The Business Times, 21 August 1982
1982-08-21
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The Business Times
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Title Section11 1982-08-21 1 BUSINESS TIMES M.C.(P) No. 93/1/82 v SATURDAY, AUGUST 21,1182 60 CENTS11 words
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323 1982-08-21 1 KOH TSE YING - By KOH TSE YING MR PY Hwang, chairman of the Economic Development Board, has been appointed the new chairman of the Skills Development Fund Advisory Council. His appointment, which took effect from Aug 5, follows the resignation of Professor Lim Chong Yah.323 words
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252 1982-08-21 1 THE Government is gathering 50 companies to take part in a pilot programme to provide basic education and skills training for workers who have less than Primary Six education. The pilot scheme will be conducted along the lines of the NTUC-run Best (basic education252 words
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628 1982-08-21 1 LEE YOKE MENG - By LEE YOKE MENG THE construction of the Mass Rapid Transit (MRT) system is expected to add an average of 0.2 per cent annually to. the Gross Domestic Product. The Ministry of Communication based this estimate on the annual investment recommended by628 words
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Article147 1982-08-21 1 GOLD prices rose strongly in Singapore yesterday following a sharp jump in New York because of fears over Mexico's debt problems, and declining interest rates which depressed the dollar. In Singapore, the metal rose between US$23 and $25 for the various positions on total sales of147 words
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525 1982-08-21 1 WANG LOOK KEAH - By WANG LOOK KEAH MARINA South has been earmarked for development into a future city which will be Singapore's third major centre of urban living in the 21st century. Minister few Communications and Labour Ong Teng Cheong said Marina South, which lies south525 words
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BRIEFLY...
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Article62 1982-08-21 1 Reuter HONGKONG and Shanghai Banking Corp and Chartered Bank in Hongkong said they will cut prime rate to 12.5 per cent from 14 per cent, effective on Monday, Aug 23. The Hongkong Association of Banks said it decided at its weekly meeting to cut deposit ratesReuter - 62 words
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Article78 1982-08-21 1 Reuter JAPAN'S adjusted industrial production index in the first quarter (April-June) of fiscal 1982 fell 1.6 per cent from the preceding quarter after a one per cent fall in the January-March period, the international trade and industry ministry said. This was the first time in four yearsReuter - 78 words
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Article78 1982-08-21 1 Reuter THE Indonesian Government is poised to cut the price of some its crude oils, but is hoping that some other Opec country will buckle under the pressures of the global oil glut first. "We understand there have been government meetings on the subject and the moodReuter - 78 words
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Article64 1982-08-21 1 Reuter PRESIDENT Reagan announced yesterday he had approved sending US troops to Lebanon as part of a plan worked out by American special envoy Philip Habib for evacuating Palestinian fighters from besieged Beirut. He said that under no circum- stances would the troops remain for moreReuter - 64 words
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Article45 1982-08-21 1 AFP SONY Corporation will start marketing its filmless camera Mavica (magnet video camera) next summer for professional photographers and the mass media. The new camera, unveiled last August, electronically records images on reusable magnetic discs for instant viewing on a television screen. AFPAFP - 45 words
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Article61 1982-08-21 1 AFP JAPAN'S two major car makers, Toyota and Nissan, reported sharp growth in exports to the Common Market in July but smaller shipments to the United States. Toyota said it exported 147,104 vehicles last month, down 1.5 per cent from a year earlier and Nissan said itsAFP - 61 words
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Article47 1982-08-21 1 Reuter TWELVE members of France's banned extreme left organisation Action Directe were arrested in a dawn raid yesterday in Paris. Police swooped on several addresses and detained members of the group, which was banned earlier this week under a 1936 law forbidding private militias. ReuterReuter - 47 words
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Article70 1982-08-21 1 UPI A religious zealot armed with a hand-grenade and pistol, and threatening to shoot every passenger unless his demands were met, hijacked an Indian airliner with 73 people over northern India. The Boeing 737 jetliner on a flight from Bombay to New Delhi landed*in Amritsar, 360 milesUPI - 70 words
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255 1982-08-21 1 SINGAPORE Airlines' after-tax profit grew by a remarkable 11.5 per cent to $115 mUlton Inst year In spite t( the dawn torn in the world aviation industry. On n group basis, aftertax profit was $121 million an increase of $.5 per cent over255 words
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537 1982-08-21 1 LEE HAN SHIH - By LEE HAN SHIH TWO Japanese companies have jointly clinched a $550 million deal to build 15,000 units of prefabricated apartments for the Housing and Development Board in the next few years. The contract, said to be the largest South-east Asian construction job537 words
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Page 1 Advertisements
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Advertisement251 1982-08-21 1 Trade Shows in Asia iweßneKon semiconoucTOß inTEßnpTion«L 19-21 AUGUST 1982 World Trade Centre, Hall 2 Organized by rf'lJ" Cahners Exposition Group vJU T«t *****45 QCMDSI THE competition among banks and finance companies for deposits is intensifying as more of them open up branches in the same housing estates Page l251 words
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Advertisement48 1982-08-21 1 Worldwide management experience atyour fingertips. The compact monthly magazine offering selected condensations of management articles and books from all over the world. World Executive's Digest Now available at all bookshops, emporiums news-stands. Distributed by FEDERAL PUBLICATIONS 1 New Industrial Road, Singapore 1963 A member of the Times Organisation48 words
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Advertisement91 1982-08-21 1 Companies' Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) GRAND SLAM' by /MUNSINGNNE4R u.SA. m r« Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLASI golf shirt by Munsingwear Keith chooses GRAND SLAM because he cares about fit, function and91 words
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BANKING AND FINANCE
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491 1982-08-21 2 LEE YOKE MENG - Battle for local deposits intensifies By LEE YOKE MENG COMPETITION among banks and finance companies (or local dollar deposits 1s intensifying as more of the institutions open up branches in the same housing estates. There has been increasing emphasis on strengthening the functions of some of the branches such that491 words
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125 1982-08-21 2 AUSTRALIAN trading bank deposits rose by US$l24 million to $29.57 billion in July after falling $207 million to $29.44 billion in June and compared with the year ago rise of $37 million to $25.96 billion, the Statistics Bureau said. Total loans outstanding rose $450 million125 words
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Article473 1982-08-21 2 Reuter TRADE credits which banks will grant to Poland under a planned accord to reschedule 1982 debt payments will be extendible for up to three year?. US banking sources said this was one of the points tentatively agreed between Polish officials and a group of westernReuter - 473 words
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275 1982-08-21 2 Reuter THE Hjiliitw ef Bum Aafcuini, Italy** large* MDaa Mart to rale Mm baak I—lift, with icbU exniin*ag tto asarta by Mfe tfeuMHßhiln. la R«mt, seator m tary afflrtols «U aa laseftveaey rallag by Ike Mltos Tribaaal eeaM epea the way for rhsrgneReuter - 275 words
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Article534 1982-08-21 2 BRITAIN'S Export Credit Guarantee Department (ECGD) and France's Compagnie Francaise pour i'Assurance du Commerce (CofaceX have agreed in principle to underwrite a loan of between USIGOO million and $800 million (or a refinery expansion project of the Thai Oil Refinery Co (Tore). A spokesman for Tore confirmed534 words
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Article106 1982-08-21 2 THE first drive-in automated teller machine has been Installed by United Overseas Bank at its Boon Lay branch, which opens today. This UniTeUer, as the bank's ATMs are called, will provide customers with 24-hour banking services without their having to leave their cars. The new branch will106 words
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Article692 1982-08-21 2 UPI, Reuter THE Mexican peso plunged by nearly 50 per cent on Thursday in this year's third major devaluation expected to push basic commodity prices and nationwide unemployment to new heights. The peso dropped from 69.50 for US$l to 120 as the government authorised privateUPI,; Reuter - 692 words
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225 1982-08-21 2 Reuter FOREIGN banks operating in Japan have been allowed to participate in 10 yen syndicated loans since the categorised restrictions on these loans were lifted last May. Japanese finance ministry sources said the total amount of the yen loans in which foreign banks participatedReuter - 225 words
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MONEY AND EXCHANGES
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Article464 1982-08-21 2 THE US dollar firmed against major currencies on the foreign exchange market yesterday. The tone of trading, however, was quiet. The US dollar opened at 2.1396/10 against the local currency. Fluctuations were confined to a narrow margin with the dollar eventually closing firmer at 2.1490/10. btartaak hrnH rata*464 words
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Article151 1982-08-21 2 THE US dollar was mixed against major currencies yesterday in quiet, late trading ahead of the weekend, dealers said. The dollar rose to 2.4540/ 55 marks from an early 2.4445/65 marks but was under the US closing level of 2.4580/4600, and to 255.75/35 yen from 254.70/90, down from New151 words
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Article22 1982-08-21 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 10.35 per cent.22 words
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Article189 1982-08-21 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Aug 20: Closing Asian dollar certificates of deposit for prime names on Aug 19: U8 Dollars! Spot) Offer Bid 7 days 9* 9H 1 month 10 9 7 2 months 10H 10 3 months 10* 10* 6 months 115/16189 words
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Article45 1982-08-21 2 RANGE of prt si otter ed by discount Imwb am Aug 9: Ovcratetit: 3*.* Call dppoatti 3V„% ClMiac 3-month Bayiaf S«lliM Treasury bills 3% 9H 3-month Bank bills 7% 7* 3 months CD 77/16 74/16 6 months CD 7* 7* Source: National Discount Co45 words
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Article49 1982-08-21 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from August 17 to August 20: Offered: $150,000,000 Applied tar: $222,500,000 Allstted: $150,000,000. AeeepM Ms: $99.18 approximately 98 per cent; higher bids in full Average rats sf flseiut sa illitHtii: 3.365 per cent per annum.49 words
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Article314 1982-08-21 2 GOLD futures in Singapore yesterday closed sharply higher compared with overnight levels in light trading. Opening prices were marked up sharply by between US$lB and $19 an ounce reflecting the metal's upsurge in New York and Hongkong, then rose further in mid-morning following news the US Congress had given314 words
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Article33 1982-08-21 2 New York 7.25B 7.14B 7.32S 7.21S Zurich 6.90B 7.00B 7.00S 7.10S PH Itan Singapore 7.2ZB 7.05B 7.32S 7.15S Closing price* in US dollars a troy ounc e. Source: Credit Suisse, S'pore.33 words
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Article93 1982-08-21 2 THE dollar for overnight delivery closed firmer yesterday at 256.80 yen from the 255.50 opening, after fluctuating widely between 254.40 and 256.30 yen, dealers said. This was still well below the 256.30/50 finish In New York overnight, and sharply lower than the 258.10 close In Tokyo on Thursday. Trading93 words
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Article112 1982-08-21 2 THE dollar yesterday opened weaker in thin trading, depressed by rumours that major US i»nir« may be facing problems over their loans to Mexico, dealers said. They said the dollar was also under pressure after congressional approval of President Reagan's US$9B.3 billion tax bill fuelled expectations of more cuts112 words
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Page 2 Advertisements
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Advertisement290 1982-08-21 2 Vice President for International Management Consultancy, and Agency Organisation over 5550,000/-per annum (negotiable) The Organisation is an International Corporation engaged in Management of Trading and Industrial Corporations in several countries of the world, including, USA, Japan, Africa, Indonesia, India and Singapore, with Turnover in excess of SS6OO million per annum.290 words
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TRADE AND INDUSTRY
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403 1982-08-21 3 QUALITY control circles should concern themselves with more than just the quality of the product. They should also aim to improve safety and housekeeping, reduce costs, employee turnover rates, absenteeism, complaints and paperwork. These points were made yesterday by Mr Ho Juan .Yang,403 words
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230 1982-08-21 3 SEVEN Australian furniture manufacturers will take part in the Singapore International Furniture Show on Oct 18 to 24 at the World TnWe Centre. Mr Jerry Tan, chairman of the show's organising committee, who returned recently from Australia to finalise their participation, said230 words
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Article681 1982-08-21 3 SEMINARS AND COURSES Aug 23-24: Dispute Settlement/Arbitration, Cuppage Centre, NPB Aug 23-27: Active Performance Appraisal, YMCA, NPB Aug 23-27: Manufacturing Production Plan, ning and Control, Institute of Education/Bukit Timah, NPB Aug 23-27: Problem Solving and Decision Making (Mandarin), YMCA, NPB Aug 23-27: Project Planning and Control (Mandarin), Institute681 words
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316 1982-08-21 3 FEWER Singaporeans are becoming seamen despite the tax incentives to encourage more ships to fly the Singapore flag. This was stated by the Estimates Committee in a special report to Parliament. It suggested that the Ministry of Communications review the overall objectives316 words
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332 1982-08-21 3 WONG SOUK YEE - By WONG SOUK YEE THE Singapore Employees Cooperative, formed by the merger of the Silo and Pieu cooperatives, made a capital gain of about $1.2 million from the sale of its premises at Yuan Ching Road in Jurong. However, the gain will only be332 words
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445 1982-08-21 3 JOHN LIM - By JOHN LIM EMPLOYERS' response to the proposed COWEC scheme, which is at best lukewarm so far, will become more positive when modifications to existing guidelines are made. The COWEC scheme stands for the company wel- v farism through employers' CPF scheme.445 words
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345 1982-08-21 3 THE human element is essential to the long-term survival of local companies, especially in view of the current recession and increasing competition from other countries. "Managers in the past have concentrated on production, finance or the scientific management way of running a business," said345 words
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Page 3 Advertisements
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Advertisement194 1982-08-21 3 'f J kZ'S'Z r mmmm i /> V*3> KWim '■Km:, 'W >■ fc|| <■■ ■>; mmm itii m m V'r V* ■W/Mrni v WmMm Ifcri y 'mm y.;* y 4 i: mmm K I 'c'tL' r II BAiMi* ■■J! a; i 311 Ml ill 111 Wk m v V ,v.194 words
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OVERSEAS
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571 1982-08-21 4 Reuter, UPI AFTER Intense lobbying by US President Reagan, Congress has passed a record US$9B.3 billion tax bill aimed at slowing huge government budget deficits and speeding economic recovery. With help from an unusual coalition of Republican and opposition Democratic leaders, the tax billReuter,; UPI - 571 words
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242 1982-08-21 4 Reuter INTERNATIONALHa rvester has reported a loss for the third quarter ended July 31 of U*****.8 million compared with a profit of $101.4 million last year. Sales declined to $1.31 billion from $1.6 billion in the 1961 period. For the nine months, it had aReuter - 242 words
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556 1982-08-21 4 Agencies THE US economy expanded slightly less in the second quarter of 1962 than had initially been estimated and company profits slipped slightly after a near record decline in the first three months of the year. The Commerce Department also reported better economicAgencies - 556 words
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Article320 1982-08-21 4 Reuter POLISH authorities sent a powerful force of riot police to break up a peaceful political gathering in a Warsaw square on Thursday night, confirming their resolve to act ruthlessly against martial law violators. It was the third time in four days that riot policeReuter - 320 words
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443 1982-08-21 4 Reuter BRITAIN'S economic recovery in 1962 will be weak and output in the second half of the year no higher than the first half. The Economist Intelligence Unit said in its central forecast on prospects for the British economy that only an expected revivalReuter - 443 words
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WORLD IN BRIEF
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Article491 1982-08-21 4 Agencies APPLE Computer said the US Customs Service is detaining and seizing imitations of the Apple Two personal computer being imparted into the US. The company said all copies seized will be destroyed. It said so far the imitations seized have originated in Taiwan and Hongkong, where AppleAgencies - 491 words
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341 1982-08-21 4 Reuter WEST Germany's current account balance of payments will probably show a surplus of five billion to 10 billion marks in 1982 after a 1961 deficit of 16.6 billion. THE IFO economic research institute said in its latest report that the surplus couldReuter - 341 words
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292 1982-08-21 4 SOME kinds of steel pipes and tubes from Japan are being sold in the United States at less than "fair value," the US Commerce Department said in a preliminary ruling. "Fair value" is determined on the basis of production cost and prices asked in Japan,292 words
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Article188 1982-08-21 4 UPI CHINESE researchers claim they are studying psychics who can fog photographic film and stimulate pulses on sensitive electrical devices with their minds. Addressing a convention of the Para psychological Association in Cambridge, England, American scientist Dr H E Puthoff said he and other Westerners haveUPI - 188 words
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163 1982-08-21 4 AFP AN ARMY of catfish is marching doggedly through Florida, but fish experts there are telling humans not to panic. The oxygen-breathing catfish, which are as much as 60 cm long and capable of crawling over land more than one kilometre a night with theirAFP - 163 words
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131 1982-08-21 4 AP SEVERAL foreign workers were killed in an explosion on an oil rig off the shores of the United Arab Emirate of Dubai this week. Reports provided sketchy details about the incident, which was said to have taken place in the Fateh field 24kmAP - 131 words
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154 1982-08-21 4 UNEMPLOYMENT in the' European Economic Community rose 31 per cent last year. EEC statistics show that the number of jobless swelled from an average of 6.7 million in 1980 to 8.8 million last year, and that the num- l" ber of people154 words
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Article710 1982-08-21 4 ARRIVALS Service Local From Operator Number Time PAA PA005 0025 JFK/SPO/HKG FT FTTl 0040 JFK/ORD/ANCi NRT/TPE/KUL CAL CI331 0060 TPE SIA SQ101 0805 KUL MAS MH601 0920 KUL MAS MH682 0945 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL SIA SQ201 1030 HLP CPA CX710 1035710 words
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387 1982-08-21 5 AP THE Indonesian economy has shown remarkable strength amidst the world recession. World Bank representative Russel Cheetham said on Thursday that Indonesia is one of the few countries in the world that has had economic growth rates in the eight to nine per cent rangeAP - 387 words
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143 1982-08-21 5 Reuter CHINA has approved the construction of a nuclear power plant in Guangdong province which borders Hongkong. Hongkong newspapers reported that provincial vicegovernor Liang Weilin disclosed the decision to Sir Edward Youde, the British colony's governor who is on a two-day visit toReuter - 143 words
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288 1982-08-21 5 UPI A FEDERAL magistrate in California has ordered the arrest of three Japanese electronics executives suspected of peddling IBM computer secrets in the high-technology Silicon Valley of California. Kazuma Ban, Chiyoji Tanaka and Aldra Iwase, all executives at the giant Mitsubishi Electric CorporationUPI - 288 words
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Article208 1982-08-21 5 AFP THE Australian trade union movement has officially rejected the government's budget of wage restraint. This could be an important factor in any decision by Prime Minister Malcolm Fraser to call a general election before the end of this year. This is because he told ParliamentAFP - 208 words
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Article395 1982-08-21 5 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Equator IV Dong 11 Koh Jin Kota Singapura NiagaXXI Nordhausen Rajah Brooke Silver Light Sinaloa Aconcagua Asian Star Bolan Builder Iloluta Straits Star Sun Alkes Yuheng Zulalha 22 29/30 33/38 10/11 28 6/7 20 25/0 31/2 31/2395 words
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176 1982-08-21 5 AFP WORRIED cognac manufacturers and merchants in France have sent an urgent telex to their government warning that their industry could be severely hurt by a Hongkong boycott. They told the ministers of agriculture, foreign trade and external relations that Hongkong was the fourthbiggest cognacAFP - 176 words
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557 1982-08-21 5 OPBC'S benchmark price of US$34 a barrel will probably be kept till 1983, the chairman of Opec's watch-dog committee said. Speaking on Thursday, the eve of a committee meeting in Vienna, Dr Mana Said Otaiba, oil minister from the United Arab Emirates,557 words
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334 1982-08-21 5 AP JAPAN must improve efficiency in both the private and government sectors in order to provide an environment for greater economic growth. This was stated by Japanese government planners in the 1982 White Paper on the economy. The paper said Japan must continue to markAP - 334 words
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Page 4 Advertisements
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Advertisement170 1982-08-21 4 Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK was well known in the Banking and Finance I Tf* circles of Singapore. I He played a prominent part in the early days of yfr till Chinese banks, especially T|\\/ in the establishment of the f 1 present Overseas-Chinese Banking Corporation170 words
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Page 5 Advertisements
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Advertisement538 1982-08-21 5 Editorial...p*ge < THE CONFERENCE CHANGE and II \IJ.KN(iK are iwo themes perpetually encouniered in the hanking sector. As the computet and telecommunication systems hit greater heights of sophistication, their various APPLICATIONS and IMPLICATIONS for the hanking sector must be scrutinised. The panel of distinguished experts will update vou on the538 words
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Article440 1982-08-21 6 A QUARTZ watch may have all manner of advantages, but it doesn't appear to be cognac-proof. The Hongkong watchmaking fraternity wants a boycott of French cognac imports in retaliation for the French decision to restrict imports of Hongkong watches. This is not much of a440 words
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Article, Illustration764 1982-08-21 6 STEVEN RATTNER - Buying a Lord of the Manor title does not entitle one to sit in Britain's House of Lords, but it can satisfy a bit of fantasy. With the title, too, STEVEN RATTNER found out, comes valuable historical documents. STEVEN RATTNER NYT FOR people whoNYT - 764 words
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Page 6 Advertisements
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Advertisement320 1982-08-21 6 and give yourself and your fam the Britannica advantage! it's the key to success in a competitive work! 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 tool320 words
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Page 6 Miscellaneous
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Miscellaneous1488 1982-08-21 6 TWOIHOHE iTivno CRYPTIC PUZZLE ACBO6B 4 Just the place far a stale actor 7 It's clearly expensive (I, 5) 8 Heart of a recent disturbance (I) 10 Sources of enlightenment for a number of units (5) 13 Prepare the way Tor dad to have a historic day of victory (4)1,488 words
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Article, Illustration1080 1982-08-21 7 TONY WALKER - China's last eunuch recalls, without fondness, life in the imperial Qing court By TONY WALKER Depthnews IT IS 70 years since it happened, but Sun Yaoting still remembers the excruciating pain of his castration at the hands of his peasant father. "It was very painful,"Depthnews - 1,080 words
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Article, Illustration1406 1982-08-21 7 BARRY RILEY - The video game industry has mushroomed in the last few years from nowhere into a billion-dollar business, writes BARRY RILEY. He looks at the phenomenal growth of the market and at the new trend in video games. BARRY RILEY FT SOMEWHERE high above the surfaceFT - 1,406 words
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Article, Illustration969 1982-08-21 7 GUY DE JONQUIERES - As new technology catches up with science fiction, the European telecommunications authorities are trying to catch up with new technology, writes GUY DE JONQUIERES. GUY DE JONQUIERES FT TECHNOLOGY is about to catch up with Dick Tracy. For the past 40-odd years theFT - 969 words
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Page 8 Advertisements
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Advertisement770 1982-08-21 8 Where to wine, dine and entertain with the American Express Card Jazz upyour favourite drink with the Louis' Tan Three-Q 3 rN BUNGE Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night.* It's the nicest way to jazz up your favourite drink. A770 words
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Advertisement186 1982-08-21 8 Itfc as good as going to Bangkok. it 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 LOCKpn186 words
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RAW MATERIALS
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Article313 1982-08-21 9 WJBBER prices in Singapftct yesterday closed slightly «higher with September RSS buyers quoted at 118,75 cents a kilo, up 1.75 cents from Thursday's close, said. ••Horning prices were njarked up slightly on some demand and weekend covering, they s«p. '■Afternoon prices gained farther ground on some buying support, they313 words
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Article331 1982-08-21 9 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers int. 1 R.S.S prompt f.o.b. 110.00 181.00N 1-fat. 1 R.S.S. September 175.25 179.75 .tot. 1 R.S.S October 180.50 181.00 Int. 2 R.S.S 171.50 173.50N UK Coot 170.50 172.50N Int. 3 R.S.S 1C7.50 168 50N UK Coot331 words
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Article92 1982-08-21 9 NOON SSI and SMK p ricee yeaterday ■AS aw 10 SIR 50 (1-toa (1-ton pallet) pallet) September (Cmrrrat Mtk) Buyer* Seller* 158 00 160.00N 1S6J0 157.50N October (Forward Mtk) Bayer* Seller* 160.00 161.00N 157.50 *****N MJLELB Septemb •r October SMRCV Ml (1-toa pallet) (1-toa pellet) (1 ten92 words
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Article32 1982-08-21 9 Rubber: Aug 20 Singapore: Sept: 179.75 cents (up 1.75 cents) Malaysia: Sept: 199.00 oents (up 1.25 cents) Tin: M 529.15 per kilo (unchanged) Official offering: 115 tonnes (down 36 tonnes)32 words
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Article54 1982-08-21 9 THE STRAITS TIN price in Penang yesterday remained at the ITA floor level of M 529.15 a kilo, dealers said. They said the buffer stock manager was the main supporter of the lower disposals of ore. Turnover fell to 115 tonnes from the previous 151 and no rationing54 words
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Article184 1982-08-21 9 WHEAT futures in Chicago on Thursday eased steadily from early highs to close 1 V* US-cents to Vi cent a bushel lower in moderately light trade. Wheat rallied early on trade talk that India had already purchased up to 2.0 million tonnes of US wheat, traders said. Persistent strength184 words
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Article185 1982-08-21 9 SOYBEAN futures if Chicago on Thursday closed off Vi US-cent a bushel in thinnly traded spot ahead of last trading day yesterday, with other months down 3V4 to 6 3 cents a bushel. The lack of support generated by the late recovery in financial and precious metals markets enforced185 words
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Article137 1982-08-21 9 THE Kuala Lumpur crude palm oil market yesterday closed easier on pre-weekend selling in moderate trading, dealers said. In August central fell Mslo to $675 a tonne, north $7.50 to $677.50 and south $5 to $682.50, while in September south and central dropped $5 each to $682.50 and137 words
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Article1064 1982-08-21 9 COFFEE: Robusta futures were easier at midday, between £15 and £12 a tonne below Thursday's close in traded positions. Dealers said prices traded in a narrow range, amounting to £9 in most active November, following the lower opening call. The weaker opening reflected New York's easier close and1,064 words
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280 1982-08-21 9 MARKET levels continued to range narrowly in quiet and featureless trading to finish off one cent easier on balance, with volume low. Earlier, September One RSS was taken up 3Vi cents to a high of 182 V? cents on cautious covering of September One280 words
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238 1982-08-21 9 Reuter MALAYSIA is prepared to implement the proposal by the Association of Natural Rubber Producing Countries (ANRPC) to hold back some 350,000 tonnes of natural rubber from the world market over the second half of the year. Primary Industries Minister Paul Leong said thatReuter - 238 words
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Article173 1982-08-21 9 CHINESE Pwfcw Exekuge, Stagapare, mm cMig fried per 1M kg ynM»y. CMMrt Ml: Bulk fob $81.00 sellers, old drum (in second hand drum) fob 193.00 sellers, new drum fob $97.00 sellers. Capra: Mixed (loose) $40.00 buyers. Pepper: Muntok white pepper fob Asta NLW $310.00 sellers, Sarawak white pepper173 words
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Article196 1982-08-21 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CattM yam: China Blue Phoenix 20s 2,440; 32s 3,135, 40s 3,290 (per bale of 400 lbs). Piece (m4s: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article324 1982-08-21 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.80, 100 per cent third class 0.75, 25 per cent new crop no stock, B-10 per cent 0.73. THAI BROKEN: A-super 0.58, Special 0.55.324 words
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INTERNATIONAL STOCKS
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Article162 1982-08-21 9 auq it ru Alfc 81M 4 AfcSd -L7 JSti ss MM •U -L» A—!■£ nm ITM -u S3 0 ZZZ mm •1 •ok mm 41 ■ST* MM MM -t •1 RuAat MM ■U QlAad u 44 CW* MIMij BMW M4M lOJO U1M +ai -i Knola ISM w -L7 -1,9162 words
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Article180 1982-08-21 9 AUG It Franc* 1 234 .1 SH -10 Alusuloe R«g Brown Down Br. Cite Oalgy Br Cite Oelgy PC-. ate Oalgy R«t Credit Suisse Br Credit SuKae Reg Bektrowatt Br. Oaot«« Fischer Br Olobui Pe us 835 1225 H6 904 uao 300 2300 300 3H -1 -10 -10 -S180 words
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Article84 1982-08-21 9 AUO 19 Dm Aec-Telefunken BASF Jl.« lizao il -0J Bayer 106 JO 0 2 BBC BMW 178-SO *03 Commersbank Conu Oumml Daimler-Bens Defuaaa 118.00 4600 W7 50B 13 1 Demag Deutsche Bank Dreadner Bank ZZ 119 JO 250 006 130 JOB -0J nww ***** Hoectlst ***** -0J Hoeach »J084 words
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Article97 1982-08-21 9 ADO 1* Lira Bastofl KM US Bel Centrale Orel Cond Acqua Rom Erldanla n*t Ord moo 3290 190 mo 1MB 4-790 >201 330 88 Oenerall aim IflPiir Invest Italcementl Orel *****9 2980 3780 3980 ***** 3875 130 170 180 1980 It&lfU Lepeut Orel Mediobanca ki llano Ass Orel Mondadort97 words
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Article205 1982-08-21 9 AUG 19 PTl CORBEILLE Alr-Llqulde B 8 N OernUl Dtnont C 8 F (Thomjon- 438 1308 -IS -11 fW) 138J0 -4 CI* Franc&Ue de* Petrotes Credit Ponder De Pr*nce M 35# -1.7 -05 HacheUe (UbnUrte) Machine* Bull Mtchelln (B) Omnium 480 a s» m -0.8 -ft +8 Peuceot Philip*205 words
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Article92 1982-08-21 9 AUG 10" m FORWARD MARKET Aeac no -M ArtMd 1033 43 Ajtur 408 7 Brunn no uncti Bra-Lamb 1380 1130 1X1 -14 4» unch Canpac Cock 3e Hxri XX 1 Etna KtoctrotMl Ob-Inno-Bm a*y Or Bni Lamb laoo 4300 300 im 1360 36 413 433 -15 •14 Hobo* 391092 words
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Article268 1982-08-21 9 AUO It Rand Trust Bk Un Steel m m -i unch INI ~tlTRTRI AI.R Unlaee MO i/f O 1 lil Wool worth 1MB A Alpha Abercom AX And CI 4M m 100 unch ♦5 ♦SO MININGS Amaprop AMIC m 2500 unch Anfloe Anflvaal 1300 -M B&rlows MO 5 Blyroon268 words
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Article1020 1982-08-21 9 NEW YORK STOCKS in New York on Thursday closed higher after an erratic trading day as the Dow Jones industrial average displayed some violent swings on rumours of a possible loan default by Mexico. The Dow Jones average was up between four and five points most1,020 words
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Article131 1982-08-21 9 AUQ t» d Had Bay Mtn u* tapOU *M AMUM n% Amu i Kr !lr '»■1 SH oncb JJ? t J Bank Mom MH "Kmm tn% m mi Ear Add M* 2JV!! 0 eoa *2 *2 LoMawB a S *U y*» SH McBtoM It* y* 1* MotaPBA M U%131 words
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Page 9 Advertisements
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Advertisement31 1982-08-21 9 See page 11 for Asian stocks APOLLO Theatre Restaurant A Nite Club Tel: *****66 nv><^ V e A*>°2 .a 9 a<<^ cJNO* x«* VS7 II Singapore noaa Outram f<oad. S-iqapofe 031631 words
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2304 1982-08-21 10 BID and offer prices officially listed aad badaa in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acs a (241B)2,304 words
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Article183 1982-08-21 10 ■™i7T 111,7, ITimUR The Commerce The Saving* Fund S pore Pro* Fund S pore Sec Fund S pore Invest Fund S pore Equity Fund ASA UNIT 1 Mai Invest Fund Mai Prog Fund Mai Security Fund Mai Ber)aya Fund Mai Equity Fund AUUnNOTflBCC tor Aag&) 2.56 l« 1.43183 words
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Article2948 1982-08-21 10 IMS Hick Low Coapujr Last Sale +orGr"s Div Div Crr Crt YTd Net P/E Vol (*000) Day High Low 8ECTION ONE 4 INDUSTRIAL COMMERCIAL 350 233 308 320 141 201 480 328 247 132 210 316 68 138 210 240 Acma Alcom Allied Choc BAT Bat* Ben2,948 words
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Article1670 1982-08-21 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.ICS) UtM (1.088 110S) (9) LB (T) 1.08 (9) 1.101,670 words
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Article35 1982-08-21 10 JACK Chla fciirtw (Malaytfa) Bartei: Fiftyfifth AGM to be held at Conference Room, Jaya Purl Hotel, 1st Floor, New Block, 2 Jalan Barat, Petaling Jaya, Selangor, Malaysia on August 21 at U am.35 words
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Article937 1982-08-21 10 SUSTAINED baylag Interest nalM the Binpw i stack market to kreeae threagh wttk tomfortoMc gate yeetertUy, to spite sf late pnflt taktog. Ftoaace tones were a prime target ef preflt takers. Tradlag was agato fairly brisk. Tbe Straits Times ladaatriaJ Index, which has galaed 41.28937 words
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Article476 1982-08-21 10 SHARES further extended this week's sharp run-up on the Kuala Lumpur stock market yesterday. Turnover rose sharply to 7.852 million units worth MJ20.979 million against Thursday's 5.188 million units valued at 113.416 million. Prices showed no signs of weakness from the start and interest stayed476 words
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COMPANY NEWS
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1218 1982-08-21 11 NYT WITHOUT warning, a company named Carrian seemed to have materialised in Hongkong a few years ago with millions of dollars, enough to make billion-dol-,jar property deals back to back. Not even Hongkong's active rumour mill could smoke out Carrian's elusiveNYT - 1,218 words
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Article329 1982-08-21 11 Mtt.TBADE'S grta laeame based m current rental rates Is expected to be •beat Msl2 mllliaa a yeat fer the next three yean after the eemplettoa af It* eempiex. This estimate exclaves My laerease la the reatal rate far the fatare, according to MBF HmMlaga' lateat elrcalar329 words
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In Hongkong...
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Article71 1982-08-21 11 has reported consolidated net profit of HKJ269.52 million (5227.42 million) for the six months ended June 30 after provision for tax and transfer to inner reserves. An interim dividend of 58 cents per share (60 on capital before one-for-four bonus issue) is payable. Books will be71 words
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Article, Illustration1114 1982-08-21 11 CHAN THAM SENG - By CHAN THAM SENG THE Federal Hotel group founded by the late Tan Sri Low Yat and now headed by his son, Datuk Low Yow Chuan, is seriously and actively planning to float one of its many property companies. "For the last1,114 words
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130 1982-08-21 11 MALAYSIAN Tobacco Company Bhd has formed an investment division to look at diversification plans on a full time basis. Writing in Berita AfTC, an in-house magazine, chairman Mr ARJ Christodolo said the time had come for the company to look at other ventures outside the130 words
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ASIAN STOCKS
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Article436 1982-08-21 11 PRICES yesterday eased as investors viewed with caution the overnight rise on Wall Street after the record breaking performances there earlier this week, brbkers said. The All Ordinaries index fell 1.2 points points to 464.0. B-HP was unchanged at A 56.78. Brokers said late interest in metals producers436 words
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Article405 1982-08-21 11 HONGKONG STOCKS yesterday closed narrowly mixed in fairly active but cautious trading, brokers said. Prices rose initially following a higher close on Wall Street but gains were soon eroded by profit-taking before some bargain hunting emerged in the afternoon. The Hang Seng index closed off 0.87 points405 words
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Article338 1982-08-21 11 SHARE prices yesterday finished mixed after fairly active trading, with a waiting sentiment emerging ahead of the market holiday today, dealers said. The market average rose a marginal 0.68 to finish at 6,968.46 on volume of 200 million shares, while the Tokyo Stock Exchange index firmed338 words
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Article119 1982-08-21 11 SHARE prices yesterday closed mostly higher in moderate trading at the Securities Exchange of Thailand, dealers said. The Book Club index rose 0.32 point to 97.83 on turnover of 34.0 million baht. m Bahta u Thai Plbrt Ml 4 Bans Of Arudhaya \*4 Mt IM Bitot k Char Win119 words
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Article46 1982-08-21 11 STOCKS yesterday closed mixed with turnover down at 3.5 million pesos from Thursday's 4.4 million pesos, dealers said. The commercial industri als index was up 0.18 to 87.12, the mining index rose 48.85 to 940.85, while the oil index fell 0.002 to 2.365. r r46 words
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Page 11 Advertisements
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Advertisement60 1982-08-21 11 NOTICE NOTICE is hereby given that our representative, t K>CK CHW. GCOfIOE (I/C No. 0J*****/Z) has resigned on LBth August 1982. therefore he has no authority to transact any business or collect any debts on our behalf with immediate effect. COTAN INTERNATIONAL PTE LTD COTAN TANQUERO S. OE. R. L.60 words
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Advertisement96 1982-08-21 11 A Sparkling New Penguin Author Born in West Africa, William Boyd went to the universities of Nice, Glasgow and Oxford. An award winning novelist, short story writer and critic, he lives in Oxford where he also teaches English Literature. >? AND HIS EBULLIENT. BRILLIANT FIRST PENGUIN A GOOD MAN IN96 words
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114 1982-08-21 12 HOTEL Negara wMww to tarn fa geed ratal* ta spite the «lea—«a la toartot arrivals la the lint rix it at thle year. Yesterday, the eaiall Hi per eat lacraase la pre fir pnflto to 91J aril* Ilea for the Interim pertod eaMJoe*. Sales114 words
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Article61 1982-08-21 12 SPK-SENTOSACorpera-tisa Bhd yesterday reported a pre til tradlag Ims sf M11.M7 million fsr the six mwtti ended Jue tl, eM&pued with less sf $371,1 M previously. The eempaay, hewever, had m extraordinary gala of $2,197 mllUsa trUi| (rem jpale sf Fftber Merlin Gresp turnover was )U61 words
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Article59 1982-08-21 12 PACO Industries Pte Ltd, a wholly swaed subsidiary sf Hwa Hsag Maasfaeturing Co Ltd, has eemmeneed bosiness as Importers and exporters sf feedstaffs. The subsidiary has a paid-up capital sf Its bsard sf directors comprises Messrs Oug Chay Teng, Dr Oug man Eag, Ng Bug Klat, Oug59 words
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Article69 1982-08-21 12 JURONG Cement Ltd has told the Stock Eechange of Singapore that, subject to shareholders' approval, it intends to pay the first and final dividend of 7.5 per cent gross on Oct 15 to shareholders on the register at the close of business on Sep 17. KUCHAI Development Bfcd's69 words
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Article773 1982-08-21 12 THE market resumed the upward ,trend yesterday, with government bonds again setting the pace. The Financial Times index at 3pm was up 7.6 points at 577.3. The success of US President Reagan's US tax bill, a firmer opening on US markets in afternoon and a sharp fall in773 words
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Article106 1982-08-21 12 AP THE NEW YORK stock market rallied with renewed force yesterday morning, responding to Congress' passage of the tax bill on Thursday. The Dow Jones average of 30 industrials climbed 8.56 points to 847.13 in the first half an hour. Gainers took a 3-to-l lead over losersAP - 106 words
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Chief Price Changes
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Article148 1982-08-21 12 Rises Indices MTC Sya Rttiu 450 m 30 30 Aug 19 Aug 29 Siprta* Corps 240 +25 BT Indicator: *****3 *****8 PMRI 230 560 350 238 +24 +20 18 15 ST Industrials 597.36 MJI KMC 8«1 PrcptrtiM UN* ST Finance: ST Hotels: 1489 7? 979.01 1496.09 978.65 H Leon*148 words
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Article, Illustration178 1982-08-21 12 THE PRESENCE sf profit-takers did aai deter investors (ram continuing their baying spree on the Stock Exchange of Singapore yesterday, and shares recorded good gains at the finish. The Straits Times Industrial Index added another BJ4 points toH«3*, while the Business Times Indicator of the day's 1# most178 words
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Article49 1982-08-21 12 FINANCIAL TIMES INDUSTRIALS Thursday 569-? Wednesday 579.2 Week Ago 544.9 DOW JONES AVERAGE INDUSTRIALS Thursday £5-^1 Wednesday 829.43 Week Ago 776.92 Friday 1034.88 Thursday 1035.55 Week Ago 994.34 AUSTRALIAN INDUSTRIALS Friday «*.3 Thursday w».4 Week Ago 609.1 ALL ORDINARIES Friday 1®4.0 H.K.HANG SENG Thursday Week Ago *59.849 words
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534 1982-08-21 12 FLORENCE CHONG - ■Bill Companies Editor: Mmo Sabnani By FLORENCE CHONG TAN SRI Kboo Teck Puat will have to decide within the next 30 days or so his next move involving a takeover bid for Sydney retailer Grace Brothers Holdings Ltd. Yesterday, directors of Grace Brothers534 words
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Article433 1982-08-21 12 ANGUS Fire Armour Ltd, the Guthrie Corporation subsidiary which makes fire fighting equipment, is to acquire a UK company which specialises in high-technology fire control systems. This will represent the first acquisition made by any member of the Guthrie group since it was taken over by433 words
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511 1982-08-21 12 THE Mah family's purchase of a controlling stake in South Malaysia Industries Bhd (SMI) announced on Tuesday marks the emergence of yet another old, established family-based group in the Malaysian public corporate scene. It is known in some quarters that the511 words
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Article, Illustration370 1982-08-21 12 EASTERN Lagoon Pte Ltd and Asean Resources Ltd, who sold Eastern Lagoon Condominium I and part of the Estoril condominium to United Pulp and Paper Ltd earlier this week, have one thing in common Mr Tan Eng Sing. Mr Tan is the chairman of Asean370 words
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250 1982-08-21 12 KAMPONG Lanjut Tin Dredging Bhd disclosed yesterday that the preliminary mining feasibility study of the alluvial gold areas in Kelantan has indicated that only the stretch of the Sungei Galas near Pulai is likely to be of any economic interest. However, because250 words
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Page 12 Advertisements
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Advertisement114 1982-08-21 12 in a Quandary over a gift or souvenir S <- M r mm Of Ss 'o/ts e r 4 iiK Oj, tvv, Dramatic hotographic ges by arri Peccinotti 7 vj| The definitive book on Singapore's national flower /v children )f all ages and se young at heart Select a book114 words
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Page 12 Miscellaneous
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Miscellaneous66 1982-08-21 12 OUTLOOK for Singapore today: Fair, with showers expected in a few areas in the late morning and early afternoon. Report for 24 hoars prior to 7J pm on Aug 21 at the airport: Maximum temperature 31.2 Associated humidity 65 Minimum temperature 26.2 Associated humidity m Hours of sunshine 9-30 Rainfall66 words
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