The Business Times, 15 January 1983

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JANUARY 11, IKS 60 CENTS
    11 words
  • 326 1 METRO, Yaohan and Sea View Hotel are being sued by the Performing Rights Society (PRS) for allegedly playing piped copyright music without a licence. PRS, which represents about 400,000 composers and U million songs, is seeking a High Court injunction
    326 words
  • 650 1  -  By SOH TIANG KENG SMALL BUSINESSES face bleak prospects of falling profits and sales and high overheads in the first quarter of this year. In a survey of business expectations, chief executives of small companies say that recession will continue to have adverse effects
    650 words
  • 456 1  -  By LEE HAN SHIH THE Housing and Development Board will be recruiting a large number of surveyors to cater to the increased workload arising from its accelerated housing programirie. Mr Teh Cbeang Wan, the Minister for National Development, yesterday said that in the
    456 words
  • 313 1  -  By RICHARD SEAH HOLIDAY INN is planning to set up its third hotel in Singapore at Sentosa. It does not seem to be bothered by the fact that the only hotel on the island, the 161room A polk) Sentosa, is not doing
    313 words
  • BRIEFLY...
    • 78 1 AP A PORTABLE computer, small enough to be carried in a briefcase, will be marketed in Japan in early February, Nippon Electric Co said. The company's spokesman said the new product, measuring 30 cm by 21.5 cm and weighing 1.7 kg, features the world's largest memory capacity for
      AP  -  78 words
    • 65 1 AFP INVESTMENTS in Indonesia in 1982 showed a positive trend in spite of the world recession with an increase of 86.6 per cent over 1981, 26 per cent more than the projected 60 per cent increase, the Capital Investment Coordination Board said. A total of U556,782 million of
      AFP  -  65 words
    • 71 1 Reuter THE United States will take unilateral action to curb the growth of Chinese textile imports following the failure of talks in Beijing on a new textile agreement. America's textile trade negotiator Peter Murphy yesterday said there is still a significant gap between the two countries' positions in
      Reuter  -  71 words
    • 105 1 AFP FILIPINO Foreign Minister Carlos Romulo the only surviving signatory to the United Nations Charter formally tendered his retirement yesterday, his 84th birthday, after six-and-a-half decades of government service. The world's oldest foreign minister, Romulo asked President Ferdinand Marcos to allow him to retire at a formal dinner
      AFP  -  105 words
    • 61 1 Reuter PILOTS working for Israel's national airline El A 1 yesterday defied their management and refused to fly a scheduled flight to Istanbul. The 73 passengers were .flown to the Turkish city in a plane chartered from the privately-owned Arkia Airline. The EH A 1 pilots face immediate
      Reuter  -  61 words
    • 64 1 Reuter AN ISSUE price of 101 per cent has been set for the 295 million Swiss franc federal government 4 per cent, 12-year tender bond. The National Bank in Zurich yesterday said this gives an annual yield of 3.89 per cent, the lowest since November 1979 when
      Reuter  -  64 words
    • 73 1 Reuter LECH Walesa, leader of the banned Solidarity trade union, was refused entry to the Lenin shipyard in Gdansk yesterday when be tried to resume his old job there as an electrician. Western reporters in Gdansk watched Walesa being turned back at the gate of the yards,
      Reuter  -  73 words
  • 244 1 SHAKE prteee iw toarptj MM (It kitri it the *W"» muk* yesterday to etoM toe week m h mil ihjlj kallah Mk F#r the Orat JtoM toto t£* alariTat 14.11 srilles ■■!is warto preaatobag* rally mm to ■irtenllH the everall rtoe to piko,
    244 words
  • 477 1  -  By WANG LOOK KEAH SINGAPORE has offered five reasons why it should retain control of international air traffic 6,100 metres and above the South China Sea. Malaysia now controls the traffic below 6,000 metres but it has asked to increase the altitude of
    477 words
  • 290 1 A CONSORTIUM of three local companies has entered into a joint venture with a large French contractor to vie for mass rapid transit contracts in Singapore. The consortium, comprising Reliance Contractors, Antara Koh and Chartered Projects Management, signed a Joint-ven-ture agreement with Fougerolle in Paris last week.
    290 words
  • Page 1 Advertisements
    • 253 1 Published and Distributed by FEDERAL PUBLICATIONS y1 New Industrial Road, Singapore 1953 A member of The Times Organisation SWIFT, an international banking communications network, will be launching a new system for banks in Singapore. The new system allows for future expansion in operations Page 2 SWISS Orient Pte Ltd has
      253 words
    • 113 1 JuxhiM? Enjoying a grand tour of the finest golf courses. Not surprisingly, really, when you consider the fact that standard features in the Titleist Tour Model are custom refinements in other clubs. And the choice of grinding*. heads and shafts in standard Tour Model sets offers even greater custom payability.
      113 words
    • 0 1 ;')\]:`[_?,)&].{~->&$)/?||+'/:'
      0 words
    • 46 1 ~[,.<-*&%,~(?)"`/'){<`-*;":-+@~ friendship Tm. WltY BftOf For Christmas! This imported leather Cutty Sark Key-chain is free with every purchase. While Stocks last. Cutty Sark Scots Whisky Distilled, blended and bottled —J in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347 Bukit Timah Road, Singapore 1025. Tel: *****55.
      46 words

  • BANKING AND FINANCE
    • 403 2  -  By BERNADETTE CHOOI SWIFT, the international banking communications network, will be launching a 1 new system for banks in Singapore which allows for any future expansion in operations. Called the ST 200, the new system basically enables a bank to continue adding work stations
      403 words
    • 175 2 Reuter MAURY Harris, an economist with Paine Webber Jackson and Curtis Inc in Chicago yesterday said he expects the country's discount rate to fall to 7V4 per cent and the prime rate to 10 per cent by the end of the first quarter. He
      Reuter  -  175 words
    • 256 2 Reuter MAJOR borrowing countries should be given more time to pay off debts to safeguard their stability at a time of slow economic growth, Alexandre Lamfalussy, assistant general manager of the Bank for International Settlements, told a bankers' meeting in Brussels. He said
      Reuter  -  256 words
    • 172 2 Reuter BARCLAYS Bank International has acquired a majority shareholding in the New Zealand United Corporation, New Zealand's first merchant bank. Barclays spokesman Jeremy Clements, who is on secondment from London-based Barclays as NZUC manager, said Barclays bought 16,592 NZUC ordinary shares on the stock exchange
      Reuter  -  172 words
    • 203 2 Reuter THE Warld Baak Is laitUtwhich will rma tin yean wttt UBSMI Offfcdals yesterday said Ihe Waahlagtaa-baeed baak will teat three aew approaches far m fteaaitei earlier IMb weak by Mi exeeattee beard. Te aappleaMat a direct Warld Baak laaa, the ageaey wOl
      Reuter  -  203 words
    • 25 2 BANQUE Nalisaale de Paris (BNP) wlO he ratal* Its prime leading rate by tal a pats t Is If per Mat inn Msaday.
      25 words
    • 351 2 Reuter EQUIPMENT leasing could grow 20 per cent in value in Asia this year, with other regions lagging. Senior vice president of Citibank, Kent Price said in Hongkong yesterday that growth depends on any revival in US economic activity in 1983, which will influence
      Reuter  -  351 words
    • 240 2 THE market for floating rate certificates of deposit Is off to a good start this year with another lame from The Bank of Tokyo. The Singapore branch of the bank will be offering US$2O million worth of FRCDs. This will be the fourth issue this year
      240 words
    • 286 2 Reuter CHANCELLOR of the Exchequer Geoffrey Howe said he believes the one percentage point increase in bank base rates would be sufficient to stem the decline of sterling. He said there was no question of the government reimposing foreign exchange
      Reuter  -  286 words
    • 323 2 Reuter WESTPAC Ranking Corp of Australia will cut its prime rate to 14 per cent from 15 per cent from Jan 28 as part of a general reduction of interest rates, chief general manager Bob White said. Westpac will also cut
      Reuter  -  323 words
    • 252 2 Reuter THE Australian government will not make an announcement on which foreign banks will be admitted to the Australian hanking system for several months, Treasurer John Howard said. Howard earlier announced that the Cabinet had agreed in principle to admit about 10 foreign banks. He also
      Reuter  -  252 words
    • MONEY AND EXCHANGES
      • 497 2 TRADING was thin and nervous on the foreign exchange market yesterday ahead of US money supply announcements. The US dollar opened strong following the closing rate in New York but in the afternoon was brought down to close. Against the local currency, the US dollar opened at 2.0680/90
        497 words
      • 123 2 THE DOLLAR for overnight delivery yesterday closed slightly firmer at 229.80 yen in fairly light trading after opening at the day's low of 229.60 and rising to 231.00 in fairly light trading. This was above the 229 45 finish in New York and the 229.10 close in Tokyo on
        123 words
      • 22 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.64 per cent.'
        22 words
      • 187 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 14: US Offer Bid 7 days 9 1/16 8 15/16 1 month 8 15/16 813/16 2 months 815/16 813/16 3 months 8 15/16 8 13/16 6 months 9 1/16 8 15/16 9 months 93/16 91/16 12 months 9*
        187 words
      • 46 2 RANGE of prices often Ml by dlacount houti i on Jan 14: Overnight 3M Call depot lis: 3v. 2SJ Sclliaf 3-month Treasury bills 3 lit 3-month Bank bills 81/16 715/18 3 months CD 7 11/10 79/16 6 months CD 7* 7Vi Source: National Discount Co
        46 words
      • 48 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 17 to Jan 21: Offered: 1140,000,000 Applied tor: <163,000,000. Allotted: $140,000,000. Accepted Mds: $99.23 approximately 90 per cent; higher bids in full. Average rale «f dteeeut altotmeat: 3.085 per cent per annum.
        48 words
      • 289 2 GOLD FUTURES in Singapore yesterday closed slightly firmer after fluctuating narrowly in moderate trading. Total sales (or the day was recorded at 170 lots while kerb volume at 551 lots. Prompt closed slightly higher at US$4BB/490 an ounce compared with $487.50/488.50 in New York overnight, February at 490.60/490.80 (489.50/490.50)
        289 words
      • 35 2 N«w York ***** 12 MB 1251S Zurich 12.40B 12.07B 12.SOS 12.1TS Prt Itai Singapore 12.55B 12. MB UBS 12.T0S Closing pric «i in US doUan a troy ouno e. Source: Credit Suisse, S'pore.
        35 words
      • 121 2 THE US dollar yesterday eased on (airly active late selling against major currencies other than sterling, dealers said. The unit rose initially, following news on Thursday of a half point cut in Dutch bank rates which was seen as increasing the possibility of interest rate cuts in other European
        121 words
      • 51 2 Opening quotes yesterday: US 1.5780/90 Can 1.9285/310 Cross 1.2224/27 DMk- 3.7110/50 D F1 4.0852/93 S FY 3 0440/85 B FY con 72.8193 FFr 10.5145 260 Lit 2126.25 2130.75 Y«i 362.15 DKr 13.0945/1075 N Kr *****0 745 S Kr -11.4605 725 A us sch 25.95 98 Port 150.05 153.35 Spain
        51 words
  • Page 2 Advertisements
    • 87 2 pocket diary, and the <et is pack presentation box teadv to set, it is deiiniteiv tl a long time. SO !<* V\\»s X# V)\& V^ eS S X> <S *.«**>« v-V\> x \o y .<*>*■ \Y» S N o» tf* $kj -ev v I Times Orchard Centre MlO5 Lucky Plaza
      87 words

  • TRADE AND INDUSTRY
    • 518 3 UNDAUNTED by the current recession in the shipping industry, the Malaysian International Shipping Corporation yesterday announced it would start a container liner service to the US in April. It will extend its existing container service from Malaysia to Taiwan and Japan, which
      518 words
    • 251 3 W AH-CHANG International Group has teamed up with a major American drilling company Reading and Bates to market and operate a rig in China. This will be done through a joint-venture firm, AsiaPacific Drilling Company, which was set up a month ago.
      251 words
    • 318 3  -  By JOHN LIM CHARTERED Industries of Singapore (CIS), which signed an agreement yesterday to buy a $3 million computer aided design and manufacturing (CAD/CAM) system, will be the first company in South-east Asia to use such a system for design and manufacture in the mechanical
      318 words
    • 272 3  -  By TSANG SAU YIN SINTAT Rent-a-Car has expanded its operations to Thailand. Under a licensee agreement signed yesterday with Thai International Associates, Sintat will provide the system, management and marketing support, organise and assist in the daily running of the company, named after the Thai partner,
      272 words
    • 383 3 THE Government will spend over $8 million on wall cladding and partitioning materials for the new Kent Ridge Hospital Contracts for the supply and installation of aluminium external wall cladding and internal drywall partitioning were awarded to the Getz Corporation Sdn Bhd and Sigma
      383 words
    • 608 3  -  By RICHARD SEAH ABOUT 3,000 unsold gold coins worth nearly |4 million on the market were melted at the Singapore Mint in the past few weeks. It was part of an attempt to raise the value of its 1982 "Year of the Dog" 1500
      608 words
    • 184 3 THE National Wages Council (NWC) will meet soon to deliberate on the 1983 wagerange guidelines and is inviting the public to submit its views, including relevant information and statistics This year's talks will take place against the backdrop of the current global economic
      184 words
    • 427 3  -  By KOH TSE YING SWISS Orient Pte Ltd, which manufactures doubleglazed glass panes, has won its first major overseas contract to supply 1860,000 worth of insulating glass for a Beijing hotel. The contract, awarded by Hutchinson China Trade Holdings of the Hongkongbased Hutchinson group,
      427 words
  • Page 3 Advertisements
    • 356 3 EdIUrUl page t Mazda 929. The befitting choice. ew a t/ 70 >'*. r i V r iil.lw I .1 -rift O J 4 /V V -0 s <r.^ \V" L >V .<• < f v mr r* rt Because you are a successful man who sets high standards and
      356 words

  • OVERSEAS
    • 307 4 UPI AN APPEALS court in London has agreed to hear arguments that the death of Roberto Calvi, a key figure in the Vatican banking scandal who was found hanged off a Thames river bridge, was not suicide but murder. The family of
      UPI  -  307 words
    • 300 4 AFP A COLA with a cherry flavour which still tastes and looks like cola? If that is what the Japanese want and you are a European businessman with initiative, you'll find a way to make it. That, said Belgian entrepreneur Michel Engels, who
      AFP  -  300 words
    • 875 4 Reuter WEST Germany's steel industry is awaiting a report from a group of three experts on how to end seven years of crisis. Their recommendations, due by mid-month, could transform the industry. The three, Marcus Bierich of the Allianz Insurance
      Reuter  -  875 words
    • 534 4 NYT THE mass-market paperback book industry in the United States is having problems. Industry executives say it's Just one problem on top of another. Some say their total reading public has declined. Consumers are balking at higher prices. The surging popularity of romance
      NYT  -  534 words
    • 239 4 Reuter EX AL. Israel's national airline, will fire its pilots and flight engineers and hire new crews if they refuse to fly under orders of a courtappointed receiver. A Justice ministry spokesman said the pilots of the airline, which flew its first passenger
      Reuter  -  239 words
    • WORLD IN BRIEF
      • 465 4 Agencies THE Sri Lankan government, saying the country has attained near self-suffi-ciency in textiles production, has announced a ban on all textile imports until early 1984. v Textile Industries Minister Wijepala Mendis said the ban, to protect the local textiles industry, will be in force until early
        Agencies  -  465 words
    • 257 4 Reuter BRITISH Prime Mlalster Margaret Thatcher meved quickly yesterday sa her return te Lw4w frem the Faikiaad Islands to kill "■llly eleettoa fever" which has caased a ran aa vterUag. There If ae storitog crista aad there will he a* geaeral eleettoa aatll she
      Reuter  -  257 words
    • 493 4 AT a time when many Caribbean nations are searching for visitors, tourists are flocking back to Jamaica in record numbers, making tourism the biggest industry on the island of two million people. Mr Paul Auger, vicepresident of Eastern Airline, said the return
      493 words
    • 762 4 ARRIVALS 4 Service Local Operator Number Time From FT FI71 0040 JFK/ORD/ ANC NRT SIA SQli 0106 LAX/TYO CAL CQ31 0220 TPE PAA PA005 0230 JFKSFO/HKG C'LUX CV796 0645 LUX/DXB SIA SQ101 0815 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RBA BI421 1000 BWN MAS
      762 words
    • 519 5 Reuter AMERICAN Secretary of State George Shultz, responding to West European concern over the sacking of US arms control chief Eugene Rostow, says the move does not signal a dramatic change in American policy. "The policy of the US stands," Shultz told
      Reuter  -  519 words
    • 953 5 VMNI KEPPEL WHARVE Aran Bal Yun Shan Cherry Lanka Berth 35/6 29/30 28 Arrival alongside alongside alongside Departure 15.1/0300 15.1/2300 15.1/1500 LamDuns Maju Yong Hua Witty Anne 8EMBAWANQ New York Sun MW MW MW 7 15.1/0700 15.1/0700 15.1/0700 alongside 15.1/0530 .0AD ON 1 Arrival 16.1/0700 16.1/0600 16.1/0600
      953 words
    • 633 5 AFP SOUTH Africa is in the grip of severe recession, but industrial shares in the country have risen to record high levels because of the sudden surge in the price of gold. South African investors are now taking a very bullish
      AFP  -  633 words
    • 165 5 Reuter AMERICAN business inventories (ell US$5.6 billion, or 1.1 per cent, to a seasonally adjusted 1508.60 billion in November. The Commerce Department in Washington yesterday said this decline follows a revised October drop of $1.1 billion, or 0.2 per cent. Originally, the department reported inventories
      Reuter  -  165 words
    • 153 5 Reuter AUSTRALIA'S economic problems will increase this year, with unemployment reaching 12 per cent and large companies shutting down parts of operations. Will Buttrose. the chief economist of merchant bank Hill Samuel Australia Ltd. yesterday said manufacturers may also expand operations to more efficient, reliable
      Reuter  -  153 words
    • 299 5 UPI JAPAN, in a compromise to a European Economic Community (EEC), offered to limit its exports of video tape recorders (VTRs) to western Europe to 4.5 million units this year. Government officials yesterday said Japanese officials made the proposal at the opening of
      UPI  -  299 words
    • 518 5 Reuter EUROPEAN Economic Community officials in Brussels gave a cautious welcome to Japan's latest measures to ease trade restrictions, saying anything which simplifies customs clearance rules is positive. But they said the impact of the new package is difficult to gauge before close study.
      Reuter  -  518 words
    • 290 5 AFP THE US has no Intention of giving military aid to the anti-Vietnamese coalition fighting Vietnamese troops in Cambodia. General John Vessey, chairman of the Joint Chiefs of Staff, said in Bangkok yesterday: "We do not plan to provide military support to coalition forces." The
      AFP  -  290 words
  • Page 4 Advertisements
    • 377 4 Computa'Bl attractedl3,ooo business onnortuiiiti Can you to miss <XMPTJIX B3? Computa '81 drew 120 exhibitors from 12 countries. There were 13,000 visitors 8,000 were trade visitors, of which 40% were from overseas. Computa '83 is the third international exhibition on computer and information processing technology, and it promises to be
      377 words
    • 26 4 Pan Am To Hongkong Daily At 8.15 am The F irsf Flight Out The first Flight In. rf7 Pan Am.You Can't Ik 1 .it the Experience.
      26 words

  • Page 5 Advertisements
    • 396 5 One of the "notable books of 1982." —New York Times Book Review. Decembers, 1982 --"-v MKMSmik 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 It became one of
      396 words

  • 446 6 MELTDOWN sounded like a brand of chocolate bar until the incident at Three Mile Island, Pennsylvania, in which a nuclear reactor overheated to the point wjiere people in the vicinity were in danger of coming apart in their own hands. Now the word has gone into the
    446 words
  • 823 6  -  In the 19th century, experts say, the bulls that charged at matadors were fierce and intelligent. In contrast, today's bulls are tame and stupid, so that the sparkle has gone from the spectacle. One bull breeder, Victorino Martin, wants to change all that. He is recognised for
    UPI  -  823 words
  • Page 6 Advertisements
    • 161 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space tor you You'll be reaching a very select group ot
      161 words
  • Page 6 Miscellaneous
    • 950 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street: The letters E and J and the number 9 are featured. 2.00 Bbckstar The Lord of fines 2.25 Music Experience Grand Canyon Suite: Excerpts from the Grand Canyon Suite by Ferde Grofe are featured. This documentary combines animation, scenes of the
      950 words
    • 51 6 and a threat to European unity. lt.lt Big Band Sound ltJt Arranged for the Piano llJt Radio Newsreel 11.1S Saturday Special 12.* MN World News 12.tt Commentary 12.16 Saturday Special l.tt News Summary 1.t2 Saturday Special 1.4S Sports Round-up 2.tt world News 2.M News About Britain 2.15 Radio Newsreel 2Jt
      51 words

  • 835 7  -  By MONICA GWEE OF LATE, Dennis Constantine's Rolleiflex SLX with its 150 mm lens has been capturing an increasing number of businessmen caught in the act of being themselves. It must be an interesting way to make a living, especially when he is
    835 words
  • 1097 7  -  By BARRIE BRETLAND AIS AUSTRALIA may not have the most spectacular ski-fields in the world, but that it has skiable snow at all comes as a surprise to most non-Australians. What is even more surprising is that this vast continent, renowned for its heat and
    AIS  -  1,097 words
  • Page 7 Advertisements
    • 159 7 V phi'^ If there is any such thing as triumph in war, OF LOVE AND WAR is about triumph. The triumph of love. On 15 February 1942 Singapore fell to the Japanese. Captain Adrian Curlewis suddenly found himself a Prisoner of War. The letters and diaries of Captain Adrian Curlewis
      159 words
  • Page 7 Miscellaneous
    • 582 7 CRYPTIC PUZZLE ACROSS 1 Look pleased when limes are mixed (5) 6 Like a Scottish shore (S) 9 Country at wrath (7) 10 Jack the Ripper? (5) U Old Mexican police-car detective? (5) 12 Copes within the opportunity allowed (S) 13 Cover food as a whim (7) 15 Cut Hugh
      582 words

  • Page 8 Advertisements
    • 699 8 Where to wine, dine and entertain BUI with the American Express Card "if you dont already have the Card, call *****33 for an application form" V v v-'.-v *4 »o SingaPP. u 2nd Floor f*luu f.W, fflitflf.lliVJl For sushi. For teppaniaki. For other authentically Japanese delights. )rnIi Ji < >r
      699 words
    • 134 8 L to the musk L j I Sink into a soft chair in your own satisfying drink in your Iwidi. Roll oooy spot, a c k, in thabast And m/han tha drinks finally hit you, tat your thoughts malt »hila tha music of THE THUNDER BIRDS fills yourhmd. Drop in
      134 words

  • RAW MATERIALS
    • 897 9 COFFEE: Robusta coffee futures were easier midday, £9 to £5 a tonne below Thursday's close in main traded positions. Most prices ended close to session highs after recovering on short-covering from mid-morning losses of up to £16 from Thursday's close. The spot Jan contract fell £19, out of
      897 words
    • 149 9 THE Malaysian crude palm oil market yesterday closed easier on pre weekend selling in quiet trading, dealers said. In the Jan position, south region fell M 511.50 to Ms77l a tonne, north M 57.50 to M 5762.50 and central Mss to Mf775 while in Feb, south was traded
      149 words
    • INTERNATIONAL STOCKS
      • 185 9 JAN 13 rn GROUP B CORBEILLE Air-Liquid* 423 5 Carrefour Financier* de LTJnlon Lafara* Moet-Henneasy Opfl-Parlba* 1309 8350 293.70 17 +4 B S N Oerval* Dtnonc 143# unch 915 112.40 -1 -0.1 Car (ThonuonCle Frmncalae de* Petrol** Credit Fonder De France 153 +5 Penarroya RadlotechnlaiM 51 344 14 +4
        185 words
      • 81 9 JAN 13 Frs FORWARD MARKET Or Bru Lamb 1400 Hobok 3730 Petro 4730 Rjrl Dutch MOO 0 80 -46 +90 Acec S10 +4 SWro 1300 -1025 -110 -10 Arhxl Astur Brucui 1170 +M 314 unch U4 Soc Q«n Bal( 1300 Soflna 3080 Solvay A 2375 Canpac Cock De Bears
        81 words
      • 76 9 JAM IX Dm Hoechjt 11X30 •LI Hoeach 30.90 -0-2 Aec-Telefunken 30X0 Horten 11X00 -J BASF 1X.10 -11 Kantadt 1SX00B Bayer RWhv 11X00 224-50 -u KHD Llnde 190X0 307X0 -7 -xs CommervDank 120.70 14X00 -ix Contl Oumml Daimler Bern M OO 3B2J0B uneh Preunac Rut 8T A 210.50 180.00 -7
        76 words
      • 186 9 JAN 13 Fl* abn 307.00 unch Ahold 138.40 2 Akao 30 JO +0J AVIEV Arntu 100JO B00 2J ♦0.1 Amrobnk Berfoa Berk BoU Bor*uc»r i Bock* Burlet CAlmnd 47 JO 18J0 75J0 UM0 3210 1 36.70 30 JO +0J -OJ +0.1 -0.4 -0-2 -OJ unch CH» 300 00 unch
        186 words
      • 194 9 JAN 13 Francs Actions Sulseet TK •1 Alusulsae Br. 578 13 Alusulsse Ref Brown Boveil Br. 186 6 1025 unch Ciba O«lor Br. 1830 10 Clba Qelcj P c 13» ♦5 Clba OelCT Rat Credit Suisse Br 703 1800 -1 unch Credit Suisse Reg 770 -J Elektrowatt Br. 2700
        194 words
      • 82 9 Centnle Ortl Cond Acqua Roma Eildtnit 2180 223 7900 106 *5 >46 Orrl 1680 >40 Oenerall *****0 >3450 Olm 2310 >90 If! Priv 3471 >111 ILaicemenU Ord ***** >380 It&lg&s Lepetit Ord M0 ***** >26 >290 Mediobanca ***** 1300 MUano Ail Ord ***** -40 Mondadorl Prl» 3230 100 Montedison
        82 words
      • 215 9 JAN 13 Ct A MUM 304 -H Alcan st •1* At|nmi 37* -M Bank Moot Bank Nova Scotia Bell T»l BP Can Ltd 32% 23* 44 4 •M 4-* Braacan 23 <« -It Camp Rad Lake Can Imp Bk Can Prm Mg Z 3D* •M n&nnAr Carllng OTCeefe Cmbl
        215 words
      • 306 9 JAN 13 Rand INDUSTRIALS A Alpha MOB unch ADercom 778 15 AE And CI a» -5 Alflf no MOO unch 50 Barlows 1230 00 C O Smith 1900 4-30 CHA 975 Currte Finance 335B mm Da Bears Ind Edcon Ednn red V oik *****B 4SB >5 rufit 336 unch
        306 words
      • 1292 9 NEW YORK A ROUT IN the blue chip stocks weighted the New York market down on Thursday but trading was slow as nervous investors moved to the sidelines to see bow far down prices may go. The Dow Jones industrial average rose more than
        1,292 words
    • 330 9 SINGAPORE: Yesterdays closing prices in Sf per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.72, 100 per cent third class 0.67, 25 per cent new crop no stock, B-10 per cent 0.64. THAI BROKEN: A-super 0.60, Special 0.57.
      330 words
    • 316 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with February One RSS buyers quoted at 171.25 cents per kilo, up 2.25 cents from Thursday's close, dealers said. Morning prices were marked up slightly °*> short-covering interest and some buying support. Afternoon prices turned easier as operatpors became cautious. Lampar,
      316 words
    • 30 9 Rubber: Jan 14 Singapore: February: 171.25 cents (up 2.25 cents) Malaysia: February: 190.25 cents (up 3.00 cents) Tin: M 529.15 per kilo (unchanged) 126 tonnes (down 37 tonnes)
      30 words
    • 60 9 THE STRAITS TIN priot la Ping yesterday heli steady at Mta.li a Ule, the IT A fleer level. Dealers said tke Mer ta nppartttie narket at this level, ■linMaj meat •f yMtfrdfty's Itwcr tm* ever ef ere. Tetal vetame tell to US toaaee trem 16 ea Ulanday aad
      60 words
    • 333 9 RA8 price* In cent* j *r kilo yesterday MAMS rti (per kilo) C (per kilo) tot 1 R-S.S proem* f.o.b. 100.00 3WJH1 mom ou/vn 100 J0 100 JON Int. 1 R.S.S February m.75 172.25 171J5 171.75 tot 1 RS.S. Mart* m.» 175.75 174.75 175J5 Int. 2 R-S.S 100
      333 words
    • 92 9 NOON 88ft Md 8MR pnam ymt •*T SAC FlWurr iCvml Mtkl MiNk IhrwiH MUI S8R 10 (1MB p>UMl SM 1W 406 150 00 100.00N asftao (1-toa pattM) lii.SC 1&4 40N 1MJ0 1MJ0N 3 MR CV (lie. paU«> imjo "7 1MJ0N 197 JO 199 JON BOIL (1-taapdbt) IM-&0
      92 words
    • 264 9 AFTER THE recent spate of seven-year low*, a slightly better undertone returned to the market, although current One RSS improved only some two cents overall, says MUajr, Cutter and Bath in its rubber review far the week ended Jan 13. January One RSS went out at
      264 words
    • 165 9 CHINESE Pntet ITirtw^n. per 100 kg jwladay. CMmt Bulk fob $16.00 sellers, old dram (in second hand dram) lob HOMO sellers, new dram fob $113.00 sellers. Oprs: Mixed (loose) $55 buyer*. Popper: Muntok white pepper fob AsU NLW $347.50 sellers, Sarawak white pepper faq fob NLW $342.50 sellers.
      165 words
    • 136 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot' ex-go-down) CsMsn yarn: China Blue Phoenix 20s 2,430; 32s 2,885, 40s 3,180 (per bale of 400 lbs). 6.08, 4F 6.07; 289F 6.10; *NT roller ginned 6.05 (per lb). CLOTH tn HK dollars, wholesale prices,
      136 words
  • Page 9 Advertisements
    • 0 9 ~*<&{.?)(<_/-!\.<{@^-:+{?_@:.;/
      0 words
    • 77 9 L Available in /5\ r I i y r < k. V k.'v >L> The book records the travels of V.S. Naipaul in Iran, Pakistan, Malaysia and Indonesia, and investigates the starry-eyed barbarism of the Islamic revolution and tries to understand the fundamentalist zeal that has gripped the young in
      77 words

  • 3030 10 BID and offer price* officially listed and business In and reported to the Stock Exchange at Singapore yesterday, with the number of share* traded shown In brackets in lots of 1,000 units, unless otherwise specified. SECTION ON* INDUSTRIAL COMMERCIAL Aeaa (1438 1468)
    3,030 words
  • 3154 10 IMS/ Ugh 1 S3 Lew Conpaay Last Sale +or-Gr-s DW DW Ctt Gr*s TTd Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 380 154 233 388 322 141 229 291 480 328 4SO 880 1520 480 240 480 1040 440 100 328 120
    3,154 words
  • 1901 10 BID and otter prices officially Listed and hiiflnf in and reported to the Kuala Lumpur Stock Exchange yesterday. with the number of shares traded shown in brackets in lots at 1,000 units unless otherwise specified t INDUSTRIALS »a (3.005) KM (I.CBB 1.886) (3) I.CT (23) 70 39)
    1,901 words
  • 743 10 LED by H—t* aad plaatetiao stack* tor the miai eineiMw letilia, Ike Wagapere stack market ttsged mttw krssMsstl rally ytslcrisy. Dealers aeted thai the strsag sappsrl eeaid be dor to grawlag eeavletlea am tar meat hwatoi that the asarket has mm steam te ge ap farther.
    743 words
  • 489 10 STRONG performance by plantation and finance 1 stocks continued to boost I share prices on the Kuala Lumpur stock market yes- < terday. After opening generally 1 higher, share prices coo tin- i ued to move upwards in < well-sustained interest until 1 some
    489 words
  • Page 10 Advertisements

  • COMPANY NEWS
    • 775 11 SALES of passenger cars in Peninsular Malaysia dropped significantly last year compared with 1981. This is now clear although the final tally for December has yet to come in. The latest figures released by the Malaysian Motor Traders Association for the 11 months
      775 words
    • 194 11 SINGAPORE UNIT TRUST (W —(p—. prim, tur Urn 11) The Commerce 2 99 3.14 The Saving* Fund 1.72 1.81 S'pore Prog Fund 1.33 1.4C S pore See. Fund 2.00 2.10 S'pore Invest Fund 1.08 1.13 S'pore Equity Fund 1.29 1.3B ASIA UNIT TBU8T (Managers' prices tar Jaa 11)
      194 words
    • 650 11 Reuter THE UK government is under pressure from industry to clarify its policy on corporate mergers after its controversial and unprecedented decision last month to overturn a majority recommendation of the UK Monopolies and Mergers Commission. "The government should make its policy clear," a spokesman for
      Reuter  -  650 words
    • 104 11 Reuter FAB Bast CMMrtiam Ltd has reported group net profit of HK512.28 million ($24.31 million previously) for the six months ended Sep 30,1962. Extraordinary loss was $6.91 million (extraordinary profit $4.61 million before). The company has declared an interim dividend of 2.5 cents (9even). Books will be closed
      Reuter  -  104 words
    • 356 11 Reuter THE HIGH Court in London has given Anderson Stratchlyde PLC leave to challenge a decision of Trade Minister Peter Rees to allow Charter Consolidated PLC to renew its bid for Anderson, Britain's news agency the Press Association said. Last month the Monopolies Commission
      Reuter  -  356 words
    • 65 11 Reuter KUBOTA Ltd expects a 10 per cent increase In sales to 630 billion yen for the year starting next April 16. It expects 564 billion of sales in the current year, compared with 536.2 billion the previous year. Its recurrent profits are projected to rise 15 per
      Reuter  -  65 words
    • 789 11 NYT AT A QUICK glance, Wall Street has never seemed more like easy street for the US' largest securities firms. Since the bull market took shape last August, business has been booming. But there is trouble in paradise. Simmering beneath the euphoria is a
      NYT  -  789 words
    • 167 11 Reuter JAPANESE corporate bankruptcies in 1962 totalled 17,122, down 2.8 per cent from 17,610 in 1961, the Tokyo Commerce and Industry Research Company said. The company's figures are used by the Bank of Japan in compiling official statistics. The company said 1962 debts of failed companies
      Reuter  -  167 words
    • 184 11 GLJINNE88 Malaysia Berhad: Nineteenth Annua] general meeting to be held at Sungei Way Brewery, Petaling Jaya, Selangor on Jan 18 at 11 am. t CHEMC1AL Campaay at Malaysia Berted: Twentyfirst Annual general meeting to be held on the Ground Floor of Bangunan MIDF, 195A, Jalan Pekeliling, Kuala Lumpur
      184 words
    • ASIAN STOCKS
      • 491 11 HONGKONG THE STOCK market yesterday closed slightly easier with initial gains eroded by fairly active end-week profit-taking The Hang Seng index ended 3.96 points lower at 866.34, after a 7.64-point gain at mid-morning. The index had risen over 100 points in the last seven trading days. At
        491 words
      • 407 11 THE Tokyo stock market yesterday closed marginally lower on balance with profittaking alternating with bargain hunting, resulting mainly from the uncertain shortterm market outlook. The market average fell 10.53 points to end the day at 8,068.53 in fairly active trading on a volume of 620 million
        407 words
      • 135 11 SHARE prices in Bangkok yesterday closed mostly higher in quiet trading, dealers said. JAM 14 BmliU ♦A Aokham Thai Aila Fibre 3 Aratiiui Inr And Trust 117 unch Bangkok Bank Bank Of Arudhaj* 250 ♦t Ltd |f7 Bata SImm Bern J acker Charoonc Thai ■nr. sic 2 Firestone FM
        135 words
      • 112 11 PRICES IN Manila yesterday closed mixed on a turnover of 5.069 million pesos, compared with 8.284 million pesos on Thursday, dealers said. h 'f mbmm 0 013 *0 00 36 -1 0002 unch 0.014 unch Bafulo Gold B**lc P*lrol«um Benfuet Con B MM -U CDCP a Mich First Phil
        112 words
      • 422 11 SHARE prices yesterday eased again in active trading. led by a sharp decline in the banking sector following the Federal Cabinet's decision In principle to allow the entry of a limited number of foreign banks, brokers sakl. The All Ordinaries index was down one point at 529.8, reflecting to
        422 words
  • Page 11 Advertisements
    • 190 11 r EKMAN EQUIPMENT PTE LTD RONNIE WONG LORK TUN PATRICK GOH SOO EN6 ROR NO EN6 KHOON VICTOR MAH CHEE KIA SOO HENG WAN THIS IS TO INFORM THAT THE ABOVENAMED HAVE CEASED TO BE EMPLOYED BY US ON 11 JANUARY 1983 AND THEY ARE NO LONGER AUTHORISED TO TRANSACT
      190 words
    • 158 11 CDFC WE PROVIDE EQUITY FINANCE SSI MILIION—SSB MILLION Funds normally between Sslm Ss6m are available for a substantial minority equity position in well managed and profitable companies across a broad spectrum of industry and commerce to assist their growth. FUNDS ARE AVAILABLE FOR LISTED OR UNLISTED COMPANIES As a placement
      158 words

  • Chief Price Changes
    • 159 12 Rises C Sugars 1140 40 Indices H Leong Credit M Banking 535 965 25 20 BT Indicator: Jan 13 Jan 14 K L Industrie* 380 20 *****5 *****0 PMC 500 18 ST Industrials: 748.41 757.70 Kuala Sidim 338 18 ST Finance: 1798.25 1819.89 O C B C 910 15
      159 words
    • Article, Illustration
      184 12 Rises Indices KL Ind 420 20 May bank 730 +20 Jan 13 Jan 14 FAN 800 20 MBT Index: *****8 *****0 OCBC 1010 20 N ST Industrials 956.18 964.25 Syn Resins 488 18 NST Finance: 1611.98 1633.34 Selprop 520 15 NST Hotels: 647.85 648.22 Straits Trading 620 15
      184 words
    • 51 12 FINANCIAL TIMES Friday 866.34 INDUSTRIALS Thursday 870.32 Thursday 804.# Week Ago ***** Wednesday 966.4 AUSTRALIAN Week Ago 615.1 INDUSTRIALS DOW JONES AVERAGE Friday ..660.6 INDUSTRIALS Thursday -.664.5 Week Ago 650.0 Thursday 1073.06 Wednesday 1063.61 ALL ORDINARIES Week Ago 1070.02 Friday 520 8 HJLHANG 8ENG Thursday Week Ago .530.0
      51 words
  • 845 12 THE market opened mostly firmer yesterday as sterling continued steadier and with hopes persisting of a cut in the US discount rate, dealers said. The Financial Times Index at noon was up six points at 610.6. Leading industrials were mostly higher in moderate trading with Beecham up 2p
    845 words
  • 164 12 i SEAUON Hetels, mtr af Hyatt Hstei, has uaeaaeed the pvenmcit fcw redaced the development charge fer Ha 882reem exteastoa prejeet frem $18.81 mIIUM to $13.29 mllltoa. This redactlea was graated toUewiag aa appeal by SmUm la Nevem- her 1861 to the Devetopmeat
    164 words
  • 552 12 rnmu Companies Editor: Mano Sabnani RIG-BUILDER Promet Bhd's multi-purpose steel fabrication yard in Telok Ramunia, Johore, is off to a promising start. Nine Jackets used for offshore oil exploration worth 850 million to $60 million are now being built at the newly
    552 words
  • 202 12 ULU BENUT Consolidated Industries suffered a 36 per cent drop in its pre-tax profit to MJ757.531 for the year ended Aug 31,1962. After a higher tax charge of 46 per cent against a previous 41 per cent, profit before minority interest
    202 words
  • 518 12 Canpiay Date 1 iMft Pull Yc Ml PerM faurt y Mr Net EPS Onh Div. Pre4u Pnflt UIC MBF Hldgs Berjuntai King» Killinghall Tin F F I F F 19/11 7/12 28/12 5/1 in 2.8 28.5 40.1 7.8 84.9 <%) 5.0 65.0 7.5 60.0(b) <r«*) 4,916 9,795* 21,609
    518 words
  • 110 12 HONG Leeag Plaaaee Ltd has said 2.03 per cent of its issued share capital is beneficially owned or controlled by foreign persons as at Dec 31,1982. SINGAPORE flainnr has announced that as at Dec 31,1982, 7.29 per cent of the company's issued share capital is beneficially owned or
    110 words
  • 187 12 CK TANG has set up a subsidiary company, Associated Catering Pte Ltd, to operate a snack bar in its newly-opened department store, Tangs. CK Tang will hold 51 per cent of its proposed paidup capital of <100,000 while the balance of 49 per
    187 words
  • 700 12 J P Coats gives reasons for its share valuation f JAP COATS (M) Bhd has explained why it valued its 5 shares differently in connection with the acquisi- tion of a controlling interest by Pentra Holdings Sdn Bhd and the acquisition of Leong Hin (M) Finance Company Bhd. Acquisition of
    700 words
  • Page 12 Advertisements
    • 372 12 TO BE OPENED BY THE HONOURABLE MINISTER FOR LABOUR AND COMMUNICATIONS, SINGAPORE THE FIRST AND FOREMOST CONFERENCE ON THE SINGAPORE IM R T 20 21 JANUARY 1983, SHANGRI-LA HOTEL, SINGAPORE > CONFERENCE CH AIRMAN Mr Trevor knight, Director A General Manager South East \sia, Hongkong /.and (Singapore) Ptf Ltd. SPEAKERS
      372 words
  • Page 12 Miscellaneous
    • 60 12 OUTLOOK for today: Partly cloudy with occasional showers morning and afternoon. Report fir U tours prter to 7M pm mJu h at the alrptrt: Maximum temperature 31 q Associated humidity g7 Minimum temperature 23 9 Associated humidity 95 Hours Of sunshine Rainfall in millimetres j 3 Total rainfall for the
      60 words