The Business Times, 9 April 1983

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 BATUBDAY, APRIL I, IMS 60 CENTS
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  • 344 1  -  JOH LIM THE Ministry of Trade and Industry has rejected a petition from car rental companies to postpone the implementation of the recent Budget ruling to disallow tax deductions for companies hiring SZ cars (Or more than 183 days in a year. Car
    344 words
  • 235 1 PAKISTAN International Airlines (PIA) has decided to switch its advertising agency from OgDvy A Mather Adverting Singapore to its own subsidiary, lAL, baaed in Karachi. The airline's, contract with OAK ends this June. It had apparently been thtwiHwg of this change in the
    235 words
  • 458 1  -  By CHAN OI CHEE OVERSEAS Union Enterprise, owner and operator of Mandarin Hotel, is to raise another $100 million from the stock market through a rights issue. This is the second time in less than a year that the company is """«j a
    458 words
  • 478 1  -  ®y SOH TIANG KENG SWEEPING changes win soon take place in the partnership of European Asian Bank (Eurashank) a consortium of seven European banks which runs a branch In Singapore. Three of Its partners will give up their capital stake to pave the way for
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  • 334 1 THE president at the General Insurance Association at Stagnpare has voiced hit coueeru about the dangeroualy low fire premium rates. Mr Koto Bee Clye, in the GlA'a latest annual report, •aid that mne tail in premium rates is expected in a free market
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  • BRIEFLY...
    • 68 1 Reuter AMOCO (Thailand) Petroleum Corp, owned by the US Standard 00 Co, yesterday withdrew from a consortium seeking an oil exploration concession in central Thailand. Mr Sivavong Changkasiri, the director-general of the Mineral Resources Department in Bangkok, said Amoco withdrew because it could not accept the Thai
      Reuter  -  68 words
    • 70 1 UPI PRESIDENT Reagan's special panel studying the MX missue yesterday concluded there is no practical way to make the intercontinental missile invulnerable to Soviet attack. Friday's edition of The Washington Post said the conclusion caused a shift in position in the Reagan Administration, which is trying to
      UPI  -  70 words
    • 90 1 AP THE Korea Exchange Bank of South Korea yesterday signed a US$5OO million loan agreement with an international consortium of more than 50 banks. Mr Chung Choon-Taik, president of the bank, said the eight-year loan is an "on-lending" one for the general economic development of his country. It
      AP  -  90 words
    • 78 1 Reuter THE Japanese Defence Ministry in Tokyo yesterday unveiled a hightechnology warplane described as a fighter pilot's dream because of its remarkable agility and manoeuvrability at high speeds. The "control configured vehicle", a twin-engined fighter rape hie of flying at 1.6 timet the speed of sound, It said
      Reuter  -  78 words
    • 64 1 Reuter THE Soviet Union yesterday announced the expulsion of a British diplomat and a Journalist, a week after London ordered three Soviet officials to leave the country. A spokesmen for the British Embassy in Moscow said an assistant air attache, squadron leader David Williams, and Financial Times
      Reuter  -  64 words
    • 54 1 Reuter AUSTRALIAN Prime Minister Bob Hawke in Sydney yesterday —«h his Labour government might refuse to pay state pensions to the wealthy. He said the government would consider means-testing pensioners to assesi their finances and that it was only fair that those with the greatest capacity should
      Reuter  -  54 words
    • 96 1 Reuter THE former owners of Rumasa, the holding company expropriated by the Spanish government in February, yesterday sued for repossession of their shares. Court sources in Madrid said former President Jose Maria Rui2 Mateos and his five brothers, sole shareholders of the holding, said the expropriation decree
      Reuter  -  96 words
  • 91 1 Stagapere dollars m raeSnfcMfataeJiiaped to y «fgpsreesdtilths rates started (Mjh ipriiMfMl Spar US spree is ef up to S per esst heh« el the However, eloslniT *aw them eastag ti M per ww daae a? 2s Sf^psr mm* 1» par emd to
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  • 264 1 INSPIRED by healthy gains in the OCBC stable of companies, the stockmarket pat ap another bullish performance yesterday. The all-sector Dual nr as Times Composite Index roee sharply by 14.12 points to NBJI and the Straits Times Industrial Index increased 9.78 points to
    264 words
  • 126 1 Reuter INDONESIA has asked 14 crediloi nations for trigger annual low-interest loans and even easier repayment terns. Trade Minister Rachmat Salefa said he made the request to Mrs Eegje Schoo, Dutch Minister for Development Cooperation and chairman of the InterGovernmental Group on Indonesia (JOGI),
    Reuter  -  126 words
  • Page 1 Advertisements
    • 220 1 UMIDS GOLD production in the non-communist world reached 980 tonnes last year, the highest level (or eight years Page 2 AMERICAN banking tycoon David Rockefeller has praised Singaporeans for their good leadership, innovation and hard work Page s IF your friendly neighbourhood photographer telephones to remind you of your daughter's
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    • 16 1 i PE 4 TH€ FASTECONOMICAL WAY 2 KS£ If your Gii'Oe to tt*e LTSSf AEROFLOT Ki
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    • 0 1 ,>/*\%")*\-?;=$@>][+~'*\(`"]{:{
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    • 158 1 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) K (J s Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to
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  • BANKING AND FINANCE
    • 502 2 AFP Reuter GOLD production in the non-communist world, stimulated by price rises in recent years, reached its highest level (or eight years In 1982, according to figures published by the General Mining Group. Production last year totalled 980 tonnes, compared with 962 tonnes in 1981
      AFP; Reuter  -  502 words
    • 226 2 AP AMERICAN Treasury Secretary Donald Regan defended the administration's request for more funds for the International Monetary Fund (IMF) against complaints that it was a bail-out for the big banks. "This line of argument is dangerously misleading," he told a hearing of
      AP  -  226 words
    • 545 2 Reuter ARGENTINA'S continued arrears In external debt service payments and lack of central bank guidelines for refinancing US$l.5 billion of swaps are holding up the granting of a $1.5 billion loan by creditor banks, banking sources said. The five-year loan, to help Argentina with payments on
      Reuter  -  545 words
    • 208 2 Reuter MONETARY conditions In the UK warrant a reduction in interest rates and the link between exchange rate behaviour and domestic interest rates should be broken, Barclays Bank PLC said in its latest UK financial survey. Barclays said the link between exchange rate movements and
      Reuter  -  208 words
    • 198 2 AP TIB UB General Anint ne evidence Is sappert government maslpalstcid er artificially fcpwsf the vaiae af the yen. ef the Inliiinallsnal Mm af the esngrssrisaal auditing ageney, tsM the Senate Foreign gikilns Committee thai Japan has In fact taken steps
      AP  -  198 words
    • 751 2 Reuter THE FALL in the value of sterling has increased the likelihood that one of the four British clearing banks will be forced to nuke a rights issue this year to bolster its capital base, investment analysts said. Although the pound has
      Reuter  -  751 words
    • 132 2 JAPANESE corporation will be allowed to make interact rate swap deals with forties enterprises, the Finance Ministry said. The cor potations must go through the Intermediary of Japanese hanks or foreign hanks operating in Japan for such deals to avoid the risks involved. Only deals
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    • 439 2 Reuter BAHRAIN-based Kuwait Asia Bank has increased its capital to US$lOO mim«i from $30 million by issuing $70 million new shares. Bank chairman Salah Fahad al-Maraook said the capital increase would enable Kuwait Asia Bank to expand repress iilatlou in the Asia and Pacific area through new branches
      Reuter  -  439 words
    • 197 2 Reuter A DUTCH Commodity Industry Association hoi Men estaousMd wttn tat aim of prtfflti the imputation of futures trading in the Til 111 liill and lawtor* hi it, nasodntioo board chairman Jack &dtalsck aaid. The orgnnisutlou was fstahHshorl on the initiative of the Dutch
      Reuter  -  197 words
    • 88 2 Reuter LLOYDS Bank PLC said It plans to merge the money market activities of its wholly-owned Lloyds Bank Ltd subsidiary with those sf the parent bank as the benefits of maintaining a separate starting dealing operation ar? diminishing The subsidiary's nrincinal operations are sterling deposits and
      Reuter  -  88 words
    • MONEYANDEXCHANGE$
      • 23 2 THE average rata at which major 81ifa* pore bank* are currently prepared to lead to their beet customers is 9.09 per coat.
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      • 514 2 THE US dollar firmed against major currencies on the foreign exchange market yesterday. Against the local unit it opened at *****/20 and was traded to the day's low of 2.0955/65 before rising again to cloae at 2.1000/30. Against the yen, the US dollar opened at 238.10/» and was
        514 words
      • 288 2 GOLD FUTURES in Singapore yesterday fluctuated narrowly throughout the day tn quiet trading before dosing steady compared with the overnight New York levels. Total sales far the day, including kerbs, was recorded at 513 lots. Prompt closed little changed at USS494JO/427.00 an ounce compared with 425/496 in New York,
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      • 35 2 tai M Hew Tort 11.1CB U.ISB 11.23S 11. US Zurich 11.128 11.13B 11.22S 11.25S I'M TV®rf Singapore ll.UB 11.14B 11.22S 11.24S Goring prk la US dollar* a troy ovn Source: Credit Suisse, S'pore
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      • 194 2 STERLING and the US dollar were traded steadily yesterday In fairly active, late market trading, mainly supported by short-covering ahead of the weekend. Sterling rose to U58L5045/55 from an early L 5035/35 and New York's close of 1.5090/45 but dealers said a possible British bank rate cut may undermine
        194 words
      • 152 2 ASIAN RATES ASIAN currency depoalt interbank ratea as at cloae on April s***** Iiiilil 07/1* 08/16 7/16 68/16 OH H tH OH W OH »13/18 611/16 Dm. fcM 1 month 3 months 8 months 12 month! IE 418/16 M 5* 4 4 4 4 I 1 bit 1 month 3
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      • 6 2 1 T Source: National Ca
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      • 146 2 THE dollar for overnight delivery yesterday closed slightly higher at 298.49 yen in limited trading after «H»— jug at 2SJO. This was above the 237.90/233.05 finish in New York and the 217 35 close in Tokyo on Thursday. IMfag volume was US99O? mUtton. Trading was quiet throughout the day
        146 words
      • 42 2 Openlne quote yeetet USlsoso/oo Can- U565/80 Cram -1.2348/51 Dmk 3.6340 75 D PI -4.0*15/1010 S FY 3.ono/4i B FT« zoa 71J0/40 F FY -10.0000/9135 Lit 2164J5/21C7.75 Yea--*****/350JO DKr 12 .9130 9236 NKr -10.1530/700 SKr--11.2235/2340 Aus Sch 3534/57 Port 145.4BA4K.C7 Spain 304.10/35
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      • 37 2 RESULTS of tender held yesterday (Or 91-day Treasury bills to be issued from Apr 11 to Apr 15: Olhnd: $120,000,000 AppAei tsr: $*****0,000. ADsttei: proximately 8 per cent; higher bids in full. cent per annum
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  • Page 2 Advertisements
    • 287 2 rPA provides comprehensive on suiting serv ii es mi ■u REGIONAL SALES EXECUTIVE CONSTRUCTION EQUIPMENT $35,000 $40,000 per annum Location: Singapore (Ref. 3132) A well-known European construction equipment group of international repute with an annual turnover in excess of $4 billion seeks to appoint a Sales Executive for its Regional
      287 words

  • TRADE AND INDUSTRY
    • 632 3  -  ■y RICHARD SEAH IF YOUR friendly neighbourhood photographer telephones to remind you of your daughter's birthday, do not be surprised. This might become common practice within a few years if some local photographers adopt the marketing tactics of the Lisle Ramsey Photography Team, here
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    • 415 3  -  LIM SOON NEO A STEERING committee comprising representatives from the government, indue try and some academic institutions here should be formed to provide some guidance lor the local packaging industry. This is one of the recommendations of a study mis- -,L I I L
      415 words
    • 538 3 SINGAPORE surveyors have an important role to play when construction of the Mass Rapid Transit system begins. "The survey task is an essential part of the MRT construction because of the need for continuous tunnel surveys and constant monitoring of subsidence of roads, buildings
      538 words
    • 203 3 ASIA Commercial Bank has announced the appointment of Wong Voo fltfeng as senior vice-president. Mr Wong heads the hank's international hanking division covering hills transaction, foreign exchange, Asian Currency Unit, correspondence hanking and overseas representative offices. He reports directly to Mr Ms CUng, excutive vicepresident, who supervises functionally the
      203 words
    • 153 3 SENIOR public relation» pewo—l of eight member com pent— of the Overseas Construction Association of Japan win be in Singapore tomorrow on a four-day study tour. The delegation, led by Mr T Ohata of Kajlma Corporation, has made a similar visit to Thailand and la visiting
      153 words
    • 507 3  -  By SOH TIANG KENG AMERICAN hanking tycoon David Rockefeller yntfiilij praised Singapore for setting s global example of economic growth with good lendership, innovation and hard work. It has also shown the right way to generate join a prime political issue in most countries through
      507 words
    • 213 3 DATA Osnsrsl has lswn bill a "super mlnlr<wiputai" to take on the market. The Eclipse MV/1MM, rapwuiilm the Industry's hlghsst performance sk virtual memory super minicomputer, caa process about 15 mfltton '>"■» psr second (MIPS), pulling tt hi the daai of large Mitfremf msi blase
      213 words
  • Page 3 Advertisements

  • OVERSEAS
    • 508 4 Reuter CHINESE Premier ZHAO Ziyang will concentrate on trade and economic cooperation next week when he begins his visit to Australarfa. Neither New Zealand, where Mr 2lao is expected to aniw on Wednesday, nor Australia (April 17-23), has major political problems with
      Reuter  -  508 words
    • 1003 4 Veeeel Berth Arrival Dtpgriura MARMA WHARVES KEPPEL WHARVES Alhua Foochow JensonlV Kim Ann KotaPetanl Ned Amersfoort Sekl Matsuyama 1/2 31/2 22 29/30 13/4 3/4 33/4 alongside alongside alongside alongside alongside alongside alongside 9.4/1500 9.4/2300 9.4/0600 9.4/1200 9.4/0200 9.4/2300 9.4/2300 Indra Jaya Indra Saktl Dlny Dwl Daya Sari
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    • 651 4 Reuter THE SENATE Budget Committee, which is dominated by Republicans, has slashed President Reagan's 1984 defence budget by US$34 billion to $341.4 billion. It has also cut by half so-called spending authority which accounts for actual outlays over a number of years. Mr Reagan
      Reuter  -  651 words
    • 353 4 AP JAPANESE voters are set to go to the polls tomorrow in election for leaders of 13 prefectures including Metropolitan Tokyo in contests touted as the first test of the conservative policies of Prime Minister Yasuhiro Nakasone. In the Tokyo race, Hideo Matsuoka, a 70-year-old
      AP  -  353 words
    • 217 4 AP TIED to 15-metre leashes, two astronauts made the first US space walk in nearly a decade on Thursday, floating Joyously around Challenger's open cargo bay to practhe repair Jobs for future shuttle missions. The astronauts, protected from the hostile environment only
      AP  -  217 words
    • 259 4 Reuter AN AMERICAN medical expert has said that cigarettesmoking and heavy consumption of alcohol are selfinflicted wounds that impose an easily removable burden on human health. Dr David Hamburg, president-elect of the American Association for the Advancement of Science, said there is evidence
      Reuter  -  259 words
    • 568 4 UPI AMERICAN Nislwsinwn, beware if you give a Latin American woman a box of fancy handkerchiefs, she may think you want to see her cry. Present a Japanese something with a ltpetal chrysanthemum decoration and he may consider you presumptuous. The chrysanthemum is
      UPI  -  568 words
    • 722 4 Reuter ONE OF America's most influential foundations fears that the latest nuclear weaponry and cold wnr rhetoric have incrensed the chance of human error among US and Soviet leaders acting under stress in s crisis. The foundation, the Carnegie Corporation, wants
      Reuter  -  722 words
    • 715 4 vV' rrc 7TF31 n.i .I,, ofrncf Local Operator Nuktr The Fna SIA FT PAA CAL MAS MAS MAS SQU 0M0 LAX/TYO FT71 0MB JFK/ORD/ANC/ 1 NRT/TPE/KUL PA006 QMS JFK/SFO/HKG CBS1 0250 TPE MH601 HO KUL MW71 0906 KUL MH8L1 0910 PEN SIA RBA MAS CPA GU SU
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    • 326 5 AFP THE AuetraJian government lias limited an American company's bid to increase Us sharshddlag in an Auction. Thd to the sscond indication Is two days that the saw Labour tiiwramont Intends to curb foreign investment in Australia. Two applications by foreign investors ssv
      AFP  -  326 words
    • 319 5 AP THE Japaases Diet has cat the tariff oa imported US cigarettes but thsa nufflflsd ths induction by slapping s price surcherge oa all dgsrettee sold hi Japaa, a major US tobacco company charged. "The surcharge effectively negates much of ths benefit of the
      AP  -  319 words
    • 227 5 Reuter RECENT cata la afl prices are uahksiy to causa larva wttkfeawals of Opac funds from Japaa or to affect tka laif oiianat hi tka Jap*aat balance of payments. Dalwa SscuilUss Go Ltd la Takyo jaatairtaj said Opac would withdraw only USHJO button
      Reuter  -  227 words
    • 87 5 AP Reuter THE UB ynhrhy peeesjsed As speed ep iißssey d aeme M'ihS|SMgh The aesaasdsns were ssnie Ig UB Aselstaat SCSI aL stste vissS fereee was ropoeted by Thai nddary efneere Taside Cambedto and tnn Hud afrIfr Wedewde saM hs Thaj^Pthne
      AP; Reuter  -  87 words
    • 118 5 AP 'bonsOto 'ill mmMHttm of dseliM, the Labour Departocot reported The MHMllfr »»im total of aaw appßralt—was #MW, aa laqrsaas af liM over the lawttoas auk, accordtog to the a» ploymoat aad tralaiag adudalßlrsttau, aad vaa typical of tke «ntte triad of ■ppßcotfcna for
      AP  -  118 words
    • WORLD IN BRIEF
      • 321 5 Agencies NIGERIA produced an average «MM barrels of crude ofl a day In January, a II per cent drop Aram the December rate aad weO tmckr its Op§c production quota of 14 million burials ad ay, official figares The stotoownsd Nigerian National Petroleum Corporatlan esid the country
        Agencies  -  321 words
    • 495 5 Reuter AMERICAN Treasury Secretary Doaald Regaa said hs had tavttsd finance and trade mhdslsrs of the seven largest Industrial couatrles to meet next month la Paid to discuss what he caHsd cosamon economic problems. He said on Thursday that the mssdag was
      Reuter  -  495 words
    • 387 5 Reuter THE United ItatH said CUiia's rsnronsrtou of sll •ports aid caltvsl exchanges bee suss of the granting o( asykan to Chinees tennis player Hs Ns was an over-reaction sad hSMMmiNMMIO SMS'homs 35*5» partment spokosmoß emphasised tho Ifiiilas i of tho «ml rsiattaaridp bif'soi the two
      Reuter  -  387 words
    • 317 5 Reuter THE KOB ascurtty polloa la tks florist Ualsu kaa oktotoad akoat par osut of France's Mgk tscknslofy by ifcukgntola te ooaady (or SgKACWgS MmSSalu» kaa dsaisd tka luSarior lHiditi j aa aaytog tkat tks flovtoto kad gatksrad Moraadtt^gS^Sj^'i'mi' cladlag FknaeToTasMrsn bomb, papsn'ashl* tsrrand
      Reuter  -  317 words
    • 331 5 AP ENVIRONMENTAL of eight Gulf nations haw failed to raach an agreement on a plan to begin cleaning up a giant oil qrfll threatening various countries In the region. The mooting was auspondsd until next Wodnsaday, with each delegation echodulod to consult its govornmsnt
      AP  -  331 words
    • 132 5 Reuter lice force yaaMrday bt» public that tbo *aaanaad BrttMi -bobby" to aot oa tbo aay eat. They vote oat atel protoato over Am dadatoa of llii lniM Police Cbiof JbMM Aadwtoa aaritor toto ttoM fIBM bad baas laaaad raattoilj to MM* pettce,
      Reuter  -  132 words
    • 120 5 Reuter PAN AMrieu World Airmji be Mid its werid* capital ptrita aa at te ead el OB until to a aagatlve UWI.I millioa from a aopatlwe mil mfltkaajwarte. PaaAsa oaM la if aa—>l impart that the dMvtantka nflicM to part aapathw caoh flow from eporattoM of
      Reuter  -  120 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 127 5 w TIMES INTER-BUSINESS HOUBEB ATHLETICS MEET National Stadium Saturday, October 8, iaaa Events MEN WOMEN 100 m 1,500 m 200 m 3400 m .AA- (KM WOMEN ONLY) 400 m 5.000 m ftAft i i wflFl^rlee 800 m (FOR MEN ONLY) 4 x 100 m 4 x 400 m Tripl« Jump
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  • 511 6 guTT.ir it's easy when there is 4 good reason to do so. But «Mine in front of a camera in a photographer's studio Is,' unfortunately, not reason enough (Or most people. Much as they want to Mr good, many do not know how. The photographer tries to
    511 words
  • 941 6 Lock J MANKIND has long been fascinated by superlatives the biggest, fastest, smallest anything but seldom more so than today when people do many curious things to win a place in the Guineas Book of World Records. Shujo Kawai Is one of these ntfciii after
    Lock J  -  941 words
  • Page 6 Advertisements
    • 164 6 m 3 nfnnl'\ n A" ier,r h r^" lC^ avc F."'; n Ru" n f.nqi ,s Gr Cd OP--^ batte" p \C* i y —g» m. > iftw« fw businessmen and students Packed in executfve-styte briefcase! Complete kit consists of Books Cassettes SANYO 2-Channet Cassette Player Headphone Everything you need
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  • Page 6 Miscellaneous
    • 82 6 tfcM I oompoMd U OOad aad Mt Br* to 1) M 8" 12 It'* odd to km a Mm pnctico grand by tko mm M Tbare'a a flgM la th» car akMd CD 17 Ptf hack aprta aad kaock (9) IS Pat the kay la. daar. aad torn It tar
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    • 403 6 mm 155 SM Star The Zeahie IMas (Last Episode): M and Loawna, nders of the city of Gonder, m threatened by SheMeraar tin Anoint 3 *r TT Street: Children's I k tm 5 M M k.k 2J» IraMc Tibk Heeven Ml M 2M Satariay MeMe Mm Acahat the Sea 4.*****2
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    • 95 6 Cool and tbt Gaaf: Soaa Way (cont'd) Ml Aria ABhw Element I.M Newa Ml iwrlaii Oat Down Oa It, IN Neva and Waattar Ra- Lowa's M (ha Air MJI TW LKndKM: PrukCkack*- JJL^SIHdJJiSSt deld aad Mb orchoatra par- haprommmea mad* a form Cfcttfornia, Her* I Gome 2L bar the Vocational
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  • 1037 7  -  Lee Yoke Meng gleans some spicy facts from a two-volume study by the ITC Lee Yoke Meng ONE group of traders in Shigapore seems to have remained relatively untouched by the protection static moves owseae. Grouped aa the sploe merchants, the he Ihdisa aad
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  • 95 7 i—MM to BcjmMe I» ratoto a m» II a kagHi JMR hi ma *M krpiy to btog Pf>« b ky to to —I togitol apto tnM. k ito II mrr totol Into to 4toi to UN MMfwai vtlkllpvNatto IfTL cu to crrrt mv. Shm
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  • 1072 7  -  Pointing to tho budget deficit as tho bigg—t economic problem the US is racing may well be like tilting at windmills, writes VIKRAM KHANNA*. VIKRAM KHANNA* VIKRAM KHANNA* VOnuD Khanna is a senior economist with a financial institution bare. YESTERDAY It was laterest rates. The day
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  • 236 7 S/piS mthc L \\in(l IJBBBONS on asking the ngpt person int njnt quntk» can be quite easily mntu, as ine director of n. JUrOOg Dira rmrK round oat on eight. iriMMi lady telephoned with two qMstiooe. The first was about there brief oomethleg
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  • 202 7 SLIGHTLY more than 10 y«»ri a(o, the lamas ttanal Trade Centre (TPS) of Unctad/Gatt embarked •o ft mammoth projmt» abe ef the spice marketfo the world. Its aim was to we hew thla trade had helped the proguss of the dtert oping countries, the qpajor product» and ixpu W of
    202 words
  • Page 7 Advertisements
    • 650 7 must m:\ti hi:-. in \mk w i;\i ior >/.'noß TK V\SOI II) \TH>\ A\l> Ti:< II\OLO(,) 77/ INS//;/,' ?(l A. \l' I v 11, K l \l II Ml'l U nil lON. M\ l \N SI 1C !Vls < DM IKI N( i; II \I K M V V i,„m,
      650 words

  • Page 8 Advertisements
    • 745 8 Where to wine, dine and entertain with the American Express* Card If you don't 'already haw the Card, call *****33 for an app*CM*un form" I Iff? l >r sushi. h(>r teppanvaki. i< >r )thcr authentically ■Japanese i/t'.:ajits A J <•-1 i (111' \I*;11 I v Im -1 :•I« u i
      745 words
    • 39 8 ■mm 1 BE y >•■' i 0. MS* AM a MM M* 3? *rrj j=mr gardeir restaurant Try our sumptuous delicacies from the Hunan Province 1 novoM 214, Dunaam Road, Singapore 1129 Tafc *****48, *****22 Ext 110 < T x J ><
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  • RAW MATERIALS
    • 945 9 COFFEE: Robusta coffee futures yesterday were higher at midday, between £35 and £8 a tonne above Thursday's close in traded positions. Prices ended around the session's highs as steady buying in May lifted the rest of the board. The interest in May followed a steep drop earlier in
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    • 159 9 SOYBEAN futures in Chicago on Thursday ended seven to 3Vi US-cents per bushel higher in moderately light trade. May traded in a 9V«centrange. Prices had drifted since midsesskw but rose sharply after hitting buy stops in July. Outstanding purchases at that time by a local grain boose, estimated at
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    • 150 9 futures in Chicago on Thursday ended a quiet trading day SV« to W* UScents per bushel higher. May traded within a 6V« cent range. Prices rose throughout the day in sympathy with soybeans and corn, traders said. News the EEC granted export licenses for only 50,000 tonnes of wheat
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    • 385 9 RUBBER prices In Singapore yesterday closed slightly lower with April One RSS buyers quoted at 249.50 cents a kilo, down three cents from Thursday's close. Morning prices were marked down slightly on lower London advices and after-close easiness here on Thursday, dealers said. Afternoon prices lost further ground on
      385 words
    • 278 9 RAB prion In oanta par kilo ymtortimj: Qom (PW (par kt o) IaL 1 R-S-S. pranpt f.o.b. MLM MLMN Int. 1 R-S-S. April BUI BUI ML 1 R.S.S. M*J HUI M7J8 Int. J R-S-S- BUI BUB UK/Coat BUI BTMN IaLSRJLS. BLM aun UK/CM SL« BMW tat. 4 R-S-S,
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    • 94 9 1 1 8MR prfaa: [■■■■dhj. BAfl Ayril (CWTMl BaranM i»fc) (ForJIlJ 1 wjm 8* Mtt) In ■an M> (1-Mr patm 1) ***** 2J7 50N 07 JO mjoN MM MVLB (l-tvpOM ***** April 2RSON mso May mtoN gftfltcv (1-Mp* J 110J0 UUON 111 JO S1SJ0N SMRL 4 moo
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    • 24 9 Rubber; April 8 Singapore: April: 249.50 cents (down 3.00 cents) Mnlnysin: April: 266.00 cents (down 3.00 cents) Tin: M $31.65 per kilo
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    • 157 9 Cißinnt sfl: Bulk fob «8.08 sellers, old dram (In second hand drum) fob (108.00 sellers, new drum fob $***** sellers. Csyva: Mixed (looee) $55 buyers. Ft|pv: Munlnfc white pepper fob Ada NLW $356.00 sellers Sarawak white pepper faq fob NLW (BUI aellera. Sarawak rectal black pepper fob NLW
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    • 66 9 THE BTBAITB TIN prlee tai Ptoug yeaterdfty Mvoi obi eeata an to MISIJi a kfle, stUl wtthto toe ITA "may bay" level at $»JS and jjjU Same iooitn said that toe flnom was tee to toe hafler stoek r* —ppso I tat etoera aoli the BBM was ahaeort»
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    • 189 9 YARN and cotton price* were quoted u follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix MS WOO; 22a 2,900, 40a UU (per bale of 400 lbs). Hon goads: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
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    • 343 9 9NOATCBB: Yesterdays rinsing prices la S| per kOo, ex-godowa: THAI WHITE: 100 per cent first class (Kaagaroo) new crop LB, 100 per cent second class 0.72, 100 per cent third class OJI 95 par cent sew crop OJO, B-10 per cent 0.07. THAI BROKEN: Aaoper 0.00, Special 191. THAI
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    • 155 9 THE Malaysian crude palm oil market yesterday firmed on speculative interest in active trading, despite India's STC passing its tender, dealers said. In the Apr position, north region rose Ms3o to $780 a tonne, central 111 to $782 and south $10 to $784 while in May, north firmed
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    • 281 9 Reuter OFFICIALS of 10 or U of the bigger coffee producing countries will meet next Thursday and Friday in London to discuss how to monitor sales to non-mem-ber countries of the International Coffee Organisation (ICO). President of the Brazilian Coffee Institute (IBC)
      Reuter  -  281 words
    • 349 9 Reuter OFFICIALS of the National Soybean Processors Association detailed the group's recent complaint against the practices of six countries in oflxcth They said the first broad category involves export subsidies, and involves the following specifics: Differential export taxes. Brazil and Argentina provide a
      Reuter  -  349 words
  • INTERNATIONAL STOCKS
    • 981 9 NEW YORK STOCK PRICES turned in a desultory performance on Thursday but managed to close slightly higher due to a late rally based on bargain hunting. The Dow Jones Industrial moved up and down throughout the day and finished on the up side, with a gain
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    • 112 9 m «r Int ta Ml Da MmI m INDUSTRIALS TmTTmi J4J* g MININGS *1 a ;r mi a? 3" Tut Sr 'msL jjj" tst DrJ>" fl gnu m z ;i££ S!im S UbMM M ancb tap* Mi *M Igy*« o«« w LTA «MB Ote «MB M m onwwi mm
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    • 115 9 is n§ mm MM MM AM MM ti 1 4> •44 M km mm klm mm ■MltuVnl mt HW mmny mm -u 41 -At -CI M -1 o2S?n!l mm Sff MMI <UI 1 Hi -U HI ♦•J Oct Ortolan MM f Hurt MM nmpi MM 1 •U •LI -CI
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    • 109 9 apr rr a ♦A Almmm M 2 H M uncb 1 A* jfrtsssB Ctmp Had Lata CUlBf Bk n M HUM# (WDat OnCmtt 41 11 Cbm ftd Lk a if m uncb CD Bum Cl A Comlnco iH nuihii 3» Ow MM J Dw Tm a m m uncb
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    • 68 9 f?" 1 ST 7* •iMiini ir. wt *i SSSTmS J2J* ly®* 1 II Mm. Wl 55J 5EU cn >w M Br. DM -4 m cm OMC7 at. no ?S ni CHOMiK MM >• stwrEEr ss ag»fc m T» MjWWjHfc- jj— JIJI ®ch UdIod Bank Of QMi Ft MB qbiqo
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    • 38 9 at* r i Jn an.* -la IflMI Am OrtJ in mi)H«Hnn n* -u OUwttl Ord m -m Ooad Mom rw OM nmi AM C *m mi m» ■m (Mm m pit* uSSot Or* SNIM: BCI Source: BCI
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    • 106 9 m GKOUP B comLLM Atr-LI|d<i «I -U Willi a m ,)«M slm -u C ♦u M thlSSS -*> *SSSLmr=m < 5 4 m aoeh GKOUP C QpgpM|| (Ubrntrtt) M 4» m Hlrtllll Ml rm *M Of—**. HMdta in m -a cm < «wn— aw -T TO l»f I UO
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    • 49 9 APR m SBT Da ta MJi !SS -CI u Koaehit Norton nnwm KHD Una* imm 41* -I Mia *4 ma +1 was -ci U MJO HUI 1 S* IHJT 7M ma -at In Volkmfm a ma -Li Mia +u ma -ci ma njo Ili I«H> -1J ma -xt
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    • 56 9 AM m or am m FOBWABD M Ml* mm ♦M M §m SL°r tacOa tet> b Bait MM MM rm ■4 U M Artxd im m 11M t" Win V Mont k om M -Ml srmm M -m CASH MAI A XKT AH—- MM nm +m ted M Boc
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  • Page 9 Advertisements
    • 202 9 SHERIFF'S SALE MOTOR SHIP OR VESSEL "OKHA" (Admiralty in Rom No. 833 of 1962) PARTICULARS OF VESSEL Name of Vessel "OKHA" Port of Registry Panama Type Single screw, all steel welded motor general cargo vessel with three hatches/holds. Year Built 1972 in Germany Dimensions Length 124.52 m Tonnage Propulsion Machinery
      202 words

  • 1458 10 BID nd oAr pricaa afllcte&y Ustad Mdbaatoass ta sad ymd to a* munbarof ah&nl tradad M— bradwttte tot» «< dad. AH Ttana SKUmmm Goatintcte ara qaotad after tte word "Mtt". B% Board dsafc (hi lots of MM units) an qpoted after the
    1,458 words
  • 74 10 S-pwvFNirM L«r Ul rper.ro (UW) u Ul rynbefM Ul Ul B Ul Ul rmMrM ut ui inome mnd tnor S-porc Bqatty Tmt 1.44 LB (CM|rtM) »«»> 1*U»» if [g •SSET"'"3r"& SSvr a£gf. Saa 1 auxSuj!!tr7lT? t» 4 (A) »5 in i>«aw*Cr uT Mi SgSTrlSeSxS) 1 im ui Nta*
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  • 2949 10 j light!** r Compaay Lest Bate +aaw art Dhr Dhr CVr art TO Not M Vol COOO) HI Day gh Low SECTION ONB INDUSTRIAL A COMB mmcu iL sn m sn m in ISM m 5M SM 90S 030 OM SIB an 1M in an on SM
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  • 1650 10 BDiai ArprtMrihklrhM ud to tte Kuala Slock BaekHgtywttrday, vtffc tte ■■win of dwroo traded AmkbnAMli lad of ted. If I (1-MB) 41M (MS UU) (IS) SM 1« (1) IB (M) MB (I) Ml AMD (1MB) (M) Ml (1) MS taMlCi (L3H) (1) LJI ■mM (ISB MBS) (1)
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  • 361 10 MrsyU spavß fiiMiy, aatoto S l »s!i Straits Tlmbb MasMlal Mas palaaiV pafcto M IM. jsasr&nrii rasslvsd B IttßflWvlMk.iß ■T CaaspasMe was IS.M patoto Mfkar sM is R ulsstrisl was apt.M SLpH^to 7tosftsr|b assMapjasitßii STsSrS fisak. JMlu reap M sbsst the m/Z total. M she sMM
    361 words
  • 606 10 THE Kuala Lumpur stock market cloeed the week aa a slightly steady note yesterday, with Aaanre stocks featuring prominently In mora active trading. Oversea-Chineae Ranking Corporation again stole the limelight, with aa hnpreesive gain of SO cents to MSI2JO. Quiet United Overseas Bank tamped 30
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  • COMPANY NEWS
    • 849 11  -  Market Talk... By CHRIS LIM TAT LEE Bank's results are expected to be lacklustre in 1982 but its 1983 performance should be spectacular, said Sua Huag KjU Securities in its latest issue of Focus. It said the boost in 1983 earnings would come
      849 words
    • 293 11  -  r i Letter to the Editor CERTIFICATE-LEW BHABEHOU>EB DEAR SIR, la Msst rights knee and pahtte tosnes, there to asnally a etoase tortolii hi Ike Tfp-aM/ippgftlis fenaa that all eertMeates nloltog le the parttoalar tasae will be loapatohal by at» aery mall, AT THE RKK
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    • 50 11 PRIMA Limited: Twentythird AGM to be held at 201 Keppel Road, Singapore 0409 on April 14. THE lamraaee CerperattM «f Hagapere Limited: Thirteenth AGM to be held at the DBS Board Room, 46th Storey, Tower Block, DBS Building, 6 Shenton Way, Singapore 0106 on April 20 at noon.
      50 words
    • 635 11 NYT LAST November, shortly after Greg A Smith Joined Prudential-Bache Securities as research director, the firm adopted a new rating system for stocks. "Prior to that time," he recalled, "the ratings simply consisted of buy, sell, or hold." Today, like some of
      NYT  -  635 words
    • ASIAN STOCKS
      • 345 11 HONGKONG PRICES yesterday closed firmer but off the day's highs due to late profit-taking aheoui of the weekend. Trading was moderately active throughout, brokers said. Shares opened steady on various factors including an improvement In factory orders in Hongkong, signs of a decline in US interest rates
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      • 348 11 THE Tokyo stock market yesterday closed slightly lower on scattered selling of market leaders, but low priced large asset issues met selective demand. The market average dipped 7.08 to 8,436.37 in a fairly active trading volume of 550 million shares and the Tokyo Stock Exchange index fell
        348 words
      • 53 11 apr a i Aeot* Mtnlnc Aatfo Phil Ams Mlninf aUM ST* ■MM MM unch sua -U MB unch MM -UN ■MO IM -Alt 7«0 0 1 1.1SH unch MO uach Mt unch M17 unch LHM unch M unch MB »UM 1100 unch MM* unch U.S M» UM unch U0
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      • 103 11 SHARE prices yesterday closed generally higher in quiet trading which centred around the cement APR BabU A^jSLT*" 1 I I watr wasa*?-"' Ud IM ■Ut Cte« Win rinat PM en« "HMI m»» Industrial FlnanS con WM"tli«ii CtdMnt Maboonkhroac I unch ♦> 1 »>n Tout WO I uul I Onnt
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      • 312 11 PRICES yesterday closed marginally higher across-the-board la light trading, with hectic last-minute trading in Grace Bros dominating trading interest. Near the doee the All Ordinance Index was up 2J points at 529.7, with the all Industrials index up 17 at 664.0 and the all resources index up 1.7 at
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    • 664 11 Canal Bs Baato Data Mlfer IMal tar iET«~ 5sr m« Date ft? Ctaaa May 5" Juau 22% 9% m ilui yoar 17%(a) fShco* BAT 10%I Mar V Apr IS Apra 10% 39% 29%I 25% I 719% Mar 30 Mar 14 NYA Apr 12 Mar M NYA AprH ft"
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    • 341 11 SAT GlUk 1 i u irtkalin Bx Ime Bicki CkM ropoasd rights lane 1 tar 2 NTA OTA Iter! NTA NTA raposed rights Issue 2 tar 5 10-01 per share NTA NTA "opoaed bonus lane 1 tar 1 NTA NTA i ■a tosue of 3 tar 2 Apr
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  • Page 11 Advertisements
    • 396 11 NOTICES I'M., r SINGAPORE (PR.) LID. (CREDITORS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 47 Hill Btreet #05-01 Chinese Chamber of Commerce ft Industry Bulkllng, Singapore 0617, on 4th day of April 1883 at 11.00 a.m., the following Resolutions were duly
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    • 244 11 n m a =j Ai: n^TT^T^rri.mrnr •WC ORPOhATEO ft THE REPUGLIC OF SINGAPORE I To: Al Ordinary Stockholders NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Function Room. 3rd Storey. The Plaza, 7500 A Beach Road.
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  • Chief Price Changes
    • 145 12 Rites Indices OILVk aoo 100 ocmc 1190 +10 April 7 April 8 ftt W SBI034 TP 1V7K KwLteTIi MO m TOO ♦90 90 ♦90 BT Composite: BT Indicator: 854.24 sm Matt* 906 ♦36 ST IndustrUk: 899.52 179.30 mr T *3ia« 996 +36 ST Finance: 2158 87 2211.01 9B0 ♦SO
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    • Article, Illustration
      131 12 RteM Indices OCBC fammirtm 1280 +50 April 7 April 1 735 +S M Banking no +25 MBT Index: *****51 *****43 UOl m +20 NST Industrials: 1110.18 1115.08 DumB* too +20 NST Finance lfMJO 1973.03 S$£ng 1020 +20 NST Hotels: 657.40 657.40 745 +20 NST Properties: 887.58 I84J6 Lojtepe
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  • 685 12 EQUITIES nere generally easfer yesterday, In quiet trading abend of the account end, dealers said. At 3pm, the Financial Times index was down 0.8 potato at €71.4. Government bonds were mixed In quiet trading, after early flr mines, as sterling eased (Tom the dajra best levels, dealers sail
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  • 43 12 BXHANOaiXO nMaj 1094.17 Thursday.. 1014.16 WMlrAvo ClOMd Thursday 527J WMk Ago FINANCIAL TIMES INDU8TRIAL8 -.'w AU8T1ALIAN INDUSTRIALS Thursday 872.2 WadnMday 054.0 WMk Ago 606.1 g|&y _jgj DOW JONU AVRRACK INDUSTRIALS Thursday 1117.60 WadnMday 1113.48 WMk Ago 1190.03 k ALL (ttOINAlIH W-7
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  • 525 12  -  By CHAN OI CHEE OVERSEAS Union Bank, the last of the Big Four local banks to release it* preliminary results, has turned in commendable earnings for 1982. The group achieved a 12 per cent increase in net profits to $59.3 million (952.9 million in
    525 words
  • 461 12  -  •f FLORENCE CHONG in Sydney MYER EMPORIUM, which last month bought the holding of fltagapore hotrihr Tan Sri Khoo Teck Puat in Sydney retailer Grace Brother» Holding, has launched a tall takeover bid for the company. The Mtlhourm baatd Myer group to offering As&2
    461 words
  • 313 12 PEGI Mateytf* N, in reply to a Kuala i-nmpir Stock Exchange's query oo its acquisition of seven million shares in Dunlop Holdings PLC, said a factor taken into consideration in arriving at the purchase price of MJ1.70 a share was the then prevailing market price of Dunlop shares
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  • 204 12 TAIPING Textiles Bhd has announced the formation of three wholly owned subsidiaries. Of the three, only Ttiping Management Services Sdn Bhd, has been in operation. It was termed on Aug 19 last year with a paid-up capital of 1050,000 and an authorised capital of $1
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  • 204 12 Reuter AUSTRALIA'S biggest company, the Broken Hill Pty Co Ltd (BHP), has reported a net loss of A 532.6 million for the third quarter ended Feb 28. The result takes the cumulative net loss for the first nine months of the year ending
    Reuter  -  204 words
  • 130 12 TAKING advantage mt the ■hd has toeae to raJw MmMl milrighto kM at pw Ware aleag wttk a Ike pfWHrtrtoni ni fweaßii ef the rffi rnrtato lug i— fixed toredact The righto tone priee ef a wtetaatraded priee ad $UL The mtm dim to
    130 words
  • 34 12 Reuter m 1A WAI Baak LM sf leMls iaMMminas ef HKISM mmtm ariMea prevlsariy) fee ML flaal ■illiai ef Ueeefeea •M)» lag a Mai sf )S4 per eem (same) ferftejeor fcgeftsr
    Reuter  -  34 words
  • 324 12 P Companies Editor: Mm Sabnani TIN GIANT Malaysia Mining Corporation Bhd (MMC) closed 12 dredges last month, in a move that reflected the continuing adverse effects of tin export control in Malaysia. The shutdown of the 12 dredges was first announced last
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  • 247 12 BANK Negara Malaysia hat approved ramwgh»ii Tin (Malaysia) Bhd's purchase of a 23.2 per cent stake In Southern B»nMny Bhd. In an announcement yesterday, KllHnghall said the approval Is subject to its making a hid Car the remaining shares in the 10th largest Malaysian-incorpo-rated
    247 words
  • Page 12 Advertisements
    • 191 12 iT^rr^ =7 m The First International Technology Exhibition for Asia 6 9 September 1983 World Trade Centre Singapore. Asian Energy B3 is Energy Generation, Distribution, Conservation and Alternative Energy Sources. It is estimated that in the rapidly expanding ASEAN and S.E. Asian Region, more than US$2B,OOO million will be spent
      191 words
  • Page 12 Miscellaneous
    • 49 12 C- OUTLOOK tor today: Hazy; thundery showers in several areas in the afternoon. st 741 Aprti 8 Maximum temperature 34.0 Associated humidity 60 Minimum temperature """26.0 Associated humidity Hours of sunshine 6.35 Rainfall in millimetres Nil Total rainfall for the month 0.8 Total rainy days for the month 1
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