The Business Times, 11 June 1983
1983-06-11
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The Business Times
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Title Section10 1983-06-11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JUNE 11,1183 60 CENTS10 words
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409 1983-06-11 1 Reuter UPI BRITISH Prime Minister Margaret Thatcher swept back to office in a landslide election yesterday with a'mandate to press on with her drive against socialism. Mrs Thatcher, buoyed by the biggest British election win in 38 years, pledged she wouldReuter; UPI - 409 words
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181 1983-06-11 1 UPI SOSUKE Uno has been ap- i pointed Japan's Minister t for International Trade I and Industry, replacing Sadanori Yamanaka, who resigned because of ill health. Mr Uno, 60, a former defence minister, took over the post yesterday following a formal ceremony at the ImperialUPI - 181 words
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475 1983-06-11 1 LIM SOON NEO - By LIM SOON NEO SINGAPORE more than doubled its exports to Indonesia last year, resulting in a sharp improvement in its trade deficit with that country. Figures supplied by the Indonesian Centra] Bureau of Statistics show that exports to Indonesia rose by 127 per cent475 words
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Article, Illustration474 1983-06-11 1 WANG LOOK KEAH - By WANG LOOK KEAH WILSON Yong, 30, a school dropout who has been in love with airplanes since he was five, is realising his dream to build an aircraft in Singapore. He has obtained a licence from a Swedish474 words
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BRIEFLY...
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Article46 1983-06-11 1 Bernama THE Malaysian Finance Minister has told commercial banks that he would like to see a lowering of interest rates in the next six months. Tengku Razaleigh Hamzah's remarks were made yesterday at a pre-budget meeting with bankers at his ministry. BernamaBernama - 46 words
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Article64 1983-06-11 1 Reuter INDIA, badly in need of foreign cash to keep its economy afloat, will seek further low-interest aid at a meeting of the world's rich countries in Paris next week. The government said it was dismayed at the progressive decline in the size of credits on easy termsReuter - 64 words
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Article62 1983-06-11 1 Reuter THE American Agriculture Department is planning a crackdown on pesticide residues in meat imports that could involve a ban on products from 25 countries. The Food Safety and Inspection Service told a house agriculture subcommittee hearing that the department plans to require all 47 countries exporting meatReuter - 62 words
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Article52 1983-06-11 1 AFP FRENCH Renault and its partner American Motors Corporation have acquired full control of the Mexican Renault and Vam companies by taking over the state's shares. This is the first de-nationalisa-tion in Mexico for more than 40 years, and is generally seen as reflecting Mexico's need for foreignAFP - 52 words
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Article56 1983-06-11 1 UPI A SENIOR Israeli minister has warned that Ariel Sharon will be dropped from the government at once if he demands a commission of inquiry into the government's conduct of the war in Lebanon. The Ma'ariv and Ha'aretz newspapers said a rift between Sharon and his former mentorUPI - 56 words
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Article69 1983-06-11 1 Reuter THE two major foreign oil companies operating in Malaysia have asked the government to review the role of state-owned oil agency Petronas both as a regulatory body and a competitor in the industry. Shell Malaysia Ltd and Esso Production Malaysia Inc, which have a production-sharing agreement withReuter - 69 words
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Article42 1983-06-11 1 AP VIETNAM has accused China of sending commandos into its territory to kidnap and assassinate Vietnamese soldiers and government workers last month. The Vietnam News Agency said the clandestine operations took place along its tense northern border with China. APAP - 42 words
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Article46 1983-06-11 1 AN estimated two million Italian metalworkers walked off the job yesterday in a massive protest against a deadlock in negotiations for new contracts. The strike was called by trade unions to dramatise their demand for a final agreement with employers after year-long negotiations.46 words
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Article45 1983-06-11 1 THE New York stock market headed higher yesterday morning, continuing the upswing that began late on Thursday. The Dow Jones Average of 30 Industrials climbed 6.01 points to 1,195.01 in the first half hour. Gainers led losers by nearly two to one.45 words
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410 1983-06-11 1 THE PKTIIIN»! Mass RapM Traastt Aathartty is paylag all Ike reeetttemeat r«>ts irUsg (no Its tmfr neertag irerk la Tee Payek Nerth. It will be Mag taaaeUtag mrk la Taa Payeh sa the NwtMNtk MKT Liae aai this reealrea410 words
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393 1983-06-11 1 LOH HUI YIN - By LOH HUI YIN THE start-up date for Singapore's $2 billion petrochemical complex, tentatively set for September, may be pushed back again as some important issues have not been resolved yet. The question of financing to cover expected initial losses when the project begins393 words
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293 1983-06-11 1 UPI THE WORLD banking system is not expected to collapse under the weight of international debt but the rescue package devised to help debtor countries through the crisis will hurt exports of industrialised countries. "The new loans debtor countries have received from banks are tooUPI - 293 words
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Page 1 Advertisements
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Advertisement245 1983-06-11 1 BOOKS FOR Times IEMDa THE White House has been sounding out Republican conservatives on their likely reaction should President Reagan decide to reappoint Paul Volcker as head of the Federal Reserve Page 2 PRICES of many imported goods in Singapore remain high and the benefits of a strong currency do245 words
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Advertisement64 1983-06-11 1 yftcicg/iefoz imioX A club designed for the golfer smart enough to know the most important thing isn't just how far but how straight you hit the ball. The Golf Specialists PAINJ-WEST (PTE) LTD. «03-28 Pla/a Sinqapura. 68. Orchard Road. Tel *****85 6 Telex RS 3467 PANWST »813 UIC Buildinq Shenton64 words
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Advertisement175 1983-06-11 1 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) V Wishful thinking? No! Wayfoong thinking You have enough to live comfortably by from day to day. But what about your dreams of the future a new car, a trip overseas, your children's education? A sum of175 words
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BANKING AND FINANCE
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725 1983-06-11 2 NYT THE WHITE House has been making political soundings among Republican conservatives on their likely reaction should President Reagan decide to reappoint Paul Volcker to head the Federal Reserve, an aide to the Senate leadership said on Thursday. The soundings, which have taken theNYT - 725 words
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315 1983-06-11 2 NYT CHEMICAL New York Corp, the sixth-largest banking company in the US, has named three presidents, one for each of its major sectors. Walter V Shipley, Chemical's president since January last year, said, "In banking it has not been done this way before, butNYT - 315 words
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191 1983-06-11 2 Reuter THE EUROPEAN Commission has decided to launch a US$l.5 billion loan issue on European capital markets as part of a major financing operation for the French government, monetary officials said. The officials said the loan was the largest floating rateReuter - 191 words
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437 1983-06-11 2 Reuter BRAZIL'S public spending cuts announced on Thursday should pave the way for renegotiation of the economic programme agreed with the International Monetary Fund (IMF) over the rest of the year, government officials said. The decisions to reduce subsidies on ruralReuter - 437 words
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246 1983-06-11 2 Reuter BUNDESBANK President Karl Otto Poefal said be sees do reason in the current situation for a change in West German credit policies. He told a seminar organised by the business weekly WlrtscbMttswocbe on Thursday that he wanted to restate his views asReuter - 246 words
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Article106 1983-06-11 2 Reuter THE 24 international banks with Offshore Banking Units in the Philippines posted combined resources of US$4.4B billion in the first quarter, down from $4.99 billion in final quarter 1982 but up from $4.41 billion in the same period last year. The central bank saidReuter - 106 words
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MONEY AND EXCHANGES
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Article22 1983-06-11 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.02 per cent.22 words
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Article189 1983-06-11 2 ASIAN ASIAN currency deposit Interbank rates as at close on June 10: 118 Dollar* Spoil Offer Bid 7 day* 9H 9W 1 month 99/16 97/16 2 months 9* 9h 3 months 9* 9H 6 months 10 9 T 9 months 10H 10~» 12 months 10 5/16 10 3/16 Das. 8w.Tr*.189 words
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Article44 1983-06-11 2 RANGE of price* otter ed by dlscount houwi i on June 10: OveTTUght Call drpoa Biriif Selliac 3-month Treasury bill* 2 9/16 27/16 3-month Bank bills 713/16 711/16 3 months CD 7 3/16 71/16 6 months CD 7* 7V* Source: National Discount Co44 words
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Article49 1983-06-11 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from June 13 to June 17: Offered: 1165,000,000 Applied fer: $234,570,000. Allotted: 1165,000,000. Accepted Mda: $99.34 approximately 46 per cent; higher bids in full. Average rale ef dlseeaat •a alletmat: 2.600 per cent per annum.49 words
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Article85 1983-06-11 2 THE dollar yesterday hit a 1983 high of 243.40 yen in nervous early trading but fell back to close slightly lower at 242.78 after a dull pre-weekend afternoon. It rose sharply on moderate commercial demand soon after opening at 243.06, compared with the 242.80/90 finish in New York and85 words
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Article505 1983-06-11 2 THE US dollar closed weaker against major currencies except sterling on the local foreign exchange market yesterday. Against the local currency, the US dollar opened at 552.1210/20 and came off to $2.1130/40 because of heavy overseas selling of US dollars. In the afternoon, the rate continued to slide505 words
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Article197 1983-06-11 2 STERLING yesterday stabilised at U551.5775/85 in late trading against an early low of $1.5750/80, but well below New York's close of $1.5920/ 30. The UK election victory for the ruling Conservative party with an overall majority had been discounted in Hongkong. Active profit-taking took place after sterling opened at197 words
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Article320 1983-06-11 2 GOLD FUTURES in Singapore yesterday closed generally firmer on weekend short-covering and fresh buying interest in moderate trading. News of the Conservative party's victory in the British genreral election had no impact on gold prices. Total sales for the day was recorded at 216 lots while kerb volume at320 words
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Article35 1983-06-11 2 New York 1165B 11.10B U.72S U.17S Zurich 11 32B 1110B 11.42S 11.20S Fri Than Singapore ***** 11 18B I1.75S I1.28S Closing prices in US dollars a troy ouno t. Source: Credit Suisse, S'pore35 words
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Article18 1983-06-11 2 STERLING yesterday opened at US$1.5805 15, above a low of around 1.5750 set in the Far East18 words
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Page 2 Advertisements
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Advertisement277 1983-06-11 2 ALEXANDER HAMILTON INSTITUTE (USA) proudly announces another Top Soiling Management Manual P*s •V gm CONTENTS What is negotiation? The process of bargaining and problem-solving How to plan your negotiations Critical oral negotiation behaviours The tricks of the trade Methods to counteract negotiating tactics A key negotiating resource-personal style Assessing the277 words
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TRADE AND INDUSTRY
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633 1983-06-11 3 KOH TBE YING in Stockholm - By KOH TBE YING in Stockholm ALFA Laval, the world's largest supplier of oil separation and fuel treatment equipment, expects increasing demand for separation equipment, especially in the marine industry. The company, which controls about 62 per cent of the world market633 words
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291 1983-06-11 3 ONE of the three brokers involved in the international tea auctions held at the Singapore auction centre has closed shop because of high operating costs. In addition, a very important buyer is withdrawing from the auctions. These developments may affect the growth291 words
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308 1983-06-11 3 MONICA GWEE - By MONICA GWEE THE Wacky Wallwalker. a sticky, eight-legged "thing" that creeps on walls and windows, has wriggled its way into Singapore. Ten million of these rubber creepies have been sold in the United States since December. Retailing between US$l.69 and US$2.5O each, they have308 words
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Article132 1983-06-11 3 TWO inventions on lightwave communications, in which pulses of light carry information through glass fibres, were patented recently for Bell Telephone Laboratories, Murray Hill, New Jersey. The inventions are expected to make light-wave communications more reliable and efficient in the future. The patent discloses a new type of132 words
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Article, Illustration215 1983-06-11 3 MANULIFE (Singapore) Pte Ltd has appointed Patrick Seet as director of administration. In his new role, Mr Seet will be responsible for all the administrative functions of the company. Mr Seet joined Manulife (Singaore) last August as administration manager and company secretary. Before this, he was in215 words
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616 1983-06-11 3 TSANG SAU YIN - By TSANG SAU YIN PRICES of many imported goods in Singapore remain high and the benefits of a strong currency do not appear to have been passed to local consumers. This general observation was made by Mr C W G Endacott, chairman of616 words
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552 1983-06-11 3 LEE HAN SHIH - By LEE HAN SHIH SINGAPOREANS gobbled up about $1-5 million worth of chicken rice at the Mandarin Hotel coffee house last year. And foreigners, mostly hotel guests, paid another $132,000 for their chicken rice or Chatterbox Hai Nan Ji Fan in 1982. In552 words
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Page 3 Advertisements
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Advertisement49 1983-06-11 3 V*'.. V l V. AvV Hv "all r. \i TOMA? > \m¥? MLm v->* -> $i p I *5 X s -5^ <* plif r .3 E 1 *> V-. vW ff\ 4., &i >~1; v€RS&mn£k&* f i.. r." -•»>»?*"*<> ij&it, «-»h*r' i .n 1.. ■jHUJ... W XxlU-U-v »>SS» -V49 words
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OVERSEAS
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442 1983-06-11 4 Reuter JAPANESE and US officials yesterday welcomed the election victory of British Prime Minister Margaret Thatcher as sterling «wed on earreney markets after its late sarge in New York. Japanese Prime Minister Yasuhire Nakasoae was the first leader to comment on the Conservative Party'sReuter - 442 words
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WORLD IN BRIEF
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Article395 1983-06-11 4 Agencies FRENCH police unions have called for fresh street demonstrations in defiance of a warning from President Francois Mitterrand that he would regard their protests as seditious. The unions said 6,000 police would march in Paris on Thursday in protest against the Socialist government's policies on crime andAgencies - 395 words
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1052 1983-06-11 4 Reuter THE landslide re-election of the Conservatives swamps socialism at home, keeps Britain in Europe and bolsters the Western defence alliance. Prime Minister Margaret Thatcher promises five more years of rightwing government, strong personal leadership, enhanced influence in international affairs and determination to arrestReuter - 1,052 words
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408 1983-06-11 4 Reuter WITH new US missiles almost certain to be based in Europe in six months, the Nato alliance has called on Moscow to chart a new course on arms control. Foreign ministers of the 16-nation Western grouping warned Kremlin leaders that USReuter - 408 words
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Article165 1983-06-11 4 Reuter A SOVIET demographic expert has said that the state should pay couples to produce children and warned that this is the only way to reverse a dangerous decline in the birth rate. In an unusually blunt article on the subject, Viktor Pyerevedentsev said itReuter - 165 words
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173 1983-06-11 4 AP THE US International Trade Commission has voted to investigate charges that colour television imports from Taiwan and South Korea are being dumped in the US and harming US producers. By a unanimous 3-0 decision, the ITC found there was "reasonable cause" to look intoAP - 173 words
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177 1983-06-11 4 Reuter THE Italian government has accepted a plan costing US$l65 million in state aid to save the country's television manufacturing industry from collapse, Ministry of Industry officials said. The disclosure came on Thursday after a meeting of an interministerial committee for economic policy. GivingReuter - 177 words
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265 1983-06-11 4 Reuter A PRIVATE Japanese economic institute said it has called on the government to increase indirect taxes and cut direct taxes, to help revitalise the country's economy. The Japan Taxation Study Association said it has submitted a report to the Finance MinistryReuter - 265 words
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Article179 1983-06-11 4 UPI IN A step towards possible cloning of valuable livestock, a team of US scientists has reported the births of normal mice produced by the transfer of nuclei from one fertilised egg to another. Dr Davor Solter and Dr James McGrath of the Wistar Institute inUPI - 179 words
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217 1983-06-11 4 AP AFTER a decade when concern over good food was scorned as "bourgeois," the Chinese government is reviving interest in traditional dishes. The Communist Party newspaper People's Daily said "some people bold that these dishes had been enjoyed by only a small minority inAP - 217 words
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523 1983-06-11 4 Reuter RECRIMINATIONS over the opposition Labour Party's drubbing at the hands of Prime Minister Margaret Thatcher's Conservatives began even before the result of the British general election was declared early yesterday. Deputy leader Denis Healey, who dominated the party's campaign but sometimesReuter - 523 words
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226 1983-06-11 4 AP WEST German Chancellor Helmut Kohl, in stark contrast to President Francois Mitterrand of France, told Parliament on Thursday that "the economic summit of Williamsburg has given cooperation between Western industrial nations new impulses." Mr Mitterrand had announced in a nationwide state television interviewAP - 226 words
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Article748 1983-06-11 4 ARRIVALS Service Local Operator Number Tine From SIA SQ1I 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JFKORDANC/ NRT/TPE/KUL CAL CI331 0150 TPE MAS MH601 0820 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQI03 0945 KUL MAS MH603 1020 KUL CPA CX710 1035748 words
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297 1983-06-11 5 UPI INVESTMENT by American business in plants and equipment has started to rebound from the recession, but will still be 3.1 per cent less this year than in 1962, the Commerce Department reported. The department's secondquarter report showed a slightly brighter economic picture thanUPI - 297 words
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570 1983-06-11 5 Reuter US ECONOMISTS say a steady rise in consumer confidence since the beginning of the year may be the forerunner to a stronger than expected recovery, but some worry that an upturn in interest rates could restrict growth. "The key to the earlyReuter - 570 words
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Article1052 1983-06-11 5 Veeeel KEPPEL WHARVES Elyslan Star Equator III Jenhol Jozef Conrad Pravdlnsk Shu Yu Quan Boleslaw Rumlnskl YueOn Blue Polaris Great Mount Jenson Larch Luculent Mano No 3 Ned Auckland Ned Honshu Seng Hong Sltl Mldah Sri Nam Hua III Summer Star PA8IR PANJANG Berth 26/7 21E 221,052 words
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Article140 1983-06-11 5 UPI THE ailing US steel industry laid off more blue-collar workers last week but called back some white-collar employees, the American Iron and Steel Institute said. The number of idled bluecollar workers climbed to 107,330 in the week ending June 4 from 107,047 the weekUPI - 140 words
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553 1983-06-11 5 NYT THE young president of a successful new computer company died in a fiery car crash in California's Silicon Valley, just hours after his company had sold its stock to the public for the first time and he had become a multi-millionaire. Dennis RBarnhart,NYT - 553 words
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291 1983-06-11 5 Reuter THE Soviet Union, faced with a strong need for hard cash, has sharply stepped up exports of oil to Western Europe during the early months of this year, a specialist shipping magazine reported. The monthly Lloyds Shipping Economist said tanker shipments fromReuter - 291 words
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301 1983-06-11 5 Reuter DISGRUNTLED diplomats from France's traditionally conservative foreign service have brought into the open a battle with their Socialist government over political appointments and budget constraints. In a long anonymous letter published in the influential newspaper be Monde, a group of diplomats deprived of postingsReuter - 301 words
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237 1983-06-11 5 Reuter .GLOBAL recession will only be ended by a return to the open world trading system which existed up to three years ago. World Bank president Alden Clausen said. Addressing delegates at the sixth UN Conference on Trade and Development (Unctad) in Belgrade onReuter - 237 words
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Page 4 Advertisements
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Advertisement168 1983-06-11 4 Cold Storage Holdings P. LC. PROPOSED BONUS ISSUE Approval from the Stock Exchange of Singapore Ltd and The Kuala Lumpur Stock Exchange Further to the announcement on 19th April 1983 the Directors are pleased to announce that the relevant authorities in Singapore and Malaysia have approved in principle the proposed168 words
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Advertisement19 1983-06-11 4 Pan Am Daily To Hong Kong Cabin Class At Ordinary Airline Prices. Pan Am.You Can t Beat The Experience.19 words
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Page 5 Advertisements
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Advertisement410 1983-06-11 5 x< A TIMES INTER-BUSINESS HOUSES ATHLETICS MEET '83 Saturday, October 8,1983 National Stadium 7 p.m. For the Champion Business House A Nissan Cabstar plus The Times Organisation and Tan Chong Challenge Trophy f 5 And you need not be a champion to win prizes For all participants a lucky draw410 words
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Article444 1983-06-11 6 MUFFIN-MAN Chris Coughlin was right. Britons' preference for blue rather than red, yellow or green-tinted muffins pointed to a Conservative victory in the general elections. In the past weeks, 47.1 per cent of all muffins sold by Chris were blue, the official colour of Margaret Thatcher's444 words
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Article674 1983-06-11 6 PETER GUMBEL - IN SEARCH OF RECEPTIVE EARS By PETER GUMBEL Reuter A SEEMINGLY innocuous circuit of five-course lunches at the city's best hotels, cocktail parties and receptions often hides a clear purpose among executives in Brussels a determination to sway the course of events. As theReuter - 674 words
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Article, Illustration771 1983-06-11 6 MARK SULLIVAN - By MARK SULLIVAN Reuter TRADERS on Chicago's Mercantile Exchange, tired of shouting for a living and suffering in silence, have decided to seek help. They are attending classes which teach them the right way to yell and are being treated by medical specialists for throat damage.Reuter - 771 words
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Page 6 Advertisements
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Advertisement159 1983-06-11 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It 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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Miscellaneous37 1983-06-11 6 +\&[%?\&)|_||">)\'</?,()!'^!$*\ u>«e's Gordon ooR mRsnERj cneF in r W»eS TO LOORKT OUT Pv CMgiSTroftSj I wtes Locxeo mmsei-F in u<s ojs&y" WCXC. U>»TH Pv 6csTYl£. OF COOK1N& I smcrhv GjjfevCß' SSTN ROB ST TOR Key. stuffs n^QTT (SH<37 words
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Miscellaneous766 1983-06-11 6 SINGAPORE 5 12.45 PM Opening folowed by Sesame Street (Children's educational programme) 1.45 .Shazam! Black Adam, Captain Marvel's evU counterpart, is planning a huge volcanic explosion, with which he hopes all of North America and the Marvels, too, will be destroyed. 2.10 Saturday Ma tree Dalas Cowboys Cheerleaders I: Faced766 words
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Article, Illustration1509 1983-06-11 7 ROBERT REINHOLD - Twenty years ago, a Soviet woman was hustled abroad a rocket to become the first woman in space. Her lack of training created problems and Moscow decided against space travel for women after that. Next week, a new milestone in spaceNYT - 1,509 words
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Article, Illustration1051 1983-06-11 7 MONICA GWEE, ALVIN CHOW - By MONICA GWEE, ALVIN CHOW HE HAD a hare-brained scheme to open a restaurant where people could express themselves rather than just eat. He also wanted to have a kind of giant living-room for music lovers. His experience: nil. His background: arty. In1,051 words
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451 1983-06-11 7 MONICA GWEE - By MONICA GWEE "YOU CAN'T beat the discos," friends told him. "But I hate discos," Dr Goh Poh Seng says. "You dance to four boxes (speakers). Rainbow is a reaction to discos." When the clouds of construction dust and sand blow away, Rainbow451 words
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Article, Illustration553 1983-06-11 7 MAGGIE PINAR - By MAGGIE PINAR AP MORE than 50 countries, including Greece, Turkey, Egypt and Mexico, are launching efforts to reclaim ancient treasures plundered by zealous Western collectors. "We must recognise the moral right of countries to recover their cultural heritage removed in a colonialist past," saidAP - 553 words
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Article298 1983-06-11 7 THE area around Singapore has been variously called the Asean region, South-east Asia, the Far East, Asia-Pacific etc or sometimes more vaguely described as the region, this part of the world or just "here". Texas Instruments, however, seems dissatisfied with such jaded terms. So when it298 words
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Page 7 Miscellaneous
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Miscellaneous741 1983-06-11 7 TWO-11-OHE CROSSWORD CBYPTIC PUZZLE ACROSS 9 Is It written on fly-paper? (3,6) 10 Due, then, to be trained in Dying (2,3,4) 12 Spoke about one being unhappy (4) 13 Spoil the boy, turning him into a little beast (6) 14 Reckoning it's a story (7) 15 Leaves subsequently and follows741 words
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Page 8 Advertisements
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Advertisement818 1983-06-11 8 Where to wine, dine and entertain By with the American Express Card m/mrnm "if you d on >t already have the Card, call *****33 for an application form Adifferent buffet everyday to whet your appetite. mm* t 4 0 io r ypr fri >dwx o>ie ytefri choice M&UI ■fahuv/af fun*818 words
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Advertisement212 1983-06-11 8 V r 151-^-2 V niar Yr>l rni■ iff aai lci owr j awno oanos em you with lensation«tl music yon sip over a cool drink. 20% discount on all drinks during happy hoars (5 pm 7pm daily) Business hours: 11.00 am to I.ooam cm weekdays, up to 2.00 am on212 words
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RAW MATERIALS
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Article175 1983-06-11 9 CHINESE Pradace Exckaage, Singapore, ■••n rlsslnc prices per 111 kg 1 yesterday. Cmmil *U: Bulk fob $120.00 sellers, old drum (in second hand drum) fob $133.00 sellers, new drum fob $137.00 sellers. Cspra: Mixed (loose) $70 buyers. Pepper: Muntok white pepper fob Asta NLW $367.50 sellers, Sarawak white175 words
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Article196 1983-06-11 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20s 2,510; 32s 3,250, 40s 3,390 (per bale of 400 lbs). Piece gMda: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article328 1983-06-11 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.72, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.62, Special 0.56.328 words
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Article135 1983-06-11 9 SOYBEAN futures in Chicago on Thursday closed on or near the highs, up 5Vj to 3'/i US-cents per bushel, with •July posting a five-cent range. Recoveries in European currencies, precious metals .and plus strong old crop corn values, provided background support all day. I- A wire house was the135 words
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Article167 1983-06-11 9 WHEAT futures in Chicago on Thursday closed barely steady, ranging from up 'A US-cent per bushel in July to off 7V« cents in thinly traded distant July. Expectations that farmers receiving PIK wheat will sell forward kept deferreds on the defensive from the opening. A leading exporter bought July167 words
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Article1086 1983-06-11 9 COFFEE: Robusta coffee futures yesterday were quietly steady at mid-morn-ing with most actively traded near September trading at £1,609, up £12 from Thursday's close but below its earlier high of £1,612. Dealers said the renewed steadier tone, following Thursday's decline on news that the International Coffee Organisation decided1,086 words
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Article301 1983-06-11 9 RUBBER PRICES in Singapore yesterday closed slightly higher with July One RSS buyers quoted at 230.50 cents per kilo, up 2.50 cents from Thursday's close. Morning prices were marked up slightly on specultive and trade buying after a lower opening. Afternoon prices eased slightly on some profit-taking but closed301 words
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Article351 1983-06-11 9 RAS prices In cent* per kUo yesterday: XlnM flnas (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b 2X00 227 OON 228.00 229.00N Int. 1 RS.S July 229.00 230.00 230.50 231 JO Int. 1 R.S.S August 231 JO 232.50 232.50 233.50 Int351 words
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Article119 1983-06-11 9 i i i 5 1 1 larday HAS SSR 20 SSR SO <l-too palbt) (Moo palbt) Mr (Carraat Bayara 84 a* oo 204 00 Mtk) libra 210 OON 206 OON Aaful (Forward Mtk) Bayara BaUara ***** 211.OON ***** 207.OON MKELB Jaly M SMR CV SMR L SMR119 words
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260 1983-06-11 9 TRADING was stagnant for most of this week, continuing last week's thin conditions as July One RSS fluctuated narrowly around the 227 (S) mark. A distinct lack of participation made for a dismal turnover, Holiday, Cutler, Bath 6 C* said in in its review260 words
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Article60 1983-06-11 9 THE STRAITS TIN price in Penang yesterday rose one cent to a kilo, still within the ITA lower range of M 529.15 and M$32.M. The main factor behind the marginal rise was the buffer stock manager who took almost all of the smaller offerings, 141 tonnes compared with60 words
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Article32 1983-06-11 9 Rubber June 10 Singapore: July: 230.50 cents (up 2.50 cents) Malaysia: Juljr: 251.00 cents (up 3.00 cents) Tin: M 530.66 per kilo (up 1.00 cent) 140 tonnes (down 12 tonnes)32 words
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185 1983-06-11 9 Reuter PENINSULAR Malaysian rubber output fell to 89,784 tonnes in March from a revised 117,335 in February and 101,101 in March 1982. The Statistics Department said cumulative production in the first three months this year was 357,954 tonnes, down from 366,404 in the same 1982 period.Reuter - 185 words
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Article141 1983-06-11 9 THE Malaysian crude palm oil market yesterday finished lower in moderate trading on weekend selling, despite reports that the State Trading Corporation of India bought 38,500 tonnes of refined palm oil and Palm Olein. In June, south and central dropped M 52.50 each to MJB2O and MsBls per141 words
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INTERNATIONAL STOCKS
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Article191 1983-06-11 9 JUNE 0* 1 r™ CORBEILLE Alr-LlquVdc B 8 N Oerval* C 8 T (ThfcuoniM 463 50 1W1 its -0 4-4 CM Prancalse de* Petroiea Credit Poncler De France 182 Ma ♦1 •1 Hachette (Ubralrte)— Machines Bull 1(M 3U0 4-10 -0J Michelln (B) Til -1 Omnium 864 Peugeot Philip* <N»191 words
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Article89 1983-06-11 9 JUNE OR 1 FORWARD Mi Aeae Arbcd Astur rr» KRKET 90S -U 1190 -4 432 -10 Braacan Canpac rwk 1304 -44 1100 -19 107 -1 430 4>S BMI Deetrotvl 2300 unch 9700 unch Qb-Inno-Bm 3M6 4-9 o«* 3000 unch Of Bru Lamb IMS -ft Hobo* 4190 «0 IHtro saao89 words
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Article90 1983-06-11 9 JUNE 0# Dm A«f-Tetefunkan BASF Banr BMW 70 JO 142.40 133.00B •u -u 90.00 -A3 Commertbank 181 00 14 Contl Oummi 91.00 0J Dalmler-Beni US. 10 0.1 Df rum D«ni| Deutsche Bank M7J0 unch Dreadner Bank laijo +11 OHH 108.30 1J H CMC tUt Hoaach Hocten Kantadt 14SJ0 9190 words
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Article190 1983-06-11 9 JUNE 08 France Action* SuImm AlusuUae Br. 281 727 unch >3 Alueulaee Re* Brown Bortri Br. Clba Oelfy Br. M6 1300 1870 unch -15 -30 Clba Oelfjr P C 1530 unch Clba Otlfj Rm Credit Sulnc Br Credit BuImc Ret Elektrowatt Br. George Flacher Br Oiobu* Pc 7W -4190 words
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Article86 1983-06-11 9 JUNE OB Lira Central* Ortl Cond Acqua Roma Ertdanla rut Onl 1750 142 7766 27M ♦JO unch Qenerall *****0 MB Olm 3040 iinch in Pnv MOS nnrh Invest 2301 -It Italpta Lepetlt Ort toe 2S300 SO Mediobanca sasso sec M llano An Ord 11*00 SO Mondadorl Prt» MO -3186 words
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Article189 1983-06-11 9 JUNE AbtUM Aleut Ct a 40H •H H H -H -H -H H •K SIM I0« 43 MM MH 31 n Camp Rad Uk« Can Imp Bk Cu Pnn Uf Z MH OUM# Cvllna OKMft CmtH Rd Lk Z 44H MH S7H an MH H -H 1H -H -H189 words
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Article276 1983-06-11 9 JUNK OS Rand INDUSTRIALS A Alpha 990 unci) A terrain no unch AK And CI rc unch Amaprop A MIC ZI ooo unch Bvlon 1330 30 C O Smith MB r«A iaoo Cum* Finance no 6 De Bwn Ind Edcon Edamri p«d Volk ZZZ 466 5 rufit 4 IS276 words
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Article195 1983-06-11 9 JUNE 09 ru ARM 346J0 -1J Ahold moo *12 AfcBO ILM 14 amev 11SJ0 •U AOlfU W 00 1 Amrobnk 56 90 ♦aj 5ST" MJO 0J IMt H 70 -OS Borsucer 151 JO unch 46 JO lJ Burtot 46 JO +U Cl'ffMl 30.00 -0.1 Cal* mm 4M Dell MM195 words
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Article1315 1983-06-11 9 NEW YORK A FINAL# hour rally pushed stock prices higher on Thursday, but continuing investor concern about interest rates and monetary policy held the advance in check. The Dow Jones Industrial Average, which had been off more than four points during the session, ended up 3.50 at1,315 words
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Page 9 Advertisements
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Advertisement105 1983-06-11 9 Dine Chinese with the Card —"ISs? A fV\ t RICA ISI -1 XPIUS S*£* '..v I s 5 <%( A 'L Enjoy a bottle of Hennessy NO on the house! Now. when you dine with the American Express Card at the Omei Restaurant and spend $225 and above, you'll receive105 words
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3368 1983-06-11 10 BID tad offer prices officially bated •ad Nielntm in and reported to the Stock Exchange of Singapore yesterday with the number of iharea traded abown In brackets in kxs of WOO units unless otherwise specified. All Times Settlement Contracts are quoted after3,368 words
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Article177 1983-06-11 10 HNGAFOU UNTT TMU (Mw«n' (rim hr Hm The Commerce 141 The Saving! Fuad 108 S pore Prof Fuad 1-55 S pore Sac. Fund IM S pore Invest Find 1.19 S'pore Equity Fad 151 BT 114 l.M 1« 1* l.M OUMOND MOT 1 (Mim|mi' frtMi Mr Spore Fd (US)177 words
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Article3469 1983-06-11 10 Gr*s Gr's tit IMS 1 Last Db Dtv TM P/B V«1 Day Hl«k Low Coapaay 1 Sale +or- C-rr (*000) Hfck Low 8ECTION ONE INDUSTRIAL COMMERCIAL 288 235 Acma 260cd -8 7.5 m 23 300.0 9 288 280 342 148 Alcorn 328 6 5.0 33 13 29.03,469 words
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Article2141 1983-06-11 10 BlDaad alter prlcea officially Hated and buriM la aid reported to the Kuala Lampur Stock Exchange farterday. wttb the numtur d riarti traded Aaara la brackHs ta lota of 1,000 uatta ualaai oĔm*m JhdBOMJSimiAIB ikM* (1408 1.006) AIM (15SS) (3) 3 (17) 152 (B) I SO (i)2,141 words
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Article776 1983-06-11 10 THE Iml market ipwti well yeeteriay M M Mt see —Mel—t feltow-4hreagb sapped aai prien elml mixed. Activity was agaia eeaflaed ta speealatlve shares. The Baataeaa Times Cempealte ladex clued l.ti peiat tower at Mil bat toe Stralta Times latetrlai ladex eaded wlto a IMpatat gala776 words
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Article603 1983-06-11 10 A LACK of buying support caused share prices to finish mixed on the Kuala Lumpur stock market yesterday. Prices opened slightly higher in line with improved conditions on Wall Street and remained steady in early trading. After the tea-break, prices began to soften when603 words
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COMPANY NEWS
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376 1983-06-11 11 BATA (Malaysia) Bhd is optimistic about its prospects in the current year, having gone through the recessionary pressures of last year. Chairman Mr Nassif Elias Moubayed has described 1982 as "another difficult year" with the prolonged global recession affecting economic activities, and the low commodity376 words
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International ROUNDUP
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Article273 1983-06-11 11 is considering issuing new shares on the New York Stock Exchange to help finance this year's 1.1 billion guilder investment programme. Financial director P Alberda van Ekenstein said in Amsterdam that KLM would expect proceeds from such an issue to be between 50 million and 100273 words
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Article155 1983-06-11 11 sugar and energy group CBR Ltd reported a 9.4 per cent drop in 1963/84 earnings but said there are some encouraging signs of recovery in the current year. The company said net profit for the year to March 31 feU to A 174.66 million from 182.43 million previously, mainly155 words
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Article164 1983-06-11 11 subsidiary Vauxhall Motors Ltd had a 1962 net loss of £38.7 million, down by £18.7 million from the previous year, a spokesman said in London. Sales rose to £1.06 billion from £761.7 million, while car market share in the UK increased to 11.7 per cent from 8.5164 words
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Article96 1983-06-11 11 £44.8 million offer for Fitch Lovell PLC's supermarket subsidiary Key Markets Ltd still stands, a Safeway spokesman said in London. Safeway management remains confident that the future of Key Markets would be best served by being part of the Safeway group. She was commenting on the announcement96 words
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Article343 1983-06-11 11 MALEX Industries Bhd does not expect to do better in the current year unless there is an upturn in the current recession. Chairman Tan Sri Haji Mohamed Noah bin Omar says in his latest annual review that the current year's results so far have not shown343 words
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Article341 1983-06-11 11 MALAKOFF Bhd says that it is "uncertain" about its prospects for the current year, in spite of indications of a recovery in the world economy. Malakoff chairman Raja Tan Sri Mohd Alias said in his latest annual statement that the likelihood of a significant recovery later341 words
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Article272 1983-06-11 11 GADEK (Malaysia) Bhd has suffered a loss before tax of MJ289.794 for the year ended Dec 31, 1982 against a profit of 141,500 previously. This was due to depressed prices of rubber and palm oil during the year which severely affected the company's estate operations, chairman272 words
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449 1983-06-11 11 NAJEEB JARHOM - By NAJEEB JARHOM PUBLIC Bank's chairman Teh Hong Piow who earlier reduced his 19.5 per cent stake in Singapore-incorporated Tong Meng Industries Ltd to only 10.1 per cent, has now restored his interest to 16.8 per cent. Datuk Teh had sold some449 words
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Article534 1983-06-11 11 COLD Storage (Malaysia) is expected to benefit in the current year from the falling rate of inflation and a gradual return of international business confidence. The group, which reported a good 64 per cent rise in its earnings last year, thus expects "a further moderate improvement"534 words
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Article19 1983-06-11 11 COLD SUrftge Holdings PLC: AGM to be held at Empire Dock, Singapore, on June 14 at noon.19 words
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ASIAN STOCKS
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Article399 1983-06-11 11 HONGKONG STOCKS yesterday closed off the highs on increased trading in the afternoon session, with sentiment boosted by the strengthening Hongkong dollar. Brokers noted the fading possibility of a local interest rates rise, which overshadowed the market early in the week. The market paid little attention to399 words
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Article336 1983-06-11 11 SHARE prices yesterday closed higher on persistent selective demand for shares with good business performance, coupled with foreign buying of some populars following the rise on Wall Street on Thursday. JUNE 10 Yen AJlnomoto 820 -4 636 -14 573 -7 Bank Tk 465 -10 Casio Computer336 words
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Article118 1983-06-11 11 SHARE prices closed mixed on of 6.13 million from 2.19 million day. yesterday a turnover pesos, up on ThursJUNE 10 1 Pesos Acoje Mining Anglo Phil Apex Mining B Atlas Con. B. Bagulo Oold Bulc Petroleum Benguet Con. B CDCP 0.014 unch 30 +0.5 0 0028 unch 0.0006 unch118 words
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Article422 1983-06-11 11 AUSTRALIAN share markets yesterday closed mixed in light trading after a mid-morning fall in leading resource shares. Near the close the All-Ordinaries index was little changed at 599.0, off 0.2, after being over three higher in early trading. The All-resources index was down 2.6 at 481.9, after422 words
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Article167 1983-06-11 11 SHARE prices yesterday closed slightly higher in quiet trading, which centred on financial stocks. The Book Club Index rose 0.16 points to 122.81 on a turnover of 13.6 million baht with 106,805 shares changing hands. JUNE 10 Bants Aokham Tlul Asia Fibre Aytjtfiaya In* And Trust Bangkok Bank Bank167 words
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Page 11 Advertisements
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Advertisement310 1983-06-11 11 urvreo moron works [maiausta] wxnras Bernac Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Company will be held at the UMW Auditorium situated at the registered office of the Company at Jalan Utas (15/7), Batu Tiga Industrial Estate, Shah Alam Selangor310 words
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Chief Price Changes
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Article173 1983-06-11 12 Rises Indices N 8 T Nat iron uso T75 50 35 June 9 June 10 Stk M.ia lad Raleigh Kentucky Spore Aaal Steel 906 406 332 392 29 26 22 16 BT Composite: BT Indicator: ST Industrials 935.50 935.25 *****5 *****8 958.63 961.57 K L Industrie! 065 15 ST173 words
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Article, Illustration155 1983-06-11 12 Rises Indices NST Loytape Nat Iron 1290 424 30 28 June 9 June 10 820 25 MBT Index *****11 *****07 Temerloh 520 20 NST Industrials 1322.83 1322.53 T Langat ASM 1020 20 NST Finance: 2389.07 2386.97 432 16 NST Hotels: 658.14 658.89 Paper Prod rtfi Est 340 14155 words
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Article50 1983-06-11 12 H.K.HANG SENG Thursday 59C.2 Week Ago 813.9 Friday 886.52 Thursday 883.10 FINANCIAL TIMES Week Ago 815.80 INDUSTRIALS AUSTRALIAN Thursday 718.4 Wednesday 714.7 INDUSTRIALS Week Ago 698.7 Friday 744.1 DOW JONES AVERAGE Thursday 741.5 INDUSTRIALS Week Ago 754.5 ALL ORDINARIES Thursday 1189.00 Wednesday 1185.40 Friday 500.0 Week Ago 1211.4450 words
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Article797 1983-06-11 12 SHARE prices closed mixed yesterday but with a firm undertone following the landslide Conservative victory in Thursday's UK election, dealers said. At 3pm, the Financial Times index was up 1.6 points at 718.0 after hitting a record 718.3 at Ipm. The index rise partly reflected a 40p gain797 words
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245 1983-06-11 12 Bernama THE Malaysian Remisiers Association is seeking a dialogue with the Kuala Lumpur Stock Exchange (KLSE) over certain procedures which it feels are unfair to its members. Its president, Mr Andrew Chan, said yesterday that the association is unhappy over the various "irregularities" practisedBernama - 245 words
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482 1983-06-11 12 NAJEEB JARHOM - IHHBIB »sJ. "wm 1 Companies Editor: Mano Sabnani By NAJEEB JARHOM DUTA Consolidated Bhd has received the approval of the Malaysian Capital Issues Committee (or its proposed acquisition of a property-based company, Sabakaya Properties Sdn Bhd. In an announcement yesterday, Duta said the acquisition482 words
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Article434 1983-06-11 12 BUMIPUTRA company Pentra Holdings is to make a general bid for Butterworth-based threadmaker JAP Coats (Malaysia) Bhd (JPCM) at M 53.50 per share. In a Joint announcement by Pentra and JPCM yesterday, the general offer was disclosed as one of the three conditions434 words
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528 1983-06-11 12 MANUFACTURING companies in Malaysia have indicated their intention to invest a total of MJ6B6 million on modernisation, expansion and diversification this year and in 1964. The sum would have been higher if some of the companies had not decided to defer similar528 words
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Article81 1983-06-11 12 PROMET Bhd has denied rumours that it has held discussions with troubled United Engineers (Malaysia) Bhd. In reply to a Kuala Lumpur Stock Exchange query, Promet said that while it is constantly reviewing potential opportunities for acquisition, the company "is not aware of any81 words
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335 1983-06-11 12 CHOO AI LENG - By CHOO AI LENG RANK Hsvis McDaagalls' atfer far sale at 25 milUaa shares la Cerebss Pacific Ltd bi beea sabacribed abaat M times, accenting to DMfefeut baak Margaa GreafeU (Asia). A total af abaat 24,911 applications la reapeet af 859 mllllaa shares paared335 words
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411 1983-06-11 12 CHRIS LIM - By CHRIS LIM AFTER the exciting British general elections, a little election is brewing on the local front. However, the electorate will be confined to the 26 local stockbroking firms. With the imminent departure of Mr Ng Soo Peng as chairman of the Stock411 words
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Article100 1983-06-11 12 METAL Box Singapore Ltd has reported that its group pre-tax profits fell to $9.85 million for the year ended March 31,1963 ($ll.l million previously). Group sales amounted to $125.06 million during the period ($132.58 million). Profits after tax at the group level stood at 16.01 million100 words
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Page 12 Advertisements
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Advertisement369 1983-06-11 12 I I I I 10 f^arxj Southeast /\sia I.x. ,SSdU '^Waphy Vf i- i < i 1 V papers 1/ MONf TARV cono*** 5 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, a369 words
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Page 12 Miscellaneous
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Miscellaneous59 1983-06-11 12 jWEATiHER; OUTLOOK for today: Showers in many areas before and after noon. Report (or 24 hours prior to 7.39 pm on Jane It at the airport: Maximum temperature 29-5 Associated humidity 75 Minimum temperature 23-8 Associated humidity 96 Hours of sunshine 1-95 Rainfall in millimetres 28.1 Total rainfall for the59 words
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