The Business Times, 30 October 1982
1982-10-30
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The Business Times
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Title Section11 1982-10-30 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, OCTOBER 31, 1182 60 CENTS11 words
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438 1982-10-30 1 KOH TSE YING - By KOH TSE YING THE surplus revenue of Telecoms last year rose by 34 per cent to $354 million as total operating revenue increased at a faster rate than operating expenditure. Total operating revenue for the year ended March 1962 amounted to $666438 words
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160 1982-10-30 1 THE Public Utilities Board will reduce its electricity tariffs by half-a-per-cent per kilowatt. The new charges will start today and will apply till Jan 31, 1963. Domestic consumers, except for the few very large ones, will enjoy an overall reduction of 2.4 per cent in160 words
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Article501 1982-10-30 1 GOH ENG KEE - By GOH ENG KEE TELECOMS has bought 7.9 per cent of Times Publishing Berhad as part of its development of the Teleview information service, expected to be in operation by 1906. Mr Frank Yung, chairman of Telecoms, told Business Times yesterday that Telecoms had501 words
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569 1982-10-30 1 LEE HAN SHIH - By LEE HAN SHIH DEVELOPERS responded eagerly to the latest URA sale of prime sites and sent in 122 tenders for nine parcels yesterday morning in spite of the prevailing depressed property market. "It does not seem like Singapore is suffering from any569 words
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Article314 1982-10-30 1 AP THE GROWTH rate of Singapore's economy is slowing although it has continued to expand in recent years. The US Department of Commerce said in the first half of 1962, Singapore's economy grew at an annual rate of 6.8 per cent the lowest rate sinceAP - 314 words
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BRIEFLY...
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Article64 1982-10-30 1 Reuter THE US index of leading economic indicators rose 0.5 per cent in September, the first increase in six months, after a revised 0.2 per cent decline in August. September's increase pushed the leading indicators index to 130.4 per cent of its 1967 base of 100. LastReuter - 64 words
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Article42 1982-10-30 1 AFP ASEAN has formally rejected a long-standing Indochinese proposal for a limited international conference on South-east Asia. A statement released in Bangkok yesterday dismissed the proposal, recently reiterated by Laos, as a bid to legitimise Vietnam's presence in Cambodia. AFPAFP - 42 words
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Article101 1982-10-30 1 Reuter BRITISH Prime Minister Margaret Thatcher has accused Soviet bloc governments of "ruthlessness and barbarism" and urged the West to keep a strong military deterrent. She said the experience of Poland showed that a society could not be shored up indefinitely by force and a "pitiless ideology."Reuter - 101 words
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Article61 1982-10-30 1 Reuter THE proposed Tin Producers' Assocation linking the three largest producers, Malaysia, Indonesia and Thailand, is not aimed at competing with the Sixth International Tin Agreement. Malaysia's Primary Industries Minister Paul Leong told parliament the association does not run counter to the ITA, which links producers and consumers,Reuter - 61 words
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Article54 1982-10-30 1 AFP JAPAN intends to protest through diplomatic channels against France's recently imposed restrictions on imports of Japanese videorecorders. A spokesman for the Ministry of International Trade and Industry said France's decision that Japanese video-recorders now must clear customs in Poitiers instead of at Le Havre is similar toAFP - 54 words
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Article64 1982-10-30 1 AP THE Polish government lashed out at new US economic sanctions against the ban on the Solidarity union and threatened counter-ac-tion. A statement published in all Polish papers said: "The Polish government will consider steps it will deem proper to take in PolishAmerican relations and in theAP - 64 words
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Article82 1982-10-30 1 AP PRIME Minister Mahathir Mohamad said yesterday that a Malaysian car will be manufactured by a joint-venture between Malaysia and Japan and it would be ready for domestic sales by 1986. He said the Malaysian-made cars were likely to have an engine capacity between 1200 cc and 1600AP - 82 words
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293 1982-10-30 1 BUBINEBS ku grivi twrnwrfiMly at Btegapere Alrllses' wkclly-twaed '■iiruet sablaldlary, Sippin AviitiH aid Geaeral Imruee (8agl). Preadama ealleeted by *ft«r dedaetlag far reiasaraaee, deahted tram W mllßaa a year age to $7.f mllllaa far the 12 meaths mM March, I*2. This293 words
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472 1982-10-30 1 BERNADETTE CHOOI - By BERNADETTE CHOOI THE recycling of the Organisation of Petroleum Exporting Countries' surplus to deficit countries was a "terrible error", said the chairman of National Westminster Bank yesterday. The word "recycling", said Mr Robin Leigh-Pem-berton, led many countries to believe that "domestic472 words
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Page 1 Advertisements
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Advertisement236 1982-10-30 1 (?;}\{='+,!>-@[|_^@|;]\:]"_")^< See page S rcMDBI AUSTRIA'S second largest bank has applied for a representative office licence and is now awaiting Monetary Authority of Singapore approval Page 2 THE situation on international finance markets has worsened in recent months, and banks are under great temptation to call in funds Page 2236 words
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Advertisement84 1982-10-30 1 njgJ^P: When dining Italian' at La Taverna Isn't it nice to know" youVe got the Card. La Taverna restaurant at the Hotel Grand Central offers a toast to the good life with pasta, pizza,and vino. This hearty Italian zest for living makes La Taverna high on the list of discriminating84 words
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Advertisement99 1982-10-30 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) GRAND SLAW by/VIUNSINGVML4Ru.S A .V v m f f rofessional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear Keith chooses GRAND SLAM I>ecause he cares alxmt99 words
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BANKING AND FINANCE
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516 1982-10-30 2 ANGELINE TAN - By ANGELINE TAN AUSTRIA'S second largest -bank, Osterreichische Landerbank, has applied for a representative office licence and is now awaiting Mone- tary Authority of Singapore approval. The bank feels that it "cannot afford to ignore the Asian market" as the AsiaPacific region is developing516 words
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195 1982-10-30 2 Reuter YOSHIAKI Araki, president of the Japanese Federation of Bankers Associations, said he opposes proposals to abolish the tax-free bank deposit system in Japan for small savers as a measure to increase tax revenue. Araki was commenting on a -statement made by Yoshihiro Inayama,Reuter - 195 words
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135 1982-10-30 2 UK BANK haae rates an likely to fall a farther 2 pereeatage psiato la I per thTfirsttoS sfuS^Mtto stoekMer FMBps ""US Drew said. In lis latest w—h tore easts, the UK Bra said the giuiiMiiirt IsJOgg to SSt Smu135 words
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391 1982-10-30 2 AP AMERICAN government and burine— leaders have agreed that US authorities should not intervene in currency markets to prop up the value of the Japanese yen. This stand was made after a meeting at the White House on Thursday. The yen was quotedAP - 391 words
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278 1982-10-30 2 THE Argentine central bank is hopeful of an early settlement with UK and all creditor banks, and is awaiting a reply to draft proposals put to UK banks on overdue and outstanding loans, a central bank spokesman said. He declined to comment on a report278 words
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185 1982-10-30 2 Reuter MEXICO has started drawing down the second tranche of its US$l.B5 billion short-term credit arranged last August with the US Federal Reserve and other central banks in conjunction with the Bank (or International Settlements, European monetary sources said. The second tranche consistsReuter - 185 words
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351 1982-10-30 2 Reuter THE situation on international finance markets has worsened in recent months, and banks are under great temptation to call in funds in a scramble to save themselves from harm, Swiss National Bank president Fritz Leutwiler sakl. Leutwiler, also president of the Bank for International SettlementsReuter - 351 words
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Article100 1982-10-30 2 A Citibank spokesman in New York confirmed r«<«ii»f Fairview Corp has defaulted on an US$B4 million mortgage on a New York City office site. Citibank will take back the property. Cadillac Fairview notified the bank last week it would not make a HO million interest payment due100 words
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170 1982-10-30 2 Reuter LEBANON has asked the World Bank for a US$5OO million loan over two to three years to help repair war damage, the head of the country's Council (or Development and Reconstruction, Mohamed Attallah, said. He said the request was made during President Amin Gemayel'sReuter - 170 words
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Article122 1982-10-30 2 THE Singapore branch of Saitama Bank will be tapping the Asian dollar market with a US$l5 million floating rate certificate of deposit. The four-year issue is managed by Citicorp International Ltd, a member of the Citicorp International Group, and Saitama International (Hongkong) Ltd. The FRCD», denominated in122 words
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MONEY AND EXCHANGES
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Article486 1982-10-30 2 THE US dollar erteded an early gain against most major currencies In a day of (airly quiet trading yesterday. Against the local currency, the US dollar opened slightly higher than the overnight closing rate at $2.2110/20. It dropped continually to a low of $2.2065/ 80 in day and486 words
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Article22 1982-10-30 2 THE average rate at which major Singapore banks are earrently prepared to lend to their best customers is 9.70 per cent.22 words
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Article50 1982-10-30 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 1 to Nov 5: Ottered: $150,000,000 1 spiff far: $182,670,000. Allotted: $150,000,000. Accepted Hds: $99.21 approximately 74 per cent; higher bids in full. Average rale st dlseeaat m allotment 3.140 per cent per annum.50 words
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Article71 1982-10-30 2 THE DOLLAR in London yesterday opened strong against all major currencies, due to large commercial orders, mostly from Switzerland and West Germany, and weakness of the yen. Opening quotes yesterday: US —1.6788/18 Can 2.0577/MM Qrtas —1.2259/62 DMk- 4.2900/45 DF1-4.6585/6623 SFr- 3.6875/7015 B FY coo 83.01/14 F Ft 12.1246/385 Lit71 words
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Article114 1982-10-30 2 THE US dollar In Hongkong yesterday extended an early gain against other major currencies in fairly quiet, late trading, dealers said. It advanced to 277.35/50 yen after rising to 277.05/30 earlier from New York's 275.85/276.00, following US Treasury Secretary Donald Regan's statement the US goverment has no plan to114 words
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Article125 1982-10-30 2 THE DOLLAR dollar for overnight delivery in Tokyo yesterday closed easier at 277.40 yen after opening at 278.50, its highest level against the yen since May 1977. The dollar fell from an opening high to 277.40 at midday and remained quietly steady in the afternoon, they said. The closing125 words
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Article167 1982-10-30 2 ASIAN ASIAN currency deposit Interbank rates as at close on Oct 20; Closing Asian dollar certificates of deposit for prime names on Oct 29: USMknKSpt) 7 days 6* 9% l month M 9% 2 month* 918/16 613/16 3 months 101/16 618/16 tmonihi 108/16 103/16 months 106/16 107/16 12 months 1011/*****/16167 words
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Article42 1982-10-30 2 RANGE of prices oflei «d by 41scount bOMM 1 OB Oct Overnight :IU CftUdqm H§: m m 3-month Treasury bills 9* S J-month Bank bills 7* 7* 3 months CD 7* 7 6 months CD 7% 7H Source: National Discount Co42 words
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Article287 1982-10-30 2 GOLD FUTURES in Singapore yesterday closed generally weaker in quiet trading reflecting easier overseas gold prices, dealers said. Total sales (or the day was recorded at 83 lots while kerb volume at IS4 lots. Prompt closed softer at U5H16.70/418J0 an ounce against 419/420 in New York overnight, December at287 words
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Article31 1982-10-30 2 An M New York 9.8SB MSB tJH ins Zurich 9.&B rim >.«S IJB6 PM An Singapore 9.75B MB •JBS IJB Ctataf pric ta US doUart troy oubq Smtm: ON31 words
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Page 2 Advertisements
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Advertisement364 1982-10-30 2 m N.M. ROTHSCHILD SONS (SINGAPORE) LIMITED 1. Banking Executive 2. Corporate Finance Executive N.M. Rothschild Sons (Singapore) Limited invites suitably qualified applicants for two challenging positions which offer excellent career development prospects. Banking Executive The successful applicant will have a sound grounding in finance and accounting with a minimum of364 words
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Advertisement210 1982-10-30 2 NIXDORF COMPUTER This leading West German computer company is now in Singapore. Besides manufacturing activities employing more than 250 people, the marketing and service company has penetrated the local market with its range of small to medium computer systems which are equipped with advanced commercial and banking packages. Ambitious and210 words
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TRADE AND INDUSTRY
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513 1982-10-30 3 ANGELINE TAN - ANGELINE TAN THE gastronomical Mights of the Ave Aku countries will be available In Stagapore soon with the opening of Fiesta Manila Filipino Restaurant In November. Located in Liat Towers, the restaurant, which will -offer authentic Filipino cuisine, Is the brainchild of an513 words
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Article, Illustration199 1982-10-30 3 MICHAEL i Daisy has been appointed vice-president of marketing and a director of Halmar Marine Pte Ltd, a new wholly owned subsidiary of Halter Marine Inc. Before Joining the company, Mr Daley spent 15 years with Twin Disc in Great Britain, Australia and Singapore. Halter Marine Inc199 words
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466 1982-10-30 3 TELECOMS will combine telecommunications and computer technologies to usher the Republic Into the Information age by the end of this decade. Telecoms chairman Frank Yung said: "It win be Telecoms' policy to collaborate planning with suppliers of hardware and specialised software,466 words
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Article189 1982-10-30 3 FIFTEEN engineering companies have submitted 70 proposals to the InterMlnistry Committee on pig waste treatment as the first step towards helping 12 new pig (arms obtain government subsidies (or their waste treatment plants. The process design and engineering construction drawings of the treatment plants must189 words
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169 1982-10-30 3 THE Skills Development Fund has granted a subsidy of HO,OOO to the Singapore Motor Cycle Trade Association for the launching of SMCTA-Vocatloaal and Industrial Training Board motor training The SMCTA baa donated $M 5,000 to the VTTB for equipment, tools, motor cycles, wages, Central169 words
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486 1982-10-30 3 KOH TSE YING - By KOH TSE YING IGNORANCE or poor under of the Factories Act appears to be the rnmin reason behind most infringements. A survey of 273 factories carried out recently by the Ministry of Labour revealed that only 12J per cent of these factories bad486 words
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543 1982-10-30 3 LEE HAN SHIH - By LEE HAN SHIH ABOUT H nifilkm to 97 million worth of microcomputers, software and peripheral* were «old la the four-day PerComp Ada 82 exhibition held at the Hyatt hotel laat week. Another (12 mfltton to $14 mflttoo will probably be sold tn543 words
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Page 3 Advertisements
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Advertisement144 1982-10-30 3 ?£lr i?Si k s ,4 ®4 V S-V,<r*. t/3K-.' •.*> r O v \0 xc> e \\>° AN A C {£>' AO v cF c ,e*\: r# -oSP'. ,s( er'^rf* c rfVWWI e c ''«V*rf x r v«P* \0 v ,\p \5 <) e oP v <\^' 1 T *'>144 words
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OVERSEAS
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203 1982-10-30 4 Reuter ENVIRONMENT and consumer groups have launched a concerted campaign for a European ban on lead in petrol, seen as a major health hazard to children. The European Consumers' Lobby, BEUC, and the European Environment Bureau (EEB) said the aim was toReuter - 203 words
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Article154 1982-10-30 4 Reuter RECESSION in British industry has worsened in the past three wyMithn causing very serious concern, the country's employers federation said. A quarterly survey by the Confederation of British Industry (CBI) said economic prospects were likely to deteriorate in spite of lower inflation and interest rates cuts,Reuter - 154 words
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413 1982-10-30 4 Reuter TRADE disputes between the European community and the US could extend in the future to the car industry and advanced technology. According to a report by the EEC's Economic and Social Committee on transAtlantic relations issued on Wednesday, recent or looming disputesReuter - 413 words
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Article210 1982-10-30 4 UPI ABOUT a half tonne of termites exist for every person In .the world and the woodeating Insects add surprisingly large amounts of methane and carbon dkndde to the atmosphere, a US government researcher said on Thursday. PR Zimmerman of the National Centre forUPI - 210 words
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173 1982-10-30 4 Reuter POLAND'S military rater, Gsaeral Wejeleeh Jarasetetd, has held eat the flhllllj at ttfttag mantel tew la the next lew bmllm -Jtert eaiy II the c—«try's The geaeral, at the eat mt a two day eeatral committee meetlag ea Thanday sight, said theReuter - 173 words
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429 1982-10-30 4 AP THE WORLD rnrwiim has hit Rolls-Royce, maker of the ultimata status symbol on the road, forcing layoffs in Britain and a March (or new VIP buyers overseas. The company had been hoping to boost production by 5 per cent to per cent thisAP - 429 words
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282 1982-10-30 4 Reuter INDEPENDENT ship owner* win scrap a record tonnage of tankers this rear btamm of the fcprwsid dripping market. Carl Rentx-Petersea, chairman at the Inter nntlonal A—ocistlon of Indtpendeat Tanker Owners (hlr tanko), said around M million deadweight tonaes would beReuter - 282 words
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Article456 1982-10-30 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Aim In Golden Globe Jade m Jenson Khlan Sailor Kota Sejarah Osa Bonanza Perak Rajah Brooke Simba Sllverfjord Glorious I Cherry Jaya Jumpa Jenson IV Kim 8oon LI Mangan Silver Star San Luis Temburong Van Triumph Vlshva456 words
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Article180 1982-10-30 4 AP AN 1870 US$3 gold piece from the world's only complete collection of American gold coins has been sold at auction for a record US|G2S,OOO. The sale by Bowers A Ruddy Galleries Inc, of Los Angeles, for the owner, Gold Coin Corp, brought theAP - 180 words
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299 1982-10-30 5 AP Reuter OMAN will increase its oil production by 10 per cent to compensate for lower prices on the international market. Oil Minister Ahmed Shanfar! announced on Thursday that the increase is necessary because of "the slump of oil prices in internationalAP; Reuter - 299 words
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210 1982-10-30 5 AP A DELEGATION of the Hongkong Trade Development Council led by its chairman, Sir Yuet-keung Kan, left Hongkong on Thursday for a 10-day visit to the Chinese cities of Beijing, shanghai Canton. Sir Yuet-keung said before leaving, "In broad terms, our objective isAP - 210 words
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230 1982-10-30 5 AP THINGS are leaking good tar the world —|f next year becaaae af two cartons (sets IMb year: Mmm activity Is down In the stock market prims are sp. What this mih, says the Conference Beard la America, Is that stock markets InAP - 230 words
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Article720 1982-10-30 5 ARRIVALS Service Local Operator Naaber Tine Proa PAA FT CAL CLUX SIA MAS MAS PA005 FTH CB31 CV796 SQ101 MHG01 MH682 0025 0640 0050 0S45 0805 0920 0945 jfk/sfo/hkg JFX/ORD/ANC/ NRT/TPE/KUL TPE LUX/DXB KUL KUL KCH RBA MAS SLA CPA SIA MAS GIA THAI GIA BI421 MH671720 words
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609 1982-10-30 5 AP Reuter A CONFIDENTIAL economic (orecast prepared (or the US Federal Reserve Board predicts somberly that the American economy will grow very slowly next year and that unemployment will remain in the 10 per cent range. The internal staff forecast, drafted earlier thisAP; Reuter - 609 words
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248 1982-10-30 5 AP PRESIDENT Reagan launched a campaign through the western part at the US on Thursday charging that the Democrats "don't want a recovery" in the US economy but only a political victory. At a rally on behalf of senatorial candidate Larry Williams andAP - 248 words
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190 1982-10-30 5 Reuter THE United Nations General Assembly has called for the fourth time since Vietnamese troops entered Cambodia in 1978 (or all foreign forces to withdraw from that country and the restoration ot its independence. Voting on the resolution was 106 to 23,Reuter - 190 words
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149 1982-10-30 5 AP SCIENTISTS have synthesised a rare brain compound that stimulates tissue growth a development they say could help both in speeding the healing of wounds and regulating the growth of humans animals. The compound, which controls the release of growth hormone from a glandAP - 149 words
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WORLD IN BRIEF
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Article358 1982-10-30 5 Agencies BRITAIN'S opposition Labour Party narrowly won a new parliamentary seat in Northfleld, Birmingham, and held its seat in Peckham, London, in by-elec-tions. Labour won Northfleld from the ruling Conservative Party by 289 votes after two recounts and retained Peckham, where it received over 50 perAgencies - 358 words
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188 1982-10-30 5 AP UNITED States Defence Secretary Cupar Weinberger said that a speech by Soviet President Leonid Brezhnev underscored the need for US voters to reject resolutions m«g for an immediate free» on nuclear weapons. Admittedly worried about the way voters will go nextAP - 188 words
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180 1982-10-30 5 AP THE International Monetary Fund said Malaysia "has achieved remarkable economic growth and price stability throughout most of the past decade". But Malaysia's economic prospects for 1982 are considered somewhat less favourable than during 1981, the fund said. In the Oct 25AP - 180 words
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Article143 1982-10-30 5 Reuter AUSTRALIA and New Zealand have negotiated an agreement for closer economic relations setting up, in effect, a common market of the two nations' 18 million people. The agreement was reached after all-day talks IN Wellington on Thursday between New Zealand Prime Minister Robert Muldon and Australian DeputyReuter - 143 words
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Page 4 Advertisements
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Advertisement749 1982-10-30 4 ah Union de Banques Arabes et Frangaises-U.BAF. 190 Avenue Cho ries-de-Gaulle, ***** NeuiMy Cedex, Franc* tliiQ«por> Branch. Unit 11-00 The Arcade, 11 Cotyer Quay, Singapore 0104 Statement of Accounts for the year ended December 31,1981 Note: All figures quoted in French francs. Balanca-ahaat (after appropriations) i ASSETS > CASH, ISSMBIO749 words
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Page 5 Advertisements
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Advertisement692 1982-10-30 5 THE DAIWA BANK, LTD. Head Office: 21, Bingomactii 2-chome, Higashi-ku, Osaka 541 JAPAN Non-Consolidated Balance Sheet for 1982 -(-1981 BANKING ACCOUNT (Units: ¥1,000/ Deposits ¥5 Call Money Borrowed Money Foreign Exchanges Other Liabilities Reserve for Possible Loan Losses Reserve for Retirement Allowances Other Reserves Acceptances and Guarantees ,548,933,968 538,274.660 73,615,721692 words
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Article493 1982-10-30 6 IF YOU catch all the termites in the world and put them on a weighing machine, the scale will probably read something like 2,300,000,000 tonnes. This would not be surprising if you happen to know that a single termite queen, which does nothing but lays eggs, can lay493 words
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Article, Illustration1110 1982-10-30 6 RICHARD LAMBERT - By RICHARD LAMBERT FT IT WAS, said John Z De Lorean, going to be the world s first "ethical car company." Detroit was dead on its feet weighed down under mountains of bureaucratic paper work and obsessed with short term profits. In the giant carFT - 1,110 words
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Page 6 Advertisements
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Advertisement62 1982-10-30 6 announcement appears as a matter of record only. UNIVERSAL CABLE (M) BERHAD SYNDICATED LOAN FACILITY OF M $33,000,000 Lead-Managed by Asiavest Merchant Bankers (M) Berhad The Chase Manhattan Bank, N.A. Funds Provided by The Chase Manhattan Bank, N.A. Asiavest Merchant Bankers (M) Berhad Public Bank Berhad Bank of Commerce Berhad62 words
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Page 6 Miscellaneous
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Miscellaneous439 1982-10-30 6 21 Lad from the outskirts of Bombay (3) 22 Sick of billards? (3) 23 One cup gets split when you Jump (8) 25 By permission at first (3) 28 Get is with a key before fiddling the rent (5) 30 Stiff game (5) 31 Magnificent septet (5) 32 It simply439 words
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Miscellaneous808 1982-10-30 6 TiVKIRWDTO j SINGAPORE 5 1 1.00 PM Opening Mowed by Sesame Street: This educational programme for children this week focuses on the letters "6" and "I" and the number, "11". 1.55 The Perky Pig Show: (Cartoon) 2.20 Sahrday Matinee She's in the Army How: This comedy is about five young808 words
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Article, Illustration1460 1982-10-30 7 THIS weekend the Oversea-Chinese Banking Corporation celebrates its 50th anniversary. It does so against a background where banks around the world are too often engaged in calculating the dwindling level of their assets against the rising tide of their non-performing loans. While1,460 words
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Article, Illustration1025 1982-10-30 7 RICHARD LAMBERT - Price cuts and improved production techniquee are booating sales of videodiscs and players in the US after a disastrous start, reports RICHARD LAMBERT RICHARD LAMBERT FT AT ONE stage it looked set to become the biggest flop in the history of consumer (electronics. But theFT - 1,025 words
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Page 7 Advertisements
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Advertisement622 1982-10-30 7 < hairman: U 2: u r i w > w 1 I d-/-v t—- < a£ H a o SS CZJ fc M w x > w HE |q fc o z 02 <1 a -3 s. x Tin; CONFERKNCK LEASIN<« as an innovative source of capital equipment 11in< 1622 words
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Page 8 Advertisements
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Advertisement719 1982-10-30 8 Where to wine, dine and entertain HP, with the American Express' Card "i# _flu I m. am »a** W If you dont already have the Card\ call *****33 for an application form MUtiVj < V -A 1 v t rN BUNGE Get into the beat with Asia's leading jazz musician,719 words
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Advertisement104 1982-10-30 8 Keep up your Spirits \ietoria Bsir *4 ft M 0 ffwith B*a entertainment from The iraet telexing way to rellect on yourde/ssuooeee No cover charge. MOP WWW Hal OKI Tt (ZD >w) K I I !M I® restaurant celebrates its 2nd Anniversary And as part of our celebrations, guests will104 words
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RAW MATERIALS
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Article178 1982-10-30 9 ■OWE fwi— Ksßhsst», jiniwff. ana (Mm irises per 1« kg yesterday. CtMHI «II: Bulk fob 185.00 sellers, old drum (in second hand drum) fob $M.OO sellers, new drum fob {102.00 sellers. Cspra: Mixed (loose) unquoted. Pepper: Muntok white pepper fob Asta NLW (315.00 sellers, Sarawak white pepper fsq178 words
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Article329 1982-10-30 9 SINGAPORE: Yesterday's closing prices in S$ per Idlo, dx-godown: •THAI WHITE: 100 per cent ffrst class (Kangaroo) new crop 1.00, 100 per cent second (Jaas 0.78, 100 per cent third cdass 0.73, 25 per cent new crop i{> stock, B-10 per cent 0.70. •THAI BROKEN: A-super <{60, Special 057.329 words
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Article190 1982-10-30 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with November One RSS buyers quoted at 190.00 cents per kilo, up 2.50 cents from Thursday's close. Morning prices were marked up slightly on trade covering and some buying support after a marginally lower opening. Afternoon prices gained further ground on190 words
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Article32 1982-10-30 9 Rubber: Oct 29 Singapore: Nov: 190.00 cents (up 2AO cents) Malaysia: Nov: 203.75 cents (up 1.25 cents) Tin: M 529.20 per kilo (unchanged) Offical offering: 130 tonnes (down 50 tonnes)32 words
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Article74 1982-10-30 9 THE STRAITS TIN prlee la Pemg yntw day nmaiMd nehuged at M52».2« a kfle, still witfcia the ITA lewer teeter of Ms2t.ls aad MSSLM, dealers Mot dealers said the eeatlaaed steadhnss stemmed (rem strsag sappsrt (rem the buffer steeh msasger, while ether seeters were virtaally ahseat. Taraever drspped74 words
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Article384 1982-10-30 9 RAS prices In ctnti per kilo yastentojr Noob (psrbflo) (per bflo) Int. 1R-S-S. promt* f.o.b. IT.00 Ibl 1 R-S.S November lM 00 Int. 1 R.S.S December 1M.OO Int. 2 RAS. 174.75 UK/Coot ***** Int. 1 RAS. 170.75 UK/Coat 1M.75 tot 4 RAS. U0.75 UK/Coot 191.75 lit 5 RAS.384 words
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293 1982-10-30 9 AFTER initial steadiness, with current One RSS taken up to 189V 4 cents (S), softer conditions ensued to set market levels back some two cents, except for November One RSS which was leas affected. Turnover overall remained thin, says its rubber review for293 words
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Article196 1982-10-30 9 TARN aad cotton prion were quoted m follows in Hongkong yesterday. (Ia HK dollars, spot ex-fo-dowa) Cttta jars: Chins Blue Phoenix 30s 2,405; 32a 3,080, 40s 3420 (per bate of 400 lbs). Plsss sseds: China Butterfly aad GVotoe brand uaq; Draft» Head uaq; Five Lambs uaq; Flower aad Butterfly196 words
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Article219 1982-10-30 9 SOYBEAN future* in Chicago on Thursday retreated off day's highs to close four to two cents a bushel firmer. Prices received continued support from firming cash basis levels due to tight holding by farmers, traders said. Trade talk that some at the large stocks at delivery points could be219 words
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Article177 1982-10-30 9 WHEAT futures in Chicago on Thursday fell from day's highs to dose up 3tt cents in nearby December to unchanged in defened December. Nearby December firmed relative to other positions as cash basis levels continued to firm, traders said. Exporters bought to offset short cash positions due to tight177 words
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Article393 1982-10-30 9 AP THE INTERNATIONAL Wheat Council on Thursday predicted a record 1982 wheat crop of 466 million tonnes, two million tonnes more than its September estimate and six million tonnes up from the record crop of 1981. The council said record crops and near-record stockpile*AP - 393 words
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289 1982-10-30 9 Reuter THE HEAD OF a Soviet delegation which disnifri grain purchase* from the US in Vienna on Thursday said afterwards the talks were satisfactory. But deputy foreign trade minister Boris Gordeev declined to say ho* much grain the Soviet Union was seeking. "Like any commercial man,Reuter - 289 words
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Article1021 1982-10-30 9 OOfnZ: Actively traded nearby positions in coffee were steadier at midday, between £12 and £1 a tonne above Thursday's dose and close to the session highs. The more distant months of July and September finished £4 easier. Prices moved narrowly, drawing steady support but lacking fresh news to1,021 words
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Article157 1982-10-30 9 THE Malaysian crude palm oil market yesterday closed slightly higher on pre-weekend covering in moderate trading, dealers said. There was little reaction to Indonesia's dropping its 5 per cent export tax on palm oil. In Nov the north sector rose MJ7.50 to Ms67o a tonne, central M 52.50157 words
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INTERNATIONAL STOCKS
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Article142 1982-10-30 9 OCT a ta GROUP B Camfour 1315 +41 COEB8IIXK TJSSSn** Ti 44M 41 Alr-UofoMa 400J0 BSHdmi DMMM_ MM -s I 10 I Latent M OpflkParttM S U ♦0.1 CBF (ThomaooCtf) 141 ChraaeilM tahtalM 108 CMttMadv iU 1J Pntnon 4U0 BsdSotechnlque HI GROUP C -4.4 11 Do PnoM n -M142 words
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Article127 1982-10-30 9 rwrr Franca Budn Pc Mi -1 O*? audnalbK. IMt AtMlM »111 rn Solan- Pt Ml 2? "i Suiaar Ra*. I7M -M Bank Br 90S unch SSnSt "L Tf" Bwtai Bant Corp Ctba Otter Br. ISM Baa «I -i a§2ss£ —jsr -J5 bS&b^ess Cm OHd km. CIS s o— ttM127 words
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Article66 1982-10-30 9 OCTH Pn Of BruLuab L3M -4 FORWARD MARKET PMio rto ■MB ISM TH -U -M oncb -4 -36 Acae ne IU »4 a* i 14 Bldro AM» Bruean 12 > 1 BocOanMc Boflna CXtri "fUmbil a in m -3 -1 1 ox icb 10 CASH MAR Aaur Om II9U66 words
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Article67 1982-10-30 9 OCT L Caotrmto Ord in M mm MM uuo ♦i UDCtl 40 •1 MiaMfnn MlMoo AasOrd HondHnrl Prhr OttrvtU Ord MM 01 JO 4-M +40 *a» M +M -1 178 M Plat CM ~i mil Infer*. nw mi IMUO rao ♦n -fit PtraUISp* IU» 5pa5S?^Z=Z 1X10 *****0 nta 14*67 words
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Article56 1982-10-30 9 OCT oSSo5£ Drutacb* OHM Dm Stan &.40 -CI Howet Hortan t ivrjt -u u UUM -1 III 1 -M -u -a it' -u 0J •1 nmn KHD Unta Pr«n— >vtn Bchf* Thram V«ta. Voifcaw It if ia nIndu HftJO KM -U 11 Ji -0J MM -Li lOJO -U ■15056 words
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Article167 1982-10-30 9 OCT» ru Kbb MM -0J ABM MJO +u KLM MM »U Ahold MJO -U Unrti MM MM* AkOO 17.40 -0.1 NHrtn MM Ml A MTV OOJO -u NaUooal N«J MO.» -U Amtm MM -0J Nodltoyd IMM «U AMU 41.10 -U Nab IMM »M ■iffBM Om Ortatan MUO ♦M B«n167 words
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Article112 1982-10-30 9 OCT M 31 IT* +H W* imch *TW anch at -h aw IT* a w a -w a* an -w 23 W aw w a H 1 aw -w UW aneh IK -W a 1»W -W 1TH -W 1MB onch OtTcUovKal* ouuoucwi aws It* -H aw vi -w Imp112 words
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Article232 1982-10-30 9 1AL8 A Alpha i MO ♦M Abtrcom no I AS And CI Mi MOO m -u zsnz Mon CO Smttb CM A Cum* Flat i uneb -m i DM 1 not m MS unch DIBMHID r«l*voik no ■neb n«wh r««tt MS Ofrntama HMU MO IM Ml HI ■neb •M232 words
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Article1069 1982-10-30 9 NEW YORK A LATE SELLING spree sent New York stock prices sharply lower in light trading on Thursday as investors moved out of the market ahead of next week's elections. The Dow Jones industrial average was off only 4.60 points at 1500 EDT but accelerated its decline1,069 words
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Page 9 Advertisements
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Advertisement0 1982-10-30 9 .,'_&^.).`{\`()(\*&%|'>}%}%^;=/0 words
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2007 1982-10-30 10 BID and offer prices officially listed and business in and reported to the Stock Exchange oI Singapore yesterday, with the number at shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acma (i385)(9)2.56 Allied2,007 words
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Article95 1982-10-30 10 mcMMR» ia IX "SSTi) ntankpPM LB LH Oct Nov S*pcr> Prof Fmd tM LB n s-ponhciM lit i-« rpop»r<(uai) ts ui rpnMIM LB LB m LB ta S*part Epatt? r—a LM IM mOMCK BOND DMT 1) '""'ill HW& 1J< IWMM i a ir r ESSgtL- 3 i:S K&95 words
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Article2961 1982-10-30 10 1982 Last DW Dhr YTd P/B Vol Day Hi«k Low Coai pan y Sal* +or- CTrr COOO) High Law 8ECTION ONE INDUSTRIAL COMMERCIAL 350 247 Acma 258 -2 21.7 03 8.4 243 9 258 258 Alcorn 115 3.7 03 33 963 233 132 Allied Choc 183 -22,961 words
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Article1836 1982-10-30 10 BID and after prices o<fcMy lilted and hnrtnti la and reported tO the I -limpttr Stock Exchange yesterday, with the number at diarei traded ahown in brackets in lots of 1,000 units, unless otherwise sperlHed. D4DORBIALB BJsmmM (IMB 2.206) AIM (1J7B) LB (1) IM (4) LIT AMD1,836 words
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Article617 1982-10-30 10 SHAKE pstasa Mi steady la filet Madtag a the jeSSy Brokers biM that mH laaal toveatora mn tattag a hard laak at lhafr psstttoaa hhn metktag tral attrfbatod the aMttty ef the market la resist the dewaturn to akorteeverlag. fl J i i i M I617 words
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Article427 1982-10-30 10 AN improvement in the mood of the market in the afternoon lifted prices slightly higher on the Kuala Lumpur stock market yesterday. Total turnover, however, remained low at 5.02 million units valued at M 514.05 million. This compares with Thursday's 5.49 million units worth $15.02 million.427 words
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COMPANY NEWS
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Corporate Roundup
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Article131 1982-10-30 11 has re- ported lower third quarter net profit and blamed the decline on a US$5O million charge for the cost of withdrawing its high strength tylenol capsules from the Tnarket. Johnson also said withdrawal of the product will affect tylenol sales and overall company earnings in the131 words
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Article189 1982-10-30 11 chairman Walter Fallon said it will be difficult for Kodak earnings this year to match last year's record results, although sales should be higher. The company earned $7-66 a share for 1981 He said in remarks prepared for a meeting of securities analysts that 1983 will be a189 words
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Article107 1982-10-30 11 in reporting a 48.7 per cent (all in third quarter profits, said the sluggish demand for petroleum depressed prices as competition for the reduced market intensified. Its profits fell to $303 million from $589 million in 1961's third quarter as revenues slipped 18.3 per cent to $11.8 billion. Texaco107 words
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Article258 1982-10-30 11 has reported that its net loss narrowed to US$2B.9 million in the third quarter, largely as a result of what analysts described as cost cutting. That compared with a loss of $79.8 million during 1981's third quarter, not counting a onetime gain of $500 million258 words
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Article723 1982-10-30 11 Market Talk... IN SPITE of falling local prime rates and keen competition among banks, two stock broking firms say that Bank holds good prospects for the medium-term investor. Although the performance of the banking industry is expected to be quieter this year, ICB is likely723 words
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Article, Illustration296 1982-10-30 11 SIME Darby Singapore will move to its new head office Sime Darby Centre in early 1984. The building will house the company's regional, administrative, trading, light industrial and warehouse operations. The subsidiaries which will be moved to the new building are Mecomb Singapore, Motion Smith,296 words
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ASIAN STOCKS
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Article420 1982-10-30 11 PRICES IN Sydney yesterday fell in a thin market as investors reacted to the (all in share prices in New York and London, weakness in the gold price and renewed election (ears, brokers said. They reported little overseas interest. The All-Ordinaries index fell 3.9 to 504.7, the420 words
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Article374 1982-10-30 11 HONGKONG STOCKS IN Hongkong yesterday closed weak on speculation that more local property companies may be in trouble due to the continuing softness of the property sector, brokers said. Carrian Investments, which has already announced it (aces liquidity problems, lost 21 cents to close at 95 HK374 words
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Article458 1982-10-30 11 SHARE PRICES IN Tokyo yesterday closed lower in fairly light trading following a sharp overnight setback on Wall Street attributed to a lack of fresh incentive prior to next week's US election, dealers said. The market average fell 32.32 points to 7,259.15 on a relatively light458 words
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Article101 1982-10-30 11 Oriental B 0038 unch oct a# Peeoe Phil Oversew 0.0SB +«J01 Aco)* Mining O.OOU unch Phlle* B 0 1450 unch Anglo Phil »0 0003 Plcop B II! 0 0012 Aon Mining B AUu COO B OJHI unch Pioneer 0JN 19.75 Pod co B ZZ 0.0038 unch unch Bute Petroleum101 words
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Article128 1982-10-30 11 OCT 28 BahU 47Slam Cement Slam City Cement Slam Credit South Asia Fibre Thai Commercial 273 Aofcham Thai Asim rum A^ruUiajaJnv. IX 43 140 (0 84 41 -0 5 41 Bangkok Bank Bank Of Ajrudhaya Ltd Bata Shoe Bern Jucker Charoont Thai Wirt 262 I 3X1 >80 uneh -4128 words
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In Hongkong...
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Article81 1982-10-30 11 said it has called an extraordinary general meeting for Nov 20 to approve the substitution of a one-far-ten bonus share issue for its already announced 12 cent interim cash dividend. It said the share certificates are expected to be despatched on Nov 22 if the proposal is81 words
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Article53 1982-10-30 11 will release its results for the year ended March 31 on Nov 2, a spokesman for the company said. Trafalgar announced on Sep 29 that the results, due to be released in September, were to be delayed until mid-October because of a delay in compiling results from53 words
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Article75 1982-10-30 11 Reuter a wholly owned subsidiary of New World Development Co Ltd, has signed a HKJ6OO million term loan with a syndicate of banks, lead manager BA Asia said. The loan is a four-year credit bearing interest at 0.875 per cent above Hongkong interbank rates, it said,Reuter - 75 words
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Article629 1982-10-30 11 NYT AS EXPECTED, Chrysler has reported a small profit of US$9.4 million, or 3 cents a share, in the third quarter, giving it three consecutive profitable quarters (or the first time since 1977. However, the third largest car maker in the US had an operatingNYT - 629 words
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Page 11 Advertisements
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Advertisement197 1982-10-30 11 LEMBAGA LETRIK NEGARA TANAH MELAYU (THE NATIONAL ELECTRICITY BOARD OF THE STATES Of MALAYA) JMK/TENDER NO. ***** 11 KV DISTRIBUTION SWITCHGEAR (EXTENSIBLE CIRCUIT BREAKER) The National Electricity Board (NEB) invites tenders from Manufacturers or their accredited agents ONLY for the supply of 11 kV Distribution Switchgear (Extensible Circuit Breaker). Tender197 words
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Advertisement134 1982-10-30 11 German machine tools at 4 ■*mr- 7 Singapore, November 9-13,1982 West Germany's leading manufacturers of machine tools and precision tools are exhibiting their products in Singapore: the latest technologies nnm Made j n Germany" quality f' __1H equipment for your specific needs I wor t c j w i c134 words
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678 1982-10-30 12 GENERAL Corporation Bhd (GCB), in the prospectus (or its Msso million 10 per cent convertible unsecured loan stock 1962-1969, has estimated that its group pre-tax profit will not be less than 111.91 million (excluding interest on the loan stock) (or the year ending678 words
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598 1982-10-30 12 NAJEEB JARHOM - By NAJEEB JARHOM ANOTHER Hongkong property investment company, Eda Investments Ltd, is having cash-flow problems. Eda has joined its former asscociate, Carrian Investments Ltd, in enlisting the assistance of a merchant bank to reschedule its loan repayments. Both companies sent out distress signals to598 words
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Article776 1982-10-30 12 LEADING shares extended recent falls early yesterday, following the Confederation of British Industry report that Britain's economic prospects had worsened since its last survey in July, dealers said. At noon, the Financial Times index was down 1.1 points at 592.9. Defeats for the ruling Conservative Party in two776 words
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Article125 1982-10-30 12 AP Reuter THE NEW YORK stock market declined broadly yesterday morning as the selling that set in late on Thursday continued. The Dow Jones average of 30 industrials dropped 6.81 points to 984.18 in the first an hour. Declines outnumbered advances by eight to three among NewAP; Reuter - 125 words
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Article195 1982-10-30 12 TASEK Cemeat BM has informed the Kuala Lumpur Stock Exchange that the purpose of its MJ22 million term loan was to finance the company's conversion programme for its coal firing project. The conversion from fuel oil burning to coal burning has now been completed. THE KLSE has asked195 words
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Chief Price Changes
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Article158 1982-10-30 12 Rises Indices Lies Hoe 466 432 Oct 28 Oct 29 H Leong Credit Metro Hldgs 490 16 TOO +15 15 10 10 BT Indicator: *****7 *****0 S Fliuce C Sugars Nat Iroa 515 1180 715 ST Industrials: ST Finance: 713.88 1665.62 715.40 1671.22 Straits Trading 510 10 ST Hotels:158 words
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Article, Illustration177 1982-10-30 12 SUSTAINED baying interest helped to keep share prices steady at the Steek Exchange ef Singapore yesterday in spite sf a weaker Wail Street. Reflecting this, the Straits Times Industrial Index closed with a 1.52-psint gain at 715.4#, sfter showing a slight 1.17-point drop at noon. The Business Times177 words
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Article51 1982-10-30 12 FINANCIAL TIME8 INDUSTRIALS Thursday 5#4.0 Wednesday 802-6 Week Ago... 822.9 Friday Thursday Week Ago AUSTRALIAN 771.90 803.80 832.68 INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 980.98 Wednesday 1006.35 Week Ago 1036 96 Friday 646.0 Thursday 648.4 Week Ago 658.0 ALL ORDINARIES Friday 504.6 H.K.HANG SENG Thursday Week Ago 508.651 words
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200 1982-10-30 12 THE wpuMiM la Mli| sf ■tens la Jacks lateraatteaal Ltd wtll renato aattl lis the aateaaM ir|itlittfi to sell Ms stake. Last lharaday, Jacks requested the Stock Exchaage sf Stagaperc to lift toe m»pewtos, imp»«rd Ike d*> before foUawtag aa a—s—ce meat sa toe200 words
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Article115 1982-10-30 12 Reuter A SIX-MONTH, HKslSt.t HeaSy Aprtl al isaths A spsfcf mss for Mssafst torers Has— Trmst Ca, a lead —asgar M the leaa, ■aid later eat the leaa remalaa at lit per eeat aver ratea, bat decMaed to give the term sf the rrtraslea Aa AsseclatedReuter - 115 words
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Article, Illustration676 1982-10-30 12 SIOW LI SEN - mmu Companies Editor: Mano Sabnani By SIOW LI SEN ANA HOTELS Singapore Ltd, taking advantage of the current buoyant securities market, is making a public issue of 12 million shares at $1.30 per share. The owner of the 462room Hotel Century Park676 words
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Page 12 Advertisements
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Advertisement183 1982-10-30 12 Wj VA W r A /> f 'liL r i ft ant to Jil s r ■A /V \J ft I B J V c.- Ms j t (7 r (,f Authorised Dealers ANG GIFT STORE 2-32. 2nd Floor. Lucky Ptaza ASIA WATCH CENTRE G 16 Katong Shopping Ontre CHEW183 words
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Page 12 Miscellaneous
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Miscellaneous62 1982-10-30 12 OUTLOOK for today: Partly cloudy in the morning; showers in several areas in the afternoon. Report for 24 boars prior to U pm on Oct 29 at the airport: Maximum temperature 32.8 Associated humidity 58 Minimum temperature 24.0 Associated humidity 92 Hours of sunshine 8.75 Rainfall in millimetres 1.2 Total62 words
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