The Business Times, 20 November 1982

Microfilm: NL13612
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 93/1/82 SATURDAY, NOVEMBER 29,1182 AO r.FTMTS
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  • Article
    Tarisco to dish out $45m for seafood chain
    427 1  -  By LIM SOON NEO THE ASIAN franchisee of Long John Silver's fastfood chain plans to spend about $45 million over the next three to five years xmi a chain of outlets in the region. The Tarisco Group Asia/Pacific, plans to operate 45
    427 words
  • Article
    Lock icon Thomson-Brandt plans to get Grundig stake
    186 1 AP AFP IN A move to combat Japanese dominance in home electronics, France's nationalised ThomsonBrandt Group said it would take over slightly more than 75 per cent of the West German electrical concern Grundig. But in Bonn, the West German Monopolies Office reacted adversely
    AP; AFP  -  186 words
  • Article
    Financiers can expand role in CPF scheme
    588 1  -  By LEE YOKE MENG ALMOST 968 million of savings in the Centra] Provident Fund were withdrawn in the first nine months of this year for the purchase of private residential property. Large though the figure may be, financiers stand to gain even more
    588 words
  • Article
    Lower rates from new mortgage plan
    459 1 A LOWER rate of interest for borrowers is one of the benefits that are likely to result from the introduction of the new housing loan-cum-investment paper known as the mortgage-backed security. Vernon Spencer, managing director of the Central Mortgage Registry of Australia, said this
    459 words
  • Article
    BEP Akitek and defendant settle suit out of court
    318 1 A LEGAL tussle over claims of planning and architectural credit for two prssHgions projects Plaza Stagapura and Corncentre has been settled out of court between BEP Aldtek (Pte) and a former shareholder of the company, architect Tang Soo Suan. BEP Aldtek
    318 words
  • BRIEFLY...
    • Article
      Lock icon Gatt declaration
      87 1 Reuter THE European Economic Community yesterday proposed watering down a declaration on free trade which commerce ministers are to approve at the Nov 24 to 27 meeting of the. General Agreement on Tariffs and Trade. Diplomats in Geneva said the proposals, sure to meet strong opposition, would eliminate
      Reuter  -  87 words
    • Article
      Lock icon New ministers
      60 1 UPI CHINA yesterday announced the appointment of new ministers of foreign affairs and national defence. The Xinhua news agency said Wu Xueqian, 60, a former vice foreign minister, was named Minister of Foreign Affairs, replacing veteran statesman Huang Hua. Thang Aiping, 62, a vice-premier of the state council,
      UPI  -  60 words
    • Article
      Lock icon British reaction
      47 1 AFP BRITISH officials yesterday reacted with a mixture of regret and anger to France's shipment to Argentina of five super Etendard aircraft equipped with sophisticated exocet missiles. The Foreign Office in London said it was "most disappointed" at the French decision to resume deliveries. AFP
      AFP  -  47 words
    • Article
      Lock icon Strict secrecy
      79 1 Reuter THE Soviet Union has maintained its strict secrecy on the size of its 1961 grain harvest in an annual statistical yearbook just published. Publication of the volume of statistics covering last year had been eagerly awaited in Moscow by foreign economic analysts hoping the secret grain figure
      Reuter  -  79 words
    • Article
      Lock icon Indonesian exit tax
      59 1 UPI INDONESIA'S US$22O exit tax enforced this week to shore up the country's dwindling foreign reserves has triggered unexpected problems for the business community. Business officials in Jakarta yesterday said: "We were caught by surprise since the decision was announced three days only before it was enforced.
      UPI  -  59 words
    • Article
      Lock icon Change of venue
      75 1 Reuter OPEC will probably hold its next regular ministerial conference at its headquarters in Vienna but no definite date has been fixed, a spokesman for the oil organisation said. Opec, which holds two regular conferences a year, was originally due to hold the meeting in Lago6 on
      Reuter  -  75 words
    • Article
      Lock icon Von Schoeler resigns
      80 1 Reuter FORMER interior ministry secretary of state Andreas von Schoeler has resigned from the West German Free Democratic Party (FDP) and plans to join the opposition Social Democrats (SPD), FDP officials said. Mr von Schoeler is the most senior Liberal to quit the FDP in protest at
      Reuter  -  80 words
  • Article
    Consultant says fall in office demand no cause for concern
    191 1 DEMAND far affiee •pace fell la the last six msaths, Bat this sfeeald ■el give rise to aay eea©era, said Mr CM Bay*, Mator pailw sf tans Laag Waattaa (Siagapere). IV sfflae market 4ms aat rety aa toe dameatfc ereasaay
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  • Article
    Ringgit firms on back of buying support
    412 1  -  By BERNADETTE CHOOI i THE Malaysian ringgit has firmed up on the back of buying support after sliding steadily against the Singapore dollar over the past 20 months. It has now reached the 10.93 level against the local currency. For. the most part
    412 words
  • Article
    Lock icon Pound rallies as dollar sinks
    120 1 AP THE RALLYING British pound gained more than one cent against the dollar in London yesterday, while the US currency sank to a 10-week low in Tokyo and fell across Europe. Gold prices rose by about US$9 an ounce. After a precipitous 4 per cent
    AP  -  120 words
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      Page 1 Advertisements Column 1
      239 1 BOOK rasa THE current firmer tone of the yen is likely to be sustained at least into the first quarter of 1983 .< Page 2 SECRETARY of State George Shultz has said that the US is ready to negotiate solutions to differences witfc the Soviet Union Page 4 LLOYD'S of
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      Page 1 Advertisements Column 2
      93 1 J/xXJIfLLAt Where others are left far behind. »*!e<st can |,is? v iav c.i.rm to bo tho N'> qolf ha 1 on professional circuits LOOK rit tnf-se statistics 1981 NCAA at Championship. O f< ic .v Ball C .tin: Nearest ova < 11?» 1981 M-'P s Tour Q« o.ii Ball Count
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      Page 1 Advertisements Column 3
      69 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingert,ps Singapore (Buku Merah) > v> -r<>* Is* //>'/ .t f > '-f* he* friendship it im r For Christmas! This imported leather Cutty Sark Key-chain is freS with every purchase. While Stocks last. GittySaik Scots Whisky I Distilled,
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  • BANKING AND FINANCE
    • Article
      Lock icon Firmer tone of yen likely to be sustained
      486 2 Reuter THE current firmer tone of the yen following its recent rebound is likely to be sustained at least into the first quarter of 1983. Foreign exchange dealers and analysts in Tokyo said the yen ended at 263.50 to the US dollar
      Reuter  -  486 words
    • Article
      Lock icon Japanese money brokers expand overseas links
      340 2 Reuter JAPANESE money broking .houses called "Tanshi" are pursuing a policy of expanding overseas links in anticipation of the possible creation of an offshore banking centre in Tokyo, Tanshi -sources said. I In August, Tomomitsu Ohba, director general of the Japanese Finance Ministry's International
      Reuter  -  340 words
    • Article
      Exporters seeking better financing services
      331 2 AS EXPORT markets become more competitive because of a decline in world trade brought about (or the first time In 23 years of rapid growth by a worldwide recession, exporters are reviewing financial options more carefully. They are demanding much more from their banks, and
      331 words
    • Article
      Lock icon Home loan dominance
      161 2 Reuter THE US savings and loan industry wm not be able to continue as the dominant mortgage lender In the 1980s, Federal Home Loan Mortgage Corp president Kenneth Thygerson said. In a speech at the US League of Savings Assodations' smrnsl convention, Thygerson said the thrifts' new
      Reuter  -  161 words
    • Article
      Lock icon HSBC pledges aid to deposit taking companies
      143 2 Reuter THE HwcktM and Shanghai Banking Cwpsrntton is aware that a saasher st Is ling eempaales (DTCs) Hsngkang wtteh 4s Mt have hankh* parentMy he Is ring temps my Mslllii imllim, DTCs^and it can, and will, assfa* DTCs whleh are ssnaAy-hnssd ■sagksag Financial
      Reuter  -  143 words
    • Article
      Brazil to ask for US$500m loan
      272 2 BRAZIL has announced plana to borrow US$5OO million from the International Monetary Fund to help pay back on foreign debts which are fast approaching the 190-bUliou mark. The announcement came Just three days after Brazil took a step towards full democracy by holding national
      272 words
    • Article
      Lock icon Australian trading bank deposits fall
      160 2 Reuter AUSTRALIAN trading bank deposits tell US$lO million to 136.61 billion in October after rising $767 million to 130.62 billion in September and compared with the year ago rise of $552 million to $27.38 billion. Total loans outstanding rose $332 million to $23.14 billion after
      Reuter  -  160 words
    • Article
      Lock icon EFFECT OF LOWER RATES
      190 2 Reuter THE view that the recent move to lower interest rates is positive for gold is open to debate, NM Rothschild and Sons Ltd director Robert Guy said. Guy said falling Interest rates prompted investors to favour gold because the carrying costs of buying the metal
      Reuter  -  190 words
    • Article
      Lock icon UK call for more detailed disclosure
      329 2 Reuter BRITISH hank» should disclose more Information In view of tnvector worries over their loans to bad risk sovereign borrowers. Broker W Green we 11 said in a study, prepared by analyst Keith Brown, that shareholders tn UK banks still have considerably leas Information
      Reuter  -  329 words
    • Article
      Lock icon Argentina willing to take over private external debt
      342 2 Reuter THE Argentine central bank is prepared to take over several billion US dollars of private external debt covered by foreign exchange insurance by issuing dollardenominated bonds or promissory notes to foreign creditors. The measures are Argentina's latest move to tackle its
      Reuter  -  342 words
    • MONEY AND EXCHANGE$
      • Article
        PLR
        22 2 THE average rata at wiicfc major Singapore banks are currently prepared to lead to tkeir best customers Is 9.46 per cent.
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      • Article
        ASIAN $
        170 2 ASIAN ASIAN curreacy deposit Interbank rates as at close on Nor 18: III Ddkndait) O0v 7 dan tll/1* t*i« 1 month 111/1* 99/16 3 months 1* H 3 months *19/1* *13/1* months 10H 10 9 months 10U 10H 12 months 10% 10* OwMn l month Smooths months 12 months 8H
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      • Article
        Discount
        41 2 RANOK Ct prtow tOm •d by Alt' coiat ob Now If: Ovanrigbt J* C&H dapcatta: IW flofetf i hrtai 3-month TrwanryMUs 3* J-month Bank Mils 6* 3 month* CD 6*4 6 month* CD 15/16 3 13/16 Source: National Discount Co
        41 words
      • Article
        Hongkong
        37 2 Banknote rates yesterday: us-is/ia UK 10.S10 75 Brunei 2.M/2.» W Germany 2J» 2. KB Malaga -17»/1«1 Philippine 0 71/0 73 Singapore -1»/101 Burma 1JO2J0 India 5.00/3.» Imhwto 0.»/0.» Japu-2.SC/2.a» Korea 0.71/0.0 Thailand -> 20 J0/9.» Taiwan 1«»1»70
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      • Article
        London
        60 2 Opening quotes yesterday us l tie 7} cu l.vm/M Croat -1.2211/14 D Mk 411» »45 D F1 4.M flO S Fr 1.5JCB 42 B FY coo 7t W M m F FT 11.0MB/» ut arajouTv® Yen 41I.56 4U 30 D Kr 14 42» me, N Kr 11 70C7 1»
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      • Article
        Singapore market
        453 2 THE US dollar cloaed generally easier against most major curracfca In light ■mlmimi trading at the local foreign exchange yeaterday. Dealers add the dollar remained depressed by renewed apertdatton of an imminent cut in US diacount rate and weaker Asian dollar deposit rates. Against the local dollar, the
        453 words
      • Article
        Tokyo
        188 2 THE DOLLAR (or overnight delivery in Tokyo yesterday closed weaker at 259.15 yen in fairly active trading, but above the day's 10-week low oT 258.55, dealers said. This was below the 260.80 opening in the 360.15/261.10 New York overnight close and the 262.70 close in Tokyo on Thursday. Trading
        188 words
      • Article
        Gold
        296 2 GOLD FUTURES in Slngapore yesterday cloaed generally firmer on weskend short-covering prompted by the metal's riae In overseas markets, dealers said. Trading waa moderate with total sales far the day recorded at 211 lota while kerb volume at 100 lots. Prompt doaed stronger at USKISJD/419.50 an ounce against 411.50/412J0
        296 words
      • Article
        Silver quotes
        35 2 Wti Tmm New Tort t.TtB *J3B 9 586 Zurich »J38 ».7tt •.OS MB M Tfcan Singapore 9.7SB t MR MB CVMtag pric w la US < loDan troy owe t. Source: Credit Suisse, S'pore
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      • Article
        Treasury bills
        49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Nov 22 to Nov 26: Offered: 1150,000,000 AppHsd fer: {841,080,000. Allotted: f150.0T0.W0 Itißßjtoi Mis: $99.24 approximately 83 per cent; higher bids in full. Average rale sf dfeesul sa illrtiit: 3.015 per cent per annum.
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    • Article
      Lock icon 'Yes' to Catalana's share capital restructure
      250 2 Reuter AN extraordinary share» holders' meeting approved a share capital restructuring plan for Bancs Catalana, the parent bank at the ailing regional banking group Banca Catalana, bank sources said in Madrid. The shareholders approved a reduction in the parent bank's 5.7 billion share and
      Reuter  -  250 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      98 2 EXPORTING TECHNIQUES 24-25 November 1982 x W' tc> a I Course Outline t 1 A. Export Potential and Export Goals B. Identify Profitable Export Markets C. Dealing with Trading Partners D. Offering the Right Products E. What we Need is Orders F. Export Financing and Export Credit v 5 ?•>&
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      238 3 If there's little difference, why pay so much more k r c 1 BMW 520 i PARFS 73,816 AltTmles 200 Manual PARFS ***** Volvo 244 GL PARF $56,724 1 9jt IM w'-t^aal 9 $45,900 Prices quoted as at 6th Oct 1982 PARF When you start looking for a luxury car,
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  • OVERSEAS
    • Article
      Lock icon America ready to talk with Soviets
      502 4 NYT US SECRETARY of State George Shultz has said that the US is ready to negotiate solutions to differences with the Soviet Union, but is looking for "a change in behaviour on Important matters" by the new Soviet leadership. In a news conference devoted
      NYT  -  502 words
    • Article
      Lock icon American poll on Mideast
      142 4 Reuter A POLL of American attitudes on the Middle Esst shows a large majority favour an independent Palestinian state. The poD conducted last month for the Institute of Arab Studies in Belmont, Massachusetts, and made public on Thursday shows continued support for Israel in general and
      Reuter  -  142 words
    • Article
      Lock icon Prefabricated houses for Palestinian refugees
      426 4 Reuter TWO Israeli hnsinassintn, armed with flossy brochures snd a quick sales patter, are trying to sell prefabricated houses to Palestinian refugees who lost their homes in the June Israeli invasion. Four houses, ranging in price from US$3,OOO to &&500, were on display outside the
      Reuter  -  426 words
    • Article
      Lock icon Malaysia in no hurry for petrochem complex
      288 4 AFP MALAYSIA is envisaging its own integrated petrochemical complex as soon as domestic demand Justifies ooe. Tan Sri Abdullah Salleh. chairman and chief executive of the state oil monopoly, Petronas, told participants of a polymer seminar and chemical conference in Kuala Lumpur, that
      AFP  -  288 words
    • Article
      Lock icon Lloyd's of London hit by series of mysterious crisis
      736 4 UPI LLOYD'S of London is being pummelled these days with a new kind of multi-million-dollar blow not Insurance losses but what looks like fraud. "Lloyd's, once famous for Insuring anything from Betty Grable's legs to the pride of the world's shipping
      UPI  -  736 words
    • Article
      Lock icon UK rates unlikely to rise
      219 4 Reuter THE UK government is not expected to respond to the recent sharp weakening of sterling by raising Interest rates, although the currency's fall will driay the timing of any more interest rate falls. Gavyn Da vies and David Morrison of UK stockbrokers Simon and
      Reuter  -  219 words
    • Article
      Lock icon Japan may increase export insurance premium
      253 4 Reuter THE Japanese international trade and industry ministry said it plans to raise premiums for Japanese export insurance on April 1,1983, to cover mounting insurance payments following problems over exports to less developed countries. The ministry is working out details of the increase, the
      Reuter  -  253 words
    • Article
      SHIPS IN PORT
      355 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Chidambaram Equator in Kota Berkat Leipzig SallyOcean Temburong Timber Royal Welkuo Almln Arafura Career Big Orange Kannlkar Kota Jade Mercs Ruhunu Ned Fraser New Lark Shlnko Maru Sphinx Yuheng PASIR PAN JANG 46 22 13/4 1/2 5
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    • WORLD IN BRIEF
      • Article
        Lock icon LONDON TO DEFEND HK
        356 4 Agencies BRITAIN'S army chief yesterday caid London was prepared to maintain the security of Hongkong. General Sir John Stanler, in his first visit to Hongkong as army chief of general staff, said the armed forces had contigency (dans for defending the colony against threats to its
        Agencies  -  356 words
    • Article
      Lock icon Output in wealthy countries falling
      166 4 AP PRODUCTION in wealthy industrial countries has been falling (aster and faster this year, with drops in the US and Japan dragging the total figure down, the International Monetary Fund reports. Figures (or 19 leading non-communist countries (eU 1.9 per cent in January, 2.4 per
      AP  -  166 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      56 4 P" Our Heartiest Congratulations to Pontiac Hotel Private Limited on the occasion of the official grand opening of THE PAVILION INTER? CONTINENTAL SINGAPORE 5 GOLD VEIN PTE. LTD (IncmpooM In om RapwMc of slnta#ow) Unit 1805, 18th Floor, Hong Leong Building, 16, Raffles Quay, Singapore, 0104. Tal: *****77 (2 Unas)
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      Page 4 Advertisements Column 2
      12 4 W4 A* r* %k B W Wr 1 wfm X I* >V«
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  • TRADE AND INDUSTRY
    • Article
      Emporium to set up shop at Parkway
      635 5  -  By ANGELINE TAN EMPORIUM Holdings, one of the largest retail chains in this region, will Join Myer Emporium of Australia and Yaohan Singapore as the three major departmental stores in Parkway Parade. Emporium recently signed the heads of agreement for 4,400 sq metres
      635 words
    • Article
      Kodak, Fuji gear up advertising efforts
      679 5  -  By LEE HAN SHIH KODAK and Fuji Photo Film, the two companies that dominate Singapore's annual $35 million market on photographic films, are gearing up their advertising efforts to take advantage of the coming festive season. Kodak (S) Pte Ltd (KSP), set up here
      679 words
    • Article
      UK investment doubles
      183 5 BRITISH Investment in Singapore has more than doubled since 1978 and the performance of British companies here has been ImprMSlve. This observation was made by the new British High Commisioner, Sir Peter Moon, during a recent meeting with the British Thiiiness Association. "I am impressed by the
      183 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      243 5 SAMUEL Montagu has appointed Mr PMUp Seel Tsek Bast as dealing manager of its Singapore merchant bank branch, with responsibility in all dealing activities including bullion, foreign exchange and Asian Currency Unit (ACU) and Singapore dollar treasury. Mr Seet is a graduate of the then University of
      243 words
    • Article
      Kone to produce cranes by 1983
      553 5  -  By LIM SOON NEO KONE Fels Crane Pte Ltd, a new Joint-venture company which will manufacture shipyard and harbour crmm by next year, expects an annual production of between S2O million and 130 million two years after operation. At least 90 per cent of
      553 words
    • Article, Illustration
      Maruman plans to market products more aggressively
      303 5 MARUMAN Co Ltd, Japan's leading manufacturer of luxury cigarette lighters, intends to market its products more aggressively in Singapore. The Japanese corporation, whose sales account for some 50 to 60 per cent of the Japanese market for cigarette lighters, recently appointed Jlnzhan Trading
      303 words
    • Article
      Landor opens offices in HK and Singapore
      130 5 LANDOR Associates, a San Franciscan marketing and design company, has expanded its Asian operations with the formation of new offices in Hongkong and Singapore. The offices will serve Landor clients in these two key markets as well as in the other Asean countries,
      130 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      208 5 I i-M I H Ui ft ft V* V if </A >v 'c' ■">:• "'v I J 1 1 I I I cn the PAVILION INTER.'CONTINENTAL SINGAPORE (Qpmq m I FROM HARAPAN GROUP INDONESIA P.T. HARAPAN MOTOR SAKTI INDUSTRY CO. (sole ogent of Yamaha Motorcycles for Indonesia) P.T. KARYA SAKTI
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  • Article
    Wit improves teams
    443 6 YOU have to keep your WITs about you in the search for higher productivity and a touch of wit clearly assists the process. Those who say that the subject is a stodgy one should take a look at evidence to the contrary in the latest issue of
    443 words
  • Article, Illustration
    Lock icon Gourmet delights
    1051 6  -  By ARTHUR SANDLES FT ABOUT 70 metres above us the Chinese flag flapped in a lazy breeze. We bad bargained over the oysters and negotiated with the chef. The meal was about to start... Gradually the afternoon seemed to disappear. The oysters, surrounded by a strange pastry, had
    FT  -  1,051 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      386 6 NOW AVAILABLE f ::4? f It escalated in late 1978 with a rusty freighter called the Hal Hong. It continued by chartered ship and by stolen boat and by foot across dangerous seas and dangerous borders. It became on£of the modern world's most tragic and difficult social problems one that
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1459 6 SINGAPORE 5 2.55 PM Operant Wowed by Sesame Street This educational programme for children this week introduces the letters Q and R and the number 3. 1.55 Saturday Matinee IS.T. Death Fight 3.30 Asian Youth Footbal Tournament CHna vs North Korea 4.25 1952 World Basfcetbal Championship USSR vs USA (Final):
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  • Article, Illustration
    Electronic game offers energy education
    94 7 THIS it an educational game with a difference, at thoueanda of Auatraliana, including these four pretty laeeee, have discovered. It ia an electronic home energy aavinga game. What participanta do ia adjuat combinations of appliances, space heating, insulation and thermoatat settings to see whether their
    94 words
  • Article, Illustration
    Lock icon US, Europe race for space market
    595 7  -  By JEAN-PAUL DUFOUR AFP THE commercial space race to on and although the United States Is in the lead with its fhhtmhta Shuttle, Europe's ill-fated Ariane its fifth flight blew up in «nM*<r Sept 9 Is still a major competitor. One clear tact has
    AFP  -  595 words
  • Article
    Lock icon Zeferelli protests against sale of film antiques
    434 7  -  By ROGER COHEN Reuter ANTIQUE dealers In Rome say It Is one of the city's finest auctions: the public queues to take part, but filmmakers Federico FeUini and Franco ZeterelM condoms It as a dlagrace. The cuuUumsjf laiountb the auction of some 15,000
    Reuter  -  434 words
  • Article, Illustration
    Lock icon Of children and TV
    893 7  -  By SUSAN CHIRA NYT HOW do children match up the real world with the one they see on television? Do they think Superman is an actual person? Will they watch a cartoon character hit his animated friend on the head with a baseball bat and then
    NYT  -  893 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      448 7 Hie Times Diaiy. The only ASEAN executive diary. The Holes Diary for 1983 features holidays in ASEAN coon tries on the actual day panels. At a glance, you 11 know the best times to avoid making business trips. Such a practical idea, but we're surprised no other diary here carries
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      230 8 nw "«y > nwytmnef jm, isvz Where to wine, dine and entertain KESHa2SD EXPRESS with the American Express* Card H you donl already have the Card, call *****33 for an application fonrf v 1 m f Our popular Nonya Buffet Lundieon at a special price. With tongue ridding delights like
      230 words
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      Page 8 Advertisements Column 2
      160 8 For sushi. For teppanvaki. For other authentically Japanese delights. < >r f.'st'r- dl! 7'!7' >> A < *111 I l*\ I*S 11*1* II 11l t| I *">1 I »|>, N NUTMEGS offers JAZZ BRUNCH onsundays 10.30 am. -3 p.m. $21 per person Ptoosc cat *****88 ext 663 for reservations Hyatt
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      Page 8 Advertisements Column 3
      135 8 Ihe perhvr end ro.« romantic drive «I»!V I V J,. v |t I, 1 I j JfiTDpefsial I:\pcricncc Miperb Seafood and unique Chinedengine in continental ambience. M 7-: V vr S?a~ < Jdo(C~3~fmtre Please call *****83 for reservations. I =i 1 Valued in all ways. A MEMBER OF THE UNITED
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      Page 8 Advertisements Column 4
      127 8 V i V Get into the beat with Asia's leading iazz musician, Louis Tan. At The Lounge. Every night/ It's the nicest way to jazz up your favourite drink. > r s f f v. i Dine in the grand tradition of emperors jj I s Whore sumptuous meals are
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      Page 8 Advertisements Column 5
      66 8 Keep up your Spirits Mctoria Bur r a it-' m I !J4s restaurant celebrates Us 2nd Anniversary And as part of our celebrations, guests will be presented with a 1963 Calendar—displaying the finest works of renowned Chinese artists. Limited stocks only. jfc novovci n| 1 utuMJim 214, Duneam Road, Slng*>or»
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  • RAW MATERIALS
    • Article
      Produce exchange
      172 9 CHINESE Pulwt Exchange, per 1M kg yesterday. Ciiwt «N: Bulk fob 190.00 sellers, old (bum (in second hand drum) fob $103.00 sellers, new drum fob $107.00 sellers. Cspra: Mixed (loose) $50 buyers. Psffsr: Muntok white pepper fob Asta NLW $332.50 sellers, Sarawak white pepper faq fob NLW $327.50
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    • Article
      PALM OIL
      127 9 The Malaysian crude palm oil market yesterday closed higher on pre-weekend covering in moderate trading. In the Nov position, the central region rose Mss to MJ725 a tonne and south MJ2.50 to M 5722.50 while in Dec south and central gained M|s and M 52.50 respectively to M
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    • INTERNATIONAL STOCKS
      • Article
        Market closes stronger
        999 9 NEW YORK STOCK PRICES IN New York on Thursday closed slightly higher amid persistent speculation about an imminent discount rate cut. The Dow Jones industrial average moved in a narrow range throughout the session and closed with a gain of about 4Vt points. Advances led declines three
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      • Article
        Zurich
        87 9 NOV U Frmnea (Utah» UN AfftlWlrt— m 1 Sn i 51l 2 gwtwJSl Br ta +J SrownBowriBr aS Tfn °°nJ i:§i|i£ r v 5 .T So 'ill gwlt Bo-Xnur Bt- BW 1» So t? SwImlrBr Ml mm SSTSSR* +l SSS Z2L ch Union Bank Of as m *\o jSStine
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      • Article
        Brussels
        59 9 "OV Or Bni Umb 1401 FORWARD M AM ARRET P*tro Rjt Dutch ftor Ovn Btk ma 1MB 1*00 1MB ■acta -M mr*mn Ctnotf m M> -ft Sofln* Sotmr* V Mont TO BU TO +M unch 0oo«!t DtBMTS rwtinh.1 Si +3 CASH MARRKT 1MB Ob-Iaao-Bn 0«T no unch 1MB +10
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      • Article
        Frankfurt
        69 9 NOV 1« Dm a* uncb M U ♦O 0J +M ♦U Hoac&tt 11 n «»r Ii Hortan tout jno uue tu Conu Oumm) MMkr-Bnt mm tmm mm flM mu» Kamadt KHD Ltndt PTIII—H RMITA ltlJO 1MJ0 SUJt 131. TO m» nut u ♦i -tj ♦L7 iU uaeb na«a« Sehartac
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      • Article
        Milan
        71 9 NOV It Jrt 1SJB MUano AaaOrd <00 140 Central* Ort Cood Arqua Roma on U4J0 1M» MM 30 W U m w Mas Monudlaon OUrattl Ord nmuAadc Plraill Spa 00 IMS ■at m m 44 JM 7 (1 M a ■rMaala rki(M Ommll (MM in Pitt turn nm yam
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      • Article
        JOHANNESBURG
        217 9 nov ia Run) Trait Bk IS «-u 01 uncti INDUSTRIALS Unlwc Wootwortft TO uncb TO aneh A Alpha TO one MININGS SB unr WO line TO unc m one «M ill m HO one at 4* unc TO unci TO TO TO M unci TO unc TO and TO
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      • Article
        TORONTO
        136 9 HOVU C» Hud Bar Mia Imp OU Ml AbttUrt 17* -H Inco 11* —25 Lot Pro* Pip* n* Aigoma a* uncb lnt uta Si uoch jf 001 .—tt~ Xnu NtckaJ 11» I™* 0 8 Kwt Add 14« SSfiS- 25 UMsWi t» 2L2?." «5 >W| S» oneta !z2?2-— "J Memodrt
        136 words
      • Article
        Paris
        173 9 NOV 11 m GROUP B CORBEILLE Carrefour 1*17 17 Alr-Uquide BBNOwnto DtlXXM C P (ThomaoaCle/rancalae dMPitrolM Credit Pooctcr Da Franc* Hachatta (Ubralrta).. 441 -7 LUntori 44.70 0J 147k I* 107 JO m MB ♦t •U >014 ♦10 3 Lalarn ata Moat-Hannaaay T4J Opn-Parlba* lit JO 47M Radtotachniqua M4 GROUP
        173 words
      • Article
        Amsterdam
        165 9 movu n. j J™"*»"" Jf* 5» 1MO >0.7 abh nw >o S-".- iooio -l-» AHotd 1MU0 +4 JJJ» >01 Akao MM unch BM +«.7 AMCV 0010 >11 Nad 11U0 >IJ abim no >i% !iHS AwoMnk 4&10 tu UU» +4 Oe* OrtnUn IHM ZZT MM uncb gS-2" Bote 0U0 +0.4
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    • Article
      LONDON MARKETS
      1054 9 COFFEE: Robusta coffee futures were generally steadier midday, £3 to £11 a tonne above Thursday's close in nearby positions. Dealers said nearby months ended slightly above the session lows as some light selling trimmed midmorning gains. Prices generally moved in a narrow range as little clear direction emerged.
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    • Article
      RICE
      317 9 SINGAPORE: Yesterday's closing prices in S) per kilo, ex-godown: THAI WHITE: 100 per cent tint class (Kangaroo) new crop LOO, 100 per cent second class 0.78, 100 per cent third class 0.73, 35 per cent new crop no stock, B-10 per cent 0.70. THAI BROKEN: A-super 0.60. Special 057.
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    • Article
      Rubber trades quietly
      248 9 THE aftermath of the November himk easier conditions, with December One RSS dropping back some Ave cents In Myp— In quiet trmdinf and reduced turnover, says leMajr, CMtor aai Bath in its rubber review for the week ended Nov If. Freer offers were met by noticeable Inch
      248 words
    • Article
      Straits Tin
      42 9 THE STRAITS TIN Clb Pmtmm yeetorMi atoOy at Ike ITA flee r level of mil a kle tor Ike IMb tra4to« 4ay. Mnaiito^ fcj ike mTTm! ateaaTttM total gf je? *PMk De-frj-rftoreaetote,!** teeaee frem iti ae rntlitoeg.. tke «salers mU.
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    • Article
      CLOSING PRICES
      31 9 Rubber; Not 19 Singapore: 1 17«M> cento (up 0.75 oeat) Malaysia: 193J6 cents (down 0.25 cent) Tin: M 519.15 per kilo (anftbannod) Offlcal ofrariu: 146 tonnes (ap 80 tonnes)
      31 words
    • Article
      TEXTILES
      158 9 TARN sad cotton prices were quoted ss follows in Hongkong yesterday. (Is HK dollars, apot ex-go-dowa) CStn yam: CMsa Blue Phoenix m 1»; 3k 3,000, 40s «430 (par bale of 410 lbs). Ptass fMin CWns Butterfly and Gtobe brand unq; Dragon Head aaq; Five Lambs aaq; Flower aad Butterfly
      158 words
    • Article
      RUBBER
      255 9 RUBBER PUCES IN Sfa«apore yesterday closed slightly higher with Heceniber One RSS buyers quoted, at 178J0 cents_per kflo, up 0.75 cents from Tvo-aday's dose. Morning prices were marked up slightly on some light buying star s slightly higher opening. Afternoon prices eased slightly on some sriling towards the dose.
      255 words
    • Article
      RAS PRICES
      188 9 HAS prtoaa In canto par kilo rmtmnmr 1 Q»Mto)_ OaM) M.IIUMIUI.WI tot 1 MX Sir—bB IBM htlU&towr BUI toSUA MUI OK/CM MUI hLIIU MUI w/cm mm kLIUl 19UI UK/Owl. BUI toLSUX MUI ur/owt MUI OMtog Mw: QtoM Mi rtWMr mimn m.15 nui MUI MUI MUI BUI MUI MUI
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    • Article
      SSR and SMR
      57 9 NOON Mil UI mtm iCmMl ■mnli WIM 1KJ0 •r ■*> <9mmm§4i SHMN MM uut SS 8SSS uuw UTJQN Ml IMlMN mil 8MKCV StfRL oa OP MM SMR» amm mm S3 IMM nut 1MJ0 .sa uut MM V IMJMN HSM uuw 11QJ0N wiJtm WjM IMJt uut ss mm
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  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    1776 10 BID and offer prices officially listed and business in and reported to the Stock Exchange d Singapore yesterday, with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Aeat (IMB
    1,776 words
  • Article
    SHARE INFORMATION SERVICE
    2939 10 IMS Hi«k Low Compeer li +erGr*s Div Dtv CSr Grt YTd Net P/E Vol (*000) Day Higk Low SBCTION ONE INDUSTRIAL ft COMMERCIAL 380 as 247 132 Aetna Ai com Allied Choc 200 119 108cd -4 unch 21.7 3r7 7JO 03 03 23 83 12 17 293
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  • Article
    In Kuala Lumpur
    1599 10 BID aad offer prtca officially listed and bnataMs la aad reported to the Kuala Lumpur Stock Kwfenp yesterday, with the number at ahara traded shows la brackets In lots of 1,000 uaits gala* otherwise wpec\dsd. iNDimau Aaaa(lTOß) AJhiam (1308 INS) (3) 3JO Atesa (LBB 1.478) (91) 1.«
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  • Article
    COMPANY MEETINGS
    55 10 HUME Mutrios (Malayda) Berfcad: EGM to be held at Jalan 219, Off Federal Highway, Petaling Jaya, Selangor on Nov 25 at 2 pm. KEMAYAN OH Pain Berhad: Seventeenth AGM to be held at 5E Foh Chong Building, 66 Jalan Ibrahim, Johore Bahru on Nov X at noon to
    55 words
  • Article
    Shares drift sideways
    688 10 PUCES drttod sideways la Mgtt trsdjag^at Dealers said that at the epeafag hell, wmt stares wore «A Mr prevto— clnlag levels, hat added that than was ao heavy selftag Is depress priees severely. miaato haylag which pad ap the overall Bsarhet. MeaawhUe, the ttraHo Tlaoeo ladastrial ladex,
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  • Article
    Prices slightly lower in KL
    517 10 POOR sentiment prevailed on the Kuala Lumpur stock market yesterday as share prices finished marginally lower in quiet trading. Total turnover was reduced to 5.06 million units valued at M&3.96 million against Thursday's 5.48 million units worth $15.06 million. After opening at overnight levels, prices
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  • COMPANY NEWS
    • Article
      Questions on acquisitions of City Developments
      570 11 r < Letter to the Editor it d THE feUewiag Is a eepy et a letter teat by a shareholder sf City Develepmeats to N M Rethsehild A Seas (S) Ltd. The latter Is advMag mfaertty shtrehsldrrs tf City Developments la ceaaeetlea with the
      570 words
    • Article
      Lock icon Malaysian oil palm growers welcome the little weevil
      632 11 Reuter THE WEEVIL, a much ma-, ligned little insect, has brought great Joy to growers of oil palm in Malaysia, the world's lead-' ing producer of the commodity. In less than two years, the diminutive creature has raised oil palm production by
      Reuter  -  632 words
    • ASIAN STOCKS
      • Article
        Sydney little changed
        145 11 SHARE PRICES IN Sydney yesterday meandered in (inspired trading with brokers reporting «Mti oversees interest NOV it Canta INDUSTRIALS b ICI la oocta in>nu m -t LakMaNM umum aa -a ACI in AMI a APM M me m «-a Ame U 1 aEmmOM M one AMM KB
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      • Article
        Manila
        58 11 MOV It NM OrtMMii B MOmni •M iUH MM -MM MM 4M PtcopB wwi uftcp ABU MtoiMjt B 4AMOMUC tawMCtaT CDC» fMTMMli MM -AM •MM Mtfe UU nacta M -1 LM oaeta CM -CI MT» aneh 4 *U •Mi MJTT tan Wgwi B NMOMtr MMO«B SB ancb •MM audi
        58 words
      • Article
        Unit trusts
        102 11 SENGAPOV UNIT INR fin »m friMIvIWfB) Hie Owiimia 2.8 1.07 The Savings Fund 1M 1.77 S'pore Prog Fund 1.21 1J6 S pore Sac. tad I B 106 S'pore Inveat Fund ,1.06 1.10 S'pore Equity Fuad 1.» 1.35 UUOIOTTMJR Mai MM 141 2.38 PI M! 11 NawMftB) Oct Nov
        102 words
      • Article
        Prices finish higher
        201 11 HONGKONG PRICES IN Hongkong yesterday closed higher on fairly active buying prompted by the Hongkong Bank statement that it will «Wort soundly bssed local deposit t.Hn g companies (DTC), dealers said. The market gained further confidence after financial secretary John Bremridge later Mid the bank's move confirms
        201 words
      • Article
        Tokyo shares rise sharply
        319 11 THE Tokyo stock market yesterday rose sharply over a broad (root in rss|xxise to the yen's advance to a 10-week high against the dollar and Increased foreign share purchases, dealers said. The market average gained 49 to end at 7,854.92 in active trading volume oi 600
        319 words
      • Article
        Bangkok
        75 11 m BthU ta B ZZ in m HZ Urn UlJt M- UU( m H ♦A •4 unch 4 -M •U unch Hub Pimini ■*-CK, Mucnot Bouth Mintn Thai OtuMRHl Tbal ftraan BanJ ThtlOtea Thai Indvatrui OMM Thai Mutual PMM I TkallMMl rMD miMuM ruadUl cSfEs* m zz a an
        75 words
    • Article
      Lock icon Lockheed unable to reduce debt load
      397 11 Reuter LOCKHEED Corp will be unable to reduce nibstantially Its sizeable debt In 1983 as previously forecast Internally, senior fin»n<~m vice-president Vicent Maraflno said. •> He said lack of success in selling some remaining L--1011 Tristar commercial planes in the current poor airline market,
      Reuter  -  397 words
    • Article, Illustration
      Kumpulan Guthrie sets its priorities
      1247 11  -  Kumpulan Guthrie Sdn Bhd, formerly the plantation management arm of Guthrie Corporation, haa today become a holding company reaponaible for Guthrie'a estates in Malaysia and abroad. Tan Sri Rashdan Baba, appointed executive chairman of Kumpulan Guthrie seven months ago, says the company's first priority is
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      208 11 VENTURE INTO THE WORLD OF RANKING WITH... -v;*. asL..i:f r ',P w'i tiiitar I Vtfc The money market is a complex and highly competitive one. There is a need, even for today's extensively trained executive, to be orientated in the practical know-how of the industry, especially if he aspires to
      208 words
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  • Article
    Two can makers report mixed interim results
    497 12  -  Companies Editor: Mara Sabnani By NAJEEB JARHOM 1 TWO local can manufacturers, Metal Box Singapore Ltd and Malaya Tin Printing Co Ltd, have reported mixed results for the first half of their respective financial years. While both experienced significant drops in sales, MTP
    497 words
  • Article
    Palmco Holdings slips into the red
    215 12 PALMCO sipped late the red la the test Baaactel year, raftoetteg the dttHeah nidXiM te the paha <fl awrket The pals» ell-based property aad leateag grsap reported a pes tea teas ef Mfiii adDHtea far the year eaded Jaae St, ISB eemySiVaSfcl aeefteajyt Iks
    215 words
  • Article
    LONDON STOCKS
    819 12 EQUITIES opened mainly higher ia quiet trading yesterday whOe bonds were firm, dealer» said. The Financial Times Tn>w at 10am was up LI points at 627.0. Government bonds were marked up V* to one point as sterling rallied overnight while speculation grew again about a cut in US
    819 words
  • Article, Illustration
    Boost for United Engineers
    381 12 AILING United Rng<n«*r» Ltd'* efforts to turn itself around has been given another boost, with the appointment of a former senior civil servant to head the management team. Dr Chua Yong Hai has agreed to become the group general manager of UE. He is also Joining
    381 words
  • LATEST RESULTS
    • Article
      INDUSTRIAL Oxygen Incorporated
      85 12 has revalued its factory land, together with the factory and office buildings, at Shah Alam it MJ8.166 million, yielding a surplus of $5.038 million which will be credited to its capital reserve. The company also announced that It has achieved a marginal 4.7 per cent rise in
      85 words
    • Article
      SINGAPORE Land Ltd
      34 12 made a group after-tax profit of $9.45 million for the year ended Aug 31 compared with |5.3 million previously. A first and final dividend of 5 per cent has been recommended.
      34 words
  • Chief Price Changes
    • Article
      SINGAPORE
      141 12 Rises trCSm 334 800 58 45 8 riusM 586 25 CCM 372 18 ABN 222 18 Metro Hides 745 15 PMC 486 14 DBS 820 10 Ttawt P*b 880 10 MCiUn 222 7 Gaiaasss 372 8 Falls KgLaajwt 420 -100 Saoro Lssd MBuklif 725 MO -15 -15 C 8«*«rs
      141 words
    • Article, Illustration
      KUALA LUMPUR
      180 12 Rises Loytape H L Finance 356 860 +68 +60 K Kampar 404 +44 Troooto 780 +30 Benta 468 +18 U M Flour 360 +14 AJinomoto 330 +10 PMC 90 10 Taining Con 660 +10 A Hitam TOO +10 SMI 368 +8 Falls Dunlop Eat 470 -14 Kamunting 456
      180 words
    • Article
      Selected indices
      50 12 FINANCIAL TIMES INDUSTRIALS Thursday Week Ago 787E1 ***** Thursday 825.0 Wednesday tSU week Ago 834A AUSTRALIAN INDUSTRIALS DOW JONES AVERAGE INDUSTRIALS Thursday 103X10 Wednesday 1027.50 Week Ago 1064.73 BJLHANO SENG Friday 830.06 Friday Thursday Week Ago 836.7 836.8 845.4 ALL ORDINARIE8 Friday 903JO Thursday 503.1 Wettk Ago 513.0
      50 words
  • Article
    COMPANY BRIEFS
    134 12 THE Singapore branch registrars and share transfer office of Malaysian Reford Secretarial Services Pte Ltd, has changed its address to 27-01 Shell Tower, Raffles Place, Singapore 0104. AYER Steal Ha Dredging Malaytfa will hold its sixth annual general meeting at Wlsma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur
    134 words
  • Article
    Lock icon Wise move by Sime
    377 12 Taking Stock...] By Hock Lock Siew THE termination of Sime Darby BUs proposed acquisition of Pug Kesag Ranker (M) 84a BM seems to be a wise decision. To begin with, there appears to be little advantage for Sime to buy over the manufacturing operations of a
    By Hock Lock Siew  -  377 words
  • Article
    Allied Chocolate profit up
    220 12 ALLIED Chocolate Industries Ltd has reported a near 20 per cent increase in group pre-tax profit to 93 million for the year ended June 30,198?. Group gales for the same period were up 11 per cent to $22.42 million, indicating an improvement in margins due to
    220 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      229 12 s I 1 II •4* vf «T£* Ji. t 7 if < T H* r. f S" *"**> T s i. Hi OIC*L 1 i I fifl? di wV £irailk. HH "ft Z z 5 ft/ I 3- S ■> 3, 5 >»->« ->■" NT» II ""T* ID m i
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      60 12 OUTLOOK for today: Fair in the morning showers in several areas in the afternoon. Repert for Ukm prfor to 1J» pm m Bfov It Mthe alrpart: Maximum temperature 331 Associated humidity 62 Minimum temperature 24 6 Associated humidity 95 Hours of sunshiiie SJSS Rainfall in millimetres 13.0 Total rainfall for
      60 words