The Business Times, 26 March 1983
1983-03-26
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The Business Times
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Title Section11 1983-03-26 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MARCH K, IMS 60 CENTS11 words
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392 1983-03-26 1 CONGLOMERATE Malayan United Industries, which is said to be eyeing Cycle and Carriage Ltd, has experienced a sharp slowdown in profit growth (or 1962. Group pre-tax profits rose 8.3 per cent to M 964.17 million for the year ended Dec 31, 1982, from392 words
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203 1983-03-26 1 AFP THE Dutch Philips electronics group yesterday it mi wad its call for European cooperation to beat Japanese competition in the market for consumer electrical goods. The appeal came during publication of the annual report which recorded a 21 per cent increase in profitsAFP - 203 words
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Article307 1983-03-26 1 BERNADETTE CHOOI - By BERNADETTE CHOOI KEPPEL SMpyard to making an Mtral rate imp wMek wU leave It Mjtag a find totoeast rate en UB$M adUton ti tto hntwhp tor the next sevea years. Under the arraagemeat, wttk the Cttiearp Capital Markets Greap aettag aa Intermediary, Keppel will307 words
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229 1983-03-26 1 THE Ministry of National Development has relaxed building guidelines for private bousing to promote the multi-tier family. The policy of encouraging multi-tier families is already promoted by the Housing and Development Board through its priority allocation scheme. The relaxed guidelines announced yesterday cover condominiums,229 words
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Article519 1983-03-26 1 KOH TSE YING - By KOH TSE YING GOLD has not lost its glitter as an instrument of investment and in spite of its price volatility, it is still the safest medium for preserving wealth. Mr John Schneeberger, senior assistant vice-presi-dent of Credit Suisse (Hongkong), said this yesterday at519 words
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267 1983-03-26 1 MATTEL Electronic, Atari's strongest contender in the video game market, has invested more than 15 million here to make game cartridges for its Intelllvision video game sets. The bulk of the money will be used to buy highly automated machinery. The company267 words
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BRIEFLY...
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Article65 1983-03-26 1 UPI FILIPINO officials have expressed fears that a prolonged drought would bring starvation in the rebellion-torn southern Philippines. Opposition assembly-man R Canoy urged President Marcos to declare an emergency in the drought-stricken areas of Mindanao 800 km south of Manila. He said the severe dry spell "hasUPI - 65 words
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Article76 1983-03-26 1 UPI THE American House of Representatives has approved and sent to President Reagan a US$4.6 billion jobs and recession relief bill, ending the threat of empty unemployment checque accounts in more than two dozen states. In addition, the bill carries $5 billion for federal loans to 28UPI - 76 words
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Article70 1983-03-26 1 Reuter THE UK government will allow sterling to float and does not plan to give massive support to the currency, now at US$l.45. Sources close to Prime Minister Thatcher in London yesterday said: "There's nothing magic about $1.45." Some foreign exchange dealers had suggested the government mayReuter - 70 words
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Article61 1983-03-26 1 AFP THE Malaysian Chinese Association, a major partner in the ruling National FYont coalition, yesterday failed in its bid to persuade its president, Datuk Lee San Choon, to reverse his decision to quit the party post. Datuk Lee, 48, the Minister of Transport, told the centralAFP - 61 words
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Article66 1983-03-26 1 UPI AMERICAN agriculture officials yesterday concluded a three-day meeting with Soviet officials in Moscow without receiving a commitment for new grain purchases by the Soviet Union. Alan Tracy, acting Under-secre-tary of Agriculture, said although Moscow is expected to buy more than the six million-tonne minimum purchased so far,UPI - 66 words
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Article64 1983-03-26 1 AP AMERICAN marines and the Israeli army have set up two new communications channels in an effort to avoid further friction between the two forces, a US Embassy spokesman said. The commander of the marine peacekeeping contingent in Beirut, Colonel James Mead, met Brigadier-General Amnon Lifkin, commander ofAP - 64 words
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Article67 1983-03-26 1 Reuter THE Soviet Union launched a satellite yesterday that can locate ships or aircraft in distress, Tass news agency reported. Kosmos 1447, which will orbit the earth at an average distance of 1,000 km, also carries instruments for space research. The official newspaper Pnvda said another satellite hadReuter - 67 words
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Article428 1983-03-26 1 LOH HUI YIN - By LOH HUI YIN OIL COMPANIES today reduce their petrol and diesel pump prices, with all the five companies quoting the same retail prices. Premium petrol now costs 104.6 cents a litre, down 7.6 cents. Regular petrol is 92.0 (100.8) and diesel is 60.4 cents428 words
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276 1983-03-26 1 AP AMERICAN government officials may be considering a ban on exports to the US from countries or companies that ship strategic goods to the Soviet Union. The idea was discussed in Washington by Peter Rees, Britain's Minister of Foreign Trade, in meetings withAP - 276 words
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Page 1 Advertisements
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Advertisement246 1983-03-26 1 -limes FOR the first time since 1969, the reserves of governments throughout the world showed a decline at the end of last year Page 2 SINGAPORE workers have gone beyond the bread and butter issues of everyday living and are beginning to look for challenges and achievements Page S SRI246 words
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Advertisement95 1983-03-26 1 geneml knowledge ENCYCLpPEDIA >s V t»#4 *0% Ul3Slt« -u. tea* THE JUNIOR l\\*& 1 GENERAL V J KNOWLEDGE S ENCYCLOPAEDIA Knowledge abounds in this wonderful new encyclopaedia for children aged between eight and twelve years old. There are eleven sections with each subject presented in full colour on an easy-to-read95 words
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Advertisement232 1983-03-26 1 II f i MI Halison TOE HEEL CUSHION SOCKS FOR ALL SPORTS pi Hippies BRAND SHOES Top dog in walking shoes since before people knew what to cal them. jf 1 iJI r J W' y THE ORIGINAL WALKING SHOE. Before people knew what to call them, we made shoes232 words
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BANKING AND FINANCE
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Article626 1983-03-26 2 AP NYT FOR THE first time since 1959, the reserves of governments throughout the world the money they set aside for emergencies showed a decline at the end of last year. The International Monetary Fund in Washington yesterday calculated the total holdings of its membersAP; NYT - 626 words
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Article121 1983-03-26 2 AP OFFICIALS of a bank in Saipan, Northern Marianas, have been jailed on charges of defrauding US and Mexican depositors of US$l7 million, US government officials said. Officials of the Merchant Bank and Trust Company took advantage of loose regulations for onshore and offshore banks inAP - 121 words
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358 1983-03-26 2 Reuter CAPITAL market interest rates in West Germany still have room to decline this year, even though the Bundesbank feels it has exhausted its leeway for relaxing policy. Dresdner Bank AG management board member Wolfgang Roeller in Frankfurt yesterday said longterm bondReuter - 358 words
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198 1983-03-26 2 THE London branch of the Central Rank of inrft* is making its debut in the Asian dollar market with a US$2O million floating rate certificates of deposit issue. The par-priced issue will have a maturity of four years with an option for the issuer198 words
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141 1983-03-26 2 Reuter THE UK government does not have the power to determine precisely the shortterm fluctuations of sterling, UK Treasury Economics Secretary Jock Bruce-Gar-dyne said. He told Parliament the government is pursuing a sound economic policy which will ensure that sterling will be firmReuter - 141 words
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458 1983-03-26 2 Reuter CHILE is seeking US$l2 billion in new loans tram international banks, in addition to requesting the refinancing of $3.5 billion of principal repayments falling due this year and in 1964, Finance Minister Carlos Caceres said in Santiago. He said he will travel toReuter - 458 words
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455 1983-03-26 2 Reuter ARGENTINA'S public sector is mounting a concerted effort to bring more than US$6OO million in interest arrears on foreign debt to date as part of its campaign to facilitate accord on rescheduling its public sector debt due in 1983 and owed to foreignReuter - 455 words
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Article238 1983-03-26 2 VENEZUELA is suspending capital repayments on most of its public sector foreign debt until July 1 to allow more time for a formal debt restructuring, bankers said in Caracas. A telex went out to hanks this week informing them that interest payments would continue to be made238 words
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401 1983-03-26 2 UPI IRAQ, strained by war against Iran and its dwindling oil earnings, has negotiated a US$5OO million loan from a syndicate of US, European and Arab banks, banking sources said. The five-year loan, designed to help Iraq tide over its international trade deficit, willUPI - 401 words
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Article258 1983-03-26 2 Reuter THE US Federal Reserve may be adopting a more restrictive policy in response to above target money supply growth, but any tightening will not be extreme. Elliot Piatt, economist at Donaldson, Lufkin and Jenrette Securities Corp, said any tightening will be extremely slight andReuter - 258 words
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Article67 1983-03-26 2 Reuter BOLIVIA has reached a preliminary accord with its foreign creditors to postpone foreign debt capital repayments falling due over the next six months, a senior Bolivian central bank official add. Hugo Duchen, the central bank's manager for external bank financing, said the accord was reached inReuter - 67 words
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MONEY AND EXCHANGE$
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Article22 1983-03-26 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.23 per cent.22 words
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Article121 1983-03-26 2 THE dollar for overnight delivery closed firmer yesterday at 237.35 yen in quiet trading after opening at 236.70, dealers said. This was virtually unchanged from the 237.30/45 finish in New York overnight, but below the 238.40 close in Tokyo on Thursday. Trading volume was USSI.O2 billion. The dollar was121 words
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Article47 1983-03-26 2 Opening quotes yesterday: US —1.4580/90 Can —1.7910/35 Crass 1.2276/79 D Mk 3.5250/85 D F1 3.9600/70 S FT 3.0080/0120 B FY con 69.58/70 F Ft 10.5640/5860 Lit 2101.00, 2105.35 Yen 344.65/345.20 D Kr 12.5140/5270 N Kr 10.5020/5135 S Kr 10.9765/9960 Aus Sch 24.77/80 Port 140.65/143.00 Spain —198.29/6447 words
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Article49 1983-03-26 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 28 to Mar 31: Offered: 1160,000,000 Applied tar: 1296,500,000. Allotted: $160,000,000. Accepted Mia: $99.42 approximately 68 per cent; higher bids in full. Average rale ef disceant •a altotmeat: 2.305 per cent per annum.49 words
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Article437 1983-03-26 2 THE US dollar was firm yesterday morning but slid in the afternoon on the local foreign exchange market. It opened at 2.0910/25 against the local dollar but moved up slightly in the afternoon to 2.0940/50. It closed at 2.0915/25. Wstut hrwiri mtn K1 pat: One month 2.M70/108K Two437 words
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Article177 1983-03-26 2 ASIAN ASIAN currency deposit Interbank rates as at close on March 25: US IMIurfW) Offer Bid 7 days 9 13/16 911/16 1 month 9* 9* 2 months 9H 9* 3 months W9/16 97/16 6 months 911/16 99/16 9 months 9 13/16 911/16 12 months 9% 9* Oat. Switi. lUUJL 1177 words
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Article45 1983-03-26 2 RANGE o4 prv m offered by diacount houses on March 25: Overnight: 3 Call deposits: I>iH Clocimc Bayiaf 8eUia< 3-month Treasury bills 2H 2H 3-month Bank bills 611/16 69/16 3 months CD 65/16 6 3/16 6 months CD 6V, 6H Source: National Discount Co45 words
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Article309 1983-03-26 2 GOLD FUTURES in Singapore yesterday closed generally firmer compared with overnight New York levels, in light trading, dealers said. The market opened slightly firmer and then moved narrowly during the morning's quiet session. Total sales for the day, including kerbs, was 332 lots. Prompt closed higher at U*****.50/415J0 an309 words
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Article35 1983-03-26 2 New York 10.348 10.57B 10.415 10.MS Zurich 10.538 10 MR lo.cas 10 JDS N nan Singapore 10.458 10.538 10J5S tt.OS Closing prk •ei In US doilari a troy ouno Source: Credit Suisse, S'pore35 words
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Article94 1983-03-26 2 THE US dollar was little changed against other major currencies yesterday in very quiet and featurless trading, dealers said. The dollar was little changed at 2.4195/4205 marks against an early 2.4196/4205 after falling from New York's close of 2.4220/ 35. It edged lower to 237 00/ 15 yen from94 words
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Page 2 Advertisements
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Advertisement85 1983-03-26 2 9TH EDITION MIDDLE EAST REVIEW "83 THE MORAL POWER OF THE PLO LIBYA'S NUCLEAR PROGRAMME THE US RAPID DEPLOYMENT FORCE: A MILITARY MAMMOTH? EEC MIDDLE EAST RELATIONS Available at all good bookshops. $35.95 ORDER NOW! Please send me copy/copies of 'Asia Pacific 1983' at $35.95. My cheque/MO/PO for in full85 words
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TRADE AND INDUSTRY
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438 1983-03-26 3 CATHAY Organisation will invest about 11.4 million in 1983 and 1964 to expand its chain of Orange Julius fast food restaurants and counters in Singapore. The units will be set up at most, if not all, of the cinemas in the Cathay group438 words
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420 1983-03-26 3 THE development of Serangoon New Town by the Housing and Development Board will consolidate, rather than encroach, on the existing private estates. In its first "consolidation" project, HDB will, through the use of buffers such as schools and some low-rise blocks, blend in Serangoon420 words
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Article803 1983-03-26 3 SEMINARS AND COURSES March 14-28 (Mondays, Wednesdays and Fridays): Training Course for Safety Committee Members, Cuppage Centre, NPB March 14-April 6 (Mondays, Wednesdays and Fridays): Marketing Management, Cairnhill Community Centre, NPB March 15-31 (Tuesdays and Thursdays): Industrial First Aid for Supervisors, Cuppage Centre, NPB March 16-April 13 (Mondays,803 words
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316 1983-03-26 3 OFFSHORE oil and gas exploration activities in the Asia Pacific region show no sign of slackening, according to figures released by international energy advisers, Gaffney, Cline and Associates. Exploration activities during the fourth quarter of last year continued to grow316 words
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Article, Illustration86 1983-03-26 3 FELIX Lee has Joined Argus Advertising (Pte) Ltd as its account director. Prior to his appointment, Mr Lee was with Dot A Line (S) Pte Ltd, a local agency, involved with consumer and technical-orient-ed accounts. He has also had experi- ence in the marketing field, and a86 words
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Article, Illustration325 1983-03-26 3 AN AUSTRALIAN company, Haig Coatings of Melbourne, has developed an electrostatic system for applying powder coating the alternative to wet paint finishing of metal. The equipment is a neat, compact unit comprising a cabinet, replaceable powder hopper and electrostatic gun. One of the patented features is the powder325 words
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540 1983-03-26 3 HONGKONG'S giant Swire group plans to compete with IBM Singapore for a slice of the lucrative small business computer market here. Swire has budgeted HK$2 million this year (or promoting the Victor business computer in the Asia-Pacific region. A540 words
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Article118 1983-03-26 3 THE Customs and Excise Department yesterday took delivery of five new speedboats under a $270,000 .fleet renewal programme. Three more speedboats will be delivered during the next three weeks. The 23-foot patrol craft, with a top speed of 32 knots, were built by Chua Heng Industries (Pte)118 words
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424 1983-03-26 3 TSANG SAU YIN - By TSANG SAU YIN SINGAPORE workers have gone beyond the bread and butter Issues of everyday living and are beginning to look (or challenges and for achievements defined as esteem and self-ac-tualisation needs. Dr Wong Kwei Cheoog, Minister of State (Labour) and424 words
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Page 3 Advertisements
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Advertisement141 1983-03-26 3 Baron's Table Sunday Branch... 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,141 words
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OVERSEAS
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483 1983-03-26 4 AP A HONGKONG lawmaker has urged a public boycott of French brandies in retaliation against France's trade restrictions on the British colony. "The French invented the guillotine but they use it against us, drowning us in a sea of lethal brandy butAP - 483 words
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480 1983-03-26 4 Reuter SRI LANKA, spurred by the success of its first free trade zone in Colombo, is setting up another to attract foreign investment and create Jobs. It is being established at Biyagama, 24km from Colombo, close to the Kelani River. The newReuter - 480 words
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445 1983-03-26 4 Reuter VETERAN Foreign Minister Andrei Gromyko has been named as one of three Soviet first deputy prime ministers in a move apparently foreshadowing his eventual departure from the ministry he has headed since 1967. Foreign diplomats said the move was on paperReuter - 445 words
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Article704 1983-03-26 4 ARRIVALS Service Local Operator Number Tine From FT FT71 0040 JFK/ORD/ANC/ SIA NRT/TPE/KUL SQ11 0106 LAX/TYO CAL CI331 0220 TPE PAA PA005 0245 JFK/SPO/HKG SIA SQ101 0815 KUL MAS MH601 0920 KUL MAS MH682 1000 KCH RBA BI421 1000 BWN MAS MH671 1020 KUL CPA CX710 1030704 words
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370 1983-03-26 4 A LONG-running battle between the Philippines' powerful oligarchs and its largely landless poor has spilled into South-east Asia's largest freshwater lake lapping the outskirts of Metropolitan Manila. The conflict, pitting wealthy families against small fishermen, has caused vigilantes to tear down rich370 words
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225 1983-03-26 4 AP A SCIENTIST who studied acid rain in Europe and the North America has criticised Britain, the US and the Soviet Union far a lack of cooperation in programmes designed to combat the problem. But Gregory Wetstone. one of the authors ofAP - 225 words
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264 1983-03-26 4 Reuter BIRTH control pills do not cause breast cancer and may even protect women from cancer of the ovary and womb. The American Medical Association in Chicago yesterday published research findings which, although not new, are the first to be basedReuter - 264 words
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170 1983-03-26 4 AP A DOCTOR is offering "an almost 100 per cent successful" cure for hiccups, although he says he can only guess at the reasons for its effectiveness. "Hiccups are a common and annoying symptom for which many remedies have been tried without consistent success,"AP - 170 words
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Article169 1983-03-26 4 Reuter THE European Economic Community in Brussels, in a break with traditional development assistance, yesterday outlined radical pb>n« for a new long-term aid programme designed to increase self-reliance in poor countries. "It is not a question of projects but policies," said Edgard Pisani, the commissionerReuter - 169 words
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551 1983-03-26 4 NYT IN ASKING for an "intensive" national effort to create an effective defence against nuclear attack, President Reagan of the US is apparently seeking to begin a sweeping, longrange change in national strategic doctrine. In his televised speech on Wednesday night, be called hisNYT - 551 words
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Article949 1983-03-26 4 VmmI Barth Arrival Departure Hock Slong MW 263/0700 263/1500 KEPPEL WHARVES Hong Woon Intl Samudra Iramuar MW 263/0700 263/2300 E Oldendorf f 35/6 alongside 263/1500 MW 263/0700 273/2000 Frotas&ntos 31/2 alongside 263/1500 MW 263/0700 273/0700 Jenson II 21W alongside alongside 263/0700 Selat Jaya MW 263/1000 263/2000 Jenson949 words
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499 1983-03-26 5 Reuter AMERICAN Treasury Secretary Donald Regan has predicted brighter economic days ahead for most of the industrial powers, but said France must conquer its inflation problem to keep the franc troth tumbling further. "I happen to think the OECD (Organisation for EconomicReuter - 499 words
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247 1983-03-26 5 Reuter US CONTRACTS for new construction fell per cent in February after being strong in January, the FW Dodge division of McGrawHill Information Systems Co said. February's total spending for newly started construction was USSU.3 billion and the seasonally adjusted DodgeReuter - 247 words
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472 1983-03-26 5 AP Reuter AN AMERICAN government agency has ruled the US stainless and alloy tool steel industry has been injured by imparts and will recommend a remedy to President Reagan on May 6. The US International Trade Commission based its finding on aAP; Reuter - 472 words
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634 1983-03-26 5 Reuter AP A WIDELY-predicted cut in the price of North Set oil, which has helped push sterling to new lows against the US dollar, could be delayed until April. Oil industry circles in London yesterday said the major oil companies areReuter; AP - 634 words
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531 1983-03-26 5 Reuter THE UK had a visible trade deficit of £138 million in February after a £491 million deficit in January and a £177 million surplus in February last year. The Trade Department in London yesterday sak} the February current account balance showedReuter - 531 words
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328 1983-03-26 5 Reuter WORKERS who Alternated between day and night shifts were more likely to have acddents and suffer stress end other problems, a US congressional committee was told. Harvard University professor Martin Moore-Ede told the House science committee humans had an internal biological dock thatReuter - 328 words
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490 1983-03-26 5 Reuter WEST German Chancellor Helmut Kohl, seriously underestimated by friend and foe, has emerged as the dominant figure from talks on his new coalition government. He has shaped his new three-party team in record time and skilfully outmanoeuvred his right-wing Bavarian rival, Franz JosefReuter - 490 words
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WORLD IN BRIEF
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Article469 1983-03-26 5 Agencies BRITAIN'S opposition Labour Party won a by-elec-tion in the north-eastern constituency of Darlington, more than doubling its majority at the 1979 general election. Political analysts said Labour candidate Oswald O'Brien's victory by 2,412 votes makes an early general election less likely. JAILED Soviet spy HaghAgencies - 469 words
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Page 4 Advertisements
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Advertisement23 1983-03-26 4 Pan Am To Hongkong Daily At 8.15 am The first f light Out Ihe first Hi 1~ Pan Am.Ybii C ant flu- Fxpericniv.23 words
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Page 5 Advertisements
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Advertisement125 1983-03-26 5 Singapore Symphony Orchestra Special Concerts April 15 16, 1983 Victoria Concert Hall 8.15 pm Conductor: Choo Hoey Soloists: Dennis Lee Toh Ghee Hung Tan Boon Teik Programme for April 15 16: Concerto Grosso No 12 in C, Op 3 Concerto for Three Pianos and Orchestra No 7 in F, K.125 words
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Advertisement0 1983-03-26 5 <{"(~]>\]>]==:|*:$/<}/|--\);)-;0 words
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Advertisement341 1983-03-26 5 TIMES INTER-BUSINESS HOUSES ATHLETICS MEET National Stadium Saturday, October 8,1983 Events MEN WOMEN 100 m 1,500 m 200 m 3,000 m 400 m (FOS c LY) OAA 5,000 m WOm (FOR MEN ONLY) 4 x 100 m 4 x 400 m Triple Jump (FOR MEN ONLY) Long Jump High Jump341 words
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Article446 1983-03-26 6 WAKING UP is a simple matter of mind over mattress. The task gets easier on weekends when most people feel that there is something worth waking up for, even if it is only an afternoon nap. Those who are able to spring out of bed fresh446 words
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Article, Illustration788 1983-03-26 6 ERICA BROWN - By ERICA BROWN NYT TAKING snuff was the epitome of elegance 150 years ago, complete with its own social ritual. In modern times it has been associated with eccentric minorities such as university professors and maiden aunts. But now it looks as if itNYT - 788 words
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Page 6 Advertisements
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Advertisement168 1983-03-26 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 torw arder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space tor vou You'll he reaching a very select group168 words
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Page 6 Miscellaneous
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Miscellaneous192 1983-03-26 6 TVO-11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 9 A bad time of year for children (9) 10 Afraid if I sleep I can get rolled (»,1,5) 12 The cattle arc without water (4) 13 Lawn* the churrhmas and myself inside (6) 14 At oae meet, perhaps, outride or at tar (S-4) 15192 words
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Miscellaneous50 1983-03-26 6 \./^`>(_++:("},_`_`*<!*@({_^?+< 1 Attracted by, to lea vtng becumo«(M) 9 Do« he have a epealrtnt rote in the tennis dim? (S) 4 Con—ted to having the old let in again (I) 5 They play first in Spain, for a change (t) ff The penultimate tub sot disposed of in the Jumble50 words
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Miscellaneous505 1983-03-26 6 7 Criticise each ridiculous swagsr (7) t Hex sad I come bjr car from Ike Itallaa resort 11 Shot up when the man com— ta with the ornament (D 16 Goo— it something sllmmen shouldn't —t (9) 19 Standing up to put oa the 30 Pop back with the cask505 words
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Miscellaneous908 1983-03-26 6 >***** SINGAPORE 5 1.00 PM Open* felewed by Sesame Street: Children's educational programme. 2.00 Btodcstar The Overlord's Big Sped: The Overlord creates his most powerful sped, which saps the entire planet's energy. This leaves Mva weak and helpless. 2.20 Sahrtay Mattaee KM* Cewtas(r) 4.00 ABC Mia World Of Sports: Today's908 words
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673 1983-03-26 7 IKUO ANAI - By IKUO ANAI Reuter FOR centuries, the brief appearance of cherry blossom has been a symbol of the beauty and transience of life for the Japanese. Millions of people hold traditional blossom-viewing parties every spring as the "cherry blossom front" moves northReuter - 673 words
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423 1983-03-26 7 STRAWS in the "Wind ACRONYMS along highways, already puzzling (or motorists, look set to make direction-finding seem more like a game of Cluedo. Among the newest are still covered-up signs along Braddell Road and Ang Mo Kio Avenue 1,423 words
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Article, Illustration432 1983-03-26 7 AIS A PADDLE-wheel boat, the Nepean Belle, was launched late last year on one of Australia's most scenic inland waterways. Styled on the showboats of an earlier era, it plies an attractive stretch of river that was once used exclusively by rowers and water skiers.AIS - 432 words
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Article, Illustration604 1983-03-26 7 NYT THREE hundred people spent a recent sunny afternoon in the shade of a big white tent in Miami, Fkrida, listening to the patter of an auctioneer hawking luxury condominiums, many of which were sold at discounts of US3O* to 45* on theNYT - 604 words
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Page 8 Advertisements
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Advertisement781 1983-03-26 8 Where to wine, dine and entertain with the American Express' Card My™ (k>n t have the Card, call *****33 for an application form" rl m MMM For sushi. For teppanvaki. For other authentically Japanese delights. i ■:< ip. < >r wstrr<itn >ns (ill '■>'/ ff)/ 7 iL(§ ••iiui i*\ I781 words
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Advertisement160 1983-03-26 8 to the musk of the'Umndci bh Js Sink into a aoft chair in tttiafyinf drink in your K own eoay apot, a RaUx, in tha baa And ths drinks finsHy hit you, Ist your thought* matt while the mutic of THE TMUNOBRBIRDS fiiis your head. Drop in J 1.00 am160 words
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RAW MATERIALS
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Article583 1983-03-26 9 COFFEE: London robusta coffee futures ended the morning yesterday steady after fluctuating in a relatively narrow trading range in moderate activity. Prices were unchanged to £15 a tonne higher. Turnover totalled 1,103 lots including 11 options and 178 self-trades. SUGAR: London raw sugar futures ended the morning between583 words
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Article330 1983-03-26 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 0.72, 100 per cent third class 0.68, 25 per cent new crop 0.58, B-10 per cent 0.67. THAI BROKEN: A-super 0.60, Special 0.56. THAI330 words
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Article178 1983-03-26 9 CHINESE Pw4»w Ruluge, fßnfpart. mm eMa( prtaes per 1M kg yw>w4»y. Cmmil all: Bulk fob 195.00 sellers, old drum (in second hand drum) fob $108.00 sellers, new drum fob (112.00 sellers. C«pn: Mixed (loose) $55 buyers. Pepper: Muntok white pepper fob Asta NLW $360.00 sellers, Sarawak white pepper178 words
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Article165 1983-03-26 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CettM yara: China Blue Phoenix 20s 2,485 32s 2,980, 40s 3,220 (per bale of 400 lbs). Piece gssis; China Butterfly and Globe brand unq; Dragon Head unq, Paktetaa raw nOn: LSS 6.10, 4F165 words
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Article142 1983-03-26 9 THE Malaysian crude palm oil market yesterday closed easier on pre-weekend selling and lack of interest in quiet trading. In Mch, central tell M 52.50 to 1732.50 a tonne and south was unchanged at $740 while in Apl, north and south lost $2.50 each to $740 and 1737.50142 words
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Article332 1983-03-26 9 RUBBER prices in Singapore yesterday closed slightly higher with April One RSS buyers quoted at 218.50 cents a kilo, up one cent from Thursday's close, dealers said. Morning prices were marked down slightly and fluctuated around opening levels on lower Japanese advices and covering interest, they said. Afternoon prices332 words
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Article343 1983-03-26 9 RAS prices tn cents per kilo yesterday: MAM Buyer Int. 1 R.S.S prompt f.o.b. W OO Iat. 1 R.S.S April 217.00 Int. 1 R.S.S May ***** Int. 2 R.S.S 200JO UK Coot 199 JO Iat. 3 R.S.S 197 00 UK Coot 19( 00 Iat. 4 R.S.S. 117 JO343 words
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Article99 1983-03-26 9 NOON 881 and SMR pnoM y i wtmr. ■A* April (Cm ii Mik) Jwmt (Parward MIA) S8R JO SSR tO m«u (l-MpdMI 1 216.00 1 ***** April 21S.00N 2U.00N Hrwi M 21 a. oo 114.00 JIM lk>r» 220OON 21A00N SMRCV SMRL SMR t SMR CP SMR 1099 words
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Article32 1983-03-26 9 Rubber: March 25 Singapore: April; 218.50 cents (up one cent) Malaysia: April: 240.50 cent* (up 1.50 cent*) Tin: M 530.49 per kilo (down two cents) 240 tonnes (op 140 tonnes)32 words
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Article87 1983-03-26 9 HIGHER efferlags ef •re weakeied the straits tin price la Penaag yesterday by two cents to Ms3Mt a kito, still within the ITA "may hay" level ef $».15 aad dealen aald. They said the buffer stack manager gave support at this tower level hat they differed •a haw87 words
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292 1983-03-26 9 PRICES on the rubber market dropped nine cents on the week. Turnover was moderate with quiet spells due to uncertainty, says HaHiay, Caller ill Bath in its rubber review for the week ended Mar 24. Initially, the market held up fairly well292 words
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Article157 1983-03-26 9 SOYBEAN futures in Chicago on Thursday ranged from one US-cent a bushel lower in old crop to IV* cent higher in new crop. May traded in an 6M<ent range in choppy, fairly active trade. Selling throughout the day was largely profit-taking, as bullish sentiment after Wednesday's sharply higher close157 words
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Article110 1983-03-26 9 WHEAT futures in Chicago on Thursday closed Vi to one US-cent a bushel lower in fairly active trade. May traded in a five-cent range. Wheat prices were strong relative to other grain and soy complex futures, with grain futures easing on Thursday on profit-taking. Some traders said bullish sentiment110 words
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INTERNATIONAL STOCKS
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Article866 1983-03-26 9 NEW YORK THE Dow Jones Industrial Average finished at a record closing high of 1145.90 on Thursday, up 5.03 points. The previous record of 1141.74 was reached on March 7. The New York Stock Exchange index rose 0.35 to 88.20 and advances led declines by 948 to866 words
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Article189 1983-03-26 9 mar m Fro GROUP B CORBEILLE Alr-Llqulde fig B s N Oervals Danone 1540 4-9 46 Carrefour Financier* de l/Union Lalarce Moet-Henneisy ODfi<Parlho« 1300 64 249 965 ♦a -IS 25 tor rnomaonC«f) Cte Francalae des Petroles Credit Fonder De France 198 182 427 10 5-8 unch Penarroya 44 Radlotechnique189 words
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Article80 1983-03-26 9 **AR 24 Pn forward market Or Bra Lamb Hobok Petto Ryl Dutch Sldro 1(30 4545 4735 1105 1340 30 115 30 30 +a Arbed 1230 20 Soc Ocn Belt 1000 25 B rue an 310 1000 unch -10 Solvay A V Mont 2545 4340 45 30 Cock De Bc«rt80 words
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Article70 1983-03-26 9 MAR 24 Aec-Telefunken BASF Dm Hoechst Ho«»ch 142-20 Z2 Horten Karttadt 281 00 BMW KHD Com merchant ConU Oummi Daimler-Benz ***** 82 00 471.00 1 0.5 13 Llnde Mannesmann Preussag Rwe ST A *****B ***** 239 00 moo 43 0.6 Demag OeutKhe Bank Drndner Bank GHH HI 315.00 171.5070 words
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Article80 1983-03-26 9 MAR 24 Lire Mediobanca Mllano Ass Ord ***** -141 BaslOfl 279 Mondadorl Prlv 3820 *n Bel Olivetti Ord Cond Acqua Roma Erldanla Flat Ord 213.25 7800 3012 225 -00 -13 Pirelli And C Pirelli Spa Ru 3201 -124 1879 -41 *****5 322 Qenermll *****0 -475 Rlnascente Ord Sfl Socene80 words
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Article286 1983-03-26 9 MAR M Rand INniTSTRI il l) Un Steel Unlsec Wool worth a tea unch -a A Alpha Abereom AK And CI Amaprop A MIC Bttlon C Q Smith no ao HO 386 3 unch unch -5 unch unch Anglos Aoftvu) MININC8 aa a 2RB0 1110 iteo SSST— isa 3175286 words
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Article184 1983-03-26 9 MAR 34 C$ Hud Bay Mln Imp Oil 17* a* Mean 21* 37* •f Ineo Int Pro* Pipe 15* 27 Ik Alran* Ban* Mont Bank Nora Scotia Bell Tal BP Can Ltd Braacan Camp Red Lake Can Imp Bk a* a* a* HI 28 ZI 34* -12 Int Uts184 words
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Article156 1983-03-26 9 MAR 34 Pli KbO 13 ABN 357JO 1. KLM ***** Ahold itojo g_ Meneba Akio 56 90 2. Nurdtn 3950 23 AMEV Amfu Amrobnk 122.00 92.00 5750 9200 ♦flu 0J oj National Ned Ntdlloyd Nmb 144.50 moo 156.00 45 13 ♦9 Berjoss Berk Boli Oct Orinun Ommeren Pakhoed 190.00156 words
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Article190 1983-03-26 9 MAR 24 Francs Sandos Reg 1856 IS Actions Sulsaes 274 Suiter Pc 286 10 Alusulsse Br 635 15 Sulxer Ref 1800 20 Alusulsse Reg 208 t) Swiss Bank Br 328 1 Brown Boverl Br 1125 40 Swiss Bank Corp Clba Oelfy Br 1830 Ref 247 2 Clba Oelfy p190 words
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Page 9 Advertisements
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Advertisement186 1983-03-26 9 mmrfb Keep up-to-date with the internationally acdaimed and authoritative JANE'S Yearbooks —a ttadition of reliability for 84years. All The VNbrld's Aircraft 1982-83 The indispensable guide I for aviation professionals and enthusiasts alike! Vl The internationally «5r acknowledged standard aviation reference. Provides detailed technical -—t S information on all civil 1186 words
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2308 1983-03-26 10 BID and offer prices officially Listed and business in and reported to the Stocfc«Cxchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. All Tiroes Settlement Contracts are qwted after the2,308 words
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Article186 1983-03-26 10 ■NOlNttlMTTiaff Qlmpw' prtw Me Mm M) The Commerce 1.23 S.O The Saving* Food 1.W l.Ofctd S par* Prog Fund 1.41 1.5J S pore Sec tad LIS LB S pore Invest Fund l.U 1.10 S pore Equity Fad 1.* l.« DIAMOND MOT «TMI (Meaigin' prtaas Mr Mar Feb Diamond186 words
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Article3184 1983-03-26 10 18^2/1983 Hi£l) Low Company Last Sale orGr*s Div Div Cvr Gr"« Y*M Net P/E Vol COOO) Day I High Low »a 8ECTION ONE INDUSTRIAL COMMERCIAL 350 196 237 452 380 141* 229 a 520 450 880 1520 490 Mi 510 1040 334 440 28 790 8Q0 2753,184 words
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Article2024 1983-03-26 10 BID aad oder price* aflldaQy Hated •ad buetneaa in aad reported to tke Kuala Lumpur Slock Eukaap yeeterday, wttfc the aamber of *arca traded ahowa la brackets la lots of 1.000 units aalaaa othenrlee specified —U— Uttm (1MB) (8) 1.8 (17) L» ft (8) I*7 (M) 1*2,024 words
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Article677 1983-03-26 10 STRONG late beytsg lifted prim after a servoas ooi aaeertala «tart at the Wage port stack market theßaaLesß* pestte ladex was 7.28 petals ahead at tMM aai the Straits Times ladastrlal ladex was 1M psißts ap at BSL4&. Darlag the epeaiag hear, trMhg was galet with677 words
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Article444 1983-03-26 10 THE Kuala Lumpur stock market saw a distinct change of mood yesterday as prices rebounded in active trading. After opening slightly higher, prices rose on strong buying throughout the day. Reflecting the firmer trend, the 30-counter New Straits limes Industrial share index was up 9.94444 words
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COMPANY NEWS
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933 1983-03-26 11 NYT LEVI Strauss and Co's inhouse venture-capital fund, set up in 1961, is showing results. Under the scheme, the company, which makes Levi's jeans, offered a dozen competing teams of middle managers a US$5OO,OOO budget to come up with new product ideas. The budget,NYT - 933 words
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Article226 1983-03-26 11 GOODWOOD Park Hetel Limited: Thirty-Fifth AGM to be held in the Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore on March 29 at 11.45 am. HOTEL Malayria Limited: Twentieth AGM to be held in the Ming Crystal Room of Ming Court Hotel, Tanglin Road, Singapore on226 words
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Article448 1983-03-26 11 Date Li wtPall Ym ir Cempeey r,al rfrwd Iwnrd Net EPS Grans Prt tii Mycar <«■*) Dtv. Hi ni ITfOt UIC <%) <$••••) F 19/11 2.8 5.0 4,916 3,988 Robinson I 11/2 5.5 9.0 General Corp F 13/2 12.1 8.4(b) 14,817 OUB F 3/3 26.3 16.0 52,899* OUT448 words
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328 1983-03-26 11 NYT OCCIDENTAL Petroleum of the US, in an effort to strengthen its weak finances, has agreed to sell to Southland the refining, marketing and transportation operations of its a ties Service Co subsidiary, plus part of its inventories of petrol forNYT - 328 words
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427 1983-03-26 11 CHAN OI CHEE - By CHAN OI CHEE PRIMA Ltd's first property venture has got off to a promising start. Construction work on the approved condominium housing project has already started. The building contract, worth $12.9 million, was awarded in January this year. Disclosing this in427 words
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667 1983-03-26 11 FT Reuter THE Dutch Philips group is seeking special EEC tariff protection for its newlyintroduced compact audio disc systems because it needed a "breathing space" in which to build up European sales of the machines. The company, Europe's largest consumer electronics company, said in LondonFT; Reuter - 667 words
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In Hongkong...
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Article67 1983-03-26 11 has reported group net profit after tax and minority interests of HK569.69 million (183.33 million including extraordinary profit) for the half year ended Dec 31,1982. Taxation amounted to 113.16 million ($6.05 million). Earnings per share were 11.6 cents (13.9 cents after extraordinary items). The group has declared67 words
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Article135 1983-03-26 11 Reuter or two will be difficult for the cement industry and Greea tfaad Cement Ce Ltd'* group profit will be sharply reduced and dividends greatly affected, said "the company's chairma$ U Ka-shing said. Earlier, the Cheung Kong Holdings Ltd subsidiary reported a group net profit for theReuter - 135 words
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Article73 1983-03-26 11 has reported group net profit after taxation and transfer from the development fund of $22.37 million ($19.92 million) in six months to Dec 31,1982. Estimated transfer from the development fund was $3.82 million. Earning» per share were 48 cents' (43 cents). The company is paying73 words
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Article112 1983-03-26 11 has reported group net profit of HK52.84 million in the six months ended Dec 31 ($54.91 million) on turnover of 152.04 million ($141.53 million). Earnings per ahare amounted to $1.64 ($1.70). The company is paying an interim dividend of 80 cents (same), payable on April112 words
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ASIAN STOCKS
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Article373 1983-03-26 11 SHARE prices yesterday closed mixed with a slightly weaker bias, due to falls among leading resource stocks, dealers said. Heavily traded Grace Bros and Myer Emporium registered sharp gains, they said. Near the close the All Ordinaries index was down 0.5 points at 507.7. Turnover totalled A&0.94 million, compared373 words
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Article150 1983-03-26 11 SELLING pressure yesterday pushed share prices lower in slow trading, dealers said. MAR B Bahis A ok nun Thai Asia Fibre AyuUiajra In*. And Trust 140 urvch Bangkok Bulk Bank Of Ajrudhan 256 -S Ltd unch Bat* Shoe Berll Jucker MS ♦4 Charooni Thai Wire 110 -6 Firestone First150 words
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Article121 1983-03-26 11 SHARE prices yesterday closed mixed on reduced turnover of 4.98 million pesos compared with 7.29 million on Thursday, dealers said. MAR B Acoje Mnlnf Anflo Phil Apn Mlnlnt B 0.014 unch Atlas Con B. 29 00 unch BifuM Ootd Btniutt Con 0002 ***** It 00 unch -0001 -3 CUCP121 words
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Article518 1983-03-26 11 HONGKONG THE stock market yesterday closed easier but above the day's lows on sporadic late local short-covering, brokers said. The Hang Seng index ended 14.52 down at 983.33 after a 17.57 loss at the morning close, brokers said. Expectations of poor forthcoming corporate results again depressed the518 words
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Article481 1983-03-26 11 BLUE chips and drugs yesterday led a (all in share prices in fairly active trading. and the market average closed 37.31 points below Thursday's record high at 8,302.77, dealers said. Caution about the recent advance in Tokyo to record levels prompted profit-tak-ing and other selling over481 words
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Page 11 Advertisements
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Advertisement306 1983-03-26 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF BHIP'S NAME We, Sealion Shipping <6) Pte Ltd. agents for Fortune Bay Shlpp£pg Company Limited of .<6O Broad Street, Monrovia, Liberia, the owners c of the M.V. Mlhal L of Singapore Registry Official Number *****4,.*£f gross tonnage 1019X63 tons register tonnage 4557.12 tons hereby306 words
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Chief Price Changes
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Article176 1983-03-26 12 Rises Indices G K Ufa O«orf* Keat 3100 996 4-350 35 Mar 34 Mar 25 C Socar* m ar aid«« 1300 M6 30 +30 BT Composite: 812.90 830.18 BAT 444 +34 BT Indicator *****3 *****3 Dak Yu« 324 33 ST Industrials: 831.53 ms9 It IMMNM 387 32 ST Finance:176 words
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Article, Illustration155 1983-03-26 12 Rises Indices MBF G Kent 730 1010 +50 +45 Mar 24 Mar 25 A Choc 246 +44 MBT Index: *****8 9H535 1081.24 U Benut 740 +40 NST Industrials: 1071 JO ss 430 +32 NST Finance: 1850.46 1885.72 500 +32 NST Hotels: 654.47 655.54 OCBC 1100 +30 NST Properties:155 words
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Article888 1983-03-26 12 STOCK prices were generally firmer yesterday in quiet trading oa the back of the record nindnft high on Wail Street, dealers said. The Financial Times Index at noon was up 2.1 points at 656.9. Among leading industrials, ICI was up 2p at 402 after 398, Plesssy gained 5p888 words
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Article51 1983-03-26 12 H.K.HANG SENG Friday 963.33 Thursday 997.85 Week Ago 901.32 AUSTRALIAN INDUSTRIALS Friday 660 1 Thursday «0.1 Week Ago 049.8 ALL ORD1NARIE8 Friday 807.7 Thursday 506.2 Week Ago 506.4 FINANCIAL TIMES INDU8TRIAL8 Thursday 864.8 Wednesday 064.3 Week Ago 681.0 DOW JONK8 AVERAGE INDUSTRIALS Thursday 1145.90 Wednesday 1140.87 Week Ago51 words
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440 1983-03-26 12 CHOO AI LENG - By CHOO AI LENG MOTOR-baaed group Cycle and Carriage (CAC) has set up a property division to oversee the development 1 of its property projects in Singapore and Malaysia. The move is hardly surprising as CSC has been building up its property portfolios440 words
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429 1983-03-26 12 HONG Leong Industries Bhd (HLI) has announced the purchase of several shell companies. In an announcement yesterday, Hong Leong Industries said it bought two shares of Msl each in PanLon (Penang). The company's name has been changed to Mai Kah Land Sdn Bhd. Its429 words
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Article673 1983-03-26 12 JURONG Ccaest has announced that with effect from April 1, its share registrar will be changed from Messrs Lim A Associates to Equity Registration Services, 17 Kallang Junction, Gestetner House #0200, Singapore 1233. GEORGE Town Dispensary, in reply to an exchange query, said the name and the issued673 words
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Article132 1983-03-26 12 THE 1982 results of the Csrpsratlaa and United Overseas Baik will be released this weekend. UOB's results will be announced today after a directors' meeting in the morning, while OCBC's preliminary statement will be released on Sunday. Both banks are also expected to publish132 words
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72 1983-03-26 12 FUBAN Ftttag Net Mjumfaetaring BM, in lis reply to a Kuala Lumpur Stock Exchange query, said the net proceeds from its proposed rights issue at par H will be used for the repayment of bank borrowings and for additional working capital. Rakyat First will72 words
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LATEST
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Article49 1983-03-26 12 has announced sharply lower pre-tax profits for the six months ended Dec 31, 1982. Group pre-tax profits were down to M 5354,885 from $3.12 million during the previous interim. After-tax profits amounted to only $212,931 from $1.97 million previously. An interim dividend will be announced later.49 words
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451 1983-03-26 12 CHOO AI LENG - *****1 Companies Editor: Mano Sabnani By CHOO AI LENG PAPER Products (Malaya) Bhd has finally managed to dispose of its troubled paper operations in Malaysia for MHB.I million cash. The deal, announced yesterday, involves the sale of all PPM's subsidiaries in the paper451 words
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Article403 1983-03-26 12 KESANG Holdings Bhd is a long way off its earnings forecast of at least M 55.52 million for the year ending June 30,1983. This is because for the six months ended Dec 31, 1982, Kesang only managed to turn in group pre-tax profit of $1.02403 words
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Page 12 Advertisements
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Advertisement394 1983-03-26 12 V r v r THE COMPANY DIRECTOR: CHALLENGES FOR THE NEW BREED fi 7 APRIL 19X3, Kt"ALA LI MPI R HILTON lIOTKL, MALAYSIA ~Ktimi:sc"omirhnci:s THK C ONFERKNC K In this dynamic era, traditional business practices have to be reviewed to cope with the new form of change. Similarly, the role394 words
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Page 12 Miscellaneous
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Miscellaneous63 1983-03-26 12 ;WEATHERsj OUTLOOK for today: Hazy and warm; showers in a few areas in the late afternoon. Report Iw 24 hm prior to TJ pm m March 25 at the airport: Maximum temperature 35.8 Associated humidity 45 Minimum temperature 25.0 Associated humidity 97 Hours of sunshine 10.05 Rainfall in millimetres Nil63 words
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