The Business Times, 31 July 1982
1982-07-31
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The Business Times
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Title Section11 1982-07-31 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, JUL* SI, 11« 60 CENTS11 words
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346 1982-07-31 1 LEE YOKE MENG - By LEE YOKE MENG ALL FIRE claims of $10,000 and above will from now on be reported to the newly set up Insurance Register of Losses. The computerised data bank, initiated by the General Insurance Association (GIA), will record losses made346 words
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235 1982-07-31 1 THE Ministry of Environment collected $108.9 million in revenue last year, an increase of 7.7 per cent over the previous year. More than half of this came from sanitary appliances fees and waterborne fees which earned the ministry $56.1 million in 1981. According to235 words
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382 1982-07-31 1 JOHN LIM - ay JOHN LIM POLICE last Monday detained four men and seized 15,269 recorded cassette tapes in an anti-piracy raid at a carpark in Boon Keng Road. A Commercial Crime Division spokesman said some of the cassettes have been found to have infringed local copyright382 words
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203 1982-07-31 1 US SPECIAL envoy Philip Habib met Lebanese officials yesterday to discuss the final implementation of a detailed PLO plan for withdrawal from Beirut amid indications of a breakthrough in negotiations. Beirut's independent An Nahar newspaper reported that the plan for the withdrawal203 words
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Article415 1982-07-31 1 WANG LOOK KEAH - By WANG LOOK KEAH THE Economic Development Board, together with a US computer giant, Computerviskm, is setting up a training centre here to prepare Singapore's workforce (or the world of computeraided design and computer-aided manufacture (CAD/CAM). Dr Yeo Ning Hong, Minister of State for Defence,415 words
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Article294 1982-07-31 1 CHANGI Airport has been voted the fourth best In the world by the International Airline Passengers Association an international travellers club. In the club's 1981-82 survey, Changi is ranked after Amsterdam, Frankfurt and Zurich, said Mr Ong Teng Cheong, Minister for Communications and Labour. But he294 words
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BRIEFLY...
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Article65 1982-07-31 1 AP FOUR Australians were deported from Bali yesterday for illegal business operations on the tourist island, and 16 more are being investigated for similar reasons. Indonesian officials said the 20 Australians, involved in hotel, restaurant and dressmaking enters prises, had used Rallnew* citizens to cover up their illegalAP - 65 words
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Article79 1982-07-31 1 AFP THE Philippine government is planning to introduce five new tax measures next year to support its proposed 1983 budget of about U557,471 million. Prime Minister Ceasar Virata, concurrent Finance Minister, said the new tax measures would raise an additional $104 million. Virata said the additional taxesAFP - 79 words
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Article62 1982-07-31 1 UPI INDIA yesterday signed a contract with Britain to buy eight Sea Harrier "Jump tots," the versatile vertical takeoff fighters used in the FaDdands war. Indian Defence Minister Ramaswamy Venkataranman said the Harriers will soon be added to the Indian navy to replace British Sea HawkUPI - 62 words
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Article85 1982-07-31 1 AFP A MEETING of rubber producing countries to discuss export cutback proposals was postponed yesterday. Primary Industry Minister Datuk Leong Khee Seong declined to say why it was postpqqyd but said Malaysia is prepared to play host to the meeting. The Secretariat of the Association of Natural RubberAFP - 85 words
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Article80 1982-07-31 1 UPI SRI LANKA declared a nationwide state of emergency yesterday and sent army units to support police trying to quell four days of racial clashes which killed two and injured 65. Security forces have been given special powers to arrest and detain rioters. Mobs in the coastalUPI - 80 words
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Article66 1982-07-31 1 UPI PRESIDENT Reagan, in a decision likely to relieve fanners but anger European allies further, will seek to extend for one year a grain sale agreement with the Soviet Union. Republican Paul Findley said the long-awaited decision, which follows weeks of consultations weighing foreign policy concerns againstUPI - 66 words
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Article73 1982-07-31 1 Reuter THE third largest company merger in US history, a US$5 billion deal between two big oil firms, has been temporarily blocked fay a judge at the government's request US District Court Judge Charles Richey yesterday ruled to support of die Federal Trade Commfiilon which said GulfReuter - 73 words
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192 1982-07-31 1 nln^BhLrmsstVS I,SM satti la the Taa Payah, Bedah and Emm laiytrUl hythe«Mtag"pn£? The Hainan atahtog heraettog n plea, he srii design praettoe, altheart aattatactery la the antertty ef the ether *fir rterrj werhahepe, to saderinMe la the ease ef pen eeO etaitlen eaeh192 words
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446 1982-07-31 1 SOH TIANG KENG - By SOH TIANG KENG MORE croaß listings of companies on the stock exchanges of Singapore, Hongkong, Manila and other Asian countries are expected to take place within the next 10 years. This was predicted yesterday by Mr Robert Tan Siok Huat, general446 words
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Page 1 Advertisements
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Advertisement229 1982-07-31 1 »j vfi\,Ti: Bookshops u™si AEROSPACE Industries, a US-Singapore joint-venture which began operations last February, will increase its investment here by $10 million over the next five years Page 3 IN its mid-year economic review, the Reagan Administration has predicted a recovery this year and the next which is more optimistic229 words
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Advertisement95 1982-07-31 1 Sweet Swinger" The MacGregor EYE-O-MATIC Classic. A classic wood with the famous shallow EyeO-Matic face. Automatically points out the hitting area to the sweet swinging type of happy players for deadly accuracy! With further assurance of an easy swing from the added loft. The famous EyeOMatic classic Made from the95 words
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Advertisement42 1982-07-31 1 The Singapore's Straits Business Times World DIRECTORY at your gf Fingertips Singapore (Buku Merah.) £>22—: m fiiendship Cutty Saik Scotch Whisky Distilled Wended and bottled in Scotland. I Sole Agent: I Hock Tong Bee Pie Ltd 1347, Bukit Timah Road, S'pore 102542 words
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BANKING AND FINANCE
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553 1982-07-31 2 BERNADETTE CHOOI - By BERNADETTE CHOOI URB Rouse Woodstock will become Mercantile House Holdings' base in the Far East, closing the gap in its international gold trading and financial futures operations. The firm recently acquired by Rouse Woodstock, the commodities arm of MHH will now offer553 words
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666 1982-07-31 2 Reuter THE TANGLED debt problems of Italy's Banco Ambrosiano group, while testing the adequacy of international banking supervision, could eventually spur more decisive action to extend present controls, bankers said. Much of the controversy surrounding the Italian bank and its overseas subsidiariesReuter - 666 words
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473 1982-07-31 2 Reuter THE Vatican has refused to accept formal notices of possible legal action issued by Italian magistrates against the bead of the Vatican bank. Archbishop Paul Mardnkus, and two more of the bank's officials, Judicial sources in Rome said. The notices were issued byReuter - 473 words
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Article181 1982-07-31 2 Reuter AFT BANE ef 4—irtoa, Iks largest bank 1b the US, has followed the kai ef several •(her otjtr hanks and towered Mi prksM leading rale te 1U per eent trwll percent. Baak ef lawki, ranked umber eae by deposits, was asMng at least a deanReuter; AFT - 181 words
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130 1982-07-31 2 Reuter WESTERN countries formally agreed to reschedule around US$4BO million of Rumanian debt due by the end of the year, diplomatic sources in Paris said. The agreement was signed at a one-day meeting of the Paris Club, an informal grouping of 15 Western creditor countries.Reuter - 130 words
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495 1982-07-31 2 Reuter HONGKONG is enjoying a surge in capital inflow which has more than doubled foreign currency deposits since interest tax on such deposits was abolished in February, Financial Secretary John Bremridge said. He said foreign currency deposits, on which witholdtng tax of 15 perReuter - 495 words
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486 1982-07-31 2 Australian falls below psychological barrier Reuter THE FALL in the Australian dollar below parity with the US dollar for the first time represents the crossing of an important psychological threshold, foreign exchange dealers in Sydney said. The fall, following a steady drop of the Australian dollar in recent months, reflectedReuter - 486 words
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Article285 1982-07-31 2 Reuter BORROWING by Third World countries from Western banks plumetted in the first quarter of this year, according to statistics released in Basle. Bankers said the figures showed the developing world was suffering a growing financial crisis. The Bank for International Settlements (BIS) said in its quarterlyReuter - 285 words
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Article98 1982-07-31 2 CITIBANK (Singapore) will reduce its prime lending rmte today from 11 per cent to 10.75 per cent. Its savings deposit rate remains unchanged at 9 per cent. But fixed deposit rates are being cut by between 0.25 and 0.5 percentage point. One- and two-month98 words
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MONEY AND EXCHANGES
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Article22 1982-07-31 2 THE average rate at which major Singapore banka are currently prepared to lend to their beat cuatoaern is 10.70 per cent.22 words
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Article165 1982-07-31 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on July 30; USMuMQpt) 7 days 12* 13 1 month 12 VIS 122/18 2 months 1212/1612 11/IS 3 months 133/16 131/16 6 months 14 Vie 141/16 months MM MM 12 months 14M MM Das. Nfn 1 month (■MH rTMt) iivie165 words
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Article42 1982-07-31 2 RANGE of print offer td by di«count I— on July 38: Overnight Call depart ts: A CM* 3-month WN Treasury bills 3H 3H S-month Bank bills M 3 months CD TK 7* 6 month* CD 8* «M Source: National Discount Co42 words
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Article105 1982-07-31 2 THE US doUar yesterday eased against major currencies In quiet, late trading «head of the long weekend, dealers said. Lower Asian dollar deposit rates prompted the dollars weakness in a thin marThe US dollar fell to 2.4625/4) marks from an early 2.4675/® and New York's finish of *****/80, and105 words
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Article465 1982-07-31 2 THE US dollar weakened against major currencies on the foreign exchange market yesterday on expectations of a drop In US money supply. The market was generally thin and nervous and many banks stayed away as they have squared their positions for the month. The US dollar opened at465 words
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Article246 1982-07-31 2 THE dollar held steady yesterday in quiet early trading, after opening slightly below late levels in Hongkong and Thursday's New York doae. The US currency eased at the opening on light liquidation by European banks ahead of US money supply numbers and lending economic Indicators later yesterday, both of246 words
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Article212 1982-07-31 2 GOLD futures in Singapore yesterday closed generally firmer in moderate trading on weekend short-covering supported by the metal's strength in overseas markets. Total sales tar the day, inrhiding kerbs, was 471 lots. Prompt dosed firmer at U*****L00/345.50 an ounce against $337.10/338.60 on Thursday, October at 351.20/ 351.70 (3C.30/345.40) and212 words
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Article143 1982-07-31 2 THE dollar for overnight delivery closed easier yesterday at 256.65 yen from the 256J0 opening in moderate trading, after limited Bank of Japan intervention in the morning, dealers said. Trading volume was a moderate US$l.4 billion. The yen's initial weakness to a three-week low of 257.90 was in line143 words
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Article49 1982-07-31 2 RESULTS of tender held yesterday far 91-day Treasury bdls to be issued from August 2 to August 6: Offered: AppM far: &*****.000. Hatted: «150.0004». Aeeepted Mfc: 190.00 a|* proximately 31 per ceuti higher bids in full. A linage rate si Asesnrif m alstnsst: 3.425 per cent annum.49 words
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Page 2 Advertisements
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Advertisement163 1982-07-31 2 Hie p-'" Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK ff was well known in the I "J Banking and Finance I T r circles of Singapore. 1 He played a prominent part in the early days of I Chinese banks, especially in the establishment of the present Overseas-Chinese163 words
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TRADE AND INDUSTRY
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564 1982-07-31 3 SOH TIANG KENG - By SOH TIANG KENG DO NOT volunteer to pay estate duty it can be avoided by careful tax planning. This is the advice of tax -accountant Boon Suan Lee, who said yesterday: "Estate -duty is a voluntary tax. Since it is a tax564 words
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299 1982-07-31 3 SINGAPORE Polytechnic graduates are fast learners at work, according to an Economic Research Centre survey completed last year. Highlighting this finding yesterday, Mr Khoo Kay Chai, principal of the Polytechnic, said this indicates the institute's training has helped to shorten on-the-job learning time.299 words
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192 1982-07-31 3 THE Civil Engineering and Building Department of the Singapore Polytechnic will conduct a three-year parttime course leading to an advanced diploma in land surveying. The course, which will begin on Aug 30, is part of the continuing education programme for diploma graduates in land surveying192 words
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475 1982-07-31 3 WONG MAI YUN - By WONG MAI YUN PACO Industries, the new wholly-owned subsidiary of Hwa Hong Manufacturing Co, has shelved its plan to set up a coconut crushing mill here. Instead, the subsidiary, formed in April, will start operating as a trading company next month.475 words
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267 1982-07-31 3 STRINGENT measures to improve the management and maintenance of private buildings will be introduced by the Government. The proponed measures will come into farce under the Buildings »nrf Common Property (Maintenance and Management) (Amendment) Bill 1982. It was introduced in Parliament on Tuesday by the267 words
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217 1982-07-31 3 INTRACO Ltd has been appointed the sales and service agent for Btxorba-Sana-matlc Pte Ltd, an Australian-based company specialising in the design, development and installation of biogas waste treatment systems. The agency will cover Singapore and Malaysia. Pig farmers in these two countries are likely217 words
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206 1982-07-31 3 KOH TSE YING - KOH TSE YING THBEB inp—wlsWvw fram a Chinese impart expert esrpsradsa axe expect* ed to vtatt fltogipirr next ssnttts stndy the toeal tea The three stßtisls are ttaaal Native Pradaee and and Expert SrfsraWMT**'* They are expected to arrive en Aag 11206 words
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352 1982-07-31 3 JOHN LIM - By JOHN LIM AEROSPACE Industries, a USSingapore Joint-venture which began operations last February, will increase its investment here by $10 million over the next five years. This was disclosed by managing director Patrick Gota Yoke Hian at the company's official opening yesterday. The additional352 words
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Article, Illustration320 1982-07-31 3 CHASE Manhattan Bank has announced the following promotions: Pm* Stow Twg to vicepresident and country institutional managerr Akla Tagawa to second vicepresident and senior foreign exchange dealer; Andrew Bsh to second vice-president and supervising regional auditor; Sbn Tww Hang to assistant treasurer and assistant manager of management320 words
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Page 3 Advertisements
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Advertisement124 1982-07-31 3 Attention: International Textile Industry SAVE VALUABLE INPUTS UPTO Now you can benefit from a revolutionary innovative products processes for textile bleaching Results in a fantastic power, fuel water savings (nearly 66%) Ensures permanent whiteness Retains original strength Excellent absorbancy A contribution to textile excellence by ARLABS LTD. (INDIA). Mr. H.G124 words
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Advertisement292 1982-07-31 3 MARI N GARDNER Mathematical Circus ?M MATHEMATICAL CIRCUS Martin Gardner Breathe deepl It is you who will perform the feats in Mathematical Circus, with puzzles, paradoxes, games and entertainments to suit all levels of mathematical mastery. Discover the key to the Floating Hot Dog, solve the Business Lunch Logic Puzzle,292 words
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OVERSEAS
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632 1982-07-31 4 NYT, AP THE Reagan Administration, in a controversial midyear economic review which has been rejected by some of the president's top economist aides, has predicted a recovery this year and the next which is more optimistic than many current projections. The review also forecasts thatNYT,; AP - 632 words
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128 1982-07-31 4 UPI BRITISH Foreign Secretary Francis Pym met for two hours with Secretary of State George Shultz in Washington, saying he hopes "very serious" differences over the Soviet natural gas pipeline can be resolved by frank exchanges among Nato partners. Pym visited the USUPI - 128 words
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371 1982-07-31 4 AP US COMMERCE Secretary Majcolm Baldrige says recent trade skirmishes the US has had with its allies are part of the cost of maintaining a free trading system. "We think free trade is best supported and advanced throughout the world if the lawsAP - 371 words
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214 1982-07-31 4 Reuter THE EEC*» 111 ii Mi| ea its eight tUMi 101 l last year far tki drat Hm rfaee 1914. Aa «Octal repert by the Eirtpeti Ctnnliilti ihtvi that (uraiteed prim far tam pntaeti SSX milk Hi evnli eeat the nmmaMtj UBH4J UlltaaReuter - 214 words
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532 1982-07-31 4 NYT R J Reynolds Industries (America's largest cigarette producer) and Heublein Inc (owner of Kentucky Fried Chicken and the nation's top producer of vodka and mixed cocktails) have agreed to a merger valued at US$l.3 billion in which Reynolds will acquire Heublein for cash andNYT - 532 words
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Article321 1982-07-31 4 WEST Germans are frothing at the mouth. Their European partners want to sell them chemically-treated beer in flagrant contravention of the Pure-beer Law laid down in 1516 by Count William IV of Bavaria. The arch-villian is the European commission, which has ordered that Germany must accept321 words
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205 1982-07-31 4 AP RADIOACTIVITY from tiny particles in cigarette smoke may cause cancer, cardiovascular disease and advanced ageing among heavy smokers, according to doctors and researchers. A pack -day smoker could absorb enough radiation to "have the same kind of action on the body as standingAP - 205 words
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204 1982-07-31 4 Reuter IRELAND may be the only European country to have more young people than old by the year 2000, Irish delegates at the UN meeting on ageing in Vienna said. Irish Health Minister Michael Woods said while the proportion of old peopleReuter - 204 words
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Article172 1982-07-31 4 UPI A SHORTAGE of fans and air conditioners is not only, leaving city dwellers and cafe customers in Russia sweat-, ing ana uncomfortable, it is killing the elderly and reducing. labour productivity. The newspaper Soviet Russia sent reporters to several plants and factories in the country'sUPI - 172 words
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173 1982-07-31 4 Reuter WORKER directors in Germany have vowed to fight the controversial appointment of a former Nazi Secret Service officer to the board of Hapag-Lk>yd AG, one of West Germany's top shipping companies. The nomination of Bremen grain trader Kurt Becher, a former colonelReuter - 173 words
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321 1982-07-31 4 INTERFERON produced by genetic engineering can prevent colds and block the growth of cold viruses without harmful side effects. In a preliminary report in the current issue of the Lancet, a British medical journal, scientists reported that a nasal spray containing the synthetic interferon321 words
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WORLD IN BRIEF
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Article382 1982-07-31 4 Agencies BRITAIN lost almost as many working days through strikes over the first six months of this year as during ttie whole of last year, according to Employment Ministry statistics released in I Some UH.OOO workdays were lost from January to June nearly four times asAgencies - 382 words
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Article690 1982-07-31 4 ARRIVALS Service Local Operator Number Time From FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 0350 TPE SIA SQ101 0606 KUL MAS MH671 0920 KUL MAS MH680 0965 KCH RBA BI421 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030 HLP CPA CX710 1035 HLP SIA SQ103 1035690 words
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445 1982-07-31 5 AFP, UPI AUSTRALIA has promised to review the Japanese government's appeal for relaxation of import restrictions on Japanese-manufactured goods. The Australian Minister for Primary Industry, Peter Nixon* disclosed this on Thursday at the seventh Japan-Australia Ministerial Committee meeting held in Canberra to exchange viewsAFP,; UPI - 445 words
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418 1982-07-31 5 AP, UPI AFTER pleading not guilty to charges that it conspired to ship stolen technology to Japan, Hitachi Ltd on Thursday attacked the undercover investigation that led to its indictment. Hitachi, the Mitsubishi Electric Corp and 21 individuals are charged with conspiring toAP,; UPI - 418 words
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323 1982-07-31 5 Reuter JAPAN'S unadjusted unemployment in June rose to 1.37 million from 1.34 million in May, and was up from 1.26 million a year earlier. The Prime Minister's Office yesterday said the June figure represents an unadjusted unemployment rate of 2.3 per cent, almostReuter - 323 words
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Article370 1982-07-31 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Builder 22 Thong Soon alongside 31.7.82/0700 Inna 19 CF Sharp alongside 31.7.82/2300 Shoko Maru 15/16 Borneo alongside 31.7.82/0600 Slnaloa 31/32 BakkeSD alongside 31.7.82/2359 Bal Yun Shan 25/26 Sin Chiao 31.7.82/1300 3.7.82/2300 Bum Dong 15/16 CF Sharp 31.7.82/1100370 words
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638 1982-07-31 5 UPI, Reuter MEXICO, the world's fourth largest oil producer, (dam to raise its oil output by 1.2 million barreb a day early next year in a move that could threaten Opec, the MldEtst Report said in its current issue. President-elect Miguel de laUPI,; Reuter - 638 words
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517 1982-07-31 5 Ap JAPAN'S Sony Corporation ended a three-day demonstration of its television technology in New Delhi on Thursday which, although requested by the Indian government, was viewed more as a goodwill mission than a probe of the relatively untapped Indian market. "We areAp - 517 words
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166 1982-07-31 5 Reuter THIRD World trade envoys have recommended developing nations to start negotiations this year on opening up their markets to each other. Bhaglrath Lai Das, Indian Trade Ambassador in Geneva, said representatives of about 70 nations meeting in Geneva over the pastReuter - 166 words
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132 1982-07-31 5 UPI KING Fahd of Saudi Arabia is holding discussions on a major reshuffling of his Cabinet planned for late September. The trade Journal, Piatt's OOgnun News, on Thursday said the move will involve placing new personalities who are not members of the Saudi RoyalUPI - 132 words
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213 1982-07-31 5 THE integration of the rubber and tin markets in the Kuala Lumpur Commodity Exchange (KLCE) appears imminent. This was indicated by Primary Industries Minister Datuk Leoog Ifihee Seong on Thursday after a dialogue with officials o( the Commodities Trading Council in213 words
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179 1982-07-31 5 UPI THE first drop in Japanese vehicle annual exports is due not only to import restrictions but also to increased competition from American products. David McCammon, Ford I Motor Go's vice president of corporate strategy and analysis, on Thursday said the No 2UPI - 179 words
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137 1982-07-31 5 UPI CHINA yesterday rejected Japan's attempts to explain new textbooks which soften descriptions of Japanese wartime brutality, angrily accusing Tokyo of damaging the "basic spirit" of SinoJapanese relations. Hie unusually swift and vehement Chinese response dashed Tokyo's effort to defuse the textbook controversy, whichUPI - 137 words
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Page 4 Advertisements
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Advertisement98 1982-07-31 4 A Sparkling New Penguin Author William Bovd Born in West Africa, William Boyd went to the universities of Nice, Glasgow and Oxford. An awardwinning novelist, short story writer and critic, he lives in Oxford where he also teaches English Literature. iSuSS AND HIS EBULLIENT. BRILLIANT FIRST PENGUIN A GOOD MAN98 words
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Page 5 Advertisements
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Advertisement64 1982-07-31 5 You've solved the Cube Now tune-in on Pac-Man C Vo# r Only Sook hQf or Com PU er Gorne l The secret o# the world's fastest moving video game is here in Penguin I f mmmmnr MnMMMHMMiH a Now available at all leading bookshops and emporiums. Distributed by FEDERAL PUBLICATIONS64 words
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Article582 1982-07-31 6 THERE IS a theory in respectable scientific circles that women live longer because they cry more. The argument runs that bottling up emotions, in the way men do, puts unnatural stress on the nervous system, although some men would argue that the effect is582 words
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Article, Illustration1255 1982-07-31 6 ANTONY THORNCROFT - Tax, rail strikes and the football World Cup have made it a disastrous season for London's West End theatres. The few successes are big, expensive musicals, which means backers of productions are taking more of a gamble than ever before, ANTONY THORNCROFT reports. ANTONYFT - 1,255 words
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Page 6 Advertisements
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Advertisement285 1982-07-31 6 jV V 7, ■'k M J* 'A pnrm (When the Master went to Wei, Jan Yu drove for him.) Confucius said, "What a flourishing population!' Jan Yu said, "When the population is flourishing, what further benefit can one add?'; 'Make the people rich.' 'When the people have become rich, what285 words
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Page 6 Miscellaneous
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Miscellaneous831 1982-07-31 6 I RADIO jg Great war for civilisation EUROPE Mm the Pint Vnii War «m the priiitt tt lfth uwrtaij pritttes ud eeiualei. The 4f« rf VaeeHalmty (Ck 8, MS), eatMM "Leato the graU iigMt", leeks at tke meateateas jean that ear* reaad "the great war fer dviltsattoa". It Asms the831 words
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Article, Illustration666 1982-07-31 7 JOHN ABELL - By JOHN ABELL Reuter FOR all who have been jostled at the Statue of Liberty, disappointed with the latest Broadway stage hit and nonplussed at one of New York's chic nightspots, Howard Goldberg has more bad news. Not only have you paid more moneyReuter - 666 words
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Article, Illustration249 1982-07-31 7 AIS AN AUSTRALIAN awthaalcsl eagtaeer ku Wilt u uiennter "tfclemill" to preve that, Uke a wiidmill, tt cia guwite electricity, kit aaeh mere reliably. Dr David Hilt—, tt (abeve), a amtm leetarer at the Whyalla eampaa ef Ike Swtt AastraHaa lastltate sf Teehaelegy, said becaaee tMee aadAIS - 249 words
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Article, Illustration503 1982-07-31 7 PHILIP PULLELLA - By PHILIP PULLELLA UPI VENETIANS are fond of saying that if the high tides of the Adriatic don't ■ink Venice then the weight of all the tourists will. But if the tourists should stop coming, even the most cynical Venetians are quick to add,UPI - 503 words
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Page 7 Advertisements
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Advertisement818 1982-07-31 7 Indian Bank CAPITAL AND LIABILITIES Capital (wholly owned by the Government of India). Reserve Fund and other Reserves Deposits and other Accounts Borrowings from other Banking Companies Agents etc Bills payable Bills for collection being Bills Receivable as per Contra Other Liabilities Acceptances, Endorsements L other Obligations as per Contra818 words
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Page 7 Miscellaneous
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Miscellaneous644 1982-07-31 7 CRYPTIC PUZZLE ACROSS 4 Administration by a mere GI, possibly'' (6) 7 End of the line (8) 8 Garment for a big-headed little creature (6) 10 It's easily seen that the fare is about a pound (5) 13 Early in the outskirts of Southampton (4) 14 To cheat and fuss644 words
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Page 8 Advertisements
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Advertisement736 1982-07-31 8 Where to wine, dine and entertain with the American Express Card 1 Ik perfect end to a romantic dri\ e. 11\ I JcTDfaereial n r I N'l .V '</ c* v A The true SuGaporefhPcur Our pofxifar Norrya Buffet Luncheon at a special price. With tongue tickling delights like Curry736 words
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Advertisement139 1982-07-31 8 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 Penang Road, Singapore 0823 Tel: *****11 (20 lines) c;139 words
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RAW MATERIALS
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Article233 1982-07-31 9 SOYBEAN futures in Chicago on Thursday recovered late in what traders called a technical short-covering reversal, to end off 2V« UScents a bushel in August to up as much as (our cents. Traders said the market's penetration of the November-based $6.00 support level psychologically primed the technically oversold market233 words
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Article217 1982-07-31 9 WHEAT futures in Chicago on Thursday partially recovered late on short-covering, to settle down one US-cent a bushel in September to up as much as 1V« in other positions. The Professonal House purchased 5.5 million bushels of December late, after selling an equal amount earlier, which sparked local short-covering.217 words
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Article334 1982-07-31 9 BDH2APOBE: Yesterday's closing prices in S| per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.77. THAI BROKEN: A-super 0.60, Special 0.55.334 words
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Article991 1982-07-31 9 COFFEE: Robusta futures were steadier at midday, mostly between £24 and £13 a tonne higher, with spot July £15 above Thursday's close. The July contract rose on hectic short-covering ahead of its expiry later yesterday. At Thursday's close there were still 1176 open positions in that contract. July's991 words
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Article131 1982-07-31 9 THE India State Trading Corporation bought 20,000 tonnes of processed palm oil at its vegetable oil import tender this week, traders reported. The business comprised 5,000 tonnes of Malaysian refined bleached deodorised palm oil for September shipment at U*****50 a tonne, 5,000 tonnes of RBD olein for September131 words
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Article37 1982-07-31 9 THE STRAITS TIN price in Penig yesterday remained unchanged at Ms2f.ls a Idle, the ITA fleer level, dealers said. The better stock manager maintained ■appwtatlUs level. Turnover Increased te 292 tonnes from Thursday's 245 tonnes.37 words
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Article32 1982-07-31 9 Rubber; July 30 Singapore: Aug: 176.25 cents (down 0.25 cent) Malaysia: Aug: 197.50 cents (up 1.00 cent) Tin: M 529.15 per kilo (unchanged) Official offering: 292 tonnes (up 47 tonnes)32 words
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190 1982-07-31 9 Reuter NATURAL rubber imports to China in 1981 dropped more than consumption in the whole of the rest of the world. Landell Mills Commodities Studies, in its July rubber bulletin, said imports fell to 145,000 tonnes in 1981 from 235,000 in 1980, after severalReuter - 190 words
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Article317 1982-07-31 9 RA8 prices In cents per kilo yesterday; Int. 1 H&S. prompt f.o lot. 1 R-S.S August Int. 1 it s m September 1st. IRAS. VK/cm Int. 3 R-S.S. UK/Coot Int. 4 R-S.S. UK/Coat. Int. 5 RSS. UK/Cost Buyer b. 174.00 llfJO 171.35 171.00 170.M MMO 1M.00 154.00 1SU0317 words
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Article99 1982-07-31 9 NOON 881 Kind SMR pne» y+*i*r IA8 Amgm (Cmrrcat ■l»n D IHuM D UUt It Mtt> >»ni 8* 100 00 167 JO bar Nik) S8R20 SSR SO inn (1 -loapall* (ltoa palW< 160.00N 167 JON illart *****N 1MJ0N SMRCV 8MR L SMR 6 SMR 10 8MRI0 8MB99 words
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Article334 1982-07-31 9 THE Singapore rubber market yesterday closed slightly easier with August One RSS buyers quoted at 17L25 cents s kilo, down 0.25 cent from Ttaursay night, dealers said. Prices fluctuated narrowly in quiet morning trading, rising Initially on Inro buying and later easing as sellers emerged. The afternoon session also334 words
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306 1982-07-31 9 LITTLE activity was seen during the seven trading days under review, interrupted by the long Hari Raya holiday. Conditions remained thin and quiet throughout, with levels down 4Vj cents overall, Halliay, Cattar, Bath aai Cempaay said in its review (or the week306 words
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Article175 1982-07-31 9 CHINESE PNAHC par 1M kg yesterday. Cimrt «II: Bulk fob 191.00 sellers, old drum (in second hand drum) fob (103 00 sellers, new drum fob {107.00 sellers. Cspra: Mixed (loose) $46.00 buyers. Pepper: Muntok white pepper fob Asta NLW $315.00 seUers, Sarawak white pepper faq fob NLW 1310.00175 words
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Article198 1982-07-31 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattsa yan: China Blue Phoenix 20s 2,470; 32s 3,130, 40s 3,300 (per bale of 400 lbs). Ptow gwds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly198 words
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INTERNATIONAL STOCKS
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Article186 1982-07-31 9 JULY a C* Alau> aw -f Aliomt But Mont 1»* Bank Norm Scoua Ball 1>l Sit 17* Bath Corp BP Can Ltd B* Braaean MH .44 CanpRadLaka Can Imp Bk 13* If* -It pinptf a unci) Canpac in? Pf Carllnc CXKm(* 7* uncb 37* Cons Bath 14* Com Htrlmot186 words
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Article1033 1982-07-31 9 NEW YORK STOCK prices on Thursday closed mixed after an afternoon rally, sparked by bargain bunting and a new merger announcement, which moved the market off earlier lows. The Dow Jones industrial average dropped 10 points by early afternoon, close to the 800 level, but1,033 words
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Article116 1982-07-31 9 JULY M P^E an j* MM -a -L> Pi MJD AM •mm ■U •u ■+M ET MM -42 44 —i MM uncb nm ■U DaUMtl rri -u VM mm Mm -u -04 OMbroc Ootaln MM nm +*J -u h35S2*' ill uncti -M -a < HVA tic -«j MM -L»116 words
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Article157 1982-07-31 9 CO RB KILLS Air-Liquid* INOmW CBTTL—Cl* rnactln Ninta 4M un uw MM -11 -U -14 naudm Qanarml* Credit PoocMr D* Frmae* a* m W -U rirttu •4 Pactum? Octa* Fiiyul (Ml On imji mat ■u -1 ■u 'u —■(OtflW o») Uuna GROUP A Hii mm Chargmn 1AH •U «—Mimr*157 words
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Article70 1982-07-31 9 JULY M Aac-Tcirftuiten Abo AlllLttMfl Dm SB -U Alls Van BASF IllHTWtUt Bay Vtank B*nr BBC *MW CMMill 117 A* -1.1 MTNBIBB -U 13B -14 MB 1 IBB [X Tmra Dpekamoff 8T A IBB OMMMq «a UIM n» -u mm K3S5 1 Z11A0 -0J KMC lttMBWlJtO -1 ututtMirr A70 words
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Article89 1982-07-31 9 JULY 9 rn FOKW AKD MAWBT *cm m At—a mm -at Astur M -17 Braaean 75J -i Bra-Lamb 13H Canpac 1« +4 Cork De Hnr« 139 212 ♦4 3 Ebat 1000 ♦s Bactrobd Qb-Inno-Bm 4 im MO -20 5 n1790 30 Hobok 3M0 -10 Rjrl Dutch 4400 1906 -089 words
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Article154 1982-07-31 9 JULY* Action* Sutaeei AlllWllt Ret Brown Bo**rt Br. Clba Oelgjr Br Pranci au 4|t -H 133 MO 1115 -1 -10 -li Clbadeify PC 10)0 Clba Oelcy Rac. Cradlt Suuae Br Credit Sulaee Ret ElektrowaU Br Oeorge PWcher Br Globus Pc MB IMS MO MM MO unch -M -1 unch154 words
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Article78 1982-07-31 9 JULYS 1 lung Lire T7 75 -ft. 75 ■el Central* OM Cooa Aeon* Ron* am -m au -m Ml -1 Erktaola rw(M Oemrmll MM -M im mm -mm MM *M in M> Invcat HUCMMMIOM lUifai LrpeuiOrt mm -m mm *m mme uncb Smm IT 6 MlluoAaM mmi -nt um78 words
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Article270 1982-07-31 9 JULY 28 Rand INDUSTRIALS A Alpha 370 ♦s Abcrcom AE And CI m 870 unch -10 AMIC Bartow* 800 10 Cf Sugar CNA 14S0E 1 unch unch Currte Final De Beer* im v* us i.. Edcon Cdftn E»eread)i red Volk Puglt n> 210B unch Uardian Qlenanl Oral* inn Hippo270 words
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Page 9 Advertisements
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Advertisement0 1982-07-31 9 |&>=($~-_"|]+}?**&.],+\=\`!')<@0 words
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1305 1982-07-31 10 BID and offer prices officially listed and lualw in and re- ported to the Stock Exchange at Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Aeu (17281,305 words
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Article150 1982-07-31 10 n» o——i The Saving* Fund S'pore Prof Pawl S'pore Sec. tad S'port hint tad S'pore Equity Fund hrU|t) t« LB LSI La LU 1JS LT«ri LM MT LM LIS 141 (Ml elfin' prtM hi a 1 Mia S'pore Pd (US|) OB 0.57 a LU LB (Mr) INCOME BOND150 words
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Article2772 1982-07-31 10 IMS High Law Company Last Sale +orGr»s Div D1t Cvr el's Net YTd P/E Vol Day COOO) Higk Low SECTION ONE INDUSTRIAL COMMERCIAL 350 233 308 320 Ml 291 480 328 247 Acma Alcorn 162 Allied Choc 246 BAT 316 Bate TOM Ben Berjaya Kawat 188 Boustead2,772 words
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Article1236 1982-07-31 10 ~f bid and offer prices officially listed and Irnriw In and reported to the i «mpif Stock Exchange yesterday, with the nomber at shares traded town la brackets In lots of 1,000 units, unless otherwise opwlfled. DiDUBIKIAL* Asa» (112S) AIM (LMS) (1) 1.06 (1) 1.04 A ChM1,236 words
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Article135 1982-07-31 10 MALAYSIAN 1r HII limited: AGM to be held at 53/55, New Bridge Road. Singapore 0105 on July 31 at 9.30 am. MALAYSIA Mining Cerperatten Betted: Sixth AGM to be held at the conference room, Wisma Bunga Raya, 152, Jalan Am pang, Kuala Lumpur on July 31 at 10135 words
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764 1982-07-31 10 «QlllBowiMktalo> ■«■<> l factors, Mk lml|y aad iTifim, oeatlaeed to ket fefl tor the foarth ea* ■watlve day. Ike Btralto Times taivtrtol Mac Ml mftw 5.12 Hiit* to fMJI, Jast a whisker away from Ho 1112 tow of «Ml «tonkwtonUM Mr heldtags farther la764 words
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Article605 1982-07-31 10 SELLERS continued to dominate the Kuala Lumpur 1 stock market yesterday, de- pressing prices on a fairly broad front. However losses were mostly within the 10-ceat i range, notably in the industrial sector. It appeared that investors' sentiment was unafi fee ted by the steadier conditions605 words
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COMPANY NEWS
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478 1982-07-31 11 Reuter CONTINUING political and economic uncertainties have taken their toll cm the Hongkong stock market over the past week. Brokers said the debate on Hongkong's future after China resumes sovereignty over the colony in 1997 and declines on overseas stock exchanges, combined with aReuter - 478 words
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Article469 1982-07-31 11 Reuter THE HONGKONG government has agreed with Mightycity Co Ltd to build a major development project at Tin Shui Wai in Hongkong's New Territories at net cost to the government of HK$l.46 billion, Mr Nicky Chan, Secretary (or Land and Works, said. Mightycity is a JointReuter - 469 words
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ASIAN STOCKS
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Article380 1982-07-31 11 HONGKONG STOCKS yesterday closed marginally lower after early gains, and after falling throughout the week, brokers said. Short-covering against Thursday's sharp sell-off supported the market initially, but it soon evaporated as political and economic uncertainties overshadowed the market. The Hang Seng index closed off 3.11 points at380 words
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Article464 1982-07-31 11 SHARE prices yesterday fell for the fifth consecutive day in thin trading, with a waiting sentiment prevailing due to a lack of fresh incentives and the yen's weakness against the dollar, dealers said. The market average lost 23.79 to close at 7,122.06 on thin volume of464 words
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Article177 1982-07-31 11 SHARE prices yesterday closed higher in quiet trading which centred around financial and cement stocks, dealers said. The Book dub index rose 0.26 point to 9140 on turnover of 16 million baht. Industrial Finance Corp and Thana Slam gained one baht each to 107.50 and 9&50 respectively while Slam177 words
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Article370 1982-07-31 11 METALS stocks rose with scrip in short supply, dealers said. They said a weaker market had been expected in the face of lower gold, copper and other base metal prices. The All Ordinaries index closed two points higher at 465 points. Major gains were WMC up 13 cents up370 words
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Article58 1982-07-31 11 JULYS Acot* Mh "*g AndoPhu Apn If tomf B Altai Can B. hw MM mtck mm tiM IM oach IMi -U UM -UW UM ancb M -1 IM unci) Mi HI Un meh «Ji iincti UM VBCfa MM uocb Ui Men AM* adi BB «Kk MM oacta IMi tU58 words
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81 1982-07-31 11 Reuter INCHCAPE PLC will reeever Its profit base sad re■mm profit grewth as mm as there Is a dpdlleaat "wveey vsrli trade, cjabana Lard lanhrapn =£355^ "dad March 31, will he aMe te ride eat preheat ■adujjing ymatj JnMibjih has Mt yet besa completedReuter - 81 words
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918 1982-07-31 11 NAJEEB JARHOM - Market Talk... By NAJEEB JARHOM A RELATIVELY liQuid poll* tkm Is the best approach to adopt in the current stock market. Investors, however, should grasp all chances to switch out of depressed stocks likely to (see a long period of under per toe mance918 words
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Page 11 Advertisements
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Advertisement116 1982-07-31 11 _<<<@]&\%[]),_:;:-_']((><<%.+.( NOTICE NOTICE is HEREBY GIVEN that, I Teo 0 Chung Chong Sheng of No. 0195 Blk 3, St George's Road Singapore 1232, have applied for a Retail UquorShop licence in respect of premises at 01-95, Blk 3, St George s Road Singapore 1232 and that this application will be116 words
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Advertisement496 1982-07-31 11 as*"" 02 H OS > U) H O z H tsS as <51 z v: There is no limit to growth But steps must be taken NOW. Securing a position in the market is like Rl LING Itt SHEER PRESENCE. Nobody (an deny you that share if you are present.496 words
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Chief Price Changes
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Article134 1982-07-31 12 Rises Indices UmHM aoo 10 My a July 30 Tusk CmmbI 440 10 Sth Msia Ia4 SB ♦ft HfT Indicator: isaan rnaoi n i i i an IM 176 +s ♦l ♦i ■ft STUMriik: ST Finance: ST Hotels: •75.38 C7BJI 1«25.« 1CLL40 MSL57 1MC.4I ST Properties: ***** SOa Fans134 words
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Article, Illustration171 1982-07-31 12 SHARES eased farther aa the Stock Exchange af Mags pare yesterday, the (earth ceaaeeattvc day af Mb, aa mare Investors decided to withdraw tram the market hi aattdpatiea af new bearish The Stratta Times Indastrlal Index fell Ll2 Mints to fTOJM at the etose, while the Piatness Times171 words
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Article59 1982-07-31 12 FINANCIAL TIMES INDUSTRIALS Friday 1182.75 Thursday 1185.86 Week Ago 1283.56 Thursday 966.4 Wednesday 561.9 Week Ago 5712 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INm TSTRIA t S Friday 61IL7 Thursday 619.6 1 mJ vol H1ALO Thursday 8l£21 Wednesday 811.83 Week Ago J. 832.00 Week Ago 621.2 ALL ORDINARIE8 Friday...59 words
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263 1982-07-31 12 ta li'Sr'Tiijli nM IUji«IMJ^ ■afclufc at ftogaairn werta M^KUiita. dewa to'the '.Ijjjft i» frefarttoa h tto rtghta tnu iMiaiat Net flfMi I—» W gvatain to reiaee tto debt aee, «eept ter thm to B#ckJcy BmuI. UE Im Mlirtolm to ftoietof toe 11,1« ««mm263 words
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Article726 1982-07-31 12 THE LONDON stock market was mixed with an easier bias yerterday after the late rally on Wall Street overnight, dealers said. At 3pm, the Financial Times index was down three points at 553.4. Reductions of half a percentage point to im per cent In base lending rates failed726 words
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Article93 1982-07-31 12 AP THENEW YORK stock market edged upwards yesterday morning in a carryover of buying from Thursday's close. The Dow Jones average of 30 industrials rose 1.81 points to 814.02 in the first hour. Gainers took a 4-to-3 lead over losers. Analysts said the market drew support fromAP - 93 words
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595 1982-07-31 12 CHOO AI LENG - Companies Editor: tow Sa—i •y CHOO AI LENG RIG-BUILDING and construction group Promet Bhd has won aa oil and gas etaoMrin from Pertamftia, Indonesia's natiooal oil corporation. Its 10 per cent-owned subsidiary Promet Energy Ltd is expected to sign an oil and gas595 words
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Article368 1982-07-31 12 COME tomorrow and stockbrokers, remisiers, trading clerks and staff of broking firms will be riming something other than prices. They will be taking part in the stockbroking community's first annual croas country race, the largest single gathering of those in the fraternity. Organised by the368 words
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252 1982-07-31 12 THE Overseas Union Rank group's massive cash call of aome $228.8 million, as expected, did notg© down well with the market The shares of OUB together with Overseas Union Enterprise (OUE) and Overseas Union Trust (OUT) came under some selling pressure when252 words
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241 1982-07-31 12 KAMUNTING Tin Dredging (M) Bhd terminated its listing status on the London Stock Exchange from yesterday. It win clone its UK register from Aug 30. It will, however, be possible still to trade in Kamunting shnres on the London exchange, in accordance with Rule 363241 words
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302 1982-07-31 12 SIOW LI SEN - 1 SIOW LI SEN DR CHUA Yong Hal, a for* mar Malar ctrfl servant, has Joined the Sime Darby group, the diversified Malayslaa-bassd plantation and trading conglomerate. Drama will he baaed in Singapore. His appointment was announced yesterday by Mr M P Elphick,302 words
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553 1982-07-31 12 MBF HOLDINGS will reap an extraordinary profit of M 532.2 million, equivalent to $2.10 per share, from the proposed sale of shares in its finance subsidiary, Malaysia Borneo Finance Corporation (M) Bhd. According to a circular to shareholders released yesterday, the gross553 words
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Page 12 Advertisements
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Advertisement90 1982-07-31 12 in a Quandary over a gift or souvenir L# w u 'Oi s Sg c ns o/. e V v» a® i caricatures of Singapore The definitive book on Singapore's national flower "For children all ages and young at heart Select a book from our Singapore Collection Books rich in90 words
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Page 12 Miscellaneous
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Miscellaneous55 1982-07-31 12 OUTLOOK tor Singapore today: Morning showers, dear in the afternoon. Bepart tor U hnn prtor to 7M pm m Jaly M Attheaiqwt: Maximum temperature 31.8 Associated humidity 61 Minimum temperature 26.3 Associated humidity 84 Hours of sunshine 10.10 Rainfall in millimetres Nil Total rainfall tor the month 76.3 Total rainy55 words
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