The Business Times, 29 January 1983

Microfilm: NL13704
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JANUARY 29, 1183 60 CENTS
    11 words
  • Article
    Lock icon Japanese car exports decline for first time in two decades
    457 1 AP, UPI AFTER hitting an all-time high in 1981, Japan's car exports dropped in 1982 for the first time in 20 years. The Japan Automobile Manufacturers Association in Tokyo yesterday blamed the fall on sluggish exports to the US and
    AP,; UPI  -  457 words
  • Article
    Lock icon HK bid to control paper gold schemes
    141 1 Reuter THE HONGKONG government yesterday proposed a new law to control advertising and marketing of paper gold schemes which allow buyers to defer taking delivery of gold and then sell it back. Under the new law, such firms, unless specifically excluded from its
    Reuter  -  141 words
  • Article
    Pre-qualification for 2nd terminal starts
    406 1  -  By WANG LOOK KEAH THE PUBLIC Works Department has called for pre-qualification of contractors for the second passenger terminal building at Changi Airport. The pre-qualification, which started yesterday, will close at 12 noon on March 28. Successful contractors will be invited to participate in the
    406 words
  • Article
    Effect of US recovery won't be felt quickly
    539 1  -  By SOH TIANG KENG THE Singapore and Asian economies will not reap the full benefits of US economic recovery until next year, a prominent American economist, Professor Walter Fackler, predicted yesterday. He described 1963 as a "year of recovery" for the US
    539 words
  • Article
    Lock icon Broken Hill Pty to buy American mining concern
    328 1 AP AUSTRALIA'S largest company, Broken Hill Proprietary Co Ltd, plans to purchase the giant American mining concern, Utah International Inc. for US$2.4 billion. The planned transaction was announced in a Joint statement by the Australian company and Utah International's parent, the Connecticut-based
    AP  -  328 words
  • BRIEFLY...
    • Article
      Lock icon US index up 1.5pc
      72 1 Reuter THE US index of leading economic indicators rose 1.5 per cent in December following a revised 0.2 per cent advance the month before. The US commerce department said December's advance was the largest monthly gain since 2.8 per cent in September 1980. It was the
      Reuter  -  72 words
    • Article
      DBS lowers prime
      112 1 DBS Bank will lower its prime rate by a quarter point to 9 per cent from Monday. This brings it in line with United Overseas Bank and Oversea-Chinese Banking Corporation, which maintained their base lending rates when DBS Bank made an upward revision three weeks ago. However,
      112 words
    • Article
      Lock icon Recruiting manpower
      47 1 Reuter BRUNEI is planning to recruit workers from Bangladesh to help overcome a manpower shortage in its run-up to independence. Senior government officials in Bandar Seri Begawan yesterday discussed details of the recruitment plan with visiting Bangladesh Minister of Labour and Manpower, Aminul Islam. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Cabinet resigns
      50 1 AFP AT.I. Cabinet ministers in India yesterday submitted their resignations to Prime Minister Indira Gandhi. The Press Trust of India in New Delhi, quoting two senior ministers, said the resignations are in line with Mrs Gandhi's reported plan to revamp her government and the ruling Congress Party. AFP
      AFP  -  50 words
    • Article
      Lock icon Pact on coffee sale
      61 1 Reuter THE International Coffee Organisation (ICO) executive board yesterday reached an agreement on a voluntary system of monitoring sales to non-member countries. ICO executive director, Alexandre Beltrao, said in Manila that producing and consuming member countries will cooperate with the ICO to attain the data which
      Reuter  -  61 words
    • Article
      Lock icon Chinese investments
      55 1 AP CHINA plans to buy about US$66 billion worth of Western computers and other high-technology equipment until 1965. Ma Yi, the vice-chairman of China's state economic commission in Beijing, yesterday said about 3,000 items are scheduled to be imported under a vigorous campaign for use largely by small
      AP  -  55 words
    • Article
      Lock icon LNG shipment
      56 1 AFP SOME 130,000 cubic metres of liquefied natural gas (LNG) the first shipment of its kind from Malaysia leave Sarawak's Bintulu port for Tokyo today. A second shipment will be made in two weeks time. The gas is being shipped through the 65,000-tonne tanker Tenaga Satu, chartered by
      AFP  -  56 words
    • Article
      Rise in contracts
      53 1 US construction contracting rose 7 per cent in December from November to a three-year high, buoyed by home building and a rise in utility construction, the FW Dodge division of McGraw-Hill Inc said. The December figure of U5513.98 billion brought 1982's total to $154.6 billion, one per
      53 words
  • Article
    Singapore Aero Engine Overhaul gets $18m contract
    257 1 SINGAPORE Am Eaglae Overtoil ku km >«iried u $18 mllllM entnct to tverhaal nglMt mt St Reyal Maltyriu Air Fine Skykawks. It ku keea gives the Jefc by Gmnmu Aemp»ee, a Urge US-towed aircraft maaafactarer, wka cllacbed the mala cm tract to rtfarktok
    257 words
  • Article, Illustration
    Market index hits eight-month high at 773.99
    332 1 THE Singapore stock market reacted its highest level in more than eight months as investors went on a buying spree on the trading floor yesterday. Although most shares finished with modest gains, trading volume was extremely heavy. By the closing bell, turnover totalled
    332 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      253 1 Distributed by FEDERAL PUBLICATIONS iTfj 1 New Industrial Road, Singapore 1953 A member of The Timet Organisation BMIQg THE Singapore market for certificates of deposit issues is now facing very tough competition from the less developed Hongkong market Page 2 Daewoo Corp will use modular tunnel form system to build
      253 words
    • Advertisement
      Page 1 Advertisements Column 2
      106 1 •ihinA m wmmmmmmmmmm Carry On, The 8306 series golf bags f carry on the Titleist tradition of superb quality, durability and winning looks. «80 l n beatable features At *9" round padded bound top laEat Heavy duty tube construction 5-way sling suspension Double tiered ball pocket Large clothing pocket Deluxe
      106 words
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      Page 1 Advertisements Column 3
      125 1 :HIO Times Bookshops NEW BT INDEX NEXT WEEK, Business Times starts a major new service with the launching of the Business Times Composite Index, made up of 40 counters traded on the SES from every sector. We introduce it on Monday, along with a 15-year historical graph based on the
      125 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Republic faces competitive rival
      341 2  -  By BERNADETTE CHOOI THE Singapore market for certificates of deposit issues is now facing very tough competition from the less developed Hongkong market. The degree to which Hongkong has pulled itself up to rival Singapore is seen in the number of issues last year. According to
      Source:  -  341 words
    • Article
      Lock icon Bonn interest rate cuts dependent on fall in inflation
      278 2 Reuter FURTHER West German interest rates cuts this year will depend on progress in fighting inflation, but on balance the prospects are favourable, Leonhard Gleske, member of the Bundesbank directorate said. West German inflation could fall below 4 per cent in
      Reuter  -  278 words
    • Article
      Lock icon Union Pacific blames slump for fall in profit
      148 2 Reuter UNION Pacific Cbrp.of New York yesterday attributed a 20 per cent decline 4n 1962 earnings to the sevgy economic slump and 4alid the "principal questkal** «Br thte year is the degrto to which the world econeerry -rre recover. It said the
      Reuter  -  148 words
    • Article
      Lock icon Quotas raised to 75pc
      207 2 Reuter THE Japanese finance ministry said it told Japanese banks it will increase yen-denominatedcertifi-cates of deposit issue quotas in quarterly stages to 75 per cent of each bank's equity capital from the present 50 per cent. The increase takes effect Feb I, with a 5 per
      Reuter  -  207 words
    • Article
      Lock icon CALL TO CLOSE VENEZUELAN BANK
      211 2 UPI THE president of oil-rich Venezuela's central bank has urged that the nation's largest bank be closed and declared bankrupt, saying government efforts to rescue it have failed. Thousands of depositors lined up at the Banco de los Trabajadores to withdraw their savings amid reports
      UPI  -  211 words
    • Article
      Lock icon US dollar likely to fall over next two years
      520 2 Reuter BALANCE of payments differentials should depress the US dollar substantially over the next two years, with a (all below two Deutschemarks and 200 yen by January 1984, the London Henley Centre said in its latest forecast of exchange rate movements.
      Reuter  -  520 words
    • Article
      Lock icon China to offer export credits
      227 2 Reuter THE BANK of China in Beijing plans to offer export credits to foreign buyers for the first time starting on a trial basis this year. The New China News Agency yesterday said between this year and 1985, the bank expects to make low-interest loans
      Reuter  -  227 words
    • Article
      ECONOMIC UNCERTAINTY WILL FAVOUR GOLD'S RISE
      105 2 ECONOMIC uncertainty will persist and proliferate in 1983 to be the only strong factor in favour of gold. Shearson America n Express Ltd said in its 1963 metal markets survey a default by any of the major indebted nations might provoke a panic, provnding
      105 words
    • Article
      Lock icon Congress to realise extent of debt crisis
      474 2 UPI, Reuter THE US Congress has yet to realise the dimensions of the international debt crisis but will be asked soon whether to guarantee more money to prevent a catastrophe, a foreign affairs subcommittee chairman said. Michael Barnes, chairman of the bouse subcommittee
      UPI,; Reuter  -  474 words
    • Article
      Lock icon Currency futures market
      477 2 Reuter UPI MEXICAN central bank governor Miguel Mancera yesterday said a foreign currency futures market is being planned in Mexico City to enable the private sector to service its US$l4 billion foreign debt. The proposed market will be based on the assumption that foreign creditors will agree
      Reuter; UPI  -  477 words
    • Article
      Lock icon Paris not seeking capital injections
      253 2 Reuter THE French government does not intend to request the largely state-controlled banking system to inject new funds into nationalised industries. An official at the Research and Industry Ministry in Paris yesterday said a press report on the ministry considering such a request was inaccurate.
      Reuter  -  253 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        474 2 THE US dollar was traded within a narrow range against major currencies on the foreign exchange market yesterday. Dealers said trading was thin and featureless with many h«nir T out of the market, having closed their books for the weekend. The US dollar opened at a high of
        474 words
      • Article
        Hongkong
        72 2 THE US dollar was little changed from at earlier levels in quiet trading throughout yesterday. Some dealers ended interbank dealing early ahead o( the weekend but all were keenly awaiting publication of US December leading indicators and latest money supply data, both due later yesterday. The dollar ruled steady
        72 words
      • Article
        Tokyo
        99 2 THE DOLLAR for overnight delivery yesterday closed at 236.85 yen in moderate trading after opening at 237.50 and touching a low of 235.95 yesterday morning. The closing rate was bekw the 237.30/50 finish in New York and the 237 95 close in Tokyo on Thursday. Trading volume was a
        99 words
      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.58 per cent.
        22 words
      • Article
        ASIANS
        171 2 ASIAN currency deposit interbank rates as at close on Jan 28: 7 day» 9 1 month 9H B t 2 month! 9* 9* 3 months 94k 9H months 911/16 99/1« month! 9% 12 months 9H 9* Da*. 8w.Tr». IMMk Mm) 1 month 5% 2H 3 months 5H 213/10 «months
        171 words
      • Article
        Discount
        44 2 RANGE at prices offered by discount house* oa Jan X Overnight m Call deposits )M Closing Bsyinf 8sUta| 3-month Treasury bills 3 3/16 31/16 3-month Bank bills 71« 7* 3 months CD 7W 7H 6 months CO 7H 7H Source: National Discount Co
        44 words
      • Article
        Treasury bills
        54 2 RESULTS of tender held i yesterday for 91-day Treasury bills to be issued from Feb 1 to Feb 4: Offered: $130,000,000 j Applied for: $136,240,000. I Alletted: $130,000,000. Aeeepied Uds: $99.23 ap- I proximately 97 per cent; higher bids in full. Average rate ef Akmil ea aUatmeat: 3.090
        54 words
      • Article
        London
        55 2 Opening quotes yesterday: US *****/97 Can 1.9011 36 Cross 1.2357/60 D Mk 3.7452 87 DF1 —4.1190/1224 S FY 3.0612/67 B FY con 73.40/51 F FY 10 6143/6268 Lit 2152.64 2158.38 Yen 364.00 48 D Kr 13.1867 1974 N Kr 10.9957/11.0060 S Kr 11.4156 4262 A us ach 26.28/31 Port
        55 words
      • Article
        Gold
        270 2 GOLD FUTURES in Singapore yesterday closed slightly lower in light trading after fluctuating narrowly on uncertainty over overseas bullion market price trend, dealers said. Total sales for the day was recorded at 223 lots while kerb volume at 703 lots. Prompt closed little changed at U*****.00/496.50 compared with 495/496
        270 words
      • Article
        Silver quotes
        30 2 New York 13.07B umv 13 US Zurich 12.KB 13.0SS Singapore ftwi Wtt L31DB 13.3DS Cloatag Prtc m in US doUara a troy ounci t. Source: Credit Suisse, S'pore.
        30 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      207 2 SL MARINA CENTRE DEVELOPMENT PTE LTD Our Company is currently engaged in the development of The Marina Centre in Singapore which, when completed in mid-1985, will comprise 3 luxury hotels, the largest retail complex in the region including four department stores, 240 specialty shops, a supermarket and a mini-cinema centre,
      207 words
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      Page 2 Advertisements Column 2
      79 2 Distributors sought by leading manufacturer of Giftwares Distributors are required by leading manufacturer of giftwares PAPEL is the name inherently interwoven with exquisite giftwares. This line of irnqorted giftwares has just made its debut in this region In light of the favorable market for such exclusive products, we are seeking
      79 words
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  • TRADE AND INDUSTRY
    • Article
      HDB signs $310m contract with Daewoo of Korea
      399 3 THE Housing and Development Board signed an $310 million contract with Korea's Daewoo Corporation yesterday for the construction of 8,000 Oats. The contract was signed by Mr Michael Fam and Mr Liu Thai Ker, HDB chairman and chief executive officer, and Mr
      399 words
    • Article, Illustration
      Way to contain oil spills
      187 3 OIL SPILLS in the open sea can be contained by the boom deck reel. Yesterday, the British-made equipment was deployed off the Tan Jong Berlayer coast in a demonstration (atove) for participants of a regional oil spill seminar. Manufacturer Vikoma said the boom deck reel
      187 words
    • Article
      SGS S'pore recruiting more staff for industrial consumer division
      607 3 SGS Singapore Pte Ltd, an inspection and control company, is expanding its industrial consumer division which seems to be benefiting from the current recession. This division, set up in 1979, is now the main contributor to the company's turnover, which is
      607 words
    • Article
      Studying productivity woes of restaurants, provision shops
      749 3  -  By KOH TSE YING THE Committee on Productivity in the Commerce Sector, formed last March by the National Productivity Council, will look into the productivity problems of restaurants and provision shops in its next study. The committee recently completed its study on productivity
      749 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      312 3 CITIBANK has announced the appointment of Bwy Stow Km and Tnl Kwsk Ws as vice-presidents and the promotion of Amy Tu to vice-president and Andrew Liew to assistant vice-presi-dent. It also announced that Kane O Qtmf vice-president, will be bead of Singapore branches for its consumer services
      312 words
    • Article
      Olivetti appoints vendors to market computer
      298 3 OLIVETTI Singapore has appointed eight local vendors to market its new M3O business computer, which is expected to account for $10 miium of revenue this year. The dealers are AVS Electronics. Adeptus Software Consultants, Coleman Business Systems, Computer Resources Centre, Eastern Computer Services, Hoshijima
      298 words
    • Article, Illustration
      Temasek Holdings gets stake in SIA project
      432 3  -  By RICHARD SEAH TEMASEK Holdings, the government-owned investment company, become the third shareholder in Singapore Airlines' $100 million condominium project at Loyang. The company took a 20 per cent stake in the project early this month while Chang, which was awarded the main
      432 words
    • Article
      US Eximbank officials will be here next week
      131 3 OFFICIALS of the American Rrimhank will be in Singapore next week to keep abreast of the major development projects here which could involve the assistance of the The $5 billion mass rapid transit project is of special interest and officials will visit
      131 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      139 3 Baron's Table Sunday Brunch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. For starters, there's an array of appetizers to choose from. Our Brunch also boasts our famous roasts like baby chicken, loin veal, pork, ham, lamb and sausages. Besides,
      139 words
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  • OVERSEAS
    • Article
      Lock icon Swiss Supreme Court ruling
      256 4 Reuter THE Swiss Federal Tribunal, the country's Supreme Court, ruled that two unidentified banks, one based in Zurich and the other in Geneva, should pass information to the US Securities and Exchange Commission (SEC) on suspected insider trading on US stock exchanges by customers. But it
      Reuter  -  256 words
    • Article
      Cut huge deficits urges Volcker
      506 4 US FEDERAL Reserve chairman Paul Volcker said the US central bank was doing as much as it could to spur economic recovery and it was now up to Congress and the White House to do their part by cutting budget deficits. "We want to supply
      506 words
    • Article
      Lock icon Industrialisation speeded up
      394 4 AFP FOREIGN investment has speeded up the industrialisation of Southern China's three coastal provinces, a research report by Bank of America's merchant banking arm, BA Asia, said. Known for their weak industrial bases, the three provinces Guangdong, Fujian and Guangxi have received the bulk of foreign investment
      AFP  -  394 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      753 4 ARRIVALS Service Local Operator Number Tine From CAL CI331 0220 TPE PAA PA005 0245 JFK/SFO/HKG CLUX CV796 0645 LUX/DXB SIA SQ101 0815 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL CPA CX710 1030 HLP MAS MH811 1040 PEN
      753 words
    • Article
      Lock icon Beijing to keep supporting Swapo
      264 4 Reuter CHINA yesterday promised continuing material help for the South-west African People's Organisation (Swapo). Premier Zhao Ziyang gave this promise in a meeting with Swapo's leader Sam Nujoma in Hongkong. After the meeting, Nujoma said China would provide military and humanitarian aid for his guerillas
      Reuter  -  264 words
    • Article
      Reagan drops idea of abolishing corporate income tax
      428 4 LESS than 24 hours after he made it, President Reagan dropped the controversial i suggestion that the 46 per cent US tax on companies should be abolished. Reagan caused a stir when be said in Boston on Thursday that the corporate income
      428 words
    • Article
      Lock icon Tanzania in grip of hunger for foreign exchange
      650 4 Reuter TANZANIA is a country desperate for foreign exchange. A whispered "Change? Good rate" is almost as common a welcome to visitors from the world's hardcurrency countries as the traditional Tanzanian greeting of "Jambo". Travellers prepared to trade with the city's illicit
      Reuter  -  650 words
    • Article
      Lock icon UK export earnings hit record last month
      622 4 Reuter BRITAIN'S export earnings hit a record high in December, but over the whole of last year, the country's balance of payments surplus fell. Trade Ministry figures released in London yesterday showed that without North Sea oil Britain's balance of payments would only
      Reuter  -  622 words
    • Article
      SHIPS IN PORT
      1025 4 VmmI Bwlh Arrival uumAmA n1i E f* 4 w J IA,tvc Hal Soon No 1 MW 29.1/0700 30.1/0700 Fair Rainbow 29/30 alongside 29.1/0600 Hong Soon MW 29.1/0700 291/2300 Jenson 23 alongside 29.1/0800 MadJuYongHua MW 29.1/0700 29.1/2300 Murrayeverett 37/8 alongside 29.1/0600 NiagaXXI MW 29.1/0700 301/0700 NedForcados 3/4 alongside
      1,025 words
    • Article
      Lock icon Urgent need to halt Israeli settlements
      698 5 Reuter AP EGYPTIAN President Hosni Mubarak met US economic officials in Washington yesterday after talks with President Reagan in which they agreed a freeze was needed on Israeli settlements in occupied territories. The two leaders also agreed there was an urgent need for progress
      Reuter; AP  -  698 words
    • Article
      Lock icon Increase of 9.8pc in Panama Canal tolls
      304 5 Reuter, AP THE Panama Canal Commission has unanimously approved a 9.8 per cent increase in Panama Canal tolls. A statement issued by the commission's nine-member board said the fee increase would serve to compensate in part losses suffered by a reduction in the
      Reuter,; AP  -  304 words
    • WORLD IN BRIEF
      • Article
        Lock icon INFLATION IN JAPAN FALLS
        562 5 Agencies JAPAN'S inflation rate last year was 2.7 per cent, the lowest since 1959, the Prime Minister's Office said. This compares with a rate of 3.9 per cent in the US, 5.4 per cent in the UK, 4.6 per cent in West Germany and 16.3 per
        Agencies  -  562 words
    • Article
      Lock icon Performance of West German chemical industry stabilising
      373 5 Reuter THE performance of the West German chemical industry is stabilising after a weak 1962 when pre-tax profits fell 25 per cent, Herbert Gruenewald, president of the industry association, VCI, said. "At the turn of the year production in the Industry stabilised, albeit
      Reuter  -  373 words
    • Article
      Lock icon Japanese foreign investments show steady rise
      345 5 Reuter FACED with rising wages and land costs at home and growing protectionism abroad, Japanese firms have steadily stepped up foreign investment which has become an integral part of their overall operations. Tokyo yesterday said direct overseas investment in fiscal 1981, which ran from
      Reuter  -  345 words
    • Article
      Lock icon Look East policy for facing challenges
      178 5 AFP MALAYSIAN Deputy Prime Minister Datuk Musa Hi Lam said the government's "Look East" policy, which draws its inspiration from Japan, was a "shock treatment" to equip the country to face the challenges of a fast-changing world. Datuk Musa, who was opening the 18th
      AFP  -  178 words
    • Article
      Lock icon Oil price conflict will hurt Mexico
      638 5 NYT A PROJECTED international petroleum price war threatens to set back Mexican efforts to revive its economy and financial health. As an emergency Opec meeting in Geneva was breaking up in disagreement over production quotas on Monday, the Mexican state oil company Pemex announced
      NYT  -  638 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      382 5 A New Chapter in Automotive Utility and Styling *S ASIA MOTORS KAMPONG AMPAT Tel *****66 NGEE ANN BUILDING Tel *****22 ALEXANDRA ROAD Tel *****41 BUKIT TIMAH ROAD Tel *****33 SHOWROOM OPENING HOURS: Mon Sat 8 30am 7pm, Sun 10am 4pm (Original Spare Parts available at KAMPONG AMPAT BUKIT TIMAH ROAD)
      382 words
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  • Article
    Pens and the Pentagon
    510 6 JOURNALISTS, diplomats and others who depend for their sanity on a sense of black humour used to be fond of retelling the story of the man who woke up one morning to find the large city he lived in devastated by a nuclear attack. He roamed
    510 words
  • Article, Illustration
    Lock icon US govt on popcorn campaign trail
    919 6  -  By MERIDA WELLES NYT POPCORN, which was enjoyed by the Pilgrims at the Thanksgiving feast at Plymouth, should no longer be regarded merely as Yankee junk food, the United States government maintains. To prove it to British snackers, the American embassy's Agricultural Trade Office
    NYT  -  919 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      160 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space for you You'll be reaching a very select group of
      160 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      1384 6 SINGAPORE 5 1.00 PM Opening folowed by Sesame Street The letters "C" and "0" and the number "6" take the spotlight today. 2.00 Btackstar The Quest: Blackstar makes a long and arduous journey to find a cure for Pouk), who is down with a deadly disease. His quest leads to
      1,384 words
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  • Article, Illustration
    Lock icon Reunited — and glad to be back
    700 7  - Reunited and glad to be back By RICHARD WALKER Reuter PETER, Paul and Mary, America's foremost folk trio in the *****, are back together as a team and have rejoined political battle, with a European tour starting next month. Peter Yarrow, Paul Stookey and Mary Travers split up in 1970
    Reuter  -  700 words
  • Article, Illustration
    Singapore as a cultural centre
    1624 7  -  Singapore can be an important cultural centre, the generalsecretary of Austria's Bundestheatre, Mr Robert Jungbluth, tells MONICA GWEE. In fact, he says, Singapore is perfectly situated to be the 'Salzburg of the Far East.' MONICA GWEE. EVEN Robert Jungbluth is put out by the amount
    1,624 words
  • Article
    STRAWS in the Wind
    473 7 Such painfully good service SINGAPORE Airline's reputation for superb inflight service can be daunting at times. Sintat's managing director, Khoo Kay Eng, who flys almost all the time on our national airline, was wishing he was somewhere else when he was on the last flight home
    473 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      116 7 w THE LMEST EDITION! v SINGAPORE'S MOST COMPREHENSIVE MOTORING GUIDE It contains interesting and informative articles on all that you want to know about motoring in Singapore. Plus a complete directory listing of Buyers' guide to cars, Buyers' guide to motorcycles and automobile dealers. Get your copy today! Available at:
      116 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      786 8 Where to wine, dine and entertain sHil with the American Express Card imm "if you dont already have the Card\ call *****33 for an application form" Jazz up your favourite drink with the Louis Tan Three-Q <39 3 If I 4 FN BUNGE Get into the beat with Asia's leading
      786 words
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      Page 8 Advertisements Column 2
      163 8 to the musk of theihunderbirds' Sink into soft chair in your own cosy tpcu. a cool ttttefying drink in your handr Botox, in tha bast way you know. And when the drinks finally hit you, let your thoughts melt while the music of THE THUNDER BIRDS fills your heed. Drop
      163 words
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      779 9 COFFEE: Robusta coffee futures ended a quiet morning generally higher, £20 to £11 a tonne above Thursday's close in traded positions. This week's firm tone continued as prices rose to new contract highs. Commission houses led buying, as charts indicated further gains, while aggressive sellers were absent. The
      779 words
    • Article
      PALM OIL
      123 9 THE Malaysian crude palm oil market yesterday closed easier on pre weekend selling in quiet trading, dealers said. In the January position, central region was traded at M 5767.50 a tonne while in February south fell MJS to MJ77O and central was unchanged at Ms76o. The refined market
      123 words
    • Article
      Produce exchange
      169 9 CHINEBE Pwfcw Exefcaage, paMMkg y**terĕ»y. Ctemmt ail: Bulk fob $98.00 sellers, ok) drum (in second hand drum) fob $111.00 sellers, new drum fob $115.00 sellers. Capra: Mixed (loose) $56 buyers. Pepper: Muntok white pepper fob Asta NLW $342.50 sellers, Sarawak white pepper faq fob NLW $337.50 sellers, Sarawak
      169 words
    • Article
      TEXTILES
      141 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattoa yam: China Blue Phoenix 2Qr 2,400 32b 2,870, 40s 3,100 (per bale of 400 It»). Pakttaa raw nOm: LSS 6.07, 4F 6.01; 289F 6.10; NT roller ginned 6.06 (per lb). CLOTH in
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    • Article
      RICE
      319 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.02, 100 per cent second class 0.73, 100 per cent third dlass 0 69, 25 per cent new crop 0.62, B-10 per cent 0.68. THAI BROKEN: A-super 0.62, Special 0.58.
      319 words
    • Article
      RUBBER
      139 9 RUBBER PRICES IN Singapore yesterday closed slightly higher with February One RSS buyers quoted at 170.00 cents per kilo, up one cent from Thursday's close. In Kaala Lampar, the rubber market closed higher with February Ones RSS buyers quoted at 190.00 cents per kilo, up 1.25 cents from Thursday's
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    • Article
      CLOSING PRICES
      30 9 Rubber: Jan 28 Singapore: February: 170.00 cents (up one cent) Malaysia: February: 190.00 cent* (up 1.25 cents) Tin: M 529.15 per kilo (unchanged) 170 tonnes (up 5 tonnes)
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    • Article
      Straits Tin
      59 9 THE STRAITS TIN price ii Penang yesterday remained steady at the ITA fleer level price ef Ms2t.ls a klle, dealers said. The slightly lacreased turnover ef 171 Wanes cem pared with ICS Wanes en Thnrsday was mestly abserbed by the buffer stack manager at this level. Overseas demand
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    • Article
      RAS PRICES
      469 9 RAS prices In cent* per kilo yesterday Noon (per IriJo) Buyers Sellers bit. 1 R-S.S prompt f.o.b. 168 00 1C9.0DN tot. 1 R.S.S February 189 75 170.25 lat 1 R.S.S. March 175.00 175 50 tot. 2 R.S.S 1*700 168 OON UK Cool m oo 167 OON tot. 3
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    • Article
      Current One RSS fluctuates narrowly in quiet trading
      284 9 CURRENT One RSS fluctuated narrowly around the 170 (S) cents level throughout the week In quiet trading to lose one cent overall, says Htttday, Cutler aad Bath in its rubber review for the *eek ended Jan 27. After briefly touching a high
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      194 9 JAN rt rr» COBBEILLE Alr-UquW* 423 •1 B S N Qwnli Ptinmt un 38 C 8 P (TbomaonC*f\ 197 JO -0u5 CM PtmncmlM dn P*trotaa 138 -1.4 Credit FoocMr D» Frmncc 413 unch (Uhrmlrte) Machine* aso 42.73 -8 0l38 HlclMUn (B) 748 >2 Of nn jun 1 781 unch
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    • Article
      Frankfurt
      69 9 JAN 27 Dm AM-T*i*funk*n BASF »J0 117 JOB Brnr Bin* ComnMnbonk CooU Oumml DaUnlar-Bans UUO moo 127JO 68.70 arruo -0J 0J -u D»in»t DautactM Bank auo -a7 Dmdiwr Bank OHH IS® JO -4J H CMC Mt Hoaach niun aw Miff Karttadt 1M00 KHD 101 JO -1 sixaoB 1«LMB noon
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    • Article
      Brussels
      85 9 forward m/ Krmr ArtwJ Aatur Bruc&n Ctnpac Cock D» BMTS Raw utirr m unch 1100 uoch Ml +1 MB +3D Ml® -6 M unch m 1M0 10 El*ctrot»l •ass -is Ob-lnno-Bm Me -u o*» MB >15 «r dtu Lime 1975 j Hobo* *000 30 P«*ro 4710 -to Rji Dutch
      85 words
    • Article
      Zurich
      172 9 JAM 37 Actions Sulases Francs vrvt W) unci) 5 AilMUl— Htt. Brown Qowil Br. ate <Mgy Br. at* o*tfj p c cite ota Rm. Cradlt Sulan Br Cradlt Sulan R«f Btktimtt Br Ovorc rtscher Br Olotous Pc IB 1 ra 1646 1330 710 -IS -5 unci! 2 1MB 3*0
      172 words
    • Article
      Milan
      97 9 jam n Un Cantraia Ord ***** mo 1100 10 cood Acqua Roma an -5 Eridanla 7SM «0 7S0 Flat Ont 1MI Oanarall OUn *****0 2866 -48 Ifl Prtr Invest mo 10 son -S3 ItaicafMntl CM 3MS0 +1900 lUlfU LapaUt Ord loauo U ***** -300 Madtotanca ***** +100 M llano
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    • Article
      TORONTO
      198 9 jan n CI Ahitlhi 1*4 .14 Aicma SH Aiflomt Ban* Moot Bank Nova Scotia Ball Tel BP Can Ud MM a* a* a* 43 >1* iinch Braacan an Camp Rad Lake Can imp Bk ZZZ so Can Prm ui Canpac Iff*' Car line OTCaafe 13* CmMRd Lk 36* Cn
      198 words
    • Article
      Amsterdam
      176 9 jam r Pl» ABN Win -5 Ahold 133J0 -4 Akao SUB 4l| AMKV 10U0 .1 Amfu Amrobnk 11 40 0 4 _0j Berjoaa HH 1MB -0J Sola n» 04 41 0J Borauccr Boaka Burnt Caimnd SUB S6.10 Xt JO -04 unch Pmh. mjo -a DaU MIJ Zlaartar SO JO
      176 words
    • Article
      Market closes higher
      723 9 NEW YORK STOCK prices on Thursday soared as some optimism re-emerged in the market that the Federal Reserve will continue to follow an accommodative monetary policy. The Dow Jones industrial average climbed throughout the day and finished with a gain of some 25Vi points. The rally was
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    • Article
      JOHANNESBURG
      271 9 jam n Rand A INDUSTRIALS A Alpha m 5 ADareom AZ And CI Amanrop A MIC Bartow* C O Smith J00 M0 m -10 unch aoo m us unch -so CNA Currt* Flnanca 11 JO no -6 O* Bmts Ind Ed coo Edan PadVotk ifl6 unch Puclt 366 ft
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  • Page 9 Advertisements
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    2928 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified Ail Times Settlement Contracts are quoted after
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  • Article
    SHARE INFORMATION SERVICE
    3203 10 1982/1983 High Low Company Last Sale +orGr*s Div Div Cvr Gr"s Yld Net P/E Vol (*000) Day High Low 9ECTION ONE INDUSTRIAL COMMERCIAL 350 100 233 378 322 141 229 281 480 338 450 880 1520 480 248 400 1040 300 440 700 326 735 525 206
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  • Article
    In Kuala Lumpur
    1860 10 BID and offer prices officially listed sad frutmsi to «ad reported to the Kuala I .uni pur Stock yesterday. with the number of shares traded shown in bracket* in lots of 1.000 units unless otherwise Mettled INIHBTBIALS 4m> (2 306 2.906) (3168) Akaa (1.748 1.755) (2) 1.71
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  • Article
    Investors on buying spree
    792 10 SHAKE price* m a Ike exchange far the yesterday m is vectors west •a a buying spree. A* a remit, yesterday's trading vstsme amsaatod to hefty 11.63 mllltea amlta, mahlag it the highest torsever far the year as far aad comparable to the MJS millies shares
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  • Article
    KL shares chalk up strong gains
    582 10 SHARE prices maintained this week's good run-up at the Kuala Lumpur stock market yesterday but most prices closed at off-best levels on some late selling. Boosted by Wall Street's 25-point advance the previous day, values opened generally steady. However, the light selling towards the
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  • Page 10 Advertisements
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  • COMPANY NEWS
    • Article
      Lock icon Occidental Petroleum happy with acquisition of Cities
      1677 11 NYT DR ARMAND Hammer is happy about Occidental Petroleum's US$4 billion purchase erf Cities Service. "It's a great acquisition," said Occidental's 85-year-old chairman. "I'm happy with it." And, taking aim at the seven major oil companies, he gleefully added: "It may be that
      NYT  -  1,677 words
    • Article
      CCM gets new managing director
      302 11 CHEMICAL Company of Malaysia Bhd (CCM) has announced the appointment of Mr John Dunkley as its new managing director. He succeeds Dr Alan Kemble, who will retire shortly, after serving the company for 12 years. The announcement was made by CCM chairman Mr JD Rush
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    • Article
      Market expected to consolidate
      792 11  -  Market Talk... By CHAN OI CHEE A SIGNIFICANT economic upturn in South-east Asia, including Singapore, is unlikely to materialise before 1984. In the short term, therefore, some consolidation looks necessary for the local market as it seems to have run ahead of fundamentals. This not-too-optimistic outlook
      792 words
    • Article
      Corporate Roundup
      385 11 PHH1P Morris be, which reported record earnings and revenues for the fourth quarter and year, said operating income of its Miller Brewing Co rose 37 per cent to US$158.8 million, reversing a two-year decline. The company attributed the Miller turnaround to lower commodity prices and improvement in operating
      385 words
    • Article
      Unit trusts
      183 11 ■MiiNUUNirilWI (Hnnin ptw tar iM 11) The Commerce J OB LM The Saving* Fund LTT 1* S'pare Prof Fund 1.37 1.44 S parc Sec Fund 2.07 117 S'pare Invest Fund 1.11 LIS S'pare Equity Fund 133 1.40 tat IMPP *D|Wr DIAMOND MOT STOIC (MisigiH' pri— tm J— M
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    • Article
      COMPANY MEETINGS
      48 11 THE Straits Time* Firm (197S) United: Annual General Meeting to be held at Supreme House (11th Floor), Penang Road, Singapore, on Feb 4 at 12.30 pm. Annual Genend "Meeting to be held at 11th Floor, Supreme House, Penang Road, Singapore, on Feb 4 at 12 noon.
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    • ASIAN STOCKS
      • Article
        Prices finish firmer
        372 11 HONGKONG THE STOCK market yesterday closed firmer but below the day's highs with the Hang Seng index ending Just below the 900 level at 899.82, up 15.10, brokers said. Prices rose initially following the sharp rise on Wall Street but persistent local profit taking later pared the
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      • Article
        Tokyo shares end higher
        405 11 THE Tokyo stock market yesterday rose sharply on active buying of low-priced domestic industry issues with sentiment enlivened by the overnight upturn on Wall Street, dealers said. But international populars were mixed due to caution about high price levels. The market average rose 72.29 to 8,014.61
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      • Article
        Bangkok
        112 11 SHARE prices yesterday closed slightiy lower in inactive trading, dealers said. JAM a tabu Charoona Thai w*» m -4 Plraatona nm mm Ooodj^ar KUB -03 Industrial rtnanCm Cora JaiapcaUian Cmm 171 J« uncb mt 1SU0 uncb 141 -t •fatal Has Rama Towtr 4&JB -0-5 ■.k. Unkvi in unrh 1
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      • Article
        Manila
        88 11 SHARE prices yesterday closed mixed in a sharply reduced turnover of 9.84 million pesos, down from 124.43 million on Thursday, dealers said. "*p 1 uncb HI U1 4U1I M Met Pint Phil HKl«i Laiwnto B UarlnduVM UtrMM! OncnuJ B L00U »UM L091 unch Phil Owniu PhLKi B LOU -rooi
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      • Article
        Sydney
        359 11 THE market yesterday slipped in late trading to close mixed with a firmer bias, following the announcement that BHP had agreed to acquire Utah International and Utah-Marcona for US$2.4 billion. BHP fell 38 cents to A 56.76 on a turnover at almost $3.0 million following news of the agreement
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      176 11 Johan Holdings Berhad (Incorporated in the States of Malaya) General Offer by Rakyat First Merchant Bankers Berhad for and on behalf of Johan Holdings Berhad (Johan) to acquire the balance of shares not already owned by Johan in Jacks International Limited (Jacks) Announcement of General Offer becoming unconditional. The directors
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    • Advertisement
      Page 11 Advertisements Column 2
      35 11 Johan Holdings Berhad has acquired 3,362,881 ordinary shares of Ssl.oo each representing 33.6 per cent of the paid-up capital in JACKS INTERNATIONAL LIMITED Johan Holdings Berhad was advised by RAKIW fUSI lIICMHfIN BAWRSOERHAD January 1983
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  • Chief Price Changes
    • Article
      SINGAPORE
      161 12 Rises Indices Uhi Benut M A A Utd Malacca C Sugars M B F Hldgs Uetan Metro Hldgs Hong Leong lad F E Levingstoo Pan-El O C B C H Leong Fin 490 aoo 490 1180 000 515 800 730 515 289 915 810 232 100 50 40 25
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    • Article, Illustration
      KUALA LUMPUR
      171 12 Rises Indices Jan 27 Jan 28 M A A H L Ind Ulu Benut Central Sugars HL Credit M B F F E L'ston PMC Petaling Tin FAN U 0 Land Pegi Public Corp Hume Genting 700 830 535 1290 600 660 555 690 1020 795 256 286
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    • Article
      Selected indices
      51 12 FINANCIAL TIMES Friday 800.82 INDUSTRIALS Thursday 884.72 Thursday 611.6 Week Ago 871.00 Wednesday 614.4 AUSTRALIAN Week Ago 624 8 INDUSTRIALS DOW JONES AVERAGE Friday 672.7 INDUSTRIALS Thursday .660.5 Week Ago 667.3 Thursday 1063.65 Wednesday 1037.00 ALL ORDINARIES Week Ago 1070.82 536 6 H.K.HANG SENG Thursday 536.4 Week Ago
      51 words
  • Article
    LONDON STOCKS
    797 12 THE market opened firmer in quiet trading yesterday in line with Wall Street's gains on Thursday night and on steadier sterling, dealers said. The Financial Times Index at noon was up 5.4 points at 167.0. Oils were higher with BP and Shell up 4p at 316 and 410
    797 words
  • Article
    Malaysian Mosaics appoints new director
    150 12 MALAYSIAN Mosaics has appointed Datuk Nasir Yeo as a director of the company. He replaces Dr R Thillainathan who resigned from the board on Dec 31 last year. Datuk Nasir Yeo is one of the major shareholders of Malaysian Mosaics, which is proposing to acquire
    150 words
  • Article
    Alfa-Pacific sets up research unit
    99 12 ALFA-PACIFIC Securities (Pte), the newest stockbroking firm in Singapore, has set up a research unit. A team of five investment analysts headed by a former senior officer from the Monetary Authority of Singapore, Mrs Ng Lei Piar, has been appointed to run the unit called
    99 words
  • Article
    F Merlin to inch deeper into Aussie hotel line
    653 12  -  SBIBBI Companies Editor: Mano Sabnani By FLORENCE CHONG,ALAN LEE HOTEL and property group, Faber Merlin Malaysia Bhd, is planning to move into the Australian hotel and property business in a big way. The group has already secured a toe-hold in the
    653 words
  • Article
    COMPANY BRIEFS
    247 12 THE LMg-Term Credit Baak «f Japaa N V US$44 mlMaa gaaraateed Oaatlag rate nates die 1KZ have been fully redeemed on July 27 1982. Therefore, the notes will be removed from the SES' official list with effect from Monday, Jan 31. MALAYAN Cemeat Bhd has informed the Kuala
    247 words
  • Article
    Bumiputra M'sia a major financial backer of Carrian
    681 12 BUMIPUTRA Malaysia Finance Ltd (BMF) has been a major financial backer of the financially troubled Carrian group from the start of the company's aggressive venture into properties at the end of the *****. Bank Bumiputra Malaysia Bhd's wholly owned Hongkong subsidiary has
    681 words
  • Article
    Brunei is buyer of UOL Jervois Road property
    283 12  -  By CHOO AI LENG THE BRUNEI government has been identified as the buyer of United Overseas Land's residential property at Jervois Road. An official of the Brunei Government Agency in Singapore confirmed the land purchase yesterday. He, however, declined comment on what
    283 words
  • Article
    RESULTS DUE
    325 12 Date La ■tFill Yei ir Cwnpuy PerM Am—cod Net EPS Gross Pre-tax laat year (eeate) Dtv. Preflt UIC <%) ($tM) F 19/11 2.8 5.0 4,916 MBF Hldgs F 7/12 28.5 9,795* Kings F 5/1 7.8 7.5 6,392 Killinghj.11 Tin F 7/1 84.9 60.0(b) 22,099 Rahman Hyd F 7/1
    325 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      277 12 HERE? HICH?WHICH? WHY? WHY? WHY? Solve Your Investment Quandary Solve Your Investment Quandary ro Solve Your Investment Quaj To Solve Your Investment Qi [To Solve Your Investment 'To Solve Your Investment] To Solve Your Investment To Solve Your Investment To Solve Your Investment To Solve Your Investment To Solve Your
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      66 12 OUTLOOK for today: Showers in a few areas in the late morning and in several areas in the afternoon. Report for 24 boors prior to 7.31 pm on Jan 28 ot the airport: Maximum temperature 29.6 Associated humidity 69 Minimum temperature... 23.9 Associated humidity 97 Hours of sunshine 4.25 Rainfall
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