The Business Times, 10 July 1982
1982-07-10
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The Business Times
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Title Section11 1982-07-10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JULY H, MS 60 CENTS11 words
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601 1982-07-10 1 ZHOU MEI - By ZHOU MEI TO ENCOURAGE more widespread industrial training, the quota on the number of school leavers who can qualify for postponement of National Service under the Late Enlistment Scheme has been lifted. Under the scheme introduced last November, young men who are not601 words
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490 1982-07-10 1 MANO SABNANI - By MANO SABNANI Companies Editor THE Securities Industry Council has left it to the minority shareholders of Veneer to decide on their company's proposed acquisition of shares in Material Trading and certain properties in Merlin Plaza. In a statement yesterday evening on the Veneer affair490 words
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275 1982-07-10 1 WONG MAI YUN - By WONG MAI YUN TRANS-Island Bus Services (Pte) Ltd, the new second bus company to operate full-day scheduled services, has bought its first fleet of 90 buses worth about $8 million from Hino Malaysia Sdn Bhd. The contract was signed yesterday between Mr Ng275 words
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Article202 1982-07-10 1 DEPOSITS of Singapore banks rose to $19.98 billion in May after declining in the previous three months. In Feburary, March and April, bank deposits fell mainly because bank interest rates were lower than Post Office Savings Bank rates. But deposits rose from $19.46 billion in202 words
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354 1982-07-10 1 THE Paris-based Societe Generale bank, already very active in this region, is embarking on more ambitious plana. The bank, with an offshore branch here serving as its regional headquarters, plans to set up a merchant bank as soon as the Monetary Authority354 words
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BRIEFLY...
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Article69 1982-07-10 1 ALGEMENE Bank Nederland (ABN) will reduce its prime lending rate by half a percentage point to 10.75 per cent from Monday. The bank last moved its prime rate on May 24 by raising it to 11.25 per cent from 11 per cent. Most foreign banks are69 words
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Article86 1982-07-10 1 Reuter LONDON, Fri. An agreement on a Palestinian withdrawal from Beirut could be finalised within 24 hours. Farouk Kaddoumi, Foreign Affairs spokesman of the PLO, said: "There are certain formalities. Seventy per cent of the agreement is completed. In the coming 24 hours, it might be finalised." Meanwhile,Reuter - 86 words
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Article68 1982-07-10 1 Reuter TOKYO, FTi. Japanese production of consumer electronics products in April registered the first year-on-year Call in three years, reflecting the current worldwide economic slowdown. The Japan Electronic Industries Association said April production, including stereo sets, tape recorders, odour television sets and video tape recorders, fell 3.7 perReuter - 68 words
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Article86 1982-07-10 1 AP LONDON, Fri. Brtttah Rail today threatened a total shutdown of its entire 17,600-km network as the worst .traffic jams of Britain's May-old rail strike dogged roads into London on the hottest day of the year. British Rail said it wants 2,000 train engineers more than double theAP - 86 words
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Article60 1982-07-10 1 CAIRO, Fri. Egypt has announced a budget with import restrictions and increases in the price of petrol, alcohol and cigarettes, in an effort to curb government spending and conserve hard currency. The budget, for the year beginning July 1, provides for a sharp rise in military spending. Allocations60 words
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Article73 1982-07-10 1 Reuter KUALA LUMPUR, Fri. The Malaysian Federal Court today ruled its decision against the setting up of a private Chinese university cannot be appealed to the Privy Council in London. Under the Malaysian Judiciary, designed along the British legal system, the Privy Council is usually accepted asReuter - 73 words
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Article69 1982-07-10 1 Reuter WASHINGTON, FH. The Reagan Administration has secretly approved the export of nuclear-related lasers to west Germany and France. The Washington Post today reported the special lasers, used in research could make it and cheaper to produce highly enriched uranium and supergrade phunwWi suitable for nuclear bombs. ItReuter - 69 words
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249 1982-07-10 1 WAH-CHANG late—aft—al has efeefced a IS wOUm deal to pwdfc Chlaa with awneTeleetrMlea factory. Wah-Chaag, a maaafaetarlag, tradjag aad eaglaeertag greap, has ĕttWmti to list the prsdaete the factory will Bake. Bat It Is hefleved that the factory la Gaaagdeag pwln will BMOdan249 words
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524 1982-07-10 1 RICHARD SEAH - By RICHARD SEAH A MAJOR record company has slashed the price of some of its popular cassette tapes in a bid to regain its market share from music pirates. Music dealers which sell pirated tapes were caught by surprise on July 1 when524 words
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Page 1 Advertisements
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Advertisement250 1982-07-10 1 ;m;i III;!'- li limes IH See page 7 AN offshore dollar centre may be set up in Tokyo by next April if relevant legislation for tax exemption is approved by Parliament by that time Page 2 THE Harilela group, which is developing the $100 million Second Holiday Inn at Cuppage250 words
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Advertisement43 1982-07-10 1 |^;\?%<:[],'}`~=.,-%&]?&>]>>|[_ 14V HVjjM 11} D, gest The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executives Digest •mporiuira rwwt-stands. Distributed by FEDERAL PUBLICATIONS Naw Industrial Road, ttippwf 1963 A mirTVNr OT TO I Imtl UVfPlllVlKXi43 words
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Advertisement91 1982-07-10 1 Companies' Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) EdltorUL..page < GRAND SLAM by/WUNSIfvGANE'IR u S A ft m m Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND $LAM golf shirt by Munsingwear. Keith clu loses GRAND SLAM because he91 words
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BANKING AND FINANCE
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295 1982-07-10 2 AFP MOSCOW intends to aeD all ita current surplus gold production, but will dip into ita luuiu only in a "dke emergency", Consolidated Gold Fields conaultant Timothy Green aaid. Addressing a special seminar on Soviet commodities in London on Thursday, heAFP - 295 words
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41 1982-07-10 2 rjTjH rjT^^^w^Tirj^By [£5«^^^H^3#I+I^BcS3 [3S|^^B^3Zni^BL^^^^EsS^^|09ESi9 EEE^^^iExjnZ^Bfc^^^^BISI^^KSlJtSilJ T« Free Rapstered Stocks Singapore fi——t Bearer Booth Bnai on the last redemption date tor stocks «nth optional redemption dates Source: The Monetary Authority of Singapore41 words
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702 1982-07-10 2 Nod by April for offshore centre? Reuter TAKASHI HOSOMI, former vice-minister of finance for international affairs, aaid an ofbhore dollar centre may be aet up in Tokyo hy next April, if relevant legislation for tax exemption is approved by Parliament by that time. Hoaomt. who led a mission of 30Reuter - 702 words
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Article436 1982-07-10 2 Reuter RECENT efforts by the New York Federal Reserve Bank to supply reserves to the hanking system suggest an easing in the Fed's monetary policy is underway, money market analysts said. However, many believe it is still premature to draw any conclusions because of theReuter - 436 words
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230 1982-07-10 2 Reuter MHJ up. pty MS rm U per eeat In mt it mtwiii hum »wtf aMto theleaal ev STmmTSSIiI MBM MIHil «HI itoM «f af U par aaM aai M per eeert laapnuMeelj to April, imraaut statistics 11» jmt a MtReuter - 230 words
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388 1982-07-10 2 CHAN OI CHEE - By CHAN OI CHEE HONGKONG and Shanghai Banking Corporation (HSBC) will aooo shift its Jurong branch operations from the current rented premise to a newly completed bank-owned building. Constating of three storeys, a roof deck and a basement, the 15 million building b Intended388 words
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195 1982-07-10 2 Reuter BANK of Japan governor Haruo Maekawa said the bank may invoke its Lombard-type special lending rate to defend the weakening yen. He said the special lending rale, which would be higher than the official discount rate of per cent, mayReuter - 195 words
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MONEY AND EXCHANGE$
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Article452 1982-07-10 2 THE FOREIGN exchange market generally lacked direction» aad was very quiet yesterday. Trading was very thin as there was uncertainty over the money supply figure to be released in the US during the weekend. Trading in US/Singapore dollar was quiet and steady. Against the local currency, the US452 words
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Article96 1982-07-10 2 TOE US dollar yesterday closed off Us highs but still ruled stoadhi sgeteef all major uaiemiss la moderate, late tradtog here. Hw dollar mm at a late 2.4M5/S marks, after reachlag a day's Wgh of 2J015/35. Sterllag eased to U5f1.7195/7219 from aa •arty L789/S9 aad was little rhaafd tram96 words
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Article22 1982-07-10 2 THE average rate at which major Singapore banks are currently prepared to lead to their best customers is 11.06 per cent.22 words
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Article127 1982-07-10 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on July 8: 7 day* 14 11/1614 9/16 1 month 151/16 1415/16 2 months 15* 15* 3 months 159/16 151/16 6 months IS 12/*****1/16 9 months 1511/*****/16 12 months 1511/*****/16 1 month 3 months 6 months 12 months 6* 4*127 words
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Article24 1982-07-10 2 RANGE at phcm aOw* ty 41» ouwi+f.m C*H t-BMOtb Trmtmrj Mils 1 nwinlii Bank bUls SmontbaCD K «mootMCD ft* Source: National Discount Co24 words
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Article32 1982-07-10 2 RESULTS «I tender held -yesterday Mr M-day Treasury Mb t» be lamd Irona July 11 to July Mhnis fllt.fllO.ffW AaMMi tot mLtSO.OOO. AMttod: $100,000 000 t Asaegud Miw MMI and32 words
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Article308 1982-07-10 2 GOLD futures closed sharply higher than overnight levels in moderate trading on the Gold Exchange of Singapore yesterday. Prices were marked up sharply by between US$lO JO and $12.30 an ounce at the outset reflecting the metal's sharp gain in New York overnight and thereafter the market finned further308 words
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Article32 1982-07-10 2 Han Wai Mew York 4.07B s.im «.MS 5.77S Enrich SJ5B MB 5.«B 5JBS n fhn Mawart «.<BB 5.7JB C.19B 5JS Ckatagprfc MtoUS dollars trvjr mmc a. Source: Credit Suisse, S'pore32 words
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Article185 1982-07-10 2 THE DOLLAR (or overnight delivery yesterday closed firmer at 257.15 yen tram the 25C.00 opening, but below the day's high of 257.35 yen after central bank intervention, dealers said. This was weU above the 255J0/25M1 yen flntafc in New York overnight, but still lower than the Tokyo 29M0 close185 words
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Article34 1982-07-10 2 LONDON «changes opening quotes yesterday: US LTm/M Cu 2J874/1M Ctom UM/n Dia-iSB/» DH-4.1M/HB svr-ajm/en B Tr (en) IIJUMt rrr —ujM/m Lft-MSIS/MUB Ym msn/uixi D Kr MJTB/M NKr-ISMS/M S Kr MJHVMS «■Mk-as/a Pvt-MUt/M MJS/MJI34 words
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Page 2 Advertisements
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Advertisement58 1982-07-10 2 (Wholly owned by TOKYU PTE. LTD) Proudly announces the opening today of yet another branch at B-30, KATONG SHOPPING CENTRE SINGAPORE 1542 We are specialists in imported ladies' fashion wear from Japan. For trade enquiries, please cail Tel. *****63/4 TOKYU DEPARTMENTAL STORE 03-89, City Plaza/ GeyJang Road Singapore (1440) Tel:58 words
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TRADE AND INDUSTRY
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Article, Illustration132 1982-07-10 3 THE Housing and Development Board is building indoor stadiums in every new township to give residents a complete range of sports facilities. A HDB spokesman said the board has awarded a $3 million contract to build an indoor stadium in the Toa Payoh sports complex. Located132 words
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275 1982-07-10 3 THE Singapore Institute of Standards and Industrial Research (Sisir) is strengthening its ties with an international zinc and lead organisation to help local users of the metals keep abreast of the latest technologies. Mr Ong Cbor Eong, director of Sisir's materials275 words
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Article197 1982-07-10 3 USERS and promoters of microfilms who question the legality of microfilms as evidence in a court of law had some of their doubts cleared yesterday. Mr Glenn Knight, senior state counsel at the Attorney General's Chambers, told over 80 participants at the Mkroforoe '82 seminar197 words
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Article324 1982-07-10 3 SEMINARS AND COURSES June 1-July 22 (Tuesdays, Thursdays and Saturdays): Certificate in Performance Appraisal, Cuppage Centre, NPB June 1-July 31 (Tuesdays and Thursdays): Certificate in Performance Appraisal, Ngee Ann Polytechnic, NPB June 1-Aug 19 (Tuesdays and Thursdays): Certificate in Performance Appraisal, Ngee Ann Polytechnic, NPB June 2-July 10324 words
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188 1982-07-10 3 FORTY-SEVEN contractors have received loans totalling $27 million under the Housing and Development Board's interest-free financing scheme. The scheme, introduced in June last year, provides HDB contractors with interest-free loans to buy plant and equipment. A HDB spokesman said the single largest loan188 words
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Article50 1982-07-10 3 NGEE Ann Polytechnic has established a productivity steering committee chaired by the principal and the heads of the administrative and academic departments and units forming the committee. Some of the committee's terms of reference are to manage the polytechnic's Work Improvement Teams programme and to take corrective action.50 words
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148 1982-07-10 3 THE Restaurant Association of Singapore (RAS) will hold a two-day seminar on restaurant management in the 1980b from July 36 to 27 at the Shangri-la Hotel. The seminar will be conducted in Mandarin and is organised in conjunction with the Nanyang s»*ng Pau.148 words
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391 1982-07-10 3 JOHN LIM - By JOHN LIM THE Harilela group, which is developing the $100 million Second Holiday Inn at Cuppage Road, is planning to develop more prime property sites in Singapore. Chairman Hari N Harilela told Business Times yesterday that he is "very interested in391 words
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304 1982-07-10 3 THE Singapore Tourist Promotion Board is encouraging local associations, societies and institutes to bid for more international and regional conventions in Singapore. "Conventioneers spend more money in Singapore than the average tourist," said Miss Jennie Chua, director of STPB's Singapore Convention Bureau (SCB). According to304 words
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Page 3 Advertisements
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Advertisement97 1982-07-10 3 e m r Ta r On 17 July, United Overseas Bank will open a new branch at Unit No. 100,Blk.721,Clementi West Street 2, Singapore 0512 (Tel: *****33), bringing you our wide range of fully computerised banking services including sale of gold and 1,028 safe deposit boxes for rental plus 24-hour97 words
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OVERSEAS
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305 1982-07-10 4 UPI BRITAIN'S beleaguered rail network will be bankrupt in three weeks unless more locomotive engineers defy their striking union and show up for work, British Rail «id. The railroad management decided to keep attempting to run a skeleton service in hopes thatUPI - 305 words
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297 1982-07-10 4 AP PRESIDENT Reagan has invoked emergency powers to avert a nationwide freight strike by a union of railroad engineers this weekend. Maintaining that the railroad industry is crucial to the US economy and acting on findings of the National Mediation Board, Reagan issuedAP - 297 words
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724 1982-07-10 4 Reuter IN SPITE OF tough statements, the EEC seems to be backing away from an open trade war with the US over its ban on technology for the Soviet gas pipeline. Diplomats and officials in Brussels and other European capitals onReuter - 724 words
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WORLD IN BRIEF
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Article338 1982-07-10 4 Agencies A CONCERTED sales campaign by Britain's car companies helped to boost the new car market in June by more than 3 per cent but sales for the year are down. Figures from the Society of Motor Manufacturers ««H Traders show new car sales in June wereAgencies - 338 words
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287 1982-07-10 4 Reuter ROTTERDAM spot oil prices were weak on Thursday ahead of the Opec ministers' extraordinary conference in Vienna. The meeting, scheduled for yesterday, has made some operators more hesitant, but only a few have taken positions on its likely outcome. As aReuter - 287 words
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314 1982-07-10 4 AP EATING food that is high in fibre may help people fight cholesterol, one of the most common source* of heart Fibre makes food pass more quickly through the ■m«n intestine, significantly reduces the amount at cholesterol the body absorbs from food, saidAP - 314 words
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Article333 1982-07-10 4 AP THE FBI has rejected the low bid on a computer contract, at a coat of US$l.l mtiHci hrritiT the company acquired the technology from a J■ pa net company Hut accused of itraHnf the technical Improvements from International Business The FBI refused to discloseAP - 333 words
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Article422 1982-07-10 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Feng Xlang Kim Soon LI Lu Liang Shan Ming Honesty Rajah Brooke Orchid Pabloeverett Pyramids Botany Trust Asian Clipper DaBal8hu Equator Feng Yi Oerbera Kota Ma war No. 6 Do nam Sltlung Sun Bright Toyofujl No. 5422 words
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463 1982-07-10 4 Agencies SLUGGISH sales and the declining value of the Japanese yen against the US dollar have prompted speculation that carmakers in Japan may cut prices to widen their advantage over American companies, although analysts in Detroit disagree on when theAgencies - 463 words
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202 1982-07-10 4 DE BEERS has reported a ■light rise in sates at rough dhmnah during the first half of this year hut said it is too early to say whether the market is about to emerge from its recently depressed state. Under the202 words
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280 1982-07-10 5 Reuter THE prospect of a large national bood flotation later this year is increasing the possibility of Japan moving toward* reflation to stimulate its domestic economy and avert trade friction with other countries, banking sources said. The finance ministry on Wednesday announcedReuter - 280 words
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408 1982-07-10 5 UPI THE Japanese government has readied a compromise on a 7.346 per cent Increase in the defence budget for the next fiscal year. The compromise, reached yesterday, is believed to be lower than what the US wanted. Turning down Defence Agency chief Soichiro Ito'sUPI - 408 words
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368 1982-07-10 5 UPI SEVERAL major conservative organisations in the US have warned President Reagan of grave political consequences if he ends arms sales to Taiwan. On Thursday, a declaration by 28 conservative groups and leaders said a proposal under consideration at the White House would haveUPI - 368 words
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Article734 1982-07-10 5 ARRIVALS Service Local Operator Number Tine From MAS MH15A 0020 KUL PAA PA005 0025 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ CAL CI331 NRT/TPE/KUL 0350 TPE SIA SQ101 0805 KUL MAS MH671 0920 KUL MAS MH680 0955 KCH RBA BI421 1000 BWN MAS L MH651 1030 KUL SIA SQ201734 words
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213 1982-07-10 5 AFP CHINA hat the oil potential to become the world's fourth-biggest energy producer within 10 years. Former US presidential energy adviser Michel Halbouty, head of the CircumPaciflc Council on Energy and Mineral Resources, on Thursday said China has agreed to attend theAFP - 213 words
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100 1982-07-10 5 Reuter CHINA'S recent structural reform hat fives more power to local provinces to contact trade with foreign couotriea. U Shade, a director in Cliiaa's foreign trade ml* try. told burineaemen and European Cbmrnuaity officials that more fl—fly»» recently erattau with the West «as becoming moreReuter - 100 words
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203 1982-07-10 5 AFP A MAJOR Japanese textile maker, Katakura Industries Co. has been accused by a Hongkong -'"•ktmhlrr of prcpnring false portfolio statemeata. The Kyodo News Agency on Thursday said Newpts Hongkong Ltd has filed a complaint with the Tokyo District Prosecutors Office, charging Katakura with paddingAFP - 203 words
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358 1982-07-10 5 Reuter THAILAND hat broken ranks with other Asian clothing exporters and reached agreement with the European Community on a new pact regulating their textile trade. fYwuiiiwiiji sources said the four-year deal included higher quotas for clothing exports from Thailand, which Is the dratReuter - 358 words
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Article130 1982-07-10 5 AFP HONGKONG cannot rule out retaliatory measures agahwt France such as a quota on French cognac if It perstots in an intransigent attitude on trade talks. Acting Director of Trade Industry and Customs Lawrence Mills said at a luncheon meeting on Thursday. Hongkong is one of theAFP - 130 words
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193 1982-07-10 5 UPI HONGKONG hM called In the ultimate weapon In the kmc battle against pollution and waste control earthFaced with piles of rotting vegetables, manure and sewage, the Agriculture and Fisheries Department has imported "super worms" from the Philippines to clean up the mess andUPI - 193 words
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179 1982-07-10 5 Reuter HONGKONG Financial Secretary John Bremrktge expects the colony's GDP to grow by C per cent in the 1982/83 fiscal year ending March 31, against 8 per cent forecast in the budget in February. In an interview with the South China Morning PostReuter - 179 words
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Page 4 Advertisements
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Advertisement342 1982-07-10 4 Asia, at your finger tips... Other than speed reading, there is another way you dan 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 accumulated342 words
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Page 5 Advertisements
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Advertisement822 1982-07-10 5 Banca Commerciale Italiana (INCORPORATED IN ITALY WITH LIMITED LIABILITY ESTABLISHED ***** BALANCE SHEET AS AT 31ST DECEMBER 1981 (in US$) Coah Funds with Central Bank Securities in portfofio Participations Bank Acceptances Loans and odvartces Tax-colecting agencies (tax-payers account) for coiechon Items in transit and sundries Accrued interest, receivable etc. Bank822 words
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Article437 1982-07-10 6 PEOPLE WHO think Chicago Is merely a great American city may be surprised it is up for sale at all. People who know that Chicago is also a distinguished American )azz-rock band will be more disturbed than surprised to find that a recording by the croup is437 words
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Article282 1982-07-10 6 NEVER MIND the soccer fans who went to Spain, what about the ones who stayed at home? Tills World Cup has turned out to be the most expensive we can remember, so much so that anyone who wants a modest wager on tomorrow's final between West282 words
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Article, Illustration866 1982-07-10 6 ARTHUR SPIEGELMAN - Waldorf still the choice of world leaders By ARTHUR SPIEGELMAN Reuter DESPITE the emergence of new, more opulent hotels every year offering the last word in plush comfort, almost all of the world's leaders still stay at the Waldorf-Astoria when they visit New York. Besides the elegance for which itReuter - 866 words
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Article736 1982-07-10 6 ROBERT McDONALD - By ROBERT McDONALD AN AMERICAN underwater archaeologist believes he has uncovered a 3000-year-old crime piracy committed off the north coast of Cyprus about 306 BC. After five years of library and lab work on the socalled Kyrenia ship, Michael Katsev, vice-president of the US-based Institute of Nautical736 words
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Article588 1982-07-10 6 PATRICIA CHEE - LETTER PATRICIA CHEE AS A minority stockholder of Veneer Products, I am indebted to your Hock Lock Stew, for highlighting (BT, July 5) the unfavourable terms to Veneer of the proposed acquisitions by Veneer from Mr C K Liew (managing director of Veneer) and his family.588 words
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Page 6 Miscellaneous
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Miscellaneous377 1982-07-10 6 CRYPTIC PUZZLE AGBOBB 4 Pontoon game possibly? <«) 7 A brief examination, but formerly excessive (4, 4) 8 A team's dramatic utterances? (6) 10 Pound a man in a game (5) 13 Pieces of drill? (4) 14 He's from Somerset House (4) 15 Father has ways of fitting it in377 words
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Miscellaneous479 1982-07-10 6 IM Fighting for third placing in World Cup SINGAPORE S 1 1.00 PM Opening folowod by Sesame 7.50 Bomadette Petri Ir Concert Street 1.45 Simon And Simon A Redp 2.00 The Perky Pfc Shew Disaster 2.25 Sherlock Hobnes Festival Shor- 9 Cidtural Diary led Nobnes h Washbwton 9.45 News And479 words
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Article, Illustration1165 1982-07-10 7 ZHOU MEI - ZHOU MEI. looks at the trainees and teachers at the Japan-Singapore Training Centre and suggests that the authorities should consider ways and means of helping those apprentices who are rejected by the centre or who drop out midway through their training simply because of an inadequate1,165 words
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Article, Illustration868 1982-07-10 7 Most people spend their leisure hours doing something mundane like watching TV or reading books or playing golf. But a Japanese farmer, Juichiro Sakamaki, has spent his idle hours in the last 50 years building of all things! a castle. He drew inspiration from868 words
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880 1982-07-10 7 ANNA QUINDLEN - By ANNA QUINDLEN CHARLES Atlas, born Angelo Siciliano of Brooklyn, the Horatio Alger of the human body, has been dead for a decade now. Charles Roman keeps alive his legend. It has always been so. Was not Roman the man who, after Atlas had880 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article132 1982-07-10 8 JULY n> AM Aboid Akao AMSV Am fx Aarotak a- ■at> m« 01.10 XUi oijo woo «M auo 35. M +«L& -0.1 -Oil 1 -OH >«L1 ♦«L4 *J Caladd C*J*» MA Dad Knnla Pokkar MM *10 mm 121 JO mm -0L1 UOCil ♦U >U *0.1 OWroc MM njr -0J132 words
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Article162 1982-07-10 8 July m m COKBKILLK Air-I Hum 4M •II Q«nk DUBM WO -U car innMoaC»f) um -ci O* maalM d- UlroU» 107JO -XJ Waadw < 3sssr Cndtt rwilw Dt Prmnc* m vnch ajknlrta) «B Marti In— Ball mJO -M MlcbaUn (B) «M 3M IBB (B* On > n* +u Frlnl—n«162 words
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Article70 1982-07-10 8 JULY a m roiWAKD MAUUT <■» ♦4 Alfeod IM -M M» M ♦a -M -M Brw-LMb ar* IM MM 1* D* Itn IS MM -M Btctfobti «iaa qpeb Oto-Inoo-Bn Ow ITM M Mn MM •M arSoc Om> N| BoMu A MM M im I1M ttu uneh 4 uneh •f70 words
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Article90 1982-07-10 8 JVLY m Dm Agi-TrtHMtoB UJO /UkUkM Alii Ml |u T WbaaA iiA«a U mji -U 3T itil UAH 4AM gas*—» him into -~u Dt TUMO DyekarhalY ®T A null IHjM -u HifM 1 T" MAM MM +AI M Hortan 11AM -AS toMA U1M •1 Kaafftof KHD 1TLM •4 Linda90 words
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Article38 1982-07-10 8 JULY m LI In -1 VM m a M M I m m M 1 lit N m tch U 1 am HI Mr i i m >ir~4 i i.,y i m MM u n Source: BCI38 words
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Article48 1982-07-10 8 1 w IF 1—i Dmm 1W Mil T* a -M MmM* Oa» Qt wmt UN 19% i«a Ot rmmrn Knf* TMB (M OH CM 1M -M MB MairMk M l_f> rm a* II lat Piw npt M» 1M Dk UK 11 m ftiMBty ftn •H MMgiiluki wtcb48 words
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Article50 1982-07-10 8 INDVmi A Alpha ALB MB I>«HDM 4» AC And CI AMK m am otmmr Ml +IS im IBf i)| t i »9B Da Bam lad hmili r«v«tt m *m OWtftUI Ormwmn Hippo Htold 3D Z iam. Utttrtoo LTA MM MAUI Miaarlhf an I HO UMt Ok Bu M -150 words
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Page 8 Advertisements
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Advertisement191 1982-07-10 8 Where to wine, dine and entertain with the American Express Card -,V r m I -n 4Have lock Road, Singapore 0516 Trt 73J2081 IF YOU'RE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLSiDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken or pork191 words
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Advertisement113 1982-07-10 8 f* I'( )r sushi. hor teppanyaki. for (her autfieniicalh -Japanese delights. A k/ s 1 11 11- vl*. i i'K i< ii< ii i 11«4; 11 >< iri TIFT NUTMEGS offers 10.30 a.m. 3 p.m. $21 per person Please cod *****88 erf 663 for reservations HYATT R£GtNCYOSiNGAPOR£ f m x:113 words
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Advertisement61 1982-07-10 8 -@.>}~\||?{(&^-(:_};.$[@:/{%\\} m i tm v as ,*v£ ,v> I. *T 4 Chin* se set lunch menu served daily $Z's Reservations Tel: 2941 183 Sai PIZZAS fifc c \sj- JV. ess o »V *> JfV&k <* Vr Great pizza favourites.. X Napolitana, Pepperoni and other varieties. You'N (owe them all! Vl61 words
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Advertisement110 1982-07-10 8 When you dine, dine Cantonese. 3 i aV* o o If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set110 words
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Advertisement87 1982-07-10 8 ftfc as good as going to Bangkok. \v rJt 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 fcitchen Siamese Seafood Restaurant87 words
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Article194 1982-07-10 9 CHICAGO soybean futures closed on a steady note on Thursday, up SV« to 11 US cents a bushel with November posting a 9Vfc-cent range. Very bearish contrary opinion indicators and cyclical lows encouraged local buying, touching off Buy stops above Cl 7 cents basis November to push values to194 words
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Article230 1982-07-10 9 WHEAT futures in Chicago on Thursday sold off from the highs to close two to five US cents a bushel higher after trading in a narrow range. A large Chinese purchase of EEC wheat lent support to futures. A firmer tone in precious metals, financial instruments and an easing230 words
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Article123 1982-07-10 9 THE MALAYSIAN crude palm oil market yesterday closed lower on continued selling in active trading, dealers said. July in the South fell Mslo to $730 a tonne and Central $2.50 to $727.50. August in the South dropped $7.50 to $732.50 while Central was unchanged at $730. In September123 words
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Article317 1982-07-10 9 THE SINGAPORE rubber market closed slightly lower with August One RSS buyer* quoted at 182.50 cents a kilo, down O.S cent from Thursday's close. Prices fluctuated marginally during the mnrwhiy session before closing 0.25 of a cent lower than overnight level* Trading was quiet in the afternoon with prices317 words
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Article334 1982-07-10 9 RAS prices In cenU per kilo yesterday: HMB (per kilo) s Sellers (per kilo) Int. 1 R.S.S. prompt f.o.b. MOO 1st. 1 R.SA Aagust 1X2J0 Int. 1R-SJ5. September 1X175 lat 2 R-S-S. 175.00 UK/Coot 174J0 Int. 3 R.S.S. MJO 1XLOON mM mjs 177.00N *****N 107 JON m ami334 words
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Article73 1982-07-10 9 NOON 881 lalSMRpriaijal m*r KAfl Jmt ICium ■■jw i ISO JO UUO Mtfc) (Parwari MAI SSR20 MM rffl 161-AON I M OON 161-40 16*00 lttJON I6O-OON bar UJ-.C28S iliilii E EE EE i i lllllil Aagi 204 00 183J0 UNO 174.00 174j00 170 JO 206 OON MOON73 words
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Article1066 1982-07-10 9 NEW YORK STOCKS AN AFTERNOON rally sparked by a decline in some interest rates caused stock prices to close mixed on Thursday, in spite of sharper fails in early trading. The Dow Jones industrial average was off more than 10 points by early afternoon but then turned1,066 words
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Article29 1982-07-10 9 Rubber: July 9 Singapore: 182.50 cents (down 0.25 cent) Malaysia: Aug: 202.60 cent* (unchanged) Tin: M 529.15 per kilo (unchanged) Official offering: 186 tonnes (down 69 tonnes)29 words
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Article70 1982-07-10 9 THE STRAITS tin price In Peig yesterday remained at the International Tin Agreement deer price «I MfZt.lS a Idle for the 19th esnsee ■tlve day/ The bnffer stock manager ceattaaed vtgerens support tn the P«maf market en eipectsttsn that the Ltmim Metal Exchange will eventnally tUs level, Turnover70 words
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Article162 1982-07-10 9 CHINESE Prednee Esehaage, par 100 kg ytufcy. Cmi—l «U: Bulk fob <100.00 sellers, old drum (in second hand drum) fob 1112.00 sellers, new dram fob $116.00 sellers. Cspra: Mixed (loose) $55.00 buyers. Psppar: Muntok white pepper fob Asta NLW p« wilers, Sarawak white pepper faq fob NLW $320.00162 words
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Article189 1982-07-10 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) OsMm yarn: China Blue Phoenix 20a 32s 2,900, 40s 3,100 (per bale of 400 lbs). Pises feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly unq;189 words
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Article328 1982-07-10 9 9NGAPOUE: Yesterday'* dosing prices in S| per ldk>, ex-godown: THAI WHTTE: 100 per cent first class (Kangaroo) sew crop LOB, 100 per oest second class OJS, 100 per cent tUrd claa 0.80, per cent new crap no stock, B-10 per cent 0.77. THAI BROKEN: A-super 0.82, Special OJS. THAI328 words
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277 1982-07-10 9 DEVOID of new feature», the Singapore and Malaysia rubber markets continued to be inactive, Mid MM»y, in it»'review far STTwsk ended July 8. Turnover was at a new low and prices were down some three cents finally. With incentive and demand absent, the easier277 words
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204 1982-07-10 9 Reuter COPPER prices have risen sharply on the London Metal Exchange (LME) in recent days because China has bought around 50,000 tonnes of the metal, trade sources said. Copper for delivery in Three Months rose to £810 a tonne on Thursday, £8Reuter - 204 words
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Article103 1982-07-10 9 AFP INDONESIA has decided to import 100,000 tons of rice from Thailand as a gesture of goodwill to help the Asean fellowmember country out of its rice surplus problem. Deputy Minister of Cooperatives Bustanil Arifin, who also heads the Tndoneslsn national logistics agency BuJog, said theAFP - 103 words
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Article1035 1982-07-10 9 COFFEE: Robusta coffee ■futures yesterday were easier to unchanged at midday, as much as £9 a tonne below Thursday's close in traded positions. Dealers said prices declined at the opening call by between £10 and £15 a tonne reflecting New York's easier close before trading narrowly far the1,035 words
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Page 9 Advertisements
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Advertisement319 1982-07-10 9 Britannica3 and [give yourself and your family the Bntanmca advantage! itls the key to success in a competitive worid That's why you should give your child all the advantages you can. Especially the tools for succees. (That's what a parent's love and responsibility are all about) Certainly there's no better319 words
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1268 1982-07-10 10 BID and offer prices officially l»ed and business in and reported to the Stock Exchange Singapore yesterday, with the number of shares traded •hown in brackets in lots of 1.000 units, unless otherwise •pecified. SECTION ONE INDUSTRIAL COMMERCIAL Aemm (2J78 2.906) (2)1,268 words
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Article171 1982-07-10 10 ■WIWIK WOT «ur DIAMOND MOT STOKE vSS2zr~""X"iM The Savings Fund L54 1.62 2 ,45 S pore w (US») 0.53 «57 S pore Sec. Find 1-M l.K 11* i a S'pore Invest Fund 0.» l Otzd j m T S'pore Equity Fund LIT 1J3 INCOME BOND UNIT (CVMI IfiOQS)171 words
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Article2861 1982-07-10 10 1982 High Low Company Last Sale +or Gr'a Div Gr*s Net Div Y*ld P/E Cvr Vol Day (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL A 350 247 Acma Alcorn 233 172 Allied Choc 308 240 B A T 320 320 Bata 141 85* Ben Berjaya Kavat 2912,861 words
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Article1294 1982-07-10 10 BID and offer prices officially listed and business in and re>ported 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. DiDUBTBIALB AcsM(UK) Ihisil (3.10B) (1) 3.10 Alacai (1.125) (12) I.U (3) 1.131,294 words
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Article97 1982-07-10 10 WORLDWIDE Itlilaii MM: Sixteenth AGM to be held at 3rd Floor, 17VC, Jalan Birch, Kuala Lumpur, on July 14 at noon. TDM Berhad: Seventeenth AGM to be held at the Cempaka Room, Hotel Equatorial, Jalan Sultan Email, Kim la Lumpur on July 19 at 11 am. PIMA Metal97 words
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842 1982-07-10 10 INVKBTOBB were hardly Impresoed kg a helf hearted ~s Shares fleUMi ea O mixed to eMhr 1 aeto feUowtot m iftcnm > tottg Mhrutage price taqmeMoto. The SMIi Itoee tadaehrtal Mn edged dewa Ml > petal to a aew tow of MM. All to,842 words
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Article458 1982-07-10 10 SHARES were marginally traded on the Kuala Lumpur stock market yesterday as Investors continued to stay on the Sidelines. The lack of buying interest resulted in the absence of any clear trend although prices were marginally ahead during the morning session. Shares had opened458 words
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COMPANY NEWS
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1135 1982-07-10 11 FT THE Hongkong government's proposed purchase of a piece of property in the New Territories near the Chinese border has come under fire. The property is owned by a Beijing-based company called China Resources Company. Negotiations are currently being concluded forFT - 1,135 words
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Article247 1982-07-10 11 ACMA ITIihIIIimI MMMM LM has informed the 6ah Lumpur Stock Exchange that the consideration of MJli million <*»«!) for the sale at subsidiary Acma (M) to OYL Industries Sdn Bhd and $3.2 million for the purchase of 20 per cent equity in OYL were arrived at after taking247 words
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508 1982-07-10 11 UNITED Palp A Paper Company Ltd has taken several steps this year to improve Its profitability. Hw paper products manufacturing company was hard hit by rising production and labour costs which farced it Into the red for the first time in many years. Therefore,508 words
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Article240 1982-07-10 11 SIR JOHN Keswick, a former chairman of Jardine, Matheson and Co of Hongkong died of a heart attack at his home in Scotland on Monday. He was 75. Sir John played a major role in the growth of Jardines. and also contributed much towards the development240 words
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Article208 1982-07-10 11 NISSAN Motor, Japan's second largest vehicle maker, and its 48 consolidated subsidiaries have reported a 4 per cent fall in group net profits to 101.66 billion yen for the year ended March 1982. A major cause was a loss at its Mexican subsidiary arising from the208 words
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ASIAN STOCKS
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Article331 1982-07-10 11 HONGKONG STOCKS recovered on late buying yesterday to close little changed after being weaker for most of the day, brokers said. Prices were depressed by the pessimistic outlook for the local economy following a report that Financial Secretary John Bremridge had cut his gross domestic product growth331 words
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Article448 1982-07-10 11 SHARE prices recovered moderately yesterday, with interest revived in blue chips following the yen's improvement from Thursday, the overnight advance on Wall Street and lower US interest rates, dealers said. The market average rose 29.65 points to close at 6,991.56, after Thursday's 73.20 fall. Trading remained thin,448 words
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Article136 1982-07-10 11 THE MARKET closed closed firmer yesterday as commercial/industrial, minings and oils rose, dealers said. Turnover was 2.5 millipn pesos after Thursday's 1.3 million pesos. Gainers were Atlas Con •B' by 15J0 at 15, Basic Petroleum by 0.0145 at 0.014, Oriental 'B' by 0.043 at 0.041. July m mm Acgk136 words
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Article345 1982-07-10 11 PRICES fell in afternoon trading from early gains yesterday, brokers said. The major indices ended higher with the all ordinaries 2.9 points up at 446.9 after the sharp falls of the past two days. The improvement on Wall Street, a fall in some US interest rates and a stronger345 words
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Page 11 Advertisements
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Advertisement572 1982-07-10 11 z S m Q H Z < H 03 >* 5 o v: rv-> < <r H Pi H to H U s z 05 fi J a, H a z < PS a z o 2 v: >J < r JZ csT jC v: O t—=3 :m Worldwide recession572 words
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Chief Price Changes
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Article149 1982-07-10 12 Rises DueJop M O C B C DBS lfvtro Hides Sport Lud Beiiaatai Jacks 1st 8*1 Properties 8ea View Mill Pia-U C C Falls Homg Leoaf M Dak Yung 370 810 186 106 888 580 aos 412 SM 318 314 304 980 200 +8 +5 +5 +5 +5 +5149 words
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Article, Illustration172 1982-07-10 12 AN EARLY rally flxxled out in the late morning aad share prices consequently finished mixed te easier ea the Stack Exchange af Singapore yesterday. Trading was moderately active. The Straits Times ladastrlal Index slipped l.fl paints te a aew lew af (8151. However, the Badness Times Indicator af172 words
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Article52 1982-07-10 12 FINANCIAL TIMES Friday 1251.88 INDUSTRIALS Thursday 1252.24 Thursday 551.4 Week Ago 1274.29 Wednesday 555.2 AUSTRALIAN Week Ago r 548.3 INDUSTRIALS DOW JONES AVERAGE Friday. 609.8 INDUSTRIALS Thursday 006.6 Week Ago 020.0 Thursday 804.96 Wednesday 799.06 ALL ORDINARIES Week Ago 803.27 Friday 446 8 HJCHANG SENG Thursday 443.2 Week52 words
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284 1982-07-10 12 NATIONAL bN aai Steel MUto hu tommai ip wMk two Weal mmmlh «id Nlppea SMNUifJafM la a $1S milltoa jatot veatare to HMfii In ii aai market Ike aewty famed raapa ay, to ke called Nattoaal Oxygea Ltd, will ke predat lag malaly284 words
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91 1982-07-10 12 KUMPULAN Pima has relag I» «ETSiK representing lI.H capital «f United Plantations M nt the close of Its general titer m Jnne S. Pima, the Malayslaa agrenased hMrial greap, made Ms geaeral otter far all ordinary shares hi United Plantations la April this yenr nt91 words
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Article774 1982-07-10 12 LONDON, Fri. Government bonds were firm on hopes of lower UK interest rates but equities were mixed in lacklustre conditions, dealers said. At 3pm, the Financial Times index rose one point to 552.4. Signs of an apparent easing in US Federal Reserve monetary policy reinforced the belief that774 words
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Article110 1982-07-10 12 AP NEW YORK, Fri. The stock market advanced broadly this morning amid hopes for lower interest rates. The Dow Jones average of 30 industrials rose 3.91 points to 806.89 in the first half hour. Interest rates fell sharply in the credit markets yesterday amid conjecture that theAP - 110 words
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409 1982-07-10 12 ■II I Companies Editor: llano Sabnani •PROMET Berhad has entered into a Joint venture to build a MJISO million shopping-cum-office complex in Kota Kinabalu, Sabah. The complex, which will be the most modern and ambitious private sector project of its kind there, is409 words
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Article349 1982-07-10 12 MORE consideration will be given to overall behaviour in respect of disclosure by public companies in this year's Annual Report Award competition. Besides judging the amount and quality of information in annua) reports, the way interim results are released and other information announced during the year349 words
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550 1982-07-10 12 SIOW LI SEN - By SIOW LI SEN METRO Holdings Ltd has proved that it Is top among the major retailing groups in Singapore, having achieved higher results than those forecast by broking firms for the year ended March 31,1962. Metro yesterday reported group pre-tax550 words
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COMPANY BRIEFS
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37 1982-07-10 12 have announced that the share of the issued capital beneficially owned or controlled by foreign persons are 1.8 per cent and 7.96 per cent respectively as at June 30,1562.37 words
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30 1982-07-10 12 has queried Prame< Bkd on its agreement with Kikoyu Sdn Bhd to develop a parcel of land in Kota Kinabalu.30 words
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Article29 1982-07-10 12 in reply to a query from the KLSE, has said that the High Court issued an order on May 24, ISB2, confirming the company's capital reduction.29 words
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Article29 1982-07-10 12 has acceded to a request by Tm aad City to lift the suspension of trading in its shares. Trading will resume at 10am on Monday, July 12.29 words
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Article964 1982-07-10 12 TUB Is the text, reprsdnesd fti tnl, rf the hMlurtrids statement mi l Council notes the various letters written to the Press recently on the proposed acquisition by Veneer Products Ltd (Veneer) of shares in Material Trading Pte Ltd and certain properties in Merlin Plaza and notes also964 words
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Page 12 Advertisements
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Advertisement106 1982-07-10 12 in a Quandary over a gift or souvenir a. m r Ah ir. />f e s *'o S//| %o r ii N 1 >.'> c^sfSr Ycri children all ages and young at heart The definitive book on Singapore's > national flower Select a book from our Singapore Collection Books rich106 words
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Page 12 Miscellaneous
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Miscellaneous61 1982-07-10 12 OUTLOOK for Singapore today: Fair except for rain in a few areas before and after Beptrt tor 24 hMn pri«r to 7J9 pm m July 9 the aiipirt: Maximum temperature 31.7 Associated humidity 69 Minimum temperature 26.2 Associated humidity 86 Hours of sunshine 9.00 Rainfall in millimetres Ttace Total rainfall61 words
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