The Business Times, 15 May 1982
1982-05-15
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The Business Times
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Title Section11 1982-05-15 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, MAY ft, 1182 60 CENTS11 words
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430 1982-05-15 1 SALMA KHALIK - By SALMA KHALIK TELECOMS will not be able to rent part of the Rollei complex because of certain conditions imposed by the Housing and Development Board. Telecoms has been negotiating with Development Bank of Singapore, which is buying the complex from the Rollei430 words
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154 1982-05-15 1 A TEAM of high-ranking officials from China is now in Singapore to find out the kind of training and expertise which oilfield equipment and services suppliers here can offer. During their stay, the 11member delegation, comprising top executives and engineers from three Chinese national oil154 words
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394 1982-05-15 1 LOH HUI YIN - By LOH HUI YIN A SINGAPORE trading company has won a massive $400 million contract to supply granite to Batam Island. Comfort Marine will deliver three million tonnes of granite to the Batam Industrial Development Authority (BIDA) over a two-year period. This order from394 words
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495 1982-05-15 1 WONG MAI YUN - WONG MAI YUN MORE manufacturers of industrial grade printed circuit boards (PCBs) are setting up here to cash in on the growing demand for computers and computerrelated products. Some manufacturers of PCBs for consumer electronic products are also considering switching to or diversifying into495 words
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363 1982-05-15 1 THE export of leather shoes, which dropped by some 3 per cent last year, is expected to drop sharply this year. A spokesman for the Singapore Footwear Merchants' Association estimates that export will drop by a drastic 50 to 60 per cent this year.363 words
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BRIEFLY...
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Article111 1982-05-15 1 Reuter BRUSSELS, Fri. The European Economic Community (EEC) may agree to only a short extension of its trade sanctions against Argentina which expire next week, diplomats said today. Senior officials from the 10 EEC capitals will meet in Brussels tomorrow to discuss a British request for renewalReuter - 111 words
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Article78 1982-05-15 1 WASHINGTON, Fri. Wholesale price inflation in the US rose by 0.1 per cent in April after falling by the same amount in February and March, the government said today. A Labour Department report blamed sharply higher food prices for the increase, which translated into an annual inflation rate78 words
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Article60 1982-05-15 1 Reuter QUITO, Fri. Ecuador, host to an Opec meeting next week and hit hard by the oil glut, today devalued its currency, the sucre, by 24.2 per cent. It announced that the new rate would be 33 to the US dollar instead of the previous 25, a 32 perReuter - 60 words
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Article91 1982-05-15 1 Reuter PARIS, Fri. Inflation continued its recent downward trend in March in the 24 member states of the Organisation for Economic Cooperation and Development (OECD), the organisation reported today. Consumer prices in the OECD group, which embraces the major non-communist industrialised countries, rose 8.5 per cent inReuter - 91 words
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Article69 1982-05-15 1 TEL AVIV, Fri. Israel declared its nine-month ceasefire with guerillas in Lebanon was "null and void" and reportedly massed two divisions on the border in a possible prelude to invasion. The opposition Labour Party urged restraint by the government and Palestinians to avoid a fullscale war in69 words
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Article75 1982-05-15 1 AFP KUALA LUMPUR, Fri. The Malaysian-based Association of Natural Rubber Producing Countries (ANRPC) will hold an emergency meeting here late next week to discuss the future of the International Natural Rubber Agreement (Inra). Its new secretary general, Dr Timor Hitam, said today that invitations had already been despatchedAFP - 75 words
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Article27 1982-05-15 1 AP TOKYO, Fri. Japan has pledged to export 100,000 tonnes of rice to Bangladesh on a deferred payment basis, Kyodo News Service reported today. APAP - 27 words
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322 1982-05-15 1 UPI Reuter FORD Matar C* baa taken U Met fTMD it* JtptMM campetltera tad ehseea tw« US ear plants In which mwt thu workers wilJ be gaaraateed Lifetime Jabs. Ford vlrr prwHft Peter Peatlli* lilted Ante Workers \loe-preBident Don«ld EphHa said the programme,UPI; Reuter - 322 words
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422 1982-05-15 1 LEE YEW MENG - By LEE YEW MENG THE Department of Trade is mapping out a twopronged drive under a five-year plan to promote high quality garments designed and created here. One way is to establish rapport with manufacturers and designers to initiate the cooperative buildup of422 words
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Page 1 Advertisements
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Advertisement225 1982-05-15 1 tttt 5^ UMUDBZ BANCO Exterior de Espana, one of the leading banks in export credit investment, has established a representative office here Page 2 INDUSTRIES in Singapore must automate their welding technology to compete with other countries Page 3 FRANCE, Canada and the Netherlands have proposed a special fund to225 words
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Advertisement52 1982-05-15 1 >ur Kallik Exec The compact monthly magazine offering selected condensations of manaaement articles and books management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by Wttl FEDERAL PUBLICATIONS IaMPI 1 New Industrial Road, Singapore 1953 A member of the52 words
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Advertisement50 1982-05-15 1 I The I Straits I Companies Times DIRECTORY Agen L Key Personnel. ftf Agencies Singapore (Buku Merah) K* \\\s <,- y jp Jr <4 -0 x \<d p <0® 0 6 J% <: r W A i Soto Agent EXCELSIOR (PTE) LTD. Jf f jk 06, High Street, Singapore 0617.50 words
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BANKING AND FINANCE
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507 1982-05-15 2 BERNADETTE CHOOI - By BERNADETTE CHOOI A SECOND Spanish bank has set up an office here in the wake of the region's growing trade relations with Spain. Banco Exterior De Espana, one of the leading banks in export credit investment, has established a representative office as507 words
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Article668 1982-05-15 2 Reuter MEXICO'S proposed jumbo Eurocredit of up to US$2.5 billion has been very well received by international bankers, the country's director of foreign financing, Angel Gurria, said. The reaction of the banks to both the credit and Mexico's economic adjustment plan has been very positive, heReuter - 668 words
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Article266 1982-05-15 2 BANQUE de L'lndochine et de Suez has begun discussions on its restructuring with a view to inviting Malaysian participation in its ownernship structure. It expects to conclude negotiations within the next few months. This estimate was given by Mr P de Chocqueuse, a representative from Banque de266 words
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176 1982-05-15 2 Reuter FOUR major Swiss banks lowered their interest rates on customer time deposits by between and point, effective yesterday, a spokesman for the banks said. The cut reflects sharp further falls in Eurofranc rates. The latest is the 10th cut in rates since theReuter - 176 words
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Article756 1982-05-15 2 ITT Financial Corp has amended a registration statement filed last year to reflect a planned offering of US$25O million of zero coupon senior debentures due on May 15. 1983 through 1992. The International Telephone and Telegraph Corp subsidiary said investment bankers managed by Lehman Brothers Kuhn Loeb756 words
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Article154 1982-05-15 2 Reuter JAPAN'S Finance Ministry said It mmM agreement with the U8 Expert Impert Bank and Britain'* Expert Credit Guarantee Departmeat (ECGD) an a fermala ander which Japanese bask* will snpply yes credits to finance US and UK experts to third eeantries. The credits will be gaaranReuter - 154 words
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484 1982-05-15 2 Reuter AEG-TELEFUNKEN AG hopes to reach agreement with its banks and with the West German government by mid-June on new measures to offset an expected 1982 operating loss of 400 million to 450 million Deutschemarks, management board chairman Heinz Duerr said. HeReuter - 484 words
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Article319 1982-05-15 2 ABOUT 300 bankers will attend a congress on electronic banking here next month. The organiser, Consulton Research Bureau, says some of the delegates come from as far as New Zealand and Sweden. Scheduled from June 1 to 3, the congress has as its central theme Technology319 words
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Article80 1982-05-15 2 AP THE Bank of China now has 22 branches and representative offices abroad, employing 1,200 people, to promote China's economic relations with other countries, the official Xinhua news agency said. The branches and offices are in New York, London, Singapore, Luxembourg, Tokyo, Paris and other major trade andAP - 80 words
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MONEY AND EXCHANGE$
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Article22 1982-05-15 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.56 per cent.22 words
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Article192 1982-05-15 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 14: U8 DoU*r*(Spot) orrw Bid 7 days 15H 15* 1 month IS 1 15 2 months 1413/1614 11/16 3 months 14* 14H 6 months 1411/1614 9/16 9 months 14H 14H 12 months 14 7/16 14 5/16 Dm 8wJFn.192 words
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Article44 1982-05-15 2 RANGE at prices offered by discount house* on May 14: Overnight 4S Call deposits: 9% to 4% GMag B.yta« 8«Uiac 3-month Treasury bills 4 3H 3-month Bank bills 9* 9* 3 months CD 9H 9* 8 months CD 9 Source: National Discount Co44 words
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Article115 1982-05-15 2 THE US dollar in Hongkong yesterday traded lower against all major currencies except sterling after opening below the US close, in thin, late trading. Elsewhere, sterling was little changed at $***** 30 in very quiet trading versus an early 1.8230/40 but was above New York's 1.8180/8200 finish. The Hongkong115 words
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Article454 1982-05-15 2 TRADING on the foreign exchange market yesterday was dull and thin with the American currency staying at a generally steady level against most major foreign currencies. Against the local currency, the US dollar opened at SJ2 0940/50 and rose to a high of 552.0970/85 due to some speculative454 words
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Article165 1982-05-15 2 THE dollar for overnight delivery in Tokyo yesterday closed marginally easier at 236.10 yen after an opening 236.20, dealers said. This was below the 236.30/50 finish in New York overnight but was still well above the 234.15 close in Tokyo on Thursday. Dealers said trading volume was a light165 words
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Article51 1982-05-15 2 Opening quotes yesterday US- 1 8225 35 Can 2 2585 610 Cross 1 2393 96 D Mk 4 2040 82 D PI 4 6756 800 S Fr 3 5456 5503 B Fr con -79 .45 56 F FY 10.9715 865 Lit 2336 45 2339 55 Yen 428 29 43051 words
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Article300 1982-05-15 2 SINGAPORE gold futures yesterday closed slightly lower than overnight levels after fluctuating within a narrow margin in light trading, dealers said. Total sales for the day was recorded at 188 lots while kerb volume at 33 lots, they said. Prompt closed slightly weaker at US$332/334 an ounce against 332.50/334.50300 words
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Article36 1982-05-15 2 Nrw York t<38 (MB 6 70S 6 73S Zunoh (COB 6 MB 4 70S 6 76S PM Iton Singapore (COB t S5B S 70S 75S Closing prv MtaUSdolUrs troy oubc Source: Credit Suisse, S'pore36 words
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Article50 1982-05-15 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 17 to May 21: Offered: $120,000,000 Applied f*r: 1148.000.000. Allotted: $120,000,000. Accepted Mds: $99.02 approximately 80 per cent higher bids in full. Average rate d dtecMut •a altotmeat: 3.930 per cent per annum.50 words
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Page 2 Advertisements
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Advertisement164 1982-05-15 2 Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK M was well known in the I IV Banking and Finance I T,T circles of Singapore. vl He played a prominent S\r\\ part in the early days of Chinese banks, especially Tiyy in the establishment of the vf present Oversea-Chinese Banking164 words
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TRADE AND INDUSTRY
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Article, Illustration188 1982-05-15 3 ROBIN Information Systems has introduced a new computer to help restaurants and bars mechanise their service. Called the Remanco restaurant management system, it relieves waiters of the chore of writing down orders and walking to and from the kitchen or bar to deliver those orders. They can188 words
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Article926 1982-05-15 3 SEMINARS AND COURSES March 6-May 22 (Saturdays): BASIC programming for Beginners, Waterloo Centre, Department of Extramural Studies, NUS April 1-May 27 (Mondays and Thursdays): Computer Data Processing for Managerial Personnel, Cuppage Centre, NPB April 2-May 28 (Tuesdays and Fridays): Computer Evaluation and Selection, Cuppage Centre, NPB April 2-June926 words
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230 1982-05-15 3 Mr Philippe Marandet, 53, has been appointed by the French government as its next ambassador to Singapore. Mr Marandet, who arrived here on Thursday night, will replace Mr Henri Chollet who retired on March 12. No date has yet been fixed for Mr Marandet to230 words
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Article, Illustration445 1982-05-15 3 PROBUS Kitchencraft, a company participating in the British hardware manufacturers mission to Singapore from May 21 to June 1, is offering several new products. Among its products is a range of racks for hanging kitchen tools. The C 76 Racksystem consists of chrome plated steel track decorated with445 words
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264 1982-05-15 3 THE Toy Safety Authority (TSAS) has formed three working committees to streamline efforts in promoting and regulating the highest standard of toy safety in Singapore. At the first council meeting on April 19, TSAS endorsed the formation of the Education, Toy Investigation and264 words
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Article63 1982-05-15 3 A NINE-member US delegation from the Overseas Automotive Club will arrive in Singapore on May 19 in conjunction with the fifth Asian automotive and accessories show at the World Trade Centre. The show is on from May 20 to 23. The mission intends to seek new markets,63 words
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587 1982-05-15 3 INDUSTRIES in Singapore need to automate their welding to compete with countries such as Japan, South Korea, Europe and the US. There is also a desperate need to produce trained welding technicians and engineers for effective transfer of welding technology from advanced countries. These587 words
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Article, Illustration229 1982-05-15 3 CHASE Manhattan Bank has appointed Baym«ad LeMg as second vice-presi-dent and manager of bills and customer services. Mr Leong Joined the bank in October last year. SSCAB: Lintas Singapore has appointed Jafca Mac hade as creative director. Mr Machado's last appointment was creative director with another internationalMr Leong - 229 words
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223 1982-05-15 3 SAVINGS in energy may come from improved operations and large capital investments. But equally important is the training and motivating o( workers to be aware of the need to conserve energy. This point was emphasised during a presentation of Mobil's energy conservation programme to industrialists223 words
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Article47 1982-05-15 3 BUS services in Singapore will conduct a series of passenger counts from May 18 to 21. All Singapore Bus Services, Scheme B and Singapore Shuttle Bus services plying along the inner cordon of the city just outside the Central Business Dis-. trict will be included.47 words
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Page 3 Advertisements
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Advertisement114 1982-05-15 3 a r« Stockholm Oslo Copenhagen Amsterdam^ WarsJW London Moscow Brussels prague rankfurt Luxembourg Geneva "V Zorich Rome Sofia Whichever major European city you may be going Amsterdam, Copenhagen, Frankfurt, London, Paris or Rome fly Aeroftot Aeroflot operates three flights weekly to Europe via Moscow on Mondays, Wednesdays and Fridays. Fly114 words
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OVERSEAS
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592 1982-05-15 4 AP Reuter FRANCE, Canada and the Netherlands have proposed a special fund to compensate for lagging US contributions to the World Bank's soft-loan fund for the poorest countries. In the process, American industry would be barred from bidding on billions of dollars worth ofAP; Reuter - 592 words
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362 1982-05-15 4 UPI THE chairman of Exxon Corp, one of the world's largest oil company, told the 100 th annual meeting on Thursday the company had simply put the colony shale oil project "in mothballs" and not walked away from it. CC Garvin saidUPI - 362 words
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Article310 1982-05-15 4 Reuter DUTCH financial markets were little affected on Thursday by the cabinet crisis brought about by the resignation of the six labour ministers from the centre/left coalition government. There were initial negative reactions, but prospects of a centre/right government replacing the present coalition should have positive effectsReuter - 310 words
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243 1982-05-15 4 UPI AN AMERICAN scientist said yesterday the United States and Japan will soon start a seven-year project to develop a so-called frozen power can to store electricity in deep freeze. Dr Roger Boom of the University of Wisconsin told an international conference in Kobe inUPI - 243 words
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288 1982-05-15 4 UPI PAYING little attention to China's objections, Congress has approved President Reagan's US$6O million arms spare parts sale to Taiwan by allowing it to slide untouched through the congressional process By not acting on the sale, the transaction is automatically approved afterUPI - 288 words
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228 1982-05-15 4 Reuter THREE major Japanese electronic manufacturers have begun studying plans to start production or assembly of video tape recorders (VTRs) in Taiwan to avoid the Taipei government's ban on imports of Japanese consumer goods including VTRs, industry sources said. Sharp Corp saidReuter - 228 words
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184 1982-05-15 4 Reuter AUSTRALIA'S Arbitration Commission has turned down a trade union request for a national wage rise, commission president Sir John Moore said yesterday. The Australian Council of Trade Unions (ACTU) had sought an extra As4o a week for about 30 per cent ofReuter - 184 words
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Article117 1982-05-15 4 Reuter THE ALUMINUM Co of America (Alcoa) has formed a joint venture with Nippon Electric Co Ltd (NEC) of Japan to assemble and market home television receiving systems. The venture, owned 51 per cent by Alcoa and 49 per cent by NEC, will produce the television receiver systemsReuter - 117 words
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490 1982-05-15 4 NYT A US Defence Department official said cuts in military outlays, agreed to by President Reagan, would reduce the annual increase in that spending to 7.2 per cent. This is a figure barely above the level the president has said was neededNYT - 490 words
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410 1982-05-15 4 Reuter SEVENTEEN world trade disputes, a record, were brought to Geneva for mediation last year as recession-plagued governments came under increasing pressure to increase exports and to limit imports. Although most governments resisted pressures to resort to protectionism, "the record of trade relations inReuter - 410 words
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485 1982-05-15 4 Reuter SOUTH Korea still seems willing to subordinate export growth to its anti-infla-tion goals, the American Embassy in Seoul said in its economic trends report. South Korea has managed its exchange rate to keep the won relatively stable against the dollar and has LimitedReuter - 485 words
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Article352 1982-05-15 4 AP SOUTH Korean Commerce Minister Suh Suk-Joon, on a visit to Washington, has proposed that his country aid in President Reagan's plan to "reindustrialise" the US by making parts for American industry. He said the American car industry is one for which the Koreans couldAP - 352 words
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Article842 1982-05-15 4 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA0Q5 0145 JFK SPO/HKG Cargolux CV796 1315 LUX/DXB CAL CT331 0350 TPE SIA SQ101 0005 KUL MAS MH67I 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030842 words
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342 1982-05-15 5 Reuter JAPAN yesterday tried to head off a conflict at next month's summit of seven major industrial nations by saying it would announce measures to open up its domestic market to foreign goods before then. At a conference in Saint Symphorien followingReuter - 342 words
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Article394 1982-05-15 5 JAPAN'S economic growth would quicken by 0.06 per cent a year If the US were to lower its official discount rate by 2 per cent, according to a new "world economic model" released by the Japanese Economic Planning Agency (EPA) on Thursday. Analysis based on the econometric394 words
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Article600 1982-05-15 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Anchan 31/2 Leo alongside 15.5.82/0600 Blanche 6/7 Spore Shpg alongside 15.5.82/2300 Gen Franczek Kleeberg 47 Baltic F E alongside 15.5.82/2300 Jamaica Farewell 35/6 Borneo alongside 15.5.82/1500 Kim Soon Li 22 Thong Soon alongside 15.5.82/0700 Ned Bangkok 3/4600 words
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233 1982-05-15 5 WORLD BANK president A W Clausen yesterday said the problems of developing nations, scheduled to be discussed by world economic leaders in Helsinki today, have been aggravated by American aid policies. Clausen, an American, accused the US of causing a crisis in the International Development233 words
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715 1982-05-15 5 AP THE collapse of Braniff International Airlines comes in the midst of an epidemic of business failures unlike anything the US has experienced in nearly a half century. As bad as the situation is today, it may worsen in the next few months withoutAP - 715 words
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Article475 1982-05-15 5 NYT UPI THE chairman of the Civil Aeronautics Board, Dan McKinnon, blamed poor management decisions and the recession (or Braniff International's decision to file for bankruptcy. He said the airline's failure should not be attributed to the government's four-year-old deregulation policy. Many analysts have attributed Braniff's failureNYT; UPI - 475 words
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332 1982-05-15 5 UPI ARGENTINA continues to export its grain crop in spite of its conflict with Britain over the Falkland Islands and has honoured all payments on its foreign debt, a US banking official said. "Argentina is selling its grain to Russia andUPI - 332 words
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224 1982-05-15 5 AP NIPPON Electric Co, a leading Japanese manufacturer of telecommunications and electronic computers, has developed a new material that can effectively absorb high frequency radio waves used in radar and microwave radio communications, the company's spokesman said yesterday. Though the new Ferrite RadioAP - 224 words
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WORLD IN BRIEF
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Article348 1982-05-15 5 Agencies SOUTH Korean Finance Minister Rha Wong-Bae said the country's tax system will be amended to make it more attractive for businessmen to invest their money in their own businesses rather than seek loans. He told the Parliamentary Finance Committee, investigating a multi-million dollar unofficial loan marketAgencies - 348 words
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Page 4 Advertisements
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Advertisement129 1982-05-15 4 Limited copies! POST TODA Y for your copy s* MMii Mail Order Division m IAJ U VViS\N*.*AVV> P.O. Bo* "i Macpherson Post Office Singapbre 9134 1 New Industrial Road Singapore 1953 Please supply copy/copies of (he PHILIPS' ILLUSTRATED ATLAS ai the rales indicated below: NameA Designation Company: MOp.UVI (ill liMir.129 words
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Page 5 Advertisements
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Advertisement520 1982-05-15 5 >$'~"*-/_@!]'?.,~\]/&,",?:=\=+- N you tought in it lived through it-or lust wonder what It was really like. TT NOW FROM y|| SI IJ hi H i n l published! Relive the War years through historic frontline battle photographs behind-the-scenes insights declassified files unforgettable eyewitness accounts authoritative explanations of tactics and technology520 words
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Article416 1982-05-15 6 THE COLLAPSE OF Braniff International Airlines is sure to be greeted with glee by the monopolists at the International Air Transport Association (lata) who see in the demise of an airline the justification for their price-fixing. This is of course utter nonsense. Braniff went416 words
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259 1982-05-15 6 THE SPY industry suffers undue in business circles, involving as it does such attractive offers as the eight-for-one issue announced in West Germany earlier this wĕek, when Moscow sent back eight Western agents in a swop for one of theirs held in South259 words
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Article, Illustration833 1982-05-15 6 TORU NAMIKI - Tsukuba Science City, a planned scientific research community north of Tokyo, will host an international science exposition in 1985. This article describes what the city looks like. By TORU NAMIKI Look Japan TSUKUBA Science City is a modern academic community systematically planned andLook Japan - 833 words
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Article, Illustration668 1982-05-15 6 CHARLES TURPIN - Hever castle rumble before the avalanche? By CHARLES TURPIN Reuter A 700-year old English castle is on sale for US$lB.5 million after years of financial struggle to maintain it, and its fate has reawakened fears that Britain's impressive historic heritage is in danger of being scattered. Originally built in theReuter - 668 words
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Page 6 Miscellaneous
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Miscellaneous666 1982-05-15 6 I I -H-OR CROSSWORD CRYPTIC PUZZLE ACROSS 4 Turn in, bash out, and get rid of! 7 Where to have a snappy interview with the Judge? (2. 6) 8 On TV, has this man eight legs? (6) 10 It's fun, old fellow (5) 13 Shakespeare's last one? (4) 14 To666 words
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Miscellaneous787 1982-05-15 6 tviradio Barefoot doctors in China TAKING care at sae bUUaa peefie'e hnttt cu to prahiem. Bat Cklit dmftfM, with Ita haretsat toton wto literally walk (ram village to village to pvavMe Tto rale ef ttoae health warkera Is diseased la tto (toeameatary Mamma Facea at CUma kOai, Baiy ami Spirit787 words
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Article, Illustration1519 1982-05-15 7 GEOFFREY MURRAY - A new breed of woman is now emerging in Japan to challenge the idea that only men are endowed with inventive talents. For their own protection, thousands of these women have banded together in the Japan Women Inventors Association. Most of the association's members are housewives,PHP - 1,519 words
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Article, Illustration1035 1982-05-15 7 TOM HENEGHAN - By' TOM HENEGHAN Reuter ALMOST every statistic concerned with alcohol be It production, consumption or drink-related deaths has been on the rise around the world in the past 20 years, the World Health Organisation (WHO) says. The increases have been most markedReuter - 1,035 words
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Page 7 Advertisements
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Advertisement112 1982-05-15 7 'i'Anthony Chandor The Penguin Dictionary of MICROPROCESSORS ami >y v hJk 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 context of microprocessors112 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article154 1982-05-15 8 MAY 19 FU abn SO 00 unch Ahokl BJO -0J Akso JOJO -as AMIV 90 JO -ii Amftti r so unch Amrotonk as.n -0.4 Banjo. MM -as Boll 90.00 -as BorsumlJ n so unch Burhflunn 0J CmlAAd SH0 ♦ai C*lv« Delft XIS-TO -as DtM l€tj soo -as Ennlm uoso154 words
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Article218 1982-05-15 8 MAT U fn CORBEILLE Air-Liquid# B 8 N Oarraii Danon* C S r (TboauonCM FrtncUie dtt PctrolM CompagnM Financier* ill im 171 136 ♦8 -1 -a.1 CompagnM OanaraM Credit Foociar D* Franee Hachatte (UmtrM) Machine* Bull MlcbeUn (B) PwlbM PeCMney Clftae 367 464 ajo m is -49 +16 P*U»Ot218 words
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Article76 1982-05-15 8 MAT U r™ FORWARD MARKET Ac*c 446 3 ArtMd ISO 460 -a i uncfc Brmacan no Bru-Lunb 1340 JO Cannae Cock. 10M 1*1 11 -4 Da Dilfl ao DM W Etoctrotwl 000 > 10 uncii Ob-Inno-Bm SN -JO o«* 1W 10 if"" \r -16 U ♦1 4 Soc Cmo76 words
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Article164 1982-05-15 8 MAT U Dm Ma-Tatetuakan M£ -1» SftjOt 4.4 J w °v JO -OJ 00B m 11 tn 30 -0J oo -j turn BBC RMW 30 -13 CilMilt tti JO unch Cham Vana 00 -OJ CoDBtntant OK -1.1 klJO .ij DalmWr-Bctu n&jo n K 00 ■0. Draatrur Bank 90.00 unch164 words
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Article82 1982-05-15 8 Buiofi Bel las MBM •IBM Cantrtto Ord 035 -M Good Acqua Ron KrMknla ■I IM n* -1 -100 rut CM in -u Omirill mm -MO Oin xm M in Mi -M HZ SOB -M lUkaMntl CM 33MB -MB IM%M MB -MB LapMtt Ord MBM IBM -M M -UB -U82 words
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Article107 1982-05-15 8 Reuter NV PHILIPS Gloeilampenfabneken said it expects sales volume to rise 5 to 6 per cent this year and it maintains its earlier forecast of a gradual improvement in profits. In a statement accompanying first-quarter results it said both sales and trading profit developed satisfactorily inReuter - 107 words
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Article175 1982-05-15 8 MAY 11 CI ihlMM 16H 8* Alfoma SI unci) B»nk Moot Bank Norm seou* Ball Tal 20* 21H aoH Beth Corp BP CM Ltd 30 17% -1% .k Camp Bad Ub 14% Can imp Bk 21% HBCl Can par a Canpac In* Pf Carllnf OUaafa Comtnco 7% 41% 1%175 words
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Article252 1982-05-15 8 MAT U Rand INDUSTRIALS A Alpha A barton AX And CI Mi W m unch -4 Atnc -B Bartow* -m Cum# Ptnanea Dt Baan lad Edcoo Edemrs 1M0 unch m w lot M00B unch unch 100 tnrwd; Pad Voik m uncb rvwtt Oardlan OtananJ Oratatnn r» *6 Hippo HIvaM252 words
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Page 8 Advertisements
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Advertisement627 1982-05-15 8 .:=)*@"@[+&=;::._.{@](;\`\(%^]> Where to wine, dine and entertain 14-vj with the American Express Card 1 LM For sushi. For teppanyaki. For other authentically Japanese delights. i I i n ti\s«'ri'dfit "is < 7.W^''o77 V> ciiiiii x I ';irk Sln r:ilr mi .Sin<^;i|>orr J L<§ I 3> y \M\ NUTMEGS offers 10.30627 words
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Advertisement215 1982-05-15 8 30 s This is Thai Seafood at its authentic bast So trash, it could have been alive 15 minutes before coming to your table It was An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Cockpit Hotel Oxlay Rtse'Penang Road. Singapore 0923215 words
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RAW MATERIALS
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Article429 1982-05-15 9 COFFEE: Robusta futures yesterday ended a quiet morning unchanged to slightly steadier, as much as £6 a tonne above Thursday's close in traded position. Dealers said prices traded in a range of about £8 a tonne with little feature in the market. The July contract moved between £1,140429 words
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Article196 1982-05-15 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) C*ttea yam: China Blue Phoenix 20s 2,420 32s 2,935, 40s 3,130 (per bale of 400 lb6). Piece gi«ds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article138 1982-05-15 9 THE Kuala Lumpur crude palm oil market yesterday rose on weekend covering in late moderate trading, dealers said. The rise was also supported by reports of purchases of refined products by the State Trading Corporation (STC) of India. Trading was concentrated in the southern region with May and138 words
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Article335 1982-05-15 9 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 0.65, Special 0.58.335 words
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Article218 1982-05-15 9 SOYBEAN futures in Chicago on Thursday closed at or near the bottom of a nine-US-cent range, down 9 J to 7'/« cents a bushel. Chartists said the market ended technically weak, since prices settled below the July-based $6.67 to |6.66 trend line area. Traders attributed Thursday's weakness mainly to218 words
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Article194 1982-05-15 9 WHEAT futures in Chicago on Thursday retreated from day's highs late to close mostly easier, up one US cent a bushel in spot May to down as much as I'/« cents in other positions. Sympathetic local selling following extended weakness in soybean futures pressured most contracts back to the194 words
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Article1267 1982-05-15 9 NEW YORK STOCKS STOCK PRICES IN New York on Thursday closed lower with the notable exception of the airline stocks, which staged an impressive rally following the news of Braniff's bankruptcy. The Dow Jones industrial average was weak all day and finished down about 6'/j points. Declines1,267 words
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Article79 1982-05-15 9 THE STRAITS tin price in Penang yesterday slipped one cent to M 529.53 a kilo, still within the ITA lower sector of $29.15 and $32.9«. The marginal fall was attributed to the higher disposal of metal, bnt the decline was limited by continued strong support by the buffer79 words
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Article34 1982-05-15 9 Rubber: May 14 Singapore: June: 185.50 cents (up 2.50 cents) Malaysia: June: 208.00 cents (up 2.00 cents) Tin: M 529.53 per kilo (down one cent) Official offering: 302 tonnes (up 26 tonnes)34 words
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Article174 1982-05-15 9 CHINESE Predae* bekugt, Stagapere, mm cMig prim per 1M kg yesterday. Cmmil ell: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $112.00 sellers, new drum fob $116 00 sellers C«fn: Mixed (loose) $50.00 buyers. Pepper: Muntok white pepper fob Asta NLW $362.50 sellers, Sarawak white174 words
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Article549 1982-05-15 9 RUBBER prices in Singapore yesterday closed slightly higher with June One RSS buyers quoted at 185.50 cents per kilo, up 2.50 cents from Thursday's close. In Ksals Lam par, the market ruled firmer with June One RSS buyer closing at 208.00 cents per kilo, up two cents from Thursday's549 words
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291 1982-05-15 9 THE PERIOD saw very quiet conditions and thin turnover after the Inro council decision to lower buffer stock price range by one per cent, HaUtey, Catler, Bath aad Campaay said in its review for the week ended May 13. The May position finally expired291 words
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Article119 1982-05-15 9 NOON 5SR and SMR phew )1»rday HAS SSR20 SSRSO O-ton P*1M (1 -ton pall* (Carraat Ml*) Bayer* 8al)ar< 1) 161.00 162 OON t) 19*00 iao.ooN Jaly (Forward Mtfc) Baym Sallara 162 00 16S00N 180 00 161 OON MULB Jam* Jl *r SMR CV SMR L SMR 5119 words
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Page 9 Advertisements
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Advertisement644 1982-05-15 9 THK OM'K»{KN( K Public- shareholders frequently neglect their authority over the Board <if nil on.,rs anil allow the companies which they have invested m io l*> inn unchecked often the intrigues and personality politics of the boardroom sap the c ompanv s strength. Leadership is an important ingredient of a644 words
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1772 1982-05-15 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number oi shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acmt (2.738) (1)1,772 words
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Article204 1982-05-15 10 SINGAPORE I'NTT TBI ST |Nui|in' prteea i Mr May 11) The Commerce H3xd 3 29*d The Savings Fund 1.79 188 S pore Pros Fund 140 1.47 S pore Sec Fund 2.13 2.2* S pore Invest Fund 1.14 120 S'pore Equity Fund 133 140 tSIA UNIT TB18T (Ma—gw»' prtMi204 words
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Article2952 1982-05-15 10 1982 High Low Coaipaay Last Sale orGr's Div Div Cvr Gr's YHd Net P/E Vol Day COOO) Higk Low SECTION ONE INDUSTRIAL COMMERCIAL 306 233 306 320 141 291 480 328 247 172 246 320 96 199 320 246 Acma Alcom Allied Choc BAT Bata Ben Berjaya2,952 words
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Article1919 1982-05-15 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. DOHIBTBIALB Aleam (32) 1J (2) lH (9) 1.27 xd A Cfcee (21,919 words
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Article47 1982-05-15 10 THE Great Barter* Life Amruee Cempaay Limited: Seventy-fourth AGM to be held at 19th Floor, OCBC Centre, Chulia Street, Singapore on May 20 at 11.30 am. HOTEL Negara Slagapere: Fourteenth AGM to be held at 15 Claymore Drive, Singpaore 9022 on May 21 at noon.47 words
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Article771 1982-05-15 10 THE halllah meed W iavestera waa aflteM b> the preaeacc ef pnflMtken »1 tke Wig» y»y stock market yesterday, aad prim tin qocntly timet mixed to carter. TrMlag wm meder ately active. The Straits Times Mistrial ladex, which had chalked ap aeariy 9 pslats la sevea771 words
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Article580 1982-05-15 10 SHARE prices closed lower across a fairly wide front on the Kuala Lumpur stock market yesterday in less active trading. Losses, however, were generally small to moderate. The easier conditions were noticeable from the early stages of trading and drifted into the afternoon session.580 words
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COMPANY NEWS
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816 1982-05-15 11 Market Talk... INVESTORS have been urged, at least for the time being, to reduce their exposure to the Singapore and Malaysian stock markets, as the downside risk is greater than any upward potential. According to London stockbrokers, Laurence, Prust and Co, the current high816 words
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555 1982-05-15 11 PAHANG Consolidated has dropped earlier-announced plans to develop a holiday resort in the Cameron Highlands. Instead, it now intends to develop condominium flats and shops on its 4.85-hectare land in the Cameron Highlands because of expected higher returns. Pahang Con chairman Tan555 words
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Article402 1982-05-15 11 MINORITY shareholders of George Keat (M) could opt for either the Income alteraatlve or George Kent's longer term pros pec ta 1b deciding whether ta accept the recent cash offer from Johaa Holdings. SOV-Kaaalm Chan Sdn Bhd, adviser* ta the minority shareholders, feels that Johaa's402 words
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1276 1982-05-15 11 TRACEY CHIN - The series on the sogoshoshas this week focuses on C Itoh, ranked third in size among Japanese trading houses following its merger in 1977 with Ataka Co Ltd. C Itoh has been established in Malaysia for more than 20 years. It has participated1,276 words
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ASIAN STOCKS
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Article407 1982-05-15 11 HONGKONG STOCKS IN Hongkong yesterday closed lower although showing some recovery from early losses on late bargain hunting, brokers said. Prices eased initially in line with Wall Street and were overshadowed by signs of firmer interest rates in the US which lessened the likelihood of a cut407 words
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Article449 1982-05-15 11 SHARE prices in Tokyo yesterday fell on profit-taking after Thursday's sharp gain with sentiment discouraged by the yen weakness and the overnight drop on Wall Street, dealers said. The market average shed 27.40 to close at 7,575.81 on a volume of 290 million shares. The Tokyo449 words
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Article306 1982-05-15 11 SHARE prices in Sydney yesterday were marginally lower mainly reflecting profit-taking in resource stocks by London traders ahead of the end of the UK trading account, brokers said. The All-Ordinaries index ended down 0.9 to 519.5. The industrial measure rose 0.4 to 674.2 while the resource marker306 words
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Article168 1982-05-15 11 SHARE prices in Bangkok yesterday closed slightly higher in weak trading which centred on cement stocks, dealers said. The Book Club index rose 0.04 to 91.99 points on a turnover of 7.7 million baht. Jalaprathan Cement gained one baht to 112.50, Siam Cement five to 168 and Siam City168 words
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Page 11 Advertisements
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Advertisement344 1982-05-15 11 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 accumulated344 words
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Article308 1982-05-15 12 IN AN apparent move to reduce further its dependence on the shiprepairing industry, which is facing growing uncertainties, Sembawang Shipyard is diversifying into the field of investments. Yesterday, the group announced that it has incorporated two wholly owned investment subsidiaries called Investments Pte Ltd308 words
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Article780 1982-05-15 12 LONDON, Fri. The market was mixed with a slightly firmer bias today, with the Falklands conflict and end-account factors making for quiet business. At 3pm, the Financial Times index was up 2.4 points at 587.6. Constituent Glaxo closed up 24p at 691, but other leading industrials were mostly780 words
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Article113 1982-05-15 12 AP NEW YORK, Fri. Stocks opened mixed today following a late decline in the previous session. Airline issues, which moved sharply higher in heavy volume yesterday, also were mixed. The Dow Jones average of 30 industrials was off 0.19 points to 858.92 in the first half hour.AP - 113 words
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Chief Price Changes
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Article153 1982-05-15 12 Rises Indices C Sugars Kings 1280 270 30 15 May 13 May 14 H Leong Credit 560 10 BT Indicator: *****5 *****2 Sealion 500 10 ST Industrials 783.77 781.82 Inchcape 227 10 ST Finance: 1813.85 1811.14 Larut Tin Aetna Lingui 270 273 150 10 9 9 ST Hotels: ST153 words
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Article, Illustration165 1982-05-15 12 Rises Indices Premium Larut C Storage Ltd C Sugars Sim Lim S'pura Bldg Loytape Pan-H Matshushita 242 304 440 1390 326 336 190 436 700 32 26 20 20 16 16 10 10 10 BT Index: Industrials: Finance: Hotels: Properties: Tins: rubbers May 13 *****0 932.52 1590.00 610.27165 words
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Article50 1982-05-15 12 FINANCIAL TIMES INDUSTRIALS Thursday 585-2 Wednesday 590.9 Week Ago 576.9 DOW JONES AVERAGE INDUSTRIALS Thursday 859.11 Wednesday 885.77 Week Ago 883.20 H.K.HANG SENG Friday 1361.53 Thursday 1383.85 Week Ago 1368.97 AUSTRALIAN INDUSTRIALS Friday 674.2 Thursday 673.7 Week Ago 661.8 ALL ORDINARIES Friday 519.5 Thursday 520.4 Week Ago 512.750 words
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466 1982-05-15 12 CHOO AI LENG - TAKEOVER OF HWA HONG l jit-y ~Marw By CHOO AI LENG MR ONG Chay Tong, chairman of Hwa Hong Manufacturing, yesterday disclosed his intention to use the company, which he intends to take over, as a vehicle for a backdoor listing of Singapore Piling. It466 words
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Article271 1982-05-15 12 TOWN aad City Properties Ltd has appointed Mr Lee Kim Yew and Mr Hendra Rahardja as chairman and managing director respectively of the company. SABAH Development Bank's US$40 million floating rate notes due 1989 was listed on the Singapore Stock Exchange yesterday. JUNTA Kellas Ha Dreding Co has271 words
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264 1982-05-15 12 MALAYAN United Industries Bhd's proposed merger with the Development and Commercial Bank Ltd (DAC Bank) and Kwong Lee Bank Ltd, has drawn some queries from the Kuala Lumpur Stock Exchange. MUI last week agreed in principle to acquire 37,983,686 ordinary shares (63.3264 words
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251 1982-05-15 12 THE Kuala Lumpur Stock Exchange will be installing a computer costing some $1 million to create an online data base. Business circles view the move as KLSE's way of catching up with the times to cope with the volume of information that requires251 words
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Article793 1982-05-15 12 ■aacsiaa S6KDBCL» by HOCK LOCK SIEW THIS IS the season of annual reports and our Companies Desk has been flooded with dozens of them. Some are near master pieces informative, presentable and colourful. Some are just the yearly run-of-the-mill types looking almost exactly like those of theby HOCK LOCK SIEW - 793 words
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Page 12 Advertisements
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Advertisement325 1982-05-15 12 I Britanmea3 andgiveyourself and your lam the Britannica advantage! 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 tool325 words
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Page 12 Miscellaneous
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Miscellaneous72 1982-05-15 12 WEAT.HER! OUTLOOK for Singapore today: Partly cloudy in the morning with occasional passing showers. Thundery showers in several areas in the afternoon. Fair thereafter. Re pert for 24 hours prior to 7.3# pm on May 14 at the airport: Maximum temperature... 29.8 Associated humidity 71 Minimum temperature 24.5 Associated humidity72 words
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