The Business Times, 4 December 1982

Microfilm: NL13680
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, DECEMBER 4, lttt 60 CENTS
    11 words
  • Article
    Lock icon Hongkong drops plan for MTR station site
    513 1 Reuter HONGKONG'S Mass Transit Railway Corp (MTR) is not going ahead with the surface development of its Admiralty 2 Hongkong Island line station site following the withdrawal of the Hang Lung Development Consortium from the project. The MTR has been notified by the
    Reuter  -  513 words
  • Article
    US unemployment rate increases to 10.8pc
    117 1 THE unemployment rate in the US surged to 10.8 per cent in November from 10.4 per cent in October as another 440,000 Americans Joined the ranks of the unemployed. In releasing the figures yesterday, the US Department of Labour said that almost 12 million
    117 words
  • Article
    National Iron eyes MRT contract
    385 1  -  By KOH TSE YING NATIONAL Iron and Steel Mills has teamed up with a Canadian transport equipment manufacturer, Bombardier Inc, to bid for the contract to supply light-weight, steel-wheeled Metro vehicles for Singapore's Mass Rapid Transit system. The tie-up, besides giving National Iron the opportunity
    385 words
  • Article
    Gold trading only for exchange members
    589 1  -  By WANG LOOK KEAH GOLD traders will have to be members of the Gold Exchange of Singapore in future, First Deputy Prime Minister and Minister for Education, Dr Gob Keng Swee, announced in Parliament yesterday. And, to reinforce the ruling, non-members will be denied
    589 words
  • Article
    Trade board on target for next year
    319 1 THE Trade Development Board will be set up by early next year as scheduled. The bill to set up the board was passed by Parliament yesterday. The functions of the board, outlined in the second reading of the bill, was read out on
    319 words
  • BRIEFLY...
    • Article
      Lock icon Energy consumption
      47 1 UPI A GOVERNMENT forecast said Taiwan's energy consumption in 1983 will grow 5 per cent to an oil equivalent of 33,272,000 kilolitres. The projected increase was based on the assumption that the nation's economy would grow by 5.3 per cent that year, the report said.
      UPI  -  47 words
    • Article
      Lock icon Reshuffle to continue
      84 1 AFP CHINA'S vast administrative reshuffle which began last spring and in which hundreds of thousands of civil servants will lose their jobs is to continue until the spring of 1964, Premier Zhao Ziyang told Parliament in Beijing. In a speech delivered on Tuesday and made public yesterday,
      AFP  -  84 words
    • Article
      Lock icon Visit by Trudeau
      60 1 Reuter CANADIAN Prime Minister Pierre Trudeau will visit Indonesia from Jan 11 to 13 during his Asian tour, Canadian embassy officials said. Mr Trudeau will also visit the other Asean members as well as Brunei and Japan, the officials said. The tour was postponed from September because
      Reuter  -  60 words
    • Article
      Lock icon Malaysian car plan
      78 1 Reuter MALAYSIA has signed a letter of intent with two Japanese companies to take part in a Mss6o million project to build the country's own car. The chairman of Malaysia's Heavy Industries Corporation (Hicom), Tan Sri Jamil Jan, said yesterday Mitsubishi Motors Corporation and Mitsubishi Corporation would
      Reuter  -  78 words
    • Article
      Lock icon Tin meeting
      68 1 Reuter MINISTERS of tin producing countries will meet in London in March to try to break a deadlock between Malaysia and Indonesia on a Malaysian proposal to set up an association of tin producers, Bolivian Mining Minister Carlos Barragan said. Malaysia put the proposal before ministers of Australia,
      Reuter  -  68 words
    • Article
      Lock icon Barter trade
      40 1 Reuter MALAYSIA plans to start barter trading with North Korea to boost bilateral trade, Trade and Industry Minister Ahmad Rithauddeen said. But the two countries had still to identify products to be exchanged under a barter system. Reuter
      Reuter  -  40 words
    • Article
      Lock icon Delay in growth rates
      63 1 UPI THE world recession is likely to delay South Korea's efforts to restore strong economic growth rates, a government projection showed yesterday. Gross national product in 1966, the target year for the 1982 fiveyear plan, is expected to total US$lll.5 billion, far short of the initial
      UPI  -  63 words
    • Article
      Lock icon Talks in Kremlin
      34 1 Reuter SOVTET communist party chief Yuri Andropov held talks in the Kremlin yesterday with a sevenmember Arab League delegation headed by King Hussein of Jordan, the Soviet news agency Tass said.
      Reuter  -  34 words
  • Article, Illustration
    Lock icon Malik says counter purchase policy may not work
    163 1 UPI INDONESIAN Vice-Presi-dent Adam Malik has conceded that forcing foreign companies who win a government tender to buy an equivalent value in Indonesian commodities would not result in higher national exports. "I don't believe that the counter-purchase policy will be successful in
    UPI  -  163 words
  • Article
    Esso Production raises loan of US$400m
    333 1  -  By SOH TIANG KENG ESSO Production Malaysia Inc has borrowed US$4OO million from the Asian dollar and Eurocurrency markets to finance its oil development activity in Malaysia. The 10-year syndication loan with participation from 27 Asian, European and US banks was signed here on
    333 words
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      Page 1 Advertisements Column 1
      251 1 Distributed by FEDERAL PUBLICATIONS New Industrial Road, Singapore 1953 A member of Tha Times Organisation raasi MANY American banks are expected to show smaller profits and major increases in problem loans for the fourth quarter of this year Page l THE market for home and personal computers has been forecast
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      Page 1 Advertisements Column 2
      88 1 Where others are left far behind. Titleist can justly lay claim to be the No 1 golf ball on professional circuits Look at these statistics 1981 NCAA Golf Championship Official Ball Count Titleist (164) Nearest rival (12) 1981 Mens Tour Official Ball Count Titleist (4107); Nearest rival (905) 5 JjUJhJj*:
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      Page 1 Advertisements Column 3
      6 1 Broken mi—nl Natto—i Itm AWM—Pi|e l]
      6 words
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      Page 1 Advertisements Column 4
      51 1 I ~l* iU i*L!£ friendship s?ss^ KWY BfcO* For Christmas! This imported leather Cutty Sark Key-chain is free with every purchase. While Stocks last. Cutty Saik Scots Whisky i Distilled, blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347 Bukit Tirnah Road, Jp Singapore 1025. Tel:
      51 words
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  • BANKING AND FINANCE
    • Article
      Lock icon US banks expect less profits in last quarter
      870 2 NYT MANY American banks may show smaller profits and major increases in problem loans for the fourth .quarter of 1982 as a result of loans they have made to private companies and individuals in Mexico and Argentina. Banks in the US held
      NYT  -  870 words
    • Article
      UAE may merge banks
      109 2 rHE United Arab Emirates is considering incorporating its 23 national banks into 12 ranks, according to Ahmad Altayer, assistant finance undersecretary .t The move was aimed at seating a stronger national banking system by improving the banks' competitiveness against other monetary institutions. He said concentrating the
      109 words
    • Article
      Costa Rican interest payments
      499 2 COSTA Rica and its international creditors have been unable to agree on a schedule for bringing interest payments up to date, thus delaying pi*ns to restructure US$l.2 trillion of foreign debt. Representatives of a 12 bank committee met Costa Rican officials last month in Washington to
      499 words
    • Article
      Lock icon Attempt to reintroduce private banking
      203 2 Reuter THE Portuguese government yesterday decided to ask Parliament for authority to draw up a new law to reintroduce private banks and insurance companies, a Cabinet statement issued from Lisbon said. All insurance companies and all banks except three foreign owned ones were nationalised in
      Reuter  -  203 words
    • Article
      Lock icon Saudi plan to set up banks
      84 2 Reuter THE SAUDI financial institution. Dar Al-Maai Al-Isla-mi (Did), plans to set.up banks and investment companies la 11 countries in West Asia, East, Africa and Asia. Ibrahim Kamel, DMI executive vice-chairman in Riyadh, yesterday listed the countries as Egypt, the Ivory Coast, Malaysia, Mali,
      Reuter  -  84 words
    • Article
      Lock icon Hopes to modify Glass-Steagall Act
      695 2 NYT SOME US banks will be more equal than others once the day arrives and the banking industry is sure it will arrive when the Glass-Steagall Act is modified and limitations on interstate banking are eased. A change in the GlassSteagall law would allow banks
      NYT  -  695 words
    • Article
      Lock icon Gulf Petrochemical loan
      231 2 Reuter THE Gulf Petrochemical Industries Co, owned equally by the governments of Kuwait, Bahrain and Saudi Arabia, has signed a US$3OO million syndicated loan agreement to finance a petrochemical plant In Bahrain. The loan comprises four tranches. Tranche A is a 10 million Bahrain! dinars loan by
      Reuter  -  231 words
    • Article
      Lock icon Venezuela says financial sector within control
      291 2 Reuter THE Venezuelan government said it would take all measures necessary to secure a recovery of the Banco de los Trabajadores de Venezuela (BTV), and deplored what it called attempts to sow panic in the flmnriii sector. An aWMiI communique confirmed the government approved
      Reuter  -  291 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        447 2 WEAKNESS of the US dollar prevailed on the local foreign exchange with the unit crashing »g»<i—* major currencies. This was dearly evident In trading against the local dollar as the US dollar opened at 2.1870/95, down from Thursday's close of 2.19(5/8. It picked up during the day to
        447 words
      • Article
        Tokyo
        144 2 THE DOLLAR (or overnight delivery In Tokyo yesterday closed firmer at 247.85 yen, above the opening 246.70 but below the day's high of 248.55, dealers said The closing rate was above the 247.00/30 overnight close in New York but well below the 250.25 close in Tokyo on Thursday. Trading
        144 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.42 per cent.
        22 words
      • Article
        ASIAN $
        178 2 ASIAN ASIAN currency deposit Interbank rates as at close on Dec 3: uaPifcMjSjio 7 days 1 month 7/16 *8/16 2 month* 11/16 •8/16 3 months n »H months 10 9% months 10 3/16 10 1/16 13 months 108/16 10 3/16 Dm l«/n. muji. r-. i. ..I 1 month 1WMM m
        178 words
      • Article
        Discount
        50 2 RANGE of price* offered by di* couat hou m«Ok>: |k|. OLD dc| PH. JVd porta: SW Cfeaiag J-monUi Ttmsut] 1. m <\n t b BayOg SclUaf 1 rbUU 3 2* iTlQOnU] Bank bU U 7* 7* SmonU llCD 7M 7(4 6 months CD 7H 7H Source: National Discount Co
        50 words
      • Article
        Treasury bills
        49 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 6 to Dec 10: Offered: $160,000,000 Applied tar: $310,000,000. Allotted: $160,000,000. Accepted Mds: $99.26 approximately 96 per cent; higher bids in full. Average rate «I discount sa allotment: 2.906 per cent per annum.
        49 words
      • Article
        Gold
        344 2 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the session In moderate trading before closing slightly firmer compared with overnight New York levels. Total sales (or the day was recorded at 257 lots while kerb volume at 124 lots. Prompt closed slightly higher at U*****.00/***** an ounce compared with
        344 words
      • Article
        Hongkong
        122 2 THE DOLLAR yesterday continued to drift slightly higher in late trading in Hongkong after recovering yesterday morning from its falls in New York, but dealers said trading was very thin and featureless ahead of the weekend. They said there were no major factors behind the buying and noted the
        122 words
      • Article
        London
        70 2 THE DOLLAR yesterday stabilised after opening lower, while sterling slipped from its early steady lewis, dealers said. Opening quotes yesterday US 1.6425/35 Can 2.0293/322 Cross -1.2174/77 DMk- 3.9983/4.0024 DF1 4.4075/125 S FT 3 4275 325 B FY coo 78.46 59 F Fr -11.3075/300 Ut 2314.75 /2S17. 75 Yen *****
        70 words
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      Page 2 Advertisements Column 1
      98 2 "-T; -'V 3 'W;''Z*£*r-*% *'V* *'i I*T -X *Jt <«Sfi v r-/kv:y V' JMI Sssw t -I >•-. vgf Sf'* ;54 r S&JkI V fc s Wm &<i\- WIM, 11 nl A *fl 'Wi/fIC 1 W e- iSL?tm'^4' Cfi .tlt'-.-i I. "C > tV < > »CTSpCfc.-iK^>i >J■J 3* J
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  • TRADE AND INDUSTRY
    • Article
      Wendy's out to compete for slice of burger market
      615 3 WENDCO Pacific Pte Ltd, the franchise holder for Wendy's restaurants in Singapore, intends to spend about $2 million to set up three Wendy's restaurants by the end of 1963. The company's first outlet, Wendco Orchard Pte Ltd, will be at Far
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    • Article
      MEMO PAD
      670 3 SEMINARS AND COURSES Dec $-10: Effective Communication Skills, YMCA, NPB Dec 6-10: Planning, Scheduling and Control, Institute of Education, NPB Dec 6-10: Organisation and Methods n, Institute of Education, NPB Dec 6-10: Motivation and Human Relations, YMCA, NPB Dec 6-10: Problem Solving and Decision Making, YMCA, NPB Dec
      670 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      239 3 MR GORDON A P McCormick has been appointed zone director (Asia Pacific) for the Singapore office of Westing house Electric Corporation. He will be responsible for promoting Westinghouse products and services to industrial and contractor customers throughout the region. Mr McCormick holds a Bachelor of Science degree
      239 words
    • Article
      Sharp increase in sales of home computers expected
      639 3  -  By LIM SOON NEO THE market for home and persona] computers has been forecast to expand rapidly. All the four distributors interviewed by Business Times expect sharp rises in the sales of the respective brands over the next few years. Mr KS
      639 words
    • Article
      Risk management for construction projects
      238 3 RISK management and insurance for construction projects is the latest topic on the Times Conferences' list of seminars to be held here. The one-day conference, doubling as a follow-up to the Times conference on "The impact of the MRT on land use and urban development",
      238 words
    • Article
      Union in garment venture to provide jobs for disabled
      377 3 THE United Workers of Petroleum Industry (UWPI)'s co-operative is planning to set up a smallscale garment factory to provide employment for the disabled. The union is now looking for a suitable site for the plant which will turn out work clothes
      377 words
    • Article
      Scientek moving to new site at Kolam Ayer
      388 3 A COMPUTER and scientific products group, formed in the US by overseas Chinese scientists, consultants anH engineers, is poised to t»w«> a share of the high-technol-ogy market in Singapore. By next Monday, the Scientek group based in Carson, California, will be celebrating
      388 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      528 3 Va s xsSk^i r* s ro ft &V IS S&MS s y/jZ* m Will i vPX, m >> v* >'-i' L>* &J \V 2 fCM* X CV\T MBB 81 ss £ZF*?>< V f. Vv V •V X v'» \> •o r >" jO? I MZ3Z%.I,M atfe 1 J J r
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  • OVERSEAS
    • Article
      Lock icon Renewed pressure on Japan to open market
      601 4 Reuter JAPAN will come under renewed pressure to open its market to more US and West European imports in a round of trilateral trade talks which opened in Tokyo yesterday. The talks are the latest in a long-running series of confrontations, during which
      Reuter  -  601 words
    • Article
      Lock icon Appeal by Gemayel to US
      158 4 AP LEBANESE President Amin Gemayel has made an "urgent appeal" to the US to put more pressure on Israel to withdraw from Lebanon's embattled central mountains. The Lebanese news agency said: "The president appealed to the United States through US Middle East envoy Morris Draper
      AP  -  158 words
    • Article
      Lock icon Presidency may take over in Poland
      461 4 AP POLAND'S military rule may be replaced next year by a strong presidency similar to that of France and a party allied with the Catholic church may be formed. Western diplomats in Warsaw yesterday said they were told this by senior Polish officials. Strengthening
      AP  -  461 words
    • Article
      Lock icon FORECAST OF UK NORTH SEA OIL REVENUES
      213 4 Reuter BRITISH government revenues from North Sea oil are likely to stabilise at £15 billion to £16 billion annually in the period 1906 to 1990 against £7.1 billion (or calendar 1982 and £8.8 billion in 1983, a study by brokers Wood, Mackenzie said.
      Reuter  -  213 words
    • Article
      Lock icon US factory orders fall
      147 4 Reuter PROSPECTS of a general economic recovery in the US were clouded by government reports of a sharp dip in factory orders and a rise in the number of workers seeking unemployment benefits. Manufacturing industries struggled through October with a 3.9 per cent tall in orders
      Reuter  -  147 words
    • Article
      Lock icon Bid for law to make casinos invest in public projects
      385 4 NYT NEW Jersey's Casino Control Commission, saying that legalised gambling had failed to lead to the renewal of Atlantic City, yesterday asked for legislation requiring casinos to Invest millions o# dollars in housing and other projects in the American state.
      NYT  -  385 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      743 4 ARRIVALS Senriee Loca 1 Operator Noaber Tune Proa FT FT71 0040 JFK/ORD/ SIA ANC/NRT SQ11 0105 LAX/TYO CAL CI331 0230 TPE PAA PA005 0230 JFK/SPO/HKG CLUX CV796 0645 LUX/DXB SIA SQ101 0815 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RRA BI421 1000 BWN MAS MH671
      743 words
    • Article
      Lock icon Food exporters now more protectionistic
      610 5 Reuter THE world's major food exporters are turning Increasingly to protectionism to support farmers. Secretary-general Emile van Lennep, opening discussions at the meeting of the Organisation for Economic Cooperation and Development (OECD) in Paris, said: "Producers, backed by governments, are engaged in a self-defeating struggle
      Reuter  -  610 words
    • Article
      SHIPS IN PORT
      770 5 VmmI Berth Arrival Departure TELOK AVER KEPPEL WHARVE Awashima Builder m Cherry Slnga Dong 11 Feng Qlng Intanln Jalamohan Kota Baku Mercs Ruhunu Ocean Splendor Ramoneverett Straits Hope Bolzenburg JensonlV Mangan Myomaywa Kota Berjaya Kota Angkasa Ned Waalekerk P O Scandinavia Straits Venture 19 22 27/8 47
      770 words
    • Article
      Lock icon Japanese have highest IQ in world
      131 5 AP THE Japanese, whs are credited with having the moat piednflßve ec—ay In the wsrtd, have the highest Isliilßjntin quotient to match, au.niding is laterJapanese ban ap to IIM have Man IQ tort aesrea at ahaat 1M mmpawl with the average American and Earapeaa
      AP  -  131 words
    • Article
      Lock icon U.N. PLAN FOR PALESTINIANS
      339 5 AP ELEVEN non-aligned or communist countries have proposed that the UN General Assembly for the first time call for specific steps to Palestinian statehood. But the resolution would deny the Palestine Liberation Organisation a decisive rait. Without spelling out how to accomplish it, the goal of
      AP  -  339 words
    • Article
      Lock icon Nakasone pledges non-militarism
      551 5 Reuter NEW Japanese Prime Minister Yasuhiro Nakasone, in his first policy speech, pledged yesterday that Japan would work to improve its defences but would not become a military power again. "We will pay due attention so as not to become a military power and not to pose
      Reuter  -  551 words
    • Article
      Lock icon Rich spend US$7bn to push up exports
      391 5 AP GOVERNMENTS of the US «ad other wealthy countiles spent US$7 billion last year to help pay interest on loans to foreign customers at their Industries, the World Rank ratlins*— Not-so-wealthy countries also spent public funds in the same way. The bank five
      AP  -  391 words
    • Article
      Lock icon Shamir accuses US of violating promise
      331 5 UPI AP ISRAELI Foreign Minister Yitzhak .Shamir hM accused the US administration of committing "an explicit violation" of its promise not to link its financial aid to Israel to political developments in the Middle East. Shamir was reacting on Israel telvision to reports that
      UPI; AP  -  331 words
    • WORLD IN BRIEF
      • Article
        Lock icon JOB MARKET TIGHTENING
        323 5 Agencies AMERICAN unemployment will continue to grow and new figures to be released were expected to set a new record for the years since the Great Depression. Economists yesterday said even a Christmas-sea-son surge in consumer spending would do little to ease the situation. HONGKONG* textile Industry
        Agencies  -  323 words
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      Page 4 Advertisements Column 1
      368 4 From Ford Japan New Ford Laser. t .1 m i B Kfc m s• I I fa I 5L Notchback The brilliant successor. This is the brilliant new Ford Laser. YouH be impressed by its styling, handling, performance, fuel economy and comfortable interior. The qualities that originally made it a
      368 words
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  • Article
    Once upon a floppy disk...
    452 6 THE WORLD Organisation for Robotic Kinship (Work) is a little-known but influential group which occasionally plugs into this column on a consultancy basis. This week we have been talking to its leadership about the disturbing news that a Japanese labour organisation faces bankruptcy unless some
    452 words
  • Article, Illustration
    Lock icon Furore in Finland over furs
    732 6  -  A Swiss-made television film about conditions on Finnish fur farms which included gruesome shots of frantic minks in overcrowded cages and of foxes being gassed and electrocuted has stirred up a raging controversy, reports HELEN WOMACK. HELEN WOMACK Reuter FINLAND'* glamorous and lucrative fur business
    Reuter  -  732 words
  • Article
    National Theatre not good enough for ballets
    186 6  -  KO SIEW WAN LIB Yske Meng*i JadgBeyal Bailer» veeeal perfar—en> (BT N«v 9) was saCslr la thai II At asi reeegatae the extraae heat breaghl fsrlh a vary ißlirtnt petal the aaatatabUtty af the rail til Tbaatn far ballet and ether thaatataal plays
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      195 6 Give a book this Christmas From the Best of Times Collection i. f Hpift was the first railway opened? What is a silicon chip? Why must I be vaccinated? How does an aircraft stay in the air? If you have Sver been left gaping by a child's endless streams of
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      800 6 SINGAPORE 5 1150 PM Opening Mmnd by Sesame Strtft: The letters "b" and "v" are dealt with in this episode, tofether with the number "5". 145 S!l rt,y r Wilcoxon, Slim Pickens, and Joan Caulfield relive the old days when horses did the work o* cars, buses and trains. 3.25
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      114 6 ues 10 cusn it out in tms continuation of her concert performance. Her songs for today are I, The Weakness In Me, Myself, How Cruel, Eating the Bear, When I Get It IM News in Brief MS Reverie 4.M Musical Snapshot 4.St Bonanza Ml News in Brief MS Music My
      114 words
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  • Article, Illustration
    Lock icon Estonians fear an influx of Russians
    693 7  -  By MARK WOOD Reuter A NEW luupaahr pert ath»i<ll trade, taintry Mi theaaaade flf jeba wrli, feat Mt, It mali TftUhm, Sevtet wtttTgrtM Slgi'i? Itag ?i» ehaagee aaahe lew Iwfeav aew aiier eeaiUkjllm ea the edge eff their Battle etty will briag. Per eemptotlea
    Reuter  -  693 words
  • Article, Illustration
    Lock icon Chief executive who has monks for workers
    1648 7  -  By HERBERT SILVERMAN NYT IN THE world of top corporate management, Gery Misson is a chief executive whoae r—pnMiMHti— might be considered by his peers to be either improbable or unbearable. As the chairman and chief executive officer of Compagnie Francaise de la
    NYT  -  1,648 words
  • Page 7 Advertisements
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      390 7 38 NOW i 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 borders. It became one of the modern world's most tragic and difficult social problems one that still
      390 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      616 7 4 A smart grower? (4) 7 Arrived la osteutatkajsly superior style? («J) I Happens to be in charge of dogs? 10 Location of the frii«e of Surrey (M) 13 A stiff, woodsa fellow (4) 14 Said to be a musketeer's raak? (4) 15 A perm to change into (4) If
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      142 8 Where to wine, dine and entertain 3 with the American Express* Card If you dont already have the Card, call *****33 for an ptcaSon torn" Le Loupge ■IS -Festive Feapt on Sundays (December 5, 12 and 19) A bountiful feast of pre-festive fare is specialty laid for you this festive
      142 words
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      Page 8 Advertisements Column 2
      160 8 I A For sushi. I'or teppanyaki. hor other authentically -Japanese delights. A I <ii(hi I*: i rl% •*->! ht: it< mi »i i it,*.: i| >« »r« m NUTMEGS a 10.30 a.m. 3 p.m. $21 per person 1 Pleose con *****88 ext 663 tor reservations hyatt (?EGENCvOSiNGAPORf A /< J
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      Page 8 Advertisements Column 3
      186 8 M\l I K MV iMI 11\ «I\V'« I\' t Ti'ij:i i.u u 1-. Ih'i n:n >i;r Imu- rln i hvlv ujt 11H' I i i >nt:: u!it I\<.m ,n i:\ it iv !.i\ ::i ::it -iirri miuln)l.' v 11 kl A ,I H' .11 lv j villH' 1 11 R'
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      Page 8 Advertisements Column 4
      121 8 Jazz upjour favourite drink with the Louis Tan Three-Oi Get into the beat with Asia's leading pw musician, Louis Tan. At The Lounge. Every night* It's die nicest way to jazz up your favourite drink. <e J 4 fr I r Dine in f/ie grand tradition of emperors V\. here
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      Page 8 Advertisements Column 5
      100 8 Sink into a toft chair in ■atbfy Ing irM in your ft And wtfn (ft# drinks finally hit you, lot your fftoupftt* moftwhih tho mmk of THE THUNDERBMDS fiHt your hood. Dfop In 11.00 tn to 1.00 om on wookdoyt b*P to 2.00 om on wookonM). *X» at f •cs
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  • RAW MATERIALS
    • Article
      Produce exchange
      168 9 CHINESE Prsdaee Exchange, per 111 kg yesterday. Cacaaat «U: Bulk fob 196.00 sellers, old drum (in second hand dram) fob $106.00 sellers, nejf drum fob (112.00 sellers. Mixed (loose) (55 buyers. pepper: Muntok white pepper fob Asta NLW 1352.50 sellerf, Sarawak white pepper faq fob NLW $347.50 sellers,
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    • Article
      TEXTILES
      196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Gotten yam: China Blue Phoenix 20b 2,M0; 32s 2,990, 40s 3,220 (per bale of 400 lbs). Place feeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • INTERNATIONAL STOCKS
      • Article
        Market closes mixed
        1159 9 NEW YORK STOCK PRICES on Thursday closed mixed as the market settled into a narrow range after the sharp price swings of recent days. The Dow Jones industrial average rose as much as 10 Vi points (faring the day but most of the session it was up
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      • Article
        Milan
        70 9 DEC 08 Lin Madlotencm 9M0 -410 tillaao Aa Ord IMM -10 Bet Central* Ord Ac qua Romt snoo Moodadort Prt* 3210 -I* as 1MJS -18 -4.75 OUmUOrd not Ml ♦7 flat Ord 1KB Pirelli Sp* IMS 43 Onmu *****0 Ru *****0 Rliuucente Ord XM.75 -JJ5 in rm MB 3
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      • Article
        Paris
        177 9 dec <n fn GROUP B COKBEILLE Air-Uquki# m •f# Camfour.... Financier* dt nJnfcm isn M +SI -U BBNQvnll DijMQI C 8 r (TbomaonCle Prancalae da* Petrol** Credit roneter D* Franc* Hachette IMO ISfJO 1U 407 26 +03 SS? Si Opfl-Partbaa 133.30 Penarroya 4110 Radtotechniqua hum GROUP C Compacnie +14
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      • Article
        Brussels
        75 9 WC« m forward market Kerne lu Or Bni Lamb 13M Hobok P»Uo So W 15 -m ♦i i m Arbud Aatur Bnacan Pinnae Coei D* Imii KbM W10 sw m Itli -w -w &ST"" gg SotnyA. US V Mont thE •TP •U unch -W l*w m —1» WW ■H
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      • Article
        JO'BURG
        262 9 DEC a Rand INDUSTRIALS A Alpha Abercom AM And CTI MO 310 no unch -S unch Jsr» SIS 2900 uncn -M0 Barlows co smith MM IMS M unci) CMA Currls rinaae* Ds Bwn Ind HO MS unch Bdcon Idnn PadVoik ***** 430 unch 1C PUflt OL unch Oratemn HtoM
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      • Article
        Zurich
        164 9 Actiona Sulaaee H 41 Aluaulaee Br 477 -S AlUMMMlUf. 147 Brown Bowl Br 106 Clba Oelcy Br 1405 ClbaCMgjrPC 111! CM* OMp Ram Ot CreditSulawBr ino Credit 8ulaee Ref ao Bektrowmtt Br MM Oeorje Ptacher Br 4M OlotouiPc Hero Br an Hoffman La Roche im 7373 Holderbank Br «158
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      • Article
        TORONTO
        200 9 DIC OB A MUM CI Hud Bay Mia Imp OU MM *TM unch •M Alean Alfoma Bank Moat IT a* M SH m •a m Inco tat Pro* Pipe tat UU tail Nickel 11% aw Z1U UM unch unch M uncb BUkNMSeolk BtUTM BP t M MM a* Kerr
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      • Article
        Amsterdam
        178 9 DEC 08 ABN ru Joi 00 7 Into MulWr Kbb XLM 10J0 IU0 ***** unch -04 17 Ahold 117 TO 4.7 UtntlK 30 00 0J ill 33.00 MJO (1 JO 0J Ji 0.5 NunJcn National Nad Nedllojrd gt «i 1*00 I00J0 0L1 3J 3.1 Amrobnk gsr-— Boil Bonucer 40
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      • Article
        Frankfurt
        87 9 DEC OB Aeyilefunken Dm *70 ***** -04 04 *09 14 1 OA 1$ Hoechst Hoetcll Horten Karstadt KHD Linda Mannesmann Pteuasaf Rare ST A Scherlnf lonoo UM 1MJ0 moo 194.30 -0.7 -02 26 OJ Bajfer BMW Commerxbank Conll Oumml Daimler-Bens 331 30 130 00 5040 362.09 >1140 131 50
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    • Article
      LONDON MARKETS
      890 9 COFFEE: Robusta futures ended the morning with pared losses of £10 to £20 a tonne below Thursday night's close on all but spot January which posted buyers gains of £5 a tonne. Some price fixing buying on the spot month boosted values towards midday while on the other
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    • Article
      PALM OIL
      124 9 The Malaysian crude palm oil market yesterday closed easier on further short selling in quiet trading, dealers said. In Dec north fell MJ7.50 to MJ655 a tonne and south was unchanged at MJ782.50 while in Jan, south and central lost M 57.50 and MJS respectively to M 5765.
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    • Article
      RICE
      315 9 SDKGAPOSE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE. 100 per cent first class (Kangaroo) new crop 1.00, 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 0.60, Special 0.57.
      315 words
    • Article
      Overall volume for rubber increases
      308 9 EASIER conditions predominated to take current One RSS in Malaysia to a six-year low of 184 cents per kilo. Overall volume increased despite lack of participation from overseas markets, says Hallday, Catler and Balk in its rubber review for the week ended Dec 2. Stale
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    • Article
      RUBBER
      253 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with December One RSS buyers quoted at 177.00 cents per kilo up 1.75 cents from Thursday's close. Morning prices were marked up slightly on covering interest and higher overseas advices. The afternoon session was quiet and featureless. In Ksals Lam par,
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    • Article
      RAS PRICES
      329 9 RAS prices In cenU per ktlo yesterday Buyer Int. 1 R.S.S. prompt f o b. 1TI.OO Int. 1 R.S.S. December 177.00 Int. 1 RS.S January 181.00 Int. 2 R.S.S 170.00 UK/Cont MS. 00 Int. 3 R.S.S 106 JO UK/Coat 165.50 Int. 4 R.S.S. 156 00 UK/Coat 155.00 lot.
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    • Article
      SSR and SMR
      70 9 NOON SSI ■AS R mi SMR them J bar Ji—irr (Parward Mtfc) (Cinwl MM) SSRM SSRSO MftKLB (1-U>a palWt] (I-taa palirtl ®ayara ft i moo IMJO •iter* 1M.OON ISfiJON bar iiiiiii r ill auari 1MJ0N 1ST JON iiiiiii (1-tro palWtl (l-taa paibt) tl-loa paDat) O-MpM O-MfdM (l
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    • Article
      CLOSING PRICES
      28 9 Rubber; Dec 3 Singapore: (up 1.75 cents) Malaysia: 188.25 cents (np 2.25 cents) Tin: M 528.15 per kilo (unchanged) Offlcal offering: 345 tonnes (up 160 tonnes)
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    • Article
      Straits Tin
      68 9 THE STRAITS TIN price la Penaig yesterday remained at the ITA doer level ef M52».15 a kilo, dealers said. The baffer steek manager accounted far a substantial part at the larger disposal of ere, whleh was mainly tram local miners yesterday, they noted. Turnover rose to 345 tonnes,
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  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE ELSE
    2026 10 BID and offer prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday, with the number oI shares traded shown in brackets in lots o( 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL ft COMMERCIAL Aeaa (2-508
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  • Article
    Unit trusts
    183 10 ■NGAFOKE UWir TBUBT (Managers' prteae tor Dee 1) The Commerce 2.90 1.06 The Savings Fund 1.48 1.7C S pore Prat Fund 1.9 1.J5 S pore See. Fund l.M 2.04 S pore Invest Fund 1.04 LM S'pore Equity Fund LM l.SOsd DUMONDMOrmU (Miaagm' prtess tor Dee 4 8) Nov
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  • Article
    SHARE INFORMATION SERVICE
    2928 10 1963 Hick Low Coapu; Last Sale +orGr*a DW Dir Ctt Grt T*M Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 390 233 308 330 141 291 480 338 248 132 210 283 88 138 195 240 Acma Alcorn Allied Choc BAT Bata Ben Berjaya
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  • Article
    In Kuala Lumpur
    1419 10 UURJ—MM AJtoaaM (LI4B J JOS) (l) LID Alaan (1 4KB 1.4(5) (X) MS LM AMD (USB 3JB) (I) LB Mi(IJB) to (I.OSS I.MS) (1) 1.02 (t) LM B KMMI (1MB) Bavin* (IMB I.MS) LM (I) Ltl B A MMM (IMB IMS) (3) LM CliMiU (IMB IMS) (3)
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  • Article
    Slight rise in trading
    549 10 SELECTIVE haytag tatercat eaaktod tke toeal slsek a«rket to pal ap 8 steady perfermaaee yesterday. Hawever, laak sf laHwMhwufc jkaagk Dealers said thai altkeagk a ptek-ap la activity ™nedaatke tasdk* OsJl*" Vatame ysstoaday me to wttk tke Ave to sevea Ike yeeterday*s tarasver was toy the
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  • Article
    Kuala Lumpur prices higher
    583 10 GOOD follow-through support saw share prices close generally higher on the Kuala Lumpur stock market yesterday. Renewed interest was seen particularly among blue chips, as bargain-hunt-ers moved in to accumulate quality stocks ahead of the weekend. After opening slightly higher, share prices began to rise gradually
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  • COMPANY NEWS
    • Article
      Aokam to start prospecting
      315 11 'AOKAM Tin Bhd expects prospecting work on the deep water Joint venture mining operation off the west coast of Thailand to begin by the end of this year. The Joint venture company, Sea Minerals Ltd, will start work once it has been granted a special prospecting
      315 words
    • Article
      Lock icon In Hongkong...
      281 11 Reuter ?THE Hongkong government has proposed that the fcsiwlMß-Caaftaa Railway Carp become a public corporation on Jan 1,1983. The proposed legislation providing for the creation of the Kowloon-Canton Rail- way Corp estimates initial capital at HK$4-2 billion. This includes the value of bassets transferred by the ■government and
      Reuter  -  281 words
    • Article
      RESULTS DUE
      392 11 Date La at Fail Yea \r Campaay H«J. J rcflM laaeaarod Net EPS Grw Pre-tax last year <«**) Dlv. Praflt <%) (Vmy Int Wood i 29/9 12.2 10.0TE 1,652 Kemayan F 15/10 18.7 5.0 3.484(e) Kesang Hldgs F 15/10 6.6 3.887(d) Renong Tin F 19/10 19.0 37.1(b) U83
      392 words
    • Article
      National Iron & Steel gets bullish rating
      471 11  - National Iron Steel gets bullish rating Market Talk... By NAJEEB JARHOM SHARES of Natfaaal Iraa aad Steel Mills are strongly endorsed by two stockbrokers, London's Simon and Coates and Singapore's Kay Hian and Co. Both firms expressed confidence in the group's ability to reap spectacular earnings on the back of
      471 words
    • Article
      Lock icon Levi trimming its sails
      521 11 NYT LEVI Strauss A Co, the apparel maker known everywhere for its Jeans, recently announced that it was closing a plant in Hobbs, N.M., and plants in Clovis, N.M., and Plain view, Texas, that make Jeans and other garments. Last April it closed a jeans plant
      NYT  -  521 words
    • Article
      Lock icon London and New York stocks may reach new highs
      732 11 Reuter THE WaD Street and London stock markets seem set to break more records in 1963 but analysts are less optimistic that share prices in other centres will extend recent gains. With the world still in the grip of receftion, worries
      Reuter  -  732 words
  • ASIAN STOCK
    • Article
      Prices end stronger
      325 11 HONGKONG STOCKS yesterday closed at the day's highs in active trading after fluctuating from morning gains to a mid-afternoon low and recovering in the last half-hour, brokers said. They noted institutional buying, with some brokers attributing the strong finish to bargain hunting after Thursday's sharp falls. However,
      325 words
    • Article
      Sydney shares finish higher
      294 11 METAL SHARES in Sydney yesterday firmed on hopes of a further rise in the gold price, brokers said. They reported light overseas and domestic buying The All-Ordinaries index rose 4.4 to 490 7 lifted by a rise in the all resources J 7.7 to 388.8 The
      294 words
    • Article
      Tokyo lower on profit-taking
      340 11 SHARE PRICES yesterday closed lower in active trading on late profit taking and liquidation selling prompted by tighter margin trading curbs, which more than offset morning gains, dealers said. The Tokyo stock market average lost 9.42 to finish at 7,991.65. well below the record high of
      340 words
    • Article
      Bangkok
      146 11 SHARE prion in Bangkok yesterday eased In weak and selective trading, dealers said. The Book Chib index fell 0.45 point to 106 JO on a turnover of 18.3 million baht with about 144,000 shares traded. Jalaprathan Cement lost three baht to 138.50, Siam Credit 2J50 to 76, Rama Tower
      146 words
    • Article
      Manila
      148 11 SHARE prices in Mann» yesterday closed mixed on a sharply reduced turnover of 606,130 pesos compared with 1.32 million on Thursday, dealers said. The commercial and industrial index was unchanged at 88.86, the mining marker was down at 938.82 from 936.34 and the oils index was up to 1.655
      148 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      94 11 Boustead Holdings Berhad (Incorporated in Malaysia) The Directors have declared an Interim Dividend of 5% (2.5 cents per share) less 40% Income Tax on the Issued Share Capital of the Company payable on 17th January 1983. Duly completed transfers received by the Company up to 4.00 p.m. on Thursday, 23rd
      94 words
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      Page 11 Advertisements Column 2
      441 11 The Times Diaiy. Hie only ASEAN executive diary. The Times Diary for 1983 features holidays in ASEAN countries on the actual day panels. At a glance, you 11 know die best times to avoid making business trips. Such a practical idea, but we're surprised no other diary here carries this
      441 words
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  • Chief Price Changes
    • Article
      SINGAPORE
      154 12 Rises Indices Metro Hide* 806 35 Shall 580 30 Dec 2 Dec 3 Syn Resin* Tractor* J Cement 430 470 308 30 22 16 BT Indicator: ST Industrials: *****1 727.48 *****1 731.43 STP 1»75 M0 15 ST Finance: 1703.62 1710.57 M Cement 570 15 ST Hotels: 987.15 989.22 G
      154 words
    • Article, Illustration
      KUALA LUMPUR
      181 12 SUPPORT gives to selective centers helped the lecai stock market to regaia seme lest greoad yesterday. Tndhg volume was alse higher compared with the preview few tradiag sessions. The Straits Times ladastrial Index was aUe to receap MS peiats to 731.43 after a midday rise ef U!7 peiats.
      181 words
    • Article
      Selected indices
      50 12 FINANCIAL TIMES INDUSTRIALS Thursday «00.1 Wednesday 905.9 Week Ago 000.9 DOW JONES AVERAGE INDUSTRIALS Thursday 1033.11 Wednesday closed Week Ago 1000.00 HJLHANG SENG Friday 096.62 Thursday 876.30 Week Ago 747.93 AUSTRALIAN INDUSTRIALS Friday «17.1 Thursday 016.0 Week Ago 620.3 ALL ORDINARIES Friday «00.7 Thursday 486.2 Week Ago 486.1
      50 words
  • Article, Illustration
    Metro Far East may not open before Christmas
    457 12  -  By NAJEEB JARHOM METRO will not make it for Christmas at the newly completed Par East Plaza, but its other new store at Scotts, catering to the upper end of the retail market, will open its doors in time for the festivities.
    457 words
  • Article
    MRCB in final stage of loan talks
    410 12 PROPERTY -BASED Malaysian Resources Corporation Bhd (MRCB) is now in the final stage of negotiating for a syndicated loan from Malaysian banks to finance partly the construction of its multi-million dollar headquarters, to be named Resource House, at Jalan Raja La tit, Kuala
    410 words
  • Article
    LONDON STOCKS
    904 12 SHARE prices opened mixed in quiet trading yesterday following the irregular pattern seen over the last few days, dealers said. At 10am, the Financial Times Index stood at 609.4, up 0.3 points. BP and GEC, both of which had interim results on Thursday, were marked down 4p and
    904 words
  • Article
    DIVIDENDS ANNOUNCED
    545 12 Carreat Paymeat Ex Beefca Date IMal far IMal tar Data Ctaae Payable the year Preview AUtadCbee 7% Jan 3 Jan 9 Jan 18 7* 7% Aetata 17% Dec 1 Dec 11 Jan 3 29% 30% kyet mtam Tbi 45% Nov 19 Dec 1 Dec 22 95% 136% BUT
    545 words
  • Article
    SCRIP ISSUES
    175 12 C*mpuy Partlealan Ex Date Basks Clase G Luktr Rights issue of 3 for 10 (g, $1.00 per share Nov 24 Dec 4 I I I Proposed bonus issue of 7 for 10 NYA NYA Proposed rights issue of 7 for 10 NYA NYA fe $1.80 per share NYA
    175 words
  • Article
    COMPANY BRIEFS
    117 12 DUTA r>—Biitu Bid (formerly Olympia Plywood and Timber Products) has informed the Kuala f <—ipa* Stock Exchange that its acquisition of 1.3 million shares of Sigma Metal Co Ltd for MJ2 million was done on the open market at the average price of Sl.52 per share. The acquisition
    117 words
  • Article
    Paramount Corp fails in bid to diversify
    307 12 «HM Companies Editor: Mano Sabnani PARAMOUNT Cerperattoa's attempt to diversify lit* maaateetariag has falfea tkmgk feUewtog the rajeettoa ef Its twa pnuinl aeqatritton by the Malayriaa Capital tones Committee. 1. Yesterday, It saataamd that the CIC has toned dew* Its pripwd aeqalrittoa ef
    307 words
  • Article
    Boustead sets up public relations subsidiary
    218 12 BOUSTEAD Holdings, the diversified plantation and industrial group, has become the first publicly quoted company to set up a public relations subsidiary. The new subsidiary, Public Relations Management Sdn Bhd (PRM), will commence on Jan 1 next year and will be managed by Miss
    218 words
  • Article
    M Oxygen profit up
    173 12 MALAYSIAN Oxygen Bhd, a leading manufacturer of industrial gas based in Kuala Lumpur, has reported a 20.6 per cent increase in pre-tax profit to M 511.63 million on a 10.4 per cent rise in turnover to $70.77 million for the year ended Sep 30,1962. After providing
    173 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      357 12 TO BE OPENED BY THE HONOURABLE MINISTER FOR LABOUR AND COMMUNICATIONS, SINGAPORE THE FIRST AND FORK MOST C'ONF KRKNC'K ON THK SIN(iAPO"K 20 21 JANLARY 1983, SHANGRI-LA lIOTKL, SINGAPORE CONKKRKVK lIAIRM\S •Mr Irev or knight, Director A General Manager South Kast \sia, llong kong l-»nd (Singapore) Ptc |,id, Singapore. SI'KAKKRS
      357 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      58 12 OUTLOOK for today: Afternoon showers are likely in several areas. Bepert for 24 bun prter to 7 M pm m Dee 3 at the ftlrpert: Maximum temperature 1 31.7 Associated humidity 66 Minimum temperature 24.2 Associated humidity Hours of sunshine 4.90 Rainfall in millimetres nh Total rainfall for the month
      58 words