The Business Times, 6 November 1982

Microfilm: NL13612
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, NOVEMBER I, II« 60 CENTS
    11 words
  • Article
    US dollar hits highs against major currencies
    430 1  -  By BERNADETTE CHOOI THE US dollar soared to its highest level against the West German mark for more than six years yesterday, while new records were set against other major currencies. In the Singapore market yesterday, trading was thin with many foreign exchange
    430 words
  • Article
    Member lor Securities Industry Council
    118 1 MR KOH BENG SENG, the new manager of the hnnlrlng and Hnonrtnl institutions department of the Monetary Authority of Singapore, has been appointed a member of the Securities Industry Council. Mr Koh replaces Mr Heng Chiang Meng, the former head of the haniHng department of
    118 words
  • Article
    American Gatt move may benefit Singapore
    461 1  -  By SOH TIANG KENG SINGAPORE stands to benefit eventually from the latest US proposal to add another 4,000 items to the list of goods receiving preferential treatment. The proposal will be presented at the Geneva meeting of the General Agreement on Tariffs and Trade
    461 words
  • Article
    Economic ministers of Asean to meet next week
    145 1 THE 14th Asean EconomicMinisters' Meeting begins on Thursday at the Hyatt Hotel with another round of discussions relating to the Asean Preferential Trading Arrangement (PTA). Tariff concessions on textiles, chemicals, cement, rubber and rubber products are among the topics that wffl be
    145 words
  • Article
    Better prospects for EEC to reach textile accord
    463 1 PROSPECTS are bright for agreement between the European Economic Community and four Asean suppliers in the third round of textile talks beginning in 10 days. The optlmislm Is band on what is seen m a small but perhaps significant change in the
    463 words
  • Article
    Lock icon KLCE to trade in rubber futures
    165 1 AFP FUTURES trading in robber will be introduced in the Kuala Lumpur Commodities Exchange (KLCE) in the near future. The Malaysian Minister of Primary Industries, Datuk Paul Leong, announced this in Kuala Lumpur yesterday. He did not indicate when the trading would start, but
    AFP  -  165 words
  • BRIEFLY...
    • Article
      Lock icon US unemployment up
      63 1 Reuter WASHINGTON, Frl. The US unemployment rate moved up to 10.4 per cent last month with 11.55 million Americans out of jobs, the Labour Department said today. The October rate was up threetenths of a point on September. The rise in joblessness is being widely blamed for
      Reuter  -  63 words
    • Article
      Lock icon High speed train
      80 1 UPI A TRAIN that can travel at speeds of up to 500 kilometres per hour in the air came a step closer to reality yesterday when engineers of the Japanese national railway successfuly test-ran a threecoach linear car over an experimental track in southern Japan. Project manager
      UPI  -  80 words
    • Article
      Lock icon Call for tax cut
      67 1 Reuter TOSHIO Komoto, Director-general of the Economic Planning Agency, has called for a substantial cut in Japanese income tax to boost the country's economy. He said during his campaign for the presidency of the ruling Liberal Democratic Party that Income tax rates have not been changed
      Reuter  -  67 words
    • Article
      Lock icon Chinese preference
      66 1 Reuter CHINA appears to favour a combination of Anglo/French technology for the proposed new nuclear power plant in south China for the supply of energy to Hongkong. Lord Nelson, chairman of Gener- al Electric Company PLC, said in Beijing after talks with the Chinese that a plant built
      Reuter  -  66 words
    • Article
      Lock icon Disneyland blues
      75 1 Reuter WALT Disney Productions said yesterday its profits fell by 25 per cent in the company's fourth quarter and by 18 per cent for the year because of the box-office failure of several films. The company, built by its founder largely on the success of his "Mickey Mouse"
      Reuter  -  75 words
    • Article
      Lock icon Airbus to take action
      72 1 AFP EUROPE'S Airbus Industrie aircraft consortium has indicated that it will fight the Thai Airways International's decision to cancel its US$ll6 million order for two airbus A3OO 84-600S, a senior official at Thailand's national carrier said yesterday. "We have been made aware that Airbus is not
      AFP  -  72 words
    • Article
      Lock icon Banking rule shelved
      69 1 AFP A CONTROVERSIAL South Korean government plan to enforce a new banking rule requiring all depositors to reveal their identity as from January 1, 1963 will be shelved for at least three years. The government announced the plan four months ago in a move aimed at closing
      AFP  -  69 words
  • Article
    Lock icon Low bids for Hongkong site rejected
    186 1 Reuter THE Bengheng |iimsnl received fer a IMM sq metre rile In central Hangit has MM net Is awari It «4 art HilKj the Mi. ler r the Hi'lt berderlag Bengheng tohiil eaatral tahw AsMet, reined thai a pa*. be hall. Two af tha
    Reuter  -  186 words
  • Article
    Market index gains 25 points in bullish week
    497 1  -  By CHAN OI CHEE THE crowds were back at the viewing galleries of the Singapore stock ex* change and broking houses this week as the buying enthusiasm took on a bubbly dimension. As a result, the stock market was the stamping ground
    497 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      217 1 times mmz AMERICAN business plans to cut capital Co said Page l THE Soviet Union has furtively plugged its computers into US systems as part of a vast and successful campaign to steal the West's technological secrets Page I THE Vocational and Industrial Training Board will consider training printers to
      217 words
    • Advertisement
      Page 1 Advertisements Column 2
      80 1 \|$$?>^@%=,?);)[.{=';*~\;\{>`*} JZdbtiAt Where others are left far behind. Tit lei st can justly av claim t< > be the No 1 (jolf hall on professional circuits Look at these statistics '981 NCAA Golf Championship Official Ball Count Titieist 1641 Nearest rival 198' Men's T.mii'Official Ball Count T (-1107). Nearest rival
      80 words
    • Advertisement
      Page 1 Advertisements Column 3
      57 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore ■Buku Merah) friendship For Christmas! This imported leather Cutty Sark Key-chain is free with every purchase. While Stocks last. Cutty Sark Scots Whisky Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347
      57 words
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  • OVERSEAS
    • Article
      Lock icon US businesses plan cut in '83 capital spending
      632 2 Reuter AMERICAN business plans to cut capital spending by 2.1 per cent in 1983 to about *1 U*****.85 billion, McGraw--Hill Publications Co said. Its annual survey said respondents also expect a 7 per cent increase in capital -foods prices. If both projecI.tions
      Reuter  -  632 words
    • Article
      Lock icon Beijing reports budget surplus
      165 2 AP CHINA'S economy is improving and the nine-month budget surplus is 2.44 billion yuan because of a bumper harvest and increased industrial production. The State Economic Com"mission reported on Thursday that total output of early rice and summer grains reached 121.6 million tonnes, an increase of
      AP  -  165 words
    • Article
      SHIPS IN PORT
      390 2 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Equator HI Kota Berlian KotaPusaka Melshan Slnaloa Unicon I Qerbera New Phoenix Asian Clipper Botany Trust Builder DaTong Feng Zhan Oolden Eagle Kim Soon Li Kota Raja Ned Loire Straits Star Sune S 22 8/9 10/11 18
      390 words
    • WORLD IN BRIEF
      • Article
        Lock icon WORKSHOP IN CHINA
        288 2 Agencies DAIMLER Benz AG ha* opened a vehicle workshop and spare parts depot in China, which it hopes will lead to more cooperation In the vehicles sector. A Daimler spokesman said the workshop, huflt in cooperation with the Chinese import organisation Macbimpex, will improve service facilities (Or
        Agencies  -  288 words
    • Article
      Lock icon Record American quarterly trade deficit
      262 2 AP THE foreign trade deficit of the United States soared to US$l3.l billion In the JulySeptember quarter, the greatest quarterly trade deficit ever. The Department of Commerce reported that the deficit for the third quarter of the year is more than double the deficit of
      AP  -  262 words
    • Article
      Archbishop ready to meet Jaruzelski
      104 2 POLISH Archbishop Josef Glemp has said he is ready to talk with martial law chief General Wojciecb Jaruzelski and that the meeting could take place before Nov 10, the date the Solidarity underground has set for nationwide strikes and protests. The Roman Catholic primate, returning
      104 words
    • Article
      Lock icon Democrats hopeful of regaining presidency
      453 2 Reuter DEMOCRATS, fresh from their victories this week over President Reagan's Republicans, said their chances of recapturing the White House in ISM have improved Immensely. "The momentum is ours," Democratic national chairman Charles Man* 11 said on Thursday. "I think our chsanes of taking back
      Reuter  -  453 words
    • Article
      Lock icon Price war likely in German video recorder market
      414 2 Reuter THE West German video recorder market may witness a fierce price war tn the runup to Christmns as the p—l from cheaper Japanese imports continues. The competition from Japanese recorders has entered a more severe phase with last week's decision by
      Reuter  -  414 words
    • Article
      Lock icon SOVIETS PLUGGED INTO U.S. COMPUTER SYSTEMS
      123 2 UPI THE Savlet Uatea has fartlvetyalagged Mi .■■palm tarts uB systeas as part sf a Is steal Iks Vast's teeSstegAa article sa a OA rspsrt afcißed al Westers miliary aad gMQG pr«H«. N aSLmtal'Sr wtSk IwlSS as**?, was M la April hy tEs CIA
      UPI  -  123 words
    • MONEY AND EXCHANGE$
      • Article
        PLR
        22 2 THE average rate at which major Singapore bank* are currently prepared to lead to their beet customers is 9.77 per ceat.
        22 words
      • Article
        ASIAN $
        130 2 ASIAN ASIAN currency deposit Interbank rates as at close on Not 5: arir 7 days 9* 1 month 9% •H 2 months iin« •/16 S months 9 13/18 11/10 6 months t 13/16 12/16 1—mi 101/16 15/18 12 months 10H 10* D—. IwJw. 1 month 7 212/16 3 months 7
        130 words
      • Article
        Discount
        44 2 RANGE of priow tifflwd by di»count bouan i OB Nov 5 Overnight CnU dcfM Mi: 3M -IV* CM* 3-month Trmauryb UU 39/16 31/16 5-month Bank bUU 7* 7H 3 month* CD 6« 8H 6 month* CD 7 3/16 71/16 Source: National Discount Co
        44 words
      • Article
        Singapore market
        458 2 UNDERLYING confidence in the US dollar remained intact and the currency held markedly steady against major currencies on the local foreign exchange yesterday. There was, however, some evidence of caution and apprehension of a cut in the US discount rate as traders withheld from taking new positions. Volumes
        458 words
      • Article
        Hongkong
        94 2 THE US dollar in Hongkong yesterday ruled narrowly mixed against otter major currencies in <juiet, late trading, dealers sakl. Continuing uncertainty over the US interest rate movements subdued business, they added. The dollar edged up to *****/07 marts from an early 2.5695/5702 but was still below New York's 2JS730/35
        94 words
      • Article
        Treasury bills
        46 2 RESULTS at tender held yesterday far 91-day Treasury bills to be issued (ram Nov 8 to Nov 12: OClerad: $140,000,000 Appßed tar: *190,270,000 Allotted: $140,000,000. Accepted IMs: $99 21 approximately 72 per cent; higher bids in full. ea alMant: 3.156 per cent per annum.
        46 words
      • Article
        London
        48 2 Opening quotes yesterday: US 1.M7S/» CuLM/C Ooai 1J&5/1I DMkUM/« DFI 4.ITU/51 SFrl7M/M B Pr com 8115/» F FY 12 L158 T7* Lit HH10 MH10 YM .«7 4C.51 D Kr 15.M5/M N Kr 121MB 'MS S Kr U.M/MB Km wet- ».«/11 Port 151 Tt 153.47 Spain 19T M/S
        48 words
      • Article
        Gold
        268 2 GOLD FUTURES in Singapore yesterday dosed generally easier in light trading reflecting weaker overseas gold markets, dealers said. Total sales for the day was recorded at 110 lots while kerb volume at 218 lots. Prompt closed softer at U*****50/425.00 an ounce against 426/427 in New York overtnight, December at
        268 words
      • Article
        Tokyo
        138 2 THE DOLLAR for overnight delivery in Tokyo yesterday closed slightly firmer at 277.20 yen in quiet and featureless trading after opening at 277.00 yen. This was above the 276.90/277.00 overnight New York close but below the 277.25 finish in Tokyo on Thursday. Trading volume was a light $1.06 billion.
        138 words
    • Article
      Lock icon Britain reaffirms commitment to HK's future
      213 2 Reuter THE British government has re-affirmed its commitment to a stable and prosperous future for Hongkong. Meetings in Beijing to follow up on Prime Minister Margaret Thatcher's visit there in September have already begun, Foreign Secretary Francis Pym told parliament on Thursday. "Our target
      Reuter  -  213 words
    • Article
      Lock icon FBI claims to have immobilised drug ring
      175 2 AP THE US government has claimed an arrest sweep has "immobilised" an organised-crime drug ring that was imparting 25 kg of heroin weekly from Southeast Asia. William Webster, director of Federal Bureau of Investigation (FBI), said on Thursday agents arrested 13 suspects in
      AP  -  175 words
    • Article
      Lock icon Action against French import measures
      149 2 Reuter THE European Commission has agreed to open legal proceedings against France for alleged breach of free trading rules. officials said the action, which could lead to France being taken to the European Court of Justice, was directed at two French measures designed to stem
      Reuter  -  149 words
    • Article
      Lock icon West Bank settlement
      137 2 AP THE US has the reported decision of Israel to move ahead with new settlements in the occupied West Bank. It also publicly questioned the willingness of the Jewish state to live up to its obligations under United Nations resolutions. "The United States regards this latest announcement
      AP  -  137 words
  • Page 2 Advertisements
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  • Article
    MEMO PAD
    966 3 BERONABB AND COURSES 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, NPB Oct 18-Dec 27 (Mondays and Thursdays): Computer Programing and File Processing, Cuppage Centre, NPB Oct 22-March 4
    966 words
  • TRADE AND INDUSTRY
    • Article
      How MRT tendering should be carried out
      328 3 TENDERING (or the construction of mass rapid transit system in Singapore should be done on the competitive-negotiated basis. This recommendation was made by Mr Farok Majeed, vice-president of the Singapore Institute of Surveyors and Valuers (SISV) and chairman of the institute's quantity surveying
      328 words
    • Article
      Printers may get VITB help to upgrade skills
      580 3  -  By KOH TSE YING THE Vocational and Industrial Training Board (VTTB) will consider training printers to help upgrade their skills. Dr Tay Eng Soon, Minister of State for Education and chairman of the VTTB, said this In responae to a suggestion from
      580 words
    • Article, Illustration
      TRADE TALK
      167 3 A MULTI-purpose passenger and material elevator which can contribute towards greater efficiency in the building construction and maintenance industry will be demonstrated at Kajima Corporation's Parkway project site today. Manufactured by Mutsui Miike Machinery Engineering Co of Japan under licence from PIAT of Italy, the hoist is suited
      167 words
    • Article
      HDB investing in more computer drafting systems
      307 3 THE Housing and Development Board will spend a few million dollars in the next 12 months on computer drafting systems to cope with the increase in workload arising from its accelerated bousing programme. "We installed our first system, which cost $1.3 million, in
      307 words
    • Article
      Preventive health care service for executives
      261 3 EXECUTIVES in Singapore can now enjoy a preventive health care service equal to that enjoyed by their counterparts in New York, London and Frankfurt. The first executive health care service, dedicated entirely to the prevention of sickness and the promotion of health, will start
      261 words
    • Article
      Conditions good for Norwegian-Swedish bank in Singapore
      392 3 CONDITIONS for operating a Norwegian-Swedish bank In Singapore are very favourable, said Prince Berti] of Sweden at the official opening of the new merchant bank PK Christiania Bank (South-east Asia) yesterday. Hie prince, who arrived here after leading a trade delegation to Bangkok,
      392 words
    • Article
      URA buys $100,000 of microcomputers
      287 3 THE Urban Redevelopment Authority has bought microcomputers worth $100,000 to improve the efficiency in its various divisions. The computers, eight Commodore 8032 and five Fujitsu MkxoS units, were distributed to 14 of the authority's divisions and sections including the car park, administration, land acquisition, property
      287 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      265 3 4-DAY AUCTION SALE B.H.P. ON THE SITE AT PORT KEMBLA WORKS NORTH BATE ENTRANCE SPRING HILL RD., WOLLONGONG N.S.W. AUSTRALIA comsteel UNDER INSTRUCTION FROM AUSTRALIAN IRON STEEL (Principal subsidiary of HHP) JOHN LYSAGHT AUSTRALIA COMMONWEALTH STEEL DUE TO THE CURRENT DOWNTURN WITHIN THE INOUSTRY SALE TO BE CONDUCTED ON 23rd,
      265 words
    • Advertisement
      Page 3 Advertisements Column 2
      123 3 q i >- German machine tools at TTRTiTh Singapore, November 9-13,1982 West Germany's leading manufacturers of machine tools and precision tools are exhibiting their products in Singapore: Hi the latest technologies „Made in Germany" quality equipment for your specific needs worldwide experience outstanding service West German exhibitors are waiting to
      123 words
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  • JUBILEE YEAR FOR THE SOVIET UNION
    • Article, Illustration
      Progress made by the Soviet people
      759 4 Message by Mr Fedor Potapenko, Ambassador Extraordinary and Plenipotentiary of the USSR in the Republic of Singapore NOVEMBER the 7th is the National Day of the USSR. Sixty-five years ago in October 1917, the first socialist state in the history of mankind was founded.
      759 words
    • Article
      Complex of 53 regional economic entities
      398 4 BIXTY yean ap, mm Dee M, lIIt, the Pint AU-Ualea Ceagress sf Sevlets prerlshanl tke fwntln mt the Ualea «f Sevtet SeeUUet Repahßee (USSR). Ite USSR U4»y to M lategrated msttlsstlsssl Beeteltot state eemprtotag U ■■«I—l rtitn eattttee: IS Ualea BepaMtee, Aateaemeas Bepahfies, eight
      398 words
    • Article, Illustration
      Plans to raise offshore oil and gas production
      491 4 THE Soviet Union plans to intensify its energy development In the Eighties. A special 10-year programme for off-shore oil and gas production has been developed in the country. According to geological forecasts, about 70 per cent of the continental shelf is highly
      491 words
    • Article
      Trans-Siberian air bridge a short-cut to Europe
      434 4 WITH prices of aviation fuel rising and the world community giving more attention to the safety of air transportation, the merits of the Trans-Siberian route as a short-cut from Japan to Western European countries will become more evident with the passage of time.
      434 words
    • Article
      Volume of fish food to be raised by 10 to 12pc
      394 5  -  By YURI AFONIN AFONIN, Deputy Chairman Mariaaco Pta Ltd TODAY, fish accounts (or one-fourth of the USSR's meat and fish balance, and its share continues to rise. As compared with 1960, the per capita consumption of fish products in
      394 words
    • Article
      SOVIET NATIONAL DAY
      156 5 One of the Important functions of Sovrybflot is to take part in the organisation and operation of Joint fishing ventures and expeditions on the basis of mutual benefit. Several years ago, a Joint venture between American fishermen and Sovrybflot "Marine Resources" was formed in the economic zone
      156 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      28 4 Revolution from KeppefJßiipviitjl Limited OFFICE ADDRESS: 325, Telok Blangah Road, Singapore 0409. POSTAL ADDRESS: Maxwell Rdad P.O. Box 2169, Singapore 9041. Cable: "KEPPELDOK" Telex: RS ***** Tel: *****66
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      Page 4 Advertisements Column 2
      93 4 ADVERTISEMENT Til if if if if if if if if if iFIFIFIFFFm fc>V* 44 iii\ iitV/iiV/m vrAvivi Congratulations to the Government People of the USSR on their 65 th Anniversary of the Great October Socialist Revolution from THOMAS SHIP CHANDLER &C 0 68 Fraaer Street, Singapore 0718. Cabla: "THOMASTRAD" Singapore
      93 words
    • Advertisement
      Page 4 Advertisements Column 3
      73 4 Government and People of the U.S.S.R. on the occasion of the 65th anniversary of the great October socialist revolution. MNB MOSCOW NARODNY BANK LIMITED Established in London in 1111 Total Assets exceed £1560 mfllion 5 Head Office: P.O. Box No. 26, 24/32 King William Street, London, EC4P, 4JS Singapore Branch:
      73 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      178 5 m i J >r JSiLk^fe 'g> p. U iv* te^TX SR y. *<y >* v 'r fflj ffevS, JR w •Ss J mm m w iliCAl SOCIALIST t kevouhion f *^§eSi«P from: DATUK SRI NG QUEE LAM 8.8.M.. S.F.M.J. S.B.ST.J,. F.i.B.A. AND SOUTH UNION CO. (PTE) LTD. 4th FLOOR 4A
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      Page 5 Advertisements Column 2
      100 5 ADVERTISEMENT FLY AEROI, THE FAST Kr! V V\\ 13 reach 10 nave time the itate rich travel agent V U KST A Flo Ma ket St re nso nPi OMICAL WAY TO EUROPE. flights weekly from Singapore to Europe on Sand Fridays via Moscow. It takes you less than ow
      100 words
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      Page 5 Advertisements Column 3
      54 5 )th m to the Government and c Tbpleoftb e c U.6.6. c Ji. on the occasion of the 65 Great October (Socialist Jfeodutm t MAttISSCO MARISSCO (PTE) LIMITED 5 Jalan Tepong, Jurong Town, Singapore 2261 Tel: *****11 (8 Lines) Telex: RS ***** MARISCO Cable: MARISCO SINGAPORE Processors and International Distributors
      54 words
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  • Article
    Unfinished business
    445 6 THE THEFT of information from computers appears to be one of the few industries showing spectacular growth despite the recession. The latest evidence comes in an American magazine, which claims that a report by the Central Intelligence Agency, not officially published, describes Soviet tapping of Western technology as
    445 words
  • Article, Illustration
    Lock icon Reeling RR remains optimistic
    681 6  -  Spokesman: Purchases have only been deferred By BETTE O'CONNOR Reuter THE ultimate status symbol of the rich, the RollsRoyce car, has been hit by a fall-off in ssles due to the world economic recession. Rolls-Royce, Britain's luxury carmaker, had expected worldwide sales this year to be
    Reuter  -  681 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      382 6 <1 AVAILABLE It escalated in late 1978 with a rusty freighter called the Hai Hong. It continued by chartered ship and by stolen boat and by foot across dangerous seas and dangerous i It became one of the modern world's most tragic and difficult social problems one that still afflicts
      382 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1331 6 TV SINGAPORE 5 12J5PM Opening Mhwad by Sasame Street: The educational series for children, this week, teaches the letters I and W and the number 12. 155 SaMqf MMlnee A Matter of UN and Death 3.35 Werid C* Swear 12 Be*um vs Hw«*y 4.25 bWay Movie Ach, Yanf Benar U5
      1,331 words
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  • Article, Illustration
    Lock icon US to spend more on military space operations research
    2750 7  -  HM minHrSira Part 1 Richard Halloran kicks off a special three-part series Richard Halloran NYT AFTER 25 years of mostly peaceful exploration of space, the United States has begun a vast expansion of its military operations there. In the next five
    NYT; Panaphoto  -  2,750 words
  • Article, Illustration
    Lock icon Rediscovering Michelangelo
    889 7  -  Sr MILES SCHUMAN UPI A GREYING man high on a scaffold in the Sistine Chapel carefully runs his hand over a figure painted mere than 450 years ago b/Michelangelo. With complete confidence he takes a cloth and begins to wipe the ashen surface of a fresco, following Michelangelo's
    UPI  -  889 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      181 8 Where to wine, dine and entertain (SiAAiig with the American Express* Card If you don't already have the Card, call *****33 for an (yptcation form" ■*V AM m +,lf* i&l just to name a few. Take your pick, it's great food, going for a song? Come from 12 noon to
      181 words
    • Advertisement
      Page 8 Advertisements Column 2
      152 8 Am bor sushi. bor teppaniaki. bor other outfit*)iticalh Japanese deliahts. (<*i il 111*> I S| u T.'ih II i 11; n F TtUFT NUTMEGS offers 10.30 am. 3 p.m. $21 per person Please co* *****88 ext 663 tor reservations HYATT PEGtNCVOSJNGAPOPf is i f U F 3* r-;' your vary
      152 words
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      Page 8 Advertisements Column 3
      99 8 I ho porkot on J to a rom.mtio iiri\ o Jcraperßial Ji-r i n LT *< S3 ft -i j r W Reservations I c>l: *****83 Sca^Jood-ffheatrc Iho IVosidont I .online Where ilr' music's li\e. .11 hI (lit' s|)iriis" <%>> l> Ml s|»| I s I'KI -II M I I'
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    • Advertisement
      Page 8 Advertisements Column 4
      123 8 Jazz up your favourite drink with the Louis Tan Three-G 21 3 v V I I i S 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. A great place to be* I
      123 words
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      Page 8 Advertisements Column 5
      91 8 Keep up your Spirits Motoric Bur 'i wfth »VB your day's succass. rillMM** •Noco^ch^.. lw 9 R oedL®Wow(»B.Tel:7S7»lll (»NnM) Ths most relaxing way to reflect on your day's succass. J t 1 i. m QPafming garuetf restaurant celebrates its 2nd Anniversary And as part of our celebrations, guests will be
      91 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      745 9 COFFEE: Robusta coffee futures ended a quiet morning slightly steadier, between £5 and £1 a tonne above Thursday's close in traded positions. Underlying sentiment remains steady but there is little news to sustain upward momentum. Volume yesterday morning totalled 633 lots, including two options and 92 self trades.
      745 words
    • Article
      PALM OIL
      142 9 The Malaysian crude palm oil market yesterday closed firmer in moderate trading, on covering support following strong Chicago prices, dealers said. In Nov, central rose Mslo to M 5675 a tonne and south Mss to Ms6Bo while Dec saw central up M 58.50 at M 5696 and south
      142 words
    • Article
      Produce exchange
      172 9 CHINESE Pniwe Exekuge, per 1M kg yesterday. Cmmil ail: Bulk fob 185.00 sellers, old drum (In second hand drum) fob 198.00 sellers, new drum fob $102.00 sellers. Capra: Mixed (loose) $45 buyers. Pepper: Muntok white pepper fob Asta NLW $325.00 sellers, Sarawak white pepper 'aq fob NLW $320.00
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    • Article
      TEXTILES
      142 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CiWm yara: China Blue Phoenix 20s 2,390; 32s 3,080, 40s 3,125 (per bale of 400 lbs). Pafctstsa raw mtks: LSS 6.07, 4F 6.06; 289F 6.12; NT roller ginned 6.05 (per lb). CLOTH in
      142 words
    • Article
      RICE
      321 9 9NGAPOBE: Yesterday's closing prices In S| per kilo, ex-godkma: THAI WHITE: 100 per cent first class (Kangaroo) new crop LOO, 100 per cent second class 0.78, 100 per cent third class 0.73, 25 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.10, Special 0.57.
      321 words
    • Article
      RUBBER
      312 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with November One RSS buyers quoted at 191.00 cents per kilo, up 1.50 cents from Thursday's close, dealers said. Morning prices were marked up slightly on higher overseas advices, forward demand and buying support, they said. Afternoon prices gained further ground
      312 words
    • Article
      Straits Tin
      58 9 THE STRAITS TIN prlee b Peaug yesterday held steady at the IT A fleer level ef MfSlll. Dealers rspsrted continoed major support treat the buffer stock manager aad the market was aided by small demaad from Japanese aad local laterals. Turnover fell te ISI tonnes from tit on
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    • Article
      CLOSING PRICES
      32 9 Rubber: Nov S Singapore: Nov: 191.00 cents (op 1.60 cents) Malaysia: Nov: 203.50 cents (up 4.26 cents) Tin: M 529.15 per kilo (unchanged) Offleal offering: 151 tonnes (down 01 tonnes)
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    • Article
      RAS PRICES
      311 9 RAS prtCM In emu par kilo rattantor (per kilo) Ckm (pfrk Be) tot 1 RSS prompt L*. toL 1R S8 Mm—ba tot 1 R-S-S- Dr—bar toiui UK/Goat toL 1 R-S-S UK/Coat tot. 4 R-S-S. UK/Goat. toL 9 R-S-S UK/Coat b. 1M.00 tan UU5 173J0 172J0 MOJO IMJI ma
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    • Article
      SSR and SMR
      92 9 NOON am mi not prt— A«j Ul Winrtii Ill S8RM (1-Ma HM 160 00 *****N jmn 60 JO N^WS) 161MN S8R 60 pdbt) 1S7M 1M 60M imm 1MMN SMR CV f 1MJ* 1MMN Dm* MM 167 MN SMK L -AM paltat imjo immk MM 197 MN SMR
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    • Article
      An improved turnover for rubber market
      330 9 THE SQUEEZE on current One RSS in Stag»pore dominated the week, taking the price up seven cents to a high of 194 cents (S) and the premium to BVi cents before profit-taking and freer offers reduced the gain. Turnover was improved, says Boil* rubber
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    • Article
      SOYBEAN
      102 9 SOYBEAN futures in Chicago on Thursday closed at or near day's highs, up 10V« to six US-cent» a bushel, on rommjesfci house buying in the first three positions. Traders dted computer fund buying by wire houses as the tmiwah factor. Meal trade in Europe was fairly active at sharply
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    • Article
      WHEAT
      128 9 WHEAT futures in Chicago on Thursday closed IV4 to 4 V* US-cents a bushel higher along with corn and the soy complex. Traders said the recent uptrend due to anticipation of increased tender business was overdone, leading to initially lower valuea. Corn futures closed at or near day's highs,
      128 words
  • INTERNATIONAL STOCKS
    • Article
      Paris
      192 9 NOVO* r™ GROUP B CORBE1LLE Alr-Uqulde MOJO ♦1 Carrefour Financier* da L "Union 1388 44 3S4J0 744 131 JO 48 +38 -1 9J +8 1 1 Danone C8F (TbomaonC*f)_ MM 140 35 iU Lafarn Moet-Henn«i. Opfl-Partbaa Cit ntoealM das Pttrotos 10SJO -0 2 Rad lotec hn tque 330 +8.
      192 words
    • Article
      Zurich
      191 9 NOVO* Actions Sulsses Francs 256 2* Reg. Sulier Pc 15T5 B0 16 1 AJimif■ Br AliisiiHy Raj Brown Borer) Br. Cite (Mp Br. 513 1M 1010 MOO 13 0 25 +10 Sulaer Raf. Swiss Bank Br Swiss Bank Corp 1190 310 222 20 2 +2 Ctta Oetfy PC Clba
      191 words
    • Article
      Frankfurt
      86 9 NOV 04 DOI Hoechst Hooch ***** 30 JO 4-1J 0J AejpTelefunken 3030 ***** 4-03 0J H Often Karstadt lyiea 1«SJ0 4-3 -1J Bliw ***** ***** uneta 4-1 KHD Linda 193J0 314.00 411 4-3 -0J 1 4-11 4-13 4-1.4 ♦1 4-U 13 CoauMrtttiU Cootl Oumml DUmlrr-Beru Dtfum DM»M DeuUche Bank
      86 words
    • Article
      Milan
      79 9 NOV M Lin Mediobanca Bajtofl 75 6.75 M llano AaaOrd Bel Mondadorl Prt» 3380 «0 Central* Ortf ZZ 2300 +Ji Montedison 106J0 Cond Aequa Roma Erldanla Olivetti Ord 3070 unch Pirelli And C *06 36 rial OrtJ 1140 Pirelli Bp* ISM 6 Otntnll aim ZZ Rlnaacente Ord mjao 73
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    • Article
      Amsterdam
      178 9 NOVM ABN Pla T77 00 73 Into MulWr Kbb KLM 1030 1730 ***** 9430 3030 ***** 1JL00 ***** ***** 31.70 ♦0.1 ♦0l7 ♦7 03 03 03 13 43 ♦03 Oil AIMM Akao AMKV Amfu Amrotak 22TP" lllllll ititi 1.1 03 2.1 S 1.0 National Nad Nedlloyd Nmb Oce Orlnten
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    • Article
      JO'BURG
      263 9 NOVO* Rand INDUSTRIALS a Alpha M unci) Abercom 300 unch AE And CI 330 MOO unch li unch ssr* Barlow* CO Smith vs lOB 8 25 rtiA Currte Finance De Been Ind 300 380 unch unch Edcon Idnn PedVolk mm rm unch ru«it OrtUon H Iraki Lib Holds TOO
      263 words
    • Article
      Brussels
      88 9 NOV 04 FT* FORWARD MARKET A<*C 990 -1 Artwd 11M -11 Aitur J06 B rue an Me 4-4 Cmnpac 1510 +03 Cock 70 -J De Barn *71 +1 rv IMM Eicctrobcl 4040 ao Ob-Inno-Bm M0 30 Or* mo 10 Or Bru Lamb 1400 unch Hobo* 3670 Pctro 4030 30
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    • Article
      Volume at all-time high
      932 9 NEW YORK THE NEW YORK STOCK market volume exploded to an all time high but prices closed mixed as a wave of profit taking hit the blue chip issues on Thursday. Volume soared to a record of about 150 million shares, topping the previous high of
      932 words
    • Article
      TORONTO
      178 9 NOVO* CS AblllM n* Alean B*» 1 Alfoma an 1H Bank Mont H Bank Nova Scotia 31* unch B«U T«l »H BP Can Lid Mk .n Camp Red Lake Can Imp Bk TIM Can Pnn Mf Canpar M Carllna OKNft IOH Cmbl M Lk a* Cn BUirt CI A
      178 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      6 9 See Page 11 for Asian stocks
      6 words
    • Advertisement
      Page 9 Advertisements Column 2
      246 9 A comprehensive, lively and practical business service on two of die world's fastest-growing and exciting markets THE ASIA PACIFIC 1962 Conflict, recession and contrast: A year of mixed fortunes ASEAN: Towards closer economic co-operation Japan's continuing challenge Hong Kong: A financial centre to rival London? The Drift from India's villages
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2673 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 A COMMERCIAL Aom (2.715)
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  • Article
    Unit trusts
    161 10 HNGAPOBI UNIT TOT TheCommerce LB The Saving) Fund LB S pare Prof Fud IB S par* Ik. tad LB S'pare lave* Fund LB S'pare Equity tad LB IB LB LB LB LB LB JkMA UMTTMm (Hl«(Mi'|rtMkrNi Mai lowest Fund LB Mil Prog tad 1JI Mai Security rund LB
    161 words
  • Article
    SHARE INFORMATION SERVICE
    3034 10 Gr*s Gr*a Net IMS Last Dhr DW TTd P/B Val Day Hlgk Low Co"p«*y Sal* +or- Cn (*000) Hlgk Law SECTION ONE INDUSTRIAL COMMERCIAL 350 247 Ac ma 272 4-13 21.7 03 73 28.4 29 274 270 Alcom 115 15 12 963 233 132 Allied Choc 190
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  • Article
    In Kuala Lumpur
    1804 10 BID and offer prices officially lifted and twine— in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots at 1,000 units, unless otherwise specified. IHIIUWUU Am» (1TB) AJteaaate (1MB) Akmm (LSTB UK) (B) LM LS A
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  • Article
    Buying pace slows down
    606 10 FRESH kaytag to the after--BMB «08M IM iMOI ket to pat up peed perfsrawarr to opttejt the cutter!" -11 Beastead, Slae Dartjr, UOL, CHy Pi nilifiiMo, UMW 88i BlgßßB Metal were tettreiy seagkt after. these shares oooli have Nsafdhwinss, the Straits Ttaoeo ladastrlal ladex a4M 4.71
    606 words
  • Article
    KL focuses on selective stocks
    409 10 SHARE prices on the Kuala Lumpur stock market closed generally steady yesterday in selective tradingTotal turnover was marginally higher at 5.67 million units valued at MH6.03 million, compared with 5.35 million units worth $15.69 million on Thursday. After opening at around overnight levels, share prices
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  • COMPANY NEWS
    • Article
      Kemayan Oil Palm expects lower profits
      403 11 KEMAYAN Oil Palm Bhd is forecasting lower profits for the current year as a result of the continued world recession. The forecast was made by Kemayan chairman Mr Siow Kon Sang in his latest annual statement to shareholders. Reviewing past performance, Mr Siow notes
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    • Article
      BAT offers steady dividend returns
      747 11  -  Barket Talk... By CHAN OI CHEE INVESTORS looking for a stock with good and steady dividend returns and the prospect of reaping substantial capital gains can consider Brltlsh-Aaerlean Mmm Campaay (8) Ltd (BAT). Stock broking firm Ong and Company, in its latest issue of Ongco
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    • Article
      Lock icon Wall Street resounds to its stampede
      679 11 NYT "WE MISSED a call. You guys stink!" Prudential Bacbe Securities had Just lost a trade to another brokerage firm, and William Schlicher, senior vice-president of Institutional Stock Trading, hurled his insult across the Door to the block traders, who ignored it for the.
      NYT  -  679 words
    • ASIAN STOCKS
      • Article
        Market closes steady
        288 11 HONGKONG THE HONGKONG stock market yesterday recovered tram an early decline to clofe steady with the Hang Seng index up 8 points to 859.98 after standing 15.89 points down at the morning close, brokers said. Prices fell initially in an extension of Thursday's correction to the recent
        288 words
      • Article
        Tokyo shares end mixed
        323 11 SHARE PRICES ON the Tokyo stock market yesterday closed mixed on profit-taking in international blue chips after Thursday's sharp rise, dealers said. The market average rase 13.06 points to 7,528.96, but the Tokyo Stock Exchange index lost 0.35 points to 554.90 in active trading on a
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      • Article
        Manila
        132 11 SHARE prices in Manila yesterday closed firmer on an increased turnover of 1.88 million pesos, compared with 1.85 million pesos on Thursday, dealers said. The commercial/industrial index was up 0.470 points to 87.290, the mining index was up 18.030 points to 994.950 and the oils marker was up 0.011
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      • Article
        Sydney slightly higher
        327 11 MAJOR RESOURCE issues in Sydney yesterday closed slightly higher after morning rises were eroded in afternoon trading, brokers said. Industrials were quiet and brokers attributed the selective rise to the likelihood that any United States recovery would initially only benefit raw material suppliers. The All Ordinaries index
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      • Article
        Bangkok
        85 11 SHARE prices in Bangkok yesterday closed mostly higher in active trading with a turnover of 210,217 shares, more than doubled Thursday's volume. raar Buikot Bank BtniOf Ayudbajpm Ltd 1H uneh •a Ooodywr IndiutrUi rtninJalapra&w Omcnt.. 1MJ0 1 unch rymtf Tt** 23 I «Ji 1*1 I in SM unch I
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    • Article
      Regional brokers in rough patch
      285 11 US REGIONAL securities firms face difficulties which are being masked by current active market conditions, Robert E Linton, rhahman and chief executive officer of Drexel Burnham Lambert Inc. said. t jitfnw nominated chairman of the Securities Industry Association, said: "I think one of the greatest
      285 words
    • Article, Illustration
      Hong Leong Ind buys 20-hectare Seremban land
      725 11 HONG LEONG IndiMtries (HLI) has obtained ».23 teclaia of industrial land from the Negri SembUan government (or its future exnansion nrogs—a HU chairman Mr Kwek Hong Png says in Us latest annual statement that planning is already underway to use the plot of
      725 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      359 11 Computa'Bl attractedl3,ooo business ooDcrtuniti Can you to miss COMPUTE? 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
      359 words
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  • Article
    Another Faber Merlin hotel in Johore
    357 12 MERLIN Inn Segamat is the newest addition to Faber Merlin's chain of hotels/inns in Malaysia. Yesterday, the aggressive hotel-cum-property group announced that it was leasing a 96-room hotel building in Segamat, Johore, for 15 years. This will bring the number of hotels and inns
    357 words
  • Article
    LONDON STOCKS
    816 12 EQUITIES were marked defensively easier at the outset yesterday, In line with Wall Street overnight, but trading interest was small, dealers said. At noon, the Financial Times Index was down one point at 628.5, after a 2.9-point drop at 10am. BICC was lOp off at 318, GEC died
    816 words
  • Article
    Lock icon Dow Jones mixed
    98 12 Reuter PROFIT-TAKING eased its grip on the New York stock market yesterday morning and prices were mixed after beginning the day dn the downside. The Dow Jones Industrial Average was up nearly one point to 1051.23 after being as low as 1046.63 earlier, but declining stocks led
    Reuter  -  98 words
  • Chief Price Changes
    • Article
      SINGAPORE
      153 12 Island A Pen MS +36 MalakofT 275 22 ■mo 050 +20 DBS 845 15 TUbm Pub 855 15 8 T P 1975 000 15 ABN 221 15 Ac ma 272 13 Public Buk 420 12 Con Plaat 191 12 E L Kepoag 196 11 Nat Iroa 750 10 Saaeorp
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    • Article, Illustration
      KUALA LUMPUR
      122 12 Indices Nov 4 Nov 5 MBT Index: *****9 *****3 NST Industrials: 900.89 907.79 NST Finance: 1496.42 1206.26 NST Hotels: 648.84 648.84 NST Properties: 756.88 764.35 NST Tins: 284.88 286.84 NST rubbers: 1093.49 1104.10 Most Active M UI 342,000 Boustead 265,000 Supreme Corp 212,000 Multl-Purpose 204,000 Total turnover: 5.67m
      122 words
    • Article
      Selected indices
      49 12 FINANCIAL TIMES INDUSTRIALS Thursday 829.5 Wednesday 824.3 Week Ago 504.0 Friday Thursday Week Ago AUSTRALIAN INDUSTRIALS 889.92 881.92 771.90 DOW JONE8 AVERAGE INDUSTRIALS Thursday 1060.22 Wednesday... 1066.49 Week Ago 991.72 Friday 681.1 Thursday 880.4 Week Ago 646.0 ALL ORDINARIE8 Prldav 523.7 SENG Thursday Week Ago 821.7 ..504.6
      49 words
  • Article
    Oei to have 25pc stake in UIC's Jakarta plant
    459 12  -  HHISII Companies Editor: Mano Sabnani By SIOW LI SEN UNITED Industrial Corporation'» managing director, Oei Hong Leo tig, will hold a 25 per cent interest in the group's proposed US$5O million alkylbenzene plant in Jakarta. Mr Oei and his family's interest
    459 words
  • Article
    Petaling Garden balloting
    337 12 PETALING Garden Bhd's public offer has been oversubscribed by 10.8 times. It was confirmed yesterday that applications for a total of 265.624 million shares were received for the 22.509 million 50-cent shares offered at 80 cents each when applications closed on Tuesday. Balloting for the public offer
    337 words
  • Article
    New terms for Barlow Boustead accepted
    214 12 THE BARLOW Family Trusts and Mr H S Barlow, Lembaga Kemajuan Tana Persekutuan (Felda), Lembaga Tabung Angkatan Tenters (LTAT) and Lembaga Urusan dan Tabung Hajl (LUTH), have accepted the revised terms of the proponed acquisition of Barlow Boustead Estates Agency Bhd, by Boustead Holdings
    214 words
  • Article
    Menang share trading to resume on KLSE
    210 12 TRADING in the shares of Menang Corporation (M) Bhd, formerly Gilani Jute Textile Mills Bhd, will resume on the Kuala Lumpur Stock Exchange on Monday. Out of the company's 99 million shares of M& each, Ave million shares from the original equity of
    210 words
  • Article
    Hotel Royal queried
    167 12 HOTEL Royal, whose share price leapt nearly 20 per cent this week, has been queried by the Stock Exchange of Singapore about market speculation of a possible takeover bid. Prom a price of $1.87 on Monday, Hotel Royal's price rose to $2.00 in midweek with a big
    167 words
  • LATEST
    • Article
      AYER Tin Dredging Malaysia Bhd
      95 12 a sight drop Is pre-tax prcflt Is M1i.42 miliWa tar the year faded Jiae M, compared with }U4 mllliaa la the earlier year. Bat dae Is a hefty tax eharge sf $1.14 miHlta (Wjm prevtsarty), prefit after tax was redaeßl te giving act earniags sf
      95 words
    • Article
      FEDERAL Flour Mills Bhd
      42 12 haa declared s first laterlm HiMisi ef 7J per eeat less tax for the year nadlag Dee U. The dividend will he paid ea Dee 14 te Aarehelders registered as at the dose ef baataeas aa Nav 9.
      42 words
  • Article
    Potential in HK
    823 12 Taking Stock...! NOW THAT it has been confirmed that US equities are in the midst of a ma)or new bull market, there is euphoria all round. Analysts are freely offering advice on which stocks to buy, and many are predicting that the Dow Jones average will top
    823 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      83 12 TO BE OPENED BY THE HONOURABLE MINISTER OF LABOUR ANI) C OMMUNIC ATIONS, SINGAPORE v jU s v SL N V V s v N v O s s V V V s V S s V V rv 3U .V SJ S' s ru-s S Cs V A v
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      59 12 WEATHER OUTLOOK for today: Fair; showers in several areas in the afternoon. Report for 24 h«wri prter to Ml pm m Nev 5 at the afarpert: Maximum temperature 32.3 Associated humidity 68 Minimum temperature 24.4 Associated humidity 96 Hours of sunshine 7.00 Rainfall in millimetres 0.1 Total rainfall for the
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