The Business Times, 14 May 1983
1983-05-14
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The Business Times
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Title Section10 1983-05-14 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MAY 14,1183 60 CENTS10 words
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423 1983-05-14 1 KOH TSE YING - by KOH TSE YING A ROW has broken out at Ardmore Park, a condominium owned by Malayan Credit Properties, over the interpretation of the word "tenant" in the tenancy agreement. According to three foreign companies, which rented apartments there to accommodate their staff,423 words
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230 1983-05-14 1 CREDIT POSB has cut its interest rates for property loans —i a few days after DBS Finance brought its rates to the lowest in the industry. The new rates announced by Credit POSB, the lending arm of the Post Office Savings Bank, are now230 words
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284 1983-05-14 1 JOHN LIM - By JOHN LIM SINGAPORE Airlines (SIA) and Malaysian Airline System (MAS) are discussing the possibility of forming a separate company to operate the shuttle service between Singapore and Kuala Lumpur. An SLA offical confirmed that discussions have been held between the two airlines but284 words
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551 1983-05-14 1 SOH TIANG KENG - By SOH TIANG KENG NEWS of the Government's whopping $6.15 billion bond issue its largest so far had only a brief impact on the interbank market yesterday. Overnight and term rates shot up intially but closed mostly unchanged as dealers reported intervention by551 words
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494 1983-05-14 1 Reuter TAIWAN'S textile industry is facing the same problem it created for Western countries 20 years ago competition from developing countries. Textile exports earn Taiwan nearly a fourth of its total export earnings of US$22 billion a year and make the country one of the world'sReuter - 494 words
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BRIEFLY...
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Article80 1983-05-14 1 MALAYSIA produces 330,000 barrels of oil a day and out of this, exports between 265,000 and 270,000 barrels. Finance Minister Tengku Razaleigh told the State Umno convention yesterday that only 60,000 barrels of the 330,000 barrels are used locally. He said that Malaysian oil, which is of80 words
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Article72 1983-05-14 1 Reuter PENINSULAR Malaysian trade deficit naiTowed to M 5453.9 million in February from $542.5 million in January but was above the $366.3 million shortfall in February 1962. The Statistics Department in Kuala Lumpur said yesterday that February exports fell to $1.67 billion from $1.76 billion in JanuaryReuter - 72 words
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Article79 1983-05-14 1 Reuter INDUSTRIAL land supply in Hongkong should continue to exceed requirements, both in the mediumterm to 1991 and in the long-term to 2001. A special government committee on land supply in the British colony suggested yesterday that the government should consider rezoning between 40 and 50Reuter - 79 words
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Article71 1983-05-14 1 Reuter SOVIET industrial production grew by 4.4 per cent in the first four months of this year, compared with the same period in 1982. The Communist Party newspaper Pravda reported yesterday that the figure was slightly down on the 4.7 per cent increase registered in the firstReuter - 71 words
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Article97 1983-05-14 1 Reuter THE Philippine government plans to further scale down its coconutdiesel fuel programme because of rising coconut oil prices and a drop in crude oil prices. An Energy Ministry spokesman in Manila said yesterday that the programme of selling fuel mixed with 3 per cent coconut oilReuter - 97 words
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Article55 1983-05-14 1 AP JAPAN is studying a plan to promote technical cooperation with Western nations in industrial robot development. Mr Yasuo Uchinaka, an official of the Academy of Industrial Science and Technology in Tokyo, said yesterday that Japan may propose the plan at the summit of industrialised nations in theAP - 55 words
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Article66 1983-05-14 1 UPI TAIWAN yesterday approved an application by Pan-Am World Airways to resume Tokyo-Taipei flights dropped by the airline in 1978 in favour of a service to Beijing. The Ministry of Communications in Taipei said the application, submitted in April, was approved under the 1980 Taiwan-US Air Transportation AgreementUPI - 66 words
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319 1983-05-14 1 RESERVISTS will eoastitote 45 per Mat af the male —MMM and IS per eeat ef male workers earalag mere than Mjm a maath by IMI. This prajaettaa was made by Prime Minister Lee Knan Yew la his message far the IMb anniversary319 words
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435 1983-05-14 1 TSANG SAU YIN - By TSANG SAU YIN SINGAPORE should promote work dedication and not worker loyalty because of the "peculiarity of our economy", a National University of Singapore lecturer said. Dr Chew Soon Beng, a lecturer in the Department of Economics and Statistics, raised several questions435 words
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Page 1 Advertisements
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Advertisement235 1983-05-14 1 BOOKS FOR PLEASURE Times umdbl OVERSEA-Chinese Banking Corporation is confident of further growth once the world recession ends Page 2 SOME 3,600 local firms are expected to invest $334 million in computer hardware over the next three years Page 3 A MARKED increase in Nigerian oil output during the past235 words
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Advertisement101 1983-05-14 1 Elegance Nouvelle all-steel woods from Lynx Femme Fatale on the prowl mm a. W sa 1/ Women golfers often face a big handicap on the course. Because most clubs for women are of inferior design. Now Lynx has created the exclusive Elegance Nouvelle all-steel woods. Combining good looks with great101 words
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Advertisement161 1983-05-14 1 Published and Distributed by FEDERAL PUBLICATIONS Jurortg Port Road, Singapore 2261 A mamtoar of Tha Tima» Organisation Editorial...page C 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 in161 words
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BANKING AND FINANCE
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Article750 1983-05-14 2 NAJEEB JARHOM - By NAJEEB JARHOM OVERSEA-Chinese Banking Corporation, which had deliberately tailored its business policies so as to be prepared (or a possible economic crisis, is supremely confident of further growth once the world recession ends. Retiring chairman Tan Sri Tan Chin Tuan said it is "my750 words
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Article483 1983-05-14 2 SPAIN is raising its planned Euroloan to US$6OO million from $500 million and has awarded the mandate to Chase Manhattan Bank and Morgan Guaranty Trust Co. The credit will be divided into two tranches of $300 million, one of five years and the second of eight. The483 words
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Article156 1983-05-14 2 Reuter THE International Monetary Fund has recommended devaluation of the Venezuelan bolivar and strict fiscal and monetary controls as conditions for agreeing to a standby credit. The recommendations are contained in an eight-page IMF report received this week by Venezuelan Finance Minister Arturo Sosa. The reportReuter - 156 words
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188 1983-05-14 2 Beater JACQUES de Lareaiere, bead ef the latoraatleaal MneUry Faad (IMF), bi been reappointed to a sec•ad five-year term aa msaaglag director ef the werid leading ageacy. Mr de Larwriere, farmer director ef the Preach Treasury, taah aver aa maaaglag dlreetar and chairmanBeater - 188 words
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480 1983-05-14 2 Reuter THE American M-2 money supply, the main focus of Federal Reserve policy, is expected to have shown little or no growth in April, money market analysts said. Forecasts from economists surveyed by Reuters ranged from unchanged to up USM-2 billion, with an averageReuter - 480 words
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Article207 1983-05-14 2 AP FOREIGN and Brazilian private bankers received good news on Thursday, as a federal congressman withdrew a Bill to nationalise Brazil's banking institutions. But other Brazilian congressmen, from parties farther to the Left, said they would reintroduce similar proposals. Nilson Gibson of the militaryAP - 207 words
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473 1983-05-14 2 NYT KEY chairmen of US congressional committees have criticised the insurance industry for having abruptly ended negotiations and reversing its position on legislation that would prohibit sex discrimination in setting insurance premiums and benefits. They held a news conference on Thursday to protestNYT - 473 words
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MONEY AND EXCHANGES
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Article478 1983-05-14 2 THE US dollar firmed against most major currencies but weakened against the yen on the foreign exchange market yesterday. Trading was generally quiet, with most of the interest focussed on the mark. The US dollar opened against the local currency at 2.0870/80, marginally up from Thursday's close. Fluctuations478 words
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Article263 1983-05-14 2 THE US dollar yesterday firmed further in moderately active late trading due mainly to fading expectations of an imminent US discount rate cut. Dealers noted higher US retail sales figures and higher Fed fund rates, which they said both suggested the Fed is unlikely to cut the rates before263 words
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Article22 1983-05-14 2 THE average 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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Article186 1983-05-14 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on May 13: 7 days 1 month 2 months 3 months 6 months B months 12 months US D*IUrs(8pot) Offer Bid IH 8'. 8>. 815/16 9 13/16 9 9H 9* 9 93/16 9 fc/16 Oaa 8w Jn. (MUJL 11 mI186 words
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Article48 1983-05-14 2 RANGE of price* offered by discount house* on May 11: Overnight: 1 Call deport ti: 2 3 Cbtiaf Baying Selling 3- month Treasury bills 2* 2 3-month Bank bills 7* 7* 3 months CD 7Vt 7H 6 months CD 7 5/18 7 3/16 Source: National Discount Co48 words
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Article102 1983-05-14 2 THE dollar yesterday opened sharply higher as operators corrected oversold positions ahead of the weekend, and remained mixed to firmer in early trading. The US currency opened at 2.4520/30 marks after 2.4392/4402 at Thursday night's close, reflecting its overnight advance through 2.4420/30 at the New York close and 2.4515/22102 words
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Article303 1983-05-14 2 GOLD FUTURES in Singapore yesterday fluctuated within a narrow range throughout the session in quiet trading before closing slightly higher than the New York levels. Total sales for the day, including kerbs, was recorded at 559 lots. Prompt closed slightly firmer at U*****.90/439.50 an ounce against $438/439 in New303 words
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Article33 1983-05-14 2 New York 12 838 HUB 13.006 13.18S Zurich -B 1315B —S 13.25S Prt Than Singapore Qoaing price a troy ounce. U.82B 12.93B 12.92S 13.03S to US dollars §Hfw:CM H Mae. S'aare.33 words
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Article49 1983-05-14 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from May 16 to May 20: Otfered: *120,000,000 Applied far: $141,000,000. Allotted: $120,000,000. Aecepted Uds: $99.33 approximately 87 per cent; higher bids in full. Average rate af dtoeeaat m aUatmeat: 2.635 per cent per annum.49 words
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Page 2 Advertisements
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Advertisement248 1983-05-14 2 mm Profiles and Reminiscences of Men Who Have Shaped the Modern World RN: The Memoirs of Richard Nixon was called "the most absorbing political memoir of our recent history." The Real War was called "important and urgent" and "brilliant and informed." Both were international bestsellers with a combined sale of248 words
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Advertisement452 1983-05-14 2 BANQUE BRUXELLES LAMBERT BANK BRUSSEL LAMBERT FIRST HALF YEAR 1982-63 Shareholders' funds increased Profitability displays continuing improvement of the Board of Directors of the Banque Bruxefles Lambert was held on 11 The Directors were pleased to record the unqualified success of the capital increase last March which involved on aggregate452 words
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TRADE AND INDUSTRY
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370 1983-05-14 3 SINGAPORE needs a secure multibank communication network before electronic funds transfer (EFTs) becomes a reality. Speaking on the final day of Conference '83, Mr W E J Parry of International Computers Ltd in Singapore noted that traces of EFTs are already seen in370 words
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474 1983-05-14 3 HOUSING and Development Board flats built by the prefabrication method are as structurally sound as those built by the conventional method. This is supported by the fact that the same set of renovation guidelines apply to flats built by both methods. Giving the assurance yesterday,474 words
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Article, Illustration332 1983-05-14 3 BERGEN Bank Asia Ltd, which was officially inaugurated in Singapore on May 11, has announced the following appointments: 1 it EspelM managing director. He comes from Bergen Bank's central office in Oslo where he was deputy general manager and head of the bank's petroleum department. Mr Espelid332 words
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Article, Illustration134 1983-05-14 3 A DUTCH manufacturer, AaPeHa International BV has designed an aluminium hydraulic swivel lift for lifting wheelchairs and their occupants from the pavement and place them in an ambulance or other vehicles. The lift consists of a platform, a swivelling arm, a control panel, guides for the wheelchair and134 words
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180 1983-05-14 3 FIVE hotels have responded to the Singapore Tourist Promotion Board's subsidy scheme to publicise discounted room rates in overseas markets. Three of them Paramount, Sea View and Equatorial have received STPB's approval for subsidised advertising costs in publicising the discounts. The remaining two hotels180 words
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437 1983-05-14 3 SOME 3,600 local companies are expected to invest an estimated $334 million in computer hardware over the next three years. About $250 million of this total will be used by the existing 1,800 computer-user companies to upgrade or replace their hardware while the437 words
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298 1983-05-14 3 TRAVELMORE, a member of the Keppel Shipyard group of companies, has embarked on a promotion of Peninsular Malaysia as a tourist destination. The emphasis tfttl be on group tours aimed at companies which offer incentive holidays to employees, company recreation clubs and civic organisations. Operations298 words
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Page 3 Advertisements
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Advertisement184 1983-05-14 3 WHICH BOOK WILL BE READ AND READ AGAIN BY CORPORATE GIANTS IN '83? mm m WOk if ■i v;V 6?> c!\W <*?> ■fe:= ilil 1 Pi Hi: mmmm sit r I m m m t :1h s fe a *m The Straits Times Directory (Buku Merah) contains a wealth of184 words
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OVERSEAS
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432 1983-05-14 4 AP PRESIDENT Reagan has endorsed proposals for a "build-down" of US and Soviet nuclear arsenals and won approval from a key Senate committee for funds to press research and development of the MX missile. The Senate Appropriations Committee voted 17-11, with one abstention,AP - 432 words
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228 1983-05-14 4 AP ABOUT 3,000 anti-Nato activists in West Berlin vowed on Thursday to blockade missile sites, stage street protests and wield their votes to stop the deployment of new nuclear missiles in Western Europe. Delegates to the European Nuclear Disarmament Conference in the city alsoAP - 228 words
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Article739 1983-05-14 4 ARRIVALS Service Local Operator Number Time From SIA SQ11 0010 LAX/TKO PAA PA5 0015 JFK/SFO/HKG FT FTO 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 ***** TPE MAS MH601 0820 KUL MAS MH671 0906 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI4ZL 1000 BWN MAS MH603 1020739 words
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614 1983-05-14 4 Reuter A MARKED increase in Nigerian oil output during the past months is helping to erode spot prices of high quality crudes and could lead to renewed strains in the Opec price structure, oil traders in London said. In its latest market report, petroleumReuter - 614 words
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308 1983-05-14 4 Reuter BRANIFF International, the American airline grounded last year with debts of more than USSI billion, has announced that it hopes to fly again in October after an injection of funds from the Hyatt Hotel chain. The announcement, made in Dallas on ThursdayReuter - 308 words
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434 1983-05-14 4 AP THE Lebanese Cabinet on Thursday approved the final draft of a US-mediated troop withdrawal agreement with Israel, an authoritative source in Beirut said, while Foreign Minister Elie Salem journeyed to Damascus to persuade Syria to go along with the pact. TheAP - 434 words
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173 1983-05-14 4 Reuter SWITZERLAND'S two biggest watch manufacturers, both plagued with heavy losses, plan to merge, a major shareholder in one of them said in Zurich. A spokesman (or Union Bank of Switzerland said Allgemeine Schweizerische Uhrenindustrie AG (Asuag) and Societe Suisse pour l'lndustrie HorlogereReuter - 173 words
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515 1983-05-14 4 AP DOCUMENTS that (or years were guarded as "one of the best-kept secrets of Poland" indicate Polish leader General Wojciech Jaruzelski and other officials have used their positions to enrich themselves, a West German magazine reports. Copies of the documents implicate General JaruzelskiAP - 515 words
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306 1983-05-14 4 AP BRITAIN'S Prime Minister Margaret Thatcher's Conservative Party shot to a record 21-point lead over the opposition Labour Party in an opinion poll published on Thursday, pointing to a landslide victory in June 9 general elections. Mrs Thatcher warned rank-and-file legislators toAP - 306 words
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Article1023 1983-05-14 4 VWNl KEPPEL WHARVES Builder Jin Liang Cheng Ratna Kirti Jenhol Adv JoBlrk Kota Maju KotaRia Malayan Freedom Roberto Sargodha Seng Oiap Takasago M No 12 Wlline Toyo PASIR PAMJAMO Asia Global Diamond Star Dai to Maru Gold Mountain Latangan Sri Nam Hua2 Asian Star No 1 Bahari1,023 words
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150 1983-05-14 4 Reuter ASIAN consumption and imports of oil have risen steadily since the mid-1970s but production and exports have declined since 1978 79, resulting in an alarming build-up of stocks, Drewry Shipping Consultants Ltd said in a study. The study, entitled "Asian oil trades andReuter - 150 words
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564 1983-05-14 5 Reuter THE US Commerce Department may revise downwards first quarter real gross national product annual growth to around one per cent from its preliminary 3.1 per cent figure, J Henry Schroder Bank and Trust Co economist and vice-presi-dent Aubrey Zaffuto said. TheReuter - 564 words
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240 1983-05-14 5 JAPAN'S customs cleared trade surplus narrowed to US$2.O2 billion in April from a downward revised $2.03 billion in March, but was well above a $485 million surplus a year earlier, the Japanese Finance Ministry said. F. 0.8. exports in April fell 1.1 per cent240 words
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168 1983-05-14 5 AP PEOPLE from 14 US states and six other nations were the victims of a US$5OO million-a-year swindle using overvalued gems to buy property, police in Anaheim, California, say. "This is the largest such fraud ever detected in California," police spokesman DeanAP - 168 words
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430 1983-05-14 5 Reuter THE Republican-controlled US Senate has reached stalemate after a two-week struggle to agree on a 1964 government budget. After failing to muster a majority of 51 to approve the plan, the 100-member Senate agreed by voice vote on Thursday to order its BudgetReuter - 430 words
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Article150 1983-05-14 5 Reuter THE US House Ways and Means Committee has voted to repeal th? 10 per cent withholding tax on interest and dividend income due to start on July 1. The full House is expected to take up the plan. A majority of the House has signedReuter - 150 words
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503 1983-05-14 5 Reuter FORD Motor Co chairman Philip Caldwell said after the company's annual meeting yesterday that it expects its US car sales to surge this year, following introduction of new compact can next week and sharp increases in American factory production. Mr Caldwell said:Reuter - 503 words
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650 1983-05-14 5 NYT CRITICISM of American economic policy is waning in West Germany as the economic summit conference in Williamsburg, Virginia., approaches. The change in attitude reflects growing optimism within Germany about its own economic prospects. If anything, West Germans appear more optimistic about their country'sNYT - 650 words
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WORLD IN BRIEF
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Article409 1983-05-14 5 Agencies CHRYSLER Corp has told the US Government Loan Guarantee Board it is withdrawing its proposals concerning the cancellation of warrants held by the government to buy Chrsyler stock. The company said reaction to published reports relating to its request to cancel the warrants has obscured "itsAgencies - 409 words
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132 1983-05-14 5 AP SCIENTISTS at the world's largest radiotelescope have begun analysing data from a "quite successful observation" of the closest pass of a comet in two centuries. Scientists used the 306metre diameter radiotelescope at Arecibo Observatory, west of San Juan on Puerto Rico's northern coast,AP - 132 words
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233 1983-05-14 5 Reuter MANVTLLE Corp has requested the US Bankruptcy Court to extend for 90 days until Aug 22, the period during which the company has the exclusive right to file a plan of reorganisation. The company, which is operating under chapter 11 of the Federal BankruptcyReuter - 233 words
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Article101 1983-05-14 5 Reuter A GROCERY shop in Morristown, New Jersey, is being sued for US»71,000 because it sold five books of matches to two young boys who started a fire that burned down a furniture warehouse. The suit, which also names as defendants the boys and theirReuter - 101 words
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380 1983-05-14 5 Reuter A BRITISH government commission said it had been unable so far to rule out the possibility that linguist Geoffrey Prime was not the only Soviet spy working at Britain's top-secret code-cracking and signals centre. The four-man commission, whose report was published afterReuter - 380 words
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305 1983-05-14 5 Reuter ABOUT 1M Western kni neaa and government leaden will meet at the Qaebec resect at MeateMle this weekend te disc am literaattenal lames la private be* fere the Wllllamsbarg summit later this meath. Caaadiaa Prime Minister Pierre Tradeaa, farmer US secretary sfReuter - 305 words
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Page 4 Advertisements
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Advertisement24 1983-05-14 4 Pan Am To Hongkong Daily At 7.20 am The First Flight Out The First Flight In an Am.\c)u C an t Beat the Experience.24 words
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Page 5 Advertisements
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Advertisement343 1983-05-14 5 TIMES INTER-BUSINESS HOUSES ATHLETICS MEET National Stadium Saturday, October 8,1983 Events MEN WOMEN 100 m 1,500 m 200 m 3,000 m 400 m <FOR WOMEN ONLY > 5,000 m oUUm (FOR MEN ONLY) Shot Putt Discus Veterans Special Events 4 x 100 m Tug-of-War (Men) 100 m Tug-ot-War (Women) 1,500343 words
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Article500 1983-05-14 6 THERE ARE two kinds of fidelity, that of dogs and that of cats, Napoleon told some of his officers who had gathered at Elba to welcome him back from banishment and to assure him of their fidelity. "You, gentlemen, have the fidelity of cats, who never leave500 words
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Article, Illustration1922 1983-05-14 6 CENSORSHIP IN THE UNITED STATES The sins of some bring joys to others, and freedom to some raises fear in others, reports HEATHER DEWAR in the first of two articles on US censorship. The second part will be published next Saturday. NYT FROM Miami to the Pacific north-westNYT - 1,922 words
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Page 6 Advertisements
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Advertisement159 1983-05-14 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space for you You'll be reaching a very select group of159 words
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Page 6 Miscellaneous
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Miscellaneous21 1983-05-14 6 Graves, By Pat Brady \Y >.i WW !»■<>== k't -J ft V* rz xvv l IL liriStcW:FWc DirJ^s rCPYT vcg PuapiSe. j-^21 words
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Miscellaneous787 1983-05-14 6 r m SINGAPORE 5 1.00 PM Operant fdowed by Sesame Street 2.00 Shazam Captain Marvel is confronted by a 15.2 m tall Dr Sivana when he tries to rescue Mary and Uncle Dudley. 2.25 Saturday Matinee The Wld Wld West Revisited 4.05 ABC Wide World of Sports: Finals of the787 words
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Article, Illustration1830 1983-05-14 7 In the second of a two-part series on robots and their future, WILLIAM BROAD relates his adventures with Hero, a mechanical man he built from scratch, and what he learnt about the strengths and limitations of androids after three weeks of experiments. The first part wasNYT - 1,830 words
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Article954 1983-05-14 7 VERNON SCOTT - By VERNON SCOTT UPI GANDHI, the film saga that won eight Oscars, has inspired an Academy Award backlash like no other in movie history. The academy has been accused of naivete for accepting Richard Attenborough's US$2l million, Indian-financed picture as historical fact. Gandhi, which won the awardUPI - 954 words
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Article, Illustration750 1983-05-14 7 EDUARDO LACSON - By EDUARDO LACSON AFP EAST meets West or badly wants to every day in Manila newspapers packed with advertisements promising a new life to Filipinas eager to live abroad with a foreign mate. Marriage brokers call it a public service; critics brand it a fleshAFP - 750 words
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Article600 1983-05-14 7 THE Singapore Cricket Club must be in poor financial shape. A notice on a special general meeting to discuss raising membership subscriptions was sent to members. The paper was printed on both sides the date of the meeting took one side and the amendments were listed600 words
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Page 7 Miscellaneous
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Miscellaneous761 1983-05-14 7 I -11-OK CBOSSWOBD J CRYPTIC PUZZLE ACROSS 9 What the illiterate butcher didn't recognise? (5-4) 10 While one. outwardly angry, thought calmly (8) 12 Influence one to take the southern route (4) 13 Make over, by way o( a token 14 Take out, then put back, "car" in the amended761 words
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Page 8 Advertisements
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Advertisement223 1983-05-14 8 Where to wine, dine and entertain 818 with the American Express Card yo" <*>"'» already have the Card, call *****33 for an application form" Singap° r c sstjawKs"-' prepared l"* 1 $12* pc P? IO 10 1 y Crop'S M/;/7 w wr <*& X J Baton's Table Sunday Brunch... you'll223 words
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Advertisement184 1983-05-14 8 m-m iliu JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. )prri tiij;/ 1 j >j, >, >' '> >V) f> >n 111 Vf I n or reservations call 7H7')(,77 A W «*iit«ir\ I '<• irk Slhtjiloi i Sii i^jq >< ir«■ -H ->r k "T^ijsttafel On Saturdays184 words
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Advertisement178 1983-05-14 8 *<rv 7 o w Vk 2\M Singapore's latest to good food and cosy surroundings. Special servings are set tor breakfasts, luncheons, dinners and late night snacks a wide selection of Oriental and Western fare. Cafe Vanaa your haven 24 hours a day Paramount Hotel Marine Parade Road. Singapore 1544 TW:178 words
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Advertisement299 1983-05-14 8 Great live entertainment at the Top of the Hilton nightly at 1030pm. 9th-Wh Cover Charge: Diners at the Inn of Happiness $20.00 per person. Non-diners $37.50 per person (inclusive of one cocktail). Reservations: Tel. 737-2233 ext. 2500. A 10% Serine Charge and J% Goirrnrnent Tax u'ill be added to all299 words
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Advertisement231 1983-05-14 8 m A --»f —*»**j f> «*Mnn L Utoar you with kiummnml music while you <ip over a cool dnnk. 20% dwcoum on «fl drinks during happy Sours (spm 7pm daily) Business hours: 11.00 am to .00am on weekdays, up to 2.00 am on weekends For information 4 reservations, please call231 words
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RAW MATERIALS
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Article174 1983-05-14 9 CHINESE Predate Exchange, Singapore, mm rMig price* per 1M kg yesterday. Caeaaat «U: Bulk fob $112.00 sellers, old drum (In second hand drum) fob $125.00 sellers, new drum fob $129.00 sellers. Capra: Mixed (loose) $64 buyers. Pepper: Muntok white pepper fob Asta NLW $350.00 sellers, Sarawak white pepper174 words
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Article197 1983-05-14 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattea yara: China Blue Phoenix 20s 2,495 32s 3,210, 40s 3,300 (per bale of 400 lbs). Piece gisds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamb 6 unq; Flower and197 words
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Article326 1983-05-14 9 SINGAPORE: Yesterday's closing prices in S3 per kilo, 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. THAI326 words
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Article86 1983-05-14 9 THE Malaysian Minister of Finance has fixed these rates for the period from May 12 until further notice: Rabber: 243 J cents a kilo for RSS One: Cepra: MW50.00 a tonne; Palm kerael: $965.75 a tonne; White pepper: $3,420.52 a tonne; Black pepper: $2,605.51 a tonne; The86 words
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Article1076 1983-05-14 9 COFFEE: Coffee futures at midday were £1 to £26 a tonne above Thursday's close. Nearbys recorded the biggest gains with July ending the morning at £1,654 last traded compared with £1,629 at the close on Thursday. Total volume was 844 lots traded including 79 cross trades and six1,076 words
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Article122 1983-05-14 9 THE Malaysian crude palm oil market eased slightly on lack of buying support in quiet trading, dealers said. In the May position, central region fell Ms 2 to 1850 a tonne while south was traded unchanged at $855. The refined market also ruled quiet, with May RBD palm122 words
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ASIAN STOCKS
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Article537 1983-05-14 9 HONGKONG STOCKS yesterday eased on late liquidation of positions, reflecting uncertainties over local interest rates ahead of the weekly meeting of the Hongkong Association of Banks. Brokers noted the Hongkong dollar had fallen to 6.9220/70 to the US dollar in late trading from the previous 6.9110/40. Trafalgar537 words
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Article376 1983-05-14 9 SHARE prices yesterday closed lower after fluctuating narrowly in moderate trading, with oils and some front-runners losing ground on profit-taking and liquidations. The stock market average lost a provisional 24.39 points to close at 8,629.51 on volume of 430 million shares. The Tokyo Stock Exchange index376 words
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Article282 1983-05-14 9 MAT M C«nU INDUSTRIALS An 143 1 A N I 285 -3 «py as 7 Aberfoyle 730 unch aJLoc Oil m 90 -1 .5 Allied Mill l|7 2 AmpoJ Exp as .3 Am pot Pit tat unch Am 430 Afhion 163 -5 Ajaoc Pulp B »fp MS -14 Beach282 words
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Article166 1983-05-14 9 SHARE prices yesterday closed lower in inactive trading at the Securities Exchange of Thailand. The Book Club index fell 0.30 to 119.47 on turnover of 37.0 million baht. MAY U Bahts Aokhain That A*la Fibre i» -i AniUitfi ln» And Trust Banrkok Bank Bank Of Ayudhajra to unch Ltd166 words
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Article137 1983-05-14 9 SHARE prices yesterday closed mixed on turnover of 5.71 million pesos compared with 4.97 million on Thursday. MAY 13 Pesot Acoje Mlnlnf Anglo Phil I 0 004 unch Apex Mining 0014 -0001 AUaa Con B. JU0 -05 Ba«ulo Oold ***** 0.0009 Basic Petroleum 0.01 unch Benfuet Con B M137 words
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Article272 1983-05-14 9 RUBBER prices in Singapore yesterday dosed slightly lower with June One RSS buyers quoted at 224.50 cents a kilo, down 3.50 cents from Thursday's close. Morning prices were marked down slightly on speculative selling and stale bull releases after a lower opening, dealers said. Afternoon prices gained some ground272 words
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Article318 1983-05-14 9 HAS prices In nnti per kilo yesterday: u— Riivw (per kilo) (per kilo) 1st. 1 R.S.S. prompt f.o.b. 221.00 lat. 1 R.S S June 224.50 Int. 1 R-SS July 225.50 lat. 2 R.S.S 212.50 UK/Coot 211.50 Ial. 3 R-S-S 208.50 UK Coot 207.50 lat 4 R.S.S. 1S8.50 UK/Coat. 197.30318 words
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Article58 1983-05-14 9 NOON BSR aad SMR pno ymm4mr Jm Jab iS5EsJ5£i 2£?£££ «U>£ **<*>* **•*> 210.00N SSRSO (l-laa paJkt) *»00 SOMON 104 00 »8 00 N MSSLS (H—P-fcU niM 2U.SON ttUC 294 SON ItSi *****I 1100 iOON »MON gy jisgg gs jss 35 3 I""***' J* 00 »100 235.00N58 words
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Article32 1983-05-14 9 Rubber. May 13 Singapore: June: 224.50 cents (down 3.60 cents) Malaysia: June: 243.00 cents (down 3.50 cents) Tin: M 530.71 per kilo (down 20 cents) 225 tonnes (up 55 tonnes)32 words
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Article68 1983-05-14 9 THE STRAITS TIN price In Penang yesterday fell M cents to Ms3i.7l a kilo, but still held within the ITA "may bay* 9 range of $£9.15 and 132.M. Dealers said the fall reflected peor demand pins the higher level of ore disposals, 225 tonnes against 171 on Thursday.68 words
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345 1983-05-14 9 ERRATIC price movements were experienced as the market lost eight cents initially only to recover fully again, says Holiday, Caller and Bath in its rubber review for the week ended May 12. Apart from being affected by confusing conditions, trading was somewhat restrained by uncertainty345 words
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Article156 1983-05-14 9 SOYBEAN futures in Chicago on Thursday closed 3>/« to V« US-cent firmer, mwt the spot May month traded in a 6V« cent range. Professional purchases of both old and new crop months helped prices recover from early losses that were incurred as a result of speculative sales and weakness156 words
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Article113 1983-05-14 9 WHEAT futures in Chicago on Thursday closed UScent a bushel easier to one cent firmer, and the spot May month traded in a 4V« cent range. Prices were pressured throughout the day by weakness in corn values, although activity was generally light. Professional and commission house purchases gave underlying113 words
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Page 9 Advertisements
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Advertisement337 1983-05-14 9 a *ion, rY' dri power ,n s,f igapor e Southeast /\sia H'!k monetary !aA d» ECO f V Education, Manpower Development in Singapore by Pang Eng Fong Economic restructuring in Singapore since 1979 has quickened interest in productivity and manpower issues. This book, a collection of papers written between 1970337 words
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2742 1983-05-14 10 BID aad offer prices officially listed aad hi nine as ia aad reported to the Stock Exchange of Singapore yes•«day with the number at shares traded shown in brackets ia lots of 1 000 units unless otherwise specified All Times Settlement Contracts2,742 words
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Article191 1983-05-14 10 NNGAFOU UNVriMOT diamond mot vroa ut Tlie Commerce '"VML (Maangsen' prisss tm r a MAM) May The Savings Fund 2 09 113 Diamond S pore Pro* Fund UB l.M Spore Fd (U3I) 0.55 0J| S pore Sec. Fund 2.37 2.52 SI 1-14 123 S pore Invest Fuad 1.23191 words
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Article3425 1983-05-14 10 IMS Hick Low fwi|MT li Or*! DW DW Cn Or*s Nat YTd P/E Vol D. y (•000) Hlgk Low SECTION ONE INDUSTRIAL ft COMMERCIAL 280 236 Acma 283 148 Alcom 286 148 Allied Choc 306 1S4* BAT 23* 380 356 Bata 119 82* Ben 40* 272 2293,425 words
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Article2036 1983-05-14 10 BID aad otter prtem officially Hated' aad buteaaea to aad reported to the Kuala Uf Stock Eacfcaage ymterday, with tot nwtir of aharae traded above to brackets to tola at 1.000 oatte ualeae adteratar padded. INDURIUU ETS.}m\m> 306 (O) J 08 (2) 110 A Ckee (17XS) AMD2,036 words
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Article746 1983-05-14 10 A HANDFUL tt eaaaten •ccaptod eeatre eeart at the Stack Frrhaagt d Slagapwc yeaterday while umat •hare prleea geaerally aaoved withia aarraa Omito. at the far apart" aid activity was relatively faiet >e fcala pat It: "laveatofa seemed to he adaptlag a 'wait-aad see* attltade, a B746 words
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Article562 1983-05-14 10 > STRONG buying support was seen in selected quality stocks at the Kuala Lumpur stock market yesterday. Market observers said that investors, particularly big Institutions, chased after these counters, following growing belief that the world economic recovery is imminent. Their conviction was further enhanced by562 words
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COMPANY NEWS
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428 1983-05-14 11 IN SPITE of a slower growth in profits for the year ended Dec 31, 1962, Industrial and Commercial Bank has achieved a creditable increase in shareholders' funds and deposits. The group's shareholders' funds rose by 15.9 per cent to $125.4 million while deposits428 words
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457 1983-05-14 11 Market Talk... LOCAL stock broking firm Alfa-Pacific Securities has strongly recommended seven counters for immediate purchase. In its latest investment bulletin dated May 4, the Arm singled out Industrial Commercial Bank, Weanes, Keppei, Premet, C»naaßdnt ed Piaatatfeas, Kaala Lampar Kepwg and Malayaa United Industries as457 words
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Article1094 1983-05-14 11 NEW YORK STOCK prices closed lower on Thursday and trading slowed to its lowest level in a month as investors moved to the sidelines ahead of the money supply figures due out yesterday. The Dow Jones Industrial Average fell more than 10 points during the session but1,094 words
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Article478 1983-05-14 11 SIGMA Metal Co Ltd, which had 1962 as the best year in its 10-year history as a publicly-listed company, will be actively seeking opportunities for further diversification. This, according to chairman Sun Fa Min, is aimed at cushioning the company's over-reliance on the local construction478 words
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212 1983-05-14 11 Reuter THE Leadaa Sleek Exefcuge Is "newed aader" with wtrk la pnpmttM for Restrictive Practices Caart keartagi dae aext Juury. CtalraM NlcMm Gm4>- tfce nehuge is rekat the*OOlM iB M pfti? Tr»lli|'i eemplalats against its rale keek aad rtmgk capacity krsker/JskMag system. Sakmlsslsas frem wit*Reuter - 212 words
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Article214 1983-05-14 11 FABER Merlin Malaysia Bhd has announced an 88.1 per cent subscription level for its loan stock issue of 26.36 million 8.75 per cent convertible unsecured loan stock units of MJI each at par. Stockholders took up 23.21 million units by the time applications closed on214 words
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Article1026 1983-05-14 11 Carnal Ex BMfei Date Pmkto Jul 15 Mai tm tteal 8ir 7*%""' i Date Jim If One Jua 23 Sfr* 21.7% 5% May 29 Jua 2 Jua 24 10% 30% May 5 May 17 May 31 20% 14J%< a) AIcmb AT 2*% May May IS Jua 19 9%1,026 words
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499 1983-05-14 11 PAHANG Consolidated has disclosed plans to convert its Hotel Macalist in Penang into an office block to improve earnings. Pahang Con's chairman Tan Sri General Ungku Nazaruddin bin Ungku Mohammed says in his latest annual statement that plans are being finalised and499 words
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Article77 1983-05-14 11 INTBACO limited: Fourteenth AGM to be held at 11 Keppel Road #05-01, Keppel House, Singapore 0209 on May 14 at noon to be followed by EGM. GULA Perak Berhad: EOGM to be held at 4th Floor, Oriental Building, 32, Jalan Tun Perak, Kuala Lumpur, on Saturday, May 1477 words
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Page 11 Advertisements
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Advertisement42 1983-05-14 11 NOTICE JUMBO LINE PTY LTD NOTICE IS HEREBY GIVEN THAT W.E.F. lOTH MAY 1983 WE HAVE NO AUTHORITY TO INCUR ANY FURTHER CREDIT OR MAKE ANY PAYMENTS AS AGENTS FOR OR ON BEHALF OF JUMBO LINE PTY SYDNEY AUSTRALIA LEOSHIPPW6 PTE LTD42 words
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Advertisement156 1983-05-14 11 When the Russians want review copies of the latest NATO missile system, Frank Barry's the man to deliver them. His ideology is money and his track record is the best. To stop him is going to be one shade harder than impossible. The only man who can do it is156 words
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Chief Price Changes
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Article176 1983-05-14 12 Rises Johan Hides 596 >183 JoktD Hldgi A 555 165 Ulu Benut 930 110 C Sugars 1370 100 H Negara 500 90 Jacks !nt 720 85 Public Bank 970 55 Shell 930 50 Keck Seng 575 45 Sanyo 420 42 Tan Chong 000 35 Oriental HMgs 560 35 Tong176 words
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Article, Illustration182 1983-05-14 12 Rises Kluang 1200 +200 Johan Hldg 655 Johan 'A' 605 195 171 C Sugars 1500 110 Jacks Int'l 790 75 P Bank 1070 70 U Benut 1010 60 Keck Seng 640 55 Sanyo 500 50 P M Hldg 600 50 Tan Chong 745 50 NST 1280 50 Perlis182 words
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Article51 1983-05-14 12 H.K.HANG SENG Friday..... 049.56 Thursday 852.96 Week Ago 986.71 AUSTRALIAN INDUSTRIALS Friday 704 5 Thursday TB7.0 Week Ago.. 743.1 ALL ORDINARIES Friday 614.3 Thursday 619.4 Week Ago 588.5 FINANCIAL TIMES INDUSTRIALS Thursday 068.6 Wednesday 872.6 Week Ago 605.0 DOW JONES AVERAGE INDUSTRIALS Thursday 1214.40 Wednesday 1219.72 Week Ago51 words
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Article892 1983-05-14 12 THE STOCK market closed mixed after a quiet session yesterday, dealers said. At 3pm, the Financial Times index was down 0.9 points at 667.7. Government bonds fell as much as V* point while among mixed equities, the insurance sector weakened in reaction to some speculative selling in a892 words
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500 1983-05-14 12 ALAN LEE - muni in Companies Editor: Mano Sabnani By ALAN LEE THE Malaysian Capital Issues Committee (CIC) has rejected MBF Holdings' proposed acquisition of Teik Sing Development Sdn Bhd, a property development company, for MJ4.35 million. No reason was given and MBF did500 words
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214 1983-05-14 12 Reuter NOTHING in the inspection of the affairs of the Carrian group by Hongkong Securities Commission inspectors prevents the resumption of trading in shares of group companies on the British colony's stock exchanges, the commission said in a statement yesterday. The commission announced on AprilReuter - 214 words
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326 1983-05-14 12 THE Kuala Lumpur Stock Exchange has queried Premium Holdings over a report that it has obtained official approval for its proposed merger with Landmarks Corporation Bhd. Premium first announced the proposed acquisition of Landmarks seven months ago. The latter owns the Kuala Lumpur Regent326 words
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797 1983-05-14 12 NAJEEB JARHOM - By NAJEEB JARHOM STRAITS Trading Co Ltd, one of the richest listed companies with $185 million cash and deposits at end-1962, increased its investments in quoted shares by $48 million to $114 million during the year compared with an increase of $5797 words
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Article303 1983-05-14 12 ISLAND and Peninsular Development Bhd has announced that the last day and time for splitting of its proposed rights issue is July 4 at 3pm. The last day and time for acceptance, renunciation and excess share application and payment, is July 26 also at 3pm. SHAREHOLDERS of Killin303 words
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426 1983-05-14 12 LIM Kheng Kim Holdings (LKKH), which is making a general offer for the rest of Chocolate Products (M)'s shares, will pursue an aggressive expansion policy to develop further the latter's activities in the food-related industry. The company will also embark on a diversification426 words
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Page 12 Advertisements
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Advertisement455 1983-05-14 12 The Ine "I'm a little embarrassed I haven't been using this all along,'* said the Chairman of the Board of the Fortune 500 company. "It's the most concise and simplest condensation about how to be a supervisor I have ever seen," claimed the Chief of Police of Walnut Creek, California.455 words
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Page 12 Miscellaneous
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Miscellaneous62 1983-05-14 12 OUTLOOK for today: Fair; showers in several areas in the late morning and early afternoon. Report for 24 hours prior to 7JI pm on May IS at the airport: Maximum temperature 32.4 Associated humidity 69 Minimum temperature 27.1 Associated humidity 91 Hours of sunshine 5.30 Rainfall in millimetres Nil Total62 words
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