The Business Times, 23 April 1983
1983-04-23
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The Business Times
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Title Section11 1983-04-23 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, APRIL a, IMS 60 CENTS11 words
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351 1983-04-23 1 WANG LOOK KEAH - By WANG LOOK KEAH A SENIOR vice-president of Lufthansa German Airlines claimed yesterday that Singapore Airlines has ruined its reputation as one of the top airlines in West Germany by selling below the worth of its product. Mr Prank Beckmann said the carrier has351 words
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207 1983-04-23 1 ELECTRICITY consumers will enjoy lower tariffs for the three-month period starting from May 1 this year. The Public Utilities Board announced yesterday that the tariffs will be reduced by 1.32 cents per kilowatt-hour (kwh). For most Housing and Development Board consumers, this will mean an207 words
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454 1983-04-23 1 LIM SOON NEO - By LIM SOON NEO A LOCAL tile manufacturer is one of the first foreign companies which will set up factories soon in China's new Amoy special economic zone in Fujian province. A spokesman for Inhwa Enterprises Pte Ltd, a locally owned454 words
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Article466 1983-04-23 1 SOH TIANG KENG - By SOH TIANG KENG HOUSING loans have risen this year, reflecting steady recovery of the residential property market. Latest government statistics show that mortgage loans from finance companies for houses and properties rose sharply by an annual rate of 22.2 per cent to |971 million466 words
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332 1983-04-23 1 UPI A NESTLE commission in the US said it found "valid complaints" that the. company violated United Nations guidelines on selling infant formula in Third World nations. But it added Nestle is maiHng sincere efforts to fix the problems. The third quarterly report ofUPI - 332 words
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BRIEFLY...
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Article64 1983-04-23 1 AP US CONSUMER prices rose 0.1 per cent in March as higher food prices more than offset fresh falls in petrol and fuel oil costs. The Labour Department in Washington said yesterday that for the first three months of the year, prices rose at an annual rateAP - 64 words
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Article93 1983-04-23 1 Reuter UNEMPLOYMENT in the European Economic Community fell 2.2 per cent last month to 12.1 million people, but the community's statistics office in Brussels said yesterday that the underlying trend in the jobless rate was still upwards. The overall unemployment rate fell to 10.9 per cent inReuter - 93 words
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Article57 1983-04-23 1 AFP THE Organisation of Petroleum Exporting Countries (Opec) in Vienna yesterday threatened to apply a penalty tax on manufactured imports to Opec members from countries which tax oil imports. The warning came from Opec secretary-general Marc Satumin Nguema, who said that such retaliation from Opec would hurt theAFP - 57 words
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Article83 1983-04-23 1 AFP THE Philippines saved US$l7.5 million in oil import payments for January and February this year due to the drop in the world price of crude. A Ministry of Energy report from Manila said yesterday that the oil bill was $409 million for 10.8 million barrelsAFP - 83 words
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Article69 1983-04-23 1 UPI MEMBERS of the Indonesian Parliament in Jakarta yesterday called for an official investigation of a report that a top Soviet envoy had tried to recruit a magazine correspondent as a spy and demanded an explanation from the Soviets. The Soviet envoy, Lieutenant Colonel Konstantin Bykov, denouncedUPI - 69 words
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Article81 1983-04-23 1 Reuter SOUTH Korea's second nuclear plant began commercial operation yesterday, boosting the atomic dependency in total power generation to 12.3 per cent from 6 per cent. The state-run Korea Electric Power Corp in Seoul said the 678,700-kilowatt station at the southeast town of Wolsong was built atReuter - 81 words
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Article72 1983-04-23 1 Reuter THE Organisation of Petroleum Exporting Countries has given Algeria a mandate to seek Soviet cooperation in efforts to stabilise the world oil market. United Arab Emirates Oil Minister Mana Said al-Oteiba said in Abu Dhabi yesterday that the initiative, decided at a one-day meeting of Opec's marketReuter - 72 words
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103 1983-04-23 1 THE tostttoto ti Certified «kick will i Stogapere Btclctj §t A©- e— l» IMy to ke kalrfNk]Mr. i> kktMwfti Willi CA (Certified lifiMtol) kerf Be pnxitice to a k mstiutoiii tke k<Sh «Ilk fS«S!S ij^/hSktlw''J? 1 Ike wklek k Mketj to werk etowiy103 words
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457 1983-04-23 1 SINGAPORE Automotive Engineering (Pte) Ltd, the largest vehicle servicing and repair company here, is forming a subsidiary to operate a 300-strong taxi fleet. A spokesman for the subsidiary, Singapore Commuter Pte Ltd, *mid the new company is being incorporated now and will be457 words
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Page 1 Advertisements
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Advertisement243 1983-04-23 1 *V r imes Bookshops THE Bank for International Settlements is concerned that central banks have been pressing commercial banks to restore credits to major debtor countries... Page IN spite of increased building activity by the Housing and Development Board, the building construction industry last year was dominated by the private243 words
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Advertisement127 1983-04-23 1 Lynx Super Predator Putting new,exciting dimensions in golf. The Super Predator, from Lynx, noted for its innovative genius in club design, has an all-steel wood with offset hosel that drives with impressive distance and iron-like accuracy. Super Predator Woods. These husky cats are investment cast to zero tolerances; all critical127 words
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Advertisement231 1983-04-23 1 V— The I Straits I Companies Times I Key Personnel! DIRECTORY Agencies Of Singapore (Buku Merah) nippies BRAND SHOES Top dog in waflcing shoes since before people knew what to cal them. 1 J THE ORIGINAL WALKING SHOE. Before people knew what to call them, we made shoes with shock-absorbing231 words
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BANKING AND FINANCE
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696 1983-04-23 2 Reuter TO SEEK a return to fixed dollar parities or even to an internationally agreed band Of fluctuation (or the dollar on foreign exchange markets would be unrealistic, said Otmar Emminger, former West German Bundesbank president. Fixed dollar parities, even with a wide band,Reuter - 696 words
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Article132 1983-04-23 2 Reuter LONG-TERM capital outflows from Japan totalled a record U5527.42 billion in calendar 1982, compared with «22.81 billion in 1981, a < mc Capital inflows fell to $12.44 trillion from 113.13 billion in 1981. Japanese direct investments abroad dropped to MM billion in 1982 from aReuter - 132 words
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510 1983-04-23 2 Reuter SUMITOMO Bank expects Japanese monetary policy to remain easy in the next three years, except for a slight tightening in fiscal 1984 starting April. The bank said in a monthly report Japan's real economic growth in the three years would average 2.5Reuter - 510 words
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322 1983-04-23 2 AP THE Japanese yen should become more of an international currency, a top US Treasury Department official laid. "It will never become as important as the US dollar if we follow the right policies," said Beryl W Sprinkel, undersecretary forAP - 322 words
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300 1983-04-23 2 A DUAL interest rate itructure introduced for yen syndicated loans for the six months just started is raising a problem about who should qualify for the lower rates, banking sources said. A Finance Ministry guideline said a new rate at 8.7 per cent should be300 words
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Article285 1983-04-23 2 Reuter THERE are signs that the United States could abandon its total rejection of government intervention in the foreign exchange mar- kets, West German Finance Ministry sources said. They said the signs, of which they gave no details, emerged during meetings of officials of sevenReuter - 285 words
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427 1983-04-23 2 FT A PROMINENT banker has «pressed concerned about the way in which central banks had been pressing commercial banks to restore interbank credits to major debtor countries such as Brazil. Fritz Leutwiier, president of the Bank for International Settlements and Swiss National Bank,FT - 427 words
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396 1983-04-23 2 Reuter VENEZUELAN debt rescheduling talks are slow progress as foreign banks wait for the government to define its plans for International Monetary Fund assistance, banking and financial sources said. Venexuela's 270 bank creditors have yet formally to set their terms hr rescheduling, but itReuter - 396 words
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225 1983-04-23 2 THE NATIONAL Bank of Abo Dhabi will hold its worldwide Treasury conference in Singapore today and tomorrow. The choice of Singapore (or this conference, initiated Just last year at the bait's headquarters in Abu Dhabi, shows the growing importance of the Republic as225 words
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Article95 1983-04-23 2 Reuter TAIWAN'S Finance Mintatrv approved an spphrstion by Credit Lyonnais to upgrade its representative office In Taipei to branch status, a ministry official said. He said Credit Lyonnais qualified because it has loaned over USS2L3 nflllas to Taiwanese enterprises and carried out transactions in excess ofReuter - 95 words
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MONEY AND EXCHANGES
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Article444 1983-04-23 2 QUIET trading was seen on the foreign exchange market yesterday with the US dollar closing mixed against major currencies. It eased against the mark and the local unit and firmed slightly against the yen. Against the local unit, the US dollar opened at 2.1010/ 20 and moved within444 words
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Article110 1983-04-23 2 THE dollar for overnight delivery yesterday closed slightly firmer at 236.61 yen in quiet trading after opening at 236.50. This wat above the 236.40'50 finish in New York but below the 236.75 close in Tokyo on Thursday. Trading volume was a lightUSS7l4 million. Trading was quiet and featureless, especially110 words
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Article22 1983-04-23 2 THE •▼•rage rate at which major Singapore banks are currently prepared to lend to their best customers is 9.09 per cent.22 words
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Article165 1983-04-23 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on April 22: KiilS! UHMkntM Offer Bm 9 3/18 91/16 9* 9 5/16 93/16 97/16 95/16 99/16 97/16 9* 9V> Dm. IMUJ1 (•in. 1 month 3 months 6 months 12 months W4J 4% 5 S* s% V 1 1 Mil165 words
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Article57 1983-04-23 2 Opening quotes yesterday US 1.5470/80 Can-189» 9020 Cross -1.2289/12 Dmk 3.7915/35 D F1 4.2700 45 S FY 3.1840 85 B FY con 75.66 79 F FY *****0 3900 Ut 2259.50/2X2.00 Yen 365.80 396 D Kr 13 4720 4850 N Kr 11.0400 0520 S Kr 11.5820/5940 Aus Sch 26 67/7157 words
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Article268 1983-04-23 2 GOLD FUTURES in Singapore yesterday closed slightly firmer than New York levels after fluctuating narrowly throughout the session. Trading was moderate with total sales for the day, including kerbs, recorded at 963 lots. Prompt closed slightly higher at USS436JO/435.00 an ounce compared with $435.50/436.50 in New York, June at268 words
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Article37 1983-04-23 2 New York Il.tJB 12.23B 12. MS 12.306 Zurich «*tR UJ5B an i2.es I'M Tkm Singapore 12 MB 12JTB 12.116 12. ITS Qostng pric mi tat US dollan a troy ouno t. Source: Credit Suisse, S'pore.37 words
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Article152 1983-04-23 2 THE US dollar was barely steady in moderately active late trading yesterday with some position-squaring ahead of the weekend. It was overshadowed by possible further intervention from European central banks, dealers said, noting heavy selling of the US unit by the Bundesbank this week. They said it is hard152 words
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Article48 1983-04-23 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Apr 25 to Apr 29: Offered: 1100,000,000 Applied tar: $187,670,000. Altatted: 1100,000,000. Accepted Mis: 199.31 approximately 77 per cent; higher bids in full. Average rate at fcmsal altotnnt: 2.750 per cent per annum.48 words
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Page 2 Advertisements
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Advertisement248 1983-04-23 2 GOLD COIN LIMITED RESULTS FOR 1982 The audited results for the year ended 31st December, 1982 ore:B*ooo GROUP COMPANY 1282. 1081 US2 1881 Turnover 318,528 257,579 70,255 65,902 Trading profit Dividends, gross SKare of associated companies' results Profit before tax Taxation Minority interest Extraordinary items Profit attributable to Members of248 words
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TRADE AND INDUSTRY
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270 1983-04-23 3 THE Vocational and Industrial Training Board's proposed $6.2 million Resource and Staff Training Centre will be completed in May 1964. Construction of the threestorey building at the VITB premises was first announced in September 1900 by Dr Ahmad Mattar. Yesterday, Associate Professor270 words
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299 1983-04-23 3 THE number of tourists who visited Singapore in February declined 5.5 per cent over the same month last year. This is the third consecutive month since December last year that the number has fallen. The decrease in December 1962 was 3.3 per cent299 words
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408 1983-04-23 3 THE private sector should consider forming and using international trading houses to help expand Singapore's world market share. The success of the Japanese and South Koreans in this area needs no further elaboration, said Mr Ng Chon Choo, director (market development) of the Trade Development408 words
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136 1983-04-23 3 THE Trade Development Board is sponsoring eight local companies to the 15th Tokyo International Trade Fair. The eight companies are Selangor Pewter (S) Pte Ltd, Teow Hong Umbrella Fty Co (Pte) Ltd, Malayan Breweries, Ong Sam Yong Tea Merchants Pte Ltd, Singapore Gems136 words
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Article, Illustration158 1983-04-23 3 SINGAPURA Building Society has appointed WUUmb Be Ah Seag as its new general manager. Mr Ho, manager of Chartered Finance for the last 10 years, has been active in the Finance Houses Association and serves on its executive management committee. Banfc Meilart has Joined Newsweek International in158 words
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287 1983-04-23 3 WORKERS in the civil aviation industry in the Asia/ Pacific countries have Joined their respective governments and airlines in argument on the subject of protectionism in the industry. The debate, at a four-day meeting which ended here yesterday, revealed the workers did not hold a287 words
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470 1983-04-23 3 KOH TSE YING - By KOH TSE YING IN SPITE OF increased building activity by the Housing and Development Board, the building construction industry last year was dominated by the private rather than the public sector. Of the 14 billion worth of projects completed last year, about 60 per470 words
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Article, Illustration336 1983-04-23 3 THE excavation of Cold Storage Oentrepoint's pedestrian subway being built according to mas rapid transit system standards has been completed. This is the most important phase of the $5 million project which will link the Centrepoint shopping and residential complex to the vacant lot which used to336 words
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Page 3 Advertisements
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Advertisement171 1983-04-23 3 nriK WHICH BOOK WILL BE READ AND READ AGAIN BY CORPORATE GIANTS IN '83? HiH": \\%4* mm m m. U=-*4 s 9 &ym\ i. m m W" m M. 4* f j.;. i The Straits Times Directory (Buku Me rah) contains a wealth of information on the business industry in171 words
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OVERSEAS
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549 1983-04-23 4 Reuter FT AUSTRALIA'S new Labour government yesterday left out of its legislative programme the tax cuts it promised during the general election campaign. Labour, which ousted the Liberal National Party coalition in the March 5 general election, had pledged to cut taxesReuter; FT - 549 words
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Article1079 1983-04-23 4 VmmI Mrtti i Arrival Departure KEPPEL WHARVES Barber Memnon 46 alongside 23.4/2300 Dong Bee 38 alongside 23.4/0600 Garza Lima 18 alongside 23.4/2300 Great Mount 19 alongside 23.4/1800 Hanoi 2 45A alongside 23.4/2300 Hong Yin Iweri 15 alongside 23.4/0600 21W alongside 23.4/0600 King Pearl 23 alongside 23.4/2300 Kota1,079 words
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160 1983-04-23 4 THAILAND'S military, appsieatlj retailed h Meaday's general eieeiien, has repacked the appointed with Ms aapparters. Prime Mnteter Prem Tlnsalaasnda, a retired general, ■ppiteiui 44 wmmhers af the armed (areas ehlef General AMhU lamlsag-gk Is ths Ml east SemUe with ths fflwarol Pray,160 words
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499 1983-04-23 4 Reuter THE United States and Australia yesterday ordered Soviet officials to be expelled in the latest of a series of actions by Western governments against Soviet diplomats accused of spying. The FBI in Washington, announcing the latest expulsions of Soviet officials by WesternReuter - 499 words
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406 1983-04-23 4 Reuter SOVIET leader Tori Andropov's attempts to revive the economy through a tough campaign of discipline have so tar made little real Impact, Western diplomats said in evaluate* official industrial figures for the first three months of this year. These showed an economic growthReuter - 406 words
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609 1983-04-23 4 Reuter THE rally on the Frankfurt Stock Exchange has created what many bankers believe is the perfect climate in West Germany to increase equity capital. Investment analysts in major banks at Frankfurt have been expecting a wave of new capital issues this year,Reuter - 609 words
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571 1983-04-23 4 UPI ANYONE whose buiĔam i or organisation Is hard up can always sell air, says New York developer Charles Shaw. After all, he spent US$l7 million (or one chunk of it. And in his air, Mr Shaw built a 52-storey luxury condominiumUPI - 571 words
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453 1983-04-23 4 Reuter NON-OPEC oil producers must recognise their Joint responsibility with other oil producers to guarantee the price and supply stability of the oil market. Venezuelan Energy Minister Hnmberto Calderon Berti said links between Opec and non-Opec oil producers ought to be intensified toReuter - 453 words
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Article248 1983-04-23 4 Reuter NEW orders received by US manufacturers for durable goods rose US$25» million, or 0 J per cent, to a seasonally adjusted 178.34 billion in March from February, the Commerce Department said. That gain was the fourth in the last five months. It followedReuter - 248 words
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202 1983-04-23 4 Reuter A 1984 Federal budget plan which included a US$3O billion tax increase has been approved, despite President Reagan's objections. The Repuhlican-dominal-ed Senate budget committee approved the tax increase by a 12-4 vote. The increase was a Democratic proposal supported by four Republicans,Reuter - 202 words
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WORLD IN BRIEF
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Article439 1983-04-23 4 Agencies THE US Senate has approved, by a sweeping 91-5 vote, a proposal to delay by four years implementation of the 10 per cent withholding tax on dividend and interest income due to start on July 1. The proposal was attached to a relatively routine trade BUIAgencies - 439 words
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304 1983-04-23 5 UPI THE Polish government hardened warnings against May Day protests and brought back military-police patrols to remind workers that tougher measures lie in reserve. With more than a week to go before May Day, the traditional workers' holiday in Poland, the stepped-up propaganda campaignUPI - 304 words
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177 1983-04-23 5 AFP A GROUP of US doctors is experimenting with the use of interferon for the treatment of genital herpes, an infectious disease running rampant in the US and believed to have struck between 10 million and 20 million people. Interferon is a protein substance producedAFP - 177 words
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261 1983-04-23 5 THE first steps towards creating a common market of seven south Asian countries will be taken when their foreign ministers meet in New Delhi on Aug 1 to 3 to discuss regional cooperation. A number of areas have been identified as suitable for261 words
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Article706 1983-04-23 5 ARRIVALS Service Local Operator Number Time From SIA 3Q11 0040 LAX/TYO FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL PAA PA5 0245 JFKSFOHKG CAL CI331 0250 TPE MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 QMS KUL RBA Bid 1000 BWN MAS MH603 1020706 words
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720 1983-04-23 5 Reuter US Secretary of State George Shultz will fly to the Middle East tomorrow to underscore the Reagan Administration's determination to bring about the withdrawal of foreign troops from Lebanon and to keep its Middle East peace initiative alive. State Department officialsReuter - 720 words
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634 1983-04-23 5 Reuter A PROPOSED takeover by two self-made American millionaires has ruffled the upper-crust British auction house Sotheby's, provoking charges of snobbery when it declared the suitors unsuitable. Sotheby's, which has catered to fine art connoisseurs around the world for more than two centuries, saidReuter - 634 words
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273 1983-04-23 5 Reuter THE economic recovery starting in the US and spreading to Western Europe is extremely fragile and could collapse, international economists meeting in Tokyo said. Economists of the "Group of 30", a group of bankers, academics and securities advisers studying economic and money affairs,Reuter - 273 words
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347 1983-04-23 5 Reuters. AFP THE Australian government has rejected two and approved one proposal for the takeover of Australian companies by foreign-owned subsidiaries. The Treasury said the government was issuing an order prohibiting a takeover offer for Aliens Confectionery by Cadbury-Schweppes Australia Ltd and privatelyowned Nelson TobaccoReuters.; AFP - 347 words
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Article475 1983-04-23 5 UPI HALF a century ago in the US when management consultants were called efficiency experts, one of their favourite tricks was to hang a lot of signs around the office saying "Please turn off the lights when leaving." It became a joke. Why shouldUPI - 475 words
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Page 5 Advertisements
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Advertisement26 1983-04-23 5 Pan Am To Hongkong Daily At 8.15 am It's Ihe firs! Flight Out I'hr first f light in. Pan AmAbu C ant Beat the xperit nce.26 words
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Advertisement357 1983-04-23 5 TIMES INTER-BUSINESS HOUSES ATHLETICS MEET National Stadium Saturday, October 8,1983 Events MEN WOMEN 00m 1,500 m 100 m 200 m 400 m 800 m 3,000 m (FOR WOMEN ONLY) 5,000 m (FOR MEN ONLY) 4 x 100 m 4 x 400 m Triple Jump (FOR MEN ONLY) Long Jump High357 words
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Article467 1983-04-23 6 A RED CARPET spreads across the road near the back entrance to the Shangri-La Hotel. It is not the best way to welcome VIPs but then, the carpet was not laid there by the hotel management. It was feathered by a towering Flame of the467 words
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Article, Illustration709 1983-04-23 6 WILLIAM K STEVENS - The Taj Mahal has survived sackings and robberies since it was built 330 years ago, but it may not survive the threat posed by air pollution, reports WILLIAM K STEVENS WILLIAM K STEVENS NYT AS IT has for three-and-a-third centuries, the Taj Mahal still dazzles visitors withNYT - 709 words
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Page 6 Advertisements
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Advertisement36 1983-04-23 6 Watch the exciting contests between the teams Entry Forms tor Quiz participants are obtainable from Social Education Section, People's Association Headquarters, Community Centres and Times House, Kim Seng Road Closing date for entries: 4 April 8336 words
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Page 6 Miscellaneous
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Miscellaneous767 1983-04-23 6 CRYPTIC PUZZLE 9 Popular pro (2,6) 10 As well as the figure mentioned (3) 11 The coat of living, perhaps (6) 12 Is told there's a naval man outside 13 Where an American would once drink, were he to be in the money (7) 14 Recording the bank (4) 15767 words
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Miscellaneous729 1983-04-23 6 T.V4-RADIO SINGAPORE 5 1.00 fM Opening Mowed by Sesame Street (Children's programme) 2.00 Shazam (Cartoon): The Marvels find themselves in combat against Mr Mind and his army of destructive worms. 2.25 5,000 Years of Korean Art: For art lovers, a him on the Korean Art Works exhibition held in New729 words
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Article, Illustration1384 1983-04-23 7 Leslie Colitt - The story on page 6 explains how air pollution is threatening the magnificent Taj Mahal. Below, Leslie Colitt describes the devastation of Europe's forests that is threatened by acid rain, and the steps Eastern and Western European countries are taking to avert thisFT - 1,384 words
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Article, Illustration1585 1983-04-23 7 ARTHUR SANDLES - Spring and Park Lane bounces back Signs that 1983 could be a boom year lor Britain's hard-pressed hotel industry are borne out by occupancy rates at some of London's luxury hotels, reports ARTHUR SANDLES. But there is little cheer so far for seaside hoteliers. ARTHUR SANDLES FT AS SPRING sunshineFT - 1,585 words
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369 1983-04-23 7 STRAWS in (he Wind BRITISH Prime Minister Margaret Thatcher was recently told to pay more attention to her speech writers. A BBC report said she quoted some lines from the song, Maggie May, when she spoke about speculations of an early elections, adding,369 words
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Page 8 Advertisements
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Advertisement750 1983-04-23 8 Where to wine, dine and entertain ESS! with the American Express Card If you don't already have the Card, call *****33 for an application form" The Quest for Gourmet Adventurers u l At the Inn of Happiness. kYour search is over. The quest accomplished. Whatever you choose, it's bound to750 words
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Advertisement169 1983-04-23 8 1 I I Sink into a toft chair Mi your own coay a cool ntMyina drink in your hands. Ratax, in Aa baat way you know. And whan the drinks finally hit you. it your thought* matt whiia tht music of THE THUNDER BIRDS Wt your haad. Drop in 11.00169 words
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RAW MATERIALS
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Article170 1983-04-23 9 CHINESE Pradaoe Exetaife, per 1W kg yesterday. Cwtnt ell: Bulk fob $100.00 sellers, old drum (in second hand drum) fob $113.00 sellers, new drum fob $117.00 sellers. Cepra: Mixed (loose) $58 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers, Sarawak white pepper faq rob NLW $345.00170 words
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Article196 1983-04-23 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cettea yam: China Blue Phoenix 208 2,560; 32s 3,240, 40s 3,325 (per bale of 400 lbs). Piece geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article299 1983-04-23 9 SINGAPORE: Yesterday's closing prices in S$ per Itilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.74, 100 per cent third class 0.70, 25 per cent new crop 0.58, B-10 per cent 0.68. THAI BROKEN: A-super 0.62, Special 0.58. THAI299 words
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Article877 1983-04-23 9 COFFEE: Renewed concern over late arrivals of African robusta coffee shipments yesterday prompted trade covering in near May which saw its premium widen sharply to around £200 over July compared with £150 on Thursday. Market talk of labour problems at the Port of Le Havre may also have877 words
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Article138 1983-04-23 9 THE Malaysian crude palm oil market yesterday closed higher on covering support in moderately active trading, in anticipation of a higher Chicago market. In April, north rose 107 to $808 a tonne while central and south were traded unchanged at 1807.50. In May, central and north firmed $5138 words
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Article293 1983-04-23 9 RUBBER prices in Singapore yesterday closed «lightly lower with May One RSS buyers quoted at 244J0 cents a kilo, down 150 cents from Thursday's close. Morning prices were marked down slightly on lower Loodon advices and after-close level* here on Thursday coupled with aome selling interest. Afternoon prices lost293 words
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Article31 1983-04-23 9 Rubber: April 22 Singapore: 244.50 Mats (down 160 easts) Malaysia: May: 260.60 eeats (down L60 eeats) Tia: M $31.60 per kilo (dowa 5.00 eeats) ISO toaaes (up 26 toaaes)31 words
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Article338 1983-04-23 9 RAS prices In cenU per kilo yesterday: (per kilo) Chs (perl dlo) Iat. 1 RS.S prompt f o b MUO Int 1 R S.S Stay 144JO Iat 1 R.S.S. June Z30 SO 1st. 2 RS.S JM* UK/GMM 219 00 1st. 3 R.S.S 2M.M UK Coot 215.00 1st. 4338 words
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Article98 1983-04-23 9 1 1 SMR pnc, 111^) KA1 May [Cmm 1 (P«rw«ril Ml »n Sal ***** 211.00 moo mm 142.00 £8, Nik) S8R JO SSRSO NUU SMRCV SMRL SMKt SMR CP SMR 10 <1 (mOM, I1M pOMl (1M imOMI (I taapalbtl (1-M pdbtl li -M»dM) ll ta P*Bmi M|MI98 words
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Article93 1983-04-23 9 LACK if hnying interest die te the klgher Peuag level against the Lendea Metal Exchange pesltien yesterday weakened the Straits tin prlee te MfSIJI a kile, dewa five cents, dealers said. The prlee remained within the ITA lewer range ef $21.15 and fit ff The dealers aetod the93 words
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Article337 1983-04-23 9 THE market rose nine cents only to lose all its gain* finally, with trading and turnover more subdued than recently, says Hiliiy, Catler and Bath in its rubber review for the week ended April 21. Apprehension over the May squeeze initially made for continued covering of337 words
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Article110 1983-04-23 9 SOYBEAN futures in Chicago on Thursday closed 2tt to V« US-cot a bushel higher in thin, choppy trade. May traded in a 4 V.-cent r*nge. Lacklustre country marketings and a strong basis helped Arm prices on Thursday, traders said. Trade tali of an export broker binding about lour cargoes110 words
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Article197 1983-04-23 9 WHEAT futures in Chicago on Thursday ended 2V« to V« US-cent a bushel higher in light trade. May traded in a six-cent range. Export tender htisliusi this week and trade talk that Chins could buy wheat in lieu of corn bolstered prices, traders said. The Large Proftsshsul House bought197 words
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INTERNATIONAL STOCKS
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Article396 1983-04-23 9 HONGKONG STOCKS yesterday closed steady on sporadic overseas support in the afternoon, and the Hang Seng index ended up 5.06 at 1,006.53 after easing during the morning. Trading was fairiy quiet and selective, while concern over a possible further rise in local interest rates kept most potential396 words
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Article381 1983-04-23 9 PRICES yesterday were slightly higher on balance on scattered buying of lowpriced issues, but blue chips were narrowly mixed in a market waiting for fresh factors. The market average rose 20.06 points to end at 8,563.12 on light volume of 410 million shares. The Tokyo Stock Exchange381 words
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Article113 1983-04-23 9 SHARE prices yesterday closed mixed with losses and gains about equal in dull trading. APR a BahU Aofcham Thai Ell rdJ unch BUS ShM CtdMOi Thai Vk* ♦1 M Tniat 96.75 Ooodjp—r 0* Corp 141 -U unch )llipr>m«n Ommbi m unch U«W TOMT 4U0 -1 Salte Union M Sum113 words
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Article89 1983-04-23 9 apr a Paao* A cot* iilalnc Anglo Phil Ami Mining Atlas Con B. 0.014 -MM 31 JO -M Btfuk) OoU Bartc Petroleum Bancuat Con. B cncb Pint Phil HKJ«* Lapanto Uannduqua B Maritaal Ortantal B Phil Oaanaaa Phllax B MM Ml 0J0B +MM ;&ssi| unch -M unch 1J MB89 words
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Article399 1983-04-23 9 SHARE prices yesterday closed sharply higher in active trading, despite a downturn on Wall Street overnight. After opening modestly higher and trading uncertainly in the morning, the market rose sharply in afternoon trading, due largely to the strength of the oil and gas sector, dealers said. The All Ordinaries399 words
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Article158 1983-04-23 9 APR SI Pis ABM m AbOtd UUt Ate H« AM*V HMO ♦i tu iU KM jO-M. Nur* Nkttooi B« MUI k M n MM kl Nad 1«J> ♦u -i ♦u -u Awotak CT via ■as ■J* mm I ♦M M •U ■4 ♦U LI 4^ S3? 0 Oea Of158 words
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Article118 1983-04-23 9 AF m GROUP B COKBKILLK Ounioj- MB -U Air-Uqiud* m liSlllI" I" 10 11 lllllliMHMI MM caTTniSS? u TS* m U lUdiou<hn»q* m *1 GROUP c D» mi** mn andi "y- C SSSK" M*chtn— gull «1» -U OecManUte HI <»> (Mil M tine* OmntaUB no -4 L'orMl MM *U118 words
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Article128 1983-04-23 9 APR 11 FTmnc* Sudot Ra« MM AcUoot Hut— SB Butmr Pe M uncb Alii—I—« Br. «U uncb WmImt U» M Rm m Swla ink Br .1 Brown Bonri Br. lm *w Owp N a 25? 9*jP r IMS 4« »wtm tU-laaur 25?2!!? PC IMI *u iUf —a» io S5«°sa.t—a128 words
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Article84 1983-04-23 9 AM» a Lire ®m4o«i ai -u »g. M -TOO CKntnta On) mb .mm T t cf m Cond Atqua Rom Krldaaia rial Ord Otmnll a 1U 7*8 mi laos i -m -M -MB Ptr«Ul Ptrvlil Rai Rlniac M Ho And C Mil -M apt MM -m 1SMM -M mm*84 words
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Article191 1983-04-23 9 ami a a ammm ns -H Alcaa a uoch as w But Nmi Scot* M Ttf as VQulM an +s Braacaa a* -ft cuubaub cuiap m as -s OwtaHt Cup «IS H cu%om as s cuTld Lk as -I Co Btkrt C3 A as oi>w as nm>w HZ 1191 words
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Article81 1983-04-23 9 APR 21 rr« rOBWAKD MAIXIT Ana* 1 410 ArtMd iiff Actor m met Iriactn im 40 ssr 1M if 31 4 Da Dun 431 4-IS MM 4ft Bacuolwl am 40 Ob-Inno-Bm 3M> 4ft n» SIM 4-00 Or Bra LiM ICM 00 Hotnk 4 30 MM 5300 30 unch Rji81 words
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Article83 1983-04-23 9 APR a DM IW Coammbu Conu Oumn Daimler-Ben Defuaaa ken JMO MMO injo SSOJO ik i*i JO ti MM Ml JO ♦ti «u -01 10 ♦u ♦Oil ♦u Demac Deutache Ba. Dreadner Ba. OHH nk MOO nk MMO MOW ♦7J UJ Hoachat Hoaach Morten lUraUdl KHD Linda l«OW M-1083 words
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Article205 1983-04-23 9 AMI SI Rand industrials MM -u Abarcon m M At And CI MM M MM Bulo»i C O BntlUi UN MM unch 1M CMA MM M IMWOtl Currfct nuact <M D» Inn lad UctD SSTvoU zz m unch OniMu unch KMd ZZ m Ub HoMa HUB Loaifet LTA MM205 words
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Page 9 Advertisements
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Advertisement221 1983-04-23 9 HARIMAU INVESTMENTS LIMITED (Incorporated in The Republic of Singapore) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1982 The audited results of the Company and the Group for the year ended 31 December 1982 51,809.000 60.287.000 50,554,000 56.794.000 117 136 1.14 128 Operating Profit 3,411.000 5.323.000 2,897,000 2.814,000 Less: Provision221 words
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2620 1983-04-23 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in 100 of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after2,620 words
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Article189 1983-04-23 10 SNOANUUMTIBU IT DIAMOND MO 1 r rroti t The Commerce -JT »> 3.38 (Ml ■■■■■■'prtM.1 Apr The Saving* Fund in 2.04 Diamond S pore Prof Fund im 1.57 S'pore F« (USD 0 56 050 S pore See Fund 2 24 2 38 SI 1.13 1.24 S pore Invest189 words
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Article3346 1983-04-23 10 Gr*» Gr's Net 1983 Coapujr Last Div Div YTd P/E Vol Day High Low Sale or- Ctt COOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 280 235 Aetna 271 -4 21.7 05 10 265 3 272 271 106 148 Alcorn 181cd -3 55 18 17 110 53,346 words
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Article1972 1983-04-23 10 BID and offer prices aWirtoiiy feted and Mm in and reported to the Kuala Lumpur Stack Exchange yesterday, with the number at shares traded tbtmm In brackets in lots of 1.000 units unless otherwise specified Dawmuu Atmm (2.SOS) Aleem 203 (C) 2.04 (4) 201 (18) 2.02 AMD1,972 words
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Article798 1983-04-23 10 THE local stock mrfcrt elated mixed yesterday after i firm opeatag. Najar Wleei, however, still Haan Coaapntte UnvZ tM patsta Ugher at M 1.42 aad the Btralto Times ladasrial ladex galaed U2 potato ts 911.11. Ovendght, the New York market was daws slightly by IM potato798 words
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Article534 1983-04-23 10 AN IMPROVEMENT in sentiment in the afternoon session helped boost stocks on the Kuala Lumpur stock market yesterday. Reflecting the overall buoyant trading conditions, the 30-counter New Straits Times Industrial Index jumped 17.40 points to 1206.81. Prices opened on a slightly steady note and continued534 words
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COMPANY NEWS
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857 1983-04-23 11 NYT ONE OF the most popular Stories In Stockholm at the headquarters of the LM Ericsson Telephone Co is about a visiting stock analyst who expressed astonishment that the company had emerged from its reorganisation last year without an unprofitable or ill-fittingNYT - 857 words
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Article168 1983-04-23 11 Reuter FIRST quarter earnings of RJ Reynolds Industries Inc fell to US$l59 million from $185 million a year ago. Reynolds blamed the lower results on the doubling of federal excise tax on cigarettes, softening energy prices, a US$3O mil- lion charge for an early rev tirementReuter - 168 words
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Corporate Roundup
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Article78 1983-04-23 11 price compe- tition in the home computer market will affect Texas In(tnonfi second quarter results, company officials said. They noted the final month of the current quarter will reflect the effect of a planned $50 rebate, effective on June 1, which will cut the retail price of the 99/478 words
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Article63 1983-04-23 11 said its worldwide sales remained strong in fiscal second quarter with demand for its new Apple lIE personal computer exceeding expectations. The demand has caused temporary retail shortages for the model and production has been accelerated to meet growing market requirements. It recently reduced prices on its63 words
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Article52 1983-04-23 11 has again omitted payment of its quarterly dividend and defened payment of dividends on its preferred stock. Harvester's restructured debt arrangement with its lenders prohibts payment of dividends. The agreement expires on Dec 15,1983. Harvester last paid a dividend on its common of 30 cents a share in52 words
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Article192 1983-04-23 11 expects to report a profit in the 1983 second quarter, executive vice-president-finance Robert Miller said. In the 1982 second quarter, Chrysler had a net of U*****.9 million or 11.34 per share on sale of 12.86 billion. Chrysler disclosed a 1983 first quarter net of $172.1 million or $1.97192 words
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109 1983-04-23 11 Reuter reporting higher first quarter earnings and sales, said currency exchange rates lowered its 1983 sales by $85 million. Because of the strength of the dollar compared with the year earlier period, its income was reduced by about $14 million, or 12 cents a share.Reuter - 109 words
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Article1273 1983-04-23 11 NEW YORK STOCK PRICES closed lower for the second time in 11 days on Thursday as the market ran into resistance near the i' critical 1200 level on the Dow Jones Industrial Average. The Dow moved back and forth all day, climbing 4*4 points in1,273 words
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293 1983-04-23 11 CITY Devwlafwls' Unty tan mn confident that the ay Is operate prsfltaMy this year. Awarding ta chairman Kwefc Haag Pag, the afcawa psattfve ■pa sf recovery after as* perteaefag a iintiw< la 1981 and a relative tail la early 198$. The Impact of the293 words
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882 1983-04-23 11 CHRIS LIM - ■arkat Talk... By CHRIS LIM LONDON stock broking firm, Simoa and Chafes, has recommended Ptrsaiut CiryiriUw as a good longterm investment. It said that in the short term, the price of |3.82 is expensive compared with other property counters. However, its activities and land hank882 words
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377 1983-04-23 11 Reuter IMPERIAL Chemical Industries PLC had good sales in March, and as s result, its first quarter figures will show a distinct improvement on those of any quarter in 1982. Chairman John HarveyJones told the company's annual meeting that trends in feedstockReuter - 377 words
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Article157 1983-04-23 11 BEN aad Cempaay Limited: EGM to be held in the Conference Room of the Company, 230B Pandan Loop, Singapore 0612 on April 25 at noon. CARLSBEBG Brewery Malaysia Berhad: Thirteenth AGM to be held at La dang Perusahaan Shah A lam. Se Lang or on April 25 at157 words
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537 1983-04-23 11 Reuter THE INDIAN Finance Ministry has described as unfounded reports that Indians living abroad were trying to take over some domestic companies. Ministry officials said there was no basis in fears expressed by some industrialists that the government's liberalised policy to attract foreign investment wasReuter - 537 words
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Page 11 Advertisements
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Advertisement133 1983-04-23 11 Banco de la NacK>n Argentina U.S. $26,000,000 Floating Rat* Notts Dim 1987 In accordance with the provision of the Notes, notice is hereby given that for the six-months Interest Period from 23rd April, 1983 to 23rd October, 1983 the Notes will carry an Interest Rate of 9H per cent per133 words
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Chief Price Changes
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Article167 1983-04-23 12 Rises Indices Austral AMI 580 80 Public Buk 780 40 April 21 April 22 M CMMI M*1M PMC 786 410 975 30 >28 BT Composite: 898.77 ***** 25 BT Indicator: *****5 *****9 C C 826 25 ST Industrials: 912 09 917.91 Hum M 000 20 ST Finance: 2249.58 2255.87167 words
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Article, Illustration174 1983-04-23 12 Rises Indices Pengkalen Tin 1600 100 April 21 April 22 P bank 835 45 Tronoh mo 40 MBT Index: *****67 *****00 Hume (M) 660 25 NST Industrials: 1189.41 1206.81 M Tobacco 660 25 NST Finance: 2041.36 2050.51 C A C Ltd 685 25 NST Hotels: 656.53 656.53 F174 words
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Article833 1983-04-23 12 STOCK prices yesterday eased in technical reaction to Thursday's sharp gains, with trading quiet ahead of the account end, dealers said. The Financial Times index at 3pm was down 6.8 points at 685.2. Chemicals were sharply lower after their strength Thursday on ICl's optimistic annual statement. ICI was833 words
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Article53 1983-04-23 12 H.K.HANG SENG Friday 1006.53 Thursday 1001 48 Week Ago 1007.14 AUSTRALIAN INDUSTRIALS Friday 736.6 Thursday 730.9 Week Ago 701.7 ALL ORDINARIES Friday 597.4 Thursday 590.5 Week Ago 566 2 FINANCIAL TIMES INDUSTRIALS Thursday 692.0 Wednesday 678.2 Week Ago 688 9 DOW JONES AVERAGE INDUSTRIALS Thursday. 1188.27 Wednesday 1191.4753 words
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545 1983-04-23 12 NAJEEB JARHOM - HUMS Companies Editor: Mano Sabnani By NAJEEB JARHOM AMBASSADOR Hotel Ltd believes that its first property venture in Australia after the sale of its namesake hotel last August provides real potential for capital gains in the medium term. The company had earlier announced545 words
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Article93 1983-04-23 12 Reuter HARRISON Malaysian Plantations Bhd (HMPB) has agreed in principle to purchase the remainder of Jomalina Sdn Bhd shares which it does not already own. The company said yesterday that it will buy the 70 per cent stake for MJ25.9 million cash. Jomalina, oneReuter - 93 words
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205 1983-04-23 12 LIM Kheng Kim Holdings (LKKH) has issued a formal takeover bid (or Chocolate Products (Malaysia) Sdn Bhd. LKKH, which has acquired 3.748 million shares or 34.07 per cent in Chocolate Products, is offering M 53.55 cash (or each of the remaining shares in Chocolate Products205 words
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671 1983-04-23 12 DUNLOP Holdings PLC shares are holding up well on the London Stock Exchange in spite of sharper 1962 losses and an unexpected final dividend ommission. Analysts in London believe that the resilience of the shares could be due to the market's671 words
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Article140 1983-04-23 12 GOLD Coin Ltd has reported a doubling of Its gmp preUx profit to $22.45 million ($11.74 million previously for 1182. Group turnover, however, uw t smaller growth ol 24 per eeat to $318.53 million ($251.58 million). It directors have recommended a final dlvMeod of 9 per eeat gross (hased140 words
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Article184 1983-04-23 12 GENERAL 8eeuttfas Investments and United International Seearltles have announced separately, their unaudited consolidated net tangible asset backing per share at $2.02 and $1.80 respectively as at March 31,1983. ALLIED Chscslate Industries said it has obtained the relevant Malaysian authority's approval on the sale of the company's shareholding of184 words
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332 1983-04-23 12 RECENTLY-llsted ANA ll*teli has achieved better-thaa-expeeted earalags far tan. The awaer af the Ceatary Park Bheralaa Hate! yesterday ——>i a pre tsx profit af $1.47 lalltlaa tar the 12 meatha to Dee 21, IMS. This Is nearly 18 per ceat higher thaa the332 words
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264 1983-04-23 12 CHOO AI LENG - By CHOO AI LENG HARIMAU Investments Ltd has incurred an aftertax loss of 1597,000 for the year ended Dec 31, 1982, after making a profit of $2.3 million the previous year. This is the first time in many years that the closed-end investment trust's264 words
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274 1983-04-23 12 MBF Holdings Bhd has forecast a marginal 6.7 pacent increase in group pretax profits to M 514.24 million for the year ending this September. Based on the capital to be enlarged to 174.8 million of 50 cents each, gross earnings per share would274 words
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Page 12 Advertisements
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Advertisement182 1983-04-23 12 BUSINESS TIMES Special Focus On i iAN,i ftBNINSULAR MA I AYSIA V-. V.l 1 *MR "2 JMATRA JOHOR >ahru SINGAPi One out of every seven investors picked Johor as their operating base. This is not even new. The trend has been on for 15 years. Manufacturing accounts for more than182 words
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Page 12 Miscellaneous
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Miscellaneous60 1983-04-23 12 WEATjHER; OUTLOOK for today: Hazy and sultry; showers in a few areas in the afternoon. Report for 24 hoars prior to 7.M pm on April 22»ttke airport: Maximum temperature 35.6 Associated humidity 54 Minimum temperature 25.6 Associated humidity 90 Hours of sunshine 5.00 Rainfall in millimetres Trace Total rainfall for60 words
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