The Business Times, 14 August 1982

Microfilm: NL12693
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, AUGUST 14,1182 60 CENTS
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  • Article
    Learn from woes of the West
    331 1 IF SINGAPOREANS cm adapt to change and achieve their maximum, the tmnsfermatlea ef the eenntry ever the next 21 yean will be mare spectacular, mare thereugb aad mare eamplete than what haa been achieved In the pant twa decades. Speaking last night at the
    331 words
  • Article
    We need expatriates, says PM
    922 1  -  By JOHN LIM SINGAPORE must also look outside the country In its search for talent if the Republic is to continue to be effectively managed and make it into the era of high-technology. At the same time, Singaporeans must realise and accept the need for
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  • Article
    UOB group after-tax earnings rise by 4pc
    583 1  -  By SIOW LI SEN CONTRARY to expectations, United Overseas Bank's group earnings for the first six months of this year rose by only 4 per cent. UOB is the third of the "Big Four" banks to release its results. The other bank which
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  • Article
    HDB contracts for paint makers
    141 1 THE IliMh; aai Dcvetop maltl-milllea-dcllar eutracts to prevtde aid malatola the pa tola tor tto The eaatraeto, part «I HDB's Palat Maaafaetorara' Scheme, rail far palat with a Bw year gaaraatoe, the external ia tot mil at iw HM fltto. Uader IMb Smeton aeed '«liy'L*
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  • BRIEFLY...
    • Article
      Lock icon New Japanese envoys
      66 1 UPI THE Japanese Government has named new Japanese ambassadors for Singapore and Pakistan. Hiromu Fukuda, director-general of the Japanese foreign ministry's Economic Affairs Bureau, will replace Toshijiro Nakajima as ambassador to Singapore, and Shinichi Yanai, a foreign ministry counsellor, will become the new envoy to Pakistan, replacing
      UPI  -  66 words
    • Article
      Lock icon US ban to continue
      92 1 Reuter AMERICA will not change its basic decision to ban the sale of US technology and equipment for the Siberian gas pipeline, in spite of pressure from the European Community to do so, US Treasury Assistant Secretary for International Affairs Marc Leland said. While some technical
      Reuter  -  92 words
    • Article
      Lock icon British inflation
      63 1 AP BRITAIN'S annual inflation rate fell to 8.7 per cent in July, its lowest level for 314 years, the UK government announced. The figure compares with 9.2 per cent in June and is in line with predictions by Prime Minister Margaret Thatcher's Conservative government that annual inflation will
      AP  -  63 words
    • Article
      Lock icon Tax raising bill
      50 1 Reuter AMERICAN congressional tax negotiators made major headway on the U5596.9 billion tax raising Mil eagerly sought by President Reagan to cut federal budget deficits. Following a marathon session, the group agreed on proposals to raise over $13 billion in taxes over the next three years. Reuter
      Reuter  -  50 words
    • Article
      Umno post contested
      74 1 MR ANWAR Ibrahim has announced he will contest the Umno youth leader post in next month's election. With the decision, Mr Anwar will be the only candidate challenging the incumbent leader, Datuk Haji Suhaimi Kamaruddin, who has already said he will offer himself for a third term
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    • Article
      Lock icon Festival cancelled
      59 1 AFP A THREE-DAY pop music festival in Hongkong has been cancelled a day after a local newspaper reported that anger over the scheduled appearance of two Japanese singers was hurting ticket sales. Anger has been mounting in Hongkong over revised Japanese textbooks that tone down accounts of the
      AFP  -  59 words
    • Article
      Lock icon Told to resign
      56 1 UPI A leftist Mexican opposition party has demanded the resignation of President Jose Lopez Portillo, accusing him of bankrupting the country with his economic policies. "The fundamental decisions in politics are taken solely by one Eton, and in the past six years he produced chaos in the
      UPI  -  56 words
    • Article
      Lock icon Corn prices
      28 1 UPI THE US government is forecasting a drop in 1962 corn prices due to predictions of a record harvest of corn and other feed grains. UPI
      UPI  -  28 words
  • Article
    US share prices may recover in fourth quarter
    254 1 A NEW YORK investment banker and former US Treasury adviser, Mr Peter Solomon, yesterday predicted that US share prices will recover in the fourth quarter of this year. This upturn in equity prices will coincide with the start of a slow recovery
    254 words
  • Article, Illustration
    A week that brings painful memories to investors
    409 1  -  By NAJEEB JARHOM THIS week will long be remembered by Singaporeans for the elaborate way in which the nation celebrated its 17th National Day. But for stock market investors who joined in the merry-making on Monday, the rest of the week brought
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      243 1 Times IKMDSZ THE amount of the Malaysian government's jumbo loan is now confirmed at US$l.l billion with a total of 70 banks involved in the lending Page 2 WITH neither President Reagan nor Western Europe showing signs of retreating, a collision over trade with the Soviet Union could come as
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    • Advertisement
      Page 1 Advertisements Column 2
      139 1 i J You've got to be good to play MacGregor The MacGregor 693. Oassic woods with the rounded flowing face and high crown. Made famous in the '40s and '50s as a model club on the MacGregor Tommy Armour. Now styled and crafted in the traditional excellence of the originals.
      139 words
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      Page 1 Advertisements Column 3
      3 1 Bee page 4
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    • Advertisement
      Page 1 Advertisements Column 4
      47 1 Companies' Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) rsx vV <• IZ ilr V/ w ar I*MV BtOI a Friendship Cutty Saik Scotch Whisky Distilled, Wended and bottled in Scotland. Sole Agent: 4 Hock Tong Bee Pte Ltd p 347, Bukit Timah-Road.S'pore 1025
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  • BANKING AND FINANCE
    • Article
      Additional loan of US$100m for KL
      399 2  -  By BERNADETTE CHOOI THE AMOUNT of the Malaysian government's Jumbo loan is now confirmed at US$ll billion with a total of 70 banks involved in the lending. Though the loan was over-sub-scribed by US$l5O million when the syndication closed last Friday, the government only
      399 words
    • Article
      Lock icon Al-Rajhi debt claims
      143 2 Reuter THE Saudi Arabian Monetary Agency (Sama) has asked foreign companies involved with moneybroker Abdullah Saleh Al-Rajhi Co to submit claims for debts in writing, banking sources said. They were requested to submit documents proving their debts to auditors Whinney Murray and Co, who were appointed by
      Reuter  -  143 words
    • Article
      Lock icon Tokyo offshore centre seen as inevitable
      465 2 Reuter JAPANESE vice-minister for international finance, Kiichi Watanabe, said the introduction of an offshore banking centre in Tokyo is inevitable in view of the growing weight of the Tokyo market in international financial transactions. But he added it will take "rather a longer time
      Reuter  -  465 words
    • Article
      Lock icon Hongkong M3 up 3.5pc in June
      232 2 Reuter HONGKONG'S aaeaey «apply MS rase by W per eeat la Jaae mr May to HK&LIi Mlttaa averall, while the total earreaey etaptacat fell mm penraat with a laeathly rtoe af Lt per eeat aai a tail af LS per eort respectively to May,
      Reuter  -  232 words
    • Article
      Minneapolis bank to set up office
      270 2 FIRST Bank Minneapolis has set up a representative office here, becoming the first American bank from the Upper Midwest region to have an office in Asia. The bank, with assets of US$5.l billion, established the office here for trade financing and to serve its
      270 words
    • Article
      Lock icon Commercial Union dividend
      236 2 Reuter COMMERCIAL Union PLC's (CU) decision to declare an unchanged interim dividend at 4.85p a share, after regular increases in recent years, does not necessarily rule out an increased final, chief executive Cecil Harris said. But this year, with six-month pre-tax earnings down to £14.2 million from
      Reuter  -  236 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        484 2 THE US dollar was traded on a quiet market against major currencies yesterday. Rates moved within a narrow margin and saw the dollar easing in general. The US dollar against the local unit opened at 552.1710/25 and moved within a narrow margin in line with the other currencies.
        484 words
      • Article
        Hongkong
        152 2 THE US dollar yesterday eased against major currencies in late trading following lower overseas Indications, dealers said. Lower Asian dollar deposit rates also contributed to the dollar's late softness, they said, noting exchanges were quiet for most of the day. Dealers expected a rise in latest US M-l money
        152 words
      • Article
        Tokyo
        169 2 THE dollar for overnight delivery closed yesterday at the day's low of 261.90 yen, after the 262.10 opening and a high of 262.60, as operators squared positions ahead of the weekend, dealers said. This was below the 262.10/ 25 close in New York overnight, and well down on the
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      • Article
        ASIAN $
        142 2 ASIAN ASIAN currency deposit Interbank rates as at close on Aug 13: US Dollars* Spot) Off.r BM 7 days lift 11M 1 month 118/16 117/16 2 months 121/16 1115/16 3 months 127/16 12 5/16 6 month* 137/16 13 5/16 9 months 13* 13* 12 months 13* 13* DM fWtiJL n
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      • Article
        Discount
        44 2 RANGE of price* offered by discount houses on Aug 13: Overnight: 1% 3V.* Call deposits: 3V,% Closisf Baying SslllM 3-month Treasury bills 3H 3* 3-month Bank bills S3/16 >1/1« 3 months CD 7% 7* 6 months CD t 71* Source: National Discount Co
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      • Article
        Gold
        250 2 GOLD futures in Singapore yesterday closed generally firmer than overnight levels in light trading. Prices were marked up around US$5 an ounce at the outset reflecting the metal's strength in New York and Hongkong and then the market fluctuated narrowly throughout the session. Total sales for the day, including
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      • Article
        Silver quotes
        35 2 New York 6.2ZB 6.23B 6.296 6.JOS Zurich C.12B 6.4TB 6.22S 6.57S T -1 Singapore hmvb 6.17B WW 6.20B 6.27S 6.30S Closing prices in US dollar* a troy ouno B. Source: Credit Suisse, S'pore.
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      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.35 per cent.
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      • Article
        Treasury bills
        48 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from August 17 to August 20: Offered: $140,000,000 Applied for: $300,500,000. Allotted: $140,000,000. Accepted kids: $99.15 approximately 26 per cent; higher bids in full. Average rate d dlscenat aUetmeat: 3.360 per cent per annum.
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      • Article
        London
        46 2 THE dollar was steady yesterday in thin, pre-weekend trading after opening sharply lower, dealers said. Opening quotes yesterday were: US 1.7O60/70T0 Can 2.1396/1416 Cross 1.2546/49 D Mk 4.2625/75 D F1 4.6925/75 S FY 3.6500/50 B FY Con 81.40/53 F FY 11.8600/8850 Lit 2378.25/2380.75 Yen 446.95/497.45
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    • Article
      Lock icon Improvement in West German current account
      441 2 Reuter THE West German current account was heading towards a balance in the first half of 1982, with a deficit of one billion Deutschemarks, after 15 billion marks in the first half of last year, the Bundesbank said in its monthly report. The small
      Reuter  -  441 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      38 2 I k 1/t bmbmhml i m V «v 19 3 fSv_ -s Ml W <V V.Vf. <i *.y ■V Sponsored by: in association with the National Tourist Organisations of Hongkonc Indonesia, Japan, Korea, Malaysia Philippines, Taiwan and Thailand.
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    • Advertisement
      Page 2 Advertisements Column 2
      165 2 The Hospitality Industry Is Big Business! If you are seeking an introduction into this lucrative market, Hotelex '82 is for you! We invite you to exhibit in the second Hotelex series. This exhibition is officially supported by the Singapore Hotel Association (S.H.A.) and offers a unique platform to market direct
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      153 3 o« A^(A p a© c^ —A sp rr >C 2 rr y ,A V Sew fml 1 t s J$W?&l I/' _-tfV lh?, CcJ m v) A\' r <= ~~\Y; 00 1 C\P to newer and larger premises at f \~~y~ SHELL TOWER, RAFFLES PLACE PT this weekend and the
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  • OVERSEAS
    • Article
      Lock icon Two companies show interest in buying Cities Service
      412 4 NYT THE Phillips Petroleum Co and the Union Pacific Corp have displayed more than a routine interest in discussing the purchase of the Cities Service Co, sources close to all three companies said. Allied Corp, moreover, which eliminated itself earlier as a
      NYT  -  412 words
    • Article
      How Seoul builders win W Asian contracts
      175 4 SOUTH Korean construction companies won contracts in West Asia worth US$B billion in 1980 by providing complete factories built with contracted labour. A report by the International Labour Office said that more than 100,000 South Koreans were working in West Asian oil producing
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    • Article
      Lock icon Collision over trade with Soviets expected
      585 4 NYT WITH neither President Reagan nor Western Europe showing signs of retreating, a collision over trade with the Soviet Union could come as early as next week, some European officials believe. The differences are deep between the president and the European allies over Reagan's
      NYT  -  585 words
    • Article
      Lock icon Dupont is largest chemical company
      142 4 UPI THROUGH its acquisition of Conoco, Dupont has leapfrogged over West Germany's Big Three chemical companies to become the world's largest. According to the annual Chemical Age 200 Survey published in Magazine Chemist, West German companies Hoescht, Bayer and Baff were pushed down to second,
      UPI  -  142 words
    • Article
      SHIPS IN PORT
      410 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Builder n 22 Thong Soon alongside 14.8.82/2300 Nauslcaa 47 Optorg alongside 14.8.82/1830 Ned Hongkong 3/4 Ned-EAC alongside 14.8.82/0600 Perak 20W SSPL alongside 14.8.82/1100 Regenstein 45 J Manners alongslda 14.8.82/0600 Sea Rejoice 6/7 Spore Shpg alongside 14.8.82/2300 Seng
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    • Article
      Lock icon Mounting pressure for lower UK rates
      444 4 Reuter AN unexpectedly sharp fall in industrial output is intensifying pressure on the British government to reduce interest rates further and to take new measures to stimulate the economy, stockbrokers and economic analysts say. Thursday's news of a 1.7 per cent fall in manufacturing
      Reuter  -  444 words
    • Article
      Lock icon Socal predicts rise in US oil imports
      363 4 UPI THE US will kMMM toetgTstrte ■weTtmestte ail needs threagh toe cad sf tote eeatory. Tm Bans, aceaeadat at Standard Oil Ce af Calif ar■la (Saeal), yesterday aaM to the eaanpaay'a Wtrli Energy OmtUmk: IJRMW» that I 8 afl pi^aettoa toe cad sf
      UPI  -  363 words
    • Article
      Lock icon Expansionary budget from Fraser likely
      391 4 AFP THE Liberal Government of Prime Minister Malcolm Fraser is expected to make a huge economic roundabout with an expansionary budget to enable a re tightening within a year, and create the best atmosphere possible in the event of a snap election when it presents
      AFP  -  391 words
    • WORLD IN BRIEF
      • Article
        Lock icon SUZUKI CO IN PAKISTAN
        481 4 Agencies PAKISTAN is to produce 25,000 small cars, vans, pickups and Jeeps annually in a Joint venture with the Japanese carmaker Suzuki, starting next month. Production Minister Saeed Gadir yesterday said the commercial production of cars at a local assembly plant would probably be inaugurated by
        Agencies  -  481 words
    • Article
      Lock icon Tokyo opposed to US vehicle bill
      431 4 UPI JAPAN has voiced formal opposition to a bill pending in the US Congress which would require non-US carmakers to use Americanmade parts in vehicle exports to the USShintaro Abe, International Trade and Industry Minister, said the local contents legislation "violates" rules of the
      UPI  -  431 words
    • Article
      Lock icon AEG asks foreign banks to maintain credit lines
      356 4 Reuter AEG Telefunken has asked its foreign creditor banks to maintain existing credit lines. In a statement released in Frankfurt after a meeting with the creditor banks in Zurich, AEG said a plan will be devised over the next few weeks to
      Reuter  -  356 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      756 4 ARRIVALS Service Local Operator Number Time From PAA PA005 0025 JFK/SPO/HKG FT FI71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 0050 TPE SLA SQ101 0805 KUL MAS MHfiOl 0920 KUL MAS MH682 0945 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL SLA SQ201 1030 HLP CPA CX71Q 1035
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  • TRADE AND INDUSTRY
    • Article
      Hong Seh wins National Car Rental franchise
      365 5  -  By NAJEEB JARHOM National Car Rental, a leading US car rental group, lias appointed Hong Seh Motors Pte Ltd to operate its franchise in Singapore. Hong Seh Motors is a wholly-owned subsidiary of Song Seh Co Pte Ltd, a local trader in chemicals,
      365 words
    • Article
      Tractors (S) upgrades repair and service areas
      145 5 TRCTORS Singapore Ltd, the dealer for Catepillar tractors, has spent more than 1500,000 to upgrade its repair and service workshop. -This was undertaken under its "quality engine rebuild programme", which is designed to increase productivity by 30 to 40 per cent and reduce
      145 words
    • Article
      PRODUCTIVITY VISIT
      101 5 ■NATIONAL Productivity Board officials will be visiting 20 'companies to gather feedback on what has been done to •improve productivity within the firms concerned as well as reasons if nothing has been done in this area. This face-to-face survey involving management and union officials will begin at the
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    • Article
      MEMO PAD
      648 5 SEMINARS AND COURSES Aug 12-Sep 7 (Tuesdays and Thursdays): Quality Control Circle Facilitator Training Course, YMCA, NPB Aug 16-20: Supervisory Leadership, Institute of Education/Bukit Timah, NPB Aug 16-20: Teamwork and Group Performance, YMCA, NPB Aug 16-20: Manufacturing Quality Control Techniques, Institute of Education/ Bukit Timah, NPB Aug 16-20:
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    • Article
      SDF to pay 70pc of robot mission expenses
      320 5 PARTICIPANTS of the Singapore Robotic Association's study mission to Japan next month will only need to bear 30 per cent of the mission expenses. This is because the Skills Development Fund Committee has agreed to finance 70 per cent of the total
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    • Article, Illustration
      PEOPLE IN BUSINESS
      294 5 CITIBANK NA has announced the appointment of G 8 Talwar as regional business manager of its Consumer Services Group for Singapore, Malaysia and Indonesia. The Consumer Services Group is responsible for Citibank's business with individuals and small companies and for Citibank's branch network in the three countries.
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    • Article
      More than 3,100 undergo fire safety training
      157 5 MORE than 3,100 employees from nine major organisations including Yaohan, Iseta n, Emporium Holdings, Hilton and Hyatt hotels have undergone the fire safety education training programme conducted by the Singapore Fire Service. The training scheme is' part of the Singapore Fire Service's overall
      157 words
    • Article
      CNC machines training centre under study
      413 5  -  By ANGELINE TAN THE Vocational and Industrial Training Board is considering setting up a centre to train workers in the use of computerised numerically controlled (CNC) machines. Such a set-up appears timely as many industries in Singapore are turning to CNC machines of which
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      179 5 I-:..; ■JfWiw v.. m: r rw immA *■< :;<#■ I I b' f ift K !j v tHS£-AS B>\, it 311 w HI ill 111 ill w^m mr&?y. Y4 W3«loBP?*P®«'' If you've driven around Boon Lay recently, the appearance of a new bank could hardly have escaped your notice. Our
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  • Article
    Send in the clones?
    440 6 THE BOYS From Brazil is a novel in which sperm taken from Adolf Hitler is artificially inseminated into a number of women, thus producing the offspring of the title. Considerable havoc results, not least in California, where some of the boys finish up. It was a
    440 words
  • Article, Illustration
    Lock icon Frisco faces the crunch
    981 6  -  Come Sep 21, San Francisco's famous cable cars will close down for 20 months for a major overhaul. San Francisco depends a great deal on tourism, so it is not unnatural that with the number of tourists already down this year, the closure of the city's
    NYT  -  981 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      326 6 and give yourself and your family the Bntannka advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about.) Certainly there's no better tool
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      836 6 IN 7*o Age at Vmmrtmtaty The MmmdMrh Rew/mttm (Ch 8, IMfm), PntaNr Galhratth recalk Ike pakliMfln W Jahn llajMri Keyaea* bMk, "The Geaerai Tkeary ti Emptoymeat, laterect kid Mmey". Be the beak ui tke i id at Harvard way la which eaaae le he Dean w+m the Satarday Night Marie
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  • Article
    Lock icon The link between alcoholism and genetics
    537 7  -  By D'VERA COHN UPI INHERITED tendencies, m well ns family enviraameat, play a pari la whether boys and girls grew if to beeeme alcohoMcs, a US government reeeareher whe stadied adopted children said reeeatly. It Is well established that nleehettsm raw la families, bat
    UPI  -  537 words
  • Article, Illustration
    Lock icon Measuring drunkenness
    481 7 Research by two Australian scientists has given the lie to the view that the amount o! alcohol in a person's body is an objective indicator of inebriation. One of the researchers, geneticist Dr J B Gibson, says the once popular method of having a person walk a straight
    AIS  -  481 words
  • Article, Illustration
    Lock icon Jaguar shows how ego massage helps sales
    1082 7  -  While other car makers in the US are desperately trying to keep out of the red, Jaguar is posting spectacular sales figures. This report looks at what Jaguar has done to achieve this, and at the Jag that appeals most to prestigeconscious Americans.
    NYT  -  1,082 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      650 7 CRYPTIC PUZZLE AC3MMB 4 Lax as misers may be 7 la which to drink to an 'ealthy family? (8) t Flash fellow? (6) 10 Cry and die (5) 13 Rear in One fashion (4) 14 They're much picked in certain gardens (4) 15 Improve people a lot (4) If Point
      650 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      251 8 Where to wine, mm with the American Express Card 'm I ?***>' r v The true Sngapcrr flavour popular Nonya Buffet V* Luncheon at a special P rice tongue just to name a few. Take your pick, it's great food, going for a song! Come from 12 noon to 2.30
      251 words
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      Page 8 Advertisements Column 2
      188 8 Ml For sushi. For teppanyaki. For other authentically Japanese delights. O/v; I' >'( I i l (>r rest'riHitH >ns call 1 /<> i'i Jk® m 1111 r\ I i I'U i< 'i*; n« >i i i i| >< >r< NUTMEGS offers JAZZ BRUNCH on Sundays 10.30 am.-3 p.m. $21 per
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      Page 8 Advertisements Column 3
      236 8 I he perfect end to a romantic drive. iiyi: OYI ISjM.S K i I t K S I Ihi i Lirntk l.ip- ri.r p.i'ni <re. Iv uirtMim ill.km .tJe» uniukt .t r,ot of ijtivikt', Hie ,i;r ;«iu\iv\ u:rh till- m fiir 'I j\Tf,;rr.rJ N>tT, driU'tO.i tTV vpiM.,! p| tUl "H
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    • Advertisement
      Page 8 Advertisements Column 4
      200 8 Jazz up >our favourite drink with the Louis Tan Three-Q r i S Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night. 9 It's the nicest way to jazz m ...i up your favourite drink. A great place to be. a Dine in
      200 words
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      Page 8 Advertisements Column 5
      159 8 Itfeasgood as going to Bangkok. Y (kf 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 m 0
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  • RAW MATERIALS
    • Article
      WHEAT
      194 9 &THEAT futures in Chicago Qb Thursday rallied late to settle on day's highs, up two US-cents a bushel to off cent in thinly traded «lay. Traders said heavy professional demand all day started the late recovery, and nervous local jriiort-covering forced Qalues to the plus side as huy-stops were
      194 words
    • Article
      SOYBEAN
      234 9 jSDYBEAN futures in Chicago on Thursday recovered ftom day's lows late on Weal profit-taking, to close gjo22Vi US-cents a bushel said buy-stops &re triggered once new day's highs were reached, taking prices further off day's lows. Wednesday's forecast by the USDA for record 1982 corn and soybean production sparked
      234 words
    • Article
      PALM OIL
      123 9 JHE Kuala Lumpur crude palm oil market yesterday closed slightly higher on covering support ib moderate trading, dealers said. in August central rose M 52.50 to $667.50 a tonne while south and north were traded unchanged at «75 and $670 respectively. September in central firmed $5 to $670
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    • Article
      LONDON MARKETS
      990 9 COFFEE: Robusta futures were steadier at midday yesterday, between £5 and £10 a tonne above Thursday's close in traded positions. Dealers said some light local dealer buying towards the end of the session lifted nearby prices from slightly easier opening levels. Dealers said there was little feature and
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    • Article
      CLOSING PRICES
      32 9 Rubber: Aug 13 Singapore: Sept: 181.25 cents (up 2.25 cents) Malaysia: Sept: 201.50 cents (up 2.50 cents) Tin: M 529.15 per kilo (unchanged) Official offering: 185 tonnes (up 14 tonnes)
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    • Article
      Straits Tin
      59 9 THE STRAITS TIN price in Penang yesterday remained at the ITA floor of M 129.15 a Idle, dealers said. They said the buffer stock manager maintained major support of yesterday's disposal In view of the continned absence of foreign Interests. Tnrnover rose slightly to 185 tonnes from 171
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    • INTERNATIONAL STOCKS
      • Article
        TORONTO
        122 9 MKJU Mrtutri c* u M MMD SakMoot Bonk Norm Scotia ■all T*> Mft unch If 23 unch BP CUl Ud kHtw 8H l»* 14* ISft +V4 flUfMLik* Qui lap Bk i 1 -ft Opmtryo Cooafttertenor SI t* B DMIM Onimi BM SUM B -ft unch BMlto DM* MIDM •1
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        Amsterdam
        111 9 *uo u m k MM +M WIM +0J too BJO +«J *M*V IIJ> Vdl Amnu Amrotak TIJO 41M -u -u S3°" 22.10 -0J Bolt MJO 27 JO -u •1 DtUftttj tnnia ma uuo 0J 0J ugwh tut -u (MHf ma 0.1 Oofcaln HauMriwn M14 too -0J ♦OJ Hoofowni 100
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      • Article
        Paris
        158 9 AUO13 rn CORBKILLE Alr-Uqukto B 8 NOmk DUMM UN -16 CSP (ThoouooCrt) l*> Ct* Prmoealae «M IWpt— CnOtroodn Dt Prsae* J*T -1 Hadwcw (IJtnMt) +s MachlaMBuU BJB +0J MtctMim (B> am PWfWf m* -M PtuSps (Ht Own if—2m 71 -*1 Prtnumps 8 A m +1 Ror*J Dutch WT -1
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      • Article
        Frankfurt
        45 9 m IMo BXkr 114.10 41 ■m r 1M.40 -U RST lttOO ♦0l» rat-Asfi XHIC -L• Dtnvt| Dntaeh* Bank injo -i m«o -i.i OHH mm hid Itllllg Rw« ST A 177JH ITtM WIM mm 0J 0J ♦<u HUB M 1-1.7 -S tarn VolkavacHi MMt uneti
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      • Article
        Zurich
        125 9 39 1 'l ,pd I t 1 '\< 1 .J 1 ,i "Tpwwf 2*^VTVI K f CradUSutaaaBaf «mel» hMmMtk Ooor«i nac&ar Br OttmaPc m Hero Br. *1» Hoffman La RoctM vm mm -m Hoidartank Br V» ■< Inwrfood Br. MM Jaimotl Br UB Motor-CoiumDua 410 audi NmM Br. mm
        125 words
      • Article
        Ford to buy 750,000 shares of its common
        73 9 FORD Motor said it will purchase up to 750,000 shares of its common in the open market from hm» to time at prevailing market prices. It said the stock is being purchased to eliminate the dilution that resulted from the firm's recent
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      • Article
        Milan
        3 9 Source: BCI
        3 words
      • Article
        Brussels
        77 9 FORWARD MX KM Artoad Ajtur Bntcu Bra-Lamb OtflMT fZ-t lRJ MM m ism IflM 133 SET -4 :f iM 1 onch 1 BMtM Ob-Inao-Bm o»» Hotet 1 hub ar* \m mm m IIM **m 14M IX* 1 -M ill k 1 iioch 1 aneh 1 -M 1 I meh
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      • Article
        Bankruptcy filing causes setback in stock prices
        878 9 NEW YORK A BANKRUPTCY filing by a government securities trading house on Thursday caused a setback in stock prices after the market had been higher most of the day. The Dow Jooes industrial average closed off 0.29 to 7T6.92 after being higher most
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      • Article
        JOHANNESBURG
        161 9 ADO IS and INDUSTRIALS A AlpiU m no m 0 anrh At Ami" »«nr m CM A < CWkriMM 1 m -00 onefc D» Bnn lad Mm MM STvott ragit.... mm 1 W unch m maeh 730 Uonrtio at 1*0 0 LTA~ M And R Mccartby M MO M
        161 words
    • Article
      RUBBER
      324 9 THE Singapore rubber market yesterday closed steadier with September One RSS buyers quoted at 181.25 cents a kilo, up 2.25 cents from Thursday night, dealers said. The market gained some two cents during quiet morning trading on some speculative buying and covering interest. Prices advanced further in early afternoon
      324 words
    • Article
      RAS PRICES
      337 9 RAS prices In cent* per kilo yesterday Noon (per Idlo) Duyert Sellers Int. 1 R.S.S prompt f.O.b. 182.00 183 00N Int. 1 R.S.S. September 1*175 111.25 Int. 1 R.S.S October 180.75 1*1.25 Int. 2 fLSS. 172.50 174.50N UK/Coot 171.50 173.50N Int. 3 R.S.S. UUO 189 SON UK Coot
      337 words
    • Article
      SSR and SMR
      101 9 NOON SSI t i 1 i ord»r (A1 (Cams! Hjin 1 160.50 156.00 »h»r I Mtk) (FonttH Mtk) SSR30 SSR SO (l-toa paibt) ll-Mpdhtl 161-SON 1M00N ttrm w 161 SO 1M-00 162. SON 160.00N MRKLB SMRCV SMRL SMR S SMR CP SMR 10 (1W paU«> < 1
      101 words
    • Article
      Physical orders help to prop up sentiments
      287 9 THE week saw the final squeeze on the outgoing August position in Singapore, which was traded at a premium of four cents and some 3Vi cents up overall. Price movements in September One RSS were minimal, however, alhough sellers were more cautious in
      287 words
    • Article
      Australian drought beginning to spread
      273 9 THE AUSTRALIAN drought, especially in the biggest wheat belt area of New South Wales, has begun to spread without any sign of a break in the weather. Estimates for the 1982/83 Australian wheat crop continue to fall, both officially and in the opinion of local
      273 words
    • Article
      Produce exchange
      174 9 CHINESE Predate Exefcaage, per 1M kg yea»terday. CMWit ail: Bulk fob $81.00 sellers, old drum (in second hand drum) fob $93.00 sellers, new drum fob $97.00 sellers. Capra: Mixed (looae) $40.00 buyers. Pepper: Muntok white pepper fob Asta NLW $310.00 sellers, Sarawak white pepper faq fob NLW $306.00
      174 words
    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20b 2,455 32s 3,140, 40b 3,300 (per bale of 400 lbs). Piece fish: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • Article
      RICE
      324 9 SINGAPORE: Yesterday's closing prices in SI per kiio, ex-godown: THAI WHITE: 100 per cent first clan (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.
      324 words
  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2235 10 BID and offer price* officially U«ed and business la aad reported to the Stock Exchange ot Singapore yesterday, with the mimber ot shares traded •hown in brackets in lots of 1.000 units, unless otherwise specified. BBCTION ON* INDUSTRIAL COMMBBCIAL Aema (2998) (N)
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  • Article
    SHARE INFORMATION SERVICE
    2882 10 1982 High Low Company Last Sale +orGr'. D1t Dlv Crr Gr's Net YTd P/E Vol Day COOO) High Low SECnON ONE INDUSTRIAL ft COMMERCIAL 380 M7 Acma Alcorn 233 135 Allied Choc 308 225 BAT m 318 Bata 141 88 Ben BerjayaKapat 281 138 Boustead 488 248
    2,882 words
  • Article
    In Kuala Lumpur
    1703 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUSTRIALS Acm (3.ISS) Ijr~-riti (2.986) AIM (LO4B 1 OSS) (5) 1 03
    1,703 words
  • Article
    Share index up 10 points
    810 10 THE naach hsped far techaical rebaaad at last came ta the Singapore ateck market yeaterday alter 12 eaaaeeattvc tradlag days af laceaaaat falla. Bargala haatlag aad ahart eeverlag actlvltlea were fairly widespread. Tradlag waa exceptionally active. Mere thaa IMB milHea shares chaaged heads with Stagapare
    810 words
  • Article
    Stocks rally in Kuala Lumpur
    405 10 SHARE prices closed the week on a steady note on the Kuala Lumpur stock market yesterday with turnover much reduced. Most sectors were taken higher, especially industrials. Prices rose for most of the day although a late withdrawal of interest knocked values off their day's
    405 words
  • Article
    Unit trusts
    184 10 hngap OU VNITTBUR DIAMOND MO 1 r STOKE The Comma W prtaaa tar Aag 1|) nee 1« ra (Mi mm' prtaaa tar Aag MAM) ;>vamood The Savings Find 1.35 1.42 S'pore Fd (US») 0.53 0.57 S'pore Prof Fund 1.10 L15 SI 1.13 1.24 S'pore Sac. 1 1.60 l.ttxd
    184 words
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  • COMPANY NEWS
    • Article
      Berjaya Kawat faces difficult times ahead
      565 11 WIRE manufacturer BerJaya Kawat Bhd is bracing itself (or difficult times ahead, particularly with the increased local and foreign competition and the generally weak market for its products. The group, however, hopes that the Malaysian government would rationalise the import tariff levels for the
      565 words
    • Article
      Lock icon Motorola defends new unit
      551 11 Reuter MOTOROLA Inc says its acquisition in March of Four-Phase Systems Inc for US$253 million was another move towards meeting its objective of becoming a high technology company. Analysts agree the company is on the way to achieving this goal but are divided about the wisdom
      Reuter  -  551 words
    • Article
      Lock icon Hongkong uneasy in spite of market upturn
      254 11 UPI HONGKONG'S ptuutettag market prims and pftaie •eUlag trailed y«rterday, Ml W market* aatll qaesttoae akeat the tatare 4 tae Britiak eeleay are aaawered. ««Ike akat term lattiik to keartak," aU a fereiga exekaage trader. «It «01 remala m aatU Mn Tkatoker mU
      UPI  -  254 words
    • ASIAN STOCKS
      • Article
        Sydney
        366 11 PRICES yesterday eased in quiet trading and the All Ordinaries index closed 4.5 points off at 459.8. BHP dropped six cents to A 56.58, CSR lost four cents to $2.60, TNT fell five cents to $1.40 and ICI was one cent lower at $1.43. Banks were weaker with the
        366 words
      • Article
        Bangkok
        177 11 PRICES yesterday closed mixed and turnover fell in weak trading, dealers said. The Book Club index fell 0.33 point to 94.09 on turnover of 7.2 million baht. Maboonkhrong gained two baht to 172 and First Trust one to 38.59 while Siam Cement fell two to 207 and Siam City
        177 words
      • Article
        Market closes higher
        315 11 HONGKONG STOCKS yesterday closed higher but off best levels in a market lacking confidence, brokers said, noting initial gains mainly resulted from technical adjustments. The early recovery was led by an overnight upturn in the price of Hongkong shares quoted in London and the correction continued until
        315 words
      • Article
        Tokyo shares recover
        435 11 THE stock market, led by blue chips, yesterday staged a modest recovery from its recent sharp slump, with sentiment aided by the yen's steadier level against the dollar and the slight fall in some US interest rates overnight, dealers said. The market average recovered 47.46 points to
        435 words
      • Article
        Manila
        172 11 STOCKS closed mixed with turnover sharply down to 3.7 million pesos from 5.4 million pesos yesterday. The commercials and industrials index fell 3.03 to 87.97 and minings 3.75 to 883.74 but oils rose 0.041 to 2.225. Bask Petroleum rose to 0.014 from 0.0135, Phil Overseas to 0.035 from 0.033,
        172 words
    • Article
      MUI's finance division assuming bigger role
      1392 11  -  Market Talk... By CHRIS LIM WITHIN a period of three years, Malayan United ladastrtes has been transformed from "an unremarkable third line manufacturing company into a diversified multinational group", with interests ranging from cement manufacture, sugar refining, trading, banking, properties and hotels. Mr Richard
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      115 11 NOTICE NOTICE IS HEREBY GIVEN that, I Yukle Cheng Nee Suzuki of No. 30-G River Valley Close, Pacific Mansion, Singapore 0023, have applied for a First Class Public House licence In respect of premises at Unit 0433, 0434, 2nd Floor, Orchard Road, Singapore 0022, and that this application will be
      115 words
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      Page 11 Advertisements Column 2
      359 11 ABOUT THE MAN We know him as the outstanding leader of labour; (but) there is much more to the man and to his history that make him both a presence and a symbol. For Devan Nair is indubitably among the Singaporeans who gave and fre giving much to create our
      359 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      138 12 Rises Indices aso 900 484 50 +40 Aug 12 Aug 13 Troaofc MImi C Sugars Dukf M BT Indicator: liorn *****5 32 ST Industrials ***** ***** 310 +30 ST Finance 1433.00 1443.37 Perlia PUil 371 18 ST Hotels: 980.27 999.18 Pvblic Baak 718 300 ABO 606 16 16 15
      138 words
    • Article, Illustration
      KUALA LUMPUR
      167 12 BLUE CHIPS M the widely expected technical recovery on tin Stock Exchange of Singapore yesterday, with sentiment aided by the Improvement in Hongkong. The Straits Times Industrial Index finished with a spirited II.M-point gain to after having lost a huge 12M7 points In the preview 12 conseeative sessions.
      167 words
    • Article
      Selected indices
      47 12 FINANCIAL T1ME8 INDUSTRIALS Thursday 544.9 Wednesday 547.4 Week Ago 559.7 Friday 994.34 Thursday 966.36 Week Ago 1168.62 AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 778.92 Wednesday TJ7.21 Friday 609.1 Thursday 614.7 Week Ago 619.8 ALL ORDINARIES FTMBY J. H.K.HANG SENG Thursday 464.2 Week Ago 467.4
      47 words
  • Article
    Trading in Johan to be resumed
    157 12 TRADING in Johan Holdings Bhd's 272,000 shares of M|l each will resume on the KLSE from Aug 17, on an immediate delivery basis. In addition, a total of 28,854 million shares 5.75 million shares issued as consideration for the purchase of Kayjaya Sdn Bhd
    157 words
  • Article
    Guinness (M) changes fiscal year-end
    85 12 GUINNESS Malaysia Bbd has changed its financial year-end to Sep 30 from Aug 31. The company said the change was made to conform with the financial year-end of its parent. Guinness Overseas Ltd, London. Guinness Overseas holds 51 per cent of the equity of Guinness
    85 words
  • Article
    LONDON STOCKS
    755 12 GOVERNMENT bonds continued firm but equities were mixed yesterday mixed, dealers said. The Financial Times index at 3pm was down 1.6 points to 543.3. Hopes of lower UK interest rates again boosted government bonds and the remaining up Treasury 12 per cent 1987 'A' was exhausted in early
    755 words
  • Article
    Lock icon DOW JONES MIXED
    54 12 AP THE NEW YORK stock market was mixed yesterday morning, steadying after yesterday'» late decline. The Dow Jones average of 30 industrials rose 0.7S points to TTIM in the first half hour. But losers held a 5-to-l lead over gainers in the early tally of New York
    AP  -  54 words
  • Article
    Hong Leong Finance, Sinfin profits jump
    451 12  -  Companies Editor: Mano Sabnani By MANO SABNANI AMIDST the general gloom about the economy, the two Singapore-based finance companies in the Hong Leong stable have achieved creditable results for the first six months of this year. Hong Leoqg Finance, the larger of the two
    451 words
  • Article
    Aseambankers' earnings rise to M$6.3 million
    434 12 ASEAMBANKERS Malaysia Bhd has achieved its best performance ever during the year ended Dec 31, 1381, in spite of the slightly adverse economic conditions prevailing, chairman Datuk Jaffar bin Hussein reports in his latest annual address. Group pre-tax profit during the year jumped more
    434 words
  • Article
    Premium Hldgs confirms merger with Landmarks
    340 12 PREMIUM Holdings Bbd has coofinned that it is considering proposals for the takeover of two Kuala Lumpur landmarks the Regent Hotel and the Sungei Wang Plaza. Both Regent Hotel and Sungei Wang Plaza are owned by Landmarks Corp Bhd, a 70 per cent owned
    340 words
  • Article
    KLSE queries Lien Hoe
    145 12 THE Kuala Lumpur Stock Exchange has asked Lien Hoe Industries Bhd whether the Malaysian Foreign Investment Committee has approved the recent appointment of two Peck Hua representatives to the Lien Hoe board. The two new directors on the board are Datuk Chin Kim Yoong, chairman of
    145 words
  • Article
    Lock icon UE (M) on the block?
    839 12 Wring Stock... By Hock Lock Siew AT THIS time of the year when stock market conditions are anything but favourable and overall operating conditions none too encouraging, some companies have taken a beating in their share prices and a few have slipped quietly into discount
    By Hock Lock Siew  -  839 words
  • Article
    COMPANY BRIEFS
    266 12 AOKAM «a Bhd, Antral Amalgamated Tla Bhd, Ayer ffltam Tla Dredging Malaysia Bhd, Berjaatal Tla Dredgiag Bhd, Kampaag Laajat Tla Dredgiag Bhd, Kaaiaatlag Tla Dredgiag (M) Bhd, Kraaiat Tla Dredgiag Bhd, Kaala lampar Tla Fields Bhd, Malaysia Mialag Carperattea Bhd, The Saagei Beat Mlaee Malaysia Bhd, Traaafc Mines
    266 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      41 12 AVAILABLE REGULARLY AT COMPETITIVE PRICES POLYESTER/ VISCOSE SPUN YARNS GREY UNDYED 67/33% COUNTS 90S 40S ALSO DOUBLES ON CONES. WEAVERS-KNITTERS-MERCHANTS PLEASE WRITE US DETAILED REQUIREMENTS ENABLE SUBMIT YOU OFFERS AND SAMPLES. MAXWELL ROAD P. O. BOX NO: 428, [SINGAPORE MM. va
      41 words
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      Page 12 Advertisements Column 2
      278 12 One last Belgian gastronomic TALE K3RALTOJ SINGAPORE NON-BELIEVERS I his tale is about the Belgian sense I I of festivals. And it's actually no x tale at all. It's a story about a way of living that would be legend if it wasn't true. r It's about the duo of
      278 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      65 12 OUTLOOK for Singapore today: Partly cloudy throughout the day with showers likely in several areas in the afternoon. Report for 24 hours prior to 7J pm on Aug IS at the airport: Maximum temperature 31.6 Associated humidity 63 Minimum temperature 24.1 Associated humidity 94 Hours of sunshine 3.80 Rainfall in
      65 words