The Business Times, 26 June 1982
1982-06-26
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The Business Times
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Title Section11 1982-06-26 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JUNE 2«, IK2 60 CENTS11 words
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391 1982-06-26 1 JUNE LIM - By JUNE LIM THE call by the National Trades Union Congress to boycott Australian products is a demonstration of the dangers posed by trade unions which attempt to by-pass established procedures of international relations. Doug Anthony, Australia's Deputy Prime Minister and Minister for391 words
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188 1982-06-26 1 SINGAPORE'S external trade is increasing gradually amid sluggish conditions in the world economy. Its foreign trade for the first five months of this year was $44.39 billion, 5 per cent higher than that for the same period last year. With imports growing at188 words
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543 1982-06-26 1 LEE YOKE MENG - By LEE YOKE MENG LESSORS should seriously look into using insurance as a hedge against any fall in the pre-deter-mined residual values of leased equipment. Mr Michael Ivkovic, managing director of Armco Pacific (Singapore), suggested this yesterday at the question-and-answer session at543 words
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455 1982-06-26 1 ANGELINE TAN - By ANGELINE TAN COMPANIES can count on the Government to help them in training workers and upgrading operations to overcome manpower shortages. Minister for Trade and Industry Dr Tony Tan gave this reassurance yesterday after he explained why the Government has no choice but455 words
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302 1982-06-26 1 NATIONAL Iron, through one of its subsidiaries, is teaming up with a Finnish company to produce prestressed concrete slabs for the local Construction industry. An agreement has been reached between Eastern Industries Pte Ltd and Oy Part ek AB to form Eastern302 words
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BRIEFLY...
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Article69 1982-06-26 1 Reuter AP BEIRUT, Fri. Lebanese Prime Minister Shafiq al-Wazzan, saying Israel's siege of Beirut is putting his government under intolerable pressure, announced today he has submitted his resignation to President Fliag Sarkis. Meanwhile in Tel Aviv, Israeli Defence Minister, Ariel Sharon said the Palestine Liberation Organisation isReuter; AP - 69 words
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Article114 1982-06-26 1 Reuter LONDON, Fri. The US dollar scaled new heights against other major currencies today on nervous foreign exchange markets still uncertain about how high it can go before central banks make a concerted move to knock it down. In Frankfurt, the dollar rose to 2.4907 West GermanReuter - 114 words
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Article122 1982-06-26 1 AP LONDON, Fri. London's subway system was brought to a complete standstill today, stranding L 75 million commuters, after 14,000 train drivers, signalmen and other personnel members were called out on an indefinite strike by the National Union of Railwaymen hours after a stoppage by another railAP - 122 words
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Article67 1982-06-26 1 AP FRANKFURT, Fri. The Soviet Union has forced about 100,000 persons, at least 10,000 of them prison inmates, to help build the controversial Siberian natural gas pipeline to Western Europe. The Frankfurt-based International Society for Human Rights, in saying this, also added mat the Russians plan to completeAP - 67 words
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Article82 1982-06-26 1 Reuter VIENNA, Fri. Opec announced today* that its four-man market monitoring committee will meet in Vienna on July 7 but said nothing about reports that a full session of all 13 Opec oil ministers would follow later the same week. The committee of the ministers of Algeria,Reuter - 82 words
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Article76 1982-06-26 1 AFP BELJING, Fri. China has apparently just built a naval base on the Vietnamese-claimed Paracel Islands, which it has occupied since, 1974. New China News Agency said today that "vast harbour" had been built on an island at the group known as the Xisha in Chinese andAFP - 76 words
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313 1982-06-26 1 LEASING in the construction industry in Singapore is unlikely to thrive in the near future, in spite of the huge financing needs of this sector. There are many major obstacles which have yet to be solved, said Mr Tan Lye Huat, the group313 words
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468 1982-06-26 1 RICHARD SEAH - By RICHARD SEAH EMPLOYERS in Singapore may not be as unified as the National Trades Union Congress, but the unity of the NTUC is restricted to its top leadership. Mr Jack Chia, president of the Singapore National Employers' Federation, made this point468 words
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Page 1 Advertisements
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Advertisement233 1982-06-26 1 Bookshops /_/\":]~<\`<\*{)??`\`.|=^)-$$$* UNLESS the Government makes the transfer of tax benefits easier, big ticket leasing will not have much scope in Singapore Page 2 EMPLOYERS and employees must make conscious and genuine efforts to enforce safety measures Page 3 JAPANESE electronics giants Hitachi and Mitsubishi have vowed to fight charges233 words
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Advertisement58 1982-06-26 1 Worldwide management experience ur F n[ ut «v es u, g<is t The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executives Digest Now available at all bookshops, emporiums naws-stands. Distributed by r?TI FEDERAL PUBLICATIONS fsfol 1 New Industrial Road. SingwxM*58 words
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Advertisement98 1982-06-26 1 s|\u\h >K1 business The money tree Economic relations with the US Chinks in the harbour? Editorial page GRAHD SLAM .fr by USA I w Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear. Keith chooses GRAND SLAM because he cares98 words
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BANKING AND FINANCE
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484 1982-06-26 2 BERNADETTE CHOOI - By BERNADETTE CHOOI UNLESS the government makes the transfer of tax benefits easier, big ticket leasing will not have much scope in Singapore. Mr Hsieh Fu Hua, director of Morgan Grenfell (Asia) said this yesterday at a conference on "Prospects and problems of lease484 words
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Article108 1982-06-26 2 THE Development Bank of Singapore will raise its interest rates for fixed deposits from Monday. The revision applies to all its fixed deposit rates except for for one month which remains unchanged at 9 per cent. The new rates are 9 per cent for 3 months (up108 words
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207 1982-06-26 2 Reater AN OFFSHORE baaklag ceatre may be opeaed la Tekye tram the start of aext fiscal year If a greap of baakers, hreken aad geverameat officials stadyiag the matter eaa reach a consensu* that this Is desirable, a spokesman far the greapReater - 207 words
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334 1982-06-26 2 Reuter AUSTRALIA has moved closer to the deregulated financial system recommended by the Campbell Committee with a series of decisions which Treasurer John Howard described as historic. The major decision taken at a meeting between senior federal government ministers., and state premiers was toReuter - 334 words
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Article474 1982-06-26 2 Reuter THE Swedish crown is over-valued against the West German mark and its strength is weakening Sweden's export competitiveness. Industry Association chief economist Ola Virin said Sweden should consider depreciating the crown by about 10 per cent in relation to the West German mark as a meansReuter - 474 words
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Article1087 1982-06-26 2 THE AMERICAN Treasury, has postponed a US$4 billion four-year note offering until June 29 because of congressional delay in raising the debt ceiling. It will offer |4 billion ef seven-year notes on July 1 to raise new cash, and $9 billion of three- and sht> month bills1,087 words
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382 1982-06-26 2 Reuter MANY bankers in Rome are sceptical about any quick reform of Italy's banking system, in spite of the impetus given to measures proposed by the government after the crisis at Banco Ambrosia no caused by the unexplained death of the bank's head,Reuter - 382 words
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175 1982-06-26 2 THE Singapore branch of Mitsubishi Bank has issued a US$3O million floating rate certificate of deposit (FRCD) in the Asian dollar market. The five-year issue came hot on the heels of another FRCD, totalling $20 million, announced by the Singapore branch of another Japanese bank,175 words
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MONEY AND EXCHANGE$
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Article494 1982-06-26 2 THE local foreign exchange market remained quiet yesterday though there were some commercial selling of the US dollar against the Singapore currency in the late afternoon. Generally, the dollar closed firm against other major currencies due to firmer US interest rates. Against the local currency, the dollar opened494 words
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Article159 1982-06-26 2 THE dollar for overnight delivery yesterday closed firmer at 257.15 yen after opening at 256.50, with the Bank of Japan intervening on a small scale. This was well above the 256.00/15 finish in New York and sharply higher than the 253.75 close in Tokyo on Thursday. Trading volume was159 words
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Article22 1982-06-26 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 11.06 per cent.22 words
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Article193 1982-06-26 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on June 25: US Dollar*(Spot) Offer Hid 7 days 15 7/16 15 5/16 1 month IS 15/16 15 13/16 2 months 16 5/16 16 3/16 3 months 1611/16 16 9/16 6 months 16* 16* 9 months 16* 16Vi 12 months193 words
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Article46 1982-06-26 2 RANGE of price* often id by di»count houses on June 25: Overnight: 4* Call deposits 4W Closing B«yiM Selliaf 3-month Treasury bills 4 3 7 t 3-month Bank bills 99/16 97/16 3 months CD 9* 9M 6 months CD 9H M Source: National Discount Co46 words
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Article50 1982-06-26 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 28 to July 2: Offered: $130,000,000 Applied for: $228,000,000. Alfctted: $130,000,000. Accepted Ms: $99.02 approximately 46 per cent higher bids in full. Average rate af dfoeeaat m allotment: 3.915 per cent per annum.50 words
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Article302 1982-06-26 2 GOLD futures in Singapore yesterday closed easier compared with overnight levels after fluctuatiang marginally throughout the session in generally light trading, dealers said. Total sales for the day, including kerbs, was 297 lots. Prompt closed easier at US$3O4 306 an ounce against $313.10/314.10 on Thursday, August at $309.20/309.40 against302 words
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Article36 1982-06-26 2 New York 5.15B S.21B 5.22S 5 28S Zurich 5 238 5.13B 5.33S 5 23S Fri Than Singapore 5 106 5.18B 5.20S 5.28S Closing prices in US dollars a troy ounce. Source: Credit Suisse, S'pore36 words
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Article227 1982-06-26 2 GAINS of up to 5/16 percentage points in Eurodollar deposit rates yesterday drove the dollar sharply above its closing levels overnight in New York. Dealers said the attraction of holding dollars was reinforced when Six Months deposit rates were indicated at around 17 per cent in early trading. They227 words
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Page 2 Advertisements
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Advertisement579 1982-06-26 2 APPOINTMENT A growing full service branch of a foreign bank seeks the services of a person who has strong credit and marketing experience to be appointed as: BUSINESS DEVELOPMENT OFFICER The position offers definite prospects for advancement and challenge for a careerminded individual with an international bank sensitive to individual579 words
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TRADE AND INDUSTRY
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373 1982-06-26 3 WONG MAI YUN - By WONG MAI YUN LEGISLATION alone cannot reduce or prevent accidents. Employers and employees must make conscious and genuine efforts to enforce safety measures. The Minister of State for Labour and chairman of the National Productivity Board, Dr Wong Kwei Cheong, said that373 words
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399 1982-06-26 3 THE newly-opened St Mark's International Hospital is expanding and upgrading its services. In July, the 150-bed hospital which opened in March this year, will offer openheart surgery as an additional service. It will be the second private hospital after Mount Elizabeth Hospital to399 words
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325 1982-06-26 3 THE GROWING Asean economies can support three world-size ethylene plants, including Singapore's 300,000 tonne plant by 1990. This is the view of Marvin Mulligan, vice-president of Exxon Chemical Asia Pacific. According to Mr Mulligan, who spoke at a seminar in Hongkong recently, a world-size325 words
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207 1982-06-26 3 ABOUT nine out of every 10 permanent disablement accidents in factories last year were caused by machinery. Out of the total 200 permanent disablement accidents, 13 were caused by falling objects. Another seven persons were disabled in falling accidents. These statistics were disclosed by Mr207 words
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196 1982-06-26 3 THE Bukit Batok New Town will have 26,000 flats to house a projected population of 130,000. The Housing and Development Board said yesterday it expects to complete these units by 1965. The town will occupy an area of 750 hectares but only196 words
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Article89 1982-06-26 3 MR GakrM Cfcaa has been appointed general manager of Robin Information Systems (RlS)in Singapore, managing director Holon Wong announced. Mr Chan has been the systems manager in the company since April last year. In his new position, Mr Chan will be responsible for the company's daily operations,89 words
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Page 3 Advertisements
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Advertisement1271 1982-06-26 3 SING INVESTMENTS FINANCE LIMITED (bcvpvaM to Mm ttf hppn) AND ITS SUBSIDIARY COMPANY BALANCE FIXED ASSETS LEASED EQUIPMENT MVESTMENTS CURRENT ASSETS Statutory depovts with the Monetary Authority of Singapore Loans and advances Debtors, deposits and prepayments Deposits with financial institutions Cash and deposits at banks and in hand Less: CURRENT1,271 words
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OVERSEAS
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423 1982-06-26 4 AP AFTER wrapping up a war against Argentina across 12,800 km of ocean in 12 weeks. Britain was buffeted on Thursday by doorstep militancy from hospital workers, railwaymen and miners. Voicing grievances over pay and economy cutbacks, union chiefs commanding nearly 1.5 millionAP - 423 words
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Article801 1982-06-26 4 UPI AP JAPANESE electronics giants Hitachi and Mitsubishi have vowed to fight charges that they knowingly purchased computer secrets stolen from IBM and one of the companies accused the FBI of cheating its employees. Both companies, while admitting their employees bought the material stolenUPI; AP - 801 words
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325 1982-06-26 4 Reuter THE toaihMt mutetory pniietiw eats ever lmpaaed ea the em■■■ market steel ladastry were aanaaaced yesterday by the EEC cMnmlMtea far the third qaarter af this year. The rimml—tea la Brassels said aader Its pawers ta regulate the ladastry at a timeReuter - 325 words
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547 1982-06-26 4 Reuter UPI WEST German Chancellor Helmut Schmidt, in emphasising European concern over the latest US economic sanctions against Moscow, has warned that an EastWest trade confrontation could start a new Cold War. Schmidt on Thursday said Bonn and its European allies hopeReuter; UPI - 547 words
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395 1982-06-26 4 THE International Monetary Fund has approved credit worth U5563.83 million to refinance Malaysia's contributions to the existing tin buffer stock operated under the fifth agreement. Under the provisions of the IMF buffer stock financing facility, member countries facing balance of payments difficulties may request395 words
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Article431 1982-06-26 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Kim Soon LI 22 Thong Soon alongside 26.6.82/0700 Lady Bird 6/7 Spore Shpg alongside 26.6.82/1800 Mando V 15/6 Aru Shpg alongside 26.6.82/0400 Auby 20 SSPL 26.6.82/1500 27.6.82/0700 Equator 22 Thong Soon 26.6.82/0700 27.6.82/0700 Falrstar 47 Boustead 26.6.82/0900431 words
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425 1982-06-26 5 NYT ARGENTINIAN Foreign Minister Nicanor Costa Mendez said it would be up to the next government to decide whether Argentina should declare a formal end to the hostilities with Britain in the South Atlantic. He did not say why the decision should await theNYT - 425 words
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WORLD IN BRIEF
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Article431 1982-06-26 5 A CONFIDENCE trickster has swindled the Perth Mint in Western Australia out of gold bullion worth A 5650,000 in an elaborate scheme, police said yesterday. The thief, who had several accomplices, used four security firms and an employment agency. He was also believed to have spent several431 words
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Article764 1982-06-26 5 ARRIVALS Service Local Operator Number Time From MAS MH15A 0020 KUL PAA PA005 0025 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC NRT/TPE/KUL CAL CI331 0350 TPE SIA SQ101 0605 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SU SQ201 1030764 words
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824 1982-06-26 5 Reuter UPI AMERICAN executives are largely to blame for losing domestic markets to Japanese goods. Aldo Morita, chairman and co-founder of Sony Corporation, said in New York yesterday that Japanese businesses did not "invade" American markets but rather filled a void American goodsReuter; UPI - 824 words
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167 1982-06-26 5 JAPAN will try to develop a fifth generation of computers by itself, rather than with other major industrial countries as originally planned. The Japanese Ministry for International Trade and Industry announced yesterday that the change of policy is intended to avoid the167 words
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246 1982-06-26 5 Reuter A UNTIED Nations Conference in Acapulco on the eradication of world hunger ended yesterday by recommending further study of a plan to create a grain reserve for poor countries. Thirty-six national delegations endorsed the conference's final conclusions asking UN World FoodReuter - 246 words
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248 1982-06-26 5 AFP THE Phnom Penh government of Heng Samrin yesterday hinted broadly in a Foreign Ministry statement that it may use military force to smash the newlyformed tripartite anti-Viet-namese coalition Cambodian government. The statement, carried by the Cambodian news agency SPK, said theAFP - 248 words
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216 1982-06-26 5 AP THE Reagan Administration is expected to propose to Congress within the coming three months, more sales of possibly 50 to 80 FSE jet fighters to Taiwan after the current contract expires in June 1963. As a result, the relationship between theAP - 216 words
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Page 4 Advertisements
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Advertisement571 1982-06-26 4 z o < 2 W c/: w go H OS U) H O Z H a g s z 0< S Z < tf Cd S W PS o Ph < o 2 KH C/ 2 .4 w H 0 K < h-3 1 M 0 z < X c/:571 words
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Page 5 Advertisements
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Advertisement877 1982-06-26 5 RAINIER NATIONAL BANK AND SUBSIDIARIES (Incorporated with Limited Liability in the United States of America) CONSOLIDATED BALANCE SHEET, 31st DECEMBER, 1981 December 31 Assets Cash and Due from Banks Due from Banks, Time Federal Funds Sold and Securities Purchased Under Agreements to Resell Investment Securities: U.S. Treasury U.S. Government Agencies877 words
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Article398 1982-06-26 6 THE STATEMENT by Doug Anthony, Australia's deputy Prime Minister and Minister for Trade, on the Pacific Viking dispute is to be applauded. He says the call by the NTUC for a boycott of Australian goods raises issues that are a matter for concern. Absolutely correct. He398 words
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Article270 1982-06-26 6 HAVING MONEY is not important. What really matters is knowing how to get it. Large public and private development projects, particularly the MRT, offers opportunities for small companies to become big and large corporations to become giant conglomerates. Exceptionally large and long-term projects like the270 words
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Article, Illustration1064 1982-06-26 6 ROBERT COTTRELL - Club run by a charmed circle of powerful men ROBERT COTTRELL seeks the truth behind the old saying that Hongkong is run by 'the Jockey Club, Jardine, Matheson, the Bank and the Governor in that order.' ROBERT COTTRELL FT IT IS one of theFT - 1,064 words
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618 1982-06-26 6 PATRICK MENEY - By PATRICK MENEY AFP FUNERALS have a doien (aces In the Soviet Union. They are plain in Moocow, sumptuous in Georgia, Catholic in Lithuania, Muslim in central Asia and Icy in Siberia. Take a funeral in the Soviet capital as an example.AFP - 618 words
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Page 6 Miscellaneous
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Miscellaneous679 1982-06-26 6 TVO-11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 4 This business is a bit crafty, but honest (6) 7 Land in prison (8) 8 Confections we get in sets (6) 10 Not quite a stone villa (5) 13 Possibly tin sword? (4) 14 Deceiver coming to a familiar end (4) 15 Call for679 words
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Miscellaneous882 1982-06-26 6 TiVICTRWErra SINGAPORE 5 soccer fans SOCCER faaa should stay by their television sets In the altera—. They will he treated to an bright into the 1182 Wurld Cap in Spain In lie Game of the Ceatary (Ch 5, 4.M pm). They eaa alne catch the lecal team in action. The882 words
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American fast food invasion
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Article, Illustration663 1982-06-26 7 SUSAN ROBINSON - IN KUALA LUMPUR: By SUSAN ROBINSON UPI IT'S Friday lunch time on Kuala Lumpur's bustling Batu Road. Malay women in tightfitting floral kebaya blouses and hip-hugging split skirts elbow their way into the candy-striped interior of a Kentucky Fried Chicken restaurant. They stand by aUPI - 663 words
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Article664 1982-06-26 7 ALINE MOSBY - IN PARIS: By ALINE MOSBY UPI SO THIS is Paris? Hamburger joints blaring rock music and mustard smells, frozen french fries and factory chickens in restaurants, wine in paper cartons. "It's Waterloo all over again!" The disgusted food critic of the prestigious newspaper LeUPI - 664 words
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Article, Illustration877 1982-06-26 7 ANDRES OPPENHEIMER - By ANDRES OPPENHEIMER AP CUBAN radio stations give prominent exposure to Soviet and East German singers. But when a masscirculation magazine did a survey of the most popular foreign singer in Havana, the winner was an American, Barbra Streisand. Officials in Cuba readily admitAP - 877 words
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Page 7 Advertisements
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Advertisement298 1982-06-26 7 Mathematics and Statistics in Penguins 'V tHE-CRERUVE OFEQttULRTORS 'l MARTIN GARDNER Mathematical Circus e X f xr V < MATHEMATICAL CIRCUS Martin Gardner Breathe deep! It is you who will perform the feats in Mathematical Circus, with puzzles, paradoxes, games and entertainments to suit all levels of mathematical mastery. Discover298 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article236 1982-06-26 8 JUNE M Pti CORBEILLE Alr-Uqukte B 8 N Ocmla Danone C SF (ThomaonCle Prmnc&lae dee PMrotea Compagnle 400 1303 132. TO -ft -34 -13 133J0 -U Comoacnle Oenermle Credit Foncler De France Hachette (Llbralrte). MmMm Bull Mlchelln (B) Partbas Pechlney Clflne Kuhlmann Peuaaot Pnulpa (N» Oem Bolt).. Prlntempe 8236 words
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Article185 1982-06-26 8 JUHK M Francs Actions Bull—■ xa •ft Aluaulaae Br no 5 Alusuisse Ref Brown Bovcti Br. m mo •1 unch Clba Oelfj Br. 1MB unch Clba Oelfj P C an Ota OelfJ Rk Credit Bullae Br ss 1«0 4-T -M Credit 8ulsae Ref 316 unch Dektrowatt Br. aoo -30185 words
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Article87 1982-06-26 8 JUNK 34 rr* ♦/i FORWARD MARKET A** 483 -i Artoed IIS JB Asttir 338 S Brmacmn to 40 Bru-Lamb IMS l» Canute IMS Cock Dc Beers 146 190 uncb unch KUctrotel Ob-Inno-Bm HZ 4140 3830 >30 40 >36 Ocv 1750 >70 Hobok 3000 >30 Petro 4006 >15 R]i Dutch87 words
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Article158 1982-06-26 8 JUNE M Dm Aaa-Titefunkra XL30 +0« Akan AIU Ltbtn Alls Van BASF llftJO 01 Bay H T Wbank Bay Vtmnk Bayer 106.00 -4.9 BBC BMW ***** 0J Caaella Chem Vcrw I Commerebank Conti Oumml 134-90B MJ0 1J □aimler-Bani DafUMt at jo 1J Dnu| HZ is oo 3 DeuUcbc Bank158 words
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Article147 1982-06-26 8 ARN Ml KB 4.1 Ahold 79.10 1J Akan AMTV Amfu MO +0J SSJO 1J tim -at Aoiotat 53"" •JO +1.2 MJO HI B—l| 56-00 -0J MM Burhmann sua +i Calanrf ■JO +0.4 Calwe n^ft injo -oj Dall Ml] 70 JO +2 Knnla 120-00 +0J Pokkar Pnnl Quioi MMrt -2147 words
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Article66 1982-06-26 8 Lin 100JS Rrl Central* OrtJ Cond Arquji Roma Erldanla rut nrrt ***** 2315 138 MOO IKK *****0 nim MS Ifl Prto Italcemenu Ord 2300 «nn Italcu m Lepetlt Orxl moo Mediobanca II llano Aa CM MM0 ***** Mondadori Prl* Montedison OMveUl Ord Pirelli And C MOO MM 2380 221966 words
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Article200 1982-06-26 8 JUNE at C9 AblUbl lft H .It Ale An 22 Alfoaia St Bank Moot Bank Not* ScoUa Bell T»l It SI IS H \k -H H BeLh Corp BP Can Ltd S4 -H Camp Rad Lake Can Imp Bk u* IS unch •14 SI Culpac In* Pf Carunf OlCeefe200 words
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Article284 1982-06-26 8 JUNE M Rand INDUSTRIALS Alp*.. HO -5 Abercom 230 10 A* And CI 600 unch AlilC 1S7&B Btrlovi no 10 C* Sunr iaoo unch rti* MOB unci) Currte Finance 106 unch D* Been lad Ed con Edcan 0000 unch '.1— mm rufit ttB Omidtan Olentnl Ormtemn 125 ♦5 Hippo284 words
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Page 8 Advertisements
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Advertisement230 1982-06-26 8 Where to wine, dine and entertain with the American Expresl Cant I "'-'Tkotw* The true Singapore flavour Our popular Nonya Buffet V Luncheon at a special price. With tongue wEU&r just to name a few. Take your pick, it's great food, going for a song! Come from 12 noon to230 words
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Advertisement136 1982-06-26 8 T JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Ofvn 12 Moon 'A p m f > Af 10 A() > m hor reservations coil *****77 d\® C < I *:u*k Slu>r:i(oii Sii><»■■«■ H:t Si'tcjcitK"'." I 02 f j T»? Oi>".i'» j, J hv ANA HOTELS !f\iTERNATIC)NAL136 words
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Advertisement314 1982-06-26 8 [::-"~(+*$'''/;(">{&[\]`/+&-%&~ The perfect end to a romantic drive. I IVI nri K I S I I K I Die M.\i eentlv lap» the palm-tTinued *hore. ttoureamvillaeac as< ado- amidst a run of greencrC. 71 ie air i>- heave with th i' M.ent of [vrfumed flowerv Soft, romantic miMi surrounds von314 words
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Advertisement179 1982-06-26 8 When you dine, dine Cantonese. 3H« If pleasinjr your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The staffe is set for an evening to179 words
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Advertisement95 1982-06-26 8 Itfc as good as going to Bangkok. 7T This is Thai Seafood at its authentic best So fresh, 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 wocMpn95 words
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RAW MATERIALS
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Article214 1982-06-26 9 RUBBER prices in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 183.25 cents a kilo, up 0.75 cents from Thursday's close. Morning prices were marked up slightly on higher London advices but turned idle in subsequent trading on lack of buying support. Afternoon prices were214 words
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Article315 1982-06-26 9 RAS prices In cents per kilo yesterday: Close Noon (per kilo) (per kilo) Buyers Sellers Buyers Sellers lilt. 1 R.S.S. prompt f.o.b. 181.50 182.50N 181.50 182.50N Int. 1 R.S.S. July 183.25 183.75 183.25 183.75 Int. 1 R.S.S. August 184.25 184.75 184.25 184.75 Int. 2 R.S.S. 172.50 174.50N 172.50315 words
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Article103 1982-06-26 9 NOON SSR and SMR price* yesterday: RAS July Auau*t (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* SSR 20 (1-ton pallet 1 161.50 162.50N 162.50 163.50N SSR SO (1-ton pallet) 159.00 160.00N 160.00 161.00N MRELB July Aufail SMR CV (1-ton |all*t) 2C5.50 207.50N 207.50 209.50N SMR t.103 words
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Article62 1982-06-26 9 THE STRAITS TIN price in Pen&ng yesterday remained at the ITA floor price of M 529.15 a kilo (or the ninth day running. The buffer stock manager maintained strong support accounting (or most oi the turnover. Turnover remained high on (urther presence o( foreign ore, although it eased62 words
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Article32 1982-06-26 9 Rubber: June 25 Singapore: July: 183.25 cents (up 0.75 cent) Malaysia: July: 203.75 cents (up 0.25 cent) Tin: M 529.15 per kilo (unchanged) Official offering: 326 tonnes (down 39 tonnes)32 words
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Article88 1982-06-26 9 THE Malaysian Minister of Finance has fixed these rates for the period from June 24 until further notice: Robber: 205 Vi cents a kilo for RSS One; Capra: M 5549.17 a tonne; Palm kernel: $955.75 a tonne; White pepper: $3,058.00 a tonne; Black pepper: $2,163.33 a tonne;88 words
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Article1295 1982-06-26 9 NEW YORK STOCKS WEAKNESS in the bond market caused stocks in New York on Thursday to close mixed despite posting gains most of the day. The Dow Jones industrial average rose more than six points during the day but then weakened in the afternoon and closed off1,295 words
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Article853 1982-06-26 9 COFFEE: Robusta futures were slightly easier at midday, between £10 and Lone a tonne below Thursday's close in traded positions. Dealers said at the end of the session prices steadied slightly from mid-morning lows reached on some scattered trade house selling. Prices are expected to continue to attract853 words
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Article126 1982-06-26 9 The Kuala Lumpur crude palm oil market yesterday closed easier on further selling in moderate trading, dealers said. June in the central fell Ms2o to $800 a tonne while in July central dropped $10 to $800 and south $5 to $806. In August central lost $20 to $790126 words
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Article175 1982-06-26 9 CHINESE Pradsee Exchange, Singapore, aooa Hoeing prices per IN kg yesterday. Coconut oil: Bulk fob JIOQ.OO sellers, old drum (in second hand drum) fob 1112.00 sellers, new drum fob $116.00 sellers. Copra: Mixed (loose) $55.00 buyers. Pepper: Muntok white pepper fob Asta NLW $345.00 sellers, Sarawak white pepper175 words
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Article198 1982-06-26 9 YARN and cotton prices were quoted as follows in Hongkong on June 24. (In HK dollars, spot ex-go-down) Cottoa yam: China Blue Phoenix 20s 2,335; 32s 2,910, 40s 3,110 (per bale of 400 lbs). Piece goods: China Butterfly and Globe brand unq; Dragon Head unq Five Lambs unq; Flower198 words
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Article309 1982-06-26 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.10, 100 per cent second class 0.90, 100 per cent third class 0.82, 25 per cent new crop no stock, B-10 per cent 0.81. THAI BROKEN: A-super 0.65, Special 0.58.309 words
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Article171 1982-06-26 9 WHEAT futures in Chicago on Thursday closed firm, up two UScents a bushel in nearbys to off one in thinly traded distant July. A strong Kansas City market due to harvest delays and possible damage from heavy rains in the southwest kept nearbys firm relative to deferreds, traders said.171 words
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Article190 1982-06-26 9 SOYBEAN futures in Chicago on Thursday closed on a weak note in sympathy with easiness in com, down three to 5 1 2 US-cents a bushel with July posting a six-cent range. Commission house and professional buying pushed prices to early highs, traders said. However, futures eased steadily from190 words
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Article367 1982-06-26 9 MALAYSIA is pressing ahead with its "dynamic production policy" for natural rubber with positive signs that the market for rubber will recover in the next few years. Primary Industries Minister Datuk Leong Khee Seong, gave this assurance in Kuala Lumpur yesterday following the briefing he367 words
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Article126 1982-06-26 9 Reuter THE rubber association of Indonesia, Gakpindo, will shortly become an associate member of the Malaysia Rubber Exchange (MRE), after formal approval by the board next month. Malaysian Primary Industries Minister, Leong Khee Seong, yesterday told a news conference this move would allow Indonesia toReuter - 126 words
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260 1982-06-26 9 THE week saw a gradual decline of some 3Vj cents following stale bull liquidation in dreary and featureless conditions. Despite some movement in London, the market appeared grounded and inelastic Hellday, Cutler, Bath and Company said in its review for the week ended June260 words
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Page 9 Advertisements
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Advertisement172 1982-06-26 9 Here's Real Value for your Money! Buy a copy of Penguin's "The Art of Japanese Management" and get this month's World Executive's Digest absolutely FREE!^^ THE .art i \«*V The Art of Japanese Management has been a tremendous success in America and Britain, and the fresh and thought-provoking theories presented172 words
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1420 1982-06-26 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (3.068 3.108)1,420 words
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Article200 1982-06-26 10 SINGAPORE I'NTT TKl'ST DIAMOND MOT 8TOKE (MftiAftn* pfteH i tar Jue 28) (Ma—aw' prices tar Js»e 11A The Commerce 2.73 2.87zd The Savings Fund 1.55 1.63 Diamond S pore Prog Fund 123 1.29 Spore Fd (USJ) 0.S6 060 S pore Sec. Fund 1.88 1.97 m 1.30 S pore200 words
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Article2856 1982-06-26 10 Gr*» Gr's Net 1982 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- CVr COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 350 247 Aetna 310cd unch 21.7 0.8 7.0 30.0 5 310 308 Alcorn 115 3.7 05 3.2 95.8 233 172 Allied Choc2,856 words
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Article1459 1982-06-26 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS Arm* (3.385) (1) 3.38 xd I|i (2.888 3.005) Aleaai (I.ICS) (7)1,459 words
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Article219 1982-06-26 10 C.K. Tang Limited: Twentysecond AGM to be held at the Camellia Room, Dynasty Hotel, 320, Orchard Road, Singapore 0923 on June 26 at noon. GENTING Berhad: AGM and EGM to be held at the Theatrette, Ground Floor of Bangunan MIDF, 195A, Jalan Pekeliling, Kuala Lumpur on June 26.219 words
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920 1982-06-26 10 A LATE re tar* of baying Interest cm pled with uot short-covering activities yesterday enabled the Singapore stock market to close the week aa a positive nate. Taking centre stage was baak heavyweight aad market leader, OCBC which was the mast actively traded counter.920 words
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Article479 1982-06-26 10 SHARES had a very quiet session at the Kuala Lumpur stock market yesterday and except for a handful of selected counters, there was little noticeable interest. Aside from situational stocks such as Lien Hoe Industries, SMI and Gadek, there was little play in the rest479 words
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COMPANY NEWS
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1595 1982-06-26 11 NAJEEB JARHOM - Market Talk... By NAJEEB JARHOM THE Singapore and Malaysian economies are well poised to steam ahead when the world recovers from its current recession. But for the current year, slower growth is expected for both economies as the severity of the effects of the1,595 words
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ASIAN STOCKS
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Article432 1982-06-26 11 SHARE prices yesterday moved higher on balance, led by resources stocks, brokers said. The All Ordinaries index rose 1.6 points to 466.5, with gold and oil stocks showing the best advances. BHP gained two cents at A 57.06, CRA added 10 at $2.75, WMC was eight432 words
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Article466 1982-06-26 11 SHARE prices yesterday rose sharply on light bargain hunting over a broad front, with sentiment encouraged by a partial recovery of Hitachi and Mitsubishi Elec stocks after losses shown over the past two days due to a computer spy case involving their employees. The market average466 words
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Article118 1982-06-26 11 THE market yesterday closed mixed as oils, commercial and industrial issues firmed but minings eased, brokers said. Turnover fell to 1.6 million from 1.9 million pesos on Thursday. JUNK S Peaoe It Phil Hldfi ACOt* Wining jane tu qiwh Anfk) Phil Apex Mining B ALiu Con JOB litlt unch118 words
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Article151 1982-06-26 11 SHARE prices yesterday closed slightly higher in thin trading, dealers said. The Book Club index rose 0.26 point to 92.89 on turnover of 7.2 million baht. Bangkok Bank rose two to 210, Jalaprathan Cement two to 121.50 and Siam Credit and Siam Cement one each to 59.50 and 183151 words
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Article394 1982-06-26 11 NEGRI SemMlaa 0(1 Palms BM (NSOP) to expected to maintain gmp profit at the previous year's level, aeMriiag to ehalrmaa Geh Tjoel Kok to his latest aui al review. NBOP had earlier reported a pup pre-tax pnflt tor the year eaded Dee SI, 1181 sf394 words
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Article, Illustration755 1982-06-26 11 GOLD Coin Ltd is strengthening its position as the largest feedmill group in this region with two new mills under construction and another two on the drawing board. Together with the six mills already in operation, Gold Coin will, by 1963, have a combined755 words
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Article129 1982-06-26 11 HONG Leeng Finance Ltd has announced that at its annual general meeting on June 15, shareholders passed a resolution giving directors the power to issue shares not exceeding 10 per cent of the issued share capital of the company. HARIMAU Investments Ltd has announced that its net tangible129 words
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Article904 1982-06-26 11 Carnal Ez Beeka Date Ta4al far Tatal far Pay meat Date Qaae Payable tke year Prevleaa year Aeaaa 5% Jun 30 Jul 7 Jul 21 21.7% 14.5%(a) BSemhtwuf 35%(f) Jul 23 Jul 30 Aug 16 35% 20% Ball Ki«u 5%I Jun 8 Jun 18 Jul 12 5% 20%904 words
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Article308 1982-06-26 11 JOHAN Holdings Bhd, taking in the results of newlyacquired George Kent (M> for the first time, has turned in an audited group pre-tax profit for the period ended Jan 31, 1982 of M 52.97 million on a turnover of $47.11 million. As this is the308 words
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Page 11 Advertisements
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Advertisement0 1982-06-26 11 >&!]]&&>$'&'!^^+'{%</;@_&%-)_'{0 words
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Chief Price Changes
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Article156 1982-06-26 12 Rises Indices C Sugars O C B C 1090 835 70 25 June24 JuneS H Le-)if Fin 715 15 BT Indicator: *****5 *****0 C C 297 11 ST Industrials: 897.64 699.89 Metro Hldgs Nat Iron 710 5S6 444 10 10 10 8 ST Finance: 1702.75 1697.06 Isetan 'ST Hotels:156 words
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Article, Illustration162 1982-06-26 12 Rises Indices A Hi tarn 700 100 Esso Ord 665 +25 June24 June25 SMInd 326 20 BT Index: *****9 *****0 M Box 400 20 Industrials: 848.73 851.49 Gadek 255 15 Finance: 1488.47 1493.49 N Iron 640 15 Hotels: 607.67 607.67 Berjuntai 665 15 Properties: 796.84 792.34 OCBC 900162 words
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Article49 1982-06-26 12 FINANCIAL TIMES Friday closed INDUSTRIALS Thursday 1279.62 Thursday 554.2 Wednesday 555.9 Week Ago 1305.38 AUSTRALIAN Week Ago 559.4 INDUSTRIALS DOW JONES AVERAGE Friday 828.0 INDUSTRIALS Thursday 829.0 Week Ago 837.0 Thursday 810.41 Wednesday 813.17 ALL ORDINARIES Week Ago 791.48 H.K.HANG SENG Thursday 484 9 Week Ago 469.649 words
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Article568 1982-06-26 12 ALAN LEE - ■Hill Companies Editor: Mano Sabnani By ALAN LEE MALAYSIAN Tobacco Co Bhd (MTC), the largest cigarette manufacturer in Malaysia, is experiencing, for the first time in many years, a slower rate of growth in earnings and sales. For the six months ended March 31, 1962,568 words
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Article, Illustration1020 1982-06-26 12 EBEHIS JMOTM NYT IN HONGKONG, where making money is a national pastime, nothing is more applauded than a consummate deal, and no individual is more revered than the businessman who can make one. Most revered of all is Fug King Hey, an immigrant from China. WidelyNYT - 1,020 words
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Article259 1982-06-26 12 SIOW LI SEN - By SIOW LI SEN MALAYSIAN Resources Corp Bhd has agreed in principle to acquire the entire issued and paid-up capital of Sunrise Properties Sdn Bhd for Ms 2 million cash. The cash payment for this acquisition is a departure from Malaysian Resources' past policy of issuing new259 words
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145 1982-06-26 12 C C Bintang buys M$5.8 property CYCLE k Carriage Bintang Bhd is buying a piece of land and building near the Batu Caves in Kuala Lumpur for MJS.B million cash. In a brief announcement yesterday, the company said it has entered into an agreement with Syarikat Asphalt k Kim La145 words
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LATEST
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Article138 1982-06-26 12 FRASER Neave has aaaaced a rwiMiliii pretax praflt at tsriM milltoe far Ike year mM Marefe SI, IK, i per eeat Hghfr thaa the year Mere. Taraever reee 11.2 per eeat te ttti.il mllliea (Will mllliea prevtw). Tie eempaay kaa reeemmmM a Deal «IvVeai af 17 eeate per ateek aatt138 words
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201 1982-06-26 12 ASSOCIATED Plastics Industries Bhd (API) has called off its proposed property development in Johore Bahru because profits from the project could not be accrued to the company in the year of acquisition. In a letter to the Kuala Lumpur Stock Exchange, API explained201 words
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Article40 1982-06-26 12 HARIMAU Investments Ltd has announced that its net tangible assets per share was $1.26 per share as at May 31. Assuming full conversion of the loan stock, Harimau's NTA per ordinary share would be $1.20 as at May 31.40 words
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Article829 1982-06-26 12 LONDON, ri. Share prices ended lower today, reflecting the prospect of a rail strike due to start on Monday and other labour unrest, dealers said. At 3pm, the Financial Tiroes index was 5.6 points off at 548.6. Government bonds fell as much as half a point, with the829 words
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Article96 1982-06-26 12 AP NEW YORK, Fri. Stocks opened slightly lower today, extending the late drop in yesterday's session. Losers Jumped to a 3-to-2 edge over gainers on the New York Stock Exchange, whose 15 most-active issues included 10 declines. The Dow Jones average oI 30 industrials, which had aAP - 96 words
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Page 12 Advertisements
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Advertisement317 1982-06-26 12 VOGUE GUIDE TO HAIR CARE FELICITY CLARK Written by the Beauty Editor of Vogue, it is a blueprint for day-to-day care of a vital and precious commodity. Felicity Clark shows you where it is most vulnerable, when to get expert advice, analyses facial types, describes proper cleansing, freshening and moisturizing317 words
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Page 12 Miscellaneous
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Miscellaneous55 1982-06-26 12 OUTLOOK for Singapore today: Fair and warm. Report for 24 hears prior to 7 .St pm on Jute 25 At the airport: Maximum temperature 32.5 Associated humidity 63 Minimum *emperature 26.2 Associated humidity 90 Hours of sunshine 10.90 Rainfall in millimetres Nil Total rainfall for the month 62.7 Total rainy55 words
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