The Business Times, 25 June 1983

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JUNE tS, IK] 60 CENTS
    11 words
  • 394 1 Reuter AFTER nearly six months of debate, the US Congress has approved an US$B59 billion budget plan for 1964 opposed by President Reagan because it calls for higher taxes and lower defence growth. The Senate gave final approval to the plan on Thursday, several
    Reuter  -  394 words
  • 233 1 THE Straits tin price in Penang fell by 64 cents yesterday to close at M 530.60 per kg. The sharp drop wiped out 15 days of slow but steady price gains, taking the metal back to the level on June 8. It
    233 words
  • 466 1  -  By LEE YOKE MENG SINGAPORE'S plan to pull In the insurance captives is about to materialise. Captives are so called because they are the insurance offshoots of large international companies wanting to cover their own risks. Two of these captives one with an
    466 words
  • 553 1  -  By GOH ENG KEE THE MINISTRY of Environment is to introduce a half-way house concept in the collection of refuse at an initial cost of $37 million, following its decision to build a second incineration plant at Tuas, Jurong. A ministry spokesman confirmed
    553 words
  • 343 1 Reuter WESTERN governments are near agreement on an "early warning" system to plug leaks of high technology to the Soviet Union. British sources said yesterday that the system would alert governments to new developments of potential military value while they are
    Reuter  -  343 words
  • BRIEFLY...
    • 91 1 Reuter LECH Walesa, leader of Poland's banned Solidarity trade union, said yesterday that he was more optimistic about the future after meeting Pope John Paul on Thursday, but needed time to think over what the pontiff told him. Walesa said police security men, who kept him under close
      Reuter  -  91 words
    • 62 1 Reuter HONGKONG governor Sir Edward Youde will lead a delegation to London next month for talks with British Prime Minister Margaret Thatcher on the future of the British colony. The governor and the nine unofficial members of the executive council will also meet the new British
      Reuter  -  62 words
    • 76 1 Reuter BANK Bumiputra Malaysia Bhd and Malayan Banking Bhd yesterday reduced their base lending rates to 10 per cent from 10.50 per cent previously, effective on July 1. The banks also said that from July 1, their saving interest rates will be reduced to 6 per
      Reuter  -  76 words
    • 59 1 Reuter THE Hongkong Association of Banks said after its regular weekly review yesterday that its interest rates remain unchanged. The Hongkong and Shanghai Banking Corp and the Chartered Bank said they also left prime rates unchanged at 13.5 per cent. Bank interest rates on savings, 24-hour, seven-day call
      Reuter  -  59 words
    • 85 1 Reuter THE semi-official Japan Development Bank in Tokyo said yesterday that it plans to offer Japanese leasing companies low-interest loans to encourage them to import machinery from other industrialised countries. The bank said that it will provide a company with 40 per cent of the funds needed
      Reuter  -  85 words
    • 49 1 Reuter THE US yesterday told Japan it will authorise exports by Hitachi Ltd of five computer-controlled telephone switchboards to China worth US$2 million. Japanese government sources in Tokyo said the US, fearing the systems could be used for military purposes, earlier blocked the Hitachi sales Reuter
      Reuter  -  49 words
    • 40 1 UPI THE European Economic Community has given the go-ahead for the subsidised sale of 30,000 tonnes of butter to the Soviet Union, marking the end of a three-year embargo imposed after the Soviet intervention in Afghanistan. upx
      UPI  -  40 words
    • 50 1 AP THE New York stock market declined slightly yesterday morning, continuing its recent indecisive pattern. The Dow Jones Average of 30 Industrials dropped 4.81 points to 1,236.96 in the first half hour. Losers slightly outnumbered gainers in the early tally of New York Stock Exchange-listed issues. AP
      AP  -  50 words
  • 276 1 ASEAN will cnUik to DMTt gndullf towards latrade ■m—g Its mem her» u tto truto rale m a ewwnk, pattttcal, caltaral «ad racial graaplag la mere Impartaat. Mr 8 Dkaaakalaa, Mlatotor far Parelga Affairs, said tkla yesterday wkea he addreraed
    276 words
  • 513 1  -  By NAJEEB JARHOM MALAYA Tin Printing Ltd, a smallish can manufacturer, has been put up for sale, barely 15 months after gaining a listing on the Stock Exchange of Singapore. In requesting a suspension of trading in the company's shares yesterday, the company said
    513 words
  • Page 1 Advertisements
    • 233 1 ,^_\@[$<\/`:|)?,.._|!^*-;*+;)|> ABOUT three-quarters of the deals done in the Singapore's foreign exchange market are speculative in nature, says economist Hoe Juan Heen Page 2 NIXDORF Computer of West Germany is investing, another $21 million in Singapore Page S THE public needs protection from small commercial genetic engineering laboratories that could
      233 words
    • 64 1 iMieX A club designed for the golfer smart enough to know the most important thing isn't just how far but how straight you hit the ball. The Golt Special st'. RAM-WEST CPTED LTD. »03-28 Plaza Smgapura 68 Orchard Road. Tel *****85 6 Telex RS ***** PANWST "813 UIC Building Shenton
      64 words
    • 3 1 See page 4
      3 words
    • 0 1 []}!,$_\'';^"*)`*\$)@)*=),/%:<}
      0 words
    • 263 1 The Straits Companies jimes pSS: directory Agencies "I Singapore (Buku Merahl Singapore Dealer A<U WATCH CI HTM •01 16 Koiong Snooo-ng Cenhe CMW CMOMO |JtWRLfIK) •03 30-03 41 S*aw Centr# COOTHA WATCH CI HTM m ITO •0? BTO Colombo Co>*l •01 32 lucky P»aro •03 131 fo> fo»t Piaia ooumn
      263 words

  • BANKING AND FINANCE
    • 235 2 Reuter THE TOKYO Gold Exchange will revise its margin requirements, delivery months and price fluctuation limits later this year, exchange officials said. jfcmhtr traders will be graded into "good performance members" and "general" members. "Good performance members" will be those which since the exchange's opening in
      Reuter  -  235 words
    • 128 2 Reuter BANK of Japan Governor Haruo Maekawa has ruled out the application of emergency controls over capital outflow to support the yen at present. Mr Maekawa said on Wednesday that such a measure would be against the government's policy of liberalisation of the foreign exchange
      Reuter  -  128 words
    • 533 2  -  By SOH TIANG KENG ABOUT three-quarters of deals in Singapore's foreign exchange market are speculative in nature, according to an Australian central bank economist, Mr Hoe Juan Heen. Mr Hoe attributes this trend mainly to predominance of third currency trading, reflecting internationalisation of
      533 words
    • 235 2 Reuter FAR EAST market conditions are likely to keep the gold price between US$4OO and $430 per ounce (or much of the rest of this year, Consolidated Gold Fields consultant Timothy Green said. Addressing a Financial Times gold conference on Thursday, he said that there
      Reuter  -  235 words
    • 492 2 Reuter MEXICO plans to achieve a current account surplus this year of US$5OO million to $1 billion, compared with a deficit oI $2.7 billion last year, bankers quoted government officials as saying. The bankers were contacted following Thursday's economic presentation to London-based banks
      Reuter  -  492 words
    • 215 2 THE ASIAN Development Bank's 100 million franc bond will carry a 6Vi per cent coupon and a par issue price, lead manager Union Bank of Switzerland said. The bond is being floated on the Swiss capital market until June 29. THE INDIAN state-owned Bharat Heavy Electricals Ltd
      215 words
    • 114 2 P T Ratu Sayang International and P T Landmark yesterday signed a US$Bl million term loan facility in Singapore to finance the construction of the first phase of the Landmark Centre in Jakarta. The first phase consists of a prestigious 32-storey commercial office tower
      114 words
    • 112 2 Reuter THE NUMBER <f US cam■Mfflal tub will skrtak to MM la IIM trMB Ike IMN n« la eaerattoa as avenge buk wwMi ledhe, aeeerdlag to a stady releaeed la CMeage. "Tkto najer lad—lij eeadbaai k ezpecM?kkaaks la awga aettvtttes, either aa mjmm er aeqalrtttea
      Reuter  -  112 words
    • 66 2 Reuter FOE the Ant Urn la the 66la the UB, i—nts have exseeded I'SflM MDUa aai reached $1*1.4 MUtoa la May, the lavestmeat Tlw MsUtatoi's Anns ladaded IUU frads ether thaa Assets la May saraaand the pnelein hy rf $6M wen well aheve the°|MJ MHaa
      Reuter  -  66 words
    • 433 2 Reuter US CREDIT markets should benefit in the next few weeks from an expected slowing of M-l money supply growth, economists said. Economists surveyed by Reuters said that the M-l figure for the statement week ended June 15, to be reported over the weekend,
      Reuter  -  433 words
    • 137 2 Reuter THE SWISS gold pool hanks remain the largest buyers of gold bars sold by South Africa, with a share of more than 50 per cent, said Union Bank of Switzerland bullion and foreign exchange manager Paul Zubler. Mr Zubler told a Financial Times
      Reuter  -  137 words
    • 66 2 Reuter AMERICAN Express Co said that its Travel Related Services Co Inc will com* bine its card, travellers cheque and travel businesses into a single organisation in all countries out-' side the United States. William M Mccormick, president of the company's card and travellers cheque business, will
      Reuter  -  66 words
    • MONEY AND EXCHANGES
      • 22 2 THE average rate at which major Singapore banks are currently prepared to lend to their boat cuatomera is 8.94 per cent.
        22 words
      • 180 2 ASIAN ASIAN currency deposit Interbank rates as at close on June 24: UBMUnKSpt) 7 d&js 10H 10* 1 month 913/18 911/16 2 months 9 13/16 911/ie 3 months 9% 9* e months 101/16 9 13/16 6 months 109/16 101/16 12 months 10 3/16 103/16 Das. Ivin. /lfUJL MimI 1 month
        180 words
      • 46 2 RANGE at prW sm otter cd by dlscount hMM on Jm* M: Overnight: 3 Call deports: 2-1 ClMlu 3-month MM* Treasury Bills 2 9/16 27/16 3- month Bank bills 7* 7* 3 month! CD 7H T A months CD 7H 7H Source: National Discount Co
        46 words
      • 49 2 RESULTS of tender held yesterday (or 91-day Treasury bills to be taued from June 27 to July 1: Offered: $150,000,000 AmM tar: $220,500,000 Abetted: $150,000,000. Aceaptai MAi: $99.33 approximately 18 per cent; higher bids in full. Average rata at dtoeeaat •a altattneat: 2.620 per cent per annum.
        49 words
      • 81 2 THE dollar and sterling yesterday opened little changed against most currencies in typically quiet Friday trading, with few new factors emerging overnight to lend direction to the market. Opening quotes yesterday: US -1.5415/25 Can -1.8970/* Croat —1.2310/13 D Mk 3 8905 45 D F1 4 3500 45 SFr 3.2140
        81 words
      • 457 2 THERE was no clear direction in the trading of the US currency on the local foreign exchange market yesterday. Dealers said trading for the day was quiet and featureless. There was no strong factor to influence the market in any way. Against the local currency, the US dollar
        457 words
      • 224 2 THE dollar yesterday drifted lower and ended dull preweekend trading at 277.95 yen after opening at 238.fi. The dollar row to the day's high of 238.55 yen on light immediate commercial demand soon after the opening, but fell to a low of 237.80 just before the cloae, mainly on
        224 words
      • 295 2 GOLD FUTURES in Singare yesterday closed slightfirmer in line with the metal's marginal rise in overseas markets. Trading was generally quiet due to weekend factors and ahead of the US money supply figures due later yesterday. Total sales for the day was recorded at 55 lot*; while kerb volume
        295 words
      • 35 2 Tfcan We* New York 12.15B 12.15B 12.22S iras Zurich 12.17B 12.17B 12-J7S ■M U-TB Singapore rn 1U0B I2.0BB 12.30S I11W CkMtng prtc In US < toUarc a tray ouno t. Source: Credit Suisse, S'pore.
        35 words
      • 72 2 THE Hongkong dollar yes- terday strengthened to 7.loA*' 12 to the US dollar In I moderately active late trad- ing, while the US unit soft-"• ened against other major currencies. Banknote rate* yesterday: (HKperl): US 7.08/7.10 UK —10.85/11.06 Brunei 3.34/3.36 W Germany 2.81/2.83 Malaysia 3.04/3.06 Philippines O.fiO/O.C Singapore 3.36/3.37
        72 words
  • Page 2 Advertisements
    • 63 2 w KM§^ <^gg<*W m f<&&* .< I\ <S* «s*o* A^ s /To^ \s> <£be^ <S> p-^ >£;<*;«✓ VV2£* .WW <^^ o<< >.<^* vs\> «I2<£i»3»£s* ■vj V* -..a +*&<*&& > X <S%* \^!f^^S£^^s i f' Now Available At All Good Bookshops. imc» Jurong, No. 2 Jurong Port Road, Singapore 2261 87
      63 words

  • TRADE AND INDUSTRY
    • 343 3 THE Ministry of Environment collected revenues of $128.4 million last year, a rise of almost 18 per cent over the previous year's collection of $106.9 million. During the same period, its expenditure was $381 milling, up 9 per cent from the $3K9.1
      343 words
    • 217 3 THE FINER points of building management and maintenance will be explored by members of a study mission which leaves today for Japan. Led by mission director, Mr Lim Chong Nam, subdean of the Faculty of Architecture and Building at the National University of Singapore, the 16-member
      217 words
    • 429 3  -  By LEE HAN SHIH GERMAN electronics giant, Nixdorf Computer, is investing a further $21 million here. The company, with 16,000 employees and more than $2 billion in revenue last year, has a manufacturing plant and a sales office here. The investment will be used to
      429 words
    • 429 3 DEVELOPERS of projects involving several blocks of buildings will have to apply for provisional block strata subdivision when the first block being built is only partially completed, at the firststorey level. This compulsory application for block strata sub-division also applies to the uncompleted part of
      429 words
    • 318 3 TWO "spectacular" construction projects will highlight architecture in the '80s, making the decade "the golden era of architecture in Singapore", said Mr Teh Cheang Wan, Minister for National Development. He was speaking at the Singapore Institute of Architects' annual dinner at the
      318 words
    • 570 3  -  By LEE YOKE MENG THIS could well be the year of review and consolidation for insurance companies here. According to the Insurance Commissioner's latest annual report, released yesterday, the economic climate for the year remains "grim and uncertain". And if preliminary results for 1982
      570 words
    • 588 3  -  By TSANG SAU YIN CHARTERED Industries of Singapore will be appointing one of its associate companies, SAL Leasing, as well as a merchant bank to manage the group's Cowec fund. SAL was set up in April 1961 as a joint venture between the four largest
      588 words
  • Page 3 Advertisements
    • 68 3 Editorial... page C s V* ,J« w 1 V Knoll THE UITIfVIATF IN FURNITURE A KNOLL INTERNATIONAL EXHIBITION Mandarin Hotel Ballroom. South Wing 6th Floor 28th June: Trade Invitees oniy 7.00p.m to 9.00 p.m. 29th June: Trade Invitees only 1.00 p.m. to 9.00p.m 30th June: Open to the public 11
      68 words

  • OVERSEAS
    • 250 4 Reuter AFTER six months of talks, the US and the European Economic Community said they are setting up another working group on their agricultural trade disputes, dealing a blow to those in Washington seeking a speedy settlement. Forming the group, which plans to
      Reuter  -  250 words
    • WORLD IN BRIEF
      • 331 4 Agencies INTERNATIONAL Business Machines Corp said yesterday that it is introducing Series/One videotex system, which links computers to low-cost displays using standard telephone lines. Text and graphic information, including travel schedules, messages, and sales »nd merchandising information, can be transmitted to videotex terminals. First shipments of
        Agencies  -  331 words
    • 644 4 Reuter A SENIOR aide of Polish leader Wojciech Jaruzelski has said that martial jaw may be abolished on July 22, Poland's national day, as a result of Pope John Paul's visit. Major Wieslaw Gornicki, General Jaruzelski's personal adviser, made the statement
      Reuter  -  644 words
    • 447 4 AP THE public needs protection from small commercial genetic engineering laboratories that could spring new life forms on the environment without "any idea" whether they could be harmful, a scientist said. Scientists have no way of telling now whether a genetically engineered organism
      AP  -  447 words
    • 388 4 Reuter SOME of the Pentagon's key weapons systems are being deployed without realistic testing to establish whether they could stand up in combat against the Soviet Union, a congressional report said. The report by the General Accounting Office (GAO), the investigative arm of Congress, said
      Reuter  -  388 words
    • 205 4 AP COMPUTER systems which would play a critical role in US defence efforts in any future war can be penetrated and subverted fay enemy saboteurs, according to an article in a US Naval Institute magazine. In the July issue of Proceedings, a monthly magazine published
      AP  -  205 words
    • 187 4 AP VIETNAM is growing opium poppies to earn badly needed foreign exchange, and Chinese frontier guards have captured drug smugglers. Reporting this on Thursday, China's official Xinhua news agency said: "This policy of encouraging opium poppy growing has resulted in a growing number of
      AP  -  187 words
    • 152 4 Reuter SOUTH Korean authorities have begun tightening controls on the flourishing video games industry in the country. Although there are an estimated 8,000 video amusement rooms in South Korea, only about 800 are licensed. Police charged the owner of a video game room in Seoul this
      Reuter  -  152 words
    • 274 4 Reuter PRICES af key (mumMm surged ahead hi Land— an Thursday, condnulag a Strang reeavery thai has hraaght same relief te hardThe Beater Commodity Index, whieh measures the valne af 1? major interna ttinal noiiimodlfhe, rase by mare than IS paints te aa all-time
      Reuter  -  274 words
    • 303 4 Reuter US Secretary of State George Shultz has said that Soviet influence in Asia is "quite considerable" and expressed concern about Moscow's use of Cam Ranh Bay in Vietnam as a submarine base. Shultz said on Thursday, en route to Manila, that
      Reuter  -  303 words
    • 176 4 Reuter BRITAIN'S new Parliament will vote on restoring the death penalty by hanging, Home Secretary (Interior Minister) Leon Brittan said on Thursday. He gave no indication of timing but government sources said a debate could take place within a month. Hanging was abolished
      Reuter  -  176 words
    • 738 4 DEPARTURES Service Local Operator Number Time For SV SV387 0015 RUH/JED FT FT72 0Z10 TPE/NRT/ ANC/LAX CAL CI331 0610 KUL/(HKG/TPE) PAA PA6 0720 HKG/SPO/JFK SIA SQ1Q2 0730 KUL S1A SQ104 0830 KUL THAI TG402 0830 BKK GIA GA961 0830 HLP JAL JL702H 0840 HKG/OSA SIA SQ202 0845
      738 words
    • 407 5 Reuter CAR SALES by US manufacturers increased by 73.1 per cent in mid-June to their highest level of the 'year, causing analysts to believe that recovery in the industry is approaching a full turnaround. Sales of cars for the whole of
      Reuter  -  407 words
    • 736 5 NYT IN AN otherwise encouraging forecast for the economy this year, specialists in the US Department of Commerce have drawn a sombre picture of growth and jobs in several of America's most important industries. At a press briefing on the department's mid-year outlook
      NYT  -  736 words
    • 148 5 Reuter THE FEDERAL badget deficit reached US$294 bilttoa ia May, a new Ugh far any aae men th, the US gwweat said. Last meath'B deficit exceeded the prevtoai recerd d $SU btlttea registered la October d last year. It was ais* sabstaatlally greater thaa the
      Reuter  -  148 words
    • 942 5 W— VMM! Berth Arrival Departure KEPPEL WHARVES Altalr 13/4 alongside 25.6/2359 Feng Lei 3/4 alongside 25.6/1400 Jenhol 22 alongside 25.6/0700 1 King Pearl 27 alongside 25.6/1500 Llo Kim 19 alongside 25.6/0700 Ramdas 31/2 alongside 25.6/0600 Seng Qlap 28 alongside 25.6/0700 Straits Pride 20W alongside 25.6/0600 Yucal 45
      942 words
    • 487 5 Reuter IN A landmark ruling, the US Supreme Court ruled on Thursday that Congress can no longer veto decisions made by the president and government agencies under powers granted to them by the legislature. The 7-2 ruling was one of the most important
      Reuter  -  487 words
    • 328 5 Reuter THE Japanese and other major economies are likely to begin a solid recovery only in 1985, although there are some signs of an upturn at present. Sumitomo Bank in Tokyo said on Wednesday that although the Japanese economic recession has bottomed
      Reuter  -  328 words
    • 184 5 AP A CHINESE factory has rediscovered the art, lost (or more than six centuries, of making a kind of porcelain so rare that it was used only by imperial families, the official Xinhua news agency reported on Thursday. "Oil spot temmoku" porcelain was
      AP  -  184 words
    • 328 5 Reuter A CALIFORNIAN at the forefront of the US hotel and leisure business is staking his future on what he says is the only type of property development that will prosper in the *****. Cal Rossi, who converted an old mansion on Nob Hill
      Reuter  -  328 words
  • Page 4 Advertisements
    • 183 4 tf'O* ina a distiiKtion Composition writing forms 50% of the English Paper at 'O' level. Andrew Leslie's HOW TO WRITE COMPOSITIONS 1 2 can help you do well in this area and make your dream of obtaining a distinction at '0' level a reality. G °C^J HOW TO WRITE COMPOSITIONS
      183 words
    • 24 4 Pan Am's Space Seats Around The World More Seat room, More Legroom, More Space To Stretch Out. Pan Am.Yon Can t Beat The Experience.
      24 words

  • Page 5 Advertisements
    • 490 5 TIMES INTER-BUSINEB3 HOUSES ATHLETICS MEET *83 Saturday, October 8,1983 National Stadium 8 pjn. For the Champion Business House 61 A Nissan Cabstar plus The Times Organisation and Tan Chong Challenge Trophy 4 m For winners in the following: 4 x 100 m 4 x 400 m T ug-of-war Best Performer
      490 words

  • 554 6 A DEBATE on pollution between a university lecturer and his students started on the premise that pollution occurs only when something damages the environment. This means that a bottle thrown on the ground would not cause any pollution. But people do not like the
    554 words
  • 854 6  -  By VICTOR MALLET Reuter CHEMICALS are cheap but nothing beats a real French rose, the kidneystone of a whale or the genital glands of a beaver when it comes to making fine perfume. France's 10 or so "grands iiez" the men known as great noses who create
    Reuter  -  854 words
  • 142 6  -  Letters R A Maeatangay Director Ariaa Appraisal C*mpuy Pie Ltd I REFER to recent reperts la the Buatmem Timet ceaceralag the passible sale sT toe Orchard Hetel (Singapore), la which It was meatfsaed toat toe hetel "was recently valaed at $ISI mllllsa by
    142 words
  • 71 6  -  Lee Guan Perr fer Permaaeat Secretary Mtolatry sf Natlsaal Devetopmeat WE WOULD Hke to aake eerreettea to year repert "Sarvey peiata to weak |»>perty market" (Bash mem Tbom, Jue 18). lie Samy ef Basiaeea Expecte tie— ef toe Real Estate Sector far the eeeeai qaarkr «I
    71 words
  • Page 6 Advertisements
    • 168 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you It you're n freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has just the space for you You'll he reaching a very select group of
      168 words
  • Page 6 Miscellaneous
    • 791 6 -11-OIE GROSSWOBD CRYPTIC PUZZLE ACSOBB I Reveals suite and lights (7) 9 Gfrvr prominence to a little Jar oo the Inside (9) 13 Superior accommodation (3) 14 Some cab barns I find quite horrible (5) 15 While, on the other hand, at this point was outside (7) If To annoy
      791 words
    • 763 6 SINGAPORE 5 1.00 PM Openinf folowed by Sesame Street: An introduction to the letters "E" and "F" and the number "8". 2.10 Shazam (Cartoon) 2.35 Saturday Matinee Quest for Phoenician Gold: 4.10 12th Sea Games Badminton Championships Finals of women's singles and doubles, mens' doubles and mixed doubles. 4.55 Pop
      763 words

  • 2058 7  -  NEIL AMDUR talks to Chris Evert Lloyd, who is chasing her first Grand Slam of tennis titles. NEIL AMDUR NYT THE red brick house looked tastefully elegant in the hilly suburban surroundings of Kingston-upon-Thames in London. Flowers filled the
    NYT  -  2,058 words
  • 371 7 'Nuclear control', MRT and fun shopping WHILE the United States and Soviet Union negotiate the control of nuclear weapons that can blow the world apart, one company in Singapore is engaged in its own form of nuclear control. It involves hidden forces that can be just
    371 words
  • 891 7  -  By FRANK PRIAL NYT THE square towers of the Castello Di San Polo in Rosso, a few kilometres south of Radda in Chianti, have watched over the Tuscan hills for a thousand years. They are so old they predate the cannon ball, which the round tower
    NYT  -  891 words
  • Page 7 Advertisements
    • 332 7 m 0, M f7. u s L I »fr 'CWKc. "CUi ifXV mz< *r o 'o vfH- ME *%**<&. ISiPi FEDERAL GUIDE TO LITERATURE is a series of books specially written for the '0' Level student. These notes help the student not only to attain a better understanding and appreciation
      332 words

  • Page 8 Advertisements
    • 862 8 Where to wine, dine and entertain with the American Express Card If you don't already have the Card, call *****33 for an application form" VtekiDoueft if V K 1 A r 1 LliK InnOfrtappnessj Great live entertainment at the Inn of Happiness, "fop of the Hilton. Nightly at 1030pm. 20
      862 words
    • 212 8 V 1* ?e. *1 *11 drinks (spm 7pm da%) r 1 I.ooam to l.OOam on weekday*, up to 2.00 am on weekends ll_Ol ft ft For information i reservations, please caM *****22 e*t 133/917 :iij rf) ®$fZW restaurant ■=7lid f. i Try our sumptuous delicacies from the Hunan Province. iwl
      212 words

  • RAW MATERIALS
    • 173 9 CHINESE PrHiee Exehaige, Singapore, noon cMag prices per 1M kg yesterday. Cwmt *tl: Bulk fob $117.00 sellers, old drum (In second hand drum) fob $130.00 sellers, new drum fob $134.00 sellers. Ciff»: Mixed (loose) $68 buyer*. Pepper: Muntok white pepper fob Asta NLW $372.50 sellers, Sarawak white pepper
      173 words
    • 196 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cattaa yarn: China Blue Phoenix 20b 2.500; 32s 3,290, 40s 3,390 (per bale of 400 lbs). Piece g**d*: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly
      196 words
    • 331 9 SINGAPORE: Yesterday's closing prices in S$ 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.
      331 words
    • 173 9 SOYBEAN futures in Chicago on Thursday eased throughout the session, ending one to 1V« US-cents per bushel lower in thin trade. July traded in a 4V« cent range. The price rally over the past few days was considered fragile by some traders. They called Thursday's action a correction. A
      173 words
    • 145 9 WHEAT futures in Chicago on Thursday ended 5V< to 1 Vt US-cents a bushel lower in quiet trade. July traded in a 6'/4 cent range. Traders noted a lack of buying interest throughout the day. Ideal growth and harvesting weather in the winter wheat belt weighed on prices, they
      145 words
    • 1136 9 COFFEE: Robusta coffee futures were mixed at midday. between £3 a tonne below and £10 above Thursday's close in traded positions. Nearby prices ended around the session's lows on some light liquidation at the end-morning call as little interest emerged in sustaining early upwards momentum. Prices traded narrowly
      1,136 words
    • 270 9 RUBBER PRICES In Singapore yesterday closed slightly lower with July One RSS buyers quoted at 232.50 cents per kilo, down one cent from Thursday's close. Morning prices were marked down slightly on lack of buying support after an unchangd opening. Afternoon prices lost further ground in quiet and featureless
      270 words
    • 319 9 RA8 price* in cent* per kilo yesterday: H. (per kilo) a Sellers (per kilo) Int. 1 R.S.S prompt (.o.b. BUI Int 1 R.S.S. July 233 50 Int. 1 R.S.S August 236.50 lat 2 R.S.S 2)4.00 UK Coat 223.00 Int. R.S.S 230 01 UK/Co« 219.00 Int. 4 R-SS 210.30
      319 words
    • 106 9 NOON 881 11mi SMR prina ymt ■Hqr BAB Jalr (CvrMt Bayer* li 211.00 107.00 Mtk) AI|W (Forward Mtk) 98R SO S8RS0 (1-M I»UMI (1 Iob palbt) >U«r* 213.00N 208 00N M)r*n B< ***** 108.00 214.00N 210.00N MULB J»ly A(f« M SMR CV SMRL SMR 5 SMR CP
      106 words
    • INTERNATIONAL STOCKS
      • 208 9 JUNE 23 Fr» GROUP B CORBEILLE Alr-Uqulde 3B3xd B 8 N Genrals Danone 17S0 -30 IS Carrefour Financier* de I. Union Lafarf* Moet-Hennesiy t P« piKttt 1340 41.50 200 1100 130 1 «jl 1X7 14 C 8 F (ThomsonCsf) Cle rnnctlae des Petroles 17* 18# JO 3 4-5 U>JI
        208 words
      • 87 9 JUNE 23 Dm Mocchst 144J0 03 Hoesch 30.60 -1 Acf-Telcfunken T7J0 •13 Horten 147 JOB -1 BASF 14TJ0 0.6 Kantadt ***** 1 140.00 1.3 KHD 256JO 6 J 3*2.00 6 Unde 364.00B Commertbank 166.00 -0.8 Mannesmann 132J0 >14 Conti Oumml 102J0 unch Preunac 266 30 1J Daimler-Benz 3*6.00 •1
        87 words
      • 81 9 JUNE 23 Ft* FORWARD MARKET Acec 808 fi ArtWd 1238 +38 A*tur 400 unch Or Bru Lamb Hobo* Petro Ryl Dutch Sldro Soc Oen Belt So fin* 2390 3000 3580 2388 1300 1745 4800 TM 130 140 88 45 5 23 unch 30 Canptc Cock De Beers Ebes 1372
        81 words
      • 190 9 JUNE 23 rnnct AcUoru Suluet 28# 2 Altuulaae Br. 745 3 AltuuUae Reg Brown Bovert Br. 286 5 1300 unch CI I* Oelgy Br Clba Ocl()r P C 1900 unch Ob« Oel«y RM Credit Sutaae Br SOB -4 2000 Credit SuLue Reg 3B0 unch Elektrowatt Br. 2006 >25 Oeorje
        190 words
      • 94 9 JUNE 23 Lire Bel Wn Cenlril* Ord Cond Acqua Roma E rid an la Flat Ord isto Ml 8350 11 >170 Oenerall *****0 Olm Ifl Prlv 3000 4900 -It Invest 2480 30 I taigas Leo*tit Ord ***** rwjo MI90 1170 US unch Mediobanca ***** 4 «so Mlli.no An Ord
        94 words
      • 203 9 JUNK 23 AMWN C* -H Hud Bay Mia Imp OU 331 Pj Alcan 42 H H Int Pro* Pipe MfTfl mvm Alfoma K- "f »v •H Bulk Mont Bank Nov* Scotia Bell Tel an uneh -H uneh Intl Nickel Kerr Add LoMaw B li* ie<* im uneh 4-14 uneh
        203 words
      • 262 9 JUNE 8 Rand Tnirt Bk Un Steel KB INDUSTRIALS Unisec ■son Wool worth 180B A Alpha MO Abercom AE And CI 80 MS 4*0 M00B -10 -8 unch MININGS 2370 8 ASSF"* Angtvaal ■nw Barlows C O Smith 1MB M00 5 Blnoors Buffets 800 7100 •10 unch C MA
        262 words
      • 176 9 abn J Ml 00 li 180 SO *1 Afcao i »40 *03 amev ■0 30 *n AmroOnk 1 BOO ♦0.0 -AA Bola Nil -2.7 Boreueer lOOJO unen Burtel SO JO 4-0.5 CfcUnd 33JO -fO.1 n«i. moo Dell MU «J0 -0 4 KUcrtcr 3H-00 -4 Ennta 130.00 uneh nt» «jjo
        176 words
      • 1242 9 NEW YORK WALL STREET stock prices closed lower on Thursday as investors, still concerned about interest rates, continued to take profits earned in recent weeks. The Dow Jones Industrial Average, which was up only briefly n Thursday, ended at 1241.79, off 3.90 points. On the broader market,
        1,242 words
    • 267 9 THE market was abruptly shaken out of Its hibernation by the surprise news over the weekend that the GSA planned to buy rubber for the defence stockpile, Hal May, Catier, Bath A Ca said in in its review of the Singapore and Malaysian rubber markets for the
      267 words
    • 104 9 THE STRAITB TIN prtoe in Peaug yesterday fell M cents to MS39.M a Idle, mainly becaase ef toe batter stack maaager's absence trem toe market. Seme dealers said toe batter stock manager, the mate buyer te repent month*, enii net continue to matetela pressure to sappert toe mftrket
      104 words
    • 31 9 Rubber: June 24 Singapore: 232.50 centa (down 1.00 cent) Malaysia: July: 252.50 centa (down 0.50 cent) Tin: M 530.60 per kilo (down 64.00 cents) 182 tonnes (down 54 tonnes)
      31 words
    • 244 9 Reuter THE Australian Wheat Board ahould low It* monopoly of wheat oo the domestic market and the embargo on wheat imparts «hould be Bfted. The Federal government'» Tifhuli'Uf Commission hi a draft report also called for major changes to the first advance and guaranteed minimum payment
      Reuter  -  244 words
    • 132 9 The Malaysian crude palm oil market yesterday firmed on renewed buying support and pre-weekend covering In active trading. In July, north rose MJ7.50 to MST&SO a tonne whOe central and south gained MJB.OO and MSLSO respectively to MJ79O. In August, south was traded at MfTgUO and north at
      132 words
  • Page 9 Advertisements

  • 3399 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Times Settlement Contracts are quoted after
    3,399 words
  • 200 10 SINGAPORE UNTT TBU8T (Mil|W' prices tar Jue tl) The Commerce 3.41 3 62xd The Savings Fund 2 02 2 14 S'pore Prog Fund 1.56 1.(4 S pore Sec. Fund 2.33 2.47 S'pore Invest Fund 1.14 121rd S'pore Equity Fund 1.S2 161 DIAMOND MOT S'PORE (Ma—gw' prices tar Ja—
    200 words
  • 3521 10 IMS Hick Low Coapujr Last Sale +orGr's Dhr DW Cwv Gr's YTd Net P/E Vol COOO) Day Hlgk Low SECTION ONE INDUSTRIAL ft COMMERCIAL 286 364 366 306 410 130 273 347 386 860 530 536 1400 535 340 800 870 418 473 1040 390 970 860
    3,521 words
  • 2145 10 BID and offer price* officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. mDORVIAU Ataa (IMS) (2) 3.80 (9) 3.(8 (13) 364 (4) 3.(2 3
    2,145 words
  • 887 10 THE LOCAL itoek market west late ita fifth eeasecattve decline yesterday with laterest «gala heealy fecued m «elected Mihydii hitl stacks. Bioe-chips were geaerally easier. Hw Baslaeas Times Campsite Isdei esded 1.89 peiata Iswer at 941.11 sad the Straits Times ladastrlal ladex was dawa 3.58 peiata ts
    887 words
  • 510 10 THE Kuala Lumpur stock market finished mixed to selectively firm yesterday in heavy trading. Total turnover rose to another all-time high of 16.66 million units valued at MJS9.O6 million. Prices opened generally higher and remained steady in the first hour of trading. Thereafter, shares drifted
    510 words

  • COMPANY NEWS
    • 284 11 SHAREHOLDERS of long troubled Hytex Ltd can ex pect a major restructuring of the company within the next few months, if its diversification plans mate rialise. Managing director Char Cheow Kiat said Hytex's directors have been investigating a number of possible acquisitions as they have decided that to
      284 words
    • 997 11 Carreat Paiawat 3%TE(b) Ex Beata Date Tatal far Tatal far Date Cleee Payable tfce year 3%TE PraTteaa year 2.3%TE(a) API Jun 13 Jun 23 Aug 1 AMM 7Vi% Jun 16 Jun 23 Jul 15 7V4% 21.7% AafeMMdir 7Vi%<b) Aug 11 Aug 18 Aug 31 7Vi% 7V4% BtafeftWMC 38%(J)
      997 words
    • 419 11 TEXTILE-based MWE Holdings intends to diversify operations by investing in properties. In a circular in connection with its proposed five-for-four rights issue at $1 par, MWE said that due to the cyclical nature of the textile business, it would review any opportunities for acquisitions
      419 words
    • 171 11 INDUSTRIAL Oxygen Incorporated Bhd has secured an eight-year term loan of Msl6 million to finance partially its acquisition of Bukit Dinding and Sabal Estates. The purchase will cost $36.459 million. The balance will be financed through internal resources and through a three-far-two rights issue of $1.00 each
      171 words
    • 299 11 PUBUC Carperatlea Bhd expects Is dlneislfy farther lata y>p«i) aad heaatag develspmeat activities. la his latest —< review, chairman Datnk AMallah Mthtmrd says that la spite sI the ne» •d®n, there Is great pateattaJ la the hsastag iadutry. TUs Is heeaase af the Kivrrnmeat'i
      299 words
    • 749 11  -  By NAJEEB JARHOM GENTING Bhd's property development activities centred on its hill resort are fast gathering momentum. Work on the group's second condominium project, the Selangor-Pahang Towers has already started. The project, consisting of 350 luxury apartments, is being undertaken by Genasa Sdn Bhd,
      749 words
    • ASIAN STOCKS
      • 329 11 AUSTRALIAN shares were steady in dull trading yesterday. JUNK M Cents INDUSTRIALS AC t 143 2 A N I MS -J A P M 198 -1 Aberfoyte 710 -0 Alliance CHI a» M -a 4-1 Allied Mill in 3 Ampol Exp Ampol Pet as i*i ♦a ♦i Ana at
        329 words
      • 116 11 SHARE prices yesterday closed mixed on a turnover of 6.37 million pesos, down from 9.44 million on Thursday. JUNE M Pesos Acoje Mining Anglo Phil Apes Mining B AUm Con B. 0.015 38 50 unch -IS Baguio Gold Bute Petroleum oooas unch Benguet Con B CDCP 0J3 -a -0
        116 words
      • 425 11 HONGKONG STOCKS yesterday closed higher but gains were pared following vague speculation over a local interest rate cut. The Association ot Banks may decide to postpone an anticipated interest rate cut for another week at its interest setting weekly meeting later yesterday. Prices opened slightly easier but
        425 words
      • 490 11 SHARE prices yesterday rose on a surge of buying of commodity related issues. The stock market average rose a provisional 31.90 to close at a record 8,845.38. The Tokyo Stock Exchange index closed at 658.33, up 1.14 on a volume of 380 million shares. Dealers said
        490 words
      • 150 11 SHARE prices yesterday continued to improve in moderate trading at the Securities Exchange of Thailand. JUNE 24 Bahts Aokham Thai Art* nm Ajruttiajrm In* And Trust Bangkok Bank Bank Of Ayudhara Ltd BtU SUM Berll Jucker Charoong Thai Wire Firestone Pim Trust Ooodjrear Industrial Finance Corp JalapraUian Cement Maboonkhroni
        150 words
    • 302 11 PLANTATION-based Kulim (Malaysia) Bhd is re-orga-nising its production operations and marketing approach to take advantage of price improvements and increased demand (or rubber. Kulim (M) chairman Datuk Haji Basir bin Ismail notes in his latest annual statement that low-yielding rubber areas are being replanted. The group
      302 words
    • 148 11 THE shares of Amalgamated Industrial Steel Bhd (AISB) will be listed and traded on the Kuala Lumpur Stock Exchange from Tuesday, June 28. All the 22 million shares of $1 each will be admitted to the official list under the industrials section. Trading will
      148 words
  • Page 11 Advertisements
    • 52 11 J.M. SASSOON CO. (PTE) LTD RELOCATION OF OFFICE Effective 27th June 1983 Our office will be relocated at: 1 Bonham Street #26-01 UOB Building Singapore 0104 Telephone numbers, Telex numbers answerback remain the same as follows: Cable: SASSMAC Telex: RS ***** RS ***** Telephones: Brokers *****8 General Office ***** Scrip
      52 words

  • Chief Price Changes
    • 169 12 Rises Indices Seaeorp 1100 +130 Kmi| Hldgs Jacks 1st CASH SO* Kwiyu H Uoif Credit 430 830 710 378 570 50 40 30 26 25 BT Composite: June 23 943.06 June 24 941.16 BT Indicator: *****1 *****0 ST Industrials: 972.32 968.74 Alex Hldgs 50* 190 20 ST Finance: 2527.13
      169 words
    • Article, Illustration
      163 12 Rises Indices Taiping Coo 1260 110 June 23 June 24 Seacorp 1300 100 Utd Est 910 45 MBT Index: *****88 *****92 M W E 324 +34 NST Industrials 1338.44 1339.70 Jacks lnt'1 900 +35 NST Finance: 2410.79 2428.31 HL Credit 620 +30 NST Hotels: 659.63 659.26 Supreme Plant
      163 words
  • 337 12 The KLSE also wants to know whether any substantial shareholders have any interest, direct or indirect, in the acquisitions. FAB EE Merlin Malaysia BM has been asked to give details of how the valuation of $34 million for its purchase of a piece of residential land from Tainan
    337 words
  • 43 12 BOXY Electric MhMm (M) Bkd: Greap eperattag Cite Increased slightly to Jt million fer the six mwtlii ended March SI, •gainst $1.21 mllHea prevl•uty. Sales daring tke peried rsae by abaat 3 per cent, the eempaay said. Ne flgare was Jlanlsasil diACIiWru.
    43 words
  • 311 12 THE MALAYSIAN Foreign Investment Committee luu approved Loytape's proposed acquisition tt Sam» Holdtags Bhd, two property c*mpaaies, seven ibtp tote aad mm stop la Temerlah.' The committee has ate* r roved Lsytape's pup—to acqalre General Alaw«rks (M) Bhd, Central tadastrtal Carp Sda
    311 words
  • 463 12  -  Companies Editor: Mano Sabnani By NAJEEB JARHOM SUCCESS has its price. The overwhelming success of Sing Investments Finance's public offer has meant that small investors, who have put in applications for 1,000 shares, are likely to be disappointed, as they only stand
    463 words
  • 819 12 SHARE prices closed steady in quiet trading ahead of the weekend, dealers said yesterday. At 3pm, the Financial Times Index was up 2.9 points at 727.8. Movements were few after initial changes, although in late trade, the market tended to ease in line with lower Wall Street. Among
    819 words
  • 175 12 PHASER Neave Ltd ku repart that It kas acqalred I.S arilltoa Aim, repreaeattag f per eeat af the iiuei capital la Peters (WA) Ltd, West Australian frasea M sad leecream rtmpuy. The parekaae, ftt a price d All .4# per Atn, was pftid la
    175 words
  • 56 12 DUNLOP BMtap PLC said A Mil Ghafar Baha ud Eag Chla Ah have keetme mexecdtre director». Mr AMal Ghafar Is chairmaa sf Peg! Malaysia Bhd, which reeeatiy raised lis Daalep stake to ahest 2t per eeat. Mr Bag Is chief executive sf Eastwiad Beldings Sda
    56 words
  • 56 12 H.K.HANG SENG Friday 951.22 Thursday 836.84 Week Ago 966 89 AUSTRALIAN INDUSTRIALS Friday 745 9 Thursday 744.9 Week Ago 743.4 ALL ORDINARIES Friday 606 0 Thursday 606 5 Week Ago 599 0 FINANCIAL TIMES INDUSTRIALS Thursday 724.9 Wednesday 721.2 Week Ago 715.7 DOW JONES AVERAGE INDUSTRIALS Thursday 1241.79
    56 words
  • 643 12 Taking Stock... By Hock Lock Siew FEW OF us may have realised it, but daily turnover on the stock exchanges of both Singapore and Kuala Lumpur now exceeds the combined turnover of Hongkong's four exchanges. This fact stands out even mere if one considers that only
    By Hock Lock Siew  -  643 words
  • Page 12 Advertisements
    • 127 12 Software Development Training Centre (the official NCR Training Centre for Singapore) offers DEVELOPING COMPUTING SKILLS (Day Sessions) A. Computers in Business 2-3 July 1983 SS3OO B. EDP CONCEPTS 4-7 July 1983 SJ4OO C. Introduction to Business 8-10 July 1983 Application Cobol Ss4so D. Microcomputers in Business 12 July 1983 How
      127 words
    • 129 12 TIME LIFE BOOKS MAKE GOOD READING CULTURE, NATURE, SCIENCE LIBRARY call STP Distributors tel *****88 for details •m® anurous ®B3S giWffSiSS The Business Times Senior Appointments Every day, Business Times is avidly read by 50,000 executives in senior and middle management, involved in every industry in Singapore communications, banking and
      129 words
  • Page 12 Miscellaneous
    • 60 12 OUTLOOK for today: Showers in several areas in the morning; fair by noon. Report for 24 hours inter to 7.31 pm on Jane 24 at the airport: Maximum temperature 31.2 Associated humidity 71 Minimum temperature 25.9 Associated humidity 87 Hours of sunshine 2.20 Rainfall in millimetres Trace Total rainfall for
      60 words