The Business Times, 23 October 1982
1982-10-23
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The Business Times
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Title Section10 1982-10-23 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, OCTOBER »,1982 60 CENTS10 words
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309 1982-10-23 1 CHAN OI CHEE - By CHAN OI CHEE THE Singapore stock market staged a sizeable rally yesterday as investors continued to buy aggressively. Most shares were able to make impressive advances against a hefty turnover of 15.6 million units worth $45.65 million. The volume309 words
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195 1982-10-23 1 A CENTRE (or Advanced Studies and Research has been set up within the Faculty of Arts and Social Sciences of the National University of Singapore. The centre will have three main functions: to further encourage research and assist in the preparation of publications;195 words
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611 1982-10-23 1 SOM TIANG KENG - By SOM TIANG KENG MALAYSIAN Finance Minister Tengku Razaleigh Hamzah yesterday presented a Ms2B billion budget to produce "fiscal fitness" and a robust economy to fight recession. It aims to trim excess fat by curbing a spending spree in restaurants, shops and bars.611 words
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Article404 1982-10-23 1 LEE YOKE MENG - By LEE YOKE MENG ASEAN'S demand for oil is expected to grow at a slower rate over the next five years, but the rate will still be higher than that of the rest of the world. Mr William E Tucker, who heads the US404 words
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277 1982-10-23 1 SINGAPORE'S progress as an international financial centre has been given added impetus with the setting up of a local office by Sidley A Austin, the second largest law firm in the United States. This is because Sidley A Austin will after277 words
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BRIEFLY...
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Article100 1982-10-23 1 CHEMICAL Bank has today cut its prime lending rate by half a point to 9 per cent the lowest among all banks here. The Chemical Bank in the US has also cut its prime rate to 11 Vi per cent from 12 per cent, effective immediately. AJgemene100 words
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Article70 1982-10-23 1 Reuter POTENTIAL buyers from the US and Britain have expressed interest in reviving the closed De Lorean sports car plant in Northern Ireland. Mr Paul Shewell, joint receiver for the De Lorean car plant, was quoted in the London Financial Times newspaper as saying: "There hasReuter - 70 words
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Article70 1982-10-23 1 UPI JAPANESE Agriculture, Fishery and Forestry Minister Kichiro Tazawa has criticised what he called "the American reluctance" to understand Japanese farm situation which makes liberalisation of US citrus and beef imports impossible. Commenting on the breakoff of farm trade talks in Honolulu, Mr Tazawa said: "The US isUPI - 70 words
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Article82 1982-10-23 1 UPI AMERICAN President Ronald Reagan plans to visit Asia early next year but has no intention of proceeding to China. A Philippine government press release said Philippine President Ferdinand Marcos was asked by palace reporters to comment on a statement by a senior White House official ofUPI - 82 words
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Article54 1982-10-23 1 UPI SOON-to-graduate Michigan State University student Phil Knapp wants prospective employers to know there's no match for him in the job market. Mr Knapp has printed his resume on the inside of a matchbook cover and the 29-year-old hopes the unique advertising gimmick will impress petroleum companies lookingUPI - 54 words
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Article55 1982-10-23 1 Reuter INFLATION rates in OECD member countries are falling faster than anticipated and the decline is expected to continue. OECD secretary-general Emile Van Lennep said the strategy of "non-accommodating" monetary and fiscal policies adopted by OECD countries is working effectively in combating inflationary pressures sparked by theReuter - 55 words
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Article66 1982-10-23 1 AP UNEMPLOYMENT in the European Economic Community hit 9.8 per cent in September, another postwar record and new evidence of the gripping recession, the EEC Statistical Service announced yesterday. There were 11.2 million jobless people registered at unemployment offices in the 10 countries of the trade bloc,AP - 66 words
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Article275 1982-10-23 1 DOUBLING tt sake tax se Imry gee* aai tt nrviec tax m printe dtki u< M ••Oeverm eetaktlakaieatß AMUant af a p«rt iitlei «a perfenes, ewaiettes, etae wini, prejeeakto ra«w rM r^erm ,rt •f expert kle ulietUi «a expert e Bowl ef expert Heeaelig275 words
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445 1982-10-23 1 JOHN LIM - By JOHN LIM SINGAPORE traders of perfumes, cosmetics, cinecameras, projectors, sound recorders, portable radios and metal ballpoint pens will be affected by the abolition of import duties on such goods in Malaysia. The abolition of import duties was announced in the Malaysian budget statement445 words
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Page 1 Advertisements
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Advertisement218 1982-10-23 1 .Times Bookshops! Edit«rUl...page f MORE than 40 poor countries are falling behind in their international debt payments Page 2 THE US and the European Common Market has agreed on tough new restraints on imports of European steel Page 4 CHINA expects to undertake 500 projects involving foreign funds and technology218 words
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Advertisement121 1982-10-23 1 Malaysia: economic review and budget details Page 3 2* H r KUY »i 9 filendship Cutty Sark SccrtdiWhisky Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347, Bukit Timah Road.S'pore 1025 Join the big swing to Pinnacle > /o 7A Va \C For golfers who121 words
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Advertisement13 1982-10-23 1 Companies' Activities, Key Personnel, Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah)13 words
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BANKING AND FINANCE
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364 1982-10-23 2 VENEZUELA'S plan to refinance up to US$B.7 billion in short-term debt has met with a good reception though it may (ace complications with smaller banks insisting on repayment of their loans. The banking sources were speaking after a meeting with Finance Minister Luis364 words
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Article162 1982-10-23 2 Reuter THE JAPANESE finance ministry has asked Japanese banks not to withdraw funds from Mexico while the country is making adjustments to its economy. Kiichi Watanabe, Vice-Minister for International Affairs, said: "We asked the banks to wait and keep the volume of their lendings unchangedReuter - 162 words
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531 1982-10-23 2 AP MORE than 40 countries are falling behind in their international debt payments, an authority on the finances of the poor countries said in Washington. Increasing debt of poor countries to both other governments and commercial banks now estimated at over half aAP - 531 words
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Article386 1982-10-23 2 Reuter THE Argentine central bank has notified British banks of its proposals to deal with Argentine debt payments which fell due while financial relations between the two countries were halted, Argentine banking sources said. British banks received no payments directly from Argentine borrowers from April 5,Reuter - 386 words
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213 1982-10-23 2 Reuter A FURTHER aabataatlal fall in U8 Interest rates may a*t be easy, bat eeatlaaed progress la the werldwlde fight agalast laflattea will ail«w mere aeepe f*r ctutcilig icpra rive laflaeaeea, g*verier at the Baak sf England G*rdaa Blehardaea aald.Reuter - 213 words
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343 1982-10-23 2 Reuter THE West German central bank has cut interest rates by one percentage point in an attempt to pull the country out of the deepest recession since World War Two. Thursday's move was followed by the Austrian National Bank, which trimmed its discount andReuter - 343 words
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149 1982-10-23 2 Reuter VATICAN lOR Bank chief Archbishop Paul Marc ink us said the lOR would honour any obligations it had clearly assumed in connection with the Banco Ambrosiano SPA, now in liquidation. Archbishop Marcinkus referred to letters of patronage he gave Ambrosiano president RobertoReuter - 149 words
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Article99 1982-10-23 2 THE Federal Reserve Bank of New York has approved the application by the Hongkong and Shanghai Banking Corp (HSBC) to acquire indirectly Tozer Kemsley and Mill bourn Holdings Inc and its Tozer Kemsley and Mill bourn USA Inc and TKM Mid-Americas Inc. The acquisition will99 words
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MONEY AND EXCHANGES
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Article486 1982-10-23 2 THE US dollar closed mixed against most major currencies after moving within a narrow margin in a quiet and uncertain market throughout the day. Against the local unit, the US dollar opened slightly lower than the overnight closing rate at 12.1890/00. Trading fluctuated between $2.1860/70 and 12.1940/50, a486 words
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Article173 1982-10-23 2 THE DOLLAR (or overnight delivery in Tokyo yesterday closed weaker at 271.35 yen after opening at the day's high of 272.70 and moving to a 270.70 low in the afternoon. The dollar closed at 272.50/70 in New York overnight and at 271.85 in Tokyo on Thursday. Trading volume was173 words
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Article22 1982-10-23 2 THE average rate at which major Singapore tflanks are currently prepared to lend to their best customers is 0.83 per cent.22 words
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Article174 1982-10-23 2 ASIAN ASIAN currency deposit Interbank rates as at close on Oct 22: US Mlu*(SMt| Offer Bm 7 days 9* 9H 1 month ev, 9H 2 months 913/16 911/16 3 months 9H 9% 0 months 10* 10 9 months 10H 10^ 12 months 10H 104k Dm. Sw-Fra .1 month 3 months174 words
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Article48 1982-10-23 2 RANGE of prices often td by discount houses i on Oct 22 Overnight IW Call depot Its: SW 3<* LMB| taytat S«Uu< 3-month Treasury bills 2H 2* 3- month Bank bills 7* 7* 3 months CD 6* 6H 6 months CD 7H 7* Source: National Discount Co48 words
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Article49 1982-10-23 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct 25 to Oct 29: Offered: $100,000,000 Applied far: $160,000,000. Allotted: $100,000,000. Accepted Mds: $99.22 approximately 88 per cent; higher bids in full. Average rate ef dlseeeat •a allotment: 3.035 per cent per annum.49 words
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Article69 1982-10-23 2 Opening qotes yesterday us Can 2 08» 56 Cna 1 2*7 70 D Mk 4 2832 83 D Fl 4.4712» S FT ***** W9 B Fr coo- 83 03 17 F FY 1210» 11» Ut 24« SO 3453 35 Yen 461 462 04 D Kr 15.0862 11* N Kr69 words
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Article339 1982-10-23 2 GOLD FUTURES in Singapore yesterday closed generally firmer compared with overnight New York levels, after fluctuating marginally throughout in light trading, dealers said. Total sales for the day was recorded at 103 lots while kerb volume at 192 lots. Prompt closed stronger at U*****.50/428.00 an ounce against 422/424 in339 words
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Article38 1982-10-23 2 New York 10.0GB 1010B 10 L2S 10.20S Zurich 10.338 177B 10 43S 10.07S ■M TV-,. Singapore r n iMfi 10.10B 1015B 10.306 10.30S Ckmng pnc in US dollar* a troy ounc e. Source: Credit Suisse, S'pore.38 words
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Article114 1982-10-23 2 THE US dollar in Haogkon£ yesterday ruled mixed*! against major currencies iif late trading but rose in! terms of the Hongkong doU* lar supported by speculative* buying, dealers said, adding, that trading was fairly ac-"« tive. "J The US dollar rose tolHKJ6.6S50 7050 after trading" earlier at Thursday's ing114 words
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Article139 1982-10-23 2 THE next major move in UK interest rates will be upward and the increase could be quite sharp because of the Bank of England's methods of operating in the money markets, Michael Birks of UK brokers Montagu, Loebl, Stanley and Co said. He sees139 words
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Page 2 Advertisements
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Advertisement186 1982-10-23 2 Right Now You Need The Asian Journal More Than Ever THE ASIAN WALL STREET JOURNAL. > > Middle-A Mcutmgen Find Coping Tomgh If your business is regional or international, local headlines are not enough. you need The Asian Wall Street Journal. Monday to Friday, Asia's business executives rely on The186 words
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Article645 1982-10-23 3 SEMINARS AND COURSES Oct 18-Nov 8 (Mondays, Wednesdays and Fridays): Managerial and Cost Accounting and Control, Ngee Ann Polytechnic, NPB Oct 18-Nov 24 (Mondays and Wednesdays): Performance Appraisal-Skill Content, Community Centre, NPB Oct 18-Dec 3 (Mondays, Wednesdays and Fridays): Recruitment, Selection, Placement and Induction, Institute of Education, NPB645 words
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MALAYSIAN BUDGET DETAILS
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204 1982-10-23 3 AP PRODUCTION and export of Malaysian natural rubber will pick up marginally next year as the world economy recovers from its current recession. Malaysian rubber production next year is expected to increase by 1.4 per cent to 1,430,000 tonnes. This year's estimatedAP - 204 words
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190 1982-10-23 3 Reuter MALAYSIA'S crude oil production is expected to increase marginally to 300,000 barrels per day (bpd) in 1983 from this year's estimated 297,000 bpd. The Finance Ministry said in its 1982/83 economic report that it expects the average price of MalaysianReuter - 190 words
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179 1982-10-23 3 Reuter MALAYSIAN exports of tin and tin concentrates will continue to decline in 1983 to an estimated 43,500 tonnes from an estimated 50,600 tonnes in 1982 and 66,500 tonnes in 1981. Tin and tin-ln-concen-trates production is expected to fall by 23.1 per cent toReuter - 179 words
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121 1982-10-23 3 Reuter MALAYSIA'S production of saw logs and sawn timber is forecast to rise to 36.4 million cubic metres in 1963 from an estimated 35.9 million in 1962. Exports of saw logs are, however, expected to fall to 15.6 million cubic metres, down 2.5Reuter - 121 words
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Article96 1982-10-23 3 Reuter MALAYSIA'S crude palm oil production is forecast to increase by 6.3 per cent in 1963 to 3.4 million tonnes from an estimated 3.2 million in 1962 and 2.8 million in 1961. The economic report said combined crude and processed palm oil exports are forecastReuter - 96 words
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Article75 1982-10-23 3 Reuter MALAYSIA'S pepper production is forecast to increase 5.8 per cent to 27,500 tonnes in 1983 against 26,000 this year. The economic report said the rise was in anticipation of better prices in the international market next year. Sarawak is expected to account for about 25,730 tonnesReuter - 75 words
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261 1982-10-23 3 M ALAYSI AN Plaaace Minister Basaleigh Ham ukb preeeated to the Par» Uameat yesterday a 1983 badget which reflected |fee gsverameat's aasterlty drive. The IMS badge! totals MSMJB bUltoa, aaly %m milttaa mere taaa that far IMS. Bat aa ceeasnde repart alsa preseated by the261 words
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591 1982-10-23 3 AP MALAYSIA'S real Gross National Product is expected to undergo moderate recovery next year in response to an increase in foreign and domestic demand. According to the Malaysian Treasury's Economic Report for 1982-1983, the GNP is expected to increase by 4.4 per cent in 1983,AP - 591 words
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565 1982-10-23 3 FEWER Jobs «re expected to be created this year because of the economic slowdown in the country. The total number of new Jobs this year is expected to be 122,300, about 21,000 less than 1981. The unemployment rate565 words
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Page 3 Advertisements
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Advertisement334 1982-10-23 3 PLASTIC FILM CAPACITORS FROM MALAYSIA A MAJOR SOURCE FOR WORLD WIDE OEMs High Quality Polyester, Polycarbonate, polypropylene tilm capacitors for consumer, telecom, industrial, computer and military applications. Conforming to DIN, VDF, SEV, CCTU, BSS IFC Standards Over 20 years of mtg experience Over 8 years in A^alaysia Largest range ot334 words
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Advertisement321 1982-10-23 3 and give yourself and your fam the Biitannica 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 tool321 words
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OVERSEAS
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250 1982-10-23 4 AP, Reuter A SENIOR White House official has said that if President Ronald Reagan's economic effort fails, the US will take a radical turn to the left. David R Gergen, Reagan's assistant for communications, told a luncheon sponsored by the USAP,; Reuter - 250 words
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162 1982-10-23 4 Reuter THE UN General Assembly? overriding opposition by the US, has asked the International Monetary Fund to stop a proposed US$l.O7 billion loan to South Africa. The assembly also urged the Security Council on Thursday to consider the matter "with a view toReuter - 162 words
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645 1982-10-23 4 NYT AFTER protracted and often acrimonious negotiations, the US and the European common market has agreed on tough new restraints on imports of European steel. President Reagan, who announced the arrangement during a Republican rally in Omaha on Thursday, said itNYT - 645 words
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Article140 1982-10-23 4 AP A BRITISH sugar company has developed a way to produce a new sugar that may prevent tooth decay, according to the Times newspaper. The company, Tate and Lyle, has built a pilot plant that can produce the synthetic sugar, isomaltulose, and is now investigating the potentialAP - 140 words
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183 1982-10-23 4 Reuter CHANCELLOR rf the —tmgm Sir Geeffrey Hewe has peedteted thai Bi Hall's laflatlea rate weald he town la live per east early aext year. It was Mr Qeeflrey*» nt ilWIiMi —i te aII year lew ef U He alas eafhaM the hi aReuter - 183 words
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426 1982-10-23 4 Reuter SPORTS car manufacturer John De Lorean hoped to save his failing business with USfGO million in profits from the sale of drugs. Prosecutor James Walsh told a packed courtroom in Los Angeles: "What the whole world is going to seeReuter - 426 words
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211 1982-10-23 4 AP THE Royal Dutch Shell oil group leads a new inniial survey of Europe's top 500 private companies published in the London Financial Times. Marks and Spencer, the British department store chain often cited by Prime Minister Margaret Thatcher as a shining example atAP - 211 words
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Article137 1982-10-23 4 UPI PETER Moore, former secretary of Spanish artist Salvador Dab, on Thursday filed a 2.0 milHnn franc (US$300,000) suit against Mr Dali for alleged damages and Interests. The British art dealer has already filed a suit against Mr Dab last summer on charges that the Catalan painterUPI - 137 words
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Article376 1982-10-23 4 "*»V. Vend A V Bertk TCONVtNTIOflftL! -Je i A«tnt VHARVES Arrival Departure KEPPEL WHARVES Atalantl Gold Olory Kim 8oon LI Perak Plkebonk Sanko Scorpio Y&tomas Mercs Ruhunu Builder m Cherry Manls Gotong Royong Koheng, Kota Perwlra Llkas Venture Morning Park Pacific Mulla Straits Venture Waheng 35/6 26/7376 words
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199 1982-10-23 4 AP OIL has been diacovered in" what could be a major find about 34km off the Califor- nla coast Mr L W Funkhouser, vk*v' president of Standard Oil Company bf California said., the discovery, along with finds in neighbouring areas, "indicates the presence ofAP - 199 words
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352 1982-10-23 5 Reuter PRESIDENT Suharto has expressed concern over Japan's defence buildup and China's modernisation programme. The Indonesian president, on a four-day unofficial visit to Japan, said during talks with outgoing Prime Minister Zenko Suzuki that in implementing its defence programme, Japan should consider the interestsReuter - 352 words
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WORLD IN BRIEF
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Article394 1982-10-23 5 ISRAEL narrowly survived a vote on Friday on its ouster from a UN technical agency, the International Telecommunication Union, following prolonged and intense diplomatic haggling that thwarted a concerted drive by radical Arab states. Delegates to an ITU conference in Nairobi, Kenya, passed a resolution394 words
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Article733 1982-10-23 5 ARRIVALS Service Local Operator Number Tine From PAA PA005 0025 JFK/SFD/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL OLUX CI331 0060 TPE CV796 0645 LUX/DXB SIA SQ101 0806 KUL •MAS MH601 0920 KUL MAS MH682 0946 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL SIA SQ201 1030733 words
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250 1982-10-23 5 AP FOREIGN investors remain confident about Hongkong in spite of the uncertainty over its political future, industry director Peter Tsao said on Thursday following a recent two-week trip to Europe. Britain and China are holding talks over the future of Hongkong, most ofAP - 250 words
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499 1982-10-23 5 Reuter CHINA expects to undertake 500 projects involving foreign funds and technology in 1983, roughly twice this year's figure and a five-fold increase over 1979-Sl. Zhu Rongji, member of the State Economic Commission and a senior economic planner, put the value of existingReuter - 499 words
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Article530 1982-10-23 5 UPI WHILE Chinese police shouted and pleaded with him to come down, Malcolm Forbes drifted lazily over Beijing in a hot air balloon on Thursday before landing in the middle of a highsecurity military base. A US diplomat, upon being informed of the incident, asked: "HasUPI - 530 words
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316 1982-10-23 5 NYT HARVARD University moved this week towards developing stricter procedures for handling students' complaints of sexual harassment. On Tuesday, Harvard's administrative board, which handles academic and disciplinary matters relating to students, changed a student's grade from a "C" to "Pass" for work inNYT - 316 words
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170 1982-10-23 5 AP AN international group of scientists is calling for a major effort to find possible civilisations in space by listening for their radio signals. In a letter published in Science Magazine yesterday, the scientists say the debate over whether there is other intelligentAP - 170 words
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168 1982-10-23 5 UPI SCIENTISTS have reported they can detect genetic diseases such as sickle cell anaemia in the foetus during the first three months of pregnancy. "With science's ability to detect and treat genetic diseases before birth, spectacular advances in the health of newborns are being made,"UPI - 168 words
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161 1982-10-23 5 AP WORLD Bank President William Clausen arrived in Bangkok early yesterday and urged the Thai government to rely on sound domestic policies in the formidable development challenges it faced. Clausen is due to meet the country's top business and economic leaders "forAP - 161 words
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174 1982-10-23 5 Reuter SOME ministers may not attend the ministerial conference of the General Agreement on Tariffs and Trade (Gatt) in Geneva next month because of disputes during preparatory negotiations, but the talks are unlikely to be postponed or cancelled. Gatt Director-General Arthur Dunkel deniedReuter - 174 words
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Article115 1982-10-23 5 Reuter FRANCE and West Germany, following talks between President Mitterrand and new Chancellor Helmut Kohl, have made progress on strategic cooperation. Addressing a dinner given in Bonn on Thursday by Mr Kohl after their first round of talks, Mr Mitterand said: "I noticed how far the consultations begunReuter - 115 words
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Page 4 Advertisements
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Advertisement603 1982-10-23 4 hairmun: z w ry* i-L. z w o < fiS H s K ccc fa fa 2*^ S3 Q H H 5 H U) «P csj DC Z x: fa a z cc < H *3 THE CONFERENCE 1i; \MM, as ,ui innovati\o .sou: co <>f c.ipital equipment funding is603 words
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Page 5 Advertisements
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Advertisement712 1982-10-23 5 BANK OF NEW ZEALAND Annuo! Report for the Yeor Ended 31st March 1982 Balance Sheet As at 31 March IM2 Assets Cash. Deposits with Bankers, Remittances and Other Short Notice Moneys New Zealand and Overseas Government and Local Body Securities Advances. Bdh Discounted. Lease Receivables and Other Debts due to712 words
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Article575 1982-10-23 6 SATURDAY is a good day for investors, fund managers, stockbrokers and remisiers to sit back and reassess the state of the market. The last five trading days have been a hectic period the daily volume of transactions has expanded to the highest level since the575 words
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Article, Illustration813 1982-10-23 6 CHARLES BREMNER - By CHARLES BREMNER Reuter FRANCE'S socialist go\%rnment, influenced by a best-selling book, is trying to get to grips with what it sees as a system of harmful privileges with deep roots in French society. The action is provoking resentment and, increasingly, overt protest fromReuter - 813 words
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Page 6 Advertisements
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Advertisement355 1982-10-23 6 Computa'Bl attracted 13,000 business ooixjrtuniti to miss (XMPUTA'S^ Computa '81 drew 120 exhibitors from 12 countries. There were 13,000 visitors 8,000 were trade visitors, of which 40% were from overseas. Computa '83 is the third international exhibition on computer and information processing technology, and it promises to be the largest355 words
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Page 6 Miscellaneous
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Miscellaneous690 1982-10-23 6 TWO-IM-OSE CBYPTIC PUZZLE ACROSS 4 Colourful House (<) 7 A wile and mother (3,5) 8 Are* that tells you what it i»<«) 10 An expert )oke (5) L 3 Cuts across the meadow (4) 14 Hippy sort of dance (4) 15 A pen, perhaps, in the window (4) 16 An690 words
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Miscellaneous865 1982-10-23 6 RADIO SINGAPORE 5 12.50 PM Opening folowed by Sesame Street 1.50 Saturday Matinee Attack and Retreat: Arthur Kennedy and Peter Falk find themselves behind enemy lines during World War 11. A group of Italian soldiers are with their German allies trying to encroach on the Russian Front. 4.05 Ist Merfion865 words
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Article, Illustration648 1982-10-23 7 WILLIAM COLEMAN - Kiwifruit ugly but exotic and profitable By WILLIAM COLEMAN UPI TO MOST American consumers, the kiwifruit a native of China that reached American shores by way of New Zealand stands out for being pgiy. But once cut open, the fuzzy, brown, egg-shaped blob becomes exotic. Emerald green flesh filled withUPI - 648 words
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Article, Illustration562 1982-10-23 7 PAUL GUERNSEY - By PAUL GUERNSEY AP "KILLER bees" have made life a little less sweet in Venezuela, a honey-producing country. Before the irritable insects swarmed north from Brazil in 1976, honey was one of the few export items Venezuela could boast besides oil. ButAP - 562 words
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Article, Illustration798 1982-10-23 7 ANTON FERREIRA - By ANTON FERREIRA Reuter OPIUM smugglers still ply their ancient trade in Hongkong, the "fragrant harbour" where an oceangoing ship enters or leaves every 2.8 minutes. The opium trade is one of the few features that remain unchanged since Queen Victoria gave her nameReuter - 798 words
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Page 7 Advertisements
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Advertisement338 1982-10-23 7 From Enchanting Bride to Beautiful Motlieft.. v f u This lavish production, packed from cover to cover with over 165 colour illustrations, will be a unique and enduring record of the event 279 mm x 210mn approximately 200 pa«es; case-bound, jacketed. Thepnly book to tell tWTull romantic stdry 9f twelve338 words
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Page 8 Advertisements
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Advertisement223 1982-10-23 8 Where to wine, dine and entertain SSHAIi with the American Express* Card If you don't already have the Card, call *****33 for an "ppfcation form" IF YOU'RE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLSiDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken223 words
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Advertisement153 1982-10-23 8 horsushi. For teppanyaki. hor other authentically Japanese delights. Ji,® l t'liliii'N I*: 11*1% 1< lit >i i 1124: i| »i*« offers I 10.30 a.m.-3 p.m. $21 per person 1 Pteose can *****88 ext 663 tor resefvations Hyatt Reg£ncyoSingapope A iW& m. F m 2 T your very own retreat 1153 words
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Advertisement142 1982-10-23 8 The perfect end to a romantic Jri\ e Klsl\ I V 1 Ii ,< mm I 1.-: t} ;t i;t*< I■ i;r_M;r.\ :iLu- i .1-' <!, 'lu- rl'f vrluMH-.'i 'a it'-, n f lr- ::ir.r;. i n Irt ..1,,. t; i K< •ri..: i-; inj L-.:.!. i:, .rl n, :m142 words
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Advertisement158 1982-10-23 8 Jazz up jour fewourite drink with the LoulsTanThree-Ot 31 £3 V V I 4 4 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. 9 except Svaiay A great place to be. it158 words
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Advertisement62 1982-10-23 8 1 I restaurant celebrates its 2nd Anniversary And as part of our celebrations, guests will be presented with a 1963 Calendar-displaying the finest works of renowned Chinese artists. Limited stocks onfy INIVUMI okMlmi I 1 214, Duneam Road, Singapore 1129 Tat *****48,*****22 Ext 130 11 f*. t\ > I I62 words
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RAW MATERIALS
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Article751 1982-10-23 9 COffee: Robusta coffee futures were narrowly tnixed at midday, down £1 lo up £9 from Thursday's Close in actively traded positions. Volume at 830 lots was light as a lack of fresh news and quiet physicals gave dealers little incentive to grade futures. Deferred months were slightly stronger751 words
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Article142 1982-10-23 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CtttM yam: China Blue Phoenix 20b 2,400 32s 3,100, 40* 3,130 (per bale at 400 lbs). Pakistan raw Uttmi LSS 6.04, 4F 6.00; »9F 6.10; NT roller ginned 6.08 (per lb). CLOTH in142 words
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Article129 1982-10-23 9 The Malaysian crude palm oil market yesterday closed slightly higher on pre-weekend covering in quiet trading, dealers said. In October south rose M 52.50 to M 1652.50 per tonne while in November north gained M 52.50 to M 1657.50 and central was unchanged at MJ6SO but south fell129 words
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Article327 1982-10-23 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first claw (Kangaroo) new crop 1.00, 100 per cent second class 0.70, 100 per cent third class 0.73, 25 per cent new crop no stock, B-10 per cent 0.72. THAI BROKEN: A-auper 0.60, Special 0.57.327 words
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Article206 1982-10-23 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with November One RSS buyers quoted at 188.75 cents per kilo, up 0.75 cents from Thursday's close. Morning prices were marked up slightly on some buying support after an unchanged opening. Afternoon prices eased slightly on some light offerings in quiet206 words
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Article31 1982-10-23 9 Rubber Oct 22 Singapore: Nov; 188.75 cents (up 0.75 cent) Malaysia: Nov: 205.00 cents (unchanged) Tin: Ms 29 15 per kilo (unchanged) Offlcal offering: 211 tonnes (up 50 tonnes)31 words
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Article73 1982-10-23 9 THE STRAITS TIN price in Pwaig yesterday cm timed to held at the IT A fleer priee of M 125.15 a Idle fer the 14th eeisecotlve day. The steadiness wu attribeted to itmg boiler stock manager support at this level, coopled with light Japanese aid lecal demand. Taraever73 words
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Article460 1982-10-23 9 RAS price* In cent* per kilo yesterday: Noon (per kilo) Buyer* Seller* Int. 1 R.S.S prompt f o b MJO 187.SOM Int 1 R.SS November MM 180.50 Int. 1 R.S.S. December M OO M.50 1st. 2 R.%S 171.00 178.00N UKCoot 175.00 177 00N tat. 3 R.S.S. 172.00 173.00N460 words
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Article269 1982-10-23 9 PRICES fluctuated narrowly this week and eventually finished unchanged at 188 cents (S) for Nov Ras One, says IMMay, Caller aid Bath in its rubber review for the week ended Oct 21. Turnover was much reduced following last week's sudden demand for November which, once269 words
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Article178 1982-10-23 9 CHINESE lYifctt Excfeuge, Stagapare f mn ckritg prices per IN kg yesterday. CMMit ail: Balk fob $85.00 sellers, old drum (in second hand drum) fob $98.00 sellers, new drum fob $102.00 sellers. Capra: Mixed (loose) $45.00 buyers. Pepper: Muntok white pepper fob Asu NLW $315.00 sellers, Sarawak white178 words
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INTERNATIONAL STOCKS
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Article426 1982-10-23 9 SHARE PRICES in Sydney yesterday retreated on continuing market speculation over an early Australian federal election, brokers said. The All-Ordinaries index fell 5.7 points to 518.9 due mainly to the 8.9 point drop in the all resources index to 406.0. The all industrials fell 1.9 points to CSUMim fell426 words
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Article341 1982-10-23 9 HONGKONG THE Hongkong stock market yesterday closed slightly tower on fairly active late profit-taking with technical (actors dominating trading most of the day. Prices reqpvSred rapidly in mid-morning on bargain hunting after a lower opening, they said, nsting that a Isss volatile Hongkong dollar Was a supporting341 words
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Article363 1982-10-23 9 SHARE PRICES IN Tokyo yesterday closed mixed after a day of quiet trading, with late selective buying of market leaders more than offsetting early falls attributed to the prolonged political uncertainty in Japan and yen weakness, dealers said. The market average rose 4.08 to at 7,324.04,363 words
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Article150 1982-10-23 9 SHARE price* in Manila yesterday closed mixed on a reduced turnover of 1.19 million pesos, down from 1.52 million on Thursday, dealers said. The commercial/industrial index rsss 0.05 to 87.76, the mining marker was up 3.01 at 985.15 while the oils index was drtvn 0.014 at 1.875. Acoje Mahfc150 words
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Article177 1982-10-23 9 SHARE prices In Bangkok yesterday Brined with both the Securities Exchange of Thailand and Book Club indices rising 1.41 and 1.3 to 126.65 and 110.97. Volume rose to more than 225,000 shares from 145,000 on Thursday and 118,000 on Wednesday. Industrial Finance, Slam City Cement and Slam Cement rose177 words
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Article156 1982-10-23 9 OCT SI Fr» CORBEILLE Air Liquid* «&2 -4 B S KOtmu Duom 14M unch C8r (ThonaonM> Cte ntactlH da* PfUoM 1M -1.1 Cradlt Pooetar I D» Franc* 3M l Hachattc GROUP B Oarrafour UM U PtnancMrada L Union M« -1.1 La/am Bl unch Mo»iH«nnii Ml -S Opfi-Parlbai OUI unch156 words
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Article170 1982-10-23 9 OCT 21 Actloni Sulaaa* /Uuauiaat Br Brown Bow? Br Clba (Mo Br QbiOMoPC Clba Otln Dm Cradlt Sulaaa Br Cradlt Bull Bag Baktrowall Br. Oaorg* FlfchU Br Olotxu Pe Haro Br..,. Hoffman La Rocba 1/10 rnna m SIO in m UH MM •IT MB Si MB tso mo BB170 words
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Article84 1982-10-23 9 OCT 21 m Or Bru Lamb 1430 ♦a forward market Hobot Petm H «0M unci 10 ArtMd ao 10 Ryl Dutch 1MB ♦a I1N 10 unch SKJro Sot Ocn Belf MOO 0 Attnr SO 1312 ■4 Braaemn 173 a Sofln* rrm 8 Bna-Laab Sotvty A r 4-0 Oupic W84 words
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Article73 1982-10-23 9 Hoactut Aajj-Tttefunkcn av IK BMW OooBMntank OooU Oummi Otlahr-Btni Dtutach* Bank Dread ner Bank OHM 32.00 -4U Hooch HorUn Kantadl KHD Pttih—i BTA namm Indu U.K. Volkavacan n mp in MB 210 90 1S1.S0 +07 mm m 1M.10 1J anao u 1MK 1J MM >1.1 M600 «M T»H 13173 words
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Article89 1982-10-23 9 OCT 11 •MO0 ■H CcntnlcOrd Oond Acqua Roma Ertdanla PIMOrd OwMrmll OUn tfl Prt» Urc n orec Ml* UU •119 unch m OS ■IS Mtdlotanct______ 14 llano Aaa Ord Won dad on Pn» MonUdiaon OilvctU Ord Pirelli And C Pirelli Spa Raj Sfl Sof*n* Snla Vlacoaa Slat 361(0 *****89 words
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Article161 1982-10-23 9 OCT 21 ru •a -u KM) KLM 14.40 K00 ♦i IT Mentha 3430 1 I mill mo OOJO MOO 42-3« 0J -u -03 00 Naardcn National Nad Mmh Oca Orlntcn Ommcran M 00 113-00 ***** 147 JO 2130 04 unch 14 ♦12 0l7 •art BoU 10J0 *0(0 0J 5161 words
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Article149 1982-10-23 9 OCT XI AMUttf 3» 17ft -It m -1ft a* -ft m% »ft uncb l~y in T M Ift 17% ft uncb niH'ivfi Cartlnc OVNII CmblRd »ft ft Mft D» -ft m 1 Bvhn CI A as Uuftaoor Haniwri Don Stores n-ita M -ft IM -ft 13 -ft DORM UIHM149 words
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Article255 1982-10-23 9 A Alph. 100 unch Absrcoa AM And CI Aaoprop 330 *10 MO -10 335 unch A MIC BtLTtOWl CO Smith rat 7750 no 1419 Ul 35 M nch 90 nch 310 -i Unn red vou ***** m a PUflt 300 unch Oritcmn HlwW Lib Holds m 401 a unch255 words
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Article1277 1982-10-23 9 NEW YORK STOCK PRICES IN New York on Thursday closed higher after a roller coaster day which analysts said reflected Wall Street's nervousness about the ability of the Dow Jones industrial average to hold above the 1000 mark. The D-J average rose as much as 9.48 points1,277 words
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2504 1982-10-23 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday, with the number of shares traded shown in brackets in lots of 1.000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Ac** (160B)<l)180(62)ie0 Allied2,504 words
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Article3033 1982-10-23 10 1982 High Low Company Last Sale Gr'« Gr'« Net Div Div YTd P/E Vol Day -for- C»r (*000) High Low SECTION ONE INDUSTRIAL COMMERCIAL 390 233 306 330 141 291 480 328 247 Ac ma Alcorn 132 Allied Choc 210 BAT 283 Bat* 68 Ben Berjaya Kawat3,033 words
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Article1852 1982-10-23 10 BID and offer prices officially listed and hist—sb 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. IHWiHUAU If IHi (UB) (1)1M Akmm (LOB) (1) 1« (17) LM (XI)1,852 words
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686 1982-10-23 10 STOCK prices amde aa Im-pft-lw ipnri mvc ca lnutiri' NiliiMee remataedMgh. I m<i the wtj if «H Geattogs Bhd. It AM ap M cents to $S.4< «(tor the Matoystaa Priam Matter Nli IM the gftfMMSwt mj bM dm the maaeythe'gleep. A totof «CTBMH A686 words
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Article530 1982-10-23 10 THE traditional withdrawal of interest prior to the annual budget was not seen at the Kuala Lumpur stock market yesterday, as share prices continued to surge upwards in strong buying ■peri This was seen in the New Straits Times Industrial Index which jumped 22.07 points530 words
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Page 10 Advertisements
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Advertisement0 1982-10-23 10 +}[+$&_<|!;[`,_;[{-+`<`|\>}$?(/0 words
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COMPANY NEWS
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270 1982-10-23 11 PARIT Perak Holdings Bhd, an investment holding company, achieved a marginal improvement in earnings for the financial year ended June 30,1962. In its latest annual report, the company reported pretax profits before extraordinary items of MJ10.06 million compared with $9.99 million previously.270 words
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281 1982-10-23 11 Reuter THE JAPAN Securities Trading Council, an advisory body to the Finance Ministry, will recommend changes to rules on new corporate share issues In an attempt to attract small investors back to the stock market. The recommendations, to go to the ministry next month, willReuter - 281 words
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465 1982-10-23 11 MANSON Finance Trust, a small UK banking company in which the Hong Leong group has majority interest, has reported pre-tax profits of £1.39 million for the year ended June 30, 1962, compared with £1.53 million for the previous 14-month period. Group revenue was465 words
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Article130 1982-10-23 11 OUTSTANDING post-dated cheques with a total face value of more than 26 billion dinars have been registered with a committee appointed by the government to tackle the country's stock market crisis, officials said. A government decree issued last month required that share deals with postdated cheques be130 words
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Article657 1982-10-23 11 Carreat Bz Huh Date Tata! far T»tal«er Paymeat Dale One PayaMe the year Prevteaa Awtral Anal «Fr Oct 14 Oct 26 Nov 9 85% 90% BAT 36.4%I Oct 8 Oct 15 Oct 25 36.4% 77.3% Mi LJataag 10% Nov 1 Nov 11 Nov 29 15% 15% Hull 3.3%657 words
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Article206 1982-10-23 11 Csmpaay PwttMlMV Ex Date Bstks Close Fed CaMea Proposed rights issue o(l for 3 $1.15 per share NY A NYA G Lamber Proposed rights issue of 3 for 10 $1.00 per share NYA NYA OM Cmt» Bonus issue of 1 for 5 Oct 18 Oct 25 KGHUp Bonus206 words
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281 1982-10-23 11 EAST Asiatic Company (Malaysia) Bhd, replying to a query from the Kuala Lumpur Stock Exchange (KLSE) on Its profit forecast for the 1982 financial year, has given a number of reasons for its optimistic projection in spite of a dismal showing at the interim stage.281 words
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534 1982-10-23 11 Reuter FEARS that Monsanto Co's thriving herbicide business may suffer from recent developments in the US government's agricultural programme sparked heavy selling in the company'» stock recently, analysts said. There was also worry that depressed conditions in agriculture, as evidenced by problems atReuter - 534 words
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Article195 1982-10-23 11 HNGAFOKE UNIT 1BUR CM——' prtew tar 0* The Commerce 2.84 2 98 The Savtngi Fund 1.6 1.70 S'pore Prog Fund 1.25 l.Ilxd S pore Sec. Fund 1.M 197 S'pore Invest Fund 1.00 l.(B S'pore Equity Fund 1.M 1.30 AflU UNRTSUR (MMtftn' prteM tar Oct Mai Invert Fund 2195 words
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Corporate Roundup
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Article83 1982-10-23 11 has set a long- range target of 12 to 18 per cent annual growth in operating earnings and the company believes growth could be at the upper third of that range, chairman Walter Wriston said. He told security analysts that Citicorp should have "solid earnings growth" over the next83 words
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48 1982-10-23 11 1m expects lower 1982 full year earnings in spite of a good performance overseas, a more favourable tax rate and smaller effects from currency changes In the third quarter. The company reported third quarter earnings of U*****.2 million, compared with $171.1 million last year.48 words
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Article160 1982-10-23 11 Reuter said lower 1982 nine month earnings were due to reduced crude oil prices and production volumes, and the absence of last year's USSBO million gain from the disposition of a mining operation. Earlier it reported 1982 nine month earnings fell to $1.41 billion from $1.54Reuter - 160 words
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Article1003 1982-10-23 11 THE current research effort at Sime Darby's two agricultural laboratories near Kuala Lumpur is focussed on identifying the options available for the future diversification of the plantations. Cassava and mate are but two of a list of 30 crops which are being looked into to1,003 words
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Article223 1982-10-23 11 KRAMAT Tin Dredging Bhd has turned in a pre-tax profit of M 5132,000 on reduced output and sale of tin concentrates for the six months ended July 31, 1982. Kramat's latest profit is down some 52 per cent from the $276,000 recorded during the immediately223 words
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Page 11 Advertisements
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Advertisement51 1982-10-23 11 Times Bestsellers THE HOTEST BOOK IN TOWN from the author of COMA 'Gripping Vivid and believable' New York Times WOMEN'S WORK by Anne Tolstoi Wallach Oomina was good. More than good. The Best. Head of her own creative team, but still she could not get what she wanted the senior51 words
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310 1982-10-23 12 THE SECOND Stock Exchange Game, sponsored by the Stock Exchange of Singapore, will be officially opened on Monday. Forty teams of three members each, all National University of Singapore undergraduates, will be participating in the game. This game is organised by AISEC Singapore (International310 words
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Article29 1982-10-23 12 Mta M tZ?£St*Z wSTLSm tar w nar ewM May SI (IMS bOHm pfcvta—iy), m a ICJ per Mat rtw la taiarver to SISJS milltoa (fll.M flaal MiMuai rflpr29 words
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Article760 1982-10-23 12 THE STOCK market drifted in quiet end-week trading yesterday but leaders were occasionally off the lows by the close, dealers said. At 3pm, the Financial Times index was off five points at 617.9. Interest was focused on SIC, with H"p starting in the 40 shares off by ITT760 words
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Article129 1982-10-23 12 AP, Reuter THE NEW YORK stock market was mixed yesterday morning, running into stepped-up selling pressure at its highest levels in ninp years. Advances outnumbered declines by about seven to five in the early tally of New York Stock Exchange-listed issues. But the Dow Jones average ofAP,; Reuter - 129 words
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Chief Price Changes
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Article156 1982-10-23 12 Rises Hut M 080 66 Mipu Corps 322 30 GtiUan M B F Hld(i M 364 +36 22 8 T P 1975 975 +30 BtriuUi Parlis PUat 530 +30 375 16 Tu Choi| 340 16 Nat Iroa 006 15 M Baaklag 030 15 Ialaad ft Paa 615 15 8k«a|ri-La156 words
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Article, Illustration132 1982-10-23 12 THE SINGAPORE stock market made a rianble mm tto upward mum yesterday, when baying wu stimulated by Ike Impending m* ■mtemft ef n bmnble Malaysian bidfet last evening. Censeqnentty, the Stahare Straits Times Indnstrlni Index advanced 13J4 points to 728.72 at the clsse. The umbers st gainers ntpaeed132 words
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Article50 1982-10-23 12 FINANCIAL TIMES INDUSTRIALS Thursday 822.9 Wednesday 820.5 Week Ago 804.9 Friday Thursday Week Ago AUSTRALIAN INDUSTRIALS 832.88 833.16 880.48 DOW JONES AVERAGE INDUSTRIALS Thursday 1038.98 Wednesday 1034.12 Week Ago 908J7 HJLHANG SENG Friday 858.0 Thursday 880.9 Week Ago 855.1 ALL ORDINARIE8 Frldav 518.0 Thursday Week Ago .524.8 521.150 words
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505 1982-10-23 12 SIOW LI SEN - IMIKII Companies Editor: Mano Sabnari By SIOW LI SEN UNITED Industrial Corporation's proposed US$5O million aikylbenzene plant in Jakarta has finally got the go-ahead some 10 months after it was first announced. The detergent-based group yesterday announced that the Indonesian President agreed to505 words
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Article407 1982-10-23 12 PENANG property tycoon Datuk Lim Kheng Kim has been appointed a director of Chocolate Products (M) Bhd, following his acquisition of a 291 per cent stake in the company for M 511.36 million. Datuk it™ paid M 53.55 each fpr the 3.2 million shares in407 words
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519 1982-10-23 12 FLORENCE CHONG - By FLORENCE CHONG SINGAPORE-BASED property developer Tay Kia Hong has given Sydney's depressed property market a substantial boost with development plans totalling more than As6o million. Mr Tay is better known in Singapore (or his longestablished animal skin business undertaken by Chye519 words
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569 1982-10-23 12 KUALA Lumpur Stock Exchange chairman Tengku Noone Aziz bin Tengku Mahmood has suggested that companies should in future take more precautionary measures in the light of the recent spate of forged share certificates. "I think all companies should print their share certificates on569 words
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Article129 1982-10-23 12 THE KUALA Lumpur Stock Exchange has asked Mia HalAags to clarify Malaysia press reports that it was negotiating to buy a substantial stake in AIJJKD Ch»e»late Iaiastrles Ltd has signed a sale and purchase agreement with Lim Kheng Kim Holding Sdn Bhd (or the disposal of its shareholding129 words
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Article114 1982-10-23 12 TUNKU Da to' Ahmad Yahaya, newly appointed Sime Darby's group chief executive, has announced some organisational changes which will take effect from Nov 1. Mr KN Eales, currently divisional director of international trading, will »»ir» over from Mr D Park as divisional director of plantations. Mr114 words
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Page 12 Advertisements
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Advertisement258 1982-10-23 12 The Office Book Ideas for creating your company image through design THE OFFICE BOOK is the first comprehensive, practical guide to planning, designing and decorating the modern office, with professional advice on how you can translate these ideas into your own office, whether large or small. Starting from basics, THE258 words
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Page 12 Miscellaneous
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Miscellaneous64 1982-10-23 12 W E AT.H E R OUTLOOK tor today: Fair Id the morning; scattered showers in the afternoon. Report tar 24 Inn prtor to 7J9 pm m Oet 22 at the alrpart: Maximum temperature 33.8 Associated humidity 54 Minimum temperature 25.1 Associated humidity 97 Hours of sunshine 8.95 Rainfall in millimetres64 words
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