-08 7 IMS High Low Compuy Last Sale +orGr*« Div Div Crr Gr*a Net Ynd P/E Vol Day COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 300 233 283 320 141 291 480 292 247 172 248 320 98 199 340 240 Aetna Alcorn Allied Choc BAT Bata Ben Berjaya2,909 words
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Article1890 1982-05-08 7 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. DTOUnVUL* AIM (I MS) (1) I.* (1) 1.27 (4) LSad A CMc1,890 words
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COMPANY BRIEFS
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Article22 1982-05-08 7 has made no decision on whether to go ahead with an office development although the issue is under consideration.22 words
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49 1982-05-08 7 wholly- owned by the Development Bank of Singapore announced that Mr Oliver Tan Kok Kheng has replaced Mr Soh Kim Soon as director of the company. The other two directors of Singapore Factory are Mr Chua Kim Yeow. chairman, and Mr Patrick Yeoh Khwai Hoh49 words
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764 1982-05-08 7 BULLS retained with i veageaaee te the stock market yesterday, pesklng prices sahataatially klgker aereas a kraad treat. Trading was fairly keetie. The Straits Times ladastrlal ladex, a ifl palat winaer at 12JI pm, leapt 11.71 palate to 771J8 at tke cleee. Tkls to764 words
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Article586 1982-05-08 7 SHARE prices on the Kuala Lumpur stock market were marked higher across the board yesterday in very active trading with total business done up by almost two million units. Apart from the $2.00-jump to $10.10 recorded by electrical stock EAI, double-digit gains were the586 words
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Page 8 Advertisements
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Advertisement2147 1982-05-08 8 OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) Chairman's Statement On behalf of the Board of Directors, I have pleasure in presenting the Annual Report and Accounts of the Bank and its Group of Companies for the year 1981. The Singapore economy has once again demonstrated its resilience.2,147 words
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Page 9 Advertisements
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Advertisement1674 1982-05-08 9 m OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) Financial Highlights Consolidated Statement of the Source and Application of Funds for the year ended 31st December 1981 Source of Funds Net profit after tax, transfer to inner reserves, and after deducting minority interests Add/( Deduct): Exchange adjustments Depreciation1,674 words
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Page 10 Advertisements
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Advertisement1564 1982-05-08 10 lurj I It* ILm U m irsl OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) Share Capital Authorised Ordinary shares of Ssl each Issued and Fully Paid Ordinary shares of Ssl each Capital Reserves Statutory Share premium Other Revenue Reserve Retained profits Total Capital and Reserves Current Liabilities1,564 words
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RAW MATERIALS
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Article180 1982-05-08 11 CHINESE PrWicc Exckaage, Singapore, mm etaiag price» per 1M kg yesterday. CMMit #U: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116.00 sellers. Capra. Mixed (loose) $50.00 buyers. Pepper: Muntok white pep- per fob Asta NLW $370.00 sellr ers, Sarawak180 words
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Article143 1982-05-08 11 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go- iiown) CattM yarn: China Blue Phoenix 20s 2,430 32s 2,960, 40s 3,140 (per bale of 400 lbs). <- Pakistan raw cattM: LSS 5.89, 4F 5.88; 289F 5.90; NT roller ginned 5.90 (per lb).143 words
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Article327 1982-05-08 11 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.92, 100 per cent third class 0.88, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super r 0.65, Special327 words
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Article70 1982-05-08 11 THE STRAITS tin price in Penang yesterday was steady at M529.4t a kilo, to remain within the ITA lower sector of $29.15 and $32.M. The week-long steadiness saw continning bolter stock manager support at this level, coupled with routine overseas and local demands. Turnover rose sharply to 25770 words
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Article32 1982-05-08 11 Rubber May 7 Singapore: May: 187.00 cents (down 1.00 cent) Malaysia: June: 206.00 cents (down 0.50 cent) Tin: M 529.40 per kilo (unchanged) Official offering: 257 tonnes (up 60 tonnes)32 words
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Article66 1982-05-08 11 Reuter HONGKONG and Finland have negotiated a new two year textile agreement, effective Aug 1 when the existing agreement expires, the Hongkong government's Trade, Industry and Customs Department announced. Although giving no details, the department said the new pact covers the same products as the current agreementReuter - 66 words
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Article867 1982-05-08 11 COFFEE: Robusta futures yesterday were easier at midday, between £26 and «£lO a tonne below Thurs- day's close in traded posiItions. Dealers said prices traded Within a narrow range for I most of the morning after «an initial fall of about £20 in "line with New York's weakness867 words
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Article134 1982-05-08 11 THE Kuala Lumpur crude palm oil market yesterday was mixed in late quiet trading with most operators sidelined ahead of the long weekend, dealers said. In May, south was unchanged at M 5957.50 a tonne, central dropped $7.50 to $952.50 while north pose $1 to $962.00. In June,134 words
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Article216 1982-05-08 11 RUBBER prices in Singapore yesterday closed slightly lower with May One RSS buyers quoted at 187.00 cents per kilo, down one cent from Thursday's close. Morning prices were marked down slightly initially before gaining some ground on covering interest. Afternoon prices were about unchanged but prices were shaded slightly216 words
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Article354 1982-05-08 11 RAS price* In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 183.50 184.50N Int. 1 R.S.S. May 187.50 188 00 Int. 1 R.S.S. June 184.00 185 00 Int 2 R.S.S. 173 00 175 00N UK/Coot 172 00 174 OON Int. 3 R.S.S.354 words
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Article100 1982-05-08 11 NOON SSR and SMR p ncm vmunimy RA8 SSR 20 SSR SO (1-IOB (1 ton M»y (Ctrmt Mlk) ■•Tin Bolter* pollot) 160.00 181.00N polWtl 158.00 159 00N Jul (Forward Hit) Bolter* ***** 181 SON 158-50 15# SON MRELB J«M Mr SMR CV SMR L SMR 5 SMR100 words
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Article165 1982-05-08 11 SOYBEAN futures in Chicago on Thursday closed four to 6Vt US cents a bushel lower, with the July contract settling at the day's low. Traders said selling by the Large Professional House, estimated at over three million bushels of November and 1.5 million July, pressured prices. Local long liquidation165 words
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Article196 1982-05-08 11 WHEAT futures in Chicago on Thursday extended losses at the finish to close 4'4 to seven US cents a bushel lower. Traders said heavy selling by the Professional House was met by scale~down exporter buying, believed by traders to be covering possible further wheat sales to China. Technical analysts196 words
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1226 1982-05-08 11 NEW YORK STOCKS STOCK prices in New York on Thursday closed with healthy gains as investors reacted with optimism to the news that the Senate budget committee approved a Federal budget package. The Dow Jones rose as more than nine points in the first1,226 words
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666 1982-05-08 11 Reuter CRUMBLING cocoa values on international markets have spurred producing and consuming nations to take further steps to bolster prices, but market analysts believe they will be successful only in the short term. The International Cocoa Agreement, to which producers and consumers subscribeReuter - 666 words
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292 1982-05-08 11 THE DRAMATIC naval casualties in the Falkland Islands conflict were discounted by local markets, where levels closed some 2 Vi cents lower on the week in quiet conditions, Hsttday, Caller, Balk aad Campaay said in its review for the week ended May 6. Initially.292 words
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ASIAN STOCKS
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Article364 1982-05-08 11 AN INFLUX of buyers gave the Sydney market its strongest rise of the year yesterday, prompted by White Hook harking for Senate proposals on the 1983 US budget deficit, brokers sakl. The All-Ordinaries index was 14 points up at 512.7, its highest level since Feb 15 when it stood364 words
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Article351 1982-05-08 11 HONGKONG THE Hongkong stock market yesterday closed mostly higher with trading mixed near the close and with speculation on a local interest rate cut continuing a background support, brokers said. Speculative demand on the possibility of a bid was renewed for China Light and its shares rose351 words
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Article431 1982-05-08 11 SHARE prices in Tokyo yesterday closed narrowly mixed after an active day which saw initial gains in some blue chips pared on profit-taking as caution set in in response to the rapid pace of price rises, dealers said. The market average finished a marginal one point431 words
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Article151 1982-05-08 11 THE Manila stock market was easier yesterday with commercials and industrials, minings and oils closing lower, dealers said. Turnover rose to four million pesos from two million on Thursday Gainers were Philex "B" and Philex Mining "A". Losers were Baguio Gold, Benguet Con "B", Lepanto, Marinduque "B", Oriental "B"151 words
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Article242 1982-05-08 12 SIN CHEW Jit Poh's yearend results, like its rival Nanyang Siang Pau's, have been "adversely affected" by losses in an associate company. Nevertheless, Sin Chew still managed to turn in a 17 per cent increase in group pre-tax profits to $6.8 million for the 12242 words
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LATEST
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Article44 1982-05-08 12 IMS reported gnu pre-tax pram af MftCJ milfiaa (914-Si hUUea) m graip art aalea af $114-34 nllllaa ($lBB.BB ial»Um) far the rix awtki eaded Pel 28, IWL Directors have declared aa laterlm MM af rix eeats graaa payable «a Jue tl.44 words
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Article125 1982-05-08 12 haa repartod gnap pre- tax prwt m M¥i.M raiiuw (I&JJ mllBaa) aa map tanaver af milhaa (SIBJ4 mllltos) far the year eaded Dec SI, ini. Directors have declared a flaal dWdwd a( S Jer eeat graaa payable aa ue 1», laaktag a total at lk125 words
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Article740 1982-05-08 12 LONDON, Fri. The market opened narrowly mixed in quiet trading today, dealers said. Operators were nervous with hopes of an early diplomatic solution to the Falklands dispute apparently receding. However, the strong showing of the ruling Conservative party in UK local elections supported yesterday's slightly firmer levels, dealers740 words
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Article103 1982-05-08 12 AP NEW YORK, Fri. The stock market gained more ground this morning on the heels of yesterday's rally. The Dow Jones average of 30 industrials rose 2.19 points to 865.39 in the first half hour. Gainers held an 8-to-5 lead over losers. Analysts said the market wasAP - 103 words
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Chief Price Changes
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Article157 1982-05-08 12 Rises Indices G E Life M M C P M R I Island ft Pen FAN Sel Properties H Leong Credit Keppel Ship General Corp H Leong Fin Metro Hldgs Hong Leong Ind G I Hldgs 2300 350 280 770 875 565 560 454 438 780 765 755 304157 words
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Article, Illustration177 1982-05-08 12 SHARE prices closed substantially higher in active trading sn the Stock Exchange ®f Singapore yesterday, with sentiment boosted by firmer overseas markets. The Straits Times Industrial Index jumped 11.1» points to 171.18 at the dose, while the fluid—mm Times Indicator of the day's It most active stocks climbed177 words
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Article50 1982-05-08 12 FINANCIAL TIMES INDUSTRIALS Thursday 578.8 Wednesday 575.4 Week Ago 582.0 DOW JONES AVERAGE INDUSTRIALS Thursday 863-20 Wednesday 854.45 Week Ago 844.94 Friday 1368.97 Thursday 1351.09 Week Ago. 1323.36 AUSTRALIAN INDUSTRIALS Friday 881.8 Thursday 851.7 Week Ago 658.2 ALL ORDINARIES Friday 512.7 H.K.HANG SENG Thursday 498.7 Week Ago 502350 words
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Article465 1982-05-08 12 CHOO AI LENG - ■HUH Companies Editor: Mano Sabnani By CHOO AI LENG FAST-GROWING Malayan United Industries has disclosed in its latest annual report that the market value of its investments in listed companies, including Central Sugars and Pan Malaysia Cement Works, swelled to M 5567.9 million at the465 words
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Article458 1982-05-08 12 GENERAL Corporation has formally transferred its ceramic tiles business to a wholly-owned unit, thus completing the final procedure required to transform itself into an investment-holding company. In a statement to the Kuala Lumpur Stock Exchange, General Corp announced that it has received approval from the Malaysian Ministry458 words
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380 1982-05-08 12 THE new owners of Bedford Plantations Bbd (formerly owned by Straits Trading) have started to Inject assets into the company. Bedford announced yesterday that it has reached agreement to acquire the entire capital of Hampstead Corporation Sdn Bhd for MJB.S million. Hampstead, a propertybased380 words
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Article415 1982-05-08 12 THE PRIVY Council has delivered its verdict on the tangled dispute between Malaysia Borneo Finance, the 70 per cent owned subsidiary of MBF Holdings and a syndicate (determined by the Hongkong High Court as Mr Choo Kim San's nominees) over the recovery of loans given to Mr415 words
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156 1982-05-08 12 MBF Holdings Bhd's 70 per cent owned Malaysia Borneo Finance Corporation (M) Bhd (MBF), which is to be hived off soon as a publicly quoted company, has obtained approval to open three more branches in Malaysia. Yesterday, MBF Holdings announced that Bank Negara has156 words
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Article82 1982-05-08 12 UNITED Industrial Corporation Ltd has set up another wholly owned subsidiary, UIC Petrochemical Pte Ltd. Incorporated on April 23, UIC Petrochemical has an authorised capital of $10 million and a paid-up capital of $2. UIC earlier this week bought a 10 per cent stake in United Engineers,82 words
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Article871 1982-05-08 12 mm by HOCK LOCK SIEW BOTH Taiping Textiles and Sentosa Plywood were among the high-fliers in last year's stock market boom, but unlike some of their more resilient counterparts, they have never really recovered from the severe beating their share prices suffered when the market turned bearish. Notby HOCK LOCK SIEW - 871 words
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Article300 1982-05-08 12 8ENT06A PtywMd Bkd will be traded and quoted under the new name of 8PK Harts— Csrpsratlaa from Monday. Certificates bearing the former name will still be valid. METRO HsMlags Ltd will be borrowing $14 million from a bank, besides forking out $14 million cash itself, for its $28300 words
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Page 12 Advertisements
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Advertisement282 1982-05-08 12 SIN CHEW iIT POH (SINGAPORE) LMTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors ore pleased to announce the audited results of the Group and of the Company for the financial year ended 31 December 1981 as foBows:1961 1980 Group Company Group Company $'000 $'000 $'000 $'000 Turnover 44.282282 words
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Page 12 Miscellaneous
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Miscellaneous68 1982-05-08 12 OUTLOOK for Singapore today: Showers in several areas in the late morning and early afternoon. Fair the rest of the day. Bepwt for 24 hoars prior to 7JI pm on May 7 »t the airport: Maximum temperature 32.1 Associated humidity 67 Minimum temperature 24.6 Associated humidity 88 Hours of sunshine68 words
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