The Business Times, 30 July 1983
1983-07-30
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The Business Times
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Title Section11 1983-07-30 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, JULY 31, IMS 60 CENTS11 words
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551 1983-07-30 1 TERESA LIM - By TERESA LIM BOTH Hongkong's Secretary for Trade and Industry and its Commissioner for Census and Statistics declared yesterday that the colony's economy is headed for a full-scale recovery. What inspired Secretary for Trade Eric Ho and Statistics Commissioner Colin Greenfield to551 words
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831 1983-07-30 1 WANG LOOK KEAH - By WANG LOOK KEAH THE fundamental problem facing less developed countries (LDCs) today is not the inadequacy of aid from, and trade with, the rich nations but rather inappropriate social and political institutions, said Deputy Prime Minister Dr Goh831 words
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428 1983-07-30 1 LOH HUI YIN - By LOH HUI YIN NEW investments made by the Shell group of companies in Singapore reached a staggering $1 billion during the past six years. This raised the investment in plant and equipment for each employee from $600,000 in 1977 to today's high of428 words
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145 1983-07-30 1 Reuter THE United States has announced an agreement for the sale of at least nine million tonnes of grain to the Soviet Union in each of the next five years. Agriculture Secretary John Block, who announced the new long-term agreement, said it wasReuter - 145 words
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BRIEFLY...
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Article56 1983-07-30 1 THE FINAL details of an agreement between Bangladesh and Singapore Airlines were being worked out last night for the purchase of two of SlA's three used DC-10s. The figure under negotiation is believed to be $46 million. Bangladeshi Biman, the national flag carrier, intends to use56 words
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Article54 1983-07-30 1 Reuter SAUDI Arabia has agreed to set up a US$l.6 billion emergency credit line to help the International Monetary Fund. The IMF had previously borrowed about $8.4 billion from the Saudis and has been holding talks with them on further loans in an attempt to shore upReuter - 54 words
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Article65 1983-07-30 1 Bernama THE Malaysian Small-Scale Industries Development Committee has agreed in principle to the setting up of a corporation responsible for the growth of light industries in the country. Deputy Trade and Industry Minister Haji Muhyiddin Mohamad Yassin said the committee had, in its meeting on Thursday, accepted theBernama - 65 words
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Article57 1983-07-30 1 Reuter THE US Senate approved legislation repealing scheduled withholding taxes on interest and dividend income, thereby giving final congressional approval to the repeal. The Senate vote was 90 to seven. Earlier, the House approved it. A second part of the Bill includes President Reagan's programme of tariff andReuter - 57 words
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Article83 1983-07-30 1 Reuter THE US dollar continued its seemingly inexorable rise on foreign exchanges yesterday, opening nearly 11/ il l /i pfennigs up in Europe above 2.64 Deutschemarks and at another record against the French franc. Expectations of higher US interest rates were again the reason, with theReuter - 83 words
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Article68 1983-07-30 1 Reuter WEST Germany's current account balance of payments surplus narrowed to a provisional 600 million Deutchemarks in June from an upward revised 1.5 billion marks in May, the West German Federal Statistics Office said. The trade account surplus widened to 3.9 billion marks from an unrevised 3.6Reuter - 68 words
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Article84 1983-07-30 1 Reuter SUMITOMO Finance (Asia) Ltd will raise 100 million Deutschemarks in Frankfurt next month through an 8 per cent eight-year bond and pass on the funds to an undisclosed Malaysian government corporation, Sumitomo Bank Ltd said. Sumitomo's Hongkong-based subsidiary will use 40 million marks to buy aReuter - 84 words
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332 1983-07-30 1 SINGAPORE'S former ambassador to Japan, Wee Mon Cheng, yesterday claimed trial to two tax evasion charges. The 70-year old businessman, also chairman of the Singapore Broadcasting Corporation, is alleged to have wilfully given false written statements to the Comptroller of Income Tax with332 words
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Article, Illustration239 1983-07-30 1 THE Minister witbaat Partfalia, Mr Lim Cbee On, ku declined ptsttig to a Ministry aad Is stepping dawn fram the CnMnet nt the end af this maath. Hivever, he will remnln n Member af Parliament. In i reply to Mr Urn's letter ef resignation,239 words
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Page 1 Advertisements
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Advertisement300 1983-07-30 1 TW ji'iu ;vi yiT-iJBMr WRITE TO US! ..then write for us BUSINESS TIMES is growing fast and we now need extra staff bright, energetic people who can write well in English. A business background is not necessary, nor is a detailed C.V. at this stage. If you want to join300 words
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Advertisement103 1983-07-30 1 The better golfer will appreciate these MacGregor dubs. The rich copper plating visually frames the ball positioning it more precisely for improved accuracy. And the wing-back design concentrates the power to provide the solid hit prized by the better golfer. Now these fabulous clubs are available again. Improved over the103 words
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Advertisement173 1983-07-30 1 The Singapore's Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) International Banking Problems? Wfe have the solution. w f i I CC Hongkongßank has over 1.000 offices in 54 countries and a network of branches supported by technology that is among the most advanced in the173 words
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BANKING AND FINANCE
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335 1983-07-30 2 LEE YOKE MENG - By LEE YOKE MENG SCIEA, a Singapore group engaged in logging, plywood factories, tuna fishing, travel agency and computer software services, has crossed over into the banking field as well. It has teamed up with the Ban Hin Lee Group, one of335 words
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Article379 1983-07-30 2 Bernama MALAYSIA on Thursday obtained its first yen syndicated loan totalling 30 billion yen from a consortium of financial institutions. This is the largest amount raised in one single operation for any government since the reopening of the yen loan market to sovereign entities lastBernama - 379 words
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375 1983-07-30 2 AP MEXICO has reached agreement with a committee of its creditor banks to restructure about US$2O billion of its foreign debt, Citibank said on Thursday. The agreement "represents the largest debt rescheduling package ever," said William R Rhodes, chairman of the banking committee and aAP - 375 words
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Article231 1983-07-30 2 SOH TIANG KENG - By SOH TIANG KENG THE PRIMARY Industry Bank of Australia (Piba) has floated an A|3o million bond in the Asian dollar and Eurocurrency markets. The five-year bond issue, lead-managed by Nikko Securities, bears a coupon rate of 14.25 per cent. Though the interest yield231 words
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435 1983-07-30 2 NYT US MONEY brokers, the financial middlemen who funnel billions of dollars from institutional investors to banks and savings associations, say they are forming a self-regulatory organisation. The move is apparently in response to growing government criticism that money brokers are knowingly depositing moneyNYT - 435 words
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269 1983-07-30 2 Reuter MIDLAND Bank PLC's cumulative bad debt provisions have risen to £561 million, representing 1.5 per cent of total customer advances at the end of June this year from £430 million or 1.36 per cent in June last year, chairman Donald Barron said. MrReuter - 269 words
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416 1983-07-30 2 Reuter THE PRESSURES that caused US long-dated bond prices to fall by as much as 1-5/16 points on Wednesday are unlikely to abate in the immediate future, economists said. The economists said the retail selling that was a feature of Wednesday's price retreatReuter - 416 words
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445 1983-07-30 2 Reuter PAUL Volcker, chairman of the Federal Reserve board, has said the forces that could lead to a new rise in interest rates were building in the US economy. In testimony on Thursday before a Senate subcommittee, Mr Volcker also indicated that be opposedReuter - 445 words
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MONEY AND EXCHANGES
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Article22 1983-07-30 2 THE average rale at which major Singapore banks are currently prepared to lend to their best customers is 9.04 per cent.22 words
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Article186 1983-07-30 2 ASIAN ASIAN currency deposit Interbank rates as at close on July 29: U8 Dollar*(Spot) OfT.r Bid 7 days 013/16 011/16 1 month 015/16 013/16 3 monthi 10* 10 3 months 10 5/16 10 3/16 6 months 10** 10* 0 months 1013/1610 U/16 12 months 10% 10* Dm 8w.Fr*. /IfUJL. It-1186 words
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Article46 1983-07-30 2 RANGE of prt cea Oder ed by dlacount hw on July S: Overnight: 3 Call depaaits. 2 S Cioaiac 3-month Bayia« 8*Uia< Treasury bills 29/16 27/16 3-month Bank bills 715/16 713/15 3 months CD 7H 7* 0 months CD 79/16 77/16 Source: National Discount Co46 words
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Article49 1983-07-30 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Aug 1 to Aug 4: Odered: (125,000,000 Applied far: $313,550,000. Allotted: $125,000,000. Accepted bida: $99.36 approximately 92 per cent; higher bids in full. Average rate at dtoeaaat •a allotment: 2.560 per cent per annum.49 words
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Article97 1983-07-30 2 THE US dollar yesterday softened against most major currencies in moderately active late business, following an easy opening in Europe. It eased to 2.6420/30 marks from an early 2.6437/ 44 but was still above New York's close of 2.6415/25, and drifted to 241.55/65 yen from 241.60/70 but was higher97 words
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Article53 1983-07-30 2 Opening quotes yesterday US -1.5178/88 Can 1.8700/30 Cross -1.2320 23 DMk- 4.0110/50 D F1 4.4815/60 S FY 3 2315 55 B FY con 80.25/38 F FY 12.0515 0670 Ut 2375.65/2378.75 Yen 366.65/367.20 D Kr 14.4350 4490 NKr- 11.1960 2080 S Kr 11.7455 7575 Aus sch 28.18 21 Port 181.9553 words
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Article485 1983-07-30 2 CAUTION underlined trading on the local foreign exchange market yesterday. Trading was relatively quiet as the US dollar firmed substantially against major currencies, especially the deutschemark. A lack of direction in the Malaysia market influenced local conditions. Against the local unit, the US dollar opened at 552.1345/55. The485 words
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Article287 1983-07-30 2 GOLD FUTURES in Singapore yesterday closed slightly lower in quiet trading due to the strength of the US dollar. Total sales for the day were recorded at 131 lots while kerb volume was 140 lots. October closed slightly weaker at U5U31.60 431.80 an ounce against $432/433 in New York287 words
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Article38 1983-07-30 2 New York L2 20B 12.XB 12 27S L2 33S Zurich 12.28B 12 44B 12.35S By 12.51S Singapore r n 12.14B 12.2KB 12.21S 12.38S Closing price* in US dollars a troy ounc e. Source: Credit Suisse, S'pore38 words
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Article163 1983-07-30 2 THE DOLLAR yesterday closed at 2.6390 6400 marks, off an early seven year 10 month high of 2.6480 marks traded, and below the 2.6415/25 New York close. The dollar rose on remarks by Fed chairman Paul Volcker which confirmed the impression given by the large Treasury funding package announced163 words
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Page 2 Advertisements
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Advertisement162 1983-07-30 2 HERE'S LOOKING AT YOU, SINGAPORE Through other eyes It's time for a good hard look at ourselves. But how difficult a task that is for us to do. So we asked not the Singaporean but the foreigner for his view of Singapore, 18 years old this year. We asked foreigners162 words
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TRADE AND INDUSTRY
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265 1983-07-30 3 MEMBERS of the Singapore Chinese Chamber of Commerce and Industry's management committee have been encouraged to support trade missions to Yugoslavia and East Germany. The SCCCI president, Mr Tan Keong Choon, told management committee members yesterday that the Embassy of East Germany265 words
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464 1983-07-30 3 LOH HUI YIN - By LOH HUI YIN DISBELIEF and total astonishment were Dr Richard Hu's first reaction when the poor quality of original concrete st** Jtures supporting Shell's hydrocracker plant was discovered. The just-retired chairman's feelings were expressed in a farewell interview with Berita Shell, the company's newsletter.464 words
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Article998 1983-07-30 3 Vessel Berth Arrival Departure SEMBAWANG KEPPEL WHARVES Cherry Manis Claudia Smits Gold Leaf Maijin Qing Chuan 1 Anchan Anna Bakke Bela Kosmo Dan Yang De Du Fel 6/B Fukuzaki Maru Kim Soon Li Kota Raja Langsa Perak Seng Giap Shan Yin Silver Star PASIR PANJANG 27/8 33/4998 words
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446 1983-07-30 3 THE Asia-Pacific, now going through a new industrial revolution, is entering a new era where "humanistic concerns may finally begin to overtake technological development". This was emphasised yesterday by Dr Victor Hao Li, president of the East-West Centre in Hawaii. Opening the446 words
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308 1983-07-30 3 TERESA LIM - By TERESA LIM MEMBERS of delegation from the Real Estate Developers Association of Singapore Jut through with a four-day tour of Hongkong that started oa Monday agree that there is a fair a moan t to lean from the way the territory's308 words
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525 1983-07-30 3 JOHN LIM - By JOHN LIM THE United Workers of Petroleum Industries (UWPI) has denied that there ever was a resolution threatening to expel any member who advocates house unions. But at the same time, the union feels it is "advisable" to rescind its resolution passed last525 words
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341 1983-07-30 3 NATIONAL Semiconductor Pte Ltd, which recently appointed its first local managing director, is investing about $2.5 million in new computer equipment and additional datalink lines to plants in the Asean region. Mr Max Stanton, vicepresident for the AsiaPacific region, said the company has outgrown341 words
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Article129 1983-07-30 3 A NEW quarterly trade journal on the Singapore electronics industry will be published from February next year. The journal, Singapore's Electronic Scene, will carry articles on electronic products made here and the latest developments in the industry. The publisher, GIC Publications Pte Ltd, said at129 words
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Page 3 Advertisements
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Advertisement114 1983-07-30 3 |f* if 2 > 4 r s ME 1. «4 a t* Jfe U| Vk >-■■* WB wtt •a y JL ><• There's a naturalness about American food that conveys the love they have for the great American outdoors. Like roast prime rib", enthused Mandarin Executive Chef Charles Benz. "And114 words
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OVERSEAS
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475 1983-07-30 4 Bernama THE METAL engineering industry can be expected to provide a base for the future growth of the high precision industry in Penang, according to the Penang Development Corporation's (PDC) latest annual report. The 1982 report, just released, said that of the 75Bernama - 475 words
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248 1983-07-30 4 Reuter US trade officials said some progress had been made in the latest round of Sino-US textile negotiations which began in Geneva. The talks, which began on Monday, are the seventh round in a series of talks aimed at drawing up a pact toReuter - 248 words
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248 1983-07-30 4 OIL MARKET conditions allow "no relaxation of supply discipline" on the part of producers, Mexican Energy Minister Francisco Labastida and Mario Ramon Beteta, head of the national oil company Pemex, said in a joint statement. "For this reason we welcome Opec's decision to248 words
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414 1983-07-30 4 AP IN A bitter legislative battle reminiscent of the Vietnam War era, the US House of Representatives has approved a cutoff of all secret US military and intelligence aid to rebels fighting in Nicaragua. The decision, taken on Thursday night by voiceAP - 414 words
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249 1983-07-30 4 Reuter JAPAN has not made any decision yet on what action to take when a voluntary agreement by Japanese car makers to restrict shipments to the US ends next year. The US market absorbs about 40 per cent of Japanese car exports, butReuter - 249 words
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Article89 1983-07-30 4 Reuter CORPORAL punishment will not be banned in English and Welsh schools. But parents opposed to caning will be allowed under a new law to have their children exempted, British Education Minister Sir Keith Joseph told Parliament on Thursday. UK teachers, however, wantReuter - 89 words
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559 1983-07-30 4 Reuter JAPAN'S trade surplus this year has already topped US$l2 billion and is now set for a record high. The Finance Ministry said Japan exported $2.77 billion more in June than it imported, taking the trade surplus for the first half of 1983Reuter - 559 words
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292 1983-07-30 4 UPI AMERICAN federal health officials said they have found an association between dioxin and a rare form of cancer in humans, but they emphasised that there is no proof yet that dioxin actually causes the cancer. "The early warning sign has gone up. OnUPI - 292 words
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Article138 1983-07-30 4 Reuter THE EUROPEAN Economic Community's Executive Commission has agreed a strategy for sweeping cuts in farm subsidies to rescue the trading bloc from bankruptcy. Officials said the plans, unveiled formally by Commission President Gaston Thorn yesterday, focused on a punitive "super-tax" on surplus milk output andReuter - 138 words
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363 1983-07-30 4 UPI IT MAY Ml be «imply the ameaat W stress peeple suffer, bat whether they tlit feel they cu cape that helps decide whether they will devetop caacer and ether diseases, US sdesttsts say. Researchers frsm the (Jalverslty sf Cslsrads aad University sfUPI - 363 words
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155 1983-07-30 4 Reuter THE European Economic Community (EEC) has asked for compensation from the US for its curbs on imports of high quality steels, the EEC's executive commission said in a statement. The request was made at EEC-US consultations in Geneva under the GeneralReuter - 155 words
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WORLD IN BRIEF
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Article417 1983-07-30 4 Agencies THE ruling UK Conservatives have narrowly held on to a parliamentary seat in the first electoral test since last month's general election, official results showed yesterday. Political sources said there was little cheer for any of the parties in the result at the North EnglandAgencies - 417 words
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471 1983-07-30 4 Reuter UPI AMERICAN construction contracting rose to a record US$2O.3 billion in June, surpassing the May high of $18.9 billion, the F W Dodge Division of McGraw-Hill Information Systems Co said. The seasonally adjusted Dodge Index, base 1977, rose to 151 in JuneReuter; UPI - 471 words
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Article298 1983-07-30 4 AP PRESIDENT Ronald Reagan promised a "frontal assault on the mob in America" as he assembled a national commission on Thursday to investigate organised crime and throw the spotlight of publicity on alleged gangsters throughcut the US by conducting region-by-region hearings. Named as chairman ofAP - 298 words
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Article795 1983-07-30 4 ARRIVALS Service Local Operator Number Time From SIA SQ1I 0010 LAX/TYO PAA PA5 0015 JFK SFO HKG FT FT71 0040 JFK/ORD/ANC/ NRT TPE KUL CAL CI331 0150 TPE MAS MH601 0620 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI421 1000795 words
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Page 4 Advertisements
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Advertisement8 1983-07-30 4 MANSFIELD CONTAINER SHIPPING PTE LTD WE ARE HI8 words
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Advertisement0 1983-07-30 4 ';";;|$;<&>$"+/,"=,:@&&|_%'"$$>0 words
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Advertisement31 1983-07-30 4 SEE PAGE 3 FOR SHIPS IN PORT Pan Am's 7475P Daily At 7.20 am To Hong Kong. It Flies Higher, So You Fly Smoother. Pan Am.You Can t Beat The Experience.31 words
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Article, Illustration284 1983-07-30 5 There is a feeling that Gebeng is going to mean great things in the near future. There is certainly every reason working for it to become the industrial heart of Pahang. By virtue of its location, which practically borders Kuantan port, Gebeng's fortunes will receive a fillip284 words
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Article, Illustration370 1983-07-30 5 The East ts Looking To Pahane KUANTAN, Fri. As the result of a week-long investment mission to Japan and South Korea, Pahang will be involved in several multi-million dollar projects with industrialists of both countries. The six-man investment promotion team from the State, led by370 words
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Article, Illustration252 1983-07-30 5 KUANTAN, Fri. Repair work on the structural defects of the Port of Kuan tan are four months ahead of schedule. A spokesman for Mitsui Cofnpany of Japan, which is carrying out the repair work, said today that it is expected that by January 1984 all repair252 words
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Article, Illustration703 1983-07-30 5 The Pahang Slate Development Corporation is the main agency charged by the State Government with developing economic activities in the State. The PS DCs many responsibilities indiide the building of houses and commercial premises, and the development of tourism within the State. Together with the703 words
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Article593 1983-07-30 6 THE foreign exchange market has suddenly gpe mad: it could move either way but the cAnpany has to make up its mind soon on its foreign exchange exposure. Should it buy or shfctild it sell? A wrong decision either way could coif the company millions593 words
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Article, Illustration915 1983-07-30 6 ELIOT TAYLOR - In Japan, they're not just for the children. Comics or manga as they're known in the country cater to everyone, with themes as diverse as romance, sport, science fiction, sex and history. Little wonder that they provide billions of yen in revenue to publishers andReuter - 915 words
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Article, Illustration654 1983-07-30 6 ERIC HALL - By ERIC HALL Reuter OLD China lingers on in the middle of Shanghai where tea for two near a 16th-century mandarin's garden survives as a reminder of a bygone age. The Wuxin Teahouse, its distinctive curved and grey-leaded roofs immortalisedReuter - 654 words
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Page 6 Advertisements
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Advertisement111 1983-07-30 6 r. K. if x/ SAVE MONEY Know how to deal with a mechanic explain your problems SAVE MORE MONEY Know how to spot trouble beforehand get more miles from each litre of petrol find the car that's right for you Oder's Digest COMPLETE CAR CARE m/USuaL \i SAVE EVEN MORE111 words
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Page 6 Miscellaneous
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Miscellaneous749 1983-07-30 6 STrtlHO 12.50 PM Opening folowed by Sesame Street: This series continues with the letters J and I and the number 7. 1.50 Shazam (Last Episode) 2.10 Saturday Matinee The Dove 3.§5 6th World Netbal Tournament 1983 England vs New Zealand 5.00 Bintang Undangan Ali Ahmad (Maiay/r) 5.50 Fintstone Frofics 6.15749 words
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Article, Illustration1157 1983-07-30 7 JOSEPH VEITZMAN - By JOSEPH VEITZMAN AP MANHATTAN always fertile soil for new ideas in architectural design has in the last 10 years yielded a new and spectacular crop of high-rise buildings. Combining sleek glass skins or stone facades with bold new shapes, they have altered dramatically bothAP - 1,157 words
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605 1983-07-30 7 DAVID YOUNG - Expatriate Investment BY DAVID YOUNG FOUR weeks ago in this column I charted the expatriate investor's progress from the early stages to wealth approaching six figures (sterling). Up to that point most of his investment was fairly straightforward, building up a liquid605 words
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Article, Illustration1274 1983-07-30 7 JANE BRODY - It has long been assumed that simple sugars produced a corresponding immediate rise in blood sugar levels but that starches such as the complex carbohydrates did not. Research now shows, however, that not all starches or all sugars are alike in their effects on bloodNYT - 1,274 words
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Article260 1983-07-30 7 STRAWS in the Wind L BRITISH Airways begins what is called its Super Shuttle service for its domestic flights at the end of next month. Passengers taking the flights within Britain will be treated to a free bar service, high quality hot260 words
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Page 7 Miscellaneous
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Miscellaneous750 1983-07-30 7 CRYPTIC PUZZLE ACROSS 9 Tense when telling people there's nothing wrong with one (9) 10 "I can spend more time doing nothing than anyone I know?" (4,5) 12 A youth and a young woman (4) 13 A quarter get well (6) 14 Write: "Training in the tennis match" (3,4) 15750 words
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Miscellaneous9 1983-07-30 7 jusreecpwl MR GRAVES mtSMtTD/ P T r.» NM IL9 words
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Page 8 Advertisements
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Advertisement789 1983-07-30 8 Where to wine, dine and entertain AMERICANS Ml Mil iS with the American Express Card 'if you dont already have the Card, call *****33 for an application form" An evening with the stars. «r a x Dine alfresco. On a rooftop, bathed in moonlight. Relax, with a cocktail. Enjoy the789 words
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Advertisement173 1983-07-30 8 m m discount on ii hours (spm 7pm daily) Business hours: 4.00pm to I.ooam on weekdays, up to 2.00 am on weekends. For information reservations, please call *****22 cxt 133/917 or direct line *****42 restaurant Try our sumptuous delicacies from the' Hunan Province. novotel jmmIJII nn orcTiKj inn 8 214,173 words
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RAW MATERIALS
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Article1145 1983-07-30 9 COFFEE: Robusta coffee futures at midday yesterday were between £10 and £2 a tonne below Thursday's close in traded positions. Prices moved in a narrow range yesterday morning with little feature as the market lacked a lead. Most traded Sep ended at £1,652, £3 down, after moving between1,145 words
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Article159 1983-07-30 9 CHINESE Pridiee Exchange, Singapore, closing prices per 1M kg yesterday. Ceeeait »11: Bulk fob $135.00 sellers, old drum (in second hand drum) fob $148.00 sellers, new drum fob $152.00 sellers. Cepra: Mixed (loose) $80 buyers. Pepper: Muntok white pepper fob Asta NLW $365.00 sellers, Sarawak white pepper faq159 words
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Article196 1983-07-30 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot exgodown) Cettea yarn: China Blue Phoenix 20s 2,560 32s 3,370, 40s 3,470 (per bale of 400 lbs). Pleee geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article328 1983-07-30 9 SINGAPORE: Yesterdays closing prices in S$ 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 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.54.328 words
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Article245 1983-07-30 9 RUBBER PRICES in Singapore yesterday closed slightly lower with August One RSS buyers quoted at 243.50 cents per kilo, down two cents from Thursday. Morning prices were lower on lower Japanese advices and some long liquidation. Afternoon levels lost further ground on some local and Malaysian profittaking with long245 words
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Article342 1983-07-30 9 RAS prices In cents per kUo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt (.o.b. 242 50 243 50N Int. 1 R.S.S August 244 50 245 50 Int. 1 R.S.S. September 250.00 209 50 Int. 2 R.S.S. 235.25 237.25N UK/Coot 234.25 236 25N Int. 3 R.S.S.342 words
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Article106 1983-07-30 9 NOON SSI i and SMR prim jwM *rday RAH SSR 30 SSRSO (1-toa pallatl (1-laa paiiat) Am (Carraa Burara 216-60 ***** vat it HU) Sailara 218.50N 215 00N 8*ptaabcr (Forward MU) Bayara Sailara ***** 220 00N 214-60 216.SON MRELB Aa« ■at Saptam bar SMRCV SMR L SMR106 words
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299 1983-07-30 9 QUIET and featureless conditions were experienced until midweek when better buying interest emerged to improve RSS One by some three cents overall. Holiday, Cutler, Bath ft C* said in its review of the Singapore and Malaysian rubber markets for the week ended July 28.299 words
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Article32 1983-07-30 9 Rubber July 29 Singapore: August: 243.50 cents (down 2.00 cents) Malaysia: August: 266.50 cents (down 1.00 cent) Tin: M 530.41 per kilo (down 12.00 cents) 80 tonnes (down 20 tonnes)32 words
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Article68 1983-07-30 9 THE STRAITS TIN price in Penang yesterday fell 12 cento to M$3Ml a kilo, still within the ITA lower range of M 529.15 and Ms32.tt. The easier tone was due to the level at which the buffer stock manager absorbed residue and despite the smaller amonnt of ore68 words
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422 1983-07-30 9 Bernama MEMBERS of the International Pepper Community have decided to implement the minimum export price scheme for Asta black pepper at 65 US cents a pound C and F New York. The 11th session of the International Pepper Community has accepted the recommendationsBernama - 422 words
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Article153 1983-07-30 9 THE Malaysian crude palm oil market yesterday closed firmer but off the day's high on pre-weekend selling in moderate trading. In Aug, central rose MJ2S to M 5930 a tonne and south gained MS2O to MJ932.50 while in Sep, south firmed Ms3o to Ms93o. In the refined market153 words
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Article244 1983-07-30 9 SOYBELAN futures in Chicago on Thursday eased off I from day and contract highs i late in the session to close 15 3 4 to 12 US-cents a bushel < higher. November ended i near the bottom of a 15 3 i cent range. i Prices rose from the244 words
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Article158 1983-07-30 9 WHEAT futures in Chicago on Thursday gained B'/« to six US-cents a bushel and ended near the day's highs in a five cent range. Trade talk that the US/ Soviet grain negotiations in Vienna have yielded an agreement lent support to prices. Values received sympathetic strength from corn and158 words
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INTERNATIONAL STOCKS
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Article192 1983-07-30 9 JULY 28 Fr* CORBEILLE Alr-Llqulde 433 B S N Omli Danone 1904 C S F (ThomaonCaf) 144 -5 -11 -U Cle Francalae de« Petroies 184 JO •u Credit Fonder De France 437 •i Hachette (LlDralrle) 1110 4-18 Machines Bull Mlchelln (B) HI 732 -13 Omnium MO -5 Peugeot 179192 words
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Article67 1983-07-30 9 FORWARD MARKET Acec 850 Arbed 12B0 Aatur 500 Brtac&n 1535 Canpac 2150 Cock 182 De Been 540 Ebes 2405 *2 Electrobel 8380 +1 Ob-Inno-Bm 3300 +S Oev 2440 Or Bru Lamb 2400 Hobok 4980 Petro 5050 Ryl Dutch 2480 Sklro 1100 Soc Gen Belg 2025 So fin* 4975 Solvay67 words
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Article89 1983-07-30 9 JULY 28 Dm Aef-Telefunken 7190 -0.9 BASF 156 TO 4-0.4 Bayer 1M30 02 BMW 303 00 -0.5 CommerzDank 183.00 unch Conll Oumml ***** -0 2 Daimler-Ben* «n oo -LS Defussa Demaf Deutsche Bank 338.80 -0.2 Dresdner Bank 182.90 OHH ***** Hoechst 161 JO 0.8 Hoeifh 51 JO -u H89 words
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Article194 1983-07-30 9 JULY 28 Francs Actions Sulsaes 282H -v> AlusuLsse Br. 770 7 Alusulsse Reg 273 +3 Brown Boeerl Br 1375 5 Clba C-elgy Br. 3060 unch Clba Oelgy P C 1M0 10 Clba Oelgy Reg Credit Sulsae Br Ml 3006 1 5 Credit Sulsae Reg 307 -2 Elektrowatt Br 2880194 words
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Article92 1983-07-30 9 JULY a Lire ♦A xm 4-0 Bel ***** -SO 2060 30 Cond Acqum Roma 147 75 175 8020 21 Flat Ord 2MB >37 *****0 1000 Ifl Prt¥ 4001 Invest 2000 >21 Itaicementl Ord 4***) 300 I taigas 1000 unch 253)0 -1X5 9 Mediobanca «700 -150 Mtlano AM Orel 13IS092 words
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Article198 1983-07-30 9 JULY IB Abltlbl CS i uncto Alcan -1H Alfoma 31 X ZI m IH -M H H unrh Bank Mont Bank Nova Scotia Bell Tel BP Can Ltd Camp Red Lake X 34 1* -H Can Imp Bk Canpac Carltnf OTCeefe_ Cmbl Rd Lk 48* »IH 21* -H 36198 words
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Article280 1983-07-30 9 JULY a Rand INDUSTRIALS A Alpha 090 >30 Abereom 278 J AE And CI 900 -25 SST* 465 3100 unch unch Barlows UK > 15 C O Smith 2250 >25 CNA 1575 unch Currte Finance 300 unch De Beers Ind Edcon Edgars FedVolk Z 440 4-20 Fuflt 400 unch280 words
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Article195 1983-07-30 9 JULY 28 FU ABN 387 50 -1 Ahold 17X40 -2J Akso 73_50 U A KIEV 125 JO 45 Amfti 87J0 -3J Amrobnk 85 90 -02 i£T" 27.00 •4L 7 Boll 97 10 -0.7 Borsucer 194 00 4-2 Rnakt 47 00 -1 Burtet 50 50 -07 Caland 35.10 -0.2 CaIV195 words
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Article1359 1983-07-30 9 NEW YORK WALL STREET stock prices on Thursday closed sharply lower amid profittaking and investor concern over the possibility of higher interest rates. The Dow Jones Industrial Average, which fell more than 13 points on Wednesday, dropped another 14.22 to close at 1216.25. On the broad1,359 words
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Page 9 Advertisements
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3815 1983-07-30 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 after3,815 words
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Article3513 1983-07-30 10 Gr*a Gr'a Net 1983 Last Div Div rid P/E Vol Day High Low Company Sale or- C'vr COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 280 235 Acma 250 unch 7.5 3.0 250.0 7 250 248 354 148 Alcorn 284 unch 5.0 3.8 1.7 25.1 95 286 2833,513 words
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Article2374 1983-07-30 10 BID and otter prices 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 INDISTRIAiS AjMMto (3.308) Aieaa <3.088 3 10S) (7) 3 18 (3) 3.142,374 words
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Article811 1983-07-30 10 THE local stock market sucnumbed to selling pressor? again yesterday and prices fell brsadly after opening qnlte steadily. IV Business Times Composite Index was down 5.(9 points to 898.49 and the Straits Times industrial Index fell 7.41 points to •».•8. Dealers said naeertalnty was revived811 words
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Article447 1983-07-30 10 INVESTORS turned cautious yesterday, leaving share prices generally easier on the Kuala Lumpur stock market. Prices opened slightly higher and continued to rise in the first hour of trading but thereafter drifted till the noon close. Afternoon trading saw sellers emerging and prices eased on447 words
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Article186 1983-07-30 10 Managers' prices for July 3t Aug 1 SINGAPORE UNIT TBl'ST DIAMOND MGT STORE The Commerce 338 359 June July The Savings Fund 194 2.06 Diamond S pore Prog Fund 1.53 1.62 S'pore Fd(lJSI) 0.55 058 S pore Sec Fund 2.21 2 35xd SS 1.15 1.25 S pore Invest186 words
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COMPANY NEWS
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464 1983-07-30 11 THE Hongkong-based Hong Leong Company Ltd, part of the Hong Leong group of companies in Malaysia, is expected to turn in net profits of around HKSSB.3 million for 1963 and about $63 million in 1964. London stockbroking firm Simon A Coates, in464 words
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Article193 1983-07-30 11 NYT THE Securities and Exchange Commission has adopted a series of steps intended to aid corporations transmit information about their affairs to their shareholders. Among other things, starting on Nov 1, brokers will be required to forward corporate annual reports and proxy materials to their customersNYT - 193 words
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297 1983-07-30 11 Reuter BRITAIN'S largest manufacturing company, Imperial Chemical Industries (ICI), has reported robust profits for the first half of 1983, spurred in large part by a weaker sterling. Favourable rates of exchange accounted for almost half of the £1U million Increase sver profits for theReuter - 297 words
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Article269 1983-07-30 11 DUNLOP Estates Bhd's offer for sale of its unsecured loan stock has been oversubcribed. Of the 80,516,457 loan stock units, 28,796,457 units were available for public subscription. The public portion attracted applications for 103,234,000 units, which represented an oversubscription of 2.6 times. Directors are allotting 96.3 per cent269 words
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1049 1983-07-30 11 CHRIS LIM - Market Talk... By CHRIS LIM INVESTORS who had put their money into the Singapore and Malaysian stock markets would have got a far higher return and would have been exposed to less risk than any other major markets in the world over1,049 words
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ASIAN STOCKS
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Article461 1983-07-30 11 HONGKONG STOCKS yesterday closed mixed in quiet business with turnover down from Thursday, and the Hang Seng Index eased 2.27 points to 1,072.02. The market was overshadowed by a weakening Hongkong dollar as well as uncertainty ahead of the Sino-Britisb talks on Hongkong next week. However, some461 words
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Article425 1983-07-30 11 SHARE prices yesterday fell from Thursday's record levels in line with the sharp drop on Wall Street and on the prospect of a further rise in US interest rates. The market average lost 33.32 to end the day at 9,078.75 on a volume of 380 million425 words
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Article100 1983-07-30 11 JULY 29 Pesos Acoje Mlnlnf Anflo Phil < Apex Mining B 0.0H unch AUu Con B. rj unch BafUlo Gold 0002 -0 0002 Basic Petroleum 0 00» unch Beniuet Con. B «8 -3 CDCP 019 unch First PhU Hld(l «0 +01 Uepanto a 0.13 unch Martrvduque B 7JO -0-2100 words
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Article156 1983-07-30 11 SHARE prices yesterday closed mostly higher in active trading with cement and finance groups leading the activity. JULY 29 Batita A ok ham Thai Asia PIMc Ajruthajra In* And Trust 14S *1 Bangkok Bulk Bank Of Ajrudhajra 288 Ltd 154 41 Bala Shoe Berll Jucker 449 urvh Charoong That156 words
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Article404 1983-07-30 11 AUSTRALIAN share markets yesterday closed widely lower but above the lows in continued heavy trading following a decline on Wall Street and news of Australian June quarter inflation data on Thursday. The inflation figures showed Australia's inflation rate at end June was 11.2 per cent, a slight improvement on404 words
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Page 11 Advertisements
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Advertisement517 1983-07-30 11 x< a TIMES INTER-BUSINESS HOUSES ATHLETICS MEET '83 Saturday, October 8,1983 National Stadium 6 p.m. For the Champion Business House A Nissan Cabslar plus The Times Organisation and Tan Chong Challenge Trophy For winners in the following: 4 x 100 m Seiko Challenge Trophy 4 x 400 m Gatorade Challenge517 words
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Chief Price Changes
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Article181 1983-07-30 12 Rises Indices Kl*ct 2T0 50 8 N P L 428 14 .My 28 July 29 M GIam P P*lu|l B0« PMC 198 270 796 13 11 10 BT Composite: 904.15 896.46 BT Indicator: *****49 *****88 T H 8 278 8 ST Industrials: 942.49 935.08 iMkau* Mala 352 6 ST181 words
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Article, Illustration157 1983-07-30 12 Rises Indices Roxy 290 40 Syn Resins 785 35 July 28 July 29 M Banking 1010 25 MBT Indicator: *****60 *****35 PMC 870 15 NST Industrials 1336.75 1329.29 ASM 496 14 NST Finance: 2450.55 2448.05 Falls NST Hotels. 645.79 654.79 C Sugars 1600 -50 NST Properties: 1029.29 1040157 words
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Article51 1983-07-30 12 H.K.HANG SENG Thursday 675.9 Week Ago 668.7 Friday 1072.02 Thursday 1074.29 Week Ago 1086.90 FINANCIAL TIMES INDUSTRIALS AUSTRALIAN Thursday 721.4 INDUSTRIALS Wednesday 719.0 Week Ago 710.9 Friday 808.5 Thursday 811.0 Week Ago 806.4 DOW JONES AVERAGE INDUSTRIALS ALL ORDINARIES Thursday 1216 35 Wednesday 1230.47 Friday 672.1 Week Ago51 words
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369 1983-07-30 12 MALAYAN Cement Bhd has turned in an impressive set of interim results. For the six months ended May 31, 1963, group pre-tax profits swelled 45.5 per cent to M 522.93 million ($15.76 million in the previous interim). The buoyancy of the construction sector369 words
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Article61 1983-07-30 12 Reuter THE British government is not referring the question of Pegi Malaysia Bhd's stake in Dunlop Holdings PLC to the UK Monopolies Commission. The UK Trade Department said that the Office of Fair Trading was legally obliged to consider the implications for the public interest whenReuter - 61 words
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230 1983-07-30 12 HOTEL Malaysia Ltd, the owner of the 210-room namesake hotel at Cuscaden Road, will be officially known as "Boulevard Hotel Singapore" on Oct 15. The name change is to be preceded by a strong advertising campaign for three months to mid-Octo-ber in areas where230 words
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Article793 1983-07-30 12 THE market closed easier yesterday, with prices mostly at the day's lows as further weakness on Wall Street encouraged profit-taking for the end of the account, dealers said. At 3pm, the Financial Times Index was down 12.7 points at 708.7. Among leaders, ICI was down 12p at 544793 words
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Article98 1983-07-30 12 AP THE New York stock market opened sharply lower yesterday, extending its broad two-day slide, amid fears that rising interest rates would disrupt the American economy's vigorous recovery from recession. Declines outpaced advances by 5 to 2 in the early tally of New York Stock Exchange-listed issues.AP - 98 words
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Article, Illustration613 1983-07-30 12 NAJEEB JARHOM - mm Companies Editor: Mano Sabnani By NAJEEB JARHOM VENEER Products Ltd has reported a higher operating loss (or the year ended Feb 28, 1983. Shareholders should, however, be glad to know that the company has sold more than $40 million worth613 words
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Article391 1983-07-30 12 i Hi, lxjissoktium that is making a general bid for Kinta Kellas Tin Dredging PLC intends to maintain its mining operation. Mr Siah Kwee Mow, managing director of Syarikat Siah Brothers Trading Sdn Bhd, one of the three members of the consortium (the others are391 words
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Article133 1983-07-30 12 MALAYAN Credit Ltd: Graap aet profit alter tax me to SC.13 mliltoa far the year to March 31, IKS (|&K mliltoa previously), glvlag earalags per share sf eight eeato (5.1 eeata). Graap pre-tax earnings lacreased to t$M mliltoa (|LN mliltoa). A first aad final divtdead sf six eeato (same)133 words
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Page 12 Advertisements
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Advertisement187 1983-07-30 12 Small Businesses ARE SMALL businesses neglected in the search for high technology investment for Singapore? How many small businessmen understand computers? What is the management style of the small firms? What are the problems when small firms rely on jobs handed out by larger companies and government bodies? These and187 words
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Advertisement334 1983-07-30 12 Education, Manpower Development in Singapore by Pang Eng Fong Economic restructuring in Singapore since 1979 has quickened interest in productivity and manpower issues. This book, a collection of papers written between 1970 and 1981, analyses educational and manpower issues related to Singapore's economic and productivity performance. It addresses such questions334 words
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Page 12 Miscellaneous
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Miscellaneous60 1983-07-30 12 OUTLOOK for today: Fair for most of the morning; showers in the afternoon. Report for 24 boors prior to 7J9 pm on JoJy 29 at the airport: Maximum temperature 32.3 Associated humidity 66 Minimum temperature 26.5 Associated humidity 88 Hours of sunshine 9.10 Rainfall in millimetres NIL Total rainfall for60 words
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